Company: GE
Filing Date: 2025-07-21
Form Type: 10-Q
Source: 0000040545-25-000111
Chunk: 163

Company: GENERAL ELECTRIC CO
Filing Date: 2025-07-21
Form: 10-Q
Item: Item 1
Chunk 163
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; and (v) if applicable, the nature of the regulatory environment. We have aggregated Defense & Systems and Propulsion & Additive Technology into one reportable segment, Defense & Propulsion Technologies, based on similarity in economic characteristics, other qualitative factors and the objectives and principles of ASC 280, Segment Reporting. This is consistent with how our chief operating decision maker (CODM) allocates resources and makes decisions. Refer to our Annual Report on Form 10-K for the year ended December 31, 2024, for a description of our segments, further information regarding our determination of segment profit for continuing operations and our allocations of corporate costs to our segments. 

The Company does not report total assets by segment for internal or external reporting purposes as the Company’s CODM does not assess performance, make strategic decisions, or allocate resources based on assets.EQUIPMENT & SERVICES REVENUEThree months ended June 3020252024EquipmentServicesTotalEquipmentServicesTotalCommercial Engines & Services$1,931 $6,059 $7,990 $1,427 $4,705 $6,132 Defense & Propulsion Technologies1,233 1,329 2,563 1,071 1,329 2,401 Total segment revenue$3,164 $7,389 $10,553 $2,498 $6,034 $8,533 Six months ended June 3020252024EquipmentServicesTotalEquipmentServicesTotalCommercial Engines & Services$3,789 $11,177 $14,966 $3,133 $9,095 $12,228 Defense & Propulsion Technologies2,284 2,604 4,887 2,080 2,633 4,713 Total segment revenue$6,073 $13,781 $19,854 $5,213 $11,727 $16,941 EXPENSES, PROFIT AND INCOMEThree months ended June 30Six months ended June 302025202420252024Commercial Engines & ServicesCost of revenue$5,214 $3,931 $9,711 $8,110 Selling, general and administrative expenses438 413 860 839 Research and development301 233 589 434 Other segment expenses (income)(a)(195)(125)(346)(253)Total Commercial Engines & Services expenses5,757 4,453 10,