Company: BKR
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0001701605-25-000117
Chunk: 73

Company: Baker Hughes Co
Filing Date: 2025-10-24
Form: 10-Q
Item: Part I, Item 8
Chunk 73
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4.6% and 4.3%, respectively.

Baker Hughes Company 2025 Third Quarter Form 10-Q | 11

Baker Hughes CompanyNotes to Unaudited Condensed Consolidated Financial Statements

NOTE 8. DEBT

The carrying value of the Company's short-term and long-term debt consists of the following:September 30, 2025December 31, 2024Short-term debtOther debt$68 $53 Total short-term debt68 53    Long-term debt  2.061% Senior Notes due December 2026599 599 3.337% Senior Notes due December 20271,320 1,302 6.875% Notes due January 2029257 262 3.138% Senior Notes due November 2029524 523 4.486% Senior Notes due May 2030498 498 5.125% Senior Notes due September 20401,271 1,275 4.080% Senior Notes due December 20471,338 1,338 Other long-term debt181 173 Total long-term debt5,988 5,970 Total debt$6,056 $6,023 The estimated fair value of total debt at September 30, 2025 and December 31, 2024 was $5,624 million and $5,409 million, respectively. For a majority of the Company's debt, the fair value was determined using quoted period-end market prices. Where market prices are not available, the Company estimates fair values based on valuation methodologies using current market interest rate data adjusted for non-performance risk.The Company has a $3.0 billion committed unsecured revolving credit facility (the "Credit Agreement") with commercial banks maturing in November 2028. The Credit Agreement contains certain representations and warranties, certain affirmative covenants and negative covenants, in each case considered customary. No related events of default have occurred. The Credit Agreement is fully and unconditionally guaranteed on a senior unsecured basis by Baker Hughes. At September 30, 2025 and December 31, 2024, there were no borrowings under the Credit Agreement.On July 28, 2025, Baker Hughes Holdings LLC ("BHH LLC") entered into a commitment letter providing for a $14.9 billion senior unsecured 364-day bridge facility (the "Bridge Facility") to finance all or a portion of the Chart Industries, Inc. ("Chart")