v3.24.2
CURRENT AND LONG-TERM RECEIVABLES (Tables)
6 Months Ended
Jun. 30, 2024
Receivables [Abstract]  
Schedule of Receivables and Allowance for Credit Losses
CURRENT RECEIVABLESJune 30, 2024December 31, 2023
Customer receivables$6,484 $6,397 
Revenue sharing partners receivables(a)1,223 1,252 
Non-income based tax receivables117 129 
Supplier advances351 401 
Receivables from disposed businesses217 121 
Other sundry receivables114 534 
Allowance for credit losses(b)(135)(132)
Total current receivables$8,370 $8,703 
(a) Revenue sharing partners receivables are amounts due from third parties who participate in engine programs by developing and supplying certain engine components through the life of the program. The participants share in program revenues, receive a share of customer progress payments and share costs related to discounts and warranties.
(b) Allowance for credit losses increased primarily due to new provisions of $10 million.
LONG-TERM RECEIVABLESJune 30, 2024December 31, 2023
Long-term customer receivables
$172 $163 
Supplier advances30 32
Sundry receivables114 158 
Allowance for credit losses(3)(4)
Total long-term receivables $313 $349