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DISCONTINUED OPERATIONS | 6 Months Ended
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Jun. 30, 2026
Discontinued Operations and Disposal Groups [Abstract] |
DISCONTINUED OPERATIONS | DISCONTINUED OPERATIONS. Our former GE Vernova business, our mortgage portfolio in Poland (Bank BPH) and other trailing assets and liabilities associated with prior dispositions are included in discontinued operations. Results of operations, financial position and cash flows for these businesses are reported as discontinued operations for all periods presented and the notes to the financial statements have been adjusted on a retrospective basis. GE Vernova. On April 2, 2024, we completed the previously announced separation of GE Vernova. The separation was structured as a tax-free spin-off and was achieved through the Company's pro-rata distribution of all the outstanding shares of GE Vernova to holders of the Company's common stock. In connection with the GE Vernova separation, the historical results of GE Vernova and certain assets and liabilities included in the separation are reported in GE Aerospace consolidated financial statements as discontinued operations. We have continuing involvement with GE Vernova primarily through ongoing sales of products, a transition services agreement, through which GE Aerospace and GE Vernova continue to provide certain services to each other for a period of time following the separation, a separation and distribution agreement, including performance and financial guarantees, a tax matters agreement and a trademark licensing agreement. For the six months ended June 30, 2026, we had direct and indirect sales of $275 million to GE Vernova, primarily related to engine sales and parts. We collected net cash of $314 million related to the sales of engines and parts and the transition services agreement for the six months ended June 30, 2026. Bank BPH. As previously reported, Bank BPH, along with other Polish banks, has been subject to ongoing litigation in Poland related to its portfolio of floating rate residential mortgage loans, with cases brought by individual borrowers seeking relief related to their foreign currency indexed or denominated mortgage loans in various courts throughout Poland. The estimate of total losses for borrower litigation at Bank BPH was $1,814 million and $2,334 million as of June 30, 2026 and December 31, 2025, respectively, with the decrease driven by utilization and foreign exchange movements. No incremental contributions from GE Aerospace were required during the six months ended June 30, 2026. For further information about factors that are relevant to the estimate of total losses for borrower litigation at Bank BPH, see Note 22. Future changes or adverse developments could increase our estimate of total losses and potentially require future cash contributions to Bank BPH. The Bank BPH financing receivable portfolio is recorded at the lower of cost or fair value, less cost to sell, which reflects market yields and estimates with respect to ongoing borrower litigation. At June 30, 2026, the total portfolio had no carrying value, net of a valuation allowance. Income (loss) related to ongoing borrower litigation was zero in pre-tax charges for both the three and six months ended June 30, 2026 and 2025, respectively.
RESULTS OF DISCONTINUED OPERATIONS | Three months ended June 30 | Six months ended June 30
| 2026 |  | 2025 | 2026 |  |  |  | 2025
Total revenue | $ | — |  |  | $ | — |  | $ | — |  |  |  |  | $ | — |
Cost of equipment and services sold | — |  |  | — |  | — |  |  |  |  | — |
Other income, costs and expenses | (36) |  |  | 6 |  | (40) |  |  |  |  | 6 |
Net income (loss) of discontinued operations before income taxes | (36) |  |  | 6 |  | (40) |  |  |  |  | 6 |
Benefit (provision) for income taxes | (2) |  |  | 15 |  | (25) |  |  |  |  | 22 |
Net income (loss) of discontinued operations, net of taxes | (38) |  |  | 21 |  | (65) |  |  |  |  | 27 |
Gain (loss) on disposal before income taxes | — |  |  | — |  | — |  |  |  |  | 4 |
Benefit (provision) for income taxes | — |  |  | — |  | — |  |  |  |  | — |
Gain (loss) on disposal, net of taxes | — |  |  | — |  | — |  |  |  |  | 4 |
Net income (loss) from discontinued operations, net of taxes | $ | (38) |  |  | $ | 21 |  | $ | (65) |  |  |  |  | $ | 31 |
ASSETS AND LIABILITIES OF DISCONTINUED OPERATIONS | June 30, 2026 | December 31, 2025
Cash, cash equivalents and restricted cash(a) | $ | 854 |  | $ | 1,126 |
Current receivables | 2 |  | 35 |
Property, plant and equipment - net | 19 |  | 26 |
All other assets | 622 |  | 648 |
Deferred income taxes | 20 |  | 21 |
Assets of discontinued operations(b) | $ | 1,517 |  | $ | 1,855 |
Accounts payable | $ | 21 |  | $ | 35 |
Non-current compensation and benefits | 30 |  | 32 |
All other liabilities | 1,092 |  | 1,347 |
Liabilities of discontinued operations(b) | $ | 1,144 |  | $ | 1,413 |
(a) Included $851 million and $1,123 million of cash, cash equivalents and restricted cash related to Bank BPH as of June 30, 2026 and December 31, 2025, respectively. The decrease was primarily driven by utilization and foreign exchange movements. (b) Included $1,103 million and $1,389 million of valuation allowances against financing receivables held for sale, related to estimated borrower litigation losses, and $711 million and $945 million in All other liabilities related to estimated borrower litigation losses for Bank BPH’s foreign currency-denominated mortgage portfolio as of June 30, 2026 and December 31, 2025, respectively. Accordingly, total estimated losses related to borrower litigation were $1,814 million and $2,334 million as of June 30, 2026 and December 31, 2025, respectively, with the decrease driven by utilization and foreign exchange movements. The valuation allowance completely offsets the financing receivables balance as of June 30, 2026 and December 31, 2025.

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-3A Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-4B Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-4A Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/205-20/tableOfContent + Details
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