Schlumberger Limited (SLB) 10-Q 25 Oct 23 2023 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	9 Months Ended
	Sep. 30, 2023 shares
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
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	1,423,420,641
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		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenue
Total Revenue	$ 8,310	$ 7,477	$ 24,145	$ 20,213
Interest & other income	73	75	247	436
Expenses
Research & engineering	186	160	524	456
General & administrative	81	94	268	277
Interest	129	122	373	369
Income before taxes	1,395	1,134	3,849	2,924
Tax expense	259	215	722	514
Net income	1,136	919	3,127	2,410
Net income attributable to noncontrolling interests	13	12	36	33
Net income attributable to SLB	$ 1,123	$ 907	$ 3,091	$ 2,377
Basic income per share of SLB	$ 0.79	$ 0.64	$ 2.17	$ 1.68
Diluted income per share of SLB	$ 0.78	$ 0.63	$ 2.14	$ 1.65
Average shares outstanding:
Basic	1,424	1,418	1,424	1,414
Assuming dilution	1,442	1,439	1,442	1,436
Services
Revenue
Total Revenue	$ 5,719	$ 5,153	$ 16,616	$ 14,109
Expenses
Cost of services and sales	4,360	3,975	12,777	11,082
Product
Revenue
Total Revenue	2,591	2,324	7,529	6,104
Expenses
Cost of services and sales	$ 2,232	$ 2,067	$ 6,601	$ 5,541

CONSOLIDATED STATEMENT OF COMPR

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 1,136	$ 919	$ 3,127	$ 2,410
Currency translation adjustments
Unrealized net change arising during the period	(46)	(18)	(123)	92
Cash flow hedges
Net gain (loss) on cash flow hedges	24	45	96	(53)
Reclassification to net income of net realized (gain) loss	(2)	30	(16)	103
Pension and other postretirement benefit plans
Amortization to net income of net actuarial (gain) loss	(2)	16	(6)	46
Amortization to net income of net prior service credit	(6)	(6)	(17)	(17)
Income taxes on pension and other postretirement benefit plans	2	1	5	3
Comprehensive income	1,106	987	3,066	2,584
Comprehensive income attributable to noncontrolling interests	13	12	36	33
Comprehensive income attributable to SLB	$ 1,093	$ 975	$ 3,030	$ 2,551

CONSOLIDATED BALANCE SHEET

CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Current Assets
Cash	$ 2,488	$ 1,655
Short-term investments	1,247	1,239
Receivables less allowance for doubtful accounts (2023 - $347; 2022 - $340)	8,049	7,032
Inventories	4,305	3,999
Other current assets	949	1,078
Current assets total	17,038	15,003
Investments in Affiliated Companies	1,622	1,581
Fixed Assets less accumulated depreciation	6,875	6,607
Goodwill	13,111	12,982
Intangible Assets	2,912	2,992
Other Assets	4,255	3,970
Total Assets	45,813	43,135
Current Liabilities
Accounts payable and accrued liabilities	9,222	9,121
Estimated liability for taxes on income	935	1,002
Short-term borrowings and current portion of long-term debt	1,998	1,632
Dividends payable	373	263
Current Liabilities Total	12,528	12,018
Long-term Debt	11,147	10,594
Postretirement Benefits	166	165
Deferred Taxes	157	61
Other Liabilities	2,108	2,308
Total Liabilities	26,106	25,146
Equity
Common stock	11,182	11,837
Treasury stock	(621)	(1,016)
Retained earnings	12,742	10,719
Accumulated other comprehensive loss	(3,917)	(3,855)
SLB stockholders' equity	19,386	17,685
Noncontrolling interests	321	304
Total equity	19,707	17,989
Liabilities and stockholders equity	$ 45,813	$ 43,135

CONSOLIDATED BALANCE SHEET (Par

CONSOLIDATED BALANCE SHEET (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Allowance for doubtful accounts on receivable	$ 347	$ 340

CONSOLIDATED STATEMENT OF CASH

CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($) $ in Millions		9 Months Ended
		Sep. 30, 2023	Sep. 30, 2022
Cash flows from operating activities:
Net income		$ 3,127	$ 2,410
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]	1,703	1,598
Deferred taxes		94	3
Stock-based compensation expense		218	236
Earnings of equity method investments, less dividends received		(120)	(52)
Change in assets and liabilities:
Increase in receivables		(1,003)	(1,302)
Increase in inventories	[2]	(334)	(849)
Decrease (increase) in other current assets	[2]	107	(144)
Decrease (increase) in other assets	[2]	2	(40)
(Decrease) increase in accounts payable and accrued liabilities	[2]	(10)	475
(Decrease) increase in estimated liability for taxes on income	[2]	(113)	6
Decrease in other liabilities	[2]	(65)
Other	[2]	45	50
NET CASH PROVIDED BY OPERATING ACTIVITIES		3,615	2,106
Cash flows from investing activities:
Capital expenditures		(1,345)	(1,046)
APS investments		(391)	(420)
Exploration data costs capitalized		(121)	(77)
Business acquisitions and investments, net of cash acquired		(280)	(45)
Proceeds from sale of Liberty shares		137	513
Proceeds from sale of real estate			120
Purchase of short-term investments, net		(12)	(55)
Other		(251)	(106)
NET CASH USED IN INVESTING ACTIVITIES		(2,263)	(1,116)
Cash flows from financing activities:
Dividends paid		(961)	(600)
Proceeds from employee stock purchase plan		191	142
Proceeds from exercise of stock options		85	29
Stock repurchase program		(594)
Proceeds from issuance of long-term debt		992
Net decrease in short-term borrowings		(43)	(13)
Taxes paid on net settled stock-based compensation awards		(162)	(92)
Other		(11)	(4)
NET CASH USED IN FINANCING ACTIVITIES		(503)	(538)
Net increase in cash before translation effect		849	452
Translation effect on cash		(16)	(29)
Cash, beginning of period		1,655	1,757
Cash, end of period		$ 2,488	$ 2,180
[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	2,410			2,377		33
Currency translation adjustments	92				92
Changes in fair value of cash flow hedges	50				50
Pension and other postretirement benefit plans	32				32
Shares sold to optionees, less shares exchanged	29	(24)	53
Vesting of restricted stock, net of taxes withheld	(92)	(730)	638
Employee stock purchase plan	142	(222)	364
Stock-based compensation expense	236	236
Dividends declared	(672)			(672)
Dividends paid to noncontrolling interests	(4)					(4)
Other	2	(1)	2			1
Balance at Sep. 30, 2022	17,511	11,867	(1,176)	9,904	(3,396)	312
Balance at Jun. 30, 2022	16,625	11,981	(1,436)	9,244	(3,464)	300
Net income	919			907		12
Currency translation adjustments	(18)				(18)
Changes in fair value of cash flow hedges	75				75
Pension and other postretirement benefit plans	11				11
Shares sold to optionees, less shares exchanged	(7)	(72)	65
Vesting of restricted stock, net of taxes withheld	78	(118)	196
Stock-based compensation expense	76	76
Dividends declared	(248)			(248)
Other			(1)	1
Balance at Sep. 30, 2022	17,511	11,867	(1,176)	9,904	(3,396)	312
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	$ 3,127			3,091		36
Currency translation adjustments	(123)				(123)
Changes in fair value of cash flow hedges	80				80
Pension and other postretirement benefit plans	(18)				(18)
Shares sold to optionees, less shares exchanged	$ 85	$ (53)	$ 138
Shares sold to optionees, less shares exchanged, shares	2		2
Vesting of restricted stock, net of taxes withheld	$ (162)	(657)	$ 495
Vesting of restricted stock, shares	7		7
Employee stock purchase plan	$ 190	(162)	$ 352
Shares issued under employee stock purchase plan, shares	5		5
Stock repurchase program	$ (594)		$ (594)
Stock repurchase program, shares	(11)		(11)
Stock-based compensation expense	$ 218	218
Dividends declared	(1,068)			(1,068)
Dividends paid to noncontrolling interests	(20)					(20)
Other	3	(1)	$ 4		(1)	1
Balance at Sep. 30, 2023	$ 19,707	$ 11,182	$ (621)	12,742	(3,917)	321
Balance, shares at Sep. 30, 2023	1,423	1,434
Treasury shares, Balance at Sep. 30, 2023			(11)
Balance at Jun. 30, 2023	$ 18,934	$ 11,270	$ (750)	11,974	(3,886)	326
Net income	1,136			1,123		13
Currency translation adjustments	(46)				(46)
Changes in fair value of cash flow hedges	22				22
Pension and other postretirement benefit plans	(6)				(6)
Shares sold to optionees, less shares exchanged	47	(22)	69
Vesting of restricted stock, net of taxes withheld	(18)	(84)	66
Employee stock purchase plan	104	(39)	143
Stock repurchase program	(151)		(151)
Stock-based compensation expense	58	58
Dividends declared	(373)			(355)		(18)
Other		(1)	2		(1)
Balance at Sep. 30, 2023	$ 19,707	$ 11,182	$ (621)	$ 12,742	$ (3,917)	$ 321
Balance, shares at Sep. 30, 2023	1,423	1,434
Treasury shares, Balance at Sep. 30, 2023			(11)

CONSOLIDATED STATEMENT OF STO_2

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (Parenthetical) (Unaudited) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Retained Earnings
Dividends declared, per share	$ 0.25	$ 0.175	$ 0.75	$ 0.475

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 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 nine-month period ended September 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	9 Months Ended
	Sep. 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 pretax gain of $ 36 million ($ 28 million after-tax) which is classified in Interest & other income in the Consolidated Statement of Income. SLB did no t record any charges or credits during the third quarter of 2023. 2022 SLB recorded the following credits during the first nine 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	9 Months Ended
	Sep. 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 Third Quarter Basic $ 1,123 1,424 $ 0.79 $ 907 1,418 $ 0.64 Assumed exercise of stock options - 2 - - Unvested restricted stock - 16 - 21 Diluted $ 1,123 1,442 $ 0.78 $ 907 1,439 $ 0.63 2023 2022 Net Income Average Earnings per Net Income Average Earnings per Nine Months Basic $ 3,091 1,424 $ 2.17 $ 2,377 $ 1,414 $ 1.68 Assumed exercise of stock options - 2 - - Unvested restricted stock - 16 - 22 Diluted $ 3,091 1,442 $ 2.14 $ 2,377 $ 1,436 $ 1.65 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) Third Quarter Nine Months 2023 2022 2023 2022 Employee stock options 21 37 21 31

Inventories

Inventories	9 Months Ended
	Sep. 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) Sept. 30, Dec. 31, 2023 2022 Raw materials & field materials $ 2,316 $ 2,085 Work in progress 612 547 Finished goods 1,377 1,367 $ 4,305 $ 3,999

Fixed Assets

Fixed Assets	9 Months Ended
	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
Fixed Assets	5. Fixed Assets Fixed assets consist of the following: (Stated in millions) Sept. 30, Dec. 31, 2023 2022 Property, plant & equipment $ 28,946 $ 28,386 Less: Accumulated depreciation 22,071 21,779 $ 6,875 $ 6,607 Depreciation expense was as follows: (Stated in millions) 2023 2022 Third Quarter $ 365 $ 343 Nine Months $ 1,065 $ 1,021

Intangible Assets

Intangible Assets	9 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	6. Intangible Assets Intangible assets consist of the following : (Stated in millions) Sept. 30, 2023 Dec. 31, 2022 Gross Accumulated Net Book Gross Accumulated Net Book Book Value Amortization Value Book Value Amortization Value Customer relationships $ 1,708 $ 687 $ 1,021 $ 1,680 $ 631 $ 1,049 Technology/technical know-how 1,304 742 562 1,280 676 604 Tradenames 795 256 539 767 222 545 Other 1,727 937 790 1,657 863 794 $ 5,534 $ 2,622 $ 2,912 $ 5,384 $ 2,392 $ 2,992 Amortization expense was as follows: (Stated in millions) 2023 2022 Third Quarter $ 78 $ 76 Nine Months $ 231 $ 226 Based on the carrying value of intangible assets at September 30, 2023, amortization expense for the subsequent five years is estimated to be: fourth quarter of 2023—$ 79 million; 2024—$ 301 million; 2025—$ 278 million; 2026—$ 272 million; 2027—$ 269 million; and 2028—$ 248 million.

Long-term Debt

Long-term Debt	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Long-term Debt	7. Long-term Debt Long-term Debt consists of the following: (Stated in millions) Sept. 30, Dec. 31, 2023 2022 3.90 % Senior Notes due 2028 $ 1,470 $ 1,464 2.65 % Senior Notes due 2030 1,250 1,250 1.375 % Guaranteed Notes due 2026 1,054 1,061 2.00 % Guaranteed Notes due 2032 1,047 1,055 0.25 % Notes due 2027 948 955 0.50 % Notes due 2031 947 954 4.30 % Senior Notes due 2029 847 847 1.00 % Guaranteed Notes due 2026 631 635 0.00 % Notes due 2024 528 531 4.00 % Senior Notes due 2025 523 522 1.40 % Senior Notes due 2025 499 499 4.50 % Senior Notes due 2028 497 - 4.85 % Senior Notes due 2033 496 - 7.00 % Notes due 2038 200 202 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 $ 11,147 $ 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 September 30, 2023 and December 31, 2022, was $ 10.0 billion and $ 9.4 billion, respectively. At September 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 September 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 u nder the commercial paper programs at September 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	9 Months Ended
	Sep. 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). SLB is exposed to risks on future cash flows relating to 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 in 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 September 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) Sept. 30, 2023 Dec. 31, 2022 Other Assets $ 12 $ 1 Other Liabilities $ 241 $ 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 fourth quarter of 2023 and the first half of 2024; approximately 50 % for the third quarter of 2024; and 25 % for the fourth quarter 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 $ 2.3 billion and $ 2.1 billion in various foreign currencies as of September 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 September 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 Third Quarter Nine Months 2023 2022 2023 2022 Consolidated Statement of Income Classification Derivatives designated as cash flow hedges: Cross-currency interest rate swaps $ ( 159 ) $ ( 362 ) $ ( 27 ) $ ( 653 ) Cost of services/sales Cross-currency interest rate swaps ( 22 ) - ( 66 ) - Interest expense Commodity contracts ( 5 ) ( 20 ) 2 ( 85 ) Revenue Foreign exchange contracts 7 ( 10 ) 14 ( 17 ) Cost of services/sales $ ( 179 ) $ ( 392 ) $ ( 77 ) $ ( 755 ) Derivatives not designated as hedges: Foreign exchange contracts $ 5 $ 8 $ ( 21 ) $ ( 30 ) Cost of services/sales

Contingencies

Contingencies	9 Months Ended
	Sep. 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	9 Months Ended
	Sep. 30, 2023
Segment Reporting [Abstract]
Segment Information	10. Segment Information (Stated in millions) Third Quarter 2023 Third Quarter 2022 Income Income Revenue Before Taxes Revenue Before Taxes Digital & Integration $ 982 $ 314 $ 900 $ 305 Reservoir Performance 1,680 344 1,456 244 Well Construction 3,430 759 3,084 664 Production Systems 2,367 319 2,150 224 Eliminations & other ( 149 ) ( 53 ) ( 113 ) ( 37 ) Pretax segment operating income 1,683 1,400 Corporate & other (1) ( 182 ) ( 155 ) Interest income (2) 20 8 Interest expense (3) ( 126 ) ( 119 ) $ 8,310 $ 1,395 $ 7,477 $ 1,134 (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 ($ 2 million in 2023; $ 25 million in 2022). (3) Interest expense excludes amounts that are included in the segments’ income ($ 3 million in 2023; $ 3 million in 2022). (Stated in millions) Nine Months 2023 Nine Months 2022 Income Income Revenue Before Taxes Revenue Before Taxes Digital & Integration $ 2,822 $ 901 $ 2,713 $ 976 Reservoir Performance 4,826 892 3,999 598 Well Construction 10,052 2,162 8,168 1,522 Production Systems 6,888 802 5,647 509 Eliminations & other ( 443 ) ( 102 ) ( 314 ) ( 151 ) Pretax segment operating income 4,655 3,454 Corporate & other (1) ( 536 ) ( 468 ) Interest income (2) 57 13 Interest expense (3) ( 363 ) ( 360 ) Charges and credits (4) 36 285 $ 24,145 $ 3,849 $ 20,213 $ 2,924 (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 ($ 2 million in 2023; $ 53 million in 2022). (3) Interest expense excludes amounts that are included in the segments’ income ($ 10 million in 2023; $ 9 million in 2022). (4) See Note 2 – Charges and Credits . Revenue by geographic area was as follows: (Stated in millions) Third Quarter Nine Months 2023 2022 2023 2022 North America $ 1,643 $ 1,543 $ 5,086 $ 4,362 Latin America 1,681 1,508 4,923 4,042 Europe & Africa (1) 2,091 2,039 6,095 5,134 Middle East & Asia 2,842 2,334 7,877 6,525 Other 53 53 164 150 $ 8,310 $ 7,477 $ 24,145 $ 20,213 (1) Includes Russia and the Caspian region. North America and International revenue disaggregated by segment was as follows: (Stated in millions) Third Quarter 2023 North America International Other Total Digital & Integration $ 242 $ 737 $ 3 $ 982 Reservoir Performance 125 1,554 1 1,680 Well Construction 663 2,707 60 3,430 Production Systems 626 1,740 1 2,367 Eliminations & other ( 13 ) ( 124 ) ( 12 ) ( 149 ) $ 1,643 $ 6,614 $ 53 $ 8,310 Third Quarter 2022 North America International Other Total Digital & Integration $ 229 $ 671 $ - $ 900 Reservoir Performance 119 1,335 2 1,456 Well Construction 621 2,406 57 3,084 Production Systems 578 1,569 3 2,150 Eliminations & other ( 4 ) ( 100 ) ( 9 ) ( 113 ) $ 1,543 $ 5,881 $ 53 $ 7,477 Nine Months 2023 North America International Other Total Digital & Integration $ 727 $ 2,091 $ 4 $ 2,822 Reservoir Performance 375 4,446 5 4,826 Well Construction 2,095 7,782 175 10,052 Production Systems 1,931 4,943 14 6,888 Eliminations & other ( 42 ) ( 367 ) ( 34 ) ( 443 ) $ 5,086 $ 18,895 $ 164 $ 24,145 Nine Months 2022 North America International Other Total Digital & Integration $ 781 $ 1,928 $ 4 $ 2,713 Reservoir Performance 333 3,661 5 3,999 Well Construction 1,659 6,354 155 8,168 Production Systems 1,601 4,037 9 5,647 Eliminations & other ( 12 ) ( 279 ) ( 23 ) ( 314 ) $ 4,362 $ 15,701 $ 150 $ 20,213 Revenue in excess of billings related to contracts where revenue is recognized over time was $ 0.2 billion at September 30, 2023 and $ 0.3 billion at 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 September 30, 2023, of which approximately 60 % is expected to be recognized as revenue over the next 12 months. Billings and cash collections in excess of revenue was $ 1.3 b illion at September 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)	9 Months Ended
	Sep. 30, 2023
Restructuring and Related Activities [Abstract]
Summary of Charges and Credits	SLB recorded the following credits during the first nine 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)	9 Months Ended
	Sep. 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 Third Quarter Basic $ 1,123 1,424 $ 0.79 $ 907 1,418 $ 0.64 Assumed exercise of stock options - 2 - - Unvested restricted stock - 16 - 21 Diluted $ 1,123 1,442 $ 0.78 $ 907 1,439 $ 0.63 2023 2022 Net Income Average Earnings per Net Income Average Earnings per Nine Months Basic $ 3,091 1,424 $ 2.17 $ 2,377 $ 1,414 $ 1.68 Assumed exercise of stock options - 2 - - Unvested restricted stock - 16 - 22 Diluted $ 3,091 1,442 $ 2.14 $ 2,377 $ 1,436 $ 1.65
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) Third Quarter Nine Months 2023 2022 2023 2022 Employee stock options 21 37 21 31

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 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) Sept. 30, Dec. 31, 2023 2022 Raw materials & field materials $ 2,316 $ 2,085 Work in progress 612 547 Finished goods 1,377 1,367 $ 4,305 $ 3,999

Fixed Assets (Tables)

Fixed Assets (Tables)	9 Months Ended
	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
Summary of Fixed Assets	Fixed assets consist of the following: (Stated in millions) Sept. 30, Dec. 31, 2023 2022 Property, plant & equipment $ 28,946 $ 28,386 Less: Accumulated depreciation 22,071 21,779 $ 6,875 $ 6,607
Summary of Depreciation Expense	Depreciation expense was as follows: (Stated in millions) 2023 2022 Third Quarter $ 365 $ 343 Nine Months $ 1,065 $ 1,021

Intangible Assets (Tables)

Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets by Major Class	: (Stated in millions) Sept. 30, 2023 Dec. 31, 2022 Gross Accumulated Net Book Gross Accumulated Net Book Book Value Amortization Value Book Value Amortization Value Customer relationships $ 1,708 $ 687 $ 1,021 $ 1,680 $ 631 $ 1,049 Technology/technical know-how 1,304 742 562 1,280 676 604 Tradenames 795 256 539 767 222 545 Other 1,727 937 790 1,657 863 794 $ 5,534 $ 2,622 $ 2,912 $ 5,384 $ 2,392 $ 2,992
Summary of Amortization Expense	Amortization expense was as follows: (Stated in millions) 2023 2022 Third Quarter $ 78 $ 76 Nine Months $ 231 $ 226

Long-term Debt (Tables)

Long-term Debt (Tables)	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Summary of Long-term Debt	Long-term Debt consists of the following: (Stated in millions) Sept. 30, Dec. 31, 2023 2022 3.90 % Senior Notes due 2028 $ 1,470 $ 1,464 2.65 % Senior Notes due 2030 1,250 1,250 1.375 % Guaranteed Notes due 2026 1,054 1,061 2.00 % Guaranteed Notes due 2032 1,047 1,055 0.25 % Notes due 2027 948 955 0.50 % Notes due 2031 947 954 4.30 % Senior Notes due 2029 847 847 1.00 % Guaranteed Notes due 2026 631 635 0.00 % Notes due 2024 528 531 4.00 % Senior Notes due 2025 523 522 1.40 % Senior Notes due 2025 499 499 4.50 % Senior Notes due 2028 497 - 4.85 % Senior Notes due 2033 496 - 7.00 % Notes due 2038 200 202 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 $ 11,147 $ 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)	9 Months Ended
	Sep. 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) Sept. 30, 2023 Dec. 31, 2022 Other Assets $ 12 $ 1 Other Liabilities $ 241 $ 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 Third Quarter Nine Months 2023 2022 2023 2022 Consolidated Statement of Income Classification Derivatives designated as cash flow hedges: Cross-currency interest rate swaps $ ( 159 ) $ ( 362 ) $ ( 27 ) $ ( 653 ) Cost of services/sales Cross-currency interest rate swaps ( 22 ) - ( 66 ) - Interest expense Commodity contracts ( 5 ) ( 20 ) 2 ( 85 ) Revenue Foreign exchange contracts 7 ( 10 ) 14 ( 17 ) Cost of services/sales $ ( 179 ) $ ( 392 ) $ ( 77 ) $ ( 755 ) Derivatives not designated as hedges: Foreign exchange contracts $ 5 $ 8 $ ( 21 ) $ ( 30 ) Cost of services/sales

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2023
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	(Stated in millions) Third Quarter 2023 Third Quarter 2022 Income Income Revenue Before Taxes Revenue Before Taxes Digital & Integration $ 982 $ 314 $ 900 $ 305 Reservoir Performance 1,680 344 1,456 244 Well Construction 3,430 759 3,084 664 Production Systems 2,367 319 2,150 224 Eliminations & other ( 149 ) ( 53 ) ( 113 ) ( 37 ) Pretax segment operating income 1,683 1,400 Corporate & other (1) ( 182 ) ( 155 ) Interest income (2) 20 8 Interest expense (3) ( 126 ) ( 119 ) $ 8,310 $ 1,395 $ 7,477 $ 1,134 (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 ($ 2 million in 2023; $ 25 million in 2022). (3) Interest expense excludes amounts that are included in the segments’ income ($ 3 million in 2023; $ 3 million in 2022). (Stated in millions) Nine Months 2023 Nine Months 2022 Income Income Revenue Before Taxes Revenue Before Taxes Digital & Integration $ 2,822 $ 901 $ 2,713 $ 976 Reservoir Performance 4,826 892 3,999 598 Well Construction 10,052 2,162 8,168 1,522 Production Systems 6,888 802 5,647 509 Eliminations & other ( 443 ) ( 102 ) ( 314 ) ( 151 ) Pretax segment operating income 4,655 3,454 Corporate & other (1) ( 536 ) ( 468 ) Interest income (2) 57 13 Interest expense (3) ( 363 ) ( 360 ) Charges and credits (4) 36 285 $ 24,145 $ 3,849 $ 20,213 $ 2,924 (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 ($ 2 million in 2023; $ 53 million in 2022). (3) Interest expense excludes amounts that are included in the segments’ income ($ 10 million in 2023; $ 9 million in 2022). (4) See Note 2 – Charges and Credits .
Revenue by Geographic Area	Revenue by geographic area was as follows: (Stated in millions) Third Quarter Nine Months 2023 2022 2023 2022 North America $ 1,643 $ 1,543 $ 5,086 $ 4,362 Latin America 1,681 1,508 4,923 4,042 Europe & Africa (1) 2,091 2,039 6,095 5,134 Middle East & Asia 2,842 2,334 7,877 6,525 Other 53 53 164 150 $ 8,310 $ 7,477 $ 24,145 $ 20,213 (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) Third Quarter 2023 North America International Other Total Digital & Integration $ 242 $ 737 $ 3 $ 982 Reservoir Performance 125 1,554 1 1,680 Well Construction 663 2,707 60 3,430 Production Systems 626 1,740 1 2,367 Eliminations & other ( 13 ) ( 124 ) ( 12 ) ( 149 ) $ 1,643 $ 6,614 $ 53 $ 8,310 Third Quarter 2022 North America International Other Total Digital & Integration $ 229 $ 671 $ - $ 900 Reservoir Performance 119 1,335 2 1,456 Well Construction 621 2,406 57 3,084 Production Systems 578 1,569 3 2,150 Eliminations & other ( 4 ) ( 100 ) ( 9 ) ( 113 ) $ 1,543 $ 5,881 $ 53 $ 7,477 Nine Months 2023 North America International Other Total Digital & Integration $ 727 $ 2,091 $ 4 $ 2,822 Reservoir Performance 375 4,446 5 4,826 Well Construction 2,095 7,782 175 10,052 Production Systems 1,931 4,943 14 6,888 Eliminations & other ( 42 ) ( 367 ) ( 34 ) ( 443 ) $ 5,086 $ 18,895 $ 164 $ 24,145 Nine Months 2022 North America International Other Total Digital & Integration $ 781 $ 1,928 $ 4 $ 2,713 Reservoir Performance 333 3,661 5 3,999 Well Construction 1,659 6,354 155 8,168 Production Systems 1,601 4,037 9 5,647 Eliminations & other ( 12 ) ( 279 ) ( 23 ) ( 314 ) $ 4,362 $ 15,701 $ 150 $ 20,213

Charges and Credits - Summary o

Charges and Credits - Summary of Charges and Credits (Detail) - USD ($)	3 Months Ended			9 Months Ended
	Sep. 30, 2023	Jun. 30, 2022	Mar. 31, 2022	Sep. 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				9 Months Ended
	Sep. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022	Sep. 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		28,000,000	$ 216,000,000	$ 26,000,000
Pretax gain on sale of business		$ 36,000,000

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		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Net Income Attributable to Schlumberger
Basic	$ 1,123	$ 907	$ 3,091	$ 2,377
Diluted	$ 1,123	$ 907	$ 3,091	$ 2,377
Average Shares Outstanding
Basic	1,424	1,418	1,424	1,414
Assumed exercise of stock options	2		2
Unvested restricted stock	16	21	16	22
Diluted	1,442	1,439	1,442	1,436
Earnings per Share
Basic	$ 0.79	$ 0.64	$ 2.17	$ 1.68
Diluted	$ 0.78	$ 0.63	$ 2.14	$ 1.65

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		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 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	21	37	21	31

Inventories - Summary of Invent

Inventories - Summary of Inventory (Detail) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
Raw materials & field materials	$ 2,316	$ 2,085
Work in progress	612	547
Finished goods	1,377	1,367
Inventories	$ 4,305	$ 3,999

Fixed Assets - Summary of Fixed

Fixed Assets - Summary of Fixed Assets (Detail) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Property, plant & equipment	$ 28,946	$ 28,386
Less: Accumulated depreciation	22,071	21,779
Fixed assets less accumulated depreciation	$ 6,875	$ 6,607

Fixed Assets - Summary of Depre

Fixed Assets - Summary of Depreciation Expense (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 365	$ 343	$ 1,065	$ 1,021

Intangible Assets - Schedule of

Intangible Assets - Schedule of Intangible Assets by Major Class (Detail) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Finite Lived Intangible Assets [Line Items]
Gross Book Value	$ 5,534	$ 5,384
Accumulated Amortization	2,622	2,392
Net Book Value	2,912	2,992
Customer Relationships
Finite Lived Intangible Assets [Line Items]
Gross Book Value	1,708	1,680
Accumulated Amortization	687	631
Net Book Value	1,021	1,049
Technology/Technical Know-How
Finite Lived Intangible Assets [Line Items]
Gross Book Value	1,304	1,280
Accumulated Amortization	742	676
Net Book Value	562	604
Tradenames
Finite Lived Intangible Assets [Line Items]
Gross Book Value	795	767
Accumulated Amortization	256	222
Net Book Value	539	545
Other
Finite Lived Intangible Assets [Line Items]
Gross Book Value	1,727	1,657
Accumulated Amortization	937	863
Net Book Value	$ 790	$ 794

Intangible Assets - Summary of

Intangible Assets - Summary of Amortization Expense (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 78	$ 76	$ 231	$ 226

Intangible Assets - Additional

Intangible Assets - Additional Information (Detail) $ in Millions	Sep. 30, 2023 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Estimated amortization expense, fourth quarters of 2023	$ 79
Estimated amortization expense, 2024	301
Estimated amortization expense, 2025	278
Estimated amortization expense, 2026	272
Estimated amortization expense, 2027	269
Estimated amortization expense, 2028	$ 248

Long-term Debt - Summary of Lon

Long-term Debt - Summary of Long-term Debt (Detail) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Long-term debt, carrying amount	$ 11,147	$ 10,594
3.90% Senior Notes due 2028
Debt Instrument [Line Items]
Long-term debt, carrying amount	1,470	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	1,054	1,061
2.00% Guaranteed Notes due 2032
Debt Instrument [Line Items]
Long-term debt, carrying amount	1,047	1,055
0.25% Notes due 2027
Debt Instrument [Line Items]
Long-term debt, carrying amount	948	955
0.50% Notes due 2031
Debt Instrument [Line Items]
Long-term debt, carrying amount	947	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	631	635
0.00% Notes due 2024
Debt Instrument [Line Items]
Long-term debt, carrying amount	528	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	497
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	200	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	9 Months Ended	12 Months Ended
	Jun. 30, 2023	Sep. 30, 2023	Dec. 31, 2022
3.90% Senior Notes due 2028
Debt Instrument [Line Items]
Debt instrument interest rate		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%
Debt instrument maturity date		2030	2030
1.375% Guaranteed Notes due 2026
Debt Instrument [Line Items]
Debt instrument interest rate		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%
Debt instrument maturity date		2032	2032
0.25% Notes due 2027
Debt Instrument [Line Items]
Debt instrument interest rate		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%
Debt instrument maturity date		2031	2031
4.30% Senior Notes due 2029
Debt Instrument [Line Items]
Debt instrument interest rate		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%
Debt instrument maturity date		2026	2026
0.00% Notes due 2024
Debt Instrument [Line Items]
Debt instrument interest rate		0%	0%
Debt instrument maturity date		2024	2024
4.00% Senior Notes due 2025
Debt Instrument [Line Items]
Debt instrument interest rate		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%
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%
Debt instrument maturity date		2038	2038
5.95% Notes due 2041
Debt Instrument [Line Items]
Debt instrument interest rate		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%
Debt instrument maturity date		2043	2043
3.75% Senior Notes due 2024
Debt Instrument [Line Items]
Debt instrument interest rate		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%
Debt instrument maturity date		2024	2024

Long-term Debt - Additional Inf

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

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities - Additional Information (Detail) € in Billions	3 Months Ended			6 Months Ended
	Dec. 31, 2024	Sep. 30, 2024	Dec. 31, 2023	Jun. 30, 2024	Sep. 30, 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	25%	50%	75%	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 | $					$ 2,300,000,000	$ 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	Sep. 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	$ 12	$ 1
Derivative liability	$ 241	$ 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		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Derivatives designated as hedges
Derivative Instruments Gain Loss [Line Items]
Gain (Loss) Recognized in Income	$ (179)	$ (392)	$ (77)	$ (755)
Derivatives designated as hedges | Cross currency interest rate swaps
Derivative Instruments Gain Loss [Line Items]
Gain (Loss) Recognized in Income	$ (159)	$ (362)	$ (27)	$ (653)
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)		$ (66)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Interest		Interest
Derivatives designated as hedges | Commodity contracts
Derivative Instruments Gain Loss [Line Items]
Gain (Loss) Recognized in Income	$ (5)	$ (20)	$ 2	$ (85)
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	$ 7	$ (10)	$ 14	$ (17)
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	$ 5	$ 8	$ (21)	$ (30)
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				9 Months Ended
		Sep. 30, 2023		Sep. 30, 2022		Sep. 30, 2023		Sep. 30, 2022
Segment Reporting Information [Line Items]
Revenue		$ 8,310		$ 7,477		$ 24,145		$ 20,213
Pretax segment operating income		1,683		1,400		4,655		3,454
Interest expense		129		122		373		369
Income Before Taxes		1,395		1,134		3,849		2,924
Digital Integration
Segment Reporting Information [Line Items]
Revenue		982		900		2,822		2,713
Reservoir Performance
Segment Reporting Information [Line Items]
Revenue		1,680		1,456		4,826		3,999
Well Construction
Segment Reporting Information [Line Items]
Revenue		3,430		3,084		10,052		8,168
Production Systems
Segment Reporting Information [Line Items]
Revenue		2,367		2,150		6,888		5,647
Eliminations & Other
Segment Reporting Information [Line Items]
Revenue		(149)		(113)		(443)		(314)
Operating Segments
Segment Reporting Information [Line Items]
Revenue		8,310		7,477		24,145		20,213
Interest income		2		25		2		53
Interest expense		3		3		10		9
Operating Segments | Digital Integration
Segment Reporting Information [Line Items]
Revenue		982		900		2,822		2,713
Pretax segment operating income		314		305		901		976
Operating Segments | Reservoir Performance
Segment Reporting Information [Line Items]
Revenue		1,680		1,456		4,826		3,999
Pretax segment operating income		344		244		892		598
Operating Segments | Well Construction
Segment Reporting Information [Line Items]
Revenue		3,430		3,084		10,052		8,168
Pretax segment operating income		759		664		2,162		1,522
Operating Segments | Production Systems
Segment Reporting Information [Line Items]
Revenue		2,367		2,150		6,888		5,647
Pretax segment operating income		319		224		802		509
Operating Segments | Eliminations & Other
Segment Reporting Information [Line Items]
Revenue		(149)		(113)		(443)		(314)
Pretax segment operating income		(53)		(37)		(102)		(151)
Eliminations & other
Segment Reporting Information [Line Items]
Corporate & other		(182)	[1]	(155)	[1]	(536)	[2]	(468)	[2]
Interest income		20	[3]	8	[3]	57	[4]	13	[4]
Interest expense		$ (126)	[5]	$ (119)	[5]	(363)	[6]	(360)	[6]
Charges and credits	[7]					$ 36		$ 285
[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 ($ 2 million in 2023; $ 25 million in 2022). Interest income excludes amounts that are included in the segments’ income ($ 2 million in 2023; $ 53 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 ($ 10 million in 2023; $ 9 million in 2022). 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		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting Information [Line Items]
Interest expense	$ 129	$ 122	$ 373	$ 369
Operating Segments
Segment Reporting Information [Line Items]
Interest income	2	25	2	53
Interest expense	$ 3	$ 3	$ 10	$ 9

Segment Information - Revenue b

Segment Information - Revenue by Geographic Area (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting Information [Line Items]
Revenue	$ 8,310	$ 7,477	$ 24,145	$ 20,213
Operating Segments
Segment Reporting Information [Line Items]
Revenue	8,310	7,477	24,145	20,213
Operating Segments | North America
Segment Reporting Information [Line Items]
Revenue	1,643	1,543	5,086	4,362
Operating Segments | Latin America
Segment Reporting Information [Line Items]
Revenue	1,681	1,508	4,923	4,042
Operating Segments | Europe & Africa
Segment Reporting Information [Line Items]
Revenue	2,091	2,039	6,095	5,134
Operating Segments | Middle East & Asia
Segment Reporting Information [Line Items]
Revenue	2,842	2,334	7,877	6,525
Operating Segments | Other
Segment Reporting Information [Line Items]
Revenue	$ 53	$ 53	$ 164	$ 150

Segment Information - Summary o

Segment Information - Summary of North America and International Revenue Disaggregated by Segment (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting Information [Line Items]
Revenue	$ 8,310	$ 7,477	$ 24,145	$ 20,213
Digital Integration
Segment Reporting Information [Line Items]
Revenue	982	900	2,822	2,713
Reservoir Performance
Segment Reporting Information [Line Items]
Revenue	1,680	1,456	4,826	3,999
Well Construction
Segment Reporting Information [Line Items]
Revenue	3,430	3,084	10,052	8,168
Production Systems
Segment Reporting Information [Line Items]
Revenue	2,367	2,150	6,888	5,647
Eliminations & Other
Segment Reporting Information [Line Items]
Revenue	(149)	(113)	(443)	(314)
Operating Segments
Segment Reporting Information [Line Items]
Revenue	8,310	7,477	24,145	20,213
Operating Segments | Digital Integration
Segment Reporting Information [Line Items]
Revenue	982	900	2,822	2,713
Operating Segments | Reservoir Performance
Segment Reporting Information [Line Items]
Revenue	1,680	1,456	4,826	3,999
Operating Segments | Well Construction
Segment Reporting Information [Line Items]
Revenue	3,430	3,084	10,052	8,168
Operating Segments | Production Systems
Segment Reporting Information [Line Items]
Revenue	2,367	2,150	6,888	5,647
Operating Segments | Eliminations & Other
Segment Reporting Information [Line Items]
Revenue	(149)	(113)	(443)	(314)
North America | Operating Segments
Segment Reporting Information [Line Items]
Revenue	1,643	1,543	5,086	4,362
North America | Operating Segments | Digital Integration
Segment Reporting Information [Line Items]
Revenue	242	229	727	781
North America | Operating Segments | Reservoir Performance
Segment Reporting Information [Line Items]
Revenue	125	119	375	333
North America | Operating Segments | Well Construction
Segment Reporting Information [Line Items]
Revenue	663	621	2,095	1,659
North America | Operating Segments | Production Systems
Segment Reporting Information [Line Items]
Revenue	626	578	1,931	1,601
North America | Operating Segments | Eliminations & Other
Segment Reporting Information [Line Items]
Revenue	(13)	(4)	(42)	(12)
International | Operating Segments
Segment Reporting Information [Line Items]
Revenue	6,614	5,881	18,895	15,701
International | Operating Segments | Digital Integration
Segment Reporting Information [Line Items]
Revenue	737	671	2,091	1,928
International | Operating Segments | Reservoir Performance
Segment Reporting Information [Line Items]
Revenue	1,554	1,335	4,446	3,661
International | Operating Segments | Well Construction
Segment Reporting Information [Line Items]
Revenue	2,707	2,406	7,782	6,354
International | Operating Segments | Production Systems
Segment Reporting Information [Line Items]
Revenue	1,740	1,569	4,943	4,037
International | Operating Segments | Eliminations & Other
Segment Reporting Information [Line Items]
Revenue	(124)	(100)	(367)	(279)
Other | Operating Segments
Segment Reporting Information [Line Items]
Revenue	53	53	164	150
Other | Operating Segments | Digital Integration
Segment Reporting Information [Line Items]
Revenue	3	0	4	4
Other | Operating Segments | Reservoir Performance
Segment Reporting Information [Line Items]
Revenue	1	2	5	5
Other | Operating Segments | Well Construction
Segment Reporting Information [Line Items]
Revenue	60	57	175	155
Other | Operating Segments | Production Systems
Segment Reporting Information [Line Items]
Revenue	1	3	14	9
Other | Operating Segments | Eliminations & Other
Segment Reporting Information [Line Items]
Revenue	$ (12)	$ (9)	$ (34)	$ (23)

Segment Information - Additiona

Segment Information - Additional Information (Detail) - USD ($) $ in Billions	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Segment Reporting [Abstract]
Revenue in excess of billings	$ 0.2	$ 0.3
Total backlog	$ 3.2
Percentage of revenue expected to be recognized over next 12 months	60%
Billings and cash collections in excess of revenue	$ 1.3	$ 1.2