Segment assets consist of receivables, inventories, fixed assets and multiclient seismic data.
Depreciation & Amortization includes multiclient seismic data costs.
Revenue
for the years ended December 31, 2012, 2011 and 2010, by geographic area is as follows:
(Stated in millions)
2012 2011 2010
North America
$13,485
$12,323 $ 6,730
Latin America
7,554
6,467 4,985
Europe/CIS/Africa
11,443
9,676 7,850
Middle East & Asia
9,194
8,102 6,652
Eliminations & other
473
391
455
$42,149
$36,959 $26,672
Revenue is based on the location where services are provided.
During each of the three years ended December 31, 2012, 2011 and 2010, 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 2012, 2011 and 2010 was $11.8 billion, $10.7 billion and $5.8 billion, respectively.
Fixed Assets less accumulated depreciation
by geographic area are as follows:
(Stated in millions)
2012 2011 2010
North America
$ 4,868
$ 4,230 $ 3,624
Latin America
1,788
1,472 1,274
Europe/CIS/Africa
3,414
3,341 3,339
Middle East & Asia
2,908
2,233 2,004
Unallocated
(1)
1,802
1,717 1,830
$14,780
$12,993 $12,071
(1)
Represents seismic vessels, including the related on-board equipment, which frequently transition between
geographic areas.
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 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.
The weighted-average assumed discount rate, compensation increases and the expected long-term rate of return on
plan assets used to determine the net pension cost for the US and International plans were as follows:
US
International
2012 2011 2010 2012 2011 2010
Discount rate
5.00%
5.50% 6.00%
4.95%
5.47% 5.89%
Compensation increases
4.00%
4.00% 4.00%
4.91%
4.91% 4.93%
Return on plan assets
7.50%
7.50% 8.50%
7.50%
7.50% 8.00%
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