Company: GE
Filing Date: 2025-04-22
Form Type: 10-Q
Source: 0000040545-25-000062
Chunk: 141

Company: GENERAL ELECTRIC CO
Filing Date: 2025-04-22
Form: 10-Q
Item: Item 1
Chunk 141
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 Commercial Engines & Services expenses5,057 4,676 Defense & Propulsion TechnologiesCost of revenue1,725 1,781 Selling, general and administrative expenses243 257 Research and development72 67 Other segment expenses (income)(a)(12)(48)Total Defense & Propulsion Technologies expenses2,029 2,056 Commercial Engines & Services1,920 1,419 Defense & Propulsion Technologies296 256 Total segment profit (loss)2,216 1,675 Corporate & Other43 355 Interest and other financial charges(210)(263)Non-operating benefit income (cost)201 217 Benefit (provision) for income taxes(283)(244)Net income (loss) from continuing operations attributable to common shareholders1,967 1,741 Net income (loss) from discontinued operations attributable to common shareholders10 (202)Net income (loss) attributable to common shareholders$1,978 $1,539 (a) Other segment expenses (income) primarily includes equity method income, interest income and licensing and royalty income.

REMAINING PERFORMANCE OBLIGATION. As of March 31, 2025, the aggregate amount of the contracted revenue allocated to our unsatisfied (or partially unsatisfied) performance obligations was $172,599 million. We expect to recognize revenue as we satisfy our remaining performance obligations as follows: (1) equipment-related remaining performance obligation of $23,306 million, of which 35%, 63% and 91% is expected to be satisfied within 1, 2 and 5 years, respectively; and (2) services-related remaining performance obligation of $149,293 million, of which 12%, 42%, 69% and 86% is expected to be recognized within 1, 5, 10 and 15 years, respectively, and the remaining thereafter. 

2025 1Q FORM 10-Q 31

EXHIBITS

10(a). Offer Letter Agreement for Christian Meisner, dated August 30, 2023.* 10(b). Offer Letter Agreement for John R. Phillips, III, dated August 27, 2023.*10(c). Form of Agreement for Stock Option Grants to Executive Officers under the GE 2022 Long-Term Incentive Plan, as of May 2024.*10(d). Form of Agreement for Stock Option Grants to Executive Officers under the GE 2022 Long-Term