Company: GE
Filing Date: 2025-04-22
Form Type: 10-Q
Source: 0000040545-25-000062
Chunk: 86

Company: GENERAL ELECTRIC CO
Filing Date: 2025-04-22
Form: 10-Q
Item: Item 8
Chunk 86
---
 partners who participate in engine programs by developing and supplying certain engine components through the life of the program or other partners who support our production or aftermarket activities. The revenue sharing partners share in program revenue, receive a share of customer progress payments and share costs related to discounts and warranties.Sales of customer receivables. From time to time, the Company sells current or long-term receivables to third parties in response to customer-sponsored requests or programs, to facilitate sales, or for risk mitigation purposes. The Company sold current customer receivables to third parties and subsequently collected $92 million and $85 million in the three months ended March 31, 2025 and 2024, respectively, related primarily to our participation in customer-sponsored supply chain finance programs. Within these programs, primarily in the Commercial Engines & Services business, the Company has no continuing involvement; fees associated with the transferred receivables are covered by the customer and cash is received at the original invoice value and due date.LONG-TERM RECEIVABLESMarch 31, 2025December 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 312025202