Company: GE
Filing Date: 2025-10-21
Form Type: 10-Q
Source: 0000040545-25-000132
Chunk: 102

Company: GENERAL ELECTRIC CO
Filing Date: 2025-10-21
Form: 10-Q
Item: Item 8
Chunk 102
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 $1,327 Current receivables28 13  Property, plant and equipment - net 30 40 All other assets719 438 Deferred income taxes8 24 Assets of discontinued operations(b)$1,957 $1,841 Accounts payable$27 $30 Non-current compensation and benefits33 33 All other liabilities1,230 1,254 Liabilities of discontinued operations(b)$1,290 $1,317 (a) Included $1,168 million and $1,324 million of cash, cash equivalents and restricted cash related to Bank BPH as of September 30, 2025 and December 31, 2024, respectively, with the decrease primarily driven by purchases of investment securities in the third quarter which are recorded in All Other Assets.(b) Included $1,488 million and $1,594 million of valuation allowances against financing receivables held for sale, of which $1,488 million and $1,517 million related to estimated borrower litigation losses, and $988 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 September 30, 2025 and December 31, 2024, respectively. Accordingly, total estimated losses related to borrower litigation were $2,476 million and $2,461 million as of September 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 September 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 $1,008 million and $982 million at September 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.September 30, 2025December 31, 2024AmortizedcostGrossunrealizedgainsGrossunrealizedlossesEstimatedfair