Company: GE
Filing Date: 2025-04-22
Form Type: 10-Q
Source: 0000040545-25-000062
Chunk: 140

Company: GENERAL ELECTRIC CO
Filing Date: 2025-04-22
Form: 10-Q
Item: Item 1
Chunk 140
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able. Total reserves related to environmental remediation and worker exposure claims were $2,021 million and $2,003 million at March 31, 2025 and December 31, 2024 respectively.

30 2025 1Q FORM 10-Q

NOTE 23. SEGMENT INFORMATION & REMAINING PERFORMANCE OBLIGATION. We have two reportable segments and three operating segments. Operating segments are aggregated into a reportable segment if the operating segments have similar quantitative economic characteristics and if the operating segments are similar in the following qualitative characteristics: (i) nature of products and services; (ii) nature of production processes; (iii) type or class of customer for their products and services; (iv) methods used to distribute the products or provide services; and (v) if applicable, the nature of the regulatory environment. We have aggregated Defense & Systems and Propulsion & Additive Technology into one reportable segment, Defense & Propulsion Technologies, based on similarity in economic characteristics, other qualitative factors and the objectives and principles of ASC 280, Segment Reporting. This is consistent with how our chief operating decision maker (CODM) allocates resources and makes decisions. Refer to our Annual Report on Form 10-K for the year ended December 31, 2024, for a description of our segments, further information regarding our determination of segment profit for continuing operations and our allocations of corporate costs to our segments. 

The Company does not report total assets by segment for internal or external reporting purposes as the Company’s CODM does not assess performance, make strategic decisions, or allocate resources based on assets.EQUIPMENT & SERVICES REVENUEThree months ended March 3120252024EquipmentServicesTotalEquipmentServicesTotalCommercial Engines & Services$1,858 $5,118 $6,977 $1,706 $4,390 $6,095 Defense & Propulsion Technologies1,050 1,274 2,324 1,009 1,303 2,312 Total segment revenue$2,909 $6,392 $9,301 $2,715 $5,693 $8,408 EXPENSES, PROFIT AND INCOMEThree months ended March 3120252024Commercial Engines & ServicesCost of revenue$4,497 $4,178 Selling, general and administrative expenses423 426 Research and development288 201 Other segment expenses (income)(a)(151)(129)Total