Segment Information

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Segment Information

12.   Segment Information

				(Stated in millions)
	Second Quarter 2020						Second Quarter 2019
				Income (Loss)						Income (Loss)
				Before						Before
	Revenue			Taxes			Revenue			Taxes
Reservoir Characterization	$	1,052		$	185		$	1,558		$	317
Drilling		1,731			165			2,420			301
Production		1,615			25			3,077			235
Cameron		1,015			80			1,328			165
Eliminations & other		(57	)		(59	)		(114	)		(50	)
					396						968
Corporate & other (1)					(169	)					(238	)
Interest income (2)					7						9
Interest expense (3)					(137	)					(146	)
Charges and credits (4)					(3,724	)					-
	$	5,356		$	(3,627	)	$	8,269		$	593

Certain prior period amounts have been reclassified to conform to the current period presentation.

⁽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 ($- million in 2020; $2 million in 2019).

^{(3) Interest expense excludes amounts which are included in the segments’ income ($7 million in 2020; $10 million in 2019).}

^{(4) See Note 2 – Charges and Credits.}

				(Stated in millions)
	Six Months 2020						Six Months 2019
				Income (Loss)						Income (Loss)
				Before						Before
	Revenue			Taxes			Revenue			Taxes
Reservoir Characterization	$	2,363		$	369		$	3,017		$	598
Drilling		4,020			450			4,806			608
Production		4,318			237			5,967			453
Cameron		2,270			201			2,586			313
Eliminations & other		(160	)		(85	)		(227	)		(96	)
					1,172						1,876
Corporate & other (1)					(397	)					(511	)
Interest income (2)					22						18
Interest expense (3)					(266	)					(282	)
Charges and credits (4)					(12,247	)					-
	$	12,811		$	(11,716	)	$	16,149		$	1,101

Certain prior period amounts have been reclassified to conform to the current period presentation.

⁽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 2020; $5 million in 2019).

^{(3) Interest expense excludes amounts which are included in the segments’ income ($15 million in 2020; $20 million in 2019).}

^{(4) See Note 2 – Charges and Credits.}

Revenue by geographic area was as follows:

					(Stated in millions)
	Second Quarter				Six Months
	2020		2019		2020		2019
North America	$	1,183	$	2,801	$	3,463	$	5,539
Latin America		543		1,115		1,488		2,107
Europe/CIS/Africa		1,449		1,896		3,200		3,602
Middle East & Asia		2,146		2,452		4,572		4,790
Eliminations & other		35		5		88		111
	$	5,356	$	8,269	$	12,811	$	16,149

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

							(Stated in millions)
	Second Quarter 2020
	North						Eliminations
	America			International			& other			Total
Reservoir Characterization	$	165		$	880		$	7		$	1,052
Drilling		269			1,417			45			1,731
Production		408			1,205			2			1,615
Cameron		341			676			(2	)		1,015
Other		-			(40	)		(17	)		(57	)
	$	1,183		$	4,138		$	35		$	5,356
	Second Quarter 2019
	North						Eliminations
	America			International			& other			Total
Reservoir Characterization	$	242		$	1,312		$	4		$	1,558
Drilling		552			1,819			49			2,420
Production		1,419			1,657			1			3,077
Cameron		600			754			(26	)		1,328
Other		(12	)		(79	)		(23	)		(114	)
	$	2,801		$	5,463		$	5		$	8,269

				(Stated in millions)
	Six Months 2020
	North						Eliminations
	America			International			& other			Total
Reservoir Characterization	$	365		$	1,988		$	10		$	2,363
Drilling		792			3,139			89			4,020
Production		1,475			2,842			1			4,318
Cameron		847			1,402			21			2,270
Other		(16	)		(111	)		(33	)		(160	)
	$	3,463		$	9,260		$	88		$	12,811
	Six Months 2019
	North						Eliminations
	America			International			& other			Total
Reservoir Characterization	$	458		$	2,552		$	7		$	3,017
Drilling		1,128			3,574			104			4,806
Production		2,792			3,173			2			5,967
Cameron		1,182			1,375			29			2,586
Other		(21	)		(175	)		(31	)		(227	)
	$	5,539		$	10,499		$	111		$	16,149

Revenue in excess of billings related to contracts where revenue is recognized over time was $0.2 billion at both June 30, 2020 and December 31, 2019.  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 $2.8 billion at June 30, 2020, of which approximately 50% is expected to be recognized as revenue over the next 12 months.

Billings and cash collections in excess of revenue was $1.1 billion at June 30, 2020 and $0.9 billion at December 31, 2019.  Such amounts are included within Accounts payable and accrued liabilities in the Consolidated Balance Sheet.