| ASSETS AND LIABILITIES OF BUSINESSES HELD FOR SALE | December 31, 2024 | December 31, 2023 | ||||||
| Non-current captive insurance investment securities | $ | \u2014\u00a0 | $ | 570\u00a0 | ||||
| Property, plant and equipment and intangible assets - net | \u2014\u00a0 | 17\u00a0 | ||||||
| Valuation allowance on disposal group classified as held for sale | \u2014\u00a0 | (124) | ||||||
All other assets | \u2014\u00a0 | 77\u00a0 | ||||||
| Assets of businesses held for sale | $ | \u2014\u00a0 | $ | 541\u00a0 | ||||
| Insurance liabilities and annuity benefits | $ | \u2014\u00a0 | $ | 376\u00a0 | ||||
Accounts payable and all other liabilities | \u2014\u00a0 | 1\u00a0 | ||||||
Liabilities of businesses held for sale | $ | \u2014\u00a0 | $ | 378\u00a0 |
RESULTS OF DISCONTINUED OPERATIONS For the year ended December 31, 2024 | GE Vernova | GE HealthCare | Bank BPH & Other | Total | ||||||||||
| Total revenue | $ | 7,244\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 7,244\u00a0 | ||||||
| Cost of equipment and services sold | (6,074) | \u2014\u00a0 | \u2014\u00a0 | (6,074) | ||||||||||
| Other income, costs and expenses | (1,299) | 21\u00a0 | (41) | (1,320) | ||||||||||
| Earnings (loss) of discontinued operations before income taxes | (129) | 21\u00a0 | (41) | (150) | ||||||||||
| Benefit (provision) for income taxes | 27\u00a0 | (5) | 17\u00a0 | 40\u00a0 | ||||||||||
| Earnings (loss) of discontinued operations, net of taxes | (102) | 16\u00a0 | (24) | (110) | ||||||||||
| Gain (loss) on disposal before income taxes | \u2014\u00a0 | \u2014\u00a0 | 21\u00a0 | 21\u00a0 | ||||||||||
| Benefit (provision) for income taxes | \u2014\u00a0 | \u2014\u00a0 | (1) | (1) | ||||||||||
| Gain (loss) on disposal, net of taxes | \u2014\u00a0 | \u2014\u00a0 | 19\u00a0 | 19\u00a0 | ||||||||||
| Earnings (loss) from discontinued operations, net of taxes | $ | (102) | $ | 16\u00a0 | $ | (4) | $ | (91) |
For the year ended December 31, 2023 | GE Vernova | GE HealthCare | Bank BPH & Other | Total | ||||||||||
| Total revenue | $ | 33,265\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 33,265\u00a0 | ||||||
| Cost of equipment and services sold | (28,205) | \u2014\u00a0 | \u2014\u00a0 | (28,205) | ||||||||||
| Other income, costs and expenses | (5,306) | (50) | (1,252) | (6,607) | ||||||||||
| Earnings (loss) of discontinued operations before income taxes | (246) | (50) | (1,252) | (1,547) | ||||||||||
| Benefit (provision) for income taxes | (171) | 1,706\u00a0 | 4\u00a0 | 1,539\u00a0 | ||||||||||
Earnings (loss) of discontinued operations, net of taxes | (417) | 1,656\u00a0 | (1,248) | (8) | ||||||||||
| Gain (loss) on disposal before income taxes | \u2014\u00a0 | \u2014\u00a0 | 6\u00a0 | 6\u00a0 | ||||||||||
| Benefit (provision) for income taxes | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | ||||||||||
| Gain (loss) on disposal, net of taxes | \u2014\u00a0 | \u2014\u00a0 | 6\u00a0 | 6\u00a0 | ||||||||||
| Earnings (loss) from discontinued operations, net of taxes | $ | (417) | $ | 1,656\u00a0 | $ | (1,242) | $ | (3) |
For the year ended December 31, 2022 | GE Vernova | GE HealthCare | Bank BPH & Other | Total | ||||||||||
| Total revenue | $ | 29,645\u00a0 | $ | 18,457\u00a0 | $ | \u2014\u00a0 | $ | 48,102\u00a0 | ||||||
| Cost of equipment and services sold | (25,981) | (11,265) | \u2014\u00a0 | (37,246) | ||||||||||
| Other income, costs and expenses | (5,985) | (4,842) | (808) | (11,636) | ||||||||||
| Earnings (loss) of discontinued operations before income taxes | (2,322) | 2,350\u00a0 | (808) | (780) | ||||||||||
| Benefit (provision) for income taxes | 171\u00a0 | (521) | (32) | (382) | ||||||||||
Earnings (loss) of discontinued operations, net of taxes | (2,151) | 1,829\u00a0 | (841) | (1,163) | ||||||||||
| Gain (loss) on disposal before income taxes | \u2014\u00a0 | 6\u00a0 | 58\u00a0 | 64\u00a0 | ||||||||||
| Benefit (provision) for income taxes | \u2014\u00a0 | 11\u00a0 | 139\u00a0 | 150\u00a0 | ||||||||||
| Gain (loss) on disposal, net of taxes | \u2014\u00a0 | 17\u00a0 | 196\u00a0 | 213\u00a0 | ||||||||||
| Earnings (loss) from discontinued operations, net of taxes | $ | (2,151) | $ | 1,846\u00a0 | $ | (644) | $ | (949) |
| ASSETS AND LIABILITIES OF DISCONTINUED OPERATIONS | December 31, 2024 | December 31, 2023 | ||||||
Cash, cash equivalents and restricted cash(a) | $ | 1,327\u00a0 | $ | 3,762\u00a0 | ||||
| Current receivables | 13\u00a0 | 7,324\u00a0 | ||||||
| Inventories, including deferred inventory costs | \u2014\u00a0 | 8,245\u00a0 | ||||||
| Goodwill | \u2014\u00a0 | 4,437\u00a0 | ||||||
| Other intangible assets - net | \u2014\u00a0 | 1,053\u00a0 | ||||||
| Contract and other deferred assets | \u2014\u00a0 | 8,959\u00a0 | ||||||
| \u00a0Property, plant, and equipment - net | 40\u00a0 | 5,306\u00a0 | ||||||
All other assets | 438\u00a0 | 5,750\u00a0 | ||||||
| Deferred income taxes | 24\u00a0 | 3,093\u00a0 | ||||||
| Assets of discontinued operations(b)(c) | $ | 1,841\u00a0 | $ | 47,927\u00a0 | ||||
Accounts payable | $ | 30\u00a0 | $ | 8,475\u00a0 | ||||
| Contract liabilities, progress collections & deferred income | \u2014\u00a0 | 15,255\u00a0 | ||||||
| Long-term borrowings | \u2014\u00a0 | 294\u00a0 | ||||||
| Non-current compensation and benefits | 33\u00a0 | 3,589\u00a0 | ||||||
All other liabilities | 1,254\u00a0 | 11,600\u00a0 | ||||||
Liabilities of discontinued operations(b)(c) | $ | 1,317\u00a0 | $ | 39,213\u00a0 |
| ASSETS AND LIABILITIES OF BUSINESSES HELD FOR SALE | December 31, 2024 | December 31, 2023 | ||||||
| Non-current captive insurance investment securities | $ | \u2014\u00a0 | $ | 570\u00a0 | ||||
| Property, plant and equipment and intangible assets - net | \u2014\u00a0 | 17\u00a0 | ||||||
| Valuation allowance on disposal group classified as held for sale | \u2014\u00a0 | (124) | ||||||
All other assets | \u2014\u00a0 | 77\u00a0 | ||||||
| Assets of businesses held for sale | $ | \u2014\u00a0 | $ | 541\u00a0 | ||||
| Insurance liabilities and annuity benefits | $ | \u2014\u00a0 | $ | 376\u00a0 | ||||
Accounts payable and all other liabilities | \u2014\u00a0 | 1\u00a0 | ||||||
Liabilities of businesses held for sale | $ | \u2014\u00a0 | $ | 378\u00a0 |
RESULTS OF DISCONTINUED OPERATIONS For the year ended December 31, 2024 | GE Vernova | GE HealthCare | Bank BPH & Other | Total | ||||||||||
| Total revenue | $ | 7,244\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 7,244\u00a0 | ||||||
| Cost of equipment and services sold | (6,074) | \u2014\u00a0 | \u2014\u00a0 | (6,074) | ||||||||||
| Other income, costs and expenses | (1,299) | 21\u00a0 | (41) | (1,320) | ||||||||||
| Earnings (loss) of discontinued operations before income taxes | (129) | 21\u00a0 | (41) | (150) | ||||||||||
| Benefit (provision) for income taxes | 27\u00a0 | (5) | 17\u00a0 | 40\u00a0 | ||||||||||
| Earnings (loss) of discontinued operations, net of taxes | (102) | 16\u00a0 | (24) | (110) | ||||||||||
| Gain (loss) on disposal before income taxes | \u2014\u00a0 | \u2014\u00a0 | 21\u00a0 | 21\u00a0 | ||||||||||
| Benefit (provision) for income taxes | \u2014\u00a0 | \u2014\u00a0 | (1) | (1) | ||||||||||
| Gain (loss) on disposal, net of taxes | \u2014\u00a0 | \u2014\u00a0 | 19\u00a0 | 19\u00a0 | ||||||||||
| Earnings (loss) from discontinued operations, net of taxes | $ | (102) | $ | 16\u00a0 | $ | (4) | $ | (91) |
For the year ended December 31, 2023 | GE Vernova | GE HealthCare | Bank BPH & Other | Total | ||||||||||
| Total revenue | $ | 33,265\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 33,265\u00a0 | ||||||
| Cost of equipment and services sold | (28,205) | \u2014\u00a0 | \u2014\u00a0 | (28,205) | ||||||||||
| Other income, costs and expenses | (5,306) | (50) | (1,252) | (6,607) | ||||||||||
| Earnings (loss) of discontinued operations before income taxes | (246) | (50) | (1,252) | (1,547) | ||||||||||
| Benefit (provision) for income taxes | (171) | 1,706\u00a0 | 4\u00a0 | 1,539\u00a0 | ||||||||||
Earnings (loss) of discontinued operations, net of taxes | (417) | 1,656\u00a0 | (1,248) | (8) | ||||||||||
| Gain (loss) on disposal before income taxes | \u2014\u00a0 | \u2014\u00a0 | 6\u00a0 | 6\u00a0 | ||||||||||
| Benefit (provision) for income taxes | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | ||||||||||
| Gain (loss) on disposal, net of taxes | \u2014\u00a0 | \u2014\u00a0 | 6\u00a0 | 6\u00a0 | ||||||||||
| Earnings (loss) from discontinued operations, net of taxes | $ | (417) | $ | 1,656\u00a0 | $ | (1,242) | $ | (3) |
For the year ended December 31, 2022 | GE Vernova | GE HealthCare | Bank BPH & Other | Total | ||||||||||
| Total revenue | $ | 29,645\u00a0 | $ | 18,457\u00a0 | $ | \u2014\u00a0 | $ | 48,102\u00a0 | ||||||
| Cost of equipment and services sold | (25,981) | (11,265) | \u2014\u00a0 | (37,246) | ||||||||||
| Other income, costs and expenses | (5,985) | (4,842) | (808) | (11,636) | ||||||||||
| Earnings (loss) of discontinued operations before income taxes | (2,322) | 2,350\u00a0 | (808) | (780) | ||||||||||
| Benefit (provision) for income taxes | 171\u00a0 | (521) | (32) | (382) | ||||||||||
Earnings (loss) of discontinued operations, net of taxes | (2,151) | 1,829\u00a0 | (841) | (1,163) | ||||||||||
| Gain (loss) on disposal before income taxes | \u2014\u00a0 | 6\u00a0 | 58\u00a0 | 64\u00a0 | ||||||||||
| Benefit (provision) for income taxes | \u2014\u00a0 | 11\u00a0 | 139\u00a0 | 150\u00a0 | ||||||||||
| Gain (loss) on disposal, net of taxes | \u2014\u00a0 | 17\u00a0 | 196\u00a0 | 213\u00a0 | ||||||||||
| Earnings (loss) from discontinued operations, net of taxes | $ | (2,151) | $ | 1,846\u00a0 | $ | (644) | $ | (949) |
| ASSETS AND LIABILITIES OF DISCONTINUED OPERATIONS | December 31, 2024 | December 31, 2023 | ||||||
Cash, cash equivalents and restricted cash(a) | $ | 1,327\u00a0 | $ | 3,762\u00a0 | ||||
| Current receivables | 13\u00a0 | 7,324\u00a0 | ||||||
| Inventories, including deferred inventory costs | \u2014\u00a0 | 8,245\u00a0 | ||||||
| Goodwill | \u2014\u00a0 | 4,437\u00a0 | ||||||
| Other intangible assets - net | \u2014\u00a0 | 1,053\u00a0 | ||||||
| Contract and other deferred assets | \u2014\u00a0 | 8,959\u00a0 | ||||||
| \u00a0Property, plant, and equipment - net | 40\u00a0 | 5,306\u00a0 | ||||||
All other assets | 438\u00a0 | 5,750\u00a0 | ||||||
| Deferred income taxes | 24\u00a0 | 3,093\u00a0 | ||||||
| Assets of discontinued operations(b)(c) | $ | 1,841\u00a0 | $ | 47,927\u00a0 | ||||
Accounts payable | $ | 30\u00a0 | $ | 8,475\u00a0 | ||||
| Contract liabilities, progress collections & deferred income | \u2014\u00a0 | 15,255\u00a0 | ||||||
| Long-term borrowings | \u2014\u00a0 | 294\u00a0 | ||||||
| Non-current compensation and benefits | 33\u00a0 | 3,589\u00a0 | ||||||
All other liabilities | 1,254\u00a0 | 11,600\u00a0 | ||||||
Liabilities of discontinued operations(b)(c) | $ | 1,317\u00a0 | $ | 39,213\u00a0 |
| December 31, 2024 | December 31, 2023 | ||||||||||||||||||||||||||||
| Amortized cost | Gross unrealized gains | Gross unrealized losses | Estimated fair value | Amortized cost | Gross unrealized gains | Gross unrealized losses | Estimated fair value | ||||||||||||||||||||||
Equity (GE HealthCare) | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 4,761\u00a0 | |||||||||||||
| Equity note (AerCap) | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 982\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 944\u00a0 | |||||||||||||||||||||
| Current investment securities | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 982\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 5,706\u00a0 | |||||||||||||
| Debt | |||||||||||||||||||||||||||||
| U.S. corporate | $ | 28,456\u00a0 | $ | 546\u00a0 | $ | (2,309) | $ | 26,692\u00a0 | $ | 27,495\u00a0 | $ | 1,034\u00a0 | $ | (1,606) | $ | 26,923\u00a0 | |||||||||||||
| Non-U.S. corporate | 2,970\u00a0 | 23\u00a0 | (302) | 2,691\u00a0 | 2,529\u00a0 | 34\u00a0 | (209) | 2,353\u00a0 | |||||||||||||||||||||
| State and municipal | 2,409\u00a0 | 22\u00a0 | (235) | 2,196\u00a0 | 2,828\u00a0 | 79\u00a0 | (185) | 2,723\u00a0 | |||||||||||||||||||||
| Mortgage and asset-backed | 5,007\u00a0 | 47\u00a0 | (183) | 4,870\u00a0 | 4,827\u00a0 | 34\u00a0 | (291) | 4,571\u00a0 | |||||||||||||||||||||
| Government and agencies | 1,180\u00a0 | 4\u00a0 | (118) | 1,066\u00a0 | 1,213\u00a0 | 3\u00a0 | (116) | 1,100\u00a0 | |||||||||||||||||||||
| Other equity | 225\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 225\u00a0 | 331\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 331\u00a0 | |||||||||||||||||||||
| Non-current investment securities | $ | 40,248\u00a0 | $ | 641\u00a0 | $ | (3,148) | $ | 37,741\u00a0 | $ | 39,222\u00a0 | $ | 1,183\u00a0 | $ | (2,406) | $ | 38,000\u00a0 | |||||||||||||
| For the years ended December 31 | 2024 | 2023 | 2022 | ||||||||
| Net unrealized gains (losses) for equity securities with readily determinable fair value (RDFV) | $ | 320\u00a0 | $ | 6,413\u00a0 | $ | (42) | |||||
| Proceeds from debt/equity securities sales and early redemptions | 9,099\u00a0 | 12,595\u00a0 | 7,240\u00a0 | ||||||||
| Gross realized gains on debt securities | 75\u00a0 | 52\u00a0 | 34\u00a0 | ||||||||
| Gross realized losses on debt securities | (66) | (66) | (42) |
| For the years ended December 31 | 2024 | 2023 | ||||||
| Purchases of investment securities | $ | (7,132) | $ | (5,163) | ||||
| Dispositions and maturities of investment securities | 6,168\u00a0 | 4,176\u00a0 | ||||||
| Net (purchases) dispositions of insurance investment securities | $ | (963) | $ | (986) |
| Amortized cost | Estimated fair value | |||||||
| Within one year | $ | 814\u00a0 | $ | 814\u00a0 | ||||
| After one year through five years | 4,003\u00a0 | 4,065\u00a0 | ||||||
| After five years through ten years | 5,160\u00a0 | 5,160\u00a0 | ||||||
| After ten years | 25,039\u00a0 | 22,607\u00a0 |
| December 31, 2024 | December 31, 2023 | ||||||||||||||||||||||||||||
| Amortized cost | Gross unrealized gains | Gross unrealized losses | Estimated fair value | Amortized cost | Gross unrealized gains | Gross unrealized losses | Estimated fair value | ||||||||||||||||||||||
Equity (GE HealthCare) | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 4,761\u00a0 | |||||||||||||
| Equity note (AerCap) | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 982\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 944\u00a0 | |||||||||||||||||||||
| Current investment securities | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 982\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 5,706\u00a0 | |||||||||||||
| Debt | |||||||||||||||||||||||||||||
| U.S. corporate | $ | 28,456\u00a0 | $ | 546\u00a0 | $ | (2,309) | $ | 26,692\u00a0 | $ | 27,495\u00a0 | $ | 1,034\u00a0 | $ | (1,606) | $ | 26,923\u00a0 | |||||||||||||
| Non-U.S. corporate | 2,970\u00a0 | 23\u00a0 | (302) | 2,691\u00a0 | 2,529\u00a0 | 34\u00a0 | (209) | 2,353\u00a0 | |||||||||||||||||||||
| State and municipal | 2,409\u00a0 | 22\u00a0 | (235) | 2,196\u00a0 | 2,828\u00a0 | 79\u00a0 | (185) | 2,723\u00a0 | |||||||||||||||||||||
| Mortgage and asset-backed | 5,007\u00a0 | 47\u00a0 | (183) | 4,870\u00a0 | 4,827\u00a0 | 34\u00a0 | (291) | 4,571\u00a0 | |||||||||||||||||||||
| Government and agencies | 1,180\u00a0 | 4\u00a0 | (118) | 1,066\u00a0 | 1,213\u00a0 | 3\u00a0 | (116) | 1,100\u00a0 | |||||||||||||||||||||
| Other equity | 225\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 225\u00a0 | 331\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 331\u00a0 | |||||||||||||||||||||
| Non-current investment securities | $ | 40,248\u00a0 | $ | 641\u00a0 | $ | (3,148) | $ | 37,741\u00a0 | $ | 39,222\u00a0 | $ | 1,183\u00a0 | $ | (2,406) | $ | 38,000\u00a0 | |||||||||||||
| For the years ended December 31 | 2024 | 2023 | 2022 | ||||||||
| Net unrealized gains (losses) for equity securities with readily determinable fair value (RDFV) | $ | 320\u00a0 | $ | 6,413\u00a0 | $ | (42) | |||||
| Proceeds from debt/equity securities sales and early redemptions | 9,099\u00a0 | 12,595\u00a0 | 7,240\u00a0 | ||||||||
| Gross realized gains on debt securities | 75\u00a0 | 52\u00a0 | 34\u00a0 | ||||||||
| Gross realized losses on debt securities | (66) | (66) | (42) |
| For the years ended December 31 | 2024 | 2023 | ||||||
| Purchases of investment securities | $ | (7,132) | $ | (5,163) | ||||
| Dispositions and maturities of investment securities | 6,168\u00a0 | 4,176\u00a0 | ||||||
| Net (purchases) dispositions of insurance investment securities | $ | (963) | $ | (986) |
| Amortized cost | Estimated fair value | |||||||
| Within one year | $ | 814\u00a0 | $ | 814\u00a0 | ||||
| After one year through five years | 4,003\u00a0 | 4,065\u00a0 | ||||||
| After five years through ten years | 5,160\u00a0 | 5,160\u00a0 | ||||||
| After ten years | 25,039\u00a0 | 22,607\u00a0 |
| CURRENT RECEIVABLES | ||||||||
| December 31 | 2024 | 2023 | ||||||
| Customer receivables | $ | 7,385\u00a0 | $ | 6,397\u00a0 | ||||
| Revenue sharing and other partner receivables(a) | 1,113\u00a0 | 1,252\u00a0 | ||||||
| Non-income based tax receivables | 128\u00a0 | 129\u00a0 | ||||||
| Supplier advances | 546\u00a0 | 401\u00a0 | ||||||
| Receivables from disposed businesses | 99\u00a0 | 121\u00a0 | ||||||
| Other sundry receivables | 162\u00a0 | 534\u00a0 | ||||||
| Allowance for credit losses | (106) | (132) | ||||||
| Total current receivables | $ | 9,327\u00a0 | $ | 8,703\u00a0 | ||||
| LONG-TERM RECEIVABLES | ||||||||
| December 31 | 2024 | 2023 | ||||||
Long-term customer receivables | $ | 122\u00a0 | $ | 163\u00a0 | ||||
| Supplier advances | 50\u00a0 | 32\u00a0 | ||||||
| Sundry receivables | 106\u00a0 | 158\u00a0 | ||||||
| Allowance for credit losses | (85) | (4) | ||||||
| Total long-term receivables | $ | 194\u00a0 | $ | 349\u00a0 |
| CURRENT RECEIVABLES | ||||||||
| December 31 | 2024 | 2023 | ||||||
| Customer receivables | $ | 7,385\u00a0 | $ | 6,397\u00a0 | ||||
| Revenue sharing and other partner receivables(a) | 1,113\u00a0 | 1,252\u00a0 | ||||||
| Non-income based tax receivables | 128\u00a0 | 129\u00a0 | ||||||
| Supplier advances | 546\u00a0 | 401\u00a0 | ||||||
| Receivables from disposed businesses | 99\u00a0 | 121\u00a0 | ||||||
| Other sundry receivables | 162\u00a0 | 534\u00a0 | ||||||
| Allowance for credit losses | (106) | (132) | ||||||
| Total current receivables | $ | 9,327\u00a0 | $ | 8,703\u00a0 | ||||
| LONG-TERM RECEIVABLES | ||||||||
| December 31 | 2024 | 2023 | ||||||
Long-term customer receivables | $ | 122\u00a0 | $ | 163\u00a0 | ||||
| Supplier advances | 50\u00a0 | 32\u00a0 | ||||||
| Sundry receivables | 106\u00a0 | 158\u00a0 | ||||||
| Allowance for credit losses | (85) | (4) | ||||||
| Total long-term receivables | $ | 194\u00a0 | $ | 349\u00a0 |
| December 31 | 2024 | 2023 | ||||||
Raw materials and work in process | $ | 7,372\u00a0 | $ | 6,531\u00a0 | ||||
| Finished goods | 1,459\u00a0 | 1,209\u00a0 | ||||||
| Deferred inventory costs(a) | 932\u00a0 | 544\u00a0 | ||||||
| Inventories, including deferred inventory costs | $ | 9,763\u00a0 | $ | 8,284\u00a0 |
| December 31 | 2024 | 2023 | ||||||
Raw materials and work in process | $ | 7,372\u00a0 | $ | 6,531\u00a0 | ||||
| Finished goods | 1,459\u00a0 | 1,209\u00a0 | ||||||
| Deferred inventory costs(a) | 932\u00a0 | 544\u00a0 | ||||||
| Inventories, including deferred inventory costs | $ | 9,763\u00a0 | $ | 8,284\u00a0 |
| Depreciable lives | Original Cost | Net Carrying Value | ||||||||||||||||||
| December 31 | (in years) | 2024 | 2023 | 2024 | 2023 | |||||||||||||||
| Land and improvements | 8 | $ | 131\u00a0 | $ | 128\u00a0 | $ | 129\u00a0 | $ | 126\u00a0 | |||||||||||
| Buildings, structures and related equipment | 8 - 40 | 3,146\u00a0 | 3,062\u00a0 | 1,369\u00a0 | 1,358\u00a0 | |||||||||||||||
| Machinery and equipment | 4 - 20 | 11,533\u00a0 | 11,160\u00a0 | 3,851\u00a0 | 3,876\u00a0 | |||||||||||||||
| Leasehold costs and manufacturing plant under construction | 1 - 10 | 1,084\u00a0 | 989\u00a0 | 872\u00a0 | 727\u00a0 | |||||||||||||||
| 1,057\u00a0 | 1,160\u00a0 | |||||||||||||||||||
| Property, plant and equipment - net | $ | 15,894\u00a0 | $ | 15,338\u00a0 | $ | 7,277\u00a0 | $ | 7,246\u00a0 |
| Property, plant and equipment additions | Depreciation and amortization | ||||||||||||||||||||||
| December 31 | 2024 | 2023 | 2022 | 2024 | 2023 | 2022 | |||||||||||||||||
| Commercial Engines & Services | $ | 431\u00a0 | $ | 343\u00a0 | $ | 160\u00a0 | $ | 370\u00a0 | $ | 356\u00a0 | $ | 362\u00a0 | |||||||||||
| Defense & Propulsion Technologies | 135\u00a0 | 145\u00a0 | 149\u00a0 | 150\u00a0 | 147\u00a0 | 144\u00a0 | |||||||||||||||||
| Corporate and Other (including supply chain) | 353\u00a0 | 278\u00a0 | 265\u00a0 | 314\u00a0 | 294\u00a0 | 341\u00a0 | |||||||||||||||||
| Total | $ | 920\u00a0 | $ | 766\u00a0 | $ | 574\u00a0 | $ | 834\u00a0 | $ | 797\u00a0 | $ | 846\u00a0 |
| OPERATING LEASE EXPENSE | 2024 | 2023 | 2022 | ||||||||
| Long-term (fixed) | $ | 326\u00a0 | $ | 364\u00a0 | $ | 428\u00a0 | |||||
| Long-term (variable) | 111\u00a0 | 26\u00a0 | 13\u00a0 | ||||||||
| Short-term | 45\u00a0 | 115\u00a0 | 88\u00a0 | ||||||||
| Total operating lease expense | $ | 482\u00a0 | $ | 506\u00a0 | $ | 529\u00a0 |
| MATURITY OF LEASE LIABILITIES | 2025 | 2026 | 2027 | 2028 | 2029 | Thereafter | Total | ||||||||||||||||
| Undiscounted lease payments | $ | 276\u00a0 | $ | 239\u00a0 | $ | 185\u00a0 | $ | 143\u00a0 | $ | 128\u00a0 | $ | 398\u00a0 | $ | 1,369\u00a0 | |||||||||
| Less: imputed interest | (247) | ||||||||||||||||||||||
Total lease liability as of December 31, 2024 | $ | 1,122\u00a0 |
| SUPPLEMENTAL INFORMATION RELATED TO OPERATING LEASES | 2024 | 2023 | 2022 | ||||||||
| Operating cash flows used for operating leases | $ | 352\u00a0 | $ | 427\u00a0 | $ | 456\u00a0 | |||||
| Right-of-use assets obtained in exchange for new lease liabilities | 196\u00a0 | 275\u00a0 | 264\u00a0 | ||||||||
| Weighted-average remaining lease term | 7.8 years | 7.7 years | 8.4 years | ||||||||
| Weighted-average discount rate | 4.6\u00a0 | % | 4.5\u00a0 | % | 4.4\u00a0 | % |
| Depreciable lives | Original Cost | Net Carrying Value | ||||||||||||||||||
| December 31 | (in years) | 2024 | 2023 | 2024 | 2023 | |||||||||||||||
| Land and improvements | 8 | $ | 131\u00a0 | $ | 128\u00a0 | $ | 129\u00a0 | $ | 126\u00a0 | |||||||||||
| Buildings, structures and related equipment | 8 - 40 | 3,146\u00a0 | 3,062\u00a0 | 1,369\u00a0 | 1,358\u00a0 | |||||||||||||||
| Machinery and equipment | 4 - 20 | 11,533\u00a0 | 11,160\u00a0 | 3,851\u00a0 | 3,876\u00a0 | |||||||||||||||
| Leasehold costs and manufacturing plant under construction | 1 - 10 | 1,084\u00a0 | 989\u00a0 | 872\u00a0 | 727\u00a0 | |||||||||||||||
| 1,057\u00a0 | 1,160\u00a0 | |||||||||||||||||||
| Property, plant and equipment - net | $ | 15,894\u00a0 | $ | 15,338\u00a0 | $ | 7,277\u00a0 | $ | 7,246\u00a0 |
| Property, plant and equipment additions | Depreciation and amortization | ||||||||||||||||||||||
| December 31 | 2024 | 2023 | 2022 | 2024 | 2023 | 2022 | |||||||||||||||||
| Commercial Engines & Services | $ | 431\u00a0 | $ | 343\u00a0 | $ | 160\u00a0 | $ | 370\u00a0 | $ | 356\u00a0 | $ | 362\u00a0 | |||||||||||
| Defense & Propulsion Technologies | 135\u00a0 | 145\u00a0 | 149\u00a0 | 150\u00a0 | 147\u00a0 | 144\u00a0 | |||||||||||||||||
| Corporate and Other (including supply chain) | 353\u00a0 | 278\u00a0 | 265\u00a0 | 314\u00a0 | 294\u00a0 | 341\u00a0 | |||||||||||||||||
| Total | $ | 920\u00a0 | $ | 766\u00a0 | $ | 574\u00a0 | $ | 834\u00a0 | $ | 797\u00a0 | $ | 846\u00a0 |
| OPERATING LEASE EXPENSE | 2024 | 2023 | 2022 | ||||||||
| Long-term (fixed) | $ | 326\u00a0 | $ | 364\u00a0 | $ | 428\u00a0 | |||||
| Long-term (variable) | 111\u00a0 | 26\u00a0 | 13\u00a0 | ||||||||
| Short-term | 45\u00a0 | 115\u00a0 | 88\u00a0 | ||||||||
| Total operating lease expense | $ | 482\u00a0 | $ | 506\u00a0 | $ | 529\u00a0 |
| SUPPLEMENTAL INFORMATION RELATED TO OPERATING LEASES | 2024 | 2023 | 2022 | ||||||||
| Operating cash flows used for operating leases | $ | 352\u00a0 | $ | 427\u00a0 | $ | 456\u00a0 | |||||
| Right-of-use assets obtained in exchange for new lease liabilities | 196\u00a0 | 275\u00a0 | 264\u00a0 | ||||||||
| Weighted-average remaining lease term | 7.8 years | 7.7 years | 8.4 years | ||||||||
| Weighted-average discount rate | 4.6\u00a0 | % | 4.5\u00a0 | % | 4.4\u00a0 | % |
| MATURITY OF LEASE LIABILITIES | 2025 | 2026 | 2027 | 2028 | 2029 | Thereafter | Total | ||||||||||||||||
| Undiscounted lease payments | $ | 276\u00a0 | $ | 239\u00a0 | $ | 185\u00a0 | $ | 143\u00a0 | $ | 128\u00a0 | $ | 398\u00a0 | $ | 1,369\u00a0 | |||||||||
| Less: imputed interest | (247) | ||||||||||||||||||||||
Total lease liability as of December 31, 2024 | $ | 1,122\u00a0 |
| Commercial Engines & Services | Defense & Propulsion Technologies | Total | |||||||||
Balance at December 31, 2022 | $ | 6,386\u00a0 | $ | 2,449\u00a0 | $ | 8,835\u00a0 | |||||
Goodwill adjustments(a) | 86\u00a0 | 26\u00a0 | 113\u00a0 | ||||||||
Balance at December 31, 2023 | $ | 6,472\u00a0 | $ | 2,476\u00a0 | $ | 8,948\u00a0 | |||||
| Goodwill impairment | \u2014\u00a0 | (251) | (251) | ||||||||
Goodwill adjustments(a) | (131) | (28) | (159) | ||||||||
Balance at December 31, 2024 | $ | 6,341\u00a0 | $ | 2,197\u00a0 | $ | 8,538\u00a0 |
| 2024 | 2023 | |||||||||||||||||||||||||
INTANGIBLE ASSETS SUBJECT TO AMORTIZATION December 31 | Useful lives (in years) | Gross carrying amount | Accumulated amortization | Net | Gross carrying amount | Accumulated amortization | Net | |||||||||||||||||||
| Customer-related(a) | 3-15 | $ | 3,850\u00a0 | $ | (2,083) | $ | 1,767\u00a0 | $ | 3,845\u00a0 | $ | (1,898) | $ | 1,947\u00a0 | |||||||||||||
| Patents and technology | 5-15 | 2,744\u00a0 | (759) | 1,985\u00a0 | 3,000\u00a0 | (814) | 2,186\u00a0 | |||||||||||||||||||
| Capitalized software | 5 | 1,296\u00a0 | (803) | 493\u00a0 | 1,287\u00a0 | (796) | 491\u00a0 | |||||||||||||||||||
| Trademarks & other | 13 | 70\u00a0 | (58) | 13\u00a0 | 73\u00a0 | (55) | 18\u00a0 | |||||||||||||||||||
| Total | $ | 7,960\u00a0 | $ | (3,703) | $ | 4,257\u00a0 | $ | 8,205\u00a0 | $ | (3,563) | $ | 4,642\u00a0 |
| ESTIMATED 5 YEAR CONSOLIDATED AMORTIZATION | 2025 | 2026 | 2027 | 2028 | 2029 | ||||||||||||
| Estimated annual pre-tax amortization | $ | 348\u00a0 | $ | 343\u00a0 | $ | 329\u00a0 | $ | 322\u00a0 | $ | 323\u00a0 |
| Commercial Engines & Services | Defense & Propulsion Technologies | Total | |||||||||
Balance at December 31, 2022 | $ | 6,386\u00a0 | $ | 2,449\u00a0 | $ | 8,835\u00a0 | |||||
Goodwill adjustments(a) | 86\u00a0 | 26\u00a0 | 113\u00a0 | ||||||||
Balance at December 31, 2023 | $ | 6,472\u00a0 | $ | 2,476\u00a0 | $ | 8,948\u00a0 | |||||
| Goodwill impairment | \u2014\u00a0 | (251) | (251) | ||||||||
Goodwill adjustments(a) | (131) | (28) | (159) | ||||||||
Balance at December 31, 2024 | $ | 6,341\u00a0 | $ | 2,197\u00a0 | $ | 8,538\u00a0 |
| 2024 | 2023 | |||||||||||||||||||||||||
INTANGIBLE ASSETS SUBJECT TO AMORTIZATION December 31 | Useful lives (in years) | Gross carrying amount | Accumulated amortization | Net | Gross carrying amount | Accumulated amortization | Net | |||||||||||||||||||
| Customer-related(a) | 3-15 | $ | 3,850\u00a0 | $ | (2,083) | $ | 1,767\u00a0 | $ | 3,845\u00a0 | $ | (1,898) | $ | 1,947\u00a0 | |||||||||||||
| Patents and technology | 5-15 | 2,744\u00a0 | (759) | 1,985\u00a0 | 3,000\u00a0 | (814) | 2,186\u00a0 | |||||||||||||||||||
| Capitalized software | 5 | 1,296\u00a0 | (803) | 493\u00a0 | 1,287\u00a0 | (796) | 491\u00a0 | |||||||||||||||||||
| Trademarks & other | 13 | 70\u00a0 | (58) | 13\u00a0 | 73\u00a0 | (55) | 18\u00a0 | |||||||||||||||||||
| Total | $ | 7,960\u00a0 | $ | (3,703) | $ | 4,257\u00a0 | $ | 8,205\u00a0 | $ | (3,563) | $ | 4,642\u00a0 |
| ESTIMATED 5 YEAR CONSOLIDATED AMORTIZATION | 2025 | 2026 | 2027 | 2028 | 2029 | ||||||||||||
| Estimated annual pre-tax amortization | $ | 348\u00a0 | $ | 343\u00a0 | $ | 329\u00a0 | $ | 322\u00a0 | $ | 323\u00a0 |
| CONTRACT ASSETS, LIABILITIES AND OTHER DEFERRED ASSETS AND INCOME | December 31, 2024 | December 31, 2023 | ||||||
Long-term service agreements | $ | 2,374\u00a0 | $ | 2,377\u00a0 | ||||
| Equipment and other service agreements | 609\u00a0 | 498\u00a0 | ||||||
Current contract assets | $ | 2,982\u00a0 | $ | 2,875\u00a0 | ||||
Nonrecurring engineering costs(a) | $ | 2,438\u00a0 | $ | 2,444\u00a0 | ||||
Customer advances and other(b) | 2,393\u00a0 | 2,342\u00a0 | ||||||
| Contract and other deferred assets | 4,831\u00a0 | 4,785\u00a0 | ||||||
| Total contract and other deferred assets | $ | 7,814\u00a0 | $ | 7,660\u00a0 | ||||
Long-term service agreement liabilities | $ | 8,994\u00a0 | $ | 7,902\u00a0 | ||||
| Current deferred income | 359\u00a0 | 420\u00a0 | ||||||
| Contract liabilities and current deferred income | $ | 9,353\u00a0 | $ | 8,322\u00a0 | ||||
| Non-current deferred income | 1,013\u00a0 | 975\u00a0 | ||||||
| Total contract liabilities and deferred income | $ | 10,366\u00a0 | $ | 9,297\u00a0 | ||||
| Contract assets (liabilities) and other deferred assets (income) | $ | (2,552) | $ | (1,637) |
| CONTRACT ASSETS, LIABILITIES AND OTHER DEFERRED ASSETS AND INCOME | December 31, 2024 | December 31, 2023 | ||||||
Long-term service agreements | $ | 2,374\u00a0 | $ | 2,377\u00a0 | ||||
| Equipment and other service agreements | 609\u00a0 | 498\u00a0 | ||||||
Current contract assets | $ | 2,982\u00a0 | $ | 2,875\u00a0 | ||||
Nonrecurring engineering costs(a) | $ | 2,438\u00a0 | $ | 2,444\u00a0 | ||||
Customer advances and other(b) | 2,393\u00a0 | 2,342\u00a0 | ||||||
| Contract and other deferred assets | 4,831\u00a0 | 4,785\u00a0 | ||||||
| Total contract and other deferred assets | $ | 7,814\u00a0 | $ | 7,660\u00a0 | ||||
Long-term service agreement liabilities | $ | 8,994\u00a0 | $ | 7,902\u00a0 | ||||
| Current deferred income | 359\u00a0 | 420\u00a0 | ||||||
| Contract liabilities and current deferred income | $ | 9,353\u00a0 | $ | 8,322\u00a0 | ||||
| Non-current deferred income | 1,013\u00a0 | 975\u00a0 | ||||||
| Total contract liabilities and deferred income | $ | 10,366\u00a0 | $ | 9,297\u00a0 | ||||
| Contract assets (liabilities) and other deferred assets (income) | $ | (2,552) | $ | (1,637) |
| December 31 | 2024 | 2023 | |||||||||||||||
| Maturities | Amount | Average Rate | Amount | Average Rate | |||||||||||||
| Current portion of long-term borrowings | |||||||||||||||||
| \u00a0\u00a0\u00a0Senior unsecured | 2025 | $ | 1,952\u00a0 | 4.03\u00a0 | % | $1,044 | 3.99\u00a0 | % | |||||||||
| \u00a0\u00a0\u00a0Subordinated notes and other | 2025 | 87\u00a0 | 27\u00a0 | ||||||||||||||
| Other short-term | \u2014\u00a0 | 37\u00a0 | |||||||||||||||
| Total short-term borrowings | $ | 2,039\u00a0 | $ | 1,108\u00a0 | |||||||||||||
| Maturities | Amount | Average Rate | Amount | Average Rate | |||||||||||||
| Senior unsecured | 2026 - 2055 | $ | 15,467\u00a0 | 4.03\u00a0 | % | $ | 17,509\u00a0 | 3.99\u00a0 | % | ||||||||
| Subordinated notes | 2035 - 2037 | 1,330\u00a0 | 4.43\u00a0 | % | 1,383\u00a0 | 4.43\u00a0 | % | ||||||||||
| Other | 437\u00a0 | 525\u00a0 | |||||||||||||||
| Total long-term borrowings | $ | 17,234\u00a0 | $ | 19,417\u00a0 | |||||||||||||
| Total borrowings | $ | 19,273\u00a0 | $ | 20,525\u00a0 |
| 2025 | 2026 | 2027 | 2028 | 2029 | Thereafter | Total | ||||||||||||||||||||
| Long-term debt maturities | 2,039\u00a0 | (a) | 1,304\u00a0 | 1,493\u00a0 | 452\u00a0 | 1,445\u00a0 | 12,540\u00a0 | 19,273\u00a0 |
| December 31 | 2024 | 2023 | |||||||||||||||
| Maturities | Amount | Average Rate | Amount | Average Rate | |||||||||||||
| Current portion of long-term borrowings | |||||||||||||||||
| \u00a0\u00a0\u00a0Senior unsecured | 2025 | $ | 1,952\u00a0 | 4.03\u00a0 | % | $1,044 | 3.99\u00a0 | % | |||||||||
| \u00a0\u00a0\u00a0Subordinated notes and other | 2025 | 87\u00a0 | 27\u00a0 | ||||||||||||||
| Other short-term | \u2014\u00a0 | 37\u00a0 | |||||||||||||||
| Total short-term borrowings | $ | 2,039\u00a0 | $ | 1,108\u00a0 | |||||||||||||
| Maturities | Amount | Average Rate | Amount | Average Rate | |||||||||||||
| Senior unsecured | 2026 - 2055 | $ | 15,467\u00a0 | 4.03\u00a0 | % | $ | 17,509\u00a0 | 3.99\u00a0 | % | ||||||||
| Subordinated notes | 2035 - 2037 | 1,330\u00a0 | 4.43\u00a0 | % | 1,383\u00a0 | 4.43\u00a0 | % | ||||||||||
| Other | 437\u00a0 | 525\u00a0 | |||||||||||||||
| Total long-term borrowings | $ | 17,234\u00a0 | $ | 19,417\u00a0 | |||||||||||||
| Total borrowings | $ | 19,273\u00a0 | $ | 20,525\u00a0 |
| 2025 | 2026 | 2027 | 2028 | 2029 | Thereafter | Total | ||||||||||||||||||||
| Long-term debt maturities | 2,039\u00a0 | (a) | 1,304\u00a0 | 1,493\u00a0 | 452\u00a0 | 1,445\u00a0 | 12,540\u00a0 | 19,273\u00a0 |
| December 31 | 2024 | 2023 | ||||||
| Trade payables | $ | 6,254\u00a0 | $ | 5,290\u00a0 | ||||
| 1,259\u00a0 | 1,472\u00a0 | |||||||
Sundry payables | 397\u00a0 | 754\u00a0 | ||||||
Accounts payable | $ | 7,909\u00a0 | $ | 7,516\u00a0 |
| December 31 | 2024 | 2023 | ||||||
| Trade payables | $ | 6,254\u00a0 | $ | 5,290\u00a0 | ||||
| 1,259\u00a0 | 1,472\u00a0 | |||||||
Sundry payables | 397\u00a0 | 754\u00a0 | ||||||
Accounts payable | $ | 7,909\u00a0 | $ | 7,516\u00a0 |
December 31, 2024 | Long-term care | Structured settlement annuities | Life | Other contracts | Total | ||||||||||||
Future policy benefit reserves | $ | 24,675\u00a0 | $ | 8,426\u00a0 | $ | 1,018\u00a0 | $ | 357\u00a0 | $ | 34,476\u00a0 | |||||||
Investment contracts | \u2014\u00a0 | 719\u00a0 | \u2014\u00a0 | 621\u00a0 | 1,340\u00a0 | ||||||||||||
Other | \u2014\u00a0 | \u2014\u00a0 | 116\u00a0 | 277\u00a0 | 394\u00a0 | ||||||||||||
Total | $ | 24,675\u00a0 | $ | 9,145\u00a0 | $ | 1,134\u00a0 | $ | 1,254\u00a0 | $ | 36,209\u00a0 |
December 31, 2023 | |||||||||||||||||
Future policy benefit reserves | $ | 26,832\u00a0 | $ | 9,357\u00a0 | $ | 1,117\u00a0 | $ | 382\u00a0 | $ | 37,689\u00a0 | |||||||
Investment contracts | \u2014\u00a0 | 793\u00a0 | \u2014\u00a0 | 694\u00a0 | 1,487\u00a0 | ||||||||||||
Other | \u2014\u00a0 | \u2014\u00a0 | 116\u00a0 | 285\u00a0 | 400\u00a0 | ||||||||||||
Total | $ | 26,832\u00a0 | $ | 10,150\u00a0 | $ | 1,233\u00a0 | $ | 1,361\u00a0 | $ | 39,576\u00a0 |
| December 31, 2024 | December 31, 2023 | ||||||||||||||||||||||
| Present value of expected net premiums | Long-term care | Structured settlement annuities | Life | Long-term care | Structured settlement annuities | Life | |||||||||||||||||
| Balance, beginning of year | $ | 4,063\u00a0 | $ | \u2014\u00a0 | $ | 4,803\u00a0 | $ | 4,059\u00a0 | $ | \u2014\u00a0 | $ | 4,828\u00a0 | |||||||||||
| Beginning balance at locked-in discount rate | 3,745\u00a0 | \u2014\u00a0 | 4,773\u00a0 | 3,958\u00a0 | \u2014\u00a0 | 5,210\u00a0 | |||||||||||||||||
| Effect of changes in cash flow assumptions | 465\u00a0 | \u2014\u00a0 | (1) | (4) | \u2014\u00a0 | (77) | |||||||||||||||||
| Effect of actual variances from expected experience | (26) | \u2014\u00a0 | 8\u00a0 | (22) | \u2014\u00a0 | (300) | |||||||||||||||||
| Adjusted beginning of year balance | 4,184\u00a0 | \u2014\u00a0 | 4,780\u00a0 | 3,932\u00a0 | \u2014\u00a0 | 4,833\u00a0 | |||||||||||||||||
| Interest accrual | 209\u00a0 | \u2014\u00a0 | 177\u00a0 | 207\u00a0 | \u2014\u00a0 | 192\u00a0 | |||||||||||||||||
| Net premiums collected | (403) | \u2014\u00a0 | (309) | (394) | \u2014\u00a0 | (315) | |||||||||||||||||
| Effect of foreign currency | \u2014\u00a0 | \u2014\u00a0 | (234) | \u2014\u00a0 | \u2014\u00a0 | 64\u00a0 | |||||||||||||||||
| Ending balance at locked-in discount rate | 3,991\u00a0 | \u2014\u00a0 | 4,415\u00a0 | 3,745\u00a0 | \u2014\u00a0 | 4,773\u00a0 | |||||||||||||||||
| Effect of changes in discount rate assumptions | 154\u00a0 | \u2014\u00a0 | (97) | 318\u00a0 | \u2014\u00a0 | 30\u00a0 | |||||||||||||||||
| Balance, end of year | $ | 4,144\u00a0 | $ | \u2014\u00a0 | $ | 4,318\u00a0 | $ | 4,063\u00a0 | $ | \u2014\u00a0 | $ | 4,803\u00a0 | |||||||||||
| Present value of expected future policy benefits | |||||||||||||||||||||||
| Balance, beginning of year | $ | 30,895\u00a0 | $ | 9,357\u00a0 | $ | 5,921\u00a0 | $ | 28,316\u00a0 | $ | 8,860\u00a0 | $ | 5,868\u00a0 | |||||||||||
| Beginning balance at locked-in discount rate | 27,144\u00a0 | 8,561\u00a0 | 5,847\u00a0 | 27,026\u00a0 | 8,790\u00a0 | 6,247\u00a0 | |||||||||||||||||
| Effect of changes in cash flow assumptions | 238\u00a0 | \u2014\u00a0 | 24\u00a0 | (45) | (16) | 49\u00a0 | |||||||||||||||||
| Effect of actual variances from expected experience | 25\u00a0 | (36) | (1) | (13) | 19\u00a0 | (241) | |||||||||||||||||
| Adjusted beginning of year balance | 27,406\u00a0 | 8,525\u00a0 | 5,870\u00a0 | 26,968\u00a0 | 8,793\u00a0 | 6,055\u00a0 | |||||||||||||||||
| Interest accrual | 1,485\u00a0 | 441\u00a0 | 218\u00a0 | 1,454\u00a0 | 454\u00a0 | 232\u00a0 | |||||||||||||||||
| Benefit payments | (1,443) | (664) | (430) | (1,278) | (687) | (508) | |||||||||||||||||
| Effect of foreign currency | \u2014\u00a0 | \u2014\u00a0 | (246) | \u2014\u00a0 | \u2014\u00a0 | 67\u00a0 | |||||||||||||||||
| Ending balance at locked-in discount rate | 27,448\u00a0 | 8,301\u00a0 | 5,411\u00a0 | 27,144\u00a0 | 8,561\u00a0 | 5,847\u00a0 | |||||||||||||||||
| \u00a0\u00a0Effect of changes in discount rate assumptions | 1,371\u00a0 | 125\u00a0 | (76) | 3,752\u00a0 | 797\u00a0 | 74\u00a0 | |||||||||||||||||
| Balance, end of year | $ | 28,820\u00a0 | $ | 8,426\u00a0 | $ | 5,336\u00a0 | $ | 30,895\u00a0 | $ | 9,357\u00a0 | $ | 5,921\u00a0 | |||||||||||
| Net future policy benefit reserves | $ | 24,675\u00a0 | $ | 8,426\u00a0 | $ | 1,018\u00a0 | $ | 26,832\u00a0 | $ | 9,357\u00a0 | $ | 1,117\u00a0 | |||||||||||
| Less: Reinsurance recoverables, net of allowance for credit losses | (169) | \u2014\u00a0 | (32) | (166) | \u2014\u00a0 | (33) | |||||||||||||||||
| Net future policy benefit reserves, after reinsurance recoverables | $ | 24,507\u00a0 | $ | 8,426\u00a0 | $ | 985\u00a0 | $ | 26,666\u00a0 | $ | 9,357\u00a0 | $ | 1,084\u00a0 | |||||||||||
| Weighted-average duration of liability (years)(a) | 11.7 | 10.3 | 5.3 | 12.8 | 11.3 | 5.3 | |||||||||||||||||
| Weighted-average interest accretion rate | 5.6% | 5.4% | 5.1% | 5.5% | 5.4% | 5.0% | |||||||||||||||||
| Current discount rate | 5.6% | 5.5% | 5.1% | 4.9% | 4.8% | 4.7% | |||||||||||||||||
| Gross premiums or assessments recognized during period | $ | 479\u00a0 | $ | \u2014\u00a0 | $ | 353\u00a0 | $ | 496\u00a0 | $ | \u2014\u00a0 | $ | 363\u00a0 | |||||||||||
| Expected future gross premiums, undiscounted | 7,548\u00a0 | \u2014\u00a0 | 11,343\u00a0 | 7,379\u00a0 | \u2014\u00a0 | 12,388\u00a0 | |||||||||||||||||
| Expected future gross premiums, discounted(a) | 4,745\u00a0 | \u2014\u00a0 | 5,205\u00a0 | 4,895\u00a0 | \u2014\u00a0 | 5,800\u00a0 | |||||||||||||||||
| Expected future benefit payments, undiscounted | 62,001\u00a0 | 18,589\u00a0 | 10,336\u00a0 | 63,126\u00a0 | 19,291\u00a0 | 11,202\u00a0 | |||||||||||||||||
| Expected future benefit payments, discounted(a) | 28,820\u00a0 | 8,426\u00a0 | 5,336\u00a0 | 30,895\u00a0 | 9,357\u00a0 | 5,921\u00a0 |
December 31, 2024 | Long-term care | Structured settlement annuities | Life | Other contracts | Total | ||||||||||||
Future policy benefit reserves | $ | 24,675\u00a0 | $ | 8,426\u00a0 | $ | 1,018\u00a0 | $ | 357\u00a0 | $ | 34,476\u00a0 | |||||||
Investment contracts | \u2014\u00a0 | 719\u00a0 | \u2014\u00a0 | 621\u00a0 | 1,340\u00a0 | ||||||||||||
Other | \u2014\u00a0 | \u2014\u00a0 | 116\u00a0 | 277\u00a0 | 394\u00a0 | ||||||||||||
Total | $ | 24,675\u00a0 | $ | 9,145\u00a0 | $ | 1,134\u00a0 | $ | 1,254\u00a0 | $ | 36,209\u00a0 |
December 31, 2023 | |||||||||||||||||
Future policy benefit reserves | $ | 26,832\u00a0 | $ | 9,357\u00a0 | $ | 1,117\u00a0 | $ | 382\u00a0 | $ | 37,689\u00a0 | |||||||
Investment contracts | \u2014\u00a0 | 793\u00a0 | \u2014\u00a0 | 694\u00a0 | 1,487\u00a0 | ||||||||||||
Other | \u2014\u00a0 | \u2014\u00a0 | 116\u00a0 | 285\u00a0 | 400\u00a0 | ||||||||||||
Total | $ | 26,832\u00a0 | $ | 10,150\u00a0 | $ | 1,233\u00a0 | $ | 1,361\u00a0 | $ | 39,576\u00a0 |
| December 31, 2024 | December 31, 2023 | ||||||||||||||||||||||
| Present value of expected net premiums | Long-term care | Structured settlement annuities | Life | Long-term care | Structured settlement annuities | Life | |||||||||||||||||
| Balance, beginning of year | $ | 4,063\u00a0 | $ | \u2014\u00a0 | $ | 4,803\u00a0 | $ | 4,059\u00a0 | $ | \u2014\u00a0 | $ | 4,828\u00a0 | |||||||||||
| Beginning balance at locked-in discount rate | 3,745\u00a0 | \u2014\u00a0 | 4,773\u00a0 | 3,958\u00a0 | \u2014\u00a0 | 5,210\u00a0 | |||||||||||||||||
| Effect of changes in cash flow assumptions | 465\u00a0 | \u2014\u00a0 | (1) | (4) | \u2014\u00a0 | (77) | |||||||||||||||||
| Effect of actual variances from expected experience | (26) | \u2014\u00a0 | 8\u00a0 | (22) | \u2014\u00a0 | (300) | |||||||||||||||||
| Adjusted beginning of year balance | 4,184\u00a0 | \u2014\u00a0 | 4,780\u00a0 | 3,932\u00a0 | \u2014\u00a0 | 4,833\u00a0 | |||||||||||||||||
| Interest accrual | 209\u00a0 | \u2014\u00a0 | 177\u00a0 | 207\u00a0 | \u2014\u00a0 | 192\u00a0 | |||||||||||||||||
| Net premiums collected | (403) | \u2014\u00a0 | (309) | (394) | \u2014\u00a0 | (315) | |||||||||||||||||
| Effect of foreign currency | \u2014\u00a0 | \u2014\u00a0 | (234) | \u2014\u00a0 | \u2014\u00a0 | 64\u00a0 | |||||||||||||||||
| Ending balance at locked-in discount rate | 3,991\u00a0 | \u2014\u00a0 | 4,415\u00a0 | 3,745\u00a0 | \u2014\u00a0 | 4,773\u00a0 | |||||||||||||||||
| Effect of changes in discount rate assumptions | 154\u00a0 | \u2014\u00a0 | (97) | 318\u00a0 | \u2014\u00a0 | 30\u00a0 | |||||||||||||||||
| Balance, end of year | $ | 4,144\u00a0 | $ | \u2014\u00a0 | $ | 4,318\u00a0 | $ | 4,063\u00a0 | $ | \u2014\u00a0 | $ | 4,803\u00a0 | |||||||||||
| Present value of expected future policy benefits | |||||||||||||||||||||||
| Balance, beginning of year | $ | 30,895\u00a0 | $ | 9,357\u00a0 | $ | 5,921\u00a0 | $ | 28,316\u00a0 | $ | 8,860\u00a0 | $ | 5,868\u00a0 | |||||||||||
| Beginning balance at locked-in discount rate | 27,144\u00a0 | 8,561\u00a0 | 5,847\u00a0 | 27,026\u00a0 | 8,790\u00a0 | 6,247\u00a0 | |||||||||||||||||
| Effect of changes in cash flow assumptions | 238\u00a0 | \u2014\u00a0 | 24\u00a0 | (45) | (16) | 49\u00a0 | |||||||||||||||||
| Effect of actual variances from expected experience | 25\u00a0 | (36) | (1) | (13) | 19\u00a0 | (241) | |||||||||||||||||
| Adjusted beginning of year balance | 27,406\u00a0 | 8,525\u00a0 | 5,870\u00a0 | 26,968\u00a0 | 8,793\u00a0 | 6,055\u00a0 | |||||||||||||||||
| Interest accrual | 1,485\u00a0 | 441\u00a0 | 218\u00a0 | 1,454\u00a0 | 454\u00a0 | 232\u00a0 | |||||||||||||||||
| Benefit payments | (1,443) | (664) | (430) | (1,278) | (687) | (508) | |||||||||||||||||
| Effect of foreign currency | \u2014\u00a0 | \u2014\u00a0 | (246) | \u2014\u00a0 | \u2014\u00a0 | 67\u00a0 | |||||||||||||||||
| Ending balance at locked-in discount rate | 27,448\u00a0 | 8,301\u00a0 | 5,411\u00a0 | 27,144\u00a0 | 8,561\u00a0 | 5,847\u00a0 | |||||||||||||||||
| \u00a0\u00a0Effect of changes in discount rate assumptions | 1,371\u00a0 | 125\u00a0 | (76) | 3,752\u00a0 | 797\u00a0 | 74\u00a0 | |||||||||||||||||
| Balance, end of year | $ | 28,820\u00a0 | $ | 8,426\u00a0 | $ | 5,336\u00a0 | $ | 30,895\u00a0 | $ | 9,357\u00a0 | $ | 5,921\u00a0 | |||||||||||
| Net future policy benefit reserves | $ | 24,675\u00a0 | $ | 8,426\u00a0 | $ | 1,018\u00a0 | $ | 26,832\u00a0 | $ | 9,357\u00a0 | $ | 1,117\u00a0 | |||||||||||
| Less: Reinsurance recoverables, net of allowance for credit losses | (169) | \u2014\u00a0 | (32) | (166) | \u2014\u00a0 | (33) | |||||||||||||||||
| Net future policy benefit reserves, after reinsurance recoverables | $ | 24,507\u00a0 | $ | 8,426\u00a0 | $ | 985\u00a0 | $ | 26,666\u00a0 | $ | 9,357\u00a0 | $ | 1,084\u00a0 | |||||||||||
| Weighted-average duration of liability (years)(a) | 11.7 | 10.3 | 5.3 | 12.8 | 11.3 | 5.3 | |||||||||||||||||
| Weighted-average interest accretion rate | 5.6% | 5.4% | 5.1% | 5.5% | 5.4% | 5.0% | |||||||||||||||||
| Current discount rate | 5.6% | 5.5% | 5.1% | 4.9% | 4.8% | 4.7% | |||||||||||||||||
| Gross premiums or assessments recognized during period | $ | 479\u00a0 | $ | \u2014\u00a0 | $ | 353\u00a0 | $ | 496\u00a0 | $ | \u2014\u00a0 | $ | 363\u00a0 | |||||||||||
| Expected future gross premiums, undiscounted | 7,548\u00a0 | \u2014\u00a0 | 11,343\u00a0 | 7,379\u00a0 | \u2014\u00a0 | 12,388\u00a0 | |||||||||||||||||
| Expected future gross premiums, discounted(a) | 4,745\u00a0 | \u2014\u00a0 | 5,205\u00a0 | 4,895\u00a0 | \u2014\u00a0 | 5,800\u00a0 | |||||||||||||||||
| Expected future benefit payments, undiscounted | 62,001\u00a0 | 18,589\u00a0 | 10,336\u00a0 | 63,126\u00a0 | 19,291\u00a0 | 11,202\u00a0 | |||||||||||||||||
| Expected future benefit payments, discounted(a) | 28,820\u00a0 | 8,426\u00a0 | 5,336\u00a0 | 30,895\u00a0 | 9,357\u00a0 | 5,921\u00a0 |
| DESCRIPTION OF OUR PLANS | ||||||||||||||
| Plan Category | Participants | Funding | Comments | |||||||||||
| Principal Pension Plans | GE Aerospace Pension Plan | Covers U.S. GE Aerospace participants: ~79,000 retirees and beneficiaries, ~34,000 vested former employees and ~9,000 active employees | Our funding policy is to contribute amounts sufficient to meet minimum funding requirements under employee benefit and tax laws. We may decide to contribute additional amounts beyond this level. | Closed to new participants since 2012. Benefits for employees with salaried benefits were frozen effective January 1, 2021, and thereafter these employees receive increased company contributions in the company sponsored defined contribution plan in lieu of participation in a defined benefit plan (announced October 2019). | ||||||||||
| GE Aerospace Supplementary Pension Plan | Provides supplementary benefits to higher-level, longer-service U.S. employees | Unfunded. We pay benefits on a pay-as-you-go basis from company cash. | The annuity benefit has been closed to new participants since 2011 and has been replaced by an installment benefit (which was closed to new executives after 2020). Benefits for employees who became executives before 2011 were frozen effective January 1, 2021, and thereafter these employees accrue the installment benefit. | |||||||||||
Other Pension Plans(a) | 9 U.S. and non-U.S. pension plans with pension assets or obligations that have reached $50 million | Covers ~10,500 retirees and beneficiaries, ~10,300 vested former employees and ~600 active employees | Our funding policy is to contribute amounts sufficient to meet minimum funding requirements under employee benefit and tax laws in each country. We may decide to contribute additional amounts beyond this level. We pay benefits for some plans from company cash. | In certain countries, benefit accruals have ceased and/or have been closed to new hires as of various dates. | ||||||||||
| Principal Retiree Benefit Plans | Provides health and life insurance benefits to certain eligible participants | Covers U.S. GE Aerospace participants: ~45,800 retirees and dependents and ~10,000 active employees | We fund retiree benefit plans on a pay-as-you-go basis and the retiree benefit insurance trust at our discretion. | Participants share in the cost of the healthcare benefits. |
| FUNDING STATUS BY PLAN TYPE | Benefit Obligation | Fair Value of Assets | Deficit/(Surplus) | |||||||||||||||||||||||
| 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | |||||||||||||||||||||
| Principal Pension Plans: | ||||||||||||||||||||||||||
| GE Aerospace Pension Plan (subject to regulatory funding) | $ | 21,010\u00a0 | $ | 22,437\u00a0 | $ | 19,020\u00a0 | $ | 20,253\u00a0 | $ | 1,990\u00a0 | $ | 2,184\u00a0 | ||||||||||||||
| GE Aerospace Supplementary Pension Plan | 2,814\u00a0 | 3,000\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 2,814\u00a0 | 3,000\u00a0 | ||||||||||||||||||||
| \u00a0\u00a0\u00a0\u00a0 | 23,824\u00a0 | 25,437\u00a0 | 19,020\u00a0 | 20,253\u00a0 | 4,804\u00a0 | 5,184\u00a0 | ||||||||||||||||||||
| Other Pension Plans: | ||||||||||||||||||||||||||
| Subject to regulatory funding | 2,736\u00a0 | 3,225\u00a0 | 3,592\u00a0 | 3,913\u00a0 | (856) | (688) | ||||||||||||||||||||
| Not subject to regulatory funding | 404\u00a0 | 440\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 404\u00a0 | 440\u00a0 | ||||||||||||||||||||
| Principal retiree benefit plans for GE Aerospace | 1,202\u00a0 | 1,289\u00a0 | 6\u00a0 | 8\u00a0 | 1,196\u00a0 | 1,281\u00a0 | ||||||||||||||||||||
| Total plans subject to regulatory funding | 23,746\u00a0 | 25,662\u00a0 | 22,612\u00a0 | 24,166\u00a0 | 1,134\u00a0 | 1,496\u00a0 | ||||||||||||||||||||
| Total plans not subject to regulatory funding | 4,420\u00a0 | 4,729\u00a0 | 6\u00a0 | 8\u00a0 | 4,414\u00a0 | 4,721\u00a0 | ||||||||||||||||||||
| Total plans | 28,166\u00a0 | 30,391\u00a0 | 22,618\u00a0 | 24,174\u00a0 | 5,548\u00a0 | 6,217\u00a0 |
| COST OF OUR BENEFITS PLANS AND ASSUMPTIONS | 2024 | 2023 | 2022 | ||||||||||||||||||||||||||||||||
| Principal pension | Other pension | Principal retiree benefit | Principal pension | Other pension | Principal retiree benefit | Principal pension | Other pension | Principal retiree benefit | |||||||||||||||||||||||||||
| Components of expense (income) | |||||||||||||||||||||||||||||||||||
| Service cost - operating | $ | 71\u00a0 | $ | 22\u00a0 | $ | 13\u00a0 | $ | 94\u00a0 | $ | 37\u00a0 | $ | 17\u00a0 | $ | 221\u00a0 | $ | 86\u00a0 | $ | 39\u00a0 | |||||||||||||||||
| Interest cost | 1,401\u00a0 | 227\u00a0 | 71\u00a0 | 1,892\u00a0 | 422\u00a0 | 111\u00a0 | 2,069\u00a0 | 398\u00a0 | 108\u00a0 | ||||||||||||||||||||||||||
| Expected return on plan assets | (1,751) | (310) | \u2014\u00a0 | (2,376) | (587) | \u2014\u00a0 | (3,142) | (967) | \u2014\u00a0 | ||||||||||||||||||||||||||
| Amortization of net loss (gain) | (468) | 41\u00a0 | (82) | (723) | 20\u00a0 | (124) | 1,422\u00a0 | 101\u00a0 | (115) | ||||||||||||||||||||||||||
| Amortization of prior service cost (credit) | 6\u00a0 | (1) | (103) | 5\u00a0 | (4) | (148) | 5\u00a0 | (8) | (235) | ||||||||||||||||||||||||||
| Curtailment / settlement loss (gain) | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | (6) | \u2014\u00a0 | \u2014\u00a0 | (6) | \u2014\u00a0 | |||||||||||||||||||||||||||
| Non-operating | $ | (812) | $ | (43) | $ | (114) | $ | (1,202) | $ | (155) | $ | (161) | $ | 354\u00a0 | $ | (482) | $ | (242) | |||||||||||||||||
| Net periodic expense (income) | $ | (741) | $ | (21) | $ | (101) | $ | (1,108) | $ | (118) | $ | (144) | $ | 575\u00a0 | $ | (396) | $ | (203) | |||||||||||||||||
| Less: discontinued operations | (88) | (12) | (15) | (377) | (78) | (57) | 270\u00a0 | (320) | (134) | ||||||||||||||||||||||||||
| Continuing operations - net periodic expense (income) | $ | (653) | $ | (9) | $ | (86) | $ | (731) | $ | (40) | $ | (87) | $ | 305\u00a0 | $ | (76) | $ | (69) | |||||||||||||||||
| Weighted-average benefit obligations assumptions | |||||||||||||||||||||||||||||||||||
| Discount rate | 5.67\u00a0 | % | 5.48\u00a0 | % | 5.51\u00a0 | % | 5.18\u00a0 | % | 3.93\u00a0 | % | 5.09\u00a0 | % | 5.53\u00a0 | % | 4.59\u00a0 | % | 5.43\u00a0 | % | |||||||||||||||||
| Compensation increases | 6.00\u00a0 | 3.10\u00a0 | 6.00\u00a0 | 3.86\u00a0 | 2.24\u00a0 | 3.25\u00a0 | 3.07\u00a0 | 2.44\u00a0 | 3.12\u00a0 | ||||||||||||||||||||||||||
| Initial healthcare trend rate(a) | N/A | N/A | 7.00\u00a0 | N/A | N/A | 6.50\u00a0 | N/A | N/A | 6.40\u00a0 | ||||||||||||||||||||||||||
| Weighted-average benefit cost assumptions | |||||||||||||||||||||||||||||||||||
| Discount rate | 5.18\u00a0 | 3.93\u00a0 | 5.09\u00a0 | 5.53\u00a0 | 4.59\u00a0 | 5.43\u00a0 | 2.94\u00a0 | 1.93\u00a0 | 2.64\u00a0 | ||||||||||||||||||||||||||
| Expected rate of return on plan assets | 7.00\u00a0 | 5.34\u00a0 | \u2014\u00a0 | 7.00\u00a0 | 5.66\u00a0 | \u2014\u00a0 | 6.00\u00a0 | 4.80\u00a0 | \u2014\u00a0 |
| PLAN FUNDED STATUS AND AMOUNTS RECORDED IN ACCUMULATED OTHER COMPREHENSIVE LOSS (INCOME) | |||||||||||||||||||||||||||||||||||
| 2024 | 2023 | ||||||||||||||||||||||||||||||||||
| Principal pension | Other pension | Principal retiree benefit | Principal pension | Other pension | Principal retiree benefit | ||||||||||||||||||||||||||||||
| Change in benefit obligations | |||||||||||||||||||||||||||||||||||
| Balance at January 1 | $ | 36,217\u00a0 | $ | 10,377\u00a0 | $ | 2,055\u00a0 | $ | 53,591\u00a0 | $ | 13,916\u00a0 | $ | 3,304\u00a0 | |||||||||||||||||||||||
| Service cost | 71\u00a0 | 22\u00a0 | 13\u00a0 | 94\u00a0 | 37\u00a0 | 17\u00a0 | |||||||||||||||||||||||||||||
| Interest cost | 1,401\u00a0 | 227\u00a0 | 71\u00a0 | 1,892\u00a0 | 422\u00a0 | 111\u00a0 | |||||||||||||||||||||||||||||
| Participant contributions | 8\u00a0 | 4\u00a0 | 21\u00a0 | 10\u00a0 | 19\u00a0 | 31\u00a0 | |||||||||||||||||||||||||||||
| Plan amendments | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 49\u00a0 | \u2014\u00a0 | \u2014\u00a0 | |||||||||||||||||||||||||||||
| Actuarial loss (gain) - net | (1,049) | (a) | (435) | (a) | (15) | (a) | 1,081\u00a0 | (a) | 526\u00a0 | (a) | (5) | ||||||||||||||||||||||||
| Benefits paid | (1,957) | (305) | (192) | (2,503) | (618) | (254) | |||||||||||||||||||||||||||||
| Dispositions/acquisitions/other - net | (10,867) | (6,548) | (751) | (17,997) | (4,387) | (1,149) | |||||||||||||||||||||||||||||
| Exchange rate adjustments | \u2014\u00a0 | (202) | \u2014\u00a0 | \u2014\u00a0 | 462\u00a0 | \u2014\u00a0 | |||||||||||||||||||||||||||||
| Balance at December 31 | $ | 23,824\u00a0 | (b) | $ | 3,140\u00a0 | $ | 1,202\u00a0 | (c) | $ | 36,217\u00a0 | $ | 10,377\u00a0 | $ | 2,055\u00a0 | |||||||||||||||||||||
| Change in plan assets | |||||||||||||||||||||||||||||||||||
| Balance at January 1 | $ | 29,744\u00a0 | $ | 10,764\u00a0 | $ | 8\u00a0 | $ | 44,993\u00a0 | $ | 14,663\u00a0 | $ | 10\u00a0 | |||||||||||||||||||||||
| Actual return on plan assets | 440\u00a0 | (109) | \u2014\u00a0 | 1,869\u00a0 | 442\u00a0 | \u2014\u00a0 | |||||||||||||||||||||||||||||
| Employer contributions | 216\u00a0 | 60\u00a0 | 169\u00a0 | 212\u00a0 | 161\u00a0 | 221\u00a0 | |||||||||||||||||||||||||||||
| Participant contributions | 8\u00a0 | 4\u00a0 | 21\u00a0 | 10\u00a0 | 19\u00a0 | 31\u00a0 | |||||||||||||||||||||||||||||
| Benefits paid | (1,957) | (305) | (192) | (2,503) | (618) | (254) | |||||||||||||||||||||||||||||
| Dispositions/acquisitions/other - net | (9,431) | (6,611) | \u2014\u00a0 | (14,837) | (4,439) | \u2014\u00a0 | |||||||||||||||||||||||||||||
| Exchange rate adjustments | \u2014\u00a0 | (211) | \u2014\u00a0 | \u2014\u00a0 | 536\u00a0 | \u2014\u00a0 | |||||||||||||||||||||||||||||
| Balance at December 31 | $ | 19,020\u00a0 | $ | 3,592\u00a0 | $ | 6\u00a0 | $ | 29,744\u00a0 | $ | 10,764\u00a0 | $ | 8\u00a0 | |||||||||||||||||||||||
| Funded status - surplus (deficit) | $ | (4,804) | $ | 452\u00a0 | $ | (1,196) | $ | (6,473) | $ | 387\u00a0 | $ | (2,047) | |||||||||||||||||||||||
| Amounts recorded in Statement of Financial Position | |||||||||||||||||||||||||||||||||||
| Continuing operations: | |||||||||||||||||||||||||||||||||||
| Non-current assets - other | $ | \u2014\u00a0 | $ | 876\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 714\u00a0 | $ | \u2014\u00a0 | |||||||||||||||||||||||
| Current liabilities - other | (199) | (34) | (118) | (194) | (35) | (128) | |||||||||||||||||||||||||||||
| Non-current liabilities - compensation and benefits | (4,605) | (390) | (1,078) | (4,990) | (431) | (1,153) | |||||||||||||||||||||||||||||
| Discontinued operations: | |||||||||||||||||||||||||||||||||||
| Non-current assets | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 775\u00a0 | \u2014\u00a0 | |||||||||||||||||||||||||||||
| Current and non-current liabilities | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | (1,289) | (636) | (766) | |||||||||||||||||||||||||||||
| Net amount recorded | $ | (4,804) | $ | 452\u00a0 | $ | (1,196) | $ | (6,473) | $ | 387\u00a0 | $ | (2,047) | |||||||||||||||||||||||
| Amounts recorded in Accumulated other comprehensive loss (income) | |||||||||||||||||||||||||||||||||||
| Prior service cost (credit) | $ | (40) | $ | 9\u00a0 | $ | (455) | $ | (25) | $ | (16) | $ | (909) | |||||||||||||||||||||||
| Net loss (gain) | (530) | 803 | (559) | (1,454) | 1,680\u00a0 | (990) | |||||||||||||||||||||||||||||
| Total recorded in Accumulated other comprehensive loss (income) | $ | (570) | $ | 812\u00a0 | $ | (1,014) | $ | (1,479) | $ | 1,664\u00a0 | $ | (1,899) |
| 2024 | 2023 | ||||||||||||||||||||||
| Principal pension | Other pension | Principal pension | Other pension | ||||||||||||||||||||
| Global equities | $ | 1,142\u00a0 | $ | 217\u00a0 | $ | 1,985\u00a0 | $ | 1,152\u00a0 | |||||||||||||||
| Debt securities | |||||||||||||||||||||||
| Fixed income and cash investment funds | 1,412\u00a0 | 1,463\u00a0 | 1,764\u00a0 | 4,188\u00a0 | |||||||||||||||||||
| U.S. corporate(a) | 3,091\u00a0 | 34\u00a0 | 6,599\u00a0 | 145\u00a0 | |||||||||||||||||||
| Other debt securities(b) | 3,106\u00a0 | 46\u00a0 | 6,064\u00a0 | 218\u00a0 | |||||||||||||||||||
| Real estate | 535\u00a0 | 6\u00a0 | 775\u00a0 | 18\u00a0 | |||||||||||||||||||
| Private equities and other investments | 299\u00a0 | 118\u00a0 | 600\u00a0 | 259\u00a0 | |||||||||||||||||||
| Total | 9,585\u00a0 | 1,884\u00a0 | 17,787\u00a0 | 5,980\u00a0 | |||||||||||||||||||
| Plan assets measured at net asset value | |||||||||||||||||||||||
| Global equities | $ | 1,695\u00a0 | $ | 217\u00a0 | $ | 3,169\u00a0 | $ | 612\u00a0 | |||||||||||||||
| Debt securities | 1,158\u00a0 | 693\u00a0 | 1,907\u00a0 | 2,224\u00a0 | |||||||||||||||||||
| Real estate | 715\u00a0 | 280\u00a0 | 1,067\u00a0 | 1,074\u00a0 | |||||||||||||||||||
| Private equities and other investments | 5,867\u00a0 | 518\u00a0 | 5,814\u00a0 | 874\u00a0 | |||||||||||||||||||
| Total plan assets at fair value | 19,020\u00a0 | 3,592\u00a0 | 29,744\u00a0 | 10,764\u00a0 | |||||||||||||||||||
| Less: discontinued operations | \u2014\u00a0 | \u2014\u00a0 | 9,491\u00a0 | 6,851\u00a0 | |||||||||||||||||||
| Total plan assets - continuing operations | $ | 19,020\u00a0 | $ | 3,592\u00a0 | $ | 20,253\u00a0 | $ | 3,913\u00a0 |
| ASSET ALLOCATION OF PENSION PLANS | 2024 Target allocation | 2024 Actual allocation | |||||||||||||||||||||||||||||||||
| Principal Pension | Other Pension (weighted average) | Principal Pension | Other Pension (weighted average) | ||||||||||||||||||||||||||||||||
| Global equities | 10.0 - 30.0 | % | 10\u00a0 | % | 15\u00a0 | % | 12\u00a0 | % | |||||||||||||||||||||||||||
| Debt securities (including cash equivalents) | 19.0 - 87.5 | 69\u00a0 | 46\u00a0 | 62\u00a0 | |||||||||||||||||||||||||||||||
| Real estate | 1.0 - 10.0 | 7\u00a0 | 7\u00a0 | 8\u00a0 | |||||||||||||||||||||||||||||||
| Private equities & other investments | 12.0 - 40.0 | 14\u00a0 | 32\u00a0 | 18\u00a0 |
| ANNUALIZED RETURNS(a) | 1 year | 5 years | 10 years | 25 years | ||||||||||
| GE Aerospace Pension Plan | 2.3\u00a0 | % | 2.2\u00a0 | % | 4.3\u00a0 | % | 4.7\u00a0 | % |
| EXPECTED FUTURE BENEFIT PAYMENTS OF OUR BENEFIT PLANS(a) | Principal pension | Other pension | Principal retiree benefit | ||||||||||||||
| 2025 | $ | 1,800\u00a0 | $ | 175\u00a0 | $ | 130\u00a0 | |||||||||||
| 2026 | 1,815\u00a0 | 175\u00a0 | 125\u00a0 | ||||||||||||||
| 2027 | 1,825\u00a0 | 180\u00a0 | 120\u00a0 | ||||||||||||||
| 2028 | 1,830\u00a0 | 190\u00a0 | 120\u00a0 | ||||||||||||||
| 2029 | 1,830\u00a0 | 195\u00a0 | 120\u00a0 | ||||||||||||||
| 2030-2034 | 8,960\u00a0 | 1,045\u00a0 | 510\u00a0 |
| COST OF POSTRETIREMENT BENEFIT PLANS AND CHANGES IN OTHER COMPREHENSIVE INCOME | |||||||||||||||||||||||||||||||||||
| For the years ended December 31 | 2024 | 2023 | 2022 | ||||||||||||||||||||||||||||||||
| (Pre-tax) | Principal pension | Other pension | Principal retiree benefit | Principal pension | Other pension | Principal retiree benefit | Principal pension | Other pension | Principal retiree benefit | ||||||||||||||||||||||||||
| Cost (income) of postretirement benefit plans | $ | (741) | $ | (21) | $ | (101) | $ | (1,108) | $ | (118) | $ | (144) | $ | 575\u00a0 | $ | (396) | $ | (203) | |||||||||||||||||
| Changes in other comprehensive loss (income) | |||||||||||||||||||||||||||||||||||
| Prior service cost (credit) - current year | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 49\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | ||||||||||||||||||||||||||
| Net loss (gain) - current year (a) | 262\u00a0 | (52) | (15) | 1,588\u00a0 | 721\u00a0 | (5) | (1,533) | (128) | (778) | ||||||||||||||||||||||||||
| Reclassifications out of AOCI | |||||||||||||||||||||||||||||||||||
| Curtailment/settlement gain (loss) | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 6\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 6\u00a0 | \u2014\u00a0 | ||||||||||||||||||||||||||
| Dispositions | 185\u00a0 | (761) | 715\u00a0 | 1,989\u00a0 | (792) | 1,216\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | ||||||||||||||||||||||||||
| Amortization of net gain (loss) | 468\u00a0 | (41) | 82\u00a0 | 723\u00a0 | (20) | 124\u00a0 | (1,422) | (101) | 115\u00a0 | ||||||||||||||||||||||||||
| Amortization of prior service credit (cost) | (6) | 1\u00a0 | 103\u00a0 | (5) | 4\u00a0 | 148\u00a0 | (5) | 8\u00a0 | 235\u00a0 | ||||||||||||||||||||||||||
| Total changes in other comprehensive loss (income) | 909\u00a0 | (853) | 885\u00a0 | 4,344\u00a0 | (81) | 1,483\u00a0 | (2,960) | (215) | (428) | ||||||||||||||||||||||||||
| Cost (income) of postretirement benefit plans and changes in other comprehensive loss (income) | $ | 168\u00a0 | $ | (874) | $ | 784\u00a0 | $ | 3,236\u00a0 | $ | (199) | $ | 1,339\u00a0 | $ | (2,385) | $ | (611) | $ | (631) |
| DESCRIPTION OF OUR PLANS | ||||||||||||||
| Plan Category | Participants | Funding | Comments | |||||||||||
| Principal Pension Plans | GE Aerospace Pension Plan | Covers U.S. GE Aerospace participants: ~79,000 retirees and beneficiaries, ~34,000 vested former employees and ~9,000 active employees | Our funding policy is to contribute amounts sufficient to meet minimum funding requirements under employee benefit and tax laws. We may decide to contribute additional amounts beyond this level. | Closed to new participants since 2012. Benefits for employees with salaried benefits were frozen effective January 1, 2021, and thereafter these employees receive increased company contributions in the company sponsored defined contribution plan in lieu of participation in a defined benefit plan (announced October 2019). | ||||||||||
| GE Aerospace Supplementary Pension Plan | Provides supplementary benefits to higher-level, longer-service U.S. employees | Unfunded. We pay benefits on a pay-as-you-go basis from company cash. | The annuity benefit has been closed to new participants since 2011 and has been replaced by an installment benefit (which was closed to new executives after 2020). Benefits for employees who became executives before 2011 were frozen effective January 1, 2021, and thereafter these employees accrue the installment benefit. | |||||||||||
Other Pension Plans(a) | 9 U.S. and non-U.S. pension plans with pension assets or obligations that have reached $50 million | Covers ~10,500 retirees and beneficiaries, ~10,300 vested former employees and ~600 active employees | Our funding policy is to contribute amounts sufficient to meet minimum funding requirements under employee benefit and tax laws in each country. We may decide to contribute additional amounts beyond this level. We pay benefits for some plans from company cash. | In certain countries, benefit accruals have ceased and/or have been closed to new hires as of various dates. | ||||||||||
| Principal Retiree Benefit Plans | Provides health and life insurance benefits to certain eligible participants | Covers U.S. GE Aerospace participants: ~45,800 retirees and dependents and ~10,000 active employees | We fund retiree benefit plans on a pay-as-you-go basis and the retiree benefit insurance trust at our discretion. | Participants share in the cost of the healthcare benefits. |
| FUNDING STATUS BY PLAN TYPE | Benefit Obligation | Fair Value of Assets | Deficit/(Surplus) | |||||||||||||||||||||||
| 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | |||||||||||||||||||||
| Principal Pension Plans: | ||||||||||||||||||||||||||
| GE Aerospace Pension Plan (subject to regulatory funding) | $ | 21,010\u00a0 | $ | 22,437\u00a0 | $ | 19,020\u00a0 | $ | 20,253\u00a0 | $ | 1,990\u00a0 | $ | 2,184\u00a0 | ||||||||||||||
| GE Aerospace Supplementary Pension Plan | 2,814\u00a0 | 3,000\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 2,814\u00a0 | 3,000\u00a0 | ||||||||||||||||||||
| \u00a0\u00a0\u00a0\u00a0 | 23,824\u00a0 | 25,437\u00a0 | 19,020\u00a0 | 20,253\u00a0 | 4,804\u00a0 | 5,184\u00a0 | ||||||||||||||||||||
| Other Pension Plans: | ||||||||||||||||||||||||||
| Subject to regulatory funding | 2,736\u00a0 | 3,225\u00a0 | 3,592\u00a0 | 3,913\u00a0 | (856) | (688) | ||||||||||||||||||||
| Not subject to regulatory funding | 404\u00a0 | 440\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 404\u00a0 | 440\u00a0 | ||||||||||||||||||||
| Principal retiree benefit plans for GE Aerospace | 1,202\u00a0 | 1,289\u00a0 | 6\u00a0 | 8\u00a0 | 1,196\u00a0 | 1,281\u00a0 | ||||||||||||||||||||
| Total plans subject to regulatory funding | 23,746\u00a0 | 25,662\u00a0 | 22,612\u00a0 | 24,166\u00a0 | 1,134\u00a0 | 1,496\u00a0 | ||||||||||||||||||||
| Total plans not subject to regulatory funding | 4,420\u00a0 | 4,729\u00a0 | 6\u00a0 | 8\u00a0 | 4,414\u00a0 | 4,721\u00a0 | ||||||||||||||||||||
| Total plans | 28,166\u00a0 | 30,391\u00a0 | 22,618\u00a0 | 24,174\u00a0 | 5,548\u00a0 | 6,217\u00a0 |
| PLAN FUNDED STATUS AND AMOUNTS RECORDED IN ACCUMULATED OTHER COMPREHENSIVE LOSS (INCOME) | |||||||||||||||||||||||||||||||||||
| 2024 | 2023 | ||||||||||||||||||||||||||||||||||
| Principal pension | Other pension | Principal retiree benefit | Principal pension | Other pension | Principal retiree benefit | ||||||||||||||||||||||||||||||
| Change in benefit obligations | |||||||||||||||||||||||||||||||||||
| Balance at January 1 | $ | 36,217\u00a0 | $ | 10,377\u00a0 | $ | 2,055\u00a0 | $ | 53,591\u00a0 | $ | 13,916\u00a0 | $ | 3,304\u00a0 | |||||||||||||||||||||||
| Service cost | 71\u00a0 | 22\u00a0 | 13\u00a0 | 94\u00a0 | 37\u00a0 | 17\u00a0 | |||||||||||||||||||||||||||||
| Interest cost | 1,401\u00a0 | 227\u00a0 | 71\u00a0 | 1,892\u00a0 | 422\u00a0 | 111\u00a0 | |||||||||||||||||||||||||||||
| Participant contributions | 8\u00a0 | 4\u00a0 | 21\u00a0 | 10\u00a0 | 19\u00a0 | 31\u00a0 | |||||||||||||||||||||||||||||
| Plan amendments | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 49\u00a0 | \u2014\u00a0 | \u2014\u00a0 | |||||||||||||||||||||||||||||
| Actuarial loss (gain) - net | (1,049) | (a) | (435) | (a) | (15) | (a) | 1,081\u00a0 | (a) | 526\u00a0 | (a) | (5) | ||||||||||||||||||||||||
| Benefits paid | (1,957) | (305) | (192) | (2,503) | (618) | (254) | |||||||||||||||||||||||||||||
| Dispositions/acquisitions/other - net | (10,867) | (6,548) | (751) | (17,997) | (4,387) | (1,149) | |||||||||||||||||||||||||||||
| Exchange rate adjustments | \u2014\u00a0 | (202) | \u2014\u00a0 | \u2014\u00a0 | 462\u00a0 | \u2014\u00a0 | |||||||||||||||||||||||||||||
| Balance at December 31 | $ | 23,824\u00a0 | (b) | $ | 3,140\u00a0 | $ | 1,202\u00a0 | (c) | $ | 36,217\u00a0 | $ | 10,377\u00a0 | $ | 2,055\u00a0 | |||||||||||||||||||||
| Change in plan assets | |||||||||||||||||||||||||||||||||||
| Balance at January 1 | $ | 29,744\u00a0 | $ | 10,764\u00a0 | $ | 8\u00a0 | $ | 44,993\u00a0 | $ | 14,663\u00a0 | $ | 10\u00a0 | |||||||||||||||||||||||
| Actual return on plan assets | 440\u00a0 | (109) | \u2014\u00a0 | 1,869\u00a0 | 442\u00a0 | \u2014\u00a0 | |||||||||||||||||||||||||||||
| Employer contributions | 216\u00a0 | 60\u00a0 | 169\u00a0 | 212\u00a0 | 161\u00a0 | 221\u00a0 | |||||||||||||||||||||||||||||
| Participant contributions | 8\u00a0 | 4\u00a0 | 21\u00a0 | 10\u00a0 | 19\u00a0 | 31\u00a0 | |||||||||||||||||||||||||||||
| Benefits paid | (1,957) | (305) | (192) | (2,503) | (618) | (254) | |||||||||||||||||||||||||||||
| Dispositions/acquisitions/other - net | (9,431) | (6,611) | \u2014\u00a0 | (14,837) | (4,439) | \u2014\u00a0 | |||||||||||||||||||||||||||||
| Exchange rate adjustments | \u2014\u00a0 | (211) | \u2014\u00a0 | \u2014\u00a0 | 536\u00a0 | \u2014\u00a0 | |||||||||||||||||||||||||||||
| Balance at December 31 | $ | 19,020\u00a0 | $ | 3,592\u00a0 | $ | 6\u00a0 | $ | 29,744\u00a0 | $ | 10,764\u00a0 | $ | 8\u00a0 | |||||||||||||||||||||||
| Funded status - surplus (deficit) | $ | (4,804) | $ | 452\u00a0 | $ | (1,196) | $ | (6,473) | $ | 387\u00a0 | $ | (2,047) | |||||||||||||||||||||||
| Amounts recorded in Statement of Financial Position | |||||||||||||||||||||||||||||||||||
| Continuing operations: | |||||||||||||||||||||||||||||||||||
| Non-current assets - other | $ | \u2014\u00a0 | $ | 876\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 714\u00a0 | $ | \u2014\u00a0 | |||||||||||||||||||||||
| Current liabilities - other | (199) | (34) | (118) | (194) | (35) | (128) | |||||||||||||||||||||||||||||
| Non-current liabilities - compensation and benefits | (4,605) | (390) | (1,078) | (4,990) | (431) | (1,153) | |||||||||||||||||||||||||||||
| Discontinued operations: | |||||||||||||||||||||||||||||||||||
| Non-current assets | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 775\u00a0 | \u2014\u00a0 | |||||||||||||||||||||||||||||
| Current and non-current liabilities | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | (1,289) | (636) | (766) | |||||||||||||||||||||||||||||
| Net amount recorded | $ | (4,804) | $ | 452\u00a0 | $ | (1,196) | $ | (6,473) | $ | 387\u00a0 | $ | (2,047) | |||||||||||||||||||||||
| Amounts recorded in Accumulated other comprehensive loss (income) | |||||||||||||||||||||||||||||||||||
| Prior service cost (credit) | $ | (40) | $ | 9\u00a0 | $ | (455) | $ | (25) | $ | (16) | $ | (909) | |||||||||||||||||||||||
| Net loss (gain) | (530) | 803 | (559) | (1,454) | 1,680\u00a0 | (990) | |||||||||||||||||||||||||||||
| Total recorded in Accumulated other comprehensive loss (income) | $ | (570) | $ | 812\u00a0 | $ | (1,014) | $ | (1,479) | $ | 1,664\u00a0 | $ | (1,899) |
| COST OF OUR BENEFITS PLANS AND ASSUMPTIONS | 2024 | 2023 | 2022 | ||||||||||||||||||||||||||||||||
| Principal pension | Other pension | Principal retiree benefit | Principal pension | Other pension | Principal retiree benefit | Principal pension | Other pension | Principal retiree benefit | |||||||||||||||||||||||||||
| Components of expense (income) | |||||||||||||||||||||||||||||||||||
| Service cost - operating | $ | 71\u00a0 | $ | 22\u00a0 | $ | 13\u00a0 | $ | 94\u00a0 | $ | 37\u00a0 | $ | 17\u00a0 | $ | 221\u00a0 | $ | 86\u00a0 | $ | 39\u00a0 | |||||||||||||||||
| Interest cost | 1,401\u00a0 | 227\u00a0 | 71\u00a0 | 1,892\u00a0 | 422\u00a0 | 111\u00a0 | 2,069\u00a0 | 398\u00a0 | 108\u00a0 | ||||||||||||||||||||||||||
| Expected return on plan assets | (1,751) | (310) | \u2014\u00a0 | (2,376) | (587) | \u2014\u00a0 | (3,142) | (967) | \u2014\u00a0 | ||||||||||||||||||||||||||
| Amortization of net loss (gain) | (468) | 41\u00a0 | (82) | (723) | 20\u00a0 | (124) | 1,422\u00a0 | 101\u00a0 | (115) | ||||||||||||||||||||||||||
| Amortization of prior service cost (credit) | 6\u00a0 | (1) | (103) | 5\u00a0 | (4) | (148) | 5\u00a0 | (8) | (235) | ||||||||||||||||||||||||||
| Curtailment / settlement loss (gain) | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | (6) | \u2014\u00a0 | \u2014\u00a0 | (6) | \u2014\u00a0 | |||||||||||||||||||||||||||
| Non-operating | $ | (812) | $ | (43) | $ | (114) | $ | (1,202) | $ | (155) | $ | (161) | $ | 354\u00a0 | $ | (482) | $ | (242) | |||||||||||||||||
| Net periodic expense (income) | $ | (741) | $ | (21) | $ | (101) | $ | (1,108) | $ | (118) | $ | (144) | $ | 575\u00a0 | $ | (396) | $ | (203) | |||||||||||||||||
| Less: discontinued operations | (88) | (12) | (15) | (377) | (78) | (57) | 270\u00a0 | (320) | (134) | ||||||||||||||||||||||||||
| Continuing operations - net periodic expense (income) | $ | (653) | $ | (9) | $ | (86) | $ | (731) | $ | (40) | $ | (87) | $ | 305\u00a0 | $ | (76) | $ | (69) | |||||||||||||||||
| Weighted-average benefit obligations assumptions | |||||||||||||||||||||||||||||||||||
| Discount rate | 5.67\u00a0 | % | 5.48\u00a0 | % | 5.51\u00a0 | % | 5.18\u00a0 | % | 3.93\u00a0 | % | 5.09\u00a0 | % | 5.53\u00a0 | % | 4.59\u00a0 | % | 5.43\u00a0 | % | |||||||||||||||||
| Compensation increases | 6.00\u00a0 | 3.10\u00a0 | 6.00\u00a0 | 3.86\u00a0 | 2.24\u00a0 | 3.25\u00a0 | 3.07\u00a0 | 2.44\u00a0 | 3.12\u00a0 | ||||||||||||||||||||||||||
| Initial healthcare trend rate(a) | N/A | N/A | 7.00\u00a0 | N/A | N/A | 6.50\u00a0 | N/A | N/A | 6.40\u00a0 | ||||||||||||||||||||||||||
| Weighted-average benefit cost assumptions | |||||||||||||||||||||||||||||||||||
| Discount rate | 5.18\u00a0 | 3.93\u00a0 | 5.09\u00a0 | 5.53\u00a0 | 4.59\u00a0 | 5.43\u00a0 | 2.94\u00a0 | 1.93\u00a0 | 2.64\u00a0 | ||||||||||||||||||||||||||
| Expected rate of return on plan assets | 7.00\u00a0 | 5.34\u00a0 | \u2014\u00a0 | 7.00\u00a0 | 5.66\u00a0 | \u2014\u00a0 | 6.00\u00a0 | 4.80\u00a0 | \u2014\u00a0 |
| 2024 | 2023 | ||||||||||||||||||||||
| Principal pension | Other pension | Principal pension | Other pension | ||||||||||||||||||||
| Global equities | $ | 1,142\u00a0 | $ | 217\u00a0 | $ | 1,985\u00a0 | $ | 1,152\u00a0 | |||||||||||||||
| Debt securities | |||||||||||||||||||||||
| Fixed income and cash investment funds | 1,412\u00a0 | 1,463\u00a0 | 1,764\u00a0 | 4,188\u00a0 | |||||||||||||||||||
| U.S. corporate(a) | 3,091\u00a0 | 34\u00a0 | 6,599\u00a0 | 145\u00a0 | |||||||||||||||||||
| Other debt securities(b) | 3,106\u00a0 | 46\u00a0 | 6,064\u00a0 | 218\u00a0 | |||||||||||||||||||
| Real estate | 535\u00a0 | 6\u00a0 | 775\u00a0 | 18\u00a0 | |||||||||||||||||||
| Private equities and other investments | 299\u00a0 | 118\u00a0 | 600\u00a0 | 259\u00a0 | |||||||||||||||||||
| Total | 9,585\u00a0 | 1,884\u00a0 | 17,787\u00a0 | 5,980\u00a0 | |||||||||||||||||||
| Plan assets measured at net asset value | |||||||||||||||||||||||
| Global equities | $ | 1,695\u00a0 | $ | 217\u00a0 | $ | 3,169\u00a0 | $ | 612\u00a0 | |||||||||||||||
| Debt securities | 1,158\u00a0 | 693\u00a0 | 1,907\u00a0 | 2,224\u00a0 | |||||||||||||||||||
| Real estate | 715\u00a0 | 280\u00a0 | 1,067\u00a0 | 1,074\u00a0 | |||||||||||||||||||
| Private equities and other investments | 5,867\u00a0 | 518\u00a0 | 5,814\u00a0 | 874\u00a0 | |||||||||||||||||||
| Total plan assets at fair value | 19,020\u00a0 | 3,592\u00a0 | 29,744\u00a0 | 10,764\u00a0 | |||||||||||||||||||
| Less: discontinued operations | \u2014\u00a0 | \u2014\u00a0 | 9,491\u00a0 | 6,851\u00a0 | |||||||||||||||||||
| Total plan assets - continuing operations | $ | 19,020\u00a0 | $ | 3,592\u00a0 | $ | 20,253\u00a0 | $ | 3,913\u00a0 |
| ASSET ALLOCATION OF PENSION PLANS | 2024 Target allocation | 2024 Actual allocation | |||||||||||||||||||||||||||||||||
| Principal Pension | Other Pension (weighted average) | Principal Pension | Other Pension (weighted average) | ||||||||||||||||||||||||||||||||
| Global equities | 10.0 - 30.0 | % | 10\u00a0 | % | 15\u00a0 | % | 12\u00a0 | % | |||||||||||||||||||||||||||
| Debt securities (including cash equivalents) | 19.0 - 87.5 | 69\u00a0 | 46\u00a0 | 62\u00a0 | |||||||||||||||||||||||||||||||
| Real estate | 1.0 - 10.0 | 7\u00a0 | 7\u00a0 | 8\u00a0 | |||||||||||||||||||||||||||||||
| Private equities & other investments | 12.0 - 40.0 | 14\u00a0 | 32\u00a0 | 18\u00a0 |
| ANNUALIZED RETURNS(a) | 1 year | 5 years | 10 years | 25 years | ||||||||||
| GE Aerospace Pension Plan | 2.3\u00a0 | % | 2.2\u00a0 | % | 4.3\u00a0 | % | 4.7\u00a0 | % |
| EXPECTED FUTURE BENEFIT PAYMENTS OF OUR BENEFIT PLANS(a) | Principal pension | Other pension | Principal retiree benefit | ||||||||||||||
| 2025 | $ | 1,800\u00a0 | $ | 175\u00a0 | $ | 130\u00a0 | |||||||||||
| 2026 | 1,815\u00a0 | 175\u00a0 | 125\u00a0 | ||||||||||||||
| 2027 | 1,825\u00a0 | 180\u00a0 | 120\u00a0 | ||||||||||||||
| 2028 | 1,830\u00a0 | 190\u00a0 | 120\u00a0 | ||||||||||||||
| 2029 | 1,830\u00a0 | 195\u00a0 | 120\u00a0 | ||||||||||||||
| 2030-2034 | 8,960\u00a0 | 1,045\u00a0 | 510\u00a0 |
| COST OF POSTRETIREMENT BENEFIT PLANS AND CHANGES IN OTHER COMPREHENSIVE INCOME | |||||||||||||||||||||||||||||||||||
| For the years ended December 31 | 2024 | 2023 | 2022 | ||||||||||||||||||||||||||||||||
| (Pre-tax) | Principal pension | Other pension | Principal retiree benefit | Principal pension | Other pension | Principal retiree benefit | Principal pension | Other pension | Principal retiree benefit | ||||||||||||||||||||||||||
| Cost (income) of postretirement benefit plans | $ | (741) | $ | (21) | $ | (101) | $ | (1,108) | $ | (118) | $ | (144) | $ | 575\u00a0 | $ | (396) | $ | (203) | |||||||||||||||||
| Changes in other comprehensive loss (income) | |||||||||||||||||||||||||||||||||||
| Prior service cost (credit) - current year | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 49\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | ||||||||||||||||||||||||||
| Net loss (gain) - current year (a) | 262\u00a0 | (52) | (15) | 1,588\u00a0 | 721\u00a0 | (5) | (1,533) | (128) | (778) | ||||||||||||||||||||||||||
| Reclassifications out of AOCI | |||||||||||||||||||||||||||||||||||
| Curtailment/settlement gain (loss) | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 6\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 6\u00a0 | \u2014\u00a0 | ||||||||||||||||||||||||||
| Dispositions | 185\u00a0 | (761) | 715\u00a0 | 1,989\u00a0 | (792) | 1,216\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | ||||||||||||||||||||||||||
| Amortization of net gain (loss) | 468\u00a0 | (41) | 82\u00a0 | 723\u00a0 | (20) | 124\u00a0 | (1,422) | (101) | 115\u00a0 | ||||||||||||||||||||||||||
| Amortization of prior service credit (cost) | (6) | 1\u00a0 | 103\u00a0 | (5) | 4\u00a0 | 148\u00a0 | (5) | 8\u00a0 | 235\u00a0 | ||||||||||||||||||||||||||
| Total changes in other comprehensive loss (income) | 909\u00a0 | (853) | 885\u00a0 | 4,344\u00a0 | (81) | 1,483\u00a0 | (2,960) | (215) | (428) | ||||||||||||||||||||||||||
| Cost (income) of postretirement benefit plans and changes in other comprehensive loss (income) | $ | 168\u00a0 | $ | (874) | $ | 784\u00a0 | $ | 3,236\u00a0 | $ | (199) | $ | 1,339\u00a0 | $ | (2,385) | $ | (611) | $ | (631) |
| EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | 2024 | 2023 | 2022 | ||||||||
| U.S. earnings (loss) | $ | 4,809\u00a0 | $ | 7,195\u00a0 | $ | (249) | |||||
| Non-U.S. earnings (loss) | 2,811\u00a0 | 3,246\u00a0 | 1,771\u00a0 | ||||||||
| Total | $ | 7,620\u00a0 | $ | 10,441\u00a0 | $ | 1,522\u00a0 |
| PROVISION (BENEFIT) FOR INCOME TAXES | 2024 | 2023 | 2022 | ||||||||
| Current | |||||||||||
| U.S. Federal | $ | 310\u00a0 | $ | (588) | $ | (117) | |||||
| Non-U.S. | 423\u00a0 | 314\u00a0 | 307\u00a0 | ||||||||
| U.S. State | 48\u00a0 | 134\u00a0 | (48) | ||||||||
| Deferred | |||||||||||
| U.S. Federal | 250\u00a0 | 622\u00a0 | (382) | ||||||||
| Non-U.S. | 59\u00a0 | 453\u00a0 | 493\u00a0 | ||||||||
| U.S. State | (128) | 59\u00a0 | (84) | ||||||||
| Total | $ | 962\u00a0 | $ | 994\u00a0 | $ | 169\u00a0 |
| RECONCILIATION OF U.S. FEDERAL STATUTORY INCOME TAX RATE TO ACTUAL INCOME TAX RATE | 2024 | 2023 | 2022 | |||||||||||||||||||||||
| Amount | Rate | Amount | Rate | Amount | Rate | |||||||||||||||||||||
| U.S. federal statutory income tax rate | $ | 1,600\u00a0 | 21.0\u00a0 | % | $ | 2,193\u00a0 | 21.0\u00a0 | % | $ | 320\u00a0 | 21.0\u00a0 | % | ||||||||||||||
| State Taxes, net of federal benefit | 123\u00a0 | 1.6\u00a0 | 152\u00a0 | 1.5\u00a0 | (114) | (7.5) | ||||||||||||||||||||
| Tax on global activities including exports(a) | (92) | (1.2) | 78\u00a0 | 0.7\u00a0 | (29) | (1.9) | ||||||||||||||||||||
| U.S. business credits(b) | (242) | (3.2) | (254) | (2.4) | (198) | (13.0) | ||||||||||||||||||||
| Retained and sold ownership interests | (110) | (1.4) | (1,215) | (11.6) | 2\u00a0 | 0.1\u00a0 | ||||||||||||||||||||
| All other \u2013 net(c) | (317) | (4.2) | 40\u00a0 | 0.3\u00a0 | 188\u00a0 | 12.4\u00a0 | ||||||||||||||||||||
| (638) | (8.4) | (1,199) | (11.5) | (151) | (9.9) | |||||||||||||||||||||
| Actual income tax rate | $ | 962\u00a0 | 12.6\u00a0 | % | $ | 994\u00a0 | 9.5\u00a0 | % | $ | 169\u00a0 | 11.1\u00a0 | % |
UNRECOGNIZED TAX BENEFITS December 31 | 2024 | 2023 | 2022 | ||||||||
| Unrecognized tax benefits | $ | 2,824\u00a0 | $ | 3,399\u00a0 | $ | 3,951\u00a0 | |||||
| Portion that, if recognized, would reduce tax expense and effective tax rate(a) | 2,110\u00a0 | 2,708\u00a0 | 3,072\u00a0 | ||||||||
| Accrued interest on unrecognized tax benefits | 609\u00a0 | 635\u00a0 | 614\u00a0 | ||||||||
| Accrued penalties on unrecognized tax benefits | 14\u00a0 | 111\u00a0 | 111\u00a0 | ||||||||
Reasonably possible reduction to the balance of unrecognized tax benefits in succeeding 12 months | 0-300 | 0-610 | 0-650 | ||||||||
| Portion that, if recognized, would reduce tax expense and effective tax rate(a) | 0-270 | 0-550 | 0-600 |
| UNRECOGNIZED TAX BENEFITS RECONCILIATION | 2024 | 2023 | 2022 | ||||||||
| Balance at January 1 | $ | 3,399\u00a0 | $ | 3,951\u00a0 | $ | 4,224\u00a0 | |||||
| Additions for tax positions of the current year | 68\u00a0 | 109\u00a0 | 62\u00a0 | ||||||||
| Additions for tax positions of prior years | 77\u00a0 | 156\u00a0 | 120\u00a0 | ||||||||
| Reductions for tax positions of prior years(a) | (649) | (710) | (393) | ||||||||
| Settlements with tax authorities | (14) | (56) | (8) | ||||||||
| Expiration of the statute of limitations | (57) | (51) | (54) | ||||||||
| Balance at December 31 | $ | 2,824\u00a0 | $ | 3,399\u00a0 | $ | 3,951\u00a0 |
DEFERRED INCOME TAXES December 31 | 2024 | 2023 | ||||||
| Total assets | $ | 7,479\u00a0 | $ | 7,891\u00a0 | ||||
| Total liabilities | (368) | (389) | ||||||
| Net deferred income tax asset (liability) | $ | 7,111\u00a0 | $ | 7,502\u00a0 |
COMPONENTS OF THE NET DEFERRED INCOME TAX ASSET (LIABILITY) December 31 | 2024 | 2023 | ||||||
| Deferred tax assets | ||||||||
| \u00a0\u00a0\u00a0\u00a0\u00a0Insurance company loss reserves | $ | 2,349\u00a0 | $ | 3,185\u00a0 | ||||
| \u00a0\u00a0\u00a0\u00a0\u00a0Progress collections, Contract assets, Contract liabilities and deferred items | 1,435\u00a0 | 1,632\u00a0 | ||||||
| \u00a0\u00a0\u00a0\u00a0\u00a0Accrued expenses and reserves | 1,231\u00a0 | 1,241\u00a0 | ||||||
| \u00a0\u00a0\u00a0\u00a0\u00a0Deferred expenses | 1,398\u00a0 | 1,235\u00a0 | ||||||
| \u00a0\u00a0\u00a0\u00a0\u00a0Other compensation and benefits | 510\u00a0 | 521\u00a0 | ||||||
| \u00a0\u00a0\u00a0\u00a0\u00a0Principal pension plans | 1,009\u00a0 | 1,146\u00a0 | ||||||
| \u00a0\u00a0\u00a0\u00a0\u00a0Non-U.S. loss carryforwards(a) | 1,891\u00a0 | 1,879\u00a0 | ||||||
| \u00a0\u00a0\u00a0\u00a0\u00a0Capital losses carryforward | 849\u00a0 | 582\u00a0 | ||||||
| \u00a0\u00a0\u00a0\u00a0\u00a0State deferred tax assets(b) | 762\u00a0 | 813\u00a0 | ||||||
| \u00a0\u00a0\u00a0\u00a0\u00a0Other | 1,514\u00a0 | 1,490\u00a0 | ||||||
| Total deferred tax assets | $ | 12,948\u00a0 | $ | 13,724\u00a0 | ||||
| \u00a0\u00a0\u00a0\u00a0\u00a0Valuation allowance(a)(b)(c) | (3,216) | (3,416) | ||||||
| Total deferred tax assets after valuation allowance | 9,732\u00a0 | 10,308\u00a0 | ||||||
| Deferred tax liabilities | ||||||||
\u00a0\u00a0\u00a0\u00a0\u00a0Intangibles | $ | (1,049) | $ | (1,129) | ||||
\u00a0\u00a0\u00a0\u00a0\u00a0Depreciation | (712) | (635) | ||||||
| \u00a0\u00a0\u00a0\u00a0\u00a0Investment in securities | (661) | (645) | ||||||
| \u00a0\u00a0\u00a0\u00a0\u00a0Other | (199) | (397) | ||||||
| Total deferred tax liabilities | (2,621) | (2,806) | ||||||
| Net deferred income tax asset (liability) | $ | 7,111\u00a0 | $ | 7,502\u00a0 |
DEFERRED TAX ASSETS VALUATION ALLOWANCE | |||||
| Balance at December 31, 2021 | $ | (3,348) | |||
| Additions charged to income tax expense | (10) | ||||
| Reductions credited to income tax expense | \u2014\u00a0 | ||||
| Other adjustments(a) | (1,806) | ||||
| Balance at December 31, 2022 | $ | (5,164) | |||
| Additions charged to income tax expense | \u2014\u00a0 | ||||
| Reductions credited to income tax expense | 102\u00a0 | ||||
| Other adjustments(b) | 1,646\u00a0 | ||||
| Balance at December 31, 2023 | $ | (3,416) | |||
| Additions charged to income tax expense | (2) | ||||
| Reductions credited to income tax expense | 184\u00a0 | ||||
| Other adjustments | 18\u00a0 | ||||
| Balance at December 31, 2024 | $ | (3,216) |
| EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | 2024 | 2023 | 2022 | ||||||||
| U.S. earnings (loss) | $ | 4,809\u00a0 | $ | 7,195\u00a0 | $ | (249) | |||||
| Non-U.S. earnings (loss) | 2,811\u00a0 | 3,246\u00a0 | 1,771\u00a0 | ||||||||
| Total | $ | 7,620\u00a0 | $ | 10,441\u00a0 | $ | 1,522\u00a0 |
| PROVISION (BENEFIT) FOR INCOME TAXES | 2024 | 2023 | 2022 | ||||||||
| Current | |||||||||||
| U.S. Federal | $ | 310\u00a0 | $ | (588) | $ | (117) | |||||
| Non-U.S. | 423\u00a0 | 314\u00a0 | 307\u00a0 | ||||||||
| U.S. State | 48\u00a0 | 134\u00a0 | (48) | ||||||||
| Deferred | |||||||||||
| U.S. Federal | 250\u00a0 | 622\u00a0 | (382) | ||||||||
| Non-U.S. | 59\u00a0 | 453\u00a0 | 493\u00a0 | ||||||||
| U.S. State | (128) | 59\u00a0 | (84) | ||||||||
| Total | $ | 962\u00a0 | $ | 994\u00a0 | $ | 169\u00a0 |
| RECONCILIATION OF U.S. FEDERAL STATUTORY INCOME TAX RATE TO ACTUAL INCOME TAX RATE | 2024 | 2023 | 2022 | |||||||||||||||||||||||
| Amount | Rate | Amount | Rate | Amount | Rate | |||||||||||||||||||||
| U.S. federal statutory income tax rate | $ | 1,600\u00a0 | 21.0\u00a0 | % | $ | 2,193\u00a0 | 21.0\u00a0 | % | $ | 320\u00a0 | 21.0\u00a0 | % | ||||||||||||||
| State Taxes, net of federal benefit | 123\u00a0 | 1.6\u00a0 | 152\u00a0 | 1.5\u00a0 | (114) | (7.5) | ||||||||||||||||||||
| Tax on global activities including exports(a) | (92) | (1.2) | 78\u00a0 | 0.7\u00a0 | (29) | (1.9) | ||||||||||||||||||||
| U.S. business credits(b) | (242) | (3.2) | (254) | (2.4) | (198) | (13.0) | ||||||||||||||||||||
| Retained and sold ownership interests | (110) | (1.4) | (1,215) | (11.6) | 2\u00a0 | 0.1\u00a0 | ||||||||||||||||||||
| All other \u2013 net(c) | (317) | (4.2) | 40\u00a0 | 0.3\u00a0 | 188\u00a0 | 12.4\u00a0 | ||||||||||||||||||||
| (638) | (8.4) | (1,199) | (11.5) | (151) | (9.9) | |||||||||||||||||||||
| Actual income tax rate | $ | 962\u00a0 | 12.6\u00a0 | % | $ | 994\u00a0 | 9.5\u00a0 | % | $ | 169\u00a0 | 11.1\u00a0 | % |
UNRECOGNIZED TAX BENEFITS December 31 | 2024 | 2023 | 2022 | ||||||||
| Unrecognized tax benefits | $ | 2,824\u00a0 | $ | 3,399\u00a0 | $ | 3,951\u00a0 | |||||
| Portion that, if recognized, would reduce tax expense and effective tax rate(a) | 2,110\u00a0 | 2,708\u00a0 | 3,072\u00a0 | ||||||||
| Accrued interest on unrecognized tax benefits | 609\u00a0 | 635\u00a0 | 614\u00a0 | ||||||||
| Accrued penalties on unrecognized tax benefits | 14\u00a0 | 111\u00a0 | 111\u00a0 | ||||||||
Reasonably possible reduction to the balance of unrecognized tax benefits in succeeding 12 months | 0-300 | 0-610 | 0-650 | ||||||||
| Portion that, if recognized, would reduce tax expense and effective tax rate(a) | 0-270 | 0-550 | 0-600 |
| UNRECOGNIZED TAX BENEFITS RECONCILIATION | 2024 | 2023 | 2022 | ||||||||
| Balance at January 1 | $ | 3,399\u00a0 | $ | 3,951\u00a0 | $ | 4,224\u00a0 | |||||
| Additions for tax positions of the current year | 68\u00a0 | 109\u00a0 | 62\u00a0 | ||||||||
| Additions for tax positions of prior years | 77\u00a0 | 156\u00a0 | 120\u00a0 | ||||||||
| Reductions for tax positions of prior years(a) | (649) | (710) | (393) | ||||||||
| Settlements with tax authorities | (14) | (56) | (8) | ||||||||
| Expiration of the statute of limitations | (57) | (51) | (54) | ||||||||
| Balance at December 31 | $ | 2,824\u00a0 | $ | 3,399\u00a0 | $ | 3,951\u00a0 |
DEFERRED INCOME TAXES December 31 | 2024 | 2023 | ||||||
| Total assets | $ | 7,479\u00a0 | $ | 7,891\u00a0 | ||||
| Total liabilities | (368) | (389) | ||||||
| Net deferred income tax asset (liability) | $ | 7,111\u00a0 | $ | 7,502\u00a0 |
COMPONENTS OF THE NET DEFERRED INCOME TAX ASSET (LIABILITY) December 31 | 2024 | 2023 | ||||||
| Deferred tax assets | ||||||||
| \u00a0\u00a0\u00a0\u00a0\u00a0Insurance company loss reserves | $ | 2,349\u00a0 | $ | 3,185\u00a0 | ||||
| \u00a0\u00a0\u00a0\u00a0\u00a0Progress collections, Contract assets, Contract liabilities and deferred items | 1,435\u00a0 | 1,632\u00a0 | ||||||
| \u00a0\u00a0\u00a0\u00a0\u00a0Accrued expenses and reserves | 1,231\u00a0 | 1,241\u00a0 | ||||||
| \u00a0\u00a0\u00a0\u00a0\u00a0Deferred expenses | 1,398\u00a0 | 1,235\u00a0 | ||||||
| \u00a0\u00a0\u00a0\u00a0\u00a0Other compensation and benefits | 510\u00a0 | 521\u00a0 | ||||||
| \u00a0\u00a0\u00a0\u00a0\u00a0Principal pension plans | 1,009\u00a0 | 1,146\u00a0 | ||||||
| \u00a0\u00a0\u00a0\u00a0\u00a0Non-U.S. loss carryforwards(a) | 1,891\u00a0 | 1,879\u00a0 | ||||||
| \u00a0\u00a0\u00a0\u00a0\u00a0Capital losses carryforward | 849\u00a0 | 582\u00a0 | ||||||
| \u00a0\u00a0\u00a0\u00a0\u00a0State deferred tax assets(b) | 762\u00a0 | 813\u00a0 | ||||||
| \u00a0\u00a0\u00a0\u00a0\u00a0Other | 1,514\u00a0 | 1,490\u00a0 | ||||||
| Total deferred tax assets | $ | 12,948\u00a0 | $ | 13,724\u00a0 | ||||
| \u00a0\u00a0\u00a0\u00a0\u00a0Valuation allowance(a)(b)(c) | (3,216) | (3,416) | ||||||
| Total deferred tax assets after valuation allowance | 9,732\u00a0 | 10,308\u00a0 | ||||||
| Deferred tax liabilities | ||||||||
\u00a0\u00a0\u00a0\u00a0\u00a0Intangibles | $ | (1,049) | $ | (1,129) | ||||
\u00a0\u00a0\u00a0\u00a0\u00a0Depreciation | (712) | (635) | ||||||
| \u00a0\u00a0\u00a0\u00a0\u00a0Investment in securities | (661) | (645) | ||||||
| \u00a0\u00a0\u00a0\u00a0\u00a0Other | (199) | (397) | ||||||
| Total deferred tax liabilities | (2,621) | (2,806) | ||||||
| Net deferred income tax asset (liability) | $ | 7,111\u00a0 | $ | 7,502\u00a0 |
DEFERRED TAX ASSETS VALUATION ALLOWANCE | |||||
| Balance at December 31, 2021 | $ | (3,348) | |||
| Additions charged to income tax expense | (10) | ||||
| Reductions credited to income tax expense | \u2014\u00a0 | ||||
| Other adjustments(a) | (1,806) | ||||
| Balance at December 31, 2022 | $ | (5,164) | |||
| Additions charged to income tax expense | \u2014\u00a0 | ||||
| Reductions credited to income tax expense | 102\u00a0 | ||||
| Other adjustments(b) | 1,646\u00a0 | ||||
| Balance at December 31, 2023 | $ | (3,416) | |||
| Additions charged to income tax expense | (2) | ||||
| Reductions credited to income tax expense | 184\u00a0 | ||||
| Other adjustments | 18\u00a0 | ||||
| Balance at December 31, 2024 | $ | (3,216) |
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Dividends per share in dollars) | 2024 | 2023 | 2022 | |||||||||||
| Beginning balance | $ | (3,623) | $ | (5,893) | $ | (4,569) | ||||||||
AOCI before reclasses \u2013 net of taxes of $5, $74 and $144 | 36\u00a0 | 12\u00a0 | (1,326) | |||||||||||
Reclasses from AOCI \u2013 net of taxes of $103, $(626) and $\u2014(a) | 2,093\u00a0 | 2,262\u00a0 | \u2014\u00a0 | |||||||||||
| AOCI | 2,129\u00a0 | 2,274\u00a0 | (1,326) | |||||||||||
| Less AOCI attributable to noncontrolling interests | (22) | 4\u00a0 | (2) | |||||||||||
| Currency translation adjustments AOCI | $ | (1,472) | $ | (3,623) | $ | (5,893) | ||||||||
| Beginning balance | $ | 1,786\u00a0 | $ | 6,531\u00a0 | $ | 3,646\u00a0 | ||||||||
AOCI before reclasses \u2013 net of taxes of $22, $(497) and $597 | (8) | (1,874) | 2,117\u00a0 | |||||||||||
Reclasses from AOCI \u2013 net of taxes of $(269), $(778), and $216(a) | (1,119) | (2,873) | 772\u00a0 | |||||||||||
| AOCI | (1,127) | (4,747) | 2,889\u00a0 | |||||||||||
| Less AOCI attributable to noncontrolling interests | (7) | (2) | 3\u00a0 | |||||||||||
| Benefit plans AOCI | $ | 665\u00a0 | $ | 1,786\u00a0 | $ | 6,531\u00a0 | ||||||||
| Beginning balance | $ | (959) | $ | (1,927) | $ | 5,172\u00a0 | ||||||||
AOCI before reclasses \u2013 net of taxes of $(271), $248 and $(1,861) | (1,017) | 1,046\u00a0 | (7,135) | |||||||||||
Reclasses from AOCI \u2013 net of taxes of $4, $(7) and $(20) | 1\u00a0 | (78) | 36\u00a0 | |||||||||||
| AOCI | (1,016) | 968\u00a0 | (7,099) | |||||||||||
| Less AOCI attributable to noncontrolling interests | 12\u00a0 | \u2014\u00a0 | \u2014\u00a0 | |||||||||||
| Investment securities and cash flow hedges AOCI | $ | (1,985) | $ | (959) | $ | (1,927) | ||||||||
| Beginning balance | $ | (3,354) | $ | (983) | $ | (9,109) | ||||||||
AOCI before reclasses \u2013 net of taxes of $607, $(630) and $2,160 | 2,284\u00a0 | (2,371) | 8,126\u00a0 | |||||||||||
| AOCI | 2,284\u00a0 | (2,371) | 8,126\u00a0 | |||||||||||
| Long-duration insurance contracts AOCI | $ | (1,070) | $ | (3,354) | $ | (983) | ||||||||
AOCI at December 31 | $ | (3,861) | $ | (6,150) | $ | (2,272) | ||||||||
| Dividends declared per common share | $ | 1.12\u00a0 | $ | 0.32\u00a0 | $ | 0.32\u00a0 |
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Dividends per share in dollars) | 2024 | 2023 | 2022 | |||||||||||
| Beginning balance | $ | (3,623) | $ | (5,893) | $ | (4,569) | ||||||||
AOCI before reclasses \u2013 net of taxes of $5, $74 and $144 | 36\u00a0 | 12\u00a0 | (1,326) | |||||||||||
Reclasses from AOCI \u2013 net of taxes of $103, $(626) and $\u2014(a) | 2,093\u00a0 | 2,262\u00a0 | \u2014\u00a0 | |||||||||||
| AOCI | 2,129\u00a0 | 2,274\u00a0 | (1,326) | |||||||||||
| Less AOCI attributable to noncontrolling interests | (22) | 4\u00a0 | (2) | |||||||||||
| Currency translation adjustments AOCI | $ | (1,472) | $ | (3,623) | $ | (5,893) | ||||||||
| Beginning balance | $ | 1,786\u00a0 | $ | 6,531\u00a0 | $ | 3,646\u00a0 | ||||||||
AOCI before reclasses \u2013 net of taxes of $22, $(497) and $597 | (8) | (1,874) | 2,117\u00a0 | |||||||||||
Reclasses from AOCI \u2013 net of taxes of $(269), $(778), and $216(a) | (1,119) | (2,873) | 772\u00a0 | |||||||||||
| AOCI | (1,127) | (4,747) | 2,889\u00a0 | |||||||||||
| Less AOCI attributable to noncontrolling interests | (7) | (2) | 3\u00a0 | |||||||||||
| Benefit plans AOCI | $ | 665\u00a0 | $ | 1,786\u00a0 | $ | 6,531\u00a0 | ||||||||
| Beginning balance | $ | (959) | $ | (1,927) | $ | 5,172\u00a0 | ||||||||
AOCI before reclasses \u2013 net of taxes of $(271), $248 and $(1,861) | (1,017) | 1,046\u00a0 | (7,135) | |||||||||||
Reclasses from AOCI \u2013 net of taxes of $4, $(7) and $(20) | 1\u00a0 | (78) | 36\u00a0 | |||||||||||
| AOCI | (1,016) | 968\u00a0 | (7,099) | |||||||||||
| Less AOCI attributable to noncontrolling interests | 12\u00a0 | \u2014\u00a0 | \u2014\u00a0 | |||||||||||
| Investment securities and cash flow hedges AOCI | $ | (1,985) | $ | (959) | $ | (1,927) | ||||||||
| Beginning balance | $ | (3,354) | $ | (983) | $ | (9,109) | ||||||||
AOCI before reclasses \u2013 net of taxes of $607, $(630) and $2,160 | 2,284\u00a0 | (2,371) | 8,126\u00a0 | |||||||||||
| AOCI | 2,284\u00a0 | (2,371) | 8,126\u00a0 | |||||||||||
| Long-duration insurance contracts AOCI | $ | (1,070) | $ | (3,354) | $ | (983) | ||||||||
AOCI at December 31 | $ | (3,861) | $ | (6,150) | $ | (2,272) | ||||||||
| Dividends declared per common share | $ | 1.12\u00a0 | $ | 0.32\u00a0 | $ | 0.32\u00a0 |
| WEIGHTED AVERAGE GRANT DATE FAIR VALUE | 2024 | 2023 | 2022 | |||||||||||
| Stock options | $ | 65.16\u00a0 | $ | 36.10\u00a0 | $ | 34.03\u00a0 | ||||||||
| RSUs | 160.70\u00a0 | 89.60\u00a0 | 87.68\u00a0 | |||||||||||
| PSUs | 150.05\u00a0 | 89.44\u00a0 | 95.40\u00a0 |
| STOCK-BASED COMPENSATION ACTIVITY | Stock options | RSUs | |||||||||||||||||||||||||||
| Shares (in thousands) | Weighted average exercise price | Weighted average contractual term (in years) | Intrinsic value (in millions) | Shares (in thousands) | Weighted average grant date fair value | Weighted average contractual term (in years) | Intrinsic value (in millions) | ||||||||||||||||||||||
| Outstanding at January 1, 2024 | 22,573\u00a0 | $ | 122.35\u00a0 | 8,103\u00a0 | $ | 76.52\u00a0 | |||||||||||||||||||||||
| Spin-off adjustment(a) | 1,941\u00a0 | N/A | (2,224) | N/A | |||||||||||||||||||||||||
| Granted | 995\u00a0 | 160.51\u00a0 | 1,503\u00a0 | 160.70\u00a0 | |||||||||||||||||||||||||
| Exercised | (13,401) | 111.31\u00a0 | (3,452) | 67.89\u00a0 | |||||||||||||||||||||||||
| Forfeited | (125) | 98.68\u00a0 | (324) | 91.53\u00a0 | |||||||||||||||||||||||||
| Expired | (1,066) | 152.97\u00a0 | N/A | N/A | |||||||||||||||||||||||||
| Outstanding at December 31, 2024 | 10,917\u00a0 | $ | 91.78\u00a0 | 3.6 | $ | 819\u00a0 | 3,607\u00a0 | $ | 103.70\u00a0 | 1.6 | $ | 602\u00a0 | |||||||||||||||||
| Exercisable at December 31, 2024 | 9,829\u00a0 | $ | 85.52\u00a0 | 3.0 | $ | 799\u00a0 | N/A | N/A | N/A | N/A | |||||||||||||||||||
| Expected to vest | 887\u00a0 | $ | 146.70\u00a0 | 9.2 | $ | 18\u00a0 | 3,199\u00a0 | $ | 100.77\u00a0 | 1.5 | $ | 534\u00a0 |
| 2024 | 2023 | 2022 | |||||||||
| Compensation expense (after-tax)(a) | $ | 286\u00a0 | $ | 192\u00a0 | $ | 143\u00a0 | |||||
| Cash received from stock options exercised | 1,492\u00a0 | 565\u00a0 | 62\u00a0 | ||||||||
| Intrinsic value of stock options exercised and RSU/PSU/Performance shares vested | 1,754\u00a0 | 561\u00a0 | 170\u00a0 |
| WEIGHTED AVERAGE GRANT DATE FAIR VALUE | 2024 | 2023 | 2022 | |||||||||||
| Stock options | $ | 65.16\u00a0 | $ | 36.10\u00a0 | $ | 34.03\u00a0 | ||||||||
| RSUs | 160.70\u00a0 | 89.60\u00a0 | 87.68\u00a0 | |||||||||||
| PSUs | 150.05\u00a0 | 89.44\u00a0 | 95.40\u00a0 |
| STOCK-BASED COMPENSATION ACTIVITY | Stock options | RSUs | |||||||||||||||||||||||||||
| Shares (in thousands) | Weighted average exercise price | Weighted average contractual term (in years) | Intrinsic value (in millions) | Shares (in thousands) | Weighted average grant date fair value | Weighted average contractual term (in years) | Intrinsic value (in millions) | ||||||||||||||||||||||
| Outstanding at January 1, 2024 | 22,573\u00a0 | $ | 122.35\u00a0 | 8,103\u00a0 | $ | 76.52\u00a0 | |||||||||||||||||||||||
| Spin-off adjustment(a) | 1,941\u00a0 | N/A | (2,224) | N/A | |||||||||||||||||||||||||
| Granted | 995\u00a0 | 160.51\u00a0 | 1,503\u00a0 | 160.70\u00a0 | |||||||||||||||||||||||||
| Exercised | (13,401) | 111.31\u00a0 | (3,452) | 67.89\u00a0 | |||||||||||||||||||||||||
| Forfeited | (125) | 98.68\u00a0 | (324) | 91.53\u00a0 | |||||||||||||||||||||||||
| Expired | (1,066) | 152.97\u00a0 | N/A | N/A | |||||||||||||||||||||||||
| Outstanding at December 31, 2024 | 10,917\u00a0 | $ | 91.78\u00a0 | 3.6 | $ | 819\u00a0 | 3,607\u00a0 | $ | 103.70\u00a0 | 1.6 | $ | 602\u00a0 | |||||||||||||||||
| Exercisable at December 31, 2024 | 9,829\u00a0 | $ | 85.52\u00a0 | 3.0 | $ | 799\u00a0 | N/A | N/A | N/A | N/A | |||||||||||||||||||
| Expected to vest | 887\u00a0 | $ | 146.70\u00a0 | 9.2 | $ | 18\u00a0 | 3,199\u00a0 | $ | 100.77\u00a0 | 1.5 | $ | 534\u00a0 |
| 2024 | 2023 | 2022 | |||||||||
| Compensation expense (after-tax)(a) | $ | 286\u00a0 | $ | 192\u00a0 | $ | 143\u00a0 | |||||
| Cash received from stock options exercised | 1,492\u00a0 | 565\u00a0 | 62\u00a0 | ||||||||
| Intrinsic value of stock options exercised and RSU/PSU/Performance shares vested | 1,754\u00a0 | 561\u00a0 | 170\u00a0 |
| 2024 | 2023 | 2022 | |||||||||
| Compensation expense (after-tax)(a) | $ | 286\u00a0 | $ | 192\u00a0 | $ | 143\u00a0 | |||||
| Cash received from stock options exercised | 1,492\u00a0 | 565\u00a0 | 62\u00a0 | ||||||||
| Intrinsic value of stock options exercised and RSU/PSU/Performance shares vested | 1,754\u00a0 | 561\u00a0 | 170\u00a0 |
| 2024 | 2023 | 2022 | ||||||||||||||||||||||||
| (Earnings for per-share calculation, shares in millions, per-share amounts in dollars) | Diluted | Basic | Diluted | Basic | Diluted | Basic | ||||||||||||||||||||
| Earnings (loss) from continuing operations | $ | 6,670\u00a0 | $ | 6,670\u00a0 | $ | 9,446\u00a0 | $ | 9,449\u00a0 | $ | 1,350\u00a0 | $ | 1,350\u00a0 | ||||||||||||||
Preferred stock dividends and other and accretion of preferred share repurchase(a) | \u2014\u00a0 | \u2014\u00a0 | (295) | (295) | (285) | (285) | ||||||||||||||||||||
| Earnings (loss) from continuing operations attributable to common shareholders | 6,670\u00a0 | 6,670\u00a0 | 9,151\u00a0 | 9,154\u00a0 | 1,065\u00a0 | 1,065\u00a0 | ||||||||||||||||||||
Earnings (loss) from discontinued operations | (114) | (114) | 33\u00a0 | 33\u00a0 | (1,014) | (1,014) | ||||||||||||||||||||
| Net earnings (loss) attributable to common shareholders | 6,556\u00a0 | 6,556\u00a0 | 9,184\u00a0 | 9,187\u00a0 | 51\u00a0 | 51\u00a0 | ||||||||||||||||||||
| Shares of common stock outstanding | 1,085\u00a0 | 1,085\u00a0 | 1,089\u00a0 | 1,089\u00a0 | 1,096\u00a0 | 1,096\u00a0 | ||||||||||||||||||||
Employee compensation-related shares (including stock options) | 10\u00a0 | \u2014\u00a0 | 10\u00a0 | \u2014\u00a0 | 6\u00a0 | \u2014\u00a0 | ||||||||||||||||||||
Total average equivalent shares | 1,094\u00a0 | 1,085\u00a0 | 1,099\u00a0 | 1,089\u00a0 | 1,101\u00a0 | 1,096\u00a0 | ||||||||||||||||||||
| Earnings (loss) from continuing operations | $ | 6.09\u00a0 | $ | 6.15\u00a0 | $ | 8.33\u00a0 | $ | 8.41\u00a0 | $ | 0.97\u00a0 | $ | 0.97\u00a0 | ||||||||||||||
| Earnings (loss) from discontinued operations | (0.10) | (0.11) | 0.03\u00a0 | 0.03\u00a0 | (0.92) | (0.93) | ||||||||||||||||||||
| Net earnings (loss) per share | 5.99\u00a0 | 6.04\u00a0 | 8.36\u00a0 | 8.44\u00a0 | 0.05\u00a0 | 0.05\u00a0 | ||||||||||||||||||||
Potentially dilutive securities(b) | 6\u00a0 | 24\u00a0 | 44\u00a0 |
| 2024 | 2023 | 2022 | ||||||||||||||||||||||||
| (Earnings for per-share calculation, shares in millions, per-share amounts in dollars) | Diluted | Basic | Diluted | Basic | Diluted | Basic | ||||||||||||||||||||
| Earnings (loss) from continuing operations | $ | 6,670\u00a0 | $ | 6,670\u00a0 | $ | 9,446\u00a0 | $ | 9,449\u00a0 | $ | 1,350\u00a0 | $ | 1,350\u00a0 | ||||||||||||||
Preferred stock dividends and other and accretion of preferred share repurchase(a) | \u2014\u00a0 | \u2014\u00a0 | (295) | (295) | (285) | (285) | ||||||||||||||||||||
| Earnings (loss) from continuing operations attributable to common shareholders | 6,670\u00a0 | 6,670\u00a0 | 9,151\u00a0 | 9,154\u00a0 | 1,065\u00a0 | 1,065\u00a0 | ||||||||||||||||||||
Earnings (loss) from discontinued operations | (114) | (114) | 33\u00a0 | 33\u00a0 | (1,014) | (1,014) | ||||||||||||||||||||
| Net earnings (loss) attributable to common shareholders | 6,556\u00a0 | 6,556\u00a0 | 9,184\u00a0 | 9,187\u00a0 | 51\u00a0 | 51\u00a0 | ||||||||||||||||||||
| Shares of common stock outstanding | 1,085\u00a0 | 1,085\u00a0 | 1,089\u00a0 | 1,089\u00a0 | 1,096\u00a0 | 1,096\u00a0 | ||||||||||||||||||||
Employee compensation-related shares (including stock options) | 10\u00a0 | \u2014\u00a0 | 10\u00a0 | \u2014\u00a0 | 6\u00a0 | \u2014\u00a0 | ||||||||||||||||||||
Total average equivalent shares | 1,094\u00a0 | 1,085\u00a0 | 1,099\u00a0 | 1,089\u00a0 | 1,101\u00a0 | 1,096\u00a0 | ||||||||||||||||||||
| Earnings (loss) from continuing operations | $ | 6.09\u00a0 | $ | 6.15\u00a0 | $ | 8.33\u00a0 | $ | 8.41\u00a0 | $ | 0.97\u00a0 | $ | 0.97\u00a0 | ||||||||||||||
| Earnings (loss) from discontinued operations | (0.10) | (0.11) | 0.03\u00a0 | 0.03\u00a0 | (0.92) | (0.93) | ||||||||||||||||||||
| Net earnings (loss) per share | 5.99\u00a0 | 6.04\u00a0 | 8.36\u00a0 | 8.44\u00a0 | 0.05\u00a0 | 0.05\u00a0 | ||||||||||||||||||||
Potentially dilutive securities(b) | 6\u00a0 | 24\u00a0 | 44\u00a0 |
| 2024 | 2023 | 2022 | |||||||||
| Investment in GE HealthCare realized and unrealized gain (loss) | $ | 480\u00a0 | $ | 5,639\u00a0 | $ | \u2014\u00a0 | |||||
| Investment in and note with AerCap realized and unrealized gain (loss) | 38\u00a0 | 129\u00a0 | (865) | ||||||||
| Investment in Baker Hughes realized and unrealized gain (loss) | \u2014\u00a0 | 10\u00a0 | 912\u00a0 | ||||||||
| Gains (losses) on retained and sold ownership interests | $ | 518\u00a0 | $ | 5,778\u00a0 | $ | 47\u00a0 | |||||
| Other net interest and investment income (loss)(a) | 813\u00a0 | 637\u00a0 | 466\u00a0 | ||||||||
| Licensing and royalty income | 210\u00a0 | 148\u00a0 | 115\u00a0 | ||||||||
| Equity method income | 173\u00a0 | 169\u00a0 | 70\u00a0 | ||||||||
| Purchases and sales of business interests(b) | 399\u00a0 | (105) | 38\u00a0 | ||||||||
| Other items | 151\u00a0 | 92\u00a0 | 74\u00a0 | ||||||||
| $ | 2,264\u00a0 | $ | 6,718\u00a0 | $ | 811\u00a0 |
| 2024 | 2023 | 2022 | |||||||||
| Investment in GE HealthCare realized and unrealized gain (loss) | $ | 480\u00a0 | $ | 5,639\u00a0 | $ | \u2014\u00a0 | |||||
| Investment in and note with AerCap realized and unrealized gain (loss) | 38\u00a0 | 129\u00a0 | (865) | ||||||||
| Investment in Baker Hughes realized and unrealized gain (loss) | \u2014\u00a0 | 10\u00a0 | 912\u00a0 | ||||||||
| Gains (losses) on retained and sold ownership interests | $ | 518\u00a0 | $ | 5,778\u00a0 | $ | 47\u00a0 | |||||
| Other net interest and investment income (loss)(a) | 813\u00a0 | 637\u00a0 | 466\u00a0 | ||||||||
| Licensing and royalty income | 210\u00a0 | 148\u00a0 | 115\u00a0 | ||||||||
| Equity method income | 173\u00a0 | 169\u00a0 | 70\u00a0 | ||||||||
| Purchases and sales of business interests(b) | 399\u00a0 | (105) | 38\u00a0 | ||||||||
| Other items | 151\u00a0 | 92\u00a0 | 74\u00a0 | ||||||||
| $ | 2,264\u00a0 | $ | 6,718\u00a0 | $ | 811\u00a0 |
| RESTRUCTURING AND OTHER CHARGES | 2024 | 2023 | 2022 | ||||||||
| Workforce reductions | $ | 107\u00a0 | $ | 166\u00a0 | $ | 162\u00a0 | |||||
| Plant closures & associated costs and other asset write-downs | 74\u00a0 | 84\u00a0 | 368\u00a0 | ||||||||
Acquisition/disposition net charges and other | 366\u00a0 | 10\u00a0 | \u2014\u00a0 | ||||||||
| $ | 546\u00a0 | $ | 260\u00a0 | $ | 530\u00a0 | ||||||
| Cost of equipment/services | $ | 27\u00a0 | $ | 10\u00a0 | $ | 15\u00a0 | |||||
| Selling, general and administrative expenses | 519\u00a0 | 250\u00a0 | 516\u00a0 | ||||||||
| Total restructuring and other charges(a) | $ | 546\u00a0 | $ | 260\u00a0 | $ | 530\u00a0 | |||||
| Restructuring and other cash expenditures(b) | $ | 507\u00a0 | $ | 204\u00a0 | $ | 116\u00a0 |
| RESTRUCTURING AND OTHER CHARGES | 2024 | 2023 | 2022 | ||||||||
| Workforce reductions | $ | 107\u00a0 | $ | 166\u00a0 | $ | 162\u00a0 | |||||
| Plant closures & associated costs and other asset write-downs | 74\u00a0 | 84\u00a0 | 368\u00a0 | ||||||||
Acquisition/disposition net charges and other | 366\u00a0 | 10\u00a0 | \u2014\u00a0 | ||||||||
| $ | 546\u00a0 | $ | 260\u00a0 | $ | 530\u00a0 | ||||||
| Cost of equipment/services | $ | 27\u00a0 | $ | 10\u00a0 | $ | 15\u00a0 | |||||
| Selling, general and administrative expenses | 519\u00a0 | 250\u00a0 | 516\u00a0 | ||||||||
| Total restructuring and other charges(a) | $ | 546\u00a0 | $ | 260\u00a0 | $ | 530\u00a0 | |||||
| Restructuring and other cash expenditures(b) | $ | 507\u00a0 | $ | 204\u00a0 | $ | 116\u00a0 |
| ASSETS AND LIABILITIES MEASURED AT FAIR VALUE ON A RECURRING BASIS | ||||||||||||||||||||||||||||||||
| Level 1 | Level 2 | Level 3(a) | Netting adjustment(b) | Net balance(c) | ||||||||||||||||||||||||||||
| December 31 | 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | ||||||||||||||||||||||
| Investment securities | $ | 14\u00a0 | $ | 4,767\u00a0 | $ | 33,635\u00a0 | $ | 32,098\u00a0 | $ | 5,074\u00a0 | $ | 6,841\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 38,723\u00a0 | $ | 43,706\u00a0 | ||||||||||||
| Derivatives | \u2014\u00a0 | \u2014\u00a0 | 243\u00a0 | 270\u00a0 | \u2014\u00a0 | \u2014\u00a0 | (55) | (28) | 188\u00a0 | 243\u00a0 | ||||||||||||||||||||||
| Total assets | $ | 14\u00a0 | $ | 4,767\u00a0 | $ | 33,878\u00a0 | $ | 32,368\u00a0 | $ | 5,074\u00a0 | $ | 6,841\u00a0 | $ | (55) | $ | (28) | $ | 38,911\u00a0 | $ | 43,949\u00a0 | ||||||||||||
| Derivatives | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 131\u00a0 | $ | 78\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | (54) | $ | (26) | $ | 77\u00a0 | $ | 53\u00a0 | ||||||||||||
| Other(d) | \u2014\u00a0 | \u2014\u00a0 | 367\u00a0 | 311\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 367\u00a0 | 311\u00a0 | ||||||||||||||||||||||
| Total liabilities | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 498\u00a0 | $ | 389\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | (54) | $ | (26) | $ | 444\u00a0 | $ | 364\u00a0 |
Balance at January 1 | Net realized/unrealized gains(losses)(a) | Purchases(b) | Sales & Settlements | Transfers into Level 3 | Transfers out of Level 3(c) | Balance at December 31 | |||||||||||||||||
| 2024 | |||||||||||||||||||||||
| Investment securities | $ | 6,841\u00a0 | $ | 20\u00a0 | $ | 1,505\u00a0 | $ | (768) | $ | 12\u00a0 | $ | (2,536) | $ | 5,074\u00a0 | |||||||||
| 2023 | |||||||||||||||||||||||
| Investment securities | $ | 6,421\u00a0 | $ | 195\u00a0 | $ | 617\u00a0 | $ | (398) | $ | 37\u00a0 | $ | (30) | $ | 6,841\u00a0 | |||||||||
| ASSETS AND LIABILITIES MEASURED AT FAIR VALUE ON A RECURRING BASIS | ||||||||||||||||||||||||||||||||
| Level 1 | Level 2 | Level 3(a) | Netting adjustment(b) | Net balance(c) | ||||||||||||||||||||||||||||
| December 31 | 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | ||||||||||||||||||||||
| Investment securities | $ | 14\u00a0 | $ | 4,767\u00a0 | $ | 33,635\u00a0 | $ | 32,098\u00a0 | $ | 5,074\u00a0 | $ | 6,841\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 38,723\u00a0 | $ | 43,706\u00a0 | ||||||||||||
| Derivatives | \u2014\u00a0 | \u2014\u00a0 | 243\u00a0 | 270\u00a0 | \u2014\u00a0 | \u2014\u00a0 | (55) | (28) | 188\u00a0 | 243\u00a0 | ||||||||||||||||||||||
| Total assets | $ | 14\u00a0 | $ | 4,767\u00a0 | $ | 33,878\u00a0 | $ | 32,368\u00a0 | $ | 5,074\u00a0 | $ | 6,841\u00a0 | $ | (55) | $ | (28) | $ | 38,911\u00a0 | $ | 43,949\u00a0 | ||||||||||||
| Derivatives | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 131\u00a0 | $ | 78\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | (54) | $ | (26) | $ | 77\u00a0 | $ | 53\u00a0 | ||||||||||||
| Other(d) | \u2014\u00a0 | \u2014\u00a0 | 367\u00a0 | 311\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 367\u00a0 | 311\u00a0 | ||||||||||||||||||||||
| Total liabilities | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 498\u00a0 | $ | 389\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | (54) | $ | (26) | $ | 444\u00a0 | $ | 364\u00a0 |
Balance at January 1 | Net realized/unrealized gains(losses)(a) | Purchases(b) | Sales & Settlements | Transfers into Level 3 | Transfers out of Level 3(c) | Balance at December 31 | |||||||||||||||||
| 2024 | |||||||||||||||||||||||
| Investment securities | $ | 6,841\u00a0 | $ | 20\u00a0 | $ | 1,505\u00a0 | $ | (768) | $ | 12\u00a0 | $ | (2,536) | $ | 5,074\u00a0 | |||||||||
| 2023 | |||||||||||||||||||||||
| Investment securities | $ | 6,421\u00a0 | $ | 195\u00a0 | $ | 617\u00a0 | $ | (398) | $ | 37\u00a0 | $ | (30) | $ | 6,841\u00a0 | |||||||||
| December 31, 2024 | December 31, 2023 | |||||||||||||||||||
| Carrying amount (net) | Estimated fair value | Carrying amount (net) | Estimated fair value | |||||||||||||||||
| Assets | Loans and other receivables | $ | 2,261\u00a0 | $ | 1,981\u00a0 | $ | 2,110\u00a0 | $ | 2,055\u00a0 | |||||||||||
| Liabilities | Borrowings (Note 10) | 19,273\u00a0 | 18,805\u00a0 | 20,525\u00a0 | 20,218\u00a0 | |||||||||||||||
| Investment contracts(a) | 1,375\u00a0 | 1,432\u00a0 | 1,535\u00a0 | 1,616\u00a0 |
| FAIR VALUE OF DERIVATIVES | December 31, 2024 | December 31, 2023 | |||||||||||||||||||||
| Gross Notional | Gross Notional | ||||||||||||||||||||||
| Qualifying currency exchange contracts(a) | $ | 2,289\u00a0 | $ | 44\u00a0 | $ | 40\u00a0 | $ | 1,613\u00a0 | $ | 26\u00a0 | $ | 22\u00a0 | |||||||||||
| Non-qualifying currency exchange contracts and other(b) | 6,759\u00a0 | 199\u00a0 | 91\u00a0 | 16,277\u00a0 | 245\u00a0 | 56\u00a0 | |||||||||||||||||
| Gross derivatives | $ | 9,047\u00a0 | $ | 243\u00a0 | $ | 131\u00a0 | $ | 17,890\u00a0 | $ | 271\u00a0 | $ | 78\u00a0 | |||||||||||
| Netting and credit adjustments | $ | (55) | $ | (54) | $ | (28) | $ | (26) | |||||||||||||||
| Net derivatives recognized in statement of financial position | $ | 188\u00a0 | $ | 77\u00a0 | $ | 243\u00a0 | $ | 53\u00a0 | |||||||||||||||
| Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) on Derivatives | Amount of Gain (Loss) Reclassified from AOCI into Net income | |||||||||||||
| 2024 | 2023 | 2024 | 2023 | |||||||||||
| Cash flow hedges(a) | $ | (64) | $ | 49\u00a0 | $ | 16\u00a0 | $ | 53\u00a0 | ||||||
| Net investment hedges(b) | 348\u00a0 | (150) | \u2014\u00a0 | \u2014\u00a0 |
| December 31, 2024 | December 31, 2023 | |||||||||||||||||||
| Carrying amount (net) | Estimated fair value | Carrying amount (net) | Estimated fair value | |||||||||||||||||
| Assets | Loans and other receivables | $ | 2,261\u00a0 | $ | 1,981\u00a0 | $ | 2,110\u00a0 | $ | 2,055\u00a0 | |||||||||||
| Liabilities | Borrowings (Note 10) | 19,273\u00a0 | 18,805\u00a0 | 20,525\u00a0 | 20,218\u00a0 | |||||||||||||||
| Investment contracts(a) | 1,375\u00a0 | 1,432\u00a0 | 1,535\u00a0 | 1,616\u00a0 |
| FAIR VALUE OF DERIVATIVES | December 31, 2024 | December 31, 2023 | |||||||||||||||||||||
| Gross Notional | Gross Notional | ||||||||||||||||||||||
| Qualifying currency exchange contracts(a) | $ | 2,289\u00a0 | $ | 44\u00a0 | $ | 40\u00a0 | $ | 1,613\u00a0 | $ | 26\u00a0 | $ | 22\u00a0 | |||||||||||
| Non-qualifying currency exchange contracts and other(b) | 6,759\u00a0 | 199\u00a0 | 91\u00a0 | 16,277\u00a0 | 245\u00a0 | 56\u00a0 | |||||||||||||||||
| Gross derivatives | $ | 9,047\u00a0 | $ | 243\u00a0 | $ | 131\u00a0 | $ | 17,890\u00a0 | $ | 271\u00a0 | $ | 78\u00a0 | |||||||||||
| Netting and credit adjustments | $ | (55) | $ | (54) | $ | (28) | $ | (26) | |||||||||||||||
| Net derivatives recognized in statement of financial position | $ | 188\u00a0 | $ | 77\u00a0 | $ | 243\u00a0 | $ | 53\u00a0 | |||||||||||||||
| FAIR VALUE OF DERIVATIVES | December 31, 2024 | December 31, 2023 | |||||||||||||||||||||
| Gross Notional | Gross Notional | ||||||||||||||||||||||
| Qualifying currency exchange contracts(a) | $ | 2,289\u00a0 | $ | 44\u00a0 | $ | 40\u00a0 | $ | 1,613\u00a0 | $ | 26\u00a0 | $ | 22\u00a0 | |||||||||||
| Non-qualifying currency exchange contracts and other(b) | 6,759\u00a0 | 199\u00a0 | 91\u00a0 | 16,277\u00a0 | 245\u00a0 | 56\u00a0 | |||||||||||||||||
| Gross derivatives | $ | 9,047\u00a0 | $ | 243\u00a0 | $ | 131\u00a0 | $ | 17,890\u00a0 | $ | 271\u00a0 | $ | 78\u00a0 | |||||||||||
| Netting and credit adjustments | $ | (55) | $ | (54) | $ | (28) | $ | (26) | |||||||||||||||
| Net derivatives recognized in statement of financial position | $ | 188\u00a0 | $ | 77\u00a0 | $ | 243\u00a0 | $ | 53\u00a0 | |||||||||||||||
| Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) on Derivatives | Amount of Gain (Loss) Reclassified from AOCI into Net income | |||||||||||||
| 2024 | 2023 | 2024 | 2023 | |||||||||||
| Cash flow hedges(a) | $ | (64) | $ | 49\u00a0 | $ | 16\u00a0 | $ | 53\u00a0 | ||||||
| Net investment hedges(b) | 348\u00a0 | (150) | \u2014\u00a0 | \u2014\u00a0 |
| 2024 | 2023 | 2022 | |||||||||
| Balance at January 1 | $ | 639\u00a0 | $ | 528\u00a0 | $ | 517\u00a0 | |||||
| Current-year provisions | 275\u00a0 | 277\u00a0 | 180\u00a0 | ||||||||
| Expenditures | (321) | (167) | (162) | ||||||||
| Other changes | (1) | \u2014\u00a0 | (6) | ||||||||
| Balance at December 31 | $ | 592\u00a0 | $ | 639\u00a0 | $ | 528\u00a0 |
| 2024 | 2023 | 2022 | |||||||||
| Balance at January 1 | $ | 639\u00a0 | $ | 528\u00a0 | $ | 517\u00a0 | |||||
| Current-year provisions | 275\u00a0 | 277\u00a0 | 180\u00a0 | ||||||||
| Expenditures | (321) | (167) | (162) | ||||||||
| Other changes | (1) | \u2014\u00a0 | (6) | ||||||||
| Balance at December 31 | $ | 592\u00a0 | $ | 639\u00a0 | $ | 528\u00a0 |
| REVENUE | Total revenue | Intersegment revenue | External revenue | ||||||||||||||||||||||||||||||||
| Years ended December 31 | 2024 | 2023 | 2022 | 2024 | 2023 | 2022 | 2024 | 2023 | 2022 | ||||||||||||||||||||||||||
| Commercial Engines & Services | $ | 26,881\u00a0 | $ | 23,855\u00a0 | $ | 18,813\u00a0 | $ | 216\u00a0 | $ | 559\u00a0 | $ | 451\u00a0 | $ | 26,666\u00a0 | $ | 23,296\u00a0 | $ | 18,362\u00a0 | |||||||||||||||||
| Defense & Propulsion Technologies | 9,478\u00a0 | 8,961\u00a0 | 7,989\u00a0 | 1,453\u00a0 | 1,253\u00a0 | 1,017\u00a0 | 8,025\u00a0 | 7,708\u00a0 | 6,972\u00a0 | ||||||||||||||||||||||||||
Corporate & Other | 2,343\u00a0 | 2,532\u00a0 | 2,337\u00a0 | (1,669) | (1,812) | (1,468) | 4,011\u00a0 | 4,344\u00a0 | 3,805\u00a0 | ||||||||||||||||||||||||||
| Total revenue | $ | 38,702\u00a0 | $ | 35,348\u00a0 | $ | 29,139\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 38,702\u00a0 | $ | 35,348\u00a0 | $ | 29,139\u00a0 |
| 2024 | 2023 | 2022 | |||||||||||||||||||||||||||||||||
| Years ended December 31 | Equipment | Services | Total | Equipment | Services | Total | Equipment | Services | Total | ||||||||||||||||||||||||||
| Commercial Engines & Services | $ | 7,106\u00a0 | $ | 19,775\u00a0 | $ | 26,881\u00a0 | $ | 6,169\u00a0 | $ | 17,686\u00a0 | $ | 23,855\u00a0 | $ | 5,125\u00a0 | $ | 13,688\u00a0 | $ | 18,813\u00a0 | |||||||||||||||||
| Defense & Propulsion Technologies | 4,208\u00a0 | 5,270\u00a0 | 9,478\u00a0 | 4,000\u00a0 | 4,961\u00a0 | 8,961\u00a0 | 3,405\u00a0 | 4,584\u00a0 | 7,989\u00a0 | ||||||||||||||||||||||||||
| Total segment revenue | $ | 11,315\u00a0 | $ | 25,045\u00a0 | $ | 36,360\u00a0 | $ | 10,170\u00a0 | $ | 22,647\u00a0 | $ | 32,816\u00a0 | $ | 8,530\u00a0 | $ | 18,272\u00a0 | $ | 26,802\u00a0 |
EXPENSES, PROFIT AND EARNINGS For the years ended December 31 | 2024 | 2023 | 2022 | ||||||||
| Commercial Engines & Services | |||||||||||
| Cost of revenue | $ | 17,703\u00a0 | $ | 16,575\u00a0 | $ | 13,329\u00a0 | |||||
| Selling, general and administrative expenses | 1,678\u00a0 | 1,386\u00a0 | 1,119\u00a0 | ||||||||
| Research and development | 993\u00a0 | 736\u00a0 | 543\u00a0 | ||||||||
| Other segment expenses (income)(a) | (548) | (484) | (342) | ||||||||
| Total Commercial Engines & Services expenses | 19,826\u00a0 | 18,213\u00a0 | 14,649\u00a0 | ||||||||
| Defense & Propulsion Technologies | |||||||||||
| Cost of revenue | 7,237\u00a0 | 6,929\u00a0 | 5,971\u00a0 | ||||||||
| Selling, general and administrative expenses | 954\u00a0 | 893\u00a0 | 810\u00a0 | ||||||||
| Research and development | 301\u00a0 | 277\u00a0 | 271\u00a0 | ||||||||
| Other segment expenses (income)(a) | (75) | (46) | (39) | ||||||||
| Total Defense & Propulsion Technologies expenses | 8,417\u00a0 | 8,053\u00a0 | 7,013\u00a0 | ||||||||
| Commercial Engines & Services | 7,055\u00a0 | 5,643\u00a0 | 4,164\u00a0 | ||||||||
| Defense & Propulsion Technologies | 1,061\u00a0 | 908\u00a0 | 976\u00a0 | ||||||||
| Total segment profit (loss) | 8,116\u00a0 | 6,551\u00a0 | 5,139\u00a0 | ||||||||
| Corporate & Other | (89) | 3,943\u00a0 | (1,876) | ||||||||
| Interest and other financial charges | (986) | (1,029) | (1,339) | ||||||||
| Debt extinguishment costs | \u2014\u00a0 | \u2014\u00a0 | (465) | ||||||||
| Non-operating benefit income (cost) | 842\u00a0 | 978\u00a0 | 60\u00a0 | ||||||||
| Goodwill impairments | (251) | \u2014\u00a0 | \u2014\u00a0 | ||||||||
| Benefit (provision) for income taxes | (962) | (994) | (169) | ||||||||
| Preferred stock dividends | \u2014\u00a0 | (295) | (289) | ||||||||
| Earnings (loss) from continuing operations attributable to\u00a0common shareholders | 6,670\u00a0 | 9,154\u00a0 | 1,061\u00a0 | ||||||||
| Earnings (loss) from discontinued operations attributable to common shareholders | (114) | 33\u00a0 | (1,014) | ||||||||
| Net earnings (loss) attributable to common shareholders | $ | 6,556\u00a0 | $ | 9,188\u00a0 | $ | 48\u00a0 |
| Years ended December 31 | 2024 | 2023 | 2022 | ||||||||
| U.S. | $ | 17,340\u00a0 | $ | 17,105\u00a0 | $ | 15,540\u00a0 | |||||
| Non-U.S. | |||||||||||
| Europe | 7,800\u00a0 | 7,248\u00a0 | 5,029\u00a0 | ||||||||
| China region | 3,634\u00a0 | 2,625\u00a0 | 1,919\u00a0 | ||||||||
| Asia (excluding China region) | 3,602\u00a0 | 3,109\u00a0 | 2,254\u00a0 | ||||||||
| Americas | 2,593\u00a0 | 1,862\u00a0 | 1,803\u00a0 | ||||||||
| Middle East and Africa | 3,734\u00a0 | 3,399\u00a0 | 2,594\u00a0 | ||||||||
| Total Non-U.S. | $ | 21,363\u00a0 | $ | 18,243\u00a0 | $ | 13,599\u00a0 | |||||
| Total geographic revenue | $ | 38,702\u00a0 | $ | 35,348\u00a0 | $ | 29,139\u00a0 | |||||
| Non-U.S. revenue as a % of total revenue | 55\u00a0 | % | 52\u00a0 | % | 47\u00a0 | % |
| December 31 | 2024 | 2023 | ||||||
| U.S. | $ | 5,166\u00a0 | $ | 5,215\u00a0 | ||||
| Non-U.S. | ||||||||
| Europe | 1,171\u00a0 | 1,194\u00a0 | ||||||
| Asia | 497\u00a0 | 500\u00a0 | ||||||
| Americas | 431\u00a0 | 332\u00a0 | ||||||
| Other Global | 12\u00a0 | 4\u00a0 | ||||||
| Total Non-U.S. | $ | 2,111\u00a0 | $ | 2,031\u00a0 | ||||
| Property, plant and equipment \u2013 net (Note 6) | $ | 7,277\u00a0 | $ | 7,246\u00a0 |
| REVENUE | Total revenue | Intersegment revenue | External revenue | ||||||||||||||||||||||||||||||||
| Years ended December 31 | 2024 | 2023 | 2022 | 2024 | 2023 | 2022 | 2024 | 2023 | 2022 | ||||||||||||||||||||||||||
| Commercial Engines & Services | $ | 26,881\u00a0 | $ | 23,855\u00a0 | $ | 18,813\u00a0 | $ | 216\u00a0 | $ | 559\u00a0 | $ | 451\u00a0 | $ | 26,666\u00a0 | $ | 23,296\u00a0 | $ | 18,362\u00a0 | |||||||||||||||||
| Defense & Propulsion Technologies | 9,478\u00a0 | 8,961\u00a0 | 7,989\u00a0 | 1,453\u00a0 | 1,253\u00a0 | 1,017\u00a0 | 8,025\u00a0 | 7,708\u00a0 | 6,972\u00a0 | ||||||||||||||||||||||||||
Corporate & Other | 2,343\u00a0 | 2,532\u00a0 | 2,337\u00a0 | (1,669) | (1,812) | (1,468) | 4,011\u00a0 | 4,344\u00a0 | 3,805\u00a0 | ||||||||||||||||||||||||||
| Total revenue | $ | 38,702\u00a0 | $ | 35,348\u00a0 | $ | 29,139\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 38,702\u00a0 | $ | 35,348\u00a0 | $ | 29,139\u00a0 |
| 2024 | 2023 | 2022 | |||||||||||||||||||||||||||||||||
| Years ended December 31 | Equipment | Services | Total | Equipment | Services | Total | Equipment | Services | Total | ||||||||||||||||||||||||||
| Commercial Engines & Services | $ | 7,106\u00a0 | $ | 19,775\u00a0 | $ | 26,881\u00a0 | $ | 6,169\u00a0 | $ | 17,686\u00a0 | $ | 23,855\u00a0 | $ | 5,125\u00a0 | $ | 13,688\u00a0 | $ | 18,813\u00a0 | |||||||||||||||||
| Defense & Propulsion Technologies | 4,208\u00a0 | 5,270\u00a0 | 9,478\u00a0 | 4,000\u00a0 | 4,961\u00a0 | 8,961\u00a0 | 3,405\u00a0 | 4,584\u00a0 | 7,989\u00a0 | ||||||||||||||||||||||||||
| Total segment revenue | $ | 11,315\u00a0 | $ | 25,045\u00a0 | $ | 36,360\u00a0 | $ | 10,170\u00a0 | $ | 22,647\u00a0 | $ | 32,816\u00a0 | $ | 8,530\u00a0 | $ | 18,272\u00a0 | $ | 26,802\u00a0 |
EXPENSES, PROFIT AND EARNINGS For the years ended December 31 | 2024 | 2023 | 2022 | ||||||||
| Commercial Engines & Services | |||||||||||
| Cost of revenue | $ | 17,703\u00a0 | $ | 16,575\u00a0 | $ | 13,329\u00a0 | |||||
| Selling, general and administrative expenses | 1,678\u00a0 | 1,386\u00a0 | 1,119\u00a0 | ||||||||
| Research and development | 993\u00a0 | 736\u00a0 | 543\u00a0 | ||||||||
| Other segment expenses (income)(a) | (548) | (484) | (342) | ||||||||
| Total Commercial Engines & Services expenses | 19,826\u00a0 | 18,213\u00a0 | 14,649\u00a0 | ||||||||
| Defense & Propulsion Technologies | |||||||||||
| Cost of revenue | 7,237\u00a0 | 6,929\u00a0 | 5,971\u00a0 | ||||||||
| Selling, general and administrative expenses | 954\u00a0 | 893\u00a0 | 810\u00a0 | ||||||||
| Research and development | 301\u00a0 | 277\u00a0 | 271\u00a0 | ||||||||
| Other segment expenses (income)(a) | (75) | (46) | (39) | ||||||||
| Total Defense & Propulsion Technologies expenses | 8,417\u00a0 | 8,053\u00a0 | 7,013\u00a0 | ||||||||
| Commercial Engines & Services | 7,055\u00a0 | 5,643\u00a0 | 4,164\u00a0 | ||||||||
| Defense & Propulsion Technologies | 1,061\u00a0 | 908\u00a0 | 976\u00a0 | ||||||||
| Total segment profit (loss) | 8,116\u00a0 | 6,551\u00a0 | 5,139\u00a0 | ||||||||
| Corporate & Other | (89) | 3,943\u00a0 | (1,876) | ||||||||
| Interest and other financial charges | (986) | (1,029) | (1,339) | ||||||||
| Debt extinguishment costs | \u2014\u00a0 | \u2014\u00a0 | (465) | ||||||||
| Non-operating benefit income (cost) | 842\u00a0 | 978\u00a0 | 60\u00a0 | ||||||||
| Goodwill impairments | (251) | \u2014\u00a0 | \u2014\u00a0 | ||||||||
| Benefit (provision) for income taxes | (962) | (994) | (169) | ||||||||
| Preferred stock dividends | \u2014\u00a0 | (295) | (289) | ||||||||
| Earnings (loss) from continuing operations attributable to\u00a0common shareholders | 6,670\u00a0 | 9,154\u00a0 | 1,061\u00a0 | ||||||||
| Earnings (loss) from discontinued operations attributable to common shareholders | (114) | 33\u00a0 | (1,014) | ||||||||
| Net earnings (loss) attributable to common shareholders | $ | 6,556\u00a0 | $ | 9,188\u00a0 | $ | 48\u00a0 |
| Years ended December 31 | 2024 | 2023 | 2022 | ||||||||
| U.S. | $ | 17,340\u00a0 | $ | 17,105\u00a0 | $ | 15,540\u00a0 | |||||
| Non-U.S. | |||||||||||
| Europe | 7,800\u00a0 | 7,248\u00a0 | 5,029\u00a0 | ||||||||
| China region | 3,634\u00a0 | 2,625\u00a0 | 1,919\u00a0 | ||||||||
| Asia (excluding China region) | 3,602\u00a0 | 3,109\u00a0 | 2,254\u00a0 | ||||||||
| Americas | 2,593\u00a0 | 1,862\u00a0 | 1,803\u00a0 | ||||||||
| Middle East and Africa | 3,734\u00a0 | 3,399\u00a0 | 2,594\u00a0 | ||||||||
| Total Non-U.S. | $ | 21,363\u00a0 | $ | 18,243\u00a0 | $ | 13,599\u00a0 | |||||
| Total geographic revenue | $ | 38,702\u00a0 | $ | 35,348\u00a0 | $ | 29,139\u00a0 | |||||
| Non-U.S. revenue as a % of total revenue | 55\u00a0 | % | 52\u00a0 | % | 47\u00a0 | % |
| December 31 | 2024 | 2023 | ||||||
| U.S. | $ | 5,166\u00a0 | $ | 5,215\u00a0 | ||||
| Non-U.S. | ||||||||
| Europe | 1,171\u00a0 | 1,194\u00a0 | ||||||
| Asia | 497\u00a0 | 500\u00a0 | ||||||
| Americas | 431\u00a0 | 332\u00a0 | ||||||
| Other Global | 12\u00a0 | 4\u00a0 | ||||||
| Total Non-U.S. | $ | 2,111\u00a0 | $ | 2,031\u00a0 | ||||
| Property, plant and equipment \u2013 net (Note 6) | $ | 7,277\u00a0 | $ | 7,246\u00a0 |
| Equity method investment | |||||||||||||||||
| balance (Note 9) | Equity method income (loss) (Note 19) | ||||||||||||||||
| December 31 | 2024 | 2023 | 2024 | 2023 | 2022 | ||||||||||||
| Commercial Engines & Services | $ | 1,610\u00a0 | $ | 1,551\u00a0 | $ | 301\u00a0 | $ | 276\u00a0 | $ | 139\u00a0 | |||||||
| Defense & Propulsion Technologies | 186\u00a0 | 175\u00a0 | 8\u00a0 | 8\u00a0 | 8\u00a0 | ||||||||||||
| Corporate & Other(a) | 4,451\u00a0 | 3,863\u00a0 | 147\u00a0 | 61\u00a0 | 75\u00a0 | ||||||||||||
| Total | $ | 6,247\u00a0 | $ | 5,590\u00a0 | $ | 456\u00a0 | $ | 345\u00a0 | $ | 223\u00a0 | |||||||
| For the years ended December 31 | 2024 | 2023(a) | 2022(a) | ||||||||
| Revenue | $ | 35,342\u00a0 | $ | 41,403\u00a0 | $ | 31,454\u00a0 | |||||
| Gross profit (loss) | 1,229\u00a0 | 4,093\u00a0 | 107\u00a0 | ||||||||
| Net income (loss) | 3,243\u00a0 | 4,768\u00a0 | 210\u00a0 | ||||||||
| Net income (loss) attributable to the entity | 3,199\u00a0 | 4,731\u00a0 | 188\u00a0 | ||||||||
| As of December 31 | 2024 | 2023 | ||||||
| Current assets | $ | 19,688\u00a0 | $ | 18,565\u00a0 | ||||
| Total assets | $ | 54,116\u00a0 | $ | 48,281\u00a0 | ||||
| Current liabilities | $ | 17,437\u00a0 | $ | 16,468\u00a0 | ||||
| Total liabilities | $ | 23,868\u00a0 | $ | 22,266\u00a0 | ||||
| Noncontrolling interests | $ | 200\u00a0 | $ | 176\u00a0 |
| Equity method investment | |||||||||||||||||
| balance (Note 9) | Equity method income (loss) (Note 19) | ||||||||||||||||
| December 31 | 2024 | 2023 | 2024 | 2023 | 2022 | ||||||||||||
| Commercial Engines & Services | $ | 1,610\u00a0 | $ | 1,551\u00a0 | $ | 301\u00a0 | $ | 276\u00a0 | $ | 139\u00a0 | |||||||
| Defense & Propulsion Technologies | 186\u00a0 | 175\u00a0 | 8\u00a0 | 8\u00a0 | 8\u00a0 | ||||||||||||
| Corporate & Other(a) | 4,451\u00a0 | 3,863\u00a0 | 147\u00a0 | 61\u00a0 | 75\u00a0 | ||||||||||||
| Total | $ | 6,247\u00a0 | $ | 5,590\u00a0 | $ | 456\u00a0 | $ | 345\u00a0 | $ | 223\u00a0 | |||||||
| For the years ended December 31 | 2024 | 2023(a) | 2022(a) | ||||||||
| Revenue | $ | 35,342\u00a0 | $ | 41,403\u00a0 | $ | 31,454\u00a0 | |||||
| Gross profit (loss) | 1,229\u00a0 | 4,093\u00a0 | 107\u00a0 | ||||||||
| Net income (loss) | 3,243\u00a0 | 4,768\u00a0 | 210\u00a0 | ||||||||
| Net income (loss) attributable to the entity | 3,199\u00a0 | 4,731\u00a0 | 188\u00a0 | ||||||||
| As of December 31 | 2024 | 2023 | ||||||
| Current assets | $ | 19,688\u00a0 | $ | 18,565\u00a0 | ||||
| Total assets | $ | 54,116\u00a0 | $ | 48,281\u00a0 | ||||
| Current liabilities | $ | 17,437\u00a0 | $ | 16,468\u00a0 | ||||
| Total liabilities | $ | 23,868\u00a0 | $ | 22,266\u00a0 | ||||
| Noncontrolling interests | $ | 200\u00a0 | $ | 176\u00a0 |
| First quarter | Second quarter | Third quarter | Fourth quarter | ||||||||||||||||||||||||||||||||
| (Per-share amounts in dollars) | 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | |||||||||||||||||||||||||||
| Total revenue | $ | 8,955\u00a0 | $ | 7,836\u00a0 | $ | 9,094\u00a0 | $ | 8,755\u00a0 | $ | 9,842\u00a0 | $ | 9,302\u00a0 | $ | 10,812\u00a0 | $ | 9,456\u00a0 | |||||||||||||||||||
| Sales of equipment and services | 8,076\u00a0 | 7,044\u00a0 | 8,223\u00a0 | 7,907\u00a0 | 8,943\u00a0 | 8,461\u00a0 | 9,879\u00a0 | 8,547\u00a0 | |||||||||||||||||||||||||||
| Cost of equipment and services sold | 5,747\u00a0 | 4,998\u00a0 | 5,574\u00a0 | 5,693\u00a0 | 6,226\u00a0 | 5,992\u00a0 | 6,761\u00a0 | 6,256\u00a0 | |||||||||||||||||||||||||||
| Earnings (loss) from continuing operations | 1,744\u00a0 | 6,709\u00a0 | 1,322\u00a0 | 1,256\u00a0 | 1,695\u00a0 | 307\u00a0 | 1,897\u00a0 | 1,176\u00a0 | |||||||||||||||||||||||||||
| Earnings (loss) from discontinued operations | (178) | 772\u00a0 | (54) | (1,218) | 147\u00a0 | 31\u00a0 | (6) | 413\u00a0 | |||||||||||||||||||||||||||
| Net earnings (loss) | 1,565\u00a0 | 7,481\u00a0 | 1,268\u00a0 | 37\u00a0 | 1,842\u00a0 | 338\u00a0 | 1,891\u00a0 | 1,588\u00a0 | |||||||||||||||||||||||||||
Less net earnings (loss) attributable to noncontrolling interests | 27\u00a0 | (27) | 2\u00a0 | 4\u00a0 | (10) | (14) | (8) | \u2014\u00a0 | |||||||||||||||||||||||||||
| Net earnings (loss) attributable to the Company | $ | 1,539\u00a0 | $ | 7,508\u00a0 | $ | 1,266\u00a0 | $ | 33\u00a0 | $ | 1,852\u00a0 | $ | 352\u00a0 | $ | 1,899\u00a0 | $ | 1,589\u00a0 | |||||||||||||||||||
Per-share amounts \u2013 earnings (loss) from continuing operations | |||||||||||||||||||||||||||||||||||
| Diluted earnings (loss) per share | $ | 1.58\u00a0 | $ | 5.98\u00a0 | $ | 1.20\u00a0 | $ | 1.09\u00a0 | $ | 1.56\u00a0 | $ | 0.20\u00a0 | $ | 1.75\u00a0 | $ | 1.08\u00a0 | |||||||||||||||||||
| Basic earnings (loss) per share | 1.59\u00a0 | 6.02\u00a0 | 1.21\u00a0 | 1.10\u00a0 | 1.57\u00a0 | 0.20\u00a0 | 1.77\u00a0 | 1.09\u00a0 | |||||||||||||||||||||||||||
Per-share amounts \u2013 earnings (loss) from discontinued operations | |||||||||||||||||||||||||||||||||||
| Diluted earnings (loss) per share | (0.18) | 0.73\u00a0 | (0.05) | (1.11) | 0.13\u00a0 | 0.04\u00a0 | (0.01) | 0.37\u00a0 | |||||||||||||||||||||||||||
| Basic earnings (loss) per share | (0.18) | 0.74\u00a0 | (0.05) | (1.12) | 0.14\u00a0 | 0.04\u00a0 | (0.01) | 0.37\u00a0 | |||||||||||||||||||||||||||
| Per-share amounts \u2013 net earnings (loss) | |||||||||||||||||||||||||||||||||||
| Diluted earnings (loss) per share | 1.40\u00a0 | 6.71\u00a0 | 1.15\u00a0 | (0.02) | 1.70\u00a0 | 0.24\u00a0 | 1.75\u00a0 | 1.44\u00a0 | |||||||||||||||||||||||||||
| Basic earnings (loss) per share | 1.41\u00a0 | 6.76\u00a0 | 1.16\u00a0 | (0.02) | 1.71\u00a0 | 0.24\u00a0 | 1.76\u00a0 | 1.46\u00a0 | |||||||||||||||||||||||||||
| Dividends declared(a) | \u2014\u00a0 | 0.08\u00a0 | 0.56\u00a0 | 0.08\u00a0 | 0.28\u00a0 | 0.08\u00a0 | 0.28\u00a0 | 0.08\u00a0 |
| First quarter | Second quarter | Third quarter | Fourth quarter | ||||||||||||||||||||||||||||||||
| (Per-share amounts in dollars) | 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | |||||||||||||||||||||||||||
| Total revenue | $ | 8,955\u00a0 | $ | 7,836\u00a0 | $ | 9,094\u00a0 | $ | 8,755\u00a0 | $ | 9,842\u00a0 | $ | 9,302\u00a0 | $ | 10,812\u00a0 | $ | 9,456\u00a0 | |||||||||||||||||||
| Sales of equipment and services | 8,076\u00a0 | 7,044\u00a0 | 8,223\u00a0 | 7,907\u00a0 | 8,943\u00a0 | 8,461\u00a0 | 9,879\u00a0 | 8,547\u00a0 | |||||||||||||||||||||||||||
| Cost of equipment and services sold | 5,747\u00a0 | 4,998\u00a0 | 5,574\u00a0 | 5,693\u00a0 | 6,226\u00a0 | 5,992\u00a0 | 6,761\u00a0 | 6,256\u00a0 | |||||||||||||||||||||||||||
| Earnings (loss) from continuing operations | 1,744\u00a0 | 6,709\u00a0 | 1,322\u00a0 | 1,256\u00a0 | 1,695\u00a0 | 307\u00a0 | 1,897\u00a0 | 1,176\u00a0 | |||||||||||||||||||||||||||
| Earnings (loss) from discontinued operations | (178) | 772\u00a0 | (54) | (1,218) | 147\u00a0 | 31\u00a0 | (6) | 413\u00a0 | |||||||||||||||||||||||||||
| Net earnings (loss) | 1,565\u00a0 | 7,481\u00a0 | 1,268\u00a0 | 37\u00a0 | 1,842\u00a0 | 338\u00a0 | 1,891\u00a0 | 1,588\u00a0 | |||||||||||||||||||||||||||
Less net earnings (loss) attributable to noncontrolling interests | 27\u00a0 | (27) | 2\u00a0 | 4\u00a0 | (10) | (14) | (8) | \u2014\u00a0 | |||||||||||||||||||||||||||
| Net earnings (loss) attributable to the Company | $ | 1,539\u00a0 | $ | 7,508\u00a0 | $ | 1,266\u00a0 | $ | 33\u00a0 | $ | 1,852\u00a0 | $ | 352\u00a0 | $ | 1,899\u00a0 | $ | 1,589\u00a0 | |||||||||||||||||||
Per-share amounts \u2013 earnings (loss) from continuing operations | |||||||||||||||||||||||||||||||||||
| Diluted earnings (loss) per share | $ | 1.58\u00a0 | $ | 5.98\u00a0 | $ | 1.20\u00a0 | $ | 1.09\u00a0 | $ | 1.56\u00a0 | $ | 0.20\u00a0 | $ | 1.75\u00a0 | $ | 1.08\u00a0 | |||||||||||||||||||
| Basic earnings (loss) per share | 1.59\u00a0 | 6.02\u00a0 | 1.21\u00a0 | 1.10\u00a0 | 1.57\u00a0 | 0.20\u00a0 | 1.77\u00a0 | 1.09\u00a0 | |||||||||||||||||||||||||||
Per-share amounts \u2013 earnings (loss) from discontinued operations | |||||||||||||||||||||||||||||||||||
| Diluted earnings (loss) per share | (0.18) | 0.73\u00a0 | (0.05) | (1.11) | 0.13\u00a0 | 0.04\u00a0 | (0.01) | 0.37\u00a0 | |||||||||||||||||||||||||||
| Basic earnings (loss) per share | (0.18) | 0.74\u00a0 | (0.05) | (1.12) | 0.14\u00a0 | 0.04\u00a0 | (0.01) | 0.37\u00a0 | |||||||||||||||||||||||||||
| Per-share amounts \u2013 net earnings (loss) | |||||||||||||||||||||||||||||||||||
| Diluted earnings (loss) per share | 1.40\u00a0 | 6.71\u00a0 | 1.15\u00a0 | (0.02) | 1.70\u00a0 | 0.24\u00a0 | 1.75\u00a0 | 1.44\u00a0 | |||||||||||||||||||||||||||
| Basic earnings (loss) per share | 1.41\u00a0 | 6.76\u00a0 | 1.16\u00a0 | (0.02) | 1.71\u00a0 | 0.24\u00a0 | 1.76\u00a0 | 1.46\u00a0 | |||||||||||||||||||||||||||
| Dividends declared(a) | \u2014\u00a0 | 0.08\u00a0 | 0.56\u00a0 | 0.08\u00a0 | 0.28\u00a0 | 0.08\u00a0 | 0.28\u00a0 | 0.08\u00a0 |