Company: BKR
Filing Date: 2025-04-23
Form Type: 10-Q
Source: 0001701605-25-000075
Chunk: 31

Company: Baker Hughes Co
Filing Date: 2025-04-23
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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Level 3Net BalanceAssets   Derivatives$— $13 $— $13 $— $11 $— $11 Investment securities1,154 — 15 1,169 1,282 — 2 1,284 Total assets1,154 13 15 1,182 1,282 11 2 1,295 LiabilitiesDerivatives— (52)— (52)— (64)— (64)Total liabilities$— $(52)$— $(52)$— $(64)$— $(64)March 31, 2025December 31, 2024Amortized CostGross Unrealized GainsGross Unrealized LossesEstimated Fair ValueAmortized CostGross Unrealized GainsGross Unrealized LossesEstimated Fair ValueInvestment securities (1)      Non-U.S. debt securities (2)$15 $— $— $15 $3 $— $— $3 Equity securities555 639 (40)1,154 544 737 — 1,281 Total$570 $639 $(40)$1,169 $547 $737 $— $1,284 (1)Net gains (losses) recorded to earnings related to these securities were $(140) million and $27 million for the three months ended March 31, 2025 and 2024, respectively.(2)As of March 31, 2025, the Company's non-U.S. debt securities are classified as available for sale securities and mature within one year.As of March 31, 2025 and December 31, 2024, the balance of the Company's equity securities with readily determinable fair values is $1,154 million and $1,281 million, respectively, and is comprised mainly of the Company's investment in Abu Dhabi National Oil Company Drilling, and is recorded primarily in "All other current assets" in the condensed consolidated statements of financial position. The Company measured its investments at fair value based on quoted prices in active markets. Net gains (losses) related to the Company's equity securities with readily determinable fair values are reported in "Other (income) expense, net" in the condensed consolidated statements of income (loss). See "Note 18. Other (Income) Expense, Net" for