Item 7.01. Regulation FD Disclosure.
Baker Hughes, a GE company (the “Company” or “BHGE”),
is hereby releasing certain supplemental financial information furnished with this Form 8-K as Exhibit 99.1 and incorporated into
this Item 7.01 by reference. In accordance with General Instructions B.2. of Form 8-K, the information shall not be deemed “filed”
for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference
in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such
a filing.
On January 1, 2018, the Company adopted the Financial Accounting
Standards Board (FASB) Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers, and FASB ASU No. 2017-07,
Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. The standards are applied
to each of our prior reporting periods that will be presented in any subsequent financial statements to be filed with the Securities
and Exchange Commission (SEC) in Form 10-Q and Form 10-K. In this supplemental disclosure, the Company presents certain key financial
information for each of the four quarters of 2017 and the full year 2017 and 2016 on a combined business basis under the new standards.
Combined business results combine the results of GE Oil & Gas with Baker Hughes Incorporated as if the closing date of the
combination had occurred on the first day of all periods presented. The adoption of ASU No. 2017-07 had an immaterial impact to
operating income and adjusted operating income and no impact to orders or revenues. The cumulative effect of applying ASU No. 2014-09
is recognized in equity at January 1, 2016. ASU No. 2014-09 has no cash impact and, as such, does not affect the economics of our
underlying customer contracts.
The presentation (and any oral statements made regarding the
subjects of the presentation) may contain forward-looking statements within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, (each a “forward-looking statement”).
The words “anticipate,” “believe,” “ensure,” “expect,” “if,” “intend,”
“estimate,” “project,” “foresee,” “forecasts,” “predict,” “outlook,”
“aim,” “will,” “could,” “should,” “potential,” “would,”
“may,” “probable,” “likely,” and similar expressions, and the negative thereof, are intended
to identify forward-looking statements. There are many risks and uncertainties that could cause actual results to differ materially
from our forward-looking statements. These forward-looking statements are also affected by the risk factors described in the Company’s
annual report on Form 10-K for the annual period ended December 31, 2017 and those set forth from time to time in other filings
with the Securities and Exchange Commission (“SEC”). The documents are available through the Company’s website
at: www.investors.bhge.com or through the SEC’s Electronic Data Gathering and Analysis Retrieval (“EDGAR”) system
at: www.sec.gov. We undertake no obligation to publicly update or revise any forward-looking statement.
In addition to financial results determined in accordance with
generally accepted accounting principles (“GAAP”) that are included in the presentation, certain information included
therein could be considered non-GAAP financial measures (as defined under the SEC’s Regulation G). Any non-GAAP financial
measures should be considered in addition to, and not as an alternative for, or superior to, operating income (loss), cash flows
or other measures of financial performance prepared in accordance with GAAP as more fully discussed in the Company’s financial
statements, including the notes thereto, and filings with the SEC.
Certain columns and rows may not add due to the use of rounded
numbers in this supplemental disclosure.