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Long-term Debt
9 Months Ended
Sep. 30, 2022
Debt Disclosure [Abstract]  
Long-term Debt

7.   Long-term Debt

A summary of Long-term Debt follows:

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

Sept. 30,

 

 

Dec. 31,

 

 

2022

 

 

2021

 

3.65% Senior Notes due 2023

$

1,498

 

 

$

1,497

 

3.90% Senior Notes due 2028

 

1,462

 

 

 

1,457

 

2.65% Senior Notes due 2030

 

1,250

 

 

 

1,250

 

1.375% Guaranteed Notes due 2026

 

955

 

 

 

1,125

 

2.00% Guaranteed Notes due 2032

 

948

 

 

 

1,118

 

4.00% Senior Notes due 2025

 

931

 

 

 

930

 

0.25% Notes due 2027

 

860

 

 

 

1,013

 

0.50% Notes due 2031

 

858

 

 

 

1,012

 

4.30% Senior Notes due 2029

 

846

 

 

 

846

 

3.75% Senior Notes due 2024

 

749

 

 

 

748

 

1.00% Guaranteed Notes due 2026

 

572

 

 

 

679

 

1.40% Senior Notes due 2025

 

499

 

 

 

498

 

0.00% Notes due 2024

 

478

 

 

 

563

 

7.00% Notes due 2038

 

202

 

 

 

204

 

5.95% Notes due 2041

 

113

 

 

 

113

 

5.13% Notes due 2043

 

98

 

 

 

98

 

4.00% Notes due 2023

 

79

 

 

 

80

 

3.70% Notes due 2024

 

54

 

 

 

55

 

 

$

12,452

 

 

$

13,286

 

 

The estimated fair value of Schlumberger’s Long-term Debt, based on quoted market prices at September 30, 2022 and December 31, 2021, was $11.2 billion and $13.9 billion, respectively.

 

Schlumberger has a €750 million three-year committed revolving credit facility maturing in June 2024.  At September 30, 2022 no amounts had been drawn under this facility.

 

In addition to the revolving credit facility described above, at September 30, 2022, Schlumberger had committed credit facility agreements aggregating $5.75 billion with commercial banks, all of which was available and unused.  These committed facilities support commercial paper programs in the United States and Europe, of which $0.75 billion matures in February 2024, $2.0 billion matures in February 2025, $1.0 billion matures in July 2026 and $2.0 billion matures in February 2027.  Interest rates and other terms of borrowing under these lines of credit vary by facility.

 

There were no borrowings under the commercial paper programs at September 30, 2022 and December 31, 2021.   

 

Schlumberger Limited fully and unconditionally guarantees the securities issued by certain of its subsidiaries, including securities issued by Schlumberger Investment SA and Schlumberger Finance Canada Ltd., both wholly-owned subsidiaries of Schlumberger.