Company: GE
Filing Date: 2025-04-22
Form Type: 10-Q
Source: 0000040545-25-000062
Chunk: 32

Company: GENERAL ELECTRIC CO
Filing Date: 2025-04-22
Form: 10-Q
Item: Item 7
Chunk 32
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55)(0.05)(43)(0.04)Tax effect on U.S. tax equity net income (loss)630.06580.05Less: U.S. tax equity net income (loss) (net of tax)90.01150.01Non-operating benefit (cost) income (pre-tax) (GAAP)2010.192170.20Tax effect on non-operating benefit (cost) income(42)(0.04)(46)(0.04)Less: Non-operating benefit (cost) income (net of tax)1590.151710.16Gains (losses) on purchases and sales of business interests (pre-tax)(a)——100.01Tax effect on gains (losses) on purchases and sales of business interests3—70.01Less: Gains (losses) on purchases and sales of business interests (net of tax)3—170.02Gains (losses) on retained and sold ownership interests and other equity securities (pre-tax)(a)70.016350.58Tax effect on gains (losses) on retained and sold ownership interests and other equity securities(b)(c)1—(1)—Less: Gains (losses) on retained and sold ownership interests and other equity securities (net of tax)80.016330.57Restructuring & other (pre-tax)(a)(1)—(70)(0.06)Tax effect on restructuring & other——150.01Less: Restructuring & other (net of tax)(1)—(55)(0.05)Separation costs (pre-tax)(a)(51)(0.05)(259)(0.23)Tax effect on separation costs100.01340.03Less: Separation costs (net of tax)(41)(0.04)(225)(0.20)Adjusted net income (loss) (Non-GAAP)$1,601$1.49$1,026$0.93Net income from continuing operations before taxes (GAAP)$2,245$1,987Less: Total adjustments above (pre-tax)308690Adjusted net income before taxes (Non-GAAP)$1,937$1,297Provision (benefit) for income taxes (GAAP)$283$244Less: Tax effect on adjustments above(59)(24)Adjusted provision (benefit) for income taxes (Non-GAAP)$341$268Effective income tax rate (GAAP)12.6%12.3