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Operating Segments
 12 Months Ended
Dec. 31, 2015
Operating Segments Reconciliation [Abstract]  
Summary of Operating Segments
SUMMARY OF OPERATING SEGMENTS
General Electric Company and consolidated affiliates
(In millions)20152014201320122011
Revenues
Power$21,490$20,580$19,315$20,364$20,335
Renewable Energy6,2736,3994,8247,3734,924
Oil & Gas16,45019,08517,34115,53913,874
Energy Management7,6007,3197,5697,4126,422
Aviation24,66023,99021,91119,99418,859
Healthcare17,63918,29918,20018,29018,083
Transportation5,9335,6505,8855,6084,885
Appliances & Lighting8,7518,4048,3387,9677,692
      Total industrial segment revenues108,796109,727103,383102,54895,074
Capital10,80111,32011,26711,26811,843
      Total segment revenues119,597121,047114,650113,816106,918
Corporate items and eliminations(2,211)(3,863)(1,405)(1,228)3,145
Consolidated revenues$117,386$117,184$113,245$112,588$110,062
Segment profit
Power$4,502$4,486$4,328$4,368$4,213
Renewable Energy431694485914714
Oil & Gas2,4272,7582,3572,0641,754
Energy Management27024611013178
Aviation5,5074,9734,3453,7473,512
Healthcare2,8823,0473,0482,9202,803
Transportation1,2731,1301,1661,031757
Appliances & Lighting674431381311237
      Total industrial segment profit17,96617,76416,22015,48714,067
Capital(7,983)1,2094011,2451,469
      Total segment profit9,98318,97316,62116,73115,536
Corporate items and eliminations(5,108)(6,225)(6,002)(4,719)(1,317)
GE interest and other financial charges(1,706)(1,579)(1,333)(1,353)(1,299)
GE provision for income taxes(1,506)(1,634)(1,667)(2,013)(4,839)
Earnings from continuing operations
  attributable to GE common shareowners1,6639,5357,6188,6468,081
Earnings (loss) from discontinued
   operations, net of taxes(7,495)5,8555,4755,0475,143
Less net earnings (loss) attributable to
noncontrolling interests, discontinued operations 3121573653104
Earnings (loss) from discontinued operations,
net of tax and noncontrolling interest(7,807)5,6985,4394,9955,039
Consolidated net earnings (loss)
attributable to GE common shareowners$(6,145)$15,233$13,057$13,641$13,120

NOTE 24. OPERATING SEGMENTS

Basis for presentation

Our operating businesses are organized based on the nature of markets and customers. Segment accounting policies are the same as described and referenced in Note 1. Segment results for our financial services businesses reflect the discrete tax effect of transactions.

Results of our equity method investment in NBCU LLC, which we sold in the first quarter of 2013 are reported in the Corporate items and eliminations line on the Summary of Operating Segments.

A description of our operating segments as of December 31, 2015, can be found below, and details of segment profit by operating segment can be found in the Summary of Operating Segments table in “Management’s Discussion and Analysis of Financial Condition and Results of Operations”

Power

Power plant products and services, including design, installation, operation and maintenance services are sold into global markets. Gas, steam and aeroderivative turbines, nuclear reactors, generators, combined cycle systems, controls and related services, including total asset optimization solutions, equipment upgrades and long-term maintenance service agreements are sold to power generation and other industrial customers. Water treatment services and equipment include specialty chemical treatment programs, water purification equipment, mobile treatment systems and desalination processes.

renewable energy

Renewable Energy makes power from renewable sources affordable, accessible, and reliable for the benefit of people everywhere. With one of the broadest technology portfolios in the industry, Renewable Energy creates value for customers by providing technology and services in the Onshore Wind Power industry, high-yield offshore wind turbines as well as a full range of solutions, products and services to serve the hydropower industry, from initial design to final commissioning.

Oil & Gas

Oil & Gas supplies mission critical equipment for the global oil and gas industry, used in applications spanning the entire value chain from drilling and completion through production, liquefied natural gas (LNG) and pipeline compression, pipeline inspection, and including downstream processing in refineries and petrochemical plants. The business designs and manufactures surface and subsea drilling and production systems, equipment for floating production platforms, compressors, turbines, turboexpanders, high pressure reactors, industrial power generation and a broad portfolio of auxiliary equipment.

Energy Management

Energy Management is GE’s electrification business. Global teams design leading technology solutions for the delivery, management, conversion and optimization of electrical power for customers across multiple energy-intensive industries. GE has invested in our Energy Management capabilities, with strategic acquisitions and joint ventures that enable GE to increase its offerings to the utility, industrial, renewable energy, oil and gas, marine, metals and mining industries. Plant automation hardware, software and embedded computing systems including controllers, embedded systems, advanced software, motion control, operator interfaces and industrial computers are also provided by Energy Management.

Aviation

Aviation products and services include jet engines, aerospace systems and equipment, replacement parts and repair and maintenance services for all categories of commercial aircraft; for a wide variety of military aircraft, including fighters, bombers, tankers and helicopters; for marine applications; and for executive and regional aircraft. Products and services are sold worldwide to airframe manufacturers, airlines and government agencies.

Healthcare

Healthcare products include diagnostic imaging systems such as magnetic resonance (MR), computed tomography (CT) and positron emission tomography (PET) scanners, X-ray, surgical & interventional imaging, nuclear imaging, digital mammography and molecular imaging technologies. Healthcare-manufactured technologies include patient and resident monitoring, diagnostic cardiology, ultrasound, bone densitometry, anesthesiology and oxygen therapy, and neonatal and critical care devices. Related services include equipment monitoring and repair, information technologies and customer productivity services. Products also include diagnostic imaging agents used in medical scanning procedures, drug discovery, biopharmaceutical manufacturing and purification, and tools for protein and cellular analysis for pharmaceutical and academic research, including a pipeline of precision molecular diagnostics in development for neurology, cardiology and oncology applications. Products and services are sold worldwide to hospitals, medical facilities, pharmaceutical and biotechnology companies, and to the life science research market.

Transportation

Transportation is a global technology leader and supplier to the railroad, mining, marine and drilling industries. GE provides freight and passenger locomotives, diesel engines for rail, marine and stationary power applications, railway signaling and communications systems, underground mining equipment, motorized drive systems for mining trucks, information technology solutions, high-quality replacement parts and value added services.

Appliances & Lighting

Products include major appliances and related services for products such as refrigerators, freezers, electric and gas ranges, cooktops, dishwashers, clothes washers and dryers, microwave ovens, room air conditioners, residential water systems for filtration, softening and heating, and hybrid water heaters. These products are distributed both to retail outlets and direct to consumers, mainly for the replacement market, and to building contractors and distributors for new installations. Lighting manufactures, sources and sells a variety of energy-efficient solutions for commercial, industrial, municipal and consumer applications, utilizing light-emitting diode (LED), fluorescent, halogen and high-intensity discharge (HID) technologies. Products and services are sold in North America and in global markets under various GE and private-label brands.

Capital

Capital’s continuing financial services businesses and products are geared to utilize GE’s industry-specific expertise in aviation, energy, infrastructure and healthcare to capitalize on market-specific opportunities. In addition, we continue to operate our run-off insurance activities as part of our continuing operations. Products and services are primarily offered in North America and in global markets through its Vertical financing businesses.

REVENUES
Total revenues(a)Intersegment revenues(b)External revenues
(In millions) 2015 2014 2013 2015 2014 2013 2015 2014 2013
Power $21,490$20,580$19,315$762$778$700$20,728$19,802$18,615
Renewable Energy6,2736,3994,8241214176,2616,3864,807
Oil & Gas16,45019,08517,34138740237116,06318,68316,970
Energy Management7,6007,3197,5691,0008908486,6006,4296,720
Aviation24,66023,99021,91141869250024,24223,29821,411
Healthcare17,63918,29918,200761417,63318,29318,186
Transportation5,9335,6505,8851(2)125,9325,6525,874
Appliances & Lighting8,7518,4048,3382222258,7298,3838,313
   Total industrial108,796109,727103,3832,6082,8012,486106,188106,926100,896
Capital10,80111,32011,2671,1511,0378419,65010,28310,427
Corporate items
   and eliminations(c)(2,211)(3,863)(1,405)(3,759)(3,838)(3,327)1,548(25)1,922
Total$117,386$117,184$113,245$-$-$-$117,386$117,184$113,245

(a) Revenues of GE businesses include income from sales of goods and services to customers and other income.

(b) Sales from one component to another generally are priced at equivalent commercial selling prices.

(c) Includes the results of our former equity method investment in NBCUniversal LLC.

Revenues from customers located in the United States were $53,238 million, $51,147 million and $49,356 million in 2015, 2014 and 2013, respectively. Revenues from customers located outside the United States were $64,148 million, $66,038 million and $63,888 million in 2015, 2014 and 2013, respectively.

Property, plant and
Assets(a)(b)equipment additions(c)Depreciation and amortization
At December 31For the years ended December 31For the years ended December 31
(In millions) 2015 2014 2013 2015 2014 2013 2015 2014 2013
Power$51,674$26,698$26,168$2,122$578$685$712$563$593
Renewable Energy8,7263,5723,269999412311611373
Oil & Gas26,12627,32926,2504226561,191596585481
Energy Management16,80810,97610,3051,073176137322313323
Aviation34,52433,71632,2731,2601,1971,178855824677
Healthcare28,16229,22727,858284405316799843861
Transportation4,3684,4494,418202128282179169166
Appliances & Lighting4,7024,5604,306275359405103235300
Capital(d)316,686503,179520,3997,5703,8183,2742,5842,6122,847
Corporate items
   and eliminations(e)91611,2498,001(297)(111)194231164258
Total$492,692$654,954$663,247$13,911$7,247$7,685$6,499$6,421$6,581

  • Assets of industrial discontinued operations, NBCU (our formerly consolidated subsidiary) and our former equity method investment in NBCUniversal LLC are included in Corporate items and eliminations for all periods presented.
  • Total assets of Power, Renewable Energy, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation, Appliances & Lighting and Capital operating segments at December 31, 2015, include investment in and advances to associated companies of $469 million, $36 million, $143 million, $743 million, $1,400 million, $571 million, $6 million, $59 million and $7,546 million, respectively. Investments in and advances to associated companies contributed approximately $31 million, $(1) million, $7 million, $17 million, $88 million, $(43) million, $60 million and $347 million to segment pre-tax income of Power, Renewable Energy, Oil & Gas, Energy Management, Aviation, Healthcare, Appliances & Lighting and Capital operating segments, respectively, and Transportation an insignificant amount, for the year ended December 31, 2015.
  • Additions to property, plant and equipment include amounts relating to principal businesses purchased.
  • Includes Capital discontinued operations
  • Includes deferred income taxes that are presented as assets for purposes of our consolidating balance sheet presentation.

Interest and other financial chargesProvision (benefit) for income taxes
(In millions)201520142013201520142013
Capital$2,301$1,638$2,021$4,979$(861)$(448)
Corporate items and eliminations(a)1,1621,0858491,5061,6341,667
Total$3,463$2,723$2,870$6,485$773$1,219

(a) Included amounts for Power, Renewable Energy, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation and Appliances & Lighting, for which our measure of segment profit excludes interest and other financial charges and income taxes.

Property, plant and equipment – net associated with operations based in the United States were $14,273 million, $9,868 million and $10,065 million at year-end 2015, 2014 and 2013, respectively. Property, plant and equipment – net associated with operations based outside the United States were $39,822 million, $38,202 million and $40,165 million at year-end 2015, 2014 and 2013, respectively.