Company: GE
Filing Date: 2025-10-21
Form Type: 10-Q
Source: 0000040545-25-000132
Chunk: 60

Company: GENERAL ELECTRIC CO
Filing Date: 2025-10-21
Form: 10-Q
Item: Item 4
Chunk 60
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 $2,476 million and $2,461 million as of September 30, 2025 and December 31, 2024, respectively, with the increase primarily driven by foreign exchange movements. No incremental contributions from GE Aerospace were required during the nine months ended September 30, 2025. For further information about factors that are relevant to the estimate of total losses for borrower litigation at Bank BPH, see Note 22. Future changes or adverse developments could increase our estimate of total losses and potentially require future cash contributions to Bank BPH.The Bank BPH financing receivable portfolio is recorded at the lower of cost or fair value, less cost to sell, which reflects market yields and estimates with respect to ongoing borrower litigation. At September 30, 2025, the total portfolio had no carrying value, net of a valuation allowance. Income (loss) related to ongoing borrower litigation was insignificant in pre-tax charges for the three and nine months ended September 30, 2025 and zero for the three and nine months ended September 30, 2024.RESULTS OF DISCONTINUED OPERATIONSThree months ended September 3020252024GE VernovaBank BPH & OtherTotalGE VernovaBank BPH & OtherTotalTotal revenue$— $— $— $— $— $— Cost of equipment and services sold— — — — — — Other income, costs and expenses1 (7)(6)(1)6 5 Net income (loss) of discontinued operations before income taxes1 (7)(6)(1)6 5 Benefit (provision) for income taxes(2)(9)(11)136 1 137 Net income (loss) of discontinued operations, net of taxes(1)(16)(17)135 7 142 Gain (loss) on disposal before income taxes— — — — 6 6 Benefit (provision) for income taxes— — — — (1)(1)Gain (loss) on disposal, net of taxes— — — — 6 6 Net income (loss) from discontinued operations, net of taxes$(1)$(16)$(17)$135 $12 $147 RESULTS OF DISCONTINUED OPERATIONSNine months ended September 3020252024GE VernovaBank BPH & OtherTotalGE VernovaBank BPH & OtherTotalTotal