Company: GE
Filing Date: 2025-07-21
Form Type: 10-Q
Source: 0000040545-25-000111
Chunk: 19

Company: GENERAL ELECTRIC CO
Filing Date: 2025-07-21
Form: 10-Q
Item: Item 2
Chunk 19
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 (losses) on purchases and sales of business interests——(2)—3—5—Less: Gains (losses) on purchases and sales of business interests (net of tax)——80.013—250.02Gains (losses) on retained and sold ownership interests and other equity securities (pre-tax)(a)3—(393)(0.36)90.012410.22Tax effect on gains (losses) on retained and sold ownership interests and other equity securities(b)(c)————1—(1)—Less: Gains (losses) on retained and sold ownership interests and other equity securities (net of tax)3—(393)(0.36)110.012400.22Restructuring & other (pre-tax)(a)(26)(0.02)(77)(0.07)(27)(0.03)(147)(0.13)Tax effect on restructuring & other50.01160.0160.01310.03Less: Restructuring & other (net of tax)(21)(0.02)(61)(0.06)(21)(0.02)(116)(0.11)Separation costs (pre-tax)(a)(47)(0.04)(75)(0.07)(98)(0.09)(334)(0.30)Tax effect on separation costs100.012160.20200.022510.23Less: Separation costs (net of tax)(37)(0.03)1410.13(78)(0.07)(84)(0.08)Adjusted net income (loss) (Non-GAAP)$1,777$1.66$1,321$1.20$3,378$3.14$2,347$2.13Net income from continuing operations before taxes (GAAP)$2,389$1,447$4,634$3,434Less: Total adjustments above (pre-tax)211(213)519477Adjusted net income before taxes (Non-GAAP)$2,177$1,660$4,115$2,957Provision (benefit) for income taxes (GAAP)$388$125$671$369Less: Tax effect on adjustments above(20)(212)(78)(236)Adjusted provision (benefit) for income taxes (Non-GAAP)$408$337$749$605Effective income tax rate (GAAP)16.2%8.6%14.5%10.7%Adjusted