Company: GE
Filing Date: 2025-02-03
Form Type: 10-K
Source: 0000040545-25-000015
Chunk: 191

Company: GENERAL ELECTRIC CO
Filing Date: 2025-02-03
Form: 10-K
Item: Item 1
Chunk 191
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)(1,252)(1,547)Benefit (provision) for income taxes(171)1,706 4 1,539 Earnings (loss) of discontinued operations, net of taxes(417)1,656 (1,248)(8)Gain (loss) on disposal before income taxes— — 6 6 Benefit (provision) for income taxes— — — — Gain (loss) on disposal, net of taxes— — 6 6 Earnings (loss) from discontinued operations, net of taxes$(417)$1,656 $(1,242)$(3)For the year ended December 31, 2022GE VernovaGE HealthCareBank BPH & OtherTotalTotal revenue$29,645 $18,457 $— $48,102 Cost of equipment and services sold(25,981)(11,265)— (37,246)Other income, costs and expenses(5,985)(4,842)(808)(11,636)Earnings (loss) of discontinued operations before income taxes(2,322)2,350 (808)(780)Benefit (provision) for income taxes171 (521)(32)(382)Earnings (loss) of discontinued operations, net of taxes(2,151)1,829 (841)(1,163)Gain (loss) on disposal before income taxes— 6 58 64 Benefit (provision) for income taxes— 11 139 150 Gain (loss) on disposal, net of taxes— 17 196 213 Earnings (loss) from discontinued operations, net of taxes$(2,151)$1,846 $(644)$(949)The tax benefit for the year ended December 31, 2023 for GE HealthCare relates to retroactive 2023 Internal Revenue Service (IRS) guidance concerning foreign tax credits and accounting method changes and completion of the 2022 U.S. federal tax return, as well as net tax benefit resulting from preparatory steps for the spin-off.

2024 FORM 10-K 49

ASSETS AND LIABILITIES OF DISCONTINUED OPERATIONSDecember 31, 2024December 31, 2023Cash, cash equivalents and restricted cash(a)$1,327 $3,762 Current receivables13 7,324 Inventories, including deferred inventory