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Statement of Earnings - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues and other income      
Sales of goods $ 74,510 $ 76,568 $ 71,873
Sales of services 31,298 30,190 28,669
Other income (Note 17) 2,227 778 3,107
GE Capital earnings from continuing operations 0 0 0
GE Capital revenues from services 9,350 9,648 9,595
Total revenues and other income 117,386 117,184 113,245
Costs and expenses      
Cost of goods sold 59,905 61,257 57,867
Cost of services sold 22,788 22,447 21,974
Selling, general and administrative expenses 17,831 16,848 17,945
Interest and other financial charges 3,463 2,723 2,870
Investment contracts, insurance losses and insurance annuity benefits 2,605 2,530 2,661
Other costs and expenses 2,608 1,115 828
Total costs and expenses 109,200 106,921 104,145
Earnings (loss) from continuing operations before income taxes 8,186 10,263 9,100
Benefit (provision) for income taxes (6,485) (773) (1,219)
Earnings (loss) from continuing operations 1,700 9,490 7,881
Earnings (loss) from discontinued operations, net of taxes (Note 2) (7,495) 5,855 5,475
Net earnings (loss) (5,795) 15,345 13,355
Less net earnings (loss) attributable to noncontrolling interests 332 112 298
Net earnings (loss) attributable to the Company (6,126) 15,233 13,057
Preferred stock dividends declared (18) 0 0
Net earnings (loss) attributable to GE common shareowners (6,145) 15,233 13,057
Amounts attributable to GE common shareowners      
Earnings (loss) from continuing operations 1,700 9,490 7,881
Less net earnings (loss) from continuing operations, attributable to noncontrolling interests 19 (45) 262
Earnings (loss) from continuing operations attributable to the Company 1,681 9,535 7,618
Preferred stock dividends declared (18) 0 0
Net earnings (loss) from continuing operations attributable to GE common shareowners 1,663 9,535 7,618
Earnings (loss) from discontinued operations, net of taxes (7,495) 5,855 5,475
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations 312 157 36
Net earnings (loss) attributable to GE common shareowners $ (6,145) $ 15,233 $ 13,057
Earnings (loss) from continuing operations      
Diluted earnings (loss) per share $ 0.17 $ 0.94 $ 0.74
Basic earnings (loss) per share 0.17 0.95 0.74
Net earnings      
Diluted earnings (loss) per share (0.61) 1.5 1.27
Basic earnings (loss) per share (0.62) 1.51 1.28
Dividends declared per common share $ 0.92 $ 0.89 $ 0.79
GE      
Revenues and other income      
Sales of goods $ 74,565 $ 76,715 $ 71,951
Sales of services 31,641 30,594 29,063
Other income (Note 17) 2,165 707 2,886
GE Capital earnings from continuing operations (7,672) 1,532 699
GE Capital revenues from services 0 0 0
Total revenues and other income 100,700 109,546 104,599
Costs and expenses      
Cost of goods sold 59,970 61,420 57,962
Cost of services sold 20,858 20,456 19,668
Selling, general and administrative expenses 14,914 14,972 16,104
Interest and other financial charges 1,706 1,579 1,333
Investment contracts, insurance losses and insurance annuity benefits 0 0 0
Other costs and expenses 0 0 0
Total costs and expenses 97,447 98,427 95,068
Earnings (loss) from continuing operations before income taxes 3,252 11,119 9,531
Benefit (provision) for income taxes (1,506) (1,634) (1,667)
Earnings (loss) from continuing operations 1,746 9,485 7,864
Earnings (loss) from discontinued operations, net of taxes (Note 2) (7,807) 5,698 5,439
Net earnings (loss) [1] (6,061) 15,182 13,303
Less net earnings (loss) attributable to noncontrolling interests [1] 83 (50) 245
Net earnings (loss) attributable to the Company [1] (6,145) 15,233 13,057
Preferred stock dividends declared 0 0 0
Net earnings (loss) attributable to GE common shareowners (6,145) 15,233 13,057
Amounts attributable to GE common shareowners      
Earnings (loss) from continuing operations 1,746 9,485 7,864
Less net earnings (loss) from continuing operations, attributable to noncontrolling interests 83 (50) 245
Earnings (loss) from continuing operations attributable to the Company 1,663 9,535 7,618
Preferred stock dividends declared 0 0 0
Net earnings (loss) from continuing operations attributable to GE common shareowners 1,663 9,535 7,618
Earnings (loss) from discontinued operations, net of taxes [1] (7,807) 5,698 5,439
Net earnings (loss) attributable to GE common shareowners (6,145) 15,233 13,057
GE Capital      
Revenues and other income      
Sales of goods 79 121 126
Sales of services 0 0 0
Other income (Note 17) 0 0 0
GE Capital earnings from continuing operations 0 0 0
GE Capital revenues from services 10,722 11,199 11,141
Total revenues and other income 10,801 11,320 11,267
Costs and expenses      
Cost of goods sold 69 104 108
Cost of services sold 2,273 2,394 2,700
Selling, general and administrative expenses 3,512 2,689 2,550
Interest and other financial charges 2,301 1,638 2,021
Investment contracts, insurance losses and insurance annuity benefits 2,737 2,660 2,764
Other costs and expenses 2,647 1,159 856
Total costs and expenses 13,539 10,645 10,999
Earnings (loss) from continuing operations before income taxes (2,739) 676 268
Benefit (provision) for income taxes (4,979) 861 448
Earnings (loss) from continuing operations (7,718) 1,537 716
Earnings (loss) from discontinued operations, net of taxes (Note 2) (7,485) 5,860 5,540
Net earnings (loss) (15,202) 7,397 6,256
Less net earnings (loss) attributable to noncontrolling interests 248 162 53
Net earnings (loss) attributable to the Company (15,450) 7,234 6,204
Preferred stock dividends declared (330) (322) (298)
Net earnings (loss) attributable to GE common shareowners (15,780) 6,912 5,906
Amounts attributable to GE common shareowners      
Earnings (loss) from continuing operations (7,718) 1,537 716
Less net earnings (loss) from continuing operations, attributable to noncontrolling interests (64) 5 17
Earnings (loss) from continuing operations attributable to the Company (7,654) 1,532 699
Preferred stock dividends declared (330) (322) (298)
Net earnings (loss) from continuing operations attributable to GE common shareowners (7,983) 1,209 401
Earnings (loss) from discontinued operations, net of taxes (7,485) 5,860 5,540
Net earnings (loss) attributable to GE common shareowners $ (15,780) $ 6,912 $ 5,906
[1] (a) Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis.