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Condensed Consolidated Statements of Financial Position (Unaudited) - USD ($)
shares in Thousands, $ in Millions
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 4,053 $ 3,245
Current receivables, net 5,726 6,491
Inventories, net 4,469 4,608
All other current assets 1,031 949
Total current assets 15,279 15,293
Property, plant and equipment (net of accumulated depreciation of $4,744 and $4,384) 5,536 6,240
Goodwill 5,685 20,396
Other intangible assets, net 4,377 5,381
Contract and other deferred assets 1,971 1,881
All other assets 3,112 3,058
Deferred income taxes 1,305 964
Total assets [1] 37,265 53,213
Current liabilities:    
Accounts payable 3,482 4,268
Short-term debt and current portion of long-term debt 935 321
Progress collections and deferred income 3,623 2,870
All other current liabilities 2,684 2,535
Total current liabilities 10,724 9,994
Long-term debt 6,754 6,301
Deferred income taxes 122 0
Liabilities for pensions and other postretirement benefits 1,147 1,079
All other liabilities 1,378 1,425
Members' Equity:    
Retained loss (16,913) (110)
Accumulated other comprehensive loss (2,719) (2,589)
Baker Hughes Holdings LLC equity 17,009 34,299
Noncontrolling interests 131 115
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Total 17,140 34,414
Total liabilities and equity $ 37,265 $ 53,213
Common Unit, Outstanding 1,034,000 1,027,000
Common Class A    
Members' Equity:    
Common stock $ 36,641 $ 36,998
[1] Total assets include $111 million and $273 million of assets held on behalf of General Electric Company, of which $85 million and $162 million is cash and cash equivalents and $26 million and $111 million is investment securities at September 30, 2020 and December 31, 2019, respectively, and a corresponding amount of liability is reported in short-term debt. See "Note 15. Related Party Transactions" for further details.