Company: GE
Filing Date: 2025-04-22
Form Type: 10-Q
Source: 0000040545-25-000062
Chunk: 129

Company: GENERAL ELECTRIC CO
Filing Date: 2025-04-22
Form: 10-Q
Item: Item 1
Chunk 129
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 of these rules. As countries continue to enact and refine the Pillar 2 rules, we will evaluate the impact on our financial position. In 2025, we expect to incur $0.1 billion in connection with the incorporation of the Pillar 2 model rules.The Internal Revenue Service (IRS) is currently auditing our consolidated U.S. income tax returns for 2016-2020. The following table presents our net deferred tax assets and net deferred tax liabilities attributable to different tax jurisdictions or different tax paying components.

2025 1Q FORM 10-Q 25

DEFERRED INCOME TAXESMarch 31, 2025December 31, 2024Total assets$7,313 $7,479 Total liabilities(357)(368)Net deferred income tax asset$6,956 $7,111 

NOTE 16. SHAREHOLDERS’ EQUITY 

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)Three months ended March 31(Dividends per share in dollars)20252024Beginning balance$(1,472)$(3,623)AOCI before reclasses – net of taxes of $(40) and $26 (7)(35)AOCI(7)(35)Currency translation adjustments AOCI$(1,478)$(3,658)Beginning balance$665 $1,786 AOCI before reclasses – net of taxes of $(4) and $8 (15)(29)Reclasses from AOCI – net of taxes of $ $(35) and $(52)(120)(168)AOCI(134)(197)Less AOCI attributable to noncontrolling interests— 2 Benefit plans AOCI$531 $1,586 Beginning balance$(1,985)$(959)AOCI before reclasses – net of taxes of $87 and $(116) 323 (465)Reclasses from AOCI – net of taxes of $(1) and $0 (6)11 AOCI318 (453)Investment securities and cash flow hedges AOCI $(1,667)$(1,412)Beginning balance$(1,070)$(3,354)AOCI before reclasses – net of taxes of $(13) and $328 (48)1,236 AOCI(48)1,236 Long-duration insurance contracts AOCI$(1,118)$(2,119)AOCI at March 31$(3,733)$(