Company: BKR
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0001701605-25-000117
Chunk: 31

Company: Baker Hughes Co
Filing Date: 2025-10-24
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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ged transaction occurs, and (ii) the amortization of net actuarial gain (loss), prior service credit, settlements, and curtailments which are included in the computation of net periodic pension cost.

Baker Hughes Company 2025 Third Quarter Form 10-Q | 14

Baker Hughes CompanyNotes to Unaudited Condensed Consolidated Financial Statements

NOTE 11. EARNINGS PER SHARE

Basic and diluted net income per share of Class A common stock is presented below:Three Months Ended September 30,Nine Months Ended September 30,(In millions, except per share amounts)2025202420252024Net income$617 $774 $1,737 $1,817 Less: Net income attributable to noncontrolling interests8 8 25 17 Net income attributable to Baker Hughes Company$609 $766 $1,712 $1,800 Weighted average shares outstanding:Class A basic986 993 988 996 Class A diluted992 999 994 1,001 Net income per share attributable to common stockholders:Class A basic$0.62 $0.77 $1.73 $1.81 Class A diluted$0.61 $0.77 $1.72 $1.80 For the three and nine months ended September 30, 2025 and 2024, Class A diluted shares include the dilutive impact of equity awards except for nil and approximately 1 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.

Baker Hughes Company 2025 Third Quarter Form 10-Q | 15

Baker Hughes CompanyNotes to Unaudited Condensed Consolidated Financial Statements

NOTE 12. 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.September 30, 2025December 31, 2024Level 1Level 2Level 3Net BalanceLevel 1Level 2Level 3Net BalanceAssets   Derivatives$— $16 $— $16 $— $11 $— $11 Investment securities1,274 — 24 1,298 1,282 — 2