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, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Short-term borrowings	2,039)	1,253)	3,757)	4,361)	4,778)
Accounts payable	7,909)	15,408)	18,644)	16,243)	16,476)
Progress collections	6,695)	19,106)	16,166)	15,537)	16,458)
Contract liabilities and deferred income	9,353)	571)	1,952)	1,835)	1,757)
Sales discounts and allowances	3,475)	—)	—)	—)	—)
All other current liabilities	4,921)	12,712)	14,484)	13,977)	16,600)
Liabilities of businesses held for sale	—)	1,826)	1,944)	—)	—)
Current liabilities	34,392)	50,876)	56,947)	51,953)	56,069)
Deferred income	1,013)	1,339)	2,006)	1,989)	1,801)
Long-term borrowings	17,234)	19,711)	28,593)	30,824)	70,288)
Insurance liabilities and annuity benefits	36,209)	39,624)	33,347)	37,166)	42,191)
Non-current compensation and benefits	7,035)	11,214)	16,021)	21,202)	29,752)
All other liabilities	6,376)	10,509)	12,155)	13,241)	16,077)
Liabilities of discontinued operations	1,317)	1,193)	1,137)	887)	200)
Non-current liabilities	69,184)	83,590)	93,259)	105,309)	160,309)
Total liabilities	103,576)	134,466)	150,206)	157,262)	216,378)
Preferred stock	—)	—)	6)	6)	6)
Common stock	15)	15)	15)	15)	702)
Accumulated other comprehensive income (loss), net attributable to the Company	(3,861)	(6,150)	(1,311)	1,582)	(9,749)
Other capital	24,266)	26,962)	34,173)	34,691)	34,307)
Retained earnings	80,488)	86,527)	84,692)	85,109)	92,247)
Common stock held in treasury	(81,566)	(79,976)	(81,209)	(81,093)	(81,961)
Shareholders’ equity	19,342)	27,378)	36,366)	40,310)	35,552)
Noncontrolling interests	222)	1,201)	1,216)	1,302)	1,521)
Total equity	19,564)	28,579)	37,582)	41,612)	37,073)
Total liabilities and equity	123,140)	163,045)	187,788)	198,874)	253,451)

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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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 decreased from 2022 to 2023 and from 2023 to 2024.
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 2022 to 2023 and from 2023 to 2024.
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 2022 to 2023 and from 2023 to 2024.
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 shareholders’ equity decreased from 2022 to 2023 and from 2023 to 2024.

GE Aerospace (NYSE:GE)

Balance Sheet: Liabilities and Stockholders’ Equity