Company: GE
Filing Date: 2025-07-21
Form Type: 10-Q
Source: 0000040545-25-000111
Chunk: 78

Company: GENERAL ELECTRIC CO
Filing Date: 2025-07-21
Form: 10-Q
Item: Item 4
Chunk 78
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)6,903 242 29 6,759 199 91 Gross derivatives$10,345 $306 $121 $9,047 $243 $131 Netting and credit adjustments$(68)$(68)$(55)$(54)Net derivatives recognized in statement of financial position$238 $53 $188 $77 (a) Gains (losses) on interest settlements related to cross-currency swaps included in our Statement of Operations were $6 million and $8 million for the three months and six months ended June 30, 2025, respectively. There was no activity during the first two quarters of 2024.(b) Gains (losses) included in our Statement of Operations were $181 million and $40 million for the three months ended June 30, 2025 and 2024, and $216 million and $62 million for six months ended June 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 June 30Six months ended June 30Three months ended June 30Six months ended June 3020252024202520242025202420252024Cash flow hedges(a)$63 $(14)$110 $(21)$7 $5 $4 $12 Net investment hedges(b)(479)68 (692)150 — — — — (a) Primarily currency exchange contracts, and recognized in Costs of equipment or services sold in our Statement of Operations. We expect to reclassify a $64 million gain from AOCI to net income in the next 12 months contemporaneously with the income effects of the related forecasted transactions. (b) The carrying value of foreign currency debt designated as net investment hedges was $4,892 million and $5,199 million at June 30, 2025 and December 31, 2024, respectively. FAIR VALUE HEDGES. We used fair value hedges to hedge the effects of interest rate and currency changes on debt