Company: BKR
Filing Date: 2025-07-23
Form Type: 10-Q
Source: 0001701605-25-000107
Chunk: 106

Company: Baker Hughes Co
Filing Date: 2025-07-23
Form: 10-Q
Item: Part I, Item 2
Chunk 106
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 calculated as the year-over-year change in cost (i.e. price paid) of direct material, compensation and benefits, and overhead costs.

Productivity: Productivity is measured by the remaining variance in profit, after adjusting for the period-over-period impact of volume and price, foreign exchange, and (inflation)/deflation as defined above. Improved or lower period-over-period cost productivity is the result of cost efficiencies or inefficiencies, such as cost decreasing or increasing more than volume, or cost increasing or decreasing less than volume, or changes in sales mix among segments. This also includes the period-over-period variance of transactional foreign exchange, aside from those foreign currency devaluations that are reported separately for business evaluation purposes.

Orders and Remaining Performance Obligations

Summarized orders information for our segments are shown in the following table.

Three Months Ended June 30,$ ChangeSix Months Ended June 30,$ Change2025202420252024Orders:Oilfield Services & Equipment$3,503 $4,068 $(565)$6,784 $7,692 $(909)Gas Technology Equipment781 1,493 (712)2,116 2,723 (607)Gas Technology Services986 769 218 1,899 1,461 439 Total Gas Technology1,767 2,261 (494)4,015 4,183 (168)Industrial Products513 524 (12)1,013 1,070 (57)Industrial Solutions327 281 46 608 538 70 Total Industrial Technology839 805 34 1,621 1,608 13 Climate Technology Solutions (1)923 392 531 1,071 585 486 Industrial & Energy Technology3,530 3,458 72 6,708 6,376 332 Total$7,032 $7,526 $(494)$13,492 $14,068 $(577)

(1)For the three and six months ended June 30, 2025 and 2024, total new energy orders incorporates CTS in IET.

The Remaining Performance Obligations ("RPO") relate to the aggregate amount of the transaction price allocated to the unsatisfied (or partially unsatisfied) performance obligations. As of June 30, 2025, RPO totaled $34 billion, of which OFSE totaled $2.7 billion, and IET totaled $31