Schlumberger Limited (SLB) 10-Q 24 Apr 24 2024 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	3 Months Ended
	Mar. 31, 2024 shares
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
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	1,429,337,724
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
	Mar. 31, 2024	Mar. 31, 2023
Revenue
Total Revenue	$ 8,707	$ 7,736
Interest & other income	84	92
Expenses
Research & engineering	182	174
General & administrative	121	91
Merger & integration	11
Interest	113	117
Income before taxes	1,357	1,161
Tax expense	259	217
Net income	1,098	944
Net income attributable to noncontrolling interests	30	10
Net income attributable to SLB	$ 1,068	$ 934
Basic income per share of SLB	$ 0.75	$ 0.65
Diluted income per share of SLB	$ 0.74	$ 0.65
Average shares outstanding:
Basic	1,431	1,426
Assuming dilution	1,447	1,446
Services
Revenue
Total Revenue	$ 5,676	$ 5,334
Expenses
Cost of services and sales	4,415	4,129
Product
Revenue
Total Revenue	3,031	2,402
Expenses
Cost of services and sales	$ 2,592	$ 2,156

CONSOLIDATED STATEMENT OF COMPR

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 1,098	$ 944
Currency translation adjustments
Unrealized net change arising during the period	23	(34)
Cash flow hedges
Net loss on cash flow hedges	(17)	(33)
Reclassification to net income of net realized gain	(1)	(5)
Pension and other postretirement benefit plans
Amortization to net income of net actuarial gain		(2)
Amortization to net income of net prior service credit	(6)	(6)
Income taxes on pension and other postretirement benefit plans	1	2
Other	5
Comprehensive income	1,103	866
Comprehensive income attributable to noncontrolling interests	30	10
Comprehensive income attributable to SLB	$ 1,073	$ 856

CONSOLIDATED BALANCE SHEET

CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Current Assets
Cash	$ 2,788	$ 2,900
Short-term investments	703	1,089
Receivables less allowance for doubtful accounts (2024 - $333; 2023 - $337)	8,222	7,812
Inventories	4,549	4,387
Other current assets	1,438	1,530
Current assets total	17,700	17,718
Investments in Affiliated Companies	1,606	1,624
Fixed Assets less accumulated depreciation	7,253	7,240
Goodwill	14,086	14,084
Intangible Assets	3,167	3,239
Other Assets	4,044	4,052
Total Assets	47,856	47,957
Current Liabilities
Accounts payable and accrued liabilities	10,051	10,904
Estimated liability for taxes on income	987	994
Short-term borrowings and current portion of long-term debt	1,430	1,123
Dividends payable	411	374
Current Liabilities Total	12,879	13,395
Long-term Debt	10,740	10,842
Postretirement Benefits	177	175
Deferred Taxes	115	140
Other Liabilities	2,022	2,046
Total Liabilities	25,933	26,598
Equity
Common stock	11,344	11,624
Treasury stock	(531)	(678)
Retained earnings	14,172	13,497
Accumulated other comprehensive loss	(4,249)	(4,254)
SLB stockholders' equity	20,736	20,189
Noncontrolling interests	1,187	1,170
Total equity	21,923	21,359
Liabilities and stockholders equity	$ 47,856	$ 47,957

CONSOLIDATED BALANCE SHEET (Par

CONSOLIDATED BALANCE SHEET (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Allowance for doubtful accounts on receivable	$ 333	$ 337

CONSOLIDATED STATEMENT OF CASH

CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2024	Mar. 31, 2023
Cash flows from operating activities:
Net income		$ 1,098	$ 944
Adjustments to reconcile net income to net cash provided by operating activities:
Charges and credits		25	(36)
Depreciation and amortization	[1]	600	563
Deferred taxes		(30)	112
Stock-based compensation expense		100	81
Earnings of equity method investments, less dividends received		(16)	(32)
Change in assets and liabilities:
Increase in receivables	[2]	(429)	(509)
Increase in inventories	[2]	(172)	(288)
Decrease in other current assets	[2]	46	54
Decrease (increase) in other assets	[2]	7	(10)
Decrease in accounts payable and accrued liabilities	[2]	(885)	(473)
Decrease in estimated liability for taxes on income	[2]	(46)	(84)
Other	[2]	29	8
NET CASH PROVIDED BY OPERATING ACTIVITIES		327	330
Cash flows from investing activities:
Capital expenditures		(399)	(410)
APS investments		(121)	(133)
Exploration data costs capitalized		(29)	(52)
Business acquisitions and investments, net of cash acquired		(27)	(244)
Proceeds from sale of Liberty shares			137
Sale of short-term investments, net		390	236
Other		35	(81)
NET CASH USED IN INVESTING ACTIVITIES		(151)	(547)
Cash flows from financing activities:
Dividends paid		(357)	(249)
Proceeds from employee stock purchase plan		100	86
Proceeds from exercise of stock options		15	35
Taxes paid on net settled stock-based compensation awards		(78)	(88)
Stock repurchase program		(270)	(230)
Proceeds from issuance of long-term debt		345	559
Net decrease in short-term borrowings		(9)	(50)
Other		(13)	(1)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES		(267)	62
Net increase in cash before translation effect		(91)	(155)
Translation effect on cash		(21)	1
Cash, beginning of period		2,900	1,655
Cash, end of period		$ 2,788	$ 1,501
[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, 2022	$ 17,989	$ 11,837	$ (1,016)	$ 10,719	$ (3,855)	$ 304
Net income	944			934		10
Currency translation adjustments	(34)				(34)
Changes in fair value of cash flow hedges	(38)				(38)
Pension and other postretirement benefit plans	(6)				(6)
Shares sold to optionees, less shares exchanged	35	(28)	63
Vesting of restricted stock, net of taxes withheld	(88)	(503)	415
Employee stock purchase plan	86	(123)	209
Stock repurchase program	(230)		(230)
Stock-based compensation expense	81	81
Dividends declared	(357)			(357)
Dividends paid to noncontrolling interests	(2)					(2)
Balance at Mar. 31, 2023	18,380	11,264	(559)	11,296	(3,933)	312
Balance at Dec. 31, 2023	$ 21,359	$ 11,624	$ (678)	13,497	(4,254)	1,170
Balance, shares at Dec. 31, 2023	1,427	1,439
Treasury shares , Balance at Dec. 31, 2023			(12)
Net income	$ 1,098			1,068		30
Currency translation adjustments	23				23
Changes in fair value of cash flow hedges	(18)				(18)
Pension and other postretirement benefit plans	(5)				(5)
Shares sold to optionees, less shares exchanged	15	$ (6)	$ 21
Vesting of restricted stock, net of taxes withheld	$ (78)	(338)	$ 260
Vesting of restricted stock, shares	5		5
Employee stock purchase plan	$ 100	(36)	$ 136
Shares issued under employee stock purchase plan, shares	2		2
Stock repurchase program	$ (270)		$ (270)
Stock repurchase program, shares	(5)		(5)
Stock-based compensation expense	$ 100	100
Dividends declared	(393)			(393)
Other	(8)				5	(13)
Balance at Mar. 31, 2024	$ 21,923	$ 11,344	$ (531)	$ 14,172	$ (4,249)	$ 1,187
Balance, shares at Mar. 31, 2024	1,429	1,439
Treasury shares, Balance at Mar. 31, 2024			(10)

CONSOLIDATED STATEMENT OF STO_2

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (Parenthetical) (Unaudited) - $ / shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Retained Earnings
Dividends declared, per share	$ 0.275	$ 0.25

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2024
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 three-month period ended March 31, 2024 are not necessarily indicative of the results that may be expected for the full year ending December 31, 2024. The December 31, 2023 balance sheet information has been derived from the SLB 2023 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, 2023, filed with the Securities and Exchange Commission on January 24, 2024. Recently Announced Transaction On April 2, 2024, SLB announced a definitive agreement to purchase ChampionX Corporation ("ChampionX") in an all-stock transaction. ChampionX is a global leader in chemistry solutions, artificial lift systems, and highly engineered equipment and technologies that help companies drill for and produce oil and gas safely, efficiently, and sustainably around the world. Under the terms of the agreement, ChampionX shareholders will receive 0.735 shares of SLB common stock in exchange for each ChampionX share. At the closing of the transaction ChampionX shareholders will own approximately 9 % of SLB's outstanding shares of common stock. ChampionX reported revenue of approximately $ 3.8 billion in 2023. The transaction is subject to ChampionX stockholder approval, regulatory approvals and other customary closing conditions. It is anticipated that the closing of the transaction will occur before the end of 2024.

Charges and Credits

Charges and Credits	3 Months Ended
	Mar. 31, 2024
Restructuring and Related Activities [Abstract]
Charges and Credits	2. Charges and Credits 2024 In connection with SLB's October 2023 acquisition of the Aker Solutions ("Aker") subsea business, SLB recorded $ 25 million of pretax charges during the first quarter of 2024 consisting of: $ 14 million relating to the amortization of purchase accounting adjustments associated with the write-up of acquired inventories to its estimated fair value and $ 11 million of other merger and integration-related costs. $ 14 million of these costs are classified in Cost of Sales in the Consolidated Statement of Income , with the remaining $ 11 million classified in Merger & integration . (Stated in millions) Noncontrolling Pretax Charge Tax Benefit Interests Net Merger and integration $ 25 $ 6 $ 5 $ 14 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.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2024
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) 2024 2023 Net Income Average Earnings per Net Income Average Earnings per First Quarter Basic $ 1,068 1,431 $ 0.75 $ 934 1,426 $ 0.65 Assumed exercise of stock options - 1 - 2 Unvested restricted stock - 15 - 18 Diluted $ 1,068 1,447 $ 0.74 $ 934 1,446 $ 0.65 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) Three Months Ended March 31, 2024 2023 Employee stock options 20 24

Inventories

Inventories	3 Months Ended
	Mar. 31, 2024
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) Mar. 31, Dec. 31, 2024 2023 Raw materials & field materials $ 2,400 $ 2,296 Work in progress 813 762 Finished goods 1,336 1,329 $ 4,549 $ 4,387

Fixed Assets

Fixed Assets	3 Months Ended
	Mar. 31, 2024
Property, Plant and Equipment [Abstract]
Fixed Assets	5. Fixed Assets Fixed assets consist of the following: (Stated in millions) Mar. 31, Dec. 31, 2024 2023 Property, plant & equipment $ 29,934 $ 29,965 Less: Accumulated depreciation 22,681 22,725 $ 7,253 $ 7,240 Depreciation expense relating to fixed assets was $ 377 million and $ 347 million in the first quarter of 2024 and 2023, respectively.

Intangible Assets

Intangible Assets	3 Months Ended
	Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	6. Intangible Assets Intangible assets consist of the following: (Stated in millions) Mar. 31, 2024 Dec. 31, 2023 Gross Accumulated Net Book Gross Accumulated Net Book Book Value Amortization Value Book Value Amortization Value Customer relationships $ 1,886 $ 731 $ 1,155 $ 1,887 $ 709 $ 1,178 Technology/technical know-how 1,516 795 721 1,516 770 746 Tradenames 795 274 521 795 265 530 Other 1,592 822 770 1,582 797 785 $ 5,789 $ 2,622 $ 3,167 $ 5,780 $ 2,541 $ 3,239 Amortization expense charged to income was $ 81 million during the first quarter of 2024 and $ 76 million during the first quarter of 2023. Based on the carrying value of intangible assets at March 31, 2024, amortization expense for the subsequent five years is estimated to be: remaining three quarters of 2024—$ 244 million; 2025—$ 306 million; 2026—$ 297 million; 2027—$ 293 million; 2028—$ 283 million; and 2029—$ 270 million.

Long-term Debt

Long-term Debt	3 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
Long-term Debt	7. Long-term Debt Long-term Debt consists of the following: (Stated in millions) Mar. 31, Dec. 31, 2024 2023 3.90 % Senior Notes due 2028 $ 1,473 $ 1,469 2.65 % Senior Notes due 2030 1,250 1,250 1.375 % Guaranteed Notes due 2026 1,080 1,104 2.00 % Guaranteed Notes due 2032 1,074 1,098 0.25 % Notes due 2027 972 994 0.50 % Notes due 2031 971 992 4.30 % Senior Notes due 2029 847 847 1.00 % Guaranteed Notes due 2026 648 662 4.00 % Senior Notes due 2025 523 523 1.40 % Senior Notes due 2025 499 499 4.50 % Senior Notes due 2028 497 497 4.85 % Senior Notes due 2033 497 497 7.00 % Notes due 2038 199 200 5.95 % Notes due 2041 112 112 5.13 % Notes due 2043 98 98 $ 10,740 $ 10,842 The estimated fair value of SLB’s Long-term Debt, based on quoted market prices at March 31, 2024 and December 31, 2023, was $ 10.0 billion and $ 10.2 billion, respectively. At March 31, 2024, SLB had committed credit facility agreements aggregating $ 5.0 billion with commercial banks, of which $ 4.7 billion was available and unused. These committed facilities, of which $ 2.0 billion matures in February 2027 and $ 3.0 billion matures in December 2028, support commercial paper programs in the United States and Europe. Borrowings under the commercial paper programs at March 31, 2024 were $ 345 m illion, all of which were classified in Short-term borrowings and current portion of long-term debt in the Consolidated Balance Sheet . There were no borrowings u nder the commercial paper programs at December 31, 2023. 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	3 Months Ended
	Mar. 31, 2024
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 expose SLB 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 March 31, 2024, 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) Mar. 31, 2024 Dec. 31, 2023 Accounts payable and accrued liabilities $ 11 $ - Other Assets $ 17 $ 36 Other Liabilities $ 98 $ 67 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 second and third quarters of 2024, approximately 50 % for the fourth quarter of 2024, and approximately 25 % for the first quarter of 2025 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 $ 5.1 billion and $ 5.4 billion in various foreign currencies as of March 31, 2024 and December 31, 2023, 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 March 31, 2024 and December 31, 2023. 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 First Quarter 2024 2023 Consolidated Statement of Income Classification Derivatives designated as cash flow hedges: Cross-currency interest rate swaps $ ( 94 ) $ 95 Cost of services/sales Cross-currency interest rate swaps ( 21 ) ( 22 ) Interest expense Commodity contracts ( 3 ) 2 Revenue Foreign exchange contracts - 3 Cost of services/sales Foreign exchange contracts 3 - Revenue $ ( 115 ) $ 78 Derivatives not designated as hedges: Foreign exchange contracts $ 5 $ 1 Cost of services/sales SLB issued a credit default swap ("CDS") to a third-party financial institution that has a notional amount outstanding, as of March 31, 2024, of $ 521 million. The CDS related to a secured borrowing provided by the financial institution to SLB's primary customer in Mexico. The secured borrowing was utilized by this customer to pay certain of SLB's outstanding receivables. The notional amount of the CDS reduces on a monthly basis over its remaining 23 -month term. The fair value of this derivative liability was not material at March 31, 2024.

Contingencies

Contingencies	3 Months Ended
	Mar. 31, 2024
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	3 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
Segment Information	10. Segment Information (Stated in millions) First Quarter 2024 First Quarter 2023 Income Income Revenue Before Taxes Revenue Before Taxes Digital & Integration $ 953 $ 254 $ 894 $ 265 Reservoir Performance 1,725 339 1,503 242 Well Construction 3,368 690 3,261 672 Production Systems 2,818 400 2,207 205 Eliminations & other ( 157 ) ( 34 ) ( 129 ) 7 Pretax segment operating income 1,649 1,391 Corporate & other (1) ( 191 ) ( 169 ) Interest income (2) 34 17 Interest expense (3) ( 110 ) ( 114 ) Charges and credits (4) ( 25 ) 36 $ 8,707 $ 1,357 $ 7,736 $ 1,161 (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 ($ 4 million in 2024; $- million in 2023). (3) Interest expense excludes amounts that are included in the segments’ income ($ 3 million in 2024; $ 3 million in 2023). (4) See Note 2 – Charges and Credits . Revenue by geographic area was as follows: (Stated in millions) First Quarter 2024 2023 North America $ 1,598 $ 1,698 Latin America 1,654 1,618 Europe & Africa (1) 2,322 1,974 Middle East & Asia 3,080 2,393 Other 53 53 $ 8,707 $ 7,736 (1) Includes Russia and the Caspian region. North America and International revenue disaggregated by segment was as follows: (Stated in millions) First Quarter 2024 North America International Other Total Digital & Integration $ 236 $ 717 $ - $ 953 Reservoir Performance 130 1,592 3 1,725 Well Construction 604 2,707 57 3,368 Production Systems 647 2,164 7 2,818 Eliminations & other ( 19 ) ( 124 ) ( 14 ) ( 157 ) $ 1,598 $ 7,056 $ 53 $ 8,707 First Quarter 2023 North America International Other Total Digital & Integration $ 251 $ 642 $ 1 $ 894 Reservoir Performance 120 1,380 3 1,503 Well Construction 711 2,493 57 3,261 Production Systems 626 1,574 7 2,207 Eliminations & other ( 10 ) ( 104 ) ( 15 ) ( 129 ) $ 1,698 $ 5,985 $ 53 $ 7,736 Revenue in excess of billings related to contracts where revenue is recognized over time was $ 0.4 billion at March 31, 2024 and December 31, 2023. Such amounts are included within Receivables less allowance for doubtful accounts in the Consolidated Balance Sheet . Total backlog was $ 5.3 billion at March 31, 2024, of which approximately 65 % is expected to be recognized as revenue over the next 12 months. Billings and cash collections in excess of revenue was $ 2.0 billion at both March 31, 2024 and December 31, 2023. Such amounts are included within Accounts payable and accrued liabilities in the Consolidated Balance Sheet .

Charges and Credits (Table)

Charges and Credits (Table)	3 Months Ended
	Mar. 31, 2024
Restructuring and Related Activities [Abstract]
Summary of Charges and Credits	In connection with SLB's October 2023 acquisition of the Aker Solutions ("Aker") subsea business, SLB recorded $ 25 million of pretax charges during the first quarter of 2024 consisting of: $ 14 million relating to the amortization of purchase accounting adjustments associated with the write-up of acquired inventories to its estimated fair value and $ 11 million of other merger and integration-related costs. $ 14 million of these costs are classified in Cost of Sales in the Consolidated Statement of Income , with the remaining $ 11 million classified in Merger & integration . (Stated in millions) Noncontrolling Pretax Charge Tax Benefit Interests Net Merger and integration $ 25 $ 6 $ 5 $ 14

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2024
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) 2024 2023 Net Income Average Earnings per Net Income Average Earnings per First Quarter Basic $ 1,068 1,431 $ 0.75 $ 934 1,426 $ 0.65 Assumed exercise of stock options - 1 - 2 Unvested restricted stock - 15 - 18 Diluted $ 1,068 1,447 $ 0.74 $ 934 1,446 $ 0.65
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) Three Months Ended March 31, 2024 2023 Employee stock options 20 24

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2024
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) Mar. 31, Dec. 31, 2024 2023 Raw materials & field materials $ 2,400 $ 2,296 Work in progress 813 762 Finished goods 1,336 1,329 $ 4,549 $ 4,387

Fixed Assets (Tables)

Fixed Assets (Tables)	3 Months Ended
	Mar. 31, 2024
Property, Plant and Equipment [Abstract]
Summary of Fixed Assets	Fixed assets consist of the following: (Stated in millions) Mar. 31, Dec. 31, 2024 2023 Property, plant & equipment $ 29,934 $ 29,965 Less: Accumulated depreciation 22,681 22,725 $ 7,253 $ 7,240

Intangible Assets (Tables)

Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets by Major Class	Intangible assets consist of the following: (Stated in millions) Mar. 31, 2024 Dec. 31, 2023 Gross Accumulated Net Book Gross Accumulated Net Book Book Value Amortization Value Book Value Amortization Value Customer relationships $ 1,886 $ 731 $ 1,155 $ 1,887 $ 709 $ 1,178 Technology/technical know-how 1,516 795 721 1,516 770 746 Tradenames 795 274 521 795 265 530 Other 1,592 822 770 1,582 797 785 $ 5,789 $ 2,622 $ 3,167 $ 5,780 $ 2,541 $ 3,239

Long-term Debt (Tables)

Long-term Debt (Tables)	3 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
Summary of Long-term Debt	Long-term Debt consists of the following: (Stated in millions) Mar. 31, Dec. 31, 2024 2023 3.90 % Senior Notes due 2028 $ 1,473 $ 1,469 2.65 % Senior Notes due 2030 1,250 1,250 1.375 % Guaranteed Notes due 2026 1,080 1,104 2.00 % Guaranteed Notes due 2032 1,074 1,098 0.25 % Notes due 2027 972 994 0.50 % Notes due 2031 971 992 4.30 % Senior Notes due 2029 847 847 1.00 % Guaranteed Notes due 2026 648 662 4.00 % Senior Notes due 2025 523 523 1.40 % Senior Notes due 2025 499 499 4.50 % Senior Notes due 2028 497 497 4.85 % Senior Notes due 2033 497 497 7.00 % Notes due 2038 199 200 5.95 % Notes due 2041 112 112 5.13 % Notes due 2043 98 98 $ 10,740 $ 10,842

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	3 Months Ended
	Mar. 31, 2024
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) Mar. 31, 2024 Dec. 31, 2023 Accounts payable and accrued liabilities $ 11 $ - Other Assets $ 17 $ 36 Other Liabilities $ 98 $ 67
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 First Quarter 2024 2023 Consolidated Statement of Income Classification Derivatives designated as cash flow hedges: Cross-currency interest rate swaps $ ( 94 ) $ 95 Cost of services/sales Cross-currency interest rate swaps ( 21 ) ( 22 ) Interest expense Commodity contracts ( 3 ) 2 Revenue Foreign exchange contracts - 3 Cost of services/sales Foreign exchange contracts 3 - Revenue $ ( 115 ) $ 78 Derivatives not designated as hedges: Foreign exchange contracts $ 5 $ 1 Cost of services/sales

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	(Stated in millions) First Quarter 2024 First Quarter 2023 Income Income Revenue Before Taxes Revenue Before Taxes Digital & Integration $ 953 $ 254 $ 894 $ 265 Reservoir Performance 1,725 339 1,503 242 Well Construction 3,368 690 3,261 672 Production Systems 2,818 400 2,207 205 Eliminations & other ( 157 ) ( 34 ) ( 129 ) 7 Pretax segment operating income 1,649 1,391 Corporate & other (1) ( 191 ) ( 169 ) Interest income (2) 34 17 Interest expense (3) ( 110 ) ( 114 ) Charges and credits (4) ( 25 ) 36 $ 8,707 $ 1,357 $ 7,736 $ 1,161 (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 ($ 4 million in 2024; $- million in 2023). (3) Interest expense excludes amounts that are included in the segments’ income ($ 3 million in 2024; $ 3 million in 2023). (4) See Note 2 – Charges and Credits .
Revenue by Geographic Area	Revenue by geographic area was as follows: (Stated in millions) First Quarter 2024 2023 North America $ 1,598 $ 1,698 Latin America 1,654 1,618 Europe & Africa (1) 2,322 1,974 Middle East & Asia 3,080 2,393 Other 53 53 $ 8,707 $ 7,736 (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) First Quarter 2024 North America International Other Total Digital & Integration $ 236 $ 717 $ - $ 953 Reservoir Performance 130 1,592 3 1,725 Well Construction 604 2,707 57 3,368 Production Systems 647 2,164 7 2,818 Eliminations & other ( 19 ) ( 124 ) ( 14 ) ( 157 ) $ 1,598 $ 7,056 $ 53 $ 8,707 First Quarter 2023 North America International Other Total Digital & Integration $ 251 $ 642 $ 1 $ 894 Reservoir Performance 120 1,380 3 1,503 Well Construction 711 2,493 57 3,261 Production Systems 626 1,574 7 2,207 Eliminations & other ( 10 ) ( 104 ) ( 15 ) ( 129 ) $ 1,698 $ 5,985 $ 53 $ 7,736

Basis of Presentation - Additio

Basis of Presentation - Additional Information (Detail) - USD ($) $ in Millions		3 Months Ended		12 Months Ended
	Apr. 02, 2024	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Business Acquisition [Line Items]
Revenue		$ 8,707	$ 7,736
ChampionX
Business Acquisition [Line Items]
Revenue				$ 3,800
ChampionX | Subsequent Event
Business Acquisition [Line Items]
Business acquisition, number of shares receivable for each share	0.735
Business acquisition, percentage of voting interests acquired	9%

Charges and Credits - Summary o

Charges and Credits - Summary of Charges and Credits (Detail) - Interest And Other - Merger And Integration $ in Millions	3 Months Ended
	Mar. 31, 2024 USD ($)
Charges And Credits [Line Items]
Charges and credits, Pretax Charge	$ 25
Charges and credits, Tax Benefit	6
Charges and credits, Noncontrolling Interests	5
Charges and credits, Net	$ 14

Charges and Credits - Additiona

Charges and Credits - Additional Information (Detail) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Charges And Credits [Line Items]
Merger & integration	$ 11
Liberty Energy Inc
Charges And Credits [Line Items]
Shares issued		9
Received proceeds from sale of shares		$ 137
Gains on sales of businesses		28
Pretax gain on sale of business		36
Product
Charges And Credits [Line Items]
Cost of services and sales	2,592	$ 2,156
Aker | Subsea Business
Charges And Credits [Line Items]
Business acquisition pre tax charges	25
Amortization of purchase accounting adjustments related to acquired inventories	14
Other merger and integration-related costs	11
Merger & integration	11
Aker | Subsea Business | Product
Charges And Credits [Line Items]
Cost of services and sales	$ 14

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
	Mar. 31, 2024	Mar. 31, 2023
Net Income Attributable to Schlumberger
Basic	$ 1,068	$ 934
Diluted	$ 1,068	$ 934
Average Shares Outstanding
Basic	1,431	1,426
Assumed exercise of stock options	1	2
Unvested restricted stock	15	18
Diluted	1,447	1,446
Earnings per Share
Basic	$ 0.75	$ 0.65
Diluted	$ 0.74	$ 0.65

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
	Mar. 31, 2024	Mar. 31, 2023
Employee Stock Options
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount	20	24

Inventories - Summary of Invent

Inventories - Summary of Inventory (Detail) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Raw materials & field materials	$ 2,400	$ 2,296
Work in progress	813	762
Finished goods	1,336	1,329
Inventories	$ 4,549	$ 4,387

Fixed Assets - Summary of Fixed

Fixed Assets - Summary of Fixed Assets (Detail) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Property, plant & equipment	$ 29,934	$ 29,965
Less: Accumulated depreciation	22,681	22,725
Fixed assets less accumulated depreciation	$ 7,253	$ 7,240

Fixed Assets - Additional Infor

Fixed Assets - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Property, Plant and Equipment [Abstract]
Depreciation expense relating to fixed assets	$ 377	$ 347

Intangible Assets - Schedule of

Intangible Assets - Schedule of Intangible Assets by Major Class (Detail) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Finite Lived Intangible Assets [Line Items]
Gross Book Value	$ 5,789	$ 5,780
Accumulated Amortization	2,622	2,541
Net Book Value	3,167	3,239
Customer Relationships
Finite Lived Intangible Assets [Line Items]
Gross Book Value	1,886	1,887
Accumulated Amortization	731	709
Net Book Value	1,155	1,178
Technology/Technical Know-How
Finite Lived Intangible Assets [Line Items]
Gross Book Value	1,516	1,516
Accumulated Amortization	795	770
Net Book Value	721	746
Tradenames
Finite Lived Intangible Assets [Line Items]
Gross Book Value	795	795
Accumulated Amortization	274	265
Net Book Value	521	530
Other
Finite Lived Intangible Assets [Line Items]
Gross Book Value	1,592	1,582
Accumulated Amortization	822	797
Net Book Value	$ 770	$ 785

Intangible Assets - Additional

Intangible Assets - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense charged to income	$ 81	$ 76
Estimated amortization expense, remaining three quarters of 2024	244
Estimated amortization expense, 2025	306
Estimated amortization expense, 2026	297
Estimated amortization expense, 2027	293
Estimated amortization expense, 2028	283
Estimated amortization expense, 2029	$ 270

Long-term Debt - Summary of Lon

Long-term Debt - Summary of Long-term Debt (Detail) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Long-term debt, carrying amount	$ 10,740	$ 10,842
3.90% Senior Notes due 2028
Debt Instrument [Line Items]
Long-term debt, carrying amount	1,473	1,469
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	1,080	1,104
2.00% Guaranteed Notes due 2032
Debt Instrument [Line Items]
Long-term debt, carrying amount	1,074	1,098
0.25% Notes due 2027
Debt Instrument [Line Items]
Long-term debt, carrying amount	972	994
0.50% Notes due 2031
Debt Instrument [Line Items]
Long-term debt, carrying amount	971	992
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	648	662
4.00% Senior Notes due 2025
Debt Instrument [Line Items]
Long-term debt, carrying amount	523	523
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	497
4.85% Senior Notes due 2033
Debt Instrument [Line Items]
Long-term debt, carrying amount	497	497
7.00% Notes due 2038
Debt Instrument [Line Items]
Long-term debt, carrying amount	199	200
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

Long-term Debt - Summary of L_2

Long-term Debt - Summary of Long-term Debt (Parenthetical) (Detail)	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
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
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%
Debt instrument maturity date	2028	2028
4.85% Senior Notes due 2033
Debt Instrument [Line Items]
Debt instrument interest rate	4.85%	4.85%
Debt instrument maturity date	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

Long-term Debt - Additional Inf

Long-term Debt - Additional Information (Detail) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Long-term debt, fair value	$ 10,000,000,000	$ 10,200,000,000
Committed credit facility agreement aggregated	5,000,000,000
Committed credit facility agreement, unused borrowing capacity	4,700,000,000
Short-term borrowings and current portion of long-term debt	1,430,000,000	1,123,000,000
Commercial paper programs mature in February 2027
Debt Instrument [Line Items]
Committed credit facility agreement aggregated	2,000,000,000
Commercial paper programs mature in December 2028
Debt Instrument [Line Items]
Committed credit facility agreement aggregated	3,000,000,000
Commercial paper borrowings
Debt Instrument [Line Items]
Long-term debt		$ 0
Short-term borrowings and current portion of long-term debt	$ 345,000,000

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities - Additional Information (Detail) € in Billions	3 Months Ended
	Mar. 31, 2025	Dec. 31, 2024	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2020 EUR (€)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 EUR (€)
Derivative [Line Items]
Denominated debt issued								$ 500,000,000	€ 1.5
Fair value of outstanding derivatives | $					$ 0	$ 0
Credit Default Swap
Derivative [Line Items]
Notional amount of interest rate swap | $					$ 521,000,000
Credit derivative term					23 months
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%
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 | $					$ 5,100,000,000	$ 5,400,000,000

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities - Summary of Derivatives Included in the Consolidated Balance Sheet (Detail) - Cross currency interest rate swaps - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Derivative [Line Items]
Derivative liability current	$ 11
Derivative Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accounts Payable and Accrued Liabilities, Current
Derivative assets noncurrent	$ 17	$ 36
Derivative Asset, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other Assets, Noncurrent	Other Assets, Noncurrent
Derivative liability noncurrent	$ 98	$ 67
Derivative Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other Liabilities, Noncurrent	Other Liabilities, Noncurrent

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
	Mar. 31, 2024	Mar. 31, 2023
Derivatives designated as hedges
Derivative Instruments Gain Loss [Line Items]
Gain (Loss) Recognized in Income	$ (115)	$ 78
Derivatives designated as hedges | Cross currency interest rate swaps
Derivative Instruments Gain Loss [Line Items]
Gain (Loss) Recognized in Income	$ (94)	$ 95
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	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	$ (21)	$ (22)
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	$ (3)	$ 2
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Total Revenue	Total Revenue
Derivatives designated as hedges | Foreign exchange contracts
Derivative Instruments Gain Loss [Line Items]
Gain (Loss) Recognized in Income	$ 3	$ 3
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Total Revenue	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	$ 1
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	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
		Mar. 31, 2024	Mar. 31, 2023
Segment Reporting Information [Line Items]
Revenue		$ 8,707	$ 7,736
Pretax segment operating income		1,649	1,391
Interest expense		113	117
Income Before Taxes		1,357	1,161
Digital Integration
Segment Reporting Information [Line Items]
Revenue		953	894
Reservoir Performance
Segment Reporting Information [Line Items]
Revenue		1,725	1,503
Well Construction
Segment Reporting Information [Line Items]
Revenue		3,368	3,261
Production Systems
Segment Reporting Information [Line Items]
Revenue		2,818	2,207
Eliminations & Other
Segment Reporting Information [Line Items]
Revenue		(157)	(129)
Operating Segments
Segment Reporting Information [Line Items]
Revenue		8,707	7,736
Interest income		4
Interest expense		3	3
Operating Segments | Digital Integration
Segment Reporting Information [Line Items]
Revenue		953	894
Pretax segment operating income		254	265
Operating Segments | Reservoir Performance
Segment Reporting Information [Line Items]
Revenue		1,725	1,503
Pretax segment operating income		339	242
Operating Segments | Well Construction
Segment Reporting Information [Line Items]
Revenue		3,368	3,261
Pretax segment operating income		690	672
Operating Segments | Production Systems
Segment Reporting Information [Line Items]
Revenue		2,818	2,207
Pretax segment operating income		400	205
Operating Segments | Eliminations & Other
Segment Reporting Information [Line Items]
Revenue		(157)	(129)
Pretax segment operating income		(34)	7
Eliminations & other
Segment Reporting Information [Line Items]
Corporate & other	[1]	(191)	(169)
Interest income	[2]	34	17
Interest expense	[3]	(110)	(114)
Charges and credits	[4]	$ (25)	$ 36
[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. Interest income excludes amounts that are included in the segments’ income ($ 4 million in 2024; $- million in 2023). Interest expense excludes amounts that are included in the segments’ income ($ 3 million in 2024; $ 3 million in 2023). 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
	Mar. 31, 2024	Mar. 31, 2023
Segment Reporting Information [Line Items]
Interest expense	$ 113	$ 117
Operating Segments
Segment Reporting Information [Line Items]
Interest income	4
Interest expense	$ 3	$ 3

Segment Information - Revenue b

Segment Information - Revenue by Geographic Area (Detail) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2024	Mar. 31, 2023
Segment Reporting Information [Line Items]
Revenue		$ 8,707	$ 7,736
Operating Segments
Segment Reporting Information [Line Items]
Revenue		8,707	7,736
Operating Segments | North America
Segment Reporting Information [Line Items]
Revenue		1,598	1,698
Operating Segments | Latin America
Segment Reporting Information [Line Items]
Revenue		1,654	1,618
Operating Segments | Europe & Africa
Segment Reporting Information [Line Items]
Revenue	[1]	2,322	1,974
Operating Segments | Middle East & Asia
Segment Reporting Information [Line Items]
Revenue		3,080	2,393
Operating Segments | Other
Segment Reporting Information [Line Items]
Revenue		$ 53	$ 53
[1] Includes Russia and the Caspian region.

Segment Information - Summary o

Segment Information - Summary of North America and International Revenue Disaggregated by Segment (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Segment Reporting Information [Line Items]
Revenue	$ 8,707	$ 7,736
Digital Integration
Segment Reporting Information [Line Items]
Revenue	953	894
Reservoir Performance
Segment Reporting Information [Line Items]
Revenue	1,725	1,503
Well Construction
Segment Reporting Information [Line Items]
Revenue	3,368	3,261
Production Systems
Segment Reporting Information [Line Items]
Revenue	2,818	2,207
Eliminations & Other
Segment Reporting Information [Line Items]
Revenue	(157)	(129)
Operating Segments
Segment Reporting Information [Line Items]
Revenue	8,707	7,736
Operating Segments | Digital Integration
Segment Reporting Information [Line Items]
Revenue	953	894
Operating Segments | Reservoir Performance
Segment Reporting Information [Line Items]
Revenue	1,725	1,503
Operating Segments | Well Construction
Segment Reporting Information [Line Items]
Revenue	3,368	3,261
Operating Segments | Production Systems
Segment Reporting Information [Line Items]
Revenue	2,818	2,207
Operating Segments | Eliminations & Other
Segment Reporting Information [Line Items]
Revenue	(157)	(129)
North America | Operating Segments
Segment Reporting Information [Line Items]
Revenue	1,598	1,698
North America | Operating Segments | Digital Integration
Segment Reporting Information [Line Items]
Revenue	236	251
North America | Operating Segments | Reservoir Performance
Segment Reporting Information [Line Items]
Revenue	130	120
North America | Operating Segments | Well Construction
Segment Reporting Information [Line Items]
Revenue	604	711
North America | Operating Segments | Production Systems
Segment Reporting Information [Line Items]
Revenue	647	626
North America | Operating Segments | Eliminations & Other
Segment Reporting Information [Line Items]
Revenue	(19)	(10)
International | Operating Segments
Segment Reporting Information [Line Items]
Revenue	7,056	5,985
International | Operating Segments | Digital Integration
Segment Reporting Information [Line Items]
Revenue	717	642
International | Operating Segments | Reservoir Performance
Segment Reporting Information [Line Items]
Revenue	1,592	1,380
International | Operating Segments | Well Construction
Segment Reporting Information [Line Items]
Revenue	2,707	2,493
International | Operating Segments | Production Systems
Segment Reporting Information [Line Items]
Revenue	2,164	1,574
International | Operating Segments | Eliminations & Other
Segment Reporting Information [Line Items]
Revenue	(124)	(104)
Other | Operating Segments
Segment Reporting Information [Line Items]
Revenue	53	53
Other | Operating Segments | Digital Integration
Segment Reporting Information [Line Items]
Revenue		1
Other | Operating Segments | Reservoir Performance
Segment Reporting Information [Line Items]
Revenue	3	3
Other | Operating Segments | Well Construction
Segment Reporting Information [Line Items]
Revenue	57	57
Other | Operating Segments | Production Systems
Segment Reporting Information [Line Items]
Revenue	7	7
Other | Operating Segments | Eliminations & Other
Segment Reporting Information [Line Items]
Revenue	$ (14)	$ (15)

Segment Information - Additiona

Segment Information - Additional Information (Detail) - USD ($) $ in Billions	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Segment Reporting [Abstract]
Revenue in excess of billings	$ 0.4	$ 0.4
Total backlog	$ 5.3
Percentage of revenue expected to be recognized over next 12 months	65%
Billings and cash collections in excess of revenue	$ 2	$ 2