Balance Sheet: Liabilities and Stockholders’ Equity

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

GE Aerospace, consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Short-term borrowings	1,253)	3,757)	4,361)	4,778)	23,727)
Accounts payable and equipment project payables	15,408)	18,644)	16,243)	16,476)	15,926)
Progress collections and deferred income	19,677)	18,118)	17,372)	18,215)	20,508)
All other current liabilities	12,712)	14,484)	13,977)	16,600)	15,753)
Liabilities of businesses held for sale	1,826)	1,944)	—)	—)	1,658)
Current liabilities	50,876)	56,947)	51,953)	56,069)	77,572)
Deferred income	1,339)	2,006)	1,989)	1,801)	—)
Long-term borrowings	19,711)	28,593)	30,824)	70,288)	67,155)
Insurance liabilities and annuity benefits	39,624)	33,347)	37,166)	42,191)	39,826)
Non-current compensation and benefits	11,214)	16,021)	21,202)	29,752)	31,687)
All other liabilities	10,509)	12,155)	13,241)	16,077)	19,744)
Liabilities of discontinued operations	1,193)	1,137)	887)	200)	203)
Non-current liabilities	83,590)	93,259)	105,309)	160,309)	158,615)
Total liabilities	134,466)	150,206)	157,262)	216,378)	236,187)
Preferred stock	—)	6)	6)	6)	6)
Common stock	15)	15)	15)	702)	702)
Accumulated other comprehensive income (loss), net attributable to GE	(6,150)	(1,311)	1,582)	(9,749)	(11,732)
Other capital	26,962)	34,173)	34,691)	34,307)	34,405)
Retained earnings	86,527)	84,692)	85,109)	92,247)	87,732)
Common stock held in treasury	(79,976)	(81,209)	(81,093)	(81,961)	(82,797)
Total GE shareholders’ equity	27,378)	36,366)	40,310)	35,552)	28,316)
Noncontrolling interests	1,201)	1,216)	1,302)	1,521)	1,545)
Total equity	28,579)	37,582)	41,612)	37,073)	29,861)
Total liabilities, redeemable noncontrolling interests and equity	163,045)	187,788)	198,874)	253,451)	266,048)

Based on: 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), 10-K (reporting date: 2019-12-31).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	GE Aerospace current liabilities increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Non-current liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	GE Aerospace non-current liabilities decreased from 2021 to 2022 and from 2022 to 2023.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	GE Aerospace total liabilities decreased from 2021 to 2022 and from 2022 to 2023.
Total GE shareholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	GE Aerospace total GE shareholders’ equity decreased from 2021 to 2022 and from 2022 to 2023.

GE Aerospace (NYSE:GE)

Balance Sheet: Liabilities and Stockholders’ Equity