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cybersecurity incident. In the event there is a cyber security incident, an Incident Response Team will assess the cybersecurity
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We have an Incident Response Plan that defines and documents procedures for assessing, identifying, and managing a cybersecurity incident. In the event there is a cybersecurity incident, an Incident Response Team will assess the cybersecurity incident’s impact as the basis for assigning a preliminary severity rating. This team then provides the Chief Information Security Officer (CISO) with a summary and preliminary severity rating and the CISO subsequently notifies the Chief Information Officer (CIO) as appropriate. The CISO and CIO will assess situational information and business impact to finalize the severity rating. The CISO is then responsible for communicating incidents to other members of management as appropriate. Were a cybersecurity incident to occur that was determined to be material by our management and Cyber Incident Response Leadership, our Chief Executive Officer would notify our Board of Directors. Should any incidents occur that have a preliminary severity rating of high or critical, our Cyber Incident Response Leadership would confer with our Cybersecurity Disclosure Committee to determine whether to report the cybersecurity incident in our public filings.
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remediating vulnerabilities and incidents. Nevertheless, we have experienced cybersecurity incidents and attempted breaches in
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data on certain cybersecurity metrics, information on internal and third-party cybersecurity incidents, and general discussion of
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Were a cybersecurity incident to occur that was determined to be material by our management and Cyber Incident Response
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Aside from more immediate reporting of material incidents to our Board of Directors as described above, our CISO provides our Board of Directors an update on cybersecurity during each of its quarterly meetings. This update includes data on certain cybersecurity metrics, information on internal and third-party cybersecurity incidents, and general discussion of cybersecurity risks. In addition, our Audit Committee receives a detailed update annually from the CIO and CISO, which includes in-depth updates on our cybersecurity program and strategy including cybersecurity risks.
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Disclosure Committee to determine whether to report the cybersecurity incident in our public filings.
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management or workforce attention; and increased costs required to prevent, respond to, or mitigate cybersecurity incidents.
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preliminary severity rating of high or critical, our Cyber Incident Response Leadership would confer with our Cybersecurity
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We have experienced cybersecurity incidents and attempted breaches in the past, one of which resulted in an
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or our customers’ or suppliers’ systems, for protecting against cybersecurity incidents prove to be insufficient, a future
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cybersecurity incident could have a material adverse effect on our business, operations, or consolidated financial condition. See
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with whom we may share data and services, to protect their digital technologies and services from cybersecurity incidents.
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If our systems, or our customers’ or suppliers’ systems, for protecting against cybersecurity incidents prove not to be
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related to a cybersecurity incident, a gain on an equity investment and other items. See Notes to Condensed Consolidated
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terminations, a reserve release related to a cybersecurity incident, a gain on an equity investment and other items, primarily
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impairment of facility closures and lease terminations, a reserve release related to a cybersecurity incident, a gain on an equity
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technologies and services, and those of our customers and suppliers, are subject to the risk of cybersecurity incidents and, given
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cybersecurity incident from the third quarter of 2024 for $ 10 million and a gain of $ 6 million related to an equity investment.
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cybersecurity incident, and $ 12 million classified as other, and were partially offset by a $ 43 million gain related to a fair value
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of assets held for sale, a reserve release related to a cybersecurity incident, a gain on an equity investment and other items.
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impairment of assets held for sale, expenses related to a cybersecurity incident, a gain on a fair value adjustment of an equity
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determined was a material cybersecurity incident as previously disclosed in a Form 8-K we filed with the SEC on September 3,
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of assets held for sale, $ 35 million in expenses related to a cybersecurity incident, and $ 12 million of other charges, and were
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costs, an impairment of assets held for sale, expenses related to a cybersecurity incident, a gain on a fair value adjustment of an
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were a release of accruals related to a cybersecurity incident from the third quarter of 2024 for $ 10 million and a gain of $ 6
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Even if we successfully defend our own digital technologies and services, we also rely on our customers and suppliers, with whom we may share data and services, to protect their digital technologies and services from cybersecurity incidents.
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… Our digital technologies and services, and those of our customers and suppliers, are subject to the risk of cybersecurity incidents and, given the nature of such incidents, some can remain undetected for a period of time despite efforts to detect and respond to them in a timely manner. We routinely monitor our systems for cybersecurity threats and have processes in …
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• Recorded a pre-tax charge of $116 million in the third quarter of 2024 as a result of severance costs, an impairment of assets held for sale, expenses related to a cybersecurity incident, a gain on an equity investment, and other items. This charge was included in “Impairments and other charges” in the Company’s Condensed Consolidated Statements of Operations.
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Impairments and other charges. During 2024, we took a pre-tax charge of $116 million primarily related to severance costs, an impairment of assets held for sale, expenses related to a cybersecurity incident, a gain on a fair value adjustment of an equity investment, and other items. See Notes to Consolidated Financial Statements, Note 2 for further discussion on these charges.
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Three Months Ended September 30, June 30, 2025 2024 2025 Operating income $356 $871 $727 Impairments and other charges: Severance costs 169 63 — Fixed and Other assets write-offs 115 — — Impairment of assets held for sale 96 49 — Cybersecurity incident -10 35 — Gain on investment -6 -43 — Other 28 12 — Total impairments and other charges 392 116 — (a) Adjusted operating income (b) (c) $748 $987 $727
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The CIO leads all components of our IT functions. Our CIO has over 20 years of experience with Halliburton and has had numerous global assignments across all areas of IT delivery, operations, and management. Our CISO, who reports directly to our Executive Vice President of Administration and Chief Human Resources Officer, has over 20 years of technology and cybersecurity experience across global enterprises, risk advisory, and incident response firms.
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Three Months Ended December 31, September 30, 2025 2024 2025 Operating income $746 $932 $356 Impairments and other charges: Equity in earnings loss 50 — — Impairment of assets held for 24 — 96 sale Severance costs 23 — 169 Fixed and Other assets write-offs — — 115 Gain on investment — — -6 Cybersecurity incident — — -10 Other -14 — 28 Total impairments and other 83 — 392 charges (a) Adjusted operating income (b) (c) $829 $932 $748
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Nine Months Ended September 30, 2025 2024 Operating income $1,514 $2,890 Impairments and other charges: Severance costs 276 63 Impairment of assets held for sale 200 49 Fixed and Other assets write-offs 115 — Impairment of real estate facilities 53 — Cybersecurity incident -10 35 Gain on investment -6 -43 Other 120 12 Total impairments and other charges (a) 748 116 Adjusted operating income (b) (c) $2,262 $3,006
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Year Ended ───────────────────────────────────────────────────────────────── December 31, 2025 2024 Operating income $2,260 $3,822 Impairments and other charges: 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 (a) 831 116 Adjusted operating income (b) (c) $3,091 $3,938
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… Severance 63 — Impairment of assets held for 49 — sale Cybersecurity 35 — incident Gain on an equity -43 — investment Other 12 — Total impairments and other charges 116 — (a) Adjusted operating income $ 3,938 $ 4,083 (b) (c) During the year ended December 31, 2024, Halliburton recognized a pre-tax charge of $116 million as a result of severance costs, (a) an …
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… Severance 63 — Impairment of assets held for 49 — sale Cybersecurity 35 — incident Gain on an equity -43 — investment Other 12 — Total impairments and 116 — other charges (a) Adjusted operating income $ 3,006 $ 3,025 (b) (c) During the nine months ended September 30, 2024, Halliburton recognized a pre-tax charge of $116 million as a result of severance costs, (a …
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… During thethreemonths endedSeptember 30, 2024, Halliburton recognized a pre-tax charge of$116 millionas a result of severance costs,an impairment of assets held for sale, expenses related to a cybersecurity incident, a gain on a fair value adjustment of anequity investment, and other items. Adjusted operatingincomeis a non-GAAP financial measure which is calculated as: “Operatingincome” plus “Totalimpairments and …
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… thenine months endedSeptember 30, 2024, Halliburton recognized a pre-tax charge of$116 millionas aresult of severance costs, an impairment of assets held for sale, expenses related to a cybersecurity incident, a gainon a fair value adjustment of an equity investment, and other items. Adjusted operatingincomeis a non-GAAP financial measure which is calculated as: “Operatingincome” plus “Totalimpairments and other …
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