Company: GE
Filing Date: 2025-10-21
Form Type: 10-Q
Source: 0000040545-25-000132
Chunk: 106

Company: GENERAL ELECTRIC CO
Filing Date: 2025-10-21
Form: 10-Q
Item: Item 8
Chunk 106
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 the Commercial Engines & Services business, the Company has no continuing involvement; fees associated with the transferred receivables are covered by the customer and cash is received at the original invoice value and due date.

22 2025 3Q FORM 10-Q

LONG-TERM RECEIVABLESSeptember 30, 2025December 31, 2024Long-term customer receivables$137 $122 Supplier advances85 50 Sundry receivables118 106 Allowance for credit losses(112)(85)Total long-term receivables $229 $194 

NOTE 5. INVENTORIES, INCLUDING DEFERRED INVENTORY COSTS

September 30, 2025December 31, 2024Raw materials and work in process$9,027 $7,372 Finished goods1,564 1,459 Deferred inventory costs(a)1,076 932 Inventories, including deferred inventory costs$11,667 $9,763 

(a) Represents deferred labor and overhead costs on time and material service contracts and other costs of products and services for which the criteria for revenue recognition has not yet been met. 

NOTE 6. PROPERTY, PLANT AND EQUIPMENT AND OPERATING LEASES

September 30, 2025December 31, 2024Original cost$16,860 $15,894 Less accumulated depreciation and amortization(10,286)(9,673)Right-of-use operating lease assets1,033 1,057 Property, plant and equipment – net$7,608 $7,277 DEPRECIATION AND AMORTIZATION EXPENSEThree months ended September 30Nine months ended September 302025202420252024Commercial Engines & Services$98 $94 $301 $273 Defense & Propulsion Technologies39 40 113 115 Corporate and Other (including supply chain)77 91 229 238 Total$214 $224 $643 $625 

Operating Lease Liabilities. Our current operating lease liabilities, included in All other current liabilities in our Statement of Financial Position, were $287 million and $283 million as of September 30, 2025 and December 31, 2024, respectively. Our non-current operating lease liabilities, included in All other liabilities in our Statement of Financial Position, were $796 million and $822 million as of September 30, 202