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PROPERTY, PLANT AND EQUIPMENT AND OPERATING LEASES
9 Months Ended
Sep. 30, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT AND OPERATING LEASES PROPERTY, PLANT AND EQUIPMENT AND OPERATING LEASES
September 30, 2025December 31, 2024
Original cost$16,860 $15,894 
Less accumulated depreciation and amortization(10,286)(9,673)
Right-of-use operating lease assets1,033 1,057 
Property, plant and equipment – net$7,608 $7,277 

DEPRECIATION AND AMORTIZATION EXPENSEThree months ended September 30Nine months ended September 30
2025202420252024
Commercial Engines & Services$98 $94 $301 $273 
Defense & Propulsion Technologies39 40 113 115 
Corporate and Other (including supply chain)77 91 229 238 
Total$214 $224 $643 $625 
Operating Lease Liabilities. Our current operating lease liabilities, included in All other current liabilities in our Statement of Financial Position, were $287 million and $283 million as of September 30, 2025 and December 31, 2024, respectively. Our non-current operating lease liabilities, included in All other liabilities in our Statement of Financial Position, were $796 million and $822 million as of September 30, 2025 and December 31, 2024, respectively. Expense on our operating lease portfolio, primarily from our long-term fixed leases, was $97 million and $120 million for the three months ended September 30, 2025 and 2024, respectively, and $294 million and $360 million for the nine months ended September 30, 2025 and 2024, respectively.