v3.25.1
PROPERTY, PLANT AND EQUIPMENT AND OPERATING LEASES
 3 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT AND OPERATING LEASES PROPERTY, PLANT AND EQUIPMENT AND OPERATING LEASES
March 31, 2025December 31, 2024
Original cost$16,148 $15,894 
Less accumulated depreciation and amortization(9,816)(9,673)
Right-of-use operating lease assets1,094 1,057 
Property, plant and equipment – net$7,426 $7,277 
DEPRECIATION AND AMORTIZATION EXPENSEThree months ended March 31
20252024
Commercial Engines & Services$98 $92 
Defense & Propulsion Technologies34 38 
Corporate and Other (including supply chain)78 72 
Total$210 $202 

Operating Lease Liabilities. Our current operating lease liabilities, included in All other current liabilities in our Statement of Financial Position were $281 million and $283 million as of March 31, 2025 and December 31, 2024, respectively. Our non-current operating lease liabilities, included in All other liabilities in our Statement of Financial Position, were $862 million and $822 million as of March 31, 2025 and December 31, 2024, respectively. Expense on our operating lease portfolio, primarily from our long-term fixed leases, was $98 million and $112 million for the three months ended March 31, 2025 and 2024, respectively.