Company: BKR
Filing Date: 2025-07-23
Form Type: 10-Q
Source: 0001701605-25-000107
Chunk: 18

Company: Baker Hughes Co
Filing Date: 2025-07-23
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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7,354 Less: Allowance for credit losses(253)(232)Total current receivables, net$6,511 $7,122 Customer receivables are recorded at the invoiced amount. The "Other" category consists primarily of advance payments to suppliers and indirect taxes.The Company's customer receivables are spread over a broad and diverse group of customers across many countries. As of June 30, 2025, 17% of the Company's gross customer receivables were from customers in the U.S. As of December 31, 2024, 16% of the Company's gross customer receivables were from customers in the U.S. and 10% were from customers in Mexico. No other country accounted for more than 10% of the Company's gross customer receivables at these dates.

NOTE 3. INVENTORIES

Inventories, net of reserves of $384 million and $390 million as of June 30, 2025 and December 31, 2024, respectively, consist of the following:June 30, 2025December 31, 2024Finished goods$2,462 $2,494 Work in process and raw materials2,643 2,460 Total inventories, net$5,105 $4,954 

Baker Hughes Company 2025 Second Quarter Form 10-Q | 8

Baker Hughes CompanyNotes to Unaudited Condensed Consolidated Financial Statements

NOTE 4. OTHER INTANGIBLE ASSETS

Intangible assets consist of the following:June 30, 2025December 31, 2024GrossCarryingAmountAccumulatedAmortizationNetGrossCarryingAmountAccumulatedAmortizationNetCustomer relationships$1,935 $(940)$995 $1,921 $(883)$1,038 Technology1,210 (966)244 1,248 (981)267 Trade names and trademarks292 (203)89 290 (196)94 Capitalized software1,584 (1,200)384 1,522 (1,172)350 Finite-lived intangible assets5,021 (3,309)1,712 4,981 (3,232)1,749 Indefinite-lived intangible assets2,207 — 2,207 2,202 — 2,202