Company: GE
Filing Date: 2025-10-21
Form Type: 10-Q
Source: 0000040545-25-000132
Chunk: 44

Company: GENERAL ELECTRIC CO
Filing Date: 2025-10-21
Form: 10-Q
Item: Item 7
Chunk 44
---
)——(251)(0.23)Tax effect on goodwill impairments————————Less: goodwill impairments (net of tax)——(251)(0.23)——(251)(0.23)Separation costs (pre-tax)(a)(53)(0.05)(74)(0.07)(150)(0.14)(408)(0.37)Tax effect on separation costs110.01610.06310.033110.28Less: Separation costs (net of tax)(42)(0.04)(13)(0.01)(119)(0.11)(97)(0.09)Adjusted net income (loss) (Non-GAAP)$1,764$1.66$1,255$1.15$5,141$4.80$3,602$3.28Net income from continuing operations before taxes (GAAP)$2,515$1,893$7,149$5,327Less: Total adjustments above (pre-tax)438330957807Adjusted net income before taxes (Non-GAAP)$2,077$1,563$6,192$4,520Provision (benefit) for income taxes (GAAP)$344$198$1,015$567Less: Tax effect on adjustments above33(121)(45)(357)Adjusted provision (benefit) for income taxes (Non-GAAP)$311$318$1,061$923Effective income tax rate (GAAP)13.7%10.5%14.2%10.6%Adjusted effective income tax rate (Non-GAAP)15.0%20.3%17.1%20.4%(a) See the Corporate & Other and Other Consolidated Information sections for further information.(b) Includes tax benefits available to offset the tax on gains (losses) on equity securities.(c) Includes related tax valuation allowances. Tax effect on Insurance net income includes valuation allowances for 2025.Earnings-per-share amounts are computed independently. As a result, the sum of per-share amounts may not equal the total.We believe that Adjusted net income* and the Adjusted effective income tax rate* provide management and investors with useful measures to evaluate the performance of the total company and increased period-to-period comparability, as well as a more complete understanding of underlying operating results and trends of established, ongoing operations by excluding items that are not closely related with ongoing operations. We also use Adjusted EPS* as a performance metric at the company level for our performance