Company: BKR
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0001701605-25-000117
Chunk: 78

Company: Baker Hughes Co
Filing Date: 2025-10-24
Form: 10-Q
Item: Part I, Item 8
Chunk 78
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1Level 2Level 3Net BalanceLevel 1Level 2Level 3Net BalanceAssets   Derivatives$— $16 $— $16 $— $11 $— $11 Investment securities1,274 — 24 1,298 1,282 — 2 1,284 Total assets1,274 16 24 1,314 1,282 11 2 1,295 LiabilitiesDerivatives— (114)— (114)— (64)— (64)Total liabilities$— $(114)$— $(114)$— $(64)$— $(64)September 30, 2025December 31, 2024Amortized CostGross Unrealized GainsGross Unrealized LossesEstimated Fair ValueAmortized CostGross Unrealized GainsGross Unrealized LossesEstimated Fair ValueInvestment securities (1)      Non-U.S. debt securities (2)$24 $— $— $24 $3 $— $— $3 Equity securities549 772 (47)1,274 544 737 — 1,281 Total$573 $772 $(47)$1,298 $547 $737 $— $1,284 (1)Net gains (losses) recorded to earnings related to these securities were $(8) million and $100 million for the three months ended September 30, 2025 and 2024, respectively, and $(29) million and $146 million for the nine months ended September 30, 2025 and 2024, respectively.(2)As of September 30, 2025, the Company's non-U.S. debt securities are classified as available for sale securities and mature within one year.As of September 30, 2025 and December 31, 2024, the balance of the Company's equity securities with readily determinable fair values is $1,274 million and $1,281 million, respectively, and is comprised mainly of the Company's investment in Abu Dhabi National Oil Company Drilling, and is recorded primarily in "All other current assets" in the condensed consolidated statements of financial position. The Company measured its investments at fair value based on quoted prices in active markets. Net gains (losses) related to the Company's equity securities