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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2023
Income Tax Disclosure [Abstract]  
Income Before Taxes

Income before taxes subject to United States and non-United States income taxes was as follows:

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

2023

 

 

2022

 

 

2021

 

United States

$

355

 

 

$

600

 

 

$

30

 

Outside United States

 

4,927

 

 

 

3,671

 

 

 

2,344

 

$

5,282

 

 

$

4,271

 

$

2,374

 

Components of Net Deferred Tax Liabilities

The components of net deferred tax liabilities were as follows:

(Stated in millions)

 

 

 

 

 

 

 

 

2023

 

 

2022

 

Intangible assets

$

(844

)

 

$

(780

)

Net operating losses

 

214

 

 

 

326

 

Fixed assets, net

 

190

 

 

 

101

 

Research and development credits

 

162

 

 

 

129

 

Capitalized research and development costs

 

155

 

 

 

72

 

Pension and other postretirement benefits

 

(94

)

 

 

(114

)

Other, net

 

77

 

 

 

205

 

$

(140

)

 

$

(61

)

Deferred Tax Assets and Liabilities Valuation Allowances

The deferred tax balance at December 31, 2023 and 2022 was net of valuation allowances relating to the following:

 

(Stated in millions)

 

 

 

 

 

 

 

 

2023

 

 

2022

 

Foreign tax credits

$

188

 

 

$

181

 

Net operating losses

$

106

 

 

$

111

 

Components of Tax Expense

The components of Tax expense were as follows:

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

2023

 

 

2022

 

 

2021

 

Current:

 

 

 

 

 

 

 

 

United States-Federal

$

(23

)

 

$

2

 

 

$

(32

)

United States-State

 

5

 

 

 

3

 

 

 

-

 

Outside United States

 

997

 

 

 

813

 

 

 

509

 

 

979

 

 

 

818

 

 

 

477

 

Deferred:

 

 

 

 

 

United States-Federal

$

(77

)

 

$

98

 

 

$

(132

)

United States-State

 

6

 

 

 

13

 

 

 

12

 

Outside United States

 

104

 

 

 

(70

)

 

 

(15

)

Valuation allowance

 

(5

)

 

 

(80

)

 

 

104

 

 

28

 

 

 

(39

)

 

 

(31

)

$

1,007

 

 

$

779

 

 

$

446

 

Reconciliation of US Statutory Federal Tax Rate

A reconciliation of the United States statutory federal tax rate to the consolidated effective tax rate follows:

 

2023

 

 

2022

 

 

2021

 

US federal statutory rate

 

21

%

 

 

21

%

 

 

21

%

Charges and credits (See Note 3)

 

-

 

 

 

(1

)

 

 

-

 

Other

 

(2

)

 

 

(2

)

 

 

(2

)

 

19

%

 

 

18

%

 

 

19

%

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)

 

 

 

 

 

 

 

 

 

 

 

2023

 

 

2022

 

 

2021

 

Balance at beginning of year

$

893

 

 

$

1,001

 

 

$

1,271

 

Additions based on tax positions related to the current year

 

66

 

 

 

41

 

 

 

38

 

Additions for tax positions of prior years

 

91

 

 

 

64

 

 

 

19

 

Impact of changes in exchange rates

 

(25

)

 

 

(38

)

 

 

(24

)

Settlements with tax authorities

 

(36

)

 

 

(37

)

 

 

(49

)

Reductions for tax positions of prior years

 

(176

)

 

 

(94

)

 

 

(228

)

Reductions due to the lapse of statute of limitations

 

(30

)

 

 

(44

)

 

 

(26

)

 

$

783

 

 

$

893

 

 

$

1,001

 

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

2017 - 2023

Ecuador

2019 - 2023

Mexico

2016 - 2023

Norway

2018 - 2023

Russia

2021 - 2023

Saudi Arabia

2016 - 2023

United Kingdom

2017 - 2023

United States

2020 - 2023