Company: BKR
Filing Date: 2025-07-23
Form Type: 10-Q
Source: 0001701605-25-000107
Chunk: 68

Company: Baker Hughes Co
Filing Date: 2025-07-23
Form: 10-Q
Item: Part I, Item 8
Chunk 68
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 8 9 Deferred taxes— (1)3 2 Other comprehensive income (loss)513 3 (7)509 Less: Other comprehensive loss attributable to noncontrolling interests1 — — 1 Balance at June 30, 2025$(2,351)$(4)$(298)$(2,653)Foreign Currency Translation AdjustmentsCash Flow HedgesBenefit PlansAccumulated Other Comprehensive LossBalance at December 31, 2023$(2,513)$(6)$(277)$(2,796)Other comprehensive loss before reclassifications(192)(3)— (195)Amounts reclassified from accumulated other comprehensive loss— — 9 9 Deferred taxes— 1 — 1 Other comprehensive income (loss)(192)(2)9 (185)Balance at June 30, 2024$(2,705)$(8)$(268)$(2,981)The amounts reclassified from accumulated other comprehensive loss during the six months ended June 30, 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.

Baker Hughes Company 2025 Second Quarter Form 10-Q | 13

Baker Hughes CompanyNotes to Unaudited Condensed Consolidated Financial Statements

NOTE 11. EARNINGS PER SHARE

Basic and diluted net income per share of Class A common stock is presented below:Three Months Ended June 30,Six Months Ended June 30,(In millions, except per share amounts)2025202420252024Net income$711 $581 $1,120 $1,044 Less: Net income attributable to noncontrolling interests10 2 17 10 Net income attributable to Baker Hughes Company$701 $579 $1,103 $1,034 Weighted average shares outstanding:Class A basic988 996 990 997 Class A diluted991 1,001 995 1,002 Net income per share attributable to common stockholders:Class A basic$0.71 $0.58 $1.11 $1.04 Class A diluted$0.71 $0.58