Company: GE
Filing Date: 2025-10-21
Form Type: 10-Q
Source: 0000040545-25-000132
Chunk: 61

Company: GENERAL ELECTRIC CO
Filing Date: 2025-10-21
Form: 10-Q
Item: Item 4
Chunk 61
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 revenue$— $— $— $7,244 $— $7,244 Cost of equipment and services sold— — — (6,074)— (6,074)Other income, costs and expenses2 (3)— (1,300)20 (1,280)Net income (loss) of discontinued operations before income taxes2 (3)— (130)20 (110)Benefit (provision) for income taxes(2)13 10 4 4 8 Net income (loss) of discontinued operations, net of taxes— 10 10 (126)24 (102)Gain (loss) on disposal before income taxes— 4 4 — 18 18 Benefit (provision) for income taxes— — — — (1)(1)Gain (loss) on disposal, net of taxes— 4 4 — 17 17 Net income (loss) from discontinued operations, net of taxes$— $14 $14 $(126)$41 $(85)

20 2025 3Q FORM 10-Q

ASSETS AND LIABILITIES OF DISCONTINUED OPERATIONSSeptember 30, 2025December 31, 2024Cash, cash equivalents and restricted cash(a)$1,171 $1,327 Current receivables28 13  Property, plant and equipment - net 30 40 All other assets719 438 Deferred income taxes8 24 Assets of discontinued operations(b)$1,957 $1,841 Accounts payable$27 $30 Non-current compensation and benefits33 33 All other liabilities1,230 1,254 Liabilities of discontinued operations(b)$1,290 $1,317 (a) Included $1,168 million and $1,324 million of cash, cash equivalents and restricted cash related to Bank BPH as of September 30, 2025 and December 31, 2024, respectively, with the decrease primarily driven by purchases of investment securities in the third quarter which are recorded in All Other Assets.(b) Included $1,488 million and $1,594 million of valuation allowances against financing receivables held for sale, of which $1,488 million and $1,517 million related to estimated borrower litigation losses, and