Schlumberger Limited (SLB) 10-Q 26 Jul 23 2023 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	6 Months Ended
	Jun. 30, 2023 shares
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Entity Registrant Name	SCHLUMBERGER LIMITED/NV
Entity Central Index Key	0000087347
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding	1,421,186,016
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	false
Entity File Number	1-4601
Entity Tax Identification Number	52-0684746
Entity Address, Address Line One	5599 San Felipe
Entity Address, City or Town	Houston
Entity Address, State or Province	TX
Entity Incorporation, State or Country Code	P8
Entity Address, Country	US
Entity Address, Postal Zip Code	77056
City Area Code	713
Local Phone Number	513-2000
Document Quarterly Report	true
Document Transition Report	false
Title of 12(b) Security	common stock, par value $0.01 per share
Security Exchange Name	NYSE
Trading Symbol	SLB

CONSOLIDATED STATEMENT OF INCOM

CONSOLIDATED STATEMENT OF INCOME (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenue
Total Revenue	$ 8,099	$ 6,773	$ 15,835	$ 12,735
Interest & other income	82	311	174	361
Expenses
Research & engineering	163	154	337	295
General & administrative	96	86	187	183
Interest	127	124	244	247
Income before taxes	1,293	1,152	2,454	1,790
Tax expense	246	182	464	300
Net income	1,047	970	1,990	1,490
Net income attributable to noncontrolling interests	14	11	23	21
Net income attributable to SLB	$ 1,033	$ 959	$ 1,967	$ 1,469
Basic income per share of SLB	$ 0.73	$ 0.68	$ 1.38	$ 1.04
Diluted income per share of SLB	$ 0.72	$ 0.67	$ 1.36	$ 1.02
Average shares outstanding:
Basic	1,423	1,414	1,425	1,413
Assuming dilution	1,442	1,436	1,444	1,435
Services
Revenue
Total Revenue	$ 5,563	$ 4,732	$ 10,897	$ 8,954
Expenses
Cost of services and sales	4,288	3,720	8,417	7,107
Product
Revenue
Total Revenue	2,536	2,041	4,938	3,781
Expenses
Cost of services and sales	$ 2,214	$ 1,848	$ 4,370	$ 3,474

CONSOLIDATED STATEMENT OF COMPR

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 1,047	$ 970	$ 1,990	$ 1,490
Currency translation adjustments
Unrealized net change arising during the period	(43)	216	(77)	110
Cash flow hedges
Net gain (loss) on cash flow hedges	105	(106)	72	(97)
Reclassification to net income of net realized (gain) loss	(9)	55	(14)	72
Pension and other postretirement benefit plans
Amortization to net income of net actuarial loss	(2)	14	(4)	30
Amortization to net income of net prior service credit	(6)	(6)	(11)	(11)
Income taxes on pension and other postretirement benefit plans	2	2	3	2
Comprehensive income	1,094	1,145	1,959	1,596
Comprehensive income attributable to noncontrolling interests	14	11	23	21
Comprehensive income attributable to SLB	$ 1,080	$ 1,134	$ 1,936	$ 1,575

CONSOLIDATED BALANCE SHEET

CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Current Assets
Cash	$ 1,930	$ 1,655
Short-term investments	1,264	1,239
Receivables less allowance for doubtful accounts (2023 - $339; 2022 - $340)	7,675	7,032
Inventories	4,360	3,999
Other current assets	925	1,078
Current assets total	16,154	15,003
Investments in Affiliated Companies	1,601	1,581
Fixed Assets less accumulated depreciation	6,804	6,607
Goodwill	13,117	12,982
Intangible Assets	2,968	2,992
Other Assets	4,182	3,970
Total Assets	44,826	43,135
Current Liabilities
Accounts payable and accrued liabilities	8,938	9,121
Estimated liability for taxes on income	859	1,002
Short-term borrowings and current portion of long-term debt	1,993	1,632
Dividends payable	373	263
Current Liabilities Total	12,163	12,018
Long-term Debt	11,342	10,594
Postretirement Benefits	167	165
Deferred Taxes	183	61
Other Liabilities	2,037	2,308
Total Liabilities	25,892	25,146
Equity
Common stock	11,270	11,837
Treasury stock	(750)	(1,016)
Retained earnings	11,974	10,719
Accumulated other comprehensive loss	(3,886)	(3,855)
SLB stockholders' equity	18,608	17,685
Noncontrolling interests	326	304
Total equity	18,934	17,989
Liabilities and stockholders equity	$ 44,826	$ 43,135

CONSOLIDATED BALANCE SHEET (Par

CONSOLIDATED BALANCE SHEET (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Allowance for doubtful accounts on receivable	$ 339	$ 340

CONSOLIDATED STATEMENT OF CASH

CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($) $ in Millions		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022
Cash flows from operating activities:
Net income		$ 1,990	$ 1,490
Adjustments to reconcile net income to net cash provided by operating activities:
Gain on sale of Liberty shares		(36)	(242)
Gain on sale of real estate			(43)
Depreciation and amortization	[1]	1,124	1,065
Deferred taxes		118	11
Stock-based compensation expense		160	160
Earnings of equity method investments, less dividends received		(79)	(22)
Change in assets and liabilities:
Increase in receivables	[2]	(614)	(887)
Increase in inventories	[2]	(368)	(652)
Decrease (increase) in other current assets	[2]	157	(240)
Increase in other assets	[2]	(18)	(26)
Decrease in accounts payable and accrued liabilities	[2]	(270)	(57)
Decrease in estimated liability for taxes on income	[2]	(191)	(48)
(Decrease) increase in other liabilities	[2]	(63)	4
Other	[2]	28	26
NET CASH PROVIDED BY OPERATING ACTIVITIES		1,938	539
Cash flows from investing activities:
Capital expenditures		(881)	(664)
APS investments		(253)	(311)
Exploration data costs capitalized		(83)	(64)
Business acquisitions and investments, net of cash acquired		(262)	(8)
Proceeds from sale of Liberty shares		137	513
Proceeds from sale of real estate			120
(Purchase) sale of short-term investments, net		(24)	457
Other		(164)	(76)
NET CASH USED IN INVESTING ACTIVITIES		(1,530)	(33)
Cash flows from financing activities:
Dividends paid		(605)	(352)
Proceeds from employee stock purchase plan		86	64
Proceeds from exercise of stock options		38	29
Stock repurchase program		(443)
Proceeds from issuance of long-term debt		992
Net decrease in short-term borrowings		(48)	(11)
Taxes paid on net settled stock-based compensation awards		(144)	(85)
Other		3	(3)
NET CASH USED IN FINANCING ACTIVITIES		(121)	(358)
Net increase in cash before translation effect		287	148
Translation effect on cash		(12)	(12)
Cash, beginning of period		1,655	1,757
Cash, end of period		$ 1,930	$ 1,893
[1] Includes depreciation of fixed assets and amortization of intangible assets, exploration data costs, and APS investments. Net of the effect of business acquisitions.

CONSOLIDATED STATEMENT OF STOCK

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($) shares in Millions, $ in Millions	Total	Common Stock Issued	Treasury stock	Retained Earnings	Accumulated Other Comprehensive Loss	Noncontrolling Interests
Balance at Dec. 31, 2021	$ 15,286	$ 12,608	$ (2,233)	$ 8,199	$ (3,570)	$ 282
Net income	1,490			1,469		21
Currency translation adjustments	110				110
Changes in fair value of cash flow hedges	(25)				(25)
Pension and other postretirement benefit plans	21				21
Shares sold to optionees, less shares exchanged	29	(24)	53
Vesting of restricted stock, net of taxes withheld	(85)	(658)	573
Employee stock purchase plan	64	(104)	168
Stock-based compensation expense	160	160
Dividends declared	(424)			(424)
Dividends paid to noncontrolling interests	(4)					(4)
Other	3	(1)	3			1
Balance at Jun. 30, 2022	16,625	11,981	(1,436)	9,244	(3,464)	300
Balance at Mar. 31, 2022	15,639	11,957	(1,503)	8,532	(3,639)	292
Net income	970			959		11
Currency translation adjustments	216				216
Changes in fair value of cash flow hedges	(51)				(51)
Pension and other postretirement benefit plans	10				10
Shares sold to optionees, less shares exchanged	23	(18)	41
Vesting of restricted stock, net of taxes withheld	(4)	(27)	23
Stock-based compensation expense	71	71
Dividends declared	(247)			(247)
Dividends paid to noncontrolling interests	(4)					(4)
Other	2	(2)	3			1
Balance at Jun. 30, 2022	16,625	11,981	(1,436)	9,244	(3,464)	300
Balance at Dec. 31, 2022	$ 17,989	$ 11,837	$ (1,016)	10,719	(3,855)	304
Balance, shares at Dec. 31, 2022	1,420	1,434
Treasury shares , Balance at Dec. 31, 2022			(14)
Net income	$ 1,990			1,967		23
Currency translation adjustments	(77)				(77)
Changes in fair value of cash flow hedges	58				58
Pension and other postretirement benefit plans	(12)				(12)
Shares sold to optionees, less shares exchanged	$ 38	$ (31)	$ 69
Shares sold to optionees, less shares exchanged, shares	1		1
Vesting of restricted stock, net of taxes withheld	$ (144)	(573)	$ 429
Vesting of restricted stock, shares	6		6
Employee stock purchase plan	$ 86	(123)	$ 209
Shares issued under employee stock purchase plan, shares	3		3
Stock repurchase program	$ (443)		$ (443)
Stock repurchase program, shares	(9)		(9)
Stock-based compensation expense	$ 160	160
Dividends declared	(712)			(712)
Dividends paid to noncontrolling interests	(2)					(2)
Other	3		$ 2			1
Balance at Jun. 30, 2023	$ 18,934	$ 11,270	$ (750)	11,974	(3,886)	326
Balance, shares at Jun. 30, 2023	1,421	1,434
Treasury shares, Balance at Jun. 30, 2023			(13)
Balance at Mar. 31, 2023	$ 18,380	$ 11,264	$ (559)	11,296	(3,933)	312
Net income	1,047			1,033		14
Currency translation adjustments	(43)				(43)
Changes in fair value of cash flow hedges	96				96
Pension and other postretirement benefit plans	(6)				(6)
Shares sold to optionees, less shares exchanged	3	(3)	6
Vesting of restricted stock, net of taxes withheld	(56)	(70)	14
Stock repurchase program	(213)		(213)
Stock-based compensation expense	79	79
Dividends declared	(355)			(355)
Other	2		2
Balance at Jun. 30, 2023	$ 18,934	$ 11,270	$ (750)	$ 11,974	$ (3,886)	$ 326
Balance, shares at Jun. 30, 2023	1,421	1,434
Treasury shares, Balance at Jun. 30, 2023			(13)

CONSOLIDATED STATEMENT OF STO_2

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (Parenthetical) (Unaudited) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Retained Earnings
Dividends declared, per share	$ 0.25	$ 0.175	$ 0.5	$ 0.3

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	1. Basis of Presentation The accompanying unaudited consolidated financial statements of Schlumberger Limited and its subsidiaries (“SLB”) have been prepared in accordance with generally accepted accounting principles in the United States of America for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of SLB management, all adjustments considered necessary for a fair statement have been included in the accompanying unaudited financial statements. All intercompany transactions and balances have been eliminated in consolidation. Operating results for the six-month period ended June 30, 2023 are not necessarily indicative of the results that may be expected for the full year ending December 31, 2023. The December 31, 2022 balance sheet information has been derived from the SLB 2022 audited financial statements. For further information, refer to the Consolidated Financial Statements and notes thereto included in the SLB Annual Report on Form 10-K for the year ended December 31, 2022, filed with the Securities and Exchange Commission on January 25, 2023.

Charges and Credits

Charges and Credits	6 Months Ended
	Jun. 30, 2023
Restructuring and Related Activities [Abstract]
Charges and Credits	2. Charges and Credits 2023 On December 31, 2020, SLB contributed its onshore hydraulic fracturing business in the United States and Canada, including its pressure pumping, pumpdown perforating and Permian frac sand business to Liberty Energy Inc. (“Liberty”) in exchange for an equity interest in Liberty. During the first quarter of 2023, SLB sold all of its remaining approximately 9 million shares of Liberty and received net proceeds of $ 137 million. As a result, SLB recognized a gain of $ 36 million which is classified in Interest & other income in the Consolidated Statement of Income. SLB did no t record any charges or credits during the second quarter of 2023. 2022 SLB recorded the following credits during the first six months of 2022, all of which are classified in Interest & other income in the Consolidated Statement of Income : (Stated in millions) Pretax Credit Tax Expense Net First quarter: Gain on sale of Liberty shares $ ( 26 ) $ ( 4 ) $ ( 22 ) Second quarter: Gain on sale of Liberty shares ( 216 ) ( 13 ) ( 203 ) Gain on sale of real estate ( 43 ) ( 2 ) ( 41 ) $ ( 285 ) $ ( 19 ) $ ( 266 ) During the first quarter of 2022, SLB sold 7.2 million of its shares of Liberty and received proceeds of $ 84 million. During the second quarter of 2022, SLB sold an additional 26.5 million of its shares in Liberty and received proceeds of $ 429 million. As a result of these transactions SLB recognized a gain of $ 26 million during the first quarter of 2022 and a gain of $ 216 million during the second quarter of 2022. During the second quarter of 2022, SLB sold certain real estate and received proceeds of $ 120 million. As a result of this transaction, SLB recognized a gain of $ 43 million.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Earnings Per Share	3. Earnings per Share The following is a reconciliation from basic earnings per share of SLB to diluted earnings per share of SLB: (Stated in millions, except per share amounts) 2023 2022 Net Income Average Earnings per Net Income Average Earnings per Second Quarter Basic $ 1,033 1,423 $ 0.73 $ 959 1,414 $ 0.68 Assumed exercise of stock options - 2 - - Unvested restricted stock - 17 - 22 Diluted $ 1,033 1,442 $ 0.72 $ 959 1,436 $ 0.67 2023 2022 Net Income Average Earnings per Net Income Average Earnings per Six Months Basic $ 1,967 1,425 $ 1.38 $ 1,469 $ 1,413 $ 1.04 Assumed exercise of stock options - 2 - - Unvested restricted stock - 17 - 22 Diluted $ 1,967 1,444 $ 1.36 $ 1,469 $ 1,435 $ 1.02 The number of outstanding options to purchase shares of SLB common stock that were not included in the computation of diluted income per share, because to do so would have had an antidilutive effect, was as follows: (Stated in millions) Second Quarter Six Months 2023 2022 2023 2022 Employee stock options 22 26 22 31

Inventories

Inventories	6 Months Ended
	Jun. 30, 2023
Inventory Disclosure [Abstract]
Inventories	4. Inventories A summary of inventories, which are stated at the lower of average cost or net realizable value, is as follows: (Stated in millions) Jun. 30, Dec. 31, 2023 2022 Raw materials & field materials $ 2,308 $ 2,085 Work in progress 650 547 Finished goods 1,402 1,367 $ 4,360 $ 3,999

Fixed Assets

Fixed Assets	6 Months Ended
	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Fixed Assets	5. Fixed Assets Fixed assets consist of the following: (Stated in millions) Jun. 30, Dec. 31, 2023 2022 Property, plant & equipment $ 28,771 $ 28,386 Less: Accumulated depreciation 21,967 21,779 $ 6,804 $ 6,607 Depreciation expense relating to fixed assets was as follows: (Stated in millions) 2023 2022 Second Quarter $ 353 $ 340 Six Months $ 700 $ 678

Intangible Assets

Intangible Assets	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	6. Intangible Assets Intangible assets consist of the following : (Stated in millions) Jun. 30, 2023 Dec. 31, 2022 Gross Accumulated Net Book Gross Accumulated Net Book Book Value Amortization Value Book Value Amortization Value Customer relationships $ 1,709 $ 667 $ 1,042 $ 1,680 $ 631 $ 1,049 Technology/technical know-how 1,306 721 585 1,280 676 604 Tradenames 795 248 547 767 222 545 Other 1,704 910 794 1,657 863 794 $ 5,514 $ 2,546 $ 2,968 $ 5,384 $ 2,392 $ 2,992 Amortization expense charged to income was as follows: (Stated in millions) 2023 2022 Second Quarter $ 77 $ 75 Six Months $ 153 $ 150 Based on the carrying value of intangible assets at June 30, 2023, amortization expense for the subsequent five years is estimated to be: remaining two quarters of 2023—$ 153 million; 2024—$ 288 million; 2025—$ 273 million; 2026—$ 269 million; 2027—$ 267 million; and 2028—$ 246 million.

Long-term Debt

Long-term Debt	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Long-term Debt	7. Long-term Debt Long-term Debt consist of the following: (Stated in millions) Jun. 30, Dec. 31, 2023 2022 3.90 % Senior Notes due 2028 $ 1,465 $ 1,464 2.65 % Senior Notes due 2030 1,250 1,250 1.375 % Guaranteed Notes due 2026 1,094 1,061 2.00 % Guaranteed Notes due 2032 1,088 1,055 0.25 % Notes due 2027 985 955 0.50 % Notes due 2031 984 954 4.30 % Senior Notes due 2029 847 847 1.00 % Guaranteed Notes due 2026 656 635 0.00 % Notes due 2024 548 531 4.00 % Senior Notes due 2025 523 522 1.40 % Senior Notes due 2025 499 499 4.50 % Senior Notes due 2028 496 - 4.85 % Senior Notes due 2033 496 - 7.00 % Notes due 2038 201 202 5.95 % Notes due 2041 112 112 5.13 % Notes due 2043 98 98 3.75 % Senior Notes due 2024 - 355 3.70 % Notes due 2024 - 54 $ 11,342 $ 10,594 During the second quarter of 2023 SLB issued $ 500 million of 4.50 % Senior Notes due 2028 and $ 500 million of 4.85 % Senior Notes due 2033 . The estimated fair value of SLB’s Long-term Debt, based on quoted market prices at June 30, 2023 and December 31, 2022, was $ 10.3 billion and $ 9.4 billion, respectively. At June 30, 2023, SLB had committed credit facility agreements aggregating $ 5.75 billion with commercial banks. These committed facilities support commercial paper programs in the United States and Europe, of which $ 0.75 billion matures in February 2024, $ 2.0 billion matures in February 2025, $ 1.0 billion matures in July 2026 and $ 2.0 billion matures in Februar y 2027. SLB also has a € 750 million three-year committed revolving credit facility maturing in June 2024 . At June 30, 2023 no amounts had been drawn under these facilities. Interest rates and other terms of borrowing under these lines of credit vary by facility. There were no borrowings under the commercial paper programs at June 30, 2023 and December 31, 2022, respectively. Schlumberger Limited fully and unconditionally guarantees the securities issued by certain of its subsidiaries, including securities issued by Schlumberger Investment S.A. and Schlumberger Finance Canada Ltd., both indirect wholly-owned subsidiaries of Schlumberger Limited.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	6 Months Ended
	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	8. Derivative Instruments and Hedging Activities SLB’s functional currency is primarily the US dollar. However, outside the United States, a significant portion of SLB’s expenses is incurred in foreign currencies. Therefore, when the US dollar weakens (strengthens) in relation to the foreign currencies of the countries in which SLB conducts business, the US dollar-reported expenses will increase (decrease). Changes in foreign currency exchange rates exposes SLB to risks on future cash flows relating to certain of its fixed rate debt denominated in currencies other than the functional currency. SLB uses cross-currency interest rate swaps to provide a hedge against these risks. These contracts are accounted for as cash flow hedges, with the fair value of the derivative recorded on the Consolidated Balance Sheet and in Accumulated other comprehensive loss. Amounts recorded Accumulated other comprehensive loss are reclassified into earnings in the same period or periods that the hedged item is recognized in earnings. Details regarding SLB’s outstanding cross-currency interest rate swaps as of June 30, 2023, were as follows: • During 2019, a US-dollar functional currency subsidiary of SLB issued € 1.5 billion of Euro-denominated debt. SLB entered into cross-currency interest rate swaps in order to hedge changes in the US dollar value of its € 0.5 billion 0.00 % Notes due 2024, € 0.5 billion 0.25 % Notes due 2027 and € 0.5 billion 0.50 % Notes due 2031. These cross-currency interest rate swaps effectively convert the Euro-denominated notes to US-dollar denominated debt with fixed annual interest rates of 2.29 %, 2.51 % and 2.76 %, respectively. • During 2020, a US-dollar functional currency subsidiary of SLB issued € 0.8 billion of Euro-denominated debt. SLB entered into cross-currency interest rate swaps to hedge changes in the US dollar value of its € 0.4 billion of 0.25 % Notes due 2027 and € 0.4 billion of 0.50 % Notes due 2031. These cross-currency interest rate swaps effectively convert the Euro-denominated notes to US-dollar denominated debt with fixed annual interest rates of 1.87 % and 2.20 %, respectively. • During 2020, a US-dollar functional currency subsidiary of SLB issued € 2.0 billion of Euro-denominated debt. SLB entered into cross-currency interest rate swaps to hedge changes in the US dollar value of its € 1.0 billion of 1.375 % Guaranteed Notes due 2026 and € 1.0 billion of 2.00 % Guaranteed Notes due 2032. These cross-currency interest rate swaps effectively convert the Euro-denominated notes to US-dollar denominated debt with fixed annual interest rates of 2.77 % and 3.49 %, respectively. • During 2020, a Canadian dollar functional currency subsidiary of SLB issued $ 0.5 billion of US dollar denominated debt. SLB entered into cross-currency interest rate swaps to hedge changes in the US dollar value of its $ 0.5 billion 1.40 % Senior Notes due 2025. These cross-currency interest rate swaps effectively convert the US dollar notes to Canadian dollar denominated debt with a fixed annual interest rate of 1.73 %. A summary of the amounts included in the Consolidated Balance Sheet relating to cross currency interest rate swaps was as follows: (Stated in millions) Jun. 30, 2023 Dec. 31, 2022 Other Assets $ 11 $ 1 Other Liabilities $ 155 $ 326 The fair values were determined using a model with inputs that are observable in the market or can be derived or corroborated by observable data. SLB has entered into derivative contracts that hedge the price of oil related to approximately 75 % of the projected oil production for the remaining six months of 2023 and 35 % of the projected oil production for the first six months of 2024 for one of its Asset Performance Solutions ("APS") projects. These contracts are accounted for as cash flow hedges, with changes in the fair value of the hedge recorded in Accumulated other comprehensive loss . Amounts recorded in Accumulated other comprehensive loss are reclassified to earnings in the same period or periods that the hedged item is recognized in earnings. SLB is exposed to risks on future cash flows to the extent that the local currency is not the functional currency and expenses denominated in local currency are not equal to revenues denominated in local currency. SLB uses foreign currency forward contracts to provide a hedge against a portion of these cash flow risks. These contracts are accounted for as cash flow hedges. SLB is also exposed to changes in the fair value of assets and liabilities denominated in currencies other than the functional currency. While SLB uses foreign currency forward contracts to economically hedge this exposure as it relates to certain currencies, these contracts are not designated as hedges for accounting purposes. Instead, the fair value of the derivative is recorded on the Consolidated Balance Sheet and changes in the fair value are recognized in the Consolidated Statement of Income, as are changes in the fair value of the hedged item. Foreign currency forward contracts were outstanding for the US dollar equivalent of $ 2.4 billion and $ 2.1 billion in various foreign currencies as of June 30, 2023 and December 31, 2022, respectively. Other than the previously mentioned cross-currency interest rate swaps, the fair value of the other outstanding derivatives was no t material as of June 30, 2023 and December 31, 2022. The effect of derivative instruments designated as cash flow hedges, and those not designated as hedges, on the Consolidated Statement of Income was as follows: (Stated in millions) Gain (Loss) Recognized in Income Second Quarter Six Months 2023 2022 2023 2022 Consolidated Statement of Income Classification Derivatives designated as cash flow hedges: Cross-currency interest rate swaps $ 38 $ ( 160 ) $ 132 $ ( 291 ) Cost of services/sales Cross-currency interest rate swaps ( 22 ) - ( 44 ) - Interest expense Commodity contracts 4 ( 50 ) 7 ( 65 ) Revenue Foreign exchange contracts 4 ( 5 ) 7 ( 7 ) Cost of services/sales $ 24 $ ( 215 ) $ 102 $ ( 363 ) Derivatives not designated as hedges: Foreign exchange contracts $ ( 27 ) $ ( 27 ) $ ( 26 ) $ ( 38 ) Cost of services/sales

Contingencies

Contingencies	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Contingencies	9. Contingencies SLB is party to various legal proceedings from time to time. A liability is accrued when a loss is both probable and can be reasonably estimated. Management believes that the probability of a material loss with respect to any currently pending legal proceeding is remote. However, litigation is inherently uncertain and it is not possible to predict the ultimate disposition of any of these proceedings.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Segment Information	10. Segment Information (Stated in millions) Second Quarter 2023 Second Quarter 2022 Income Income Revenue Before Taxes Revenue Before Taxes Digital & Integration $ 947 $ 322 $ 955 $ 379 Reservoir Performance 1,643 306 1,333 195 Well Construction 3,362 731 2,686 470 Production Systems 2,313 278 1,893 171 Eliminations & other ( 166 ) ( 56 ) ( 94 ) ( 56 ) Pretax segment operating income 1,581 1,159 Corporate & other (1) ( 183 ) ( 148 ) Interest income (2) 19 3 Interest expense (3) ( 124 ) ( 121 ) Charges and credits (4) - 259 $ 8,099 $ 1,293 $ 6,773 $ 1,152 (1) Comprised principally of certain corporate expenses not allocated to the segments, stock-based compensation costs, amortization expense associated with certain intangible assets, certain centrally managed initiatives and other nonoperating items. (2) Interest income excludes amounts that are included in the segments’ income ($- million in 2023; $ 16 million in 2022). (3) Interest expense excludes amounts that are included in the segments’ income ($ 3 million in 2023; $ 3 million in 2022). (4) See Note 2 – Charges and Credits . (Stated in millions) Six Months 2023 Six Months 2022 Income Income Revenue Before Taxes Revenue Before Taxes Digital & Integration $ 1,840 $ 587 $ 1,813 $ 671 Reservoir Performance 3,146 548 2,543 355 Well Construction 6,623 1,403 5,083 858 Production Systems 4,520 483 3,497 285 Eliminations & other ( 294 ) ( 49 ) ( 201 ) ( 115 ) Pretax segment operating income 2,972 2,054 Corporate & other (1) ( 353 ) ( 313 ) Interest income (2) 36 5 Interest expense (3) ( 237 ) ( 241 ) Charges and credits (4) 36 285 $ 15,835 $ 2,454 $ 12,735 $ 1,790 (1) Comprised principally of certain corporate expenses not allocated to the segments, stock-based compensation costs, amortization expense associated with certain intangible assets, certain centrally managed initiatives and other nonoperating items. (2) Interest income excludes amounts that are included in the segments’ income ($- million in 2023; $ 28 million in 2022). (3) Interest expense excludes amounts that are included in the segments’ income ($ 7 million in 2023; $ 6 million in 2022). (4) See Note 2 – Charges and Credits . Revenue by geographic area was as follows: (Stated in millions) Second Quarter Six Months 2023 2022 2023 2022 North America $ 1,746 $ 1,537 $ 3,443 $ 2,819 Latin America 1,624 1,329 3,242 2,534 Europe & Africa (1) 2,031 1,691 4,005 3,094 Middle East & Asia 2,642 2,168 5,035 4,192 Other 56 48 110 96 $ 8,099 $ 6,773 $ 15,835 $ 12,735 (1) Includes Russia and the Caspian region. North America and International revenue disaggregated by segment was as follows: (Stated in millions) Second Quarter 2023 North America International Other Total Digital & Integration $ 234 $ 712 $ 1 $ 947 Reservoir Performance 130 1,512 1 1,643 Well Construction 721 2,582 59 3,362 Production Systems 679 1,628 6 2,313 Eliminations & other ( 18 ) ( 137 ) ( 11 ) ( 166 ) $ 1,746 $ 6,297 $ 56 $ 8,099 Second Quarter 2022 North America International Other Total Digital & Integration $ 327 $ 627 $ 1 $ 955 Reservoir Performance 111 1,222 - 1,333 Well Construction 553 2,083 50 2,686 Production Systems 550 1,341 2 1,893 Eliminations & other ( 4 ) ( 85 ) ( 5 ) ( 94 ) $ 1,537 $ 5,188 $ 48 $ 6,773 Six Months 2023 North America International Other Total Digital & Integration $ 485 $ 1,354 $ 1 $ 1,840 Reservoir Performance 250 2,892 4 3,146 Well Construction 1,432 5,075 116 6,623 Production Systems 1,305 3,202 13 4,520 Eliminations & other ( 29 ) ( 241 ) ( 24 ) ( 294 ) $ 3,443 $ 12,282 $ 110 $ 15,835 Six Months 2022 North America International Other Total Digital & Integration $ 552 $ 1,258 $ 3 $ 1,813 Reservoir Performance 214 2,326 3 2,543 Well Construction 1,038 3,948 97 5,083 Production Systems 1,023 2,468 6 3,497 Eliminations & other ( 8 ) ( 180 ) ( 13 ) ( 201 ) $ 2,819 $ 9,820 $ 96 $ 12,735 Revenue in excess of billings related to contracts where revenue is recognized over time was $ 0.3 billion at both June 30, 2023 and December 31, 2022. Such amounts are included within Receivables less allowance for doubtful accounts in the Consolidated Balance Sheet . Due to the nature of its business, SLB does not have significant backlog. Total backlog was $ 3.2 billion at June 30, 2023, of which approximately 55 % is expected to be recognized as revenue over the next 12 months. Billings and cash collections in excess of revenue was $ 1.3 billion at June 30, 2023 and $ 1.2 billion at December 31, 2022. Such amounts are included within Accounts payable and accrued liabilities in the Consolidated Balance Sheet .

Charges and Credits (Table)

Charges and Credits (Table)	6 Months Ended
	Jun. 30, 2023
Restructuring and Related Activities [Abstract]
Summary of Charges and Credits	SLB recorded the following credits during the first six months of 2022, all of which are classified in Interest & other income in the Consolidated Statement of Income : (Stated in millions) Pretax Credit Tax Expense Net First quarter: Gain on sale of Liberty shares $ ( 26 ) $ ( 4 ) $ ( 22 ) Second quarter: Gain on sale of Liberty shares ( 216 ) ( 13 ) ( 203 ) Gain on sale of real estate ( 43 ) ( 2 ) ( 41 ) $ ( 285 ) $ ( 19 ) $ ( 266 )

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Reconciliation of Earnings Per Share	The following is a reconciliation from basic earnings per share of SLB to diluted earnings per share of SLB: (Stated in millions, except per share amounts) 2023 2022 Net Income Average Earnings per Net Income Average Earnings per Second Quarter Basic $ 1,033 1,423 $ 0.73 $ 959 1,414 $ 0.68 Assumed exercise of stock options - 2 - - Unvested restricted stock - 17 - 22 Diluted $ 1,033 1,442 $ 0.72 $ 959 1,436 $ 0.67 2023 2022 Net Income Average Earnings per Net Income Average Earnings per Six Months Basic $ 1,967 1,425 $ 1.38 $ 1,469 $ 1,413 $ 1.04 Assumed exercise of stock options - 2 - - Unvested restricted stock - 17 - 22 Diluted $ 1,967 1,444 $ 1.36 $ 1,469 $ 1,435 $ 1.02
Schedule of Antidilutive Securities Excluded from Computation of Income Per Share	The number of outstanding options to purchase shares of SLB common stock that were not included in the computation of diluted income per share, because to do so would have had an antidilutive effect, was as follows: (Stated in millions) Second Quarter Six Months 2023 2022 2023 2022 Employee stock options 22 26 22 31

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2023
Inventory Disclosure [Abstract]
Summary of Inventory	A summary of inventories, which are stated at the lower of average cost or net realizable value, is as follows: (Stated in millions) Jun. 30, Dec. 31, 2023 2022 Raw materials & field materials $ 2,308 $ 2,085 Work in progress 650 547 Finished goods 1,402 1,367 $ 4,360 $ 3,999

Fixed Assets (Tables)

Fixed Assets (Tables)	6 Months Ended
	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Summary of Fixed Assets	Fixed assets consist of the following: (Stated in millions) Jun. 30, Dec. 31, 2023 2022 Property, plant & equipment $ 28,771 $ 28,386 Less: Accumulated depreciation 21,967 21,779 $ 6,804 $ 6,607
Depreciation Expense Relating To Fixed Assets	Depreciation expense relating to fixed assets was as follows: (Stated in millions) 2023 2022 Second Quarter $ 353 $ 340 Six Months $ 700 $ 678

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets by Major Class	: (Stated in millions) Jun. 30, 2023 Dec. 31, 2022 Gross Accumulated Net Book Gross Accumulated Net Book Book Value Amortization Value Book Value Amortization Value Customer relationships $ 1,709 $ 667 $ 1,042 $ 1,680 $ 631 $ 1,049 Technology/technical know-how 1,306 721 585 1,280 676 604 Tradenames 795 248 547 767 222 545 Other 1,704 910 794 1,657 863 794 $ 5,514 $ 2,546 $ 2,968 $ 5,384 $ 2,392 $ 2,992
Amortization Expense Charged to Income for Intangible Assets	Amortization expense charged to income was as follows: (Stated in millions) 2023 2022 Second Quarter $ 77 $ 75 Six Months $ 153 $ 150

Long-term Debt (Tables)

Long-term Debt (Tables)	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Summary of Long-term Debt	Long-term Debt consist of the following: (Stated in millions) Jun. 30, Dec. 31, 2023 2022 3.90 % Senior Notes due 2028 $ 1,465 $ 1,464 2.65 % Senior Notes due 2030 1,250 1,250 1.375 % Guaranteed Notes due 2026 1,094 1,061 2.00 % Guaranteed Notes due 2032 1,088 1,055 0.25 % Notes due 2027 985 955 0.50 % Notes due 2031 984 954 4.30 % Senior Notes due 2029 847 847 1.00 % Guaranteed Notes due 2026 656 635 0.00 % Notes due 2024 548 531 4.00 % Senior Notes due 2025 523 522 1.40 % Senior Notes due 2025 499 499 4.50 % Senior Notes due 2028 496 - 4.85 % Senior Notes due 2033 496 - 7.00 % Notes due 2038 201 202 5.95 % Notes due 2041 112 112 5.13 % Notes due 2043 98 98 3.75 % Senior Notes due 2024 - 355 3.70 % Notes due 2024 - 54 $ 11,342 $ 10,594 During the second quarter of 2023 SLB issued $ 500 million of 4.50 % Senior Notes due 2028 and $ 500 million of 4.85 % Senior Notes due 2033 .

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	6 Months Ended
	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary of Derivatives Included in the Consolidated Balance Sheet	A summary of the amounts included in the Consolidated Balance Sheet relating to cross currency interest rate swaps was as follows: (Stated in millions) Jun. 30, 2023 Dec. 31, 2022 Other Assets $ 11 $ 1 Other Liabilities $ 155 $ 326
Effect of Derivative Instruments Designated as Cash Flow Hedges and Not Designated as Hedges on Consolidated Statement of Income	The effect of derivative instruments designated as cash flow hedges, and those not designated as hedges, on the Consolidated Statement of Income was as follows: (Stated in millions) Gain (Loss) Recognized in Income Second Quarter Six Months 2023 2022 2023 2022 Consolidated Statement of Income Classification Derivatives designated as cash flow hedges: Cross-currency interest rate swaps $ 38 $ ( 160 ) $ 132 $ ( 291 ) Cost of services/sales Cross-currency interest rate swaps ( 22 ) - ( 44 ) - Interest expense Commodity contracts 4 ( 50 ) 7 ( 65 ) Revenue Foreign exchange contracts 4 ( 5 ) 7 ( 7 ) Cost of services/sales $ 24 $ ( 215 ) $ 102 $ ( 363 ) Derivatives not designated as hedges: Foreign exchange contracts $ ( 27 ) $ ( 27 ) $ ( 26 ) $ ( 38 ) Cost of services/sales

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	(Stated in millions) Second Quarter 2023 Second Quarter 2022 Income Income Revenue Before Taxes Revenue Before Taxes Digital & Integration $ 947 $ 322 $ 955 $ 379 Reservoir Performance 1,643 306 1,333 195 Well Construction 3,362 731 2,686 470 Production Systems 2,313 278 1,893 171 Eliminations & other ( 166 ) ( 56 ) ( 94 ) ( 56 ) Pretax segment operating income 1,581 1,159 Corporate & other (1) ( 183 ) ( 148 ) Interest income (2) 19 3 Interest expense (3) ( 124 ) ( 121 ) Charges and credits (4) - 259 $ 8,099 $ 1,293 $ 6,773 $ 1,152 (1) Comprised principally of certain corporate expenses not allocated to the segments, stock-based compensation costs, amortization expense associated with certain intangible assets, certain centrally managed initiatives and other nonoperating items. (2) Interest income excludes amounts that are included in the segments’ income ($- million in 2023; $ 16 million in 2022). (3) Interest expense excludes amounts that are included in the segments’ income ($ 3 million in 2023; $ 3 million in 2022). (4) See Note 2 – Charges and Credits . (Stated in millions) Six Months 2023 Six Months 2022 Income Income Revenue Before Taxes Revenue Before Taxes Digital & Integration $ 1,840 $ 587 $ 1,813 $ 671 Reservoir Performance 3,146 548 2,543 355 Well Construction 6,623 1,403 5,083 858 Production Systems 4,520 483 3,497 285 Eliminations & other ( 294 ) ( 49 ) ( 201 ) ( 115 ) Pretax segment operating income 2,972 2,054 Corporate & other (1) ( 353 ) ( 313 ) Interest income (2) 36 5 Interest expense (3) ( 237 ) ( 241 ) Charges and credits (4) 36 285 $ 15,835 $ 2,454 $ 12,735 $ 1,790 (1) Comprised principally of certain corporate expenses not allocated to the segments, stock-based compensation costs, amortization expense associated with certain intangible assets, certain centrally managed initiatives and other nonoperating items. (2) Interest income excludes amounts that are included in the segments’ income ($- million in 2023; $ 28 million in 2022). (3) Interest expense excludes amounts that are included in the segments’ income ($ 7 million in 2023; $ 6 million in 2022). (4) See Note 2 – Charges and Credits .
Revenue by Geographic Area	Revenue by geographic area was as follows: (Stated in millions) Second Quarter Six Months 2023 2022 2023 2022 North America $ 1,746 $ 1,537 $ 3,443 $ 2,819 Latin America 1,624 1,329 3,242 2,534 Europe & Africa (1) 2,031 1,691 4,005 3,094 Middle East & Asia 2,642 2,168 5,035 4,192 Other 56 48 110 96 $ 8,099 $ 6,773 $ 15,835 $ 12,735 (1) Includes Russia and the Caspian region.
Summary of North America and International Revenue Disaggregated by Segment	North America and International revenue disaggregated by segment was as follows: (Stated in millions) Second Quarter 2023 North America International Other Total Digital & Integration $ 234 $ 712 $ 1 $ 947 Reservoir Performance 130 1,512 1 1,643 Well Construction 721 2,582 59 3,362 Production Systems 679 1,628 6 2,313 Eliminations & other ( 18 ) ( 137 ) ( 11 ) ( 166 ) $ 1,746 $ 6,297 $ 56 $ 8,099 Second Quarter 2022 North America International Other Total Digital & Integration $ 327 $ 627 $ 1 $ 955 Reservoir Performance 111 1,222 - 1,333 Well Construction 553 2,083 50 2,686 Production Systems 550 1,341 2 1,893 Eliminations & other ( 4 ) ( 85 ) ( 5 ) ( 94 ) $ 1,537 $ 5,188 $ 48 $ 6,773 Six Months 2023 North America International Other Total Digital & Integration $ 485 $ 1,354 $ 1 $ 1,840 Reservoir Performance 250 2,892 4 3,146 Well Construction 1,432 5,075 116 6,623 Production Systems 1,305 3,202 13 4,520 Eliminations & other ( 29 ) ( 241 ) ( 24 ) ( 294 ) $ 3,443 $ 12,282 $ 110 $ 15,835 Six Months 2022 North America International Other Total Digital & Integration $ 552 $ 1,258 $ 3 $ 1,813 Reservoir Performance 214 2,326 3 2,543 Well Construction 1,038 3,948 97 5,083 Production Systems 1,023 2,468 6 3,497 Eliminations & other ( 8 ) ( 180 ) ( 13 ) ( 201 ) $ 2,819 $ 9,820 $ 96 $ 12,735

Charges and Credits - Summary o

Charges and Credits - Summary of Charges and Credits (Detail) - USD ($)	3 Months Ended			6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2022
Charges And Credits [Line Items]
Charges and credits, Pretax Credit				$ (285,000,000)
Charges and credits, Tax Expense				(19,000,000)
Charges and credits, Net	$ 0			$ (266,000,000)
Interest And Other | Gain On Sale Of Liberty Shares
Charges And Credits [Line Items]
Charges and credits, Pretax Credit		$ (216,000,000)	$ (26,000,000)
Charges and credits, Tax Expense		(13,000,000)	(4,000,000)
Charges and credits, Net		(203,000,000)	$ (22,000,000)
Interest And Other | Gain On Sale Of Real Estate
Charges And Credits [Line Items]
Charges and credits, Pretax Credit		(43,000,000)
Charges and credits, Tax Expense		(2,000,000)
Charges and credits, Net		$ (41,000,000)

Charges and Credits - Additiona

Charges and Credits - Additional Information (Detail) - USD ($) shares in Millions	3 Months Ended				6 Months Ended
	Dec. 31, 2023	Jun. 30, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2022
Charges And Credits [Line Items]
Received proceeds from sale of shares			$ 120,000,000
Gains on sales of businesses			$ 43,000,000
Charges and credits, Tax		$ 0			$ 266,000,000
Liberty Energy Inc
Charges And Credits [Line Items]
Shares issued	9		26.5	7.2
Received proceeds from sale of shares	$ 137,000,000		$ 429,000,000	$ 84,000,000
Gains on sales of businesses	$ 36,000,000		$ 216,000,000	$ 26,000,000

Earnings Per Share - Reconcilia

Earnings Per Share - Reconciliation of Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Net Income Attributable to Schlumberger
Basic	$ 1,033	$ 959	$ 1,967	$ 1,469
Diluted	$ 1,033	$ 959	$ 1,967	$ 1,469
Average Shares Outstanding
Basic	1,423	1,414	1,425	1,413
Assumed exercise of stock options	2		2
Unvested restricted stock	17	22	17	22
Diluted	1,442	1,436	1,444	1,435
Earnings per Share
Basic	$ 0.73	$ 0.68	$ 1.38	$ 1.04
Diluted	$ 0.72	$ 0.67	$ 1.36	$ 1.02

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Antidilutive Securities Excluded from Computation of Income Per Share (Detail) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Employee Stock Options
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount	22	26	22	31

Inventories - Summary of Invent

Inventories - Summary of Inventory (Detail) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
Raw materials & field materials	$ 2,308	$ 2,085
Work in progress	650	547
Finished goods	1,402	1,367
Inventories	$ 4,360	$ 3,999

Fixed Assets - Summary of Fixed

Fixed Assets - Summary of Fixed Assets (Detail) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Property, plant & equipment	$ 28,771	$ 28,386
Less: Accumulated depreciation	21,967	21,779
Fixed assets less accumulated depreciation	$ 6,804	$ 6,607

Fixed Assets - Depreciation Exp

Fixed Assets - Depreciation Expense Relating to Fixed Assets (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Property, Plant and Equipment [Abstract]
Depreciation expense relating to fixed assets	$ 353	$ 340	$ 700	$ 678

Intangible Assets - Schedule of

Intangible Assets - Schedule of Intangible Assets by Major Class (Detail) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Finite Lived Intangible Assets [Line Items]
Gross Book Value	$ 5,514	$ 5,384
Accumulated Amortization	2,546	2,392
Net Book Value	2,968	2,992
Customer Relationships
Finite Lived Intangible Assets [Line Items]
Gross Book Value	1,709	1,680
Accumulated Amortization	667	631
Net Book Value	1,042	1,049
Technology/Technical Know-How
Finite Lived Intangible Assets [Line Items]
Gross Book Value	1,306	1,280
Accumulated Amortization	721	676
Net Book Value	585	604
Tradenames
Finite Lived Intangible Assets [Line Items]
Gross Book Value	795	767
Accumulated Amortization	248	222
Net Book Value	547	545
Other
Finite Lived Intangible Assets [Line Items]
Gross Book Value	1,704	1,657
Accumulated Amortization	910	863
Net Book Value	$ 794	$ 794

Intangible Assets - Amortizatio

Intangible Assets - Amortization Expense Charged to Income for Intangible Assets (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 77	$ 75	$ 153	$ 150

Intangible Assets - Additional

Intangible Assets - Additional Information (Detail) $ in Millions	Jun. 30, 2023 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Estimated amortization expense, remaining two quarters of 2023	$ 153
Estimated amortization expense, 2024	288
Estimated amortization expense, 2025	273
Estimated amortization expense, 2026	269
Estimated amortization expense, 2027	267
Estimated amortization expense, 2028	$ 246

Long-term Debt - Summary of Lon

Long-term Debt - Summary of Long-term Debt (Detail) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Long-term debt, carrying amount	$ 11,342	$ 10,594
3.90% Senior Notes due 2028
Debt Instrument [Line Items]
Long-term debt, carrying amount	1,465	1,464
2.65% Senior Notes due 2030
Debt Instrument [Line Items]
Long-term debt, carrying amount	1,250	1,250
1.375% Guaranteed Notes due 2026
Debt Instrument [Line Items]
Long-term debt, carrying amount	1,094	1,061
2.00% Guaranteed Notes due 2032
Debt Instrument [Line Items]
Long-term debt, carrying amount	1,088	1,055
0.25% Notes due 2027
Debt Instrument [Line Items]
Long-term debt, carrying amount	985	955
0.50% Notes due 2031
Debt Instrument [Line Items]
Long-term debt, carrying amount	984	954
4.30% Senior Notes due 2029
Debt Instrument [Line Items]
Long-term debt, carrying amount	847	847
1.00% Guaranteed Notes due 2026
Debt Instrument [Line Items]
Long-term debt, carrying amount	656	635
0.00% Notes due 2024
Debt Instrument [Line Items]
Long-term debt, carrying amount	548	531
4.00% Senior Notes due 2025
Debt Instrument [Line Items]
Long-term debt, carrying amount	523	522
1.40% Senior Notes due 2025
Debt Instrument [Line Items]
Long-term debt, carrying amount	499	499
4.50% Senior Notes due 2028
Debt Instrument [Line Items]
Long-term debt, carrying amount	496
4.85% Senior Notes due 2033
Debt Instrument [Line Items]
Long-term debt, carrying amount	496
7.00% Notes due 2038
Debt Instrument [Line Items]
Long-term debt, carrying amount	201	202
5.95% Notes due 2041
Debt Instrument [Line Items]
Long-term debt, carrying amount	112	112
5.13% Notes due 2043
Debt Instrument [Line Items]
Long-term debt, carrying amount	$ 98	98
3.75% Senior Notes due 2024
Debt Instrument [Line Items]
Long-term debt, carrying amount		355
3.70% Notes due 2024
Debt Instrument [Line Items]
Long-term debt, carrying amount		$ 54

Long-term Debt - Summary of L_2

Long-term Debt - Summary of Long-term Debt (Parenthetical) (Detail)	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
3.90% Senior Notes due 2028
Debt Instrument [Line Items]
Debt instrument interest rate	3.90%	3.90%	3.90%
Debt instrument maturity date		2028	2028
2.65% Senior Notes due 2030
Debt Instrument [Line Items]
Debt instrument interest rate	2.65%	2.65%	2.65%
Debt instrument maturity date		2030	2030
1.375% Guaranteed Notes due 2026
Debt Instrument [Line Items]
Debt instrument interest rate	1.375%	1.375%	1.375%
Debt instrument maturity date		2026	2026
2.00% Guaranteed Notes due 2032
Debt Instrument [Line Items]
Debt instrument interest rate	2%	2%	2%
Debt instrument maturity date		2032	2032
0.25% Notes due 2027
Debt Instrument [Line Items]
Debt instrument interest rate	0.25%	0.25%	0.25%
Debt instrument maturity date		2027	2027
0.50% Notes due 2031
Debt Instrument [Line Items]
Debt instrument interest rate	0.50%	0.50%	0.50%
Debt instrument maturity date		2031	2031
4.30% Senior Notes due 2029
Debt Instrument [Line Items]
Debt instrument interest rate	4.30%	4.30%	4.30%
Debt instrument maturity date		2029	2029
1.00% Guaranteed Notes due 2026
Debt Instrument [Line Items]
Debt instrument interest rate	1%	1%	1%
Debt instrument maturity date		2026	2026
0.00% Notes due 2024
Debt Instrument [Line Items]
Debt instrument interest rate	0%	0%	0%
Debt instrument maturity date		2024	2024
4.00% Senior Notes due 2025
Debt Instrument [Line Items]
Debt instrument interest rate	4%	4%	4%
Debt instrument maturity date		2025	2025
1.40% Senior Notes due 2025
Debt Instrument [Line Items]
Debt instrument interest rate	1.40%	1.40%	1.40%
Debt instrument maturity date		2025	2025
4.50% Senior Notes due 2028
Debt Instrument [Line Items]
Debt instrument interest rate	4.50%	4.50%	4.50%
Debt instrument maturity date	2028	2028	2028
4.85% Senior Notes due 2033
Debt Instrument [Line Items]
Debt instrument interest rate	4.85%	4.85%	4.85%
Debt instrument maturity date	2033	2033	2033
7.00% Notes due 2038
Debt Instrument [Line Items]
Debt instrument interest rate	7%	7%	7%
Debt instrument maturity date		2038	2038
5.95% Notes due 2041
Debt Instrument [Line Items]
Debt instrument interest rate	5.95%	5.95%	5.95%
Debt instrument maturity date		2041	2041
5.13% Notes due 2043
Debt Instrument [Line Items]
Debt instrument interest rate	5.13%	5.13%	5.13%
Debt instrument maturity date		2043	2043
3.75% Senior Notes due 2024
Debt Instrument [Line Items]
Debt instrument interest rate	3.75%	3.75%	3.75%
Debt instrument maturity date		2024	2024
3.70% Notes due 2024
Debt Instrument [Line Items]
Debt instrument interest rate	3.70%	3.70%	3.70%
Debt instrument maturity date		2024	2024

Long-term Debt - Additional Inf

Long-term Debt - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Long-term debt, fair value	$ 10,300	$ 10,300	$ 9,400
Committed credit facility agreement aggregated	5,750	5,750
4.50% Senior Notes due 2028
Debt Instrument [Line Items]
Notes, face amount	$ 500	$ 500
Debt instrument maturity date	2028	2028	2028
4.85% Senior Notes due 2033
Debt Instrument [Line Items]
Notes, face amount	$ 500	$ 500
Debt instrument maturity date	2033	2033	2033
Commercial paper programs mature in February 2024
Debt Instrument [Line Items]
Committed credit facility agreement aggregated	$ 750	$ 750
Commercial paper programs mature in February 2025
Debt Instrument [Line Items]
Committed credit facility agreement aggregated	2,000	2,000
Commercial paper programs mature in July 2026
Debt Instrument [Line Items]
Committed credit facility agreement aggregated	1,000	1,000
Commercial paper programs mature in February 2027
Debt Instrument [Line Items]
Committed credit facility agreement aggregated	2,000	2,000
Commercial paper borrowings
Debt Instrument [Line Items]
Long-term debt	0	$ 0	$ 0
Revolving Credit Facility
Debt Instrument [Line Items]
Credit facility extended period		3 years
Credit facility extended date		Jun. 30, 2024
Committed credit facility agreement aggregated	$ 750	$ 750

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities - Additional Information (Detail) € in Billions	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023 USD ($)	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2020 EUR (€)	Dec. 31, 2019 EUR (€)
Derivative [Line Items]
Denominated debt issued						$ 500,000,000		€ 1.5
Fair value of outstanding derivatives | $				$ 0	$ 0
Scenario Forecast
Derivative [Line Items]
Percentage of derivative contracts of oil price	35%	75%
0.00% Notes due 2024
Derivative [Line Items]
Notes, face amount								€ 0.5
Derivative swap interest rate								0%
Promissory note interest rate			0%		0%
0.25% Notes due 2027
Derivative [Line Items]
Notes, face amount							€ 0.4	€ 0.5
Derivative swap interest rate						0.25%	0.25%	0.25%
Promissory note interest rate			0.25%		0.25%
0.50% Notes due 2031
Derivative [Line Items]
Notes, face amount							€ 0.4	€ 0.5
Derivative swap interest rate						0.50%	0.50%	0.50%
Promissory note interest rate			0.50%		0.50%
Euro-denominated Notes
Derivative [Line Items]
Denominated debt issued							€ 0.8
Euro-denominated Guaranteed Notes
Derivative [Line Items]
Denominated debt issued							2
1.375% Guaranteed Notes due 2026
Derivative [Line Items]
Notes, face amount							€ 1
Derivative swap interest rate						1.375%	1.375%
2.00% Guaranteed Notes due 2032
Derivative [Line Items]
Notes, face amount							€ 1
Derivative swap interest rate						2%	2%
1.40% Senior Notes due 2025
Derivative [Line Items]
Notes, face amount | $						$ 500,000,000
Derivative swap interest rate						1.40%	1.40%
Promissory note interest rate			1.40%		1.40%
Cross currency interest rate swaps | 0.00% Notes due 2024
Derivative [Line Items]
Promissory note interest rate								2.29%
Cross currency interest rate swaps | 0.25% Notes due 2027
Derivative [Line Items]
Promissory note interest rate						1.87%	1.87%	2.51%
Cross currency interest rate swaps | 0.50% Notes due 2031
Derivative [Line Items]
Promissory note interest rate						2.20%	2.20%	2.76%
Cross currency interest rate swaps | 1.375% Guaranteed Notes due 2026
Derivative [Line Items]
Promissory note interest rate						2.77%	2.77%
Cross currency interest rate swaps | 2.00% Guaranteed Notes due 2032
Derivative [Line Items]
Promissory note interest rate						3.49%	3.49%
Cross currency interest rate swaps | 1.40% Senior Notes due 2025
Derivative [Line Items]
Promissory note interest rate						1.73%	1.73%
Foreign exchange contracts
Derivative [Line Items]
Notional amount of interest rate swap | $			$ 2,400,000,000		$ 2,100,000,000

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities - Summary of Derivatives Included in the Consolidated Balance Sheet (Detail) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Derivative [Line Items]
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets	Other Assets
Other Liabilities, Noncurrent	Other Liabilities	Other Liabilities
Cross currency interest rate swaps
Derivative [Line Items]
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other current assets	Other current assets
Derivative assets	$ 11	$ 1
Derivative liability	$ 155	$ 326

Derivative Instruments and He_5

Derivative Instruments and Hedging Activities - Effect of Derivative Instruments Designated as Cash Flow Hedges and Not Designated as Hedges on Consolidated Statement of Income (Detail) - Cash Flow Hedging - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Derivatives designated as hedges
Derivative Instruments Gain Loss [Line Items]
Gain (Loss) Recognized in Income	$ 24	$ (215)	$ 102	$ (363)
Derivatives designated as hedges | Cross currency interest rate swaps
Derivative Instruments Gain Loss [Line Items]
Gain (Loss) Recognized in Income	$ 38	$ (160)	$ 132	$ (291)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Cost of services and sales	Cost of services and sales	Cost of services and sales	Cost of services and sales
Derivatives designated as hedges | Cross currency interest rate swaps
Derivative Instruments Gain Loss [Line Items]
Gain (Loss) Recognized in Income	$ (22)		$ (44)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Interest	Interest	Interest	Interest
Derivatives designated as hedges | Commodity contracts
Derivative Instruments Gain Loss [Line Items]
Gain (Loss) Recognized in Income	$ 4	$ (50)	$ 7	$ (65)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Total Revenue	Total Revenue	Total Revenue	Total Revenue
Derivatives designated as hedges | Foreign exchange contracts
Derivative Instruments Gain Loss [Line Items]
Gain (Loss) Recognized in Income	$ 4	$ (5)	$ 7	$ (7)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Cost of services and sales	Cost of services and sales	Cost of services and sales	Cost of services and sales
Derivatives not designated as hedges | Foreign exchange contracts
Derivative Instruments Gain Loss [Line Items]
Gain (Loss) Recognized in Income	$ (27)	$ (27)	$ (26)	$ (38)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Cost of services and sales	Cost of services and sales	Cost of services and sales	Cost of services and sales

Segment Information - Schedule

Segment Information - Schedule of Segment Reporting Information, by Segment (Detail) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2023		Jun. 30, 2022		Jun. 30, 2023		Jun. 30, 2022
Segment Reporting Information [Line Items]
Revenue	$ 8,099		$ 6,773		$ 15,835		$ 12,735
Pretax segment operating income	1,581		1,159		2,972		2,054
Interest expense	127		124		244		247
Income Before Taxes	1,293		1,152		2,454		1,790
Digital Integration
Segment Reporting Information [Line Items]
Revenue	947		955		1,840		1,813
Reservoir Performance
Segment Reporting Information [Line Items]
Revenue	1,643		1,333		3,146		2,543
Well Construction
Segment Reporting Information [Line Items]
Revenue	3,362		2,686		6,623		5,083
Production Systems
Segment Reporting Information [Line Items]
Revenue	2,313		1,893		4,520		3,497
Operating Segments
Segment Reporting Information [Line Items]
Revenue	8,099		6,773		15,835		12,735
Interest income			16				28
Interest expense	3		3		7		6
Operating Segments | Digital Integration
Segment Reporting Information [Line Items]
Revenue	947		955		1,840		1,813
Pretax segment operating income	322		379		587		671
Operating Segments | Reservoir Performance
Segment Reporting Information [Line Items]
Revenue	1,643		1,333		3,146		2,543
Pretax segment operating income	306		195		548		355
Operating Segments | Well Construction
Segment Reporting Information [Line Items]
Revenue	3,362		2,686		6,623		5,083
Pretax segment operating income	731		470		1,403		858
Operating Segments | Production Systems
Segment Reporting Information [Line Items]
Revenue	2,313		1,893		4,520		3,497
Pretax segment operating income	278		171		483		285
Eliminations & other
Segment Reporting Information [Line Items]
Revenue	(166)		(94)		(294)		(201)
Pretax segment operating income	(56)		(56)		(49)		(115)
Corporate & other	(183)	[1]	(148)	[1]	(353)	[2]	(313)	[2]
Interest income	19	[3]	3	[3]	36	[4]	5	[4]
Interest expense	$ (124)	[5]	(121)	[5]	(237)	[6]	(241)	[6]
Charges and credits			$ 259	[7]	$ 36	[8]	$ 285	[8]
[1] Comprised principally of certain corporate expenses not allocated to the segments, stock-based compensation costs, amortization expense associated with certain intangible assets, certain centrally managed initiatives and other nonoperating items. Comprised principally of certain corporate expenses not allocated to the segments, stock-based compensation costs, amortization expense associated with certain intangible assets, certain centrally managed initiatives and other nonoperating items. Interest income excludes amounts that are included in the segments’ income ($- million in 2023; $ 16 million in 2022). Interest income excludes amounts that are included in the segments’ income ($- million in 2023; $ 28 million in 2022). Interest expense excludes amounts that are included in the segments’ income ($ 3 million in 2023; $ 3 million in 2022). Interest expense excludes amounts that are included in the segments’ income ($ 7 million in 2023; $ 6 million in 2022). See Note 2 – Charges and Credits . See Note 2 – Charges and Credits .

Segment Information - Schedul_2

Segment Information - Schedule of Segment Reporting Information, by Segment (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Segment Reporting Information [Line Items]
Interest expense	$ 127	$ 124	$ 244	$ 247
Operating Segments
Segment Reporting Information [Line Items]
Interest income		16		28
Interest expense	$ 3	$ 3	$ 7	$ 6

Segment Information - Revenue b

Segment Information - Revenue by Geographic Area (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Segment Reporting Information [Line Items]
Revenue	$ 8,099	$ 6,773	$ 15,835	$ 12,735
Operating Segments
Segment Reporting Information [Line Items]
Revenue	8,099	6,773	15,835	12,735
Operating Segments | North America
Segment Reporting Information [Line Items]
Revenue	1,746	1,537	3,443	2,819
Operating Segments | Latin America
Segment Reporting Information [Line Items]
Revenue	1,624	1,329	3,242	2,534
Operating Segments | Europe & Africa
Segment Reporting Information [Line Items]
Revenue	2,031	1,691	4,005	3,094
Operating Segments | Middle East & Asia
Segment Reporting Information [Line Items]
Revenue	2,642	2,168	5,035	4,192
Operating Segments | Other
Segment Reporting Information [Line Items]
Revenue	$ 56	$ 48	$ 110	$ 96

Segment Information - Summary o

Segment Information - Summary of North America and International Revenue Disaggregated by Segment (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Segment Reporting Information [Line Items]
Revenue	$ 8,099	$ 6,773	$ 15,835	$ 12,735
Digital Integration
Segment Reporting Information [Line Items]
Revenue	947	955	1,840	1,813
Reservoir Performance
Segment Reporting Information [Line Items]
Revenue	1,643	1,333	3,146	2,543
Well Construction
Segment Reporting Information [Line Items]
Revenue	3,362	2,686	6,623	5,083
Production Systems
Segment Reporting Information [Line Items]
Revenue	2,313	1,893	4,520	3,497
Eliminations & Other
Segment Reporting Information [Line Items]
Revenue	(166)	(94)	(294)	(201)
Operating Segments
Segment Reporting Information [Line Items]
Revenue	8,099	6,773	15,835	12,735
Operating Segments | Digital Integration
Segment Reporting Information [Line Items]
Revenue	947	955	1,840	1,813
Operating Segments | Reservoir Performance
Segment Reporting Information [Line Items]
Revenue	1,643	1,333	3,146	2,543
Operating Segments | Well Construction
Segment Reporting Information [Line Items]
Revenue	3,362	2,686	6,623	5,083
Operating Segments | Production Systems
Segment Reporting Information [Line Items]
Revenue	2,313	1,893	4,520	3,497
North America | Operating Segments
Segment Reporting Information [Line Items]
Revenue	1,746	1,537	3,443	2,819
North America | Operating Segments | Digital Integration
Segment Reporting Information [Line Items]
Revenue	234	327	485	552
North America | Operating Segments | Reservoir Performance
Segment Reporting Information [Line Items]
Revenue	130	111	250	214
North America | Operating Segments | Well Construction
Segment Reporting Information [Line Items]
Revenue	721	553	1,432	1,038
North America | Operating Segments | Production Systems
Segment Reporting Information [Line Items]
Revenue	679	550	1,305	1,023
North America | Operating Segments | Eliminations & Other
Segment Reporting Information [Line Items]
Revenue	(18)	(4)	(29)	(8)
International | Operating Segments
Segment Reporting Information [Line Items]
Revenue	6,297	5,188	12,282	9,820
International | Operating Segments | Digital Integration
Segment Reporting Information [Line Items]
Revenue	712	627	1,354	1,258
International | Operating Segments | Reservoir Performance
Segment Reporting Information [Line Items]
Revenue	1,512	1,222	2,892	2,326
International | Operating Segments | Well Construction
Segment Reporting Information [Line Items]
Revenue	2,582	2,083	5,075	3,948
International | Operating Segments | Production Systems
Segment Reporting Information [Line Items]
Revenue	1,628	1,341	3,202	2,468
International | Operating Segments | Eliminations & Other
Segment Reporting Information [Line Items]
Revenue	(137)	(85)	(241)	(180)
Other | Operating Segments
Segment Reporting Information [Line Items]
Revenue	56	48	110	96
Other | Operating Segments | Digital Integration
Segment Reporting Information [Line Items]
Revenue	1	1	1	3
Other | Operating Segments | Reservoir Performance
Segment Reporting Information [Line Items]
Revenue	1	0	4	3
Other | Operating Segments | Well Construction
Segment Reporting Information [Line Items]
Revenue	59	50	116	97
Other | Operating Segments | Production Systems
Segment Reporting Information [Line Items]
Revenue	6	2	13	6
Other | Operating Segments | Eliminations & Other
Segment Reporting Information [Line Items]
Revenue	$ (11)	$ (5)	$ (24)	$ (13)

Segment Information - Additiona

Segment Information - Additional Information (Detail) - USD ($) $ in Billions	6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Segment Reporting [Abstract]
Revenue in excess of billings	$ 0.3	$ 0.3
Total backlog	$ 3.2
Percentage of revenue expected to be recognized over next 12 months	55%
Billings and cash collections in excess of revenue	$ 1.3	$ 1.2