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Long-term Debt
9 Months Ended
Sep. 30, 2018
Debt Disclosure [Abstract]  
Long-term Debt

8.   Long-term Debt

A summary of Long-term Debt follows:

 

(Stated in millions)

 

  

 

 

 

 

 

 

 

 

Sept. 30,

 

 

Dec. 31,

 

 

2018

 

 

2017

 

4.00% Senior Notes due 2025

$

1,742

 

 

$

1,741

 

3.30% Senior Notes due 2021

 

1,596

 

 

 

1,595

 

3.00% Senior Notes due 2020

 

1,595

 

 

 

1,593

 

3.65% Senior Notes due 2023

 

1,493

 

 

 

1,492

 

4.20% Senior Notes due 2021

 

1,100

 

 

 

1,100

 

2.40% Senior Notes due 2022

 

997

 

 

 

996

 

3.63% Senior Notes due 2022

 

847

 

 

 

846

 

2.65% Senior Notes due 2022

 

598

 

 

 

598

 

2.20% Senior Notes due 2020

 

498

 

 

 

498

 

7.00% Notes due 2038

 

211

 

 

 

212

 

4.50% Notes due 2021

 

133

 

 

 

135

 

5.95% Notes due 2041

 

115

 

 

 

115

 

3.60% Notes due 2022

 

109

 

 

 

110

 

5.13% Notes due 2043

 

99

 

 

 

99

 

4.00% Notes due 2023

 

82

 

 

 

82

 

3.70% Notes due 2024

 

55

 

 

 

56

 

0.63% Guaranteed Notes due 2019

 

-

 

 

 

712

 

1.50% Guaranteed Notes due 2019

 

-

 

 

 

603

 

Commercial paper borrowings

 

2,600

 

 

 

1,694

 

Other

 

289

 

 

 

598

 

 

$

14,159

 

 

$

14,875

 

 

The estimated fair value of Schlumberger’s Long-term Debt, based on quoted market prices at September 30, 2018 and December 31, 2017, was $14.1 billion and $15.2 billion, respectively.

Borrowings under Schlumberger’s commercial paper programs at September 30, 2018 were $3.1 billion, of which $0.5 billion was classified in Short-term borrowings and current portion of long-term debt in the Consolidated Balance Sheet.  At December 31, 2017, borrowings under the commercial paper programs were $3.0 billion, of which $1.3 billion was classified in Short-term borrowings and current portion of long-term debt in the Consolidated Balance Sheet.