Company: BKR
Filing Date: 2025-07-23
Form Type: 10-Q
Source: 0001701605-25-000107
Chunk: 77

Company: Baker Hughes Co
Filing Date: 2025-07-23
Form: 10-Q
Item: Part I, Item 8
Chunk 77
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 and $11 million and $10 million for the six months ended June 30, 2025 and 2024, respectively.(2)Other income (expense), net excludes immaterial amounts recorded within Segment EBITDA and corporate costs for the three and six months ended June 30, 2025. See "Note 17. Other (Income) Expense, Net" for further information.

Baker Hughes Company 2025 Second Quarter Form 10-Q | 20

Baker Hughes CompanyNotes to Unaudited Condensed Consolidated Financial Statements

The following table presents total assets:AssetsJune 30, 2025December 31, 2024OFSE$18,440 $18,781 IET13,891 13,838 Total segment32,331 32,619 Corporate and eliminations (1)6,409 5,744 Total$38,740 $38,363 (1)The assets reported in Corporate and eliminations consist primarily of the Baker Hughes trade name, cash, and tax assets. It also includes adjustments to eliminate intercompany investments and receivables reflected within the total assets of each of the reportable segments.The following table presents depreciation and amortization:Three Months Ended June 30,Six Months Ended June 30,Depreciation and amortization2025202420252024OFSE$233 $223 $459 $445 IET56 55 109 111 Total segment289 278 568 556 Corporate5 6 11 10 Total$293 $283 $579 $566 The following table presents capital expenditures:Three Months Ended June 30,Six Months Ended June 30,Capital expenditures2025202420252024OFSE$213 $217 $414 $476 IET69 65 154 135 Total segment282 282 568 611 Corporate19 10 33 14 Total$301 $292 $601 $625 

NOTE 15. RELATED PARTY TRANSACTIONS

The Company has an aeroderivative joint venture ("Aero JV") that is jointly controlled by GE Vernova (NYSE: GEV) and the Company, each with an ownership interest of 50%. The Company had purchases from the Aero JV of $226 million and $173 million during the three months ended June 30, 2025 and 2024, respectively, and $374