Charges and Credits (Tables)

12 Months Ended

Dec. 31, 2017

Restructuring And Related Activities [Abstract]

Summary of Charges and Credits

The following is a summary of these charges and credits, of which $3.211 billion were classified as Impairments & other, $245 million were classified in Cost of sales and $308 million were classified as Merger & integration in the Consolidated Statement of Income (Loss).

	(Stated in millions)
						Noncontrolling
	Pretax		Tax			Interests		Net
Impairment & other
WesternGeco seismic restructuring charges	$	1,114	$	20		$	-	$	1,094
Venezuela investment write-down		938		-			-		938
Promissory note fair value adjustment and other		510		-			12		498
Workforce reductions		247		13			-		234
Multiclient seismic data impairment		246		81			-		165
Other restructuring charges		156		10			22		124
Cost of sales							-		-
Provision for loss on long-term construction project		245		22			-		223
Merger & integration							-		-
Merger and integration-related costs		308		70			-		238
US tax reform charge		-		(76	)		-		76
	$	3,764	$	140		$	34	$	3,590

The following is a summary of these charges and credits, of which $3.172 billion were classified as Impairments & other, $349 million were classified as Merger & integration and $299 million were classified in Cost of sales in the Consolidated Statement of Income (Loss):

	(Stated in millions)
	Pretax		Tax		Net
Impairment & other
Workforce reductions	$	880	$	69	$	811
Other fixed asset impairments		684		52		632
Inventory write-downs		616		49		567
North America pressure pumping asset impairments		209		67		142
Multiclient seismic data impairment		198		62		136
Facility impairments		165		58		107
Facility closure costs		165		40		125
Costs associated with exiting certain activities		98		23		75
Currency devaluation loss in Egypt		63		-		63
Contract termination costs		39		9		30
Other restructuring charges		55		-		55
Merger & integration
Other merger and integration-related		160		28		132
Merger-related employee benefits		83		13		70
Facility closure costs		61		13		48
Professional fees		45		10		35
Cost of sales
Amortization of inventory fair value adjustment		299		90		209
	$	3,820	$	583	$	3,237

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

	(Stated in millions)
	Pretax		Tax		Net
Workforce reductions	$	920	$	107	$	813
Fixed asset impairments		776		141		635
Inventory write-downs		269		27		242
Impairment of SPM project		182		36		146
Facility closures		177		37		140
Geopolitical events		77		-		77
Currency devaluation loss in Venezuela		49		-		49
Contract termination costs		41		2		39
Other		84		7		77
	$	2,575	$	357	$	2,218