
CONTRACT ASSETS, LIABILITIES AND OTHER DEFERRED ASSETS AND INCOME	June 30, 2026		December 31, 2025
Long-term service agreements	$	2,802	$	2,792
Equipment and other service agreements	671		719
Current contract assets	$	3,473	$	3,511
Nonrecurring engineering costs(a)	$	2,406	$	2,423
Customer advances and other(b)	2,570		2,497
Contract and other deferred assets	4,976		4,920
Total contract and other deferred assets	$	8,449	$	8,431

Long-term service agreement liabilities	$	9,813	$	10,016
Current deferred income	346		317
Contract liabilities and current deferred income	$	10,159	$	10,333
Non-current deferred income	1,070		1,065
Total contract liabilities and deferred income	$	11,229	$	11,398
Contract assets (liabilities) and other deferred assets (income)	$	(2,780)	$	(2,966)

(a) Includes contract fulfillment costs for engineering and development incurred prior to production for equipment production contracts, primarily within our Defense & Propulsion Technologies (DPT) segment, which are amortized ratably over each unit produced. We assess the recoverability of these costs and if we determine the costs are no longer probable of recovery, the asset is impaired. The most significant program relates to DPT contracts for the Boeing 777X aircraft, which will be amortized once entered into service.

(b) Includes amounts due from customers within our CES segment for the sales of engines, spare parts and services, which we collect through fixed or usage-based billings from the sale of spare parts and servicing of equipment under long-term service agreements.