Company: GE
Filing Date: 2025-02-03
Form Type: 10-K
Source: 0000040545-25-000015
Chunk: 243

Company: GENERAL ELECTRIC CO
Filing Date: 2025-02-03
Form: 10-K
Item: Item 1
Chunk 243
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3,405 4,584 7,989 Total segment revenue$11,315 $25,045 $36,360 $10,170 $22,647 $32,816 $8,530 $18,272 $26,802 Total sales of equipment and services to agencies of the U.S. Government were 12%, 14% and 15% of total revenue for the years ended December 31, 2024, 2023 and 2022, respectively. EXPENSES, PROFIT AND EARNINGS For the years ended December 31202420232022Commercial Engines & ServicesCost of revenue$17,703 $16,575 $13,329 Selling, general and administrative expenses1,678 1,386 1,119 Research and development993 736 543 Other segment expenses (income)(a)(548)(484)(342)Total Commercial Engines & Services expenses19,826 18,213 14,649 Defense & Propulsion TechnologiesCost of revenue7,237 6,929 5,971 Selling, general and administrative expenses954 893 810 Research and development301 277 271 Other segment expenses (income)(a)(75)(46)(39)Total Defense & Propulsion Technologies expenses8,417 8,053 7,013 Commercial Engines & Services7,055 5,643 4,164 Defense & Propulsion Technologies1,061 908 976 Total segment profit (loss)8,116 6,551 5,139 Corporate & Other(89)3,943 (1,876)Interest and other financial charges(986)(1,029)(1,339)Debt extinguishment costs— — (465)Non-operating benefit income (cost)842 978 60 Goodwill impairments(251)— — Benefit (provision) for income taxes(962)(994)(169)Preferred stock dividends— (295)(289)Earnings (loss) from continuing operations attributable to common shareholders6,670 9,154 1,061 Earnings (loss) from discontinued operations attributable to common shareholders(114)33 (1,014)Net earnings (loss) attributable to common shareholders$6,556 $9,188 $48 (a) Other segment expenses (income) primarily includes equity method income, interest