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

Company: Baker Hughes Co
Filing Date: 2025-07-23
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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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 $(22) million and $45 million for the six months ended June 30, 2025 and 2024, respectively.(2)As of June 30, 2025, the Company's non-U.S. debt securities are classified as available for sale securities and mature within one year.As of June 30, 2025 and December 31, 2024, the balance of the Company's equity securities with readily determinable fair values is $1,277 million and