v3.23.3
EQUITY (Tables)
 9 Months Ended
Sep. 30, 2023
Equity [Abstract]  
Schedule of Changes in Number of Shares Outstanding
The following table presents the changes in the number of Units outstanding (in thousands):
Units Held
by Baker Hughes
Units Held
by General Electric
Company
2023202220232022
Balance at January 11,005,960 909,142 — 116,548 
Issue of Units to Baker Hughes under equity incentive plan
7,467 9,069 — — 
Exchange of Units (1)
— 109,548 — (109,548)
Repurchase and cancellation of Units
(6,956)(25,532)— — 
Balance at September 301,006,471 1,002,227 — 7,000 
(1)When shares of Baker Hughes' Class B common stock, together with associated Units, are exchanged for shares of Baker Hughes' Class A common stock, such shares of Class B common stock are canceled.
Schedule of Accumulated Other Comprehensive Loss, Net of Tax
The following tables present the changes in accumulated other comprehensive loss, net of tax:
Investment SecuritiesForeign Currency Translation AdjustmentsCash Flow HedgesBenefit PlansAccumulated Other Comprehensive Loss
Balance at December 31, 2022$— $(2,665)$(10)$(296)$(2,971)
Other comprehensive income (loss) before reclassifications1 46 (7)(6)34 
Amounts reclassified from accumulated other comprehensive loss— — — 25 25 
Deferred taxes— — 4 1 5 
Other comprehensive income (loss)1 46 (3)20 64 
Balance at September 30, 2023$1 $(2,619)$(13)$(276)$(2,907)
Foreign Currency Translation AdjustmentsCash Flow HedgesBenefit PlansAccumulated Other Comprehensive Loss
Balance at December 31, 2021$(2,398)$(12)$(281)$(2,691)
Other comprehensive income before reclassifications
(509)(2)(1)(512)
Amounts reclassified from accumulated other comprehensive loss35 3 19 57 
Deferred taxes— — (13)(13)
Other comprehensive income (loss)(474)1 5 (468)
Less: Other comprehensive loss attributable to noncontrolling interests(2)— — (2)
Less: Other adjustments— — 1 1 
Balance at September 30, 2022$(2,870)$(11)$(277)$(3,158)