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Oil & Gas: Goodwill impairment testing

Note: ASC 350-20 goodwill impairment testing; registrants often describe reporting units, methods and key assumptions.

SLB LIMITED/NV (SLB) · Form 10-K for period ended 2025-12-31 · filed 2026-01-23 · Section: Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

(Stated in millions)
Pretax Charge (Credit) Tax Benefit (Expense) Noncontrolling Interest Net
First quarter:
Workforce reductions 158 10 - 148
Other merger and integration 49 1 4 44
Second quarter:
Impairment of equity method investment 69 12 - 57
Workforce reductions 66 3 - 63
Other merger and integration 35 4 4 27
Gain on sale of Palliser APS project (149 (4 - (145
Third quarter:
Amortization of inventory purchase accounting adjustment 66 15 - 51
Acquisition-related professional fees 61 - - 61
Workforce reductions 57 4 - 53
Acquisition-related employee benefits 54 2 - 52
Impairment of equity-method investment 52 4 - 48
Other merger and integration 28 2 4 22
Fourth quarter:
Goodwill impairment 210 - 41 169
Workforce reductions 126 14 3 109
Amortization of inventory purchase accounting adjustment 100 23 - 77
Other merger and integration 125 21 12 92
Reversal of valuation allowance relating to deferred tax assets - 92 - (92
1,107 203 68 836
The following is a summary of the 2024 charges and credits:

Verbatim excerpt (173 words), formatting simplified. View full filing on EDGAR →

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Templates & resources

AICPA & CIMA – SEC reporting resources (AICPA & CIMA · Professional body · Free / member)
BDO Accounting, Reporting & Compliance Hub (ARCH) (BDO · Firm guide · Free)
Deloitte DART – Roadmap Series (Deloitte · Firm guide · Free)
Grant Thornton Insights (Grant Thornton · Firm guide · Free)
KPMG Financial Reporting View (KPMG · Firm guide · Free)
PwC Viewpoint (PwC · Firm guide · Free / paid)
RSM Financial Reporting Resource Center (RSM · Firm guide · Free)
SEC – EDGAR Full Text Search (SEC · Regulator · Free)

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(Stated in millions)
Pretax Charge (Credit)	Tax Benefit (Expense)	Noncontrolling Interest	Net
First quarter:
Workforce reductions	158	10	-	148
Other merger and integration	49	1	4	44
Second quarter:
Impairment of equity method investment	69	12	-	57
Workforce reductions	66	3	-	63
Other merger and integration	35	4	4	27
Gain on sale of Palliser APS project	(149	(4	-	(145
Third quarter:
Amortization of inventory purchase accounting adjustment	66	15	-	51
Acquisition-related professional fees	61	-	-	61
Workforce reductions	57	4	-	53
Acquisition-related employee benefits	54	2	-	52
Impairment of equity-method investment	52	4	-	48
Other merger and integration	28	2	4	22
Fourth quarter:
Goodwill impairment	210	-	41	169
Workforce reductions	126	14	3	109
Amortization of inventory purchase accounting adjustment	100	23	-	77
Other merger and integration	125	21	12	92
Reversal of valuation allowance relating to deferred tax assets	-	92	-	(92
1,107	203	68	836