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Statement of Financial Position - USD ($)
$ in Millions
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2012
Assets      
Cash and equivalents $ 70,483 $ 70,025  
Investment securities (Note 3) 31,973 35,505  
Current receivables (Note 4) 27,022 23,237  
Inventories (Note 5) 22,515 17,689  
Financing receivables - net (Note 6) 12,052 13,445  
Other GE Capital Receivables 6,782 6,261  
Property, plant and equipment - net (Note 7) 54,095 48,070  
Receivables from GE Capital (debt assumption) 0 0  
Investment in GE Capital 0 0  
Goodwill (Note 8) 65,526 53,207  
Other intangible assets - net (Note 8) 16,744 13,182  
Contract Assets (Note 9) 21,156 16,960  
All other assets (Note 9) 37,471 24,836  
Deferred income taxes (Note 14) 3,105 6,183  
Assets of businesses held for sale (Note 2) 2,818 2,826  
Assets of discontinued operations (Note 2) 120,951 323,529  
Total assets(a) [1] 492,692 654,954  
Liabilities and equity      
Short-term borrowings (Note 10) 49,892 70,425  
Accounts payable, principally trade accounts 13,680 12,067  
Progress collections and price adjustments accrued 15,776 12,537  
Dividends payable 2,167 2,317  
Other GE current liabilities 23,597 14,323  
Non-recourse borrowings of consolidated securitization entities (Note 10) 3,083 4,403  
Long-term borrowings (Note 10) 145,301 186,596  
Investment contracts, insurance liabilities and insurance annuity benefits (Note 11) 25,692 27,432  
Deferred income taxes 0 0  
Non-current compensation and benefits 40,487 42,238  
All other liabilities (Note 13) 22,558 16,511  
Liabilities of businesses held for sale (Note 2) 861 941  
Liabilities of discontinued operations (Note 2) 46,487 128,233  
Total liabilities(a) [1] 389,582 518,023  
Redeemable noncontrolling interest (Note 15) 2,972 98 $ 214
Preferred stock value (5,944,250 shares outstanding at year-end 2015 and no shares outstanding at year-end 2014) 6 0  
GECC preferred stock value (no shares outstanding at year-end 2015 and 50,000 shares outstanding at year-end 2014) 0 0  
Common stock (9,379,288,000 and 10,057,380,000 shares outstanding at year-end 2015 and 2014) 702 702  
Accumulated other comprehensive income (loss) - attributable to GE(b)      
Investment securities [2] 460 1,013  
Currency translation adjustments [2] (5,499) (2,428)  
Cash flow hedges [2] (80) (180)  
Benefit plans [2] (11,410) (16,578)  
Other capital 37,613 32,889 33,070
Retained earnings 140,020 155,333 144,055
Less common stock held in treasury (63,539) (42,593) (34,571)
Total GE shareowners' equity 98,274 128,159 123,026
Noncontrolling interests(c) (Note 15) 1,864 [3] 8,674 [3] 5,444
Total equity 100,138 136,833  
Total liabilities, redeemable noncontrolling interests and equity 492,692 654,954  
GE      
Assets      
Cash and equivalents [4] 10,372 15,916  
Investment securities (Note 3) [4] 151 84  
Current receivables (Note 4) [4] 14,707 11,513  
Inventories (Note 5) [4] 22,449 17,639  
Financing receivables - net (Note 6) [4] 0 0  
Other GE Capital Receivables [4] 0 0  
Property, plant and equipment - net (Note 7) 20,145 17,207 [4]  
Receivables from GE Capital (debt assumption) [4] 85,114 0  
Investment in GE Capital [4] 46,227 82,549  
Goodwill (Note 8) [4] 63,157 51,526  
Other intangible assets - net (Note 8) [4] 16,312 12,984  
Contract Assets (Note 9) [4] 21,156 16,960  
All other assets (Note 9) [4] 13,281 7,722  
Deferred income taxes (Note 14) [4] 7,666 8,772  
Assets of businesses held for sale (Note 2) [4] 2,818 2,805  
Assets of discontinued operations (Note 2) [4] 9 9  
Total assets(a) 323,562 [4] 245,686 [4] $ 663,247
Liabilities and equity      
Short-term borrowings (Note 10) [4],[5] 19,799 3,872  
Accounts payable, principally trade accounts [4] 19,250 16,511  
Progress collections and price adjustments accrued [4] 15,776 12,550  
Dividends payable [4] 2,167 2,317  
Other GE current liabilities [4] 23,595 14,322  
Non-recourse borrowings of consolidated securitization entities (Note 10) [4] 0 0  
Long-term borrowings (Note 10) [4],[5] 83,770 12,468  
Investment contracts, insurance liabilities and insurance annuity benefits (Note 11) [4] 0 0  
Deferred income taxes [4] 0 0  
Non-current compensation and benefits [4] 39,472 41,494  
All other liabilities (Note 13) [4] 15,573 11,429  
Liabilities of businesses held for sale (Note 2) [4] 1,409 1,504  
Liabilities of discontinued operations (Note 2) [4] 128 137  
Total liabilities(a) [4] 220,938 116,604  
Redeemable noncontrolling interest (Note 15) [4] 2,972 98  
Preferred stock value (5,944,250 shares outstanding at year-end 2015 and no shares outstanding at year-end 2014) [4] 6 0  
GECC preferred stock value (no shares outstanding at year-end 2015 and 50,000 shares outstanding at year-end 2014) 0 0  
Common stock (9,379,288,000 and 10,057,380,000 shares outstanding at year-end 2015 and 2014) [4] 702 702  
Accumulated other comprehensive income (loss) - attributable to GE(b)      
Investment securities [4] 460 1,013  
Currency translation adjustments [4] (5,499) (2,428)  
Cash flow hedges [4] (80) (180)  
Benefit plans [4] (11,410) (16,578)  
Other capital [4] 37,613 32,889  
Retained earnings [4] 140,020 155,333  
Less common stock held in treasury [4] (63,539) (42,593)  
Total GE shareowners' equity [4] 98,274 128,159  
Noncontrolling interests(c) (Note 15) [4] 1,378 825  
Total equity [4] 99,651 128,984  
Total liabilities, redeemable noncontrolling interests and equity [4] 323,562 245,686  
GE Capital      
Assets      
Cash and equivalents 60,111 54,109  
Investment securities (Note 3) 31,827 35,425  
Current receivables (Note 4) 0 0  
Inventories (Note 5) 66 50  
Financing receivables - net (Note 6) 25,003 25,647  
Other GE Capital Receivables 15,865 13,848  
Property, plant and equipment - net (Note 7) 34,781 31,253  
Receivables from GE Capital (debt assumption) 0 0  
Investment in GE Capital 0 0  
Goodwill (Note 8) 2,370 1,680  
Other intangible assets - net (Note 8) 435 202  
Contract Assets (Note 9) 0 0  
All other assets (Note 9) 25,287 17,445  
Deferred income taxes (Note 14) (4,561) (2,590)  
Assets of businesses held for sale (Note 2) 0 0  
Assets of discontinued operations (Note 2) 120,942 323,520  
Total assets(a) 312,125 500,589  
Liabilities and equity      
Short-term borrowings (Note 10) [5] 48,650 67,416  
Accounts payable, principally trade accounts 1,745 1,905  
Progress collections and price adjustments accrued 0 0  
Dividends payable 0 0  
Other GE current liabilities 0 0  
Non-recourse borrowings of consolidated securitization entities (Note 10) 3,083 4,403  
Long-term borrowings (Note 10) [5] 129,062 174,174  
Investment contracts, insurance liabilities and insurance annuity benefits (Note 11) 26,155 27,881  
Deferred income taxes 0 0  
Non-current compensation and benefits 1,006 734  
All other liabilities (Note 13) 9,351 5,583  
Liabilities of businesses held for sale (Note 2) 0 0  
Liabilities of discontinued operations (Note 2) 46,359 128,096  
Total liabilities(a) 265,411 410,191  
Redeemable noncontrolling interest (Note 15) 0 0  
Preferred stock value (5,944,250 shares outstanding at year-end 2015 and no shares outstanding at year-end 2014) 6 0  
GECC preferred stock value (no shares outstanding at year-end 2015 and 50,000 shares outstanding at year-end 2014) 0 0  
Common stock (9,379,288,000 and 10,057,380,000 shares outstanding at year-end 2015 and 2014) 0 0  
Accumulated other comprehensive income (loss) - attributable to GE(b)      
Investment securities 456 1,010  
Currency translation adjustments (898) (839)  
Cash flow hedges (112) (172)  
Benefit plans (540) (577)  
Other capital 12,326 32,999  
Retained earnings 34,988 55,077  
Less common stock held in treasury 0 0  
Total GE shareowners' equity 46,227 87,499  
Noncontrolling interests(c) (Note 15) 486 2,899  
Total equity 46,713 90,398  
Total liabilities, redeemable noncontrolling interests and equity $ 312,125 $ 500,589  
[1] (a) Our consolidated assets at December 31, 2015 included total assets of $8,542 million of certain variable interest entities (VIEs) that can only be used to settle the liabilities of those VIEs. These assets included current receivables and net financing receivables of $4,387 million and investment securities of $1,404 million within contin uing operations and assets of discontinued operations of $1,798 million. Our consolidated liabilities at December 31, 2015 included liabilities of certain VIEs for which the VIE creditors do not have recourse to GE. These liabilities included non-recourse borro wings of consolidated securitization entities (CSEs) of $3,083 million within continuing operations and non-recourse borrowings of CSEs within discontinued operations of $794 million. See Note 21 .
[2] (b) The sum of accumulated other comprehensive inco me (loss) (AOCI) attributable to the Company was $ (16,529) million and $ (18,172) million at December 31, 2015 and 2014 , respectively.
[3] (c) Included AOCI attributable to noncontrolling interests of $ (264) million and $ (194) milli on at December 31, 2015 and 2014 , respectively.
[4] (a) Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis.
[5] On December 2, 2015, senior unsecured notes and commercial paper was assumed by GE upon its merger with GE Capital resulting in an intercompany payable to GE. At December 31, 2015, this amounted to $17,649 million in short-term borrowings and $67,465 million in long-term borrowings. See Note 10 for additional information.