Company: GE
Filing Date: 2025-07-21
Form Type: 10-Q
Source: 0000040545-25-000111
Chunk: 135

Company: GENERAL ELECTRIC CO
Filing Date: 2025-07-21
Form: 10-Q
Item: Item 1
Chunk 135
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(63)Gain (loss) on disposal before income taxes— — — — 9 9 Benefit (provision) for income taxes— — — — — — Gain (loss) on disposal, net of taxes— — — — 9 9 Net income (loss) from discontinued operations, net of taxes$1 $19 $21 $(68)$14 $(54)RESULTS OF DISCONTINUED OPERATIONSSix months ended June 3020252024GE VernovaBank BPH & OtherTotalGE VernovaBank BPH & OtherTotalTotal revenue$— $— $— $7,244 $— $7,244 Cost of equipment and services sold— — — (6,074)— (6,074)Other income, costs and expenses1 4 6 (1,299)14 (1,284)Net income (loss) of discontinued operations before income taxes1 4 6 (129)14 (115)Benefit (provision) for income taxes— 22 22 (132)3 (129)Net income (loss) of discontinued operations, net of taxes1 26 27 (261)17 (243)Gain (loss) on disposal before income taxes— 4 4 — 11 11 Benefit (provision) for income taxes— — — — — — Gain (loss) on disposal, net of taxes— 4 4 — 11 11 Net income (loss) from discontinued operations, net of taxes$1 $30 $31 $(261)$29 $(232)

20 2025 2Q FORM 10-Q 

ASSETS AND LIABILITIES OF DISCONTINUED OPERATIONSJune 30, 2025December 31, 2024Cash, cash equivalents and restricted cash(a)$1,429 $1,327 Current receivables28 13  Property, plant and equipment - net 33 40 All other assets505 438 Deferred income taxes11 24 Assets of discontinued operations(b)$2,007 $1,841 Accounts payable$33 $30 Non-current compensation and benefits33 33 All other liabilities1,297 1,254 Liabilities of discontinued operations(b)$1