HALLIBURTON CO
For the period ended Dec 31, 2025. Filed Feb 6, 2026.
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FY2025 · Filed Feb 6, 2026
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Impairments and Other Charges
Note 2. Impairments and Other Charges
The following table presents various pre-tax charges we recorded during theyears ended December 31, 2025 and
2024, which are reflected within “Impairments and other charges” on our Consolidated Statements of Operations.
| Year Ended December 31, | |||
|---|---|---|---|
| Millions of dollars | 2025 | 2024 | 2023 |
| Severance costs | $299 | $63 | $— |
| Impairment of assets held for sale | 224 | 49 | — |
| Fixed and Other assets write-offs | 115 | — | — |
| Impairment of real estate facilities | 53 | — | — |
| Equity in earnings loss | 50 | — | — |
| Gain on investment | (6) | (43) | — |
| Cybersecurity incident | (10) | 35 | — |
| Other | 106 | 12 | — |
| Total impairments and other charges | $831 | $116 | $— |
| Table of Contents | Item 8 | Notes to Consolidated Financial Statements |
|---|
For theyear ended December 31, 2025, the charges included$299 million of severance costs,$224 million of an
impairment of assets held for sale related to our chemical business, fixed and other asset write-offs of$115 million, a$53
million impairment associated with facility closures and lease terminations,$50 million equity in earnings loss, and$106
million of other charges, primarily related to legacy environmental remediation cost estimate increases. Offsetting these charges
were a release of accruals related to a cybersecurity incident from the third quarter of 2024 for$10 million and a gain of$6
million related to an equity investment.
For theyear ended December 31, 2024, the charges included$63 million of severance costs, a$49 million impairment
ofassets held for sale,$35 million in expenses related to a cybersecurity incident, and$12 million of other charges, and were
partially offset by a$43 million gain related to a fair value adjustment on an equity investment.
For the year ended December 31, 2023, there wereno amounts recorded in impairment and other charges.
| Table of Contents | Item 8 | Notes to Consolidated Financial Statements |
|---|
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