GENERAL ELECTRIC CO Fair Value Disclosure
| ASSETS AND LIABILITIES MEASURED AT FAIR VALUE ON A RECURRING BASIS | ||||||||||||||||||||||||||||||||
| Level 1 | Level 2 | Level 3(a) | Netting adjustment(b) | Net balance(c) | ||||||||||||||||||||||||||||
| December 31 | 2025 | 2024 | 2025 | 2024 | 2025 | 2024 | 2025 | 2024 | 2025 | 2024 | ||||||||||||||||||||||
| Investment securities | $ | 655 | $ | 14 | $ | 34,911 | $ | 33,635 | $ | 3,222 | $ | 5,074 | $ | — | $ | — | $ | 38,788 | $ | 38,723 | ||||||||||||
| — | — | 247 | 243 | — | — | (60) | (55) | 187 | 188 | |||||||||||||||||||||||
| Total assets | $ | 655 | $ | 14 | $ | 35,158 | $ | 33,878 | $ | 3,222 | $ | 5,074 | $ | (60) | $ | (55) | $ | 38,975 | $ | 38,911 | ||||||||||||
| $ | — | $ | — | $ | 129 | $ | 131 | $ | — | $ | — | $ | (58) | $ | (54) | $ | 71 | $ | 77 | |||||||||||||
| Other(d) | — | — | 400 | 367 | — | — | — | — | 400 | 367 | ||||||||||||||||||||||
| Total liabilities | $ | — | $ | — | $ | 530 | $ | 498 | $ | — | $ | — | $ | (58) | $ | (54) | $ | 472 | $ | 444 | ||||||||||||
Balance at January 1 | Net realized/unrealized gains(losses)(a) | Purchases(b) | Sales & Settlements(c) | Transfers into Level 3 | Transfers out of Level 3(d) | Balance at December 31 | |||||||||||||||||
| 2025 | |||||||||||||||||||||||
| Investment securities | $ | 5,074 | $ | 27 | $ | 2,155 | $ | (2,753) | $ | 13 | $ | (1,293) | $ | 3,222 | |||||||||
| 2024 | |||||||||||||||||||||||
| Investment securities | $ | 6,841 | $ | 20 | $ | 1,505 | $ | (768) | $ | 12 | $ | (2,536) | $ | 5,074 | |||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Jan 29, 2026 | Showing above |
| 2024 | Feb 3, 2025 | |
| 2023 | Feb 2, 2024 | |
| 2022 | Feb 10, 2023 | |
| 2021 | Feb 11, 2022 | |
| 2020 | Feb 12, 2021 | |
| 2019 | Feb 24, 2020 | |
| 2018 | Feb 26, 2019 | |
| 2017 | Feb 23, 2018 | |
| 2016 | Feb 24, 2017 | |
| 2015 | Feb 26, 2016 | |
About Fair Value Disclosures
Fair value disclosures classify all assets and liabilities measured at fair value into a three-level hierarchy: Level 1 (quoted market prices), Level 2 (observable inputs like yield curves), and Level 3 (unobservable inputs requiring management estimates). The proportion of Level 3 assets directly reflects how much of the balance sheet depends on internal models rather than market evidence.
Key signals: a growing Level 3 balance relative to total fair-value assets increases valuation uncertainty and earnings volatility risk. Watch for transfers between levels — assets moving from Level 2 to Level 3 often signal deteriorating market liquidity. Unrealized gains and losses on Level 3 positions flow through earnings or other comprehensive income, so large swings deserve scrutiny. For financial institutions, examine the sensitivity disclosures that show how Level 3 valuations change under alternative assumptions. Compare the fair value of debt against its carrying amount to gauge hidden leverage.