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Condensed Consolidated Statements of Financial Position (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents [1] $ 3,010 $ 3,249
Current receivables, net 6,148 6,416
Inventories, net 4,534 4,608
All other current assets 961 949
Total current assets 14,653 15,222
Property, plant and equipment (net of accumulated depreciation of $4,506 and $4,384) 5,997 6,240
Goodwill 5,878 20,690
Other intangible assets, net 4,576 5,381
Contract and other deferred assets 1,826 1,881
All other assets 2,984 3,001
Deferred income taxes 1,315 954
Total assets [1] 37,229 53,369
Current liabilities:    
Accounts payable 3,991 4,268
Short-term debt and current portion of long-term debt [1] 210 321
Progress collections and deferred income 3,196 2,870
All other current liabilities 2,744 2,555
Total current liabilities 10,141 10,014
Long-term debt 6,285 6,301
Deferred income taxes 314 51
Liabilities for pensions and other postretirement benefits 1,025 1,079
All other liabilities 1,479 1,425
Equity:    
Capital in excess of par value 23,486 23,565
Retained loss (10,212) 0
Accumulated other comprehensive loss (1,804) (1,636)
Baker Hughes Company equity 11,470 21,929
Noncontrolling interests 6,515 12,570
Total noncontrolling interests 17,985 34,499
Total liabilities and equity 37,229 53,369
Common Class A    
Equity:    
Common stock 0 0
Common Class B    
Equity:    
Common stock $ 0 $ 0
[1] Total assets include $156 million and $273 million of assets held on behalf of General Electric Company, of which $106 million and $162 million is cash and cash equivalents and $50 million and $111 million is investment securities at March 31, 2020 and December 31, 2019, respectively, and a corresponding amount of liability is reported in short-term borrowings. See "Note 16. Related Party Transactions" for further details.