Company: GE
Filing Date: 2025-02-03
Form Type: 10-K
Source: 0000040545-25-000015
Chunk: 211

Company: GENERAL ELECTRIC CO
Filing Date: 2025-02-03
Form: 10-K
Item: Item 1
Chunk 211
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957)(305)(192)(2,503)(618)(254)Dispositions/acquisitions/other - net(9,431)(6,611)— (14,837)(4,439)— Exchange rate adjustments— (211)— — 536 — Balance at December 31$19,020 $3,592 $6 $29,744 $10,764 $8 Funded status - surplus (deficit)$(4,804)$452 $(1,196)$(6,473)$387 $(2,047)Amounts recorded inStatement of Financial PositionContinuing operations:Non-current assets - other$— $876 $— $— $714 $— Current liabilities - other(199)(34)(118)(194)(35)(128)Non-current liabilities - compensation and benefits (4,605)(390)(1,078)(4,990)(431)(1,153)Discontinued operations:Non-current assets— — — — 775 — Current and non-current liabilities— — — (1,289)(636)(766)Net amount recorded$(4,804)$452 $(1,196)$(6,473)$387 $(2,047)Amounts recorded in Accumulated other comprehensive loss (income)Prior service cost (credit)$(40)$9 $(455)$(25)$(16)$(909)Net loss (gain)(530)803(559)(1,454)1,680 (990)Total recorded in Accumulated other comprehensive loss (income)$(570)$812 $(1,014)$(1,479)$1,664 $(1,899)(a)Principally due to impact of discount rates.(b)The benefit obligation for the GE Aerospace Supplementary Pension Plan, which is unfunded, was $2,814 million at December 31, 2024.(c)The benefit obligation for retiree health plans for GE Aerospace was $716 million at December 31, 2024.ASSUMPTIONS USED IN CALCULATIONS. Our defined benefit pension plans are accounted for on an actuarial basis, which requires the selection of various assumptions, including a discount rate, a compensation assumption, an expected return on assets, mortality rates of participants and expectation of mortality improvement. Projected benefit obligations are measured as the present value of expected benefit payments. We discount those cash payments using a discount rate