Company: GE
Filing Date: 2025-02-03
Form Type: 10-K
Source: 0000040545-25-000015
Chunk: 125

Company: GENERAL ELECTRIC CO
Filing Date: 2025-02-03
Form: 10-K
Item: Item 3
Chunk 125
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 Colibrium Additive reporting unit within our Defense & Propulsion Technologies segment given declines in the additive manufacturing industry due to slower adoption of technology, which incorporated a combination of income and market valuation approaches. The results of the analysis indicated that the carrying value of the reporting unit was in excess of fair value and, therefore, we recorded a non-cash impairment loss of $251 million in Goodwill impairments in our Statement of Earnings (Loss). After the impairment charges there is no remaining goodwill in the reporting unit. Colibrium Additive is a critical business for current and future technology at GE Aerospace as we continue to focus on where it can create the most value. In the fourth quarter of 2024, we performed our annual impairment test. Based on the results of this test, the fair values of each of our reporting units exceeded their carrying values.

2024 FORM 10-K 53

20242023INTANGIBLE ASSETS SUBJECT TO AMORTIZATION December 31Useful lives (in years)Gross carryingamountAccumulatedamortizationNetGross carryingamountAccumulatedamortizationNetCustomer-related(a)3-15$3,850 $(2,083)$1,767 $3,845 $(1,898)$1,947 Patents and technology5-152,744 (759)1,985 3,000 (814)2,186 Capitalized software51,296 (803)493 1,287 (796)491 Trademarks & other1370 (58)13 73 (55)18 Total$7,960 $(3,703)$4,257 $8,205 $(3,563)$4,642 (a) Balance includes payments made to our customers, primarily within our Commercial Engines & Services segment.Intangible assets decreased $385 million in 2024, primarily as a result of amortization. Consolidated amortization expense was $350 million, $382 million and $338 million for the years ended December 31, 2024, 2023 and 2022, respectively. Estimated consolidated annual pre-tax amortization for intangible assets over the next five calendar years are as follows:  ESTIMATED 5 YEAR CONSOLIDATED AMORTIZATION20252026202720282029Estimated annual pre-tax amortization$348 $343 $329 $322 $323 During 2024, we recorded additions to intangible assets subject