Company: GE
Filing Date: 2025-02-03
Form Type: 10-K
Source: 0000040545-25-000015
Chunk: 190

Company: GENERAL ELECTRIC CO
Filing Date: 2025-02-03
Form: 10-K
Item: Item 1
Chunk 190
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 loan forgiveness of $1,797 million; no incremental contributions from GE Aerospace were required in 2024. For further information about factors that are relevant to the estimate of total losses for borrower litigation at Bank BPH, see Note 24. 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 December 31, 2024, the total portfolio had no carrying value, net of a valuation allowance. Earnings (loss) related to ongoing borrower litigation included zero, $1,189 million and $720 million in pre-tax charges for the years ended December 31, 2024, 2023 and 2022, respectively.

48 2024 FORM 10-K

RESULTS OF DISCONTINUED OPERATIONSFor the year ended December 31, 2024 GE VernovaGE HealthCareBank BPH & OtherTotalTotal revenue$7,244 $— $— $7,244 Cost of equipment and services sold(6,074)— — (6,074)Other income, costs and expenses(1,299)21 (41)(1,320)Earnings (loss) of discontinued operations before income taxes(129)21 (41)(150)Benefit (provision) for income taxes27 (5)17 40 Earnings (loss) of discontinued operations, net of taxes(102)16 (24)(110)Gain (loss) on disposal before income taxes— — 21 21 Benefit (provision) for income taxes— — (1)(1)Gain (loss) on disposal, net of taxes— — 19 19 Earnings (loss) from discontinued operations, net of taxes$(102)$16 $(4)$(91)For the year ended December 31, 2023GE VernovaGE HealthCareBank BPH & OtherTotalTotal revenue$33,265 $— $— $33,265 Cost of equipment and services sold(28,205)— — (28,205)Other income, costs and expenses(5,306)(50)(1,252)(6,607)Earnings (loss) of discontinued operations before income taxes(246)(50