Company: GE
Filing Date: 2025-02-03
Form Type: 10-K
Source: 0000040545-25-000015
Chunk: 213

Company: GENERAL ELECTRIC CO
Filing Date: 2025-02-03
Form: 10-K
Item: Item 1
Chunk 213
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 pension plans, gains and losses are amortized using a straight-line method with a separate layer for each year’s gains and losses. For most other pension plans and principal retiree benefit plans, gains and losses are amortized using a straight-line or a corridor amortization method. SENSITIVITIES TO KEY ASSUMPTIONS. Fluctuations in discount rates can significantly impact pension cost and obligations. We would expect that a 25 basis point decrease in discount rate would increase our GE Aerospace principal pension plan cost in the following year by approximately $50 million and would also expect an increase in the GE Aerospace principal pension plan projected benefit obligation at year-end by approximately $550 million. The deficit sensitivity to the discount rate would be lower than the projected benefit obligation sensitivity as a result of the liability hedging program incorporated in the asset allocation. A 25 basis point decrease in the expected return on assets would increase GE Aerospace principal pension plan cost in the following year by approximately $50 million.THE COMPOSITION OF OUR PLAN ASSETS. The fair value of our pension plans' investments is presented below. The inputs and valuation techniques used to measure the fair value of these assets are described in Note 1 and have been applied consistently. 20242023Principal pension Other pension Principal pension Other pension Global equities$1,142 $217 $1,985 $1,152 Debt securitiesFixed income and cash investment funds1,412 1,463 1,764 4,188 U.S. corporate(a)3,091 34 6,599 145 Other debt securities(b)3,106 46 6,064 218 Real estate535 6 775 18 Private equities and other investments299 118 600 259 Total9,585 1,884 17,787 5,980 Plan assets measured at net asset valueGlobal equities$1,695 $217 $3,169 $612 Debt securities1,158 693 1,907 2,224 Real estate715 280 1,067 1,074 Private equities and other investments5,867 518 5,814 874 Total plan assets at fair value19,020 3,592 29,744 10,764 Less: discontinued operations— — 9,491 6,851 Total plan assets - continuing operations$19,020 $3,592