Business Segment and Geographic Information
3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Segment Reporting Disclosure Business Segment Information
We operate under two divisions, which form the basis for the two operating segments we report: the Completion and Production segment and the Drilling and Evaluation segment. Our equity in earnings and losses of unconsolidated affiliates that are accounted for using the equity method of accounting are included within cost of services and cost of sales on our statements of operations, which is part of operating income of the applicable segment.
The following table presents information on our business segments.
 Three Months Ended
March 31
Millions of dollars20242023
Completion and Production$3,373 $3,409 
Drilling and Evaluation2,431 2,268 
Total revenue$5,804 $5,677 
Operating income:
Completion and Production$688 $666 
Drilling and Evaluation398 369 
Total operations1,086 1,035 
Corporate and other (a)(65)(58)
SAP S4 upgrade expense(34)— 
Total operating income$987 $977 
Interest expense, net of interest income(92)(101)
Other, net (b)(108)(47)
Income before income taxes$787 $829 
(a)Includes certain expenses not attributable to a business segment, such as costs related to support functions, corporate executives, and operating lease assets, and also includes amortization expense associated with intangible assets recorded as a result of acquisitions.
During the three months ended March 31, 2024, Halliburton incurred a charge of $82 million primarily due to impairment of an investment in Argentina and currency devaluation in Egypt.