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Long-term Debt and Debt Facility Agreements
12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Long-term Debt and Debt Facility Agreements . Long-term Debt and Debt Facility Agreements

Long-term Debt consists of the following:

(Stated in millions)

 

 

 

 

 

 

 

 

2023

 

 

2022

 

3.90% Senior Notes due 2028

$

1,469

 

$

1,464

 

2.65% Senior Notes due 2030

 

1,250

 

 

 

1,250

 

1.375% Guaranteed Notes due 2026

 

1,104

 

 

 

1,061

 

2.00% Guaranteed Notes due 2032

 

1,098

 

 

 

1,055

 

0.25% Notes due 2027

 

994

 

 

 

955

 

0.50% Notes due 2031

 

992

 

 

 

954

 

4.30% Senior Notes due 2029

 

847

 

 

847

 

1.00% Guaranteed Notes due 2026

 

662

 

 

635

 

4.00% Senior Notes due 2025

 

523

 

 

522

 

1.40% Senior Notes due 2025

 

499

 

 

 

499

 

4.50% Senior Notes due 2028

 

497

 

 

 

-

 

4.85% Senior Notes due 2033

 

497

 

 

 

-

 

7.00% Notes due 2038

 

200

 

 

202

 

5.95% Notes due 2041

 

112

 

 

112

 

5.13% Notes due 2043

 

98

 

 

 

98

 

0.00% Notes due 2024

 

-

 

 

 

531

 

3.75% Senior Notes due 2024

 

-

 

 

355

 

3.70% Notes due 2024

 

-

 

 

 

54

 

$

10,842

 

$

10,594

 

At December 31, 2023, SLB had committed credit facility agreements with commercial banks aggregating $5.0 billion, all of which was available and unused. These committed facilities support commercial paper programs in the United States and Europe, of which $2.0 billion matures in February 2027 and $3.0 billion in December 2028.

 

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, 2023 and December 31, 2022, respectively.

 

Long-term Debt as of December 31, 2023 is due as follows: $1.0 billion in 2025, $1.8 billion in 2026, $1.0 billion in 2027, $2.0 billion in 2028, $0.8 billion in 2029 and $4.2 billion thereafter.

 

The fair value of SLB’s Long-term Debt at December 31, 2023 and December 31, 2022 was $10.2 billion and $9.4 billion, respectively, and was estimated based on quoted market prices.

 

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.