Company: GE
Filing Date: 2025-04-22
Form Type: 10-Q
Source: 0000040545-25-000062
Chunk: 68

Company: GENERAL ELECTRIC CO
Filing Date: 2025-04-22
Form: 10-Q
Item: Item 4
Chunk 68
---
 on similarity in economic characteristics, other qualitative factors and the objectives and principles of ASC 280, Segment Reporting. This is consistent with how our chief operating decision maker (CODM) allocates resources and makes decisions. Refer to our Annual Report on Form 10-K for the year ended December 31, 2024, for a description of our segments, further information regarding our determination of segment profit for continuing operations and our allocations of corporate costs to our segments. 

The Company does not report total assets by segment for internal or external reporting purposes as the Company’s CODM does not assess performance, make strategic decisions, or allocate resources based on assets.EQUIPMENT & SERVICES REVENUEThree months ended March 3120252024EquipmentServicesTotalEquipmentServicesTotalCommercial Engines & Services$1,858 $5,118 $6,977 $1,706 $4,390 $6,095 Defense & Propulsion Technologies1,050 1,274 2,324 1,009 1,303 2,312 Total segment revenue$2,909 $6,392 $9,301 $2,715 $5,693 $8,408 EXPENSES, PROFIT AND INCOMEThree months ended March 3120252024Commercial Engines & ServicesCost of revenue$4,497 $4,178 Selling, general and administrative expenses423 426 Research and development288 201 Other segment expenses (income)(a)(151)(129)Total Commercial Engines & Services expenses5,057 4,676 Defense & Propulsion TechnologiesCost of revenue1,725 1,781 Selling, general and administrative expenses243 257 Research and development72 67 Other segment expenses (income)(a)(12)(48)Total Defense & Propulsion Technologies expenses2,029 2,056 Commercial Engines & Services1,920 1,419 Defense & Propulsion Technologies296 256 Total segment profit (loss)2,216 1,675 Corporate & Other43 355 Interest and other financial charges(210)(263)Non-operating benefit income (cost)201 217 Benefit (provision) for income taxes(283)(244)Net income (loss) from continuing operations attributable to common shareholders1,967 1,741 Net income (loss) from discontinued operations attributable to common shareholders10 (202)Net income (loss) attributable to