Adjustments to Current Assets
Adjustments to Total Assets
Adjustments to Current Liabilities
Adjustments to Total Liabilities
Adjustments to Stockholders’ Equity
Adjustments to Capitalization Table
Adjustments to Revenues
Adjustments to Reported Income

GE Aerospace, adjusted current assets

US$ in millions

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
As Reported
Current assets	37,635)	59,799)	66,234)	66,348)	88,412)
Adjustments
Add: Allowance for credit losses	106)	647)	859)	1,074)	1,164)
After Adjustment
Adjusted current assets	37,741)	60,446)	67,093)	67,422)	89,576)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

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GE Aerospace, adjusted total assets

US$ in millions

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
As Reported
Total assets	123,140)	163,045)	187,788)	198,874)	253,452)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Add: Allowance for credit losses	106)	647)	859)	1,074)	1,164)
Less: Deferred income tax assets²	7,111)	10,575)	11,705)	10,855)	12,081)
After Adjustment
Adjusted total assets	116,135)	153,117)	176,942)	189,093)	242,535)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

² Deferred income tax assets. See details »

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GE Aerospace, adjusted current liabilities

US$ in millions

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
As Reported
Current liabilities	34,392)	50,876)	56,947)	51,953)	56,069)
Adjustments
Less: Current deferred income	359)	571)	1,952)	1,835)	1,757)
Less: Current liability for product warranties	592)	2,053)	1,268)	1,091)	1,197)
After Adjustment
Adjusted current liabilities	33,441)	48,252)	53,727)	49,027)	53,115)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

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GE Aerospace, adjusted total liabilities

US$ in millions

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
As Reported
Total liabilities	103,576)	134,466)	150,206)	157,262)	216,378)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Less: Deferred income	1,372)	1,910)	3,958)	3,824)	3,558)
Less: Liability for product warranties	592)	2,053)	2,153)	1,891)	2,054)
After Adjustment
Adjusted total liabilities	101,612)	130,503)	144,095)	151,547)	210,766)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

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GE Aerospace, adjusted shareholders’ equity

US$ in millions

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
As Reported
Shareholders’ equity	19,342)	27,378)	36,366)	40,310)	35,552)
Adjustments
Less: Net deferred income tax asset (liability)¹	7,111)	10,575)	11,705)	10,855)	12,081)
Add: Allowance for credit losses	106)	647)	859)	1,074)	1,164)
Add: Deferred income	1,372)	1,910)	3,958)	3,824)	3,558)
Add: Liability for product warranties	592)	2,053)	2,153)	1,891)	2,054)
Add: Noncontrolling interests	222)	1,201)	1,216)	1,302)	1,521)
After Adjustment
Adjusted total equity	14,523)	22,614)	32,847)	37,546)	31,768)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

¹ Net deferred income tax asset (liability). See details »

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GE Aerospace, adjusted capitalization table

US$ in millions

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
As Reported
Short-term borrowings	2,039)	1,253)	3,757)	4,361)	4,778)
Long-term borrowings	17,234)	19,711)	28,593)	30,824)	70,288)
Total reported debt	19,273)	20,964)	32,350)	35,185)	75,066)
Shareholders’ equity	19,342)	27,378)	36,366)	40,310)	35,552)
Total reported capital	38,615)	48,342)	68,716)	75,495)	110,618)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Add: Current operating lease liabilities (included in All other current liabilities)²	283)	—)	—)	—)	—)
Add: Non-current operating lease liabilities (included in All other liabilities)³	822)	1,973)	2,393)	2,848)	2,973)
Adjusted total debt	20,378)	22,937)	34,743)	38,033)	78,039)
Adjustments to Equity
Less: Net deferred income tax asset (liability)⁴	7,111)	10,575)	11,705)	10,855)	12,081)
Add: Allowance for credit losses	106)	647)	859)	1,074)	1,164)
Add: Deferred income	1,372)	1,910)	3,958)	3,824)	3,558)
Add: Liability for product warranties	592)	2,053)	2,153)	1,891)	2,054)
Add: Noncontrolling interests	222)	1,201)	1,216)	1,302)	1,521)
Adjusted total equity	14,523)	22,614)	32,847)	37,546)	31,768)
After Adjustment
Adjusted total capital	34,901)	45,551)	67,590)	75,579)	109,807)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Current operating lease liabilities (included in All other current liabilities). See details »

³ Non-current operating lease liabilities (included in All other liabilities). See details »

⁴ Net deferred income tax asset (liability). See details »

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GE Aerospace, adjusted sales of equipment and services

US$ in millions

12 months ended:	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
As Reported
Sales of equipment and services	35,121)	64,565)	73,602)	71,090)	73,022)
Adjustment
Add: Increase (decrease) in deferred income	(23)	(61)	134)	266)	516)
After Adjustment
Adjusted sales of equipment and services	35,098)	64,504)	73,736)	71,356)	73,538)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

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GE Aerospace, adjusted net earnings (loss) attributable to the Company

US$ in millions

12 months ended:	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
As Reported
Net earnings (loss) attributable to the Company	6,556)	9,481)	225)	(6,520)	5,704)
Adjustments
Add: Deferred income tax expense (benefit)¹	181)	622)	(631)	(9)	(2,926)
Add: Increase (decrease) in allowance for credit losses	(26)	(121)	(215)	(90)	290)
Add: Increase (decrease) in deferred income	(23)	(61)	134)	266)	516)
Add: Increase (decrease) in liability for product warranties	(47)	93)	262)	(163)	(111)
Less: Earnings (loss) from discontinued operations, net of taxes	(91)	414)	(644)	(3,195)	(126)
Add: Other comprehensive income (loss)	2,272)	(3,876)	(2,892)	11,336)	1,990)
Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest	(7)	(35)	68)	(65)	(152)
After Adjustment
Adjusted net earnings (loss)	8,997)	5,689)	(2,405)	7,950)	5,437)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

¹ Deferred income tax expense (benefit). See details »

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GE Aerospace (NYSE:GE)

Adjustments to Financial Statements

Adjustments to Current Assets

Adjustments to Total Assets

Adjustments to Current Liabilities

Adjustments to Total Liabilities

Adjustments to Stockholders’ Equity

Adjustments to Capitalization Table

Adjustments to Revenues

Adjustments to Reported Income