v3.26.1
POSTRETIREMENT BENEFIT PLANS
 6 Months Ended
Jun. 30, 2026
Retirement Benefits [Abstract]  
POSTRETIREMENT BENEFIT PLANS POSTRETIREMENT BENEFIT PLANS. GE Vernova-sponsored plans are presented in three categories: principal pension
plans, other pension plans, and principal retiree benefit plans. See Note 13 in the Notes to our audited consolidated and combined financial
statements in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025 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 Statement of Income (Loss).
2026
2025
Three months ended June 30
Principal
pension
Other
pension
Principal
retiree
benefit
Principal
pension
Other
pension
Principal
retiree
benefit
Service cost – operating
$6
$7
$1
$5
$7
$1
Interest cost
135
55
8
140
57
10
Expected return on plan assets
(170)
(80)
—
(178)
(80)
—
Amortization of net loss (gain)
(54)
6
(13)
(50)
10
(10)
Amortization of prior service cost (credit)
2
(2)
(14)
—
(2)
(14)
Curtailment/settlement loss (gain)
—
—
—
—
—
—
Non-operating benefit costs (income)
$(88)
$(22)
$(19)
$(88)
$(15)
$(13)
Net periodic expense (income)
$(82)
$(14)
$(18)
$(82)
$(8)
$(12)
2026
2025
Six months ended June 30
Principal
pension
Other
pension
Principal
retiree
benefit
Principal
pension
Other
pension
Principal
retiree
benefit
Service cost – operating
$12
$14
$2
$11
$14
$3
Interest cost
270
114
16
280
111
20
Expected return on plan assets
(341)
(167)
—
(356)
(155)
—
Amortization of net loss (gain)
(109)
12
(26)
(100)
19
(19)
Amortization of prior service cost (credit)
3
(4)
(28)
—
(4)
(27)
Curtailment/settlement loss (gain)
—
—
—
—
1
—
Non-operating benefit costs (income)
$(176)
$(45)
$(38)
$(175)
$(28)
$(27)
Net periodic expense (income)
$(165)
$(30)
$(36)
$(164)
$(14)
$(24)
Funding. The Employee Retirement Income Security Act (ERISA) establishes minimum funding requirements for U.S. pension plans. GE
Vernova's funding policy is to contribute amounts that satisfy these requirements, together with such additional amounts as the Company
may determine to be appropriate. In June 2026, GE Vernova made a voluntary contribution of $516 million to the GE Energy Pension Plan.
The Company does not anticipate having to make any additional required contributions to this plan for the foreseeable future.
Defined Contribution Plan. GE Vernova sponsors a defined contribution plan for its eligible U.S. employees. Expenses associated with
their participation in the plan represent the employer contributions for GE Vernova employees and were $56 million and $51 million for the
three months ended and $98 million and $86 million for the six months ended June 30, 2026 and 2025, respectively.