��ࡱ�>�� ������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������� l ������\pThe Free Software Foundation B��=PF0*8X@�"��1�� Helvetica1��Courier1�� Courier New1�� Courier New1�� Helvetica$#,##0_);($#,##0)$#,##0_);[Red]($#,##0)$#,##0.00_);($#,##0.00)$#,##0.00_);[Red]($#,##0.00)-**_($* #,##0_);_($* (#,##0);_($* "-"_);_(@_)*)'_(* #,##0_);_(* (#,##0);_(* "-"_);_(@_)5,2_($* #,##0.00_);_($* (#,##0.00);_($* "-"??_);_(@_)2+/_(* #,##0.00_);_(* (#,##0.00);_(* "-"??_);_(@_)2$#,##0.00;[Red]$#,##0.003$#,##0.00;[Red]($#,##0.00)4$#,##0;[Red]($#,##00)50.00%;[Red](0.00%)6 0%;[Red](0%)7#,##0.00;[Red](#,##0.00)8#,##0;[Red](#,##0)��� � ��� �� ��� �� ��� �� ��� �� ��� �� ��� �� ��� �� ��� �� ��� �� ��� �� ��� �� ��� �� ��� �� ��� �� � � �+�� �� �)�� �� �,�� �� �*�� �� � �� �� � Ј ~~�� ؈ ~~��#؈ ~~�� ؈ ~~��8#܈ ~~��<#܈ ~~��4#܈ ~~��3#܈ ~~��7#܈ ~~���������������������8�������������������������������3f������ff���f����������������������������������̙��̙3f�3���������fff����3f3�f333�3�3f33����� v Baker Hughes Incorporated��Table of Contents��*Income Statement�&�?Consolidated Condensed Statemen��L Balance Sheet�"�hConsolidated Condensed (1)�"�Consolidated Condensed (2)�Z� Cash Flows�&&�Notes to Unaudited Consolidated�+�Notes to Unaudited (1)� Y�NOTE 7 EARNINGS PER SHARE�V�NOTE 8 INVENTORIES���NOTE 9 INTANGIBLE ASSETS���NOTE 9 INTANGIBLE (1)�%<NOTE 11 EMPLOYEE BENEFIT PLANS�&_NOTE 13 ACCUMULATED OTHER COMPR�%� NOTE 13 ACCUMULATED OTHER (1)�!p.Oil and Natural Gas Prices�?8Baker Hughes Rig Count�&�FRevenue and Profit Loss Before �#�URevenue and Profit Loss (1)��gCosts and Expenses�lt 25Cash Flows�&�}ITEM 2 UNREGISTERED SALES OF EQ�-�ITEM 6 EXHIBITS�&��Three Months Ended March 31 201 l �   d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�Table of ContentsIncome Statement!Consolidated Condensed Statemen Balance SheetConsolidated Condensed (1)Consolidated Condensed (2) Cash Flows!Notes to Unaudited ConsolidatedNotes to Unaudited (1)NOTE 7 EARNINGS PER SHARENOTE 8 INVENTORIESNOTE 9 INTANGIBLE ASSETSNOTE 9 INTANGIBLE (1) NOTE 11 EMPLOYEE BENEFIT PLANS!NOTE 13 ACCUMULATED OTHER COMPR NOTE 13 ACCUMULATED OTHER (1)Oil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Profit Loss Before Revenue and Profit Loss (1)Costs and Expenses 25Cash Flows!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITS!Three Months Ended March 31 201U } �0} �+ ��������� � � � � ���������BAKER HUGHES INC 10-Q 04/21/2015!Baker Hughes Incorporated   Delaware  76-0207995$ (State or other jurisdiction, $(I.R.S.Employer Identification No.)) !of incorporation or organization)   0(2929 Allen Parkway, Suite 2100, Houston, 77019-2118 Texas0((Address of principal executive offices) (Zip Code)$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�0��������������u�i�]�E������r�(����������=PF0*8X> �@� l � E�$)y*  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�Baker Hughes IncorporatedIncome Statement!Consolidated Condensed Statemen Balance SheetConsolidated Condensed (1)Consolidated Condensed (2) Cash Flows!Notes to Unaudited ConsolidatedNotes to Unaudited (1)NOTE 7 EARNINGS PER SHARENOTE 8 INVENTORIESNOTE 9 INTANGIBLE ASSETSNOTE 9 INTANGIBLE (1) NOTE 11 EMPLOYEE BENEFIT PLANS!NOTE 13 ACCUMULATED OTHER COMPR NOTE 13 ACCUMULATED OTHER (1)Oil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Profit Loss Before Revenue and Profit Loss (1)Costs and Expenses 25Cash Flows!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITS!Three Months Ended March 31 201U } � } �6} � E��������� � � � � �������������������BAKER HUGHES INC 10-Q 04/21/2015Table of Contents       Page No . PART I - FINANCIAL INFORMATION     Item 1.(  Financial Statements (Unaudited) ,$Consolidated Condensed Statements of~  !Income (Loss) (Unaudited)2*Three months ended March 31, 2015 and 2014,$Consolidated Condensed Statements of~ /'Comprehensive Income (Loss) (Unaudited)2*Three months ended March 31, 2015 and 2014-%Consolidated Condensed Balance Sheets~  (Unaudited),$March 31, 2015 and December 31, 2014,$Consolidated Condensed Statements of~ %Changes in Equity (Unaudited)2*Three months ended March 31, 2015 and 2014,$Consolidated Condensed Statements of~ �D l������������}�q�e�A������d�@�������_������p�%������X�#��� �!�"�#�$�%�&�'�(�)�*�+�,�-�.�/�0�1�2�3�4�5�6�7�8�9�:�;�<�=�>�?�  Cash Flows (Unaudited)!2!*Three months ended March 31, 2015 and 2014"""#1#)Notes to Unaudited Consolidated Condensed~ #$$Financial Statements%%%&Item 2./&'Management s Discussion and Analysis of~ &F'5'-Financial Condition and Results of Operations((()Item 3.0)(Quantitative and Qualitative Disclosures~ )r**About Market Risk+++,Item 4.,Controls and Procedures~ ,r---. PART II -.OTHER INFORMATION.///0Item 1.0Legal Proceedings~ 0v1112Item 1A.2 Risk Factors~ 2v3334Item 2./4'Unregistered Sales of Equity Securities~ 4v55and Use of Proceeds6667Item 3.'7Defaults Upon Senior Securities~ 7v8889Item 4.9Mine Safety Disclosures~ 9v:::;Item 5.;Other Information~ ;z<<<=Item 6.=Exhibits~ =z>>>?? Signatures~ ?~�D l����l������y�4������n�*������f�B������e�A�������i�+����@�A�B�C�D�@A$B____________________________1C)Created by Morningstar Document Research.0D(http://documentresearch.morningstar.com/� P������=PF0*8X> �@�DDCCBB l � -�9�=  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�Baker Hughes IncorporatedTable of Contents!Consolidated Condensed Statemen Balance SheetConsolidated Condensed (1)Consolidated Condensed (2) Cash Flows!Notes to Unaudited ConsolidatedNotes to Unaudited (1)NOTE 7 EARNINGS PER SHARENOTE 8 INVENTORIESNOTE 9 INTANGIBLE ASSETSNOTE 9 INTANGIBLE (1) NOTE 11 EMPLOYEE BENEFIT PLANS!NOTE 13 ACCUMULATED OTHER COMPR NOTE 13 ACCUMULATED OTHER (1)Oil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Profit Loss Before Revenue and Profit Loss (1)Costs and Expenses 25Cash Flows!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITS!Three Months Ended March 31 201U } :} $ -��������� � � � � �������������������BAKER HUGHES INC 10-Q 04/21/2015Income Statement         $ Three Months Ended March 31,/ '(In millions, except per share amounts)~ ~ ~ z Revenue:    Sales~ �  ~  Services~ �/~ �< Total revenue~ �G~ �YCosts and expenses: Cost of sales~ ~ vCost of services~ �.~ N2 Research and engineering~ *~ >-%Marketing, general and administrative~ �~ �Restructuring charges~ � Total costs and expenses~ �S~ �POperating (loss) income~ ����~ �Interest expense, net~ *���~ ���)!(Loss) income before income taxes~ ���~ � Income taxes~ �~ ����Net (loss) income~ ����~ B80Net loss (income) attributable to noncontrolling~ ~ ���� interests/'Net (loss) income attributable to Baker~ ����~ "Hughes�D� l������������~�r�f����w�?�����A�����I���t����N�����(���O�:� �!�"�#�$�%�&�'�(�)�*�+�,�    4!,Basic (loss) earnings per share attributable!��������!!!�?!"to Baker Hughes####6$.Diluted (loss) earnings per share attributable$��������$$$�G�z��?$%to Baker Hughes&&&& 'Cash dividends per share'��(\���?'''333333�?'()$*____________________________1+)Created by Morningstar Document Research.0,(http://documentresearch.morningstar.com/�����P�5����h�8���������=PF0*8X> �@�Z+,,++**''''$$$$!!!!      l � �K  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�Baker Hughes IncorporatedTable of ContentsIncome Statement Balance SheetConsolidated Condensed (1)Consolidated Condensed (2) Cash Flows!Notes to Unaudited ConsolidatedNotes to Unaudited (1)NOTE 7 EARNINGS PER SHARENOTE 8 INVENTORIESNOTE 9 INTANGIBLE ASSETSNOTE 9 INTANGIBLE (1) NOTE 11 EMPLOYEE BENEFIT PLANS!NOTE 13 ACCUMULATED OTHER COMPR NOTE 13 ACCUMULATED OTHER (1)Oil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Profit Loss Before Revenue and Profit Loss (1)Costs and Expenses 25Cash Flows!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITS!Three Months Ended March 31 201U } �2} $ ��������� � � � � ���������������BAKER HUGHES INC 10-Q 04/21/2015H@Consolidated Condensed Statements of Comprehensive Income (Loss)         $ Three Months Ended March 31,  (In millions)~ ~ ~ z Net (loss) income~ ����  ~ B * "Other comprehensive (loss) income:   0(Foreign currency translation adjustments~ V���~ ����during the period2*Pension and other postretirement benefits,~ ~ ���� net of tax Other comprehensive loss~ r���~ ����#Comprehensive (loss) income~ .���~ �0(Comprehensive loss (income) attributable~ ~ ����#to noncontrolling interests0(Comprehensive (loss) income attributable~ >���~ �to Baker Hughes$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�<-��������f�Z�N�B�6�����a����>�!�����1���V�/�������l�=PF0*8X> �@��      l � ;�Z�e  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�Baker Hughes IncorporatedTable of ContentsIncome Statement!Consolidated Condensed StatemenConsolidated Condensed (1)Consolidated Condensed (2) Cash Flows!Notes to Unaudited ConsolidatedNotes to Unaudited (1)NOTE 7 EARNINGS PER SHARENOTE 8 INVENTORIESNOTE 9 INTANGIBLE ASSETSNOTE 9 INTANGIBLE (1) NOTE 11 EMPLOYEE BENEFIT PLANS!NOTE 13 ACCUMULATED OTHER COMPR NOTE 13 ACCUMULATED OTHER (1)Oil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Profit Loss Before Revenue and Profit Loss (1)Costs and Expenses 25Cash Flows!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITS!Three Months Ended March 31 201U } I;} $ ;��������� � � � � �������������������BAKER HUGHES INC 10-Q 04/21/2015 Balance Sheet          (In millions)  March 31,   December 31, ~ ~ ~ z ASSETS Current assets:   !Cash and cash equivalents~ ~ 20(Accounts receivable - less allowance for~ �E~ �Tdoubtful accounts"(2015 - $325!2014 - $224)Inventories, net~ <~ �?Deferred income taxes~ �~ �Other current assets~ �~ .Total current assets~ F�~ 6�80Property, plant and equipment - less accumulated~ ��~ �� depreciation&(2015 - $8,431!2014 - $8,215)Goodwill~ �^~ _Intangible assets, net~ > ~ �  Other assets~ � ~ �  Total assets~ ��~ n�LIABILITIES AND EQUITYCurrent liabilities:Accounts payable~ �!~ �+�D� l��������������u�i� �����q�2���Y�<����Y�����������%���u�S� �!�"�#�$�%�&�'�(�)�*�+�,�-�.�/�0�1�2�3�4�5�6�7�8�9�:�. &Short-term debt and current portion of~ V  ~ r !long-term debt%"Accrued employee compensation~ "� ""~ ": "#Income taxes payable~ #r##~ #&#!$Other accrued liabilities~ $: $$~ $�$!%Total current liabilities~ %V:%%~ %vH%&Long-term debt~ & =&&~ &&=&7'/Deferred income taxes and other tax liabilities~ '" ''~ '� '9(1Liabilities for pensions and other postretirement~ (� ((~ (� ()benefits*Other liabilities~ *�**~ *�*%+Commitments and contingencies+++++,Equity:,,,- Common stock~ -�--~ -�-&.Capital in excess of par value~ .�n..~ .Zn./Retained earnings~ /:�//~ /��/,0$Accumulated other comprehensive loss~ 0����00~ 0N���01Treasury stock~ 1����1111(2 Baker Hughes stockholders equity~ 2R22~ 2#2 3Noncontrolling interests~ 3�33~ 3�34 Total equity~ 4�44~ 4�$4$5Total liabilities and equity~ 5��55~ 5n�567$8____________________________19)Created by Morningstar Document Research.0:(http://documentresearch.morningstar.com/�:� ��t� ���F����� ���{������*���c�����/���s� �������=PF0*8X> �@�"D::99885555444433332222110000////....----****((((''''&&&&%%%%$$$$####""""        l � �}  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�Baker Hughes IncorporatedTable of ContentsIncome Statement!Consolidated Condensed Statemen Balance SheetConsolidated Condensed (2) Cash Flows!Notes to Unaudited ConsolidatedNotes to Unaudited (1)NOTE 7 EARNINGS PER SHARENOTE 8 INVENTORIESNOTE 9 INTANGIBLE ASSETSNOTE 9 INTANGIBLE (1) NOTE 11 EMPLOYEE BENEFIT PLANS!NOTE 13 ACCUMULATED OTHER COMPR NOTE 13 ACCUMULATED OTHER (1)Oil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Profit Loss Before Revenue and Profit Loss (1)Costs and Expenses 25Cash Flows!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITS!Three Months Ended March 31 201U } a/} $ ��������� � � � � �����������������BAKER HUGHES INC 10-Q 04/21/2015>6Consolidated Condensed Statements of Changes in Equity                             ) !Baker Hughes Stockholders' Equity    / '(In millions, except per share amounts)  Common Stock  Capital  Retained   Accumulated  Treasury Stock  Non-controlling   Total Equity       in Excess  Earnings  Other       Interests      of       Comprehensive Par Value      Loss$Balance at December 31, 2014~ �~ Zn~  ��  ~  N���~ ~ �~ �$Comprehensive loss:   Net loss~  ����   ~ ����~ ���� Other comprehensive loss  ~  r���~ r���'Activity related to stock plans~ ~ ����   ~ ����~ ���� Stock-based compensation~ �   ~ �( Cash dividends ($0.17 per share)~  ����   ~ ����.&Net activity related to noncontrolling~ ����   ~ ���� interests!Balance at March 31, 2015~ �~ �n~  :�  ~  ����~ ����~ �~ �$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�@+D��������p�d�X�L�@�����i�����N�(�m��������������������=PF0*8X> �@��0                     l � [�  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�Baker Hughes IncorporatedTable of ContentsIncome Statement!Consolidated Condensed Statemen Balance SheetConsolidated Condensed (1) Cash Flows!Notes to Unaudited ConsolidatedNotes to Unaudited (1)NOTE 7 EARNINGS PER SHARENOTE 8 INVENTORIESNOTE 9 INTANGIBLE ASSETSNOTE 9 INTANGIBLE (1) NOTE 11 EMPLOYEE BENEFIT PLANS!NOTE 13 ACCUMULATED OTHER COMPR NOTE 13 ACCUMULATED OTHER (1)Oil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Profit Loss Before Revenue and Profit Loss (1)Costs and Expenses 25Cash Flows!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITS!Three Months Ended March 31 201U } �1} $ ��������� � � � � ������������������BAKER HUGHES INC 10-Q 04/21/2015>6Consolidated Condensed Statements of Changes in Equity                         ) !Baker Hughes Stockholders' Equity   / '(In millions, except per share amounts)  Common Stock  Capital  Retained   Accumulated  Non-controlling   Total Equity       in Excess  Earnings  Other   Interests      of       Comprehensive Par Value      Loss$Balance at December 31, 2013~ �~ �r~  �  ~  "���~ ~ �Comprehensive income:    Net income~  "   ~ "~ B Other comprehensive loss  ~  ����~ ����'Activity related to stock plans~ ~ N   ~ R1)Repurchase and retirement of common stock~ ����~ ����   ~ ���� Stock-based compensation~ �   ~ �( Cash dividends ($0.15 per share)~  ����   ~ ����.&Net activity related to noncontrolling   ~ ����~ ���� interests!Balance at March 31, 2014~ �~ np~  2�  ~  ����~ 2~ F$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�B�X��������p�d�X�L�@� ������}�����;�w�������3�g�����w�k�C�=PF0*8X> �@�z/                    l � <�Ͱ  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�Baker Hughes IncorporatedTable of ContentsIncome Statement!Consolidated Condensed Statemen Balance SheetConsolidated Condensed (1)Consolidated Condensed (2)!Notes to Unaudited ConsolidatedNotes to Unaudited (1)NOTE 7 EARNINGS PER SHARENOTE 8 INVENTORIESNOTE 9 INTANGIBLE ASSETSNOTE 9 INTANGIBLE (1) NOTE 11 EMPLOYEE BENEFIT PLANS!NOTE 13 ACCUMULATED OTHER COMPR NOTE 13 ACCUMULATED OTHER (1)Oil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Profit Loss Before Revenue and Profit Loss (1)Costs and Expenses 25Cash Flows!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITS!Three Months Ended March 31 201U } �8} $ <��������� � � � � �������������������BAKER HUGHES INC 10-Q 04/21/2015 Cash Flows         $ Three Months Ended March 31,  (In millions)~ ~ ~ z- %Cash flows from operating activities:    Net (loss) income~ ����  ~ B 2*Adjustments to reconcile net (loss) income4,to net cash flows from operating activities:%Depreciation and amortization~ 2~ �Impairment of assets~ �'Provision for doubtful accounts~ �~ bOther noncash items~ 2���~ ���4,Changes in operating assets and liabilities:Accounts receivable~ � ~ ~��� Inventories~ �~ 2���Accounts payable~ 6���~ ����"Other operating items, net~ ����~ ����7/Net cash flows provided by operating activities~ ~ �-%Cash flows from investing activities:'Expenditures for capital assets~ ���~ &���( Proceeds from disposal of assets~ F~ �"Other investing items, net~ ����~ ����3+Net cash flows used in investing activities~ N���~ R���-%Cash flows from financing activities:�Dk l��������������x�l� �����B�����S�����!���f����T���s����G��� �!�"�#�$�%�&�'�(�)�*�+�,�-�.�/�0�1�2�3�4�5�6�7�8�9�:�;�/ 'Net (repayments) proceeds of commercial~ z���  ~ � 5!-paper borrowings and other debt with original(" maturity of three months or less3#+Repayments of short-term debt with original~ #n���##~ #����#*$"maturity greater than three months3%+Proceeds from short-term debt with original~ %F%%~ %�%*&"maturity greater than three months"'Repurchase of common stock'''~ '����'(Dividends paid~ (����((~ (����(")Other financing items, net~ )����))~ ):)3*+Net cash flows used in financing activities~ *����**~ *����*/+'Effect of foreign exchange rate changes~ +����++++$,on cash and cash equivalents--%Decrease in cash and cash equivalents~ -����--~ -����-/.'Cash and cash equivalents, beginning of~ .2..~ .�./period00(Cash and cash equivalents, end of period~ 000~ 0�0,1$Supplemental cash flows disclosures:111)2!Income taxes paid, net of refunds~ 2�22~ 2�23 Interest paid~ 3"33~ 3&344,Supplemental disclosure of noncash investing4445 activities:16)Capital expenditures included in accounts~ 6.66~ 6v67payable8$9____________________________1:)Created by Morningstar Document Research.0;(http://documentresearch.morningstar.com/�<� ��T�(����� ���z� ���C�����9�����@����&�����>�+����=PF0*8X> �@��;;;::996666333322220000....----++****))))((((''%%%%####        l � d�  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�Baker Hughes IncorporatedTable of ContentsIncome Statement!Consolidated Condensed Statemen Balance SheetConsolidated Condensed (1)Consolidated Condensed (2) Cash FlowsNotes to Unaudited (1)NOTE 7 EARNINGS PER SHARENOTE 8 INVENTORIESNOTE 9 INTANGIBLE ASSETSNOTE 9 INTANGIBLE (1) NOTE 11 EMPLOYEE BENEFIT PLANS!NOTE 13 ACCUMULATED OTHER COMPR NOTE 13 ACCUMULATED OTHER (1)Oil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Profit Loss Before Revenue and Profit Loss (1)Costs and Expenses 25Cash Flows!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITS!Three Months Ended March 31 201U } �0} $ ��������� � � � � ����������BAKER HUGHES INC 10-Q 04/21/2015F>Notes to Unaudited Consolidated Condensed Financial Statements      Three Months Ended Restructuring Charges March 31, 2015   Workforce reductions~ � Contract terminations~ Z0(Impairment of buildings and improvements~ 6-%Impairment of machinery and equipment~ �#Total restructuring charges~ �$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�29���������h�\�P�D�8��������Q����}�<�0�$���=PF0*8X> �@�R     l � x�  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�Baker Hughes IncorporatedTable of ContentsIncome Statement!Consolidated Condensed Statemen Balance SheetConsolidated Condensed (1)Consolidated Condensed (2) Cash Flows!Notes to Unaudited ConsolidatedNOTE 7 EARNINGS PER SHARENOTE 8 INVENTORIESNOTE 9 INTANGIBLE ASSETSNOTE 9 INTANGIBLE (1) NOTE 11 EMPLOYEE BENEFIT PLANS!NOTE 13 ACCUMULATED OTHER COMPR NOTE 13 ACCUMULATED OTHER (1)Oil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Profit Loss Before Revenue and Profit Loss (1)Costs and Expenses 25Cash Flows!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITS!Three Months Ended March 31 201U } I"} $ ��������� � � � � ���������������BAKER HUGHES INC 10-Q 04/21/2015F>Notes to Unaudited Consolidated Condensed Financial Statements                  Three Months Ended  Three Months Ended  March 31, 2015  March 31, 2014 Segments Revenue " Profit (Loss) Before Taxes  Revenue " Profit (Loss) Before Taxes  North America~ Z  ~ ����  ~ b+  ~    Latin America~ �~ �~  J  ~  �$Europe/Africa/Russia Caspian~ � ~ ����~  R  ~  N Middle East/Asia Pacific~ R~ �~  �  ~   Industrial Services~ r~ *~    ~  nTotal Operations~ �G~ ���~  �Y  ~  � Corporate and other~ ����   ~  ����Interest expense, net~ *���   ~  ���Restructuring charges~ ���     Total~ �G~ ���~  �Y  ~  �$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�<@ ��������h�\�P�D�8�x�$���.�����0�����-�����6�������Y�=PF0*8X> �@�b,                         l � ��  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�Baker Hughes IncorporatedTable of ContentsIncome Statement!Consolidated Condensed Statemen Balance SheetConsolidated Condensed (1)Consolidated Condensed (2) Cash Flows!Notes to Unaudited ConsolidatedNotes to Unaudited (1)NOTE 8 INVENTORIESNOTE 9 INTANGIBLE ASSETSNOTE 9 INTANGIBLE (1) NOTE 11 EMPLOYEE BENEFIT PLANS!NOTE 13 ACCUMULATED OTHER COMPR NOTE 13 ACCUMULATED OTHER (1)Oil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Profit Loss Before Revenue and Profit Loss (1)Costs and Expenses 25Cash Flows!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITS!Three Months Ended March 31 201U } U5} U} $ } U} $ ��������� � � � � ��������������BAKER HUGHES INC 10-Q 04/21/2015"NOTE 7.EARNINGS PER SHARE       $ Three Months Ended March 31, ~ ~ ~ z2 *Weighted average common shares outstanding~ �  ~ �   for basic EPS4,Adjustment for effect of dilutive securities~   - stock plans2*Weighted average common shares outstanding~ �~ �for diluted EPS/'Future potentially anti-dilutive shares~ !excluded from diluted EPS3+Future potentially dilutive shares excluded~ from diluted EPS$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�:������������t�h�\������6�����������\�7�������r�=PF0*8X> �@�2    l � ��  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�Baker Hughes IncorporatedTable of ContentsIncome Statement!Consolidated Condensed Statemen Balance SheetConsolidated Condensed (1)Consolidated Condensed (2) Cash Flows!Notes to Unaudited ConsolidatedNotes to Unaudited (1)NOTE 7 EARNINGS PER SHARENOTE 9 INTANGIBLE ASSETSNOTE 9 INTANGIBLE (1) NOTE 11 EMPLOYEE BENEFIT PLANS!NOTE 13 ACCUMULATED OTHER COMPR NOTE 13 ACCUMULATED OTHER (1)Oil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Profit Loss Before Revenue and Profit Loss (1)Costs and Expenses 25Cash Flows!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITS!Three Months Ended March 31 201U } 0} $ ��������� � � � � ��������BAKER HUGHES INC 10-Q 04/21/2015NOTE 8.INVENTORIES           March 31,   December 31, ~ ~ ~ z Finished goods~ �5  ~ �8  Work in process~ J  ~ �  Raw materials~ �~ .Total inventories~ <~ �?$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�..�������������{�o�c������0���|������=PF0*8X> �@�z         l � ��  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�Baker Hughes IncorporatedTable of ContentsIncome Statement!Consolidated Condensed Statemen Balance SheetConsolidated Condensed (1)Consolidated Condensed (2) Cash Flows!Notes to Unaudited ConsolidatedNotes to Unaudited (1)NOTE 7 EARNINGS PER SHARENOTE 8 INVENTORIESNOTE 9 INTANGIBLE (1) NOTE 11 EMPLOYEE BENEFIT PLANS!NOTE 13 ACCUMULATED OTHER COMPR NOTE 13 ACCUMULATED OTHER (1)Oil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Profit Loss Before Revenue and Profit Loss (1)Costs and Expenses 25Cash Flows!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITS!Three Months Ended March 31 201U } U} $ ��������� � � � � �����������BAKER HUGHES INC 10-Q 04/21/2015!NOTE 9.INTANGIBLE ASSETS                          March 31, 2015  December 31, 2014  Gross  Less:  Net  Gross  Less:  Net  Carrying   Accumulated      Carrying   Accumulated  Amount   Amortization      Amount   Amortization Technology~ � ~ ^~  2  ~  � ~ &~ vCustomer relationships~ �~ &~  z  ~  �~ �~ � Trade names~ �~ v~  n  ~  �~ r~ r Other (1)~ ^~ 6~  *  ~  ^~ 6~ *Total intangible assets~ f~ * ~  >   ~  v~ � ~ � $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�4n �������������u�i�]�=���D����������������=PF0*8X> �@��1                          l � w�  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�Baker Hughes IncorporatedTable of ContentsIncome Statement!Consolidated Condensed Statemen Balance SheetConsolidated Condensed (1)Consolidated Condensed (2) Cash Flows!Notes to Unaudited ConsolidatedNotes to Unaudited (1)NOTE 7 EARNINGS PER SHARENOTE 8 INVENTORIESNOTE 9 INTANGIBLE ASSETS NOTE 11 EMPLOYEE BENEFIT PLANS!NOTE 13 ACCUMULATED OTHER COMPR NOTE 13 ACCUMULATED OTHER (1)Oil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Profit Loss Before Revenue and Profit Loss (1)Costs and Expenses 25Cash Flows!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITS!Three Months Ended March 31 201U } 0} $ ��������� � � � � ���������BAKER HUGHES INC 10-Q 04/21/2015!NOTE 9.INTANGIBLE ASSETS     Year& Estimated Amortization Expense Remainder of 2015~ 6 ~ �~ � ~ �~ � ~ �~ n~ �~ b~ �~ :$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�0m�������������u�i�]�-�������l�D����������=PF0*8X> �@�R      l � �  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�Baker Hughes IncorporatedTable of ContentsIncome Statement!Consolidated Condensed Statemen Balance SheetConsolidated Condensed (1)Consolidated Condensed (2) Cash Flows!Notes to Unaudited ConsolidatedNotes to Unaudited (1)NOTE 7 EARNINGS PER SHARENOTE 8 INVENTORIESNOTE 9 INTANGIBLE ASSETSNOTE 9 INTANGIBLE (1)!NOTE 13 ACCUMULATED OTHER COMPR NOTE 13 ACCUMULATED OTHER (1)Oil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Profit Loss Before Revenue and Profit Loss (1)Costs and Expenses 25Cash Flows!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITS!Three Months Ended March 31 201U } �+} $ ��������� � � � � ������������BAKER HUGHES INC 10-Q 04/21/2015'NOTE 11.百科全书小说小说小说小说小说小说小说小说小说小说小说小说小说小说小说小说小说小说小说小说小说小说小说小说小说小说小说小说小说小说小说小说小说小说小说小说小说小说小说小说小说小说小说小说小说小说小说小说小说小说小说小说小说小说养老福利+++++++Pension Benefits % Other Postretirement Benefits ~ ~ ~ z ~ ~ ~ z ~ ~ ~ z  Service cost~ J  ~ F  ~   ~   ~   ~    Interest cost~   ~   ~ "  ~ &  ~   ~   &Expected return on plan assets~ ����~ ����~  ����  ~  ����,$Amortization of prior service credit    ~ ����~ ����*"Amortization of net actuarial loss~  ~  ~    ~  ~ ~ Curtailment gain    ~ ���� Other    ~ ����#Net periodic cost (benefit)~ :~ >~    ~  ~ ����~ ����$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�6B �����������{�o�c�W�7�����'�)�)�#�9�Z�[�O�C��=PF0*8X> �@�b,                         l � �  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�Baker Hughes IncorporatedTable of ContentsIncome Statement!Consolidated Condensed Statemen Balance SheetConsolidated Condensed (1)Consolidated Condensed (2) Cash Flows!Notes to Unaudited ConsolidatedNotes to Unaudited (1)NOTE 7 EARNINGS PER SHARENOTE 8 INVENTORIESNOTE 9 INTANGIBLE ASSETSNOTE 9 INTANGIBLE (1) NOTE 11 EMPLOYEE BENEFIT PLANS NOTE 13 ACCUMULATED OTHER (1)Oil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Profit Loss Before Revenue and Profit Loss (1)Costs and Expenses 25Cash Flows!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITS!Three Months Ended March 31 201U } �0} $ ��������� � � � � ����������BAKER HUGHES INC 10-Q 04/21/20155-NOTE 13.ACCUMULATED OTHER COMPREHENSIVE LOSS                 2 *Pensions and Other Postretirement Benefits0 (Foreign Currency Translation Adjustments, $Accumulated Other Comprehensive Loss$ Balance at December 31, 2014 ~ *���   ~ &���   ~ N���  0 (Other comprehensive income (loss) before ~ 6   ~ V���   ~ ����   reclassifications-%Amounts reclassified from accumulated~ ����   ~  ���� other comprehensive lossDeferred taxes~    ~  !Balance at March 31, 2015~ F���~ z���   ~  ����$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�2����������y�m�a�U�I�����%�[�>�y�U�����������=PF0*8X> �@��          l � c-  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�Baker Hughes IncorporatedTable of ContentsIncome Statement!Consolidated Condensed Statemen Balance SheetConsolidated Condensed (1)Consolidated Condensed (2) Cash Flows!Notes to Unaudited ConsolidatedNotes to Unaudited (1)NOTE 7 EARNINGS PER SHARENOTE 8 INVENTORIESNOTE 9 INTANGIBLE ASSETSNOTE 9 INTANGIBLE (1) NOTE 11 EMPLOYEE BENEFIT PLANS!NOTE 13 ACCUMULATED OTHER COMPROil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Profit Loss Before Revenue and Profit Loss (1)Costs and Expenses 25Cash Flows!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITS!Three Months Ended March 31 201U } I;} $ ��������� � � � � ���������BAKER HUGHES INC 10-Q 04/21/20155-NOTE 13.ACCUMULATED OTHER COMPREHENSIVE LOSS                 2 *Pensions and Other Postretirement Benefits0 (Foreign Currency Translation Adjustments, $Accumulated Other Comprehensive Loss$ Balance at December 31, 2013 ~ ����   ~ ����   ~ "���  9 1Other comprehensive loss before reclassifications ~ ����   ~ ����   ~ ����  - %Amounts reclassified from accumulated ~ ����       ~ ����   other comprehensive lossDeferred taxes~    ~  !Balance at March 31, 2014~ ����~ ���   ~  ����$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�0a���������y�m�a�U�I�����%�R���i����������=PF0*8X> �@��          l � n7  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�Baker Hughes IncorporatedTable of ContentsIncome Statement!Consolidated Condensed Statemen Balance SheetConsolidated Condensed (1)Consolidated Condensed (2) Cash Flows!Notes to Unaudited ConsolidatedNotes to Unaudited (1)NOTE 7 EARNINGS PER SHARENOTE 8 INVENTORIESNOTE 9 INTANGIBLE ASSETSNOTE 9 INTANGIBLE (1) NOTE 11 EMPLOYEE BENEFIT PLANS!NOTE 13 ACCUMULATED OTHER COMPR NOTE 13 ACCUMULATED OTHER (1)Baker Hughes Rig Count!Revenue and Profit Loss Before Revenue and Profit Loss (1)Costs and Expenses 25Cash Flows!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITS!Three Months Ended March 31 201U } �%} $ ��������� � � � � �������BAKER HUGHES INC 10-Q 04/21/2015"Oil and Natural Gas Prices         $ Three Months Ended March 31, ~ ~ ~ z# Brent oil price ($/Bbl) (1) 33333�J@   ������Z@ ! WTI oil price ($/Bbl) (2) ��Q�>H@   ףp= �X@ 'Natural gas price ($/mmBtu) (3)�(\���@���(\�@$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�,�|������������t�h�\�������%���E�9�-��=PF0*8X> �@�b         l � �E  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�Baker Hughes IncorporatedTable of ContentsIncome Statement!Consolidated Condensed Statemen Balance SheetConsolidated Condensed (1)Consolidated Condensed (2) Cash Flows!Notes to Unaudited ConsolidatedNotes to Unaudited (1)NOTE 7 EARNINGS PER SHARENOTE 8 INVENTORIESNOTE 9 INTANGIBLE ASSETSNOTE 9 INTANGIBLE (1) NOTE 11 EMPLOYEE BENEFIT PLANS!NOTE 13 ACCUMULATED OTHER COMPR NOTE 13 ACCUMULATED OTHER (1)Oil and Natural Gas Prices!Revenue and Profit Loss Before Revenue and Profit Loss (1)Costs and Expenses 25Cash Flows!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITS!Three Months Ended March 31 201U } y#} � } $ } � } $ } U} U ��������� � � � � ����������������BAKER HUGHES INC 10-Q 04/21/2015Baker Hughes Rig Count        $ Three Months Ended March 31,  ~ ~~ z % Change% U.S.陆地和内陆水域+++++++++++++++++++++++- offshore~ � ~ � ~ ���� %)Canada~ �~ 6~ b��� %) North America~ �~ $~ ���� %) Latin America~ �~ J~ ���� %) North Sea~ �~ �~ 6 %Continental Europe~ f~ �~ ���� %)Africa~  ~ :~ ���� %) Middle East~ r~ B~  % Asia Pacific~ �~  ~ ���� %)Outside North America~ �~ �~ ���� %) Worldwide~ �.~ �8~ ���� %)$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�>M 0������������x�l�`� ��������J���x����D���v��������`�=PF0*8X> �@�:     l � *T  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�Baker Hughes IncorporatedTable of ContentsIncome Statement!Consolidated Condensed Statemen Balance SheetConsolidated Condensed (1)Consolidated Condensed (2) Cash Flows!Notes to Unaudited ConsolidatedNotes to Unaudited (1)NOTE 7 EARNINGS PER SHARENOTE 8 INVENTORIESNOTE 9 INTANGIBLE ASSETSNOTE 9 INTANGIBLE (1) NOTE 11 EMPLOYEE BENEFIT PLANS!NOTE 13 ACCUMULATED OTHER COMPR NOTE 13 ACCUMULATED OTHER (1)Oil and Natural Gas PricesBaker Hughes Rig CountRevenue and Profit Loss (1)Costs and Expenses 25Cash Flows!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITS!Three Months Ended March 31 201U } I"}  $ } U} U} $ ��������� � � � � �����������BAKER HUGHES INC 10-Q 04/21/2015,$Revenue and Profit (Loss) Before Tax                $ Three Months Ended March 31, ~   % ~ ~ ~ z  Change  Change Revenue:            North America~ Z  ~ b+  ~ ����  ~ ���� %) Latin America~ �~ J~  n���  ~  ���� %)$Europe/Africa/Russia Caspian~ � ~ R~  ����  ~  ���� %) Middle East/Asia Pacific~ R~ �~  ����  ~  ���� %)Industrial Services~ r~ ~  n���  ~  ���� %) Total~ �G~ �Y~  >���  ~  ���� %)$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�4P �����������v�j�^�R���7���;�����7�����9�-�!���=PF0*8X> �@��            l � f  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�Baker Hughes IncorporatedTable of ContentsIncome Statement!Consolidated Condensed Statemen Balance SheetConsolidated Condensed (1)Consolidated Condensed (2) Cash Flows!Notes to Unaudited ConsolidatedNotes to Unaudited (1)NOTE 7 EARNINGS PER SHARENOTE 8 INVENTORIESNOTE 9 INTANGIBLE ASSETSNOTE 9 INTANGIBLE (1) NOTE 11 EMPLOYEE BENEFIT PLANS!NOTE 13 ACCUMULATED OTHER COMPR NOTE 13 ACCUMULATED OTHER (1)Oil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Profit Loss Before Costs and Expenses 25Cash Flows!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITS!Three Months Ended March 31 201U } I"}  $ } � } U} $ ��������� � � � � ���������������BAKER HUGHES INC 10-Q 04/21/2015,$Revenue and Profit (Loss) Before Tax                $ Three Months Ended March 31, ~   % ~ ~ ~ z  Change  Change# Profit (Loss) Before Taxes:            North America~ ����  ~    ~ ����  ~ .��� %) Latin America~ �~ �~  ����    N/M$Europe/Africa/Russia Caspian~ ����~ N~  f���  ~  :��� %) Middle East/Asia Pacific~ �~  ~  ����  ~  2��� %)Industrial Services~ *~ n~  ����  ~  ��� %)Total Operations~ ���~ � ~  n���  ~  "��� %)Corporate and other~ ����~ ����~  ����  ~  J %Interest expense, net~ *���~ ���~    ~  ���� %)Restructuring charges~ ���~  ���    N/M Total~ ���~ �~  V���  ~  ���� %)$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�<c ����������v�j�^�R���7���(�����%�s����p����v�j�^�6�=PF0*8X> �@�:'                l � gs  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�Baker Hughes IncorporatedTable of ContentsIncome Statement!Consolidated Condensed Statemen Balance SheetConsolidated Condensed (1)Consolidated Condensed (2) Cash Flows!Notes to Unaudited ConsolidatedNotes to Unaudited (1)NOTE 7 EARNINGS PER SHARENOTE 8 INVENTORIESNOTE 9 INTANGIBLE ASSETSNOTE 9 INTANGIBLE (1) NOTE 11 EMPLOYEE BENEFIT PLANS!NOTE 13 ACCUMULATED OTHER COMPR NOTE 13 ACCUMULATED OTHER (1)Oil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Profit Loss Before Revenue and Profit Loss (1) 25Cash Flows!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITS!Three Months Ended March 31 201U } -} $ } U} $}  $ } U} $ ��������� � � � � ���������BAKER HUGHES INC 10-Q 04/21/2015Costs and Expenses               $ Three Months Ended March 31, ~ ~ ~ z ~   % ~   % Revenue~ �G  ~ � % ~ �Y  ~ � %Cost of revenue~ �C~ ~ %~ �I  ~  J  % Research and engineering~ *~  %~ >  ~     %-%Marketing, general and administrative~ �~  %~ �  ~    %$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�0.�������������|�p�d�����T���M�����3�'����=PF0*8X> �@��              l � }  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�Baker Hughes IncorporatedTable of ContentsIncome Statement!Consolidated Condensed Statemen Balance SheetConsolidated Condensed (1)Consolidated Condensed (2) Cash Flows!Notes to Unaudited ConsolidatedNotes to Unaudited (1)NOTE 7 EARNINGS PER SHARENOTE 8 INVENTORIESNOTE 9 INTANGIBLE ASSETSNOTE 9 INTANGIBLE (1) NOTE 11 EMPLOYEE BENEFIT PLANS!NOTE 13 ACCUMULATED OTHER COMPR NOTE 13 ACCUMULATED OTHER (1)Oil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Profit Loss Before Revenue and Profit Loss (1)Costs and Expenses!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITS!Three Months Ended March 31 201U } �} $ ��������� � � � � ������BAKER HUGHES INC 10-Q 04/21/2015 25Cash Flows          (In millions)~ ~ ~ z Operating activities~   ~ �  Investing activities~ N���  ~ R���  Financing activities~ ����  ~ ���� $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�*|h��������������v�j� ���i� �������i�=PF0*8X> �@�Z          l � 6�  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�Baker Hughes IncorporatedTable of ContentsIncome Statement!Consolidated Condensed Statemen Balance SheetConsolidated Condensed (1)Consolidated Condensed (2) Cash Flows!Notes to Unaudited ConsolidatedNotes to Unaudited (1)NOTE 7 EARNINGS PER SHARENOTE 8 INVENTORIESNOTE 9 INTANGIBLE ASSETSNOTE 9 INTANGIBLE (1) NOTE 11 EMPLOYEE BENEFIT PLANS!NOTE 13 ACCUMULATED OTHER COMPR NOTE 13 ACCUMULATED OTHER (1)Oil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Profit Loss Before Revenue and Profit Loss (1)Costs and Expenses 25Cash FlowsITEM 6 EXHIBITS!Three Months Ended March 31 201U } �}  } $ } �0} $   � � � � � � � � � � � � � � � � � � � � � � �BAKER HUGHES INC 10-Q 04/21/2015KCITEM 2.UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS              Period, $Total Number of Shares Purchased (1) $ Average Price Paid Per Share 0 (Total Number of Shares Purchased as Part  Maximum Number        + #of a Publicly Announced Program (2) % (or Approximate Dollar Value)          ! of Shares that May Yet Be          ' Purchased Under the Program (3)January 1-31, 2015~ N�G�z.M@  ���I�A February 1-28, 2015~ v�\���(|M@  ���I�A March 1-31, 2015~ �fffff�O@  ���I�A  Total~ ZT�G�z4M@   $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�2: ���������c�W�K�?�3�������Z����n���;�/�#���=PF0*8X> �@��        l � 0ݙ1�  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�Baker Hughes IncorporatedTable of ContentsIncome Statement!Consolidated Condensed Statemen Balance SheetConsolidated Condensed (1)Consolidated Condensed (2) Cash Flows!Notes to Unaudited ConsolidatedNotes to Unaudited (1)NOTE 7 EARNINGS PER SHARENOTE 8 INVENTORIESNOTE 9 INTANGIBLE ASSETSNOTE 9 INTANGIBLE (1) NOTE 11 EMPLOYEE BENEFIT PLANS!NOTE 13 ACCUMULATED OTHER COMPR NOTE 13 ACCUMULATED OTHER (1)Oil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Profit Loss Before Revenue and Profit Loss (1)Costs and Expenses 25Cash Flows!ITEM 2 UNREGISTERED SALES OF EQ!Three Months Ended March 31 201U } y } $ } U5 0��������� � � � � �������������������BAKER HUGHES INC 10-Q 04/21/2015ITEM 6.EXHIBITS    10.1+ 2 *Baker Hughes Incorporated Annual Incentive  3 +Compensation Plan for employees, as amended  / 'and restated on January 22, 2014 (filed  0 (as Exhibit 10.1 to the Current Report of3+Baker Hughes Incorporated on Form 8-K filedon March 18, 2015). 10.2+.&Amendment to Baker Hughes Incorporated.&Annual Incentive Compensation Plan for3+employees, effective January 1, 2015 (filed0(as Exhibit 10.2 to the Current Report of3+Baker Hughes Incorporated on Form 8-K filedon March 18, 2015). 31.1*-%Certification of Martin S.Craighead,-%Chairman and Chief Executive Officer,/'furnished pursuant to Rule 13a-14(a) of/'the Securities Exchange Act of 1934, asamended. 31.2*0(Certification of Kimberly A.Ross首席金融官 依据1934年证券交易法规则13a-14aCraighead, Chairman�D� l������������~�r�f�B�����U� �����4�����O����{�2�����p������ �!�"�#�$�%�&�'�(�)�*�+�,�-�.�/�  1 )and Chief Executive Officer, and Kimberly!!3!+A.Ross, Chief Financial Officer, furnished""4",pursuant to Rule 13a-14(b) of the Securities##)#!Exchange Act of 1934, as amended. $95*$$Mine Safety Disclosure.%101.INS*%%XBRL Instance Document&101.SCH*&&XBRL Schema Document'101.CAL*'*'"XBRL Calculation Linkbase Document(101.LAB*($(XBRL Label Linkbase Document)101.PRE*)+)#XBRL Presentation Linkbase Document*101.DEF**)*!XBRL Definition Linkbase Document+,$-____________________________1.)Created by Morningstar Document Research.0/(http://documentresearch.morningstar.com/�$ ,��d������O����y�*���������=PF0*8X> �@�//..-- l � ı  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�Baker Hughes IncorporatedTable of ContentsIncome Statement!Consolidated Condensed Statemen Balance SheetConsolidated Condensed (1)Consolidated Condensed (2) Cash Flows!Notes to Unaudited ConsolidatedNotes to Unaudited (1)NOTE 7 EARNINGS PER SHARENOTE 8 INVENTORIESNOTE 9 INTANGIBLE ASSETSNOTE 9 INTANGIBLE (1) NOTE 11 EMPLOYEE BENEFIT PLANS!NOTE 13 ACCUMULATED OTHER COMPR NOTE 13 ACCUMULATED OTHER (1)Oil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Profit Loss Before Revenue and Profit Loss (1)Costs and Expenses 25Cash Flows!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU } -} � } I } � } � } I } $ } � } 0} � } � } y ��������� � � � � �������������BAKER HUGHES INC 10-Q 04/21/2015)!Three Months Ended March 31, 2015               # Mine or Operating Name/MSHA Section Section Section Section Section Proposed Mining Received Received Legal Legal Legal Identification Number 104 S&S 104(b) 104(d)  110(b)(2) 107(a) MSHA Related  Notice of  Notice of Actions Actions Actions   Citations Orders  Citations  Violations Orders Assessments (1)  Fatalities  Pattern of Potential to Have Pending  Initiated Resolved    and        Violations Pattern  as of Last During DuringOrders   Under  Under Day of PeriodPeriod  Section Section Period  104(e) 104(e)  (yes/no) (yes/no)*"Morgan City Grinding Plant/1601357~ ~ ~ ~ ~ ~ ~    N  N~  ~  ~ %Argenta Mine and Mill/2601152 3 (2)~ ~ ~ ~ ~ ~    N  N~  ~  ~ -%Corpus Christi Grinding Plant/4103112~ ~ ~ ~ ~ ~ ~    N  N~  ~  ~ $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�8m �����������y�m�a�U�������������!������'�D�8�,��=PF0*8X> �@�J     Root Entry�������� �F����Book ������������ ��  !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������