Discontinued Operations

12 Months Ended

Dec. 31, 2014

Discontinued Operations And Disposal Groups [Abstract]

Discontinued Operations

20. Discontinued Operations

During the second quarter of 2013, Schlumberger completed the wind down of its operations in Iran and, therefore, has classified the historical results of this business as a discontinued operation.

During the second quarter of 2012, Schlumberger sold its Wilson distribution business to National Oilwell Varco Inc. (“NOV”) for $906 million in cash, resulting in a pretax gain of $137 million ($16 million after-tax). During the third quarter of 2012, Schlumberger completed the sale of its 56% interest in CE Franklin Ltd. to NOV for $122 million in cash, resulting in a pretax gain of $30 million ($12 million after-tax). As Wilson and CE Franklin comprised Schlumberger’s entire Distribution segment, the results of this entire segment have been classified as discontinued operations in the Consolidated Statement of Income.

The following table summarizes the results of these discontinued operations:

	(Stated in millions)
	2014			2013			2012
Revenue	$	—		$	102		$	1,399
(Loss) income before taxes	$	(205	)	$	(63	)	$	274
Tax expense		—			(6	)		(37	)
Net income attributable to noncontrolling interests		—			—			(5	)
Gain on divestitures, net of tax		—			—			28
Income (loss) from discontinued operations	$	(205	)	$	(69	)	$	260