Company: GE
Filing Date: 2025-04-22
Form Type: 10-Q
Source: 0000040545-25-000062
Chunk: 131

Company: GENERAL ELECTRIC CO
Filing Date: 2025-04-22
Form: 10-Q
Item: Item 1
Chunk 131
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 have been included in the calculation pursuant to the two-class method. For the three months ended March 31, 2025, such participating securities had an insignificant effect. Effective the second quarter of 2024, the Company calculates earnings per share using the treasury stock method. For the three months ended March 31, 2024, application of two-class method had an insignificant effect.

26 2025 1Q FORM 10-Q

NOTE 18. OTHER INCOME (LOSS)

Three months ended March 3120252024Investment in GE HealthCare realized and unrealized gain (loss)$— $616 AerCap note unrealized gain (loss)13 12 Gains (losses) on retained and sold ownership interests$13 $628 Other net interest and investment income (loss)173 229 Licensing and royalty income43 56 Equity method income38 45 Other items35 49 Total other income (loss)$302 $1,007 

NOTE 19. RESTRUCTURING CHARGES AND SEPARATION COSTS

RESTRUCTURING AND OTHER CHARGES. This table is inclusive of all restructuring charges in our segments and at Corporate & Other. Separately, in our reported segment results, significant, higher-cost restructuring programs, primarily related to the separations, are excluded from measurement of segment operating performance for internal and external purposes; those excluded amounts are reported in Restructuring and other charges for Corporate & Other.RESTRUCTURING AND OTHER CHARGESThree months ended March 3120252024Workforce reductions$(1)$65 Plant closures & associated costs and other asset write-downs2 19 Acquisition/disposition net charges and other— 2 $2 $86 Cost of equipment/services$3 $— Selling, general and administrative expenses(1)86 Total restructuring and other charges$2 $86 Restructuring and other cash expenditures(a)$39 $79 (a) Primarily related to employee severance payments.The restructuring liability as of March 31, 2025 and December 31, 2024 was $218 million and $242 million, respectively.For the three months ended March 31, 2025 and 2024, restructuring and other charges for ongoing programs primarily included exit activities announced in the fourth quarter of 2022, reflecting lower Corporate & Other shared-service and footprint needs as a result of the GE HealthCare and GE