Company: GE
Filing Date: 2025-10-21
Form Type: 10-Q
Source: 0000040545-25-000132
Chunk: 143

Company: GENERAL ELECTRIC CO
Filing Date: 2025-10-21
Form: 10-Q
Item: Item 1
Chunk 143
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Estimatedfair value DebtU.S. corporate$27,489 $869 $(1,883)$26,475 $28,456 $546 $(2,309)$26,692 Non-U.S. corporate2,871 46 (233)2,684 2,970 23 (302)2,691 State and municipal2,666 55 (190)2,531 2,409 22 (235)2,196 Mortgage and asset-backed5,324 70 (131)5,262 5,007 47 (183)4,870 Government and agencies1,048 5 (103)951 1,180 4 (118)1,066 Equity254 — — 254 225 — — 225 Non-current investment securities$39,652 $1,044 $(2,539)$38,158 $40,248 $641 $(3,148)$37,741 The amortized cost of debt securities excludes accrued interest of $497 million and $473 million at September 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 September 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 $18,065 million and $21,876 million, of which $15,368 million and $14,011 million had gross unrealized losses of $(2,463) million and $(2,795) million and have been in a loss position for 12 months or more at September 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