Segment Information

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Segment Information

10.   Segment Information

				(Stated in millions)
	Third Quarter 2022						Third Quarter 2021
				Income						Income
	Revenue			Before Taxes			Revenue			Before Taxes
Digital & Integration	$	900		$	305		$	812		$	284
Reservoir Performance		1,456			244			1,192			190
Well Construction		3,084			664			2,273			345
Production Systems		2,150			224			1,674			166
Eliminations & other		(113	)		(37	)		(104	)		(77	)
Pretax segment operating income					1,400						908
Corporate & other (1)					(155	)					(145	)
Interest income (2)					8						8
Interest expense (3)					(119	)					(127	)
Charges and credits (4)					-						47
	$	7,477		$	1,134		$	5,847		$	691

⁽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 ($25 million in 2022; $- million in 2021).}

^{(3) Interest expense excludes amounts which are included in the segments’ income ($3 million in 2022; $3 million in 2021).}

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

				(Stated in millions)
	Nine Months 2022						Nine Months 2021
				Income						Income
	Revenue			Before Taxes			Revenue			Before Taxes
Digital & Integration	$	2,713		$	976		$	2,401		$	805
Reservoir Performance		3,999			598			3,312			448
Well Construction		8,168			1,522			6,319			827
Production Systems		5,647			509			4,946			475
Eliminations & other		(314	)		(151	)		(274	)		(176	)
Pretax segment operating income					3,454						2,379
Corporate & other (1)					(468	)					(434	)
Interest income (2)					13						17
Interest expense (3)					(360	)					(391	)
Charges and credits (4)					285						47
	$	20,213		$	2,924		$	16,704		$	1,618

⁽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 ($53 million in 2022; $1 million in 2021).}

^{(3) Interest expense excludes amounts which are included in the segments’ income ($9 million in 2022; $11 million in 2021).}

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

Revenue by geographic area was as follows:

					(Stated in millions)
	Third Quarter				Nine Months
	2022		2021		2022		2021
North America	$	1,543	$	1,129	$	4,362	$	3,185
Latin America		1,508		1,160		4,042		3,255
Europe/CIS/Africa		2,039		1,481		5,134		4,190
Middle East & Asia		2,334		2,034		6,525		5,952
Other		53		43		150		122
	$	7,477	$	5,847	$	20,213	$	16,704

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

							(Stated in millions)
	Third Quarter 2022
	North
	America			International			Other			Total
Digital & Integration	$	229		$	671		$	-		$	900
Reservoir Performance		119			1,335			2			1,456
Well Construction		621			2,406			57			3,084
Production Systems		578			1,569			3			2,150
Eliminations & other		(4	)		(100	)		(9	)		(113	)
	$	1,543		$	5,881		$	53		$	7,477
	Third Quarter 2021
	North
	America			International			Other			Total
Digital & Integration	$	196		$	615		$	1		$	812
Reservoir Performance		79			1,112			1			1,192
Well Construction		382			1,839			52			2,273
Production Systems		469			1,205			-			1,674
Eliminations & other		3			(96	)		(11	)		(104	)
	$	1,129		$	4,675		$	43		$	5,847

	Nine Months 2022
	North
	America			International			Other			Total
Digital & Integration	$	781		$	1,928		$	4		$	2,713
Reservoir Performance		333			3,661			5			3,999
Well Construction		1,659			6,354			155			8,168
Production Systems		1,601			4,037			9			5,647
Eliminations & other		(12	)		(279	)		(23	)		(314	)
	$	4,362		$	15,701		$	150		$	20,213
	Nine Months 2021
	North
	America			International			Other			Total
Digital & Integration	$	549		$	1,850		$	2		$	2,401
Reservoir Performance		237			3,072			3			3,312
Well Construction		1,045			5,124			150			6,319
Production Systems		1,347			3,587			12			4,946
Eliminations & other		7			(236	)		(45	)		(274	)
	$	3,185		$	13,397		$	122		$	16,704

Revenue in excess of billings related to contracts where revenue is recognized over time was $0.2 billion at both September 30, 2022 and December 31, 2021.  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 September 30, 2022, of which approximately 60% is expected to be recognized as revenue over the next 12 months.

Billings and cash collections in excess of revenue was $1.2 billion at September 30, 2022 and $1.1 billion at December 31, 2021.  Such amounts are included within Accounts payable and accrued liabilities in the Consolidated Balance Sheet.