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

Company: Baker Hughes Co
Filing Date: 2025-02-04
Form: 10-K
Item: Item 8
Chunk 25
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 31, 2024 and 2023 was 4.3% and 3.9%, respectively.

Baker Hughes Company 2024 Form 10-K | 70

Baker Hughes CompanyNotes to Consolidated Financial Statements

NOTE 9. DEBT

The carrying value of the Company's short-term and long-term debt consists of the following at December 31:20242023AmountEffective InterestRate (1)AmountEffective InterestRate (1)Short-term and current portion of long-term debt8.55% Debentures due June 2024 (2)$— — %$109 4.1 %Other debt53 4.6 %39 4.9 %Total short-term and current portion of long-term debt53 148 Long-term debt  2.061% Senior Notes due December 2026599 2.4 %598 2.4 %3.337% Senior Notes due December 20271,302 5.4 %1,294 5.3 %6.875% Notes due January 2029 (2)262 3.9 %268 3.9 %3.138% Senior Notes due November 2029523 3.2 %523 3.2 %4.486% Senior Notes due May 2030498 4.6 %498 4.6 %5.125% Senior Notes due September 2040 (2)1,275 4.2 %1,281 4.2 %4.080% Senior Notes due December 20471,338 4.1 %1,338 4.1 %Other long-term debt173 4.2 %73 6.3 %Total long-term debt5,970 5,872 Total debt$6,023 $6,020 (1)Effective interest rate is based on the carrying value including issuance costs, interest rate swaps, and step-up adjustments from the Baker Hughes Incorporated ("BHI") acquisition recorded for certain Senior Notes and Debentures.(2)Represents long-term fixed rate debt obligations assumed in connection with the acquisition of BHI.The carrying value of short-term and long-term debt includes issuance costs, changes in fair value of the debt instrument hedged by interest rate swaps, and step-up adjustments for the BHI acquisition. At December 31, 2024 and