Company: BKR
Filing Date: 2025-02-04
Form Type: 10-K
Source: 0001701605-25-000035
Chunk: 22

Company: Baker Hughes Co
Filing Date: 2025-02-04
Form: 10-K
Item: Item 8
Chunk 22
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 (1)$297 $332 Buildings, structures and related equipment5 - 40 years2,347 2,264 Machinery, equipment and other1 - 20 years8,539 7,974 Total cost11,183 10,570 Less: Accumulated depreciation (6,056)(5,678)Property, plant and equipment, less accumulated depreciation $5,127 $4,893 (1)Useful life excludes land.Depreciation expense relating to property, plant and equipment was $870 million, $830 million and $839 million for the years ended December 31, 2024, 2023 and 2022, respectively. See "Note 20. Restructuring, Impairment and Other" for additional information on property, plant and equipment impairments.

Baker Hughes Company 2024 Form 10-K | 67

Baker Hughes CompanyNotes to Consolidated Financial Statements

NOTE 5. GOODWILL AND INTANGIBLE ASSETS

GOODWILLThe changes in the carrying value of goodwill are detailed below by segment:Oilfield Services & EquipmentIndustrial & Energy TechnologyTotalBalance at December 31, 2022, gross$19,708 $4,752 $24,460 Accumulated impairment at December 31, 2022(18,276)(254)(18,530)Balance at December 31, 20221,432 4,498 5,930 Acquisitions95 43 138 Currency exchange and other14 55 69 Balance at December 31, 20231,541 4,596 6,137 Currency exchange and other6 (65)(59)Balance at December 31, 2024$1,547 $4,531 $6,078 As a result of the Company's goodwill impairment assessment performed in the year ended December 31, 2024, there were no goodwill impairments deemed necessary.OTHER INTANGIBLE ASSETSIntangible assets consist of the following at December 31:20242023GrossCarryingAmountAccumulatedAmortizationNetGrossCarryingAmountAccumulatedAmortizationNetCustomer relationships$1,921 $(883)$1,038 $1,945 $(818)$1,127 Technology1,248 (981)267 1,253 (899)354 Trade names and trademarks290 (196