EQUITY METHOD INVESTMENTS (Tables)

12 Months Ended

Dec. 31, 2025


	Ownership percentage at	Equity method investment balance		Equity method income (loss)
	Ownership percentage at	Equity method investment balance		Equity method income (loss)
	December 31, 2025	December 31, 2025	December 31, 2024	2025	2024	2023
China XD Electric(a)	—	$—	$402	$15	$23	$8
Aero Alliance(b)	50%	569	544	27	29	38
Hitachi-GE Nuclear Energy(c)	20%	184	184	12	(12)	7
Prolec GE(d)	50%	384	251	180	105	93
Other(e)		697	769	35	(92)	(210)
Total		$1,834	$2,149	$269	$53	$(64)

(a)China XD Electric Co., Ltd is publicly traded on the Shanghai Stock Exchange. In the first quarter of 2025, we sold a portion of our

shares, decreasing our ownership percentage in the investee by approximately 2%. In the third quarter of 2025, we sold a further

portion of our shares, decreasing our ownership percentage by approximately 3%. As a result, the investment was reclassified to All

other current assets in our Consolidated and Combined Statement of Financial Position. See Notes 10 and 19 for further information.

(b)Aero Alliance is our 50-50 joint venture with Baker Hughes Company that supports our customers through the fulfillment of

aeroderivative engines, spare parts, repairs, and maintenance services. Purchases of parts and services from the joint venture were

$711 million, $651 million, and $656 million in the years ended December 31, 2025, 2024, and 2023, respectively. The Company owed

Aero Alliance $55 million and $24 million as of December 31, 2025 and 2024, respectively. These amounts have been recorded in

Accounts payable and equipment project payables in our Consolidated and Combined Statement of Financial Position.

(c)Hitachi-GE Nuclear Energy is a non-consolidated joint venture that is part of the joint venture structure with Hitachi, Ltd. that forms our

Nuclear Power business.

(d)Prolec GE refers to our joint venture with Xignux, which manufactures a wide range of transformers available for generation,

transmission and distribution applications and is focused on serving utilities, renewable, and industrial customers.

(e)Primarily other investments made by our Financial Services business in commercial energy projects and investments with strategic

partners by our segments. For the years ended December 31, 2025, 2024, and 2023, includes impairment charges of $37 million,

$55 million, and $108 million, respectively. In connection with GE retaining certain renewable energy U.S. tax equity investments as part

of the Spin-Off, tax benefits related to these investments of $53 million were recognized in the first quarter of 2024 and $183 million

were recognized during the year ended December 31, 2023, in Provision (benefit) for income taxes in our Consolidated and Combined

Statement of Income (Loss), for which we received cash of $183 million from GE for these credits in 2023. Additionally, we recognized a

$136 million benefit related to deferred intercompany profit during the second quarter of 2024.


	Equity method investment balance		Equity method income (loss)
	December 31, 2025	December 31, 2024	2025	2024	2023
Power	$922	$919	$33	$(11)	$78
Wind	30	49	—	5	(2)
Electrification	479	743	191	123	77
Corporate(a)	403	438	45	(64)	(217)
Total	$1,834	$2,149	$269	$53	$(64)

(a) Includes the investments owned by our Financial Services business.

The following tables present summarized financial information of the Company’s equity method investments (for the period of the

Company's investment):


SUMMARIZED EARNINGS INFORMATION	2025	2024	2023
Revenues	$7,204	$9,811	$10,030
Gross profit	2,606	2,010	1,945
Net income	554	610	581


SUMMARIZED ASSETS AND LIABILITIES December 31	2025	2024
Current	$7,326	$10,647
Noncurrent	6,037	9,294
Total assets	$13,363	$19,941

Current	$4,953	$6,906
Noncurrent	2,828	3,725
Total liabilities	$7,781	$10,631
Noncontrolling interests	$141	$542

GE Vernova Inc. 10-K