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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
Property Plant and Equipment estimated Useful Life Depreciation is provided over the estimated useful lives of the assets or for leased assets, the lesser of this and the terms of the lease, using the straight-line method, as summarized below.

 

 

 

Buildings

 

5 to 40 years

 

 

Computer equipment and software

 

1 to 3 years

 

 

Machinery and equipment

 

3 to 20 years

 

 

Leasehold improvements

 

Shorter of the economic life or term of the lease – 1 to 22 years

 

 

Rental engines

 

Based on hours flown

 

 

Land

 

Not depreciated
Amortization Periods of Intangible Assets

The amortization periods for the Company’s intangible assets are summarized below:

 

 

 

Customer relationships

 

10 to 25 years

 

 

OEM authorizations and licenses

 

3 to 30 years

 

 

Technology and other

 

10 to 15 years

 

 

Trademarks

 

15 years