Company: BKR
Filing Date: 2025-04-23
Form Type: 10-Q
Source: 0001701605-25-000075
Chunk: 27

Company: Baker Hughes Co
Filing Date: 2025-04-23
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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-term variable lease17 24 Short-term lease119 140 Total operating lease expense$205 $238 Cash flows used in operating activities for operating leases approximate lease expense for the three months ended March 31, 2025 and 2024.The weighted-average remaining lease term as of March 31, 2025 and December 31, 2024 was approximately seven years for operating leases. The weighted-average discount rate used to determine the operating lease liability as of March 31, 2025 and December 31, 2024 was 4.3%.

Baker Hughes Company 2025 First Quarter Form 10-Q | 9

Baker Hughes CompanyNotes to Unaudited Condensed Consolidated Financial Statements

NOTE 8. DEBT

The carrying value of the Company's short-term and long-term debt consists of the following:March 31, 2025December 31, 2024Short-term debtOther debt$55 $53 Total short-term debt55 53    Long-term debt  2.061% Senior Notes due December 2026599 599 3.337% Senior Notes due December 20271,310 1,302 6.875% Notes due January 2029260 262 3.138% Senior Notes due November 2029523 523 4.486% Senior Notes due May 2030498 498 5.125% Senior Notes due September 20401,274 1,275 4.080% Senior Notes due December 20471,338 1,338 Other long-term debt167 173 Total long-term debt5,969 5,970 Total debt$6,024 $6,023 The estimated fair value of total debt at March 31, 2025 and December 31, 2024 was $5,639 million and $5,409 million, respectively. For a majority of the Company's debt, the fair value was determined using quoted period-end market prices. Where market prices are not available, the Company estimates fair values based on valuation methodologies using current market interest rate data adjusted for non-performance risk.The Company has a $3.0 billion committed unsecured revolving credit facility (the "Credit Agreement") with commercial banks maturing in November 2028. The Credit Agreement contains certain representations and warranties, certain affirmative covenants and negative covenants, in each case considered customary. No related events of default have occurred.