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SEGMENT INFORMATION & REMAINING PERFORMANCE OBLIGATION
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
SEGMENT INFORMATION & REMAINING PERFORMANCE OBLIGATION SEGMENT INFORMATION & REMAINING PERFORMANCE OBLIGATION. We have two reportable segments and three operating segments. Operating segments are aggregated into a reportable segment if the operating segments have similar quantitative economic characteristics and if the operating segments are similar in the following qualitative characteristics: (i) nature of products and services; (ii) nature of production processes; (iii) type or class of customer for their products and services; (iv) methods used to distribute the products or provide services; and (v) if applicable, the nature of the regulatory environment. We have aggregated Defense & Systems and Propulsion & Additive Technology into one reportable segment, Defense & Propulsion Technologies, based on similarity in economic characteristics, other qualitative factors and the objectives and principles of ASC 280, Segment Reporting. This is consistent with how our chief operating decision maker (CODM) allocates resources and makes decisions. Refer to our Annual Report on Form 10-K for the year ended December 31, 2024, for a description of our segments, further information regarding our determination of segment profit for continuing operations and our allocations of corporate costs to our segments.
The Company does not report total assets by segment for internal or external reporting purposes as the Company’s CODM does not assess performance, make strategic decisions, or allocate resources based on assets.

EQUIPMENT & SERVICES REVENUE
Three months ended March 3120252024
EquipmentServicesTotalEquipmentServicesTotal
Commercial Engines & Services$1,858 $5,118 $6,977 $1,706 $4,390 $6,095 
Defense & Propulsion Technologies1,050 1,274 2,324 1,009 1,303 2,312 
Total segment revenue$2,909 $6,392 $9,301 $2,715 $5,693 $8,408 
EXPENSES, PROFIT AND INCOMEThree months ended March 31
20252024
Commercial Engines & Services
Cost of revenue$4,497 $4,178 
Selling, general and administrative expenses423 426 
Research and development288 201 
Other segment expenses (income)(a)(151)(129)
Total Commercial Engines & Services expenses5,057 4,676 
Defense & Propulsion Technologies
Cost of revenue1,725 1,781 
Selling, general and administrative expenses243 257 
Research and development72 67 
Other segment expenses (income)(a)(12)(48)
Total Defense & Propulsion Technologies expenses2,029 2,056 
Commercial Engines & Services1,920 1,419 
Defense & Propulsion Technologies296 256 
Total segment profit (loss)2,216 1,675 
Corporate & Other43 355 
Interest and other financial charges(210)(263)
Non-operating benefit income (cost)201 217 
Benefit (provision) for income taxes(283)(244)
Net income (loss) from continuing operations attributable to common shareholders1,967 1,741 
Net income (loss) from discontinued operations attributable to common shareholders10 (202)
Net income (loss) attributable to common shareholders$1,978 $1,539 
(a) Other segment expenses (income) primarily includes equity method income, interest income and licensing and royalty income.
REMAINING PERFORMANCE OBLIGATION. As of March 31, 2025, the aggregate amount of the contracted revenue allocated to our unsatisfied (or partially unsatisfied) performance obligations was $172,599 million. We expect to recognize revenue as we satisfy our remaining performance obligations as follows: (1) equipment-related remaining performance obligation of $23,306 million, of which 35%, 63% and 91% is expected to be satisfied within 1, 2 and 5 years, respectively; and (2) services-related remaining performance obligation of $149,293 million, of which 12%, 42%, 69% and 86% is expected to be recognized within 1, 5, 10 and 15 years, respectively, and the remaining thereafter.