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CONSOLIDATED AND COMBINED STATEMENT OF FINANCIAL POSITION (UNAUDITED) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Cash, cash equivalents, and restricted cash $ 5,779 $ 1,551
Inventories, including deferred inventory costs (Note 5) 9,346 8,253
Current contract assets (Note 9) 8,702 8,339
All other current assets (Note 10) 463 352
Assets of business held for sale (Note 3) 0 1,444
Current assets 30,722 27,428
Property, plant, and equipment – net (Note 6) 5,168 5,228
Goodwill (Note 8) 4,354 4,437
Intangible assets – net (Note 8) 925 1,042
Contract and other deferred assets (Note 9) 614 621
Equity method investments (Note 11) 2,405 3,555
Deferred income taxes (Note 15) 1,383 1,582
All other assets (Note 10) 2,480 2,228
Total assets 48,052 46,121
Contract liabilities and deferred income (Note 9) 16,536 15,074
All other current liabilities (Note 14) 4,644 4,352
Liabilities of business held for sale (Note 3) 0 1,448
Current liabilities 29,065 29,306
Deferred income taxes (Note 15) 674 382
Non-current compensation and benefits 3,224 3,273
All other liabilities (Note 14) 5,040 4,780
Total liabilities 38,003 37,741
Commitments and contingencies (Note 22)
Common stock, par value $0.01 per share, 1,000,000,000 shares authorized, 274,701,743 shares issued and outstanding as of June 30, 2024 3 0
Additional paid-in capital 8,801 0
Retained earnings 1,294 0
Net parent investment 0 8,051
Accumulated other comprehensive income (loss) – net attributable to GE Vernova (Note 16) (1,031) (635)
Total equity attributable to GE Vernova 9,067 7,416
Noncontrolling interests 982 964
Total equity 10,049 8,380
Total liabilities and equity 48,052 46,121
Nonrelated party    
Current receivables - net 6,419 7,409
Accounts payable and equipment project payables 7,841 7,900
Related party    
Current receivables - net 12 80
Accounts payable and equipment project payables $ 44 $ 532