Company: GE
Filing Date: 2025-02-03
Form Type: 10-K
Source: 0000040545-25-000015
Chunk: 7

Company: GENERAL ELECTRIC CO
Filing Date: 2025-02-03
Form: 10-K
Item: Item 7
Chunk 7
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 and segment profit was down $0.1 billion, or 7%, compared to the year ended December 31, 2022.

D&S revenue increased due to product mix, higher prices, and growth in development contracts and aircraft systems products. P&AT revenue also increased, primarily due to higher output at Avio Aero and Unison and improved pricing. 

Profit decreased primarily due to inflationary pressures within our supply chain, impacts from program costs and lower engine shipments. 

RPODecember 31, 2024December 31, 2023December 31, 2022Equipment$11,046 $9,739 $8,930 Services6,944 6,729 5,738 Total RPO$17,991 $16,468 $14,668 

As of December 31, 2024, RPO increased $1.5 billion, or 9%, from December 31, 2023, primarily due to increases in equipment from D&S orders outpacing revenue recognized. Equipment growth was primarily driven by engine and flight management system orders.

As of December 31, 2023, RPO increased $1.8 billion, or 12%, from December 31, 2022, primarily due to increases in equipment and services orders outpacing revenue recognized.

CORPORATE & OTHER. Corporate & Other revenue include our run-off insurance operations revenue and the elimination of intersegment activities. Corporate & Other operating profit includes Corporate functions and operations costs, certain costs of our principal retirement plans, significant, higher-cost restructuring programs, separation costs, profit (loss) of our run-off insurance operations, U.S. tax equity profit (loss), transition services agreements, environmental health and safety (EHS) impacts and other costs, as well as certain amounts that are not included in operating segment results because they are excluded from measurement of their operating performance for internal and external purposes.

REVENUE AND OPERATING PROFIT (COST)202420232022Insurance revenue (Note 12)$3,581 $3,389 $2,957 Eliminations and other(1,239)(857)(620)Corporate & Other revenue$2,343 $2,532 $2,337 Gains (losses) on purchases and sales of business interests$398 $(104)$35 Gains (losses) on retained and sold ownership interests and other equity securities (Note 19)532 5,