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Condensed Statement of Earnings (Unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues        
Sales of goods $ 18,185 $ 16,223 $ 35,500 $ 30,712
Sales of services 6,818 6,685 13,030 14,187
Other income 393 624 950 4,249
GECC earnings from continuing operations 0 0 0 0
GECC revenues from services 11,105 12,091 22,203 24,804
Total revenues and other income 36,501 35,623 71,683 73,952
Costs and expenses        
Cost of goods sold 14,797 12,952 28,262 24,768
Cost of services sold 4,402 4,465 8,806 9,365
Interest and other financial charges 3,211 3,770 6,569 7,566
Investment contracts, insurance losses and insurance annuity benefits 662 746 1,399 1,482
Provision for losses on financing receivables 743 792 1,606 1,932
Other costs and expenses 8,501 8,362 16,930 16,869
Total costs and expenses, Total 32,316 31,087 63,572 61,982
Earnings (loss) from continuing operations before income taxes 4,185 4,536 8,111 11,970
Benefit (provision) for income taxes (494) (892) (1,131) (4,834)
Earnings from continuing operations 3,691 3,644 6,980 7,136
Earnings (loss) from discontinued operations, net of taxes (553) 194 (770) 229
Net earnings (loss) 3,138 3,838 6,210 7,365
Less net earnings (loss) attributable to noncontrolling interests 33 74 71 168
Net earnings (loss) attributable to the Company 3,105 3,764 6,139 7,197
Preferred stock dividends declared 0 (75) 0 (150)
Net earnings (loss) attributable to GE common shareowners 3,105 3,689 6,139 7,047
Amounts attributable to the Company        
Earnings (loss) from continuing operations 3,658 3,570 6,909 6,968
Earnings (loss) from discontinued operations, net of taxes (553) 194 (770) 229
Net earnings (loss) attributable to the Company 3,105 3,764 6,139 7,197
Earnings from continuing operations        
Diluted earnings per share $ 0.34 $ 0.33 $ 0.65 $ 0.64
Basic earnings per share $ 0.35 $ 0.33 $ 0.65 $ 0.64
Net earnings (loss)        
Diluted earnings per share $ 0.29 $ 0.35 $ 0.58 $ 0.66
Basic earnings per share $ 0.29 $ 0.35 $ 0.58 $ 0.66
Dividends declared per common share $ 0.17 $ 0.15 $ 0.34 $ 0.29
Subsidiaries [Member]
       
Revenues        
Sales of goods 18,215 [1] 16,181 [1] 35,572 [1] 30,670 [1]
Sales of services 6,923 [1] 6,780 [1] 13,253 [1] 14,393 [1]
Other income 409 [1] 676 [1] 1,009 [1] 4,341 [1]
GECC earnings from continuing operations 2,122 [1] 1,615 [1] 3,914 [1] 3,405 [1]
GECC revenues from services 0 [1] 0 [1] 0 [1] 0 [1]
Total revenues and other income 27,669 [1] 25,252 [1] 53,748 [1] 52,809 [1]
Costs and expenses        
Cost of goods sold 14,831 [1] 12,914 [1] 28,343 [1] 24,732 [1]
Cost of services sold 4,507 [1] 4,559 [1] 9,029 [1] 9,570 [1]
Interest and other financial charges 351 [1] 321 [1] 666 [1] 676 [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 3,911 [1] 3,288 [1] 7,914 [1] 6,687 [1]
Total costs and expenses, Total 23,600 [1] 21,082 [1] 45,952 [1] 41,665 [1]
Earnings (loss) from continuing operations before income taxes 4,069 [1] 4,170 [1] 7,796 [1] 11,144 [1]
Benefit (provision) for income taxes (392) [1] (546) [1] (842) [1] (4,059) [1]
Earnings from continuing operations 3,677 [1] 3,624 [1] 6,954 [1] 7,085 [1]
Earnings (loss) from discontinued operations, net of taxes (553) [1] 194 [1] (770) [1] 229 [1]
Net earnings (loss) 3,124 [1] 3,818 [1] 6,184 [1] 7,314 [1]
Less net earnings (loss) attributable to noncontrolling interests 19 [1] 54 [1] 45 [1] 117 [1]
Net earnings (loss) attributable to the Company 3,105 [1] 3,764 [1] 6,139 [1] 7,197 [1]
Preferred stock dividends declared 0 [1] (75) [1] 0 [1] (150) [1]
Net earnings (loss) attributable to GE common shareowners 3,105 [1] 3,689 [1] 6,139 [1] 7,047 [1]
Amounts attributable to the Company        
Earnings (loss) from continuing operations 3,658 [1] 3,570 [1] 6,909 [1] 6,968 [1]
Earnings (loss) from discontinued operations, net of taxes (553) [1] 194 [1] (770) [1] 229 [1]
Net earnings (loss) attributable to the Company 3,105 [1] 3,764 [1] 6,139 [1] 7,197 [1]
Subsidiaries GECC [Member]
       
Revenues        
Sales of goods 26 42 56 84
Sales of services 0 0 0 0
Other income 0 0 0 0
GECC earnings from continuing operations 0 0 0 0
GECC revenues from services 11,432 12,398 22,844 25,392
Total revenues and other income 11,458 12,440 22,900 25,476
Costs and expenses        
Cost of goods sold 23 38 48 78
Cost of services sold 0 0 0 0
Interest and other financial charges 2,988 3,598 6,184 7,182
Investment contracts, insurance losses and insurance annuity benefits 702 790 1,473 1,559
Provision for losses on financing receivables 743 792 1,606 1,932
Other costs and expenses 4,764 5,241 9,360 10,494
Total costs and expenses, Total 9,220 10,459 18,671 21,245
Earnings (loss) from continuing operations before income taxes 2,238 1,981 4,229 4,231
Benefit (provision) for income taxes (102) (346) (289) (775)
Earnings from continuing operations 2,136 1,635 3,940 3,456
Earnings (loss) from discontinued operations, net of taxes (553) 195 (770) 230
Net earnings (loss) 1,583 1,830 3,170 3,686
Less net earnings (loss) attributable to noncontrolling interests 14 20 26 51
Net earnings (loss) attributable to the Company 1,569 1,810 3,144 3,635
Preferred stock dividends declared 0 0 0 0
Net earnings (loss) attributable to GE common shareowners 1,569 1,810 3,144 3,635
Amounts attributable to the Company        
Earnings (loss) from continuing operations 2,122 1,615 3,914 3,405
Earnings (loss) from discontinued operations, net of taxes (553) 195 (770) 230
Net earnings (loss) attributable to the Company $ 1,569 $ 1,810 $ 3,144 $ 3,635
[1] (a) Represents the adding together of all affiliated companies except General Electric Capital Corporation. (GECC or financial services), which is presented on a one-line basis.