Company: GE
Filing Date: 2025-07-21
Form Type: 10-Q
Source: 0000040545-25-000111
Chunk: 56

Company: GENERAL ELECTRIC CO
Filing Date: 2025-07-21
Form: 10-Q
Item: Item 4
Chunk 56
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5. For further information about factors that are relevant to the estimate of total losses for borrower litigation at Bank BPH, see Note 22. Future changes or adverse developments could increase our estimate of total losses and potentially require future cash contributions to Bank BPH.The Bank BPH financing receivable portfolio is recorded at the lower of cost or fair value, less cost to sell, which reflects market yields and estimates with respect to ongoing borrower litigation. At June 30, 2025, the total portfolio had no carrying value, net of a valuation allowance. Income (loss) related to ongoing borrower litigation was zero in pre-tax charges for both the three and six months ended June 30, 2025, and 2024, respectively.RESULTS OF DISCONTINUED OPERATIONSThree months ended June 3020252024GE VernovaBank BPH & OtherTotalGE VernovaBank BPH & OtherTotalTotal revenue$— $— $— $— $— $— Cost of equipment and services sold— — — — — — Other income, costs and expenses2 5 6 (11)8 (2)Net income (loss) of discontinued operations before income taxes2 5 6 (11)8 (2)Benefit (provision) for income taxes— 15 15 (58)(3)(61)Net income (loss) of discontinued operations, net of taxes1 19 21 (68)5 (63)Gain (loss) on disposal before income taxes— — — — 9 9 Benefit (provision) for income taxes— — — — — — Gain (loss) on disposal, net of taxes— — — — 9 9 Net income (loss) from discontinued operations, net of taxes$1 $19 $21 $(68)$14 $(54)RESULTS OF DISCONTINUED OPERATIONSSix months ended June 3020252024GE VernovaBank BPH & OtherTotalGE VernovaBank BPH & OtherTotalTotal revenue$— $— $— $7,244 $— $7,244 Cost of equipment and services sold— — — (6,074)— (6,074)Other income, costs and expenses1 4 6 (1,299)14 (1