Company: GE
Filing Date: 2025-07-21
Form Type: 10-Q
Source: 0000040545-25-000111
Chunk: 62

Company: GENERAL ELECTRIC CO
Filing Date: 2025-07-21
Form: 10-Q
Item: Item 4
Chunk 62
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Property, plant and equipment – net$7,523 $7,277 DEPRECIATION AND AMORTIZATION EXPENSEThree months ended June 30Six months ended June 302025202420252024Commercial Engines & Services$105 $88 $203 $179 Defense & Propulsion Technologies39 37 73 75 Corporate and Other (including supply chain)75 75 153 147 Total$219 $199 $428 $401 

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 June 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 $823 million and $822 million as of June 30, 2025 and December 31, 2024, respectively. Expense on our operating lease portfolio, primarily from our long-term fixed leases, was $99 million and $128 million for the three months ended June 30, 2025 and 2024, respectively, and $197 million and $240 million for the six months ended June 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)266 59 326 Balance at June 30, 2025$6,607 $2,398 $9,006 (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 second quarter of 2025, we did not identify any reporting units that required an interim impairment test. Other intangible assets increased $79 million during the six months ended June 30, 2025, primarily as a result of acquisitions within our Defense & Propulsion Technologies segment. All other intangible assets are subject to amortization. Consolidated amortization expense was $93 million and $83 million in the three months ended and $182 million and $172 million in the six months ended June