Company: GE
Filing Date: 2025-10-21
Form Type: 10-Q
Source: 0000040545-25-000132
Chunk: 74

Company: GENERAL ELECTRIC CO
Filing Date: 2025-10-21
Form: 10-Q
Item: Item 4
Chunk 74
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 consolidated financial statements of our Annual Report on Form 10-K for the year ended December 31, 2024 for further information.

The components of benefit plans cost other than the service cost are included in the caption Non-operating benefit costs in our Statement of Operations.PRINCIPAL PENSION PLANSThree months ended September 30Nine months ended September 302025202420252024Service cost for benefits earned$14 $16 $47 $53 Prior service cost amortization(2)1 (7)5 Expected return on plan assets(375)(392)(1,125)(1,360)Interest cost on benefit obligations325 317 976 1,085 Net actuarial gain amortization(126)(105)(379)(362)Net periodic expense (income)$(164)$(163)$(488)$(579)Less discontinued operations$— $— $— $(88)Continuing operations - net periodic expense (income)$(164)$(163)$(488)$(491)Principal retiree benefit plans income was $17 million and $22 million for the three months ended September 30, 2025 and 2024, and $49 million and $79 million for the nine months ended September 30, 2025 and 2024, respectively. Principal retiree benefit plans income from continuing operations was $22 million and $65 million for the three and nine months ended September 30, 2024, respectively.We have a defined contribution plan for eligible U.S. employees that provides employer contributions, which were $55 million and $47 million for the three months ended September 30, 2025 and 2024, and $194 million and $210 million for the nine months ended September 30, 2025 and 2024, respectively. Employer contributions from continuing operations were $47 million and $175 million for the three and nine months ended September 30, 2024, respectively.

NOTE 14. SALES DISCOUNTS AND ALLOWANCES & ALL OTHER LIABILITIES. Sales discounts and allowances increased $554 million in the nine months ended September 30, 2025, primarily due to accruals on product reserves, spare part discounts and engine shipments outpacing payments to airline customers in Commercial Engines & Services.

All other current liabilities and All other liabilities primarily includes employee compensation and benefits, equipment project and commercial liabilities, income taxes payable and uncertain tax positions, environmental