EQUITY (Tables)

6 Months Ended

Jun. 30, 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 General Electric Company
	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	6,696	8,470	—	—
Exchange of Units (1)	—	109,548	—	(109,548)
Repurchase and cancellation of Units	(3,596)	(14,825)	—	—
Balance at June 30	1,009,061	1,012,335	—	7,000

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

Schedule of Accumulated Other Comprehensive Loss, Net of Tax

The following tables present 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, 2022	$	—	$	(2,665)	$	(10)	$	(296)	$	(2,971)
Other comprehensive income (loss) before reclassifications	1		168		11		(13)		167
Amounts reclassified from accumulated other comprehensive loss	—		—		2		7		9
Deferred taxes	—		—		(2)		2		—
Other comprehensive income (loss)	1		168		11		(4)		176
Balance at June 30, 2023	$	1	$	(2,498)	$	1	$	(299)	$	(2,795)

	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	(188)		(1)		27		(162)
Amounts reclassified from accumulated other comprehensive loss	35		2		12		49
Deferred taxes	—		—		(7)		(7)
Other comprehensive income (loss)	(153)		1		32		(120)
Less: Other comprehensive income (loss) attributable to noncontrolling interests	(2)		—		—		(2)
Balance at June 30, 2022	$	(2,549)	$	(11)	$	(249)	$	(2,809)