��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%)60%;[Red](0%)7#,##0.00;[Red](#,##0.00)8#,##0;[Red](#,##0)�� +�� )�� ,�� *�� Ј ~~�� ؈ ~~��#؈ ~~��"؈ ~~�� ؈ ~~��8#܈ ~~��<#܈ ~~��<"܈ ~~��4#܈ ~~��3#܈ ~~��"؈ ~~��7#܈ ~~��8"܈ ~~��7"܈ ~~��8��3f��ff��f��̙��̙3f�3��fff��3f3�f333�3�3f33��.NO TITLE��NO TITLE (1)�l2NO TITLE (2)��YNO TITLE (3)�&�~Consolidated Condensed Statemen�&��Recording of Assets Acquired an�&��Pro Forma Impact of the Acquisi�!��NOTE 3 SEGMENT INFORMATION�]�NOTE 3 SEGMENT (1)�.�NOTE 3 SEGMENT (2)� ��NOTE 4 EARNINGS PER SHARE��NOTE 6 INVENTORIES��NOTE 6 INVENTOR (1)�2NOTE 6 INVENTOR (2)��MShortterm Investments��YShortterm Inves (1)�%�gNOTE 10 EMPLOYEE BENEFIT PLANS�$�zNOTE 10 EMPLOYEE BENEFIT (1)�$ݏNOTE 10 EMPLOYEE BENEFIT (2)�$?�NOTE 10 EMPLOYEE BENEFIT (3)�$��NOTE 10 EMPLOYEE BENEFIT (4)�$��NOTE 10 EMPLOYEE BENEFIT (5)�$C�NOTE 10 EMPLOYEE BENEFIT (6)�$�NOTE 10 EMPLOYEE BENEFIT (7)�!�Oil and Natural Gas Prices�t Rig Counts�$>Revenue and Profit Before Tax�%�XRevenue and Profit Before (1)�$NsIndustrial Services and Other�� Market Report��Market Report (1)�w�Market Report (2)�"��Available Credit Facilities��NO TITLE (4)��Available Credit (1)�fNO TITLE (5)��*NO TITLE (6)��?NO TITLE (7) l �I d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�%NO TITLE (1)NO TITLE (2)NO TITLE (3)!Consolidated Condensed Statemen!Recording of Assets Acquired an!Pro Forma Impact of the AcquisiNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 3 SEGMENT (2)NOTE 4 EARNINGS PER SHARENOTE 6 INVENTORIESNOTE 6 INVENTOR (1)NOTE 6 INVENTOR (2)Shortterm InvestmentsShortterm Inves (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)NOTE 10 EMPLOYEE BENEFIT (2)NOTE 10 EMPLOYEE BENEFIT (3)NOTE 10 EMPLOYEE BENEFIT (4)NOTE 10 EMPLOYEE BENEFIT (5)NOTE 10 EMPLOYEE BENEFIT (6)NOTE 10 EMPLOYEE BENEFIT (7)Oil and Natural Gas Prices Rig CountsRevenue and Profit Before Tax Revenue and Profit Before (1)Industrial Services and Other Market ReportMarket Report (1)Market Report (2)Available Credit FacilitiesNO TITLE (4)Available Credit (1)NO TITLE (5)NO TITLE (6)NO TITLE (7)U }�0}$ }�+ �� BAKER HUGHES INC10-Q 11/02/2011NO TITLE 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)$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�0��z�V�J��k�G��~�r�J�=PF0*8X> �@� l �F�%0�1 d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�% NO TITLENO TITLE (2)NO TITLE (3)!Consolidated Condensed Statemen!Recording of Assets Acquired an!Pro Forma Impact of the AcquisiNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 3 SEGMENT (2)NOTE 4 EARNINGS PER SHARENOTE 6 INVENTORIESNOTE 6 INVENTOR (1)NOTE 6 INVENTOR (2)Shortterm InvestmentsShortterm Inves (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)NOTE 10 EMPLOYEE BENEFIT (2)NOTE 10 EMPLOYEE BENEFIT (3)NOTE 10 EMPLOYEE BENEFIT (4)NOTE 10 EMPLOYEE BENEFIT (5)NOTE 10 EMPLOYEE BENEFIT (6)NOTE 10 EMPLOYEE BENEFIT (7)Oil and Natural Gas Prices Rig CountsRevenue and Profit Before Tax Revenue and Profit Before (1)Industrial Services and Other Market ReportMarket Report (1)Market Report (2)Available Credit FacilitiesNO TITLE (4)Available Credit (1)NO TITLE (5)NO TITLE (6)NO TITLE (7)U }@}$ }�}$ F�� BAKER HUGHES INC10-Q 11/02/2011NO TITLE Page No . $ PART I FINANCIAL INFORMATION 0(Item 1.Financial Statements (Unaudited) 80 Consolidated Condensed Statements of~ -%Operations (Unaudited) Three and nine0(months ended September 30, 2011 and 201091 Consolidated Condensed Balance Sheets~ 7/(Unaudited) September 30, 2011 and December 31,~ j80 Consolidated Condensed Statements of~ 0(Cash Flows (Unaudited) Nine months ended#September 30, 2011 and 2010=5 Notes to Unaudited Consolidated Condensed~ Financial Statements4,Item 2.Management s Discussion and Analysis~ :80of Financial Condition and Results of Operations�Dh l��z�>��q� ��c�2��S�� `�,��V�6�� !�"�#�$�%�&�'�(�)�*�+�,�-�.�/�0�1�2�3�4�5�6�7�8�9�:�;�<�=�>�?�8 0Item 3.Quantitative and Qualitative Disclosures ~ b !About Market Risk"""""'#Item 4.Controls and Procedures##~ #b#$$$$$!%PART II OTHER INFORMATION%%%%&&&&&!'Item 1.Legal Proceedings''~ 'f'((((()Item 1A.Risk Factors))~ )f)*****7+/Item 2.Unregistered Sales of Equity Securities++~ +f+,and Use of Proceeds-----/.'Item 3.Defaults Upon Senior Securities..~ .j./////$0Item 4.Removed and Reserved00~ 0j011111!2Item 5.Other Information22~ 2j2333334Item 6.4+4+4+5+5+5+5+#######################################################################################################################################################################################################################################################################################l��u�9��K��|�)��a�%��*��[� ��s�]�I�3��@�A�B�C�D�E�.@& EX-101 DEFINITION LINKBASE DOCUMENTAB$C____________________________1D)Created by Morningstar Document Research.0E(http://documentresearch.morningstar.com/�Sd��=PF0*8X> �@�rEEDDCC@@??>>==<<;;::998877 l �8�JGX d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�% NO TITLENO TITLE (1)NO TITLE (3)!Consolidated Condensed Statemen!Recording of Assets Acquired an!Pro Forma Impact of the AcquisiNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 3 SEGMENT (2)NOTE 4 EARNINGS PER SHARENOTE 6 INVENTORIESNOTE 6 INVENTOR (1)NOTE 6 INVENTOR (2)Shortterm InvestmentsShortterm Inves (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)NOTE 10 EMPLOYEE BENEFIT (2)NOTE 10 EMPLOYEE BENEFIT (3)NOTE 10 EMPLOYEE BENEFIT (4)NOTE 10 EMPLOYEE BENEFIT (5)NOTE 10 EMPLOYEE BENEFIT (6)NOTE 10 EMPLOYEE BENEFIT (7)Oil and Natural Gas Prices Rig CountsRevenue and Profit Before Tax Revenue and Profit Before (1)Industrial Services and Other Market ReportMarket Report (1)Market Report (2)Available Credit FacilitiesNO TITLE (4)Available Credit (1)NO TITLE (5)NO TITLE (6)NO TITLE (7)U }:}$ }� }$ }� } $ }� }$ }� }$ 8�� BAKER HUGHES INC10-Q 11/02/2011NO TITLE Three Months Ended Nine Months Ended September 30, September 30, ~ n~ j ~ n ~ j Revenue: Sales~ ~ � ~ �H ~ �>Services~ �6~ �) ~ � ~ �] Total revenue~ �P~ �? ~ �� ~ � Costs and expenses: Cost of sales~ &~ b ~ &; ~ �0Cost of services~ J(~ v ~ s ~ ^H Research and engineering~ �~ � ~ F ~ -%Marketing, general and administrative~ �~ � ~ � ~ .!Acquisition-related costs~ 2 ~ : Total costs and expenses~ &D~ f9 ~ J� ~ Operating income~ �~ V ~ j ~ ^ Interest expense, net~ ��~ f�� ~ r�� ~ ��D�l��z��7��%��E��;�W�k�r��}�� !�"�#�$�%�&�'�(�)�*�+�,�-�.�/�0�1�2�3�4�5�6�7�, $Loss on early extinguishment of debt ~ b�� ~ b�� !""Income before income taxes""~ ">"""~ "�"" " ~ ":"" "~ "�"#Income taxes##~ #��###~ #F��## # ~ #��## #~ #��#$% Net income%%~ % %%%~ %�%% % ~ %F%% %~ %v%8&0Net income (loss) attributable to noncontrolling&&&&&&&&& & &&& &&&' interests(/)'Net income attributable to Baker Hughes)~ ) ))~ )�)) ~ ) F)) ~ )v)*++++++++++ + +++ +++.,&Basic income per share attributable to,,�Q��?,,,�z�G��?,, , )\��( @,, ,�?,-Baker Hughes.......... . ... ...-/%Diluted income per share attributable//��(\��?///�z�G��?// / @// /�?/0to Baker Hughes1111111111 1 111 111 2Cash dividends per share22333333�?222333333�?22 2 ��?22 2��?234$5____________________________16)Created by Morningstar Document Research.07(http://documentresearch.morningstar.com/�4K ��2�&�H�L�7�+�`�T�� >�2�&��=PF0*8X> �@��776655222222 22////// //,,,,,, ,,)))))) )) l �Huk�{�} d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�% NO TITLENO TITLE (1)NO TITLE (2)!Consolidated Condensed Statemen!Recording of Assets Acquired an!Pro Forma Impact of the AcquisiNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 3 SEGMENT (2)NOTE 4 EARNINGS PER SHARENOTE 6 INVENTORIESNOTE 6 INVENTOR (1)NOTE 6 INVENTOR (2)Shortterm InvestmentsShortterm Inves (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)NOTE 10 EMPLOYEE BENEFIT (2)NOTE 10 EMPLOYEE BENEFIT (3)NOTE 10 EMPLOYEE BENEFIT (4)NOTE 10 EMPLOYEE BENEFIT (5)NOTE 10 EMPLOYEE BENEFIT (6)NOTE 10 EMPLOYEE BENEFIT (7)Oil and Natural Gas Prices Rig CountsRevenue and Profit Before Tax Revenue and Profit Before (1)Industrial Services and Other Market ReportMarket Report (1)Market Report (2)Available Credit FacilitiesNO TITLE (4)Available Credit (1)NO TITLE (5)NO TITLE (6)NO TITLE (7)U }I;}$ }� }$ }U}$ H � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �BAKER HUGHES INC10-Q 11/02/2011NO TITLE September 30, December 31, ~ n ~ j ASSETS Current Assets: !Cash and cash equivalents~ �~ �Short-term investments~ �.&Accounts receivable less allowance for~ �M~ �=4,doubtful accounts (2011 - $223!2010 - $162)Inventories, net~ �/~ �(Deferred income taxes~ �~ �Other current assets~ �~ �Total current assets~ ��~ �80Property, plant and equipment net of accumulated~ �l~ �b3+depreciation (2011 - $5,035!2010 - $4,367)Goodwill~ �\~ �[Intangible assets, net~ Z~ �Other assets~ n ~ NTotal assets~ ~|~ *g�DEl��z��I�=��P��[�� t�h��\�%��'�� ! �" �# �$ �% �& �' �( �) �* �+ �, �- �. �/ �0 �1 �2 �3 �4 �5 �6 �7 �8 �9 �: �; �< �= �> �? � !!!!!!!!!+"#LIABILITIES AND STOCKHOLDERS EQUITY""""""""#########$Current Liabilities:$$$$$$$$%Accounts payable%~ %b%%~ %b%1&)Short-term borrowings and current portion&&~ &�&&&~ &.&'of long-term debt%(Accrued employee compensation((~ (� (((~ (6 ()Income taxes payable))~ )�)))~ )n)!*Other accrued liabilities**~ ****~ *�*+!,Total current liabilities,,~ ,�.,,,~ ,1,-........./Long-term debt//~ /<///~ /�7/70/Deferred income taxes and other tax liabilities00~ 0�000~ 0B0911Liabilities for pensions and other postretirement11~ 1V111~ 1�12benefits3Other liabilities33~ 3Z333~ 3�3%4Commitments and contingencies444444445555555556Stockholders Equity:666666667Common stock77~ 7�777~ 7�7&8Capital in excess of par value88~ 82q888~ 8vm89Retained earnings99~ 9�999~ 9�n9,:$Accumulated other comprehensive loss::~ :��:::~ :r��:;(< Baker Hughes stockholders equity<<~ <��<<<~ <R�<=Noncontrolling interest==~ =f===~ =�=>!?Total stockholders equity??~ ?N�???~ ?:�?�D�l�� b��U�I��H��+��v��l��v��a�U��>�@ �A �B �C �D �E �F �G �@1A)Total liabilities and stockholders equityA~ A~|AA~ A*gABCD$E____________________________1F)Created by Morningstar Document Research.0G(http://documentresearch.morningstar.com/��s�g�[�O�'�=PF0*8X> �@�zGGFFEEAAAA%%%% l �T\�ޠ�� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�% NO TITLENO TITLE (1)NO TITLE (2)NO TITLE (3)!Recording of Assets Acquired an!Pro Forma Impact of the AcquisiNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 3 SEGMENT (2)NOTE 4 EARNINGS PER SHARENOTE 6 INVENTORIESNOTE 6 INVENTOR (1)NOTE 6 INVENTOR (2)Shortterm InvestmentsShortterm Inves (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)NOTE 10 EMPLOYEE BENEFIT (2)NOTE 10 EMPLOYEE BENEFIT (3)NOTE 10 EMPLOYEE BENEFIT (4)NOTE 10 EMPLOYEE BENEFIT (5)NOTE 10 EMPLOYEE BENEFIT (6)NOTE 10 EMPLOYEE BENEFIT (7)Oil and Natural Gas Prices Rig CountsRevenue and Profit Before Tax Revenue and Profit Before (1)Industrial Services and Other Market ReportMarket Report (1)Market Report (2)Available Credit FacilitiesNO TITLE (4)Available Credit (1)NO TITLE (5)NO TITLE (6)NO TITLE (7)U }:}$ }U}$ }U}$ T � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �BAKER HUGHES INC10-Q 11/02/20117/Consolidated Condensed Statements of Cash Flows Nine Months Ended September 30, ~ n~ j- %Cash flows from operating activities: Net income~ F~ v.&Adjustments to reconcile net income to1)net cash flows from operating activities:%Depreciation and amortization~ J~ �&Stock-based compensation costs~ V~ /'Provision (benefit) for deferred income~ "��~ �� taxes"Gain on disposal of assets~ ��~ ��,$Loss on early extinguishment of debt~ �'Provision for doubtful accounts~ 2~ N4,Changes in operating assets and liabilities:Accounts receivable~ ��~ "��Inventories~ ��~ ~��Accounts payable~ �~ �/'Accrued employee compensation and other~ R~ �accrued liabilitiesIncome taxes payable~ ��~ �� Other~ ~ z��Dh l��w�k�_�S��i��t��K��0��l��E��G��0�� ! �" �# �$ �% �& �' �( �) �* �+ �, �- �. �/ �0 �1 �2 �3 �4 �5 �6 �7 �8 �9 �: �; �< �= �> �? � 0!(Net cash flows from operating activities!!~ !� !!!~ ! !"#########-$%Cash flows from investing activities:$$$$$$$$'%Expenditures for capital assets%%~ %6��%%%~ %N��%(& Proceeds from disposal of assets&&~ &^&&&~ &b&*'"Purchase of short-term investments''''''~ '��'.(&Proceeds from maturities of short-term((~ (�((((()investments.*&Acquisition of businesses, net of cash**~ *��***~ *��*+acquired",Other investing items, net,,~ ,:,,,~ ,�,-0.(Net cash flows from investing activities..~ .��...~ .��./000000000-1%Cash flows from financing activities:11111111/2'Net (payments) borrowings of commercial22~ 2^��222~ 2&2'3paper and other short-term debt&4Net proceeds of long-term debt44~ 4�444~ 44#5Repayment of long-term debt55~ 5N��55555-6%Proceeds from termination of interest66~ 6j666667rate swap agreements.8&Proceeds from issuance of common stock88~ 8B888~ 8v89 Dividends99~ 9��999~ 9F��9+:#Purchase of noncontrolling interest::~ :��:::::";Other financing items, net;;~ ;��;;;~ ; ;<0=(Net cash flows from financing activities==~ =r��===~ ==>?????????�D:l��\�P��S��4��c�O��!��V��?��}��b�V��@ �A �B �C �D �E �F �G �H �I �J �K �L �M �N �O �P �Q �R �S �/@'Effect of foreign exchange rate changes@@~ @@@@~ @@Aon cashB8C0Increase (decrease) in cash and cash equivalentsCC~ C��CCC~ C.C/D'Cash and cash equivalents, beginning ofDD~ D�DDD~ D�DEperiodF0G(Cash and cash equivalents, end of periodG~ G�GG~ GGH,I$Supplemental cash flows disclosures:IIIIIIII)J!Income taxes paid, net of refundsJ~ J�JJ~ JJK Interest paidK~ K�KK~ K�K4L,Supplemental disclosure of noncash investingLLLLLLLLMactivities:1N)Capital expenditures included in accountsN~ N:NN~ N�NOpayableP$Q____________________________1R)Created by Morningstar Document Research.0S(http://documentresearch.morningstar.com/�,u|i�V�J��u�i��`��c�L��=PF0*8X> �@��SSRRQQNNNNKKKKJJJJGGGG l �&��4� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�% NO TITLENO TITLE (1)NO TITLE (2)NO TITLE (3)!Consolidated Condensed Statemen!Pro Forma Impact of the AcquisiNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 3 SEGMENT (2)NOTE 4 EARNINGS PER SHARENOTE 6 INVENTORIESNOTE 6 INVENTOR (1)NOTE 6 INVENTOR (2)Shortterm InvestmentsShortterm Inves (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)NOTE 10 EMPLOYEE BENEFIT (2)NOTE 10 EMPLOYEE BENEFIT (3)NOTE 10 EMPLOYEE BENEFIT (4)NOTE 10 EMPLOYEE BENEFIT (5)NOTE 10 EMPLOYEE BENEFIT (6)NOTE 10 EMPLOYEE BENEFIT (7)Oil and Natural Gas Prices Rig CountsRevenue and Profit Before Tax Revenue and Profit Before (1)Industrial Services and Other Market ReportMarket Report (1)Market Report (2)Available Credit FacilitiesNO TITLE (4)Available Credit (1)NO TITLE (5)NO TITLE (6)NO TITLE (7)U }I;}$ }U}$ &�� BAKER HUGHES INC10-Q 11/02/2011<4Recording of Assets Acquired and Liabilities Assumed Fair Values Assets:!Cash and cash equivalents~ � Accounts receivable ~ � Inventories~ �Other current assets~ �%Property, plant and equipment~ �*Intangible assets~ �Goodwill~ �DOther long-term assets~ �Liabilities:91Liabilities for change in control and transaction~ JfeesCurrent liabilities~ "7/Deferred income taxes and other tax liabilities~ RLong-term debt~ N4,Pension and other postretirement liabilities~ j#Other long-term liabilities~ v Noncontrolling interests~ �Net assets acquired~ �k�D� l��r�f�Z�N��=��Q��a� �� L��=�� !�"�#�$�%� !"$#____________________________1$)Created by Morningstar Document Research.0%(http://documentresearch.morningstar.com/�-d��=PF0*8X> �@�2%%$$## l �� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�% NO TITLENO TITLE (1)NO TITLE (2)NO TITLE (3)!Consolidated Condensed Statemen!Recording of Assets Acquired anNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 3 SEGMENT (2)NOTE 4 EARNINGS PER SHARENOTE 6 INVENTORIESNOTE 6 INVENTOR (1)NOTE 6 INVENTOR (2)Shortterm InvestmentsShortterm Inves (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)NOTE 10 EMPLOYEE BENEFIT (2)NOTE 10 EMPLOYEE BENEFIT (3)NOTE 10 EMPLOYEE BENEFIT (4)NOTE 10 EMPLOYEE BENEFIT (5)NOTE 10 EMPLOYEE BENEFIT (6)NOTE 10 EMPLOYEE BENEFIT (7)Oil and Natural Gas Prices Rig CountsRevenue and Profit Before Tax Revenue and Profit Before (1)Industrial Services and Other Market ReportMarket Report (1)Market Report (2)Available Credit FacilitiesNO TITLE (4)Available Credit (1)NO TITLE (5)NO TITLE (6)NO TITLE (7)U }I"}$ �� BAKER HUGHES INC10-Q 11/02/2011+#Pro Forma Impact of the Acquisition Nine Months Ended September 30, 2010 Pro Forma Revenue ~ b� Net income~ �"Basic net income per share= ףp=�?$Diluted net income per share= ףp=�?$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�0��w�k�_�#��g�[�"��D�8�,��=PF0*8X> �@�R l �� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�% NO TITLENO TITLE (1)NO TITLE (2)NO TITLE (3)!Consolidated Condensed Statemen!Recording of Assets Acquired an!Pro Forma Impact of the AcquisiNOTE 3 SEGMENT (1)NOTE 3 SEGMENT (2)NOTE 4 EARNINGS PER SHARENOTE 6 INVENTORIESNOTE 6 INVENTOR (1)NOTE 6 INVENTOR (2)Shortterm InvestmentsShortterm Inves (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)NOTE 10 EMPLOYEE BENEFIT (2)NOTE 10 EMPLOYEE BENEFIT (3)NOTE 10 EMPLOYEE BENEFIT (4)NOTE 10 EMPLOYEE BENEFIT (5)NOTE 10 EMPLOYEE BENEFIT (6)NOTE 10 EMPLOYEE BENEFIT (7)Oil and Natural Gas Prices Rig CountsRevenue and Profit Before Tax Revenue and Profit Before (1)Industrial Services and Other Market ReportMarket Report (1)Market Report (2)Available Credit FacilitiesNO TITLE (4)Available Credit (1)NO TITLE (5)NO TITLE (6)NO TITLE (7)U }$ }�6 �� BAKER HUGHES INC10-Q 11/02/2011#NOTE 3.SEGMENT INFORMATION5-North America (U.S.国土美国Gulf of Mexico and Canada) Latin America $ Europe/Africa/Russia Caspian Middle East/Asia Pacific%Industrial Services and Other$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�2��s�g� ��z�.�"��u�i�A�=PF0*8X> �@� l � � d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�% NO TITLENO TITLE (1)NO TITLE (2)NO TITLE (3)!Consolidated Condensed Statemen!Recording of Assets Acquired an!Pro Forma Impact of the AcquisiNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (2)NOTE 4 EARNINGS PER SHARENOTE 6 INVENTORIESNOTE 6 INVENTOR (1)NOTE 6 INVENTOR (2)Shortterm InvestmentsShortterm Inves (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)NOTE 10 EMPLOYEE BENEFIT (2)NOTE 10 EMPLOYEE BENEFIT (3)NOTE 10 EMPLOYEE BENEFIT (4)NOTE 10 EMPLOYEE BENEFIT (5)NOTE 10 EMPLOYEE BENEFIT (6)NOTE 10 EMPLOYEE BENEFIT (7)Oil and Natural Gas Prices Rig CountsRevenue and Profit Before Tax Revenue and Profit Before (1)Industrial Services and Other Market ReportMarket Report (1)Market Report (2)Available Credit FacilitiesNO TITLE (4)Available Credit (1)NO TITLE (5)NO TITLE (6)NO TITLE (7)U }�+}$ }U}$ }$} $ }U}$ }�}$ �� BAKER HUGHES INC10-Q 11/02/2011#NOTE 3.SEGMENT INFORMATION Three Months Ended Three Months Ended September 30, 2011 September 30, 2010 SegmentsRevenue Profit (loss) Revenue Profit (loss) North America ~ r* ~ ~ ~ Z ~ R Latin America~ �~ ~ � ~ &$Europe/Africa/Russia Caspian~ J ~ � ~ � ~ � Middle East/Asia Pacific~ ~ R ~ z ~ �%Industrial Services and Other~ B~ r ~ Z ~ �Total Operations~ �P~ � ~ �? ~ ^Corporate and Other~ �� ~ *��Interest expense, net~ �� ~ f��,$Loss on early extinguishment of debt~ b�� !Acquisition-related costs ~ �� Total~ �P~ > ~ �? ~ �$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�Dl��s�g��#��"�A�Q�e�t�h��.�"�� =PF0*8X> �@�� l � �� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�% NO TITLENO TITLE (1)NO TITLE (2)NO TITLE (3)!Consolidated Condensed Statemen!Recording of Assets Acquired an!Pro Forma Impact of the AcquisiNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 4 EARNINGS PER SHARENOTE 6 INVENTORIESNOTE 6 INVENTOR (1)NOTE 6 INVENTOR (2)Shortterm InvestmentsShortterm Inves (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)NOTE 10 EMPLOYEE BENEFIT (2)NOTE 10 EMPLOYEE BENEFIT (3)NOTE 10 EMPLOYEE BENEFIT (4)NOTE 10 EMPLOYEE BENEFIT (5)NOTE 10 EMPLOYEE BENEFIT (6)NOTE 10 EMPLOYEE BENEFIT (7)Oil and Natural Gas Prices Rig CountsRevenue and Profit Before Tax Revenue and Profit Before (1)Industrial Services and Other Market ReportMarket Report (1)Market Report (2)Available Credit FacilitiesNO TITLE (4)Available Credit (1)NO TITLE (5)NO TITLE (6)NO TITLE (7)U }�+}$ }� }$ }U} $ }� }$ }$}$ �� BAKER HUGHES INC10-Q 11/02/2011#NOTE 3.SEGMENT INFORMATION Nine Months Ended Nine Months Ended September 30, 2011 September 30, 2010 SegmentsRevenue Profit (loss) Revenue Profit (loss) North America ~ 2t ~ � ~ �D ~ � Latin America~ �~ 6 ~ � ~ ~$Europe/Africa/Russia Caspian~ �%~ � ~ �" ~ Middle East/Asia Pacific~ R ~ � ~ � ~ �%Industrial Services and Other~ �~ 2 ~ � ~ Total Operations~ ��~ �# ~ � ~ Corporate and Other~ �� ~ ��Interest expense, net~ r�� ~ ��,$Loss on early extinguishment of debt~ b�� !Acquisition-related costs ~ �� Total~ ��~ : ~ � ~ �$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�Dl��s�g��%��$�C�S�g�v�j��0�$��=PF0*8X> �@�� l �� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�% NO TITLENO TITLE (1)NO TITLE (2)NO TITLE (3)!Consolidated Condensed Statemen!Recording of Assets Acquired an!Pro Forma Impact of the AcquisiNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 3 SEGMENT (2)NOTE 6 INVENTORIESNOTE 6 INVENTOR (1)NOTE 6 INVENTOR (2)Shortterm InvestmentsShortterm Inves (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)NOTE 10 EMPLOYEE BENEFIT (2)NOTE 10 EMPLOYEE BENEFIT (3)NOTE 10 EMPLOYEE BENEFIT (4)NOTE 10 EMPLOYEE BENEFIT (5)NOTE 10 EMPLOYEE BENEFIT (6)NOTE 10 EMPLOYEE BENEFIT (7)Oil and Natural Gas Prices Rig CountsRevenue and Profit Before Tax Revenue and Profit Before (1)Industrial Services and Other Market ReportMarket Report (1)Market Report (2)Available Credit FacilitiesNO TITLE (4)Available Credit (1)NO TITLE (5)NO TITLE (6)NO TITLE (7)U }U5}$ }U}$ }U} $ }U}$ }U}$ �� BAKER HUGHES INC10-Q 11/02/2011"NOTE 4.EARNINGS PER SHARE Three Months Ended Nine Months Ended September 30, September 30,~ n~ j ~ n ~ j2 *Weighted average common shares outstanding ~ � ~ � ~ � ~ � for basic EPS1)Effect of dilutive securities stock plans~ ~ ~ ~ /'Adjusted weighted average common shares~ �~ � ~ � ~ �#outstanding for diluted EPS 3+Future potentially dilutive shares excluded from diluted EPS:.&Options with an exercise price greater~ ~ ~ ~ 4,than the average market price for the period$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�BX��t�h��=��s�g�i�P�S�G�L�%��M�V�9�?��=PF0*8X> �@�Z l �� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�% NO TITLENO TITLE (1)NO TITLE (2)NO TITLE (3)!Consolidated Condensed Statemen!Recording of Assets Acquired an!Pro Forma Impact of the AcquisiNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 3 SEGMENT (2)NOTE 4 EARNINGS PER SHARENOTE 6 INVENTOR (1)NOTE 6 INVENTOR (2)Shortterm InvestmentsShortterm Inves (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)NOTE 10 EMPLOYEE BENEFIT (2)NOTE 10 EMPLOYEE BENEFIT (3)NOTE 10 EMPLOYEE BENEFIT (4)NOTE 10 EMPLOYEE BENEFIT (5)NOTE 10 EMPLOYEE BENEFIT (6)NOTE 10 EMPLOYEE BENEFIT (7)Oil and Natural Gas Prices Rig CountsRevenue and Profit Before Tax Revenue and Profit Before (1)Industrial Services and Other Market ReportMarket Report (1)Market Report (2)Available Credit FacilitiesNO TITLE (4)Available Credit (1)NO TITLE (5)NO TITLE (6)NO TITLE (7)U }�}$ }U}$ }U}$ � � � � � � � � � � � � � � � � � � � � � � �BAKER HUGHES INC10-Q 11/02/2011NOTE 6.INVENTORIES September 30, December 31, ~ n ~ jFinished goods~ �)~ �# Work in process ~ z ~ � Raw materials~ R~ Total~ �/~ �($____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�2��{�o��n�b��}��s�K�=PF0*8X> �@�Z l ��0 d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�% NO TITLENO TITLE (1)NO TITLE (2)NO TITLE (3)!Consolidated Condensed Statemen!Recording of Assets Acquired an!Pro Forma Impact of the AcquisiNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 3 SEGMENT (2)NOTE 4 EARNINGS PER SHARENOTE 6 INVENTORIESNOTE 6 INVENTOR (2)Shortterm InvestmentsShortterm Inves (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)NOTE 10 EMPLOYEE BENEFIT (2)NOTE 10 EMPLOYEE BENEFIT (3)NOTE 10 EMPLOYEE BENEFIT (4)NOTE 10 EMPLOYEE BENEFIT (5)NOTE 10 EMPLOYEE BENEFIT (6)NOTE 10 EMPLOYEE BENEFIT (7)Oil and Natural Gas Prices Rig CountsRevenue and Profit Before Tax Revenue and Profit Before (1)Industrial Services and Other Market ReportMarket Report (1)Market Report (2)Available Credit FacilitiesNO TITLE (4)Available Credit (1)NO TITLE (5)NO TITLE (6)NO TITLE (7)U }a/}$ }U}$ }� } $ }$}$ }U}$ }$}$ }$}$ �� BAKER HUGHES INC10-Q 11/02/2011NOTE 6.INVENTORIES Europe/ Middle Industrial Africa/ East/ Services North Latin Russia AsiaandAmericaAmerica Caspian Pacific Other Total 'Balance as of December 31, 2010~ �*~ � ~ � ~ � ~ �~ �[/'Purchase price adjustments for previous~ �~ n�� ~ Z ~ Z��~ 2~ 6acquisitionsAcquisitions~ ~ Other adjustments~ �� ~ ��( Balance as of September 30, 2011~ �/~ * ~ � ~ V ~ �~ �\$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�:� ��{�o�C�`��y�=��=PF0*8X> �@� l �!�KrL d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�% NO TITLENO TITLE (1)NO TITLE (2)NO TITLE (3)!Consolidated Condensed Statemen!Recording of Assets Acquired an!Pro Forma Impact of the AcquisiNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 3 SEGMENT (2)NOTE 4 EARNINGS PER SHARENOTE 6 INVENTORIESNOTE 6 INVENTOR (1)Shortterm InvestmentsShortterm Inves (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)NOTE 10 EMPLOYEE BENEFIT (2)NOTE 10 EMPLOYEE BENEFIT (3)NOTE 10 EMPLOYEE BENEFIT (4)NOTE 10 EMPLOYEE BENEFIT (5)NOTE 10 EMPLOYEE BENEFIT (6)NOTE 10 EMPLOYEE BENEFIT (7)Oil and Natural Gas Prices Rig CountsRevenue and Profit Before Tax Revenue and Profit Before (1)Industrial Services and Other Market ReportMarket Report (1)Market Report (2)Available Credit FacilitiesNO TITLE (4)Available Credit (1)NO TITLE (5)NO TITLE (6)NO TITLE (7)U }�*}$ }$}$ }�} $ }�}$ }$}$ }$}$ }�}$ !�� BAKER HUGHES INC10-Q 11/02/2011NOTE 6.INVENTORIES September 30, 2011 December 31, 2010 Gross Less: Gross Less: CarryingAccumulated CarryingAccumulatedAmountAmortization Net AmountAmortizationNet #Definite lived intangibles: Technology~ �~ j ~ ~ ~ �~ �~ Contract-based~ J~ & ~ & ~ R~ .~ &Trade names~ B~ J ~ � ~ R~ J~ Customer relationships~ �~ ~ � ~ �~ �~ "Subtotal~ .~ � ~ R ~ >~ �~ Z%Indefinite-lived intangibles: Trade name~ � ~ � ~ �~ �+#In-process research and development~ j ~ j ~ �~ � Total~ 6~ � ~ Z ~ j~ �~ �$____________________________1)Created by Morningstar Document Research.�D�l��{�o�C��B�|�p�)�/��X�L��y�"��!�� 0 (http://documentresearch.morningstar.com/�H=PF0*8X> �@�� l �Y d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�% NO TITLENO TITLE (1)NO TITLE (2)NO TITLE (3)!Consolidated Condensed Statemen!Recording of Assets Acquired an!Pro Forma Impact of the AcquisiNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 3 SEGMENT (2)NOTE 4 EARNINGS PER SHARENOTE 6 INVENTORIESNOTE 6 INVENTOR (1)NOTE 6 INVENTOR (2)Shortterm Inves (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)NOTE 10 EMPLOYEE BENEFIT (2)NOTE 10 EMPLOYEE BENEFIT (3)NOTE 10 EMPLOYEE BENEFIT (4)NOTE 10 EMPLOYEE BENEFIT (5)NOTE 10 EMPLOYEE BENEFIT (6)NOTE 10 EMPLOYEE BENEFIT (7)Oil and Natural Gas Prices Rig CountsRevenue and Profit Before Tax Revenue and Profit Before (1)Industrial Services and Other Market ReportMarket Report (1)Market Report (2)Available Credit FacilitiesNO TITLE (4)Available Credit (1)NO TITLE (5)NO TITLE (6)NO TITLE (7)U }m)}$ }�} $ �� BAKER HUGHES INC10-Q 11/02/2011Short-term Investments Fair Value Derivative Balance Sheet Location September 30, 2011 December 31, 2010*"Foreign Currency Forward ContractsOther current assets~ ~ * "Foreign Currency Forward Contracts ! Other accrued liabilities ~ " ~ Interest Rate SwapsOther assets~ ~ b $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�,|��x�l��Y��=PF0*8X> �@�b l ��f d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�% NO TITLENO TITLE (1)NO TITLE (2)NO TITLE (3)!Consolidated Condensed Statemen!Recording of Assets Acquired an!Pro Forma Impact of the AcquisiNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 3 SEGMENT (2)NOTE 4 EARNINGS PER SHARENOTE 6 INVENTORIESNOTE 6 INVENTOR (1)NOTE 6 INVENTOR (2)Shortterm Investments NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)NOTE 10 EMPLOYEE BENEFIT (2)NOTE 10 EMPLOYEE BENEFIT (3)NOTE 10 EMPLOYEE BENEFIT (4)NOTE 10 EMPLOYEE BENEFIT (5)NOTE 10 EMPLOYEE BENEFIT (6)NOTE 10 EMPLOYEE BENEFIT (7)Oil and Natural Gas Prices Rig CountsRevenue and Profit Before Tax Revenue and Profit Before (1)Industrial Services and Other Market ReportMarket Report (1)Market Report (2)Available Credit FacilitiesNO TITLE (4)Available Credit (1)NO TITLE (5)NO TITLE (6)NO TITLE (7)U }m)}$ }-}$ �� BAKER HUGHES INC10-Q 11/02/2011Short-term Investments ( Gain (Loss) Recognized in Income Three Months Ended Nine Months Ended September 30, September 30, Derivative( Statement of Operations Location~ n~ j~ n~ j *"Foreign Currency Forward Contracts-%Marketing, general and administrative~ ��~ . ~ ��~ Interest Rate SwapsInterest expense~ ~ ~ "~ 2$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�.��x�l��,��G��c�=PF0*8X> �@�� l �ry d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�% NO TITLENO TITLE (1)NO TITLE (2)NO TITLE (3)!Consolidated Condensed Statemen!Recording of Assets Acquired an!Pro Forma Impact of the AcquisiNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 3 SEGMENT (2)NOTE 4 EARNINGS PER SHARENOTE 6 INVENTORIESNOTE 6 INVENTOR (1)NOTE 6 INVENTOR (2)Shortterm InvestmentsShortterm Inves (1)NOTE 10 EMPLOYEE BENEFIT (1)NOTE 10 EMPLOYEE BENEFIT (2)NOTE 10 EMPLOYEE BENEFIT (3)NOTE 10 EMPLOYEE BENEFIT (4)NOTE 10 EMPLOYEE BENEFIT (5)NOTE 10 EMPLOYEE BENEFIT (6)NOTE 10 EMPLOYEE BENEFIT (7)Oil and Natural Gas Prices Rig CountsRevenue and Profit Before Tax Revenue and Profit Before (1)Industrial Services and Other Market ReportMarket Report (1)Market Report (2)Available Credit FacilitiesNO TITLE (4)Available Credit (1)NO TITLE (5)NO TITLE (6)NO TITLE (7)U }�$}$ }�}$ }�} $ }�}$ }�}$ }�}$ }�}$ �� BAKER HUGHES INC10-Q 11/02/2011'NOTE 10.EMPLOYEE BENEFIT PLANS U.S.养老福利+++++++++Pension Benefits % Other Postretirement Benefits ~ n ~ j ~ n ~ j ~ n ~ jService cost~ *~ " ~ ~ ~ ~ Interest cost ~ ~ ~ " ~ " ~ ~ &Expected return on plan assets~ ��~ �� ~ �� ~ �� Amortization of net loss~ ~ ~ ~ #Net periodic cost (benefit)~ *~ & ~ ~ ~ ~ $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�4��{�o�c�7��Q��=PF0*8X> �@�� l �� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�% NO TITLENO TITLE (1)NO TITLE (2)NO TITLE (3)!Consolidated Condensed Statemen!Recording of Assets Acquired an!Pro Forma Impact of the AcquisiNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 3 SEGMENT (2)NOTE 4 EARNINGS PER SHARENOTE 6 INVENTORIESNOTE 6 INVENTOR (1)NOTE 6 INVENTOR (2)Shortterm InvestmentsShortterm Inves (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (2)NOTE 10 EMPLOYEE BENEFIT (3)NOTE 10 EMPLOYEE BENEFIT (4)NOTE 10 EMPLOYEE BENEFIT (5)NOTE 10 EMPLOYEE BENEFIT (6)NOTE 10 EMPLOYEE BENEFIT (7)Oil and Natural Gas Prices Rig CountsRevenue and Profit Before Tax Revenue and Profit Before (1)Industrial Services and Other Market ReportMarket Report (1)Market Report (2)Available Credit FacilitiesNO TITLE (4)Available Credit (1)NO TITLE (5)NO TITLE (6)NO TITLE (7)U }U5}$ }$}$ }$} $ }$}$ }$}$ }�}$ }�}$ �� BAKER HUGHES INC10-Q 11/02/2011'NOTE 10.EMPLOYEE BENEFIT PLANS Other Postretirement U.S.养老福利+++++++++Pension Benefits Benefits~ n~ j ~ n ~ j~ n~ j Service cost ~ r ~ b ~ ~ ~ ~ Interest cost~ >~ B ~ b ~ R~ ~ "&Expected return on plan assets~ ��~ �� ~ �� ~ ��4,Amortization of prior service cost (benefit) ~ ��~ Amortization of net loss~ ~ & ~ ~ #Net periodic cost (benefit)~ j~ r ~ & ~ .~ *~ B$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�8��{�o�c�7�?�� n��c�=PF0*8X> �@�� l �ʢ d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�% NO TITLENO TITLE (1)NO TITLE (2)NO TITLE (3)!Consolidated Condensed Statemen!Recording of Assets Acquired an!Pro Forma Impact of the AcquisiNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 3 SEGMENT (2)NOTE 4 EARNINGS PER SHARENOTE 6 INVENTORIESNOTE 6 INVENTOR (1)NOTE 6 INVENTOR (2)Shortterm InvestmentsShortterm Inves (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)NOTE 10 EMPLOYEE BENEFIT (3)NOTE 10 EMPLOYEE BENEFIT (4)NOTE 10 EMPLOYEE BENEFIT (5)NOTE 10 EMPLOYEE BENEFIT (6)NOTE 10 EMPLOYEE BENEFIT (7)Oil and Natural Gas Prices Rig CountsRevenue and Profit Before Tax Revenue and Profit Before (1)Industrial Services and Other Market ReportMarket Report (1)Market Report (2)Available Credit FacilitiesNO TITLE (4)Available Credit (1)NO TITLE (5)NO TITLE (6)NO TITLE (7)U }�+}$ }$}$ }�} $ }�}$ }$}$ }$}$ �� BAKER HUGHES INC10-Q 11/02/2011'NOTE 10.EMPLOYEE BENEFIT PLANS - %Three Months Ended September 30, 2011 U.S. Global Non-U.S. Non-U.S. PropertyProperty Hedge Property InsuranceFundFund Funds Fund Contracts Total 'Ending balance at June 30, 2011~ >~ ~ � ~ R~ B~ fPurchases (sales)~ ��~ ~ Unrealized gains (loss) ~ �� ~ ��~ ��)!Transfers from Level 2 to Level 3 ,$Ending balance at September 30, 2011~ "~ ~ � ~ N~ B~ R$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�8.��{�o�c�7�� ^��E��w�k�C�=PF0*8X> �@�� l �� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�% NO TITLENO TITLE (1)NO TITLE (2)NO TITLE (3)!Consolidated Condensed Statemen!Recording of Assets Acquired an!Pro Forma Impact of the AcquisiNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 3 SEGMENT (2)NOTE 4 EARNINGS PER SHARENOTE 6 INVENTORIESNOTE 6 INVENTOR (1)NOTE 6 INVENTOR (2)Shortterm InvestmentsShortterm Inves (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)NOTE 10 EMPLOYEE BENEFIT (2)NOTE 10 EMPLOYEE BENEFIT (4)NOTE 10 EMPLOYEE BENEFIT (5)NOTE 10 EMPLOYEE BENEFIT (6)NOTE 10 EMPLOYEE BENEFIT (7)Oil and Natural Gas Prices Rig CountsRevenue and Profit Before Tax Revenue and Profit Before (1)Industrial Services and Other Market ReportMarket Report (1)Market Report (2)Available Credit FacilitiesNO TITLE (4)Available Credit (1)NO TITLE (5)NO TITLE (6)NO TITLE (7)U }�+}$ }$}$ }�} $ }�}$ }�}$ �� BAKER HUGHES INC10-Q 11/02/2011'NOTE 10.EMPLOYEE BENEFIT PLANS , $Nine Months Ended September 30, 2011 U.S. Global Non-U.S. Non-U.S. PropertyProperty Hedge Property InsuranceFundFund Funds Fund Contracts Total +#Ending balance at December 31, 2010~ :~ ~ ~ N~ B~ �Purchases (sales)~ ��~ ~ Unrealized gains (loss)~ ~ )!Transfers from Level 2 to Level 3 ~ � ~ �,$Ending balance at September 30, 2011~ "~ ~ � ~ N~ B~ R$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�83 ��{�o�c�7��!�_��B��~�r�f�>�=PF0*8X> �@�� l �)�� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�% NO TITLENO TITLE (1)NO TITLE (2)NO TITLE (3)!Consolidated Condensed Statemen!Recording of Assets Acquired an!Pro Forma Impact of the AcquisiNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 3 SEGMENT (2)NOTE 4 EARNINGS PER SHARENOTE 6 INVENTORIESNOTE 6 INVENTOR (1)NOTE 6 INVENTOR (2)Shortterm InvestmentsShortterm Inves (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)NOTE 10 EMPLOYEE BENEFIT (2)NOTE 10 EMPLOYEE BENEFIT (3)NOTE 10 EMPLOYEE BENEFIT (5)NOTE 10 EMPLOYEE BENEFIT (6)NOTE 10 EMPLOYEE BENEFIT (7)Oil and Natural Gas Prices Rig CountsRevenue and Profit Before Tax Revenue and Profit Before (1)Industrial Services and Other Market ReportMarket Report (1)Market Report (2)Available Credit FacilitiesNO TITLE (4)Available Credit (1)NO TITLE (5)NO TITLE (6)NO TITLE (7)U }�8}$ }�}$ }U} $ }� }$ }U}$ }$}$ }� }$ )�� BAKER HUGHES INC10-Q 11/02/2011'NOTE 10.EMPLOYEE BENEFIT PLANS Capital Accumulated in Excess Other Common of Retained ComprehensiveNoncontrolling Stock Par Value Earnings LossInterest Total $Balance at December 31, 2010~ �~ vm ~ �n ~ r��~ �~ :�Comprehensive income: /'Net income attributable to Baker Hughes ~ F 0(Foreign currency translation adjustments ~ ��~ ��0(Defined benefit pension plan, net of tax ~ of ($4)"Total comprehensive income ~ �5-Issuance of common stock pursuant to employee~ ~ � ~ stock plans"Tax benefit on stock plans~ F ~ F&Stock-based compensation costs~ V ~ V( Cash dividends ($0.45 per share) ~ �� ~ ��7/Purchase of subsidiary shares of noncontrolling~ . ~ n��~ �� interests2*Dividends paid to noncontrolling interests ~ ��~ ��0(Capital contribution from noncontrolling ~ "~ "interest, and other4,Change in noncontrolling interest associated ~ ~ �DCl��{�o�c�7�Y��G��>��~�0��j�� !�"�#�$�%�&�'�(�& with purchase price adjustment!%"Balance at September 30, 2011"~ "�""~ "2q"" ~ " �"" ~ "��""~ "f""~ "N�"#$%$&____________________________1')Created by Morningstar Document Research.0((http://documentresearch.morningstar.com/��q�=PF0*8X> �@��((''&&"""""" """""" l �$�� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�% NO TITLENO TITLE (1)NO TITLE (2)NO TITLE (3)!Consolidated Condensed Statemen!Recording of Assets Acquired an!Pro Forma Impact of the AcquisiNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 3 SEGMENT (2)NOTE 4 EARNINGS PER SHARENOTE 6 INVENTORIESNOTE 6 INVENTOR (1)NOTE 6 INVENTOR (2)Shortterm InvestmentsShortterm Inves (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)NOTE 10 EMPLOYEE BENEFIT (2)NOTE 10 EMPLOYEE BENEFIT (3)NOTE 10 EMPLOYEE BENEFIT (4)NOTE 10 EMPLOYEE BENEFIT (6)NOTE 10 EMPLOYEE BENEFIT (7)Oil and Natural Gas Prices Rig CountsRevenue and Profit Before Tax Revenue and Profit Before (1)Industrial Services and Other Market ReportMarket Report (1)Market Report (2)Available Credit FacilitiesNO TITLE (4)Available Credit (1)NO TITLE (5)NO TITLE (6)NO TITLE (7)U }�6}$ }�}$ }$} $ }U}$ }U}$ }U}$ $�� BAKER HUGHES INC10-Q 11/02/2011'NOTE 10.EMPLOYEE BENEFIT PLANS Capital Accumulated in Excess Other Common of Retained ComprehensiveNoncontrolling Stock Par Value Earnings LossInterest Total $Balance at December 31, 2009~ �~ � ~ �e ~ ��~ ~ �qComprehensive income: Net income ~ v 0(Foreign currency translation adjustments ~ ^��-%Defined benefit pension plans, net of ~ Jtax of $(5)"Total comprehensive income ~ 5-Issuance of common stock pursuant to employee~ ~ V ~ Zstock plans.&Issuance of common stock to acquire BJ~ �~ �] ~ b_Services"Tax benefit on stock plans~ ~ &Stock-based compensation costs~ ~ ( Cash dividends ($0.45 per share) ~ F�� ~ F��%Balance at September 30, 2010~ �~ �l ~ zj ~ .��~ ~ ��Dl��{�o�c�7�Y��d��\��z�0��y� �!�"�#� $!____________________________1")Created by Morningstar Document Research.0#(http://documentresearch.morningstar.com/��<��=PF0*8X> �@��##""!! l �5 d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�% NO TITLENO TITLE (1)NO TITLE (2)NO TITLE (3)!Consolidated Condensed Statemen!Recording of Assets Acquired an!Pro Forma Impact of the AcquisiNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 3 SEGMENT (2)NOTE 4 EARNINGS PER SHARENOTE 6 INVENTORIESNOTE 6 INVENTOR (1)NOTE 6 INVENTOR (2)Shortterm InvestmentsShortterm Inves (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)NOTE 10 EMPLOYEE BENEFIT (2)NOTE 10 EMPLOYEE BENEFIT (3)NOTE 10 EMPLOYEE BENEFIT (4)NOTE 10 EMPLOYEE BENEFIT (5)NOTE 10 EMPLOYEE BENEFIT (7)Oil and Natural Gas Prices Rig CountsRevenue and Profit Before Tax Revenue and Profit Before (1)Industrial Services and Other Market ReportMarket Report (1)Market Report (2)Available Credit FacilitiesNO TITLE (4)Available Credit (1)NO TITLE (5)NO TITLE (6)NO TITLE (7)U }�1}$ }� }$ }� }$ � � � � � � � � � � � � � � � � � � � � � �BAKER HUGHES INC10-Q 11/02/2011'NOTE 10.EMPLOYEE BENEFIT PLANS September 30, 2011 December 31, 2010 0(Foreign currency translation adjustments~ n��~ ��1)Pension and other postretirement benefits~ ��~ �� -%Total accumulated other comprehensive~ ��~ r��loss$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�0��{�o�c��s�g��=PF0*8X> �@�J l � d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�% NO TITLENO TITLE (1)NO TITLE (2)NO TITLE (3)!Consolidated Condensed Statemen!Recording of Assets Acquired an!Pro Forma Impact of the AcquisiNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 3 SEGMENT (2)NOTE 4 EARNINGS PER SHARENOTE 6 INVENTORIESNOTE 6 INVENTOR (1)NOTE 6 INVENTOR (2)Shortterm InvestmentsShortterm Inves (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)NOTE 10 EMPLOYEE BENEFIT (2)NOTE 10 EMPLOYEE BENEFIT (3)NOTE 10 EMPLOYEE BENEFIT (4)NOTE 10 EMPLOYEE BENEFIT (5)NOTE 10 EMPLOYEE BENEFIT (6)Oil and Natural Gas Prices Rig CountsRevenue and Profit Before Tax Revenue and Profit Before (1)Industrial Services and Other Market ReportMarket Report (1)Market Report (2)Available Credit FacilitiesNO TITLE (4)Available Credit (1)NO TITLE (5)NO TITLE (6)NO TITLE (7)U }$ }�6 �� BAKER HUGHES INC10-Q 11/02/2011'NOTE 10.EMPLOYEE BENEFIT PLANS5-drilling and evaluation of oil and gas wells; 0 (completion and production of oil and gaswells; . &other industries, including downstream5-refining and process and pipeline industries;+#and reservoir development services.$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�.��{�o�c��l�`� ��Z�N�B��=PF0*8X> �@� l �� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�% NO TITLENO TITLE (1)NO TITLE (2)NO TITLE (3)!Consolidated Condensed Statemen!Recording of Assets Acquired an!Pro Forma Impact of the AcquisiNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 3 SEGMENT (2)NOTE 4 EARNINGS PER SHARENOTE 6 INVENTORIESNOTE 6 INVENTOR (1)NOTE 6 INVENTOR (2)Shortterm InvestmentsShortterm Inves (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)NOTE 10 EMPLOYEE BENEFIT (2)NOTE 10 EMPLOYEE BENEFIT (3)NOTE 10 EMPLOYEE BENEFIT (4)NOTE 10 EMPLOYEE BENEFIT (5)NOTE 10 EMPLOYEE BENEFIT (6)NOTE 10 EMPLOYEE BENEFIT (7) Rig CountsRevenue and Profit Before Tax Revenue and Profit Before (1)Industrial Services and Other Market ReportMarket Report (1)Market Report (2)Available Credit FacilitiesNO TITLE (4)Available Credit (1)NO TITLE (5)NO TITLE (6)NO TITLE (7)U }'}$ }�}$ }� } $ }�}$ }� }$ �� BAKER HUGHES INC10-Q 11/02/2011"Oil and Natural Gas Prices ( Three Months Ended September 30, ' Nine Months Ended September 30, ~ n ~ j ~ n ~ j"WTI oil prices ($/Bbl) (1)��(\�bV@�(\��S@ �G�z�W@ ��Q�eS@$ Brent oil prices ($/Bbl) (2) ��Q\@ ףp=S@ \��(�[@ q= ףPS@ ( Natural gas prices ($/mmBtu) (3) 333333@ ��Q�@ ףp= �@ = ףp=@$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�,j|��t�h��!��=PF0*8X> �@�j l �#C<X= d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�% NO TITLENO TITLE (1)NO TITLE (2)NO TITLE (3)!Consolidated Condensed Statemen!Recording of Assets Acquired an!Pro Forma Impact of the AcquisiNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 3 SEGMENT (2)NOTE 4 EARNINGS PER SHARENOTE 6 INVENTORIESNOTE 6 INVENTOR (1)NOTE 6 INVENTOR (2)Shortterm InvestmentsShortterm Inves (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)NOTE 10 EMPLOYEE BENEFIT (2)NOTE 10 EMPLOYEE BENEFIT (3)NOTE 10 EMPLOYEE BENEFIT (4)NOTE 10 EMPLOYEE BENEFIT (5)NOTE 10 EMPLOYEE BENEFIT (6)NOTE 10 EMPLOYEE BENEFIT (7)Oil and Natural Gas PricesRevenue and Profit Before Tax Revenue and Profit Before (1)Industrial Services and Other Market ReportMarket Report (1)Market Report (2)Available Credit FacilitiesNO TITLE (4)Available Credit (1)NO TITLE (5)NO TITLE (6)NO TITLE (7)U }!}$ }� }$ }� } $ }$}$} $ }� }$ }� }$ }$}$ #�� BAKER HUGHES INC10-Q 11/02/2011 Rig Counts Three Months Ended Nine Months Ended September 30, % September 30, %~ n~ j Change ~ n~ jChange# U.S.land and inland waters ~ � ~ ~ N % ~ 6 ~ � ~ b % U.S.offshore~ �~ J ~ f % ~ z~ �~ �� %Canada~ �~ � ~ ^ % ~ F~ ~ ^ % North America~ J%~ � ~ V % ~ �"~ v~ ^ % Latin America~ �~ ~ : % ~ �~ �~ * % North Sea~ �~ � ~ �� % ~ �~ �~ �� %Continental Europe~ V~ � ~ � % ~ 6~ �~ � %Africa~ ~ R ~ �� % ~ 2~ N~ �� %Middle East~ �~ F ~ % ~ �~ ~ * %Asia Pacific~ �~ R ~ �� % ~ ~ .~ �� %Outside North America~ F~ Z ~ % ~ "~ ~ % Worldwide~ �7~ F0 ~ > % ~ 5~ v-~ F %�D�l��x�L��m�a��y�2�&��P��y�*�� !�"�$ ____________________________1!)Created by Morningstar Document Research.0"(http://documentresearch.morningstar.com/� �(��=PF0*8X> �@�z""!! l �KW d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�% NO TITLENO TITLE (1)NO TITLE (2)NO TITLE (3)!Consolidated Condensed Statemen!Recording of Assets Acquired an!Pro Forma Impact of the AcquisiNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 3 SEGMENT (2)NOTE 4 EARNINGS PER SHARENOTE 6 INVENTORIESNOTE 6 INVENTOR (1)NOTE 6 INVENTOR (2)Shortterm InvestmentsShortterm Inves (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)NOTE 10 EMPLOYEE BENEFIT (2)NOTE 10 EMPLOYEE BENEFIT (3)NOTE 10 EMPLOYEE BENEFIT (4)NOTE 10 EMPLOYEE BENEFIT (5)NOTE 10 EMPLOYEE BENEFIT (6)NOTE 10 EMPLOYEE BENEFIT (7)Oil and Natural Gas Prices Rig Counts Revenue and Profit Before (1)Industrial Services and Other Market ReportMarket Report (1)Market Report (2)Available Credit FacilitiesNO TITLE (4)Available Credit (1)NO TITLE (5)NO TITLE (6)NO TITLE (7)U }y#}$ }U}$ }U} $ }U}$ }$}$}$ }� }$ }� }$ }U}$ }$} $ !!�!�!�!�!�!�!�!�!� !� !�!�!� !�!�!�!�!�!�!�!�!�!�!�!�!�!�BAKER HUGHES INC10-Q 11/02/2011%Revenue and Profit Before Tax Three Months Ended Nine Months Ended September 30, Increase September 30, Increase ~ n~ j (decrease) % Change~ n~ j (decrease)% Change Revenue: North America~ r*~ Z ~ ~ � %~ 2t~ �D~ F/~ % Latin America~ �~ � ~ & ~ � %~ �~ �~ �~ � %$Europe/Africa/Russia Caspian~ J ~ � ~ v ~ 2 %~ �%~ �"~ Z~ * % Middle East/Asia Pacific~ ~ z ~ � ~ F %~ R ~ �~ z~ z %%Industrial Services and Other~ B~ Z ~ � ~ V %~ �~ � ~ �~ � % Total~ �P~ �? ~ 2 ~ n %~ ��~ �~ �E~ � %$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�:��}�q�e��t��f��;�/��=PF0*8X> �@�� l ��q d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�% NO TITLENO TITLE (1)NO TITLE (2)NO TITLE (3)!Consolidated Condensed Statemen!Recording of Assets Acquired an!Pro Forma Impact of the AcquisiNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 3 SEGMENT (2)NOTE 4 EARNINGS PER SHARENOTE 6 INVENTORIESNOTE 6 INVENTOR (1)NOTE 6 INVENTOR (2)Shortterm InvestmentsShortterm Inves (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)NOTE 10 EMPLOYEE BENEFIT (2)NOTE 10 EMPLOYEE BENEFIT (3)NOTE 10 EMPLOYEE BENEFIT (4)NOTE 10 EMPLOYEE BENEFIT (5)NOTE 10 EMPLOYEE BENEFIT (6)NOTE 10 EMPLOYEE BENEFIT (7)Oil and Natural Gas Prices Rig CountsRevenue and Profit Before TaxIndustrial Services and Other Market ReportMarket Report (1)Market Report (2)Available Credit FacilitiesNO TITLE (4)Available Credit (1)NO TITLE (5)NO TITLE (6)NO TITLE (7)U }y#}$ }$}$ }�} $ }$}$ }$}$}$ }U}$ }$}$ }U}$ }U} $ !!�!�!�!�!�!�!�!�!� !� !�!�!� !�!�!�!�!�!�!�!�!�!�!�!�!�!�BAKER HUGHES INC10-Q 11/02/2011%Revenue and Profit Before Tax Three Months Ended Nine Months Ended September 30, Increase September 30, Increase ~ n~ j (decrease) % Change~ n~ j (decrease)% Change Profit Before Tax: North America~ ~ ~ R ~ . ~ > %~ �~ � ~ �~ � % Latin America~ ~ & ~ � ~ � %~ 6~ ~~ �~ � %$Europe/Africa/Russia Caspian~ �~ � ~ � ~ � %~ �~ ~ �~ b % Middle East/Asia Pacific~ R~ � ~ � ~ � %~ �~ �~ :~ %%Industrial Services and Other~ r~ � ~ �� ~ �� %~ 2~ ~ ~ % Total~ � ~ ^ ~ � ~ j %~ �#~ ~ �~ � %$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�:��}�q�e��j��\��1�%��~�=PF0*8X> �@�� l �� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�% NO TITLENO TITLE (1)NO TITLE (2)NO TITLE (3)!Consolidated Condensed Statemen!Recording of Assets Acquired an!Pro Forma Impact of the AcquisiNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 3 SEGMENT (2)NOTE 4 EARNINGS PER SHARENOTE 6 INVENTORIESNOTE 6 INVENTOR (1)NOTE 6 INVENTOR (2)Shortterm InvestmentsShortterm Inves (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)NOTE 10 EMPLOYEE BENEFIT (2)NOTE 10 EMPLOYEE BENEFIT (3)NOTE 10 EMPLOYEE BENEFIT (4)NOTE 10 EMPLOYEE BENEFIT (5)NOTE 10 EMPLOYEE BENEFIT (6)NOTE 10 EMPLOYEE BENEFIT (7)Oil and Natural Gas Prices Rig CountsRevenue and Profit Before Tax Revenue and Profit Before (1) Market ReportMarket Report (1)Market Report (2)Available Credit FacilitiesNO TITLE (4)Available Credit (1)NO TITLE (5)NO TITLE (6)NO TITLE (7)U }-}$ }� }$ }U}$} $ }� }$ }U}$}$ }�}$ }U}$}$ }� }$ }U} $ !!�!�!�!�!�!�!�!�!� !� !�!�!� !�!�!�!�!�!�!�!�BAKER HUGHES INC10-Q 11/02/2011%Industrial Services and Other ( Three Months Ended September 30, ' Nine Months Ended September 30, ~ n ~ j ~ n ~ jRevenue~ �P~ � % ~ �? ~ � %~ ��~ � %~ �~ � % Cost of revenue ~ n= ~ 2 % ~ �1 ~ : % ~ *� ~ 6 % ~ Ny ~ : % Research and engineering~ �~ % ~ � ~ %~ F~ %~ ~ %-%Marketing, general and administrative~ �~ % ~ � ~ & %~ � ~ %~ .~ * %$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�.��}�q�e��^��g��;�/�#��=PF0*8X> �@�j l �GΖ�� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�% NO TITLENO TITLE (1)NO TITLE (2)NO TITLE (3)!Consolidated Condensed Statemen!Recording of Assets Acquired an!Pro Forma Impact of the AcquisiNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 3 SEGMENT (2)NOTE 4 EARNINGS PER SHARENOTE 6 INVENTORIESNOTE 6 INVENTOR (1)NOTE 6 INVENTOR (2)Shortterm InvestmentsShortterm Inves (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)NOTE 10 EMPLOYEE BENEFIT (2)NOTE 10 EMPLOYEE BENEFIT (3)NOTE 10 EMPLOYEE BENEFIT (4)NOTE 10 EMPLOYEE BENEFIT (5)NOTE 10 EMPLOYEE BENEFIT (6)NOTE 10 EMPLOYEE BENEFIT (7)Oil and Natural Gas Prices Rig CountsRevenue and Profit Before Tax Revenue and Profit Before (1)Industrial Services and OtherMarket Report (1)Market Report (2)Available Credit FacilitiesNO TITLE (4)Available Credit (1)NO TITLE (5)NO TITLE (6)NO TITLE (7)U }$ }�= G�� BAKER HUGHES INC10-Q 11/02/2011 Market Report4,Worldwide Economic Growth The global economy - %is continuing its expansion following 3 +the recession of 2008/2009.经济成长+++++++++++++++++++While important in terms of total,$consumption, the developed economies4,of OECD countries are expected to experience-%relatively modest economic growth and7/will not contribute meaningfully to incremental/'oil or natural gas demand.In contrast,-%the emerging and developing countries3+outside the OECD are expected to drive most1)of the world s incremental energy demand.2*As of the third quarter 2011, the risks to-%the global economic recovery continue2*to be the sovereign and financial troubles4,within the Euro area and policies to redress3+fiscal imbalances in the advanced economiesin general.;3Demand for Hydrocarbons The IEA in its October 20115-Oil Market Report said that it expects global6.demand for oil to increase one million barrels�D l��u��i��\��W��L��>��3��.� �!�"�#�$�%�&�'�(�)�*�+�,�-�.�/�0�1�2�3�4�5�6�7�8�9�:�;�<�=�>�?� 9 1per day in 2011 relative to 2010.While forecasts!!!7!/by IEA, EIA and OPEC have been revised modestly"""/"'lower in the past few months, primarily###:#2as a reaction to higher oil prices and uncertainty$$$.$&regarding the strength of the economic%%%1%)recovery, the expected increase in demand&&&/&'for hydrocarbons is expected to support'''5'-increased spending to develop oil and natural((((gas resources.)***/*'Production of Hydrocarbons Global spare+++1+)production capacity is relatively limited,,,3,+and is proving to be inadequate to decouple---7-/oil prices from geopolitical supply disruptions.....&throughout North Africa and the Middle///7//East.Several key OPEC countries have announced000/0'plans to increase their exploration and11101(development efforts to develop resources222/2'to meet the expected increase in global33313)demand.In response to higher oil prices,444/4'certain OPEC countries have stated they555*5"will increase productive capacity.677727*Oil and Natural Gas Prices With oil prices888,8$trading between $80/Bbl and $100/Bbl99919)most resource plays will provide adequate:::4:,returns to encourage incremental investment.;;;0;(In North America, natural gas prices are<<<1<)lower, on a Btu-equivalent basis, but are===.=&supporting attractive returns in those>>>0>(conventional and unconventional resource???.?&plays with relatively high portions of�D�l��@��1��$��*��p��d��\��M��D��=�@�A�B�C�D�E�F�@@@3@+associated crude oil or natural gas liquidsAAAAproduction.BC$D____________________________1E)Created by Morningstar Document Research.0F(http://documentresearch.morningstar.com/��x��j�^�R�*�=PF0*8X> �@�FFEEDD l �а d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�% NO TITLENO TITLE (1)NO TITLE (2)NO TITLE (3)!Consolidated Condensed Statemen!Recording of Assets Acquired an!Pro Forma Impact of the AcquisiNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 3 SEGMENT (2)NOTE 4 EARNINGS PER SHARENOTE 6 INVENTORIESNOTE 6 INVENTOR (1)NOTE 6 INVENTOR (2)Shortterm InvestmentsShortterm Inves (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)NOTE 10 EMPLOYEE BENEFIT (2)NOTE 10 EMPLOYEE BENEFIT (3)NOTE 10 EMPLOYEE BENEFIT (4)NOTE 10 EMPLOYEE BENEFIT (5)NOTE 10 EMPLOYEE BENEFIT (6)NOTE 10 EMPLOYEE BENEFIT (7)Oil and Natural Gas Prices Rig CountsRevenue and Profit Before Tax Revenue and Profit Before (1)Industrial Services and Other Market ReportMarket Report (2)Available Credit FacilitiesNO TITLE (4)Available Credit (1)NO TITLE (5)NO TITLE (6)NO TITLE (7)U }�}$ }�}$ }�}$ � � � � � � � � � � � � � � � � � � �BAKER HUGHES INC10-Q 11/02/2011 Market Report ~ n ~ j Operating activities~ � ~ Investing activities~ ��~ �� Financing activities ~ r�� ~ $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�*�h��u� ��Q��I�=�1� �=PF0*8X> �@�: l �3E�� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�% NO TITLENO TITLE (1)NO TITLE (2)NO TITLE (3)!Consolidated Condensed Statemen!Recording of Assets Acquired an!Pro Forma Impact of the AcquisiNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 3 SEGMENT (2)NOTE 4 EARNINGS PER SHARENOTE 6 INVENTORIESNOTE 6 INVENTOR (1)NOTE 6 INVENTOR (2)Shortterm InvestmentsShortterm Inves (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)NOTE 10 EMPLOYEE BENEFIT (2)NOTE 10 EMPLOYEE BENEFIT (3)NOTE 10 EMPLOYEE BENEFIT (4)NOTE 10 EMPLOYEE BENEFIT (5)NOTE 10 EMPLOYEE BENEFIT (6)NOTE 10 EMPLOYEE BENEFIT (7)Oil and Natural Gas Prices Rig CountsRevenue and Profit Before Tax Revenue and Profit Before (1)Industrial Services and Other Market ReportMarket Report (1)Available Credit FacilitiesNO TITLE (4)Available Credit (1)NO TITLE (5)NO TITLE (6)NO TITLE (7)U }$ }I; 3�� BAKER HUGHES INC10-Q 11/02/2011 Market Report/'An increase in accounts receivable used / 'cash of $1,107 million and $504 million 3 +in the nine months ended September 30, 2011.&and 2010, respectively, resulting from.&revenue growth.The change in accounts 3 +receivable was primarily due to an increase5-in activity and an increase in the days sales2*outstanding (defined as the average number91of days our net trade receivables are outstanding4,based on quarterly revenue) of approximately3+5 days due primarily to temporary invoicing0(delays resulting from the implementation7/of our enterprise wide software for BJ Servicesin North America./'Inventory used cash of $463 million and7/$161 million in the nine months ended September/'30, 2011 and 2010, respectively, driven.&by higher inventory levels required to3+support anticipated increases in productionvolume.0(An increase in accounts payable provided0(cash of $183 million and $177 million in�D� l��u��l��e��M��>��;��/�� !�"�#�$�%�&�'�(�)�*�+�,�-�.�/�0�1�2� 0 (the nine months ended September 30, 2011!!!.!&and 2010, respectively, resulting from"""2"*an increase in operating assets to support####increased activity.$%%%/%'A decrease in income taxes payable used&&&3&+cash of $189 million and $68 million in the'''0'(nine months ended September 30, 2011 and(((.(&2010, respectively.This change is due)))0)(primarily to an increase in income taxes***0*(paid of $418 million partially offset by+++0+(the increase in the provision for income,,,7,/taxes in the first nine months of 2011 compared---#-to the same period in 2010../$0____________________________11)Created by Morningstar Document Research.02(http://documentresearch.morningstar.com/�*�h��R��R��I��A��W�=PF0*8X> �@�221100 l �� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�% NO TITLENO TITLE (1)NO TITLE (2)NO TITLE (3)!Consolidated Condensed Statemen!Recording of Assets Acquired an!Pro Forma Impact of the AcquisiNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 3 SEGMENT (2)NOTE 4 EARNINGS PER SHARENOTE 6 INVENTORIESNOTE 6 INVENTOR (1)NOTE 6 INVENTOR (2)Shortterm InvestmentsShortterm Inves (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)NOTE 10 EMPLOYEE BENEFIT (2)NOTE 10 EMPLOYEE BENEFIT (3)NOTE 10 EMPLOYEE BENEFIT (4)NOTE 10 EMPLOYEE BENEFIT (5)NOTE 10 EMPLOYEE BENEFIT (6)NOTE 10 EMPLOYEE BENEFIT (7)Oil and Natural Gas Prices Rig CountsRevenue and Profit Before Tax Revenue and Profit Before (1)Industrial Services and Other Market ReportMarket Report (1)Market Report (2)NO TITLE (4)Available Credit (1)NO TITLE (5)NO TITLE (6)NO TITLE (7)U }�}$ }�}$ }� }$ }�}$ �� BAKER HUGHES INC10-Q 11/02/2011#Available Credit Facilities - %Issuer Purchases of Equity Securities Maximum Total Number Number (or of Shares Approximate Purchased as Dollar Value) of Part of a Total NumberShares that MayTotal Number Average Price Publicly Average Price of SharesYet Be Purchased of SharesPaid Per Share Announced Paid Per SharePurchased in Under thePeriod Purchased (1)~ !�� Program (2) ~ !�� the AggregateProgram (3)July 1-31, 2011~ "zףp= �S@ ~ ~ "z~ August 1-31, 2011~ �� G�zNM@ ~ ��September 1-30, 2011~ � ��J@ ~ � Total~ �0��̌R@ ~ ~ �0��A$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�@�D��s�g�;� �� S�G�(��=PF0*8X> �@�2& l �!��-� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�% NO TITLENO TITLE (1)NO TITLE (2)NO TITLE (3)!Consolidated Condensed Statemen!Recording of Assets Acquired an!Pro Forma Impact of the AcquisiNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 3 SEGMENT (2)NOTE 4 EARNINGS PER SHARENOTE 6 INVENTORIESNOTE 6 INVENTOR (1)NOTE 6 INVENTOR (2)Shortterm InvestmentsShortterm Inves (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)NOTE 10 EMPLOYEE BENEFIT (2)NOTE 10 EMPLOYEE BENEFIT (3)NOTE 10 EMPLOYEE BENEFIT (4)NOTE 10 EMPLOYEE BENEFIT (5)NOTE 10 EMPLOYEE BENEFIT (6)NOTE 10 EMPLOYEE BENEFIT (7)Oil and Natural Gas Prices Rig CountsRevenue and Profit Before Tax Revenue and Profit Before (1)Industrial Services and Other Market ReportMarket Report (1)Market Report (2)Available Credit FacilitiesAvailable Credit (1)NO TITLE (5)NO TITLE (6)NO TITLE (7)U }U}$ }: !�� BAKER HUGHES INC10-Q 11/02/2011NO TITLE~ �� 2 *Represents shares purchased from employees 0 (to pay the option exercise price related.&to stock-for-stock exchanges in option3+exercises or to satisfy the tax withholding 2 *obligations in connection with the vesting1)of restricted stock awards and restrictedstock units.~ ��.&There were no share repurchases during2*the three months ended September 30, 2011.~ ��/'Our Board of Directors has authorized a0(plan to repurchase our common stock from3+time to time.serve30,2011年9月30日, 我们没有回购公共股We had authorization0(remaining to repurchase up to a total of0(approximately $1.2 billion of our commonstock.$____________________________1)Created by Morningstar Document Research.�D�l��z�V��p�!��V�J��W��o��Y�M�A� �0 (http://documentresearch.morningstar.com/�H=PF0*8X> �@� l �Ov�� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�% NO TITLENO TITLE (1)NO TITLE (2)NO TITLE (3)!Consolidated Condensed Statemen!Recording of Assets Acquired an!Pro Forma Impact of the AcquisiNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 3 SEGMENT (2)NOTE 4 EARNINGS PER SHARENOTE 6 INVENTORIESNOTE 6 INVENTOR (1)NOTE 6 INVENTOR (2)Shortterm InvestmentsShortterm Inves (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)NOTE 10 EMPLOYEE BENEFIT (2)NOTE 10 EMPLOYEE BENEFIT (3)NOTE 10 EMPLOYEE BENEFIT (4)NOTE 10 EMPLOYEE BENEFIT (5)NOTE 10 EMPLOYEE BENEFIT (6)NOTE 10 EMPLOYEE BENEFIT (7)Oil and Natural Gas Prices Rig CountsRevenue and Profit Before Tax Revenue and Profit Before (1)Industrial Services and Other Market ReportMarket Report (1)Market Report (2)Available Credit FacilitiesNO TITLE (4)NO TITLE (5)NO TITLE (6)NO TITLE (7)U }y }$ }y< O�� BAKER HUGHES INC10-Q 11/02/2011#Available Credit Facilities "ffffff@ 5 -First Supplemental Indenture dated August 17,.&2011 between Baker Hughes Incorporated6.and The Bank of New York Mellon Trust Company, / 'N.A., as trustee (including form of the3+Notes) (filed as Exhibit 4.2 to the Current.&Report of Baker Hughes Incorporated on+#Form 8-K filed on August 23, 2011)."333333$@0(Purchase Agreement dated August 10, 20110(among Baker Hughes Incorporated and J.P.0(Morgan Securities LLC and Merrill Lynch,-%Pierce, Fenner Smith Incorporated, as.&representatives of the several initial7/purchasers named therein (filed as Exhibit 10.1:2to the Current Report of Baker Hughes Incorporated.&on Form 8-K filed on August 15, 2011)."ffffff$@6.Registration Rights Agreement dated August 17,,$2011 among Baker Hughes Incorporated2*and J.P.Morgan Securities LLC and Merrill1)Lynch, Pierce, Fenner Smith Incorporated,1)as representatives of the several initial�D� l��s�g�C�7��D��`��W��x�%��a� ��s� �!�"�#�$�%�&�'�(�)�*�+�,�-�.�/�0�1�2�3�4�5�6�7�8�9�:�;�<�=�>�?� 7 /purchasers named therein (filed as Exhibit 10.1!!:!2to the Current Report of Baker Hughes Incorporated""."&on Form 8-K filed on August 23, 2011).###$"��$@$2$*Credit Agreement dated as of September 13,%%.%&2011, among Baker Hughes Incorporated,&&4&,JPMorgan Chase Bank, N.A., as Administrative''-'%Agent and twenty-one lenders for $2.5((/('billion, in the aggregate for all banks))4),(filed as Exhibit 10.1 to the Current Report**0*(of Baker Hughes Incorporated on Form 8-K++%+filed on September 15, 2011).,,, -31.1*-.-&Certification of Chad C.Deaton, Chief..-.%Executive Officer, furnished pursuant//4/,to Rule 13a-14(a) of the Securities Exchange00 0Act of 1934, as amended.111 231.2*202(Certification of Peter A.Ragauss, Chief33-3%Financial Officer, furnished pursuant4444,to Rule 13a-14(a) of the Securities Exchange55 5Act of 1934, as amended.666732*747,Statement of Chad C.德顿首席执行官#8#8#8#Officer和PeterARagauss, Chief Financial9959-Officer, furnished pursuant to Rule 13a-14(b)::/:'of the Securities Exchange Act of 1934,;;;as amended.<<< =99.1*==Mine Safety Disclosure.>>>?101.INS*??XBRL Instance Document�D� l��W� ��K��g��f��~�B��4��/��d�@��@�A�B�C�D�E�F�G�H�I�J�K�L�M�N�@@@A101.SCH*AAXBRL Schema DocumentBBBC101.CAL*C*C"XBRL Calculation Linkbase DocumentDDDE101.LAB*E$EXBRL Label Linkbase DocumentFFFG101.PRE*G+G#XBRL Presentation Linkbase DocumentHHHI101.DEF*I)I!XBRL Definition Linkbase DocumentJK$L____________________________1M)Created by Morningstar Document Research.0N(http://documentresearch.morningstar.com/�"��x�*��K�'��=PF0*8X> �@�NNMMLL l �@* d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�% NO TITLENO TITLE (1)NO TITLE (2)NO TITLE (3)!Consolidated Condensed Statemen!Recording of Assets Acquired an!Pro Forma Impact of the AcquisiNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 3 SEGMENT (2)NOTE 4 EARNINGS PER SHARENOTE 6 INVENTORIESNOTE 6 INVENTOR (1)NOTE 6 INVENTOR (2)Shortterm InvestmentsShortterm Inves (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)NOTE 10 EMPLOYEE BENEFIT (2)NOTE 10 EMPLOYEE BENEFIT (3)NOTE 10 EMPLOYEE BENEFIT (4)NOTE 10 EMPLOYEE BENEFIT (5)NOTE 10 EMPLOYEE BENEFIT (6)NOTE 10 EMPLOYEE BENEFIT (7)Oil and Natural Gas Prices Rig CountsRevenue and Profit Before Tax Revenue and Profit Before (1)Industrial Services and Other Market ReportMarket Report (1)Market Report (2)Available Credit FacilitiesNO TITLE (4)Available Credit (1)NO TITLE (6)NO TITLE (7)U }$ }�8 @�� BAKER HUGHES INC10-Q 11/02/2011NO TITLE/'total number of violations of mandatory - %health or safety standards that could 2 *significantly and substantially contribute3+to the cause and effect of a mine safety or3+health hazard under section 104 of the Mine 1 )Act for which we have received a citation from MSHA;3+total number of orders issued under section7/104(b) of the Mine Act, which covers violations4,that had previously been cited under section.&104(a) that, upon follow-up inspection3+by MSHA, are found not to have been totally1)abated within the prescribed time period,1)which results in the issuance of an order2*requiring the mine operator to immediately7/withdraw all persons (except certain authorizedpersons) from the mine;0(total number of citations and orders for2*unwarrantable failure of the mine operator1)to comply with mandatory health or safety2*standards under section 104(d) of the MineAct;�D l��z�#��t��e�+��e� ��X��L��B�� !�"�#�$�%�&�'�(�)�*�+�,�-�.�/�0�1�2�3�4�5�6�7�8�9�:�;�<�=�>�?� !!!2!*total number of flagrant violations (i.e.,"""7"/reckless or repeated failure to make reasonable###.#&efforts to eliminate a known violation$$$0$(of a mandatory health or safety standard%%%2%*that substantially and proximately caused,&&&.&&or reasonably could have been expected'''1')to cause, death or serious bodily injury)(((0((under section 110(b)(2) of the Mine Act;)***.*&total number of imminent danger orders+++0+((i.e., the existence of any condition or,,,1,)practice in a mine which could reasonably---6-.be expected to cause death or serious physical.....&harm before such condition or practice///2/*can be abated) issued under section 107(a)0000of the Mine Act;122222*total dollar value of proposed assessments333%3from MSHA under the Mine Act;455525*total number of mining-related fatalities;6666and788848,total number of pending legal actions before99919)the Federal Mine Safety and Health Review:::':Commission involving such mine.;<$=____________________________1>)Created by Morningstar Document Research.0?(http://documentresearch.morningstar.com/�D� l��;��3��,� ��r��e��e��s��o�c�W�/�=PF0*8X> �@�??>>== l �h> d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�% NO TITLENO TITLE (1)NO TITLE (2)NO TITLE (3)!Consolidated Condensed Statemen!Recording of Assets Acquired an!Pro Forma Impact of the AcquisiNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 3 SEGMENT (2)NOTE 4 EARNINGS PER SHARENOTE 6 INVENTORIESNOTE 6 INVENTOR (1)NOTE 6 INVENTOR (2)Shortterm InvestmentsShortterm Inves (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)NOTE 10 EMPLOYEE BENEFIT (2)NOTE 10 EMPLOYEE BENEFIT (3)NOTE 10 EMPLOYEE BENEFIT (4)NOTE 10 EMPLOYEE BENEFIT (5)NOTE 10 EMPLOYEE BENEFIT (6)NOTE 10 EMPLOYEE BENEFIT (7)Oil and Natural Gas Prices Rig CountsRevenue and Profit Before Tax Revenue and Profit Before (1)Industrial Services and Other Market ReportMarket Report (1)Market Report (2)Available Credit FacilitiesNO TITLE (4)Available Credit (1)NO TITLE (5)NO TITLE (7)U }�}$ }$} $ !!�!�!�!�!�!�!�!�!� !� !�!�!� !�!�!�!�!�!�!�!�!�!�!�BAKER HUGHES INC10-Q 11/02/2011NO TITLE Section Section 104(d) Section Section Proposed Pending ~ !� 104(b) Citations 110(b)(2) 107(a) MSHA Legal Operation (1) CitationsOrders and Orders ViolationsOrdersAssessments (2) FatalitiesActions Battle Mountain, NV ~ 6 ~ � Morgan City, LA Corpus Christi, TX Total~ 6 ~ � $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�4\��z��l��9�-�!��=PF0*8X> �@�� l ��K d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�% NO TITLENO TITLE (1)NO TITLE (2)NO TITLE (3)!Consolidated Condensed Statemen!Recording of Assets Acquired an!Pro Forma Impact of the AcquisiNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 3 SEGMENT (2)NOTE 4 EARNINGS PER SHARENOTE 6 INVENTORIESNOTE 6 INVENTOR (1)NOTE 6 INVENTOR (2)Shortterm InvestmentsShortterm Inves (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)NOTE 10 EMPLOYEE BENEFIT (2)NOTE 10 EMPLOYEE BENEFIT (3)NOTE 10 EMPLOYEE BENEFIT (4)NOTE 10 EMPLOYEE BENEFIT (5)NOTE 10 EMPLOYEE BENEFIT (6)NOTE 10 EMPLOYEE BENEFIT (7)Oil and Natural Gas Prices Rig CountsRevenue and Profit Before Tax Revenue and Profit Before (1)Industrial Services and Other Market ReportMarket Report (1)Market Report (2)Available Credit FacilitiesNO TITLE (4)Available Credit (1)NO TITLE (5)NO TITLE (6)U }$ }U}$ }�6 �� BAKER HUGHES INC10-Q 11/02/2011NO TITLE a)3+a pattern of violations of mandatory health 3 +or safety standards that are of such nature 5 -as could have significantly and substantially3+contributed to the cause and effect of mine.&health or safety hazards under section 104(e) of the Mine Act: None; or b)-%the potential to have such a pattern: None.$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�:{��z��e� ��m�a�,� ��J�>�2� �=PF0*8X> �@� Root Entry�� F��Book �� L !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~�� !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~��