Document and Entity Information
Document and Entity Information - USD ($) $ in Billions | 12 Months Ended | |
Dec. 31, 2015 | Jun. 30, 2015 | |
Document And Entity Information [Abstract] | ||
Document Type | 10-K | |
Amendment Flag | false | |
Document Period End Date | Dec. 31, 2015 | |
Document Fiscal Year Focus | 2,015 | |
Document Fiscal Period Focus | FY | |
Trading Symbol | SLB | |
Entity Registrant Name | SCHLUMBERGER LTD /NV/ | |
Entity Central Index Key | 87,347 | |
Current Fiscal Year End Date | --12-31 | |
Entity Well-known Seasoned Issuer | Yes | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Filer Category | Large Accelerated Filer | |
Entity Common Stock, Shares Outstanding | 1,256,367,980 | |
Entity Public Float | $ 109 |
CONSOLIDATED STATEMENT OF INCOM
CONSOLIDATED STATEMENT OF INCOME - USD ($) shares in Millions, $ in Millions | 12 Months Ended | |||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | ||
Income Statement [Abstract] | ||||
Revenue | $ 35,475 | $ 48,580 | $ 45,266 | |
Interest & other income | 236 | 291 | 165 | |
Gain on formation of OneSubsea | 1,028 | |||
Expenses | ||||
Cost of revenue | 28,321 | 37,398 | 35,331 | |
Research & engineering | 1,094 | 1,217 | 1,174 | |
General & administrative | 494 | 475 | 416 | |
Impairments & other | 2,575 | 1,773 | 456 | |
Interest | 346 | 369 | 391 | |
Income from continuing operations before taxes | 2,881 | 7,639 | 8,691 | |
Taxes on income | 746 | 1,928 | 1,848 | |
Income from continuing operations | 2,135 | 5,711 | 6,843 | |
Loss from discontinued operations | (205) | (69) | ||
Net income | 2,135 | 5,506 | 6,774 | |
Net income attributable to noncontrolling interests | 63 | 68 | 42 | |
Net income attributable to Schlumberger | 2,072 | 5,438 | 6,732 | |
Schlumberger amounts attributable to: | ||||
Income from continuing operations | 2,072 | 5,643 | 6,801 | |
Loss from discontinued operations | (205) | (69) | ||
Net income attributable to Schlumberger | $ 2,072 | $ 5,438 | $ 6,732 | |
Basic earnings per share of Schlumberger | ||||
Income from continuing operations | $ 1.63 | $ 4.36 | $ 5.14 | |
Loss from discontinued operations | (0.16) | (0.05) | ||
Net income | 1.63 | 4.20 | 5.09 | |
Diluted earnings per share of Schlumberger | ||||
Income from continuing operations | 1.63 | 4.31 | 5.10 | |
Loss from discontinued operations | (0.16) | (0.05) | ||
Net income | [1] | $ 1.63 | $ 4.16 | $ 5.05 |
Average shares outstanding: | ||||
Basic | 1,267 | 1,295 | 1,323 | |
Assuming dilution | 1,275 | 1,308 | 1,333 | |
[1] | Amounts may not add due to rounding. |
CONSOLIDATED STATEMENT OF COMPR
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Statement Of Income And Comprehensive Income [Abstract] | |||
Net income | $ 2,135 | $ 5,506 | $ 6,774 |
Currency translation adjustments | |||
Unrealized net change arising during the period | (522) | (463) | (151) |
Marketable securities | |||
Unrealized (loss) gain arising during the period | (50) | (166) | 35 |
Reclassification to net income - impairment charge | 40 | ||
Cash flow hedges | |||
Net (loss) gain on cash flow hedges | (178) | (238) | 49 |
Reclassification to net income of net realized gain (loss) | 235 | 113 | (50) |
Actuarial gain (loss) | |||
Actuarial (loss) gain arising during the period | (210) | (1,285) | 1,328 |
Amortization to net income of net actuarial loss | 306 | 177 | 300 |
Prior service cost | |||
Amortization to net income of net prior service cost | 101 | 128 | 125 |
Income taxes on pension and other postretirement benefit plans | (74) | 82 | (302) |
Comprehensive income | 1,783 | 3,854 | 8,108 |
Comprehensive income attributable to noncontrolling interests | 63 | 68 | 42 |
Comprehensive income attributable to Schlumberger | $ 1,720 | $ 3,786 | $ 8,066 |
CONSOLIDATED BALANCE SHEET
CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions | Dec. 31, 2015 | Dec. 31, 2014 |
Current Assets | ||
Cash | $ 2,793 | $ 3,130 |
Short-term investments | 10,241 | 4,371 |
Receivables less allowance for doubtful accounts (2015 - $333; 2014 - $275) | 8,780 | 11,171 |
Inventories | 3,756 | 4,628 |
Deferred taxes | 208 | 144 |
Other current assets | 1,134 | 1,250 |
Current assets total | 26,912 | 24,694 |
Fixed Income Investments, held to maturity | 418 | 442 |
Investments in Affiliated Companies | 3,311 | 3,235 |
Fixed Assets less accumulated depreciation | 13,415 | 15,396 |
Multiclient Seismic Data | 1,026 | 793 |
Goodwill | 15,605 | 15,487 |
Intangible Assets | 4,569 | 4,654 |
Other Assets | 2,749 | 2,203 |
Total Assets | 68,005 | 66,904 |
Current Liabilities | ||
Accounts payable and accrued liabilities | 7,727 | 9,246 |
Estimated liability for taxes on income | 1,203 | 1,647 |
Long-term debt - current portion | 3,011 | 1,244 |
Short-term borrowings | 1,546 | 1,521 |
Dividends payable | 634 | 518 |
Current Liabilities Total | 14,121 | 14,176 |
Long-term Debt | 14,442 | 10,565 |
Postretirement Benefits | 1,434 | 1,501 |
Deferred Taxes | 1,075 | 1,296 |
Other Liabilities | 1,028 | 1,317 |
Total Liabilities | 32,100 | 28,855 |
Equity | ||
Common stock | 12,693 | 12,495 |
Treasury stock | (13,372) | (11,772) |
Retained earnings | 40,870 | 41,333 |
Accumulated other comprehensive loss | (4,558) | (4,206) |
Schlumberger stockholders' equity | 35,633 | 37,850 |
Noncontrolling interests | 272 | 199 |
Total equity | 35,905 | 38,049 |
Liabilities and stockholders equity | $ 68,005 | $ 66,904 |
CONSOLIDATED BALANCE SHEET (Par
CONSOLIDATED BALANCE SHEET (Parenthetical) - USD ($) $ in Millions | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Statement Of Financial Position [Abstract] | ||||
Allowance for doubtful accounts on receivable | $ 333 | $ 275 | $ 384 | $ 202 |
CONSOLIDATED STATEMENT OF CASH
CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Millions | 12 Months Ended | |||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | ||
Cash flows from operating activities: | ||||
Net income | $ 2,135 | $ 5,506 | $ 6,774 | |
Add: Loss from discontinued operations | 205 | 69 | ||
Adjustments to reconcile net income to cash provided by operating activities: | ||||
Gain on formation of OneSubsea | (1,028) | |||
Impairments and other charges | 2,575 | 1,773 | 608 | |
Depreciation and amortization | [1] | 4,078 | 4,094 | 3,879 |
Pension and other postretirement benefits expense | 438 | 355 | 518 | |
Stock-based compensation expense | 326 | 329 | 315 | |
Pension and other postretirement benefits funding | (346) | (390) | (538) | |
Earnings of equity method investments, less dividends received | (125) | (113) | (71) | |
Change in assets and liabilities: | ||||
Decrease (increase) in receivables | [2] | 2,176 | (187) | (803) |
Decrease (increase) in inventories | [2] | 625 | (36) | 188 |
Decrease in other current assets | [2] | 76 | 119 | 17 |
Decrease (increase) in other assets | [2] | 16 | (134) | (78) |
(Decrease) increase in accounts payable and accrued liabilities | [2] | (2,656) | (36) | 654 |
(Decrease) increase in estimated liability for taxes on income | [2] | (699) | 104 | 34 |
Increase (decrease) in other liabilities | [2] | 24 | (79) | 60 |
Other | [2] | 162 | (315) | 92 |
NET CASH PROVIDED BY OPERATING ACTIVITIES | 8,805 | 11,195 | 10,690 | |
Cash flows from investing activities: | ||||
Capital expenditures | (2,410) | (3,976) | (3,943) | |
SPM investments | (953) | (740) | (902) | |
Multiclient seismic data capitalized | (486) | (321) | (394) | |
Business acquisitions and investments, net of cash acquired | (443) | (1,008) | (1,210) | |
(Purchase) sale of investments, net | (5,848) | 446 | (648) | |
Other | (112) | 19 | 218 | |
NET CASH USED IN INVESTING ACTIVITIES | (10,252) | (5,580) | (6,879) | |
Cash flows from financing activities: | ||||
Dividends paid | (2,419) | (1,968) | (1,608) | |
Proceeds from employee stock purchase plan | 296 | 295 | 270 | |
Proceeds from exercise of stock options | 152 | 530 | 267 | |
Stock repurchase program | (2,182) | (4,678) | (2,596) | |
Proceeds from issuance of long-term debt | 9,565 | 2,289 | 4,554 | |
Repayment of long-term debt | (3,771) | (2,878) | (3,141) | |
Net (decrease) increase in short-term borrowings | (3) | 552 | 37 | |
Other | (264) | (38) | 18 | |
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES | 1,374 | (5,896) | (2,199) | |
Cash flow (used in) provided by discontinued operations - operating activities | (233) | 24 | (2) | |
Cash flow used in discontinued operations - investing activities | (28) | |||
Cash flow (used in) provided by discontinued operations | (233) | 24 | (30) | |
Net (decrease) increase in cash before translation effect | (306) | (257) | 1,582 | |
Translation effect on cash | (31) | (85) | (15) | |
Cash, beginning of period | 3,130 | 3,472 | 1,905 | |
Cash, end of period | $ 2,793 | $ 3,130 | $ 3,472 | |
[1] | Includes depreciation of property, plant and equipment and amortization of intangible assets, multiclient seismic data costs and SPM investments. | |||
[2] | Net of the effect of business acquisitions and divestitures. |
CONSOLIDATED STATEMENT OF STOCK
CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - USD ($) shares in Millions, $ in Millions | Total | Common Stock Issued | Common Stock In Treasury | Retained Earnings | Accumulated Other Comprehensive Loss | Noncontrolling Interests |
Balance at Dec. 31, 2012 | $ 34,858 | $ 11,912 | $ (6,160) | $ 32,887 | $ (3,888) | $ 107 |
Net income | 6,774 | 6,732 | 42 | |||
Currency translation adjustments | (151) | (151) | ||||
Changes in fair value of marketable securities | 35 | 35 | ||||
Changes in fair value of cash flow hedges | (1) | (1) | ||||
Pension and other postretirement benefit plans | 1,451 | 1,451 | ||||
Shares sold to optionees, less shares exchanged | $ 267 | (44) | $ 311 | |||
Shares sold to optionees, less shares exchanged, shares | 5 | 5 | ||||
Vesting of restricted stock | (56) | $ 56 | ||||
Vesting of restricted stock, shares | 1 | 1 | ||||
Shares issued under employee stock purchase plan | $ 270 | 18 | $ 252 | |||
Shares issued under employee stock purchase plan, shares | 4 | 4 | ||||
Stock repurchase program | $ (2,596) | $ (2,596) | ||||
Stock repurchase program, shares | (31) | (31) | ||||
Stock-based compensation expense | $ 315 | 315 | ||||
Dividends declared | (1,653) | (1,653) | ||||
Other | 66 | 47 | $ 2 | 17 | ||
Balance at Dec. 31, 2013 | $ 39,635 | $ 12,192 | $ (8,135) | 37,966 | (2,554) | 166 |
Balance, shares at Dec. 31, 2012 | 1,328 | 1,434 | (106) | |||
Balance, shares at Dec. 31, 2013 | 1,307 | 1,434 | (127) | |||
Net income | $ 5,506 | 5,438 | 68 | |||
Currency translation adjustments | (463) | (463) | ||||
Changes in fair value of marketable securities | (166) | (166) | ||||
Changes in fair value of cash flow hedges | (125) | (125) | ||||
Pension and other postretirement benefit plans | (898) | (898) | ||||
Shares sold to optionees, less shares exchanged | $ 530 | $ (26) | $ 556 | |||
Shares sold to optionees, less shares exchanged, shares | 9 | 9 | ||||
Vesting of restricted stock | (79) | $ 79 | ||||
Vesting of restricted stock, shares | 1 | 1 | ||||
Shares issued under employee stock purchase plan | $ 295 | 33 | $ 262 | |||
Shares issued under employee stock purchase plan, shares | 4 | 4 | ||||
Stock repurchase program | $ (4,678) | $ (4,678) | ||||
Stock repurchase program, shares | (48) | (48) | ||||
Stock-based compensation expense | $ 329 | 329 | ||||
Dividends declared | (2,071) | (2,071) | ||||
Shares issued for acquisition | $ 213 | 72 | $ 141 | |||
Shares issued for acquisition, shares | 2 | 2 | ||||
Other | $ (58) | (26) | $ 3 | (35) | ||
Balance at Dec. 31, 2014 | $ 38,049 | $ 12,495 | $ (11,772) | 41,333 | (4,206) | 199 |
Balance, shares at Dec. 31, 2014 | 1,275 | 1,434 | (159) | |||
Net income | $ 2,135 | 2,072 | 63 | |||
Currency translation adjustments | (522) | (522) | ||||
Changes in fair value of marketable securities | (10) | (10) | ||||
Changes in fair value of cash flow hedges | 57 | 57 | ||||
Pension and other postretirement benefit plans | 123 | 123 | ||||
Shares sold to optionees, less shares exchanged | $ 152 | $ (38) | $ 190 | |||
Shares sold to optionees, less shares exchanged, shares | 3 | 3 | ||||
Vesting of restricted stock | (112) | $ 112 | ||||
Vesting of restricted stock, shares | 1 | 1 | ||||
Shares issued under employee stock purchase plan | $ 296 | 17 | $ 279 | |||
Shares issued under employee stock purchase plan, shares | 4 | 4 | ||||
Stock repurchase program | $ (2,182) | $ (2,182) | ||||
Stock repurchase program, shares | (27) | (27) | ||||
Stock-based compensation expense | $ 326 | 326 | ||||
Dividends declared | (2,535) | (2,535) | ||||
Other | 16 | 5 | $ 1 | 10 | ||
Balance at Dec. 31, 2015 | $ 35,905 | $ 12,693 | $ (13,372) | $ 40,870 | $ (4,558) | $ 272 |
Balance, shares at Dec. 31, 2015 | 1,256 | 1,434 | (178) |
CONSOLIDATED STATEMENT OF STOC8
CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Retained Earnings | |||
Dividends declared, per share | $ 2 | $ 1.60 | $ 1.25 |
Business Description
Business Description | 12 Months Ended |
Dec. 31, 2015 | |
Organization Consolidation And Presentation Of Financial Statements [Abstract] | |
Business Description | 1. Business Description Schlumberger Limited (Schlumberger N.V., incorporated in Curaçao ) and its consolidated subsidiaries (collectively, “Schlumberger”) comprise the world’s leading supplier of technology, integrated project management and information solutions to the international oil and gas exploration and production industry. On August 26, 2015, Schlumberger and Cameron International Corporations (Cameron) jointly announced that they had entered into a definitive merger agreement in which Cameron will merge with an indirect wholly-owned subsidiary of Schlumberger in a stock and cash transaction. Cameron designs, manufactures, markets and services equipment used by the oil and gas industry and industrial manufacturing companies. Under the terms of the merger agreement, Cameron shareholders will receive 0.716 shares of Schlumberger common stock and a cash payment of $ 14.44 in exchange for each Cameron share of common stock outstanding. Schlumberger estimates that it will issue approximately 137 million shares of its common stock and pay cash of approximately $ 2.8 billion in connection with this transaction. The transaction remains subject to certain regulatory approvals and customary closing conditions. It is anticipated that the closing of the transaction will occur in the first quarter of 2016. Cameron reported revenue of $ 10.4 billion for the year ended December 31, 201 4 . |
Summary of Accounting Policies
Summary of Accounting Policies | 12 Months Ended |
Dec. 31, 2015 | |
Accounting Policies [Abstract] | |
Summary of Accounting Policies | 2. Summary of Accounting Policies The Consolidated Financial Statements of Schlumberger have been prepared in accordance with accounting principles generally accepted in the United States of America. Use of Estimates The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. On an ongoing basis, Schlumberger evaluates its estimates, including those related to collectibility of accounts receivable; recoverability of fixed assets , goodwill, intangible assets , Schlumberger Production Management investments and investments in affiliates; income taxes; multiclient seismic data; contingencies and actuarial assumptions for employee benefit plans. Schlumberger bases its estimates on historical experience and other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. Revenue Recognition Schlumberger recognizes revenue based upon purchase orders, contracts or other persuasive evidence of an arrangement with the customer that include fixed or determinable prices provided that collectibility is reasonably assured. Revenue is recognized for services when they are rendered. Revenue is recognized for products upon delivery and when the customer assumes the risks and rewards of ownership. Revenue from seismic contract services performed on a dayrate basis is recognized as the service is performed. Revenue from other services, including pre-funded multiclient surveys, is recognized as the seismic data is acquired and/or processed on a proportionate basis as work is performed. This method requires revenue to be recognized based upon quantifiable measures of progress, such as square kilometers acquired. Multiclient data surveys are licensed or sold to customers on a non-transferable basis. Revenue from sales of completed multiclient data surveys is recognized upon obtaining a signed licensing agreement and providing customers with access to such data. Revenue is occasionally generated from contractual arrangements that include multiple deliverables. Revenue from these arrangements is recognized as each item is delivered based on their relative fair value , provided that the delivered items have stand-alone value to the customer. Revenue derived from the sale of licenses of Schlumberger software may include installation, maintenance, consulting and training services. If services are not essential to the functionality of the software, the revenue for each element of the contract is recognized separately based on its respective vendor specific objective evidence of fair value when all of the following conditions are met: a signed contract is obtained, delivery has occurred, the fee is fixed or determinable and collectibility is probable. Short-term and Fixed Income Investments The Consolidated Balance Sheet reflects the Schlumberger investment portfolio separated between current and long term, based on maturity. Both Short-term investments and Fixed Income Investments, held to maturity are comprised primarily of money market funds, time deposits, certificates of deposit, commercial paper, bonds and notes, substantially all of which are denominated in US dollars. Under normal circumstances Schlumberger intends to hold such investments until maturity . These investments are stated at cost plus accrued interest, which approximates market. For purposes of the Consolidated Statement of Cash Flows , Schlumberger does not consider Short-term investments to be cash equivalents. Fixed Income Investments, held to maturity at December 31, 2015 of $ 418 million mature as follows: $ 107 million in 2017 , $ 298 million in 2018 , $ 12 million in 2019 and $ 1 million in 2020 . Investments in Affiliated Companies Investments in companies in which Schlumberger does not have a controlling financial interest, but over which it has significant influence are accounted for using the equity method. Schlumberger’s share of the after-tax earnings of equity method investees is included in Interest and other income . Investments in privately held companies in which Schlumberger does not have the ability to exercise significant influence are accounted for using the cost method. Investments in publicly traded companies in which Schlumberger does not have significant influence are accounted for as available-for-sale marketable securities. These marketable securities are reported at fair value, based on quoted market prices, with unrealized gains and losses reported as a component of Accumulated other comprehensive loss . The fair value of these marketable securities was $ 41 million at December 31, 2015 ( $ 91 million at December 31, 2014) . The cost basis of these marketable securities was $ 41 million at December 31, 2015 ( $ 81 million at December 31, 2014) after reflecting a $ 40 million other-than-tempora r y impairment charge recorded during the fourth quarter of 2015. Equity and cost method investments as well as investments in publicly traded companies are classified as Investments in Affiliated Companies in the Consolidated Balance Sheet . Multiclient Seismic Data The multiclient library consists of completed and in-process seismic surveys that are licensed on a nonexclusive basis. Schlumberger capitalizes costs directly incurred in acquiring and processing the multiclient seismic data. Such costs are charged to Cost of revenue based on the percentage of the total costs to the estimated total revenue that Schlumberger expects to receive from the sales of such data. However, under no circumstance will an individual survey carry a net book value greater than a 4-year, straight-line amortized value. The carrying value of the multiclient library is reviewed for impairment annually as well as when an event or change in circumstance indicating impairment may have occurred. Adjustments to the carrying value are recorded when it is determined that estimated future cash flows, which involves significant judgment on the part of Schlumberger, would not be sufficient to recover the carrying value of the surveys. Significant adverse changes in Schlumberger’s estimated future cash flows could result in impairment charges in a future period. Schlumberger Production Management Schlumberger Production Management ( “ SPM ” ) projects are focused on developing and co-managing the production of Schlumberger customers’ assets under long-term agreements. Schlumberger will invest its own services, products and in some cases cash, into the field development activities and operations. Although in certain arrangements Schlumberger is paid for a portion of the services or products it provides, generally Schlumberger will not be paid at the time of providing its services or upon delivery of its products. Instead, Schlumberger is compensated based upon cash flow generated or on a fee-per-barrel basis . This may include certain arrangements whereby Schlumberger is only compensated based upon incremental production it helps deliver above a mutually agreed baseline. Schlumberger capitalizes its cash investments in a project as well as the direct costs associated with providing services or products for which Schlumberger will be compensated when the related production is achieved . Revenue is recognized as the related production is achieved. These capitalized investments are amortized to the Consolidated Statement of Income as the related oil production is achieved based on the units of production method, whereby each unit produced is assigned a pro-rata portion of the unamortized costs based on estimated total production, resulting in a matching of revenue with the applicable costs. The unamortized portion of Schlumberger’s investments in SPM projects was approximately $ 1.829 billion and $ 1.411 billion at December 31, 2015 and 2014 , respectively. These amounts are included within Other Assets in Schlumberger’s Consolidated Balance Sheet . Concentration of Credit Risk Schlumberger’s assets that are exposed to concentrations of credit risk consist primarily of cash, short-term investments, fixed income investments held to maturity, receivables from clients and derivative financial instruments. Schlumberger places its cash, short-term investments and fixed income investments held to maturity with financial institutions and corporations, and limits the amount of credit exposure with any one of them. Schlumberger regularly evaluates the creditworthiness of the issuers in which it invests. By using derivative financial instruments to hedge certain exposure s , Schlumberger exposes itself to some credit risk. Schlumberger minimizes this credit risk by entering into transactions with high-quality counterparties, limiting the exposure to each counterparty and monitoring the financial condition of its counterparties. Schlumberger operates in more than 85 countries and as such, its accounts receivable are spread over many countries and customers. As of December 31, 2015, only two countries (Venezuela and Mexico) individually accounted for greater than 10% of Schlumberger ’s accounts receivable balance. Schlumberger has experienced delays in payment from its national oil company customer in Venezuela. Schlumberger maintains an allowance for uncollectible accounts receivable based on expected collectibility and performs ongoing credit evaluations of its customers’ financial condition. If the financial condition of its customers were to deteriorate resulting in an impairment of their ability to make payments, adjustments to the allowance may be required. Earnings per Share The following is a reconciliation from basic to diluted earnings per share from continuing operations of Schlumberger for each of the last three years: (Stated in millions, except per share amounts) Schlumberger Income from Continuing Operations Average Shares Outstanding Earnings per Share from Continuing Operations 2015: Basic ............................................... $ 2,072 1,267 $ 1.63 Assumed exercise of stock options .......................... - 4 Unvested restricted stock ................................. - 4 Diluted ............................................. $ 2,072 1,275 $ 1.63 2014: Basic ............................................... $ 5,643 1,295 $ 4.36 Assumed exercise of stock options ........................... - 9 Unvested restricted stock .................................. - 4 Diluted ............................................. $ 5,643 1,308 $ 4.31 2013: Basic ............................................... $ 6,801 1,323 $ 5.14 Assumed exercise of stock options ........................... - 6 Unvested restricted stock .................................. - 4 Diluted ............................................. $ 6,801 1,333 $ 5.10 Employee stock options to purchase 20 million, 5 million and 12 million shares of common stock at December 31, 2015 , 2014 and 2013 , respectively, were outstanding but not included in the computation of diluted earnings per share because the option exercise price was greater than the average market price of the common stock, and therefore the effect on diluted earnings per share would have been anti-dilutive. Recently Issued Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers . This ASU amends the existing accounting standards for revenue recognition and is based on the principle that revenue should be recognized to depict the transfer of goods or services to a customer at an amount that reflects the consideration a company expects to receive in exchange for those goods or services. Schlumberger is required to adopt this ASU on January 1, 20 18, with early adoption permitted on January 1, 2017, and does not expect this ASU to have a material impact on its consolidated financial statements. In November 2015, the FASB issued ASU 2015-17 , Balance Sheet Classification of Deferred Taxes , which amends existing guidance on income taxes to require the classification of all deferred tax assets and liabilities as non-current on the balance sheet. Schlumberger is required to adopt this ASU no later than January 1, 2018 , with early adoption permitted, and the guidance may be applied either prospectively or retrospectively. Schlumberger does not expect this ASU to have a material impact on its consolidated financial statements. |
Charges and Credits
Charges and Credits | 12 Months Ended |
Dec. 31, 2015 | |
Restructuring And Related Activities [Abstract] | |
Charges and Credits | 3. Charges and Credits Schlumberger recorded the following charges and credits in continuing operations during 20 15 , 20 14 and 20 13 : 2015 Schlumberger decided to reduce its headcount during the first quarter of 2015 as a result of the severe fall in activity in North America, combined with the impact of lower international activity due to customer budget cuts driven by lower oil prices . Schlumberger recorded a $ 390 million charge during the first quarter associated with this headcount reduction as well as an incentivized leave of absence program. Based on the activity outlook for 2016, as well as to further streamline its support structure, Schlumberger decided to further reduce its headcount and expand its incentivized leave of absence program during the fourth quarter of 2015. Schlumberger recorded an additional $ 530 million charge during the fourth quarter associated with these actions . Approximately $ 360 million of the costs remained unpaid as of December 31, 2015. As a result of unfavorable oil and gas industry market conditions that have continued to deteriorate and their impact on the activity outlook, Schlumberger determined that the carrying values of certain assets were no longer recoverable and also took certain decisions that resulted in the following impairment and restructuring charges during the fourth quarter of 2015: - $ 776 million of fixed asset impairments primarily related to underutilized pressure pumping and other equipment in North America, as well as certain lower-tier drilling rigs. The fair value of these assets was based on the projected present value of future cash flow s that these assets are expected to generate. - $ 269 million to write-down the carrying value of certain inventory, primarily in North America . - $ 182 million to reduce the carrying value of an investment in an SPM project to its estimated fair value , as a result of the recent decline in commodity prices and considering t his project is approaching the end of its contractual term . T he fair value of this investment was estimated based on the projected present value of its future cash flows . - $ 177 million associated with certain of Schlumberger’s owned and leased facilities , including the expected sale of certain properties and the termination of certain leases. - $ 77 million relating to assets that are no longer recoverable as a result of geopolitical issues in certain countries in the Middle East . - $ 41 million relating to contract termination costs . - $ 84 million of other charges associated with current market conditions, including $ 40 million relating to an other -than-temporary impairment of marketable securities and $ 15 million relating to the impairment of an equity-method investment. Because certain of these impairment charges were estimated based on the projected present value of future cash flows, which included unobservable inputs that required significant judgments, additional charges may be required in future periods should industry conditions worsen . In February 2015, the Venezuelan government replaced the SICAD II exchange rate (described in further detail below) with a new foreign exchange market system known as SIMADI. The SIMADI exchange rate was approximately 192 Venezuela n Bolivares fuertes to the US dollar as of March 31, 2015. As a result, Schlumberger recorded a $ 49 million devaluation charge during the first quarter of 2015, reflecting the adoption of the SIMADI exchange rate. This change result s in a reduction in the US dollar reported amount of local currency denominated revenues, expenses and, consequently, income before taxes and net income in Venezuela. If Schlumberger had applied an exchange rate of 192 Venezuelan Bolivares fuertes to the US dollar throughout 2014, it would have reduced Schlumberger earnings by approximately $0.09 per share. The following is a summary of these charges and credits , all of which were classified as Impairments & other in the Consolidated Statement of Income : (Stated in millions) Pretax Tax Net Workforce reductions ..................................... $ 920 $ 107 $ 813 Fixed asset impairments .................................... 776 141 635 Inventory write-downs ..................................... 269 27 242 Impairment of SPM project ................................. 182 36 146 Facility closures ......................................... 177 37 140 Geopolitical events ....................................... 77 - 77 Currency devaluation loss in Venezuela ......................... 49 - 49 Contract termination costs .................................. 41 2 39 Other ................................................ 84 7 77 $ 2,575 $ 357 $ 2,218 2014 Due to the expectation of lower exploration spending as a result of lower commodity prices, during the fourth quarter of 2014, Schlumberger decided to restructure its WesternGeco marine seismic fleet in order to lower its operating costs. Three previous-generation acquisition vessels with lower towing capacity and higher operating costs will be converted to source vessels, allowing for the termination of two third-party source vessel leases and the retirement of two owned source vessels. As a result of this restructuring, Schlumberger performed an impairment test and determined that the carrying values of certain of its vessels exceeded their respective fair values by $ 590 million. This impairment charge relates to the six Explorer-class vessels that were acquired at a premium in the 2007 purchase of Eastern Echo Holdings Plc. The fair value of these vessels was estimated primarily based on the replacement cost method, which was largely based on unobservable inputs that required significant judgments. In addition to the $ 590 million impairment charge relating to these six vessels, Schlumberger also recorded an $ 85 million impairment charge relating to a seismic intangible asset and $ 131 million of other charges primarily related to lease termination costs and other seismic assets as a result of the restructuring. Schlumberger did not incur any significant cash expenditures as a result of these charges. During 2014, Venezuela enacted certain changes to its foreign exchange system such that, in addition to the official rate of 6.3 Venezuelan Bolivares fuertes per US dollar, there were two other legal exchange rates that could be obtained via different exchange rate mechanisms at the time . These changes included the expansion of what was known as the SICAD I auction rate and the introduction of the SICAD II auction process. The SICAD I and SICAD II exchange rates were approximately 11 and 50 Venezuelan Bolivares fuertes to the US dollar, respectively, at December 31, 2014. Schlumberger had historically applied the official exchange rate to remeasure local currency transactions and balances into US dollars. Effective December 31, 2014, Schlumberger concluded that it was appropriate to apply the SICAD II exchange rate as it believe d that rate best represent ed the economics of Schlumberger’s business activity in Venezuela. As a result, Schlumberger recorded a $ 472 million devaluation charge during the fourth quarter of 2014. In response to lower commodity pricing and anticipated lower exploration and production spending in 2015, Schlumberger decided during the fourth quarter of 2014 to reduce its overall headcount primarily to better align with anticipated activity levels for 2015. As a result of these reductions, Schlumberger recorded a charge of $ 296 million in the fourth quarter of 2014. During the fourth quarter of 2014, Schlumberger determined that, primarily as a result of the recent decline in commodity prices, the carrying value of its investment in an SPM development project in the Eagle Ford Shale was in excess of its fair value. Accordingly, Schlumberger recorded a $ 199 million impairment charge. The fair value of this investment was estimated based on the projected present value of future cash flows. The following is a summary of these charges , all of which were classified as Impairments & other in the Consolidated Statement of Income : (Stated in millions) Pretax Tax Net WesternGeco restructuring .................................. $ 806 $ 25 $ 781 Currency devaluation loss in Venezuela ......................... 472 - 472 Workforce reduction ...................................... 296 37 259 Impairment of SPM project ................................. 199 72 127 $ 1,773 $ 134 $ 1,639 2013 During the fourth quarter, Schlumberger recorded a $ 152 million provision relating to accounts receivable from a client in Brazil that filed for bankruptcy , which is classified in Cost of revenue in the Consolidated Statement of Income . During the second quarter, Schlumberger recorded a $ 1.028 billion gain as a result of the deconsolidation of its subsea business in connection with the formation of the OneSubsea joint venture with Cameron , which is classified as Gain on formation of OneSubsea in the Consolidated Statement of Income . Refer to Note 4 – Acquisitions for further details. During the second quarter, Schlumberger recorded a $ 222 million impairment charge relating to an investment in a company involved in developing drilling-related technology and a $ 142 million impairment charge relating to an investment in a contract drilling business , both of which are classified in Impairments & other in the Consolidated Statement of Income . In February 2013, Venezuela’s currency was devalued from the prior exchange rate of 4.3 Bolivar f uertes per US dollar to 6.3 Bolivar fuertes per US dollar. As a result, Schlumberger recorded a $ 92 million devaluation charge during the first quarter of 2013 , which is classified in Impairments & other in the Consolidated Statement of Income . The following is a summary of these charges and credits: (Stated in millions) Pretax Tax Net Gain on formation of OneSubsea joint venture ..................... $ (1,028 ) $ - $ (1,028 ) Impairment of equity method investments ........................ 364 19 345 Provision for accounts receivable .............................. 152 30 122 Currency devaluation loss in Venezuela ......................... 92 - 92 $ (420 ) $ 49 $ (469 ) |
Acquisitions
Acquisitions | 12 Months Ended |
Dec. 31, 2015 | |
Business Combinations [Abstract] | |
Acquisitions | 4. Acquisitions Formation of OneSubsea Joint Venture On June 30, 2013, Schlumberger and Cameron completed the formation of OneSubsea , a joint venture to manufacture and develop products, systems and services for the subsea oil and gas market. Schlumberger and Cameron each contributed all of their respective subsea businesses to the joint venture and Schlumberger made a $ 600 million cash payment to Cameron. Schlumberger owns 40 % of OneSubsea and account s for this investment under the equity method. Schlumberger recognized a pretax and after-tax gain of $ 1.028 billion, which is classified as Gain on formation of OneSubsea in the Consolidated Statement of Income , as a result of the deconsolidation of its subsea business. This gain is equal to the difference between the fair value of the Schlumberger subsea business, which was determined based on the present value of its estimated future cash flows, and its carrying value at the time of closing. Other Schlumberger made other acquisitions and investments for cash payments, net of cash acquired, of $ 443 m illion during 2015 , $ 1.008 b illion during 2014 , and $ 610 million during 2013 . Additionally, during 2014 Schlumberger issued 2.1 million shares of its common stock, valued at $ 213 million, in connection with an acquisition. None of these transactions were significant to Schlumberger’s consolidated financial statements , either individually or in the aggregate. |
Inventories
Inventories | 12 Months Ended |
Dec. 31, 2015 | |
Inventory Disclosure [Abstract] | |
Inventories | 5. Inventories A summary of inventories , which are stated at the lower of average cost or market follows: (Stated in millions) 2015 2014 Raw materials & field materials $ 2,300 $ 2,666 Work in progress ................................................. 178 273 Finished goods .................................................. 1,278 1,689 $ 3,756 $ 4,628 |
Fixed Assets
Fixed Assets | 12 Months Ended |
Dec. 31, 2015 | |
Property Plant And Equipment [Abstract] | |
Fixed Assets | 6. Fixed Assets A summary of fixed assets follows: (Stated in millions) 2015 2014 Land ......................................................... $ 425 $ 445 Buildings & improvements .......................................... 3,960 3,733 Machinery & equipment ............................................ 31,885 31,937 Seismic vessels .................................................. 850 849 37,120 36,964 Less: Accumulated depreciation ....................................... 23,705 21,568 $ 13,415 $ 15,396 The estimated useful lives of Buildings & improvements are primarily 25 to 30 years. The estimated useful lives of Machinery & equipment are primarily 5 to 10 years. Seismic vessels are depreciated over periods ranging from 20 to 30 years. Depreciation expense , which is recorded on a straight-line basis, was $ 3. 2 billion, $ 3. 2 billion and $ 3.1 billion in 2015 , 2014 and 2013 , respectively . |
Multiclient Seismic Data
Multiclient Seismic Data | 12 Months Ended |
Dec. 31, 2015 | |
Multiclient Seismic Data [Abstract] | |
Multiclient Seismic Data | 7. Multiclient Seismic Data The change in the carrying amount of multiclient seismic data is as follows: (Stated in millions) 2015 2014 Balance at beginning of year ......................................... $ 793 $ 667 Capitalized in period .............................................. 486 321 Charged to expense ............................................... (253 ) (195 ) $ 1,026 $ 793 |
Goodwill
Goodwill | 12 Months Ended |
Dec. 31, 2015 | |
Goodwill And Intangible Assets Disclosure [Abstract] | |
Goodwill | 8. Goodwill The changes in the carrying amount of goodwill by reporting unit were as follows: (Stated in millions) Reservoir Characterization Drilling Production Total Balance, January 1, 2014 ........................... $ 3,737 $ 8,315 $ 2,654 $ 14,706 Acquisitions .................................... 15 271 551 837 Reallocation .................................... 83 (83 ) - - Impact of changes in exchange rates (23 ) (15 ) (18 ) (56 ) Balance, December 31, 2014 ......................... 3,812 8,488 3,187 15,487 Acquisitions .................................... 38 130 76 244 Impact of changes in exchange rates .................... (52 ) (34 ) (40 ) (126 ) Balance, December 31, 2015 ......................... $ 3,798 $ 8,584 $ 3,223 $ 15,605 |
Intangible Assets
Intangible Assets | 12 Months Ended |
Dec. 31, 2015 | |
Goodwill And Intangible Assets Disclosure [Abstract] | |
Intangible Assets | 9. Intangible Assets A summary of intangible assets follows: (Stated in millions) 2015 2014 Gross Accumulated Net Book Gross Accumulated Net Book Book Value Amortization Value Book Value Amortization Value Customer Relationships $ 2,489 $ 645 $ 1,844 2,531 523 $ 2,008 Technology/Technical Know-How 1,864 653 1,211 1,747 535 1,212 Tradenames 1,625 367 1,258 1,641 319 1,322 Other ...................... 513 257 256 380 268 112 $ 6,491 $ 1,922 $ 4,569 $ 6,299 $ 1,645 $ 4,654 Customer relationships are generally amortized over periods ranging from 18 to 28 years, technology\technical know-how are generally amortized over periods ranging from 10 to 18 years, and tradenames are generally amortized over periods ranging from 15 to 30 years. Amortization expense was $ 354 million in 2015, $ 344 million in 2014 and $ 330 million in 2013. Based on the carrying value of intangible assets at December 31, 2015 , a mortization expense for the subsequent five years is estimated to be as follows: 2016 : $ 373 million, 2017 : $ 365 million, 2018 : $ 357 million, 2019 : $ 341 million and 2020 : $ 319 million. |
Long-term Debt and Debt Facilit
Long-term Debt and Debt Facility Agreements | 12 Months Ended |
Dec. 31, 2015 | |
Debt Disclosure [Abstract] | |
Long-term Debt and Debt Facility Agreements | 10. Long-term Debt and Debt Facility Agreements Long-term Debt consists of the following: (Stated in millions) 2015 2014 4.00 % Senior Notes due 2025 (1) ...................................... $ 1,741 $ - 3.30 % Senior Notes due 2021 ......................................... 1,597 1,597 3.00 % Senior Notes due 2020 (1) ...................................... 1,591 - 3.65 % Senior Notes due 2023 ......................................... 1,496 1,495 2.35 % Senior Notes due 2018 (1) ...................................... 1,297 - 4.20 % Senior Notes due 2021 ......................................... 1,100 1,100 1.25 % Senior Notes due 2017 ......................................... 1,000 1,000 2.40 % Senior Notes due 2022 ......................................... 999 999 3.63 % Senior Notes due 2022 (1) ...................................... 845 - 1.50 % Guaranteed Notes due 2019 (2) ................................... 566 628 1.90 % Senior Notes due 2017 (1) ...................................... 499 - 1.95 % Senior Notes due 2016 ......................................... - 1,100 2.65 % Senior Notes due 2016 (3) ...................................... - 500 Commercial paper borrowings ........................................ 1,000 1,538 Other ......................................................... 711 608 $ 14,442 $ 10,565 (1) If the closing of the Cameron merger does not occur on or prior to August 25, 2016 (which may be extended to November 25, 2016 under certain circumstances ) or if the Cameron merger agreement is terminated at any time prior thereto, these notes will be subject to a special mandatory redemption. The special mandatory redemption price will be equal to 101 % of the aggregate principal amount of the notes that are redeemed, plus accrued and unpaid interest. ( 2 ) Schlumberger maintains a € 5 .0 billion Guaranteed Euro Medium Term Note program that provides for the issuance of various types of debt instruments such as fixed or floating rate notes in euro, US dollar or other currencies. Schlumberger issued € 0.5 billion 1.50 % Guaranteed Notes due 2019 under this program in the fourth quarter of 2013. Schlumberger entered into agreements to swap these euro notes for US dollars on the date of issue until maturity, effectively making this a US dollar denominated debt on which Schlumberger will pay interest in US dollars at a rate equal to three-month LIBOR plus approximately 64 basis points. ( 3 ) Schlumberger entered into agreements to swap these dollar notes for euros on the date of issue until maturity, effectively making this a euro-denominated debt on which Schlumberger pays interest at a rate of 2.39 %. Schlumberger Limited fully and unconditionally guarantees the securities issued by certain of its subsidiaries, including securities issued by Schlumberger Investment SA, a wholly-owned finance subsidiary of Schlumberger. At December 31, 2015 , Schlumberger had separate committed debt facility agreements aggregating $ 3.8 billion with commercial banks, of which $ 1.4 billion was available and unused. This included $ 3.5 billion of committed facilities which support commercial paper program s in the United States and Europe , of which $ 250 m illion mature s in July 2016, $ 1.75 billion mature s in July 201 8 , and $ 1.5 billion mature s in November 2018 . Interest rates and other terms of borrowing under these lines of credit vary from country to country. Commercial paper borrowings are classified as long-term debt to the extent of their backup by available and unused committed credit facilities maturing in more than one year and to the extent it is Schlumberger’s intent to maintain these obligations for longer than one year. Borrowings under the commercial paper program at December 31, 2015 were $ 2.4 billion, of which $ 1.0 billion was classified within Long-term debt and $ 1.4 billion was classified in Long-term debt – current portion in the Consolidated Balance Sheet . At December 31, 2014 , b orrowings under the commercial paper program were $ 1.5 million , all of which were classified within Long-term debt in the Consolidated Balance Sheet . The weighted average interest rate on variable rate debt as of December 31, 2015 was 1.0 %. Long-term Debt as of December 31, 2015 , is due as follows: $ 1.5 billion in 20 17 , $ 2.6 billion in 201 8 , $ 0.9 billion in 20 19, $ 1.6 billion in 2020, $ 2.7 billion in 2021, $ 1.9 billion in 2022 , $ 1.5 billion in 202 3 and $ 1.7 billion in 2025 . The fair value of Schlumberger’s Long-term Debt at December 31, 2015 and December 31, 2014 was $ 14.4 billion and $ 10.7 billion, respectively, and was estimated based on quoted market prices. |
Derivative Instruments and Hedg
Derivative Instruments and Hedging Activities | 12 Months Ended |
Dec. 31, 2015 | |
Derivative Instruments And Hedging Activities Disclosure [Abstract] | |
Derivative Instruments and Hedging Activities | 11. Derivative Instruments and Hedging Activities Schlumberger is exposed to market risks related to fluctuations in interest rates and foreign currency exchange rates. To mitigate these risks, Schlumberger utilizes derivative instruments. Schlumberger does not enter into derivative transactions for speculative purposes. Interest Rate Risk Schlumberger is subject to interest rate risk on its debt and its investment portfolio. Schlumberger maintains an interest rate risk management strategy that uses a mix of variable and fixed rate debt combined with its investment portfolio and occasionally interest rate swaps to mitigate the exposure to changes in interest rates. During the fourth quarter of 2013, Schlumberger entered into a cross currency swap for a notional amount of € 0.5 billion in order to hedge changes in the fair value of Schlumberger’s € 0.5 billion 1.50% Guaranteed Notes due 2019. Under the terms of this swap, Schlumberger will receive interest at a fixed rate of 1.50% on the euro notional amount and pay interest at a floating rate of three-month LIBOR plus approximately 64 basis points on the US dollar notional amount. This cross currency swap is designated as a fair value hedge of the underlying debt. This derivative instrument is marked to market with gains and losses recognized currently in income to largely offset the respective gains and losses recognized on changes in the fair value of the hedged debt. At December 31, 2015 , Schlumberger had fixed rate debt aggregating $ 13.8 billion and variable rate debt aggregating $ 5.2 billion, after taking into account the effect of the swap. Short-term investments and Fixed income investments , held to maturity , totaled $ 10.7 billion at December 31, 2015 . The carrying value of these investments approximated fair value, which was estimated using quoted market prices for those or similar investments. Foreign Currency Exchange Rate Risk As a multinational company, Schlumberger conducts its business in approximately 85 countries. Schlumberger’s functional currency is primarily the US dollar . Approximately 83 % of Schlumberger’s revenue s in 2015 was denominated in US dollars. However, outside the United States, a significant portion of Schlumberger’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 Schlumberger conducts business, the US dollar–reported expenses will increase (decrease). Schlumberger 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. Schlumberger is also exposed to risks on future cash flows relating to certain of its fixed rate debt which is denominated in currencies other than the functional currency. Schlumberger uses foreign currency forward contracts and foreign currency options to provide a hedge against a portion of these cash flow risks. These contracts are accounted for as cash flow hedges, with the effective portion of changes in the fair value of the hedge 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. The ineffective portion of changes in the fair value of hedging instruments, if any, is recorded directly to earnings. At December 31, 2015 , Schlumberger recognized a cumulative net $ 39 million loss in Accumulated other comprehensive loss relating to revaluation of foreign currency forward contracts and foreign currency options designated as cash flow hedges, the majority of which is expected to be reclassified into earnings within the next 12 months. Schlumberger is exposed to changes in the fair value of assets and liabilities which are denominated in currencies other than the functional currency. While Schlumberger uses foreign currency forward contracts and foreign currency options 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 contracts are recorded on the Consolidated Balance Sheet and changes in the fair value are recognized in the Consolidated Statement of Income as are changes in fair value of the hedged item. Transaction losses of $ 27 million, $ 67 million and $ 24 million, net of related hedging activities , were recognized in the Consolidated Statement of Income in 2015, 2014 and 2013, respectively. At December 31, 2015 , contracts were outstanding for the US dollar equivalent of $ 3.8 billion in various foreign currencies, of which $ 1.2 billion relate s to hedges of debt denominated in currencies other than the functional currency. The fair values of outstanding derivative instruments are summarized as follows: (Stated in millions) Fair Value of Derivatives Consolidated Balance Sheet Classification 2015 2014 Derivative Assets Derivatives designated as hedges: Foreign exchange contracts ......................... $ 4 $ 3 Other current assets Foreign exchange contracts ......................... 6 32 Other Assets $ 10 $ 35 Derivatives not designated as hedges: Foreign exchange contracts ......................... $ 15 $ 5 Other current assets $ 25 $ 40 Derivative Liabilities Derivatives designated as hedges: Foreign exchange contracts ......................... $ 37 $ 80 Accounts payable and accrued liabilities Foreign exchange contracts ......................... 3 105 Other Liabilities Cross currency swap ............................. 22 42 Other Liabilities $ 62 $ 227 Derivatives not designated as hedges: Foreign exchange contracts ......................... $ 25 $ 28 Accounts payable and accrued liabilities $ 87 $ 255 The fair value of all outstanding derivatives is determined using a model with inputs that are observable in the market or can be derived from or corroborated by observable data. The effect of derivative instruments designated as fair value hedges and those not designated as hedges on the Consolidated Statement of Income was as follows: (Stated in millions) Gain (Loss) Recognized in Income 2015 2014 2013 Consolidated Statement of Income Classification Derivatives designated as fair value hedges: Cross currency swap ............................. $ (64 ) $ (82 ) $ 15 Interest expense Derivatives not designated as hedges: Foreign exchange contracts ......................... $ (154 ) $ (95 ) $ (2 ) Cost of revenue |
Stockholders' Equity
Stockholders' Equity | 12 Months Ended |
Dec. 31, 2015 | |
Equity [Abstract] | |
Stockholders' Equity | 12. Stockholders’ Equity Schlumberger is authorized to issue 4,500,000,000 shares of common stock, par value $ 0.01 per share, of which 1,256,367,980 and 1,275,312,404 shares were outstanding on December 31, 2015 and 2014 , respectively. Holders of common stock are entitled to one vote for each share of stock held. Schlumberger is also authorized to issue 200,000,000 shares of preferred stock, par value $ 0.01 per share, which may be issued in series with terms and conditions determined by the Board of Directors. No shares of preferred stock have been issued. Accumulated Other Comprehensive Loss consists of the following: (Stated in millions) Unrealized Pension and Currency Gain/(Loss) on Other Translation Marketable Cash Flow Postretirement Adjustments Securities Hedges Benefit Plans Total Balance, January 1, 2013 ............ $ (917 ) $ 141 $ 30 $ (3,142 ) $ (3,888 ) Other comprehensive income (loss) before reclassifications (151 ) 35 49 1,328 1,261 Amounts reclassified from accumulated other comprehensive loss - - (50 ) 425 375 Income taxes .................. - - - (302 ) (302 ) Balance, December 31, 2013 .......... (1,068 ) 176 29 (1,691 ) (2,554 ) Other comprehensive income (loss) before reclassifications (463 ) (166 ) (238 ) (1,285 ) (2,152 ) Amounts reclassified from accumulated other comprehensive loss - - 113 305 418 Income taxes .................. - - 82 82 Balance, December 31, 2014 .......... (1,531 ) 10 (96 ) (2,589 ) (4,206 ) Other comprehensive income (loss) before reclassifications (522 ) (50 ) (178 ) (210 ) (960 ) Amounts reclassified from accumulated other comprehensive loss - 40 235 407 682 Income taxes .................. - - - (74 ) (74 ) Balance, December 31, 2015 .......... $ (2,053 ) $ - $ (39 ) $ (2,466 ) $ (4,558 ) Other comprehensive loss was $ 352 million in 2015 and $ 1.652 b illion in 2014 . Other comprehensive income was $ 1 . 334 billion in 2013 . |
Stock-based Compensation Plans
Stock-based Compensation Plans | 12 Months Ended |
Dec. 31, 2015 | |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | |
Stock-based Compensation Plans | 13. Stock-based Compensation Plans Schlumberger has three types of stock-based compensation programs: ( i ) stock options, (ii) a restricted stock , restricted stock unit and performance share unit program (collectively referred to as “restricted stock”) and (iii) a discounted stock purchase plan (“DSPP”). Stock Options Key employees are granted stock options under Schlumberger stock option plans. For all stock options granted, the exercise price equals the average of the high and low sales prices of Schlumberger stock on the date of grant; the maximum term is ten years, and the options generally vest in increments over five years. The fair value of each stock option grant was estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions and resulting weighted-average fair value per share: 2015 2014 2013 Dividend yield ......................................... 2.3 % 1.6 % 1.7 % Expected volatility ...................................... 36 % 37 % 38 % Risk free interest rate ..................................... 1.7 % 2.2 % 1.2 % Expected option life in years ................................ 7.0 7.0 7.0 Weighted-average fair value per share ......................... $ 25.96 $ 34.20 $ 23.93 The following table summarizes information concerning options outstanding and options exercisable as of December 31, 2015 : (Shares stated in thousands) Options Outstanding Options Exercisable Weighted- average remaining Weighted- Weighted- Options contractual life average Options average Exercise prices range Outstanding (in years) exercise price Exercisable exercise price $37.85 - $67.87 ............................. 4,882 2.5 $ 51.61 4,857 $ 51.53 $68.51 - $70.93 ............................. 7,499 5.6 $ 69.81 4,873 $ 69.26 $72.11 - $78.31 ............................. 8,927 7.0 $ 73.56 3,206 $ 72.51 $83.88 - $84.93 ............................. 7,585 4.4 $ 84.17 6,514 $ 84.21 $88.61 - $114.83 ............................ 12,194 8.0 $ 95.48 2,920 $ 96.55 41,087 6.1 $ 78.73 22,370 $ 73.79 The weighted average remaining contractual life of stock options exercisable as of December 31, 2015 was 4.4 years. The following table summarizes stock option activity during the years ended December 31, 2015 , 2014 and 20 13 : (Shares stated in thousands) 2015 2014 2013 Weighted- Weighted- Weighted- average average average exercise exercise exercise Shares price Shares price Shares price Outstanding at beginning of year ............. 38,583 $ 76.10 41,939 $ 70.33 42,059 $ 67.77 Granted .............................. 7,118 $ 86.86 6,105 $ 99.04 6,570 $ 72.16 Exercised ............................. (2,561 ) $ 60.10 (8,269 ) $ 64.19 (5,168 ) $ 51.73 Forfeited ............................. (2,053 ) $ 80.34 (1,192 ) $ 73.56 (1,522 ) $ 70.57 Outstanding at year-end ................... 41,087 $ 78.73 38,583 $ 76.10 41,939 $ 70.33 The aggregate intrinsic value of both stock options outstanding and stock options exercisable as of December 31, 2015 was $ 93 million , respectively . The total intrinsic value of options exercised during the years ended December 31, 2015 , 2014 and 2013 was $ 62 million, $ 314 million and $ 176 million, respectively. Restricted Stock Schlumberger grants performance share units to certain executives. The number of shares earned is determined at the end of each performance period, which is generally three years, based on Schlumberger’s achievement of a predefined return on capital employed (“ROCE”), as defined in the underlying performance share unit agreement. In the event the ROCE exceeds the predefined target, shares for up to the maximum of 250 % of the target award may be granted. In the event the ROCE falls below the predefined target, a reduced number of shares may be granted. If the ROCE falls below the threshold award performance level, no shares will be granted. As of December 31, 2015 , performance share units of 0.9 million were outstanding based on the achievement of 100% of target . All other restricted stock awards generally vest at the end of three years. Restricted stock awards do not pay dividends or allow voting rights during the performance period. Accordingly, the fair value of the restricted stock award is the quoted market price of Schlumberger’s stock on the date of grant less the present value of the expected dividends not received during the vesting period. The following table summarizes information about all restricted stock transactions: (Shares stated in thousands) 2015 2014 2013 Weighted Weighted Weighted Average Average Average Restricted Grant Date Restricted Grant Date Restricted Grant Date Stock Fair Value Stock Fair Value Stock Fair Value Unvested at beginning of year ............... 4,138 $ 80.80 4,171 $ 76.01 3,566 $ 73.62 Granted .............................. 1,254 $ 82.37 1,341 $ 96.08 1,949 $ 75.65 Vested ............................... (1,495 ) $ 71.30 (1,186 ) $ 81.59 (958 ) $ 66.98 Forfeited ............................. (326 ) $ 83.86 (188 ) $ 78.68 (386 ) $ 74.53 Unvested at year-end ..................... 3,571 $ 85.04 4,138 $ 80.80 4,171 $ 76.01 Discounted Stock Purchase Plan Under the terms of the DSPP, employees can choose to have a portion of their earnings withheld, subject to certain restrictions, to purchase Schlumberger common stock. The purchase price of the stock is 92.5% of the lower of the stock price at the beginning or end of the plan period at six-month intervals. The fair value of the employees’ purchase rights under the DSPP was estimated using the Black-Scholes model with the following assumptions and resulting weighted average fair value per share: 2015 2014 2013 Dividend yield .......................................... 2.3 % 1.6 % 1.7 % Expected volatility ....................................... 27 % 19 % 24 % Risk free interest rate ..................................... 0.2 % 0.1 % 0.1 % Weighted-average fair value per share .......................... $ 12.45 $ 12.67 $ 9.91 Total Stock-based Compensation Expense The following summarizes stock-based compensation expense recognized in income: (Stated in millions) 2015 2014 2013 Stock options .......................................... $ 176 $ 177 $ 165 Restricted stock ......................................... 107 114 110 DSPP ............................................... 43 38 40 $ 326 $ 329 $ 315 At December 31, 2015 , there was $ 480 million of total unrecognized compensation cost related to nonvested stock-based compensation arrangements , of which $ 215 million is expected to be recognized in 2016 , $ 137 million in 2017 , $ 80 million in 2018 , $ 40 million in 2019 and $ 8 million in 2020 . As of December 31, 2015 , approximately 27 million shares of Schlumberger common stock were available for future grants under Schlumberger’s stock-based compensation programs . |
Income Taxes
Income Taxes | 12 Months Ended |
Dec. 31, 2015 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | 14. Income Taxes Schlumberger operates in more than 100 tax jurisdictions, where statutory tax rates generally vary from 0 % to 40 %. Income from continuing operations before taxes subject to United States and non-United States income taxes for each of the three years ended December 31, were as follows: (Stated in millions) 2015 2014 2013 United States ....................................... $ (691 ) $ 1,990 $ 1,904 Outside United States .................................. 3,572 5,649 6,787 $ 2,881 $ 7,639 $ 8,691 Schlumberger recorded pretax charges of $ 2.575 billion in 2015 ($ 883 million in the US and $ 1.692 billion outside of the US). Schlumberger recorded pretax charges of $ 1.773 billion in 2014 ($ 289 million in the US and $ 1.484 b illion outside the US) and net pretax credits of $ 420 million in 2013 ($ 53 million of charges in the US and $ 473 million of net credits outside the US ). These charges and credits are included in the table above and are more fully described in Note 3 – Charges and Credits . The components of net deferred tax assets (liabilities) were as follows: (Stated in millions) 2015 2014 Postretirement benefits ............................................. $ 266 $ 327 Intangible assets ................................................. (1,418 ) (1,435 ) Investments in non-US subsidiaries ..................................... (152 ) (227 ) Fixed assets, net ................................................. (176 ) (331 ) Inventories ..................................................... 159 112 Other, net ...................................................... 454 402 $ (867 ) $ (1,152 ) The above deferred tax balances at December 31, 2015 and 2014 were net of valuation allowances relating to net operating losses in certain countries of $ 162 million and $ 190 million, respectively. Schlumberger generally does not provide income taxes relating to undistributed earnings, as the earnings either would not be taxable when remitted or are considered to be indefinitely reinvested. The components of Taxes on income were as follows: (Stated in millions) 2015 2014 2013 Current: United States-Federal .................................. $ 90 $ 718 $ 682 United States-State .................................... 12 51 60 Outside United States .................................. 1,085 1,380 1,211 1,187 2,149 1,953 Deferred: United States-Federal .................................. $ (356 ) $ (194 ) $ (109 ) United States-State .................................... (19 ) (9 ) (4 ) Outside United States .................................. (52 ) (12 ) 34 Valuation allowance ................................... (14 ) (6 ) (26 ) (441 ) (221 ) (105 ) $ 746 $ 1,928 $ 1,848 A reconciliation of the United States statutory federal tax rate (35%) to the consolidated effective tax rate follows : 2015 2014 2013 US federal statutory rate ................................ 35 % 35 % 35 % Non-US income taxed at different rates ...................... (13 ) (11 ) (12 ) Charges and credits (See Note 3) .......................... 6 3 (2 ) Other ............................................ (2 ) (2 ) - 26 % 25 % 21 % A number of the jurisdictions in which Schlumberger operates have tax laws that are not fully defined and are evolving. Schlumberger’s tax filings are subject to regular audit by the tax authorities. These audits may result in assessments for additional taxes which are resolved with the authorities or, potentially, through the courts. Tax liabilities are recorded based on estimates of additional taxes that will be due upon the conclusion of these audits. Due to the uncertain and complex application of tax regulations, the ultimate resolution of audits may result in liabilities which could be materially different from these estimates. A reconciliation of the beginning and ending amount of liabilities associated with uncertain tax positions for the years ended December 31, 2015 , 2014 and 2013 is as follows: (Stated in millions) 2015 2014 2013 Balance at beginning of year ............................. $ 1,402 $ 1,452 $ 1,453 Additions based on tax positions related to the current year ......... 140 154 146 Additions for tax positions of prior years ..................... 136 96 109 Additions related to acquisitions ........................... 5 43 - Impact of changes in exchange rates ........................ (78 ) (62 ) (47 ) Settlements with tax authorities ........................... (99 ) (27 ) (64 ) Reductions for tax positions of prior years .................... (203 ) (212 ) (109 ) Reductions due to the lapse of the applicable statute of limitations ..... (18 ) (42 ) (36 ) Balance at end of year ................................. $ 1,285 $ 1,402 $ 1,452 The amounts above exclude accrued interest and penalties of $ 176 million, $ 243 million and $ 253 million at December 31, 2015 , 2014 and 2013 , respectively. Schlumberger classifies interest and penalties relating to uncertain tax positions within Taxes on income in the Consolidated Statement of Income . The following table summarizes the tax years that are either currently under audit or remain open and subject to examination by the tax authorities in the most significant jurisdictions in which Schlumberger operates: Brazil ...................................................... 2010 - 2015 Canada ..................................................... 2008 - 2015 Ecuador ..................................................... 2012 - 2015 Mexico ..................................................... 2007 - 2015 Norway ..................................................... 2013 - 2015 Russia ...................................................... 2013 - 2015 Saudi Arabia ................................................. 2001 - 2015 United Kingdom ............................................... 2011 - 2015 United States ................................................. 2014 - 2015 In certain of the jurisdictions noted above, Schlumberger operates through more than one legal entity, each of which may have different open years subject to examination. The table above presents the open years subject to examination for the most material of the legal entities in each jurisdiction. Additionally, it is important to note that tax years are technically not closed until the statute of limitations in each jurisdiction expires. In the jurisdictions noted above, the statute of limitations can extend beyond the open years subject to examination. |
Leases and Lease Commitments
Leases and Lease Commitments | 12 Months Ended |
Dec. 31, 2015 | |
Leases [Abstract] | |
Leases and Lease Commitments | 15. Leases and Lease Commitments Total rental expense was $ 1. 6 billion in 2015 , $ 2.1 billion in 2014 , and $ 1.9 billion in 2013 . Future minimum rental commitments under noncancelable operating leases for each of the next five years are as follows: (Stated in millions) 2016 ...................................................... $ 261 2017 ...................................................... 205 2018 ...................................................... 162 2019 ...................................................... 145 2020 ...................................................... 129 Thereafter .................................................. 526 $ 1,428 |
Contingencies
Contingencies | 12 Months Ended |
Dec. 31, 2015 | |
Commitments And Contingencies Disclosure [Abstract] | |
Contingencies | 16. Contingencies Schlumberger and its subsidiaries are 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 pending legal proceeding is remote. However, litigation is inherently uncertain and it is not possible to predict the disposition of any of these proceedings. |
Segment Information
Segment Information | 12 Months Ended |
Dec. 31, 2015 | |
Segment Reporting [Abstract] | |
Segment Information | 17. Segment Information Schlumberger’s segments are as follows: Reservoir Characterization Group – Consists of the principal Technologies involved in finding and defining hydrocarbon resources . These include WesternGeco , Wireline, Testing Services, Software Integrated Solutions and Integrated Services Management . Drilling Group – Consists of the principal Technologies involved in the drilling and positioning of oil and gas wells . These include Bits & Drilling Tools , M-I SWACO, Drilling & Measurements, Land Rigs and Integrated Drilling Services . Production Group – Consists of the principal Technologies involved in the lifetime production of oil and gas reservoirs . These include Well Services, Completions, Artificial Lift, Well Intervention, Water Services, Integrated Production Services and Schlumberger Production Management. Financial information for the years ended December 31, 2015 , 2014 and 2013 , by segment, is as follows: (Stated in millions) 2015 Depreciation Income and Capital Revenue before taxes Assets Amortization Expenditures Reservoir Characterization ...................... $ 9,501 $ 2,450 $ 8,266 $ 1,279 $ 649 Drilling .................................. 13,563 2,538 8,535 1,177 672 Production ................................ 12,548 1,585 9,937 1,216 825 Eliminations & other ......................... (137 ) (63 ) 2,067 213 264 Pretax operating income ..................... 6,510 Goodwill and intangible assets ................... 20,174 All other assets ............................. 2,262 Corporate & other (1) ......................... (768 ) 16,764 193 Interest income (2) ........................... 30 Interest expense (3) .......................... (316 ) Charges & credits (4) ......................... (2,575 ) $ 35,475 $ 2,881 $ 68,005 $ 4,078 $ 2,410 (Stated in millions) 2014 Depreciation Income and Capital Revenue before taxes Assets Amortization Expenditures Reservoir Characterization ...................... $ 12,905 $ 3,708 $ 9,191 $ 1,459 $ 1,207 Drilling .................................. 18,128 3,805 11,155 1,173 1,328 Production ................................ 17,763 3,193 11,481 1,066 1,192 Eliminations & other .......................... (216 ) (130 ) 1,572 198 249 Pretax operating income ..................... 10,576 Goodwill and intangible assets ................... 20,141 All other assets ............................. 2,186 Corporate & other (1) ......................... (848 ) 11,178 198 Interest income (2) ........................... 31 Interest expense (3) .......................... (347 ) Charges & credits (4) ......................... (1,773 ) $ 48,580 $ 7,639 $ 66,904 $ 4,094 $ 3,976 (Stated in millions) 2013 Depreciation Income and Capital Revenue before taxes Assets Amortization Expenditures Reservoir Characterization ...................... $ 13,050 $ 3,711 $ 9,316 $ 1,402 $ 1,361 Drilling .................................. 16,792 3,238 10,440 1,076 1,289 Production ................................ 15,646 2,624 10,929 1,001 1,126 Eliminations & other ......................... (222 ) (229 ) 2,332 192 167 Pretax operating income ..................... 9,344 Goodwill and intangible assets ................... 19,415 All other assets ............................. 2,618 Corporate & other (1) ......................... (726 ) 12,050 208 Interest income (2) ........................... 22 Interest expense (3) .......................... (369 ) Charges & credits (4) ......................... 420 $ 45,266 $ 8,691 $ 67,100 $ 3,879 $ 3,943 (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. Corporate assets consist of cash, short-term investments, fixed income investments, held to maturity and investments in affiliates. (2 ) Interest income excludes amounts which are included in the segments’ income ( 2015 : $ 22 million; 2014 : $ 20 million; 2013 : $ 11 million). (3) Interest expense excludes amounts which are included in the segments’ income ( 2015 : $ 30 million; 2014 : $ 22 million; 2013 : $ 22 million). (4) See Note 3 – Charges and Credits . Segment assets consist of receivables, inventories, fixed assets , multiclient seismic data and SPM investments . Depreciation and amortization includes depreciation of property, plant and equipment and amortization of intangible assets, multiclient seismic data costs and SPM investments . Revenue by geographic area for the years ended December 31, 2015 , 2014 and 2013 is as follows: (Stated in millions) 2015 2014 2013 North America ......................................... $ 9,811 $ 16,151 $ 13,897 Latin America .......................................... 6,014 7,699 7,754 Europe/CIS/Africa ....................................... 9,284 12,515 12,411 Middle East & Asia ...................................... 9,898 11,875 10,767 Eliminations & other ..................................... 468 340 437 $ 35,475 $ 48,580 $ 45,266 Revenue is based on the location where services are provided. During each of the three years ended December 31, 2015 , 2014 and 2013 , no single customer exceeded 10 % of consolidated revenue. Schlumberger did not have revenue from third-party customers in its country of domicile during the last three years. Revenue in the United States in 2015 , 2014 and 2013 was $ 8.5 billion, $ 14.0 billion and $ 12.0 billion, respectively. Fixed Assets less accumulated depreciation by geographic area are as follows: (Stated in millions) 2015 2014 2013 North America ......................................... $ 4,392 $ 4,885 $ 4,858 Latin America .......................................... 1,728 1,969 1,889 Europe/CIS/Africa ....................................... 2,978 3,640 3,452 Middle East & Asia ...................................... 3,078 3,446 2,991 Unallocated (1) ......................................... 1,239 1,456 1,906 $ 13,415 $ 15,396 $ 15,096 (1) Represents seismic vessels, including the related on-board equipment, which frequently transition between geographic areas. |
Pension and Other Benefit Plans
Pension and Other Benefit Plans | 12 Months Ended |
Dec. 31, 2015 | |
Compensation And Retirement Disclosure [Abstract] | |
Pension and Other Benefit Plans | 18. Pension and Other Benefit Plans Pension Plans Schlumberger sponsors several defined benefit pension plans that cover substantially all US employees hired prior to October 1, 2004. The benefits are based on years of service and compensation, on a career-average pay basis. In addition to the United States defined benefit pension plans, Schlumberger sponsors several other international defined benefit pension plans. The most significant of these international plans are the International Staff Pension Plan and the UK pension plan (collectively, the “International plans”). The International Staff Pension Plan covers certain international employees hired prior to July 1, 2014 and is based on years of service and compensation on a career-average pay basis. The UK plan covers employees hired prior to April 1, 1999, and is based on years of service and compensation, on a final salary basis. The weighted-average assumed discount rate, compensation increases and the expected long-term rate of return on plan assets used to determine the net pension cost for the US and International plans were as follows: US International 2015 2014 2013 2015 2014 2013 Discount rate ........................... 4.15 % 4.85 % 4.25 % 4.07 % 4.76 % 4.38 % Compensation increases ................... 4.00 % 4.00 % 4.00 % 4.79 % 4.80 % 4.83 % Return on plan assets ..................... 7.25 % 7.25 % 7.50 % 7.50 % 7.50 % 7.50 % Net pension cost for 2015 , 2014 and 2013 included the following components: (Stated in millions) US International 2015 2014 2013 2015 2014 2013 Service cost - benefits earned during the period .... $ 86 $ 72 $ 80 $ 167 $ 126 $ 127 Interest cost on projected benefit obligation ...... 170 164 150 297 288 253 Expected return on plan assets ............... (229 ) (208 ) (200 ) (498 ) (450 ) (384 ) Amortization of prior service cost ............. 12 12 12 121 120 117 Amortization of net loss ................... 123 82 122 170 94 155 $ 162 $ 122 $ 164 $ 257 $ 178 $ 268 The weighted-average assumed discount rate and compensation increases used to determine the projected benefit obligations for the US and International plans were as follows: US International 2015 2014 2015 2014 Discount rate .................................... 4.50 % 4.15 % 4.36 % 4.07 % Compensation increases ............................. 4.00 % 4.00 % 4.80 % 4.79 % The changes in the projected benefit obligation, plan assets and funded status of the plans were as follows: (Stated in millions) US International 2015 2014 2015 2014 Change in Projected Benefit Obligations Projected benefit obligation at beginning of year ............ $ 4,137 $ 3,418 $ 7,249 $ 5,981 Service cost .................................... 86 72 167 126 Interest cost .................................... 170 164 297 288 Contribution by plan participants ...................... - - 143 122 Actuarial (gains) losses ............................. (205 ) 627 (203 ) 1,000 Currency effect .................................. - - (66 ) (90 ) Benefits paid ................................... (163 ) (144 ) (247 ) (178 ) Projected benefit obligation at end of year ................ $ 4,025 $ 4,137 $ 7,340 $ 7,249 Change in Plan Assets Plan assets at fair value at beginning of year ............... $ 3,549 $ 3,269 $ 6,830 $ 6,246 Actual return on plan assets .......................... (1 ) 339 (4 ) 502 Currency effect .................................. - - (69 ) (102 ) Company contributions ............................. 82 85 198 240 Contributions by plan participants ...................... - - 125 122 Benefits paid ................................... (163 ) (144 ) (248 ) (178 ) Plan assets at fair value at end of year ................... $ 3,467 $ 3,549 $ 6,832 $ 6,830 Unfunded Liability ............................... $ (558 ) $ (588 ) $ (508 ) $ (419 ) Amounts Recognized in Balance Sheet Postretirement Benefits ............................. $ (558 ) $ (588 ) $ (657 ) $ (546 ) Other Assets .................................... - - 149 127 $ (558 ) $ (588 ) $ (508 ) $ (419 ) Amounts Recognized in Accumulated Other Comprehensive Loss Actuarial losses .................................. $ 1,008 $ 1,104 $ 335 $ 1,658 Prior service cost ................................. 54 66 - 357 $ 1,062 $ 1,170 $ 335 $ 2,015 Accumulated benefit obligation ....................... $ 3,763 $ 3,805 $ 6,913 $ 6,793 The unfunded liability represents the difference between the plan assets and the projected benefit obligation (“PBO”). The PBO represents the actuarial present value of benefits based on employee service and compensation and includes an assumption about future compensation levels. The accumulated benefit obligation represents the actuarial present value of benefits based on employee service and compensation, but does not include an assumption about future compensation levels. The weighted-average allocation of plan assets and the target allocations by asset category are as follows: US International Target 2015 2014 Target 2015 2014 Equity securities ......................... 37 - 56 % 52 % 48 % 45 - 71 % 64 % 58 % Debt securities .......................... 35 - 62 36 42 20 - 35 27 32 Cash and cash equivalents .................. 0 - 3 2 5 0 - 5 2 4 Alternative investments .................... 0 - 10 10 8 0 - 25 7 6 100 % 100 % 100 % 100 % 100 % 100 % Asset performance is monitored frequently with an overall expectation that plan assets will meet or exceed the weighted index of its target asset allocation and component benchmark over rolling five -year periods. The expected long-term rate of return on assets assumptions reflect the average rate of earnings expected on funds invested or to be invested. The assumptions have been determined based on expectations regarding future rates of return for the portfolio considering the asset allocation and related historical rates of return. The appropriateness of the assumptions is reviewed annually. The fair value of Schlumberger’s pension plan assets at December 31, 2015 and 201 4 , by asset category, is presented below and was determined based on valuation techniques categorized as follows: Level One: The use of quoted prices in active markets for identical instruments. Level Two: The use of quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active or other inputs that are observable in the market or can be corroborated by observable market data. Level Three: The use of significant unobservable inputs that typically require the use of management’s estimates of assumptions that market participants would use in pricing. (Stated in millions) US Plan Assets 2015 2014 Level Level Level Level Level Level Total One Two Three Total One Two Three Asset Category: Cash and Cash Equivalents .......... $ 86 $ 40 $ 46 $ - $ 59 $ 40 $ 19 $ - Equity Securities: US (a) ....................... 1,195 655 540 1,149 622 527 International (b) ................ 605 473 132 552 433 119 Debt Securities Corporate bonds (c) .............. 599 599 654 654 Government and government-related debt securities (d) 589 159 430 735 175 560 Collateralized mortgage obligations and mortgage backed securities (e) 65 65 107 107 Alternative Investments: Private equity (f) ................ 203 203 210 210 Real estate (g) .................. 125 125 83 83 Total .......................... $ 3,467 $ 1,327 $ 1,812 $ 328 $ 3,549 $ 1,270 $ 1,986 $ 293 (Stated in millions) International Plan Assets 2015 2014 Level Level Level Level Level Level Total One Two Three Total One Two Three Asset Category: Cash and Cash Equivalents .......... $ 138 $ 115 $ 23 $ - $ 264 $ 174 $ 90 $ - Equity Securities: US (a) ....................... 2,736 2,240 496 2,432 1,757 675 International (b) ................. 1,639 1,179 460 1,534 1,047 487 Debt Securities Corporate bonds (c) .............. 657 657 780 780 Government and government-related debt securities (d) 1,036 8 1,028 1,181 8 1,173 Collateralized mortgage obligations and mortgage backed securities (e) 143 143 256 256 Alternative Investments: Private equity (f) ................ 331 331 246 246 Real estate (g) .................. 49 49 49 49 Other ........................ 103 103 88 88 Total .......................... $ 6,832 $ 3,542 $ 2,807 $ 483 $ 6,830 $ 2,986 $ 3,461 $ 383 (a) US equities include companies that are well diversified by industry sector and equity style (i.e., growth and value strategies). Active and passive management strategies are employed. Investments are primarily in large capitalization stocks and, to a lesser extent, mid- and small-cap stocks. (b) International equities are invested in companies that are traded on exchanges outside the US and are well diversified by industry sector, country and equity style. Active and passive strategies are employed. The vast majority of the investments are made in companies in developed markets with a small percentage in emerging markets. (c) Corporate bonds consist primarily of investment grade bonds from diversified industries. (d) Government and government-related debt securities are comprised primarily of inflation - protected US treasuries and, to a lesser extent, other government-related securities. (e) Collateralized mortgage obligations and mortgage backed-securities are debt obligations that represent claims to the cash flows from pools of mortgage loans , which are purchased from banks, mortgage companies, and other originators and then assembled into pools by governmental, quasi-governmental and private entities. (f) Private equity includes investments in several fund of funds limited partnerships. (g) Real estate primarily includes investments in real estate limited partnerships, concentrated in commercial real estate. Schlumberger’s funding policy is to annually contribute amounts that are based upon a number of factors including the actuarial accrued liability, amounts that are deductible for income tax purposes, legal funding requirements and available cash flow. Schlumberger currently anticipates contributing approximately $ 350 million to its postretirement benefit plans in 2016 , subject to market and business conditions. Postretirement Benefits Other T han Pensions Schlumberger provides certain healthcare benefits to certain former US employees who have retired. During the fourth quarter of 2014 Schlumberger announced that, effective April 1, 2015, it will change the way it provides healthcare coverage to certain retirees who are age 65 and over. Under the amended plan, these retirees transferred to individual coverage under the Medicare Exchange. Schlumberger will subsidize the cost of the program by providing these retirees with a Health Reimbursement Account. The annual subsidy may be increased based on medical cost inflation, but it will not be increased more than 5 % in any given year. The actuarial assumptions used to determine the accumulated postretirement benefit obligation and net periodic benefit cost for the US postretirement medical plan were as follows: Benefit Obligations Net Periodic Benefit At December 31, Cost for the year 2015 2014 2015 2014 2013 Discount rate ............................... 4.50 % 4.15 % 4.15 % 4.85 % 4.25 % Return on plan assets .......................... - - 7.00 % 7.00 % 7.00 % Current medical cost trend rate ................... 7.00 % 7.00 % 7.00 % 7.25 % 7.50 % Ultimate medical cost trend rate .................. 5.00 % 5.00 % 5.00 % 5.00 % 5.00 % Year that the rate reaches the ultimate trend rate ........ 2023 2023 2023 2023 2023 The net periodic benefit cost for the US postretirement medical plan included the following components: (Stated in millions) 2015 2014 2013 Service cost ........................................... $ 42 $ 43 $ 48 Interest cost ........................................... 48 60 56 Expected return on plan assets ............................... (52 ) (45 ) (37 ) Amortization of prior service credit ............................ (32 ) (4 ) (4 ) Amortization of net loss ................................... 13 1 23 $ 19 $ 55 $ 86 The changes in the accumulated postretirement benefit obligation, plan assets and funded status were as follows: (Stated in millions) 2015 2014 Change in Projected Benefit Obligations Benefit obligation at beginning of year .................................. $ 1,221 $ 1,247 Service cost .................................................... 42 43 Interest cost .................................................... 48 60 Contribution by plan participants ...................................... 7 6 Actuarial (gains) losses ............................................ (168 ) 210 Benefits paid ................................................... (47 ) (46 ) Plan amendments ................................................ - (299 ) Benefit obligation at end of year ....................................... $ 1,103 $ 1,221 Change in Plan Assets Plan assets at fair value at beginning of year ............................... $ 854 $ 731 Company contributions ............................................ 66 65 Contributions by plan participants ..................................... 7 6 Benefits paid ................................................... (47 ) (46 ) Actual return on plan assets .......................................... 4 98 Plan assets at fair value at end of year ................................... $ 884 $ 854 Unfunded Liability ............................................... $ (219 ) $ (367 ) Amounts Recognized in Accumulated Other Comprehensive Loss Actuarial losses .................................................. $ 106 $ 242 Prior service cost ................................................. (275 ) (307 ) $ (169 ) $ (65 ) The unfunded liability is included in Postretirement Benefits in the Consolidated Balance Sheet . The assets of the US postretirement medical plan are invested 60 % in equity securities and 40 % in debt securities at December 31, 2015 . The fair value of these assets was primarily determined based on Level Two valuation techniques. Assumed health care cost trend rates have a significant effect on the amounts reported for the US postretirement medical plan. A one percentage point change in assumed health care cost trend rates would have the following effects: (Stated in millions) One percentage One percentage point increase point decrease Effect on total service and interest cost components .......................... $ 7 $ (6 ) Effect on accumulated postretirement benefit obligation ....................... $ 37 $ (33 ) Other Information The expected benefits to be paid under the US and International pension plans as well as the postretirement medical plan were as follows: (Stated in millions) Pension Benefits Postretirement US International Medical Plan 2016 ................................................ $ 176 $ 242 $ 50 2017 ................................................ $ 183 $ 259 $ 53 2018 ................................................ $ 189 $ 278 $ 57 2019 ................................................ $ 197 $ 294 $ 60 2020 ................................................ $ 205 $ 310 $ 62 2021-2025 ............................................ $ 1,152 $ 1,781 $ 341 Included in Accumulated other comprehensive loss at December 31, 2015 are non-cash pretax charges which have not yet been recognized in net periodic benefit cost. The estimated portion of each component of Accumulated other comprehensive loss which is expected to be recognized as a component of net periodic benefit cost during the year ending December 31, 2016 is as follows: (Stated in millions) Postretirement Pension Plans Medical Plan Net actuarial losses ............................................... $ 163 $ - Prior service cost (credit) ........................................... $ 133 $ (32 ) In addition to providing defined pension benefits and a postretirement medical plan, Schlumberger and its subsidiaries have other deferred benefit programs, primarily profit sharing and defined contribution pension plans. Expenses for these programs were $ 565 million, $ 749 million and $ 671 million in 2015 , 2014 and 2013 , respectively. |
Supplementary Information
Supplementary Information | 12 Months Ended |
Dec. 31, 2015 | |
Segment Reporting [Abstract] | |
Supplementary Information | 19. Supplementary Information Cash paid for interest and income taxes was as follows: (Stated in millions) 2015 2014 2013 Interest ................................................. $ 346 $ 389 $ 369 Income tax ............................................... $ 1,567 $ 2,048 $ 1,729 During the fourth quarter of 2015, Schlumberger entered into an agreement with one of its customers to receive certain fixed assets in lieu of payment of approximately $ 200 million of accounts receivable . Interest and other income includes the following: (Stated in millions) 2015 2014 2013 Interest income ............................................ $ 52 $ 51 $ 33 Earnings of equity method investments ............................. 184 240 132 $ 236 $ 291 $ 165 The change in Allowance for doubtful accounts is as follows: (Stated in millions) 2015 2014 2013 Balance at beginning of year .................................... $ 275 $ 384 $ 202 Provision ................................................ 75 39 205 Amounts written off ......................................... (17 ) (148 ) (23 ) Balance at end of year ........................................ $ 333 $ 275 $ 384 Accounts payable and accrued liabilities are summarized as follows: (Stated in millions) 2015 2014 Payroll, vacation and employee benefits .................................. $ 1,424 $ 1,899 Trade ......................................................... 3,243 4,344 Other ......................................................... 3,060 3,003 $ 7,727 $ 9,246 |
Discontinued Operations
Discontinued Operations | 12 Months Ended |
Dec. 31, 2015 | |
Discontinued Operations And Disposal Groups [Abstract] | |
Discontinued Operations | 20. Discontinued Operations During the second quarter of 2013, Schlumberger completed the wind down of its operations in Iran and, therefore, classified the historical results of this business as a discontinued operation. In 2009, the US Department of Justice began an investigation into past violations of US sanctions regarding Schlumberger’s historical operations in Iran and Sudan that occurred between 2004 and 2010. During the second quarter of 2014, Schlumberger increase d its accrual for this contingency. Accordingly, Schlumberger recorded a $ 205 million charge, which was reflected within Loss from discontinued operations in the Consolidated Statement of Income during the second quarter of 2014. During 2015, Schlumberger resolved this investigation and a non-US subsidiary of Schlumberger pleaded guilty to one criminal count of conspiracy to violate the International Emergency Economic Powers Act. Under the terms of the plea agreement, Schlumberger paid approximately $ 233 million in fines, penalties and assessments during the second quarter of 2015, which had been previously accrued. This payment is reflected within Cash flows used in discontinued operations – operating activities in Schlumberger’s Consolidated Statement of Cash Flows. The following table summarizes the results of these discontinued operations: (Stated in millions) 2014 2013 Revenue ...................................................... $ - $ 102 Loss before taxes ................................................. $ (205 ) (63 ) Tax expense .................................................... - (6 ) Loss from discontinued operations ..................................... $ (205 ) $ (69 ) |
Summary of Accounting Policies
Summary of Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2015 | |
Accounting Policies [Abstract] | |
Use of Estimates | Use of Estimates The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. On an ongoing basis, Schlumberger evaluates its estimates, including those related to collectibility of accounts receivable; recoverability of fixed assets , goodwill, intangible assets , Schlumberger Production Management investments and investments in affiliates; income taxes; multiclient seismic data; contingencies and actuarial assumptions for employee benefit plans. Schlumberger bases its estimates on historical experience and other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. |
Revenue Recognition | Revenue Recognition Schlumberger recognizes revenue based upon purchase orders, contracts or other persuasive evidence of an arrangement with the customer that include fixed or determinable prices provided that collectibility is reasonably assured. Revenue is recognized for services when they are rendered. Revenue is recognized for products upon delivery and when the customer assumes the risks and rewards of ownership. Revenue from seismic contract services performed on a dayrate basis is recognized as the service is performed. Revenue from other services, including pre-funded multiclient surveys, is recognized as the seismic data is acquired and/or processed on a proportionate basis as work is performed. This method requires revenue to be recognized based upon quantifiable measures of progress, such as square kilometers acquired. Multiclient data surveys are licensed or sold to customers on a non-transferable basis. Revenue from sales of completed multiclient data surveys is recognized upon obtaining a signed licensing agreement and providing customers with access to such data. Revenue is occasionally generated from contractual arrangements that include multiple deliverables. Revenue from these arrangements is recognized as each item is delivered based on their relative fair value , provided that the delivered items have stand-alone value to the customer. Revenue derived from the sale of licenses of Schlumberger software may include installation, maintenance, consulting and training services. If services are not essential to the functionality of the software, the revenue for each element of the contract is recognized separately based on its respective vendor specific objective evidence of fair value when all of the following conditions are met: a signed contract is obtained, delivery has occurred, the fee is fixed or determinable and collectibility is probable. |
Short-term and Fixed Income Investments | Short-term and Fixed Income Investments The Consolidated Balance Sheet reflects the Schlumberger investment portfolio separated between current and long term, based on maturity. Both Short-term investments and Fixed Income Investments, held to maturity are comprised primarily of money market funds, time deposits, certificates of deposit, commercial paper, bonds and notes, substantially all of which are denominated in US dollars. Under normal circumstances Schlumberger intends to hold such investments until maturity . These investments are stated at cost plus accrued interest, which approximates market. For purposes of the Consolidated Statement of Cash Flows , Schlumberger does not consider Short-term investments to be cash equivalents. Fixed Income Investments, held to maturity at December 31, 2015 of $ 418 million mature as follows: $ 107 million in 2017 , $ 298 million in 2018 , $ 12 million in 2019 and $ 1 million in 2020 . |
Investments in Affiliated Companies | Investments in Affiliated Companies Investments in companies in which Schlumberger does not have a controlling financial interest, but over which it has significant influence are accounted for using the equity method. Schlumberger’s share of the after-tax earnings of equity method investees is included in Interest and other income . Investments in privately held companies in which Schlumberger does not have the ability to exercise significant influence are accounted for using the cost method. Investments in publicly traded companies in which Schlumberger does not have significant influence are accounted for as available-for-sale marketable securities. These marketable securities are reported at fair value, based on quoted market prices, with unrealized gains and losses reported as a component of Accumulated other comprehensive loss . The fair value of these marketable securities was $ 41 million at December 31, 2015 ( $ 91 million at December 31, 2014) . The cost basis of these marketable securities was $ 41 million at December 31, 2015 ( $ 81 million at December 31, 2014) after reflecting a $ 40 million other-than-tempora r y impairment charge recorded during the fourth quarter of 2015. Equity and cost method investments as well as investments in publicly traded companies are classified as Investments in Affiliated Companies in the Consolidated Balance Sheet . |
Multiclient Seismic Data | Multiclient Seismic Data The multiclient library consists of completed and in-process seismic surveys that are licensed on a nonexclusive basis. Schlumberger capitalizes costs directly incurred in acquiring and processing the multiclient seismic data. Such costs are charged to Cost of revenue based on the percentage of the total costs to the estimated total revenue that Schlumberger expects to receive from the sales of such data. However, under no circumstance will an individual survey carry a net book value greater than a 4-year, straight-line amortized value. The carrying value of the multiclient library is reviewed for impairment annually as well as when an event or change in circumstance indicating impairment may have occurred. Adjustments to the carrying value are recorded when it is determined that estimated future cash flows, which involves significant judgment on the part of Schlumberger, would not be sufficient to recover the carrying value of the surveys. Significant adverse changes in Schlumberger’s estimated future cash flows could result in impairment charges in a future period. |
Schlumberger Production Management | Schlumberger Production Management Schlumberger Production Management ( “ SPM ” ) projects are focused on developing and co-managing the production of Schlumberger customers’ assets under long-term agreements. Schlumberger will invest its own services, products and in some cases cash, into the field development activities and operations. Although in certain arrangements Schlumberger is paid for a portion of the services or products it provides, generally Schlumberger will not be paid at the time of providing its services or upon delivery of its products. Instead, Schlumberger is compensated based upon cash flow generated or on a fee-per-barrel basis . This may include certain arrangements whereby Schlumberger is only compensated based upon incremental production it helps deliver above a mutually agreed baseline. Schlumberger capitalizes its cash investments in a project as well as the direct costs associated with providing services or products for which Schlumberger will be compensated when the related production is achieved . Revenue is recognized as the related production is achieved. These capitalized investments are amortized to the Consolidated Statement of Income as the related oil production is achieved based on the units of production method, whereby each unit produced is assigned a pro-rata portion of the unamortized costs based on estimated total production, resulting in a matching of revenue with the applicable costs. The unamortized portion of Schlumberger’s investments in SPM projects was approximately $ 1.829 billion and $ 1.411 billion at December 31, 2015 and 2014 , respectively. These amounts are included within Other Assets in Schlumberger’s Consolidated Balance Sheet . |
Concentration of Credit Risk | Concentration of Credit Risk Schlumberger’s assets that are exposed to concentrations of credit risk consist primarily of cash, short-term investments, fixed income investments held to maturity, receivables from clients and derivative financial instruments. Schlumberger places its cash, short-term investments and fixed income investments held to maturity with financial institutions and corporations, and limits the amount of credit exposure with any one of them. Schlumberger regularly evaluates the creditworthiness of the issuers in which it invests. By using derivative financial instruments to hedge certain exposure s , Schlumberger exposes itself to some credit risk. Schlumberger minimizes this credit risk by entering into transactions with high-quality counterparties, limiting the exposure to each counterparty and monitoring the financial condition of its counterparties. Schlumberger operates in more than 85 countries and as such, its accounts receivable are spread over many countries and customers. As of December 31, 2015, only two countries (Venezuela and Mexico) individually accounted for greater than 10% of Schlumberger ’s accounts receivable balance. Schlumberger has experienced delays in payment from its national oil company customer in Venezuela. Schlumberger maintains an allowance for uncollectible accounts receivable based on expected collectibility and performs ongoing credit evaluations of its customers’ financial condition. If the financial condition of its customers were to deteriorate resulting in an impairment of their ability to make payments, adjustments to the allowance may be required. |
Earnings per Share | Earnings per Share The following is a reconciliation from basic to diluted earnings per share from continuing operations of Schlumberger for each of the last three years: (Stated in millions, except per share amounts) Schlumberger Income from Continuing Operations Average Shares Outstanding Earnings per Share from Continuing Operations 2015: Basic ............................................... $ 2,072 1,267 $ 1.63 Assumed exercise of stock options .......................... - 4 Unvested restricted stock ................................. - 4 Diluted ............................................. $ 2,072 1,275 $ 1.63 2014: Basic ............................................... $ 5,643 1,295 $ 4.36 Assumed exercise of stock options ........................... - 9 Unvested restricted stock .................................. - 4 Diluted ............................................. $ 5,643 1,308 $ 4.31 2013: Basic ............................................... $ 6,801 1,323 $ 5.14 Assumed exercise of stock options ........................... - 6 Unvested restricted stock .................................. - 4 Diluted ............................................. $ 6,801 1,333 $ 5.10 Employee stock options to purchase 20 million, 5 million and 12 million shares of common stock at December 31, 2015 , 2014 and 2013 , respectively, were outstanding but not included in the computation of diluted earnings per share because the option exercise price was greater than the average market price of the common stock, and therefore the effect on diluted earnings per share would have been anti-dilutive. |
Recently Issued Accounting Pronouncements | Recently Issued Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers . This ASU amends the existing accounting standards for revenue recognition and is based on the principle that revenue should be recognized to depict the transfer of goods or services to a customer at an amount that reflects the consideration a company expects to receive in exchange for those goods or services. Schlumberger is required to adopt this ASU on January 1, 20 18, with early adoption permitted on January 1, 2017, and does not expect this ASU to have a material impact on its consolidated financial statements. In November 2015, the FASB issued ASU 2015-17 , Balance Sheet Classification of Deferred Taxes , which amends existing guidance on income taxes to require the classification of all deferred tax assets and liabilities as non-current on the balance sheet. Schlumberger is required to adopt this ASU no later than January 1, 2018 , with early adoption permitted, and the guidance may be applied either prospectively or retrospectively. Schlumberger does not expect this ASU to have a material impact on its consolidated financial statements. |
Summary of Accounting Policie30
Summary of Accounting Policies (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Accounting Policies [Abstract] | |
Reconciliation of Earnings Per Share from Continuing Operations | The following is a reconciliation from basic to diluted earnings per share from continuing operations of Schlumberger for each of the last three years: (Stated in millions, except per share amounts) Schlumberger Income from Continuing Operations Average Shares Outstanding Earnings per Share from Continuing Operations 2015: Basic ............................................... $ 2,072 1,267 $ 1.63 Assumed exercise of stock options .......................... - 4 Unvested restricted stock ................................. - 4 Diluted ............................................. $ 2,072 1,275 $ 1.63 2014: Basic ............................................... $ 5,643 1,295 $ 4.36 Assumed exercise of stock options ........................... - 9 Unvested restricted stock .................................. - 4 Diluted ............................................. $ 5,643 1,308 $ 4.31 2013: Basic ............................................... $ 6,801 1,323 $ 5.14 Assumed exercise of stock options ........................... - 6 Unvested restricted stock .................................. - 4 Diluted ............................................. $ 6,801 1,333 $ 5.10 |
Charges and Credits (Tables)
Charges and Credits (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Restructuring And Related Activities [Abstract] | |
Summary of the Charges | The following is a summary of these charges and credits , all of which were classified as Impairments & other in the Consolidated Statement of Income : (Stated in millions) Pretax Tax Net Workforce reductions ..................................... $ 920 $ 107 $ 813 Fixed asset impairments .................................... 776 141 635 Inventory write-downs ..................................... 269 27 242 Impairment of SPM project ................................. 182 36 146 Facility closures ......................................... 177 37 140 Geopolitical events ....................................... 77 - 77 Currency devaluation loss in Venezuela ......................... 49 - 49 Contract termination costs .................................. 41 2 39 Other ................................................ 84 7 77 $ 2,575 $ 357 $ 2,218 The following is a summary of these charges , all of which were classified as Impairments & other in the Consolidated Statement of Income : (Stated in millions) Pretax Tax Net WesternGeco restructuring .................................. $ 806 $ 25 $ 781 Currency devaluation loss in Venezuela ......................... 472 - 472 Workforce reduction ...................................... 296 37 259 Impairment of SPM project ................................. 199 72 127 $ 1,773 $ 134 $ 1,639 The following is a summary of these charges and credits: (Stated in millions) Pretax Tax Net Gain on formation of OneSubsea joint venture ..................... $ (1,028 ) $ - $ (1,028 ) Impairment of equity method investments ........................ 364 19 345 Provision for accounts receivable .............................. 152 30 122 Currency devaluation loss in Venezuela ......................... 92 - 92 $ (420 ) $ 49 $ (469 ) |
Inventories (Tables)
Inventories (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Inventory Disclosure [Abstract] | |
Inventory Disclosure | A summary of inventories , which are stated at the lower of average cost or market follows: (Stated in millions) 2015 2014 Raw materials & field materials $ 2,300 $ 2,666 Work in progress ................................................. 178 273 Finished goods .................................................. 1,278 1,689 $ 3,756 $ 4,628 |
Fixed Assets (Tables)
Fixed Assets (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Property Plant And Equipment [Abstract] | |
Property, Plant and Equipment | A summary of fixed assets follows: (Stated in millions) 2015 2014 Land ......................................................... $ 425 $ 445 Buildings & improvements .......................................... 3,960 3,733 Machinery & equipment ............................................ 31,885 31,937 Seismic vessels .................................................. 850 849 37,120 36,964 Less: Accumulated depreciation ....................................... 23,705 21,568 $ 13,415 $ 15,396 |
Multiclient Seismic Data (Table
Multiclient Seismic Data (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Multiclient Seismic Data [Abstract] | |
Multiclient Seismic Data | The change in the carrying amount of multiclient seismic data is as follows: (Stated in millions) 2015 2014 Balance at beginning of year ......................................... $ 793 $ 667 Capitalized in period .............................................. 486 321 Charged to expense ............................................... (253 ) (195 ) $ 1,026 $ 793 |
Goodwill (Tables)
Goodwill (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Goodwill And Intangible Assets Disclosure [Abstract] | |
Changes in Carrying Amount of Goodwill | The changes in the carrying amount of goodwill by reporting unit were as follows: (Stated in millions) Reservoir Characterization Drilling Production Total Balance, January 1, 2014 ........................... $ 3,737 $ 8,315 $ 2,654 $ 14,706 Acquisitions .................................... 15 271 551 837 Reallocation .................................... 83 (83 ) - - Impact of changes in exchange rates (23 ) (15 ) (18 ) (56 ) Balance, December 31, 2014 ......................... 3,812 8,488 3,187 15,487 Acquisitions .................................... 38 130 76 244 Impact of changes in exchange rates .................... (52 ) (34 ) (40 ) (126 ) Balance, December 31, 2015 ......................... $ 3,798 $ 8,584 $ 3,223 $ 15,605 |
Intangible Assets (Tables)
Intangible Assets (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Goodwill And Intangible Assets Disclosure [Abstract] | |
Schedule of Intangible Assets by Major Class | A summary of intangible assets follows: (Stated in millions) 2015 2014 Gross Accumulated Net Book Gross Accumulated Net Book Book Value Amortization Value Book Value Amortization Value Customer Relationships $ 2,489 $ 645 $ 1,844 2,531 523 $ 2,008 Technology/Technical Know-How 1,864 653 1,211 1,747 535 1,212 Tradenames 1,625 367 1,258 1,641 319 1,322 Other ...................... 513 257 256 380 268 112 $ 6,491 $ 1,922 $ 4,569 $ 6,299 $ 1,645 $ 4,654 |
Long-term Debt and Debt Facil37
Long-term Debt and Debt Facility Agreements (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Debt Disclosure [Abstract] | |
Long-term Debt | Long-term Debt consists of the following: (Stated in millions) 2015 2014 4.00 % Senior Notes due 2025 (1) ...................................... $ 1,741 $ - 3.30 % Senior Notes due 2021 ......................................... 1,597 1,597 3.00 % Senior Notes due 2020 (1) ...................................... 1,591 - 3.65 % Senior Notes due 2023 ......................................... 1,496 1,495 2.35 % Senior Notes due 2018 (1) ...................................... 1,297 - 4.20 % Senior Notes due 2021 ......................................... 1,100 1,100 1.25 % Senior Notes due 2017 ......................................... 1,000 1,000 2.40 % Senior Notes due 2022 ......................................... 999 999 3.63 % Senior Notes due 2022 (1) ...................................... 845 - 1.50 % Guaranteed Notes due 2019 (2) ................................... 566 628 1.90 % Senior Notes due 2017 (1) ...................................... 499 - 1.95 % Senior Notes due 2016 ......................................... - 1,100 2.65 % Senior Notes due 2016 (3) ...................................... - 500 Commercial paper borrowings ........................................ 1,000 1,538 Other ......................................................... 711 608 $ 14,442 $ 10,565 (1) If the closing of the Cameron merger does not occur on or prior to August 25, 2016 (which may be extended to November 25, 2016 under certain circumstances ) or if the Cameron merger agreement is terminated at any time prior thereto, these notes will be subject to a special mandatory redemption. The special mandatory redemption price will be equal to 101 % of the aggregate principal amount of the notes that are redeemed, plus accrued and unpaid interest. ( 2 ) Schlumberger maintains a € 5 .0 billion Guaranteed Euro Medium Term Note program that provides for the issuance of various types of debt instruments such as fixed or floating rate notes in euro, US dollar or other currencies. Schlumberger issued € 0.5 billion 1.50 % Guaranteed Notes due 2019 under this program in the fourth quarter of 2013. Schlumberger entered into agreements to swap these euro notes for US dollars on the date of issue until maturity, effectively making this a US dollar denominated debt on which Schlumberger will pay interest in US dollars at a rate equal to three-month LIBOR plus approximately 64 basis points. ( 3 ) Schlumberger entered into agreements to swap these dollar notes for euros on the date of issue until maturity, effectively making this a euro-denominated debt on which Schlumberger pays interest at a rate of 2.39 %. |
Derivative Instruments and He38
Derivative Instruments and Hedging Activities (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Derivative Instruments And Hedging Activities Disclosure [Abstract] | |
Fair Values of Outstanding Derivative Instruments | The fair values of outstanding derivative instruments are summarized as follows: (Stated in millions) Fair Value of Derivatives Consolidated Balance Sheet Classification 2015 2014 Derivative Assets Derivatives designated as hedges: Foreign exchange contracts ......................... $ 4 $ 3 Other current assets Foreign exchange contracts ......................... 6 32 Other Assets $ 10 $ 35 Derivatives not designated as hedges: Foreign exchange contracts ......................... $ 15 $ 5 Other current assets $ 25 $ 40 Derivative Liabilities Derivatives designated as hedges: Foreign exchange contracts ......................... $ 37 $ 80 Accounts payable and accrued liabilities Foreign exchange contracts ......................... 3 105 Other Liabilities Cross currency swap ............................. 22 42 Other Liabilities $ 62 $ 227 Derivatives not designated as hedges: Foreign exchange contracts ......................... $ 25 $ 28 Accounts payable and accrued liabilities $ 87 $ 255 |
Effect of Derivative Instruments Designated as Fair Value Hedges and Not Designated as Hedges on Consolidated Statement of Income | The effect of derivative instruments designated as fair value hedges and those not designated as hedges on the Consolidated Statement of Income was as follows: (Stated in millions) Gain (Loss) Recognized in Income 2015 2014 2013 Consolidated Statement of Income Classification Derivatives designated as fair value hedges: Cross currency swap ............................. $ (64 ) $ (82 ) $ 15 Interest expense Derivatives not designated as hedges: Foreign exchange contracts ......................... $ (154 ) $ (95 ) $ (2 ) Cost of revenue |
Stockholders' Equity (Tables)
Stockholders' Equity (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Equity [Abstract] | |
Schedule of Accumulated Other Comprehensive Loss | Accumulated Other Comprehensive Loss consists of the following: (Stated in millions) Unrealized Pension and Currency Gain/(Loss) on Other Translation Marketable Cash Flow Postretirement Adjustments Securities Hedges Benefit Plans Total Balance, January 1, 2013 ............ $ (917 ) $ 141 $ 30 $ (3,142 ) $ (3,888 ) Other comprehensive income (loss) before reclassifications (151 ) 35 49 1,328 1,261 Amounts reclassified from accumulated other comprehensive loss - - (50 ) 425 375 Income taxes .................. - - - (302 ) (302 ) Balance, December 31, 2013 .......... (1,068 ) 176 29 (1,691 ) (2,554 ) Other comprehensive income (loss) before reclassifications (463 ) (166 ) (238 ) (1,285 ) (2,152 ) Amounts reclassified from accumulated other comprehensive loss - - 113 305 418 Income taxes .................. - - 82 82 Balance, December 31, 2014 .......... (1,531 ) 10 (96 ) (2,589 ) (4,206 ) Other comprehensive income (loss) before reclassifications (522 ) (50 ) (178 ) (210 ) (960 ) Amounts reclassified from accumulated other comprehensive loss - 40 235 407 682 Income taxes .................. - - - (74 ) (74 ) Balance, December 31, 2015 .......... $ (2,053 ) $ - $ (39 ) $ (2,466 ) $ (4,558 ) |
Stock-based Compensation Plans
Stock-based Compensation Plans (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | |
Weighted Average Assumptions Used in Estimating Fair Value of Stock Options | The fair value of each stock option grant was estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions and resulting weighted-average fair value per share: 2015 2014 2013 Dividend yield ......................................... 2.3 % 1.6 % 1.7 % Expected volatility ...................................... 36 % 37 % 38 % Risk free interest rate ..................................... 1.7 % 2.2 % 1.2 % Expected option life in years ................................ 7.0 7.0 7.0 Weighted-average fair value per share ......................... $ 25.96 $ 34.20 $ 23.93 |
Options Outstanding and Option Exercisable | The following table summarizes information concerning options outstanding and options exercisable as of December 31, 2015 : (Shares stated in thousands) Options Outstanding Options Exercisable Weighted- average remaining Weighted- Weighted- Options contractual life average Options average Exercise prices range Outstanding (in years) exercise price Exercisable exercise price $37.85 - $67.87 ............................. 4,882 2.5 $ 51.61 4,857 $ 51.53 $68.51 - $70.93 ............................. 7,499 5.6 $ 69.81 4,873 $ 69.26 $72.11 - $78.31 ............................. 8,927 7.0 $ 73.56 3,206 $ 72.51 $83.88 - $84.93 ............................. 7,585 4.4 $ 84.17 6,514 $ 84.21 $88.61 - $114.83 ............................ 12,194 8.0 $ 95.48 2,920 $ 96.55 41,087 6.1 $ 78.73 22,370 $ 73.79 |
Summary of Stock Option Activity | The following table summarizes stock option activity during the years ended December 31, 2015 , 2014 and 20 13 : (Shares stated in thousands) 2015 2014 2013 Weighted- Weighted- Weighted- average average average exercise exercise exercise Shares price Shares price Shares price Outstanding at beginning of year ............. 38,583 $ 76.10 41,939 $ 70.33 42,059 $ 67.77 Granted .............................. 7,118 $ 86.86 6,105 $ 99.04 6,570 $ 72.16 Exercised ............................. (2,561 ) $ 60.10 (8,269 ) $ 64.19 (5,168 ) $ 51.73 Forfeited ............................. (2,053 ) $ 80.34 (1,192 ) $ 73.56 (1,522 ) $ 70.57 Outstanding at year-end ................... 41,087 $ 78.73 38,583 $ 76.10 41,939 $ 70.33 |
Restricted Stock Transactions | The following table summarizes information about all restricted stock transactions: (Shares stated in thousands) 2015 2014 2013 Weighted Weighted Weighted Average Average Average Restricted Grant Date Restricted Grant Date Restricted Grant Date Stock Fair Value Stock Fair Value Stock Fair Value Unvested at beginning of year ............... 4,138 $ 80.80 4,171 $ 76.01 3,566 $ 73.62 Granted .............................. 1,254 $ 82.37 1,341 $ 96.08 1,949 $ 75.65 Vested ............................... (1,495 ) $ 71.30 (1,186 ) $ 81.59 (958 ) $ 66.98 Forfeited ............................. (326 ) $ 83.86 (188 ) $ 78.68 (386 ) $ 74.53 Unvested at year-end ..................... 3,571 $ 85.04 4,138 $ 80.80 4,171 $ 76.01 |
Assumptions Used in Estimating Fair Value of Purchase Rights under Discounted Stock Purchase Plan | The fair value of the employees’ purchase rights under the DSPP was estimated using the Black-Scholes model with the following assumptions and resulting weighted average fair value per share: 2015 2014 2013 Dividend yield .......................................... 2.3 % 1.6 % 1.7 % Expected volatility ....................................... 27 % 19 % 24 % Risk free interest rate ..................................... 0.2 % 0.1 % 0.1 % Weighted-average fair value per share .......................... $ 12.45 $ 12.67 $ 9.91 |
Stock-Based Compensation Expense Recognized in Income | The following summarizes stock-based compensation expense recognized in income: (Stated in millions) 2015 2014 2013 Stock options .......................................... $ 176 $ 177 $ 165 Restricted stock ......................................... 107 114 110 DSPP ............................................... 43 38 40 $ 326 $ 329 $ 315 |
Income Taxes (Tables)
Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Income Tax Disclosure [Abstract] | |
Income from Continuing Operations Before Taxes | Income from continuing operations before taxes subject to United States and non-United States income taxes for each of the three years ended December 31, were as follows: (Stated in millions) 2015 2014 2013 United States ....................................... $ (691 ) $ 1,990 $ 1,904 Outside United States .................................. 3,572 5,649 6,787 $ 2,881 $ 7,639 $ 8,691 |
Components of Net Deferred Tax Assets (Liabilities) | The components of net deferred tax assets (liabilities) were as follows: (Stated in millions) 2015 2014 Postretirement benefits ............................................. $ 266 $ 327 Intangible assets ................................................. (1,418 ) (1,435 ) Investments in non-US subsidiaries ..................................... (152 ) (227 ) Fixed assets, net ................................................. (176 ) (331 ) Inventories ..................................................... 159 112 Other, net ...................................................... 454 402 $ (867 ) $ (1,152 ) |
Components of Consolidated Income Taxes | The components of Taxes on income were as follows: (Stated in millions) 2015 2014 2013 Current: United States-Federal .................................. $ 90 $ 718 $ 682 United States-State .................................... 12 51 60 Outside United States .................................. 1,085 1,380 1,211 1,187 2,149 1,953 Deferred: United States-Federal .................................. $ (356 ) $ (194 ) $ (109 ) United States-State .................................... (19 ) (9 ) (4 ) Outside United States .................................. (52 ) (12 ) 34 Valuation allowance ................................... (14 ) (6 ) (26 ) (441 ) (221 ) (105 ) $ 746 $ 1,928 $ 1,848 |
Reconciliation of US Statutory Federal Tax Rate | A reconciliation of the United States statutory federal tax rate (35%) to the consolidated effective tax rate follows : 2015 2014 2013 US federal statutory rate ................................ 35 % 35 % 35 % Non-US income taxed at different rates ...................... (13 ) (11 ) (12 ) Charges and credits (See Note 3) .......................... 6 3 (2 ) Other ............................................ (2 ) (2 ) - 26 % 25 % 21 % |
Reconciliation of Liabilities Associated with Uncertain Tax Provisions | A reconciliation of the beginning and ending amount of liabilities associated with uncertain tax positions for the years ended December 31, 2015 , 2014 and 2013 is as follows: (Stated in millions) 2015 2014 2013 Balance at beginning of year ............................. $ 1,402 $ 1,452 $ 1,453 Additions based on tax positions related to the current year ......... 140 154 146 Additions for tax positions of prior years ..................... 136 96 109 Additions related to acquisitions ........................... 5 43 - Impact of changes in exchange rates ........................ (78 ) (62 ) (47 ) Settlements with tax authorities ........................... (99 ) (27 ) (64 ) Reductions for tax positions of prior years .................... (203 ) (212 ) (109 ) Reductions due to the lapse of the applicable statute of limitations ..... (18 ) (42 ) (36 ) Balance at end of year ................................. $ 1,285 $ 1,402 $ 1,452 |
Tax Years Subject to Examination by Tax Authorities | The following table summarizes the tax years that are either currently under audit or remain open and subject to examination by the tax authorities in the most significant jurisdictions in which Schlumberger operates: Brazil ...................................................... 2010 - 2015 Canada ..................................................... 2008 - 2015 Ecuador ..................................................... 2012 - 2015 Mexico ..................................................... 2007 - 2015 Norway ..................................................... 2013 - 2015 Russia ...................................................... 2013 - 2015 Saudi Arabia ................................................. 2001 - 2015 United Kingdom ............................................... 2011 - 2015 United States ................................................. 2014 - 2015 |
Leases and Lease Commitments (T
Leases and Lease Commitments (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Leases [Abstract] | |
Future Minimum Rental Commitments Under Noncancelable Operating Leases | Future minimum rental commitments under noncancelable operating leases for each of the next five years are as follows: (Stated in millions) 2016 ...................................................... $ 261 2017 ...................................................... 205 2018 ...................................................... 162 2019 ...................................................... 145 2020 ...................................................... 129 Thereafter .................................................. 526 $ 1,428 |
Segment Information (Tables)
Segment Information (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Segment Reporting [Abstract] | |
Schedule of Segment Reporting Information, by Segment | Financial information for the years ended December 31, 2015 , 2014 and 2013 , by segment, is as follows: (Stated in millions) 2015 Depreciation Income and Capital Revenue before taxes Assets Amortization Expenditures Reservoir Characterization ...................... $ 9,501 $ 2,450 $ 8,266 $ 1,279 $ 649 Drilling .................................. 13,563 2,538 8,535 1,177 672 Production ................................ 12,548 1,585 9,937 1,216 825 Eliminations & other ......................... (137 ) (63 ) 2,067 213 264 Pretax operating income ..................... 6,510 Goodwill and intangible assets ................... 20,174 All other assets ............................. 2,262 Corporate & other (1) ......................... (768 ) 16,764 193 Interest income (2) ........................... 30 Interest expense (3) .......................... (316 ) Charges & credits (4) ......................... (2,575 ) $ 35,475 $ 2,881 $ 68,005 $ 4,078 $ 2,410 (Stated in millions) 2014 Depreciation Income and Capital Revenue before taxes Assets Amortization Expenditures Reservoir Characterization ...................... $ 12,905 $ 3,708 $ 9,191 $ 1,459 $ 1,207 Drilling .................................. 18,128 3,805 11,155 1,173 1,328 Production ................................ 17,763 3,193 11,481 1,066 1,192 Eliminations & other .......................... (216 ) (130 ) 1,572 198 249 Pretax operating income ..................... 10,576 Goodwill and intangible assets ................... 20,141 All other assets ............................. 2,186 Corporate & other (1) ......................... (848 ) 11,178 198 Interest income (2) ........................... 31 Interest expense (3) .......................... (347 ) Charges & credits (4) ......................... (1,773 ) $ 48,580 $ 7,639 $ 66,904 $ 4,094 $ 3,976 (Stated in millions) 2013 Depreciation Income and Capital Revenue before taxes Assets Amortization Expenditures Reservoir Characterization ...................... $ 13,050 $ 3,711 $ 9,316 $ 1,402 $ 1,361 Drilling .................................. 16,792 3,238 10,440 1,076 1,289 Production ................................ 15,646 2,624 10,929 1,001 1,126 Eliminations & other ......................... (222 ) (229 ) 2,332 192 167 Pretax operating income ..................... 9,344 Goodwill and intangible assets ................... 19,415 All other assets ............................. 2,618 Corporate & other (1) ......................... (726 ) 12,050 208 Interest income (2) ........................... 22 Interest expense (3) .......................... (369 ) Charges & credits (4) ......................... 420 $ 45,266 $ 8,691 $ 67,100 $ 3,879 $ 3,943 (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. Corporate assets consist of cash, short-term investments, fixed income investments, held to maturity and investments in affiliates. (2 ) Interest income excludes amounts which are included in the segments’ income ( 2015 : $ 22 million; 2014 : $ 20 million; 2013 : $ 11 million). (3) Interest expense excludes amounts which are included in the segments’ income ( 2015 : $ 30 million; 2014 : $ 22 million; 2013 : $ 22 million). (4) See Note 3 – Charges and Credits . |
Revenue by Geographic Area | Revenue by geographic area for the years ended December 31, 2015 , 2014 and 2013 is as follows: (Stated in millions) 2015 2014 2013 North America ......................................... $ 9,811 $ 16,151 $ 13,897 Latin America .......................................... 6,014 7,699 7,754 Europe/CIS/Africa ....................................... 9,284 12,515 12,411 Middle East & Asia ...................................... 9,898 11,875 10,767 Eliminations & other ..................................... 468 340 437 $ 35,475 $ 48,580 $ 45,266 |
Fixed Assets Less Accumulated Depreciation by Geographic Area | Fixed Assets less accumulated depreciation by geographic area are as follows: (Stated in millions) 2015 2014 2013 North America ......................................... $ 4,392 $ 4,885 $ 4,858 Latin America .......................................... 1,728 1,969 1,889 Europe/CIS/Africa ....................................... 2,978 3,640 3,452 Middle East & Asia ...................................... 3,078 3,446 2,991 Unallocated (1) ......................................... 1,239 1,456 1,906 $ 13,415 $ 15,396 $ 15,096 (1) Represents seismic vessels, including the related on-board equipment, which frequently transition between geographic areas. |
Pension and Other Benefit Pla44
Pension and Other Benefit Plans (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Compensation And Retirement Disclosure [Abstract] | |
Weighted-Average Assumed Discount Rate, Compensation Increases and Expected Long-Term Rate of Return on Plan Assets Used to Determine Net Pension Cost for US and International Plans | The weighted-average assumed discount rate, compensation increases and the expected long-term rate of return on plan assets used to determine the net pension cost for the US and International plans were as follows: US International 2015 2014 2013 2015 2014 2013 Discount rate ........................... 4.15 % 4.85 % 4.25 % 4.07 % 4.76 % 4.38 % Compensation increases ................... 4.00 % 4.00 % 4.00 % 4.79 % 4.80 % 4.83 % Return on plan assets ..................... 7.25 % 7.25 % 7.50 % 7.50 % 7.50 % 7.50 % |
Net Pension Cost for Schlumberger Pension Plans and US Postretirement Medical Plan | Net pension cost for 2015 , 2014 and 2013 included the following components: (Stated in millions) US International 2015 2014 2013 2015 2014 2013 Service cost - benefits earned during the period .... $ 86 $ 72 $ 80 $ 167 $ 126 $ 127 Interest cost on projected benefit obligation ...... 170 164 150 297 288 253 Expected return on plan assets ............... (229 ) (208 ) (200 ) (498 ) (450 ) (384 ) Amortization of prior service cost ............. 12 12 12 121 120 117 Amortization of net loss ................... 123 82 122 170 94 155 $ 162 $ 122 $ 164 $ 257 $ 178 $ 268 The net periodic benefit cost for the US postretirement medical plan included the following components: (Stated in millions) 2015 2014 2013 Service cost ........................................... $ 42 $ 43 $ 48 Interest cost ........................................... 48 60 56 Expected return on plan assets ............................... (52 ) (45 ) (37 ) Amortization of prior service credit ............................ (32 ) (4 ) (4 ) Amortization of net loss ................................... 13 1 23 $ 19 $ 55 $ 86 |
Weighted-Average Assumed Discount Rate and Compensation Increases Used to Determine Projected Benefit Obligations for US and International Plans | The weighted-average assumed discount rate and compensation increases used to determine the projected benefit obligations for the US and International plans were as follows: US International 2015 2014 2015 2014 Discount rate .................................... 4.50 % 4.15 % 4.36 % 4.07 % Compensation increases ............................. 4.00 % 4.00 % 4.80 % 4.79 % |
Changes In Projected Benefit Obligation Plan Assets And Funded Status Of Plans | The changes in the projected benefit obligation, plan assets and funded status of the plans were as follows: (Stated in millions) US International 2015 2014 2015 2014 Change in Projected Benefit Obligations Projected benefit obligation at beginning of year ............ $ 4,137 $ 3,418 $ 7,249 $ 5,981 Service cost .................................... 86 72 167 126 Interest cost .................................... 170 164 297 288 Contribution by plan participants ...................... - - 143 122 Actuarial (gains) losses ............................. (205 ) 627 (203 ) 1,000 Currency effect .................................. - - (66 ) (90 ) Benefits paid ................................... (163 ) (144 ) (247 ) (178 ) Projected benefit obligation at end of year ................ $ 4,025 $ 4,137 $ 7,340 $ 7,249 Change in Plan Assets Plan assets at fair value at beginning of year ............... $ 3,549 $ 3,269 $ 6,830 $ 6,246 Actual return on plan assets .......................... (1 ) 339 (4 ) 502 Currency effect .................................. - - (69 ) (102 ) Company contributions ............................. 82 85 198 240 Contributions by plan participants ...................... - - 125 122 Benefits paid ................................... (163 ) (144 ) (248 ) (178 ) Plan assets at fair value at end of year ................... $ 3,467 $ 3,549 $ 6,832 $ 6,830 Unfunded Liability ............................... $ (558 ) $ (588 ) $ (508 ) $ (419 ) Amounts Recognized in Balance Sheet Postretirement Benefits ............................. $ (558 ) $ (588 ) $ (657 ) $ (546 ) Other Assets .................................... - - 149 127 $ (558 ) $ (588 ) $ (508 ) $ (419 ) Amounts Recognized in Accumulated Other Comprehensive Loss Actuarial losses .................................. $ 1,008 $ 1,104 $ 335 $ 1,658 Prior service cost ................................. 54 66 - 357 $ 1,062 $ 1,170 $ 335 $ 2,015 Accumulated benefit obligation ....................... $ 3,763 $ 3,805 $ 6,913 $ 6,793 |
Weighted-Average Allocation of Plan Assets and Target Allocation by Asset Category | The weighted-average allocation of plan assets and the target allocations by asset category are as follows: US International Target 2015 2014 Target 2015 2014 Equity securities ......................... 37 - 56 % 52 % 48 % 45 - 71 % 64 % 58 % Debt securities .......................... 35 - 62 36 42 20 - 35 27 32 Cash and cash equivalents .................. 0 - 3 2 5 0 - 5 2 4 Alternative investments .................... 0 - 10 10 8 0 - 25 7 6 100 % 100 % 100 % 100 % 100 % 100 % |
Fair Value of Schlumberger's Pension Plan Assets | The fair value of Schlumberger’s pension plan assets at December 31, 2015 and 201 4 , by asset category, is presented below and was determined based on valuation techniques categorized as follows: Level One: The use of quoted prices in active markets for identical instruments. Level Two: The use of quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active or other inputs that are observable in the market or can be corroborated by observable market data. Level Three: The use of significant unobservable inputs that typically require the use of management’s estimates of assumptions that market participants would use in pricing. (Stated in millions) US Plan Assets 2015 2014 Level Level Level Level Level Level Total One Two Three Total One Two Three Asset Category: Cash and Cash Equivalents .......... $ 86 $ 40 $ 46 $ - $ 59 $ 40 $ 19 $ - Equity Securities: US (a) ....................... 1,195 655 540 1,149 622 527 International (b) ................ 605 473 132 552 433 119 Debt Securities Corporate bonds (c) .............. 599 599 654 654 Government and government-related debt securities (d) 589 159 430 735 175 560 Collateralized mortgage obligations and mortgage backed securities (e) 65 65 107 107 Alternative Investments: Private equity (f) ................ 203 203 210 210 Real estate (g) .................. 125 125 83 83 Total .......................... $ 3,467 $ 1,327 $ 1,812 $ 328 $ 3,549 $ 1,270 $ 1,986 $ 293 (Stated in millions) International Plan Assets 2015 2014 Level Level Level Level Level Level Total One Two Three Total One Two Three Asset Category: Cash and Cash Equivalents .......... $ 138 $ 115 $ 23 $ - $ 264 $ 174 $ 90 $ - Equity Securities: US (a) ....................... 2,736 2,240 496 2,432 1,757 675 International (b) ................. 1,639 1,179 460 1,534 1,047 487 Debt Securities Corporate bonds (c) .............. 657 657 780 780 Government and government-related debt securities (d) 1,036 8 1,028 1,181 8 1,173 Collateralized mortgage obligations and mortgage backed securities (e) 143 143 256 256 Alternative Investments: Private equity (f) ................ 331 331 246 246 Real estate (g) .................. 49 49 49 49 Other ........................ 103 103 88 88 Total .......................... $ 6,832 $ 3,542 $ 2,807 $ 483 $ 6,830 $ 2,986 $ 3,461 $ 383 (a) US equities include companies that are well diversified by industry sector and equity style (i.e., growth and value strategies). Active and passive management strategies are employed. Investments are primarily in large capitalization stocks and, to a lesser extent, mid- and small-cap stocks. (b) International equities are invested in companies that are traded on exchanges outside the US and are well diversified by industry sector, country and equity style. Active and passive strategies are employed. The vast majority of the investments are made in companies in developed markets with a small percentage in emerging markets. (c) Corporate bonds consist primarily of investment grade bonds from diversified industries. (d) Government and government-related debt securities are comprised primarily of inflation - protected US treasuries and, to a lesser extent, other government-related securities. (e) Collateralized mortgage obligations and mortgage backed-securities are debt obligations that represent claims to the cash flows from pools of mortgage loans , which are purchased from banks, mortgage companies, and other originators and then assembled into pools by governmental, quasi-governmental and private entities. (f) Private equity includes investments in several fund of funds limited partnerships. (g) Real estate primarily includes investments in real estate limited partnerships, concentrated in commercial real estate. |
Defined Benefit Plan Weighted Average Assumptions Used in Calculating Benefit Obligation and Net Periodic Benefit Cost for US Postretirement Medical Plan | The actuarial assumptions used to determine the accumulated postretirement benefit obligation and net periodic benefit cost for the US postretirement medical plan were as follows: Benefit Obligations Net Periodic Benefit At December 31, Cost for the year 2015 2014 2015 2014 2013 Discount rate ............................... 4.50 % 4.15 % 4.15 % 4.85 % 4.25 % Return on plan assets .......................... - - 7.00 % 7.00 % 7.00 % Current medical cost trend rate ................... 7.00 % 7.00 % 7.00 % 7.25 % 7.50 % Ultimate medical cost trend rate .................. 5.00 % 5.00 % 5.00 % 5.00 % 5.00 % Year that the rate reaches the ultimate trend rate ........ 2023 2023 2023 2023 2023 |
Changes in Accumulated Postretirement Benefit Obligation, Plan Assets and Funded Status | The changes in the accumulated postretirement benefit obligation, plan assets and funded status were as follows: (Stated in millions) 2015 2014 Change in Projected Benefit Obligations Benefit obligation at beginning of year .................................. $ 1,221 $ 1,247 Service cost .................................................... 42 43 Interest cost .................................................... 48 60 Contribution by plan participants ...................................... 7 6 Actuarial (gains) losses ............................................ (168 ) 210 Benefits paid ................................................... (47 ) (46 ) Plan amendments ................................................ - (299 ) Benefit obligation at end of year ....................................... $ 1,103 $ 1,221 Change in Plan Assets Plan assets at fair value at beginning of year ............................... $ 854 $ 731 Company contributions ............................................ 66 65 Contributions by plan participants ..................................... 7 6 Benefits paid ................................................... (47 ) (46 ) Actual return on plan assets .......................................... 4 98 Plan assets at fair value at end of year ................................... $ 884 $ 854 Unfunded Liability ............................................... $ (219 ) $ (367 ) Amounts Recognized in Accumulated Other Comprehensive Loss Actuarial losses .................................................. $ 106 $ 242 Prior service cost ................................................. (275 ) (307 ) $ (169 ) $ (65 ) |
Effect of One Percentage Point Change in Assumed Health Care Cost Trend Rates | Assumed health care cost trend rates have a significant effect on the amounts reported for the US postretirement medical plan. A one percentage point change in assumed health care cost trend rates would have the following effects: (Stated in millions) One percentage One percentage point increase point decrease Effect on total service and interest cost components .......................... $ 7 $ (6 ) Effect on accumulated postretirement benefit obligation ....................... $ 37 $ (33 ) |
Expected Benefits to be Paid Under US and International Pension Plans and Postretirement Medical Plan | The expected benefits to be paid under the US and International pension plans as well as the postretirement medical plan were as follows: (Stated in millions) Pension Benefits Postretirement US International Medical Plan 2016 ................................................ $ 176 $ 242 $ 50 2017 ................................................ $ 183 $ 259 $ 53 2018 ................................................ $ 189 $ 278 $ 57 2019 ................................................ $ 197 $ 294 $ 60 2020 ................................................ $ 205 $ 310 $ 62 2021-2025 ............................................ $ 1,152 $ 1,781 $ 341 |
Defined Benefit Plan, Amounts that will be Amortized from Accumulated Other Comprehensive Income (Loss) In Next Fiscal Year | Included in Accumulated other comprehensive loss at December 31, 2015 are non-cash pretax charges which have not yet been recognized in net periodic benefit cost. The estimated portion of each component of Accumulated other comprehensive loss which is expected to be recognized as a component of net periodic benefit cost during the year ending December 31, 2016 is as follows: (Stated in millions) Postretirement Pension Plans Medical Plan Net actuarial losses ............................................... $ 163 $ - Prior service cost (credit) ........................................... $ 133 $ (32 ) |
Supplementary Information (Tabl
Supplementary Information (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Segment Reporting [Abstract] | |
Cash Paid For Interest And Income Taxes [Table Text Block] | Cash paid for interest and income taxes was as follows: (Stated in millions) 2015 2014 2013 Interest ................................................. $ 346 $ 389 $ 369 Income tax ............................................... $ 1,567 $ 2,048 $ 1,729 |
Interest and Other Income [Table Text Block] | Interest and other income includes the following: (Stated in millions) 2015 2014 2013 Interest income ............................................ $ 52 $ 51 $ 33 Earnings of equity method investments ............................. 184 240 132 $ 236 $ 291 $ 165 |
Change in Allowance for Doubtful Accounts | The change in Allowance for doubtful accounts is as follows: (Stated in millions) 2015 2014 2013 Balance at beginning of year .................................... $ 275 $ 384 $ 202 Provision ................................................ 75 39 205 Amounts written off ......................................... (17 ) (148 ) (23 ) Balance at end of year ........................................ $ 333 $ 275 $ 384 |
Accounts Payable and Accrued Liabilities | Accounts payable and accrued liabilities are summarized as follows: (Stated in millions) 2015 2014 Payroll, vacation and employee benefits .................................. $ 1,424 $ 1,899 Trade ......................................................... 3,243 4,344 Other ......................................................... 3,060 3,003 $ 7,727 $ 9,246 |
Discontinued Operations (Tables
Discontinued Operations (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Discontinued Operations And Disposal Groups [Abstract] | |
Discontinued Operations | The following table summarizes the results of these discontinued operations: (Stated in millions) 2014 2013 Revenue ...................................................... $ - $ 102 Loss before taxes ................................................. $ (205 ) (63 ) Tax expense .................................................... - (6 ) Loss from discontinued operations ..................................... $ (205 ) $ (69 ) |
Business Description - Addition
Business Description - Additional Information (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions | Aug. 26, 2015 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 |
Business Acquisition Equity Interests Issued Or Issuable [Line Items] | ||||
Revenue | $ 35,475 | $ 48,580 | $ 45,266 | |
Cameron | ||||
Business Acquisition Equity Interests Issued Or Issuable [Line Items] | ||||
Common stock received by Cameron shareholders | 71.60% | |||
Cash payment in exchange of each share of common stock | $ 14.44 | |||
Number of shares issued under merger agreement | 137 | |||
Additional cash payments under merger agreement | $ 2,800 | |||
Revenue | $ 10,400 |
Summary of Accounting Policie48
Summary of Accounting Policies - Additional Information (Detail) shares in Millions, $ in Millions | 3 Months Ended | 12 Months Ended | ||
Dec. 31, 2015USD ($)Countryshares | Dec. 31, 2015USD ($)Countryshares | Dec. 31, 2014USD ($)shares | Dec. 31, 2013shares | |
Organization And Summary Of Significant Accounting Policies [Line Items] | ||||
Fixed Income Investments, held to maturity | $ 418 | $ 418 | $ 442 | |
Fixed Income Investments, held to maturity, 2017 | 107 | 107 | ||
Fixed Income Investments, held to maturity, 2018 | 298 | 298 | ||
Fixed Income Investments, held to maturity, 2019 | 12 | 12 | ||
Fixed Income Investments, held to maturity, 2020 | 1 | 1 | ||
Carrying value of marketable securities | 41 | 41 | 81 | |
Fair value of marketable securities | 41 | $ 41 | $ 91 | |
Other than temporary impairment charge recorded | $ 40 | |||
Number of countries in which Schlumberger conducts business | Country | 85 | 85 | ||
Number of reportable segments accounted for greater than 10% of accounts receivable | Country | 2 | |||
Employee stock options to purchase | shares | 20 | 20 | 5 | 12 |
Schlumberger Production Management | ||||
Organization And Summary Of Significant Accounting Policies [Line Items] | ||||
Unamortized investments | $ 1,829 | $ 1,829 | $ 1,411 |
Summary of Accounting Policie49
Summary of Accounting Policies - Reconciliation of Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Schlumberger Income from Continuing Operations | |||
Basic | $ 2,072 | $ 5,643 | $ 6,801 |
Diluted | $ 2,072 | $ 5,643 | $ 6,801 |
Average shares outstanding: | |||
Basic | 1,267 | 1,295 | 1,323 |
Assumed exercise of stock options | 4 | 9 | 6 |
Unvested restricted stock | 4 | 4 | 4 |
Diluted | 1,275 | 1,308 | 1,333 |
Earnings per Share from Continuing Operations | |||
Basic | $ 1.63 | $ 4.36 | $ 5.14 |
Diluted | $ 1.63 | $ 4.31 | $ 5.10 |
Charges and Credits - Additiona
Charges and Credits - Additional Information (Detail) $ in Millions | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2015USD ($) | Mar. 31, 2015USD ($)VEF / $ | Dec. 31, 2014USD ($)VEF / $ | Dec. 31, 2013USD ($) | Jun. 30, 2013USD ($) | Mar. 31, 2013USD ($) | Dec. 31, 2015USD ($) | Dec. 31, 2014USD ($)VesselVEF / $ | Dec. 31, 2013USD ($) | Feb. 28, 2013VEF / $ | Dec. 31, 2012VEF / $ | |
Charges And Credits [Line Items] | |||||||||||
Restructuring and other charges | $ 2,575 | $ 1,773 | $ 420 | ||||||||
Exchange rate | VEF / $ | 192 | ||||||||||
Foreign currency transactions, description | This change results in a reduction in the US dollar reported amount of local currency denominated revenues, expenses and, consequently, income before taxes and net income in Venezuela. If Schlumberger had applied an exchange rate of 192 Venezuelan Bolivares fuertes to the US dollar throughout 2014, it would have reduced Schlumberger earnings by approximately $0.09 per share. | ||||||||||
Vessel termination, description | Three previous-generation acquisition vessels with lower towing capacity and higher operating costs will be converted to source vessels, allowing for the termination of two third-party source vessel leases and the retirement of two owned source vessels. | ||||||||||
Impairment charge, Pretax | $ 199 | ||||||||||
Charges, Pretax | $ 296 | ||||||||||
Charges and credits, Pretax | (420) | ||||||||||
Charges and credits, Net | (469) | ||||||||||
Venezuela Bolivar Official Currency Exchange Rate To Dollar | |||||||||||
Charges And Credits [Line Items] | |||||||||||
Exchange rate | VEF / $ | 6.3 | 6.3 | 6.3 | 4.3 | |||||||
Venezuela Bolivar Official Currency Exchange Rate To Dollar | SICAD I | |||||||||||
Charges And Credits [Line Items] | |||||||||||
Exchange rate, approximated | VEF / $ | 11 | 11 | |||||||||
Venezuela Bolivar Official Currency Exchange Rate To Dollar | SICAD II | |||||||||||
Charges And Credits [Line Items] | |||||||||||
Exchange rate, approximated | VEF / $ | 50 | 50 | |||||||||
Certain intangible assets | |||||||||||
Charges And Credits [Line Items] | |||||||||||
Impairment charge, Pretax | $ 85 | ||||||||||
Current Market Conditions | |||||||||||
Charges And Credits [Line Items] | |||||||||||
Impairment and restructuring charges | $ 84 | ||||||||||
Other Than Temporary Impairment Of Marketable Securities | |||||||||||
Charges And Credits [Line Items] | |||||||||||
Impairment and restructuring charges | 40 | ||||||||||
Equity Method Investments | |||||||||||
Charges And Credits [Line Items] | |||||||||||
Impairment and restructuring charges | 15 | ||||||||||
Lease termination costs | |||||||||||
Charges And Credits [Line Items] | |||||||||||
Impairment and restructuring charges | 177 | ||||||||||
Provision For Accounts Receivable | |||||||||||
Charges And Credits [Line Items] | |||||||||||
Charges and credits, Pretax | 152 | ||||||||||
Charges and credits, Net | 122 | ||||||||||
Explorer-class vessels | |||||||||||
Charges And Credits [Line Items] | |||||||||||
Impairment charge, Pretax | 590 | ||||||||||
Explorer-class vessels | Eastern Echo Holdings Plc. | |||||||||||
Charges And Credits [Line Items] | |||||||||||
Impairment charge, Pretax | $ 590 | ||||||||||
Number of vessels acquired | Vessel | 6 | ||||||||||
Other seismic assets | Lease termination costs | |||||||||||
Charges And Credits [Line Items] | |||||||||||
Restructuring, other pretax charge | $ 131 | ||||||||||
Lower-Tier Drilling Rigs | Pressure Pumping And Other Equipment | North America | |||||||||||
Charges And Credits [Line Items] | |||||||||||
Impairment and restructuring charges | 776 | ||||||||||
Workforce reduction | |||||||||||
Charges And Credits [Line Items] | |||||||||||
Restructuring and other charges | 530 | $ 390 | $ 360 | ||||||||
Inventory Write Down | North America | |||||||||||
Charges And Credits [Line Items] | |||||||||||
Impairment and restructuring charges | 269 | ||||||||||
Impairment of SPM Project | |||||||||||
Charges And Credits [Line Items] | |||||||||||
Impairment and restructuring charges | 182 | ||||||||||
Geopolitical Events | Middle East | |||||||||||
Charges And Credits [Line Items] | |||||||||||
Impairment and restructuring charges | 77 | ||||||||||
Contract termination costs | |||||||||||
Charges And Credits [Line Items] | |||||||||||
Impairment and restructuring charges | $ 41 | ||||||||||
Currency Devaluation Loss In Venezuela | |||||||||||
Charges And Credits [Line Items] | |||||||||||
Restructuring and other charges | $ 49 | $ 472 | |||||||||
Charges and credits, Pretax | 92 | ||||||||||
Charges and credits, Net | 92 | ||||||||||
Cost Of Revenue | Provision For Accounts Receivable | |||||||||||
Charges And Credits [Line Items] | |||||||||||
Charges and credits, Pretax | $ 152 | ||||||||||
Gain On Formation Of OneSubsea Joint Venture | |||||||||||
Charges And Credits [Line Items] | |||||||||||
Charges and credits, Pretax | (1,028) | ||||||||||
Charges and credits, Net | (1,028) | ||||||||||
Gain On Formation Of OneSubsea Joint Venture | Gain on formation of OneSubsea | |||||||||||
Charges And Credits [Line Items] | |||||||||||
Charges and credits, Pretax | $ 1,028 | ||||||||||
Charges and credits, Net | 1,028 | ||||||||||
Impairment Of Equity Method Investments | |||||||||||
Charges And Credits [Line Items] | |||||||||||
Charges and credits, Pretax | 364 | ||||||||||
Charges and credits, Net | $ 345 | ||||||||||
Impairment Of Equity Method Investments | Drilling Related Technology | |||||||||||
Charges And Credits [Line Items] | |||||||||||
Charges and credits, Pretax | 222 | ||||||||||
Impairment Of Equity Method Investments | Contract Drilling | |||||||||||
Charges And Credits [Line Items] | |||||||||||
Charges and credits, Pretax | $ 142 | ||||||||||
Other Restructuring | |||||||||||
Charges And Credits [Line Items] | |||||||||||
Devaluation charge | $ 92 |
Charges and Credits - Summary o
Charges and Credits - Summary of Charges (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Investment In Joint Venture [Line Items] | |||
Charges and credits, Pretax | $ (420) | ||
Charges and credits, Tax | 49 | ||
Charges and credits, Net | (469) | ||
Currency Devaluation Loss In Venezuela | |||
Investment In Joint Venture [Line Items] | |||
Charges and credits, Pretax | 92 | ||
Charges and credits, Net | 92 | ||
Gain On Formation Of OneSubsea Joint Venture | |||
Investment In Joint Venture [Line Items] | |||
Charges and credits, Pretax | (1,028) | ||
Charges and credits, Net | (1,028) | ||
Impairment Of Equity Method Investments | |||
Investment In Joint Venture [Line Items] | |||
Charges and credits, Pretax | 364 | ||
Charges and credits, Tax | 19 | ||
Charges and credits, Net | 345 | ||
Impairment And Other | |||
Investment In Joint Venture [Line Items] | |||
Charges and credits, Pretax | $ 2,575 | $ 1,773 | |
Charges and credits, Tax | 357 | 134 | |
Charges and credits, Net | 2,218 | 1,639 | |
Impairment And Other | Workforce reduction | |||
Investment In Joint Venture [Line Items] | |||
Charges and credits, Pretax | 920 | 296 | |
Charges and credits, Tax | 107 | 37 | |
Charges and credits, Net | 813 | 259 | |
Impairment And Other | Fixed asset impairments | |||
Investment In Joint Venture [Line Items] | |||
Charges and credits, Pretax | 776 | ||
Charges and credits, Tax | 141 | ||
Charges and credits, Net | 635 | ||
Impairment And Other | Inventory Write Down | |||
Investment In Joint Venture [Line Items] | |||
Charges and credits, Pretax | 269 | ||
Charges and credits, Tax | 27 | ||
Charges and credits, Net | 242 | ||
Impairment And Other | Impairment of SPM Project | |||
Investment In Joint Venture [Line Items] | |||
Charges and credits, Pretax | 182 | 199 | |
Charges and credits, Tax | 36 | 72 | |
Charges and credits, Net | 146 | 127 | |
Impairment And Other | Facility closures | |||
Investment In Joint Venture [Line Items] | |||
Charges and credits, Pretax | 177 | ||
Charges and credits, Tax | 37 | ||
Charges and credits, Net | 140 | ||
Impairment And Other | Geopolitical Events | |||
Investment In Joint Venture [Line Items] | |||
Charges and credits, Pretax | 77 | ||
Charges and credits, Net | 77 | ||
Impairment And Other | Currency Devaluation Loss In Venezuela | |||
Investment In Joint Venture [Line Items] | |||
Charges and credits, Pretax | 49 | 472 | |
Charges and credits, Net | 49 | 472 | |
Impairment And Other | Contract termination costs | |||
Investment In Joint Venture [Line Items] | |||
Charges and credits, Pretax | 41 | ||
Charges and credits, Tax | 2 | ||
Charges and credits, Net | 39 | ||
Impairment And Other | Other Restructuring | |||
Investment In Joint Venture [Line Items] | |||
Charges and credits, Pretax | 84 | ||
Charges and credits, Tax | 7 | ||
Charges and credits, Net | $ 77 | ||
Impairment And Other | WesternGeco restructuring | |||
Investment In Joint Venture [Line Items] | |||
Charges and credits, Pretax | 806 | ||
Charges and credits, Tax | 25 | ||
Charges and credits, Net | $ 781 | ||
Provision For Accounts Receivable | |||
Investment In Joint Venture [Line Items] | |||
Charges and credits, Pretax | 152 | ||
Charges and credits, Tax | 30 | ||
Charges and credits, Net | $ 122 |
Acquisitions - Additional Infor
Acquisitions - Additional Information (Detail) - USD ($) shares in Millions, $ in Millions | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2013 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Business Acquisition [Line Items] | ||||
Gain on formation of OneSubsea | $ 1,028 | |||
Acquisitions and investments, net of cash acquired | $ 443 | $ 1,008 | 1,210 | |
One Subsea | ||||
Business Acquisition [Line Items] | ||||
Purchase price | $ 600 | |||
Ownership interest in joint venture | 40.00% | |||
Gain on formation of OneSubsea | $ 1,028 | |||
Other Acquisitions | ||||
Business Acquisition [Line Items] | ||||
Acquisitions and investments, net of cash acquired | $ 443 | $ 1,008 | $ 610 | |
Shares of common stock issued in connection with acquisition | 2.1 | |||
Value of common stock issued in connection with acquisition | $ 213 |
Inventories - Inventory Disclos
Inventories - Inventory Disclosure (Detail) - USD ($) $ in Millions | Dec. 31, 2015 | Dec. 31, 2014 |
Inventory Disclosure [Abstract] | ||
Raw materials & field materials | $ 2,300 | $ 2,666 |
Work in progress | 178 | 273 |
Finished goods | 1,278 | 1,689 |
Inventories | $ 3,756 | $ 4,628 |
Fixed Assets - Property, Plant
Fixed Assets - Property, Plant and Equipment (Detail) - USD ($) $ in Millions | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 |
Property Plant And Equipment [Line Items] | |||
Property, plant and equipment | $ 37,120 | $ 36,964 | |
Less: Accumulated depreciation | 23,705 | 21,568 | |
Fixed assets less accumulated depreciation | 13,415 | 15,396 | $ 15,096 |
Land | |||
Property Plant And Equipment [Line Items] | |||
Property, plant and equipment | 425 | 445 | |
Building and Building Improvements | |||
Property Plant And Equipment [Line Items] | |||
Property, plant and equipment | 3,960 | 3,733 | |
Machinery and Equipment | |||
Property Plant And Equipment [Line Items] | |||
Property, plant and equipment | 31,885 | 31,937 | |
Seismic Vessels | |||
Property Plant And Equipment [Line Items] | |||
Property, plant and equipment | $ 850 | $ 849 |
Fixed Assets - Additional Infor
Fixed Assets - Additional Information (Detail) - USD ($) $ in Billions | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Property Plant And Equipment [Line Items] | |||
Depreciation expense relating to fixed assets | $ 3.2 | $ 3.2 | $ 3.1 |
Building and Building Improvements | Minimum | |||
Property Plant And Equipment [Line Items] | |||
Useful Life | 25 years | ||
Building and Building Improvements | Maximum | |||
Property Plant And Equipment [Line Items] | |||
Useful Life | 30 years | ||
Machinery and Equipment | Minimum | |||
Property Plant And Equipment [Line Items] | |||
Useful Life | 5 years | ||
Machinery and Equipment | Maximum | |||
Property Plant And Equipment [Line Items] | |||
Useful Life | 10 years | ||
Seismic Vessels | Minimum | |||
Property Plant And Equipment [Line Items] | |||
Useful Life | 20 years | ||
Seismic Vessels | Maximum | |||
Property Plant And Equipment [Line Items] | |||
Useful Life | 30 years |
Multiclient Seismic Data - Mult
Multiclient Seismic Data - Multiclient Seismic Data Table (Detail) - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2015 | Dec. 31, 2014 | |
Multiclient Seismic Data [Abstract] | ||
Opening balance | $ 793 | $ 667 |
Capitalized in period | 486 | 321 |
Charged to expense | (253) | (195) |
Ending balance | $ 1,026 | $ 793 |
Goodwill - Changes in Carrying
Goodwill - Changes in Carrying Amount of Goodwill (Detail) - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2015 | Dec. 31, 2014 | |
Goodwill [Line Items] | ||
Goodwill, Beginning Balance | $ 15,487 | $ 14,706 |
Acquisitions | 244 | 837 |
Impact of changes in exchange rates | (126) | (56) |
Goodwill, Ending Balance | 15,605 | 15,487 |
Operating Segments | Reservoir Characterization | ||
Goodwill [Line Items] | ||
Goodwill, Beginning Balance | 3,812 | 3,737 |
Acquisitions | 38 | 15 |
Reallocation | 83 | |
Impact of changes in exchange rates | (52) | (23) |
Goodwill, Ending Balance | 3,798 | 3,812 |
Operating Segments | Drilling | ||
Goodwill [Line Items] | ||
Goodwill, Beginning Balance | 8,488 | 8,315 |
Acquisitions | 130 | 271 |
Reallocation | (83) | |
Impact of changes in exchange rates | (34) | (15) |
Goodwill, Ending Balance | 8,584 | 8,488 |
Operating Segments | Production | ||
Goodwill [Line Items] | ||
Goodwill, Beginning Balance | 3,187 | 2,654 |
Acquisitions | 76 | 551 |
Impact of changes in exchange rates | (40) | (18) |
Goodwill, Ending Balance | $ 3,223 | $ 3,187 |
Intangible Assets - Schedule of
Intangible Assets - Schedule of Intangible Assets by Major Class (Detail) - USD ($) $ in Millions | Dec. 31, 2015 | Dec. 31, 2014 |
Finite Lived Intangible Assets [Line Items] | ||
Gross Book Value | $ 6,491 | $ 6,299 |
Accumulated Amortization | 1,922 | 1,645 |
Net Book Value | 4,569 | 4,654 |
Customer Relationships | ||
Finite Lived Intangible Assets [Line Items] | ||
Gross Book Value | 2,489 | 2,531 |
Accumulated Amortization | 645 | 523 |
Net Book Value | 1,844 | 2,008 |
Technology/Technical Know-How | ||
Finite Lived Intangible Assets [Line Items] | ||
Gross Book Value | 1,864 | 1,747 |
Accumulated Amortization | 653 | 535 |
Net Book Value | 1,211 | 1,212 |
Tradenames | ||
Finite Lived Intangible Assets [Line Items] | ||
Gross Book Value | 1,625 | 1,641 |
Accumulated Amortization | 367 | 319 |
Net Book Value | 1,258 | 1,322 |
Other | ||
Finite Lived Intangible Assets [Line Items] | ||
Gross Book Value | 513 | 380 |
Accumulated Amortization | 257 | 268 |
Net Book Value | $ 256 | $ 112 |
Intangible Assets - Additional
Intangible Assets - Additional Information (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Finite Lived Intangible Assets [Line Items] | |||
Estimated amortization charged to income, 2016 | $ 373 | ||
Estimated amortization charged to income, 2017 | 365 | ||
Estimated amortization charged to income, 2018 | 357 | ||
Estimated amortization charged to income, 2019 | 341 | ||
Estimated amortization charged to income, 2020 | 319 | ||
Amortization expense | $ 354 | $ 344 | $ 330 |
Customer Relationships | Minimum | |||
Finite Lived Intangible Assets [Line Items] | |||
Amortization period | 18 years | ||
Customer Relationships | Maximum | |||
Finite Lived Intangible Assets [Line Items] | |||
Amortization period | 28 years | ||
Technology/Technical Know-How | Minimum | |||
Finite Lived Intangible Assets [Line Items] | |||
Amortization period | 10 years | ||
Technology/Technical Know-How | Maximum | |||
Finite Lived Intangible Assets [Line Items] | |||
Amortization period | 18 years | ||
Tradenames | Minimum | |||
Finite Lived Intangible Assets [Line Items] | |||
Amortization period | 15 years | ||
Tradenames | Maximum | |||
Finite Lived Intangible Assets [Line Items] | |||
Amortization period | 30 years |
Long-term Debt and Debt Facil60
Long-term Debt and Debt Facility Agreements - Long-term Debt (Detail) - USD ($) $ in Millions | Dec. 31, 2015 | Dec. 31, 2014 |
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | $ 14,442 | $ 10,565 |
Commercial paper borrowings | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 1,000 | 1,538 |
4.00% Senior Notes due 2025 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 1,741 | |
3.30% Senior Notes due 2021 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 1,597 | 1,597 |
3.00% Senior Notes due 2020 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 1,591 | |
3.65% Senior Notes due 2023 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 1,496 | 1,495 |
2.35% Senior Notes due 2018 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 1,297 | |
4.20% Senior Notes due 2021 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 1,100 | 1,100 |
1.25% Senior Notes due 2017 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 1,000 | 1,000 |
2.40% Senior Notes due 2022 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 999 | 999 |
3.63% Senior Notes due 2022 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 845 | |
1.50% Guaranteed Notes due 2019 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 566 | 628 |
1.90% Senior Notes due 2017 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 499 | |
1.95% Senior Notes due 2016 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 1,100 | |
2.65% Senior Notes due 2016 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 500 | |
Other | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | $ 711 | $ 608 |
Long-term Debt and Debt Facil61
Long-term Debt and Debt Facility Agreements - Long-term Debt (Parenthetical) (Detail) - EUR (€) € in Billions | 3 Months Ended | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2015 | Dec. 31, 2014 | |
4.00% Senior Notes due 2025 | |||
Debt Instrument [Line Items] | |||
Debt instrument interest rate | 4.00% | 4.00% | |
Debt instrument maturity date | 2,025 | 2,025 | |
3.30% Senior Notes due 2021 | |||
Debt Instrument [Line Items] | |||
Debt instrument interest rate | 3.30% | 3.30% | |
Debt instrument maturity date | 2,021 | 2,021 | |
3.00% Senior Notes due 2020 | |||
Debt Instrument [Line Items] | |||
Debt instrument interest rate | 3.00% | 3.00% | |
Debt instrument maturity date | 2,020 | 2,020 | |
3.65% Senior Notes due 2023 | |||
Debt Instrument [Line Items] | |||
Debt instrument interest rate | 3.65% | 3.65% | |
Debt instrument maturity date | 2,023 | 2,023 | |
2.35% Senior Notes due 2018 | |||
Debt Instrument [Line Items] | |||
Debt instrument interest rate | 2.35% | 2.35% | |
Debt instrument maturity date | 2,018 | 2,018 | |
4.20% Senior Notes due 2021 | |||
Debt Instrument [Line Items] | |||
Debt instrument interest rate | 4.20% | 4.20% | |
Debt instrument maturity date | 2,021 | 2,021 | |
1.25% Senior Notes due 2017 | |||
Debt Instrument [Line Items] | |||
Debt instrument interest rate | 1.25% | 1.25% | |
Debt instrument maturity date | 2,017 | 2,017 | |
2.40% Senior Notes due 2022 | |||
Debt Instrument [Line Items] | |||
Debt instrument interest rate | 2.40% | 2.40% | |
Debt instrument maturity date | 2,022 | 2,022 | |
3.63% Senior Notes due 2022 | |||
Debt Instrument [Line Items] | |||
Debt instrument interest rate | 3.63% | 3.63% | |
Debt instrument maturity date | 2,022 | 2,022 | |
1.50% Guaranteed Notes due 2019 | |||
Debt Instrument [Line Items] | |||
Debt instrument interest rate | 1.50% | 1.50% | 1.50% |
Debt instrument maturity date | 2,019 | 2,019 | 2,019 |
Guaranteed notes face amount | € 0.5 | ||
Long-term debt, carrying amount | € 0.5 | ||
Senior note floating interest rate | three-month LIBOR plus approximately 64 basis points. | ||
1.50% Guaranteed Notes due 2019 | London Interbank Offered Rate (LIBOR) | |||
Debt Instrument [Line Items] | |||
Basis points | 0.64% | ||
1.90% Senior Notes due 2017 | |||
Debt Instrument [Line Items] | |||
Debt instrument interest rate | 1.90% | 1.90% | |
Debt instrument maturity date | 2,017 | 2,017 | |
1.95% Senior Notes due 2016 | |||
Debt Instrument [Line Items] | |||
Debt instrument interest rate | 1.95% | 1.95% | |
Debt instrument maturity date | 2,016 | 2,016 | |
2.65% Senior Notes due 2016 | |||
Debt Instrument [Line Items] | |||
Debt instrument interest rate | 2.65% | 2.65% | |
Debt instrument maturity date | 2,016 | 2,016 | |
Effective interest rate on euro denominated debt | 2.39% | ||
Cameron Merger Agreement | |||
Debt Instrument [Line Items] | |||
Debt instrument redemption description | If the closing of the Cameron merger does not occur on or prior to August 25, 2016 (which may be extended to November 25, 2016 under certain circumstances) or if the Cameron merger agreement is terminated at any time prior thereto, these notes will be subject to a special mandatory redemption. The special mandatory redemption price will be equal to 101% of the aggregate principal amount of the notes that are redeemed, plus accrued and unpaid interest. | ||
Debt instrument, redemption price percentage | 101.00% | ||
Euro Medium Term Note Program | |||
Debt Instrument [Line Items] | |||
Guaranteed notes face amount | € 5 |
Long-term Debt and Debt Facil62
Long-term Debt and Debt Facility Agreements - Additional Information (Detail) - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2015 | Dec. 31, 2014 | |
Debt Instrument [Line Items] | ||
Investment in subsidiary-Schlumberger Investment SA | 100.00% | |
Committed debt facility agreement aggregated | $ 3,800 | |
Unused debt facility | 1,400 | |
Long-term debt - current portion | 3,011 | $ 1,244 |
Long-term debt, carrying amount | $ 14,442 | 10,565 |
Weighted average interest rate on variable rate debt | 1.00% | |
Long-term Debt maturity in 2017 | $ 1,500 | |
Long-term Debt maturity in 2018 | 2,600 | |
Long-term Debt maturity in 2019 | 900 | |
Long-term Debt maturity in 2020 | 1,600 | |
Long-term Debt maturity in 2021 | 2,700 | |
Long-term Debt maturity in 2022 | 1,900 | |
Long-term Debt maturity in 2023 | 1,500 | |
Long-term Debt maturity in 2025 | 1,700 | |
Long-term debt, fair value | 14,400 | 10,700 |
Commercial paper borrowings | ||
Debt Instrument [Line Items] | ||
Committed debt facility agreement aggregated | 3,500 | |
Long-term debt - current portion | 1,400 | 1.5 |
Long-term debt, carrying amount | 1,000 | $ 1,538 |
Long-term debt | 2,400 | |
Commercial paper programs mature in July 2016 | ||
Debt Instrument [Line Items] | ||
Committed debt facility agreement aggregated | 250 | |
Commercial paper programs mature in July 2018 | ||
Debt Instrument [Line Items] | ||
Committed debt facility agreement aggregated | 1,750 | |
Commercial paper programs mature in November 2018 | ||
Debt Instrument [Line Items] | ||
Committed debt facility agreement aggregated | $ 1,500 |
Derivative Instruments and He63
Derivative Instruments and Hedging Activities - Additional Information (Detail) | 12 Months Ended | |||
Dec. 31, 2015USD ($)Country | Dec. 31, 2014USD ($) | Dec. 31, 2013USD ($) | Dec. 31, 2013EUR (€) | |
Derivative [Line Items] | ||||
Fixed rate debt aggregate, after taking into account the effects of the interest rate swaps | $ 13,800,000,000 | |||
Variable rate debt aggregate, after taking into account the effects of the interest rate swaps | 5,200,000,000 | |||
Short-term investments and fixed income investments, held to maturity | $ 10,700,000,000 | |||
Number of countries in which Schlumberger conducts business | Country | 85 | |||
Percentage of revenue denominated in domestic currency | 83.00% | |||
Recognized a cumulative net (loss) in Accumulated other comprehensive loss relating to revaluation of foreign currency forward contracts and foreign currency options designated as cash flow hedges | $ (39,000,000) | |||
Transaction losses of hedging activities | $ 27,000,000 | $ 67,000,000 | $ 24,000,000 | |
1.50% Guaranteed Notes due 2019 | ||||
Derivative [Line Items] | ||||
Guaranteed notes face amount | € | € 500,000,000 | |||
Cross currency swap | ||||
Derivative [Line Items] | ||||
Notional amount of interest rate swap | € | € 500,000,000 | |||
Fixed Rate Debt | 1.50% Guaranteed Notes due 2019 | ||||
Derivative [Line Items] | ||||
Derivative swap interest rate | 1.50% | |||
Floating Rate Debt | 1.50% Guaranteed Notes due 2019 | ||||
Derivative [Line Items] | ||||
Floating interest rate on securities | three-month LIBOR plus approximately 64 basis points | |||
Foreign exchange contracts | ||||
Derivative [Line Items] | ||||
Notional amount of interest rate swap | $ 3,800,000,000 | |||
Foreign exchange contracts | Debt | Derivatives designated as hedges | ||||
Derivative [Line Items] | ||||
Notional amount of interest rate swap | $ 1,200,000,000 | |||
London Interbank Offered Rate (LIBOR) | Floating Rate Debt | 1.50% Guaranteed Notes due 2019 | ||||
Derivative [Line Items] | ||||
Basis point | 0.64% |
Derivative Instruments and He64
Derivative Instruments and Hedging Activities - Fair Values of Outstanding Derivative Instruments (Detail) - USD ($) $ in Millions | Dec. 31, 2015 | Dec. 31, 2014 |
Derivative Assets | ||
Derivative Assets | $ 25 | $ 40 |
Derivatives designated as hedges | ||
Derivative Assets | ||
Derivative Assets | 10 | 35 |
Derivative Liabilities | ||
Derivative Liabilities | 62 | 227 |
Derivatives not designated as hedges | ||
Derivative Liabilities | ||
Derivative Liabilities | 87 | 255 |
Foreign exchange contracts | Derivatives designated as hedges | Other current assets | ||
Derivative Assets | ||
Derivative Assets | 4 | 3 |
Foreign exchange contracts | Derivatives designated as hedges | Other Assets | ||
Derivative Assets | ||
Derivative Assets | 6 | 32 |
Foreign exchange contracts | Derivatives designated as hedges | Accounts payable and accrued liabilities | ||
Derivative Liabilities | ||
Derivative Liabilities | 37 | 80 |
Foreign exchange contracts | Derivatives designated as hedges | Other Liabilities | ||
Derivative Liabilities | ||
Derivative Liabilities | 3 | 105 |
Foreign exchange contracts | Derivatives not designated as hedges | Other current assets | ||
Derivative Assets | ||
Derivative Assets | 15 | 5 |
Foreign exchange contracts | Derivatives not designated as hedges | Accounts payable and accrued liabilities | ||
Derivative Liabilities | ||
Derivative Liabilities | 25 | 28 |
Cross currency swap | Derivatives designated as hedges | Other Liabilities | ||
Derivative Liabilities | ||
Derivative Liabilities | $ 22 | $ 42 |
Derivative Instruments and He65
Derivative Instruments and Hedging Activities - Effect of Derivative Instruments Designated as Fair Value Hedges and Not Designated as Hedges on Consolidated Statement of Income (Detail) - Cash Flow Hedging - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Derivatives designated as hedges | Cross currency swap | Interest expense | |||
Derivative Instruments Gain Loss [Line Items] | |||
Gain (Loss) Recognized in Income | $ (64) | $ (82) | $ 15 |
Derivatives not designated as hedges | Foreign exchange contracts | Cost of revenue | |||
Derivative Instruments Gain Loss [Line Items] | |||
Gain (Loss) Recognized in Income | $ (154) | $ (95) | $ (2) |
Stockholders' Equity - Addition
Stockholders' Equity - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Equity [Abstract] | |||
Common stock, shares authorized | 4,500,000,000 | ||
Common stock, par value | $ 0.01 | ||
Common stock, shares outstanding | 1,256,367,980 | 1,275,312,404 | |
Preferred stock, shares authorized | 200,000,000 | ||
Preferred stock, par value | $ 0.01 | ||
Preferred stock, issued | 0 | ||
Other comprehensive income (loss) | $ (352) | $ (1,652) | $ 1,334 |
Stockholders' Equity - Schedule
Stockholders' Equity - Schedule of Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Accumulated Other Comprehensive Income Loss [Line Items] | |||
Beginning Balance | $ (4,206) | $ (2,554) | $ (3,888) |
Other comprehensive income (loss) before reclassifications | (960) | (2,152) | 1,261 |
Amounts reclassified from accumulated other comprehensive loss | 682 | 418 | 375 |
Income taxes | (74) | 82 | (302) |
Ending Balance | (4,558) | (4,206) | (2,554) |
Currency Translation Adjustments | |||
Accumulated Other Comprehensive Income Loss [Line Items] | |||
Beginning Balance | (1,531) | (1,068) | (917) |
Other comprehensive income (loss) before reclassifications | (522) | (463) | (151) |
Ending Balance | (2,053) | (1,531) | (1,068) |
Unrealized Gain/(Loss) on Marketable Securities | |||
Accumulated Other Comprehensive Income Loss [Line Items] | |||
Beginning Balance | 10 | 176 | 141 |
Other comprehensive income (loss) before reclassifications | (50) | (166) | 35 |
Amounts reclassified from accumulated other comprehensive loss | 40 | ||
Ending Balance | 10 | 176 | |
Cash Flow Hedges | |||
Accumulated Other Comprehensive Income Loss [Line Items] | |||
Beginning Balance | (96) | 29 | 30 |
Other comprehensive income (loss) before reclassifications | (178) | (238) | 49 |
Amounts reclassified from accumulated other comprehensive loss | 235 | 113 | (50) |
Ending Balance | (39) | (96) | 29 |
Pension and Other Postretirement Benefit Plans | |||
Accumulated Other Comprehensive Income Loss [Line Items] | |||
Beginning Balance | (2,589) | (1,691) | (3,142) |
Other comprehensive income (loss) before reclassifications | (210) | (1,285) | 1,328 |
Amounts reclassified from accumulated other comprehensive loss | 407 | 305 | 425 |
Income taxes | (74) | 82 | (302) |
Ending Balance | $ (2,466) | $ (2,589) | $ (1,691) |
Stock-based Compensation Plan68
Stock-based Compensation Plans - Additional Information (Detail) - USD ($) $ in Millions | 12 Months Ended | |||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||||
Aggregate intrinsic value of stock options outstanding | $ 93 | |||
Aggregate intrinsic value of stock options exercisable | 93 | |||
Total intrinsic value of options exercised | 62 | $ 314 | $ 176 | |
Total unrecognized compensation cost related to nonvested stock-based compensation arrangements | 480 | |||
Expected to be recognized in 2016 | 215 | |||
Expected to be recognized in 2017 | 137 | |||
Expected to be recognized in 2018 | 80 | |||
Expected to be recognized in 2019 | 40 | |||
Expected to be recognized in 2020 | $ 8 | |||
Future Grants Shares | 27,000,000 | |||
Employee Stock Option | ||||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||||
Stock option maximum term | 10 years | |||
Stock options vesting period | Four or Five Years | |||
Weighted average remaining contractual life of stock options exercisable, in years | 4 years 4 months 24 days | |||
Performance Shares | ||||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||||
Performance period to determine shares earned | 3 years | |||
Performance shares outstanding | 900,000 | |||
Performance Shares | Scenario Return On Capital Employed Exceeds Predefined Target | Maximum | ||||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||||
Performance shares to be granted as a percentage of total target award | 250.00% | |||
Performance Shares | Scenario Return On Capital Employed Falls Below Threshold | ||||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||||
Performance shares to be granted | 0 | |||
Restricted Stock | ||||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||||
Performance shares to be granted | 1,254,000 | 1,341,000 | 1,949,000 | |
Performance shares outstanding | 3,571,000 | 4,138,000 | 4,171,000 | 3,566,000 |
Restricted stock awards, vesting period | 3 years | |||
DSPP | ||||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||||
Percentage purchase price of stock lower of stock price at beginning or end of plan period at specified intervals | 92.50% |
Stock-based Compensation Plan69
Stock-based Compensation Plans - Weighted-Average Assumptions (Detail) - Employee Stock Option - $ / shares | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Dividend yield | 2.30% | 1.60% | 1.70% |
Expected volatility | 36.00% | 37.00% | 38.00% |
Risk free interest rate | 1.70% | 2.20% | 1.20% |
Expected option life in years | 7 years | 7 years | 7 years |
Weighted-average fair value per share | $ 25.96 | $ 34.20 | $ 23.93 |
Stock-based Compensation Plan70
Stock-based Compensation Plans - Options Outstanding and Option Exercisable (Detail) shares in Thousands | 12 Months Ended |
Dec. 31, 2015$ / sharesshares | |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range [Line Items] | |
Options Outstanding | shares | 41,087 |
Weighted-average remaining contractual life (in years) | 6 years 1 month 6 days |
Weighted- average exercise price | $ 78.73 |
Options Exercisable | shares | 22,370 |
Weighted-average exercise price | $ 73.79 |
Exercise prices range $37.85 - $67.87 | |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range [Line Items] | |
Exercise prices minimum range | 37.85 |
Exercise prices maximum range | $ 67.87 |
Options Outstanding | shares | 4,882 |
Weighted-average remaining contractual life (in years) | 2 years 6 months |
Weighted- average exercise price | $ 51.61 |
Options Exercisable | shares | 4,857 |
Weighted-average exercise price | $ 51.53 |
Exercise prices range $68.51 - $70.93 | |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range [Line Items] | |
Exercise prices minimum range | 68.51 |
Exercise prices maximum range | $ 70.93 |
Options Outstanding | shares | 7,499 |
Weighted-average remaining contractual life (in years) | 5 years 7 months 6 days |
Weighted- average exercise price | $ 69.81 |
Options Exercisable | shares | 4,873 |
Weighted-average exercise price | $ 69.26 |
Exercise prices range $72.11 - $78.31 | |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range [Line Items] | |
Exercise prices minimum range | 72.11 |
Exercise prices maximum range | $ 78.31 |
Options Outstanding | shares | 8,927 |
Weighted-average remaining contractual life (in years) | 7 years |
Weighted- average exercise price | $ 73.56 |
Options Exercisable | shares | 3,206 |
Weighted-average exercise price | $ 72.51 |
Exercise prices range $83.88 - $84.93 | |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range [Line Items] | |
Exercise prices minimum range | 83.88 |
Exercise prices maximum range | $ 84.93 |
Options Outstanding | shares | 7,585 |
Weighted-average remaining contractual life (in years) | 4 years 4 months 24 days |
Weighted- average exercise price | $ 84.17 |
Options Exercisable | shares | 6,514 |
Weighted-average exercise price | $ 84.21 |
Exercise prices range $88.61 - $114.83 | |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range [Line Items] | |
Exercise prices minimum range | 88.61 |
Exercise prices maximum range | $ 114.83 |
Options Outstanding | shares | 12,194 |
Weighted-average remaining contractual life (in years) | 8 years |
Weighted- average exercise price | $ 95.48 |
Options Exercisable | shares | 2,920 |
Weighted-average exercise price | $ 96.55 |
Stock-based Compensation Plan71
Stock-based Compensation Plans - Summary of Stock Option Activity (Detail) - $ / shares shares in Thousands | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | |||
Beginning balance, shares | 38,583 | 41,939 | 42,059 |
Granted, shares | 7,118 | 6,105 | 6,570 |
Exercised, shares | (2,561) | (8,269) | (5,168) |
Forfeited, shares | (2,053) | (1,192) | (1,522) |
Ending balance, shares | 41,087 | 38,583 | 41,939 |
Beginning balance, Weighted-average exercise price | $ 76.10 | $ 70.33 | $ 67.77 |
Granted, Weighted-average exercise price | 86.86 | 99.04 | 72.16 |
Exercised, Weighted-average exercise price | 60.10 | 64.19 | 51.73 |
Forfeited, Weighted-average exercise price | 80.34 | 73.56 | 70.57 |
Ending balance, Weighted-average exercise price | $ 78.73 | $ 76.10 | $ 70.33 |
Stock-based Compensation Plan72
Stock-based Compensation Plans - Restricted Stock Transactions (Detail) - Restricted Stock - $ / shares shares in Thousands | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Unvested at beginning of year, Restricted Stock | 4,138 | 4,171 | 3,566 |
Performance shares to be granted | 1,254 | 1,341 | 1,949 |
Vested, Restricted Stock | (1,495) | (1,186) | (958) |
Forfeited, Restricted Stock | (326) | (188) | (386) |
Unvested at end of year, Restricted Stock | 3,571 | 4,138 | 4,171 |
Unvested at beginning of year, Weighted Average Grant Date Fair Value | $ 80.80 | $ 76.01 | $ 73.62 |
Granted, Weighted Average Grant Date Fair Value | 82.37 | 96.08 | 75.65 |
Vested, Weighted Average Grant Date Fair Value | 71.30 | 81.59 | 66.98 |
Forfeited, Weighted Average Grant Date Fair Value | 83.86 | 78.68 | 74.53 |
Unvested at end of year, Weighted Average Grant Date Fair Value | $ 85.04 | $ 80.80 | $ 76.01 |
Stock-based Compensation Plan73
Stock-based Compensation Plans - Discounted Stock Purchase Plan Assumptions and Resulting Weighted Average Fair Value (Detail) - DSPP - $ / shares | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Dividend yield | 2.30% | 1.60% | 1.70% |
Expected volatility | 27.00% | 19.00% | 24.00% |
Risk free interest rate | 0.20% | 0.10% | 0.10% |
Weighted-average fair value per share | $ 12.45 | $ 12.67 | $ 9.91 |
Stock-based Compensation Plan74
Stock-based Compensation Plans - Stock-Based Compensation Expense Recognized in Income (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Stock-based compensation expense | $ 326 | $ 329 | $ 315 |
Employee Stock Option | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Stock-based compensation expense | 176 | 177 | 165 |
Restricted Stock | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Stock-based compensation expense | 107 | 114 | 110 |
DSPP | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Stock-based compensation expense | $ 43 | $ 38 | $ 40 |
Income Taxes - Additional Infor
Income Taxes - Additional Information (Detail) $ in Millions | 12 Months Ended | ||
Dec. 31, 2015USD ($)Jurisdictions | Dec. 31, 2014USD ($) | Dec. 31, 2013USD ($) | |
Income Tax Disclosure [Line Items] | |||
Minimum number of jurisdictions to Schlumberger operates | Jurisdictions | 100 | ||
US federal statutory rate | 35.00% | 35.00% | 35.00% |
Restructuring and other charges | $ 2,575 | $ 1,773 | $ 420 |
Deferred tax assets, valuation allowances relating to net operating losses in certain countries | 162 | 190 | |
Accrued interest and penalties | 176 | 243 | 253 |
Domestic Country | |||
Income Tax Disclosure [Line Items] | |||
Restructuring and other charges | 883 | 289 | 53 |
Foreign Country | |||
Income Tax Disclosure [Line Items] | |||
Restructuring and other charges | $ 1,692 | $ 1,484 | $ 473 |
Minimum | |||
Income Tax Disclosure [Line Items] | |||
US federal statutory rate | 0.00% | ||
Maximum | |||
Income Tax Disclosure [Line Items] | |||
US federal statutory rate | 40.00% |
Income Taxes - Income from Cont
Income Taxes - Income from Continuing Operations Before Taxes (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Income Tax Disclosure [Abstract] | |||
Income before taxes, United States | $ (691) | $ 1,990 | $ 1,904 |
Income before taxes, Outside United States | 3,572 | 5,649 | 6,787 |
Income from continuing operations before taxes | $ 2,881 | $ 7,639 | $ 8,691 |
Income Taxes - Components of Ne
Income Taxes - Components of Net Deferred Tax Assets (Liabilities) (Detail) - USD ($) $ in Millions | Dec. 31, 2015 | Dec. 31, 2014 |
Income Tax Disclosure [Abstract] | ||
Postretirement benefits | $ 266 | $ 327 |
Intangible assets | (1,418) | (1,435) |
Investments in non-US subsidiaries | (152) | (227) |
Fixed assets, net | (176) | (331) |
Inventories | 159 | 112 |
Other, net | 454 | 402 |
Net deferred tax assets (liabilities) | $ (867) | $ (1,152) |
Income Taxes - Components of Co
Income Taxes - Components of Consolidated Income Taxes (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Current: | |||
United States-Federal | $ 90 | $ 718 | $ 682 |
United States-State | 12 | 51 | 60 |
Outside United States | 1,085 | 1,380 | 1,211 |
Current Income Tax Expense (Benefit), Total | 1,187 | 2,149 | 1,953 |
Deferred: | |||
United States-Federal | (356) | (194) | (109) |
United States-State | (19) | (9) | (4) |
Outside United States | (52) | (12) | 34 |
Valuation allowance | (14) | (6) | (26) |
Deferred income taxes | (441) | (221) | (105) |
Consolidated taxes on income | $ 746 | $ 1,928 | $ 1,848 |
Income Taxes - Reconciliation o
Income Taxes - Reconciliation of US Statutory Federal Tax Rate (Detail) | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Disclosure Income Tax Reconciliation Of U S Statutory Federal Tax Rate Detail [Line Items] | |||
US federal statutory rate | 35.00% | 35.00% | 35.00% |
Non-US income taxed at different rates | (13.00%) | (11.00%) | (12.00%) |
Other | (2.00%) | (2.00%) | |
Effective income tax rate | 26.00% | 25.00% | 21.00% |
Charges And Credits | |||
Disclosure Income Tax Reconciliation Of U S Statutory Federal Tax Rate Detail [Line Items] | |||
Charges and credits (See Note 3) | 6.00% | 3.00% | (2.00%) |
Income Taxes - Reconciliation80
Income Taxes - Reconciliation of Liabilities Associated with Uncertain Tax Provisions (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Income Tax Disclosure [Abstract] | |||
Balance at beginning of year | $ 1,402 | $ 1,452 | $ 1,453 |
Additions based on tax positions related to the current year | 140 | 154 | 146 |
Additions for tax positions of prior years | 136 | 96 | 109 |
Additions related to acquisitions | 5 | 43 | |
Impact of changes in exchange rates | (78) | (62) | (47) |
Settlements with tax authorities | (99) | (27) | (64) |
Reductions for tax positions of prior years | (203) | (212) | (109) |
Reductions due to the lapse of the applicable statute of limitations | (18) | (42) | (36) |
Balance at end of year | $ 1,285 | $ 1,402 | $ 1,452 |
Income Taxes - Tax Years Subjec
Income Taxes - Tax Years Subject to Examination by Tax Authorities (Detail) | 12 Months Ended |
Dec. 31, 2015 | |
Brazil | |
Disclosure Income Tax Components Of Consolidated Income Taxes Detail [Line Items] | |
Income tax examination, year(s) under examination | 2010 - 2015 |
Canada | |
Disclosure Income Tax Components Of Consolidated Income Taxes Detail [Line Items] | |
Income tax examination, year(s) under examination | 2008 - 2015 |
Ecuador | |
Disclosure Income Tax Components Of Consolidated Income Taxes Detail [Line Items] | |
Income tax examination, year(s) under examination | 2012 - 2015 |
Mexico | |
Disclosure Income Tax Components Of Consolidated Income Taxes Detail [Line Items] | |
Income tax examination, year(s) under examination | 2007 - 2015 |
Norway | |
Disclosure Income Tax Components Of Consolidated Income Taxes Detail [Line Items] | |
Income tax examination, year(s) under examination | 2013 - 2015 |
Russia | |
Disclosure Income Tax Components Of Consolidated Income Taxes Detail [Line Items] | |
Income tax examination, year(s) under examination | 2013 - 2015 |
Saudi Arabia | |
Disclosure Income Tax Components Of Consolidated Income Taxes Detail [Line Items] | |
Income tax examination, year(s) under examination | 2001 - 2015 |
United Kingdom | |
Disclosure Income Tax Components Of Consolidated Income Taxes Detail [Line Items] | |
Income tax examination, year(s) under examination | 2011 - 2015 |
United States | |
Disclosure Income Tax Components Of Consolidated Income Taxes Detail [Line Items] | |
Income tax examination, year(s) under examination | 2014 - 2015 |
Leases and Lease Commitments -
Leases and Lease Commitments - Additional Information (Detail) - USD ($) $ in Billions | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Leases [Abstract] | |||
Total rental expense | $ 1.6 | $ 2.1 | $ 1.9 |
Leases and Lease Commitments 83
Leases and Lease Commitments - Future Minimum Rental Commitments Under Noncancelable Operating Leases (Detail) $ in Millions | Dec. 31, 2015USD ($) |
Leases [Abstract] | |
2,016 | $ 261 |
2,017 | 205 |
2,018 | 162 |
2,019 | 145 |
2,020 | 129 |
Thereafter | 526 |
Total | $ 1,428 |
Segment Information - Schedule
Segment Information - Schedule of Segment Reporting Information, by Segment (Detail) - USD ($) $ in Millions | 12 Months Ended | |||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | ||
Segment Reporting Information [Line Items] | ||||
Revenue | $ 35,475 | $ 48,580 | $ 45,266 | |
Income before Taxes | 2,881 | 7,639 | 8,691 | |
Assets | 68,005 | 66,904 | 67,100 | |
Depreciation and amortization | [1] | 4,078 | 4,094 | 3,879 |
Capital Expenditures | 2,410 | 3,976 | 3,943 | |
Pretax operating income | 6,510 | 10,576 | 9,344 | |
Interest | 346 | 369 | 391 | |
Restructuring and other charges | 2,575 | 1,773 | 420 | |
Operating Segments | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | 35,475 | 48,580 | 45,266 | |
Interest income | 22 | 20 | 11 | |
Interest | 30 | 22 | 22 | |
Operating Segments | Reservoir Characterization | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | 9,501 | 12,905 | 13,050 | |
Income before Taxes | 2,450 | 3,708 | 3,711 | |
Assets | 8,266 | 9,191 | 9,316 | |
Depreciation and amortization | 1,279 | 1,459 | 1,402 | |
Capital Expenditures | 649 | 1,207 | 1,361 | |
Operating Segments | Drilling | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | 13,563 | 18,128 | 16,792 | |
Income before Taxes | 2,538 | 3,805 | 3,238 | |
Assets | 8,535 | 11,155 | 10,440 | |
Depreciation and amortization | 1,177 | 1,173 | 1,076 | |
Capital Expenditures | 672 | 1,328 | 1,289 | |
Operating Segments | Production | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | 12,548 | 17,763 | 15,646 | |
Income before Taxes | 1,585 | 3,193 | 2,624 | |
Assets | 9,937 | 11,481 | 10,929 | |
Depreciation and amortization | 1,216 | 1,066 | 1,001 | |
Capital Expenditures | 825 | 1,192 | 1,126 | |
Eliminations & other | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | (137) | (216) | (222) | |
Income before Taxes | (63) | (130) | (229) | |
Assets | 2,067 | 1,572 | 2,332 | |
Depreciation and amortization | 213 | 198 | 192 | |
Capital Expenditures | 264 | 249 | 167 | |
Material Reconciling Items | ||||
Segment Reporting Information [Line Items] | ||||
Depreciation and amortization | [2] | 193 | 198 | 208 |
Goodwill and intangible assets | 20,174 | 20,141 | 19,415 | |
All other assets | 2,262 | 2,186 | 2,618 | |
Corporate & other | [2] | (768) | (848) | (726) |
Corporate & other | [2] | 11,178 | 11,178 | 12,050 |
Interest income | [3] | 30 | 31 | 22 |
Interest | [4] | (316) | (347) | (369) |
Restructuring and other charges | [5] | $ (2,575) | $ (1,773) | $ 420 |
[1] | Includes depreciation of property, plant and equipment and amortization of intangible assets, multiclient seismic data costs and SPM investments. | |||
[2] | 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. Corporate assets consist of cash, short-term investments, fixed income investments, held to maturity and investments in affiliates. | |||
[3] | Interest income excludes amounts which are included in the segments’ income (2015: $22 million; 2014: $20 million; 2013: $11 million). | |||
[4] | Interest expense excludes amounts which are included in the segments’ income (2015: $30 million; 2014: $22 million; 2013: $22 million). | |||
[5] | See Note 3 – Charges and Credits. |
Segment Information - Schedul85
Segment Information - Schedule of Segment Reporting Information, by Segment (Parenthetical) (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Segment Reporting Information [Line Items] | |||
Interest expense | $ 346 | $ 369 | $ 391 |
Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Interest income | 22 | 20 | 11 |
Interest expense | $ 30 | $ 22 | $ 22 |
Segment Information - Revenue b
Segment Information - Revenue by Geographic Area (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Segment Reporting Information [Line Items] | |||
Revenue | $ 35,475 | $ 48,580 | $ 45,266 |
Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Revenue | 35,475 | 48,580 | 45,266 |
Operating Segments | North America | |||
Segment Reporting Information [Line Items] | |||
Revenue | 9,811 | 16,151 | 13,897 |
Operating Segments | Latin America | |||
Segment Reporting Information [Line Items] | |||
Revenue | 6,014 | 7,699 | 7,754 |
Operating Segments | Europe/CIS/Africa | |||
Segment Reporting Information [Line Items] | |||
Revenue | 9,284 | 12,515 | 12,411 |
Operating Segments | Middle East & Asia | |||
Segment Reporting Information [Line Items] | |||
Revenue | 9,898 | 11,875 | 10,767 |
Eliminations & other | |||
Segment Reporting Information [Line Items] | |||
Revenue | $ 468 | $ 340 | $ 437 |
Segment Information - Additiona
Segment Information - Additional Information (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Segment Reporting Information [Line Items] | |||
Revenue | $ 35,475 | $ 48,580 | $ 45,266 |
United States | |||
Segment Reporting Information [Line Items] | |||
Revenue | $ 8,500 | $ 14,000 | $ 12,000 |
Sales Revenue, Segment | |||
Segment Reporting Information [Line Items] | |||
Maximum percentage of consolidated revenue customers | 10.00% | 10.00% | 10.00% |
Segment Information - Fixed Ass
Segment Information - Fixed Assets Less Accumulated Depreciation by Geographic Area (Detail) - USD ($) $ in Millions | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Segment Reporting Information [Line Items] | ||||
Fixed Assets less accumulated depreciation | $ 13,415 | $ 15,396 | $ 15,096 | |
Operating Segments | North America | ||||
Segment Reporting Information [Line Items] | ||||
Fixed Assets | 4,392 | 4,885 | 4,858 | |
Operating Segments | Latin America | ||||
Segment Reporting Information [Line Items] | ||||
Fixed Assets | 1,728 | 1,969 | 1,889 | |
Operating Segments | Europe | ||||
Segment Reporting Information [Line Items] | ||||
Fixed Assets | 2,978 | 3,640 | 3,452 | |
Operating Segments | Middle East & Asia | ||||
Segment Reporting Information [Line Items] | ||||
Fixed Assets | 3,078 | 3,446 | 2,991 | |
Unallocated | ||||
Segment Reporting Information [Line Items] | ||||
Fixed Assets | [1] | $ 1,239 | $ 1,456 | $ 1,906 |
[1] | Represents seismic vessels, including the related on-board equipment, which frequently transition between geographic areas. |
Pension and Other Benefit Pla89
Pension and Other Benefit Plans - Weighted-Average Assumed Discount Rate, Compensation Increases and Expected Long-Term Rate of Return on Plan Assets Used to Determine Net Pension Cost for US and International Plans (Detail) | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Discount rate | 4.50% | 4.15% | |
US Plan Assets | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Discount rate | 4.15% | 4.85% | 4.25% |
Compensation increases | 4.00% | 4.00% | 4.00% |
Return on plan assets | 7.25% | 7.25% | 7.50% |
International | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Discount rate | 4.07% | 4.76% | 4.38% |
Compensation increases | 4.79% | 4.80% | 4.83% |
Return on plan assets | 7.50% | 7.50% | 7.50% |
Pension and Other Benefit Pla90
Pension and Other Benefit Plans - Net Pension Cost for Schlumberger Pension Plans and US Postretirement Medical Plan (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
US Plan Assets | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Service cost - benefits earned during the period | $ 86 | $ 72 | $ 80 |
Interest cost on projected benefit obligation and on accumulated postretirement benefit obligation | 170 | 164 | 150 |
Expected return on plan assets | (229) | (208) | (200) |
Amortization of prior service cost | 12 | 12 | 12 |
Amortization of net loss | 123 | 82 | 122 |
Total pension cost | 162 | 122 | 164 |
International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Service cost - benefits earned during the period | 167 | 126 | 127 |
Interest cost on projected benefit obligation and on accumulated postretirement benefit obligation | 297 | 288 | 253 |
Expected return on plan assets | (498) | (450) | (384) |
Amortization of prior service cost | 121 | 120 | 117 |
Amortization of net loss | 170 | 94 | 155 |
Total pension cost | 257 | 178 | 268 |
Postretirement medical plan | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Service cost - benefits earned during the period | 42 | 43 | 48 |
Interest cost on projected benefit obligation and on accumulated postretirement benefit obligation | 48 | 60 | 56 |
Expected return on plan assets | (52) | (45) | (37) |
Amortization of prior service cost | (32) | (4) | (4) |
Amortization of net loss | 13 | 1 | 23 |
Total pension cost | $ 19 | $ 55 | $ 86 |
Pension and Other Benefit Pla91
Pension and Other Benefit Plans - Weighted-Average Assumed Discount Rate and Compensation Increases Used to Determine Projected Benefit Obligations for US and International Plans (Detail) | Dec. 31, 2015 | Dec. 31, 2014 |
US Plan Assets | ||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | ||
Discount rate | 4.50% | 4.15% |
Compensation increases | 4.00% | 4.00% |
International | ||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | ||
Discount rate | 4.36% | 4.07% |
Compensation increases | 4.80% | 4.79% |
Pension and Other Benefit Pla92
Pension and Other Benefit Plans - Changes in Projected Benefit Obligation, Plan Assets and Funded Status of Plans (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Amounts Recognized in Balance Sheet | |||
Postretirement Benefits | $ (1,434) | $ (1,501) | |
US Plan Assets | |||
Change in Projected Benefit Obligations | |||
Projected benefit obligation at beginning of year | 4,137 | 3,418 | |
Service cost | 86 | 72 | $ 80 |
Interest cost | 170 | 164 | 150 |
Actuarial (gains) losses | (205) | 627 | |
Benefits paid | (163) | (144) | |
Projected benefit obligation at end of year | 4,025 | 4,137 | 3,418 |
Change in Plan Assets | |||
Plan assets at fair value at beginning of year | 3,549 | 3,269 | |
Actual return on plan assets | (1) | 339 | |
Company contributions | 82 | 85 | |
Benefits paid | (163) | (144) | |
Plan assets at fair value at end of year | 3,467 | 3,549 | 3,269 |
Unfunded Liability | (558) | (588) | |
Amounts Recognized in Balance Sheet | |||
Postretirement Benefits | (558) | (588) | |
Total of post retirement benefits | (558) | (588) | |
Amounts Recognized in Accumulated Other Comprehensive Loss | |||
Actuarial (gains) losses | 1,008 | 1,104 | |
Prior service cost | 54 | 66 | |
Total amount recognized in accumulated other comprehensive income | 1,062 | 1,170 | |
Accumulated benefit obligation | 3,763 | 3,805 | |
International | |||
Change in Projected Benefit Obligations | |||
Projected benefit obligation at beginning of year | 7,249 | 5,981 | |
Service cost | 167 | 126 | 127 |
Interest cost | 297 | 288 | 253 |
Contribution by plan participants | 143 | 122 | |
Actuarial (gains) losses | (203) | 1,000 | |
Currency effect | (66) | (90) | |
Benefits paid | (247) | (178) | |
Projected benefit obligation at end of year | 7,340 | 7,249 | 5,981 |
Change in Plan Assets | |||
Plan assets at fair value at beginning of year | 6,830 | 6,246 | |
Actual return on plan assets | (4) | 502 | |
Currency effect | (69) | (102) | |
Company contributions | 198 | 240 | |
Contributions by plan participants | 125 | 122 | |
Benefits paid | (248) | (178) | |
Plan assets at fair value at end of year | 6,832 | 6,830 | $ 6,246 |
Unfunded Liability | (508) | (419) | |
Amounts Recognized in Balance Sheet | |||
Postretirement Benefits | (657) | (546) | |
Other Assets | 149 | 127 | |
Total of post retirement benefits | (508) | (419) | |
Amounts Recognized in Accumulated Other Comprehensive Loss | |||
Actuarial (gains) losses | 335 | 1,658 | |
Prior service cost | 357 | ||
Total amount recognized in accumulated other comprehensive income | 335 | 2,015 | |
Accumulated benefit obligation | $ 6,913 | $ 6,793 |
Pension and Other Benefit Pla93
Pension and Other Benefit Plans - Weighted-Average Allocation of Plan Assets and Target Allocation by Asset Category (Detail) | 12 Months Ended | |
Dec. 31, 2015 | Dec. 31, 2014 | |
US Plan Assets | ||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | ||
Target allocation of assets | 100.00% | 100.00% |
Target Allocation Percentage of Assets, Total | 100.00% | 100.00% |
International | ||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | ||
Target allocation of assets | 100.00% | 100.00% |
Target Allocation Percentage of Assets, Total | 100.00% | 100.00% |
Equity securities | US Plan Assets | ||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | ||
Target Allocation Percentage of Assets, Range Minimum | 37.00% | |
Target Allocation Percentage of Assets, Range Maximum | 56.00% | |
Target allocation of assets | 52.00% | 48.00% |
Equity securities | International | ||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | ||
Target Allocation Percentage of Assets, Range Minimum | 45.00% | |
Target Allocation Percentage of Assets, Range Maximum | 71.00% | |
Target allocation of assets | 64.00% | 58.00% |
Debt securities | US Plan Assets | ||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | ||
Target Allocation Percentage of Assets, Range Minimum | 35.00% | |
Target Allocation Percentage of Assets, Range Maximum | 62.00% | |
Target allocation of assets | 36.00% | 42.00% |
Debt securities | International | ||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | ||
Target Allocation Percentage of Assets, Range Minimum | 20.00% | |
Target Allocation Percentage of Assets, Range Maximum | 35.00% | |
Target allocation of assets | 27.00% | 32.00% |
Cash and cash equivalents | US Plan Assets | ||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | ||
Target Allocation Percentage of Assets, Range Minimum | 0.00% | |
Target Allocation Percentage of Assets, Range Maximum | 3.00% | |
Target allocation of assets | 2.00% | 5.00% |
Cash and cash equivalents | International | ||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | ||
Target Allocation Percentage of Assets, Range Minimum | 0.00% | |
Target Allocation Percentage of Assets, Range Maximum | 5.00% | |
Target allocation of assets | 2.00% | 4.00% |
Alternative investments | US Plan Assets | ||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | ||
Target Allocation Percentage of Assets, Range Minimum | 0.00% | |
Target Allocation Percentage of Assets, Range Maximum | 10.00% | |
Target allocation of assets | 10.00% | 8.00% |
Alternative investments | International | ||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | ||
Target Allocation Percentage of Assets, Range Minimum | 0.00% | |
Target Allocation Percentage of Assets, Range Maximum | 25.00% | |
Target allocation of assets | 7.00% | 6.00% |
Pension and Other Benefit Pla94
Pension and Other Benefit Plans - Additional Information (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Frequency of asset performance monitored, years | 5 years | ||
Anticipated contributions to postretirement benefit plans | $ 350 | ||
Expenses for deferred benefit programs | $ 565 | $ 749 | $ 671 |
US Employees Postretirement Benefits Other Than Pensions | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Retirement coverage plan, description | During the fourth quarter of 2014 Schlumberger announced that, effective April 1, 2015, it will change the way it provides healthcare coverage to certain retirees who are age 65 and over. Under the amended plan, these retirees transferred to individual coverage under the Medicare Exchange. Schlumberger will subsidize the cost of the program by providing these retirees with a Health Reimbursement Account. The annual subsidy may be increased based on medical cost inflation, but it will not be increased more than 5% in any given year. | ||
US Employees Postretirement Benefits Other Than Pensions | Maximum | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Compensation increases | 5.00% | ||
Postretirement medical plan | Government and government-related debt securities | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Investment of assets in government and government-related debt securities under US postretirement medical plan | 40.00% | ||
Postretirement medical plan | United States | Equity securities | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Investment of assets in government and government-related debt securities under US postretirement medical plan | 60.00% |
Pension and Other Benefit Pla95
Pension and Other Benefit Plans - Fair Value of Schlumberger's Pension Plan Assets (Detail) - USD ($) $ in Millions | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 |
US Plan Assets | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Plan assets at fair value | $ 3,467 | $ 3,549 | $ 3,269 |
US Plan Assets | Cash and cash equivalents | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Plan assets at fair value | 86 | 59 | |
US Plan Assets | International | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Plan assets at fair value | 605 | 552 | |
US Plan Assets | Corporate bonds | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Plan assets at fair value | 599 | 654 | |
US Plan Assets | Government and government-related debt securities | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Plan assets at fair value | 589 | 735 | |
US Plan Assets | Collateralized mortgage obligations and mortgage backed securities | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Plan assets at fair value | 65 | 107 | |
US Plan Assets | Private equity | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Plan assets at fair value | 203 | 210 | |
US Plan Assets | Real estate | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Plan assets at fair value | 125 | 83 | |
US Plan Assets | United States | Equity securities | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Plan assets at fair value | 1,195 | 1,149 | |
US Plan Assets | Level One | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Plan assets at fair value | 1,327 | 1,270 | |
US Plan Assets | Level One | Cash and cash equivalents | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Plan assets at fair value | 40 | 40 | |
US Plan Assets | Level One | International | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Plan assets at fair value | 473 | 433 | |
US Plan Assets | Level One | Government and government-related debt securities | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Plan assets at fair value | 159 | 175 | |
US Plan Assets | Level One | United States | Equity securities | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Plan assets at fair value | 655 | 622 | |
US Plan Assets | Level Two | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Plan assets at fair value | 1,812 | 1,986 | |
US Plan Assets | Level Two | Cash and cash equivalents | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Plan assets at fair value | 46 | 19 | |
US Plan Assets | Level Two | International | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Plan assets at fair value | 132 | 119 | |
US Plan Assets | Level Two | Corporate bonds | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Plan assets at fair value | 599 | 654 | |
US Plan Assets | Level Two | Government and government-related debt securities | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Plan assets at fair value | 430 | 560 | |
US Plan Assets | Level Two | Collateralized mortgage obligations and mortgage backed securities | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Plan assets at fair value | 65 | 107 | |
US Plan Assets | Level Two | United States | Equity securities | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Plan assets at fair value | 540 | 527 | |
US Plan Assets | Level Three | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Plan assets at fair value | 328 | 293 | |
US Plan Assets | Level Three | Private equity | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Plan assets at fair value | 203 | 210 | |
US Plan Assets | Level Three | Real estate | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Plan assets at fair value | 125 | 83 | |
International | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Plan assets at fair value | 6,832 | 6,830 | $ 6,246 |
International | Cash and cash equivalents | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Plan assets at fair value | 138 | 264 | |
International | International | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Plan assets at fair value | 1,639 | 1,534 | |
International | Corporate bonds | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Plan assets at fair value | 657 | 780 | |
International | Government and government-related debt securities | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Plan assets at fair value | 1,036 | 1,181 | |
International | Collateralized mortgage obligations and mortgage backed securities | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Plan assets at fair value | 143 | 256 | |
International | Private equity | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Plan assets at fair value | 331 | 246 | |
International | Real estate | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Plan assets at fair value | 49 | 49 | |
International | Other | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Plan assets at fair value | 103 | 88 | |
International | United States | Equity securities | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Plan assets at fair value | 2,736 | 2,432 | |
International | Level One | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Plan assets at fair value | 3,542 | 2,986 | |
International | Level One | Cash and cash equivalents | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Plan assets at fair value | 115 | 174 | |
International | Level One | International | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Plan assets at fair value | 1,179 | 1,047 | |
International | Level One | Government and government-related debt securities | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Plan assets at fair value | 8 | 8 | |
International | Level One | United States | Equity securities | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Plan assets at fair value | 2,240 | 1,757 | |
International | Level Two | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Plan assets at fair value | 2,807 | 3,461 | |
International | Level Two | Cash and cash equivalents | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Plan assets at fair value | 23 | 90 | |
International | Level Two | International | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Plan assets at fair value | 460 | 487 | |
International | Level Two | Corporate bonds | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Plan assets at fair value | 657 | 780 | |
International | Level Two | Government and government-related debt securities | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Plan assets at fair value | 1,028 | 1,173 | |
International | Level Two | Collateralized mortgage obligations and mortgage backed securities | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Plan assets at fair value | 143 | 256 | |
International | Level Two | United States | Equity securities | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Plan assets at fair value | 496 | 675 | |
International | Level Three | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Plan assets at fair value | 483 | 383 | |
International | Level Three | Private equity | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Plan assets at fair value | 331 | 246 | |
International | Level Three | Real estate | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Plan assets at fair value | 49 | 49 | |
International | Level Three | Other | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Plan assets at fair value | $ 103 | $ 88 |
Pension and Other Benefit Pla96
Pension and Other Benefit Plans - Defined Benefit Plan Weighted Average Assumptions Used in Calculating Benefit Obligation and Net Periodic Benefit Cost For US Postretirement Medical Plan (Detail) | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Discount rate | 4.50% | 4.15% | |
Current medical cost trend rate | 7.00% | 7.00% | |
Ultimate medical cost trend rate | 5.00% | 5.00% | |
Year that the rate reaches the ultimate trend rate | 2,023 | 2,023 | |
Postretirement medical plan | |||
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |||
Discount rate | 4.15% | 4.85% | 4.25% |
Return on plan assets | 7.00% | 7.00% | 7.00% |
Current medical cost trend rate | 7.00% | 7.25% | 7.50% |
Ultimate medical cost trend rate | 5.00% | 5.00% | 5.00% |
Year that the rate reaches the ultimate trend rate | 2,023 | 2,023 | 2,023 |
Pension and Other Benefit Pla97
Pension and Other Benefit Plans - Changes in Accumulated Postretirement Benefit Obligation, Plan Assets and Funded Status (Detail) - Postretirement medical plan - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2015 | Dec. 31, 2014 | |
Change in Projected Benefit Obligations | ||
Projected benefit obligation at beginning of year | $ 1,221 | $ 1,247 |
Service cost | 42 | 43 |
Interest cost | 48 | 60 |
Contribution by plan participants | 7 | 6 |
Actuarial (gains) losses | (168) | 210 |
Benefits paid | (47) | (46) |
Plan amendments | (299) | |
Projected benefit obligation at end of year | 1,103 | 1,221 |
Change in Plan Assets | ||
Plan assets at fair value at beginning of year | 854 | 731 |
Company contributions | 66 | 65 |
Contribution by plan participants | 7 | 6 |
Benefits paid | (47) | (46) |
Actual return on plan assets | 4 | 98 |
Plan assets at fair value at end of year | 884 | 854 |
Unfunded Liability | (219) | (367) |
Amounts Recognized in Accumulated Other Comprehensive Loss | ||
Actuarial (gains) losses | 106 | 242 |
Prior service cost | (275) | (307) |
Total amount recognized in accumulated other comprehensive income | $ (169) | $ (65) |
Pension and Other Benefit Pla98
Pension and Other Benefit Plans - Effect of One Percentage Point Change in Assumed Health Care Cost Trend Rates (Detail) - Postretirement medical plan $ in Millions | 12 Months Ended |
Dec. 31, 2015USD ($) | |
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |
Effect on total service and interest cost components, One percentage point increase | $ 7 |
Effect on accumulated postretirement benefit obligation, One percentage point increase | 37 |
Effect on total service and interest cost components, One percentage point decrease | (6) |
Effect on accumulated postretirement benefit obligation, One percentage point decrease | $ (33) |
Pension and Other Benefit Pla99
Pension and Other Benefit Plans - Expected Benefits to be Paid Under US and International Pension Plans and Postretirement Medical Plan (Detail) $ in Millions | Dec. 31, 2015USD ($) |
US Plan Assets | |
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |
2,016 | $ 176 |
2,017 | 183 |
2,018 | 189 |
2,019 | 197 |
2,020 | 205 |
2021-2025 | 1,152 |
International | |
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |
2,016 | 242 |
2,017 | 259 |
2,018 | 278 |
2,019 | 294 |
2,020 | 310 |
2021-2025 | 1,781 |
Postretirement medical plan | |
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |
2,016 | 50 |
2,017 | 53 |
2,018 | 57 |
2,019 | 60 |
2,020 | 62 |
2021-2025 | $ 341 |
Pension and Other Benefit Pl100
Pension and Other Benefit Plans - Defined Benefit Plan, Amounts That Will be Amortized from Accumulated Other Comprehensive Income (loss) in Next Fiscal Year (Detail) $ in Millions | 12 Months Ended |
Dec. 31, 2015USD ($) | |
Pension Plans | |
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |
Net actuarial losses | $ 163 |
Prior service cost (credit) | 133 |
Postretirement medical plan | |
Pension Plans Postretirement And Other Employee Benefits [Line Items] | |
Prior service cost (credit) | $ (32) |
Supplementary Information - Cas
Supplementary Information - Cash Paid for Interest and Income Taxes (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Segment Reporting [Abstract] | |||
Interest | $ 346 | $ 389 | $ 369 |
Income tax | $ 1,567 | $ 2,048 | $ 1,729 |
Supplementary Information - Add
Supplementary Information - Additional Information (Detail) $ in Millions | Dec. 31, 2015USD ($) |
Segment Reporting [Abstract] | |
Fixed assets receivable in lieu of accounts receivable | $ 200 |
Supplementary Information - Int
Supplementary Information - Interest and Other Income, Net (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Segment Reporting [Abstract] | |||
Interest income | $ 52 | $ 51 | $ 33 |
Earnings of equity method investments | 184 | 240 | 132 |
Interest and other income, net | $ 236 | $ 291 | $ 165 |
Supplementary Information - Cha
Supplementary Information - Change in Allowance for Doubtful Accounts (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Segment Reporting [Abstract] | |||
Balance at beginning of year | $ 275 | $ 384 | $ 202 |
Provision | 75 | 39 | 205 |
Amounts written off | (17) | (148) | (23) |
Balance at end of year | $ 333 | $ 275 | $ 384 |
Supplementary Information - Acc
Supplementary Information - Accounts Payable and Accrued Liabilities (Detail) - USD ($) $ in Millions | Dec. 31, 2015 | Dec. 31, 2014 |
Segment Reporting [Abstract] | ||
Payroll, vacation and employee benefits | $ 1,424 | $ 1,899 |
Trade | 3,243 | 4,344 |
Other | 3,060 | 3,003 |
Accounts payable and accrued liabilities | $ 7,727 | $ 9,246 |
Discontinued Operations - Addit
Discontinued Operations - Additional Information (Detail) $ in Millions | 3 Months Ended | 12 Months Ended | |||
Jun. 30, 2014USD ($) | Dec. 31, 2015Conspiracy | Dec. 31, 2014USD ($) | Dec. 31, 2013USD ($) | Jun. 30, 2015USD ($) | |
Discontinued Operations And Disposal Groups [Abstract] | |||||
Loss from discontinued operations | $ 205 | $ 205 | $ 69 | ||
Number of resolved criminal counts of conspiracy to violate International Emergency Powers Act | Conspiracy | 1 | ||||
Amount of fines, penalties and assessments | $ 233 |
Discontinued Operations - Disco
Discontinued Operations - Discontinued Operations (Detail) - USD ($) $ in Millions | 3 Months Ended | 12 Months Ended | |
Jun. 30, 2014 | Dec. 31, 2014 | Dec. 31, 2013 | |
Discontinued Operations And Disposal Groups [Abstract] | |||
Revenue | $ 102 | ||
Loss before taxes | $ (205) | (63) | |
Tax expense | (6) | ||
Loss from discontinued operations | $ (205) | $ (205) | $ (69) |