EQUITY (Tables)

3 Months Ended

Mar. 31, 2023

Equity [Abstract]

Schedule of Changes in Number of Shares Outstanding

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

	Units Held by Baker Hughes		Units Held by GE
	2023	2022	2023	2022
Balance at January 1	1,005,960	909,142	—	116,548
Issue of Units to Baker Hughes under equity incentive plan	5,920	7,730	—	—
Exchange of Units (1)	—	75,957	—	(75,957)
Repurchase and cancellation of Units	—	(8,142)	—	—
Balance at March 31	1,011,881	984,688	—	40,591

(1)When shares of Class B common stock, together with associated Units, are exchanged for shares of Class A common stock, such shares of Class B common stock are canceled.

Schedule of Accumulated Other Comprehensive Loss

The following tables present the changes in accumulated other comprehensive loss, net of tax:

	Foreign Currency Translation Adjustments		Cash Flow Hedges		Benefit Plans		Accumulated Other Comprehensive Loss
Balance at December 31, 2022	$	(2,665)	$	(10)	$	(296)	$	(2,971)
Other comprehensive income before reclassifications	(61)		(1)		3		(59)
Amounts reclassified from accumulated other comprehensive loss	—		1		4		5
Other comprehensive income (loss)	(61)		(1)		7		(55)
Balance at March 31, 2023	$	(2,726)	$	(11)	$	(289)	$	(3,026)

	Foreign Currency Translation Adjustments		Cash Flow Hedges		Benefit Plans		Accumulated Other Comprehensive Loss
Balance at December 31, 2021	$	(2,398)	$	(12)	$	(281)	$	(2,691)
Other comprehensive income (loss) before reclassifications	(17)		—		5		(12)
Amounts reclassified from accumulated other comprehensive loss	34		1		6		41
Deferred taxes	—		—		(2)		(2)
Other comprehensive income	17		1		8		26
Less: Other comprehensive loss attributable to noncontrolling interests	(1)		—		—		(1)
Balance at March 31, 2022	$	(2,380)	$	(11)	$	(273)	$	(2,664)