Interest and other income, net
includes the following:
(Stated in millions)
2011 2010 2009
Interest income
$ 40
$ 50 $ 61
Equity in net earnings of affiliated companies:
M-I SWACO
–
78 131
Others
89
86
78
Other
–
–
3
$129
$214 $273
Allowance for doubtful accounts
is as follows:
(Stated in millions)
2011 2010 2009
Balance at beginning of year
$185
$160 $133
Provision
37
38
54
Amounts written off
(45)
(13) (27)
Balance at end of year
$177
$185 $160
Discontinued Operations
During the second quarter of 2011, Schlumberger completed the divestiture of its Global Connectivity Services
business for approximately $385 million in cash. An after-tax gain of $220 million was recognized in connection with
this transaction, and is classified in
Income (loss) from discontinued operations
in the
Consolidated Statement of
Income
. The historical results of this business were not significant to Schlumberger’s consolidated financial
statements and, as such, have not been reclassified to discontinued operations.
During the fourth quarter of 2009, Schlumberger recorded a net $22 million charge related to the resolution of a
customs assessment pertaining to its former offshore contract drilling business, as well as the resolution of certain
contingencies associated with other previously disposed of businesses. This amount is included in
Income (loss) from
discontinued operations
in the
Consolidated Statement of Income
.
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