Schlumberger 2010 Annual Report - page 53

The following table represents carrying amounts of Schlumberger’s debt at December 31, 2010 by year of maturity:
2011 2012 2013 2014 2015 2016 2019 Total
Expected Maturity Dates
(Stated in millions)
Fixed rate debt
5.875% Guaranteed Bonds
$ 334
$ 334
5.25% Guaranteed Notes
$ 659
3.00% Guaranteed Notes
4.50% Guaranteed Notes
$ 1,319
8.625% Senior Notes
2.75% Guaranteed Notes
$ 1,310
6.00% Senior Notes
$ 218
9.75% Senior Notes
$ 776
Total fixed rate debt
$ 334
$ –
$1,122 $1,591 $1,310 $218 $776 $5,351
Variable rate debt
2,261 445
$2,595 $445 $1,163 $1,605 $1,310 $218 $776 $8,112
The fair market value of the outstanding fixed rate debt was approximately $5.5 billion as of December 31, 2010. The
weighted average interest rate on the variable rate debt as of December 31, 2010 was approximately 1.0%.
Schlumberger does not enter into derivatives for speculative purposes.
Forward-looking Statements
This Form 10-K and other statements we make contain “forward-looking statements” within the meaning of the
federal securities laws, which include any statements that are not historical facts, such as our forecasts or expectations
regarding business outlook; growth for Schlumberger as a whole and for each of Oilfield Services and WesternGeco (and
for specified products or geographic areas within each segment); the integration of both Smith and Geoservices into our
business; the anticipated benefits of those transactions; oil and natural gas demand and production growth; oil and
natural gas prices; improvements in operating procedures and technology; capital expenditures by Schlumberger and
the oil and gas industry; the business strategies of Schlumberger’s customers; future global economic conditions; and
future results of operations. These statements are subject to risks and uncertainties, including, but not limited to, the
current global economic downturn; changes in exploration and production spending by Schlumberger’s customers and
changes in the level of oil and natural gas exploration and development; general economic and business conditions in
key regions of the world; pricing erosion; seasonal factors; changes in government regulations and regulatory
requirements, including those related to offshore oil and gas exploration, radioactive sources, explosives, chemicals,
hydraulic fracturing services and climate-related initiatives; continuing operational delays or program reductions as of
result of the lifted drilling moratorium in the Gulf of Mexico; the inability to successfully integrate the merged Smith and
Geoservices businesses and to realize expected synergies, the inability to retain key employees; and other risks and
uncertainties detailed in the Risk Factors section of this Form 10-K and other filings that we make with the Securities
and Exchange Commission. If one or more of these or other risks or uncertainties materialize (or the consequences of
such a development changes), or should our underlying assumptions prove incorrect, actual outcomes may vary
materially from those reflected in our forward-looking statements. Schlumberger disclaims any intention or obligation to
update publicly or revise such statements, whether as a result of new information, future events or otherwise.
Part II, Item 7A
1...,43,44,45,46,47,48,49,50,51,52 54,55,56,57,58,59,60,61,62,63,...108
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