ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (AOCI) (Tables)

6 Months Ended

Jun. 30, 2024

Schedule of Accumulated Other Comprehensive Income (Loss)


	Currency translation adjustment		Benefit plans		Cash flow hedges		Total AOCI
Balance as of April 1, 2024	$	(1,324)	$	604	$	34	$	(686)
Transfer or allocation of benefit plans – net of taxes of $—, $(207), and $—	—		(207)		—		(207)
AOCI before reclasses – net of taxes of $45, $25, and $—	(6)		9		33		36
Reclasses from AOCI – net of taxes of $—, $(1), and $— (a)	(111)		(74)		9		(176)
Less: AOCI attributable to noncontrolling interests	(1)		—		—		(1)
Balance as of June 30, 2024	$	(1,441)	$	333	$	77	$	(1,031)

Balance as of April 1, 2023	$	(1,381)	$	1,692	$	(26)	$	285
Transfer or allocation of benefit plans – net of taxes of $—, $(2), and $—	—		(4)		—		(4)
AOCI before reclasses – net of taxes of $6, $(32), and $—	59		(1)		(3)		55
Reclasses from AOCI – net of taxes of $—, $(1), and $—	—		(79)		6		(73)
Less: AOCI attributable to noncontrolling interests	(2)		—		—		(2)
Balance as of June 30, 2023	$	(1,320)	$	1,608	$	(24)	$	264





Balance as of January 1, 2024	$	(1,335)	$	674	$	26	$	(635)
Transfer or allocation of benefit plans – net of taxes of $—, $(207), and $—	—		(207)		—		(207)
AOCI before reclasses – net of taxes of $33, $10, and $— (b)	5		8		29		42
Reclasses from AOCI – net of taxes of $—, $(2), and $— (a)	(111)		(141)		22		(230)
Less: AOCI attributable to noncontrolling interests	—		1		—		1
Balance as of June 30, 2024	$	(1,441)	$	333	$	77	$	(1,031)

Balance as of January 1, 2023	$	(1,445)	$	32	$	(43)	$	(1,456)
Transfer or allocation of benefit plans – net of taxes of $—, $68, and $—	—		1,698		—		1,698
AOCI before reclasses – net of taxes of $6, $(20), and $—	103		33		8		145
Reclasses from AOCI – net of taxes of $—, $(1), and $—	18		(157)		11		(128)
Less: AOCI attributable to noncontrolling interests	(2)		(2)		—		(4)
Balance as of June 30, 2023	$	(1,320)	$	1,608	$	(24)	$	264

(a) The total reclassification of accumulated other comprehensive income (loss) included $111 million of currency translation adjustment related to the sale of a portion of Steam Power nuclear activities to EDF. See Notes 3 and 19 for further information.

(b) Currency translation adjustment includes $39 million of accumulated other comprehensive income (loss) allocated to GE Vernova in connection with the Spin-Off.