Company: BKR
Filing Date: 2025-04-23
Form Type: 10-Q
Source: 0001701605-25-000075
Chunk: 30

Company: Baker Hughes Co
Filing Date: 2025-04-23
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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 31, 2023$(2,513)$(6)$(277)$(2,796)Other comprehensive income (loss) before reclassifications(63)2 (1)(62)Amounts reclassified from accumulated other comprehensive loss— 1 3 4 Deferred taxes— (1)— (1)Other comprehensive income (loss)(63)2 2 (59)Balance at March 31, 2024$(2,576)$(4)$(275)$(2,855)The amounts reclassified from accumulated other comprehensive loss during the three months ended March 31, 2025 and 2024 represent (i) net gains (losses) reclassified on cash flow hedges when the hedged transaction occurs, and (ii) the amortization of net actuarial gain (loss), prior service credit, settlements, and curtailments which are included in the computation of net periodic pension cost.

NOTE 11. EARNINGS PER SHARE

Basic and diluted net income per share of Class A common stock is presented below:Three Months Ended March 31,(In millions, except per share amounts)20252024Net income$409 $463 Less: Net income attributable to noncontrolling 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 2