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Segment Information (Tables)

12 Months Ended

Dec. 31, 2019

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 BHI from July 3, 2017.



Segment revenue	2019		2018		2017
Oilfield Services	$	12,889	$	11,617	$	5,881
Oilfield Equipment	2,921		2,641		2,661
Turbomachinery & Process Solutions	5,536		6,015		6,295
Digital Solutions	2,492		2,604		2,342
Total	$	23,838	$	22,877	$	17,179

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, separation and merger related costs, goodwill impairments and certain gains and losses not allocated to the operating segments.



Segment income (loss) before income taxes	2019			2018			2017
Oilfield Services	$	917		$	785		$	67
Oilfield Equipment	55			—			26
Turbomachinery & Process Solutions	719			621			665
Digital Solutions	343			390			357
Total segment	2,035			1,796			1,115
Corporate	(433		)	(405		)	(370		)
Inventory impairment and related charges ⁽¹⁾	—			(105		)	(244		)
Restructuring, impairment and other	(342		)	(433		)	(412		)
Separation and merger related	(184		)	(153		)	(373		)
Other non operating income, net	(84		)	202			80
Interest expense, net	(237		)	(223		)	(131		)
Total	$	753		$	680		$	(335	)

⁽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 BHI 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	2019		2018
Oilfield Services	$	30,317	$	30,647
Oilfield Equipment	7,645		7,298
Turbomachinery & Process Solutions	8,365		8,529
Digital Solutions	3,983		4,063
Total segment	50,310		50,537
Corporate and eliminations ⁽¹⁾	2,903		1,697
Total	$	53,213	$	52,234

⁽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. During 2019, we transferred the $2.1 billion Baker Hughes trade name indefinite-lived intangible asset from Oilfield Services to Corporate due to the separation of GE, resulting in the re-branding of Baker Hughes.

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	2019		2018		2017
Oilfield Services	$	985	$	1,003	$	613
Oilfield Equipment	175		173		187
Turbomachinery & Process Solutions	116		156		174
Digital Solutions	103		112		119
Total Segment	1,379		1,444		1,093
Corporate	39		42		10
Total	$	1,418	$	1,486	$	1,103

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	2019		2018		2017
U.S.	$	2,594	$	2,654	$	3,369
Non-U.S.	3,646		3,574		3,590
Total	$	6,240	$	6,228	$	6,959