Company: BKR
Filing Date: 2025-02-04
Form Type: 10-K
Source: 0001701605-25-000035
Chunk: 8

Company: Baker Hughes Co
Filing Date: 2025-02-04
Form: 10-K
Item: Item 8
Chunk 8
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17,211 16,301 Property, plant and equipment, less accumulated depreciation5,127 4,893 Goodwill6,078 6,137 Other intangible assets, net3,951 4,093 Contract and other deferred assets1,730 1,756 Deferred income tax assets1,284 722 All other assets2,982 3,043 Total assets$38,363 $36,945 LIABILITIES AND EQUITYCurrent Liabilities:Accounts payable$4,542 $4,471 Short-term and current portion of long-term debt53 148 Progress collections and deferred income5,672 5,542 All other current liabilities2,724 2,830 Total current liabilities12,991 12,991 Long-term debt5,970 5,872 Liabilities for pensions and other postretirement benefits988 978 Deferred income tax liabilities83 176 All other liabilities1,276 1,409 Equity:Class A common stock, $0.0001 par value - 2,000 authorized, 990 and 998 issued and outstanding as of December 31, 2024 and 2023, respectively— — Class B common stock, $0.0001 par value - 1,250 authorized, nil issued and outstanding as of December 31, 2024 and 2023— — Capital in excess of par value25,896 26,983 Retained loss(5,840)(8,819)Accumulated other comprehensive loss(3,161)(2,796)Baker Hughes Company equity16,895 15,368 Noncontrolling interests160 151 Total equity17,055 15,519 Total liabilities and equity$38,363 $36,945 

See accompanying Notes to Consolidated Financial Statements

Baker Hughes Company 2024 Form 10-K | 57

BAKER HUGHES COMPANY

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

(In millions, except per share amounts)Class A and Class B Common StockCapital in Excess of Par ValueRetained Earnings (Loss)Accumulated Other Comprehensive LossNon-controlling InterestsTotalBalance at December 31, 2021— $27,375 $(10,160)$(2,385)$1,916 $16,746 Comprehensive loss:Net