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PART I - FINANCIAL INFORMATION     Item 1.(  Financial Statements (Unaudited) ,$Consolidated Condensed Statements of~  0(Income (Loss) (Unaudited) - Three months%ended March 31, 2017 and 2016,$Consolidated Condensed Statements of~ /'Comprehensive Income (Loss) (Unaudited)4,- Three months ended March 31, 2017 and 2016-%Consolidated Condensed Balance Sheets~ 1)(Unaudited) - March 31, 2017 and December31, 2016,$Consolidated Condensed Statements of~ 4,Changes in Equity (Unaudited) - Three months%ended March 31, 2017 and 2016,$Consolidated Condensed Statements of~ �Dl������������}�q�e�A������d�@�������]������l�!�������R���� �!�"�#�$�%�&�'�(�)�*�+�,�-�.�/�0�1�2�3�4�5�6�7�8�9�:�;�<�=�>�?� 3 +Cash Flows (Unaudited) - Three months ended!!March 31, 2017 and 2016"""#1#)Notes to Unaudited Consolidated Condensed~ #$$Financial Statements%%%&Item 2.,&$Management's Discussion and Analysis~ &N'8'0of Financial Condition and Results of Operations((()Item 3.0)(Quantitative and Qualitative Disclosures~ )r**About Market Risk+++,Item 4.,Controls and Procedures~ ,v---. PART II -.OTHER INFORMATION.///0Item 1.0Legal Proceedings~ 0z1112Item 1A.2 Risk Factors~ 2z3334Item 2./4'Unregistered Sales of Equity Securities~ 4z55and Use of Proceeds6667Item 3.'7Defaults Upon Senior Securities~ 7z8889Item 4.9Mine Safety Disclosures~ 9z:::;Item 5.;Other Information~ ;z<<<=Item 6.=Exhibits~ =�>>>?? Signatures~ ?��D l����j������z�2������l�(������d�@������c�?�������g�)����@�A�B�C�D�@A$B____________________________1C)Created by Morningstar Document Research.0D(http://documentresearch.morningstar.com/� P������=PF0*8X> �@�DDCCBB l � ,y<H@  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�Baker Hughes IncorporatedTable of ContentsConsolidated Condensed (1)!Consolidated Condensed Balance Consolidated Condensed (2)Consolidated Condensed (3)Consolidated Condensed (4)!Notes to Unaudited Consolidated!Global Cost Reduction and Restr2017 Oilfield Restructuring!NOTE 4 EQUITY METHOD INVESTMENTNotes 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!22Revenue and Operating Profit 22Revenue and Operating (1)Costs and Expenses Cash Flows!ITEM 2 UNREGISTERED SALES OF EQ31ITEM 6 EXHIBITS!Three Months Ended March 31 201U } �6} $ ,��������� � � � � �������������������BAKER HUGHES INC 10-Q 04/28/2017:2Consolidated Condensed Statements of Income (Loss)         $ Three Months Ended March 31,/ '(In millions, except per share amounts)~ � ~ � Revenue:    Sales~ �  ~ � Services~ n~ � Total revenue~ Z#~ �)Costs and expenses: Cost of sales~  ~ �Cost of services~ f~ � Research and engineering~ �~ �-%Marketing, general and administrative~ �~ >,$Impairment and restructuring charges~ j~ � Merger and related costs~ ~~ � Total costs and expenses~ �#~ v2Operating loss~ ����~ F���Interest expense, net~ v���~ &���1)Loss before income tax and equity in loss~ ����~ j��� of affiliate#Equity in loss of affiliate~ ����Income tax provision~ F���~ F���Net loss~ ����~ ����/'Net loss attributable to noncontrolling~ �D8 l��������t�h�\�P�D�����U����x������'���R���~����_�����m� � �!�"�#�$�%�&�'�(�)�*�+�  interests-!%Net loss attributable to Baker Hughes~ !����!!~ !����!""""5#-Basic and diluted loss per share attributable#333333ӿ###��(\���#$to Baker Hughes%%%% &Cash dividends per share&��(\���?&&&��(\���?&'($)____________________________1*)Created by Morningstar Document Research.0+(http://documentresearch.morningstar.com/�����z�J�����~�������=PF0*8X> �@�b,++**))&&&&####!!!!      l � �N  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�Baker Hughes IncorporatedTable of Contents!Consolidated Condensed Statemen!Consolidated Condensed Balance Consolidated Condensed (2)Consolidated Condensed (3)Consolidated Condensed (4)!Notes to Unaudited Consolidated!Global Cost Reduction and Restr2017 Oilfield Restructuring!NOTE 4 EQUITY METHOD INVESTMENTNotes 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!22Revenue and Operating Profit 22Revenue and Operating (1)Costs and Expenses Cash Flows!ITEM 2 UNREGISTERED SALES OF EQ31ITEM 6 EXHIBITS!Three Months Ended March 31 201U } I;} $ ��������� � � � � ��������������BAKER HUGHES INC 10-Q 04/28/2017H@Consolidated Condensed Statements of Comprehensive Income (Loss)         $ Three Months Ended March 31,  (In millions)~ � ~ � Net loss~ ����  ~ ���� * "Other comprehensive income (loss):   0(Foreign currency translation adjustments~ ^~ 2*Pension and other postretirement benefits,~ ����~   net of tax)!Other comprehensive income (loss)~ Z~ Comprehensive loss~ R���~ ����91Comprehensive loss attributable to noncontrolling~  interests0(Comprehensive loss attributable to Baker~ V���~ ����Hughes$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�:���������f�Z�N�B�6�����a� ���G�����N���u�`���������=PF0*8X> �@��      l � <9^Vi  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�Baker Hughes IncorporatedTable of Contents!Consolidated Condensed StatemenConsolidated Condensed (1)Consolidated Condensed (2)Consolidated Condensed (3)Consolidated Condensed (4)!Notes to Unaudited Consolidated!Global Cost Reduction and Restr2017 Oilfield Restructuring!NOTE 4 EQUITY METHOD INVESTMENTNotes 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!22Revenue and Operating Profit 22Revenue and Operating (1)Costs and Expenses Cash Flows!ITEM 2 UNREGISTERED SALES OF EQ31ITEM 6 EXHIBITS!Three Months Ended March 31 201U } I;} $ <��������� � � � � �������������������BAKER HUGHES INC 10-Q 04/28/2017-%Consolidated Condensed Balance Sheets          (In millions)  March 31,   December 31, ~ � ~ � ASSETS Current assets:   !Cash and cash equivalents~ �A~ rG0(Accounts receivable - less allowance for~ �!~ .#doubtful accounts"(2017 - $396!2016 - $509)Inventories, net~ �~ FOther current assets~ � ~ ^Total current assets~ �~ >�80Property, plant and equipment - less accumulated~ �@~ �B depreciation&(2017 - $6,574!2016 - $6,567)Goodwill~ �?~ �?Intangible assets, net~ �~ � Other assets~ �~ � Total assets~ �#~ j)LIABILITIES AND EQUITYCurrent liabilities:Accounts payable~ ~ .&Short-term debt and current portion of~ ~ �D� l����������u�i�]�Q�����k�Y����A�$�����B���f�N�$���n������X� �!�"�#�$�%�&�'�(�)�*�+�,�-�.�/�0�1�2�3�4�5�6�7�8�9�:�;� long-term debt%!Accrued employee compensation~ !�!!~ !�!"Income taxes payable~ ".""~ ":"!#Other accrued liabilities~ #v##~ #�#!$Total current liabilities~ $J!$$~ $$$%Long-term debt~ %-%%~ %-%7&/Deferred income taxes and other tax liabilities~ &:&&~ &"&9'1Liabilities for pensions and other postretirement~ '� ''~ '� '(benefits)Other liabilities~ )^))~ )f)%*Commitments and contingencies*****+Equity:+++*,"Common stock, one dollar par value~ ,�,,~ ,�,9-1(shares authorized - 750!2017-4262016 - 424)&/Capital in excess of par value~ />i//~ /�h/0Retained earnings~ 0�c00~ 0�f0,1$Accumulated other comprehensive loss~ 16���11~ 1����12Treasury stock~ 2���22~ 2����2)3!Baker Hughes stockholders' equity~ 3��33~ 3��3 4Noncontrolling interests~ 4B44~ 4F45 Total equity~ 5�55~ 5�5$6Total liabilities and equity~ 6�#66~ 6j)678$9____________________________1:)Created by Morningstar Document Research.0;(http://documentresearch.morningstar.com/�<� ��}����S���~������+�����I�&���_�����(���l��������=PF0*8X> �@�C;;::996666555544443333222211110000////,,,,))))''''&&&&%%%%$$$$####""""!!!!      l � ��  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�Baker Hughes IncorporatedTable of Contents!Consolidated Condensed StatemenConsolidated Condensed (1)!Consolidated Condensed Balance Consolidated Condensed (3)Consolidated Condensed (4)!Notes to Unaudited Consolidated!Global Cost Reduction and Restr2017 Oilfield Restructuring!NOTE 4 EQUITY METHOD INVESTMENTNotes to Unaudited (1)NOTE 7 EARNINGS PER SHARENOTE 8 INVENTORIESNOTE 9 INTANGIBLE 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PricesBaker Hughes Rig Count!22Revenue and Operating Profit 22Revenue and Operating (1)Costs and Expenses Cash Flows!ITEM 2 UNREGISTERED SALES OF EQ31ITEM 6 EXHIBITS!Three Months Ended March 31 201U } a/} $ ��������� � � � � �����������������BAKER HUGHES INC 10-Q 04/28/2017>6Consolidated Condensed Statements of Changes in Equity                             ) !Baker Hughes Stockholders' Equity    / '(In millions, except per share amounts)  Common Stock  Capital  Retained   Accumulated  Treasury Stock  Non-controlling   Total Equity       in Excess  Earnings  Other       Interests      of       Comprehensive Par Value      Loss$Balance at December 31, 2015~ �~ vq~  :�  ~  N���~ ����~ R~ ��Comprehensive loss:   Net loss~  ����   ~ ����"Other comprehensive income  ~  ~ 'Activity related to stock plans~ ~ ����   ~ ����~ ���� Stock-based compensation~ �   ~ �( Cash dividends ($0.17 per share)~  ����   ~ ����.&Net activity related to noncontrolling   ~ ����~ ���� interests!Balance at March 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4�45payable16)Receipt of bonds for outstanding accounts~ 6R66~ 667 receivable8$9____________________________1:)Created by Morningstar Document Research.0;(http://documentresearch.morningstar.com/�<� ������6� ���`���v�N���j�X�����#���n�W�����Z�D�8��=PF0*8X> �@��>;;::996666444411110000....,,,,++++))))((((''''&&&&$$$$!!!!        l � ��  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�Baker Hughes IncorporatedTable of Contents!Consolidated Condensed StatemenConsolidated Condensed (1)!Consolidated Condensed Balance Consolidated Condensed (2)Consolidated Condensed (3)Consolidated Condensed (4)!Global Cost Reduction and Restr2017 Oilfield Restructuring!NOTE 4 EQUITY METHOD INVESTMENTNotes 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!22Revenue and Operating Profit 22Revenue and Operating (1)Costs and Expenses Cash Flows!ITEM 2 UNREGISTERED SALES OF EQ31ITEM 6 EXHIBITS!Three Months Ended March 31 201U } �1} $ ��������� � � � � �������BAKER HUGHES INC 10-Q 04/28/2017F>Notes to Unaudited Consolidated Condensed Financial Statements          Three Months Ended  Three Months Ended Restructuring charges March 31, 2017  March 31, 20161 ) Global Cost Reduction and Restructuring~ V  ~ � %  2017 Oilfield Restructuring~     #Total restructuring charges~ j~ �$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�,Y|��������h�\�P�D�8�����#���G���������=PF0*8X> �@�b         l � �  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�Baker Hughes IncorporatedTable of Contents!Consolidated Condensed StatemenConsolidated Condensed (1)!Consolidated Condensed Balance Consolidated Condensed (2)Consolidated Condensed (3)Consolidated Condensed (4)!Notes to Unaudited Consolidated2017 Oilfield Restructuring!NOTE 4 EQUITY METHOD INVESTMENTNotes 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!22Revenue and Operating Profit 22Revenue and Operating (1)Costs and Expenses Cash Flows!ITEM 2 UNREGISTERED SALES OF EQ31ITEM 6 EXHIBITS!Three Months Ended March 31 201U } !} $ ��������� � � � � �������BAKER HUGHES INC 10-Q 04/28/2017/'Global Cost Reduction and Restructuring          Three Months Ended  Three Months Ended  March 31, 2017  March 31, 2016  Workforce reductions~   ~ �   Other~ J  ~ ���� #Total restructuring charges~ V~ �$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�,|���������s�g�[�O�����O�����3�'����=PF0*8X> �@�j          l � ��  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�Baker Hughes IncorporatedTable of 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Research.0(http://documentresearch.morningstar.com/�,|�����������s�g�[�+������r�1�%����=PF0*8X> �@�B     l � ��  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�Baker Hughes IncorporatedTable of Contents!Consolidated Condensed StatemenConsolidated Condensed (1)!Consolidated Condensed Balance Consolidated Condensed (2)Consolidated Condensed (3)Consolidated Condensed (4)!Notes to Unaudited Consolidated!Global Cost Reduction and Restr2017 Oilfield RestructuringNotes 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!22Revenue and Operating Profit 22Revenue and Operating (1)Costs and Expenses Cash Flows!ITEM 2 UNREGISTERED SALES OF EQ31ITEM 6 EXHIBITS!Three Months Ended March 31 201U } -} $ ��������� � � � � ������BAKER HUGHES INC 10-Q 04/28/2017( NOTE 4.EQUITY METHOD INVESTMENT     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UNREGISTERED SALES OF EQ31ITEM 6 EXHIBITS!Three Months Ended March 31 201U } �+} $ ��������� � � � � ����������������BAKER HUGHES INC 10-Q 04/28/2017F>Notes to Unaudited Consolidated Condensed Financial Statements                  Three Months Ended  Three Months Ended  March 31, 2017  March 31, 2016 Segments Revenue * "Operating Profit (Loss) Before Tax  Revenue * "Operating Profit (Loss) Before Tax  North America~ "   ~ ����  ~ �   ~ ~���  Latin America~ &~ R~  V  ~  ����$Europe/Africa/Russia Caspian~ 6~ ~  �   ~  ���� Middle East/Asia Pacific~ V ~ "~  :   ~  �Industrial Services~ �~ ����~  �  ~  ����Total Operations~ Z#~ ~  �)  ~  ���� Corporate~ n���   ~  ����Interest expense, net~ v���   ~  &���,$Impairment and restructuring charges~ ����   ~  ���� Merger and related costs~ ����   ~  j��� Total~ Z#~ ����~  �)  ~  j���$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�> 0��������h�\�P�D�8�x�$����y��� �p���������s���������=PF0*8X> �@�z/                           l � ��  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�Baker Hughes IncorporatedTable of Contents!Consolidated Condensed StatemenConsolidated Condensed (1)!Consolidated Condensed Balance Consolidated Condensed (2)Consolidated Condensed (3)Consolidated Condensed (4)!Notes to Unaudited Consolidated!Global Cost Reduction and Restr2017 Oilfield Restructuring!NOTE 4 EQUITY METHOD INVESTMENTNotes 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!22Revenue and Operating Profit 22Revenue and Operating (1)Costs and Expenses Cash Flows!ITEM 2 UNREGISTERED SALES OF EQ31ITEM 6 EXHIBITS!Three Months Ended March 31 201U } $4} U} $ } U} $ ��������� � � � � ����������BAKER HUGHES INC 10-Q 04/28/2017"NOTE 7.EARNINGS PER SHARE       $ Three Months Ended March 31, ~ � ~ �2 *Weighted average common shares outstanding~ �  ~ � , $for basic and diluted loss per share2*Anti-dilutive shares excluded from diluted~ loss per share (1)3+Future potentially dilutive shares excluded~  ~ 'from diluted loss per share (2)$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�2��������������t�h�\������6����b�D�������n�=PF0*8X> �@�2    l � @   d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�Baker Hughes IncorporatedTable of Contents!Consolidated Condensed StatemenConsolidated Condensed (1)!Consolidated Condensed Balance Consolidated Condensed (2)Consolidated Condensed (3)Consolidated Condensed (4)!Notes to Unaudited Consolidated!Global Cost Reduction and Restr2017 Oilfield Restructuring!NOTE 4 EQUITY METHOD INVESTMENTNotes 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 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