Company: GE
Filing Date: 2025-07-21
Form Type: 10-Q
Source: 0000040545-25-000111
Chunk: 76

Company: GENERAL ELECTRIC CO
Filing Date: 2025-07-21
Form: 10-Q
Item: Item 4
Chunk 76
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 million and $216 million of net tax benefits and paid $70 million and $407 million in cash, respectively. For 2024, the net tax benefits included deferred tax benefits associated with state tax attributes.For the six months ended June 30, 2025 and 2024, we incurred pre-tax separation costs of $98 million and $334 million, recognized$20 million and $251 million of net tax benefits, and paid $146 million and $572 million in cash, respectively, related to separation activities.The pre-tax separation costs specifically identifiable to GE HealthCare and GE Vernova are reflected in discontinued operations. We incurred insignificant costs for both GE Healthcare and GE Vernova for the three months ended June 30, 2025, as well as for GE Vernova for the three months ended June 30, 2024. Additionally, we recognized $10 million in pre-tax income, incurred $2 million of net tax expense related to GE HealthCare and we paid $0 million and $38 million in cash related to GE HealthCare and GE Vernova, respectively, for the three months ended June 30, 2024. For the six months ended June 30, 2024, we recognized $10 million in pre-tax income, incurred $2 million of net tax expense, and spent $9 million in cash, related to GE HealthCare. In addition, we incurred pre-tax separation costs of $97 million, recognized $20 million of net tax benefit and paid $121 million in cash related to GE Vernova for the six months ended June 30, 2024.

NOTE 20. FINANCIAL INSTRUMENTS. The following table provides information about assets and liabilities not carried at fair value and excludes finance leases, equity securities without readily determinable fair value and non-financial assets and liabilities. Substantially all of these assets are considered Level 3 and substantially all these liabilities’ fair value are considered Level 2. 

June 30, 2025December 31, 2024Carryingamount(net)Estimatedfair valueCarryingamount(net)Estimatedfair valueAssetsLoans and other receivables(a)$2,221 $1,961 $2,261 $1,981 LiabilitiesBorrowings (Note 10)18,886 18,703 19,273 18,805 Investment contracts(a)1,274 1,333 1,375 1,432