Pension and Other Postretirement Benefits

6 Months Ended

Jun. 30, 2014

Pension and Other Postretirement Benefits

15. Pension and Other Postretirement Benefits

Net pension cost for the Schlumberger pension plans included the following components:

	(Stated in millions)
	Second Quarter												Six Months
	2014						2013						2014						2013
	US			Int'l			US			Int'l			US			Int'l			US			Int'l
Service cost — benefits earned during period	$	16		$	29		$	21		$	34		$	35		$	60		$	41		$	67
Interest cost on projected benefit obligation		35			56			38			63			76			128			75			124
Expected return on plan assets		(44	)		(88	)		(51	)		(100	)		(96	)		(200	)		(103	)		(200	)
Amortization of prior service cost		3			22			3			29			6			52			6			59
Amortization of net loss		24			32			31			37			44			52			63			74
	$	34		$	51		$	42		$	63		$	65		$	92		$	82		$	124

The net periodic benefit cost for the Schlumberger US postretirement medical plan included the following components:

	(Stated in millions)
	Second Quarter						Six Months
	2014			2013			2014			2013
Service cost — benefits earned during period	$	11		$	12		$	22		$	24
Interest cost on accumulated postretirement benefit obligation		15			15			30			30
Expected return on plan assets		(10	)		(9	)		(21	)		(18	)
Amortization of prior service cost		(1	)		(1	)		(2	)		(2	)
Amortization of net loss		3			8			4			15
	$	18		$	25		$	33		$	49