SALES DISCOUNTS AND ALLOWANCES & ALL OTHER CURRENT AND NON-CURRENT LIABILITIES

9 Months Ended

Sep. 30, 2024

Other Liabilities Disclosure [Abstract]

SALES DISCOUNTS AND ALLOWANCES & ALL OTHER CURRENT AND NON-CURRENT LIABILITIES

SALES DISCOUNTS AND ALLOWANCES & ALL OTHER CURRENT AND NON-CURRENT LIABILITIES.

Sales discounts and allowances increased $331 million in the nine months ended September 30, 2024, primarily due to higher spare parts shipments in Commercial Engines & Services outpacing payments to customers.

All other current liabilities and All other liabilities primarily includes employee compensation and benefits, equipment project and commercial liabilities, income taxes payable and uncertain tax positions, environmental, health and safety remediations, operating lease liabilities (see Note 6) and product warranties (see Note 22). All other current liabilities increased $126 million in the nine months ended September 30, 2024, primarily due to an accrual for shareholder litigation of $363 million and an increase in dividends payable of $214 million, partially offset by a decrease in employee compensation and benefits of $518 million. All other liabilities increased $939 million in the nine months ended September 30, 2024, primarily due to increases in uncertain and other income taxes and related liabilities of $674 million, Environmental, health and safety liabilities of $212 million and indemnity liabilities of $159 million, primarily related to GE Vernova.