GENERAL ELECTRIC CO

CORPORATE & OTHER. Corporate & Other revenue include our run-off insurance operations revenue and the elimination of intersegment activities. Corporate & Other operating profit includes Corporate functions and operations costs, certain costs of our principal retirement plans, significant, higher-cost restructuring programs, separation costs, profit (loss) of our run-off insurance operations, U.S. tax equity profit (loss), transition services agreements, environmental health and safety (EHS) impacts and other costs, as well as certain amounts that are not included in operating segment results because they are excluded from measurement of their operating performance for internal and external purposes.

2025 2Q FORM 10-Q 7

Adjusted Corporate & Other operating costs* excludes gains (losses) on purchases and sales of business interests, gains (losses) on retained and sold ownership interests and other equity securities, higher-cost restructuring programs, separation costs, our run-off insurance operations and U.S. tax equity profit (loss). We believe that adjusting Corporate & Other costs to exclude the effects of items that are not closely associated with ongoing operations provides management and investors with a meaningful measure that increases the period-to-period comparability of our ongoing corporate costs.

For the three months ended, June 30, 2025, revenue was down $0.1 billion compared to the three months ended June 30, 2024, due to higher intercompany eliminations. Corporate & Other operating cost decreased by $0.3 billion due to $0.4 billion of lower losses on retained and sold ownership interests and other equity securities, primarily related to our prior GE Healthcare investment, partially offset by $0.1 billion of lower separation costs and restructuring and other charges.

Adjusted Corporate & Other operating costs* increased by $0.1 billion primarily due to higher functional costs and lower bank interest.

For the six months ended June 30, 2025, revenue was flat compared to the six months ended June 30, 2024, due to higher run-off insurance operations revenue offset by higher intercompany eliminations. Corporate & Other operating cost was relatively flat primarily due to $0.4 billion of lower gains on retained and sold ownership interests and other equity securities, primarily related to our prior GE HealthCare investment, lower Insurance profit, and higher U.S. tax equity losses offset by $0.4 billion of lower separation costs and restructuring and other charges.

Adjusted Corporate & Other operating costs* increased by $0.1 billion primarily due to higher functional costs and lower bank interest, partially offset by lower EHS costs.