Company: GE
Filing Date: 2025-10-21
Form Type: 10-Q
Source: 0000040545-25-000132
Chunk: 109

Company: GENERAL ELECTRIC CO
Filing Date: 2025-10-21
Form: 10-Q
Item: Item 8
Chunk 109
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 in Insurance cash and cash equivalents of $406 million, an increase in Insurance receivables of $153 million and an increase in pension surplus of $104 million. Insurance cash and cash equivalents was $1,340 million and $934 million at September 30, 2025 and December 31, 2024, respectively.

NOTE 10. BORROWINGS

September 30, 2025December 31, 2024Current portion of long-term borrowings   Senior notes $1,884 $1,952    Subordinated notes and other165 87 Other short-term borrowings17 — Total short-term borrowings$2,067 $2,039 Senior notes(a)16,864 15,467 Subordinated notes 1,451 1,330 Other457 437 Total long-term borrowings$18,771 $17,234 Total borrowings$20,838 $19,273 (a) In the third quarter of 2025, GE Aerospace issued a total of $2,000 million in aggregate principal amount of senior unsecured debt, comprised of $1,000 million of 4.3% senior notes due 2030, and $1,000 million of 4.9% senior notes due 2036 (collectively, the "Notes"). Interest payments on the Notes are due semi-annually until maturity, with the first interest payment due in January 2026.

See Note 20 for further information about borrowings and associated hedges. 

24 2025 3Q FORM 10-Q

NOTE 11. ACCOUNTS PAYABLE 

September 30, 2025December 31, 2024Trade payables$7,399 $6,254 Supply chain finance programs(a)1,583 1,259 Sundry payables502 397 Accounts payable $9,485 $7,909 (a) During the first quarter of 2025 and fourth quarter of 2024, GE Aerospace made prepayments of $199 million and $198 million, respectively, related to the supply chain finance programs. There were no prepayments made in the second and third quarters of 2025.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