Company: BKR
Filing Date: 2025-07-23
Form Type: 10-Q
Source: 0001701605-25-000107
Chunk: 73

Company: Baker Hughes Co
Filing Date: 2025-07-23
Form: 10-Q
Item: Part I, Item 8
Chunk 73
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 Company disaggregates its revenue from contracts with customers by product line for both the OFSE and IET segments, as the Company believes this best depicts how the nature, amount, timing, and uncertainty of its revenue and cash flows are affected by economic factors. In addition, management views revenue from contracts with customers for OFSE by geography based on the location to where the product is shipped or the services are performed.The series of tables below present the Company's revenue disaggregated by these categories.Three Months Ended June 30,Six Months Ended June 30,Total Revenue2025202420252024Well Construction$921 $1,090 $1,812 $2,151 Completions, Intervention, and Measurements935 1,118 1,861 2,123 Production Solutions968 958 1,867 1,903 Subsea & Surface Pressure Systems793 845 1,576 1,617 Oilfield Services & Equipment3,617 4,011 7,116 7,794 Gas Technology Equipment1,624 1,539 3,080 2,749 Gas Technology Services752 691 1,344 1,305 Total Gas Technology2,377 2,230 4,424 4,054 Industrial Products488 509 933 971 Industrial Solutions273 262 531 526 Total Industrial Technology761 770 1,464 1,498 Climate Technology Solutions156 128 334 211 Industrial & Energy Technology3,293 3,128 6,221 5,763 Total$6,910 $7,139 $13,337 $13,557 Three Months Ended June 30,Six Months Ended June 30,Oilfield Services & EquipmentGeographic Revenue2025202420252024North America$928 $1,023 $1,849 $2,013 Latin America639 663 1,207 1,300 Europe/CIS/Sub-Saharan Africa653 827 1,232 1,577 Middle East/Asia1,398 1,498 2,827 2,903 Oilfield Services & Equipment$3,617 $4,011 $7,116 $7,794 REMAINING PERFORMANCE OBLIGATIONSAs of June 30, 2025, the aggregate amount of the transaction price allocated to the unsatisfied (or