XML 24 R8.htm IDEA: XBRL DOCUMENT v3.22.1
Business Segment and Geographic Information
3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Segment Reporting Disclosure Business Segment InformationWe operate under two divisions, which form the basis for the two operating segments we report: the Completion and Production segment and the Drilling and Evaluation segment. Our equity in earnings and losses of unconsolidated affiliates that are accounted for using the equity method of accounting are included within cost of services and cost of sales on our statements of operations, which is part of operating income of the applicable segment.
The following table presents information on our business segments.
 Three Months Ended
March 31
Millions of dollars20222021
Revenue:  
Completion and Production$2,353 $1,870 
Drilling and Evaluation1,931 1,581 
Total revenue$4,284 $3,451 
Operating income:
Completion and Production$296 $252 
Drilling and Evaluation294 171 
Total operations590 423 
Corporate and other (a)(57)(53)
Impairments and other charges (b)(22)— 
Total operating income$511 $370 
Interest expense, net of interest income(107)(125)
Loss on early extinguishment of debt (c)(42)— 
Other, net(30)(22)
Income before income taxes$332 $223 
(a)Includes certain expenses not attributable to a business segment, such as costs related to support functions and corporate executives, and also includes amortization expense associated with intangible assets recorded as a result of acquisitions.
(b)
For the three months ended March 31, 2022, amount includes a $6 million charge attributable to Completions and Production, a $17 million charge attributable to Drilling and Evaluation, and a $1 million gain attributable to Corporate and other.
(c)
For the three months ended March 31, 2022, amount consists of a $42 million loss on the early redemption of senior notes.