Company: GE
Filing Date: 2025-07-21
Form Type: 10-Q
Source: 0000040545-25-000111
Chunk: 60

Company: GENERAL ELECTRIC CO
Filing Date: 2025-07-21
Form: 10-Q
Item: Item 4
Chunk 60
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 within Level 3, as significant inputs to their valuation models are unobservable at June 30, 2025 and December 31, 2024, respectively. During the six months ended June 30, 2025, $1,144 million was transferred out of Level 3 related to increases in the observability of external information used in determining fair value in our run-off insurance operations and primarily included certain investments in private placement U.S. and non-U.S. corporate debt securities. During the six months ended June 30, 2025 there were no significant transfers into Level 3 and during the six months ended June 30, 2024, there were no significant transfers into or out of Level 3.In addition to the equity securities described above, we held $1,680 million and $1,439 million of equity securities without RDFV including $1,651 million and $1,410 million within our run-off insurance operations at June 30, 2025 and December 31, 2024, respectively, that are classified within All other assets in our Statement of Financial Position. Fair value adjustments, net of impairments, recorded in income were $62 million and $29 million and $100 million and $63 million for the three and six months ended June 30, 2025, and 2024, respectively. These are primarily limited partnership investments in private equity, infrastructure and real estate funds that are measured at net asset value per share (or equivalent) as a practical expedient to estimated fair value and are excluded from the fair value hierarchy. These limited partnership investments are generally not eligible for redemption and generally cannot be sold without approval of the general partner. Distributions from each fund will be received as the underlying investments of the funds are liquidated at the discretion of the general partner. These investments are generally considered illiquid and our ability to receive the most recent net asset value in a sale would be determined by external market factors.

NOTE 4. CURRENT AND LONG-TERM RECEIVABLES

CURRENT RECEIVABLESJune 30, 2025December 31, 2024Customer receivables$8,305 $7,385 Revenue sharing and other partner receivables(a)1,272 1,113 Non-income based tax receivables131 128 Supplier advances673 546 Receivables from disposed businesses57 99 Other sundry receivables151 162 Allowance for credit losses(76)(