Document and Entity Information
Document and Entity Information - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Jun. 30, 2022 | |
Cover [Abstract] | ||
Document Type | 10-K | |
Amendment Flag | false | |
Document Period End Date | Dec. 31, 2022 | |
Document Fiscal Year Focus | 2022 | |
Document Fiscal Period Focus | FY | |
Entity Registrant Name | SCHLUMBERGER LIMITED/NV | |
Entity Central Index Key | 0000087347 | |
Current Fiscal Year End Date | --12-31 | |
Entity Well-known Seasoned Issuer | Yes | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Voluntary Filers | No | |
Entity Filer Category | Large Accelerated Filer | |
Entity Small Business | false | |
Entity Emerging Growth Company | false | |
ICFR Auditor Attestation Flag | true | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 1,420,188,492 | |
Entity Public Float | $ 50,510 | |
Title of 12(b) Security | Common Stock, par value $0.01 per share | |
Trading Symbol | SLB | |
Security Exchange Name | NYSE | |
Entity File Number | 1-4601 | |
Entity Incorporation, State or Country Code | P8 | |
Entity Tax Identification Number | 52-0684746 | |
Entity Address, Address Line One | 5599 San Felipe | |
Entity Address, Address Line Two | 17th Floor | |
Entity Address, City or Town | Houston | |
Entity Address, State or Province | TX | |
Entity Address, Country | US | |
Entity Address, Postal Zip Code | 77056 | |
City Area Code | 713 | |
Local Phone Number | 513-2000 | |
Document Annual Report | true | |
Document Transition Report | false | |
Documents Incorporated by Reference | Certain information required to be furnished pursuant to Part III of this Form 10-K is set forth in, and is incorporated by reference from, the registrant’s definitive proxy statement for its 2023 Annual General Meeting of Stockholders, to be filed by the registrant with the Securities and Exchange Commission (“SEC”) pursuant to Regulation 14A within 120 days after December 31, 2022 (the “2023 Proxy Statement”). | |
Auditor Name | PricewaterhouseCoopers LLP | |
Auditor Location | Houston, Texas | |
Auditor Firm ID | 238 |
CONSOLIDATED STATEMENT OF INCOM
CONSOLIDATED STATEMENT OF INCOME (LOSS) - USD ($) shares in Millions, $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Revenue | |||
Total Revenue | $ 28,091 | $ 22,929 | $ 23,601 |
Interest & other income, net | 610 | 148 | 267 |
Expenses | |||
Research & engineering | 634 | 554 | 580 |
General & administrative | 376 | 339 | 365 |
Impairments & other | 12,658 | ||
Interest | 490 | 539 | 563 |
Income (loss) before taxes | 4,271 | 2,374 | (11,298) |
Tax expense (benefit) | 779 | 446 | (812) |
Net income (loss) | 3,492 | 1,928 | (10,486) |
Net income attributable to noncontrolling interests | 51 | 47 | 32 |
Net income (loss) attributable to SLB | $ 3,441 | $ 1,881 | $ (10,518) |
Basic earnings (loss) per share of SLB | $ 2.43 | $ 1.34 | $ (7.57) |
Diluted earnings (loss) per share of SLB | $ 2.39 | $ 1.32 | $ (7.57) |
Average shares outstanding: | |||
Basic | 1,416 | 1,400 | 1,390 |
Assuming dilution | 1,437 | 1,427 | 1,390 |
Services | |||
Revenue | |||
Total Revenue | $ 19,552 | $ 15,602 | $ 16,533 |
Expenses | |||
Cost of services and sales | 15,233 | 13,129 | 14,675 |
Product | |||
Revenue | |||
Total Revenue | 8,539 | 7,327 | 7,068 |
Expenses | |||
Cost of services and sales | $ 7,697 | $ 6,142 | $ 6,325 |
CONSOLIDATED STATEMENT OF COMPR
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Statement Of Income And Comprehensive Income [Abstract] | |||
Net income (loss) | $ 3,492 | $ 1,928 | $ (10,486) |
Currency translation adjustments | |||
Net change arising during the period | (26) | 83 | (239) |
Cash flow hedges | |||
Net loss on cash flow hedges | (148) | (12) | (90) |
Reclassification to net income (loss) of net realized (income) loss | 117 | (3) | 54 |
Pension and other postretirement benefit plans | |||
Actuarial gain (loss) arising during the period | (305) | 1,075 | (247) |
Amortization to net income (loss) of net actuarial loss | 75 | 271 | 200 |
Amortization to net income (loss) of net prior service credit | (23) | (23) | (17) |
Impact of curtailment | (69) | ||
Income taxes on pension and other postretirement benefit plans | 24 | (74) | (38) |
Other | 1 | (3) | |
Comprehensive income (loss) | 3,207 | 3,242 | (10,932) |
Comprehensive income attributable to noncontrolling interests | 51 | 47 | 32 |
Comprehensive income (loss) attributable to SLB | $ 3,156 | $ 3,195 | $ (10,964) |
CONSOLIDATED BALANCE SHEET
CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Current Assets | ||
Cash | $ 1,655 | $ 1,757 |
Short-term investments | 1,239 | 1,382 |
Receivables less allowance for doubtful accounts (2022 - $340; 2021 - $319) | 7,032 | 5,315 |
Inventories | 3,999 | 3,272 |
Other current assets | 1,078 | 928 |
Current assets total | 15,003 | 12,654 |
Investments in Affiliated Companies | 1,581 | 2,044 |
Fixed Assets less accumulated depreciation | 6,607 | 6,429 |
Goodwill | 12,982 | 12,990 |
Intangible Assets | 2,992 | 3,211 |
Other Assets | 3,970 | 4,183 |
Total Assets | 43,135 | 41,511 |
Current Liabilities | ||
Accounts payable and accrued liabilities | 9,121 | 8,382 |
Estimated liability for taxes on income | 1,002 | 879 |
Short-term borrowings and current portion of long-term debt | 1,632 | 909 |
Dividends payable | 263 | 189 |
Current Liabilities Total | 12,018 | 10,359 |
Long-term Debt | 10,594 | 13,286 |
Postretirement Benefits | 165 | 231 |
Deferred Taxes | 61 | 94 |
Other Liabilities | 2,308 | 2,255 |
Total Liabilities | 25,146 | 26,225 |
Equity | ||
Common stock | 11,837 | 12,608 |
Treasury stock | (1,016) | (2,233) |
Retained earnings | 10,719 | 8,199 |
Accumulated other comprehensive loss | (3,855) | (3,570) |
SLB stockholders' equity | 17,685 | 15,004 |
Noncontrolling interests | 304 | 282 |
Total equity | 17,989 | 15,286 |
Liabilities and stockholders equity | $ 43,135 | $ 41,511 |
CONSOLIDATED BALANCE SHEET (Par
CONSOLIDATED BALANCE SHEET (Parenthetical) - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Statement Of Financial Position [Abstract] | ||||
Allowance for doubtful accounts on receivable | $ 340 | $ 319 | $ 301 | $ 255 |
CONSOLIDATED STATEMENT OF CASH
CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Millions | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | ||
Cash flows from operating activities: | ||||
Net income (loss) | $ 3,492 | $ 1,928 | $ (10,486) | |
Adjustments to reconcile net income (loss) to cash provided by operating activities: | ||||
Impairments and other charges and credits | (347) | (65) | 12,515 | |
Depreciation and amortization | [1] | 2,147 | 2,120 | 2,566 |
Deferred taxes | (39) | (31) | (1,248) | |
Stock-based compensation expense | 313 | 324 | 397 | |
Earnings of equity method investments, less dividends received | (96) | 10 | (28) | |
Change in assets and liabilities: | ||||
(Increase) decrease in receivables | [2] | (1,728) | (36) | 2,345 |
(Increase) decrease in inventories | [2] | (737) | 75 | 86 |
(Increase) decrease in other current assets | [2] | (44) | 387 | 267 |
Increase in other assets | [2] | (45) | (2) | (25) |
Increase (decrease) in accounts payable and accrued liabilities | [2] | 704 | 160 | (3,330) |
Increase (decrease) in estimated liability for taxes on income | [2] | 96 | (154) | (201) |
Increase (decrease) in other liabilities | [2] | 23 | (26) | 19 |
Other | [2] | (19) | (39) | 67 |
NET CASH PROVIDED BY OPERATING ACTIVITIES | 3,720 | 4,651 | 2,944 | |
Cash flows from investing activities: | ||||
Capital expenditures | (1,618) | (1,141) | (1,116) | |
APS investments | (587) | (474) | (303) | |
Exploration data capitalized | (97) | (39) | (101) | |
Net proceeds from divestitures | 434 | |||
Proceeds from sale of Liberty shares | 732 | 109 | ||
Proceeds from sale of ADC shares | 223 | |||
Proceeds from sale of real estate | 120 | |||
Business acquisitions and investments, net of cash acquired | (58) | (103) | (33) | |
Sale (purchase) of short-term investments, net | 138 | 787 | (1,141) | |
Purchases of Blue Chip Swap securities | (259) | |||
Proceeds from sales of Blue Chip Swap securities | 111 | |||
Other | (93) | (58) | (93) | |
NET CASH USED IN INVESTING ACTIVITIES | (1,388) | (919) | (2,353) | |
Cash flows from financing activities: | ||||
Dividends paid | (848) | (699) | (1,734) | |
Proceeds from employee stock purchase plan | 142 | 137 | 146 | |
Proceeds from exercise of stock options | 81 | |||
Taxes paid on net-settled stock-based compensation awards | (93) | (24) | (28) | |
Stock repurchase program | (26) | |||
Proceeds from issuance of long-term debt | 34 | 5,837 | ||
Repayment of long-term debt | (1,650) | (2,076) | (4,975) | |
Net increase (decrease) in short-term borrowings | 37 | (105) | 156 | |
Repayment of finance lease-related obligations | (188) | |||
Other | (51) | (91) | (61) | |
NET CASH USED IN FINANCING ACTIVITIES | (2,382) | (2,824) | (873) | |
Net increase (decrease) in cash before translation effect | (50) | 908 | (282) | |
Translation effect on cash | (52) | 5 | (11) | |
Cash, beginning of period | 1,757 | 844 | 1,137 | |
Cash, end of period | $ 1,655 | $ 1,757 | $ 844 | |
[1]Includes depreciation of property, plant and equipment and amortization of intangible assets, exploration data costs and APS 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, 2019 | $ 24,176 | $ 13,078 | $ (3,631) | $ 18,751 | $ (4,438) | $ 416 |
Balance, shares at Dec. 31, 2019 | 1,385 | 1,434 | ||||
Treasury shares, Balance at Dec. 31, 2019 | (49) | |||||
Net income (loss) | $ (10,486) | (10,518) | 32 | |||
Currency translation adjustments | (232) | (239) | 7 | |||
Changes in fair value of cash flow hedges | (36) | (36) | ||||
Pension and other postretirement benefit plans | (171) | (171) | ||||
Vesting of restricted stock, net of taxes withheld | $ (28) | $ (201) | $ 173 | |||
Vesting of restricted stock, shares | 2 | 2 | ||||
Employee stock purchase plan | $ 146 | (298) | $ 444 | |||
Shares issued under employee stock purchase plan, shares | 6 | 6 | ||||
Stock repurchase program | $ (26) | $ (26) | ||||
Stock repurchase program, shares | (1) | (1) | ||||
Stock-based compensation expense | $ 397 | 397 | ||||
Dividends declared | (1,215) | (1,215) | ||||
Other | (36) | (6) | $ 7 | (37) | ||
Balance at Dec. 31, 2020 | $ 12,489 | $ 12,970 | $ (3,033) | 7,018 | (4,884) | 418 |
Balance, shares at Dec. 31, 2020 | 1,392 | 1,434 | ||||
Treasury shares, Balance at Dec. 31, 2020 | (42) | |||||
Net income (loss) | $ 1,928 | 1,881 | 47 | |||
Currency translation adjustments | 81 | 83 | (2) | |||
Changes in fair value of cash flow hedges | (15) | (15) | ||||
Pension and other postretirement benefit plans | 1,249 | 1,249 | ||||
Vesting of restricted stock, net of taxes withheld | $ (24) | $ (305) | $ 281 | |||
Vesting of restricted stock, shares | 4 | 4 | ||||
Employee stock purchase plan | $ 137 | (377) | $ 514 | |||
Shares issued under employee stock purchase plan, shares | 7 | 7 | ||||
Stock-based compensation expense | $ 324 | 324 | ||||
Dividends declared | (700) | (700) | ||||
Deconsolidation of subsidiary | (123) | (123) | ||||
Other | (60) | (4) | $ 5 | (3) | (58) | |
Balance at Dec. 31, 2021 | $ 15,286 | $ 12,608 | $ (2,233) | 8,199 | (3,570) | 282 |
Balance, shares at Dec. 31, 2021 | 1,403 | 1,434 | ||||
Treasury shares, Balance at Dec. 31, 2021 | (31) | |||||
Net income (loss) | $ 3,492 | 3,441 | 51 | |||
Currency translation adjustments | (26) | (26) | ||||
Changes in fair value of cash flow hedges | (31) | (31) | ||||
Pension and other postretirement benefit plans | (229) | (229) | ||||
Vesting of restricted stock, net of taxes withheld | $ (93) | $ (795) | $ 702 | |||
Vesting of restricted stock, shares | 10 | 10 | ||||
Employee stock purchase plan | $ 142 | (222) | $ 364 | |||
Shares issued under employee stock purchase plan, shares | 5 | 5 | ||||
Stock-based compensation expense | $ 313 | 313 | ||||
Shares sold to optionees, less shares exchanged | $ 81 | (67) | $ 148 | |||
Shares sold to optionees, less shares exchanged, shares | 2 | 2 | ||||
Dividends declared | $ (921) | (921) | ||||
Other | (25) | $ 3 | 1 | (29) | ||
Balance at Dec. 31, 2022 | $ 17,989 | $ 11,837 | $ (1,016) | $ 10,719 | $ (3,855) | $ 304 |
Balance, shares at Dec. 31, 2022 | 1,420 | 1,434 | ||||
Treasury shares, Balance at Dec. 31, 2022 | (14) |
CONSOLIDATED STATEMENT OF STO_2
CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Retained Earnings | |||
Dividends declared, per share | $ 0.65 | $ 0.50 | $ 0.875 |
Business Description
Business Description | 12 Months Ended |
Dec. 31, 2022 | |
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, “SLB”) form a global technology company that drives energy innovation for a balanced planet. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, SLB works each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition. |
Summary of Accounting Policies
Summary of Accounting Policies | 12 Months Ended |
Dec. 31, 2022 | |
Accounting Policies [Abstract] | |
Summary of Accounting Policies | 2. Summary of Accounting Policies The Consolidated Financial Statements Use of Estimates The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the 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, SLB evaluates its estimates, including those related to collectibility of accounts receivable; revenue recognized for certain long-term construction-type contracts over time; recoverability of fixed assets, goodwill, intangible assets, Asset Performance Solutions investments, and investments in affiliates; income taxes; exploration data; contingencies and actuarial assumptions for employee benefit plans. SLB 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 SLB recognizes revenue upon the transfer of control of promised products or services to customers at an amount that reflects the consideration it expects to receive in exchange for these products or services. The vast majority of SLB’s services and product offerings are short-term in nature. The time between invoicing and when payment is due under these arrangements is generally between 30 to 60 days. Revenue is recognized for certain long-term construction-type contracts over time. These contracts involve significant design and engineering efforts in order to satisfy custom designs for customer-specific applications. Revenue is recognized as work progresses on each contract. Progress is measured by the ratio of actual costs incurred to date on the project in relation to total estimated project costs. The estimate of total project costs has a significant impact on both the amount of revenue recognized as well as the related profit on a project. Revenue and profits on contracts can also be significantly affected by change orders and claims. Due to the nature of these projects, adjustments to estimates of contract revenue and total contract costs may be required as work progresses. Progress billings are generally issued upon completion of certain phases of work as stipulated in the contract. Any expected losses on a project are recorded in full in the period in which they become probable. Due to the nature of its businesses, SLB does not have significant backlog. Total backlog was $3.0 billion at December 31, 2022, of which approximately 60% is expected to be recognized as revenue during 2023. Short-term Investments Short-term investments 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 and are stated at cost plus accrued interest, which approximates fair value. For purposes of the Consolidated Statement of Cash Flows Short-term investments Investments in Affiliated Companies Investments in companies in which SLB does not have a controlling financial interest, but over which it has significant influence, are accounted for using the equity method. SLB’s share of the after-tax earnings of equity method investees is included in Interest & other income Interest & other income Exploration Data SLB’s exploration data library consists of completed and in-process seismic surveys that are licensed on a nonexclusive basis. SLB capitalizes costs directly incurred in acquiring and processing the exploration data. Such costs are charged to Cost of services The carrying value of the exploration data 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 involve significant judgment on the part of SLB, would not be sufficient to recover the carrying value of the surveys. Significant adverse changes in SLB’s estimated future cash flows could result in impairment charges in a future period. Asset Performance Solutions Asset Performance Solutions (“APS”) projects are generally focused on developing and co-managing production of customers’ assets under long-term agreements. SLB invests its own services and products into the field development activities and operations and is compensated on a fee-per-barrel basis or based on cash flow generated. This includes certain arrangements whereby SLB is only compensated based on incremental production that it helps deliver above a mutually agreed baseline. SLB capitalizes its investments in a project including the direct costs associated with providing its services or products. These capitalized investments are amortized to the Consolidated Statement of Income (Loss) Concentration of Credit Risk SLB’s assets that are exposed to concentrations of credit risk consist primarily of cash, short-term investments, receivables from clients and derivative financial instruments. SLB places its cash and short-term investments with financial institutions and corporations and limits the amount of credit exposure with any one of them. SLB regularly evaluates the creditworthiness of the issuers in which it invests. By using derivative financial instruments to hedge certain exposures, SLB exposes itself to some credit risk. SLB 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. As a large multinational company, SLB’s accounts receivable are spread over many countries and customers. The United States and Mexico represented 13% and 14%, respectively, of SLB’s net accounts receivable balance at December 31, 2022. No other countries accounted for greater than 10% of SLB’s accounts receivable balance. SLB maintains an allowance for uncollectible accounts receivable based on expected collectability and performs ongoing credit evaluations of its customers’ financial condition. If the financial condition of SLB’s 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 (loss) per share of SLB: (Stated in millions, except per share amounts) Net Income (Loss) Attributable to SLB Average Shares Outstanding Earnings (Loss) per Share 2022: Basic $ 3,441 1,416 $ 2.43 Dilutive impact of stock options and restricted stock - 21 Diluted $ 3,441 1,437 $ 2.39 2021: Basic $ 1,881 1,400 $ 1.34 Dilutive impact of stock options and restricted stock - 27 Diluted $ 1,881 1,427 $ 1.32 2020: Basic $ (10,518 ) 1,390 $ (7.57 ) Dilutive impact of stock options and restricted stock - - Diluted $ (10,518 ) 1,390 $ (7.57 ) The number of outstanding employee stock options to purchase shares of SLB common stock and unvested restricted stock units that were not included in the computation of diluted earnings/loss per share, because to do so would have had an anti-dilutive effect, were as follows: (Stated in millions) 2022 2021 2020 Employee stock options 25 42 48 Unvested restricted stock - - 19 |
Charges and Credits
Charges and Credits | 12 Months Ended |
Dec. 31, 2022 | |
Restructuring And Related Activities [Abstract] | |
Charges and Credits | 3. Charges and Credits 2022 SLB recorded the following charges and credits during 2022, all of which are classified in Interest & other income, net Consolidated Statement of Income (Loss) (Stated in millions) Pretax Tax Benefit Charge (Credit) (Expense) Net First quarter: Gain on sale of Liberty shares $ (26 ) $ (4 ) $ (22 ) Second quarter: Gain on sale of Liberty shares (215 ) (14 ) (201 ) Gain on sale of real estate (43 ) (2 ) (41 ) Fourth quarter: Gain on sale of Liberty shares (84 ) (19 ) (65 ) Loss on Blue Chip Swap transactions 139 - 139 Gain on ADC equity investment (107 ) (3 ) (104 ) Gain on repurchase of bonds (11 ) (2 ) (9 ) $ (347 ) $ (44 ) $ (303 ) • On December 31, 2020, SLB contributed its onshore hydraulic fracturing business in the United States and Canada, including its pressure pumping, pumpdown perforating and Permian frac sand business to Liberty Energy Inc. (“Liberty”) in exchange for an equity interest in Liberty. During 2022, SLB sold 47.8 million of its shares of Liberty and received proceeds of $730 million. These transactions resulted in gains of $325 million. As of December 31, 2022, SLB had a 5% equity interest in Liberty. Based on the quoted market prices of Liberty’s shares, the fair value of SLB’s investment in Liberty was approximately $144 million as of December 31, 2022. SLB accounts for its investment in Liberty under the equity method of accounting and records its share of Liberty’s net income or loss on a one-quarter lag. • The Central Bank of Argentina maintains certain currency controls that limit SLB’s ability to access US dollars in Argentina and remit cash from its Argentine operations. A legal indirect foreign exchange mechanism exists, in the form of capital market transactions known as Blue Chip Swaps, which effectively results in a parallel US dollar exchange rate. This parallel rate, which cannot be used as the basis to remeasure SLB’s Argentine peso-denominated net monetary assets in US dollars under US GAAP, was approximately 93% higher than Argentina’s official exchange rate at December 31, 2022. During the fourth quarter of 2022, SLB entered into Blue Chip Swap transactions that resulted in a loss of $139 million. • During the fourth quarter of 2022, SLB repurchased $395 million of its 3.75% Senior Notes due 2024 and $409 million of its 4.00% Senior Notes due 2025 for $790 million, resulting in a gain of $11 million after considering the write-off of the related deferred financing fees and other costs. • SLB has an investment in the Arabian Drilling Company (“ADC”), an onshore and offshore gas and oil rig drilling company in Saudi Arabia, that it accounts for under the equity method. During the fourth quarter of 2022, ADC completed an initial public offering (“IPO”). In connection with the IPO, SLB sold a portion of its interest in a secondary offering that resulted in SLB receiving net proceeds of $223 million. As a result of these transactions, SLB’s ownership interest in ADC decreased from 49% to approximately 34%. SLB recognized a gain of $107 million, representing the gain on the sale of a portion of its interest as well as the effect of the ownership dilution of its equity investment due to the IPO. As of December 31, 2022, the fair value of SLB’s investment in ADC, based on the quoted market price of ADC’s shares, was approximately $930 million and the carrying value of its investment was $556 million. SLB accounts for its share of ADC’s net income on a one-quarter lag. • During the second quarter of 2022, SLB sold certain real estate and received proceeds of $120 million. As a result of this transaction, SLB recognized a gain of $43 million. 2021 SLB recorded the following charges and credits during 2021: (Stated in millions) Pretax Tax Benefit Charge (Credit) (Expense) Net Third quarter: Unrealized gain on marketable securities $ (47 ) $ (11 ) $ (36 ) Fourth quarter: Gain on sale of Liberty shares (28 ) (4 ) (24 ) Early repayment of bonds 10 - 10 $ (65 ) $ (15 ) $ (50 ) Third quarter 2021: • During the third quarter of 2021, a start-up company that SLB previously invested in was acquired. As a result of this transaction, SLB’s ownership interest was converted into shares of a publicly traded company. SLB recognized an unrealized pretax gain of $47 million to increase the carrying value of this investment to its estimated fair value of approximately $55 million. This unrealized gain is reflected in Interest & other income, net in the Consolidated Statement of Income (Loss) . Fourth quarter 2021: • SLB sold 9.5 million of its shares of Liberty and received proceeds of $109 million. As a result of this transaction SLB recognized a gain of $28 million, which is classified in Interest & other income, net in the Consolidated Statement of Income (Loss) . • On November 30, 2021, SLB deposited sufficient funds with the trustee for its $1.0 billion of 2.40% Senior Notes due 2022 (including payment of the February 1, 2022 interest payment) to satisfy and discharge all of its obligations relating to such notes. As a result of this transaction, SLB recorded a charge of $10 million. This charge is reflected in Interest in the Consolidated Statement of Income (Loss) . 2020 SLB recorded the following charges and credits during 2020, all of which, unless otherwise noted, are classified in Impairments & other Consolidated Statement of Income (Loss) (Stated in millions) Pretax Tax Benefit Charge (Credit) (Expense) Net First quarter: Goodwill $ 3,070 $ - $ 3,070 Intangible assets impairments 3,321 815 2,506 Asset Performance Solutions investments 1,264 (4 ) 1,268 North America pressure pumping impairment 587 133 454 Workforce reductions 202 7 195 Other 79 9 70 Valuation allowance - (164 ) 164 Second quarter: Workforce reductions 1,021 71 950 Asset Performance Solutions investments 730 15 715 Fixed asset impairments 666 52 614 Inventory write-downs 603 49 554 Right-of-use asset impairments 311 67 244 Costs associated with exiting certain activities 205 (25 ) 230 Exploration data impairment 156 2 154 Repurchase of bonds 40 2 38 Postretirement benefits curtailment gain (69 ) (16 ) (53 ) Other 60 4 56 Third quarter: Facility exit charges 254 39 215 Workforce reductions 63 - 63 Other 33 1 32 Fourth quarter: Gain on sale of OneStim (104 ) (11 ) (93 ) Unrealized gain on marketable securities (39 ) (9 ) (30 ) Other 62 4 58 $ 12,515 $ 1,041 $ 11,474 First quarter 2020: • Geopolitical events that increased the supply of low-priced oil to the global market occurred at the same time that demand weakened due to the worldwide effects of the COVID-19 pandemic, leading to a collapse in oil prices during March 2020. As a result, SLB’s market capitalization deteriorated significantly compared to the end of 2019. SLB’s stock price reached a low during the first quarter of 2020 not seen since 1995. Additionally, the Philadelphia Oil Services Sector index, which is comprised of companies involved in the oil services sector, reached an all-time low. As a result of these facts, SLB determined that it was more likely than not that the fair value of certain of its reporting units was less than their carrying value. Therefore, SLB performed an interim goodwill impairment test, which resulted in a $3.1 billion goodwill impairment charge. SLB used the income approach to estimate the fair value of its reporting units, but also considered the market approach to validate the results. The income approach estimates the fair value by discounting each reporting unit’s estimated future cash flows using SLB’s estimate of the discount rate, or expected return, that a marketplace participant would have required as of the valuation date. The market approach includes the use of comparative multiples to corroborate the discounted cash flow results. The market approach involves significant judgement involved in the selection of the appropriate peer group companies and valuation multiples. Some of the more significant assumptions inherent in the income approach include the estimated future net annual cash flows for each reporting unit and the discount rate. SLB selected the assumptions used in the discounted cash flow projections using historical data supplemented by current and anticipated market conditions and estimated growth rates. SLB’s estimates were based upon assumptions believed to be reasonable. The discount rates utilized to value SLB’s reporting units were between 12.0% and 13.5%, depending on the risks and uncertainty inherent in the respective reporting unit as well as the size of the reporting unit. Assuming all other assumptions and inputs used in each of the respective discounted cash flow analysis were held constant, a 50-basis point increase or decrease in the discount rate assumptions would have changed the fair value of the seven reporting units, on average, by less than 5 %. • The negative market indicators described above were triggering events that indicated that certain of SLB’s long-lived intangible and tangible assets may have been impaired. Recoverability testing indicated that certain long-lived assets were impaired. The estimated fair value of these assets was determined to be below their carrying value. As a result, SLB recorded the following impairment charges: - $3.3 billion relating to intangible assets, of which $2.2 billion relates to SLB’s 2016 acquisition of Cameron International Corporation and $1.1 billion relates to SLB’s 2010 acquisition of Smith International, Inc. Following this impairment charge, the carrying value of the impaired intangible assets was approximately $0.9 billion. - $1.3 billion relating to the carrying value of certain APS projects in North America. - $0.6 billion of fixed assets associated with the pressure pumping business in North America. • $202 million of severance. • $79 million of other restructuring charges, primarily consisting of the impairment of an equity method investment that was determined to be other-than-temporarily impaired. • $164 million relating to a valuation allowance against certain deferred tax assets. Second quarter 2020: • As previously noted, late in the first quarter of 2020 geopolitical events that increased the supply of low-priced oil to the global market occurred at the same time as demand weakened due to the worldwide effects of the COVID-19 pandemic, which led to a collapse in oil prices. As a result, the second quarter of 2020 was the most challenging quarter in decades. SLB responded to these market conditions by taking actions to restructure its business and rationalize its asset base during the second quarter of 2020. These actions included reducing headcount, closing facilities, and exiting business lines in certain countries. Additionally, due to the resulting activity decline, SLB had assets that would no longer be utilized. As a consequence of these circumstances and decisions, SLB recorded the following restructuring and asset impairment charges: - $1.021 billion of severance associated with reducing its workforce by more than 21,000 employees. - $730 million relating to the carrying value of certain APS projects in Latin America. - $666 million of fixed asset impairments primarily relating to equipment that would no longer be utilized and facilities it exited. - $603 million write-down of the carrying value of inventory to its net realizable value. - $311 million write-down of right-of-use assets under operating leases associated with leased facilities SLB exited and excess equipment. - $205 million of costs associated with exiting certain activities. - $156 million impairment of certain exploration data. - $60 million of other costs, including a $42 million increase in the allowance for the doubtful accounts. • SLB repurchased all $600 million of its 4.20% Senior Notes due 2021 and $935 million of its 3.30% Senior Notes due 2021. SLB paid a premium of $40 million in connection with these repurchases. • As a consequence of the workforce reductions described above, SLB recorded a curtailment gain of $69 million relating to its US postretirement medical plan. See Note 16 – Pension and Other Postretirement Benefit Plans for further details. Third quarter 2020: • SLB recorded the following restructuring charges: - $254 million of facility exit charges as SLB continued to rationalize its real estate footprint relating to both leased and owned facilities. - $63 million of severance. - $33 million of other charges. Fourth quarter 2020: • On December 31, 2020, SLB contributed its OneStim business to Liberty in exchange for a 37% equity interest in Liberty. As a result of this transaction, SLB recognized a gain of $104 million. This gain is classified in Interest & other income, net in the Consolidated Statement of Income (Loss) . • During the fourth quarter of 2020, a start-up company that SLB previously invested in completed an initial public offering. As a result, SLB recognized an unrealized gain of $39 million to increase the carrying value of this investment to its fair value of approximately $43 million. This unrealized gain is reflected in Interest & other income, net in the Consolidated Statement of Income (Loss) . SLB sold its interest in this company during 2021. • During the fourth quarter of 2020, SLB entered into an agreement to purchase new software licenses. This transaction rendered certain previously purchased licenses obsolete. As a result, SLB wrote off the remaining $62 million of net book value associated with the obsolete software licenses. The fair value of certain of the assets impaired during 2020 was estimated based on the present value of projected future cash flows that the underlying assets are expected to generate. Such estimates included unobservable inputs that required significant judgment. |
Inventories
Inventories | 12 Months Ended |
Dec. 31, 2022 | |
Inventory Disclosure [Abstract] | |
Inventories | 4. Inventories Inventories, which are stated at the lower of average cost or net realizable value, consist of the following: (Stated in millions) 2022 2021 Raw materials & field materials $ 2,085 $ 1,594 Work in progress 547 425 Finished goods 1,367 1,253 $ 3,999 $ 3,272 |
Fixed Assets
Fixed Assets | 12 Months Ended |
Dec. 31, 2022 | |
Property Plant And Equipment [Abstract] | |
Fixed Assets | 5. Fixed Assets Fixed assets consist of the following: (Stated in millions) 2022 2021 Land $ 326 $ 372 Buildings & improvements 4,328 4,371 Machinery & equipment 23,732 24,334 28,386 29,077 Less: Accumulated depreciation 21,779 22,648 $ 6,607 $ 6,429 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. Depreciation expense, which is recorded on a straight-line basis, was $1.4 billion in each of 2022 and 2021, and $1.6 billion in 2020. |
Goodwill
Goodwill | 12 Months Ended |
Dec. 31, 2022 | |
Goodwill And Intangible Assets Disclosure [Abstract] | |
Goodwill | 6. Goodwill The changes in the carrying amount of goodwill by segment were as follows: (Stated in millions) Digital & Reservoir Well Production Integration Performance Construction Systems Total Balance, December 31, 2020 $ 2,047 $ 3,802 $ 6,278 $ 853 $ 12,980 Acquisitions 18 - - - 18 Translation and other (13 ) 2 3 - (8 ) Balance, December 31, 2021 2,052 3,804 6,281 853 12,990 Translation and other (8 ) - - - (8 ) Balance, December 31, 2022 $ 2,044 $ 3,804 $ 6,281 $ 853 $ 12,982 |
Intangible Assets
Intangible Assets | 12 Months Ended |
Dec. 31, 2022 | |
Goodwill And Intangible Assets Disclosure [Abstract] | |
Intangible Assets | 7. Intangible Assets Intangible assets consist of the following: (Stated in millions) 2022 2021 Gross Accumulated Net Book Gross Accumulated Net Book Book Value Amortization Value Book Value Amortization Value Customer Relationships $ 1,680 $ 631 $ 1,049 $ 1,681 $ 551 $ 1,130 Technology/Technical Know-How 1,280 676 604 1,264 562 702 Tradenames 767 222 545 766 191 575 Other 1,657 863 794 1,578 774 804 $ 5,384 $ 2,392 $ 2,992 $ 5,289 $ 2,078 $ 3,211 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 $301 million in 2022, $302 million in 2021, and $371 million in 2020. Based on the carrying value of intangible assets at December 31, 2022, amortization expense for the subsequent five years is estimated to be as follows: 2023: $289 million, 2024: $281 million, 2025: $265 million, 2026: $260 million and 2027: $253 million. |
Long-term Debt and Debt Facilit
Long-term Debt and Debt Facility Agreements | 12 Months Ended |
Dec. 31, 2022 | |
Debt Disclosure [Abstract] | |
Long-term Debt and Debt Facility Agreements | 8. Long-term Debt and Debt Facility Agreements Long-term Debt consists of the following: (Stated in millions) 2022 2021 3.90% Senior Notes due 2028 $ 1,464 $ 1,457 2.65% Senior Notes due 2030 1,250 1,250 1.375% Guaranteed Notes due 2026 1,061 1,125 2.00% Guaranteed Notes due 2032 1,055 1,118 0.25% Notes due 2027 955 1,013 0.50% Notes due 2031 954 1,012 4.30% Senior Notes due 2029 847 846 1.00% Guaranteed Notes due 2026 635 679 0.00% Notes due 2024 531 563 4.00% Senior Notes due 2025 522 930 1.40% Senior Notes due 2025 499 498 3.75% Senior Notes due 2024 355 748 7.00% Notes due 2038 202 204 5.95% Notes due 2041 112 113 5.13% Notes due 2043 98 98 3.70% Notes due 2024 54 55 3.65% Senior Notes due 2023 - 1,497 4.00% Notes due 2023 - 80 $ 10,594 $ 13,286 At December 31, 2022, SLB had committed credit facility agreements with commercial banks aggregating $5.75 billion, all of which matures three-year June 2024 Commercial paper borrowings are classified as long-term debt to the extent they are backed up by available and unused committed credit facilities maturing in more than one year and to the extent it is SLB’s intent to maintain these obligations for longer than one year. There were no borrowings under the commercial paper programs at December 31, 2022 and December 31, 2021, respectively. Long-term Debt as of December 31, 2022 is due as follows: $0.9 billion in 2024, $1.0 billion in 2025, $1.7 billion in 2026, $1.0 billion in 2027, $1.5 billion in 2028, $0.8 billion in 2029 and $3.7 billion thereafter. The fair value of SLB’s Long-term Debt Schlumberger Limited fully and unconditionally guarantees the securities issued by certain of its subsidiaries, including securities issued by Schlumberger Investment SA and Schlumberger Finance Canada Ltd., both indirect wholly-owned subsidiaries of Schlumberger Limited. |
Derivative Instruments and Hedg
Derivative Instruments and Hedging Activities | 12 Months Ended |
Dec. 31, 2022 | |
Derivative Instruments And Hedging Activities Disclosure [Abstract] | |
Derivative Instruments and Hedging Activities | 9. Derivative Instruments and Hedging Activities SLB’s functional currency is primarily the US dollar. Approximately 72% of SLB’s revenues in 2022 were denominated in US dollars. However, outside the United States, a significant portion of SLB’s expenses is incurred in foreign currencies. Therefore, when the US dollar weakens (strengthens) in relation to the foreign currencies of the countries in which SLB conducts business, the US dollar-reported expenses will increase (decrease). SLB is exposed to risks on future cash flows relating to its fixed rate debt denominated in currencies other than the functional currency. SLB uses cross-currency interest rate swaps to provide a hedge against these cash flow risks. These contracts are accounted for as cash flow hedges, with the fair value of the derivative recorded on the Consolidated Balance Sheet Accumulated other comprehensive loss. Accumulated other comprehensive loss Details regarding SLB’s outstanding cross-currency interest rate swaps as of December 31, 2022, were as follows: • During 2019, a US-dollar functional currency subsidiary of SLB issued €1.5 billion of Euro-denominated debt. SLB entered into cross-currency interest rate swaps in order to hedge changes in the fair value of its €0.5 billion 0.00% Notes due 2024, €0.5 billion 0.25% Notes due 2027 and €0.5 billion 0.50% Notes due 2031. These cross-currency interest rate swaps effectively convert the Euro-denominated notes to US-dollar denominated debt with fixed annual interest rates of 2.29%, 2.51% and 2.76%, respectively • During 2020, a US-dollar functional currency subsidiary of SLB issued €0.8 billion of Euro-denominated debt. SLB entered into cross-currency interest rate swaps to hedge changes in the fair value of its €0.4 billion of 0.25% Notes due 2027 and €0.4 billion of 0.50% Notes due 2031. These cross-currency interest rate swaps effectively convert the Euro-denominated notes to US-dollar denominated debt with fixed annual interest rates of 1.87% and 2.20%, respectively • During 2020, a US-dollar functional currency subsidiary of SLB issued €2.0 billion of Euro-denominated debt. SLB entered into cross-currency interest rate swaps to hedge changes in the fair value of its €1.0 billion of 1.375% Guaranteed Notes due 2026 and €1.0 billion of 2.00% Guaranteed Notes due 2032. These cross-currency interest rate swaps effectively convert the Euro-denominated notes to US-dollar denominated debt with fixed annual interest rates of 2.77% and 3.49%, respectively • During 2020, a Canadian dollar functional currency subsidiary of SLB issued $0.5 billion of US dollar denominated debt. SLB entered into cross-currency interest rate swaps to hedge changes in the fair value of its $0.5 billion 1.40% Senior Notes due 2025. These cross-currency interest rate swaps effectively convert the US dollar notes to Canadian dollar denominated debt with a fixed annual interest rate of 1.73% A summary of the amounts included in the Consolidated Balance Sheet (Stated in millions) Dec. 31, 2022 Dec. 31, 2021 Other Assets $ 1 $ 66 Other Liabilities $ 326 $ 78 The fair values were determined using a model with inputs that are observable in the market or can be derived or corroborated by observable data. SLB had derivative contracts in place that hedged the price of oil related to approximately 75% of the projected oil production for 2022 for one of its APS projects. During 2022, SLB entered into derivative contracts that hedge the price of oil relating to approximately 70% of the projected oil production for the first six months of 2023 and approximately 30% of the projected oil production for the last six months of 2023 for the same project. These contracts are accounted for as cash flow hedges. SLB is exposed to risks on future cash flows to the extent that the local currency is not the functional currency and expenses denominated in local currency are not equal to revenues denominated in local currency. SLB uses foreign currency forward contracts to provide a hedge against a portion of these cash flow risks. These contracts are accounted for as cash flow hedges. SLB is also exposed to changes in the fair value of assets and liabilities denominated in currencies other than the functional currency. While SLB uses foreign currency forward contracts to economically hedge this exposure as it relates to certain currencies, these contracts are not designated as hedges for accounting purposes. Instead, the fair value of the derivative is recorded on the Consolidated Balance Sheet Consolidated Statement of Income (Loss), Consolidated Statement of Income (Loss) Foreign currency forward contracts were outstanding for the US dollar equivalent of $2.1 billion and $1.7 billion in various foreign currencies as of December 31, 2022 and 2021, respectively. Other than the previously mentioned cross-currency interest rate swaps, the fair value of the other outstanding derivatives was not material as of December 31, 2022 and 2021. The effect of derivative instruments designated as hedges and those not designated as hedges on the Consolidated Statement of Income (Loss) (Stated in millions) Gain (Loss) Recognized in Income (Loss) Consolidated Statement 2022 2021 2020 of Income (Loss) Classification Derivatives designated as cash flow hedges: Cross-currency interest rate swaps $ (254 ) $ (422 ) $ 493 Cost of services/sales Cross-currency interest rate swaps (88 ) (83 ) (63 ) Interest expense Commodity contracts (87 ) - - Revenue Foreign exchange contracts (30 ) 5 (5 ) Cost of services/sales $ (459 ) $ (500 ) $ 425 Derivatives not designated as hedges: Foreign exchange contracts $ 42 $ (11 ) $ (29 ) Cost of services/sales SLB does not enter into derivative transactions for speculative purposes. |
Stockholders' Equity
Stockholders' Equity | 12 Months Ended |
Dec. 31, 2022 | |
Equity [Abstract] | |
Stockholders' Equity | 10. Stockholders’ Equity SLB is authorized to issue 4,500,000,000 shares of common stock, par value $0.01 per share, of which 1,420,188,492 and 1,403,381,685 shares were outstanding on December 31, 2022 and 2021, respectively. Holders of common stock are entitled to one vote for each share of stock held. SLB 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 SLB Board of Directors. No shares of preferred stock have been issued. Accumulated Other Comprehensive Loss consists of the following: (Stated in millions) 2022 2021 2020 Currency translation adjustments $ (2,444 ) $ (2,419 ) $ (2,502 ) Pension and other postretirement benefit plans (1,295 ) (1,066 ) (2,314 ) Cash flow hedges (116 ) (85 ) (70 ) Other - - 2 $ (3,855 ) $ (3,570 ) $ (4,884 ) |
Stock-based Compensation Plans
Stock-based Compensation Plans | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | |
Stock-based Compensation Plans | 11. Stock-based Compensation Plans SLB has three types of stock-based compensation programs: (i) a restricted stock, restricted stock unit and performance share unit program (collectively referred to as “restricted stock”), (ii) a discounted stock purchase plan (“DSPP”), and (iii) stock options. Restricted Stock SLB grants performance share units to certain key employees. The number of shares earned is determined at the end of each performance period based on SLB’s achievement of certain predefined targets as described in the underlying performance share unit agreement. In the event SLB exceeds the predefined target, shares for up to a maximum of 250% of the target award may be awarded. In the event SLB falls below the predefined target, a reduced number of shares may be awarded. If SLB falls below the threshold award performance level, no shares will be awarded. As of December 31, 2022, 3.9 million performance share units were outstanding assuming the achievement of 100% of target. All other restricted stock awards generally vest at the end of three years or vest ratably in equal tranches over a three-year period. Restricted stock awards do not pay dividends or have voting rights prior to vesting. Accordingly, the fair value of a restricted stock award is generally the quoted market price of SLB’s stock on the date of grant less the present value of the expected dividends not received prior to vesting. The following table summarizes information related to restricted stock activity: (Shares stated in millions) 2022 2021 2020 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 22 $ 29.03 19 $ 35.24 12 $ 49.86 Granted 7 $ 36.16 8 $ 25.16 11 $ 26.53 Adjustments for performance achieved 2 $ 35.55 - $ - - $ - Vested (13 ) $ 32.42 (5 ) $ 48.44 (3 ) $ 71.56 Forfeited - $ - - $ - (1 ) $ 45.95 Unvested at year-end 18 $ 30.24 22 $ 29.03 19 $ 35.24 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 SLB common stock. Until July 1, 2022, the purchase price of the stock was 92.5% of the lower of the stock price at the beginning or end of the plan period at six-month intervals. Effective July 1, 2022, the purchase price of the stock was changed to 85% 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: 2022 2021 2020 Dividend yield 1.8 % 2.0 % 4.0 % Expected volatility 47 % 67 % 43 % Risk-free interest rate 1.32 % 0.07 % 0.88 % Weighted-average fair value per share $ 8.05 $ 6.72 $ 5.38 Stock Options Key employees may be granted stock options under SLB stock option plans. The exercise price equals the average of the high and low sales prices of SLB stock on the date of grant. The maximum term is 10 years, and the options generally vest in increments over five years. The following table summarizes stock option activity: (Shares stated in millions) 2022 2021 2020 Weighted- Weighted- Weighted- Average Average Average Exercise Exercise Exercise Shares Price Shares Price Shares Price Outstanding at beginning of year 42 $ 68.95 48 $ 70.37 46 $ 75.65 Granted - $ - - $ - 7 $ 38.75 Exercised (2 ) $ 40.04 - $ - - $ - Forfeited / Expired (5 ) $ 71.45 (6 ) $ 80.46 (5 ) $ 71.86 Outstanding at year-end 35 $ 70.31 42 $ 68.95 48 $ 70.37 The following table summarizes information related to options outstanding and options exercisable as of December 31, 2022: (Shares stated in millions) Options Outstanding Options Exercisable Weighted- Average Weighted- Weighted- Options Remaining Life Average Options Average Exercise prices range Outstanding (in years) Exercise Price Exercisable Exercise Price $38.75 - $41.47 10 6.6 $ 39.82 5 $ 40.19 $47.55 - $69.98 2 2.8 $ 62.30 2 $ 62.36 $70.31 - $79.85 9 2.0 $ 74.27 8 $ 74.15 $80.53 - $88.77 8 3.3 $ 84.44 8 $ 84.45 $91.28 - $114.83 6 1.7 $ 96.22 6 $ 96.21 35 3.6 $ 70.31 29 $ 76.70 The weighted-average remaining contractual life of stock options exercisable as of December 31, 2022 was 2.9 years. The aggregate intrinsic value of stock options outstanding and stock options exercisable as of December 31, 2022 was $133 million and $49 million, respectively. Total Stock-based Compensation Expense The following summarizes stock-based compensation expense recognized in income: (Stated in millions) 2022 2021 2020 Restricted stock $ 255 $ 254 $ 293 DSPP 41 34 29 Stock options 17 36 75 $ 313 $ 324 $ 397 At December 31, 2022, there was $275 million of total unrecognized compensation cost related to nonvested stock-based compensation arrangements, of which $172 million is expected to be recognized in 2023, $87 million in 2024, $12 million in 2025, and $4 million in 2026. As of December 31, 2022, approximately 36 million shares of SLB common stock were available for future grants under SLB’s stock-based compensation programs. |
Income Taxes
Income Taxes | 12 Months Ended |
Dec. 31, 2022 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | 12. Income Taxes Income (loss) before taxes subject to United States and non-United States income taxes was as follows: (Stated in millions) 2022 2021 2020 United States $ 600 $ 30 $ (4,394 ) Outside United States 3,671 2,344 (6,904 ) $ 4,271 $ 2,374 $ (11,298 ) SLB recorded net pretax credits of $347 million in 2022 ($379 million of credits in the US and $32 million of net charges outside the US); and $65 million in 2021 ($75 million of credits in the US and $10 million of charges outside the US). SLB recorded net pretax charges of $12.515 billion in 2020 ($3.961 billion in the US and $8.554 billion 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 liabilities were as follows: (Stated in millions) 2022 2021 Intangible assets $ (780 ) $ (855 ) Net operating losses 326 427 Research and development credits 129 118 Fixed assets, net 101 151 Inventories 45 58 Investments in non-US subsidiaries (125 ) (161 ) Pension and other postretirement benefits (114 ) (136 ) Other, net 357 304 $ (61 ) $ (94 ) Approximately $300 million of the $326 million deferred tax asset relating to net operating losses at December 31, 2022 can be carried forward indefinitely. The vast majority of the remaining balance expires at various dates between 2030 and 2041. The deferred tax balances at December 31, 2022 and 2021 were net of valuation allowances relating to net operating losses in certain countries of $111 million and $133 million, respectively. Additionally, the deferred tax balances were net of valuation allowances relating to the following: (Stated in millions) 2022 2021 Foreign tax credits $ 181 $ 210 Capital losses $ - $ 49 The components of Tax expense (benefit) (Stated in millions) 2022 2021 2020 Current: United States-Federal $ 2 $ (32 ) $ 21 United States-State 3 - 5 Outside United States 813 509 410 818 477 436 Deferred: United States-Federal $ 98 $ (132 ) $ (824 ) United States-State 13 12 (67 ) Outside United States (70 ) (15 ) (563 ) Valuation allowance (80 ) 104 206 (39 ) (31 ) (1,248 ) $ 779 $ 446 $ (812 ) A reconciliation of the United States statutory federal tax rate to the consolidated effective tax rate follows: 2022 2021 2020 US federal statutory rate 21 % 21 % 21 % Charges and credits (See Note 3) (1 ) - (14 ) Other (2 ) (2 ) - 18 % 19 % 7 % A number of the jurisdictions in which SLB operates have tax laws that are not fully defined and are evolving. SLB’s tax filings are subject to regular audit by the tax authorities. These audits may result in assessments for additional taxes that are resolved with the tax 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 is as follows: (Stated in millions) 2022 2021 2020 Balance at beginning of year $ 1,001 $ 1,271 $ 1,301 Additions based on tax positions related to the current year 41 38 76 Additions for tax positions of prior years 64 19 78 Impact of changes in exchange rates (38 ) (24 ) (3 ) Settlements with tax authorities (37 ) (49 ) (15 ) Reductions for tax positions of prior years (94 ) (228 ) (87 ) Reductions due to the lapse of statute of limitations (44 ) (26 ) (79 ) $ 893 $ 1,001 $ 1,271 The amounts above exclude accrued interest and penalties of $155 million, $164 million and $184 million at December 31, 2022, 2021 and 2020, respectively. SLB classifies interest and penalties relating to uncertain tax positions within Tax expense (benefit) Consolidated Statement of Income (Loss) 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 SLB operates: Canada 2014 - 2022 Ecuador 2018 - 2022 Mexico 2013 - 2022 Norway 2017 - 2022 Russia 2019 - 2022 Saudi Arabia 2016 - 2022 United Kingdom 2017 - 2022 United States 2017 - 2022 |
Leases
Leases | 12 Months Ended |
Dec. 31, 2022 | |
Leases [Abstract] | |
Leases | 13. Leases SLB’s leasing activities primarily consist of operating leases for administrative offices, manufacturing facilities, research centers, service centers, sales offices, and certain equipment. Total operating lease expense, which approximates cash paid and includes short-term leases, was Maturities of operating lease liabilities as of December 31, 2022 were as follows: (Stated in millions) 2023 $ 165 2024 134 2025 105 2026 79 2027 67 Thereafter 262 Total lease payments $ 812 Less: Interest (113 ) $ 699 Amounts recognized in balance sheet: Accounts payable and accrued liabilities $ 160 Other Liabilities 539 $ 699 The weighted-average remaining lease term as of December 31, 2022 was 10 years. The weighted-average discount rate used to determine the operating lease liability as of December 31, 2022 was 3.3%. |
Contingencies
Contingencies | 12 Months Ended |
Dec. 31, 2022 | |
Commitments And Contingencies Disclosure [Abstract] | |
Contingencies | 14. Contingencies SLB is party to various legal proceedings from time to time. A liability is accrued when a loss is both probable and can be reasonably estimated. Management believes that the probability of a material loss with respect to any currently pending legal proceeding is remote. However, litigation is inherently uncertain, and it is not possible to predict the ultimate disposition of any of these proceedings. |
Segment Information
Segment Information | 12 Months Ended |
Dec. 31, 2022 | |
Segment Reporting [Abstract] | |
Segment Information | 15. Segment Information SLB is organized under four Divisions that combine and integrate SLB’s technologies, enhancing the Company’s ability to support the emerging long-term growth opportunities in each of these market segments. The four Divisions, representing SLB’s segments, are: • Digital & Integration – Combines SLB’s industry-leading digital solutions and data products with its integrated offering of Asset Performance Solutions. • Reservoir Performance – Consists of reservoir-centric technologies and services that are critical to optimizing reservoir productivity and performance. • Well Construction – Combines the full portfolio of products and services to optimize well placement and performance, maximize drilling efficiency, and improve wellbore assurance. • Production Systems – Develops technologies and provides expertise that enhance production and recovery from subsurface reservoirs to the surface, into pipelines, and to refineries. Financial information by segment is as follows: (Stated in millions) 2022 Depreciation Pretax and Capital Revenue Income Assets Amortization Investments Digital & Integration $ 3,725 $ 1,357 $ 3,132 $ 504 $ 689 Reservoir Performance 5,553 881 3,159 386 478 Well Construction 11,397 2,202 6,481 524 687 Production Systems 7,862 748 5,603 311 346 Eliminations & other (446 ) (177 ) 1,426 271 102 Pretax segment operating income 5,011 Goodwill and intangible assets 15,974 Cash and short-term investments 2,897 All other assets 4,463 Corporate & other (1) (637 ) 151 Interest income (2) 27 Interest expense (3) (477 ) Charges & credits (4) 347 $ 28,091 $ 4,271 $ 43,135 $ 2,147 $ 2,302 (Stated in millions) 2021 Depreciation Pretax and Capital Revenue Income Assets Amortization Investments Digital & Integration $ 3,290 $ 1,141 $ 3,134 $ 446 $ 516 Reservoir Performance 4,599 648 2,923 415 348 Well Construction 8,706 1,195 4,714 537 424 Production Systems 6,710 634 4,684 302 267 Eliminations & other (376 ) (253 ) 1,501 269 99 Pretax segment operating income 3,365 Goodwill and intangible assets 16,201 Cash and short-term investments 3,139 All other assets 5,215 Corporate & other (1) (573 ) 151 Interest income (2) 31 Interest expense (3) (514 ) Charges & credits (4) 65 $ 22,929 $ 2,374 $ 41,511 $ 2,120 $ 1,654 (Stated in millions) 2020 Depreciation Pretax and Capital Revenue Income (Loss) Assets Amortization Investments Digital & Integration $ 3,067 $ 727 $ 3,595 $ 615 $ 413 Reservoir Performance 5,602 353 3,489 549 384 Well Construction 8,614 870 4,768 580 420 Production Systems 6,650 623 4,665 338 240 Eliminations & other (332 ) (172 ) 940 276 63 Pretax segment operating income 2,401 Goodwill and intangible assets 16,436 Cash and short-term investments 3,006 All other assets 5,535 Corporate & other (1) (681 ) 208 Interest income (2) 31 Interest expense (3) (534 ) Charges & credits (4) (12,515 ) $ 23,601 $ (11,298 ) $ 42,434 $ 2,566 $ 1,520 (1) Comprised principally of certain corporate expenses not allocated to the segments, stock-based compensation costs, amortization expense associated with certain intangible assets, certain centrally managed initiatives and other nonoperating items. (2) Interest income excludes amounts which are included in the segments’ income (2022: $72 million; 2021: $2 million; 2020: $2 million). (3) Interest expense excludes amounts which are included in the segments’ income (2022: $13 million; 2021: $15 million; 2020: $28 million) and $10 million interest expense included in Charges & credits in 2021. (4) See Note 3 – Charges and Credits Segment assets consist of receivables, inventories, fixed assets, exploration data and APS investments. Capital investments includes capital expenditures, APS investments and exploration data cost capitalized. Depreciation and amortization includes depreciation of property, plant and equipment and amortization of intangible assets, exploration data costs and APS investments. Revenue by geographic area for the years ended December 31, 2022, 2021 and 2020 was as follows: (Stated in millions) 2022 2021 2020 North America $ 5,995 $ 4,466 $ 5,478 Latin America 5,661 4,459 3,472 Europe/CIS/Africa 7,201 5,778 5,963 Middle East & Asia 9,033 8,059 8,567 Eliminations & other 201 167 121 $ 28,091 $ 22,929 $ 23,601 Revenue is based on the location where services are provided and products are sold. During each of the three years ended December 31, 2022, 2021 and 2020, no single customer exceeded 10% of consolidated revenue. SLB did not have revenue from third-party customers in its country of domicile during the last three years. Revenue in the United States in 2022, 2021 and 2020 was $4.6 billion, $3.4 billion and $4.5 billion, respectively. North America and International revenue disaggregated by segment was as follows: (Stated in millions) 2022 North America International Other Total Digital & Integration $ 1,069 $ 2,651 $ 5 $ 3,725 Reservoir Performance 455 5,091 7 5,553 Well Construction 2,311 8,875 211 11,397 Production Systems 2,176 5,675 11 7,862 Eliminations & other (16 ) (397 ) (33 ) (446 ) $ 5,995 $ 21,895 $ 201 $ 28,091 (Stated in millions) 2021 North America International Other Total Digital & Integration $ 812 $ 2,474 $ 4 $ 3,290 Reservoir Performance 329 4,266 4 4,599 Well Construction 1,485 7,025 196 8,706 Production Systems 1,832 4,865 13 6,710 Eliminations & other 8 (334 ) (50 ) (376 ) $ 4,466 $ 18,296 $ 167 $ 22,929 (Stated in millions) 2020 North America International Other Total Digital & Integration $ 573 $ 2,487 $ 7 $ 3,067 Reservoir Performance 1,547 4,043 12 5,602 Well Construction 1,453 6,965 196 8,614 Production Systems 1,921 4,702 27 6,650 Eliminations & other (16 ) (195 ) (121 ) (332 ) $ 5,478 $ 18,002 $ 121 $ 23,601 Fixed Assets less accumulated depreciation by geographic area was as follows: (Stated in millions ) 2022 2021 North America $ 1,459 $ 1,368 Latin America 913 868 Europe/CIS/Africa 1,668 1,690 Middle East & Asia 2,099 2,049 Unallocated 468 454 $ 6,607 $ 6,429 17. Supplementary Information Cash paid for interest and income taxes was as follows: (Stated in millions) 2022 2021 2020 Interest $ 562 $ 560 $ 598 Income tax $ 716 $ 591 $ 582 Interest and other income, net includes the following: (Stated in millions) 2022 2021 2020 Gain on sale of Liberty shares * $ 325 $ 28 $ - Loss on Blue Chip Swap transactions * (139 ) - - Gain on ADC equity investment * 107 - - Earnings of equity method investments 164 40 91 Interest income 99 33 33 Gain on sale of real estate * 43 - - Gain on repurchase of bonds * 11 - - Unrealized gain on marketable securities * - 47 39 Gain on sale of OneStim * - - 104 $ 610 $ 148 $ 267 * See Note 3 – Charges and Credits The components of depreciation and amortization expense were as follows: (Stated in millions) 2022 2021 2020 Depreciation of fixed assets $ 1,368 $ 1,402 $ 1,625 Amortization of APS investments 368 305 396 Amortization of intangible assets 301 302 371 Amortization of exploration data costs 110 111 174 $ 2,147 $ 2,120 $ 2,566 The change in Allowance for doubtful accounts (Stated in millions) 2022 2021 2020 Balance at beginning of year $ 319 $ 301 $ 255 Additions 54 47 58 Amounts written off (33 ) (29 ) (12 ) Balance at end of year $ 340 $ 319 $ 301 Revenue in excess of billings related to contracts where revenue is recognized over time was $0.3 billion at December 31, 2022 and $0.2 billion at December 31, 2021. Such amounts are included within Receivables less allowance for doubtful accounts Consolidated Balance Sheet Other Assets consist of the following: (Stated in millions) 2022 2021 Investments in APS projects $ 2,023 $ 1,786 Pension and other postretirement plan assets 904 1,034 Operating lease assets 538 553 Exploration data costs capitalized 141 154 Fair value of hedge contracts 1 66 Other 363 590 $ 3,970 $ 4,183 Accounts payable and accrued liabilities consist of the following: (Stated in millions) 2022 2021 Trade $ 3,921 $ 3,205 Payroll, vacation and employee benefits 1,493 1,377 Billings and cash collections in excess of revenue 1,157 1,088 Other 2,550 2,712 $ 9,121 $ 8,382 |
Pension and Other Benefit Plans
Pension and Other Benefit Plans | 12 Months Ended |
Dec. 31, 2022 | |
Compensation And Retirement Disclosure [Abstract] | |
Pension and Other Benefit Plans | 16. Pension and Other Postretirement Benefit Plans Pension Plans SLB 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 US defined benefit pension plans, SLB 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 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 2022 2021 2020 2022 2021 2020 Discount rate 3.00 % 2.60 % 3.30 % 2.83 % 2.38 % 3.27 % Compensation increases 4.00 % 4.00 % 4.00 % 4.83 % 4.82 % 4.83 % Return on plan assets 4.40 % 6.60 % 6.60 % 5.05 % 6.73 % 6.71 % Net pension cost (credit) included the following components: (Stated in millions) US International 2022 2021 2020 2022 2021 2020 Service cost $ 37 $ 44 $ 55 $ 101 $ 117 $ 140 Interest cost 137 127 148 298 267 301 Expected return on plan assets (202 ) (254 ) (233 ) (530 ) (640 ) (591 ) Amortization of prior service cost - - 8 - - - Amortization of net loss 5 44 41 80 227 159 $ (23 ) $ (39 ) $ 19 $ (51 ) $ (29 ) $ 9 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 2022 2021 2022 2021 Discount rate 5.50 % 3.00 % 5.41 % 2.83 % Compensation increases 4.00 % 4.00 % 4.84 % 4.83 % The changes in the projected benefit obligation, plan assets and funded status of the plans were as follows: (Stated in millions) US International 2022 2021 2022 2021 Change in Projected Benefit Obligations: Projected benefit obligation at beginning of year $ 4,668 $ 4,940 $ 10,618 $ 11,140 Service cost 37 44 101 117 Interest cost 137 127 298 267 Contribution by plan participants - - 47 53 Actuarial gains (1,152 ) (211 ) (3,140 ) (586 ) Currency effect - - (148 ) (18 ) Benefits paid (375 ) (232 ) (363 ) (355 ) Other - - 185 - Projected benefit obligation at end of year $ 3,315 $ 4,668 $ 7,598 $ 10,618 Change in Plan Assets: Plan assets at fair value at beginning of year $ 4,696 $ 4,776 $ 11,221 $ 10,493 Actual return on plan assets (933 ) 145 (2,834 ) 1,040 Currency effect - - (188 ) (28 ) Company contributions 8 7 18 18 Contributions by plan participants - - 47 53 Benefits paid (375 ) (232 ) (363 ) (355 ) Other - - 225 - Plan assets at fair value at end of year $ 3,396 $ 4,696 $ 8,126 $ 11,221 Asset $ 81 $ 28 $ 528 $ 603 Amounts Recognized in Balance Sheet: Postretirement Benefits $ (151 ) $ (212 ) $ (14 ) $ (19 ) Other Assets 232 240 542 622 $ 81 $ 28 $ 528 $ 603 Amounts Recognized in Accumulated Other Comprehensive Loss: Actuarial losses $ 255 $ 276 $ 1,366 $ 1,174 Accumulated benefit obligation $ 3,221 $ 4,484 $ 7,454 $ 10,370 The asset 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. Actuarial gains arising during each of 2022 and 2021 were primarily attributable to increases in the discount rate used to determine the PBO. The weighted-average allocation of plan assets as of December 31, 2022 and 2021 and the target allocations by asset category as of December 31, 2022 were as follows: US International Target 2022 2021 Target 2022 2021 Cash and cash equivalents 0 - 3 % 2 % 2 % 0 - 5 % 2 % 3 % Equity securities 0 - 5 - 5 10 - 20 10 23 Debt securities 80 - 90 83 84 50 - 60 56 53 Private equity and real estate 5 - 12 11 8 15 - 22 19 13 Private debt 2 - 8 4 1 9 - 15 13 8 100 % 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 The expected rate of return on assets assumptions reflect the long-term average rate of return expected to be earned on plan assets. 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 SLB’s pension plan assets at December 31, 2022 and 2021, 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 2022 2021 Level Level Level Level Level Level Total One Two Three Total One Two Three Asset Category: Cash and Cash Equivalents $ 81 $ 77 $ 4 $ - $ 68 $ 61 $ 7 $ - Equity Securities: US 3 - 3 - 212 196 16 - International - - - - 49 48 1 - Debt Securities: Corporate bonds 1,775 - 1,775 - 2,583 - 2,583 - Government and related debt securities 1,014 157 857 - 1,353 199 1,154 - Mortgage and asset-based securities 29 - 29 - - - - - Alternative Investments: Private equity 291 - - 291 293 - - 293 Private debt 124 - - 124 39 - - 39 Real estate 79 - - 79 99 - - 99 Total $ 3,396 $ 234 $ 2,668 $ 494 $ 4,696 $ 504 $ 3,761 $ 431 (Stated in millions) International Plan Assets 2022 2021 Level Level Level Level Level Level Total One Two Three Total One Two Three Asset Category: Cash and Cash Equivalents $ 170 $ 163 $ 7 $ - $ 362 $ 353 $ 9 $ - Equity Securities: US 580 497 83 - 1,909 1,600 309 - International 273 273 - - 717 717 - - Debt Securities: Corporate bonds 2,224 - 2,224 - 2,859 - 2,859 - Government and related debt securities 2,283 336 1,947 - 2,390 221 2,169 - Mortgage and asset-based securities 13 - 13 - 644 - 644 - Alternative Investments: Private equity 1,362 - - 1,362 1,284 - - 1,284 Private debt 1,041 - - 1,041 869 - - 869 Real estate 180 - - 180 187 - - 187 Total $ 8,126 $ 1,269 $ 4,274 $ 2,583 $ 11,221 $ 2,891 $ 5,990 $ 2,340 SLB’s funding policy is to annually contribute amounts that are based upon a number of factors including the funded status of the plans, amounts that are deductible for income tax purposes, legal funding requirements and available cash flow. SLB does not expect to make any material contributions to its postretirement benefit plans in 2023. Postretirement Benefits Other Than Pensions SLB provides healthcare benefits to certain former US employees who have retired. 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 2022 2021 2022 2021 2020 Discount rate 5.50 % 3.00 % 3.00 % 2.60 % 3.30 % Return on plan assets - - 2.94 % 6.21 % 6.21 % Current medical cost trend rate 7.50 % 6.75 % 6.75 % 7.00 % 7.25 % Ultimate medical cost trend rate 4.50 % 4.50 % 4.50 % 4.50 % 4.50 % Year that the rate reaches the ultimate trend rate 2035 2031 2031 2031 2031 The net periodic benefit credit for the US postretirement medical plan included the following components: (Stated in millions) 2022 2021 2020 Service cost $ 23 $ 28 $ 31 Interest cost 33 32 36 Expected return on plan assets (38 ) (73 ) (70 ) Amortization of prior service credit (23 ) (23 ) (25 ) Amortization of net loss (10 ) - - Curtailment gain - - (69 ) $ (15 ) $ (36 ) $ (97 ) Due to the actions taken by SLB to reduce its global workforce during 2020, SLB experienced a significant reduction in the expected aggregate years of future service of its employees in its US postretirement medical plan. Accordingly, SLB recorded a curtailment gain of $69 million during the second quarter of 2020 relating to this plan. The curtailment gain includes recognition of the decrease in the benefit obligation as well as a portion of the previously unrecognized prior service credit, reflecting the reduction in expected years of future service. As a result of the curtailment, SLB performed a remeasurement of the plan, which had an immaterial impact. This gain was classified in Impairments & other Consolidated Statement of Income (Loss) Charges and Credits The changes in the accumulated postretirement benefit obligation, plan assets and funded status were as follows: (Stated in millions) 2022 2021 Change in Accumulated Postretirement Benefit Obligation: Benefit obligation at beginning of year $ 1,146 $ 1,234 Service cost 23 28 Interest cost 33 32 Contribution by plan participants 9 10 Actuarial gains (338 ) (95 ) Benefits paid (65 ) (63 ) Benefit obligation at end of year $ 808 $ 1,146 Change in Plan Assets: Plan assets at fair value at beginning of year $ 1,318 $ 1,356 Actual return on plan assets (323 ) 15 Contributions by plan participants 8 10 Benefits paid (65 ) (63 ) Plan assets at fair value at end of year $ 938 $ 1,318 Asset $ 130 $ 172 Amounts Recognized in Accumulated Other Comprehensive Loss: Actuarial gains $ 199 $ 225 Prior service credit 59 81 $ 258 $ 306 The asset balance relating to this plan was included in Other Assets Consolidated Balance Sheet The assets of the US postretirement medical plan are invested 87% in debt securities and 13% in equity securities at December 31, 2022. The fair value of these assets was primarily determined based on Level Two valuation techniques. Other Information The expected benefits to be paid under the US and International pension plans as well as the postretirement medical plan are as follows: (Stated in millions) Pension Plans Postretirement US International Medical Plan 2023 $ 226 $ 390 $ 51 2024 $ 227 $ 399 $ 51 2025 $ 228 $ 412 $ 52 2026 $ 230 $ 425 $ 52 2027 $ 231 $ 432 $ 54 2028-2032 $ 1,168 $ 2,376 $ 296 |
Summary of Accounting Policies
Summary of Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2022 | |
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, the 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, SLB evaluates its estimates, including those related to collectibility of accounts receivable; revenue recognized for certain long-term construction-type contracts over time; recoverability of fixed assets, goodwill, intangible assets, Asset Performance Solutions investments, and investments in affiliates; income taxes; exploration data; contingencies and actuarial assumptions for employee benefit plans. SLB 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 SLB recognizes revenue upon the transfer of control of promised products or services to customers at an amount that reflects the consideration it expects to receive in exchange for these products or services. The vast majority of SLB’s services and product offerings are short-term in nature. The time between invoicing and when payment is due under these arrangements is generally between 30 to 60 days. Revenue is recognized for certain long-term construction-type contracts over time. These contracts involve significant design and engineering efforts in order to satisfy custom designs for customer-specific applications. Revenue is recognized as work progresses on each contract. Progress is measured by the ratio of actual costs incurred to date on the project in relation to total estimated project costs. The estimate of total project costs has a significant impact on both the amount of revenue recognized as well as the related profit on a project. Revenue and profits on contracts can also be significantly affected by change orders and claims. Due to the nature of these projects, adjustments to estimates of contract revenue and total contract costs may be required as work progresses. Progress billings are generally issued upon completion of certain phases of work as stipulated in the contract. Any expected losses on a project are recorded in full in the period in which they become probable. Due to the nature of its businesses, SLB does not have significant backlog. Total backlog was $3.0 billion at December 31, 2022, of which approximately 60% is expected to be recognized as revenue during 2023. |
Short-term and Investments | Short-term Investments Short-term investments 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 and are stated at cost plus accrued interest, which approximates fair value. For purposes of the Consolidated Statement of Cash Flows Short-term investments |
Investments in Affiliated Companies | Investments in Affiliated Companies Investments in companies in which SLB does not have a controlling financial interest, but over which it has significant influence, are accounted for using the equity method. SLB’s share of the after-tax earnings of equity method investees is included in Interest & other income Interest & other income |
Multiclient Seismic Data | Exploration Data SLB’s exploration data library consists of completed and in-process seismic surveys that are licensed on a nonexclusive basis. SLB capitalizes costs directly incurred in acquiring and processing the exploration data. Such costs are charged to Cost of services The carrying value of the exploration data 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 involve significant judgment on the part of SLB, would not be sufficient to recover the carrying value of the surveys. Significant adverse changes in SLB’s estimated future cash flows could result in impairment charges in a future period. |
Asset Performance Solutions | Asset Performance Solutions Asset Performance Solutions (“APS”) projects are generally focused on developing and co-managing production of customers’ assets under long-term agreements. SLB invests its own services and products into the field development activities and operations and is compensated on a fee-per-barrel basis or based on cash flow generated. This includes certain arrangements whereby SLB is only compensated based on incremental production that it helps deliver above a mutually agreed baseline. SLB capitalizes its investments in a project including the direct costs associated with providing its services or products. These capitalized investments are amortized to the Consolidated Statement of Income (Loss) |
Concentration of Credit Risk | Concentration of Credit Risk SLB’s assets that are exposed to concentrations of credit risk consist primarily of cash, short-term investments, receivables from clients and derivative financial instruments. SLB places its cash and short-term investments with financial institutions and corporations and limits the amount of credit exposure with any one of them. SLB regularly evaluates the creditworthiness of the issuers in which it invests. By using derivative financial instruments to hedge certain exposures, SLB exposes itself to some credit risk. SLB 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. As a large multinational company, SLB’s accounts receivable are spread over many countries and customers. The United States and Mexico represented 13% and 14%, respectively, of SLB’s net accounts receivable balance at December 31, 2022. No other countries accounted for greater than 10% of SLB’s accounts receivable balance. SLB maintains an allowance for uncollectible accounts receivable based on expected collectability and performs ongoing credit evaluations of its customers’ financial condition. If the financial condition of SLB’s 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 (loss) per share of SLB: (Stated in millions, except per share amounts) Net Income (Loss) Attributable to SLB Average Shares Outstanding Earnings (Loss) per Share 2022: Basic $ 3,441 1,416 $ 2.43 Dilutive impact of stock options and restricted stock - 21 Diluted $ 3,441 1,437 $ 2.39 2021: Basic $ 1,881 1,400 $ 1.34 Dilutive impact of stock options and restricted stock - 27 Diluted $ 1,881 1,427 $ 1.32 2020: Basic $ (10,518 ) 1,390 $ (7.57 ) Dilutive impact of stock options and restricted stock - - Diluted $ (10,518 ) 1,390 $ (7.57 ) The number of outstanding employee stock options to purchase shares of SLB common stock and unvested restricted stock units that were not included in the computation of diluted earnings/loss per share, because to do so would have had an anti-dilutive effect, were as follows: (Stated in millions) 2022 2021 2020 Employee stock options 25 42 48 Unvested restricted stock - - 19 |
Summary of Accounting Policie_2
Summary of Accounting Policies (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Accounting Policies [Abstract] | |
Reconciliation of Earnings Per Share | The following is a reconciliation from basic to diluted earnings (loss) per share of SLB: (Stated in millions, except per share amounts) Net Income (Loss) Attributable to SLB Average Shares Outstanding Earnings (Loss) per Share 2022: Basic $ 3,441 1,416 $ 2.43 Dilutive impact of stock options and restricted stock - 21 Diluted $ 3,441 1,437 $ 2.39 2021: Basic $ 1,881 1,400 $ 1.34 Dilutive impact of stock options and restricted stock - 27 Diluted $ 1,881 1,427 $ 1.32 2020: Basic $ (10,518 ) 1,390 $ (7.57 ) Dilutive impact of stock options and restricted stock - - Diluted $ (10,518 ) 1,390 $ (7.57 ) |
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share | The number of outstanding employee stock options to purchase shares of SLB common stock and unvested restricted stock units that were not included in the computation of diluted earnings/loss per share, because to do so would have had an anti-dilutive effect, were as follows: (Stated in millions) 2022 2021 2020 Employee stock options 25 42 48 Unvested restricted stock - - 19 |
Charges and Credits (Tables)
Charges and Credits (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Restructuring And Related Activities [Abstract] | |
Summary of Charges and Credits | SLB recorded the following charges and credits during 2022, all of which are classified in Interest & other income, net Consolidated Statement of Income (Loss) (Stated in millions) Pretax Tax Benefit Charge (Credit) (Expense) Net First quarter: Gain on sale of Liberty shares $ (26 ) $ (4 ) $ (22 ) Second quarter: Gain on sale of Liberty shares (215 ) (14 ) (201 ) Gain on sale of real estate (43 ) (2 ) (41 ) Fourth quarter: Gain on sale of Liberty shares (84 ) (19 ) (65 ) Loss on Blue Chip Swap transactions 139 - 139 Gain on ADC equity investment (107 ) (3 ) (104 ) Gain on repurchase of bonds (11 ) (2 ) (9 ) $ (347 ) $ (44 ) $ (303 ) SLB recorded the following charges and credits during 2021: (Stated in millions) Pretax Tax Benefit Charge (Credit) (Expense) Net Third quarter: Unrealized gain on marketable securities $ (47 ) $ (11 ) $ (36 ) Fourth quarter: Gain on sale of Liberty shares (28 ) (4 ) (24 ) Early repayment of bonds 10 - 10 $ (65 ) $ (15 ) $ (50 ) SLB recorded the following charges and credits during 2020, all of which, unless otherwise noted, are classified in Impairments & other Consolidated Statement of Income (Loss) (Stated in millions) Pretax Tax Benefit Charge (Credit) (Expense) Net First quarter: Goodwill $ 3,070 $ - $ 3,070 Intangible assets impairments 3,321 815 2,506 Asset Performance Solutions investments 1,264 (4 ) 1,268 North America pressure pumping impairment 587 133 454 Workforce reductions 202 7 195 Other 79 9 70 Valuation allowance - (164 ) 164 Second quarter: Workforce reductions 1,021 71 950 Asset Performance Solutions investments 730 15 715 Fixed asset impairments 666 52 614 Inventory write-downs 603 49 554 Right-of-use asset impairments 311 67 244 Costs associated with exiting certain activities 205 (25 ) 230 Exploration data impairment 156 2 154 Repurchase of bonds 40 2 38 Postretirement benefits curtailment gain (69 ) (16 ) (53 ) Other 60 4 56 Third quarter: Facility exit charges 254 39 215 Workforce reductions 63 - 63 Other 33 1 32 Fourth quarter: Gain on sale of OneStim (104 ) (11 ) (93 ) Unrealized gain on marketable securities (39 ) (9 ) (30 ) Other 62 4 58 $ 12,515 $ 1,041 $ 11,474 |
Inventories (Tables)
Inventories (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Inventory Disclosure [Abstract] | |
Summary of Inventory | Inventories, which are stated at the lower of average cost or net realizable value, consist of the following: (Stated in millions) 2022 2021 Raw materials & field materials $ 2,085 $ 1,594 Work in progress 547 425 Finished goods 1,367 1,253 $ 3,999 $ 3,272 |
Fixed Assets (Tables)
Fixed Assets (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Property Plant And Equipment [Abstract] | |
Summary of Fixed Assets | Fixed assets consist of the following: (Stated in millions) 2022 2021 Land $ 326 $ 372 Buildings & improvements 4,328 4,371 Machinery & equipment 23,732 24,334 28,386 29,077 Less: Accumulated depreciation 21,779 22,648 $ 6,607 $ 6,429 |
Goodwill (Tables)
Goodwill (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Goodwill And Intangible Assets Disclosure [Abstract] | |
Changes in Carrying Amount of Goodwill | The changes in the carrying amount of goodwill by segment were as follows: (Stated in millions) Digital & Reservoir Well Production Integration Performance Construction Systems Total Balance, December 31, 2020 $ 2,047 $ 3,802 $ 6,278 $ 853 $ 12,980 Acquisitions 18 - - - 18 Translation and other (13 ) 2 3 - (8 ) Balance, December 31, 2021 2,052 3,804 6,281 853 12,990 Translation and other (8 ) - - - (8 ) Balance, December 31, 2022 $ 2,044 $ 3,804 $ 6,281 $ 853 $ 12,982 |
Intangible Assets (Tables)
Intangible Assets (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Goodwill And Intangible Assets Disclosure [Abstract] | |
Schedule of Intangible Assets by Major Class | Intangible assets consist of the following: (Stated in millions) 2022 2021 Gross Accumulated Net Book Gross Accumulated Net Book Book Value Amortization Value Book Value Amortization Value Customer Relationships $ 1,680 $ 631 $ 1,049 $ 1,681 $ 551 $ 1,130 Technology/Technical Know-How 1,280 676 604 1,264 562 702 Tradenames 767 222 545 766 191 575 Other 1,657 863 794 1,578 774 804 $ 5,384 $ 2,392 $ 2,992 $ 5,289 $ 2,078 $ 3,211 |
Long-term Debt and Debt Facil_2
Long-term Debt and Debt Facility Agreements (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Debt Disclosure [Abstract] | |
Summary of Long-term Debt | Long-term Debt consists of the following: (Stated in millions) 2022 2021 3.90% Senior Notes due 2028 $ 1,464 $ 1,457 2.65% Senior Notes due 2030 1,250 1,250 1.375% Guaranteed Notes due 2026 1,061 1,125 2.00% Guaranteed Notes due 2032 1,055 1,118 0.25% Notes due 2027 955 1,013 0.50% Notes due 2031 954 1,012 4.30% Senior Notes due 2029 847 846 1.00% Guaranteed Notes due 2026 635 679 0.00% Notes due 2024 531 563 4.00% Senior Notes due 2025 522 930 1.40% Senior Notes due 2025 499 498 3.75% Senior Notes due 2024 355 748 7.00% Notes due 2038 202 204 5.95% Notes due 2041 112 113 5.13% Notes due 2043 98 98 3.70% Notes due 2024 54 55 3.65% Senior Notes due 2023 - 1,497 4.00% Notes due 2023 - 80 $ 10,594 $ 13,286 |
Derivative Instruments and He_2
Derivative Instruments and Hedging Activities (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Derivative Instruments And Hedging Activities Disclosure [Abstract] | |
Summary of Derivatives Included in the Consolidated Balance Sheet | A summary of the amounts included in the Consolidated Balance Sheet (Stated in millions) Dec. 31, 2022 Dec. 31, 2021 Other Assets $ 1 $ 66 Other Liabilities $ 326 $ 78 |
Effect of Derivative Instruments Designated as Fair Value Hedges and Not Designated as Hedges on Consolidated Statement of Income (Loss) | The effect of derivative instruments designated as hedges and those not designated as hedges on the Consolidated Statement of Income (Loss) (Stated in millions) Gain (Loss) Recognized in Income (Loss) Consolidated Statement 2022 2021 2020 of Income (Loss) Classification Derivatives designated as cash flow hedges: Cross-currency interest rate swaps $ (254 ) $ (422 ) $ 493 Cost of services/sales Cross-currency interest rate swaps (88 ) (83 ) (63 ) Interest expense Commodity contracts (87 ) - - Revenue Foreign exchange contracts (30 ) 5 (5 ) Cost of services/sales $ (459 ) $ (500 ) $ 425 Derivatives not designated as hedges: Foreign exchange contracts $ 42 $ (11 ) $ (29 ) Cost of services/sales |
Stockholders' Equity (Tables)
Stockholders' Equity (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Equity [Abstract] | |
Schedule of Accumulated Other Comprehensive Loss | Accumulated Other Comprehensive Loss consists of the following: (Stated in millions) 2022 2021 2020 Currency translation adjustments $ (2,444 ) $ (2,419 ) $ (2,502 ) Pension and other postretirement benefit plans (1,295 ) (1,066 ) (2,314 ) Cash flow hedges (116 ) (85 ) (70 ) Other - - 2 $ (3,855 ) $ (3,570 ) $ (4,884 ) |
Stock-based Compensation Plans
Stock-based Compensation Plans (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | |
Restricted Stock Activity | The following table summarizes information related to restricted stock activity: (Shares stated in millions) 2022 2021 2020 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 22 $ 29.03 19 $ 35.24 12 $ 49.86 Granted 7 $ 36.16 8 $ 25.16 11 $ 26.53 Adjustments for performance achieved 2 $ 35.55 - $ - - $ - Vested (13 ) $ 32.42 (5 ) $ 48.44 (3 ) $ 71.56 Forfeited - $ - - $ - (1 ) $ 45.95 Unvested at year-end 18 $ 30.24 22 $ 29.03 19 $ 35.24 |
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: 2022 2021 2020 Dividend yield 1.8 % 2.0 % 4.0 % Expected volatility 47 % 67 % 43 % Risk-free interest rate 1.32 % 0.07 % 0.88 % Weighted-average fair value per share $ 8.05 $ 6.72 $ 5.38 |
Summary of Stock Option Activity | The following table summarizes stock option activity: (Shares stated in millions) 2022 2021 2020 Weighted- Weighted- Weighted- Average Average Average Exercise Exercise Exercise Shares Price Shares Price Shares Price Outstanding at beginning of year 42 $ 68.95 48 $ 70.37 46 $ 75.65 Granted - $ - - $ - 7 $ 38.75 Exercised (2 ) $ 40.04 - $ - - $ - Forfeited / Expired (5 ) $ 71.45 (6 ) $ 80.46 (5 ) $ 71.86 Outstanding at year-end 35 $ 70.31 42 $ 68.95 48 $ 70.37 |
Options Outstanding and Option Exercisable | The following table summarizes information related to options outstanding and options exercisable as of December 31, 2022: (Shares stated in millions) Options Outstanding Options Exercisable Weighted- Average Weighted- Weighted- Options Remaining Life Average Options Average Exercise prices range Outstanding (in years) Exercise Price Exercisable Exercise Price $38.75 - $41.47 10 6.6 $ 39.82 5 $ 40.19 $47.55 - $69.98 2 2.8 $ 62.30 2 $ 62.36 $70.31 - $79.85 9 2.0 $ 74.27 8 $ 74.15 $80.53 - $88.77 8 3.3 $ 84.44 8 $ 84.45 $91.28 - $114.83 6 1.7 $ 96.22 6 $ 96.21 35 3.6 $ 70.31 29 $ 76.70 |
Stock-Based Compensation Expense Recognized in Income | The following summarizes stock-based compensation expense recognized in income: (Stated in millions) 2022 2021 2020 Restricted stock $ 255 $ 254 $ 293 DSPP 41 34 29 Stock options 17 36 75 $ 313 $ 324 $ 397 |
Income Taxes (Tables)
Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Income Tax Disclosure [Abstract] | |
Income (Loss) Before Taxes | Income (loss) before taxes subject to United States and non-United States income taxes was as follows: (Stated in millions) 2022 2021 2020 United States $ 600 $ 30 $ (4,394 ) Outside United States 3,671 2,344 (6,904 ) $ 4,271 $ 2,374 $ (11,298 ) |
Components of Net Deferred Tax Liabilities | The components of net deferred tax liabilities were as follows: (Stated in millions) 2022 2021 Intangible assets $ (780 ) $ (855 ) Net operating losses 326 427 Research and development credits 129 118 Fixed assets, net 101 151 Inventories 45 58 Investments in non-US subsidiaries (125 ) (161 ) Pension and other postretirement benefits (114 ) (136 ) Other, net 357 304 $ (61 ) $ (94 ) |
Deferred Tax Assets and Liabilities Valuation Allowances | The deferred tax balances at December 31, 2022 and 2021 were net of valuation allowances relating to net operating losses in certain countries of $111 million and $133 million, respectively. Additionally, the deferred tax balances were net of valuation allowances relating to the following: (Stated in millions) 2022 2021 Foreign tax credits $ 181 $ 210 Capital losses $ - $ 49 |
Components of Tax Expense (Benefit) | The components of Tax expense (benefit) (Stated in millions) 2022 2021 2020 Current: United States-Federal $ 2 $ (32 ) $ 21 United States-State 3 - 5 Outside United States 813 509 410 818 477 436 Deferred: United States-Federal $ 98 $ (132 ) $ (824 ) United States-State 13 12 (67 ) Outside United States (70 ) (15 ) (563 ) Valuation allowance (80 ) 104 206 (39 ) (31 ) (1,248 ) $ 779 $ 446 $ (812 ) |
Reconciliation of US Statutory Federal Tax Rate | A reconciliation of the United States statutory federal tax rate to the consolidated effective tax rate follows: 2022 2021 2020 US federal statutory rate 21 % 21 % 21 % Charges and credits (See Note 3) (1 ) - (14 ) Other (2 ) (2 ) - 18 % 19 % 7 % |
Reconciliation of Liabilities Associated with Uncertain Tax Provisions | A reconciliation of the beginning and ending amount of liabilities associated with uncertain tax positions is as follows: (Stated in millions) 2022 2021 2020 Balance at beginning of year $ 1,001 $ 1,271 $ 1,301 Additions based on tax positions related to the current year 41 38 76 Additions for tax positions of prior years 64 19 78 Impact of changes in exchange rates (38 ) (24 ) (3 ) Settlements with tax authorities (37 ) (49 ) (15 ) Reductions for tax positions of prior years (94 ) (228 ) (87 ) Reductions due to the lapse of statute of limitations (44 ) (26 ) (79 ) $ 893 $ 1,001 $ 1,271 |
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 SLB operates: Canada 2014 - 2022 Ecuador 2018 - 2022 Mexico 2013 - 2022 Norway 2017 - 2022 Russia 2019 - 2022 Saudi Arabia 2016 - 2022 United Kingdom 2017 - 2022 United States 2017 - 2022 |
Leases (Tables)
Leases (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Leases [Abstract] | |
Maturities of Operating Lease Liabilities | Maturities of operating lease liabilities as of December 31, 2022 were as follows: (Stated in millions) 2023 $ 165 2024 134 2025 105 2026 79 2027 67 Thereafter 262 Total lease payments $ 812 Less: Interest (113 ) $ 699 Amounts recognized in balance sheet: Accounts payable and accrued liabilities $ 160 Other Liabilities 539 $ 699 |
Segment Information (Tables)
Segment Information (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Segment Reporting [Abstract] | |
Schedule of Segment Reporting Information, by Segment | Financial information by segment is as follows: (Stated in millions) 2022 Depreciation Pretax and Capital Revenue Income Assets Amortization Investments Digital & Integration $ 3,725 $ 1,357 $ 3,132 $ 504 $ 689 Reservoir Performance 5,553 881 3,159 386 478 Well Construction 11,397 2,202 6,481 524 687 Production Systems 7,862 748 5,603 311 346 Eliminations & other (446 ) (177 ) 1,426 271 102 Pretax segment operating income 5,011 Goodwill and intangible assets 15,974 Cash and short-term investments 2,897 All other assets 4,463 Corporate & other (1) (637 ) 151 Interest income (2) 27 Interest expense (3) (477 ) Charges & credits (4) 347 $ 28,091 $ 4,271 $ 43,135 $ 2,147 $ 2,302 (Stated in millions) 2021 Depreciation Pretax and Capital Revenue Income Assets Amortization Investments Digital & Integration $ 3,290 $ 1,141 $ 3,134 $ 446 $ 516 Reservoir Performance 4,599 648 2,923 415 348 Well Construction 8,706 1,195 4,714 537 424 Production Systems 6,710 634 4,684 302 267 Eliminations & other (376 ) (253 ) 1,501 269 99 Pretax segment operating income 3,365 Goodwill and intangible assets 16,201 Cash and short-term investments 3,139 All other assets 5,215 Corporate & other (1) (573 ) 151 Interest income (2) 31 Interest expense (3) (514 ) Charges & credits (4) 65 $ 22,929 $ 2,374 $ 41,511 $ 2,120 $ 1,654 (Stated in millions) 2020 Depreciation Pretax and Capital Revenue Income (Loss) Assets Amortization Investments Digital & Integration $ 3,067 $ 727 $ 3,595 $ 615 $ 413 Reservoir Performance 5,602 353 3,489 549 384 Well Construction 8,614 870 4,768 580 420 Production Systems 6,650 623 4,665 338 240 Eliminations & other (332 ) (172 ) 940 276 63 Pretax segment operating income 2,401 Goodwill and intangible assets 16,436 Cash and short-term investments 3,006 All other assets 5,535 Corporate & other (1) (681 ) 208 Interest income (2) 31 Interest expense (3) (534 ) Charges & credits (4) (12,515 ) $ 23,601 $ (11,298 ) $ 42,434 $ 2,566 $ 1,520 (1) Comprised principally of certain corporate expenses not allocated to the segments, stock-based compensation costs, amortization expense associated with certain intangible assets, certain centrally managed initiatives and other nonoperating items. (2) Interest income excludes amounts which are included in the segments’ income (2022: $72 million; 2021: $2 million; 2020: $2 million). (3) Interest expense excludes amounts which are included in the segments’ income (2022: $13 million; 2021: $15 million; 2020: $28 million) and $10 million interest expense included in Charges & credits in 2021. (4) See Note 3 – Charges and Credits |
Revenue by Geographic Area | Revenue by geographic area for the years ended December 31, 2022, 2021 and 2020 was as follows: (Stated in millions) 2022 2021 2020 North America $ 5,995 $ 4,466 $ 5,478 Latin America 5,661 4,459 3,472 Europe/CIS/Africa 7,201 5,778 5,963 Middle East & Asia 9,033 8,059 8,567 Eliminations & other 201 167 121 $ 28,091 $ 22,929 $ 23,601 |
Summary of North America and International Revenue Disaggregated by Segment | North America and International revenue disaggregated by segment was as follows: (Stated in millions) 2022 North America International Other Total Digital & Integration $ 1,069 $ 2,651 $ 5 $ 3,725 Reservoir Performance 455 5,091 7 5,553 Well Construction 2,311 8,875 211 11,397 Production Systems 2,176 5,675 11 7,862 Eliminations & other (16 ) (397 ) (33 ) (446 ) $ 5,995 $ 21,895 $ 201 $ 28,091 (Stated in millions) 2021 North America International Other Total Digital & Integration $ 812 $ 2,474 $ 4 $ 3,290 Reservoir Performance 329 4,266 4 4,599 Well Construction 1,485 7,025 196 8,706 Production Systems 1,832 4,865 13 6,710 Eliminations & other 8 (334 ) (50 ) (376 ) $ 4,466 $ 18,296 $ 167 $ 22,929 (Stated in millions) 2020 North America International Other Total Digital & Integration $ 573 $ 2,487 $ 7 $ 3,067 Reservoir Performance 1,547 4,043 12 5,602 Well Construction 1,453 6,965 196 8,614 Production Systems 1,921 4,702 27 6,650 Eliminations & other (16 ) (195 ) (121 ) (332 ) $ 5,478 $ 18,002 $ 121 $ 23,601 |
Fixed Assets Less Accumulated Depreciation by Geographic Area | Fixed Assets less accumulated depreciation by geographic area was as follows: (Stated in millions ) 2022 2021 North America $ 1,459 $ 1,368 Latin America 913 868 Europe/CIS/Africa 1,668 1,690 Middle East & Asia 2,099 2,049 Unallocated 468 454 $ 6,607 $ 6,429 |
Pension and Other Benefit Pla_2
Pension and Other Benefit Plans (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
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 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 2022 2021 2020 2022 2021 2020 Discount rate 3.00 % 2.60 % 3.30 % 2.83 % 2.38 % 3.27 % Compensation increases 4.00 % 4.00 % 4.00 % 4.83 % 4.82 % 4.83 % Return on plan assets 4.40 % 6.60 % 6.60 % 5.05 % 6.73 % 6.71 % |
Net Pension Cost (Credit) for Schlumberger Pension Plans and US Postretirement Medical Plan | Net pension cost (credit) included the following components: (Stated in millions) US International 2022 2021 2020 2022 2021 2020 Service cost $ 37 $ 44 $ 55 $ 101 $ 117 $ 140 Interest cost 137 127 148 298 267 301 Expected return on plan assets (202 ) (254 ) (233 ) (530 ) (640 ) (591 ) Amortization of prior service cost - - 8 - - - Amortization of net loss 5 44 41 80 227 159 $ (23 ) $ (39 ) $ 19 $ (51 ) $ (29 ) $ 9 The net periodic benefit credit for the US postretirement medical plan included the following components: (Stated in millions) 2022 2021 2020 Service cost $ 23 $ 28 $ 31 Interest cost 33 32 36 Expected return on plan assets (38 ) (73 ) (70 ) Amortization of prior service credit (23 ) (23 ) (25 ) Amortization of net loss (10 ) - - Curtailment gain - - (69 ) $ (15 ) $ (36 ) $ (97 ) |
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 2022 2021 2022 2021 Discount rate 5.50 % 3.00 % 5.41 % 2.83 % Compensation increases 4.00 % 4.00 % 4.84 % 4.83 % |
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 2022 2021 2022 2021 Change in Projected Benefit Obligations: Projected benefit obligation at beginning of year $ 4,668 $ 4,940 $ 10,618 $ 11,140 Service cost 37 44 101 117 Interest cost 137 127 298 267 Contribution by plan participants - - 47 53 Actuarial gains (1,152 ) (211 ) (3,140 ) (586 ) Currency effect - - (148 ) (18 ) Benefits paid (375 ) (232 ) (363 ) (355 ) Other - - 185 - Projected benefit obligation at end of year $ 3,315 $ 4,668 $ 7,598 $ 10,618 Change in Plan Assets: Plan assets at fair value at beginning of year $ 4,696 $ 4,776 $ 11,221 $ 10,493 Actual return on plan assets (933 ) 145 (2,834 ) 1,040 Currency effect - - (188 ) (28 ) Company contributions 8 7 18 18 Contributions by plan participants - - 47 53 Benefits paid (375 ) (232 ) (363 ) (355 ) Other - - 225 - Plan assets at fair value at end of year $ 3,396 $ 4,696 $ 8,126 $ 11,221 Asset $ 81 $ 28 $ 528 $ 603 Amounts Recognized in Balance Sheet: Postretirement Benefits $ (151 ) $ (212 ) $ (14 ) $ (19 ) Other Assets 232 240 542 622 $ 81 $ 28 $ 528 $ 603 Amounts Recognized in Accumulated Other Comprehensive Loss: Actuarial losses $ 255 $ 276 $ 1,366 $ 1,174 Accumulated benefit obligation $ 3,221 $ 4,484 $ 7,454 $ 10,370 |
Weighted-Average Allocation of Plan Assets and Target Allocation by Asset Category | Actuarial gains arising during each of 2022 and 2021 were primarily attributable to increases in the discount rate used to determine the PBO. The weighted-average allocation of plan assets as of December 31, 2022 and 2021 and the target allocations by asset category as of December 31, 2022 were as follows: US International Target 2022 2021 Target 2022 2021 Cash and cash equivalents 0 - 3 % 2 % 2 % 0 - 5 % 2 % 3 % Equity securities 0 - 5 - 5 10 - 20 10 23 Debt securities 80 - 90 83 84 50 - 60 56 53 Private equity and real estate 5 - 12 11 8 15 - 22 19 13 Private debt 2 - 8 4 1 9 - 15 13 8 100 % 100 % 100 % 100 % 100 % 100 % |
Fair Value of Schlumberger's Pension Plan Assets | The fair value of SLB’s pension plan assets at December 31, 2022 and 2021, 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 2022 2021 Level Level Level Level Level Level Total One Two Three Total One Two Three Asset Category: Cash and Cash Equivalents $ 81 $ 77 $ 4 $ - $ 68 $ 61 $ 7 $ - Equity Securities: US 3 - 3 - 212 196 16 - International - - - - 49 48 1 - Debt Securities: Corporate bonds 1,775 - 1,775 - 2,583 - 2,583 - Government and related debt securities 1,014 157 857 - 1,353 199 1,154 - Mortgage and asset-based securities 29 - 29 - - - - - Alternative Investments: Private equity 291 - - 291 293 - - 293 Private debt 124 - - 124 39 - - 39 Real estate 79 - - 79 99 - - 99 Total $ 3,396 $ 234 $ 2,668 $ 494 $ 4,696 $ 504 $ 3,761 $ 431 (Stated in millions) International Plan Assets 2022 2021 Level Level Level Level Level Level Total One Two Three Total One Two Three Asset Category: Cash and Cash Equivalents $ 170 $ 163 $ 7 $ - $ 362 $ 353 $ 9 $ - Equity Securities: US 580 497 83 - 1,909 1,600 309 - International 273 273 - - 717 717 - - Debt Securities: Corporate bonds 2,224 - 2,224 - 2,859 - 2,859 - Government and related debt securities 2,283 336 1,947 - 2,390 221 2,169 - Mortgage and asset-based securities 13 - 13 - 644 - 644 - Alternative Investments: Private equity 1,362 - - 1,362 1,284 - - 1,284 Private debt 1,041 - - 1,041 869 - - 869 Real estate 180 - - 180 187 - - 187 Total $ 8,126 $ 1,269 $ 4,274 $ 2,583 $ 11,221 $ 2,891 $ 5,990 $ 2,340 |
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 2022 2021 2022 2021 2020 Discount rate 5.50 % 3.00 % 3.00 % 2.60 % 3.30 % Return on plan assets - - 2.94 % 6.21 % 6.21 % Current medical cost trend rate 7.50 % 6.75 % 6.75 % 7.00 % 7.25 % Ultimate medical cost trend rate 4.50 % 4.50 % 4.50 % 4.50 % 4.50 % Year that the rate reaches the ultimate trend rate 2035 2031 2031 2031 2031 |
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) 2022 2021 Change in Accumulated Postretirement Benefit Obligation: Benefit obligation at beginning of year $ 1,146 $ 1,234 Service cost 23 28 Interest cost 33 32 Contribution by plan participants 9 10 Actuarial gains (338 ) (95 ) Benefits paid (65 ) (63 ) Benefit obligation at end of year $ 808 $ 1,146 Change in Plan Assets: Plan assets at fair value at beginning of year $ 1,318 $ 1,356 Actual return on plan assets (323 ) 15 Contributions by plan participants 8 10 Benefits paid (65 ) (63 ) Plan assets at fair value at end of year $ 938 $ 1,318 Asset $ 130 $ 172 Amounts Recognized in Accumulated Other Comprehensive Loss: Actuarial gains $ 199 $ 225 Prior service credit 59 81 $ 258 $ 306 |
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 are as follows: (Stated in millions) Pension Plans Postretirement US International Medical Plan 2023 $ 226 $ 390 $ 51 2024 $ 227 $ 399 $ 51 2025 $ 228 $ 412 $ 52 2026 $ 230 $ 425 $ 52 2027 $ 231 $ 432 $ 54 2028-2032 $ 1,168 $ 2,376 $ 296 |
Supplementary Information (Tabl
Supplementary Information (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Segment Reporting [Abstract] | |
Cash Paid (Refunded) for Interest and Income Taxes | Cash paid for interest and income taxes was as follows: (Stated in millions) 2022 2021 2020 Interest $ 562 $ 560 $ 598 Income tax $ 716 $ 591 $ 582 |
Interest and Other Income, Net | Interest and other income, net includes the following: (Stated in millions) 2022 2021 2020 Gain on sale of Liberty shares * $ 325 $ 28 $ - Loss on Blue Chip Swap transactions * (139 ) - - Gain on ADC equity investment * 107 - - Earnings of equity method investments 164 40 91 Interest income 99 33 33 Gain on sale of real estate * 43 - - Gain on repurchase of bonds * 11 - - Unrealized gain on marketable securities * - 47 39 Gain on sale of OneStim * - - 104 $ 610 $ 148 $ 267 * See Note 3 – Charges and Credits |
Components of Depreciation and Amortization Expense | The components of depreciation and amortization expense were as follows: (Stated in millions) 2022 2021 2020 Depreciation of fixed assets $ 1,368 $ 1,402 $ 1,625 Amortization of APS investments 368 305 396 Amortization of intangible assets 301 302 371 Amortization of exploration data costs 110 111 174 $ 2,147 $ 2,120 $ 2,566 |
Change in Allowance for Doubtful Accounts | The change in Allowance for doubtful accounts (Stated in millions) 2022 2021 2020 Balance at beginning of year $ 319 $ 301 $ 255 Additions 54 47 58 Amounts written off (33 ) (29 ) (12 ) Balance at end of year $ 340 $ 319 $ 301 |
Summary of Other Assets | Other Assets consist of the following: (Stated in millions) 2022 2021 Investments in APS projects $ 2,023 $ 1,786 Pension and other postretirement plan assets 904 1,034 Operating lease assets 538 553 Exploration data costs capitalized 141 154 Fair value of hedge contracts 1 66 Other 363 590 $ 3,970 $ 4,183 |
Accounts Payable and Accrued Liabilities | Accounts payable and accrued liabilities consist of the following: (Stated in millions) 2022 2021 Trade $ 3,921 $ 3,205 Payroll, vacation and employee benefits 1,493 1,377 Billings and cash collections in excess of revenue 1,157 1,088 Other 2,550 2,712 $ 9,121 $ 8,382 |
Business Description - Addition
Business Description - Additional Information (Detail) | Dec. 31, 2022 Country |
Organization Consolidation And Presentation Of Financial Statements [Abstract] | |
Number of countries | 100 |
Summary of Accounting Policie_3
Summary of Accounting Policies - Additional Information (Detail) $ in Billions | 12 Months Ended |
Dec. 31, 2022 USD ($) Country | |
Organization And Summary Of Significant Accounting Policies [Line Items] | |
Total backlog | $ | $ 3 |
Percentage of revenue expected to be recognized over next 12 months | 60% |
Number of reportable segments accounted for greater than 10% of accounts receivable | Country | 0 |
Minimum | |
Organization And Summary Of Significant Accounting Policies [Line Items] | |
Revenue recognition period | 30 days |
Maximum | |
Organization And Summary Of Significant Accounting Policies [Line Items] | |
Revenue recognition period | 60 days |
Accounts Receivable | United States | Customer Concentration Risk | |
Organization And Summary Of Significant Accounting Policies [Line Items] | |
Concentration risk, percentage | 13% |
Accounts Receivable | Mexico | Customer Concentration Risk | |
Organization And Summary Of Significant Accounting Policies [Line Items] | |
Concentration risk, percentage | 14% |
Summary of Accounting Policie_4
Summary of Accounting Policies - Reconciliation of Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Net Income (Loss) Attributable to Schlumberger | |||
Basic | $ 3,441 | $ 1,881 | $ (10,518) |
Diluted | $ 3,441 | $ 1,881 | $ (10,518) |
Average Shares Outstanding | |||
Basic | 1,416 | 1,400 | 1,390 |
Dilutive impact of stock options and restricted stock | 21 | 27 | |
Diluted | 1,437 | 1,427 | 1,390 |
Earnings (Loss) per Share | |||
Basic | $ 2.43 | $ 1.34 | $ (7.57) |
Diluted | $ 2.39 | $ 1.32 | $ (7.57) |
Summary of Accounting Policie_5
Summary of Accounting Policies - Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Detail) - shares shares in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Employee Stock Options | |||
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items] | |||
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount | 25 | 42 | 48 |
Unvested Restricted Stock | |||
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items] | |||
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount | 19 |
Charges and Credits - Summary o
Charges and Credits - Summary of Charges and Credits (Detail) - USD ($) $ in Millions | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2022 | Jun. 30, 2022 | Mar. 31, 2022 | Dec. 31, 2021 | Sep. 30, 2021 | Dec. 31, 2020 | Sep. 30, 2020 | Jun. 30, 2020 | Mar. 31, 2020 | Dec. 31, 2022 | Dec. 31, 2020 | |
Charges And Credits [Line Items] | |||||||||||
Charges and credits, Pretax Credit | $ (347) | ||||||||||
Charges and credits, Tax Expense | (44) | ||||||||||
Charges and credits, Net | $ (303) | ||||||||||
Interest And Other | |||||||||||
Charges And Credits [Line Items] | |||||||||||
Charges and credits, Pretax Credit | $ (65) | ||||||||||
Charges and credits, Tax Expense | (15) | ||||||||||
Charges and credits, Net | (50) | ||||||||||
Interest And Other | Gain On Sale Of Liberty Shares | |||||||||||
Charges And Credits [Line Items] | |||||||||||
Charges and credits, Pretax Credit | $ (84) | $ (215) | $ (26) | (28) | |||||||
Charges and credits, Tax Expense | (19) | (14) | (4) | (4) | |||||||
Charges and credits, Net | (65) | (201) | $ (22) | (24) | |||||||
Interest And Other | Gain On Sale Of Real Estate | |||||||||||
Charges And Credits [Line Items] | |||||||||||
Charges and credits, Pretax Credit | (43) | ||||||||||
Charges and credits, Tax Expense | (2) | ||||||||||
Charges and credits, Net | $ (41) | ||||||||||
Interest And Other | Loss On Blue Chip Swap Transactions | |||||||||||
Charges And Credits [Line Items] | |||||||||||
Charges and credits, Pretax Credit | 139 | ||||||||||
Charges and credits, Net | 139 | ||||||||||
Interest And Other | Gain On ADC Equity Investment | |||||||||||
Charges And Credits [Line Items] | |||||||||||
Charges and credits, Pretax Credit | (107) | ||||||||||
Charges and credits, Tax Expense | (3) | ||||||||||
Charges and credits, Net | (104) | ||||||||||
Interest And Other | Gain On Repurchase Of Bonds | |||||||||||
Charges And Credits [Line Items] | |||||||||||
Charges and credits, Pretax Credit | (11) | ||||||||||
Charges and credits, Tax Expense | (2) | ||||||||||
Charges and credits, Net | $ (9) | ||||||||||
Interest And Other | Early Repayment of Bonds | |||||||||||
Charges And Credits [Line Items] | |||||||||||
Charges and credits, Pretax Credit | 10 | ||||||||||
Charges and credits, Net | $ 10 | ||||||||||
Interest And Other | Unrealized Gain On Available For Sale Marketable Securities | |||||||||||
Charges And Credits [Line Items] | |||||||||||
Charges and credits, Pretax Credit | $ (47) | ||||||||||
Charges and credits, Tax Expense | (11) | ||||||||||
Charges and credits, Net | $ (36) | ||||||||||
Impairment and Other | |||||||||||
Charges And Credits [Line Items] | |||||||||||
Charges and credits, Pretax Credit | $ 12,515 | ||||||||||
Charges and credits, Tax Expense | 1,041 | ||||||||||
Charges and credits, Net | $ 11,474 | ||||||||||
Impairment and Other | Unrealized Gain On Available For Sale Marketable Securities | |||||||||||
Charges And Credits [Line Items] | |||||||||||
Charges and credits, Pretax Credit | $ (39) | ||||||||||
Charges and credits, Tax Expense | (9) | ||||||||||
Charges and credits, Net | (30) | ||||||||||
Impairment and Other | Goodwill | |||||||||||
Charges And Credits [Line Items] | |||||||||||
Charges and credits, Pretax Credit | $ 3,070 | ||||||||||
Charges and credits, Net | 3,070 | ||||||||||
Impairment and Other | Intangible assets impairment | |||||||||||
Charges And Credits [Line Items] | |||||||||||
Charges and credits, Pretax Credit | 3,321 | ||||||||||
Charges and credits, Tax Expense | 815 | ||||||||||
Charges and credits, Net | 2,506 | ||||||||||
Impairment and Other | Asset Performance Solutions Investments | |||||||||||
Charges And Credits [Line Items] | |||||||||||
Charges and credits, Pretax Credit | $ 730 | 1,264 | |||||||||
Charges and credits, Tax Expense | 15 | (4) | |||||||||
Charges and credits, Net | 715 | 1,268 | |||||||||
Impairment and Other | North America pressure pumping asset impairments | |||||||||||
Charges And Credits [Line Items] | |||||||||||
Charges and credits, Pretax Credit | 587 | ||||||||||
Charges and credits, Tax Expense | 133 | ||||||||||
Charges and credits, Net | 454 | ||||||||||
Impairment and Other | Workforce reductions | |||||||||||
Charges And Credits [Line Items] | |||||||||||
Charges and credits, Pretax Credit | $ 63 | 1,021 | 202 | ||||||||
Charges and credits, Tax Expense | 71 | 7 | |||||||||
Charges and credits, Net | 63 | 950 | 195 | ||||||||
Impairment and Other | Other | |||||||||||
Charges And Credits [Line Items] | |||||||||||
Charges and credits, Pretax Credit | 62 | 33 | 60 | 79 | |||||||
Charges and credits, Tax Expense | 4 | 1 | 4 | 9 | |||||||
Charges and credits, Net | 58 | 32 | 56 | 70 | |||||||
Impairment and Other | Valuation allowance | |||||||||||
Charges And Credits [Line Items] | |||||||||||
Charges and credits, Tax Expense | (164) | ||||||||||
Charges and credits, Net | $ 164 | ||||||||||
Impairment and Other | Fixed Asset Impairment | |||||||||||
Charges And Credits [Line Items] | |||||||||||
Charges and credits, Pretax Credit | 666 | ||||||||||
Charges and credits, Tax Expense | 52 | ||||||||||
Charges and credits, Net | 614 | ||||||||||
Impairment and Other | Inventory Write Down | |||||||||||
Charges And Credits [Line Items] | |||||||||||
Charges and credits, Pretax Credit | 603 | ||||||||||
Charges and credits, Tax Expense | 49 | ||||||||||
Charges and credits, Net | 554 | ||||||||||
Impairment and Other | Right Of Use Asset Impairments | |||||||||||
Charges And Credits [Line Items] | |||||||||||
Charges and credits, Pretax Credit | 311 | ||||||||||
Charges and credits, Tax Expense | 67 | ||||||||||
Charges and credits, Net | 244 | ||||||||||
Impairment and Other | Costs Associated With Exiting Certain Activities1 | |||||||||||
Charges And Credits [Line Items] | |||||||||||
Charges and credits, Pretax Credit | 205 | ||||||||||
Charges and credits, Tax Expense | (25) | ||||||||||
Charges and credits, Net | 230 | ||||||||||
Impairment and Other | Exploration Data Impairment | |||||||||||
Charges And Credits [Line Items] | |||||||||||
Charges and credits, Pretax Credit | 156 | ||||||||||
Charges and credits, Tax Expense | 2 | ||||||||||
Charges and credits, Net | 154 | ||||||||||
Impairment and Other | Repurchase of bonds | |||||||||||
Charges And Credits [Line Items] | |||||||||||
Charges and credits, Pretax Credit | 40 | ||||||||||
Charges and credits, Tax Expense | 2 | ||||||||||
Charges and credits, Net | 38 | ||||||||||
Impairment and Other | Postretirement Benefits Curtailment Gain | |||||||||||
Charges And Credits [Line Items] | |||||||||||
Charges and credits, Pretax Credit | (69) | ||||||||||
Charges and credits, Tax Expense | (16) | ||||||||||
Charges and credits, Net | $ (53) | ||||||||||
Impairment and Other | Facility exit charges | |||||||||||
Charges And Credits [Line Items] | |||||||||||
Charges and credits, Pretax Credit | 254 | ||||||||||
Charges and credits, Tax Expense | 39 | ||||||||||
Charges and credits, Net | $ 215 | ||||||||||
Impairment and Other | Gain on sale of OneStim | |||||||||||
Charges And Credits [Line Items] | |||||||||||
Charges and credits, Pretax Credit | (104) | ||||||||||
Charges and credits, Tax Expense | (11) | ||||||||||
Charges and credits, Net | $ (93) |
Charges and Credits - Additiona
Charges and Credits - Additional Information (Detail) shares in Millions, $ in Millions | 1 Months Ended | 3 Months Ended | 12 Months Ended | ||||||||||
Nov. 30, 2021 USD ($) | Dec. 31, 2022 USD ($) | Jun. 30, 2022 USD ($) | Dec. 31, 2021 USD ($) shares | Sep. 30, 2021 USD ($) | Dec. 31, 2020 USD ($) | Sep. 30, 2020 USD ($) | Jun. 30, 2020 USD ($) Emp | Mar. 31, 2020 USD ($) Unit | Dec. 31, 2022 USD ($) shares | Dec. 31, 2021 | Dec. 31, 2020 USD ($) | ||
Charges And Credits [Line Items] | |||||||||||||
Received proceeds from sale of shares | $ 120 | ||||||||||||
Gains on sales of businesses | $ 139 | $ 43 | |||||||||||
Investments, fair value | $ 55 | ||||||||||||
Percentage of exchange rate | 93 | 93 | |||||||||||
Debt instrument, repurchase amount | $ 790 | $ 790 | |||||||||||
Gain on repurchase of debt instrument | 11 | 11 | [1] | ||||||||||
Unrealized gain on investments pretax | $ 47 | ||||||||||||
Charges and credits | (303) | ||||||||||||
Goodwill impairment charge | $ 3,100 | ||||||||||||
Expected increase/decrease in discount rate assumption | 50% | ||||||||||||
Number of reporting units fair value to be impacted | Unit | 7 | ||||||||||||
Intangible assets | $ 3,300 | ||||||||||||
Debt instrument premium paid on repurchase | $ 40 | ||||||||||||
Impact of curtailment | $ (69) | ||||||||||||
Postretirement medical plan | |||||||||||||
Charges And Credits [Line Items] | |||||||||||||
Impact of curtailment | 69 | $ 69 | |||||||||||
Carrying Value Of Impaired Intangible Asset | |||||||||||||
Charges And Credits [Line Items] | |||||||||||||
Intangible assets | 900 | ||||||||||||
Carrying Value Of Impaired Intangible Asset | North America | |||||||||||||
Charges And Credits [Line Items] | |||||||||||||
Intangible assets | 1,300 | ||||||||||||
North America pressure pumping asset impairments | North America | |||||||||||||
Charges And Credits [Line Items] | |||||||||||||
Intangible assets | 600 | ||||||||||||
Severance | |||||||||||||
Charges And Credits [Line Items] | |||||||||||||
Intangible assets | 202 | ||||||||||||
Other Restructuring | |||||||||||||
Charges And Credits [Line Items] | |||||||||||||
Intangible assets | 79 | ||||||||||||
Valuation allowance | North America | |||||||||||||
Charges And Credits [Line Items] | |||||||||||||
Intangible assets | 164 | ||||||||||||
Workforce reductions | |||||||||||||
Charges And Credits [Line Items] | |||||||||||||
Intangible assets | $ 1,021 | ||||||||||||
Reduction in workforce | Emp | 21,000 | ||||||||||||
Restructuring Charges | $ 63 | ||||||||||||
Asset Performance Solutions Investments | Latin America | |||||||||||||
Charges And Credits [Line Items] | |||||||||||||
Intangible assets | $ 730 | ||||||||||||
Fixed Asset Impairment | |||||||||||||
Charges And Credits [Line Items] | |||||||||||||
Intangible assets | 666 | ||||||||||||
Inventory Write Down | |||||||||||||
Charges And Credits [Line Items] | |||||||||||||
Intangible assets | 603 | ||||||||||||
Right Of Use Asset Impairments | |||||||||||||
Charges And Credits [Line Items] | |||||||||||||
Intangible assets | 311 | ||||||||||||
Costs Associated With Exiting Certain Activities1 | |||||||||||||
Charges And Credits [Line Items] | |||||||||||||
Intangible assets | 205 | ||||||||||||
Multiclient Seismic Data Impairment | |||||||||||||
Charges And Credits [Line Items] | |||||||||||||
Intangible assets | 156 | ||||||||||||
Other | |||||||||||||
Charges And Credits [Line Items] | |||||||||||||
Intangible assets | 60 | ||||||||||||
Restructuring Charges | 33 | ||||||||||||
Allowance For Doubtful Accounts | |||||||||||||
Charges And Credits [Line Items] | |||||||||||||
Intangible assets | 42 | ||||||||||||
Facility exit charges | |||||||||||||
Charges And Credits [Line Items] | |||||||||||||
Restructuring Charges | $ 254 | ||||||||||||
Cameron | |||||||||||||
Charges And Credits [Line Items] | |||||||||||||
Intangible assets | 2,200 | ||||||||||||
Smith International Inc Smith Aand Geoservices | |||||||||||||
Charges And Credits [Line Items] | |||||||||||||
Intangible assets | $ 1,100 | ||||||||||||
Maximum | |||||||||||||
Charges And Credits [Line Items] | |||||||||||||
Discount rate utilized | 13.50% | ||||||||||||
Expected percentage change in fair value of reporting units | 5% | ||||||||||||
Minimum | |||||||||||||
Charges And Credits [Line Items] | |||||||||||||
Discount rate utilized | 12% | ||||||||||||
3.75% Senior Notes due 2024 | |||||||||||||
Charges And Credits [Line Items] | |||||||||||||
Debt instrument, repurchase amount | $ 395 | $ 395 | |||||||||||
Debt instrument interest rate | 3.75% | 3.75% | 3.75% | 3.75% | |||||||||
Debt instrument maturity date | 2024 | 2024 | 2024 | ||||||||||
4.00% Senior Notes due 2025 | |||||||||||||
Charges And Credits [Line Items] | |||||||||||||
Debt instrument, repurchase amount | $ 409 | $ 409 | |||||||||||
Debt instrument interest rate | 4% | 4% | |||||||||||
Debt instrument maturity date | 2025 | ||||||||||||
2.40% Senior Notes due 2022 | |||||||||||||
Charges And Credits [Line Items] | |||||||||||||
Debt instrument interest rate | 2.40% | ||||||||||||
Debt instrument maturity date | 2022 | ||||||||||||
Deposit in trustee | $ 1,000 | ||||||||||||
Charges and credits | $ 10 | ||||||||||||
4.20% Senior Notes due 2021 | |||||||||||||
Charges And Credits [Line Items] | |||||||||||||
Debt instrument, repurchase amount | $ 600 | ||||||||||||
Debt instrument interest rate | 4.20% | ||||||||||||
Debt instrument maturity date | 2021 | ||||||||||||
3.30% Senior Notes due 2021 | |||||||||||||
Charges And Credits [Line Items] | |||||||||||||
Debt instrument, repurchase amount | $ 935 | ||||||||||||
Debt instrument interest rate | 3.30% | ||||||||||||
Debt instrument maturity date | 2021 | ||||||||||||
Liberty Energy Inc | |||||||||||||
Charges And Credits [Line Items] | |||||||||||||
Shares issued | shares | 47.8 | ||||||||||||
Received proceeds from sale of shares | $ 730 | ||||||||||||
Gains on sales of businesses | $ 325 | ||||||||||||
Percentage of equity ownership interest | 5% | 5% | |||||||||||
Investments, fair value | $ 144 | $ 144 | |||||||||||
Arabian Drilling Company | |||||||||||||
Charges And Credits [Line Items] | |||||||||||||
Received proceeds from sale of shares | 223 | ||||||||||||
Gains on sales of businesses | 107 | ||||||||||||
Investments, fair value | 556 | 556 | |||||||||||
Equity method investment market value | $ 930 | $ 930 | |||||||||||
Arabian Drilling Company | Maximum | |||||||||||||
Charges And Credits [Line Items] | |||||||||||||
Percentage of equity ownership interest | 49% | 49% | |||||||||||
Arabian Drilling Company | Minimum | |||||||||||||
Charges And Credits [Line Items] | |||||||||||||
Percentage of equity ownership interest | 34% | 34% | |||||||||||
Liberty Oilfield Services Inc | |||||||||||||
Charges And Credits [Line Items] | |||||||||||||
Shares issued | shares | 9.5 | ||||||||||||
Received proceeds from sale of shares | $ 109 | ||||||||||||
Gains on sales of businesses | $ 28 | $ 104 | |||||||||||
Percentage of equity ownership interest | 37% | 37% | |||||||||||
Investments, fair value | $ 43 | $ 43 | |||||||||||
Unrealized Gain on Investments | 39 | ||||||||||||
Disposition | $ 62 | ||||||||||||
[1]See Note 3 – Charges and Credits |
Inventories - Summary of Invent
Inventories - Summary of Inventory (Detail) - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Inventory Disclosure [Abstract] | ||
Raw materials & field materials | $ 2,085 | $ 1,594 |
Work in progress | 547 | 425 |
Finished goods | 1,367 | 1,253 |
Inventories | $ 3,999 | $ 3,272 |
Fixed Assets - Summary of Fixed
Fixed Assets - Summary of Fixed Assets (Detail) - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Property Plant And Equipment [Line Items] | ||
Fixed assets gross | $ 28,386 | $ 29,077 |
Less: Accumulated depreciation | 21,779 | 22,648 |
Fixed assets less accumulated depreciation | 6,607 | 6,429 |
Land | ||
Property Plant And Equipment [Line Items] | ||
Fixed assets gross | 326 | 372 |
Buildings & improvements | ||
Property Plant And Equipment [Line Items] | ||
Fixed assets gross | 4,328 | 4,371 |
Machinery & equipment | ||
Property Plant And Equipment [Line Items] | ||
Fixed assets gross | $ 23,732 | $ 24,334 |
Fixed Assets - Additional Infor
Fixed Assets - Additional Information (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Property Plant And Equipment [Line Items] | |||
Depreciation expense relating to fixed assets | $ 1,368 | $ 1,402 | $ 1,625 |
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 |
Goodwill - Changes in Carrying
Goodwill - Changes in Carrying Amount of Goodwill (Detail) - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Goodwill [Line Items] | ||
Goodwill, Beginning Balance | $ 12,990 | $ 12,980 |
Acquisitions | 18 | |
Translation and other | (8) | (8) |
Goodwill, Ending Balance | 12,982 | 12,990 |
Production Systems | ||
Goodwill [Line Items] | ||
Goodwill, Beginning Balance | 853 | 853 |
Goodwill, Ending Balance | 853 | 853 |
Operating Segments | Digital Integration | ||
Goodwill [Line Items] | ||
Goodwill, Beginning Balance | 2,052 | 2,047 |
Acquisitions | 18 | |
Translation and other | (8) | (13) |
Goodwill, Ending Balance | 2,044 | 2,052 |
Operating Segments | Reservoir Performance | ||
Goodwill [Line Items] | ||
Goodwill, Beginning Balance | 3,804 | 3,802 |
Translation and other | 2 | |
Goodwill, Ending Balance | 3,804 | 3,804 |
Operating Segments | Well Construction | ||
Goodwill [Line Items] | ||
Goodwill, Beginning Balance | 6,281 | 6,278 |
Translation and other | 3 | |
Goodwill, Ending Balance | $ 6,281 | $ 6,281 |
Intangible Assets - Schedule of
Intangible Assets - Schedule of Intangible Assets by Major Class (Detail) - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Finite Lived Intangible Assets [Line Items] | ||
Gross Book Value | $ 5,384 | $ 5,289 |
Accumulated Amortization | 2,392 | 2,078 |
Net Book Value | 2,992 | 3,211 |
Customer Relationships | ||
Finite Lived Intangible Assets [Line Items] | ||
Gross Book Value | 1,680 | 1,681 |
Accumulated Amortization | 631 | 551 |
Net Book Value | 1,049 | 1,130 |
Technology/Technical Know-How | ||
Finite Lived Intangible Assets [Line Items] | ||
Gross Book Value | 1,280 | 1,264 |
Accumulated Amortization | 676 | 562 |
Net Book Value | 604 | 702 |
Tradenames | ||
Finite Lived Intangible Assets [Line Items] | ||
Gross Book Value | 767 | 766 |
Accumulated Amortization | 222 | 191 |
Net Book Value | 545 | 575 |
Other | ||
Finite Lived Intangible Assets [Line Items] | ||
Gross Book Value | 1,657 | 1,578 |
Accumulated Amortization | 863 | 774 |
Net Book Value | $ 794 | $ 804 |
Intangible Assets - Additional
Intangible Assets - Additional Information (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Finite Lived Intangible Assets [Line Items] | |||
Estimated amortization charged to income, 2023 | $ 289 | ||
Estimated amortization charged to income, 2024 | 281 | ||
Estimated amortization charged to income, 2025 | 265 | ||
Estimated amortization charged to income, 2026 | 260 | ||
Estimated amortization charged to income, 2027 | 253 | ||
Amortization expense | $ 301 | $ 302 | $ 371 |
Customer Relationships | Minimum | |||
Finite Lived Intangible Assets [Line Items] | |||
Finite-Lived Intangible Asset, Useful Life | 18 years | ||
Customer Relationships | Maximum | |||
Finite Lived Intangible Assets [Line Items] | |||
Finite-Lived Intangible Asset, Useful Life | 28 years | ||
Technology/Technical Know-How | Minimum | |||
Finite Lived Intangible Assets [Line Items] | |||
Finite-Lived Intangible Asset, Useful Life | 10 years | ||
Technology/Technical Know-How | Maximum | |||
Finite Lived Intangible Assets [Line Items] | |||
Finite-Lived Intangible Asset, Useful Life | 18 years | ||
Tradenames | Minimum | |||
Finite Lived Intangible Assets [Line Items] | |||
Finite-Lived Intangible Asset, Useful Life | 15 years | ||
Tradenames | Maximum | |||
Finite Lived Intangible Assets [Line Items] | |||
Finite-Lived Intangible Asset, Useful Life | 30 years |
Long-term Debt and Debt Facil_3
Long-term Debt and Debt Facility Agreements - Long-term Debt (Detail) - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | $ 10,594 | $ 13,286 |
3.90% Senior Notes due 2028 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 1,464 | 1,457 |
2.65% Senior Notes due 2030 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 1,250 | 1,250 |
1.375% Guaranteed Notes due 2026 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 1,061 | 1,125 |
2.00% Guaranteed Notes due 2032 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 1,055 | 1,118 |
0.25% Notes due 2027 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 955 | 1,013 |
0.50% Notes due 2031 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 954 | 1,012 |
4.30% Senior Notes due 2029 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 847 | 846 |
1.00% Guaranteed Notes due 2026 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 635 | 679 |
0.00% Notes due 2024 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 531 | 563 |
4.00% Senior Notes due 2025 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 522 | 930 |
1.40% Senior Notes due 2025 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 499 | 498 |
3.75% Senior Notes due 2024 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 355 | 748 |
7.00% Notes due 2038 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 202 | 204 |
5.95% Notes due 2041 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 112 | 113 |
5.13% Notes due 2043 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 98 | 98 |
3.70% Notes due 2024 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | $ 54 | 55 |
3.65% Senior Notes due 2023 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | 1,497 | |
4.00% Notes due 2023 | ||
Debt Instrument [Line Items] | ||
Long-term debt, carrying amount | $ 80 |
Long-term Debt and Debt Facil_4
Long-term Debt and Debt Facility Agreements - Long-term Debt (Parenthetical) (Detail) | 3 Months Ended | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | |
3.90% Senior Notes due 2028 | |||
Debt Instrument [Line Items] | |||
Debt instrument interest rate | 3.90% | 3.90% | 3.90% |
Debt instrument maturity date | 2028 | 2028 | |
2.65% Senior Notes due 2030 | |||
Debt Instrument [Line Items] | |||
Debt instrument interest rate | 2.65% | 2.65% | 2.65% |
Debt instrument maturity date | 2030 | 2030 | |
1.375% Guaranteed Notes due 2026 | |||
Debt Instrument [Line Items] | |||
Debt instrument interest rate | 1.375% | 1.375% | 1.375% |
Debt instrument maturity date | 2026 | 2026 | |
2.00% Guaranteed Notes due 2032 | |||
Debt Instrument [Line Items] | |||
Debt instrument interest rate | 2% | 2% | 2% |
Debt instrument maturity date | 2032 | 2032 | |
0.25% Notes due 2027 | |||
Debt Instrument [Line Items] | |||
Debt instrument interest rate | 0.25% | 0.25% | 0.25% |
Debt instrument maturity date | 2027 | 2027 | |
0.50% Notes due 2031 | |||
Debt Instrument [Line Items] | |||
Debt instrument interest rate | 0.50% | 0.50% | 0.50% |
Debt instrument maturity date | 2031 | 2031 | |
4.30% Senior Notes due 2029 | |||
Debt Instrument [Line Items] | |||
Debt instrument interest rate | 4.30% | 4.30% | 4.30% |
Debt instrument maturity date | 2029 | 2029 | |
1.00% Guaranteed Notes due 2026 | |||
Debt Instrument [Line Items] | |||
Debt instrument interest rate | 1% | 1% | 1% |
Debt instrument maturity date | 2026 | 2026 | |
0.00% Notes due 2024 | |||
Debt Instrument [Line Items] | |||
Debt instrument interest rate | 0% | 0% | 0% |
Debt instrument maturity date | 2024 | 2024 | |
4.00% Senior Notes due 2025 | |||
Debt Instrument [Line Items] | |||
Debt instrument interest rate | 4% | 4% | 4% |
Debt instrument maturity date | 2025 | 2025 | |
1.40% Senior Notes due 2025 | |||
Debt Instrument [Line Items] | |||
Debt instrument interest rate | 1.40% | 1.40% | 1.40% |
Debt instrument maturity date | 2025 | 2025 | |
3.75% Senior Notes due 2024 | |||
Debt Instrument [Line Items] | |||
Debt instrument interest rate | 3.75% | 3.75% | 3.75% |
Debt instrument maturity date | 2024 | 2024 | 2024 |
7.00% Notes due 2038 | |||
Debt Instrument [Line Items] | |||
Debt instrument interest rate | 7% | 7% | 7% |
Debt instrument maturity date | 2038 | 2038 | |
5.95% Notes due 2041 | |||
Debt Instrument [Line Items] | |||
Debt instrument interest rate | 5.95% | 5.95% | 5.95% |
Debt instrument maturity date | 2041 | 2041 | |
5.13% Notes due 2043 | |||
Debt Instrument [Line Items] | |||
Debt instrument interest rate | 5.13% | 5.13% | 5.13% |
Debt instrument maturity date | 2043 | 2043 | |
3.70% Notes due 2024 | |||
Debt Instrument [Line Items] | |||
Debt instrument interest rate | 3.70% | 3.70% | 3.70% |
Debt instrument maturity date | 2024 | 2024 | |
3.65% Senior Notes due 2023 | |||
Debt Instrument [Line Items] | |||
Debt instrument interest rate | 3.65% | 3.65% | 3.65% |
Debt instrument maturity date | 2023 | 2023 | |
4.00% Notes due 2023 | |||
Debt Instrument [Line Items] | |||
Debt instrument interest rate | 4% | 4% | 4% |
Debt instrument maturity date | 2023 | 2023 |
Long-term Debt and Debt Facil_5
Long-term Debt and Debt Facility Agreements - Additional Information (Detail) € in Millions, $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 USD ($) | Dec. 31, 2022 EUR (€) | Dec. 31, 2021 USD ($) | |
Debt Instrument [Line Items] | |||
Committed credit facility agreement aggregated | $ 5,750 | ||
Long-term Debt maturity in 2024 | 900 | ||
Long-term Debt maturity in 2025 | 1,000 | ||
Long-term Debt maturity in 2026 | 1,700 | ||
Long-term Debt maturity in 2027 | 1,000 | ||
Long-term Debt maturity in 2028 | 1,500 | ||
Long-term Debt maturity in 2029 | 800 | ||
Long-term Debt maturity thereafter | 3,700 | ||
Long-term debt, fair value | 9,400 | $ 13,900 | |
Commercial paper programs mature in February 2024 | |||
Debt Instrument [Line Items] | |||
Committed credit facility agreement aggregated | 750 | ||
Commercial paper programs mature in February 2025 | |||
Debt Instrument [Line Items] | |||
Committed credit facility agreement aggregated | 2,000 | ||
Commercial paper programs mature in July 2026 | |||
Debt Instrument [Line Items] | |||
Committed credit facility agreement aggregated | 1,000 | ||
Commercial paper programs mature in February 2027 | |||
Debt Instrument [Line Items] | |||
Committed credit facility agreement aggregated | 2,000 | ||
Commercial paper borrowings | |||
Debt Instrument [Line Items] | |||
Long-term debt | $ 0 | $ 0 | |
Revolving Credit Facility | |||
Debt Instrument [Line Items] | |||
Committed credit facility agreement aggregated | € | € 750 | ||
Credit facility extended period | 3 years | ||
Credit facility extended date | Jun. 30, 2024 |
Derivative Instruments and He_3
Derivative Instruments and Hedging Activities - Additional Information (Detail) € in Billions | 6 Months Ended | 12 Months Ended | ||||
Jun. 30, 2022 | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) | Dec. 31, 2020 EUR (€) | Dec. 31, 2019 EUR (€) | |
Derivative [Line Items] | ||||||
Percentage of revenue denominated in domestic currency | 72% | |||||
Denominated debt issued | $ 500,000,000 | € 1.5 | ||||
Percentage of derivative contracts of oil price | 70% | 75% | ||||
Transaction gains (losses) of hedging activities | $ | $ 96,000,000 | $ 23,000,000 | $ 21,000,000 | |||
Fair value of outstanding derivatives | $ | $ 0 | $ 0 | ||||
0.00% Notes due 2024 | ||||||
Derivative [Line Items] | ||||||
Notes, face amount | € 0.5 | |||||
Derivative swap interest rate | 0% | |||||
Promissory note interest rate | 0% | 0% | ||||
0.25% Notes due 2027 | ||||||
Derivative [Line Items] | ||||||
Notes, face amount | € 0.4 | € 0.5 | ||||
Derivative swap interest rate | 0.25% | 0.25% | 0.25% | |||
Promissory note interest rate | 0.25% | 0.25% | ||||
0.50% Notes due 2031 | ||||||
Derivative [Line Items] | ||||||
Notes, face amount | € 0.4 | € 0.5 | ||||
Derivative swap interest rate | 0.50% | 0.50% | 0.50% | |||
Promissory note interest rate | 0.50% | 0.50% | ||||
Euro-denominated Notes | ||||||
Derivative [Line Items] | ||||||
Denominated debt issued | € 0.8 | |||||
Euro-denominated Guaranteed Notes | ||||||
Derivative [Line Items] | ||||||
Denominated debt issued | 2 | |||||
1.375% Guaranteed Notes due 2026 | ||||||
Derivative [Line Items] | ||||||
Notes, face amount | € 1 | |||||
Derivative swap interest rate | 1.375% | 1.375% | ||||
2.00% Guaranteed Notes due 2032 | ||||||
Derivative [Line Items] | ||||||
Notes, face amount | € 1 | |||||
Derivative swap interest rate | 2% | 2% | ||||
1.40% Senior Notes due 2025 | ||||||
Derivative [Line Items] | ||||||
Notes, face amount | $ | $ 500,000,000 | |||||
Derivative swap interest rate | 1.40% | 1.40% | ||||
Promissory note interest rate | 1.40% | 1.40% | ||||
Cross currency interest rate swaps | 0.00% Notes due 2024 | ||||||
Derivative [Line Items] | ||||||
Promissory note interest rate | 2.29% | |||||
Cross currency interest rate swaps | 0.25% Notes due 2027 | ||||||
Derivative [Line Items] | ||||||
Promissory note interest rate | 1.87% | 1.87% | 2.51% | |||
Cross currency interest rate swaps | 0.50% Notes due 2031 | ||||||
Derivative [Line Items] | ||||||
Promissory note interest rate | 2.20% | 2.20% | 2.76% | |||
Cross currency interest rate swaps | 1.375% Guaranteed Notes due 2026 | ||||||
Derivative [Line Items] | ||||||
Promissory note interest rate | 2.77% | 2.77% | ||||
Cross currency interest rate swaps | 2.00% Guaranteed Notes due 2032 | ||||||
Derivative [Line Items] | ||||||
Promissory note interest rate | 3.49% | 3.49% | ||||
Cross currency interest rate swaps | 1.40% Senior Notes due 2025 | ||||||
Derivative [Line Items] | ||||||
Promissory note interest rate | 1.73% | 1.73% | ||||
Foreign exchange contracts | ||||||
Derivative [Line Items] | ||||||
Notional amount of interest rate swap | $ | $ 2,100,000,000 | $ 1,700,000,000 |
Derivative Instruments and He_4
Derivative Instruments and Hedging Activities - Summary of Derivatives Included in the Consolidated Balance Sheet (Detail) - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Derivative [Line Items] | ||
Derivative Asset, Statement of Financial Position [Extensible Enumeration] | Other Assets | Other Assets |
Other Liabilities, Noncurrent | Other Liabilities | Other Liabilities |
Cross currency interest rate swaps | ||
Derivative [Line Items] | ||
Derivative Asset, Statement of Financial Position [Extensible Enumeration] | Other current assets | Other current assets |
Derivative assets | $ 1 | $ 66 |
Derivative liability | $ 326 | $ 78 |
Derivative Instruments and He_5
Derivative Instruments and Hedging Activities - Effect of Derivative Instruments Designated as Fair Value Hedges and Not Designated as Hedges on Consolidated Statement of Income (Loss) (Detail) - Cash Flow Hedging - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Derivatives designated as hedges | |||
Derivative Instruments Gain Loss [Line Items] | |||
Gain (Loss) Recognized in Income (Loss) | $ (459) | $ (500) | $ 425 |
Derivatives designated as hedges | Cross currency interest rate swaps | Cost of services/sales | |||
Derivative Instruments Gain Loss [Line Items] | |||
Gain (Loss) Recognized in Income (Loss) | (254) | (422) | 493 |
Derivatives designated as hedges | Cross currency interest rate swaps | Interest expense | |||
Derivative Instruments Gain Loss [Line Items] | |||
Gain (Loss) Recognized in Income (Loss) | (88) | (83) | (63) |
Derivatives designated as hedges | Commodity contracts | Revenue | |||
Derivative Instruments Gain Loss [Line Items] | |||
Gain (Loss) Recognized in Income (Loss) | (87) | ||
Derivatives designated as hedges | Foreign exchange contracts | Cost of services/sales | |||
Derivative Instruments Gain Loss [Line Items] | |||
Gain (Loss) Recognized in Income (Loss) | (30) | 5 | (5) |
Derivatives not designated as hedges | Foreign exchange contracts | Cost of services/sales | |||
Derivative Instruments Gain Loss [Line Items] | |||
Gain (Loss) Recognized in Income (Loss) | $ 42 | $ (11) | $ (29) |
Stockholders' Equity - Addition
Stockholders' Equity - Additional Information (Detail) - $ / shares | Dec. 31, 2022 | Dec. 31, 2021 |
Equity [Abstract] | ||
Common stock, shares authorized | 4,500,000,000 | |
Common stock, par value | $ 0.01 | |
Common stock, shares outstanding | 1,420,188,492 | 1,403,381,685 |
Preferred stock, shares authorized | 200,000,000 | |
Preferred stock, par value | $ 0.01 | |
Preferred stock, issued | 0 |
Stockholders' Equity - Schedule
Stockholders' Equity - Schedule of Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Accumulated Other Comprehensive Income Loss [Line Items] | |||
Accumulated other comprehensive loss | $ (3,855) | $ (3,570) | $ (4,884) |
Currency Translation Adjustments | |||
Accumulated Other Comprehensive Income Loss [Line Items] | |||
Accumulated other comprehensive loss | (2,444) | (2,419) | (2,502) |
Pension and Other Postretirement Benefit Plans | |||
Accumulated Other Comprehensive Income Loss [Line Items] | |||
Accumulated other comprehensive loss | (1,295) | (1,066) | (2,314) |
Cash Flow Hedges | |||
Accumulated Other Comprehensive Income Loss [Line Items] | |||
Accumulated other comprehensive loss | $ (116) | $ (85) | (70) |
Other | |||
Accumulated Other Comprehensive Income Loss [Line Items] | |||
Accumulated other comprehensive loss | $ 2 |
Stock-based Compensation Plan_2
Stock-based Compensation Plans - Additional Information (Detail) - USD ($) $ in Millions | 6 Months Ended | 12 Months Ended | ||||
Dec. 31, 2022 | Jun. 30, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||||||
Stock options granted during period | 7,000,000 | |||||
Intrinsic value of stock options outstanding | $ 133 | $ 133 | ||||
Intrinsic value of stock options exercisable | 49 | 49 | ||||
Total unrecognized compensation cost related to nonvested stock-based compensation arrangements | $ 275 | 275 | ||||
Expected to be recognized in 2023 | 172 | |||||
Expected to be recognized in 2024 | 87 | |||||
Expected to be recognized in 2025 | 12 | |||||
Expected to be recognized in 2026 | $ 4 | |||||
Future Grants Shares | 36,000,000 | 36,000,000 | ||||
Performance Shares | ||||||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||||||
Performance shares outstanding | 3,900,000 | 3,900,000 | ||||
Performance Shares | Achievement Exceeds Predefined Target | Maximum | ||||||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||||||
Performance shares to be awarded as a percentage of total target award | 250% | |||||
Performance Shares | Achievement Falls Below Threshold | ||||||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||||||
Performance shares to be awarded | 0 | |||||
Restricted Stock | ||||||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||||||
Performance shares to be awarded | 7,000,000 | 8,000,000 | 11,000,000 | |||
Performance shares outstanding | 18,000,000 | 18,000,000 | 22,000,000 | 19,000,000 | 12,000,000 | |
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 | 85% | 92.50% | ||||
Employee Stock Option | ||||||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||||||
Stock option maximum term | 10 years | |||||
Stock options vesting period | over five years | |||||
Weighted-average remaining contractual life of stock options exercisable, in years | 2 years 10 months 24 days |
Stock-based Compensation Plan_3
Stock-based Compensation Plans - Restricted Stock Activity (Detail) - Restricted Stock - $ / shares shares in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Unvested at beginning of year, Restricted Stock | 22 | 19 | 12 |
Granted, Restricted Stock | 7 | 8 | 11 |
Adjustments for performance achieved, Restricted Stock | 2 | ||
Vested, Restricted Stock | (13) | (5) | (3) |
Forfeited, Restricted Stock | (1) | ||
Unvested at year-end, Restricted Stock | 18 | 22 | 19 |
Unvested at beginning of year, Weighted-Average Grant Date Fair Value | $ 29.03 | $ 35.24 | $ 49.86 |
Granted, Weighted-Average Grant Date Fair Value | 36.16 | 25.16 | 26.53 |
Adjustments for performance achieved, Weighted-Average Grant Date Fair Value | 35.55 | ||
Vested, Weighted-Average Grant Date Fair Value | 32.42 | 48.44 | 71.56 |
Forfeited, Weighted-Average Grant Date Fair Value | 45.95 | ||
Unvested at year-end, Weighted-Average Grant Date Fair Value | $ 30.24 | $ 29.03 | $ 35.24 |
Stock-based Compensation Plan_4
Stock-based Compensation Plans - Discounted Stock Purchase Plan Assumptions and Resulting Weighted Average Fair Value (Detail) - DSPP - $ / shares | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Dividend yield | 1.80% | 2% | 4% |
Expected volatility | 47% | 67% | 43% |
Risk-free interest rate | 1.32% | 0.07% | 0.88% |
Weighted-average fair value per share | $ 8.05 | $ 6.72 | $ 5.38 |
Stock-based Compensation Plan_5
Stock-based Compensation Plans - Summary of Stock Option Activity (Detail) - $ / shares shares in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | |||
Outstanding at beginning of year, Shares | 42 | 48 | 46 |
Granted, Shares | 7 | ||
Exercised, Shares | (2) | ||
Forfeited/Expired, Shares | (5) | (6) | (5) |
Outstanding at year-end, Shares | 35 | 42 | 48 |
Outstanding at beginning of year, Weighted-Average Exercise Price | $ 68.95 | $ 70.37 | $ 75.65 |
Granted, Weighted-Average Exercise Price | 38.75 | ||
Exercised, Weighted-Average Exercise Price | 40.04 | ||
Forfeited/Expired, Weighted Average Exercise Price | 71.45 | 80.46 | 71.86 |
Outstanding at year-end, Weighted-Average Exercise Price | $ 70.31 | $ 68.95 | $ 70.37 |
Stock-based Compensation Plan_6
Stock-based Compensation Plans - Options Outstanding and Option Exercisable (Detail) shares in Millions | 12 Months Ended |
Dec. 31, 2022 $ / shares shares | |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range [Line Items] | |
Options Outstanding | shares | 35 |
Options Outstanding, Weighted-Average Remaining Contractual Life (in years) | 3 years 7 months 6 days |
Options Outstanding, Weighted- Average Exercise Price | $ 70.31 |
Options Exercisable | shares | 29 |
Options Exercisable, Weighted-Average Exercise Price | $ 76.70 |
Exercise prices range $38.75 - $41.47 | |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range [Line Items] | |
Exercise prices minimum range | 38.75 |
Exercise prices maximum range | $ 41.47 |
Options Outstanding | shares | 10 |
Options Outstanding, Weighted-Average Remaining Contractual Life (in years) | 6 years 7 months 6 days |
Options Outstanding, Weighted- Average Exercise Price | $ 39.82 |
Options Exercisable | shares | 5 |
Options Exercisable, Weighted-Average Exercise Price | $ 40.19 |
Exercise prices range $47.55 - $69.98 | |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range [Line Items] | |
Exercise prices minimum range | 47.55 |
Exercise prices maximum range | $ 69.98 |
Options Outstanding | shares | 2 |
Options Outstanding, Weighted-Average Remaining Contractual Life (in years) | 2 years 9 months 18 days |
Options Outstanding, Weighted- Average Exercise Price | $ 62.30 |
Options Exercisable | shares | 2 |
Options Exercisable, Weighted-Average Exercise Price | $ 62.36 |
Exercise prices range $70.31 - $79.85 | |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range [Line Items] | |
Exercise prices minimum range | 70.31 |
Exercise prices maximum range | $ 79.85 |
Options Outstanding | shares | 9 |
Options Outstanding, Weighted-Average Remaining Contractual Life (in years) | 2 years |
Options Outstanding, Weighted- Average Exercise Price | $ 74.27 |
Options Exercisable | shares | 8 |
Options Exercisable, Weighted-Average Exercise Price | $ 74.15 |
Exercise prices range $80.53 - $88.77 | |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range [Line Items] | |
Exercise prices minimum range | 80.53 |
Exercise prices maximum range | $ 88.77 |
Options Outstanding | shares | 8 |
Options Outstanding, Weighted-Average Remaining Contractual Life (in years) | 3 years 3 months 18 days |
Options Outstanding, Weighted- Average Exercise Price | $ 84.44 |
Options Exercisable | shares | 8 |
Options Exercisable, Weighted-Average Exercise Price | $ 84.45 |
Exercise prices range $91.28 - $114.83 | |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range [Line Items] | |
Exercise prices minimum range | 91.28 |
Exercise prices maximum range | $ 114.83 |
Options Outstanding | shares | 6 |
Options Outstanding, Weighted-Average Remaining Contractual Life (in years) | 1 year 8 months 12 days |
Options Outstanding, Weighted- Average Exercise Price | $ 96.22 |
Options Exercisable | shares | 6 |
Options Exercisable, Weighted-Average Exercise Price | $ 96.21 |
Stock-based Compensation Plan_7
Stock-based Compensation Plans - Stock-Based Compensation Expense Recognized in Income (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Stock-based compensation expense | $ 313 | $ 324 | $ 397 |
Employee Stock Options | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Stock-based compensation expense | 17 | 36 | 75 |
Restricted Stock | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Stock-based compensation expense | 255 | 254 | 293 |
DSPP | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Stock-based compensation expense | $ 41 | $ 34 | $ 29 |
Income Taxes - Income (Loss) Be
Income Taxes - Income (Loss) Before Taxes (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Income Tax Disclosure [Abstract] | |||
Income before taxes, United States | $ 600 | $ 30 | $ (4,394) |
Income before taxes, Outside United States | 3,671 | 2,344 | (6,904) |
Income (loss) before taxes | $ 4,271 | $ 2,374 | $ (11,298) |
Income Taxes- Additional Inform
Income Taxes- Additional Information (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Income Tax Disclosure [Line Items] | |||
Charges & credits | $ 347 | $ 65 | $ 12,515 |
Deferred tax assets operating loss indefinite carryforwards amount | 300 | ||
Net operating losses | 326 | 427 | |
Deferred tax assets, valuation allowances relating to net operating losses in certain countries | 111 | 133 | |
Accrued interest and penalties | $ 155 | 164 | 184 |
Minimum | |||
Income Tax Disclosure [Line Items] | |||
Deferred tax assets operating loss carryforwards expiration year | 2030 | ||
Maximum | |||
Income Tax Disclosure [Line Items] | |||
Deferred tax assets operating loss carryforwards expiration year | 2041 | ||
Domestic Country | |||
Income Tax Disclosure [Line Items] | |||
Charges & credits | $ 379 | 75 | 3,961 |
Foreign Country | |||
Income Tax Disclosure [Line Items] | |||
Charges & credits | $ 32 | $ 10 | $ 8,554 |
Income Taxes - Components of Ne
Income Taxes - Components of Net Deferred Tax Liabilities (Detail) - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Income Tax Disclosure [Abstract] | ||
Intangible assets | $ (780) | $ (855) |
Net operating losses | 326 | 427 |
Research and development credits | 129 | 118 |
Fixed assets, net | 101 | 151 |
Inventories | 45 | 58 |
Investments in non-US subsidiaries | (125) | (161) |
Pension and other postretirement benefits | (114) | (136) |
Other, net | 357 | 304 |
Net deferred tax assets (liabilities) | $ (61) | $ (94) |
Income Taxes - Deferred Tax Ass
Income Taxes - Deferred Tax Assets and Liabilities Valuation Allowances (Detail) - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Income Tax Disclosure [Abstract] | ||
Foreign tax credits | $ 181 | $ 210 |
Capital losses | $ 49 |
Income Taxes - Components of Ta
Income Taxes - Components of Tax Expense (Benefit) (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Current: | |||
United States-Federal | $ 2 | $ (32) | $ 21 |
United States-State | 3 | 5 | |
Outside United States | 813 | 509 | 410 |
Current Income Tax Expense (Benefit), Total | 818 | 477 | 436 |
Deferred: | |||
United States-Federal | 98 | (132) | (824) |
United States-State | 13 | 12 | (67) |
Outside United States | (70) | (15) | (563) |
Valuation allowance | (80) | 104 | 206 |
Deferred income taxes | (39) | (31) | (1,248) |
Consolidated taxes on (loss) income | $ 779 | $ 446 | $ (812) |
Income Taxes - Reconciliation o
Income Taxes - Reconciliation of US Statutory Federal Tax Rate (Detail) | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure Income Tax Reconciliation Of U S Statutory Federal Tax Rate Detail [Line Items] | |||
US federal statutory rate | 21% | 21% | 21% |
Other | (2.00%) | (2.00%) | |
Effective income tax rate | 18% | 19% | 7% |
Charges And Credits | |||
Disclosure Income Tax Reconciliation Of U S Statutory Federal Tax Rate Detail [Line Items] | |||
Charges and credits (See Note 3) | (1.00%) | (14.00%) |
Income Taxes - Reconciliation_2
Income Taxes - Reconciliation of Liabilities Associated with Uncertain Tax Provisions (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Income Tax Disclosure [Abstract] | |||
Balance at beginning of year | $ 1,001 | $ 1,271 | $ 1,301 |
Additions based on tax positions related to the current year | 41 | 38 | 76 |
Additions for tax positions of prior years | 64 | 19 | 78 |
Impact of changes in exchange rates | (38) | (24) | (3) |
Settlements with tax authorities | (37) | (49) | (15) |
Reductions for tax positions of prior years | (94) | (228) | (87) |
Reductions due to the lapse of statute of limitations | (44) | (26) | (79) |
Balance at end of year | $ 893 | $ 1,001 | $ 1,271 |
Income Taxes - Tax Years Subjec
Income Taxes - Tax Years Subject to Examination by Tax Authorities (Detail) | 12 Months Ended |
Dec. 31, 2022 | |
Canada | Earliest Tax Year | |
Income Tax Examination [Line Items] | |
Income tax examination, year(s) under examination | 2014 |
Canada | Latest Tax Year | |
Income Tax Examination [Line Items] | |
Income tax examination, year(s) under examination | 2022 |
Ecuador | Earliest Tax Year | |
Income Tax Examination [Line Items] | |
Income tax examination, year(s) under examination | 2018 |
Ecuador | Latest Tax Year | |
Income Tax Examination [Line Items] | |
Income tax examination, year(s) under examination | 2022 |
Mexico | Earliest Tax Year | |
Income Tax Examination [Line Items] | |
Income tax examination, year(s) under examination | 2013 |
Mexico | Latest Tax Year | |
Income Tax Examination [Line Items] | |
Income tax examination, year(s) under examination | 2022 |
Norway | Earliest Tax Year | |
Income Tax Examination [Line Items] | |
Income tax examination, year(s) under examination | 2017 |
Norway | Latest Tax Year | |
Income Tax Examination [Line Items] | |
Income tax examination, year(s) under examination | 2022 |
Russia | Earliest Tax Year | |
Income Tax Examination [Line Items] | |
Income tax examination, year(s) under examination | 2019 |
Russia | Latest Tax Year | |
Income Tax Examination [Line Items] | |
Income tax examination, year(s) under examination | 2022 |
Saudi Arabia | Earliest Tax Year | |
Income Tax Examination [Line Items] | |
Income tax examination, year(s) under examination | 2016 |
Saudi Arabia | Latest Tax Year | |
Income Tax Examination [Line Items] | |
Income tax examination, year(s) under examination | 2022 |
United Kingdom | Earliest Tax Year | |
Income Tax Examination [Line Items] | |
Income tax examination, year(s) under examination | 2017 |
United Kingdom | Latest Tax Year | |
Income Tax Examination [Line Items] | |
Income tax examination, year(s) under examination | 2022 |
United States | Earliest Tax Year | |
Income Tax Examination [Line Items] | |
Income tax examination, year(s) under examination | 2017 |
United States | Latest Tax Year | |
Income Tax Examination [Line Items] | |
Income tax examination, year(s) under examination | 2022 |
Leases - Additional Information
Leases - Additional Information (Detail) - USD ($) $ in Billions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Leases [Abstract] | |||
Total rental expense | $ 1.2 | $ 1.2 | $ 1.4 |
Operating lease, weighted average remaining lease term | 10 years | ||
Operating lease, weighted average discount rate, percent | 3.30% |
Leases - Maturities of Operatin
Leases - Maturities of Operating Lease Liabilities (Detail) $ in Millions | Dec. 31, 2022 USD ($) |
Operating Leased Assets [Line Items] | |
2023 | $ 165 |
2024 | 134 |
2025 | 105 |
2026 | 79 |
2027 | 67 |
Thereafter | 262 |
Total lease payments | 812 |
Less: Interest | (113) |
Operating lease, liability | 699 |
Accounts Payable and Accrued Liabilities | |
Operating Leased Assets [Line Items] | |
Operating lease, liability | 160 |
Other Liabilities | |
Operating Leased Assets [Line Items] | |
Operating lease, liability | $ 539 |
Segment Information - Schedule
Segment Information - Schedule of Segment Reporting Information, by Segment (Detail) - USD ($) $ in Millions | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | ||
Segment Reporting Information [Line Items] | ||||
Revenue | $ 28,091 | $ 22,929 | $ 23,601 | |
Pretax Income (Loss) | 4,271 | 2,374 | (11,298) | |
Assets | 43,135 | 41,511 | 42,434 | |
Depreciation and Amortization | [1] | 2,147 | 2,120 | 2,566 |
Capital Investments | 2,302 | 1,654 | 1,520 | |
Pretax segment operating income | 5,011 | 3,365 | 2,401 | |
Interest expense | 490 | 539 | 563 | |
Charges & credits | 347 | 65 | 12,515 | |
Digital Integration | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | 3,725 | 3,290 | 3,067 | |
Reservoir Performance | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | 5,553 | 4,599 | 5,602 | |
Well Construction | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | 11,397 | 8,706 | 8,614 | |
Production Systems | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | 7,862 | 6,710 | 6,650 | |
Operating Segments | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | 28,091 | 22,929 | 23,601 | |
Interest income | 72 | 2 | 2 | |
Interest expense | 13 | 15 | 28 | |
Operating Segments | Digital Integration | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | 3,725 | 3,290 | 3,067 | |
Pretax Income (Loss) | 1,357 | 1,141 | 727 | |
Assets | 3,132 | 3,134 | 3,595 | |
Depreciation and Amortization | 504 | 446 | 615 | |
Capital Investments | 689 | 516 | 413 | |
Operating Segments | Reservoir Performance | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | 5,553 | 4,599 | 5,602 | |
Pretax Income (Loss) | 881 | 648 | 353 | |
Assets | 3,159 | 2,923 | 3,489 | |
Depreciation and Amortization | 386 | 415 | 549 | |
Capital Investments | 478 | 348 | 384 | |
Operating Segments | Well Construction | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | 11,397 | 8,706 | 8,614 | |
Pretax Income (Loss) | 2,202 | 1,195 | 870 | |
Assets | 6,481 | 4,714 | 4,768 | |
Depreciation and Amortization | 524 | 537 | 580 | |
Capital Investments | 687 | 424 | 420 | |
Operating Segments | Production Systems | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | 7,862 | 6,710 | 6,650 | |
Pretax Income (Loss) | 748 | 634 | 623 | |
Assets | 5,603 | 4,684 | 4,665 | |
Depreciation and Amortization | 311 | 302 | 338 | |
Capital Investments | 346 | 267 | 240 | |
Eliminations & other | ||||
Segment Reporting Information [Line Items] | ||||
Revenue | (446) | (376) | (332) | |
Pretax Income (Loss) | (177) | (253) | (172) | |
Assets | 1,426 | 1,501 | 940 | |
Depreciation and Amortization | 271 | 269 | 276 | |
Capital Investments | 102 | 99 | 63 | |
Goodwill and intangible assets | 15,974 | 16,201 | 16,436 | |
Cash and short-term investments | 2,897 | 3,139 | 3,006 | |
All other assets | 4,463 | 5,215 | 5,535 | |
Corporate & other | [2] | (637) | (573) | (681) |
Interest income | [3] | 27 | 31 | 31 |
Interest expense | [4] | (477) | (514) | (534) |
Charges & credits | [5] | 347 | 65 | (12,515) |
Eliminations & other | Corporate and Other | ||||
Segment Reporting Information [Line Items] | ||||
Depreciation and Amortization | [2] | $ 151 | $ 151 | $ 208 |
[1]Includes depreciation of property, plant and equipment and amortization of intangible assets, exploration data costs and APS 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.[3]Interest income excludes amounts which are included in the segments’ income (2022: $72 million; 2021: $2 million; 2020: $2 million).[4]Interest expense excludes amounts which are included in the segments’ income (2022: $13 million; 2021: $15 million; 2020: $28 million) and $10 million interest expense included in Charges & credits in 2021.[5]See Note 3 – Charges and Credits |
Segment Information - Schedul_2
Segment Information - Schedule of Segment Reporting Information, by Segment (Parenthetical) (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Segment Reporting Information [Line Items] | |||
Interest expense | $ 490 | $ 539 | $ 563 |
Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Interest income | 72 | 2 | 2 |
Interest expense | $ 13 | 15 | $ 28 |
Operating Segments | Charges And Credits | |||
Segment Reporting Information [Line Items] | |||
Interest expense | $ 10 |
Segment Information - Revenue b
Segment Information - Revenue by Geographic Area (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Segment Reporting Information [Line Items] | |||
Revenue | $ 28,091 | $ 22,929 | $ 23,601 |
Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Revenue | 28,091 | 22,929 | 23,601 |
Operating Segments | North America | |||
Segment Reporting Information [Line Items] | |||
Revenue | 5,995 | 4,466 | 5,478 |
Operating Segments | Latin America | |||
Segment Reporting Information [Line Items] | |||
Revenue | 5,661 | 4,459 | 3,472 |
Operating Segments | Europe/CIS/Africa | |||
Segment Reporting Information [Line Items] | |||
Revenue | 7,201 | 5,778 | 5,963 |
Operating Segments | Middle East & Asia | |||
Segment Reporting Information [Line Items] | |||
Revenue | 9,033 | 8,059 | 8,567 |
Eliminations & other | |||
Segment Reporting Information [Line Items] | |||
Revenue | $ 201 | $ 167 | $ 121 |
Segment Information - Additiona
Segment Information - Additional Information (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Segment Reporting Information [Line Items] | |||
Revenue | $ 28,091 | $ 22,929 | $ 23,601 |
United States | |||
Segment Reporting Information [Line Items] | |||
Revenue | $ 4,600 | $ 3,400 | $ 4,500 |
Segment Information - Summary o
Segment Information - Summary of North America and International Revenue Disaggregated by Segment (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Segment Reporting Information [Line Items] | |||
Revenue | $ 28,091 | $ 22,929 | $ 23,601 |
Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Revenue | 28,091 | 22,929 | 23,601 |
North America | Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Revenue | 5,995 | 4,466 | 5,478 |
International | Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Revenue | 21,895 | 18,296 | 18,002 |
Other | Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Revenue | 201 | 167 | 121 |
Digital Integration | |||
Segment Reporting Information [Line Items] | |||
Revenue | 3,725 | 3,290 | 3,067 |
Digital Integration | Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Revenue | 3,725 | 3,290 | 3,067 |
Digital Integration | North America | Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Revenue | 1,069 | 812 | 573 |
Digital Integration | International | Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Revenue | 2,651 | 2,474 | 2,487 |
Digital Integration | Other | Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Revenue | 5 | 4 | 7 |
Reservoir Performance | |||
Segment Reporting Information [Line Items] | |||
Revenue | 5,553 | 4,599 | 5,602 |
Reservoir Performance | Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Revenue | 5,553 | 4,599 | 5,602 |
Reservoir Performance | North America | Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Revenue | 455 | 329 | 1,547 |
Reservoir Performance | International | Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Revenue | 5,091 | 4,266 | 4,043 |
Reservoir Performance | Other | Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Revenue | 7 | 4 | 12 |
Well Construction | |||
Segment Reporting Information [Line Items] | |||
Revenue | 11,397 | 8,706 | 8,614 |
Well Construction | Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Revenue | 11,397 | 8,706 | 8,614 |
Well Construction | North America | Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Revenue | 2,311 | 1,485 | 1,453 |
Well Construction | International | Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Revenue | 8,875 | 7,025 | 6,965 |
Well Construction | Other | Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Revenue | 211 | 196 | 196 |
Production Systems | |||
Segment Reporting Information [Line Items] | |||
Revenue | 7,862 | 6,710 | 6,650 |
Production Systems | Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Revenue | 7,862 | 6,710 | 6,650 |
Production Systems | North America | Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Revenue | 2,176 | 1,832 | 1,921 |
Production Systems | International | Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Revenue | 5,675 | 4,865 | 4,702 |
Production Systems | Other | Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Revenue | 11 | 13 | 27 |
Eliminations & Other | |||
Segment Reporting Information [Line Items] | |||
Revenue | (446) | (376) | (332) |
Eliminations & Other | North America | Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Revenue | (16) | 8 | (16) |
Eliminations & Other | International | Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Revenue | (397) | (334) | (195) |
Eliminations & Other | Other | Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Revenue | $ (33) | $ (50) | $ (121) |
Segment Information - Fixed Ass
Segment Information - Fixed Assets Less Accumulated Depreciation by Geographic Area (Detail) - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Segment Reporting Information [Line Items] | ||
Fixed Assets less accumulated depreciation | $ 6,607 | $ 6,429 |
Operating Segments | North America | ||
Segment Reporting Information [Line Items] | ||
Fixed Assets | 1,459 | 1,368 |
Operating Segments | Latin America | ||
Segment Reporting Information [Line Items] | ||
Fixed Assets | 913 | 868 |
Operating Segments | Europe | ||
Segment Reporting Information [Line Items] | ||
Fixed Assets | 1,668 | 1,690 |
Operating Segments | Middle East & Asia | ||
Segment Reporting Information [Line Items] | ||
Fixed Assets | 2,099 | 2,049 |
Unallocated | ||
Segment Reporting Information [Line Items] | ||
Fixed Assets | $ 468 | $ 454 |
Pension and Other Benefit Pla_3
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, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Defined Benefit Plan Disclosure [Line Items] | |||
Discount rate | 5.50% | 3% | |
United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Discount rate | 3% | 2.60% | 3.30% |
Compensation increases | 4% | 4% | 4% |
Return on plan assets | 4.40% | 6.60% | 6.60% |
International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Discount rate | 2.83% | 2.38% | 3.27% |
Compensation increases | 4.83% | 4.82% | 4.83% |
Return on plan assets | 5.05% | 6.73% | 6.71% |
Pension and Other Benefit Pla_4
Pension and Other Benefit Plans - Net Pension Cost (Credit) for Schlumberger Pension Plans and US Postretirement Medical Plan (Detail) - USD ($) $ in Millions | 3 Months Ended | 12 Months Ended | ||
Jun. 30, 2020 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Defined Benefit Plan Disclosure [Line Items] | ||||
Curtailment gain | $ 69 | |||
Postretirement medical plan | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Service cost | $ 23 | $ 28 | 31 | |
Interest cost | 33 | 32 | 36 | |
Expected return on plan assets | (38) | (73) | (70) | |
Amortization of prior service cost | (23) | (23) | (25) | |
Amortization of net loss | (10) | |||
Curtailment gain | $ (69) | (69) | ||
Total pension cost | (15) | (36) | (97) | |
United States | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Service cost | 37 | 44 | 55 | |
Interest cost | $ 137 | $ 127 | $ 148 | |
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Interest Cost, Statement of Income or Comprehensive Income [Extensible Enumeration] | Other Comprehensive Income Loss Reclassification Adjustment From A O C I Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax | Other Comprehensive Income Loss Reclassification Adjustment From A O C I Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax | Other Comprehensive Income Loss Reclassification Adjustment From A O C I Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax | |
Expected return on plan assets | $ (202) | $ (254) | $ (233) | |
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Expected Return (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] | Actuarial gain (loss) arising during the period | Actuarial gain (loss) arising during the period | Actuarial gain (loss) arising during the period | |
Amortization of prior service cost | $ 8 | |||
Amortization of net loss | $ 5 | $ 44 | $ 41 | |
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Amortization of Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] | Amortization to net income (loss) of net prior service credit | Amortization to net income (loss) of net prior service credit | Amortization to net income (loss) of net prior service credit | |
Total pension cost | $ (23) | $ (39) | $ 19 | |
International | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Service cost | 101 | 117 | 140 | |
Interest cost | $ 298 | $ 267 | $ 301 | |
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Interest Cost, Statement of Income or Comprehensive Income [Extensible Enumeration] | Other Comprehensive Income Loss Reclassification Adjustment From A O C I Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax | Other Comprehensive Income Loss Reclassification Adjustment From A O C I Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax | Other Comprehensive Income Loss Reclassification Adjustment From A O C I Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax | |
Expected return on plan assets | $ (530) | $ (640) | $ (591) | |
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Expected Return (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] | Actuarial gain (loss) arising during the period | Actuarial gain (loss) arising during the period | Actuarial gain (loss) arising during the period | |
Amortization of net loss | $ 80 | $ 227 | $ 159 | |
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Amortization of Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] | Amortization to net income (loss) of net prior service credit | Amortization to net income (loss) of net prior service credit | Amortization to net income (loss) of net prior service credit | |
Total pension cost | $ (51) | $ (29) | $ 9 |
Pension and Other Benefit Pla_5
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, 2022 | Dec. 31, 2021 |
United States | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Discount rate | 5.50% | 3% |
Compensation increases | 4% | 4% |
International | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Discount rate | 5.41% | 2.83% |
Compensation increases | 4.84% | 4.83% |
Pension and Other Benefit Pla_6
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, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Amounts Recognized in Balance Sheet: | |||
Postretirement Benefits | $ (165) | $ (231) | |
Other Assets | 904 | 1,034 | |
United States | |||
Change in Projected Benefit Obligations: | |||
Projected benefit obligation at beginning of year | 4,668 | 4,940 | |
Service cost | 37 | 44 | $ 55 |
Interest cost | 137 | 127 | 148 |
Actuarial gains | (1,152) | (211) | |
Benefits paid | (375) | (232) | |
Projected benefit obligation at end of year | 3,315 | 4,668 | 4,940 |
Change in Plan Assets: | |||
Plan assets at fair value at beginning of year | 4,696 | 4,776 | |
Actual return on plan assets | (933) | 145 | |
Company contributions | 8 | 7 | |
Benefits paid | (375) | (232) | |
Plan assets at fair value at end of year | 3,396 | 4,696 | 4,776 |
Asset | 81 | 28 | |
Amounts Recognized in Balance Sheet: | |||
Postretirement Benefits | (151) | (212) | |
Other Assets | 232 | 240 | |
Total of post retirement benefits | 81 | 28 | |
Amounts Recognized in Accumulated Other Comprehensive Loss: | |||
Actuarial losses | 255 | 276 | |
Accumulated benefit obligation | 3,221 | 4,484 | |
International | |||
Change in Projected Benefit Obligations: | |||
Projected benefit obligation at beginning of year | 10,618 | 11,140 | |
Service cost | 101 | 117 | 140 |
Interest cost | 298 | 267 | 301 |
Contribution by plan participants | 47 | 53 | |
Actuarial gains | (3,140) | (586) | |
Currency effect | (148) | (18) | |
Benefits paid | (363) | (355) | |
Other | 185 | ||
Projected benefit obligation at end of year | 7,598 | 10,618 | 11,140 |
Change in Plan Assets: | |||
Plan assets at fair value at beginning of year | 11,221 | 10,493 | |
Actual return on plan assets | (2,834) | 1,040 | |
Currency effect | (188) | (28) | |
Company contributions | 18 | 18 | |
Contributions by plan participants | 47 | 53 | |
Benefits paid | (363) | (355) | |
Other | 225 | ||
Plan assets at fair value at end of year | 8,126 | 11,221 | $ 10,493 |
Asset | 528 | 603 | |
Amounts Recognized in Balance Sheet: | |||
Postretirement Benefits | (14) | (19) | |
Other Assets | 542 | 622 | |
Total of post retirement benefits | 528 | 603 | |
Amounts Recognized in Accumulated Other Comprehensive Loss: | |||
Actuarial losses | 1,366 | 1,174 | |
Accumulated benefit obligation | $ 7,454 | $ 10,370 |
Pension and Other Benefit Pla_7
Pension and Other Benefit Plans - Weighted-Average Allocation of Plan Assets and Target Allocation by Asset Category (Detail) | Dec. 31, 2022 | Dec. 31, 2021 |
United States | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target allocation percentage of assets | 100% | |
Weighted-average allocation of plan assets | 100% | 100% |
International | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target allocation percentage of assets | 100% | |
Weighted-average allocation of plan assets | 100% | 100% |
Cash and cash equivalents | United States | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Weighted-average allocation of plan assets | 2% | 2% |
Cash and cash equivalents | United States | Minimum | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target allocation percentage of assets | 0% | |
Cash and cash equivalents | United States | Maximum | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target allocation percentage of assets | 3% | |
Cash and cash equivalents | International | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Weighted-average allocation of plan assets | 2% | 3% |
Cash and cash equivalents | International | Minimum | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target allocation percentage of assets | 0% | |
Cash and cash equivalents | International | Maximum | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target allocation percentage of assets | 5% | |
Equity securities | United States | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Weighted-average allocation of plan assets | 5% | |
Equity securities | United States | Minimum | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target allocation percentage of assets | 0% | |
Equity securities | United States | Maximum | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target allocation percentage of assets | 5% | |
Equity securities | International | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Weighted-average allocation of plan assets | 10% | 23% |
Equity securities | International | Minimum | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target allocation percentage of assets | 10% | |
Equity securities | International | Maximum | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target allocation percentage of assets | 20% | |
Debt securities | United States | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Weighted-average allocation of plan assets | 83% | 84% |
Debt securities | United States | Minimum | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target allocation percentage of assets | 80% | |
Debt securities | United States | Maximum | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target allocation percentage of assets | 90% | |
Debt securities | International | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Weighted-average allocation of plan assets | 56% | 53% |
Debt securities | International | Minimum | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target allocation percentage of assets | 50% | |
Debt securities | International | Maximum | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target allocation percentage of assets | 60% | |
Private equity and real estate | United States | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Weighted-average allocation of plan assets | 11% | 8% |
Private equity and real estate | United States | Minimum | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target allocation percentage of assets | 5% | |
Private equity and real estate | United States | Maximum | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target allocation percentage of assets | 12% | |
Private equity and real estate | International | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Weighted-average allocation of plan assets | 19% | 13% |
Private equity and real estate | International | Minimum | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target allocation percentage of assets | 15% | |
Private equity and real estate | International | Maximum | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target allocation percentage of assets | 22% | |
Private debt | United States | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Weighted-average allocation of plan assets | 4% | 1% |
Private debt | United States | Minimum | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target allocation percentage of assets | 2% | |
Private debt | United States | Maximum | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target allocation percentage of assets | 8% | |
Private debt | International | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Weighted-average allocation of plan assets | 13% | 8% |
Private debt | International | Minimum | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target allocation percentage of assets | 9% | |
Private debt | International | Maximum | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target allocation percentage of assets | 15% |
Pension and Other Benefit Pla_8
Pension and Other Benefit Plans - Additional Information (Detail) - USD ($) $ in Millions | 3 Months Ended | 12 Months Ended | |
Jun. 30, 2020 | Dec. 31, 2022 | Dec. 31, 2020 | |
Defined Benefit Plan Disclosure [Line Items] | |||
Frequency of asset performance monitored, years | 5 years | ||
Impact of curtailment | $ (69) | ||
Postretirement medical plan | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Impact of curtailment | $ 69 | $ 69 | |
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Settlement and Curtailment Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] | Other Comprehensive Income Loss Reclassification Adjustment From A O C I Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax | ||
Postretirement medical plan | Equity securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Investment of assets in government and government-related debt securities under US postretirement medical plan | 87% | ||
Postretirement medical plan | Government and related debt securities | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Investment of assets in government and government-related debt securities under US postretirement medical plan | 13% |
Pension and Other Benefit Pla_9
Pension and Other Benefit Plans - Fair Value of Schlumberger's Pension Plan Assets (Detail) - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | $ 3,396 | $ 4,696 | $ 4,776 |
International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 8,126 | 11,221 | $ 10,493 |
Level One | United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 234 | 504 | |
Level One | International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 1,269 | 2,891 | |
Level Two | United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 2,668 | 3,761 | |
Level Two | International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 4,274 | 5,990 | |
Level Three | United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 494 | 431 | |
Level Three | International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 2,583 | 2,340 | |
Cash and cash equivalents | United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 81 | 68 | |
Cash and cash equivalents | International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 170 | 362 | |
Cash and cash equivalents | Level One | United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 77 | 61 | |
Cash and cash equivalents | Level One | International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 163 | 353 | |
Cash and cash equivalents | Level Two | United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 4 | 7 | |
Cash and cash equivalents | Level Two | International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 7 | 9 | |
Equity securities | United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 3 | 212 | |
Equity securities | International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 580 | 1,909 | |
Equity securities | Level One | United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 196 | ||
Equity securities | Level One | International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 497 | 1,600 | |
Equity securities | Level Two | United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 3 | 16 | |
Equity securities | Level Two | International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 83 | 309 | |
Equity securities, International | United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 49 | ||
Equity securities, International | International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 273 | 717 | |
Equity securities, International | Level One | United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 48 | ||
Equity securities, International | Level One | International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 273 | 717 | |
Equity securities, International | Level Two | United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 1 | ||
Corporate bonds | United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 1,775 | 2,583 | |
Corporate bonds | International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 2,224 | 2,859 | |
Corporate bonds | Level Two | United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 1,775 | 2,583 | |
Corporate bonds | Level Two | International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 2,224 | 2,859 | |
Government and related debt securities | United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 1,014 | 1,353 | |
Government and related debt securities | International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 2,283 | 2,390 | |
Government and related debt securities | Level One | United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 157 | 199 | |
Government and related debt securities | Level One | International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 336 | 221 | |
Government and related debt securities | Level Two | United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 857 | 1,154 | |
Government and related debt securities | Level Two | International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 1,947 | 2,169 | |
Mortgage and asset-based securities | United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 29 | ||
Mortgage and asset-based securities | Level Two | United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 29 | ||
Private equity | United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 291 | 293 | |
Private equity | International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 1,362 | 1,284 | |
Private equity | Level Three | United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 291 | 293 | |
Private equity | Level Three | International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 1,362 | 1,284 | |
Private debt | United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 124 | 39 | |
Private debt | International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 1,041 | 869 | |
Private debt | Level Three | United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 124 | 39 | |
Private debt | Level Three | International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 1,041 | 869 | |
Real estate | United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 79 | 99 | |
Real estate | International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 180 | 187 | |
Real estate | Level Three | United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 79 | 99 | |
Real estate | Level Three | International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 180 | 187 | |
Mortgage and asset based securities | International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | 13 | 644 | |
Mortgage and asset based securities | Level Two | International | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Plan assets at fair value | $ 13 | $ 644 |
Pension and Other Benefit Pl_10
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, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Defined Benefit Plan Disclosure [Line Items] | |||
Discount rate | 5.50% | 3% | |
Current medical cost trend rate | 7.50% | 6.75% | |
Ultimate medical cost trend rate | 4.50% | 4.50% | |
Year that the rate reaches the ultimate trend rate | 2035 | 2031 | |
Postretirement medical plan | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Discount rate | 3% | 2.60% | 3.30% |
Return on plan assets | 2.94% | 6.21% | 6.21% |
Current medical cost trend rate | 6.75% | 7% | 7.25% |
Ultimate medical cost trend rate | 4.50% | 4.50% | 4.50% |
Year that the rate reaches the ultimate trend rate | 2031 | 2031 | 2031 |
Pension and Other Benefit Pl_11
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, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Change in Projected Benefit Obligations: | |||
Projected benefit obligation at beginning of year | $ 1,146 | $ 1,234 | |
Service cost | 23 | 28 | $ 31 |
Interest cost | 33 | 32 | 36 |
Contribution by plan participants | 9 | 10 | |
Actuarial gains | (338) | (95) | |
Benefits paid | (65) | (63) | |
Projected benefit obligation at end of year | 808 | 1,146 | 1,234 |
Change in Plan Assets: | |||
Plan assets at fair value at beginning of year | 1,318 | 1,356 | |
Actual return on plan assets | (323) | 15 | |
Contributions by plan participants | 8 | 10 | |
Benefits paid | (65) | (63) | |
Plan assets at fair value at end of year | 938 | 1,318 | $ 1,356 |
Asset | 130 | 172 | |
Amounts Recognized in Accumulated Other Comprehensive Loss: | |||
Actuarial losses | 199 | 225 | |
Prior service credit | 59 | 81 | |
Total amount recognized in accumulated other comprehensive income | $ 258 | $ 306 |
Pension and Other Benefit Pl_12
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, 2022 USD ($) |
Postretirement medical plan | |
Defined Benefit Plan Disclosure [Line Items] | |
2023 | $ 51 |
2024 | 51 |
2025 | 52 |
2026 | 52 |
2027 | 54 |
2028-2032 | 296 |
United States | |
Defined Benefit Plan Disclosure [Line Items] | |
2023 | 226 |
2024 | 227 |
2025 | 228 |
2026 | 230 |
2027 | 231 |
2028-2032 | 1,168 |
International | |
Defined Benefit Plan Disclosure [Line Items] | |
2023 | 390 |
2024 | 399 |
2025 | 412 |
2026 | 425 |
2027 | 432 |
2028-2032 | $ 2,376 |
Supplementary Information - Cas
Supplementary Information - Cash Paid (Refunded) for Interest and Income Taxes (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Segment Reporting [Abstract] | |||
Interest | $ 562 | $ 560 | $ 598 |
Income tax | $ 716 | $ 591 | $ 582 |
Supplementary Information - Int
Supplementary Information - Interest and Other Income, Net (Detail) - USD ($) $ in Millions | 3 Months Ended | 12 Months Ended | ||||
Dec. 31, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |||
Segment Reporting [Abstract] | ||||||
Gain on sale of Liberty shares | $ 325 | $ 28 | ||||
Loss on Blue Chip Swap transactions | [1] | (139) | ||||
Gain on ADC equity investment | [1] | 107 | ||||
Earnings of equity method investments | 164 | 40 | $ 91 | |||
Interest income | 99 | 33 | 33 | |||
Gain on sale of real estate | [1] | 43 | ||||
Gain on repurchase of debt instrument | $ 11 | 11 | [1] | |||
Unrealized gain on marketable securities | [1] | 47 | 39 | |||
Gain on sale of OneStim | [1] | 104 | ||||
Interest and other income, net | $ 610 | $ 148 | $ 267 | |||
[1]See Note 3 – Charges and Credits |
Supplementary Information - Com
Supplementary Information - Components of Depreciation and Amortization Expense (Detail) - USD ($) $ in Millions | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | ||
Segment Reporting [Abstract] | ||||
Depreciation expense relating to fixed assets | $ 1,368 | $ 1,402 | $ 1,625 | |
Amortization of APS investments | 368 | 305 | 396 | |
Amortization expense | 301 | 302 | 371 | |
Amortization of exploration data costs | 110 | 111 | 174 | |
Total depreciation and amortization expense | [1] | $ 2,147 | $ 2,120 | $ 2,566 |
[1]Includes depreciation of property, plant and equipment and amortization of intangible assets, exploration data costs and APS investments. |
Supplementary Information - Cha
Supplementary Information - Change in Allowance for Doubtful Accounts (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Segment Reporting [Abstract] | |||
Balance at beginning of year | $ 319 | $ 301 | $ 255 |
Additions | 54 | 47 | 58 |
Amounts written off | (33) | (29) | (12) |
Balance at end of year | $ 340 | $ 319 | $ 301 |
Supplementary Information - Add
Supplementary Information - Additional Information (Detail) - USD ($) $ in Billions | Dec. 31, 2022 | Dec. 31, 2021 |
Segment Reporting [Abstract] | ||
Revenue in excess of billings | $ 0.3 | $ 0.2 |
Supplementary Information - Sum
Supplementary Information - Summary of Other Assets (Detail) - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Segment Reporting [Abstract] | ||
Investments in APS projects | $ 2,023 | $ 1,786 |
Pension and other postretirement plan assets | 904 | 1,034 |
Operating lease assets | 538 | 553 |
Exploration data costs capitalized | 141 | 154 |
Fair value of hedge contracts | 1 | 66 |
Other | 363 | 590 |
Total other assets | $ 3,970 | $ 4,183 |
Supplementary Information - Acc
Supplementary Information - Accounts Payable and Accrued Liabilities (Detail) - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Segment Reporting [Abstract] | ||
Trade | $ 3,921 | $ 3,205 |
Payroll, vacation and employee benefits | 1,493 | 1,377 |
Billings and cash collections in excess of revenue | 1,157 | 1,088 |
Other | 2,550 | 2,712 |
Accounts payable and accrued liabilities | $ 9,121 | $ 8,382 |