Baker Hughes (BKR)

Company ID: 111 | CIK: 0001701605
10-Q view:
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Segments are charted by their disclosed metrics (revenue, segment profit, etc.). Each line is a single segment. Reconciliation/corporate items are excluded. Major customers are shown as a percentage of revenue. Operational KPIs are grouped by metric concept; sub-metrics appear as separate lines.

Geographic Segments

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Business Unit / Product Segments

Major Customers (% of Revenue)

No major-customer concentration data found.

Operational KPIs

Backlog (backlog)

Orders received (bookings)

Stockholders of Record (customers)

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Scope 1 and 2 emissions intensity reduction (emissions_co2)

People of color in U.S. workforce (headcount)

Orders (orders_received)

Average Brent oil price (other)

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Average WTI oil price (other)

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Average natural gas price (other)

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Brent oil price (other)

Countries of Operation (other)

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Countries of operation (other)

Dividends paid (other)

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Employee diversity (other)

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Employees of color (other)

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Environmental remediation accrual (other)

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GE economic interest (other)

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Henry Hub gas price (other)

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Henry Hub natural gas price (other)

LNG final investment decisions (other)

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Leadership training participants (other)

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Life of contract billings (other)

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Natural gas price (other)

Number of Reportable Segments (other)

Oil and gas prices (other)

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Orders for equipment (other)

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Orders for services (other)

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Patents Granted (other)

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Patents granted (other)

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People of color representation (other)

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Perfect HSE days (other)

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Proforma revenue (other)

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Proposed MSHA assessments (other)

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Public float (other)

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R&D Spend (other)

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R&D expense (other)

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R&D spend (other)

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RPO recognition timing (other)

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Research and Development (other)

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Research and Development Spend (other)

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Research and development expense (other)

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Research and development spend (other)

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Revenue from equipment sales (other)

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Revenue from services (other)

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Revenue mix (other)

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Russia revenue share (other)

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Share repurchases (other)

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Shares Outstanding (other)

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Shares outstanding (other)

Stockholders of record (other)

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Subsea trees awarded (other)

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US employees of color (other)

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WTI oil price (other)

Women in workforce (other)

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Women representation (other)

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Rig Count (rigs_active)

Remaining performance obligations (rpo)

Perfect HSE Days (safety_incidents)

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Human capital disclosures. Workforce totals and demographics are point-in-time. Flow metrics use the year-to-date period for 10-Q and full year for 10-K. Workforce actions (RIFs, restructurings, acquisition-related changes) are listed in the table at the bottom.

Workforce Totals

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Demographics

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Workforce Breakdowns

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HCM Metrics — Point-in-Time

No point-in-time HCM metrics found.

HCM Metrics — Flow (Annual / YTD)

Workforce Actions

Period EndTypeStatusAffected% WorkforceAnnouncedExpected CompletionGeographySegment / FunctionChargeSourceNote
2026-06-30restructuringin_progressOilfield Services & EquipmentUSD 24 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Six months ended 2026-06-30 charge; Q2 charge was $11M. No employee count, announcement date, or completion date disclosed. Cash severance payments of $86M (YTD, all segments) included in operating cash flows.
2026-06-30restructuringin_progressIndustrial & Energy TechnologyUSD 28 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Six months ended 2026-06-30 charge; no charge recorded in Q2 2026 for this segment. No employee count disclosed.
2026-06-30restructuringin_progressCorporateUSD -2 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Six months ended 2026-06-30 net credit of $2M. No employee count disclosed.
2026-06-30divestiture_reductioncompleted2026-012026-01Industrial & Energy Technology — Industrial Solutions (Precision Sensors & Instrumentation)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of PSI business to Crane Company for ~$1.2B cash; initial gain ~$497M. Headcount removed not disclosed.
2026-06-30divestiture_reductioncompleted2026-012026-01Oilfield Services & Equipment — Subsea & Surface Pressure Systems (Surface Pressure Control)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Surface Pressure Control business contributed to a JV with a Cactus, Inc. subsidiary for $479M total consideration (35% NCI plus ~$323M proceeds); initial gain ~$225M. Headcount removed not disclosed.
2026-06-30divestiture_reductionin_progress2026-04Industrial & Energy Technology — Industrial Products (Waygate Technologies)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreement to sell Waygate Technologies to Hexagon AB for ~$1.45B; classified as held for sale at 2026-06-30, closing expected in second half of 2026. Headcount removed not disclosed.
2026-06-30acquisition_additioncompleted2026-07-16Chart Industries, Inc. acquisitionsubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Completed 2026-07-16 (after quarter end) at $210 per share, ~$13.6B enterprise value, funded with March 2026 notes offering, Term Loans, and cash on hand. Headcount added not disclosed.
2026-06-30restructuringin_progressUSD 50 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Total restructuring charges of $50 million recorded for the six months ended June 30, 2026, including $24 million in employee-related termination expenses. No specific headcount affected is disclosed.
2026-06-30restructuringin_progressUSD 11,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-06-30restructuringin_progressOperating Segments [Member] / Oilfield Services And Equipment [Member]USD 11,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-06-30restructuringin_progressOperating Segments [Member] / Industrial And Energy Technology [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-06-30restructuringin_progressSegment Reporting, Reconciling Item, Corporate Nonsegment [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-06-30restructuringin_progressEmployee Severance [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-06-30restructuringin_progressContract Termination [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-06-30restructuringin_progressEnvironmental Remediation [Member]USD 1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-06-30restructuringin_progressOther Restructuring [Member]USD 10,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-03-31restructuringin_progressOilfield Services & Equipment; Industrial & Energy Technology; CorporateUSD 37 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q1 2026 restructuring charges of $37M (nil in Q1 2025); $26M employee-related termination expenses and $11M other incremental costs. Segment split: OFSE $11M, IET $28M, Corporate $(2)M. No employee counts or completion dates disclosed. Cash payments of $55M for employee severance included in operating cash flows.
2026-03-31divestiture_reductioncompletedIndustrial & Energy Technology — Industrial Solutions (Precision Sensors & Instrumentation)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of Precision Sensors & Instrumentation business to Crane Company completed in Q1 2026 for approximately $1.2B cash; gain of approximately $497M recognized. No headcount disclosed.
2026-03-31divestiture_reductioncompletedOilfield Services & Equipment — Subsea & Surface Pressure Systems (Surface Pressure Control)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Contribution of Surface Pressure Control business to a joint venture with a Cactus, Inc. subsidiary completed in Q1 2026; total consideration $479M including a 35% noncontrolling interest and approximately $323M proceeds. No headcount disclosed.
2026-03-31divestiture_reductionannounced2026-04-13Waygate Technologies businesssubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreement to sell Waygate Technologies to Hexagon AB in an all-cash transaction valued at approximately $1.45B; expected to complete in the second half of 2026. No headcount disclosed.
2026-03-31acquisition_additionannounced2025-07-282026-06-30Chart Industries, Inc.other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Pending acquisition of Chart Industries at $210 per share in cash (enterprise value $13.6B); regulatory reviews underway, expected to close in Q2 2026. No headcount disclosed.
2026-03-31restructuringin_progress2026-03-31Oilfield Services & EquipmentUSD 11 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Includes employee-related termination expenses and other incremental costs.
2026-03-31restructuringin_progress2026-03-31Industrial & Energy TechnologyUSD 28 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Includes employee-related termination expenses and other incremental costs.
2026-03-31restructuringin_progress2026-03-31CorporateUSD -2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Negative charge indicates reversal or adjustment.
2026-03-31restructuringin_progressUSD 37,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-03-31restructuringin_progressOperating Segments [Member] / Oilfield Services And Equipment [Member]USD 11,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-03-31restructuringin_progressOperating Segments [Member] / Industrial And Energy Technology [Member]USD 28,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-03-31restructuringin_progressSegment Reporting, Reconciling Item, Corporate Nonsegment [Member]USD -2,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-03-31restructuringin_progressEmployee Severance [Member]USD 26,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-03-31restructuringin_progressOther Restructuring [Member]USD 11,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-12-31restructuringin_progressOilfield Services & EquipmentUSD 121 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
FY2025 segment-level component of a $215 million company-wide restructuring charge, primarily employee termination expenses and footprint consolidation. No employee count or completion timeline disclosed; company-wide employee-related termination expense was $122 million and severance payments of $182 million were made during 2025.
2025-12-31restructuringin_progressIndustrial & Energy TechnologyUSD 84 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
FY2025 segment-level component of the $215 million company-wide restructuring charge, primarily employee termination expenses and footprint consolidation. No employee count or completion timeline disclosed.
2025-12-31restructuringin_progressCorporateUSD 10 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
FY2025 corporate component of the $215 million company-wide restructuring charge. The program also drove $22 million of inventory impairments recorded in cost of goods sold.
2025-12-31acquisition_additioncompleted2025-08-072025-08-07Industrial & Energy Technologybusiness_combinations_footnote
f5-10k / GLM-5.3-flash-HTML
Acquisition of Continental Disc Corporation completed August 7, 2025 in an all-cash transaction (total consideration $554 million per Note 22); headcount added through the acquisition not disclosed.
2025-12-31acquisition_additionannounced2025-07-292026-06-30Company-widebusiness_combinations_footnote
f5-10k / GLM-5.3-flash-HTML
Definitive agreement (July 28, 2025) to acquire Chart Industries at $210 per share in cash, roughly $13.6 billion enterprise value; Chart shareholder approval received October 6, 2025. Expected completion date reflects disclosed expectation of a Q2 2026 close pending regulatory reviews; headcount impact not disclosed.
2025-12-31divestiture_reductioncompleted2026-01-01Oilfield Services & Equipment — Subsea & Surface Pressure Systems (Surface Pressure Control)other
f5-10k / GLM-5.3-flash-HTML
Surface Pressure Control business contributed to a newly formed joint venture with a Cactus, Inc. subsidiary for approximately $345 million cash plus a 35% non-controlling interest; transaction closed January 1, 2026. Employees transferring with the business not quantified.
2025-12-31divestiture_reductioncompleted2026-01-01Industrial & Energy Technology — Industrial Solutions (Precision Sensors & Instrumentation)other
f5-10k / GLM-5.3-flash-HTML
Sale of the Precision Sensors & Instrumentation business to Crane Company for approximately $1.15 billion cash; transaction closed January 1, 2026. Employees transferring with the business not quantified.
2025-12-31restructuringin_progressOilfield Services & EquipmentUSD 121 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
FY2025 charges for actions aligning the segment with the Company's market outlook, including footprint consolidation; no headcount affected or completion date disclosed.
2025-12-31restructuringin_progressIndustrial & Energy TechnologyUSD 84 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
FY2025 segment portion of the Company's restructuring program; no headcount affected or completion date disclosed.
2025-12-31restructuringin_progressCorporateUSD 10 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
FY2025 corporate portion of the restructuring program. Total FY2025 restructuring charges were $215 million, comprising $122 million employee termination expenses, $53 million long-lived asset impairments, $13 million contract termination fees and $27 million other incremental costs; related inventory impairments of $22 million were recorded in cost of goods sold.
2025-12-31acquisition_additioncompleted2025-08-07Industrial & Energy Technologybusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Continental Disc Corporation closed August 7, 2025 for total consideration of $554 million; headcount added not disclosed.
2025-12-31acquisition_additionannounced2025-07-282026-06-30Industrial & Energy Technologybusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Pending acquisition of Chart Industries at $210 per share in cash, approximately $13.6 billion enterprise value; shareholder approval obtained October 6, 2025, closing presently expected in Q2 2026 subject to regulatory reviews. Headcount to be added not disclosed.
2025-12-31divestiture_reductioncompleted2026-01-01Industrial Solutions (Industrial & Energy Technology)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of Precision Sensors & Instrumentation to Crane Company for approximately $1.15 billion cash; classified as held for sale at December 31, 2025 and completed January 1, 2026 (after fiscal year-end). Headcount removed not disclosed.
2025-12-31divestiture_reductioncompleted2026-01-01Subsea & Surface Pressure Systems (Oilfield Services & Equipment)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Surface Pressure Control business contributed to a joint venture with a Cactus, Inc. subsidiary for a 35% non-controlling interest plus approximately $345 million cash; completed January 1, 2026 (after fiscal year-end). Headcount removed not disclosed.
2025-12-31otherin_progressRussiaOilfield Services & EquipmentItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Ongoing wind-down of Russian operations: new investments suspended since March 2022, most operational activity suspended, and during 2024-2025 the focus has been closing local entities under Western sanctions. No workforce impact quantified.
2025-12-31restructuringcompleted2025-01-012025-12-31GlobalOilfield Services & Equipment; Industrial & Energy TechnologyUSD 215 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Charges primarily related to employee termination expenses and footprint consolidation. Employee count not explicitly disclosed in footnote.
2025-12-31restructuringcompleted2025-01-012025-12-31GlobalOilfield Services & Equipment; Industrial & Energy Technology; CorporateUSD 215 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Charges primarily related to employee termination expenses and footprint consolidation. Specific headcount affected not disclosed.
2025-12-31restructuringin_progressUSD 215,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2025-12-31restructuringin_progressOperating Segments [Member] / Oilfield Services [Member]USD 121,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2025-12-31restructuringin_progressOperating Segments [Member] / Industrial And Energy Technology [Member]USD 84,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2025-12-31restructuringin_progressSegment Reporting, Reconciling Item, Corporate Nonsegment [Member]USD 10,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2025-12-31restructuringin_progressEmployee Severance [Member]USD 122,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2025-12-31restructuringin_progressLong-Lived Asset Impairments [Member]USD 53,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2025-12-31restructuringin_progressContract Termination [Member]USD 13,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2025-12-31restructuringin_progressOther Restructuring [Member]USD 27,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2025-12-31restructuringin_progressRestructuring Charges [Member]USD 215,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2025-09-30restructuringin_progressMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Ongoing restructuring activities; MD&A discloses $129 million of cash payments in the nine months ended 2025-09-30 (and $187 million in the prior-year period) made primarily for employee severance. No headcount affected, charge accrual, announcement date, or completion timing is disclosed in this filing.
2025-09-30acquisition_additioncompleted2025-08-072025-08-07Industrial & Energy Technologybusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Continental Disc Corporation acquired 2025-08-07 for total consideration of $553 million; headcount added not disclosed.
2025-09-30divestiture_reductionannounced2025-06-022026-03-31Oilfield Services & Equipment — Surface Pressure Control businessother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Surface Pressure Control business to be contributed to a new JV for a 35% non-controlling interest plus ~$345 million cash; classified as held for sale at 2025-09-30. Expected completion stated as early 2026; date shown is an approximation. Headcount affected not disclosed.
2025-09-30divestiture_reductionannounced2025-06-092026-03-31Industrial & Energy Technology — Precision Sensors & Instrumentation businessother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
PSI business to be sold for ~$1.15 billion cash; classified as held for sale at 2025-09-30. Expected completion stated as early 2026; date shown is an approximation. Headcount affected not disclosed.
2025-09-30restructuringin_progressUSD 129 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Payments of $129 million made primarily for employee severance as a result of restructuring activities during the nine months ended September 30, 2025. Employee count not disclosed.
2025-06-30restructuringin_progressUSD 67 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Ongoing restructuring activities referenced in the six-month cash flow discussion; $67 million of severance-related payments made in the six months ended June 30, 2025. No employee counts, announcement date, or completion timing disclosed in this filing.
2025-06-30divestiture_reductionannounced2025-06-02OFSE — Subsea & Surface Pressure Systems (Surface Pressure Control business)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreement to contribute the Surface Pressure Control business to a joint venture with a subsidiary of Cactus, Inc. in exchange for a 35% non-controlling interest plus approximately $345 million cash; classified as held for sale at June 30, 2025. Expected completion end of 2025 or early 2026. No headcount impact disclosed.
2025-06-30divestiture_reductionannounced2025-06-09IET — Industrial Solutions (Precision Sensors & Instrumentation business)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreement to sell the Precision Sensors & Instrumentation business to Crane Company for approximately $1.15 billion cash; classified as held for sale at June 30, 2025. Expected completion end of 2025 or early 2026. No headcount impact disclosed.
2025-06-30acquisition_additionannounced2025-06-162025-09-30IETother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreement to acquire Continental Disc Corporation in an all-cash transaction for approximately $540 million; expected to close in Q3 2025 subject to customary conditions. No headcount of the acquired business disclosed.
2025-06-30restructuringin_progressUSD 67 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Payments of $67 million made primarily for employee severance as a result of restructuring activities during the six months ended June 30, 2025. Employee count not disclosed.
2025-03-31restructuringin_progressGlobalCompany-wideUSD 32 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Severance payments in cash flows from operating activities tied to restructuring activities; restructuring charges recorded were nil in Q1 2025 and no employee-affected count disclosed. Prior-year comparative ($75 million) not extracted.
2025-03-31othercompleted12025-02-242025-04-30United StatesCorporateUSD 1 (millions)other
f5-10q / Qwen3.6-27B-Q8_0
Separation of Executive Vice President and Chief Financial Officer Nancy Buese. Agreement effective Feb 24, 2025, includes $1M cash severance and transition to advisor role through April 30, 2025.
2025-03-31restructuringin_progressRestructuring Charges [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-03-31restructuringin_progressOperating Segments [Member] / Oilfield Services And Equipment [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-03-31restructuringin_progressOperating Segments [Member] / Industrial And Energy Technology [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-03-31restructuringin_progressSegment Reporting, Reconciling Item, Corporate Nonsegment [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-03-31restructuringin_progressFacility Closing [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-03-31restructuringin_progressEmployee Severance [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-03-31restructuringin_progressOther Restructuring [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-03-31restructuringin_progressUSD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-12-31restructuringin_progressOilfield Services & EquipmentUSD 206 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
FY2024 streamlining of the OFSE operating model, reducing facility footprint via employee terminations and PP&E impairment; also drove $73M inventory impairment. Program-wide employee-related termination expense was $153M and severance cash payments were $217M in 2024; no affected headcount disclosed. Completion timeline not stated; status inferred.
2024-12-31restructuringin_progressIndustrial & Energy TechnologyUSD 13 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
FY2024 restructuring and associated impairment charges attributed to IET under the same program; an additional $6M of restructuring charges sits within segment operating income in SG&A.
2024-12-31restructuringin_progressCorporateUSD 41 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
FY2024 restructuring and associated impairment charges attributed to Corporate under the same program. Total program charges of $260M plus $41M of other charges equal the $301M 'Restructuring, impairment and other' income-statement line.
2024-12-31restructuringin_progressGlobalOilfield Services & Equipment (OFSE)USD 260 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
FY2024 activity only: streamlining of the OFSE operating model with facility footprint reduction; includes $153M employee-related termination expenses and $77M PP&E impairment, plus $73M related inventory impairments recorded in cost of goods sold. No employee count disclosed. Total FY2024 restructuring, impairment and other charges were $301M including $41M other charges.
2024-12-31restructuringin_progressGlobalCorporateUSD 41 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
FY2024 other charges within 'Restructuring, impairment and other'; nature not further specified in the footnote. Reported alongside $260M of restructuring and associated impairment charges (OFSE $206M, IET $13M, Corporate $41M).
2024-12-31restructuringcompleted2024-01-012024-12-31GlobalOilfield Services & EquipmentUSD 301 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Total restructuring, impairment, and other charges of $301 million in 2024, primarily related to streamlining of the OFSE operating model. Includes $260 million in restructuring and associated impairment charges and $73 million in inventory impairments.
2024-12-31restructuringcompleted2024-01-012024-12-31GlobalOilfield Services & EquipmentUSD 260 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Streamlining of the OFSE operating model and reduction of facility footprint. Includes $73 million in inventory impairments and $77 million in PP&E impairments. Employee termination expenses were $153 million. Specific headcount not disclosed.
2024-12-31restructuringin_progressUSD 260,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2024-12-31restructuringin_progressOperating Segments [Member] / Oilfield Services [Member]USD 206,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2024-12-31restructuringin_progressOperating Segments [Member] / Industrial And Energy Technology [Member]USD 13,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2024-12-31restructuringin_progressSegment Reporting, Reconciling Item, Corporate Nonsegment [Member]USD 41,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2024-12-31restructuringin_progressFacility Closing [Member]USD 77,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2024-12-31restructuringin_progressEmployee Severance [Member]USD 153,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2024-12-31restructuringin_progressAsset Relocation [Member]USD 0 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2024-12-31restructuringin_progressContract Termination [Member]USD 2,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2024-12-31restructuringin_progressOther Restructuring [Member]USD 34,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2024-12-31restructuringin_progressSelling, General and Administrative Expenses [Member]USD 266,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2024-09-30restructuringin_progressOFSE; IET; CorporateUSD 21 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
YTD 2024 restructuring, impairment and other charges of $21M (nil in Q3 2024); includes $2M restructuring/impairment charges and $18M other charges. No employee counts disclosed. Prior-year 2023 Plan exit activities referenced as context only.
2024-09-30restructuringin_progressCorporateUSD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Nine months ended Sept 30, 2024: $2M restructuring charges recorded in Corporate segment. No employee count disclosed.
2024-09-30restructuringcompletedCorporateUSD 187 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Nine months ended Sept 30, 2024: $187M cash payments made primarily for employee severance as a result of restructuring activities. No employee count disclosed.
2024-09-30restructuringin_progressRestructuring Charges [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-09-30restructuringin_progressOperating Segments [Member] / Oilfield Services [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-09-30restructuringin_progressOperating Segments [Member] / Industrial And Energy Technology [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-09-30restructuringin_progressSegment Reporting, Reconciling Item, Corporate Nonsegment [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-09-30restructuringin_progressFacility Closing [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-09-30restructuringin_progressEmployee Severance [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-09-30restructuringin_progressOther Restructuring [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-09-30restructuringin_progressUSD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-06-30restructuringin_progressCorporateUSD 8 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Employee-related termination costs of $8 million recorded in both the three and six months ended June 30, 2024; no employee count, announcement date, or completion date disclosed. An additional $6 million of restructuring charges for the period sits within segment operating income in SG&A.
2024-06-30restructuringin_progressOilfield Services & Equipment; Industrial & Energy TechnologyUSD 6 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
For the three and six months ended June 30, 2024, $6 million of additional restructuring charges are included within segment operating income and reported in selling, general and administrative expense; no employee count disclosed.
2024-06-30restructuringin_progressOilfield Services & EquipmentUSD 0 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Filer recorded $0 million in restructuring charges for OFSE in Q2 2024. No employee count disclosed.
2024-06-30restructuringin_progressIndustrial & Energy TechnologyUSD 0 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Filer recorded $0 million in restructuring charges for IET in Q2 2024. Note indicates $6 million additional charges included in SG&A, but no employee count disclosed.
2024-06-30restructuringin_progressCorporateUSD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Filer recorded $2 million in restructuring charges for Corporate in Q2 2024. No employee count disclosed.
2024-06-30restructuringin_progressRestructuring Charges [Member]USD 2,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-06-30restructuringin_progressOperating Segments [Member] / Oilfield Services [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-06-30restructuringin_progressOperating Segments [Member] / Industrial And Energy Technology [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-06-30restructuringin_progressSegment Reporting, Reconciling Item, Corporate Nonsegment [Member]USD 2,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-06-30restructuringin_progressFacility Closing [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-06-30restructuringin_progressEmployee Severance [Member]USD 8,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-06-30restructuringin_progressOther Restructuring [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-06-30restructuringin_progressUSD 8,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-03-31restructuringin_progressUSD 7 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Restructuring, impairment and other charges of $7 million recorded in Q1 2024; no employee count, geography, or completion date disclosed for the current-period charges. MD&A notes $75 million of severance payments in Q1 2024 cash flows from prior restructuring activities.
2024-03-31restructuringcompletedUSD 7 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Filer recorded $7 million in restructuring, impairment and other charges. No specific employee count disclosed for Q1 2024 actions.
2023-12-31restructuringin_progressOilfield Services & EquipmentUSD 148 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
FY2023 restructuring and impairment charges, part of $313 million total across OFSE ($148M), IET ($98M) and Corporate ($67M). Charges span the 2022 Plan (announced second half 2022; reorganization into two segments) and the 2023 Plan (exit activities at specific locations and manufacturing supply chain rationalization), plus a Q4 2023 planned workforce reduction primarily in OFSE. Company-wide employee-related termination expenses were $270 million and severance cash payments were $142 million; no employee counts disclosed.
2023-12-31restructuringin_progressIndustrial & Energy TechnologyUSD 98 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
FY2023 restructuring and impairment charges under the 2022 Plan (announced second half 2022) and the 2023 Plan; see OFSE record for program context. Primarily employee termination expenses; no employee counts disclosed.
2023-12-31restructuringin_progressCorporateUSD 67 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
FY2023 restructuring and impairment charges under the 2022 Plan (announced second half 2022) and the 2023 Plan; see OFSE record for program context. Primarily employee termination expenses; no employee counts disclosed.
2023-12-31acquisition_additioncompleted2023-04Oilfield Services & Equipmentbusiness_combinations_footnote
f5-10k / GLM-5.3-flash-HTML
Acquisition of Altus Intervention, a well intervention services and downhole technology provider, completed April 2023 for $301 million net cash consideration; headcount impact not disclosed.
2023-12-31divestiture_reductioncompleted2023-04Industrial & Energy Technologybusiness_combinations_footnote
f5-10k / GLM-5.3-flash-HTML
Sale of the Nexus Controls business to GE completed April 2023 with an immaterial gain; headcount impact not disclosed.
2023-12-31restructuringin_progressGlobalCorporate and both operating segments (OFSE and IET)USD 313 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Consolidated 2023 activity spanning the continued 2022 Plan (reorganization into two segments, corporate optimization) and the new 2023 Plan (location exits, manufacturing supply-chain rationalization, plus a Q4 2023 planned workforce reduction primarily in OFSE). Charge shown is total 2023 restructuring and impairment charges; within it, employee-related termination expenses were $270M. Charges are not split by plan. Employees affected not disclosed. By segment: OFSE $148M, IET $98M, Corporate $67M.
2023-12-31acquisition_additioncompletedInternationalOilfield Services & Equipmentbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Altus Intervention acquired April 2023 (well intervention services and downhole technology); part of $301M total 2023 cash consideration net of cash acquired, producing $138M goodwill and $58M intangibles. Headcount added not disclosed.
2023-12-31divestiture_reductioncompletedGlobalIndustrial & Energy Technology (Nexus Controls)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Nexus Controls business sold to GE in April 2023 for $293M total cash consideration (part of $293M 2023 disposition proceeds); immaterial gain. Held-for-sale net assets at Dec 31, 2022 were $244M. Headcount removed not disclosed.
2023-12-31restructuringcompleted2022-06-30GlobalCorporate and SegmentsUSD 323 (millions)MD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Charges related to 2022 plan initiated to reorganize into two segments and optimize corporate structure, plus 2023 plan for exit activities and workforce reduction primarily in OFSE. Employee count not explicitly disclosed in text.
2023-12-31acquisition_additioncompleted2023-04-01GlobalOilfield Services & EquipmentMD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Acquisition of Altus Intervention completed in 2023. Headcount impact not explicitly quantified in text.
2023-12-31divestiture_reductioncompleted2023-04-01GlobalIndustrial & Energy TechnologyMD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Sale of Nexus Controls business completed in April 2023. Headcount impact not explicitly quantified in text.
2023-12-31restructuringcompleted2022-06-30GlobalCorporate and SegmentsUSD 323 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Charges related to 2022 Plan (reorganization into two segments) and 2023 Plan (exit activities, supply chain rationalization). Includes employee termination expenses. Specific headcount not disclosed.
2023-12-31restructuringcompleted2023-10-01GlobalOilfield Services & EquipmentMD&A
f5-10k / Qwen3.6-27B-Q8_0
Planned workforce reduction primarily in OFSE incurred in Q4 2023. Included in total restructuring charges.
2023-12-31restructuringin_progressUSD 313,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2023-12-31restructuringin_progressOperating Segments [Member] / Oilfield Services [Member]USD 148,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2023-12-31restructuringin_progressOperating Segments [Member] / Industrial And Energy Technology [Member]USD 98,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2023-12-31restructuringin_progressCorporate, Non-Segment [Member]USD 67,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2023-12-31restructuringin_progressFacility Closing [Member]USD -2,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2023-12-31restructuringin_progressEmployee Severance [Member]USD 270,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2023-12-31restructuringin_progressAsset Relocation [Member]USD 5,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2023-12-31restructuringin_progressContract Termination [Member]USD 1,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2023-12-31restructuringin_progressOther Restructuring [Member]USD 39,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2023-09-30restructuringin_progress2023-12-31GlobalOilfield Services & Equipment; Industrial & Energy Technology; CorporateUSD 158 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Consolidated program combining the 2022 Plan (corporate restructuring tied to segment reorganization) and the 2023 Plan (exit activities at specific locations to rationalize manufacturing footprint); $158M is the nine-month restructuring and impairment charge, not split between plans by the filer. Employee headcount affected is not disclosed. Includes $33M inventory impairment recorded in cost of goods sold. Company expects roughly $30M additional charges in Q4 2023 and plans substantially complete by end of 2023. Nine-month charges by segment: OFSE $46M, IET $68M, Corporate $44M
2023-09-30restructuringin_progress2022-01-012023-12-31GlobalCorporate and SegmentsUSD 5 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Charges related to the '2022 Plan' primarily for employee termination expenses. Filer expects plans to be substantially complete by end of 2023.
2023-09-30restructuringin_progress2023-01-012023-12-31GlobalSegmentsUSD 153 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Charges related to the '2023 Plan' for exit activities at specific locations to rationalize manufacturing supply chain footprint. Total 9-month charge was $158M, of which $5M was 2022 Plan.
2023-09-30restructuringin_progressUSD 5,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-09-30restructuringin_progressOperating Segments [Member] / Oilfield Services [Member]USD 4,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-09-30restructuringin_progressOperating Segments [Member] / Industrial And Energy Technology [Member]USD 2,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-09-30restructuringin_progressCorporate, Non-Segment [Member]USD -1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-09-30restructuringin_progressFacility Closing [Member]USD -5,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-09-30restructuringin_progressEmployee Severance [Member]USD 7,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-09-30restructuringin_progressOther Restructuring [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-06-30restructuringin_progress2023-12-31GlobalCorporate; reorganization into two segments (OFSE and IET)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Announced in Q3 2022 alongside the segment change effective 2022-10-01; exact announcement date not disclosed. Charges driven mainly by employee termination costs; no employee count disclosed. Combined 2022 Plan and 2023 Plan restructuring and impairment charges were $96M (three months) and $152M (six months) of 2023, including employee-related termination costs of $80M and $110M respectively; charges not split by plan. Company expects roughly $45M additional restructuring charges in H2 2023.
2023-06-30restructuringin_progress2023-12-31GlobalOFSE and IET — exit activities at specific locations; manufacturing supply chain rationalizationrestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
New plan initiated during 2023 covering exit activities at specific locations; exact announcement date not disclosed. Includes inventory impairments of $15M (three months) and $33M (six months) recorded in cost of goods sold. No employee count disclosed. Plans expected to be substantially complete by end of 2023.
2023-06-30acquisition_additioncompleted2023-04-30InternationalOilfield Services & Equipment (OFSE) — well intervention services and downhole technologybusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition closed in April 2023 for $282M cash consideration net of cash acquired; headcount added not disclosed. Recorded $113M goodwill and $31M intangibles.
2023-06-30divestiture_reductioncompleted2023-04-30GlobalIndustrial & Energy Technology (IET) — Nexus Controls businessother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale to GE completed in April 2023 for $293M cash proceeds; headcount removed not disclosed.
2023-06-30restructuringin_progress2022-10-012023-12-31GlobalCorporate and SegmentsUSD 152 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Charges related to the '2022 Plan' (announced Q3 2022, effective Oct 1, 2022) and '2023 Plan'. Includes employee termination expenses for reorganization into two segments and corporate restructuring. Expected to be substantially completed by end of 2023.
2023-06-30acquisition_additioncompleted2023-04-012023-04-01GlobalOilfield Services & Equipmentbusiness_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquisition of Altus Intervention in April 2023. Headcount not explicitly disclosed.
2023-06-30divestiture_reductioncompleted2023-04-012023-04-01GlobalIndustrial & Energy Technologybusiness_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Sale of Nexus Controls business to GE in April 2023. Headcount not explicitly disclosed.
2023-06-30restructuringin_progressUSD 96,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-06-30restructuringin_progressOperating Segments [Member] / Oilfield Services [Member]USD 26,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-06-30restructuringin_progressOperating Segments [Member] / Turbomachinery and Process Solutions [Member]USD 52,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-06-30restructuringin_progressCorporate, Non-Segment [Member]USD 17,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-06-30restructuringin_progressFacility Closing [Member]USD -1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-06-30restructuringin_progressEmployee Severance [Member]USD 80,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-06-30restructuringin_progressOther Restructuring [Member]USD 17,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-03-31restructuringin_progress20222023-12-31Company-wide (two-segment reorganization into OFSE and IET)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
The '2022 Plan' was announced in Q3 2022 alongside the reorganization from four to two operating segments effective 2022-10-01; charges in Q1 2023 were primarily employee termination expenses. No employee count disclosed. Q1 2023 restructuring and impairment charges totaled $56M across both this plan and the 2023 Plan (OFSE $15M, IET $14M, Corporate $27M); the filing expects roughly $145M of additional 2023 charges, substantially complete by year-end 2023 with most in H1 2023.
2023-03-31restructuringin_progress2023-12-31OFSE and IET segments — exit activities at specific locations; manufacturing supply chain footprint rationalizationrestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
The '2023 Plan' covers exit activities at specific locations to align with market outlook and rationalize the manufacturing footprint; no announcement date or employee count disclosed. Included in the combined $56M Q1 2023 charge and the expected ~$145M of additional 2023 charges noted above. Related inventory impairments of $18M (predominantly OFSE) were recorded in cost of goods sold.
2023-03-31divestiture_reductioncompleted2022-07-012023-04-03Industrial & Energy Technology — Nexus Controls businessother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreement with GE to sell the Nexus Controls business entered in July 2022 (month only; day not disclosed); sale completed 2023-04-03 with an immaterial gain. Disposal group held for sale at quarter end included $329M assets and $83M liabilities; no headcount disclosed. GE will continue supplying Mark controls products from the portfolio.
2023-03-31acquisition_additioncompleted2023-04-30InternationalOilfield Services & Equipment — well intervention services and downhole technologyMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Altus Intervention closed in April 2023 (subsequent event; exact close date not disclosed, expected_completion_date reflects month end). Intended to enhance OFSE intervention solutions and add technology scalable into new geographic markets. No headcount disclosed; no business combinations footnote in this filing.
2023-03-31restructuringin_progress2022-07-012023-12-31GlobalCorporate and SegmentsUSD 56 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Charges related to the '2022 Plan' (announced Q3 2022) and '2023 Plan'. Includes employee termination expenses and exit activities. Filer expects to incur additional charges of approx $145 million in 2023. No specific headcount affected disclosed for Q1 2023.
2023-03-31restructuringin_progressUSD 56,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-03-31restructuringin_progressOperating Segments [Member] / Oilfield Services [Member]USD 15,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-03-31restructuringin_progressOperating Segments [Member] / Turbomachinery and Process Solutions [Member]USD 14,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-03-31restructuringin_progressCorporate, Non-Segment [Member]USD 27,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-03-31restructuringin_progressFacility Closing [Member]USD 15,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-03-31restructuringin_progressEmployee Severance [Member]USD 31,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-03-31restructuringin_progressOther Restructuring [Member]USD 10,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-12-31restructuringin_progress2022-092023-12-31Oilfield Services & EquipmentUSD 121 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
OFSE-attributed portion of the restructuring plan announced September 2022 in conjunction with the reorganization from four to two operating segments (effective October 1, 2022). Charges include employee termination expenses and PP&E impairments from exit activities at specific OFSE locations to rationalize the manufacturing supply chain footprint. Approximately $100 million of additional charges expected in 2023; employees affected not disclosed.
2022-12-31restructuringin_progress2022-092023-12-31Industrial & Energy TechnologyUSD 36 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
IET-attributed portion of the same Q3 2022 restructuring plan tied to the two-segment reorganization; employees affected not disclosed.
2022-12-31restructuringin_progress2022-092023-12-31CorporateUSD 39 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Corporate-attributed portion of the same Q3 2022 restructuring plan; company-wide employee-related termination expenses under the plan were $121 million in 2022. Employees affected not disclosed.
2022-12-31divestiture_reductioncompleted2022-062022-11RussiaOilfield Services & EquipmentUSD 451 (millions)business_combinations_footnote
f5-10k / GLM-5.3-flash-HTML
Committed in Q2 2022 to sell part of the OFSE Russia business; completed November 2022 via sale to local management for a nominal amount. Pretax loss of $426 million on held-for-sale classification plus an additional $25 million loss at completion (aggregate $451 million per MD&A). Employees affected not disclosed.
2022-12-31othercompleted2022-03-19RussiaCompany-wideUSD 334 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Suspension of new Russia investments announced March 19, 2022; substantially all Russia operational activities suspended in Q2 2022, including work on equipment and service contracts (including IET LNG contracts). Q2 2022 charges of $334 million, plus a $31 million inventory impairment recorded in cost of goods sold. Headcount impact not disclosed.
2022-12-31acquisition_additioncompleted2022OFSE and IETbusiness_combinations_footnote
f5-10k / GLM-5.3-flash-HTML
Acquisitions completed during 2022 include BRUSH Power Generation, Quest Integrity, AccessESP and Mosaic Materials for total cash consideration of $767 million, net of $50 million cash acquired; $458 million of goodwill and $211 million of intangibles recorded. Headcount added not disclosed.
2022-12-31acquisition_additionannounced20222023-06Oilfield Services & EquipmentMD&A
f5-10k / GLM-5.3-flash-HTML
Agreement entered in 2022 to acquire Altus Intervention, a provider of well intervention services and downhole technology; expected to close in the first half of 2023. Headcount not disclosed.
2022-12-31divestiture_reductionannounced2022-072023-06Industrial & Energy Technologyother
f5-10k / GLM-5.3-flash-HTML
Agreement with GE signed July 2022 to sell the Nexus Controls business; classified as held for sale at December 31, 2022 with $244 million of net assets; expected to close mid-2023. Headcount not disclosed.
2022-12-31restructuringin_progress2022-092023-12-31GlobalCorporate; Oilfield Services & Equipment; Industrial & Energy TechnologyUSD 196 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
FY2022 restructuring and impairment charges of $196M, including $121M employee termination expenses, $58M PP&E impairments and $3M asset relocation; company expects roughly $100M of additional charges in 2023 and completion by end of 2023. Employees affected not quantified.
2022-12-31restructuringcompleted2022-062022-12-31RussiaIndustrial & Energy Technology (LNG contracts) and broader operationsUSD 334 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Suspension of substantially all Russia operational activities, including all IET LNG contracts, with impairment of contract assets, PP&E and an accounts receivable reserve; a further $31M inventory impairment was recorded in cost of goods sold. Headcount affected not disclosed.
2022-12-31divestiture_reductioncompleted2022-062022-11-30RussiaOilfield Services & EquipmentUSD 451 (millions)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of part of the OFSE Russia business to local management for a nominal amount, completed November 2022; total pre-tax loss of $451M ($426M held-for-sale measurement plus $25M on closing), reported in other non-operating loss. Headcount transferred not disclosed.
2022-12-31divestiture_reductionannounced2022-072023-06-30GlobalIndustrial & Energy Technology — Nexus Controlsother
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Agreement with GE to sell Nexus Controls, classified as held for sale at 2022 year-end with $337M assets and $93M liabilities; expected to close mid-2023 subject to regulatory approvals. Carrying value expected to approximate fair value less costs to sell; headcount not disclosed.
2022-12-31acquisition_additioncompleted2022-12-31GlobalOilfield Services & Equipment; Industrial & Energy TechnologyUSD 767 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Several 2022 acquisitions (including BRUSH Power Generation, Quest Integrity, AccessESP and Mosaic Materials) for $767M cash net of cash acquired, generating $458M goodwill and $211M intangibles. Headcount added not disclosed; charge field reflects cash consideration, not a severance charge.
2022-12-31acquisition_additionannounced2022-12-312023-06-30GlobalOilfield Services & Equipment — well interventionMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Agreement to acquire Altus Intervention, an international well intervention and downhole technology provider, expected to close in the first half of 2023. Announcement date not specified beyond 2022; headcount not disclosed.
2022-12-31restructuringcompleted2022-09-01GlobalOilfield Services & Equipment; Industrial & Energy TechnologyUSD 682 (millions)MD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Announced reorganization to create two operating segments (OFSE and IET) effective October 1, 2022. Charges of $682 million recognized in 2022 primarily related to suspension of Russia operations, reorganization costs, and asset impairments. Specific employee count not disclosed.
2022-12-31divestiture_reductioncompleted2022-03-192022-12-31RussiaOilfield Services & EquipmentItem_1_Business
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Sale of part of OFSE Russia business completed in Q4 2022. Suspension of substantially all operational activities in Russia. Employee count not disclosed.
2022-12-31restructuringin_progress2022-09-012023-12-31GlobalOilfield Services & Equipment; Industrial & Energy TechnologyUSD 196 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Announced September 2022, effective October 1, 2022. Charges of $196 million recorded in 2022 primarily for employee termination expenses and PP&E impairments. Expected to incur additional charges of approximately $100 million in 2023.
2022-12-31restructuringcompleted2022-02-012022-12-31RussiaOilfield Services & Equipment; Industrial & Energy TechnologyUSD 334 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Suspension of substantially all operational activities in Russia. Charges of $334 million recorded in Q2 2022 associated with suspension of contracts and impairment of assets.
2022-12-31restructuringin_progressUSD 196,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2022-12-31restructuringin_progressOperating Segments [Member] / Oilfield Services [Member]USD 121,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2022-12-31restructuringin_progressOperating Segments [Member] / Industrial And Energy Technology [Member]USD 36,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2022-12-31restructuringin_progressCorporate, Non-Segment [Member]USD 39,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2022-12-31restructuringin_progressFacility Closing [Member]USD 58,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2022-12-31restructuringin_progressEmployee Severance [Member]USD 121,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2022-12-31restructuringin_progressAsset Relocation [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2022-12-31restructuringin_progressContract Termination [Member]USD 1,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2022-12-31restructuringin_progressOther Restructuring [Member]USD 13,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2022-09-30restructuringin_progress2022-07-012022-10-01GlobalCompany-wide (reorganization into OFSE and IET segments)USD 77 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Employee termination costs of $77M in Q3 2022 ($106M YTD) driven by reorganization into two segments effective 2022-10-01; no employee count disclosed. Announcement date set to quarter start as filing gives no specific date.
2022-09-30restructuringin_progress2022-07-01GlobalOilfield Services and Oilfield Equipment (footprint rationalization)USD 65 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q3 2022 PP&E impairments and other costs tied to exit activities at specific OFE and OFS locations; no employee count disclosed.
2022-09-30divestiture_reductionin_progress2022-06-302022-12-31RussiaOilfield Services (Russia business)USD 426 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
OFS Russia classified held for sale in Q2 2022 with $426M loss; sale agreement to local management entered 2022-08-01; substantially all Russia operations suspended. No headcount disclosed.
2022-09-30divestiture_reductionannounced2022-07-012023-06-30GlobalDigital Solutions (Nexus Controls)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreement with GE to sell Nexus Controls product line entered July 2022; expected completion mid-2023 subject to regulatory approvals. No headcount disclosed.
2022-09-30acquisition_additioncompleted2022-10-072022-10-07United KingdomTurbomachinery & Process Solutions (Power Generation division of BRUSH Group)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Closed 2022-10-07, after quarter end; no headcount or purchase price disclosed in this filing.
2022-09-30acquisition_additionannounced2022-07-01GlobalOilfield Services / Turbomachinery & Process Solutions (Quest Integrity and AccessESP)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisitions announced during Q3 2022, not yet closed as of filing; no headcount or deal values disclosed.
2022-09-30restructuringin_progress2022-09-30GlobalOilfield Services, Oilfield Equipment, CorporateUSD 146 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Announced in Q3 2022, effective Oct 1, 2022. Charges relate primarily to employee termination expenses and PP&E impairments to facilitate reorganization into two segments. Employee count not disclosed.
2022-09-30divestiture_reductionin_progress2022-08-012022-12-31RussiaOilfield ServicesUSD 426 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Agreement entered to sell OFS Russia business to local management. Classified as held for sale in Q2 2022. Employee count not disclosed.
2022-09-30divestiture_reductionannounced2022-07-012023-06-30GlobalDigital Solutionsrestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Agreement entered with GE to sell Nexus Controls business. Expected completion mid-2023. Employee count not disclosed.
2022-09-30restructuringin_progressUSD 146,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-09-30restructuringin_progressOperating Segments [Member] / Oilfield Services [Member]USD 40,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-09-30restructuringin_progressOperating Segments [Member] / Oilfield Equipment [Member]USD 62,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-09-30restructuringin_progressOperating Segments [Member] / Turbomachinery and Process Solutions [Member]USD 6,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-09-30restructuringin_progressOperating Segments [Member] / Digital Solutions [Member]USD 19,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-09-30restructuringin_progressCorporate, Non-Segment [Member]USD 19,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-09-30restructuringin_progressFacility Closing [Member]USD 65,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-09-30restructuringin_progressEmployee Severance [Member]USD 77,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-09-30restructuringin_progressOther Restructuring [Member]USD 4,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-06-30restructuringin_progress2022-03-19RussiaOilfield Services; Turbomachinery & Process SolutionsUSD 362 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Suspension of substantially all Russia operations, including all TPS LNG contracts; charges comprise $25M restructuring/impairment (employee terminations from headcount reduction) and $337M other charges; a further $31M inventory impairment is recorded in cost of goods sold. No employee count disclosed. New investments in Russia suspended as of 2022-03-19.
2022-06-30divestiture_reductionannounced2022-12-31RussiaOilfield ServicesUSD 426 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Plan to sell the OFS Russia business committed during Q2 2022 (exact announcement date not disclosed); held-for-sale measurement produced a $426M loss recorded in other non-operating loss, net. Sale expected to complete by end of 2022 subject to regulatory approval. No employee count disclosed.
2022-06-30restructuringin_progressOilfield ServicesUSD 25 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Six-month 2022 restructuring and impairment charges of $29M (Q2: $25M) predominantly in OFS for employee termination expenses from headcount reduction; no employee count disclosed.
2022-06-30restructuringin_progress2022-04-01GlobalOilfield ServicesUSD 25 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Q2 2022 charges of $25M primarily for employee-related termination expenses from reducing headcount in OFS segment.
2022-06-30restructuringcompleted2022-01-012022-06-30GlobalOilfield Services; Turbomachinery & Process SolutionsUSD 4 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
YTD 2022 total restructuring/impairment charges were $29M. Q2 was $25M, implying $4M in Q1 2022. Charges related to employee termination expenses and product line rationalization.
2022-06-30restructuringin_progressUSD 25,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-03-31acquisition_additionannounced2022-03-312022-12-31InternationalOilfield ServicesMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreement announced during Q1 2022; well intervention services and downhole technology provider; expected to close in second half of 2022; no headcount disclosed; announcement date not specified beyond the quarter
2022-03-31acquisition_additionannounced2022-04-01United Statesothersubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
April 2022 subsequent event; growth-stage direct air capture technology company; no headcount disclosed; exact April date not specified
2022-03-31restructuringcompletedTurbomachinery & Process SolutionsUSD 61 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Charges predominately in TPS segment for write-off of equity method investment and release of foreign currency translation adjustments.
2021-12-31restructuringin_progressOilfield ServicesUSD 121 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
FY2021 charge under the continuing structural cost right-sizing program that continues the plan announced in Q1 2020. No affected headcount or completion date disclosed. Program-wide FY2021 employee termination expenses were $99 million of $138 million total restructuring and impairment charges; a further $71 million of 'other' charges in the same caption (litigation matters, currency translation releases) is excluded as non-workforce.
2021-12-31restructuringin_progressTurbomachinery & Process SolutionsUSD 9 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Segment allocation of FY2021 restructuring and impairment charges under the same continuing program; no headcount disclosed.
2021-12-31restructuringin_progressDigital SolutionsUSD 2 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Segment allocation of FY2021 restructuring and impairment charges under the same continuing program; no headcount disclosed.
2021-12-31restructuringin_progressCorporateUSD 6 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Corporate allocation of FY2021 restructuring and impairment charges under the same continuing program; no headcount disclosed.
2021-12-31divestiture_reductioncompletedOilfield Equipment (subsea drilling systems)other
f5-10k / GLM-5.3-flash-HTML
Transaction with Akastor ASA closed in October 2021; the subsea drilling systems business was contributed to a joint venture and removed from consolidated Oilfield Equipment operations in exchange for 50% of JV shares, $70 million cash and an $80 million promissory note. Headcount impact not disclosed; transaction resulted in an immaterial gain.
2021-12-31restructuringin_progressGlobalOilfield ServicesUSD 209 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
FY2021 charges of $209M primarily tied to OFS right-sizing of structural costs; includes $138M restructuring/impairment (of which $99M employee-related termination expenses) plus $71M other charges. No employee count disclosed. FY2021 activity only.
2021-12-31divestiture_reductioncompleted2021-10-012021-10-31GlobalOilfield Equipment — subsea drilling systemsdiscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Subsea drilling systems business contributed to JV with Akastor ASA in October 2021; deconsolidated from OFE. Consideration: 50% JV shares, $70M cash, $80M promissory note. No headcount disclosed.
2021-12-31acquisition_additioncompletedGlobalIndustrial Asset Management / Digital SolutionsMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
FY2021 acquisitions of business interests in ARMS Reliability, Augury, Ekona Power and Electrochaea totaling $179M invested; no headcount added disclosed.
2021-12-31divestiture_reductioncompletedGlobalOilfield Equipment — surface pressure control flow businessdiscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale completed October 2020; referenced in FY2021 OFE revenue decline as a comparability driver. Prior-year action, no FY2021 headcount impact disclosed.
2021-12-31restructuringcompleted2021-01-012021-12-31GlobalOilfield ServicesUSD 121 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Charges primarily related to initiatives in OFS segment to right-size structural costs. Employee termination expenses were $99 million total across all segments.
2021-12-31restructuringcompleted2021-01-012021-12-31GlobalCorporateUSD 6 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Corporate restructuring charges.
2021-12-31restructuringcompleted2021-01-012021-12-31GlobalTurbomachinery & Process SolutionsUSD 9 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
TPS restructuring charges.
2021-12-31restructuringcompleted2021-01-012021-12-31GlobalDigital SolutionsUSD 2 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
DS restructuring charges.
2021-12-31divestiture_reductioncompleted2021-10-012021-10-31GlobalOilfield Equipmentbusiness_combinations_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Contribution of subsea drilling systems business to joint venture with Akastor ASA. Resulted in immaterial gain.
2021-12-31restructuringcompleted2021-01-012021-12-31GlobalOilfield ServicesUSD 121 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Charges primarily related to initiatives in OFS segment to right-size structural costs. Employee count not explicitly disclosed for 2021 actions.
2021-12-31restructuringcompleted2021-01-012021-12-31GlobalTurbomachinery & Process SolutionsUSD 9 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Restructuring charges in TPS segment.
2021-12-31restructuringcompleted2021-01-012021-12-31GlobalDigital SolutionsUSD 2 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Restructuring charges in DS segment.
2021-12-31restructuringcompleted2021-01-012021-12-31GlobalCorporateUSD 6 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Restructuring charges in Corporate.
2021-12-31restructuringin_progressOperating Segments [Member] / Oilfield Services [Member]USD 121,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2021-12-31restructuringin_progressOperating Segments [Member] / Oilfield Equipment [Member]USD 0 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2021-12-31restructuringin_progressOperating Segments [Member] / Turbomachinery and Process Solutions [Member]USD 9,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2021-12-31restructuringin_progressOperating Segments [Member] / Digital Solutions [Member]USD 2,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2021-12-31restructuringin_progressCorporate, Non-Segment [Member]USD 6,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2021-12-31restructuringin_progressUSD 138,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2021-12-31restructuringin_progressFacility Closing [Member]USD 7,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2021-12-31restructuringin_progressEmployee Severance [Member]USD 99,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2021-12-31restructuringin_progressAsset Relocation [Member]USD 20,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2021-12-31restructuringin_progressContract Termination [Member]USD 2,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2021-12-31restructuringin_progressOther Restructuring [Member]USD 10,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2021-09-30restructuringin_progressPrimarily Oilfield Services segment; globalOilfield Services (primarily); corporateUSD 219 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Charge of $219M for nine months ended 2021-09-30, of which $14M in Q3 2021; includes $94M employee-related termination expenses YTD. Ongoing program to right-size structural costs; no employee counts or completion dates disclosed.
2021-09-30divestiture_reductioncompleted2021-03-312021-10-01GlobalOilfield Equipment — subsea drilling systems (SDS) businesssubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
SDS business contributed to 50-50 HMH JV with Akastor ASA; transaction closed 2021-10-01 (after quarter end). Net assets contributed of $354M; no headcount figures disclosed.
2021-09-30restructuringin_progressGlobalOilfield ServicesUSD 14 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Charges primarily related to employee termination expenses from reducing headcount in certain geographical locations and product line rationalization.
2021-09-30restructuringin_progressGlobalOilfield EquipmentUSD 3 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Charges primarily related to employee termination expenses and product line rationalization.
2021-09-30restructuringin_progressGlobalTurbomachinery & Process SolutionsUSD -3 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Negative charge indicates gains on dispositions of previously impaired assets.
2021-09-30restructuringin_progressGlobalDigital SolutionsUSD 0 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
No restructuring charges reported for this segment in the three months ended Sept 30, 2021.
2021-09-30restructuringin_progressOperating Segments [Member] / Oilfield Services [Member]USD 14,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-09-30restructuringin_progressOperating Segments [Member] / Oilfield Equipment [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-09-30restructuringin_progressOperating Segments [Member] / Turbomachinery and Process Solutions [Member]USD -3,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-09-30restructuringin_progressOperating Segments [Member] / Digital Solutions [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-09-30restructuringin_progressCorporate, Non-Segment [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-09-30restructuringin_progressUSD 14,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-09-30restructuringin_progressFacility Closing [Member]USD -1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-09-30restructuringin_progressEmployee Severance [Member]USD 1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-09-30restructuringin_progressContract Termination [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-09-30restructuringin_progressOther Restructuring [Member]USD 11,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-06-30restructuringin_progressGlobalPrimarily Oilfield Services; charges also in TPS, DS, OFE and CorporateUSD 205 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Six months ended June 30, 2021 charges; continuation of program to right-size structural costs for lower activity levels. Includes $130M restructuring and impairment (of which $93M employee-related termination expenses) plus $75M other charges. No employee headcount affected is disclosed; Q2 2021 portion was $125M. Segment split for six months: OFS $105M, TPS $14M, Corporate $7M, DS $3M, OFE $1M.
2021-06-30restructuringin_progressGlobalOilfield ServicesUSD 53 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Charges primarily related to employee termination expenses from reducing headcount in certain geographical locations and product line rationalization.
2021-06-30restructuringin_progressGlobalTurbomachinery & Process SolutionsUSD 6 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Charges primarily related to employee termination expenses and product line rationalization.
2021-06-30restructuringin_progressGlobalDigital SolutionsUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Charges primarily related to employee termination expenses and product line rationalization.
2021-06-30restructuringin_progressGlobalCorporateUSD 5 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Charges primarily related to employee termination expenses and product line rationalization.
2021-06-30restructuringin_progressOperating Segments [Member] / Oilfield Services [Member]USD 53,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-06-30restructuringin_progressOperating Segments [Member] / Oilfield Equipment [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-06-30restructuringin_progressOperating Segments [Member] / Turbomachinery and Process Solutions [Member]USD 6,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-06-30restructuringin_progressOperating Segments [Member] / Digital Solutions [Member]USD 1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-06-30restructuringin_progressCorporate, Non-Segment [Member]USD 5,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-06-30restructuringin_progressUSD 65,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-06-30restructuringin_progressFacility Closing [Member]USD 34,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-06-30restructuringin_progressEmployee Severance [Member]USD 23,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-06-30restructuringin_progressContract Termination [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-06-30restructuringin_progressOther Restructuring [Member]USD 8,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-03-31restructuringin_progressMultiple geographies; headcount reductions in certain geographical locationsPrimarily Oilfield Services; charges also in Oilfield Equipment, Turbomachinery & Process Solutions, Digital Solutions and CorporateUSD 70 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Continuation of the 2020 restructuring initiative; $70M of employee-related termination expenses within $65M net restructuring and impairment charges ($80M total line item including $15M other charges) for the three months ended March 31, 2021. No employee count disclosed; no announcement date or completion date stated.
2021-03-31divestiture_reductionannounced2021-03-312021-12-31GlobalOilfield Equipment — Subsea Drilling Systems (SDS) businessother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
March 2021 agreement with Akastor ASA to form a 50-50 JV; SDS business classified as held for sale at March 31, 2021 with net assets of $355M. Expected to close in the second half of 2021 subject to regulatory approvals. No headcount associated with the transfer is disclosed.
2021-03-31restructuringin_progressGlobalOilfield Services, Oilfield Equipment, Turbomachinery & Process Solutions, Digital Solutions, CorporateUSD 65 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Charges primarily related to employee termination expenses from reducing headcount in certain geographical locations and product line rationalization. Specific employee count not disclosed.
2021-03-31restructuringin_progressOperating Segments [Member] / Oilfield Services [Member]USD 52,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-03-31restructuringin_progressOperating Segments [Member] / Oilfield Equipment [Member]USD 1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-03-31restructuringin_progressOperating Segments [Member] / Turbomachinery and Process Solutions [Member]USD 8,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-03-31restructuringin_progressOperating Segments [Member] / Digital Solutions [Member]USD 2,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-03-31restructuringin_progressCorporate, Non-Segment [Member]USD 2,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-03-31restructuringin_progressUSD 65,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-03-31restructuringin_progressFacility Closing [Member]USD -12,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-03-31restructuringin_progressEmployee Severance [Member]USD 70,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-03-31restructuringin_progressContract Termination [Member]USD 1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-03-31restructuringin_progressOther Restructuring [Member]USD 6,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-12-31restructuringcompleted20202020-12-31GlobalCompany-wide — Oilfield Services, Oilfield Equipment, Turbomachinery & Process Solutions, Digital Solutions, CorporateUSD 1,866 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Plan approved in Q1 2020 at $1.8 billion, increased by $0.3 billion during the year (~$2.1 billion total) in response to COVID-19 and the oil-price collapse. Comprises $903M restructuring/impairment charges (employee-related termination expenses $464M; PP&E impairments $385M), $963M other charges (intangible impairments, litigation, corporate facility rationalization), plus $246M inventory impairments in cost of goods sold. Charge allocation by segment: OFS $675M, OFE $125M, TPS $35M, DS $54M, Corporate $14M. Included headcount reductions in certain geographies and product line exits, but affected-employee counts were not disclosed. Operating cash payments of $670M in 2020 related primarily to employee severance and GE separation costs. Filer states substantially all activities and charges of the original plan were completed by December 31, 2020.
2020-12-31divestiture_reductioncompleted2020-06Oilfield Services — Rod Lift Systems businessUSD 216 (millions)other
f5-10k / GLM-5.3-flash-HTML
Sale of the Rod Lift Systems business (rod lift products, technologies and services) completed in June 2020; resulted in a pre-tax loss of $216 million reported in other non-operating income. Headcount removed with the disposition was not disclosed.
2020-12-31divestiture_reductioncompleted2020-10Oilfield Equipment — Surface Pressure Control Flow businessUSD 137 (millions)other
f5-10k / GLM-5.3-flash-HTML
Sale of the Surface Pressure Control Flow business (onshore surface wellhead and surface tree systems) completed in October 2020; resulted in a pre-tax loss of $137 million. Headcount removed with the disposition was not disclosed.
2020-12-31acquisition_additioncompleted2020Energy transition solutions — carbon capture technologyItem_1_Business
f5-10k / GLM-5.3-flash-HTML
Acquired Compact Carbon Capture, a carbon capture technology development company, during 2020 to advance industrial decarbonization; exact transaction date and headcount added were not disclosed.
2020-12-31restructuringcompleted2020-032020-12-31GlobalAll four operating segments and corporate functionsUSD 1,866 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
2020 Plan approved in Q1 2020 at $1.8B, increased by $0.3B during the year. FY2020 charges of $1,866M include $464M employee-related termination expenses and $385M PP&E impairments; MD&A reports total restructuring and other costs of $2.1B including $246M inventory impairments. Substantially all activities completed by 2020-12-31. No headcount affected disclosed.
2020-12-31divestiture_reductioncompleted2020-062020-06-30GlobalOilfield Services — Rod Lift Systems businessUSD 216 (millions)other
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale completed June 2020; associated charge is the disclosed loss before income taxes on the sale, not severance. No headcount disclosed.
2020-12-31divestiture_reductioncompleted2020-102020-10-31GlobalOilfield Equipment — Surface Pressure Control Flow businessUSD 137 (millions)other
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale completed October 2020; associated charge is the disclosed loss before income taxes on the sale, not severance. No headcount disclosed.
2020-12-31restructuringcompleted2020-03-31GlobalAll segments and corporate functionsUSD 2,100 (millions)MD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Plan approved in Q1 2020 totaling $1.8 billion, increased by $0.3 billion during the year. Total restructuring and other costs were $2.1 billion. Charges primarily related to workforce reductions, product line exits, and write-downs. Cash payback expected to be less than one year.
2020-12-31restructuringcompleted2020-03-312020-12-31GlobalAll segments and corporate functionsUSD 2,100 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Plan approved in Q1 2020 for $1.8 billion, increased by $0.3 billion during the year. Total restructuring and other costs were $2.1 billion. Charges related to workforce reductions, product line exits, and write-downs. Filer states 'Substantially all of the activities and charges associated with the original 2020 Plan were completed by December 31, 2020' (Note 20). Employee count affected is not explicitly disclosed in the text.
2020-12-31restructuringin_progressUSD 903,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-12-31restructuringin_progressOperating Segments [Member] / Oilfield Services [Member]USD 675,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-12-31restructuringin_progressOperating Segments [Member] / Oilfield Equipment [Member]USD 125,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-12-31restructuringin_progressOperating Segments [Member] / Turbomachinery and Process Solutions [Member]USD 35,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-12-31restructuringin_progressOperating Segments [Member] / Digital Solutions [Member]USD 54,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-12-31restructuringin_progressCorporate, Non-Segment [Member]USD 14,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-12-31restructuringin_progressFacility Closing [Member]USD 385,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-12-31restructuringin_progressEmployee Severance [Member]USD 464,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-12-31restructuringin_progressAsset Relocation [Member]USD 15,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-12-31restructuringin_progressContract Termination [Member]USD 23,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-12-31restructuringin_progressOther Restructuring [Member]USD 16,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-09-30restructuringin_progress2020-03-31GlobalCompany-wide, across all segments and corporate functionsUSD 1,800 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Approved in Q1 2020 in response to COVID-19 and oil price decline; covers workforce reductions, product line exits, and inventory/intangible write-downs. No employee count disclosed. Cash expenditures expected to total approximately $500 million with payback under one year.
2020-09-30divestiture_reductioncompleted2020-06-30GlobalOilfield Services — Rod Lift Systems businessUSD 217 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of Rod Lift Systems business completed June 30, 2020; loss before income taxes of approximately $217 million reported in other non-operating loss. No headcount figure disclosed.
2020-09-30divestiture_reductionin_progress2020-09-03GlobalOilfield Equipment — Surface Pressure Control Flow businessUSD 129 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreement to sell non-strategic SPC Flow product line signed September 3, 2020; classified held for sale at quarter-end with a $129 million write-down to fair value less costs to sell. No headcount figure disclosed.
2020-09-30restructuringin_progress2020-03-31GlobalAll segmentsUSD 1,637 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Approved in Q1 2020 ($1.8B plan). YTD 2020 charges of $1.637B include $406M in employee-related termination expenses. Specific headcount affected not disclosed in this filing.
2020-09-30restructuringin_progressOperating Segments [Member] / Oilfield Services [Member]USD 144,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-09-30restructuringin_progressOperating Segments [Member] / Oilfield Equipment [Member]USD 21,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-09-30restructuringin_progressOperating Segments [Member] / Turbomachinery and Process Solutions [Member]USD 7,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-09-30restructuringin_progressOperating Segments [Member] / Digital Solutions [Member]USD 18,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-09-30restructuringin_progressCorporate, Non-Segment [Member]USD 1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-09-30restructuringin_progressUSD 191,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-09-30restructuringin_progressFacility Closing [Member]USD 65,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-09-30restructuringin_progressEmployee Severance [Member]USD 108,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-09-30restructuringin_progressContract Termination [Member]USD 1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-09-30restructuringin_progressOther Restructuring [Member]USD 17,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-06-30restructuringin_progress2020-12-31GlobalCompany-wide, across all segments and corporate functionsUSD 1,800 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Plan approved in Q1 2020 in response to COVID-19 and oil price decline; ~$1.5B recorded in Q1 and ~$0.1B in Q2. Includes employee termination expenses of $298M for the six months ended June 30, 2020 ($26M in Q2) plus inventory impairments of $176M YTD. Expected cash expenditures ~$500M with payback under one year; almost all remaining charges expected by end of 2020. No headcount affected disclosed.
2020-06-30divestiture_reductioncompleted2020-06-30Not disclosedOilfield Services — Rod Lift Systems businessUSD 228 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of Rod Lift Systems business completed June 30, 2020; $228M pre-tax loss reported in other non-operating loss, net. Headcount transferred with the business not disclosed.
2020-06-30restructuringin_progress2020-03-312020-12-31GlobalAll segmentsUSD 1,800 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Plan approved in Q1 2020 to right-size operations. Includes headcount reductions, product line exits, and asset write-downs. Employee count not explicitly disclosed in this filing.
2020-06-30divestiture_reductioncompleted2020-06-302020-06-30GlobalOilfield ServicesUSD -228 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Sale of Rod Lift Systems (RLS) business completed June 30, 2020. Resulted in $228 million loss. Headcount removed not explicitly disclosed.
2020-06-30restructuringin_progressOperating Segments [Member] / Oilfield Services [Member]USD 14,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-06-30restructuringin_progressOperating Segments [Member] / Oilfield Equipment [Member]USD 1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-06-30restructuringin_progressOperating Segments [Member] / Turbomachinery and Process Solutions [Member]USD 12,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-06-30restructuringin_progressOperating Segments [Member] / Digital Solutions [Member]USD 10,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-06-30restructuringin_progressCorporate, Non-Segment [Member]USD 6,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-06-30restructuringin_progressUSD 43,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-06-30restructuringin_progressFacility Closing [Member]USD 8,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-06-30restructuringin_progressEmployee Severance [Member]USD 26,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-06-30restructuringin_progressContract Termination [Member]USD 1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-06-30restructuringin_progressOther Restructuring [Member]USD 8,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-03-31restructuringin_progress2020-09-30GlobalAll segments and corporate functionsUSD 1,800 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Plan approved in Q1 2020 in response to COVID-19 and oil price decline; covers workforce reductions, product line exits and inventory/intangible write-downs. Approximately $1.5 billion of charges recorded in Q1 2020 (including $1,325M restructuring, impairment and other charges and $160M inventory impairments, of which $272M was employee-related termination expense). No employee headcount affected was disclosed. Remaining charges expected in Q2 or Q3 2020; expected cash expenditures ~$500 million.
2020-03-31restructuringin_progress2020-03-31GlobalAll SegmentsUSD 1,800 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Company approved a plan of $1.8 billion primarily associated with rationalizing certain product lines and restructuring business to right-size operations. Includes $1.5 billion recorded in Q1 2020. Filer does not disclose specific employee count affected, only that it involves 'reductions in work force' and 'product line exits'.
2020-03-31restructuringin_progressOperating Segments [Member] / Oilfield Services [Member]USD 296,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-03-31restructuringin_progressOperating Segments [Member] / Oilfield Equipment [Member]USD 98,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-03-31restructuringin_progressOperating Segments [Member] / Turbomachinery and Process Solutions [Member]USD 8,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-03-31restructuringin_progressOperating Segments [Member] / Digital Solutions [Member]USD 24,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-03-31restructuringin_progressCorporate, Non-Segment [Member]USD 9,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-03-31restructuringin_progressUSD 435,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-03-31restructuringin_progressFacility Closing [Member]USD 141,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-03-31restructuringin_progressEmployee Severance [Member]USD 272,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-03-31restructuringin_progressContract Termination [Member]USD 21,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-03-31restructuringin_progressOther Restructuring [Member]USD 1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-12-31restructuringin_progressGlobalAll four reportable segments and CorporateUSD 314 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Various restructuring plans approved globally during current and prior periods to consolidate manufacturing and service facilities, rationalize product lines, and reduce headcount across functions. FY2019 charge of $314M comprises employee-related termination expenses of $179M, PP&E impairments $107M, contract termination fees $12M, EHS remediation $11M, asset relocation $4M, and other incremental costs $1M. Charges excluded from reported segment results: Oilfield Services $211M, Oilfield Equipment $18M, Turbomachinery & Process Solutions $48M, Digital Solutions $15M, Corporate $22M. Approximately $11M of additional charges expected in future periods as plans reach completion. Number of employees affected not disclosed.
2019-12-31divestiture_reductioncompleted2019-05-01Industrial steam turbine (IST) product lines businessother
f5-10k / GLM-5.3-flash-HTML
Previously announced transfer of the assets, liabilities and employees of the industrial steam turbine business to GE under a stock and asset purchase agreement, closed effective May 1, 2019. BHGE LLC paid GE $13 million plus working capital adjustments at closing. Headcount transferred not disclosed.
2019-12-31divestiture_reductioncompleted2019-07Turbomachinery & Process Solutions — high-speed reciprocating compression (Recip) businessother
f5-10k / GLM-5.3-flash-HTML
Completed sale of the Recip business, based in Houston, Texas, for total consideration of $77 million; resulted in a pre-tax loss of $138 million recorded in other non-operating income (loss), net. Headcount affected or transferred not disclosed.
2019-12-31restructuringin_progressGlobalAll segments; largest charges in Oilfield Services ($211M), Turbomachinery & Process Solutions ($48M), Corporate ($22M), Oilfield Equipment ($18M), Digital Solutions ($15M)USD 179 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
FY2019 activity only. Employee-related termination expenses of $179M within total restructuring and impairment charges of $314M for 2019 (includes $107M PP&E impairment and other items). Plans cover facility consolidation, product line rationalization and headcount reduction; approximately $11M of further charges expected as plans complete. No employee-affected count disclosed.
2019-12-31divestiture_reductioncompleted2019-07United States (Houston, Texas)Turbomachinery & Process Solutions — high-speed reciprocating compression (Recip) businessbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale completed July 2019 for total consideration of $77 million; resulted in a pre-tax loss of $138 million reported in other non operating income (loss), net. Headcount transferred not disclosed.
2019-12-31divestiture_reductioncompleted2019-05-01GlobalTurbomachinery & Process Solutions — industrial steam turbine (IST) product linesother
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Transfer of assets, liabilities and employees for certain industrial steam turbine product lines to GE under a stock and asset purchase agreement, effective May 1, 2019; cash payment of $13 million plus working capital adjustments made to GE. Number of employees transferred not disclosed.
2019-12-31divestiture_reductioncompleted2019-09-03GlobalDigital Solutions — certain digital business assetsother
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of certain digital business assets to GE for $50 million, closed September 3, 2019, under the Omnibus Agreement which also provided for certain employee and asset transfers. Headcount transferred not disclosed.
2019-12-31restructuringcompletedGlobalVariousUSD 314 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Charges of $314 million recognized in 2019 for restructuring plans including employee termination benefits, product line terminations, and plant closures. No specific headcount reduction number provided in the footnote.
2019-12-31restructuringcompletedGlobalVariousUSD 314 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Charges primarily related to employee termination benefits, plant closures, and contract terminations. Specific headcount affected not disclosed.
2019-12-31restructuringin_progressUSD 314,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2019-12-31restructuringin_progressOperating Segments [Member] / Oilfield Services [Member]USD 211,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2019-12-31restructuringin_progressOperating Segments [Member] / Oilfield Equipment [Member]USD 18,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2019-12-31restructuringin_progressOperating Segments [Member] / Turbomachinery and Process Solutions [Member]USD 48,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2019-12-31restructuringin_progressOperating Segments [Member] / Digital Solutions [Member]USD 15,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2019-12-31restructuringin_progressCorporate, Non-Segment [Member]USD 22,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2019-12-31restructuringin_progressFacility Closing [Member]USD 107,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2019-12-31restructuringin_progressEmployee Severance [Member]USD 179,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2019-12-31restructuringin_progressAsset Relocation [Member]USD 4,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2019-12-31restructuringin_progressEHS Remediation [Member]USD 11,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2019-12-31restructuringin_progressContract Termination [Member]USD 12,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2019-12-31restructuringin_progressOther Restructuring [Member]USD 1,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2019-09-30restructuringin_progressGlobalMultiple segments and corporateUSD 183 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Ongoing global restructuring plans covering facility consolidation, product line rationalization and headcount reduction; nine-month charge of $183M (Q3 charge of $71M), of which $145M YTD relates to restructuring and impairment. No employee count disclosed; estimated remaining charges of approximately $32M post-September 30, 2019. Costs include employee termination benefits, asset relocation, contract termination and environmental remediation.
2019-09-30divestiture_reductioncompleted2019-05-01GlobalTurbomachinery & Process Solutions (industrial steam turbine business)USD 13 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Transfer of assets, liabilities and employees related to certain industrial steam turbine product lines to GE closed May 1, 2019; cash payment of $13M plus working capital adjustments. Number of employees transferred not disclosed.
2019-09-30restructuringin_progressGlobalVariousUSD 38 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Charges for three months ended Sept 30, 2019 related to employee termination benefits, plant closures, and other costs. No specific headcount disclosed.
2019-09-30restructuringin_progressGlobalVariousUSD 145 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Charges for nine months ended Sept 30, 2019 related to employee termination benefits, plant closures, and other costs. No specific headcount disclosed.
2019-09-30restructuringin_progressUSD 38,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-09-30restructuringin_progressOperating Segments [Member] / Oilfield Services [Member]USD 27,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-09-30restructuringin_progressOperating Segments [Member] / Oilfield Equipment [Member]USD 1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-09-30restructuringin_progressOperating Segments [Member] / Turbomachinery and Process Solutions [Member]USD 10,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-09-30restructuringin_progressOperating Segments [Member] / Digital Solutions [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-09-30restructuringin_progressCorporate, Non-Segment [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-09-30restructuringin_progressFacility Closing [Member]USD 6,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-09-30restructuringin_progressEmployee Severance [Member]USD 28,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-09-30restructuringin_progressAsset Relocation [Member]USD 1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-09-30restructuringin_progressEHS Remediation [Member]USD 1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-09-30restructuringin_progressContract Termination [Member]USD 2,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-09-30restructuringin_progressOther Restructuring [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-06-30restructuringin_progressGlobalAll segments and corporateUSD 107 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Six months ended 2019-06-30 charge (Q2 charge was $45M); plans include consolidating facilities, rationalizing product lines and reducing headcount; employee termination expenses were $78M YTD; remaining estimated charges of approximately $54M after quarter-end; no employee counts disclosed
2019-06-30divestiture_reductionannounced2019-06-30United States (Houston, Texas)Turbo-machinery & Process Solutions — high-speed reciprocating compression businessUSD 136 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreement to sell Recip business for $80M total consideration; $136M valuation allowance recorded; expected to close later in 2019 subject to regulatory approval; no headcount disclosed
2019-06-30divestiture_reductioncompleted2019-05-01GlobalTurbo-machinery & Process Solutions — industrial steam turbine businessother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Transfer of assets, liabilities and employees of the industrial steam turbine business to GE closed May 1, 2019 with a $13M cash payment; no headcount disclosed
2019-06-30restructuringin_progressGlobalVariousUSD 45 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Charges for three months ended June 30, 2019 related to employee termination benefits, plant closures, and other incremental costs. Estimated remaining charges are approximately $54 million.
2019-06-30restructuringin_progressGlobalVariousUSD 107 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Charges for six months ended June 30, 2019 related to employee termination benefits, plant closures, and other incremental costs.
2019-06-30restructuringin_progressUSD 45,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-06-30restructuringin_progressOperating Segments [Member] / Oilfield Services [Member]USD 19,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-06-30restructuringin_progressOperating Segments [Member] / Oilfield Equipment [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-06-30restructuringin_progressOperating Segments [Member] / Turbomachinery and Process Solutions [Member]USD 10,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-06-30restructuringin_progressOperating Segments [Member] / Digital Solutions [Member]USD 9,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-06-30restructuringin_progressCorporate, Non-Segment [Member]USD 7,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-06-30restructuringin_progressFacility Closing [Member]USD 7,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-06-30restructuringin_progressEmployee Severance [Member]USD 34,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-06-30restructuringin_progressAsset Relocation [Member]USD 2,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-06-30restructuringin_progressEHS Remediation [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-06-30restructuringin_progressContract Termination [Member]USD 2,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-06-30restructuringin_progressOther Restructuring [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-03-31restructuringin_progressGlobalConsolidated (OFS, OFE, TPS, DS, Corporate)USD 62 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q1 2019 charges of $62M for facility consolidation, product line rationalization and headcount reduction; employee counts not disclosed. Remaining estimated charges of approximately $74M post March 31, 2019.
2019-03-31restructuringin_progressGlobalOilfield ServicesUSD 17 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Segment allocation of the $62M Q1 2019 restructuring charge; employee counts not disclosed.
2019-03-31restructuringin_progressGlobalOilfield EquipmentUSD 18 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Segment allocation of the $62M Q1 2019 restructuring charge; employee counts not disclosed.
2019-03-31restructuringin_progressGlobalTurbomachinery & Process SolutionsUSD 19 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Segment allocation of the $62M Q1 2019 restructuring charge; employee counts not disclosed.
2019-03-31restructuringin_progressGlobalDigital SolutionsUSD 3 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Segment allocation of the $62M Q1 2019 restructuring charge; employee counts not disclosed.
2019-03-31restructuringin_progressGlobalCorporateUSD 5 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Segment allocation of the $62M Q1 2019 restructuring charge; employee counts not disclosed.
2019-03-31divestiture_reductionin_progress2018-11-132019-06-30GlobalTurbomachinery & Process Solutions — industrial steam turbine businessUSD 13 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
IST sale agreement transfers certain assets, liabilities and employees to GE; expected to close Q2 2019. Headcount not quantified; $13M cash payment at closing.
2019-03-31otherannounced2018-11-13United KingdomPension — GE UK Pension Plan transferother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
GE to transfer UK pension liabilities related to oil & gas businesses on an intended fully funded basis; expected to close in 2019. No headcount impact quantified.
2019-03-31restructuringin_progressGlobalVariousUSD 62 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Charges of $62 million recognized for Q1 2019 related to global restructuring plans including facility consolidation, product line rationalization, and headcount reduction. Employee-related termination expenses were $44 million. Estimated remaining charges are approximately $74 million.
2019-03-31restructuringin_progressUSD 62,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-03-31restructuringin_progressOilfield Services [Member]USD 17,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-03-31restructuringin_progressOilfield Equipment [Member]USD 18,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-03-31restructuringin_progressTurbomachinery and Process Solutions [Member]USD 19,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-03-31restructuringin_progressDigital Solutions [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-03-31restructuringin_progressCorporate, Non-Segment [Member]USD 5,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-03-31restructuringin_progressFacility Closing [Member]USD 9,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-03-31restructuringin_progressEmployee Severance [Member]USD 44,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-03-31restructuringin_progressAsset Relocation [Member]USD 2,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-03-31restructuringin_progressEHS Remediation [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-03-31restructuringin_progressContract Termination [Member]USD 7,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-03-31restructuringin_progressOther Restructuring [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-12-31restructuringin_progressGlobalAll segments and CorporateUSD 304 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Various plans approved globally to consolidate manufacturing/service facilities, rationalize product lines and reduce headcount across functions; 2018 charge includes $123M employee-related termination expenses; ~$82M additional charges expected as plans complete; 2018 charge allocation: OFS $160M, OFE $25M, TPS $71M, DS $17M, Corporate $31M; MD&A separately cites $473M of 2018 cash payments made primarily for employee severance from restructuring and merger-related costs
2018-12-31divestiture_reductioncompleted2018-10Turbomachinery & Process Solutionsother
f5-10k / GLM-5.3-flash-HTML
Natural Gas Solution business sold in October 2018 for $375 million sales price ($171 million pre-tax gain); headcount removed through the divestiture not disclosed
2018-12-31otherin_progressTurbomachinery & Process Solutions; Oilfield ServicesUSD 13 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
2018 costs to exit certain operations impacting TPS and OFS segments, recorded within 'other charges' separately from restructuring charges; headcount affected and completion timeline not disclosed
2018-12-31restructuringin_progressGlobalAll segments (OFS, OFE, TPS, DS) and CorporateUSD 304 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
FY2018 restructuring and impairment charges of $304M, including $123M of employee-related termination expenses; facility consolidations, product line rationalization and headcount reductions. An additional ~$82M of charges expected as these plans complete. No employee-affected count disclosed.
2018-12-31divestiture_reductioncompleted2018-10-31Not disclosedTurbomachinery & Process Solutions (Natural Gas Solutions business)other
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of the Natural Gas Solutions business completed October 2018 for $375M; no headcount transferred or removed is disclosed.
2018-12-31otherannounced2018-11-13Not disclosedTurbomachinery & Process Solutions — industrial steam turbine product linesother
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Binding term sheet gives BHGE LLC an option to transfer related assets, liabilities and employees to GE, exercisable after employee consultation; no headcount quantified. Company also expects $0.2-0.3B of one-time separation-from-GE charges over three years, primarily IT infrastructure and transaction fees.
2018-12-31restructuringcompletedGlobalVariousUSD 433 (millions)MD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Recognized $433 million in restructuring, impairment and other charges in 2018. Includes employee-related termination expenses of $123 million. Specific headcount affected not disclosed.
2018-12-31restructuringcompletedGlobalVariousUSD 304 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Charges recognized for restructuring plans globally, mainly to consolidate manufacturing and service facilities, rationalize product lines and rooftops, and reduce headcount. Employee-related termination expenses were $123 million. Specific employee count not disclosed.
2018-12-31restructuringin_progressUSD 304,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2018-12-31restructuringin_progressCorporate, Non-Segment [Member]USD 31,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2018-12-31restructuringin_progressOperating Segments [Member] / Digital Solutions [Member]USD 17,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2018-12-31restructuringin_progressOperating Segments [Member] / Oilfield Equipment [Member]USD 25,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2018-12-31restructuringin_progressOperating Segments [Member] / Oilfield Services [Member]USD 160,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2018-12-31restructuringin_progressOperating Segments [Member] / Turbomachinery and Process Solutions [Member]USD 71,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2018-12-31restructuringin_progressAsset Relocation [Member]USD 28,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2018-12-31restructuringin_progressEHS Remediation [Member]USD 6,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2018-12-31restructuringin_progressContract Termination [Member]USD 44,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2018-12-31restructuringin_progressEmployee Severance [Member]USD 123,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2018-12-31restructuringin_progressFacility Closing [Member]USD 80,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2018-12-31restructuringin_progressOther Restructuring [Member]USD 23,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2018-09-30restructuringin_progressGlobalAll segments and corporateUSD 242 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Nine-month restructuring and impairment charges of $242M (Q3: $49M), including $114M of employee-related termination expenses YTD (Q3: $15M); plans involve headcount reduction across functions but no employee counts disclosed. Estimated remaining charges of approximately $107M after 2018-09-30.
2018-09-30divestiture_reductioncompleted2018-07-182018-10-07Not disclosedTurbomachinery & Process Solutions (Natural Gas Solutions business)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of Natural Gas Solutions business for $375M announced 2018-07-18, closed first week of October 2018; no headcount associated with the divestiture disclosed. Classified held for sale at 2018-09-30 (net assets $104M).
2018-09-30restructuringin_progressGlobalVariousUSD 49 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Q3 2018 charges for global restructuring plans including facility consolidation and headcount reduction. Estimated remaining charges are approximately $107 million.
2018-09-30restructuringin_progressGlobalVariousUSD 242 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
YTD 2018 charges for global restructuring plans. Includes employee-related termination expenses of $114 million.
2018-09-30restructuringin_progressUSD 49,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-09-30restructuringin_progressCorporate, Non-Segment [Member]USD 2,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-09-30restructuringin_progressOperating Segments [Member] / Digital Solutions [Member]USD 2,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-09-30restructuringin_progressOperating Segments [Member] / Oilfield Equipment [Member]USD 8,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-09-30restructuringin_progressOperating Segments [Member] / Oilfield Services [Member]USD 20,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-09-30restructuringin_progressOperating Segments [Member] / Turbomachinery and Process Solutions [Member]USD 17,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-09-30restructuringin_progressAsset Relocation [Member]USD 7,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-09-30restructuringin_progressEHS Remediation [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-09-30restructuringin_progressContract Termination [Member]USD 5,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-09-30restructuringin_progressEmployee Severance [Member]USD 15,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-09-30restructuringin_progressFacility Closing [Member]USD 18,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-09-30restructuringin_progressOther Restructuring [Member]USD 4,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-06-30restructuringin_progressGlobalMultiple segments and CorporateUSD 193 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Six months ended June 30, 2018 restructuring charge of $193M (Q2: $68M) covering facility consolidation, product line rationalization and headcount reduction; no employee counts disclosed. Estimated remaining charges of approximately $151M post-June 30, 2018. Charges include severance/termination benefits of $99M YTD, PP&E impairments of $37M, and contract termination fees of $28M.
2018-06-30divestiture_reductionannounced2018-07-182018-12-31Not disclosedTurbomachinery & Process Solutions (Natural Gas Solutions business)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreement to sell the Natural Gas Solutions business to two separate entities for a combined price of $375 million; expected to close in second half of 2018 subject to closing conditions. No headcount associated with the sale was disclosed.
2018-06-30restructuringin_progressGlobalVarious (Oilfield Services, Oilfield Equipment, Turbomachinery & Process Solutions, Digital Solutions, Corporate)USD 193 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Six months ended June 30, 2018. Charges related to product line terminations, plant closures, employee-related termination benefits, and other incremental costs. Estimated remaining charges are approximately $151 million. Employee count not explicitly disclosed.
2018-06-30restructuringin_progressUSD 68,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-06-30restructuringin_progressCorporate, Non-Segment [Member]USD 4,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-06-30restructuringin_progressOperating Segments [Member] / Digital Solutions [Member]USD 7,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-06-30restructuringin_progressOperating Segments [Member] / Oilfield Equipment [Member]USD 6,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-06-30restructuringin_progressOperating Segments [Member] / Oilfield Services [Member]USD 40,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-06-30restructuringin_progressOperating Segments [Member] / Turbomachinery and Process Solutions [Member]USD 11,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-06-30restructuringin_progressAsset Relocation [Member]USD 8,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-06-30restructuringin_progressEHS Remediation [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-06-30restructuringin_progressContract Termination [Member]USD 21,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-06-30restructuringin_progressEmployee Severance [Member]USD 16,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-06-30restructuringin_progressFacility Closing [Member]USD 18,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-06-30restructuringin_progressOther Restructuring [Member]USD 5,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-03-31restructuringin_progressGlobalMultiple segments and CorporateUSD 125 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q1 2018 restructuring charge of $125M (of which $83M employee-related termination expenses); includes facility consolidation, product line rationalization and headcount reduction. Estimated remaining charges of approximately $173M post March 31, 2018. Number of employees affected not disclosed.
2018-03-31restructuringin_progress2018-06-30GlobalCorporate (trade names and technology)USD 37 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Accelerated amortization of trade names and technology to be ceased by end of Q2 2018 following the Baker Hughes/GE O&G combination; an additional $34M charge expected in Q2 2018. Asset-related charge, not a headcount action.
2018-03-31restructuringin_progressGlobalVarious (Oilfield Services, Oilfield Equipment, Turbomachinery & Process Solutions, Digital Solutions, Corporate)USD 125 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Charges of $125 million recognized for Q1 2018 related to global restructuring plans including headcount reduction, plant closures, and product line rationalization. Employee-related termination expenses were $83 million. Estimated remaining charges are approximately $173 million. Specific employee count not disclosed.
2018-03-31restructuringin_progressCorporate, Non-Segment [Member]USD 17,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-03-31restructuringin_progressAsset Relocation [Member]USD 5,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-03-31restructuringin_progressEHS Remediation [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-03-31restructuringin_progressContract Termination [Member]USD 7,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-03-31restructuringin_progressEmployee Severance [Member]USD 83,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-03-31restructuringin_progressFacility Closing [Member]USD 19,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-03-31restructuringin_progressOther Restructuring [Member]USD 8,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-03-31restructuringin_progressUSD 125,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-03-31restructuringin_progressOperating Segments [Member] / Digital Solutions [Member]USD 9,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-03-31restructuringin_progressOperating Segments [Member] / Oilfield Equipment [Member]USD 12,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-03-31restructuringin_progressOperating Segments [Member] / Oilfield Services [Member]USD 59,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-03-31restructuringin_progressOperating Segments [Member] / Turbomachinery and Process Solutions [Member]USD 28,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-12-31restructuringin_progressGlobalOilfield ServicesUSD 187 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Segment allocation of the 2017 global restructuring charge (company-wide total $385 million), covering employee terminations, plant closures, PP&E impairments, relocations and related costs. Approximately $150 million of additional charges expected after 2017. No affected-employee headcount disclosed.
2017-12-31restructuringin_progressGlobalOilfield EquipmentUSD 114 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Segment allocation of the 2017 global restructuring charge (company-wide total $385 million), covering employee terminations, plant closures, PP&E impairments, relocations and related costs. Approximately $150 million of additional charges expected after 2017. No affected-employee headcount disclosed.
2017-12-31restructuringin_progressGlobalTurbomachinery & Process SolutionsUSD 21 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Segment allocation of the 2017 global restructuring charge (company-wide total $385 million), covering employee terminations, plant closures, PP&E impairments, relocations and related costs. Approximately $150 million of additional charges expected after 2017. No affected-employee headcount disclosed.
2017-12-31restructuringin_progressGlobalDigital SolutionsUSD 34 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Segment allocation of the 2017 global restructuring charge (company-wide total $385 million), covering employee terminations, plant closures, PP&E impairments, relocations and related costs. Approximately $150 million of additional charges expected after 2017. No affected-employee headcount disclosed.
2017-12-31restructuringin_progressGlobalCorporateUSD 29 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Corporate allocation of the 2017 global restructuring charge (company-wide total $385 million), covering employee terminations, plant closures, PP&E impairments, relocations and related costs. Approximately $150 million of additional charges expected after 2017. No affected-employee headcount disclosed.
2017-12-31restructuringin_progressGlobalMultiple — Oilfield Services, Oilfield Equipment, Turbomachinery & Process Solutions, Digital Solutions, CorporateUSD 385 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
FY2017 restructuring charge of $385M (of $412M total restructuring, impairment and other), including $186M employee-related termination expenses. Programs cover facility consolidation, product line rationalization and headcount reduction; estimated remaining charges of approximately $150M post-2017. Employees affected not disclosed.
2017-12-31acquisition_additioncompleted2017-07-032017-07-03GlobalPrimarily Oilfield Services; also Oilfield Equipment, Turbomachinery & Process Solutions, Digital SolutionsUSD 373 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
July 3, 2017 business combination of Baker Hughes Incorporated and GE Oil & Gas; headcount added not separately disclosed. Associated $373M merger and related costs in FY2017 include executive change-in-control severance and integration costs.
2017-12-31restructuringcompleted2017-12-312017-12-31United StatesPension plan — Baker Hughes Incorporated Pension Plan (BHIPP)other
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Compensation Committee approved amendments closing BHIPP to new participants and freezing accruals of future service-related benefits effective 2017-12-31; recorded a $45M curtailment gain. Participant counts not disclosed.
2017-12-31restructuringcompletedGlobalVariousUSD 412 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Total restructuring, impairment and other charges of $412 million recognized in 2017. Includes $385 million in restructuring charges for plant closures, workforce reductions, and contract terminations. Specific employee counts affected are not disclosed.
2017-12-31restructuringin_progressGlobalVariousUSD 385 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Charges related to product line terminations, plant closures, employee termination benefits, and relocation. Estimated remaining charges of approximately $150 million.
2017-12-31restructuringin_progressUSD 385,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2017-12-31restructuringin_progressCorporate, Non-Segment [Member]USD 29,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2017-12-31restructuringin_progressOperating Segments [Member] / Digital Solutions [Member]USD 34,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2017-12-31restructuringin_progressOperating Segments [Member] / Oilfield Equipment [Member]USD 114,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2017-12-31restructuringin_progressOperating Segments [Member] / Oilfield Services [Member]USD 187,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2017-12-31restructuringin_progressOperating Segments [Member] / Turbomachinery and Process Solutions [Member]USD 21,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2017-12-31restructuringin_progressAsset Relocation [Member]USD 10,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2017-12-31restructuringin_progressEHS Remediation [Member]USD 9,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2017-12-31restructuringin_progressContract Termination [Member]USD 26,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2017-12-31restructuringin_progressEmployee Severance [Member]USD 186,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2017-12-31restructuringin_progressFacility Closing [Member]USD 131,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2017-12-31restructuringin_progressOther Restructuring [Member]USD 23,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2017-09-30acquisition_additioncompleted2017-07-032017-07-03GlobalAll segments (primarily Oilfield Services)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
July 3, 2017 business combination combining GE O&G and Baker Hughes; legacy Baker Hughes results (and workforce) consolidated from the acquisition date. Headcount added through the acquisition is not quantified in the filing.
2017-09-30restructuringin_progressGlobalAll segmentsUSD 191 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q3 2017 restructuring charge of $191M ($264M for nine months) covering facility consolidation, product line rationalization and headcount reduction; includes $87M of employee-related termination expenses in Q3 ($126M YTD). Filing does not disclose number of employees affected; approximately $80M of estimated remaining charges expected after September 30, 2017.
2017-09-30othercompleted2017-07-032017-07-03United StatesExecutive management (legacy Baker Hughes)USD 159 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q3 2017 merger and related costs of $159M ($310M YTD) include severance and separation payments to certain legacy Baker Hughes executives under double-trigger change-in-control provisions following termination of their employment after the combination; number of executives affected is not disclosed.
2017-09-30restructuringin_progressGlobalVariousUSD 191 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Charges for three months ended Sept 30, 2017. Includes employee-related termination expenses of $87 million. Filer states initiatives will generate charges post Sept 30, 2017 with estimated remaining charges of approx $80 million. No specific employee count disclosed.
2017-09-30restructuringin_progressGlobalVariousUSD 264 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Charges for nine months ended Sept 30, 2017. Includes employee-related termination expenses of $126 million. No specific employee count disclosed.
2017-09-30restructuringin_progressUSD 191,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-09-30restructuringin_progressCorporate, Non-Segment [Member]USD 13,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-09-30restructuringin_progressOperating Segments [Member] / Digital Solutions [Member]USD 13,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-09-30restructuringin_progressOperating Segments [Member] / Oilfield Equipment [Member]USD 31,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-09-30restructuringin_progressOperating Segments [Member] / Oilfield Services [Member]USD 118,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-09-30restructuringin_progressOperating Segments [Member] / Turbomachinery and Process Solutions [Member]USD 16,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-09-30restructuringin_progressAsset Relocation [Member]USD 2,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-09-30restructuringin_progressEHS Remediation [Member]USD 1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-09-30restructuringin_progressContract Termination [Member]USD 16,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-09-30restructuringin_progressEmployee Severance [Member]USD 87,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-09-30restructuringin_progressFacility Closing [Member]USD 68,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-09-30restructuringin_progressOther Restructuring [Member]USD 17,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-06-30acquisition_additioncompleted2017-07-032017-07-03GlobalCombined company (Baker Hughes and GE O&G)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Transactions combining GE O&G and Baker Hughes closed 2017-07-03, after period end; no employee count added is stated. Note 2 discloses approximately 32,000 Baker Hughes and approximately 34,000 GE O&G employees as of 2017-06-30. GE holds ~62.5% and former Baker Hughes shareholders ~37.5%.