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PROPERTY, PLANT AND EQUIPMENT AND OPERATING LEASES (Tables)
12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Schedule of Property, Plant and Equipment
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 
Summary of Operating Lease Expense
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 
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 %
Schedule of Maturity of Lease Liabilities
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