Charges and Credits (Tables)

9 Months Ended

Sep. 30, 2016

Restructuring And Related Activities [Abstract]

Summary of the Charges

The following is a summary of the charges and credits recorded during the first nine months of 2016:

	(Stated in millions)
	Pretax		Tax		Net
Workforce reduction	$	646	$	63	$	583
North America pressure pumping asset impairments		209		67		142
Facilities impairments		165		58		107
Other fixed asset impairments		684		52		632
Inventory write-downs		616		49		567
Multiclient seismic data impairment		198		62		136
Other restructuring charges		55		-		55
Amortization of inventory fair value adjustment		299		90		209
Merger-related employee benefits		93		17		76
Professional fees		45		10		35
Facility closure costs		51		13		38
Other merger and integration-related		83		11		72
	$	3,144	$	492	$	2,652

The following is a summary of these charges, all of which were classified as Impairments & other in the Consolidated Statement of Income:

	(Stated in millions)
	Pretax		Tax		Net
Workforce reduction	$	390	$	56	$	334
Currency devaluation loss in Venezuela		49		-		49
	$	439	$	56	$	383