Company: BKR
Filing Date: 2025-04-23
Form Type: 10-Q
Source: 0001701605-25-000075
Chunk: 67

Company: Baker Hughes Co
Filing Date: 2025-04-23
Form: 10-Q
Item: Part I, Item 8
Chunk 67
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 interests7 8 Net income attributable to Baker Hughes Company$402 $455 Weighted average shares outstanding:Class A basic992 998 Class A diluted999 1,004 Net income per share attributable to common stockholders:Class A basic$0.41 $0.46 Class A diluted$0.40 $0.45 

Baker Hughes Company 2025 First Quarter Form 10-Q | 12

Baker Hughes CompanyNotes to Unaudited Condensed Consolidated Financial Statements

For the three months ended March 31, 2025 and 2024, Class A diluted shares include the dilutive impact of equity awards except for approximately nil and 1 million options, respectively, that were excluded because the exercise price exceeded the average market price of the Company's Class A common stock and is therefore antidilutive.

NOTE 12. FINANCIAL INSTRUMENTS

RECURRING FAIR VALUE MEASUREMENTSThe Company's assets and liabilities measured at fair value on a recurring basis consist of derivative instruments and investment securities.March 31, 2025December 31, 2024Level 1Level 2Level 3Net BalanceLevel 1Level 2Level 3Net BalanceAssets   Derivatives$— $13 $— $13 $— $11 $— $11 Investment securities1,154 — 15 1,169 1,282 — 2 1,284 Total assets1,154 13 15 1,182 1,282 11 2 1,295 LiabilitiesDerivatives— (52)— (52)— (64)— (64)Total liabilities$— $(52)$— $(52)$— $(64)$— $(64)March 31, 2025December 31, 2024Amortized CostGross Unrealized GainsGross Unrealized LossesEstimated Fair ValueAmortized CostGross Unrealized GainsGross Unrealized LossesEstimated Fair ValueInvestment securities (1)      Non-U.S. debt securities (2)$15 $— $— $15 $3 $— $— $3 Equity securities555 639 (40)1,154 544 737 — 1,281 Total$570 $639 $(40