Company: BKR
Filing Date: 2025-02-04
Form Type: 10-K
Source: 0001701605-25-000035
Chunk: 45

Company: Baker Hughes Co
Filing Date: 2025-02-04
Form: 10-K
Item: Item 8
Chunk 45
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.0 billion and $4.2 billion at December 31, 2024 and 2023, respectively, is related to hedges of anticipated sales and purchases in foreign currency, commodity purchases, changes in interest rates, and contractual terms in contracts that are considered embedded derivatives and for intercompany borrowings in foreign currencies.COUNTERPARTY CREDIT RISKFair values of the Company's derivatives can change significantly from period to period based on, among other factors, market movements and changes in the Company's positions. The Company manages counterparty credit risk (the risk that counterparties will default and not make payments according to the terms of the agreements) on an individual counterparty basis.

NOTE 16. REVENUE RELATED TO CONTRACTS WITH CUSTOMERS

DISAGGREGATED REVENUEThe 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.

Baker Hughes Company 2024 Form 10-K | 87

Baker Hughes CompanyNotes to Consolidated Financial Statements

The series of tables below present the Company's revenue disaggregated by these categories.Total Revenue202420232022Well Construction$4,145 $4,387 $3,854 Completions, Intervention, and Measurements4,154 4,170 3,559 Production Solutions3,860 3,854 3,587 Subsea & Surface Pressure Systems3,470 2,950 2,230 Oilfield Services & Equipment15,628 15,361 13,229 Gas Technology Equipment5,693 4,232 2,599 Gas Technology Services2,797 2,600 2,440 Total Gas Technology8,490 6,832 5,039 Industrial Products2,040 1,962 1,697 Industrial Solutions1,065 983 884 Controls (1)— 41 208 Total Industrial Technology3,105 2,987 2,789 Climate Technology Solutions605 326 98 Industrial & Energy Technology12,201 10,145 7,926 Total$27,829 $25,506 $21,156