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Quarterly Data (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2011

Quarterly Data (Unaudited) [Abstract]

Quarterly data (unaudited)


		First Quarter				Second Quarter				Third Quarter ⁽²⁾				Fourth Quarter ⁽³⁾				Total Year
2011
Revenue		$	4,525			$	4,741			$	5,178			$	5,387			$	19,831
Gross profit ⁽¹⁾			922				909				1,130				1,144				4,105
Net income attributable to Baker Hughes			381				338				706				314				1,739
Basic earnings per share of Baker Hughes			0.88				0.78				1.62				0.72				3.99
Diluted earnings per share of Baker Hughes			0.87				0.77				1.61				0.72				3.97
Dividends per share			0.15				0.15				0.15				0.15				0.60
Common stock market prices:
High			74.16				78.00				79.94				60.89
Low			54.83				67.27				46.15				44.47
2010
Revenue		$	2,539			$	3,374			$	4,078			$	4,423			$	14,414
Gross profit ⁽¹⁾			533				600				771				897				2,801
Net income attributable to Baker Hughes			129				93				255				335				812
Basic earnings per share of Baker Hughes			0.41				0.23				0.59				0.78				2.06
Diluted earnings per share of Baker Hughes			0.41				0.23				0.59				0.77				2.06
Dividends per share			0.15				0.15				0.15				0.15				0.60
Common stock market prices:
High			51.86				54.18				50.23				57.17
Low			41.24				35.87				37.58				42.82

⁽¹⁾

Represents revenue less cost of sales, cost of services and research and engineering.

⁽²⁾

Net income attributable to Baker Hughes for 2011 includes a tax benefit of $214 million associated with the reorganization of certain foreign subsidiaries. For further discussion, see Note 4. Income Taxes of the Notes to Consolidated Financial Statements.

⁽³⁾

Net income attributable to Baker Hughes for 2011 includes a charge of $315 million ($220 million net of tax), the majority of which relates to the impairment associated with the decision to minimize the use of the BJ Services trade name. For further discussion, see Note 8. Goodwill and Intangible Assets of the Notes to Consolidated Financial Statements.