Thread regarding General Electric Co. layoffs

How much debt does GE still have to pay after splitting???

I read somewhere( think was Motley Fool ) that GE still has to pay down $105 billion dollar debt after splitting into three. Most of the debt is from the long term insurance. Is that true?

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Post ID: @OP+1gJQ3QCK

4 replies (most recent on top)

Scott said 2b in debt by the split on the all hands with Power alone creating 2.5b in cash by '24. Huh...the union wasn't invited??

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Post ID: @4whe+1gJQ3QCK

$105 billion plus the $ 1 they’ll pay to JC ?

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Post ID: @akd+1gJQ3QCK

@lmq+1gJQ3QCK, fossil fuel power is dying in the US. GE should sell Power asap. At the same-time, the Schenectady union is being wrecked by a splinter group (suing it's own union and therefor their own union brothers...UNBELIEVABLE) which might also contribute to it's closure. It will become a service center only. Splinter group can rejoice in their being a part of an accelerated closure of the site.

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Post ID: @jow+1gJQ3QCK

$255 billion in debt and free cash flow is 200 mil in power. Do the math power is gone

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Post ID: @lmq+1gJQ3QCK

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