XML 41 R26.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Segment Information | 12 Months Ended
--- | ---
Dec. 31, 2021
Segment Reporting [Abstract] |
Segment Information | SEGMENT INFORMATION Our reportable segments, which are the same as our operating segments, are organized based on the nature of markets and customers. We report our operating results through our four operating segments that consist of similar products and services within each segment. Our operating results are reviewed regularly by the chief operating decision maker, who is our Chief Executive Officer, in deciding how to allocate resources and assess performance. These products and services operate across upstream oil and gas and broader energy and industrial markets. OILFIELD SERVICES Oilfield Services provides discrete products and services, as well as integrated well services for onshore and offshore operations across the lifecycle of a well, ranging from drilling, evaluation, completion, production and intervention. Products and services include drilling services, including directional drilling, measurement while drilling & logging while drilling, diamond and tri-cone drill bits, drilling and completions fluids, wireline services, downhole completion tools and systems, wellbore intervention tools and services, pressure pumping, oilfield and industrial chemicals and artificial lift technologies, including electrical submersible pumps and surface pumping systems. OILFIELD EQUIPMENT Oilfield Equipment provides a broad portfolio of products and services required to facilitate the safe and reliable control and flow of hydrocarbons from the wellhead to the production facilities. The Oilfield Equipment portfolio has solutions for the subsea, offshore surface, and onshore operating environments. Products and services include subsea and surface wellheads, pressure control and production systems and services, flexible pipe systems for offshore and onshore applications, and life-of-field solutions including well intervention and decommissioning solutions, covering the entire life cycle of a field. TURBOMACHINERY & PROCESS SOLUTIONS Turbomachinery & Process Solutions provides technology solutions and services for mechanical-drive, compression and power-generation applications across the energy industry, including oil and gas, liquefied natural gas ("LNG") operations, downstream refining and petrochemical segments, as well as lower carbon solutions to broader energy and industrial sectors. The Turbomachinery & Process Solutions portfolio includes drivers (aero-derivative gas turbines, heavy-duty gas turbines and synchronous and induction electric motors), compressors (centrifugal and axial, direct drive high speed, integrated, subsea compressors, turbo expanders and reciprocating), turnkey solutions (industrial modules and waste heat recovery), pumps, valves, and compressed natural gas ("CNG") and small-scale LNG solutions. DIGITAL SOLUTIONS Digital Solutions provides equipment, software, and services for a wide range of industries, including oil and gas, power generation, aerospace, metals, and transportation. The offerings include a number of products and solutions that provide industrial asset management capabilities, including sensor-based process measurement, machine health and condition monitoring, asset strategy and management, control systems, as well as non-destructive testing and inspection, and pipeline integrity solutions. SEGMENT RESULTS Segment revenue and profit are determined based on the internal performance measures used by the Company to assess the performance of each segment in a financial period. Summarized financial information is shown in the following tables. Consistent accounting policies have been applied by all segments within the Company, for all reporting periods.
Segment revenue | 2021 | 2020 | 2019
Oilfield Services | $ | 9,542 |  | $ | 10,140 |  | $ | 12,889 |
Oilfield Equipment | 2,486 |  | 2,844 |  | 2,921 |
Turbomachinery & Process Solutions | 6,417 |  | 5,705 |  | 5,536 |
Digital Solutions | 2,057 |  | 2,015 |  | 2,492 |
Total | $ | 20,502 |  | $ | 20,705 |  | $ | 23,838 |
The performance of our 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), corporate expenses, restructuring, impairment and other charges, inventory impairments, separation related costs, goodwill impairment and certain gains and losses not allocated to the operating segments.
Segment income (loss) before income taxes | 2021 | 2020 | 2019
Oilfield Services | $ | 761 |  | $ | 487 |  | $ | 917 |
Oilfield Equipment | 69 |  | 19 |  | 55 |
Turbomachinery & Process Solutions | 1,050 |  | 805 |  | 719 |
Digital Solutions | 126 |  | 193 |  | 343 |
Total segment | 2,006 |  | 1,504 |  | 2,035 |
Corporate | (429) |  | (464) |  | (433) |
Inventory impairment (1) | — |  | (246) |  | — |
Goodwill impairment | — |  | (14,773) |  | — |
Restructuring, impairment and other | (209) |  | (1,866) |  | (342) |
Separation related | (60) |  | (134) |  | (184) |
Other non-operating income (loss), net | (583) |  | 1,040 |  | (84) |
Interest expense, net | (299) |  | (264) |  | (237) |
Income (loss) before income taxes | $ | 428 |  | $ | (15,202) |  | $ | 753 |
(1)Charges for inventory impairments are predominantly reported in the "Cost of goods sold" caption of the consolidated statements of income (loss). The following table presents total assets by segment at December 31:
Segment assets | 2021 | 2020
Oilfield Services | $ | 15,454 |  | $ | 15,482 |
Oilfield Equipment | 2,616 |  | 3,344 |
Turbomachinery & Process Solutions | 7,692 |  | 8,951 |
Digital Solutions | 3,897 |  | 3,948 |
Total segment | 29,659 |  | 31,725 |
Corporate and eliminations (1) | 5,649 |  | 6,282 |
Total | $ | 35,308 |  | $ | 38,007 |
(1)The assets in Corporate and eliminations consist primarily of cash, the Baker Hughes trade name, our investment in C3 AI, certain facilities, and certain other noncurrent assets. It also includes adjustments to eliminate intercompany investments and receivables reflected within the total assets of each of our reportable segments. The following table presents depreciation and amortization by segment:
Segment depreciation and amortization | 2021 | 2020 | 2019
Oilfield Services | $ | 771 |  | $ | 926 |  | $ | 985 |
Oilfield Equipment | 103 |  | 146 |  | 175 |
Turbomachinery & Process Solutions | 120 |  | 118 |  | 116 |
Digital Solutions | 88 |  | 98 |  | 103 |
Total Segment | 1,082 |  | 1,288 |  | 1,379 |
Corporate | 23 |  | 29 |  | 39 |
Total | $ | 1,105 |  | $ | 1,317 |  | $ | 1,418 |
The following table presents capital expenditures by segment:
Segment capital expenditures | 2021 | 2020 | 2019
Oilfield Services | $ | 590 |  | $ | 669 |  | $ | 926 |
Oilfield Equipment | 69 |  | 74 |  | 120 |
Turbomachinery & Process Solutions | 126 |  | 137 |  | 118 |
Digital Solutions | 56 |  | 59 |  | 56 |
Total Segment | 841 |  | 939 |  | 1,220 |
Corporate | 15 |  | 35 |  | 20 |
Total | $ | 856 |  | $ | 974 |  | $ | 1,240 |
The following table presents net property, plant and equipment by its geographic location at December 31:
Property, plant and equipment - net | 2021 | 2020 | 2019
U.S. | $ | 1,651 |  | $ | 2,007 |  | $ | 2,594 |
Non-U.S. | 3,226 |  | 3,351 |  | 3,646 |
Total | $ | 4,877 |  | $ | 5,358 |  | $ | 6,240 |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration