Company: GE
Filing Date: 2025-02-03
Form Type: 10-K
Source: 0000040545-25-000015
Chunk: 201

Company: GENERAL ELECTRIC CO
Filing Date: 2025-02-03
Form: 10-K
Item: Item 1
Chunk 201
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 December 31, 2024, primarily due to an increase in equity method and other investments of $1,122 million, an increase in indemnity assets of $421 million, primarily related to GE Vernova, an increase in prepaid taxes and deferred charges of $214 million, an increase in Insurance receivables of $196 million, an increase in pension surplus of $157 million and an increase in Insurance cash and cash equivalents of $151 million. Insurance cash and cash equivalents was $934 million and $784 million at December 31, 2024 and December 31, 2023, respectively.

NOTE 10. BORROWINGS 

December 3120242023MaturitiesAmountAverage RateAmountAverage RateCurrent portion of long-term borrowings   Senior unsecured2025$1,952 4.03 %$1,0443.99 %   Subordinated notes and other202587 27 Other short-term — 37 Total short-term borrowings$2,039 $1,108 MaturitiesAmountAverage RateAmountAverage RateSenior unsecured2026 - 2055$15,467 4.03 %$17,509 3.99 %Subordinated notes2035 - 20371,330 4.43 %1,383 4.43 %Other437 525 Total long-term borrowings$17,234 $19,417 Total borrowings$19,273 $20,525 Long-term debt maturities are below:20252026202720282029ThereafterTotalLong-term debt maturities2,039 (a)1,304 1,493 452 1,445 12,540 19,273 (a) Fixed and floating rate notes of $315 million contain put options with exercise dates in 2025, which contractually mature after 2025.

NOTE 11. ACCOUNTS PAYABLE 

December 3120242023Trade payables$6,254 $5,290 Supply chain finance programs1,259 1,472 Sundry payables397 754 Accounts payable $7,909 $7,516 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 $3,798