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Business Segment and Geographic Information (Tables)
6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Information on business segments
The following table presents information on our business segments.
 Three Months Ended
June 30,
Six Months Ended
June 30,
Millions of dollars2024202320242023
Revenue:
Completion and Production$3,401 $3,476 $6,774 $6,885 
Drilling and Evaluation2,432 2,322 4,863 4,590 
Total revenue$5,833 $5,798 $11,637 $11,475 
Operating income:
Completion and Production$723 $707 $1,411 $1,373 
Drilling and Evaluation403 376 801 745 
Total operations1,126 1,083 2,212 2,118 
Corporate and other (a)(65)(59)(130)(117)
SAP S4 upgrade expense(29)(13)(63)(13)
Total operating income$1,032 $1,011 $2,019 $1,988 
Interest expense, net of interest income(92)(102)(184)(203)
Loss on Blue Chip Swap transactions (b)— (104)— (104)
Other, net (c)(20)(22)(128)(69)
Income before income taxes$920 $783 $1,707 $1,612 
(a)Includes certain expenses not attributable to a business segment, such as costs related to support functions, corporate executives, and operating lease assets, and also includes amortization expense associated with intangible assets recorded as a result of acquisitions.
(b)
The Central Bank of Argentina maintains currency controls that limit our ability to access U.S. dollars in Argentina and remit cash from our Argentine operations. Our execution of certain trades, known as Blue Chip Swaps, which effectively results in a parallel U.S. dollar exchange rate, resulted in a $104 million pre-tax loss during the three and six months ended June 30, 2023.
(c)
During the six months ended June 30, 2024, Halliburton incurred a charge of $82 million primarily due to the impairment of an investment in Argentina and currency devaluation in Egypt.