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Business Acquisition and Disposition

REVENUE RELATED TO CONTRACTS WITH CUSTOMERS

DISAGGREGATED REVENUE

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



Total Revenue	2018		2017		2016
U.S.	$	6,576	$	4,409	$	3,156
Non-U.S.	16,301		12,770		9,926
Total	$	22,877	$	17,179	$	13,082

REMAINING PERFORMANCE OBLIGATIONS

As of December 31, 2018 and December 31, 2017, the aggregate amount of the transaction price allocated to the unsatisfied (or partially unsatisfied) performance obligations was $21.0 billion in each year, respectively. As of December 31, 2018, we expect to recognize revenue of approximately 45%, 63% and 88% of the total remaining performance obligations within 2, 5, and 15 years, respectively, and the remaining thereafter. Contract modifications could affect both the timing to complete as well as the amount to be received as we fulfill the related remaining performance obligations.

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:



	2018		2017
Progress collections	$	1,600	$	1,456
Deferred income	165		319
Progress collections and deferred income (contract liabilities) ⁽¹⁾	$	1,765	$	1,775


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

Revenue recognized during the year ended December 31, 2018 and 2017 that was included in the contract liabilities at the beginning of the year was $1,392 million and $1,525 million, respectively.

Business Acquisition and Disposition

12 Months Ended

Dec. 31, 2018

Business Combinations [Abstract]

BUSINESS ACQUISITION AND DISPOSITION

BUSINESS ACQUISITION

On July 3, 2017, we closed the Transactions to combine GE O&G and Baker Hughes. The Transactions were executed using a partnership structure, pursuant to which GE O&G and Baker Hughes each contributed their operating assets to the Company. The fair value of the consideration exchanged was $24,798 million.

The tables below present 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 the fair value of assets and liabilities was concluded in the second quarter of 2018.



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	1,712
Property, plant and equipment	4,514
Intangible assets ⁽¹⁾	4,005
Deferred income taxes ⁽²⁾	30
All other assets	1,335
Liabilities
Accounts payable	$	(1,213	)
Borrowings	(3,370		)
Liabilities for pension and other postretirement benefits	(654		)
All other liabilities	(1,670		)
Total identifiable net assets	$	11,164
Noncontrolling interest associated with net assets acquired	(35		)
Goodwill ⁽³⁾	13,669
Total purchase consideration	$	24,798

⁽¹⁾

Intangible assets, as provided in the table below, are recorded at fair value, as determined by management based on available information. 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)
Trademarks - Baker Hughes	$	2,100	Indefinite life
Customer relationships	1,240		15
Patents and technology	465		10
In-process research and development	70		Indefinite life
Capitalized software	64		2
Trade names - other	45		10
Favorable lease contracts & others	21		10
Total	$	4,005


⁽²⁾	Includes approximately $83 million of net deferred tax liabilities related to the fair value of intangible assets included in the purchase consideration and approximately $113 million of other net deferred tax assets, including non-U.S. loss carryforwards net of valuation allowances partially offset by 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 primarily allocated to the Oilfield Services segment, of which $67 million is deductible for tax purposes. See "Note 7. Goodwill and Other Intangible Assets" for allocation of goodwill to all the segments.

During the six months ended June 30, 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 from December 31, 2017 of $891 million primarily due to a reduction in the fair value of property, plant and equipment of $362 million, equity method investments of $228 million, intangible assets of $123 million and an increase in other liabilities of $314 million primarily related to uncertain tax positions, warranty, and other sundry liabilities. As a result of the decrease in property, plant and equipment and intangible assets during the six months ended June 30, 2018, we recorded a cumulative decrease to depreciation and amortization expense of $33 million. We reclassified certain balances to conform to our current presentation.

INCOME TAXES

We are treated as a partnership for U.S. federal income tax purposes. As such, we are not subject to U.S. federal income tax under current U.S. tax laws. Our foreign subsidiaries, however, have incurred current and deferred foreign income taxes. Our members 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, 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 us through subsidiaries, the taxes attributable to those subsidiaries will be reflected in our consolidated and combined financial statements.

MERGER AND RELATED COSTS

During 2018, 2017 and 2016, acquisition costs of $153 million, $373 million and $33 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. In 2018, such costs also include costs incurred in connection with the finalization of the Master Agreement Framework and costs related to the anticipated separation from GE. See "Note 16. Related Party Transactions" for further details on the Master Agreement Framework.

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 and reduction of interest expense for fair value adjustments to debt.



	2017			2016
Revenue	$	21,841		$	22,915
Net loss	(586		)	(2,883		)
Net loss attributable to the Company	(592		)	(2,816		)

BUSINESS DISPOSITION

In October 2018, the Company completed the sale of its Natural Gas Solution (NGS) business for a sales price of $375 million. NGS was part of our TPS segment and provided commercial and industrial products such as gas meters, chemical injection pumps, pipeline repair products and electric actuators. The sale resulted in a gain before income tax of $171 million reported in the "Other non operating income, net" caption of the consolidated and combined statements of income (loss).

Current Receivables

12 Months Ended

Dec. 31, 2018

Receivables [Abstract]

Current Receivables

CURRENT RECEIVABLES

Current receivables are comprised of the following at December 31:



	2018			2017
Customer receivables	$	4,974		$	4,700
Related parties	746			915
Other	669			844
Total current receivables	6,389			6,459
Less: Allowance for doubtful accounts	(327		)	(330		)
Total current receivables, net	$	6,062		$	6,129

Customer receivables are recorded at the invoiced amount. Related parties consists primarily of amounts owed to us by GE. The "Other" category consists primarily of indirect taxes, customer retentions, other tax receivables and advance payments to suppliers.

Inventories

12 Months Ended

Dec. 31, 2018

Inventory, Net [Abstract]

Inventories

INVENTORIES

Inventories, net of reserves of $430 million and $360 million in 2018 and 2017, respectively, are comprised of the following at December 31:



	2018		2017
Finished goods	$	2,575	$	2,577
Work in process and raw materials	2,045		1,930
Total inventories, net	$	4,620	$	4,507

During 2018 and 2017, we recorded $105 million and $157 million 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 consolidated and combined statements of income (loss).

Property, Plant and Equipment

12 Months Ended

Dec. 31, 2018

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment are comprised of the following at December 31:



	Useful Life	2018		2017
Land and improvements ⁽¹⁾	8 - 20 years ⁽¹⁾	$	432	$	413
Buildings, structures and related equipment	5 - 40 years	2,854		3,168
Machinery, equipment and other	2 - 20 years	6,567		6,195
Total cost		9,853		9,776
Less: Accumulated depreciation		3,625		2,817
Property, plant and equipment, less accumulated depreciation		$	6,228	$	6,959


⁽¹⁾	Useful life excludes land.

Depreciation expense relating to property, plant and equipment was $1,031 million, $716 million and $311 million in 2018, 2017 and 2016, respectively. See "Note 18. Restructuring, impairment and other" for additional information on property, plant and equipment impairments.

Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

GOODWILL AND 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
Acquisitions and purchase accounting adjustments ⁽¹⁾	12,778			—			—			—			12,778
Currency exchange and others	8			49			92			47			196
Balance at December 31, 2017	12,932			3,034			1,906			1,782			19,654
Acquisitions and purchase accounting adjustments ⁽¹⁾	(157		)	293			394			429			959
Currency exchange and others	(26		)	(17		)	(114		)	(33		)	(190		)
Balance at December 31, 2018	$	12,749		$	3,310		$	2,186		$	2,178		$	20,423

⁽¹⁾

Includes goodwill associated with the acquisition of Baker Hughes. The final determination of fair value of the assets and liabilities and the related goodwill associated with the acquisition of Baker Hughes was concluded in the second quarter of 2018. Of the total goodwill of $13,669 million resulting from the acquisition of Baker Hughes, $12,604 million is allocated to our Oilfield Services segment and the remainder to our other segments based on the expected benefit from the synergies of the acquisition.

We test goodwill for impairment annually in the third quarter of each year using data as of July 1 of that year, which would include consideration of any segment realignment. Our reporting units are the same as our four reportable segments. The impairment test consists of two steps: in step one, the carrying value of the reporting unit is compared with its fair value; in step two, which is applied only when the carrying value is more than its fair value, the amount of goodwill impairment, if any, is derived by deducting the fair value of the reporting unit's assets and liabilities from the fair value of its equity, and comparing that amount with the carrying amount of goodwill. We determined fair values for each of the reporting units using a combination of the market approach and the income approach. We assessed the valuation methodologies based upon the relevance and available data and have weighted the results appropriately.

Valuations using the market approach were derived from metrics of publicly traded companies or historically completed transactions of comparable businesses. The selection of comparable businesses was based on the markets in which the reporting units operate giving consideration to risk profiles, size, geography, and diversity of products and services. A market approach is limited to reporting units for which there are publicly traded companies that have the characteristics similar to our businesses.

Under the income approach, fair value was determined based on the present value of estimated future cash flows, discounted at an appropriate risk-adjusted rate. We used our internal forecasts to estimate future cash flows and included an estimate of long-term future growth rates based on our most recent views of the long-term outlook for each business. Actual results may differ from those assumed in our forecasts. We derived our discount rates using a capital asset pricing model and analyzing published rates for industries relevant to our reporting units to estimate the cost of equity financing. We used discount rates that are commensurate with the risks and uncertainty inherent in the respective businesses and in our internally developed forecasts. Discount rates used in our reporting unit valuations ranged from 10% to 11.5%. Estimating the fair value of reporting units requires the use of estimates and significant judgments that are based on a number of factors including actual operating results. It is reasonably possible that the judgments and estimates described above could change in future periods.

We performed our annual impairment test of goodwill as of July 1, 2018 and July 1, 2017 for all four of our reporting units. The step one impairment test was performed considering macroeconomic and industry conditions, overall financial performance of the reporting unit and long-term forecasts, among other factors, all of which require considerable judgment. Based on the results of our step one testing, the fair values of each of the four reporting units exceeded their carrying values; therefore, the second step of the impairment test was not required to be performed for any of our reporting units and no goodwill impairment was recognized.

In addition to our annual impairment testing, 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, (iii) the impact of the separation from GE, if any, and (iv) declines in the market capitalization of BHGE below its book value, and the magnitude and duration of those declines, if any. Between July 1, 2018 and December 31, 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.

As of December 31, 2018, we believe that the goodwill is recoverable, however, there can be no assurances that further sustained declines in macroeconomic or business conditions affecting our industry and business will not occur. The impairment testing discussed above involves significant management judgment and are based on assumptions about future commodity pricing, supply and demand for our goods and services, and market conditions, which are difficult to forecast in volatile economic environments. If actual results materially differ from the estimated assumptions utilized in our forecasts, we may need to record impairment charges in future periods.

OTHER INTANGIBLE ASSETS

Intangible assets are comprised of the following at December 31:



	2018							2017
	Gross Carrying Amount		Accumulated Amortization			Net		Gross Carrying Amount		Accumulated Amortization			Net
Technology	$	1,107	$	(526	)	$	581	$	1,177	$	(440	)	$	737
Customer relationships	3,085		(944		)	2,141		3,202		(819		)	2,383
Capitalized software	1,118		(824		)	294		1,130		(697		)	433
Trade names and trademarks	698		(229		)	469		757		(159		)	598
Other	14		(2		)	12		10		—			10
Finite-lived intangible assets	6,022		(2,525		)	3,497		6,276		(2,115		)	4,161
Indefinite-lived intangible assets ⁽¹⁾	2,222		—			2,222		2,197		—			2,197
Total intangible assets	$	8,244	$	(2,525	)	$	5,719	$	8,473	$	(2,115	)	$	6,358


⁽¹⁾	Indefinite-lived intangible assets principally comprise trade names and trademarks acquired in business combinations.

Indefinite-lived intangible assets as of December 31, 2018 and 2017 are comprised primarily of the Baker Hughes trade name, which was valued at $2,100 million using the relief-from-royalty method.

Intangible assets are generally amortized on a straight-line basis with estimated useful lives ranging from one to 30 years. Amortization expense for the years ended December 31, 2018, 2017 and 2016 was $455 million, $387 million and $239 million, respectively.

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



Year	Estimated Amortization Expense
2019	$	348
2020	316
2021	267
2022	225
2023	213

Contract and Other Deferred Assets

12 Months Ended

Dec. 31, 2018

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 at December 31:



	2018		2017
Long-term product service agreements	$	609	$	589
Long-term equipment contracts ⁽¹⁾	1,085		1,095
Contract assets (total revenue in excess of billings) ⁽²⁾	1,694		1,684
Deferred inventory costs ⁽³⁾	179		360
Non-recurring engineering costs	21		—
Contract and other deferred assets	$	1,894	$	2,044


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


⁽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 for which the criteria for revenue recognition has not yet been met.

Revenue recognized during the year ended December 31, 2018 and 2017 from performance obligations satisfied (or partially satisfied) in previous years related to our long-term service agreements was $26 million and $44 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

12 Months Ended

Dec. 31, 2018

Revenue Recognition and Deferred Revenue [Abstract]

Progress Collections and Deferred Income

REVENUE RELATED TO CONTRACTS WITH CUSTOMERS

DISAGGREGATED REVENUE

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



Total Revenue	2018		2017		2016
U.S.	$	6,576	$	4,409	$	3,156
Non-U.S.	16,301		12,770		9,926
Total	$	22,877	$	17,179	$	13,082

REMAINING PERFORMANCE OBLIGATIONS

PROGRESS COLLECTIONS AND DEFERRED INCOME



	2018		2017
Progress collections	$	1,600	$	1,456
Deferred income	165		319
Progress collections and deferred income (contract liabilities) ⁽¹⁾	$	1,765	$	1,775


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

Revenue recognized during the year ended December 31, 2018 and 2017 that was included in the contract liabilities at the beginning of the year was $1,392 million and $1,525 million, respectively.

Borrowings

12 Months Ended

Dec. 31, 2018

Debt Disclosure [Abstract]

Borrowings

BORROWINGS

Short-term and long-term borrowings are comprised of the following at December 31:



	2018				2017
	Amount		Weighted Average Rate⁽¹⁾		Amount		Weighted Average Rate⁽¹⁾
Short-term borrowings
Short-term bank borrowings	$	—	n/a		$	171	12.6	%
Current portion of long-term borrowings	—		n/a		639		2.1	%
Short-term borrowings from GE	896		n/a		1,124		n/a
Other short-term borrowings	46		9.9	%	103		7.6	%
Total short-term borrowings	942				2,037

Long-term borrowings
3.2% Senior Notes due August 2021 ⁽²⁾	523		2.5	%	526		2.5	%
2.773% Senior Notes due December 2022	1,245		2.9	%	1,244		2.9	%
8.55% Debentures due June 2024 ⁽²⁾	131		4.1	%	135		3.9	%
3.337% Senior Notes due December 2027	1,343		3.4	%	1,342		3.4	%
6.875% Notes due January 2029 ⁽²⁾	294		3.9	%	308		3.9	%
5.125% Notes due September 2040 ⁽²⁾	1,306		4.2	%	1,311		4.1	%
4.080% Senior Notes due December 2047	1,336		4.1	%	1,337		4.1	%
Capital leases	103		5.4	%	87		7.0	%
Other long-term borrowings	4		3.8	%	22		1.9	%
Total long-term borrowings	6,285				6,312
Total borrowings	$	7,227			$	8,349


⁽¹⁾	Weighted average effective interest rate is based on the carrying value including step-up adjustments, as applicable, recorded upon the acquisition of Baker Hughes as of December 31, 2018 and 2017.


⁽²⁾	Represents long-term fixed rate debt obligations assumed in connection with the acquisition of Baker Hughes, net of amounts repurchased subsequent to the closing of the Transactions.

The estimated fair value of total borrowings at December 31, 2018 and December 31, 2017 was $6,629 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.

Maturities of debt for each of the five years in the period ended December 31, 2023, and in the aggregate thereafter, are listed in the table below:



	2019		2020		2021		2022		2023		Thereafter
Total debt	$	942	$	34	$	549	$	1,256	$	11	$	4,435

In July 2017, we entered into a new 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 year ended December 31, 2018, there were no borrowings under the 2017 Credit Agreement.

In November 2017, we entered into a commercial paper program under which we may issue from time to time up to $3 billion in commercial paper with maturities of no more than 397 days. At December 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.

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 us, on our registered debt securities. This co-obligor is our 100%-owned finance subsidiary 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 on December 11, 2017 by us in a private placement.

Certain Senior Notes contain covenants that restrict our ability to take certain actions, including, but not limited to, the creation of certain liens securing debt, the entry into certain sale-leaseback transactions and engaging in certain merger, consolidation and asset sale transactions in excess of specified limits.

In January 2018, we redeemed all remaining aggregate principal amount of the 2018 Senior Notes of $615 million. Also in January 2018, we commenced an offering to exchange $3,950 million of all the outstanding, unregistered senior notes that were issued in a private offering on December 11, 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 on January 31, 2018.

See "Note 16. Related Party Transactions" for additional information on the short-term borrowings from GE, and see "Note 14. Financial Instruments" for additional information about borrowings and associated swaps.

Employee Benefit Plans

12 Months Ended

Dec. 31, 2018

Retirement Benefits [Abstract]

Employee Benefit Plans

EMPLOYEE BENEFIT PLANS

GE MULTI-EMPLOYER 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 $158 million, $132 million and $140 million in the years ended December 31, 2018, 2017 and 2016, respectively. In November 2018, the Company entered into an agreement with GE whereby GE will transfer the assets and liabilities of the GE UK Pension Plan related to the oil & gas businesses to BHGE on what is intended to be a fully funded basis. Subsequent to this transfer, BHGE shall cease to participate in the GE UK Pension Plan. This transfer is expected to close in 2019. Additionally, beginning in 2019, legacy GE O&G U.S. employees will cease to participate in the GE U.S. plans above.

DEFINED BENEFIT PLANS

In addition to these GE plans, certain of our employees are also covered by company sponsored pension plans. Our primary pension plans in 2018 included four U.S. plans and six non-U.S. pension plans, primarily in the UK, Germany, and Canada, all with pension 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; however, over half of these plans are either frozen or closed to new entrants. We also provide certain postretirement health care benefits (Other Postretirement Benefits), through an unfunded plan, to a closed group of U.S. employees who retire and meet certain age and service requirements.

Funded Status

The funded status position represents the difference between the benefit obligation and the plan assets. The projected benefit obligation (PBO) for pension benefits represents the actuarial present value of benefits attributed to employee services and compensation and includes an assumption about future compensation levels. The accumulated benefit obligation (ABO) is the actuarial present value of pension benefits attributed to employee service to date and present compensation levels. The ABO differs from the PBO in that the ABO does not include any assumptions about future compensation levels. Below is the reconciliation of the beginning and ending balances of benefit obligations, fair value of plan assets and the funded status of our plans.



	Pension Benefits						Other Postretirement Benefits
	2018			2017			2018			2017
Change in benefit obligation:
Benefit obligation at beginning of year	$	2,418		$	820		$	187		$	117
Service cost	21			37			2			2
Interest cost	71			51			5			6
Plan amendment	20			—			1			(23		)
Actuarial loss (gain)	(93		)	41			(23		)	—
Benefits paid	(67		)	(65		)	(21		)	(13		)
Curtailments	(7		)	(45		)	(5		)	5
Settlements	(59		)	(10		)	—			—
Business acquisition ⁽¹⁾	—			1,546			—			93
Other	16			(2		)	(39		)	—
Foreign currency translation adjustments	(59		)	45			—			—
Benefit obligation at end of year	2,261			2,418			107			187

Change in plan assets:
Fair value of plan assets at beginning of year	2,059			567			—			—
Actual return on plan assets	(60		)	152			—			—
Employer contributions	51			50			21			13
Benefits paid	(67		)	(65		)	(21		)	(13		)
Settlements	(59		)	(10		)	—			—
Business acquisition ⁽¹⁾	—			1,342			—			—
Other	(9		)	(2		)	—			—
Foreign currency translation adjustments	(49		)	25			—			—
Fair value of plan assets at end of year	1,866			2,059			—			—

Funded status - underfunded at end of year	$	(395	)	$	(359	)	$	(107	)	$	(187	)

Accumulated benefit obligation	$	2,225		$	2,373		$	107		$	187


⁽¹⁾	Relates to the acquisition of Baker Hughes on July 3, 2017.

The amounts recognized in the consolidated and combined statements of financial position consist of the following at December 31:



	Pension Benefits						Other Postretirement Benefits
	2018			2017			2018			2017
Noncurrent assets	$	47		$	46		$	—		$	—
Current liabilities	(13		)	(10		)	(19		)	(24		)
Noncurrent liabilities	(429		)	(395		)	(88		)	(163		)
Net amount recognized	$	(395	)	$	(359	)	$	(107	)	$	(187	)

Information for the plans with ABOs in excess of plan assets is as follows at December 31:



	Pension Benefits				Other Postretirement Benefits
	2018		2017		2018		2017
Projected benefit obligation	$	1,621	$	1,692	n/a		n/a
Accumulated benefit obligation	$	1,585	$	1,647	$	107	$	187
Fair value of plan assets	$	1,179	$	1,286	n/a		n/a

Net Periodic Cost (Income)

The components of net periodic cost (income) are as follows for the years ended December 31:



	Pension Benefits											Other Postretirement Benefits
	2018			2017				2016				2018			2017			2016
Service cost	$	21		$	37			$	18			$	2		$	2		$	2
Interest cost	71			51				34				5			6			5
Expected return on plan assets	(121		)	(81		)		(46		)		—			—			—
Amortization of prior service credit	—			—				—				(5		)	(3		)	(2		)
Amortization of net actuarial loss (gain)	10			12				14				(2		)	(2		)	—
Curtailment / settlement loss (gain)	2			(45		)	⁽²⁾	(26		)	⁽¹⁾	(5		)	2			(2		)
Net periodic cost (income)	$	(17	)	$	(26	)		$	(6	)		$	(5	)	$	5		$	3


⁽¹⁾	Primarily associated with two UK plans merging into the GE UK Pension Plan.

⁽²⁾

As a result of the acquisition of Baker Hughes, we obtained a non-contributory pension plan (the Baker Hughes Incorporated Pension Plan or BHIPP). In 2017, the Compensation Committee of the Board of Directors approved amendments to the BHIPP to close the plan to new participants and freeze accruals of future service-related benefits effective as of December 31, 2017. As a result of these actions, the Company recorded a curtailment gain of $45 million. The curtailment was recorded by the Company during the fourth quarter of 2017 and included in the “Other non-operating income (loss), net” caption of the consolidated and combined statements of income (loss).

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

Assumptions Used in Benefit Calculations

Accounting requirements necessitate the use of assumptions to reflect the uncertainties and the length of time over which the pension obligations will be paid. The actual amount of future benefit payments will depend upon when participants retire, the amount of their benefit at retirement and how long they live. To reflect the obligation in today’s dollars, we discount the future payments using a rate that matches the time frame over which the payments will be made. We also need to assume a long-term rate of return that will be earned on investments used to fund these payments.

Weighted average assumptions used to determine benefit obligations for these plans are as follows for the years ended December 31:



	Pension Benefits				Other Postretirement Benefits
	2018		2017		2018		2017
Discount rate	3.43	%	2.99	%	3.92	%	3.32	%
Rate of compensation increase	3.78	%	3.82	%	n/a		n/a

Weighted average assumptions used to determine net periodic cost for these plans are as follows for the years ended December 31:



	Pension Benefits						Other Postretirement Benefits
	2018		2017		2016		2018		2017		2016
Discount rate	2.99	%	3.24	%	3.83	%	3.32	%	3.72	%	4.25	%
Expected long-term return on plan assets	5.94	%	6.26	%	6.86	%	n/a		n/a		n/a

We determine the discount rate using a bond matching model, whereby the weighted average yields on high-quality fixed-income securities have maturities consistent with the timing of benefit payments. Lower discount rates increase the size of the benefit obligations and pension expense in the following year; higher discount rates reduce the size of the benefit obligation and subsequent-year pension expense. The compensation assumption is used in our active plans to estimate the annual rate at which pay of plan participants will grow. If the rate of growth assumed increases, the size of the pension obligations will increase.

The expected return on plan assets is the estimated long-term rate of return that will be earned on the investments used to fund the pension obligations. To determine this rate, we consider the current and target composition of plan investments, our historical returns earned, and our expectations about the future.

Assumed health care cost trend rates can have a significant effect on the amounts reported for Other Postretirement Benefits. As of December 31, 2018, the health care cost trend rate was 6.50%, declining gradually each successive year until it reaches 4.68%. A one percentage point change in assumed health care cost trend rates would have been immaterial in 2018.

Accumulated Other Comprehensive Loss

The amount recorded before-tax in accumulated other comprehensive loss related to employee benefit plans consists of the following at December 31:



	Pension Benefits				Other Postretirement Benefits
	2018		2017		2018			2017
Net actuarial loss (gain)	$	177	$	117	$	(29	)	$	(16	)
Net prior service cost (credit)	20		—		(18		)	(25		)
Total	$	197	$	117	$	(47	)	$	(41	)

The estimated net actuarial loss and prior service cost for the defined benefit pension plans that will be amortized from accumulated other comprehensive loss and included in net periodic benefit cost in 2019 is $15 million and $1 million, respectively. The estimated net actuarial gain and prior service credit for the other postretirement benefits that will be amortized from accumulated other comprehensive loss and included in net periodic benefit cost in 2019 is $7 million and $3 million, respectively.

Plan Assets

We have investment committees that meet regularly to review the portfolio returns and to determine asset-mix targets based on asset/liability studies. Third-party investment consultants assist such committees in developing asset allocation strategies to determine our expected rates of return and expected risk for various investment portfolios. The investment committees considered these strategies in the formal establishment of the current asset-mix targets based on the projected risk and return levels for all major asset classes.

The table below presents the fair value of the pension assets at December 31:



	2018		2017
Equity securities
U.S. equity securities ⁽¹⁾	$	215	$	207
Global equity securities ⁽¹⁾	338		551
Debt securities
Fixed income and cash investment funds	937		658
U.S. corporate	—		70
Other debt securities	4		55
Private equities	60		107
Real estate	35		44
Other investments ⁽²⁾	277		367
Total plan assets	$	1,866	$	2,059


⁽¹⁾	Include direct investments and investment funds.


⁽²⁾	Substantially all represented hedge fund and asset allocation fund investments.

Plan assets valued using Net Asset Value (NAV) as a practical expedient amounted to $1,802 million and $1,684 million as of December 31, 2018 and 2017, respectively. The percentages of plan assets valued using NAV by investment fund type for equity securities, fixed income and cash, and alternative investments were 30%, 48%, and 19% as of December 31, 2018, respectively, and 30%, 28%, and 24% as of December 31, 2017, respectively. Those investments that were measured at fair value using NAV as practical expedient were excluded from the fair value hierarchy. The practical expedient was not applied for investments with a fair value of $64 million and $375 million as of December 31, 2018 and 2017, respectively. There were no investments classified within Level 3 in 2018. Investments classified within Level 3 in 2017 were $86 million. The remaining investments were considered Level 1 and 2.

Funding Policy

The funding policy for our Pension Benefits is to contribute amounts sufficient to meet minimum funding requirements as set forth in employee benefit and tax laws plus such additional amounts as we may determine to be appropriate. In 2018, we contributed approximately $51 million. We expect to contribute approximately $22 million to our pension plans in 2019.

We fund our Other Postretirement Benefits on a pay-as-you-go basis. In 2018, we contributed $21 million to these plans. In 2019, we expect to contribute approximately $19 million to fund such benefits.

The following table presents the expected benefit payments over the next 10 years. The U.S. and non-U.S. pension benefit payments are made by the respective pension trust funds.



Year	Pension Benefits			Other Postretirement Benefits
2019		$	113		$	19
2020		109			17
2021		112			12
2022		113			9
2023		113			8
2024-2028		594			31

Defined Contribution Plans

Our primary defined contribution plan during 2018 was the Company sponsored U.S. 401(k) plan (401(k) Plan). The 401(k) Plan allows eligible employees to elect to contribute portions of their eligible compensation to an investment trust. Employee contributions are matched by the Company in cash at the rate of $1.00 per $1.00 employee contribution for the first 5% of the employee's eligible compensation, and such contributions vest immediately. In addition, we make cash contributions for all eligible employees of 4% of their eligible compensation and such contributions are fully vested to the employee after three years of employment. During 2018 and 2017, the legacy Baker Hughes employees participated in the 401(k) Plan whereas the legacy GE O&G employees continued to participate in the GE sponsored plan. The 401(k) Plan provides several investment options, for which the employee has sole investment discretion, however, the 401(k) Plan does not offer the Company's common stock as an investment option. Our costs for the 401(k) Plan and several other U.S. and non-U.S. defined contribution plans amounted to $137 million and $71 million, in 2018 and 2017, respectively. Beginning in 2019, certain legacy GE O&G employees are eligible to participate in our defined contribution plans, including our 401(k) Plan.

Other

We have two non-qualified defined contribution plans that are invested through trusts. The assets and corresponding liabilities were $233 million and $278 million at December 31, 2018 and 2017, respectively, and are included in "All other assets" and "Liabilities for pensions and other employee benefits" captions in our consolidated and combined statements of financial position.

Income Taxes

12 Months Ended

Dec. 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) that lowers the statutory tax rate on U.S. earnings, taxes historic foreign earnings previously deferred from U.S. taxation at a reduced rate of tax (transition tax), establishes a territorial tax system and enacts new taxes associated with global operations. The transition tax associated with our non-U.S. operations will be borne by our members.

The impact of U.S. tax reform was initially recorded on a provisional basis as the legislation provided for additional guidance to be issued by the U.S. Department of the Treasury on several provisions including the computation of the transition tax. Based on guidance received to date, finalization of purchase accounting for the Baker Hughes acquisition, and finalization of our 2017 U.S. income tax returns, we have recorded a $25 million tax expense in 2018.

Additionally, as part of U.S. tax reform, the U.S. has enacted a tax on "base eroding" payments from the U.S. and a minimum tax on foreign earnings (global intangible low-taxed income) that would be borne by our members. We have made an accounting policy election to account for these taxes as period costs.

The provision or benefit for income taxes is comprised of the following for the years ended December 31:



	2018			2017			2016
Current:
U.S.	$	27		$	(33	)	$	(114	)
Foreign	473			411			325
Total current	500			378			211
Deferred:
U.S.	127			(165		)	(5		)
Foreign	(225		)	(67		)	(33		)
Total deferred	(98		)	(232		)	(38		)
Provision for income taxes	$	402		$	146		$	173

The geographic sources of income (loss) before income taxes, inclusive of equity in loss of affiliate are as follows for the years ended December 31:



	2018			2017			2016
U.S.	$	(672	)	$	(1,189	)	$	(487	)
Foreign	1,213			843			845
Income (loss) before income taxes, inclusive of equity in loss of affiliate	$	541		$	(346	)	$	358

The benefit or provision for income taxes differs from the amount computed by applying the U.S. statutory income tax rate to the loss or income before income taxes for the reasons set forth below for the years ended December 31:



	2018			2017			2016
Income (loss) before income taxes, inclusive of equity in loss of affiliate	$	541		$	(346	)	$	358
Taxes at the U.S. federal statutory income tax rate	114			(121		)	125
Effect of foreign operations	103			(23		)	(2		)
Tax impact of partnership structure	109			275			—
Change in valuation allowances	59			69			28
Tax Cuts and Jobs Act enactment	25			(32		)	—
Other - net	(8		)	(22		)	22
Provision for income taxes	$	402		$	146		$	173
Actual income tax rate	74.3		%	(42.2		)%	48.3		%

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes, as well as operating loss and tax credit carryforwards.

The tax effects of our temporary differences and carryforwards are as follows at December 31:



	2018			2017
Deferred tax assets:
Receivables	$	117		$	98
Inventory	79			63
Property	191			144
Goodwill and other intangibles	132			—
Employee benefits	97			64
Other accrued expenses	74			91
Operating loss carryforwards	1,500			1,376
Tax credit carryforwards	173			147
Other	233			498
Total deferred income tax asset	2,596			2,481
Valuation allowances	(1,591		)	(1,845		)
Total deferred income tax asset after valuation allowance	1,005			636
Deferred tax liabilities:
Goodwill and other intangibles	—			(202		)
Undistributed earnings of foreign subsidiaries	(9		)	—
Other	(18		)	(51		)
Total deferred income tax liability	(27		)	(253		)
Net deferred tax asset	$	978		$	383

At December 31, 2018, we had approximately $141 million of non-U.S. tax credits which may be carried forward indefinitely under applicable foreign law and $32 million of other credits which will begin to expire after tax year 2033 under U.S. tax law. Additionally, we had $1,500 million of net operating loss carryforwards, of which approximately $319 million will expire within five years, $186 million will expire between six and 20 years, and the remainder can be carried forward indefinitely.

We record a valuation allowance when it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of the deferred tax assets depends on the ability to generate sufficient taxable income of the appropriate character in the future and in the appropriate taxing jurisdictions. At December 31, 2018, $1,591 million of valuation allowances are recorded against various deferred tax assets, including foreign net operating losses (NOL) of $1,253 million, foreign tax credit carryforwards of $141 million, other U.S. NOL's and tax credit carryforwards of $44 million, and certain other deferred tax assets of $153 million. There are $206 million of deferred tax assets related to foreign net operating loss carryforwards without a valuation allowance as we expect that the deferred tax assets will be realized within the carryforward period.

Substantially all of our undistributed earnings of our foreign subsidiaries are indefinitely reinvested. Due to the enactment of U.S. tax reform, repatriations of foreign earnings will generally be free of U.S. federal tax but may incur other taxes such as withholding or state taxes. Indefinite reinvestment is determined by management’s intentions concerning the future operations of the Company. Most of these earnings have been reinvested in active non-U.S. business operations. However, as a result of U.S. tax reform, substantially all of our prior unrepatriated foreign earnings were subject to U.S. tax and accordingly we expect to have the ability to repatriate those earnings without incremental U.S. federal tax cost. As a result of U.S. tax reform, we changed our intent regarding certain cash repatriations and have accrued an additional $9 million of foreign withholding taxes. As of December 31, 2018, the cumulative amount of indefinitely reinvested foreign earnings is approximately $6.3 billion. Computation of the potential deferred tax liability associated with these undistributed earnings and any other basis differences is not practicable.

At December 31, 2018, we had $472 million of tax liabilities for total gross unrecognized tax benefits related to uncertain tax positions. In addition to these uncertain tax positions, we had $91 million and $34 million related to interest and penalties, respectively, for total liabilities of $597 million for uncertain positions. If we were to prevail on all uncertain positions, the net effect would result in an income tax benefit of approximately $516 million. The remaining $81 million compromised of $21 million for deferred tax assets that represent tax benefits that would be received in different taxing jurisdictions in the event that we did not prevail on all uncertain tax positions and increased valuation allowances of $60 million.

The following table presents the changes in our gross unrecognized tax benefits included in the consolidated and combined statements of financial position.



Asset / (Liability)	2018			2017
Balance at beginning of year	$	(395	)	$	(94	)
Balance acquired from Baker Hughes	(142		)	(326		)
Additions for tax positions of the current year	(21		)	(13		)
Additions for tax positions of prior years	(95		)	(19		)
Reductions for tax positions of prior years	101			32
Settlements with tax authorities	35			14
Lapse of statute of limitations	45			11
Balance at end of year	$	(472	)	$	(395	)

It is expected that the amount of unrecognized tax benefits will change in the next twelve months due to expiring statutes, audit activity, tax payments, and competent authority proceedings related to transfer pricing or final decisions in matters that are the subject of litigation in various taxing jurisdictions in which we operate. At December 31, 2018, we had approximately $96 million of tax liabilities, net of $1 million of tax assets, related to uncertain tax positions, each of which are individually insignificant, and each of which are reasonably possible of being settled within the next twelve months.

We conduct business in more than 120 countries and are subject to income taxes in most taxing jurisdictions in which we operate. All Internal Revenue Service examinations have been completed and closed through year end 2015 for the most significant U.S. returns. We believe there are no other jurisdictions in which the outcome of unresolved issues or claims is likely to be material to our results of operations, financial position or cash flows. We further believe that we have made adequate provision for all income tax uncertainties.

Members' Equity

12 Months Ended

Dec. 31, 2018

Equity [Abstract]

Members' Equity

EQUITY

The BHGE LLC Agreement provides that initially there is one class of common units, which are currently held by BHGE and GE. If BHGE issues a share of Class A common stock, including in connection with an equity incentive or similar plan, BHGE LLC will also issue a corresponding common unit to BHGE or one of its direct subsidiaries. For the year ended December 31, 2018, we issued 1,492 thousand common units to BHGE in connection with the issuance of Class A common stock by BHGE.

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



	2018				2017
	Common Units Held by BHGE		Common Units Held by GE		Common Units Held by BHGE		Common Units Held by GE
Balance at beginning of year	422,208		706,985		—		—
Issue of units to BHGE on business combination at July 3, 2017	—		—		427,709		717,111
Issue of units to BHGE under equity incentive plan	1,492		—		546		—
Exchange of common units ⁽¹⁾	101,200		(101,200	)	—		—
Repurchase program ^{(2) (3)}	(11,501	)	(84,241	)	(6,047	)	(10,126	)
Balance at end of year	513,399		521,543		422,208		706,985

⁽¹⁾

In November 2018, BHGE completed an underwritten secondary public offering in which GE and its affiliates sold 101.2 million of its shares of Class A common stock. BHGE did not receive any proceeds from the shares sold by GE and its affiliates in this offering. The offering included the exchange of our common units (together with the corresponding shares of Class B common stock of BHGE) for Class A common stock of BHGE by GE and its affiliates per the Exchange Agreement.


⁽²⁾	In November 2017, BHGE's board of directors authorized us to repurchase up to $3 billion of our common units from BHGE and GE. The $3 billion repurchase authorization is the aggregate authorization for repurchases of BHGE's Class A common stock and Class B common stock together with its paired common unit. As of December 31, 2018, the stock repurchase program has been substantially completed.

⁽³⁾

During 2018, we repurchased and canceled 30,742,152 units for a total consideration of $1 billion. Additionally, in November 2018, we also repurchased 65 million of our common units from GE and its affiliates for an aggregate of $1,461 million, or $22.48 per unit, which is the same per unit price, net of discounts and commissions paid by the underwriters to GE and its affiliates in the underwritten public offering. In connection with this repurchase, the corresponding shares of Class B common stock of BHGE held by GE and its affiliates were canceled.

As a result of the exchange of BHGE's shares in the secondary offering and our common units repurchased in November 2018, GE's ownership of our common units reduced during the fourth quarter of 2018 from approximately 62.5% to approximately 50.4%.

ACCUMULATED OTHER COMPREHENSIVE LOSS (AOCL)

The following table presents 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, 2016	$	—		$	(1,795	)	$	(10	)	$	(83	)	$	(1,888	)
Other comprehensive income (loss) before reclassifications	41			(4		)	8			45			90
Amounts reclassified from accumulated other comprehensive income (loss)	(39		)	—			7			1			(31		)
Deferred taxes	2			(10		)	(3		)	9			(2		)
Other comprehensive income (loss)	4			(14		)	12			55			57
Less: Other comprehensive income attributable to noncontrolling interests	1			1			—			1			3
Less: Other adjustments	—			15			—			32			47
Balance at December 31, 2017	3			(1,825		)	2			(61		)	(1,881		)
Other comprehensive loss before reclassifications	(1		)	(502		)	(6		)	(70		)	(579		)
Amounts reclassified from accumulated other comprehensive income (loss)	—			—			1			5			6
Deferred taxes	(2		)	—			1			1			—
Other comprehensive loss	(3		)	(502		)	(4		)	(64		)	(573		)
Less: Other adjustments	—			—			—			8			8
Balance at December 31, 2018	$	—		$	(2,327	)	$	(2	)	$	(133	)	$	(2,462	)

The amounts reclassified from accumulated other comprehensive loss during the years ended December 31, 2018 and 2017 represent (i) realized gains (losses) on investment securities recorded in other non operating income, net (ii) gains (losses) reclassified on cash flow hedges when the hedged transaction occurs and (iii) the amortization of net actuarial loss and prior service credit, and curtailments which are included in the computation of net periodic pension cost (see "Note 11. Employee Benefit Plans" for additional details). Net periodic pension cost is recorded across the various cost and expense line items within the consolidated and combined statements of income (loss).

Financial Instruments

12 Months Ended

Dec. 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.



	2018										2017
	Level 1		Level 2			Level 3		Net Balance			Level 1		Level 2			Level 3		Net Balance
Assets
Derivatives	$	—	$	74		$	—	$	74		$	—	$	150		$	—	$	150
Investment securities	39		—			288		327			81		8			304		393
Total assets	39		74			288		401			81		158			304		543

Liabilities
Derivatives	—		(82		)	—		(82		)	—		(95		)	—		(95		)
Total liabilities	$	—	$	(82	)	$	—	$	(82	)	$	—	$	(95	)	$	—	$	(95	)

There were no transfers between Level 1, 2 and 3 during 2018.

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



	2018			2017
Balance at beginning of year	$	304		$	—
Additions as a result of business combination	—			179
Purchases	75			186
Proceeds at maturity	(90		)	(62		)
Unrealized gains (losses) recognized in accumulated other comprehensive income (loss)	(1		)	1
Balance at end of year	$	288		$	304

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. We hold $149 million and $127 million of these investment securities on behalf of GE at December 31, 2018 and December 31, 2017, respectively.



	2018								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 ⁽¹⁾	$	288	$	—	$	—	$	288	$	310	$	2	$	—	$	312
Equity securities ⁽²⁾	39		—		—		39		81		—		—		81
Total	$	327	$	—	$	—	$	327	$	391	$	2	$	—	$	393


⁽¹⁾	All of our investment securities are classified as available for sale instruments. Non-U.S. debt securities mature in four years.


⁽²⁾	Net unrealized gains (losses) recorded to earnings related to these securities were $(25) million and $30 million for the years ended December 31, 2018 and 2017, respectively.

FAIR VALUE DISCLOSURE OF FINANCIAL INSTRUMENTS

Our financial instruments include cash and equivalents, 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 December 31, 2018 and December 31, 2017 approximates their carrying value as reflected in our consolidated and combined financial statements. For further information on the fair value of our debt, see "Note 10. 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.



	2018					2017
	Assets		(Liabilities)			Assets		(Liabilities)
Derivatives accounted for as hedges
Currency exchange contracts	$	—	$	(7	)	$	6	$	—

Derivatives not accounted for as hedges
Currency exchange contracts	74		(75		)	144		(95		)
Total derivatives	$	74	$	(82	)	$	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 revenue 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.

Under hedge accounting, the derivative carrying amount is measured at fair value each period and any resulting gain or loss is recorded in a separate component of equity. Differences between the derivative and the hedged item may cause changes in their fair values to not offset completely, which is referred to as ineffectiveness. When the hedged transaction occurs, these amounts are released from equity, in order that the transaction will be reflected in earnings at the rate locked in by the derivative. The effect of the hedge is reported in the same financial statement line item as the earnings effects of the hedged transaction.

The following table explains the effect of changes in market rates on the fair value of derivatives we use most commonly in cash flow hedging arrangements.



Currency forwards/swaps	U.S. dollar strengthens	U.S. dollar weakens
Pay U.S. dollars/receive foreign currency	Fair value decreases	Fair value increases

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. The effects are reported in "Selling, general and administrative expenses" in the consolidated and combined statement of income (loss). In general, the income (loss) effects of the hedged item are recorded in the same consolidated and combined financial statement line as the derivative. The income (loss) effect of economic hedges, after considering offsets related to income (loss) effects of hedged assets and liabilities, is substantially offset by changes in the fair value of forecasted transactions that have not yet affected income (loss).

The table below explains the effects of market rate changes on the fair value of derivatives we use most commonly as economic hedges.



Currency forwards/swaps	U.S. dollar strengthens	U.S. dollar weakens
Pay U.S. dollars/receive foreign currency	Fair value decreases	Fair value increases
Receive U.S. dollars/pay foreign currency	Fair value increases	Fair value decreases

Commodity derivatives	Price increases	Price decreases
Receive commodity/ pay fixed price	Fair value increases	Fair value decreases

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 $6.4 billion and $10.2 billion at December 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 $2.8 billion at December 31, 2018 and $3.3 billion at December 31, 2017.

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



Carrying amount related to derivatives	2018			2017
Derivative assets	$	74		$	150
Derivative liabilities	(82		)	(95		)
Net derivatives	$	(8	)	$	55

EFFECTS OF DERIVATIVES ON EARNINGS

All derivatives are marked to fair value on our 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.



	2018						2017						2016
	Cash Flow Hedges			Economic Hedges			Cash Flow Hedges			Economic Hedges			Cash Flow Hedges			Economic Hedges
Effect on hedging instrument	$	(6	)	$	(4	)	$	8		$	121		$	38		$	(272	)
Effect on underlying	6			(34		)	(8		)	(152		)	(38		)	102
Effect on earnings ⁽¹⁾	—			(38		)	—			(31		)	—			(170		)


⁽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.



	Gain (Loss) Recognized in AOCI								Gain (Loss) Reclassified from AOCI to Earnings
	2018			2017		2016			2018			2017			2016
Currency exchange contracts	$	(6	)	$	8	$	(38	)	$	(1	)	$	(7	)	$	(37	)

We expect to transfer a loss of $3 million to earnings in the next 12 months contemporaneously with the earnings effects of the related forecast transactions. At December 31, 2018 and 2017, the maximum term of derivative instruments that hedge forecast transactions was two-years and three-years, respectively. See "Note 13. Members' 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

12 Months Ended

Dec. 31, 2018

Segment Reporting [Abstract]

Segment Information

SEGMENT INFORMATION

Our reportable segments, which are the same as our operating segments, are organized based on the nature of markets and customers. We report our operating results through our four operating segments that consist of similar products and services within each segment 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 year results, and balances, may not be comparable to prior years as the current year includes the results of Baker Hughes from July 3, 2017.



Segment revenue	2018		2017		2016
Oilfield Services	$	11,617	$	5,881	$	788
Oilfield Equipment	2,641		2,661		3,540
Turbomachinery & Process Solutions	6,015		6,295		6,668
Digital Solutions	2,604		2,342		2,086
Total	$	22,877	$	17,179	$	13,082

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, corporate expenses, restructuring, impairment and other charges, inventory impairments, merger and related costs, goodwill impairments and certain gains and losses not allocated to the operating segments.



Segment income (loss) before income taxes	2018			2017			2016
Oilfield Services	$	785		$	67		$	(207	)
Oilfield Equipment	—			26			305
Turbomachinery & Process Solutions	621			665			1,058
Digital Solutions	390			357			363
Total segment	1,796			1,115			1,519
Corporate	(405		)	(370		)	(375		)
Inventory impairment and related charges ⁽¹⁾	(105		)	(244		)	(138		)
Restructuring, impairment and other	(433		)	(412		)	(516		)
Merger and related costs	(153		)	(373		)	(33		)
Other non operating income, net	202			80			3
Interest expense, net	(223		)	(131		)	(102		)
Total	$	680		$	(335	)	$	358


⁽¹⁾	Inventory impairments and related charges are reported in the "Cost of goods sold" caption of the consolidated and combined statements of income (loss). 2017 includes $87 million of adjustments to write-up the acquired inventory to its estimated fair value on acquisition of Baker Hughes as this inventory was used or sold in the six months ended December 31, 2017.

The following table presents total assets by segment at December 31:



Segment assets	2018		2017
Oilfield Services	$	30,647	$	32,568
Oilfield Equipment	7,298		7,613
Turbomachinery & Process Solutions	8,529		9,147
Digital Solutions	4,063		3,830
Total segment	50,537		53,158
Corporate and eliminations ⁽¹⁾	1,697		3,178
Total	$	52,234	$	56,336


⁽¹⁾	Corporate and eliminations in total segment assets includes adjustments of intercompany investments and receivables that are reflected within the total assets of the four reportable segments.

The following table presents depreciation and amortization by segment for the years ended December 31:



Segment depreciation and amortization	2018		2017		2016
Oilfield Services	$	1,003	$	613	$	132
Oilfield Equipment	173		187		154
Turbomachinery & Process Solutions	156		174		186
Digital Solutions	112		119		78
Total Segment	1,444		1,093		550
Corporate	42		10		—
Total	$	1,486	$	1,103	$	550

The following table presents net property, plant and equipment by its geographic location at December 31:



Property, plant and equipment - net	2018		2017		2016
U.S.	$	2,654	$	3,369	$	833
Non-U.S.	3,574		3,590		1,492
Total	$	6,228	$	6,959	$	2,325

Related Party Transactions	12 Months Ended
Related Party Transactions	Dec. 31, 2018
Related Party Transactions [Abstract]
Related Party Transactions	RELATED PARTY TRANSACTIONS Our most significant related party transactions are transactions that we have entered into with our members and their affiliates. GE and its affiliates have provided and continue to provide a variety of services to us. We also enter into certain transactions with BHGE as provided in the BHGE LLC Agreement. 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 will 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. 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. We recognized a cost of $55 million and $28 million for the year ended December 31, 2018 and December 31, 2017, respectively, for services provided by GE and its affiliates subsequent to the close of the Transactions. Under the terms of the Master Agreement Framework, entered into on November 13, 2018, the annual intercompany services fee of $55 million that we agreed to pay GE as part of the Transactions will be reduced by 50% to $27.5 million per year beginning on January 1, 2019. The intercompany services agreement will terminate 90 days following the Trigger Date. See further discussion below. We sold products and services to GE and its affiliates for $363 million, $639 million and $374 million during the years ended December 31, 2018, 2017 and 2016, respectively. Purchases from GE and its affiliates were $1,791 million, $1,512 million and $978 million during the years ended December 31, 2018, 2017 and 2016, respectively. 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 $103 million and $210 million for the year ended December 31, 2017 and 2016, respectively, were recorded in our consolidated and combined statements of income (loss) in respect of services provided by GE and its affiliates prior to the close of the Transactions. MASTER AGREEMENT FRAMEWORK In June 2018, GE announced their intention to pursue an orderly separation from BHGE over time. On November 13, 2018, we entered into a Master Agreement and a series of related ancillary agreements and binding term sheets with GE and BHGE (collectively, the Master Agreement Framework) designed to further solidify the commercial and technological collaborations between us and GE and to facilitate our ability to transition from operating as a controlled company. In particular, the Master Agreement Framework contemplates long-term agreements between us, BHGE and GE on technology, fulfillment and other key areas to provide greater clarity to customers, employees and members. Key elements of the Master Agreement Framework include: Secured long-term collaboration on critical rotating equipment Under the terms of the Master Agreement Framework, we have defined the parameters for a long-term collaboration and strategic relationship with GE on certain critical rotating equipment products. We have entered into an aero-derivative joint venture (JV) binding term sheet with GE to form a JV relating to the parties’ respective aero-derivative gas turbine products and services. The JV is expected to become effective, subject to regulatory clearances and other customary closing conditions, on the date (the Trigger Date) that is the later of (i) July 3, 2019 and (ii) the date on which GE and its affiliates cease to own more than 50% of the voting power of BHGE’s outstanding common stock. These jet engine aero-derivative products are mainly used in our LNG, onshore-offshore production, pipeline and industrial segments within our Turbomachinery & Process Solutions segment and by GE in its power generation business. GE and we will contribute certain assets, inventory and service facilities into the JV and both companies will jointly control operations. The JV will have a supply and technology development agreement with GE’s aviation business (GE Aviation), which will revise and extend pricing arrangements as compared to BHGE’s existing supply agreement, and which will become effective at the Trigger Date. Additionally, we have entered into an industrial steam turbine binding term sheet with GE, which, among other things, sets forth the terms on which BHGE LLC would be granted an option, exercisable following completion of any applicable information and consultation processes with employee representative bodies, to transfer certain of its assets, liabilities and employees that are related to BHGE LLC’s existing business of developing, designing, engineering, marketing, supplying, installing and servicing certain industrial steam turbine product lines to GE. In parallel, we have also entered into a binding term sheet for the long-term supply and related distribution arrangement with GE for heavy-duty gas turbine technology at the current pricing levels, which will become effective at the Trigger Date. The heavy-duty gas turbine technologies are important components of BHGE TPS’ offerings and the long-term agreements provide greater clarity on the commercial approach and customer fulfillment, and will enable BHGE and GE to jointly innovate on leading technology. Preserved access to GE Digital software & technology As part of the Master Agreement Framework, BHGE has agreed with GE Digital to maintain, subject to certain conditions, BHGE's current status as the exclusive reseller of GE Digital offerings in the oil & gas space, and BHGE will continue to source exclusively from GE Digital for certain GE Digital offerings for oil and gas applications. As part of this agreement, BHGE and GE Digital have revised and extended certain pricing arrangements and have established service level obligations. Other key agreements • GE and BHGE agreed to maintain current operations and pricing levels with regards to Control upgrade services we offer through our Digitals Solution segment division for the four years commencing on the Trigger Date. • GE will transfer to BHGE certain UK pension liabilities related to the oil and gas businesses of BHGE and certain specified former oil and gas businesses of GE on what is intended to be a fully funded basis (using agreed upon actuarial assumptions). No liabilities associated with GE’s broad-based U.S. defined benefit pension plan will be transferred to us. • The Tax Matters Agreement with GE that was negotiated at the time of the Transactions will be clarified but otherwise will remain substantially in place, and both companies retain the ability to monetize certain tax benefits. • Under the terms of the Master Agreement Framework, the annual intercompany services fee of $55 million that we agreed to pay GE as part of the Transactions will be reduced by 50% to $27.5 million per year beginning on January 1, 2019. The intercompany services agreement will terminate 90 days following the Trigger Date (except with respect to certain tools access). In connection with the Master Agreement Framework, BHGE has agreed to terminate the transfer restrictions previously applicable to GE under the Stockholders Agreement, dated as of July 3, 2017, by and between BHGE and GE, as amended from time to time (the Stockholders Agreement). The transfer restrictions prohibited GE from transferring any shares of BHGE's common stock prior to July 3, 2019 (except to its affiliates) without the approval of the Conflicts Committee of BHGE board of directors. Other provisions of the Stockholders Agreement, including continuing restrictions on certain private transfers of shares of BHGE's common stock by GE, and approval requirements for related party transactions, remain in effect. In addition, the Stockholders Agreement was amended and restated to provide that, following the Trigger Date and until GE and its affiliates own less than 20% of the voting power of BHGE outstanding common stock, GE shall be entitled to designate one person for nomination to BHGE board of directors. OTHER RELATED PARTY In connection with the Transactions, on July 3, 2017, we executed a promissory note with GE that represents certain cash that we are holding on GE's behalf due to the restricted nature of the cash. The restriction arises as the majority of the 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. There is no maturity date on the promissory note, but we remain obligated to repay GE, therefore, this obligation is reflected as short-term borrowings. As of December 31, 2018, of the $896 million due to GE, $747 million was held in the form of cash and $149 million was held in the form of investment securities. As of December 31, 2017, of the $1,124 million due to GE, $997 million was held in the form of cash and $127 million was held in the form of investment securities. A corresponding liability is reported in short-term borrowings in the consolidated and combined statements of financial position. The Company has $538 million and $575 million of accounts payable at December 31, 2018 and 2017, respectively, for goods and services provided by GE in the ordinary course of business. The Company has $746 million and $915 million of current receivables at December 31, 2018 and 2017, respectively, for goods and services provided to GE in the ordinary course of business. Additionally, the Company has $93 million of current receivables at December 31, 2018 from BHGE. 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. 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 invoices eligible for a cash discount. Our liability associated with the funded participation in the accounts payable programs, which is presented as accounts payable within the consolidated and combined statements of financial position, was $471 million and $293 million as of December 31, 2018 and December 31, 2017, respectively. On January 16, 2019, GE announced the sale of GE Capital’s accounts payable program platform to a third-party and their intent to start transitioning their existing program to an accounts payable program with that party. As a GE affiliate, we are covered under the agreement. INCOME TAXES At closing of the Transactions, 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 will be 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 $31 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) GE will be 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, and (ii) BHGE or BHGE LLC will be 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. 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 which are currently estimated to be $31 million. Thereafter, these tax benefits will be shared by GE and BHGE in accordance with their economic ownership of BHGE LLC. 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	12 Months Ended
Commitments and Contingencies	Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIES LEASES At December 31, 2018, we had long-term non-cancelable operating leases covering certain facilities and equipment. The minimum annual rental commitments, net of amounts due under subleases, for each of the five years in the period ending December 31, 2023 are $186 million, $154 million, $108 million, $77 million and $55 million, respectively, and $266 million in the aggregate thereafter. Rent expense was $579 million, $360 million and $200 million for the years ended December 31, 2018, 2017 and 2016, respectively. We did not enter into any significant capital leases during the three years ended December 31, 2018. 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. 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 alleged damages of €202 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. On June 7, 2018, the DIS arbitration panel issued a confidential Arbitration Ruling which addressed all claims asserted by the customer. The estimated financial impact of the Arbitration Ruling has been reflected in the Company's financial statements and did not have a material impact. The Company is vigorously contesting the claims made by TRIUVA in the Houston Federal Court. At this time, we are not able to predict the outcome of the claims asserted in the Houston Federal Court. 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; 7,543,634; 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. On September 26, 2018, the USPTO issued its final written decision in the inter-partes review of U.S. Patent No. 7,134,505 finding all of the challenged claims unpatentable. On September 27, 2018, the USPTO issued its final written decision in the inter-partes review of U.S. Patent No. 7,543,634 finding all of the challenged claims unpatentable. 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. On July 12, 2018, the parties entered a Confidential Settlement Agreement and Release of all claims asserted by the two shareholders. The Settlement Agreement does not have a material impact on the Company's financial statements. 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. On September 13, 2018, the District Court entered an Order granting GEIS’ Motion for Summary Judgment dismissing Saniteq LLC’s claims in their entirety as a matter of law. Saniteq LLC filed a notice of appeal from the District Court’s Judgment. On February 6, 2019, the parties entered a Confidential Settlement Agreement and Release of all claims. The Settlement Agreement does not have a material impact on the Company's financial statements. 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. On July 31, 2018, International Engineering & Construction S.A. (IEC) initiated arbitration proceedings in New York administered by the International Center for Dispute Resolution (ICDR) against the Company and its subsidiaries arising out of a series of sales and service contracts entered between IEC and the Company’s subsidiaries for the sale and installation of LNG plants and related power generation equipment in Nigeria (Contracts). Prior to the filing of the IEC Arbitration, the Company’s subsidiaries made demands for payment due under the Contracts. On August 15, 2018, the Company’s subsidiaries initiated a separate demand for ICDR arbitration against IEC for claims of additional costs and amounts due under the Contracts. On October 10, 2018, IEC filed a Petition to Compel Arbitration in the United States District Court for the Southern District of New York against the Company seeking to compel non-signatory BHGE entities to participate in the arbitration filed by IEC. The complaint is captioned International Engineering & Construction S.A. et al. v. Baker Hughes, a GE Company LLC, et al. No. 18-cv-09241 (S.D.N.Y 2018). IEC alleges breach of contract and other claims against the Company and its subsidiaries and seeks recovery of alleged compensatory damages, in addition to reasonable attorneys' fees, expenses and arbitration costs. IEC alleges that its total damages may exceed $500 million. The Company intends to vigorously contest the claims made by IEC in the arbitration and litigation proceedings. At this time, we are not able to predict the outcome of these claims. 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. ENVIRONMENTAL MATTERS Estimated remediation costs are accrued using currently available facts, existing environmental permits, technology and enacted laws and regulations. Our cost estimates are developed based on internal evaluations and are not discounted. Accruals are recorded when it is probable that we will be obligated to pay for environmental site evaluation, remediation or related activities, and such costs can be reasonably estimated. As additional information becomes available, accruals are adjusted to reflect current cost estimates. Ongoing environmental compliance costs, such as obtaining environmental permits, installation of pollution control equipment and waste disposal are expensed as incurred. Where we have been identified as a potentially responsible party in a U.S. federal or state Comprehensive Environmental Response, Compensation and Liability Act (Superfund) site, we accrue our share of the estimated remediation costs of the site. This share is based on the ratio of the estimated volume of waste we contributed to the site to the total volume of waste disposed at the site. 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 $3.6 billion at December 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. We also had commitments outstanding for purchase obligations for each of the five years in the period ending December 31, 2023 of $1,388 million, $51 million, $35 million, $20 million and $5 million, respectively, and $8 million in the aggregate thereafter.

Restructuring, Impairment and Other

12 Months Ended

Dec. 31, 2018

Restructuring and Related Activities [Abstract]

Restructuring, Impairment and Other

RESTRUCTURING, IMPAIRMENT AND OTHER

We recorded restructuring, impairment and other charges of $433 million, $412 million, and $516 million during the years ended December 31, 2018, 2017 and 2016, 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 $304 million, $385 million and $293 million for the years ended December 31, 2018, 2017 and 2016, respectively. These restructuring initiatives are expected to generate charges of approximately $82 million as these restructuring plans come to completion.

These charges are included in the "Restructuring, impairment and other" caption in the consolidated and combined statements of income (loss).

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



	2018		2017		2016
Oilfield Services	$	160	$	187	$	122
Oilfield Equipment	25		114		52
Turbomachinery & Process Solutions	71		21		58
Digital Solutions	17		34		34
Corporate	31		29		27
Total	$	304	$	385	$	293

These costs were primarily related to product line terminations, facility 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.



	2018		2017		2016
Property, plant & equipment, net	$	80	$	131	$	93
Employee-related termination expenses	123		186		111
Asset relocation costs	28		10		17
EHS remediation costs	6		9		20
Contract termination fees	44		26		37
Other incremental costs	23		23		15
Total	$	304	$	385	$	293

OTHER CHARGES

Other charges included in "Restructuring, impairment and other" caption of the consolidated and combined statements of income (loss) was $129 million, $27 million and $223 million for the years ended December 31, 2018, 2017 and 2016, respectively. In 2018, other charges consist primarily of accelerated amortization of $80 million related to trade names and technology in our OFS segment, litigation charges of $25 million in Corporate and costs of $13 million to exit certain operations that impacted our TPS and OFS segments. In 2017 and 2016, other charges primarily include currency devaluation charges of $12 million and $138 million, respectively, largely driven by significant currency devaluations in Angola and Nigeria.

Supplementary Information

12 Months Ended

Dec. 31, 2018

Other Liabilities Disclosure [Abstract]

Supplementary Information

SUPPLEMENTARY INFORMATION

All Other Current Liabilities

All other current liabilities as of December 31, 2018 and 2017 include $951 million and $881 million, respectively, of employee related liabilities.

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:



	2018			2017
Balance at beginning of year	$	164		$	74
Provisions	47			37
Expenditures	(96		)	(44		)
Other ⁽¹⁾	121			97
Balance at end of year	$	236		$	164


⁽¹⁾	Primarily related to the acquisition of Baker Hughes.

Allowance for doubtful accounts

The change in allowance for doubtful accounts is as follows:



	2018			2017
Balance at beginning of year	$	330		$	186
Additions	47			159
Amounts written off	(43		)	(23		)
Other	(7		)	8
Balance at end of year	$	327		$	330

Quarterly Data (Unaudited)

12 Months Ended

Dec. 31, 2018

Quarterly Financial Data [Abstract]

Quarterly Data (Unaudited)

QUARTERLY DATA (UNAUDITED)



(In millions, except per unit amounts)	First Quarter			Second Quarter			Third Quarter			Fourth Quarter			Total Year
2018
Revenue	$	5,399		$	5,548		$	5,665		$	6,264		$	22,877
Gross profit ⁽¹⁾	841			936			973			1,236			3,986
Restructuring, impairment and other ⁽²⁾	162			146			66			59			433
Merger and related costs	46			50			17			41			153
Net income (loss) attributable to Baker Hughes, a GE company, LLC	(143		)	(51		)	38			276			120
Cash distribution per common unit	0.18			0.18			0.18			0.18			0.72

2017
Revenue	$	3,064		$	3,015		$	5,301		$	5,799		$	17,179
Gross profit ⁽¹⁾	687			539			952			858			3,036
Restructuring, impairment and other ⁽²⁾	42			59			191			119			412
Merger and related costs	66			85			159			63			373
Net income (loss) attributable to Baker Hughes, a GE company, LLC	68			(25		)	(361		)	(181		)	(499		)
Cash distribution per common unit	—			—			0.17			0.18			0.35


⁽¹⁾	Represents revenue less cost of sales and cost of services.


⁽²⁾	Restructuring, impairment and other costs associated with asset impairments, workforce reductions, facility closures and contract terminations recorded during 2018 and 2017. See "Note 18. Restructuring, Impairment and Other" for further discussion.

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

12 Months Ended

Dec. 31, 2018

Accounting Policies [Abstract]

BASIS OF PRESENTATION

Use of Estimates

Foreign Currency

Investments in Equity Securities

Revenue from Sale of Equipment and Sale of Services

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

Research and Development

Cash, Cash Equivalents and Restricted Cash

Short-term investments with original maturities of three months or less are included in cash equivalents unless designated as available-for-sale and classified as investment securities.

Allowance for Doubtful Accounts

Concentration of Credit Risk

Inventories

Property, Plant And Equipment (PP&E)

Property, Plant and Equipment (PP&E)

Other Intangible Assets

Impairment of Goodwill

Impairment of Other Long-Lived Assets

Financial Instruments

Our financial instruments include cash and equivalents, current receivables, investments, accounts payables, short and long-term debt, and derivative financial instruments.

Fair Value Measurements


•	Level 1 - Quoted prices for identical instruments in active markets.


•	Level 2 - Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable.


•	Level 3 - Significant inputs to the valuation model are unobservable.

Recurring Fair Value Measurements

Derivatives

Investments in Debt and Equity Securities

Non-Recurring Fair Value Measurements

Investments in Equity Securities

Long-lived Assets

Income Taxes

Environmental Liabilities

NEW ACCOUNTING STANDARDS ADOPTED AND TO BE ADOPTED

NEW ACCOUNTING STANDARDS ADOPTED

Impact of Adoption

The change in historical periods to our consolidated and combined statements of income (loss) related to the adoption of the standard is summarized below:



	Year Ended
	December 31, 2017			December 31, 2016
Revenue:
Sales of goods	$	163		$	(26	)
Sales of services	(243		)	(161		)
Total revenue	(80		)	(187		)

Operating loss	(175		)	(226		)
Net loss and net loss attributable to BHGE LLC	(150		)	(149		)

The increase (decrease) to our historical 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		)
Total equity	763

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 consolidated and combined statements of income (loss) related to the adoption of ASU No. 2017-07 is summarized below:

NEW ACCOUNTING STANDARDS TO BE ADOPTED

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

12 Months Ended

Dec. 31, 2018

Accounting Policies [Abstract]

Schedule of new accounting pronouncements

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

The increase (decrease) to our historical 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		)
Total equity	763

The change in historical periods to our consolidated and combined statements of income (loss) related to the adoption of the standard is summarized below:



	Year Ended
	December 31, 2017			December 31, 2016
Revenue:
Sales of goods	$	163		$	(26	)
Sales of services	(243		)	(161		)
Total revenue	(80		)	(187		)

Operating loss	(175		)	(226		)
Net loss and net loss attributable to BHGE LLC	(150		)	(149		)

Revenue Related to Contracts With Customers (Tables)

12 Months Ended

Dec. 31, 2018

Disaggregated revenue from contracts with customers by primary geographical markets

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



Total Revenue	2018		2017		2016
U.S.	$	6,576	$	4,409	$	3,156
Non-U.S.	16,301		12,770		9,926
Total	$	22,877	$	17,179	$	13,082

Business Acquisition and Disposition (Tables)

12 Months Ended

Dec. 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	1,712
Property, plant and equipment	4,514
Intangible assets ⁽¹⁾	4,005
Deferred income taxes ⁽²⁾	30
All other assets	1,335
Liabilities
Accounts payable	$	(1,213	)
Borrowings	(3,370		)
Liabilities for pension and other postretirement benefits	(654		)
All other liabilities	(1,670		)
Total identifiable net assets	$	11,164
Noncontrolling interest associated with net assets acquired	(35		)
Goodwill ⁽³⁾	13,669
Total purchase consideration	$	24,798

⁽¹⁾



	Estimated Fair Value		Estimated Weighted Average Life (Years)
Trademarks - Baker Hughes	$	2,100	Indefinite life
Customer relationships	1,240		15
Patents and technology	465		10
In-process research and development	70		Indefinite life
Capitalized software	64		2
Trade names - other	45		10
Favorable lease contracts & others	21		10
Total	$	4,005


⁽²⁾	Includes approximately $83 million of net deferred tax liabilities related to the fair value of intangible assets included in the purchase consideration and approximately $113 million of other net deferred tax assets, including non-U.S. loss carryforwards net of valuation allowances partially offset by liabilities for unrecognized benefits.

⁽³⁾

Pro forma information



	2017			2016
Revenue	$	21,841		$	22,915
Net loss	(586		)	(2,883		)
Net loss attributable to the Company	(592		)	(2,816		)

Current Receivables (Tables)

12 Months Ended

Dec. 31, 2018

Receivables [Abstract]

Current receivables

Current receivables are comprised of the following at December 31:



	2018			2017
Customer receivables	$	4,974		$	4,700
Related parties	746			915
Other	669			844
Total current receivables	6,389			6,459
Less: Allowance for doubtful accounts	(327		)	(330		)
Total current receivables, net	$	6,062		$	6,129

The change in allowance for doubtful accounts is as follows:



	2018			2017
Balance at beginning of year	$	330		$	186
Additions	47			159
Amounts written off	(43		)	(23		)
Other	(7		)	8
Balance at end of year	$	327		$	330

Inventories (Tables)

12 Months Ended

Dec. 31, 2018

Inventory, Net [Abstract]

Inventories, net of reserves

Inventories, net of reserves of $430 million and $360 million in 2018 and 2017, respectively, are comprised of the following at December 31:



	2018		2017
Finished goods	$	2,575	$	2,577
Work in process and raw materials	2,045		1,930
Total inventories, net	$	4,620	$	4,507

Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2018

Property, Plant and Equipment [Abstract]

Property, plant and equipment

Property, plant and equipment are comprised of the following at December 31:



	Useful Life	2018		2017
Land and improvements ⁽¹⁾	8 - 20 years ⁽¹⁾	$	432	$	413
Buildings, structures and related equipment	5 - 40 years	2,854		3,168
Machinery, equipment and other	2 - 20 years	6,567		6,195
Total cost		9,853		9,776
Less: Accumulated depreciation		3,625		2,817
Property, plant and equipment, less accumulated depreciation		$	6,228	$	6,959


⁽¹⁾	Useful life excludes land.

Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 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
Acquisitions and purchase accounting adjustments ⁽¹⁾	12,778			—			—			—			12,778
Currency exchange and others	8			49			92			47			196
Balance at December 31, 2017	12,932			3,034			1,906			1,782			19,654
Acquisitions and purchase accounting adjustments ⁽¹⁾	(157		)	293			394			429			959
Currency exchange and others	(26		)	(17		)	(114		)	(33		)	(190		)
Balance at December 31, 2018	$	12,749		$	3,310		$	2,186		$	2,178		$	20,423

⁽¹⁾

Schedule of finite-lived intangible assets

Intangible assets are comprised of the following at December 31:



	2018							2017
	Gross Carrying Amount		Accumulated Amortization			Net		Gross Carrying Amount		Accumulated Amortization			Net
Technology	$	1,107	$	(526	)	$	581	$	1,177	$	(440	)	$	737
Customer relationships	3,085		(944		)	2,141		3,202		(819		)	2,383
Capitalized software	1,118		(824		)	294		1,130		(697		)	433
Trade names and trademarks	698		(229		)	469		757		(159		)	598
Other	14		(2		)	12		10		—			10
Finite-lived intangible assets	6,022		(2,525		)	3,497		6,276		(2,115		)	4,161
Indefinite-lived intangible assets ⁽¹⁾	2,222		—			2,222		2,197		—			2,197
Total intangible assets	$	8,244	$	(2,525	)	$	5,719	$	8,473	$	(2,115	)	$	6,358


⁽¹⁾	Indefinite-lived intangible assets principally comprise trade names and trademarks acquired in business combinations.

Schedule of indefinite-lived intangible assets

Intangible assets are comprised of the following at December 31:



	2018							2017
	Gross Carrying Amount		Accumulated Amortization			Net		Gross Carrying Amount		Accumulated Amortization			Net
Technology	$	1,107	$	(526	)	$	581	$	1,177	$	(440	)	$	737
Customer relationships	3,085		(944		)	2,141		3,202		(819		)	2,383
Capitalized software	1,118		(824		)	294		1,130		(697		)	433
Trade names and trademarks	698		(229		)	469		757		(159		)	598
Other	14		(2		)	12		10		—			10
Finite-lived intangible assets	6,022		(2,525		)	3,497		6,276		(2,115		)	4,161
Indefinite-lived intangible assets ⁽¹⁾	2,222		—			2,222		2,197		—			2,197
Total intangible assets	$	8,244	$	(2,525	)	$	5,719	$	8,473	$	(2,115	)	$	6,358


⁽¹⁾	Indefinite-lived intangible assets principally comprise trade names and trademarks acquired in business combinations.

Schedule of finite-lived intangible assets, future amortization expense

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



Year	Estimated Amortization Expense
2019	$	348
2020	316
2021	267
2022	225
2023	213

Contract and Other Deferred Assets (Tables)

12 Months Ended

Dec. 31, 2018

Revenue Recognition and Deferred Revenue [Abstract]

Contract assets

Contract assets are comprised of the following at December 31:



	2018		2017
Long-term product service agreements	$	609	$	589
Long-term equipment contracts ⁽¹⁾	1,085		1,095
Contract assets (total revenue in excess of billings) ⁽²⁾	1,694		1,684
Deferred inventory costs ⁽³⁾	179		360
Non-recurring engineering costs	21		—
Contract and other deferred assets	$	1,894	$	2,044


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


⁽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 for which the criteria for revenue recognition has not yet been met.

Contract liabilities are comprised of the following:



	2018		2017
Progress collections	$	1,600	$	1,456
Deferred income	165		319
Progress collections and deferred income (contract liabilities) ⁽¹⁾	$	1,765	$	1,775


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

Progress Collections and Deferred Income (Tables)

12 Months Ended

Dec. 31, 2018

Contract liabilities

Contract assets are comprised of the following at December 31:



	2018		2017
Long-term product service agreements	$	609	$	589
Long-term equipment contracts ⁽¹⁾	1,085		1,095
Contract assets (total revenue in excess of billings) ⁽²⁾	1,694		1,684
Deferred inventory costs ⁽³⁾	179		360
Non-recurring engineering costs	21		—
Contract and other deferred assets	$	1,894	$	2,044


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


⁽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 for which the criteria for revenue recognition has not yet been met.

Contract liabilities are comprised of the following:



	2018		2017
Progress collections	$	1,600	$	1,456
Deferred income	165		319
Progress collections and deferred income (contract liabilities) ⁽¹⁾	$	1,765	$	1,775


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

Borrowings (Tables)

12 Months Ended

Dec. 31, 2018

Debt Disclosure [Abstract]

Short-term and long-term borrowings

Short-term and long-term borrowings are comprised of the following at December 31:



	2018				2017
	Amount		Weighted Average Rate⁽¹⁾		Amount		Weighted Average Rate⁽¹⁾
Short-term borrowings
Short-term bank borrowings	$	—	n/a		$	171	12.6	%
Current portion of long-term borrowings	—		n/a		639		2.1	%
Short-term borrowings from GE	896		n/a		1,124		n/a
Other short-term borrowings	46		9.9	%	103		7.6	%
Total short-term borrowings	942				2,037

Long-term borrowings
3.2% Senior Notes due August 2021 ⁽²⁾	523		2.5	%	526		2.5	%
2.773% Senior Notes due December 2022	1,245		2.9	%	1,244		2.9	%
8.55% Debentures due June 2024 ⁽²⁾	131		4.1	%	135		3.9	%
3.337% Senior Notes due December 2027	1,343		3.4	%	1,342		3.4	%
6.875% Notes due January 2029 ⁽²⁾	294		3.9	%	308		3.9	%
5.125% Notes due September 2040 ⁽²⁾	1,306		4.2	%	1,311		4.1	%
4.080% Senior Notes due December 2047	1,336		4.1	%	1,337		4.1	%
Capital leases	103		5.4	%	87		7.0	%
Other long-term borrowings	4		3.8	%	22		1.9	%
Total long-term borrowings	6,285				6,312
Total borrowings	$	7,227			$	8,349


⁽¹⁾	Weighted average effective interest rate is based on the carrying value including step-up adjustments, as applicable, recorded upon the acquisition of Baker Hughes as of December 31, 2018 and 2017.


⁽²⁾	Represents long-term fixed rate debt obligations assumed in connection with the acquisition of Baker Hughes, net of amounts repurchased subsequent to the closing of the Transactions.

Schedule of maturities of debt

Maturities of debt for each of the five years in the period ended December 31, 2023, and in the aggregate thereafter, are listed in the table below:



	2019		2020		2021		2022		2023		Thereafter
Total debt	$	942	$	34	$	549	$	1,256	$	11	$	4,435

Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2018

Retirement Benefits [Abstract]

Defined benefit plan funded status of plan

Below is the reconciliation of the beginning and ending balances of benefit obligations, fair value of plan assets and the funded status of our plans.



	Pension Benefits						Other Postretirement Benefits
	2018			2017			2018			2017
Change in benefit obligation:
Benefit obligation at beginning of year	$	2,418		$	820		$	187		$	117
Service cost	21			37			2			2
Interest cost	71			51			5			6
Plan amendment	20			—			1			(23		)
Actuarial loss (gain)	(93		)	41			(23		)	—
Benefits paid	(67		)	(65		)	(21		)	(13		)
Curtailments	(7		)	(45		)	(5		)	5
Settlements	(59		)	(10		)	—			—
Business acquisition ⁽¹⁾	—			1,546			—			93
Other	16			(2		)	(39		)	—
Foreign currency translation adjustments	(59		)	45			—			—
Benefit obligation at end of year	2,261			2,418			107			187

Change in plan assets:
Fair value of plan assets at beginning of year	2,059			567			—			—
Actual return on plan assets	(60		)	152			—			—
Employer contributions	51			50			21			13
Benefits paid	(67		)	(65		)	(21		)	(13		)
Settlements	(59		)	(10		)	—			—
Business acquisition ⁽¹⁾	—			1,342			—			—
Other	(9		)	(2		)	—			—
Foreign currency translation adjustments	(49		)	25			—			—
Fair value of plan assets at end of year	1,866			2,059			—			—

Funded status - underfunded at end of year	$	(395	)	$	(359	)	$	(107	)	$	(187	)

Accumulated benefit obligation	$	2,225		$	2,373		$	107		$	187


⁽¹⁾	Relates to the acquisition of Baker Hughes on July 3, 2017.

Amounts recognized in the consolidated balance sheets

The amounts recognized in the consolidated and combined statements of financial position consist of the following at December 31:



	Pension Benefits						Other Postretirement Benefits
	2018			2017			2018			2017
Noncurrent assets	$	47		$	46		$	—		$	—
Current liabilities	(13		)	(10		)	(19		)	(24		)
Noncurrent liabilities	(429		)	(395		)	(88		)	(163		)
Net amount recognized	$	(395	)	$	(359	)	$	(107	)	$	(187	)

Accumulated benefit obligations in excess of plan assets

Information for the plans with ABOs in excess of plan assets is as follows at December 31:



	Pension Benefits				Other Postretirement Benefits
	2018		2017		2018		2017
Projected benefit obligation	$	1,621	$	1,692	n/a		n/a
Accumulated benefit obligation	$	1,585	$	1,647	$	107	$	187
Fair value of plan assets	$	1,179	$	1,286	n/a		n/a

Schedule of net period costs (income)

The components of net periodic cost (income) are as follows for the years ended December 31:



	Pension Benefits											Other Postretirement Benefits
	2018			2017				2016				2018			2017			2016
Service cost	$	21		$	37			$	18			$	2		$	2		$	2
Interest cost	71			51				34				5			6			5
Expected return on plan assets	(121		)	(81		)		(46		)		—			—			—
Amortization of prior service credit	—			—				—				(5		)	(3		)	(2		)
Amortization of net actuarial loss (gain)	10			12				14				(2		)	(2		)	—
Curtailment / settlement loss (gain)	2			(45		)	⁽²⁾	(26		)	⁽¹⁾	(5		)	2			(2		)
Net periodic cost (income)	$	(17	)	$	(26	)		$	(6	)		$	(5	)	$	5		$	3


⁽¹⁾	Primarily associated with two UK plans merging into the GE UK Pension Plan.

⁽²⁾

Weighted average assumptions used to determine benefit obligations

Weighted average assumptions used to determine benefit obligations for these plans are as follows for the years ended December 31:



	Pension Benefits				Other Postretirement Benefits
	2018		2017		2018		2017
Discount rate	3.43	%	2.99	%	3.92	%	3.32	%
Rate of compensation increase	3.78	%	3.82	%	n/a		n/a

Weighted average assumptions used to determine net periodic cost

Weighted average assumptions used to determine net periodic cost for these plans are as follows for the years ended December 31:



	Pension Benefits						Other Postretirement Benefits
	2018		2017		2016		2018		2017		2016
Discount rate	2.99	%	3.24	%	3.83	%	3.32	%	3.72	%	4.25	%
Expected long-term return on plan assets	5.94	%	6.26	%	6.86	%	n/a		n/a		n/a

Accumulated other comprehensive loss

The amount recorded before-tax in accumulated other comprehensive loss related to employee benefit plans consists of the following at December 31:



	Pension Benefits				Other Postretirement Benefits
	2018		2017		2018			2017
Net actuarial loss (gain)	$	177	$	117	$	(29	)	$	(16	)
Net prior service cost (credit)	20		—		(18		)	(25		)
Total	$	197	$	117	$	(47	)	$	(41	)

Fair values of the assets in U.S. Plan

The table below presents the fair value of the pension assets at December 31:



	2018		2017
Equity securities
U.S. equity securities ⁽¹⁾	$	215	$	207
Global equity securities ⁽¹⁾	338		551
Debt securities
Fixed income and cash investment funds	937		658
U.S. corporate	—		70
Other debt securities	4		55
Private equities	60		107
Real estate	35		44
Other investments ⁽²⁾	277		367
Total plan assets	$	1,866	$	2,059


⁽¹⁾	Include direct investments and investment funds.


⁽²⁾	Substantially all represented hedge fund and asset allocation fund investments.

Expected future benefit payments

The following table presents the expected benefit payments over the next 10 years. The U.S. and non-U.S. pension benefit payments are made by the respective pension trust funds.



Year	Pension Benefits			Other Postretirement Benefits
2019		$	113		$	19
2020		109			17
2021		112			12
2022		113			9
2023		113			8
2024-2028		594			31

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Provision or benefit for income taxes

The provision or benefit for income taxes is comprised of the following for the years ended December 31:



	2018			2017			2016
Current:
U.S.	$	27		$	(33	)	$	(114	)
Foreign	473			411			325
Total current	500			378			211
Deferred:
U.S.	127			(165		)	(5		)
Foreign	(225		)	(67		)	(33		)
Total deferred	(98		)	(232		)	(38		)
Provision for income taxes	$	402		$	146		$	173

Geographic sources of income before income taxes

The geographic sources of income (loss) before income taxes, inclusive of equity in loss of affiliate are as follows for the years ended December 31:



	2018			2017			2016
U.S.	$	(672	)	$	(1,189	)	$	(487	)
Foreign	1,213			843			845
Income (loss) before income taxes, inclusive of equity in loss of affiliate	$	541		$	(346	)	$	358

Difference between provision and U.S. statutory tax rate



	2018			2017			2016
Income (loss) before income taxes, inclusive of equity in loss of affiliate	$	541		$	(346	)	$	358
Taxes at the U.S. federal statutory income tax rate	114			(121		)	125
Effect of foreign operations	103			(23		)	(2		)
Tax impact of partnership structure	109			275			—
Change in valuation allowances	59			69			28
Tax Cuts and Jobs Act enactment	25			(32		)	—
Other - net	(8		)	(22		)	22
Provision for income taxes	$	402		$	146		$	173
Actual income tax rate	74.3		%	(42.2		)%	48.3		%

Deferred tax assets and liabilities

The tax effects of our temporary differences and carryforwards are as follows at December 31:



	2018			2017
Deferred tax assets:
Receivables	$	117		$	98
Inventory	79			63
Property	191			144
Goodwill and other intangibles	132			—
Employee benefits	97			64
Other accrued expenses	74			91
Operating loss carryforwards	1,500			1,376
Tax credit carryforwards	173			147
Other	233			498
Total deferred income tax asset	2,596			2,481
Valuation allowances	(1,591		)	(1,845		)
Total deferred income tax asset after valuation allowance	1,005			636
Deferred tax liabilities:
Goodwill and other intangibles	—			(202		)
Undistributed earnings of foreign subsidiaries	(9		)	—
Other	(18		)	(51		)
Total deferred income tax liability	(27		)	(253		)
Net deferred tax asset	$	978		$	383

Rollforward of unrecognized tax benefits and associated interest and penalties

The following table presents the changes in our gross unrecognized tax benefits included in the consolidated and combined statements of financial position.



Asset / (Liability)	2018			2017
Balance at beginning of year	$	(395	)	$	(94	)
Balance acquired from Baker Hughes	(142		)	(326		)
Additions for tax positions of the current year	(21		)	(13		)
Additions for tax positions of prior years	(95		)	(19		)
Reductions for tax positions of prior years	101			32
Settlements with tax authorities	35			14
Lapse of statute of limitations	45			11
Balance at end of year	$	(472	)	$	(395	)

Members' Equity (Tables)

12 Months Ended

Dec. 31, 2018

Equity [Abstract]

Schedule of changes in number of common units outstanding

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



	2018				2017
	Common Units Held by BHGE		Common Units Held by GE		Common Units Held by BHGE		Common Units Held by GE
Balance at beginning of year	422,208		706,985		—		—
Issue of units to BHGE on business combination at July 3, 2017	—		—		427,709		717,111
Issue of units to BHGE under equity incentive plan	1,492		—		546		—
Exchange of common units ⁽¹⁾	101,200		(101,200	)	—		—
Repurchase program ^{(2) (3)}	(11,501	)	(84,241	)	(6,047	)	(10,126	)
Balance at end of year	513,399		521,543		422,208		706,985

⁽¹⁾


⁽²⁾	In November 2017, BHGE's board of directors authorized us to repurchase up to $3 billion of our common units from BHGE and GE. The $3 billion repurchase authorization is the aggregate authorization for repurchases of BHGE's Class A common stock and Class B common stock together with its paired common unit. As of December 31, 2018, the stock repurchase program has been substantially completed.

⁽³⁾

Schedule of accumulated other comprehensive loss

The following table presents 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, 2016	$	—		$	(1,795	)	$	(10	)	$	(83	)	$	(1,888	)
Other comprehensive income (loss) before reclassifications	41			(4		)	8			45			90
Amounts reclassified from accumulated other comprehensive income (loss)	(39		)	—			7			1			(31		)
Deferred taxes	2			(10		)	(3		)	9			(2		)
Other comprehensive income (loss)	4			(14		)	12			55			57
Less: Other comprehensive income attributable to noncontrolling interests	1			1			—			1			3
Less: Other adjustments	—			15			—			32			47
Balance at December 31, 2017	3			(1,825		)	2			(61		)	(1,881		)
Other comprehensive loss before reclassifications	(1		)	(502		)	(6		)	(70		)	(579		)
Amounts reclassified from accumulated other comprehensive income (loss)	—			—			1			5			6
Deferred taxes	(2		)	—			1			1			—
Other comprehensive loss	(3		)	(502		)	(4		)	(64		)	(573		)
Less: Other adjustments	—			—			—			8			8
Balance at December 31, 2018	$	—		$	(2,327	)	$	(2	)	$	(133	)	$	(2,462	)

Derivative Instruments and Hedging Activities Disclosure [Abstract]

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.

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+ Details

Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2018

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.



	2018										2017
	Level 1		Level 2			Level 3		Net Balance			Level 1		Level 2			Level 3		Net Balance
Assets
Derivatives	$	—	$	74		$	—	$	74		$	—	$	150		$	—	$	150
Investment securities	39		—			288		327			81		8			304		393
Total assets	39		74			288		401			81		158			304		543

Liabilities
Derivatives	—		(82		)	—		(82		)	—		(95		)	—		(95		)
Total liabilities	$	—	$	(82	)	$	—	$	(82	)	$	—	$	(95	)	$	—	$	(95	)

Changes in the fair value of assets

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



	2018			2017
Balance at beginning of year	$	304		$	—
Additions as a result of business combination	—			179
Purchases	75			186
Proceeds at maturity	(90		)	(62		)
Unrealized gains (losses) recognized in accumulated other comprehensive income (loss)	(1		)	1
Balance at end of year	$	288		$	304

Schedule of investment securities classified as available for sale



	2018								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 ⁽¹⁾	$	288	$	—	$	—	$	288	$	310	$	2	$	—	$	312
Equity securities ⁽²⁾	39		—		—		39		81		—		—		81
Total	$	327	$	—	$	—	$	327	$	391	$	2	$	—	$	393


⁽¹⁾	All of our investment securities are classified as available for sale instruments. Non-U.S. debt securities mature in four years.


⁽²⁾	Net unrealized gains (losses) recorded to earnings related to these securities were $(25) million and $30 million for the years ended December 31, 2018 and 2017, respectively.

Schedule of derivatives

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



	2018					2017
	Assets		(Liabilities)			Assets		(Liabilities)
Derivatives accounted for as hedges
Currency exchange contracts	$	—	$	(7	)	$	6	$	—

Derivatives not accounted for as hedges
Currency exchange contracts	74		(75		)	144		(95		)
Total derivatives	$	74	$	(82	)	$	150	$	(95	)

Carrying amount related to derivatives

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



Carrying amount related to derivatives	2018			2017
Derivative assets	$	74		$	150
Derivative liabilities	(82		)	(95		)
Net derivatives	$	(8	)	$	55

Carrying amount related to derivatives

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



Carrying amount related to derivatives	2018			2017
Derivative assets	$	74		$	150
Derivative liabilities	(82		)	(95		)
Net derivatives	$	(8	)	$	55

Effect of derivatives on earnings

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



	2018						2017						2016
	Cash Flow Hedges			Economic Hedges			Cash Flow Hedges			Economic Hedges			Cash Flow Hedges			Economic Hedges
Effect on hedging instrument	$	(6	)	$	(4	)	$	8		$	121		$	38		$	(272	)
Effect on underlying	6			(34		)	(8		)	(152		)	(38		)	102
Effect on earnings ⁽¹⁾	—			(38		)	—			(31		)	—			(170		)


⁽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.

Schedule of hedging instrument, currency exchange contract

The table below summarizes this activity by hedging instrument.



	Gain (Loss) Recognized in AOCI								Gain (Loss) Reclassified from AOCI to Earnings
	2018			2017		2016			2018			2017			2016
Currency exchange contracts	$	(6	)	$	8	$	(38	)	$	(1	)	$	(7	)	$	(37	)

Summarized financial information

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.

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+ Details

Segment Information (Tables)

12 Months Ended

Dec. 31, 2018

Segment Reporting [Abstract]



Segment revenue	2018		2017		2016
Oilfield Services	$	11,617	$	5,881	$	788
Oilfield Equipment	2,641		2,661		3,540
Turbomachinery & Process Solutions	6,015		6,295		6,668
Digital Solutions	2,604		2,342		2,086
Total	$	22,877	$	17,179	$	13,082



Segment income (loss) before income taxes	2018			2017			2016
Oilfield Services	$	785		$	67		$	(207	)
Oilfield Equipment	—			26			305
Turbomachinery & Process Solutions	621			665			1,058
Digital Solutions	390			357			363
Total segment	1,796			1,115			1,519
Corporate	(405		)	(370		)	(375		)
Inventory impairment and related charges ⁽¹⁾	(105		)	(244		)	(138		)
Restructuring, impairment and other	(433		)	(412		)	(516		)
Merger and related costs	(153		)	(373		)	(33		)
Other non operating income, net	202			80			3
Interest expense, net	(223		)	(131		)	(102		)
Total	$	680		$	(335	)	$	358


⁽¹⁾	Inventory impairments and related charges are reported in the "Cost of goods sold" caption of the consolidated and combined statements of income (loss). 2017 includes $87 million of adjustments to write-up the acquired inventory to its estimated fair value on acquisition of Baker Hughes as this inventory was used or sold in the six months ended December 31, 2017.

Schedule of assets by segment

The following table presents total assets by segment at December 31:



Segment assets	2018		2017
Oilfield Services	$	30,647	$	32,568
Oilfield Equipment	7,298		7,613
Turbomachinery & Process Solutions	8,529		9,147
Digital Solutions	4,063		3,830
Total segment	50,537		53,158
Corporate and eliminations ⁽¹⁾	1,697		3,178
Total	$	52,234	$	56,336


⁽¹⁾	Corporate and eliminations in total segment assets includes adjustments of intercompany investments and receivables that are reflected within the total assets of the four reportable segments.

Schedule of segment depreciation and amortization

The following table presents depreciation and amortization by segment for the years ended December 31:



Segment depreciation and amortization	2018		2017		2016
Oilfield Services	$	1,003	$	613	$	132
Oilfield Equipment	173		187		154
Turbomachinery & Process Solutions	156		174		186
Digital Solutions	112		119		78
Total Segment	1,444		1,093		550
Corporate	42		10		—
Total	$	1,486	$	1,103	$	550

Schedule of revenues and property, plant and equipment, net

The following table presents net property, plant and equipment by its geographic location at December 31:



Property, plant and equipment - net	2018		2017		2016
U.S.	$	2,654	$	3,369	$	833
Non-U.S.	3,574		3,590		1,492
Total	$	6,228	$	6,959	$	2,325

Restructuring, Impairment and Other (Tables)

12 Months Ended

Dec. 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:



	2018		2017		2016
Oilfield Services	$	160	$	187	$	122
Oilfield Equipment	25		114		52
Turbomachinery & Process Solutions	71		21		58
Digital Solutions	17		34		34
Corporate	31		29		27
Total	$	304	$	385	$	293



	2018		2017		2016
Property, plant & equipment, net	$	80	$	131	$	93
Employee-related termination expenses	123		186		111
Asset relocation costs	28		10		17
EHS remediation costs	6		9		20
Contract termination fees	44		26		37
Other incremental costs	23		23		15
Total	$	304	$	385	$	293

Supplementary Information (Tables)

12 Months Ended

Dec. 31, 2018

Other Liabilities Disclosure [Abstract]

Changes in liability for product warranties

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



	2018			2017
Balance at beginning of year	$	164		$	74
Provisions	47			37
Expenditures	(96		)	(44		)
Other ⁽¹⁾	121			97
Balance at end of year	$	236		$	164


⁽¹⁾	Primarily related to the acquisition of Baker Hughes.

Allowance for doubtful accounts

Current receivables are comprised of the following at December 31:



	2018			2017
Customer receivables	$	4,974		$	4,700
Related parties	746			915
Other	669			844
Total current receivables	6,389			6,459
Less: Allowance for doubtful accounts	(327		)	(330		)
Total current receivables, net	$	6,062		$	6,129

The change in allowance for doubtful accounts is as follows:



	2018			2017
Balance at beginning of year	$	330		$	186
Additions	47			159
Amounts written off	(43		)	(23		)
Other	(7		)	8
Balance at end of year	$	327		$	330

Quarterly Data (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2018

Quarterly Financial Data [Abstract]

Schedule of quarterly data (unaudited)



(In millions, except per unit amounts)	First Quarter			Second Quarter			Third Quarter			Fourth Quarter			Total Year
2018
Revenue	$	5,399		$	5,548		$	5,665		$	6,264		$	22,877
Gross profit ⁽¹⁾	841			936			973			1,236			3,986
Restructuring, impairment and other ⁽²⁾	162			146			66			59			433
Merger and related costs	46			50			17			41			153
Net income (loss) attributable to Baker Hughes, a GE company, LLC	(143		)	(51		)	38			276			120
Cash distribution per common unit	0.18			0.18			0.18			0.18			0.72

2017
Revenue	$	3,064		$	3,015		$	5,301		$	5,799		$	17,179
Gross profit ⁽¹⁾	687			539			952			858			3,036
Restructuring, impairment and other ⁽²⁾	42			59			191			119			412
Merger and related costs	66			85			159			63			373
Net income (loss) attributable to Baker Hughes, a GE company, LLC	68			(25		)	(361		)	(181		)	(499		)
Cash distribution per common unit	—			—			0.17			0.18			0.35


⁽¹⁾	Represents revenue less cost of sales and cost of services.


⁽²⁾	Restructuring, impairment and other costs associated with asset impairments, workforce reductions, facility closures and contract terminations recorded during 2018 and 2017. See "Note 18. Restructuring, Impairment and Other" for further discussion.

Basis of Presentation and Summary of Significant Accounting Policies - Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2018 USD ($) employee country	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)	Jan. 01, 2019 USD ($)	Oct. 31, 2018	Jan. 01, 2018 USD ($)	Jan. 01, 2016 USD ($)
Accounting Policies [Abstract]
Number of countries in which entity operates (more than) \| country	120
Number of our employees \| employee	66,000
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Research and development expenses	$ 700	$ 501	$ 352
Restricted cash and cash equivalents held in bank accounts	$ 1,208	1,190
Cumulative effect adjustment						$ 67	$ (432)
Accounting Standards Update 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Right of use asset				$ 800
Operating lease, liability				$ 800
Other assets \| Accounting Standards Update 2016-18
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Restricted cash		(7)
Retained earnings \| Accounting Standards Update 2016-16
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect adjustment						$ 67	$ (432)
Minimum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Performance obligations expected to be satisfied, expected timing	10
Maximum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Performance obligations expected to be satisfied, expected timing	20
GE Transaction Agreement \| General Electric Company
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Approximate interest to be acquired	50.40%				62.50%
GE Transaction Agreement \| Baker Hughes Incorporated
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Approximate interest to be acquired	49.60%
General Electric Company
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Restricted cash and cash equivalents held in bank accounts	$ 461	764
Related party amount, due to related party \| GE
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cash	$ 747	$ 997

Basis of Presentation and Summary of Significant Accounting Policies - Impact of Adoption - Revenue (Details) - USD ($) $ in Millions	3 Months Ended								6 Months Ended		12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2017	Jul. 02, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Jan. 01, 2017
Revenue:
Revenues	$ 6,264	$ 5,665	$ 5,548	$ 5,399	$ 5,799	$ 5,301	$ 3,015	$ 3,064			$ 22,877	$ 17,179	$ 13,082
Operating income (Loss)											701	(284)	457
Net income (loss)									$ (538)	$ 46	139	(492)	185
Net income (loss) attributable to Baker Hughes, a GE company, LLC	276	$ 38	$ (51)	$ (143)	(181)	$ (361)	$ (25)	$ 68			120	(499)	254
ASSETS
Current receivables, net	6,062				6,129				6,129		6,062	6,129
Inventories, net	4,620				4,507				4,507		4,620	4,507
Contract and other deferred assets	1,894				2,044				2,044		1,894	2,044
Deferred income taxes	1,072				715				715		1,072	715
LIABILITIES AND EQUITY
Progress collections and deferred income	1,765				1,775				1,775		1,765	1,775		$ 2,038
All other current liabilities	2,276				2,047				2,047		2,276	2,047
All other liabilities	960				889				889		960	889
Total equity	34,766				38,256				38,256		34,766	38,256
Noncontrolling interests	$ 110				140				140		110	140
Goods
Revenue:
Revenues											13,113	11,062	9,462
Services
Revenue:
Revenues											$ 9,764	6,117	3,620
Accounting Standards Update 2017-07
Revenue:
Operating income (Loss)												(1)	24
Restatement adjustment \| Accounting Standards Update 2014-09
Revenue:
Revenues												(80)	(187)
Operating income (Loss)												(175)	(226)
Net income (loss) attributable to Baker Hughes, a GE company, LLC												(150)	(149)
ASSETS
Current receivables, net					1				1			1
Inventories, net					(83)				(83)			(83)
Contract and other deferred assets					(701)				(701)			(701)
Deferred income taxes					233				233			233
LIABILITIES AND EQUITY
Progress collections and deferred income					394				394			394
All other current liabilities					(64)				(64)			(64)
Deferred income taxes					(34)				(34)			(34)
All other liabilities					(83)				(83)			(83)
Total equity					$ 763				$ 763			763
Restatement adjustment \| Accounting Standards Update 2014-09 \| Goods
Revenue:
Revenues												163	(26)
Restatement adjustment \| Accounting Standards Update 2014-09 \| Services
Revenue:
Revenues												$ (243)	$ (161)

Basis of Presentation and Summary of Significant Accounting Policies - Impact of Adoption - ASU 2017-07 (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating income (Loss)	$ 701	$ (284)	$ 457
Other non operating income, net	$ 202	80	3
Accounting Standards Update 2017-07
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating income (Loss)		(1)	24
Other non operating income, net		$ 1	$ (24)

Revenue Related to Contracts With Customers - Disaggregated revenue (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Disaggregation of Revenue [Line Items]
Revenues	$ 6,264	$ 5,665	$ 5,548	$ 5,399	$ 5,799	$ 5,301	$ 3,015	$ 3,064	$ 22,877	$ 17,179	$ 13,082
Performance obligations expected to be satisfied	$ 21,000				$ 21,000				21,000	21,000
U.S.
Disaggregation of Revenue [Line Items]
Revenues									6,576	4,409	3,156
Non-U.S.
Disaggregation of Revenue [Line Items]
Revenues									$ 16,301	$ 12,770	$ 9,926

Revenue Related to Contracts With Customers - Narrative (Details) - Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-01-01	Dec. 31, 2018
Performance period duration one
Disaggregation of Revenue [Line Items]
Performance obligations expected to be satisfied, percentage	45.00%
Performance obligations expected to be satisfied, expected timing	2 years
Performance period duration two
Disaggregation of Revenue [Line Items]
Performance obligations expected to be satisfied, percentage	63.00%
Performance obligations expected to be satisfied, expected timing	5 years
Performance period duration three
Disaggregation of Revenue [Line Items]
Performance obligations expected to be satisfied, percentage	88.00%
Performance obligations expected to be satisfied, expected timing	15 years

Business Acquisition and Disposition - Narrative (Details) - USD ($) $ in Millions		1 Months Ended	3 Months Ended								6 Months Ended	12 Months Ended
	Jul. 03, 2017	Oct. 31, 2018	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Jun. 30, 2018	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Business Acquisition [Line Items]
Transaction related costs			$ 41	$ 17	$ 50	$ 46	$ 63	$ 159	$ 85	$ 66		$ 153	$ 373	$ 33
GE Transaction Agreement
Business Acquisition [Line Items]
Consideration transferred	$ 24,798
Acquisition remeasurement, goodwill											$ 891
Acquisition remeasurement, property, plant and equipment											(362)
Acquisition remeasurement, equity method investment											(228)
Acquisition remeasurement, intangible assets											(123)
Acquisition remeasurement, other liabilities											314
Acquisition remeasurement, depreciation and amortization expense											$ (33)
Natural Gas Solutions (NGS) [Member] \| Disposal Group, Held-for-sale, Not Discontinued Operations [Member]
Business Acquisition [Line Items]
Sales price		$ 375
Gain (loss) on sale, before taxes		$ 171

Business Acquisition and Disposition - Preliminary identifiable assets acquired and liabilities assumed (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017	Jul. 03, 2017	Dec. 31, 2016
Assets
Deferred income taxes	$ 1,072	$ 715
Liabilities
Goodwill	20,423	19,654		$ 6,680
Operating loss carryforwards	$ 1,500	$ 1,376
GE Transaction Agreement
Assets
Cash and equivalents			$ 4,133
Current receivables			2,342
Inventories			1,712
Property, plant and equipment			4,514
Intangible assets			4,005
Deferred income taxes			30
All other assets			1,335
Liabilities
Accounts payable			(1,213)
Borrowings			(3,370)
Liabilities for pension and other postretirement benefits			(654)
All other liabilities			(1,670)
Total identifiable net assets			11,164
Noncontrolling interest associated with net assets acquired			(35)
Goodwill			13,669
Total purchase consideration			24,798
Deferred tax assets			83
Operating loss carryforwards			113
Tax deductible goodwill			$ 67

Business Acquisition and Disposition - Estimated fair value and average life (Details) - USD ($) $ in Millions	Jul. 03, 2017	Dec. 31, 2018	Dec. 31, 2017
Business Acquisition [Line Items]
Indefinite-lived intangible assets		$ 2,222	$ 2,197
Other intangible assets, net		5,719	6,358
GE Transaction Agreement
Business Acquisition [Line Items]
Other intangible assets, net	$ 4,005
GE Transaction Agreement \| Trademarks - Baker Hughes
Business Acquisition [Line Items]
Indefinite-lived intangible assets		$ 2,100	$ 2,100
GE Transaction Agreement \| In-process research and development
Business Acquisition [Line Items]
Indefinite-lived intangible assets	70
GE Transaction Agreement \| Customer relationships
Business Acquisition [Line Items]
Finite-lived intangible assets acquired	$ 1,240
Estimated Weighted Average Life (Years)	15 years
GE Transaction Agreement \| Patents and technology
Business Acquisition [Line Items]
Finite-lived intangible assets acquired	$ 465
Estimated Weighted Average Life (Years)	10 years
GE Transaction Agreement \| Capitalized software
Business Acquisition [Line Items]
Finite-lived intangible assets acquired	$ 64
Estimated Weighted Average Life (Years)	2 years
GE Transaction Agreement \| Trade names - other
Business Acquisition [Line Items]
Finite-lived intangible assets acquired	$ 45
Estimated Weighted Average Life (Years)	10 years
GE Transaction Agreement \| Favorable lease contracts & others
Business Acquisition [Line Items]
Finite-lived intangible assets acquired	$ 21
Estimated Weighted Average Life (Years)	10 years

Business Acquisition and Disposition - Pro forma (Details) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Dec. 31, 2017	Jul. 02, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Business Acquisition [Line Items]
Net income (loss)	$ (538)	$ 46	$ 139	$ (492)	$ 185
GE Transaction Agreement
Business Acquisition [Line Items]
Business acquisition, pro forma revenue				21,841	22,915
Business acquisition, pro forma net income				(586)	(2,883)
Net income (loss)				$ (592)	$ (2,816)

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

+ References

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+ Details

Current Receivables - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total current receivables, gross	$ 6,389	$ 6,459
Less: Allowance for doubtful accounts	(327)	(330)
Total current receivables, net	6,062	6,129
Customer receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total current receivables, gross	4,974	4,700
Related parties
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total current receivables, gross	746	915
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total current receivables, gross	$ 669	$ 844

Inventories - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
Inventories - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Inventory, Net [Abstract]
Inventory valuation reserves	$ 430	$ 360
Inventory, Net, Items Net of Reserve Alternative [Abstract]
Finished goods	2,575	2,577
Work in process and raw materials	2,045	1,930
Total inventories, net	4,620	4,507
Inventory Impairment	$ 105	$ 157

Property, Plant and Equipment - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 9,853	$ 9,776
Less: Accumulated depreciation	3,625	2,817
Property, plant and equipment, less accumulated depreciation	6,228	6,959	$ 2,325
Depreciation on property, plant and equipment	1,031	716	$ 311
Land and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	432	413
Buildings, structures and related equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	2,854	3,168
Machinery, equipment and other
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 6,567	$ 6,195
Minimum \| Land and improvements
Property, Plant and Equipment [Line Items]
Useful Life	8 years
Minimum \| Buildings, structures and related equipment
Property, Plant and Equipment [Line Items]
Useful Life	5 years
Minimum \| Machinery, equipment and other
Property, Plant and Equipment [Line Items]
Useful Life	2 years
Maximum \| Land and improvements
Property, Plant and Equipment [Line Items]
Useful Life	20 years
Maximum \| Buildings, structures and related equipment
Property, Plant and Equipment [Line Items]
Useful Life	40 years
Maximum \| Machinery, equipment and other
Property, Plant and Equipment [Line Items]
Useful Life	20 years

Goodwill and Intangible Assets - Schedule of Goodwill (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Goodwill, Impaired, Accumulated Impairment Loss [Abstract]
Balance at December 31, 2016, gross				$ 10,434
Accumulated impairment at December 31, 2016				(3,754)
Goodwill [Roll Forward]
Goodwill, net, beginning balance		$ 19,654	$ 6,680
Acquisitions and purchase accounting adjustments		959	12,778
Currency exchange and others		(190)	196
Goodwill, net, ending balance		20,423	19,654
GE Transaction Agreement
Goodwill [Roll Forward]
Goodwill, acquired	$ 13,669
Oilfield Services
Goodwill, Impaired, Accumulated Impairment Loss [Abstract]
Balance at December 31, 2016, gross				2,779
Accumulated impairment at December 31, 2016				(2,633)
Goodwill [Roll Forward]
Goodwill, net, beginning balance		12,932	146
Acquisitions and purchase accounting adjustments		(157)	12,778
Currency exchange and others		(26)	8
Goodwill, net, ending balance		12,749	12,932
Oilfield Services \| GE Transaction Agreement
Goodwill [Roll Forward]
Goodwill, acquired	$ 12,604
Oilfield Equipment
Goodwill, Impaired, Accumulated Impairment Loss [Abstract]
Balance at December 31, 2016, gross				3,852
Accumulated impairment at December 31, 2016				(867)
Goodwill [Roll Forward]
Goodwill, net, beginning balance		3,034	2,985
Acquisitions and purchase accounting adjustments		293	0
Currency exchange and others		(17)	49
Goodwill, net, ending balance		3,310	3,034
Turbo-machinery & Process Solutions
Goodwill, Impaired, Accumulated Impairment Loss [Abstract]
Balance at December 31, 2016, gross				1,814
Accumulated impairment at December 31, 2016				0
Goodwill [Roll Forward]
Goodwill, net, beginning balance		1,906	1,814
Acquisitions and purchase accounting adjustments		394	0
Currency exchange and others		(114)	92
Goodwill, net, ending balance		2,186	1,906
Digital Solutions
Goodwill, Impaired, Accumulated Impairment Loss [Abstract]
Balance at December 31, 2016, gross				1,989
Accumulated impairment at December 31, 2016				$ (254)
Goodwill [Roll Forward]
Goodwill, net, beginning balance		1,782	1,735
Acquisitions and purchase accounting adjustments		429	0
Currency exchange and others		(33)	47
Goodwill, net, ending balance		$ 2,178	$ 1,782

Goodwill and Intangible Assets - Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2018 USD ($) segment reporting_unit	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)
Finite-Lived Intangible Assets [Line Items]
Number of reportable segments \| segment	4
Number of reporting units \| reporting_unit	4
Indefinite-lived intangible assets	$ 2,222	$ 2,197
Amortization expense for intangible assets	$ 455	387	$ 239
Minimum
Finite-Lived Intangible Assets [Line Items]
Estimated weighted average life (years)	1 year
Maximum
Finite-Lived Intangible Assets [Line Items]
Estimated weighted average life (years)	30 years
GE Transaction Agreement \| Trademarks - Baker Hughes
Finite-Lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	$ 2,100	$ 2,100
Discount rate \| Income approach valuation technique \| Minimum
Finite-Lived Intangible Assets [Line Items]
Discount rates	0.10
Discount rate \| Income approach valuation technique \| Maximum
Finite-Lived Intangible Assets [Line Items]
Discount rates	0.115

Goodwill and Intangible Assets - Schedule of Intangible Assets by Type (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Finite-Lived Intangible Assets, Net [Abstract]
Finite-lived intangible assets, gross	$ 6,022	$ 6,276
Finite-lived intangible assets, accumulated amortization	(2,525)	(2,115)
Finite-lived intangible assets, net	3,497	4,161
Indefinite-lived intangible assets	2,222	2,197
Intangible assets, gross	8,244	8,473
Other intangible assets, net	5,719	6,358
Technology
Finite-Lived Intangible Assets, Net [Abstract]
Finite-lived intangible assets, gross	1,107	1,177
Finite-lived intangible assets, accumulated amortization	(526)	(440)
Finite-lived intangible assets, net	581	737
Customer relationships
Finite-Lived Intangible Assets, Net [Abstract]
Finite-lived intangible assets, gross	3,085	3,202
Finite-lived intangible assets, accumulated amortization	(944)	(819)
Finite-lived intangible assets, net	2,141	2,383
Capitalized software
Finite-Lived Intangible Assets, Net [Abstract]
Finite-lived intangible assets, gross	1,118	1,130
Finite-lived intangible assets, accumulated amortization	(824)	(697)
Finite-lived intangible assets, net	294	433
Trade names and trademarks
Finite-Lived Intangible Assets, Net [Abstract]
Finite-lived intangible assets, gross	698	757
Finite-lived intangible assets, accumulated amortization	(229)	(159)
Finite-lived intangible assets, net	469	598
Other
Finite-Lived Intangible Assets, Net [Abstract]
Finite-lived intangible assets, gross	14	10
Finite-lived intangible assets, accumulated amortization	(2)	0
Finite-lived intangible assets, net	$ 12	$ 10

Goodwill and Intangible Assets - Schedule of Future Estimated Amortization Expense (Details) $ in Millions	Dec. 31, 2018 USD ($)
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2019	$ 348
2020	316
2021	267
2022	225
2023	$ 213

Contract and Other Deferred Assets - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Jan. 01, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Contract assets (total revenue in excess of billings)	$ 1,694	$ 1,684	$ 1,233
Deferred inventory costs	179	360	$ 276
Non-recurring engineering costs	21	0
Contract and other deferred assets	1,894	2,044
Revenue recognized from performance obligations satisfied in previous periods	26	44
Long-term product service agreements
Accounts, Notes, Loans and Financing Receivable [Line Items]
Contract assets (total revenue in excess of billings)	609	589
Long-term equipment contract
Accounts, Notes, Loans and Financing Receivable [Line Items]
Contract assets (total revenue in excess of billings)	$ 1,085	$ 1,095

Progress Collections and Deferred Income - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Jan. 01, 2017
Disaggregation of Revenue [Line Items]
Progress collections and deferred income (contract liabilities)	$ 1,765	$ 1,775	$ 2,038
Revenue recognized, included in contract liability	1,392	1,525
Progress collections
Disaggregation of Revenue [Line Items]
Progress collections and deferred income (contract liabilities)	1,600	1,456
Deferred income
Disaggregation of Revenue [Line Items]
Progress collections and deferred income (contract liabilities)	$ 165	$ 319

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

Dec. 31, 2018

Dec. 31, 2017

Total short-term borrowings

^[1]

$ 942

$ 2,037

Other long-term borrowings

Capital leases

103

Total long-term borrowings

6,285

6,312

Total debt

$ 7,227

$ 8,349

Other long-term borrowings

Senior Notes | 3.2% Senior Notes due August 2021

3.80%

1.90%

3.20%

2.50%

Senior Notes | 2.773% Senior Notes due December 2022

$ 523

$ 526

2.773%

2.90%

Senior Notes | 3.337% Senior Notes due December 2027

$ 1,245

$ 1,244

3.337%

3.40%

Senior Notes | 6.875% Notes due January 2029

$ 1,343

$ 1,342

6.875%

3.90%

Senior Notes | 5.125% Notes due September 2040

$ 294

$ 308

5.125%

4.20%

4.10%

Senior Notes | 4.080% Senior Notes due December 2047

$ 1,306

$ 1,311

4.08%

4.10%

Debentures | 8.55% Debentures due June 2024

$ 1,336

$ 1,337

8.55%

4.10%

3.90%

$ 131

$ 135

Capital leases

Short-term bank borrowings

5.40%

7.00%

12.60%

Current portion of long-term borrowings

Short-term borrowings

$ 0

$ 171

2.10%

Current portion of long-term borrowings

$ 639

Short-term borrowings from GE

Other short-term borrowings

Short-term borrowings

$ 896

$ 1,124

9.90%

7.60%

Segment Reporting, Asset Reconciling Item [Line Items]

Short-term borrowings

$ 46

$ 103

[1]

Borrowings - Narrative (Details) - USD ($)			1 Months Ended	12 Months Ended
Borrowings - Narrative (Details) - USD ($)	Nov. 03, 2017	Jul. 03, 2017	Jan. 31, 2018	Dec. 31, 2018	Dec. 31, 2017	Dec. 11, 2017
Line of Credit Facility [Line Items]
Estimated fair value of debt				$ 6,629,000,000	$ 8,466,000,000
Senior Notes \| 2.773% Senior Notes due December 2022
Line of Credit Facility [Line Items]
Stated interest rate				2.773%
Senior Notes \| 3.337% Senior Notes due December 2027
Line of Credit Facility [Line Items]
Stated interest rate				3.337%
Senior Notes \| 4.080% Senior Notes due December 2047
Line of Credit Facility [Line Items]
Stated interest rate				4.08%
BHGE LLC \| 2017 Credit Agreement
Line of Credit Facility [Line Items]
Commercial paper, available for issuance	$ 3,000,000,000
Commercial paper, outstanding				$ 0
BHGE LLC \| Senior Notes
Line of Credit Facility [Line Items]
Debt instrument, principal			$ 3,950,000,000
BHGE LLC \| Senior Notes \| Senior Notes Due 2018
Line of Credit Facility [Line Items]
Debt redemption			$ 615,000,000
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 \| 4.080% Senior Notes due December 2047
Line of Credit Facility [Line Items]
Stated interest rate			4.08%
BHGE LLC \| Commercial Paper \| 2017 Credit Agreement
Line of Credit Facility [Line Items]
Debt instrument, term	397 days
BHGE LLC \| Revolving credit facility \| 2017 Credit Agreement
Line of Credit Facility [Line Items]
Debt instrument, term		5 years
Line of credit facility, maximum borrowing capacity		$ 3,000,000,000
Outstanding borrowings				$ 0
BHGE LLC \| Baker Hughes Co-Obligor, Inc.
Line of Credit Facility [Line Items]
Ownership percentage				100.00%
BHGE LLC \| Baker Hughes Co-Obligor, Inc. \| Senior Notes
Line of Credit Facility [Line Items]
Debt instrument, principal						$ 3,950,000,000

Borrowings - Maturities of Debt Schedule (Details) $ in Millions	Dec. 31, 2018 USD ($)
Long-term Debt, Fiscal Year Maturity [Abstract]
2019	$ 942
2020	34
2021	549
2022	1,256
2023	11
Thereafter	$ 4,435

Employee Benefit Plans - Narrative (Details)	12 Months Ended
Employee Benefit Plans - Narrative (Details)	Dec. 31, 2018 USD ($) plan	Dec. 31, 2017 USD ($) plan	Dec. 31, 2016 USD ($)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Multiemployer plan, contributions by employer	$ 158,000,000	$ 132,000,000	$ 140,000,000
Health care cost trend rate assumed next fiscal year	6.50%
Health care cost trend rate	4.68%
Defined contribution plan, employer matching contribution	5.00%
Defined contribution plan, employers matching contribution for vesting plan	4.00%
Defined contribution plan, cost	$ 137,000,000	71,000,000
Defined contribution plan, assets and liabilities	233,000,000	278,000,000
Pension plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Pension assets or obligations, threshold, per plan	20,000,000
Curtailment / settlement loss (gain)	2,000,000	(45,000,000)	(26,000,000)
Expected amortization of gain (loss), next fiscal year	(15,000,000)
Expected amortization of prior service cost (credit), next fiscal year	1,000,000
Fair values of the plan assets	1,866,000,000	2,059,000,000	567,000,000
Employer contributions	51,000,000	50,000,000
Estimated future employer contributions in next fiscal year	22,000,000
Pension plan \| Fixed income and cash investment funds
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets	937,000,000	658,000,000
Other Postretirement Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Curtailment / settlement loss (gain)	(5,000,000)	2,000,000	(2,000,000)
Expected amortization of gain (loss), next fiscal year	7,000,000
Expected amortization of prior service cost (credit), next fiscal year	(3,000,000)
Fair values of the plan assets	0	0	$ 0
Employer contributions	21,000,000	$ 13,000,000
Estimated future employer contributions in next fiscal year	$ 19,000,000
U.K.
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Number of retirement plans \| plan		2
U.S. \| Pension plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Number of retirement plans \| plan	4
Foreign \| Pension plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Number of retirement plans \| plan	6
Fair value measured at Net Asset Value per share
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets	$ 1,802,000,000	$ 1,684,000,000
Fair value measured at Net Asset Value per share \| Equity securities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Percent of plan assets valued using NAV	30.00%	30.00%
Fair value measured at Net Asset Value per share \| Fixed income and cash investment funds
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Percent of plan assets valued using NAV	48.00%	28.00%
Fair value measured at Net Asset Value per share \| Alternative investments
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Percent of plan assets valued using NAV	19.00%	24.00%
Fair Value, Inputs, Level 1, 2 and 3 \| Pension plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets	$ 64,000,000	$ 375,000,000
Level 3 \| Pension plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets	$ 0	$ 86,000,000

Employee Benefit Plans - Schedule of Benefit Obligation and Plan Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Pension Benefits
Change in benefit obligation:
Benefit obligation at beginning of year	$ 2,418	$ 820
Service cost	21	37	$ 18
Interest cost	71	51	34
Plan amendment	20	0
Actuarial loss (gain)	(93)	41
Benefits paid	(67)	(65)
Curtailments	(7)	(45)
Settlements	(59)	(10)
Business acquisition	0	1,546
Other	16	(2)
Foreign currency translation adjustments	59	(45)
Benefit obligation at end of year	2,261	2,418	820
Change in plan assets:
Fair value of plan assets at beginning of year	2,059	567
Actual return on plan assets	(60)	152
Employer contributions	51	50
Benefits paid	(67)	(65)
Settlements	(59)	(10)
Business acquisition	0	1,342
Other	(9)	(2)
Foreign currency translation adjustments	(49)	25
Fair value of plan assets at end of year	1,866	2,059	567
Funded status - underfunded at end of year	(395)	(359)
Accumulated benefit obligation	2,225	2,373
Other Postretirement Benefits
Change in benefit obligation:
Benefit obligation at beginning of year	187	117
Service cost	2	2	2
Interest cost	5	6	5
Plan amendment	1	(23)
Actuarial loss (gain)	(23)	0
Benefits paid	(21)	(13)
Curtailments	(5)	5
Settlements	0	0
Business acquisition	0	93
Other	(39)	0
Foreign currency translation adjustments	0	0
Benefit obligation at end of year	107	187	117
Change in plan assets:
Fair value of plan assets at beginning of year	0	0
Actual return on plan assets	0	0
Employer contributions	21	13
Benefits paid	(21)	(13)
Settlements	0	0
Business acquisition	0	0
Other	0	0
Foreign currency translation adjustments	0	0
Fair value of plan assets at end of year	0	0	$ 0
Funded status - underfunded at end of year	(107)	(187)
Accumulated benefit obligation	$ 107	$ 187

Employee Benefit Plans - Schedule of Amounts Recognized in the Balance Sheet (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Defined Benefit Plan Disclosure
Noncurrent liabilities	$ (1,018)	$ (1,172)
Pension Benefits
Defined Benefit Plan Disclosure
Noncurrent assets	47	46
Current liabilities	(13)	(10)
Noncurrent liabilities	(429)	(395)
Net amount recognized	(395)	(359)
Other Postretirement Benefits
Defined Benefit Plan Disclosure
Noncurrent assets	0	0
Current liabilities	(19)	(24)
Noncurrent liabilities	(88)	(163)
Net amount recognized	$ (107)	$ (187)

Employee Benefit Plans - Schedule of Information for Plans with ABOs in Excess of Plan Assets (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Pension Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Projected benefit obligation	$ 1,621	$ 1,692
Accumulated benefit obligation	1,585	1,647
Fair value of plan assets	1,179	1,286
Other Postretirement Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Accumulated benefit obligation	$ 107	$ 187

Employee Benefit Plans - Schedule of Components of Net Periodic Cost (Income) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Pension Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	$ 21	$ 37	$ 18
Interest cost	71	51	34
Expected return on plan assets	(121)	(81)	(46)
Amortization of prior service credit	0	0	0
Amortization of net actuarial loss (gain)	10	12	14
Curtailment / settlement loss (gain)	2	(45)	(26)
Net periodic cost (income)	(17)	(26)	(6)
Other Postretirement Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	2	2	2
Interest cost	5	6	5
Expected return on plan assets	0	0	0
Amortization of prior service credit	(5)	(3)	(2)
Amortization of net actuarial loss (gain)	(2)	(2)	0
Curtailment / settlement loss (gain)	(5)	2	(2)
Net periodic cost (income)	$ (5)	$ 5	$ 3

Employee Benefit Plans - Schedule of Assumptions Used for Benefit Obligation (Details)	Dec. 31, 2018	Dec. 31, 2017
Pension Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Discount rate	3.43%	2.99%
Rate of compensation increase	3.78%	3.82%
Other Postretirement Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Discount rate	3.92%	3.32%

Employee Benefit Plans - Schedule of Assumptions Used for Net Periodic Cost (Details)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Pension Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Discount rate	2.99%	3.24%	3.83%
Expected long-term return on plan assets	5.94%	6.26%	6.86%
Other Postretirement Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Discount rate	3.32%	3.72%	4.25%

Employee Benefit Plans - Schedule of Reconciliation to Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Pension Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net actuarial loss (gain)	$ 177	$ 117
Net prior service cost (credit)	20	0
Total	197	117
Other Postretirement Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net actuarial loss (gain)	(29)	(16)
Net prior service cost (credit)	(18)	(25)
Total	$ (47)	$ (41)

Employee Benefit Plans - Schedule Fair Value of the Pension Assets (Details) - Pension Benefits - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets by asset category and by levels of fair value	$ 1,866	$ 2,059	$ 567
U.S. equity securities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets by asset category and by levels of fair value	215	207
Global equity securities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets by asset category and by levels of fair value	338	551
Fixed income and cash investment funds
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets by asset category and by levels of fair value	937	658
U.S. corporate
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets by asset category and by levels of fair value	0	70
Other debt securities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets by asset category and by levels of fair value	4	55
Private equities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets by asset category and by levels of fair value	60	107
Real estate
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets by asset category and by levels of fair value	35	44
Other investments
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair values of the plan assets by asset category and by levels of fair value	$ 277	$ 367

Employee Benefit Plans - Schedule of Future Expected Benefit Payments (Details) $ in Millions	Dec. 31, 2018 USD ($)
Pension Benefits
Defined Benefit Plan Disclosure
2019	$ 113
2020	109
2021	112
2022	113
2023	113
2024-2028	594
Other Postretirement Benefits
Defined Benefit Plan Disclosure
2019	19
2020	17
2021	12
2022	9
2023	8
2024-2028	$ 31

Income Taxes - Narrative (Details) $ in Millions	12 Months Ended
Income Taxes - Narrative (Details) $ in Millions	Dec. 31, 2018 USD ($) country	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)
Total Gross Unrecognized Tax Benefits
Tax Cuts and Jobs Act, tax expense (benefit)	$ (25)
Operating loss carryforwards	1,500	$ 1,376
Valuation allowances	1,591	1,845
Deferred tax assets, operating loss carryforwards, foreign	206
Tax Cuts and Jobs Act, accrued foreign withholding taxes	9
Deferred tax liability not provided for temporary difference	6,300
Tax liabilities for gross unrecognized tax benefits	472	$ 395	$ 94
Interest accrued on income taxes for unrecognized tax benefits	91
Penalties accrued on income taxes for unrecognized tax benefits	34
Uncertain tax positions	597
Unrecognized tax benefits that would impact effective tax rate	516
Deferred tax asset that we did not prevail on all uncertain tax position	81
Deferred tax asset that we did not prevail on all uncertain tax position, foreign taxing jurisdiction	21
Deferred tax asset that we did not prevail on all uncertain tax position, increased valuation allowances	60
Uncertain tax positions, liabilities	96
Uncertain tax positions, assets	$ 1
Number of countries in which entity operates (more than) \| country	120
Foreign Net Operating Loss
Total Gross Unrecognized Tax Benefits
Valuation allowances	$ 1,253
US And Foreign Tax Credit Carryforward
Total Gross Unrecognized Tax Benefits
Valuation allowances	141
Other United States Net Operating Loss Tax Credit Carryforward
Total Gross Unrecognized Tax Benefits
Valuation allowances	44
Other US And Foreign Deferred Tax Assets
Total Gross Unrecognized Tax Benefits
Valuation allowances	153
Five year carryforward
Total Gross Unrecognized Tax Benefits
Operating loss carryforwards	$ 319
Expiration of operation loss carryforwards over the next 5 years	5 years
Six to twenty year carryforward
Total Gross Unrecognized Tax Benefits
Operating loss carryforwards	$ 186
Minimum \| Six to twenty year carryforward
Total Gross Unrecognized Tax Benefits
Expiration of operation loss carryforwards over the next six to 20 years	6 years
Maximum \| Six to twenty year carryforward
Total Gross Unrecognized Tax Benefits
Expiration of operation loss carryforwards over the next six to 20 years	20 years
Indefinite Foreign Tax
Total Gross Unrecognized Tax Benefits
Deferred tax assets, tax credit carryforwards, foreign	$ 141
Other Tax
Total Gross Unrecognized Tax Benefits
Deferred tax assets, tax credit carryforwards	$ 32

Income Taxes - Schedule of Components of Income Tax Provision (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Current:
U.S.	$ 27	$ (33)	$ (114)
Foreign	473	411	325
Total current	500	378	211
Deferred:
U.S.	127	(165)	(5)
Foreign	(225)	(67)	(33)
Total deferred	(98)	(232)	(38)
Provision for income taxes	$ 402	$ 146	$ 173

Income Taxes - Schedule of Geographic Sources of Income before Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
U.S.	$ (672)	$ (1,189)	$ (487)
Foreign	1,213	843	845
Income (loss) before income taxes, inclusive of equity in loss of affiliate	$ 541	$ (346)	$ 358

Income Taxes - Schedule of Difference between Provision and U.S. Statutory Income Tax Rate (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Income (loss) before income taxes, inclusive of equity in loss of affiliate	$ 541	$ (346)	$ 358
Taxes at the U.S. federal statutory income tax rate	114	(121)	125
Effect of foreign operations	103	(23)	(2)
Tax impact of partnership structure	109	275	0
Change in valuation allowances	59	69	28
Tax Cuts and Jobs Act enactment	25	(32)	0
Other - net	(8)	(22)	22
Provision for income taxes	$ 402	$ 146	$ 173
Actual income tax rate	74.30%	(42.20%)	48.30%

Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Deferred tax assets:
Receivables	$ 117	$ 98
Inventory	79	63
Property	191	144
Goodwill and other intangibles	132	0
Employee benefits	97	64
Other accrued expenses	74	91
Operating loss carryforwards	1,500	1,376
Tax credit carryforwards	173	147
Other	233	498
Total deferred income tax asset	2,596	2,481
Valuation allowances	(1,591)	(1,845)
Total deferred income tax asset after valuation allowance	1,005	636
Deferred tax liabilities:
Goodwill and other intangibles	0	(202)
Undistributed earnings of foreign subsidiaries	(9)	0
Other	(18)	(51)
Total deferred income tax liability	(27)	(253)
Net deferred tax asset	$ 978	$ 383

Income Taxes - Schedule of Gross Unrecognized Tax Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Unrecognized tax benefits at beginning of period	$ (395)	$ (94)
Balance acquired from Baker Hughes	(142)	(326)
Additions for tax positions of the current year	(21)	(13)
Additions for tax positions of prior years	(95)	(19)
Reductions for tax positions of prior years	101	32
Settlements with tax authorities	35	14
Lapse of statute of limitations	(45)	(11)
Unrecognized tax benefits at end of period	$ (472)	$ (395)

Members' Equity - Changes in Number of Shares Outstanding (Details) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended	12 Months Ended
	Nov. 30, 2018	Dec. 31, 2018	Dec. 31, 2017	Nov. 02, 2017
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance at beginning of year (in units)		1,129,000,000
Balance at end of year (in units)		1,035,000,000	1,129,000,000
Stock repurchase program, authorized amount				$ 3,000
Class A
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exchange of common units (in units)	101,200,000
Common Unitholders
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Repurchased, units (in units)	65,000,000
Repurchased, aggregate amount of units	$ 1,461
Repurchased, per unit (in dollars per unit)	$ 22.48
Common Stock \| Class A
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Repurchase program (in units)		(30,742,152)
Repurchase program (in units)		30,742,152
Stock repurchase program, acquired value		$ 1,000
Baker Hughes, a GE Company (BHGE) \| Common Unitholders
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance at beginning of year (in units)		422,208,000	0
Issue of units to BHGE on business combination at July 3, 2017 (in units)		0	427,709,000
Issue of units to BHGE under equity incentive plan (in units)		1,492,000	546,000
Exchange of common units (in units)		101,200,000	0
Repurchase program (in units)		(11,501,000)	(6,047,000)
Balance at end of year (in units)		513,399,000	422,208,000
Repurchase program (in units)		11,501,000	6,047,000
General Electric Company \| Common Unitholders
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance at beginning of year (in units)		706,985,000	0
Issue of units to BHGE on business combination at July 3, 2017 (in units)		0	717,111,000
Issue of units to BHGE under equity incentive plan (in units)		0	0
Exchange of common units (in units)		(101,200,000)	0
Repurchase program (in units)		(84,241,000)	(10,126,000)
Balance at end of year (in units)		521,543,000	706,985,000
Repurchase program (in units)		84,241,000	10,126,000

Members' Equity - Narrative (Details)	Dec. 31, 2018	Oct. 31, 2018
GE Transaction Agreement \| General Electric Company
Class of Stock [Line Items]
Approximate interest to be acquired	50.40%	62.50%

Members' Equity - Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Dec. 31, 2017	Jul. 02, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance			$ 38,396
Other comprehensive income (loss)	$ 123	$ (66)	(573)	$ 57	$ (370)
Less: Other comprehensive income (loss) attributable to noncontrolling interests			0	(3)	14
Ending balance	38,396		34,876	38,396
Investment Securities, Parent
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance		0	3	0
Ending balance	3		0	3	0
Investment Securities
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Other comprehensive income (loss) before reclassifications			(1)	41
Amounts reclassified from accumulated other comprehensive income (loss)			0	(39)
Deferred taxes			(2)	2
Other comprehensive income (loss)			(3)	4
Investment Securities, Noncontrolling Interest
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Less: Other comprehensive income (loss) attributable to noncontrolling interests				1
Less: Other adjustments			0	0
Foreign Currency Translation Adjustment, Parent
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance		(1,795)	(1,825)	(1,795)
Ending balance	(1,825)		(2,327)	(1,825)	(1,795)
Foreign Currency Translation Adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Other comprehensive income (loss) before reclassifications			(502)	(4)
Amounts reclassified from accumulated other comprehensive income (loss)			0	0
Deferred taxes			0	(10)
Other comprehensive income (loss)			(502)	(14)
Foreign Currency Translation Adjustment, Noncontrolling Interest
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Less: Other comprehensive income (loss) attributable to noncontrolling interests				1
Less: Other adjustments			0	15
Cash Flow Hedges, Parent
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance		(10)	2	(10)
Ending balance	2		(2)	2	(10)
Cash Flow Hedges
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Other comprehensive income (loss) before reclassifications			(6)	8
Amounts reclassified from accumulated other comprehensive income (loss)			1	7
Deferred taxes			1	(3)
Other comprehensive income (loss)			(4)	12
Cash Flow Hedges, Noncontrolling Interest
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Less: Other comprehensive income (loss) attributable to noncontrolling interests				0
Less: Other adjustments			0	0
Benefit Plans, Parent
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance		(83)	(61)	(83)
Ending balance	(61)		(133)	(61)	(83)
Benefit Plans
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Other comprehensive income (loss) before reclassifications			(70)	45
Amounts reclassified from accumulated other comprehensive income (loss)			5	1
Deferred taxes			1	9
Other comprehensive income (loss)			(64)	55
Benefit Plans, Noncontrolling Interest
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Less: Other comprehensive income (loss) attributable to noncontrolling interests				1
Less: Other adjustments			8	32
Accumulated Other Comprehensive Loss
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance		(1,888)	(1,881)	(1,888)
Other comprehensive income (loss)	123	$ (69)	(573)		(356)
Ending balance	$ (1,881)		(2,462)	(1,881)	$ (1,888)
Accumulated Other Comprehensive Loss
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Other comprehensive income (loss) before reclassifications			(579)	90
Amounts reclassified from accumulated other comprehensive income (loss)			6	(31)
Deferred taxes			0	(2)
Other comprehensive income (loss)			(573)	57
Accumulated Other Comprehensive Income (Loss), Noncontrolling Interest
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Less: Other comprehensive income (loss) attributable to noncontrolling interests				3
Less: Other adjustments			$ 8	$ 47

Financial Instruments - Recurring fair value measurements (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Assets
Derivatives	$ 74	$ 150
Investment securities	327
Assets, fair value	74	150
Liabilities
Derivatives	(82)	(95)
Total liabilities	(82)	(95)
Fair value, measurements, recurring
Assets
Derivatives	74	150
Investment securities	327	393
Assets, fair value	401	543
Liabilities
Derivatives	(82)	(95)
Total liabilities	(82)	(95)
Fair value, measurements, recurring \| Level 1
Assets
Derivatives	0	0
Investment securities	39	81
Assets, fair value	39	81
Liabilities
Derivatives	0	0
Total liabilities	0	0
Fair value, measurements, recurring \| Level 2
Assets
Derivatives	74	150
Investment securities	0	8
Assets, fair value	74	158
Liabilities
Derivatives	(82)	(95)
Total liabilities	(82)	(95)
Fair value, measurements, recurring \| Level 3
Assets
Derivatives	0	0
Investment securities	288	304
Assets, fair value	288	304
Liabilities
Derivatives	0	0
Total liabilities	$ 0	$ 0

Financial Instruments - Reconciliation of recurring Level 3 fair value measurements (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 304	$ 0
Additions as a result of business combination	0	179
Purchases	75	186
Proceeds at maturity	(90)	(62)
Unrealized gains (losses) recognized in accumulated other comprehensive income (loss)	(1)	1
Ending balance	$ 288	$ 304

Financial Instruments - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, notional amount	$ 6,400	$ 10,200
Derivative, notional amount, net	2,800	$ 3,300
Gain (loss) earnings effects of related forecast transactions	$ (3)
Cash flow hedging
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, term	2 years	3 years
Related party amount, due to related party \| GE \| Angola bonds
Derivative Instruments, Gain (Loss) [Line Items]
Investment securities	$ 149	$ 127

Financial Instruments - Investment Securities (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Debt Securities, Available-for-sale [Line Items]
Investment securities, gross unrealized gains	$ 0
Investment securities, gross unrealized losses	0
Equity securities, amortized cost	39
Equity securities, estimated fair value	39
Total, amortized cost	327
Total, estimated fair value	327
Amortized Cost		$ 391
Gross Unrealized Gains		2
Gross Unrealized Losses		0
Estimated Fair Value		393
Net unrealized gain (loss)	(25)
Non-U.S. debt securities
Debt Securities, Available-for-sale [Line Items]
Investment securities, amortized cost	288
Investment securities, gross unrealized gains	0
Investment securities, gross unrealized losses	0
Investment securities	$ 288
Amortized Cost		310
Gross Unrealized Gains		2
Gross Unrealized Losses		0
Estimated Fair Value		312
Debt securities, term	4 years
Equity securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		81
Gross Unrealized Gains		0
Gross Unrealized Losses		0
Estimated Fair Value		81
Investment securities, net unrealized gain (loss)		$ 30

Financial Instruments - Derivatives and hedging (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Derivatives, Fair Value [Line Items]
Assets, fair value	$ 74	$ 150
Liabilities, fair value	(82)	(95)
Currency exchange contracts \| Designated as hedging instrument
Derivatives, Fair Value [Line Items]
Assets, fair value	0	6
Liabilities, fair value	(7)	0
Currency exchange contracts \| Not designated as hedging instrument
Derivatives, Fair Value [Line Items]
Assets, fair value	74	144
Liabilities, fair value	$ (75)	$ (95)

Financial Instruments - Derivatives (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	$ 74	$ 150
Derivatives	(82)	(95)
Net derivatives	$ (8)	$ 55

Financial Instruments - Hedges (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Designated as hedging instrument \| Cash flow hedging
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Effect on hedging instrument	$ (6)	$ 8	$ 38
Effect on underlying	6	(8)	(38)
Effect on earnings	0	0	0
Not designated as hedging instrument, economic hedge
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Effect on hedging instrument	(4)	121	(272)
Effect on underlying	(34)	(152)	102
Effect on earnings	$ (38)	$ (31)	$ (170)

Financial Instruments - Cash flow hedges (Details) - Cash flow hedging - Currency exchange contracts - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Recognized in AOCI	$ (6)	$ 8	$ (38)
Gain (Loss) Reclassified from AOCI to Earnings	$ (1)	$ (7)	$ (37)

Segment Information (Details)	12 Months Ended
Segment Information (Details)	Dec. 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								6 Months Ended	12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Segment Reporting Information
Revenues	$ 6,264	$ 5,665	$ 5,548	$ 5,399	$ 5,799	$ 5,301	$ 3,015	$ 3,064		$ 22,877	$ 17,179	$ 13,082
Summarized financial information [Abstract]
Income (loss) before income taxes and equity in loss of affiliate										680	(335)	358
Amounts written off										(105)	(157)
Merger and related costs	$ (41)	$ (17)	$ (50)	$ (46)	$ (63)	$ (159)	$ (85)	$ (66)		(153)	(373)	(33)
Other non operating income, net										202	80	3
Interest expense, net										(223)	(131)	(102)
Operating segments
Summarized financial information [Abstract]
Income (loss) before income taxes and equity in loss of affiliate										1,796	1,115	1,519
Corporate
Summarized financial information [Abstract]
Income (loss) before income taxes and equity in loss of affiliate										(405)	(370)	(375)
Segment reconciling items
Summarized financial information [Abstract]
Amounts written off										(105)	(244)	(138)
Restructuring, impairment and other										(433)	(412)	(516)
Merger and related costs										(153)	(373)	(33)
Other non operating income, net										202	80	3
Interest expense, net										(223)	(131)	(102)
Oilfield Services
Segment Reporting Information
Revenues										11,617	5,881	788
Oilfield Services \| Operating segments
Summarized financial information [Abstract]
Income (loss) before income taxes and equity in loss of affiliate										785	67	(207)
Oilfield Equipment
Segment Reporting Information
Revenues										2,641	2,661	3,540
Oilfield Equipment \| Operating segments
Summarized financial information [Abstract]
Income (loss) before income taxes and equity in loss of affiliate										0	26	305
Turbo-machinery & Process Solutions
Segment Reporting Information
Revenues										6,015	6,295	6,668
Turbo-machinery & Process Solutions \| Operating segments
Summarized financial information [Abstract]
Income (loss) before income taxes and equity in loss of affiliate										621	665	1,058
Digital Solutions
Segment Reporting Information
Revenues										2,604	2,342	2,086
Digital Solutions \| Operating segments
Summarized financial information [Abstract]
Income (loss) before income taxes and equity in loss of affiliate										$ 390	$ 357	$ 363
GE Transaction Agreement
Summarized financial information [Abstract]
Inventory adjustment, write-up									$ 87

Segment Information - Assets by Segment (Details)
$ in Millions

12 Months Ended

Dec. 31, 2018

USD ($)

segment

Dec. 31, 2017

USD ($)

Number of operating segments | segment

^[1]

$ 52,234

$ 56,336

Operating segments

Segment Reporting, Asset Reconciling Item [Line Items]

Operating segments | Oilfield Services

$ 50,537

53,158

Segment Reporting, Asset Reconciling Item [Line Items]

Operating segments | Oilfield Equipment

30,647

32,568

Segment Reporting, Asset Reconciling Item [Line Items]

Operating segments | Turbo-machinery & Process Solutions

7,298

7,613

Segment Reporting, Asset Reconciling Item [Line Items]

Operating segments | Digital Solutions

8,529

9,147

Segment Reporting, Asset Reconciling Item [Line Items]

Corporate and eliminations

4,063

3,830

Segment Reporting, Asset Reconciling Item [Line Items]

$ 1,697

$ 3,178

[1]

Segment Information - Schedule of Summarized Financial Information for CAPEX and DD&A (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Segment Reporting Information
Depreciation and Amortization	$ 1,486	$ 1,103	$ 550
Operating segments
Segment Reporting Information
Depreciation and Amortization	1,444	1,093	550
Operating segments \| Oilfield Services
Segment Reporting Information
Depreciation and Amortization	1,003	613	132
Operating segments \| Oilfield Equipment
Segment Reporting Information
Depreciation and Amortization	173	187	154
Operating segments \| Turbo-machinery & Process Solutions
Segment Reporting Information
Depreciation and Amortization	156	174	186
Operating segments \| Digital Solutions
Segment Reporting Information
Depreciation and Amortization	112	119	78
Corporate
Segment Reporting Information
Depreciation and Amortization	$ 42	$ 10	$ 0

Segment Information - Schedule of Net Property, Plant and Equipment by Geographic Location (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Revenue from geographic segments
Property, plant and equipment, less accumulated depreciation	$ 6,228	$ 6,959	$ 2,325
U.S.
Revenue from geographic segments
Property, plant and equipment, less accumulated depreciation	2,654	3,369	833
Non-U.S.
Revenue from geographic segments
Property, plant and equipment, less accumulated depreciation	$ 3,574	$ 3,590	$ 1,492

Related Party Transactions - Narrative (Details) - USD ($) $ in Millions		12 Months Ended
	Jan. 01, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Oct. 31, 2018
Related Party Transaction [Line Items]
Current receivables		$ 6,389.0	$ 6,459.0
Income tax obligation		$ 402.0	146.0	$ 173.0
GE Transaction Agreement \| General Electric Company
Related Party Transaction [Line Items]
Percentage of tax benefits		100.00%
Approximate interest to be acquired		50.40%			62.50%
GE Transaction Agreement \| Baker Hughes Incorporated
Related Party Transaction [Line Items]
Approximate interest to be acquired		49.60%
GE Capital accounts payable program
Related Party Transaction [Line Items]
Accounts payable, related party		$ 471.0	293.0
Accounts Payable, GE and its affiliates
Related Party Transaction [Line Items]
Accounts payable, related party		538.0	575.0
Current receivables, related party		93.0
GE \| GE’s corporate overhead
Related Party Transaction [Line Items]
Selling, general and administrative expenses, agreement	$ 28.0	55.0	28.0
GE \| GE’s corporate overhead \| Expected
Related Party Transaction [Line Items]
Selling, general and administrative expenses, agreement	$ 27.5
Selling, general and administrative expenses, agreement, service fee increase (decrease)	(50.00%)
GE \| Intercompany Services Agreement
Related Party Transaction [Line Items]
Related party transaction			103.0	210.0
GE \| Sales of products and services, GE and its affiliates
Related Party Transaction [Line Items]
Revenue from related parties		363.0	639.0	374.0
GE \| Purchases, GE and its affiliates
Related Party Transaction [Line Items]
Related party purchases		1,791.0	1,512.0	$ 978.0
GE \| Related party amount, due to related party
Related Party Transaction [Line Items]
Cash held on behalf of GE		896.0	1,124.0
Cash		747.0	997.0
GE \| Related party amount, due to related party \| Angola bonds
Related Party Transaction [Line Items]
Investment securities		149.0	127.0
U.S. and Foreign Authorities \| General Electric Company
Related Party Transaction [Line Items]
Income tax obligation		31.0
Related parties
Related Party Transaction [Line Items]
Current receivables		$ 746.0	$ 915.0

Commitments and Contingencies - Leases (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Minimum annual rental commitments, net of amounts due under subleases
Net amount due within next twelve months	$ 186
Net amount due in year two	154
Net amount due in year three	108
Net amount due in year four	77
Net amount due in year five	55
Net amount due thereafter	266
Rent expense	$ 579	$ 360	$ 200

Commitments and Contingencies - Narrative (Details) € in Millions, $ in Millions			12 Months Ended
	Feb. 17, 2017 USD ($)	Aug. 03, 2016 EUR (€)	Dec. 31, 2018 EUR (€)	Dec. 31, 2018 USD ($) shares
Loss Contingencies [Line Items]
Total, off-balance sheet liability				$ 3,600
Purchase obligations, within next twelve months				1,388
Purchase obligations, year two				51
Purchase obligations, year three				35
Purchase obligations, year four				20
Purchase obligations, year five				5
Purchase obligations, thereafter				$ 8
Equipment failure \| Pending litigation \| Natural Gas Storage System in Northern Germany
Loss Contingencies [Line Items]
Damages sought \| €		€ 202
Marginal rate on annual prime rate (percent)		5.00%
Breach of contract \| Pending litigation \| Saniteq LLC v. GE Infrastructure Sensing, Inc.
Loss Contingencies [Line Items]
Damages sought	$ 500
Damage from fire \| Pending litigation \| INOES and Naphtachimie
Loss Contingencies [Line Items]
Damages sought \| €			€ 250
Damage from fire \| Pending litigation \| International Engineering & Construction S.A. (IEC)
Loss Contingencies [Line Items]
Damages sought \| €			€ 500
GE Transaction Agreement \| Pending litigation
Loss Contingencies [Line Items]
Common stock, shares outstanding, appraisal rights (in shares) \| shares				1,875,000

Restructuring, Impairment and Other - Narrative (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Restructuring and Related Activities [Abstract]
Restructuring, impairment and other	$ 59	$ 66	$ 146	$ 162	$ 119	$ 191	$ 59	$ 42	$ 433	$ 412	$ 516
Restructuring charges									304	385	293
Estimated remaining charges	$ 82								82
Restructuring Cost and Reserve [Line Items]
Amortization expense for intangible assets included in net income									455	387	239
Restructuring, impairment and other charges
Restructuring Cost and Reserve [Line Items]
Other asset impairment charges and foreign currency translation gain (loss), realized									129	27	223
Currency gain (loss)										(12)	(138)
Trade names and trademarks
Restructuring Cost and Reserve [Line Items]
Amortization expense for intangible assets included in net income									80
Corporate
Restructuring and Related Activities [Abstract]
Restructuring charges									31	$ 29	$ 27
Corporate \| Restructuring, impairment and other charges
Restructuring Cost and Reserve [Line Items]
Legal Fees									25
Turbomachinery and Process Solutions and Oilfield Services \| Operating segments \| Restructuring, impairment and other charges
Restructuring Cost and Reserve [Line Items]
Business Exit Costs									$ 13

Restructuring, Impairment and Other - Schedule of Restructuring Charges (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	$ 304	$ 385	$ 293
Property, plant & equipment, net
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	80	131	93
Employee-related termination expenses
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	123	186	111
Asset relocation costs
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	28	10	17
EHS remediation costs
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	6	9	20
Contract termination fees
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	44	26	37
Other incremental costs
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	23	23	15
Corporate
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	31	29	27
Oilfield Services \| Operating segments
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	160	187	122
Oilfield Equipment \| Operating segments
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	25	114	52
Turbo-machinery & Process Solutions \| Operating segments
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	71	21	58
Digital Solutions \| Operating segments
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	$ 17	$ 34	$ 34

Supplementary Information - Product Warranties (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Other Liabilities Disclosure [Abstract]
Other current liabilities, employee related	$ 951	$ 881
Movement in Standard Product Warranty Accrual [Roll Forward]
Product warranties, beginning balance	164	74
Provisions	47	37
Expenditures	(96)	(44)
Other	121	97
Product warranties, ending balance	$ 236	$ 164

Supplementary Information - Allowance for Doubtful Accounts (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Allowance for doubtful accounts
Balance at beginning of year	$ 327	$ 330	$ 186
Additions	47	159
Amounts written off	(43)	(23)
Other	(7)	8
Balance at end of year	$ 327	$ 330

Quarterly Data (Unaudited) - Schedule of Quarterly Data (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended								6 Months Ended	12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Revenues	$ 6,264	$ 5,665	$ 5,548	$ 5,399	$ 5,799	$ 5,301	$ 3,015	$ 3,064		$ 22,877	$ 17,179	$ 13,082
Gross profit	1,236	973	936	841	858	952	539	687		3,986	3,036
Restructuring, impairment and other	59	66	146	162	119	191	59	42		433	412	516
Merger and related costs	41	17	50	46	63	159	85	66		153	373	33
Net income (loss) attributable to Baker Hughes, a GE company, LLC	$ 276	$ 38	$ (51)	$ (143)	$ (181)	$ (361)	$ (25)	$ 68		$ 120	$ (499)	$ 254
Cash dividends per share (in dollars per share)										$ 0.72	$ 0.35
Cash dividend
Cash dividends per share (in dollars per share)									$ 0.35
Cash dividend \| Class A
Cash dividends per share (in dollars per share)	$ 0.18	$ 0.18	$ 0.18	$ 0.18	$ 0.18	$ 0.17	$ 0.00	$ 0.00		$ 0.72	$ 0.35