Company: GE
Filing Date: 2025-02-03
Form Type: 10-K
Source: 0000040545-25-000015
Chunk: 197

Company: GENERAL ELECTRIC CO
Filing Date: 2025-02-03
Form: 10-K
Item: Item 1
Chunk 197
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146 3,062 1,369 1,358 Machinery and equipment4 - 2011,533 11,160 3,851 3,876 Leasehold costs and manufacturing plant under construction1 - 101,084 989 872 727 ROU operating lease assets1,057 1,160 Property, plant and equipment - net$15,894 $15,338 $7,277 $7,246 Property, plant andequipment additionsDepreciation and amortizationDecember 31202420232022202420232022Commercial Engines & Services$431 $343 $160 $370 $356 $362 Defense & Propulsion Technologies135 145 149 150 147 144 Corporate and Other (including supply chain)353 278 265 314 294 341 Total$920 $766 $574 $834 $797 $846 

52 2024 FORM 10-K

Operating Lease Liabilities. Our current operating lease liabilities, included in All other current liabilities in our Statement of Financial Position were $283 million and $308 million, as of December 31, 2024 and 2023, respectively. Our non-current operating lease liabilities, included in All other liabilities in our Statement of Financial Position, were $822 million and $931 million, as of December 31, 2024 and 2023, respectively. Substantially all of our operating leases have remaining lease terms of 10 years or less, some of which may include options to extend.OPERATING LEASE EXPENSE202420232022Long-term (fixed)$326 $364 $428 Long-term (variable)111 26 13 Short-term45 115 88 Total operating lease expense$482 $506 $529 MATURITY OF LEASE LIABILITIES20252026202720282029ThereafterTotalUndiscounted lease payments$276 $239 $185 $143 $128 $398 $1,369 Less: imputed interest(247)Total lease liability as of December 31, 2024$1,122 SUPPLEMENTAL INFORMATION RELATED TO OPERATING LEASES202420232022Operating cash flows used for operating leases$352 $427 $456 Right-of-use assets obtained in exchange for new lease liabilities196 275 264 Weighted