Company: GE
Filing Date: 2025-07-21
Form Type: 10-Q
Source: 0000040545-25-000111
Chunk: 8

Company: GENERAL ELECTRIC CO
Filing Date: 2025-07-21
Form: 10-Q
Item: Item 2
Chunk 8
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 2Q FORM 10-Q 7

Adjusted Corporate & Other operating costs* excludes gains (losses) on purchases and sales of business interests, gains (losses) on retained and sold ownership interests and other equity securities, higher-cost restructuring programs, separation costs, our run-off insurance operations and U.S. tax equity profit (loss). We believe that adjusting Corporate & Other costs to exclude the effects of items that are not closely associated with ongoing operations provides management and investors with a meaningful measure that increases the period-to-period comparability of our ongoing corporate costs.

For the three months ended, June 30, 2025, revenue was down $0.1 billion compared to the three months ended June 30, 2024, due to higher intercompany eliminations. Corporate & Other operating cost decreased by $0.3 billion due to $0.4 billion of lower losses on retained and sold ownership interests and other equity securities, primarily related to our prior GE Healthcare investment, partially offset by $0.1 billion of lower separation costs and restructuring and other charges.

Adjusted Corporate & Other operating costs* increased by $0.1 billion primarily due to higher functional costs and lower bank interest.

For the six months ended June 30, 2025, revenue was flat compared to the six months ended June 30, 2024, due to higher run-off insurance operations revenue offset by higher intercompany eliminations. Corporate & Other operating cost was relatively flat primarily due to $0.4 billion of lower gains on retained and sold ownership interests and other equity securities, primarily related to our prior GE HealthCare investment, lower Insurance profit, and higher U.S. tax equity losses offset by $0.4 billion of lower separation costs and restructuring and other charges.

Adjusted Corporate & Other operating costs* increased by $0.1 billion primarily due to higher functional costs and lower bank interest, partially offset by lower EHS costs.

OTHER CONSOLIDATED INFORMATION

RESTRUCTURING AND SEPARATION COSTS. Significant, higher-cost restructuring programs, primarily related to the separations, are excluded from measurement of segment operating performance for internal and external purposes; those excluded amounts are reported in Restructuring and other charges for Corporate. In addition, we incur costs associated with separation activities, which are also excluded from measurement of segment operating performance for internal and external purposes. See Note 19 for further information on restructuring and separation costs.

INTEREST AND OTHER FINANCIAL CHARGES were $0.2 billion for both the three months ended