• Print-friendly Annual Report:       English (size 912 KB)                         Part I     Part II     • Market for Schlumberger’s Common Stock and Related Stockholder Matters     • Selected Financial Data     • Management’s Discussion and Analysis of Financial Condition and Results of Operations     • Quantitative and Qualitative Disclosures About Market Risk     • Financial Statements and Supplementary Data       Consolidated Statement of Income       Consolidated Balance Sheet       Consolidated Statement of Cash Flow       Consolidated Statement of Stockholders' Equity       Shares of Common Stock     Notes to Consolidated Financial Statements       Report of Independent Auditors       Quarterly Results     • Changes in and Disagreements with Accountants on Account and Financial Disclosures     • Controls and Procedures     Part III     Part IV		Print friendly pdf of Form 10-K Part II Part II   Item 8    Notes to Consolidated Financial Statements   10.   Inventory A summary of inventory follows: (Stated in millions)     As at December 31 2003 2002 Raw Materials & Field Materials $ 778   $ 1,010 Work in Process 96     118 Finished Goods 62     138   936     1,266 Less reserves for obsolescence 139     223   $ 797   $ 1,043     Go to Part II, Item 8, Notes: 11. Assets held for sale and Liabilities held for sale