Company: GE
Filing Date: 2025-07-21
Form Type: 10-Q
Source: 0000040545-25-000111
Chunk: 104

Company: GENERAL ELECTRIC CO
Filing Date: 2025-07-21
Form: 10-Q
Item: Item 8
Chunk 104
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ordinated notes and other47 87 Other short-term borrowings25 — Total short-term borrowings$1,889 $2,039 Senior notes14,991 15,467 Subordinated notes 1,447 1,330 Other560 437 Total long-term borrowings$16,998 $17,234 Total borrowings$18,886 $19,273 

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

24 2025 2Q FORM 10-Q 

NOTE 11. ACCOUNTS PAYABLE 

June 30, 2025December 31, 2024Trade payables$7,315 $6,254 Supply chain finance programs(a)1,564 1,259 Sundry payables616 397 Accounts payable $9,495 $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 quarter 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 were $1,545 million and $1,799 million for the six months ended June 30, 2025 and 2024, respectively. GE Aerospace has no costs associated with this program.

NOTE 12. INSURANCE LIABILITIES AND ANNUITY BENEFITS. Insurance liabilities and annuity benefits are comprised of obligations to annuitants and insureds in our run-off insurance operations. Our insurance operations (net of eliminations) generated revenue of $872 million and $871 million, profit was $147 million and $170 million and net income was $118 million and $134 million for the three months ended June 30, 2025 and 2024, respectively. For the six months ended June 30, 2025 and 2024, revenues were $1,806 million and $1,750 million, profit was $353 million and $370 million and net income was $280 million and $292 million, respectively. These operations were primarily supported by investment securities, substantially all debt securities, of $37,512 million and $37,