Halliburton 2009 Annual Report Download - page 78

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59
December 31
Millions of dollars
2009
2008
2007
Total assets:
Completion and Production
$ 5,920
$ 5,936
$ 4,763
Drilling and Evaluation
6,204
6,205
4,685
Shared assets
914
648
672
Corporate and other
3,500
1,596
3,015
Total
$ 16,538
$ 14,385
$ 13,135
Not all assets are associated with specific segments. Those assets specific to segments include
receivables, inventories, certain identified property, plant, and equipment (including field service
equipment), equity in and advances to related companies, and goodwill. The remaining assets, such as
cash, are considered to be shared among the segments.
Revenue by country is determined based on the location of services provided and products sold.
Operations by geographic area
Year Ended December 31
Millions of dollars
2009
2008
2007
Revenue:
United States
$ 5,248
$ 7,775
$ 6,673
Other countries
9,427
10,504
8,591
Total
$ 14,675
$ 18,279
$ 15,264
December 31
Millions of dollars
2009
2008
2007
Long-lived assets:
United States
$ 4,274
$ 3,571
$ 2,733
Other countries
3,401
3,027
2,263
Total
$ 7,675
$ 6,598
$ 4,996
Note 3. Receivables
Our trade receivables are generally not collateralized. At December 31, 2009, 26% of our gross
trade receivables were from customers in the United States. At December 31, 2008, 34% of our gross trade
receivables were from customers in the United States. No other country or single customer accounted for
more than 10% of our gross trade receivables at these dates.
The following table presents a rollforward of our allowance for bad debts for 2007, 2008, and
2009.
Balance at
Charged to
Millions of dollars
Beginning of
Costs and
Balance at
Allowance for bad debts
Period
Expenses
Write-Offs
End of Period
Year ended December 31, 2007:
$ 40
$ 10
$ (1)
$ 49
Year ended December 31, 2008:
49
14
(3)
60
Year ended December 31, 2009:
60
37
(7)
90