v3.22.4

Segment Information (Tables)

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Schedule of Financial Information

Segment revenue			2022			2021			2020
Oilfield Services & Equipment			$	13,229		$	12,028		$	12,984
Industrial & Energy Technology			7,926			8,473			7,721
Total			$	21,156		$	20,502		$	20,705

Segment income (loss) before income taxes			2022			2021			2020
Oilfield Services & Equipment			$	1,201		$	830		$	506
Industrial & Energy Technology			1,135			1,177			998
Total segment			2,336			2,006			1,504
Corporate			(416)			(429)			(464)
Inventory impairment (1)			(31)			—			(246)
Goodwill impairment			—			—			(14,717)
Restructuring, impairment and other			(682)			(209)			(1,866)
Separation related			(23)			(60)			(134)
Other non-operating income (loss), net			(881)			(583)			1,040
Interest expense, net			(252)			(299)			(264)
Income (loss) before income taxes			$	52		$	428		$	(15,146)

(1)Inventory impairments are reported in the "Cost of goods sold" caption of the consolidated statements of income (loss).

Schedule of Assets and Segment Depreciation and Amortization

The following table presents total assets by segment at December 31:

Segment assets			2022			2021
Oilfield Services & Equipment			$	16,943		$	17,711
Industrial & Energy Technology			12,286			11,480
Total segment			29,229			29,191
Corporate and eliminations (1)			4,943			6,095
Total			$	34,172		$	35,286

(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			2022			2021			2020
Oilfield Services & Equipment			$	845		$	874		$	1,072
Industrial & Energy Technology			197			208			216
Total Segment			1,042			1,082			1,288
Corporate			19			23			29
Total			$	1,061		$	1,105		$	1,317

The following table presents capital expenditures by segment:

Segment capital expenditures			2022			2021			2020
Oilfield Services & Equipment			$	791		$	659		$	743
Industrial & Energy Technology			183			182			196
Total Segment			974			841			939
Corporate			15			15			35
Total			$	989		$	856		$	974

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 our consolidated revenue during the periods presented.

Revenue			2022			2021			2020
U.S.			$	4,942		$	4,497		$	4,638
Non-U.S.			16,214			16,005			16,067
Total			$	21,156		$	20,502		$	20,705

The following table presents net property, plant and equipment by its geographic location at December 31:

Property, plant and equipment - net			2022			2021
U.S.			$	1,554		$	1,651
Non-U.S.			2,984			3,226
Total			$	4,538		$	4,877

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