Equity (Tables)

12 Months Ended

Dec. 31, 2019

Equity [Abstract]

Schedule of changes in number of shares outstanding

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

	2019			2018
	Units Held by Baker Hughes	Units Held by GE		Units Held by Baker Hughes		Units Held by GE
Balance at beginning of year	513,399	521,543		422,208		706,985
Issue of Units to Baker Hughes under equity incentive plan	4,416	—		1,492		—
Exchange of Units (1)	132,250	(132,250	)	101,200		(101,200	)
Repurchase program  (2)	—	(11,865	)	(11,501	)	(84,241	)
Balance at end of year	650,065	377,428		513,399		521,543

⁽¹⁾  In September 2019 and November 2018, Baker Hughes completed underwritten secondary public offerings in which GE and its affiliates sold 132.3 million and 101.2 million shares of its Class A common stock, respectively. The offerings included the exchange by GE and its affiliates of our Units, together with the corresponding shares of Class B common stock of Baker Hughes, for Class A common stock of Baker Hughes.

⁽²⁾  In September 2019, we also repurchased and canceled 11,865,211 of our Units, from GE and its affiliates for an

aggregate of $250 million, or $21.07 per Unit, which is the same per share price paid by the underwriters to GE and its affiliates in the concurrent underwritten public offering. During 2018, we repurchased and canceled 30,742,152 of our Units for a total consideration of $1.0 billion. Additionally, in November 2018, we also repurchased 65 million of our Units from GE and its affiliates for an aggregate of $1,461 million, or $22.48 per Unit, which is the same per share price paid by the underwriters to GE and its affiliates in the concurrent underwritten public offering.

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, 2017	$	3		$	(1,825	)	$	2		$	(61	)	$	(1,881	)
Other comprehensive loss before reclassifications	(1		)	(502		)	(6		)	(70		)	(579		)
Amounts reclassified from accumulated other comprehensive 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		)
Other comprehensive income (loss) before reclassifications	2			53			13			(122		)	(54		)
Amounts reclassified from accumulated other comprehensive loss	—			—			1			26			27
Deferred taxes	—			—			(2		)	21			19
Other comprehensive income (loss)	2			53			12			(75		)	(8		)
Less: Other adjustments	—			—			—			119			119
Balance at December 31, 2019	$	2		$	(2,274	)	$	10		$	(327	)	$	(2,589	)

Schedule of noncontrolling interest