Company: GE
Filing Date: 2025-07-21
Form Type: 10-Q
Source: 0000040545-25-000111
Chunk: 97

Company: GENERAL ELECTRIC CO
Filing Date: 2025-07-21
Form: 10-Q
Item: Item 8
Chunk 97
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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, 2024, respectively, with the increase driven by foreign exchange movements. The valuation allowance completely offsets the financing receivables balance as of June 30, 2025 and December 31, 2024.

NOTE 3. INVESTMENT SECURITIES.  Current investment securities include our senior note from AerCap, for which we have adopted the fair value option and matures in the fourth quarter of 2025, with a fair value of $998 million and $982 million at June 30, 2025 and December 31, 2024, respectively.

Substantially all of our non-current investment securities are held within our run-off insurance operations and support the long-duration insurance liabilities. The portfolio includes debt securities, of which all are substantially investment grade, and are classified as available-for-sale.June 30, 2025December 31, 2024AmortizedcostGrossunrealizedgainsGrossunrealizedlossesEstimatedfair value AmortizedcostGrossunrealizedgainsGrossunrealizedlossesEstimatedfair value DebtU.S. corporate$27,725 $722 $(2,164)$26,283 $28,456 $546 $(2,309)$26,692 Non-U.S. corporate2,925 33 (279)2,679 2,970 23 (302)2,691 State and municipal2