Company: GE
Filing Date: 2025-02-03
Form Type: 10-K
Source: 0000040545-25-000015
Chunk: 135

Company: GENERAL ELECTRIC CO
Filing Date: 2025-02-03
Form: 10-K
Item: Item 3
Chunk 135
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 do not anticipate having to make additional required contributions in the near future. On an ERISA basis, our estimate for 2024 is that the GE Aerospace Pension Plan was 85% funded and the U.S. GAAP funded status is 91%.

58 2024 FORM 10-K

In 2025, we expect to make payments of approximately $210 million for our GE Aerospace Supplementary Pension Plan benefits and remaining principal pension plans administrative costs. We also expect to contribute approximately $40 million to other pension plans in 2025. We fund retiree benefit plans on a pay-as-you-go basis and the retiree benefit insurance trust at our discretion. We expect to contribute approximately $120 million to fund such benefits in 2025. COST OF OUR BENEFITS PLANS AND ASSUMPTIONS202420232022Principal pension Other pension Principal retiree benefit Principal pension Other pension Principal retiree benefit Principal pension Other pension Principal retiree benefit Components of expense (income)Service cost - operating$71 $22 $13 $94 $37 $17 $221 $86 $39 Interest cost1,401 227 71 1,892 422 111 2,069 398 108 Expected return on plan assets(1,751)(310)— (2,376)(587)— (3,142)(967)— Amortization of net loss (gain)(468)41 (82)(723)20 (124)1,422 101 (115)Amortization of prior service cost (credit)6 (1)(103)5 (4)(148)5 (8)(235)Curtailment / settlement loss (gain)— — — (6)— — (6)— Non-operating$(812)$(43)$(114)$(1,202)$(155)$(161)$354 $(482)$(242)Net periodic expense (income)$(741)$(21)$(101)$(1,108)$(118)$(144)$575 $(396)$(203)Less: discontinued operations(88)(12)(15)(377)(78)(57)270 (320)(134)Continuing operations - net periodic expense (income)$(653)$(9)$(86)$(731)$(40)$(87)$305 $(76)$(69)Weighted-average benefit obligations assumptionsDiscount rate5.67 %5.48