Company: GE
Filing Date: 2025-02-03
Form Type: 10-K
Source: 0000040545-25-000015
Chunk: 171

Company: GENERAL ELECTRIC CO
Filing Date: 2025-02-03
Form: 10-K
Item: Item 3
Chunk 171
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%, 64% and 94% is expected to be recognized within 1, 2 and 5 years, respectively, and the remaining thereafter; and 2) services-related remaining performance obligations of $149,127 million of which 12%, 41%, 68% and 85% is expected to be recognized within 1, 5, 10 and 15 years, respectively, and the remaining thereafter. Contract modifications could affect both the timing to complete as well as the amount to be received as we fulfill the related remaining performance obligations.

NOTE 26. SUMMARIZED FINANCIAL INFORMATION

Equity method investments. Unconsolidated entities over which we have significant influence are accounted for as equity method investments and presented on a one-line basis in All other assets on our Statement of Financial Position. Equity method income includes our share of the results of unconsolidated entities, gains (loss) from sales and impairments of investments, which is included in Other income and in Insurance revenue in our Statement of Earnings (Loss). See Notes 1, 9 and 19 for further information.Equity method investmentbalance (Note 9)Equity method income (loss) (Note 19)December 3120242023202420232022Commercial Engines & Services$1,610 $1,551 $301 $276 $139 Defense & Propulsion Technologies186 175 8 8 8 Corporate & Other(a)4,451 3,863 147 61 75 Total$6,247 $5,590 $456 $345 $223 (a) Equity method investments within Corporate & Other include investments held by run-off insurance operations of $2,933 million and $2,383 million and U.S. tax equity of $1,280 million and $1,227 million as of December 31, 2024 and 2023, respectively.Summarized financial information of these equity method investments is as follows.For the years ended December 3120242023(a)2022(a)Revenue$35,342 $41,403 $31,454 Gross profit (loss)1,229 4,093 107 Net income (loss)3,243 4,768 210 Net income (loss) attributable to the entity3,199 4,731 188 (a) Includes AerCap Gross profit (loss) of $3,096 million and $(