Bloomberg Tax
Jan. 18, 2022, 9:45 AM

GE, J&J Face ‘Huge Lift’ to Account for Planned Breakups

Amanda Iacone
Amanda Iacone

Unraveling the finances of a conglomerate such as General Electric Co. isn’t as simple as dividing by three as the company looks to spin off its energy and health-care businesses from its core operations.

The wholesale removal of significant portions of the industrial giant’s portfolio will ripple throughout GE’s financial statements, hitting cash, earnings, debt and assets. Deconstructing a streamlined set of financials for an aviation-focused GE, plus drafting financial reports for two newly minted public companies, will be no small feat.

“It really is a huge task and a huge lift to try to separate big companies from one ...

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