Company: GE
Filing Date: 2025-10-21
Form Type: 10-Q
Source: 0000040545-25-000132
Chunk: 63

Company: GENERAL ELECTRIC CO
Filing Date: 2025-10-21
Form: 10-Q
Item: Item 4
Chunk 63
---
40,248 $641 $(3,148)$37,741 The amortized cost of debt securities excludes accrued interest of $497 million and $473 million at September 30, 2025 and December 31, 2024, respectively, which is reported in All other current assets.The estimated fair value of non-current investment securities at September 30, 2025 increased since December 31, 2024, primarily due to lower market yields partially offset by net proceeds from debt/equity securities sales and redemptions.Total estimated fair value of debt securities in an unrealized loss position were $18,065 million and $21,876 million, of which $15,368 million and $14,011 million had gross unrealized losses of $(2,463) million and $(2,795) million and have been in a loss position for 12 months or more at September 30, 2025 and December 31, 2024, respectively. The majority of our U.S. and non-U.S. corporate securities' gross unrealized losses were in the consumer, electric, technology, communication and energy industries. The majority of our  commercial mortgage-backed securities and asset-backed securities in an unrealized loss position have received investment-grade credit ratings from the major rating agencies. For our securities in an unrealized loss position, the losses are not indicative of credit losses, we currently do not intend to sell the investments, and it is not more likely than not that we will be required to sell the investments before recovery of their amortized cost basis.

2025 3Q FORM 10-Q 21

Three months ended September 30Nine months ended September 302025202420252024Net unrealized gains (losses) for equity securities with readily determinable fair value (RDFV)$9 $245 $19 $308 Proceeds from debt/equity securities sales and redemptions1,229 2,873 2,453 7,109 Gross realized gains on debt securities11 48 21 65 Gross realized losses and impairments on debt securities(12)(18)(29)(53)Contractual maturities of our debt securities (excluding mortgage and asset-backed securities) at September 30, 2025 are as follows:Amortized costEstimated fair valueWithin one year$748 $749 After one year through five years3,647 3,746 After five years through ten years5,383