v3.26.3
Business Segment and Geographic Information (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Dec. 31, 2025
Revenue:          
Revenue $ 5,703 $ 5,600 $ 16,819 $ 16,527  
Operating income (loss):          
Total operating income 624 356 2,081 1,514  
Corporate and other (75) (64) (227) [1] (196) [1]  
SAP S4 Upgrade Expense (42) (50) (130) (112)  
Impairments and other (charges) credits [2] (107) (392) (12) (748)  
Interest expense, net of interest income (84) (88) (249) (266)  
Other, net [3] (27) (49) (86) (112)  
Income (loss) from continuing operations before income taxes 513 219 1,746 1,136  
Capital expenditures 266 261 693 917  
Operating Expenses [Abstract]          
Depreciation, Depletion and Amortization 296 285 887 846  
Assets          
Assets 26,073   26,073   $ 25,010
Property, Plant, and Equipment [Abstract]          
Property, Plant, and Equipment, after Accumulated Depreciation, Depletion, and Amortization 5,152   5,152   5,261
Argentina investment impairment and Egypt Devaluation   23   23  
Total operations          
Operating income (loss):          
Total operating income 848 862 2,450 2,570  
Completion and Production          
Revenue:          
Revenue 3,089 3,223 9,307 9,514  
Operating income (loss):          
Total operating income 457 514 1,370 1,558  
Impairments and other (charges) credits (38) (252) 45 (453)  
Capital expenditures 150 163 405 546  
Operating Expenses [Abstract]          
Cost, Direct Material 1,316 1,361 3,959 3,980  
Cost, Direct Labor 472 492 1,422 1,449  
Depreciation, Depletion and Amortization 161 156 486 462  
Other Cost of Operating Revenue 683 700 2,070 2,065  
Operating Expenses, Total 2,632 2,709 7,937 7,956  
Assets          
Assets 10,971   10,971   10,492
Drilling and Evaluation          
Revenue:          
Revenue 2,614 2,377 7,512 7,013  
Operating income (loss):          
Total operating income 391 348 1,080 1,012  
Impairments and other (charges) credits (54) (140) (38) (225)  
Capital expenditures 116 98 287 371  
Operating Expenses [Abstract]          
Cost, Direct Material 1,055 911 2,996 2,715  
Cost, Direct Labor 516 489 1,508 1,435  
Depreciation, Depletion and Amortization 126 123 378 368  
Other Cost of Operating Revenue 526 506 1,550 1,483  
Operating Expenses, Total 2,223 2,029 6,432 6,001  
Assets          
Assets 8,662   8,662   7,870
Corporate and Other          
Operating income (loss):          
Impairments and other (charges) credits (15) 0 (19) (70)  
Capital expenditures 0 0 1 0  
Operating Expenses [Abstract]          
Depreciation, Depletion and Amortization 9 6 23 16  
Assets          
Assets 6,440   6,440   $ 6,648
North America [Member]          
Revenue:          
Revenue 2,160 2,364 6,572 6,859  
Latin America [Member]          
Revenue:          
Revenue 1,122 996 3,335 2,869  
Europe/Africa/CIS [Member]          
Revenue:          
Revenue 1,016 828 2,891 2,423  
Middle East/Asia [Member]          
Revenue:          
Revenue $ 1,405 $ 1,412 $ 4,021 $ 4,376  
[1]
The amount included certain expenses not attributable to a business segment, such as costs related to certain support functions, corporate
executives, and operating lease assets, and included amortization expense associated with intangible assets recorded as a result of acquisitions.
[2]
For the three months ended September 30, 2026, the amount included a $38 million charge attributable to Completion and Production, a
$54 million charge attributable to Drilling and Evaluation, and a $15 million charge attributable to Corporate and other. For the nine months
ended September 30, 2026, the amount included a $45 million credit attributable to Completion and Production, a $38 million charge attributable
to Drilling and Evaluation, and a $19 million charge attributable to Corporate and other. For the three months ended September 30, 2025, the
amount included a $252 million charge attributable to Completion and Production and a $140 million charge attributable to Drilling and
Evaluation. For the nine months ended September 30, 2025, the amount included a $453 million charge attributable to Completion and
Production, a $225 million charge attributable to Drilling and Evaluation, and a $70 million charge attributable to Corporate and other. See Notes
to Condensed Consolidated Financial Statements, Note 2 for further discussion on impairments and other charges.
[3]
During the three and nine months ended September 30, 2025, we incurred a charge of $23 million due to the impairment of an investment in
Argentina.