Depreciable livesOriginal CostNet Carrying Value
December 31(in years)2025202420252024
Land and improvements8$139 $131 $137 $129 
Buildings, structures and related equipment
8 - 40
3,295 3,146 1,411 1,369 
Machinery and equipment
4 - 20
12,757 11,533 4,432 3,851 
Leasehold costs and manufacturing plant under construction
1 - 10
1,197 1,084 989 872 
ROU operating lease assets1,018 1,057 
Property, plant and equipment - net$17,388 $15,894 $7,987 $7,277 
Property, plant and
equipment additions
Depreciation and amortization
December 31202520242023202520242023
Commercial Engines & Services$498 $431 $343 $402 $370 $356 
Defense & Propulsion Technologies184 135 145 153 150 147 
Corporate and Other(a)471 353 278 307 314 294 
Total$1,153 $920 $766 $863 $834 $797 
(a) Includes supply chain

Historical Timeline

Fiscal YearFiled
2025Jan 29, 2026Showing above
2024Feb 3, 2025
2023Feb 2, 2024
2022Feb 10, 2023
2021Feb 11, 2022
2020Feb 12, 2021
2019Feb 24, 2020
2018Feb 26, 2019
2017Feb 23, 2018
2016Feb 24, 2017
2015Feb 26, 2016

About PP&E Disclosures

The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.

Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.