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Long-term Debt
6 Months Ended
Jun. 30, 2024
Debt Disclosure [Abstract]  
Long-term Debt

7. Long-term Debt

Long-term Debt consists of the following:

 

(Stated in millions)

 

 

 

 

 

 

 

 

Jun. 30,

 

 

Dec. 31,

 

 

2024

 

 

2023

 

3.90% Senior Notes due 2028

$

1,473

 

$

1,469

 

2.65% Senior Notes due 2030

 

1,250

 

 

 

1,250

 

1.375% Guaranteed Notes due 2026

 

1,067

 

 

 

1,104

 

2.00% Guaranteed Notes due 2032

 

1,061

 

 

 

1,098

 

0.25% Notes due 2027

 

960

 

 

 

994

 

0.50% Notes due 2031

 

959

 

 

 

992

 

4.30% Senior Notes due 2029

 

847

 

 

847

 

1.00% Guaranteed Notes due 2026

 

640

 

 

662

 

4.00% Senior Notes due 2025

 

523

 

 

523

 

1.40% Senior Notes due 2025

 

499

 

 

 

499

 

4.50% Senior Notes due 2028

 

497

 

 

497

 

4.85% Senior Notes due 2033

 

497

 

 

497

 

5.00% Senior Notes due 2027

 

494

 

 

 

-

 

5.00% Senior Notes due 2029

 

492

 

 

 

-

 

5.00% Senior Notes due 2034

 

489

 

 

 

-

 

7.00% Notes due 2038

 

199

 

 

 

200

 

5.95% Notes due 2041

 

111

 

 

 

112

 

5.13% Notes due 2043

 

98

 

 

 

98

 

$

12,156

 

$

10,842

 

 

 

The estimated fair value of SLB’s Long-term Debt, based on quoted market prices at June 30, 2024 and December 31, 2023, was $11.3 billion and $10.2 billion, respectively.

 

At June 30, 2024, SLB had committed credit facility agreements aggregating $5.0 billion with commercial banks, of which $4.6 billion was available and unused. These committed facilities, of which $2.0 billion matures in February 2027 and $3.0 billion matures in December 2028, support commercial paper programs in the United States and Europe. Borrowings under the commercial paper programs at June 30, 2024 were $374 million, all of which were classified in Short-term borrowings and current portion of long-term debt in the Consolidated Balance Sheet. There were no borrowings under the commercial paper programs at December 31, 2023.

 

Schlumberger Limited fully and unconditionally guarantees the securities issued by certain of its subsidiaries, including securities issued by Schlumberger Investment S.A. and Schlumberger Finance Canada Ltd., both indirect wholly-owned subsidiaries of Schlumberger Limited.