v3.25.1
CONTRACT AND OTHER DEFERRED ASSETS, CONTRACT LIABILITIES AND DEFERRED INCOME & PROGRESS COLLECTIONS - Schedule of Contract Assets, Liabilities and Other Deferred Assets and Income (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Contractors [Abstract]    
Long-term service agreements $ 2,309 $ 2,374
Equipment and other service agreements 630 609
Current contract assets 2,940 2,982
Nonrecurring engineering costs 2,443 2,438
Customer advances and other 2,392 2,393
Contract and other deferred assets 4,835 4,831
Total contract and other deferred assets 7,775 7,814
Long-term service agreement liabilities 9,266 8,994
Current deferred income 357 359
Contract liabilities and current deferred income 9,624 9,353
Non-current deferred income 1,054 1,013
Total contract liabilities and deferred income 10,677 10,366
Contract assets (liabilities) and other deferred assets (income) $ (2,902) $ (2,552)