Company: GE
Filing Date: 2025-07-21
Form Type: 10-Q
Source: 0000040545-25-000111
Chunk: 64

Company: GENERAL ELECTRIC CO
Filing Date: 2025-07-21
Form: 10-Q
Item: Item 4
Chunk 64
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 amounts due from customers within our Commercial Engines & Services segment for the sales of engines, spare parts and services, which we collect through fixed or usage-based billings from the sale of spare parts and servicing of equipment under long-term service agreements.Progress collections increased $330 million in the six months ended June 30, 2025 primarily due to increased collections at Defense & Propulsion Technologies.

NOTE 9. ALL OTHER ASSETS.  All other current assets and All other assets primarily include equity method investments, 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 $1,092 million in the six months ended June 30, 2025, due to an increase in equity method and other investments, primarily at our run-off insurance operations, of $376 million, an increase in Insurance cash and cash equivalents of $257 million, an increase in Insurance receivables of $243 million and an increase in pension surplus of $104 million. Insurance cash and cash equivalents was $1,191 million and $934 million at June 30, 2025 and December 31, 2024, respectively.

NOTE 10. BORROWINGS

June 30, 2025December 31, 2024Current portion of long-term borrowings   Senior notes $1,817 $1,952    Subordinated notes and other47 87 Other short-term borrowings25 — Total short-term borrowings$1,889 $2,039 Senior notes14,991 15,467 Subordinated notes 1,447 1,330 Other560 437 Total long-term borrowings$16,998 $17,234 Total borrowings$18,886 $19,273 

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

24 2025 2Q FORM 10-Q 

NOTE 11. ACCOUNTS PAYABLE 

June 30, 2025December 31, 2024Trade payables$7,315 $6,254 Supply chain finance programs(a)1,564 1,259 Sundry payables616 397 Accounts payable $9,495 $7,909 (a) During the first quarter of 2025 and fourth quarter of 2024, GE Aerospace made prepayments of $199 million and $198 million,