v3.25.3
POSTRETIREMENT BENEFIT PLANS
 9 Months Ended
Sep. 30, 2025
Retirement Benefits [Abstract]  
POSTRETIREMENT BENEFIT PLANS POSTRETIREMENT BENEFIT PLANS. GE Vernova sponsored plans, including those allocated to GE Vernova in
connection with the Spin-Off, are presented in three categories: principal pension plans, other pension plans, and principal retiree benefit
plans. See Note 13 in the Notes in our audited consolidated and combined financial statements in our Annual Report on Form 10-K for the
fiscal year ended December 31, 2024 for further information.
The components of benefit plans cost (income) other than the service cost are included in the caption Non-operating benefit income in our
Consolidated and Combined Statement of Income (Loss).
2025
2024
Three months ended September 30
Principal
pension
Other
pension
Principal
retiree
benefit
Principal
pension
Other
pension
Principal
retiree
benefit
Service cost – operating
$6
$7
$1
$6
$8
$1
Interest cost
140
58
10
137
57
9
Expected return on plan assets
(178)
(82)
—
(186)
(84)
—
Amortization of net loss (gain)
(50)
10
(10)
(46)
8
(11)
Amortization of prior service cost (credit)
—
(2)
(14)
2
(2)
(15)
Curtailment/settlement loss (gain)
—
—
(1)
—
—
—
Non-operating benefit costs (income)
$(88)
$(16)
$(14)
$(93)
$(21)
$(16)
Net periodic expense (income)
$(82)
$(8)
$(13)
$(87)
$(13)
$(15)
2025
2024
Nine months ended September 30
Principal
pension
Other
pension
Principal
retiree
benefit
Principal
pension
Other
pension
Principal
retiree
benefit
Service cost – operating
$17
$21
$4
$20
$24
$4
Interest cost
420
169
29
411
170
28
Expected return on plan assets
(535)
(237)
—
(557)
(250)
—
Amortization of net loss (gain)
(149)
30
(29)
(138)
24
(32)
Amortization of prior service cost (credit)
—
(6)
(41)
5
(5)
(45)
Curtailment/settlement loss (gain)
—
1
(1)
—
(11)
—
Non-operating benefit costs (income)
$(263)
$(44)
$(41)
$(279)
$(71)
$(49)
Net periodic expense (income)
$(246)
$(22)
$(37)
$(260)
$(47)
$(44)
Defined Contribution Plan. GE Vernova sponsors a defined contribution plan for its eligible U.S. employees that is similar to the
corresponding GE-sponsored defined contribution plan that was in effect prior to the Spin-Off. Expenses associated with their participation
in GE Vernova's plan beginning on April 2, 2024 and in GE's plan through April 1, 2024 represent the employer contributions for GE
Vernova employees and were $33 million and $29 million for the three months ended and $119 million and $110 million for the nine months
ended September 30, 2025 and 2024, respectively.