v3.22.4
Borrowings (Tables)
 12 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
Schedule of Short-term and Long-term Borrowings
The carrying value of our short-term and long-term borrowings are comprised of the following at December 31:
20222021
Amount
Effective Interest
Rate (1)
Amount
Effective Interest
Rate (1)
Short-term borrowings
1.231% Senior Notes due December 2023
$649 1.5 %$— — 
Other borrowings29 2.9 %40 4.5 %
Total short-term borrowings677 40 
Long-term borrowings  
1.231% Senior Notes due December 2023
— — %647 1.5 %
8.55% Debentures due June 2024 (2)
114 4.1 %118 4.1 %
2.061% Senior Notes due December 2026
597 2.4 %597 2.2 %
3.337% Senior Notes due December 2027
1,277 3.8 %1,335 3.2 %
6.875% Notes due January 2029 (2)
273 3.9 %279 4.0 %
3.138% Senior Notes due November 2029
523 3.2 %522 3.2 %
4.486% Senior Notes due May 2030
497 4.6 %497 4.6 %
5.125% Senior Notes due September 2040 (2)
1,286 4.2 %1,292 4.2 %
4.080% Senior Notes due December 2047
1,338 4.1 %1,337 4.1 %
Other long-term borrowings75 4.2 %63 2.9 %
Total long-term borrowings5,980 6,687 
Total borrowings$6,658 $6,727 
(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, 2027, and in the aggregate thereafter, are listed in the table below:
20232024202520262027Thereafter
Total debt
$677 $150 $14 $611 $1,280 $3,926