• 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   12.   Fixed Assets A summary of fixed assets follows: (Stated in millions)     As at December 31, 2003 2002 Land $ 56   $ 63 Buildings & Improvements 1,239     1,225 Machinery & Equipment 9,682     10,314 Total cost 10,977     11,602 Less accumulated depreciation 7,177     6,938   $ 3,800   $ 4,664     The estimated useful lives of Buildings & Improvements are primarily 30 to 40 years. For Machinery & Equipment, 12% is being depreciated over 16 to 25 years, 10% over 10 to 15 years and 78% over 2 to 9 years.     Go to Part II, Item 8, Notes: 13. Multiclient Seismic Data