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SEGMENT INFORMATION
 9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION. The following table disaggregates total revenues to external customers for sales of equipment and sales of services by segment:
20242023
Three months ended September 30EquipmentServicesTotalEquipmentServicesTotal
Power$1,378 $2,773 $4,151 $1,276 $2,593 $3,870 
Wind2,488 391 2,880 2,523 359 2,882 
Electrification1,419 457 1,876 1,066 430 1,496 
Other4 2 6 4 1 4 
Total revenues$5,290 $3,623 $8,913 $4,869 $3,383 $8,253 
20242023
Nine months ended September 30EquipmentServicesTotalEquipmentServicesTotal
Power$3,847 $8,725 $12,571 $3,574 $8,170 $11,744 
Wind5,375 1,191 6,566 6,180 1,050 7,230 
Electrification3,868 1,335 5,203 2,985 1,226 4,212 
Other10 25 35 8 1 9 
Total revenues$13,101 $11,276 $24,376 $12,746 $10,448 $23,194 
Intersegment sales were $120 million and $106 million for the three months ended and $317 million and $311 million for the nine months ended September 30, 2024 and 2023, respectively. Intersegment revenues are recognized on the same basis of accounting as such revenue is recognized on a consolidated and combined basis.

TOTAL SEGMENT REVENUES BY BUSINESS UNITThree months ended September 30Nine months ended September 30
2024202320242023
Gas Power$3,466 $2,944 $9,966 $8,877 
Nuclear Power167 158 618 591 
Hydro Power181 220 544 617 
Steam Power393 571 1,569 1,760 
Power$4,206 $3,893 $12,696 $11,845 
Onshore Wind$2,355 $2,281 $4,974 $5,878 
Offshore Wind388 455 1,183 989 
LM Wind Power148 151 436 372 
Wind$2,891 $2,887 $6,592 $7,239 
Grid Solutions$1,270 $979 $3,521 $2,780 
Power Conversion310 286 858 686 
Electrification Software218 204 646 635 
Solar & Storage Solutions130 108 344 311 
Electrification$1,928 $1,576 $5,369 $4,412 
Total segment revenues$9,025 $8,356 $24,657 $23,496 

SEGMENT EBITDAThree months ended September 30Nine months ended September 30
2024202320242023
Power$499 $280 $1,457 $923 
Wind(317)(225)(607)(744)
Electrification201 65 396 66 
$383 $119 $1,247 $244 
Corporate and other(a)(140)85 (290)(21)
Restructuring and other charges(b)(209)(105)(419)(308)
Purchases and sales of business interests(c)— 6 842 92 
Russia and Ukraine charges(d)— — — (95)
Separation (costs) benefits(e)(27)— 64 — 
Arbitration refund(f)— — 254 — 
Non-operating benefit income130 134 399 415 
Depreciation and amortization(g)(289)(206)(734)(628)
Interest and other financial charges – net(h)35 (11)93 (27)
Benefit (provision) for income taxes17 (208)(380)(353)
Net income (loss)$(99)$(185)$1,075 $(680)
(a) Includes interest expense (income) of $(1) million and $11 million and benefit for income taxes of $6 million and $39 million for the three months ended September 30, 2024 and 2023, respectively, as well as interest expense of $11 million and $36 million and benefit for income taxes of $70 million and $131 million for the nine months ended September 30, 2024 and 2023, respectively, related to the Financial Services business which, because of the nature of its investments, is managed on an after-tax basis due to its strategic investments in renewable energy tax equity investments.
(b) Consists of severance, facility closures, acquisition and disposition, and other charges associated with major restructuring programs.
(c) Consists of gains and losses resulting from the purchases and sales of business interests and assets.
(d) Related to recoverability of asset charges recorded in connection with the ongoing conflict between Russia and Ukraine and resulting sanctions primarily related to our Power business.
(e)    Costs incurred in the Spin-Off and separation from GE, including system implementations, advisory fees, one-time stock option grant, and other one-time costs. In addition, includes $136 million benefit related to deferred intercompany profit that was recognized upon GE retaining the renewable energy U.S. tax equity investments at the time of Spin-Off in the second quarter.
(f) Represents cash refund received in connection with an arbitration proceeding, constituting the payments previously made to the Fund, and excludes $52 million related to the interest on such amounts that was recorded in Interest and other financial charges – net in the second quarter.
(g) Excludes depreciation and amortization expense related to Restructuring and other charges. Includes amortization of basis differences included in Equity method investment income (loss) which is part of Other income (expense).
(h) Consists of interest and other financial charges, net of interest income, other than financial interest related to our normal business operations primarily with customers.