Revenue
Income
before
taxes
Assets
Depn. &
Amortn.
Capital
Expenditures
2008
(Stated in millions)
OILFIELD SERVICES
North America
$ 5,914
$1,371 $ 2,728
$ 433
$ 750
Latin America
4,230
858
2,529
223
414
Europe/CIS/Africa
8,180
2,244
4,410
600
988
Middle East & Asia
5,724
2,005
3,503
496
762
Elims/Other
(1)
234
27
2,014
(9)
128
24,282
6,505
15,184
1,743
3,042
WESTERNGECO
2,838
836
2,956
518
680
Goodwill and intangible assets
6,009
All other assets
1,914
Corporate
(2)
43
(268)
6,031
8
1
Interest income
(3)
112
Interest expense
(4)
(217)
Charges & credits
(5)
(116)
$27,163
$6,852 $32,094
$2,269
$3,723
(1) Includes certain headquarter administrative costs which are not allocated geographically, manufacturing and certain other operations, and other
cost and income items maintained at the Oilfield Services level.
(2) Comprised principally of corporate expenses not allocated to the segments, interest on postretirement medical benefits, stock-based compen-
sation costs, amortization expense associated with intangible assets recorded as a result of the merger with Smith and certain other nonoperating
items. Corporate assets consist of cash, short-term investments, fixed income investments, held to maturity and investments in affiliates.
(3) Interest income excludes amounts which are included in the segments’ income (2010 - $7 million: 2009 – $10 million; 2008 – $7 million).
(4) Interest expense excludes amounts which are included in the segments’ income (2010 - $5 million; 2009 – $33 million; 2008 – $30 million).
(5) See Note 3 –
Charges and Credits
.
Segment assets consist of receivables, inventories, fixed assets and multiclient seismic data.
Depreciation & Amortization includes multiclient seismic data costs.
During each of the three years ended December 31, 2010, 2009 and 2008, no single customer exceeded 10% of
consolidated revenue.
Schlumberger did not have revenue from third-party customers in its country of domicile during the last three years.
Revenue in the United States in 2010, 2009 and 2008 was $6.5 billion, $3.7 billion and $5.9 billion, respectively.
18. Pension and Other Benefit Plans
Pension Plans
Schlumberger sponsors several defined benefit pension plans that cover substantially all US employees hired prior to
October 1, 2004. The benefits are based on years of service and compensation, on a career-average pay basis.
In addition to the United States defined benefit pension plans, Schlumberger sponsors several other international
defined benefit pension plans. The most significant of these international plans are the International Staff Pension Plan,
which was converted from a defined contribution plan to a defined benefit pension plan during the fourth quarter of
2008, and the UK pension plan (collectively, the “International plans”). The International Staff Pension Plan covers
certain international employees and is based on years of service and compensation on a career-average pay basis. The
UK plan covers employees hired prior to April 1, 1999, and is based on years of service and compensation, on a final
salary basis.
65
Part II, Item 8
