Company: BKR
Filing Date: 2025-07-23
Form Type: 10-Q
Source: 0001701605-25-000107
Chunk: 69

Company: Baker Hughes Co
Filing Date: 2025-07-23
Form: 10-Q
Item: Part I, Item 8
Chunk 69
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 $1.11 $1.03 For the three and six months ended June 30, 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.

Baker Hughes Company 2025 Second Quarter Form 10-Q | 14

Baker Hughes CompanyNotes to Unaudited Condensed Consolidated Financial Statements

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.June 30, 2025December 31, 2024Level 1Level 2Level 3Net BalanceLevel 1Level 2Level 3Net BalanceAssets   Derivatives$— $17 $— $17 $— $11 $— $11 Investment securities1,277 — 15 1,292 1,282 — 2 1,284 Total assets1,277 17 15 1,309 1,282 11 2 1,295 LiabilitiesDerivatives— (44)— (44)— (64)— (64)Total liabilities$— $(44)$— $(44)$— $(64)$— $(64)June 30, 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 securities557 760 (40)1,277 544 737 — 1,281 Total$572 $760 $(40)$1,292 $547 $737 $— $1,284 (1)Net gains (losses) recorded to earnings related to these securities were $119 million and $19 million for the three months ended June 30, 2025 and 2024, respectively, and $(