Company: BKR
Filing Date: 2025-04-23
Form Type: 10-Q
Source: 0001701605-25-000075
Chunk: 29

Company: Baker Hughes Co
Filing Date: 2025-04-23
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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 conditions, and other factors, including regulatory restrictions. The repurchase program may be suspended or discontinued at any time and does not have a specified expiration date. During the three months ended March 31, 2025, the Company repurchased and canceled 4.4 million shares of Class A common stock for $188 million, representing an average price per share of $42.69. During the three months ended March 31, 2024, the Company repurchased and canceled 5.4 million shares of Class A common stock for $158 million, representing an average price per share of $29.32. As of March 31, 2025, the Company had authorization remaining to repurchase up to approximately $1.5 billion of its Class A common stock.The following table presents the changes in the number of shares outstanding (in thousands):Class ACommon Stock20252024Balance at January 1989,646 997,709 Issue of shares upon vesting of restricted stock units (1)4,643 4,745 Issue of shares on exercise of stock options (1)76 — Issue of shares for employee stock purchase plan401 458 Repurchase and cancellation of Class A common stock(4,406)(5,399)Balance at March 31990,361 997,513 (1)Share amounts reflected above are net of shares withheld to satisfy the employee's tax withholding obligation.

Baker Hughes Company 2025 First Quarter Form 10-Q | 11

Baker Hughes CompanyNotes to Unaudited Condensed Consolidated Financial Statements

ACCUMULATED OTHER COMPREHENSIVE LOSSThe following tables present the changes in accumulated other comprehensive loss, net of tax:Foreign Currency Translation AdjustmentsCash Flow HedgesBenefit PlansAccumulated Other Comprehensive LossBalance at December 31, 2024$(2,863)$(7)$(291)$(3,161)Other comprehensive income (loss) before reclassifications188 — (4)184 Amounts reclassified from accumulated other comprehensive loss— 2 4 6 Deferred taxes— — 1 1 Other comprehensive income188 2 1 191 Less: Other adjustments— 1 (1)— Balance at March 31, 2025$(2,675)$(6)$(289)$(2,970)Foreign Currency Translation AdjustmentsCash Flow HedgesBenefit PlansAccumulated Other Comprehensive LossBalance at December