Company: GE
Filing Date: 2025-10-21
Form Type: 10-Q
Source: 0000040545-25-000132
Chunk: 8

Company: GENERAL ELECTRIC CO
Filing Date: 2025-10-21
Form: 10-Q
Item: Item 2
Chunk 8
---
 interests$3 $356 $3 $375 Gains (losses) on retained and sold ownership interests and other equity securities (Note 18)8 357 18 598 Restructuring and other charges (Note 19)(a)(22)(378)(49)(525)Separation costs (Note 19)(53)(74)(150)(408)Insurance profit (loss) (Note 12)361 171 714 541 U.S. tax equity profit (loss)(52)(52)(157)(130)Goodwill impairments (Note 7)— (251)— (251)Adjusted Corporate & Other operating costs (Non-GAAP)(523)(201)(850)(452)Corporate & Other operating profit (cost) (GAAP)$(277)$(73)$(471)$(252)Less: gains (losses), impairments, Insurance, and restructuring & other246 128 379 201 Adjusted Corporate & Other operating costs (Non-GAAP)$(523)$(201)$(850)$(452)Corporate & Other profit (costs)(386)(96)(467)(84)Eliminations(138)(105)(382)(369)Adjusted Corporate & Other operating costs (Non-GAAP)$(523)$(201)$(850)$(452)(a) Included costs of $328 million and $363 million for the settlement of the Sjunde AP-Fonden shareholder lawsuit for the three and nine months ended September 30, 2024, respectively.

Adjusted Corporate & Other operating costs* excludes gains (losses) on purchases and sales of business interests, gains (losses) on retained and sold ownership interests and other equity securities, higher-cost restructuring programs, separation costs, our run-off insurance operations, U.S. tax equity profit (loss) and goodwill impairments. We believe that adjusting Corporate & Other costs to exclude the effects of items that are not closely associated with ongoing operations provides management and investors with a meaningful measure that increases the period-to-period comparability of our ongoing corporate costs.

For the three months ended, September 30, 2025, revenue was down $0.1 billion compared to the three months ended September 30, 2024, due to higher intercompany eliminations. Corporate & Other operating cost increased by $0.2 billion due to $0.4 billion of lower gains on purchases and sales of business interests, primarily related to the sale of our non-core Licensing business in 2024,