Company: GE
Filing Date: 2025-04-22
Form Type: 10-Q
Source: 0000040545-25-000062
Chunk: 123

Company: GENERAL ELECTRIC CO
Filing Date: 2025-04-22
Form: 10-Q
Item: Item 1
Chunk 123
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, Insurance cash and cash equivalents, receivables and other investments in our run-off insurance operations, pension surplus and prepaid taxes and other deferred charges. All other non-current assets increased $544 million in the three months ended March 31, 2025, primarily due to an increase in Insurance receivables of $205 million, an increase in Insurance cash and cash equivalents of $160 million, an increase in equity method and other investments of $48 million and an increase in prepaid taxes and deferred charges of $48 million. Insurance cash and cash equivalents was $1,095 million and $934 million at March 31, 2025 and December 31, 2024, respectively.

NOTE 10. BORROWINGS

March 31, 2025December 31, 2024Current portion of long-term borrowings   Senior notes $2,010 $1,952    Subordinated notes and other74 87 Total short-term borrowings$2,084 $2,039 Senior notes15,578 15,467 Subordinated notes 1,368 1,330 Other541 437 Total long-term borrowings$17,487 $17,234 Total borrowings$19,571 $19,273 

See Note 20 for further information about borrowings and associated hedges. 

NOTE 11. ACCOUNTS PAYABLE 

March 31, 2025December 31, 2024Trade payables$6,795 $6,254 Supply chain finance programs1,272 1,259 Sundry payables558 397 Accounts payable $8,625 $7,909 We facilitate voluntary supply chain finance programs with third parties, which provide participating suppliers the opportunity to sell their GE Aerospace receivables to third parties at the sole discretion of both the suppliers and the third parties. Total supplier invoices paid through these third-party programs were $874 million and $928 million for the three months ended March 31, 2025 and 2024, respectively. GE Aerospace has no costs associated with this program.

NOTE 12. INSURANCE LIABILITIES AND ANNUITY BENEFITS. Insurance liabilities and annuity benefits are comprised of obligations to annuitants and insureds in our run-off insurance operations. Our insurance operations (net of eliminations) generated revenue of $934 million and $879 million, profit was $205 million and $200 million and net income was $