SALES DISCOUNTS AND ALLOWANCES & ALL OTHER LIABILITIES |
3 Months Ended |
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Mar. 31, 2025 | |
Other Liabilities Disclosure [Abstract] | |
SALES DISCOUNTS AND ALLOWANCES & ALL OTHER LIABILITIES | SALES DISCOUNTS AND ALLOWANCES & ALL OTHER LIABILITIES. Sales discounts and allowances increased $80 million in the three months ended March 31, 2025, primarily due to accruals on spare part discounts and other reserves outpacing payments to airline customers in Commercial Engines & Services. All other current liabilities and All other liabilities primarily includes employee compensation and benefits, equipment project and commercial liabilities, income taxes payable and uncertain tax positions, environmental, health and safety remediations, operating lease liabilities (see Note 6) and product warranties (see Note 22). All other current liabilities decreased $710 million in the three months ended March 31, 2025, primarily due to a decrease in employee compensation and benefits of $589 million primarily driven by payments of employee benefit liabilities, and a decrease in equipment projects and other commercial liabilities of $108 million. All other liabilities increased $162 million in the three months ended March 31, 2025, primarily due to increases in uncertain and other income taxes and related liabilities of $54 million, environmental, health and safety liabilities of $41 million and operating lease liabilities of $40 million.
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