Baker Hughes (BKR) 10-K 4 Feb 25 2024 FY Annual report Financial data

Cover Page

Cover Page - USD ($)	12 Months Ended
	Dec. 31, 2024	Jan. 22, 2025	Jun. 30, 2024
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2024
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	1-38143
Entity Registrant Name	Baker Hughes Company
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	81-4403168
Entity Address, Address Line Two	Suite 100
Entity Address, Address Line One	575 N. Dairy Ashford Rd.,
Entity Address, City or Town	Houston,
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77079-1121
City Area Code	713
Local Phone Number	439-8600
Title of 12(b) Security	Class A Common Stock, $0.0001 Par Value per Share
Trading Symbol	BKR
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction	false
Entity Shell Company	false
Entity Public Float			$ 34,880,320,572
Entity Common Stock, Shares Outstanding		990,111,854
Documents Incorporated by Reference	DOCUMENTS INCORPORATED BY REFERENCE Portions of Registrant's Definitive Proxy Statement for the 2025 Annual Meeting of Stockholders are incorporated by reference into Part III of this Form 10-K.
Entity Central Index Key	0001701605
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Amendment Flag	false
Document Information [Line Items]
Title of 12(b) Security	Class A Common Stock, $0.0001 Par Value per Share
Trading Symbol	BKR
Security Exchange Name	NASDAQ
5.125 Senior Notes due 2040 of Baker Hughes Holdings LLC and Baker Hughes Co-Obligor, Inc. [Domain]
Cover [Abstract]
Title of 12(b) Security	5.125% Senior Notes due 2040 of Baker Hughes Holdings LLC and Baker Hughes Co-Obligor, Inc.
Trading Symbol	BKR40
Security Exchange Name	NASDAQ
Document Information [Line Items]
Title of 12(b) Security	5.125% Senior Notes due 2040 of Baker Hughes Holdings LLC and Baker Hughes Co-Obligor, Inc.
Trading Symbol	BKR40
Security Exchange Name	NASDAQ

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2024
Audit Information [Abstract]
Auditor Name	KPMG LLP
Auditor Location	Houston, Texas
Auditor Firm ID	185

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Revenue:
Revenues	$ 27,829	$ 25,506	$ 21,156
Costs and expenses:
Selling, general and administrative	2,458	2,611	2,510
Restructuring, impairment and other	301	323	705
Total costs and expenses	24,748	23,189	19,971
Operating income	3,081	2,317	1,185
Other non-operating income (loss), net	382	554	(911)
Interest expense, net	(198)	(216)	(252)
Income before income taxes	3,265	2,655	22
Provision for income taxes	(257)	(685)	(600)
Net income (loss)	3,008	1,970	(578)
Less: Net income attributable to noncontrolling interests	29	27	23
Net income (loss) attributable to Baker Hughes Company	$ 2,979	$ 1,943	$ (601)
Per share amounts:
Basic income (loss) per Class A common share (in dollars per share)	$ 3	$ 1.93	$ (0.61)
Diluted income (loss) per Class A common share (in dollars per share)	2.98	1.91	(0.61)
Class A Common Stock
Per share amounts:
Basic income (loss) per Class A common share (in dollars per share)	3	1.93	(0.61)
Diluted income (loss) per Class A common share (in dollars per share)	2.98	1.91	(0.61)
Cash dividends per Class A common share (in dollars per share)	$ 0.84	$ 0.78	$ 0.73
Sales of goods
Revenue:
Revenues	$ 17,810	$ 15,617	$ 12,236
Costs and expenses:
Cost	14,792	13,309	10,445
Sales of services
Revenue:
Revenues	10,019	9,889	8,920
Costs and expenses:
Cost	$ 7,197	$ 6,946	$ 6,311

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 3,008	$ 1,970	$ (578)
Less: Net income attributable to noncontrolling interests	29	27	23
Net income (loss) attributable to Baker Hughes Company	2,979	1,943	(601)
Other comprehensive income (loss):
Foreign currency translation adjustments	(350)	153	(269)
Cash flow hedges	(1)	3	2
Benefit plans	(14)	19	(14)
Other comprehensive income (loss)	(365)	175	(281)
Less: Other comprehensive loss attributable to noncontrolling interests	0	0	(3)
Other comprehensive income (loss) attributable to Baker Hughes Company	(365)	175	(278)
Comprehensive income (loss)	2,643	2,145	(859)
Less: Comprehensive income attributable to noncontrolling interests	29	27	20
Comprehensive income (loss) attributable to Baker Hughes Company	$ 2,614	$ 2,118	$ (879)

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Current Assets:
Cash and cash equivalents	$ 3,364	$ 2,646
Current receivables, net	7,122	7,075
Inventories, net	4,954	5,094
All other current assets	1,771	1,486
Total current assets	17,211	16,301
Property, plant and equipment, less accumulated depreciation	5,127	4,893
Goodwill	6,078	6,137
Other intangible assets, net	3,951	4,093
Contract and other deferred assets	1,730	1,756
All other assets	2,982	3,043
Deferred income tax assets	1,284	722
Total assets	38,363	36,945
Current Liabilities:
Accounts payable	4,542	4,471
Short-term and current portion of long-term debt	53	148
Progress collections and deferred income	5,672	5,542
All other current liabilities	2,724	2,830
Total current liabilities	12,991	12,991
Long-term debt	5,970	5,872
Deferred income tax liabilities	83	176
Liabilities for pensions and other postretirement benefits	988	978
All other liabilities	1,276	1,409
Equity:
Capital in excess of par value	25,896	26,983
Retained loss	(5,840)	(8,819)
Accumulated other comprehensive loss	(3,161)	(2,796)
Baker Hughes Company equity	16,895	15,368
Noncontrolling interests	160	151
Total equity	17,055	15,519
Total liabilities and equity	38,363	36,945
Class A Common Stock
Equity:
Common stock	0	0
Common Class B [Member]
Equity:
Common stock	$ 0	$ 0

CONSOLIDATED STATEMENTS OF FI_2

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Parenthetical) - $ / shares	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Common stock par value (in dollars per share)	$ 0.0001
Class A Common Stock
Common stock par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock authorized (in shares)	2,000,000,000	2,000,000,000
Common stock issued (in shares)	990,000,000	998,000,000
Common stock outstanding (in shares)	989,646,000	997,709,000	1,005,960,000
Common Class B [Member]
Common stock par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock authorized (in shares)	1,250,000,000	1,250,000,000
Common stock issued (in shares)	0	0
Common stock outstanding (in shares)	0	0

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Millions	Total	Common Stock	Capital in Excess of Par Value	Retained Earnings (Loss)	Accumulated Other Comprehensive Loss	Non-controlling Interests
Beginning balance at Dec. 31, 2021	$ 16,746	$ 0	$ 27,375	$ (10,160)	$ (2,385)	$ 1,916
Comprehensive income (loss):
Net income (loss)	(578)			(601)		23
Other comprehensive income (loss)	(281)				(278)	(3)
Adjustments to Additional Paid in Capital, Dividends in Excess of Retained Earnings			726
Dividends on Class A Common Stock	(726)
Effect of exchange of Class B common stock and associated BHH LLC Units for Class A common stock	0		2,060		(309)	(1,751)
Repurchase and cancellation of Class A common stock	(828)		(823)		1	(6)
Stock-based compensation cost	207		207
Other	(15)		33			(48)
Ending balance at Dec. 31, 2022	14,525	0	28,126	(10,761)	(2,971)	131
Comprehensive income (loss):
Net income (loss)	1,970			1,943		27
Other comprehensive income (loss)	175				175
Adjustments to Additional Paid in Capital, Dividends in Excess of Retained Earnings			786
Dividends on Class A Common Stock	(786)
Repurchase and cancellation of Class A common stock	(538)		(538)
Stock-based compensation cost	197		197
Other	(24)		(16)	(1)		(7)
Ending balance at Dec. 31, 2023	15,519	0	26,983	(8,819)	(2,796)	151
Comprehensive income (loss):
Net income (loss)	3,008			2,979		29
Other comprehensive income (loss)	(365)				(365)
Adjustments to Additional Paid in Capital, Dividends in Excess of Retained Earnings			836
Dividends on Class A Common Stock	(836)
Repurchase and cancellation of Class A common stock	(484)		(484)
Stock-based compensation cost	202		202
Other	11		31			(20)
Ending balance at Dec. 31, 2024	$ 17,055	$ 0	$ 25,896	$ (5,840)	$ (3,161)	$ 160

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Class A Common Stock
Cash dividends per share (in dollars per share)	$ 0.84	$ 0.78	$ 0.73

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities:
Net income (loss)	$ 3,008	$ 1,970	$ (578)
Adjustments to reconcile net income (loss) to net cash flows from operating activities:
Depreciation and amortization	1,136	1,087	1,061
(Gain) loss on business dispositions	0	(40)	451
(Gain) loss on equity securities	(367)	(555)	265
Stock-based compensation cost	202	197	207
Property, plant and equipment impairment, net	77	(1)	166
(Benefit) provision for deferred income taxes	(671)	(59)	105
Changes in operating assets and liabilities:
Current receivables	(159)	(986)	(625)
Inventories	(102)	(461)	(885)
Accounts payable	91	61	605
Progress collections and deferred income	273	1,639	1,103
Contract and other deferred assets	(96)	(211)	(76)
Other operating items, net	(60)	421	89
Net cash flows provided by operating activities	3,332	3,062	1,888
Cash flows from investing activities:
Expenditures for capital assets	(1,278)	(1,224)	(989)
Proceeds from disposal of assets	203	208	217
Proceeds from sale of equity securities	92	372	26
Proceeds from business dispositions	0	293	0
Net cash paid for acquisitions	0	(301)	(767)
Other investing items, net	(33)	(165)	(51)
Net cash flows used in investing activities	(1,016)	(817)	(1,564)
Cash flows from financing activities:
Repayment of long-term debt	(143)	(651)	0
Dividends paid	(836)	(786)	(726)
Repurchase of Class A common stock	(484)	(538)	(828)
Other financing items, net	(64)	(53)	(38)
Net cash flows used in financing activities	(1,527)	(2,028)	(1,592)
Effect of currency exchange rate changes on cash and cash equivalents	(71)	(59)	(97)
Increase (decrease) in cash and cash equivalents	718	158	(1,365)
Cash and cash equivalents, beginning of period	2,646	2,488	3,853
Cash and cash equivalents, end of period	3,364	2,646	2,488
Income Taxes Paid, Net	1,040	595	498
Interest Paid, Excluding Capitalized Interest, Operating Activities	$ 298	$ 309	$ 291

BASIS OF PRESENTATION AND SUMMA

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES DESCRIPTION OF THE BUSINESS Baker Hughes Company ("Baker Hughes," "the Company," "we," "us," or "our") is an energy technology company with a diversified portfolio of technologies and services that span the energy and industrial value chain. BASIS OF PRESENTATION The accompanying consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S." and such principles, "U.S. GAAP") and pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC") for annual financial information. The consolidated financial statements include the accounts of Baker Hughes and all of its subsidiaries and affiliates which it controls or variable interest entities for which the Company has determined it is the primary beneficiary. All intercompany accounts and transactions have been eliminated. In the Company's consolidated financial statements and notes, certain amounts have been reclassified to conform with the current year presentation. In the notes to the consolidated financial statements, all dollar and share amounts in tabulations are in millions of dollars and shares, respectively, unless otherwise indicated. Certain columns and rows in the financial statements and notes thereto may not add due to the use of rounded numbers. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and judgments that affect the reported amounts of assets and liabilities, disclosure of any contingent assets or liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. The Company bases its estimates and judgments on historical experience and on various other assumptions and information that it believes to be reasonable under the circumstances. Estimates and assumptions about future events and their effects cannot be perceived with certainty, and accordingly, these estimates may change as new events occur, as more experience is acquired, as additional information is obtained and as the Company's operating environment changes. While the Company believes that the estimates and assumptions used in the preparation of the consolidated financial statements are appropriate, actual results could differ from those estimates. Estimates are used for, but are not limited to, determining the following: allowance for credit losses and inventory valuation reserves; recoverability of long-lived assets; revenue recognition on long-term contracts; valuation of goodwill; useful lives used in depreciation and amortization; income taxes and related valuation allowances; accruals for contingencies; actuarial assumptions to determine costs and liabilities related to employee benefit plans; stock-based compensation expense; valuation of derivatives; and the fair value of assets acquired and liabilities assumed in acquisitions. Foreign Currency Assets and liabilities of non-U.S. operations with a functional currency other than the U.S. dollar have been translated into U.S. dollars using the Company's period-end exchange rates, and revenue, expenses, and cash flows have been translated at average rates for the respective periods. Any resulting translation gains and losses are included in other comprehensive income (loss). The impact of remeasurement of monetary assets and liabilities denominated in currencies other than the functional currency of the Company or its subsidiaries is included in the consolidated statements of income (loss). Revenue from Sale of Equipment Performance Obligations Satisfied Over Time The Company recognizes revenue on agreements for sales of equipment manufactured to unique customer specifications including long-term construction projects, on an over time basis, utilizing cost inputs as the measurement criteria in assessing the progress toward completion. The Company's estimate of costs to be incurred to fulfill its promise to a customer is based on the Company's history of manufacturing similar assets for customers and is updated routinely to reflect changes in quantity or pricing of the inputs. The Company begins to recognize revenue on these contracts when the contract specific inventory becomes customized for a customer, which is reflective of its initial transfer of control of the incurred costs. The Company provides for potential losses on any of these agreements when it is probable that it will incur the loss. The Company's billing terms for these over time contracts vary, but are generally based on achieving specified milestones. The differences between the timing of the Company's revenue recognized (based on costs incurred) and customer billings (based on contractual terms) results in changes to its contract asset or contract liability positions. Performance Obligations Satisfied at a Point In Time The Company recognizes revenue for non-customized equipment at the point in time that the customer obtains control of the good. Equipment for which the Company recognizes revenue at a point in time includes equipment manufactured on a standardized basis for sale to the market. The Company uses proof of delivery for certain large equipment with more complex logistics associated with the shipment, whereas the delivery of other equipment is generally determined based on historical data of transit times between regions. On occasion the Company sells equipment with a right of return. The Company uses its accumulated experience to estimate and provide for such returns when it records the sale. In situations where arrangements include customer acceptance provisions based on seller or customer-specified objective criteria, the Company recognizes revenue when it has concluded that the customer has control of the equipment and that acceptance has or is likely to occur. The Company's billing terms for these point in time equipment contracts vary, but are generally based on shipment of the equipment to the customer. Revenue from Sale of Services Performance Obligations Satisfied Over Time The Company sells product services under long-term product maintenance or extended warranty agreements in the Industrial & Energy Technology ("IET") segment. These agreements require the Company to maintain the customers' assets over the service agreement contract terms, which generally range from 10 to 20 years. In general, these are contractual arrangements to provide services, repairs, and maintenance of a covered unit (gas turbines for mechanical drive or power generation, primarily on liquefied natural gas ("LNG") applications). These services are performed at various times during the life of the contract, thus the costs of performing services are incurred on an other than straight-line basis. The Company recognizes related sales based on the extent of its progress toward completion measured by actual costs incurred in relation to total expected costs. The Company provides for any loss that it expects to incur on any of these agreements when that loss becomes probable. The Company utilizes historical customer data, prior product performance data, statistical analysis, third-party data, and internal management estimates to calculate contract-specific margins. In certain contracts, the total transaction price is variable based on customer utilization, which is excluded from the contract margin until the period that the customer has utilized to appropriately reflect the revenue activity in the period earned. In addition, revenue for certain oilfield services is recognized on an over time basis as performed. The Company's billing terms for these contracts are generally based on asset utilization (i.e. usage per hour) or the occurrence of a major maintenance event within the contract. The differences between the timing of the Company's revenue recognized (based on costs incurred) and customer billings (based on contractual terms) results in changes to its contract asset or contract liability positions. Performance Obligations Satisfied at a Point In Time The Company sells certain tangible products, largely spare equipment, through its services business. The Company recognizes revenue for this equipment at the point in time that the customer obtains control of the good, which is at the point in time the Company delivers the spare part to the customer. The Company's billing terms for these point in time service contracts vary, but are generally based on shipment of the equipment to the customer. Research and Development Research and development costs are expensed as incurred and relate to the research and development of new products and services. Research and development costs were $643 million, $651 million, and $552 million for the years ended December 31, 2024, 2023 and 2022, respectively, net of related funding received from third parties. Research and development expenses are reported in "Cost of goods sold" and "Cost of services sold" in the consolidated statements of income (loss). Cash and Cash Equivalents Short-term investments with original maturities of three months or less are included in cash equivalents unless designated as available-for-sale and classified as investment securities. Allowance for Credit Losses The Company monitors its customers' payment history and current creditworthiness to determine that collectability of the related financial assets is reasonably assured. The Company also considers the overall business climate in which its customers operate. The Company does not generally require collateral in support of its current receivables, but it may require payment in advance or security in the form of a letter of credit or a bank guarantee. For accounts receivable, a loss allowance matrix is utilized to measure lifetime expected credit losses. The matrix contemplates historical credit losses by age of receivables, adjusted for any forward-looking information and management expectations. Inventories All inventories are stated at the lower of cost or net realizable values and they are measured on a first-in, first-out ("FIFO") basis or average cost basis. As necessary, the Company records provisions and maintains reserves for excess, slow moving and obsolete inventory. To determine these reserve amounts, the Company regularly reviews inventory quantities on hand and compares them to estimates of future product demand, market conditions, production requirements and technological developments. Property, Plant and Equipment Property, plant and equipment ("PP&E") is initially stated at cost and is depreciated over its estimated economic life. Subsequently, PP&E is measured at cost less accumulated depreciation, which is generally provided by using the straight-line method over the estimated economic lives of the individual assets, and impairment losses. The Company manufactures a substantial portion of its tools and equipment in the Oilfield Services & Equipment ("OFSE") segment and the cost of these items, which includes direct and indirect manufacturing costs, is capitalized in inventory and subsequently moved to PP&E. Goodwill and Other Long-Lived Assets The Company performs an annual impairment test of goodwill on a qualitative or quantitative basis for each of the reporting units as of July 1, in conjunction with its annual strategic planning process, or more frequently when circumstances indicate an impairment may exist at the reporting unit level. When performing the annual impairment test, the Company has the option of first performing a qualitative assessment to determine the existence of events and circumstances that would lead to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If such a conclusion is reached, the Company would then be required to perform a quantitative impairment assessment of goodwill. However, if the assessment leads to a determination that it is more likely than not that the fair value of a reporting unit is greater than its carrying amount, then no further assessments are required. A quantitative assessment for the determination of impairment is made by comparing the carrying amount of each reporting unit with its fair value, which is generally calculated using a combination of market, comparable transactions and discounted cash flow approaches. Potential impairment indicators include, but are not limited to, (i) the results of the Company's most recent annual or interim impairment testing, in particular the magnitude of the excess of fair value over carrying value observed; (ii) downward revisions to internal forecasts, and the magnitude thereof, if any; and (iii) declines in the Company's market capitalization below its book value, and the magnitude and duration of those declines, if any. The Company amortizes the cost of other intangible assets over their estimated useful lives unless such lives are deemed indefinite. The cost of intangible assets is generally amortized on a straight-line basis over the asset's estimated economic life. The Company reviews PP&E, intangible assets and certain other long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable, and at least annually for indefinite-lived intangible assets. When testing for impairment, the Company groups its long-lived assets with other assets and liabilities at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities (or asset group). The determination of recoverability is made based upon the estimated undiscounted future net cash flows. The amount of impairment loss, if any, is determined by comparing the fair value, as determined by a discounted cash flow analysis, with the carrying value of the related assets. Leases The Company enters into various contractual arrangements for the right to use facilities and equipment. At contract inception, manag ement evaluates whether each of these arrangements contains a lease and classifies all identified leases as either operating or finance. If the arrangement is subsequently modified, the classification is re-evaluated. Upon commencement of the lease, management recognizes a lease liability and corresponding right-of-use ("ROU") asset. Lease assets are tested for impairment in the same manner as other long-lived assets. Financial Instruments The Company's financial instruments include cash and equivalents, current receivables, investments, accounts payables, short and long-term debt, and derivative financial instruments. The Company monitors its exposure to various business risks including commodity prices, interest rates, and foreign currency exchange rates, and it regularly uses derivative financial instruments to manage these risks. At the inception of a new derivative, the Company designates the derivative as a hedge, or it determines the derivative to be undesignated as a hedging instrument. The Company documents the relationships between the hedging instruments and the hedged items, as well as its risk management objectives and strategy for undertaking various hedge transactions. The Company assesses whether the derivatives that are used in hedging transactions are highly effective in offsetting changes in cash flows of the hedged item at both the inception of the hedge and on an ongoing basis. The Company records all derivatives as of the end of its reporting period in the consolidated statements of financial position at fair value. For the forward contracts held as undesignated hedging instruments, the Company records the changes in fair value in the consolidated statements of income (loss) along with the change in the fair value, related to foreign exchange movements, of the hedged item. Changes in the fair value of forward contracts designated as cash flow hedging instruments are recognized in other comprehensive income until the hedged item is recognized in earnings. Fair Value Measurements For financial assets and liabilities measured at fair value on a recurring basis, fair value is the price the Company would receive to sell an asset or pay to transfer a liability in an orderly transaction with a market participant at the measurement date. In the absence of active markets for the identical assets or liabilities, such measurements involve developing assumptions based on market observable data and, in the absence of such data, internal information that is consistent with what market participants would use in a hypothetical transaction that occurs at the measurement date. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect our market assumptions. Preference is given to observable inputs and the Company maintains policies and procedures to identify, monitor and assess the reasonableness of these inputs to the valuation. These two types of inputs create the following fair value hierarchy: • Level 1 - Quoted prices for identical instruments in active markets. • Level 2 - Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable. • Level 3 - Significant inputs to the valuation model are unobservable. Recurring Fair Value Measurements Derivatives When the Company has Level 1 derivatives, which are traded either on exchanges or liquid markets, the Company uses closing prices for valuation. The majority of the Company's derivatives are valued using internal models and are included in Level 2. These internal models maximize the use of market observable inputs including interest rate curves and both forward and spot prices for currencies and commodities. Derivative assets and liabilities included in Level 2 primarily represent foreign currency and commodity forward contracts for the Company. Investments in Debt and Equity Securities When available, the Company uses quoted market prices to determine the fair value of investment securities, and they are included in Level 1. Level 1 securities primarily include publicly traded equity securities. For investment securities for which market prices are observable for identical or similar investment securities but not readily accessible for each of those investments individually (that is, it is difficult to obtain pricing information for each individual investment security at the measurement date), the Company uses pricing models and observable inputs that are consistent with what other market participants would use and these are included in Level 2. The inputs and assumptions to the models are derived from market observable sources, including: benchmark yields, reported trades, broker/dealer quotes, issuer spreads, benchmark securities, bids, offers, and other market-related data. When the Company uses valuations that are based on significant unobservable inputs, it classifies the investment securities in Level 3. Non-Recurring Fair Value Measurements Certain assets are measured at fair value on a non-recurring basis and are subject to fair value adjustments only in certain circumstances. These assets can include long-lived assets that have been reduced to fair value when they are held for sale, equity securities without readily determinable fair value, equity method investments and long-lived assets that are written down to fair value when they are impaired, and the remeasurement of retained investments in formerly consolidated subsidiaries upon a change in control that results in a deconsolidation of a subsidiary, if the Company sells a controlling interest and retains a noncontrolling stake in the entity. Investments in Equity Securities Investments in equity securities (in which the Company does not have a controlling financial interest or significant influence, most often because it holds a voting interest of 0% to 20%) with readily determinable fair values are measured at fair value with changes recognized in earnings and reported in "Other non-operating income (loss), net" in the consolidated statements of income (loss). Equity securities that do not have readily determinable fair values are recorded at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for identical or similar equity securities of the same issuer. These changes are recorded in "Other non-operating income (loss), net" in the consolidated statements of income (loss). Equity method investments are equity holdings in entities in which the Company does not have a controlling financial interest, but over which it has significant influence, most often because it holds a voting interest of 20% to 50%. At December 31, 2024 and 2023, the aggregate carrying amount of the Company's equity method investments was $1,080 million and $979 million, respectively. The results of the Company's equity method investments are presented in the consolidated statements of income (loss) as follows: (i) if the investment is integral to the Company's operations, their results are included in "Selling, general and administrative," and (ii) if the investment is not integral to the Company's operations, their results are included in "Other non-operating income (loss), net." Investments in, and advances to, equity method investments are presented on a one-line basis in "All other assets" in the consolidated statements of financial position. Income Taxes The Company files U.S. federal and state income tax returns which primarily includes its distributive share of items of income, gain, loss, and deduction of Baker Hughes Holdings LLC ("BHH LLC"), its primary operating company and a wholly owned subsidiary of the Company since December 2022, which was treated as a partnership for U.S. tax purposes until December 30, 2023. Effective December 30, 2023, the Company and various subsidiaries completed a reorganization that resulted in BHH LLC no longer being treated as a partnership for U.S. tax purposes. As a partnership, BHH LLC was not subject to U.S. federal income tax under current U.S. tax laws. However, as of December 31, 2023, BHH LLC is included and taxed as part of the Company's consolidated U.S. tax return. Non-U.S. current and deferred income taxes owed by the subsidiaries of BHH LLC are reflected in the Company's financial statements. The Company accounts for taxes under the asset and liability method. Under this method, deferred income taxes are recognized for temporary differences between the financial statement and the tax base of assets and liabilities based on enacted tax rates expected to be in effect when taxes are actually paid or recovered, as well as for net operating losses and tax credit carryforwards. The effect of a change in tax laws or rates on deferred tax assets and liabilities is recognized in income in the period in which such change is enacted. Future tax benefits are recognized to the extent that realization of such benefits is more likely than not, and a valuation allowance is established for any portion of a deferred tax asset that management believes is not more likely than not to be realized. Significant judgment is required in determining the Company's tax expense and in evaluating its tax positions, including evaluating uncertainties. The Company's tax filings are subject to audit by the tax authorities in the jurisdictions where it conducts business. These audits may result in assessments of additional taxes that are resolved with the tax authorities or through the courts. The Company has provided for the amounts that it believes will ultimately result from these proceedings. The Company recognizes uncertain tax positions that are "more likely than not" to be sustained if the relevant tax authority were to audit the position with full knowledge of all the relevant facts and other information. For those tax positions that meet this threshold, the Company measures the amount of tax benefit based on the largest amount of tax benefit that has a greater than 50% chance of being realized in a final settlement with the relevant authority. The Company classifies interest and penalties associated with uncertain tax positions as income tax expense. The effects of tax adjustments and settlements from taxing authorities are presented in the financial statements in the period they are finalized. Supply Chain Finance Programs Under the supply chain finance ("SCF") programs, administered by a third party, the Company's suppliers are given the opportunity to sell receivables from the Company to participating financial institutions at their sole discretion at a rate that leverages the Company's credit rating and thus might be more beneficial to the Company's suppliers. The Company's responsibility is limited to making payment on the terms originally negotiated with the Company's supplier, regardless of whether the supplier sells its receivable to a financial institution. The range of payment terms the Company negotiates with its suppliers is consistent, irrespective of whether a supplier participates in the program. As of December 31, 2024 and 2023, $411 million and $332 million of SCF program liabilities are recorded in " Accounts payable NEW ACCOUNTING STANDARDS ADOPTED The Company has adopted ASU 2023-07, "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures" ("ASU 2023-07"), effective retrospectively for the fiscal year ended December 31, 2024. ASU 2023-07 enhances the disclosures required for operating segments in the Company's annual and interim consolidated financial statements. As a result of this adoption, the Company's segment disclosure now includes significant expense categories. The Company's primary segment measure remains unchanged. See "Note 17. Segment Information" for the enhanced disclosures associated with the adoption of ASU 2023-07. NEW ACCOUNTING STANDARDS TO BE ADOPTED In November 2024, the FASB issued ASU 2024-03, "Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures" ("ASU 2024-03"), which enhances the disclosures required for certain expense captions in the Company's annual and interim consolidated financial statements. ASU 2024-03 is effective prospectively or retrospectively for fiscal years beginning after December 15, 2026 and for interim periods beginning after December 15, 2027. Early adoption is permitted. The Company is currently evaluating the impact of this standard on its disclosures. In December 2023, the FASB issued ASU 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures" ("ASU 2023-09"), which is intended to enhance the transparency and decision usefulness of income tax disclosures. The amendments in ASU 2023-09 provide for enhanced income tax information primarily through changes to the rate reconciliation and income taxes paid information. ASU 2023-09, which allows for early adoption, is effective for the Company prospectively to all annual periods beginning after December 15, 2024. The Company continues to evaluate the impact of this standard on its disclosures. All other new accounting pronouncements that have been issued, but not yet effective are currently being evaluated and at this time are not expected to have a material impact on the Company's financial position or results of operations.

CURRENT RECEIVABLES

CURRENT RECEIVABLES	12 Months Ended
	Dec. 31, 2024
Receivables [Abstract]
CURRENT RECEIVABLES	CURRENT RECEIVABLES Current receivables consist of the following at December 31: 2024 2023 Customer receivables $ 5,945 $ 6,033 Other 1,409 1,392 Total current receivables 7,354 7,425 Less: Allowance for credit losses (232) (350) Total current receivables, net $ 7,122 $ 7,075 Customer receivables are recorded at the invoiced amount. The "Other" category consists primarily of advance payments to suppliers and indirect taxes. The Company's customer receivables are spread over a broad and diverse group of customers across many countries. As of December 31, 2024, 16% of our gross customer receivables were from customers in the U.S. and 10% were from customers in Mexico. As of December 31, 2023, 19% of our gross customer receivables were from customers in the U.S. and 11% were from customers in Mexico. No other country accounted for more than 10% of our gross customer receivables at this date. See "Note 22. Supplementary Information" for further information on the changes in the allowance for credit losses.

INVENTORIES

INVENTORIES	12 Months Ended
	Dec. 31, 2024
Inventory, Net [Abstract]
INVENTORIES	INVENTORIES Inventories, net of reserves of $390 million and $389 million in 2024 and 2023, respectively, consist of the following at December 31: 2024 2023 Finished goods $ 2,494 $ 2,626 Work in process and raw materials 2,460 2,468 Total inventories, net $ 4,954 $ 5,094 For the years ended December 31, 2024 and 2023, the Company recorded inventory impairments of $73 million and $35 million, respectively, primarily in the OFSE segment. See "Note 20. Restructuring, Impairment and Other" for further information.

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	12 Months Ended
	Dec. 31, 2024
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT	PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment consist of the following at December 31: Useful Life 2024 2023 Land and improvements 8 - 10 years (1) $ 297 $ 332 Buildings, structures and related equipment 5 - 40 years 2,347 2,264 Machinery, equipment and other 1 - 20 years 8,539 7,974 Total cost 11,183 10,570 Less: Accumulated depreciation (6,056) (5,678) Property, plant and equipment, less accumulated depreciation $ 5,127 $ 4,893 (1) Useful life excludes land. Depreciation expense relating to property, plant and equipment was $870 million, $830 million and $839 million for the years ended December 31, 2024, 2023 and 2022, respectively. See "Note 20. Restructuring, Impairment and Other" for additional information on property, plant and equipment impairments.

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS	GOODWILL AND INTANGIBLE ASSETS GOODWILL The changes in the carrying value of goodwill are detailed below by segment: Oilfield Services & Equipment Industrial & Energy Technology Total Balance at December 31, 2022, gross $ 19,708 $ 4,752 $ 24,460 Accumulated impairment at December 31, 2022 (18,276) (254) (18,530) Balance at December 31, 2022 1,432 4,498 5,930 Acquisitions 95 43 138 Currency exchange and other 14 55 69 Balance at December 31, 2023 1,541 4,596 6,137 Currency exchange and other 6 (65) (59) Balance at December 31, 2024 $ 1,547 $ 4,531 $ 6,078 As a result of the Company's goodwill impairment assessment performed in the year ended December 31, 2024, there were no goodwill impairments deemed necessary. OTHER INTANGIBLE ASSETS Intangible assets consist of the following at December 31: 2024 2023 Gross Accumulated Net Gross Accumulated Net Customer relationships $ 1,921 $ (883) $ 1,038 $ 1,945 $ (818) $ 1,127 Technology 1,248 (981) 267 1,253 (899) 354 Trade names and trademarks 290 (196) 94 290 (186) 104 Capitalized software 1,522 (1,172) 350 1,413 (1,107) 306 Finite-lived intangible assets 4,981 (3,232) 1,749 4,901 (3,010) 1,891 Indefinite-lived intangible assets 2,202 — 2,202 2,202 — 2,202 Total intangible assets $ 7,183 $ (3,232) $ 3,951 $ 7,103 $ (3,010) $ 4,093 Finite-lived intangible assets are generally amortized on a straight-line basis with estimated useful lives ranging from 1 to 35 years. Amortization expense was $266 million, $257 million and $222 million for the years ended December 31, 2024, 2023 and 2022, respectively. No impairment for indefinite-lived intangible assets were recorded in 2024. Estimated amortization expense for each of the subsequent five fiscal years is expected to be as follows: Year Estimated Amortization Expense 2025 $ 235 2026 192 2027 171 2028 148 2029 122

CONTRACT AND OTHER DEFERRED ASS

CONTRACT AND OTHER DEFERRED ASSETS	12 Months Ended
	Dec. 31, 2024
Revenue from Contract with Customer [Abstract]
CONTRACT AND OTHER DEFERRED ASSETS	CONTRACT AND OTHER DEFERRED ASSETS Contract assets reflect revenue earned in excess of billings on long-term contracts to construct technically complex equipment, provide long-term product service and maintenance or extended warranty arrangements and other deferred contract related costs. The Company's long-term product service agreements are provided by the IET segment. The Company's long-term equipment contracts are provided by both the IET and OFSE segments. Contract assets consist of the following at December 31: 2024 2023 Long-term product service agreements $ 346 $ 418 Long-term equipment contracts and certain other service agreements 1,247 1,184 Contract assets (total revenue in excess of billings) 1,593 1,602 Deferred inventory costs 124 126 Other costs to fulfill or obtain a contract 13 28 Contract and other deferred assets $ 1,730 $ 1,756 Revenue recognized during the years ended December 31, 2024 and 2023 from performance obligations satisfied (or partially satisfied) in previous years related to long-term service agreements was $(11) million and $15 million, respectively. This includes revenue recognized from revisions to cost or billing estimates that may affect a contract's total estimated profitability.

PROGRESS COLLECTIONS AND DEFERR

PROGRESS COLLECTIONS AND DEFERRED INCOME	12 Months Ended
	Dec. 31, 2024
Revenue from Contract with Customer [Abstract]
PROGRESS COLLECTIONS AND DEFERRED INCOME	PROGRESS COLLECTIONS AND DEFERRED INCOME Contract liabilities include progress collections, which reflects billings in excess of revenue, and deferred income on long-term contracts to construct technically complex equipment, long-term product maintenance or extended warranty arrangements. Contract liabilities consist of the following at December 31: 2024 2023 Progress collections $ 5,550 $ 5,405 Deferred income 122 137 Progress collections and deferred income (contract liabilities) $ 5,672 $ 5,542 Revenue recognized during the years ended December 31, 2024 and 2023 that was included in the contract liabilities at the beginning of the year was $4,398 million and $2,999 million, respectively. DISAGGREGATED REVENUE The 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. Total Revenue 2024 2023 2022 Well Construction $ 4,145 $ 4,387 $ 3,854 Completions, Intervention, and Measurements 4,154 4,170 3,559 Production Solutions 3,860 3,854 3,587 Subsea & Surface Pressure Systems 3,470 2,950 2,230 Oilfield Services & Equipment 15,628 15,361 13,229 Gas Technology Equipment 5,693 4,232 2,599 Gas Technology Services 2,797 2,600 2,440 Total Gas Technology 8,490 6,832 5,039 Industrial Products 2,040 1,962 1,697 Industrial Solutions 1,065 983 884 Controls (1) — 41 208 Total Industrial Technology 3,105 2,987 2,789 Climate Technology Solutions 605 326 98 Industrial & Energy Technology 12,201 10,145 7,926 Total $ 27,829 $ 25,506 $ 21,156 (1) The sale of the Company's controls business was completed in April 2023. Oilfield Services & Equipment Geographic Revenue 2024 2023 2022 North America $ 3,955 $ 4,116 $ 3,764 Latin America 2,609 2,761 2,099 Europe/CIS/Sub-Saharan Africa 3,250 2,655 2,483 Middle East/Asia 5,814 5,829 4,883 Oilfield Services & Equipment $ 15,628 $ 15,361 $ 13,229 REMAINING PERFORMANCE OBLIGATIONS As of December 31, 2024, the aggregate amount of the transaction price allocated to the unsatisfied (or partially unsatisfied) performance obligations was $33.1 billion. As of December 31, 2024, the Company expects to recognize revenue of approximately 60%, 74% and 91% of the total remaining performance obligations within 2, 5, and 15 years, respectively, and the remaining thereafter. Contract modifications could affect both the timing to complete as well as the amount to be received as the Company fulfills the related remaining performance obligations.

LEASES

LEASES	12 Months Ended
	Dec. 31, 2024
Leases [Abstract]
LEASES	LEASES The Company's leasing activities primarily consist of operating leases for service centers, manufacturing facilities, sales and administrative offices, and certain equipment. The following table presents operating lease expense: Operating Lease Expense 2024 2023 2022 Long-term fixed lease $ 292 $ 276 $ 254 Long-term variable lease 76 73 48 Short-term lease 511 503 477 Total operating lease expense $ 879 $ 852 $ 779 Cash flows used in operating activities for operating leases approximate lease expense for the years ended December 31, 2024, 2023 and 2022. As of December 31, 2024, maturities of operating lease liabilities are as follows: Year Operating Leases 2025 $ 221 2026 147 2027 99 2028 72 2029 54 Thereafter 210 Total lease payments 803 Less: imputed interest 130 Total $ 673 Amounts recognized in the consolidated statements of financial position for operating leases consist of the following: 2024 2023 All other current liabilities $ 198 $ 220 All other liabilities 475 549 Total $ 673 $ 769 Right-of-use assets of $678 million and $769 million as of December 31, 2024 and 2023, respectively, are included in " All other assets

DEBT

DEBT	12 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
DEBT	DEBT The carrying value of the Company's short-term and long-term debt consists of the following at December 31: 2024 2023 Amount Effective Interest Rate (1) Amount Effective Interest Rate (1) Short-term and current portion of long-term debt 8.55% Debentures due June 2024 (2) $ — — % $ 109 4.1 % Other debt 53 4.6 % 39 4.9 % Total short-term and current portion of long-term debt 53 148 Long-term debt 2.061% Senior Notes due December 2026 599 2.4 % 598 2.4 % 3.337% Senior Notes due December 2027 1,302 5.4 % 1,294 5.3 % 6.875% Notes due January 2029 (2) 262 3.9 % 268 3.9 % 3.138% Senior Notes due November 2029 523 3.2 % 523 3.2 % 4.486% Senior Notes due May 2030 498 4.6 % 498 4.6 % 5.125% Senior Notes due September 2040 (2) 1,275 4.2 % 1,281 4.2 % 4.080% Senior Notes due December 2047 1,338 4.1 % 1,338 4.1 % Other long-term debt 173 4.2 % 73 6.3 % Total long-term debt 5,970 5,872 Total debt $ 6,023 $ 6,020 (1) Effective interest rate is based on the carrying value including issuance costs, interest rate swaps, and step-up adjustments from the Baker Hughes Incorporated ("BHI") acquisition recorded for certain Senior Notes and Debentures. (2) Represents long-term fixed rate debt obligations assumed in connection with the acquisition of BHI. The carrying value of short-term and long-term debt includes issuance costs, changes in fair value of the debt instrument hedged by interest rate swaps, and step-up adjustments for the BHI acquisition. At December 31, 2024 and 2023, these adjustments resulted in a net increase to the carrying value of the Company's debt totaling $91 million and $95 million, respectively. The estimated fair value of total debt at December 31, 2024 and 2023 was $5,409 million and $5,571 million, respectively. For a majority of the Company's debt, the fair value was determined using quoted period-end market prices. Where market prices are not available, the Company estimates fair values based on valuation methodologies using current market interest rate data adjusted for non-performance risk. Maturities of debt for each of the five years in the period ending December 31, 2029, and in the aggregate thereafter, are listed in the table below: 2025 2026 2027 2028 2029 Thereafter Total debt $ 53 $ 607 $ 1,310 $ — $ 885 $ 3,169 The Company has a $3.0 billion committed unsecured revolving credit facility ("the Credit Agreement") with commercial banks maturing in November 2028. The Credit Agreement contains certain representations and warranties, certain affirmative covenants and negative covenants, in each case considered customary. No related events of default have occurred. The Credit Agreement is fully and unconditionally guaranteed on a senior unsecured basis by Baker Hughes. At December 31, 2024 and 2023, there were no borrowings under the Credit Agreement. Baker Hughes Co-Obligor, Inc. is a co-obligor, jointly and severally with BHH LLC on the Company's long-term debt securities. This co-obligor is a 100%-owned finance subsidiary of BHH LLC that was incorporated for the sole purpose of serving as a corporate co-obligor of long-term debt securities and has no assets or operations other than those related to its sole purpose. As of December 31, 2024, Baker Hughes Co-Obligor, Inc. is a co-obligor of certain debt securities totaling $5.8 billion. Certain Senior Notes contain covenants that restrict the Company's ability to take certain actions, including, but not limited to, the creation of certain liens securing debt, the entry into certain sale-leaseback transactions, and engaging in certain merger, consolidation and asset sale transactions in excess of specified limits. At December 31, 2024, the Company was in compliance with all debt covenants.

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	12 Months Ended
	Dec. 31, 2024
Retirement Benefits [Abstract]
EMPLOYEE BENEFIT PLANS	EMPLOYEE BENEFIT PLANS DEFINED BENEFIT PLANS The Company maintains Company sponsored pension plans for certain of its employees. The Company also maintains unfunded end-of-service benefit plans that are mandated in certain countries in which it operates. The Company's primary plans disclosed in 2024 included three U.S. plans and eight non-U.S. plans, primarily in the United Kingdom and Germany, all with plan assets or obligations greater than $20 million. These defined benefit plans generally provide benefits to employees based on formulas recognizing length of service and earnings; however, the majority of these plans are either frozen or closed to new entrants. The Company also provides certain postretirement health care benefits, through unfunded plans, to a closed group of U.S. employees who retire and meet certain age and service requirements. The accumulated postretirement benefit obligation related to these plans was $28 million and $33 million at December 31, 2024 and 2023, respectively. Funded Status The funded status position represents the difference between the benefit obligation and the plan assets. The Company's primary plans consist of six funded plans and five unfunded plans. The projected benefit obligation ("PBO") for pension benefits represents the actuarial present value of benefits attributed to employee services and compensation and includes an assumption about future compensation levels. The accumulated benefit obligation ("ABO") is the actuarial present value of pension benefits attributed to employee service to date at present compensation levels. The ABO differs from the PBO in that the ABO does not include any assumptions about future compensation levels. Below is the reconciliation of the beginning and ending balances of benefit obligations, fair value of plan assets, and the funded status of the Company's defined benefit plans ("Pension Benefits"). Pension Benefits 2024 2023 Change in benefit obligation: Benefit obligation at beginning of year $ 2,443 $ 2,634 Service cost 16 15 Interest cost 107 116 Actuarial gain (1) (148) (4) Benefits paid (92) (126) Settlements (227) (4) Settlement due to plan termination (2) — (246) Foreign currency translation adjustments (15) 58 Benefit obligation at end of year 2,084 2,443 Change in plan assets: Fair value of plan assets at beginning of year 2,080 2,266 Actual return on plan assets (73) 121 Employer contributions 66 18 Benefits paid (92) (126) Settlements (227) (4) Settlement due to plan termination (2) — (246) Other (39) — Foreign currency translation adjustments (7) 51 Fair value of plan assets at end of year 1,708 2,080 Funded status - underfunded at end of year $ (376) $ (363) Accumulated benefit obligation $ 2,039 $ 2,399 (1) The actuarial gain in 2024 was primarily related to a change in the discount rate used to measure the benefit obligation for the Company's plans. (2) Plan termination relates to the termination of one of the Company's fully funded frozen U.S. defined benefit plans that was initiated in April 2022. The amounts recognized in the consolidated statements of financial position consist of the following at December 31: Pension Benefits 2024 2023 Noncurrent assets $ 43 $ 78 Current liabilities (28) (17) Noncurrent liabilities (391) (424) Net amount recognized $ (376) $ (363) Information for the plans with ABOs and PBOs in excess of plan assets consist of the following at December 31: Pension Benefits 2024 2023 Projected benefit obligation $ 1,180 $ 1,410 Accumulated benefit obligation $ 1,135 $ 1,366 Fair value of plan assets $ 761 $ 968 The Company has a U.S. non-qualified supplemental pension plan ("BH SPP") for certain employees which is included in the benefit obligations and funded status in the tables above. In order to meet a portion of the Company's obligations of the BH SPP, the Company established a trust comprised primarily of mutual fund assets. The value of these assets was $36 million as of December 31, 2024 and 2023, respectively. These assets are not included as plan assets or in the funded status amounts in the tables above and below. Net Periodic Cost The components of net periodic cost consist of the following: Pension Benefits 2024 2023 2022 Service cost $ 16 $ 15 $ 23 Interest cost 107 116 78 Expected return on plan assets (118) (102) (114) Amortization of prior service credit 1 1 1 Amortization of net actuarial loss 18 19 27 Curtailment / settlement loss 20 (16) 2 Net periodic cost $ 44 $ 33 $ 17 The service cost component of the net periodic cost is included in "Operating income (loss)" and all other components are included in "Other non-operating income (loss), net" in the consolidated statements of income (loss). Assumptions Used in Benefit Calculations Accounting requirements necessitate the use of assumptions to reflect the uncertainties and the length of time over which the pension obligations will be paid. The actual amount of future benefit payments will depend upon when participants retire, the amount of their benefit at retirement, and how long they live. To reflect the obligation in today's dollars, the Company discounts the future payments using a rate that matches the time frame over which the payments are expected to be made. The Company also needs to assume a long-term rate of return that will be earned on investments used to fund these payments. Another assumption used is the interest crediting rate for the Company's U.S. qualified cash balance plan. Under the provisions of this pension plan, a hypothetical cash balance account has been established for each participant. Such accounts receive quarterly interest credits based on a prescribed formula. Weighted average assumptions used to determine benefit obligations for these plans are as follows: Pension Benefits 2024 2023 Discount rate 5.22 % 4.54 % Rate of compensation increase 3.31 % 3.26 % Interest crediting rate 4.46 % 3.98 % Weighted average assumptions used to determine net periodic cost for these plans are as follows: Pension Benefits 2024 2023 2022 Discount rate 4.54 % 4.89 % 2.15 % Expected long-term return on plan assets 5.97 % 5.05 % 3.85 % Interest crediting rate 3.98 % 4.31 % 2.60 % The Company determines the discount rate using a bond matching model, whereby the weighted average yields on high-quality fixed-income securities have maturities consistent with the timing of benefit payments. Lower discount rates increase the size of the benefit obligations while higher discount rates reduce the size of the benefit obligation. The compensation assumption is used in the Company's active plans to estimate the annual rate at which the pay for plan participants will grow. If the rate of growth assumed increases, the size of the pension obligations will increase. The expected return on plan assets is the estimated long-term rate of return that will be earned on the investments used to fund the pension obligations. To determine this rate, the Company considers the current and target composition of plan investments, our historical returns earned, and our expectations about the future. Accumulated Other Comprehensive Loss The amount recorded before-tax in accumulated other comprehensive loss related to the Company's defined benefit plans consists of the following at December 31: Pension Benefits 2024 2023 Net actuarial loss $ 338 $ 333 Net prior service cost 14 15 Total $ 352 $ 348 Plan Assets The Company has an investment committee that meets regularly to review portfolio returns and to determine asset-mix targets based on asset/liability studies. Third-party investment consultants assist the committee in developing asset allocation strategies to determine the Company's expected rates of return and expected risk for various investment portfolios. The investment committee considered these strategies in the formal establishment of the current asset-mix targets based on the projected risk and return levels for all major asset classes. The table below presents the fair value of the plan assets at December 31: 2024 2023 Debt securities Fixed income and cash investment funds $ 1,253 $ 1,122 Equity securities Global equity securities (1) 73 227 U.S. equity securities (1) 107 157 Insurance contracts 92 103 Real estate 3 34 Private equities 45 35 Other investments (2) 135 402 Total plan assets $ 1,708 $ 2,080 (1) Include direct investments and investment funds. (2) Consists primarily of asset allocation fund investments. Plan assets valued using Net Asset Value ("NAV") as a practical expedient amounted to $1,557 million and $1,967 million as of December 31, 2024 and 2023, respectively. The percentages of plan assets valued using NAV by investment fund type for equity securities, fixed income and cash, and alternative investments were 12%, 80%, and 8% as of December 31, 2024, respectively, and 20%, 57%, and 23% as of December 31, 2023, respectively. Those investments that were measured at fair value using NAV as a practical expedient were excluded from the fair value hierarchy. The practical expedient was not applied for investments with a fair value of $151 million and $113 million as of December 31, 2024 and 2023, respectively. There were investments classified within Level 3 of $92 million and $103 million for non U.S. insurance contracts as of December 31, 2024 and 2023, respectively. Other In March 2024, the Company initiated the termination of one of its frozen U.S. defined benefit pension plans (the "Plan"), which would result in the full settlement of the Company's Plan obligations, which at December 31, 2024 was $131 million. The distribution of Plan assets from the pension trust fund pursuant to the termination will not be made until the Plan termination satisfies all regulatory requirements, which the Company currently expects to occur by the end of 2025. The Company does not expect the termination to have a material impact on its financial condition, results of operations, or cash flows. Funding Policy The funding policy for the Company's Pension Benefits is to contribute amounts sufficient to meet minimum funding requirements as set forth in employee benefit and tax laws plus such additional amounts as it may determine to be appropriate. In 2024, the Company contributed approximately $66 million, which includes benefit payments made directly to the employee for its unfunded plans. The Company anticipates it will contribute between approximately $25 million to $30 million to its pension plans in 2025. The following table presents the expected benefit payments for Pension Benefits over the next 10 years. For funded Company sponsored plans, the benefit payments are made by the respective pension trust funds. Year Pension Benefits 2025 $ 249 2026 120 2027 121 2028 123 2029 128 2030-2034 636 DEFINED CONTRIBUTION PLANS The Company's primary defined contribution plan during 2024 was the Company-sponsored U.S. 401(k) plan ("401(k) Plan"). The 401(k) Plan allows eligible employees to contribute portions of their eligible compensation to an investment trust. The Company matches employee contributions at the rate of $1.00 per $1.00 employee contribution for the first 5% of the employee's eligible compensation, and such contributions vest immediately. In addition, the Company makes cash contributions for all eligible employees of 4% of their eligible compensation and such contributions are fully vested after three years of employment. The 401(k) Plan provides several investment options, for which the employee has sole investment discretion; however, the 401(k) Plan does not offer the Company's common stock as an investment option. The Company's costs for the 401(k) Plan and several other U.S. and non-U.S. defined contribution plans amounted to $180 million and $217 million in 2024 and 2023, respectively. The Company has two non-qualified defined contribution plans that are invested through trusts. The assets and corresponding liabilities were $300 million and $281 million at December 31, 2024 and 2023, respectively, and are included in "All other assets" and "Liabilities for pensions and other postretirement benefits," respectively, in the consolidated statements of financial position.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The provision for income taxes consists of the following: 2024 2023 2022 Current: U.S. $ 39 $ 33 $ 6 Foreign 889 711 489 Total current 928 744 495 Deferred: U.S. (556) (27) 40 Foreign (115) (32) 65 Total deferred (671) (59) 105 Provision for income taxes $ 257 $ 685 $ 600 On August 16, 2022, the U.S. enacted The Inflation Reduction Act which included a number of additional credits and deductions for businesses and individuals. The Inflation Reduction Act also included the adoption of the Corporate Alternative Minimum Tax in 2023, which is based on financial statement book income of large corporations. In 2024, the Company is not subject to the Corporate Alternative Minimum Tax. The geographic sources of income before income taxes consist of the following: 2024 2023 2022 U.S. $ 1,099 $ 882 $ (698) Foreign 2,166 1,773 720 Income before income taxes $ 3,265 $ 2,655 $ 22 The provision for income taxes differs from the amount computed by applying the U.S. statutory income tax rate to the income before income taxes for the reasons set forth below for the years ended December 31: 2024 2023 2022 Income before income taxes $ 3,265 $ 2,655 $ 22 Taxes at the U.S. federal statutory income tax rate 686 558 5 Effect of foreign operations (2) 269 112 338 Tax impact of partnership structure (40) (103) 6 Change in valuation allowances (1) (625) 53 164 Tax expense (benefit) due to unrecognized tax benefits 38 (5) (7) Other - net (71) 70 94 Provision for income taxes $ 257 $ 685 $ 600 Actual income tax rate 7.9 % 25.8 % 2,727.3 % (1) For December 31, 2024 and 2023, this amount was reduced by $664 million and $81 million, respectively, that is related to the release of a valuation allowance for certain deferred tax assets. (2) For December 31, 2022, $140 million of this amount relates to the charges associated with the sale and suspension of the Company's Russia operations. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes, as well as operating loss and tax credit carryforwards. As a result of an internal reorganization completed on December 30, 2023, BHH LLC became a single member LLC thereby terminating the partnership for U.S. income tax purposes. From December 31, 2023, U.S. deferred tax assets and liabilities are recorded based on the inside book basis versus tax basis difference and are no longer recorded based on the Company's outside basis difference in the BHH LLC partnership. As a result, in 2023 the deferred tax asset related to the investment in partnership has been adjusted accordingly and other deferred tax assets and liabilities, including PP&E, intangible assets, and lower tier investment in partnerships & subsidiaries, have been increased to reflect the tax effect of the inside basis difference of those respective assets and liabilities. The tax effects of differences that give rise to significant portions of the deferred income tax assets and deferred income tax liabilities as of December 31 consist of the following: 2024 2023 Deferred tax assets: Operating & capital loss carryforwards $ 3,442 $ 3,332 Tax credit & other carryforwards 772 936 Investment in partnerships & subsidiaries 276 286 Property, plant and equipment 250 168 Employee benefits 278 241 Goodwill and other intangible assets 198 137 Receivables 150 111 Inventory 150 73 Other 376 352 Total deferred income tax asset 5,892 5,636 Valuation allowances (3,908) (4,416) Total deferred income tax asset after valuation allowance 1,984 1,220 Deferred tax liabilities: Indefinite-lived intangible assets (377) (380) Fair value of derivative financial instruments (166) (90) Other (240) (204) Total deferred income tax liability (783) (674) Net deferred tax asset $ 1,201 $ 546 At December 31, 2024, the Company had approximately $404 million of non-U.S. tax credits and other carryforwards which may be carried forward indefinitely under applicable foreign law, $230 million of U.S. foreign tax credits and $138 million of other U.S. Federal and state tax credits and other carryforwards, the majority of which have expiration dates after tax year 2027 under U.S. Federal and state tax law. Additionally, the Company had $3,413 million of net operating loss carryforwards ("NOLs"), of which approximately $329 million have expiration dates within five years, $1,988 million have expiration dates between six years and 20 years, and the remainder can be carried forward indefinitely. Lastly, the Company had $29 million of capital loss carryforwards, the majority of which can be carried forward indefinitely. The Company routinely assesses the recoverability of its deferred tax assets, giving consideration to a range of factors including, but not limited to the pattern of historical taxable income generation, current performance, including active contractual arrangements and the forecasted business outlook across operating jurisdictions. The ultimate realization of the deferred tax assets depends on a number of factors including the ability to generate sufficient taxable income of the appropriate character in the future and in the appropriate taxing jurisdictions. A valuation allowance is recorded (or maintained) when it is more likely than not that some portion or all of the deferred tax assets will not be realized. As of December 31, 2024, the Company assessed both positive and negative evidence, with significant weight given to objective and verifiable factors such as recent taxable income levels and credit utilization. Based on this evaluation, including consideration of our projected future taxable earnings, the Company concluded that it is more likely than not that its U.S. deferred tax assets are recoverable. Accordingly, the Company released the associated valuation allowance, resulting in a tax benefit of $664 million ( 20% impact to the effective tax rate) in 2024. At December 31, 2024, $3,908 million of valuation allowances are recorded against various deferred tax assets, primarily related to foreign operating and capital losses of $3,161 million and non-U.S. tax credit carryforwards of $401 million. The following table presents the change in the valuation allowances during the year: 2024 2023 Balance at the beginning of the year $ 4,416 $ 4,090 Release in the U.S., net of current year non-U.S. activity (625) 53 Other 117 273 Balance at end of year $ 3,908 $ 4,416 Indefinite reinvestment is determined by management's intentions concerning the future operations of the Company. In cases where repatriation would otherwise incur significant withholding or income taxes, these earnings have been indefinitely reinvested in the Company's active non-U.S. business operations. As of December 31, 2024, the cumulative amount of undistributed foreign earnings is approximately $4,659 million. Computation of the potential deferred tax liability associated with these undistributed earnings and any other basis differences is not practicable. At December 31, 2024, the Company had $455 million of tax liabilities for total gross unrecognized tax benefits related to uncertain tax positions. In addition to these uncertain tax positions, the Company had $81 million and $66 million related to interest and penalties, respectively, for total liabilities of $602 million for uncertain positions. If the Company were to prevail on all uncertain positions, the net effect would result in an income tax benefit of approximately $534 million. The remaining $68 million is comprised of $42 million for deferred tax assets that represent tax benefits that would be received in different taxing jurisdictions or in a different character and $26 million increased valuation allowances. The following table presents the changes in the Company's gross unrecognized tax benefits included in the consolidated statements of financial position. Asset / (Liability) 2024 2023 Balance at beginning of year $ (467) $ (496) Additions for tax positions of the current year (17) (15) Additions for tax positions of prior years (51) (50) Reductions for tax positions of prior years 28 32 Settlements with tax authorities 24 26 Lapse of statute of limitations 28 36 Balance at end of year $ (455) $ (467) It is expected that the amount of unrecognized tax benefits will change in the next twelve months due to expiring statutes, audit activity, tax payments, and competent authority proceedings related to transfer pricing or final decisions in matters that are the subject of litigation in various taxing jurisdictions in which the Company operates. At December 31, 2024, the Company had approximately $110 million of tax liabilities related to uncertain tax positions, each of which are individually insignificant, and each of which are reasonably possible of being settled within the next twelve months. The Company conducts business in more than 120 countries and is subject to income taxes in most taxing jurisdictions in which it operates, each of which may have multiple open years subject to examination. All Internal Revenue Service examinations have been completed and closed through 2015 for the most significant U.S. returns. The Company believes that it has made adequate provision for all income tax uncertainties in all jurisdictions.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	12 Months Ended
	Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION The Company has the Long-Term Incentive Plan ("LTI Plan") under which it may grant restricted stock units ("RSU"), performance share units ("PSU"), stock options and other equity-based awards to employees and non-employee directors providing services to the Company and its subsidiaries. The Company also provides an Employee Stock Purchase Plan for eligible employees. A total of up to 29.5 million shares of Class A common stock are reserved and available for issuance pursuant to awards granted under the LTI Plan over its term which expires on the date of the annual meeting of the Company in 2031. A total of 19.2 million shares of Class A common stock are available for issuance as of December 31, 2024. Stock-based compensation cost was $202 million, $197 million and $207 million for the years ended December 31, 2024, 2023 and 2022, respectively. Stock-based compensation cost is measured at the date of grant based on the calculated fair value of the award and is generally recognized on a straight-line basis over the vesting period of the equity grant. The compensation cost is determined based on awards ultimately expected to vest; therefore, the Company has reduced the cost for estimated forfeitures based on historical forfeiture rates. Forfeitures are estimated at the time of grant and revised, if necessary, in subsequent periods to reflect actual forfeitures. There were no stock-based compensation costs capitalized as the amounts were not material. Restricted Stock The Company may grant to its officers, directors, and key employees RSUs, where each unit represents the right to receive, at the end of a stipulated period, one unrestricted share of stock with no exercise price. Certain RSUs are subject to cliff or graded vesting, generally ranging over a period of three years. Non-employee directors are granted RSUs that immediately vest on the grant date. Cash dividend equivalents are accumulated on RSUs and are payable upon vesting of the awards. The Company determines the fair value of RSUs based on the market price of its common stock on the date of grant. The following table presents the changes in RSUs outstanding and related information (in thousands, except per unit prices): Number of Weighted Average Unvested balance at December 31, 2023 12,113 $ 27.70 Granted 6,724 28.78 Vested (6,175) 26.15 Forfeited (1,168) 29.21 Unvested balance at December 31, 2024 11,494 $ 29.02 In 2024, the total intrinsic value of RSUs vested (defined as the value of shares awarded based on the price of the Company's common stock at vesting date) was $188 million and unvested RSUs was $471 million. The total grant date fair value of RSUs vested in 2024 was $161 million. As of December 31, 2024, there was $179 million of total unrecognized compensation cost related to unvested RSUs, which is expected to be recognized over a weighted average period of 1.81 years. Performance Share Units The Company may grant PSUs to certain officers and key employees. The PSUs are stock-based awards tied to predefined company metrics and contain a payout modifier based on total shareholder return ("TSR"). PSUs generally cliff vest after a service period of three years. Cash dividend equivalents are accumulated on PSUs and are payable upon vesting of the awards. The fair value of the awards determined for the predefined company metrics are based on the market price of the Company's common stock on the date of grant. The fair value of the PSU awards is determined based on a Monte Carlo simulation method. The following table presents the changes in PSUs outstanding and related information (in thousands, except per unit prices): Number of Weighted Average Unvested balance at December 31, 2023 2,828 $ 28.70 Granted 869 29.73 Vested (984) 34.09 Forfeited (171) 31.26 Unvested balance at December 31, 2024 2,542 $ 31.17 The total intrinsic value of PSUs vested and unvested, (defined as the value of the shares awarded at the year-end market price) was $31 million and $104 million, respectively, as of December 31, 2024. The total grant date fair value of PSUs vested in 2024 was $34 million. Total unrecognized compensation cost related to unvested PSUs, which is expected to be recognized over a weighted average period of 1.72 years , was $38 million as of December 31, 2024. Stock Options The Company previously granted stock options to its officers, directors and key employees. Stock options generally vest in equal amounts over a vesting period of three years provided that the employee has remained continuously employed by the Company through such vesting date. The Company has not granted stock options to officers, directors, or key employees since 2019. The following table presents the changes in stock options outstanding and related information (in thousands, except per option prices): Number of Weighted Average Outstanding at December 31, 2023 2,241 $ 33.92 Exercised (391) 33.21 Expired (425) 41.10 Outstanding and exercisable at December 31, 2024 1,425 $ 31.99 The weighted average remaining contractual term for options outstanding and options exercisable at December 31, 2024 was 3.1 years. The maximum contractual term of options outstanding is 4.1 years. The total intrinsic value of stock options exercised (defined as the amount by which the market price of the Company's common stock on the date of exercise exceeds the exercise price of the option) in 2024 was $3 million. The total intrinsic value of stock options outstanding and options exercisable at December 31, 2024 was $13 million. The intrinsic value of stock options outstanding is calculated as the amount by which the quoted price of $41.02 of the Company's common stock as of the end of 2024 exceeds the exercise price of the options. Employee Stock Purchase Plan The employee stock purchase plan provides for eligible employees to purchase shares of Class A common stock quarterly on an after-tax basis in an amount between 1% and 20% of their annual pay at a 15% discount of the fair market value of the Company's Class A common stock at the end of each quarterly offering period. An employee may not purchase more than $3,000 in any of the three-month measurement periods described above or $12,000 annually. A total of 21.5 million shares of Class A common stock are authorized for issuance, and at December 31, 2024, there were 6.9 million shares of Class A common stock reserved for future issuance.

EQUITY

EQUITY	12 Months Ended
	Dec. 31, 2024
Equity [Abstract]
EQUITY	EQUITY COMMON STOCK The Company is authorized to issue 2 billion shares of Class A common stock, 1.25 billion shares of Class B common stock and 50 million shares of preferred stock, each of which has a par value of $0.0001 per share. As of December 31, 2024 and 2023, there were no shares of Class B common stock issued and outstanding. The Company has not issued any preferred stock. The Company has a share repurchase program which it expects to fund from cash generated from operations, and it expects to make share repurchases from time to time subject to the Company's capital plan, market conditions, and other factors, including regulatory restrictions. The repurchase program may be suspended or discontinued at any time and does not have a specified expiration date. In 2024 and 2023, the Company repurchased and canceled 15.2 million and 16.3 million shares of Class A common stock, each for $484 million and $538 million, representing an average price per share of $31.78 and $33.09, respectively. As of December 31, 2024, the Company had authorization remaining to repurchase up to approximately $1.7 billion of its Class A common stock. The following table presents the changes in the number of shares outstanding (in thousands): Class A Common Stock 2024 2023 Balance at beginning of year 997,709 1,005,960 Issue of shares upon vesting of restricted stock units (1) 4,975 5,738 Issue of shares on exercise of stock options (1) 389 434 Issue of shares for employee stock purchase plan 1,814 1,846 Repurchase and cancellation of Class A common stock (15,241) (16,269) Balance at end of year 989,646 997,709 (1) Share amounts reflected above are net of shares withheld to satisfy the employee's tax withholding obligation. During 2024 and 2023, the Company declared and paid aggregate regular dividends of $0.84 and $0.78 per share, respectively, to holders of record of the Company's Class A common stock. ACCUMULATED OTHER COMPREHENSIVE LOSS The following tables present the changes in accumulated other comprehensive loss, net of tax: Foreign Currency Translation Adjustments Cash Flow Hedges Benefit Plans Accumulated Other Comprehensive Loss Balance at December 31, 2022 $ (2,666) $ (9) $ (296) $ (2,971) Other comprehensive income (loss) before reclassifications 153 12 (14) 151 Amounts reclassified from accumulated other comprehensive loss — (8) 28 20 Deferred taxes — (1) 5 4 Other comprehensive income 153 3 19 175 Balance at December 31, 2023 (2,513) (6) (277) (2,796) Other comprehensive income (loss) before reclassifications (350) 9 (46) (387) Amounts reclassified from accumulated other comprehensive loss — (11) 32 21 Deferred taxes — 1 — 1 Other comprehensive income (loss) (350) (1) (14) (365) Balance at December 31, 2024 $ (2,863) $ (7) $ (291) $ (3,161) The amounts reclassified from accumulated other comprehensive loss during the years ended December 31, 2024 and 2023 represent (i) gains (losses) reclassified on cash flow hedges when the hedged 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 (see "Note 10. Employee Benefit Plans" for additional details).

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2024
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE Basic and diluted net income (loss) per share of Class A common stock is presented below: (In millions, except per share amounts) 2024 2023 2022 Net income (loss) $ 3,008 $ 1,970 $ (578) Less: Net income attributable to noncontrolling interests 29 27 23 Net income (loss) attributable to Baker Hughes Company $ 2,979 $ 1,943 $ (601) Weighted average shares outstanding: Class A basic 994 1,008 987 Class A diluted 1,001 1,015 987 Net income (loss) per share attributable to common stockholders: Class A basic $ 3.00 $ 1.93 $ (0.61) Class A diluted $ 2.98 $ 1.91 $ (0.61) For the years ended December 31, 2024 and 2023, Class A diluted shares include the dilutive impact of equity awards except for approximately 1 million and 2 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. For the year ended December 31, 2022, the Company excluded all outstanding equity awards from the computation of diluted net loss per share because their effect is antidilutive.

FINANCIAL INSTRUMENTS

FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
FINANCIAL INSTRUMENTS	FINANCIAL INSTRUMENTS RECURRING FAIR VALUE MEASUREMENTS The Company's assets and liabilities measured at fair value on a recurring basis consist of derivative instruments and investment securities. 2024 2023 Level 1 Level 2 Level 3 Net Balance Level 1 Level 2 Level 3 Net Balance Assets Derivatives $ — $ 11 $ — $ 11 $ — $ 34 $ — $ 34 Investment securities 1,282 — 2 1,284 1,040 — 2 1,042 Total assets 1,282 11 2 1,295 1,040 34 2 1,076 Liabilities Derivatives — (64) — (64) — (76) — (76) Total liabilities $ — $ (64) $ — $ (64) $ — $ (76) $ — $ (76) 2024 2023 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Investment securities (1) Non-U.S. debt securities (2) $ 3 $ — $ — $ 3 $ 66 $ 1 $ — $ 67 Equity securities 544 737 — 1,281 527 451 (3) 975 Total $ 547 $ 737 $ — $ 1,284 $ 593 $ 452 $ (3) $ 1,042 (1) Net gains (losses) recorded to earnings related to these securities were $341 million, $405 million and $(271) million for the years ended December 31, 2024, 2023, and 2022, respectively. (2) As of December 31, 2024, the Company's non-U.S. debt securities are classified as available for sale securities and mature in approximately one year. As of December 31, 2024 and 2023, the balance of the Company's equity securities with readily determinable fair values is $1,281 million and $975 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 consolidated statements of financial position. The Company measured its investments at fair value based on quoted prices in active markets. Net gains (losses) recorded to earnings for the Company's equity securities with readily determinable fair values were $366 million, $435 million, and $(264) million for the years ended December 31, 2024, 2023 and 2022, respectively. Gains (losses) related to the Company's equity securities with readily determinable fair values are reported in "Other non-operating income (loss), net" in the consolidated statements of income (loss). OTHER EQUITY INVESTMENTS During 2024, no observable transactions occurred on the Company's equity securities without a readily determinable fair value. During 2023, certain equity securities without a readily determinable fair value were remeasured as of the date that an observable transaction occurred, which resulted in the Company recording a gain of $118 million. Gains (losses) related to the Company's equity securities without readily determinable fair values are reported in "Other non-operating income (loss), net" in the consolidated statements of income (loss) . FAIR VALUE DISCLOSURE OF FINANCIAL INSTRUMENTS The Company's financial instruments include cash and cash equivalents, receivables, certain investments, accounts payable, short and long-term debt, and derivative financial instruments. Except for long-term debt, the estimated fair value of these financial instruments at December 31, 2024 and 2023 approximates their carrying value as reflected in the consolidated financial statements. For further information on the fair value of the Company's debt, see "Note 9. Debt." DERIVATIVES AND HEDGING The Company uses derivatives to manage its risks and does not use derivatives for speculation. The table below summarizes the fair value of all derivatives, including hedging instruments and embedded derivatives. 2024 2023 Assets (Liabilities) Assets (Liabilities) Derivatives accounted for as hedges Currency exchange contracts $ 2 $ (2) $ 10 $ (3) Interest rate swap contracts — (45) — (52) Derivatives not accounted for as hedges Currency exchange contracts and other 9 (17) 24 (21) Total derivatives $ 11 $ (64) $ 34 $ (76) Derivatives are classified in the consolidated statements of financial position depending on their respective maturity date. As of December 31, 2024 and 2023, $9 million and $31 million of derivative assets are recorded in " All other current assets All other assets All other current liabilities All other liabilities During 2024, the Company issued credit default swaps ("CDS") in the total of $553 million to third-party financial institutions. The CDS relate to borrowings provided by these financial institutions to a customer in Mexico who utilized these borrowings to pay certain of the Company's outstanding receivables. The total notional amount remaining on the issued CDS was $412 million as of December 31, 2024, which will reduce each month through September 2026 as the customer repays the borrowings. The fair value of these derivative liabilities is not material. FORMS OF HEDGING Cash Flow Hedges The Company uses cash flow hedging primarily to mitigate the effects of foreign exchange rate changes on purchase and sale contracts. Accordingly, the vast majority of derivative activity in this category consists of currency exchange contracts. In addition, the Company is exposed to interest rate risk fluctuations in connection with long-term debt that it issues from time to time to fund its operations. Changes in the fair value of cash flow hedges are recorded in a separate component of equity (referred to as "Accumulated Other Comprehensive Income" or "AOCI") and are recorded in earnings in the period in which the hedged transaction occurs. See "Note 13. Equity" for further information on activity in AOCI for cash flow hedges. The maximum term of cash flow hedges that hedge forecasted transactions was approximately one year and two years at December 31, 2024 and 2023, respectively. Fair Value Hedges All of the Company's long-term debt is comprised of fixed rate instruments. The Company is subject to interest rate risk on its debt portfolio and may use interest rate swaps to manage the economic effect of fixed rate obligations associated with certain debt. Under these arrangements, the Company agrees to exchange, at specified intervals, the difference between fixed and floating interest amounts calculated by reference to an agreed-upon notional principal amount. As of December 31, 2024 and 2023, the Company had interest rate swaps with a notional amount of $500 million that converted a portion of its $1,350 million aggregate principal amount of 3.337% fixed rate Senior Notes due 2027 into a floating rate instrument with an interest rate based on a Secured Overnight Financing Rate index. The Company concluded that the interest rate swap met the criteria necessary to qualify for hedge accounting, and as such, the changes in this fair value hedge are recorded as gains or losses in interest expense and are equally offset by the gains or losses of the underlying debt instrument, which are also recorded in interest expense. NOTIONAL AMOUNT OF DERIVATIVES The notional amount of a derivative is used to determine, along with the other terms of the derivative, the amounts to be exchanged between the counterparties. The Company discloses the derivative notional amounts on a gross basis to indicate the total counterparty risk but it does not generally represent amounts exchanged by the Company and the counterparties. A substantial majority of the outstanding notional amount of $4.0 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 RISK Fair 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.

REVENUE RELATED TO CONTRACTS WI

REVENUE RELATED TO CONTRACTS WITH CUSTOMERS	12 Months Ended
	Dec. 31, 2024
Revenue from Contract with Customer [Abstract]
REVENUE RELATED TO CONTRACTS WITH CUSTOMERS	PROGRESS COLLECTIONS AND DEFERRED INCOME Contract liabilities include progress collections, which reflects billings in excess of revenue, and deferred income on long-term contracts to construct technically complex equipment, long-term product maintenance or extended warranty arrangements. Contract liabilities consist of the following at December 31: 2024 2023 Progress collections $ 5,550 $ 5,405 Deferred income 122 137 Progress collections and deferred income (contract liabilities) $ 5,672 $ 5,542 Revenue recognized during the years ended December 31, 2024 and 2023 that was included in the contract liabilities at the beginning of the year was $4,398 million and $2,999 million, respectively. DISAGGREGATED REVENUE The 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. Total Revenue 2024 2023 2022 Well Construction $ 4,145 $ 4,387 $ 3,854 Completions, Intervention, and Measurements 4,154 4,170 3,559 Production Solutions 3,860 3,854 3,587 Subsea & Surface Pressure Systems 3,470 2,950 2,230 Oilfield Services & Equipment 15,628 15,361 13,229 Gas Technology Equipment 5,693 4,232 2,599 Gas Technology Services 2,797 2,600 2,440 Total Gas Technology 8,490 6,832 5,039 Industrial Products 2,040 1,962 1,697 Industrial Solutions 1,065 983 884 Controls (1) — 41 208 Total Industrial Technology 3,105 2,987 2,789 Climate Technology Solutions 605 326 98 Industrial & Energy Technology 12,201 10,145 7,926 Total $ 27,829 $ 25,506 $ 21,156 (1) The sale of the Company's controls business was completed in April 2023. Oilfield Services & Equipment Geographic Revenue 2024 2023 2022 North America $ 3,955 $ 4,116 $ 3,764 Latin America 2,609 2,761 2,099 Europe/CIS/Sub-Saharan Africa 3,250 2,655 2,483 Middle East/Asia 5,814 5,829 4,883 Oilfield Services & Equipment $ 15,628 $ 15,361 $ 13,229 REMAINING PERFORMANCE OBLIGATIONS As of December 31, 2024, the aggregate amount of the transaction price allocated to the unsatisfied (or partially unsatisfied) performance obligations was $33.1 billion. As of December 31, 2024, the Company expects to recognize revenue of approximately 60%, 74% and 91% of the total remaining performance obligations within 2, 5, and 15 years, respectively, and the remaining thereafter. Contract modifications could affect both the timing to complete as well as the amount to be received as the Company fulfills the related remaining performance obligations.

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
	Dec. 31, 2024
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION The Company's segments are determined as those operations whose results are reviewed regularly by the chief operating decision maker ("CODM"), who is the Company's Chief Executive Officer, in deciding how to allocate resources and assess performance. The Company reports its operating results through two operating segments, OFSE and IET. Each segment is organized and managed based upon the nature of the Company's markets and customers and consists of similar products and services. These products and services operate across upstream oil and gas and broader energy and industrial markets. The following is a description of each segment's business operations: Oilfield Services & Equipment provides products and services for onshore and offshore oilfield operations across the lifecycle of a well, ranging from exploration, appraisal, and development, to production, rejuvenation, and decommissioning. OFSE is organized into four product lines: Well Construction, which encompasses drilling services, drill bits, and drilling & completions fluids; Completions, Intervention, and Measurements , which encompasses well completions, pressure pumping, and wireline services; Production Solutions , which spans artificial lift systems and oilfield & industrial chemicals; and Subsea & Surface Pressure Systems , which encompasses subsea projects and services, surface pressure control, and flexible pipe systems. Beyond its traditional oilfield concentration, OFSE is expanding its capabilities and technology portfolio to meet the challenges of a net-zero future. These efforts include expanding into new energy areas such as geothermal and carbon capture, utilization and storage ("CCUS"), strengthening its digital architecture and addressing key energy market themes. Industrial & Energy Technology provides technology solutions and services for mechanical-drive, compression and power-generation applications across the energy industry, including oil and gas, LNG operations, downstream refining, and petrochemical markets, as well as lower carbon solutions to broader energy and industrial sectors. IET also provides equipment, software, and services that serve a wide range of industries including petrochemical and refining, nuclear, aviation, automotive, mining, cement, metals, pulp and paper, and food and beverage. IET is organized into five product lines - Gas Technology Equipment, Gas Technology Services, Industrial Products, Industrial Solutions, and Climate Technology Solutions. Revenue and operating income for each segment are used by the CODM to assess the performance of each segment in a financial period. The performance of the operating segments is evaluated based on segment operating income (loss), which is defined as income (loss) before income taxes before the following: net interest expense, net other non-operating income (loss), unallocated corporate expenses, significant restructuring plans, impairment and other charges, inventory impairments, and certain gains and losses not allocated to the operating segments. The CODM uses segment operating income (loss) as the measure to make resource (including financial or capital resources) allocation decisions for each segment, predominantly in the annual budget and forecasting process. The CODM considers budget-to-actual variances on a quarterly basis when evaluating performance for each segment and making decisions about capital allocation. Accounting policies have been applied consistently by all segments within the Company for all reporting periods. Intercompany revenue and expense amounts have been eliminated within each segment to report on the basis that management uses internally for evaluating segment performance. Summarized financial information for the Company's segments is shown in the following tables. 2024 OFSE IET Total Revenue $ 15,628 $ 12,201 $ 27,829 Cost of goods and services sold (12,448) (8,738) (21,186) Research and development (260) (383) (643) Selling, general and administrative (932) (1,250) (2,182) Segment operating income $ 1,988 $ 1,830 $ 3,818 2023 OFSE IET Total Revenue $ 15,361 $ 10,145 $ 25,506 Cost of goods and services sold (12,282) (7,220) (19,502) Research and development (278) (373) (651) Selling, general and administrative (1,055) (1,242) (2,297) Segment operating income $ 1,746 $ 1,310 $ 3,055 2022 OFSE IET Total Revenue $ 13,229 $ 7,926 $ 21,156 Cost of goods and services sold (10,789) (5,342) (16,131) Research and development (228) (307) (535) Selling, general and administrative (1,011) (1,142) (2,153) Segment operating income $ 1,201 $ 1,135 $ 2,336 Reconciliation of segment operating income to income before income taxes: 2024 2023 2022 OFSE $ 1,988 $ 1,746 $ 1,201 IET 1,830 1,310 1,135 Total segment 3,818 3,055 2,336 Corporate costs (1) (363) (380) (416) Inventory impairment (2) (73) (35) (31) Restructuring, impairment and other (301) (323) (705) Other non-operating income (loss), net 382 554 (911) Interest expense, net (198) (216) (252) Income before income taxes $ 3,265 $ 2,655 $ 22 (1) Corporate costs of $274 million, $313 million, and $357 million are reported in "Selling, general and administrative" related to general and administrative costs not allocated to the segments in the consolidated statements of income (loss) for the years ended December 31, 2024, 2023 and 2022, respectively. Corporate costs of $89 million, $67 million, and $59 million are reported in "Cost of goods and services sold" primarily related to licensing costs not allocated to the segments in the consolidated statements of income (loss) for the years ended December 31, 2024, 2023 and 2022, respectively. (2) Charges for inventory impairments are reported in "Cost of goods sold" in the consolidated statements of income (loss). The following table presents total assets at December 31: Assets 2024 2023 OFSE $ 18,781 $ 17,925 IET 13,838 13,781 Total segment 32,619 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 amortization 2024 2023 2022 OFSE $ 893 $ 849 $ 845 IET 220 217 197 Total segment 1,113 1,066 1,042 Corporate 23 21 19 Total $ 1,136 $ 1,087 $ 1,061 The following table presents capital expenditures for the year ended December 31: Capital expenditures 2024 2023 2022 OFSE $ 954 $ 960 $ 791 IET 284 229 183 Total segment 1,238 1,189 974 Corporate 40 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. Revenue 2024 2023 2022 U.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 - net 2024 2023 U.S. $ 1,794 $ 1,579 Non-U.S. 3,333 3,314 Total $ 5,127 $ 4,893

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2024
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS The Company has an aeroderivative joint venture ("Aero JV") it formed with General Electric Company ("GE") in 2019. As of December 31, 2024, the Aero JV was jointly controlled by GE Vernova (NYSE: GEV) and the Company, each with ownership interest of 50%, and therefore, the Company does not consolidate the Aero JV. As a result of GE's spin-off of GE Vernova, GE transferred its interest in the Aero JV to GE Vernova in the second quarter of 2024. The Company had purchases from the Aero JV of $698 million, $517 million, and $528 million during the years ended December 31, 2024, 2023 and 2022, respectively. The Company has $117 million and $71 million of amounts due at December 31, 2024 and 2023, respectively, for products and services provided by the Aero JV in the ordinary course of business.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES LITIGATION The Company is subject to legal proceedings arising in the ordinary course of business. Because legal proceedings are inherently uncertain, management is unable to predict the ultimate outcome of such matters. The Company records a liability for those contingencies where the incurrence of a loss is probable and the amount can be reasonably estimated. Based on the opinion of management, the Company does not expect the ultimate outcome of currently pending legal proceedings to have a material adverse effect on its results of operations, financial position, or cash flows. However, there can be no assurance as to the ultimate outcome of these matters. On July 31, 2018, International Engineering & Construction S.A. ("IEC") initiated arbitration proceedings in New York administered by the International Center for Dispute Resolution ("ICDR") against the Company and its subsidiaries arising out of a series of sales and service contracts entered between IEC and the Company's subsidiaries for the sale and installation of LNG plants and related power generation equipment in Nigeria ("Contracts"). Prior to the filing of the IEC Arbitration, the Company's subsidiaries made demands for payment due under the Contracts. On August 15, 2018, the Company's subsidiaries initiated a separate demand for ICDR arbitration against IEC for claims of additional costs and amounts due under the Contracts. On October 10, 2018, IEC filed a Petition to Compel Arbitration in the United States District Court for the Southern District of New York against the Company seeking to compel non-signatory Baker Hughes entities to participate in the arbitration filed by IEC. The complaint is captioned International Engineering & Construction S.A. et al. v. Baker Hughes, a GE company, LLC, et al. No. 18-cv-09241 ("S.D.N.Y 2018"); this action was dismissed by the Court on August 13, 2019. In the arbitration, IEC alleges breach of contract and other claims against the Company and its subsidiaries and seeks recovery of alleged compensatory damages, in addition to reasonable attorneys' fees, expenses and arbitration costs. On March 15, 2019, IEC amended its request for arbitration to alleged damages of $591 million of lost profits plus unspecified additional costs based on alleged non-performance of the contracts in dispute. The arbitration hearing was held from December 9, 2019 to December 20, 2019. On March 3, 2020, IEC amended their damages claim to $700 million of alleged loss cash flow or, in the alternative, $244.9 million of lost profits and various costs based on alleged non-performance of the contracts in dispute, and in addition $4.8 million of liquidated damages, $58.6 million in take-or-pay costs of feed gas, and unspecified additional costs of rectification and take-or-pay future obligations, plus unspecified interest and attorneys' fees. On May 3, 2020, the arbitration panel dismissed IEC's request for take-or-pay damages. On May 29, 2020, IEC quantified their claim for legal fees at $14.2 million and reduced their alternative claim from $244.9 million to approximately $235 million. The Company and its subsidiaries have contested IEC's claims and are pursuing claims for compensation under the contracts. On October 31, 2020, the ICDR notified the arbitration panel's final award, which dismissed the majority of IEC's claims and awarded a portion of the Company's claims. On January 27, 2021, IEC filed a petition to vacate the arbitral award in the Supreme Court of New York, County of New York. On March 5, 2021, the Company filed a petition to confirm the arbitral award, and on March 8, 2021, the Company removed the matter to the United States District Court for the Southern District of New York. On November 16, 2021, the court granted the Company's petition to confirm the award and denied IEC's petition to vacate. During the second quarter of 2022, IEC paid the amounts owed under the arbitration award, which had an immaterial impact on the Company's financial statements. On February 3, 2022, IEC initiated another arbitration proceeding in New York administered by the ICDR against certain of the Company's subsidiaries arising out of the same project which formed the basis of the first arbitration. On March 25, 2022, the Company's subsidiaries initiated a separate demand for ICDR arbitration against IEC for claims of additional costs and amounts due; such claims against IEC have now been resolved, with any consideration having an immaterial impact on the Company's financial statements. At this time, the Company is not able to predict the outcome of the proceeding which is pending against the Company's subsidiaries. On or around February 15, 2023, the lead plaintiff and three additional named plaintiffs in a putative securities class action styled The Reckstin Family Trust, et al., v. C3.ai, Inc., et al ., No. 4:22-cv-01413-HSG, filed an amended class action complaint (the "Amended Complaint") in the United States District Court for the Northern District of California. The Amended Complaint names the following as defendants: (i) C3.ai., Inc. ("C3 AI"), (ii) certain of C3 AI's current and/or former officers and directors, (iii) certain underwriters for the C3 AI initial public offering (the "IPO"), and (iv) the Company, and its President and CEO (who formerly served as a director on the board of C3 AI). The Amended Complaint alleges violations of the Securities Act of 1933 ("the Securities Act") and the Securities Exchange Act of 1934 (the "Exchange Act") in connection with the IPO and the subsequent period between December 9, 2020 and December 2, 2021, during which BHH LLC held equity investments in C3 AI. The action seeks unspecified damages and the award of costs and expenses, including reasonable attorneys' fees. On February 22, 2024, the Court dismissed the claims against the Company. However, on April 4, 2024, the plaintiffs filed an amended complaint, reasserting their claims against the Company under the Securities Act and the Exchange Act. At this time, the Company is not able to predict the outcome of these proceedings. The Company insures against risks arising from its business to the extent deemed prudent by management and to the extent insurance is available, but no assurance can be given that the nature and amount of that insurance will be sufficient to fully indemnify the Company against liabilities arising out of pending or future legal proceedings or other claims. Most of the Company's insurance policies contain deductibles or self-insured retentions in amounts management deems prudent and for which the Company is responsible for payment. In determining the amount of self-insurance, it is the Company's policy to self-insure those losses that are predictable, measurable and recurring in nature, such as claims for automobile liability, general liability and workers compensation. ENVIRONMENTAL MATTERS Item 103 of SEC Regulation S-K requires disclosure of certain environmental matters when a governmental authority is a party to the proceedings and such proceedings involve potential monetary sanctions that the Company reasonably believes will exceed a specified threshold. The Company uses a threshold of $1 million for such proceedings. Applying this threshold, there are no environmental matters to disclose for this period. Estimated remediation costs are accrued using currently available facts, existing environmental permits, technology and enacted laws and regulations. The Company's cost estimates are developed based on internal evaluations and are not discounted. Accruals are recorded when it is probable that the Company will be obligated to pay for environmental site evaluation, remediation or related activities, and such costs can be reasonably estimated. As additional information becomes available, accruals are adjusted to reflect current cost estimates. The Company's total accrual for environmental remediation was $ 54 million 58 million OTHER In the normal course of business with customers, vendors and others, the Company has entered into off-balance sheet arrangements, such as surety bonds for performance, letters of credit, and other bank issued guarantees. The Company also provides a guarantee to GE Vernova on behalf of a customer who entered into a financing arrangement with GE Vernova. Total off-balance sheet arrangements were approximately $5.6 billion at December 31, 2024. It is not practicable to estimate the fair value of these financial instruments. As of December 31, 2024, none of the off-balance sheet arrangements either has, or is likely to have, a material effect on the Company's financial position, results of operations or cash flows. The Company also had commitments outstanding for purchase obligations for each of the five years in the period ending December 31, 2029 of $1,855 million, $308 million, $240 million, $95 million and $7 million, respectively, and $29 million in the aggregate thereafter. The Company sometimes enters into a joint and several liability consortium or similar arrangements for certain projects. Under such arrangements, each party is responsible for performing a certain scope of work within the total scope of the contracted work, and the obligations expire when all contractual obligations are completed. The failure or inability, financially or otherwise, of any of the parties to perform their obligations could impose additional costs and obligations on the Company. These factors could result in unanticipated costs to complete the project, liquidated damages or contract disputes.

RESTRUCTURING, IMPAIRMENT AND O

RESTRUCTURING, IMPAIRMENT AND OTHER	12 Months Ended
	Dec. 31, 2024
Restructuring and Related Activities [Abstract]
RESTRUCTURING, IMPAIRMENT AND OTHER	RESTRUCTURING, IMPAIRMENT AND OTHER The Company recorded restructuring, impairment and other charges of $301 million, $323 million, and $705 million during the years ended December 31, 2024, 2023 and 2022, respectively. RESTRUCTURING AND ASSOCIATED IMPAIRMENT CHARGES In 2024, the Company recorded restructuring and associated impairment charges of $ 260 million in 2024, recorded in "Cost of goods sold" in the consolidated statements of income (loss). In 2023, the Company recorded restructuring and associated impairment charges of $ 313 million In 2022, the Company recorded restructuring and associated impairment charges of $ 196 million The following table presents the restructuring and associated impairment charges by the impacted segment: 2024 2023 2022 Oilfield Services & Equipment $ 206 $ 148 $ 121 Industrial & Energy Technology (1) 13 98 36 Corporate 41 67 39 Total $ 260 $ 313 $ 196 (1) For the year ended December 31, 2024, $6 million of additional restructuring charges are included within segment operating income and reported in "Selling, general and administrative" in the consolidated statements of income (loss). The following table presents restructuring and associated impairment charges by type, and includes gains on the dispositions of certain property, plant and equipment as a consequence of exit activities: 2024 2023 2022 Property, plant and equipment $ 77 $ (2) $ 58 Employee-related termination expenses 153 270 121 Asset relocation costs — 5 3 Contract termination fees 2 1 1 Other incremental costs 34 39 13 Total $ 266 $ 313 $ 196 OTHER CHARGES Other charges included in "Restructuring, impairment and other" in the consolidated statements of income (loss) were $41 million, $10 million, and $509 million for the years ended December 31, 2024, 2023 and 2022, respectively. In 2022, other charges were primarily associated with the discontinuation of the Company's Russia operations. As a result of the conflict between Russia and Ukraine, the Company took actions to suspend substantially all operational activities related to Russia. These actions resulted in other charges of $334 million recorded in the second quarter of 2022 primarily associated with the suspension of contracts including all IET LNG contracts, and the impairment of assets consisting primarily of contract assets, PP&E and reserve for accounts receivable. In addition to these charges, the Company recorded inventory impairments of $31 million primarily in IET as a result of suspending the Company's Russia operations, which are reported in "Cost of goods sold" in the consolidated statements of income (loss). In 2022, the Company also recorded other charges of $84 million in the OFSE segment primarily related to the impairment of PP&E and intangibles for the subsea production systems business due to a decrease in the estimated future cash flows driven by a decline in the Company's long-term market outlook for this business, and $68 million in the IET segment primarily related to a write-off of an equity method investment and the release of foreign currency translation adjustments. The charges in 2022 also include separation related costs.

BUSINESS DISPOSITIONS AND ACQUI

BUSINESS DISPOSITIONS AND ACQUISITIONS	12 Months Ended
	Dec. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]
BUSINESS DISPOSITIONS AND ACQUISITIONS	BUSINESS DISPOSITIONS AND ACQUISITIONS The Company had no business acquisitions or dispositions for the year ended December 31, 2024. DISPOSITIONS The Company completed several business dispositions during 2023 and 2022 as described below. Any gain or loss on a business disposition is reported in " Other non-operating income (loss), net During 2023, the Company completed the sale of businesses and received total cash consideration of $293 million. The dispositions consisted primarily of the sale of the Nexus Controls business in the IET segment to GE in April 2023, which resulted in an immaterial gain. Nexus Controls specializes in scalable industrial controls systems, safety systems, hardware, and software cybersecurity solutions and services. During 2022, the Company sold part of the OFSE Russia business to local management for a nominal amount, which resulted in a loss before income taxes of $451 million. ACQUISITIONS During 2023, the Company completed the acquisition of businesses for total cash consideration of $301 million, net of cash acquired, which consisted primarily of the acquisition of Altus Intervention in the OFSE segment in April 2023. Altus Intervention is a leading international provider of well intervention services and downhole technology. The assets acquired and liabilities assumed in these acquisitions were recorded based on preliminary estimates of their fair values as of the acquisition date. As a result of these acquisitions, the Company recorded $138 million of goodwill and $58 million of intangible assets, subject to final fair value adjustments. Pro forma results of operations for these acquisitions have not been presented because the effects of these acquisitions were not material to the Company's consolidated financial statements. During 2022, the Company completed several acquisitions for total cash consideration of $767 million, net of cash acquired of $50 million, subject to the finalization of post-closing working capital adjustments. The transactions have been accounted for using the acquisition method of accounting and accordingly, assets acquired and liabilities assumed were recorded at their fair values as of the acquisition date. As a result of these acquisitions, the Company recorded $458 million of goodwill and $211 million of intangible assets. Pro forma results of operations for these acquisitions have not been presented because the effects of these acquisitions were not material to the Company's consolidated financial statements.

SUPPLEMENTARY INFORMATION

SUPPLEMENTARY INFORMATION	12 Months Ended
	Dec. 31, 2024
Other Liabilities Disclosure [Abstract]
SUPPLEMENTARY INFORMATION	SUPPLEMENTARY INFORMATION ALL OTHER CURRENT LIABILITIES All other current liabilities as of December 31, 2024 and 2023 include $1,237 million and $1,346 million, respectively, of employee related liabilities. ALLOWANCE FOR CREDIT LOSSES The following table presents the change in allowance for credit losses: 2024 2023 Balance at beginning of year $ 350 $ 341 Provision 77 79 Write-offs (153) (26) Prior year recoveries (35) (31) Other (7) (13) Balance at end of year $ 232 $ 350 SUPPLY CHAIN FINANCE PROGRAMS The following table presents the change in SCF program liabilities: 2024 Balance at beginning of year $ 332 Purchases 1,484 Payments (1,405) Balance at end of year $ 411

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Net Income (Loss) Attributable to Parent	$ 2,979	$ 1,943	$ (601)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2024 shares
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	During the three months ended December 31, 2024, certain of our officers or directors listed below adopted or terminated trading arrangements for the sale of shares of our Class A common stock in amounts and prices determined in accordance with a formula set forth in each such plan: Plans Name and Title Action Date Rule 10b5-1 (1) Non-Rule 10b5-1 (2) Number of Shares to be Sold Expiration Nancy Buese, Executive Vice President and Chief Financial Officer Adoption November 21, 2024 X 80,000 Earlier of when all shares under plan are sold and March 13, 2026 James E. Apostolides, Senior Vice President, Enterprise Operational Excellence Adoption November 12, 2024 X 22,357 Earlier of when all shares under plan are sold and October 31, 2025 (1) Intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) (2) Not intended to satisfy the affirmative defense conditions of Rule 10b5-1(c)
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Nancy Buese [Member]
Trading Arrangements, by Individual
Name	Nancy Buese
Title	Executive Vice President and Chief Financial Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	November 21, 2024
Aggregate Available	80,000
James E. Apostolides [Member]
Trading Arrangements, by Individual
Name	James E. Apostolides
Title	Senior Vice President, Enterprise Operational Excellence
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	November 12, 2024
Aggregate Available	22,357

BASIS OF PRESENTATION AND SUM_2

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Basis of Presentation	BASIS OF PRESENTATION
Consolidation	The consolidated financial statements include the accounts of Baker Hughes and all of its subsidiaries and affiliates which it controls or variable interest entities for which the Company has determined it is the primary beneficiary. All intercompany accounts and transactions have been eliminated.
Reclassification	In the Company's consolidated financial statements and notes, certain amounts have been reclassified to conform with the current year presentation.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and judgments that affect the reported amounts of assets and liabilities, disclosure of any contingent assets or liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. The Company bases its estimates and judgments on historical experience and on various other assumptions and information that it believes to be reasonable under the circumstances. Estimates and assumptions about future events and their effects cannot be perceived with certainty, and accordingly, these estimates may change as new events occur, as more experience is acquired, as additional information is obtained and as the Company's operating environment changes. While the Company believes that the estimates and assumptions used in the preparation of the consolidated financial statements are appropriate, actual results could differ from those estimates. Estimates are used for, but are not limited to, determining the following: allowance for credit losses and inventory valuation reserves; recoverability of long-lived assets; revenue recognition on long-term contracts; valuation of goodwill; useful lives used in depreciation and amortization; income taxes and related valuation allowances; accruals for contingencies; actuarial assumptions to determine costs and liabilities related to employee benefit plans; stock-based compensation expense; valuation of derivatives; and the fair value of assets acquired and liabilities assumed in acquisitions.
Foreign Currency	Foreign Currency Assets and liabilities of non-U.S. operations with a functional currency other than the U.S. dollar have been translated into U.S. dollars using the Company's period-end exchange rates, and revenue, expenses, and cash flows have been translated at average rates for the respective periods. Any resulting translation gains and losses are included in other comprehensive income (loss). The impact of remeasurement of monetary assets and liabilities denominated in currencies other than the functional currency of the Company or its subsidiaries is included in the consolidated statements of income (loss).
Revenue from Sale of Equipment	Revenue from Sale of Equipment Performance Obligations Satisfied Over Time The Company recognizes revenue on agreements for sales of equipment manufactured to unique customer specifications including long-term construction projects, on an over time basis, utilizing cost inputs as the measurement criteria in assessing the progress toward completion. The Company's estimate of costs to be incurred to fulfill its promise to a customer is based on the Company's history of manufacturing similar assets for customers and is updated routinely to reflect changes in quantity or pricing of the inputs. The Company begins to recognize revenue on these contracts when the contract specific inventory becomes customized for a customer, which is reflective of its initial transfer of control of the incurred costs. The Company provides for potential losses on any of these agreements when it is probable that it will incur the loss. The Company's billing terms for these over time contracts vary, but are generally based on achieving specified milestones. The differences between the timing of the Company's revenue recognized (based on costs incurred) and customer billings (based on contractual terms) results in changes to its contract asset or contract liability positions. Performance Obligations Satisfied at a Point In Time The Company recognizes revenue for non-customized equipment at the point in time that the customer obtains control of the good. Equipment for which the Company recognizes revenue at a point in time includes equipment manufactured on a standardized basis for sale to the market. The Company uses proof of delivery for certain large equipment with more complex logistics associated with the shipment, whereas the delivery of other equipment is generally determined based on historical data of transit times between regions. On occasion the Company sells equipment with a right of return. The Company uses its accumulated experience to estimate and provide for such returns when it records the sale. In situations where arrangements include customer acceptance provisions based on seller or customer-specified objective criteria, the Company recognizes revenue when it has concluded that the customer has control of the equipment and that acceptance has or is likely to occur. The Company's billing terms for these point in time equipment contracts vary, but are generally based on shipment of the equipment to the customer. Revenue from Sale of Services Performance Obligations Satisfied Over Time The Company sells product services under long-term product maintenance or extended warranty agreements in the Industrial & Energy Technology ("IET") segment. These agreements require the Company to maintain the customers' assets over the service agreement contract terms, which generally range from 10 to 20 years. In general, these are contractual arrangements to provide services, repairs, and maintenance of a covered unit (gas turbines for mechanical drive or power generation, primarily on liquefied natural gas ("LNG") applications). These services are performed at various times during the life of the contract, thus the costs of performing services are incurred on an other than straight-line basis. The Company recognizes related sales based on the extent of its progress toward completion measured by actual costs incurred in relation to total expected costs. The Company provides for any loss that it expects to incur on any of these agreements when that loss becomes probable. The Company utilizes historical customer data, prior product performance data, statistical analysis, third-party data, and internal management estimates to calculate contract-specific margins. In certain contracts, the total transaction price is variable based on customer utilization, which is excluded from the contract margin until the period that the customer has utilized to appropriately reflect the revenue activity in the period earned. In addition, revenue for certain oilfield services is recognized on an over time basis as performed. The Company's billing terms for these contracts are generally based on asset utilization (i.e. usage per hour) or the occurrence of a major maintenance event within the contract. The differences between the timing of the Company's revenue recognized (based on costs incurred) and customer billings (based on contractual terms) results in changes to its contract asset or contract liability positions. Performance Obligations Satisfied at a Point In Time The Company sells certain tangible products, largely spare equipment, through its services business. The Company recognizes revenue for this equipment at the point in time that the customer obtains control of the good, which is at the point in time the Company delivers the spare part to the customer. The Company's billing terms for these point in time service contracts vary, but are generally based on shipment of the equipment to the customer.
Research and Development	Research and Development Research and development costs are expensed as incurred and relate to the research and development of new products and services. Research and development costs were $643 million, $651 million, and $552 million for the years ended December 31, 2024, 2023 and 2022, respectively, net of related funding received from third parties. Research and development expenses are reported in "Cost of goods sold" and "Cost of services sold" in the consolidated statements of income (loss).
Cash and Cash Equivalents	Cash and Cash Equivalents Short-term investments with original maturities of three months or less are included in cash equivalents unless designated as available-for-sale and classified as investment securities.
Allowance for Credit Losses	Allowance for Credit Losses The Company monitors its customers' payment history and current creditworthiness to determine that collectability of the related financial assets is reasonably assured. The Company also considers the overall business climate in which its customers operate. The Company does not generally require collateral in support of its current receivables, but it may require payment in advance or security in the form of a letter of credit or a bank guarantee. For accounts receivable, a loss allowance matrix is utilized to measure lifetime expected credit losses. The matrix contemplates historical credit losses by age of receivables, adjusted for any forward-looking information and management expectations.
Inventories	Inventories All inventories are stated at the lower of cost or net realizable values and they are measured on a first-in, first-out ("FIFO") basis or average cost basis. As necessary, the Company records provisions and maintains reserves for excess, slow moving and obsolete inventory. To determine these reserve amounts, the Company regularly reviews inventory quantities on hand and compares them to estimates of future product demand, market conditions, production requirements and technological developments.
Property, Plant and Equipment (PP&E)	Property, Plant and Equipment Property, plant and equipment ("PP&E") is initially stated at cost and is depreciated over its estimated economic life. Subsequently, PP&E is measured at cost less accumulated depreciation, which is generally provided by using the straight-line method over the estimated economic lives of the individual assets, and impairment losses. The Company manufactures a substantial portion of its tools and equipment in the Oilfield Services & Equipment ("OFSE") segment and the cost of these items, which includes direct and indirect manufacturing costs, is capitalized in inventory and subsequently moved to PP&E.
Other Intangible Assets	The Company amortizes the cost of other intangible assets over their estimated useful lives unless such lives are deemed indefinite. The cost of intangible assets is generally amortized on a straight-line basis over the asset's estimated economic life.
Impairment of Goodwill	The Company performs an annual impairment test of goodwill on a qualitative or quantitative basis for each of the reporting units as of July 1, in conjunction with its annual strategic planning process, or more frequently when circumstances indicate an impairment may exist at the reporting unit level. When performing the annual impairment test, the Company has the option of first performing a qualitative assessment to determine the existence of events and circumstances that would lead to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If such a conclusion is reached, the Company would then be required to perform a quantitative impairment assessment of goodwill. However, if the assessment leads to a determination that it is more likely than not that the fair value of a reporting unit is greater than its carrying amount, then no further assessments are required. A quantitative assessment for the determination of impairment is made by comparing the carrying amount of each reporting unit with its fair value, which is generally calculated using a combination of market, comparable transactions and discounted cash flow approaches. Potential impairment indicators include, but are not limited to, (i) the results of the Company's most recent annual or interim impairment testing, in particular the magnitude of the excess of fair value over carrying value observed; (ii) downward revisions to internal forecasts, and the magnitude thereof, if any; and (iii) declines in the Company's market capitalization below its book value, and the magnitude and duration of those declines, if any.
Impairment of Other Long-Lived Assets	The Company reviews PP&E, intangible assets and certain other long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable, and at least annually for indefinite-lived intangible assets. When testing for impairment, the Company groups its long-lived assets with other assets and liabilities at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities (or asset group). The determination of recoverability is made based upon the estimated undiscounted future net cash flows. The amount of impairment loss, if any, is determined by comparing the fair value, as determined by a discounted cash flow analysis, with the carrying value of the related assets.
Financial Instruments	Financial Instruments The Company's financial instruments include cash and equivalents, current receivables, investments, accounts payables, short and long-term debt, and derivative financial instruments. The Company monitors its exposure to various business risks including commodity prices, interest rates, and foreign currency exchange rates, and it regularly uses derivative financial instruments to manage these risks. At the inception of a new derivative, the Company designates the derivative as a hedge, or it determines the derivative to be undesignated as a hedging instrument. The Company documents the relationships between the hedging instruments and the hedged items, as well as its risk management objectives and strategy for undertaking various hedge transactions. The Company assesses whether the derivatives that are used in hedging transactions are highly effective in offsetting changes in cash flows of the hedged item at both the inception of the hedge and on an ongoing basis. The Company records all derivatives as of the end of its reporting period in the consolidated statements of financial position at fair value. For the forward contracts held as undesignated hedging instruments, the Company records the changes in fair value in the consolidated statements of income (loss) along with the change in the fair value, related to foreign exchange movements, of the hedged item. Changes in the fair value of forward contracts designated as cash flow hedging instruments are recognized in other comprehensive income until the hedged item is recognized in earnings.
Fair Value Measurements	Fair Value Measurements For financial assets and liabilities measured at fair value on a recurring basis, fair value is the price the Company would receive to sell an asset or pay to transfer a liability in an orderly transaction with a market participant at the measurement date. In the absence of active markets for the identical assets or liabilities, such measurements involve developing assumptions based on market observable data and, in the absence of such data, internal information that is consistent with what market participants would use in a hypothetical transaction that occurs at the measurement date. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect our market assumptions. Preference is given to observable inputs and the Company maintains policies and procedures to identify, monitor and assess the reasonableness of these inputs to the valuation. These two types of inputs create the following fair value hierarchy: • Level 1 - Quoted prices for identical instruments in active markets. • Level 2 - Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable. • Level 3 - Significant inputs to the valuation model are unobservable. Recurring Fair Value Measurements Derivatives When the Company has Level 1 derivatives, which are traded either on exchanges or liquid markets, the Company uses closing prices for valuation. The majority of the Company's derivatives are valued using internal models and are included in Level 2. These internal models maximize the use of market observable inputs including interest rate curves and both forward and spot prices for currencies and commodities. Derivative assets and liabilities included in Level 2 primarily represent foreign currency and commodity forward contracts for the Company. Investments in Debt and Equity Securities When available, the Company uses quoted market prices to determine the fair value of investment securities, and they are included in Level 1. Level 1 securities primarily include publicly traded equity securities. For investment securities for which market prices are observable for identical or similar investment securities but not readily accessible for each of those investments individually (that is, it is difficult to obtain pricing information for each individual investment security at the measurement date), the Company uses pricing models and observable inputs that are consistent with what other market participants would use and these are included in Level 2. The inputs and assumptions to the models are derived from market observable sources, including: benchmark yields, reported trades, broker/dealer quotes, issuer spreads, benchmark securities, bids, offers, and other market-related data. When the Company uses valuations that are based on significant unobservable inputs, it classifies the investment securities in Level 3. Non-Recurring Fair Value Measurements Certain assets are measured at fair value on a non-recurring basis and are subject to fair value adjustments only in certain circumstances. These assets can include long-lived assets that have been reduced to fair value when they are held for sale, equity securities without readily determinable fair value, equity method investments and long-lived assets that are written down to fair value when they are impaired, and the remeasurement of retained investments in formerly consolidated subsidiaries upon a change in control that results in a deconsolidation of a subsidiary, if the Company sells a controlling interest and retains a noncontrolling stake in the entity.
Investments in Equity Securities	Investments in Equity Securities Investments in equity securities (in which the Company does not have a controlling financial interest or significant influence, most often because it holds a voting interest of 0% to 20%) with readily determinable fair values are measured at fair value with changes recognized in earnings and reported in "Other non-operating income (loss), net" in the consolidated statements of income (loss). Equity securities that do not have readily determinable fair values are recorded at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for identical or similar equity securities of the same issuer. These changes are recorded in "Other non-operating income (loss), net" in the consolidated statements of income (loss). Equity method investments are equity holdings in entities in which the Company does not have a controlling financial interest, but over which it has significant influence, most often because it holds a voting interest of 20% to 50%. At December 31, 2024 and 2023, the aggregate carrying amount of the Company's equity method investments was $1,080 million and $979 million, respectively. The results of the Company's equity method investments are presented in the consolidated statements of income (loss) as follows: (i) if the investment is integral to the Company's operations, their results are included in "Selling, general and administrative," and (ii) if the investment is not integral to the Company's operations, their results are included in "Other non-operating income (loss), net." Investments in, and advances to, equity method investments are presented on a one-line basis in "All other assets" in the consolidated statements of financial position.
Income Taxes	Income Taxes The Company files U.S. federal and state income tax returns which primarily includes its distributive share of items of income, gain, loss, and deduction of Baker Hughes Holdings LLC ("BHH LLC"), its primary operating company and a wholly owned subsidiary of the Company since December 2022, which was treated as a partnership for U.S. tax purposes until December 30, 2023. Effective December 30, 2023, the Company and various subsidiaries completed a reorganization that resulted in BHH LLC no longer being treated as a partnership for U.S. tax purposes. As a partnership, BHH LLC was not subject to U.S. federal income tax under current U.S. tax laws. However, as of December 31, 2023, BHH LLC is included and taxed as part of the Company's consolidated U.S. tax return. Non-U.S. current and deferred income taxes owed by the subsidiaries of BHH LLC are reflected in the Company's financial statements. The Company accounts for taxes under the asset and liability method. Under this method, deferred income taxes are recognized for temporary differences between the financial statement and the tax base of assets and liabilities based on enacted tax rates expected to be in effect when taxes are actually paid or recovered, as well as for net operating losses and tax credit carryforwards. The effect of a change in tax laws or rates on deferred tax assets and liabilities is recognized in income in the period in which such change is enacted. Future tax benefits are recognized to the extent that realization of such benefits is more likely than not, and a valuation allowance is established for any portion of a deferred tax asset that management believes is not more likely than not to be realized. Significant judgment is required in determining the Company's tax expense and in evaluating its tax positions, including evaluating uncertainties. The Company's tax filings are subject to audit by the tax authorities in the jurisdictions where it conducts business. These audits may result in assessments of additional taxes that are resolved with the tax authorities or through the courts. The Company has provided for the amounts that it believes will ultimately result from these proceedings. The Company recognizes uncertain tax positions that are "more likely than not" to be sustained if the relevant tax authority were to audit the position with full knowledge of all the relevant facts and other information. For those tax positions that meet this threshold, the Company measures the amount of tax benefit based on the largest amount of tax benefit that has a greater than 50% chance of being realized in a final settlement with the relevant authority. The Company classifies interest and penalties associated with uncertain tax positions as income tax expense. The effects of tax adjustments and settlements from taxing authorities are presented in the financial statements in the period they are finalized.
Supply Chain Finance Programs and New Accounting Standards To Be Adopted	Supply Chain Finance Programs Under the supply chain finance ("SCF") programs, administered by a third party, the Company's suppliers are given the opportunity to sell receivables from the Company to participating financial institutions at their sole discretion at a rate that leverages the Company's credit rating and thus might be more beneficial to the Company's suppliers. The Company's responsibility is limited to making payment on the terms originally negotiated with the Company's supplier, regardless of whether the supplier sells its receivable to a financial institution. The range of payment terms the Company negotiates with its suppliers is consistent, irrespective of whether a supplier participates in the program. As of December 31, 2024 and 2023, $411 million and $332 million of SCF program liabilities are recorded in " Accounts payable NEW ACCOUNTING STANDARDS ADOPTED The Company has adopted ASU 2023-07, "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures" ("ASU 2023-07"), effective retrospectively for the fiscal year ended December 31, 2024. ASU 2023-07 enhances the disclosures required for operating segments in the Company's annual and interim consolidated financial statements. As a result of this adoption, the Company's segment disclosure now includes significant expense categories. The Company's primary segment measure remains unchanged. See "Note 17. Segment Information" for the enhanced disclosures associated with the adoption of ASU 2023-07. NEW ACCOUNTING STANDARDS TO BE ADOPTED In November 2024, the FASB issued ASU 2024-03, "Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures" ("ASU 2024-03"), which enhances the disclosures required for certain expense captions in the Company's annual and interim consolidated financial statements. ASU 2024-03 is effective prospectively or retrospectively for fiscal years beginning after December 15, 2026 and for interim periods beginning after December 15, 2027. Early adoption is permitted. The Company is currently evaluating the impact of this standard on its disclosures. In December 2023, the FASB issued ASU 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures" ("ASU 2023-09"), which is intended to enhance the transparency and decision usefulness of income tax disclosures. The amendments in ASU 2023-09 provide for enhanced income tax information primarily through changes to the rate reconciliation and income taxes paid information. ASU 2023-09, which allows for early adoption, is effective for the Company prospectively to all annual periods beginning after December 15, 2024. The Company continues to evaluate the impact of this standard on its disclosures. All other new accounting pronouncements that have been issued, but not yet effective are currently being evaluated and at this time are not expected to have a material impact on the Company's financial position or results of operations.
Lessee, Leases	Leases The Company enters into various contractual arrangements for the right to use facilities and equipment. At contract inception, manag ement evaluates whether each of these arrangements contains a lease and classifies all identified leases as either operating or finance. If the arrangement is subsequently modified, the classification is re-evaluated. Upon commencement of the lease, management recognizes a lease liability and corresponding right-of-use ("ROU") asset. Lease assets are tested for impairment in the same manner as other long-lived assets.

CURRENT RECEIVABLES (Tables)

CURRENT RECEIVABLES (Tables)	12 Months Ended
	Dec. 31, 2024
Receivables [Abstract]
Schedule of Current Receivables	Current receivables consist of the following at December 31: 2024 2023 Customer receivables $ 5,945 $ 6,033 Other 1,409 1,392 Total current receivables 7,354 7,425 Less: Allowance for credit losses (232) (350) Total current receivables, net $ 7,122 $ 7,075 The following table presents the change in allowance for credit losses: 2024 2023 Balance at beginning of year $ 350 $ 341 Provision 77 79 Write-offs (153) (26) Prior year recoveries (35) (31) Other (7) (13) Balance at end of year $ 232 $ 350

INVENTORIES (Tables)

INVENTORIES (Tables)	12 Months Ended
	Dec. 31, 2024
Inventory, Net [Abstract]
Schedule of Inventories, Net of Reserves	Inventories, net of reserves of $390 million and $389 million in 2024 and 2023, respectively, consist of the following at December 31: 2024 2023 Finished goods $ 2,494 $ 2,626 Work in process and raw materials 2,460 2,468 Total inventories, net $ 4,954 $ 5,094

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2024
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment	Property, plant and equipment consist of the following at December 31: Useful Life 2024 2023 Land and improvements 8 - 10 years (1) $ 297 $ 332 Buildings, structures and related equipment 5 - 40 years 2,347 2,264 Machinery, equipment and other 1 - 20 years 8,539 7,974 Total cost 11,183 10,570 Less: Accumulated depreciation (6,056) (5,678) Property, plant and equipment, less accumulated depreciation $ 5,127 $ 4,893 (1) Useful life excludes land.

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The changes in the carrying value of goodwill are detailed below by segment: Oilfield Services & Equipment Industrial & Energy Technology Total Balance at December 31, 2022, gross $ 19,708 $ 4,752 $ 24,460 Accumulated impairment at December 31, 2022 (18,276) (254) (18,530) Balance at December 31, 2022 1,432 4,498 5,930 Acquisitions 95 43 138 Currency exchange and other 14 55 69 Balance at December 31, 2023 1,541 4,596 6,137 Currency exchange and other 6 (65) (59) Balance at December 31, 2024 $ 1,547 $ 4,531 $ 6,078
Schedule of Finite-lived Intangible Assets	Intangible assets consist of the following at December 31: 2024 2023 Gross Accumulated Net Gross Accumulated Net Customer relationships $ 1,921 $ (883) $ 1,038 $ 1,945 $ (818) $ 1,127 Technology 1,248 (981) 267 1,253 (899) 354 Trade names and trademarks 290 (196) 94 290 (186) 104 Capitalized software 1,522 (1,172) 350 1,413 (1,107) 306 Finite-lived intangible assets 4,981 (3,232) 1,749 4,901 (3,010) 1,891 Indefinite-lived intangible assets 2,202 — 2,202 2,202 — 2,202 Total intangible assets $ 7,183 $ (3,232) $ 3,951 $ 7,103 $ (3,010) $ 4,093
Schedule of Indefinite-lived Intangible Assets	Intangible assets consist of the following at December 31: 2024 2023 Gross Accumulated Net Gross Accumulated Net Customer relationships $ 1,921 $ (883) $ 1,038 $ 1,945 $ (818) $ 1,127 Technology 1,248 (981) 267 1,253 (899) 354 Trade names and trademarks 290 (196) 94 290 (186) 104 Capitalized software 1,522 (1,172) 350 1,413 (1,107) 306 Finite-lived intangible assets 4,981 (3,232) 1,749 4,901 (3,010) 1,891 Indefinite-lived intangible assets 2,202 — 2,202 2,202 — 2,202 Total intangible assets $ 7,183 $ (3,232) $ 3,951 $ 7,103 $ (3,010) $ 4,093
Schedule of Estimated Amortization Expense	Estimated amortization expense for each of the subsequent five fiscal years is expected to be as follows: Year Estimated Amortization Expense 2025 $ 235 2026 192 2027 171 2028 148 2029 122

CONTRACT AND OTHER DEFERRED A_2

CONTRACT AND OTHER DEFERRED ASSETS (Tables)	12 Months Ended
	Dec. 31, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Contract Assets	Contract assets consist of the following at December 31: 2024 2023 Long-term product service agreements $ 346 $ 418 Long-term equipment contracts and certain other service agreements 1,247 1,184 Contract assets (total revenue in excess of billings) 1,593 1,602 Deferred inventory costs 124 126 Other costs to fulfill or obtain a contract 13 28 Contract and other deferred assets $ 1,730 $ 1,756 2024 2023 Progress collections $ 5,550 $ 5,405 Deferred income 122 137 Progress collections and deferred income (contract liabilities) $ 5,672 $ 5,542

PROGRESS COLLECTIONS AND DEFE_2

PROGRESS COLLECTIONS AND DEFERRED INCOME (Tables)	12 Months Ended
	Dec. 31, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Contract Liabilities	Contract assets consist of the following at December 31: 2024 2023 Long-term product service agreements $ 346 $ 418 Long-term equipment contracts and certain other service agreements 1,247 1,184 Contract assets (total revenue in excess of billings) 1,593 1,602 Deferred inventory costs 124 126 Other costs to fulfill or obtain a contract 13 28 Contract and other deferred assets $ 1,730 $ 1,756 2024 2023 Progress collections $ 5,550 $ 5,405 Deferred income 122 137 Progress collections and deferred income (contract liabilities) $ 5,672 $ 5,542

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2024
Leases [Abstract]
Schedule of Operating Lease Expense	The following table presents operating lease expense: Operating Lease Expense 2024 2023 2022 Long-term fixed lease $ 292 $ 276 $ 254 Long-term variable lease 76 73 48 Short-term lease 511 503 477 Total operating lease expense $ 879 $ 852 $ 779
Schedule of Maturities of Operating Leases Liabilities	As of December 31, 2024, maturities of operating lease liabilities are as follows: Year Operating Leases 2025 $ 221 2026 147 2027 99 2028 72 2029 54 Thereafter 210 Total lease payments 803 Less: imputed interest 130 Total $ 673
Schedule of Liabilities	Amounts recognized in the consolidated statements of financial position for operating leases consist of the following: 2024 2023 All other current liabilities $ 198 $ 220 All other liabilities 475 549 Total $ 673 $ 769

DEBT (Tables)

DEBT (Tables)	12 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
Schedule of Carrying Value of Short-term and Long-term Debt	The carrying value of the Company's short-term and long-term debt consists of the following at December 31: 2024 2023 Amount Effective Interest Rate (1) Amount Effective Interest Rate (1) Short-term and current portion of long-term debt 8.55% Debentures due June 2024 (2) $ — — % $ 109 4.1 % Other debt 53 4.6 % 39 4.9 % Total short-term and current portion of long-term debt 53 148 Long-term debt 2.061% Senior Notes due December 2026 599 2.4 % 598 2.4 % 3.337% Senior Notes due December 2027 1,302 5.4 % 1,294 5.3 % 6.875% Notes due January 2029 (2) 262 3.9 % 268 3.9 % 3.138% Senior Notes due November 2029 523 3.2 % 523 3.2 % 4.486% Senior Notes due May 2030 498 4.6 % 498 4.6 % 5.125% Senior Notes due September 2040 (2) 1,275 4.2 % 1,281 4.2 % 4.080% Senior Notes due December 2047 1,338 4.1 % 1,338 4.1 % Other long-term debt 173 4.2 % 73 6.3 % Total long-term debt 5,970 5,872 Total debt $ 6,023 $ 6,020 (1) Effective interest rate is based on the carrying value including issuance costs, interest rate swaps, and step-up adjustments from the Baker Hughes Incorporated ("BHI") acquisition recorded for certain Senior Notes and Debentures. (2) Represents long-term fixed rate debt obligations assumed in connection with the acquisition of BHI.
Schedule of Maturities of Debt	Maturities of debt for each of the five years in the period ending December 31, 2029, and in the aggregate thereafter, are listed in the table below: 2025 2026 2027 2028 2029 Thereafter Total debt $ 53 $ 607 $ 1,310 $ — $ 885 $ 3,169

EMPLOYEE BENEFIT PLANS (Tables)

EMPLOYEE BENEFIT PLANS (Tables)	12 Months Ended
	Dec. 31, 2024
Retirement Benefits [Abstract]
Schedule of Defined Benefit Plan Funded Status of Defined Benefit Plan (Pension Benefits)	Below is the reconciliation of the beginning and ending balances of benefit obligations, fair value of plan assets, and the funded status of the Company's defined benefit plans ("Pension Benefits"). Pension Benefits 2024 2023 Change in benefit obligation: Benefit obligation at beginning of year $ 2,443 $ 2,634 Service cost 16 15 Interest cost 107 116 Actuarial gain (1) (148) (4) Benefits paid (92) (126) Settlements (227) (4) Settlement due to plan termination (2) — (246) Foreign currency translation adjustments (15) 58 Benefit obligation at end of year 2,084 2,443 Change in plan assets: Fair value of plan assets at beginning of year 2,080 2,266 Actual return on plan assets (73) 121 Employer contributions 66 18 Benefits paid (92) (126) Settlements (227) (4) Settlement due to plan termination (2) — (246) Other (39) — Foreign currency translation adjustments (7) 51 Fair value of plan assets at end of year 1,708 2,080 Funded status - underfunded at end of year $ (376) $ (363) Accumulated benefit obligation $ 2,039 $ 2,399 (1) The actuarial gain in 2024 was primarily related to a change in the discount rate used to measure the benefit obligation for the Company's plans. (2) Plan termination relates to the termination of one of the Company's fully funded frozen U.S. defined benefit plans that was initiated in April 2022.
Schedule of Amounts Recognized in the Consolidated Balance Sheets	The amounts recognized in the consolidated statements of financial position consist of the following at December 31: Pension Benefits 2024 2023 Noncurrent assets $ 43 $ 78 Current liabilities (28) (17) Noncurrent liabilities (391) (424) Net amount recognized $ (376) $ (363)
Schedule of Accumulated Benefit Obligations in Excess of Plan Assets	Information for the plans with ABOs and PBOs in excess of plan assets consist of the following at December 31: Pension Benefits 2024 2023 Projected benefit obligation $ 1,180 $ 1,410 Accumulated benefit obligation $ 1,135 $ 1,366 Fair value of plan assets $ 761 $ 968
Schedule of Projected Benefit Obligation in Excess of Plan Assets	Information for the plans with ABOs and PBOs in excess of plan assets consist of the following at December 31: Pension Benefits 2024 2023 Projected benefit obligation $ 1,180 $ 1,410 Accumulated benefit obligation $ 1,135 $ 1,366 Fair value of plan assets $ 761 $ 968
Schedule of Net Period Cost	The components of net periodic cost consist of the following: Pension Benefits 2024 2023 2022 Service cost $ 16 $ 15 $ 23 Interest cost 107 116 78 Expected return on plan assets (118) (102) (114) Amortization of prior service credit 1 1 1 Amortization of net actuarial loss 18 19 27 Curtailment / settlement loss 20 (16) 2 Net periodic cost $ 44 $ 33 $ 17
Schedule of Weighted Average Assumptions Used to Determine Benefit Obligations	Weighted average assumptions used to determine benefit obligations for these plans are as follows: Pension Benefits 2024 2023 Discount rate 5.22 % 4.54 % Rate of compensation increase 3.31 % 3.26 % Interest crediting rate 4.46 % 3.98 %
Schedule of Weighted Average Assumptions Used to Determine Net Periodic Cost	Weighted average assumptions used to determine net periodic cost for these plans are as follows: Pension Benefits 2024 2023 2022 Discount rate 4.54 % 4.89 % 2.15 % Expected long-term return on plan assets 5.97 % 5.05 % 3.85 % Interest crediting rate 3.98 % 4.31 % 2.60 %
Schedule of Accumulated Other Comprehensive Loss	The amount recorded before-tax in accumulated other comprehensive loss related to the Company's defined benefit plans consists of the following at December 31: Pension Benefits 2024 2023 Net actuarial loss $ 338 $ 333 Net prior service cost 14 15 Total $ 352 $ 348
Schedule of Fair Values of the Assets in U.S. Plan	The table below presents the fair value of the plan assets at December 31: 2024 2023 Debt securities Fixed income and cash investment funds $ 1,253 $ 1,122 Equity securities Global equity securities (1) 73 227 U.S. equity securities (1) 107 157 Insurance contracts 92 103 Real estate 3 34 Private equities 45 35 Other investments (2) 135 402 Total plan assets $ 1,708 $ 2,080 (1) Include direct investments and investment funds. (2) Consists primarily of asset allocation fund investments.
Schedule of Expected Future Benefit Payments	The following table presents the expected benefit payments for Pension Benefits over the next 10 years. For funded Company sponsored plans, the benefit payments are made by the respective pension trust funds. Year Pension Benefits 2025 $ 249 2026 120 2027 121 2028 123 2029 128 2030-2034 636

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
Schedule of Provision for Income Taxes	The provision for income taxes consists of the following: 2024 2023 2022 Current: U.S. $ 39 $ 33 $ 6 Foreign 889 711 489 Total current 928 744 495 Deferred: U.S. (556) (27) 40 Foreign (115) (32) 65 Total deferred (671) (59) 105 Provision for income taxes $ 257 $ 685 $ 600
Schedule of Geographic Sources of Income (Loss) Before Income Taxes	The geographic sources of income before income taxes consist of the following: 2024 2023 2022 U.S. $ 1,099 $ 882 $ (698) Foreign 2,166 1,773 720 Income before income taxes $ 3,265 $ 2,655 $ 22
Schedule of Difference Between Provision and U.S. Statutory Tax Rate	The provision for income taxes differs from the amount computed by applying the U.S. statutory income tax rate to the income before income taxes for the reasons set forth below for the years ended December 31: 2024 2023 2022 Income before income taxes $ 3,265 $ 2,655 $ 22 Taxes at the U.S. federal statutory income tax rate 686 558 5 Effect of foreign operations (2) 269 112 338 Tax impact of partnership structure (40) (103) 6 Change in valuation allowances (1) (625) 53 164 Tax expense (benefit) due to unrecognized tax benefits 38 (5) (7) Other - net (71) 70 94 Provision for income taxes $ 257 $ 685 $ 600 Actual income tax rate 7.9 % 25.8 % 2,727.3 % (1) For December 31, 2024 and 2023, this amount was reduced by $664 million and $81 million, respectively, that is related to the release of a valuation allowance for certain deferred tax assets. (2) For December 31, 2022, $140 million of this amount relates to the charges associated with the sale and suspension of the Company's Russia operations.
Schedule of Deferred Tax Assets and Liabilities	The tax effects of differences that give rise to significant portions of the deferred income tax assets and deferred income tax liabilities as of December 31 consist of the following: 2024 2023 Deferred tax assets: Operating & capital loss carryforwards $ 3,442 $ 3,332 Tax credit & other carryforwards 772 936 Investment in partnerships & subsidiaries 276 286 Property, plant and equipment 250 168 Employee benefits 278 241 Goodwill and other intangible assets 198 137 Receivables 150 111 Inventory 150 73 Other 376 352 Total deferred income tax asset 5,892 5,636 Valuation allowances (3,908) (4,416) Total deferred income tax asset after valuation allowance 1,984 1,220 Deferred tax liabilities: Indefinite-lived intangible assets (377) (380) Fair value of derivative financial instruments (166) (90) Other (240) (204) Total deferred income tax liability (783) (674) Net deferred tax asset $ 1,201 $ 546
Schedule of Unrecognized Tax Benefits Roll Forward	The following table presents the changes in the Company's gross unrecognized tax benefits included in the consolidated statements of financial position. Asset / (Liability) 2024 2023 Balance at beginning of year $ (467) $ (496) Additions for tax positions of the current year (17) (15) Additions for tax positions of prior years (51) (50) Reductions for tax positions of prior years 28 32 Settlements with tax authorities 24 26 Lapse of statute of limitations 28 36 Balance at end of year $ (455) $ (467)
Summary of Valuation Allowance	The following table presents the change in the valuation allowances during the year: 2024 2023 Balance at the beginning of the year $ 4,416 $ 4,090 Release in the U.S., net of current year non-U.S. activity (625) 53 Other 117 273 Balance at end of year $ 3,908 $ 4,416

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Changes of RSUs Outstanding and Related Information	The following table presents the changes in RSUs outstanding and related information (in thousands, except per unit prices): Number of Weighted Average Unvested balance at December 31, 2023 12,113 $ 27.70 Granted 6,724 28.78 Vested (6,175) 26.15 Forfeited (1,168) 29.21 Unvested balance at December 31, 2024 11,494 $ 29.02
Schedule of Changes of PSUs Outstanding and Related Information	The following table presents the changes in PSUs outstanding and related information (in thousands, except per unit prices): Number of Weighted Average Unvested balance at December 31, 2023 2,828 $ 28.70 Granted 869 29.73 Vested (984) 34.09 Forfeited (171) 31.26 Unvested balance at December 31, 2024 2,542 $ 31.17
Schedule of Changes in Stock Options Outstanding	The following table presents the changes in stock options outstanding and related information (in thousands, except per option prices): Number of Weighted Average Outstanding at December 31, 2023 2,241 $ 33.92 Exercised (391) 33.21 Expired (425) 41.10 Outstanding and exercisable at December 31, 2024 1,425 $ 31.99

EQUITY (Tables)

EQUITY (Tables)	12 Months Ended
	Dec. 31, 2024
Equity [Abstract]
Schedule of Changes in Number of Shares Outstanding	The following table presents the changes in the number of shares outstanding (in thousands): Class A Common Stock 2024 2023 Balance at beginning of year 997,709 1,005,960 Issue of shares upon vesting of restricted stock units (1) 4,975 5,738 Issue of shares on exercise of stock options (1) 389 434 Issue of shares for employee stock purchase plan 1,814 1,846 Repurchase and cancellation of Class A common stock (15,241) (16,269) Balance at end of year 989,646 997,709 (1) Share amounts reflected above are net of shares withheld to satisfy the employee's tax withholding obligation.
Schedule of Accumulated Other Comprehensive Loss	The following tables present the changes in accumulated other comprehensive loss, net of tax: Foreign Currency Translation Adjustments Cash Flow Hedges Benefit Plans Accumulated Other Comprehensive Loss Balance at December 31, 2022 $ (2,666) $ (9) $ (296) $ (2,971) Other comprehensive income (loss) before reclassifications 153 12 (14) 151 Amounts reclassified from accumulated other comprehensive loss — (8) 28 20 Deferred taxes — (1) 5 4 Other comprehensive income 153 3 19 175 Balance at December 31, 2023 (2,513) (6) (277) (2,796) Other comprehensive income (loss) before reclassifications (350) 9 (46) (387) Amounts reclassified from accumulated other comprehensive loss — (11) 32 21 Deferred taxes — 1 — 1 Other comprehensive income (loss) (350) (1) (14) (365) Balance at December 31, 2024 $ (2,863) $ (7) $ (291) $ (3,161)

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2024
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Net Income (Loss) per Share	Basic and diluted net income (loss) per share of Class A common stock is presented below: (In millions, except per share amounts) 2024 2023 2022 Net income (loss) $ 3,008 $ 1,970 $ (578) Less: Net income attributable to noncontrolling interests 29 27 23 Net income (loss) attributable to Baker Hughes Company $ 2,979 $ 1,943 $ (601) Weighted average shares outstanding: Class A basic 994 1,008 987 Class A diluted 1,001 1,015 987 Net income (loss) per share attributable to common stockholders: Class A basic $ 3.00 $ 1.93 $ (0.61) Class A diluted $ 2.98 $ 1.91 $ (0.61)

FINANCIAL INSTRUMENTS (Tables)

FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis	The Company's assets and liabilities measured at fair value on a recurring basis consist of derivative instruments and investment securities. 2024 2023 Level 1 Level 2 Level 3 Net Balance Level 1 Level 2 Level 3 Net Balance Assets Derivatives $ — $ 11 $ — $ 11 $ — $ 34 $ — $ 34 Investment securities 1,282 — 2 1,284 1,040 — 2 1,042 Total assets 1,282 11 2 1,295 1,040 34 2 1,076 Liabilities Derivatives — (64) — (64) — (76) — (76) Total liabilities $ — $ (64) $ — $ (64) $ — $ (76) $ — $ (76)
Schedule of Investment Securities Classified as Available for Sale	2024 2023 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Investment securities (1) Non-U.S. debt securities (2) $ 3 $ — $ — $ 3 $ 66 $ 1 $ — $ 67 Equity securities 544 737 — 1,281 527 451 (3) 975 Total $ 547 $ 737 $ — $ 1,284 $ 593 $ 452 $ (3) $ 1,042 (1) Net gains (losses) recorded to earnings related to these securities were $341 million, $405 million and $(271) million for the years ended December 31, 2024, 2023, and 2022, respectively. (2) As of December 31, 2024, the Company's non-U.S. debt securities are classified as available for sale securities and mature in approximately one year.
Schedule of Derivatives	The table below summarizes the fair value of all derivatives, including hedging instruments and embedded derivatives. 2024 2023 Assets (Liabilities) Assets (Liabilities) Derivatives accounted for as hedges Currency exchange contracts $ 2 $ (2) $ 10 $ (3) Interest rate swap contracts — (45) — (52) Derivatives not accounted for as hedges Currency exchange contracts and other 9 (17) 24 (21) Total derivatives $ 11 $ (64) $ 34 $ (76)

REVENUE RELATED TO CONTRACTS _2

REVENUE RELATED TO CONTRACTS WITH CUSTOMERS (Tables)	12 Months Ended
	Dec. 31, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregated Segment Revenue	The series of tables below present the Company's revenue disaggregated by these categories. Total Revenue 2024 2023 2022 Well Construction $ 4,145 $ 4,387 $ 3,854 Completions, Intervention, and Measurements 4,154 4,170 3,559 Production Solutions 3,860 3,854 3,587 Subsea & Surface Pressure Systems 3,470 2,950 2,230 Oilfield Services & Equipment 15,628 15,361 13,229 Gas Technology Equipment 5,693 4,232 2,599 Gas Technology Services 2,797 2,600 2,440 Total Gas Technology 8,490 6,832 5,039 Industrial Products 2,040 1,962 1,697 Industrial Solutions 1,065 983 884 Controls (1) — 41 208 Total Industrial Technology 3,105 2,987 2,789 Climate Technology Solutions 605 326 98 Industrial & Energy Technology 12,201 10,145 7,926 Total $ 27,829 $ 25,506 $ 21,156 (1) The sale of the Company's controls business was completed in April 2023.
Schedule of Revenue by Geographic Region	Oilfield Services & Equipment Geographic Revenue 2024 2023 2022 North America $ 3,955 $ 4,116 $ 3,764 Latin America 2,609 2,761 2,099 Europe/CIS/Sub-Saharan Africa 3,250 2,655 2,483 Middle East/Asia 5,814 5,829 4,883 Oilfield Services & Equipment $ 15,628 $ 15,361 $ 13,229

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2024
Segment Reporting [Abstract]
Schedule of Financial Information	Summarized financial information for the Company's segments is shown in the following tables. 2024 OFSE IET Total Revenue $ 15,628 $ 12,201 $ 27,829 Cost of goods and services sold (12,448) (8,738) (21,186) Research and development (260) (383) (643) Selling, general and administrative (932) (1,250) (2,182) Segment operating income $ 1,988 $ 1,830 $ 3,818 2023 OFSE IET Total Revenue $ 15,361 $ 10,145 $ 25,506 Cost of goods and services sold (12,282) (7,220) (19,502) Research and development (278) (373) (651) Selling, general and administrative (1,055) (1,242) (2,297) Segment operating income $ 1,746 $ 1,310 $ 3,055 2022 OFSE IET Total Revenue $ 13,229 $ 7,926 $ 21,156 Cost of goods and services sold (10,789) (5,342) (16,131) Research and development (228) (307) (535) Selling, general and administrative (1,011) (1,142) (2,153) Segment operating income $ 1,201 $ 1,135 $ 2,336 Reconciliation of segment operating income to income before income taxes: 2024 2023 2022 OFSE $ 1,988 $ 1,746 $ 1,201 IET 1,830 1,310 1,135 Total segment 3,818 3,055 2,336 Corporate costs (1) (363) (380) (416) Inventory impairment (2) (73) (35) (31) Restructuring, impairment and other (301) (323) (705) Other non-operating income (loss), net 382 554 (911) Interest expense, net (198) (216) (252) Income before income taxes $ 3,265 $ 2,655 $ 22 (1) Corporate costs of $274 million, $313 million, and $357 million are reported in "Selling, general and administrative" related to general and administrative costs not allocated to the segments in the consolidated statements of income (loss) for the years ended December 31, 2024, 2023 and 2022, respectively. Corporate costs of $89 million, $67 million, and $59 million are reported in "Cost of goods and services sold" primarily related to licensing costs not allocated to the segments in the consolidated statements of income (loss) for the years ended December 31, 2024, 2023 and 2022, respectively. (2) Charges for inventory impairments are reported in "Cost of goods sold" in the consolidated statements of income (loss).
Schedule of Assets and Segment Depreciation and Amortization	The following table presents total assets at December 31: Assets 2024 2023 OFSE $ 18,781 $ 17,925 IET 13,838 13,781 Total segment 32,619 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 amortization 2024 2023 2022 OFSE $ 893 $ 849 $ 845 IET 220 217 197 Total segment 1,113 1,066 1,042 Corporate 23 21 19 Total $ 1,136 $ 1,087 $ 1,061 The following table presents capital expenditures for the year ended December 31: Capital expenditures 2024 2023 2022 OFSE $ 954 $ 960 $ 791 IET 284 229 183 Total segment 1,238 1,189 974 Corporate 40 35 15 Total $ 1,278 $ 1,224 $ 989
Schedule of Revenues and Property, Plant and Equipment, Net	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. Revenue 2024 2023 2022 U.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 - net 2024 2023 U.S. $ 1,794 $ 1,579 Non-U.S. 3,333 3,314 Total $ 5,127 $ 4,893

RESTRUCTURING, IMPAIRMENT AND_2

RESTRUCTURING, IMPAIRMENT AND OTHER (Tables)	12 Months Ended
	Dec. 31, 2024
Restructuring and Related Activities [Abstract]
Schedule of Restructuring and Impairment Charges	The following table presents the restructuring and associated impairment charges by the impacted segment: 2024 2023 2022 Oilfield Services & Equipment $ 206 $ 148 $ 121 Industrial & Energy Technology (1) 13 98 36 Corporate 41 67 39 Total $ 260 $ 313 $ 196 (1) For the year ended December 31, 2024, $6 million of additional restructuring charges are included within segment operating income and reported in "Selling, general and administrative" in the consolidated statements of income (loss). The following table presents restructuring and associated impairment charges by type, and includes gains on the dispositions of certain property, plant and equipment as a consequence of exit activities: 2024 2023 2022 Property, plant and equipment $ 77 $ (2) $ 58 Employee-related termination expenses 153 270 121 Asset relocation costs — 5 3 Contract termination fees 2 1 1 Other incremental costs 34 39 13 Total $ 266 $ 313 $ 196

SUPPLEMENTARY INFORMATION (Tabl

SUPPLEMENTARY INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2024
Other Liabilities Disclosure [Abstract]
Schedule of Allowance for Credit Losses	Current receivables consist of the following at December 31: 2024 2023 Customer receivables $ 5,945 $ 6,033 Other 1,409 1,392 Total current receivables 7,354 7,425 Less: Allowance for credit losses (232) (350) Total current receivables, net $ 7,122 $ 7,075 The following table presents the change in allowance for credit losses: 2024 2023 Balance at beginning of year $ 350 $ 341 Provision 77 79 Write-offs (153) (26) Prior year recoveries (35) (31) Other (7) (13) Balance at end of year $ 232 $ 350
Supplier Finance Program	The following table presents the change in SCF program liabilities: 2024 Balance at beginning of year $ 332 Purchases 1,484 Payments (1,405) Balance at end of year $ 411

BASIS OF PRESENTATION AND SUM_3

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Performance obligations expected to be satisfied, expected timing	sells product services under long-term product maintenance or extended warranty agreements in the Industrial & Energy Technology ("IET") segment. These agreements require the Company to maintain the customers' assets over the service agreement contract terms, which generally range from 10 to 20 years.
Research and development expenses	$ 643	$ 651	$ 552
Equity method investment	1,080	979
SCF program liabilities	$ 411	$ 332
Supplier Finance Program, Obligation, Current, Statement of Financial Position [Extensible Enumeration]	Accounts payable	Accounts payable

CURRENT RECEIVABLES (Details)

CURRENT RECEIVABLES (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total current receivables, gross	$ 7,354	$ 7,425
Less: Allowance for credit losses	(232)	(350)
Total current receivables, net	$ 7,122	$ 7,075
UNITED STATES
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss, to Total, Percent	16%	19%
MEXICO
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss, to Total, Percent	10%	11%
Customer receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total current receivables, gross	$ 5,945	$ 6,033
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total current receivables, gross	$ 1,409	$ 1,392

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Inventory, Net [Abstract]
Inventory valuation reserves	$ 390	$ 389
Inventory, Net, Items Net of Reserve Alternative [Abstract]
Finished goods	2,494	2,626
Work in process and raw materials	2,460	2,468
Total inventories, net	4,954	5,094
Inventory Write-down	$ 73	$ 35

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Total cost	$ 11,183	$ 10,570
Less: Accumulated depreciation	(6,056)	(5,678)
Property, plant and equipment, less accumulated depreciation	5,127	4,893
Depreciation expense	870	830	$ 839
Land and improvements
Property, Plant and Equipment [Line Items]
Total cost	297	332
Buildings, structures and related equipment
Property, Plant and Equipment [Line Items]
Total cost	2,347	2,264
Machinery, equipment and other
Property, Plant and Equipment [Line Items]
Total cost	$ 8,539	$ 7,974
Minimum | Land and improvements
Property, Plant and Equipment [Line Items]
Useful Life	8 years
Minimum | Buildings, structures and related equipment
Property, Plant and Equipment [Line Items]
Useful Life	5 years
Minimum | Machinery, equipment and other
Property, Plant and Equipment [Line Items]
Useful Life	1 year
Maximum | Land and improvements
Property, Plant and Equipment [Line Items]
Useful Life	10 years
Maximum | Buildings, structures and related equipment
Property, Plant and Equipment [Line Items]
Useful Life	40 years
Maximum | Machinery, equipment and other
Property, Plant and Equipment [Line Items]
Useful Life	20 years

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS - Goodwill (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Goodwill [Line Items]
Balance at December 31, 2022, gross			$ 24,460
Accumulated impairment at December 31, 2022			(18,530)
Goodwill [Roll Forward]
Goodwill, net, beginning balance	$ 6,137	$ 5,930
Acquisitions		138
Currency exchange and other	(59)	69
Goodwill, net, ending balance	6,078	6,137
Oilfield Services & Equipment
Goodwill [Line Items]
Balance at December 31, 2022, gross			19,708
Accumulated impairment at December 31, 2022			(18,276)
Goodwill [Roll Forward]
Goodwill, net, beginning balance	1,541	1,432
Acquisitions		95
Currency exchange and other	6	14
Goodwill, net, ending balance	1,547	1,541
Industrial & Energy Technology
Goodwill [Line Items]
Balance at December 31, 2022, gross			4,752
Accumulated impairment at December 31, 2022			$ (254)
Goodwill [Roll Forward]
Goodwill, net, beginning balance	4,596	4,498
Acquisitions		43
Currency exchange and other	(65)	55
Goodwill, net, ending balance	$ 4,531	$ 4,596

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Amortization expense for intangible assets	$ 266	$ 257	$ 222
Minimum
Finite-Lived Intangible Assets [Line Items]
Estimated weighted average life (years)	1 year
Maximum
Finite-Lived Intangible Assets [Line Items]
Estimated weighted average life (years)	35 years

GOODWILL AND INTANGIBLE ASSET_4

GOODWILL AND INTANGIBLE ASSETS - Intangible Assets by Type (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets, Net [Abstract]
Gross Carrying Amount	$ 4,981	$ 4,901
Accumulated Amortization	(3,232)	(3,010)
Net	1,749	1,891
Indefinite-lived intangible assets	2,202	2,202
Total intangible assets	7,183	7,103
Total intangible assets	3,951	4,093
Customer relationships
Finite-Lived Intangible Assets, Net [Abstract]
Gross Carrying Amount	1,921	1,945
Accumulated Amortization	(883)	(818)
Net	1,038	1,127
Technology
Finite-Lived Intangible Assets, Net [Abstract]
Gross Carrying Amount	1,248	1,253
Accumulated Amortization	(981)	(899)
Net	267	354
Trade names and trademarks
Finite-Lived Intangible Assets, Net [Abstract]
Gross Carrying Amount	290	290
Accumulated Amortization	(196)	(186)
Net	94	104
Capitalized software
Finite-Lived Intangible Assets, Net [Abstract]
Gross Carrying Amount	1,522	1,413
Accumulated Amortization	(1,172)	(1,107)
Net	$ 350	$ 306

GOODWILL AND INTANGIBLE ASSET_5

GOODWILL AND INTANGIBLE ASSETS - Future Estimated Amortization Expense (Details) $ in Millions	Dec. 31, 2024 USD ($)
Estimated Amortization Expense
2025	$ 235
2026	192
2027	171
2028	148
2029	$ 122

CONTRACT AND OTHER DEFERRED A_3

CONTRACT AND OTHER DEFERRED ASSETS (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Contract assets (total revenue in excess of billings)	$ 1,593	$ 1,602
Deferred inventory costs	124	126
Other costs to fulfill or obtain a contract	13	28
Contract and other deferred assets	1,730	1,756
Revenue recognized from performance obligations satisfied in previous periods	(11)	15
Long-term product service agreements
Accounts, Notes, Loans and Financing Receivable [Line Items]
Contract assets (total revenue in excess of billings)	346	418
Long-term equipment contracts and certain other service agreements
Accounts, Notes, Loans and Financing Receivable [Line Items]
Contract assets (total revenue in excess of billings)	$ 1,247	$ 1,184

PROGRESS COLLECTIONS AND DEFE_3

PROGRESS COLLECTIONS AND DEFERRED INCOME (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Disaggregation of Revenue [Line Items]
Progress collections and deferred income (contract liabilities)	$ 5,672	$ 5,542
Revenue recognized, included in contract liability	4,398	2,999
Progress collections
Disaggregation of Revenue [Line Items]
Progress collections and deferred income (contract liabilities)	5,550	5,405
Deferred income
Disaggregation of Revenue [Line Items]
Progress collections and deferred income (contract liabilities)	$ 122	$ 137

LEASES - Operating Lease Expens

LEASES - Operating Lease Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Operating Lease Expense
Long-term fixed lease	$ 292	$ 276	$ 254
Long-term variable lease	76	73	48
Short-term lease	511	503	477
Total operating lease expense	$ 879	$ 852	$ 779

LEASES - Operating Lease Liabil

LEASES - Operating Lease Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Operating Leases
2025	$ 221
2026	147
2027	99
2028	72
2029	54
Thereafter	210
Total lease payments	803
Less: imputed interest	130
Total	$ 673	$ 769

LEASES - Lease Liabilities Stat

LEASES - Lease Liabilities Statement of Financial Position (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	All other current liabilities	All other current liabilities
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	All other liabilities	All other liabilities
All other current liabilities	$ 198	$ 220
All other liabilities	475	549
Total	$ 673	$ 769

LEASES - Narrative (Details)

LEASES - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Operating lease assets	$ 678	$ 769
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	All other assets	All other assets
Weighted-average remaining lease term	7 years	7 years
Weighted-average discount rate	4.30%	3.90%

DEBT - Schedule of Carrying Val

DEBT - Schedule of Carrying Value of Short-term and Long-term Borrowings (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Short-term borrowings
Total short-term and current portion of long-term debt	$ 53	$ 148
Effective Interest Rate	4.20%	6.30%
Long-term borrowings
Other long-term debt	$ 173	$ 73
Total long-term debt	5,970	5,872
Total debt	$ 6,023	$ 6,020
3.337% Senior Notes due December 2027
Debt Instrument [Line Items]
Stated interest rate	3.337%	3.337%
Senior Notes | 2.061% Senior Notes due December 2026
Debt Instrument [Line Items]
Stated interest rate	2.061%
Short-term borrowings
Effective Interest Rate	2.40%	2.40%
Long-term borrowings
Long-term borrowings	$ 599	$ 598
Senior Notes | 3.337% Senior Notes due December 2027
Debt Instrument [Line Items]
Stated interest rate	3.337%
Short-term borrowings
Effective Interest Rate	5.40%	5.30%
Long-term borrowings
Long-term borrowings	$ 1,302	$ 1,294
Senior Notes | 6.875% Notes due January 2029
Debt Instrument [Line Items]
Stated interest rate	6.875%
Short-term borrowings
Effective Interest Rate	3.90%	3.90%
Long-term borrowings
Long-term borrowings	$ 262	$ 268
Senior Notes | 3.138% Senior Notes due November 2029
Debt Instrument [Line Items]
Stated interest rate	3.138%
Short-term borrowings
Effective Interest Rate	3.20%	3.20%
Long-term borrowings
Long-term borrowings	$ 523	$ 523
Senior Notes | 4.486% Senior Notes due May 2030
Debt Instrument [Line Items]
Stated interest rate	4.486%
Short-term borrowings
Effective Interest Rate	4.60%	4.60%
Long-term borrowings
Long-term borrowings	$ 498	$ 498
Senior Notes | 5.125% Senior Notes due September 2040
Debt Instrument [Line Items]
Stated interest rate	5.125%
Short-term borrowings
Effective Interest Rate	4.20%	4.20%
Long-term borrowings
Long-term borrowings	$ 1,275	$ 1,281
Senior Notes | 4.080% Senior Notes due December 2047
Debt Instrument [Line Items]
Stated interest rate	4.08%
Short-term borrowings
Effective Interest Rate	4.10%	4.10%
Long-term borrowings
Long-term borrowings	$ 1,338	$ 1,338
Debentures
Short-term borrowings
Total short-term and current portion of long-term debt	$ 53	$ 39
Effective Interest Rate	4.60%	4.90%
Debentures | 8.55% Debentures due June 2024
Debt Instrument [Line Items]
Stated interest rate	8.55%
Short-term borrowings
Total short-term and current portion of long-term debt	$ 0	$ 109
Effective Interest Rate	0%	4.10%

DEBT - Narrative (Details)

DEBT - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Nov. 30, 2023
Line of Credit Facility [Line Items]
Net increase to carrying value	$ 91,000,000	$ 95,000,000
Estimated fair value of debt	$ 5,409,000,000	5,571,000,000
BHH LLC | Baker Hughes Co-Obligor, Inc.
Line of Credit Facility [Line Items]
Ownership percentage	100%
BHH LLC | Senior Notes | Baker Hughes Co-Obligor, Inc.
Line of Credit Facility [Line Items]
Long-term borrowings	$ 5,800,000,000
Revolving Credit Facility | Credit Agreement | BHH LLC
Line of Credit Facility [Line Items]
Borrowings	$ 0	$ 0
Revolving Credit Facility | Credit Agreement | BHH LLC | Unsecured
Line of Credit Facility [Line Items]
Maximum borrowing capacity			$ 3,000,000,000

DEBT - Maturities of Debt Sched

DEBT - Maturities of Debt Schedule (Details) $ in Millions	Dec. 31, 2024 USD ($)
Debt
2025	$ 53
2026	607
2027	1,310
2028	0
2029	885
Thereafter	$ 3,169

EMPLOYEE BENEFIT PLANS - Narrat

EMPLOYEE BENEFIT PLANS - Narrative (Details)	12 Months Ended
	Dec. 31, 2024 USD ($) plan	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined contribution plan, employer matching contribution per dollar	$ 1
Defined contribution plan, employer matching contribution	5%
Defined contribution plan, employers matching contribution for vesting plan	4%
Defined contribution plan, employers matching contribution for vesting, period	3 years
Defined contribution plans, cost	$ 180,000,000	$ 217,000,000
Number of non-qualified defined contribution plans | plan	2
Defined contribution plan, assets and liabilities	$ 300,000,000	281,000,000
Dresser Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Liability, Defined Benefit Pension Plan	$ 131,000,000
Pension plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Number of retirement plans | plan	1
Pension assets or obligations, threshold, per plan	$ 20,000,000
Accumulated postretirement benefit obligation	2,084,000,000	2,443,000,000	$ 2,634,000,000
Fair values of the plan assets	1,708,000,000	2,080,000,000	$ 2,266,000,000
Employer contributions	66,000,000	18,000,000
Pension plan | Minimum
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Estimated future employer contributions in next fiscal year	25,000,000
Pension plan | Maximum
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Estimated future employer contributions in next fiscal year	30,000,000
Pension plan | Fixed income and cash investment funds
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets	$ 1,253,000,000	1,122,000,000
Pension plan | Funded plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Number of retirement plans | plan	6
Pension plan | Underfunded plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Number of retirement plans | plan	5
Pension plan | Fair value measured at Net Asset Value per share
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets	$ 1,557,000,000	$ 1,967,000,000
Pension plan | Fair value measured at Net Asset Value per share | Equity securities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Percent of plan assets valued using NAV	12%	20%
Pension plan | Fair value measured at Net Asset Value per share | Fixed income and cash investment funds
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Percent of plan assets valued using NAV	80%	57%
Pension plan | Fair value measured at Net Asset Value per share | Alternative investments
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Percent of plan assets valued using NAV	8%	23%
Pension plan | Fair Value, Inputs, Level 1, 2 and 3
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets	$ 151,000,000	$ 113,000,000
Pension plan | Level 3
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets	$ 92,000,000	103,000,000
Pension plan | UNITED STATES
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Number of retirement plans | plan	3
Pension plan | Foreign
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Number of retirement plans | plan	8
Postretirement Health Care Benefits | UNITED STATES
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Accumulated postretirement benefit obligation	$ 28,000,000	33,000,000
Supplemental Pension Plan | UNITED STATES | BH SPP
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Trust assets	$ 36,000,000	$ 36,000,000

EMPLOYEE BENEFIT PLANS - Benefi

EMPLOYEE BENEFIT PLANS - Benefit Obligation and Plan Assets (Details) - Pension Benefits $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($) plan	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Change in benefit obligation:
Benefit obligation at beginning of year	$ 2,443	$ 2,634
Service cost	16	15	$ 23
Interest cost	107	116	78
Actuarial gain	(148)	(4)
Benefits paid	(92)	(126)
Settlements	(227)	(4)
Settlement due to plan termination	0	(246)
Foreign currency translation adjustments	(15)	58
Benefit obligation at end of year	2,084	2,443	2,634
Change in plan assets:
Fair value of plan assets at beginning of year	2,080	2,266
Actual return on plan assets	(73)	121
Employer contributions	66	18
Benefits paid	(92)	(126)
Settlements	(227)	(4)
Settlement due to plan termination	0	(246)
Other	(39)	0
Foreign currency translation adjustments	(7)	51
Fair value of plan assets at end of year	1,708	2,080	$ 2,266
Funded status - underfunded at end of year	(376)	(363)
Accumulated benefit obligation	$ 2,039	$ 2,399
Number of retirement plans | plan	1

EMPLOYEE BENEFIT PLANS - Amount

EMPLOYEE BENEFIT PLANS - Amounts Recognized in the Balance Sheet (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Defined Benefit Plan Disclosure
Noncurrent liabilities	$ (988)	$ (978)
Pension Benefits
Defined Benefit Plan Disclosure
Noncurrent assets	43	78
Current liabilities	(28)	(17)
Noncurrent liabilities	(391)	(424)
Net amount recognized	$ (376)	$ (363)

EMPLOYEE BENEFIT PLANS - Inform

EMPLOYEE BENEFIT PLANS - Information for Plans with ABOs and PBOs in Excess of Plan Assets (Details) - Pension Benefits - UNITED STATES - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Projected benefit obligation	$ 1,180	$ 1,410
Accumulated benefit obligation	1,135	1,366
Fair value of plan assets	761	968
Projected benefit obligation	1,180	1,410
Accumulated benefit obligation	1,135	1,366
Fair value of plan assets	$ 761	$ 968

EMPLOYEE BENEFIT PLANS - Compon

EMPLOYEE BENEFIT PLANS - Components of Net Periodic Cost (Details) - Pension Benefits - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	$ 16	$ 15	$ 23
Interest cost	107	116	78
Expected return on plan assets	(118)	(102)	(114)
Amortization of prior service credit	1	1	1
Amortization of net actuarial loss	18	19	27
Curtailment / settlement loss	20	(16)	2
Net periodic cost	$ 44	$ 33	$ 17

EMPLOYEE BENEFIT PLANS - Assump

EMPLOYEE BENEFIT PLANS - Assumptions Used for Benefit Obligation (Details) - Pension Benefits	Dec. 31, 2024	Dec. 31, 2023
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Discount rate	5.22%	4.54%
Rate of compensation increase	3.31%	3.26%
Interest crediting rate	4.46%	3.98%

EMPLOYEE BENEFIT PLANS - Assu_2

EMPLOYEE BENEFIT PLANS - Assumptions Used for Net Periodic Cost (Details) - Pension Benefits	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Discount rate	4.54%	4.89%	2.15%
Expected long-term return on plan assets	5.97%	5.05%	3.85%
Interest crediting rate	3.98%	4.31%	2.60%

EMPLOYEE BENEFIT PLANS - Reconc

EMPLOYEE BENEFIT PLANS - Reconciliation to Accumulated Other Comprehensive Loss (Details) - Pension Benefits - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net actuarial loss	$ 338	$ 333
Net prior service cost	14	15
Total	$ 352	$ 348

EMPLOYEE BENEFIT PLANS - Fair V

EMPLOYEE BENEFIT PLANS - Fair Value of the Plan Assets (Details) - Pension Benefits - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets by asset category and by levels of fair value	$ 1,708	$ 2,080	$ 2,266
Fixed income and cash investment funds
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets by asset category and by levels of fair value	1,253	1,122
Global equity securities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets by asset category and by levels of fair value	73	227
U.S. equity securities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets by asset category and by levels of fair value	107	157
Insurance contracts
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets by asset category and by levels of fair value	92	103
Real estate
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets by asset category and by levels of fair value	3	34
Private equities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets by asset category and by levels of fair value	45	35
Other investments
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets by asset category and by levels of fair value	$ 135	$ 402

EMPLOYEE BENEFIT PLANS - Future

EMPLOYEE BENEFIT PLANS - Future Expected Benefit Payments (Details) - Pension Benefits $ in Millions	Dec. 31, 2024 USD ($)
Defined Benefit Plan Disclosure
2025	$ 249
2026	120
2027	121
2028	123
2029	128
2030-2034	$ 636

INCOME TAXES - Provision or Ben

INCOME TAXES - Provision or Benefit for Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Current:
U.S.	$ 39	$ 33	$ 6
Foreign	889	711	489
Total current	928	744	495
Deferred:
U.S.	(556)	(27)	40
Foreign	(115)	(32)	65
Total deferred	(671)	(59)	105
Provision for income taxes	$ 257	$ 685	$ 600

INCOME TAXES - Geographic Sourc

INCOME TAXES - Geographic Sources of Income (Loss) before Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
U.S.	$ 1,099	$ 882	$ (698)
Foreign	2,166	1,773	720
Income before income taxes	$ 3,265	$ 2,655	$ 22

INCOME TAXES - Difference betwe

INCOME TAXES - Difference between Provision and U.S. Statutory Income Tax Rate (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Total Gross Unrecognized Tax Benefits
Income before income taxes	$ 3,265	$ 2,655	$ 22
Taxes at the U.S. federal statutory income tax rate	686	558	5
Effect of foreign operations	269	112	338
Tax impact of partnership structure	(40)	(103)	6
Change in valuation allowances	(625)	53	164
Tax expense (benefit) due to unrecognized tax benefits	38	(5)	(7)
Other - net	(71)	70	94
Provision for income taxes	$ 257	$ 685	$ 600
Actual income tax rate	7.90%	25.80%	2,727.30%
Release of a valuation allowance for certain deferred tax assets	$ 664	$ 81
Charges associated with the sale and suspension of Russia operations			$ 140

INCOME TAXES - Deferred Tax Ass

INCOME TAXES - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Deferred tax assets:
Operating & capital loss carryforwards	$ 3,442	$ 3,332
Tax credit & other carryforwards	772	936
Investment in partnerships & subsidiaries	276	286
Property, plant and equipment	250	168
Employee benefits	278	241
Goodwill and other intangible assets	198	137
Receivables	150	111
Inventory	150	73
Other	376	352
Total deferred income tax asset	5,892	5,636
Valuation allowances	3,908	4,416	$ 4,090
Release of a valuation allowance for certain deferred tax assets	(664)	(81)
Total deferred income tax asset after valuation allowance	1,984	1,220
Deferred tax liabilities:
Indefinite-lived intangible assets	(377)	(380)
Fair value of derivative financial instruments	(166)	(90)
Other	(240)	(204)
Total deferred income tax liability	(783)	(674)
Net deferred tax asset	1,201	546
Valuation Allowance [Line Items]
Release of a valuation allowance for certain deferred tax assets	(664)	(81)
Other Expense
Deferred tax assets:
Release of a valuation allowance for certain deferred tax assets	117	273
Valuation Allowance [Line Items]
Release of a valuation allowance for certain deferred tax assets	117	273
UNITED STATES
Deferred tax assets:
Release of a valuation allowance for certain deferred tax assets	(625)	53
Valuation Allowance [Line Items]
Release of a valuation allowance for certain deferred tax assets	$ (625)	$ 53

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details) $ in Millions	Dec. 31, 2024 USD ($) country	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Total Gross Unrecognized Tax Benefits
NOLs	$ 3,413
Valuation allowances	3,908	$ 4,416	$ 4,090
Cumulative amount of undistributed foreign earnings	4,659
Tax liabilities for gross unrecognized tax benefits	455	$ 467	$ 496
Interest accrued on income taxes for unrecognized tax benefits	81
Penalties accrued on income taxes for unrecognized tax benefits	66
Uncertain tax positions	602
Unrecognized tax benefits that would impact effective tax rate	534
Deferred tax asset that we did not prevail on all uncertain tax position	68
Deferred tax asset that we did not prevail on all uncertain tax position, foreign taxing jurisdiction	42
Deferred tax asset that we did not prevail on all uncertain tax position, increased valuation allowances	26
Uncertain tax positions liabilities	$ 110
Number of countries | country	120
Foreign operating and capital losses
Total Gross Unrecognized Tax Benefits
Valuation allowances	$ 3,161
U.S. foreign and non-U.S. tax credit carryforwards
Total Gross Unrecognized Tax Benefits
Valuation allowances	401
Five years
Total Gross Unrecognized Tax Benefits
Expiring operating loss carryforwards	329
Six to 20 years
Total Gross Unrecognized Tax Benefits
Expiring operating loss carryforwards	1,988
Indefinitely
Total Gross Unrecognized Tax Benefits
Capital loss carryforwards	29
Indefinite Foreign Tax
Total Gross Unrecognized Tax Benefits
Non-U.S. tax credits	404
Definite Foreign Tax
Total Gross Unrecognized Tax Benefits
Non-U.S. tax credits	230
Other Tax
Total Gross Unrecognized Tax Benefits
Other credits	$ 138

INCOME TAXES - Changes in Gross

INCOME TAXES - Changes in Gross Unrecognized Tax Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Unrecognized Tax Benefits [Roll Forward]
Balance at beginning of year	$ (467)	$ (496)
Additions for tax positions of the current year	(17)	(15)
Additions for tax positions of prior years	(51)	(50)
Reductions for tax positions of prior years	28	32
Settlements with tax authorities	24	26
Lapse of statute of limitations	28	36
Balance at end of year	$ (455)	$ (467)

STOCK-BASED COMPENSATION - Narr

STOCK-BASED COMPENSATION - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation cost	$ 202,000,000	$ 197,000,000	$ 207,000,000
Weighted average remaining contractual term for options outstanding	3 years 1 month 6 days
Weighted average remaining contractual term for options exercisable	3 years 1 month 6 days
Total intrinsic value of stock options exercised	$ 3,000,000
Total intrinsic value of stock options outstanding	13,000,000
Total intrinsic value of stock options exercisable	$ 13,000,000
Share price (in dollars per share)	$ 41.02
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award of common stock, right to receive (in shares)	1
Stock-based compensation, service period	3 years
Vested intrinsic value	$ 188,000,000
Intrinsic value, outstanding	471,000,000
Fair value options vested in period	161,000,000
Unrecognized compensation cost, unvested	$ 179,000,000
Weighted average period of recognition for unrecognized compensation cost	1 year 9 months 21 days
PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation, service period	3 years
Vested intrinsic value	$ 31,000,000
Fair value options vested in period	34,000,000
Unrecognized compensation cost, unvested	$ 38,000,000
Weighted average period of recognition for unrecognized compensation cost	1 year 8 months 19 days
Unvested intrinsic value	$ 104,000,000
Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Maximum contractual term	4 years 1 month 6 days
Employee Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee purchase, maximum per quarter	$ 3,000
Employee purchase, maximum	$ 12,000
Class A Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options vested (in shares)	4,975,000	5,738,000
Common stock authorized (in shares)	2,000,000,000	2,000,000,000
Class A Common Stock | Employee Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Discount of the fair market value	15%
Common stock authorized (in shares)	21,500,000
Common stock reserved for future issuance (in shares)	6,900,000
Class A Common Stock | Employee Stock | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
After-tax basis	1%
Class A Common Stock | Employee Stock | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
After-tax basis	20%
LTI Plan | Class A Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)	29,500,000
Number of shares available for issuance (in shares)	19,200,000

STOCK-BASED COMPENSATION - RSUs

STOCK-BASED COMPENSATION - RSUs (Details) - RSUs shares in Thousands	12 Months Ended
	Dec. 31, 2024 $ / shares shares
Number of Units
Outstanding, beginning balance (in shares) | shares	12,113
Granted (in shares) | shares	6,724
Vested (in shares) | shares	(6,175)
Forfeited (in shares) | shares	(1,168)
Outstanding, ending balance (in shares) | shares	11,494
Weighted Average Grant Date Fair Value Per Unit
Unvested, beginning balance (in dollars per share) | $ / shares	$ 27.70
Granted (in dollars per share) | $ / shares	28.78
Vested (in dollars per share) | $ / shares	26.15
Forfeited (in dollars per share) | $ / shares	29.21
Unvested, ending balance (in dollars per share) | $ / shares	$ 29.02

STOCK-BASED COMPENSATION - PSU

STOCK-BASED COMPENSATION - PSU (Details) - PSUs shares in Thousands	12 Months Ended
	Dec. 31, 2024 $ / shares shares
Number of Units
Outstanding, beginning balance (in shares) | shares	2,828
Granted (in shares) | shares	869
Vested (in shares) | shares	984
Forfeited (in shares) | shares	(171)
Outstanding, ending balance (in shares) | shares	2,542
Weighted Average Grant Date Fair Value Per Unit
Unvested, beginning balance (in dollars per share) | $ / shares	$ 28.70
Granted (in dollars per share) | $ / shares	29.73
Vested (in dollars per share) | $ / shares	34.09
Forfeited (in dollars per share) | $ / shares	31.26
Unvested, ending balance (in dollars per share) | $ / shares	$ 31.17

STOCK-BASED COMPENSATION - Chan

STOCK-BASED COMPENSATION - Changes in Stock Options Outstanding (Details) shares in Thousands	12 Months Ended
	Dec. 31, 2024 $ / shares shares
Number of Options
Outstanding, beginning balance (in shares) | shares	2,241
Exercised (in shares) | shares	(391)
Expired (in shares) | shares	(425)
Outstanding, ending balance (in shares) | shares	1,425
Exercisable, ending balance (in shares) | shares	1,425
Weighted Average Exercise Price Per Option
Outstanding, beginning (in dollars per share) | $ / shares	$ 33.92
Exercised (in dollars per share) | $ / shares	33.21
Expired (in dollars per share) | $ / shares	41.10
Outstanding, ending (in dollars per share) | $ / shares	31.99
Exercisable, ending (in dollars per share) | $ / shares	$ 31.99

EQUITY - Narrative (Details)

EQUITY - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Class of Stock [Line Items]
Preferred stock authorized (in shares)	50,000,000
Common stock par value (in dollars per share)	$ 0.0001
Stock repurchased and canceled (in shares)	15,200,000	16,300,000
Repurchase and cancellation of Class A common stock	$ 484	$ 538	$ 828
Treasury stock acquired, average cost (in dollars per share)	$ 31.78	$ 33.09
Remaining authorized repurchase amount	$ 1,700
Class A Common Stock
Class of Stock [Line Items]
Common stock authorized (in shares)	2,000,000,000	2,000,000,000
Common stock par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock outstanding (in shares)	989,646,000	997,709,000	1,005,960,000
Common stock issued (in shares)	990,000,000	998,000,000
Cash dividends per share (in dollars per share)	$ 0.84	$ 0.78	$ 0.73
Class A Common Stock | O2024A
Class of Stock [Line Items]
Cash dividends per share (in dollars per share)	$ 0.84
Class A Common Stock | O2023A
Class of Stock [Line Items]
Cash dividends per share (in dollars per share)		$ 0.78
Common Class B [Member]
Class of Stock [Line Items]
Common stock authorized (in shares)	1,250,000,000	1,250,000,000
Common stock par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock par value (in dollars per share)	$ 0.0001
Common stock outstanding (in shares)	0	0
Common stock issued (in shares)	0	0

EQUITY - Changes in Number of S

EQUITY - Changes in Number of Shares Outstanding (Details) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issue of shares on exercises of stock options (in shares)	391
Class A Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)	997,709	1,005,960
Issue of shares upon vesting of restricted stock units (in shares)	4,975	5,738
Issue of shares on exercises of stock options (in shares)	389	434
Issue of shares for employee stock purchase plan (in shares)	1,814	1,846
Repurchase and cancellation of Class A common stock (in shares)	(15,241)	(16,269)
Ending balance (in shares)	989,646	997,709

EQUITY - Accumulated Other Comp

EQUITY - Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	$ 15,519	$ 14,525	$ 16,746
Other comprehensive income (loss) before reclassifications	(387)	151
Amounts reclassified from accumulated other comprehensive loss	21	20
Deferred taxes	1	4
Other comprehensive income (loss)	(365)	175	(281)
Less: Other comprehensive loss attributable to noncontrolling interests	0	0	(3)
Ending balance	17,055	15,519	14,525
Foreign Currency Translation Adjustment, Parent
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(2,513)	(2,666)
Other comprehensive income (loss) before reclassifications	(350)
Amounts reclassified from accumulated other comprehensive loss	0
Deferred taxes	0
Other comprehensive income (loss)	(350)
Ending balance	(2,863)	(2,513)	(2,666)
Foreign Currency Translation Adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Other comprehensive income (loss) before reclassifications		153
Amounts reclassified from accumulated other comprehensive loss		0
Deferred taxes		0
Other comprehensive income (loss)		153
Cash Flow Hedges, Parent
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(6)	(9)
Other comprehensive income (loss) before reclassifications	9
Amounts reclassified from accumulated other comprehensive loss	(11)
Deferred taxes	1
Other comprehensive income (loss)	(1)
Ending balance	(7)	(6)	(9)
Cash Flow Hedges
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Other comprehensive income (loss) before reclassifications		12
Amounts reclassified from accumulated other comprehensive loss		(8)
Deferred taxes		(1)
Other comprehensive income (loss)		3
Benefit Plans, Parent
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(277)	(296)
Other comprehensive income (loss) before reclassifications	(46)
Amounts reclassified from accumulated other comprehensive loss	32
Deferred taxes	0
Other comprehensive income (loss)	(14)
Ending balance	(291)	(277)	(296)
Benefit Plans
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Other comprehensive income (loss) before reclassifications		(14)
Amounts reclassified from accumulated other comprehensive loss		28
Deferred taxes		5
Other comprehensive income (loss)		19
Accumulated Other Comprehensive Loss
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(2,796)	(2,971)	(2,385)
Other comprehensive income (loss)	(365)	175	(278)
Ending balance	$ (3,161)	$ (2,796)	$ (2,971)

EARNINGS PER SHARE - Basic and

EARNINGS PER SHARE - Basic and Diluted Net Income (Loss) per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Earnings Per Share
Net income (loss)	$ 3,008	$ 1,970	$ (578)
Less: Net income attributable to noncontrolling interests	29	27	23
Net income (loss) attributable to Baker Hughes Company	$ 2,979	$ 1,943	$ (601)
Net income (loss) per share attributable to common stockholders:
Class A basic (in dollars per share)	$ 3	$ 1.93	$ (0.61)
Class A diluted (in dollars per share)	$ 2.98	$ 1.91	$ (0.61)
Class A Common Stock
Weighted average shares outstanding:
Class A basic (in shares)	994	1,008	987
Class A diluted (in shares)	1,001	1,015	987
Net income (loss) per share attributable to common stockholders:
Class A basic (in dollars per share)	$ 3	$ 1.93	$ (0.61)
Class A diluted (in dollars per share)	$ 2.98	$ 1.91	$ (0.61)

EARNINGS PER SHARE - Narrative

EARNINGS PER SHARE - Narrative (Details) - Class A Common Stock - shares shares in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Class of Stock [Line Items]
Basic weighted average shares outstanding (in shares)	994	1,008	987
Employee Stock
Class of Stock [Line Items]
Antidilutive securities excluded from diluted EPS calculation (in shares)	1	2

FINANCIAL INSTRUMENTS - Recurri

FINANCIAL INSTRUMENTS - Recurring Fair Value Measurements (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Assets
Derivatives	$ 11	$ 34
Investment securities	1,284	1,042
Liabilities
Derivatives	(64)	(76)
Recurring
Assets
Derivatives	11	34
Investment securities	1,284	1,042
Total assets	1,295	1,076
Liabilities
Derivatives	(64)	(76)
Total liabilities	(64)	(76)
Recurring | Level 1
Assets
Derivatives	0	0
Investment securities	1,282	1,040
Total assets	1,282	1,040
Liabilities
Derivatives	0	0
Total liabilities	0	0
Recurring | Level 2
Assets
Derivatives	11	34
Investment securities	0	0
Total assets	11	34
Liabilities
Derivatives	(64)	(76)
Total liabilities	(64)	(76)
Recurring | Level 3
Assets
Derivatives	0	0
Investment securities	2	2
Total assets	2	2
Liabilities
Derivatives	0	0
Total liabilities	$ 0	$ 0

FINANCIAL INSTRUMENTS - Investm

FINANCIAL INSTRUMENTS - Investment Securities (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Debt Securities, Available-for-sale [Line Items]
Equity securities, amortized cost	$ 544	$ 527
Equity securities, gross unrealized gain	737	451
Equity securities, gross unrealized losses	0	(3)
Equity securities, estimated fair value	1,281	975
Total, amortized cost	547	593
Total , gross unrealized gains	737	452
Total , gross unrealized losses	0	(3)
Total, estimated fair value	1,284	1,042
Gains (losses) recorded to earnings	341	405	$ (271)
Non-U.S. debt securities
Debt Securities, Available-for-sale [Line Items]
Debt securities, amortized cost	3	66
Debt securities, gross unrealized gains	0	1
Debt securities, gross unrealized losses	0	0
Debt securities, estimated fair value	$ 3	$ 67
Available for sale securities maturity	1 year

FINANCIAL INSTRUMENTS - Narrati

FINANCIAL INSTRUMENTS - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Equity securities, estimated fair value	$ 1,281,000,000	$ 975,000,000
Gains (losses) recorded to earnings for our equity securities	366,000,000	435,000,000	$ (264,000,000)
Equity securities, unrealized gain		118,000,000
Current derivative asset	$ 9,000,000	$ 31,000,000
Derivative Asset, Current, Statement of Financial Position [Extensible Enumeration]	All other current assets	All other current assets
Noncurrent derivative asset	$ 3,000,000	$ 3,000,000
Derivative Asset, Noncurrent, Statement of Financial Position [Extensible Enumeration]	All other assets	All other assets
Current derivative liability	$ 16,000,000	$ 23,000,000
Derivative Liability, Current, Statement of Financial Position [Extensible Enumeration]	All other current liabilities	All other current liabilities
Noncurrent derivative liability	$ 50,000,000	$ 53,000,000
Derivative Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	All other liabilities	All other liabilities
Notional amount	$ 4,000,000,000	$ 4,200,000,000
3.337% Senior Notes due December 2027
Derivative Instruments, Gain (Loss) [Line Items]
Stated interest rate	3.337%	3.337%
3.337% Senior Notes due December 2027 | Senior Notes
Derivative Instruments, Gain (Loss) [Line Items]
Aggregate principal amount	$ 1,350,000,000	$ 1,350,000,000
Stated interest rate	3.337%
Interest rate swap contracts
Derivative Instruments, Gain (Loss) [Line Items]
Notional amount	$ 500,000,000	$ 500,000,000
Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, term	1 year	2 years

FINANCIAL INSTRUMENTS - Derivat

FINANCIAL INSTRUMENTS - Derivatives and Hedging (Details) - USD ($)	Dec. 31, 2024	Dec. 31, 2023
Derivatives, Fair Value [Line Items]
Assets	$ 11,000,000	$ 34,000,000
(Liabilities)	$ (64,000,000)	$ (76,000,000)
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	All other current assets, All other assets	All other current assets, All other assets
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	All other current liabilities, All other liabilities	All other current liabilities, All other liabilities
Notional amount	$ 4,000,000,000	$ 4,200,000,000
Currency exchange contracts and other | Derivatives accounted for as hedges
Derivatives, Fair Value [Line Items]
Assets	2,000,000	10,000,000
(Liabilities)	(2,000,000)	(3,000,000)
Currency exchange contracts and other | Derivatives not accounted for as hedges
Derivatives, Fair Value [Line Items]
Assets	9,000,000	24,000,000
(Liabilities)	(17,000,000)	(21,000,000)
Interest rate swap contracts
Derivatives, Fair Value [Line Items]
Notional amount	500,000,000	500,000,000
Interest rate swap contracts | Derivatives accounted for as hedges
Derivatives, Fair Value [Line Items]
Assets	0	0
(Liabilities)	(45,000,000)	$ (52,000,000)
Credit Default Swap
Derivatives, Fair Value [Line Items]
(Liabilities)	(553,000,000)
Notional amount	$ 412,000,000

REVENUE RELATED TO CONTRACTS _3

REVENUE RELATED TO CONTRACTS WITH CUSTOMERS - Narrative (Details) $ in Billions	Dec. 31, 2024 USD ($)
Revenue from Contract with Customer [Abstract]
Performance obligations expected to be satisfied	$ 33.1
Within 2 years | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
Disaggregation of Revenue [Line Items]
Performance obligations expected to be satisfied, percentage	60%
Performance obligations expected to be satisfied, expected timing	2 years
Within 5 years | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
Disaggregation of Revenue [Line Items]
Performance obligations expected to be satisfied, percentage	74%
Performance obligations expected to be satisfied, expected timing	5 years
Within 15 years | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
Disaggregation of Revenue [Line Items]
Performance obligations expected to be satisfied, percentage	91%
Performance obligations expected to be satisfied, expected timing	15 years

REVENUE RELATED TO CONTRACTS _4

REVENUE RELATED TO CONTRACTS WITH CUSTOMERS - Schedule of Disaggregated Segment Revenue (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Revenues	$ 27,829	$ 25,506	$ 21,156
Oilfield Services & Equipment
Disaggregation of Revenue [Line Items]
Revenues	15,628	15,361	13,229
Oilfield Services & Equipment | North America
Disaggregation of Revenue [Line Items]
Revenues	3,955	4,116	3,764
Oilfield Services & Equipment | Latin America
Disaggregation of Revenue [Line Items]
Revenues	2,609	2,761	2,099
Oilfield Services & Equipment | Europe/CIS/Sub-Saharan Africa
Disaggregation of Revenue [Line Items]
Revenues	3,250	2,655	2,483
Oilfield Services & Equipment | Middle East/Asia
Disaggregation of Revenue [Line Items]
Revenues	5,814	5,829	4,883
Oilfield Services & Equipment | Well Construction
Disaggregation of Revenue [Line Items]
Revenues	4,145	4,387	3,854
Oilfield Services & Equipment | Completions, Intervention, and Measurements
Disaggregation of Revenue [Line Items]
Revenues	4,154	4,170	3,559
Oilfield Services & Equipment | Production Solutions
Disaggregation of Revenue [Line Items]
Revenues	3,860	3,854	3,587
Oilfield Services & Equipment | Subsea & Surface Pressure Systems
Disaggregation of Revenue [Line Items]
Revenues	3,470	2,950	2,230
Industrial & Energy Technology
Disaggregation of Revenue [Line Items]
Revenues	12,201	10,145	7,926
Industrial & Energy Technology | Gas Technology Equipment
Disaggregation of Revenue [Line Items]
Revenues	5,693	4,232	2,599
Industrial & Energy Technology | Gas Technology Services
Disaggregation of Revenue [Line Items]
Revenues	2,797	2,600	2,440
Industrial & Energy Technology | Total Gas Technology
Disaggregation of Revenue [Line Items]
Revenues	8,490	6,832	5,039
Industrial & Energy Technology | Industrial Products
Disaggregation of Revenue [Line Items]
Revenues	2,040	1,962	1,697
Industrial & Energy Technology | Industrial Solutions
Disaggregation of Revenue [Line Items]
Revenues	1,065	983	884
Industrial & Energy Technology | Controls
Disaggregation of Revenue [Line Items]
Revenues	0	41	208
Industrial & Energy Technology | Climate Technology Solutions
Disaggregation of Revenue [Line Items]
Revenues	605	326	98
Industrial & Energy Technology | Climate Technology Solutions
Disaggregation of Revenue [Line Items]
Revenues	$ 3,105	$ 2,987	$ 2,789

SEGMENT INFORMATION - Narrative

SEGMENT INFORMATION - Narrative (Details)	12 Months Ended
	Dec. 31, 2024 product_line segment	Dec. 31, 2022 segment
Segment Reporting Information
Number of operating segments | segment	2	2
Oilfield Services & Equipment
Segment Reporting Information
Number of product line	4
Industrial & Energy Technology
Segment Reporting Information
Number of product line	5

SEGMENT INFORMATION - Operating

SEGMENT INFORMATION - Operating Profit (Loss) by Segment (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting Information
Revenues	$ 27,829	$ 25,506	$ 21,156
Research and development expenses	643	651	552
Selling, general and administrative	2,458	2,611	2,510
Operating Income (Loss)	3,081	2,317	1,185
Reconciliation of segment operating income to income before income taxes:
Income before income taxes	3,265	2,655	22
Inventory impairment	(73)	(35)
Restructuring, impairment and other	(301)	(323)	(705)
Other non-operating income (loss), net	382	554	(911)
Interest expense, net	(198)	(216)	(252)
Corporate
Segment Reporting Information
Cost	89	67	59
Selling, general and administrative	274	313	357
Operating segments
Reconciliation of segment operating income to income before income taxes:
Income before income taxes	3,818	3,055	2,336
Corporate
Reconciliation of segment operating income to income before income taxes:
Income before income taxes	(363)	(380)	(416)
Segment reconciling items
Reconciliation of segment operating income to income before income taxes:
Inventory impairment	(73)	(35)	(31)
Restructuring, impairment and other	(301)	(323)	(705)
Other non-operating income (loss), net	382	554	(911)
Interest expense, net	(198)	(216)	(252)
Oilfield Services & Equipment
Segment Reporting Information
Revenues	15,628	15,361	13,229
Oilfield Services & Equipment | Operating segments
Segment Reporting Information
Revenues	15,628	15,361	13,229
Cost	(12,448)	(12,282)	(10,789)
Research and development expenses	(260)	(278)	(228)
Selling, general and administrative	(932)	(1,055)	(1,011)
Operating Income (Loss)	1,988	1,746	1,201
Reconciliation of segment operating income to income before income taxes:
Income before income taxes	1,988	1,746	1,201
Industrial & Energy Technology
Segment Reporting Information
Revenues	12,201	10,145	7,926
Industrial & Energy Technology | Operating segments
Segment Reporting Information
Revenues	12,201	10,145	7,926
Cost	(8,738)	(7,220)	(5,342)
Research and development expenses	(383)	(373)	(307)
Selling, general and administrative	(1,250)	(1,242)	(1,142)
Operating Income (Loss)	1,830	1,310	1,135
Reconciliation of segment operating income to income before income taxes:
Income before income taxes	1,830	1,310	1,135
Oilfield Services & Equipment and Industrial & Energy Technology | Operating segments
Segment Reporting Information
Revenues	27,829	25,506	21,156
Cost	(21,186)	(19,502)	(16,131)
Research and development expenses	(643)	(651)	(535)
Selling, general and administrative	(2,182)	(2,297)	(2,153)
Operating Income (Loss)	$ 3,818	$ 3,055	$ 2,336

SEGMENT INFORMATION - Assets by

SEGMENT INFORMATION - Assets by Segment (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	$ 38,363	$ 36,945
Depreciation and amortization	1,136	1,087	$ 1,061
Capital expenditures	1,278	1,224	989
Operating segments
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	32,619	31,706
Depreciation and amortization	1,113	1,066	1,042
Capital expenditures	1,238	1,189	974
Operating segments | Oilfield Services & Equipment
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	18,781	17,925
Depreciation and amortization	893	849	845
Capital expenditures	954	960	791
Operating segments | Industrial & Energy Technology
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	13,838	13,781
Depreciation and amortization	220	217	197
Capital expenditures	284	229	183
Corporate costs (1)
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	5,744	5,239
Depreciation and amortization	23	21	19
Capital expenditures	$ 40	$ 35	$ 15

SEGMENT INFORMATION - Revenue b

SEGMENT INFORMATION - Revenue based on the Location of Product and Services and Net Property, Plant and Equipment by Geographic Location (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Revenue from geographic segments
Revenue	$ 27,829	$ 25,506	$ 21,156
Property, plant and equipment - net	5,127	4,893
U.S.
Revenue from geographic segments
Revenue	7,383	6,557	4,942
Property, plant and equipment - net	1,794	1,579
Non-U.S.
Revenue from geographic segments
Revenue	20,446	18,949	$ 16,214
Property, plant and equipment - net	$ 3,333	$ 3,314

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2019
Related Party Transaction [Line Items]
Accounts payable		$ 4,542	$ 4,471
JV aero-derivative gas turbine products and services
Related Party Transaction [Line Items]
Related party purchases		698	517	$ 528
Accounts payable		$ 117	$ 71
JV aero-derivative gas turbine products and services | Aeroderivative Joint venture
Related Party Transaction [Line Items]
Ownership percentage by noncontrolling owners					50%
Affiliated Entity | Purchases, GE and its affiliates
Related Party Transaction [Line Items]
Related party purchases	$ 293
Affiliated Entity | Sales of products and services, GE and its affiliates
Related Party Transaction [Line Items]
Related party sold	$ 83
GE | JV aero-derivative gas turbine products and services | Aeroderivative Joint venture
Related Party Transaction [Line Items]
Ownership percentage by noncontrolling owners					50%
GE | Affiliated Entity | Baker Hughes Company
Related Party Transaction [Line Items]
Ownership percentage by noncontrolling owners	5%

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Millions	May 29, 2020	Mar. 03, 2020	Mar. 15, 2019	Dec. 31, 2024	Dec. 31, 2023
Loss Contingencies [Line Items]
Environmental loss contingencies				$ 1
Total, off-balance sheet liability				5,600
Purchase obligations, within next twelve months				1,855
Purchase obligations, year two				308
Purchase obligations, year three				240
Purchase obligations, year four				95
Purchase obligations, year five				7
Purchase obligations, thereafter				$ 29
Environmental Loss Contingency, Statement of Financial Position [Extensible Enumeration]				All other liabilities
Environmental Remediation
Loss Contingencies [Line Items]
Environmental loss contingencies				$ 54	$ 58
Environmental Loss Contingency, Statement of Financial Position [Extensible Enumeration]					All other liabilities
Pending litigation | IEC | Lost profits and various costs
Loss Contingencies [Line Items]
Damages sought	$ 235	$ 244.9	$ 591
Pending litigation | IEC | Loss of cash flow
Loss Contingencies [Line Items]
Damages sought		700
Pending litigation | IEC | Liquidated damages
Loss Contingencies [Line Items]
Damages sought		4.8
Pending litigation | IEC | Take-or-pay future obligations
Loss Contingencies [Line Items]
Damages sought		$ 58.6
Pending litigation | IEC | Legal fees
Loss Contingencies [Line Items]
Damages sought	$ 14.2

RESTRUCTURING, IMPAIRMENT AND_3

RESTRUCTURING, IMPAIRMENT AND OTHER - Narrative (Details) $ in Millions	3 Months Ended	12 Months Ended
	Jun. 30, 2022 USD ($)	Dec. 31, 2024 USD ($) segment	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($) segment
Restructuring Cost and Reserve [Line Items]
Restructuring charges		$ 260	$ 313	$ 196
Inventory Write-down		$ 73	35
Number of operating segments | segment		2		2
Other charges		$ 41	10	$ 509
Restructuring and Related Cost, Incurred Cost		6
Restructuring, impairment and other		$ 301	$ 323	$ 705
Restructuring Charges, Statement of Income or Comprehensive Income [Extensible Enumeration]		Restructuring, impairment and other	Restructuring, impairment and other	Restructuring, impairment and other
Restructuring, Settlement and Impairment Provisions		$ 301	$ 323	$ 705
Sale | Oilfield Services and Equipment Russia business
Restructuring Cost and Reserve [Line Items]
Other impairment charges	$ 334
Sale | Industrial & Energy Technology
Restructuring Cost and Reserve [Line Items]
Inventory Write-down	$ 31
Oilfield Services & Equipment
Restructuring Cost and Reserve [Line Items]
Other charges				84
Industrial & Energy Technology
Restructuring Cost and Reserve [Line Items]
Other charges				$ 68

RESTRUCTURING, IMPAIRMENT AND_4

RESTRUCTURING, IMPAIRMENT AND OTHER - Schedule of Restructuring and Impairment Charges (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	$ 260	$ 313	$ 196
Property, plant and equipment
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	77	(2)	58
Employee-related termination expenses
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	153	270	121
Asset relocation costs
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	0	5	3
Contract termination fees
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	2	1	1
Other incremental costs
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	34	39	13
Selling, General and Administrative Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	266
Operating segments | Oilfield Services & Equipment
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	206	148	121
Operating segments | Industrial & Energy Technology
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	13	98	36
Corporate
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	$ 41	$ 67	$ 39

BUSINESS DISPOSITIONS AND ACQ_2

BUSINESS DISPOSITIONS AND ACQUISITIONS - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Business Acquisition [Line Items]
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal, Statement of Income or Comprehensive Income [Extensible Enumeration]	Operating Income (Loss)
Proceeds from business dispositions	$ 0	$ 293	$ 0
(Gain) loss on business dispositions	0	(40)	451
Goodwill	$ 6,078	6,137	5,930
Several acquisitions
Business Acquisition [Line Items]
Total purchase consideration			767
Goodwill			458
Intangible assets			211
Cash acquired from acquisition			$ 50
Several Acquisitions Including Altus Intervention
Business Acquisition [Line Items]
Total purchase consideration		301
Goodwill		138
Intangible assets		58
Sale | Businesses Including Nexus Controls
Business Acquisition [Line Items]
Proceeds from business dispositions		$ 293

SUPPLEMENTARY INFORMATION - Nar

SUPPLEMENTARY INFORMATION - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Other Liabilities Disclosure [Abstract]
Employee-related liabilities	$ 1,237	$ 1,346

SUPPLEMENTARY INFORMATION - All

SUPPLEMENTARY INFORMATION - Allowance for Credit Losses (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Allowance for doubtful accounts
Balance at beginning of year	$ 350	$ 341
Provision	77	79
Write-offs	(153)	(26)
Prior year recoveries	(35)	(31)
Other	(7)	(13)
Balance at end of year	$ 232	$ 350

SUPPLEMENTARY INFORMATION (Deta

SUPPLEMENTARY INFORMATION (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Guarantees and Product Warranties [Abstract]
SCF program liabilities	$ 411	$ 332
Supplier Finance Program, Obligation, Addition	1,484
Supplier Finance Program, Obligation, Period Increase (Decrease)	$ (1,405)