Company: BKR
Filing Date: 2025-02-04
Form Type: 10-K
Source: 0001701605-25-000035
Chunk: 49

Company: Baker Hughes Co
Filing Date: 2025-02-04
Form: 10-K
Item: Item 8
Chunk 49
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 2024 Form 10-K | 90

Baker Hughes CompanyNotes to Consolidated Financial Statements

The following table presents total assets at December 31:Assets20242023OFSE$18,781 $17,925 IET13,838 13,781 Total segment32,619 31,706 Corporate and eliminations (1)5,744 5,239 Total $38,363 $36,945 (1)The assets in Corporate and eliminations consist primarily of the Baker Hughes trade name, cash, and tax assets. It also includes adjustments to eliminate intercompany investments and receivables reflected within the total assets of each of the reportable segments.The following table presents depreciation and amortization for the year ended December 31:Depreciation and amortization202420232022OFSE$893 $849 $845 IET220 217 197 Total segment1,113 1,066 1,042 Corporate23 21 19 Total$1,136 $1,087 $1,061 The following table presents capital expenditures for the year ended December 31:Capital expenditures202420232022OFSE$954 $960 $791 IET284 229 183 Total segment1,238 1,189 974 Corporate40 35 15 Total$1,278 $1,224 $989 The following table presents consolidated revenue based on the location to where the product is shipped or the services are performed. Other than the U.S., no other country accounted for more than 10% of the Company's consolidated revenue during the periods presented.Revenue202420232022U.S.$7,383 $6,557 $4,942 Non-U.S.20,446 18,949 16,214 Total$27,829 $25,506 $21,156 The following table presents net property, plant and equipment by its geographic location at December 31:Property, plant and equipment - net20242023U.S.$1,794 $1,579 Non-U.S.3,333 3,314 Total$5,127 $4,893 

Baker Hughes Company 2024 Form 10-K | 91

Baker Hughes CompanyNotes to Consolidated Financial Statements

NOTE 18. RELATED PARTY TRANSACTIONS

The Company has an aeroderivative joint venture