Segment Information

9 Months Ended

Sep. 30, 2016

Segment Reporting [Abstract]

Segment Information

14.   Segment Information

				(Stated in millions)
	Third Quarter 2016						Third Quarter 2015
				Income						Income
				Before						Before
	Revenue			Taxes			Revenue			Taxes
Reservoir Characterization	$	1,689		$	322		$	2,380		$	616
Drilling		2,021			218			3,219			594
Production		2,083			98			2,915			327
Cameron		1,341			215			-			-
Eliminations & other		(115	)		(38	)		(42	)		(16	)
Pretax operating income					815						1,521
Corporate & other (1)					(267	)					(198	)
Interest income (2)					24						8
Interest expense (3)					(135	)					(78	)
Charges and credits (4)					(237	)					-
	$	7,019		$	200		$	8,472		$	1,253

⁽¹⁾ Comprised principally of certain corporate expenses not allocated to the segments, stock-based compensation costs, amortization expense associated with certain intangible assets (including intangible asset amortization expense resulting from the acquisition of Cameron), certain centrally managed initiatives and other nonoperating items.

⁽²⁾  Interest income excludes amounts which are included in the segments’ income ($7 million in 2016; $5 million in 2015).

⁽³⁾   Interest expense excludes amounts which are included in the segments’ income ($14 million in 2016; $8 million in 2015).

⁽⁴⁾   See Note 2 – Charges and Credits.

				(Stated in millions)
	Nine Months 2016						Nine Months 2015
				Income						Income
				Before						Before
	Revenue			Taxes			Revenue			Taxes
Reservoir Characterization	$	5,044		$	913		$	7,545		$	1,944
Drilling		6,548			760			10,610			2,044
Production		6,529			396			9,679			1,268
Cameron		2,865			465			-			-
Eliminations & other		(283	)		(72	)		(103	)		(34	)
Pretax operating income					2,462						5,222
Corporate & other (1)					(679	)					(587	)
Interest income (2)					61						22
Interest expense (3)					(391	)					(234	)
Charges and credits (4)					(3,144	)					(439	)
	$	20,703		$	(1,691	)	$	27,731		$	3,984

⁽¹⁾ Comprised principally of certain corporate expenses not allocated to the segments, stock-based compensation costs, amortization expense associated with certain intangible assets (including intangible asset amortization expense resulting from the acquisition of Cameron), certain centrally managed initiatives and other nonoperating items.

⁽²⁾  Interest income excludes amounts which are included in the segments’ income ($20 million in 2016; $16 million in 2015).

⁽³⁾   Interest expense excludes amounts which are included in the segments’ income ($40 million in 2016; $20 million in 2015).

⁽⁴⁾   See Note 2 – Charges and Credits.