Company: BKR
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0001701605-25-000117
Chunk: 86

Company: Baker Hughes Co
Filing Date: 2025-10-24
Form: 10-Q
Item: Part I, Item 8
Chunk 86
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 30, 2025. See "Note 17. Other (Income) Expense, Net" for further information.

Baker Hughes Company 2025 Third Quarter Form 10-Q | 21

Baker Hughes CompanyNotes to Unaudited Condensed Consolidated Financial Statements

The following table presents total assets:AssetsSeptember 30, 2025December 31, 2024OFSE$18,157 $18,781 IET14,469 13,838 Total segment32,626 32,619 Corporate and eliminations (1)6,607 5,744 Total$39,233 $38,363 (1)The assets reported in Corporate and eliminations consist primarily of the Baker Hughes trade name, cash, and tax assets. It also includes adjustments to eliminate intercompany investments and receivables reflected within the total assets of each of the reportable segments.The following table presents depreciation and amortization:Three Months Ended September 30,Nine Months Ended September 30,Depreciation and amortization2025202420252024OFSE$221 $218 $680 $663 IET55 54 164 165 Total segment276 272 844 828 Corporate6 6 17 16 Total$282 $278 $861 $844 The following table presents capital expenditures:Three Months Ended September 30,Nine Months Ended September 30,Capital expenditures2025202420252024OFSE$213 $226 $627 $702 IET67 62 221 197 Total segment280 288 848 899 Corporate15 12 48 26 Total$295 $300 $896 $925 

NOTE 15. RELATED PARTY TRANSACTIONS

The Company has an aeroderivative joint venture ("Aero JV") that is jointly controlled by GE Vernova (NYSE: GEV) and the Company, each with an ownership interest of 50%. The Company had purchases from the Aero JV of $224 million and $157 million during the three months ended September 30, 2025 and 2024, respectively, and $598 million and $432 million during the nine months ended September 30, 2025 and 2024, respectively. The Company had $108 million and $117 million of amounts due at September 30, 2025 and December 31, 2024, respectively,