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Condensed Statement of Earnings (Unaudited) (USD $)
In Millions, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues        
Sales of goods $ 16,223 $ 14,905 $ 30,712 $ 28,670
Sales of services 6,685 9,599 14,187 19,507
Other income 623 278 4,249 628
GECS earnings from continuing operations 0 0 0 0
GECS revenues from services 12,094 12,146 24,812 24,190
Total revenues 35,625 36,928 73,960 72,995
Costs and expenses        
Cost of goods sold 13,095 11,128 24,911 21,700
Cost of services sold 4,405 6,067 9,288 13,007
Interest and other financial charges 3,773 3,946 7,574 7,867
Investment contracts, insurance losses and insurance annuity benefits 746 722 1,482 1,469
Provision for losses on financing receivables 811 2,007 1,968 4,187
Other costs and expenses 8,284 8,886 16,814 17,803
Total costs and expenses, Total 31,114 32,756 62,037 66,033
Earnings (loss) from continuing operations before income taxes 4,511 4,172 11,923 6,962
Benefit (provision) for income taxes (890) (866) (4,831) (1,305)
Earnings from continuing operations 3,621 3,306 7,092 5,657
Earnings (loss) from discontinued operations, net of taxes 217 (101) 273 (454)
Net earnings (loss) 3,838 3,205 7,365 5,203
Less net earnings (loss) attributable to noncontrollng interests 74 96 168 149
Net earnings (loss) attributable to the Company 3,764 3,109 7,197 5,054
Preferred stock dividends declared (75) (75) (150) (150)
Net earnings (loss) attributable to GE common shareowners 3,689 3,034 7,047 4,904
Amounts attributable to the Company        
Earnings (loss) from continuing operations 3,547 3,210 6,924 5,508
Earnings (loss) from discontinued operations, net of taxes 217 (101) 273 (454)
Net earnings (loss) attributable to the Company 3,764 3,109 7,197 5,054
Earnings from continuing operations        
Diluted earnings per share $ 0.33 $ 0.29 $ 0.64 $ 0.50
Basic earnings per share $ 0.33 $ 0.29 $ 0.64 $ 0.50
Net earnings (loss)        
Diluted earnings per share $ 0.35 $ 0.28 $ 0.66 $ 0.45
Basic earnings per share $ 0.35 $ 0.28 $ 0.66 $ 0.46
Dividends declared per common share $ 0.15 $ 0.10 $ 0.29 $ 0.20
Subsidiaries [Member]
       
Revenues        
Sales of goods 16,181 [1] 14,736 [1] 30,670 [1] 28,225 [1]
Sales of services 6,780 [1] 9,667 [1] 14,393 [1] 19,687 [1]
Other income 675 [1] 304 [1] 4,341 [1] 680 [1]
GECS earnings from continuing operations 1,593 [1] 734 [1] 3,361 [1] 1,236 [1]
GECS revenues from services 0 [1] 0 [1] 0 [1] 0 [1]
Total revenues 25,229 [1] 25,441 [1] 52,765 [1] 49,828 [1]
Costs and expenses        
Cost of goods sold 13,057 [1] 10,974 [1] 24,875 [1] 21,285 [1]
Cost of services sold 4,500 [1] 6,134 [1] 9,494 [1] 13,186 [1]
Interest and other financial charges 321 [1] 430 [1] 676 [1] 773 [1]
Investment contracts, insurance losses and insurance annuity benefits 0 [1] 0 [1] 0 [1] 0 [1]
Provision for losses on financing receivables 0 [1] 0 [1] 0 [1] 0 [1]
Other costs and expenses 3,204 [1] 3,589 [1] 6,620 [1] 7,126 [1]
Total costs and expenses, Total 21,082 [1] 21,127 [1] 41,665 [1] 42,370 [1]
Earnings (loss) from continuing operations before income taxes 4,147 [1] 4,314 [1] 11,100 [1] 7,458 [1]
Benefit (provision) for income taxes (546) [1] (986) [1] (4,059) [1] (1,774) [1]
Earnings from continuing operations 3,601 [1] 3,328 [1] 7,041 [1] 5,684 [1]
Earnings (loss) from discontinued operations, net of taxes 217 [1] (101) [1] 273 [1] (454) [1]
Net earnings (loss) 3,818 [1] 3,227 [1] 7,314 [1] 5,230 [1]
Less net earnings (loss) attributable to noncontrollng interests 54 [1] 118 [1] 117 [1] 176 [1]
Net earnings (loss) attributable to the Company 3,764 [1] 3,109 [1] 7,197 [1] 5,054 [1]
Preferred stock dividends declared (75) [1] (75) [1] (150) [1] (150) [1]
Net earnings (loss) attributable to GE common shareowners 3,689 [1] 3,034 [1] 7,047 [1] 4,904 [1]
Amounts attributable to the Company        
Earnings (loss) from continuing operations 3,547 [1] 3,210 [1] 6,924 [1] 5,508 [1]
Earnings (loss) from discontinued operations, net of taxes 217 [1] (101) [1] 273 [1] (454) [1]
Net earnings (loss) attributable to the Company 3,764 [1] 3,109 [1] 7,197 [1] 5,054 [1]
Subsidiaries GECS [Member]
       
Revenues        
Sales of goods 42 168 84 449
Sales of services 0 0 0 0
Other income 0 0 0 0
GECS earnings from continuing operations 0 0 0 0
GECS revenues from services 12,401 12,464 25,400 24,816
Total revenues 12,443 12,632 25,484 25,265
Costs and expenses        
Cost of goods sold 38 154 78 419
Cost of services sold 0 0 0 0
Interest and other financial charges 3,601 3,645 7,190 7,343
Investment contracts, insurance losses and insurance annuity benefits 790 770 1,559 1,557
Provision for losses on financing receivables 811 2,007 1,968 4,187
Other costs and expenses 5,246 5,464 10,505 11,019
Total costs and expenses, Total 10,486 12,040 21,300 24,525
Earnings (loss) from continuing operations before income taxes 1,957 592 4,184 740
Benefit (provision) for income taxes (344) 120 (772) 469
Earnings from continuing operations 1,613 712 3,412 1,209
Earnings (loss) from discontinued operations, net of taxes 217 (100) 274 (450)
Net earnings (loss) 1,830 612 3,686 759
Less net earnings (loss) attributable to noncontrollng interests 20 (22) 51 (27)
Net earnings (loss) attributable to the Company 1,810 634 3,635 786
Preferred stock dividends declared 0 0 0 0
Net earnings (loss) attributable to GE common shareowners 1,810 634 3,635 786
Amounts attributable to the Company        
Earnings (loss) from continuing operations 1,593 734 3,361 1,236
Earnings (loss) from discontinued operations, net of taxes 217 (100) 274 (450)
Net earnings (loss) attributable to the Company $ 1,810 $ 634 $ 3,635 $ 786
[1] (a) Represents the adding together of all affiliated companies except General Electric Capital Services, Inc. (GECS or financial services), which is presented on a one-line basis.