Company: GE
Filing Date: 2025-10-21
Form Type: 10-Q
Source: 0000040545-25-000132
Chunk: 66

Company: GENERAL ELECTRIC CO
Filing Date: 2025-10-21
Form: 10-Q
Item: Item 4
Chunk 66
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 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, 2025 and December 31, 2024, respectively. Expense on our operating lease portfolio, primarily from our long-term fixed leases, was $97 million and $120 million for the three months ended September 30, 2025 and 2024, respectively, and $294 million and $360 million for the nine months ended September 30, 2025 and 2024, respectively. 

NOTE 7. GOODWILL AND OTHER INTANGIBLE ASSETS

Commercial Engines & ServicesDefense & Propulsion TechnologiesTotalBalance at January 1, 2025$6,341 $2,197 $8,538 Goodwill acquisition— 142 142 Goodwill adjustments(a)293 69 362 Balance at September 30, 2025$6,634 $2,408 $9,041 (a) Goodwill adjustments are primarily related to foreign currency exchange.We assess the possibility that a reporting unit’s fair value has been reduced below its carrying amount due to the occurrence of events or circumstances between annual impairment testing dates. In the third