Segment Information

3 Months Ended

Mar. 31, 2019

10. Segment Information

				(Stated in millions)

	First Quarter 2019						First Quarter 2018
				Income						Income
				Before						Before
	Revenue			Taxes			Revenue			Taxes
Reservoir Characterization	$	1,543		$	293		$	1,559		$	306
Drilling		2,387			307			2,126			293
Production		2,890			217			2,956			217
Cameron		1,174			137			1,310			166
Eliminations & other		(115	)		(46	)		(122	)		(8	)
Pretax operating income					908						974
Corporate & other ⁽¹⁾					(273	)					(225	)
Interest income ⁽²⁾					10						25
Interest expense ⁽³⁾					(136	)					(131	)
	$	7,879		$	509		$	7,829		$	643

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

⁽²⁾ Interest income excludes amounts which are included in the segments’ income ($1 million in 2019; $3 million in 2018).

⁽³⁾ Interest expense excludes amounts which are included in the segments’ income ($11 million in 2019; $12 million in 2018).

Revenue by geographic area was as follows:

	(Stated in millions)

	First Quarter
	2019		2018
North America	$	2,738	$	2,835
Latin America		992		870
Europe/CIS/Africa		1,707		1,713
Middle East & Asia		2,338		2,300
Eliminations & other		104		111
	$	7,879	$	7,829

North America and International revenue disaggregated by segment was as follows:

							(Stated in millions)

	First Quarter 2019
	North						Eliminations
	America			International			& other			Total
Reservoir Characterization	$	216		$	1,252		$	75		$	1,543
Drilling		578			1,755			54			2,387
Production		1,373			1,516			1			2,890
Cameron		560			568			46			1,174
Other		11			(54	)		(72	)		(115	)
	$	2,738		$	5,037		$	104		$	7,879


	First Quarter 2018
	North						Eliminations
	America			International			& other			Total
Reservoir Characterization	$	222		$	1,200		$	137		$	1,559
Drilling		564			1,513			49			2,126
Production		1,500			1,455			1			2,956
Cameron		550			736			24			1,310
Other		(1	)		(21	)		(100	)		(122	)
	$	2,835		$	4,883		$	111		$	7,829

Revenue in excess of billings related to contracts where revenue is recognized over time was $0.2 billion at March 31, 2019 and December 31, 2018. Such amounts are included within Receivables less allowance for doubtful accounts in the Consolidated Balance Sheet.

Due to the nature of its business, Schlumberger does not have significant backlog. Total backlog was $2.9 billion at March 31, 2019, of which approximately 49% is expected to be recognized as revenue over the next 12 months.

Billings and cash collections in excess of revenue was $1.0 billion at March 31, 2019 and $0.9 billion at December 31, 2018. Such amounts are included within Accounts payable and accrued liabilities in the Consolidated Balance Sheet.