Schlumberger Limited (SLB) 10-Q 26 Apr 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	3 Months Ended
	Mar. 31, 2017shares
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Trading Symbol	SLB
Entity Registrant Name	SCHLUMBERGER LIMITED/NV
Entity Central Index Key	87,347
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding	1,389,476,854

CONSOLIDATED STATEMENT OF INCOM

CONSOLIDATED STATEMENT OF INCOME (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Revenue
Services	$ 4,937	$ 5,763
Product sales	1,957	757
Total Revenue	6,894	6,520
Interest & other income	46	45
Expenses
Cost of services	4,251	4,795
Cost of sales	1,825	665
Research & engineering	211	240
General & administrative	98	110
Merger & integration	82
Interest	139	133
Income before taxes	334	622
Taxes on income	50	99
Net income	284	523
Net income attributable to noncontrolling interests	5	22
Net income attributable to Schlumberger	$ 279	$ 501
Basic earnings per share of Schlumberger	$ 0.20	$ 0.40
Diluted earnings per share of Schlumberger	$ 0.20	$ 0.40
Average shares outstanding:
Basic	1,393	1,254
Assuming dilution	1,402	1,259

CONSOLIDATED STATEMENT OF COMPR

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 284	$ 523
Currency translation adjustments
Unrealized net change arising during the period	45	17
Marketable securities
Unrealized gain (loss) arising during the period	(4)	3
Cash flow hedges
Net loss on cash flow hedges	11	(85)
Reclassification to net income of net realized loss		94
Actuarial loss
Amortization to net income of net actuarial loss	43	45
Prior service cost
Amortization to net income of net prior service cost	20	25
Income taxes on pension and other postretirement benefit plans	(1)	(7)
Comprehensive income	398	615
Comprehensive income attributable to noncontrolling interests	5	22
Comprehensive income attributable to Schlumberger	$ 393	$ 593

CONSOLIDATED BALANCE SHEET

CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Current Assets
Cash	$ 1,902	$ 2,929
Short-term investments	5,451	6,328
Receivables less allowance for doubtful accounts (2017 - $356; 2016 - $397)	8,636	9,387
Inventories	4,288	4,225
Other current assets	1,606	1,058
Current assets total	21,883	23,927
Fixed Income Investments, held to maturity	238	238
Investments in Affiliated Companies	1,482	1,243
Fixed Assets less accumulated depreciation	12,507	12,821
Multiclient Seismic Data	1,089	1,073
Goodwill	25,045	24,990
Intangible Assets	9,743	9,855
Other Assets	4,188	3,809
Total Assets	76,175	77,956
Current Liabilities
Accounts payable and accrued liabilities	9,408	10,016
Estimated liability for taxes on income	1,215	1,188
Short-term borrowings and current portion of long-term debt	2,449	3,153
Dividends payable	704	702
Current Liabilities Total	13,776	15,059
Long-term Debt	16,538	16,463
Postretirement Benefits	1,457	1,495
Deferred Taxes	1,908	1,880
Other Liabilities	1,442	1,530
Total Liabilities	35,121	36,427
Equity
Common stock	12,780	12,801
Treasury stock	(3,697)	(3,550)
Retained earnings	36,052	36,470
Accumulated other comprehensive loss	(4,529)	(4,643)
Schlumberger stockholders' equity	40,606	41,078
Noncontrolling interests	448	451
Total equity	41,054	41,529
Liabilities and stockholders equity	$ 76,175	$ 77,956

CONSOLIDATED BALANCE SHEET (Par

CONSOLIDATED BALANCE SHEET (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Statement Of Financial Position [Abstract]
Allowance for doubtful accounts on receivable	$ 356	$ 397

CONSOLIDATED STATEMENT OF CASH

CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Cash flows from operating activities:
Net income		$ 284	$ 523
Adjustments to reconcile net income to cash provided by operating activities:
Merger & integration charges		82
Depreciation and amortization	[1]	989	967
Pension and other postretirement benefits expense		37	60
Stock-based compensation expense		88	61
Pension and other postretirement benefits funding		(29)	(45)
Earnings of equity method investments, less dividends received		(10)	(25)
Change in assets and liabilities:
Decrease in receivables	[2]	58	414
(Increase) decrease in inventories	[2]	(33)	125
(Increase) decrease in other current assets	[2]	(115)	85
(Increase) decrease in other assets	[2]	(56)	5
Decrease in accounts payable and accrued liabilities	[2]	(670)	(983)
Decrease in estimated liability for taxes on income	[2]	(31)	(104)
(Decrease) increase in other liabilities	[2]	(28)	2
Other	[2]	90	125
NET CASH PROVIDED BY OPERATING ACTIVITIES		656	1,210
Cash flows from investing activities:
Capital expenditures		(381)	(549)
SPM investments		(144)	(597)
Multiclient seismic data costs capitalized		(116)	(167)
Business acquisitions and investments, net of cash acquired		(273)	(81)
Sale (purchase) of investments, net		883	(2,093)
Other		(24)	(26)
NET CASH USED IN INVESTING ACTIVITIES		(55)	(3,513)
Cash flows from financing activities:
Dividends paid		(696)	(629)
Proceeds from employee stock purchase plan		96	116
Proceeds from exercise of stock options		39	47
Stock repurchase program		(372)	(475)
Proceeds from issuance of long-term debt		334	3,542
Repayment of long-term debt		(1)	(500)
Net decrease in short-term borrowings		(1,015)	(561)
Other		(22)	47
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES		(1,637)	1,587
Net decrease in cash before translation effect		(1,036)	(716)
Translation effect on cash		9	3
Cash, beginning of period		2,929	2,793
Cash, end of period		$ 1,902	$ 2,080
[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.

CONSOLIDATED STATEMENT OF EQUIT

CONSOLIDATED STATEMENT OF EQUITY (Unaudited) - 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, 2015	$ 35,905	$ 12,693	$ (13,372)	$ 40,870	$ (4,558)	$ 272
Net income	523			501		22
Currency translation adjustments	17				17
Changes in unrealized gain on marketable securities	3				3
Changes in fair value of cash flow hedges	9				9
Pension and other postretirement benefit plans	63				63
Shares sold to optionees, less shares exchanged	47	(17)	64
Vesting of restricted stock		(28)	28
Shares issued under employee stock purchase plan	116	(19)	135
Stock repurchase program	(475)		(475)
Stock-based compensation expense	61	61
Dividends declared	(626)			(626)
Other	19	10				9
Balance at Mar. 31, 2016	35,662	12,700	(13,620)	40,745	(4,466)	303
Balance at Dec. 31, 2016	$ 41,529	$ 12,801	(3,550)	36,470	(4,643)	451
Balance, shares at Dec. 31, 2016	1,391	1,434
Treasury shares, Balance at Dec. 31, 2016	(43)
Net income	$ 284			279		5
Currency translation adjustments	45				45
Changes in unrealized gain on marketable securities	(4)				(4)
Changes in fair value of cash flow hedges	11				11
Pension and other postretirement benefit plans	62				62
Shares sold to optionees, less shares exchanged	$ 39	$ (29)	$ 68
Shares sold to optionees, less shares exchanged, shares	1		1
Vesting of restricted stock		(49)	$ 49
Vesting of restricted stock, shares	1		1
Shares issued under employee stock purchase plan	$ 96	(12)	$ 108
Shares issued under employee stock purchase plan, shares	1		1
Stock repurchase program	$ (372)		$ (372)
Stock repurchase program, shares	(5)		(5)
Stock-based compensation expense	$ 88	88
Dividends declared	(697)			(697)
Other	(27)	(19)				(8)
Balance at Mar. 31, 2017	$ 41,054	$ 12,780	$ (3,697)	$ 36,052	$ (4,529)	$ 448
Balance, shares at Mar. 31, 2017	1,389	1,434
Treasury shares, Balance at Mar. 31, 2017	(45)

CONSOLIDATED STATEMENT OF EQUI8

CONSOLIDATED STATEMENT OF EQUITY (Parenthetical) (Unaudited) - $ / shares	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Retained Earnings
Dividends declared, per share	$ 0.50	$ 0.50

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2017
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Presentation	1. Basis of Presentation The accompanying unaudited consolidated financial statements of Schlumberger Limited and its subsidiaries (Schlumberger) have been prepared in accordance with generally accepted accounting principles in the United States of America for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of Schlumberger management, all adjustments considered necessary for a fair statement have been included in the accompanying unaudited financial statements. All intercompany transactions and balances have been eliminated in consolidation. Operating results for the three-month period ended March 31, 2017 are not necessarily indicative of the results that may be expected for the full year ending December 31, 2017. The December 31, 2016 balance sheet information has been derived from the Schlumberger 2016 audited financial statements. For further information, refer to the Consolidated Financial Statements New Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers In February 2016, the FASB issued ASU No. 2016-02, Leases Consolidated Balance Sheet

Charges and Credits

Charges and Credits	3 Months Ended
	Mar. 31, 2017
Restructuring And Related Activities [Abstract]
Charges and Credits	2. Charges and Credits In connection with Schlumberger’s acquisition of Cameron (See Note 4 – Acquisition of Cameron Merger & integration Consolidated Statement of Income There were no charges or credits recorded during the first quarter of 2016.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2017
Earnings Per Share [Abstract]
Earnings Per Share	3. Earnings Per Share The following is a reconciliation from basic earnings per share of Schlumberger to diluted earnings per share of Schlumberger: (Stated in millions, except per share amounts) 2017 2016 Schlumberger Net Income Average Shares Outstanding Earnings per Share Schlumberger Net Income Average Shares Outstanding Earnings per Share First Quarter Basic $ 279 1,393 $ 0.20 $ 501 1,254 $ 0.40 Assumed exercise of stock options - 4 - 1 Unvested restricted stock - 5 - 4 Diluted $ 279 1,402 $ 0.20 $ 501 1,259 $ 0.40 The number of outstanding options to purchase shares of Schlumberger common stock that were not included in the computation of diluted earnings per share, because to do so would have had an antidilutive effect, was as follows: (Stated in millions) 2017 2016 First Quarter 23 32

Acquisition of Cameron

Acquisition of Cameron	3 Months Ended
	Mar. 31, 2017
Business Combinations [Abstract]
Acquisition of Cameron	4. Acquisition of Cameron On April 1, 2016, Schlumberger acquired all of the outstanding shares of Cameron, a leading provider of flow equipment products, systems and services to the oil and gas industry worldwide. Schlumberger issued approximately 138 million shares of its common stock, which were valued at $9.9 billion at the time of closing, and paid cash of $2.8 billion. Prior to being acquired by Schlumberger, Cameron reported revenue of approximately $1.6 billion during the first quarter of 2016.

Inventories

Inventories	3 Months Ended
	Mar. 31, 2017
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) Mar. 31, Dec. 31, 2017 2016 Raw materials & field materials $ 1,633 $ 1,720 Work in progress 597 610 Finished goods 2,058 1,895 $ 4,288 $ 4,225

Fixed Assets

Fixed Assets	3 Months Ended
	Mar. 31, 2017
Property Plant And Equipment [Abstract]
Fixed Assets	6. Fixed Assets A summary of fixed assets follows: (Stated in millions) Mar. 31, Dec. 31, 2017 2016 Property, plant & equipment $ 39,857 $ 40,008 Less: Accumulated depreciation 27,350 27,187 $ 12,507 $ 12,821 Depreciation expense relating to fixed assets was $613 million and $682 million in the first quarter of 2017 and 2016, respectively.

Multiclient Seismic Data

Multiclient Seismic Data	3 Months Ended
	Mar. 31, 2017
Multiclient Seismic Data [Abstract]
Multiclient Seismic Data	7. Multiclient Seismic Data The change in the carrying amount of multiclient seismic data for the three months ended March 31, 2017 was as follows: (Stated in millions) Balance at December 31, 2016 $ 1,073 Capitalized in period 116 Charged to expense (100 ) Balance at March 31, 2017 $ 1,089

Intangible Assets

Intangible Assets	3 Months Ended
	Mar. 31, 2017
Goodwill And Intangible Assets Disclosure [Abstract]
Intangible Assets	8. Intangible Assets The gross book value, accumulated amortization and net book value of intangible assets were as follows: (Stated in millions) Mar. 31, 2017 Dec. 31, 2016 Gross Accumulated Net Book Gross Accumulated Net Book Book Amortization Value Book Value Amortization Value Customer relationships $ 4,960 $ 927 $ 4,033 $ 4,938 $ 865 $ 4,073 Technology/technical know-how 3,655 896 2,759 3,655 835 2,820 Tradenames 2,847 484 2,363 2,847 458 2,389 Other 1,166 578 588 1,122 549 573 $ 12,628 $ 2,885 $ 9,743 $ 12,562 $ 2,707 $ 9,855 Amortization expense charged to income was $169 million during the first quarter of 2017 and $89 million during the first quarter of 2016. Based on the net book value of intangible assets at March 31, 2017, amortization charged to income for the subsequent five years is estimated to be: remaining three quarters of 2017—$526 million; 2018—$668 million; 2019—$627 million; 2020—$599 million; 2021—$576 million; and 2022—$571 million.

Long-term Debt

Long-term Debt	3 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
Long-term Debt	9. Long-term Debt A summary of Long-term Debt (Stated in millions) Mar. 31, Dec. 31, 2017 2016 4.00% Senior Notes due 2025 $ 1,740 $ 1,740 3.30% Senior Notes due 2021 1,594 1,594 3.00% Senior Notes due 2020 1,591 1,591 3.65% Senior Notes due 2023 1,491 1,491 2.35% Senior Notes due 2018 1,297 1,297 4.20% Senior Notes due 2021 1,100 1,100 2.40% Senior Notes due 2022 996 996 3.63% Senior Notes due 2022 845 845 0.63% Guaranteed Notes due 2019 645 622 1.50% Guaranteed Notes due 2019 551 536 6.38% Notes due 2018 294 297 7.00% Notes due 2038 214 214 4.50% Notes due 2021 137 137 5.95% Notes due 2041 116 116 3.60% Notes due 2022 110 110 5.13% Notes due 2043 99 99 4.00% Notes due 2023 82 83 3.70% Notes due 2024 56 56 Commercial paper borrowings 2,503 2,421 Other 1,077 1,118 $ 16,538 $ 16,463 The estimated fair value of Schlumberger’s Long-term Debt, Borrowings under the commercial paper program at March 31, 2017 were $2.9 billion, of which $2.5 billion was classified within Long-term Debt Short-term borrowings and current portion of long-term debt Consolidated Balance Sheet Long-term debt Short-term borrowings and current portion of long-term debt Consolidated Balance Sheet

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	3 Months Ended
	Mar. 31, 2017
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	10. Derivative Instruments and Hedging Activities Schlumberger is exposed to market risks related to fluctuations in foreign currency exchange rates and interest 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 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 March 31, 2017, Schlumberger had fixed rate debt of $14.2 billion and variable rate debt of $4.8 billion after taking into account the effect of the swap. Short-term investments and , totaled $5.7 billion at March 31, 2017. 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 over 85 countries. Schlumberger’s functional currency is primarily the US dollar. 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 that is denominated in currencies other than the functional currency. Schlumberger uses foreign currency forward contracts to provide a hedge against a portion of these cash flow risks. These contracts are accounted for as cash flow hedges, with the effective portion of changes in the fair value of the hedge recorded on the Consolidated Balance Sheet Accumulated Other Comprehensive Loss. Accumulated Other Comprehensive Loss At March 31, 2017, Schlumberger recognized a cumulative net loss of $8 million in Accumulated other comprehensive loss Schlumberger is exposed to changes in the fair value of assets and liabilities that 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 is recorded on the Consolidated Balance Sheet, Consolidated Statement of Income At March 31, 2017, contracts were outstanding for the US dollar equivalent of $3.8 billion in various foreign currencies, of which $0.7 billion related to hedges of debt denominated in currencies other than the functional currency. The fair values of outstanding derivative instruments were as follows: (Stated in millions) Fair Value of Derivatives Consolidated Balance Sheet Classification Mar. 31, Dec. 31, 2017 2016 Derivative Assets Derivatives designated as hedges: Foreign exchange contracts $ 2 $ 1 Other current assets Derivatives not designated as hedges: Foreign exchange contracts $ 35 $ 42 Other current assets $ 37 $ 43 Derivative Liabilities Derivatives designated as hedges: Foreign exchange contracts $ 7 $ 18 Accounts payable and accrued liabilities Cross currency swap 37 49 Other Liabilities $ 44 $ 67 Derivatives not designated as hedges: Foreign exchange contracts $ 21 $ 59 Accounts payable and accrued liabilities $ 65 $ 126 The fair value of all outstanding derivatives was determined using a model with inputs that are observable in the market or that 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 (Stated in millions) Gain (Loss) Recognized in Income First Quarter 2017 2016 Consolidated of Income Classification Derivatives designated as fair value hedges: Cross currency swap $ 18 $ 10 Interest Derivatives not designated as hedges: Foreign exchange contracts $ 6 $ (81 ) Cost of services/sales

Contingencies

Contingencies	3 Months Ended
	Mar. 31, 2017
Commitments And Contingencies Disclosure [Abstract]
Contingencies	11. 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 currently pending legal proceeding is remote. However, litigation is inherently uncertain and it is not possible to predict the ultimate disposition of any of these proceedings.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2017
Segment Reporting [Abstract]
Segment Information	12. Segment Information (Stated in millions) First Quarter 2017 First Quarter 2016 Income Income Before Before Revenue Taxes Revenue Taxes Reservoir Characterization $ 1,618 $ 281 $ 1,719 $ 334 Drilling 1,985 229 2,493 371 Production 2,187 110 2,376 206 Cameron 1,229 162 - - Eliminations & other (125 ) (25 ) (68 ) (10 ) Pretax operating income 757 901 Corporate & other (1) (239 ) (172 ) Interest income (2) 24 13 Interest expense (3) (126 ) (120 ) Charges and credits (4) (82 ) - $ 6,894 $ 334 $ 6,520 $ 622 (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. The first quarter of 2017 includes $63 million of intangible asset amortization expense resulting from the April 2016 acquisition of Cameron. (2 ) Interest income excludes amounts which are included in the segments’ income ($5 million in 2017; $6 million in 2016). (3) Interest expense excludes amounts which are included in the segments’ income ($13 million in 2017; $13 million in 2016). (4) See Note 2 – Charges and Credits . Certain prior period items have been reclassified to conform to the current period presentation.

Pension and Other Postretiremen

Pension and Other Postretirement Benefit Plans	3 Months Ended
	Mar. 31, 2017
Compensation And Retirement Disclosure [Abstract]
Pension and Other Postretirement Benefit Plans	13. Pension and Other Postretirement Benefit Plans Net pension cost for the Schlumberger pension plans included the following components: (Stated in millions) First Quarter 2017 2016 US Int'l US Int'l Service cost $ 15 $ 29 $ 18 $ 37 Interest cost 44 78 44 80 Expected return on plan assets (60 ) (136 ) (61 ) (134 ) Amortization of prior service cost 3 24 3 30 Amortization of net loss 10 33 23 22 $ 12 $ 28 $ 27 $ 35 The net periodic benefit credit for the Schlumberger US postretirement medical plan included the following components: (Stated in millions) First Quarter 2017 2016 Service cost $ 8 $ 8 Interest cost 11 12 Expected return on plan assets (15 ) (14 ) Amortization of prior service credit (7 ) (8 ) $ (3 ) $ (2 )

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	3 Months Ended
	Mar. 31, 2017
Equity [Abstract]
Accumulated Other Comprehensive Loss	14. Accumulated Other Comprehensive Loss Accumulated other comprehensive loss consists of the following: (Stated in millions) Unrealized Pension and Currency Gain on Other Translation Marketable Cash Flow Postretirement Adjustments Securities Hedges Benefit Plans Total Balance, January 1, 2017 $ (2,136 ) $ 21 $ (19 ) $ (2,509 ) $ (4,643 ) Other comprehensive gain (loss) before reclassifications 45 (4 ) 11 - 52 Amounts reclassified from accumulated other comprehensive loss - - - 63 63 Income taxes - - - (1 ) (1 ) Net other comprehensive (loss) income 45 (4 ) 11 62 114 Balance, March 31, 2017 $ (2,091 ) $ 17 $ (8 ) $ (2,447 ) $ (4,529 ) (Stated in millions) Unrealized Pension and Currency Gain on Other Translation Marketable Cash Flow Postretirement Adjustments Securities Hedges Benefit Plans Total Balance, January 1, 2016 $ (2,053 ) $ - $ (39 ) $ (2,466 ) $ (4,558 ) Other comprehensive gain (loss) before reclassifications 17 3 (85 ) - (65 ) Amounts reclassified from accumulated other comprehensive loss - - 94 70 164 Income taxes - - - (7 ) (7 ) Net other comprehensive income 17 3 9 63 92 Balance, March 31, 2016 $ (2,036 ) $ 3 $ (30 ) $ (2,403 ) $ (4,466 )

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2017
Organization Consolidation And Presentation Of Financial Statements [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers In February 2016, the FASB issued ASU No. 2016-02, Leases Consolidated Balance Sheet

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2017
Earnings Per Share [Abstract]
Reconciliation of Earnings Per Share	The following is a reconciliation from basic earnings per share of Schlumberger to diluted earnings per share of Schlumberger: (Stated in millions, except per share amounts) 2017 2016 Schlumberger Net Income Average Shares Outstanding Earnings per Share Schlumberger Net Income Average Shares Outstanding Earnings per Share First Quarter Basic $ 279 1,393 $ 0.20 $ 501 1,254 $ 0.40 Assumed exercise of stock options - 4 - 1 Unvested restricted stock - 5 - 4 Diluted $ 279 1,402 $ 0.20 $ 501 1,259 $ 0.40
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The number of outstanding options to purchase shares of Schlumberger common stock that were not included in the computation of diluted earnings per share, because to do so would have had an antidilutive effect, was as follows: (Stated in millions) 2017 2016 First Quarter 23 32

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2017
Inventory Disclosure [Abstract]
Summary of Inventory	A summary of inventories, which are stated at the lower of average cost or market, follows: (Stated in millions) Mar. 31, Dec. 31, 2017 2016 Raw materials & field materials $ 1,633 $ 1,720 Work in progress 597 610 Finished goods 2,058 1,895 $ 4,288 $ 4,225

Fixed Assets (Tables)

Fixed Assets (Tables)	3 Months Ended
	Mar. 31, 2017
Property Plant And Equipment [Abstract]
Summary of Fixed Assets	A summary of fixed assets follows: (Stated in millions) Mar. 31, Dec. 31, 2017 2016 Property, plant & equipment $ 39,857 $ 40,008 Less: Accumulated depreciation 27,350 27,187 $ 12,507 $ 12,821

Multiclient Seismic Data (Table

Multiclient Seismic Data (Tables)	3 Months Ended
	Mar. 31, 2017
Multiclient Seismic Data [Abstract]
Change in Carrying Amount of Multiclient Seismic Data	The change in the carrying amount of multiclient seismic data for the three months ended March 31, 2017 was as follows: (Stated in millions) Balance at December 31, 2016 $ 1,073 Capitalized in period 116 Charged to expense (100 ) Balance at March 31, 2017 $ 1,089

Intangible Assets (Tables)

Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2017
Goodwill And Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets by Major Class	The gross book value, accumulated amortization and net book value of intangible assets were as follows: (Stated in millions) Mar. 31, 2017 Dec. 31, 2016 Gross Accumulated Net Book Gross Accumulated Net Book Book Amortization Value Book Value Amortization Value Customer relationships $ 4,960 $ 927 $ 4,033 $ 4,938 $ 865 $ 4,073 Technology/technical know-how 3,655 896 2,759 3,655 835 2,820 Tradenames 2,847 484 2,363 2,847 458 2,389 Other 1,166 578 588 1,122 549 573 $ 12,628 $ 2,885 $ 9,743 $ 12,562 $ 2,707 $ 9,855

Long-term Debt (Tables)

Long-term Debt (Tables)	3 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
Summary of Long-term Debt	A summary of Long-term Debt (Stated in millions) Mar. 31, Dec. 31, 2017 2016 4.00% Senior Notes due 2025 $ 1,740 $ 1,740 3.30% Senior Notes due 2021 1,594 1,594 3.00% Senior Notes due 2020 1,591 1,591 3.65% Senior Notes due 2023 1,491 1,491 2.35% Senior Notes due 2018 1,297 1,297 4.20% Senior Notes due 2021 1,100 1,100 2.40% Senior Notes due 2022 996 996 3.63% Senior Notes due 2022 845 845 0.63% Guaranteed Notes due 2019 645 622 1.50% Guaranteed Notes due 2019 551 536 6.38% Notes due 2018 294 297 7.00% Notes due 2038 214 214 4.50% Notes due 2021 137 137 5.95% Notes due 2041 116 116 3.60% Notes due 2022 110 110 5.13% Notes due 2043 99 99 4.00% Notes due 2023 82 83 3.70% Notes due 2024 56 56 Commercial paper borrowings 2,503 2,421 Other 1,077 1,118 $ 16,538 $ 16,463

Derivative Instruments and He30

Derivative Instruments and Hedging Activities (Tables)	3 Months Ended
	Mar. 31, 2017
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Fair Values of Outstanding Derivative Instruments	The fair values of outstanding derivative instruments were as follows: (Stated in millions) Fair Value of Derivatives Consolidated Balance Sheet Classification Mar. 31, Dec. 31, 2017 2016 Derivative Assets Derivatives designated as hedges: Foreign exchange contracts $ 2 $ 1 Other current assets Derivatives not designated as hedges: Foreign exchange contracts $ 35 $ 42 Other current assets $ 37 $ 43 Derivative Liabilities Derivatives designated as hedges: Foreign exchange contracts $ 7 $ 18 Accounts payable and accrued liabilities Cross currency swap 37 49 Other Liabilities $ 44 $ 67 Derivatives not designated as hedges: Foreign exchange contracts $ 21 $ 59 Accounts payable and accrued liabilities $ 65 $ 126
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 (Stated in millions) Gain (Loss) Recognized in Income First Quarter 2017 2016 Consolidated of Income Classification Derivatives designated as fair value hedges: Cross currency swap $ 18 $ 10 Interest Derivatives not designated as hedges: Foreign exchange contracts $ 6 $ (81 ) Cost of services/sales

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2017
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	(Stated in millions) First Quarter 2017 First Quarter 2016 Income Income Before Before Revenue Taxes Revenue Taxes Reservoir Characterization $ 1,618 $ 281 $ 1,719 $ 334 Drilling 1,985 229 2,493 371 Production 2,187 110 2,376 206 Cameron 1,229 162 - - Eliminations & other (125 ) (25 ) (68 ) (10 ) Pretax operating income 757 901 Corporate & other (1) (239 ) (172 ) Interest income (2) 24 13 Interest expense (3) (126 ) (120 ) Charges and credits (4) (82 ) - $ 6,894 $ 334 $ 6,520 $ 622 (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. The first quarter of 2017 includes $63 million of intangible asset amortization expense resulting from the April 2016 acquisition of Cameron. (2 ) Interest income excludes amounts which are included in the segments’ income ($5 million in 2017; $6 million in 2016). (3) Interest expense excludes amounts which are included in the segments’ income ($13 million in 2017; $13 million in 2016). (4) See Note 2 – Charges and Credits . Certain prior period items have been reclassified to conform to the current period presentation.

Pension and Other Postretirem32

Pension and Other Postretirement Benefit Plans (Tables)	3 Months Ended
	Mar. 31, 2017
Compensation And Retirement Disclosure [Abstract]
Net Pension Cost for Schlumberger Pension Plans and US Postretirement Medical Plan	Net pension cost for the Schlumberger pension plans included the following components: (Stated in millions) First Quarter 2017 2016 US Int'l US Int'l Service cost $ 15 $ 29 $ 18 $ 37 Interest cost 44 78 44 80 Expected return on plan assets (60 ) (136 ) (61 ) (134 ) Amortization of prior service cost 3 24 3 30 Amortization of net loss 10 33 23 22 $ 12 $ 28 $ 27 $ 35 The net periodic benefit credit for the Schlumberger US postretirement medical plan included the following components: (Stated in millions) First Quarter 2017 2016 Service cost $ 8 $ 8 Interest cost 11 12 Expected return on plan assets (15 ) (14 ) Amortization of prior service credit (7 ) (8 ) $ (3 ) $ (2 )

Accumulated Other Comprehensi33

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Mar. 31, 2017
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Loss	Accumulated other comprehensive loss consists of the following: (Stated in millions) Unrealized Pension and Currency Gain on Other Translation Marketable Cash Flow Postretirement Adjustments Securities Hedges Benefit Plans Total Balance, January 1, 2017 $ (2,136 ) $ 21 $ (19 ) $ (2,509 ) $ (4,643 ) Other comprehensive gain (loss) before reclassifications 45 (4 ) 11 - 52 Amounts reclassified from accumulated other comprehensive loss - - - 63 63 Income taxes - - - (1 ) (1 ) Net other comprehensive (loss) income 45 (4 ) 11 62 114 Balance, March 31, 2017 $ (2,091 ) $ 17 $ (8 ) $ (2,447 ) $ (4,529 ) (Stated in millions) Unrealized Pension and Currency Gain on Other Translation Marketable Cash Flow Postretirement Adjustments Securities Hedges Benefit Plans Total Balance, January 1, 2016 $ (2,053 ) $ - $ (39 ) $ (2,466 ) $ (4,558 ) Other comprehensive gain (loss) before reclassifications 17 3 (85 ) - (65 ) Amounts reclassified from accumulated other comprehensive loss - - 94 70 164 Income taxes - - - (7 ) (7 ) Net other comprehensive income 17 3 9 63 92 Balance, March 31, 2016 $ (2,036 ) $ 3 $ (30 ) $ (2,403 ) $ (4,466 )

Basis of Presentation - Additio

Basis of Presentation - Additional Information (Detail) $ in Billions	Feb. 29, 2016USD ($)
ASU No. 2016-02
Organization And Summary Of Significant Accounting Policies [Line Items]
New accounting pronouncement or change in accounting principle effect of additional assets and liabilities	$ 1.3

Charges and Credits - Additiona

Charges and Credits - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Restructuring And Related Activities [Abstract]
Charges and credits, Pretax	$ 82,000,000	$ 0
Charges and credits, After-tax	$ 68,000,000	$ 0

Earnings Per Share - Reconcilia

Earnings Per Share - Reconciliation of Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Schlumberger Net Income
Basic	$ 279	$ 501
Diluted	$ 279	$ 501
Average Shares Outstanding
Basic	1,393	1,254
Assumed exercise of stock options	4	1
Unvested restricted stock	5	4
Diluted	1,402	1,259
Earnings per Share
Basic	$ 0.20	$ 0.40
Diluted	$ 0.20	$ 0.40

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Detail) - shares shares in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Earnings Per Share [Abstract]
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount	23	32

Acquisition of Cameron - Additi

Acquisition of Cameron - Additional Information (Detail) - Cameron - USD ($) shares in Millions, $ in Billions	Apr. 02, 2016	Mar. 31, 2016
Business Acquisition [Line Items]
Shares of common stock issued in connection with acquisition	138
Value of common stock issued in connection with acquisition	$ 9.9
Cash paid for acquisition	$ 2.8
Revenue reported by Cameron during the first quarter		$ 1.6

Inventories - Summary of Invent

Inventories - Summary of Inventory (Detail) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Inventory Disclosure [Abstract]
Raw materials & field materials	$ 1,633	$ 1,720
Work in progress	597	610
Finished goods	2,058	1,895
Inventories	$ 4,288	$ 4,225

Fixed Assets - Summary of Fixed

Fixed Assets - Summary of Fixed Assets (Detail) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Property Plant And Equipment [Abstract]
Property, plant & equipment	$ 39,857	$ 40,008
Less: Accumulated depreciation	27,350	27,187
Fixed assets less accumulated depreciation	$ 12,507	$ 12,821

Fixed Assets - Additional Infor

Fixed Assets - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Property Plant And Equipment [Abstract]
Depreciation expense relating to fixed assets	$ 613	$ 682

Multiclient Seismic Data - Chan

Multiclient Seismic Data - Change in Carrying Amount of Multiclient Seismic Data (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2017USD ($)
Multiclient Seismic Data [Abstract]
Balance at December 31, 2016	$ 1,073
Capitalized in period	116
Charged to expense	(100)
Balance at March 31, 2017	$ 1,089

Intangible Assets - Schedule of

Intangible Assets - Schedule of Intangible Assets by Major Class (Detail) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Finite Lived Intangible Assets [Line Items]
Gross Book Value	$ 12,628	$ 12,562
Accumulated Amortization	2,885	2,707
Net Book Value	9,743	9,855
Customer Relationships
Finite Lived Intangible Assets [Line Items]
Gross Book Value	4,960	4,938
Accumulated Amortization	927	865
Net Book Value	4,033	4,073
Technology/Technical Know-how
Finite Lived Intangible Assets [Line Items]
Gross Book Value	3,655	3,655
Accumulated Amortization	896	835
Net Book Value	2,759	2,820
Tradenames
Finite Lived Intangible Assets [Line Items]
Gross Book Value	2,847	2,847
Accumulated Amortization	484	458
Net Book Value	2,363	2,389
Other
Finite Lived Intangible Assets [Line Items]
Gross Book Value	1,166	1,122
Accumulated Amortization	578	549
Net Book Value	$ 588	$ 573

Intangible Assets - Additional

Intangible Assets - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Goodwill And Intangible Assets Disclosure [Abstract]
Amortization expense	$ 169	$ 89
Estimated amortization charged to income, remaining three quarters of 2017	526
Estimated amortization charged to income, 2018	668
Estimated amortization charged to income, 2019	627
Estimated amortization charged to income, 2020	599
Estimated amortization charged to income, 2021	576
Estimated amortization charged to income, 2022	$ 571

Long-term Debt - Summary of Lon

Long-term Debt - Summary of Long-term Debt (Detail) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Long-term debt, carrying amount	$ 16,538	$ 16,463
Commercial paper borrowings
Debt Instrument [Line Items]
Long-term debt, carrying amount	2,503	2,421
4.00% Senior Notes due 2025
Debt Instrument [Line Items]
Long-term debt, carrying amount	1,740	1,740
3.30% Senior Notes due 2021
Debt Instrument [Line Items]
Long-term debt, carrying amount	1,594	1,594
3.00% Senior Notes due 2020
Debt Instrument [Line Items]
Long-term debt, carrying amount	1,591	1,591
3.65% Senior Notes due 2023
Debt Instrument [Line Items]
Long-term debt, carrying amount	1,491	1,491
2.35% Senior Notes due 2018
Debt Instrument [Line Items]
Long-term debt, carrying amount	1,297	1,297
4.20% Senior Notes due 2021
Debt Instrument [Line Items]
Long-term debt, carrying amount	1,100	1,100
2.40% Senior Notes due 2022
Debt Instrument [Line Items]
Long-term debt, carrying amount	996	996
3.63% Senior Notes due 2022
Debt Instrument [Line Items]
Long-term debt, carrying amount	845	845
0.63% Guaranteed Notes due 2019
Debt Instrument [Line Items]
Long-term debt, carrying amount	645	622
1.50% Guaranteed Notes due 2019
Debt Instrument [Line Items]
Long-term debt, carrying amount	551	536
6.38% Notes due 2018
Debt Instrument [Line Items]
Long-term debt, carrying amount	294	297
7.00% Notes due 2038
Debt Instrument [Line Items]
Long-term debt, carrying amount	214	214
Other
Debt Instrument [Line Items]
Long-term debt, carrying amount	1,077	1,118
4.50% Notes due 2021
Debt Instrument [Line Items]
Long-term debt, carrying amount	137	137
5.95% Notes due 2041
Debt Instrument [Line Items]
Long-term debt, carrying amount	116	116
3.60% Notes due 2022
Debt Instrument [Line Items]
Long-term debt, carrying amount	110	110
5.13% Notes due 2043
Debt Instrument [Line Items]
Long-term debt, carrying amount	99	99
4.00% Notes due 2023
Debt Instrument [Line Items]
Long-term debt, carrying amount	82	83
3.70% Notes due 2024
Debt Instrument [Line Items]
Long-term debt, carrying amount	$ 56	$ 56

Long-term Debt - Summary of L46

Long-term Debt - Summary of Long-term Debt (Parenthetical) (Detail)	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
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
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
0.63% Guaranteed Notes due 2019
Debt Instrument [Line Items]
Debt instrument interest rate	0.63%	0.63%
Debt instrument maturity date	2,019	2,019
1.50% Guaranteed Notes due 2019
Debt Instrument [Line Items]
Debt instrument interest rate	1.50%	1.50%
Debt instrument maturity date	2,019	2,019
6.38% Notes due 2018
Debt Instrument [Line Items]
Debt instrument interest rate	6.38%	6.38%
Debt instrument maturity date	2,018	2,018
7.00% Notes due 2038
Debt Instrument [Line Items]
Debt instrument interest rate	7.00%	7.00%
Debt instrument maturity date	2,038	2,038
4.50% Notes due 2021
Debt Instrument [Line Items]
Debt instrument interest rate	4.50%	4.50%
Debt instrument maturity date	2,021	2,021
5.95% Notes due 2041
Debt Instrument [Line Items]
Debt instrument interest rate	5.95%	5.95%
Debt instrument maturity date	2,041	2,041
3.60% Notes due 2022
Debt Instrument [Line Items]
Debt instrument interest rate	3.60%	3.60%
Debt instrument maturity date	2,022	2,022
5.13% Notes due 2043
Debt Instrument [Line Items]
Debt instrument interest rate	5.13%	5.13%
Debt instrument maturity date	2,043	2,043
4.00% Notes due 2023
Debt Instrument [Line Items]
Debt instrument interest rate	4.00%	4.00%
Debt instrument maturity date	2,023	2,023
3.70% Notes due 2024
Debt Instrument [Line Items]
Debt instrument interest rate	3.70%	3.70%
Debt instrument maturity date	2,024	2,024

Long-term Debt - Additional Inf

Long-term Debt - Additional Information (Detail) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Long-term debt, fair value	$ 16,800	$ 16,800
Short-term borrowings and current portion of long-term debt	2,449	3,153
Long-term debt, carrying amount	16,538	16,463
Commercial paper borrowings
Debt Instrument [Line Items]
Short-term borrowings and current portion of long-term debt	400	200
Long-term debt, carrying amount	2,503	2,421
Long-term debt	$ 2,900	$ 2,600

Derivative Instruments and He48

Derivative Instruments and Hedging Activities - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2017USD ($)Country	Dec. 31, 2013EUR (€)
Derivative [Line Items]
Fixed rate debt, after taking into account the effects of the interest rate swaps	$ 14,200,000,000
Variable rate debt, after taking into account the effects of the interest rate swaps	4,800,000,000
Short-term investments and fixed income investments, held to maturity	5,700,000,000
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	$ (8,000,000)
Minimum
Derivative [Line Items]
Number of countries in which Schlumberger conducts business | Country	85
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	$ 700,000,000
London Interbank Offered Rate (LIBOR) | Floating Rate Debt | 1.50% Guaranteed Notes due 2019
Derivative [Line Items]
Basis point	0.64%

Derivative Instruments and He49

Derivative Instruments and Hedging Activities - Fair Values of Outstanding Derivative Instruments (Detail) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Derivative Assets
Derivative Assets	$ 37	$ 43
Derivative Liabilities
Derivative Liabilities	65	126
Derivatives designated as hedges
Derivative Liabilities
Derivative Liabilities	44	67
Foreign exchange contracts | Derivatives designated as hedges | Other current assets
Derivative Assets
Derivative Assets	2	1
Foreign exchange contracts | Derivatives designated as hedges | Accounts payable and accrued liabilities
Derivative Liabilities
Derivative Liabilities	7	18
Foreign exchange contracts | Derivatives not designated as hedges | Other current assets
Derivative Assets
Derivative Assets	35	42
Foreign exchange contracts | Derivatives not designated as hedges | Accounts payable and accrued liabilities
Derivative Liabilities
Derivative Liabilities	21	59
Cross currency swap | Derivatives designated as hedges | Other Liabilities
Derivative Liabilities
Derivative Liabilities	$ 37	$ 49

Derivative Instruments and He50

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	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Derivatives designated as hedges | Cross currency swap | Interest
Derivative Instruments Gain Loss [Line Items]
Gain (Loss) Recognized in Income	$ 18	$ 10
Derivatives not designated as hedges | Foreign exchange contracts | Cost of services/sales
Derivative Instruments Gain Loss [Line Items]
Gain (Loss) Recognized in Income	$ 6	$ (81)

Segment Information - Schedule

Segment Information - Schedule of Segment Reporting Information, by Segment (Detail) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Segment Reporting Information [Line Items]
Revenue		$ 6,894	$ 6,520
Income Before Taxes		334	622
Pretax operating income		757	901
Interest expense		139	133
Operating Segments
Segment Reporting Information [Line Items]
Interest income		5	6
Interest expense		13	13
Operating Segments | Reservoir Characterization
Segment Reporting Information [Line Items]
Revenue		1,618	1,719
Income Before Taxes		281	334
Operating Segments | Drilling
Segment Reporting Information [Line Items]
Revenue		1,985	2,493
Income Before Taxes		229	371
Operating Segments | Production
Segment Reporting Information [Line Items]
Revenue		2,187	2,376
Income Before Taxes		110	206
Operating Segments | Cameron
Segment Reporting Information [Line Items]
Revenue		1,229
Income Before Taxes		162
Eliminations & other
Segment Reporting Information [Line Items]
Revenue		(125)	(68)
Income Before Taxes		(25)	(10)
Material Reconciling Items
Segment Reporting Information [Line Items]
Corporate & other	[1]	(239)	(172)
Interest income	[2]	24	13
Interest expense	[3]	(126)	$ (120)
Charges and credits	[4]	$ (82)
[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. The first quarter of 2017 includes $63 million of intangible asset amortization expense resulting from the April 2016 acquisition of Cameron.
[2]	Interest income excludes amounts which are included in the segments’ income ($5 million in 2017; $6 million in 2016).
[3]	Interest expense excludes amounts which are included in the segments’ income ($13 million in 2017; $13 million in 2016).
[4]	See Note 2 – Charges and Credits.

Segment Information - Schedul52

Segment Information - Schedule of Segment Reporting Information, by Segment (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Segment Reporting Information [Line Items]
Intangible asset amortization expense	$ 169	$ 89
Interest expense	139	133
Operating Segments
Segment Reporting Information [Line Items]
Interest income	5	6
Interest expense	13	$ 13
Operating Segments | April 2016 Acquisition | Cameron
Segment Reporting Information [Line Items]
Intangible asset amortization expense	$ 63

Pension and Other Postretirem53

Pension and Other Postretirement Benefit Plans - Net Pension Cost for Schlumberger Pension Plans and US Postretirement Medical Plan (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
US Plan Assets
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 15	$ 18
Interest cost	44	44
Expected return on plan assets	(60)	(61)
Amortization of prior service cost	3	3
Amortization of net loss	10	23
Total pension cost	12	27
International
Defined Benefit Plan Disclosure [Line Items]
Service cost	29	37
Interest cost	78	80
Expected return on plan assets	(136)	(134)
Amortization of prior service cost	24	30
Amortization of net loss	33	22
Total pension cost	28	35
Postretirement medical plan
Defined Benefit Plan Disclosure [Line Items]
Service cost	8	8
Interest cost	11	12
Expected return on plan assets	(15)	(14)
Amortization of prior service cost	(7)	(8)
Total pension cost	$ (3)	$ (2)

Accumulated Other Comprehensi54

Accumulated Other Comprehensive Loss - Schedule of Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Accumulated Other Comprehensive Income Loss [Line Items]
Balance	$ 41,529	$ 35,905
Other comprehensive gain (loss) before reclassifications	52	(65)
Amounts reclassified from accumulated other comprehensive loss	63	164
Income taxes	(1)	(7)
Net other comprehensive (loss) income	114	92
Balance	41,054	35,662
Currency Translation Adjustments
Accumulated Other Comprehensive Income Loss [Line Items]
Balance	(2,136)	(2,053)
Other comprehensive gain (loss) before reclassifications	45	17
Net other comprehensive (loss) income	45	17
Balance	(2,091)	(2,036)
Unrealized Gain/(Loss) on Marketable Securities
Accumulated Other Comprehensive Income Loss [Line Items]
Balance	21
Other comprehensive gain (loss) before reclassifications	(4)	3
Net other comprehensive (loss) income	(4)	3
Balance	17	3
Cash Flow Hedges
Accumulated Other Comprehensive Income Loss [Line Items]
Balance	(19)	(39)
Other comprehensive gain (loss) before reclassifications	11	(85)
Amounts reclassified from accumulated other comprehensive loss		94
Net other comprehensive (loss) income	11	9
Balance	(8)	(30)
Pension and Other Postretirement Benefit Plans
Accumulated Other Comprehensive Income Loss [Line Items]
Balance	(2,509)	(2,466)
Amounts reclassified from accumulated other comprehensive loss	63	70
Income taxes	(1)	(7)
Net other comprehensive (loss) income	62	63
Balance	(2,447)	(2,403)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income Loss [Line Items]
Balance	(4,643)	(4,558)
Balance	$ (4,529)	$ (4,466)