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Condensed Consolidated Statements of Financial Position (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents [1] $ 2,808 $ 3,723
Current receivables, net 6,165 5,969
Inventories, net 4,739 4,620
All other current assets 1,057 659
Total current assets 14,769 14,971
Property, plant and equipment (net of accumulated depreciation of $4,160 and $3,625) 6,141 6,228
Goodwill 20,654 20,717
Other intangible assets, net 5,431 5,719
Contract and other deferred assets 1,851 1,894
All other assets 2,760 1,838
Deferred income taxes 943 1,072
Total assets [1] 52,549 52,439
Current liabilities:    
Accounts payable 3,870 4,025
Short-term debt and current portion of long-term debt [1] 694 942
Progress collections and deferred income 2,436 1,765
All other current liabilities 2,332 2,288
Total current liabilities 9,332 9,020
Long-term debt 6,313 6,285
Deferred income taxes 74 143
Liabilities for pensions and other postretirement benefits 977 1,018
All other liabilities 1,417 960
Equity:    
Capital in excess of par value 23,570 18,659
Retained earnings 0 25
Accumulated other comprehensive loss (1,694) (1,219)
Baker Hughes Company equity 21,876 17,465
Noncontrolling interests 12,560 17,548
Total noncontrolling interests 34,436 35,013
Total liabilities and equity 52,549 52,439
Common Class A    
Equity:    
Common stock 0 0
Common Class B    
Equity:    
Common stock $ 0 $ 0
[1]
Total assets include $647 million and $896 million of assets held on behalf of General Electric Company, of which $528 million and $747 million is cash and cash equivalents and $119 million and $149 million is investment securities at September 30, 2019 and December 31, 2018, respectively, and a corresponding amount of liability is reported in short-term borrowings. See "Note 16. Related Party Transactions" for further details.