Company: GE
Filing Date: 2025-10-21
Form Type: 10-Q
Source: 0000040545-25-000132
Chunk: 84

Company: GENERAL ELECTRIC CO
Filing Date: 2025-10-21
Form: 10-Q
Item: Item 4
Chunk 84
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 $194 million and $237 million for nine months ended September 30, 2025 and 2024, respectively, primarily in SG&A, driven by hedges of foreign currency exchange and deferred employee compensation. Substantially all of these amounts are offset by the remeasurement of the underlying exposure through income. CASH FLOW HEDGES AND NET INVESTMENT HEDGESAmount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) on DerivativesAmount of Gain (Loss) Reclassified from AOCI into Net IncomeThree months ended September 30Nine months ended September 30Three months ended September 30Nine months ended September 3020252024202520242025202420252024Cash flow hedges(a)$(27)$17 $82 $(4)$29 $2 $33 $14 Net investment hedges(68)(258)(760)(108)— — — — (a) Primarily currency exchange contracts, and recognized in SG&A and Costs of equipment or services sold in our Statement of Operations. FAIR VALUE HEDGES. We used fair value hedges to hedge the effects of interest rate and currency changes on debt we issued. All fair value hedges were terminated in 2022 due to exposure management actions. The cumulative net gains related to hedging adjustments of $995 million and $1,037 million on discontinued hedges were included primarily in long-term borrowings of $8,704 million and $8,387 million as of September 30, 2025 and December 31, 2024, respectively, and will continue to amortize into interest expense until the borrowings mature. 

2025 3Q FORM 10-Q 31

COUNTERPARTY CREDIT RISK. Our exposures to counterparties (including accrued interest) were $152 million and $188 million at September 30, 2025 and December 31, 2024, respectively. Counterparties' exposures to our derivative liability (including accrued interest), were $95 million and $77 million at September 30, 2025 and December 31, 2024, respectively.

NOTE 21. VARIABLE INTEREST ENTITIES. In our Statement of Financial Position, we have assets of $166 million and $141 million and liabilities of $142 million and $131 million at September 30, 2025 and December 31, 2024, respectively, in consolidated Variable Interest Entities (VIEs).