Company: GE
Filing Date: 2025-07-21
Form Type: 10-Q
Source: 0000040545-25-000111
Chunk: 69

Company: GENERAL ELECTRIC CO
Filing Date: 2025-07-21
Form: 10-Q
Item: Item 4
Chunk 69
---
The components of benefit plans cost other than the service cost are included in the caption Non-operating benefit costs in our Statement of Operations.PRINCIPAL PENSION PLANSThree months ended June 30Six months ended June 302025202420252024Service cost for benefits earned$14 $17 $33 $37 Prior service cost amortization(3)1 (5)4 Expected return on plan assets(375)(390)(750)(968)Interest cost on benefit obligations326 315 651 768 Net actuarial gain amortization(125)(103)(253)(257)Net periodic expense (income)$(163)$(160)$(324)$(416)Less discontinued operations$— $— $— $(88)Continuing operations - net periodic expense (income)$(163)$(160)$(324)$(328)Principal retiree benefit plans income was $17 million and $21 million for the three months ended June 30, 2025 and 2024, and $32 million and $57 million for the six months ended June 30, 2025 and 2024, respectively. Principal retiree benefit plans income from continuing operations was $21 million and $43 million for the three and six months ended June 30, 2024, respectively.We have a defined contribution plan for eligible U.S. employees that provides employer contributions, which were $59 million and $74 million for the three months ended June 30, 2025 and 2024,and $139 million and $163 million for the six months ended June 30, 2025 and 2024, respectively. Employer contributions from continuing operations were $74 million and $128 million for the three and six months ended June 30, 2024, respectively.

NOTE 14. SALES DISCOUNTS AND ALLOWANCES & ALL OTHER LIABILITIES.

Sales discounts and allowances increased $447 million in the six months ended June 30, 2025, primarily due to accruals on product reserves, spare part discounts and engine shipments outpacing payments to airline customers in Commercial Engines & Services.All other current liabilities and All other liabilities primarily includes employee compensation and benefits, equipment project and commercial liabilities, income taxes payable and uncertain tax positions, environmental, health and safety remediations, operating lease liabilities (see Note 6) and product warranties (see Note 22). All other current liabilities decreased $525 million in the