Company: GE
Filing Date: 2025-02-03
Form Type: 10-K
Source: 0000040545-25-000015
Chunk: 124

Company: GENERAL ELECTRIC CO
Filing Date: 2025-02-03
Form: 10-K
Item: Item 3
Chunk 124
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022Long-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-average remaining lease term7.8 years7.7 years8.4 yearsWeighted-average discount rate4.6 %4.5 %4.4 %

NOTE 7. GOODWILL AND OTHER INTANGIBLE ASSETS

In conjunction with the GE Vernova separation, we changed our segment reporting structure. As a result, all prior period balances for those segments were updated to reflect this change.Changes in the carrying value of Goodwill for years ending December 31, 2024, 2023 and 2022 were as follows:Commercial Engines & ServicesDefense & Propulsion TechnologiesTotalBalance at December 31, 2022 $6,386 $2,449 $8,835 Goodwill adjustments(a)86 26 113 Balance at December 31, 2023$6,472 $2,476 $8,948 Goodwill impairment— (251)(251)Goodwill adjustments(a)(131)(28)(159)Balance at December 31, 2024$6,341 $2,197 $8,538 (a) Goodwill adjustments are primarily related to foreign currency exchange.Also in conjunction with the GE Vernova separation, the composition of our reporting units for evaluation of goodwill impairment has changed. As a result, we allocated goodwill among new and realigned reporting units using a relative fair value approach and performed assessments for the new reporting units. 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 third quarter of 2024, we performed an interim impairment test at our