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PROPERTY, PLANT AND EQUIPMENT AND OPERATING LEASES
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT AND OPERATING LEASES PROPERTY, PLANT AND EQUIPMENT AND OPERATING LEASES
Depreciable livesOriginal CostNet Carrying Value
December 31(in years)2024202320242023
Land and improvements8$131 $128 $129 $126 
Buildings, structures and related equipment
8 - 40
3,146 3,062 1,369 1,358 
Machinery and equipment
4 - 20
11,533 11,160 3,851 3,876 
Leasehold costs and manufacturing plant under construction
1 - 10
1,084 989 872 727 
ROU operating lease assets1,057 1,160 
Property, plant and equipment - net$15,894 $15,338 $7,277 $7,246 

Property, plant and
equipment additions		Depreciation and amortization
December 31202420232022202420232022
Commercial Engines & Services$431 $343 $160 $370 $356 $362 
Defense & Propulsion Technologies135 145 149 150 147 144 
Corporate and Other (including supply chain)353 278 265 314 294 341 
Total$920 $766 $574 $834 $797 $846 
Operating Lease Liabilities. Our current operating lease liabilities, included in All other current liabilities in our Statement of Financial Position were $283 million and $308 million, as of December 31, 2024 and 2023, respectively. Our non-current operating lease liabilities, included in All other liabilities in our Statement of Financial Position, were $822 million and $931 million, as of December 31, 2024 and 2023, respectively. Substantially all of our operating leases have remaining lease terms of 10 years or less, some of which may include options to extend.

OPERATING LEASE EXPENSE202420232022
Long-term (fixed)$326 $364 $428 
Long-term (variable)111 26 13 
Short-term45 115 88 
Total operating lease expense$482 $506 $529 

MATURITY OF LEASE LIABILITIES20252026202720282029ThereafterTotal
Undiscounted lease payments$276 $239 $185 $143 $128 $398 $1,369 
Less: imputed interest(247)
Total lease liability as of December 31, 2024
$1,122 

SUPPLEMENTAL INFORMATION RELATED TO OPERATING LEASES202420232022
Operating cash flows used for operating leases$352 $427 $456 
Right-of-use assets obtained in exchange for new lease liabilities196 275 264 
Weighted-average remaining lease term7.8 years7.7 years8.4 years
Weighted-average discount rate4.6 %4.5 %4.4 %