Company: GE
Filing Date: 2025-10-21
Form Type: 10-Q
Source: 0000040545-25-000132
Chunk: 124

Company: GENERAL ELECTRIC CO
Filing Date: 2025-10-21
Form: 10-Q
Item: Item 8
Chunk 124
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170 $54 $— $1,873 $36 $40 Qualifying cross currency interest rate swaps(a)3,533 — 119 416 8 — Non-qualifying currency exchange contracts and other(b)4,554 161 39 6,759 199 91 Gross derivatives$9,257 $215 $159 $9,047 $243 $131 Netting and credit adjustments$(64)$(64)$(55)$(54)Net derivatives recognized in statement of financial position$152 $95 $188 $77 (a) The fair values for cross-currency interest rate swaps are components of All other assets and All other Liabilities. All other derivatives included in the table are components of All other current assets and All other current liabilities in the Statement of Financial Position.(b) Gains (losses) included in our Statement of Operations were $(22) million and $175 million for the three months ended September 30, 2025 and 2024, and $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