Company: BKR
Filing Date: 2025-02-04
Form Type: 10-K
Source: 0001701605-25-000035
Chunk: 41

Company: Baker Hughes Co
Filing Date: 2025-02-04
Form: 10-K
Item: Item 8
Chunk 41
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 below:(In millions, except per share amounts)202420232022Net income (loss)$3,008 $1,970 $(578)Less: Net income attributable to noncontrolling interests29 27 23 Net income (loss) attributable to Baker Hughes Company$2,979 $1,943 $(601)Weighted average shares outstanding:Class A basic994 1,008 987 Class A diluted1,001 1,015 987 Net income (loss) per share attributable to common stockholders:Class A basic$3.00 $1.93 $(0.61)Class A diluted$2.98 $1.91 $(0.61)For the years ended December 31, 2024 and 2023, Class A diluted shares include the dilutive impact of equity awards except for approximately 1 million and 2 million options, respectively, that were excluded because the exercise price exceeded the average market price of the Company's Class A common stock and is therefore antidilutive. For the year ended December 31, 2022, the Company excluded all outstanding equity awards from the computation of diluted net loss per share because their effect is antidilutive.

Baker Hughes Company 2024 Form 10-K | 84

Baker Hughes CompanyNotes to Consolidated Financial Statements

NOTE 15. FINANCIAL INSTRUMENTS

RECURRING FAIR VALUE MEASUREMENTSThe Company's assets and liabilities measured at fair value on a recurring basis consist of derivative instruments and investment securities.20242023Level 1Level 2Level 3Net BalanceLevel 1Level 2Level 3Net BalanceAssets   Derivatives$— $11 $— $11 $— $34 $— $34 Investment securities1,282 — 2 1,284 1,040 — 2 1,042 Total assets1,282 11 2 1,295 1,040 34 2 1,076 Liabilities   Derivatives— (64)— (64)— (76)— (76)Total liabilities$— $(64)$— $(64)$— $(76)$— $(76)20242023Amortized CostGross Unrealized GainsGross Unrealized LossesEstimated Fair ValueAmortized CostGross Unrealized GainsG