Company: BKR
Filing Date: 2025-02-04
Form Type: 10-K
Source: 0001701605-25-000035
Chunk: 48

Company: Baker Hughes Co
Filing Date: 2025-02-04
Form: 10-K
Item: Item 8
Chunk 48
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,250)(2,182)Segment operating income$1,988 $1,830 $3,818 2023OFSEIETTotalRevenue $15,361 $10,145 $25,506 Cost of goods and services sold(12,282)(7,220)(19,502)Research and development(278)(373)(651)Selling, general and administrative(1,055)(1,242)(2,297)Segment operating income$1,746 $1,310 $3,055 2022OFSEIETTotalRevenue $13,229 $7,926 $21,156 Cost of goods and services sold(10,789)(5,342)(16,131)Research and development(228)(307)(535)Selling, general and administrative(1,011)(1,142)(2,153)Segment operating income$1,201 $1,135 $2,336 Reconciliation of segment operating income to income before income taxes:202420232022OFSE$1,988 $1,746 $1,201 IET1,830 1,310 1,135 Total segment3,818 3,055 2,336 Corporate costs (1)(363)(380)(416)Inventory impairment (2)(73)(35)(31)Restructuring, impairment and other(301)(323)(705)Other non-operating income (loss), net382 554 (911)Interest expense, net(198)(216)(252)Income before income taxes$3,265 $2,655 $22 (1)Corporate costs of $274 million, $313 million, and $357 million are reported in "Selling, general and administrative" related to general and administrative costs not allocated to the segments in the consolidated statements of income (loss) for the years ended December 31, 2024, 2023 and 2022, respectively. Corporate costs of $89 million, $67 million, and $59 million are reported in "Cost of goods and services sold" primarily related to licensing costs not allocated to the segments in the consolidated statements of income (loss) for the years ended December 31, 2024, 2023 and 2022, respectively.(2)Charges for inventory impairments are reported in "Cost of goods sold" in the consolidated statements of income (loss).

Baker Hughes Company