Company: GE
Filing Date: 2025-07-21
Form Type: 10-Q
Source: 0000040545-25-000111
Chunk: 101

Company: GENERAL ELECTRIC CO
Filing Date: 2025-07-21
Form: 10-Q
Item: Item 8
Chunk 101
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Allowance for credit losses(112)(85)Total long-term receivables $214 $194 

NOTE 5. INVENTORIES, INCLUDING DEFERRED INVENTORY COSTS

June 30, 2025December 31, 2024Raw materials and work in process$8,690 $7,372 Finished goods1,590 1,459 Deferred inventory costs(a)1,017 932 Inventories, including deferred inventory costs$11,297 $9,763 

(a) Represents deferred labor and overhead costs on time 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

June 30, 2025December 31, 2024Original cost$16,565 $15,894 Less accumulated depreciation and amortization(10,097)(9,673)Right-of-use operating lease assets1,056 1,057 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 &