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Pay vs Performance Disclosure
Unit_pure in Millions
 12 Months Ended
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure [Table]      
Pay vs Performance [Table Text Block]  
Pay versus Performance
In this section, we are including the required disclosure for pay versus performance as defined by the Securities and Exchange Commission for our principal executive officer (“PEO”) and
Non-PEO
NEOs and Company performance for the fiscal years listed below.
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
Value of Initial Fixed
$100 Investment
Based On:
 (3)
 
  
 
 
  
 
 
Year
 (1)
  
Summary
Compensation
Table Total
PEO
 
  
Compensation
Actually Paid to
PEO
 (2)
 
  
Average Summary
Compensation
Table Total for Non-

PEO NEOs
 
  
Average
Compensation
Actually Paid to
Non-PEO NEOs
 (2)
 
  
Baker
Hughes
TSR
 
  
OSX Index
TSR
 
  
Net
Income
(Loss)
$MM
 
  
Adjusted
EBITDA
 (4)

$MM
 
2022
    $ 16,091,588      $ 14,511,432      $ 6,533,381      $ 5,987,467      $ 127      $ 107      $ (601 )     $ 2,981  
                 
2021
    $ 15,646,452      $ 21,790,884      $ 5,751,387      $ 7,226,540      $ 101      $ 67      $ (219 )     $ 2,681  
                 
2020
    $ 15,313,021      $ 8,230,793      $ 4,815,026      $ 2,079,824      $ 85      $ 57      $ (9,940 )     $ 2,357  
 
(1)
For fiscal years 2022, 2021 and 2020, Mr. Simonelli was the Principal Executive Officer (PEO) for the Company.
 
(2)
Compensation Actually Paid
(“CAP”)
 is the Summary Compensation Table
(“SCT”)
 total value for the period shown with adjustments for equity awards and pension (as described in more detail in the reconciliation table for our PEO and
non-PEOs
below). CAP reflects equity awards based on the
mark-to-market
valuation under ASC Topic 718: Compensation — Stock Compensation for each period in the above table. Pension values for CAP reflect the pension service cost as used in the financial statements for each period shown in the above table.
 
(3)
The Company calculates TSR with a base investment of $100 in a manner consistent with the stock performance graph disclosure requirements under Item 201(e) of Regulation
S-K
is cumulative for the measurement periods beginning on December 31, 2019 and ending on December 31 of each 2022, 2021 and 2020, respectively. The peer group used for comparison for each of the fiscal years 2022, 2021 and 2020 is the Philadelphia Oil Service (“OSX”) Index.
 
(4)
We determined Adjusted EBITDA to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEO and
Non-PEO
NEOs in 2022. Adjusted EBITDA is a key measure in our Short Term Incentive Plan and influences payouts across our compensation programs. Adjusted EBITDA is a
non-GAAP
measure. A reconciliation of GAAP to
non-GAAP
measures is included in the Proxy Statement in Annex A.
The CEO Summary Compensation Table to CAP reconciliation is summarized in the following table:
 
Year
 
SCT
Total for
CEO
 
 
Minus SCT
Change in
Pension
Value for
CEO
 
 
Plus
Pension
Value
Service
Cost 
(1)
 
 
Minus SCT
Equity for
CEO
 
 
Plus
EOY* Fair
Value of
Equity
Awards
Granted
During
Fiscal Year
that are
Outstanding
and
Unvested at
EOY
 
 
Plus (Minus)
Change
from BOY* to
EOY in Fair
Value of
Awards
Granted in
Any Prior
Fiscal Year
that are
Outstanding
and
Unvested at
EOY
 
 
Plus Fair
Value at
Vesting
Date of
Awards
Granted
and Vested
During the
Fiscal Year
 
 
Plus
(Minus)
Change in
Fair Value
from BOY
to Vesting
Date of
Awards
Granted in
Any Prior
Fiscal Year
that Vested
During the
Fiscal Year
 
 
Minus Fair
Value at
BOY of
Awards
Granted in
Prior Year
that were
Forfeited
During the
Fiscal Year
 
 
CEO CAP
 
2022
     16,091,588       —       —       12,056,262       11,277,242       149,308       —       (950,444 )      —       14,511,432  
                     
2021
     15,646,452       —       —       10,856,292       13,182,502       2,328,558       —       1,489,664       —       21,790,884  
                     
2020
     15,313,021       2,119,972       —       9,807,294       9,831,986       (2,258,812 )      —       (2,728,136 )      —       8,230,793  
*“EOY” = End of Year, “BOY” = Beginning of Year
The Average Other NEOs Summary Compensation Table to CAP reconciliation is summarized in the following table:
 
Year
 
SCT
Total for
Average
Other NEOs
 
 
Minus SCT
Change in
Pension
Value for
Average
Other NEOs
 
 
Plus
Pension
Value
Service
Cost
(1)
 
 
Minus SCT
Equity for
Average
Other NEOs
 
 
Plus
EOY Fair
Value of
Equity
Awards
Granted
During
Fiscal Year
that are
Outstanding
and
Unvested at
EOY
 
 
Plus (Minus)
Change
from BOY to
EOY in Fair
Value of
Awards
Granted in
Any Prior
Fiscal Year
that are
Outstanding
and
Unvested at
EOY
 
 
Plus Fair
Value at
Vesting
Date of
Awards
Granted
and Vested
During the
Fiscal Year
 
 
Plus
(Minus)
Change in
Fair Value
from BOY
to Vesting
Date of
Awards
Granted in
Any Prior
Fiscal Year
that Vested
During the
Fiscal Year
 
 
Minus Fair
Value at
BOY of
Awards
Granted in
Prior Year
that were
Forfeited
During the
Fiscal Year
 
 
Average
Other NEOs
CAP
 
2022
 (2)
     6,533,381       —       —       4,542,718       4,004,019       104,392       —       (111,607 )      —       5,987,467  
                     
2021
 (3)
     5,751,387       —       —       2,678,371       3,247,540       540,265       —       365,719       —       7,226,540  
                     
2020
 (4)
     4,815,026       289,148       —       2,348,778       1,629,713       (474,998 )      —       (735,786 )      (516,205 )      2,079,824  
 
(1)
There is no addition for Prior Service Cost on the basis the Baker Hughes Supplementary Pension Plan, the Baker Hughes Company Pension Plan and the Baker Hughes UK Pension Plan are currently frozen.
 
(2)
The average CAP for 2022 comprised of compensation for Mr. Worrell, Ms. Buese, Ms. Borras, Mr. Christie
,
and Mr. Saunders.
 
(3)
The average CAP for 2021 comprised of compensation for Mr. Worrell, Ms. Borras, Mr. Christie
,
and Mr. Saunders.
 
(4)
The average CAP for 2020 comprised of compensation for Mr. Worrell, Ms. Borras, Mr. Christie, Mr. Ukpong, Mr. Mathieson
,
and Mr. Marsh.
   
Company Selected Measure Name Adjusted EBITDA    
Named Executive Officers, Footnote [Text Block]
 
(2)
The average CAP for 2022 comprised of compensation for Mr. Worrell, Ms. Buese, Ms. Borras, Mr. Christie
,
and Mr. Saunders.
 
(3)
The average CAP for 2021 comprised of compensation for Mr. Worrell, Ms. Borras, Mr. Christie
,
and Mr. Saunders.
 
(4)
The average CAP for 2020 comprised of compensation for Mr. Worrell, Ms. Borras, Mr. Christie, Mr. Ukpong, Mr. Mathieson
,
and Mr. Marsh.
   
Peer Group Issuers, Footnote [Text Block] The peer group used for comparison for each of the fiscal years 2022, 2021 and 2020 is the Philadelphia Oil Service (“OSX”) Index.    
PEO Total Compensation Amount $ 16,091,588 $ 15,646,452 $ 15,313,021
PEO Actually Paid Compensation Amount $ 14,511,432 21,790,884 8,230,793
Adjustment To PEO Compensation, Footnote [Text Block]
The CEO Summary Compensation Table to CAP reconciliation is summarized in the following table:
 
Year
 
SCT
Total for
CEO
 
 
Minus SCT
Change in
Pension
Value for
CEO
 
 
Plus
Pension
Value
Service
Cost 
(1)
 
 
Minus SCT
Equity for
CEO
 
 
Plus
EOY* Fair
Value of
Equity
Awards
Granted
During
Fiscal Year
that are
Outstanding
and
Unvested at
EOY
 
 
Plus (Minus)
Change
from BOY* to
EOY in Fair
Value of
Awards
Granted in
Any Prior
Fiscal Year
that are
Outstanding
and
Unvested at
EOY
 
 
Plus Fair
Value at
Vesting
Date of
Awards
Granted
and Vested
During the
Fiscal Year
 
 
Plus
(Minus)
Change in
Fair Value
from BOY
to Vesting
Date of
Awards
Granted in
Any Prior
Fiscal Year
that Vested
During the
Fiscal Year
 
 
Minus Fair
Value at
BOY of
Awards
Granted in
Prior Year
that were
Forfeited
During the
Fiscal Year
 
 
CEO CAP
 
2022
     16,091,588       —       —       12,056,262       11,277,242       149,308       —       (950,444 )      —       14,511,432  
                     
2021
     15,646,452       —       —       10,856,292       13,182,502       2,328,558       —       1,489,664       —       21,790,884  
                     
2020
     15,313,021       2,119,972       —       9,807,294       9,831,986       (2,258,812 )      —       (2,728,136 )      —       8,230,793  
    
Non-PEO NEO Average Total Compensation Amount $ 6,533,381 5,751,387 4,815,026
Non-PEO NEO Average Compensation Actually Paid Amount $ 5,987,467 7,226,540 2,079,824
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]
The Average Other NEOs Summary Compensation Table to CAP reconciliation is summarized in the following table:
 
Year
 
SCT
Total for
Average
Other NEOs
 
 
Minus SCT
Change in
Pension
Value for
Average
Other NEOs
 
 
Plus
Pension
Value
Service
Cost
(1)
 
 
Minus SCT
Equity for
Average
Other NEOs
 
 
Plus
EOY Fair
Value of
Equity
Awards
Granted
During
Fiscal Year
that are
Outstanding
and
Unvested at
EOY
 
 
Plus (Minus)
Change
from BOY to
EOY in Fair
Value of
Awards
Granted in
Any Prior
Fiscal Year
that are
Outstanding
and
Unvested at
EOY
 
 
Plus Fair
Value at
Vesting
Date of
Awards
Granted
and Vested
During the
Fiscal Year
 
 
Plus
(Minus)
Change in
Fair Value
from BOY
to Vesting
Date of
Awards
Granted in
Any Prior
Fiscal Year
that Vested
During the
Fiscal Year
 
 
Minus Fair
Value at
BOY of
Awards
Granted in
Prior Year
that were
Forfeited
During the
Fiscal Year
 
 
Average
Other NEOs
CAP
 
2022
 (2)
     6,533,381       —       —       4,542,718       4,004,019       104,392       —       (111,607 )      —       5,987,467  
                     
2021
 (3)
     5,751,387       —       —       2,678,371       3,247,540       540,265       —       365,719       —       7,226,540  
                     
2020
 (4)
     4,815,026       289,148       —       2,348,778       1,629,713       (474,998 )      —       (735,786 )      (516,205 )      2,079,824  
    
Compensation Actually Paid vs. Total Shareholder Return [Text Block]
LOGO
 
 
    
Compensation Actually Paid vs. Net Income [Text Block]
LOGO
   
Compensation Actually Paid vs. Company Selected Measure [Text Block]
LOGO
   
Total Shareholder Return Vs Peer Group [Text Block]
LOGO
 
 
    
Tabular List [Table Text Block]
Most Important Performance Measures
 
Adjusted EBITDA
 
Free Cash Flow
 
ROIC
 
Relative TSR
    
Total Shareholder Return Amount $ 127 101 85
Peer Group Total Shareholder Return Amount 107 67 57
Net Income (Loss) $ (601,000,000) $ (219,000,000) $ (9,940,000,000)
Company Selected Measure Amount 2,981 2,681 2,357
PEO Name Mr. Simonelli    
Measure [Axis]: 1      
Pay vs Performance Disclosure [Table]      
Measure Name Adjusted EBITDA    
Non-GAAP Measure Description [Text Block] Adjusted EBITDA is a
non-GAAP
measure. A reconciliation of GAAP to
non-GAAP
measures is included in the Proxy Statement in Annex A. 		   
Measure [Axis]: 2      
Pay vs Performance Disclosure [Table]      
Measure Name Free Cash Flow    
Measure [Axis]: 3      
Pay vs Performance Disclosure [Table]      
Measure Name ROIC    
Measure [Axis]: 4      
Pay vs Performance Disclosure [Table]      
Measure Name Relative TSR    
PEO [Member] | SCT Change in Pension Value [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount     $ (2,119,972)
PEO [Member] | SCT Equity [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ (12,056,262) $ (10,856,292) (9,807,294)
PEO [Member] | Fair Value of Equity Awards Granted During Fiscal Year that are Outstanding and Unvested at EOY [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 11,277,242 13,182,502 9,831,986
PEO [Member] | Fair Value of Awards Granted in Any Prior Fiscal Year that are Outstanding and Unvested at EOY [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 149,308 2,328,558 (2,258,812)
PEO [Member] | Fair Value from BOY to Vesting Date of Awards Granted in Any Prior Fiscal Year that Vested During the Fiscal Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (950,444) 1,489,664 (2,728,136)
Non-PEO NEO [Member] | SCT Change in Pension Value [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount     (289,148)
Non-PEO NEO [Member] | SCT Equity [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (4,542,718) (2,678,371) (2,348,778)
Non-PEO NEO [Member] | Fair Value of Equity Awards Granted During Fiscal Year that are Outstanding and Unvested at EOY [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 4,004,019 3,247,540 1,629,713
Non-PEO NEO [Member] | Fair Value of Awards Granted in Any Prior Fiscal Year that are Outstanding and Unvested at EOY [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 104,392 540,265 (474,998)
Non-PEO NEO [Member] | Fair Value from BOY to Vesting Date of Awards Granted in Any Prior Fiscal Year that Vested During the Fiscal Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ (111,607) $ 365,719 (735,786)
Non-PEO NEO [Member] | Fair Value at BOY of Awards Granted in Prior Year that were Forfeited During the Fiscal Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount     $ (516,205)