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PROPERTY, PLANT AND EQUIPMENT AND OPERATING LEASES | 6 Months Ended
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Jun. 30, 2026
Property, Plant, and Equipment [Abstract] |
PROPERTY, PLANT AND EQUIPMENT AND OPERATING LEASES | PROPERTY, PLANT AND EQUIPMENT AND OPERATING LEASES
| June 30, 2026 | December 31, 2025
Original cost | $ | 17,896 |  | $ | 17,388 |
Less accumulated depreciation and amortization | (10,804) |  | (10,419) |
Right-of-use operating lease assets | 1,042 |  | 1,018 |
Property, plant and equipment – net | $ | 8,135 |  | $ | 7,987 |
DEPRECIATION AND AMORTIZATION EXPENSE |  |  | Three months ended June 30 |  | Six months ended June 30
|  |  |  |  | 2026 | 2025 |  | 2026 | 2025
Commercial Engines & Services |  |  |  |  | $ | 164 |  | $ | 165 |  |  | $ | 331 |  | $ | 324 |
Defense & Propulsion Technologies |  |  |  |  | 47 |  | 40 |  |  | 93 |  | 76 |
Corporate & Other |  |  |  |  | 13 |  | 13 |  |  | 27 |  | 28 |
Total |  |  |  |  | $ | 224 |  | $ | 219 |  |  | $ | 452 |  | $ | 428 |
Operating Lease Liabilities. Our current operating lease liabilities, included in All other current liabilities in our Statement of Financial Position, were $287 million and $280 million as of June 30, 2026 and December 31, 2025, respectively. Our non-current operating lease liabilities, included in All other liabilities in our Statement of Financial Position, were $786 million and $783 million as of June 30, 2026 and December 31, 2025, respectively. Expense on our operating lease portfolio, primarily from our long-term fixed leases, was $84 million and $99 million for the three months ended June 30, 2026 and 2025, respectively, and $162 million and $197 million for the six months ended June 30, 2026 and 2025, respectively. In the second quarter of 2026, as part of overall fleet management for one of our smaller engine programs with a diverse customer base, we entered into an agreement for the sale and leaseback of certain Company owned engines. We recognized sales proceeds of $41 million and net income attributable to the Company of $15 million for the six months ended June 30, 2026. The Company is leasing back the engines for a term of 12 years under an operating lease agreement.

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- Definition The entire disclosure for property, plant, and equipment. Includes, but is not limited to, land and land improvement; building; machinery and equipment; furniture and fixture; and work of art, historical treasure, or similar asset classified as collection. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-3 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482130/360-10-45-13 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.CC) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480091/360-10-S99-2 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
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