Company: GE
Filing Date: 2025-07-21
Form Type: 10-Q
Source: 0000040545-25-000111
Chunk: 98

Company: GENERAL ELECTRIC CO
Filing Date: 2025-07-21
Form: 10-Q
Item: Item 8
Chunk 98
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,487 40 (216)2,311 2,409 22 (235)2,196 Mortgage and asset-backed5,448 64 (149)5,363 5,007 47 (183)4,870 Government and agencies1,121 5 (115)1,010 1,180 4 (118)1,066 Equity240 — — 240 225 — — 225 Non-current investment securities$39,946 $863 $(2,923)$37,887 $40,248 $641 $(3,148)$37,741 The amortized cost of debt securities excludes accrued interest of $467 million and $473 million at June 30, 2025 and December 31, 2024, respectively, which is reported in All other current assets.The estimated fair value of non-current investment securities at June 30, 2025 increased since December 31, 2024, primarily due to lower market  yields partially offset by net proceeds from debt/equity securities sales and redemptions.Total estimated fair value of debt securities in an unrealized loss position were $19,794 million and $21,876 million, of which $13,707 million and $14,011 million had gross unrealized losses of $(2,652) million and $(2,795) million and have been in a loss position for 12 months or more at June 30, 2025 and December 31, 2024, respectively. The majority of our U.S. and non-U.S. corporate securities' gross unrealized losses were in the consumer, electric, technology, communication and energy industries. The majority of our  commercial mortgage-backed securities and asset-backed securities in an unrealized loss position have received investment-grade credit ratings from the major rating agencies. For our securities in an unrealized loss position, the losses are not indicative of credit losses, we currently do not intend to sell the investments, and it is not more likely than not that we will be required to sell the investments before recovery of their amortized cost basis.

2025 2Q FORM 10-Q 21

Three months ended June 30Six months ended June 302025202420252024Net unrealized gains (losses) for equity securities with readily determinable fair value (RDFV)$5 $(378)$10 $62 Proceeds from debt/e