CURRENT AND LONG-TERM RECEIVABLES

9 Months Ended

Sep. 30, 2024




CURRENT RECEIVABLES	September 30, 2024		December 31, 2023





Customer receivables	$	7,069	$	6,397
Revenue sharing and other partner receivables(a)	1,201		1,252
Non-income based tax receivables	135		129
Supplier advances	481		401
Receivables from disposed businesses	101		121
Other sundry receivables	113		534
Allowance for credit losses(b)	(165)		(132)
Total current receivables	$	8,936	$	8,703

(a) Revenue sharing and other partner receivables are primarily amounts due from revenue sharing 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 revenues, receive a share of customer progress payments and share costs related to discounts and warranties.

(b) Allowance for credit losses increased primarily due to new provisions of $41 million.

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 $437 million and $491 million in the nine months ended September 30, 2024 and 2023, 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 due date.



LONG-TERM RECEIVABLES	September 30, 2024		December 31, 2023

Long-term customer receivables	$	143	$	163
Supplier advances	36		32
Sundry receivables	108		158
Allowance for credit losses	(1)		(4)

Total long-term receivables	$	287	$	349