Company: GE
Filing Date: 2025-04-22
Form Type: 10-Q
Source: 0000040545-25-000062
Chunk: 116

Company: GENERAL ELECTRIC CO
Filing Date: 2025-04-22
Form: 10-Q
Item: Item 1
Chunk 116
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) 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 discontinued operations(b)$1,895 $1,841 Accounts payable$29 $30 Non-current compensation and benefits33 33 All other liabilities1,277 1,254 Liabilities of discontinued operations(b)$1,339 $1,317 (a) Included $1,370 million and $1,324 million of cash, cash equivalents and restricted cash related to Bank BPH as of March 31, 2025 and December 31, 2024, respectively.(b) Included $1,553 million and $1,594 million of valuation allowances against financing receivables held for sale, of which $1,474 million and $1,517 million related to estimated borrower litigation losses, and $976 million and $944 million in All other liabilities related to estimated borrower litigation losses for Bank BPH’s foreign currency-denominated mortgage portfolio as of March 31, 2025 and December 31, 2024, respectively. Accordingly, total estimated losses related to borrower litigation were $2,449 million and $2,461 million as of March 31, 2025 and December 31, 2024, respectively. The valuation allowance completely offsets the financing receivables balance as of March 31, 2025 and December 31, 2024.

NOTE 3. INVESTMENT SECURITIES.  Current investment securities include our senior note from AerCap, for which we have adopted the fair value option and matures in the