Company: GE
Filing Date: 2025-04-22
Form Type: 10-Q
Source: 0000040545-25-000062
Chunk: 48

Company: GENERAL ELECTRIC CO
Filing Date: 2025-04-22
Form: 10-Q
Item: Item 4
Chunk 48
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31, 2024Long-term customer receivables$134 $122 Supplier advances85 50 Sundry receivables113 106 Allowance for credit losses(107)(85)Total long-term receivables $224 $194 

NOTE 5. INVENTORIES, INCLUDING DEFERRED INVENTORY COSTS

March 31, 2025December 31, 2024Raw materials and work in process$7,967 $7,372 Finished goods1,542 1,459 Deferred inventory costs(a)994 932 Inventories, including deferred inventory costs$10,504 $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

March 31, 2025December 31, 2024Original cost$16,148 $15,894 Less accumulated depreciation and amortization(9,816)(9,673)Right-of-use operating lease assets1,094 1,057 Property, plant and equipment – net$7,426 $7,277 

2025 1Q FORM 10-Q 21

DEPRECIATION AND AMORTIZATION EXPENSEThree months ended March 3120252024Commercial Engines & Services$98 $92 Defense & Propulsion Technologies34 38 Corporate and Other (including supply chain)78 72 Total$210 $202 Operating Lease Liabilities. Our current operating lease liabilities, included in All other current liabilities in our Statement of Financial Position were $281 million and $283 million as of March 31, 2025 and December 31, 2024, respectively. Our non-current operating lease liabilities, included in All other liabilities in our Statement of Financial Position, were $862 million and $822 million as of March 31, 2025 and December 31, 2024, respectively. Expense on our operating lease portfolio, primarily from our long-term fixed leases, was $98 million and $112 million for the three months ended March 31, 2025 and 2024, respectively.

NOTE 7. GOODWILL AND OTHER INTANGIBLE ASSETS

Commercial Engines & ServicesDefense & Propulsion TechnologiesTotalBalance at January 1, 2025$