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Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2018	Apr. 18, 2018
Document Information [Line Items]
Entity Registrant Name	Baker Hughes a GE Co
Entity Central Index Key	0001701605
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2018
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	Q1
Amendment Flag	false
Common Class A
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		416,411,724
Common Class B
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		696,460,382

Condensed Consolidated and Combined Statements of Income (Loss) (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Revenue:
Sales of goods	$ 3,160	$ 2,239
Sales of services	2,239	825
Total revenue	5,399	3,064
Costs and expenses:
Cost of goods sold	2,800	1,846
Cost of services sold	1,758	532
Selling, general and administrative expenses	674	492
Restructuring, impairment and other	162	42
Merger and related costs	46	66
Total costs and expenses	5,440	2,978
Operating income (loss)	(41)	86
Other non operating income, net	2	8
Interest expense, net	(46)	(20)
Income (loss) before income taxes and equity in loss of affiliate	(85)	74
Equity in loss of affiliate	(20)	0
Benefit (provision) for income taxes	86	(8)
Net income (loss)	(19)	66
Less: Net income attributable to GE O&G pre-merger	0	68
Less: Net loss attributable to noncontrolling interests	(89)	(2)
Net income attributable to Baker Hughes, a GE company	$ 70	$ 0
Earnings Per Share, Basic and Diluted [Abstract]
Earnings per share, basic (in dollars per share)	$ 0.17
Earnings per share, diluted (in dollars per share)	0.17
Common Class A
Earnings Per Share, Basic and Diluted [Abstract]
Earnings per share, basic (in dollars per share)	0.17
Earnings per share, diluted (in dollars per share)	0.17
Common Class A \| Cash Dividend
Earnings Per Share, Basic and Diluted [Abstract]
Cash dividends per share (in dollars per share)	$ 0.18

Condensed Consolidated and Combined Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (19)	$ 66
Less: Net income attributable to GE O&G pre-merger	0	68
Less: Net loss attributable to noncontrolling interests	(89)	(2)
Net income attributable to Baker Hughes, a GE company	70	0
Other comprehensive income (loss):
Investment securities	0	26
Foreign currency translation adjustments	312	46
Cash flow hedges	7	4
Benefit plans	(3)	(1)
Other comprehensive income	316	75
Less: Other comprehensive income attributable to GE O&G pre-merger	0	73
Less: Other comprehensive income attributable to noncontrolling interests	198	2
Other comprehensive income attributable to Baker Hughes, a GE company	118	0
Comprehensive income	297	141
Less: Comprehensive income attributable to GE O&G pre-merger	0	141
Less: Comprehensive income attributable to noncontrolling interests	109	0
Comprehensive income attributable to Baker Hughes, a GE company	$ 188	$ 0

Condensed Consolidated and Combined Statements of Financial Position (Unaudited) - USD ($)
$ in Millions

Mar. 31, 2018

Dec. 31, 2017

Current assets:

Cash, cash equivalents and restricted cash (1)

^[1]

$ 5,631

$ 7,030

Current receivables, net

5,865

6,015

Inventories, net

4,696

4,507

All other current assets

862

872

Total current assets

17,054

18,424

Property, plant and equipment (net of accumulated depreciation of $3,049 and $2,817)

6,593

6,959

Goodwill

20,435

19,927

Other intangible assets, net

6,203

6,358

Contract and other deferred assets

1,931

2,044

All other assets

1,718

2,073

Deferred income taxes

1,287

715

Total assets (1)

55,221

56,500

Current liabilities:

Accounts payable

3,439

3,377

Short-term debt and current portion of long-term debt (1)

^[1]

1,176

2,037

Progress collections and deferred income

1,676

1,775

All other current liabilities

2,034

2,038

Total current liabilities

8,325

9,227

Long-term debt

6,296

6,312

Deferred income taxes

424

490

Liabilities for pensions and other postretirement benefits

1,172

All other liabilities

909

889

Equity:

Capital in excess of par value

14,845

15,083

Retained loss

(8)

(103)

Accumulated other comprehensive loss

(585)

(703)

Baker Hughes, a GE company equity

14,252

14,277

Noncontrolling interests

23,843

24,133

Total equity

38,095

38,410

Total liabilities and equity

55,221

56,500

Equity:

Equity:

$ 0

[1]

Total assets include $992 million and $1,124 million of assets held on behalf of GE, of which $836 million and $997 million is cash and cash equivalents and $156 million and $127 million is investment securities at March 31, 2018 and December 31, 2017, respectively, and a corresponding amount of liability is reported in short-term borrowings. See "Note 16. Related Party Transactions" for further details.

Condensed Consolidated and Combined Statements of Financial Position (Unaudited) (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Property, plant and equipment, accumulated depreciation	$ 3,049	$ 2,817
Common stock par value (in dollars per share)	$ 0.0001
Cash and cash equivalents	$ 5,631	7,030
Common Class A
Common stock par value (in dollars per share)	$ 0.0001
Common stock authorized (in shares)	2,000,000,000
Common stock issued (shares)	416,000,000
Common stock outstanding (in shares)	416,000,000
Common Class B
Common stock par value (in dollars per share)	$ 0.0001
Common stock authorized (in shares)	1,250,000,000.00
Common stock issued (shares)	696,000,000
Common stock outstanding (in shares)	696,000,000
Related party amount, due to related party \| GE
Cash held on behalf of GE	$ 992	1,124
Cash and cash equivalents	836	997
Investment securities	$ 156	$ 127

Condensed Consolidated and Combined Statements of Changes in Equity (Unaudited) - USD ($)
$ in Millions

Total

Capital in Excess of Par Value

Parent's Net Investment

Retained Loss

Accumulated Other Comprehensive Loss

Non-controlling Interests

Common Class A

Common Stock

Common Class B

Common Stock

Cash Dividend

Capital in Excess of Par Value

Cash Dividend

Non-controlling Interests

Beginning Balance at Dec. 31, 2016

$ 14,280

$ 0

$ 16,001

$ 0

$ (1,888)

$ 167

$ 0

Stockholders' Equity

Net income (loss)

(2)

Other comprehensive income (loss)

Other

Changes in Parent's net investment

221

Ending Balance at Mar. 31, 2017

14,652

16,290

(1,815)

177

Beginning Balance at Dec. 31, 2016

14,280

16,001

(1,888)

167

Ending Balance at Dec. 31, 2017

38,410

15,083

(103)

(703)

24,133

Stockholders' Equity

Effect of adoption of ASU 2016-16 on taxes (1)

^[1]

Net income (loss)

(19)

(89)

Other comprehensive income (loss)

316

118

198

Cash dividend ($0.18 per share)

$ (203)

$ (76)

$ (127)

Repurchase and cancellation of Class A and Class B common stock

(500)

(187)

(313)

Stock-based compensation cost

Other

(6)

(5)

(1)

Ending Balance at Mar. 31, 2018

$ 38,095

$ 14,845

$ 0

$ (8)

$ (585)

$ 23,843

$ 0

[1]	See "Note 1. Basis of Presentation and Summary of Significant Accounting Policies" for further details.

Condensed Consolidated and Combined Statements of Changes in Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Common Class A \| Cash Dividend
Cash dividends per share (in dollars per share)	$ 0.18

Condensed Consolidated and Combined Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Cash flows from operating activities:
Net income (loss)	$ (19)	$ 66
Adjustments to reconcile net income (loss) to net cash flows from operating activities:
Depreciation and amortization	388	132
Provision for deferred income taxes	(233)	(115)
Changes in operating assets and liabilities:
Current receivables	125	(18)
Inventories	(134)	24
Accounts payable	101	(16)
Progress collections and deferred income	(124)	(130)
Contract and other deferred assets	140	(222)
Other operating items, net	50	(67)
Net cash flows from (used in) operating activities	294	(346)
Cash flows from investing activities:
Expenditures for capital assets	(177)	(76)
Proceeds from disposal of assets	108	8
All other investing activities	(65)	1
Net cash flows used in investing activities	(134)	(67)
Cash flows from financing activities:
Net borrowings (repayments) of short-term debt and other borrowings	(181)	227
Repayment of long-term debt	(648)	0
Net transfer from Parent	0	228
Dividends paid	(76)	0
Distributions to noncontrolling interest	(127)	0
Repurchase of Class A common stock	(190)	0
Repurchase of GE common units by BHGE LLC	(323)	0
Other financing items, net	(8)	2
Net cash flows from (used in) financing activities	(1,553)	457
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash	(6)	2
Increase (decrease) in cash, cash equivalents and restricted cash	(1,399)	46
Cash, cash equivalents and restricted cash, beginning of period	7,030	981
Cash, cash equivalents and restricted cash, end of period	5,631	1,027
Supplemental cash flows disclosures:
Income taxes paid	82	48
Interest paid	$ 72	$ 8

Basis of Presentation and Summary of Significant Accounting Policies

3 Months Ended

Mar. 31, 2018

Accounting Policies [Abstract]

Basis of Presentation and Summary of Significant Accounting Policies

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

DESCRIPTION OF THE BUSINESS

Baker Hughes, a GE company (the Company, BHGE, we, us, or our), was formed on October 28, 2016, for the purpose of facilitating the combination of Baker Hughes Incorporated, a Delaware corporation (Baker Hughes), and the oil and gas business (GE O&G) of General Electric Company (GE). On July 3, 2017, we completed the combination of GE O&G and Baker Hughes (the Transactions) resulting in substantially all of the business of GE O&G and of Baker Hughes being transferred to a subsidiary of the Company, Baker Hughes, a GE company, LLC (BHGE LLC). GE has approximately 62.5% of economic interest in BHGE LLC and the Company has approximately 37.5% economic interest in BHGE LLC, held indirectly. We are a world-leading, fullstream oilfield technology provider that has a unique mix of equipment and service capabilities. We conduct business in more than 120 countries and employ approximately 64,000 employees.

BASIS OF PRESENTATION

BHGE, through two wholly owned subsidiaries, holds a minority economic interest in BHGE LLC, however, we conduct and exercise full control over all activities of BHGE LLC, without the approval of any other member. Accordingly, we consolidate the financial results of BHGE LLC and report a noncontrolling interest in our condensed consolidated and combined financial statements for the economic interest in BHGE LLC not held by us. We consider BHGE LLC to be a consolidated variable interest entity (VIE). We are a holding company and have no material assets other than our ownership interest in BHGE LLC and certain intercompany and tax related balances. BHGE LLC is a Securities and Exchange Commission (SEC) Registrant with separate filing requirements with the SEC and its separate financial information can be obtained from www.sec.gov. The current period results of operations may not be comparable to prior periods as the current period includes the results of Baker Hughes.

The accompanying unaudited condensed consolidated and combined financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (U.S. and such principles, U.S. GAAP) and pursuant to the rules and regulations of the SEC for interim financial information. All intercompany accounts and transactions have been eliminated. In the opinion of management, the condensed consolidated and combined financial statements reflect all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation of the results of operations, financial position and cash flows of the Company and its subsidiaries for the periods presented and are not indicative of the results that may be expected for a full year.

The Company's financial statements have been prepared on a consolidated basis, effective July 3, 2017, following consummation of the Transactions. Under this basis of presentation, our financial statements consolidate all of our subsidiaries (entities in which we have a controlling financial interest, most often because we hold a majority voting interest). All subsequent periods will also be presented on a consolidated basis. For all periods prior to July 3, 2017, the Company's financial statements were prepared on a combined basis. The combined financial statements combine certain accounts of GE and its subsidiaries that were historically managed as part of its Oil & Gas business and contributed to BHGE LLC as part of the Transactions (refer to "Note 3. Business Acquisition" for further details on the Transactions). Additionally, it also includes certain assets, liabilities and results of operations of other businesses of GE that were also contributed to BHGE LLC as part of the Transactions on a fully retrospective basis (in accordance with the guidance applicable to transactions between entities under common control) based on their carrying values, as reflected in the accounting records of GE. The condensed consolidated and combined statements of income reflect intercompany expense allocations made to us by GE for certain corporate functions and for shared services provided by GE. See "Note 16. Related Party Transactions" for further information on expenses allocated by GE. The historical financial results in the condensed consolidated and combined financial statements presented may not be indicative of the results that would have been achieved had GE O&G operated as a separate, stand-alone entity during those periods.

The GE O&G numbers in the condensed consolidated and combined statements of income (loss) have been reclassed to conform to the current presentation. We believe that the current presentation is a more appropriate presentation of the combined businesses. Merger and related costs includes all costs associated with the Transactions. Refer to "Note 3. Business Acquisition" for further details.

In the notes to unaudited condensed consolidated and combined financial statements, all dollar and share amounts in tabulations are in millions of dollars and shares, respectively, unless otherwise indicated. Certain columns and rows may not add due to the use of rounded numbers.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Please refer to "Note 1. Basis of Presentation and Summary of Significant Accounting Policies," to our condensed consolidated and combined financial statements from our Annual Report on Form 10-K for the year ended December 31, 2017 (2017 Annual Report) for the discussion of our significant accounting policies. Please refer to 'New Accounting Standards Adopted' section of this Note for changes to our accounting policies.

Cash, Cash Equivalents and Restricted Cash

As of March 31, 2018, and December 31, 2017, we had $1,124 million and $1,190 million, respectively, of cash held in bank accounts that cannot be released, transferred or otherwise converted into a currency that is regularly transacted internationally, due to lack of market liquidity, capital controls or similar monetary or exchange limitations limiting the flow of capital out of the jurisdiction. These funds are available to fund operations and growth in these jurisdictions and we do not currently anticipate a need to transfer these funds to the U.S. Included in these amounts is $655 million and $764 million, as of March 31, 2018 and December 31, 2017, respectively, held on behalf of GE.

Cash, cash equivalents and restricted cash includes a total of $836 million and $997 million of cash at March 31, 2018 and December 31, 2017, respectively, held on behalf of GE, and a corresponding liability is reported in short-term borrowings. See "Note 16. Related Party Transactions" for further details.

As a result of adopting Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) No. 2016-18, Statement of Cash Flows: Restricted Cash, we reclassified our restricted cash of $7 million from ‘all other assets’ to cash, cash equivalents and restricted cash as of December 31, 2017. At March 31, 2018, we continue to hold $7 million of cash that is restricted in nature as it legally cannot be used unless certain conditions are satisfied by us.

NEW ACCOUNTING STANDARDS ADOPTED

On January 1, 2018, we adopted the FASB ASU No. 2014-09, Revenue from Contracts with Customers, and the related amendments (ASC 606). We elected to adopt the new standard using the full retrospective method, where the standard was applied to each prior reporting period presented and the cumulative effect of applying the standard was recognized at January 1, 2016. This standard requires us to identify contractual performance obligations and determine whether revenue should be recognized at a point in time or over time based on when control of goods and services transfer to a customer. As a result, we changed the presentation of our financial statements, including: (1) timing of revenue recognition, and (2) changes in classification between revenue and costs. The standard has no cash impact and, as such, does not affect the economics of our underlying customer contracts. Our policy on recognizing revenue is as follows:

Revenue from Sale of Equipment

Performance Obligations Satisfied Over Time

We recognize revenue on agreements for sales of goods manufactured to unique customer specifications, including long-term construction projects, on an over-time basis utilizing cost inputs as the measurement criteria in assessing the progress toward completion. Our estimate of costs to be incurred to fulfill our promise to a customer is based on our history of manufacturing or constructing similar assets for customers and is updated routinely to reflect changes in quantity or pricing of the inputs. We begin to recognize revenue on these contracts when the contract specific inventory becomes customized for a customer, which is reflective of our initial transfer of control of the incurred costs. We provide for potential losses on any of these agreements when it is probable that we will incur the loss.

Our billing terms for these over-time contracts vary, but are generally based on achieving specified milestones. The differences between the timing of our revenue recognized (based on costs incurred) and customer billings (based on contractual terms) results in changes to our contract asset or contract liability positions.

Performance Obligations Satisfied at a Point In Time

We recognize revenue for non-customized equipment at the point in time that the customer obtains control of the good, which is no earlier than when the customer has physical possession of the product. Equipment for which we recognize revenue at a point in time include goods we manufacture on a standardized basis for sale to the market. We use proof of delivery for certain large equipment with more complex logistics associated with the shipment, whereas the delivery of other equipment is determined based on historical data of transit times between regions.

On occasion we sell products with a right of return. We use our accumulated experience to estimate and provide for such returns when we record the sale. In situations where arrangements include customer acceptance provisions based on seller or customer-specified objective criteria, we recognize revenue when we have concluded that the customer has control of the goods and that acceptance is likely to occur.

Our billing terms for these point in time equipment contracts vary, but are generally based on shipment of the goods to the customer.

Revenue from Sale of Services

Performance Obligations Satisfied Over Time

We sell product services under long-term product maintenance or extended warranty agreements in our Turbomachinery & Process Solutions and Oilfield Equipment segments. These agreements require us to maintain the customers' assets over the service agreement contract terms, which generally range from 10 to 20 years. In general, these are contractual arrangements to provide services, repairs, and maintenance of a covered unit (drilling rigs, gas or steam turbine or a combined cycle). These services are performed at various times during the life of the contract, thus the costs of performing services are incurred on other than a straight-line basis. We recognize related sales based on the extent of our progress toward completion measured by actual costs incurred in relation to total expected costs. We provide for any loss that we expect to incur on any of these agreements when that loss is probable. BHGE utilizes historical customer data, prior product performance data, statistical analysis, third-party data, and internal management estimates to calculate contract-specific margins. In certain contracts, the total transaction price is variable based on customer utilization, which is excluded from the contract margin until the period that the customer has utilized to appropriately reflect the revenue activity in the period earned.

Our billing terms for these contracts are generally based on achieving certain milestones or upon the occurrence of a major maintenance event within the contract. The differences between the timing of our revenue recognized (based on costs incurred) and customer billings (based on contractual terms) results in changes to our contract asset or contract liability positions.

Performance Obligations Satisfied at a Point In Time

We sell certain tangible products, largely spare equipment, through our services business. We recognize revenues for this equipment at the point in time that the customer obtains control of the good, which is at the point in time we deliver the spare part to the customer. Our billing terms for these point in time service contracts vary, but are generally based on shipment of the goods to the customer.

Impact of Adoption

As a result of the adoption of the standard, the timing of revenue recognition on our long-term product service agreements is affected. Although we continue to recognize revenue over time on these contracts, there are changes to how contract modifications, termination clauses and purchase options are accounted for by us. In particular, under the previous standard, the cumulative impact from a contract modification on revenue already recorded is recognized in the period in which the modification is agreed. Under the new standard, the impact from certain types of modifications is recognized over the remaining life of the contract.

The change in historical periods to our statements of income (loss) related to the adoption of the standard is summarized below (in millions, except per share amounts):



	Three Months Ended												Year Ended
	December 31, 2017			September 30, 2017			June 30, 2017			March 31, 2017			December 31, 2017			December 31, 2016
Revenue:
Sales of goods	$	86		$	13		$	37		$	27		$	163		$	(26	)
Sales of services	(50		)	(86		)	(33		)	(74		)	(243		)	(161		)
Total revenue	36			(73		)	4			(47		)	(80		)	(187		)

Operating loss	(14		)	(64		)	(6		)	(91		)	(175		)	(226		)

Net income (loss)	1			(84		)	(10		)	(57		)	(150		)	(149		)
Net income (loss) attributable to BHGE	1			(31		)	—			—			(30		)	—

Per share amounts:
Basic and diluted loss per Class A common stock	—			(0.07		)							(0.07		)

The increase (decrease) to our statement of financial position related to the adoption of the standard is summarized below:



	December 31, 2017
ASSETS
Current receivables, net	$	1
Inventories, net	(83		)
Contract and other deferred assets	(701		)
Deferred income taxes	233

LIABILITIES AND EQUITY
Progress collections and deferred income	$	394
All other current liabilities	(64		)
Deferred income taxes	(34		)
All other liabilities	(83		)
Baker Hughes, a GE company equity	(432		)
Noncontrolling interests	(331		)

The cumulative impact to our retained earnings (included in our net parent investment) as of January 1, 2016 was a reduction of $432 million.

On January 1, 2018, we adopted the FASB ASU No. 2016-16, Accounting for Income Taxes: Intra-Entity Asset Transfers of Assets Other than Inventory. The ASU eliminated the deferral of tax effects of intra-entity asset transfers other than inventory. As a result, the tax expense from the intercompany sale of assets, other than inventory, and associated changes to deferred taxes are recognized when the sale occurs even though the pre-tax effects of the transaction have not been recognized. The effect of the adoption of the standard was an increase to retained earnings of $25 million and an increase to noncontrolling interest of $42 million as of January 1, 2018 with no other impact to our financial statements. Future earnings will be reduced in total by this amount. The effect of the change on future transactions will depend on the nature and amount of future transactions as it will affect the timing of recognition of both tax expenses and tax benefits, with no change in the associated cash flows.

On January 1, 2018, we adopted the FASB ASU No. 2017-07, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost, which changed the income statement presentation of net periodic benefit cost by requiring separation between the service cost component and all other components. The service cost component is presented as an operating expense with other similar compensation costs arising for services rendered by the pertinent employees during the period. The non operating components are presented outside of income from operations.

The change in historical periods to our statements of income (loss) related to the adoption of ASU No. 2017-07 is summarized below:



	Three Months Ended						Year Ended
	March 31, 2018			March 31, 2017			December 31, 2017			December 31, 2016
Operating income (loss)	$	(5	)	$	2		$	(1	)	$	24
Non operating income (loss)	5			(2		)	1			(24		)

NEW ACCOUNTING STANDARDS TO BE ADOPTED

In February 2018, the FASB issued ASU No. 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. The ASU provides that the stranded tax effects from the Tax Cuts and Jobs Act on the balance of other comprehensive earnings may be reclassified to retained earnings. The ASU is effective for periods beginning after December 15, 2018, with an election to adopt early. We are evaluating the effect of the standard on our financial statements.

In February 2016, the FASB issued ASU No. 2016-02, Leases. The new standard establishes a right-of-use (ROU) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition. Similarly, lessors will be required to classify leases as sales-type, finance or operating, with classification affecting the pattern of income recognition. Classification for both lessees and lessors will be based on an assessment of whether risks and rewards as well as substantive control have been transferred through a lease contract. The new standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years, with early adoption permitted. A modified retrospective transition approach is required for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available. While we continue to evaluate the effect of the standard on our ongoing financial reporting, we anticipate that the adoption of the ASU may materially affect our condensed consolidated and combined financial statements.

All other new accounting pronouncements that have been issued but not yet effective are currently being evaluated and at this time are not expected to have a material impact on our financial position or results of operations.

Revenue Related to Contracts With Customers

3 Months Ended

Mar. 31, 2018

Revenue from Contract with Customer [Abstract]

REVENUE RELATED TO CONTRACTS WITH CUSTOMERS

DISAGGREGATED REVENUE

We disaggregate our revenue from contracts with customers by primary geographic markets.



	Three Months Ended March 31,
Total Revenue	2018		2017
U.S.	$	1,483	$	721
Non-U.S.	3,916		2,343
Total	$	5,399	$	3,064

REMAINING PERFORMANCE OBLIGATION

As of March 31, 2018, the aggregate amount of the transaction price allocated to the unsatisfied (or partially unsatisfied) performance obligations was $21.3 billion. We expect to recognize revenue of approximately 45%, 60% and 90% of the total remaining performance obligations within 2, 5, and 15 years, respectively and the remaining thereafter.

As part of our adoption of ASC 606, we elected to not disclose the amount of transaction price allocated to remaining performance obligation for the periods prior to adoption.

Business Acquisition

3 Months Ended

Mar. 31, 2018

Business Combinations [Abstract]

Business Acquisition

BUSINESS ACQUISITION

On July 3, 2017, we closed the Transactions to combine GE O&G and Baker Hughes, creating a world-leading, fullstream oilfield technology provider that has a unique mix of equipment and service capabilities. The Transactions were executed using a partnership structure, pursuant to which GE O&G and Baker Hughes each contributed their operating assets to a newly formed partnership, BHGE LLC. As a partnership, BHGE LLC is not itself subject to U.S. federal income tax under current U.S. tax laws. BHGE LLC's foreign subsidiaries, however, have incurred current and deferred foreign income taxes. As of March 31, 2018, GE holds an approximate 62.5% controlling interest in this partnership and our stockholders hold an approximate 37.5% interest through the ownership of 100% of our Class A common stock. GE holds its voting interest through our Class B common stock and its economic interest through a corresponding number of common units of BHGE LLC.

Based on the relative voting rights of our stockholders and GE immediately following completion of the Transactions, and after taking into consideration all relevant facts, GE O&G is considered to be the "acquirer" for accounting purposes. As a result, the Transactions are reported as a business combination using the acquisition method of accounting with GE O&G treated as the "acquirer" and Baker Hughes treated as the "acquired" company. The fair value of the consideration exchanged was $24,798 million.

The tables below present the preliminary estimates of the fair value of assets acquired and liabilities assumed and the associated fair value of the noncontrolling interest related to the acquired net assets of Baker Hughes. The final determination of fair value for certain assets and liabilities will be completed as soon as the information necessary to complete the analysis is obtained. These amounts, which may differ materially from these preliminary estimates, will continue to be refined and will be finalized as soon as possible, but no later than one year from the acquisition date. The primary areas of the preliminary estimates that are not yet finalized relate to inventory, property, plant and equipment, identifiable intangible assets, equity-method investments, deferred income taxes, uncertain tax positions and noncontrolling interest associated with net assets acquired.



Preliminary identifiable assets acquired and liabilities assumed	Estimated fair value at July 3, 2017
Assets
Cash and equivalents	$	4,133
Current receivables	2,342
Inventories	1,706
Property, plant and equipment	4,571
Intangible assets ⁽¹⁾	4,078
All other assets	1,596
Liabilities
Accounts payable	(1,209		)
Borrowings	(3,370		)
Deferred income taxes ⁽²⁾	(326		)
Liabilities for pension and other postretirement benefits	(654		)
All other liabilities	(1,424		)
Total identifiable net assets	$	11,443
Noncontrolling interest associated with net assets acquired	(76		)
Goodwill ⁽³⁾	13,431
Total purchase consideration	$	24,798

⁽¹⁾

Intangible assets, as provided in the table below, are recorded at estimated fair value, as determined by management based on available information which includes a preliminary valuation. The estimated useful lives for intangible assets were determined based upon the remaining useful economic lives of the intangible assets that are expected to contribute directly or indirectly to future cash flows. We consider the Baker Hughes trade name to be an indefinite life intangible asset, which will not be amortized and will be subject to an annual impairment test.



	Estimated Fair Value		Estimated Weighted Average Life (Years)
Trade name - Baker Hughes	$	2,100	Indefinite life
Customer relationships	1,320		15
Patents and technology	465		10
In-process research and development	70		Indefinite life
Capitalized software	62		3-7
Trade names - other	40		10
Favorable lease contracts & others	21		10
Total	$	4,078


⁽²⁾	Includes approximately $563 million of net deferred tax liabilities related to the estimated fair value of intangible assets included in the preliminary purchase consideration and approximately $237 million of other net deferred tax assets, including non-U.S. loss carryforwards net of valuation allowances and offsetting liabilities for unrecognized benefits.

⁽³⁾

Goodwill represents the excess of the total purchase consideration over fair value of the net assets recognized and represents the future economic benefits that we believe will result from combining the operations of GE O&G and Baker Hughes, including expected future synergies and operating efficiencies. Goodwill resulting from the Transactions has been preliminarily allocated to the Oilfield Services segment, of which $67 million is deductible for tax purposes.

During the first quarter of 2018, the Company made measurement period adjustments to reflect facts and circumstances in existence as of the acquisition date. These adjustments resulted in an increase in goodwill of approximately $379 million primarily due to a reduction in the step-up to fair value of property, plant and equipment of $288 million and a reduction in intangible assets of $45 million from prior quarter. As a result of the reduction in property, plant and equipment and intangible assets during the first quarter of 2018, we recorded an adjustment to depreciation and amortization expense of $27 million that would have been recorded in previous interim reporting periods if the adjustment to the provisional amounts had been recognized at the acquisition date. Additionally, approximately $343 million of foreign tax credit carryforwards offset with a valuation allowance were recorded related to foreign earnings that were not considered to be permanently reinvested. We reclassified certain balances to conform to our current presentation.

INCOME TAXES

BHGE LLC is treated as a partnership for U.S. federal income tax purposes. As such, BHGE LLC is not itself subject to U.S. federal income tax under current U.S. tax laws. The members of BHGE LLC are each required to take into account for U.S. federal income tax purposes their distributive share of the items of income, gain, loss and deduction of BHGE LLC, which generally includes our U.S. operations. BHGE and GE are each taxed on their distributive share of income and gain, whether or not a corresponding amount of cash or other property is distributed to them. For assets held indirectly by BHGE LLC through subsidiaries, the taxes attributable to those subsidiaries will be reflected in our condensed consolidated and combined financial statements.

MERGER AND RELATED COSTS

During the three months ended March 31, 2018 and 2017, acquisition costs of $46 million and $66 million, respectively, were expensed as incurred and were reported as merger and related costs. Such costs include professional fees of advisors and integration and synergy costs related to the combination of Baker Hughes and GE O&G.

UNAUDITED PRO FORMA INFORMATION

The following unaudited pro forma information has been presented as if the Transactions occurred on January 1, 2016. This information has been prepared by combining the historical results of GE O&G and historical results of Baker Hughes. The unaudited pro forma combined financial data for all periods presented were adjusted to give effect to pro forma events that 1) are directly attributable to the Transactions, 2) factually supportable, and 3) expected to have a continuing impact on the consolidated results of operations. The adjustments are based on information available to the Company at this time. Accordingly, the adjustments are subject to change and the impact of such changes may be material. The unaudited pro forma results do not include any incremental cost savings that may result from the integration.

The unaudited combined pro forma information is for informational purposes only and is not necessarily indicative of what the combined company's results actually would have been had the acquisition been completed as of the beginning of the periods as indicated. In addition, the unaudited pro forma information does not purport to project the future results of the combined company.

Significant adjustments to the pro forma information below include recognition of non-recurring direct incremental acquisition costs in 2016 and exclusion of those costs from all other periods presented; amortization associated with an estimate of the acquired intangible assets; depreciation associated with an estimate of the fair value step-up of property, plant and equipment; and reduction of interest expense for fair value adjustments to debt.



	Three Months Ended March 31, 2017
Revenue	$	5,324
Net loss	(6		)
Net income attributable to the Company	6
Basic earnings per Class A common stock	0.01
Diluted earnings per Class A common stock ⁽¹⁾	0.01


⁽¹⁾	The calculation of diluted loss per Class A common stock excludes shares potentially issuable under stock-based incentive compensation plans and the exchange of Class B common stock with Class A common stock under the Exchange Agreement, as their effect, if included, would be anti-dilutive.

Current Receivables

3 Months Ended

Mar. 31, 2018

Receivables [Abstract]

Current Receivables

CURRENT RECEIVABLES

Current receivables are comprised of the following:



	March 31, 2018			December 31, 2017
Customer receivables	$	4,732		$	4,700
Related parties	691			801
Other	788			844
Total current receivables	6,211			6,345
Less: Allowance for doubtful accounts	(346		)	(330		)
Total current receivables, net	$	5,865		$	6,015

Customer receivables are recorded at the invoiced amount. The "Other" category primarily consists of advance payments to suppliers, indirect taxes and other tax receivables.

Inventories

3 Months Ended

Mar. 31, 2018

Inventory, Net [Abstract]

Inventories

INVENTORIES

Inventories, net of reserves of $372 million and $360 million as of March 31, 2018 and December 31, 2017, respectively, are comprised of the following:



	March 31, 2018		December 31, 2017
Finished goods	$	2,527	$	2,577
Work in process and raw material	2,169		1,930
Total inventories, net	$	4,696	$	4,507

During the three months ended March 31, 2018 and 2017, we recorded $61 million and $15 million, respectively, of inventory impairments as a result of certain restructuring activities initiated by the Company. Charges for inventory impairments are reported in the "Cost of goods sold" caption of the condensed consolidated and combined statements of income (loss).

Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

GOODWILL AND OTHER INTANGIBLE ASSETS

GOODWILL

The changes in the carrying value of goodwill are detailed below by segment:



	Oilfield Services			Oilfield Equipment			Turbo-machinery & Process Solutions		Digital Solutions			Total
Balance at December 31, 2016, gross	$	2,779		$	3,852		$	1,814	$	1,989		$	10,434
Accumulated impairment at December 31, 2016	(2,633		)	(867		)	—		(254		)	(3,754		)
Balance at December 31, 2016	146			2,985			1,814		1,735			6,680
Acquisition ⁽¹⁾	13,052			—			—		—			13,052
Currency exchange and others	7			49			92		47			195
Balance at December 31, 2017	13,205			3,034			1,906		1,782			19,927
Purchase accounting adjustments⁽¹⁾	379			—			—		—			379
Currency exchange and others	28			33			41		27			129
Balance at March 31, 2018	$	13,612		$	3,067		$	1,947	$	1,809		$	20,435


⁽¹⁾	Includes goodwill associated with the acquisition of Baker Hughes. This amount and its allocations to segments are preliminary.

In addition to our annual impairment testing on July 1 each year, we also test goodwill for impairment between annual impairment testing dates whenever events or circumstances occur that, in our judgment, could more likely than not reduce the fair value of one or more reporting units below its carrying amount. In assessing the possibility that a reporting unit's fair value has been reduced below its carrying amount due to the occurrence of events or circumstances between annual impairment testing dates, we consider all available evidence, including (but not limited to) (i) the results of our impairment testing at the prior annual impairment testing date (in particular, the magnitude of the excess of fair value over carrying value observed), (ii) downward revisions to internal forecasts (and the magnitude thereof), if any, and (iii) declines in our market capitalization below our book value (and the magnitude and duration of those declines), if any. During the first quarter of 2018, we have not identified any events or circumstances that could more likely than not reduce the fair value of one or more of our reporting units below its carrying amount. However, there can be no assurances that further sustained declines in macroeconomic or business conditions affecting our industry and businesses (i) will not occur and, (ii) were they to occur, that those further sustained declines will not result in additional impairments in future periods.

As of March 31, 2018, we believe that the goodwill is recoverable for all the reporting units; however, there can be no assurances that the goodwill will not be impaired in future periods.

OTHER INTANGIBLE ASSETS

Intangible assets are comprised of the following:



	March 31, 2018							December 31, 2017
	Gross Carrying Amount		Accumulated Amortization			Net		Gross Carrying Amount		Accumulated Amortization			Net
Technology	$	1,118	$	(479	)	$	639	$	1,177	$	(440	)	$	737
Customer relationships	3,279		(877		)	2,402		3,202		(819		)	2,383
Capitalized software	1,138		(753		)	385		1,130		(697		)	433
Trade names and trademarks	726		(192		)	534		757		(159		)	598
Other	14		(1		)	14		10		—			10
Finite-lived intangible assets	6,275		(2,302		)	3,974		6,276		(2,115		)	4,161
Indefinite-lived intangible assets ⁽¹⁾	2,229		—			2,229		2,197		—			2,197
Total intangible assets	$	8,504	$	(2,302	)	$	6,203	$	8,473	$	(2,115	)	$	6,358


⁽¹⁾	Indefinite-lived intangible assets are principally comprised of the Baker Hughes trade name.

Intangible assets are generally amortized on a straight-line basis with estimated useful lives ranging from 1 to 30 years. Amortization expense for the three months ended March 31, 2018 and 2017 was $139 million and $63 million, respectively. During the three months ended March 31, 2018, we incurred additional amortization expense of $35 million due to the acquisition of Baker Hughes. In addition, we incurred $37 million of accelerated amortization during the first quarter of 2018 related to trade names and technology that we will cease to use by the end of the second quarter of 2018 as a result of the combination of Baker Hughes and GE O&G. This decision is expected to generate an additional charge of $34 million in the second quarter of 2018.

Estimated amortization expense for the remainder of 2018 and each of the subsequent five fiscal years is expected to be as follows:



Year	Estimated Amortization Expense
Remainder of 2018	$	338
2019	375
2020	348
2021	300
2022	266
2023	247

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

Contract and Other Deferred Assets

3 Months Ended

Mar. 31, 2018

Deferred Revenue Disclosure [Abstract]

Contract and Other Deferred Assets

CONTRACT AND OTHER DEFERRED ASSETS

A majority of our long-term product service agreements relate to our Turbomachinery & Process Solutions segment. Contract assets reflect revenue earned in excess of billings on our long-term contracts to construct technically complex equipment, long-term product maintenance or extended warranty arrangements and other deferred contract related costs. Contract assets are comprised of the following:



	March 31, 2018		December 31, 2017
Long-term product service agreements	$	615	$	589
Long-term equipment contract revenue ⁽¹⁾	1,108		1,095
Contract assets (total revenue in excess of billings) ⁽²⁾	1,723		1,684
Deferred inventory costs ⁽³⁾	208		360
Contract and other deferred assets	$	1,931	$	2,044


⁽¹⁾	Reflects revenue earned in excess of billings on our long-term contracts to construct technically complex equipment.


⁽²⁾	Contract assets (total revenue in excess of billings) were $1,233 million as of January 1, 2017.


⁽³⁾	Deferred inventory costs were $276 million as of January 1, 2017, which represents cost deferral for shipped goods and other costs where the criteria for revenue recognition has not yet been met.

Revenue recognized in the three months ended March 31, 2018 and 2017 from performance obligations satisfied (or partially satisfied) in previous periods related to our long-term service agreements was approximately $10 million and approximately $30 million, respectively. This includes revenue recognized from revisions to cost or billing estimates that may affect a contract’s total estimated profitability resulting in an adjustment of earnings.

Progress Collections and Deferred Income

3 Months Ended

Mar. 31, 2018

Revenue Recognition and Deferred Revenue [Abstract]

Progress Collections and Deferred Income

PROGRESS COLLECTIONS AND DEFERRED INCOME

Contract liabilities include progress collections, which reflects billings in excess of revenue, and deferred income on our long-term contracts to construct technically complex equipment, long-term product maintenance or extended warranty arrangements. Contract liabilities are comprised of the following:



	March 31, 2018		December 31, 2017
Progress collections	$	1,474	$	1,456
Deferred income	202		319
Progress collections and deferred income (contract liabilities) ⁽¹⁾	$	1,676	$	1,775


⁽¹⁾	Progress collections and deferred income (contract liabilities) was $2,038 million at January 1, 2017.

Revenue recognized for the three months ended March 31, 2018 and 2017 that was included in the contract liabilities at the beginning of the period was $602 million and $529 million, respectively.

Borrowings

3 Months Ended

Mar. 31, 2018

Debt Disclosure [Abstract]

Borrowings

BORROWINGS

Short-term and long-term borrowings are comprised of the following:



	March 31, 2018		December 31, 2017
Short-term borrowings
Short-term bank borrowings	$	124	$	171
Current portion of long-term borrowings	—		639
Short-term borrowings from GE	992		1,124
Other borrowings	60		103
Total short-term borrowings	$	1,176	$	2,037

Long-term borrowings
3.2% Senior Notes due August 2021	$	525	$	526
2.773% Senior Notes due December 2022	1,245		1,244
8.55% Debentures due June 2024	134		135
3.337% Senior Notes due December 2027	1,343		1,342
6.875% Notes due January 2029	303		308
5.125% Notes due September 2040	1,310		1,311
4.08% Senior Notes due December 2047	1,337		1,337
Capital leases	79		87
Other long-term borrowings	20		22
Total long-term borrowings	6,296		6,312
Total borrowings	$	7,472	$	8,349

BHGE LLC has a five-year $3 billion committed unsecured revolving credit facility (the 2017 Credit Agreement) with commercial banks maturing in July 2022. The 2017 Credit Agreement contains certain customary representations and warranties, certain affirmative covenants and no negative covenants. Upon the occurrence of certain events of default, our obligations under the 2017 Credit Agreement may be accelerated. Such events of default include payment defaults to lenders under the 2017 Credit Agreement, and other customary defaults. No such events of default have occurred. During the three months ended March 31, 2018, there were no borrowings under the 2017 Credit Agreement.

BHGE LLC has a commercial paper program under which it may issue from time to time up to $3 billion in commercial paper with maturities of no more than 397 days. At March 31, 2018, we had no borrowings outstanding under the commercial paper program. The maximum combined borrowing at any time under both the 2017 Credit Agreement and the commercial paper program is $3 billion.

In January 2018, BHGE LLC purchased all of the remaining outstanding 2018 Senior Notes of $615 million for a total consideration of $637 million. The carrying value of the 2018 Senior Notes was $639 million, which includes $24 million of fair value step-up from the Baker Hughes acquisition. As a result of the repurchase, we recorded a gain of $2 million. Also in January 2018, BHGE LLC commenced an offering to exchange $3,950 million of all the outstanding, unregistered senior notes that were issued in a private offering in December 2017, for identical, registered 2.773% Senior Notes due 2022, 3.337% Senior Notes due 2027 and 4.080% Senior Notes due 2047. The exchange offer was completed at the end of January 2018.

Concurrent with the Transactions associated with the acquisition of Baker Hughes on July 3, 2017, Baker Hughes Co-Obligor, Inc. became a co-obligor, jointly and severally with BHGE LLC, on our registered debt securities. This co-obligor is a 100%-owned finance subsidiary of BHGE LLC that was incorporated for the sole purpose of serving as a co-obligor of debt securities and has no assets or operations other than those related to its sole purpose. Baker Hughes Co-Obligor, Inc. is also a co-obligor of the $3,950 million senior notes issued in December 2017 by BHGE LLC in a private placement and subsequently registered in January 2018.

The estimated fair value of total borrowings at March 31, 2018 and December 31, 2017 was $7,320 million and $8,466 million, respectively. For a majority of our borrowings the fair value was determined using quoted period-end market prices. Where market prices are not available, we estimate fair values based on valuation methodologies using current market interest rate data adjusted for our non-performance risk.

See "Note 16. Related Party Transactions" for additional information on the short-term borrowings from GE.

Employee Benefit Plans

3 Months Ended

Mar. 31, 2018

Retirement Benefits [Abstract]

Employee Benefits Plans

EMPLOYEE BENEFIT PLANS

Certain of our U.S. employees are covered under various U.S. GE employee benefit plans, including GE's retirement plans (pension, retiree health and life insurance, and savings benefit plans). In addition, certain United Kingdom (UK) employees participate in the GE UK Pension Plan. We are allocated relevant participation costs for these GE employee benefit plans as part of multi-employer plans. As such, we have not recorded any liabilities associated with our participation in these plans. Expenses associated with our participation in these plans was $37 million and $26 million in the three months ended March 31, 2018 and 2017, respectively.

In addition to these GE plans, certain of our employees are also covered by company sponsored employee defined benefit plans. These defined benefit plans include seven U.S. plans and six non-U.S. plans, primarily in the UK, Germany, and Canada, all with plan assets or obligations greater than $20 million. We use a December 31 measurement date for these plans. These defined benefit plans generally provide benefits to employees based on formulas recognizing length of service and earnings.

The components of net periodic cost (benefit) of plans sponsored by us are as follows for the three months ended March 31:



	Pension Benefits
	2018			2017
Service cost	$	5		$	3
Interest cost	18			7
Expected return on plan assets	(30		)	(10		)
Amortization of prior service credit	—			—
Amortization of net actuarial (gain) loss	2			3
Net periodic cost (benefit)	$	(5	)	$	3

The service cost component of the net periodic cost (benefit) is included in operating income (loss) and all other components are included in non operating income (loss) in our condensed consolidated and combined statements of income (loss).

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES On December 22, 2017, the U.S. enacted the Tax Cuts and Jobs Act (U.S. tax reform). In 2017, the impact of U.S. tax reform was recorded on a provisional basis as the legislation provides for additional guidance to be issued by the U.S. Department of the Treasury on several provisions including the computation of the transition tax which could impact the calculation of the transition tax charge and the revaluation of deferred taxes. In addition, analysis performed and conclusions reached as part of the tax return filing process and additional guidance on accounting for tax reform could affect the provisional amount. As part of purchase accounting for the Baker Hughes acquisition, we have made preliminary estimates of the fair value of assets acquired and liabilities assumed. Accordingly, changes to these estimates resulting from the finalization of the fair values may also require us to adjust the provisional impact of U.S. tax reform. Additionally, as part of U.S. tax reform, the U.S. has enacted a tax on "base eroding" payments from the U.S. (i.e. Base Erosion Anti-Abuse Tax (“BEAT”)) and a minimum tax on foreign earnings (global intangible low-taxed income). Because aspects of the new law and the effect on our operations are uncertain and because aspects of the accounting rules associated with this provision have not been resolved, we did not make a provisional accrual for the deferred tax aspects of this provision and have not yet made an accounting policy election on the deferred tax treatment of this tax. For the quarter ended March 31, 2018, income tax benefit was $86 million compared to tax expense of $8 million for the prior year quarter. The difference between the U.S. statutory tax rate of 21% and the current effective tax rate is primarily due to the net tax benefit of $124 million related to U.S. tax reform predominantly for the release of a portion of the U.S. valuation allowance, partially offset by higher tax expense of approximately $58 million related to losses with no tax benefit due to valuation allowances. The prior year quarter reflects 100% of the taxes associated with U.S. and non-U.S. earnings of the GE O&G business.

Equity

3 Months Ended

Mar. 31, 2018

Equity [Abstract]

Equity

EQUITY

COMMON STOCK

We are authorized to issue 2 billion shares of Class A common stock, 1.25 billion shares of Class B common stock and 50 million shares of preferred stock each of which have a par value of $0.0001 per share. The number of Class A common stock and Class B common stock shares outstanding as of March 31, 2018 is 416 million and 696 million, respectively. We have not issued any preferred stock. GE owns all the issued and outstanding Class B common stock. Each share of Class A and Class B common stock and the associated membership interest in BHGE LLC form a paired interest. While each share of Class B common stock has equal voting rights to a share of Class A common stock, it has no economic rights, meaning holders of Class B common stock have no right to dividends or any assets in the event of liquidation of the Company.

During the quarter, the Company declared and paid a regular dividend of $0.18 per share to holders of record of the Company's Class A common stock.

The following table presents the changes in number of shares outstanding (in thousands):



	Class A Common Stock		Class B Common Stock
Balance at December 31, 2017	422,208		706,985
Issue of shares upon vesting of restricted stock units ⁽¹⁾	316		—
Issue of shares on exercises of stock options⁽¹⁾	66		—
Stock repurchase program ^{(2) (3)}	(6,290	)	(10,524	)
Balance at March 31, 2018	416,300		696,460


⁽¹⁾	Share amounts reflected above are net of shares withheld to satisfy the employee's tax withholding obligation.

⁽²⁾

On November 2, 2017, our board of directors authorized BHGE LLC to repurchase up to $3 billion of its common units from the Company and GE. The proceeds of this repurchase are to be used by BHGE to repurchase Class A common stock of the Company on the open market, which if fully implemented would result in the repurchase of approximately $1.1 billion of Class A common stock. The Class B common stock of the Company, paired with common units, will be repurchased by the Company at par value. The $3 billion repurchase authorization is the aggregate authorization for repurchases of Class A common stock and Class B common stock together with its paired common unit. At March 31, 2018, BHGE LLC had authorization remaining to repurchase up to approximately $2 billion of its common units from BHGE and GE.


⁽³⁾	During the three months ended March 31, 2018, we repurchased and canceled 6,290,420 shares of Class A common stock for a total of $187 million. We also repurchased and canceled 10,523,873 shares of Class B common stock from GE together with the paired common units of BHGE LLC for $313 million.

ACCUMULATED OTHER COMPREHENSIVE LOSS (AOCL)

The following tables present the changes in accumulated other comprehensive loss, net of tax:



	Investment Securities		Foreign Currency Translation Adjustments			Cash Flow Hedges			Benefit Plans			Accumulated Other Comprehensive Loss
Balance at December 31, 2017	$	1	$	(682	)	$	1		$	(23	)	$	(703	)
Other comprehensive income (loss) before reclassifications	—		312			8			(3		)	317
Amounts reclassified from accumulated other comprehensive income (loss)	—		—			—			—			—
Deferred taxes	—		—			(1		)	—			(1		)
Other comprehensive income (loss)	—		312			7			(3		)	316
Less: Other comprehensive income (loss) attributable to noncontrolling interests	—		196			4			(2		)	198
Balance at March 31, 2018	$	1	$	(566	)	$	4		$	(24	)	$	(585	)



	Investment Securities			Foreign Currency Translation Adjustments			Cash Flow Hedges			Benefit Plans			Accumulated Other Comprehensive Loss
Balance at December 31, 2016	$	—		$	(1,795	)	$	(10	)	$	(83	)	$	(1,888	)
Other comprehensive income (loss) before reclassifications	39			49			(2		)	(2		)	84
Amounts reclassified from accumulated other comprehensive income (loss)	1			—			7			(2		)	6
Deferred taxes	(14		)	(3		)	(1		)	3			(15		)
Other comprehensive income (loss)	26			46			4			(1		)	75
Less: Other comprehensive income attributable to noncontrolling interests	—			—			—			2			2
Balance at March 31, 2017	$	26		$	(1,749	)	$	(6	)	$	(86	)	$	(1,815	)

The amounts reclassified from accumulated other comprehensive loss during the three months ended March 31, 2018 and 2017 represent realized gains on investment securities, foreign exchange contracts on our cash flow hedges (see "Note 14. Financial Instruments" for additional details) and amortization of net actuarial gain (loss) and prior service credit, which are included in the computation of net periodic pension cost (see "Note 10. Employee Benefit Plans" for additional details). These reclassifications are recorded across the various cost and expense line items within the condensed consolidated and combined statements of income (loss).

NONCONTROLLING INTEREST

Noncontrolling interests represent the portion of net assets in consolidated entities that are not owned by the Company. As of March 31, 2018, GE owned approximately 62.5% of BHGE LLC and this represents the majority of the noncontrolling interest balance reported within equity.



	March 31, 2018		December 31, 2017
GE's interest in BHGE LLC	$	23,704	$	23,993
Other noncontrolling interests	139		140
Total noncontrolling interests	$	23,843	$	24,133

Earnings Per Share

3 Months Ended

Mar. 31, 2018

Earnings Per Share [Abstract]

Earnings Per Share

EARNINGS PER SHARE

Basic and diluted net income (loss) per share of Class A common stock is presented below:



	Three Months Ended March 31,
(In millions, except per share amounts)	2018			2017
Net income (loss)	$	(19	)	$	66
Less: Net income attributable to GE O&G pre-merger	—			68
Less: Net loss attributable to noncontrolling interests	(89		)	(2		)
Net income attributable to BHGE	$	70		$	—

Weighted average shares outstanding:
Class A basic	421
Class A diluted	422
Net income per share attributable to common stockholders:
Class A basic	$	0.17
Class A diluted	0.17

The allocation of net income to holders of shares of Class A common stock began following the close of the Transactions on July 3, 2017. Therefore, earnings attributable to Class A common stock for any period prior to July 3, 2017 will be nil. Please refer to "Note 3. Business Acquisition" for proforma earnings per share.

As of July 3, 2017, GE, BHGE and BHGE LLC entered into an Exchange Agreement under which GE is entitled to exchange its holding in Class B common stock and units of BHGE LLC for Class A common stock on a one-for-one basis (subject to adjustment in accordance with the terms of the Exchange Agreement) or, at the option of BHGE, an amount of cash equal to the aggregate value (determined in accordance with the terms of the Exchange Agreement) of the shares of Class A common stock that would have otherwise been received by GE in the exchange. In computing the dilutive effect, if any, that the aforementioned exchange would have on net income (loss) per share, net income (loss) attributable to holders of Class A common stock would be adjusted due to the elimination of the noncontrolling interests associated with the Class B common stock (including any tax impact). For the three months ended March 31, 2018, such exchange is not reflected in diluted net income (loss) per share as the assumed exchange is not dilutive.

Shares of our Class B common stock do not share in earnings or losses of the Company and are not considered in the calculation of basic or diluted earnings per share (EPS). As such, separate presentation of basic and diluted EPS of Class B under the two class method has not been presented.

There were approximately five million options that were excluded from our diluted EPS calculation because their effect is antidilutive. These options were outstanding but excluded from the calculation because the exercise price exceeded the average market price of the Class A common shares.

Financial Instruments

3 Months Ended

Mar. 31, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Financial Instruments

FINANCIAL INSTRUMENTS

RECURRING FAIR VALUE MEASUREMENTS

Our assets and liabilities measured at fair value on a recurring basis consists of derivative instruments and investment securities.



	March 31, 2018										December 31, 2017
	Level 1		Level 2			Level 3		Net Balance			Level 1		Level 2			Level 3		Net Balance
Assets
Derivatives	$	—	$	205		$	—	$	205		$	—	$	150		$	—	$	150
Investment securities	75		—			326		401			81		8			304		393
Total assets	75		205			326		606			81		158			304		543

Liabilities
Derivatives	—		(129		)	—		(129		)	—		(95		)	—		(95		)
Total liabilities	$	—	$	(129	)	$	—	$	(129	)	$	—	$	(95	)	$	—	$	(95	)

There were no transfers between Level 1, 2 and 3 during the three months ended March 31, 2018.

The following table provides a reconciliation of recurring Level 3 fair value measurements for investment securities:



Balance at December 31, 2017	$	304
Purchases	34
Proceeds at maturity	(12		)
Balance at March 31, 2018	$	326

The most significant unobservable input used in the valuation of our Level 3 instruments is the discount rate. Discount rates are determined based on inputs that market participants would use when pricing investments, including credit and liquidity risk. An increase in the discount rate would result in a decrease in the fair value of our investment securities. There are no unrealized gains or losses recognized in the consolidated and combined statement of income (loss) on account of any Level 3 instrument still held at the reporting date. At March 31, 2018, we held $156 million of these investment securities on behalf of GE.



	March 31, 2018								December 31, 2017
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
Investment securities
Non-U.S. debt securities	$	325	$	1	$	—	$	326	$	310	$	2	$	—	$	312
Equity securities	75		—		—		75		81		—		—		81
Total	$	400	$	1	$	—	$	401	$	391	$	2	$	—	$	393

All of our non-U.S. debt securities are classified as available for sale instruments and mature within three years.

FAIR VALUE DISCLOSURE OF FINANCIAL INSTRUMENTS

Our financial instruments include cash, cash equivalents and restricted cash, current receivables, investments, accounts payable, short and long-term debt, and derivative financial instruments. Except for long-term debt, the estimated fair value of these financial instruments at March 31, 2018 and December 31, 2017 approximates their carrying value as reflected in our condensed consolidated and combined financial statements. For further information on the fair value of our debt, see "Note 9. Borrowings."

DERIVATIVES AND HEDGING

We use derivatives to manage our risks and do not use derivatives for speculation.

The table below summarizes the fair value of all derivatives, including hedging instruments and embedded derivatives.



	March 31, 2018					December 31, 2017
	Assets		(Liabilities)			Assets		(Liabilities)
Derivatives accounted for as hedges
Currency exchange contracts	$	10	$	—		$	6	$	—

Derivatives not accounted for as hedges
Currency exchange contracts	195		(129		)	144		(95		)
Total derivatives	$	205	$	(129	)	$	150	$	(95	)

Derivatives are classified in the captions "All other current assets," "All other assets," "All other current liabilities," and "All other liabilities" depending on their respective maturity date.

RISK MANAGEMENT STRATEGY

We buy, manufacture and sell components and products as well as provide services across global markets. These activities expose us to changes in foreign currency exchange rates and commodity prices, which can adversely affect revenues earned and costs of operating our business. When the currency in which we sell equipment differs from the primary currency (known as its functional currency) and the exchange rate fluctuates, it will affect the revenue we earn on the sale. These sales and purchase transactions also create receivables and payables denominated in foreign currencies, along with other monetary assets and liabilities, which expose us to foreign currency gains and losses based on changes in exchange rates. Changes in the price of a raw material that we use in manufacturing can affect the cost of manufacturing. We use derivatives to mitigate or eliminate these exposures.

FORMS OF HEDGING

Cash Flow Hedges

We use cash flow hedging primarily to reduce or eliminate the effects of foreign exchange rate changes on purchase and sale contracts. Accordingly, the vast majority of our derivative activity in this category consists of currency exchange contracts. We also use commodity derivatives to reduce or eliminate price risk on raw materials purchased for use in manufacturing.

Economic Hedges

These derivatives are not designated as hedges from an accounting standpoint (and therefore we do not apply hedge accounting to the relationship) but otherwise serve the same economic purpose as other hedging arrangements. Some economic hedges are used when changes in the carrying amount of the hedged item are already recorded in earnings in the same period as the derivative, making hedge accounting unnecessary. For some other types of economic hedges, changes in the fair value of the derivative are recorded in earnings currently but changes in the value of the forecasted foreign currency cash flows are only recognized in earnings when they occur. As a result, even though the derivative is an effective economic hedge, there is a net effect on earnings in each period due to differences in the timing of earnings recognition between the derivative and the hedged item. These derivatives are marked to fair value through earnings each period.

NOTIONAL AMOUNT OF DERIVATIVES

The notional amount of a derivative is the number of units of the underlying (for example, the notional principal amount of the debt in an interest rate swap). A substantial majority of the outstanding notional amount of $11.3 billion and $10.2 billion at March 31, 2018 and December 31, 2017, respectively, is related to hedges of anticipated sales and purchases in foreign currency, commodity purchases, and contractual terms in contracts that are considered embedded derivatives and for intercompany borrowings in foreign currencies. We generally disclose derivative notional amounts on a gross basis to indicate the total counterparty risk. Where we have gross purchase and sale derivative contracts for a particular currency, we look to execute these contracts with the same counterparty to reduce our exposure. The corresponding net notional amounts were $3.0 billion and $3.3 billion at March 31, 2018 and December 31, 2017, respectively.

The table below provides additional information about how derivatives are reflected in our condensed consolidated and combined financial statements.



Carrying amount related to derivatives	March 31, 2018			December 31, 2017
Derivative assets	$	205		$	150
Derivative liabilities	(129		)	(95		)
Net derivatives	$	76		$	55

EFFECTS OF DERIVATIVES ON EARNINGS

All derivatives are marked to fair value on our condensed consolidated and combined statement of financial position, whether they are designated in a hedging relationship for accounting purposes or are used as economic hedges. As discussed in the previous sections, each type of hedge affects the financial statements differently. In some economic hedges, both the hedged item and the hedging derivative offset in earnings in the same period. In other economic hedges, the hedged item and the hedging derivative offset in earnings in different periods. In cash flow, the effective portion of the hedging derivative is offset in separate components of equity and ineffectiveness is recognized in earnings. The table below summarizes these offsets and the net effect on pre-tax earnings.



	Three Months Ended March 31,
	2018						2017
	Cash Flow Hedges			Economic Hedges			Cash Flow Hedges			Economic Hedges
Effect on hedging instrument	$	(8	)	$	17		$	2		$	(8	)
Effect on underlying	8			(15		)	(2		)	9
Effect on earnings ⁽¹⁾	—			2			—			1


⁽¹⁾	For cash flow hedges, the effect on earnings, if any, is primarily related to ineffectiveness. For economic hedges on forecasted transactions, the effect on earnings is substantially offset by future earnings on economically hedged items.

Changes in the fair value of cash flow hedges are recorded in a separate component of equity (referred to below as Accumulated Other Comprehensive Income, or AOCI) and are recorded in earnings in the period in which the hedged transaction occurs. The table below summarizes this activity by hedging instrument.



	Three Months Ended March 31,
	2018		2017			2018		2017
	Gain (loss) recognized in AOCI					Gain (loss) reclassified from AOCI to earnings
Currency exchange contracts	$	8	$	(2	)	$	—	$	(7	)

We expect to transfer $7 million to earnings as an expense in the next 12 months contemporaneously with the earnings effects of the related forecast transactions. At March 31, 2018 and December 31, 2017, the maximum term of derivative instruments that hedge forecast transactions was two-years and three-years, respectively. See "Note 12. Equity" for additional information about reclassification out of accumulated other comprehensive income.

For cash flow hedges, the amount of ineffectiveness in the hedging relationship and amount of the changes in fair value of the derivatives that are not included in the measurement of ineffectiveness were insignificant for each reporting period.

COUNTERPARTY CREDIT RISK

Fair values of our derivatives can change significantly from period to period based on, among other factors, market movements and changes in our positions. We manage counterparty credit risk (the risk that counterparties will default and not make payments to us according to the terms of our agreements) on an individual counterparty basis.

Segment Information

3 Months Ended

Mar. 31, 2018

Segment Reporting [Abstract]

Segment Information

SEGMENT INFORMATION

Our operating segments are organized based on the nature of markets and customers. We report our operating results through four operating segments as described below.

OILFIELD SERVICES

Oilfield Services provides products and services for onshore and offshore operations across the lifecycle of a well, ranging from drilling, evaluation, completion, production and intervention. Products and services include diamond and tri-cone drill bits, drilling services, including directional drilling technology, measurement while drilling & logging while drilling, downhole completion tools and systems, wellbore intervention tools and services, wireline services, drilling and completions fluids, oilfield and industrial chemicals, pressure pumping, and artificial lift technologies, including electrical submersible pumps.

OILFIELD EQUIPMENT

Oilfield Equipment provides a broad portfolio of products and services required to facilitate the safe and reliable flow of hydrocarbons from the subsea wellhead to the surface. Products and services include pressure control equipment and services, subsea production systems and services, drilling equipment, and flexible pipeline systems. Oilfield Equipment designs and manufactures onshore and offshore drilling and production systems and equipment for floating production platforms and provides a full range of services related to onshore and offshore drilling activities.

TURBOMACHINERY & PROCESS SOLUTIONS

Turbomachinery & Process Solutions provides equipment and related services for mechanical-drive, compression and power-generation applications across the oil and gas industry as well as products and services to serve the downstream segments of the industry including refining, petrochemical, distributed gas, flow and process control and other industrial applications. The Turbomachinery & Process Solutions portfolio includes drivers (aero-derivative gas turbines, heavy-duty gas turbines and synchronous and induction electric motors), compressors (centrifugal and axial, direct drive high speed, integrated, subsea compressors, turbo expanders and reciprocating), turn-key solutions (industrial modules and waste heat recovery), pumps, valves, and compressed natural gas (CNG) and small-scale liquefied natural gas (LNG) solutions used primarily for shale oil and gas field development.

DIGITAL SOLUTIONS

Digital Solutions provides equipment and services for a wide range of industries, including oil & gas, power generation, aerospace, metals, and transportation. The offerings include sensor-based measurement, non-destructive testing and inspection, turbine, generator and plant controls and condition monitoring, as well as pipeline integrity solutions.

SEGMENT RESULTS

Summarized financial information is shown in the following tables. Consistent accounting policies have been applied by all segments within the Company, for all reporting periods. The current period results may not be comparable to prior periods as the current period includes the results of Baker Hughes.



	Three Months Ended March 31,
Segments revenue	2018		2017
Oilfield Services	$	2,678	$	212
Oilfield Equipment	664		716
Turbomachinery & Process Solutions	1,460		1,644
Digital Solutions	598		491
Total	$	5,399	$	3,064

The performance of our operating segments is evaluated based on segment operating income (loss), which is defined as income (loss) before income taxes and equity in loss of affiliate and before the following: net interest expense, net other non operating income (loss), corporate expenses, restructuring, impairment and other charges, inventory impairments, merger and related costs and certain gains and losses not allocated to the operating segments.



	Three Months Ended March 31,
Segment income (loss) before income taxes	2018			2017
Oilfield Services	$	141		$	(57	)
Oilfield Equipment	(6		)	50
Turbomachinery & Process Solutions	119			252
Digital Solutions	73			84
Total segment	327			329
Corporate	(98		)	(120		)
Inventory impairment ⁽¹⁾	(61		)	(15		)
Restructuring, impairment and other	(162		)	(42		)
Merger and related costs	(46		)	(66		)
Other non operating income, net	2			8
Interest expense, net	(46		)	(20		)
Total	$	(85	)	$	74


⁽¹⁾	Charges for inventory impairments are reported in the "Cost of goods sold" caption of the condensed consolidated and combined statements of income (loss).

Related Party Transactions	3 Months Ended
Related Party Transactions	Mar. 31, 2018
Related Party Transactions [Abstract]
Related Party Transactions	RELATED PARTY TRANSACTIONS Following the Transactions, GE and its affiliates have provided and continue to provide a variety of services to us. In connection with the Transactions on July 3, 2017, we entered into various agreements with GE and its affiliates that govern our relationship with GE following the Transactions including an Intercompany Services Agreement pursuant to which GE and its affiliates and the Company provide certain services to each other. GE provides certain administrative services, GE proprietary technology and use of certain GE trademarks in consideration for a payment of $55 million per year. Costs of $14 million related to the Intercompany Services Agreement were incurred during the three months ended March 31, 2018. GE may also provide us with certain additional administrative services under the Intercompany Services Agreement, not included as consideration for the $55 million per year payment, and the fees for such services are based on actual usage of such services and historical GE intercompany pricing. In addition, we provide GE and its affiliates with confidential access to certain of our proprietary technology and related developments and enhancements thereto related to GE's operations, products or service offerings. Prior to the Transactions, GE and its affiliates provided a variety of services and funding to us. The cost of these services was either (a) recognized through our allocated portion of GE's corporate overhead; or (b) billed directly to us. Costs of $38 million for the three months ended March 31, 2017 were recorded in our condensed consolidated and combined statement of income (loss) in respect of services provided by GE and its affiliates prior to the close of the Transactions. We sold $100 million and $149 million of products and services to GE and its affiliates during the three months ended March 31, 2018 and 2017, respectively. Purchases from GE and its affiliates were $403 million and $346 million during the three months ended March 31, 2018 and 2017, respectively. EMPLOYEE BENEFITS Certain of our employees are covered under various GE sponsored employee benefit plans, including GE's retirement plans (pension, retiree health and life insurance, and savings benefit plans) and active health and life insurance benefit plans. Further details are provided in "Note 10. Employee Benefit Plans." RELATED PARTY BALANCES In connection with the Transactions, we were required to repay any cash in excess of $100 million, net of any third-party debt in GE O&G, to GE. We continue to hold this cash on behalf of GE as such cash cannot be released, transferred or otherwise converted into a non-restricted market currency due to the lack of market liquidity, capital controls or similar monetary or exchange limitations by a Government entity of the jurisdiction in which such cash is situated. Accordingly, on July 3, 2017, we executed a promissory note with GE. There is no maturity date on the promissory note, but we remain obligated to repay GE such excess cash together with any income or loss we may incur on it, therefore, this obligation is reflected as short-term borrowings. As of March 31, 2018, of the amount due to GE of $992 million, $836 million was held in the form of cash and $156 million was held in the form of investment securities. A corresponding liability is reported in short-term borrowings in the condensed consolidated and combined statements of financial position. Additionally, the Company has $556 million and $575 million of accounts payable at March 31, 2018 and December 31, 2017, respectively, for services provided by GE in the ordinary course of business. TRADE PAYABLES ACCELERATED PAYMENT PROGRAM Our North American operations participate in accounts payable programs with GE Capital. Invoices are settled with vendors per our payment terms to obtain cash discounts. GE Capital provides funding for the period from the date at which an invoice is eligible for a cash discount through the final termination date for invoice settlement. Our liability associated with the funded participation in the accounts payable programs, which is presented as accounts payable within the condensed consolidated and combined statements of financial position, was $346 million and $293 million as of March 31, 2018 and December 31, 2017, respectively. PARENT'S NET INVESTMENT At March 31, 2017, the remainder of GE's total investment, in excess of our debt from GE, is reflected as equity under the caption "Parent's net investment" in our condensed consolidated and combined statements of changes in equity. At March 31, 2018, GE's equity ownership is reflected in noncontrolling interest in our condensed consolidated and combined statements of equity and financial position. OTHER Prior to the Transactions, GE provided guarantees, letters of credit, and other support arrangements on our behalf. We provide guarantees to GE Capital on behalf of some customers who have entered into financing arrangements with GE Capital. INCOME TAXES At closing, BHGE, GE and BHGE LLC entered into a Tax Matters Agreement. The Tax Matters Agreement governs the administration and allocation between the parties of tax liabilities and benefits arising prior to, as a result of, and subsequent to the Transactions, including certain restructuring transactions in connection therewith, and the respective rights, responsibilities and obligations of GE and BHGE, with respect to various other tax matters. GE is responsible for certain taxes related to the formation of the transaction undertaken by GE and Baker Hughes and their respective subsidiaries. GE has assumed approximately $33 million of tax obligations of Baker Hughes related to the formation of the transaction. Following the closing of the Transactions, BHGE or BHGE LLC (or their respective subsidiaries) may be included in group tax returns with GE. To the extent included in such group tax returns, (i) BHGE or BHGE LLC is required to make tax sharing payments to GE in an amount intended to approximate the amount that such entity would have paid if it had not been included in such group tax returns and had filed separate tax returns, and (ii) GE is required to pay BHGE or BHGE LLC to the extent such separate tax returns include net operating losses that are used to reduce taxes payable by GE with respect to the applicable group tax return. The Tax Matters Agreement also provides for the sharing of certain tax benefits (i) arising from the Transactions, including restructuring transactions, and (ii) resulting from allocations of tax items by BHGE LLC. GE is entitled to 100% of these tax benefits to the extent that GE has borne certain taxes related to the formation of the transaction. Thereafter, these tax benefits will be shared by GE and BHGE in accordance with their economic ownership of BHGE LLC, which will initially be approximately 62.5% and approximately 37.5%, respectively. The sharing of tax benefits generally is expected to result in cash payments by BHGE LLC to its members. Any such cash payments may be subject to adjustment based on certain subsequent events, including tax audits or other determinations as to the availability of the tax benefits with respect to which such cash payments were previously made.

Commitments and Contingencies

3 Months Ended

Mar. 31, 2018

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

COMMITMENTS AND CONTINGENCIES

LITIGATION

We are subject to a number of lawsuits and claims arising out of the conduct of our business. The ability to predict the ultimate outcome of such matters involves judgments, estimates and inherent uncertainties. We record a liability for those contingencies where the incurrence of a loss is probable and the amount can be reasonably estimated, including accruals for self-insured losses which are calculated based on historical claim data, specific loss development factors and other information.

A range of total possible losses for all litigation matters cannot be reasonably estimated. Based on a consideration of all relevant facts and circumstances, we do not expect the ultimate outcome of currently pending lawsuits or claims against us, other than those discussed below, will have a material adverse effect on our financial position, results of operations or cash flows, however, there can be no assurance as to the ultimate outcome of these matters.

With respect to the litigation matters below, if there was an adverse outcome individually or collectively, there could be a material impact on our business, financial condition and results of operations expected for the year. These litigation matters are subject to inherent uncertainties and management's view of these matters may change in the future. Therefore, there can be no assurance as to the ultimate outcome of these matters.

During 2014, we received notification from a customer related to a possible equipment failure in a natural gas storage system in Northern Germany, which includes certain of our products. We are currently investigating the cause of the possible failure and, if necessary, possible repair and replacement options for our products. Similar products were utilized in other natural gas storage systems for this and other customers. The customer initiated arbitral proceedings against us on June 19, 2015, under the rules of the German Institute of Arbitration e.V. (DIS). On August 3, 2016, the customer amended its claims and now alleges damages of approximately $224 million plus interest at an annual rate of prime + 5%. Hearings before the arbitration panel were held January 16, 2017 through January 23, 2017, and March 20, 2017 through March 21, 2017. In addition, on September 21, 2015, TRIUVA Kapitalverwaltungsgesellschaft mbH filed a lawsuit in the United States District Court for the Southern District of Texas, Houston Division against the Company and Baker Hughes Oilfield Operations, Inc. alleging that the plaintiff is the owner of gas storage caverns in Etzel, Germany in which the Company provided certain equipment in connection with the development of the gas storage caverns. The plaintiff further alleges that the Company supplied equipment that was either defectively designed or failed to warn of risks that the equipment posed, and that these alleged defects caused damage to the plaintiff's property. The plaintiff seeks recovery of alleged compensatory and punitive damages of an unspecified amount, in addition to reasonable attorneys' fees, court costs and pre-judgment and post-judgment interest. The allegations in this lawsuit are related to the claims made in the June 19, 2015 German arbitration referenced above. At this time, we are not able to predict the outcome of these claims.

On July 31, 2015, Rapid Completions LLC filed a lawsuit in federal court in the Eastern District of Texas against Baker Hughes Incorporated, Baker Hughes Oilfield Operations, Inc., and others claiming infringement of U.S. Patent Nos. 6,907,936; 7,134,505; 7,543,634; 7,861,774; and 8,657,009. On August 6, 2015, Rapid Completions amended its complaint to allege infringement of U.S. Patent No. 9,074,451. On September 17, 2015, Rapid Completions and Packers Plus Energy Services Inc. sued Baker Hughes Canada Company in the Canada Federal Court on the related Canadian patent 2,412,072. On April 1, 2016, Rapid Completions removed U.S. Patent No. 6,907,936 from its claims in the lawsuit. On April 5, 2016, Rapid Completions filed a second lawsuit in federal court in the Eastern District of Texas against Baker Hughes Incorporated, Baker Hughes Oilfield Operations, Inc. and others claiming infringement of U.S. Patent No. 9,303,501. These patents relate primarily to certain specific downhole completions equipment. The plaintiff has requested a permanent injunction against further alleged infringement, damages in an unspecified amount, supplemental and enhanced damages, and additional relief such as attorney's fees and costs. During August and September 2016, the United States Patent and Trademark Office (USPTO) agreed to institute an inter-partes review of U.S. Patent Nos 7,861,774; 7,134,505; 7,534,634; 6,907,936; 8,657,009; and 9,074,451. On August 29, 2017, the USPTO issued its final written decisions in the inter-partes reviews of U.S. Patent Nos. 8,657,009 and 9,074,451 finding that all claims of those patents were unpatentable. On August 31, 2017, the USPTO issued its final written decision in the inter-partes review of U.S. Patent 6,907,936 - the patent dropped from the lawsuit by the plaintiffs - finding that all claims of this patent were patentable. On October 27, 2017, Rapid Completions filed its notices of appeal of the USPTO’s final written decision in the inter-partes review of U.S. Patent Nos. 8,657,009 and 9,074,451. Trial on the validity of asserted claims from Canada patent 2,412,072, was completed March 9, 2017. On December 7, 2017, the Canadian Court issued its judgment finding the patent claims asserted from Canada patent 2,412,072 against Baker Hughes Canada Company were invalid. On January 5, 2018, Rapid Completions filed its Notice of Appeal of the Canadian Court’s judgment of invalidity. At this time, we are not able to predict the outcome of these claims.

Following consummation of the Transactions, two purported holders of shares of Baker Hughes common stock, representing a total of 1,875,000 shares of common stock of Baker Hughes, filed petitions in the Court of Chancery of the State of Delaware seeking appraisal for their shares pursuant to Section 262 of the Delaware General Corporation Law. The action is captioned as follows: GKC Strategic Value Master Fund, LP F/K/A GKC Appraisal Rights Master Fund, LP and Walleye Trading LLC v. Baker Hughes Incorporated, Case No. 2017-0769. At this time, we are not able to predict the outcome of this action.

On February 17, 2017, GE Infrastructure Sensing, Inc. (now known as GE Infrastructure Sensing, LLC) (GEIS), a subsidiary of the Company, was served with a lawsuit filed in the Eastern District of New York by a company named Saniteq LLC claiming compensatory damages totaling $500 million plus punitive damages of an unspecified amount. The complaint is captioned Saniteq LLC v. GE Infrastructure Sensing, Inc., No. 17-cv-771 (E.D.N.Y 2017). The complaint generally alleges that GEIS breached a contract being negotiated between the parties and misappropriated unspecified trade secrets. At this time, we are not able to predict the outcome of these claims.

In January 2013, INEOS and Naphtachimie initiated expertise proceedings in Aix-en-Provence, France arising out of a fire at a chemical plant owned by INEOS in Lavera, France, which resulted in a 15-day plant shutdown and destruction of a steam turbine, which was part of a compressor train owned by Naphtachimie. The most recent quantification of the alleged damages is €250 million. Two of the Company's subsidiaries (and 17 other companies) were notified to participate in the proceedings. The proceedings are ongoing, and at this time, there is no indication that the Company's subsidiaries were involved in the incident. Although the outcome of the claims remains uncertain, BHGE's insurer has accepted coverage and is defending the Company in the expertise proceeding.

In late November 2017, staff of the Boston office of the SEC notified GE that they are conducting an investigation of GE’s revenue recognition practices and internal controls over financial reporting related to long-term service agreements. The scope of the SEC’s request may include some BHGE contracts, expected to be mainly in our TPS business. We have provided documents to GE and are cooperating with them in their response to the SEC. At this time, we are not able to predict the outcome of this review.

The Company is reporting the following matter in compliance with SEC requirements to disclose environmental proceedings where the government is a party potentially involving monetary sanctions of $100,000 or greater. As previously reported, in January 2018, Kern County California issued an administrative order with a proposed penalty of $130,000 for alleged violations of process safety management regulations at a manufacturing facility in Taft, California that is indirectly owned by Baker Hughes, a GE company. The matter was resolved in March 2018 with a final penalty amount of $80,000.

We insure against risks arising from our business to the extent deemed prudent by our management and to the extent insurance is available, but no assurance can be given that the nature and amount of that insurance will be sufficient to fully indemnify us against liabilities arising out of pending or future legal proceedings or other claims. Most of our insurance policies contain deductibles or self-insured retentions in amounts we deem prudent and for which we are responsible for payment. In determining the amount of self-insurance, it is our policy to self-insure those losses that are predictable, measurable and recurring in nature, such as claims for automobile liability, general liability and workers compensation.

PRODUCT WARRANTIES

We provide for estimated product warranty expenses when we sell the related products. Because warranty estimates are forecasts that are based on the best available information, primarily historical claims experience, claims costs may differ from amounts provided. An analysis of changes in the liability for product warranties are as follows:



Balance at December 31, 2017, and 2016, respectively	$	164		$	74
Provisions	10			6
Expenditures	(7		)	(12		)
Other	2			—
Balance at March 31, 2018, and 2017, respectively	$	169		$	68

OTHER

In the normal course of business with customers, vendors and others, we have entered into off-balance sheet arrangements, such as surety bonds for performance, letters of credit and other bank issued guarantees, which totaled approximately $3.7 billion at March 31, 2018. It is not practicable to estimate the fair value of these financial instruments. None of the off-balance sheet arrangements either has, or is likely to have, a material effect on our financial position, results of operations or cash flows.

Restructuring, Impairment and Other

3 Months Ended

Mar. 31, 2018

Restructuring and Related Activities [Abstract]

Restructuring, Impairment and Other

RESTRUCTURING, IMPAIRMENT AND OTHER

We recorded restructuring, impairment and other charges of $162 million and $42 million during the three months ended March 31, 2018 and 2017, respectively. Details of these charges are discussed below.

RESTRUCTURING AND IMPAIRMENT CHARGES

In the current and prior periods, we approved various restructuring plans globally, mainly to consolidate manufacturing and service facilities, rationalize product lines and rooftops, and reduce headcount across various functions. As a result, we recognized a charge of $125 million and $35 million for the three months ended March 31, 2018 and 2017, respectively. These restructuring initiatives will generate charges post March 31, 2018, and the related estimated remaining charges are approximately $173 million.

The amount of costs not included in the reported segment results is as follows:



	Three Months Ended March 31,
	2018		2017
Oilfield Services	$	59	$	12
Oilfield Equipment	12		1
Turbomachinery & Process Solutions	28		10
Digital Solutions	9		10
Corporate	17		2
Total	$	125	$	35

These costs were primarily related to product line terminations, plant closures and related expenses such as property, plant and equipment impairments, contract terminations and costs of assets' and employees' relocation, employee-related termination benefits, and other incremental costs that were a direct result of the restructuring plans.



	Three Months Ended March 31,
	2018		2017
Property, plant & equipment, net	$	19	$	10
Employee-related termination expenses	83		15
Asset relocation costs	5		3
Environmental remediation costs	3		3
Contract termination fees	7		1
Other incremental costs	8		3
Total	$	125	$	35

OTHER CHARGES

Other charges included in "Restructuring, impairment and other" of the condensed consolidated and combined statements of income (loss) were $37 million and $7 million in the three months ended March 31, 2018 and 2017, respectively. During the three months ended March 31, 2018, other charges comprised of accelerated amortization related to trade names and technology that we will cease to use by the end of the second quarter of 2018 as a result of the combination of Baker Hughes and GE O&G. This decision is expected to generate an additional charge of $34 million in the second quarter of 2018. During the three months ended March 31, 2017, other charges include currency devaluation charges of $6 million largely driven by significant currency devaluations in Angola and Nigeria.

Basis of Presentation and Summary of Significant Accounting Policies (Policies)

3 Months Ended

Mar. 31, 2018

Accounting Policies [Abstract]

Basis of Presentation

BASIS OF PRESENTATION

Cash And Equivalents

Cash, Cash Equivalents and Restricted Cash

Revenue

Revenue from Sale of Equipment

Performance Obligations Satisfied Over Time

Performance Obligations Satisfied at a Point In Time

Our billing terms for these point in time equipment contracts vary, but are generally based on shipment of the goods to the customer.

Revenue from Sale of Services

Performance Obligations Satisfied Over Time

Performance Obligations Satisfied at a Point In Time

Impact of Adoption

New Accounting Standards Adopted and To Be Adopted

NEW ACCOUNTING STANDARDS ADOPTED

Revenue from Sale of Equipment

Performance Obligations Satisfied Over Time

Performance Obligations Satisfied at a Point In Time

Our billing terms for these point in time equipment contracts vary, but are generally based on shipment of the goods to the customer.

Revenue from Sale of Services

Performance Obligations Satisfied Over Time

Performance Obligations Satisfied at a Point In Time

Impact of Adoption

The change in historical periods to our statements of income (loss) related to the adoption of the standard is summarized below (in millions, except per share amounts):



	Three Months Ended												Year Ended
	December 31, 2017			September 30, 2017			June 30, 2017			March 31, 2017			December 31, 2017			December 31, 2016
Revenue:
Sales of goods	$	86		$	13		$	37		$	27		$	163		$	(26	)
Sales of services	(50		)	(86		)	(33		)	(74		)	(243		)	(161		)
Total revenue	36			(73		)	4			(47		)	(80		)	(187		)

Operating loss	(14		)	(64		)	(6		)	(91		)	(175		)	(226		)

Net income (loss)	1			(84		)	(10		)	(57		)	(150		)	(149		)
Net income (loss) attributable to BHGE	1			(31		)	—			—			(30		)	—

Per share amounts:
Basic and diluted loss per Class A common stock	—			(0.07		)							(0.07		)

The increase (decrease) to our statement of financial position related to the adoption of the standard is summarized below:



	December 31, 2017
ASSETS
Current receivables, net	$	1
Inventories, net	(83		)
Contract and other deferred assets	(701		)
Deferred income taxes	233

LIABILITIES AND EQUITY
Progress collections and deferred income	$	394
All other current liabilities	(64		)
Deferred income taxes	(34		)
All other liabilities	(83		)
Baker Hughes, a GE company equity	(432		)
Noncontrolling interests	(331		)

The cumulative impact to our retained earnings (included in our net parent investment) as of January 1, 2016 was a reduction of $432 million.

The change in historical periods to our statements of income (loss) related to the adoption of ASU No. 2017-07 is summarized below:



	Three Months Ended						Year Ended
	March 31, 2018			March 31, 2017			December 31, 2017			December 31, 2016
Operating income (loss)	$	(5	)	$	2		$	(1	)	$	24
Non operating income (loss)	5			(2		)	1			(24		)

NEW ACCOUNTING STANDARDS TO BE ADOPTED

Basis of Presentation and Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2018

Accounting Policies [Abstract]

Schedule of new accounting pronouncements

The change in historical periods to our statements of income (loss) related to the adoption of the standard is summarized below (in millions, except per share amounts):



	Three Months Ended												Year Ended
	December 31, 2017			September 30, 2017			June 30, 2017			March 31, 2017			December 31, 2017			December 31, 2016
Revenue:
Sales of goods	$	86		$	13		$	37		$	27		$	163		$	(26	)
Sales of services	(50		)	(86		)	(33		)	(74		)	(243		)	(161		)
Total revenue	36			(73		)	4			(47		)	(80		)	(187		)

Operating loss	(14		)	(64		)	(6		)	(91		)	(175		)	(226		)

Net income (loss)	1			(84		)	(10		)	(57		)	(150		)	(149		)
Net income (loss) attributable to BHGE	1			(31		)	—			—			(30		)	—

Per share amounts:
Basic and diluted loss per Class A common stock	—			(0.07		)							(0.07		)

The increase (decrease) to our statement of financial position related to the adoption of the standard is summarized below:



	December 31, 2017
ASSETS
Current receivables, net	$	1
Inventories, net	(83		)
Contract and other deferred assets	(701		)
Deferred income taxes	233

LIABILITIES AND EQUITY
Progress collections and deferred income	$	394
All other current liabilities	(64		)
Deferred income taxes	(34		)
All other liabilities	(83		)
Baker Hughes, a GE company equity	(432		)
Noncontrolling interests	(331		)

The change in historical periods to our statements of income (loss) related to the adoption of ASU No. 2017-07 is summarized below:



	Three Months Ended						Year Ended
	March 31, 2018			March 31, 2017			December 31, 2017			December 31, 2016
Operating income (loss)	$	(5	)	$	2		$	(1	)	$	24
Non operating income (loss)	5			(2		)	1			(24		)

Revenue Related to Contracts With Customers (Tables)

3 Months Ended

Mar. 31, 2018

Revenue from Contract with Customer [Abstract]

Disaggregated revenue from contracts with customers by primary geographical markets

We disaggregate our revenue from contracts with customers by primary geographic markets.



	Three Months Ended March 31,
Total Revenue	2018		2017
U.S.	$	1,483	$	721
Non-U.S.	3,916		2,343
Total	$	5,399	$	3,064

Business Acquisition (Tables)

3 Months Ended

Mar. 31, 2018

Business Combinations [Abstract]

Preliminary identifiable assets acquired and liabilities assumed



Preliminary identifiable assets acquired and liabilities assumed	Estimated fair value at July 3, 2017
Assets
Cash and equivalents	$	4,133
Current receivables	2,342
Inventories	1,706
Property, plant and equipment	4,571
Intangible assets ⁽¹⁾	4,078
All other assets	1,596
Liabilities
Accounts payable	(1,209		)
Borrowings	(3,370		)
Deferred income taxes ⁽²⁾	(326		)
Liabilities for pension and other postretirement benefits	(654		)
All other liabilities	(1,424		)
Total identifiable net assets	$	11,443
Noncontrolling interest associated with net assets acquired	(76		)
Goodwill ⁽³⁾	13,431
Total purchase consideration	$	24,798

⁽¹⁾



	Estimated Fair Value		Estimated Weighted Average Life (Years)
Trade name - Baker Hughes	$	2,100	Indefinite life
Customer relationships	1,320		15
Patents and technology	465		10
In-process research and development	70		Indefinite life
Capitalized software	62		3-7
Trade names - other	40		10
Favorable lease contracts & others	21		10
Total	$	4,078


⁽²⁾	Includes approximately $563 million of net deferred tax liabilities related to the estimated fair value of intangible assets included in the preliminary purchase consideration and approximately $237 million of other net deferred tax assets, including non-U.S. loss carryforwards net of valuation allowances and offsetting liabilities for unrecognized benefits.

⁽³⁾

Pro forma information



	Three Months Ended March 31, 2017
Revenue	$	5,324
Net loss	(6		)
Net income attributable to the Company	6
Basic earnings per Class A common stock	0.01
Diluted earnings per Class A common stock ⁽¹⁾	0.01


⁽¹⁾	The calculation of diluted loss per Class A common stock excludes shares potentially issuable under stock-based incentive compensation plans and the exchange of Class B common stock with Class A common stock under the Exchange Agreement, as their effect, if included, would be anti-dilutive.

Current Receivables (Tables)

3 Months Ended

Mar. 31, 2018

Receivables [Abstract]

Current receivables

Current receivables are comprised of the following:



	March 31, 2018			December 31, 2017
Customer receivables	$	4,732		$	4,700
Related parties	691			801
Other	788			844
Total current receivables	6,211			6,345
Less: Allowance for doubtful accounts	(346		)	(330		)
Total current receivables, net	$	5,865		$	6,015

Inventories (Tables)

3 Months Ended

Mar. 31, 2018

Inventory, Net [Abstract]

Inventories, net of reserves

Inventories, net of reserves of $372 million and $360 million as of March 31, 2018 and December 31, 2017, respectively, are comprised of the following:



	March 31, 2018		December 31, 2017
Finished goods	$	2,527	$	2,577
Work in process and raw material	2,169		1,930
Total inventories, net	$	4,696	$	4,507

Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of goodwill

The changes in the carrying value of goodwill are detailed below by segment:



	Oilfield Services			Oilfield Equipment			Turbo-machinery & Process Solutions		Digital Solutions			Total
Balance at December 31, 2016, gross	$	2,779		$	3,852		$	1,814	$	1,989		$	10,434
Accumulated impairment at December 31, 2016	(2,633		)	(867		)	—		(254		)	(3,754		)
Balance at December 31, 2016	146			2,985			1,814		1,735			6,680
Acquisition ⁽¹⁾	13,052			—			—		—			13,052
Currency exchange and others	7			49			92		47			195
Balance at December 31, 2017	13,205			3,034			1,906		1,782			19,927
Purchase accounting adjustments⁽¹⁾	379			—			—		—			379
Currency exchange and others	28			33			41		27			129
Balance at March 31, 2018	$	13,612		$	3,067		$	1,947	$	1,809		$	20,435


⁽¹⁾	Includes goodwill associated with the acquisition of Baker Hughes. This amount and its allocations to segments are preliminary.

Schedule of finite-lived intangible assets

Intangible assets are comprised of the following:



	March 31, 2018							December 31, 2017
	Gross Carrying Amount		Accumulated Amortization			Net		Gross Carrying Amount		Accumulated Amortization			Net
Technology	$	1,118	$	(479	)	$	639	$	1,177	$	(440	)	$	737
Customer relationships	3,279		(877		)	2,402		3,202		(819		)	2,383
Capitalized software	1,138		(753		)	385		1,130		(697		)	433
Trade names and trademarks	726		(192		)	534		757		(159		)	598
Other	14		(1		)	14		10		—			10
Finite-lived intangible assets	6,275		(2,302		)	3,974		6,276		(2,115		)	4,161
Indefinite-lived intangible assets ⁽¹⁾	2,229		—			2,229		2,197		—			2,197
Total intangible assets	$	8,504	$	(2,302	)	$	6,203	$	8,473	$	(2,115	)	$	6,358


⁽¹⁾	Indefinite-lived intangible assets are principally comprised of the Baker Hughes trade name.

Schedule of indefinite-lived intangible assets

Intangible assets are comprised of the following:



	March 31, 2018							December 31, 2017
	Gross Carrying Amount		Accumulated Amortization			Net		Gross Carrying Amount		Accumulated Amortization			Net
Technology	$	1,118	$	(479	)	$	639	$	1,177	$	(440	)	$	737
Customer relationships	3,279		(877		)	2,402		3,202		(819		)	2,383
Capitalized software	1,138		(753		)	385		1,130		(697		)	433
Trade names and trademarks	726		(192		)	534		757		(159		)	598
Other	14		(1		)	14		10		—			10
Finite-lived intangible assets	6,275		(2,302		)	3,974		6,276		(2,115		)	4,161
Indefinite-lived intangible assets ⁽¹⁾	2,229		—			2,229		2,197		—			2,197
Total intangible assets	$	8,504	$	(2,302	)	$	6,203	$	8,473	$	(2,115	)	$	6,358


⁽¹⁾	Indefinite-lived intangible assets are principally comprised of the Baker Hughes trade name.

Schedule of finite-lived intangible assets, future amortization expense

Estimated amortization expense for the remainder of 2018 and each of the subsequent five fiscal years is expected to be as follows:



Year	Estimated Amortization Expense
Remainder of 2018	$	338
2019	375
2020	348
2021	300
2022	266
2023	247

Contract and Other Deferred Assets (Tables)

3 Months Ended

Mar. 31, 2018

Deferred Revenue Disclosure [Abstract]

Contract assets

Contract assets are comprised of the following:



	March 31, 2018		December 31, 2017
Long-term product service agreements	$	615	$	589
Long-term equipment contract revenue ⁽¹⁾	1,108		1,095
Contract assets (total revenue in excess of billings) ⁽²⁾	1,723		1,684
Deferred inventory costs ⁽³⁾	208		360
Contract and other deferred assets	$	1,931	$	2,044


⁽¹⁾	Reflects revenue earned in excess of billings on our long-term contracts to construct technically complex equipment.


⁽²⁾	Contract assets (total revenue in excess of billings) were $1,233 million as of January 1, 2017.


⁽³⁾	Deferred inventory costs were $276 million as of January 1, 2017, which represents cost deferral for shipped goods and other costs where the criteria for revenue recognition has not yet been met.

Progress Collections and Deferred Income (Tables)

3 Months Ended

Mar. 31, 2018

Revenue Recognition and Deferred Revenue [Abstract]

Contract liabilities

Contract liabilities are comprised of the following:



	March 31, 2018		December 31, 2017
Progress collections	$	1,474	$	1,456
Deferred income	202		319
Progress collections and deferred income (contract liabilities) ⁽¹⁾	$	1,676	$	1,775


⁽¹⁾	Progress collections and deferred income (contract liabilities) was $2,038 million at January 1, 2017.

Borrowings (Tables)

3 Months Ended

Mar. 31, 2018

Debt Disclosure [Abstract]

Short-term and long-term borrowings

Short-term and long-term borrowings are comprised of the following:



	March 31, 2018		December 31, 2017
Short-term borrowings
Short-term bank borrowings	$	124	$	171
Current portion of long-term borrowings	—		639
Short-term borrowings from GE	992		1,124
Other borrowings	60		103
Total short-term borrowings	$	1,176	$	2,037

Long-term borrowings
3.2% Senior Notes due August 2021	$	525	$	526
2.773% Senior Notes due December 2022	1,245		1,244
8.55% Debentures due June 2024	134		135
3.337% Senior Notes due December 2027	1,343		1,342
6.875% Notes due January 2029	303		308
5.125% Notes due September 2040	1,310		1,311
4.08% Senior Notes due December 2047	1,337		1,337
Capital leases	79		87
Other long-term borrowings	20		22
Total long-term borrowings	6,296		6,312
Total borrowings	$	7,472	$	8,349

Employee Benefit Plans (Tables)

3 Months Ended

Mar. 31, 2018

Retirement Benefits [Abstract]

Schedule of net periodic cost (benefit)

The components of net periodic cost (benefit) of plans sponsored by us are as follows for the three months ended March 31:



	Pension Benefits
	2018			2017
Service cost	$	5		$	3
Interest cost	18			7
Expected return on plan assets	(30		)	(10		)
Amortization of prior service credit	—			—
Amortization of net actuarial (gain) loss	2			3
Net periodic cost (benefit)	$	(5	)	$	3

Equity (Tables)

3 Months Ended

Mar. 31, 2018

Equity [Abstract]

Schedule of changes in number of shares outstanding

The following table presents the changes in number of shares outstanding (in thousands):



	Class A Common Stock		Class B Common Stock
Balance at December 31, 2017	422,208		706,985
Issue of shares upon vesting of restricted stock units ⁽¹⁾	316		—
Issue of shares on exercises of stock options⁽¹⁾	66		—
Stock repurchase program ^{(2) (3)}	(6,290	)	(10,524	)
Balance at March 31, 2018	416,300		696,460


⁽¹⁾	Share amounts reflected above are net of shares withheld to satisfy the employee's tax withholding obligation.

⁽²⁾


⁽³⁾	During the three months ended March 31, 2018, we repurchased and canceled 6,290,420 shares of Class A common stock for a total of $187 million. We also repurchased and canceled 10,523,873 shares of Class B common stock from GE together with the paired common units of BHGE LLC for $313 million.

Schedule of accumulated other comprehensive loss

The following tables present the changes in accumulated other comprehensive loss, net of tax:



	Investment Securities		Foreign Currency Translation Adjustments			Cash Flow Hedges			Benefit Plans			Accumulated Other Comprehensive Loss
Balance at December 31, 2017	$	1	$	(682	)	$	1		$	(23	)	$	(703	)
Other comprehensive income (loss) before reclassifications	—		312			8			(3		)	317
Amounts reclassified from accumulated other comprehensive income (loss)	—		—			—			—			—
Deferred taxes	—		—			(1		)	—			(1		)
Other comprehensive income (loss)	—		312			7			(3		)	316
Less: Other comprehensive income (loss) attributable to noncontrolling interests	—		196			4			(2		)	198
Balance at March 31, 2018	$	1	$	(566	)	$	4		$	(24	)	$	(585	)



	Investment Securities			Foreign Currency Translation Adjustments			Cash Flow Hedges			Benefit Plans			Accumulated Other Comprehensive Loss
Balance at December 31, 2016	$	—		$	(1,795	)	$	(10	)	$	(83	)	$	(1,888	)
Other comprehensive income (loss) before reclassifications	39			49			(2		)	(2		)	84
Amounts reclassified from accumulated other comprehensive income (loss)	1			—			7			(2		)	6
Deferred taxes	(14		)	(3		)	(1		)	3			(15		)
Other comprehensive income (loss)	26			46			4			(1		)	75
Less: Other comprehensive income attributable to noncontrolling interests	—			—			—			2			2
Balance at March 31, 2017	$	26		$	(1,749	)	$	(6	)	$	(86	)	$	(1,815	)

Schedule of noncontrolling interest

As of March 31, 2018, GE owned approximately 62.5% of BHGE LLC and this represents the majority of the noncontrolling interest balance reported within equity.



	March 31, 2018		December 31, 2017
GE's interest in BHGE LLC	$	23,704	$	23,993
Other noncontrolling interests	139		140
Total noncontrolling interests	$	23,843	$	24,133

- Definition

Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.

+ References

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+ Details

Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2018

Earnings Per Share [Abstract]

Basic and diluted net income (loss) per share

Basic and diluted net income (loss) per share of Class A common stock is presented below:



	Three Months Ended March 31,
(In millions, except per share amounts)	2018			2017
Net income (loss)	$	(19	)	$	66
Less: Net income attributable to GE O&G pre-merger	—			68
Less: Net loss attributable to noncontrolling interests	(89		)	(2		)
Net income attributable to BHGE	$	70		$	—

Weighted average shares outstanding:
Class A basic	421
Class A diluted	422
Net income per share attributable to common stockholders:
Class A basic	$	0.17
Class A diluted	0.17

Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Assets and liabilities measured at fair value on a recurring basis

Our assets and liabilities measured at fair value on a recurring basis consists of derivative instruments and investment securities.



	March 31, 2018										December 31, 2017
	Level 1		Level 2			Level 3		Net Balance			Level 1		Level 2			Level 3		Net Balance
Assets
Derivatives	$	—	$	205		$	—	$	205		$	—	$	150		$	—	$	150
Investment securities	75		—			326		401			81		8			304		393
Total assets	75		205			326		606			81		158			304		543

Liabilities
Derivatives	—		(129		)	—		(129		)	—		(95		)	—		(95		)
Total liabilities	$	—	$	(129	)	$	—	$	(129	)	$	—	$	(95	)	$	—	$	(95	)

Reconciliation of recurring Level 3 fair value measurements

The following table provides a reconciliation of recurring Level 3 fair value measurements for investment securities:



Balance at December 31, 2017	$	304
Purchases	34
Proceeds at maturity	(12		)
Balance at March 31, 2018	$	326

Schedule of investment securities classified as available for sale



	March 31, 2018								December 31, 2017
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
Investment securities
Non-U.S. debt securities	$	325	$	1	$	—	$	326	$	310	$	2	$	—	$	312
Equity securities	75		—		—		75		81		—		—		81
Total	$	400	$	1	$	—	$	401	$	391	$	2	$	—	$	393

Schedule of derivatives

The table below summarizes the fair value of all derivatives, including hedging instruments and embedded derivatives.



	March 31, 2018					December 31, 2017
	Assets		(Liabilities)			Assets		(Liabilities)
Derivatives accounted for as hedges
Currency exchange contracts	$	10	$	—		$	6	$	—

Derivatives not accounted for as hedges
Currency exchange contracts	195		(129		)	144		(95		)
Total derivatives	$	205	$	(129	)	$	150	$	(95	)

Carrying amount related to derivatives

The table below provides additional information about how derivatives are reflected in our condensed consolidated and combined financial statements.



Carrying amount related to derivatives	March 31, 2018			December 31, 2017
Derivative assets	$	205		$	150
Derivative liabilities	(129		)	(95		)
Net derivatives	$	76		$	55

Carrying amount related to derivatives

The table below provides additional information about how derivatives are reflected in our condensed consolidated and combined financial statements.



Carrying amount related to derivatives	March 31, 2018			December 31, 2017
Derivative assets	$	205		$	150
Derivative liabilities	(129		)	(95		)
Net derivatives	$	76		$	55

Effect of derivatives on earnings

The table below summarizes these offsets and the net effect on pre-tax earnings.



	Three Months Ended March 31,
	2018						2017
	Cash Flow Hedges			Economic Hedges			Cash Flow Hedges			Economic Hedges
Effect on hedging instrument	$	(8	)	$	17		$	2		$	(8	)
Effect on underlying	8			(15		)	(2		)	9
Effect on earnings ⁽¹⁾	—			2			—			1

Schedule of hedging instrument, currency exchange contract

The table below summarizes this activity by hedging instrument.



	Three Months Ended March 31,
	2018		2017			2018		2017
	Gain (loss) recognized in AOCI					Gain (loss) reclassified from AOCI to earnings
Currency exchange contracts	$	8	$	(2	)	$	—	$	(7	)

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

+ References + Details

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=84234895&loc=d3e41641-113959

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624163-113959

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=84234895&loc=d3e41678-113959

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=84234895&loc=d3e41638-113959

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1B
-URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5580258-113959

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5579245-113959

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624171-113959

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5579240-113959

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=84234895&loc=d3e41620-113959

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(n)(2))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ Details

Segment Information (Tables)

3 Months Ended

Mar. 31, 2018

Segment Reporting [Abstract]

Summarized financial information



	Three Months Ended March 31,
Segments revenue	2018		2017
Oilfield Services	$	2,678	$	212
Oilfield Equipment	664		716
Turbomachinery & Process Solutions	1,460		1,644
Digital Solutions	598		491
Total	$	5,399	$	3,064



	Three Months Ended March 31,
Segment income (loss) before income taxes	2018			2017
Oilfield Services	$	141		$	(57	)
Oilfield Equipment	(6		)	50
Turbomachinery & Process Solutions	119			252
Digital Solutions	73			84
Total segment	327			329
Corporate	(98		)	(120		)
Inventory impairment ⁽¹⁾	(61		)	(15		)
Restructuring, impairment and other	(162		)	(42		)
Merger and related costs	(46		)	(66		)
Other non operating income, net	2			8
Interest expense, net	(46		)	(20		)
Total	$	(85	)	$	74


⁽¹⁾	Charges for inventory impairments are reported in the "Cost of goods sold" caption of the condensed consolidated and combined statements of income (loss).

Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2018

Commitments and Contingencies Disclosure [Abstract]

Schedule of Product Warranties

An analysis of changes in the liability for product warranties are as follows:



Balance at December 31, 2017, and 2016, respectively	$	164		$	74
Provisions	10			6
Expenditures	(7		)	(12		)
Other	2			—
Balance at March 31, 2018, and 2017, respectively	$	169		$	68

Restructuring, Impairment and Other (Tables)

3 Months Ended

Mar. 31, 2018

Restructuring and Related Activities [Abstract]

Impairment and Restructuring Charges

The amount of costs not included in the reported segment results is as follows:



	Three Months Ended March 31,
	2018		2017
Oilfield Services	$	59	$	12
Oilfield Equipment	12		1
Turbomachinery & Process Solutions	28		10
Digital Solutions	9		10
Corporate	17		2
Total	$	125	$	35



	Three Months Ended March 31,
	2018		2017
Property, plant & equipment, net	$	19	$	10
Employee-related termination expenses	83		15
Asset relocation costs	5		3
Environmental remediation costs	3		3
Contract termination fees	7		1
Other incremental costs	8		3
Total	$	125	$	35

Basis of Presentation and Summary of Significant Accounting Policies (Details)
Employee in Thousands, $ in Millions

3 Months Ended

Mar. 31, 2018

USD ($)

Employee

country

Dec. 31, 2017

USD ($)

Jul. 03, 2017

Mar. 31, 2017

USD ($)

Dec. 31, 2016

USD ($)

Business Acquisition [Line Items]

Countries in which our business is conducted | country

120

Number of our employees | Employee

Restricted cash and cash equivalents held in bank accounts

$ 1,124

$ 1,190

Cash and cash equivalents

5,631

7,030

$ 1,027

$ 981

Effect of adoption of ASU 2016-16 on taxes (1)

^[1]

GE Transaction Agreement | Baker Hughes Incorporated

Business Acquisition [Line Items]

Approximate interest to be acquired

37.50%

Business Acquisition [Line Items]

Cash held on behalf of GE

992

1,124

Cash and cash equivalents

836

997

Business Acquisition [Line Items]

Cash held on behalf of GE

655

764

Restricted cash

$ 7

Noncontrolling Interest [Member]

Business Acquisition [Line Items]

Effect of adoption of ASU 2016-16 on taxes (1)

^[1]

$ 42

Minimum

Business Acquisition [Line Items]

Performance obligations expected to be satisfied, expected timing

10 years

Maximum

Business Acquisition [Line Items]

Performance obligations expected to be satisfied, expected timing

20 years

[1]	See "Note 1. Basis of Presentation and Summary of Significant Accounting Policies" for further details.

Basis of Presentation and Summary of Significant Accounting Policies - Revenue recognition standard, statements of income (loss) (Details) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended					12 Months Ended
	Jan. 01, 2016	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2016
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Sales of goods		$ 3,160				$ 2,239
Sales of services		2,239				825
Revenue, Net		5,399				3,064
Operating income (loss)		(41)				86
Net income (loss)		(19)				66
Net income attributable to Baker Hughes, a GE company		$ 70				$ 0
Earnings per share, basic (in dollars per share)		$ 0.17
Earnings per share, diluted (in dollars per share)		$ 0.17
Cumulative effect on retained earnings	$ (432)
ASU 2014-09 \| Difference between revenue guidance in effect before and after Topic 606
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Sales of goods			$ 86	$ 13	$ 37	$ 27	$ 163	$ (26)
Sales of services			(50)	(86)	(33)	(74)	(243)	(161)
Revenue, Net			36	(73)	4	(47)	(80)	(187)
Operating income (loss)			(14)	(64)	(6)	(91)	(175)	(226)
Net income (loss)			1	(84)	(10)	(57)	(150)	(149)
Net income attributable to Baker Hughes, a GE company			$ 1	$ (31)	$ 0	$ 0	$ (30)	$ 0
Earnings per share, basic (in dollars per share)			$ 0.00	$ (0.07)			$ (0.07)
Earnings per share, diluted (in dollars per share)			$ 0.00	$ (0.07)			$ (0.07)

Basis of Presentation and Summary of Significant Accounting Policies - Revenue recognition standard, statements of financial position (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017	Jan. 01, 2017
ASSETS
Current receivables, net	$ 5,865	$ 6,015
Inventories, net	4,696	4,507
Contract and other deferred assets	1,931	2,044
Deferred income taxes	1,287	715
LIABILITIES AND EQUITY
Progress collections and deferred income	1,676	1,775	$ 2,038
All other current liabilities	2,034	2,038
Deferred income taxes	424	490
All other liabilities	909	889
Baker Hughes, a GE company equity	14,252	14,277
Noncontrolling interests	$ 23,843	24,133
ASU 2014-09 \| Difference between revenue guidance in effect before and after Topic 606
ASSETS
Current receivables, net		1
Inventories, net		(83)
Contract and other deferred assets		(701)
Deferred income taxes		233
LIABILITIES AND EQUITY
Progress collections and deferred income		394
All other current liabilities		(64)
Deferred income taxes		(34)
All other liabilities		(83)
Baker Hughes, a GE company equity		(432)
Noncontrolling interests		$ (331)

Basis of Presentation and Summary of Significant Accounting Policies - New accounting policy (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2016
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating income (loss)	$ (41)	$ 86
Other non operating income, net	2	8
ASU 2017-07
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating income (loss)	(5)	2	$ (1)	$ 24
Other non operating income, net	$ 5	$ (2)	$ 1	$ (24)

Revenue Related to Contracts With Customers - Disaggregated revenue (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Disaggregation of Revenue [Line Items]
Revenues	$ 5,399	$ 3,064
Performance obligations expected to be satisfied	21,300
U.S.
Disaggregation of Revenue [Line Items]
Revenues	1,483	721
Non-U.S.
Disaggregation of Revenue [Line Items]
Revenues	$ 3,916	$ 2,343

Revenue Related to Contracts With Customers (Details)	3 Months Ended
Revenue Related to Contracts With Customers (Details)	Mar. 31, 2018
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2018-04-01
Disaggregation of Revenue [Line Items]
Performance obligations expected to be satisfied, percentage	45.00%
Performance obligations expected to be satisfied, expected timing	2 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-04-01
Disaggregation of Revenue [Line Items]
Performance obligations expected to be satisfied, percentage	60.00%
Performance obligations expected to be satisfied, expected timing	5 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-04-01
Disaggregation of Revenue [Line Items]
Performance obligations expected to be satisfied, percentage	90.00%
Performance obligations expected to be satisfied, expected timing	15 years

Business Acquisition (Details) - USD ($) $ in Millions		3 Months Ended
Business Acquisition (Details) - USD ($) $ in Millions	Jul. 03, 2017	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Business Acquisition [Line Items]
Acquisition remeasurement, depreciation and amortization expense		$ 27
Transaction related costs		46	$ 66
GE Transaction Agreement
Business Acquisition [Line Items]
Consideration transferred	$ 24,798
Acquisition remeasurement, goodwill		379
Acquisition remeasurement, PPE		288
Acquisition remeasurement, intangible assets		(45)
Acquisition remeasurement, foreign tax credit carryforwards		$ 343
GE Transaction Agreement \| Common Class A
Business Acquisition [Line Items]
Approximate interest to be acquired		100.00%
GE Transaction Agreement \| General Electric Company
Business Acquisition [Line Items]
Approximate interest to be acquired	62.50%	62.50%
GE Transaction Agreement \| Baker Hughes Incorporated
Business Acquisition [Line Items]
Approximate interest to be acquired	37.50%
GE Transaction Agreement \| Baker Hughes Incorporated \| Common Class A
Business Acquisition [Line Items]
Approximate interest to be acquired		37.50%		37.50%

Business Acquisition - Preliminary identifiable assets acquired and liabilities assumed (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017	Jul. 03, 2017	Dec. 31, 2016
Liabilities
Goodwill (3)	$ 20,435	$ 19,927		$ 6,680
GE Transaction Agreement
Assets
Cash and equivalents			$ 4,133
Current receivables			2,342
Inventories			1,706
Property, plant and equipment			4,571
Intangible assets (1)			4,078
All other assets			1,596
Liabilities
Accounts payable			(1,209)
Borrowings			(3,370)
Deferred income taxes (2)			(326)
Liabilities for pension and other postretirement benefits			(654)
All other liabilities			(1,424)
Total identifiable net assets			11,443
Noncontrolling interest associated with net assets acquired			(76)
Goodwill (3)			13,431
Total purchase consideration			24,798
Deferred tax assets			563
Deferred tax asset, loss carryforward			237
Tax deductible goodwill			$ 67

Business Acquisition - Estimated fair value and average life (Details) - USD ($) $ in Millions		3 Months Ended
	Jul. 03, 2017	Mar. 31, 2018	Dec. 31, 2017
Business Acquisition [Line Items]
Other intangible assets, net		$ 6,203	$ 6,358
Minimum
Business Acquisition [Line Items]
Estimated useful lives		1 year
Maximum
Business Acquisition [Line Items]
Estimated useful lives		30 years
GE Transaction Agreement
Business Acquisition [Line Items]
Other intangible assets, net	$ 4,078
Customer relationships \| GE Transaction Agreement
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired	$ 1,320
Estimated useful lives	15 years
Patents and technology \| GE Transaction Agreement
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired	$ 465
Estimated useful lives	10 years
Capitalized software \| GE Transaction Agreement
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired	$ 62
Capitalized software \| GE Transaction Agreement \| Minimum
Business Acquisition [Line Items]
Estimated useful lives	3 years
Capitalized software \| GE Transaction Agreement \| Maximum
Business Acquisition [Line Items]
Estimated useful lives	7 years
Trade names - other \| GE Transaction Agreement
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired	$ 40
Estimated useful lives	10 years
Favorable lease contracts & others \| GE Transaction Agreement
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired	$ 21
Estimated useful lives	10 years
Trade names and trademarks \| GE Transaction Agreement
Business Acquisition [Line Items]
Indefinite-lived Intangible Assets Acquired	$ 2,100
In-process research and development \| GE Transaction Agreement
Business Acquisition [Line Items]
Indefinite-lived Intangible Assets Acquired	$ 70

Business Acquisition - Pro forma (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2018	Sep. 30, 2017	Mar. 31, 2017
Business Acquisition [Line Items]
Net income attributable to the Company	$ (19)		$ 66
GE Transaction Agreement
Business Acquisition [Line Items]
Business acquisition, pro forma revenue			5,324
Business acquisition, pro forma net income (loss)			(6)
Net income attributable to the Company			$ 6
Business acquisition, pro forma income per Common A share - basic (in dollars per share)			$ 0.01
Business acquisition, pro forma income per Common A share - diluted (in dollars per share)		$ 0.01

Current Receivables (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total current receivables, gross	$ 6,211	$ 6,345
Less: Allowance for doubtful accounts	(346)	(330)
Total current receivables, net	5,865	6,015
Customer receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total current receivables, gross	4,732	4,700
Related parties
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total current receivables, gross	691	801
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total current receivables, gross	$ 788	$ 844

Inventories (Details) - USD ($) $ in Millions	3 Months Ended
Inventories (Details) - USD ($) $ in Millions	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Inventory, Net [Abstract]
Inventory valuation reserves	$ 372		$ 360
Finished goods	2,527		2,577
Work in process and raw material	2,169		1,930
Total inventories, net	4,696		$ 4,507
Inventory impairment	$ 61	$ 15

Goodwill and Other Intangible Assets - Schedule of Goodwill (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Goodwill [Line Items]
Balance at December 31, 2016, gross			$ 10,434
Goodwill impairment			(3,754)
Goodwill [Roll Forward]
Goodwill, net, beginning balance	$ 19,927	$ 6,680
Goodwill, acquisition		13,052
Goodwill, currency exchange and others	129	195
Goodwill, purchase accounting adjustments	379
Goodwill, net, ending balance	20,435	19,927
Operating segments \| Oilfield Services
Goodwill [Line Items]
Balance at December 31, 2016, gross			2,779
Goodwill impairment			(2,633)
Goodwill [Roll Forward]
Goodwill, net, beginning balance	13,205	146
Goodwill, acquisition		13,052
Goodwill, currency exchange and others	28	7
Goodwill, purchase accounting adjustments	379
Goodwill, net, ending balance	13,612	13,205
Operating segments \| Oilfield Equipment
Goodwill [Line Items]
Balance at December 31, 2016, gross			3,852
Goodwill impairment			(867)
Goodwill [Roll Forward]
Goodwill, net, beginning balance	3,034	2,985
Goodwill, acquisition		0
Goodwill, currency exchange and others	33	49
Goodwill, purchase accounting adjustments	0
Goodwill, net, ending balance	3,067	3,034
Operating segments \| Turbomachinery & Process Solutions
Goodwill [Line Items]
Balance at December 31, 2016, gross			1,814
Goodwill impairment			0
Goodwill [Roll Forward]
Goodwill, net, beginning balance	1,906	1,814
Goodwill, acquisition		0
Goodwill, currency exchange and others	41	92
Goodwill, purchase accounting adjustments	0
Goodwill, net, ending balance	1,947	1,906
Operating segments \| Digital Solutions
Goodwill [Line Items]
Balance at December 31, 2016, gross			1,989
Goodwill impairment			$ (254)
Goodwill [Roll Forward]
Goodwill, net, beginning balance	1,782	1,735
Goodwill, acquisition		0
Goodwill, currency exchange and others	27	47
Goodwill, purchase accounting adjustments	0
Goodwill, net, ending balance	$ 1,809	$ 1,782

Goodwill and Other Intangible Assets - Schedule of Intangible Assets by Type (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	$ 6,275	$ 6,276
Finite-lived intangible assets, accumulated amortization	(2,302)	(2,115)
Finite-lived intangible assets, net	3,974	4,161
Indefinite-lived intangible assets	2,229	2,197
Intangible assets, gross	8,504	8,473
Other intangible assets, net	6,203	6,358
Technology
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	1,118	1,177
Finite-lived intangible assets, accumulated amortization	(479)	(440)
Finite-lived intangible assets, net	639	737
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	3,279	3,202
Finite-lived intangible assets, accumulated amortization	(877)	(819)
Finite-lived intangible assets, net	2,402	2,383
Capitalized software
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	1,138	1,130
Finite-lived intangible assets, accumulated amortization	(753)	(697)
Finite-lived intangible assets, net	385	433
Trade names and trademarks
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	726	757
Finite-lived intangible assets, accumulated amortization	(192)	(159)
Finite-lived intangible assets, net	534	598
Other
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	14	10
Finite-lived intangible assets, accumulated amortization	(1)	0
Finite-lived intangible assets, net	$ 14	$ 10

Goodwill and Other Intangible Assets - Schedule of Future Estimated Amortization Expense (Details) $ in Millions	Mar. 31, 2018 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2018	$ 338
2019	375
2020	348
2021	300
2022	266
2023	$ 247

Goodwill and Other Intangible Assets - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2018	Mar. 31, 2018	Mar. 31, 2017
Finite-Lived Intangible Assets [Line Items]
Amortization expense for intangible assets included in net income		$ 139	$ 63
GE Transaction Agreement
Finite-Lived Intangible Assets [Line Items]
Amortization expense for intangible assets included in net income		35
Trade names and trademarks
Finite-Lived Intangible Assets [Line Items]
Amortization expense for intangible assets included in net income		$ 37
Trade names and trademarks \| Forecast
Finite-Lived Intangible Assets [Line Items]
Amortization expense for intangible assets included in net income	$ 34

Contract and Other Deferred Assets (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Jan. 01, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Contract assets (revenue in excess of billings)	$ 1,723		$ 1,684	$ 1,233
Deferred inventory costs (3)	208		360	$ 276
Contract and other deferred assets	1,931		2,044
Contract with customer, performance obligations satisfied in previous periods	10	$ 30
Long-term product service agreements
Accounts, Notes, Loans and Financing Receivable [Line Items]
Contract assets (revenue in excess of billings)	615		589
Long-term equipment contract revenue (1)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Contract assets (revenue in excess of billings)	$ 1,108		$ 1,095

Progress Collections and Deferred Income (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Jan. 01, 2017
Revenue Recognition and Deferred Revenue [Abstract]
Progress collections	$ 1,474		$ 1,456
Deferred income	202		319
Progress collections and deferred income (contract liabilities) (1)	1,676		$ 1,775	$ 2,038
Revenue recognized, included in contract liability	$ 602	$ 529

- Definition

The carrying amount of consideration received or receivable as of the balance sheet date on potential earnings that were not recognized as revenue in conformity with GAAP, and which are expected to be recognized as such within one year or the normal operating cycle, if longer, including sales, license fees, and royalties, but excluding interest income.

+ References + Details

Borrowings - Short-term and long-term borrowings (Details) - USD ($)
$ in Millions

Mar. 31, 2018

Dec. 31, 2017

Short-term borrowings

Current portion of long-term borrowings

$ 0

$ 639

Total short-term borrowings

^[1]

1,176

2,037

Long-term borrowings

Capital leases

Other Long-term Debt

Total long-term borrowings

6,296

6,312

Total borrowings

$ 7,472

8,349

3.2% Senior Notes due August 2021

Debt Instrument [Line Items]

Stated interest rate

3.20%

2.773% Senior Notes due December 2022

Debt Instrument [Line Items]

Stated interest rate

2.773%

8.55% Debentures due June 2024

Debt Instrument [Line Items]

Stated interest rate

8.55%

3.337% Senior Notes due December 2027

Debt Instrument [Line Items]

Stated interest rate

3.337%

6.875% Notes due January 2029

Debt Instrument [Line Items]

Stated interest rate

6.875%

5.125% Notes due September 2040

Debt Instrument [Line Items]

Stated interest rate

5.125%

4.08% Senior Notes due December 2047

Debt Instrument [Line Items]

Stated interest rate

4.08%

Senior Notes | 3.2% Senior Notes due August 2021

Long-term borrowings

Long-term borrowings

$ 525

526

Senior Notes | 2.773% Senior Notes due December 2022

Long-term borrowings

Long-term borrowings

1,245

1,244

Senior Notes | 3.337% Senior Notes due December 2027

Long-term borrowings

Long-term borrowings

1,343

1,342

Senior Notes | 6.875% Notes due January 2029

Long-term borrowings

Long-term borrowings

303

308

Senior Notes | 5.125% Notes due September 2040

Long-term borrowings

Long-term borrowings

1,310

1,311

Senior Notes | 4.08% Senior Notes due December 2047

Long-term borrowings

Long-term borrowings

1,337

Debentures | 8.55% Debentures due June 2024

Long-term borrowings

Long-term borrowings

134

135

Short-term bank borrowings

Short-term borrowings

Short-term borrowings

124

171

Short-term borrowings from GE

Short-term borrowings

Short-term borrowings

992

1,124

Other borrowings

Short-term borrowings

Short-term borrowings

$ 60

$ 103

[1]

Borrowings - Additional Information (Details) - USD ($)		1 Months Ended	12 Months Ended
Borrowings - Additional Information (Details) - USD ($)	Jul. 03, 2017	Jan. 31, 2018	Dec. 31, 2017	Mar. 31, 2018	Dec. 11, 2017
Line of Credit Facility [Line Items]
Estimated fair value of debt			$ 8,466,000,000	$ 7,320,000,000
2017 Credit Agreement \| Revolving credit facility
Line of Credit Facility [Line Items]
Debt instrument, term	5 years
Line of credit facility, maximum borrowing capacity	$ 3,000,000,000
2.773% Senior Notes due December 2022
Line of Credit Facility [Line Items]
Stated interest rate				2.773%
3.337% Senior Notes due December 2027
Line of Credit Facility [Line Items]
Stated interest rate				3.337%
4.08% Senior Notes due December 2047
Line of Credit Facility [Line Items]
Stated interest rate				4.08%
BHGE LLC \| Senior Notes \| 2.773% Senior Notes due December 2022
Line of Credit Facility [Line Items]
Stated interest rate					2.773%
BHGE LLC \| Senior Notes \| 3.337% Senior Notes due December 2027
Line of Credit Facility [Line Items]
Stated interest rate					3.337%
BHGE LLC \| Senior Notes \| 4.08% Senior Notes due December 2047
Line of Credit Facility [Line Items]
Stated interest rate					4.08%
BHGE LLC \| Private placement \| Senior Notes
Line of Credit Facility [Line Items]
Debt instrument, face					$ 3,950,000,000
BHGE LLC \| Private placement \| Senior Notes \| Senior Notes Due 2018
Line of Credit Facility [Line Items]
Debt instrument, principal		$ 615,000,000
Payments for repurchase of debts		637,000,000
Debt instrument, face		639,000,000
Gain (loss) on repurchase of debt		2,000,000
BHGE LLC \| Private placement \| Senior Notes \| GE Transaction Agreement \| Senior Notes Due 2018
Line of Credit Facility [Line Items]
Business acquisition, step-up adjustment		$ 24,000,000
Baker Hughes Co-Obligor, Inc. \| BHGE LLC
Line of Credit Facility [Line Items]
Ownership percentage			100.00%

Employee Benefit Plans (Details) - Pension Benefits	3 Months Ended
Employee Benefit Plans (Details) - Pension Benefits	Mar. 31, 2018 USD ($) plan	Mar. 31, 2017 USD ($)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Multiemployer plan, contributions by employer \| $	$ 37,000,000	$ 26,000,000
Pension assets or obligations, threshold, per plan \| $	$ 20,000,000
U.S.
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Number of plans \| plan	7
Non-U.S. Pension Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Number of plans \| plan	6

Employee Benefit Plans - Net period cost (Details) - Pension Benefits - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Components of net periodic benefit cost [Abstract]
Service cost	$ 5	$ 3
Interest cost	18	7
Expected return on plan assets	(30)	(10)
Amortization of prior service credit	0	0
Amortization of net actuarial (gain) loss	2	3
Net periodic cost (benefit)	$ (5)	$ 3

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
Income Taxes (Details) - USD ($) $ in Millions	Mar. 31, 2018	Mar. 31, 2017
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ (86)	$ 8
U.S. income tax rate	21.00%
Tax Cuts and Jobs Act of 2017, Income tax expense (benefit)	$ (124)
Losses with no tax benefit	$ 58
General Electric Oil & Gas \| U.S. and Foreign Authorities
Investments, Owned, Federal Income Tax Note [Line Items]
Business combination, earnings attributable to tax, before tax, percent		100.00%

Equity (Details) - $ / shares	3 Months Ended
Equity (Details) - $ / shares	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Jul. 03, 2017
Class of Stock [Line Items]
Preferred stock authorized (in shares)	50,000,000
Common stock par value (in dollars per share)	$ 0.0001
Preferred stock issued (in shares)	0
Common Class A
Class of Stock [Line Items]
Common stock authorized (in shares)	2,000,000,000
Common stock par value (in dollars per share)	$ 0.0001
Common stock outstanding (in shares)	416,000,000
Common Class B
Class of Stock [Line Items]
Common stock authorized (in shares)	1,250,000,000.00
Common stock par value (in dollars per share)	$ 0.0001
Common stock outstanding (in shares)	696,000,000
GE Transaction Agreement \| Common Class A
Class of Stock [Line Items]
Approximate interest to be acquired	100.00%
GE Transaction Agreement \| General Electric Company
Class of Stock [Line Items]
Approximate interest to be acquired	62.50%			62.50%
GE Transaction Agreement \| General Electric Company \| Common Class B
Class of Stock [Line Items]
Approximate interest to be acquired			62.50%
Cash Dividend \| Common Class A
Class of Stock [Line Items]
Cash dividends per share (in dollars per share)	$ 0.18

Equity - Changes in Number of Shares Outstanding (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Nov. 02, 2017
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock repurchase program, authorized amount		$ 3,000
Common Stock \| Common Class A
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance (in shares)	422,208,000
Stock repurchase program (2) (3)	(6,290,420)
Ending Balance (in shares)	416,300,000
Stock repurchase program, acquired value	$ 1,100
Stock repurchase program, acquired value	$ 187
Common Stock \| Common Class B
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance (in shares)	706,985,000
Stock repurchase program (2) (3)	(10,523,873)
Ending Balance (in shares)	696,460,000
Stock repurchase program, acquired value	$ 313
Restricted Stock Units (RSUs) \| Common Stock \| Common Class A
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issue of shares upon vesting of restricted stock units (1)	316,000
Restricted Stock Units (RSUs) \| Common Stock \| Common Class B
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issue of shares upon vesting of restricted stock units (1)	0
Options \| Common Stock \| Common Class A
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issue of shares on exercises of stock options(1)	66,000
Options \| Common Stock \| Common Class B
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issue of shares on exercises of stock options(1)	0
BHGE LLC
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock repurchase program, authorized amount	$ 2,000

Equity - Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	$ 38,410	$ 14,280
Other comprehensive income (loss)	316	75
Less: Other comprehensive income attributable to noncontrolling interests	(198)	(2)
Ending Balance	38,095	14,652
Investment Securities, Parent
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	1	0
Ending Balance	1	26
Investment Securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss) before reclassifications	0	39
Amounts reclassified from accumulated other comprehensive income (loss)	0	1
Deferred taxes	0	(14)
Other comprehensive income (loss)	0	26
Investment Securities, Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss) [Line Items]
Less: Other comprehensive income attributable to noncontrolling interests	0	0
Foreign Currency Translation Adjustment, Parent
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(682)	(1,795)
Ending Balance	(566)	(1,749)
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss) before reclassifications	312	49
Amounts reclassified from accumulated other comprehensive income (loss)	0	0
Deferred taxes	0	(3)
Other comprehensive income (loss)	312	46
Foreign Currency Translation Adjustment, Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss) [Line Items]
Less: Other comprehensive income attributable to noncontrolling interests	196	0
Cash Flow Hedges, Parent
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	1	(10)
Ending Balance	4	(6)
Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss) before reclassifications	8	(2)
Amounts reclassified from accumulated other comprehensive income (loss)	0	7
Deferred taxes	(1)	(1)
Other comprehensive income (loss)	7	4
Cash Flow Hedges, Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss) [Line Items]
Less: Other comprehensive income attributable to noncontrolling interests	4	0
Benefit Plans, Parent
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(23)	(83)
Ending Balance	(24)	(86)
Benefit Plans
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss) before reclassifications	(3)	(2)
Amounts reclassified from accumulated other comprehensive income (loss)	0	(2)
Deferred taxes	0	3
Other comprehensive income (loss)	(3)	(1)
Benefit Plans, Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss) [Line Items]
Less: Other comprehensive income attributable to noncontrolling interests	(2)	2
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(703)	(1,888)
Other comprehensive income (loss)	118	73
Ending Balance	(585)	(1,815)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss) before reclassifications	317	84
Amounts reclassified from accumulated other comprehensive income (loss)	0	6
Deferred taxes	(1)	(15)
Other comprehensive income (loss)	316	75
Accumulated Other Comprehensive Income (Loss), Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss) [Line Items]
Less: Other comprehensive income attributable to noncontrolling interests	$ 198	$ 2

Equity - Non-controlling interest (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Noncontrolling Interest [Line Items]
Noncontrolling interests	$ 23,843	$ 24,133
Other noncontrolling interests	139	140
General Electric Company
Noncontrolling Interest [Line Items]
Noncontrolling interests	$ 23,704	$ 23,993

Earnings Per Share - Basic and diluted net income (loss) per share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Earnings Per Share
Net income (loss)	$ (19)	$ 66
Less: Net income attributable to GE O&G pre-merger	0	68
Less: Net loss attributable to noncontrolling interests	(89)	(2)
Net income attributable to Baker Hughes, a GE company	$ 70	$ 0
Net income per share attributable to common stockholders:
Earnings per share, basic (in dollars per share)	$ 0.17
Earnings per share, diluted (in dollars per share)	$ 0.17
Common Class A
Weighted average shares outstanding:
Weighted average common shares outstanding, basic (in shares)	421
Weighted average common shares outstanding, diluted (in shares)	422
Net income per share attributable to common stockholders:
Earnings per share, basic (in dollars per share)	$ 0.17
Earnings per share, diluted (in dollars per share)	$ 0.17

Earnings Per Share - Additional details (Details) shares in Millions	3 Months Ended
	Mar. 31, 2018 shares
Common Class A \| Employee stock option
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from diluted EPS calculation (in options)	5

Financial Instruments - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, notional amount	$ 11,300	$ 10,200
Derivative, notional amount, net	3,000	$ 3,300
Derivative, transfer to earnings	$ 7
Cash flow hedging
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, term	2 years	3 years
Related party amount, due to related party \| GE
Derivative Instruments, Gain (Loss) [Line Items]
Investment securities	$ 156	$ 127
Non-U.S. debt securities
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, term	3 years

Financial Instruments - Recurring fair value measurements (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	$ 205	$ 150
Assets, fair value	205	150
Derivative liability	(129)	(95)
Liabilities, fair value	(129)	(95)
Fair value, measurements, recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	205	150
Investment securities	401	393
Assets, fair value	606	543
Derivative liability	(129)	(95)
Liabilities, fair value	(129)	(95)
Fair value, measurements, recurring \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	0	0
Investment securities	75	81
Assets, fair value	75	81
Derivative liability	0	0
Liabilities, fair value	0	0
Fair value, measurements, recurring \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	205	150
Investment securities	0	8
Assets, fair value	205	158
Derivative liability	(129)	(95)
Liabilities, fair value	(129)	(95)
Fair value, measurements, recurring \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	0	0
Investment securities	326	304
Assets, fair value	326	304
Derivative liability	0	0
Liabilities, fair value	$ 0	$ 0

Financial Instruments - Reconciliation of recurring Level 3 fair value measurements (Details) $ in Millions	3 Months Ended
	Mar. 31, 2018 USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Beginning balance	$ 304
Purchases	34
Proceeds at maturity	(12)
Ending balance	$ 326

Financial Instruments - Investment Securities (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale, amortized cost	$ 400	$ 391
Available-for-sale, gross unrealized gains	1	2
Available-for-sale, gross unrealized losses	0	0
Available-for-sale, estimated fair value	401	393
Non-U.S. debt securities
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale, amortized cost	325	310
Available-for-sale, gross unrealized gains	1	2
Available-for-sale, gross unrealized losses	0	0
Available-for-sale, estimated fair value	326	312
Equity securities
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale, amortized cost	75	81
Available-for-sale, gross unrealized gains	0	0
Available-for-sale, gross unrealized losses	0	0
Available-for-sale, estimated fair value	$ 75	$ 81

Financial Instruments - Derivatives and hedging (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Derivatives, Fair Value [Line Items]
Assets, fair value	$ 205	$ 150
Liabilities, fair value	(129)	(95)
Currency exchange contracts \| Designated as hedging instrument
Derivatives, Fair Value [Line Items]
Assets, fair value	10	6
Liabilities, fair value	0	0
Currency exchange contracts \| Not designated as hedging instrument
Derivatives, Fair Value [Line Items]
Assets, fair value	195	144
Liabilities, fair value	$ (129)	$ (95)

Financial Instruments - Derivatives (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative assets	$ 205	$ 150
Derivative liability	(129)	(95)
Derivative Assets (Liabilities), at Fair Value, Net	$ 76	$ 55

Financial Instruments - Hedges (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Designated as hedging instrument \| Cash flow hedging
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Effect on hedging instrument	$ (8)	$ 2
Effect on underlying	8	(2)
Effect on earnings (1)	0	0
Not designated as hedging instrument, economic hedge
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Effect on hedging instrument	17	(8)
Effect on underlying	(15)	9
Effect on earnings (1)	$ 2	$ 1

Financial Instruments - Cash flow hedges (Details) - Cash flow hedging - Currency exchange contracts - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in AOCI	$ 8	$ (2)
Gain (loss) reclassified from AOCI to earnings	$ 0	$ (7)

Segment Information (Details)	3 Months Ended
Segment Information (Details)	Mar. 31, 2018 segment
Segment Reporting [Abstract]
Number of operating segments	4

Segment Information - Operating profit (loss) by segment (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Summarized financial information [Abstract]
Total revenue	$ 5,399	$ 3,064
Income (loss) before income taxes and equity in loss of affiliate	(85)	74
Inventory impairment	(61)	(15)
Merger and related costs	(46)	(66)
Other non operating income, net	2	8
Interest expense, net	(46)	(20)
Operating segments
Summarized financial information [Abstract]
Total revenue	5,399	3,064
Income (loss) before income taxes and equity in loss of affiliate	327	329
Corporate
Summarized financial information [Abstract]
Income (loss) before income taxes and equity in loss of affiliate	(98)	(120)
Segment Reconciling Items [Member]
Summarized financial information [Abstract]
Inventory impairment	(61)	(15)
Restructuring, impairment and other	(162)	(42)
Merger and related costs	(46)	(66)
Other non operating income, net	2	8
Interest expense, net	(46)	(20)
Oilfield Services \| Operating segments
Summarized financial information [Abstract]
Total revenue	2,678	212
Income (loss) before income taxes and equity in loss of affiliate	141	(57)
Oilfield Equipment \| Operating segments
Summarized financial information [Abstract]
Total revenue	664	716
Income (loss) before income taxes and equity in loss of affiliate	(6)	50
Turbomachinery & Process Solutions \| Operating segments
Summarized financial information [Abstract]
Total revenue	1,460	1,644
Income (loss) before income taxes and equity in loss of affiliate	119	252
Digital Solutions \| Operating segments
Summarized financial information [Abstract]
Total revenue	598	491
Income (loss) before income taxes and equity in loss of affiliate	$ 73	$ 84

Related Party Transactions - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Sep. 30, 2017	Mar. 31, 2017	Dec. 31, 2017	Jul. 03, 2017	Dec. 31, 2016
Related Party Transaction [Line Items]
Cash and cash equivalents	$ 5,631		$ 1,027	$ 7,030		$ 981
Income tax obligation	(86)		8
GE Transaction Agreement
Related Party Transaction [Line Items]
Cash repayment, threshold	$ 100
GE Transaction Agreement \| General Electric Company
Related Party Transaction [Line Items]
Percentage of tax benefits				100.00%
Approximate interest to be acquired	62.50%				62.50%
GE Transaction Agreement \| Baker Hughes Incorporated
Related Party Transaction [Line Items]
Approximate interest to be acquired					37.50%
GE Capital accounts payable program
Related Party Transaction [Line Items]
Accounts payable, related party	$ 346			$ 293
Accounts Payable, GE and its affiliates
Related Party Transaction [Line Items]
Accounts payable, related party	556			575
GE \| GE’s corporate overhead
Related Party Transaction [Line Items]
Selling, general and administrative expenses, agreement		$ 55
GE \| Intercompany Services Agreement
Related Party Transaction [Line Items]
Related party transaction	14
GE \| Sales of products and services, GE and its affiliates
Related Party Transaction [Line Items]
Related party transaction	38
Revenue from related parties	100		149
GE \| Purchases, GE and its affiliates
Related Party Transaction [Line Items]
Related party purchases	403		$ 346
GE \| Related party amount, due to related party
Related Party Transaction [Line Items]
Cash held on behalf of GE	992			1,124
Cash and cash equivalents	836			997
Investment securities	$ 156			$ 127
Common Class B \| GE Transaction Agreement \| General Electric Company
Related Party Transaction [Line Items]
Approximate interest to be acquired				62.50%
Common Class A \| GE Transaction Agreement
Related Party Transaction [Line Items]
Approximate interest to be acquired	100.00%
Common Class A \| GE Transaction Agreement \| Baker Hughes Incorporated
Related Party Transaction [Line Items]
Approximate interest to be acquired	37.50%			37.50%
U.S. and Foreign Authorities \| General Electric Company
Related Party Transaction [Line Items]
Income tax obligation	$ 33

Commitments and Contingencies - Narrative (Details) $ in Thousands, € in Millions			1 Months Ended	3 Months Ended
	Feb. 17, 2017 USD ($)	Aug. 03, 2016 USD ($)	Jan. 31, 2018 USD ($)	Mar. 31, 2018 USD ($) shares	Mar. 31, 2018 EUR (€)
Loss Contingencies [Line Items]
Off-balance sheet arrangements				$ 3,700,000
Equipment failure \| Pending litigation \| Natural Gas Storage System in Northern Germany
Loss Contingencies [Line Items]
Marginal rate on annual prime rate (percent)		5.00%
Value of alleged damages sought		$ 224,000
Breach of contract \| Pending litigation \| Saniteq LLC v. GE Infrastructure Sensing, Inc.
Loss Contingencies [Line Items]
Value of alleged damages sought	$ 500,000
Damage from fire \| Pending litigation \| INOES and Naphtachimie [Member]
Loss Contingencies [Line Items]
Value of alleged damages sought \| €					€ 250
GE Transaction Agreement \| Pending litigation
Loss Contingencies [Line Items]
Common stock, shares outstanding, appraisal rights (in shares) \| shares				1,875,000
Environmental proceedings \| Taft, California
Loss Contingencies [Line Items]
Environmental proposed penalty			$ 130
Environmental penalty				$ 80

Commitments and Contingencies - Schedule of Product Warranties (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Movement in Standard Product Warranty Accrual [Roll Forward]
Beginning balance	$ 164	$ 74
Provisions	10	6
Expenditures	(7)	(12)
Other	2	0
Ending balance	$ 169	$ 68

Restructuring, Impairment and Other - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Restructuring and Related Activities [Abstract]
Restructuring, impairment and other	$ 162	$ 42
Restructuring charges	125	35
Estimated remaining charges	173
Restructuring, impairment and other charges
Restructuring Cost and Reserve [Line Items]
Other asset impairment charges and foreign currency translation gain (loss), realized	$ 37	7
Currency gain (loss)		$ (6)

Restructuring, Impairment and Other - Schedule of Restructuring Charges (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	$ 125	$ 35
Property, plant & equipment, net
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	19	10
Employee-related termination expenses
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	83	15
Asset relocation costs
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	5	3
Environmental remediation costs
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	3	3
Contract termination fees
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	7	1
Other incremental costs
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	8	3
Corporate
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	17	2
Oilfield Services \| Operating segments
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	59	12
Oilfield Equipment \| Operating segments
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	12	1
Turbomachinery & Process Solutions \| Operating segments
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	28	10
Digital Solutions \| Operating segments
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	$ 9	$ 10