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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Current Assets:    
Cash and cash equivalents $ 1,050 $ 1,456
Short-term investments 0 250
Accounts receivable - less allowance for doubtful accounts (2011 - $229; 2010 - $162) 4,878 3,942
Inventories, net 3,222 2,594
Deferred income taxes 251 234
Other current assets 396 231
Total current assets 9,797 8,707
Property, plant and equipment - less accumulated depreciation (2011 - $5,251; 2010 - $4,367) 7,415 6,310
Goodwill 5,956 5,869
Intangible assets, net 1,143 1,569
Other assets 536 531
Total assets 24,847 22,986
Current Liabilities:    
Accounts payable 1,810 1,496
Short-term debt and current portion of long-term debt 224 331
Accrued employee compensation 704 589
Income taxes payable 289 219
Other accrued liabilities 475 504
Total current liabilities 3,502 3,139
Long-term debt 3,845 3,554
Deferred income taxes and other tax liabilities 810 1,360
Liabilities for pensions and other postretirement benefits 578 483
Other liabilities 148 164
Commitments and contingencies      
Equity:    
Common stock, one dollar par value(shares authorized - 750; issued and outstanding:2011 - 437; 2010 - 432) 437 432
Capital in excess of par value 7,303 7,005
Retained earnings 8,561 7,083
Accumulated other comprehensive loss (555) (420)
Baker Hughes stockholder's equity 15,746 14,100
Noncontrolling interests 218 186
Total equity 15,964 14,286
Total liabilities and equity $ 24,847 $ 22,986