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PROPERTY, PLANT AND EQUIPMENT AND OPERATING LEASES (Tables)
 12 Months Ended
Dec. 31, 2020
Property, Plant and Equipment [Abstract]  
Schedule of Property, Plant and Equipment and Depreciable Lives
Depreciable lives
Original Cost
Net Carrying Value
December 31(in years)2020201920202019
Land and improvements
8
$599 $608 $589 $596 
Buildings, structures and related equipment
8 - 40
8,210 7,824 3,828 3,875 
Machinery and equipment
4 - 20
20,915 20,082 7,869 8,360 
Leasehold costs and manufacturing plant under construction
1 - 10
2,028 2,165 1,350 1,539 
ROU operating lease assets2,798 3,077 
GE Industrial$31,751 $30,680 $16,433 $17,447 
Land and improvements, buildings, structures and related equipment
1 - 40
$144 $149 $23 $29 
Equipment leased to others (ELTO)(a)
   Aircraft
15 - 20
34,372 35,507 20,931 21,414 
Engines
15 - 20
4,957 4,113 3,540 3,283 
Helicopters
15 - 20
5,750 5,474 4,724 4,709 
   All other
15 - 35
235 237 194 214 
ROU operating lease assets189 237 
GE Capital$45,458 $45,480 $29,600 $29,886 
Eliminations(1,282)(1,279)(1,372)(1,453)
Property, plant and equipment - net$75,927 $74,880 $44,662 $45,879 
(a) Included $1,475 million and $1,539 million of original cost of assets leased to GE Industrial with accumulated amortization of $(306) million and $(251) million at December 31, 2020 and 2019, respectively.
Schedule of Noncancellable Future Rentals Due
Noncancellable future rentals due from customers for equipment on operating leases at December 31, 2020, are as follows:
20212022202320242025ThereafterTotal
$2,833 $2,451 $2,072 $1,970 $1,658 $5,316 $16,300 
Summary of Operating Lease Expense
OPERATING LEASE EXPENSE202020192018
Long-term (fixed)$745 $834 $966 
Long-term (variable)118 136 177 
Short-term209 206 133 
Total operating lease expense$1,072 $1,176 $1,276 
SUPPLEMENTAL INFORMATION RELATED TO OPERATING LEASES20202019
Operating cash flows used for operating leases$766 $888 
Right-of-use assets obtained in exchange for new lease liabilities$600 $746 
Weighted-average remaining lease term6.6 years6.9 years
Weighted-average discount rate4.5 %4.9 %
Schedule of Maturity of Lease Liabilities
MATURITY OF LEASE LIABILITIES20212022202320242025ThereafterTotal
Undiscounted lease payments$727 $648 $549 $437 $267 $805 $3,433 
Less: imputed interest(460)
Total lease liability as of December 31, 2020
$2,973