Company: GE
Filing Date: 2025-07-21
Form Type: 10-Q
Source: 0000040545-25-000111
Chunk: 57

Company: GENERAL ELECTRIC CO
Filing Date: 2025-07-21
Form: 10-Q
Item: Item 4
Chunk 57
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,284)Net income (loss) of discontinued operations before income taxes1 4 6 (129)14 (115)Benefit (provision) for income taxes— 22 22 (132)3 (129)Net income (loss) of discontinued operations, net of taxes1 26 27 (261)17 (243)Gain (loss) on disposal before income taxes— 4 4 — 11 11 Benefit (provision) for income taxes— — — — — — Gain (loss) on disposal, net of taxes— 4 4 — 11 11 Net income (loss) from discontinued operations, net of taxes$1 $30 $31 $(261)$29 $(232)

20 2025 2Q FORM 10-Q 

ASSETS AND LIABILITIES OF DISCONTINUED OPERATIONSJune 30, 2025December 31, 2024Cash, cash equivalents and restricted cash(a)$1,429 $1,327 Current receivables28 13  Property, plant and equipment - net 33 40 All other assets505 438 Deferred income taxes11 24 Assets of discontinued operations(b)$2,007 $1,841 Accounts payable$33 $30 Non-current compensation and benefits33 33 All other liabilities1,297 1,254 Liabilities of discontinued operations(b)$1,362 $1,317 (a) Included $1,427 million and $1,324 million of cash, cash equivalents and restricted cash related to Bank BPH as of June 30, 2025 and December 31, 2024, respectively.(b) Included $1,589 million and $1,594 million of valuation allowances against financing receivables held for sale, of which $1,503 million and $1,517 million related to estimated borrower litigation losses, and $1,017 million and $944 million in All other liabilities related to estimated borrower litigation losses for Bank BPH’s foreign currency-denominated mortgage portfolio as of June 30, 2025 and December 31, 2024, respectively. Accordingly, total estimated losses related to borrower litigation were $2,520 million and $2,461 million as of June 30, 2025 and December 31, 202