| Schedule of Financial Information for Discontinued Operations |
| | | | | | | | | | | | | | | | | | | | | | | | | | RESULTS OF DISCONTINUED OPERATIONS Three months ended March 31 | 2025 | | 2024 | | GE Vernova | | Bank BPH & Other | Total | | GE Vernova | | Bank BPH & Other | Total | | Total revenue | $ | — | | | $ | — | | $ | — | | | $ | 7,244 | | | $ | — | | $ | 7,244 | | | Cost of equipment and services sold | — | | | — | | — | | | (6,074) | | | — | | (6,074) | | | Other income, costs and expenses | — | | | — | | — | | | (1,288) | | | 6 | | (1,282) | | | Net income (loss) of discontinued operations before income taxes | — | | | — | | — | | | (118) | | | 6 | | (112) | | | Benefit (provision) for income taxes | — | | | 7 | | 7 | | | (74) | | | 6 | | (68) | | | Net income (loss) of discontinued operations, net of taxes | — | | | 7 | | 7 | | | (193) | | | 12 | | (180) | | | | | | | | | | | | | Gain (loss) on disposal before income taxes | — | | | 4 | | 4 | | | — | | | 2 | | 2 | | | Benefit (provision) for income taxes | — | | | — | | — | | | — | | | — | | — | | | Gain (loss) on disposal, net of taxes | — | | | 4 | | 4 | | | — | | | 2 | | 2 | | | Net income (loss) from discontinued operations, net of taxes | $ | — | | | $ | 11 | | $ | 10 | | | $ | (193) | | | $ | 14 | | $ | (178) | |
| | | | | | | | | | ASSETS AND LIABILITIES OF DISCONTINUED OPERATIONS | March 31, 2025 | December 31, 2024 | Cash, cash equivalents and restricted cash(a) | $ | 1,372 | | $ | 1,327 | | | Current receivables | 14 | | 13 | | | | | | | | | | | | | | | | | | Property, plant and equipment - net | 36 | | 40 | | All other assets | 448 | | 438 | | | Deferred income taxes | 25 | | 24 | | | Assets of discontinued operations(b) | $ | 1,895 | | $ | 1,841 | | | | | | Accounts payable | $ | 29 | | $ | 30 | | | | | | | | | Non-current compensation and benefits | 33 | | 33 | | | All other liabilities | 1,277 | | 1,254 | | Liabilities of discontinued operations(b) | $ | 1,339 | | $ | 1,317 | |
(a) Included $1,370 million and $1,324 million of cash, cash equivalents and restricted cash related to Bank BPH as of March 31, 2025 and December 31, 2024, respectively. (b) Included $1,553 million and $1,594 million of valuation allowances against financing receivables held for sale, of which $1,474 million and $1,517 million related to estimated borrower litigation losses, and $976 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 March 31, 2025 and December 31, 2024, respectively. Accordingly, total estimated losses related to borrower litigation were $2,449 million and $2,461 million as of March 31, 2025 and December 31, 2024, respectively. The valuation allowance completely offsets the financing receivables balance as of March 31, 2025 and December 31, 2024.
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