��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����� H OR� AOR (1)�+Income Statement�&HITEM 1 FINANCIAL STATEMENTS UNA��Y Balance Sheet�etITEM 1 FINANCIAL (1)�ԊITEM 1 FINANCIAL (2)�2� Cash Flows�!�NOTE 3 SEGMENT INFORMATION�0�NOTE 3 SEGMENT (1)� �NOTE 6 EARNINGS PER SHARE��NOTE 7 INVENTORIES���NOTE 8 INTANGIBLE ASSETS�K NOTE 8 INTANGIBLE (1)�%XNOTE 10 EMPLOYEE BENEFIT PLANS�$9#NOTE 10 EMPLOYEE BENEFIT (1)�&5NOTE 12 ACCUMULATED OTHER COMPR�%\BNOTE 12 ACCUMULATED OTHER (1)�QBUSINESS ENVIRONMENT��\BUSINESS ENVIRO (1)��oRESULTS OF OPERATIONS��RESULTS OF OPER (1)�"�RESULTS OF OPER (2)�&C�LIQUIDITY AND CAPITAL RESOURCES�&k�ITEM 2 UNREGISTERED SALES OF EQ� �ITEM 6 EXHIBITS���NO TITLE l � �  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�OR (1)Income Statement!ITEM 1 FINANCIAL STATEMENTS UNA Balance SheetITEM 1 FINANCIAL (1)ITEM 1 FINANCIAL (2) Cash FlowsNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 6 EARNINGS PER SHARENOTE 7 INVENTORIESNOTE 8 INTANGIBLE ASSETSNOTE 8 INTANGIBLE (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)!NOTE 12 ACCUMULATED OTHER COMPR NOTE 12 ACCUMULATED OTHER (1)BUSINESS ENVIRONMENTBUSINESS ENVIRO (1)RESULTS OF OPERATIONSRESULTS OF OPER (1)RESULTS OF OPER (2)!LIQUIDITY AND CAPITAL RESOURCES!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITS NO TITLEU } �0} �+ ��������� � � � � ���������BAKER HUGHES INC 10-Q 10/21/2014 OR   Delaware  76-0207995$ (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}�����������������t�\�2�������?�.���������=PF0*8X> �@� l � IT(�*  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�ORIncome Statement!ITEM 1 FINANCIAL STATEMENTS UNA Balance SheetITEM 1 FINANCIAL (1)ITEM 1 FINANCIAL (2) Cash FlowsNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 6 EARNINGS PER SHARENOTE 7 INVENTORIESNOTE 8 INTANGIBLE ASSETSNOTE 8 INTANGIBLE (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)!NOTE 12 ACCUMULATED OTHER COMPR NOTE 12 ACCUMULATED OTHER (1)BUSINESS ENVIRONMENTBUSINESS ENVIRO (1)RESULTS OF OPERATIONSRESULTS OF OPER (1)RESULTS OF OPER (2)!LIQUIDITY AND CAPITAL RESOURCES!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITS NO TITLEU } � } �6} � I��������� � � � � �������������������BAKER HUGHES INC 10-Q 10/21/2014 OR       Page No . PART I - FINANCIAL INFORMATION     Item 1.(  Financial Statements (Unaudited) ,$Consolidated Condensed Statements of~  Income (Unaudited)1)Three and nine months ended September 30, 2014 and 2013,$Consolidated Condensed Statements of~ /'Comprehensive Income (Loss) (Unaudited)1)Three and nine months ended September 30, 2014 and 2013-%Consolidated Condensed Balance Sheets~  (Unaudited)0(September 30, 2014 and December 31, 2013,$Consolidated Condensed Statements of~ %Changes in Equity (Unaudited)0(Nine months ended September 30, 2014 and�D�l����������������t�P�#�����s�O������u�Q������b�>�������l�"� �!�"�#�$�%�&�'�(�)�*�+�,�-�.�/�0�1�2�3�4�5�6�7�8�9�:�;�<�=�>�?� ~ v!!!","$Consolidated Condensed Statements of~ "##Cash Flows (Unaudited)$0$(Nine months ended September 30, 2014 and%~ %v&&&'1')Notes to Unaudited Consolidated Condensed~ '((Financial Statements)))*Item 2./*'Management s Discussion and Analysis of~ *:+5+-Financial Condition and Results of Operations,,,-Item 3.0-(Quantitative and Qualitative Disclosures~ -n..About Market Risk///0Item 4.0Controls and Procedures~ 0n1112 PART II -2OTHER INFORMATION23334Item 1.4Legal Proceedings~ 4r5556Item 1A.6 Risk Factors~ 6r7778Item 2./8'Unregistered Sales of Equity Securities~ 8r99and Use of Proceeds:::;Item 3.';Defaults Upon Senior Securities~ ;r<<<=Item 4.=Mine Safety Disclosures~ =v>>>?Item 5.?Other Information~ ?v�D�l����x�J� �����}�Q�-�����p��������f�(������h�D�������U�1���@�A�B�C�D�E�F�G�H�@@@AItem 6.AExhibits~ AvBBBCC Signatures~ CzDE$F____________________________1G)Created by Morningstar Document Research.0H(http://documentresearch.morningstar.com/� �������S�G�;��=PF0*8X> �@�HHGGFF l � ,�?!E  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�OROR (1)!ITEM 1 FINANCIAL STATEMENTS UNA Balance SheetITEM 1 FINANCIAL (1)ITEM 1 FINANCIAL (2) Cash FlowsNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 6 EARNINGS PER SHARENOTE 7 INVENTORIESNOTE 8 INTANGIBLE ASSETSNOTE 8 INTANGIBLE (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)!NOTE 12 ACCUMULATED OTHER COMPR NOTE 12 ACCUMULATED OTHER (1)BUSINESS ENVIRONMENTBUSINESS ENVIRO (1)RESULTS OF OPERATIONSRESULTS OF OPER (1)RESULTS OF OPER (2)!LIQUIDITY AND CAPITAL RESOURCES!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITS NO TITLEU } :} $ ,��������� � � � � �������������������BAKER HUGHES INC 10-Q 10/21/2014Income Statement                 (  Three Months Ended September 30, ' Nine Months Ended September 30,/ '(In millions, except per share amounts)~ z ~ v ~ z ~ v Revenue:        Sales~ v  ~ B  ~ V[  ~ �V Services~ 6B~ .<~  ��  ~  � Total revenue~ �a~ nZ~  �  ~  �Costs and expenses:    Cost of sales~ R~ J~  �H  ~  �CCost of services~ ~6~ �2~  �  ~  �� Research and engineering~ ~~ :~  6  ~  B-%Marketing, general and administrative~ ~ �~  F  ~  *Litigation settlements~  �    Total costs and expenses~ VW~ nQ~  "�  ~  ��Operating income~ V ~  ~  �  ~  �Interest expense, net~ ���~ ���~  F���  ~  N���"Income before income taxes~ j ~ ~    ~  : Income taxes~ ^���~ :���~  ����  ~  ��� Net income~ �~ R~  �  ~  V 80Net loss (income) attributable to noncontrolling~ ~ ~  ����  ~  ���� interests/'Net income attributable to Baker Hughes~ �~ V~  �  ~  B    �D�l������������~�r�f���7���@����^���F�����1�����1�����.����� �!�"�#�$�%�&�'�(�)�*�+�- %Basic earnings per share attributable ��Q���?   �p= ף�?   \���(\@   ���(\��? !to Baker Hughes"""""" " " /#'Diluted earnings per share attributable#��Q���?###�p= ף�?### 333333@# # # ���(\��?#$to Baker Hughes%%%%%% % %  &Cash dividends per share&��(\���?&&&333333�?&&& �G�z�?& & & �������?&'($)____________________________1*)Created by Morningstar Document Research.0+(http://documentresearch.morningstar.com/���3��������n�������n�=PF0*8X> �@��R++**))&&&&&& && ###### ##                                          l � �W  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�OROR (1)Income Statement Balance SheetITEM 1 FINANCIAL (1)ITEM 1 FINANCIAL (2) Cash FlowsNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 6 EARNINGS PER SHARENOTE 7 INVENTORIESNOTE 8 INTANGIBLE ASSETSNOTE 8 INTANGIBLE (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)!NOTE 12 ACCUMULATED OTHER COMPR NOTE 12 ACCUMULATED OTHER (1)BUSINESS ENVIRONMENTBUSINESS ENVIRO (1)RESULTS OF OPERATIONSRESULTS OF OPER (1)RESULTS OF OPER (2)!LIQUIDITY AND CAPITAL RESOURCES!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITS NO TITLEU } �2} $ ��������� � � � � ����������������BAKER HUGHES INC 10-Q 10/21/20140(ITEM 1.FINANCIAL STATEMENTS (UNAUDITED)                 (  Three Months Ended September 30, ' Nine Months Ended September 30,  (In millions)~ z ~ v ~ z ~ v  Net income~ �  ~ R  ~ �  ~ V  * "Other comprehensive (loss) income:       0(Foreign currency translation adjustments~ F���~ �~  R���  ~  :���during the period2*Pension and other postretirement benefits,~ ~ ����~  ����  ~  & net of tax&Hedge transactions, net of tax~     ~  ����)!Other comprehensive (loss) income~ V���~ �~  B���  ~  Z���Comprehensive income~ ~ :~  �  ~  � 0(Comprehensive loss (income) attributable~ ~ ~  ����  ~  ����#to noncontrolling interests,$Comprehensive income attributable to~ 2~ >~  �  ~  �  Baker Hughes$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�>� 0��������~�r�f�Z�N������������������f��������������=PF0*8X> �@�:'                      l � ::g�q  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�OROR (1)Income Statement!ITEM 1 FINANCIAL STATEMENTS UNAITEM 1 FINANCIAL (1)ITEM 1 FINANCIAL (2) Cash FlowsNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 6 EARNINGS PER SHARENOTE 7 INVENTORIESNOTE 8 INTANGIBLE ASSETSNOTE 8 INTANGIBLE (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)!NOTE 12 ACCUMULATED OTHER COMPR NOTE 12 ACCUMULATED OTHER (1)BUSINESS ENVIRONMENTBUSINESS ENVIRO (1)RESULTS OF OPERATIONSRESULTS OF OPER (1)RESULTS OF OPER (2)!LIQUIDITY AND CAPITAL RESOURCES!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITS NO TITLEU } I;} $ :��������� � � � � �������������������BAKER HUGHES INC 10-Q 10/21/2014 Balance Sheet          (In millions)  September 30,   December 31, ~ z ~ v ASSETS Current assets:   !Cash and cash equivalents~ �~ �0(Accounts receivable - less allowance for~ �V~ JPdoubtful accounts"(2014 - $247!2013 - $238)Inventories, net~ �@~ �<Deferred income taxes~ �~ �Other current assets~ �~ �Total current assets~ ��~ ~�80Property, plant and equipment - less accumulated~ �~ ҍ depreciation&(2014 - $8,025!2013 - $7,219)Goodwill~ �^~ :]Intangible assets, net~ f ~ �  Other assets~ � ~ *  Total assets~ ��~ z�LIABILITIES AND EQUITYCurrent liabilities:Accounts payable~ �*~ :(�D� l��������������u�i� ����m�.���U�8����U�����������!���q�O� �!�"�#�$�%�&�'�(�)�*�+�,�-�.�/�0�1�2�3�4�5�6�7�8�9�. &Short-term debt and current portion of~   ~ � !long-term debt%"Accrued employee compensation~ "& ""~ "* "#Income taxes payable~ #�##~ #V#!$Other accrued liabilities~ $�$$~ $ $!%Total current liabilities~ %�M%%~ %�G%&Long-term debt~ &�<&&~ &�<&7'/Deferred income taxes and other tax liabilities~ '� ''~ '� '9(1Liabilities for pensions and other postretirement~ (" ((~ ( ()benefits*Other liabilities~ *�**~ *z*%+Commitments and contingencies+++++,Equity:,,,- Common stock~ -�--~ -�-&.Capital in excess of par value~ .m..~ .�r./Retained earnings~ /f�//~ /�/,0$Accumulated other comprehensive loss~ 0b���00~ 0"���0(1 Baker Hughes stockholders equity~ 1�11~ 1�1 2Noncontrolling interests~ 2&22~ 223 Total equity~ 3�33~ 3�3$4Total liabilities and equity~ 4��44~ 4z�456$7____________________________18)Created by Morningstar Document Research.09(http://documentresearch.morningstar.com/�8N ���t� ���F����� ���{������*���c�����#���c�W�K�#�=PF0*8X> �@�C99887744443333222211110000////....----****((((''''&&&&%%%%$$$$####""""        l � Ո  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�OROR (1)Income Statement!ITEM 1 FINANCIAL STATEMENTS UNA Balance SheetITEM 1 FINANCIAL (2) Cash FlowsNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 6 EARNINGS PER SHARENOTE 7 INVENTORIESNOTE 8 INTANGIBLE ASSETSNOTE 8 INTANGIBLE (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)!NOTE 12 ACCUMULATED OTHER COMPR NOTE 12 ACCUMULATED OTHER (1)BUSINESS ENVIRONMENTBUSINESS ENVIRO (1)RESULTS OF OPERATIONSRESULTS OF OPER (1)RESULTS OF OPER (2)!LIQUIDITY AND CAPITAL RESOURCES!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITS NO TITLEU } �1} $ ��������� � � � � ������������������BAKER HUGHES INC 10-Q 10/21/20140(ITEM 1.FINANCIAL STATEMENTS (UNAUDITED)                         ) !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~  �   ~ "~ � Other comprehensive loss  ~  B���~ B���'Activity related to stock plans~ ~    ~ *1)Repurchase and retirement of common stock~ ����~ ����   ~ ���� Stock-based compensation~ v   ~ v( Cash dividends ($0.47 per share)~  ����   ~ ����.&Net activity related to noncontrolling   ~ ����~ ���� interests%Balance at September 30, 2014~ �~ m~  f�  ~  b���~ &~ �$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�B�X��������~�r�f�Z�N�.�����������=�y�������5�i�����u�i�A�=PF0*8X> �@�z/                    l � M�  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�OROR (1)Income Statement!ITEM 1 FINANCIAL STATEMENTS UNA Balance SheetITEM 1 FINANCIAL (1) Cash FlowsNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 6 EARNINGS PER SHARENOTE 7 INVENTORIESNOTE 8 INTANGIBLE ASSETSNOTE 8 INTANGIBLE (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)!NOTE 12 ACCUMULATED OTHER COMPR NOTE 12 ACCUMULATED OTHER (1)BUSINESS ENVIRONMENTBUSINESS ENVIRO (1)RESULTS OF OPERATIONSRESULTS OF OPER (1)RESULTS OF OPER (2)!LIQUIDITY AND CAPITAL RESOURCES!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITS NO TITLEU } a/} $ ��������� � � � � �����������������BAKER HUGHES INC 10-Q 10/21/20140(ITEM 1.FINANCIAL STATEMENTS (UNAUDITED)                         ) !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, 2012~ �~ u~  &�  ~  ����~ ~ � Comprehensive income:    Net income~  B    ~ ~ V  Other comprehensive loss  ~  Z���~ Z���'Activity related to stock plans~  ~ j   ~ r Stock-based compensation~ v   ~ v( Cash dividends ($0.45 per share)~  ����   ~ ����.&Net activity related to noncontrolling   ~ ����~ ���� interests%Balance at September 30, 2013~ �~ �v~  F�  ~  ����~ ~ &$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�@�D��������~�r�f�Z�N�.�����������=�y������L�z�e�d�X�L�$�=PF0*8X> �@�b,                    l � =8���  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�OROR (1)Income Statement!ITEM 1 FINANCIAL STATEMENTS UNA Balance SheetITEM 1 FINANCIAL (1)ITEM 1 FINANCIAL (2)NOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 6 EARNINGS PER SHARENOTE 7 INVENTORIESNOTE 8 INTANGIBLE ASSETSNOTE 8 INTANGIBLE (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)!NOTE 12 ACCUMULATED OTHER COMPR NOTE 12 ACCUMULATED OTHER (1)BUSINESS ENVIRONMENTBUSINESS ENVIRO (1)RESULTS OF OPERATIONSRESULTS OF OPER (1)RESULTS OF OPER (2)!LIQUIDITY AND CAPITAL RESOURCES!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITS NO TITLEU } :} $ =��������� � � � � �������������������BAKER HUGHES INC 10-Q 10/21/2014 Cash Flows         ' Nine Months Ended September 30,  (In millions)~ z ~ v- %Cash flows from operating activities:     Net income~ �  ~ V  .&Adjustments to reconcile net income to1)net cash flows from operating activities:%Depreciation and amortization~  ~ �Other noncash items~ j���~ .���4,Changes in operating assets and liabilities:Accounts receivable~ ���~ ���� Inventories~ ����~ ���Accounts payable~ �~ � "Other operating items, net~ �~ �7/Net cash flows provided by operating activities~ j~ �!-%Cash flows from investing activities:'Expenditures for capital assets~ ����~ ����( Proceeds from disposal of assets~ �~ R.&Acquisition of businesses, net of cash~ ���~ ����acquired"Other investing items, net~ ����3+Net cash flows used in investing activities~ ����~ ����-%Cash flows from financing activities:�D l��������������x�l� �����?�����^�����:�����(���G����������1� �!�"�#�$�%�&�'�(�)�*�+�,�-�.�/�0�1�2�3�4�5�6�7�8�9�:�;�<�/ 'Net proceeds (repayments) of commercial~ f  ~ ���� 5!-paper borrowings and other debt with original(" maturity of three months or less3#+Repayments of short-term debt with original~ #*���##~ #&���#*$"maturity greater than three months2%*Proceeds from short-term debt with greater~ %B%%~ %�%+&#than three months original maturity"'Repurchase of common stock~ '����''''.(&Proceeds from issuance of common stock~ (N((~ (�()Dividends paid~ )����))~ )����)"*Other financing items, net~ *����**~ *����*3++Net cash flows used in financing activities~ +���++~ +6���+/,'Effect of foreign exchange rate changes~ ,����,,~ ,����,$-on cash and cash equivalents8.0(Decrease) increase in cash and cash equivalents~ . ���..~ .�.//'Cash and cash equivalents, beginning of~ /�//~ /�/0period01(Cash and cash equivalents, end of period~ 1�11~ 1b1,2$Supplemental cash flows disclosures:222)3!Income taxes paid, net of refunds~ 3�33~ 3�34 Interest paid~ 444~ 4 445,Supplemental disclosure of noncash investing5556 activities:17)Capital expenditures included in accounts~ 7�77~ 7�78payable9$:____________________________1;)Created by Morningstar Document Research.0<(http://documentresearch.morningstar.com/�>5 0��T�(����� ���z����H���^�6���G�5���m����K�4�������x�=PF0*8X> �@��<<<;;::7777444433331111////....,,,,++++****))))((((''%%%%####        l � Y�  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�OROR (1)Income Statement!ITEM 1 FINANCIAL STATEMENTS UNA Balance SheetITEM 1 FINANCIAL (1)ITEM 1 FINANCIAL (2) Cash FlowsNOTE 3 SEGMENT (1)NOTE 6 EARNINGS PER SHARENOTE 7 INVENTORIESNOTE 8 INTANGIBLE ASSETSNOTE 8 INTANGIBLE (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)!NOTE 12 ACCUMULATED OTHER COMPR NOTE 12 ACCUMULATED OTHER (1)BUSINESS ENVIRONMENTBUSINESS ENVIRO (1)RESULTS OF OPERATIONSRESULTS OF OPER (1)RESULTS OF OPER (2)!LIQUIDITY AND CAPITAL RESOURCES!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITS NO TITLEU } I"} $ ��������� � � � � ��������������BAKER HUGHES INC 10-Q 10/21/2014#NOTE 3.SEGMENT INFORMATION                  Three Months Ended  Three Months Ended  September 30, 2014  September 30, 2013 Segments Revenue " Profit (Loss) Before Taxes  Revenue " Profit (Loss) Before Taxes  North America~ N1  ~ �  ~ �,  ~ �  Latin America~ �~ ~  �  ~  ����$Europe/Africa/Russia Caspian~ j~ n~  2  ~  � Middle East/Asia Pacific~ �~ n~  �  ~  VIndustrial Services~ 6~ �~  "  ~  �Total Operations~ �a~ r ~  nZ  ~  � Corporate and other~ ����   ~  ���Interest expense, net~ ���   ~  ��� Total~ �a~ j ~  nZ  ~  $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�:j �����������s�g�[���G���I�����K�����H�����[�O�C��=PF0*8X> �@�Z+                         l � 2�  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�OROR (1)Income Statement!ITEM 1 FINANCIAL STATEMENTS UNA Balance SheetITEM 1 FINANCIAL (1)ITEM 1 FINANCIAL (2) Cash FlowsNOTE 3 SEGMENT INFORMATIONNOTE 6 EARNINGS PER SHARENOTE 7 INVENTORIESNOTE 8 INTANGIBLE ASSETSNOTE 8 INTANGIBLE (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)!NOTE 12 ACCUMULATED OTHER COMPR NOTE 12 ACCUMULATED OTHER (1)BUSINESS ENVIRONMENTBUSINESS ENVIRO (1)RESULTS OF OPERATIONSRESULTS OF OPER (1)RESULTS OF OPER (2)!LIQUIDITY AND CAPITAL RESOURCES!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITS NO TITLEU } I"} $ ��������� � � � � ���������������BAKER HUGHES INC 10-Q 10/21/2014#NOTE 3.SEGMENT INFORMATION                  Nine Months Ended  Nine Months Ended  September 30, 2014  September 30, 2013 Segments Revenue " Profit (Loss) Before Taxes  Revenue " Profit (Loss) Before Taxes  North America~ �  ~ J  ~   ~ �   Latin America~ �~ �~  �  ~  "$Europe/Africa/Russia Caspian~ 3~ �~  .  ~  � Middle East/Asia Pacific~ �2~ ~  �+  ~  �Industrial Services~ n~ �~  �  ~  �Total Operations~ �~ !~  �  ~  �Corporate and other~ ����   ~  "���Interest expense, net~ F���   ~  N���Litigation settlements~  ���     Total~ �~ ~  �  ~  :$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�<$ �����������s�g�[���I���K����M�����J�����R�������u�=PF0*8X> �@�b,                         l � >�  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�OROR (1)Income Statement!ITEM 1 FINANCIAL STATEMENTS UNA Balance SheetITEM 1 FINANCIAL (1)ITEM 1 FINANCIAL (2) Cash FlowsNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 7 INVENTORIESNOTE 8 INTANGIBLE ASSETSNOTE 8 INTANGIBLE (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)!NOTE 12 ACCUMULATED OTHER COMPR NOTE 12 ACCUMULATED OTHER (1)BUSINESS ENVIRONMENTBUSINESS ENVIRO (1)RESULTS OF OPERATIONSRESULTS OF OPER (1)RESULTS OF OPER (2)!LIQUIDITY AND CAPITAL RESOURCES!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITS NO TITLEU } U5} U} $ } U} $ } U}  $ } U} $   � � � � � � � � � � � � � � � � � � � � � � � � � �BAKER HUGHES INC 10-Q 10/21/2014"NOTE 6.EARNINGS PER SHARE             (  Three Months Ended September 30, ' Nine Months Ended September 30, ~ z ~ v ~ z ~ v2 *Weighted average common shares outstanding~ �  ~ �  ~ �  ~ �   for basic EPS4,Adjustment for effect of dilutive securities~  ~ ~  ~    - stock plans2*Weighted average common shares outstanding~ �~ �~ � ~  � for diluted EPS3+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/�8��������������t�h�\���]���3��V�=�{�`�������������=PF0*8X> �@�J         l � �  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�OROR (1)Income Statement!ITEM 1 FINANCIAL STATEMENTS UNA Balance SheetITEM 1 FINANCIAL (1)ITEM 1 FINANCIAL (2) Cash FlowsNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 6 EARNINGS PER SHARENOTE 8 INTANGIBLE ASSETSNOTE 8 INTANGIBLE (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)!NOTE 12 ACCUMULATED OTHER COMPR NOTE 12 ACCUMULATED OTHER (1)BUSINESS ENVIRONMENTBUSINESS ENVIRO (1)RESULTS OF OPERATIONSRESULTS OF OPER (1)RESULTS OF OPER (2)!LIQUIDITY AND CAPITAL RESOURCES!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITS NO TITLEU } 0} $ ��������� � � � � ��������BAKER HUGHES INC 10-Q 10/21/2014NOTE 7.INVENTORIES           September 30,   December 31, ~ z ~ v Finished goods~ j9  ~ �5  Work in process~    ~ ^  Raw materials~ j~ �Total inventories~ �@~ �<$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�.2�������������{�o�c������,���x������=PF0*8X> �@�z         l � J  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�OROR (1)Income Statement!ITEM 1 FINANCIAL STATEMENTS UNA Balance SheetITEM 1 FINANCIAL (1)ITEM 1 FINANCIAL (2) Cash FlowsNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 6 EARNINGS PER SHARENOTE 7 INVENTORIESNOTE 8 INTANGIBLE (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)!NOTE 12 ACCUMULATED OTHER COMPR NOTE 12 ACCUMULATED OTHER (1)BUSINESS ENVIRONMENTBUSINESS ENVIRO (1)RESULTS OF OPERATIONSRESULTS OF OPER (1)RESULTS OF OPER (2)!LIQUIDITY AND CAPITAL RESOURCES!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITS NO TITLEU } U} $ ��������� � � � � �����������BAKER HUGHES INC 10-Q 10/21/2014!NOTE 8.INTANGIBLE ASSETS                          September 30, 2014  December 31, 2013  Gross  Less:  Net  Gross  Less:  Net  Carrying   Accumulated      Carrying   Accumulated  Amount   Amortization      Amount   Amortization Technology~ J ~ �~  b  ~  � ~ F~ vCustomer relationships~ �~ �~     ~  �~ v~ F Trade names~ �~ j~  �  ~  �~ J~ � Other (1)~ �~ 2~  ~  ~  �~ 2~ ~Total intangible assets~ �~ n ~  f   ~  �~ 2 ~ � $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�4r �������������u�i�]�=���@������������� �����=PF0*8X> �@��1                          l � �  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�OROR (1)Income Statement!ITEM 1 FINANCIAL STATEMENTS UNA Balance SheetITEM 1 FINANCIAL (1)ITEM 1 FINANCIAL (2) Cash FlowsNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 6 EARNINGS PER SHARENOTE 7 INVENTORIESNOTE 8 INTANGIBLE ASSETS NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)!NOTE 12 ACCUMULATED OTHER COMPR NOTE 12 ACCUMULATED OTHER (1)BUSINESS ENVIRONMENTBUSINESS ENVIRO (1)RESULTS OF OPERATIONSRESULTS OF OPER (1)RESULTS OF OPER (2)!LIQUIDITY AND CAPITAL RESOURCES!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITS NO TITLEU } 0} $ ��������� � � � � ���������BAKER HUGHES INC 10-Q 10/21/2014!NOTE 8.INTANGIBLE ASSETS     Year& Estimated Amortization Expense Remainder of 2014~ r ~ ~~ � ~ �~ � ~ �~ �~ �~ n~ �~ b$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�0m�������������u�i�]�-�������l�D����������=PF0*8X> �@�R      l � r!  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�OROR (1)Income Statement!ITEM 1 FINANCIAL STATEMENTS UNA Balance SheetITEM 1 FINANCIAL (1)ITEM 1 FINANCIAL (2) Cash FlowsNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 6 EARNINGS PER SHARENOTE 7 INVENTORIESNOTE 8 INTANGIBLE ASSETSNOTE 8 INTANGIBLE (1)NOTE 10 EMPLOYEE BENEFIT (1)!NOTE 12 ACCUMULATED OTHER COMPR NOTE 12 ACCUMULATED OTHER (1)BUSINESS ENVIRONMENTBUSINESS ENVIRO (1)RESULTS OF OPERATIONSRESULTS OF OPER (1)RESULTS OF OPER (2)!LIQUIDITY AND CAPITAL RESOURCES!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITS NO TITLEU } �+} $ ��������� � � � � ����������BAKER HUGHES INC 10-Q 10/21/2014'NOTE 10.百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 ~ v ~ z ~ v ~ z ~ v  Service cost~ F  ~ B  ~   ~   ~   ~    Interest cost~   ~   ~ "  ~ "  ~   ~  &Expected return on plan assets~ ����~ ����~  ����  ~  ����,$Amortization of prior service credit    ~ ����~ ����*"Amortization of net actuarial loss~  ~ ~    ~   ~ ~ Net periodic cost~ >~ >~    ~  ~ ~ $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�2G �����������{�o�c�W�7�����'�)�)�#�.�"����=PF0*8X> �@�R*                         l � G3  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�OROR (1)Income Statement!ITEM 1 FINANCIAL STATEMENTS UNA Balance SheetITEM 1 FINANCIAL (1)ITEM 1 FINANCIAL (2) Cash FlowsNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 6 EARNINGS PER SHARENOTE 7 INVENTORIESNOTE 8 INTANGIBLE ASSETSNOTE 8 INTANGIBLE (1) NOTE 10 EMPLOYEE BENEFIT PLANS!NOTE 12 ACCUMULATED OTHER COMPR NOTE 12 ACCUMULATED OTHER (1)BUSINESS ENVIRONMENTBUSINESS ENVIRO (1)RESULTS OF OPERATIONSRESULTS OF OPER (1)RESULTS OF OPER (2)!LIQUIDITY AND CAPITAL RESOURCES!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITS NO TITLEU } �+} $ ��������� � � � � �����������BAKER HUGHES INC 10-Q 10/21/2014'NOTE 10.百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 ~ v ~ z ~ v ~ z ~ v  Service cost~ �  ~ �  ~ *  ~ 2  ~   ~    Interest cost~ V  ~ B  ~ j  ~ b  ~   ~  &Expected return on plan assets~ ~���~ ����~  ����  ~  ����,$Amortization of prior service credit    ~ ����~ ����*"Amortization of net actuarial loss~ ~ *~    ~  ~  ~  Other    ~ ����Net periodic cost~ �~ �~  *  ~  6~  ~ $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�4: �����������{�o�c�W�7�����'�)�)�#�D�O�C�7��=PF0*8X> �@�Z+                         l � OA  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�OROR (1)Income Statement!ITEM 1 FINANCIAL STATEMENTS UNA Balance SheetITEM 1 FINANCIAL (1)ITEM 1 FINANCIAL (2) Cash FlowsNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 6 EARNINGS PER SHARENOTE 7 INVENTORIESNOTE 8 INTANGIBLE ASSETSNOTE 8 INTANGIBLE (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1) NOTE 12 ACCUMULATED OTHER (1)BUSINESS ENVIRONMENTBUSINESS ENVIRO (1)RESULTS OF OPERATIONSRESULTS OF OPER (1)RESULTS OF OPER (2)!LIQUIDITY AND CAPITAL RESOURCES!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITS NO TITLEU } I;} $ ��������� � � � � ���������BAKER HUGHES INC 10-Q 10/21/20145-NOTE 12.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 ~ ����   ~ R���   ~ >���  - %Amounts reclassified from accumulated ~        ~    other comprehensive lossDeferred taxes~ ����   ~  ����%Balance at September 30, 2014~ ����~ ����   ~  b���$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�0e���������y�m�a�U�I�����%�R���i�����������=PF0*8X> �@��          l � �O  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�OROR (1)Income Statement!ITEM 1 FINANCIAL STATEMENTS UNA Balance SheetITEM 1 FINANCIAL (1)ITEM 1 FINANCIAL (2) Cash FlowsNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 6 EARNINGS PER SHARENOTE 7 INVENTORIESNOTE 8 INTANGIBLE ASSETSNOTE 8 INTANGIBLE (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)!NOTE 12 ACCUMULATED OTHER COMPRBUSINESS ENVIRONMENTBUSINESS ENVIRO (1)RESULTS OF OPERATIONSRESULTS OF OPER (1)RESULTS OF OPER (2)!LIQUIDITY AND CAPITAL RESOURCES!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITS NO TITLEU } I;} $ ��������� � � � � ���������BAKER HUGHES INC 10-Q 10/21/20145-NOTE 12.ACCUMULATED OTHER COMPREHENSIVE LOSS                       Hedge Transactions2 *Pensions and Other Postretirement Benefits0 (Foreign Currency Translation Adjustments, $Accumulated Other Comprehensive Loss$ Balance at December 31, 2012 ~    ~ ���   ~ z���   ~ ����  9 1Other comprehensive loss before reclassifications ~ ����       ~ :���   ~ 6���  - %Amounts reclassified from accumulated     ~ 6       ~ 6   other comprehensive lossDeferred taxes~ ����    ~ ����%Balance at September 30, 2013~ ����~ >���   ~  ����~ ����$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�0� ���������y�m�a�U�I�M���������}���������n�=PF0*8X> �@��             l � �[  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�OROR (1)Income Statement!ITEM 1 FINANCIAL STATEMENTS UNA Balance SheetITEM 1 FINANCIAL (1)ITEM 1 FINANCIAL (2) Cash FlowsNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 6 EARNINGS PER SHARENOTE 7 INVENTORIESNOTE 8 INTANGIBLE ASSETSNOTE 8 INTANGIBLE (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)!NOTE 12 ACCUMULATED OTHER COMPR NOTE 12 ACCUMULATED OTHER (1)BUSINESS ENVIRO (1)RESULTS OF OPERATIONSRESULTS OF OPER (1)RESULTS OF OPER (2)!LIQUIDITY AND CAPITAL RESOURCES!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITS NO TITLEU } �%} $ ��������� � � � � �������BAKER HUGHES INC 10-Q 10/21/2014BUSINESS ENVIRONMENT                 (  Three Months Ended September 30, ' Nine Months Ended September 30, ~ z ~ v ~ z ~ v# Brent oil price ($/Bbl) (1)  ףp=�Y@   ��(\��[@   ��Q��Z@   ףp= '[@ ! WTI oil price ($/Bbl) (2) �����lX@   R���qZ@   �p= ��X@   ������X@ 'Natural gas price ($/mmBtu) (3)��Q��@ffffff @ 333333@   ��Q�� @$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�,�|������������z�n�b���3����G���t�h�@�=PF0*8X> �@��              l � �n  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�OROR (1)Income Statement!ITEM 1 FINANCIAL STATEMENTS UNA Balance SheetITEM 1 FINANCIAL (1)ITEM 1 FINANCIAL (2) Cash FlowsNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 6 EARNINGS PER SHARENOTE 7 INVENTORIESNOTE 8 INTANGIBLE ASSETSNOTE 8 INTANGIBLE (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)!NOTE 12 ACCUMULATED OTHER COMPR NOTE 12 ACCUMULATED OTHER (1)BUSINESS ENVIRONMENTRESULTS OF OPERATIONSRESULTS OF OPER (1)RESULTS OF OPER (2)!LIQUIDITY AND CAPITAL RESOURCES!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITS NO TITLEU } y#} � } $ } � } $ } �} U} � } $ } � } $ } �} U   � � � � � � � � � � � � � � � � � � � � � � � � � � � � �BAKER HUGHES INC 10-Q 10/21/2014BUSINESS ENVIRONMENT              (  Three Months Ended September 30, ' Nine Months Ended September 30,  ~ z~ v % Change~ z~ v % Change% U.S.陆地和内陆水域+++++++++++++++++++- offshore~ � ~ �   %~ � ~ � ~  %Canada~  ~ z~ * %~ �~  b ~  "  % North America~ �#~ "!~ " %~ �"~  �  ~    % Latin America~ Z~ ^ %~ N~  � ~  ����  %) North Sea~ �~ �~ ���� %)~ �~  � ~  ����  %)Continental Europe~ �~ �~ B %~ �~  n ~  >  %Africa~ �~ �~   %~ ~  � ~  *  % Middle East~ n~ �~ * %~ f~  � ~  2  % Asia Pacific~ ~ �~  %~ �~  � ~    %Outside North America~ ~ ~  %~ ~  " ~    % Worldwide~ �8~ 65~  %~ �7~  5 ~    %$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�>� 0������������z�n�b���K����a�����D�����#�n�����F�:�.��=PF0*8X> �@�Z          l � Ƃ  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�OROR (1)Income Statement!ITEM 1 FINANCIAL STATEMENTS UNA Balance SheetITEM 1 FINANCIAL (1)ITEM 1 FINANCIAL (2) Cash FlowsNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 6 EARNINGS PER SHARENOTE 7 INVENTORIESNOTE 8 INTANGIBLE ASSETSNOTE 8 INTANGIBLE (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)!NOTE 12 ACCUMULATED OTHER COMPR NOTE 12 ACCUMULATED OTHER (1)BUSINESS ENVIRONMENTBUSINESS ENVIRO (1)RESULTS OF OPER (1)RESULTS OF OPER (2)!LIQUIDITY AND CAPITAL RESOURCES!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITS NO TITLEU } I"}  $ } $} $} $ } �} U} $   � � � � � � � � � � � � � � � � � � � � � � � �BAKER HUGHES INC 10-Q 10/21/2014RESULTS OF OPERATIONS                               (  Three Months Ended September 30, ~   % ' Nine Months Ended September 30, ~   % ~ z ~ v  Change  Change ~ z ~ v  Change  Change Revenue:                    North America~ N1  ~ �,  ~ �  ~ . % ~ �  ~   ~    ~ " % Latin America~ �~ �~  :  ~   %~ �~ �~ ���~ ���� %)$Europe/Africa/Russia Caspian~ j~ 2~  :  ~  " %~ 3~ .~ ~ . % Middle East/Asia Pacific~ �~ �~    ~   %~ �2~ �+~ "~ B %Industrial Services~ 6~ "~    ~    %~ n~ �~ �~  % Total~ �a~ nZ~  >  ~  " %~ �~ �~ ~ & %$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�4��������������y�m�a���$�D�X������A��������=PF0*8X> �@��5                       l � Y�  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�OROR (1)Income Statement!ITEM 1 FINANCIAL STATEMENTS UNA Balance SheetITEM 1 FINANCIAL (1)ITEM 1 FINANCIAL (2) Cash FlowsNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 6 EARNINGS PER SHARENOTE 7 INVENTORIESNOTE 8 INTANGIBLE ASSETSNOTE 8 INTANGIBLE (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)!NOTE 12 ACCUMULATED OTHER COMPR NOTE 12 ACCUMULATED OTHER (1)BUSINESS ENVIRONMENTBUSINESS ENVIRO (1)RESULTS OF OPERATIONSRESULTS OF OPER (2)!LIQUIDITY AND CAPITAL RESOURCES!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITS NO TITLEU } I"}  $ } $} U} $ } $} U} $   � � � � � � � � � � � � � � � � � � � � � � � � � � � �BAKER HUGHES INC 10-Q 10/21/2014RESULTS OF OPERATIONS                               (  Three Months Ended September 30, ~   % ' Nine Months Ended September 30, ~   % ~ z ~ v  Change  Change ~ z ~ v  Change  Change# Profit (Loss) Before Taxes:                    North America~ �  ~ �  ~ V  ~ v % ~ J  ~ �   ~ �  ~ � % Latin America~ ~ ����~  z    N/M~ �~ "~ �~   %$Europe/Africa/Russia Caspian~ n~ �~  ����  ~  >��� %)~ �~ �~ ����~ ���� %) Middle East/Asia Pacific~ n~ V~    ~   %~ ~ �~ 6~ V %Industrial Services~ �~ �~  ����  ~  ���� %)~ �~ �~ ����~ ���� %)Total Operations~ r ~ � ~  �  ~  > %~ !~ �~ B~ r %Corporate and other~ ����~ ���~  ����  ~  J %~ ����~ "���~ ����~ : %Interest expense, net~ ���~ ���~  ����  ~    %~ F���~ N���~ ����~  %Litigation settlements     %~  ���~  ��� % Total~ j ~ ~  R  ~  B %~ ~ :~ �~ v %$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�<4������������y�m�a���$�D�E����w�-�����_�������e�=PF0*8X> �@�JI                          l � Ư  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�OROR (1)Income Statement!ITEM 1 FINANCIAL STATEMENTS UNA Balance SheetITEM 1 FINANCIAL (1)ITEM 1 FINANCIAL (2) Cash FlowsNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 6 EARNINGS PER SHARENOTE 7 INVENTORIESNOTE 8 INTANGIBLE ASSETSNOTE 8 INTANGIBLE (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)!NOTE 12 ACCUMULATED OTHER COMPR NOTE 12 ACCUMULATED OTHER (1)BUSINESS ENVIRONMENTBUSINESS ENVIRO (1)RESULTS OF OPERATIONSRESULTS OF OPER (1)!LIQUIDITY AND CAPITAL RESOURCES!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITS NO TITLEU } -} $ } U} $}  $ } U} $} $ } U} $} $ } U} $ ��������� � � � � ���������BAKER HUGHES INC 10-Q 10/21/2014RESULTS OF OPERATIONS                             (  Three Months Ended September 30, ' Nine Months Ended September 30, ~ z ~ v ~ z ~ v ~   % ~   % ~   % ~   % Revenue~ �a  ~ � % ~ nZ  ~ � % ~ �  ~ � % ~ �  ~ � %Cost of revenue~ �O~ J %~ :J  ~  J  %~ ��~ F %~ ��~ N % Research and engineering~ ~~  %~ :  ~     %~ 6~  %~ B~   %-%Marketing, general and administrative~ ~  %~ �  ~    %~ F~  %~ *~  %$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�0 �������������y�m�a����:�n�3�����K�?�3� �=PF0*8X> �@� !                     l � ��  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�OROR (1)Income Statement!ITEM 1 FINANCIAL STATEMENTS UNA Balance SheetITEM 1 FINANCIAL (1)ITEM 1 FINANCIAL (2) Cash FlowsNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 6 EARNINGS PER SHARENOTE 7 INVENTORIESNOTE 8 INTANGIBLE ASSETSNOTE 8 INTANGIBLE (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)!NOTE 12 ACCUMULATED OTHER COMPR NOTE 12 ACCUMULATED OTHER (1)BUSINESS ENVIRONMENTBUSINESS ENVIRO (1)RESULTS OF OPERATIONSRESULTS OF OPER (1)RESULTS OF OPER (2)!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITS NO TITLEU } �} $ ��������� � � � � ������BAKER HUGHES INC 10-Q 10/21/2014'LIQUIDITY AND CAPITAL RESOURCES          (In millions)~ z ~ v Operating activities~ j  ~ �!  Investing activities~ ����  ~ ����  Financing activities~ ���  ~ 6��� $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�*�h����������{�o�c�W�����V�������~�V�=PF0*8X> �@�Z          l � �  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�OROR (1)Income Statement!ITEM 1 FINANCIAL STATEMENTS UNA Balance SheetITEM 1 FINANCIAL (1)ITEM 1 FINANCIAL (2) Cash FlowsNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 6 EARNINGS PER SHARENOTE 7 INVENTORIESNOTE 8 INTANGIBLE ASSETSNOTE 8 INTANGIBLE (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)!NOTE 12 ACCUMULATED OTHER COMPR NOTE 12 ACCUMULATED OTHER (1)BUSINESS ENVIRONMENTBUSINESS ENVIRO (1)RESULTS OF OPERATIONSRESULTS OF OPER (1)RESULTS OF OPER (2)!LIQUIDITY AND CAPITAL RESOURCESITEM 6 EXHIBITS NO TITLEU } �}  } $ }  } $ ��������� � � � � ����������BAKER HUGHES INC 10-Q 10/21/2014KCITEM 2.UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS               Period, $Total Number of Shares Purchased (1) (  Average Price Paid Per Share (2) 0 (Total Number of Shares Purchased as Part  Maximum Number        + #of a Publicly Announced Program (3) % (or Approximate Dollar Value)           ! of Shares that May Yet Be           ' Purchased Under the Program (4)July 1-31, 2014~ b�ףp= �Q@~ ��   ���,�A August 1-31, 2014~ F � Q@~ ��   q���A September 1-30, 2014~ �j�����)Q@~ �]   ���I�A  Total~ �D�H�z�7Q@~ VO�    $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�2� ���������c�W�K�?�3�������>�����/�{���������=PF0*8X> �@��          l � &a��  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�OROR (1)Income Statement!ITEM 1 FINANCIAL STATEMENTS UNA Balance SheetITEM 1 FINANCIAL (1)ITEM 1 FINANCIAL (2) Cash FlowsNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 6 EARNINGS PER SHARENOTE 7 INVENTORIESNOTE 8 INTANGIBLE ASSETSNOTE 8 INTANGIBLE (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)!NOTE 12 ACCUMULATED OTHER COMPR NOTE 12 ACCUMULATED OTHER (1)BUSINESS ENVIRONMENTBUSINESS ENVIRO (1)RESULTS OF OPERATIONSRESULTS OF OPER (1)RESULTS OF OPER (2)!LIQUIDITY AND CAPITAL RESOURCES!ITEM 2 UNREGISTERED SALES OF EQ NO TITLEU } y } $ } U5 &��������� � � � � �������������������BAKER HUGHES INC 10-Q 10/21/2014ITEM 6.EXHIBITSQQQQQQQQQCraighead,QQ++++++++++++++++Ragauss, Senior3+Vice President and Chief Financial Officer,/'furnished pursuant to Rule 13a-14(a) of/'the Securities Exchange Act of 1934, asamended. 32*2*Statement of Martin S.Craighead, Chairman.&and Chief Executive Officer, and Peter3+A.Ragauss, Senior Vice President and Chief-%Financial Officer, furnished pursuant4,to Rule 13a-14(b) of the Securities Exchange Act of 1934, as amended. 95*Mine Safety Disclosure.101.INS*XBRL Instance Document101.SCH*XBRL Schema Document101.CAL**"XBRL Calculation Linkbase Document101.LAB*$XBRL Label Linkbase Document101.PRE*+#XBRL Presentation Linkbase Document�D^ l������������~�r�f�B�����`������H�������5�����S������G���� �!�"�#�$�%� 101.DEF* ) !XBRL Definition Linkbase Document!"$#____________________________1$)Created by Morningstar Document Research.0%(http://documentresearch.morningstar.com/�nd������s�=PF0*8X> �@�%%$$## l � a�  d����MbP?_*+��%����,����&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�OROR (1)Income Statement!ITEM 1 FINANCIAL STATEMENTS UNA Balance SheetITEM 1 FINANCIAL (1)ITEM 1 FINANCIAL (2) Cash FlowsNOTE 3 SEGMENT INFORMATIONNOTE 3 SEGMENT (1)NOTE 6 EARNINGS PER SHARENOTE 7 INVENTORIESNOTE 8 INTANGIBLE ASSETSNOTE 8 INTANGIBLE (1) NOTE 10 EMPLOYEE BENEFIT PLANSNOTE 10 EMPLOYEE BENEFIT (1)!NOTE 12 ACCUMULATED OTHER COMPR NOTE 12 ACCUMULATED OTHER (1)BUSINESS ENVIRONMENTBUSINESS ENVIRO (1)RESULTS OF OPERATIONSRESULTS OF OPER (1)RESULTS OF OPER (2)!LIQUIDITY AND CAPITAL RESOURCES!ITEM 2 UNREGISTERED SALES OF EQITEM 6 EXHIBITSU } -} � } I } � } � } I } $ } � } 0} � } � } y ��������� � � � � �������������BAKER HUGHES INC 10-Q 10/21/2014NO TITLE               # 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 1 (2)~ ~ ~ ~ ~ ~    N  N~  ~  ~ %Argenta Mine and Mill/2601152~ ~ ~ ~ ~ ~ ~    N  N~  ~  ~ -%Corpus Christi Grinding Plant/4103112~ ~ ~ ~ ~ ~ ~    N  N~  ~  ~ $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�8T ���������������z�n�������������:������@�]�Q�E��=PF0*8X> �@�J     Root Entry�������� �F����Book ������������ &�  !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~������������������������������������������������������������������������������������������������������������������������������������������������������������������