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SEGMENT INFORMATION & REMAINING PERFORMANCE OBLIGATION
 9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
SEGMENT INFORMATION & REMAINING PERFORMANCE OBLIGATION SEGMENT INFORMATION & REMAINING PERFORMANCE OBLIGATION. We have two reportable segments and three operating segments. Operating segments are aggregated into a reportable segment if the operating segments have similar quantitative economic characteristics and if the operating segments are similar in the following qualitative characteristics: (i) nature of products and services; (ii) nature of production processes; (iii) type or class of customer for their products and services; (iv) methods used to distribute the products or provide services; and (v) if applicable, the nature of the regulatory environment. We have aggregated Defense & Systems and Propulsion & Additive Technology into one reportable segment, Defense & Propulsion Technologies, based on similarity in economic characteristics, other qualitative factors and the objectives and principles of ASC 280, Segment Reporting. This is consistent with how our chief operating decision maker (CODM) allocates resources and makes decisions. Refer to our Annual Report on Form 10-K for the year ended December 31, 2024, for a description of our segments, further information regarding our determination of segment profit for continuing operations and our allocations of corporate costs to our segments.
The Company does not report total assets by segment for internal or external reporting purposes as the Company’s CODM does not assess performance, make strategic decisions, or allocate resources based on assets.

EQUIPMENT & SERVICES REVENUE
Three months ended September 3020252024
EquipmentServicesTotalEquipmentServicesTotal
Commercial Engines & Services$2,059 $6,820 $8,880 $1,686 $5,317 $7,003 
Defense & Propulsion Technologies1,434 1,394 2,828 936 1,306 2,243 
Total segment revenue$3,493 $8,215 $11,708 $2,622 $6,623 $9,246 

Nine months ended September 3020252024
EquipmentServicesTotalEquipmentServicesTotal
Commercial Engines & Services$5,849 $17,998 $23,846 $4,819 $14,412 $19,231 
Defense & Propulsion Technologies3,717 3,998 7,715 3,017 3,939 6,955 
Total segment revenue$9,566 $21,996 $31,562 $7,836 $18,351 $26,186 

EXPENSES, PROFIT AND INCOMEThree months ended September 30Nine months ended September 30
2025202420252024
Commercial Engines & Services
Cost of revenue$5,834 $4,625 $15,546 $12,735 
Selling, general and administrative expenses426 447 1,286 1,286 
Research and development336 269 925 703 
Other segment expenses (income)(a)(153)(137)(499)(391)
Total Commercial Engines & Services expenses6,444 5,204 17,258 14,334 
Defense & Propulsion Technologies
Cost of revenue2,086 1,722 5,695 5,279 
Selling, general and administrative expenses292 242 792 710 
Research and development77 70 220 212 
Other segment expenses (income)(a)(13)(12)(37)(66)
Total Defense & Propulsion Technologies expenses2,442 2,022 6,671 6,135 
Commercial Engines & Services2,436 1,799 6,588 4,897 
Defense & Propulsion Technologies386 220 1,044 820 
Total segment profit (loss)2,822 2,019 7,632 5,717 
Corporate & Other(277)(73)(471)(252)
Interest and other financial charges(225)(251)(593)(762)
Non-operating benefit income (cost)198 207 596 628 
Benefit (provision) for income taxes(344)(198)(1,015)(567)
Net income (loss) from continuing operations attributable to common shareholders2,174 1,705 6,149 4,766 
Net income (loss) from discontinued operations attributable to common shareholders(17)147 14 (108)
Net income (loss) attributable to common shareholders$2,157 $1,852 $6,163 $4,657 
(a) Other segment expenses (income) primarily includes equity method income, interest income and licensing and royalty income.
REMAINING PERFORMANCE OBLIGATION. As of September 30, 2025, the aggregate amount of the contracted revenue allocated to our unsatisfied (or partially unsatisfied) performance obligations was $176,285 million. We expect to recognize revenue as we satisfy our remaining performance obligations as follows: (1) equipment-related remaining performance obligation of $25,284 million, of which 35%, 60% and 93% is expected to be satisfied within 1, 2 and 5 years, respectively; and (2) services-related remaining performance obligation of $151,001 million, of which 13%, 43%, 70% and 87% is expected to be recognized within 1, 5, 10 and 15 years, respectively, and the remaining thereafter.