��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#܈ ~~��9#܈ ~~��4#܈ ~~��3#܈ ~~��7#܈ ~~��8��3f��ff��f��̙��̙3f�3��fff��3f3�f333�3�3f33��Form 10K�cTable of Contents��>ITEM 2 PROPERTIES�%LTITEM 6 SELECTED FINANCIAL DATA�!{vOil and Natural Gas Prices�M�Baker Hughes Rig Count�&��Revenue and Segment Operating I�&ŤRevenue and Segment Operati (1)�S� Cash Flows��Contractual Obligations��INTEREST RATE RISK�&��CONSOLIDATED AND COMBINED STATE�&VCONSOLIDATED AND COMBINED S (1)�&�(CONSOLIDATED STATEMENTS OF FINA�&GCONSOLIDATED AND COMBINED S (2)�&�uCONSOLIDATED AND COMBINED S (3)�q�DISAGGREGATED REVENUE�W�BUSINESS ACQUISITION�&��Notes to Consolidated and Combi�&��UNAUDITED PRO FORMA INFORMATION�!��NOTE 4 CURRENT RECEIVABLES��NOTE 5 INVENTORIES�& �NOTE 6 PROPERTY PLANT AND EQUIP�GOODWILL�@&OTHER INTANGIBLE ASSETS�"�>OTHER INTANGIBLE ASSETS (1)�&�LNOTE 8 CONTRACT AND OTHER DEFER�&]NOTE 9 PROGRESS COLLECTIONS AND��kNOTE 10 LEASES��yNOTE 10 LEASES (1)�]�NOTE 10 LEASES (2)�'�NOTE 11 BORROWINGS�&ǰNotes to Consolidated and C (1)�&G�Notes to Consolidated and C (2)�&Q�Notes to Consolidated and C (3)��Net Periodic Cost Income�&~Assumptions Used in Benefit Cal�&kNotes to Consolidated and C (4)�&�0Accumulated Other Comprehensive�&�ANotes to Consolidated and C (5)�SFunding Policy�&8dNotes to Consolidated and C (6)�&�vNotes to Consolidated and C (7)�&*�Notes to Consolidated and C (8)�&'�Notes to Consolidated and C (9)�&<�Notes to Consolidated and (10)��NOTE 14 MEMBERS EQUITY�&��ACCUMULATED OTHER COMPREHEN (1)�&h�RECURRING FAIR VALUE MEASUREMEN�&�RECURRING FAIR VALUE MEASUR (1)�&�RECURRING FAIR VALUE MEASUR (2)��*DERIVATIVES AND HEDGING�T<Cash flow hedges�MLEconomic Hedges�B^SEGMENT RESULTS��nSEGMENT RESULTS (1)�&��Notes to Consolidated and (11)�&d�Notes to Consolidated and (12)�&��Notes to Consolidated and (13)�&�RESTRUCTURING AND IMPAIRMENT CH�&��RESTRUCTURING AND IMPAIRMEN (1)�i�Product Warranties�&��Allowance for doubtful accounts�&h�NOTE 21 QUARTERLY DATA UNAUDITE�&TITEM 14 PRINCIPAL ACCOUNTING FE�&� ITEM 15 EXHIBITS AND FINANCIAL �"?LYear Ended December 31 2019 l �� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�BTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }y }�}�+ �� BAKER HUGHES a GE Co LLC10-K 02/13/2020 Form 10-K Delaware 76-02079955-(State or other jurisdiction of incorporation,$(I.R.S.Employer Identification No.)or organization) #17021 Aldine Westfield RoadHouston, Texas 77073-51010((Address of principal executive offices) (Zip Code)$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�0��}�q�e�A��n�;��v�=PF0*8X> �@�B l �K 1o;s> d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }y }:}y K�� BAKER HUGHES a GE Co LLC10-K 02/13/2020Table of Contents Page No.Part I Item 1. Business~ Item 1A.Risk Factors~ .Item 1B.!Unresolved Staff Comments~ NItem 2. Properties~ NItem 3.Legal Proceedings~ NItem 4.Mine Safety Disclosures~ NPart IIItem 5..&Market for Registrant's Common Equity,~ R.&Related Stockholder Matters and Issuer&Purchases of Equity SecuritiesItem 6.Selected Financial Data~ RItem 7.,$Management's Discussion and Analysis~ Z80of Financial Condition and Results of OperationsItem 7A.0(Quantitative and Qualitative Disclosures~ �About Market RiskItem 8..&Financial Statements and Supplementary~ �Data�D5l��u�i�]�9� ��P� ��P�,��L��9�� !�"�#�$�%�&�'�(�)�*�+�,�-�.�/�0�1�2�3�4�5�6�7�8�9�:�;�<�=�>�?� / 'Management's Report on Internal Control~ �! !Over Financial Reporting"/"'Report of Independent Registered Public~ "�##Accounting Firm$,$$Consolidated and Combined Statements~ $�%%of Income (Loss)&,&$Consolidated and Combined Statements~ &�'&'of Comprehensive Income (Loss)(,($Consolidated Statements of Financial~ (�))Position*,*$Consolidated and Combined Statements~ *�+%+of Changes in Members' Equity,,,$Consolidated and Combined Statements~ ,�-- of Cash Flows.4.,Notes to Consolidated and Combined Financial~ .�// Statements0Item 9.50-Changes in and Disagreements With Accountants~ 0v1.1&on Accounting and Financial Disclosure2Item 9A.2Controls and Procedures~ 2v3Item 9B.3Other Information~ 3v44455Part III56667Item 10.37+Directors, Executive Officers and Corporate~ 7z88 Governance9Item 11.9Executive Compensation~ 9z:Item 12.0:(Security Ownership of Certain Beneficial~ :z;5;-Owners and Management and Related Stockholder<<Matters=Item 13.7=/Certain Relationships and Related Transactions,~ =z>!>and Director Independence?Item 14..?&Principal Accounting Fees and Services~ ?z�D l��6��S��i�4��s�Q��t�5��h�F��g�H��@�A�B�C�D�E�F�G�H�I�J�@@@AAPart IVABBBCItem 15./C'Exhibits, Financial Statement Schedules~ C�DItem 16.DForm 10-K Summary~ D�EE Signatures~ E�FG$H____________________________1I)Created by Morningstar Document Research.0J(http://documentresearch.morningstar.com/��8��=PF0*8X> �@�JJIIHH l �'�Q�S d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of Contents ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }�*}$ }I; '�� BAKER HUGHES a GE Co LLC10-K 02/13/2020ITEM 2.PROPERTIES Oilfield Services: - %Houston, Pasadena, and The Woodlands,3+Texas!破绿与Claremore俄克拉荷马州######################################leduct+++++++++++策尔德Tananger, Norway;/'Aberdeen, Scotland!Liverpool, England;,$Macae, Brazil!Singapore, Singapore;.&Kakinada, India!尼姆尔阿曼市阿布扎比#####和迪拜阿拉伯联合酋长国Dhahran,4,Saudi Arabia!罗安达Port Harcourt,NigeriaOilfield Equipment:2*Houston and Humble, Texas - located in the3+United States!Montrose苏格兰Nailsea,0(England!Niteroi巴西Suzhou, China;Dammam, Saudi Arabia+#Turbomachinery & Process Solutions:2*Deer Park, Texas and Jacksonville, Florida0(- located in the United States!Florence91and Massa, Italy!leCreusot法兰西Coimbatore, IndiaDigital Solutions:,$Billerica, Massachusetts and Minden,�Dg l��t�h�\�8��@��`��y�N�*��z�.��a�� !�"�#�$�%�&� 5 -Nevada - located in the United States!Groby,!!1!)England!香农爱尔兰Hurth, Germany"#$$____________________________1%)Created by Morningstar Document Research.0&(http://documentresearch.morningstar.com/��x��b�V�J�"�=PF0*8X> �@�&&%%$$ l �,$m�r d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIESOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }U5}$ ,�� BAKER HUGHES a GE Co LLC10-K 02/13/2020'ITEM 6.SELECTED FINANCIAL DATA # Year Ended December 31, (1).&(In millions, except per unit amounts)~ �~ �~ �~ �~ ~Revenue~ zt~ ve~ n ~ j�~ � Cost of revenue~ :/~ .'~ �� ~ ��~ ��+#Selling, general and administrative~ B,~ .*~ �' ~ ~ !/'Restructuring, impairment and other (2)~ Z~ �~ r ~ ~ nGoodwill impairment (3) - - - -~ � )!Separation and merger related (4)~ �~ f~ � ~ �~ nOperating income (loss)~ �~ � ~ �� ~ &~ ��.&Other non operating income (loss), net~ ��~ *~ B ~ ~ �Interest expense, net~ N��~ ��~ �� ~ j��~ "��4,Income (loss) before income taxes and equity~ �~ � ~ �� ~ �~ ��in loss of affiliate#Equity in loss of affiliate -~ ��~ �� - -Income tax provision~ ��~ ��~ �� ~ N��~ ��Net income (loss)~ V~ .~ R�� ~ �~ &��/'Less: Net income (loss) attributable to~ �~ N~ ~ ��~ �� noncontrolling interests/'Net income (loss) attributable to Baker~ �~ �~ 6�� ~ �~ ��!Hughes, a GE company, LLC �D�l��s�g�[�O��\��O��j��c��[��8��B��i� �!�"�#�$�%�&�'�(�)�*�+�) !Cash distribution per common unit ףp= �? ףp= �? ffffff�? !!!!! ! "Balance Sheet Data:"""" " %#Cash and cash equivalents (5)~ #�2#~ #v9#~ #�m# ~ # V#~ # b#$Total assets~ $v?$~ $*0$~ $Bp$ ~ $ jO$~ $ vi$%Long-term debt~ %vb%~ %6b%~ %�b% ~ % �%~ % 6%&Total equity~ &�&~ &� &~ &�W& ~ & "�&~ & F�&'($)____________________________1*)Created by Morningstar Document Research.0+(http://documentresearch.morningstar.com/�V�a��y��C�7�+��=PF0*8X> �@�Zk++**))&&&&&&&& && %%%%%%%% %% $$$$$$$$ $$ ######## ## l �� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATABaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }'}$ �� BAKER HUGHES a GE Co LLC10-K 02/13/2020"Oil and Natural Gas Prices ~ � ~ �$Brent oil prices ($/Bbl) (1)R��P@�(\��Q@"WTI oil prices ($/Bbl) (2)= ףp}L@��Q�NP@( Natural gas prices ($/mmBtu) (3) {�G�z@ 333333 @ $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�*�h��x�l�`�T��P��n�b�V�.�=PF0*8X> �@�Z l �%� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas Prices!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }m}� }$ }� }$ �� BAKER HUGHES a GE Co LLC10-K 02/13/2020Baker Hughes Rig Count ~ � ~ � North America~ �~ International~ &~ r Worldwide~ �! ~ �" $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�*Ph��|�p�d�X��*��=PF0*8X> �@�* l �� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }m)} $ � � � � � � � � � � � � � � � � � � � � � � � BAKER HUGHES a GE Co LLC10-K 02/13/20207/Revenue and Segment Operating Income Before Tax Year Ended December 31, $ Change~ �~ �From 2018 to 2019Revenue: Oilfield Services~ f� ~ �� ~ � Oilfield Equipment~ �-~ F)~ b *"Turbomachinery & Process Solutions~ �V~ �]~ �� Digital Solutions~ �&~ �(~ B�� Total~ zt~ ve~ $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�2��o�c�W�K�?��?��0��I��=PF0*8X> �@�� l �$ �B� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }�0} $ $ � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � BAKER HUGHES a GE Co LLC10-K 02/13/20207/Revenue and Segment Operating Income Before Tax Year Ended December 31, $ Change~ �~ �From 2018 to 2019!Segment operating income: Oilfield Services~ V ~ F ~ Oilfield Equipment~ � -~ � *"Turbomachinery & Process Solutions~ >~ � ~ � Digital Solutions~ ^~ ~ F�� &Total segment operating income~ �~ ~ � Corporate~ >��~ ��~ �� 0(Inventory impairment and related charges -~ ^��~ � ~ ��+#Restructuring, impairment and other~ ��~ >��~ n %Separation and merger related~ "��~ ��~ �� Operating income~ �~ � ~ � .&Other non operating income (loss), net~ ��~ *~ �� Interest expense, net~ N��~ ��~ �� 0(Income before income taxes and equity in~ �~ � ~ & loss of affiliate#Equity in loss of affiliate -~ ��~ . "Provision for income taxes~ ��~ ��~ �� Net income~ V~ .~ * �D�l��o�c�W�K�?��?�� 9��^��R��q��o�� ! �" �# � $!____________________________1")Created by Morningstar Document Research.0#(http://documentresearch.morningstar.com/��<��=PF0*8X> �@��8## "" !! l �� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1)Contractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }�}$ �� BAKER HUGHES a GE Co LLC10-K 02/13/2020 Cash Flows (In millions)~ �~ �Operating activities~ �!~ *Investing activities~ ��~ �� Financing activities~ �� ~ �� $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�*Fh��|�p�d��3��=PF0*8X> �@�Z l �� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }�0}$ �� BAKER HUGHES a GE Co LLC10-K 02/13/2020Contractual Obligations Payments Due by Period (In millions) Total Less Than 1 - 3 4 - 5 More Than1 Year Years Years5 Years0 (Total debt and finance lease obligations~ *d ~ � ~ � ~ r ~ BH ~ ��'Estimated interest payments (2)~ f8~ �~ j~ >~ 'Operating leases (3)~ �~ �~ �~ �~ � Purchase obligations (4)~ �~ b~ �~ V~ > Total~ �~ � ~ n$~ �~ zt$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�4� ��{�o�c�W�g�9��I�s��p�=PF0*8X> �@�2& l �� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual Obligations!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }�%}$ }$}$ }$} $ }$}$ }$}$ }$}$ }$}$ }$ �� BAKER HUGHES a GE Co LLC10-K 02/13/2020INTEREST RATE RISK (In millions)~ � ~ � ~ � ~ � ~ � Thereafter Total (2)As of December 31, 2019 Long-term debt (1) $- $-~ � $-~ �~ �G~ .]' Weighted average interest rates - % - % ףp= @ % - % = ףp=@ % ��(\�@ % ��Q� @ %$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�*h��t�h�\��:�{�_�"�� =PF0*8X> �@�� l �+� � d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }�8}$ }$}$ }$}$ } $ + � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � BAKER HUGHES a GE Co LLC10-K 02/13/2020=5CONSOLIDATED AND COMBINED STATEMENTS OF INCOME (LOSS) Year Ended December 31,.&(In millions, except per unit amounts)~ �~ �~ �Revenue: Sales of goods~ �� ~ �� ~ ڬ Sales of services~ ��~ ��~ �_ Total revenue~ zt~ ve~ n Costs and expenses:Cost of goods sold~ Z�~ �~ :� Cost of services sold~ �v~ s~ �H +#Selling, general and administrative~ B,~ .*~ �' +#Restructuring, impairment and other~ Z~ �~ r %Separation and merger related~ �~ f~ � Total costs and expenses~ �c~ �Z~ � Operating income (loss)~ �~ � ( 284 ).&Other non operating income (loss), net( 84 )~ *~ B Interest expense, net ( 237 ) ( 223 ) ( 131 )4,Income (loss) before income taxes and equity~ �~ � ( 335 )in loss of affiliate#Equity in loss of affiliate - ( 139 )( 11 )"Provision for income taxes ( 476 ) ( 402 ) ( 146 )Net income (loss)~ V~ . ( 492 )7/Less: Net income attributable to noncontrolling~ �~ N~ �D�l��i�]�Q�E�9��6��i��6��8�� ! �" �# �$ �% �& �' �( �) �* � interests/!'Net income (loss) attributable to Baker~ !�!~ !�!!$( 499 ! )!"Hughes, a GE company, LLC####$$$$)%!Cash distribution per common unit% ףp= �?%% ףp= �?%%ffffff�?% &'$(____________________________1))Created by Morningstar Document Research.0*(http://documentresearch.morningstar.com/�,��e�@��Y�M�A��=PF0*8X> �@�@** )) (( %%%%%%!!!!!! l �$�%' d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }�8}$ }$}$ }$}$ } $ $ � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � BAKER HUGHES a GE Co LLC10-K 02/13/2020KCCONSOLIDATED AND COMBINED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) Year Ended December 31, (In millions)~ �~ �~ �Net income (loss)~ V~ .$( 492 )7 /Less: Net income attributable to noncontrolling~ � ~ N ~ interests/'Net income (loss) attributable to Baker~ �~ � ( 499 )!Hughes, a GE company, LLC*"Other comprehensive income (loss):Investment securities~ ( 3 )~ 0(Foreign currency translation adjustments~ � ( 502 )( 14 )Cash flow hedges~ 2( 4 )~ 2 Benefit plans( 75 )( 64 )~ � )!Other comprehensive income (loss)( 8 ) ( 573 )~ � 5-Less: Other comprehensive income attributable - -~ #to noncontrolling interests6.Other comprehensive income (loss) attributable( 8 ) ( 573 )~ � *"to Baker Hughes, a GE company, LLC#Comprehensive income (loss)~ 6 ( 434 ) ( 435 )/'Less: Comprehensive income attributable~ �~ N~ * #to noncontrolling interests0(Comprehensive income (loss) attributable~ �$( 453 )$( 445 )*"to Baker Hughes, a GE company, LLC�D�l��[�O�C�7�+��A��H�3��7��=��d��^�7��{��}�V� �! �" �# � $!____________________________1")Created by Morningstar Document Research.0#(http://documentresearch.morningstar.com/��<��=PF0*8X> �@�r.## "" !! l �8�;�D d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }�8}$ }$}$ }$ 8�� BAKER HUGHES a GE Co LLC10-K 02/13/20205-CONSOLIDATED STATEMENTS OF FINANCIAL POSITION December 31, (In millions)~ �~ �ASSETS Current Assets: %Cash and cash equivalents (1)~ �2~ v9 Current receivables, net~ ne~ �^Inventories, net~ H~ 2H All other current assets~ �~ � Total current assets~ ��~ Z�7/Property, plant and equipment, less accumulated~ �a~ RadepreciationGoodwill~ �>~ ?$Other intangible assets, net~ T~ ^Y*"Contract and other deferred assets~ f~ �All other assets~ �/~ �Deferred income taxes~ ~ �Total assets (1)~ v?~ *0LIABILITIES AND EQUITYCurrent Liabilities:Accounts payable~ �B~ �>.&Short-term debt and current portion of~ ~ �long-term debt (1)�D� l��q�e�Y�M�A��O��J��/��s��l��r� �!�"�#�$�%�&�'�(�)�*�+�,�-�.�/�0�1�2�3�4�5�6�7�0 (Progress collections and deferred income~ �, ~ � %!All other current liabilities~ !�'!~ !�#!!"Total current liabilities~ "*�"~ "��"#Long-term debt~ #vb#~ #6b#$Deferred income taxes $-$~ $z$3%+Liabilities for pensions and other employee~ %�%~ %�%&benefits'All other liabilities~ 'F'~ ''(Members' Equity:((.)&Members' capital (common units 1,027 &~ )B)~ ):K)4*,1,035, issued and outstanding as of December(+ 31, 2019 and 2018, respectively), Retained loss ,( 110 ,) ,( 354 ,),-$Accumulated other comprehensive loss-( 2,589 -)-( 2,462 -)0.(Baker Hughes, a GE company, LLC members'~ .�.~ .:./equity 0Noncontrolling interests~ 0�0~ 0�01Total equity~ 1�1~ 1� 1$2Total liabilities and equity~ 2v?2~ 2*0234$5____________________________16)Created by Morningstar Document Research.07(http://documentresearch.morningstar.com/�4Z��;��@��l�8��n��A�/��/�#��=PF0*8X> �@�@776655222211110000....----,,,,))))''''%%%%$$$$####""""!!!! l �@�_�q d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }$4}$ }$}$ }$}$ } $} $ }$} $ }$}$ }$ @�� BAKER HUGHES a GE Co LLC10-K 02/13/2020JBCONSOLIDATED AND COMBINED STATEMENTS OF CHANGES IN MEMBERS' EQUITY . &(In millions, except per unit amounts) Members' Capital Parent's Net Investment Retained Loss, $Accumulated Other Comprehensive Loss! Non-controlling Interests Total$Balance at December 31, 2016 $-~ � $- $( 1,888 )~ �~ "�Comprehensive income: Net income ~ � ~ ~ � )!Other comprehensive income (loss) ( 69 )~ ( 66 )*"Changes in Parent's net investment~ z ( 13 ) ~ F .&Net activity related to noncontrolling ~ ~ interests*"Cash contribution received from GE~ �s ~ �s2*Issuance of common units to GE on business~ �{( 24,305 ) -combination0(Issuance of common units to Baker Hughes~ z� ~ 2~ ��on business combination$Distribution to Baker Hughes( 7,498 ) ( 7,498 ).&Activity after business combination of July 3, 2017:Net income (loss) ( 541 ) ~ ( 538 )"Other comprehensive income~ � ~ �3+Regular cash distribution to members ($0.35 ( 406 ) ( 406 ) per unit).&Net activity related to noncontrolling( 56 ) ( 32 ) ( 117 ) ( 205 ) interests�D�l��\�P�D�8�,�H�X��$��T��i�R��w�^��=�� !�"�#�$�%�&�'�(�)�*�+�,�-�.�/�0�1�2�3�4�5�6�7�8�9�:�;�<�=�>�?�" Repurchase of common units ( 501 ) ( 501 )-!%Baker Hughes Stock-based compensation~ !�!!!! ! ~ !�!"cost #Other#( 1 #)### ( 2 #)# #( 3 #)$$Balance at December 31, 2017~ $�{$ $-$ $( 541 $ )$ ( 1,881 $)~ $ 2$~ $�W$2%*Effect of adoption of ASU 2016-16 on taxes%%~ %% % % ~ %%$&Comprehensive income (loss):&&&& & &' Net income''~ '�' ' ~ ' N'~ '.' (Other comprehensive loss((( ( ( 573 ()( (( 573 ()3)+Regular cash distribution to members ($0.72 )( 787 ))))) ) )( 787 ))* per unit)*+"Other cash distribution to members+( 37 +)+++ + +( 37 +)",Repurchase of common units,( 2,461 ,),,, , ,( 2,461 ,)--%Baker Hughes Stock-based compensation~ -�---- - ~ -�-.cost /Other~ ///// ( 8 /)/ ( 49 /)~ /./$0Balance at December 31, 2018~ 0:K0 0-0 0( 354 0 )0 ( 2,462 0)~ 0 �0~ 0� 0$1Comprehensive income (loss):1111 1 12 Net income2222~ 2�2 2 2~ 2 �2~ 2V2 3Other comprehensive loss333333 3 ( 8 3)3 33( 8 3)34+Regular cash distribution to members ($0.72 4( 745 4)4444 4 44 4 4( 745 4)5 per unit)"6Repurchase of common units 6( 250 6)6666 6 66 6 6( 250 6)-7%Baker Hughes Stock-based compensation~ 7�77777 7 77 7~ 7�78cost 9Other~ 9�999~ 99 9 ( 119 9)9 ( 31 9)~ 969$:Balance at December 31, 2019~ :B: :$-::$( 110 : ): $( 2,589 :)~ : �:~ :�:;<$=____________________________1>)Created by Morningstar Document Research.0?(http://documentresearch.morningstar.com/�D�ln��@�s��i��Q��k��0�c��G��Z��~�r�J�=PF0*8X> �@�Zk??>>==:::::::: :: ::999999 99 9977776666444433 332222 2200000000 00 00//// // //----,,,,++++))))(( (('''' ''%%%%$$$$$$$$ $$ $$#### ##!!!! l �Dߊ�� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }:}$ }$}$ }$}$ } $ D � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � BAKER HUGHES a GE Co LLC10-K 02/13/2020:2CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS Year Ended December 31, (In millions)~ �~ �~ �-%Cash flows from operating activities: Net income (loss)~ V ~ . $( 492 )2*Adjustments to reconcile net income (loss)2*to net cash flows from (used in) operatingactivities:%Depreciation and amortization~ *~ :~ > /'Provision (benefit) for deferred income~ �( 98 ) ( 232 ) taxes'Loss (gain) on sale of business~ * ( 171 ) - #Equity in loss of affiliate -~ .~ . 4,Changes in operating assets and liabilities:Current receivables ( 521 ) ( 160 )( 1,304 )Inventories ( 200 ) ( 339 )~ � Accounts payable~ ~ �~ � 0(Progress collections and deferred income~ �( 27 ) ( 293 )*"Contract and other deferred assets( 60 )~ ( 439 )"Other operating items, net ( 343 )( 98 )~ 2 /'Net cash flows from (used in) operating~ �!~ * ( 798 ) activities�D�l��l�`�T�H�<��R��3��o��Z��8��,��,� �! �" �# �$ �% �& �' �( �) �* �+ �, �- �. �/ �0 �1 �2 �3 �4 �5 �6 �7 �8 �9 �: �; �< �= �> �? �- %Cash flows from investing activities: '!Expenditures for capital assets!( 1,240 !) !( 995 !) !( 665 ! )(" Proceeds from disposal of assets~ """~ "*"~ "�" +##Proceeds from business dispositions~ #6#~ ##~ #R# &$Net cash paid for acquisitions $-$$( 89 $)$( 3,365 $ ),%$Net cash paid for business interests %( 176 %) %( 530 %)%( 10 % )"&Other investing items, net~ &z&~ &�& &( 275 & )3'+Net cash flows used in investing activities'( 1,045 ') '( 578 ')'( 4,123 ' )((((-)%Cash flows from financing activities:)))/*'Net repayments of short-term borrowings *( 542 *) *( 376 *) *( 663 * )/+'Proceeds from the issuance of long-term~ +6+ +-+~ +b=+ ,debt$-Repayments of long-term debt -( 570 -) -( 684 -) -( 177 - ) .Distributions to members .( 745 .) .( 824 .) .( 406 . )"/Repurchase of common units /( 250 /)/( 2,486 /) /( 477 / ) 0Net transfer from Parent 0-0 0-0~ 0j0 %1Contribution received from GE 1-1 1-1~ 1�s1 "2Other financing items, net~ 2�22( 11 2) 2( 189 2 )/3'Net cash flows from (used in) financing3( 1,534 3)3( 4,381 3)~ 3��3 4 activities05(Effect of currency exchange rate changes5( 21 5) 5( 128 5)~ 5�5 $6on cash and cash equivalents870Increase (decrease) in cash and cash equivalents 7( 432 7)7( 3,349 7)~ 7v^7 /8'Cash and cash equivalents, beginning of~ 8v98~ 8�m8~ 8V8 9period0:(Cash and cash equivalents, end of period~ :�2:~ :v9:~ :�m: ;;;;,<$Supplemental cash flows disclosures:<<<)=!Income taxes paid, net of refunds~ =�=~ =�=~ =�= > Interest paid~ >v>~ >�>~ >�> ?�D\l��$��-��$��u��u��g�?��*��f��@ �A �B �C �@$A____________________________1B)Created by Morningstar Document Research.0C(http://documentresearch.morningstar.com/��<��=PF0*8X> �@�jmCC BB AA >>>>>>======::::::888888777777555555333333222222111111000000//////......------++++++******''''''&&&&&&%%%%%%$$$$$$######""""""!!!!!! l �p� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)BUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }m} $ � � � � � � � � � � � � � � � � � � � BAKER HUGHES a GE Co LLC10-K 02/13/2020DISAGGREGATED REVENUE Total Revenue~ �~ �~ �U.S.~ �`~ �f~ �D Non-U.S.~ �~ ��~ �� Total~ zt ~ ve ~ n $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�*�h��}�q�e�Y��@��s�g�?�=PF0*8X> �@�z l �$Ŀ�� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUE!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }:}$ }$ $�� BAKER HUGHES a GE Co LLC10-K 02/13/2020BUSINESS ACQUISITION 0 (Preliminary identifiable assets acquired" Fair Value at July 3, 2017and liabilities assumedAssets Cash and equivalents~ �@ Current receivables~ �$Inventories~ �%Property, plant and equipment~ �FIntangible assets (1)~ �>!Deferred income taxes (2)~ zAll other assets~ �LiabilitiesAccounts payable$( 1,213 ) Borrowings( 3,370 )80Liabilities for pension and other postretirement ( 654 )benefitsAll other liabilities( 1,670 )%Total identifiable net assets~ r�/'Noncontrolling interest associated with( 35 )net assets acquiredGoodwill (3)~ ��$Total purchase consideration~ z��D�l��~�r�f�Z�*��U��m�.��b��p� �� !�"�#� $!____________________________1")Created by Morningstar Document Research.0#(http://documentresearch.morningstar.com/��<��=PF0*8X> �@��##""!! l �� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }�*}$ }� �� BAKER HUGHES a GE Co LLC10-K 02/13/2020?7Notes to Consolidated and Combined Financial Statements Fair Value WeightedAverage Life (Years)!Trade name - Baker Hughes~ � Indefinite life Customer relationships~ b ~ >Patents and technology~ F~ *+#In-process research and development~ Indefinite lifeCapitalized software~ ~ Trade names - other~ �~ **"Favorable lease contracts & others~ V~ * Total~ �>$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�6��g�[�O�C�7��u��#��>��=PF0*8X> �@�b l �� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and CombiNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }�+}$ }$ �� BAKER HUGHES a GE Co LLC10-K 02/13/2020'UNAUDITED PRO FORMA INFORMATION ~ �Revenue~ FUNet loss ( 586 ), $Net loss attributable to the Company ( 592 )$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�*�h��s�g�[�O��X�L�@��=PF0*8X> �@�: l �� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }-}$ }$}$ }$ �� BAKER HUGHES a GE Co LLC10-K 02/13/2020#NOTE 4.CURRENT RECEIVABLES ~ �~ �Customer receivables~ "U~ �MRelated parties~ �~ � Other~ r ~ v !Total current receivables~ zj~ �c-%Less: Allowance for doubtful accounts ( 323 ) ( 327 )&Total current receivables, net~ ne~ �^$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�0��w�k�_�S��4��)��=PF0*8X> �@�� l �C� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }<(}$ �� BAKER HUGHES a GE Co LLC10-K 02/13/2020NOTE 5.INVENTORIES ~ �~ �Finished goods~ �'~ >()!Work in process and raw materials~ : ~ � Total inventories, net~ H ~ 2H $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�*Kh��s�g�[��0��=PF0*8X> �@�Z l � d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }�8}}$ }$}$ }$ �� BAKER HUGHES a GE Co LLC10-K 02/13/2020-%NOTE 6.PROPERTY, PLANT AND EQUIPMENT Useful Life~ �~ �!Land and improvements (1)8 - 20 years (1)~ �~ �3+Buildings, structures and related equipment5 - 40 years~ �,~ �,& Machinery, equipment and other 2 - 20 years~ rr ~ �f Total cost~ �~ ��&Less: Accumulated depreciation( 4,384 )( 3,625 )7/Property, plant and equipment, less accumulated~ �a~ Radepreciation$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�0x��y�m�a�U�I��5��<��p��=PF0*8X> �@�� l �E$ d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIPOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }0.}$ }$}$ }$}$ } $} $ }$} $ }$ �� BAKER HUGHES a GE Co LLC10-K 02/13/2020GOODWILL Oilfield Services Oilfield Equipment+ #Turbo-machinery & Process Solutions Digital Solutions Total+#Balance at December 31, 2017, gross~ 6�~ �<~ � ~ �~ �m.&Accumulated impairment at December 31,( 2,633 ) ( 867 ) - ( 254 ) ( 3,754 )~ �$Balance at December 31, 2017~ �~ j/~ � ~ �~ 3+#Purchase accounting adjustments (1) ( 157 )~ �~ * ~ �~ �$Currency exchange and others( 26 )( 17 ) ( 114 ) ( 33 ) ( 190 )$Balance at December 31, 2018~ 6�~ �3~ *" ~ "~ ?$Currency exchange and others -~ &( 15 ) ( 21 ) ( 27 )$Balance at December 31, 2019~ 6�~ �3~ �! ~ �!~ �>$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�6A ��~�r�f��Q��|��b��\�P�D��=PF0*8X> �@��0 l ��; d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }0.}$ }$}$ }$}$ �� BAKER HUGHES a GE Co LLC10-K 02/13/2020OTHER INTANGIBLE ASSETS ~ �~ � GrossAccumulatedNet Gross AccumulatedNetCarryingAmortization Carrying Amortization Amount Amount Technology~ �$( 626 )~ ~ N $( 526 )~ Customer relationships~ N/( 1,045 )~ � ~ 60 ( 944 )~ v!Capitalized software~ � ( 928 )~ & ~ z ( 824 )~ �"Trade names and trademarks~ � ( 254 )~ � ~ � ( 229 )~ V Other~ ( 2 )~ ~ : ( 2 )~ 2&Finite-lived intangible assets~ �]( 2,855 )~ 1 ~ ^ ( 2,525 )~ �6.&Indefinite-lived intangible assets (1)~ # -~ # ~ �" -~ �"Total intangible assets~ ��$( 2,855 )~ T ~ Ҁ $( 2,525 )~ ^Y$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�:"��{�o�c�W�s�K��I��M��<�p��c�=PF0*8X> �@� A l ��K d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETS!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }�}$ �� BAKER HUGHES a GE Co LLC10-K 02/13/2020OTHER INTANGIBLE ASSETS Year& Estimated Amortization Expense~ �~ >~ �~ ~~ �~ � ~ �~ �~ �~ b$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�.(��{�o�c�W�'��u�M�%�� =PF0*8X> �@�J l �\ d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }�0}$ �� BAKER HUGHES a GE Co LLC10-K 02/13/20202*NOTE 8.CONTRACT AND OTHER DEFERRED ASSETS ~ �~ �,$Long-term product service agreements~ n ~ � )!Long-term equipment contracts (1)~ &~ �0 (Contract assets (total revenue in excess~ � ~ z of billings) Deferred inventory costs~ ~ �'Non-recurring engineering costs~ �~ V*"Contract and other deferred assets~ f~ �$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�2��t�h�\�P�D��d��+��j�^�R�*�=PF0*8X> �@�� l ��j d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFERNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }�0}$ �� BAKER HUGHES a GE Co LLC10-K 02/13/202080NOTE 9.PROGRESS COLLECTIONS AND DEFERRED INCOME ~ �~ �Progress collections~ "+~ Deferred income~ �~ �0 (Progress collections and deferred income~ �, ~ � (contract liabilities)$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�*�h��n�b�V�J�>��n��a�=PF0*8X> �@�Z l �:y d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }y#}$ �� BAKER HUGHES a GE Co LLC10-K 02/13/2020NOTE 10.LEASES Operating Lease Expense~ �Long-term fixed lease~ � Long-term variable lease~ � Short-term lease (1)~ %Total operating lease expense~ n$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�,1|��w�k�_�/��K��=PF0*8X> �@�B l �z� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }$}$ �� BAKER HUGHES a GE Co LLC10-K 02/13/2020NOTE 10.LEASES Year Operating Leases~ �~ �~ �~ �~ �~ . ~ �~ ~~ �~ Thereafter~ �Total lease payments~ �Less: imputed interest~ � Total~ * $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�63��w�k�_�/��c�;��j�^�R�*�=PF0*8X> �@�j l �� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }y#}$ �� BAKER HUGHES a GE Co LLC10-K 02/13/2020NOTE 10.LEASES Operating Leases%All other current liabilities~ &All other liabilities~ Total~ * $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�*�h��w�k�_�/��^�R�F��=PF0*8X> �@�: l �"y�R� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }-}$ }�}$}$ } �} $ "�� BAKER HUGHES a GE Co LLC10-K 02/13/2020NOTE 11.BORROWINGS ~ �~ �Amount!Weighted Average Rate (1)Amount! Weighted Average Rate (1)Short-term borrowings % Short-term borrowings from GE~ F n/a ~ n/a #Other short-term borrowings~ �333333@ %~ � ��#@ %#Total short-term borrowings~ ~ � Long-term borrowings -%3.2% Senior Notes due August 2021 (2) -n/a~ . @ %-%2.773% Senior Notes due December 2022~ z333333@ %~ v 333333@ %*"8.55% Debentures due June 2024 (2)~ �ffffff@ %~ ffffff@ %-%3.337% Senior Notes due December 2027~ �333333@ %~ � 333333@ %)!6.875% Notes due January 2029 (2)~ �333333@ %~ � 333333@ %-%3.138% Senior Notes due November 2029~ *�� @ % - n/a +#5.125% Notes due September 2040 (2)~ V��@ %~ j ��@ %-%4.080% Senior Notes due December 2047~ �ffffff@ %~ � ffffff@ %"Other long-term borrowings~ "333333@ %~ � 333333@ %"Total long-term borrowings~ vb~ 6b Total borrowings~ zg~ �p $____________________________�D� l��s�g�[��5��Q��9��l��)��K�� !�1 )Created by Morningstar Document Research.0!(http://documentresearch.morningstar.com/��=PF0*8X> �@�*%!! l �/�� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }�2}$ }$}$ }$}$ } $} $ }$ / � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � BAKER HUGHES a GE Co LLC10-K 02/13/2020?7Notes to Consolidated and Combined Financial Statements Pension Benefits Other PostretirementBenefits~ �~ �~ �~ �% Change in benefit obligation: /'Benefit obligation at beginning of year~ V#~ �%~ � ~ �Service cost~ V~ V~ ~ Interest cost~ j~ ~ ~ Plan amendment -~ R - ~ Actuarial loss (gain)~ �( 93 )( 16 ) ( 23 ) Benefits paid ( 102 )( 67 )( 16 ) ( 21 )Curtailments( 21 )( 7 ) - ( 5 )Settlements( 36 )( 59 ) - -"Transfer from GE - UK Plan~ - - - Other~ >~ B - ( 39 )0(Foreign currency translation adjustments~ V( 59 ) - -)!Benefit obligation at end of year~ �5~ V#~ B ~ � Change in plan assets: 1)Fair value of plan assets at beginning of~ *~ . - -year$Actual return on plan assets~ �( 60 ) - -Employer contributions~ ^~ �~ B ~ V�Dl��g�[�O�C�7��S��N��3��2�� ~��f��C�� ! �" �# �$ �% �& �' �( �) �* �+ �, �- �. � Benefits paid ( 102 ) ( 67 ) ( 16 ) ( 21 )!Settlements!( 36 !)!( 59 !) !-! ! -!""Transfer from GE - UK Plan~ "N " "-" "-" " -" #Other #-##( 9 #) #-# # -#0$(Foreign currency translation adjustments~ $b$$( 49 $) $-$ $ -$0%(Fair value of plan assets at end of year~ %�.%~ %*% %-% % -%&&&&& 2'*Funded status - underfunded at end of year'$( 447 ')'$( 395 ') '$( 80 ' )' $( 107 ')((((( &)Accumulated benefit obligation~ )&5)~ )�")~ )B) ~ ) �)*+$,____________________________1-)Created by Morningstar Document Research.0.(http://documentresearch.morningstar.com/�"�r��d��O��y��=PF0*8X> �@�2f..--,,)))))))) '''''''' %%%%%%%% $$$$$$$$ ######## """""""" !!!!!!!! l �� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }$}$ }$}$ }$}$ } $} $ }$ � � � � � � � � � � � � � � � � � � � � � � BAKER HUGHES a GE Co LLC10-K 02/13/2020?7Notes to Consolidated and Combined Financial Statements Pension Benefits Other PostretirementBenefits~ �~ �~ �~ � Noncurrent assets~ : ~ � $- $- Current liabilities( 17 )( 13 )( 11 ) ( 19 )Noncurrent liabilities ( 508 ) ( 429 )( 69 ) ( 88 )Net amount recognized$( 447 )$( 395 ) $( 80 ) $( 107 )$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�0��g�[�O�C�7��S��"��[�O�C��=PF0*8X> �@�� l �� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }�$}$ � � � � � � � � � � � � � � � � � � � � � BAKER HUGHES a GE Co LLC10-K 02/13/2020?7Notes to Consolidated and Combined Financial Statements Pension Benefits Other PostretirementBenefits~ �~ �~ �~ �$ Projected benefit obligation~ Z ~ V n/a n/a &Accumulated benefit obligation~ �~ �~ B ~ �!Fair value of plan assets~ "~ nn/a n/a$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�.Y��g�[�O�C�7��S��=PF0*8X> �@�� l �S d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }�1}$ }$}$ }$} $ }$}U} $ }$}$ }$}$ }$ �� BAKER HUGHES a GE Co LLC10-K 02/13/2020"Net Periodic Cost (Income) Pension Benefits Other Postretirement Benefits~ �~ �~ �~ �~ �~ � Service cost~ V ~ V ~ � ~ ~ ~ Interest cost~ j~ ~ �~ ~ ~ &Expected return on plan assets ( 122 ) ( 121 ) ( 81 ) - - -,$Amortization of prior service credit~ - - ( 3 )( 5 )( 3 )1)Amortization of net actuarial loss (gain)~ F~ *~ 2 ( 7 )( 2 )( 2 ),$Curtailment / settlement loss (gain)~ &~ ( 45 )~ �� -( 5 )~ "Net periodic cost (income)~ B $( 17 ) $( 26 ) $( 5 )$( 5 )~ $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�6!��x�l�`�T�4��<��|�p�d�<�=PF0*8X> �@��6 l �� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }y#}� }$}� }$}� }$}� }$ � � � � � � � � � � � � � � � � � � � � BAKER HUGHES a GE Co LLC10-K 02/13/20200(Assumptions Used in Benefit Calculations Pension Benefits Other PostretirementBenefits~ �~ �~ �~ � Discount rate ��Q�@ % q= ףp@ % ��Q�@ % \��(\@ %%Rate of compensation increase�z�G�@ %= ףp=@ %n/an/a$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�,m|��v�j�^�R�F��B��i��=PF0*8X> �@�R l ��/ d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }�0}� }$}� }$}� }$}� }$} � } $}� }$ � � � � � � � � � � � � � � � � � � � � BAKER HUGHES a GE Co LLC10-K 02/13/2020?7Notes to Consolidated and Combined Financial Statements Pension Benefits Other PostretirementBenefits~ �~ �~ �~ �~ �~ � Discount rate q= ףp@ % �Q��@ % �Q�� @ % \��(\@ % ��(\� @ % ��(\�� @ %0(Expected long-term return on plan assets�Q��@ %��(\��@ % ףp= @ %n/a n/a n/a$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�,c|��g�[�O�C�7��S��=PF0*8X> �@�b l �_@ d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }�%}$ } $} $ }$ � � � � � � � � � � � � � � � � � � � � � BAKER HUGHES a GE Co LLC10-K 02/13/2020,$Accumulated Other Comprehensive Loss Pension Benefits Other PostretirementBenefits~ �~ �~ �~ �! Net actuarial loss (gain)~ . ~ � $( 38 ) $( 29 )'Net prior service cost (credit)~ N~ R( 15 ) ( 18 ) Total~ z~ $( 53 ) $( 47 )$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�.B��z�n�b�V�J��f��%��=PF0*8X> �@�� l ��Q d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other ComprehensiveFunding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }0.}$ �� BAKER HUGHES a GE Co LLC10-K 02/13/2020?7Notes to Consolidated and Combined Financial Statements ~ �~ �Equity securities"U.S.equity securities (1)~ ~ ^$ Global equity securities (1)~ 6 ~ J Debt securities.&Fixed income and cash investment funds~ ~ �Other debt securities~ ~ Private equities~ �~ �Real estate~ R~ �Other investments (2)~ �~ VTotal plan assets~ �.~ *$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�8��g�[�O�C�7��,��7��G��a�=PF0*8X> �@�� l �)c d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }�} $ �� BAKER HUGHES a GE Co LLC10-K 02/13/2020Funding Policy Year Pension Other PostretirementBenefitsBenefits~ �~ "~ . ~ � ~ ~ & ~ �~ "~ ~ �~ &~ ~ �~ :~ 2025-2029~ �~ b $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�2��x�l�`��e��+��r�=PF0*8X> �@�� l � �@�� l �C� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }U5}$ }$}$ }$}$ } $ � � � � � � � � � � � � � � � � � � � BAKER HUGHES a GE Co LLC10-K 02/13/2020?7Notes to Consolidated and Combined Financial Statements ~ �~ �~ �U.S.$( 693 )$( 672 )$( 1,189 )Foreign~ �~ �~ . 4 ,Income (loss) before income taxes, inclusive~ � ~ v $( 346 )&of equity in loss of affiliate$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�*h��g�[�O�C�7��.��=PF0*8X> �@�z l �� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }U5}$ }$}$ }$}$ } U � � � � � � � � � � � � � � � � � � � � � � � � � � � BAKER HUGHES a GE Co LLC10-K 02/13/2020?7Notes to Consolidated and Combined Financial Statements ~ �~ �~ �4,Income (loss) before income taxes, inclusive~ �~ v$( 346 )&of equity in loss of affiliate2 *Taxes at the U.S.federal statutory income~ z ~ � ( 121 )tax rate$Effect of foreign operations~ V~ �( 23 )+#Tax impact of partnership structure~ �~ �~ N &Change in valuation allowances~ ~ �~ 'Tax Cuts and Jobs Act enactment -~ f( 32 )Other - net( 26 )( 8 )( 22 )"Provision for income taxes~ r~ J~ J Actual income tax rate��O@ %33333�R@ %( 42.2 )%$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�:��g�[�O�C�7��L�8��B��O��n��=PF0*8X> �@� ! l �#��Ů d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }�8}$ }$}$ }$ #�� BAKER HUGHES a GE Co LLC10-K 02/13/2020?7Notes to Consolidated and Combined Financial Statements ~ �~ �Deferred tax assets:Receivables~ >~ � Inventory~ n ~ > Property~ &~ �&Goodwill and other intangibles~ �~ Employee benefits~ �~ �Other accrued expenses~ �~ *$Operating loss carryforwards~ �~ r Tax credit carryforwards~ :~ � Other~ :~ �'Total deferred income tax asset~ 2,~ �( Valuation allowances( 1,835 )( 1,591 )7/Total deferred income tax asset after valuation~ �~ � allowance!Deferred tax liabilities:6.Undistributed earnings of foreign subsidiaries -( 9 ) Other( 29 )( 18 )+#Total deferred income tax liability( 29 )( 27 )Net deferred tax asset~ ~ J�D l��g�[�O�C�7��8��I��F��H��w�b� ��Q�� !�"�$ ____________________________1!)Created by Morningstar Document Research.0"(http://documentresearch.morningstar.com/� �(��=PF0*8X> �@�*%""!! l �� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }$4}$ }$}$ }$ �� BAKER HUGHES a GE Co LLC10-K 02/13/2020?7Notes to Consolidated and Combined Financial Statements Asset / (Liability)~ �~ �$Balance at beginning of year$( 472 )$( 395 )!Balance acquired from BHI - ( 142 )2 *Additions for tax positions of the current ( 25 ) ( 21 )year2*Additions for tax positions of prior years( 27 )( 95 )3+Reductions for tax positions of prior years~ �~ �( Settlements with tax authorities~ ~ �'Lapse of statute of limitations~ 2~ �Balance at end of year$( 451 )$( 472 )$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�61��g�[�O�C�7��B��v�f��+��l�`�T�,�=PF0*8X> �@�� l �"� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }$4} }$ } }$} }$} }$ � � � � � � � � � � � � � � � � � � � � � � � BAKER HUGHES a GE Co LLC10-K 02/13/2020 NOTE 14.MEMBERS' EQUITY ~ �~ �"Units Held by Baker HughesUnits Held by GE"Units Held by Baker HughesUnits Held by GE$Balance at beginning of year~ �U~ �~ �~ �&+3 +Issue of Units to Baker Hughes under equity~ E - ~ R - incentive planExchange of Units (1)~ j ( 132,250 )~ B- ( 101,200 )Repurchase program (2) -( 11,865 )( 11,501 )( 84,241 )Balance at end of year~ F�'~ R ~ �U~ �$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�2K��z�n�b�V��2��R��*��=PF0*8X> �@�J l � �� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }I;}$ }$}$ }$}$ } $} $ }$} $ }$ �� BAKER HUGHES a GE Co LLC10-K 02/13/20203+ACCUMULATED OTHER COMPREHENSIVE LOSS (AOCL) Investment Securities0 (Foreign Currency Translation Adjustments Cash Flow Hedges Benefit Plans, $Accumulated Other Comprehensive Loss$Balance at December 31, 2017~ $( 1,825 )~ $( 61 ) $( 1,881 )91Other comprehensive loss before reclassifications( 1 ) ( 502 )( 6 ) ( 70 ) ( 579 )- %Amounts reclassified from accumulated - - ~ ~ ~ other comprehensive lossDeferred taxes( 2 ) -~ ~ - Other comprehensive loss( 3 ) ( 502 )( 4 ) ( 64 ) ( 573 )Less: Other adjustments - - - ~ "~ "$Balance at December 31, 2018 -( 2,327 )( 2 ) ( 133 ) ( 2,462 )0(Other comprehensive income (loss) before~ ~ �~ 6 ( 122 ) ( 54 )reclassifications-%Amounts reclassified from accumulated - -~ ~ j~ n other comprehensive lossDeferred taxes - -( 2 )~ V~ N)!Other comprehensive income (loss)~ ~ �~ 2 ( 75 ) ( 8 )Less: Other adjustments - - - ~ �~ �$Balance at December 31, 2019~ $( 2,274 )~ * $( 327 ) $( 2,589 )$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�D�l��s�g�[�O�C��3��^�� k��%��e��R�F�:��=PF0*8X> �@�JI l �� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }�}$ }$}$ }$} $ }$}$ }$ �� BAKER HUGHES a GE Co LLC10-K 02/13/2020)!RECURRING FAIR VALUE MEASUREMENTS ~ �~ �Level 1Level 2Level 3 Net Balance Level 1Level 2Level 3Net BalanceAssets Derivatives $- ~ � $- ~ � $- ~ * $- ~ * Investment securities~ b -~ ~ n~ � -~ �~ Total assets~ b~ �~ ~ V~ �~ *~ �~ F Liabilities Derivatives -( 27 ) - ( 27 ) -( 82 ) -( 82 )Total liabilities $- $( 27 ) $- $( 27 ) $- $( 82 ) $- $( 82 )$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�6��}�q�e�Y�M�!��M��=PF0*8X> �@��5 l � d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }�1}$ }$}$ }$ �� BAKER HUGHES a GE Co LLC10-K 02/13/2020)!RECURRING FAIR VALUE MEASUREMENTS ~ �~ �$Balance at beginning of year~ �~ � Purchases~ ~ . Proceeds at maturity ( 38 ) ( 90 ),$Unrealized gains (losses) recognized~ ( 1 )1)in accumulated other comprehensive income(loss)Balance at end of year~ ~ �$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�2��}�q�e�Y�M��u�,��l�7�%��=PF0*8X> �@�z l �) d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }I"}$ �� BAKER HUGHES a GE Co LLC10-K 02/13/2020)!RECURRING FAIR VALUE MEASUREMENTS ~ �~ �Amortized CostGross Unrealized GainsGross Unrealized Losses Estimated Fair Value Amortized CostGross Unrealized GainsGross Unrealized LossesEstimated Fair ValueInvestment securities $ Non-U.S.debt securities (1)~ ~ $- ~ ~ � $- $- ~ � Equity securities (2)~ b - - ~ b~ � - -~ � Total~ f~ $- ~ n~ $- $-~ $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�.��}�q�e�Y�M�!��J�R�b��u�i�A�=PF0*8X> �@�*% l �5; d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)Cash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }a/}$ }$}$ }$ � � � � � � � � � � � � � � � � � � � � � � � BAKER HUGHES a GE Co LLC10-K 02/13/2020DERIVATIVES AND HEDGING ~ �~ �Assets (Liabilities)Assets (Liabilities)+#Derivatives accounted for as hedges # Currency exchange contracts~ . $- $- $( 7 ) /'Derivatives not accounted for as hedges -%Currency exchange contracts and other~ �( 27 )~ * ( 75 )Total derivatives~ � $( 27 )~ * $( 82 )$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�2��{�o�c�W��1��@��u�i�]�5�=PF0*8X> �@�� l �XK d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }!}$ }$}$ }$} $ }$}$ }$ �� BAKER HUGHES a GE Co LLC10-K 02/13/2020Cash flow hedges & Gain (Loss) Recognized in AOCI6 .Gain (Loss) Reclassified from AOCI to Earnings~ �~ �~ �~ �~ �~ �#Currency exchange contracts~ 6$( 6 )~ " $( 1 ) $( 1 )$( 7 ) $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�(6T��v�j�^�z� ��=PF0*8X> �@�� l �%] d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }-}0.}$ }$}$ }$} $ �� BAKER HUGHES a GE Co LLC10-K 02/13/2020Economic Hedges - %Derivatives not designated as hedging. &Consolidated and combined statement of~ �~ �~ �instrumentsincome caption'Currency exchange contracts (1)Cost of goods sold$( 6 ) $( 12 )~ 2 # Currency exchange contracts+ #Selling, general and administrative ( 22 )~ & ~ � Commodity derivativesCost of goods sold~ ( 1 )~ Other derivatives.&Other non operating income (loss), net~ - - Total (2) $( 24 )$( 4 )~ � $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�0)��w�k�_��N��I��8�,� ��=PF0*8X> �@�� l �im d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }m)} $ � � � � � � � � � � � � � � � � � � � � � BAKER HUGHES a GE Co LLC10-K 02/13/2020SEGMENT RESULTS Segment revenue~ �~ �~ �Oilfield Services~ f�~ ��~ �[ Oilfield Equipment~ �-~ F)~ �) * "Turbomachinery & Process Solutions~ �V ~ �] ~ ^b Digital Solutions~ �&~ �(~ �$ Total~ zt~ ve~ n $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�.��w�k�_��7��O��y�m�E�=PF0*8X> �@�� l �%� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTS!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }�1}$ }$}$ }$}$ } $ � � � � � � � � � � � � � � � � � � � � � � � � � � � � � BAKER HUGHES a GE Co LLC10-K 02/13/2020SEGMENT RESULTS 1 )Segment income (loss) before income taxes~ �~ �~ �Oilfield Services~ V~ F~ Oilfield Equipment~ � -~ j * "Turbomachinery & Process Solutions~ > ~ � ~ f Digital Solutions~ ^~ ~ � Total segment~ �~ ~ n Corporate ( 433 ) ( 405 ) ( 370 )0(Inventory impairment and related charges - ( 105 ) ( 244 )~ ��+#Restructuring, impairment and other ( 342 ) ( 433 ) ( 412 )%Separation and merger related ( 184 ) ( 153 ) ( 373 )'Other non operating income, net( 84 )~ *~ B Interest expense, net ( 237 ) ( 223 ) ( 131 ) Total~ �~ � $( 335 )$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�>� 0��w�k�_��6��d��l�^��R��[��=PF0*8X> �@�R* l �U� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }m)}$ �� BAKER HUGHES a GE Co LLC10-K 02/13/2020?7Notes to Consolidated and Combined Financial Statements Segment assets~ �~ �Oilfield Services~ ��~ ��Oilfield Equipment~ vw~ r* "Turbomachinery & Process Solutions~ �� ~ F� Digital Solutions~ >>~ ~? Total segment~ ~ �&Corporate and eliminations (1)~ ^-~ � Total~ v?~ *0$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�2��g�[�O�C�7��\� ��W� ��g�[�O�'�=PF0*8X> �@�� l �� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }-} $ � � � � � � � � � � � � � � � � � � � � � � � BAKER HUGHES a GE Co LLC10-K 02/13/2020?7Notes to Consolidated and Combined Financial Statements - %Segment depreciation and amortization~ �~ �~ �Oilfield Services~ f~ �~ � Oilfield Equipment~ �~ �~ � * "Turbomachinery & Process Solutions~ � ~ r ~ � Digital Solutions~ �~ �~ � Total Segment~ �~ �~ Corporate~ �~ �~ * Total~ *~ :~ > $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�2��g�[�O�C�7��d��?��}�q�e�=�=PF0*8X> �@�� l �'� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }�*} $ � � � � � � � � � � � � � � � � � � � BAKER HUGHES a GE Co LLC10-K 02/13/2020?7Notes to Consolidated and Combined Financial Statements + #Property, plant and equipment - net~ �~ �~ �U.S.~ �(~ z)~ �4 Non-U.S.~ �8~ �7~ 8 Total~ �a ~ Ra ~ �l $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�*�h��g�[�O�C�7��f��G�;�/��=PF0*8X> �@�z l �� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }m)} $ � � � � � � � � � � � � � � � � � � � � � � BAKER HUGHES a GE Co LLC10-K 02/13/2020,$RESTRUCTURING AND IMPAIRMENT CHARGES ~ �~ �~ �Oilfield Services~ N~ �~ � Oilfield Equipment~ J~ f~ � * "Turbomachinery & Process Solutions~ � ~ ~ V Digital Solutions~ >~ F~ � Corporate~ Z~ ~~ v Total~ �~ �~ $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�0E��z�n�b�V�J��1��I��{��=PF0*8X> �@�� l �� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CHProduct Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }-} $ � � � � � � � � � � � � � � � � � � � � � � � BAKER HUGHES a GE Co LLC10-K 02/13/2020,$RESTRUCTURING AND IMPAIRMENT CHARGES ~ �~ �~ �( Property, plant & equipment, net~ �~ B~ -%Employee-related termination expenses~ �~ �~ � Asset relocation costs~ ~ r ~ * EHS remediation costs~ .~ ~ & !Contract termination fees~ 2~ �~ j Other incremental costs~ ~ ^~ ^ Total~ �~ �~ $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�2��z�n�b�V�J��"��3��Q��u�i�A�=PF0*8X> �@�� l �� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }I"}$ }$}$ }$ �� BAKER HUGHES a GE Co LLC10-K 02/13/2020Product Warranties ~ �~ �$Balance at beginning of year~ �~ � Provisions~ ~ � Expenditures ( 14 ) ( 96 ) Other (1)( 6 )~ �Balance at end of year~ r~ �$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�.��t�h�\��:��G�;�/��=PF0*8X> �@�z l �}� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }I"}$ }$}$ }$ �� BAKER HUGHES a GE Co LLC10-K 02/13/2020'Allowance for doubtful accounts ~ �~ �$Balance at beginning of year~ ~ * Additions~ �~ � Amounts written off ( 42 ) ( 43 ) Other( 10 )( 7 )Balance at end of year~ ~ $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�.��s�g�[�O��w�.��5�)��=PF0*8X> �@�z l �!Y� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }a/}$ }$}$ }$}$ !�� BAKER HUGHES a GE Co LLC10-K 02/13/2020+#NOTE 21.QUARTERLY DATA (UNAUDITED) . &(In millions, except per unit amounts) First Quarter Second Quarter Third Quarter Fourth Quarter Total Year~ � Revenue~ �W~ �]~ �[ ~ .c~ zt Gross profit (1)~ B ~ � ~ 6 ~ > ~ BE /'Restructuring, impairment and other (2)~ �~ �~ ~ ~~ Z%Separation and merger related~ �~ �~ � ~ �~ �/'Net income (loss) attributable to Baker~ ( 18 )~ � ~ Z~ �!Hughes, a GE company, LLC)!Cash distribution per common unit ףp= �? ףp= �? ףp= �? ףp= �? ףp= �? ~ � Revenue~ ^T~ �V~ �X ~ �a~ veGross profit (1)~ & ~ �~ 6 ~ R~ J>/'Restructuring, impairment and other (2)~ �~ J~ ~ �~ �%Separation and merger related~ �~ �~ F ~ �~ f/'Net income (loss) attributable to Baker ( 143 )( 51 )~ � ~ R~ �!Hughes, a GE company, LLC)!Cash distribution per common unit ףp= �? ףp= �? ףp= �? ףp= �? ףp= �?$____________________________1)Created by Morningstar Document Research.�D^l��{�o�c�W�K��`��H�#�`��9��;��Z�� 0 (http://documentresearch.morningstar.com/�H=PF0*8X> �@�"D l �� d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 15 EXHIBITS AND FINANCIAL Year Ended December 31 2019U }a}$ �� BAKER HUGHES a GE Co LLC10-K 02/13/20207/ITEM 14.PRINCIPAL ACCOUNTING FEES AND SERVICES ~ �~ � Audit fees333333;@fffff�;@Audit-related fees333333�?��? Tax fees - ��? All other - - Total�;@333333<@$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�.��o�c�W�K�?��q��8�,� ��=PF0*8X> �@�z l �l�2�=8H�K d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FEYear Ended December 31 2019U }� }y< l�� BAKER HUGHES a GE Co LLC10-K 02/13/2020;3ITEM 15.EXHIBITS AND FINANCIAL STATEMENT SCHEDULES ��Q��$@. &Amended and Restated Trademark License1)Agreement, dated as of November 13, 2018,2*between General Electric Company and Baker # Hughes, a GE company, LLC . ףp=�$@.&Amended and Restated GE Digital Master.&Products and Services Agreement, dated3+as of November 13, 2018, between GE Digital1)LLC and Baker Hughes, a GE company, LLC .��(\�$@0(Amendment to the Amended and Restated GE7/Digital Master Products and Services Agreement,0(dated as of July 31, 2019, between Baker0(Hughes, a GE company, LLC and GE DigitalLLC.�G�z�$@/'GE Digital Referral Agreement, dated as/'of July 31, 2019, between Baker Hughes,-%a GE company, LLC and GE Digital LLC.��$@2*Amended and Restated Intercompany Services1)Agreement, dated as of November 13, 2018,2*between General Electric Company and Baker"Hughes, a GE company, LLC.��Q��$@:2Amendment to the Amended and Restated Intercompany0(Services Agreement, dated as of July 31,�D�l��k�_�S�G�;�#��\�)��d�#��V��v�9��n�<� �!�"�#�$�%�&�'�(�)�*�+�,�-�.�/�0�1�2�3�4�5�6�7�8�9�:�;�<�=�>�?� 1 )2019, between Baker Hughes, a GE company,!)!!LLC and General Electric Company."�p= ף$@."&Amended and Restated Supply Agreement,#6#.dated as of November 13, 2018, between General$.$&Electric Company, as Seller, and Baker%-%%Hughes, a GE company, LLC, as Buyer .&)\��$@.&&Amended and Restated Supply Agreement,'4',dated as of November 13, 2018, between Baker(1()Hughes, a GE company, LLC, as Seller, and),)$General Electric Company, as Buyer .*�G�z�$@/*'Umbrella Aero-Derivatives IP Agreement,+6+.dated as of November 13, 2018, between General,/,'Electric Company and Baker Hughes, a GE--company, LLC ..33333�$@-.%Equity Repurchase Agreement, dated as/1/)of November 5, 2017, by and among General0.0&Electric Company, Baker Hughes Company1.1&(formerly Baker Hughes, a GE company),2,2$and Baker Hughes, a GE company, LLC.3��Q�$@/3'Equity Repurchase Agreement dated as of4/4'November 13, 2018, by and among General5.5&Electric Company, Baker Hughes Company6.6&(formerly Baker Hughes, a GE company),7,7$and Baker Hughes, a GE company, LLC.8= ףp�$@-8%Equity Repurchase Agreement, dated as909(of September 9, 2019, by and among Baker:.:&Hughes Company (formerly Baker Hughes,;2;*a GE company), Baker Hughes, a GE company,<)<!LLC and General Electric Company.=��(\��$@1=)Employee Benefits Matters Agreement dated>4>,as of November 13, 2018 by and among General?.?&Electric Company, Baker Hughes Company�Dq l��B��=��|�7��I��P��P��S��@�A�B�C�D�E�F�G�H�I�J�K�L�M�N�O�P�Q�R�S�T�U�V�W�X�Y�Z�[�\�]�^�_�@1@)(formerly Baker Hughes, a GE company) andA(A Baker Hughes, a GE company, LLC.BH�z��$@.B&Credit Agreement, dated as of DecemberC3C+10, 2019, among Baker Hughes, a GE company,D4D,LLC, the lenders party thereto, and JPMorganE2E*Chase Bank, N.A., as Administrative Agent.F10.40*+4F,Amendment to the Baker Hughes, a GE company,G-G%LLC Sponsored Benefit Plans includingH.H&the Baker Hughes Company SupplementaryII Pension Plan.JR��$@4J,Plea Agreement between Baker Hughes ServicesK1K)International, Inc.and the United StatesL6L.Department of Justice filed on April 26, 2007,M0M(with the United States District Court ofN!NTexas, Houston Division . O23.1*OConsent of KPMG LLP.P31.1**5P-Certification of Lorenzo Simonelli, PresidentQ.Q&and Chief Executive Officer, furnishedR4R,pursuant to Rule 13a-14(a) of the SecuritiesS)S!Exchange Act of 1934, as amended.T31.2**-T%Certification of Brian Worrell, ChiefU-U%Financial Officer, furnished pursuantV4V,to Rule 13a-14(a) of the Securities ExchangeW WAct of 1934, as amended.X32**5X-Certification of Lorenzo Simonelli, PresidentY.Y&and Chief Executive Officer, and BrianZ3Z+Worrell, Chief Financial Officer, furnished[4[,pursuant to Rule 13a-14(b) of the Securities\)\!Exchange Act of 1934, as amended.]95* ]Mine Safety Disclosures.^101.INS*6^.XBRL Instance Document - the instance document_/_'does not appear in the Interactive Data�De l��C��z�/��E��~�M��O��R�"��X��`�a�b�c�d�e�f�g�h�i�j�k�`/`'File because its XBRL tags are embeddeda(a within the Inline XBRL document.b101.SCH*bXBRL Schema Documentc101.CAL**c"XBRL Calculation Linkbase Documentd101.LAB*$dXBRL Label Linkbase Documente101.PRE*+e#XBRL Presentation Linkbase Documentf101.DEF*)f!XBRL Definition Linkbase Documentgh$i____________________________1j)Created by Morningstar Document Research.0k(http://documentresearch.morningstar.com/�F��U��S�G�;��=PF0*8X> �@�kkjjii l ��c d��MbP?_*+��%��,��&�٭e2�?'�٭e2�?(�٭e2�?)�٭e2�?�",D/�?�?�B Form 10KTable of ContentsITEM 2 PROPERTIES ITEM 6 SELECTED FINANCIAL DATAOil and Natural Gas PricesBaker Hughes Rig Count!Revenue and Segment Operating I!Revenue and Segment Operati (1) Cash FlowsContractual ObligationsINTEREST RATE RISK!CONSOLIDATED AND COMBINED STATE!CONSOLIDATED AND COMBINED S (1)!CONSOLIDATED STATEMENTS OF FINA!CONSOLIDATED AND COMBINED S (2)!CONSOLIDATED AND COMBINED S (3)DISAGGREGATED REVENUEBUSINESS ACQUISITION!Notes to Consolidated and Combi!UNAUDITED PRO FORMA INFORMATIONNOTE 4 CURRENT RECEIVABLESNOTE 5 INVENTORIES!NOTE 6 PROPERTY PLANT AND EQUIP GOODWILLOTHER INTANGIBLE ASSETSOTHER INTANGIBLE ASSETS (1)!NOTE 8 CONTRACT AND OTHER DEFER!NOTE 9 PROGRESS COLLECTIONS ANDNOTE 10 LEASESNOTE 10 LEASES (1)NOTE 10 LEASES (2)NOTE 11 BORROWINGS!Notes to Consolidated and C (1)!Notes to Consolidated and C (2)!Notes to Consolidated and C (3)Net Periodic Cost Income!Assumptions Used in Benefit Cal!Notes to Consolidated and C (4)!Accumulated Other Comprehensive!Notes to Consolidated and C (5)Funding Policy!Notes to Consolidated and C (6)!Notes to Consolidated and C (7)!Notes to Consolidated and C (8)!Notes to Consolidated and C (9)!Notes to Consolidated and (10)NOTE 14 MEMBERS EQUITY!ACCUMULATED OTHER COMPREHEN (1)!RECURRING FAIR VALUE MEASUREMEN!RECURRING FAIR VALUE MEASUR (1)!RECURRING FAIR VALUE MEASUR (2)DERIVATIVES AND HEDGINGCash flow hedgesEconomic HedgesSEGMENT RESULTSSEGMENT RESULTS (1)!Notes to Consolidated and (11)!Notes to Consolidated and (12)!Notes to Consolidated and (13)!RESTRUCTURING AND IMPAIRMENT CH!RESTRUCTURING AND IMPAIRMEN (1)Product Warranties!Allowance for doubtful accounts!NOTE 21 QUARTERLY DATA UNAUDITE!ITEM 14 PRINCIPAL ACCOUNTING FE!ITEM 15 EXHIBITS AND FINANCIAL U }-}�}I }�}�}I }$ } �}0}�} �}y �� BAKER HUGHES a GE Co LLC10-K 02/13/2020$Year Ended December 31, 2019 # Mine or Operating Name/MSHA Section Section Section Section Section Proposed Mining Received Received Legal Legal LegalIdentification Number104 S&S104(b)104(d) 110(b)(2)107(a)MSHA Related Notice of Notice ofActions ActionsActions CitationsOrders Citations ViolationsOrdersAssessments (1) Fatalities Pattern ofPotential to HavePending InitiatedResolved and Violations Pattern as of Last During DuringOrders Under UnderDay of PeriodPeriod SectionSectionPeriod 104(e)104(e) (yes/no)(yes/no)*"Morgan City Grinding Plant/1601357~ ~ ~ ~ ~ $-~ N N~ ~ ~ %Argenta Mine and Mill/2601152~ ~ ~ ~ ~ ~ ~ N N~ ~ ~ -%Corpus Christi Grinding Plant/4103112~ ~ ~ ~ ~ $-~ N N~ ~ ~ $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/�8m ��v�j�^�R��'�D�8�,��=PF0*8X> �@�J Root Entry�� F��Book �� dd !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~�� !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~�� !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~��