Company: GE
Filing Date: 2025-02-03
Form Type: 10-K
Source: 0000040545-25-000015
Chunk: 136

Company: GENERAL ELECTRIC CO
Filing Date: 2025-02-03
Form: 10-K
Item: Item 3
Chunk 136
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 %5.51 %5.18 %3.93 %5.09 %5.53 %4.59 %5.43 %Compensation increases6.00 3.10 6.00 3.86 2.24 3.25 3.07 2.44 3.12 Initial healthcare trend rate(a)N/AN/A7.00 N/AN/A6.50 N/AN/A6.40 Weighted-average benefit cost assumptionsDiscount rate5.18 3.93 5.09 5.53 4.59 5.43 2.94 1.93 2.64 Expected rate of return on plan assets7.00 5.34 — 7.00 5.66 — 6.00 4.80 — (a) Current forecast is 7%, but is estimated to decline to 5% for 2034 and thereafter. Net periodic benefit income from continuing operations in 2025 is estimated to be approximately $725 million, which is a decrease of approximately $25 million as compared to 2024. The decrease is primarily due to investment performance offset by the impact of discount rates. The components of net periodic benefit costs, other than the service cost component, are included in Non-operating benefit cost (income) in our Statement of Earnings (Loss).

2024 FORM 10-K 59

PLAN FUNDED STATUS AND AMOUNTS RECORDED IN ACCUMULATED OTHER COMPREHENSIVE LOSS (INCOME)20242023Principal pension Other pension Principal retiree benefit Principal pension Other pension Principal retiree benefit Change in benefit obligationsBalance at January 1$36,217 $10,377 $2,055 $53,591 $13,916 $3,304 Service cost71 22 13 94 37 17 Interest cost1,401 227 71 1,892 422 111 Participant contributions8 4 21 10 19 31 Plan amendments— — — 49 — — Actuarial loss (gain) - net(1,049)(a)(435)(a)(15)(a)1,081 (a)526 (a)(5)Benefits paid(1,957)(305)(192)(2,503)(618)(254)Dispositions/ac