Company: GE
Filing Date: 2025-04-22
Form Type: 10-Q
Source: 0000040545-25-000062
Chunk: 43

Company: GENERAL ELECTRIC CO
Filing Date: 2025-04-22
Form: 10-Q
Item: Item 4
Chunk 43
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 months ended March 31, 2025. For further information about factors that are relevant to the estimate of total losses for borrower litigation at Bank BPH, see Note 22. Future changes or adverse developments could increase our estimate of total losses and potentially require future cash contributions to Bank BPH. The Bank BPH financing receivable portfolio is recorded at the lower of cost or fair value, less cost to sell, which reflects market yields and estimates with respect to ongoing borrower litigation. At March 31, 2025, the total portfolio had no carrying value, net of a valuation allowance. Income (loss) related to ongoing borrower litigation was zero in pre-tax charges for both the three months ended March 31, 2025, and 2024, respectively.RESULTS OF DISCONTINUED OPERATIONSThree months ended March 3120252024GE VernovaBank BPH & OtherTotalGE VernovaBank BPH & OtherTotalTotal revenue$— $— $— $7,244 $— $7,244 Cost of equipment and services sold— — — (6,074)— (6,074)Other income, costs and expenses— — — (1,288)6 (1,282)Net income (loss) of discontinued operations before income taxes— — — (118)6 (112)Benefit (provision) for income taxes— 7 7 (74)6 (68)Net income (loss) of discontinued operations, net of taxes— 7 7 (193)12 (180)Gain (loss) on disposal before income taxes— 4 4 — 2 2 Benefit (provision) for income taxes— — — — — — Gain (loss) on disposal, net of taxes— 4 4 — 2 2 Net income (loss) from discontinued operations, net of taxes$— $11 $10 $(193)$14 $(178)ASSETS AND LIABILITIES OF DISCONTINUED OPERATIONSMarch 31, 2025December 31, 2024Cash, cash equivalents and restricted cash(a)$1,372 $1,327 Current receivables14 13  Property, plant and equipment - net 36 40 All other assets448 438 Deferred income taxes25 24 Assets of