EQUITY METHOD INVESTMENTS |
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity Method Investments and Joint Ventures [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EQUITY METHOD INVESTMENTS | EQUITY METHOD INVESTMENTS
(a) Includes Aero Alliance, our joint venture with Baker Hughes Company, that supports our customers through the fulfillment of aeroderivative engines, spare parts, repairs, and maintenance services. Purchases of parts and services from the joint venture were $275 million and $166 million in the three months ended and $476 million and $292 million in the six months ended June 30, 2026 and 2025, respectively. The Company owed Aero Alliance $73 million and $55 million as of June 30, 2026 and December 31, 2025, respectively. These amounts have been recorded in Accounts payable and equipment project payables on the Consolidated Statement of Financial Position. (b) In the first quarter of 2026, we acquired the remaining 50% stake of our former equity method investment in Prolec GE from Xignux. As a result, Prolec GE is now consolidated within our financial statements. See Note 8 for further information.
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