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DISCONTINUED OPERATIONS (Tables) | 9 Months Ended
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Sep. 30, 2025
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Financial Information for Discontinued Operations |
RESULTS OF DISCONTINUED OPERATIONS Three months ended September 30 | 2025 |  | 2024
GE Vernova |  | Bank BPH & Other | Total |  | GE Vernova |  | Bank BPH & Other | Total
Total revenue | $ | — |  |  | $ | — |  | $ | — |  |  | $ | — |  |  | $ | — |  | $ | — |
Cost of equipment and services sold | — |  |  | — |  | — |  |  | — |  |  | — |  | — |
Other income, costs and expenses | 1 |  |  | (7) |  | (6) |  |  | (1) |  |  | 6 |  | 5 |
Net income (loss) of discontinued operations before income taxes | 1 |  |  | (7) |  | (6) |  |  | (1) |  |  | 6 |  | 5 |
Benefit (provision) for income taxes | (2) |  |  | (9) |  | (11) |  |  | 136 |  |  | 1 |  | 137 |
Net income (loss) of discontinued operations, net of taxes | (1) |  |  | (16) |  | (17) |  |  | 135 |  |  | 7 |  | 142 |
Gain (loss) on disposal before income taxes | — |  |  | — |  | — |  |  | — |  |  | 6 |  | 6 |
Benefit (provision) for income taxes | — |  |  | — |  | — |  |  | — |  |  | (1) |  | (1) |
Gain (loss) on disposal, net of taxes | — |  |  | — |  | — |  |  | — |  |  | 6 |  | 6 |
Net income (loss) from discontinued operations, net of taxes | $ | (1) |  |  | $ | (16) |  | $ | (17) |  |  | $ | 135 |  |  | $ | 12 |  | $ | 147 |
RESULTS OF DISCONTINUED OPERATIONS Nine months ended September 30 | 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 | 2 |  |  | (3) |  | — |  |  | (1,300) |  |  | 20 |  | (1,280) |
Net income (loss) of discontinued operations before income taxes | 2 |  |  | (3) |  | — |  |  | (130) |  |  | 20 |  | (110) |
Benefit (provision) for income taxes | (2) |  |  | 13 |  | 10 |  |  | 4 |  |  | 4 |  | 8 |
Net income (loss) of discontinued operations, net of taxes | — |  |  | 10 |  | 10 |  |  | (126) |  |  | 24 |  | (102) |
Gain (loss) on disposal before income taxes | — |  |  | 4 |  | 4 |  |  | — |  |  | 18 |  | 18 |
Benefit (provision) for income taxes | — |  |  | — |  | — |  |  | — |  |  | (1) |  | (1) |
Gain (loss) on disposal, net of taxes | — |  |  | 4 |  | 4 |  |  | — |  |  | 17 |  | 17 |
Net income (loss) from discontinued operations, net of taxes | $ | — |  |  | $ | 14 |  | $ | 14 |  |  | $ | (126) |  |  | $ | 41 |  | $ | (85) |
ASSETS AND LIABILITIES OF DISCONTINUED OPERATIONS | September 30, 2025 | December 31, 2024
Cash, cash equivalents and restricted cash(a) | $ | 1,171 |  | $ | 1,327 |
Current receivables | 28 |  | 13 |
Property, plant and equipment - net | 30 |  | 40 |
All other assets | 719 |  | 438 |
Deferred income taxes | 8 |  | 24 |
Assets of discontinued operations(b) | $ | 1,957 |  | $ | 1,841 |
Accounts payable | $ | 27 |  | $ | 30 |
Non-current compensation and benefits | 33 |  | 33 |
All other liabilities | 1,230 |  | 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.

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