Company: GE
Filing Date: 2025-10-21
Form Type: 10-Q
Source: 0000040545-25-000132
Chunk: 117

Company: GENERAL ELECTRIC CO
Filing Date: 2025-10-21
Form: 10-Q
Item: Item 8
Chunk 117
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 of Pillar 2 in light of legislative changes in multiple countries. As of September 30, 2025, we expect to incur $0.1 billion in 2025 in connection with the incorporation of the Pillar 2 model rules, which we have considered as part of the effective tax rate.The Internal Revenue Service (IRS) is currently auditing our consolidated U.S. income tax returns for 2016-2020. The following table presents our net deferred tax assets and net deferred tax liabilities attributable to different tax jurisdictions or different tax paying components.DEFERRED INCOME TAXESSeptember 30, 2025December 31, 2024Total assets$7,254 $7,479 Total liabilities(409)(368)Net deferred income tax asset$6,845 $7,111 

NOTE 16. SHAREHOLDERS’ EQUITY 

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)Three months ended September 30Nine months ended September 30(Dividends per share in dollars)2025202420252024Beginning balance$(1,491)$(1,514)$(1,472)$(3,623)AOCI before reclasses – net of taxes of $(16), $(65), $(155) and $(78) (36)72 (55)66 Reclasses from AOCI – net of taxes of  $—, $—, $— and $103(a) — — — 2,093 AOCI(36)72 (55)2,159 Less AOCI attributable to noncontrolling interests— — — (22)Currency translation adjustments AOCI$(1,527)$(1,442)$(1,527)$(1,442)Beginning balance$338 $806 $665 $1,786 AOCI before reclasses – net of taxes of $2, $(11), $(23) and $(15)4 (34)(81)(117)Reclasses from AOCI – net of taxes of $(35), $(31), $(104) and $(239)(a)(123)(106)(365)(1,010)AOCI(119)(140)(446)(1,127)Less AOCI attributable to noncontrolling interests— — — (7)Benefit plans AOCI$219 $666 $219 $666 Beginning balance$(1,557)$(1,727