COMMITMENTS, GUARANTEES, PRODUCT WARRANTIES, AND OTHER LOSS CONTINGENCIES	3 Months Ended
	Mar. 31, 2026
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS, GUARANTEES, PRODUCT WARRANTIES, AND OTHER LOSS CONTINGENCIES	COMMITMENTS, GUARANTEES, PRODUCT WARRANTIES, AND OTHER LOSS CONTINGENCIES Commitments. We had total investment commitments of $133 million and no unfunded lending commitments at March 31, 2026. The commitments primarily consist of obligations to make investments or provide funding by our Financial Services business. See Note 21 for further information. Guarantees. As of March 31, 2026, we were committed under the following guarantee arrangements: Credit support. We have provided $626 million of credit support on behalf of certain customers or associated companies, predominantly joint ventures and partnerships, using arrangements such as standby letters of credit and performance guarantees, and a line of credit to support our consolidated subsidiaries. The liability for such credit support was $5 million. Indemnification agreements. We have $1,010 million of indemnification commitments, including our commercial contracts and agreements governing the sale of business assets, for which we recorded a liability of $674 million. The liability is primarily associated with cash and deposits and includes a $378 million liability at March 31, 2026 related to cash transferred to the Company from General Electric Company (GE) as part of the separation that is restricted in connection with certain legal matters related to legacy GE operations. The liability reflects the use of these funds to settle any associated obligations and the return of any remaining cash to GE in a future reporting period once resolved. In addition, the liability includes $200 million of indemnifications in connection with agreements entered into with GE related to the separation, including a tax matters agreement (TMA). The IRS is currently auditing the consolidated GE U.S. income tax returns for 2016 through 2020, during which years the GE Vernova businesses were part of the consolidated filing. In the first quarter of 2026, we were informed by GE of an update to this IRS audit. The resolution could result in additional tax obligations that may be allocated to GE Vernova by GE, in accordance with the TMA. The resolution of this matter could be time-consuming and is not likely in the near term. If the resolution is unfavorable, then it could result in material indemnification obligations due from GE Vernova to GE, which are not reasonably estimable at this time and for which no liability has been accrued. Product Warranties. We provide for estimated product warranty expenses when we sell the related products. Because warranty estimates are forecasts that are based on the best available information, mostly historical claims experience, claims costs may differ from amounts provided. The liability for product warranties was $1,580 million and $1,573 million as of March 31, 2026 and December 31, 2025, respectively. Legal Matters. In the normal course of our business, we are involved from time to time in various arbitrations, class actions, litigation, investigations, and other legal, regulatory, or governmental actions. See Note 22 in the Notes to our audited consolidated and combined financial statements in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025 for further information. Environmental and Asset Retirement Obligations. Our operations involve the use, disposal, and cleanup of substances regulated under environmental protection laws and nuclear decommissioning regulations. We have obligations for ongoing and future environmental remediation activities and may incur additional liabilities in connection with previously remediated sites. Additionally, like many other industrial companies, we and our subsidiaries are defendants in various lawsuits related to alleged worker exposure to asbestos or other hazardous materials. Liabilities for environmental remediation, nuclear decommissioning, and worker exposure claims exclude possible insurance recoveries. It is reasonably possible that our exposure will exceed amounts accrued. However, due to uncertainties about the status of laws, regulations, technology, and information related to individual sites and lawsuits, such amounts are not reasonably estimable. Our reserves related to environmental remediation and worker exposure claims recorded in All other liabilities were $132 million and $135 million as of March 31, 2026 and December 31, 2025, respectively. We record asset retirement obligations associated with the retirement of tangible long-lived assets as a liability in the period in which the obligation is incurred and its fair value can be reasonably estimated. These obligations primarily represent nuclear decommissioning, legal obligations to return leased premises to their initial state, or dismantle and repair specific alterations for certain leased sites. The liability is measured at the present value of the obligation when incurred and is adjusted in subsequent periods. Corresponding asset retirement costs are capitalized as part of the carrying value of the related long-lived assets and depreciated over the asset’s useful life. Our asset retirement obligations were $544 million and $541 million as of March 31, 2026 and December 31, 2025, respectively, and are recorded in All other current liabilities and All other liabilities in our Consolidated Statement of Financial Position. Of these amounts, $463 million and $459 million, respectively, were related to nuclear decommissioning obligations.

GE Vernova Inc. 10-Q