Company: GE
Filing Date: 2025-02-03
Form Type: 10-K
Source: 0000040545-25-000015
Chunk: 228

Company: GENERAL ELECTRIC CO
Filing Date: 2025-02-03
Form: 10-K
Item: Item 1
Chunk 228
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 per share using the treasury stock method. For the years ended December 31, 2023 and 2022, application of two-class method treatment had an insignificant effect. 

NOTE 19. OTHER INCOME (LOSS)

202420232022Investment in GE HealthCare realized and unrealized gain (loss)$480 $5,639 $— Investment in and note with AerCap realized and unrealized gain (loss)38 129 (865)Investment in Baker Hughes realized and unrealized gain (loss)— 10 912 Gains (losses) on retained and sold ownership interests$518 $5,778 $47 Other net interest and investment income (loss)(a)813 637 466 Licensing and royalty income210 148 115 Equity method income173 169 70 Purchases and sales of business interests(b)399 (105)38 Other items151 92 74 Total other income (loss)$2,264 $6,718 $811 (a) Included interest income associated with customer advances of $132 million, $127 million and $129 million in 2024, 2023 and 2022, respectively. See Note 8 for further information.(b) Included a pre-tax gain of $347 million related to the sale of our non-core licensing business in Corporate in 2024.During the year ended December 31, 2024, we received total proceeds of $5,242 million from the disposition of 61.6 million shares of GE HealthCare and have now fully monetized our position.

68 2024 FORM 10-K

NOTE 20. RESTRUCTURING CHARGES AND SEPARATION COSTS

RESTRUCTURING AND OTHER CHARGES. This table is inclusive of all restructuring charges in our segments and at Corporate & Other. Separately, in our reported segment results, significant, higher-cost restructuring programs, primarily related to the separations, are excluded from measurement of segment operating performance for internal and external purposes; those excluded amounts are reported in Restructuring and other charges for Corporate & Other.RESTRUCTURING AND OTHER CHARGES202420232022Workforce reductions$107 $166 $162 Plant closures & associated costs and other asset write-downs74 84 368 Acquisition/disposition net charges and other366 10 — $546 $260 $530 Cost of