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CURRENT AND LONG-TERM RECEIVABLES | 9 Months Ended
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Sep. 30, 2025
Receivables [Abstract] |
CURRENT AND LONG-TERM RECEIVABLES | CURRENT AND LONG-TERM RECEIVABLES
CURRENT RECEIVABLES | September 30, 2025 | December 31, 2024
Customer receivables | $ | 8,507 |  | $ | 7,385 |
Revenue sharing and other partner receivables(a) | 1,099 |  | 1,113 |
Non-income based tax receivables | 148 |  | 128 |
Supplier advances | 730 |  | 546 |
Receivables from disposed businesses | 56 |  | 99 |
Other sundry receivables | 218 |  | 162 |
Allowance for credit losses | (86) |  | (106) |
Total current receivables | $ | 10,671 |  | $ | 9,327 |
(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 revenue, receive a share of customer progress payments and share costs related to discounts and warranties. 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 $115 million and $437 million in the nine months ended September 30, 2025 a nd 2024, 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 value and due date.
LONG-TERM RECEIVABLES | September 30, 2025 | December 31, 2024 |  |  |
Long-term customer receivables | $ | 137 |  | $ | 122 |  |  |  |
Supplier advances | 85 |  | 50 |  |  |  |
Sundry receivables | 118 |  | 106 |  |  |  |
Allowance for credit losses | (112) |  | (85) |  |  |  |
Total long-term receivables | $ | 229 |  | $ | 194 |  |  |  |

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- Definition The entire disclosure for claims held for amounts due a company, excluding disclosure for allowance for credit losses. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Also excludes disclosure for financing receivables. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/310-10/tableOfContent + Details
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- References No definition available. + Details
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