RESTRUCTURING CHARGES AND SEPARATION COSTS |
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| Restructuring and Related Activities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RESTRUCTURING CHARGES AND SEPARATION COSTS | RESTRUCTURING CHARGES AND SEPARATION COSTS RESTRUCTURING AND OTHER CHARGES. This table is inclusive of all restructuring charges in our segments and at Corporate & Other. Separately, in our reported segment results, significant, higher-cost restructuring programs, primarily related to the separations, and acquisition-related costs are excluded from measurement of segment operating performance for internal and external purposes; those excluded amounts are reported in Restructuring and other charges for Corporate & Other.
(a) Includes $52 million excise tax refund recorded in Other income related to our 2023 preferred share redemption. (b) Primarily related to employee severance payments. The restructuring liability as of September 30, 2026 and December 31, 2025 was $63 million and $91 million, respectively. For the three and nine months ended September 30, 2026, and 2025, restructuring and other charges for ongoing programs included exit activities reflecting lower Corporate & Other shared-service and footprint needs as a result of the GE HealthCare and GE Vernova spin-offs, which are substantially completed, and acquisition-related costs. SEPARATION COSTS. In November 2021, the Company announced its plan to form three industry-leading, global public companies focused on the growth sectors of aerospace, healthcare and energy. As discussed in Note 2, we completed this plan with the spin of GE Vernova in the second quarter of 2024. Post-separation, we incur operational and transition costs related to separation activities, primary related to information technology systems, and other transformation to transition to a stand-alone public company. These costs are presented as separation costs in our Statement of Operations. We have completed separation activities, including the transition services agreement with GE Vernova, and expect an insignificant amount of costs for the remainder of 2026. For the three months ended September 30, 2026 and 2025, we incurred pre-tax separation costs of $3 million and $53 million, recognized $1 million and $11 million of net tax benefits and paid $27 million and $56 million in cash, respectively. For the nine months ended September 30, 2026 and 2025, we incurred pre-tax separation costs of $93 million and $150 million, recognized $19 million and $31 million of net tax benefits and paid $143 million and $202 million in cash, respectively.
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