Company: GE
Filing Date: 2025-02-03
Form Type: 10-K
Source: 0000040545-25-000015
Chunk: 208

Company: GENERAL ELECTRIC CO
Filing Date: 2025-02-03
Form: 10-K
Item: Item 1
Chunk 208
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,437 $19,020 $20,253 $1,990 $2,184 GE Aerospace Supplementary Pension Plan2,814 3,000 — — 2,814 3,000     23,824 25,437 19,020 20,253 4,804 5,184 Other Pension Plans:Subject to regulatory funding2,736 3,225 3,592 3,913 (856)(688)Not subject to regulatory funding404 440 — — 404 440 Principal retiree benefit plans for GE Aerospace1,202 1,289 6 8 1,196 1,281 Total plans subject to regulatory funding23,746 25,662 22,612 24,166 1,134 1,496 Total plans not subject to regulatory funding4,420 4,729 6 8 4,414 4,721 Total plans 28,166 30,391 22,618 24,174 5,548 6,217 Due to the spin-off of Vernova on April 2, 2024, as discussed in Note 1, we have excluded 2023 GE Vernova benefit obligations of $18,258, assets of $16,342, and a deficit of $1,916 from the above funding status by plan type chart. FUNDING. The Employee Retirement Income Security Act (ERISA) determines minimum funding requirements in the U.S. No contributions were required or made for the GE Aerospace Pension Plan during 2024 and based on our current assumptions, we do not anticipate having to make additional required contributions in the near future. On an ERISA basis, our estimate for 2024 is that the GE Aerospace Pension Plan was 85% funded and the U.S. GAAP funded status is 91%.

58 2024 FORM 10-K

In 2025, we expect to make payments of approximately $210 million for our GE Aerospace Supplementary Pension Plan benefits and remaining principal pension plans administrative costs. We also expect to contribute approximately $40 million to other pension plans in 2025. We fund retiree benefit plans on a pay-as-you-go basis and the retiree benefit insurance trust at our discretion. We expect to contribute approximately $120 million to fund such benefits in 2025. COST OF OUR BENEFITS PLANS AND ASSUMPTIONS202420232022Principal