10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549

FORM 10-Q

 (Mark One)

 QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2016

OR

 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ____ to ____

Commission file number001-00035

GENERAL ELECTRIC COMPANY

(Exact name of registrant as specified in its charter)

New York	14-0689340
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
3135 Easton Turnpike, Fairfield, CT	06828-0001
(Address of principal executive offices)	(Zip Code)
(Registrant's telephone number, including area code)(203) 373-2211 _______________________________________________ (Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes No 

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes No 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer 	Accelerated filer 
Non-accelerated filer 	Smaller reporting company 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes  No 

There were 8,961,233,000 shares of common stock with a par value of $0.06 per share outstanding at June 30, 2016.

TABLE OF CONTENTS

	Page
Forward Looking Statements	3
Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)	4
Key Performance Indicators	8
Consolidated Results	10
Segment Operations	14
Corporate Items and Eliminations	36
Discontinued Operations	38
Other Consolidated Information	39
Statement of Financial Position	40
Financial Resources and Liquidity	41
Exposures	47
Critical Accounting Estimates	48
Other Items	49
Supplemental Information	50
Controls and Procedures	56
Other Financial Data	56
Regulations and Supervision	57
Legal Proceedings	58
Financial Statements and Notes	61
Exhibits	118
Form 10-Q Cross Reference Index	119
Signatures	120

FORWARD LOOKING STATEMENTS

This document contains "forward-looking statements" – that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance and financial condition, and often contain words such as "expect," "anticipate," "intend," "plan," "believe," "seek," "see," "will," "would," or "target."

Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about our announced plan to reduce the size of our financial services businesses, including expected cash and non-cash charges associated with this plan and earnings per share of GE Capital's retained businesses (Verticals); expected income; earnings per share; revenues; organic growth; growth and productivity associated with our Digital business; margins; cost structure; restructuring charges; acquisition-related synergies; cash flows; return on capital; capital expenditures, capital allocation or capital structure; dividends; and the split between Industrial and Capital earnings.

For us, particular uncertainties that could cause our actual results to be materially different than those expressed in our forward-looking statements include:

 our ability to complete incremental asset sales as part of our announced plan to reduce the size of our financial services businesses in a timely manner (or at all) and at the prices we have assumed;

 our ability to reduce costs as we execute that plan;

 changes in law, economic and financial conditions, including interest and exchange rate volatility, commodity and equity prices and the value of financial assets, including the impact of these conditions on our ability to execute that plan;

 the impact of conditions in the financial and credit markets on the availability and cost of GE Capital Global Holdings, LLC's (GE Capital) funding, and GE Capital's exposure to counterparties;

 the impact of conditions in the housing market and unemployment rates on the level of commercial credit defaults;

 pending and future mortgage loan repurchase claims and other litigation claims and investigations in connection with WMC, which may affect our estimates of liability, including possible loss estimates;

 our ability to maintain our current credit rating and the impact on our funding costs and competitive position if we do not do so;

 the amount and timing of our cash flows and earnings and other conditions, which may affect our ability to pay our quarterly dividend at the planned level or to repurchase shares at planned levels;

 GE Capital's ability to pay dividends to GE at the planned level, which may be affected by GE Capital's cash flows and earnings, financial services regulation and oversight, and other factors;

 our ability to convert pre-order commitments/wins into orders/bookings;

 the price we realize on orders/bookings since commitments/wins are stated at list prices;

 customer actions or developments such as early aircraft retirements or reduced energy demand and other factors that may affect the level of demand and financial performance of the major industries and customers we serve;

 the effectiveness of our risk management framework;

 the impact of regulation and regulatory, investigative and legal proceedings and legal compliance risks, including the impact of financial services regulation and litigation;

 our capital allocation plans, as such plans may change including with respect to the timing and size of share repurchases, acquisitions, joint ventures, dispositions and other strategic actions;

 our success in completing, including obtaining regulatory approvals for, announced transactions, such as our announced plan and transactions to reduce the size of our financial services businesses;

 our success in integrating acquired businesses and operating joint ventures, including Alstom;

 our ability to realize anticipated earnings and savings from announced transactions, acquired businesses and joint ventures, including Alstom;

 the impact of potential information technology or data security breaches; and

 the other factors that are described in "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2015.

These or other uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements. This document includes certain forward-looking projected financial information that is based on current estimates and forecasts. Actual results could differ materially.

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MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (MD&A)

PRESENTATION

The consolidated financial statements of General Electric Company (the Company) combine the industrial manufacturing and services businesses of General Electric Company (GE) with the financial services businesses of GE Capital Global Holdings, LLC, and its predecessor, General Electric Capital Corporation (GE Capital or Financial Services).

We believe that investors will gain a better understanding of our company if they understand how we measure and talk about our results. Because of the diversity in our businesses, we present our financial statements in a three-column format, which allows investors to see our industrial operations separately from our Financial Services operations. We believe that this, along with further disaggregation of our results into segments and GE Capital Verticals, provides useful information to investors. When used in this report, unless otherwise indicated by the context, we use the terms to mean the following:

 General Electric or the Company – the parent company, General Electric Company.

 GE – the adding together of all affiliates other than GE Capital, whose continuing operations are presented on a one-line basis, giving effect to the elimination of transactions among such affiliates. Transactions between GE and GE Capital have not been eliminated at the GE level. We present the results of GE in the center column of our consolidated statements of earnings, financial position and cash flows. An example of a GE metric is GE cash from operating activities (GE CFOA).

 General Electric Capital Corporation or GECC – the predecessor to GE Capital Global Holdings, LLC.

 GE Capital Global Holdings, LLC or GECGH – the adding together of all affiliates of GECGH, giving effect to the elimination of transactions among such affiliates.

 GE Capital or Financial Services – refers to GECGH, or its predecessor GECC, and is the adding together of all affiliates of GE Capital giving effect to the elimination of transactions among such affiliates. We present the results of GE Capital in the right-side column of our consolidated statements of earnings, financial position and cash flows.

 GE consolidated – the adding together of GE and GE Capital, giving effect to the elimination of transactions between the two. We present the results of GE consolidated in the left-side column of our consolidated statements of earnings, financial position and cash flows.

 Industrial – GE excluding the continuing operations of GE Capital. We believe that this provides investors with a view as to the results of our industrial businesses and corporate items. An example of an Industrial metric is Industrial CFOA, which is GE CFOA excluding the effects of dividends from GE Capital.

 Industrial segment – the sum of our eight industrial reporting segments, without giving effect to the elimination of transactions among such segments. This provides investors with a view as to the results of our industrial segments, without inter-segment eliminations and corporate items. An example of an industrial segment metric is industrial segment revenue growth.

 Total segment – the sum of our eight industrial segments and one financial services segment, without giving effect to the elimination of transactions among such segments. This provides investors with a view as to the results of all of our segments, without inter-segment eliminations and corporate items.

 Verticals or GE Capital Verticals – the adding together of GE Capital businesses that we expect to retain, principally its vertical financing businesses—GE Capital Aviation Services (GECAS), Energy Financial Services (EFS) and Industrial Finance (which includes Healthcare Equipment Finance, Working Capital Solutions and Industrial Financing Solutions)—that relate to the Company's core industrial domain and other operations, including our run-off insurance activities, and allocated corporate costs.

We integrate acquisitions as quickly as possible. Revenues and earnings from the date we complete the acquisition through the end of the fourth quarter following the acquisition are considered the acquisition effect of such businesses.

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Discussion of GE Capital's total assets includes deferred income tax liabilities, which are presented within assets for purposes of our consolidated statement of financial position presentations for this filing.

Amounts reported in billions in graphs within this report are computed based on the amounts in millions. As a result, the sum of the components reported in billions may not equal the total amount reported in billions due to rounding. Certain columns and rows within the tables may not add due to the use of rounded numbers. Percentages presented are calculated from the underlying numbers in millions.

Discussions throughout this MD&A are based on continuing operations unless otherwise noted.

The MD&A should be read in conjunction with the Financial Statements and Notes to the consolidated financial statements.

OTHER TERMS USED BY GE

 Backlog – unfilled customer orders for products and product services (expected life of contract sales for product services).

 Continuing earnings – unless otherwise indicated, we refer to captions such as "earnings from continuing operations attributable to common shareowners" as continuing earnings or simply as earnings.

 Continuing earnings per share (EPS) – unless otherwise indicated, when we refer to continuing earnings per share, it is the diluted per-share amount of "earnings from continuing operations attributable to common shareowners".

 Digital revenues – revenues related to software-enabled product upgrades, internally developed software (including Predix) and associated hardware, and software-enabled productivity solutions. These revenues are largely generated from our operating businesses and are included in their segment results.

 Ending Net Investment (ENI) – the total capital we have invested in the Financial Services business. It is the sum of short-term borrowings, long-term borrowings and equity (excluding noncontrolling interests) adjusted for unrealized gains and losses on investment securities and hedging instruments. Alternatively, it is the amount of assets of continuing operations less the amount of non-interest-bearing liabilities.

 Equipment leased to others (ELTO) – rental equipment we own that is available to rent and is stated at cost less accumulated depreciation.

 GE Capital Exit Plan – our plan, announced on April 10, 2015, to reduce the size of our financial services businesses through the sale of most of the assets of GE Capital, and to focus on continued investment and growth in our industrial businesses.

 Industrial margin – GE revenues and other income excluding GE Capital earnings (loss) from continuing operations (Industrial revenues) minus GE total costs and expenses less GE interest and other financial charges divided by Industrial revenues.

 Industrial operating profit margin – Industrial segment profit plus corporate items and eliminations (excluding gains, restructuring, and pre-tax non-operating pension costs) divided by industrial segment revenues plus corporate items and eliminations (excluding gains and GE-GE Capital eliminations).

 Industrial segment gross margin – industrial segment sales less industrial segment cost of sales.

 Net earnings – unless otherwise indicated, we refer to captions such as "net earnings attributable to GE common shareowners" as net earnings.

 Net earnings per share (EPS) – unless otherwise indicated, when we refer to net earnings per share, it is the diluted per-share amount of "net earnings attributable to GE common shareowners".

 Non-operating pension costs – comprise the expected return on plan assets, interest cost on benefit obligations and net actuarial gain (loss) amortization for our principal pension plans.

 Operating earnings – GE earnings from continuing operations attributable to common shareowners excluding the impact of non-operating pension costs.

 Operating earnings per share – unless otherwise indicated, when we refer to operating earnings per share, it is the diluted per-share amount of "operating earnings".

 Operating pension costs – comprise the service cost of benefits earned, prior service cost amortization and curtailment gain or loss for our principal pension plans.

 Organic revenues – revenues excluding the effects of acquisitions, dispositions and foreign currency exchange.

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 Product services – for purposes of the financial statement display of sales and costs of sales in our Statement of Earnings, "goods" is required by SEC regulations to include all sales of tangible products, and "services" must include all other sales, including other services activities. In our MD&A section of this report, we refer to sales under product services agreements and sales of both goods (such as spare parts and equipment upgrades) and related services (such as monitoring, maintenance and repairs) as sales of "product services," which is an important part of our operations. We refer to "product services" simply as "services" within the MD&A.

 Product services agreements – contractual commitments, with multiple-year terms, to provide specified services for products in our Power, Renewable Energy, Oil & Gas, Aviation and Transportation installed base – for example, monitoring, maintenance, service and spare parts for a gas turbine/generator set installed in a customer's power plant.

 Revenues – unless otherwise indicated, we refer to captions such as "revenues and other income" simply as revenues.

 Segment profit – refers to the operating profit of the industrial segments and the net earnings of the Financial Services segment. See the Segment Operations section within the MD&A for a description of the basis for segment profits.

NON-GAAP FINANCIAL MEASURES

In the accompanying analysis of financial information, we sometimes use information derived from consolidated financial data but not presented in our financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP). Certain of these data are considered "non-GAAP financial measures" under the SEC rules. Specifically, we have referred, in various sections of this report, to:

 Industrial segment organic revenues

 Operating and non-operating pension costs

 Adjusted Corporate costs (operating)

 Industrial operating and GE Capital earnings (loss) from continuing operations and EPS

 Industrial operating + Verticals earnings and EPS

 Industrial operating profit and operating profit margin (excluding certain items)

 Industrial segment operating profit and operating profit margin (excluding Alstom)

 Industrial cash flows from operating activities (Industrial CFOA) and Industrial CFOA excluding taxes related to the Appliances business sale

 Capital ending net investment (ENI), excluding liquidity

The reasons we use these non-GAAP financial measures and the reconciliations to their most directly comparable GAAP financial measures are included in the Supplemental Information section within this MD&A. Non-GAAP financial measures referred to in this report are designated with an asterisk (*).

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OUR OPERATING SEGMENTS

We are a global digital industrial company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. With products and services ranging from aircraft engines, locomotives, power generation and oil and gas production equipment to medical imaging, financing and industrial products.

OUR INDUSTRIAL OPERATING SEGMENTS

	Power		Energy Connections		Transportation
	Renewable Energy		Aviation		Appliances & Lighting
	Oil & Gas		Healthcare

OUR FINANCIAL SERVICES OPERATING SEGMENT

Capital

Operational and financial overviews for our operating segments are provided in the "Segment Operations" section within this MD&A.

CORPORATE INFORMATION

GE's Internet address at www.ge.com, Investor Relations website at www.ge.com/investor-relations and our corporate blog at www.gereports.com, as well as GE's Facebook page and Twitter accounts, including @GE_Reports, contain a significant amount of information about GE, including financial and other information for investors. GE encourages investors to visit these websites from time to time, as information is updated and new information is posted.

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KEY PERFORMANCE INDICATORS

(Dollars in billions; per-share amounts in dollars)

REVENUES PERFORMANCE			INDUSTRIAL ORDERS		INDUSTRIAL BACKLOG
	2Q  2016	YTD 2016		Equipment Services		Equipment Services
Industrial Segment	7%	6%
Industrial Segment Organic*	(1)%	(1)%
Capital	3%	2%
			(a) Included $4.5 billion related to Alstom. (b) Included $7.5 billion related to Alstom.		(a) Included $30.3 billion related to Alstom.
INDUSTRIAL MARGINS			INDUSTRIAL OPERATING PROFIT MARGINS(a)*		GE CFOA
						GE Capital Dividend Industrial CFOA(b)*
			(a) Excluded gains, non-operating pension costs (pre-tax), restructuring and other, noncontrolling interests, GE Capital preferred stock dividends, as well as the results of Alstom.		(a) Included $(0.9) billion related to Alstom. (b) 2016 included taxes of $(0.7) billion related to the sale of our Appliances business.

*Non-GAAP Financial Measure

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KEY PERFORMANCE INDICATORS

(Per-share amounts in dollars)

CONTINUING EARNINGS (LOSS) PER SHARE		NET EARNINGS (LOSS) PER SHARE
OPERATING EPS*		INDUSTRIAL OPERATING + VERTICALS EPS*
SIGNIFICANT DEVELOPMENTS IN 2016
	During the first half of 2016, we returned $18.0 billion to shareholders including $13.7 billion through buyback of our common stock and $4.3 billion in dividends. For the six months ended June 30, 2016, Alstom contributed revenues of $6.0 billion and an operating loss of $0.4 billion, which included the effects of purchase accounting and acquisition related charges at Corporate of $0.5 billion. Including the effects of tax benefits of $0.4 billion, net earnings was an insignificant amount for the six months ended June 30, 2016. In addition, Alstom used cash flow from operating activities of $0.9 billion for the six months ended June 30, 2016.
	On June 6, 2016, we completed the sale of our Appliances business to Qingdao Haier Co., Ltd. (Haier) for proceeds of $5.6 billion and recognized an after-tax gain of $1.8 billion in the second quarter.
	As of June 30, 2016, we have signed agreements with buyers for $181 billion of ending net investment (ENI), excluding liquidity (as originally reported at December 31, 2014), of which $158 billion have closed. On June 28, 2016, we received approval of our request to the Financial Stability Oversight Council (FSOC) for rescission of GE Capital's designation as a nonbank Systemically Important Financial Institution (SIFI). GE Capital paid common dividends of $3.5 billion and $11.0 billion for the three and six months ended June 30, 2016, respectively.

*Non-GAAP Financial Measure

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CONSOLIDATED RESULTS

THREE AND SIX MONTHS ENDED JUNE 30

(Dollars in billions)

	REVENUES	INDUSTRIAL AND FINANCIAL SERVICES REVENUES
	(a)   Included $3.2 billion related to Alstom (b)   Included $6.0 billion related to Alstom	(a)   Included $3.2 billion related to Alstom (b)   Included $6.0 billion related to Alstom
COMMENTARY: 2016 - 2015
THREE MONTHS Consolidated revenues increased $4.3 billion, or 15%. Industrial revenues increased $4.3 billion, or 16%, mainly from the effects of acquisitions of $3.2 billion, primarily Alstom, and the net effects of dispositions of $1.6 billion, primarily due to a pre-tax gain of $3.1 billion from the sale of our Appliances business to Haier. These increases were partially offset by a decrease in Industrial organic revenue of $0.3 billion and the effects of a stronger U.S. dollar of $0.1 billion. In 2015, the effects of acquisitions and dispositions on Industrial revenues were an insignificant amount and an increase of $0.2 billion, respectively. Financial Services revenues increased $0.1 billion, or 3%, as a result of lower impairments, partially offset by lower gains.			SIX MONTHS Consolidated revenues increased $5.9 billion, or 11%. Industrial revenues increased $5.9 billion, or 12%, mainly from the effects of acquisitions of $6.0 billion, primarily Alstom, and the net effects of dispositions of $1.1 billion, primarily due to a pre-tax gain of $3.1 billion from the sale of our Appliances business to Haier. These increases were partially offset by the effects of a stronger U.S. dollar of $0.7 billion and a decrease in Industrial organic revenue of $0.5 billion. In 2015, the effects of acquisitions and dispositions on Industrial revenues were an increase of $0.2 billion and an insignificant amount, respectively. Financial Services revenues increased $0.1 billion, or 2%, primarily due to lower impairments, organic revenue growth and the effects of acquisitions, partially offset by lower gains and the effects of currency exchange.

*Non-GAAP Financial Measure

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THREE AND SIX MONTHS ENDED JUNE 30

 (Dollars in billions)

CONTINUING EARNINGS (LOSS)	INDUSTRIAL OPERATING EARNINGS + VERTICALS EARNINGS*		INDUSTRIAL SELLING, GENERAL & ADMINISTRATIVE (SG&A) AS A % OF SALES
			(a) 14.6% excluding $3.2 billion of Alstom sales and $0.6 billion of Alstom SG&A (b) 14.9% excluding $6.1 billion of Alstom sales and $1.1 billion of Alstom SG&A
COMMENTARY: 2016 - 2015
THREE MONTHS Consolidated continuing earnings increased $1.6 billion, or 95%. The net effects of dispositions on consolidated continuing earnings were increases of $1.9 billion in 2016, primarily due to an after-tax gain of $1.8 billion from the sale of our Appliances business to Haier and $0.3 billion in 2015. The effects of acquisitions on consolidated continuing earnings were a decrease of $0.1 billion in 2016 and an insignificant amount in 2015. Financial Services losses increased $0.1 billion, or 22%, primarily due to core decreases, reflecting excess interest expense and higher insurance reserve provisions, partially offset by tax adjustments in the three months ended June 30, 2016, to bring the GE Capital six- month tax rate in line with the projected full-year tax rate. Earnings per share amounts for the second quarter of 2016 were positively impacted by the reduction in number of outstanding common shares compared to the second quarter of 2015. The average number of shares outstanding used to calculate second quarter 2016 earnings per share amounts was 10% lower than in the second quarter of 2015 as a result of previously disclosed actions, primarily the 2015 Synchrony Financial share exchange and ongoing share buyback activities over the last 12 months funded in large part by dividends from GE Capital. Industrial SG&A costs increased $0.6 billion as the favorable impact of cost reductions at Corporate and lower non-operating pension costs were more than offset by increases in SG&A relating to Alstom and higher restructuring charges.		SIX MONTHS Consolidated continuing earnings increased $6.4 billion. The net effects of dispositions on consolidated continuing earnings were increases of $1.9 billion in 2016, primarily due to an after-tax gain of $1.8 billion from the sale of our Appliances business to Haier and $0.3 billion in 2015. The effects of acquisitions on consolidated continuing earnings were a decrease of $0.1 billion in 2016 and an increase of $0.1 billion in 2015. Financial Services losses decreased $4.7 billion, or 76%, primarily due to the absence of the 2015 charges associated with the GE Capital Exit Plan. Earnings per share amounts for the first six months of 2016 were positively impacted by the reduction in number of outstanding common shares compared to the first six months of 2015. The average number of shares outstanding used to calculate first six-month 2016 earnings per share amounts was 8% lower than in the first six-month of 2015 as a result of previously disclosed actions, primarily the 2015 Synchrony Financial share exchange and ongoing share buyback activities over the last 12 months funded in large part by dividends from GE Capital. Industrial SG&A costs increased $0.7 billion as the favorable impact of cost reductions at Corporate and lower non-operating pension costs were more than offset by increases in SG&A relating to Alstom and higher restructuring charges.

See the "Other Consolidated Information" section within the MD&A for a discussion of income taxes.

*Non-GAAP Financial Measure

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GE CAPITAL

GE Capital results include continuing operations, which are reported in the Capital segment (see Segment discussion), and discontinued operations (see Discontinued Operations section and Note 2).

THE GE CAPITAL EXIT PLAN

On April 10, 2015, the Company announced a plan (the GE Capital Exit Plan) to create a simple, more valuable company by reducing the size of its financial services businesses through the sale of most of the assets of GE Capital over the following 24 months and aligning a smaller GE Capital with GE's industrial businesses.

Under the GE Capital Exit Plan, which was approved on April 2, 2015 and aspects of which were approved on March 31, 2015, the Company will retain certain GE Capital businesses, principally its vertical financing businesses—GE Capital Aviation Services (GECAS), Energy Financial Services (EFS) and Industrial Finance (which includes Healthcare Equipment Finance, Working Capital Solutions and Industrial Financing Solutions)—that relate to the Company's core industrial domain and other operations, including our run-off insurance activities, and allocated corporate costs (together referred to as GE Capital Verticals or Verticals).

We expect GE Capital to release approximately $35 billion in dividends to GE (subject to regulatory approval) as a result of the sale of GE Capital assets. We received $4.3 billion in dividends from GE Capital in 2015 and $11 billion in the first half of 2016. In July 2016, we received an additional $4 billion of common dividends from GE Capital bringing our year-to-date total to $15 billion. As of June 30, 2016, we are ahead of our plan, having signed agreements with buyers for $181 billion of ending net investment (ENI), excluding liquidity (as originally reported at December 31, 2014), of which $158 billion has closed. In addition, as part of our initiative to reduce the size of our financial services businesses, we completed the split-off of our remaining interest in GE Capital's North American Retail Finance business, Synchrony Financial, to holders of GE common stock, which resulted in a $20.4 billion buyback of GE common stock (671.4 million shares) in 2015. In connection with the GE Capital Exit Plan, we completed a legal reorganization of GE Capital that included a merger of GE Capital into GE, a guarantee by GE of GE Capital debt, and an exchange of $36 billion of GE Capital debt for new notes guaranteed by GE. The result of all these actions reduced GE Capital's total assets by 56% from $501 billion at December 31, 2014 to $219 billion at June 30, 2016. As of June 30, 2016, we incurred charges of $23.2 billion. Due to anticipated tax benefits and gains, we do not expect total after-tax charges through the completion of the GE Capital Exit Plan to exceed our initial $23 billion estimate.

Given the progress of the GE Capital Exit Plan to date, we expect to largely complete that plan by the end of 2016. On March 31, 2016, GE filed its request to the Financial Stability Oversight Council (FSOC) for rescission of GE Capital's designation as a nonbank Systemically Important Financial Institution (SIFI). On June 28, 2016, we received approval of our request to the FSOC for rescission of GE Capital's designation as a nonbank SIFI.

SALES AGREEMENTS

During the six months ended June 30, 2016, GE signed agreements to sell approximately $25 billion of ENI, excluding liquidity (as originally reported at December 31, 2014), of which approximately $8 billion, $16 billion and less than $1 billion related to our Commercial Lending and Leasing (CLL), Consumer and Real Estate businesses, respectively.

Of the signed agreements, sales representing approximately $54 billion of ENI, excluding liquidity (as originally reported at December 31, 2014) have closed during the first half of 2016, including approximately $46 billion, $8 billion and less than $1 billion related to our CLL, Consumer and Real Estate businesses, respectively.

In July, we signed an additional $7.9 billion of ENI, excluding liquidity (as originally reported at December 31, 2014), which related to our CLL and Consumer businesses and closed $10.2 billion of ENI, excluding liquidity (as originally reported at December 31, 2014), which related to our CLL business.

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AFTER-TAX CHARGES RELATED TO THE GE CAPITAL EXIT PLAN

In the six months ended June 30, 2016, GE recorded $1.2 billion of after-tax charges related to the GE Capital Exit Plan of which $0.4 billion was recorded in continuing operations and $0.8 billion was recorded in discontinued operations. Of these after-tax charges, $0.6 billion were recorded in the second quarter of 2016, primarily exit-related charges in our CLL business. A description of these after-tax charges for the six months ended June 30, 2016 is provided below.

 $0.7 billion of net loss primarily related to the completed and planned dispositions of most of the CLL businesses, which was recorded in discontinued operations under the caption "Earnings (loss) from discontinued operations, net of taxes" in the Statement of Earnings.

 $0.3 billion of charges associated with the preferred equity exchange that was completed in January 2016, which was recorded in continuing operations and reported in GE Capital's corporate component under the caption "Preferred stock dividends" in the Statement of Earnings.

 $0.2 billion of restructuring and other charges, of which $0.1 billion was recorded in discontinued operations under the caption "Earnings (loss) from discontinued operations, net of taxes" in the Statement of Earnings and $0.1 billion was recorded in continuing operations and reported in GE Capital's corporate component under the captions "Selling, general and administrative expenses" and "Other costs and expenses" in the Statement of Earnings.

For additional information about the GE Capital Exit Plan 2015 sales agreements and after-tax charges, refer to our Form 8-K filed on June 3, 2016 related to the Annual Report on Form 10-K for the year ended December 31, 2015.

In addition to the above charges, during the six months ended June 30, 2016, we have incurred other costs related to our ongoing liability management actions, including $0.5 billion of pre-tax losses related to the repurchase of $10.2 billion of long-term unsecured debt and subordinated debentures which were recorded in continuing operations. These charges will result in lower future interest costs, more than offsetting the initial charges. We expect to continue these actions when economically beneficial.

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SEGMENT OPERATIONS

SUMMARY OF OPERATING SEGMENTS
	Three months ended June 30					Six months ended June 30
(In millions)		2016		2015	V%		2016		2015	V%
Revenues
Power	$	6,639	$	5,055	31 %	$	11,843	$	9,667	23 %
Renewable Energy		2,094		1,641	28 %		3,763		2,669	41 %
Oil & Gas		3,219		4,118	(22)%		6,533		8,157	(20)%
Energy Connections		2,734		1,768	55 %		4,994		3,453	45 %
Aviation		6,511		6,251	4 %		12,774		11,926	7 %
Healthcare		4,525		4,337	4 %		8,708		8,412	4 %
Transportation		1,240		1,420	(13)%		2,222		2,728	(19)%
Appliances & Lighting		1,667		2,236	(25)%		3,663		4,177	(12)%
Total industrial segment revenues		28,630		26,826	7 %		54,499		51,188	6 %
Capital		2,771		2,690	3 %		5,656		5,556	2 %
Total segment revenues		31,401		29,516	6 %		60,155		56,744	6 %
Corporate items and eliminations		2,093		(290)			1,184		(1,278)
Consolidated revenues	$	33,494	$	29,226	15 %	$	61,339	$	55,466	11 %
Segment profit (loss)
Power	$	1,140	$	1,046	9 %	$	1,714	$	1,803	(5)%
Renewable Energy		128		144	(11)%		211		201	5 %
Oil & Gas		320		613	(48)%		628		1,102	(43)%
Energy Connections		35		82	(57)%		(49)		110	U
Aviation		1,348		1,269	6 %		2,872		2,583	11 %
Healthcare		782		704	11 %		1,413		1,292	9 %
Transportation		273		331	(18)%		437		556	(21)%
Appliances & Lighting		96		165	(42)%		211		268	(21)%
Total industrial segment profit		4,122		4,355	(5)%		7,437		7,915	(6)%
Capital		(600)		(493)	(22)%		(1,492)		(6,215)	76 %
Total segment profit (loss)		3,523		3,862	(9)%		5,944		1,700	F
Corporate items and eliminations		974		(1,185)			(597)		(2,876)
GE interest and other financial charges		(567)		(414)			(1,007)		(803)
GE provision for income taxes		(648)		(583)			(849)		(890)
Earnings (loss) from continuing operations
attributable to GE common shareowners		3,281		1,679	95 %		3,492		(2,869)	F
Earnings (loss) from discontinued operations, net of tax		(541)		(2,947)	82 %		(849)		(11,883)	93 %
Less net earnings attributable to noncontrolling
interests, discontinued operations		3		92	(97)%		3		181	(98)%
Earnings (loss) from discontinued operations,
net of tax and noncontrolling interest		(544)		(3,039)	82 %		(852)		(12,064)	93 %
Consolidated net earnings (loss)
attributable to the GE common shareowners	$	2,738	$	(1,360)	F	$	2,639	$	(14,933)	F
		\					\

2016 2Q FORM 10-Q 14

REVENUES AND PROFIT

Segment revenues include revenues and other income related to the segment.

Segment profit is determined based on internal performance measures used by the Chief Executive Officer (CEO) to assess the performance of each business in a given period. In connection with that assessment, the CEO may exclude matters such as charges for restructuring; rationalization and other similar expenses; acquisition costs and other related charges; technology and product development costs; certain gains and losses from acquisitions or dispositions; and litigation settlements or other charges, for which responsibility preceded the current management team. For additional information about costs excluded from segment profit, see Corporate Items and Eliminations section within this MD&A.

Segment profit excludes results reported as discontinued operations and material accounting changes. Segment profit also excludes the portion of earnings or loss attributable to noncontrolling interests of consolidated subsidiaries, and as such only includes the portion of earnings or loss attributable to our share of the consolidated earnings or loss of consolidated subsidiaries.

Segment profit excludes or includes interest and other financial charges and income taxes according to how a particular segment's management is measured:

 Interest and other financial charges, income taxes and GE preferred stock dividends are excluded in determining segment profit (which we sometimes refer to as "operating profit") for the industrial segments.

 Interest and other financial charges, income taxes and GE Capital preferred stock dividends are included in determining segment profit (which we sometimes refer to as "net earnings") for the Capital segment.

Certain corporate costs, such as shared services, employee benefits and information technology are allocated to our segments based on usage. A portion of the remaining corporate costs is allocated based on each segment's relative net cost of operations.

With respect to the segment revenue and profit walks, the overall effect of foreign exchange is included within multiple captions.

 The translational foreign exchange impact is included within Foreign Exchange.

 The transactional impact of foreign exchange hedging is included in operating cost within Productivity and in other income within Other.

SEGMENT RESULTS – THREE AND SIX MONTHS ENDED JUNE 30

(Dollars in billions)

INDUSTRIAL SEGMENT EQUIPMENT & SERVICES REVENUES		INDUSTRIAL SEGMENT PROFIT
	Equipment(a) Services(b)
(a)   $13.5 billion, excluding $2.0 billion related to Alstom*, and $25.6 billion, excluding $3.7 billion related to Alstom* for the three and six months ended June 30, 2016, respectively (b)   $12.0 billion, excluding $1.2 billion related to Alstom*, and $23.0 billion, excluding $2.3 billion related to Alstom* for the three and six months ended June 30, 2016, respectively *Non-GAAP Financial Measure		(a)   $4.0 billion, excluding $0.1 billion related to Alstom* (b)   $7.3 billion, excluding $0.1 billion related to Alstom*

2016 2Q FORM 10-Q 15

2016 – 2015 COMMENTARY: THREE MONTHS ENDED JUNE 30

Industrial segment revenues increased $1.8 billion (7%), driven by increases at Power, Renewable Energy and Energy Connections, mainly as a result of the effects of acquisitions (primarily Alstom). This increase was partially offset by lower revenues at Oil & Gas and Appliances & Lighting (due to the sale of the Appliances business in the second quarter of 2016), as well as an unfavorable impact of foreign exchange.

Industrial segment profit decreased $0.2 billion (5%), mainly driven by lower earnings at Oil & Gas, partially offset by higher earnings at Power, Aviation and Healthcare.

Industrial segment margin decreased 180 bps primarily driven by the effects of Alstom results. Excluding Alstom, industrial segment margin was 15.6%, compared with 16.2% in the same period of 2015.

2016 – 2015 COMMENTARY: SIX MONTHS ENDED JUNE 30

Industrial segment revenues increased $3.3 billion (6%), driven by increases at Power, Renewable Energy and Energy Connections, mainly as a result of the effects of acquisitions (primarily Alstom). This increase was partially offset by lower revenues at Oil & Gas, as well as an unfavorable impact of foreign exchange.

Industrial segment profit decreased $0.5 billion (6%), mainly driven by lower earnings at Oil & Gas, Energy Connections and Transportation, partially offset by higher earnings at Aviation and Healthcare.

Industrial segment margin decreased 190 bps primarily driven by the effects of Alstom results. Excluding Alstom, industrial segment margin was 15.1%, compared with 15.5% in the same period of 2015.

SIGNIFICANT SEGMENT DEVELOPMENTS

ALSTOM ACQUISITION

On November 2, 2015, we completed the acquisition of Alstom's Thermal, Renewables and Grid businesses. The completion of the transaction followed the regulatory approval of the deal in over 20 countries and regions including the EU, U.S., China, India, Japan and Brazil. The cash purchase price was €9.2 billion (approximately $10.1 billion), net of cash acquired. The acquisition and alliances with Alstom affected our Power, Energy Connections and Renewable Energy segments, and to a lesser extent our Oil & Gas segment.

At year-end 2015, our preliminary allocation of purchase price resulted in recognition of approximately $13.5 billion of goodwill, $5.2 billion of intangible assets, and $1.1 billion of unfavorable customer contract liabilities. The preliminary fair value of the associated noncontrolling interest was approximately $3.6 billion. As of the end of the second quarter of 2016, the preliminary amount of goodwill, intangible assets and unfavorable customer contract liabilities recognized was adjusted to approximately $14.8 billion, $4.5 billion, and $1.2 billion, respectively. The adjustments reflected revisions in estimates primarily related to updated revenue and cost assumptions for customer contracts, and other fair value adjustments related to acquired assets and liabilities. Although we believe we have recorded a substantial majority of the purchase accounting adjustments, further adjustments are expected in the third quarter. We will complete our post-closing procedures and purchase price allocation no later than the fourth quarter of 2016. See Note 7 to the consolidated financial statements for further information.

For the six months ended June 30, 2016, Alstom contributed revenues of $6.0 billion and an operating loss of $0.4 billion, which included the effects of purchase accounting and acquisition related charges at Corporate of $0.5 billion. Including the effects of tax benefits of $0.4 billion, net earnings was an insignificant amount for the six months ended June 30, 2016. In addition, Alstom used cash flow from operating activities of $0.9 billion for the six months ended June 30, 2016. Alstom related revenues and operating profit are presented separately in the segment revenues and profit walks that follow.

SALE OF APPLIANCES

On January 15, 2016, we announced the signing of an agreement to sell our Appliances business to Qingdao Haier Co., Ltd. (Haier). On June 6, 2016, we completed the sale for proceeds of $5.6 billion and recognized an after-tax gain of $1.8 billion in the second quarter. Beginning in the third quarter, the Lighting business and Energy Connections will be presented as one reporting segment.

2016 2Q FORM 10-Q 16

POWER

OPERATIONAL OVERVIEW - THREE AND SIX MONTHS ENDED JUNE 30

 (Dollars in billions)

2016 YTD SUB-SEGMENT REVENUES		EQUIPMENT/SERVICES REVENUES
(a) Includes Water & Distributed Power and GE Hitachi Nuclear		Services              Equipment
ORDERS		BACKLOG
	Equipment Services		Equipment Services
(a) Included $2.9 billion related to Alstom (b) Included $4.3 billion related to Alstom		(a) Included $16.6 billion related to Alstom
UNIT SALES

2016 2Q FORM 10-Q 17

FINANCIAL OVERVIEW - THREE AND SIX MONTHS ENDED JUNE 30

 (Dollars in billions)

SEGMENT REVENUES (a) $5.2 billion, excluding $1.5 billion related to Alstom* (b) $9.0 billion, excluding $2.9 billion related to Alstom*						SEGMENT PROFIT (a) $1.1 billion, excluding $0.1 billion related to Alstom* (b) $1.6 billion, excluding $0.1 billion related to Alstom*		SEGMENT PROFIT MARGIN (a) 20.3%, excluding 6.1% related to Alstom* (b) 17.8%, excluding 4.0% related to Alstom*
			Equipment Services
SEGMENT REVENUES & PROFIT WALK:							COMMENTARY: 2016 - 2015
THREE MONTHS							Segment revenues up $1.6 billion (31%); Segment profit up $0.1 billion (9%) as a result of: The increase in revenues was primarily driven by the effects of Alstom and increased services volume at Power Services, partially offset by lower Gas Power Systems volume. The increase in volume was partially offset by lower other income, including negative foreign exchange transactional hedge impacts. The increase in profit was primarily driven by the effects of Alstom, partially offset by other income, including negative foreign exchange transactional hedge impacts.
	Revenues			Profit
June 30, 2015	$	5.1		$	1.0
Volume		0.2			-
Price		-			-
Foreign Exchange		-			-
(Inflation)/Deflation		N/A			-
Mix		N/A			-
Productivity		N/A			-
Other		(0.1)			(0.1)
Alstom		1.5			0.1
June 30, 2016	$	6.6		$	1.1
SIX MONTHS							Segment revenues up $2.2 billion (23%); Segment profit down $0.1 billion (5%) as a result of: The increase in revenues was primarily driven by the effects of Alstom and increased services volume at Power Services, partially offset by lower equipment volume at Gas Power Services as a result of 24 fewer gas turbine shipments than in the prior year. The increase was partially offset by lower other income, including negative foreign exchange transactional hedge impacts, as well as the effects of a stronger U.S. dollar. The decrease in profit was primarily driven by lower cost productivity, lower volume and lower other income, including negative foreign exchange transactional hedge impacts. These decreases were partially offset by a favorable business mix and the effects of Alstom.
	Revenues			Profit
June 30, 2015	$	9.7		$	1.8
Volume		(0.5)			(0.1)
Price		-			-
Foreign Exchange		(0.1)			-
(Inflation)/Deflation		N/A			-
Mix		N/A			0.2
Productivity		N/A			(0.2)
Other		(0.1)			(0.2)
Alstom		2.9			0.1
June 30, 2016	$	11.8		$	1.7

*Non-GAAP Financial Measure

2016 2Q FORM 10-Q 18

RENEWABLE ENERGY

OPERATIONAL OVERVIEW - THREE AND SIX MONTHS ENDED JUNE 30

 (Dollars in billions)

2016 YTD SUB-SEGMENT REVENUES		EQUIPMENT/SERVICES REVENUES
(a) Offshore Wind revenues were insignificant		Services          Equipment
ORDERS		BACKLOG
	Equipment Services		Equipment Services
(a) Included $0.2 billion related to Alstom (b) Included $0.4 billion related to Alstom		(a) Included $5.1 billion related to Alstom
UNIT SALES

2016 2Q FORM 10-Q 19

FINANCIAL OVERVIEW - THREE AND SIX MONTHS ENDED JUNE 30

 (Dollars in billions)

SEGMENT REVENUES					SEGMENT PROFIT		SEGMENT PROFIT MARGIN
(a) $1.9 billion, excluding $0.2 billion related to Alstom* (b) $3.2 billion, excluding $0.5 billion related to Alstom*			Equipment Services		(a) $0.1 billion, excluding an insignificant amount related to Alstom* (b) $0.2 billion, excluding an insignificant amount related to Alstom*		(a) 6.8%, excluding 0.5% related to Alstom* (b) 6.7%, excluding (1.4)% related to Alstom*
SEGMENT REVENUES & PROFIT WALK:						COMMENTARY: 2016 - 2015
THREE MONTHS						Segment revenues up $0.5 billion (28%); Segment profit down 11% as a result of: The increase in revenues was primarily due to the effects of Alstom and higher volume, mainly driven by higher equipment sales in Onshore Wind as a result of shipping 50 more onshore wind turbines than in the prior year. The decrease in profit was mainly due to increased launch costs related to the 2 and 3 MW onshore units, partially offset by higher volume.
	Revenues			Profit
June 30, 2015	$	1.6		$	0.1
Volume		0.3			-
Price		-			-
Foreign Exchange		-			-
(Inflation)/Deflation		N/A			-
Mix		N/A			-
Productivity		N/A			-
Other		-			-
Alstom		0.2			-
June 30, 2016	$	2.1		$	0.1
SIX MONTHS						Segment revenues up $1.1 billion (41%); Segment profit up 5% as a result of: The increase in revenues was primarily due to higher volume, mainly driven by the increase in onshore wind turbine shipments, as a result of shipping 246 more units than in the prior year, and the effects of Alstom. The increase was partially offset by the effects of a stronger U.S. dollar and lower other income, including negative foreign exchange transactional hedge impacts. The increase in profit was primarily due to higher volume and cost productivity, partially offset by lower other income, including negative foreign exchange transactional hedge impacts.
	Revenues			Profit
June 30, 2015	$	2.7		$	0.2
Volume		0.8			0.1
Price		-			-
Foreign Exchange		(0.1)			-
(Inflation)/Deflation		N/A			-
Mix		N/A			-
Productivity		N/A			0.1
Other		(0.1)			(0.1)
Alstom		0.5			-
June 30, 2016	$	3.8		$	0.2

*Non-GAAP Financial Measure

2016 2Q FORM 10-Q 20

OIL & GAS

OPERATIONAL OVERVIEW - THREE AND SIX MONTHS ENDED JUNE 30

 (Dollars in billions)

2016 YTD SUB-SEGMENT REVENUES		EQUIPMENT/SERVICES REVENUES
(a) Previously referred to as Measurement & Controls (M&C)		Services           Equipment
ORDERS		BACKLOG
	Equipment Services		Equipment Services
(a) Included an insignificant amount related to Alstom (b) Included $0.1 billion related to Alstom		(a) Included $0.1 billion related to Alstom

2016 2Q FORM 10-Q 21

FINANCIAL OVERVIEW - THREE AND SIX MONTHS ENDED JUNE 30

 (Dollars in billions)

SEGMENT REVENUES		SEGMENT PROFIT	SEGMENT PROFIT MARGIN
(a) $3.2 billion, excluding an insignificant amount related to Alstom* (b) $6.5 billion, excluding $0.1 billion related to Alstom*	Equipment Services	(a) $0.3 billion, excluding an insignificant amount related to Alstom* (b) $0.6 billion, excluding an insignificant amount related to Alstom*	(a) 10.0%, excluding 7.3% related to Alstom* (b) 9.7%, excluding 4.8% related to Alstom*

SEGMENT REVENUES & PROFIT WALK:					COMMENTARY: 2016 - 2015
THREE MONTHS					Segment revenues down $0.9 billion (22%); Segment profit down $0.3 billion (48%) as a result of: The decrease in revenues was primarily market driven, mainly due a decrease in equipment volume across all sub-segments and lower prices at TMS and SS&D, as well as lower other income, including negative foreign exchange transactional hedge impacts. The decrease in profit was primarily market driven, mainly due to lower equipment volume and prices, which, despite the effects of restructuring actions, drove lower cost productivity, and lower other income, including negative foreign exchange transactional hedge impacts. These decreases were partially offset by material deflation.
	Revenues		Profit
June 30, 2015	$	4.1	$	0.6
Volume		(0.7)		(0.1)
Price		(0.1)		(0.1)
Foreign Exchange		-		-
(Inflation)/Deflation		N/A		0.1
Mix		N/A		-
Productivity		N/A		(0.1)
Other		(0.1)		(0.1)
Alstom		-		-
June 30, 2016	$	3.2	$	0.3
SIX MONTHS					Segment revenues down $1.6 billion (20%); Segment profit down $0.5 billion (43%) as a result of: The decrease in revenues was primarily due to lower equipment volume across all sub-segments, the effects of a stronger U.S. dollar and lower prices. The decrease in profit was primarily market driven, mainly due to lower equipment volume and prices, which, despite the effects of restructuring actions, drove lower cost productivity. These decreases were partially offset by material deflation and higher other income.
	Revenues		Profit
June 30, 2015	$	8.2	$	1.1
Volume		(1.4)		(0.2)
Price		(0.1)		(0.1)
Foreign Exchange		(0.2)		-
(Inflation)/Deflation		N/A		0.1
Mix		N/A		-
Productivity		N/A		(0.3)
Other		-		0.1
Alstom		0.1		-
June 30, 2016	$	6.5	$	0.6

*Non-GAAP Financial Measure

2016 2Q FORM 10-Q 22

ENERGY CONNECTIONS

OPERATIONAL OVERVIEW - THREE AND SIX MONTHS ENDED JUNE 30

 (Dollars in billions)

2016 YTD SUB-SEGMENT REVENUES		EQUIPMENT/SERVICES REVENUES
		Services  Equipment
ORDERS		BACKLOG
	Equipment Services		Equipment Services
(a) Included $1.4 billion related to Alstom (b) Included $2.6 billion related to Alstom		(a) Included $8.4 billion related to Alstom

2016 2Q FORM 10-Q 23

FINANCIAL OVERVIEW - THREE AND SIX MONTHS ENDED JUNE 30

(Dollars in billions)

SEGMENT REVENUES		SEGMENT PROFIT (LOSS)	SEGMENT PROFIT MARGIN
(a) $1.3 billion, excluding $1.4 billion related to Alstom* (b) $2.5 billion, excluding $2.5 billion related to Alstom*	Equipment Services	(a) Includes an insignificant amount related to Alstom* (b) $(0.1) billion, excluding an insignificant amount related to Alstom*	(a) (0.7)%, excluding 3.1% related to Alstom* (b) (2.3)%, excluding 0.3% related to Alstom*

SEGMENT REVENUES & PROFIT WALK:					COMMENTARY: 2016 - 2015
THREE MONTHS					Segment revenues up $1.0 billion (55%); Segment profit down 57% as a result of: The increase in revenues was driven by the effects of Alstom, including higher equipment sales at Grid, partially offset by a decrease in core volume driven by Industrial Solutions and Power Conversion. The decrease in profit was due to lower cost productivity, lower core volume and an unfavorable business mix.
	Revenues		Profit
June 30, 2015	$	1.8	$	0.1
Volume		(0.4)		-
Price		-		-
Foreign Exchange		-		-
(Inflation)/Deflation		N/A		-
Mix		N/A		-
Productivity		N/A		(0.1)
Other		-		-
Alstom		1.4		-
June 30, 2016	$	2.7	$	-
SIX MONTHS					Segment revenues up $1.5 billion (45%); Segment profit down $0.2 billion as a result of: The increase in revenues was driven by the effects of Alstom, including higher equipment sales at Grid, partially offset by a decrease in core volume driven by Industrial Solutions and Power Conversion. The increase was partially offset by the effects of a stronger U.S. dollar and lower other income, including negative foreign exchange hedge impacts. The decrease in profit was due to lower cost productivity, driven by lower core volume, as well as lower other income, including negative foreign exchange transactional hedge impacts.
	Revenues		Profit
June 30, 2015	$	3.5	$	0.1
Volume		(0.9)		-
Price		-		-
Foreign Exchange		(0.1)		-
(Inflation)/Deflation		N/A		-
Mix		N/A		-
Productivity		N/A		(0.1)
Other		-		-
Alstom		2.5		-
June 30, 2016	$	5.0	$	-

*Non-GAAP Financial Measure

2016 2Q FORM 10-Q 24

AVIATION

OPERATIONAL OVERVIEW - THREE AND SIX MONTHS ENDED JUNE 30

(Dollars in billions; except where noted)

2016 YTD SUB-SEGMENT REVENUES		EQUIPMENT/SERVICES REVENUES
		Services  Equipment
ORDERS		BACKLOG
	Equipment Services		Equipment Services
UNIT SALES
(a)GEnx and LEAP engines are a subset of commercial engines (b)Commercial spares shipment rate in millions of dollars per day

2016 2Q FORM 10-Q 25

FINANCIAL OVERVIEW - THREE AND SIX MONTHS ENDED JUNE 30

 (Dollars in billions)

SEGMENT REVENUES		SEGMENT PROFIT	SEGMENT PROFIT MARGIN
	Equipment Services

SEGMENT REVENUES & PROFIT WALK:					COMMENTARY: 2016 - 2015
THREE MONTHS					Segment revenues up $0.3 billion (4%); Segment profit up $0.1 billion (6%) as a result of: The increase in revenues was primarily due to higher services volume and military spares volume, partially offset by lower equipment volume driven by lower GEnx shipments and Military volume. The increase in volume was partially offset by lower other income due to non-repeat of other income items in the prior year. The increase in profit was primarily due to higher services volume and higher cost productivity, partially offset by lower other income.
	Revenues		Profit
June 30, 2015	$	6.3	$	1.3
Volume		0.3		0.1
Price		-		-
Foreign Exchange		-		-
(Inflation)/Deflation		N/A		-
Mix		N/A		-
Productivity		N/A		0.1
Other		(0.1)		(0.1)
June 30, 2016	$	6.5	$	1.3
SIX MONTHS					Segment revenues up $0.8 billion (7%); Segment profit up $0.3 billion (11%) as a result of: The increase in revenues was primarily driven by higher services volume and prices, partially offset by decreased volume in Commercial Engines and Military. The increase in profit was primarily driven by higher services volume and prices, higher cost productivity and a favorable business mix, partially offset by lower other income.
	Revenues		Profit
June 30, 2015	$	11.9	$	2.6
Volume		0.8		0.2
Price		0.1		0.1
Foreign Exchange		-		-
(Inflation)/Deflation		N/A		-
Mix		N/A		0.1
Productivity		N/A		0.2
Other		-		(0.1)
June 30, 2016	$	12.8	$	2.9

2016 2Q FORM 10-Q 26

HEALTHCARE

OPERATIONAL OVERVIEW - THREE AND SIX MONTHS ENDED JUNE 30

(Dollars in billions)

2016 YTD SUB-SEGMENT REVENUES		EQUIPMENT/SERVICES REVENUES
		Services         Equipment
ORDERS		BACKLOG
	Equipment Services		Equipment Services

2016 2Q FORM 10-Q 27

FINANCIAL OVERVIEW - THREE AND SIX MONTHS ENDED JUNE 30

 (Dollars in billions)

SEGMENT REVENUES		SEGMENT PROFIT	SEGMENT PROFIT MARGIN
	Equipment Services

SEGMENT REVENUES & PROFIT WALK:					COMMENTARY: 2016 - 2015
THREE MONTHS					Segment revenues up $0.2 billion (4%); Segment profit up $0.1 billion (11%) as a result of: The increase in revenues was primarily due to higher volume driven by Life Sciences and Healthcare Systems, partially offset by lower prices at Healthcare Systems. The increase in profit was primarily driven by higher cost productivity, including the effects of previous restructuring actions and volume growth, partially offset by lower prices at Healthcare Systems.
	Revenues		Profit
June 30, 2015	$	4.3	$	0.7
Volume		0.3		-
Price		(0.1)		(0.1)
Foreign Exchange		-		-
(Inflation)/Deflation		N/A		-
Mix		N/A		-
Productivity		N/A		0.1
Other		-		-
June 30, 2016	$	4.5	$	0.8
SIX MONTHS					Segment revenues up $0.3 billion (4%); Segment profit up $0.1 billion (9%) as a result of: The increase in revenues was primarily due to higher volume driven by Life Sciences and Healthcare Systems, partially offset by the effects of a stronger U.S. dollar and lower prices at Healthcare Systems. The increase in profit was primarily driven by higher cost productivity, including the effects of previous restructuring actions and volume growth, partially offset by lower prices at Healthcare Systems.
	Revenues		Profit
June 30, 2015	$	8.4	$	1.3
Volume		0.6		0.1
Price		(0.1)		(0.1)
Foreign Exchange		(0.2)		-
(Inflation)/Deflation		N/A		-
Mix		N/A		-
Productivity		N/A		0.2
Other		-		-
June 30, 2016	$	8.7	$	1.4

2016 2Q FORM 10-Q 28

TRANSPORTATION

OPERATIONAL OVERVIEW - THREE AND SIX MONTHS ENDED JUNE 30

 (Dollars in billions)

2016 YTD SUB-SEGMENT REVENUES		EQUIPMENT/SERVICES REVENUES
(a) Includes Marine, Stationary, Drilling and Digital		Services                 Equipment
ORDERS		BACKLOG
	Equipment Services		Equipment Services
UNIT SALES

2016 2Q FORM 10-Q 29

FINANCIAL OVERVIEW - THREE AND SIX MONTHS ENDED JUNE 30

 (Dollars in billions)

SEGMENT REVENUES		SEGMENT PROFIT	SEGMENT PROFIT MARGIN
	Equipment Services

SEGMENT REVENUES & PROFIT WALK:					COMMENTARY: 2016 - 2015
THREE MONTHS					Segment revenues down $0.2 billion (13%); Segment profit down $0.1 billion (18%) as a result of: The decrease in revenues was primarily due to lower services volume driven by the impact of higher parked locomotives, partially offset by 31 more locomotive shipments than in the prior year. The decrease in revenues was also impacted by the Signaling business disposition in November 2015. The decrease in profit was driven by an unfavorable business mix due to higher locomotive shipments and lower drill and services volume, partially offset by higher cost productivity, including the effects of previous restructuring actions, and material deflation.
	Revenues		Profit
June 30, 2015	$	1.4	$	0.3
Volume		(0.2)		-
Price		-		-
Foreign Exchange		-		-
(Inflation)/Deflation		N/A		-
Mix		N/A		(0.1)
Productivity		N/A		-
Other		-		-
June 30, 2016	$	1.2	$	0.3
SIX MONTHS					Segment revenues down $0.5 billion (19%); Segment profit down $0.1 billion (21%) as a result of: The decrease in revenues was primarily driven by lower equipment volume, driven by 28 fewer locomotive shipments than in prior year, as well as lower services volume due to higher parked locomotives. The decrease in revenues was also impacted by the Signaling business disposition in November 2015. The decrease in profit was primarily driven by lower equipment volume and an unfavorable business mix, partially offset by material deflation and the effects of previous restructuring actions.
	Revenues		Profit
June 30, 2015	$	2.7	$	0.6
Volume		(0.5)		(0.1)
Price		-		-
Foreign Exchange		-		-
(Inflation)/Deflation		N/A		-
Mix		N/A		-
Productivity		N/A		-
Other		-		-
June 30, 2016	$	2.2	$	0.4

2016 2Q FORM 10-Q 30

APPLIANCES & LIGHTING

OPERATIONAL OVERVIEW - THREE AND SIX MONTHS ENDED JUNE 30

 (Dollar in billions)

2016 YTD SUB-SEGMENT REVENUES

(a) The sale of Appliances was completed on June 6, 2016

(b) Includes Current, powered by GE

FINANCIAL OVERVIEW - THREE AND SIX MONTHS ENDED JUNE 30

 (Dollar in billions)

SEGMENT REVENUES		SEGMENT PROFIT	SEGMENT PROFIT MARGIN
	Equipment Services

2016 2Q FORM 10-Q 31

SEGMENT REVENUES & PROFIT WALK:					COMMENTARY: 2016 - 2015
THREE MONTHS					Segment revenues down $0.6 billion (25%); Segment profit down $0.1 billion (42%) as a result of: The decrease in revenues was due to lower volume driven by the Appliances disposition in June 2016, as well as lower Lighting revenues, as lower traditional lighting sales were partially offset by an increase in LED revenues, and lower prices. The decrease in profit was due to lower prices and the effect of the Appliances disposition, partially offset by material deflation.
	Revenues		Profit
June 30, 2015	$	2.2	$	0.2
Volume		(0.5)		-
Price		(0.1)		(0.1)
Foreign Exchange		-		-
(Inflation)/Deflation		N/A		-
Mix		N/A		-
Productivity		N/A		-
Other		-		-
June 30, 2016	$	1.7	$	0.1
SIX MONTHS					Segment revenues down $0.5 billion (12%); Segment profit down $0.1 billion (21%) as a result of: The decrease in revenues was due to lower volume driven by the Appliances disposition in June 2016, as well as lower Lighting revenues, as lower traditional lighting sales were partially offset by an increase in LED revenues, and lower prices. The decrease in profit was due to lower prices, lower volume and the effects of the Appliances disposition, partially offset by material deflation.
	Revenues		Profit
June 30, 2015	$	4.2	$	0.3
Volume		(0.4)		-
Price		(0.1)		(0.1)
Foreign Exchange		-		-
(Inflation)/Deflation		N/A		0.1
Mix		N/A		-
Productivity		N/A		-
Other		-		-
June 30, 2016	$	3.7	$	0.2

2016 2Q FORM 10-Q 32

CAPITAL

OPERATIONAL OVERVIEW - THREE AND SIX MONTHS ENDED JUNE 30

 (Dollars in billions)

2016 YTD SUB-SEGMENT REVENUES	ENDING NET INVESTMENT, EXCLUDING LIQUIDITY*
	(a) As originally reported; $309 billion including discontinued operations (b) $116 billion including discontinued operations
SIGNIFICANT TRENDS & DEVELOPMENTS

 The GE Capital Exit Plan - On April 10, 2015, the Company announced its plan to reduce the size of the financial services businesses through the sale of most of its assets over the following 24 months. Further information on the GE Capital Exit Plan is provided in the Consolidated Results section of the MD&A.

As the GE Capital Exit Plan progresses, we will continue to incur interest on non-Verticals borrowings, restructuring costs and GE and GE Capital headquarters costs that are in excess of those allocated to the Verticals. These costs are recorded within other continuing operations within Capital.

 Milestone Aviation Group – On January 30, 2015, we acquired Milestone Aviation Group, a helicopter leasing business, for approximately $1.8 billion.

 Dividends – GE Capital paid common dividends of $3.5 billion and $11.0 billion to GE in the three and six months ended June 30, 2016, respectively. In July 2016, GE Capital paid an additional $4.0 billion of common dividends to GE bringing the year-to-date total to $15.0 billion.

* Non-GAAP Financial Measure

2016 2Q FORM 10-Q 33

FINANCIAL OVERVIEW - THREE AND SIX MONTHS ENDED JUNE 30

 (Dollars in billions)

SEGMENT REVENUES		SEGMENT PROFIT (LOSS)(a)
	Total Capital Verticals Other Continuing		Verticals Other Continuing Total Capital
		(a) Interest and other financial charges and income taxes are included in determining segment profit (loss) for the Capital segment.

COMMENTARY: 2016 - 2015

THREE MONTHS

Capital revenues increased $0.1 billion as a result of lower impairments, partially offset by lower gains.

 Within Capital, Verticals revenues decreased by $0.2 billion as a result of organic revenue declines ($0.1 billion), lower gains ($0.1 billion) and higher impairments.

 Other Capital revenues increased $0.3 billion as a result of lower impairments ($0.2 billion) and organic revenue growth ($0.1 billion).

Capital net loss increased by $0.1 billion primarily due to core decreases, reflecting excess interest expense and higher insurance reserve provisions, partially offset by tax adjustments in the three months ended June 30, 2016, to bring Capital's six-month tax rate in line with the projected full-year tax rate.

 Within Capital, Verticals net earnings decreased by $0.1 billion due to higher insurance reserve provisions ($0.1 billion) and lower gains, partially offset by core increases.

 Other Capital net loss decreased by less than $0.1 billion primarily as a result of:

 Higher treasury operation expenses of $0.4 billion reflecting excess interest expense, costs associated with the May 2016 debt tender and derivative activities that reduce or eliminate interest rate, currency or market risk between financial assets and liabilities. We expect to continue to have excess interest costs in 2016 as asset sales outpace our debt maturities. We may engage in liability management actions, such as buying back debt, based on market and economic conditions.

 Higher restructuring expenses of $0.1 billion.

 Tax adjustments of $0.3 billion in the three months ended June 30, 2016, to bring Capital's six-month tax rate in line with the projected full year tax rate.

 Lower tax expenses of $0.1 billion primarily related to the absence of the second quarter 2015 expected repatriation of foreign earnings related to the GE Capital Exit Plan.

2016 2Q FORM 10-Q 34

SIX MONTHS

Capital revenues increased $0.1 billion primarily due to lower impairments, organic revenue growth and the effects of acquisitions, partially offset by lower gains and the effects of currency exchange.

 Within Capital, Verticals revenues decreased by $0.1 billion as a result of organic revenue declines ($0.3 billion) and higher impairments ($0.1 billion), partially offset by higher gains ($0.2 billion) and the effects of acquisitions.

 Other Capital revenues increased $0.2 billion as a result of organic revenue growth ($0.3 billion) and lower impairments ($0.2 billion), partially offset by lower gains ($0.3 billion).

Capital net loss decreased by $4.7 billion primarily due to the absence of the 2015 charges associated with the GE Capital Exit Plan.

 Within Capital, Verticals net earnings increased by $0.1 billion as a result of higher gains ($0.2 billion), partially offset by higher impairments ($0.1 billion).

 Other Capital net loss decreased by $4.7 billion primarily as a result of:

 Lower tax expenses of $6.1 billion primarily related to the absence of the 2015 expected repatriation of foreign earnings and write-off of deferred tax assets related to the GE Capital Exit Plan.

 Tax adjustments of $0.4 billion in the six months ended June 30, 2016, to bring Capital's six-month tax rate in line with the projected full year tax rate.

 Higher treasury operation expenses of $1.2 billion reflecting excess interest expense, costs associated with the February and May 2016 debt tenders and derivative activities that reduce or eliminate interest rate, currency or market risk between financial assets and liabilities. We expect to continue to have excess interest costs in 2016 as asset sales outpace our debt maturities. We may engage in liability management actions, such as buying back debt, based on market and economic conditions.

 Charges of $0.3 billion associated with the preferred equity exchange that was completed in January 2016. Higher restructuring expenses of $0.2 billion.

2016 2Q FORM 10-Q 35

CORPORATE ITEMS AND ELIMINATIONS
REVENUES AND OPERATING PROFIT (COST)
		Three months ended June 30				Six months ended June 30
(In millions)			2016		2015		2016		2015
Revenues
	Gains (losses) on disposals	$	3,129	$	49	$	3,188	$	49
	NBCU settlement		-		450		-		450
	Eliminations and other		(1,036)		(789)		(2,004)		(1,777)
Total Corporate Items and Eliminations		$	2,093	$	(290)	$	1,184	$	(1,278)
Operating profit (cost)
	Gains (losses) on disposals	$	3,129	$	49	$	3,188	$	49
	NBCU settlement		-		450		-		450
	Principal retirement plans(a)		(479)		(673)		(947)	$	(1,461)
	Restructuring and other charges		(1,188)		(399)		(1,874)		(821)
	Eliminations and other		(487)		(613)		(964)		(1,093)
Total Corporate Items and Eliminations		$	974	$	(1,185)	$	(597)	$	(2,876)
CORPORATE COSTS
		Three months ended June 30				Six months ended June 30
(In millions)			2016		2015		2016		2015
Total Corporate Items and Eliminations		$	974	$	(1,185)	$	(597)	$	(2,876)
Less non-operating pension cost			(511)		(689)		(1,023)		(1,384)
Total Corporate costs (operating)*		$	1,485	$	(496)	$	426	$	(1,492)
Less restructuring and other charges, gains and settlement			1,941		100		1,313		(322)
Adjusted total corporate costs (operating)*		$	(456)	$	(596)	$	(887)	$	(1,170)

(a) Included non-operating pension cost* of $0.5 billion and $0.7 billion in the three months ended June 30, 2016 and 2015, respectively, and $1.0 billion and $1.4 billion in the six months ended June 30, 2016 and 2015, respectively, which includes expected return on plan assets, interest costs and non-cash amortization of actuarial gains and losses.

2016 – 2015 COMMENTARY: THREE MONTHS ENDED JUNE 30

Revenues and other income increased $2.4 billion, primarily as a result of:

 $3.1 billion of higher gains from the sale of our Appliances business to Haier.

This increase to revenues and other income was partially offset by the following:

 $0.5 billion lower other income from a settlement related to the NBCU transaction in the second quarter of 2015, and

 $0.2 billion of higher inter-segment eliminations.

Operating costs decreased $2.2 billion, primarily as a result of:

 $3.1 billion of higher gains from the sale of our Appliances business to Haier,

 $0.2 billion of lower costs associated with our principal retirement plans including the effects of higher discount rates, and

 $0.1 billion of lower costs under our long-term incentive plan.

These decreases to operating costs were partially offset by the following:

 $0.8 billion higher restructuring and other charges, which included $0.3 billion of restructuring charges associated with the Alstom acquisition, and

 $0.5 billion lower other income from a settlement related to the NBCU transaction in the second quarter of 2015.

*Non-GAAP Financial Measure

2016 2Q FORM 10-Q 36

2016 – 2015 COMMENTARY: SIX MONTHS ENDED JUNE 30

Revenues and other income increased $2.5 billion, primarily a result of:

 $3.1 billion of higher gains from the sale of our Appliances business to Haier.

This increase to revenues and other income was partially offset by the following:

 $0.5 billion lower other income from a settlement related to the NBCU transaction in the second quarter of 2015, and

 $0.2 billion of higher inter-segment eliminations.

Operating costs decreased $2.3 billion, primarily as a result of:

 $3.1 billion of higher gains from the sale of our Appliances business to Haier,

 $0.5 billion of lower costs associated with our principal retirement plans including the effects of higher discount rates, and

 $0.1 billion of lower costs under our long-term incentive plan.

These decreases to operating costs were partially offset by the following:

 $1.0 billion higher restructuring and other charges, which included $0.5 billion of restructuring charges associated with the Alstom acquisition, and

 $0.5 billion lower other income from a settlement related to the NBCU transaction in the second quarter of 2015.

COSTS NOT INCLUDED IN SEGMENT RESULTS

Certain amounts are not included in industrial operating segment results because they are excluded from measurement of their operating performance for internal and external purposes. These amounts are included in GE Corporate Items & Eliminations and may include matters such as charges for restructuring; rationalization and other similar expenses; acquisition costs and related charges; technology and product development cost; certain gains and losses from acquisitions or dispositions; and litigation settlements or other charges, for which responsibility preceded the current management team. The amount of costs not included in segment results follows.

COSTS
	Three months ended June 30					Six months ended June 30
(In billions)		2016			2015		2016			2015
Power	$	0.3	(a)	$	-	$	0.5	(a)	$	0.1
Renewable Energy		0.1			-		0.2			0.1
Oil & Gas		0.4	(b)		0.2		0.5	(b)		0.3
Energy Connections		0.1			-		0.1			0.1
Aviation		-			-		0.1			-
Healthcare		0.1	(c)		0.1		0.3	(c)		0.1
Transportation		0.1			-		0.2			-
Appliances & Lighting		-			-		0.1			-
Total	$	1.2		$	0.4	$	1.9		$	0.7

(a) For the three and six months ended June 30, 2016, Power's results excluded $0.3 billion and $0.5 billion of costs, primarily related to restructuring charges associated with the Alstom acquisition.

(b) For the three and six months ended June 30, 2016, Oil & Gas's results excluded $0.4 billion and $0.5 billion of costs, primarily related to ongoing restructuring activities.

(c) For the three and six months ended June 30, 2016, Healthcare's results excluded $0.1 billion and $0.3 billion of costs, primarily related to restructuring charges.

2016 2Q FORM 10-Q 37

DISCONTINUED OPERATIONS

Discontinued operations primarily relate to our financial services businesses as a result of the GE Capital Exit Plan and include our Consumer business, most of our CLL business, our Real Estate business and U.S. mortgage business (WMC). All of these operations were previously reported in the Capital segment.

We have entered into Transitional Service Agreements (TSA) with and provided certain indemnifications to buyers of GE Capital's assets. Under the TSAs, GE Capital provides various services for terms generally between 12 and 24 months and receives a level of cost reimbursement from the buyers.

At June 30, 2016, indemnifications amounted to $1.5 billion, for which we have recognized related liabilities of $0.2 billion. In addition, we provided $0.1 billion of credit support, the vast majority on behalf of certain commercial customers aligned with signed disposal transactions scheduled to close in 2016, and recognized an insignificant liability at June 30, 2016.

As part of the GE Capital Exit Plan, we entered into hedges (on an after-tax basis) of our net investment in businesses that we plan to dispose. These derivatives are treated as standalone hedges and the mark-to-market valuation changes on the derivatives are recorded in earnings of discontinued operations.

Results of operations, financial position and cash flows for these businesses are separately reported as discontinued operations for all periods presented.

FINANCIAL INFORMATION FOR DISCONTINUED OPERATIONS
	Three months ended June 30				Six months ended June 30
(In millions)	2016		2015		2016		2015
Earnings (loss) from discontinued operations, net of taxes	$	(541)	$	(2,947)	$	(849)	$	(11,883)

2016 – 2015 COMMENTARY: THREE MONTHS ENDED JUNE 30

The second quarter 2016 loss from discontinued operations, net of taxes, primarily reflected the following:

 $0.6 billion after-tax loss at our CLL business (including $0.5 billion after-tax loss on planned disposals).

The second quarter 2015 loss from discontinued operations, net of taxes, primarily reflected the following:

 $3.7 billion after-tax loss at our CLL business (including $4.3 billion after-tax loss on planned disposals), and

 Second quarter 2015 losses were partially offset by $0.8 billion after-tax earnings at our Consumer business.

2016 – 2015 COMMENTARY: SIX MONTHS ENDED JUNE 30

The 2016 loss from discontinued operations, net of taxes, primarily reflected the following:

 $0.8 billion after-tax loss at our CLL business (including $0.8 billion after-tax loss on planned disposals).

The 2015 loss from discontinued operations, net of taxes, primarily reflected the following:

 $7.7 billion after-tax loss at our CLL business (including $7.2 billion after-tax loss on planned disposals),

 $2.3 billion after-tax loss at our Real Estate business (including $2.4 billion after-tax loss on planned disposals), and

 $1.9 billion after-tax loss at our Consumer business.

For additional information related to discontinued operations, see Note 2 to the consolidated financial statements.

2016 2Q FORM 10-Q 38

OTHER CONSOLIDATED INFORMATION

INCOME TAXES

GE pays the income taxes it owes in every country it does business. While GE and GE Capital file a consolidated U.S. federal income tax return, many factors impact our income tax expense and cash tax payments. The most significant factor is that we conduct business in approximately 180 countries and more than half of our revenue is earned outside the U.S., often in countries with lower tax rates than in the U.S. We reinvest most of our foreign earnings overseas to be able to fund our active non-U.S. business operations. Our tax liability is also affected by U.S. and foreign tax incentives designed to encourage certain investments, such as research and development, and is also affected by acquisitions, dispositions and tax law changes. Finally, our tax returns are routinely audited, and settlements of issues raised in these audits sometimes affect our tax rates.

GE and GE Capital file a consolidated U.S. federal income tax return. This enables GE and GE Capital to use tax deductions and credits of one member of the group to reduce the tax that otherwise would have been payable by another member of the group. The GE Capital effective tax rate reflects the benefit of these tax reductions in the consolidated return. GE makes cash payments to GE Capital for tax reductions and GE Capital pays for tax increases at the time GE's tax payments are due.

CONSOLIDATED – THREE AND SIX MONTHS ENDED JUNE 30

(Dollars in billions)

PROVISION FOR INCOME TAXES

2016 – 2015 COMMENTARY: THREE MONTHS ENDED JUNE 30

 The consolidated income tax rate was 30.6% in the second quarter of 2015 compared to 12.5% in the second quarter of 2016.

 The consolidated income tax provision decreased due to a larger adjustment to reduce the tax rate to the projected full-year tax rate, partially offset by the impact of higher pre-tax income.

 The consolidated tax provision includes $0.6 billion for GE (excluding GE Capital) for the second quarters of both 2015 and 2016.

2016 – 2015 COMMENTARY: SIX MONTHS ENDED JUNE 30

 The consolidated income tax rate was 167.6% in the first six months of 2015 compared to 8.4% in the first six months of 2016. The tax rate for the first six months of 2015 was in excess of 100% due to tax expense of $6.2 billion in the first six months of 2015 for the expected repatriation of foreign earnings and write-off of deferred tax assets incurred in connection with the GE Capital Exit Plan.

 The consolidated income tax provision decreased from the first six months of 2015 to the first six months of 2016 due to the non-repeat of the GE Capital Exit Plan charges and due to a larger adjustment to reduce the tax rate to the projected full-year tax rate, partially offset by lower benefit from lower taxed global operations.

 The consolidated tax provision includes $0.9 billion and $0.8 billion for GE (excluding GE Capital) for the first six months of 2015 and 2016, respectively.

2016 2Q FORM 10-Q 39

BENEFITS FROM GLOBAL OPERATIONS

Absent the effects of the GE Capital Exit Plan, our consolidated income tax provision is lower because of the benefits of lower-taxed global operations. There is a benefit from global operations as non-U.S. income is subject to local country tax rates that are significantly below the 35% U.S. statutory rate. These non-U.S. earnings have been indefinitely reinvested outside the U.S. and are not subject to current U.S. income tax. Most of these earnings have been reinvested in active non-U.S. business operations and we do not intend to repatriate these earnings to fund U.S. operations. The rate of tax on our indefinitely reinvested non-U.S. earnings is below the 35% U.S. statutory tax rate because we have significant business operations subject to tax in countries where the tax on that income is lower than the U.S. statutory rate and because GE funds certain non-U.S. operations through foreign companies that are subject to low foreign taxes.

A substantial portion of the benefit related to business operations subject to tax in countries where the tax on that income is lower than the U.S. statutory rate is derived from our GECAS aircraft leasing operations located in Ireland, from our Power operations located in Switzerland and Hungary, and our Healthcare operations in Europe.

We expect our ability to benefit from non-U.S. income taxed at less than the U.S. rate to continue, subject to changes in U.S. or foreign law. In addition, since this benefit depends on management's intention to indefinitely reinvest amounts outside the U.S., our tax provision will increase to the extent we no longer indefinitely reinvest foreign earnings.

STATEMENT OF FINANCIAL POSITION

Because GE and GE Capital share certain significant elements of their Statements of Financial Position, the following discussion addresses significant captions in the consolidated statement. Within the following discussions, however, we distinguish between GE and GE Capital activities in order to permit meaningful analysis of each individual consolidating statement.

MAJOR CHANGES IN OUR FINANCIAL POSITION FOR THE SIX MONTHS ENDED

JUNE 30, 2016

 Cash and equivalents decreased $18.4 billion. GE Cash and equivalents decreased $0.4 billion due to cash flows from operating activities of $10.7 billion (including common dividends from GE Capital of $11.0 billion), proceeds from the sale of our Appliances business of $4.8 billion and a short-term loan from GE Capital of $5.0 billion. This is more than offset by treasury stock purchases of $15.3 billion (cash basis), including $7.0 billion paid under ASR agreements, dividends of $4.3 billion and net PP&E additions of $1.4 billion. GE Capital Cash and equivalents decreased $17.9 billion primarily driven by $44.5 billion net repayments of debt, $11.2 billion in payments of dividends to shareowners and a short-term loan to GE of $5.0 billion, partially offset by $42.9 billion in proceeds from business dispositions and $0.8 billion in proceeds from the sale of receivables originated in our Appliances business and sold to Haier. See the Statement of Cash Flows section for additional information.

 Assets of discontinued operations decreased $71.1 billion, primarily due to the disposition of CLL businesses of $63.5 billion. See Note 2 for additional information.

 Borrowings decreased $41.2 billion, primarily due to a net decrease of GE Capital borrowings of $41.9 billion, partially offset by a net increase in borrowings by GE of $0.9 billion (excluding GE Capital debt assumption and short-term loan from GE Capital to GE).

 Liabilities of discontinued operations decreased $32.1 billion, primarily driven by the disposition of CLL businesses of $27.1 billion. See Note 2 for additional information.

 Common stock held in treasury increased $12.6 billion, primarily due to treasury stock purchases of $13.7 billion (book basis), including $6.3 billion repurchased under ASR agreements. This was partially offset by treasury stock issuances of $1.2 billion, primarily stock option exercises of $0.7 billion.

2016 2Q FORM 10-Q 40

FINANCIAL RESOURCES AND LIQUIDITY

LIQUIDITY AND BORROWINGS

We maintain a strong focus on liquidity. At both GE and GE Capital we manage our liquidity to help provide access to sufficient funding to meet our business needs and financial obligations throughout business cycles.

Our liquidity and borrowing plans for GE and GE Capital are established within the context of our annual financial and strategic planning processes. At GE, our liquidity and funding plans take into account the liquidity necessary to fund our operating commitments, which include primarily purchase obligations for inventory and equipment, payroll and general expenses (including pension funding). We also take into account our capital allocation and growth objectives, including paying dividends, repurchasing shares, investing in research and development and acquiring industrial businesses. At GE, we rely primarily on cash generated through our operating activities, any dividend payments from GE Capital, and also have historically maintained a commercial paper program that we regularly use to fund operations in the U.S., principally within the quarters.

GE Capital has historically relied on the unsecured term debt markets, the global commercial paper markets, deposits, secured funding, retail funding products, bank borrowings and securitizations to fund its balance sheet. Subsequent to April 10, 2015 and with the execution of the GE Capital Exit Plan, we do not plan to issue anyincrementalGE Capital senior unsecured term debt for four years. Furthermore, we have reduced our commercial paper from $25 billion to $5 billion consistent with the Exit Plan. In addition, we have substantially reduced our reliance on deposits and securitization due to the Exit Plan. Today, we mainly rely on excess cash positions,cash generated through dispositions, and the cash flow from our Verticals to fund our debt maturities and our operating and interest costs. GE Capital's liquidity position is targeted to meet its obligations under both normal and stressed conditions. We expect to maintain an elevated liquidity position as we generate cash from asset sales, returning to more normalized levels in 2019. During this period we expect to have excess interest costs as asset sales outpace our debt maturities. While we maintain elevated liquidity levels, we may engage in liability management actions, such as buying back debt, based on market and economic conditions in order to reduce our excess interest costs. During the first half of 2016, we repurchased $6.0 billion of long-term unsecured debt and $4.2 billion of subordinated debentures, resulting in a pre-tax loss of $528 million.

Our 2016 GE Capital funding plan anticipates repayment of principal on outstanding short-term borrowings, including the current portion of long-term debt ($42.7 billion at December 31, 2015), principally through dispositions, asset sales and cash on hand. Long-term maturities and early redemptions were $28.9 billion in the second quarter of 2016.

We maintain a detailed liquidity policy for GE Capital that requires GE Capital to maintain a contingency funding plan. The liquidity policy defines GE Capital's liquidity risk tolerance under different stress scenarios based on its liquidity sources and also establishes procedures to escalate potential issues. We actively monitor GE Capital's access to funding markets and its liquidity profile through tracking external indicators and testing various stress scenarios. The contingency funding plan provides a framework for handling market disruptions and establishes escalation procedures in the event that such events or circumstances arise. GE Capital will continue to evaluate the need to modify the existing contingency funding plan due to the GE Capital Exit Plan.

On December 2, 2015, $87.7 billion of senior unsecured notes and $4.9 billion of commercial paper was assumed by GE upon its merger with GE Capital. The amount of the intercompany payable to GE was $65.2 billion as of June 30, 2016, which includes a reduction for a $5.0 billion short term loan in the second quarter of 2016 from GE Capital to GE, which bears the right of offset against amounts owed under the assumed debt agreement. See Note 9 to the consolidated financial statements.

On June 3, 2016, GE commenced an offering to exchange $19.6 billion of all the outstanding, unregistered senior notes that were issued by GE Capital International Funding Company Unlimited Company in a private offering on October 26, 2015,  for identical, registered 2.342% Senior Notes due 2020, 3.373% Senior Notes due 2025 and 4.418% Senior Notes due 2035. The exchange offer was completed on July 8, 2016.

2016 2Q FORM 10-Q 41

LIQUIDITY SOURCES

In addition to GE cash of $9.9 billion at June 30, 2016, GE Capital maintained liquidity sources of $55.6 billion that consisted of cash and equivalents of $42.2 billion, high-quality investments of $9.2 billion and cash and equivalents of $4.2 billion classified as discontinued operations. Additionally, we have $20.0 billion of committed unused credit lines.

CASH AND EQUIVALENTS
(In billions)		June 30, 2016			June 30, 2016
GE(a)	$	9.9	U.S.	$	16.1
GE Capital(b)		42.2	Non-U.S.(c)		36.0

(a) At June 30, 2016, $3.2 billion of GE cash and equivalents was held in countries with currency controls that may restrict the transfer of funds to the U.S. or limit our ability to transfer funds to the U.S. without incurring substantial costs. These funds are available to fund operations and growth in these countries and we do not currently anticipate a need to transfer these funds to the U.S.

(b) At June 30, 2016, GE Capital cash and equivalents of about $0.9 billion were primarily in insurance entities and were subject to regulatory restrictions.

(c) Of this amount at June 30, 2016, $3.7 billion is held outside of the U.S. and is available to fund operations and other growth of non-U.S. subsidiaries; it is also available to fund our needs in the U.S. on a short-term basis through short-term loans, without being subject to U.S. tax. Under the Internal Revenue Code, these loans are permitted to be outstanding for 30 days or less and the total of all such loans is required to be outstanding for less than 60 days during the year. If we were to repatriate this cash, we would be subject to additional U.S. income taxes and foreign withholding taxes.

As of June 30, 2016, GE Company had committed credit lines aggregating $20.0 billion extended by 36 banks in a syndicated credit facility agreement.

FUNDING PLAN

We reduced our Capital ENI, excluding liquidity*, to $79 billion at June 30, 2016.

During the first six months of 2016, there were no new senior unsecured debt issuances.

COMMERCIAL PAPER
(In billions)	GE		GE Capital
Average commercial paper borrowings during the second quarter of 2016	$	14.7	$	5.0
Maximum commercial paper borrowings outstanding during the second quarter of 2016		19.7		5.1

GE Capital commercial paper maturities have historically been funded principally through new commercial paper issuances and at GE are substantially repaid before quarter-end using indefinitely reinvested overseas cash, which as discussed above, is available for use in the U.S. on a short-term basis without being subject to U.S. tax.

We securitize financial assets as an alternative source of funding. During the first six months of 2016, we completed $0.4 billion of non-recourse issuances and $1.5 billion of non-recourse borrowings matured. At June 30, 2016, consolidated non-recourse securitization borrowings were $2.0 billion.

We have six deposit-taking banks outside of the U.S., which are classified as discontinued operations. On April 18, 2016, we completed the sale of the deposit-taking bank in the U.S., GE Capital Bank, an industrial bank.

*Non-GAAP Financial Measure

2016 2Q FORM 10-Q 42

GE GUARANTEE OF CERTAIN GE CAPITAL DEBT

GE provides implicit and explicit support to GE Capital through commitments, capital contributions and operating support. As part of the GE Capital Exit Plan, on April 10, 2015, GE and GE Capital entered into an amendment to their existing financial support agreement. Under this amendment (the Amendment), the Company has provided a full and unconditional guarantee (the Guarantee) of the payment of principal and interest on all tradable senior and subordinated outstanding long-term debt securities and all commercial paper issued or guaranteed by GE Capital identified in the Amendment. The Guarantee replaced the requirement that the Company make certain income maintenance payments to GE Capital in certain circumstances. GE Capital's U.S. public indentures were concurrently amended to provide the full and unconditional guarantee by the Company set forth in the Guarantee. At June 30, 2016, the balance of this debt that GE assumed was $70.2 billion, and the Guarantee applied to approximately $54.5 billion of GE Capital debt.

ACCELERATED SHARE REPURCHASE AGREEMENT

During the first six months of 2016, we repurchased $13.7 billion of our common stock, including $6.3 billion repurchased under accelerated share repurchase (ASR) agreements.

In June 2016, we entered into an ASR agreement with a financial institution which allowed us to repurchase GE common stock at a price below its volume weighted-average price during a given period. During the second quarter, we paid $5.0 billion and received and classified as treasury shares an initial delivery of 142,474,019 shares based on then-current market prices. The payment was recorded as a reduction to shareowners' equity, consisting of a $4.3 billion increase in treasury stock, which reflects the value of the shares received upon initial delivery, and a $0.8 billion decrease in other capital, which reflects the value of the stock held back pending final delivery in the third quarter of 2016.

In the second quarter of 2016, we received the remaining 10,222,022 shares related to the ASR agreement entered in March 2016 based on the final volume weighted-average price less the negotiated discount.

2016 2Q FORM 10-Q 43

STATEMENT OF CASH FLOWS - SIX MONTHS ENDED JUNE 30, 2016 VERSUS 2015

CONSOLIDATED CASH FLOWS

We evaluate our cash flow performance by reviewing our industrial (non-GE Capital) businesses and GE Capital businesses separately. Cash from operating activities (CFOA) is the principal source of cash generation for our industrial businesses. The industrial businesses also have liquidity available via the public capital markets.

GE CASH FLOWS – SIX MONTHS ENDED JUNE 30

(Dollars in billions)

OPERATING CASH FLOWS		INVESTING CASH FLOWS		FINANCING CASH FLOWS
2015	2016	2015	2016	2015	2016

With respect to GE CFOA, we believe that it is useful to supplement our GE Statement of Cash Flows and to examine in a broader context the business activities that provide and require cash.

The most significant source of cash in GE CFOA is customer-related activities, the largest of which is collecting cash resulting from product or services sales. The most significant operating use of cash is to pay our suppliers, employees, tax authorities and others for a wide range of material and services. Dividends from GE Capital represent the distribution of a portion of GE Capital retained earnings, and are distinct from cash from continuing operations within the GE Capital businesses. See the Intercompany Transactions and Eliminations section for information related to transactions between GE and GE Capital.

2016 – 2015 COMMENTARY

GE cash from operating activities increased $6.7 billion primarily due to the following:

 GE Capital paid common dividends totaling $11.0 billion and $0.5 billion to GE in the six months ended June 30, 2016 and 2015, respectively.

 An increase of operating cash collections of $5.0 billion to $56.0 billion in 2016, primarily driven by progress collections of $1.6 billion and higher GE segment revenues from sales of goods and services.

 These increases were partially offset by an increase in operating cash payments of $8.8 billion to $56.3 billion in 2016. This increase is primarily driven by increased spend on inventory, purchasing volume timing, payment of income taxes and incentive compensation payments in the six months ended June 30, 2016 compared with that of 2015.

GE cash from investing activities increased $4.3 billion primarily due to the following:

 The sale of our Appliances business to Haier for proceeds of $4.8 billion.

 This is partially offset by funding of a joint venture at our Aviation business in the six months ended June 30, 2016.

GE cash used for financing activities increased $13.0 billion primarily due to the following:

 An increase in net repurchases of GE treasury shares of $14.8 billion, including $7.0 billion paid under ASR agreements.

 This increase was partially offset by a net change in borrowings of $1.8 billion. The change is driven by a short-term loan from GE Capital to GE of $5.0 billion in the six months ended June 30, 2016, partially offset by $3.4 billion of GE issued unsecured notes in the six months ended June 30, 2015.

2016 2Q FORM 10-Q 44

GE CAPITAL CASH FLOWS – SIX MONTHS ENDED JUNE 30

(Dollars in billions)

OPERATING CASH FLOWS		INVESTING CASH FLOWS		FINANCING CASH FLOWS
2015	2016	2015	2016	2015	2016

2016 – 2015 COMMENTARY-CONTINUING OPERATIONS:

GE Capital cash from operating activities-continuing operations increased $2.6 billion primarily due to the following:

 An increase in net cash collateral activity with counterparties on derivative contracts of $3.8 billion in addition to an increase in cash generated from earnings and other activity.

 These increases were partially offset by higher tax payments.

GE Capital cash from investing activities-continuing operations increased $8.6 billion primarily due to the following:

 Higher proceeds from the sale of certain of our CLL, Consumer and Real Estate businesses of $25.3 billion.

 The 2015 acquisition of Milestone Aviation Group, resulting in net cash paid of $1.7 billion.

 The sale of receivables purchased from our Appliances business and sold to Haier for proceeds of $0.8 billion.

 These increases were partially offset by a short-term loan from GE Capital to GE of $5.0 billion, derivative cash settlements of $4.1 billion and net settlement activity between our continuing operations (primarily our treasury operations) and our CLL, Consumer and Real Estate businesses in discontinued operations.

GE Capital cash used for financing activities-continuing operations increased $38.7 billion primarily due to the following:

 Higher net repayments of borrowings of $28.3 billion.

 In addition, GE Capital paid common dividends totaling $11.0 billion and $0.5 billion to GE in the six months ended June 30, 2016 and 2015, respectively.

2016 2Q FORM 10-Q 45

GE CAPITAL DISCONTINUED OPERATIONS CASH FLOWS – SIX MONTHS ENDED JUNE 30

(Dollars in billions)

OPERATING CASH FLOWS		INVESTING CASH FLOWS		FINANCING CASH FLOWS
2015	2016	2015	2016	2015	2016

2016 – 2015 COMMENTARY-DISCONTINUED OPERATIONS:

GE Capital cash used for operating activities-discontinued operations increased $14.3 billion primarily due to the following:

 Lower cash generated from earnings in connection with the GE Capital Exit Plan.

 This is further impacted by higher tax payments.

GE Capital cash used for investing activities-discontinued operations increased $2.4 billion primarily due to the following:

 The sale of bank deposits for $16.5 billion in net cash paid during the first six months of 2016.

 This decrease is partially offset by higher maturities in investment securities and net settlement activity between our continuing operations (primarily our treasury operations) and our CLL, Consumer and Real Estate businesses in discontinued operations.

GE Capital cash used for financing activities-discontinued operations decreased $1.5 billion primarily due to the following:

 Lower repayment of borrowings and lower net bank deposit activity.

INTERCOMPANY TRANSACTIONS AND ELIMINATIONS

Effects of transactions between related companies are made on an arms-length basis, are eliminated and consist primarily of GE Capital dividends to GE; GE customer receivables sold to GE Capital; GE Capital services for trade receivables management and material procurement; buildings and equipment leased between GE and GE Capital, including sales-leaseback activity; information technology (IT) and other services sold to GE Capital by GE; aircraft engines manufactured by GE that are installed on aircraft purchased by GE Capital from third-party producers for lease to others; expenses related to parent-subsidiary pension plans and various investments, loans and allocations of GE corporate overhead costs.

GE Capital is a member of certain GE pension plans. As a result of the GE Capital Exit Plan, GE Capital will have additional funding obligations for these pension plans. These obligations do not relate to the Verticals and are recognized as expense in GE Capital's other continuing operations when they become probable and estimable. GE records a contra expense as GE Capital's additional funding obligations are recognized and GE's related pension obligations are paid by GE Capital. On a consolidated basis, the additional required funding obligations do not affect earnings but rather are reflected as a reduction of the pension liability when paid. In the three and six months ended June 30, 2016, the additional funding obligations recognized by GE Capital were $0.1 billion and $0.2 billion, respectively. No such funding obligations were recognized in the three and six months ended June 30, 2015. As of June 30, 2016, the total outstanding funding obligation was $0.3 billion.

GE sells customer receivables to GE Capital in the ordinary course of business to fund the growth of our industrial businesses. During any given period, GE receives cash from the sale of receivables to GE Capital. It also foregoes the future collection of cash on receivables sold as GE Capital will collect the cash from the customer. The incremental amount of cash received from sales of receivables in excess of the cash GE would have otherwise collected had those receivables not been sold, represents the cash generated or used in the period relating to this activity. The effect of cash generated in GE CFOA from selling these receivables to GE Capital decreased GE's CFOA by $1.0 billion and $1.8 billion for the six months ended June 30, 2016 and 2015, respectively.

2016 2Q FORM 10-Q 46

See Note 17 to the consolidated financial statements in this Form 10-Q Report for additional information about the eliminations of intercompany transactions between GE and GE Capital.

EXPOSURES

FOREIGN CURRENCY

As a result of our global operations, we generate and incur a significant portion of our revenues and expenses in currencies other than the U.S. dollar. The results of operating entities reported in currencies other than U.S. dollar are translated to the U.S. dollar at the applicable exchange rate for inclusion in the financial statements. The foreign currency effect arising from operating activities outside of the U.S., including the remeasurement of derivatives, can result in significant transactional foreign currency fluctuations at points in time, but will generally be offset as the underlying hedged item is recognized in earnings.  The effects of foreign currency fluctuations decreased earnings for the three and six months ended June 30, 2016 by $0.1 billion and $0.3 billion, respectively.

On June 23, 2016, a referendum in the United Kingdom (U.K.) was approved to withdraw from the European Union. The referendum was advisory and the terms of any withdrawal is subject to a negotiation period that could last for two years after the U.K. government initiates the withdrawal process. The approval of the referendum had, and may continue to have, an impact on foreign currency exchange rates, among other things. We actively manage our exposure to the U.K. and do not anticipate a material economic impact from our currency exposure as a result of the recent decision by the U.K. to exit the European Union.

For further information about our risk exposures, our use of derivatives, and the effects of this activity on our financial statements see Notes 15 and 19 to the consolidated financial statements.

OIL & GAS INDUSTRY

The oil and gas market remains challenging. While oil prices increased in the second quarter of 2016, activity remained subdued with U.S. onshore rig and well counts continuing to decline from both year-end 2015 and 2014 peak levels, and capital expenditures and investment decisions continuing to be delayed. As a result, our Oil & Gas business has experienced declines in orders through the six months ended June 30, 2016 of approximately 39%.

In this difficult market our Oil & Gas business will continue to focus on the items within its control such as cost management and competitiveness. Our restructuring investment will likely increase from $350 million to approximately $500 million to achieve our $800 million cost reduction target, as lower volume will offset some of the realization.

2016 2Q FORM 10-Q 47

CRITICAL ACCOUNTING ESTIMATES

We utilized significant estimates in the preparation of the second quarter financial statements.

Please refer to the Critical Accounting Estimates section within MD&A and Note 1, Basis of Presentation and Summary of Significant Accounting Policies, to the consolidated financial statements of our Form 8-K filed on June 3, 2016 related to the 2015 Annual Report on Form 10-K for a discussion of our accounting policies and the critical accounting estimates we use to: assess the recoverability of assets such as financing receivables and goodwill; determine the fair value of financial assets; and determine our provision for income taxes and recoverability of deferred tax assets.

2016 2Q FORM 10-Q 48

OTHER ITEMS

NEW ACCOUNTING STANDARDS

In February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016- 02, Leases. The new standard establishes a right-of-use (ROU) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition. Similarly, lessors will be required to classify leases as either sales-type, finance or operating, with classification affecting the pattern of income recognition. Classification for both lessees and lessors will be based on an assessment of whether risks and rewards as well as substantive control have been transferred through a lease contract. The new standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years, with early adoption permitted. A modified retrospective transition approach is required for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available. While we continue to evaluate the effect of the standard on our ongoing financial reporting, we anticipate that the adoption of ASU 2016-02 may materially affect our statement of financial position.

In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers, which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in GAAP when it becomes effective. In July 2015, the FASB approved a one-year deferral of this standard, with a revised effective date for fiscal years beginning after December 15, 2017. Early adoption is permitted, although not prior to fiscal years beginning after December 15, 2016. The standard permits the use of either the retrospective or modified retrospective (cumulative effect) transition method. We have not yet selected a transition method or an adoption date. In addition, we are evaluating recently issued guidance on practical expedients as part of our transition decision. Given the complexity of our commercial arrangements, we are continuing to assess the potential effect that the standard is expected to have on our consolidated financial statements. We believe the more significant effects on our existing accounting policies will be associated with our long-term product service agreements and commercial aircraft engine contracts as further discussed below.

For our long-term product service agreements, we expect to continue to recognize revenue over time by applying contract-specific estimated margin rates to incurred costs. The standard provides new guidance in assessing what comprises the distinct service being provided to a customer that may have implications to our existing unit of account and the recognition of contract modifications.

In addition, the revenue for our commercial aircraft engines will be recognized on a point-in-time basis, which is a change from our current long-term contract accounting process of applying contract-specific estimated margin rates to incurred costs.

GE DIGITAL

In late 2015, we created GE Digital, whose activities are focused on assisting in the market development of our digital product offerings through software design, fulfillment and product management, while also interfacing with our customers. Digital revenues include software-enabled product upgrades, internally developed software (including Predix^TM) and associated hardware, and software-enabled productivity solutions. These revenues are reported in the financial results of our operating segments.

Digital revenues for the three and six months ended June 30, 2016 were $1.3 billion and $2.4 billion, respectively, compared with $1.2 billion and $2.2 billion for the three and six months ended June 30, 2015, respectively, and were principally reported in our Power and Healthcare segments.

2016 2Q FORM 10-Q 49

SUPPLEMENTAL INFORMATION

FINANCIAL MEASURES THAT SUPPLEMENT U.S. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES MEASURES (NON-GAAP FINANCIAL MEASURES)

We sometimes use information derived from consolidated financial information but not presented in our financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP). Certain of these data are considered "non-GAAP financial measures" under U.S. Securities and Exchange Commission rules. Specifically, we have referred to:

 Industrial segment organic revenues

 Operating and non-operating pension costs

 Adjusted Corporate costs (operating)

 Industrial operating and GE Capital earnings (loss) from continuing operations and EPS

 Industrial operating + Verticals earnings and EPS

 Industrial operating profit and operating profit margin (excluding certain items)

 Industrial segment operating profit and operating profit margin (excluding Alstom)

 Industrial cash flows from operating activities (Industrial CFOA) and Industrial CFOA excluding taxes related to the Appliances business sale

 Capital ending net investment (ENI), excluding liquidity

The reasons we use these non-GAAP financial measures and the reconciliations to their most directly comparable GAAP financial measures follow.

2016 2Q FORM 10-Q 50

INDUSTRIAL SEGMENT ORGANIC REVENUES
	Three months ended June 30					Six months ended June 30
(Dollars in millions)		2016		2015	V%		2016		2015	V%
Industrial segment revenues (GAAP)	$	28,630	$	26,826	7%	$	54,499	$	51,188	6%
Less the effects of:
Acquisitions, business dispositions
(other than dispositions of businesses acquired
for investment) and currency exchange rates		4,185		2,202			6,471		2,743
Industrial segment revenues excluding effects
of acquisitions, business dispositions
(other than dispositions of businesses acquired
for investment) and currency exchange
rates (Industrial segment organic revenues) (Non-GAAP)	$	24,445	$	24,624	(1)%	$	48,028	$	48,446	(1)%

Organic revenue growth measures revenue excluding the effects of acquisitions, business dispositions and currency exchange rates. We believe that this measure provides management and investors with a more complete understanding of underlying operating results and trends of established, ongoing operations by excluding the effect of acquisitions, dispositions and currency exchange, which activities are subject to volatility and can obscure underlying trends. We also believe that presenting organic revenue growth separately for our industrial businesses provides management and investors with useful information about the trends of our industrial businesses and enables a more direct comparison to other non-financial businesses and companies. Management recognizes that the term "organic revenue growth" may be interpreted differently by other companies and under different circumstances. Although this may have an effect on comparability of absolute percentage growth from company to company, we believe that these measures are useful in assessing trends of the respective businesses or companies and may therefore be a useful tool in assessing period-to-period performance trends.

OPERATING AND NON-OPERATING PENSION COSTS
	Three months ended June 30				Six months ended June 30
(In millions)	2016		2015		2016		2015
Service cost for benefits earned	$	291	$	367	$	606	$	728
Prior service cost amortization		76		51		152		103
Curtailment loss (gain)		(1)		-		(1)		71
Operating pension costs (Non-GAAP)		366		418		757		902
Expected return on plan assets		(836)		(827)		(1,670)		(1,652)
Interest cost on benefit obligations		735		696		1,469		1,391
Net actuarial loss amortization		612		820		1,224		1,645
Non-operating pension costs (Non-GAAP)		511		689		1,023		1,384
Total principal pension plans costs (GAAP)	$	877	$	1,107	$	1,780	$	2,286

We have provided the operating and non-operating components of cost for our principal pension plans. Operating pension cost comprise the service cost of benefits earned, prior service cost amortization and curtailment loss (gain) for our principal pension plans. Non-operating pension cost comprise the expected return on plan assets, interest cost on benefit obligations and net actuarial loss amortization for our principal pension plans. We believe that the operating components of pension cost better reflects the ongoing service-related cost of providing pension benefits to our employees. We believe that the operating and non-operating components of cost for our principal pension plans, considered along with the corresponding GAAP measure, provide management and investors with additional information for comparison of our pension plan cost and operating results with the pension plan cost and operating results of other companies.

2016 2Q FORM 10-Q 51

ADJUSTED CORPORATE COSTS (OPERATING)
	Three months ended June 30				Six months ended June 30
(In millions)		2016		2015		2016		2015
Total Corporate Items and Eliminations (GAAP)	$	974	$	(1,185)	$	(597)	$	(2,876)
Less: non-operating pension cost		(511)		(689)		(1,023)		(1,384)
Total Corporate costs (operating) (Non-GAAP)	$	1,485	$	(496)	$	426	$	(1,492)
Less: restructuring other charges against gains and settlement		1,941		100		1,313		(322)
Adjusted total corporate costs (operating) (Non-GAAP)	$	(456)	$	(596)	$	(887)	$	(1,170)

Operating corporate costs exclude non-service-related pension costs of our principal pension plans, which comprise interest costs, expected return on plan assets and amortization of actuarial gains/losses. Service cost, prior service cost and curtailment loss components of our principal pension plans are included in operating corporate costs. We believe that these components of pension cost better reflect the ongoing service-related costs of providing pension benefits to our employees. Accordingly, we believe that our measure of operating corporate costs provides management and investors with a useful measure of the operational costs incurred outside of our businesses. We believe that this measure, considered along with the corresponding GAAP measure, provides management and investors with additional information for comparison of our operating corporate costs to the operating corporate costs of other companies.

We also believe that adjusting operating corporate costs to exclude the effects of items that are not closely associated with ongoing corporate operations, such as earnings of previously divested businesses, gains and losses on disposed and held for sale businesses, and restructuring and other charges, provides management and investors with a meaningful measure that increases the period-to-period comparability of our ongoing corporate costs.

INDUSTRIAL OPERATING EARNINGS AND GE CAPITAL EARNINGS (LOSS)
FROM CONTINUING OPERATIONS AND EPS
	Three months ended June 30					Six months ended June 30
(Dollars in millions; except per share amounts)		2016		2015	V%		2016		2015	V%
Consolidated earnings (loss) from continuing operations
attributable to GE common shareowners (GAAP)	$	3,281	$	1,679	95%	$	3,492	$	(2,869)	F
Non-operating pension costs (pre-tax)		511		689			1,023		1,384
Tax effect		(179)		(241)			(358)		(484)
Adjustment: non-operating pension costs (net of tax)		332		448			665		900
Operating earnings (loss) (Non-GAAP)		3,613		2,127	70%		4,157		(1,968)	F
Adjustment: GE Capital earnings (loss) from continuing operations
attributable to GE common shareowners		(600)		(493)			(1,492)		(6,215)
Industrial operating earnings (loss) (Non-GAAP)	$	4,213	$	2,620	61%	$	5,649	$	4,245	33%
Earnings (loss) per share – diluted(a)
Consolidated EPS from continuing operations attributable to
GE common shareowners (GAAP)	$	0.36	$	0.17	F	$	0.38	$	(0.29)	F
Adjustment: non-operating pension costs (net of tax)		0.04		0.04			0.07		0.09
Operating EPS (Non-GAAP)		0.39		0.21	86%		0.45		(0.20)	F
GE Capital EPS from continuing operations attributable to
GE common shareowners		(0.07)		(0.05)	(40)%		(0.16)		(0.62)	74%
Industrial operating EPS (Non-GAAP)	$	0.46	$	0.26	77%	$	0.61	$	0.42	45%

(a) Earnings-per-share amounts are computed independently. As a result, the sum of per-share amounts may not equal the total.

Operating earnings (loss) excludes non-service related pension costs of our principal pension plans comprising interest cost, expected return on plan assets and amortization of actuarial gains/losses. The service cost, prior service cost and curtailment loss components of our principal pension plans are included in operating earnings. We believe that these components of pension cost better reflect the ongoing service-related costs of providing pension benefits to our employees. As such, we believe that our measure of operating earnings (loss) provides management and investors with a useful measure of the operational results of our business. Other components of GAAP pension cost are mainly driven by capital allocation decisions and market performance, and we manage these separately from the operational performance of our businesses. Non-operating pension costs are not necessarily indicative of the current or future cash flow requirements related to our pension plan. We also believe that this measure, considered along with the corresponding GAAP measure, provides management and investors with additional information for comparison of our operating results to the operating results of other companies.

2016 2Q FORM 10-Q 52

INDUSTRIAL OPERATING + VERTICALS EARNINGS AND EPS
		Three months ended June 30					Six months ended June 30
(Dollars in millions; except per share amounts)		2016		2015	V%		2016		2015	V%
GE Capital earnings (loss) from continuing operations
attributable to GE common shareowners (GAAP)	$	(600)	$	(493)	(22)%	$	(1,492)	$	(6,215)	76%
Adjustment: Verticals earnings(a)		452		531			948		877
GE Capital other continuing earnings (loss) (Non-GAAP)	$	(1,051)	$	(1,024)	(3)%		(2,440)		(7,092)	66%
Industrial operating earnings (Non-GAAP)	$	4,213	$	2,620	61%	$	5,649	$	4,245	33%
Verticals earnings(a)		452		531			948		877
Industrial operating earnings + Verticals earnings (Non-GAAP)	$	4,665	$	3,151	(48)%	$	6,597	$	5,123	29%
Earnings (loss) per share - diluted(b)
Industrial operating EPS (Non-GAAP)	$	0.46	$	0.26	77%	$	0.61	$	0.42	45%
Adjustment: Verticals EPS		0.05		0.05	-%		0.10		0.09	11%
Industrial operating + Verticals EPS (Non-GAAP)	$	0.51	$	0.31	65%	$	0.71	$	0.51	39%

(a) Verticals include businesses expected to be retained (GECAS, EFS, Industrial Finance, and run-off Insurance), including allocated corporate costs of $25 million after tax in both the three months ended June 30, 2016 and 2015, and $50 million and $83 million after tax in the six months ended June 30, 2016 and 2015, respectively.

(b) Earnings-per-share amounts are computed independently. As a result, the sum of per-share amounts may not equal the total.

As described above, Verticals represents the GE Capital businesses that we expect to retain. We believe that presenting Industrial operating + Verticals earnings-per-share amounts provides management and investors with a useful measure to evaluate the performance of the businesses we expect to retain after the disposition of most of our financial services business.

See below for a graphic presentation of the reconciliation between GAAP EPS from continuing operations to the Industrial operating + Verticals EPS.

INDUSTRIAL OPERATING + VERTICALS EARNINGS AND EPS(a)
		Industrial operating & Verticals $0.51 Non-operating pension & other Capital$(0.15)			Industrial operating & Verticals $0.31 Non-operating pension & other Capital$(0.14)
GAAP Continuing EPS	$0.36			$0.17
		Industrial operating & Verticals $0.71 Non-operating pension & other Capital$(0.33)			Industrial operating & Verticals $0.51 Non-operating pension & other Capital$(0.79)
GAAP Continuing EPS	$0.38			$(0.29)

(a) Earnings per share amounts are computed independently. As a result, the sum of per share amounts may not equal the total.

2016 2Q FORM 10-Q 53

INDUSTRIAL OPERATING PROFIT AND OPERATING PROFIT MARGIN (EXCLUDING CERTAIN ITEMS)
	Three months ended June 30				Six months ended June 30
(Dollars in millions)	2016			2015	2016			2015
Revenues
GE total revenues and other income (GAAP)	$	30,604	$	26,578	$	55,210	$	44,748
Less: GE Capital loss from continuing operations		(600)		(332)		(1,492)		(6,053)
GE revenues and other income excluding GE Capital loss (Industrial revenues)	$	31,204	$	26,910	$	56,702	$	50,801
Less: gains		3,129		499		3,188		499
Less: Alstom		3,171		-		5,984		-
Adjusted Industrial revenues (Non-GAAP)	$	24,904	$	26,411	$	47,531	$	50,303
Costs
GE total costs and expenses (GAAP)	$	26,756	$	24,183	$	51,069	$	46,722
Less: GE interest and other financial charges		567		414		1,007		803
Industrial costs excluding interest and other financial charges	$	26,189	$	23,769	$	50,062	$	45,919
Less: Alstom		3,033		-		5,867		-
Less: non-operating pension costs (pre-tax)		511		689		1,023		1,384
Less: restructuring and other charges		1,188		399		1,874		821
Less: noncontrolling interests and 2015 GE Capital preferred stock dividends		82		29		199		155
Adjusted Industrial costs (Non-GAAP)	$	21,375	$	22,652	$	41,099	$	43,559
Industrial profit (loss) (GAAP)	$	5,015	$	3,141	$	6,640	$	4,882
Industrial margins (GAAP)		16.1%		11.7%		11.7%		9.6%
Industrial operating profit (Non-GAAP)	$	3,529	$	3,760	$	6,432	$	6,745
Industrial operating profit margins (Non-GAAP)		14.2%		14.2%		13.5%		13.4%
		.				.

We have presented our Industrial operating profit and operating profit margin excluding gains, non-operating pension costs (pre-tax), restructuring and other, noncontrolling interests, GE Capital preferred stock dividends, as well as the results of Alstom. We believe that Industrial operating profit and operating profit margin adjusted for these items are meaningful measures because they increase the comparability of period-to-period results.

INDUSTRIAL SEGMENT OPERATING PROFIT AND OPERATING PROFIT MARGIN (EXCLUDING ALSTOM)
	Three months ended June 30				Six months ended June 30
(Dollars in millions)	2016			2015	2016			2015
Revenues
Total industrial segment revenues (GAAP)	$	28,630	$	26,826	$	54,499	$	51,188
Less: Alstom revenues		3,171		-		5,984		-
Total industrial segment operating revenues excluding Alstom (Non-GAAP)	$	25,459	$	26,826	$	48,515	$	51,188
Segment profit (loss)
Total industrial segment operating profit (GAAP)	$	4,122	$	4,355	$	7,437	$	7,915
Total industrial segment operating profit margin (GAAP)		14.4%		16.2%		13.6%		15.5%
Less: Alstom profit (loss)	$	138	$	-	$	117	$	-
Total industrial segment operating profit excluding Alstom (Non-GAAP)	$	3,984	$	4,355	$	7,319	$	7,915
Total industrial segment operating profit margin excluding Alstom (Non-GAAP)		15.6%		16.2%		15.1%		15.5%
		.				.

We have presented our industrial segment operating profit and industrial segment operating profit margin excluding the results of Alstom power and grid. We believe that operating profit and operating profit margin adjusted for the Alstom impacts are meaningful measures because they increase the comparability of period-to-period results.

2016 2Q FORM 10-Q 54

INDUSTRIAL CASH FLOWS FROM OPERATING ACTIVITIES (INDUSTRIAL CFOA)
AND INDUSTRIAL CFOA EXCLUDING TAXES RELATED TO THE APPLIANCES BUSINESS SALE
	Six months ended June 30
(Dollars in millions)		2016		2015	V%
Cash from GE's operating activities (continuing operations), as reported (GAAP)	$	10,689	$	3,950	F
Adjustments: dividends from GE Capital		11,000		450
Industrial CFOA (Non-GAAP)	$	(311)	$	3,500	U
Adjustment: taxes related to the Appliances business sale		700		-
Industrial CFOA excluding taxes related to the Appliances business sale (Non-GAAP)	$	389	$	3,500	U

We define "Industrial CFOA" as GE's cash from operating activities (continuing operations) less the amount of dividends received by GE from GE Capital. This includes the effects of intercompany transactions, including GE customer receivables sold to GE Capital; GE Capital services for trade receivables management and material procurement; buildings and equipment leased by GE from GE Capital; information technology (IT) and other services sold to GE Capital by GE; aircraft engines manufactured by GE that are installed on aircraft purchased by GE Capital from third-party producers for lease to others; and various investments, loans and allocations of GE corporate overhead costs.  We believe that investors may find it useful to compare GE's operating cash flows without the effect of GE Capital dividends, since these dividends are not representative of the operating cash flows of our industrial businesses and can vary from period to period based upon the results of the financial services businesses. We also believe that investors may find it useful to compare Industrial CFOA excluding the effects of taxes paid related to the Appliances business sale. Management recognizes that these measures may not be comparable to cash flow results of companies which contain both industrial and financial services businesses, but believes that this comparison is aided by the provision of additional information about the amounts of dividends paid by our financial services business and the separate presentation in our financial statements of the GE Capital cash flows. We believe that our measure of Industrial CFOA and Industrial CFOA excluding Appliances sale-related taxes provides management and investors with useful measures to compare the capacity of our industrial operations to generate operating cash flow with the operating cash flow of other non-financial businesses and companies and as such provides useful measures to supplement the reported GAAP CFOA measure.

CAPITAL ENDING NET INVESTMENT (ENI), EXCLUDING LIQUIDITY
(In billions)	June 30, 2016		June 30, 2015(b)
Financial Services (GE Capital) total assets (GAAP)	$	219.4	$	463.3
Adjustment deferred income tax		5.2		-
GE Capital total assets		224.6		463.3
Less assets of discontinued operations		49.9		154.9
Less non-interest bearing liabilities		43.9		51.2
Capital ENI (Non-GAAP)		130.8		257.2
Less liquidity(a)		51.4		77.9
Capital ENI, excluding liquidity (Non-GAAP)	$	79.3	$	179.3
Discontinued operations, excluding liquidity		36.9		129.7
Total ENI (excluding liquidity) including discontinued operations (Non-GAAP)	$	116.2	$	309.0

(a) Liquidity includes cash and equivalents and $9.2 billion of high quality investments at June 30, 2016

(b) As originally reported

We use ENI to measure the size of our Capital segment. We believe that this measure is a useful indicator of the capital (debt or equity) required to fund a business as it adjusts for non-interest bearing current liabilities generated in the normal course of business that do not require a capital outlay. We also believe that by excluding liquidity, we provide a meaningful measure of assets requiring capital to fund our Capital segment as a substantial amount of liquidity resulted from debt issuances to pre-fund future debt maturities and will not be used to fund additional assets. Liquidity consists of cash and equivalents and certain high quality investments. As a general matter, investments included in liquidity are expected to be highly liquid, giving us the ability to readily convert them to cash. Providing this measure will help investors measure how we are performing against our previously communicated goal to reduce the size of our financial services segment.

2016 2Q FORM 10-Q 55

CONTROLS AND PROCEDURES

Under the direction of our Chief Executive Officer and Chief Financial Officer, we evaluated our disclosure controls and procedures and internal control over financial reporting and concluded that our disclosure controls and procedures were effective as of June 30, 2016.

On November 2, 2015, we closed the acquisition of Alstom's Thermal, Renewable, and Grid businesses. During 2016, we are continuing to perform the following activities with respect to these acquired businesses: (1) updating purchase price allocations, (2) transitioning acquired businesses to our accounting and reporting policies and processes, and (3) integrating their systems and processes into our framework of internal controls over financial reporting. We continue to monitor these activities and will make adjustments to processes or controls as appropriate.

OTHER FINANCIAL DATA

PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS
							Approximate
							dollar value
					Total number		of shares that
					of shares		may yet be
					purchased		purchased
					as part of		under our
	Total number		Average		our share		share
	of shares		price paid		repurchase		repurchase
Period	purchased(a)		per share		program(b)		program(b)
(Shares in thousands)
2016
April		32,955	$	30.85	32,905
May		40,207	$	30.00	40,141
June(c)		179,462	$	29.92	179,384
Total		252,624	$	30.05	252,430	$	33.0	billion

(a) This category included 194 thousand shares repurchased from our various benefit plans.

(b) Shares were repurchased through the 2015 GE Share Repurchase Program (the Program). As of June 30, 2016, we were authorized to repurchase up to $50 billion of our common stock through 2018 and we had repurchased a total of approximately $17.0 billion under the Program. The Program is flexible and shares will be acquired with a combination of borrowings and free cash flow from the public markets and other sources, including GE Stock Direct, a stock purchase plan that is available to the public. The total amount remaining under our share repurchase program excludes an unsettled amount of $0.8 billion under an accelerated share repurchase (ASR) agreement.

(c) Includes 142,474 thousand shares repurchased at an average price of $29.83 per share pursuant to an ASR agreement.

2016 2Q FORM 10-Q 56

REGULATIONS AND SUPERVISION

As previously discussed, on April 10, 2015, the company announced the GE Capital Exit Plan to reduce the size of its financial services businesses. On March 31, 2016 GE filed its request to the FSOC for rescission of GE Capital's designation as a nonbank SIFI. On June 28, 2016 we received approval of our request to the FSOC for rescission of GE Capital's designation as a nonbank SIFI. 
With the rescission of its designation as a nonbank SIFI, GE Capital's activities are no longer subject to the consolidated supervision of the Federal Reserve or subject to the enhanced prudential standards set forth in the Dodd Frank Wall Street Reform and Consumer Protection Act and its implementing regulations, including minimum regulatory capital and liquidity requirements, submission of annual resolution plans, the Volcker Rule and regulatory reporting requirements.

GE Capital's international operations are consolidated under GE Capital International Holdings Limited, a wholly owned subsidiary of GE Capital. GE Capital International Holdings Limited continues to maintain its own capital structure and is supervised by the U.K. Prudential Regulation Authority (PRA). The PRA's supervision includes capital and liquidity standards that could impact the payment of dividends to GE Capital.

2016 2Q FORM 10-Q 57

LEGAL PROCEEDINGS

The following information supplements and amends our discussion set forth under "Legal Proceedings" in our Annual Report on Form 10-K for the fiscal year ended December 31, 2015 and our Quarterly Report on Form 10-Q for the quarter ended March 31, 2016.

There are 14 lawsuits relating to pending mortgage loan repurchase claims in which WMC, our U.S. mortgage business that we sold in 2007, is a party. The adverse parties in these cases are securitization trustees or parties claiming to act on their behalf. While the alleged claims for relief vary from case to case, the complaints and counterclaims in these actions generally assert claims for breach of contract, indemnification, and/or declaratory judgment, and seek specific performance (repurchase) and/or monetary damages. Beginning in the fourth quarter 2013, WMC entered into settlements that reduced its exposure on claims asserted in certain securitizations, and the claim amounts reported herein reflect the effect of these settlements.

Five WMC cases are pending in the United States District Court for the District of Connecticut. Four of these cases were initiated in 2012, and one was initiated in the third quarter 2013. Deutsche Bank National Trust Company (Deutsche Bank) is the adverse party in four cases, and Law Debenture Trust Company of New York (Law Debenture) is the adverse party in one case. The Deutsche Bank complaints assert claims on approximately $4,300 million of mortgage loans and seek to recover damages in excess of approximately $1,800 million. The Law Debenture complaint asserts claims on approximately $800 million of mortgage loans, and alleges losses on these loans in excess of approximately $425 million.

Four WMC cases are pending in the United States District Court for the District of Minnesota against US Bank National Association (US Bank), one of which was initiated by WMC seeking declaratory judgment. Three of these cases were filed in 2012, and one was filed in 2011. The Minnesota cases involve claims on approximately $800 million of mortgage loans and do not specify the amount of damages sought. On September 8, 2014, US Bank filed a petition for instructions in the administration of trusts in Minnesota state court seeking authorization and instruction for US Bank to implement the terms of a settlement agreement reached with WMC to compromise, settle, and release all claims arising out of the securitizations at issue in these four lawsuits. In February 2015, two bondholders filed objections to the proposed settlement, and in response the court held an evidentiary hearing on February 1, 2016. On July 11, 2016, the court issued an order approving the settlement, and the deadline for the bondholders to file notice of appeal is September 12, 2016. In light of the state court action, the District Court has stayed further proceedings in the four cases.

Four cases are pending against WMC in New York State Supreme Court, all of which were initiated by securitization trustees or securities administrators. These cases involve, in the aggregate, claims involving approximately $4,559 million of mortgage loans. One of these lawsuits was initiated by Deutsche Bank in the second quarter 2013 and names as defendants WMC and Barclays Bank PLC. It involves claims against WMC on approximately $1,000 million of mortgage loans and does not specify the amount of damages sought. The second case, in which the plaintiff is The Bank of New York Mellon (BNY), was initiated in the fourth quarter 2012 and names as defendants WMC, J.P. Morgan Mortgage Acquisition Corporation and JPMorgan Chase Bank, N.A. BNY asserts claims on approximately $1,300 million of mortgage loans, and seeks to recover damages in excess of $650 million. The third case was initiated by BNY in November 2013 and names as defendants WMC, J.P. Morgan Mortgage Acquisition Corporation and JPMorgan Chase Bank, N.A. In this case, BNY asserts claims on approximately $1,300 million of mortgage loans, and seeks to recover damages in excess of $600 million. On September 18, 2015, the court granted defendants' motion to dismiss this case on statute of limitations grounds, and the plaintiff filed a notice of appeal on October 21, 2015. The fourth case was filed in October 2014 and names as defendants WMC, J.P. Morgan Mortgage Acquisition Corporation and JPMorgan Chase Bank, N.A. The plaintiff, BNY, asserts claims on approximately $959 million of mortgage loans and seeks to recover damages in excess of $475 million.

One case is pending against WMC in the United States District Court for the Southern District of New York. The case was initiated by the Federal Housing Finance Agency (FHFA) in the fourth quarter 2012. In the second quarter 2013, Deutsche Bank, in its role as securitization trustee, intervened as a plaintiff and filed a complaint relating to approximately $1,300 million of loans and alleging losses in excess of approximately $100 million. In December 2013, the District Court issued an order denying WMC's motion to dismiss but, on its own motion, ordered re-briefing on several issues raised by WMC's motion to dismiss in February 2015. On July 10, 2015, the District Court entered an order dismissing the lawsuit as time-barred under the applicable statute of limitations. Deutsche Bank filed a notice of appeal from this order of dismissal on August 13, 2015, and the United States Court of Appeals for the Second Circuit heard oral argument on June 10, 2016.

2016 2Q FORM 10-Q 58

The amounts of the claims at issue in these cases (discussed above) reflect the purchase price or unpaid principal balances of the mortgage loans at issue at the time of purchase and do not give effect to pay downs, accrued interest or fees, or potential recoveries based upon the underlying collateral. All of the mortgage loans involved in these lawsuits are included in WMC's reported claims at June 30, 2016. See Note 2 to the consolidated financial statements for additional information.

In December 2015, we learned that, as part of continuing industry-wide investigation of subprime mortgages, the Civil Division of the U.S. Department of Justice is investigating potential violations of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) by WMC and its affiliates arising out of the origination, purchase or sale of residential mortgage loans between January 1, 2005 and December 31, 2007. The Justice Department subsequently issued subpoenas for documents to WMC and GE Capital in January 2016. We are cooperating with the Justice Department's investigation, which is at an early stage.

2016 2Q FORM 10-Q 59

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2016 2Q FORM 10-Q 60

FINANCIAL STATEMENTS AND NOTES

Statement of Earnings (Loss)			62
Consolidated Statement of Comprehensive Income (Loss)			66
Consolidated Statement of Changes in Shareowners' Equity			67
Statement of Financial Position			68
Statement of Cash Flows			70
Notes to Consolidated Financial Statements
	1	Basis of Presentation and Summary of Significant Accounting Policies	72
	2	Businesses Held for Sale and Discontinued Operations	73
	3	Investment Securities	78
	4	Inventories	81
	5	GE Capital Financing Receivables and Allowance for Losses on Financing Receivables	81
	6	Property, Plant and Equipment	82
	7	Acquisitions, Goodwill and Other Intangible Assets	82
	8	Contract Assets	85
	9	Borrowings	86
	10	Postretirement Benefit Plans	88
	11	Income Taxes	89
	12	Shareowners' Equity	90
	13	Earnings Per Share Information	94
	14	Fair Value Measurements	96
	15	Financial Instruments	101
	16	Variable Interest Entities	107
	17	Intercompany Transactions	109
	18	Guarantor Financial Information	110
	19	Supplemental Information	116

2016 2Q FORM 10-Q 61

FINANCIAL STATEMENTS

STATEMENT OF EARNINGS (LOSS)
(UNAUDITED)
	Three months ended June 30
	General Electric Company
	and consolidated affiliates
(In millions; per-share amounts in dollars)	2016		2015
Revenues and other income
Sales of goods	$	18,865	$	18,543
Sales of services		9,163		7,513
Other income		3,150		780
GE Capital earnings (loss) from continuing operations		-		-
GE Capital revenues from services		2,316		2,390
Total revenues and other income		33,494		29,226
Costs and expenses
Cost of goods sold		15,690		15,029
Cost of services sold		6,693		5,543
Selling, general and administrative expenses		4,883		4,385
Interest and other financial charges		1,326		713
Investment contracts, insurance losses and
insurance annuity benefits		776		657
Other costs and expenses		303		287
Total costs and expenses		29,670		26,614
Earnings (loss) from continuing operations before income taxes		3,824		2,612
Benefit (provision) for income taxes		(479)		(799)
Earnings (loss) from continuing operations		3,345		1,813
Earnings (loss) from discontinued operations, net of taxes (Note 2)		(541)		(2,947)
Net earnings (loss)		2,804		(1,134)
Less net earnings (loss) attributable to noncontrolling interests		(86)		225
Net earnings (loss) attributable to the Company		2,890		(1,360)
Preferred stock dividends		(152)		-
Net earnings (loss) attributable to GE common shareowners	$	2,738	$	(1,360)
Amounts attributable to GE common shareowners
Earnings (loss) from continuing operations	$	3,345	$	1,813
Less net earnings (loss) attributable to noncontrolling interests,
continuing operations		(89)		133
Earnings (loss) from continuing operations attributable to the Company		3,433		1,679
Preferred stock dividends		(152)		-
Earnings (loss) from continuing operations attributable
to GE common shareowners		3,281		1,679
Earnings (loss) from discontinued operations, net of taxes		(541)		(2,947)
Less net earnings (loss) attributable to
noncontrolling interests, discontinued operations		3		92
Net earnings (loss) attributable to GE common shareowners	$	2,738	$	(1,360)
Per-share amounts (Note 13)
Earnings (loss) from continuing operations
Diluted earnings (loss) per share	$	0.36	$	0.17
Basic earnings (loss) per share	$	0.36	$	0.17
Net earnings (loss)
Diluted earnings (loss) per share	$	0.30	$	(0.13)
Basic earnings (loss) per share	$	0.30	$	(0.13)
Dividends declared per common share	$	0.23	$	0.23

Amounts may not add due to rounding.

See Note 3 for other-than-temporary impairment amounts on investment securities.

See accompanying notes.

2016 2Q FORM 10-Q 62

STATEMENT OF EARNINGS (LOSS) (CONTINUED)
(UNAUDITED)
	Three months ended June 30
	GE(a)				Financial Services (GE Capital)
(In millions; per-share amounts in dollars)	2016		2015		2016		2015
Revenues and other income
Sales of goods	$	18,912	$	18,549	$	29	$	22
Sales of services		9,238		7,592		-		-
Other income		3,054		769		-		-
GE Capital earnings (loss) from continuing operations		(600)		(332)		-		-
GE Capital revenues from services		-		-		2,742		2,668
Total revenues and other income		30,604		26,578		2,771		2,690
Costs and expenses
Cost of goods sold(b)		15,742		15,035		24		22
Cost of services sold(b)		6,216		5,073		552		550
Selling, general and administrative expenses		4,231		3,661		733		806
Interest and other financial charges		567		414		958		423
Investment contracts, insurance losses and
insurance annuity benefits		-		-		815		706
Other costs and expenses		-		-		313		300
Total costs and expenses		26,756		24,183		3,394		2,805
Earnings (loss) from continuing operations before income taxes		3,847		2,395		(623)		(115)
Benefit (provision) for income taxes		(648)		(583)		168		(216)
Earnings (loss) from continuing operations		3,200		1,811		(454)		(331)
Earnings (loss) from discontinued operations, net of taxes (Note 2)		(544)		(3,039)		(541)		(2,944)
Net earnings (loss)		2,656		(1,227)		(995)		(3,275)
Less net earnings (loss) attributable to noncontrolling interests		(82)		132		(4)		93
Net earnings (loss) attributable to the Company		2,738		(1,360)		(991)		(3,368)
Preferred stock dividends		-		-		(152)		(161)
Net earnings (loss) attributable to GE common shareowners	$	2,738	$	(1,360)	$	(1,143)	$	(3,529)
Amounts attributable to GE common shareowners:
Earnings (loss) from continuing operations	$	3,200	$	1,811	$	(454)	$	(331)
Less net earnings (loss) attributable to noncontrolling interests,
continuing operations		(82)		132		(7)		1
Earnings (loss) from continuing operations attributable to the Company		3,281		1,679		(448)		(332)
Preferred stock dividends		-		-		(152)		(161)
Earnings (loss) from continuing operations attributable
to GE common shareowners		3,281		1,679		(600)		(493)
Earnings (loss) from discontinued operations, net of taxes		(544)		(3,039)		(541)		(2,944)
Less net earnings (loss) attributable to
noncontrolling interests, discontinued operations		-		-		3		92
Net earnings (loss) attributable to GE common shareowners	$	2,738	$	(1,360)	$	(1,143)	$	(3,529)

(a) Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis. See Note 1.

(b) Includes revisions to previously reported amounts, which increased GE cost of goods sold and decreased GE cost of services sold by $728 million and $1,129 million for the three and six months ended June 30, 2015, respectively.

Amounts may not add due to rounding.

In the consolidating data on this page, "GE" means the basis of consolidation as described in Note 1 to the consolidated financial statements; "GE Capital" means GE Capital Global Holdings, LLC (GECGH) and its predecessor General Electric Capital Corporation (GECC) and all of their affiliates and associated companies. Separate information is shown for "GE" and "Financial Services (GE Capital)." Transactions between GE and GE Capital have been eliminated from the "General Electric Company and consolidated affiliates" columns on the prior page.

2016 2Q FORM 10-Q 63

STATEMENT OF EARNINGS (LOSS)
(UNAUDITED)
	Six months ended June 30
	General Electric Company
	and consolidated affiliates
(In millions; per-share amounts in dollars)	2016		2015
Revenues and other income
Sales of goods	$	36,073	$	35,143
Sales of services		17,269		14,596
Other income		3,158		922
GE Capital earnings (loss) from continuing operations		-		-
GE Capital revenues from services		4,838		4,804
Total revenues and other income		61,339		55,466
Costs and expenses
Cost of goods sold		30,278		28,550
Cost of services sold		12,466		10,705
Selling, general and administrative expenses		9,491		8,800
Interest and other financial charges		3,062		1,331
Investment contracts, insurance losses and
insurance annuity benefits		1,417		1,270
Other costs and expenses		562		578
Total costs and expenses		57,276		51,233
Earnings (loss) from continuing operations before income taxes		4,063		4,233
Benefit (provision) for income taxes		(340)		(7,093)
Earnings (loss) from continuing operations		3,723		(2,860)
Earnings (loss) from discontinued operations, net of taxes (Note 2)		(849)		(11,883)
Net earnings (loss)		2,874		(14,743)
Less net earnings (loss) attributable to noncontrolling interests		(207)		190
Net earnings (loss) attributable to the Company		3,081		(14,933)
Preferred stock dividends		(441)		-
Net earnings (loss) attributable to GE common shareowners	$	2,639	$	(14,933)
Amounts attributable to GE common shareowners
Earnings (loss) from continuing operations	$	3,723	$	(2,860)
Less net earnings (loss) attributable to noncontrolling interests,
continuing operations		(210)		9
Earnings (loss) from continuing operations attributable to the Company		3,933		(2,869)
Preferred stock dividends		(441)		-
Earnings (loss) from continuing operations attributable
to GE common shareowners		3,492		(2,869)
Earnings (loss) from discontinued operations, net of taxes		(849)		(11,883)
Less net earnings (loss) attributable to noncontrolling interests,
discontinued operations		3		181
Net earnings (loss) attributable to GE common shareowners	$	2,639	$	(14,933)
Per-share amounts (Note 13)
Earnings (loss) from continuing operations
Diluted earnings (loss) per share	$	0.38	$	(0.29)
Basic earnings (loss) per share	$	0.38	$	(0.29)
Net earnings (loss)
Diluted earnings (loss) per share	$	0.28	$	(1.48)
Basic earnings (loss) per share	$	0.29	$	(1.48)
Dividends declared per common share	$	0.46	$	0.46

Amounts may not add due to rounding.

See Note 3 for other-than-temporary impairment amounts on investment securities.

See accompanying notes.

2016 2Q FORM 10-Q 64

STATEMENT OF EARNINGS (LOSS) (CONTINUED)
(UNAUDITED)
	Six months ended June 30
	GE(a)				Financial Services (GE Capital)
(In millions; per-share amounts in dollars)	2016		2015		2016		2015
Revenues and other income
Sales of goods	$	36,124	$	35,197	$	54	$	43
Sales of services		17,432		14,784		-		-
Other income		3,146		822		-		-
GE Capital earnings (loss) from continuing operations		(1,492)		(6,053)		-		-
GE Capital revenues from services		-		-		5,602		5,513
Total revenues and other income		55,210		44,748		5,656		5,556
Costs and expenses
Cost of goods sold(b)		30,339		28,606		44		40
Cost of services sold(b)		11,509		9,827		1,120		1,066
Selling, general and administrative expenses		8,214		7,486		1,607		1,597
Interest and other financial charges		1,007		803		2,389		762
Investment contracts, insurance losses and
insurance annuity benefits		-		-		1,486		1,347
Other costs and expenses		-		-		581		590
Total costs and expenses		51,069		46,722		7,227		5,402
Earnings (loss) from continuing operations before income taxes		4,141		(1,974)		(1,571)		153
Benefit (provision) for income taxes		(849)		(890)		509		(6,203)
Earnings (loss) from continuing operations		3,292		(2,864)		(1,062)		(6,050)
Earnings (loss) from discontinued operations, net of taxes (Note 2)		(852)		(12,064)		(849)		(11,879)
Net earnings (loss)		2,440		(14,927)		(1,911)		(17,929)
Less net earnings (loss) attributable to noncontrolling interests		(199)		6		(8)		184
Net earnings (loss) attributable to the Company		2,639		(14,933)		(1,903)		(18,113)
Preferred stock dividends		-		-		(441)		(161)
Net earnings (loss) attributable to GE common shareowners	$	2,639	$	(14,933)	$	(2,344)	$	(18,274)
Amounts attributable to GE common shareowners:
Earnings (loss) from continuing operations	$	3,292	$	(2,864)	$	(1,062)	$	(6,050)
Less net earnings (loss) attributable to noncontrolling interests,
continuing operations		(199)		6		(11)		3
Earnings (loss) from continuing operations attributable to the Company		3,492		(2,869)		(1,051)		(6,053)
Preferred stock dividends		-		-		(441)		(161)
Earnings (loss) from continuing operations attributable
to GE common shareowners		3,492		(2,869)		(1,492)		(6,215)
Earnings (loss) from discontinued operations, net of taxes		(852)		(12,064)		(849)		(11,879)
Less net earnings (loss) attributable to noncontrolling interests,
discontinued operations		-		-		3		181
Net earnings (loss) attributable to GE common shareowners	$	2,639	$	(14,933)	$	(2,344)	$	(18,274)

(a) Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis. See Note 1.

(b) Includes revisions to previously reported amounts, which increased GE cost of goods sold and decreased GE cost of services sold by $728 million and $1,129 million for the three and six months ended June 30, 2015, respectively.

Amounts may not add due to rounding.

In the consolidating data on this page, "GE" means the basis of consolidation as described in Note 1 to the consolidated financial statements; "GE Capital" means GE Capital Global Holdings, LLC (GECGH) and its predecessor General Electric Capital Corporation (GECC) and all of their affiliates and associated companies. Separate information is shown for "GE" and "Financial Services (GE Capital)." Transactions between GE and GE Capital have been eliminated from the "General Electric Company and consolidated affiliates" columns on the prior page.

2016 2Q FORM 10-Q 65

GENERAL ELECTRIC COMPANY AND CONSOLIDATED AFFILIATES
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS)
(UNAUDITED)
	Three months ended June 30				Six months ended June 30
(In millions)		2016		2015		2016		2015
Net earnings (loss)	$	2,804	$	(1,134)	$	2,874	$	(14,743)
Less net earnings (loss) attributable to noncontrolling interests		(86)		225		(207)		190
Net earnings (loss) attributable to the Company	$	2,890	$	(1,360)	$	3,081	$	(14,933)
Other comprehensive income (loss)
Investment securities	$	397	$	(682)	$	617	$	(449)
Currency translation adjustments		55		1,815		57		(3,521)
Cash flow hedges		(25)		86		30		40
Benefit plans		382		2,951		933		3,860
Other comprehensive income (loss)		810		4,170		1,636		(70)
Less other comprehensive income (loss)
attributable to noncontrolling interests		3		12		6		(36)
Other comprehensive income (loss) attributable to the Company	$	807	$	4,158	$	1,631	$	(34)
Comprehensive income (loss)	$	3,614	$	3,035	$	4,510	$	(14,813)
Less comprehensive income (loss) attributable to noncontrolling interests		(82)		237		(201)		154
Comprehensive income (loss) attributable to the Company	$	3,696	$	2,798	$	4,711	$	(14,967)

Amounts may not add due to rounding.

Amounts presented net of taxes. See Note 12 for further information about other comprehensive income (loss) and noncontrolling interests.

See accompanying notes.

2016 2Q FORM 10-Q 66

GENERAL ELECTRIC COMPANY AND CONSOLIDATED AFFILIATES
CONSOLIDATED STATEMENT OF CHANGES IN SHAREOWNERS' EQUITY
(UNAUDITED)
	Six months ended June 30
(In millions)		2016		2015
Shareowners' equity balance at January 1	$	98,274	$	128,159
Net earnings (loss) attributable to the Company		3,081		(14,933)
Dividends and other transactions with shareowners		(4,680)		(4,644)
Redemption value adjustment for redeemable noncontrolling interests		(110)		(1)
Other comprehensive income (loss) attributable to the Company		1,631		(34)
Net sales (purchases) of shares for treasury		(12,585)		1,042
Changes in other capital		(618)		(86)
Ending balance at June 30		84,991		109,503
Noncontrolling interests		1,693		8,776
Total equity balance at June 30	$	86,684	$	118,279

Amounts may not add due to rounding.

See Note 12 for further information about changes in shareowners' equity.

See accompanying notes.

2016 2Q FORM 10-Q 67

STATEMENT OF FINANCIAL POSITION
	General Electric Company
	and consolidated affiliates
(In millions, except share amounts)	June 30, 2016		December 31, 2015
		(Unaudited)
Assets
Cash and equivalents	$	52,123	$	70,483
Investment securities (Note 3)		39,720		31,973
Current receivables		25,128		27,022
Inventories (Note 4)		24,723		22,515
Financing receivables – net (Note 5)		12,001		12,052
Other GE Capital receivables		6,684		6,782
Property, plant and equipment – net (Note 6)		50,436		54,095
Receivable from GE Capital (debt assumption)		-		-
Investment in GE Capital		-		-
Goodwill (Note 7)		67,097		65,526
Other intangible assets – net (Note 7)		16,650		17,797
Contract assets (Note 8)		23,458		21,156
All other assets		31,274		36,797
Deferred income taxes (Note 11)		2,242		3,105
Assets of businesses held for sale (Note 2)		59		2,818
Assets of discontinued operations (Note 2)		49,865		120,951
Total assets(a)	$	401,461	$	493,071
Liabilities and equity
Short-term borrowings (Note 9)	$	31,927	$	49,860
Accounts payable, principally trade accounts		13,115		13,680
Progress collections and price adjustments accrued		16,218		15,776
Dividends payable		2,105		2,167
Other GE current liabilities		20,420		23,597
Non-recourse borrowings of consolidated securitization entities (Note 9)		2,005		3,083
Long-term borrowings (Note 9)		122,504		144,659
Investment contracts, insurance liabilities and insurance annuity benefits		27,056		25,692
Non-current compensation and benefits		40,445		40,487
All other liabilities		21,475		23,611
Liabilities of businesses held for sale (Note 2)		56		861
Liabilities of discontinued operations (Note 2)		14,384		46,487
Total liabilities(a)		311,708		389,961
Redeemable noncontrolling interests (Note 12)		3,070		2,972
Preferred stock (5,944,250 shares outstanding at both June 30, 2016
and December 31, 2015)		6		6
Common stock (8,961,233,000 and 9,379,288,000 shares outstanding
at June 30, 2016 and December 31, 2015, respectively)		702		702
Accumulated other comprehensive income (loss) – net attributable to GE(b)
Investment securities		1,077		460
Currency translation adjustments		(5,448)		(5,499)
Cash flow hedges		(51)		(80)
Benefit plans		(10,476)		(11,410)
Other capital		36,995		37,613
Retained earnings		138,310		140,020
Less common stock held in treasury		(76,124)		(63,539)
Total GE shareowners' equity		84,991		98,274
Noncontrolling interests(c) (Note 12)		1,693		1,864
Total equity (Note 12)		86,684		100,138
Total liabilities, redeemable noncontrolling interests and equity	$	401,461	$	493,071

(a) Our consolidated assets at June 30, 2016 included total assets of $7,651 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 $4,368 million and investment securities of $1,516 million within continuing operations and assets of discontinued operations of $464 million. Our consolidated liabilities at June 30, 2016 included liabilities of certain VIEs for which the VIE creditors do not have recourse to GE. These liabilities included non-recourse borrowings of consolidated securitization entities (CSEs) of $2,005 million within continuing operations and non-recourse borrowings of CSEs within discontinued operations of $40 million. See Note 16.

(b) The sum of accumulated other comprehensive income (loss) (AOCI) attributable to the Company was $(14,898) million and $(16,529) million at June 30, 2016 and December 31, 2015, respectively.

(c) Included AOCI attributable to noncontrolling interests of $(259) million and $(264) million at June 30, 2016 and December 31, 2015, respectively.

Amounts may not add due to rounding.

See accompanying notes.

2016 2Q FORM 10-Q 68

STATEMENT OF FINANCIAL POSITION (CONTINUED)
	GE(a)				Financial Services (GE Capital)
(In millions, except share amounts)	June 30, 2016		December 31, 2015		June 30, 2016		December 31, 2015
		(Unaudited)				(Unaudited)
Assets
Cash and equivalents	$	9,931	$	10,372	$	42,192	$	60,111
Investment securities (Note 3)		110		151		39,615		31,827
Current receivables		13,992		14,707		-		-
Inventories (Note 4)		24,652		22,449		71		66
Financing receivables - net (Note 5)		-		-		23,998		25,003
Other GE Capital receivables		-		-		14,544		15,455
Property, plant and equipment – net (Note 6)		19,540		20,145		31,628		34,781
Receivable from GE Capital (debt assumption)(b)		65,186		84,704		-		-
Investment in GE Capital		33,837		46,227		-		-
Goodwill (Note 7)		64,727		63,157		2,370		2,370
Other intangible assets – net (Note 7)		16,294		17,365		356		435
Contract assets (Note 8)		23,458		21,156		-		-
All other assets		12,569		12,813		19,930		25,081
Deferred income taxes (Note 11)		7,451		7,666		(5,208)		(4,561)
Assets of businesses held for sale (Note 2)		59		2,818		-		-
Assets of discontinued operations (Note 2)		9		9		49,856		120,942
Total assets	$	291,814	$	323,737	$	219,352	$	311,508
Liabilities and equity
Short-term borrowings (Note 9)(b)	$	19,384	$	19,792	$	24,683	$	48,617
Accounts payable, principally trade accounts		18,103		19,250		1,853		1,745
Progress collections and price adjustments accrued		16,218		15,776		-		-
Dividends payable		2,105		2,167		-		-
Other GE current liabilities		20,420		23,595		-		-
Non-recourse borrowings of consolidated securitization entities (Note 9)		-		-		2,005		3,083
Long-term borrowings (Note9)(b)		70,134		83,309		106,636		128,478
Investment contracts, insurance liabilities and insurance annuity benefits		-		-		27,619		26,155
Non-current compensation and benefits		39,450		39,472		985		1,006
All other liabilities		16,514		16,217		7,028		9,351
Liabilities of businesses held for sale (Note 2)		56		1,409		-		-
Liabilities of discontinued operations (Note 2)		129		128		14,255		46,359
Total liabilities		202,511		221,115		185,064		264,795
Redeemable noncontrolling interests (Note 12)		3,070		2,972		-		-
Preferred stock (5,944,250 shares outstanding at both June 30, 2016
and December 31, 2015)		6		6		6		6
Common stock (8,961,233,000 and 9,379,288,000 shares outstanding
at June 30, 2016 and December 31, 2015, respectively)		702		702		-		-
Accumulated other comprehensive income (loss) - net attributable to GE
Investment securities		1,077		460		1,077		456
Currency translation adjustments		(5,448)		(5,499)		(923)		(898)
Cash flow hedges		(51)		(80)		(37)		(112)
Benefit plans		(10,476)		(11,410)		(530)		(540)
Other capital		36,995		37,613		12,602		12,326
Retained earnings		138,310		140,020		21,642		34,988
Less common stock held in treasury		(76,124)		(63,539)		-		-
Total GE shareowners' equity		84,991		98,274		33,837		46,227
Noncontrolling interests (Note 12)		1,242		1,378		451		486
Total equity (Notes 12)		86,233		99,651		34,288		46,713
Total liabilities, redeemable noncontrolling interests and equity	$	291,814	$	323,737	$	219,352	$	311,508

(a) Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis. See Note 1.

(b) 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. The short-term borrowings were $11,040 million (which includes an offset of $5,002 million short-term loan from GE Capital to GE) and $17,642 million and the long-term borrowings were $54,146 million and $67,062 million at June 30, 2016 and December 31, 2015, respectively. See Note 9 for additional information.

Amounts may not add due to rounding.

In the consolidating data on this page, "GE" means the basis of consolidation as described in Note 1 to the consolidated financial statements; "GE Capital" means GE Capital Global Holdings, LLC (GECGH) and its predecessor General Electric Capital Corporation (GECC) and all of their affiliates and associated companies. Separate information is shown for "GE" and "Financial Services (GE Capital)." Transactions between GE and GE Capital have been eliminated from the "General Electric Company and consolidated affiliates" columns on the prior page.

2016 2Q FORM 10-Q 69

STATEMENT OF CASH FLOWS
(UNAUDITED)
	Six months ended June 30
	General Electric Company
	and consolidated affiliates
(In millions)	2016		2015
Cash flows – operating activities
Net earnings (loss)	$	2,874	$	(14,743)
Less net earnings (loss) attributable to noncontrolling interests		(207)		190
Net earnings (loss) attributable to the Company		3,081		(14,933)
(Earnings) loss from discontinued operations		849		11,883
Adjustments to reconcile net earnings (loss) attributable to the
Company to cash provided from operating activities
Depreciation and amortization of property, plant and equipment		2,505		2,289
(Earnings) loss from continuing operations retained by GE Capital		-		-
Deferred income taxes		652		2,310
Decrease (increase) in GE current receivables		1,879		1,603
Decrease (increase) in inventories		(2,629)		(1,149)
Increase (decrease) in accounts payable		132		767
Increase (decrease) in GE progress collections		510		(1,076)
All other operating activities		(5,043)		1,238
Cash from (used for) operating activities – continuing operations		1,936		2,932
Cash from (used for) operating activities – discontinued operations		(4,849)		9,454
Cash from (used for) operating activities		(2,913)		12,385
Cash flows – investing activities
Additions to property, plant and equipment		(3,052)		(3,223)
Dispositions of property, plant and equipment		1,222		1,281
Net decrease (increase) in GE Capital financing receivables		(1,146)		437
Proceeds from sale of discontinued operations		42,874		17,528
Proceeds from principal business dispositions		5,609		222
Net cash from (payments for) principal businesses purchased		(206)		(1,723)
All other investing activities		(2,887)		10,233
Cash from (used for) investing activities – continuing operations		42,414		24,756
Cash from (used for) investing activities – discontinued operations		(10,646)		(8,209)
Cash from (used for) investing activities		31,768		16,547
Cash flows – financing activities
Net increase (decrease) in borrowings (maturities of 90 days or less)		758		(2,072)
Newly issued debt (maturities longer than 90 days)		855		13,136
Repayments and other debt reductions (maturities longer than 90 days)		(45,467)		(23,238)
Net dispositions (purchases) of GE shares for treasury		(14,292)		499
Dividends paid to shareowners		(4,508)		(4,635)
All other financing activities		(31)		(159)
Cash from (used for) financing activities – continuing operations		(62,685)		(16,470)
Cash from (used for) financing activities – discontinued operations		(711)		(2,240)
Cash from (used for) financing activities		(63,396)		(18,710)
Effect of currency exchange rate changes on cash and equivalents		(24)		(2,887)
Increase (decrease) in cash and equivalents		(34,565)		7,336
Cash and equivalents at beginning of year		90,878		91,017
Cash and equivalents at June 30		56,313		98,353
Less cash and equivalents of discontinued operations at June 30		4,190		19,992
Cash and equivalents of continuing operations at June 30	$	52,123	$	78,360

Amounts may not add due to rounding.

See accompanying notes.

2016 2Q FORM 10-Q 70

STATEMENT OF CASH FLOWS (CONTINUED)
(UNAUDITED)
	Six months ended June 30
	GE(a)				Financial Services (GE Capital)
(In millions)	2016		2015		2016		2015
Cash flows – operating activities
Net earnings (loss)	$	2,440	$	(14,927)	$	(1,911)	$	(17,929)
Less net earnings (loss) attributable to noncontrolling interests		(199)		6		(8)		184
Net earnings (loss) attributable to the Company		2,639		(14,933)		(1,903)		(18,113)
(Earnings) loss from discontinued operations		852		12,064		849		11,879
Adjustments to reconcile net earnings (loss) attributable to the
Company to cash provided from operating activities
Depreciation and amortization of property, plant and equipment		1,300		1,157		1,191		1,142
(Earnings) loss from continuing operations retained by GE Capital(b)		12,496		6,685		-		-
Deferred income taxes		273		(102)		379		2,412
Decrease (increase) in GE current receivables		280		(44)		-		-
Decrease (increase) in inventories		(2,623)		(1,135)		6		3
Increase (decrease) in accounts payable		(30)		219		10		338
Increase (decrease) in GE progress collections		510		(1,089)		-		-
All other operating activities		(5,009)		1,127		(91)		218
Cash from (used for) operating activities – continuing operations		10,689		3,950		440		(2,122)
Cash from (used for) operating activities – discontinued operations		-		(11)		(4,848)		9,465
Cash from (used for) operating activities		10,689		3,939		(4,408)		7,343
Cash flows – investing activities
Additions to property, plant and equipment		(1,940)		(1,889)		(1,264)		(1,680)
Dispositions of property, plant and equipment		539		376		865		1,090
Net decrease (increase) in GE Capital financing receivables		-		-		1,191		1,827
Proceeds from sale of discontinued operations		-		-		42,874		17,528
Proceeds from principal business dispositions		4,836		222		-		-
Net cash from (payments for) principal businesses purchased		(206)		(46)		-		(1,677)
All other investing activities		(1,054)		(783)		(6,345)		11,636
Cash from (used for) investing activities – continuing operations		2,175		(2,119)		37,321		28,724
Cash from (used for) investing activities – discontinued operations		-		10		(10,646)		(8,219)
Cash from (used for) investing activities		2,175		(2,110)		26,675		20,505
Cash flows – financing activities
Net increase (decrease) in borrowings (maturities of 90 days or less)		601		248		31		(2,614)
Newly issued debt (maturities longer than 90 days)		5,126		3,654		715		9,482
Repayments and other debt reductions (maturities longer than 90 days)		(179)		(128)		(45,288)		(23,111)
Net dispositions (purchases) of GE shares for treasury		(14,292)		499		-		-
Dividends paid to shareowners		(4,324)		(4,634)		(11,184)		(611)
All other financing activities		(108)		190		(57)		(189)
Cash from (used for) financing activities – continuing operations		(13,177)		(171)		(55,783)		(17,043)
Cash from (used for) financing activities – discontinued operations		-		-		(711)		(2,240)
Cash from (used for) financing activities		(13,177)		(171)		(56,494)		(19,283)
Effect of currency exchange rate changes on cash and equivalents		(127)		(553)		103		(2,334)
Increase (decrease) in cash and equivalents		(440)		1,106		(34,124)		6,231
Cash and equivalents at beginning of year		10,372		15,916		80,506		75,100
Cash and equivalents at June 30		9,931		17,022		46,382		81,331
Less cash and equivalents of discontinued operations at June 30		-		-		4,190		19,992
Cash and equivalents of continuing operations at June 30	$	9,931	$	17,022	$	42,192	$	61,339

(a) Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis.

(b) Represents GE Capital earnings/loss from continuing operations attributable to the Company, net of GE Capital dividends paid to GE.

Amounts may not add due to rounding.

In the consolidating data on this page, "GE" means the basis of consolidation as described in Note 1 to the consolidated financial statements; "GE Capital" means GE Capital Global Holdings, LLC (GECGH) and its predecessor General Electric Capital Corporation (GECC) and all of their affiliates and associated companies. Separate information is shown for "GE" and "Financial Services (GE Capital)." Transactions between GE and GE Capital have been eliminated from the "Consolidated" columns and are discussed in Note 17.

2016 2Q FORM 10-Q 71

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1. BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

BASIS OF PRESENTATION

The accompanying consolidated financial statements represent the consolidation of General Electric Company (the Company) and all companies that we directly or indirectly control, either through majority ownership or otherwise. See Note 1 to the consolidated financial statements inour Form 8-K filed on June 3, 2016 related to the Annual Report on Form 10-K for the year ended December 31, 2015 that discusses our consolidation and financial statement presentation. As used in this report on Form 10-Q (Report), "GE" represents the adding together of all affiliated companies except other than GE Capital (GE Capital or Financial Services), whose continuing operations are presented on a one-line basis; GE Capital consists of General Capital Global Holdings, LLC (GECGH) and all of its affiliates; and "Consolidated" represents the adding together of GE and GE Capital with the effects of transactions between the two eliminated. Unless otherwise indicated, we refer to the caption revenues and other income simply as "revenues" throughout this Form 10-Q.

We have reclassified certain prior-period amounts to conform to the current-period presentation. Certain columns and rows may not add due to the use of rounded numbers. Percentages presented are calculated from the underlying numbers in millions. Unless otherwise indicated, information in these notes to the consolidated financial statements relates to continuing operations.

INTERIM PERIOD PRESENTATION

The consolidated financial statements and notes thereto are unaudited. These statements include all adjustments (consisting of normal recurring accruals) that we considered necessary to present a fair statement of our results of operations, financial position and cash flows. The results reported in these consolidated financial statements should not be regarded as necessarily indicative of results that may be expected for the entire year. It is suggested that these consolidated financial statements be read in conjunction with the financial statements and notes thereto included in our 2015 consolidated financial statements of our Annual Report on Form 10-K.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Please refer to Note 1, Basis of Presentation and Summary of Significant Accounting Policies, to the consolidated financial statements of our 2015 Form 10-K Report for the discussion of our significant accounting policies.

ACCOUNTING CHANGES

On January 1, 2016, we adopted ASU 2015-16, Simplifying the Accounting for Measurement-Period Adjustments, which eliminated the requirement for an acquirer in a business combination to account for measurement-period adjustments retrospectively. See Note 7 for further discussion of the purchase accounting effects of recent acquisitions.

On January 1, 2016, we adopted ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs, which requires that debt issuance costs related to a recognized debt liability to be presented on the balance sheet as a direct deduction from the debt liability, similar to the presentation of debt premiums and discounts. ASU 2015-03 applies retrospectively and does not change the recognition and measurement requirements for debt issuance costs. The adoption of ASU 2015-03 resulted in the reclassification of $674 million of unamortized debt issuance costs related to the Company's borrowings from all other assets to short-term and long-term borrowings within our consolidated balance sheet as of December 31, 2015.

On January 1, 2016, we adopted ASU 2015-02, Amendments to the Consolidation Analysis. The ASU amended the consolidation guidance for VIEs and general partners' investment in limited partnerships and modified the evaluation of whether limited partnerships and similar legal entities are VIEs or voting interest entities.

2016 2Q FORM 10-Q 72

Upon adoption, we deconsolidated three investment funds managed by GE Asset Management (GEAM) that had been accounted for under the guidance prior to the issuance of ASU 2009-17, Improvements to Financial Reporting by Enterprises Involved with Variable Interest Entities, by virtue of the deferral provided by ASU 2010-10, Amendments for Certain Investment Funds. We concluded that GEAM's management contracts were no longer variable interests in the three investment funds and therefore continued consolidation was not appropriate. We deconsolidated net assets and noncontrolling interests of $123 million, respectively.

In addition, many of the limited partnerships in which EFS invests became VIEs because the limited partners have no participating rights or substantive removal rights over the general partners. The general partners continue to control these limited partnerships, however, our disclosed exposure to unconsolidated VIEs in Note 16 increased by $6,110 million as a result.

ACCELERATED SHARE REPURCHASE AGREEMENTS

During 2016, we entered into accelerated share repurchase (ASR) agreements to repurchase shares of GE common stock. Under an ASR agreement, the Company pays a specified amount to a financial institution and receives an initial delivery of shares based on the terms of the agreement. Upon settlement of the agreement, the financial institution delivers additional shares, or the Company returns shares, with the final net number of shares calculated based on the volume-weighted average price of GE common stock over the term of the agreement, less an agreed upon discount. When certain conditions are met, the transaction is accounted for as an equity transaction and the shares are included in treasury stock when received, at which time there is an immediate reduction in the weighted- average number of common shares used in calculating earnings per share. See Note 12 for additional information.

NOTE 2. BUSINESSES HELD FOR SALE AND DISCONTINUED OPERATIONS

ASSETS AND LIABILITIES OF BUSINESSES HELD FOR SALE

On January 15, 2016, we announced the signing of an agreement to sell our Appliances business to Qingdao Haier Co., Ltd. (Haier). On June 6, 2016, we completed the sale for proceeds of $5,568 million and recognized an after-tax gain of $1,834 million in the second quarter.

On March 30, 2016, we announced an agreement to sell GE Asset Management (GEAM), GE's asset management arm with assets under management of approximately $100 billion, to State Street Corporation. On July 1, 2016, we completed the sale for proceeds of $436 million. Net sale proceeds associated with U.S. pension plans will be deposited into the GE Pension Trust, increasing trust assets used to pay GE pension plan benefits. There is a potential to realize up to $48 million in additional proceeds if the management of assets for more pension plans transfers to the buyer.

FINANCIAL INFORMATION FOR ASSETS AND LIABILITIES OF BUSINESSES HELD FOR SALE
(In millions)	June 30, 2016		December 31, 2015
Assets
Current receivables	$	35	$	79	(a)
Inventories		-		583
Property, plant, and equipment – net		12		1,208
Goodwill		-		370
Other intangible assets – net		6		162
Other		6		416
Assets of businesses held for sale	$	59	$	2,818
Liabilities
Accounts payable	$	6	$	503	(a)
Other current liabilities		32		325
Other		17		33
Liabilities of businesses held for sale	$	56	$	861

(a) Certain transactions at our Appliances business were made on an arms-length basis with GE Capital, consisting primarily of GE customer receivables sold to GE Capital and GE Capital services for material procurement. These intercompany balances included within our held for sale businesses are reported in the GE and GE Capital columns of our financial statements, but are eliminated in deriving our consolidated financial statements.

2016 2Q FORM 10-Q 73

DISCONTINUED OPERATIONS

Discontinued operations primarily relate to our financial services businesses as a result of the GE Capital Exit Plan and include our Consumer business, most of our CLL business, our Real Estate business and our U.S. mortgage business (WMC). All of these operations were previously reported in the Capital segment. Results of operations, financial position and cash flows for these businesses are separately reported as discontinued operations for all periods presented.

We have entered into Transitional Service Agreements (TSA) with and provided certain indemnifications to buyers of GE Capital's assets. Under the TSAs, GE Capital provides various services for terms generally between 12 and 24 months and receives a level of cost reimbursement from the buyers.

At June 30, 2016, indemnifications amounted to $1,492 million, for which we have recognized related liabilities of $163 million. In addition, we provided $111 million of credit support, the vast majority on behalf of certain commercial customers aligned with signed disposal transactions scheduled to close in 2016, and recognized an insignificant liability at June 30, 2016.

FINANCIAL INFORMATION FOR DISCONTINUED OPERATIONS
	Three months ended June 30				Six months ended June 30
(In millions)		2016		2015		2016		2015
Operations
Total revenues and other income (loss)	$	568	$	6,829	$	1,861	$	12,289
Earnings (loss) from discontinued operations before income taxes	$	(240)	$	1,950	$	(160)	$	(2,743)
Benefit (provision) for income taxes		170		(493)		182		442
Earnings (loss) from discontinued operations, net of taxes	$	(70)	$	1,457	$	22	$	(2,301)
Disposal
Gain (loss) on disposal before income taxes	$	(295)	$	(3,384)	$	(540)	$	(7,036)
Benefit (provision) for income taxes		(177)		(1,021)		(331)		(2,546)
Gain (loss) on disposal, net of taxes	$	(472)	$	(4,405)	$	(871)	$	(9,582)
Earnings (loss) from discontinued operations, net of taxes(a)(b)	$	(541)	$	(2,947)	$	(849)	$	(11,883)

(a) The sum of GE industrial earnings (loss) from discontinued operations, net of taxes, and GE Capital earnings (loss) from discontinued operations, net of taxes, after adjusting for earnings (loss) attributable to noncontrolling interests related to discontinued operations, is reported within GE industrial earnings (loss) from discontinued operations, net of taxes, on the Consolidated Statement of Earnings (Loss).

(b) Earnings (loss) from discontinued operations attributable to the Company, before income taxes, was $(537) million and $(1,525) million for the three months ended June 30, 2016 and 2015, respectively, and $(703) million and $(9,960) million for the six months ended June 30, 2016 and 2015, respectively.

(In millions)	June 30, 2016		December 31, 2015
Assets
Cash and equivalents	$	4,190	$	20,395
Investment securities		6,141		8,478
Financing receivables – net		1,994		3,205
Other receivables		881		1,221
Property, plant and equipment – net		845		7,537
Goodwill		1,591		7,764
Other intangible assets - net		34		80
Deferred income taxes		2,101		2,447
Financing receivables held for sale		31,106		69,847
Valuation allowance on disposal group classified as discontinued operations		(3,062)		(6,374)
Other		4,044		6,350
Assets of discontinued operations	$	49,865	$	120,951
Liabilities
Short-term borrowings	$	609	$	739
Accounts payable		1,352		2,870
Non-recourse borrowings		40		3,994
Bank deposits		4,545		25,613
Long-term borrowings		558		730
All other liabilities		6,983		11,053
Deferred income taxes		248		1,437
Other		49		52
Liabilities of discontinued operations	$	14,384	$	46,487

2016 2Q FORM 10-Q 74

CONSUMER

In connection with the GE Capital Exit Plan, we announced the planned disposition of our Consumer business and classified the business as discontinued operations. We closed certain of our Consumer business dispositions (including the split-off of Synchrony Financial) in 2015. We expect to dispose of substantially all of the remaining Consumer business in 2016.

FINANCIAL INFORMATION FOR CONSUMER
	Three months ended June 30				Six months ended June 30
(In millions)		2016		2015		2016		2015
Operations
Total revenues and other income (loss)	$	258	$	3,527	$	685	$	5,585
Interest	$	(46)	$	(573)	$	(97)	$	(1,184)
Selling, general, and administrative expenses		(158)		(1,104)		(335)		(2,172)
Cost of services sold		-		-		-		-
Provision for losses on financing receivables		-		(761)		-		(3,869)
Investment contracts, insurance losses and insurance annuity benefits		(1)		(4)		(1)		(6)
Other costs and expenses		(62)		(114)		(64)		(240)
Earnings (loss) from discontinued operations, before income taxes		(9)		971		188		(1,886)
Benefit (provision) for income taxes		-		(168)		(101)		(8)
Earnings (loss) from discontinued operations, net of taxes	$	(9)	$	803	$	87	$	(1,894)
Disposal
Gain (loss) on disposal before income taxes	$	164	$	-	$	153	$	-
Benefit (provision) for income taxes		(164)		-		(240)		-
Gain (loss) on disposal, net of taxes	$	-	$	-	$	(87)	$	-
Earnings (loss) from discontinued operations, net of taxes(a)	$	(9)	$	803	$	-	$	(1,894)

(a) Earnings (loss) from discontinued operations attributable to the Company, before income taxes, was $153 million and $882 million for the three months ended June 30, 2016 and 2015, respectively, and $339 million and $(2,062) million for the six months ended June 30, 2016 and 2015, respectively.

COMMERCIAL LENDING AND LEASING

In connection with the GE Capital Exit Plan, we announced the planned disposition of most of our CLL business and classified this portion of the business as discontinued operations. We closed certain of our CLL business dispositions in 2015. We expect to dispose of substantially all of the remaining CLL business in 2016.

FINANCIAL INFORMATION FOR COMMERCIAL LENDING AND LEASING
	Three months ended June 30				Six months ended June 30
(In millions)		2016		2015		2016		2015
Operations
Total revenues and other income (loss)	$	314	$	3,070	$	1,201	$	5,973
Interest	$	(126)	$	(641)	$	(403)	$	(1,343)
Selling, general and administrative expenses		(421)		(1,046)		(1,046)		(1,942)
Cost of services sold		-		(403)		-		(1,735)
Provision for losses on financing receivables		-		(13)		(3)		(1,757)
Other costs and expenses		(23)		1		(15)		(96)
Earnings (loss) from discontinued operations, before income taxes		(256)		967		(265)		(900)
Benefit (provision) for income taxes		140		(309)		214		315
Earnings (loss) from discontinued operations, net of taxes	$	(116)	$	658	$	(51)	$	(585)
Disposal
Gain (loss) on disposal before income taxes	$	(465)	$	(3,380)	$	(630)	$	(5,225)
Benefit (provision) for income taxes		(10)		(949)		(154)		(1,927)
Gain (loss) on disposal, net of taxes	$	(475)	$	(4,329)	$	(784)	$	(7,152)
Earnings (loss) from discontinued operations, net of taxes(a)	$	(591)	$	(3,671)	$	(835)	$	(7,737)

(a) Earnings (loss) from discontinued operations attributable to the Company, before income taxes, was $(722) million and $(2,415) million for the three months ended June 30, 2016 and 2015, respectively, and $(897) million and $(6,128) million for the six months ended June 30, 2016 and 2015, respectively.

2016 2Q FORM 10-Q 75

REAL ESTATE

In connection with the GE Capital Exit Plan, we announced the planned disposition of our Real Estate business and classified the business as discontinued operations. We closed certain of our Real Estate business dispositions in 2015. We expect to dispose of substantially all of the remaining Real Estate business in 2016.

FINANCIAL INFORMATION FOR REAL ESTATE
	Three months ended June 30				Six months ended June 30
(In millions)		2016		2015		2016		2015
Operations
Total revenues and other income (loss)	$	15	$	313	$	25	$	812
Interest	$	(13)	$	(137)	$	(35)	$	(373)
Selling, general and administrative		(24)		(130)		(77)		(224)
Cost of services sold		-		-		-		(5)
Provision for losses on financing receivables		-		-		-		4
Other costs and expenses		(7)		(14)		(6)		(141)
Earnings (loss) from discontinued operations, before income taxes		(29)		32		(94)		74
Benefit (provision) for income taxes		38		13		57		43
Earnings (loss) from discontinued operations, net of taxes	$	9	$	45	$	(37)	$	117
Disposal
Gain (loss) on disposal before income taxes	$	6	$	(3)	$	(63)	$	(1,811)
Benefit (provision) for income taxes		(3)		(72)		62		(619)
Gain (loss) on disposal, net of taxes	$	3	$	(75)	$	(1)	$	(2,430)
Earnings (loss) from discontinued operations, net of taxes(a)	$	12	$	(30)	$	(38)	$	(2,313)

(a) Earnings (loss) from discontinued operations attributable to the Company, before income taxes, was $(23) million and $29 million for the three months ended June 30, 2016 and 2015, respectively, and $(156) million and $(1,738) million for the six months ended June 30, 2016 and 2015, respectively.

WMC

During the fourth quarter of 2007, we completed the sale of WMC, our U.S. mortgage business. WMC substantially discontinued all new loan originations by the second quarter of 2007, and is not a loan servicer. In connection with the sale, WMC retained certain representation and warranty obligations related to loans sold to third parties prior to the disposal of the business and contractual obligations to repurchase previously sold loans that had an early payment default. All claims received by WMC for early payment default have either been resolved or are no longer being pursued.

The remaining active claims have been brought by securitization trustees or administrators seeking recovery from WMC for alleged breaches of representations and warranties on mortgage loans that serve as collateral for residential mortgage-backed securities (RMBS). At June 30, 2016, such claims consisted of $2,688 million of individual claims generally submitted before the filing of a lawsuit (compared to $2,887 million at December 31, 2015) and $7,266 million of additional claims asserted against WMC in litigation without making a prior claim (Litigation Claims) (compared to $8,047 million at December 31, 2015). The total amount of these claims, $9,954 million, reflects the purchase price or unpaid principal balances of the loans at the time of purchase and does not give effect to pay downs or potential recoveries based upon the underlying collateral, which in many cases are substantial, nor to accrued interest or fees. As of June 30, 2016, these amounts do not include approximately $110 million of repurchase claims relating to alleged breaches of representations that are not in litigation and that are beyond the applicable statute of limitations. WMC believes that repurchase claims brought based upon representations and warranties made more than six years before WMC was notified of the claim would be disallowed in legal proceedings under applicable law and the June 11, 2015 decision of the New York Court of Appeals in ACE Securities Corp. v. DB Structured Products, Inc., on the statute of limitations period governing such claims.

2016 2Q FORM 10-Q 76

Reserves related to repurchase claims made against WMC were $860 million at June 30, 2016, reflecting a net increase to reserves in the three months ended June 30, 2016 of $27 million due to incremental provisions. The reserve estimate takes into account recent settlement activity and is based upon WMC's evaluation of the remaining exposures as a percentage of estimated lifetime mortgage loan losses within the pool of loans supporting each securitization for which timely claims have been asserted in litigation against WMC. Settlements in prior periods reduced WMC's exposure on claims asserted in certain securitizations and the claim amounts reported above give effect to these settlements.

ROLLFORWARD OF THE RESERVE
	Three months ended June 30				Six months ended June 30
(In millions)		2016		2015		2016		2015
Balance, beginning of period	$	833	$	814	$	875	$	809
Provision		27		11		84		18
Claim resolutions / rescissions		-		-		(99)		(2)
Balance, end of period	$	860	$	825	$	860	$	825

Given the significant litigation activity and WMC's continuing efforts to resolve the lawsuits involving claims made against WMC, it is difficult to assess whether future losses will be consistent with WMC's past experience. Adverse changes to WMC's assumptions supporting the reserve may result in an increase to these reserves. WMC estimates a range of reasonably possible loss from $0 to approximately $500 million over its recorded reserve at June 30, 2016. This estimate involves significant judgment and may not reflect the range of uncertainties and unpredictable outcomes inherent in litigation, including the matters discussed in Legal Proceedings and potential changes in WMC's legal strategy. This estimate excludes any possible loss associated with an adverse court decision on the applicable statute of limitations or an adverse outcome in the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) investigation discussed in Legal Proceedings, as WMC is unable at this time to develop such a meaningful estimate.

At June 30, 2016, there were 14 lawsuits involving claims made against WMC arising from alleged breaches of representations and warranties on mortgage loans included in 13 securitizations. The adverse parties in these cases are securitization trustees or parties claiming to act on their behalf. Although the alleged claims for relief vary from case to case, the complaints and counterclaims in these actions generally assert claims for breach of contract, indemnification, and/or declaratory judgment, and seek specific performance (repurchase of defective mortgage loan) and/or money damages. Adverse court decisions, including in cases not involving WMC, could result in new claims and lawsuits on additional loans. However, WMC continues to believe that it has defenses to the claims asserted in litigation, including, for example, based on causation and materiality requirements and applicable statutes of limitations. It is not possible to predict the outcome or impact of these defenses and other factors, any of which could materially affect the amount of any loss ultimately incurred by WMC on these claims.

WMC has also received indemnification demands, nearly all of which are unspecified, from depositors/underwriters/sponsors of RMBS in connection with lawsuits brought by RMBS investors concerning alleged misrepresentations in the securitization offering documents to which WMC is not a party or, in two cases, involving mortgage loan repurchase claims made against RMBS sponsors. WMC believes that it has defenses to these demands.

To the extent WMC is required to repurchase loans, WMC's loss also would be affected by several factors, including pay downs, accrued interest and fees, and the value of the underlying collateral. The reserve and estimate of possible loss reflect judgment, based on currently available information, and a number of assumptions, including economic conditions, claim and settlement activity, pending and threatened litigation, court decisions regarding WMC's legal defenses, indemnification demands, government activity, and other variables in the mortgage industry. Actual losses arising from claims against WMC could exceed these amounts and additional claims and lawsuits could result if actual claim rates, governmental actions, litigation and indemnification activity, adverse court decisions, actual settlement rates or losses WMC incurs on repurchased loans differ from its assumptions.

FINANCIAL INFORMATION FOR WMC
		Three months ended June 30				Six months ended June 30
(In millions)		2016		2015		2016		2015
Total revenues and other income (loss)	$	(18)	$	(5)	$	(58)	$	(5)
Earnings (loss) from discontinued operations, net of taxes	$	(20)	$	(10)	$	(52)	$	(16)

2016 2Q FORM 10-Q 77

NOTE 3. INVESTMENT SECURITIES

Substantially all of our investment securities are classified as available-for-sale. These comprise mainly investment-grade debt securities supporting obligations to annuitants and policyholders in our run-off insurance operations. We do not have any securities classified as held-to-maturity.

	June 30, 2016								December 31, 2015
			Gross		Gross						Gross		Gross
	Amortized		unrealized		unrealized		Estimated		Amortized		unrealized		unrealized		Estimated
(In millions)	cost		gains		losses		fair value		cost		gains		losses		fair value
GE
Debt
U.S. corporate	$	4	$	-	$	-	$	4	$	2	$	-	$	-	$	3
Corporate – non-U.S.		9		-		-		9		1		-		-		1
U.S. government and federal
agency		49		1		-		50		49		-		-		49
Equity		41		10		(4)		47		87		13		(2)		98
		103		11		(4)		110		139		14		(2)		151
GE Capital
Debt
U.S. corporate		20,718		4,177		(51)		24,844		19,971		2,669		(285)		22,355
State and municipal		3,885		731		(48)		4,568		3,910		407		(73)		4,245
Mortgage and asset-backed(a)		2,957		188		(23)		3,122		2,995		157		(35)		3,116
Corporate – non-U.S.		5,299		108		(4)		5,402		759		96		(9)		846
Government – non-U.S.		608		156		(1)		764		279		136		-		415
U.S. government and federal
agency		694		96		-		790		623		104		-		727
Equity		107		19		(1)		125		112		16		(4)		123
		34,268		5,475		(128)		39,615		28,648		3,585		(407)		31,827
Eliminations		(4)		-		-		(4)		(4)		-		-		(4)
Total	$	34,367	$	5,486	$	(133)	$	39,720	$	28,783	$	3,599	$	(409)	$	31,973

(a) Included residential mortgage-backed securities substantially collateralized by U.S. mortgages. At June 30, 2016, $535 million related to securities issued by government-sponsored entities and $19 million related to securities of private-label issuers. Securities issued by private-label issuers are collateralized primarily by pools of individual direct mortgage loans of financial institutions.

The fair value of investment securities increased to $39,720 million at June 30, 2016, from $31,973 million at December 31, 2015, primarily due to additional purchases of Corporate – non-U.S. debt securities and an increase in unrealized gains resulting from lower interest rates.

2016 2Q FORM 10-Q 78

ESTIMATED FAIR VALUE AND GROSS UNREALIZED LOSSES OF AVAILABLE-FOR-SALE INVESTMENT SECURITIES
	In loss position for
	Less than 12 months				12 months or more
			Gross				Gross
	Estimated		unrealized		Estimated		unrealized
(In millions)	fair value(a)		losses(a)(b)		fair value		losses(b)
June 30, 2016
Debt
U.S. corporate	$	229	$	(9)	$	689	$	(42)
State and municipal		-		-		159		(48)
Mortgage and asset-backed		250		(6)		168		(17)
Corporate – non-U.S.		718		-		31		(4)
Equity		28		(5)		-		-
Total	$	1,226	$	(21)	$	1,048	$	(111)	(c)
December 31, 2015
Debt
U.S. corporate	$	2,966	$	(218)	$	433	$	(67)
State and municipal		494		(20)		155		(53)
Mortgage and asset-backed		719		(20)		84		(16)
Corporate – non-U.S.		56		(4)		14		(4)
Equity		36		(6)		-		-
Total	$	4,271	$	(268)	$	686	$	(140)

(a) Includes the estimated fair value of and gross unrealized losses on equity securities held by GE. At June 30, 2016, the estimated fair value of and gross unrealized losses on equity securities were $18 million and $(4) million, respectively. At December 31, 2015, the estimated fair value of and gross unrealized losses on equity securities were $6 million and $(2) million, respectively.

(b) Included gross unrealized losses of $1 million related to securities that had other-than-temporary impairments previously recognized at June 30, 2016.

(c) Includes debt securities held to support obligations to holders of Guaranteed Investment Contracts (GICs) of which the majority are considered to be investment-grade by the major rating agencies at June 30, 2016.

Unrealized losses are not indicative of the amount of credit loss that would be recognized and at June 30, 2016 are primarily due to increases in market yields subsequent to our purchase of the securities. We presently do not intend to sell the vast majority of our debt securities that are in an unrealized loss position and believe that it is not more likely than not that we will be required to sell the vast majority of these securities before anticipated recovery of our amortized cost. The methodologies and significant inputs used to measure the amount of credit loss for our investment securities during 2016 have not changed.

Our corporate debt portfolio comprises securities issued by public and private corporations in various industries, primarily in the U.S. Substantially all of our corporate debt securities are rated investment grade by the major rating agencies.

Mortgage and asset-backed securities substantially comprise of commercial and residential mortgage-backed securities.

Our commercial mortgage-backed securities (CMBS) portfolio is collateralized by both diversified pools of mortgages that were originated for securitization (conduit CMBS) and pools of large loans backed by high-quality properties (large loan CMBS), less than half of which were originated in 2008 and prior. The vast majority of the securities in our CMBS portfolio have investment-grade credit ratings.

Our residential mortgage-backed securities (RMBS) portfolio is collateralized primarily by pools of individual, direct mortgage loans, of which substantially all are in a senior position in the capital structure of the deals, not other structured products such as collateralized debt obligations. Of the total RMBS held at June 30, 2016, $535 million and $19 million related to agency and non-agency securities, respectively. Additionally, $53 million was related to residential subprime credit securities, primarily supporting obligations to annuitants and policyholders in our run-off insurance operations. All of the subprime exposure is related to securities backed by mortgage loans originated in 2005 and prior and are investment grade.

2016 2Q FORM 10-Q 79

PRE-TAX, OTHER-THAN-TEMPORARY IMPAIRMENTS ON INVESTMENT SECURITIES
	Three months ended June 30				Six months ended June 30
(In millions)	2016		2015		2016		2015
Total pre-tax, OTTI recognized	$	1	$	29	$	18	$	32
Pre-tax, OTTI recognized in AOCI		-		-		-		-
Pre-tax, OTTI recognized in earnings(a)	$	1	$	29	$	18	$	32

(a) Included pre-tax, other-than-temporary impairments recorded in earnings related to equity securities of $1 million and none in the three months ended June 30, 2016 and 2015, respectively and $9 million and none in the six months ended June 30, 2016 and 2015, respectively.

CONTRACTUAL MATURITIES OF INVESTMENT IN AVAILABLE-FOR-SALE DEBT SECURITIES
(EXCLUDING MORTGAGE AND ASSET-BACKED SECURITIES)
	Amortized		Estimated
(In millions)	cost		fair value
Due
Within one year	$	5,218	$	5,226
After one year through five years		3,901		4,167
After five years through ten years		4,521		5,070
After ten years		17,626		21,968

We expect actual maturities to differ from contractual maturities because borrowers have the right to call or prepay certain obligations.

GROSS REALIZED GAINS AND LOSSES ON AVAILABLE-FOR-SALE INVESTMENT SECURITIES
	Three months ended June 30				Six months ended June 30
(In millions)	2016		2015		2016		2015
GE
Gains	$	1	$	1	$	5	$	1
Losses, including impairments		(1)		(14)		(10)		(14)
Net		-		(13)		(5)		(13)
GE Capital
Gains		35		6		36		97
Losses, including impairments		(11)		(21)		(30)		(35)
Net		24		(15)		6		63
Total	$	24	$	(28)	$	2	$	50

Although we generally do not have the intent to sell any specific securities at the end of the period, in the ordinary course of managing our investment securities portfolio, we may sell securities prior to their maturities for a variety of reasons, including diversification, credit quality, yield and liquidity requirements and the funding of claims and obligations to policyholders.

Proceeds from investment securities sales and early redemptions by issuers totaled $624 million and $540 million in the three months ended June 30, 2016 and 2015, respectively, principally from sales of U.S. corporate and Mortgage and asset-backed securities by our run-off insurance operations.

Proceeds from investment securities sales and early redemptions by issuers totaled $868 million and $2,597 million in the six months ended June 30, 2016 and 2015, respectively, principally from sales of Mortgage and asset-backed and U.S. corporate securities by our run-off insurance operations and Trinity.

2016 2Q FORM 10-Q 80

NOTE 4. INVENTORIES

(In millions)	June 30, 2016		December 31, 2015
Raw materials and work in process	$	14,650	$	13,415
Finished goods		9,305		8,265
Unbilled shipments		512		628
		24,467		22,308
Revaluation to LIFO		257		207
Total inventories	$	24,723	$	22,515

NOTE 5. GE CAPITAL FINANCING RECEIVABLES AND ALLOWANCE FOR LOSSES ON FINANCING RECEIVABLES

FINANCING RECEIVABLES, NET
(In millions)	June 30, 2016		December 31, 2015
Loans, net of deferred income	$	19,045	$	20,115
Investment in financing leases, net of deferred income		5,027		4,969
		24,071		25,084
Allowance for losses		(74)		(81)
Financing receivables – net(a)	$	23,998	$	25,003

(a) Included $11.8 billion and $12.9 billion of receivables sold by GE to GE Capital at June 30, 2016 and December 31, 2015, respectively.

ALLOWANCE FOR LOSSES
(In millions)		2016		2015
Balance at January 1	$	81	$	93
Provision		19		29
Net write-offs(a)		(26)		(40)
Other(b)		-		9
Balance at June 30	$	74	$	91

(a) Net write-offs (gross write-offs less recoveries) in certain portfolios may exceed the beginning allowance for losses as a result of losses that are incurred subsequent to the beginning of the fiscal year due to information becoming available during the current year, which may identify further deterioration on existing financing receivables.

(b) Other primarily includes the effects of currency exchange.

We manage our financing receivable portfolio using delinquency and nonaccrual data as key performance indicators. At June 30, 2016, $1,036 million (4.3%), $483 million (2.0%) and $354 million (1.5%) of financing receivables were over 30 days past due, over 90 days past due and on nonaccrual, respectively. Of the $354 million of nonaccrual financing receivables at June 30, 2016, primarily related to aviation financing, $102 million are currently paying in accordance with the contractual terms. At December 31, 2015, $622 million (2.5%), $201 million (0.8%) and $256 million (1.0%) of financing receivables were over 30 days past due, over 90 days past due and on nonaccrual, respectively.

The recorded investment in impaired loans at June 30, 2016 and December 31, 2015 was $263 million and $175 million, respectively, and was primarily related to aviation financing. The method used to measure impairment for these loans is primarily based on collateral value. At June 30, 2016, troubled debt restructurings included in impaired loans were $99 million, the vast majority related to aviation financing.

2016 2Q FORM 10-Q 81

NOTE 6. PROPERTY, PLANT AND EQUIPMENT

(In millions)	June 30, 2016		December 31, 2015
Original cost	$	86,317	$	90,023
Less accumulated depreciation and amortization		(35,881)		(35,928)
Property, plant and equipment – net	$	50,436	$	54,095

Consolidated depreciation and amortization on property, plant and equipment was $1,294 million and $1,188 million in the three months ended June 30, 2016 and 2015, respectively, and $2,505 million and $2,289 million in the six months ended June 30, 2016 and 2015, respectively.

NOTE 7. ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS

ACQUISITIONS

On November 2, 2015, we acquired the Thermal, Renewables and Grid businesses from Alstom. The purchase price was €9,200 million ($10,124 million), net of cash acquired of approximately €1,600 million ($1,765 million). In order to obtain approval by the European Commission and the Department of Justice, GE pledged to sell certain of Alstom's gas-turbine assets and its Power Systems Manufacturing subsidiary to Ansaldo Energia SpA (Ansaldo) after the close of the transaction for approximately €120 million. The purchase price will be paid by Ansaldo over a period of five years. The transaction closed on February 25, 2016.

We formed three consolidated joint ventures with Alstom in grid technology, renewable energy, and global nuclear and French steam power. In addition, GE contributed its Digital Energy business to the grid technology joint venture.

Alstom holds redemption rights with respect to its interest in the grid technology and renewable energy joint ventures, which, if exercised, would require us to purchase all of their interest during September 2018 or September 2019. Alstom also holds similar redemption rights for the global nuclear and French steam power joint venture that are exercisable during the first full calendar quarter immediately following the fifth or sixth anniversary of the acquisition date. The redemption price would generally be equal to Alstom's initial investment plus annual accretion of 3% for the grid technology and renewable energy joint ventures and plus annual accretion of 2% for the nuclear and French steam power joint venture, with potential upside sharing based on an EBITDA multiple. Alstom also holds additional redemption rights in other limited circumstances as well as a call option to require GE to sell all of its interests in the renewable energy joint venture at the higher of fair value or Alstom's initial investment plus annual accretion of 3% during the month of May in the years 2016 through 2019 and also upon a decision to IPO the joint venture.

GE holds a call option on Alstom's interest in the global nuclear and French steam power joint venture at the same amount as Alstom's redemption price in the event that Alstom exercises its put option in the grid technology or renewable energy joint ventures. GE also has call options on Alstom's interest in the three joint ventures in other limited circumstances. In addition, the French Government holds a preferred interest in the global nuclear and French steam power joint venture, giving it certain protective rights.

The acquisition and alliances with Alstom will have a significant effect on our Power, Energy Connections and Renewable Energy segments, and to a lesser extent our Oil & Gas segment. The financial impact of acquired businesses on individual segments will be affected by a number of variables, including operating performance, purchase accounting effects and realized synergies. In addition, due to the amount of time that elapsed between signing and closing, the commercial operations of the businesses were negatively affected primarily as a result of uncertainty among Alstom customers regarding the execution of the transaction. This affected the overall valuation of the acquired businesses at the time of close and, accordingly, is reflected in the initial and adjusted amounts assigned to the assets and liabilities recorded in purchase accounting. In addition, the amount of goodwill recognized compared with identifiable intangible assets is affected by estimated GE-specific synergies, which are not permitted to be included in the measurement of identifiable intangibles. Such synergies include additional revenue from cross-selling complementary product lines.

2016 2Q FORM 10-Q 82

ALSTOM ACQUISITION ACCOUNTING UPDATE

The total consideration for the acquired businesses, at the time of close included our purchase price of $10,124 million (net of cash acquired) and a preliminary valuation of noncontrolling interests, of approximately $3,600 million for a total of approximately $13,700 million. In the fourth quarter of 2015, the preliminary allocation of purchase price resulted in goodwill, intangible assets and unfavorable customer contract liabilities of approximately $13,500 million, $5,200 million, and $1,100 million respectively. The preliminary fair value of the associated noncontrolling interests consisted of approximately $2,900 million for Alstom's redeemable noncontrolling interests in the three joint ventures (presented separately from total equity in the consolidated balance sheet) and $700 million for all other noncontrolling interests.

Through the second quarter of 2016, we adjusted the preliminary allocation of purchase price which resulted in goodwill, intangible assets, and unfavorable customer contract liabilities, of approximately $14,750 million, $4,500 million, and $1,200 million respectively. These adjustments, which are necessary to reflect acquired assets and liabilities of the acquired businesses at fair value, reflected revisions in estimates in the first and second quarters of 2016, primarily related to updated revenue and cost assumptions for customer contracts, and other fair value adjustments related to acquired assets and liabilities. The approximate amounts of other significant purchase accounting adjustments recorded since the date of acquisition include a reduction in the book value of assets sold to Ansaldo of $400 million, adjustments to the fair value of derivative contracts of $350 million, decreases in inventory balances of $350 million, increase to legal reserves of $300 million, increases to property, plant and equipment of approximately $200 million and a reduction in the book value of aged accounts receivable of approximately $150 million. In addition, the preliminary fair value of Alstom's redeemable noncontrolling interests was increased by approximately $100 million to approximately $3,000 million and all other noncontrolling interests decreased by $100 million to approximately $600 million.

In addition to purchase price allocation based on the fair value of acquired assets and liabilities, other adjustments are necessary to reflect differences between IFRS and US GAAP, as applied to differences in facts and circumstances between those businesses as part of Alstom and as part of GE post acquisition. The table below presents approximate consideration paid, amounts of assets acquired and liabilities assumed as of the acquisition date, inclusive of the purchase accounting adjustments and IFRS to US GAAP adjustments recorded as of June 30, 2016, and the fair value of the non-controlling interest.

ASSETS ACQUIRED AND LIABILITIES ASSUMED AT THE ACQUISITION DATE
	Approximate
	balance at
(in millions)	June 30, 2016
Assets
Cash and equivalents	$	1,750
Current receivables		4,050
Inventories		4,750
Property, plant and equipment		2,900
Goodwill		14,750
Other intangible assets		4,500
All other assets, net(a)		3,950
Total Assets	$	36,650
Liabilities
Accounts payable	$	1,900
Progress collections		2,950
Accrued contract liabilities		8,600
All other liabilities(b)		7,700
Total Liabilities		21,150
Redeemable noncontrolling interests		3,000
Noncontrolling interest		600
Total purchase price		11,900
Cash acquired		1,750
Total purchase price, net of cash acquired	$	10,100

(a) Includes approximately $450 million of net deferred tax assets, including approximately $50 million of non-U.S. loss carry forwards net of valuation allowances and offsetting liabilities for unrecognized benefits. Also includes approximately $150 million of indemnification receivables for liabilities for unrecognized income tax benefits and other tax uncertainties.

(b) Includes approximately $750 million of liabilities for unrecognized income tax benefits and other uncertain taxes and approximately $750 million of pension and other employee related costs.

Given the timing and complexity of the acquisition, the presentation of these businesses in our financial statements including the allocation of the purchase price is not yet final. Although we believe we have recorded a substantial majority of the purchase accounting adjustments as of the end of the second quarter of 2016, our review is continuing on a number of customer contracts, valuation of acquired property, plant and equipment, and evaluation of litigation claims and legacy compliance actions related to Alstom, among other areas. We are seeking to ascertain and substantiate the nature of potential adjustments to the acquisition date balance sheet, which include, but are not limited to, the aforementioned differences between IFRS and US GAAP. We expect to record additional purchase accounting adjustments in the third quarter and will complete our post-closing procedures and purchase price allocation no later than the fourth quarter of 2016.

2016 2Q FORM 10-Q 83

CHANGES IN GOODWILL BALANCES
					Dispositions,
					currency
	Balance at				exchange		Balance at
(In millions)	January 1, 2016		Acquisitions (a)		and other		June 30, 2016
Power	$	16,736	$	1,147	$	(24)	$	17,859
Renewable Energy		2,580		28		(11)		2,596
Oil & Gas		10,594		-		7		10,601
Energy Connections		6,227		156		30		6,412
Aviation		8,567		-		67		8,635
Healthcare		17,353		98		(15)		17,436
Transportation		851		-		7		858
Appliances & Lighting		214		64		17		295
Capital		2,370		-		1		2,370
Corporate		34		-		(1)		34
Total	$	65,526	$	1,492	$	79	$	67,097

(a)Goodwill balances associated with Alstom and their allocations to segments are preliminary.

Goodwill balances increased by $1,571 million in 2016, primarily as a result of the Alstom acquisition purchase accounting adjustments.

2016 2Q FORM 10-Q 84

OTHER INTANGIBLE ASSETS

OTHER INTANGIBLE ASSETS - NET
(In millions)	June 30, 2016		December 31, 2015
Intangible assets subject to amortization	$	16,550	$	17,688
Indefinite-lived intangible assets(a)		100		109
Total	$	16,650	$	17,797

(a) Indefinite-lived intangible assets principally comprise trademarks and in-process research and development.

INTANGIBLE ASSETS SUBJECT TO AMORTIZATION
	June 30, 2016						December 31, 2015
	Gross						Gross
	carrying		Accumulated				carrying		Accumulated
(In millions)	amount		amortization		Net		amount		amortization		Net
Customer-related	$	9,321	$	(2,297)	$	7,024	$	9,758	$	(2,113)	$	7,645
Patents and technology		8,497		(3,358)		5,139		8,543		(3,096)		5,447
Capitalized software		7,529		(4,339)		3,190		7,375		(4,136)		3,239
Trademarks		1,257		(314)		944		1,337		(282)		1,055
Lease valuations		125		(47)		78		167		(22)		145
Present value of future profits(a)		668		(668)		-		651		(651)		-
All other		330		(155)		175		267		(108)		159
Total	$	27,728	$	(11,177)	$	16,550	$	28,098	$	(10,408)	$	17,688

(a) Balances at June 30, 2016 and December 31, 2015 reflect adjustments of $253 million and $266 million, respectively, to the present value of future profits in our run-off insurance operation to reflect the effects that would have been recognized had the related unrealized investment securities holding gains and losses actually been realized.

Intangible assets subject to amortization decreased by $1,138 million in the six months ended June 30, 2016, primarily as a result of changes in the fair value of the acquired Alstom intangible assets and amortization.

GE amortization expense related to intangible assets subject to amortization was $450 million and $314 million in the three months ended June 30, 2016 and 2015, respectively, and $896 million and $643 million for the six months ended June 30, 2016 and 2015, respectively. GE Capital amortization expense related to intangible assets subject to amortization was $37 million and $31 million in the three months ended June 30, 2016 and 2015, respectively, and $70 million and $26 million for the six months ended June 30, 2016 and 2015, respectively.

NOTE 8. CONTRACT ASSETS

(In millions)		June 30, 2016		December 31, 2015
GE
Contract assets	$	23,458	$	21,156

Contract assets reflect revenues earned in excess of billings on our long-term contracts to construct technically complex equipment (such as gas power systems and aircraft engines), long-term product maintenance or extended warranty arrangements and other deferred contract related costs. Long-term product maintenance amounts are presented net of related billings in excess of revenues of $2,948 million and $2,602 million at June 30, 2016 and December 31, 2015, respectively.

2016 2Q FORM 10-Q 85

NOTE 9. BORROWINGS

(In millions)	June 30, 2016		December 31, 2015
Short-term borrowings
GE
Commercial paper	$	1,000	$	500
Current portion of long-term borrowings		16,183		17,770
Other		2,202		1,522
Total GE short-term borrowings(a)		19,384		19,792
GE Capital
Commercial paper
U.S.		5,002		650
Non-U.S.		-		4,351
Current portion of long-term borrowings		8,485		24,969
Intercompany payable to GE(b)		11,040		17,642
Other(c)		156		1,005
Total GE Capital short-term borrowings		24,683		48,617
Eliminations(b)		(12,141)		(18,549)
Total short-term borrowings	$	31,927	$	49,860
Long-term borrowings
GE
Senior notes	$	63,925	$	72,471
Subordinated notes		2,910		2,940
Subordinated debentures(d)		2,347		6,600
Other		952		1,298
Total GE long-term borrowings(a)		70,134		83,309
GE Capital
Senior notes		50,266		59,107
Subordinated notes		329		251
Intercompany payable to GE(b)		54,146		67,062
Other(c)		1,895		2,058
Total GE Capital long-term borrowings		106,636		128,478
Eliminations(b)		(54,266)		(67,128)
Total long-term borrowings	$	122,504	$	144,659
Non-recourse borrowings of consolidated securitization entities(e)	$	2,005	$	3,083
Total borrowings	$	156,436	$	197,602

(a) Excluding assumed debt of GE Capital, GE total borrowings is $19,331 million.

(b) The amount of the intercompany payable to GE was $65,186 million as of June 30, 2016, which includes a reduction in the short-term intercompany payable to GE for a $5,002 million loan in the second quarter of 2016 from GE Capital to GE, which bears the right of offset against amounts owed under the assumed debt agreement.

(c) Included $2,567 million and $2,679 million of funding secured by aircraft and other collateral at June 30, 2016 and December 31, 2015, respectively, of which $1,475 million and $1,534 million is non-recourse to GE Capital at June 30, 2016 and December 31, 2015, respectively.

(d) Included $2,347 million of subordinated debentures, which constitute the sole assets of trusts that have issued trust preferred securities and where GE owns 100% of the common securities of the trusts. Obligations associated with these trusts are unconditionally guaranteed by GE.

(e) Included $1,193 million and $918 million of current portion of long-term borrowings at June 30, 2016 and December 31, 2015, respectively. See Note 16.

2016 2Q FORM 10-Q 86

As discussed in Note 1, the adoption of ASU 2015-03 resulted in the reclassification of $674 million of unamortized debt issuance costs related to the Company's borrowings, of which $641 million was reclassified in long-term borrowings and $33 million was reclassified in short-term borrowings, within our consolidated balance sheet as of December 31, 2015.

On April 10, 2015, GE provided a full and unconditional guarantee on the payment of the principal and interest on all tradable senior and subordinated outstanding long-term debt securities and all commercial paper issued or guaranteed by GE Capital. $92.6 billion of such debt was assumed by GE on December 2, 2015 upon its merger with GE Capital resulting in an intercompany payable to GE. At June 30, 2016, the amount of the intercompany payable to GE was $65.2 billion, including $70.2 billion of borrowings assumed by GE and a reduction for a $5.0 billion short-term loan in the second quarter of 2016 from GE Capital to GE, which bears the right of offset against amounts owed under the assumed debt agreement.  The Guarantee applies to approximately $54.5 billion of GE Capital debt. Prior to the merger $36 billion (representing $31 billion of outstanding principal and $5 billion of premium) of GE Capital debt was exchanged into a new GE Capital international entity, including $16.4 billion, which matured on April 15, 2016.

Additional information about borrowings and associated swaps can be found in Notes 15 and 19.

2016 2Q FORM 10-Q 87

NOTE 10. POSTRETIREMENT BENEFIT PLANS

We sponsor a number of pension and retiree health and life insurance benefit plans. Principal pension plans are the GE Pension Plan and the GE Supplementary Pension Plan. Principal retiree benefit plans provide health and life insurance benefits to certain eligible participants and these participants share in the cost of the healthcare benefits. Other pension plans include the U.S. and non-U.S. pension plans with pension assets or obligations greater than $50 million. Smaller pension plans and other retiree benefit plans are not material individually or in the aggregate.

EFFECT ON OPERATIONS OF PENSION PLANS
	Principal pension plans
	Three months ended June 30				Six months ended June 30
(In millions)		2016		2015		2016		2015
Service cost for benefits earned	$	291	$	367	$	606	$	728
Prior service cost amortization		76		51		152		103
Expected return on plan assets		(836)		(827)		(1,670)		(1,652)
Interest cost on benefit obligations		735		696		1,469		1,391
Net actuarial loss amortization		612		820		1,224		1,645
Curtailment loss (gain)		(1)		-		(1)		71	(a)
Pension plans cost	$	877	$	1,107	$	1,780	$	2,286

(a)Curtailment loss resulting from GE Capital Exit Plan.

	Other pension plans
	Three months ended June 30				Six months ended June 30
(In millions)		2016		2015		2016		2015
Service cost for benefits earned	$	118	$	95	$	231	$	200
Prior service credit amortization		-		-		(1)		-
Expected return on plan assets		(259)		(205)		(522)		(414)
Interest cost on benefit obligations		168		130		340		263
Net actuarial loss amortization		65		71		129		145
Pension plans cost	$	92	$	91	$	177	$	194

EFFECT ON OPERATIONS OF PRINCIPAL RETIREE BENEFIT PLANS
	Principal retiree benefit plans
	Three months ended June 30					Six months ended June 30
(In millions)		2016		2015			2016		2015
Service cost for benefits earned	$	27	$	51		$	52	$	92
Prior service cost (credit) amortization		(41)		34			(82)		67
Expected return on plan assets		(11)		(12)			(22)		(24)
Interest cost on benefit obligations		63		100			126		201
Net actuarial loss (gain) amortization		(14)		2			(27)		3
Curtailment gain, net		-		(196)	(a)		-		(192)	(b)
Retiree benefit plans cost	$	24	$	(21)		$	47	$	147

(a)Curtailment gain resulting from a life insurance plan amendment.

(b)Included a curtailment gain resulting from a life insurance plan amendment and a curtailment loss resulting from the GE Capital Exit Plan.

2016 2Q FORM 10-Q 88

NOTE 11. INCOME TAXES

UNRECOGNIZED TAX BENEFITS
(In millions)	June 30, 2016		December 31, 2015
Unrecognized tax benefits	$	6,572	$	6,778
Portion that, if recognized, would reduce tax expense and effective tax rate(a)		4,164		4,723
Accrued interest on unrecognized tax benefits		945		805
Accrued penalties on unrecognized tax benefits		135		98
Reasonably possible reduction to the balance of unrecognized tax benefits
in succeeding 12 months		0-1,400		0-700
Portion that, if recognized, would reduce tax expense and effective tax rate(a)		0-800		0-200

(a) Some portion of such reduction may be reported as discontinued operations.

The Internal Revenue Service (IRS) is currently auditing our consolidated U.S. income tax returns for 2012-2013. In addition, certain other U.S. tax deficiency issues and refund claims for previous years are still unresolved. The IRS has disallowed the tax loss on our 2003 disposition of ERC Life Reinsurance Corporation. We have contested the disallowance of this loss. In April 2016, we reached a preliminary settlement of the case with the U.S. Department of Justice that is subject to further review and approval within the government. Consequently, it is reasonably possible that the unresolved items could be resolved during the next 12 months, which could result in a decrease in our balance of unrecognized tax benefits – that is, the aggregate tax effect of differences between tax return positions and the benefits recognized in our financial statements. We believe that there are no other jurisdictions in which the outcome of unresolved issues or claims is likely to be material to our results of operations, financial position or cash flows. We further believe that we have made adequate provision for all income tax uncertainties.

2016 2Q FORM 10-Q 89

NOTE 12. SHAREOWNERS' EQUITY

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
	Three months ended June 30				Six months ended June 30
(In millions)	2016		2015		2016		2015
Investment securities
Beginning balance	$	680	$	1,245	$	460	$	1,013
Other comprehensive income (loss) (OCI) before reclassifications –
net of deferred taxes of $222, $(365), $304 and $(210)		419		(692)		578		(405)
Reclassifications from OCI – net of deferred taxes
of $(9), $3, $31 and $(26)		(21)		10		39		(44)
Other comprehensive income (loss)(a)		397		(682)		617		(449)
Less OCI attributable to noncontrolling interests		-		(1)		-		-
Ending balance	$	1,077	$	564	$	1,077	$	564
Currency translation adjustments (CTA)
Beginning balance	$	(5,500)	$	(7,716)	$	(5,499)	$	(2,427)
OCI before reclassifications – net of deferred taxes
of $(50), $(201), $217 and $1,343		26		1,511		141		(3,828)
Reclassifications from OCI – net of deferred taxes
of $(39), $(150), $80 and $(151)		29		304		(85)		307
Other comprehensive income (loss)(a)		55		1,815		57		(3,521)
Less OCI attributable to noncontrolling interests		3		13		6		(34)
Ending balance	$	(5,448)	$	(5,914)	$	(5,448)	$	(5,914)
Cash flow hedges
Beginning balance	$	(26)	$	(226)	$	(80)	$	(180)
OCI before reclassifications – net of deferred taxes
of $2, $42, $(5) and $4		(15)		433		(40)		(493)
Reclassifications from OCI – net of deferred taxes
of $(4), $(68), $1 and $49		(10)		(347)		69		533
Other comprehensive income (loss)(a)		(25)		86		30		40
Less OCI attributable to noncontrolling interests		-		-		-		-
Ending balance	$	(51)	$	(140)	$	(51)	$	(140)
Benefit plans
Beginning balance	$	(10,859)	$	(15,667)	$	(11,410)	$	(16,578)
Prior service credit (costs) - net of deferred taxes
of $0, $1,194, $5 and $1,194		-		2,090		23		2,090
Net actuarial gain (loss) – net of deferred taxes
of $(65), $204, $(43) and $269		(80)		349		(12)		559
Net curtailment/settlement - net of deferred taxes
of $0, $(71), $0 and $(44)		(1)		(125)		(1)		(77)
Prior service cost amortization – net of deferred taxes
of $20, $38, $41 and $75		17		51		33		101
Net actuarial loss amortization – net of deferred taxes
of $217, $301, $433 and $605		447		586		890		1,187
Other comprehensive income (loss)(a)		382		2,951		933		3,860
Less OCI attributable to noncontrolling interests		-		-		(1)		(2)
Ending balance	$	(10,476)	$	(12,716)	$	(10,476)	$	(12,716)
Accumulated other comprehensive income (loss) at June 30	$	(14,898)	$	(18,206)	$	(14,898)	$	(18,206)

(a) Total other comprehensive income (loss) was $810 million and $4,170 million in the three months ended June 30, 2016 and 2015, respectively and $1,636 million and $(70) million in the six months ended June 30, 2016 and 2015, respectively.

2016 2Q FORM 10-Q 90

RECLASSIFICATION OUT OF AOCI
	Three months ended				Six months ended
	June 30				June 30
(In millions)	2016		2015		2016		2015		Statement of earnings caption
Available-for-sale securities
Realized gains (losses) on
sale/impairment of securities	$	30	$	(13)	$	(70)	$	70	Total revenues and other income(a)
Income taxes		(9)		3		31		(26)	Benefit (provision) for income taxes(b)
Net of tax	$	21	$	(10)	$	(39)	$	44
Currency translation adjustments
Gains (losses) on dispositions	$	10	$	(154)	$	5	$	(156)	Total revenues and other income(c)
Income taxes		(39)		(150)		80		(151)	Benefit (provision) for income taxes(d)
Net of tax	$	(29)	$	(304)	$	85	$	(307)
Cash flow hedges
Gains (losses) on interest rate
derivatives	$	(26)	$	(22)	$	(55)	$	(61)	Interest and other financial charges
Foreign exchange contracts		37		430		(5)		(528)	(e)
Other		2		7		(11)		7	(f)
Total before tax		14		415		(71)		(582)
Income taxes		(4)		(68)		1		49	Benefit (provision) for income taxes
Net of tax	$	10	$	347	$	(69)	$	(533)
Benefit plan items
Curtailment gain (loss)	$	1	$	196	$	1	$	121	(g)
Amortization of prior service costs		(37)		(89)		(74)		(176)	(g)
Amortization of actuarial gains (losses)		(664)		(887)		(1,323)		(1,792)	(g)
Total before tax		(700)		(780)		(1,396)		(1,847)
Income taxes		237		268		474		636	Benefit (provision) for income taxes
Net of tax	$	(463)	$	(512)	$	(922)	$	(1,211)
Total reclassification adjustments (net of tax)	$	(461)	$	(479)	$	(946)	$	(2,007)

(a) Included $6 million and $15 million for the three months ended June 30, 2016 and 2015, and $(72) million and $17 million for the six months ended June 30, 2016 and 2015, respectively in earnings (loss) from discontinued operations, net of taxes.

(b) Included $(1) million and $(7) million for the three months ended June 30, 2016 and 2015, and $31 million and $(6) million for the six months ended June 30, 2016 and 2015, respectively in earnings (loss) from discontinued operations, net of taxes.

(c) Included $77 million and $4 million for the three months ended June 30, 2016 and 2015, and $71 million and $4 million for the six months ended June 30, 2016 and 2015, respectively in earnings (loss) from discontinued operations, net of taxes.

(d) Included $(39) million and $(137) million for the three months ended June 30, 2016 and 2015, and $80 million and $(137) million for the six months ended June 30, 2016 and 2015, respectively in earnings (loss) from discontinued operations, net of taxes

(e) Included $53 million and $404 million in GE Capital revenues from services and $(17) million and $26 million in interest and other financial charges in the three months ended June 30, 2016 and 2015, respectively and $31 million and $(540) million in GE Capital revenues from services and $(36) million and $12 million in interest and other financial charges in the six months ended June 30, 2016 and 2015, respectively.

(f) Primarily recorded in costs and expenses.

(g) Curtailment gain (loss), amortization of prior service costs and actuarial gains and losses out of AOCI are included in the computation of net periodic pension costs. See Note 10 for further information.

2016 2Q FORM 10-Q 91

SHARES OF GE PREFERRED STOCK

At December 31, 2014 GECC had outstanding 50,000 shares of non-cumulative A, B and C Series perpetual preferred stock at an average dividend rate of 6.44% with a face value of $5,000 million. In connection with the GE Capital Exit Plan, on December 3, 2015, these shares were converted into a corresponding Series A, B, and C of fixed-to-floating rate non-cumulative perpetual preferred stock issued by GE with face value of $2,778 million, $2,073 million, $1,094 million, respectively, for a cumulative face value of $5,944 million and an initial average fixed dividend rate of 4.07%. The incremental shares were issued in order to compensate preferred holders for the lower dividend rate. Subsequent to the issuance of the preferred stock on December 3, 2015, in response to investor feedback, GE launched an exchange offer on December 18, 2015 that allowed GE preferred stock investors to exchange their existing Series A, B and C preferred stock into a Series D GE preferred stock. These Series D instruments bear an initial fixed interest rate of 5.00% through January 21, 2021, will bear a floating rate equal to three-month LIBOR plus 3.33% thereafter and are callable on January 21, 2021. On January 20, 2016, $2,687 million of Series A, $2,008 million of Series B and $999 million of Series C were exchanged into $5,694 million Series D GE preferred stock. In addition to interim dividends and accretion of $89 million, a deemed dividend of $232 million was recorded in the six months ended June 30, 2016, $195 million for the amount by which the fair value of the Series D GE preferred stock exceeded the fair value of the original GECC Series A, B and C preferred stock, and a cash payment of $37 million paid to the GE Series A and B preferred stockholders who exchanged into the Series D GE preferred stock. Post exchange, $91 million of Series A, $64 million of Series B and $95 million of Series C GE preferred stock remain outstanding. The carrying value of the GE preferred stock at June 30, 2016 was $5,216 million and will increase to $5,944 million through periodic accretion to the respective call dates of each series. Principal and accretion for the preferred stock is recorded in other capital in the consolidated Statement of Financial Position and dividends and accretion are presented under the caption "Preferred stock dividends" in the Statement of Earnings (Loss). Dividends on GE preferred stock are payable semi-annually, in June and December and accretion is recorded on a quarterly basis.

In conjunction with the exchange of the GE Capital preferred stock into GE preferred stock and the exchange of Series A, B and C preferred stock into Series D preferred stock, GE Capital issued preferred stock to GE for which the amount and terms mirror the GE preferred stock held by external investors ($5,216 million carrying value at June 30, 2016).

NONCONTROLLING INTERESTS

Noncontrolling interests in equity of consolidated affiliates includes common shares in consolidated affiliates and preferred stock issued by our affiliates.

CHANGES TO NONCONTROLLING INTERESTS
	Three months ended June 30				Six months ended June 30
(In millions)		2016		2015		2016		2015
Beginning balance	$	1,667	$	8,738	$	1,864	$	8,674
Net earnings (loss)		1		223		(68)		192
GECC preferred stock dividend		-		(161)		-		(161)
Dividends		(14)		(16)		(21)		(18)
Dispositions		-		(6)		(42)		(6)
Other (including AOCI)(a)(b)		39		(2)		(40)		95
Ending balance	$	1,693	$	8,776	$	1,693	$	8,776

(a) Includes research & development partner funding arrangements, acquisitions and eliminations.

(b) Includes $(123) million for deconsolidation of investment funds managed by GE Asset Management (GEAM) upon the adoption of ASU 2015-02, Amendments to the Consolidation Analysis. See Note 1.

The ending balance for the period ended June 30, 2015 included $4,949 million related to GECC Series A, B and C preferred stock. In connection with the reorganization of the GE Capital businesses, original GECC preferred stock was converted to preferred stock issued by GE in the fourth quarter of 2015, and accordingly GE preferred stock is reflected in shareowners' equity in the consolidated Statement of Financial Position. The dividend on GECC preferred stock was $161 million in the three months ended and the six months ended June 30, 2015. In addition, the ending balance for the period ended June 30, 2015 also included $2,700 million related to Synchrony Financial, which was eliminated as part of the split-off of Synchrony Financial from GE in the fourth quarter of 2015.

2016 2Q FORM 10-Q 92

REDEEMABLE NONCONTROLLING INTEREST

Redeemable noncontrolling interest presented in our statement of financial position includes common shares issued by our affiliates that are redeemable at the option of the holder of those interests.

As part of the Alstom acquisition, we formed three joint ventures in which the noncontrolling interests hold certain redemption rights. These joint ventures and the associated redemption rights are discussed in Note 7. Our retained earnings will be adjusted for subsequent changes in the redemption value of the noncontrolling interest in these entities to the extent that the redemption value exceeds the carrying amount of the noncontrolling interest.

	Three months ended June 30				Six months ended June 30
(In millions)		2016		2015		2016		2015
Beginning balance	$	3,036	$	73	$	2,972	$	98
Net earnings (loss)		(86)		3		(139)		(2)
Dividends		-		(1)		(9)		(11)
Redemption value adjustment		79		1		110		1
Other		42		3		135		(7)
Ending balance	$	3,070	$	79	$	3,070	$	79

OTHER

During the first six months of 2016, we repurchased $13,728million of our common stock, including $6,264 million repurchased under the accelerated share repurchase (ASR) agreements.

In June 2016, we entered into an ASR agreement with a financial institution which allowed us to repurchase GE common stock at a price below its volume weighted-average price during a given period. During the second quarter, we paid $5,000million and received and classified as treasury shares an initial delivery of 142,474,019shares based on then-current market prices. The payment was recorded as a reduction to shareowners' equity, consisting of a $4,250 million increase in treasury stock, which reflects the value of the shares received upon initial delivery, and a $750 million decrease in other capital, which reflects the value of the stock held back pending final delivery in the third quarter of 2016.

We accounted for the ASR as two separate transactions: (i) 142,474,019shares of common stock initially delivered to GE and $4,250million was accounted for as a treasury stock transaction and (ii) the unsettled contract of $750million was determined to be a forward contract indexed to GE's own common stock. The initial delivery of 142,474,019shares resulted in an immediate reduction of the outstanding shares used to calculate the weighted-average common shares outstanding for basic and diluted earnings per share. GE has determined that the forward contract, indexed to its own common stock, met all the criteria for equity classification.

In the second quarter of 2016, we received the remaining 10,222,022 shares related to the ASR agreement entered in March 2016 based on the final volume weighted-average price less the negotiated discount.

Common dividends from GE Capital totaled $3,500million and $11,000million to GE in the three months ended June 30, 2016 and the six months ended June 30, 2016, respectively. GE Capital did not pay any common dividends to GE in the three months ended June 30, 2015 and paid common dividends $450 million to GE in the six months ended June 30, 2015, respectively. Dividends on GE preferred stock totaled $152million, including cash dividends of $120 million and $441million, including cash dividends of $185 million to GE in the three months ended June 30, 2016 and the six months ended June 30, 2016, respectively. There were no dividends on GE preferred stock in the three months ended and in the six months ended June 30, 2015.

2016 2Q FORM 10-Q 93

NOTE 13. EARNINGS PER SHARE INFORMATION

	Three months ended June 30
	2016				2015
(In millions; per-share amounts in dollars)	Diluted		Basic		Diluted		Basic
Amounts attributable to the Company:
Consolidated
Earnings from continuing operations for
per-share calculation(a)(b)(c)	$	3,427	$	3,430	$	1,677	$	1,677
Preferred stock dividends		(152)		(152)		-		-
Earnings (loss) from continuing operations attributable to
common shareowners for per-share calculation(a)(b)(c)	$	3,275	$	3,278	$	1,677	$	1,677
Earnings (loss) from discontinued operations
for per-share calculation(a)(b)(c)		(543)		(540)		(3,034)		(3,034)
Net earnings (loss) attributable to GE common
shareowners for per-share calculation(a)(b)(c)	$	2,732	$	2,735	$	(1,357)	$	(1,357)
Average equivalent shares
Shares of GE common stock outstanding		9,079		9,079		10,087		10,087
Employee compensation-related shares (including
stock options)		85		-		71		-
Total average equivalent shares		9,164		9,079		10,158		10,087
Per-share amounts
Earnings (loss) from continuing operations	$	0.36	$	0.36	$	0.17	$	0.17
Earnings (loss) from discontinued operations		(0.06)		(0.06)		(0.30)		(0.30)
Net earnings (loss)		0.30		0.30		(0.13)		(0.13)

	Six months ended June 30
	2016				2015
(In millions; per-share amounts in dollars)	Diluted		Basic		Diluted		Basic
Amounts attributable to the Company:
Consolidated
Earnings (loss) from continuing operations for
per-share calculation(a)(b)(c)	$	3,925	$	3,927	$	(2,875)	$	(2,875)
Preferred stock dividends		(441)		(441)		-		-
Earnings (loss) from continuing operations attributable to
common shareowners for per-share calculation(a)(b)(c)	$	3,484	$	3,486	$	(2,875)	$	(2,875)
Earnings (loss) from discontinued operations
for per-share calculation(a)(b)(c)		(855)		(852)		(12,070)		(12,070)
Net earnings (loss) attributable to GE common
shareowners for per-share calculation(a)(b)(c)	$	2,631	$	2,634	$	(14,939)	$	(14,939)
Average equivalent shares
Shares of GE common stock outstanding		9,179		9,179		10,077		10,077
Employee compensation-related shares (including
stock options)		85		-		-		-
Total average equivalent shares		9,264		9,179		10,077		10,077
Per-share amounts
Earnings (loss) from continuing operations	$	0.38	$	0.38	$	(0.29)	$	(0.29)
Earnings (loss) from discontinued operations		(0.09)		(0.09)		(1.20)		(1.20)
Net earnings (loss)		0.28		0.29		(1.48)		(1.48)

(a) Our unvested restricted stock unit awards that contain non-forfeitable rights to dividends or dividend equivalents are considered participating securities. For the three months ended June 30, 2016 and 2015, participating securities are included in the computation of earnings (loss) per share pursuant to the two-class method and the application of this treatment had an insignificant effect. For the six month period ended June 30, 2016, pursuant to the two-class method, as a result of the excess of dividends in current period earnings, losses were not allocated to the participating securities. For the six month period ended June 30, 2015, pursuant to the two-class method, as a result of the net loss from continuing operations, losses were not allocated to the participating securities.

(b) Included an insignificant amount of dividend equivalents in each of the periods presented.

(c) Included the dilutive adjustment for the change in income for forward purchase contracts that may be settled in stock for the three and six months ended June 30, 2016.

2016 2Q FORM 10-Q 94

For the three months endedJune 30, 2016 and 2015, approximately 25 million and 94 million, respectively, of outstanding stock awards were not included in the computation of diluted earnings (loss) per share because their effect was antidilutive. For the six months ended June 30, 2016, approximately 28 million of outstanding stock awards were not included in the computation of diluted earnings per share because their effect was antidilutive. As a result of the loss from continuing operations for the six months ended June 30, 2015, outstanding stock awards of approximately 364 million, were not included in the computation of diluted earnings per share because their effect was antidilutive.

In June 2016, we entered into an ASR agreement to repurchase shares of GE common stock. See Note 12 for additional information. The initial delivery of 142,474,019 shares resulted in an immediate reduction of the outstanding shares used to calculate the weighted-average common shares outstanding for basic and diluted earnings per share. GE has determined that the forward contract, indexed to its own common stock, met all the criteria for equity classification. There was no dilutive impact on earnings per share related to the forward contract.

Earnings per share amounts are computed independently, as a result, the sum of per-share amounts from continuing operations and discontinued operations may not equal the total per share amounts for net earnings (loss).

2016 2Q FORM 10-Q 95

NOTE 14. FAIR VALUE MEASUREMENTS

RECURRING FAIR VALUE MEASUREMENTS

Our assets and liabilities measured at fair value on a recurring basis include investment securities primarily supporting obligations to annuitants and policyholders in our run-off insurance operations.

ASSETS AND LIABILITIES MEASURED AT FAIR VALUE ON A RECURRING BASIS
									Netting
(In millions)	Level 1		(a)	Level 2		(a)	Level 3		adjustment		(b)	Net balance
June 30, 2016
Assets
Investment securities
Debt
U.S. corporate	$	-		$	21,426		$	3,422	$	-		$	24,848
State and municipal		-			4,536			32		-			4,568
Mortgage and asset-backed		-			3,115			8		-			3,122
Corporate – non-U.S.		-			5,168			244		-			5,412
Government – non-U.S.		-			764			-		-			764
U.S. government and federal agency		-			532			307		-			839
Equity		143			16			8		-			167
Derivatives(c)		-			7,669			40		(6,821)			888
Total	$	143		$	43,226		$	4,060	$	(6,821)		$	40,608
Liabilities
Derivatives	$	-		$	4,474		$	3	$	(3,830)		$	646
Other(e)		-			1,132			-		-			1,132
Total	$	-		$	5,606		$	3	$	(3,830)		$	1,778
December 31, 2015
Assets
Investment securities
Debt
U.S. corporate	$	-		$	19,351		$	3,006	$	-		$	22,358
State and municipal		-			4,215			30		-			4,245
Mortgage and asset-backed		-			3,084			32		-			3,116
Corporate – non-U.S.		12			544			290		-			847
Government – non-U.S.		5			410			-		-			415
U.S. government and federal agency		49			404			323		-			776
Equity		194			9			13		-			217
Derivatives(c)		-			7,312			79		(6,110)			1,281
Other(d)		-			-			259		-			259
Total	$	260		$	35,331		$	4,033	$	(6,110)		$	33,512
Liabilities
Derivatives	$	-		$	5,677		$	4	$	(4,968)		$	713
Other(e)		-			1,182			-		-			1,182
Total	$	-		$	6,860		$	4	$	(4,968)		$	1,895

(a) There were $12 million of Corporate – non-U.S. securities and $50 million of U.S. Treasuries and federal agency securities transferred from Level 1 to Level 2 in the six months ended June 30, 2016 primarily attributable to changes in approach. There were no securities transferred between Level 1 and Level 2 in the year ended December 31, 2015.

(b) The netting of derivative receivables and payables (including the effects of any collateral posted or received) is permitted when a legally enforceable master netting agreement exists.

(c) The fair value of derivatives includes an adjustment for non-performance risk. At June 30, 2016 and December 31, 2015, the cumulative adjustment for non-performance risk was $(9) million and insignificant, respectively. See Notes 15 and 19 for additional information on the composition of our derivative portfolio.

(d) Includes private equity investments.

(e) Primarily represents the liabilities associated with certain of our deferred incentive compensation plans.

2016 2Q FORM 10-Q 96

LEVEL 3 INSTRUMENTS

The majority of our Level 3 balances consist of investment securities classified as available-for-sale with changes in fair value recorded in shareowners' equity.

CHANGES IN LEVEL 3 INSTRUMENTS FOR THE THREE MONTHS ENDED
																			Net
																			change in
			Net			Net													unrealized
			realized/			realized/													gains
			unrealized		unrealized														(losses)
			gains			gains													relating to
			(losses)			(losses)							Transfers		Transfers				instruments
	Balance at		included in			included							into		out of		Balance at		still held at
(In millions)	April 1		earnings(a)			in AOCI	Purchases		Sales		Settlements		Level 3(b)		Level 3(b)		June 30		June 30(c)
2016
Investment securities
Debt
U.S. corporate	$	3,143	$	4	$	132	$	173	$	-	$	(35)	$	8	$	(3)	$	3,422	$	-
State and municipal		31		-		1		-		-		-		-		-		32		-
Mortgage and
asset-backed		23		(10)		-		-		-		(5)		-		-		8		-
Corporate – non-U.S.		295		28		(5)		9		(82)		-		(1)		-		244		-
U.S. government and
federal agency		277		-		30		-		-		-		-		-		307		-
Equity		9		-		(1)		-		-		-		-		-		8		-
Derivatives(d)(e)		82		(26)		-		-		-		(41)		11		11		37		(24)
Total	$	3,859	$	(4)	$	158	$	183	$	(82)	$	(82)	$	18	$	8	$	4,057	$	(24)
2015
Investment securities
Debt
U.S. corporate	$	3,163	$	(10)	$	(145)	$	87	$	(38)	$	(20)	$	-	$	(13)	$	3,024	$	-
State and municipal		58		-		(3)		-		-		(8)		-		-		47		-
Mortgage and
asset-backed		114		(15)		(8)		-		-		-		-		(13)		78		-
Corporate – non-U.S.		290		-		(7)		-		-		-		-		-		283		-
Government – non-U.S.		2		-		-		-		-		-		-		-		2		-
U.S. government and
federal agency		291		-		2		-		-		-		-		-		293		-
Equity		6		-		-		6		(6)		-		-		-		6		-
Derivatives(d)(e)		33		(2)		-		-		-		(6)		40		-		65		33
Other		225		4		-		-		(7)		-		-		-		222		1
Total	$	4,183	$	(23)	$	(161)	$	92	$	(51)	$	(35)	$	40	$	(27)	$	4,020	$	34

(a) Earnings effects are primarily included in the "GE Capital revenues from services" and "Interest and other financial charges" captions in the Statement of Earnings.

(b) Transfers in and out of Level 3 are considered to occur at the beginning of the period. Transfers out of Level 3 were primarily a result of increased use of quotes from independent pricing vendors based on recent trading activity.

(c) Represents the amount of unrealized gains or losses for the period included in earnings.

(d) Represents derivative assets net of derivative liabilities and includes cash accruals of none and $11 million not reflected in the fair value hierarchy table for the three months ended June 30, 2016 and 2015, respectively.

(e) Gains (losses) included in net realized/unrealized gains (losses) included in earnings were offset by the earnings effects from the underlying items that were economically hedged. See Notes 15 and 19.

2016 2Q FORM 10-Q 97

CHANGES IN LEVEL 3 INSTRUMENTS FOR THE SIX MONTHS ENDED
																			Net
																			change in
			Net			Net													unrealized
			realized/			realized/													gains
			unrealized		unrealized														(losses)
			gains			gains													relating to
			(losses)			(losses)							Transfers		Transfers				instruments
	Balance at		included in			included							into		out of		Balance at		still held at
(In millions)	January 1		earnings(a)			in AOCI	Purchases		Sales		Settlements		Level 3(b)		Level 3(b)		June 30		June 30(c)
2016
Investment securities
Debt
U.S. corporate	$	3,006	$	8	$	232	$	233	$	(5)	$	(43)	$	8	$	(18)	$	3,422	$	-
State and municipal		30		-		2		-		-		-		-		-		32		-
Mortgage and
asset-backed		32		(19)		-		-		-		(6)		-		-		8		-
Corporate – non-U.S.		290		28		-		9		(82)		(1)		(1)		-		244		-
U.S. government and
federal agency		323		-		(15)		-		-		(1)		-		-		307		-
Equity		13		(6)		1		-		-		-		-		-		8		-
Derivatives(d)(e)		88		(22)		-		-		-		(39)		-		10		37		(20)
Other		259		-		-		-		-		-		-		(259)		-		-
Total	$	4,042	$	(12)	$	221	$	243	$	(87)	$	(90)	$	7	$	(267)	$	4,057	$	(20)
2015
Investment securities
Debt
U.S. corporate	$	3,053	$	(6)	$	(86)	$	181	$	(49)	$	(56)	$	-	$	(13)	$	3,024	$	-
State and municipal		58		-		(2)		-		-		(8)		-		-		47		-
Mortgage and
asset-backed		145		(9)		(9)		-		(32)		(3)		-		(13)		78		-
Corporate – non-U.S.		337		-		(4)		-		(49)		-		-		-		283		-
Government – non-U.S.		2		-		-		-		-		-		-		-		2		-
U.S. government and
federal agency		266		-		28		-		-		(1)		-		-		293		-
Equity		9		2		(2)		6		(6)		(4)		-		-		6		-
Derivatives(d)(e)		29		3		-		-		-		(8)		40		-		65		40
Other		277		(34)		-		-		(20)		-		-		-		222		(37)
Total	$	4,175	$	(44)	$	(74)	$	187	$	(157)	$	(80)	$	41	$	(27)	$	4,020	$	3

(a) Earnings effects are primarily included in the "GE Capital revenues from services" and "Interest and other financial charges" captions in the Statement of Earnings.

(b) Transfers in and out of Level 3 are considered to occur at the beginning of the period. Transfers out of Level 3 for the six months ended June 30, 2016 were primarily a result of the adoption of ASU 2015-02, Amendments to the Consolidation Analysis. See Note 1.

(c) Represents the amount of unrealized gains or losses for the period included in earnings.

(d) Represents derivative assets net of derivative liabilities and includes cash accruals of none and $11 million not reflected in the fair value hierarchy table for the six months ended June 30, 2016 and 2015, respectively.

(e) Gains (losses) included in net realized/unrealized gains (losses) included in earnings were offset by the earnings effects from the underlying items that were economically hedged. See Notes 15 and 19.

2016 2Q FORM 10-Q 98

The following table represents non-recurring fair value amounts (as measured at the time of the adjustment) for those assets remeasured to fair value on a non-recurring basis during the fiscal year and still held at June 30, 2016 and December 31, 2015.

	Remeasured during				Remeasured during
	the six months ended				the year ended
	June 30, 2016				December 31, 2015
(In millions)	Level 2		Level 3		Level 2		Level 3
Financing receivables and financing receivables held for sale	$	-	$	33	$	-	$	154
Cost and equity method investments		-		226		1		436
Long-lived assets		32		634		2		882
Total	$	32	$	893	$	3	$	1,471

The following table represents the fair value adjustments to assets measured at fair value on a non-recurring basis and still held at June 30, 2016 and 2015.

	Three months ended June 30				Six months ended June 30
(In millions)	2016		2015		2016		2015
Financing receivables and financing receivables held for sale	$	-	$	(19)	$	(15)	$	(21)
Cost and equity method investments		(18)		(60)		(95)		(91)
Long-lived assets		(172)		(23)		(227)		(57)
Total	$	(190)	$	(103)	$	(337)	$	(168)

2016 2Q FORM 10-Q 99

LEVEL 3 MEASUREMENTS - SIGNIFICANT UNOBSERVABLE INPUTS
					Range
(Dollars in millions)	Fair value		Valuation technique	Unobservable inputs	(weighted-average)
June 30, 2016
Recurring fair value measurements
Investment securities – Debt
U.S. corporate	$	897	Income approach	Discount rate(a)	1.7%-13.5% (8.0%)
Mortgage and asset-backed		8	Income approach	Discount rate(a)	2.0%-5.0% (4.7%)
Non-recurring fair value measurements
Financing receivables and
financing receivables held for sale	$	31	Income approach	Discount rate(a)	9.0%-30.0% (20.4%)
Cost and equity method investments		138	Income approach	Discount rate(a)	9.0%-20.0% (13.2%)
Long-lived assets		599	Income approach	Discount rate(a)	1.8%-25.0% (10.5%)
December 31, 2015
Recurring fair value measurements
Investment securities – Debt
U.S. corporate	$	834	Income approach	Discount rate(a)	1.7%-14.1% (8.6%)
Mortgage and asset-backed		31	Income approach	Discount rate(a)	5.0%-12.0% (10.5%)
Corporate – non-U.S.		236	Income approach	Discount rate(a)	6.5%-14.0% (7.5%)
Other financial assets		259	Income approach,	EBITDA multiple	6.1X-15.0X (9.9X)
			Market comparables	Capitalization rate	7.8%-7.8% (7.8%)
Non-recurring fair value measurements
Financing receivables and
financing receivables held for sale	$	146	Income approach	Discount rate(a)	6.5%-30.0% (10.7%)
Cost and equity method investments		293	Income approach,	Discount rate(a)	9.5%-35.0% (14.4%)
Long-lived assets		830	Income approach	Discount rate(a)	1.8%-11.7% (10.5%)

(a) Discount rates are determined based on inputs that market participants would use when pricing investments, including credit and liquidity risk. An increase in the discount rate would result in a decrease in the fair value.

At June 30, 2016 and December 31, 2015, other Level 3 recurring fair value measurements of $3,130 million and $2,637 million, respectively, and non-recurring measurements of $122 million and $122 million, respectively, are valued using non-binding broker quotes or other third-party sources. At June 30, 2016 and December 31, 2015, other recurring fair value measurements of $22 million and $32 million, respectively, and non-recurring fair value measurements of $4 million and $80 million, respectively, were individually insignificant and utilize a number of different unobservable inputs not subject to meaningful aggregation.

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NOTE 15. FINANCIAL INSTRUMENTS

The following table provides information about assets and liabilities not carried at fair value. The table excludes finance leases and non-financial assets and liabilities. Substantially all of the assets discussed below are considered to be Level 3. The vast majority of our liabilities' fair value can be determined based on significant observable inputs and thus considered Level 2. Few of the instruments are actively traded and their fair values must often be determined using financial models. Realization of the fair value of these instruments depends upon market forces beyond our control, including marketplace liquidity.

	June 30, 2016				December 31, 2015
	Carrying				Carrying
	amount		Estimated		amount		Estimated
(In millions)	(net)		fair value		(net)		fair value
GE
Assets
Investments and notes receivable	$	1,353	$	1,437	$	1,104	$	1,174
Liabilities
Borrowings(a)(b)		19,331		20,822		18,397		18,954
Borrowings (debt assumed)(a)(c)		70,188		79,727		84,704		92,231
GE Capital
Assets
Loans		18,992		18,850		20,061		19,774
Time deposits(d)		3,550		3,550		10,386		10,386
Other commercial mortgages		1,356		1,481		1,381		1,447
Loans held for sale		692		692		342		342
Other financial instruments(e)		91		122		94		110
Liabilities
Borrowings(a)(f)(g)(h)		68,138		70,790		95,474		99,396
Investment contracts		2,870		3,490		2,955		3,441

(a)See Note 9.

(b)            Included $93 million and $116 million of accrued interest in estimated fair value at June 30, 2016 and December 31, 2015, respectively.

(c) Included $992 million and $1,006 million of accrued interest in estimated fair value at June 30, 2016 and December 31, 2015, respectively.

(d) Balances at June 30, 2016 and December 31, 2015 included $3,550 million and $10,386 million, respectively of high quality interest bearing deposits of global banks, that matured in April and July 2016.

(e) Principally comprises cost method investments.

(f) Fair values exclude interest rate and currency derivatives designated as hedges of borrowings. Had they been included, the fair value of borrowings at June 30, 2016 and December 31, 2015 would have been reduced by $5,299 million and $3,001 million, respectively.

(g) Included $668 million and $1,103 million of accrued interest in estimated fair value at June 30, 2016 and December 31, 2015, respectively.

(h) Excluded $65,186 million and $84,704 million of intercompany payable to GE at June 30, 2016 and December 31, 2015 respectively, which includes a reduction for a $5,002 million short-term loan in second quarter of 2016 from GE Capital to GE, which bears the right of offset against amounts owed under the assumed debt agreement.

NOTIONAL AMOUNTS OF LOAN COMMITMENTS
(In millions)	June 30, 2016		December 31, 2015
Ordinary course of business lending commitments(a)	$	448	$	531
Unused revolving credit lines		213		279

(a) Excluded investment commitments of $758 million and $782 million at June 30, 2016 and December 31, 2015, respectively.

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SECURITIES REPURCHASE AND REVERSE REPURCHASE ARRANGEMENTS

Our issuances of securities repurchase agreements are insignificant and are limited to activities at certain of our foreign banks primarily for purposes of liquidity management. Any such agreements are reported in short-term borrowings on the financial statements. No repurchase agreements were accounted for as off-book financing and we do not engage in securities lending transactions. At June 30, 2016, we were party to no repurchase agreements.

We also enter into reverse securities repurchase agreements, primarily for short-term investment with maturities of 90 days or less. At June 30, 2016, we were party to reverse repurchase agreements totaling $9.7 billion, which were reported in cash and equivalents on the financial statements. Under these reverse securities repurchase agreements, we typically lend available cash at a specified rate of interest and hold U.S. or highly-rated European government securities as collateral during the term of the agreement. Collateral value is in excess of amounts loaned under the agreements.

DERIVATIVES AND HEDGING

In this section, we explain how we use derivatives to manage our risks and how these financial instruments are reflected in our financial statements. Our use of derivatives relates solely to risk management; we do not use derivatives for speculation. As discussed elsewhere in this report, we are executing a plan to reduce the size and scope of our financial services business, with the intention of principally retaining those activities that support our industrial businesses. The affected businesses have either been sold or are held for sale and are presented as discontinued operations in our financial statements as of June 30, 2016. As a result of these actions, the significance of financial services hedging activity will diminish significantly in the future.

RISK MANAGEMENT STRATEGY

In our industrial businesses, we buy, manufacture and sell components and products across global markets. These activities expose us to changes in foreign currency exchange rates and commodity prices, which can adversely affect revenues earned and costs of operating our industrial businesses. When the currency in which we sell equipment differs from the primary currency of one of our industrial businesses (known as its functional currency) and the exchange rate fluctuates, it will affect the revenue we earn on the sale. These sales and purchase transactions also create receivables and payables denominated in foreign currencies, which expose us to foreign currency gains and losses based on changes in exchange rates. Changes in the price of a raw material that we use in manufacturing can affect the cost of manufacturing. We use derivatives to mitigate or eliminate these exposures.

With respect to our ongoing financial services activities, our key exposures relate to interest rate and currency risk. To the extent feasible, we seek to ensure that the characteristics of the debt we have issued align with the assets being funded. The form (fixed rate or floating rate) and currency denomination of the debt we issue depends on a number of considerations, the most important of which are market factors (demand, pricing, etc.) that affect the economics of the issuance. If the form and currency denomination of the debt does not match the assets being funded, we typically execute derivatives to meet this objective within defined limits.

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FORMS OF HEDGING

In this section we explain the hedging methods we use and their effects on our financial statements.

Cash flow hedges – We use cash flow hedging primarily to reduce or eliminate the effects of foreign exchange rate changes on purchase and sale contracts in our industrial businesses and to convert foreign currency debt that we have issued in our financial services business back to our functional currency. Accordingly, the vast majority of our derivative activity in this category consists of currency exchange contracts. As a result of acquisitions in our industrial businesses, we expect to significantly expand our foreign currency hedging activity related to long-term contracts. We also use commodity derivatives to reduce or eliminate price risk on raw materials purchased for use in manufacturing.

Under hedge accounting, the derivative carrying amount is measured at fair value each period and any resulting gain or loss is recorded in a separate component of shareowners' equity. Differences between the derivative and the hedged item may cause changes in their fair values to not offset completely, which is referred to as ineffectiveness. When the hedged transaction occurs, these amounts are released from shareowners' equity, in order that the transaction will be reflected in earnings at the rate locked in by the derivative. The effect of the hedge is reported in the same financial statement line item as the earnings effects of the hedged transaction. The table below summarizes how the derivative is reflected in the balance sheet and in earnings under hedge accounting. The effect of the hedged forecasted transaction is not presented in this table but offsets the earnings effect of the derivative.

As part of our ongoing effort to reduce borrowings, we may repurchase debt that was in a cash flow hedge accounting relationship. At the time of determining that the debt cash flows are probable of not occurring any related OCI will be released to earnings.

FINANCIAL STATEMENT EFFECTS - CASH FLOW HEDGES
	Three months ended June 30				Six months ended June 30
(In millions)	2016		2015		2016		2015
Balance sheet changes
Fair value of derivatives increase (decrease)	$	11	$	446	$	(45)	$	(637)
Shareowners' equity (increase) decrease		(12)		(446)		45		637
Earnings (loss) related to ineffectiveness		-		-		1		-
Earnings (loss) effect of derivatives(a)		14		415		(71)		(582)
(a) Offsets earnings effect of the hedged forecasted transaction

The following table explains the effect of changes in market rates on the fair value of derivatives we use most commonly in cash flow hedging arrangements.

Interest rate forwards/swaps	Interest rate increases	Interest rate decreases
Pay fixed rate/receive floating rate	Fair value increases	Fair value decreases
Currency forwards/swaps	U.S. dollar strengthens	U.S. dollar weakens
Pay U.S. dollars/receive foreign currency	Fair value decreases	Fair value increases
Commodity derivatives	Price increases	Price decreases
Receive commodity/ pay fixed price	Fair value increases	Fair value decreases

Fair value hedges– These derivatives are used to hedge the effects of interest rate and currency exchange rate changes on debt that we have issued. We have issued mostly fixed rate debt that is used to fund both fixed and floating rate assets. In instances where fixed rate debt is funding floating rate assets, we have an exposure to changes in interest rates. We enter into interest rate swaps that receive a fixed rate and pay a floating rate of interest to align with that portion of our debt which funds floating rate assets. These swaps typically match the maturity of the associated debt being hedged.

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Under hedge accounting, the derivative is measured at fair value and the carrying amount of the hedged debt is adjusted for the change in value related to the exposure being hedged, with both adjustments offset to earnings as interest expense. For example, the earnings effect of an increase in the fair value of the derivative will be largely offset by the earnings effect of an increase in the carrying amount of the hedged debt. Differences between the terms of the derivative and the hedged debt may cause changes in their fair values to not offset completely, which is referred to as ineffectiveness. The table below summarizes how the derivative and the hedged debt are reflected in the balance sheet and in earnings under hedge accounting. The effect on interest expense of changing from the fixed rate on the debt to the floating rate on the swap is not shown in this table.

FINANCIAL STATEMENT EFFECTS - FAIR VALUE HEDGES
	Three months ended June 30				Six months ended June 30
(In millions)	2016		2015		2016		2015
Balance sheet changes
Fair value of derivative increase (decrease)	$	888	$	(1,924)	$	2,610	$	(873)
Adjustment to carrying amount of hedged debt (increase) decrease		(933)		1,872		(2,688)		789
Earnings (loss) related to hedge ineffectiveness		(46)		(52)		(77)		(84)

The effect of changes in market interest rates on the fair value of derivatives we use most commonly in fair value hedging arrangements is presented below.

Interest rate forwards/swaps	Interest rate increases	Interest rate decreases
Pay floating rate/receive fixed rate	Fair value decreases	Fair value increases

Net investment hedges – We invest in foreign operations that conduct their financial services activities in currencies other than the US dollar. We hedge the currency risk associated with those investments primarily using short-term currency exchange contracts under which we receive US dollars and pay foreign currency and non-derivatives instruments such as debt denominated in a foreign currency.

Under hedge accounting, the portion of the fair value change of the derivative or debt instrument that relates to changes in spot currency exchange rates is offset in a separate component of shareowners' equity. For example, an increase in the fair value of the derivative related to changes in spot exchange rates will be offset by a corresponding increase in the currency translation component of shareowners' equity. The portion of the fair value change of the derivative related to differences between spot and forward rates, which primarily relates to the interest component, is recorded in earnings each period as interest expense. As a result of this hedging strategy, the investments in foreign operations of our financial services business are largely unaffected by changes in currency exchange rates. The amounts recorded in shareowners' equity only affect earnings if the hedged investment is sold, substantially liquidated, or control is lost.

FINANCIAL STATEMENT EFFECTS - NET INVESTMENT HEDGES
	Three months ended June 30				Six months ended June 30
(In millions)	2016		2015		2016		2015
Balance sheet changes
Fair value of derivatives increase (decrease)	$	(282)	$	(1,578)	$	47	$	3,367
Fair value of non-derivatives (increase) decrease		(318)		-		(120)		-
Shareowners' equity (increase) decrease		609		1,566		40		(3,423)
Earnings (loss) related to
spot-forward differences and ineffectiveness		8		(12)		(34)		(56)
Earnings (loss) related to
reclassification upon sale or liquidation(a)		(380)		(196)		(1,072)		589

(a) Included $(380) million and $(196) million recorded in discontinued operations in the three months ended June 30, 2016 and 2015, and $(1,072) million and $592 million recorded in discontinued operations in the six months ended June 30, 2016 and 2015, respectively.

The effect of changes in currency exchange rates on the fair value of derivatives we use in net investment hedging arrangements is presented below.

Currency forwards/swaps	U.S. dollar strengthens	U.S. dollar weakens
Receive U.S. dollars/pay foreign currency	Fair value increases	Fair value decreases

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Economic Hedges - These derivatives are not designated as hedges from an accounting standpoint (and therefore we do not apply hedge accounting to the relationship) but otherwise serve the same economic purpose as other hedging arrangements. Economic hedges are used when changes in the carrying amount of the hedged item are already recorded in earnings in the same period as the derivative, making hedge accounting unnecessary. For example, in our industrial businesses we record the effects of spot exchange rate changes on our foreign currency payables and receivables in earnings each period along with the fair value changes on the foreign currency forward contracts used as economic hedges. In these cases, the earnings effects of the derivative and hedged item largely offset. We also use economic hedges when we have exposures to currency exchange risk for which we are unable to meet the requirements for hedge accounting. For example, we use currency forwards as an economic hedge of forecasted foreign currency cash flows under long-term contracts. In this case, the forecast period is so long that it is difficult to meet the hedge accounting requirement that the occurrence of the hedged transactions is probable. For these types of economic hedges, changes in the fair value of the derivative are recorded in earnings currently but changes in the value of the forecasted foreign currency cash flows are only recognized in earnings when they occur. As a result, even though the derivative is an effective economic hedge, there is a net effect on earnings in each period due to differences in the timing of earnings recognition between the derivative and the hedged item.

The table below provides information about the earnings effects of all derivatives that serve as economic hedges. These derivatives are marked to fair value through earnings each period. For our financial services business, these gains and losses are reported in "GE Capital revenues from services". For our industrial businesses, the effects are reported in "Other income" or "Other costs and expenses". The offsetting earnings effects associated with hedged assets and liabilities are also displayed in the table below. In general, the earnings effects of the hedged item are recorded in the same financial statement line as the derivative. The earnings effect of economic hedges, after considering offsets related to earnings effects of hedged assets and liabilities, is substantially offset by changes in the fair value of forecasted transactions that have not yet affected earnings.

FINANCIAL STATEMENT EFFECTS - ECONOMIC HEDGES
	Three months ended June 30				Six months ended June 30
(In millions)	2016		2015		2016		2015
Balance sheet changes
Change in fair value of economic hedge increase (decrease)	$	159	$	875	$	(143)	$	(2,243)
Change in carrying amount of item being hedged increase (decrease)		(288)		(981)		(177)		2,148
Earnings (loss) effect of economic hedges(a)		(130)		(106)		(321)		(95)

(a)Offset by the future earnings effects of economically hedged item.

The table below explains the effects of market rate changes on the fair value of derivatives we use most commonly as economic hedges.

Interest rate forwards/swaps interest rate	Interest rate increases	Interest rate decreases
Pay floating rate/receive fixed rate	Fair value decreases	Fair value increases
Currency forwards/swaps	U.S. dollar strengthens	U.S. dollar weakens
Pay U.S. dollars/receive foreign currency	Fair value decreases	Fair value increases
Receive U.S. dollars/pay foreign currency	Fair value increases	Fair value decreases
Commodity derivatives	Price increases	Price decreases
Receive commodity/ pay fixed price	Fair value increases	Fair value decreases

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NOTIONAL AMOUNT OF DERIVATIVES

The notional amount of a derivative is the number of units of the underlying (for example, the notional principal amount of the debt in an interest rate swap). The notional amount is used to compute interest or other payment streams to be made under the contract and is a measure of our level of activity. We generally disclose derivative notional amounts on a gross basis. A substantial majority of the outstanding notional amount of $205 billion at June 30, 2016 is related to managing interest rate and currency risk between financial assets and liabilities in our financial services business. The remaining derivative notional primarily relates to hedges of anticipated sales and purchases in foreign currency, commodity purchases and contractual terms in contracts that are considered embedded derivatives.

The table below provides additional information about how derivatives are reflected in our financial statements. Derivative assets and liabilities are recorded at fair value exclusive of interest earned or owed on interest rate derivatives, which is presented separately on our balance sheet. Cash collateral and securities held as collateral represent assets that have been provided by our derivative counterparties as security for amounts they owe us (derivatives that are in an asset position).

CARRYING AMOUNTS RELATED TO DERIVATIVES
(In millions)	June 30, 2016		December 31, 2015
Derivative assets	$	7,709	$	7,391
Derivative liabilities		(4,477)		(5,681)
Accrued interest		728		1,014
Cash collateral & credit valuation adjustment		(2,991)		(1,141)
Net Derivatives		969		1,583
Securities held as collateral		(1,038)		(1,277)
Net amount	$	(69)	$	306

EFFECTS OF DERIVATIVES ON EARNINGS

All derivatives are marked to fair value on our balance sheet, whether they are designated in a hedging relationship for accounting purposes or are used as economic hedges. As discussed in the previous sections, each type of hedge affects the financial statements differently. In fair value and economic hedges, both the hedged item and the hedging derivative largely offset in earnings each period. In cash flow and net investment hedges, the effective portion of the hedging derivative is offset in separate components of shareowners' equity and ineffectiveness is recognized in earnings. The table below summarizes these offsets and the net effect on earnings.

		Three months ended June 30					Six months ended June 30
		Effect on		Effect on		Effect on		Effect on		Effect on		Effect on
(In millions)	hedging instrument			underlying	earnings		hedging instrument			underlying	earnings
2016
Cash flow hedges	$	11	$	(12)	$	-	$	(45)	$	45	$	1
Fair value hedges		888		(933)		(46)		2,610		(2,688)		(77)
Net investment hedges(a)		(600)		609		8		(73)		40		(34)
Economic hedges(b)		159		(288)		(130)		(143)		(177)		(321)
Total					$	(168)					$	(431)

2015
Cash flow hedges	$	446	$	(446)	$	-	$	(637)	$	637	$	-
Fair value hedges		(1,924)		1,872		(52)		(873)		789		(84)
Net investment hedges(a)		(1,578)		1,566		(12)		3,367		(3,423)		(56)
Economic hedges(b)		875		(981)		(106)		(2,243)		2,148		(95)
Total					$	(170)					$	(235)

The amounts in the table above generally do not include associated derivative accruals in income or expense.

(a)                Both derivatives and non-derivatives hedging instruments are included.

(b)                Net effect is substantially offset by the change in fair value of the hedged item that will affect earnings in future periods.

Note 12 provides additional information about changes in shareowners' equity related to hedging and amounts released to earnings. Other supplemental information about derivatives and hedging can be found in Note 19.

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NOTE 16. VARIABLE INTEREST ENTITIES

We use variable interest entities in the ordinary course of business to operate joint ventures to provide goods and services to our customers and to arrange asset backed financing, including securitizations.  Investors in these entities only have recourse to the assets owned by the entity and not to our general credit. We do not have implicit support arrangements with any VIE. We did not provide non-contractual support for previously transferred financing receivables to any VIE in 2016 or 2015.

CONSOLIDATED VARIABLE INTEREST ENTITIES

Our most significant consolidated VIEs are the three joint ventures we formed with Alstom to facilitate the Alstom acquisition. These joint ventures include grid technology, renewable energy, and global nuclear and French steam power. The combined assets, liabilities and redeemable non-controlling interest in the joint ventures as of June 30, 2016 was $13,614 million, $10,295 million and $2,950 million, respectively. Further information about the formation of the Alstom joint ventures is provided in Note 7. These joint ventures are VIEs due to the nature of the exit mechanisms held by Alstom and are consolidated by GE because we control all significant activities of the joint ventures. As these joint ventures are businesses, would otherwise be consolidated under the voting model and their assets can be used for purposes other than settlement of the joint ventures' obligations, there is no continuing VIE disclosure requirement for these consolidated joint ventures.

The Consolidated VIEs for which we have continuing disclosure requirements fall into two main groups. We consolidate VIEs because we have the power to direct the activities that significantly affect the VIE's economic performance, typically because of our role as either servicer or manager for the VIE, which are further described below:

 GE Capital Consolidated Securitization Entities (CSEs) were created to facilitate securitization of financial assets and other forms of asset-backed financing that serve as an alternative funding source by providing access to variable funding notes and term markets. The securitization transactions executed with these entities are similar to those used by many financial institutions and all are non-recourse. We provide servicing for substantially all of the assets in these entities.

The financing receivables in these entities have similar risks and characteristics to our other financing receivables and were underwritten to the same standard. Accordingly, the performance of these assets has been similar to our other financing receivables; however, the blended performance of the pools of receivables in these entities reflects the eligibility criteria that we apply to determine which receivables are selected for transfer. Contractually the cash flows from these financing receivables must first be used to pay third-party debt holders as well as other expenses of the entity. Excess cash flows are available to GE and GE Capital. The creditors of these entities have no claim on other assets of GE or GE Capital.

 Other remaining assets and liabilities of consolidated VIEs within GE and GE Capital relate primarily to three categories of entities: (1) joint ventures that lease equipment with $746 million of assets and $743 million of liabilities; (2) other entities that are involved in power generating and leasing activities with $385 million of assets and $177 million of liabilities; and (3) insurance entities that, among other lines of business, provide property and casualty and workers' compensation coverage for GE with $1,716 million of assets and $1,118 million of liabilities.

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ASSETS AND LIABILITIES OF CONSOLIDATED VIEs
				GE Capital
				Trade receivables			Other
(In millions)	GE			securitization(a)			securitization(a)		Other	Total
June 30, 2016
Assets
Financing receivables, net	$	-	$	-		$	926	$	745	$	1,671
Current receivables		152		2,683	(b)		-		1		2,836
Investment securities		-		-			-		1,516		1,516
Other assets		1,099		-			33		1,144		2,276
Total	$	1,251	$	2,683		$	959	$	3,406	$	8,299
Liabilities
Borrowings	$	41	$	-		$	827	$	867	$	1,735
Non-recourse borrowings		-		1,905			100		-		2,005
Other liabilities		1,161		31			30		1,343		2,565
Total	$	1,202	$	1,936		$	957	$	2,210	$	6,305
December 31, 2015
Assets
Financing receivables, net	$	-	$	-		$	-	$	882	$	882
Current receivables		385		3,506	(b)		-		-		3,891
Investment securities		-		-			-		1,404		1,404
Other assets		2,482		24			-		1,068		3,574
Total	$	2,867	$	3,530		$	-	$	3,354	$	9,751
Liabilities
Borrowings	$	221	$	-		$	-	$	960	$	1,181
Non-recourse borrowings		-		3,022			-		61		3,083
Other liabilities		2,289		34			-		1,234		3,557
Total	$	2,510	$	3,056		$	-	$	2,255	$	7,821

(a) We provide servicing to the CSEs and are contractually permitted to commingle cash collected from customers on financing receivables sold to CSE investors with our own cash prior to payment to a CSE, provided our short-term credit rating does not fall below A-1/P-1. These CSEs also owe us amounts for purchased financial assets and scheduled interest and principal payments. At June 30, 2016 and December 31, 2015, the amounts of commingled cash owed to the CSEs were $860 million and $1,093 million, respectively, and the amounts owed to us by CSEs were $12 million and $7 million, respectively.

(b) In June 2016, we completed the sale of our Appliances business to Haier and sold all of the Appliances receivables purchased by the securitization trust to Haier for $773 million. Further information about the sale is provided in Note 2. At December 31, 2015, included $737 million of receivables purchased from Appliances.

Total revenues from our consolidated VIEs were $439 million and $212 million in the three months ended June 30, 2016 and 2015, respectively, and $794 million and $714 million in the six months ended June 30, 2016 and 2015, respectively. Related expenses consisted primarily of cost of goods and services of $257 million and $386 million in the three months ended June 30, 2016 and 2015, respectively, and $601 million and $723 million in the six months ended June 30, 2016 and 2015, respectively.

INVESTMENTS IN UNCONSOLIDATED VARIABLE INTEREST ENTITIES

Our involvement with unconsolidated VIEs primarily consists of assisting in the formation and financing of the entity. We are not required to consolidate these entities because the nature of our involvement with the activities of the VIEs does not give us power over decisions that significantly affect their economic performance.

Our largest exposure to unconsolidated VIEs consists of investments in long-lived, capital intensive energy projects and companies ($6,005 million). The classification of our variable interests in these entities in our financial statements is based on the nature of the entity and the characteristics of the investment we hold.

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INVESTMENTS IN UNCONSOLIDATED VIEs
(In millions)	June 30, 2016		December 31, 2015
Other assets and investment securities	$	5,437	$	745
Financing receivables – net		13		13
Total investments		5,450		758
Contractual obligations to fund investments, guarantees or revolving lines of credit		866		29
Total exposure(a)	$	6,316	$	787

(a) The increase in the unconsolidated VIE disclosure above is a result of adoption of ASU 2015-02 on January 1, 2016. These investments, prior to the adoption of ASU 2015-02, were not considered VIEs. Further information is provided in Note 1.

In addition to the entities included in the table above, we also hold passive investments in investment securities issued by VIEs. Such investments were, by design, investment-grade at issuance and held by a diverse group of investors. Further information about such investments is provided in Note 3.

NOTE 17. INTERCOMPANY TRANSACTIONS

Transactions between related companies are made on an arms-length basis, are eliminated and consist primarily of GE Capital dividends to GE; GE customer receivables sold to GE Capital; GE Capital services for trade receivables management and material procurement; buildings and equipment leased between GE and GE Capital, including sales-leaseback activity; information technology (IT) and other services sold to GE Capital by GE; aircraft engines manufactured by GE that are installed on aircraft purchased by GE Capital from third-party producers for lease to others; expenses related to parent-subsidiary pension plans, and various investments, loans and allocations of GE corporate overhead costs.

These intercompany transactions are reported in the GE and GE Capital columns of our financial statements, but are eliminated in deriving our consolidated financial statements. Effects of these eliminations on our consolidated cash flows from operating, investing and financing activities are $(9,193) million, $2,918 million and $6,275 million in the six months ended June 30, 2016, and $1,105 million, $(1,848) million and $743 million in the six months ended June 30, 2015, respectively. Details of these eliminations are shown below.

	Six months ended June 30
(In millions)	2016		2015
Cash from (used for) operating activities-continuing operations
Combined	$	11,129	$	1,828
GE customer receivables sold to GE Capital		1,499		1,169
GE Capital dividends to GE		(11,000)		(450)
Other reclassifications and eliminations		308		385
	$	1,936	$	2,932
Cash from (used for) investing activities-continuing operations
Combined	$	39,496	$	26,605
GE customer receivables sold to GE Capital		(1,652)		(1,493)
Other reclassifications and eliminations		4,570		(356)
	$	42,414	$	24,756
Cash from (used for) financing activities-continuing operations
Combined	$	(68,960)	$	(17,214)
GE customer receivables sold to GE Capital		153		324
GE Capital dividends to GE		11,000		450
Other reclassifications and eliminations		(4,878)		(30)
	$	(62,685)	$	(16,470)

2016 2Q FORM 10-Q 109

NOTE 18. GUARANTOR FINANCIAL INFORMATION

GUARANTOR AND NON-GUARANTOR CONDENSED CONSOLIDATING FINANCIAL INFORMATION

On October 26, 2015, GE Capital International Funding Company Unlimited Company, formerly GE Capital International Funding Company (the Issuer), then a finance subsidiary of General Electric Capital Corporation, settled its previously announced private offers to exchange (the Exchange Offers) the Issuer's new senior unsecured notes for certain outstanding debt securities of General Electric Capital Corporation.

The new notes that were issued were composed of $15.3 billion of 0.964% Six Month Notes due April 2016 (which have subsequently been repaid upon maturity), £0.8 billion of 1.363% Six Month Notes due April 2016 (which have subsequently been repaid upon maturity), $6.1 billion of 2.342% Notes due 2020, $2.0 billion of 3.373% Notes due 2025 and $11.5 billion of 4.418% Notes due 2035. These notes were fully and unconditionally, jointly and severally guaranteed by both the Company and GE Capital International Holdings Limited (GECIHL) (each a Guarantor, and together, the Guarantors).

Under the terms of a registration rights agreement entered into in connection with the Exchange Offers, the Issuer and the Company agreed to file a registration statement with the U.S. Securities and Exchange Commission (SEC) for an offer to exchange new senior notes of the Issuer registered with the SEC and guaranteed by the Guarantors for certain of the Issuer's outstanding unregistered senior notes. This exchange was completed in July 2016.

PRESENTATION

In connection with the registration of the senior notes, the Company is required to provide certain financial information regarding the Issuer and the Guarantors of the registered securities. Included are the Condensed Consolidating Statements of Earnings and Comprehensive Income for the three months ended June 30, 2016 and 2015 and six months ended June 30, 2016 and 2015, Condensed Consolidating Statements of Financial Position as of June 30, 2016 and December 31, 2015 and Condensed Consolidating Statements of Cash Flows for the six months ended June 30, 2016 and 2015 for:

 General Electric Company (the Parent Company Guarantor) - prepared with investments in subsidiaries accounted for under the equity method of accounting and excluding any inter-segment eliminations. The equity basis earnings (losses) of subsidiaries are reflected in the captions "Equity in earnings (losses) of affiliates" and "Earnings (loss) from discontinued operations, net of tax";

 GE Capital International Funding Company Unlimited Company (the Subsidiary Issuer) – incorporated in May 2015 as a finance subsidiary for debt and reflects activity subsequent to the issuance of new notes on October 26, 2015;

 GE Capital International Holdings Limited (GECIHL) (the Subsidiary Guarantor) - prepared with investments in non-guarantor subsidiaries accounted for under the equity method of accounting and reflects activity subsequent to the GE Capital Reorganization on December 3, 2015. The equity basis earnings (losses) of subsidiaries are reflected in the captions "Equity in earnings (losses) of affiliates" and "Earnings (loss) from discontinued operations, net of tax";

 Non-Guarantor Subsidiaries - prepared on an aggregated basis excluding any elimination or consolidation adjustments and includes predominantly all non-cash adjustments for cash flows;

 Consolidating Adjustments - adjusting entries necessary to consolidate the Parent Company Guarantor with the Subsidiary Issuer, the Subsidiary Guarantor and Non-Guarantor Subsidiaries; and

 Consolidated - prepared on a consolidated basis.

2016 2Q FORM 10-Q 110

CONDENSED CONSOLIDATING STATEMENT OF EARNINGS (LOSS) AND COMPREHENSIVE INCOME (LOSS)
FOR THE THREE MONTHS ENDED JUNE 30, 2016 (UNAUDITED)
		Parent						Non-
		Company		Subsidiary		Subsidiary		Guarantor		Consolidating
(in millions)		Guarantor		Issuer		Guarantor		Subsidiaries		Adjustments		Consolidated
Revenues and other income
Sales of goods and services	$	10,664	$	-	$	-	$	38,202	$	(20,838)	$	28,028
Other income		(264)		-		-		16,043		(12,629)		3,150
Equity in earnings (loss) of affiliates		5,228		-		(5)		15,305		(20,528)		-
GE Capital revenues from services		-		200		722		1,760		(365)		2,316
Total revenues and other income		15,628		200		717		71,310		(54,359)		33,494
Costs and expenses
Interest and other financial charges		851		175		677		1,412		(1,790)		1,326
Investment contracts, insurance losses and
insurance annuity benefits		-		-		-		815		(40)		776
Other costs and expenses		11,601		-		19		37,971		(22,022)		27,569
Total costs and expenses		12,453		175		695		40,198		(23,852)		29,670
Earnings (loss) from continuing
operations before income taxes		3,175		25		21		31,111		(30,508)		3,824
Benefit (provision) for income taxes		256		(3)		(43)		(435)		(254)		(479)
Earnings (loss) from continuing operations		3,430		22		(22)		30,676		(30,762)		3,345
Earnings (loss) from discontinued
operations, net of taxes		(541)		-		(521)		600		(80)		(541)
Net earnings (loss)		2,890		22		(542)		31,277		(30,841)		2,804
Less net earnings (loss) attributable to
noncontrolling interests		-		-		-		(66)		(20)		(86)
Net earnings (loss) attributable to
the Company		2,890		22		(542)		31,342		(30,822)		2,890
Other comprehensive income (loss)		807		-		246		579		(825)		807
Comprehensive income (loss) attributable
to the Company	$	3,696	$	22	$	(297)	$	31,922	$	(31,646)	$	3,696

CONDENSED CONSOLIDATING STATEMENT OF EARNINGS (LOSS) AND COMPREHENSIVE INCOME (LOSS)
FOR THE THREE MONTHS ENDED JUNE 30, 2015 (UNAUDITED)
		Parent						Non-
		Company		Subsidiary		Subsidiary		Guarantor		Consolidating
(in millions)		Guarantor		Issuer		Guarantor		Subsidiaries		Adjustments		Consolidated
Revenues and other income
Sales of goods and services	$	11,463	$	-	$	-	$	33,442	$	(18,849)	$	26,056
Other income		610		-		-		3,352		(3,183)		780
Equity in earnings (loss) of affiliates		2,336		-		-		3,338		(5,673)		-
GE Capital revenues from services		-		-		-		9,068		(6,678)		2,390
Total revenues and other income		14,409		-		-		49,200		(34,383)		29,226
Costs and expenses
Interest and other financial charges		817		-		-		2,277		(2,382)		713
Investment contracts, insurance losses and
insurance annuity benefits		-		-		-		709		(52)		657
Other costs and expenses		12,505		-		-		37,984		(25,244)		25,245
Total costs and expenses		13,322		-		-		40,971		(27,679)		26,614
Earnings (loss) from continuing
operations before income taxes		1,086		-		-		8,229		(6,704)		2,612
Benefit (provision) for income taxes		497		-		-		(2,854)		1,558		(799)
Earnings (loss) from continuing operations		1,584		-		-		5,375		(5,146)		1,813
Earnings (loss) from discontinued
operations, net of taxes		(2,943)		-		-		(367)		363		(2,947)
Net earnings (loss)		(1,360)		-		-		5,008		(4,783)		(1,134)
Less net earnings (loss) attributable to
noncontrolling interests		-		-		-		97		128		225
Net earnings (loss) attributable to
the Company		(1,360)		-		-		4,911		(4,911)		(1,360)
Other comprehensive income (loss)		4,158		-		-		1,206		(1,206)		4,158
Comprehensive income (loss) attributable
to the Company	$	2,798	$	-	$	-	$	6,116	$	(6,116)	$	2,798

2016 2Q FORM 10-Q 111

CONDENSED CONSOLIDATING STATEMENT OF EARNINGS (LOSS) AND COMPREHENSIVE INCOME (LOSS)
FOR THE SIX MONTHS ENDED JUNE 30, 2016 (UNAUDITED)
		Parent						Non-
		Company		Subsidiary		Subsidiary		Guarantor		Consolidating
(in millions)		Guarantor		Issuer		Guarantor		Subsidiaries		Adjustments		Consolidated
Revenues and other income
Sales of goods and services	$	20,676	$	-	$	-	$	71,961	$	(39,295)	$	53,342
Other income		(38)		-		-		19,484		(16,288)		3,158
Equity in earnings (loss) of affiliates		6,135		-		665		28,928		(35,728)		-
GE Capital revenues from services		-		596		1,019		6,344		(3,121)		4,838
Total revenues and other income		26,774		596		1,683		126,717		(94,431)		61,339
Costs and expenses
Interest and other financial charges		1,662		547		1,608		3,171		(3,927)		3,062
Investment contracts, insurance losses and
insurance annuity benefits		-		-		-		1,487		(70)		1,417
Other costs and expenses		22,057		-		55		73,137		(42,452)		52,797
Total costs and expenses		23,719		548		1,663		77,795		(46,449)		57,276
Earnings (loss) from continuing
operations before income taxes		3,055		48		20		48,922		(47,983)		4,063
Benefit (provision) for income taxes		875		(6)		(46)		(958)		(205)		(340)
Earnings (loss) from continuing operations		3,929		42		(26)		47,964		(48,187)		3,723
Earnings (loss) from discontinued
operations, net of taxes		(849)		-		(996)		174		821		(849)
Net earnings (loss)		3,081		42		(1,022)		48,138		(47,366)		2,874
Less net earnings (loss) attributable to
noncontrolling interests		-		-		-		(91)		(116)		(207)
Net earnings (loss) attributable to
the Company		3,081		42		(1,022)		48,230		(47,250)		3,081
Other comprehensive income (loss)		1,631		(12)		63		847		(898)		1,631
Comprehensive income (loss) attributable
to the Company	$	4,711	$	30	$	(958)	$	49,076	$	(48,148)	$	4,711

CONDENSED CONSOLIDATING STATEMENT OF EARNINGS (LOSS) AND COMPREHENSIVE INCOME (LOSS)
FOR THE SIX MONTHS ENDED JUNE 30, 2015 (UNAUDITED)
		Parent						Non-
		Company		Subsidiary		Subsidiary		Guarantor		Consolidating
(in millions)		Guarantor		Issuer		Guarantor		Subsidiaries		Adjustments		Consolidated
Revenues and other income
Sales of goods and services	$	21,135	$	-	$	-	$	64,776	$	(36,172)	$	49,739
Other income		413		-		-		4,399		(3,889)		922
Equity in earnings (loss) of affiliates		(1,084)		-		-		14,976		(13,892)		-
GE Capital revenues from services		-		-		-		17,623		(12,819)		4,804
Total revenues and other income		20,464		-		-		101,775		(66,773)		55,466
Costs and expenses
Interest and other financial charges		1,570		-		-		4,646		(4,886)		1,331
Investment contracts, insurance losses and
insurance annuity benefits		-		-		-		1,354		(84)		1,270
Other costs and expenses		23,020		-		-		78,800		(53,187)		48,633
Total costs and expenses		24,589		-		-		84,800		(58,156)		51,233
Earnings (loss) from continuing
operations before income taxes		(4,125)		-		-		16,975		(8,617)		4,233
Benefit (provision) for income taxes		1,071		-		-		(9,927)		1,763		(7,093)
Earnings (loss) from continuing operations		(3,054)		-		-		7,047		(6,853)		(2,860)
Earnings (loss) from discontinued
operations, net of taxes		(11,879)		-		-		(2,693)		2,689		(11,883)
Net earnings (loss)		(14,933)		-		-		4,355		(4,165)		(14,743)
Less net earnings (loss) attributable to
noncontrolling interests		-		-		-		197		(7)		190
Net earnings (loss) attributable to
the Company		(14,933)		-		-		4,158		(4,158)		(14,933)
Other comprehensive income (loss)		(34)		-		-		(3,785)		3,785		(34)
Comprehensive income (loss) attributable
to the Company	$	(14,967)	$	-	$	-	$	373	$	(373)	$	(14,967)

 

2016 2Q FORM 10-Q 112

CONDENSED CONSOLIDATING STATEMENT OF FINANCIAL POSITION
JUNE 30, 2016 (UNAUDITED)
		Parent						Non-
		Company		Subsidiary		Subsidiary		Guarantor		Consolidating
(In millions)		Guarantor		Issuer		Guarantor		Subsidiaries		Adjustments	Consolidated
Assets
Cash and equivalents	$	2,863	$	-	$	37	$	53,408	$	(4,185)	$	52,123
Investment securities		7		-		-		46,336		(6,623)		39,720
Receivables - net		67,759		17,077		61,339		73,581		(175,943)		43,813
Inventories		5,295		-		-		21,957		(2,528)		24,723
Property, plant and equipment - net		5,494		-		-		46,395		(1,453)		50,436
Investment in subsidiaries(a)		284,657		-		77,908		420,869		(783,434)		-
Goodwill and intangible assets		7,709		-		-		54,590		21,448		83,747
All other assets		15,293		1,558		1,019		227,904		(188,741)		57,033
Assets of discontinued operations		-		-		-		-		49,865		49,865
Total assets	$	389,078	$	18,635	$	140,303	$	945,039	$	(1,091,594)	$	401,461
Liabilities and equity
Short-term borrowings	$	166,625	$	-	$	47,814	$	31,729	$	(214,242)	$	31,927
Accounts payable		3,555		-		-		38,275		(28,715)		13,115
Other current liabilities		12,148		27		58		27,183		(674)		38,742
Long-term and non-recourse borrowings		78,035		18,361		62,445		84,118		(118,449)		124,509
All other liabilities		42,031		90		714		59,862		(13,665)		89,031
Liabilities of discontinued operations		-		-		-		-		14,384		14,384
Total Liabilities		302,394		18,478		111,031		241,166		(361,361)		311,708
Redeemable noncontrolling interests		-		-		-		2,266		803		3,070
GE shareowners' equity		84,991		158		29,271		699,629		(729,058)		84,991
Noncontrolling interests		1,693		-		-		1,977		(1,977)		1,693
Total equity		86,684		158		29,271		701,607		(731,036)		86,684
Total liabilities, redeemable
noncontrolling interests and equity	$	389,078	$	18,635	$	140,303	$	945,039	$	(1,091,594)	$	401,461

(a) Included within the subsidiaries of the Subsidiary Guarantor are cash and cash equivalent balances of $26.0 billion and net assets of discontinued operations of $24.9 billion.

2016 2Q FORM 10-Q 113

CONDENSED CONSOLIDATING STATEMENT OF FINANCIAL POSITION
DECEMBER 31, 2015
		Parent						Non-
		Company		Subsidiary		Subsidiary		Guarantor		Consolidating
(In millions)		Guarantor		Issuer		Guarantor		Subsidiaries		Adjustments	Consolidated
Assets
Cash and equivalents	$	4,137	$	-	$	-	$	86,955	$	(20,609)	$	70,483
Investment securities		14		-		-		40,886		(8,927)		31,973
Receivables - net		88,696		33,232		69,306		75,909		(221,286)		45,856
Inventories		5,447		-		-		19,762		(2,694)		22,515
Property, plant and equipment - net		6,540		-		-		56,808		(9,253)		54,095
Investment in subsidiaries(a)		274,471		-		78,505		405,686		(758,662)		-
Goodwill and intangible assets		7,793		-		-		61,412		14,118		83,323
All other assets		15,732		11		915		247,611		(200,392)		63,876
Assets of discontinued operations		-		-		-		-		120,951		120,951
Total assets	$	402,828	$	33,242	$	148,725	$	995,029	$	(1,086,754)	$	493,071
Liabilities and equity
Short-term borrowings	$	145,051	$	16,204	$	71,862	$	60,601	$	(243,858)	$	49,860
Accounts payable		6,096		-		-		37,636		(30,052)		13,680
Other current liabilities		14,482		(1)		17		34,903		(7,860)		41,540
Long-term and non-recourse borrowings		97,471		16,423		46,392		105,801		(118,345)		147,742
All other liabilities		41,455		489		224		57,996		(9,514)		90,651
Liabilities of discontinued operations		-		-		-		-		46,487		46,487
Total Liabilities		304,555		33,115		118,495		296,937		(363,141)		389,961
Redeemable noncontrolling interests		-		-		-		2,888		84		2,972
GE shareowners' equity		98,274		127		30,230		693,589		(723,946)		98,274
Noncontrolling interests		-		-		-		1,616		248		1,864
Total equity		98,274		127		30,230		695,204		(723,697)		100,138
Total liabilities, redeemable
noncontrolling interests and equity	$	402,828	$	33,242	$	148,725	$	995,029	$	(1,086,754)	$	493,071

(a) Included within the subsidiaries of the Subsidiary Guarantor are cash and cash equivalent balances of $40.1 billion and net assets of discontinued operations of $40.0 billion.

2016 2Q FORM 10-Q 114

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
SIX MONTHS ENDED JUNE 30, 2016 (UNAUDITED)
		Parent						Non-
		Company		Subsidiary		Subsidiary		Guarantor		Consolidating
(In millions)		Guarantor		Issuer		Guarantor		Subsidiaries		adjustments		Consolidated
Cash flows – operating activities
Cash from (used for) operating activities -
continuing operations	$	(21,092)	$	182	$	1,032	$	10,275	$	11,539	$	1,936
Cash from (used for) operating activities -
discontinued operations		(849)		-		(996)		(3,826)		821		(4,849)
Cash from (used for) operating activities		(21,941)		182		37		6,449		12,361		(2,913)
Cash flows – investing activities
Cash from (used for) investing activities –
continuing operations		17,416		16,084		7,995		97,631		(96,712)		42,414
Cash from (used for) investing activities –
discontinued operations		-		-		-		(10,646)		-		(10,646)
Cash from (used for) investing activities		17,416		16,084		7,995		86,985		(96,712)		31,768
Cash flows – financing activities
Cash from (used for) financing activities –
continuing operations		3,252		(16,265)		(7,995)		(142,451)		100,775		(62,685)
Cash from (used for) financing activities –
discontinued operations		-		-		-		(711)		-		(711)
Cash from (used for) financing activities		3,252		(16,265)		(7,995)		(143,162)		100,775		(63,396)
Effect of currency exchange rate changes
on cash and equivalents		-		-		-		(24)		-		(24)
Increase (decrease) in cash and equivalents		(1,274)		-		37		(49,752)		16,424		(34,565)
Cash and equivalents at beginning of year		4,137		-		-		107,350		(20,609)		90,878
Cash and equivalents at June 30		2,863		-		37		57,598		(4,185)		56,313
Less cash and equivalents of discontinued
operations at June 30		-		-		-		4,190		-		4,190
Cash and equivalents of continuing operations
at June 30	$	2,863	$	-	$	37	$	53,408	$	(4,185)	$	52,123

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
SIX MONTHS ENDED JUNE 30, 2015 (UNAUDITED)
		Parent						Non-
		Company		Subsidiary		Subsidiary		Guarantor		Consolidating
(In millions)		Guarantor		Issuer		Guarantor		Subsidiaries		adjustments		Consolidated
Cash flows – operating activities
Cash from (used for) operating activities -
continuing operations	$	(13,885)	$	-	$	-	$	66,152	$	(49,336)	$	2,932
Cash from (used for) operating activities -
discontinued operations		(11,879)		-		-		18,644		2,689		9,454
Cash from (used for) operating activities		(25,763)		-		-		84,795		(46,647)		12,385
Cash flows – investing activities
Cash from (used for) investing activities –
continuing operations		26,326		-		-		(120,772)		119,202		24,756
Cash from (used for) investing activities –
discontinued operations		-		-		-		(8,209)		-		(8,209)
Cash from (used for) investing activities		26,326		-		-		(128,981)		119,202		16,547
Cash flows – financing activities
Cash from (used for) financing activities –
continuing operations		(2,388)		-		-		58,236		(72,317)		(16,470)
Cash from (used for) financing activities –
discontinued operations		-		-		-		(2,240)		-		(2,240)
Cash from (used for) financing activities		(2,388)		-		-		55,996		(72,317)		(18,710)
Effect of currency exchange rate changes
on cash and equivalents		-		-		-		(2,887)		-		(2,887)
Increase (decrease) in cash and equivalents		(1,826)		-		-		8,923		238		7,336
Cash and equivalents at beginning of year		4,820		-		-		108,400		(22,203)		91,017
Cash and equivalents at June 30		2,994		-		-		117,324		(21,965)		98,353
Less cash and equivalents of discontinued
operations at June 30		-		-		-		19,992		-		19,992
Cash and equivalents of continuing operations
at June 30	$	2,994	$	-	$	-	$	97,331	$	(21,965)	$	78,360

2016 2Q FORM 10-Q 115

NOTE 19. SUPPLEMENTAL INFORMATION

DERIVATIVES AND HEDGING

Note 15 provides the primary information related to our derivatives and hedging activity. This section provides certain supplemental information about this topic.

Changes in the fair value of derivatives are recorded in a separate component of equity (referred to below as Accumulated Other Comprehensive Income, or AOCI) and are recorded in earnings in the period in which the hedged transaction occurs. The table below summarizes this activity by hedging instrument.

FAIR VALUE OF DERIVATIVES
	June 30, 2016				December 31, 2015
(In millions)		Assets		Liabilities		Assets		Liabilities
Derivatives accounted for as hedges
Interest rate contracts	$	5,773	$	24	$	4,132	$	158
Currency exchange contracts		335		630		1,109		1,383
Other contracts		-		-		-		-
		6,108		653		5,241		1,541
Derivatives not accounted for as hedges
Interest rate contracts		119		101		119		44
Currency exchange contracts		1,196		3,700		1,715		4,048
Other contracts		286		23		315		49
		1,601		3,823		2,149		4,141
Gross derivatives recognized in statement of
financial position
Gross derivatives		7,709		4,477		7,391		5,681
Gross accrued interest		760		32		1,001		(13)
		8,469		4,509		8,392		5,668
Amounts offset in statement of financial position
Netting adjustments(a)		(2,978)		(2,969)		(4,326)		(4,326)
Cash collateral(b)		(3,843)		(861)		(1,784)		(642)
		(6,821)		(3,830)		(6,110)		(4,968)
Net derivatives recognized in statement of
financial position
Net derivatives		1,648		678		2,282		700
Amounts not offset in statement of
financial position
Securities held as collateral(c)		(1,038)		-		(1,277)		-
Net amount	$	610	$	678	$	1,005	$	700

Derivatives are classified in the captions "All other assets" and "All other liabilities" and the related accrued interest is classified in "Other GE Capital receivables" and "All other liabilities" in our financial statements.

(a) The netting of derivative receivables and payables is permitted when a legally enforceable master netting agreement exists. Amounts include fair value adjustments related to our own and counterparty non-performance risk. At June 30, 2016 and December 31, 2015, the cumulative adjustment for non-performance risk was $(9) million and insignificant, respectively.

(b) Excluded excess cash collateral received and posted of $61 million and $79 million at June 30, 2016, respectively, and $48 million and $379 million at December 31, 2015, respectively.

(c) Excluded excess securities collateral received of $54 million and $107 million at June 30, 2016 and December 31, 2015, respectively.

2016 2Q FORM 10-Q 116

CASH FLOW HEDGE ACTIVITY
					Gain (loss) reclassified
	Gain (loss) recognized in AOCI				from AOCI into earnings
	for the three months ended June 30				for the three months ended June 30
(In millions)	2016		2015		2016		2015
Interest rate contracts	$	12	$	(7)	$	(26)	$	(22)
Currency exchange contracts		1		452		40		437
Commodity contracts		(1)		1		(1)		-
Total(a)	$	12	$	446	$	14	$	415

CASH FLOW HEDGE ACTIVITY
					Gain (loss) reclassified
	Gain (loss) recognized in AOCI				from AOCI into earnings
	for the six months ended June 30				for the six months ended June 30
(In millions)	2016		2015		2016		2015
Interest rate contracts	$	31	$	(10)	$	(55)	$	(61)
Currency exchange contracts		(77)		(625)		(13)		(520)
Commodity contracts		-		(2)		(3)		(1)
Total(a)	$	(45)	$	(637)	$	(71)	$	(582)

(a) Gain (loss) is recorded in GE Capital revenues from services, interest and other financial charges, and other costs and expenses when reclassified to earnings.

The total pre-tax amount in AOCI related to cash flow hedges of forecasted transactions was a $23 million loss at June 30, 2016. We expect to transfer $93 million loss to earnings as an expense in the next 12 months contemporaneously with the earnings effects of the related forecasted transactions. In both the six months ended 2016 and 2015, we recognized insignificant gains and losses related to hedged forecasted transactions and firm commitments that did not occur by the end of the originally specified period. At June 30, 2016 and 2015, the maximum term of derivative instruments that hedge forecasted transactions was 16 years and 17 years, respectively. See Note12 for additional information about reclassifications out of AOCI.

For cash flow hedges, the amount of ineffectiveness in the hedging relationship and amount of the changes in fair value of the derivatives that are not included in the measurement of ineffectiveness were insignificant for each reporting period.

COUNTERPARTY CREDIT RISK

Fair values of our derivatives can change significantly from period to period based on, among other factors, market movements and changes in our positions. We manage counterparty credit risk (the risk that counterparties will default and not make payments to us according to the terms of our agreements) on an individual counterparty basis. Where we have agreed to netting of derivative exposures with a counterparty, we net our exposures with that counterparty and apply the value of collateral posted to us to determine the exposure. We actively monitor these net exposures against defined limits and take appropriate actions in response, including requiring additional collateral.

As discussed above, we have provisions in certain of our master agreements that require counterparties to post collateral (typically, cash or U.S. Treasury securities) when our receivable due from the counterparty, measured at current market value, exceeds a specified limit. The fair value of such collateral was $4,882 million at June 30, 2016, of which $3,843 million was cash and $1,038 million was in the form of securities held by a custodian for our benefit. Under certain of these same agreements, we post collateral to our counterparties for our derivative obligations, the fair value of which was $861 million at June 30, 2016. At June 30, 2016, our exposure to counterparties (including accrued interest), net of collateral we hold, was $511 million. This excludes exposure related to embedded derivatives.

Additionally, our master agreements typically contain mutual downgrade provisions that provide the ability of each party to require termination if the long-term credit rating of the counterparty were to fall below A-/A3 or other ratings levels agreed upon with the counterparty. In certain of these master agreements, each party also has the ability to require termination if the short-term rating of the counterparty were to fall below A-1/P-1. Our master agreements also typically contain provisions that provide termination rights upon the occurrence of certain other events, such as a bankruptcy or events of default by one of the parties. If an agreement was terminated under any of these circumstances, the termination amount payable would be determined on a net basis and could also take into account any collateral posted. The net amount of our derivative liability, after consideration of collateral posted by us and outstanding interest payments was $721 million at June 30, 2016. This excludes exposure related to embedded derivatives.

2016 2Q FORM 10-Q 117

EXHIBITS

Exhibit 10(a)	Form of Agreement for Long-Term Performance Award Grants to Executive Officers under the General Electric Company 2007 Long-Term Incentive Plan (as amended and restated April 25, 2012).
Exhibit 11 Exhibit 12(a) Exhibit 12(b)	Computation of Per Share Earnings.* Computation of Ratio of Earnings to Fixed Charges. Computation of Ratio of Earnings to Fixed Charges and Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends..
Exhibit 31(a)	Certification Pursuant to Rules 13a14(a) or 15d14(a) under the Securities Exchange Act of 1934, as Amended.
Exhibit 31(b)	Certification Pursuant to Rules 13a14(a) or 15d14(a) under the Securities Exchange Act of 1934, as Amended.
Exhibit 32	Certification Pursuant to 18 U.S.C. Section 1350.
Exhibit 101	The following materials from General Electric Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2016, formatted in XBRL (eXtensible Business Reporting Language); (i) Statement of Earnings (Loss) for the three months ended June 30, 2016 and 2015, (ii) Consolidated Statement of Comprehensive Income (Loss) for the three months ended June 30, 2016 and 2015, (iii) Consolidated Statement of Changes in Shareowners' Equity for the six months ended June 30, 2016 and 2015, (iv) Statement of Financial Position at June 30, 2016 and December 31, 2015, (v) Statement of Cash Flows for the six months ended June 30, 2016 and 2015, and (vi) Notes to Consolidated Financial Statements.
	*	Data required by Financial Accounting Standards Board Accounting Standards Codification 260, Earnings Per Share, is provided in Note 13 to the Consolidated Financial Statements in this Report.

2016 2Q FORM 10-Q 118

FORM 10-Q CROSS REFERENCE INDEX

Item Number		Page(s)
Part I – FINANCIAL INFORMATION
Item 1.	Financial Statements	61-117
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations	4-55,57
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	Not applicable(a)
Item 4.	Controls and Procedures	56
Part II – OTHER INFORMATION
Item 1.	Legal Proceedings	58-59
Item 1A.	Risk Factors	Not applicable(b)
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	56
Item 3.	Defaults Upon Senior Securities	Not applicable
Item 4.	Mine Safety Disclosures	Not applicable
Item 5.	Other Information	Not applicable
Item 6.	Exhibits	118
Signatures		120

(a) There have been no significant changes to our market risk since December 31, 2015. For a discussion of our exposure to market risk, refer to our Annual Report on Form 10-K for the year ended December 31, 2015.

(b) There have been no significant changes to our risk factors since December 31, 2015. For a discussion of our risk factors, refer to our Annual Report on Form 10-K for the year ended December 31, 2015.

2016 2Q FORM 10-Q 119

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	General Electric Company (Registrant)
August 1, 2016	/s/ Jan R. Hauser
Date	Jan R. Hauser Vice President and Controller Duly Authorized Officer and Principal Accounting Officer

2016 2Q FORM 10-Q 120

EX-10.A

Exhibit 10(a)

FORM OF AGREEMENT FOR

LONG TERM PERFORMANCE AWARD

GRANTS TO EXECUTIVE OFFICERS

GE 2007 LONG TERM INCENTIVE PLAN

Grant of Contingent 2016-2018 Long Term Performance Award

1. Grant of Contingent 2016-2018 Long Term Performance Award.  The Management Development and Compensation Committee ("Committee") of the Board of Directors ("Board") of General Electric Company ("Company") approved a Contingent 2016-2018 Long Term Performance Award ("Award") for <Name> ("Grantee"), under and subject to the terms of the Company's 2007 Long Term Incentive Plan ("Plan").  This Award provides a potential payment to the Grantee in 2019 as described below that, in accordance with the terms of the Award, will be based upon the attainment of certain performance goals from January 1, 2016 through December 31, 2018 and the Grantee's annual compensation rate, each as explained below.

2. Purpose of Award and Performance Goals.  This Award was made to provide additional emphasis on and incentive for the attainment of the following Company performance goals on an overall basis during the three-year performance period from January 1, 2016 through December 31, 2018.

		Performance Goals
Performance Measurements	Threshold		Target	Maximum
Cumulative Industrial Operating + Verticals Earnings Per Share ($)	$5.05		$X.XX	$5.55
2018 Industrial Operating Profit Margin (%)	15.0%		XX.X%	17.0%
2018 Industrial Return on Total Capital (%)	16.0%		XX.X%	18.0%
Cumulative Total Cash Generation ($B)	$70.0		$XX.X	$97.0
Cumulative Cash Returned to Investors ($B)	$55.0		$XX.X	$67.0

Attainment of the performance goals will be determined solely by the Committee and will be based on the Company's performance results, adjusted for any unusual items, all as defined and interpreted by the Committee.

3. Payment.  The Award will be payable in cash, or Company common stock or similar equity, or a combination thereof, at the discretion of the Committee, to the Grantee as soon as practicable following the Committee's regularly scheduled meeting in February 2019, but in any event no later than December 31, 2019, provided the Committee determines that the Company has attained or exceeded at least one of its threshold goals set forth in the table above.  The table below shows the percentage of the Grantee's annual compensation rate that would be payable if the specified goals were to be precisely attained (i.e., threshold, target or maximum) for all of the performance measurements set forth in the table above.  For purposes of this Award, "annual compensation rate" refers to annual base salary rate as of December 31, 2018, and the average of the Grantee's award earned under the Company's Annual Executive Incentive Plan for each of the years in the performance period (2016, 2017 and 2018).

	Threshold	Target	Maximum
Potential Payment as % of Annual Compensation Rate	XX.X%	XXX.X%	XXX.X%

In calculating the actual amount of the payment, if any, that will be payable hereunder, each of the performance measurements will be weighted equally (i.e., 20%), and payment will be prorated if performance falls between goals. Payment will be reduced by any taxes that must be paid or withheld as determined by the Company. Further, no award payout to a named executive officer

of the Company may exceed one tenth of one percent of the Company's aggregate adjusted net earnings during the performance period.

3a. Interim Installments (for Executive Officers).  A portion of the Award is payable to the Grantee in progress installments that will be credited to a non-qualified deferral account, without interest, following the end of the first and second years in the three-year performance period, based on the extent to which the performance goals are satisfied as of each year-end.  The determination of the extent to which the performance goals are satisfied will be based on the forecasted performance outlook and projected attainment of the performance goals and award payout % for the three-year period determined as of the end of the first and second performance years, respectively.  Each installment will be calculated by multiplying the Grantee's annual compensation rate (as of December of the applicable performance year) by the projected award payout % for the three-year period (but, for the first year, up to no more than the target payout level) by 30%.  Following the third year, the Grantee will receive any amounts credited, without interest, adjusted for any additional amount due or credited amount forfeited, such that the total amount to be paid, if any, reflects the Company's actual three-year performance pursuant to the provisions, and subject to all other terms and conditions of, this Award.

4. Alteration/Termination.  The Award will be cancelled if the Grantee's employment with the Company or any of its affiliates terminates before the payment of the Award for any reason other than death, retirement, disability or business disposition.  In addition, the Committee shall have the right at any time in its sole discretion to waive any provisions of, or amend, alter, suspend, discontinue or terminate the Award without the consent of the Grantee.

5. Plan Terms Incorporated.  All terms used in this Award have the same meaning as given such terms in the Plan.  This Award incorporates the provisions of the Plan, a copy of which will be furnished upon request, and such provisions shall be deemed a part of the grant for all purposes.

6. Modification, Waiver or Amendment.  This Award and the Plan contain all of the provisions applicable to the Award granted herein and no other statements, documents or practices may modify, waive or alter such provisions unless expressly set forth in writing, authorized by the Committee, and delivered to the Grantee.

7. Acknowledgement and Agreement.  The Grantee hereby acknowledges receipt of this Award and agrees to the terms herein.  Without in any way limiting the authority of the Committee with respect to this Award, including Section 4 hereof, the Grantee agrees that:

If, prior to the payment of the Award, the Grantee voluntarily terminates employment or fails to accept a comparable offer of employment from a successor employer, or if the Grantee is removed from his or her position for any reason, the Grantee will not be entitled to any payment under this Award. Further, if the Grantee terminates employment for any reason prior to December 31, 2016, the Grantee will not be entitled to any payment under this Award.

If, on or after December 31, 2016, and prior to December 31, 2018, the Grantee retires, becomes disabled, transfers to a successor employer upon a business disposition, or dies and was an Award participant for 6 months or more, and would have received a payment under this Award but for such retirement, disability, business disposition or death, the Grantee or the Grantee's estate in the case of death, will be given a pro-rata payment in 2019, based on the number of months worked for the Company while an Award participant during the performance period, subject to the discretion of the Committee to reduce or cancel such payment. Further, in the event of a business disposition, the Committee may condition payment of any such pro-rata award (based on employment through the applicable Closing Date) on continued employment with the successor employer through the normal payout date, and in no event shall any employment contract, agreement, statements, documents or practices supersede the Committee's determinations.

If the Board determines that the Grantee has engaged in conduct detrimental to the Company that resulted in a material inaccuracy in the Company's financial statements or performance metrics that affects the Award, the Board may take a range of actions to remedy the conduct that include, without limit, seeking reimbursement of any portion of the Award paid to the Grantee that is greater than would have been paid if calculated based on

the accurate financial statements or performance metrics; provided that if the Board determines that the Grantee engaged in fraudulent misconduct it will seek such reimbursement.  The terms and conditions of this Award, including the reimbursement requirement in this paragraph, shall survive the payment of the Award.

8. Interpretation and Application of Terms.  Any and all determinations with respect to the interpretation and application of this Award, including the attainment or measurement of performance goals and the determination of the Grantee's right to, or the amount (if any) of, any payment pursuant hereto, shall lie solely with the Committee.  All such determinations are final and binding upon the Grantee, their estate, and any person seeking to assert a claim through or on their behalf, and neither the Grantee nor any other person shall have any right to appeal such determinations.

              General Electric Company             

                         [DATE]                                       

Grantee: <Name>

________________________________

Grantee Signature

_________________________________

Date

***Awards must be acknowledged***

EX-12.A

Exhibit 12(a)
General Electric Company
Computation of Ratio of Earnings to Fixed Charges
Six months ended June 30, 2016
(Unaudited)
(Dollars in millions)
General Electric Company and consolidated affiliates
Earnings(a)	$	4,075
Plus:
Interest and other financial charges included in expense(b)		3,596
One-third of rental expense(c)		227
Adjusted "earnings"	$	7,898
Fixed charges:
Interest and other financial charges included in expense(b)	$	3,596
Interest capitalized		18
One-third of rental expense(c)		227
Total fixed charges	$	3,841
Ratio of earnings to fixed charges		2.06

(a) Earnings before income taxes, noncontrolling interests, discontinued operations and undistributed earnings of equity investees.

(b) Included interest on tax deficiencies and interest on discontinued operations.

(c) Considered to be representative of interest factor in rental expense.

EX-12.B

Exhibit 12(b)
General Electric Company
Computation of Ratio of Earnings to Fixed Charges and
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
Six months ended June 30, 2016
(Unaudited)
(Dollars in millions)
General Electric Company and consolidated affiliates
Earnings(a)	$	4,075
Plus:
Interest and other financial charges included in expense(b)		3,596
One-third of rental expense(c)		227
Adjusted "earnings"	$	7,898
Fixed charges:
Interest and other financial charges included in expense(b)	$	3,596
Interest capitalized		18
One-third of rental expense(c)		227
Total fixed charges	$	3,841
Ratio of earnings to fixed charges		2.06
Preferred stock dividend requirements	$	441
Ratio of earnings before provision for
income taxes to earnings from
continuing operations		1.09
Preferred stock dividend factor on pre-tax basis	$	481
Fixed charges		3,841
Total fixed charges and preferred stock
dividend requirements	$	4,322
Ratio of earnings to combined fixed
charges and preferred stock dividends		1.83

(a) Earnings before income taxes, noncontrolling interests, discontinued operations and undistributed earnings of equity investees.

(b) Included interest on tax deficiencies and interest on discontinued operations.

(c) Considered to be representative of interest factor in rental expense.

EX-31.A

Exhibit 31(a)

Certification Pursuant to Rules 13a-14(a) or 15d-14(a) under the Securities Exchange Act of 1934, as Amended

I, Jeffrey R. Immelt, certify that:
1.	I have reviewed this quarterly report on Form 10-Q of General Electric Company;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
	a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c)	Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
	d)	Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5.	The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
	a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
	b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: August 1, 2016

/s/ Jeffrey R. Immelt

Jeffrey R. Immelt

Chief Executive Officer

EX-31.B

Exhibit 31(b)

Certification Pursuant to Rules 13a-14(a) or 15d-14(a) under the Securities Exchange Act of 1934, as Amended

I, Jeffrey S. Bornstein, certify that:
1.	I have reviewed this quarterly report on Form 10-Q of General Electric Company;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
	a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c)	Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
	d)	Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5.	The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
	a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
	b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: August 1, 2016

/s/ Jeffrey S. Bornstein

Jeffrey S. Bornstein

Chief Financial Officer

EX-32

Exhibit 32

Certification Pursuant to 18 U.S.C. Section 1350

In connection with the Quarterly Report of General Electric Company (the "registrant") on Form 10-Q for the period ended June 30, 2016, as filed with the Securities and Exchange Commission on the date hereof (the "report"), we, Jeffrey R. Immelt and Jeffrey S. Bornstein, Chief Executive Officer and Chief Financial Officer, respectively, of the registrant, certify, pursuant to 18 U.S.C. § 1350, that to our knowledge:

(1)	The report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and
(2)	The information contained in the report fairly presents, in all material respects, the financial condition and results of operations of the registrant.

August 1, 2016

/s/ Jeffrey R. Immelt

Jeffrey R. Immelt

Chief Executive Officer

/s/ Jeffrey S. Bornstein

Jeffrey S. Bornstein

Chief Financial Officer

XML

Document and Entity Information	6 Months Ended
	Jun. 30, 2016 $ / shares shares
Document and Entity Information [Abstract]
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Amendment Flag	false
Entity Registrant Name	General Electric Company
Trading Symbol	GE
Entity Central Index Key	0000040545
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding | shares	8,961,233,000
Common stock, par value per share | $ / shares	$ 0.06
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2016
Entity Well-known Seasoned Issuer	Yes
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No

XML

Statement of Earnings (Unaudited) - USD ($) $ in Millions		3 Months Ended				6 Months Ended
		Jun. 30, 2016		Jun. 30, 2015		Jun. 30, 2016		Jun. 30, 2015
Revenues and other income
Sales of goods		$ 18,865		$ 18,543		$ 36,073		$ 35,143
Sales of services		9,163		7,513		17,269		14,596
Other income		3,150		780		3,158		922
GE Capital earnings (loss) from continuing operations		0		0		0		0
GE Capital revenues from services		2,316		2,390		4,838		4,804
Total revenues and other income		33,494		29,226		61,339		55,466
Costs and expenses
Cost of goods sold		15,690		15,029		30,278		28,550
Cost of services sold		6,693		5,543		12,466		10,705
Selling, general and administrative expenses		4,883		4,385		9,491		8,800
Interest and other financial charges		1,326		713		3,062		1,331
Investment contracts, insurance losses and insurance annuity benefits		776		657		1,417		1,270
Other costs and expenses		303		287		562		578
Total costs and expenses		29,670		26,614		57,276		51,233
Earnings (loss) from continuing operations before income taxes		3,824		2,612		4,063		4,233
Benefit (provision) for income taxes		(479)		(799)		(340)		(7,093)
Earnings (loss) from continuing operations		3,345		1,813		3,723		(2,860)
Earnings (loss) from discontinued operations, net of taxes (Note 2)		(541)		2,947		(849)		(11,883)
Net earnings (loss)		2,804		(1,134)		2,874		(14,743)
Less net earnings (loss) attributable to noncontrolling interests		(86)		225		(207)		190
Net earnings (loss) attributable to the Company		2,890		(1,360)		3,081		(14,933)
Preferred stock dividends		(152)		0		(441)		0
Net earnings (loss) attributable to GE common shareowners		2,738		(1,360)		2,639		(14,933)
Amounts attributable to GE common shareowners
Earnings (loss) from continuing operations		3,345		1,813		3,723		(2,860)
Less net earnings (loss) from continuing operations, attributable to noncontrolling interests		(89)		133		(210)		9
Earnings (loss) from continuing operations attributable to the Company		3,433		1,679		3,933		(2,869)
Preferred stock dividends		(152)		0		(441)		0
Net earnings (loss) from continuing operations attributable to GE common shareowners		3,281		1,679		3,492		(2,869)
Earnings (loss) from discontinued operations, net of taxes		(541)		(2,947)		(849)		(11,883)
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations		3		92		3		181
Net earnings (loss) attributable to GE common shareowners		$ 2,738		$ (1,360)		$ 2,639		$ (14,933)
Earnings (loss) from continuing operations
Diluted earnings (loss) per share		$ 0.36		$ 0.17		$ 0.38		$ (0.29)
Basic earnings (loss) per share		0.36		0.17		0.38		(0.29)
Net earnings
Diluted earnings (loss) per share		0.3		(0.13)		0.28		(1.48)
Basic earnings (loss) per share		0.3		(0.13)		0.29		(1.48)
Dividends declared per common share		$ 0.23		$ 0.23		$ 0.46		$ 0.46
GE
Revenues and other income
Sales of goods	[1]	$ 18,912		$ 18,549		$ 36,124		$ 35,197
Sales of services	[1]	9,238		7,592		17,432		14,784
Other income	[1]	3,054		769		3,146		822
GE Capital earnings (loss) from continuing operations	[1]	(600)		(332)		(1,492)		(6,053)
GE Capital revenues from services	[1]	0		0		0		0
Total revenues and other income	[1]	30,604		26,578		55,210		44,748
Costs and expenses
Cost of goods sold	[1],[2]	15,742		15,035		30,339		28,606
Cost of services sold	[1],[2]	6,216		5,073		11,509		9,827
Selling, general and administrative expenses	[1]	4,231		3,661		8,214		7,486
Interest and other financial charges	[1]	567		414		1,007		803
Investment contracts, insurance losses and insurance annuity benefits	[1]	0		0		0		0
Other costs and expenses	[1]	0		0		0		0
Total costs and expenses	[1]	26,756		24,183		51,069		46,722
Earnings (loss) from continuing operations before income taxes	[1]	3,847		2,395		4,141		(1,974)
Benefit (provision) for income taxes	[1]	(648)		(583)		(849)		(890)
Earnings (loss) from continuing operations	[1]	3,200		1,811		3,292		(2,864)
Earnings (loss) from discontinued operations, net of taxes (Note 2)	[1]	(544)		(3,039)		(852)		(12,064)
Net earnings (loss)		2,656		(1,227)		2,440	[3]	(14,927)	[3]
Less net earnings (loss) attributable to noncontrolling interests		(82)		132		(199)	[3]	6	[3]
Net earnings (loss) attributable to the Company		2,738		(1,360)		2,639	[3]	(14,933)	[3]
Preferred stock dividends	[1]	0		0		0		0
Net earnings (loss) attributable to GE common shareowners	[1]	2,738		(1,360)		2,639		(14,933)
Amounts attributable to GE common shareowners
Earnings (loss) from continuing operations	[1]	3,200		1,811		3,292		(2,864)
Less net earnings (loss) from continuing operations, attributable to noncontrolling interests	[1]	(82)		132		(199)		6
Earnings (loss) from continuing operations attributable to the Company	[1]	3,281		1,679		3,492		(2,869)
Preferred stock dividends	[1]	0		0		0		0
Net earnings (loss) from continuing operations attributable to GE common shareowners	[1]	3,281		1,679		3,492		(2,869)
Earnings (loss) from discontinued operations, net of taxes		(544)		(3,039)		(852)	[3]	(12,064)	[3]
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations		0	[1]	0	[1]	0		0
Net earnings (loss) attributable to GE common shareowners	[1]	2,738		(1,360)		2,639		(14,933)
GE Capital
Revenues and other income
Sales of goods		29		22		54		43
Sales of services		0		0		0		0
Other income		0		0		0		0
GE Capital earnings (loss) from continuing operations		0		0		0		0
GE Capital revenues from services		2,742		2,668		5,602		5,513
Total revenues and other income		2,771		2,690		5,656		5,556
Costs and expenses
Cost of goods sold	[2]	24		22		44		40
Cost of services sold	[2]	552		550		1,120		1,066
Selling, general and administrative expenses		733		806		1,607		1,597
Interest and other financial charges		958		423		2,389		762
Investment contracts, insurance losses and insurance annuity benefits		815		706		1,486		1,347
Other costs and expenses		313		300		581		590
Total costs and expenses		3,394		2,805		7,227		5,402
Earnings (loss) from continuing operations before income taxes		(623)		(115)		(1,571)		153
Benefit (provision) for income taxes		168		(216)		509		(6,203)
Earnings (loss) from continuing operations		(454)		(331)		(1,062)		(6,050)
Earnings (loss) from discontinued operations, net of taxes (Note 2)		(541)		(2,944)		(849)		(11,879)
Net earnings (loss)		(995)		(3,275)		(1,911)		(17,929)
Less net earnings (loss) attributable to noncontrolling interests		(4)		93		(8)		184
Net earnings (loss) attributable to the Company		(991)		(3,368)		(1,903)		(18,113)
Preferred stock dividends		(152)		(161)		(441)		(161)
Net earnings (loss) attributable to GE common shareowners		(1,143)		(3,529)		(2,344)		(18,274)
Amounts attributable to GE common shareowners
Earnings (loss) from continuing operations		(454)		(331)		(1,062)		(6,050)
Less net earnings (loss) from continuing operations, attributable to noncontrolling interests		(7)		1		(11)		3
Earnings (loss) from continuing operations attributable to the Company		(448)		(332)		(1,051)		(6,053)
Preferred stock dividends		(152)		(161)		(441)		(161)
Net earnings (loss) from continuing operations attributable to GE common shareowners		(600)		(493)		(1,492)		(6,215)
Earnings (loss) from discontinued operations, net of taxes		(541)		(2,944)		(849)		(11,879)
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations		3		92		3		181
Net earnings (loss) attributable to GE common shareowners		$ (1,143)		$ (3,529)		$ (2,344)		$ (18,274)

[1] Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis. See Note 1.

[2] Includes revisions to previously reported amounts, which increased GE cost of goods sold and decreased GE cost of services sold by $728 million and $1,129 million for the three and six months ended June 30, 2015, respectively.

[3] Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis.

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Consolidated Statement of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Statement of Comprehensive Income [Abstract]
Net earnings (loss)	$ 2,804	$ (1,134)	$ 2,874	$ (14,743)
Less net earnings (loss) attributable to noncontrolling interests	(86)	225	(207)	190
Net earnings (loss) attributable to the Company	2,890	(1,360)	3,081	(14,933)
Other comprehensive income (loss)
Investment securities	397	(682)	617	(449)
Currency translation adjustments	55	1,815	57	(3,521)
Cash flow hedges	(25)	86	30	40
Benefit plans	382	2,951	933	3,860
Other comprehensive income (loss)	810	4,170	1,636	(70)
Less Other comprehensive income (loss) attributable to noncontrolling interests	(3)	(12)	(6)	36
Other comprehensive income (loss) attributable to the Company	807	4,158	1,631	(34)
Comprehensive income (loss)	3,614	3,035	4,510	(14,813)
Less Comprehensive income (loss) attributable to noncontrolling interests	(82)	237	(201)	154
Comprehensive income (loss) attributable to the Company	$ 3,696	$ 2,798	$ 4,711	$ (14,967)

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Consolidated Statement of Changes in Shareowners' Equity (Unaudited) $ in Millions	USD ($)
Statement Of Stockholders Equity [Abstract]
Noncontrolling interests	$ 8,674
GE shareowners' equity opening balance at Dec. 31, 2014	128,159
Statement Of Stockholders Equity [Abstract]
Net earnings (loss) attributable to the Company	(14,933)
Dividends and other transactions with shareowners	(4,644)
Redemption value adjustment	(1)
Other comprehensive income (loss) attributable to GE	(34)
Net sales (purchases) of shares for treasury(a)	1,042
Changes in other capital	(86)
Equity ending balance at Jun. 30, 2015	109,503
Statement Of Stockholders Equity [Abstract]
Noncontrolling interests	8,738	[1]
Net earnings (loss) attributable to the Company	(1,360)
Redemption value adjustment	1
Other comprehensive income (loss) attributable to GE	4,158
Equity ending balance at Jun. 30, 2015	109,503
Statement Of Stockholders Equity [Abstract]
Noncontrolling interests	8,776	[1]
Total equity balance	118,279
Noncontrolling interests	1,864	[1]
Total equity balance	100,138
GE shareowners' equity opening balance at Dec. 31, 2015	98,274
Statement Of Stockholders Equity [Abstract]
Net earnings (loss) attributable to the Company	3,081
Dividends and other transactions with shareowners	(4,680)
Redemption value adjustment	(110)
Other comprehensive income (loss) attributable to GE	1,631
Net sales (purchases) of shares for treasury(a)	(12,585)
Changes in other capital	(618)
Equity ending balance at Jun. 30, 2016	84,991
Statement Of Stockholders Equity [Abstract]
Noncontrolling interests	1,667	[1]
Net earnings (loss) attributable to the Company	2,890
Redemption value adjustment	79
Other comprehensive income (loss) attributable to GE	807
Equity ending balance at Jun. 30, 2016	84,991
Statement Of Stockholders Equity [Abstract]
Noncontrolling interests	1,693	[1]
Total equity balance	$ 86,684

[1] (c) Included AOCI attributable to noncontrolling interests of $(259) mi llion and $(264) million at June 30, 2016 and December 31, 2015 , respectively.

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Statement of Financial Position (Unaudited) - USD ($) $ in Millions		Jun. 30, 2016	Dec. 31, 2015
Assets
Cash and equivalents		$ 52,123	$ 70,483
Investment securities (Note 3)		39,720	31,973
Current receivables		25,128	27,022
Inventories (Note 4)		24,723	22,515
Financing receivables - net (Note 5)		12,001	12,052
Other GE Capital Receivables		6,684	6,782
Property, plant and equipment - net (Note 6)		50,436	54,095
Receivables from GE Capital (debt assumption)		0	0
Investment in GE Capital		0	0
Goodwill (Note 7)		67,097	65,526
Other intangible assets - net (Note 7)		16,650	17,797
Contract Assets (Note 8)		23,458	21,156
All other assets		31,274	36,797
Deferred income taxes (Note 11)		2,242	3,105
Assets of businesses held for sale (Note 2)		59	2,818
Assets of discontinued operations (Note 2)		49,865	120,951
Total assets	[1]	401,461	493,071
Liabilities and equity
Short-term borrowings (Note 9)		31,927	49,860
Accounts payable, principally trade accounts		13,115	13,680
Progress collections and price adjustments accrued		16,218	15,776
Dividends payable		2,105	2,167
Other GE current liabilities		20,420	23,597
Non-recourse borrowings of consolidated securitization entities (Note 9)		2,005	3,083
Long-term borrowings (Note 9)		122,504	144,659
Investment contracts, insurance liabilities and insurance annuity benefits		27,056	25,692
Non-current compensation and benefits		40,445	40,487
All other liabilities		21,475	23,611
Liabilities of businesses held for sale (Note 2)		56	861
Liabilities of discontinued operations (Note 2)		14,384	46,487
Total liabilities(a)	[1]	311,708	389,961
Redeemable noncontrolling interest (Note 12)		3,070	2,972
Preferred stock value (5,944,250 shares outstanding at June 30, 2016 and December 31, 2015)		6	6
Common stock (8,961,233,000 and 9,279,288,000 shares outstanding at June 30, 2016 and December 31, 2015, respectively)		702	702
Accumulated other comprehensive income (loss) - attributable to GE(b)
Investment securities	[2]	1,077	460
Currency translation adjustments	[2]	(5,448)	(5,499)
Cash flow hedges	[2]	(51)	(80)
Benefit plans	[2]	(10,476)	(11,410)
Other capital		36,995	37,613
Retained earnings		138,310	140,020
Less common stock held in treasury		(76,124)	(63,539)
Total GE shareowners' equity		84,991	98,274
Noncontrolling interests(c) (Note 12)	[3]	1,693	1,864
Total equity (Note 12)		86,684	100,138
Total liabilities, redeemable noncontrolling interests and equity		401,461	493,071
GE
Assets
Cash and equivalents	[4]	9,931	10,372
Investment securities (Note 3)	[4]	110	151
Current receivables	[4]	13,992	14,707
Inventories (Note 4)	[4]	24,652	22,449
Financing receivables - net (Note 5)	[4]	0	0
Other GE Capital Receivables	[4]	0	0
Property, plant and equipment - net (Note 6)	[4]	19,540	20,145
Receivables from GE Capital (debt assumption)	[4]	65,186	84,704
Investment in GE Capital	[4]	33,837	46,227
Goodwill (Note 7)	[4]	64,727	63,157
Other intangible assets - net (Note 7)	[4]	16,294	17,365
Contract Assets (Note 8)	[4]	23,458	21,156
All other assets	[4]	12,569	12,813
Deferred income taxes (Note 11)	[4]	7,451	7,666
Assets of businesses held for sale (Note 2)	[4]	59	2,818
Assets of discontinued operations (Note 2)	[4]	9	9
Total assets	[4]	291,814	323,737
Liabilities and equity
Short-term borrowings (Note 9)	[4],[5]	19,384	19,792
Accounts payable, principally trade accounts	[4]	18,103	19,250
Progress collections and price adjustments accrued	[4]	16,218	15,776
Dividends payable	[4]	2,105	2,167
Other GE current liabilities	[4]	20,420	23,595
Non-recourse borrowings of consolidated securitization entities (Note 9)	[4]	0	0
Long-term borrowings (Note 9)	[4],[5]	70,134	83,309
Investment contracts, insurance liabilities and insurance annuity benefits	[4]	0	0
Non-current compensation and benefits	[4]	39,450	39,472
All other liabilities	[4]	16,514	16,217
Liabilities of businesses held for sale (Note 2)	[4]	56	1,409
Liabilities of discontinued operations (Note 2)	[4]	129	128
Total liabilities(a)	[4]	202,511	221,115
Redeemable noncontrolling interest (Note 12)	[4]	3,070	2,972
Preferred stock value (5,944,250 shares outstanding at June 30, 2016 and December 31, 2015)	[4]	6	6
Common stock (8,961,233,000 and 9,279,288,000 shares outstanding at June 30, 2016 and December 31, 2015, respectively)	[4]	702	702
Accumulated other comprehensive income (loss) - attributable to GE(b)
Investment securities	[4]	1,077	460
Currency translation adjustments	[4]	(5,448)	(5,499)
Cash flow hedges	[4]	(51)	(80)
Benefit plans	[4]	(10,476)	(11,410)
Other capital	[4]	36,995	37,613
Retained earnings	[4]	138,310	140,020
Less common stock held in treasury	[4]	(76,124)	(63,539)
Total GE shareowners' equity	[4]	84,991	98,274
Noncontrolling interests(c) (Note 12)	[4]	1,242	1,378
Total equity (Note 12)	[4]	86,233	99,651
Total liabilities, redeemable noncontrolling interests and equity	[4]	291,814	323,737
GE Capital
Assets
Cash and equivalents		42,192	60,111
Investment securities (Note 3)		39,615	31,827
Current receivables		0	0
Inventories (Note 4)		71	66
Financing receivables - net (Note 5)		23,998	25,003
Other GE Capital Receivables		14,544	15,455
Property, plant and equipment - net (Note 6)		31,628	34,781
Receivables from GE Capital (debt assumption)		0	0
Investment in GE Capital		0	0
Goodwill (Note 7)		2,370	2,370
Other intangible assets - net (Note 7)		356	435
Contract Assets (Note 8)		0	0
All other assets		19,930	25,081
Deferred income taxes (Note 11)		(5,208)	(4,561)
Assets of businesses held for sale (Note 2)		0	0
Assets of discontinued operations (Note 2)		49,856	120,942
Total assets		219,352	311,508
Liabilities and equity
Short-term borrowings (Note 9)	[5]	24,683	48,617
Accounts payable, principally trade accounts		1,853	1,745
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 9)		2,005	3,083
Long-term borrowings (Note 9)	[5]	106,636	128,478
Investment contracts, insurance liabilities and insurance annuity benefits		27,619	26,155
Non-current compensation and benefits		985	1,006
All other liabilities		7,028	9,351
Liabilities of businesses held for sale (Note 2)		0	0
Liabilities of discontinued operations (Note 2)		14,255	46,359
Total liabilities(a)		185,064	264,795
Redeemable noncontrolling interest (Note 12)		0	0
Preferred stock value (5,944,250 shares outstanding at June 30, 2016 and December 31, 2015)		6	6
Common stock (8,961,233,000 and 9,279,288,000 shares outstanding at June 30, 2016 and December 31, 2015, respectively)		0	0
Accumulated other comprehensive income (loss) - attributable to GE(b)
Investment securities		1,077	456
Currency translation adjustments		(923)	(898)
Cash flow hedges		(37)	(112)
Benefit plans		(530)	(540)
Other capital		12,602	12,326
Retained earnings		21,642	34,988
Less common stock held in treasury		0	0
Total GE shareowners' equity		33,837	46,227
Noncontrolling interests(c) (Note 12)		451	486
Total equity (Note 12)		34,288	46,713
Total liabilities, redeemable noncontrolling interests and equity		$ 219,352	$ 311,508

[1] (a) O ur consolidated assets at June 30, 2016 included total assets of $7,651 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 $4,368 million and investment securities of $1,516 million w ithin continuing operations and assets of discontinued operations of $464 million. Our consolidated liabilities at June 30, 2016 included liabilities of certain VIEs for which the VIE creditors do not have recourse to GE. These liabilities included non-recourse borrowings of consolidated securitization entities (CSEs) of $2,005 million within continuing operations and non-recourse borrowings of CSEs within discontinued operations of $40 million. See Note 16.

[2] (b) The sum of accu mulated other comprehensive income (loss) (AOCI) attributable to the Company was $(14,898) million and $(16,529) million at June 30, 2016 and December 31, 2015 , respectively.

[3] (c) Included AOCI attributable to noncontrolling interests of $(259) mi llion and $(264) million at June 30, 2016 and December 31, 2015 , respectively.

[4] Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis. See Note 1.

[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. The short-term borrowings were $ 11,040 million (which includes an offset of $5,002 million short-term loan from GE Capital to GE ) and $17,642 million and t he long-term borrowings were $54,146 million and $67,062 million at June 30 , 2016 and December 31, 2015, respectively. See Note 9 for additional information.

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Statement of Financial Position (Parenthetical) - USD ($) $ in Millions		Jun. 30, 2016	Dec. 31, 2015
Variable Interest Entities [Abstract]
Assets	[1]	$ 401,461	$ 493,071
Investment securities (Note 3)		39,720	31,973
Accumulated Other Comprehensive Income (Loss), Net of Tax		(14,898)
Accumulated Other Comprehensive Income Loss Net Of Tax Attributable To Noncontrolling Interests		(259)	(264)
Debt Disclosure [Abstract]
Short-term borrowings		31,927	49,860
Long-term borrowings		$ 122,504	$ 144,659
Preferred Stock, Shares Outstanding		5,944,250	0
Common Stock, Shares, Outstanding		8,961,233,000	9,379,288,000
GE Capital
Variable Interest Entities [Abstract]
Assets		$ 219,352	$ 311,508
Investment securities (Note 3)		39,615	31,827
Non-recourse borrowings		1,475	1,534
Debt Disclosure [Abstract]
Short-term borrowings	[2]	24,683	48,617
Long-term borrowings	[2]	106,636	128,478
Discontinued Operations [Member]
Variable Interest Entities [Abstract]
Investment securities (Note 3)		464
Non-recourse borrowings		40	3,994
Consolidated Securitization Entities [Member]
Variable Interest Entities [Abstract]
Assets		7,651
Current receivables and net financing receivables		4,368
Investment securities (Note 3)		1,516
Non-recourse borrowings		2,005
Consolidated Securitization Entities [Member] | GE Capital
Variable Interest Entities [Abstract]
Investment securities (Note 3)		0	0
Non-recourse borrowings		100	$ 0
Consolidated Securitization Entities [Member] | Discontinued Operations [Member]
Variable Interest Entities [Abstract]
Non-recourse borrowings		$ 40

[1] (a) O ur consolidated assets at June 30, 2016 included total assets of $7,651 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 $4,368 million and investment securities of $1,516 million w ithin continuing operations and assets of discontinued operations of $464 million. Our consolidated liabilities at June 30, 2016 included liabilities of certain VIEs for which the VIE creditors do not have recourse to GE. These liabilities included non-recourse borrowings of consolidated securitization entities (CSEs) of $2,005 million within continuing operations and non-recourse borrowings of CSEs within discontinued operations of $40 million. See Note 16.

[2] 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. The short-term borrowings were $ 11,040 million (which includes an offset of $5,002 million short-term loan from GE Capital to GE ) and $17,642 million and t he long-term borrowings were $54,146 million and $67,062 million at June 30 , 2016 and December 31, 2015, respectively. See Note 9 for additional information.

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Statement of Cash Flows (Unaudited) - USD ($) $ in Millions		3 Months Ended		6 Months Ended				12 Months Ended
		Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016		Jun. 30, 2015		Dec. 31, 2015
Cash flows - operating activities
Net earnings (loss)		$ 2,804	$ (1,134)	$ 2,874		$ (14,743)
Less net earnings (loss) attributable to noncontrolling interests		(86)	225	(207)		190
Net earnings (loss) attributable to the Company		2,890	(1,360)	3,081		(14,933)
(Earnings) loss from discontinued operations		541	2,947	849		11,883
Adjustments to reconcile net earnings (loss) attributable to the Company to cash provided from operating activities
Depreciation and amortization of property, plant and equipment				2,505		2,289
(Earnings) loss from continuing operations retained by GE Capital(b)				0		0
Deferred income taxes				652		2,310
Decrease (increase) in GE current receivables				1,879		1,603
Decrease (increase) in inventories				(2,629)		(1,149)
Increase (decrease) in accounts payable				132		767
Increase (decrease) in GE progress collections				510		(1,076)
All other operating activities				(5,043)		1,238
Cash from (used for) operating activities - continuing operations				1,936		2,932
Cash from (used for) operating activities - discontinued operations				(4,849)		9,454
Cash from (used for) operating activities				(2,913)		12,385
Cash flows - investing activities
Additions to property, plant and equipment				(3,052)		(3,223)
Dispositions of property, plant and equipment				1,222		1,281
Net decrease (increase) in GE Capital financing receivables				(1,146)		437
Proceeds from sale of discontinued operations				42,874		17,528
Proceeds from principal business dispositions				5,609		222
Net cash from (payments for) principal businesses purchased				(206)		(1,723)
All other investing activities				(2,887)		10,233
Cash from (used for) investing activities - continuing operations				42,414		24,756
Cash from (used for) investing activities - discontinued operations				(10,646)		(8,209)
Cash from (used for) investing activities				31,768		16,547
Cash flows - financing activities
Net increase (decrease) in borrowings (maturities of 90 days or less)				758		(2,072)
Newly issued debt (maturities longer than 90 days)				855		13,136
Repayments and other debt reductions (maturities longer than 90 days)				(45,467)		(23,238)
Net dispositions (purchases) of GE shares for treasury				(14,292)		499
Dividends paid to shareowners				(4,508)		(4,635)
All other financing activities				(31)		(159)
Cash from (used for) financing activities - continuing operations				(62,685)		(16,470)
Cash from (used for) financing activities - discontinued operations				(711)		(2,240)
Cash from (used for) financing activities				(63,396)		(18,710)
Effect of currency exchange rate changes on cash and equivalents				(24)		(2,887)
Increase (decrease) in cash and equivalents				(34,565)		7,336
Cash and equivalents at beginning of year				90,878		91,017		$ 91,017
Cash and equivalents at June 30		56,313	98,353	56,313		98,353		90,878
Less cash and equivalents of discontinued operations at June 30		4,190	19,992	4,190		19,992
Cash and equivalents of continuing operations at June 30		52,123	78,360	52,123		78,360
GE
Cash flows - operating activities
Net earnings (loss)		2,656	(1,227)	2,440	[1]	(14,927)	[1]
Less net earnings (loss) attributable to noncontrolling interests		(82)	132	(199)	[1]	6	[1]
Net earnings (loss) attributable to the Company		2,738	(1,360)	2,639	[1]	(14,933)	[1]
(Earnings) loss from discontinued operations		544	3,039	852	[1]	12,064	[1]
Adjustments to reconcile net earnings (loss) attributable to the Company to cash provided from operating activities
Depreciation and amortization of property, plant and equipment	[1]			1,300		1,157
(Earnings) loss from continuing operations retained by GE Capital(b)	[1],[2]			12,496		6,685
Deferred income taxes	[1]			273		(102)
Decrease (increase) in GE current receivables	[1]			280		(44)
Decrease (increase) in inventories	[1]			(2,623)		(1,135)
Increase (decrease) in accounts payable	[1]			(30)		219
Increase (decrease) in GE progress collections	[1]			510		(1,089)
All other operating activities	[1]			(5,009)		1,127
Cash from (used for) operating activities - continuing operations	[1]			10,689		3,950
Cash from (used for) operating activities - discontinued operations	[1]			0		(11)
Cash from (used for) operating activities	[1]			10,689		3,939
Cash flows - investing activities
Additions to property, plant and equipment	[1]			(1,940)		(1,889)
Dispositions of property, plant and equipment	[1]			539		376
Net decrease (increase) in GE Capital financing receivables	[1]			0		0
Proceeds from sale of discontinued operations	[1]			0		0
Proceeds from principal business dispositions	[1]			4,836		222
Net cash from (payments for) principal businesses purchased	[1]			(206)		(46)
All other investing activities	[1]			(1,054)		(783)
Cash from (used for) investing activities - continuing operations	[1]			2,175		(2,119)
Cash from (used for) investing activities - discontinued operations	[1]			0		10
Cash from (used for) investing activities	[1]			2,175		(2,110)
Cash flows - financing activities
Net increase (decrease) in borrowings (maturities of 90 days or less)	[1]			601		248
Newly issued debt (maturities longer than 90 days)	[1]			5,126		3,654
Repayments and other debt reductions (maturities longer than 90 days)	[1]			(179)		(128)
Net dispositions (purchases) of GE shares for treasury				(14,292)		499
Dividends paid to shareowners				(4,324)		(4,634)
All other financing activities				(108)		190
Cash from (used for) financing activities - continuing operations				(13,177)		(171)
Cash from (used for) financing activities - discontinued operations				0		0
Cash from (used for) financing activities				(13,177)		(171)
Effect of currency exchange rate changes on cash and equivalents				(127)		(553)
Increase (decrease) in cash and equivalents				(440)		1,106
Cash and equivalents at beginning of year				10,372		15,916		15,916
Cash and equivalents at June 30		9,931	17,022	9,931		17,022		10,372
Less cash and equivalents of discontinued operations at June 30		0	0	0		0
Cash and equivalents of continuing operations at June 30		9,931	17,022	9,931		17,022
GE Capital
Cash flows - operating activities
Net earnings (loss)		(995)	(3,275)	(1,911)		(17,929)
Less net earnings (loss) attributable to noncontrolling interests		(4)	93	(8)		184
Net earnings (loss) attributable to the Company		(991)	(3,368)	(1,903)		(18,113)
(Earnings) loss from discontinued operations		541	2,944	849		11,879
Adjustments to reconcile net earnings (loss) attributable to the Company to cash provided from operating activities
Depreciation and amortization of property, plant and equipment				1,191		1,142
(Earnings) loss from continuing operations retained by GE Capital(b)	[2]			0		0
Deferred income taxes				379		2,412
Decrease (increase) in GE current receivables				0		0
Decrease (increase) in inventories				6		3
Increase (decrease) in accounts payable				10		338
Increase (decrease) in GE progress collections				0		0
All other operating activities				(91)		218
Cash from (used for) operating activities - continuing operations				440		(2,122)
Cash from (used for) operating activities - discontinued operations				(4,848)		9,465
Cash from (used for) operating activities				(4,408)		7,343
Cash flows - investing activities
Additions to property, plant and equipment				(1,264)		(1,680)
Dispositions of property, plant and equipment				865		1,090
Net decrease (increase) in GE Capital financing receivables				1,191		1,827
Proceeds from sale of discontinued operations				42,874		17,528
Proceeds from principal business dispositions				0		0
Net cash from (payments for) principal businesses purchased				0		(1,677)
All other investing activities				(6,345)		11,636
Cash from (used for) investing activities - continuing operations				37,321		28,724
Cash from (used for) investing activities - discontinued operations				(10,646)		(8,219)
Cash from (used for) investing activities				26,675		20,505
Cash flows - financing activities
Net increase (decrease) in borrowings (maturities of 90 days or less)				31		(2,614)
Newly issued debt (maturities longer than 90 days)				715		9,482
Repayments and other debt reductions (maturities longer than 90 days)				(45,288)		(23,111)
Net dispositions (purchases) of GE shares for treasury				0		0
Dividends paid to shareowners				(11,184)		(611)
All other financing activities				(57)		(189)
Cash from (used for) financing activities - continuing operations				(55,783)		(17,043)
Cash from (used for) financing activities - discontinued operations				(711)		(2,240)
Cash from (used for) financing activities				(56,494)		(19,283)
Effect of currency exchange rate changes on cash and equivalents				103		(2,334)
Increase (decrease) in cash and equivalents				(34,124)		6,231
Cash and equivalents at beginning of year				80,506		75,100		75,100
Cash and equivalents at June 30		46,382	81,331	46,382		81,331		$ 80,506
Less cash and equivalents of discontinued operations at June 30		4,190	19,992	4,190		19,992
Cash and equivalents of continuing operations at June 30		$ 42,192	$ 61,339	$ 42,192		$ 61,339

[1] Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis.

[2] (b) Represents GE Capital earnings /loss from continuing operations attributable to the Company, net of GE Capital dividends paid to GE .

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Summary of Significant Accounting Policies

6 Months Ended

Jun. 30, 2016

Accounting Policies [Abstract]

Summary Of Significant Accounting Policies

Note 1. Basis of Presentation and Summary of Significant Accounting Policies

basis of presentation

The accompanying consolidated financial statements represent the consolidation of General Electric Company (the Company) and all companies that we directly or indirectly control, either through majority ownership or otherwise. See Note 1 to the consolidated financial statements inour Form 8-K filed on June 3, 2016 related to the Annual Report on Form 10-K for the year ended December 31, 2015 that discusses our consolidation and financial statement presentation. As used in this report on Form 10-Q (Report), “GE” represents the adding together of all affiliated companies except other than GE Capital (GE Capital or Financial Services), whose continuing operations are presented on a one-line basis; GE Capital consists of General Capital Global Holdings, LLC (GECGH) and all of its affiliates; and “Consolidated” represents the adding together of GE and GE Capital with the effects of transactions between the two eliminated. Unless otherwise indicated, we refer to the caption revenues and other income simply as “revenues” throughout this Form 10-Q.

We have reclassified certain prior-period amounts to conform to the current-period presentation. Certain columns and rows may not add due to the use of rounded numbers. Percentages presented are calculated from the underlying numbers in millions. Unless otherwise indicated, information in these notes to the consolidated financial statements relates to continuing operations.

interim period presentation

The consolidated financial statements and notes thereto are unaudited. These statements include all adjustments (consisting of normal recurring accruals) that we considered necessary to present a fair statement of our results of operations, financial position and cash flows. The results reported in these consolidated financial statements should not be regarded as necessarily indicative of results that may be expected for the entire year. It is suggested that these consolidated financial statements be read in conjunction with the financial statements and notes thereto included in our 2015 consolidated financial statements of our Annual Report on Form 10-K.

summary of significant accounting policies

Please refer to Note 1, Basis of Presentation and Summary of Significant Accounting Policies, to the consolidated financial statements of our 2015 Form 10-K Report for the discussion of our significant accounting policies.

ACCOUNTING CHANGES

On January 1, 2016, we adopted ASU 2015-16, Simplifying the Accounting for Measurement-Period Adjustments, which eliminated the requirement for an acquirer in a business combination to account for measurement-period adjustments retrospectively. See Note 7 for further discussion of the purchase accounting effects of recent acquisitions.

On January 1, 2016, we adopted ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs, which requires that debt issuance costs related to a recognized debt liability to be presented on the balance sheet as a direct deduction from the debt liability, similar to the presentation of debt premiums and discounts. ASU 2015-03 applies retrospectively and does not change the recognition and measurement requirements for debt issuance costs. The adoption of ASU 2015-03 resulted in the reclassification of $674 million of unamortized debt issuance costs related to theCompany's borrowings from all other assets to short-term and long-term borrowings within our consolidated balance sheet as of December 31, 2015.

On January 1, 2016, we adopted ASU 2015-02, Amendments to the Consolidation Analysis. The ASU amended the consolidation guidance for VIEs and general partners' investment in limited partnerships and modified the evaluation of whether limited partnerships and similar legal entities are VIEs or voting interest entities.

Upon adoption, we deconsolidated three investment funds managed by GEAsset Management (GEAM) that had been accounted for under the guidance prior to the issuance of ASU2009-17, Improvements to Financial Reporting by Enterprises Involved with Variable Interest Entities, by virtue of the deferral provided by ASU 2010-10, Amendments for Certain Investment Funds. We concluded that GEAM’s management contracts were no longer variable interests in the three investment funds and therefore continued consolidation was not appropriate. We deconsolidated net assets and noncontrolling interests of $123 million, respectively.

In addition, many of the limited partnerships in which EFS invests became VIEs because the limited partnershave no participating rights or substantive removal rights over the general partners. The general partners continue to control these limited partnerships, however, our disclosed exposure to unconsolidated VIEs in Note 16 increased by $6,110million as a result.

ACCELERATED SHARE REPURCHASE AGREEMENTS

During 2016, we entered into accelerated share repurchase (ASR) agreements to repurchase shares of GE common stock. Under an ASR agreement, the Company pays a specified amount to a financial institution and receives an initial delivery of shares based on the terms of the agreement. Upon settlement of the agreement, the financial institution delivers additional shares, or the Company returns shares, with the final net number of shares calculated based on the volume-weighted average price of GE common stock over the term of the agreement, less an agreed upon discount. When certain conditions are met, the transaction is accounted for as an equity transaction and the shares are included in treasury stock when received, at which time there is an immediate reduction in the weighted- average number of common shares used in calculating earnings per share. See Note 12 for additional information.

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Businesses Held For Sale and Discontinued Operations

6 Months Ended

Jun. 30, 2016

Discontinued Operations and Disposal Groups [Abstract]

Assets and Liabilities Of Business Held For Sale and Discontinued Operations

Note 2. BUSINESSES HELD FOR SALE AND DISCONTINUED OPERATIONS

Assets and Liabilities of Businesses Held for Sale

On January 15, 2016, we announced the signing of an agreement to sell our Appliances businessto Qingdao Haier Co., Ltd. (Haier). On June 6, 2016, we completed the sale for proceeds of $5,568 million and recognized an after-tax gain of $1,834 million in the second quarter.

On March 30, 2016, we announced an agreement to sell GE Asset Management (GEAM), GE’s asset management arm with assets under management of approximately $100 billion, to State Street Corporation. On July 1, 2016, we completed the sale for proceeds of $436 million. Net sale proceeds associated with U.S. pension plans will be deposited into the GE Pension Trust, increasing trust assets used to pay GE pension plan benefits. There is a potential to realize up to $50 million in additional proceeds if the management of assets for more pension plans transfers to the buyer.

FINANCIAL INFORMATION FOR ASSETS AND LIABILITIES OF BUSINESSES HELD FOR SALE
(In millions)	June 30, 2016		December 31, 2015
Assets
Current receivables	$	35	$	79	(a)
Inventories		-		583
Property, plant, and equipment – net		12		1,208
Goodwill		-		370
Other intangible assets – net		6		162
Other		6		416
Assets of businesses held for sale	$	59	$	2,818
Liabilities
Accounts payable	$	6	$	503	(a)
Other current liabilities		32		325
Other		17		33
Liabilities of businesses held for sale	$	56	$	861

(a) Certain transactions at our Appliances business were made on an arms-length basis with GE Capital, consisting primarily of GE customer receivables sold to GE Capital and GE Capital services for material procurement. These intercompany balances included within our held for sale businesses are reported in the GE and GE Capital columns of our financial statements, but are eliminated in deriving our consolidated financial statements.

Discontinued Operations

Discontinued operations primarily relate to our financial services businesses as a result of the GE Capital Exit Plan and include our Consumer business, most of our CLL business, our Real Estate business and our U.S. mortgage business (WMC). All of these operations were previously reported in the Capital segment. Results of operations, financial position and cash flows for these businesses are separately reported as discontinued operations for all periods presented.

We have entered into Transitional Service Agreements (TSA) with and provided certain indemnifications to buyers of GE Capital’s assets. Under the TSAs, GE Capital provides various services for terms generally between 12 and 24 months and receives a level of cost reimbursement from the buyers.

At June 30, 2016, indemnifications amounted to $1,492 million, for which we have recognized related liabilities of $163 million. In addition, we provided $111million of credit support, the vast majority on behalf of certain commercial customers aligned with signed disposal transactions scheduled to close in 2016, and recognized an insignificant liability at June 30, 2016.

FINANCIAL INFORMATION FOR DISCONTINUED OPERATIONS
	Three months ended June 30				Six months ended June 30
(In millions)		2016		2015		2016		2015
Operations
Total revenues and other income (loss)	$	568	$	6,829	$	1,861	$	12,289
Earnings (loss) from discontinued operations before income taxes	$	(240)	$	1,950	$	(160)	$	(2,743)
Benefit (provision) for income taxes		170		(493)		182		442
Earnings (loss) from discontinued operations, net of taxes	$	(70)	$	1,457	$	22	$	(2,301)
Disposal
Gain (loss) on disposal before income taxes	$	(295)	$	(3,384)	$	(540)	$	(7,036)
Benefit (provision) for income taxes		(177)		(1,021)		(331)		(2,546)
Gain (loss) on disposal, net of taxes	$	(472)	$	(4,405)	$	(871)	$	(9,582)
Earnings (loss) from discontinued operations, net of taxes(a)(b)	$	(541)	$	(2,947)	$	(849)	$	(11,883)

(a) The sum of GE industrial earnings (loss) from discontinued operations, net of taxes, and GE Capital earnings (loss) from discontinued operations, net of taxes, after adjusting for earnings (loss) attributable to noncontrolling interests related to discontinued operations, is reported within GE industrial earnings (loss) from discontinued operations, net of taxes, on the Consolidated Statement of Earnings (Loss).

(b) Earnings (loss) from discontinued operations attributable to the Company, before income taxes, was $(537) million and $(1,525) million for the three months ended June 30, 2016 and 2015, respectively, and $(703)million and $(9,960)million for the six months ended June 30, 2016 and 2015, respectively.

(In millions)	June 30, 2016		December 31, 2015
Assets
Cash and equivalents	$	4,190	$	20,395
Investment securities		6,141		8,478
Financing receivables – net		1,994		3,205
Other receivables		881		1,221
Property, plant and equipment – net		845		7,537
Goodwill		1,591		7,764
Other intangible assets - net		34		80
Deferred income taxes		2,101		2,447
Financing receivables held for sale		31,106		69,847
Valuation allowance on disposal group classified as discontinued operations		(3,062)		(6,374)
Other		4,044		6,350
Assets of discontinued operations	$	49,865	$	120,951
Liabilities
Short-term borrowings	$	609	$	739
Accounts payable		1,352		2,870
Non-recourse borrowings		40		3,994
Bank deposits		4,545		25,613
Long-term borrowings		558		730
All other liabilities		6,983		11,053
Deferred income taxes		248		1,437
Other		49		52
Liabilities of discontinued operations	$	14,384	$	46,487

Consumer

In connection with the GE Capital Exit Plan, we announced the planned disposition of our Consumer business and classified the business as discontinued operations. We closed certain of our Consumer business dispositions (including the split-off of Synchrony Financial)in 2015. We expect to dispose of substantially all of the remaining Consumer business in 2016.

FINANCIAL INFORMATION FOR CONSUMER
	Three months ended June 30				Six months ended June 30
(In millions)		2016		2015		2016		2015
Operations
Total revenues and other income (loss)	$	258	$	3,527	$	685	$	5,585
Interest	$	(46)	$	(573)	$	(97)	$	(1,184)
Selling, general, and administrative expenses		(158)		(1,104)		(335)		(2,172)
Cost of services sold		-		-		-		-
Provision for losses on financing receivables		-		(761)		-		(3,869)
Investment contracts, insurance losses and insurance annuity benefits		(1)		(4)		(1)		(6)
Other costs and expenses		(62)		(114)		(64)		(240)
Earnings (loss) from discontinued operations, before income taxes		(9)		971		188		(1,886)
Benefit (provision) for income taxes		-		(168)		(101)		(8)
Earnings (loss) from discontinued operations, net of taxes	$	(9)	$	803	$	87	$	(1,894)
Disposal
Gain (loss) on disposal before income taxes	$	164	$	-	$	153	$	-
Benefit (provision) for income taxes		(164)		-		(240)		-
Gain (loss) on disposal, net of taxes	$	-	$	-	$	(87)	$	-
Earnings (loss) from discontinued operations, net of taxes(a)	$	(9)	$	803	$	-	$	(1,894)

(a)Earnings (loss) from discontinued operations attributable to the Company, before income taxes, was $153million and $882million for the three months endedJune 30, 2016 and 2015, respectively, and $339million and $(2,062)million for the six months endedJune 30, 2016 and 2015, respectively.

Commercial lending and leasing

In connection with the GE Capital Exit Plan, we announced the planned disposition of most of our CLL business and classified this portion of the business as discontinued operations. We closed certain of our CLL business dispositions in 2015.We expect to dispose of substantially all of the remaining CLL business in 2016.

FINANCIAL INFORMATION FOR COMMERCIAL LENDING AND LEASING
	Three months ended June 30				Six months ended June 30
(In millions)		2016		2015		2016		2015
Operations
Total revenues and other income (loss)	$	314	$	3,070	$	1,201	$	5,973
Interest	$	(126)	$	(641)	$	(403)	$	(1,343)
Selling, general and administrative expenses		(421)		(1,046)		(1,046)		(1,942)
Cost of services sold		-		(403)		-		(1,735)
Provision for losses on financing receivables		-		(13)		(3)		(1,757)
Other costs and expenses		(23)		1		(15)		(96)
Earnings (loss) from discontinued operations, before income taxes		(256)		967		(265)		(900)
Benefit (provision) for income taxes		140		(309)		214		315
Earnings (loss) from discontinued operations, net of taxes	$	(116)	$	658	$	(51)	$	(585)
Disposal
Gain (loss) on disposal before income taxes	$	(465)	$	(3,380)	$	(630)	$	(5,225)
Benefit (provision) for income taxes		(10)		(949)		(154)		(1,927)
Gain (loss) on disposal, net of taxes	$	(475)	$	(4,329)	$	(784)	$	(7,152)
Earnings (loss) from discontinued operations, net of taxes(a)	$	(591)	$	(3,671)	$	(835)	$	(7,737)

(a)Earnings (loss) from discontinued operations attributable to the Company, before income taxes, was $(722)million and $(2,415)million for the three months endedJune 30, 2016 and 2015, respectively, and $(897)million and $(6,128)million for the six months endedJune 30, 2016 and 2015, respectively.

REAL ESTATE

In connection with the GE Capital Exit Plan, we announced the planned disposition of our Real Estate business and classified the business as discontinued operations. We closed certain of our Real Estate business dispositions in 2015. We expect to dispose of substantially all of the remaining Real Estate business in 2016.

FINANCIAL INFORMATION FOR REAL ESTATE
	Three months ended June 30				Six months ended June 30
(In millions)		2016		2015		2016		2015
Operations
Total revenues and other income (loss)	$	15	$	313	$	25	$	812
Interest	$	(13)	$	(137)	$	(35)	$	(373)
Selling, general and administrative		(24)		(130)		(77)		(224)
Cost of services sold		-		-		-		(5)
Provision for losses on financing receivables		-		-		-		4
Other costs and expenses		(7)		(14)		(6)		(141)
Earnings (loss) from discontinued operations, before income taxes		(29)		32		(94)		74
Benefit (provision) for income taxes		38		13		57		43
Earnings (loss) from discontinued operations, net of taxes	$	9	$	45	$	(37)	$	117
Disposal
Gain (loss) on disposal before income taxes	$	6	$	(3)	$	(63)	$	(1,811)
Benefit (provision) for income taxes		(3)		(72)		62		(619)
Gain (loss) on disposal, net of taxes	$	3	$	(75)	$	(1)	$	(2,430)
Earnings (loss) from discontinued operations, net of taxes(a)	$	12	$	(30)	$	(38)	$	(2,313)

(a) Earnings (loss) from discontinued operations attributable to the Company, before income taxes, was $(23)million and $29million for the three months endedJune 30, 2016 and 2015, respectively, and $(156)million and $(1,738)million for the six months endedJune 30, 2016 and 2015, respectively.

WMC

During the fourth quarter of 2007, we completed the sale of WMC, our U.S. mortgage business. WMC substantially discontinued all new loan originations by the second quarter of 2007, and is not a loan servicer. In connection with the sale, WMC retained certain representation and warranty obligations related to loans sold to third parties prior to the disposal of the business and contractual obligations to repurchase previously sold loans that had an early payment default. All claims received by WMC for early payment default have either been resolved or are no longer being pursued.

The remaining active claims have been brought by securitization trustees or administrators seeking recovery from WMC for alleged breaches of representations and warranties on mortgage loans that serve as collateral for residential mortgage-backed securities (RMBS). At June 30, 2016, such claims consisted of $2,688million of individual claims generally submitted before the filing of a lawsuit (compared to $2,887 million at December 31, 2015) and $7,266 million of additional claims asserted against WMC in litigation without making a prior claim (Litigation Claims) (compared to $8,047 million at December 31, 2015). The total amount of these claims, $9,954 million, reflects the purchase price or unpaid principal balances of the loans at the time of purchase and does not give effect to pay downs or potential recoveries based upon the underlying collateral, which in many cases are substantial, nor to accrued interest or fees. As of June 30, 2016, these amounts do not include approximately $110million of repurchase claims relating to alleged breaches of representations that are not in litigation and that are beyond the applicable statute of limitations. WMC believes that repurchase claims brought based upon representations and warranties made more than six years before WMC was notified of the claim would be disallowed in legal proceedings under applicable law and the June 11, 2015 decision of the New York Court of Appeals in ACE Securities Corp. v. DB Structured Products, Inc., on the statute of limitations period governing such claims.

Reserves related to repurchase claims made against WMC were $860 million at June 30, 2016, reflecting a net increase to reserves in the three months ended June 30, 2016 of $27 million due to incremental provisions. The reserve estimate takes into account recent settlement activity and is based upon WMC’s evaluation of the remaining exposures as a percentage of estimated lifetime mortgage loan losses within the pool of loans supporting each securitization for which timely claims have been asserted in litigation against WMC. Settlements in prior periods reduced WMC’s exposure on claims asserted in certain securitizations and the claim amounts reported above give effect to these settlements.

ROLLFORWARD OF THE RESERVE
	Three months ended June 30				Six months ended June 30
(In millions)		2016		2015		2016		2015
Balance, beginning of period	$	833	$	814	$	875	$	809
Provision		27		11		84		18
Claim resolutions / rescissions		-		-		(99)		(2)
Balance, end of period	$	860	$	825	$	860	$	825

Given the significant litigation activity and WMC’s continuing efforts to resolve the lawsuits involving claims made against WMC, it is difficult to assess whether future losses will be consistent with WMC’s past experience. Adverse changes to WMC’s assumptions supporting the reserve may result in an increase to these reserves. WMC estimates a range of reasonably possible loss from $0 to approximately $500 million over its recorded reserve at June 30, 2016. This estimate involves significant judgment and may not reflect the range of uncertainties and unpredictable outcomes inherent in litigation, including the matters discussed in Legal Proceedings and potential changes in WMC’s legal strategy. This estimate excludes any possible loss associated with an adverse court decision on the applicable statute of limitations or an adverse outcome in the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) investigation discussed in Legal Proceedings, as WMC is unable at this time to develop such a meaningful estimate.

At June 30, 2016, there were 14lawsuits involving claims made against WMC arising from alleged breaches of representations and warranties on mortgage loans included in 13securitizations. The adverse parties in these cases are securitization trustees or parties claiming to act on their behalf. Although the alleged claims for relief vary from case to case, the complaints and counterclaims in these actions generally assert claims for breach of contract, indemnification, and/or declaratory judgment, and seek specific performance (repurchase of defective mortgage loan) and/or money damages. Adverse court decisions, including in cases not involving WMC, could result in new claims and lawsuits on additional loans. However, WMC continues to believe that it has defenses to the claims asserted in litigation, including, for example, based on causation and materiality requirements and applicable statutes of limitations. It is not possible to predict the outcome or impact of these defenses and other factors, any of which could materially affect the amount of any loss ultimately incurred by WMC on these claims.

WMC has also received indemnification demands, nearly all of which are unspecified, from depositors/underwriters/sponsors of RMBS in connection with lawsuits brought by RMBS investors concerning alleged misrepresentations in the securitization offering documents to which WMC is not a party or, in two cases, involving mortgage loan repurchase claims made against RMBS sponsors. WMC believes that it has defenses to these demands.

To the extent WMC is required to repurchase loans, WMC’s loss also would be affected by several factors, including pay downs, accrued interest and fees, and the value of the underlying collateral. The reserve and estimate of possible loss reflect judgment, based on currently available information, and a number of assumptions, including economic conditions, claim and settlement activity, pending and threatened litigation, court decisions regarding WMC’s legal defenses, indemnification demands, government activity, and other variables in the mortgage industry. Actual losses arising from claims against WMC could exceed these amounts and additional claims and lawsuits could result if actual claim rates, governmental actions, litigation and indemnification activity, adverse court decisions, actual settlement rates or losses WMC incurs on repurchased loans differ from its assumptions.

FINANCIAL INFORMATION FOR WMC
		Three months ended June 30				Six months ended June 30
(In millions)		2016		2015		2016		2015
Total revenues and other income (loss)	$	(18)	$	(5)	$	(58)	$	(5)
Earnings (loss) from discontinued operations, net of taxes	$	(20)	$	(10)	$	(52)	$	(16)

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Investment Securities

6 Months Ended

Jun. 30, 2016

Investments, Debt and Equity Securities [Abstract]

Investment Securities

NOTE 3. INVESTMENT SECURITIES

Substantially all of our investment securities are classified as available-for-sale. These comprise mainly investment-grade debt securities supporting obligations to annuitants and policyholders in our run-off insurance operations. We do not have any securities classified as held-to-maturity.

	June 30, 2016								December 31, 2015
			Gross		Gross						Gross		Gross
	Amortized		unrealized		unrealized		Estimated		Amortized		unrealized		unrealized		Estimated
(In millions)	cost		gains		losses		fair value		cost		gains		losses		fair value
GE
Debt
U.S. corporate	$	4	$	-	$	-	$	4	$	2	$	-	$	-	$	3
Corporate – non-U.S.		9		-		-		9		1		-		-		1
U.S. government and federal
agency		49		1		-		50		49		-		-		49
Equity		41		10		(4)		47		87		13		(2)		98
		103		11		(4)		110		139		14		(2)		151
GE Capital
Debt
U.S. corporate		20,718		4,177		(51)		24,844		19,971		2,669		(285)		22,355
State and municipal		3,885		731		(48)		4,568		3,910		407		(73)		4,245
Mortgage and asset-backed(a)		2,957		188		(23)		3,122		2,995		157		(35)		3,116
Corporate – non-U.S.		5,299		108		(4)		5,402		759		96		(9)		846
Government – non-U.S.		608		156		(1)		764		279		136		-		415
U.S. government and federal
agency		694		96		-		790		623		104		-		727
Equity		107		19		(1)		125		112		16		(4)		123
		34,268		5,475		(128)		39,615		28,648		3,585		(407)		31,827
Eliminations		(4)		-		-		(4)		(4)		-		-		(4)
Total	$	34,367	$	5,486	$	(133)	$	39,720	$	28,783	$	3,599	$	(409)	$	31,973

(a) Included residential mortgage-backed securities substantially collateralized by U.S. mortgages. At June 30, 2016, $535 million related to securities issued by government-sponsored entities and $19 million related to securities of private-label issuers. Securities issued by private-label issuers are collateralized primarily by pools of individual direct mortgage loans of financial institutions.

The fair value of investment securities increased to $39,720 million at June 30, 2016, from $31,973 million at December 31, 2015, primarily due to additional purchases of Corporate – non-U.S. debt securities and an increase in unrealized gains resulting from lower interest rates.

ESTIMATED FAIR VALUE AND GROSS UNREALIZED LOSSES OF AVAILABLE-FOR-SALE INVESTMENT SECURITIES
	In loss position for
	Less than 12 months				12 months or more
			Gross				Gross
	Estimated		unrealized		Estimated		unrealized
(In millions)	fair value(a)		losses(a)(b)		fair value		losses(b)
June 30, 2016
Debt
U.S. corporate	$	229	$	(9)	$	689	$	(42)
State and municipal		-		-		159		(48)
Mortgage and asset-backed		250		(6)		168		(17)
Corporate – non-U.S.		718		-		31		(4)
Equity		28		(5)		-		-
Total	$	1,226	$	(21)	$	1,048	$	(111)	(c)
December 31, 2015
Debt
U.S. corporate	$	2,966	$	(218)	$	433	$	(67)
State and municipal		494		(20)		155		(53)
Mortgage and asset-backed		719		(20)		84		(16)
Corporate – non-U.S.		56		(4)		14		(4)
Equity		36		(6)		-		-
Total	$	4,271	$	(268)	$	686	$	(140)

(a) Includes the estimated fair value of and gross unrealized losses on equity securities held by GE. At June 30, 2016, the estimated fair value of and gross unrealized losses on equity securities were $18 million and $(4)million, respectively. At December 31, 2015, the estimated fair value of and gross unrealized losses on equity securities were $6 million and $(2) million, respectively.

(b) Included gross unrealized losses of $1 million related to securities that had other-than-temporary impairments previously recognized at June 30, 2016.

(c)Includes debt securities held to support obligations to holders of Guaranteed Investment Contracts (GICs) of which the majority are considered to be investment-grade by the major rating agencies at June 30, 2016.

Unrealized losses are not indicative of the amount of credit loss that would be recognized and at June 30, 2016 are primarily due to increases in market yields subsequent to our purchase of the securities. We presently do not intend to sell the vast majority of our debt securities that are in an unrealized loss position and believe that it is not more likely than not that we will be required to sell the vast majority of these securities before anticipated recovery of our amortized cost. The methodologies and significant inputs used to measure the amount of credit loss for our investment securities during 2016 have not changed.

Our corporate debt portfolio comprises securities issued by public and private corporations in various industries, primarily in the U.S. Substantially all of our corporate debt securities are rated investment grade by the major rating agencies.

Mortgage and asset-backed securities substantially comprise of commercial and residential mortgage-backed securities.

Our commercial mortgage-backed securities (CMBS) portfolio is collateralized by both diversified pools of mortgages that were originated for securitization (conduit CMBS) and pools of large loans backed by high-quality properties (large loan CMBS), less than half of which were originated in 2008 and prior. The vast majority of the securities in our CMBS portfolio have investment-grade credit ratings.

Our residential mortgage-backed securities (RMBS) portfolio is collateralized primarily by pools of individual, direct mortgage loans, of which substantially all are in a senior position in the capital structure of the deals, not other structured products such as collateralized debt obligations. Of the total RMBS held at June 30, 2016, $535 million and $19 million related to agency and non-agency securities, respectively. Additionally, $53 million was related to residential subprime credit securities, primarily supporting obligations to annuitants and policyholders in our run-off insurance operations. All of the subprime exposure is related to securities backed by mortgage loans originated in 2005 and prior and are investment grade.

PRE-TAX, OTHER-THAN-TEMPORARY IMPAIRMENTS ON INVESTMENT SECURITIES
	Three months ended June 30				Six months ended June 30
(In millions)	2016		2015		2016		2015
Total pre-tax, OTTI recognized	$	1	$	29	$	18	$	32
Pre-tax, OTTI recognized in AOCI		-		-		-		-
Pre-tax, OTTI recognized in earnings(a)	$	1	$	29	$	18	$	32

(a) Included pre-tax, other-than-temporary impairments recorded in earnings related to equity securities of $1 million and none in the three months endedJune 30, 2016 and 2015, respectively and $9 million and none in the six months endedJune 30, 2016 and 2015, respectively.

CONTRACTUAL MATURITIES OF INVESTMENT IN AVAILABLE-FOR-SALE DEBT SECURITIES
(EXCLUDING MORTGAGE AND ASSET-BACKED SECURITIES)
	Amortized		Estimated
(In millions)	cost		fair value
Due
Within one year	$	5,218	$	5,226
After one year through five years		3,901		4,167
After five years through ten years		4,521		5,070
After ten years		17,626		21,968

We expect actual maturities to differ from contractual maturities because borrowers have the right to call or prepay certain obligations.

GROSS REALIZED GAINS AND LOSSES ON AVAILABLE-FOR-SALE INVESTMENT SECURITIES
	Three months ended June 30				Six months ended June 30
(In millions)	2016		2015		2016		2015
GE
Gains	$	1	$	1	$	5	$	1
Losses, including impairments		(1)		(14)		(10)		(14)
Net		-		(13)		(5)		(13)
GE Capital
Gains		35		6		36		97
Losses, including impairments		(11)		(21)		(30)		(35)
Net		24		(15)		6		63
Total	$	24	$	(28)	$	2	$	50

Although we generally do not have the intent to sell any specific securities at the end of the period, in the ordinary course of managing our investment securities portfolio, we may sell securities prior to their maturities for a variety of reasons, including diversification, credit quality, yield and liquidity requirements and the funding of claims and obligations to policyholders.

Proceeds from investment securities sales and early redemptions by issuers totaled $624 million and $540 million inthe three months endedJune 30, 2016 and 2015, respectively, principally from sales of U.S. corporate and Mortgage and asset-backed securities by our run-off insurance operations.

Proceeds from investment securities sales and early redemptions by issuers totaled $868million and $2,597 million inthe six months endedJune 30, 2016 and 2015, respectively, principally from sales of Mortgage and asset-backed and U.S. corporate securitiesby our run-off insurance operations and Trinity.

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Inventories

6 Months Ended

Jun. 30, 2016

Inventory, Net [Abstract]

Inventories

NOTE 4. INVENTORIES

(In millions)	June 30, 2016		December 31, 2015
Raw materials and work in process	$	14,650	$	13,415
Finished goods		9,305		8,265
Unbilled shipments		512		628
		24,467		22,308
Revaluation to LIFO		257		207
Total inventories	$	24,723	$	22,515

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Financing Receivables and Allowance for Losses on Financing Receivables

6 Months Ended

Jun. 30, 2016

Financing Receivables And Allowance For Losses [Abstract]

Financing Receivables And Allowance For Losses On Financing Receivables

NOTE 5. GE Capital FINANCING RECEIVABLES AND ALLOWANCE FOR LOSSES ON FINANCING RECEIVABLES

FINANCING RECEIVABLES, NET
(In millions)	June 30, 2016		December 31, 2015
Loans, net of deferred income	$	19,045	$	20,115
Investment in financing leases, net of deferred income		5,027		4,969
		24,071		25,084
Allowance for losses		(74)		(81)
Financing receivables – net(a)	$	23,998	$	25,003

(a)Included $11.8 billion and $12.9 billion of receivables sold by GE to GE Capital at June 30, 2016 and December 31, 2015, respectively.

ALLOWANCE FOR LOSSES
(In millions)		2016		2015
Balance at January 1	$	81	$	93
Provision		19		29
Net write-offs(a)		(26)		(40)
Other(b)		-		9
Balance at June 30	$	74	$	91

• Net write-offs (gross write-offs less recoveries) in certain portfolios may exceed the beginning allowance for losses as a result of losses that are incurred subsequent to the beginning of the fiscal year due to information becoming available during the current year, which may identify further deterioration on existing financing receivables.
• Other primarily includes the effects of currency exchange.

We manage our financing receivable portfolio using delinquency and nonaccrual data as key performance indicators. At June 30, 2016, $1,036 million (4.3%), $483 million (2.0%) and $354 million (1.5%) of financing receivables were over 30 days past due, over 90 days past due and on nonaccrual, respectively. Of the $354 million of nonaccrual financing receivables at June 30, 2016, primarily related to aviation financing, $102 million are currently paying in accordance with the contractual terms. At December 31, 2015, $622 million (2.5%), $201 million (0.8%) and $256 million (1.0%) of financing receivables were over 30 days past due, over 90 days past due and on nonaccrual, respectively.

The recorded investment in impaired loans at June 30, 2016 and December 31, 2015was $263 million and $175 million, respectively, and was primarily related to aviation financing. The method used to measure impairment for these loans is primarily based on collateral value. At June 30, 2016, troubled debt restructurings included in impaired loans were $99 million, the vast majority related to aviation financing.

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Property, Plant and Equipment

6 Months Ended

Jun. 30, 2016

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

NOTE 6. PROPERTY, PLANT AND EQUIPMENT

(In millions)	June 30, 2016		December 31, 2015
Original cost	$	86,317	$	90,023
Less accumulated depreciation and amortization		(35,881)		(35,928)
Property, plant and equipment – net	$	50,436	$	54,095

Consolidated depreciation and amortization on property, plant and equipment was $1,294 million and $1,188million in the three months endedJune 30, 2016 and 2015, respectively, and $2,505 million and $2,289 million in the six months endedJune 30, 2016 and 2015, respectively.

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Acquisitions, Goodwill and Other Intangibles Assets

6 Months Ended

Jun. 30, 2016

Acquisitions, Goodwill and Intangible Assets Disclosure [Abstract]

Acquisitions, Goodwill and Other Intangible Assets

NOTE 7. ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS

Acquisitions

On November 2, 2015, we acquired the Thermal, Renewables and Grid businesses from Alstom. The purchase price was €9,200 million ($10,124 million), net of cash acquired of approximately €1,600 million ($1,765 million). In order to obtain approval by the European Commission and the Department of Justice, GE pledged to sell certain of Alstom's gas-turbine assets and its Power Systems Manufacturing subsidiary to Ansaldo Energia SpA (Ansaldo) after the close of the transaction for approximately €120 million. The purchase price will be paid by Ansaldo over a period of five years. The transaction closed on February 25, 2016.

We formed three consolidated joint ventures with Alstom in grid technology, renewable energy, and global nuclear and French steam power. In addition, GE contributed its Digital Energy business to the grid technology joint venture.

Alstom holds redemption rights with respect to its interest in the grid technology and renewable energy joint ventures, which, if exercised, would require us to purchase all of their interest during September 2018 or September 2019. Alstom also holds similar redemption rights for the global nuclear and French steam power joint venture that are exercisable during the first full calendar quarter immediately following the fifth or sixth anniversary of the acquisition date. The redemption price would generally be equal to Alstom's initial investment plus annual accretion of 3% for the grid technology and renewable energy joint ventures and plus annual accretion of 2% for the nuclear and French steam power joint venture, with potential upside sharing based on an EBITDA multiple. Alstom also holds additional redemption rights in other limited circumstances as well as a call option to require GE to sell all of its interests in the renewable energy joint venture at the higher of fair value or Alstom's initial investment plus annual accretion of 3% during the month of May in the years 2016 through 2019 and also upon a decision to IPO the joint venture.

GE holds a call option on Alstom's interest in the global nuclear and French steam power joint venture at the same amount as Alstom's redemption price in the event that Alstom exercises its put option in the grid technology or renewable energy joint ventures. GE also has call options on Alstom's interest in the three joint ventures in other limited circumstances. In addition, the French Government holds a preferred interest in the global nuclear and French steam power joint venture, giving it certain protective rights.

The acquisition and alliances with Alstom will have a significant effect on our Power, Energy Connections and Renewable Energy segments, and to a lesser extent our Oil & Gas segment. The financial impact of acquired businesses on individual segments will be affected by a number of variables, including operating performance, purchase accounting effects and realized synergies. In addition, due to the amount of time that elapsed between signing and closing, the commercial operations of the businesses were negatively affected primarily as a result of uncertainty among Alstom customers regarding the execution of the transaction. This affected the overall valuation of the acquired businesses at the time of close and, accordingly, is reflected in the initial and adjusted amounts assigned to the assets and liabilities recorded in purchase accounting. In addition, the amount of goodwill recognized compared with identifiable intangible assets is affected by estimated GE-specific synergies, which are not permitted to be included in the measurement of identifiable intangibles. Such synergies include additional revenue from cross-selling complementary product lines.

ALSTOM ACQUISITION ACCOUNTING UPDATE

The total consideration for the acquired businesses, at the time of close included our purchase price of $10,124 million (net of cash acquired) and a preliminary valuation of noncontrolling interests, of approximately $3,600 million for a total of approximately $13,700 million. In the fourth quarter of 2015, the preliminary allocation of purchase price resulted in goodwill, intangible assets and unfavorable customer contract liabilities of approximately $13,500 million, $5,200 million, and $1,100 million respectively. The preliminary fair value of the associated noncontrolling interests consisted of approximately $2,900 million for Alstom's redeemable noncontrolling interests in the three joint ventures (presented separately from total equity in the consolidated balance sheet) and $700 million for all other noncontrolling interests.

Through the second quarter of 2016, we adjusted the preliminary allocation of purchase price which resulted in goodwill, intangible assets, and unfavorable customer contract liabilities, of approximately $14,750 million, $4,500 million, and $1,200 million respectively. These adjustments, which are necessary to reflect acquired assets and liabilities of the acquired businesses at fair value, reflected revisions in estimates in the first and second quarters of 2016, primarily related to updated revenue and cost assumptions for customer contracts, and other fair value adjustments related to acquired assets and liabilities. The approximate amounts of other significant purchase accounting adjustments recorded since the date of acquisition include a reduction in the book value of assets sold to Ansaldo of $400 million, adjustments to the fair value of derivative contracts of $350 million, decreases in inventory balances of $350 million, increase to legal reserves of $300 million, increases to property, plant and equipment of approximately $200 million and a reduction in the book value of aged accounts receivable of approximately $150 million. In addition, the preliminary fair value of Alstom's redeemable noncontrolling interests was increased by approximately $100 million to approximately $3,000 million and all other noncontrolling interests decreased by $100 million to approximately $600 million.

In addition to purchase price allocation based on the fair value of acquired assets and liabilities, other adjustments are necessary to reflect differences between IFRS and US GAAP, as applied to differences in facts and circumstances between those businesses as part of Alstom and as part of GE post acquisition. The table below presents approximate consideration paid, amounts of assets acquired and liabilities assumed as of the acquisition date, inclusive of the purchase accounting adjustments and IFRS to US GAAP adjustments recorded as of June 30, 2016, and the fair value of the non-controlling interest.

ASSETS ACQUIRED AND LIABILITIES ASSUMED AT THE ACQUISITION DATE
	Approximate
	balance at
(in millions)	June 30, 2016
Assets
Cash and equivalents	$	1,750
Current receivables		4,050
Inventories		4,750
Property, plant and equipment		2,900
Goodwill		14,750
Other intangible assets		4,500
All other assets, net(a)		3,950
Total Assets	$	36,650
Liabilities
Accounts payable	$	1,900
Progress collections		2,950
Accrued contract liabilities		8,600
All other liabilities(b)		7,700
Total Liabilities		21,150
Redeemable noncontrolling interests		3,000
Noncontrolling interest		600
Total purchase price		11,900
Cash acquired		1,750
Total purchase price, net of cash acquired	$	10,100

(a) Includes approximately $450 million of net deferred tax assets, including approximately $50 million of non-U.S. loss carry forwards net of valuation allowances and offsetting liabilities for unrecognized benefits. Also includes approximately $150 million of indemnification receivables for liabilities for unrecognized income tax benefits and other tax uncertainties.

(b) Includes approximately $750 million of liabilities for unrecognized income tax benefits and other uncertain taxes and approximately $750 million of pension and other employee related costs.

Given the timing and complexity of the acquisition, the presentation of these businesses in our financial statements including the allocation of the purchase price is not yet final. Although we believe we have recorded a substantial majority of the purchase accounting adjustments as of the end of the second quarter of 2016, our review is continuing on a number of customer contracts, valuation of acquired property, plant and equipment, and evaluation of litigation claims and legacy compliance actions related to Alstom, among other areas. We are seeking to ascertain and substantiate the nature of potential adjustments to the acquisition date balance sheet, which include, but are not limited to, the aforementioned differences between IFRS and US GAAP. We expect to record additional purchase accounting adjustments in the third quarter and will complete our post-closing procedures and purchase price allocation no later than the fourth quarter of 2016.

CHANGES IN GOODWILL BALANCES
					Dispositions,
					currency
	Balance at				exchange		Balance at
(In millions)	January 1, 2016		Acquisitions (a)		and other		June 30, 2016
Power	$	16,736	$	1,147	$	(24)	$	17,859
Renewable Energy		2,580		28		(11)		2,596
Oil & Gas		10,594		-		7		10,601
Energy Connections		6,227		156		30		6,412
Aviation		8,567		-		67		8,635
Healthcare		17,353		98		(15)		17,436
Transportation		851		-		7		858
Appliances & Lighting		214		64		17		295
Capital		2,370		-		1		2,370
Corporate		34		-		(1)		34
Total	$	65,526	$	1,492	$	79	$	67,097

(a)Goodwill balances associated with Alstom and their allocations to segments are preliminary.

Goodwill balances increased by $1,571 million in 2016, primarily as a result of the Alstom acquisition purchase accounting adjustments.

oTHER INTANGIBLE ASSETS

OTHER INTANGIBLE ASSETS - NET
(In millions)	June 30, 2016		December 31, 2015
Intangible assets subject to amortization	$	16,550	$	17,688
Indefinite-lived intangible assets(a)		100		109
Total	$	16,650	$	17,797

(a) Indefinite-lived intangible assets principally comprise trademarks and in-process research and development.

INTANGIBLE ASSETS SUBJECT TO AMORTIZATION
	June 30, 2016						December 31, 2015
	Gross						Gross
	carrying		Accumulated				carrying		Accumulated
(In millions)	amount		amortization		Net		amount		amortization		Net
Customer-related	$	9,321	$	(2,297)	$	7,024	$	9,758	$	(2,113)	$	7,645
Patents and technology		8,497		(3,358)		5,139		8,543		(3,096)		5,447
Capitalized software		7,529		(4,339)		3,190		7,375		(4,136)		3,239
Trademarks		1,257		(314)		944		1,337		(282)		1,055
Lease valuations		125		(47)		78		167		(22)		145
Present value of future profits(a)		668		(668)		-		651		(651)		-
All other		330		(155)		175		267		(108)		159
Total	$	27,728	$	(11,177)	$	16,550	$	28,098	$	(10,408)	$	17,688

(a) Balances at June 30, 2016 and December 31, 2015 reflect adjustments of $253 million and $266 million, respectively, to the present value of future profits in our run-off insurance operation to reflect the effects that would have been recognized had the related unrealized investment securities holding gains and losses actually been realized.

Intangible assets subject to amortization decreased by $1,138 million in the six months endedJune 30, 2016, primarily as a result of changes in the fair value of the acquired Alstom intangible assets and amortization.

GE amortization expense related to intangible assets subject to amortization was $450 million and $314 million in the three months endedJune 30, 2016 and 2015, respectively, and $896 million and $643 million for the six months endedJune 30, 2016 and 2015, respectively. GE Capital amortization expense related to intangible assets subject to amortization was $37 million and $31 million in the three months endedJune 30, 2016 and 2015, respectively, and $70 million and $26 million for the six months endedJune 30, 2016 and 2015, respectively.

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Contract Assets

6 Months Ended

Jun. 30, 2016

Other Assets [Abstract]

Contract Assets

NOTE 8. CONTRACT ASSETS

(In millions)		June 30, 2016		December 31, 2015
GE
Contract assets	$	23,458	$	21,156

Contract assets reflect revenues earned in excess of billings on our long-term contracts to construct technically complex equipment (such as gas power systems and aircraft engines), long-term product maintenance or extended warranty arrangements and other deferred contract related costs. Long-term product maintenance amounts are presented net of related billings in excess of revenues of $2,948 million and $2,602 million at June 30, 2016 and December 31, 2015, respectively.

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Borrowings

6 Months Ended

Jun. 30, 2016

Debt Disclosure [Abstract]

Borrowings

NOTE 9. BORROWINGS

(In millions)	June 30, 2016		December 31, 2015
Short-term borrowings
GE
Commercial paper	$	1,000	$	500
Current portion of long-term borrowings		16,183		17,770
Other		2,202		1,522
Total GE short-term borrowings(a)		19,384		19,792
GE Capital
Commercial paper
U.S.		5,002		650
Non-U.S.		-		4,351
Current portion of long-term borrowings		8,485		24,969
Intercompany payable to GE(b)		11,040		17,642
Other(c)		156		1,005
Total GE Capital short-term borrowings		24,683		48,617
Eliminations(b)		(12,141)		(18,549)
Total short-term borrowings	$	31,927	$	49,860
Long-term borrowings
GE
Senior notes	$	63,925	$	72,471
Subordinated notes		2,910		2,940
Subordinated debentures(d)		2,347		6,600
Other		952		1,298
Total GE long-term borrowings(a)		70,134		83,309
GE Capital
Senior notes		50,266		59,107
Subordinated notes		329		251
Intercompany payable to GE(b)		54,146		67,062
Other(c)		1,895		2,058
Total GE Capital long-term borrowings		106,636		128,478
Eliminations(b)		(54,266)		(67,128)
Total long-term borrowings	$	122,504	$	144,659
Non-recourse borrowings of consolidated securitization entities(e)	$	2,005	$	3,083
Total borrowings	$	156,436	$	197,602

• Excluding assumed debt of GE Capital, GE total borrowings is $19,331 million.
• The amount of the intercompany payable to GE was $65,186 million as of June 30, 2016, which includes a reduction in the short-term intercompany payable to GE for a $5,002 million loan in the second quarter of 2016 from GE Capital to GE, which bears the right of offset against amounts owed under the assumed debt agreement.
• Included $2,567million and $2,679million of funding secured by aircraft and other collateral at June 30, 2016 and December 31, 2015, respectively, of which $1,475million and $1,534million is non-recourse to GE Capital at June 30, 2016 and December 31, 2015, respectively.
• Included $2,347 million of subordinated debentures, which constitute the sole assets of trusts that have issued trust preferred securities and where GE owns 100% of the common securities of the trusts. Obligations associated with these trusts are unconditionally guaranteed by GE.
• Included $1,193 million and $918 million of current portion of long-term borrowings at June 30, 2016 and December 31, 2015, respectively. See Note 16.

As discussed in Note 1, the adoption of ASU 2015-03 resulted in the reclassification of $674 million of unamortized debt issuance costs related to the Company’s borrowings, of which $641 million was reclassified in long-term borrowings and $33 million was reclassified in short-term borrowings, within our consolidated balance sheet as of December 31, 2015.

On April 10, 2015, GE provided a full and unconditional guarantee on the payment of the principal and interest on all tradable senior and subordinated outstanding long-term debt securities and all commercial paper issued or guaranteed by GE Capital. $92.6 billion of such debt was assumed by GE on December 2, 2015 upon its merger with GE Capital resulting in an intercompany payable to GE.At June 30, 2016, the amount of the intercompany payable to GE was $65.2 billion, including $70.2 billion of borrowings assumed by GE and a reduction for a $5.0 billion short-term loan in the second quarter of 2016 from GE Capital to GE, which bears the right of offset against amounts owed under the assumed debt agreement.  The Guarantee applies to approximately $54.5 billion of GE Capital debt.Prior to the merger $36 billion (representing $31 billion of outstanding principal and $5 billion of premium) of GE Capital debt was exchanged into a new GE Capital international entity, including $16.4 billion, which matured on April 15, 2016.

Additional information about borrowings and associated swaps can be found in Notes 15 and 19.

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Postretirement Benefit Plans

6 Months Ended

Jun. 30, 2016

Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]

Postretirement Benefit Plans

NOTE 10. POSTRETIREMENT BENEFIT PLANS

We sponsor a number of pension and retiree health and life insurance benefit plans. Principal pension plans are the GE Pension Plan and the GE Supplementary Pension Plan. Principal retiree benefit plans provide health and life insurance benefits to certain eligible participants and these participants share in the cost of the healthcare benefits. Other pension plans include the U.S. and non-U.S. pension plans with pension assets or obligations greater than $50 million. Smaller pension plans and other retiree benefit plans are not material individually or in the aggregate.

EFFECT ON OPERATIONS OF PENSION PLANS
	Principal pension plans
	Three months ended June 30				Six months ended June 30
(In millions)		2016		2015		2016		2015
Service cost for benefits earned	$	291	$	367	$	606	$	728
Prior service cost amortization		76		51		152		103
Expected return on plan assets		(836)		(827)		(1,670)		(1,652)
Interest cost on benefit obligations		735		696		1,469		1,391
Net actuarial loss amortization		612		820		1,224		1,645
Curtailment loss (gain)		(1)		-		(1)		71	(a)
Pension plans cost	$	877	$	1,107	$	1,780	$	2,286

(a) Curtailment loss resulting from GE Capital Exit Plan.

	Other pension plans
	Three months ended June 30				Six months ended June 30
(In millions)		2016		2015		2016		2015
Service cost for benefits earned	$	118	$	95	$	231	$	200
Prior service credit amortization		-		-		(1)		-
Expected return on plan assets		(259)		(205)		(522)		(414)
Interest cost on benefit obligations		168		130		340		263
Net actuarial loss amortization		65		71		129		145
Pension plans cost	$	92	$	91	$	177	$	194

EFFECT ON OPERATIONS OF PRINCIPAL RETIREE BENEFIT PLANS
	Principal retiree benefit plans
	Three months ended June 30					Six months ended June 30
(In millions)		2016		2015			2016		2015
Service cost for benefits earned	$	27	$	51		$	52	$	92
Prior service cost (credit) amortization		(41)		34			(82)		67
Expected return on plan assets		(11)		(12)			(22)		(24)
Interest cost on benefit obligations		63		100			126		201
Net actuarial loss (gain) amortization		(14)		2			(27)		3
Curtailment gain, net		-		(196)	(a)		-		(192)	(b)
Retiree benefit plans cost	$	24	$	(21)		$	47	$	147

(a) Curtailment gain resulting from a life insurance plan amendment.

(b) Included a curtailment gain resulting from a life insurance plan amendment and a curtailment loss resulting from the GE Capital Exit Plan.

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Income Taxes

6 Months Ended

Jun. 30, 2016

Income Tax Disclosure [Abstract]

Income Taxes

NOTE 11. INCOME TAXES

UNRECOGNIZED TAX BENEFITS
(In millions)	June 30, 2016		December 31, 2015
Unrecognized tax benefits	$	6,572	$	6,778
Portion that, if recognized, would reduce tax expense and effective tax rate(a)		4,164		4,723
Accrued interest on unrecognized tax benefits		945		805
Accrued penalties on unrecognized tax benefits		135		98
Reasonably possible reduction to the balance of unrecognized tax benefits
in succeeding 12 months		0-1,400		0-700
Portion that, if recognized, would reduce tax expense and effective tax rate(a)		0-800		0-200

(a) Some portion of such reduction may be reported as discontinued operations.

The Internal Revenue Service (IRS) is currently auditing our consolidated U.S. income tax returns for 2012-2013. In addition, certain other U.S. tax deficiency issues and refund claims for previous years are still unresolved. The IRS has disallowed the tax loss on our 2003 disposition of ERC Life Reinsurance Corporation. We have contested the disallowance of this loss.In April 2016, we reached a preliminary settlement of the case with the U.S. Department of Justice that is subject to further review and approval within the government. Consequently, it is reasonably possible that the unresolved items could be resolved during the next 12 months, which could result in a decrease in our balance of unrecognized tax benefits – that is, the aggregate tax effect of differences between tax return positions and the benefits recognized in our financial statements. We believe that there are no other jurisdictions in which the outcome of unresolved issues or claims is likely to be material to our results of operations, financial position or cash flows. We further believe that we have made adequate provision for all income tax uncertainties.

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Shareowners' Equity

6 Months Ended

Jun. 30, 2016

Stockholders' Equity Note [Abstract]

Shareowners' Equity

NOTE 12. SHAREOWNERS’ EQUITY

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
	Three months ended June 30				Six months ended June 30
(In millions)	2016		2015		2016		2015
Investment securities
Beginning balance	$	680	$	1,245	$	460	$	1,013
Other comprehensive income (loss) (OCI) before reclassifications –
net of deferred taxes of $222, $(365), $304 and $(210)		419		(692)		578		(405)
Reclassifications from OCI – net of deferred taxes
of $(9), $3, $31 and $(26)		(21)		10		39		(44)
Other comprehensive income (loss)(a)		397		(682)		617		(449)
Less OCI attributable to noncontrolling interests		-		(1)		-		-
Ending balance	$	1,077	$	564	$	1,077	$	564
Currency translation adjustments (CTA)
Beginning balance	$	(5,500)	$	(7,716)	$	(5,499)	$	(2,427)
OCI before reclassifications – net of deferred taxes
of $(50), $(201), $217 and $1,343		26		1,511		141		(3,828)
Reclassifications from OCI – net of deferred taxes
of $(39), $(150), $80 and $(151)		29		304		(85)		307
Other comprehensive income (loss)(a)		55		1,815		57		(3,521)
Less OCI attributable to noncontrolling interests		3		13		6		(34)
Ending balance	$	(5,448)	$	(5,914)	$	(5,448)	$	(5,914)
Cash flow hedges
Beginning balance	$	(26)	$	(226)	$	(80)	$	(180)
OCI before reclassifications – net of deferred taxes
of $2, $42, $(5) and $4		(15)		433		(40)		(493)
Reclassifications from OCI – net of deferred taxes
of $(4), $(68), $1 and $49		(10)		(347)		69		533
Other comprehensive income (loss)(a)		(25)		86		30		40
Less OCI attributable to noncontrolling interests		-		-		-		-
Ending balance	$	(51)	$	(140)	$	(51)	$	(140)
Benefit plans
Beginning balance	$	(10,859)	$	(15,667)	$	(11,410)	$	(16,578)
Prior service credit (costs) - net of deferred taxes
of $0, $1,194, $5 and $1,194		-		2,090		23		2,090
Net actuarial gain (loss) – net of deferred taxes
of $(65), $204, $(43) and $269		(80)		349		(12)		559
Net curtailment/settlement - net of deferred taxes
of $0, $(71), $0 and $(44)		(1)		(125)		(1)		(77)
Prior service cost amortization – net of deferred taxes
of $20, $38, $41 and $75		17		51		33		101
Net actuarial loss amortization – net of deferred taxes
of $217, $301, $433 and $605		447		586		890		1,187
Other comprehensive income (loss)(a)		382		2,951		933		3,860
Less OCI attributable to noncontrolling interests		-		-		(1)		(2)
Ending balance	$	(10,476)	$	(12,716)	$	(10,476)	$	(12,716)
Accumulated other comprehensive income (loss) at June 30	$	(14,898)	$	(18,206)	$	(14,898)	$	(18,206)

(a)Total other comprehensive income (loss) was $810 million and $4,170 million in the three months endedJune 30, 2016 and 2015, respectively and $1,636 million and $(70) million in the six months endedJune 30, 2016 and 2015, respectively.

RECLASSIFICATION OUT OF AOCI
	Three months ended				Six months ended
	June 30				June 30
(In millions)	2016		2015		2016		2015		Statement of earnings caption
Available-for-sale securities
Realized gains (losses) on
sale/impairment of securities	$	30	$	(13)	$	(70)	$	70	Total revenues and other income(a)
Income taxes		(9)		3		31		(26)	Benefit (provision) for income taxes(b)
Net of tax	$	21	$	(10)	$	(39)	$	44
Currency translation adjustments
Gains (losses) on dispositions	$	10	$	(154)	$	5	$	(156)	Total revenues and other income(c)
Income taxes		(39)		(150)		80		(151)	Benefit (provision) for income taxes(d)
Net of tax	$	(29)	$	(304)	$	85	$	(307)
Cash flow hedges
Gains (losses) on interest rate
derivatives	$	(26)	$	(22)	$	(55)	$	(61)	Interest and other financial charges
Foreign exchange contracts		37		430		(5)		(528)	(e)
Other		2		7		(11)		7	(f)
Total before tax		14		415		(71)		(582)
Income taxes		(4)		(68)		1		49	Benefit (provision) for income taxes
Net of tax	$	10	$	347	$	(69)	$	(533)
Benefit plan items
Curtailment gain (loss)	$	1	$	196	$	1	$	121	(g)
Amortization of prior service costs		(37)		(89)		(74)		(176)	(g)
Amortization of actuarial gains (losses)		(664)		(887)		(1,323)		(1,792)	(g)
Total before tax		(700)		(780)		(1,396)		(1,847)
Income taxes		237		268		474		636	Benefit (provision) for income taxes
Net of tax	$	(463)	$	(512)	$	(922)	$	(1,211)
Total reclassification adjustments (net of tax)	$	(461)	$	(479)	$	(946)	$	(2,007)

• Included $6 million and $15million for the three months ended June 30, 2016 and 2015, and $(72) million and $17million for the six months ended June 30, 2016 and 2015, respectively in earnings (loss) from discontinued operations, net of taxes.
• Included $(1) million and $(7) million for the three months ended June 30, 2016 and 2015, and $31 million and $(6) million for thesix months ended June 30, 2016 and 2015, respectively in earnings (loss) from discontinued operations, net of taxes.
• Included $77 million and $4 million for the three months ended June 30, 2016 and 2015, and $71 million and$4 million for the six months ended June 30, 2016 and 2015, respectively in earnings (loss) from discontinued operations, net of taxes.
• Included $(39) million and $(137) million for the three months ended June 30, 2016 and 2015, and $80 million and $(137) million for the six months ended June 30, 2016 and 2015, respectively in earnings (loss) from discontinued operations, net of taxes
• Included $53 million and $404 million in GE Capital revenues from services and $(17) million and $26 million in interest and other financial charges in the three months endedJune 30, 2016 and 2015, respectively and $31 million and $(540) million in GE Capital revenues from services and $(36) million and $12 million in interest and other financial charges in the six months endedJune 30, 2016 and 2015, respectively.
• Primarily recorded in costs and expenses.
• Curtailment gain (loss), amortization of prior service costs and actuarial gains and losses out of AOCI are included in the computation of net periodic pension costs. See Note 10 for further information.

SHARES OF GE PREFERRED STOCK

At December 31, 2014 GECC had outstanding 50,000 shares of non-cumulative A, B and C Series perpetual preferred stock at an average dividend rate of 6.44% with a face value of $5,000 million. In connection with the GE Capital Exit Plan, on December 3, 2015, these shares were converted into a corresponding Series A, B, and C of fixed-to-floating rate non-cumulative perpetual preferred stock issued by GE with face value of $2,778 million, $2,073 million, $1,094 million, respectively, for a cumulative face value of $5,944 million and an initial average fixed dividend rate of 4.07%. The incremental shares were issued in order to compensate preferred holders for the lower dividend rate. Subsequent to the issuance of the preferred stock on December 3, 2015, in response to investor feedback, GE launched an exchange offer on December 18, 2015 that allowed GE preferred stock investors to exchange their existing Series A, B and C preferred stock into a Series D GE preferred stock. These Series D instruments bear an initial fixed interest rate of 5.00% through January 21, 2021, will bear a floating rate equal to three-month LIBOR plus 3.33% thereafter and are callable on January 21, 2021. On January 20, 2016, $2,687 million of Series A, $2,008 million of Series B and $999 million of Series C were exchanged into $5,694 million Series D GE preferred stock. In addition to interim dividends and accretion of $89 million, a deemed dividend of $232 million was recorded inthe six months endedJune 30, 2016, $195 million for the amount by which the fair value of the Series D GE preferred stock exceeded the fair value of the original GECC Series A, B and C preferred stock, and a cash payment of $37 million paid to the GE Series A and B preferred stockholders who exchanged into the Series D GE preferred stock. Post exchange, $91million of Series A, $64million of Series B and $95million of Series C GE preferred stock remain outstanding. The carrying value of the GE preferred stock at June 30, 2016 was $5,216million and will increase to $5,944 million through periodic accretion to the respective call dates of each series. Principal and accretion for the preferred stock is recorded in other capital in the consolidated Statement of Financial Position and dividends and accretion are presented under the caption “Preferred stock dividends” in the Statement of Earnings (Loss).Dividends on GE preferred stock are payable semi-annually, in June and December and accretion is recorded on a quarterly basis.

In conjunction with the exchange of the GE Capital preferred stock into GE preferred stock and the exchange of Series A, B and C preferred stock into Series D preferred stock, GE Capital issued preferred stock to GE for which the amount and terms mirror the GE preferred stock held by external investors ($5,216 million carrying value at June 30, 2016).

Noncontrolling Interests

Noncontrolling interests in equity of consolidated affiliates includes common shares in consolidated affiliates and preferred stock issued by our affiliates.

CHANGES TO NONCONTROLLING INTERESTS
	Three months ended June 30				Six months ended June 30
(In millions)		2016		2015		2016		2015
Beginning balance	$	1,667	$	8,738	$	1,864	$	8,674
Net earnings (loss)		1		223		(68)		192
GECC preferred stock dividend		-		(161)		-		(161)
Dividends		(14)		(16)		(21)		(18)
Dispositions		-		(6)		(42)		(6)
Other (including AOCI)(a)(b)		39		(2)		(40)		95
Ending balance	$	1,693	$	8,776	$	1,693	$	8,776

(a) Includes research & development partner funding arrangements, acquisitions and eliminations.

(b) Includes $(123) million for deconsolidation of investment funds managed by GE Asset Management (GEAM) upon the adoption of ASU 2015-02, Amendments to the Consolidation Analysis. See Note 1.

The ending balance for the period ended June 30, 2015 included $4,949million related to GECC Series A, B and C preferred stock. In connection with the reorganization of the GE Capital businesses, original GECC preferred stock was converted to preferred stock issued by GE in the fourth quarter of 2015, and accordingly GE preferred stock is reflected in shareowners’ equity in the consolidated Statement of Financial Position. The dividend on GECC preferred stock was $161 million in the three months ended and the six months endedJune 30, 2015. In addition, the ending balance for the period ended June 30, 2015also included $2,700million related to Synchrony Financial, which was eliminated as part of the split-off of Synchrony Financial from GE in the fourth quarter of 2015.

redeemable noncontrolling interest

Redeemable noncontrolling interest presented in our statement of financial position includes common shares issued by our affiliates that are redeemable at the option of the holder of those interests.

As part of the Alstom acquisition, we formed three joint ventures in which the noncontrolling interests hold certain redemption rights. These joint ventures and the associated redemption rights are discussed in Note 7. Our retained earnings will be adjusted for subsequent changes in the redemption value of the noncontrolling interest in these entities to the extent that the redemption value exceeds the carrying amount of the noncontrolling interest.

	Three months ended June 30				Six months ended June 30
(In millions)		2016		2015		2016		2015
Beginning balance	$	3,036	$	73	$	2,972	$	98
Net earnings (loss)		(86)		3		(139)		(2)
Dividends		-		(1)		(9)		(11)
Redemption value adjustment		79		1		110		1
Other		42		3		135		(7)
Ending balance	$	3,070	$	79	$	3,070	$	79

Other

During the first six months of 2016, we repurchased $13,728million of our common stock, including $6,264 million repurchased under the accelerated share repurchase (ASR) agreements.

In June 2016, we entered into an ASR agreement with a financial institution which allowed us to repurchase GE common stock at a price below its volume weighted-average price during a given period. During the second quarter, we paid $5,000million and received and classified as treasury shares an initial delivery of 142,474,019shares based on then-current market prices. The payment was recorded as a reduction to shareowners’ equity, consisting of a $4,250 million increase in treasury stock, which reflects the value of the shares received upon initial delivery, and a $750 million decrease in other capital, which reflects the value of the stock held back pending final delivery in the third quarter of 2016.

We accounted for the ASR as two separate transactions: (i) 142,474,019shares of common stock initially delivered to GE and $4,250million was accounted for as a treasury stock transaction and (ii) the unsettled contract of $750million was determined to be a forward contract indexed to GE’s own common stock. The initial delivery of 142,474,019shares resulted in an immediate reduction of the outstanding shares used to calculate the weighted-average common shares outstanding for basic and diluted earnings per share. GE has determined that the forward contract, indexed to its own common stock, met all the criteria for equity classification.

In the second quarter of 2016, we received the remaining 10,222,022 shares related to the ASR agreement entered in March 2016 based on the final volume weighted-average price less the negotiated discount.

Common dividends from GE Capital totaled $3,500million and $11,000million to GE in the three months ended June 30, 2016 and the six months endedJune 30, 2016, respectively. GE Capital did not pay any common dividends to GE in the three months ended June 30, 2015 and paid common dividends of $450 million to GE in the six months endedJune 30, 2015, respectively. Dividends on GE preferred stock totaled $152million, including cash dividends of $120 million and $441million, including cash dividends of $185 million to GE in the three months ended June 30, 2016 and the six months endedJune 30, 2016, respectively. There were no dividends on GE preferred stock in the three months ended and in the six months endedJune 30, 2015.

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Earnings Per Share Information

6 Months Ended

Jun. 30, 2016

Earnings Per Share [Abstract]

Earnings Per Share Information

NOTE 13. EARNINGS PER SHARE INFORMATION

	Three months ended June 30
	2016				2015
(In millions; per-share amounts in dollars)	Diluted		Basic		Diluted		Basic
Amounts attributable to the Company:
Consolidated
Earnings from continuing operations for
per-share calculation(a)(b)(c)	$	3,427	$	3,430	$	1,677	$	1,677
Preferred stock dividends		(152)		(152)		-		-
Earnings (loss) from continuing operations attributable to
common shareowners for per-share calculation(a)(b)(c)	$	3,275	$	3,278	$	1,677	$	1,677
Earnings (loss) from discontinued operations
for per-share calculation(a)(b)(c)		(543)		(540)		(3,034)		(3,034)
Net earnings (loss) attributable to GE common
shareowners for per-share calculation(a)(b)(c)	$	2,732	$	2,735	$	(1,357)	$	(1,357)
Average equivalent shares
Shares of GE common stock outstanding		9,079		9,079		10,087		10,087
Employee compensation-related shares (including
stock options)		85		-		71		-
Total average equivalent shares		9,164		9,079		10,158		10,087
Per-share amounts
Earnings (loss) from continuing operations	$	0.36	$	0.36	$	0.17	$	0.17
Earnings (loss) from discontinued operations		(0.06)		(0.06)		(0.30)		(0.30)
Net earnings (loss)		0.30		0.30		(0.13)		(0.13)

	Six months ended June 30
	2016				2015
(In millions; per-share amounts in dollars)	Diluted		Basic		Diluted		Basic
Amounts attributable to the Company:
Consolidated
Earnings (loss) from continuing operations for
per-share calculation(a)(b)(c)	$	3,925	$	3,927	$	(2,875)	$	(2,875)
Preferred stock dividends		(441)		(441)		-		-
Earnings (loss) from continuing operations attributable to
common shareowners for per-share calculation(a)(b)(c)	$	3,484	$	3,486	$	(2,875)	$	(2,875)
Earnings (loss) from discontinued operations
for per-share calculation(a)(b)(c)		(855)		(852)		(12,070)		(12,070)
Net earnings (loss) attributable to GE common
shareowners for per-share calculation(a)(b)(c)	$	2,631	$	2,634	$	(14,939)	$	(14,939)
Average equivalent shares
Shares of GE common stock outstanding		9,179		9,179		10,077		10,077
Employee compensation-related shares (including
stock options)		85		-		-		-
Total average equivalent shares		9,264		9,179		10,077		10,077
Per-share amounts
Earnings (loss) from continuing operations	$	0.38	$	0.38	$	(0.29)	$	(0.29)
Earnings (loss) from discontinued operations		(0.09)		(0.09)		(1.20)		(1.20)
Net earnings (loss)		0.28		0.29		(1.48)		(1.48)

• Our unvested restricted stock unit awards that contain non-forfeitable rights to dividends or dividend equivalents are considered participating securities. For the three months endedJune 30, 2016 and 2015, participating securities are included in the computation of earnings (loss) per share pursuant to the two-class method and the application of this treatment had an insignificant effect. For the six month period ended June 30, 2016, pursuant to the two-class method, as a result of the excess of dividends in current period earnings, losses were not allocated to the participating securities. For the six month period ended June 30, 2015, pursuant to the two-class method, as a result of the net loss from continuing operations, losses were not allocated to the participating securities.
• Included an insignificant amount of dividend equivalents in each of the periods presented.
• Included the dilutive adjustment for the change in income for forward purchase contracts that may be settled in stock for the three and six months ended June 30, 2016.

For the three months endedJune 30, 2016 and 2015, approximately 25 million and 94 million, respectively, of outstanding stock awards were not included in the computation of diluted earnings (loss) per share because their effect was antidilutive. For the six months ended June 30, 2016, approximately 28 million of outstanding stock awards were not included in the computation of diluted earnings per share because their effect was antidilutive. As a result of the loss from continuing operations for the six months ended June 30, 2015, outstanding stock awards of approximately 364 million, were not included in the computation of diluted earnings per share because their effect was antidilutive.

In June 2016, we entered into an ASR agreement to repurchase shares of GE common stock. See Note 12 for additional information. The initial delivery of 142,474,019 shares resulted in an immediate reduction of the outstanding shares used to calculate the weighted-average common shares outstanding for basic and diluted earnings per share. GE has determined that the forward contract, indexed to its own common stock, met all the criteria for equity classification. There was no dilutive impact on earnings per share related to the forward contract.

Earnings per share amounts are computed independently, as a result, the sum of per-share amounts from continuing operations and discontinued operations may not equal the total per share amounts for net earnings (loss).

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Fair Value Measurements

6 Months Ended

Jun. 30, 2016

Fair Value Disclosures [Abstract]

Fair Value Measurements

NOTE 14. FAIR VALUE MEASUREMENTS

Recurring Fair Value Measurements

Our assets and liabilities measured at fair value on a recurring basis include investment securities primarily supporting obligations to annuitants and policyholders in our run-off insurance operations.

ASSETS AND LIABILITIES MEASURED AT FAIR VALUE ON A RECURRING BASIS
									Netting
(In millions)	Level 1		(a)	Level 2		(a)	Level 3		adjustment		(b)	Net balance
June 30, 2016
Assets
Investment securities
Debt
U.S. corporate	$	-		$	21,426		$	3,422	$	-		$	24,848
State and municipal		-			4,536			32		-			4,568
Mortgage and asset-backed		-			3,115			8		-			3,122
Corporate – non-U.S.		-			5,168			244		-			5,412
Government – non-U.S.		-			764			-		-			764
U.S. government and federal agency		-			532			307		-			839
Equity		143			16			8		-			167
Derivatives(c)		-			7,669			40		(6,821)			888
Total	$	143		$	43,226		$	4,060	$	(6,821)		$	40,608
Liabilities
Derivatives	$	-		$	4,474		$	3	$	(3,830)		$	646
Other(e)		-			1,132			-		-			1,132
Total	$	-		$	5,606		$	3	$	(3,830)		$	1,778
December 31, 2015
Assets
Investment securities
Debt
U.S. corporate	$	-		$	19,351		$	3,006	$	-		$	22,358
State and municipal		-			4,215			30		-			4,245
Mortgage and asset-backed		-			3,084			32		-			3,116
Corporate – non-U.S.		12			544			290		-			847
Government – non-U.S.		5			410			-		-			415
U.S. government and federal agency		49			404			323		-			776
Equity		194			9			13		-			217
Derivatives(c)		-			7,312			79		(6,110)			1,281
Other(d)		-			-			259		-			259
Total	$	260		$	35,331		$	4,033	$	(6,110)		$	33,512
Liabilities
Derivatives	$	-		$	5,677		$	4	$	(4,968)		$	713
Other(e)		-			1,182			-		-			1,182
Total	$	-		$	6,860		$	4	$	(4,968)		$	1,895

(a) There were $12million of Corporate – non-U.S. securities and $50million of U.S. Treasuries and federal agency securities transferred from Level 1 to Level 2 in the six months endedJune 30, 2016 primarily attributable to changes in approach. There were no securities transferred between Level 1 and Level 2 in the year ended December 31, 2015.

(b) The netting of derivative receivables and payables (including the effects of any collateral posted or received) is permitted when a legally enforceable master netting agreement exists.

(c) The fair value of derivatives includes an adjustment for non-performance risk. At June 30, 2016 and December 31, 2015, the cumulative adjustment for non-performance risk was $(9) million and insignificant, respectively. See Notes15 and 19 for additional information on the composition of our derivative portfolio.

(d) Includes private equity investments.

(e) Primarily represents the liabilities associated with certain of our deferred incentive compensation plans.

Level 3 Instruments

The majority of our Level 3 balances consist of investment securities classified as available-for-sale with changes in fair value recorded in shareowners’ equity.

CHANGES IN LEVEL 3 INSTRUMENTS FOR THE THREE MONTHS ENDED
																			Net
																			change in
			Net			Net													unrealized
			realized/			realized/													gains
			unrealized		unrealized														(losses)
			gains			gains													relating to
			(losses)			(losses)							Transfers		Transfers				instruments
	Balance at		included in			included							into		out of		Balance at		still held at
(In millions)	April 1		earnings(a)			in AOCI	Purchases		Sales		Settlements		Level 3(b)		Level 3(b)		June 30		June 30(c)
2016
Investment securities
Debt
U.S. corporate	$	3,143	$	4	$	132	$	173	$	-	$	(35)	$	8	$	(3)	$	3,422	$	-
State and municipal		31		-		1		-		-		-		-		-		32		-
Mortgage and
asset-backed		23		(10)		-		-		-		(5)		-		-		8		-
Corporate – non-U.S.		295		28		(5)		9		(82)		-		(1)		-		244		-
U.S. government and
federal agency		277		-		30		-		-		-		-		-		307		-
Equity		9		-		(1)		-		-		-		-		-		8		-
Derivatives(d)(e)		82		(26)		-		-		-		(41)		11		11		37		(24)
Total	$	3,859	$	(4)	$	158	$	183	$	(82)	$	(82)	$	18	$	8	$	4,057	$	(24)
2015
Investment securities
Debt
U.S. corporate	$	3,163	$	(10)	$	(145)	$	87	$	(38)	$	(20)	$	-	$	(13)	$	3,024	$	-
State and municipal		58		-		(3)		-		-		(8)		-		-		47		-
Mortgage and
asset-backed		114		(15)		(8)		-		-		-		-		(13)		78		-
Corporate – non-U.S.		290		-		(7)		-		-		-		-		-		283		-
Government – non-U.S.		2		-		-		-		-		-		-		-		2		-
U.S. government and
federal agency		291		-		2		-		-		-		-		-		293		-
Equity		6		-		-		6		(6)		-		-		-		6		-
Derivatives(d)(e)		33		(2)		-		-		-		(6)		40		-		65		33
Other		225		4		-		-		(7)		-		-		-		222		1
Total	$	4,183	$	(23)	$	(161)	$	92	$	(51)	$	(35)	$	40	$	(27)	$	4,020	$	34

• Earnings effects are primarily included in the “GE Capital revenues from services” and “Interest and other financial charges” captions in the Statement of Earnings.
• Transfers in and out of Level 3 are considered to occur at the beginning of the period. Transfers out of Level 3 were primarily a result of increased use of quotes from independent pricing vendors based on recent trading activity.
• Represents the amount of unrealized gains or losses for the period included in earnings.
• Represents derivative assets net of derivative liabilities and includes cash accruals of none and $11 million not reflected in the fair value hierarchy table for the three months endedJune 30, 2016 and 2015, respectively.
• Gains (losses) included in net realized/unrealized gains (losses) included in earnings were offset by the earnings effects from the underlying items that were economically hedged. See Notes 15 and 19.

CHANGES IN LEVEL 3 INSTRUMENTS FOR THE SIX MONTHS ENDED
																			Net
																			change in
			Net			Net													unrealized
			realized/			realized/													gains
			unrealized		unrealized														(losses)
			gains			gains													relating to
			(losses)			(losses)							Transfers		Transfers				instruments
	Balance at		included in			included							into		out of		Balance at		still held at
(In millions)	January 1		earnings(a)			in AOCI	Purchases		Sales		Settlements		Level 3(b)		Level 3(b)		June 30		June 30(c)
2016
Investment securities
Debt
U.S. corporate	$	3,006	$	8	$	232	$	233	$	(5)	$	(43)	$	8	$	(18)	$	3,422	$	-
State and municipal		30		-		2		-		-		-		-		-		32		-
Mortgage and
asset-backed		32		(19)		-		-		-		(6)		-		-		8		-
Corporate – non-U.S.		290		28		-		9		(82)		(1)		(1)		-		244		-
U.S. government and
federal agency		323		-		(15)		-		-		(1)		-		-		307		-
Equity		13		(6)		1		-		-		-		-		-		8		-
Derivatives(d)(e)		88		(22)		-		-		-		(39)		-		10		37		(20)
Other		259		-		-		-		-		-		-		(259)		-		-
Total	$	4,042	$	(12)	$	221	$	243	$	(87)	$	(90)	$	7	$	(267)	$	4,057	$	(20)
2015
Investment securities
Debt
U.S. corporate	$	3,053	$	(6)	$	(86)	$	181	$	(49)	$	(56)	$	-	$	(13)	$	3,024	$	-
State and municipal		58		-		(2)		-		-		(8)		-		-		47		-
Mortgage and
asset-backed		145		(9)		(9)		-		(32)		(3)		-		(13)		78		-
Corporate – non-U.S.		337		-		(4)		-		(49)		-		-		-		283		-
Government – non-U.S.		2		-		-		-		-		-		-		-		2		-
U.S. government and
federal agency		266		-		28		-		-		(1)		-		-		293		-
Equity		9		2		(2)		6		(6)		(4)		-		-		6		-
Derivatives(d)(e)		29		3		-		-		-		(8)		40		-		65		40
Other		277		(34)		-		-		(20)		-		-		-		222		(37)
Total	$	4,175	$	(44)	$	(74)	$	187	$	(157)	$	(80)	$	41	$	(27)	$	4,020	$	3

• Earnings effects are primarily included in the “GE Capital revenues from services” and “Interest and other financial charges” captions in the Statement of Earnings.
• Transfers in and out of Level 3 are considered to occur at the beginning of the period. Transfers out of Level 3 for the six months endedJune 30, 2016 were primarily a result of the adoption of ASU 2015-02, Amendments to the Consolidation Analysis. See Note 1.
• Represents the amount of unrealized gains or losses for the period included in earnings.
• Represents derivative assets net of derivative liabilities and includes cash accruals of none and $11 million not reflected in the fair value hierarchy table for the six months endedJune 30, 2016 and 2015, respectively.
• Gains (losses) included in net realized/unrealized gains (losses) included in earnings were offset by the earnings effects from the underlying items that were economically hedged. See Notes 15 and 19.

The following table represents non-recurring fair value amounts (as measured at the time of the adjustment) for those assets remeasured to fair value on a non-recurring basis during the fiscal year and still held at June 30, 2016 and December 31, 2015.

	Remeasured during				Remeasured during
	the six months ended				the year ended
	June 30, 2016				December 31, 2015
(In millions)	Level 2		Level 3		Level 2		Level 3
Financing receivables and financing receivables held for sale	$	-	$	33	$	-	$	154
Cost and equity method investments		-		226		1		436
Long-lived assets		32		634		2		882
Total	$	32	$	893	$	3	$	1,471

The following table represents the fair value adjustments to assets measured at fair value on a non-recurring basis and still held at June 30, 2016 and 2015.

	Three months ended June 30				Six months ended June 30
(In millions)	2016		2015		2016		2015
Financing receivables and financing receivables held for sale	$	-	$	(19)	$	(15)	$	(21)
Cost and equity method investments		(18)		(60)		(95)		(91)
Long-lived assets		(172)		(23)		(227)		(57)
Total	$	(190)	$	(103)	$	(337)	$	(168)

LEVEL 3 MEASUREMENTS - SIGNIFICANT UNOBSERVABLE INPUTS
					Range
(Dollars in millions)	Fair value		Valuation technique	Unobservable inputs	(weighted-average)
June 30, 2016
Recurring fair value measurements
Investment securities – Debt
U.S. corporate	$	897	Income approach	Discount rate(a)	1.7%-13.5% (8.0%)
Mortgage and asset-backed		8	Income approach	Discount rate(a)	2.0%-5.0% (4.7%)
Non-recurring fair value measurements
Financing receivables and
financing receivables held for sale	$	31	Income approach	Discount rate(a)	9.0%-30.0% (20.4%)
Cost and equity method investments		138	Income approach	Discount rate(a)	9.0%-20.0% (13.2%)
Long-lived assets		599	Income approach	Discount rate(a)	1.8%-25.0% (10.5%)
December 31, 2015
Recurring fair value measurements
Investment securities – Debt
U.S. corporate	$	834	Income approach	Discount rate(a)	1.7%-14.1% (8.6%)
Mortgage and asset-backed		31	Income approach	Discount rate(a)	5.0%-12.0% (10.5%)
Corporate – non-U.S.		236	Income approach	Discount rate(a)	6.5%-14.0% (7.5%)
Other financial assets		259	Income approach,	EBITDA multiple	6.1X-15.0X (9.9X)
			Market comparables	Capitalization rate	7.8%-7.8% (7.8%)
Non-recurring fair value measurements
Financing receivables and
financing receivables held for sale	$	146	Income approach	Discount rate(a)	6.5%-30.0% (10.7%)
Cost and equity method investments		293	Income approach,	Discount rate(a)	9.5%-35.0% (14.4%)
Long-lived assets		830	Income approach	Discount rate(a)	1.8%-11.7% (10.5%)

(a) Discount rates are determined based on inputs that market participants would use when pricing investments, including credit and liquidity risk. An increase in the discount rate would result in a decrease in the fair value.

At June 30, 2016 and December 31, 2015, other Level 3 recurring fair value measurements of $3,130 million and $2,637 million, respectively, and non-recurring measurements of $122 million and $122 million, respectively, are valued using non-binding broker quotes or other third-party sources. At June 30, 2016 and December 31, 2015, other recurring fair value measurements of $22 million and $32 million, respectively, and non-recurring fair value measurements of $4 million and $80 million, respectively, were individually insignificant and utilize a number of different unobservable inputs not subject to meaningful aggregation.

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Financial Instruments

6 Months Ended

Jun. 30, 2016

Financial Instruments [Abstract]

Financial Instruments

NOTE 15. FINANCIAL INSTRUMENTS

The following table provides information about assets and liabilities not carried at fair value. The table excludes finance leases and non-financial assets and liabilities. Substantially all of the assets discussed below are considered to be Level 3. The vast majority of our liabilities’ fair value can be determined based on significant observable inputs and thus considered Level 2. Few of the instruments are actively traded and their fair values must often be determined using financial models. Realization of the fair value of these instruments depends upon market forces beyond our control, including marketplace liquidity.

	June 30, 2016				December 31, 2015
	Carrying				Carrying
	amount		Estimated		amount		Estimated
(In millions)	(net)		fair value		(net)		fair value
GE
Assets
Investments and notes receivable	$	1,353	$	1,437	$	1,104	$	1,174
Liabilities
Borrowings(a)(b)		19,331		20,822		18,397		18,954
Borrowings (debt assumed)(a)(c)		70,188		79,727		84,704		92,231
GE Capital
Assets
Loans		18,992		18,850		20,061		19,774
Time deposits(d)		3,550		3,550		10,386		10,386
Other commercial mortgages		1,356		1,481		1,381		1,447
Loans held for sale		692		692		342		342
Other financial instruments(e)		91		122		94		110
Liabilities
Borrowings(a)(f)(g)(h)		68,138		70,790		95,474		99,396
Investment contracts		2,870		3,490		2,955		3,441

(a)See Note 9.

(b) Included $93 million and $116million of accrued interest in estimated fair value at June 30, 2016 and December 31, 2015, respectively.

(c) Included $992 million and $1,006million of accrued interest in estimated fair value at June 30, 2016 and December 31, 2015, respectively.

(d) Balances at June 30, 2016 and December 31, 2015 included $3,550 million and $10,386 million, respectively of high quality interest bearing deposits of global banks, that matured in April and July 2016.

(e)Principally comprises cost method investments.

(f)Fair values exclude interest rate and currency derivatives designated as hedges of borrowings. Had they been included, the fair value of borrowings at June 30, 2016 and December 31, 2015 would have been reduced by $5,299 million and $3,001 million, respectively.

(g) Included $668 million and $1,103million of accrued interest in estimated fair value at June 30, 2016 and December 31, 2015, respectively.

(h) Excluded $65,186 million and $84,704million of intercompany payable to GE at June 30, 2016 and December 31, 2015respectively, which includes a reduction for a $5,002 million short-term loan in second quarter of 2016 from GE Capital to GE, which bears the right of offset against amounts owed under the assumed debt agreement.

NOTIONAL AMOUNTS OF LOAN COMMITMENTS
(In millions)	June 30, 2016		December 31, 2015
Ordinary course of business lending commitments(a)	$	448	$	531
Unused revolving credit lines		213		279

(a) Excluded investment commitments of $758 million and $782 million at June 30, 2016 and December 31, 2015, respectively.

Securities Repurchase and Reverse Repurchase Arrangements

Our issuances of securities repurchase agreements are insignificant and are limited to activities at certain of our foreign banks primarily for purposes of liquidity management. Any such agreements are reported in short-term borrowings on the financial statements. No repurchase agreements were accounted for as off-book financing and we do not engage in securities lending transactions. At June 30, 2016, we were party to no repurchase agreements.

We also enter into reverse securities repurchase agreements, primarily for short-term investment with maturities of 90 days or less. At June 30, 2016, we were party to reverse repurchase agreements totaling $9.7 billion, which were reported in cash and equivalents on the financial statements. Under these reverse securities repurchase agreements, we typically lend available cash at a specified rate of interest and hold U.S. or highly-rated European government securities as collateral during the term of the agreement. Collateral value is in excess of amounts loaned under the agreements.

Derivatives and Hedging

In this section, we explain how we use derivatives to manage our risks and how these financial instruments are reflected in our financial statements. Our use of derivatives relates solely to risk management; we do not use derivatives for speculation. As discussed elsewhere in this report, we are executing a plan to reduce the size and scope of our financial services business, with the intention of principally retaining those activities that support our industrial businesses. The affected businesses have either been sold or are held for sale and are presented as discontinued operations in our financial statements as of June 30, 2016. As a result of these actions, the significance of financial services hedging activity will diminish significantly in the future.

Risk management strategy

In our industrial businesses, we buy, manufacture and sell components and products across global markets. These activities expose us to changes in foreign currency exchange rates and commodity prices, which can adversely affect revenues earned and costs of operating our industrial businesses. When the currency in which we sell equipment differs from the primary currency of one of our industrial businesses (known as its functional currency) and the exchange rate fluctuates, it will affect the revenue we earn on the sale. These sales and purchase transactions also create receivables and payables denominated in foreign currencies, which expose us to foreign currency gains and losses based on changes in exchange rates. Changes in the price of a raw material that we use in manufacturing can affect the cost of manufacturing. We use derivatives to mitigate or eliminate these exposures.

With respect to our ongoing financial services activities, our key exposures relate to interest rate and currency risk. To the extent feasible, we seek to ensure that the characteristics of the debt we have issued align with the assets being funded. The form (fixed rate or floating rate) and currency denomination of the debt we issue depends on a number of considerations, the most important of which are market factors (demand, pricing, etc.) that affect the economics of the issuance. If the form and currency denomination of the debt does not match the assets being funded, we typically execute derivatives to meet this objective within defined limits.

Forms of hedging

In this section we explain the hedging methods we use and their effects on our financial statements.

Cash flow hedges – We use cash flow hedging primarily to reduce or eliminate the effects of foreign exchange rate changes on purchase and sale contracts in our industrial businesses and to convert foreign currency debt that we have issued in our financial services business back to our functional currency. Accordingly, the vast majority of our derivative activity in this category consists of currency exchange contracts. As a result of acquisitions in our industrial businesses, we expect to significantly expand our foreign currency hedging activity related to long-term contracts. We also use commodity derivatives to reduce or eliminate price risk on raw materials purchased for use in manufacturing.

Under hedge accounting, the derivative carrying amount is measured at fair value each period and any resulting gain or loss is recorded in a separate component of shareowners’ equity. Differences between the derivative and the hedged item may cause changes in their fair values to not offset completely, which is referred to as ineffectiveness. When the hedged transaction occurs, these amounts are released from shareowners’ equity, in order that the transaction will be reflected in earnings at the rate locked in by the derivative. The effect of the hedge is reported in the same financial statement line item as the earnings effects of the hedged transaction. The table below summarizes how the derivative is reflected in the balance sheet and in earnings under hedge accounting. The effect of the hedged forecasted transaction is not presented in this table but offsets the earnings effect of the derivative.

As part of our ongoing effort to reduce borrowings, we may repurchase debt that was in a cash flow hedge accounting relationship. At the time of determining that the debt cash flows are probable of not occurring any related OCI will be released to earnings.

FINANCIAL STATEMENT EFFECTS - CASH FLOW HEDGES
	Three months ended June 30				Six months ended June 30
(In millions)	2016		2015		2016		2015
Balance sheet changes
Fair value of derivatives increase (decrease)	$	11	$	446	$	(45)	$	(637)
Shareowners' equity (increase) decrease		(12)		(446)		45		637
Earnings (loss) related to ineffectiveness		-		-		1		-
Earnings (loss) effect of derivatives(a)		14		415		(71)		(582)
(a) Offsets earnings effect of the hedged forecasted transaction

The following table explains the effect of changes in market rates on the fair value of derivatives we use most commonly in cash flow hedging arrangements.

Interest rate forwards/swaps	Interest rate increases	Interest rate decreases
Pay fixed rate/receive floating rate	Fair value increases	Fair value decreases
Currency forwards/swaps	U.S. dollar strengthens	U.S. dollar weakens
Pay U.S. dollars/receive foreign currency	Fair value decreases	Fair value increases
Commodity derivatives	Price increases	Price decreases
Receive commodity/ pay fixed price	Fair value increases	Fair value decreases

Fair value hedges– These derivatives are used to hedge the effects of interest rate and currency exchange rate changes on debt that we have issued. We have issued mostly fixed rate debt that is used to fund both fixed and floating rate assets. In instances where fixed rate debt is funding floating rate assets, we have an exposure to changes in interest rates. We enter into interest rate swaps that receive a fixed rate and pay a floating rate of interest to align with that portion of our debt which funds floating rate assets. These swaps typically match the maturity of the associated debt being hedged.

Under hedge accounting, the derivative is measured at fair value and the carrying amount of the hedged debt is adjusted for the change in value related to the exposure being hedged, with both adjustments offset to earnings as interest expense. For example, the earnings effect of an increase in the fair value of the derivative will be largely offset by the earnings effect of an increase in the carrying amount of the hedged debt. Differences between the terms of the derivative and the hedged debt may cause changes in their fair values to not offset completely, which is referred to as ineffectiveness. The table below summarizes how the derivative and the hedged debt are reflected in the balance sheet and in earnings under hedge accounting. The effect on interest expense of changing from the fixed rate on the debt to the floating rate on the swap is not shown in this table.

FINANCIAL STATEMENT EFFECTS - FAIR VALUE HEDGES
	Three months ended June 30				Six months ended June 30
(In millions)	2016		2015		2016		2015
Balance sheet changes
Fair value of derivative increase (decrease)	$	888	$	(1,924)	$	2,610	$	(873)
Adjustment to carrying amount of hedged debt (increase) decrease		(933)		1,872		(2,688)		789
Earnings (loss) related to hedge ineffectiveness		(46)		(52)		(77)		(84)

The effect of changes in market interest rates on the fair value of derivatives we use most commonly in fair value hedging arrangements is presented below.

Interest rate forwards/swaps	Interest rate increases	Interest rate decreases
Pay floating rate/receive fixed rate	Fair value decreases	Fair value increases

Net investment hedges – We invest in foreign operations that conduct their financial services activities in currencies other than the US dollar. We hedge the currency risk associated with those investments primarily using short-term currency exchange contracts under which we receive US dollars and pay foreign currency and non-derivatives instruments such as debt denominated in a foreign currency.

Under hedge accounting, the portion of the fair value change of the derivative or debt instrument that relates to changes in spot currency exchange rates is offset in a separate component of shareowners’ equity. For example, an increase in the fair value of the derivative related to changes in spot exchange rates will be offset by a corresponding increase in the currency translation component of shareowners’ equity. The portion of the fair value change of the derivative related to differences between spot and forward rates, which primarily relates to the interest component, is recorded in earnings each period as interest expense. As a result of this hedging strategy, the investments in foreign operations of our financial services business are largely unaffected by changes in currency exchange rates. The amounts recorded in shareowners’ equity only affect earnings if the hedged investment is sold, substantially liquidated, or control is lost.

FINANCIAL STATEMENT EFFECTS - NET INVESTMENT HEDGES
	Three months ended June 30				Six months ended June 30
(In millions)	2016		2015		2016		2015
Balance sheet changes
Fair value of derivatives increase (decrease)	$	(282)	$	(1,578)	$	47	$	3,367
Fair value of non-derivatives (increase) decrease		(318)		-		(120)		-
Shareowners' equity (increase) decrease		609		1,566		40		(3,423)
Earnings (loss) related to
spot-forward differences and ineffectiveness		8		(12)		(34)		(56)
Earnings (loss) related to
reclassification upon sale or liquidation(a)		(380)		(196)		(1,072)		589

(a) Included $(380) million and $(196) million recorded in discontinued operations in the three months endedJune 30, 2016 and 2015, and $(1,072) million and $592 million recorded in discontinued operations in the six months endedJune 30, 2016 and 2015, respectively.

The effect of changes in currency exchange rates on the fair value of derivatives we use in net investment hedging arrangements is presented below.

Currency forwards/swaps	U.S. dollar strengthens	U.S. dollar weakens
Receive U.S. dollars/pay foreign currency	Fair value increases	Fair value decreases

Economic Hedges - These derivatives are not designated as hedges from an accounting standpoint (and therefore we do not apply hedge accounting to the relationship) but otherwise serve the same economic purpose as other hedging arrangements. Economic hedges are used when changes in the carrying amount of the hedged item are already recorded in earnings in the same period as the derivative, making hedge accounting unnecessary. For example, in our industrial businesses we record the effects of spot exchange rate changes on our foreign currency payables and receivables in earnings each period along with the fair value changes on the foreign currency forward contracts used as economic hedges. In these cases, the earnings effects of the derivative and hedged item largely offset. We also use economic hedges when we have exposures to currency exchange risk for which we are unable to meet the requirements for hedge accounting. For example, we use currency forwards as an economic hedge of forecasted foreign currency cash flows under long-term contracts. In this case, the forecast period is so long that it is difficult to meet the hedge accounting requirement that the occurrence of the hedged transactions is probable. For these types of economic hedges, changes in the fair value of the derivative are recorded in earnings currently but changes in the value of the forecasted foreign currency cash flows are only recognized in earnings when they occur. As a result, even though the derivative is an effective economic hedge, there is a net effect on earnings in each period due to differences in the timing of earnings recognition between the derivative and the hedged item.

The table below provides information about the earnings effects of all derivatives that serve as economic hedges. These derivatives are marked to fair value through earnings each period. For our financial services business, these gains and losses are reported in “GE Capital revenues from services”. For our industrial businesses, the effects are reported in “Other income” or “Other costs and expenses”. The offsetting earnings effects associated with hedged assets and liabilities are also displayed in the table below. In general, the earnings effects of the hedged item are recorded in the same financial statement line as the derivative. The earnings effect of economic hedges, after considering offsets related to earnings effects of hedged assets and liabilities, is substantially offset by changes in the fair value of forecasted transactions that have not yet affected earnings.

FINANCIAL STATEMENT EFFECTS - ECONOMIC HEDGES
	Three months ended June 30				Six months ended June 30
(In millions)	2016		2015		2016		2015
Balance sheet changes
Change in fair value of economic hedge increase (decrease)	$	159	$	875	$	(143)	$	(2,243)
Change in carrying amount of item being hedged increase (decrease)		(288)		(981)		(177)		2,148
Earnings (loss) effect of economic hedges(a)		(130)		(106)		(321)		(95)

(a) Offset by the future earnings effects of economically hedged item.

The table below explains the effects of market rate changes on the fair value of derivatives we use most commonly as economic hedges.

Interest rate forwards/swaps interest rate	Interest rate increases	Interest rate decreases
Pay floating rate/receive fixed rate	Fair value decreases	Fair value increases
Currency forwards/swaps	U.S. dollar strengthens	U.S. dollar weakens
Pay U.S. dollars/receive foreign currency	Fair value decreases	Fair value increases
Receive U.S. dollars/pay foreign currency	Fair value increases	Fair value decreases
Commodity derivatives	Price increases	Price decreases
Receive commodity/ pay fixed price	Fair value increases	Fair value decreases

Notional amount of Derivatives

The notional amount of a derivative is the number of units of the underlying (for example, the notional principal amount of the debt in an interest rate swap). The notional amount is used to compute interest or other payment streams to be made under the contract and is a measure of our level of activity. We generally disclose derivative notional amounts on a gross basis. A substantial majority of the outstanding notional amount of $205 billion at June 30, 2016 is related to managing interest rate and currency risk between financial assets and liabilities in our financial services business. The remaining derivative notional primarily relates to hedges of anticipated sales and purchases in foreign currency, commodity purchases and contractual terms in contracts that are considered embedded derivatives.

The table below provides additional information about how derivatives are reflected in our financial statements. Derivative assets and liabilities are recorded at fair value exclusive of interest earned or owed on interest rate derivatives, which is presented separately on our balance sheet. Cash collateral and securities held as collateral represent assets that have been provided by our derivative counterparties as security for amounts they owe us (derivatives that are in an asset position).

CARRYING AMOUNTS RELATED TO DERIVATIVES
(In millions)	June 30, 2016		December 31, 2015
Derivative assets	$	7,709	$	7,391
Derivative liabilities		(4,477)		(5,681)
Accrued interest		728		1,014
Cash collateral & credit valuation adjustment		(2,991)		(1,141)
Net Derivatives		969		1,583
Securities held as collateral		(1,038)		(1,277)
Net amount	$	(69)	$	306

Effects of derivatives on Earnings

All derivatives are marked to fair value on our balance sheet, whether they are designated in a hedging relationship for accounting purposes or are used as economic hedges. As discussed in the previous sections, each type of hedge affects the financial statements differently.In fair value and economic hedges, both the hedged item and the hedging derivative largely offset in earnings each period. In cash flow and net investment hedges, the effective portion of the hedging derivative is offset in separate components of shareowners’ equity and ineffectiveness is recognized in earnings. The table below summarizes these offsets and the net effect on earnings.

		Three months ended June 30					Six months ended June 30
		Effect on		Effect on		Effect on		Effect on		Effect on		Effect on
(In millions)	hedging instrument			underlying	earnings		hedging instrument			underlying	earnings
2016
Cash flow hedges	$	11	$	(12)	$	-	$	(45)	$	45	$	1
Fair value hedges		888		(933)		(46)		2,610		(2,688)		(77)
Net investment hedges(a)		(600)		609		8		(73)		40		(34)
Economic hedges(b)		159		(288)		(130)		(143)		(177)		(321)
Total					$	(168)					$	(431)

2015
Cash flow hedges	$	446	$	(446)	$	-	$	(637)	$	637	$	-
Fair value hedges		(1,924)		1,872		(52)		(873)		789		(84)
Net investment hedges(a)		(1,578)		1,566		(12)		3,367		(3,423)		(56)
Economic hedges(b)		875		(981)		(106)		(2,243)		2,148		(95)
Total					$	(170)					$	(235)

The amounts in the table above generally do not include associated derivative accruals in income or expense.

(a) Both derivatives and non-derivatives hedging instruments are included.

(b) Net effect is substantially offset by the change in fair value of the hedged item that will affect earnings in future periods.

Note 12 provides additional information about changes in shareowners’ equity related to hedging and amounts released to earnings. Other supplemental information about derivatives and hedging can be found in Note 19.

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Variable Interest Entities

6 Months Ended

Jun. 30, 2016

Variable Interest Entities [Abstract]

Variable Interest Entities

NOTE 16. VARIABLE INTEREST ENTITIES

We use variable interest entities in the ordinary course of business to operate joint ventures to provide goods and services to our customers and to arrange asset backed financing, including securitizations. Investors in these entities only have recourse to the assets owned by the entity and not to our general credit. We do not have implicit support arrangements with any VIE. We did not provide non-contractual support for previously transferred financing receivables to any VIE in 2016 or 2015.

Consolidated Variable Interest Entities

Our most significant consolidated VIEs are the three joint ventures we formed with Alstom to facilitate the Alstom acquisition. These joint ventures include grid technology, renewable energy, and global nuclear and French steam power. The combined assets, liabilities and redeemable non-controlling interest in the joint ventures as of June 30, 2016 was $13,614 million, $10,295 million and $2,950 million, respectively. Further information about the formation of the Alstom joint ventures is provided in Note 7. These joint ventures are VIEs due to the nature of the exit mechanisms held by Alstom and are consolidated by GE because we control all significant activities of the joint ventures. As these joint ventures are businesses, would otherwise be consolidated under the voting model and their assets can be used for purposes other than settlement of the joint ventures’ obligations, there is no continuing VIE disclosure requirement for these consolidated joint ventures.

The Consolidated VIEs for which we have continuing disclosure requirements fall into two main groups. We consolidate VIEs because we have the power to direct the activities that significantly affect the VIE’s economic performance, typically because of our role as either servicer or manager for the VIE, which are further described below:

• GE Capital Consolidated Securitization Entities (CSEs) were created to facilitate securitization of financial assets and other forms of asset-backed financing that serve as an alternative funding source by providing access to variable funding notes and term markets. The securitization transactions executed with these entities are similar to those used by many financial institutions and all are non-recourse. We provide servicing for substantially all of the assets in these entities.

The financing receivables in these entities have similar risks and characteristics to our other financing receivables and were underwritten to the same standard. Accordingly, the performance of these assets has been similar to our other financing receivables; however, the blended performance of the pools of receivables in these entities reflects the eligibility criteria that we apply to determine which receivables are selected for transfer. Contractually the cash flows from these financing receivables must first be used to pay third-party debt holders as well as other expenses of the entity. Excess cash flows are available to GE and GE Capital. The creditors of these entities have no claim on other assets of GE or GE Capital.

• Other remaining assets and liabilities of consolidated VIEs within GE and GE Capital relate primarily to three categories of entities: (1) joint ventures that lease equipment with $746 million of assets and $743million of liabilities; (2) other entities that are involved in power generating and leasing activities with $385 million of assets and $177million of liabilities; and (3) insurance entities that, among other lines of business, provide property and casualty and workers’ compensation coverage for GE with $1,716 million of assets and $1,118million of liabilities.

ASSETS AND LIABILITIES OF CONSOLIDATED VIEs
				GE Capital
				Trade receivables			Other
(In millions)	GE			securitization(a)			securitization(a)		Other	Total
June 30, 2016
Assets
Financing receivables, net	$	-	$	-		$	926	$	745	$	1,671
Current receivables		152		2,683	(b)		-		1		2,836
Investment securities		-		-			-		1,516		1,516
Other assets		1,099		-			33		1,144		2,276
Total	$	1,251	$	2,683		$	959	$	3,406	$	8,299
Liabilities
Borrowings	$	41	$	-		$	827	$	867	$	1,735
Non-recourse borrowings		-		1,905			100		-		2,005
Other liabilities		1,161		31			30		1,343		2,565
Total	$	1,202	$	1,936		$	957	$	2,210	$	6,305
December 31, 2015
Assets
Financing receivables, net	$	-	$	-		$	-	$	882	$	882
Current receivables		385		3,506	(b)		-		-		3,891
Investment securities		-		-			-		1,404		1,404
Other assets		2,482		24			-		1,068		3,574
Total	$	2,867	$	3,530		$	-	$	3,354	$	9,751
Liabilities
Borrowings	$	221	$	-		$	-	$	960	$	1,181
Non-recourse borrowings		-		3,022			-		61		3,083
Other liabilities		2,289		34			-		1,234		3,557
Total	$	2,510	$	3,056		$	-	$	2,255	$	7,821

• We provide servicing to the CSEs and are contractually permitted to commingle cash collected from customers on financing receivables sold to CSE investors with our own cash prior to payment to a CSE, provided our short-term credit rating does not fall below A-1/P-1. These CSEs also owe us amounts for purchased financial assets and scheduled interest and principal payments. At June 30, 2016 and December 31, 2015, the amounts of commingled cash owed to the CSEs were $860 million and $1,093million, respectively, and the amounts owed to us by CSEs were $12 million and $7million, respectively.
• In June 2016, we completed the sale of our Appliances business to Haier and sold all of the Appliances receivables purchased by the securitization trust to Haier for $773 million. Further information about the sale is provided in Note 2. AtDecember 31, 2015, included $737 million of receivables purchased from Appliances.

Total revenues from our consolidated VIEs were $439 million and $212 million inthe three months endedJune 30, 2016 and 2015, respectively, and $794 million and $714 million inthe six months endedJune 30, 2016 and 2015, respectively. Related expenses consisted primarily of cost of goods and services of $257 million and $386 million inthe three months endedJune 30, 2016 and 2015, respectively, and $601 million and $723 million inthe six months endedJune 30, 2016 and 2015, respectively.

Investments in Unconsolidated Variable Interest Entities

Our involvement with unconsolidated VIEs primarily consists of assisting in the formation and financing of the entity. We are not required to consolidate these entities because the nature of our involvement with the activities of the VIEs does not give us power over decisions that significantly affect their economic performance.

Our largest exposure to unconsolidated VIEs consists of investments in long-lived, capital intensive energy projects and companies ($6,005 million). The classification of our variable interests in these entities in our financial statements is based on the nature of the entity and the characteristics of the investment we hold.

INVESTMENTS IN UNCONSOLIDATED VIEs
(In millions)	June 30, 2016		December 31, 2015
Other assets and investment securities	$	5,437	$	745
Financing receivables – net		13		13
Total investments		5,450		758
Contractual obligations to fund investments, guarantees or revolving lines of credit		866		29
Total exposure(a)	$	6,316	$	787

(a) The increase in the unconsolidated VIE disclosure above is a result of adoption of ASU 2015-02 on January 1, 2016.These investments, prior to the adoption of ASU 2015-02, were not considered VIEs. Further information is provided in Note 1.

In addition to the entities included in the table above, we also hold passive investments in investment securities issued by VIEs. Such investments were, by design, investment-grade at issuance and held by a diverse group of investors. Further information about such investments is provided in Note 3.

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Intercompany Transactions

6 Months Ended

Jun. 30, 2016

Intercompany Transactions [Abstract]

Intercompany Transactions

NOTE 17. INTERCOMPANY TRANSACTIONS

Transactions between related companies are made on an arms-length basis, are eliminated and consist primarily of GE Capital dividends to GE; GE customer receivables sold to GE Capital; GE Capital services for trade receivables management and material procurement; buildings and equipment leased between GE and GE Capital, including sales-leaseback activity; information technology (IT) and other services sold to GE Capital by GE; aircraft engines manufactured by GE that are installed on aircraft purchased by GE Capital from third-party producers for lease to others; expenses related to parent-subsidiary pension plans, and various investments, loans and allocations of GE corporate overhead costs.

These intercompany transactions are reported in the GE and GE Capital columns of our financial statements, but are eliminated in deriving our consolidated financial statements. Effects of these eliminations on our consolidated cash flows from operating, investing and financing activities are $(9,193) million, $2,918 million and $6,275 million inthe six months endedJune 30,2016, and $1,105 million, $(1,848) million and $743 million inthe six months endedJune 30,2015, respectively. Details of these eliminations are shown below.

	Six months ended June 30
(In millions)	2016		2015
Cash from (used for) operating activities-continuing operations
Combined	$	11,129	$	1,828
GE customer receivables sold to GE Capital		1,499		1,169
GE Capital dividends to GE		(11,000)		(450)
Other reclassifications and eliminations		308		385
	$	1,936	$	2,932
Cash from (used for) investing activities-continuing operations
Combined	$	39,496	$	26,605
GE customer receivables sold to GE Capital		(1,652)		(1,493)
Other reclassifications and eliminations		4,570		(356)
	$	42,414	$	24,756
Cash from (used for) financing activities-continuing operations
Combined	$	(68,960)	$	(17,214)
GE customer receivables sold to GE Capital		153		324
GE Capital dividends to GE		11,000		450
Other reclassifications and eliminations		(4,878)		(30)
	$	(62,685)	$	(16,470)

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Operating Segments

6 Months Ended

Jun. 30, 2016

Operating Segments Reconciliation [Abstract]

Summary of Operating Segments

SUMMARY OF OPERATING SEGMENTS
	Three months ended June 30					Six months ended June 30
(In millions)		2016		2015	V%		2016		2015	V%
Revenues
Power	$	6,639	$	5,055	31 %	$	11,843	$	9,667	23 %
Renewable Energy		2,094		1,641	28 %		3,763		2,669	41 %
Oil & Gas		3,219		4,118	(22)%		6,533		8,157	(20)%
Energy Connections		2,734		1,768	55 %		4,994		3,453	45 %
Aviation		6,511		6,251	4 %		12,774		11,926	7 %
Healthcare		4,525		4,337	4 %		8,708		8,412	4 %
Transportation		1,240		1,420	(13)%		2,222		2,728	(19)%
Appliances & Lighting		1,667		2,236	(25)%		3,663		4,177	(12)%
Total industrial segment revenues		28,630		26,826	7 %		54,499		51,188	6 %
Capital		2,771		2,690	3 %		5,656		5,556	2 %
Total segment revenues		31,401		29,516	6 %		60,155		56,744	6 %
Corporate items and eliminations		2,093		(290)			1,184		(1,278)
Consolidated revenues	$	33,494	$	29,226	15 %	$	61,339	$	55,466	11 %
Segment profit (loss)
Power	$	1,140	$	1,046	9 %	$	1,714	$	1,803	(5)%
Renewable Energy		128		144	(11)%		211		201	5 %
Oil & Gas		320		613	(48)%		628		1,102	(43)%
Energy Connections		35		82	(57)%		(49)		110	U
Aviation		1,348		1,269	6 %		2,872		2,583	11 %
Healthcare		782		704	11 %		1,413		1,292	9 %
Transportation		273		331	(18)%		437		556	(21)%
Appliances & Lighting		96		165	(42)%		211		268	(21)%
Total industrial segment profit		4,122		4,355	(5)%		7,437		7,915	(6)%
Capital		(600)		(493)	(22)%		(1,492)		(6,215)	76 %
Total segment profit (loss)		3,523		3,862	(9)%		5,944		1,700	F
Corporate items and eliminations		974		(1,185)			(597)		(2,876)
GE interest and other financial charges		(567)		(414)			(1,007)		(803)
GE provision for income taxes		(648)		(583)			(849)		(890)
Earnings (loss) from continuing operations
attributable to GE common shareowners		3,281		1,679	95 %		3,492		(2,869)	F
Earnings (loss) from discontinued operations, net of tax		(541)		(2,947)	82 %		(849)		(11,883)	93 %
Less net earnings attributable to noncontrolling
interests, discontinued operations		3		92	(97)%		3		181	(98)%
Earnings (loss) from discontinued operations,
net of tax and noncontrolling interest		(544)		(3,039)	82 %		(852)		(12,064)	93 %
Consolidated net earnings (loss)
attributable to the GE common shareowners	$	2,738	$	(1,360)	F	$	2,639	$	(14,933)	F
		\					\

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Guarantor Financials

6 Months Ended

Jun. 30, 2016

Guarantor [Abstract]

Guarantees [Text Block]

NOTE 18. GUARANTOR FINANCIAL INFORMATION

Guarantor and Non-Guarantor CONDENSED Consolidating Financial INFORMATION

On October 26, 2015, GE Capital International Funding Company Unlimited Company, formerly GE Capital International Funding Company (the Issuer), then a finance subsidiary of General Electric Capital Corporation, settled its previously announced private offers to exchange (the Exchange Offers) the Issuer’s new senior unsecured notes for certain outstanding debt securities of General Electric Capital Corporation.

The new notes that were issued were composed of $15.3 billion of 0.964% Six Month Notes due April 2016 (which have subsequently been repaid upon maturity), £0.8 billion of 1.363% Six Month Notes due April 2016 (which have subsequently been repaid upon maturity), $6.1 billion of 2.342% Notes due 2020, $2.0 billion of 3.373% Notes due 2025 and $11.5 billion of 4.418% Notes due 2035. These notes were fully and unconditionally, jointly and severally guaranteed by both the Company and GE Capital International Holdings Limited (GECIHL) (each a Guarantor, and together, the Guarantors).

Under the terms of a registration rights agreement entered into in connection with the Exchange Offers, the Issuer and the Company agreed to file a registration statement with the U.S. Securities and Exchange Commission (SEC) for an offer to exchange new senior notes of the Issuer registered with the SEC and guaranteed by the Guarantors for certain of the Issuer’s outstanding unregistered senior notes. This exchange was completed in July 2016.

Presentation

In connection with the registration of the senior notes, the Company is required to provide certain financial information regarding the Issuer and the Guarantors of the registered securities. Included are the Condensed Consolidating Statements of Earnings and Comprehensive Income for the three months ended June 30, 2016 and 2015 and six months ended June 30, 2016 and 2015, Condensed Consolidating Statements of Financial Position as of June 30, 2016 and December 31, 2015 and Condensed Consolidating Statements of Cash Flows for the six months ended June 30, 2016 and 2015 for:

• General Electric Company (the Parent Company Guarantor) - prepared with investments in subsidiaries accounted for under the equity method of accounting and excluding any inter-segment eliminations. The equity basis earnings (losses) of subsidiaries are reflected in the captions “Equity in earnings (losses) of affiliates” and “Earnings (loss) from discontinued operations, net of tax”;
• GE Capital International Funding Company Unlimited Company (the Subsidiary Issuer) – incorporated in May 2015 as a finance subsidiary for debt and reflects activity subsequent to the issuance of new notes on October 26, 2015;
• GE Capital International Holdings Limited (GECIHL)(the Subsidiary Guarantor) - prepared with investments in non-guarantor subsidiaries accounted for under the equity method of accounting and reflects activity subsequent to the GE Capital Reorganization on December 3, 2015. The equity basis earnings (losses) of subsidiaries are reflected in the captions “Equity in earnings (losses) of affiliates” and “Earnings (loss) from discontinued operations, net of tax”;
• Non-Guarantor Subsidiaries - prepared on an aggregated basis excluding any elimination or consolidation adjustments and includes predominantly all non-cash adjustments for cash flows;
• Consolidating Adjustments - adjusting entries necessary to consolidate the Parent Company Guarantor with the Subsidiary Issuer, the Subsidiary Guarantor and Non-Guarantor Subsidiaries; and
• Consolidated - prepared on a consolidated basis.

CONDENSED CONSOLIDATING STATEMENT OF EARNINGS (LOSS) AND COMPREHENSIVE INCOME (LOSS)
FOR THE THREE MONTHS ENDED JUNE 30, 2016 (UNAUDITED)
		Parent						Non-
		Company		Subsidiary		Subsidiary		Guarantor		Consolidating
(in millions)		Guarantor		Issuer		Guarantor		Subsidiaries		Adjustments		Consolidated
Revenues and other income
Sales of goods and services	$	10,664	$	-	$	-	$	38,202	$	(20,838)	$	28,028
Other income		(264)		-		-		16,043		(12,629)		3,150
Equity in earnings (loss) of affiliates		5,228		-		(5)		15,305		(20,528)		-
GE Capital revenues from services		-		200		722		1,760		(365)		2,316
Total revenues and other income		15,628		200		717		71,310		(54,359)		33,494
Costs and expenses
Interest and other financial charges		851		175		677		1,412		(1,790)		1,326
Investment contracts, insurance losses and
insurance annuity benefits		-		-		-		815		(40)		776
Other costs and expenses		11,601		-		19		37,971		(22,022)		27,569
Total costs and expenses		12,453		175		695		40,198		(23,852)		29,670
Earnings (loss) from continuing
operations before income taxes		3,175		25		21		31,111		(30,508)		3,824
Benefit (provision) for income taxes		256		(3)		(43)		(435)		(254)		(479)
Earnings (loss) from continuing operations		3,430		22		(22)		30,676		(30,762)		3,345
Earnings (loss) from discontinued
operations, net of taxes		(541)		-		(521)		600		(80)		(541)
Net earnings (loss)		2,890		22		(542)		31,277		(30,841)		2,804
Less net earnings (loss) attributable to
noncontrolling interests		-		-		-		(66)		(20)		(86)
Net earnings (loss) attributable to
the Company		2,890		22		(542)		31,342		(30,822)		2,890
Other comprehensive income (loss)		807		-		246		579		(825)		807
Comprehensive income (loss) attributable
to the Company	$	3,696	$	22	$	(297)	$	31,922	$	(31,646)	$	3,696

CONDENSED CONSOLIDATING STATEMENT OF EARNINGS (LOSS) AND COMPREHENSIVE INCOME (LOSS)
FOR THE THREE MONTHS ENDED JUNE 30, 2015 (UNAUDITED)
		Parent						Non-
		Company		Subsidiary		Subsidiary		Guarantor		Consolidating
(in millions)		Guarantor		Issuer		Guarantor		Subsidiaries		Adjustments		Consolidated
Revenues and other income
Sales of goods and services	$	11,463	$	-	$	-	$	33,442	$	(18,849)	$	26,056
Other income		610		-		-		3,352		(3,183)		780
Equity in earnings (loss) of affiliates		2,336		-		-		3,338		(5,673)		-
GE Capital revenues from services		-		-		-		9,068		(6,678)		2,390
Total revenues and other income		14,409		-		-		49,200		(34,383)		29,226
Costs and expenses
Interest and other financial charges		817		-		-		2,277		(2,382)		713
Investment contracts, insurance losses and
insurance annuity benefits		-		-		-		709		(52)		657
Other costs and expenses		12,505		-		-		37,984		(25,244)		25,245
Total costs and expenses		13,322		-		-		40,971		(27,679)		26,614
Earnings (loss) from continuing
operations before income taxes		1,086		-		-		8,229		(6,704)		2,612
Benefit (provision) for income taxes		497		-		-		(2,854)		1,558		(799)
Earnings (loss) from continuing operations		1,584		-		-		5,375		(5,146)		1,813
Earnings (loss) from discontinued
operations, net of taxes		(2,943)		-		-		(367)		363		(2,947)
Net earnings (loss)		(1,360)		-		-		5,008		(4,783)		(1,134)
Less net earnings (loss) attributable to
noncontrolling interests		-		-		-		97		128		225
Net earnings (loss) attributable to
the Company		(1,360)		-		-		4,911		(4,911)		(1,360)
Other comprehensive income (loss)		4,158		-		-		1,206		(1,206)		4,158
Comprehensive income (loss) attributable
to the Company	$	2,798	$	-	$	-	$	6,116	$	(6,116)	$	2,798

CONDENSED CONSOLIDATING STATEMENT OF EARNINGS (LOSS) AND COMPREHENSIVE INCOME (LOSS)
FOR THE SIX MONTHS ENDED JUNE 30, 2016 (UNAUDITED)
		Parent						Non-
		Company		Subsidiary		Subsidiary		Guarantor		Consolidating
(in millions)		Guarantor		Issuer		Guarantor		Subsidiaries		Adjustments		Consolidated
Revenues and other income
Sales of goods and services	$	20,676	$	-	$	-	$	71,961	$	(39,295)	$	53,342
Other income		(38)		-		-		19,484		(16,288)		3,158
Equity in earnings (loss) of affiliates		6,135		-		665		28,928		(35,728)		-
GE Capital revenues from services		-		596		1,019		6,344		(3,121)		4,838
Total revenues and other income		26,774		596		1,683		126,717		(94,431)		61,339
Costs and expenses
Interest and other financial charges		1,662		547		1,608		3,171		(3,927)		3,062
Investment contracts, insurance losses and
insurance annuity benefits		-		-		-		1,487		(70)		1,417
Other costs and expenses		22,057		-		55		73,137		(42,452)		52,797
Total costs and expenses		23,719		548		1,663		77,795		(46,449)		57,276
Earnings (loss) from continuing
operations before income taxes		3,055		48		20		48,922		(47,983)		4,063
Benefit (provision) for income taxes		875		(6)		(46)		(958)		(205)		(340)
Earnings (loss) from continuing operations		3,929		42		(26)		47,964		(48,187)		3,723
Earnings (loss) from discontinued
operations, net of taxes		(849)		-		(996)		174		821		(849)
Net earnings (loss)		3,081		42		(1,022)		48,138		(47,366)		2,874
Less net earnings (loss) attributable to
noncontrolling interests		-		-		-		(91)		(116)		(207)
Net earnings (loss) attributable to
the Company		3,081		42		(1,022)		48,230		(47,250)		3,081
Other comprehensive income (loss)		1,631		(12)		63		847		(898)		1,631
Comprehensive income (loss) attributable
to the Company	$	4,711	$	30	$	(958)	$	49,076	$	(48,148)	$	4,711

CONDENSED CONSOLIDATING STATEMENT OF EARNINGS (LOSS) AND COMPREHENSIVE INCOME (LOSS)
FOR THE SIX MONTHS ENDED JUNE 30, 2015 (UNAUDITED)
		Parent						Non-
		Company		Subsidiary		Subsidiary		Guarantor		Consolidating
(in millions)		Guarantor		Issuer		Guarantor		Subsidiaries		Adjustments		Consolidated
Revenues and other income
Sales of goods and services	$	21,135	$	-	$	-	$	64,776	$	(36,172)	$	49,739
Other income		413		-		-		4,399		(3,889)		922
Equity in earnings (loss) of affiliates		(1,084)		-		-		14,976		(13,892)		-
GE Capital revenues from services		-		-		-		17,623		(12,819)		4,804
Total revenues and other income		20,464		-		-		101,775		(66,773)		55,466
Costs and expenses
Interest and other financial charges		1,570		-		-		4,646		(4,886)		1,331
Investment contracts, insurance losses and
insurance annuity benefits		-		-		-		1,354		(84)		1,270
Other costs and expenses		23,020		-		-		78,800		(53,187)		48,633
Total costs and expenses		24,589		-		-		84,800		(58,156)		51,233
Earnings (loss) from continuing
operations before income taxes		(4,125)		-		-		16,975		(8,617)		4,233
Benefit (provision) for income taxes		1,071		-		-		(9,927)		1,763		(7,093)
Earnings (loss) from continuing operations		(3,054)		-		-		7,047		(6,853)		(2,860)
Earnings (loss) from discontinued
operations, net of taxes		(11,879)		-		-		(2,693)		2,689		(11,883)
Net earnings (loss)		(14,933)		-		-		4,355		(4,165)		(14,743)
Less net earnings (loss) attributable to
noncontrolling interests		-		-		-		197		(7)		190
Net earnings (loss) attributable to
the Company		(14,933)		-		-		4,158		(4,158)		(14,933)
Other comprehensive income (loss)		(34)		-		-		(3,785)		3,785		(34)
Comprehensive income (loss) attributable
to the Company	$	(14,967)	$	-	$	-	$	373	$	(373)	$	(14,967)

CONDENSED CONSOLIDATING STATEMENT OF FINANCIAL POSITION
JUNE 30, 2016 (UNAUDITED)
		Parent						Non-
		Company		Subsidiary		Subsidiary		Guarantor		Consolidating
(In millions)		Guarantor		Issuer		Guarantor		Subsidiaries		Adjustments	Consolidated
Assets
Cash and equivalents	$	2,863	$	-	$	37	$	53,408	$	(4,185)	$	52,123
Investment securities		7		-		-		46,336		(6,623)		39,720
Receivables - net		67,759		17,077		61,339		73,581		(175,943)		43,813
Inventories		5,295		-		-		21,957		(2,528)		24,723
Property, plant and equipment - net		5,494		-		-		46,395		(1,453)		50,436
Investment in subsidiaries(a)		284,657		-		77,908		420,869		(783,434)		-
Goodwill and intangible assets		7,709		-		-		54,590		21,448		83,747
All other assets		15,293		1,558		1,019		227,904		(188,741)		57,033
Assets of discontinued operations		-		-		-		-		49,865		49,865
Total assets	$	389,078	$	18,635	$	140,303	$	945,039	$	(1,091,594)	$	401,461
Liabilities and equity
Short-term borrowings	$	166,625	$	-	$	47,814	$	31,729	$	(214,242)	$	31,927
Accounts payable		3,555		-		-		38,275		(28,715)		13,115
Other current liabilities		12,148		27		58		27,183		(674)		38,742
Long-term and non-recourse borrowings		78,035		18,361		62,445		84,118		(118,449)		124,509
All other liabilities		42,031		90		714		59,862		(13,665)		89,031
Liabilities of discontinued operations		-		-		-		-		14,384		14,384
Total Liabilities		302,394		18,478		111,031		241,166		(361,361)		311,708
Redeemable noncontrolling interests		-		-		-		2,266		803		3,070
GE shareowners' equity		84,991		158		29,271		699,629		(729,058)		84,991
Noncontrolling interests		1,693		-		-		1,977		(1,977)		1,693
Total equity		86,684		158		29,271		701,607		(731,036)		86,684
Total liabilities, redeemable
noncontrolling interests and equity	$	389,078	$	18,635	$	140,303	$	945,039	$	(1,091,594)	$	401,461

(a) Included within the subsidiaries of the Subsidiary Guarantor are cash and cash equivalent balances of $26.0 billion and net assets of discontinued operations of $24.9 billion.

CONDENSED CONSOLIDATING STATEMENT OF FINANCIAL POSITION
DECEMBER 31, 2015
		Parent						Non-
		Company		Subsidiary		Subsidiary		Guarantor		Consolidating
(In millions)		Guarantor		Issuer		Guarantor		Subsidiaries		Adjustments	Consolidated
Assets
Cash and equivalents	$	4,137	$	-	$	-	$	86,955	$	(20,609)	$	70,483
Investment securities		14		-		-		40,886		(8,927)		31,973
Receivables - net		88,696		33,232		69,306		75,909		(221,286)		45,856
Inventories		5,447		-		-		19,762		(2,694)		22,515
Property, plant and equipment - net		6,540		-		-		56,808		(9,253)		54,095
Investment in subsidiaries(a)		274,471		-		78,505		405,686		(758,662)		-
Goodwill and intangible assets		7,793		-		-		61,412		14,118		83,323
All other assets		15,732		11		915		247,611		(200,392)		63,876
Assets of discontinued operations		-		-		-		-		120,951		120,951
Total assets	$	402,828	$	33,242	$	148,725	$	995,029	$	(1,086,754)	$	493,071
Liabilities and equity
Short-term borrowings	$	145,051	$	16,204	$	71,862	$	60,601	$	(243,858)	$	49,860
Accounts payable		6,096		-		-		37,636		(30,052)		13,680
Other current liabilities		14,482		(1)		17		34,903		(7,860)		41,540
Long-term and non-recourse borrowings		97,471		16,423		46,392		105,801		(118,345)		147,742
All other liabilities		41,455		489		224		57,996		(9,514)		90,651
Liabilities of discontinued operations		-		-		-		-		46,487		46,487
Total Liabilities		304,555		33,115		118,495		296,937		(363,141)		389,961
Redeemable noncontrolling interests		-		-		-		2,888		84		2,972
GE shareowners' equity		98,274		127		30,230		693,589		(723,946)		98,274
Noncontrolling interests		-		-		-		1,616		248		1,864
Total equity		98,274		127		30,230		695,204		(723,697)		100,138
Total liabilities, redeemable
noncontrolling interests and equity	$	402,828	$	33,242	$	148,725	$	995,029	$	(1,086,754)	$	493,071

(a) Included within the subsidiaries of the Subsidiary Guarantor are cash and cash equivalent balances of $40.1 billion and net assets of discontinued operations of $40.0 billion.

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
SIX MONTHS ENDED JUNE 30, 2016 (UNAUDITED)
		Parent						Non-
		Company		Subsidiary		Subsidiary		Guarantor		Consolidating
(In millions)		Guarantor		Issuer		Guarantor		Subsidiaries		adjustments		Consolidated
Cash flows – operating activities
Cash from (used for) operating activities -
continuing operations	$	(21,092)	$	182	$	1,032	$	10,275	$	11,539	$	1,936
Cash from (used for) operating activities -
discontinued operations		(849)		-		(996)		(3,826)		821		(4,849)
Cash from (used for) operating activities		(21,941)		182		37		6,449		12,361		(2,913)
Cash flows – investing activities
Cash from (used for) investing activities –
continuing operations		17,416		16,084		7,995		97,631		(96,712)		42,414
Cash from (used for) investing activities –
discontinued operations		-		-		-		(10,646)		-		(10,646)
Cash from (used for) investing activities		17,416		16,084		7,995		86,985		(96,712)		31,768
Cash flows – financing activities
Cash from (used for) financing activities –
continuing operations		3,252		(16,265)		(7,995)		(142,451)		100,775		(62,685)
Cash from (used for) financing activities –
discontinued operations		-		-		-		(711)		-		(711)
Cash from (used for) financing activities		3,252		(16,265)		(7,995)		(143,162)		100,775		(63,396)
Effect of currency exchange rate changes
on cash and equivalents		-		-		-		(24)		-		(24)
Increase (decrease) in cash and equivalents		(1,274)		-		37		(49,752)		16,424		(34,565)
Cash and equivalents at beginning of year		4,137		-		-		107,350		(20,609)		90,878
Cash and equivalents at June 30		2,863		-		37		57,598		(4,185)		56,313
Less cash and equivalents of discontinued
operations at June 30		-		-		-		4,190		-		4,190
Cash and equivalents of continuing operations
at June 30	$	2,863	$	-	$	37	$	53,408	$	(4,185)	$	52,123

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
SIX MONTHS ENDED JUNE 30, 2015 (UNAUDITED)
		Parent						Non-
		Company		Subsidiary		Subsidiary		Guarantor		Consolidating
(In millions)		Guarantor		Issuer		Guarantor		Subsidiaries		adjustments		Consolidated
Cash flows – operating activities
Cash from (used for) operating activities -
continuing operations	$	(13,885)	$	-	$	-	$	66,152	$	(49,336)	$	2,932
Cash from (used for) operating activities -
discontinued operations		(11,879)		-		-		18,644		2,689		9,454
Cash from (used for) operating activities		(25,763)		-		-		84,795		(46,647)		12,385
Cash flows – investing activities
Cash from (used for) investing activities –
continuing operations		26,326		-		-		(120,772)		119,202		24,756
Cash from (used for) investing activities –
discontinued operations		-		-		-		(8,209)		-		(8,209)
Cash from (used for) investing activities		26,326		-		-		(128,981)		119,202		16,547
Cash flows – financing activities
Cash from (used for) financing activities –
continuing operations		(2,388)		-		-		58,236		(72,317)		(16,470)
Cash from (used for) financing activities –
discontinued operations		-		-		-		(2,240)		-		(2,240)
Cash from (used for) financing activities		(2,388)		-		-		55,996		(72,317)		(18,710)
Effect of currency exchange rate changes
on cash and equivalents		-		-		-		(2,887)		-		(2,887)
Increase (decrease) in cash and equivalents		(1,826)		-		-		8,923		238		7,336
Cash and equivalents at beginning of year		4,820		-		-		108,400		(22,203)		91,017
Cash and equivalents at June 30		2,994		-		-		117,324		(21,965)		98,353
Less cash and equivalents of discontinued
operations at June 30		-		-		-		19,992		-		19,992
Cash and equivalents of continuing operations
at June 30	$	2,994	$	-	$	-	$	97,331	$	(21,965)	$	78,360

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Supplemental Information

6 Months Ended

Jun. 30, 2016

Summary Of Derivative Instruments [Abstract]

Derivatives And Fair Value [Text Block]

NOTE 19. SUPPLEMENTAL INFORMATION

DERIVATIVES AND HEDGING

Note 15 provides the primary information related to our derivatives and hedging activity. This section provides certain supplemental information about this topic.

Changes in the fair value of derivatives are recorded in a separate component of equity (referred to below as Accumulated Other Comprehensive Income, or AOCI) and are recorded in earnings in the period in which the hedged transaction occurs. The table below summarizes this activity by hedging instrument.

FAIR VALUE OF DERIVATIVES
	June 30, 2016				December 31, 2015
(In millions)		Assets		Liabilities		Assets		Liabilities
Derivatives accounted for as hedges
Interest rate contracts	$	5,773	$	24	$	4,132	$	158
Currency exchange contracts		335		630		1,109		1,383
Other contracts		-		-		-		-
		6,108		653		5,241		1,541
Derivatives not accounted for as hedges
Interest rate contracts		119		101		119		44
Currency exchange contracts		1,196		3,700		1,715		4,048
Other contracts		286		23		315		49
		1,601		3,823		2,149		4,141
Gross derivatives recognized in statement of
financial position
Gross derivatives		7,709		4,477		7,391		5,681
Gross accrued interest		760		32		1,001		(13)
		8,469		4,509		8,392		5,668
Amounts offset in statement of financial position
Netting adjustments(a)		(2,978)		(2,969)		(4,326)		(4,326)
Cash collateral(b)		(3,843)		(861)		(1,784)		(642)
		(6,821)		(3,830)		(6,110)		(4,968)
Net derivatives recognized in statement of
financial position
Net derivatives		1,648		678		2,282		700
Amounts not offset in statement of
financial position
Securities held as collateral(c)		(1,038)		-		(1,277)		-
Net amount	$	610	$	678	$	1,005	$	700

Derivatives are classified in the captions “All other assets” and “All other liabilities” and the related accrued interest is classified in “Other GE Capital receivables” and “All other liabilities” in our financial statements.

(a) The netting of derivative receivables and payables is permitted when a legally enforceable master netting agreement exists. Amounts include fair value adjustments related to our own and counterparty non-performance risk. At June 30, 2016 and December 31, 2015, the cumulative adjustment for non-performance risk was $(9) million and insignificant, respectively.

(b) Excluded excess cash collateral received and posted of $61 million and $79 million at June 30, 2016, respectively, and $48 million and $379 million at December 31, 2015, respectively.

(c) Excluded excess securities collateral received of $54 million and $107 million at June 30, 2016 and December 31, 2015, respectively.

CASH FLOW HEDGE ACTIVITY
					Gain (loss) reclassified
	Gain (loss) recognized in AOCI				from AOCI into earnings
	for the three months ended June 30				for the three months ended June 30
(In millions)	2016		2015		2016		2015
Interest rate contracts	$	12	$	(7)	$	(26)	$	(22)
Currency exchange contracts		1		452		40		437
Commodity contracts		(1)		1		(1)		-
Total(a)	$	12	$	446	$	14	$	415

CASH FLOW HEDGE ACTIVITY
					Gain (loss) reclassified
	Gain (loss) recognized in AOCI				from AOCI into earnings
	for the six months ended June 30				for the six months ended June 30
(In millions)	2016		2015		2016		2015
Interest rate contracts	$	31	$	(10)	$	(55)	$	(61)
Currency exchange contracts		(77)		(625)		(13)		(520)
Commodity contracts		-		(2)		(3)		(1)
Total(a)	$	(45)	$	(637)	$	(71)	$	(582)

(a) Gain (loss) is recorded in GE Capital revenues from services, interest and other financial charges, and other costs and expenses when reclassified to earnings.

The total pre-tax amount in AOCI related to cash flow hedges of forecasted transactions was a $23 million loss at June 30, 2016. We expect to transfer $93 million loss to earnings as an expense in the next 12 months contemporaneously with the earnings effects of the related forecasted transactions. In both the six months ended2016 and 2015, we recognized insignificant gains and losses related to hedged forecasted transactions and firm commitments that did not occur by the end of the originally specified period. At June 30, 2016 and 2015, the maximum term of derivative instruments that hedge forecasted transactions was 16 years and 17 years, respectively. See Note12 for additional information about reclassifications out of AOCI.

For cash flow hedges, the amount of ineffectiveness in the hedging relationship and amount of the changes in fair value of the derivatives that are not included in the measurement of ineffectiveness were insignificant for each reporting period.

Counterparty credit risk

Fair values of our derivatives can change significantly from period to period based on, among other factors, market movements and changes in our positions. We manage counterparty credit risk (the risk that counterparties will default and not make payments to us according to the terms of our agreements) on an individual counterparty basis. Where we have agreed to netting of derivative exposures with a counterparty, we net our exposures with that counterparty and apply the value of collateral posted to us to determine the exposure. We actively monitor these net exposures against defined limits and take appropriate actions in response, including requiring additional collateral.

As discussed above, we have provisions in certain of our master agreements that require counterparties to post collateral (typically, cash or U.S. Treasury securities) when our receivable due from the counterparty, measured at current market value, exceeds a specified limit. The fair value of such collateral was $4,882 million at June 30, 2016, of which $3,843 million was cash and $1,038 million was in the form of securities held by a custodian for our benefit. Under certain of these same agreements, we post collateral to our counterparties for our derivative obligations, the fair value of which was $861 million at June 30, 2016. At June 30, 2016, our exposure to counterparties (including accrued interest), net of collateral we hold, was $511 million. This excludes exposure related to embedded derivatives.

Additionally, our master agreements typically contain mutual downgrade provisions that provide the ability of each party to require termination if the long-term credit rating of the counterparty were to fall below A-/A3 or other ratings levels agreed upon with the counterparty. In certain of these master agreements, each party also has the ability to require termination if the short-term rating of the counterparty were to fall below A-1/P-1. Our master agreements also typically contain provisions that provide termination rights upon the occurrence of certain other events, such as a bankruptcy or events of default by one of the parties. If an agreement was terminated under any of these circumstances, the termination amount payable would be determined on a net basis and could also take into account any collateral posted. The net amount of our derivative liability, after consideration of collateral posted by us and outstanding interest payments was $721 million at June 30, 2016. This excludes exposure related to embedded derivatives.

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Businesses Held For Sale and Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2016

Financial Information For Businesses Held For Sale [Line Items]

Businesses held for sale

FINANCIAL INFORMATION FOR ASSETS AND LIABILITIES OF BUSINESSES HELD FOR SALE
(In millions)	June 30, 2016		December 31, 2015
Assets
Current receivables	$	35	$	79	(a)
Inventories		-		583
Property, plant, and equipment – net		12		1,208
Goodwill		-		370
Other intangible assets – net		6		162
Other		6		416
Assets of businesses held for sale	$	59	$	2,818
Liabilities
Accounts payable	$	6	$	503	(a)
Other current liabilities		32		325
Other		17		33
Liabilities of businesses held for sale	$	56	$	861

(a) Certain transactions at our Appliances business were made on an arms-length basis with GE Capital, consisting primarily of GE customer receivables sold to GE Capital and GE Capital services for material procurement. These intercompany balances included within our held for sale businesses are reported in the GE and GE Capital columns of our financial statements, but are eliminated in deriving our consolidated financial statements.

Financial Information for Discontinued Operations

FINANCIAL INFORMATION FOR DISCONTINUED OPERATIONS
	Three months ended June 30				Six months ended June 30
(In millions)		2016		2015		2016		2015
Operations
Total revenues and other income (loss)	$	568	$	6,829	$	1,861	$	12,289
Earnings (loss) from discontinued operations before income taxes	$	(240)	$	1,950	$	(160)	$	(2,743)
Benefit (provision) for income taxes		170		(493)		182		442
Earnings (loss) from discontinued operations, net of taxes	$	(70)	$	1,457	$	22	$	(2,301)
Disposal
Gain (loss) on disposal before income taxes	$	(295)	$	(3,384)	$	(540)	$	(7,036)
Benefit (provision) for income taxes		(177)		(1,021)		(331)		(2,546)
Gain (loss) on disposal, net of taxes	$	(472)	$	(4,405)	$	(871)	$	(9,582)
Earnings (loss) from discontinued operations, net of taxes(a)(b)	$	(541)	$	(2,947)	$	(849)	$	(11,883)

(a) The sum of GE industrial earnings (loss) from discontinued operations, net of taxes, and GE Capital earnings (loss) from discontinued operations, net of taxes, after adjusting for earnings (loss) attributable to noncontrolling interests related to discontinued operations, is reported within GE industrial earnings (loss) from discontinued operations, net of taxes, on the Consolidated Statement of Earnings (Loss).

(b) Earnings (loss) from discontinued operations attributable to the Company, before income taxes, was $(537) million and $(1,525) million for the three months ended June 30, 2016 and 2015, respectively, and $(703)million and $(9,960)million for the six months ended June 30, 2016 and 2015, respectively.

(In millions)	June 30, 2016		December 31, 2015
Assets
Cash and equivalents	$	4,190	$	20,395
Investment securities		6,141		8,478
Financing receivables – net		1,994		3,205
Other receivables		881		1,221
Property, plant and equipment – net		845		7,537
Goodwill		1,591		7,764
Other intangible assets - net		34		80
Deferred income taxes		2,101		2,447
Financing receivables held for sale		31,106		69,847
Valuation allowance on disposal group classified as discontinued operations		(3,062)		(6,374)
Other		4,044		6,350
Assets of discontinued operations	$	49,865	$	120,951
Liabilities
Short-term borrowings	$	609	$	739
Accounts payable		1,352		2,870
Non-recourse borrowings		40		3,994
Bank deposits		4,545		25,613
Long-term borrowings		558		730
All other liabilities		6,983		11,053
Deferred income taxes		248		1,437
Other		49		52
Liabilities of discontinued operations	$	14,384	$	46,487

CLL

Financial Information For Businesses Held For Sale [Line Items]

Financial Information for Discontinued Operations

FINANCIAL INFORMATION FOR COMMERCIAL LENDING AND LEASING
	Three months ended June 30				Six months ended June 30
(In millions)		2016		2015		2016		2015
Operations
Total revenues and other income (loss)	$	314	$	3,070	$	1,201	$	5,973
Interest	$	(126)	$	(641)	$	(403)	$	(1,343)
Selling, general and administrative expenses		(421)		(1,046)		(1,046)		(1,942)
Cost of services sold		-		(403)		-		(1,735)
Provision for losses on financing receivables		-		(13)		(3)		(1,757)
Other costs and expenses		(23)		1		(15)		(96)
Earnings (loss) from discontinued operations, before income taxes		(256)		967		(265)		(900)
Benefit (provision) for income taxes		140		(309)		214		315
Earnings (loss) from discontinued operations, net of taxes	$	(116)	$	658	$	(51)	$	(585)
Disposal
Gain (loss) on disposal before income taxes	$	(465)	$	(3,380)	$	(630)	$	(5,225)
Benefit (provision) for income taxes		(10)		(949)		(154)		(1,927)
Gain (loss) on disposal, net of taxes	$	(475)	$	(4,329)	$	(784)	$	(7,152)
Earnings (loss) from discontinued operations, net of taxes(a)	$	(591)	$	(3,671)	$	(835)	$	(7,737)

(a)Earnings (loss) from discontinued operations attributable to the Company, before income taxes, was $(722)million and $(2,415)million for the three months endedJune 30, 2016 and 2015, respectively, and $(897)million and $(6,128)million for the six months endedJune 30, 2016 and 2015, respectively.

Real Estate

Financial Information For Businesses Held For Sale [Line Items]

Financial Information for Discontinued Operations

FINANCIAL INFORMATION FOR REAL ESTATE
	Three months ended June 30				Six months ended June 30
(In millions)		2016		2015		2016		2015
Operations
Total revenues and other income (loss)	$	15	$	313	$	25	$	812
Interest	$	(13)	$	(137)	$	(35)	$	(373)
Selling, general and administrative		(24)		(130)		(77)		(224)
Cost of services sold		-		-		-		(5)
Provision for losses on financing receivables		-		-		-		4
Other costs and expenses		(7)		(14)		(6)		(141)
Earnings (loss) from discontinued operations, before income taxes		(29)		32		(94)		74
Benefit (provision) for income taxes		38		13		57		43
Earnings (loss) from discontinued operations, net of taxes	$	9	$	45	$	(37)	$	117
Disposal
Gain (loss) on disposal before income taxes	$	6	$	(3)	$	(63)	$	(1,811)
Benefit (provision) for income taxes		(3)		(72)		62		(619)
Gain (loss) on disposal, net of taxes	$	3	$	(75)	$	(1)	$	(2,430)
Earnings (loss) from discontinued operations, net of taxes(a)	$	12	$	(30)	$	(38)	$	(2,313)

(a) Earnings (loss) from discontinued operations attributable to the Company, before income taxes, was $(23)million and $29million for the three months endedJune 30, 2016 and 2015, respectively, and $(156)million and $(1,738)million for the six months endedJune 30, 2016 and 2015, respectively.

WMC

Financial Information For Businesses Held For Sale [Line Items]

Rollfoward of WMC's reserve and pending claims for WMC representation and warranty obligations

ROLLFORWARD OF THE RESERVE
	Three months ended June 30				Six months ended June 30
(In millions)		2016		2015		2016		2015
Balance, beginning of period	$	833	$	814	$	875	$	809
Provision		27		11		84		18
Claim resolutions / rescissions		-		-		(99)		(2)
Balance, end of period	$	860	$	825	$	860	$	825

Financial Information for Discontinued Operations

FINANCIAL INFORMATION FOR WMC
		Three months ended June 30				Six months ended June 30
(In millions)		2016		2015		2016		2015
Total revenues and other income (loss)	$	(18)	$	(5)	$	(58)	$	(5)
Earnings (loss) from discontinued operations, net of taxes	$	(20)	$	(10)	$	(52)	$	(16)

Consumer

Financial Information For Businesses Held For Sale [Line Items]

Financial Information for Discontinued Operations

FINANCIAL INFORMATION FOR CONSUMER
	Three months ended June 30				Six months ended June 30
(In millions)		2016		2015		2016		2015
Operations
Total revenues and other income (loss)	$	258	$	3,527	$	685	$	5,585
Interest	$	(46)	$	(573)	$	(97)	$	(1,184)
Selling, general, and administrative expenses		(158)		(1,104)		(335)		(2,172)
Cost of services sold		-		-		-		-
Provision for losses on financing receivables		-		(761)		-		(3,869)
Investment contracts, insurance losses and insurance annuity benefits		(1)		(4)		(1)		(6)
Other costs and expenses		(62)		(114)		(64)		(240)
Earnings (loss) from discontinued operations, before income taxes		(9)		971		188		(1,886)
Benefit (provision) for income taxes		-		(168)		(101)		(8)
Earnings (loss) from discontinued operations, net of taxes	$	(9)	$	803	$	87	$	(1,894)
Disposal
Gain (loss) on disposal before income taxes	$	164	$	-	$	153	$	-
Benefit (provision) for income taxes		(164)		-		(240)		-
Gain (loss) on disposal, net of taxes	$	-	$	-	$	(87)	$	-
Earnings (loss) from discontinued operations, net of taxes(a)	$	(9)	$	803	$	-	$	(1,894)

(a)Earnings (loss) from discontinued operations attributable to the Company, before income taxes, was $153million and $882million for the three months endedJune 30, 2016 and 2015, respectively, and $339million and $(2,062)million for the six months endedJune 30, 2016 and 2015, respectively.

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Investment Securities (Tables)

6 Months Ended

Jun. 30, 2016

Investments, Debt and Equity Securities [Abstract]

Investments

	June 30, 2016								December 31, 2015
			Gross		Gross						Gross		Gross
	Amortized		unrealized		unrealized		Estimated		Amortized		unrealized		unrealized		Estimated
(In millions)	cost		gains		losses		fair value		cost		gains		losses		fair value
GE
Debt
U.S. corporate	$	4	$	-	$	-	$	4	$	2	$	-	$	-	$	3
Corporate – non-U.S.		9		-		-		9		1		-		-		1
U.S. government and federal
agency		49		1		-		50		49		-		-		49
Equity		41		10		(4)		47		87		13		(2)		98
		103		11		(4)		110		139		14		(2)		151
GE Capital
Debt
U.S. corporate		20,718		4,177		(51)		24,844		19,971		2,669		(285)		22,355
State and municipal		3,885		731		(48)		4,568		3,910		407		(73)		4,245
Mortgage and asset-backed(a)		2,957		188		(23)		3,122		2,995		157		(35)		3,116
Corporate – non-U.S.		5,299		108		(4)		5,402		759		96		(9)		846
Government – non-U.S.		608		156		(1)		764		279		136		-		415
U.S. government and federal
agency		694		96		-		790		623		104		-		727
Equity		107		19		(1)		125		112		16		(4)		123
		34,268		5,475		(128)		39,615		28,648		3,585		(407)		31,827
Eliminations		(4)		-		-		(4)		(4)		-		-		(4)
Total	$	34,367	$	5,486	$	(133)	$	39,720	$	28,783	$	3,599	$	(409)	$	31,973

(a) Included residential mortgage-backed securities substantially collateralized by U.S. mortgages. At June 30, 2016, $535 million related to securities issued by government-sponsored entities and $19 million related to securities of private-label issuers. Securities issued by private-label issuers are collateralized primarily by pools of individual direct mortgage loans of financial institutions.

Schedule of investments, by type and length in continuous loss position

ESTIMATED FAIR VALUE AND GROSS UNREALIZED LOSSES OF AVAILABLE-FOR-SALE INVESTMENT SECURITIES
	In loss position for
	Less than 12 months				12 months or more
			Gross				Gross
	Estimated		unrealized		Estimated		unrealized
(In millions)	fair value(a)		losses(a)(b)		fair value		losses(b)
June 30, 2016
Debt
U.S. corporate	$	229	$	(9)	$	689	$	(42)
State and municipal		-		-		159		(48)
Mortgage and asset-backed		250		(6)		168		(17)
Corporate – non-U.S.		718		-		31		(4)
Equity		28		(5)		-		-
Total	$	1,226	$	(21)	$	1,048	$	(111)	(c)
December 31, 2015
Debt
U.S. corporate	$	2,966	$	(218)	$	433	$	(67)
State and municipal		494		(20)		155		(53)
Mortgage and asset-backed		719		(20)		84		(16)
Corporate – non-U.S.		56		(4)		14		(4)
Equity		36		(6)		-		-
Total	$	4,271	$	(268)	$	686	$	(140)

(a) Includes the estimated fair value of and gross unrealized losses on equity securities held by GE. At June 30, 2016, the estimated fair value of and gross unrealized losses on equity securities were $18 million and $(4)million, respectively. At December 31, 2015, the estimated fair value of and gross unrealized losses on equity securities were $6 million and $(2) million, respectively.

(b) Included gross unrealized losses of $1 million related to securities that had other-than-temporary impairments previously recognized at June 30, 2016.

(c)Includes debt securities held to support obligations to holders of Guaranteed Investment Contracts (GICs) of which the majority are considered to be investment-grade by the major rating agencies at June 30, 2016.

Pre Tax Other Than Temporary Impairments On Investment Securities [TableTextBlock]

PRE-TAX, OTHER-THAN-TEMPORARY IMPAIRMENTS ON INVESTMENT SECURITIES
	Three months ended June 30				Six months ended June 30
(In millions)	2016		2015		2016		2015
Total pre-tax, OTTI recognized	$	1	$	29	$	18	$	32
Pre-tax, OTTI recognized in AOCI		-		-		-		-
Pre-tax, OTTI recognized in earnings(a)	$	1	$	29	$	18	$	32

(a) Included pre-tax, other-than-temporary impairments recorded in earnings related to equity securities of $1 million and none in the three months endedJune 30, 2016 and 2015, respectively and $9 million and none in the six months endedJune 30, 2016 and 2015, respectively.

Schedule of contractual maturities

CONTRACTUAL MATURITIES OF INVESTMENT IN AVAILABLE-FOR-SALE DEBT SECURITIES
(EXCLUDING MORTGAGE AND ASSET-BACKED SECURITIES)
	Amortized		Estimated
(In millions)	cost		fair value
Due
Within one year	$	5,218	$	5,226
After one year through five years		3,901		4,167
After five years through ten years		4,521		5,070
After ten years		17,626		21,968

Supplemental gross realized gains losses on available-for-sale investment securities

GROSS REALIZED GAINS AND LOSSES ON AVAILABLE-FOR-SALE INVESTMENT SECURITIES
	Three months ended June 30				Six months ended June 30
(In millions)	2016		2015		2016		2015
GE
Gains	$	1	$	1	$	5	$	1
Losses, including impairments		(1)		(14)		(10)		(14)
Net		-		(13)		(5)		(13)
GE Capital
Gains		35		6		36		97
Losses, including impairments		(11)		(21)		(30)		(35)
Net		24		(15)		6		63
Total	$	24	$	(28)	$	2	$	50

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Inventories (Tables)

6 Months Ended

Jun. 30, 2016

Inventory, Net [Abstract]

Inventories

(In millions)	June 30, 2016		December 31, 2015
Raw materials and work in process	$	14,650	$	13,415
Finished goods		9,305		8,265
Unbilled shipments		512		628
		24,467		22,308
Revaluation to LIFO		257		207
Total inventories	$	24,723	$	22,515

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Financing Receivables and Allowance for Losses on Financing Receivables (Tables)

6 Months Ended

Jun. 30, 2016

Financing Receivables And Allowance For Losses [Abstract]

Financing Receivables - Net

FINANCING RECEIVABLES, NET
(In millions)	June 30, 2016		December 31, 2015
Loans, net of deferred income	$	19,045	$	20,115
Investment in financing leases, net of deferred income		5,027		4,969
		24,071		25,084
Allowance for losses		(74)		(81)
Financing receivables – net(a)	$	23,998	$	25,003

(a)Included $11.8 billion and $12.9 billion of receivables sold by GE to GE Capital at June 30, 2016 and December 31, 2015, respectively.

Allowance For Losses

ALLOWANCE FOR LOSSES
(In millions)		2016		2015
Balance at January 1	$	81	$	93
Provision		19		29
Net write-offs(a)		(26)		(40)
Other(b)		-		9
Balance at June 30	$	74	$	91

• Net write-offs (gross write-offs less recoveries) in certain portfolios may exceed the beginning allowance for losses as a result of losses that are incurred subsequent to the beginning of the fiscal year due to information becoming available during the current year, which may identify further deterioration on existing financing receivables.
• Other primarily includes the effects of currency exchange.

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Property, Plant and Equipment (Tables)

6 Months Ended

Jun. 30, 2016

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

(In millions)	June 30, 2016		December 31, 2015
Original cost	$	86,317	$	90,023
Less accumulated depreciation and amortization		(35,881)		(35,928)
Property, plant and equipment – net	$	50,436	$	54,095

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Acquisitions, Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2016

Acquisitions, Goodwill and Intangible Assets Disclosure [Abstract]

Assets Acquired And Liabilities Assumed

ASSETS ACQUIRED AND LIABILITIES ASSUMED AT THE ACQUISITION DATE
	Approximate
	balance at
(in millions)	June 30, 2016
Assets
Cash and equivalents	$	1,750
Current receivables		4,050
Inventories		4,750
Property, plant and equipment		2,900
Goodwill		14,750
Other intangible assets		4,500
All other assets, net(a)		3,950
Total Assets	$	36,650
Liabilities
Accounts payable	$	1,900
Progress collections		2,950
Accrued contract liabilities		8,600
All other liabilities(b)		7,700
Total Liabilities		21,150
Redeemable noncontrolling interests		3,000
Noncontrolling interest		600
Total purchase price		11,900
Cash acquired		1,750
Total purchase price, net of cash acquired	$	10,100

(a) Includes approximately $450 million of net deferred tax assets, including approximately $50 million of non-U.S. loss carry forwards net of valuation allowances and offsetting liabilities for unrecognized benefits. Also includes approximately $150 million of indemnification receivables for liabilities for unrecognized income tax benefits and other tax uncertainties.

(b) Includes approximately $750 million of liabilities for unrecognized income tax benefits and other uncertain taxes and approximately $750 million of pension and other employee related costs.

Changes in goodwill balance

CHANGES IN GOODWILL BALANCES
					Dispositions,
					currency
	Balance at				exchange		Balance at
(In millions)	January 1, 2016		Acquisitions (a)		and other		June 30, 2016
Power	$	16,736	$	1,147	$	(24)	$	17,859
Renewable Energy		2,580		28		(11)		2,596
Oil & Gas		10,594		-		7		10,601
Energy Connections		6,227		156		30		6,412
Aviation		8,567		-		67		8,635
Healthcare		17,353		98		(15)		17,436
Transportation		851		-		7		858
Appliances & Lighting		214		64		17		295
Capital		2,370		-		1		2,370
Corporate		34		-		(1)		34
Total	$	65,526	$	1,492	$	79	$	67,097

(a)Goodwill balances associated with Alstom and their allocations to segments are preliminary.

Goodwill and other intangible assets

OTHER INTANGIBLE ASSETS - NET
(In millions)	June 30, 2016		December 31, 2015
Intangible assets subject to amortization	$	16,550	$	17,688
Indefinite-lived intangible assets(a)		100		109
Total	$	16,650	$	17,797

(a) Indefinite-lived intangible assets principally comprise trademarks and in-process research and development.

Intangible assets subject to amortization

INTANGIBLE ASSETS SUBJECT TO AMORTIZATION
	June 30, 2016						December 31, 2015
	Gross						Gross
	carrying		Accumulated				carrying		Accumulated
(In millions)	amount		amortization		Net		amount		amortization		Net
Customer-related	$	9,321	$	(2,297)	$	7,024	$	9,758	$	(2,113)	$	7,645
Patents and technology		8,497		(3,358)		5,139		8,543		(3,096)		5,447
Capitalized software		7,529		(4,339)		3,190		7,375		(4,136)		3,239
Trademarks		1,257		(314)		944		1,337		(282)		1,055
Lease valuations		125		(47)		78		167		(22)		145
Present value of future profits(a)		668		(668)		-		651		(651)		-
All other		330		(155)		175		267		(108)		159
Total	$	27,728	$	(11,177)	$	16,550	$	28,098	$	(10,408)	$	17,688

(a) Balances at June 30, 2016 and December 31, 2015 reflect adjustments of $253 million and $266 million, respectively, to the present value of future profits in our run-off insurance operation to reflect the effects that would have been recognized had the related unrealized investment securities holding gains and losses actually been realized.

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Contract Assets (Tables)

6 Months Ended

Jun. 30, 2016

Other Assets [Abstract]

Contract Assets

(In millions)		June 30, 2016		December 31, 2015
GE
Contract assets	$	23,458	$	21,156

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Borrowings (Tables)

6 Months Ended

Jun. 30, 2016

Debt Disclosure [Abstract]

Schedule of Debt [Table Text Block]

(In millions)	June 30, 2016		December 31, 2015
Short-term borrowings
GE
Commercial paper	$	1,000	$	500
Current portion of long-term borrowings		16,183		17,770
Other		2,202		1,522
Total GE short-term borrowings(a)		19,384		19,792
GE Capital
Commercial paper
U.S.		5,002		650
Non-U.S.		-		4,351
Current portion of long-term borrowings		8,485		24,969
Intercompany payable to GE(b)		11,040		17,642
Other(c)		156		1,005
Total GE Capital short-term borrowings		24,683		48,617
Eliminations(b)		(12,141)		(18,549)
Total short-term borrowings	$	31,927	$	49,860
Long-term borrowings
GE
Senior notes	$	63,925	$	72,471
Subordinated notes		2,910		2,940
Subordinated debentures(d)		2,347		6,600
Other		952		1,298
Total GE long-term borrowings(a)		70,134		83,309
GE Capital
Senior notes		50,266		59,107
Subordinated notes		329		251
Intercompany payable to GE(b)		54,146		67,062
Other(c)		1,895		2,058
Total GE Capital long-term borrowings		106,636		128,478
Eliminations(b)		(54,266)		(67,128)
Total long-term borrowings	$	122,504	$	144,659
Non-recourse borrowings of consolidated securitization entities(e)	$	2,005	$	3,083
Total borrowings	$	156,436	$	197,602

• Excluding assumed debt of GE Capital, GE total borrowings is $19,331 million.
• The amount of the intercompany payable to GE was $65,186 million as of June 30, 2016, which includes a reduction in the short-term intercompany payable to GE for a $5,002 million loan in the second quarter of 2016 from GE Capital to GE, which bears the right of offset against amounts owed under the assumed debt agreement.
• Included $2,567million and $2,679million of funding secured by aircraft and other collateral at June 30, 2016 and December 31, 2015, respectively, of which $1,475million and $1,534million is non-recourse to GE Capital at June 30, 2016 and December 31, 2015, respectively.
• Included $2,347 million of subordinated debentures, which constitute the sole assets of trusts that have issued trust preferred securities and where GE owns 100% of the common securities of the trusts. Obligations associated with these trusts are unconditionally guaranteed by GE.
• Included $1,193 million and $918 million of current portion of long-term borrowings at June 30, 2016 and December 31, 2015, respectively. See Note 16.

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Postretirement Benefit Plans (Tables)

6 Months Ended

Jun. 30, 2016

Principal pension plans

Defined Benefit Plan Disclosure [Line Items]

Cost of Benefit Plans [Table Text Block]

EFFECT ON OPERATIONS OF PENSION PLANS
	Principal pension plans
	Three months ended June 30				Six months ended June 30
(In millions)		2016		2015		2016		2015
Service cost for benefits earned	$	291	$	367	$	606	$	728
Prior service cost amortization		76		51		152		103
Expected return on plan assets		(836)		(827)		(1,670)		(1,652)
Interest cost on benefit obligations		735		696		1,469		1,391
Net actuarial loss amortization		612		820		1,224		1,645
Curtailment loss (gain)		(1)		-		(1)		71	(a)
Pension plans cost	$	877	$	1,107	$	1,780	$	2,286

(a) Curtailment loss resulting from GE Capital Exit Plan.

Other pension plans

Defined Benefit Plan Disclosure [Line Items]

Cost of Benefit Plans [Table Text Block]

	Other pension plans
	Three months ended June 30				Six months ended June 30
(In millions)		2016		2015		2016		2015
Service cost for benefits earned	$	118	$	95	$	231	$	200
Prior service credit amortization		-		-		(1)		-
Expected return on plan assets		(259)		(205)		(522)		(414)
Interest cost on benefit obligations		168		130		340		263
Net actuarial loss amortization		65		71		129		145
Pension plans cost	$	92	$	91	$	177	$	194

Principal retiree benefit plans

Defined Benefit Plan Disclosure [Line Items]

Cost of Benefit Plans [Table Text Block]

EFFECT ON OPERATIONS OF PRINCIPAL RETIREE BENEFIT PLANS
	Principal retiree benefit plans
	Three months ended June 30					Six months ended June 30
(In millions)		2016		2015			2016		2015
Service cost for benefits earned	$	27	$	51		$	52	$	92
Prior service cost (credit) amortization		(41)		34			(82)		67
Expected return on plan assets		(11)		(12)			(22)		(24)
Interest cost on benefit obligations		63		100			126		201
Net actuarial loss (gain) amortization		(14)		2			(27)		3
Curtailment gain, net		-		(196)	(a)		-		(192)	(b)
Retiree benefit plans cost	$	24	$	(21)		$	47	$	147

Cost of Benefit Plans

(a) Curtailment gain resulting from a life insurance plan amendment.

(b) Included a curtailment gain resulting from a life insurance plan amendment and a curtailment loss resulting from the GE Capital Exit Plan.

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Income Taxes (Tables)

6 Months Ended

Jun. 30, 2016

Income Tax Disclosure [Abstract]

Unrecognized tax benefits

UNRECOGNIZED TAX BENEFITS
(In millions)	June 30, 2016		December 31, 2015
Unrecognized tax benefits	$	6,572	$	6,778
Portion that, if recognized, would reduce tax expense and effective tax rate(a)		4,164		4,723
Accrued interest on unrecognized tax benefits		945		805
Accrued penalties on unrecognized tax benefits		135		98
Reasonably possible reduction to the balance of unrecognized tax benefits
in succeeding 12 months		0-1,400		0-700
Portion that, if recognized, would reduce tax expense and effective tax rate(a)		0-800		0-200

(a) Some portion of such reduction may be reported as discontinued operations.

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Shareowners' Equity (Tables)

6 Months Ended

Jun. 30, 2016

Stockholders' Equity Note [Abstract]

Accumulated other comprehensive income

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
	Three months ended June 30				Six months ended June 30
(In millions)	2016		2015		2016		2015
Investment securities
Beginning balance	$	680	$	1,245	$	460	$	1,013
Other comprehensive income (loss) (OCI) before reclassifications –
net of deferred taxes of $222, $(365), $304 and $(210)		419		(692)		578		(405)
Reclassifications from OCI – net of deferred taxes
of $(9), $3, $31 and $(26)		(21)		10		39		(44)
Other comprehensive income (loss)(a)		397		(682)		617		(449)
Less OCI attributable to noncontrolling interests		-		(1)		-		-
Ending balance	$	1,077	$	564	$	1,077	$	564
Currency translation adjustments (CTA)
Beginning balance	$	(5,500)	$	(7,716)	$	(5,499)	$	(2,427)
OCI before reclassifications – net of deferred taxes
of $(50), $(201), $217 and $1,343		26		1,511		141		(3,828)
Reclassifications from OCI – net of deferred taxes
of $(39), $(150), $80 and $(151)		29		304		(85)		307
Other comprehensive income (loss)(a)		55		1,815		57		(3,521)
Less OCI attributable to noncontrolling interests		3		13		6		(34)
Ending balance	$	(5,448)	$	(5,914)	$	(5,448)	$	(5,914)
Cash flow hedges
Beginning balance	$	(26)	$	(226)	$	(80)	$	(180)
OCI before reclassifications – net of deferred taxes
of $2, $42, $(5) and $4		(15)		433		(40)		(493)
Reclassifications from OCI – net of deferred taxes
of $(4), $(68), $1 and $49		(10)		(347)		69		533
Other comprehensive income (loss)(a)		(25)		86		30		40
Less OCI attributable to noncontrolling interests		-		-		-		-
Ending balance	$	(51)	$	(140)	$	(51)	$	(140)
Benefit plans
Beginning balance	$	(10,859)	$	(15,667)	$	(11,410)	$	(16,578)
Prior service credit (costs) - net of deferred taxes
of $0, $1,194, $5 and $1,194		-		2,090		23		2,090
Net actuarial gain (loss) – net of deferred taxes
of $(65), $204, $(43) and $269		(80)		349		(12)		559
Net curtailment/settlement - net of deferred taxes
of $0, $(71), $0 and $(44)		(1)		(125)		(1)		(77)
Prior service cost amortization – net of deferred taxes
of $20, $38, $41 and $75		17		51		33		101
Net actuarial loss amortization – net of deferred taxes
of $217, $301, $433 and $605		447		586		890		1,187
Other comprehensive income (loss)(a)		382		2,951		933		3,860
Less OCI attributable to noncontrolling interests		-		-		(1)		(2)
Ending balance	$	(10,476)	$	(12,716)	$	(10,476)	$	(12,716)
Accumulated other comprehensive income (loss) at June 30	$	(14,898)	$	(18,206)	$	(14,898)	$	(18,206)

(a)Total other comprehensive income (loss) was $810 million and $4,170 million in the three months endedJune 30, 2016 and 2015, respectively and $1,636 million and $(70) million in the six months endedJune 30, 2016 and 2015, respectively.

Reclassification out of accumulated other comprehensive income

RECLASSIFICATION OUT OF AOCI
	Three months ended				Six months ended
	June 30				June 30
(In millions)	2016		2015		2016		2015		Statement of earnings caption
Available-for-sale securities
Realized gains (losses) on
sale/impairment of securities	$	30	$	(13)	$	(70)	$	70	Total revenues and other income(a)
Income taxes		(9)		3		31		(26)	Benefit (provision) for income taxes(b)
Net of tax	$	21	$	(10)	$	(39)	$	44
Currency translation adjustments
Gains (losses) on dispositions	$	10	$	(154)	$	5	$	(156)	Total revenues and other income(c)
Income taxes		(39)		(150)		80		(151)	Benefit (provision) for income taxes(d)
Net of tax	$	(29)	$	(304)	$	85	$	(307)
Cash flow hedges
Gains (losses) on interest rate
derivatives	$	(26)	$	(22)	$	(55)	$	(61)	Interest and other financial charges
Foreign exchange contracts		37		430		(5)		(528)	(e)
Other		2		7		(11)		7	(f)
Total before tax		14		415		(71)		(582)
Income taxes		(4)		(68)		1		49	Benefit (provision) for income taxes
Net of tax	$	10	$	347	$	(69)	$	(533)
Benefit plan items
Curtailment gain (loss)	$	1	$	196	$	1	$	121	(g)
Amortization of prior service costs		(37)		(89)		(74)		(176)	(g)
Amortization of actuarial gains (losses)		(664)		(887)		(1,323)		(1,792)	(g)
Total before tax		(700)		(780)		(1,396)		(1,847)
Income taxes		237		268		474		636	Benefit (provision) for income taxes
Net of tax	$	(463)	$	(512)	$	(922)	$	(1,211)
Total reclassification adjustments (net of tax)	$	(461)	$	(479)	$	(946)	$	(2,007)

• Included $6 million and $15million for the three months ended June 30, 2016 and 2015, and $(72) million and $17million for the six months ended June 30, 2016 and 2015, respectively in earnings (loss) from discontinued operations, net of taxes.
• Included $(1) million and $(7) million for the three months ended June 30, 2016 and 2015, and $31 million and $(6) million for thesix months ended June 30, 2016 and 2015, respectively in earnings (loss) from discontinued operations, net of taxes.
• Included $77 million and $4 million for the three months ended June 30, 2016 and 2015, and $71 million and$4 million for the six months ended June 30, 2016 and 2015, respectively in earnings (loss) from discontinued operations, net of taxes.
• Included $(39) million and $(137) million for the three months ended June 30, 2016 and 2015, and $80 million and $(137) million for the six months ended June 30, 2016 and 2015, respectively in earnings (loss) from discontinued operations, net of taxes
• Included $53 million and $404 million in GE Capital revenues from services and $(17) million and $26 million in interest and other financial charges in the three months endedJune 30, 2016 and 2015, respectively and $31 million and $(540) million in GE Capital revenues from services and $(36) million and $12 million in interest and other financial charges in the six months endedJune 30, 2016 and 2015, respectively.
• Primarily recorded in costs and expenses.
• Curtailment gain (loss), amortization of prior service costs and actuarial gains and losses out of AOCI are included in the computation of net periodic pension costs. See Note 10 for further information.

Changes to noncontrolling interests

CHANGES TO NONCONTROLLING INTERESTS
	Three months ended June 30				Six months ended June 30
(In millions)		2016		2015		2016		2015
Beginning balance	$	1,667	$	8,738	$	1,864	$	8,674
Net earnings (loss)		1		223		(68)		192
GECC preferred stock dividend		-		(161)		-		(161)
Dividends		(14)		(16)		(21)		(18)
Dispositions		-		(6)		(42)		(6)
Other (including AOCI)(a)(b)		39		(2)		(40)		95
Ending balance	$	1,693	$	8,776	$	1,693	$	8,776

(a) Includes research & development partner funding arrangements, acquisitions and eliminations.

(b) Includes $(123) million for deconsolidation of investment funds managed by GE Asset Management (GEAM) upon the adoption of ASU 2015-02, Amendments to the Consolidation Analysis. See Note 1.

Redeemable noncontrolling interest

	Three months ended June 30				Six months ended June 30
(In millions)		2016		2015		2016		2015
Beginning balance	$	3,036	$	73	$	2,972	$	98
Net earnings (loss)		(86)		3		(139)		(2)
Dividends		-		(1)		(9)		(11)
Redemption value adjustment		79		1		110		1
Other		42		3		135		(7)
Ending balance	$	3,070	$	79	$	3,070	$	79

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Earnings Per Share Information (Tables)

6 Months Ended

Jun. 30, 2016

Earnings Per Share [Abstract]

Calculation of earnings per share

	Three months ended June 30
	2016				2015
(In millions; per-share amounts in dollars)	Diluted		Basic		Diluted		Basic
Amounts attributable to the Company:
Consolidated
Earnings from continuing operations for
per-share calculation(a)(b)(c)	$	3,427	$	3,430	$	1,677	$	1,677
Preferred stock dividends		(152)		(152)		-		-
Earnings (loss) from continuing operations attributable to
common shareowners for per-share calculation(a)(b)(c)	$	3,275	$	3,278	$	1,677	$	1,677
Earnings (loss) from discontinued operations
for per-share calculation(a)(b)(c)		(543)		(540)		(3,034)		(3,034)
Net earnings (loss) attributable to GE common
shareowners for per-share calculation(a)(b)(c)	$	2,732	$	2,735	$	(1,357)	$	(1,357)
Average equivalent shares
Shares of GE common stock outstanding		9,079		9,079		10,087		10,087
Employee compensation-related shares (including
stock options)		85		-		71		-
Total average equivalent shares		9,164		9,079		10,158		10,087
Per-share amounts
Earnings (loss) from continuing operations	$	0.36	$	0.36	$	0.17	$	0.17
Earnings (loss) from discontinued operations		(0.06)		(0.06)		(0.30)		(0.30)
Net earnings (loss)		0.30		0.30		(0.13)		(0.13)

	Six months ended June 30
	2016				2015
(In millions; per-share amounts in dollars)	Diluted		Basic		Diluted		Basic
Amounts attributable to the Company:
Consolidated
Earnings (loss) from continuing operations for
per-share calculation(a)(b)(c)	$	3,925	$	3,927	$	(2,875)	$	(2,875)
Preferred stock dividends		(441)		(441)		-		-
Earnings (loss) from continuing operations attributable to
common shareowners for per-share calculation(a)(b)(c)	$	3,484	$	3,486	$	(2,875)	$	(2,875)
Earnings (loss) from discontinued operations
for per-share calculation(a)(b)(c)		(855)		(852)		(12,070)		(12,070)
Net earnings (loss) attributable to GE common
shareowners for per-share calculation(a)(b)(c)	$	2,631	$	2,634	$	(14,939)	$	(14,939)
Average equivalent shares
Shares of GE common stock outstanding		9,179		9,179		10,077		10,077
Employee compensation-related shares (including
stock options)		85		-		-		-
Total average equivalent shares		9,264		9,179		10,077		10,077
Per-share amounts
Earnings (loss) from continuing operations	$	0.38	$	0.38	$	(0.29)	$	(0.29)
Earnings (loss) from discontinued operations		(0.09)		(0.09)		(1.20)		(1.20)
Net earnings (loss)		0.28		0.29		(1.48)		(1.48)

• Our unvested restricted stock unit awards that contain non-forfeitable rights to dividends or dividend equivalents are considered participating securities. For the three months endedJune 30, 2016 and 2015, participating securities are included in the computation of earnings (loss) per share pursuant to the two-class method and the application of this treatment had an insignificant effect. For the six month period ended June 30, 2016, pursuant to the two-class method, as a result of the excess of dividends in current period earnings, losses were not allocated to the participating securities. For the six month period ended June 30, 2015, pursuant to the two-class method, as a result of the net loss from continuing operations, losses were not allocated to the participating securities.
• Included an insignificant amount of dividend equivalents in each of the periods presented.
• Included the dilutive adjustment for the change in income for forward purchase contracts that may be settled in stock for the three and six months ended June 30, 2016.

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Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2016

Fair Value Disclosures [Abstract]

Assets and liabilities at fair value

ASSETS AND LIABILITIES MEASURED AT FAIR VALUE ON A RECURRING BASIS
									Netting
(In millions)	Level 1		(a)	Level 2		(a)	Level 3		adjustment		(b)	Net balance
June 30, 2016
Assets
Investment securities
Debt
U.S. corporate	$	-		$	21,426		$	3,422	$	-		$	24,848
State and municipal		-			4,536			32		-			4,568
Mortgage and asset-backed		-			3,115			8		-			3,122
Corporate – non-U.S.		-			5,168			244		-			5,412
Government – non-U.S.		-			764			-		-			764
U.S. government and federal agency		-			532			307		-			839
Equity		143			16			8		-			167
Derivatives(c)		-			7,669			40		(6,821)			888
Total	$	143		$	43,226		$	4,060	$	(6,821)		$	40,608
Liabilities
Derivatives	$	-		$	4,474		$	3	$	(3,830)		$	646
Other(e)		-			1,132			-		-			1,132
Total	$	-		$	5,606		$	3	$	(3,830)		$	1,778
December 31, 2015
Assets
Investment securities
Debt
U.S. corporate	$	-		$	19,351		$	3,006	$	-		$	22,358
State and municipal		-			4,215			30		-			4,245
Mortgage and asset-backed		-			3,084			32		-			3,116
Corporate – non-U.S.		12			544			290		-			847
Government – non-U.S.		5			410			-		-			415
U.S. government and federal agency		49			404			323		-			776
Equity		194			9			13		-			217
Derivatives(c)		-			7,312			79		(6,110)			1,281
Other(d)		-			-			259		-			259
Total	$	260		$	35,331		$	4,033	$	(6,110)		$	33,512
Liabilities
Derivatives	$	-		$	5,677		$	4	$	(4,968)		$	713
Other(e)		-			1,182			-		-			1,182
Total	$	-		$	6,860		$	4	$	(4,968)		$	1,895

(a) There were $12million of Corporate – non-U.S. securities and $50million of U.S. Treasuries and federal agency securities transferred from Level 1 to Level 2 in the six months endedJune 30, 2016 primarily attributable to changes in approach. There were no securities transferred between Level 1 and Level 2 in the year ended December 31, 2015.

(b) The netting of derivative receivables and payables (including the effects of any collateral posted or received) is permitted when a legally enforceable master netting agreement exists.

(c) The fair value of derivatives includes an adjustment for non-performance risk. At June 30, 2016 and December 31, 2015, the cumulative adjustment for non-performance risk was $(9) million and insignificant, respectively. See Notes15 and 19 for additional information on the composition of our derivative portfolio.

(d) Includes private equity investments.

(e) Primarily represents the liabilities associated with certain of our deferred incentive compensation plans

Changes in level 3 instruments

CHANGES IN LEVEL 3 INSTRUMENTS FOR THE THREE MONTHS ENDED
																			Net
																			change in
			Net			Net													unrealized
			realized/			realized/													gains
			unrealized		unrealized														(losses)
			gains			gains													relating to
			(losses)			(losses)							Transfers		Transfers				instruments
	Balance at		included in			included							into		out of		Balance at		still held at
(In millions)	April 1		earnings(a)			in AOCI	Purchases		Sales		Settlements		Level 3(b)		Level 3(b)		June 30		June 30(c)
2016
Investment securities
Debt
U.S. corporate	$	3,143	$	4	$	132	$	173	$	-	$	(35)	$	8	$	(3)	$	3,422	$	-
State and municipal		31		-		1		-		-		-		-		-		32		-
Mortgage and
asset-backed		23		(10)		-		-		-		(5)		-		-		8		-
Corporate – non-U.S.		295		28		(5)		9		(82)		-		(1)		-		244		-
U.S. government and
federal agency		277		-		30		-		-		-		-		-		307		-
Equity		9		-		(1)		-		-		-		-		-		8		-
Derivatives(d)(e)		82		(26)		-		-		-		(41)		11		11		37		(24)
Total	$	3,859	$	(4)	$	158	$	183	$	(82)	$	(82)	$	18	$	8	$	4,057	$	(24)
2015
Investment securities
Debt
U.S. corporate	$	3,163	$	(10)	$	(145)	$	87	$	(38)	$	(20)	$	-	$	(13)	$	3,024	$	-
State and municipal		58		-		(3)		-		-		(8)		-		-		47		-
Mortgage and
asset-backed		114		(15)		(8)		-		-		-		-		(13)		78		-
Corporate – non-U.S.		290		-		(7)		-		-		-		-		-		283		-
Government – non-U.S.		2		-		-		-		-		-		-		-		2		-
U.S. government and
federal agency		291		-		2		-		-		-		-		-		293		-
Equity		6		-		-		6		(6)		-		-		-		6		-
Derivatives(d)(e)		33		(2)		-		-		-		(6)		40		-		65		33
Other		225		4		-		-		(7)		-		-		-		222		1
Total	$	4,183	$	(23)	$	(161)	$	92	$	(51)	$	(35)	$	40	$	(27)	$	4,020	$	34

• Earnings effects are primarily included in the “GE Capital revenues from services” and “Interest and other financial charges” captions in the Statement of Earnings.
• Transfers in and out of Level 3 are considered to occur at the beginning of the period. Transfers out of Level 3 were primarily a result of increased use of quotes from independent pricing vendors based on recent trading activity.
• Represents the amount of unrealized gains or losses for the period included in earnings.
• Represents derivative assets net of derivative liabilities and includes cash accruals of none and $11 million not reflected in the fair value hierarchy table for the three months endedJune 30, 2016 and 2015, respectively.
• Gains (losses) included in net realized/unrealized gains (losses) included in earnings were offset by the earnings effects from the underlying items that were economically hedged. See Notes 15 and 19.

CHANGES IN LEVEL 3 INSTRUMENTS FOR THE SIX MONTHS ENDED
																			Net
																			change in
			Net			Net													unrealized
			realized/			realized/													gains
			unrealized		unrealized														(losses)
			gains			gains													relating to
			(losses)			(losses)							Transfers		Transfers				instruments
	Balance at		included in			included							into		out of		Balance at		still held at
(In millions)	January 1		earnings(a)			in AOCI	Purchases		Sales		Settlements		Level 3(b)		Level 3(b)		June 30		June 30(c)
2016
Investment securities
Debt
U.S. corporate	$	3,006	$	8	$	232	$	233	$	(5)	$	(43)	$	8	$	(18)	$	3,422	$	-
State and municipal		30		-		2		-		-		-		-		-		32		-
Mortgage and
asset-backed		32		(19)		-		-		-		(6)		-		-		8		-
Corporate – non-U.S.		290		28		-		9		(82)		(1)		(1)		-		244		-
U.S. government and
federal agency		323		-		(15)		-		-		(1)		-		-		307		-
Equity		13		(6)		1		-		-		-		-		-		8		-
Derivatives(d)(e)		88		(22)		-		-		-		(39)		-		10		37		(20)
Other		259		-		-		-		-		-		-		(259)		-		-
Total	$	4,042	$	(12)	$	221	$	243	$	(87)	$	(90)	$	7	$	(267)	$	4,057	$	(20)
2015
Investment securities
Debt
U.S. corporate	$	3,053	$	(6)	$	(86)	$	181	$	(49)	$	(56)	$	-	$	(13)	$	3,024	$	-
State and municipal		58		-		(2)		-		-		(8)		-		-		47		-
Mortgage and
asset-backed		145		(9)		(9)		-		(32)		(3)		-		(13)		78		-
Corporate – non-U.S.		337		-		(4)		-		(49)		-		-		-		283		-
Government – non-U.S.		2		-		-		-		-		-		-		-		2		-
U.S. government and
federal agency		266		-		28		-		-		(1)		-		-		293		-
Equity		9		2		(2)		6		(6)		(4)		-		-		6		-
Derivatives(d)(e)		29		3		-		-		-		(8)		40		-		65		40
Other		277		(34)		-		-		(20)		-		-		-		222		(37)
Total	$	4,175	$	(44)	$	(74)	$	187	$	(157)	$	(80)	$	41	$	(27)	$	4,020	$	3

• Earnings effects are primarily included in the “GE Capital revenues from services” and “Interest and other financial charges” captions in the Statement of Earnings.
• Transfers in and out of Level 3 are considered to occur at the beginning of the period. Transfers out of Level 3 for the six months endedJune 30, 2016 were primarily a result of the adoption of ASU 2015-02, Amendments to the Consolidation Analysis. See Note 1.
• Represents the amount of unrealized gains or losses for the period included in earnings.
• Represents derivative assets net of derivative liabilities and includes cash accruals of none and $11 million not reflected in the fair value hierarchy table for the six months endedJune 30, 2016 and 2015, respectively.
• Gains (losses) included in net realized/unrealized gains (losses) included in earnings were offset by the earnings effects from the underlying items that were economically hedged. See Notes 15 and 19.

Non-recurring fair value amounts (as measured at the time of the adjustment) for those assets remeasured to fair value on a non-recurring basis

	Remeasured during				Remeasured during
	the six months ended				the year ended
	June 30, 2016				December 31, 2015
(In millions)	Level 2		Level 3		Level 2		Level 3
Financing receivables and financing receivables held for sale	$	-	$	33	$	-	$	154
Cost and equity method investments		-		226		1		436
Long-lived assets		32		634		2		882
Total	$	32	$	893	$	3	$	1,471

	Three months ended June 30				Six months ended June 30
(In millions)	2016		2015		2016		2015
Financing receivables and financing receivables held for sale	$	-	$	(19)	$	(15)	$	(21)
Cost and equity method investments		(18)		(60)		(95)		(91)
Long-lived assets		(172)		(23)		(227)		(57)
Total	$	(190)	$	(103)	$	(337)	$	(168)

Significant Unobservable Inputs Used For Level Three Recurring And Nonrecurring Measurements [Table Text Block]

LEVEL 3 MEASUREMENTS - SIGNIFICANT UNOBSERVABLE INPUTS
					Range
(Dollars in millions)	Fair value		Valuation technique	Unobservable inputs	(weighted-average)
June 30, 2016
Recurring fair value measurements
Investment securities – Debt
U.S. corporate	$	897	Income approach	Discount rate(a)	1.7%-13.5% (8.0%)
Mortgage and asset-backed		8	Income approach	Discount rate(a)	2.0%-5.0% (4.7%)
Non-recurring fair value measurements
Financing receivables and
financing receivables held for sale	$	31	Income approach	Discount rate(a)	9.0%-30.0% (20.4%)
Cost and equity method investments		138	Income approach	Discount rate(a)	9.0%-20.0% (13.2%)
Long-lived assets		599	Income approach	Discount rate(a)	1.8%-25.0% (10.5%)
December 31, 2015
Recurring fair value measurements
Investment securities – Debt
U.S. corporate	$	834	Income approach	Discount rate(a)	1.7%-14.1% (8.6%)
Mortgage and asset-backed		31	Income approach	Discount rate(a)	5.0%-12.0% (10.5%)
Corporate – non-U.S.		236	Income approach	Discount rate(a)	6.5%-14.0% (7.5%)
Other financial assets		259	Income approach,	EBITDA multiple	6.1X-15.0X (9.9X)
			Market comparables	Capitalization rate	7.8%-7.8% (7.8%)
Non-recurring fair value measurements
Financing receivables and
financing receivables held for sale	$	146	Income approach	Discount rate(a)	6.5%-30.0% (10.7%)
Cost and equity method investments		293	Income approach,	Discount rate(a)	9.5%-35.0% (14.4%)
Long-lived assets		830	Income approach	Discount rate(a)	1.8%-11.7% (10.5%)

(a) Discount rates are determined based on inputs that market participants would use when pricing investments, including credit and liquidity risk. An increase in the discount rate would result in a decrease in the fair value.

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Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2016

Summary Of Derivative Instruments [Abstract]

Estimated fair value of assets and liabilities

	June 30, 2016				December 31, 2015
	Carrying				Carrying
	amount		Estimated		amount		Estimated
(In millions)	(net)		fair value		(net)		fair value
GE
Assets
Investments and notes receivable	$	1,353	$	1,437	$	1,104	$	1,174
Liabilities
Borrowings(a)(b)		19,331		20,822		18,397		18,954
Borrowings (debt assumed)(a)(c)		70,188		79,727		84,704		92,231
GE Capital
Assets
Loans		18,992		18,850		20,061		19,774
Time deposits(d)		3,550		3,550		10,386		10,386
Other commercial mortgages		1,356		1,481		1,381		1,447
Loans held for sale		692		692		342		342
Other financial instruments(e)		91		122		94		110
Liabilities
Borrowings(a)(f)(g)(h)		68,138		70,790		95,474		99,396
Investment contracts		2,870		3,490		2,955		3,441

(a)See Note 9.

(b) Included $93 million and $116million of accrued interest in estimated fair value at June 30, 2016 and December 31, 2015, respectively.

(c) Included $992 million and $1,006million of accrued interest in estimated fair value at June 30, 2016 and December 31, 2015, respectively.

(d) Balances at June 30, 2016 and December 31, 2015 included $3,550 million and $10,386 million, respectively of high quality interest bearing deposits of global banks, that matured in April and July 2016.

(e)Principally comprises cost method investments.

(f)Fair values exclude interest rate and currency derivatives designated as hedges of borrowings. Had they been included, the fair value of borrowings at June 30, 2016 and December 31, 2015 would have been reduced by $5,299 million and $3,001 million, respectively.

(g) Included $668 million and $1,103million of accrued interest in estimated fair value at June 30, 2016 and December 31, 2015, respectively.

(h) Excluded $65,186 million and $84,704million of intercompany payable to GE at June 30, 2016 and December 31, 2015respectively, which includes a reduction for a $5,002 million short-term loan in second quarter of 2016 from GE Capital to GE, which bears the right of offset against amounts owed under the assumed debt agreement.

Loan commitments

NOTIONAL AMOUNTS OF LOAN COMMITMENTS
(In millions)	June 30, 2016		December 31, 2015
Ordinary course of business lending commitments(a)	$	448	$	531
Unused revolving credit lines		213		279

(a) Excluded investment commitments of $758 million and $782 million at June 30, 2016 and December 31, 2015, respectively.

Financial statements effects of cash flow hedges

FINANCIAL STATEMENT EFFECTS - CASH FLOW HEDGES
	Three months ended June 30				Six months ended June 30
(In millions)	2016		2015		2016		2015
Balance sheet changes
Fair value of derivatives increase (decrease)	$	11	$	446	$	(45)	$	(637)
Shareowners' equity (increase) decrease		(12)		(446)		45		637
Earnings (loss) related to ineffectiveness		-		-		1		-
Earnings (loss) effect of derivatives(a)		14		415		(71)		(582)
(a) Offsets earnings effect of the hedged forecasted transaction

Interest rate forwards/swaps	Interest rate increases	Interest rate decreases
Pay fixed rate/receive floating rate	Fair value increases	Fair value decreases
Currency forwards/swaps	U.S. dollar strengthens	U.S. dollar weakens
Pay U.S. dollars/receive foreign currency	Fair value decreases	Fair value increases
Commodity derivatives	Price increases	Price decreases
Receive commodity/ pay fixed price	Fair value increases	Fair value decreases

Financial statements effects of fair value hedges

FINANCIAL STATEMENT EFFECTS - FAIR VALUE HEDGES
	Three months ended June 30				Six months ended June 30
(In millions)	2016		2015		2016		2015
Balance sheet changes
Fair value of derivative increase (decrease)	$	888	$	(1,924)	$	2,610	$	(873)
Adjustment to carrying amount of hedged debt (increase) decrease		(933)		1,872		(2,688)		789
Earnings (loss) related to hedge ineffectiveness		(46)		(52)		(77)		(84)

Interest rate forwards/swaps	Interest rate increases	Interest rate decreases
Pay floating rate/receive fixed rate	Fair value decreases	Fair value increases

Financial statements effects of net investment hedges

FINANCIAL STATEMENT EFFECTS - NET INVESTMENT HEDGES
	Three months ended June 30				Six months ended June 30
(In millions)	2016		2015		2016		2015
Balance sheet changes
Fair value of derivatives increase (decrease)	$	(282)	$	(1,578)	$	47	$	3,367
Fair value of non-derivatives (increase) decrease		(318)		-		(120)		-
Shareowners' equity (increase) decrease		609		1,566		40		(3,423)
Earnings (loss) related to
spot-forward differences and ineffectiveness		8		(12)		(34)		(56)
Earnings (loss) related to
reclassification upon sale or liquidation(a)		(380)		(196)		(1,072)		589

(a) Included $(380) million and $(196) million recorded in discontinued operations in the three months endedJune 30, 2016 and 2015, and $(1,072) million and $592 million recorded in discontinued operations in the six months endedJune 30, 2016 and 2015, respectively.

Currency forwards/swaps	U.S. dollar strengthens	U.S. dollar weakens
Receive U.S. dollars/pay foreign currency	Fair value increases	Fair value decreases

Financial statements effects of economic hedges

FINANCIAL STATEMENT EFFECTS - ECONOMIC HEDGES
	Three months ended June 30				Six months ended June 30
(In millions)	2016		2015		2016		2015
Balance sheet changes
Change in fair value of economic hedge increase (decrease)	$	159	$	875	$	(143)	$	(2,243)
Change in carrying amount of item being hedged increase (decrease)		(288)		(981)		(177)		2,148
Earnings (loss) effect of economic hedges(a)		(130)		(106)		(321)		(95)

(a) Offset by the future earnings effects of economically hedged item.

Interest rate forwards/swaps interest rate	Interest rate increases	Interest rate decreases
Pay floating rate/receive fixed rate	Fair value decreases	Fair value increases
Currency forwards/swaps	U.S. dollar strengthens	U.S. dollar weakens
Pay U.S. dollars/receive foreign currency	Fair value decreases	Fair value increases
Receive U.S. dollars/pay foreign currency	Fair value increases	Fair value decreases
Commodity derivatives	Price increases	Price decreases
Receive commodity/ pay fixed price	Fair value increases	Fair value decreases

Carry amounts related to derivatives

CARRYING AMOUNTS RELATED TO DERIVATIVES
(In millions)	June 30, 2016		December 31, 2015
Derivative assets	$	7,709	$	7,391
Derivative liabilities		(4,477)		(5,681)
Accrued interest		728		1,014
Cash collateral & credit valuation adjustment		(2,991)		(1,141)
Net Derivatives		969		1,583
Securities held as collateral		(1,038)		(1,277)
Net amount	$	(69)	$	306

Effects of derivatives on earnings

		Three months ended June 30					Six months ended June 30
		Effect on		Effect on		Effect on		Effect on		Effect on		Effect on
(In millions)	hedging instrument			underlying	earnings		hedging instrument			underlying	earnings
2016
Cash flow hedges	$	11	$	(12)	$	-	$	(45)	$	45	$	1
Fair value hedges		888		(933)		(46)		2,610		(2,688)		(77)
Net investment hedges(a)		(600)		609		8		(73)		40		(34)
Economic hedges(b)		159		(288)		(130)		(143)		(177)		(321)
Total					$	(168)					$	(431)

2015
Cash flow hedges	$	446	$	(446)	$	-	$	(637)	$	637	$	-
Fair value hedges		(1,924)		1,872		(52)		(873)		789		(84)
Net investment hedges(a)		(1,578)		1,566		(12)		3,367		(3,423)		(56)
Economic hedges(b)		875		(981)		(106)		(2,243)		2,148		(95)
Total					$	(170)					$	(235)

(a) Both derivatives and non-derivatives hedging instruments are included.

(b) Net effect is substantially offset by the change in fair value of the hedged item that will affect earnings in future periods.

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Variable Interest Entities (Tables)

6 Months Ended

Jun. 30, 2016

Variable Interest Entities [Abstract]

Schedule of VIE

ASSETS AND LIABILITIES OF CONSOLIDATED VIEs
				GE Capital
				Trade receivables			Other
(In millions)	GE			securitization(a)			securitization(a)		Other	Total
June 30, 2016
Assets
Financing receivables, net	$	-	$	-		$	926	$	745	$	1,671
Current receivables		152		2,683	(b)		-		1		2,836
Investment securities		-		-			-		1,516		1,516
Other assets		1,099		-			33		1,144		2,276
Total	$	1,251	$	2,683		$	959	$	3,406	$	8,299
Liabilities
Borrowings	$	41	$	-		$	827	$	867	$	1,735
Non-recourse borrowings		-		1,905			100		-		2,005
Other liabilities		1,161		31			30		1,343		2,565
Total	$	1,202	$	1,936		$	957	$	2,210	$	6,305
December 31, 2015
Assets
Financing receivables, net	$	-	$	-		$	-	$	882	$	882
Current receivables		385		3,506	(b)		-		-		3,891
Investment securities		-		-			-		1,404		1,404
Other assets		2,482		24			-		1,068		3,574
Total	$	2,867	$	3,530		$	-	$	3,354	$	9,751
Liabilities
Borrowings	$	221	$	-		$	-	$	960	$	1,181
Non-recourse borrowings		-		3,022			-		61		3,083
Other liabilities		2,289		34			-		1,234		3,557
Total	$	2,510	$	3,056		$	-	$	2,255	$	7,821

• We provide servicing to the CSEs and are contractually permitted to commingle cash collected from customers on financing receivables sold to CSE investors with our own cash prior to payment to a CSE, provided our short-term credit rating does not fall below A-1/P-1. These CSEs also owe us amounts for purchased financial assets and scheduled interest and principal payments. At June 30, 2016 and December 31, 2015, the amounts of commingled cash owed to the CSEs were $860 million and $1,093million, respectively, and the amounts owed to us by CSEs were $12 million and $7million, respectively.
• In June 2016, we completed the sale of our Appliances business to Haier and sold all of the Appliances receivables purchased by the securitization trust to Haier for $773 million. Further information about the sale is provided in Note 2. AtDecember 31, 2015, included $737 million of receivables purchased from Appliances.

Unconsolidated VIE

INVESTMENTS IN UNCONSOLIDATED VIEs
(In millions)	June 30, 2016		December 31, 2015
Other assets and investment securities	$	5,437	$	745
Financing receivables – net		13		13
Total investments		5,450		758
Contractual obligations to fund investments, guarantees or revolving lines of credit		866		29
Total exposure(a)	$	6,316	$	787

(a) The increase in the unconsolidated VIE disclosure above is a result of adoption of ASU 2015-02 on January 1, 2016.These investments, prior to the adoption of ASU 2015-02, were not considered VIEs. Further information is provided in Note 1.

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Intercompany Transactions (Tables)

6 Months Ended

Jun. 30, 2016

Intercompany Transactions [Abstract]

Intercompany Transactions

	Six months ended June 30
(In millions)	2016		2015
Cash from (used for) operating activities-continuing operations
Combined	$	11,129	$	1,828
GE customer receivables sold to GE Capital		1,499		1,169
GE Capital dividends to GE		(11,000)		(450)
Other reclassifications and eliminations		308		385
	$	1,936	$	2,932
Cash from (used for) investing activities-continuing operations
Combined	$	39,496	$	26,605
GE customer receivables sold to GE Capital		(1,652)		(1,493)
Other reclassifications and eliminations		4,570		(356)
	$	42,414	$	24,756
Cash from (used for) financing activities-continuing operations
Combined	$	(68,960)	$	(17,214)
GE customer receivables sold to GE Capital		153		324
GE Capital dividends to GE		11,000		450
Other reclassifications and eliminations		(4,878)		(30)
	$	(62,685)	$	(16,470)

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Operating Segments (Tables)

6 Months Ended

Jun. 30, 2016

Operating Segments Reconciliation [Abstract]

Operating segments reconciliation

SUMMARY OF OPERATING SEGMENTS
	Three months ended June 30					Six months ended June 30
(In millions)		2016		2015	V%		2016		2015	V%
Revenues
Power	$	6,639	$	5,055	31 %	$	11,843	$	9,667	23 %
Renewable Energy		2,094		1,641	28 %		3,763		2,669	41 %
Oil & Gas		3,219		4,118	(22)%		6,533		8,157	(20)%
Energy Connections		2,734		1,768	55 %		4,994		3,453	45 %
Aviation		6,511		6,251	4 %		12,774		11,926	7 %
Healthcare		4,525		4,337	4 %		8,708		8,412	4 %
Transportation		1,240		1,420	(13)%		2,222		2,728	(19)%
Appliances & Lighting		1,667		2,236	(25)%		3,663		4,177	(12)%
Total industrial segment revenues		28,630		26,826	7 %		54,499		51,188	6 %
Capital		2,771		2,690	3 %		5,656		5,556	2 %
Total segment revenues		31,401		29,516	6 %		60,155		56,744	6 %
Corporate items and eliminations		2,093		(290)			1,184		(1,278)
Consolidated revenues	$	33,494	$	29,226	15 %	$	61,339	$	55,466	11 %
Segment profit (loss)
Power	$	1,140	$	1,046	9 %	$	1,714	$	1,803	(5)%
Renewable Energy		128		144	(11)%		211		201	5 %
Oil & Gas		320		613	(48)%		628		1,102	(43)%
Energy Connections		35		82	(57)%		(49)		110	U
Aviation		1,348		1,269	6 %		2,872		2,583	11 %
Healthcare		782		704	11 %		1,413		1,292	9 %
Transportation		273		331	(18)%		437		556	(21)%
Appliances & Lighting		96		165	(42)%		211		268	(21)%
Total industrial segment profit		4,122		4,355	(5)%		7,437		7,915	(6)%
Capital		(600)		(493)	(22)%		(1,492)		(6,215)	76 %
Total segment profit (loss)		3,523		3,862	(9)%		5,944		1,700	F
Corporate items and eliminations		974		(1,185)			(597)		(2,876)
GE interest and other financial charges		(567)		(414)			(1,007)		(803)
GE provision for income taxes		(648)		(583)			(849)		(890)
Earnings (loss) from continuing operations
attributable to GE common shareowners		3,281		1,679	95 %		3,492		(2,869)	F
Earnings (loss) from discontinued operations, net of tax		(541)		(2,947)	82 %		(849)		(11,883)	93 %
Less net earnings attributable to noncontrolling
interests, discontinued operations		3		92	(97)%		3		181	(98)%
Earnings (loss) from discontinued operations,
net of tax and noncontrolling interest		(544)		(3,039)	82 %		(852)		(12,064)	93 %
Consolidated net earnings (loss)
attributable to the GE common shareowners	$	2,738	$	(1,360)	F	$	2,639	$	(14,933)	F
		\					\

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Guarantor Financials (Tables) - Guarantor

6 Months Ended

Jun. 30, 2016

Guarantee Obligations [Line Items]

Schedule Of Condensed Income Statement [Table Text Block]

CONDENSED CONSOLIDATING STATEMENT OF EARNINGS (LOSS) AND COMPREHENSIVE INCOME (LOSS)
FOR THE THREE MONTHS ENDED JUNE 30, 2016 (UNAUDITED)
		Parent						Non-
		Company		Subsidiary		Subsidiary		Guarantor		Consolidating
(in millions)		Guarantor		Issuer		Guarantor		Subsidiaries		Adjustments		Consolidated
Revenues and other income
Sales of goods and services	$	10,664	$	-	$	-	$	38,202	$	(20,838)	$	28,028
Other income		(264)		-		-		16,043		(12,629)		3,150
Equity in earnings (loss) of affiliates		5,228		-		(5)		15,305		(20,528)		-
GE Capital revenues from services		-		200		722		1,760		(365)		2,316
Total revenues and other income		15,628		200		717		71,310		(54,359)		33,494
Costs and expenses
Interest and other financial charges		851		175		677		1,412		(1,790)		1,326
Investment contracts, insurance losses and
insurance annuity benefits		-		-		-		815		(40)		776
Other costs and expenses		11,601		-		19		37,971		(22,022)		27,569
Total costs and expenses		12,453		175		695		40,198		(23,852)		29,670
Earnings (loss) from continuing
operations before income taxes		3,175		25		21		31,111		(30,508)		3,824
Benefit (provision) for income taxes		256		(3)		(43)		(435)		(254)		(479)
Earnings (loss) from continuing operations		3,430		22		(22)		30,676		(30,762)		3,345
Earnings (loss) from discontinued
operations, net of taxes		(541)		-		(521)		600		(80)		(541)
Net earnings (loss)		2,890		22		(542)		31,277		(30,841)		2,804
Less net earnings (loss) attributable to
noncontrolling interests		-		-		-		(66)		(20)		(86)
Net earnings (loss) attributable to
the Company		2,890		22		(542)		31,342		(30,822)		2,890
Other comprehensive income (loss)		807		-		246		579		(825)		807
Comprehensive income (loss) attributable
to the Company	$	3,696	$	22	$	(297)	$	31,922	$	(31,646)	$	3,696

CONDENSED CONSOLIDATING STATEMENT OF EARNINGS (LOSS) AND COMPREHENSIVE INCOME (LOSS)
FOR THE THREE MONTHS ENDED JUNE 30, 2015 (UNAUDITED)
		Parent						Non-
		Company		Subsidiary		Subsidiary		Guarantor		Consolidating
(in millions)		Guarantor		Issuer		Guarantor		Subsidiaries		Adjustments		Consolidated
Revenues and other income
Sales of goods and services	$	11,463	$	-	$	-	$	33,442	$	(18,849)	$	26,056
Other income		610		-		-		3,352		(3,183)		780
Equity in earnings (loss) of affiliates		2,336		-		-		3,338		(5,673)		-
GE Capital revenues from services		-		-		-		9,068		(6,678)		2,390
Total revenues and other income		14,409		-		-		49,200		(34,383)		29,226
Costs and expenses
Interest and other financial charges		817		-		-		2,277		(2,382)		713
Investment contracts, insurance losses and
insurance annuity benefits		-		-		-		709		(52)		657
Other costs and expenses		12,505		-		-		37,984		(25,244)		25,245
Total costs and expenses		13,322		-		-		40,971		(27,679)		26,614
Earnings (loss) from continuing
operations before income taxes		1,086		-		-		8,229		(6,704)		2,612
Benefit (provision) for income taxes		497		-		-		(2,854)		1,558		(799)
Earnings (loss) from continuing operations		1,584		-		-		5,375		(5,146)		1,813
Earnings (loss) from discontinued
operations, net of taxes		(2,943)		-		-		(367)		363		(2,947)
Net earnings (loss)		(1,360)		-		-		5,008		(4,783)		(1,134)
Less net earnings (loss) attributable to
noncontrolling interests		-		-		-		97		128		225
Net earnings (loss) attributable to
the Company		(1,360)		-		-		4,911		(4,911)		(1,360)
Other comprehensive income (loss)		4,158		-		-		1,206		(1,206)		4,158
Comprehensive income (loss) attributable
to the Company	$	2,798	$	-	$	-	$	6,116	$	(6,116)	$	2,798

CONDENSED CONSOLIDATING STATEMENT OF EARNINGS (LOSS) AND COMPREHENSIVE INCOME (LOSS)
FOR THE SIX MONTHS ENDED JUNE 30, 2016 (UNAUDITED)
		Parent						Non-
		Company		Subsidiary		Subsidiary		Guarantor		Consolidating
(in millions)		Guarantor		Issuer		Guarantor		Subsidiaries		Adjustments		Consolidated
Revenues and other income
Sales of goods and services	$	20,676	$	-	$	-	$	71,961	$	(39,295)	$	53,342
Other income		(38)		-		-		19,484		(16,288)		3,158
Equity in earnings (loss) of affiliates		6,135		-		665		28,928		(35,728)		-
GE Capital revenues from services		-		596		1,019		6,344		(3,121)		4,838
Total revenues and other income		26,774		596		1,683		126,717		(94,431)		61,339
Costs and expenses
Interest and other financial charges		1,662		547		1,608		3,171		(3,927)		3,062
Investment contracts, insurance losses and
insurance annuity benefits		-		-		-		1,487		(70)		1,417
Other costs and expenses		22,057		-		55		73,137		(42,452)		52,797
Total costs and expenses		23,719		548		1,663		77,795		(46,449)		57,276
Earnings (loss) from continuing
operations before income taxes		3,055		48		20		48,922		(47,983)		4,063
Benefit (provision) for income taxes		875		(6)		(46)		(958)		(205)		(340)
Earnings (loss) from continuing operations		3,929		42		(26)		47,964		(48,187)		3,723
Earnings (loss) from discontinued
operations, net of taxes		(849)		-		(996)		174		821		(849)
Net earnings (loss)		3,081		42		(1,022)		48,138		(47,366)		2,874
Less net earnings (loss) attributable to
noncontrolling interests		-		-		-		(91)		(116)		(207)
Net earnings (loss) attributable to
the Company		3,081		42		(1,022)		48,230		(47,250)		3,081
Other comprehensive income (loss)		1,631		(12)		63		847		(898)		1,631
Comprehensive income (loss) attributable
to the Company	$	4,711	$	30	$	(958)	$	49,076	$	(48,148)	$	4,711

CONDENSED CONSOLIDATING STATEMENT OF EARNINGS (LOSS) AND COMPREHENSIVE INCOME (LOSS)
FOR THE SIX MONTHS ENDED JUNE 30, 2015 (UNAUDITED)
		Parent						Non-
		Company		Subsidiary		Subsidiary		Guarantor		Consolidating
(in millions)		Guarantor		Issuer		Guarantor		Subsidiaries		Adjustments		Consolidated
Revenues and other income
Sales of goods and services	$	21,135	$	-	$	-	$	64,776	$	(36,172)	$	49,739
Other income		413		-		-		4,399		(3,889)		922
Equity in earnings (loss) of affiliates		(1,084)		-		-		14,976		(13,892)		-
GE Capital revenues from services		-		-		-		17,623		(12,819)		4,804
Total revenues and other income		20,464		-		-		101,775		(66,773)		55,466
Costs and expenses
Interest and other financial charges		1,570		-		-		4,646		(4,886)		1,331
Investment contracts, insurance losses and
insurance annuity benefits		-		-		-		1,354		(84)		1,270
Other costs and expenses		23,020		-		-		78,800		(53,187)		48,633
Total costs and expenses		24,589		-		-		84,800		(58,156)		51,233
Earnings (loss) from continuing
operations before income taxes		(4,125)		-		-		16,975		(8,617)		4,233
Benefit (provision) for income taxes		1,071		-		-		(9,927)		1,763		(7,093)
Earnings (loss) from continuing operations		(3,054)		-		-		7,047		(6,853)		(2,860)
Earnings (loss) from discontinued
operations, net of taxes		(11,879)		-		-		(2,693)		2,689		(11,883)
Net earnings (loss)		(14,933)		-		-		4,355		(4,165)		(14,743)
Less net earnings (loss) attributable to
noncontrolling interests		-		-		-		197		(7)		190
Net earnings (loss) attributable to
the Company		(14,933)		-		-		4,158		(4,158)		(14,933)
Other comprehensive income (loss)		(34)		-		-		(3,785)		3,785		(34)
Comprehensive income (loss) attributable
to the Company	$	(14,967)	$	-	$	-	$	373	$	(373)	$	(14,967)

Schedule Of Condensed Balance Sheet [Table Text Block]

CONDENSED CONSOLIDATING STATEMENT OF FINANCIAL POSITION
JUNE 30, 2016 (UNAUDITED)
		Parent						Non-
		Company		Subsidiary		Subsidiary		Guarantor		Consolidating
(In millions)		Guarantor		Issuer		Guarantor		Subsidiaries		Adjustments	Consolidated
Assets
Cash and equivalents	$	2,863	$	-	$	37	$	53,408	$	(4,185)	$	52,123
Investment securities		7		-		-		46,336		(6,623)		39,720
Receivables - net		67,759		17,077		61,339		73,581		(175,943)		43,813
Inventories		5,295		-		-		21,957		(2,528)		24,723
Property, plant and equipment - net		5,494		-		-		46,395		(1,453)		50,436
Investment in subsidiaries(a)		284,657		-		77,908		420,869		(783,434)		-
Goodwill and intangible assets		7,709		-		-		54,590		21,448		83,747
All other assets		15,293		1,558		1,019		227,904		(188,741)		57,033
Assets of discontinued operations		-		-		-		-		49,865		49,865
Total assets	$	389,078	$	18,635	$	140,303	$	945,039	$	(1,091,594)	$	401,461
Liabilities and equity
Short-term borrowings	$	166,625	$	-	$	47,814	$	31,729	$	(214,242)	$	31,927
Accounts payable		3,555		-		-		38,275		(28,715)		13,115
Other current liabilities		12,148		27		58		27,183		(674)		38,742
Long-term and non-recourse borrowings		78,035		18,361		62,445		84,118		(118,449)		124,509
All other liabilities		42,031		90		714		59,862		(13,665)		89,031
Liabilities of discontinued operations		-		-		-		-		14,384		14,384
Total Liabilities		302,394		18,478		111,031		241,166		(361,361)		311,708
Redeemable noncontrolling interests		-		-		-		2,266		803		3,070
GE shareowners' equity		84,991		158		29,271		699,629		(729,058)		84,991
Noncontrolling interests		1,693		-		-		1,977		(1,977)		1,693
Total equity		86,684		158		29,271		701,607		(731,036)		86,684
Total liabilities, redeemable
noncontrolling interests and equity	$	389,078	$	18,635	$	140,303	$	945,039	$	(1,091,594)	$	401,461

(a) Included within the subsidiaries of the Subsidiary Guarantor are cash and cash equivalent balances of $26.0 billion and net assets of discontinued operations of $24.9 billion.

CONDENSED CONSOLIDATING STATEMENT OF FINANCIAL POSITION
DECEMBER 31, 2015
		Parent						Non-
		Company		Subsidiary		Subsidiary		Guarantor		Consolidating
(In millions)		Guarantor		Issuer		Guarantor		Subsidiaries		Adjustments	Consolidated
Assets
Cash and equivalents	$	4,137	$	-	$	-	$	86,955	$	(20,609)	$	70,483
Investment securities		14		-		-		40,886		(8,927)		31,973
Receivables - net		88,696		33,232		69,306		75,909		(221,286)		45,856
Inventories		5,447		-		-		19,762		(2,694)		22,515
Property, plant and equipment - net		6,540		-		-		56,808		(9,253)		54,095
Investment in subsidiaries(a)		274,471		-		78,505		405,686		(758,662)		-
Goodwill and intangible assets		7,793		-		-		61,412		14,118		83,323
All other assets		15,732		11		915		247,611		(200,392)		63,876
Assets of discontinued operations		-		-		-		-		120,951		120,951
Total assets	$	402,828	$	33,242	$	148,725	$	995,029	$	(1,086,754)	$	493,071
Liabilities and equity
Short-term borrowings	$	145,051	$	16,204	$	71,862	$	60,601	$	(243,858)	$	49,860
Accounts payable		6,096		-		-		37,636		(30,052)		13,680
Other current liabilities		14,482		(1)		17		34,903		(7,860)		41,540
Long-term and non-recourse borrowings		97,471		16,423		46,392		105,801		(118,345)		147,742
All other liabilities		41,455		489		224		57,996		(9,514)		90,651
Liabilities of discontinued operations		-		-		-		-		46,487		46,487
Total Liabilities		304,555		33,115		118,495		296,937		(363,141)		389,961
Redeemable noncontrolling interests		-		-		-		2,888		84		2,972
GE shareowners' equity		98,274		127		30,230		693,589		(723,946)		98,274
Noncontrolling interests		-		-		-		1,616		248		1,864
Total equity		98,274		127		30,230		695,204		(723,697)		100,138
Total liabilities, redeemable
noncontrolling interests and equity	$	402,828	$	33,242	$	148,725	$	995,029	$	(1,086,754)	$	493,071

(a) Included within the subsidiaries of the Subsidiary Guarantor are cash and cash equivalent balances of $40.1 billion and net assets of discontinued operations of $40.0 billion.

Schedule Of Condensed Cash Flow Statement [Table Text Block]

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
SIX MONTHS ENDED JUNE 30, 2016 (UNAUDITED)
		Parent						Non-
		Company		Subsidiary		Subsidiary		Guarantor		Consolidating
(In millions)		Guarantor		Issuer		Guarantor		Subsidiaries		adjustments		Consolidated
Cash flows – operating activities
Cash from (used for) operating activities -
continuing operations	$	(21,092)	$	182	$	1,032	$	10,275	$	11,539	$	1,936
Cash from (used for) operating activities -
discontinued operations		(849)		-		(996)		(3,826)		821		(4,849)
Cash from (used for) operating activities		(21,941)		182		37		6,449		12,361		(2,913)
Cash flows – investing activities
Cash from (used for) investing activities –
continuing operations		17,416		16,084		7,995		97,631		(96,712)		42,414
Cash from (used for) investing activities –
discontinued operations		-		-		-		(10,646)		-		(10,646)
Cash from (used for) investing activities		17,416		16,084		7,995		86,985		(96,712)		31,768
Cash flows – financing activities
Cash from (used for) financing activities –
continuing operations		3,252		(16,265)		(7,995)		(142,451)		100,775		(62,685)
Cash from (used for) financing activities –
discontinued operations		-		-		-		(711)		-		(711)
Cash from (used for) financing activities		3,252		(16,265)		(7,995)		(143,162)		100,775		(63,396)
Effect of currency exchange rate changes
on cash and equivalents		-		-		-		(24)		-		(24)
Increase (decrease) in cash and equivalents		(1,274)		-		37		(49,752)		16,424		(34,565)
Cash and equivalents at beginning of year		4,137		-		-		107,350		(20,609)		90,878
Cash and equivalents at June 30		2,863		-		37		57,598		(4,185)		56,313
Less cash and equivalents of discontinued
operations at June 30		-		-		-		4,190		-		4,190
Cash and equivalents of continuing operations
at June 30	$	2,863	$	-	$	37	$	53,408	$	(4,185)	$	52,123

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
SIX MONTHS ENDED JUNE 30, 2015 (UNAUDITED)
		Parent						Non-
		Company		Subsidiary		Subsidiary		Guarantor		Consolidating
(In millions)		Guarantor		Issuer		Guarantor		Subsidiaries		adjustments		Consolidated
Cash flows – operating activities
Cash from (used for) operating activities -
continuing operations	$	(13,885)	$	-	$	-	$	66,152	$	(49,336)	$	2,932
Cash from (used for) operating activities -
discontinued operations		(11,879)		-		-		18,644		2,689		9,454
Cash from (used for) operating activities		(25,763)		-		-		84,795		(46,647)		12,385
Cash flows – investing activities
Cash from (used for) investing activities –
continuing operations		26,326		-		-		(120,772)		119,202		24,756
Cash from (used for) investing activities –
discontinued operations		-		-		-		(8,209)		-		(8,209)
Cash from (used for) investing activities		26,326		-		-		(128,981)		119,202		16,547
Cash flows – financing activities
Cash from (used for) financing activities –
continuing operations		(2,388)		-		-		58,236		(72,317)		(16,470)
Cash from (used for) financing activities –
discontinued operations		-		-		-		(2,240)		-		(2,240)
Cash from (used for) financing activities		(2,388)		-		-		55,996		(72,317)		(18,710)
Effect of currency exchange rate changes
on cash and equivalents		-		-		-		(2,887)		-		(2,887)
Increase (decrease) in cash and equivalents		(1,826)		-		-		8,923		238		7,336
Cash and equivalents at beginning of year		4,820		-		-		108,400		(22,203)		91,017
Cash and equivalents at June 30		2,994		-		-		117,324		(21,965)		98,353
Less cash and equivalents of discontinued
operations at June 30		-		-		-		19,992		-		19,992
Cash and equivalents of continuing operations
at June 30	$	2,994	$	-	$	-	$	97,331	$	(21,965)	$	78,360

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Supplemental Information (Derivatives) (Tables)

6 Months Ended

Jun. 30, 2016

Summary Of Derivative Instruments [Abstract]

Fair value of derivatives

FAIR VALUE OF DERIVATIVES
	June 30, 2016				December 31, 2015
(In millions)		Assets		Liabilities		Assets		Liabilities
Derivatives accounted for as hedges
Interest rate contracts	$	5,773	$	24	$	4,132	$	158
Currency exchange contracts		335		630		1,109		1,383
Other contracts		-		-		-		-
		6,108		653		5,241		1,541
Derivatives not accounted for as hedges
Interest rate contracts		119		101		119		44
Currency exchange contracts		1,196		3,700		1,715		4,048
Other contracts		286		23		315		49
		1,601		3,823		2,149		4,141
Gross derivatives recognized in statement of
financial position
Gross derivatives		7,709		4,477		7,391		5,681
Gross accrued interest		760		32		1,001		(13)
		8,469		4,509		8,392		5,668
Amounts offset in statement of financial position
Netting adjustments(a)		(2,978)		(2,969)		(4,326)		(4,326)
Cash collateral(b)		(3,843)		(861)		(1,784)		(642)
		(6,821)		(3,830)		(6,110)		(4,968)
Net derivatives recognized in statement of
financial position
Net derivatives		1,648		678		2,282		700
Amounts not offset in statement of
financial position
Securities held as collateral(c)		(1,038)		-		(1,277)		-
Net amount	$	610	$	678	$	1,005	$	700

(a) The netting of derivative receivables and payables is permitted when a legally enforceable master netting agreement exists. Amounts include fair value adjustments related to our own and counterparty non-performance risk. At June 30, 2016 and December 31, 2015, the cumulative adjustment for non-performance risk was $(9) million and insignificant, respectively.

(b) Excluded excess cash collateral received and posted of $61 million and $79 million at June 30, 2016, respectively, and $48 million and $379 million at December 31, 2015, respectively.

(c) Excluded excess securities collateral received of $54 million and $107 million at June 30, 2016 and December 31, 2015, respectively.

Cash flow hedges

CASH FLOW HEDGE ACTIVITY
					Gain (loss) reclassified
	Gain (loss) recognized in AOCI				from AOCI into earnings
	for the three months ended June 30				for the three months ended June 30
(In millions)	2016		2015		2016		2015
Interest rate contracts	$	12	$	(7)	$	(26)	$	(22)
Currency exchange contracts		1		452		40		437
Commodity contracts		(1)		1		(1)		-
Total(a)	$	12	$	446	$	14	$	415

CASH FLOW HEDGE ACTIVITY
					Gain (loss) reclassified
	Gain (loss) recognized in AOCI				from AOCI into earnings
	for the six months ended June 30				for the six months ended June 30
(In millions)	2016		2015		2016		2015
Interest rate contracts	$	31	$	(10)	$	(55)	$	(61)
Currency exchange contracts		(77)		(625)		(13)		(520)
Commodity contracts		-		(2)		(3)		(1)
Total(a)	$	(45)	$	(637)	$	(71)	$	(582)

(a) Gain (loss) is recorded in GE Capital revenues from services, interest and other financial charges, and other costs and expenses when reclassified to earnings.

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Operating Segment Table - MDA (Details) - USD ($) $ in Millions		3 Months Ended				6 Months Ended
		Jun. 30, 2016		Jun. 30, 2015		Jun. 30, 2016		Jun. 30, 2015
Segment Reporting Information [Line Items]
Revenues		$ 33,494		$ 29,226		$ 61,339		$ 55,466
Interest and other financial charges		(1,326)		(713)		(3,062)		(1,331)
Benefit (provision) for income taxes		(479)		(799)		(340)		(7,093)
Earnings (loss) from continuing operations attributable to GE common shareowners		3,281		1,679		3,492		(2,869)
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent		(541)		(2,947)		(849)		(11,883)
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations		3		92		3		181
Earnings (loss) from discontinued operations, net of taxes		(541)		2,947		(849)		(11,883)
Earnings (loss) from discontinued operations, net of tax and noncontrolling interest		(544)		(3,039)		(852)		(12,064)
Net Income (Loss) Available to Common Stockholders, Basic		$ 2,738		(1,360)		$ 2,639		(14,933)
Variance in revenues		15.00%				11.00%
Variance in earnings (loss) from continuing operations		95.00%
Variance earnings loss continued operations fav unfav						F
Variance earnings (loss) from discontinued operations net of taxes		82.00%				93.00%
Variance net earnings loss attributable to company fav unfav		F				F
Variance in earnings from discontinued operations net of tax and noncontrolling interest		82.00%				93.00%
Variance net earnings (loss) attributable to noncontrolling interest		(97.00%)				(98.00%)
GE
Segment Reporting Information [Line Items]
Revenues	[1]	$ 30,604		26,578		$ 55,210		44,748
Interest and other financial charges	[1]	(567)		(414)		(1,007)		(803)
Benefit (provision) for income taxes	[1]	(648)		(583)		(849)		(890)
Earnings (loss) from continuing operations attributable to GE common shareowners	[1]	3,281		1,679		3,492		(2,869)
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent		(544)		(3,039)		(852)	[2]	(12,064)	[2]
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations		0	[1]	0	[1]	0		0
Earnings (loss) from discontinued operations, net of taxes	[1]	(544)		(3,039)		(852)		(12,064)
Net Income (Loss) Available to Common Stockholders, Basic	[1]	2,738		(1,360)		2,639		(14,933)
GE Capital
Segment Reporting Information [Line Items]
Revenues		2,771		2,690		5,656		5,556
Interest and other financial charges		(958)		(423)		(2,389)		(762)
Benefit (provision) for income taxes		168		(216)		509		(6,203)
Earnings (loss) from continuing operations attributable to GE common shareowners		(600)		(493)		(1,492)		(6,215)
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent		(541)		(2,944)		(849)		(11,879)
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations		3		92		3		181
Earnings (loss) from discontinued operations, net of taxes		(541)		(2,944)		(849)		(11,879)
Net Income (Loss) Available to Common Stockholders, Basic		(1,143)		(3,529)		(2,344)		(18,274)
Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues		31,401		29,516		60,155		56,744
Operating Income (Loss)		3,523		3,862		5,944		1,700
Interest and other financial charges		(567)		(414)		(1,007)		(803)
Benefit (provision) for income taxes		(648)		(583)		$ (849)		(890)
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent		$ (541)		(2,947)				(11,883)
Variance in revenues		6.00%				6.00%
Variance in segment profit		(9.00%)
Variance segment profit favorable unfavorable						F
Power | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues		$ 6,639		5,055		$ 11,843		9,667
Operating Income (Loss)		$ 1,140		1,046		$ 1,714		1,803
Variance in revenues		31.00%				23.00%
Variance in segment profit		9.00%				(5.00%)
Renewable Energy | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues		$ 2,094		1,641		$ 3,763		2,669
Operating Income (Loss)		$ 128		144		$ 211		201
Variance in revenues		28.00%				41.00%
Variance in segment profit		(11.00%)				5.00%
Oil & Gas | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues		$ 3,219		4,118		$ 6,533		8,157
Operating Income (Loss)		$ 320		613		$ 628		1,102
Variance in revenues		(22.00%)				(20.00%)
Variance in segment profit		(48.00%)				(43.00%)
Energy Connections | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues		$ 2,734		1,768		$ 4,994		3,453
Operating Income (Loss)		$ 35		82		$ (49)		110
Variance in revenues		55.00%				45.00%
Variance in segment profit		(57.00%)
Variance segment profit favorable unfavorable						U
Aviation | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues		$ 6,511		6,251		$ 12,774		11,926
Operating Income (Loss)		$ 1,348		1,269		$ 2,872		2,583
Variance in revenues		4.00%				7.00%
Variance in segment profit		6.00%				11.00%
Healthcare | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues		$ 4,525		4,337		$ 8,708		8,412
Operating Income (Loss)		$ 782		704		$ 1,413		1,292
Variance in revenues		4.00%				4.00%
Variance in segment profit		11.00%				9.00%
Transporation | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues		$ 1,240		1,420		$ 2,222		2,728
Operating Income (Loss)		$ 273		331		$ 437		556
Variance in revenues		(13.00%)				(19.00%)
Variance in segment profit		(18.00%)				(21.00%)
Appliances & Lighting | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues		$ 1,667		2,236		$ 3,663		4,177
Operating Income (Loss)		$ 96		165		$ 211		268
Variance in revenues		(25.00%)				(12.00%)
Variance in segment profit		(42.00%)				(21.00%)
GE Industrial | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues		$ 28,630		26,826		$ 54,499		51,188
Operating Income (Loss)		$ 4,122		4,355		$ 7,437		7,915
Variance in revenues		7.00%				6.00%
Variance in segment profit		(5.00%)				(6.00%)
Capital
Segment Reporting Information [Line Items]
Variance in segment profit						76.00%
Capital | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues		$ 2,771		2,690		$ 5,656		5,556
Operating Income (Loss)		$ (600)		(493)		$ (1,492)		(6,215)
Variance in revenues		3.00%				2.00%
Corporate | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues		$ 2,093		(290)		$ 1,184		(1,278)
Operating Income (Loss)		$ 974		$ (1,185)		$ (597)		$ (2,876)

[1] Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis. See Note 1.

[2] Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis.

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Summary of Significant Accounting Policies (Accounting Policies) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Accounting Change [Line Items]
Noncontrolling Interest Portion Of Accumulated Other Comprehensive Income And Other	$ 39	$ (2)	$ (40)	$ 95
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount	6,110		6,110
Unamortized Debt Issuance Costs					$ 674
Investment in Unconsolidated VIEs [Member]
Accounting Change [Line Items]
Noncontrolling Interest Portion Of Accumulated Other Comprehensive Income And Other			123
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount	$ 6,316		$ 6,316		$ 787

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Businesses Held for Sale and Discontinued Operations (Assets and Liabilities of Businesses Held for Sale) (Details) - USD ($) $ in Millions			6 Months Ended
	Jul. 01, 2016	Jun. 06, 2016	Jun. 30, 2016	Jun. 30, 2015	Mar. 30, 2016	Dec. 31, 2015	Dec. 03, 2015	Dec. 31, 2014
Assets
Current receivables(a)			$ 25,128			$ 27,022
Assets of discontinued operations			49,865			120,951
Liabilities
Liabilities of discontinued operations			14,384			46,487
Additional disclosures
Proceeds from sale of business			5,609	$ 222
Preferred stock, value, issued			6	$ 4,949		6	$ 5,944	$ 5,000
Held for sale
Assets
Current receivables(a)			35			79
Inventories			0			583
Property, plant and equipment - net			12			1,208
Goodwill			0			370
Intangible Assets - Net			6			162
Other			6			416
Assets of discontinued operations			59			2,818
Liabilities
Accounts payable(a)			6			503
Other current liabilities			32			325
Other			17			33
Liabilities of discontinued operations			56			$ 861
Held for sale | GEAM
Additional disclosures
Proceeds from sale of business	$ 436
Additional proceeds from sale	$ 48
Assets Under Management Carrying Amount					$ 100,000
Held for sale | IP
Liabilities
Liabilities of discontinued operations			0
Held for sale | Appliances
Additional disclosures
Proceeds from sale of business		$ 5,568
Gain on sale of business net of tax		$ 1,834
Held for sale | Financing Receivable | Appliances
Liabilities
Liabilities of discontinued operations			$ 0

XML

Businesses Held for Sale and Discontinued Operations (Discontinued Operations) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Total
Earnings (loss) from discontinued operations, net of taxes	$ (541)	$ 2,947	$ (849)	$ (11,883)
Assets
Cash and cash equivalents	4,190		4,190		$ 20,395
Financing receivables - net	1,994		1,994		3,205
Assets of discontinued operations	49,865		49,865		120,951
Liabilities
Liabilities of discontinued operations	14,384		14,384		46,487
Additional information abstract
Other Liabilities	21,475		21,475		23,611
Transitional Service Agreements [Member]
Additional information abstract
Other Commitment	1,492		1,492
Other Liabilities	163		163
Credit support amount	111		111
Discontinued operations
Operations
Total revenues and other income (loss)	568	6,829	1,861	12,289
Earnings (loss) from discontinued operations before income taxes, attributable to the company	(240)	1,950	(160)	(2,743)
Benefit (provision) for income taxes	170	(493)	182	442
Income (Loss) from Discontinued Operations, Net of Taxes	(70)	1,457	22	(2,301)
Total
Gain (loss) on disposal before income taxes	(295)	(3,384)	(540)	(7,036)
Benefit (provision) for income taxes	(177)	(1,021)	(331)	(2,546)
Gain (loss) on disposal, net of taxes	(472)	(4,405)	(871)	(9,582)
Earnings (loss) from discontinued operations, net of taxes	(541)	(2,947)	(849)	(11,883)
Assets
Cash and cash equivalents	4,190		4,190		20,395
Investment securities	6,141		6,141		8,478
Financing receivables - net	1,994		1,994		3,205
Other receivables	881		881		1,221
Property, plant and equipment - net	845		845		7,537
Goodwill	1,591		1,591		7,764
Intangible Assets - Net	34		34		80
Deferred income taxes	2,101		2,101		2,447
Financing receivables held for sale	31,106		31,106		69,847
Valuation allowance on disposal group	(3,062)		(3,062)		(6,374)
Other	4,044		4,044		6,350
Assets of discontinued operations	49,865		49,865		120,951
Liabilities
Short-term borrowings	609		609		739
Accounts payable	1,352		1,352		2,870
Non-recourse borrowings	40		40		3,994
Bank deposits	4,545		4,545		25,613
Long-term borrowings	558		558		730
All other liabilities	6,983		6,983		11,053
Deferred income taxes	248		248		1,437
Other	49		49		52
Liabilities of discontinued operations	14,384		14,384		$ 46,487
Discontinued operations | GE Capital Exit Plan
Operations
Earnings (loss) from discontinued operations before income taxes, attributable to the company	$ (537)	$ (1,525)	$ (703)	$ (9,960)

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Businesses Held for Sale and Discontinued Operations (Discontinued Operations by Business) (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended		12 Months Ended
	Jun. 30, 2016	Mar. 31, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Operations
Provision for losses on financing receivables				$ (510)	$ 1,076
Investment Contracts Insurance Losses And Insurance Annuity Benefits	$ 776		$ 657	1,417	1,270
Other costs and expenses	303		287	562	578
Total
Earnings (loss) from discontinued operations, net of taxes	(541)		2,947	$ (849)	(11,883)
Additional disclosures
Stock repurchased during period				142,474,019
Proceeds from Divestiture of Businesses				$ 5,609	222
Discontinued operations
Operations
Revenues and other income (loss)	568		6,829	1,861	12,289
Earnings (loss) from discontinued operations before income taxes, attributable to the company	(240)		1,950	(160)	(2,743)
Benefit (provision) for income taxes	170		(493)	182	442
Earnings (loss) from discontinued operations, net of taxes	(70)		1,457	22	(2,301)
Total
Gain (loss) on disposal before income taxes	(295)		(3,384)	(540)	(7,036)
Benefit (provision) for income taxes	(177)		(1,021)	(331)	(2,546)
Gain (loss) on disposal of discontinued operations	(472)		(4,405)	(871)	(9,582)
Earnings (loss) from discontinued operations, net of taxes	(541)		(2,947)	(849)	(11,883)
Discontinued operations | Consumer
Operations
Revenues and other income (loss)	258		3,527	685	5,585
Interest expense	(46)		(573)	(97)	(1,184)
Selling, general and administrative expenses	(158)		(1,104)	(335)	(2,172)
Cost of services sold	0		0	0	0
Provision for losses on financing receivables	0		(761)	0	(3,869)
Investment Contracts Insurance Losses And Insurance Annuity Benefits	(1)		(4)	(1)	(6)
Other costs and expenses	(62)		(114)	(64)	(240)
Earnings (loss) from discontinued operations before income taxes, attributable to the company	(9)		971	188	(1,886)
Benefit (provision) for income taxes	0		(168)	(101)	(8)
Earnings (loss) from discontinued operations, net of taxes	(9)		803	87	(1,894)
Total
Gain (loss) on disposal before income taxes	164		0	153	0
Benefit (provision) for income taxes	(164)		0	(240)	0
Gain (loss) on disposal of discontinued operations	0		0	(87)	0
Earnings (loss) from discontinued operations, net of taxes	(9)		803	0	(1,894)
Discontinued operations | CLL
Operations
Revenues and other income (loss)	314		3,070	1,201	5,973
Interest expense	(126)		(641)	(403)	(1,343)
Selling, general and administrative expenses	(421)		(1,046)	(1,046)	(1,942)
Cost of services sold	0		(403)	0	(1,735)
Provision for losses on financing receivables	0		(13)	(3)	(1,757)
Other costs and expenses	(23)		1	(15)	(96)
Earnings (loss) from discontinued operations before income taxes, attributable to the company	(256)		967	(265)	(900)
Benefit (provision) for income taxes	140		(309)	214	315
Earnings (loss) from discontinued operations, net of taxes	(116)		658	(51)	(585)
Total
Gain (loss) on disposal before income taxes	(465)		(3,380)	(630)	(5,225)
Benefit (provision) for income taxes	(10)		(949)	(154)	(1,927)
Gain (loss) on disposal of discontinued operations	(475)		(4,329)	(784)	(7,152)
Earnings (loss) from discontinued operations, net of taxes	(591)		(3,671)	(835)	(7,737)
Discontinued operations | Real Estate business
Operations
Revenues and other income (loss)	15		313	25	812
Interest expense	(13)		(137)	(35)	(373)
Selling, general and administrative expenses	(24)		(130)	(77)	(224)
Cost of services sold	0		0	0	(5)
Provision for losses on financing receivables	0		0	0	4
Other costs and expenses	(7)		(14)	(6)	(141)
Earnings (loss) from discontinued operations before income taxes, attributable to the company	(29)		32	(94)	74
Benefit (provision) for income taxes	38		13	57	43
Earnings (loss) from discontinued operations, net of taxes	9		45	(37)	117
Total
Gain (loss) on disposal before income taxes	6		(3)	(63)	(1,811)
Benefit (provision) for income taxes	(3)		(72)	62	(619)
Gain (loss) on disposal of discontinued operations	3		(75)	(1)	(2,430)
Earnings (loss) from discontinued operations, net of taxes	12		(30)	(38)	(2,313)
Discontinued operations | GE Capital Exit Plan [Member]
Operations
Earnings (loss) from discontinued operations before income taxes, attributable to the company	(537)		(1,525)	(703)	(9,960)
Discontinued operations | GE Capital Exit Plan [Member] | Consumer
Operations
Earnings (loss) from discontinued operations before income taxes, attributable to the company	153		882	339	(2,062)
Discontinued operations | GE Capital Exit Plan [Member] | CLL
Operations
Earnings (loss) from discontinued operations before income taxes, attributable to the company	(722)		(2,415)	(897)	(6,128)
Discontinued operations | GE Capital Exit Plan [Member] | Real Estate business
Operations
Earnings (loss) from discontinued operations before income taxes, attributable to the company	(23)		29	(156)	(1,738)
GE Capital
Operations
Investment Contracts Insurance Losses And Insurance Annuity Benefits	815		706	1,486	1,347
Other costs and expenses	313		300	581	590
Total
Earnings (loss) from discontinued operations, net of taxes	$ (541)		$ (2,944)	(849)	(11,879)
Additional disclosures
Proceeds from Divestiture of Businesses				$ 0	$ 0
GE Capital | CLL
Additional disclosures
Proceeds from Divestiture of Businesses		$ 0
GE Capital | Real Estate business
Additional disclosures
Proceeds from Divestiture of Businesses						$ 0

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Businesses Held for Sale and Discontinued Operations (WMC) (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016 USD ($)	Jun. 30, 2015 USD ($)	Jun. 30, 2016 USD ($) Lawsuits	Jun. 30, 2015 USD ($)	Dec. 31, 2015 USD ($)
Financial Information For Businesses Held For Sale [Line Items]
Earnings (loss) from discontinued operations, net of taxes	$ (541)	$ (2,947)	$ (849)	$ (11,883)
WMC
Financial Information For Businesses Held For Sale [Line Items]
Adjustment For Pending Claims For Unmet Representations And Warranties					$ 27
Lawsuit Relating To Representations And Warranties Amount Of Mortgages					9,954
Number Of Securitizations Related To Lawsuits Involving repurchase Claims On Loans In Which Adverse Parties Are Securitization Trustees			13
Revenues and other income (loss)	(18)	(5)	$ (58)	(5)
Earnings (loss) from discontinued operations, net of taxes	$ (20)	$ (10)	$ (52)	$ (16)
Number Of Lawsuits Involving Repurchase Claims On Loans | Lawsuits			14
WMC | Lower Limit
Financial Information For Businesses Held For Sale [Line Items]
Increase To Reserve For Claims For Unmet Representations And Warranties For Adverse Effect In Assumptions					0
WMC | Upper Limit
Financial Information For Businesses Held For Sale [Line Items]
Increase To Reserve For Claims For Unmet Representations And Warranties For Adverse Effect In Assumptions					$ 500

XML

Businesses Held for Sale and Discontinued Operations (Rollforward of the Reserve) (Details) - WMC - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Financial Information For Discontinued Operations [Line Items]
Reserve, beginning of period	$ 833	$ 814	$ 875	$ 809	$ 809
Provision	27	11	84	18
Claim resolutions	0	0	(99)	(2)
Reserve, end of period	860	$ 825	860	$ 825	875
Pending claims, beginning of period			2,887
New claims			7,266		8,047
Pending claims, end of period	2,688		2,688		$ 2,887
Claims Relating To Alleged Breaches Of Representations That Are Beyond Applicable Statute Of Llimitations	$ 110		$ 110

XML

Investment Securities (Investment) (Details) - USD ($) $ in Millions		6 Months Ended	12 Months Ended
		Jun. 30, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Amortized cost		$ 34,367	$ 28,783
Gross unrealized gains		5,486	3,599
Gross unrealized losses		(133)	(409)
Estimated fair value		39,720	31,973
Investments		39,720	31,973
Eliminations
Schedule of Available-for-sale Securities [Line Items]
Amortized cost		(4)	(4)
Gross unrealized gains		0	0
Gross unrealized losses		0	0
Estimated fair value		(4)	(4)
Mortgage-backed Securities, Issued by Private Enterprises [Member]
Schedule of Available-for-sale Securities [Line Items]
Investments		19
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Schedule of Available-for-sale Securities [Line Items]
Investments		535
GE
Schedule of Available-for-sale Securities [Line Items]
Amortized cost		103	139
Gross unrealized gains		11	14
Gross unrealized losses		(4)	(2)
Estimated fair value		110	151
Investments	[1]	110	151
GE | US Corporate
Schedule of Available-for-sale Securities [Line Items]
Amortized cost		4	2
Gross unrealized gains		0	0
Gross unrealized losses		0	0
Estimated fair value		4	3
GE | Corporate - non-U.S.
Schedule of Available-for-sale Securities [Line Items]
Amortized cost		9	1
Gross unrealized gains		0	0
Gross unrealized losses		0	0
Estimated fair value		9	1
GE | U.S. Government and federal agency
Schedule of Available-for-sale Securities [Line Items]
Amortized cost		49	49
Gross unrealized gains		1	0
Gross unrealized losses		0	0
Estimated fair value		50	49
GE | Available-for-sale Securities
Schedule of Available-for-sale Securities [Line Items]
Amortized cost		41	87
Gross unrealized gains		10	13
Gross unrealized losses		(4)	(2)
Estimated fair value		47	98
GE Capital
Schedule of Available-for-sale Securities [Line Items]
Amortized cost		34,268	28,648
Gross unrealized gains		5,475	3,585
Gross unrealized losses		(128)	(407)
Estimated fair value		39,615	31,827
Investments		39,615	31,827
GE Capital | US Corporate
Schedule of Available-for-sale Securities [Line Items]
Amortized cost		20,718	19,971
Gross unrealized gains		4,177	2,669
Gross unrealized losses		(51)	(285)
Estimated fair value		24,844	22,355
GE Capital | State and municipal
Schedule of Available-for-sale Securities [Line Items]
Amortized cost		3,885	3,910
Gross unrealized gains		731	407
Gross unrealized losses		(48)	(73)
Estimated fair value		4,568	4,245
GE Capital | Mortgage and asset-backed
Schedule of Available-for-sale Securities [Line Items]
Amortized cost		2,957	2,995
Gross unrealized gains		188	157
Gross unrealized losses		(23)	(35)
Estimated fair value		3,122	3,116
GE Capital | Corporate - non-U.S.
Schedule of Available-for-sale Securities [Line Items]
Amortized cost		5,299	759
Gross unrealized gains		108	96
Gross unrealized losses		(4)	(9)
Estimated fair value		5,402	846
GE Capital | Government - non-U.S.
Schedule of Available-for-sale Securities [Line Items]
Amortized cost		608	279
Gross unrealized gains		156	136
Gross unrealized losses		(1)	0
Estimated fair value		764	415
GE Capital | U.S. Government and federal agency
Schedule of Available-for-sale Securities [Line Items]
Amortized cost		694	623
Gross unrealized gains		96	104
Gross unrealized losses		0	0
Estimated fair value		790	727
GE Capital | Available-for-sale Securities
Schedule of Available-for-sale Securities [Line Items]
Amortized cost		107	112
Gross unrealized gains		19	16
Gross unrealized losses		(1)	(4)
Estimated fair value		$ 125	$ 123

[1] Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis. See Note 1.

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Investment Securities (Investments, by type and length in continuous loss position) (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Available-for-sale Securities Estimated Fair Value And Gross Unrealized Losses [Abstract]
Estimated fair value, less than 12 months	$ 1,226	$ 4,271
Gross unrealized losses, less than 12 months	(21)	(268)
Estimated fair value, 12 months or more	1,048	686
Gross unrealized losses, 12 months or more	(111)	(140)
US Corporate
Available-for-sale Securities Estimated Fair Value And Gross Unrealized Losses [Abstract]
Estimated fair value, less than 12 months	229	2,966
Gross unrealized losses, less than 12 months	(9)	(218)
Estimated fair value, 12 months or more	689	433
Gross unrealized losses, 12 months or more	(42)	(67)
State and municipal
Available-for-sale Securities Estimated Fair Value And Gross Unrealized Losses [Abstract]
Estimated fair value, less than 12 months	0	494
Gross unrealized losses, less than 12 months	0	(20)
Estimated fair value, 12 months or more	159	155
Gross unrealized losses, 12 months or more	(48)	(53)
Mortgage-backed Securities, Residential, Subprime, Financing Receivable [Member]
Available-for-sale Securities Estimated Fair Value And Gross Unrealized Losses [Abstract]
Debt securities, Estimated fair value	53
Mortgage and asset-backed
Available-for-sale Securities Estimated Fair Value And Gross Unrealized Losses [Abstract]
Estimated fair value, less than 12 months	250	719
Gross unrealized losses, less than 12 months	(6)	(20)
Estimated fair value, 12 months or more	168	84
Gross unrealized losses, 12 months or more	(17)	(16)
Corporate - non-U.S.
Available-for-sale Securities Estimated Fair Value And Gross Unrealized Losses [Abstract]
Estimated fair value, less than 12 months	718	56
Gross unrealized losses, less than 12 months	0	(4)
Estimated fair value, 12 months or more	31	14
Gross unrealized losses, 12 months or more	(4)	(4)
Equity Securities
Available-for-sale Securities Estimated Fair Value And Gross Unrealized Losses [Abstract]
Estimated fair value, less than 12 months	28	36
Gross unrealized losses, less than 12 months	(5)	(6)
Estimated fair value, 12 months or more	0	0
Gross unrealized losses, 12 months or more	0	0
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Available-for-sale Securities Estimated Fair Value And Gross Unrealized Losses [Abstract]
Debt securities, Estimated fair value	535
Mortgage-backed Securities, Issued by Private Enterprises [Member]
Available-for-sale Securities Estimated Fair Value And Gross Unrealized Losses [Abstract]
Debt securities, Estimated fair value	19
GE Capital | Equity Securities
Available-for-sale Securities Estimated Fair Value And Gross Unrealized Losses [Abstract]
Estimated fair value, less than 12 months	18	6
Gross unrealized losses, less than 12 months	$ (4)	$ (2)

XML

Investment Securities (Impairments) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Pre-tax, Other-Than-Temporary Impairments on Investment Securities
Total pre tax, OTTI recognized	$ 1	$ 29	$ 18	$ 32
Less: pre-tax, OTTI recognized in AOCI	0	0	0	0
Pre-tax, OTTI recognized in earnings	1	29	18	32
Other Than Temporary Impairment Related To Equity Securities	$ 1	$ 0	$ 9	$ 0

XML

Investment Securities (Contractual maturities) (Details) $ in Millions	Jun. 30, 2016 USD ($)
Amortized cost
Within one year	$ 5,218
After one year through five years	3,901
After five years through ten years	4,521
After ten years	17,626
Estimated fair value
Within one year	5,226
After one year through five years	4,167
After five years through ten years	5,070
After ten years	$ 21,968

XML

Investment Securities (Gross Realized Gain Losses) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Schedule of Available-for-sale Securities [Line Items]
Total	$ 24	$ (28)	$ 2	$ 50
Available-for-sale Securities, Gross Realized Gains (Losses), Sale Proceeds	624	540	868	2,597
GE
Schedule of Available-for-sale Securities [Line Items]
Gains	1	1	5	1
Losses, including impairments	(1)	(14)	(10)	(14)
Total	0	(13)	(5)	(13)
GE Capital
Schedule of Available-for-sale Securities [Line Items]
Gains	35	6	36	97
Losses, including impairments	(11)	(21)	(30)	(35)
Total	$ 24	$ (15)	$ 6	$ 63

XML

Current Receivables (Details) - USD ($) $ in Millions		Jun. 30, 2016	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total		$ 25,128	$ 27,022
GE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	[1]	$ 13,992	$ 14,707

[1] Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis. See Note 1.

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Inventories (Details) - USD ($) $ in Millions		Jun. 30, 2016	Dec. 31, 2015
Inventory
Total		$ 24,723	$ 22,515
GE
Inventory
Raw materials and work in process		14,650	13,415
Finished goods		9,305	8,265
Unbilled shipments		512	628
Inventory, Gross, Total		24,467	22,308
Less revaluation to LIFO		257	207
Total	[1]	24,652	22,449
GE Capital
Inventory
Total		$ 71	$ 66

[1] Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis. See Note 1.

XML

Financing Receivables and Allowance for Losses on Financing Receivables (Details) - USD ($) $ in Millions		Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables, net		$ 12,001	$ 12,052
Assets	[1]	401,461	493,071
GE Capital
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables, net of deferred income		24,071	25,084
Allowance for losses		(74)	(81)	$ (91)	$ (93)
Financing receivables, net		23,998	25,003
Assets		219,352	311,508
GE Capital | Loans receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables, net of deferred income		19,045	20,115
GE Capital | Financing Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables, net of deferred income		$ 5,027	$ 4,969

[1] (a) O ur consolidated assets at June 30, 2016 included total assets of $7,651 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 $4,368 million and investment securities of $1,516 million w ithin continuing operations and assets of discontinued operations of $464 million. Our consolidated liabilities at June 30, 2016 included liabilities of certain VIEs for which the VIE creditors do not have recourse to GE. These liabilities included non-recourse borrowings of consolidated securitization entities (CSEs) of $2,005 million within continuing operations and non-recourse borrowings of CSEs within discontinued operations of $40 million. See Note 16.

XML

Financing Receivables and Allowance for Losses on Financing Receivables (Financing Receivables by Portfolio) (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables, net	$ 12,001	$ 12,052
Intersegment Activity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables, net	11,800	12,900
GE Capital
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables, net of deferred income	24,071	25,084
Allowance for losses	(74)	(81)	$ (91)	$ (93)
Financing receivables, net	$ 23,998	$ 25,003

XML

Financing Receivables and Allowance for Losses on Financing Receivables (Allowance for Losses on Financing Receivables) (Details) - GE Capital - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance	$ 81	$ 93
Provision charged	19	29
Net write-offs	(26)	(40)
Other	0	9
Ending Balance	$ 74	$ 91

XML

Financing Receivables and Allowance for Losses on Financing Receivables (Credit Quality) (Details) - GE Capital - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Impaired Loans [Abstract]
Impaired loans classified as Troubled debt restructuring (TDR)	$ 99
Impaired Financing Receivable, Recorded Investment	263	$ 175
Greater than 90 days past due [Member]
Past Due Financing Receivables
Financing receivable investment past due	$ 483	$ 201
Percent of Financing Receivable, Recorded Investment, Past Due Over 90 Days	2.00%	0.80%
Greater than 30 days past due [Member]
Past Due Financing Receivables
Financing receivable investment past due	$ 1,036	$ 622
Percent of Financing Receivable, Recorded Investment, Past Due Over 30 Days	4.30%	2.50%
Nonaccrual Financing Receivables [Member]
Nonaccrual Financing Receivables
Nonaccrual loans	$ 354	$ 256
Percent Financing Receivable, Recorded Investment, Nonaccrual Status	1.50%	1.00%
Amount of nonaccrual loans currently paying in accordance with contractual terms	$ 102

XML

Property, Plant and Equipment (Details) - USD ($) $ in Millions		Jun. 30, 2016	Dec. 31, 2015
Property, Plant and Equipment
Property, Plant and Equipment, Gross		$ 86,317	$ 90,023
Property, plant and equipment - net		50,436	54,095
GE
Property, Plant and Equipment
Property, plant and equipment - net	[1]	19,540	20,145
GE Capital
Property, Plant and Equipment
Property, plant and equipment - net		$ 31,628	$ 34,781

[1] Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis. See Note 1.

XML

Property, Plant and Equipment (Narratives) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Property, Plant and Equipment
Original cost	$ 86,317		$ 86,317		$ 90,023
Accumulated depreciation and amortization	(35,881)		(35,881)		(35,928)
Depreciation and amortization	1,294	$ 1,188	2,505	$ 2,289
Property, plant and equipment - net	50,436		50,436		54,095
GE Capital
Property, Plant and Equipment
Property, plant and equipment - net	$ 31,628		$ 31,628		$ 34,781

XML

Acquisitions, Goodwill and Other Intangible Assets (Aquisitions) (Details) € in Millions, $ in Millions			6 Months Ended
	Nov. 02, 2015 EUR (€)	Nov. 02, 2015 USD ($)	Jun. 30, 2016 USD ($)	Jun. 30, 2015 USD ($)
Payments To Acquire Businesses And Interest In Affiliates [Abstract]
Payments to Acquire Businesses, Net of Cash Acquired			$ 206	$ 1,723
Acquisition Alstom
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets [Abstract]
Cash And Equivalents			1,750
Current Receivables			4,050
Inventory			4,750
Property Plant And Equipment			2,900
Goodwill			14,750
Intangible Assets Other			4,500
Other Assets			3,950
Total Assets			36,650
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities [Abstract]
Account Payable			1,900
Progress Collections			2,950
Accrued Contract Liabilities			8,600
All Other Liabilities			7,700
Total Liabilities			21,150
Redeemable Noncontrolling Interest Equity			3,000
Acquisition noncontrolling interest fair value		$ 3,600	600
Payments To Acquire Businesses And Interest In Affiliates [Abstract]
Payments To Acquire Businesses Gross			11,900
Cash acquired from acquisition	€ 1,600	1,765	1,750
Payments to Acquire Businesses, Net of Cash Acquired	€ 9,200	$ 10,124	10,100
Assumed Deferred Tax Assets			450
Assumed Loss Carry Forward			50
Assumed Indemnification Receivables			150
Unrecognized Tax Benefits Increases Resulting From Acquisition			750
Assumed employee related costs			$ 750

XML

Acquisitions, Goodwill and Other Intangible Assets (Goodwill) (Details) € in Millions, $ in Millions			6 Months Ended
	Nov. 02, 2015 EUR (€)	Nov. 02, 2015 USD ($)	Jun. 30, 2016 USD ($)	Jun. 30, 2015 USD ($)	Mar. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)	Nov. 02, 2015 USD ($)	Mar. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)
Goodwill [Line Items]
Goodwill (Note 7)			$ 67,097			$ 65,526
Payments to Acquire Businesses, Net of Cash Acquired			206	$ 1,723
Increase (Decrease) in Intangible Assets, Current			1,138
Intangible assets subject to amortization			16,550			17,688
Indefinite-lived intangible assets			100			109
Total			16,650			17,797
Dispositions, currency exchange and other			79
Implied Fair Value Of Goodwill Exceeding Carrying Value Of Goodwill							$ 13,700
Goodwill, Acquired During Period			1,492
Goodwill, period increase (decrease)			1,571
Goodwill Translation And Purchase Accounting Adjustments [Abstract]
Increase (Decrease) in Inventories			2,629	1,149
Increase (Decrease) in Accounts Receivable			(1,879)	(1,603)
Redeemable noncontrolling interest			3,070	79	$ 3,036	2,972		$ 73	$ 98
Acquisition Alstom
Goodwill [Line Items]
Goodwill (Note 7)			14,750			13,500
Payments to Acquire Businesses, Net of Cash Acquired	€ 9,200	$ 10,124	10,100
Cash acquired from acquisition	1,600	$ 1,765	1,750
Intangible assets subject to amortization			4,500			5,200
Acquisition agreement including sale of some assets after close | €	€ 120
Acquisition noncontrolling interest fair value			$ 600				$ 3,600
Annual accretion expense			3.00%
Customer Contract Liabilities			$ 1,200			1,100
Goodwill Translation And Purchase Accounting Adjustments [Abstract]
Increase Decrease In Book Value Of Assets To Ansaldo			400
Increase Decrease In Derivative Assets And Liabilities			350
Increase (Decrease) in Inventories			350
Increase Legal Reserves			300
Property Plant And Equipment Gross Period Increase Decrease			200
Increase (Decrease) in Accounts Receivable			150
Increase Decrease In Redeemable Noncontrolling Interests			100
Increase Decrease In Other Noncontrolling Interests			100
All Other Noncontrolling Interests			600			700
Redeemable noncontrolling interest			$ 3,000			2,900
Grid Technology And Renewable Energy Joint Venture [Member] | Acquisition Alstom
Goodwill [Line Items]
Annual accretion expense			3.00%
Nuclear and French Steam Power Joint Venture [Member] | Acquisition Alstom
Goodwill [Line Items]
Annual accretion expense			2.00%
Grid Technology | Acquisition Alstom
Goodwill [Line Items]
Investment interest redemption period start date			Sep. 01, 2018
Investment interest redemption period end date			Sep. 30, 2019
Renewable Energy | Acquisition Alstom
Goodwill [Line Items]
Investment interest redemption period start date			May 01, 2016
Investment interest redemption period end date			May 30, 2019
GE Capital
Goodwill [Line Items]
Goodwill (Note 7)			$ 2,370			2,370
Payments to Acquire Businesses, Net of Cash Acquired			0	1,677
Total			356			435
Goodwill Translation And Purchase Accounting Adjustments [Abstract]
Increase (Decrease) in Inventories			(6)	(3)
Increase (Decrease) in Accounts Receivable			0	$ 0
Redeemable noncontrolling interest			$ 0			$ 0

XML

Acquisitions, Goodwill and Other Intangible Assets (Goodwill Rollforward) (Details) $ in Millions	6 Months Ended
	Jun. 30, 2016 USD ($)
Goodwill [Line Items]
Goodwill, Beginning Balance	$ 65,526
Acquisitions	1,492
Dispositions, currency exchange and other	79
Goodwill, Ending Balance	67,097
Power
Goodwill [Line Items]
Goodwill, Beginning Balance	16,736
Acquisitions	1,147
Dispositions, currency exchange and other	(24)
Goodwill, Ending Balance	17,859
Renewable Energy
Goodwill [Line Items]
Goodwill, Beginning Balance	2,580
Acquisitions	28
Dispositions, currency exchange and other	(11)
Goodwill, Ending Balance	2,596
Oil & Gas
Goodwill [Line Items]
Goodwill, Beginning Balance	10,594
Acquisitions	0
Dispositions, currency exchange and other	7
Goodwill, Ending Balance	10,601
Energy Connections
Goodwill [Line Items]
Goodwill, Beginning Balance	6,227
Acquisitions	156
Dispositions, currency exchange and other	30
Goodwill, Ending Balance	6,412
Aviation
Goodwill [Line Items]
Goodwill, Beginning Balance	8,567
Acquisitions	0
Dispositions, currency exchange and other	67
Goodwill, Ending Balance	8,635
Healthcare
Goodwill [Line Items]
Goodwill, Beginning Balance	17,353
Acquisitions	98
Dispositions, currency exchange and other	(15)
Goodwill, Ending Balance	17,436
Transporation
Goodwill [Line Items]
Goodwill, Beginning Balance	851
Acquisitions	0
Dispositions, currency exchange and other	7
Goodwill, Ending Balance	858
Appliances & Lighting
Goodwill [Line Items]
Goodwill, Beginning Balance	214
Acquisitions	64
Dispositions, currency exchange and other	17
Goodwill, Ending Balance	295
Capital
Goodwill [Line Items]
Goodwill, Beginning Balance	2,370
Acquisitions	0
Dispositions, currency exchange and other	1
Goodwill, Ending Balance	2,370
Corporate
Goodwill [Line Items]
Goodwill, Beginning Balance	34
Acquisitions	0
Dispositions, currency exchange and other	(1)
Goodwill, Ending Balance	$ 34

XML

Acquisitions, Goodwill and Other Intangible Assets (Other Intangible Assets, Net) (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Acquisitions, Goodwill and Intangible Assets Disclosure [Abstract]
Intangible assets subject to amortization	$ 16,550	$ 17,688
Indefinite-lived intangible assets	100	109
Total	$ 16,650	$ 17,797

XML

Acquisitions, Goodwill and Other Intangible Assets (Intangible Assets Subject to Amortization) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 27,728		$ 27,728		$ 28,098
Accumulated amortization	(11,177)		(11,177)		(10,408)
Net	16,550		16,550		17,688
Intangible Assets, Net (Excluding Goodwill)	16,650		16,650		17,797
Increase (Decrease) in Intangible Assets, Current			1,138
Amortization expense	450	$ 314	896	$ 643
Finite-Lived Intangible Assets, Net, Estimated Amortization Expense
Adjustments related to Present Value of Future Profits	253		253		266
GE Capital
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Net (Excluding Goodwill)	356		356		435
Amortization expense	37	$ 31	70	$ 26
Acquisition Alstom
Finite-Lived Intangible Assets [Line Items]
Net	4,500		4,500		5,200
Customer-related
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	9,321		9,321		9,758
Accumulated amortization	(2,297)		(2,297)		(2,113)
Net	7,024		7,024		7,645
Patents and technology
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	8,497		8,497		8,543
Accumulated amortization	(3,358)		(3,358)		(3,096)
Net	5,139		5,139		5,447
Capitalized software
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	7,529		7,529		7,375
Accumulated amortization	(4,339)		(4,339)		(4,136)
Net	3,190		3,190		3,239
Trademarks
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	1,257		1,257		1,337
Accumulated amortization	(314)		(314)		(282)
Net	944		944		1,055
Lease valuations
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	125		125		167
Accumulated amortization	(47)		(47)		(22)
Net	78		78		145
PVFP
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	668		668		651
Accumulated amortization	(668)		(668)		(651)
Net	0		0		0
All other
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	330		330		267
Accumulated amortization	(155)		(155)		(108)
Net	$ 175		$ 175		$ 159

XML

Contract Assets and All Other Assets (Details) - USD ($) $ in Millions		Jun. 30, 2016	Dec. 31, 2015
Investments [Abstract]
Assets held for sale		$ 59	$ 2,818
All other assets		31,274	36,797
GE
Investments [Abstract]
Assets held for sale	[1]	59	2,818
Time deposits		3,550	10,386
All other assets	[1]	12,569	12,813
GE | Other Assets
Contract Assets [Line Items]
Contract asset		23,458	21,156
Investments [Abstract]
Billings in excess of revenue		2,948	2,602
GE Capital
Investments [Abstract]
Assets held for sale		0	0
All other assets		$ 19,930	$ 25,081

[1] Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis. See Note 1.

XML

Borrowings Table (Details) - USD ($) $ in Millions		Jun. 30, 2016	Dec. 31, 2015	Dec. 02, 2015
Borrowings [Line Items]
Short-term borrowings		$ 31,927	$ 49,860
Long-term borrowings		122,504	144,659
Short-term borrowings and long-term borrowings		156,436	197,602
Funding secured by real estate, aircraft and other collateral		4,882
Intersegment
Borrowings [Line Items]
Long-term borrowings		(54,266)	(67,128)
Intercompany Payable To GE
Borrowings [Line Items]
Long-term borrowings		65,200		$ 92,600
Other Short Term Borrowing
Borrowings [Line Items]
Funding secured by real estate, aircraft and other collateral		2,567	2,679
Short-term Borrowings | Intersegment
Borrowings [Line Items]
Short-term borrowings		(12,141)	(18,549)
Non-Recourse Debt | Consolidated Securitization Entities
Borrowings [Line Items]
Long-term borrowings		2,005	3,083
GE
Borrowings [Line Items]
Short-term borrowings	[1],[2]	19,384	19,792
Long-term borrowings	[1],[2]	70,134	83,309
Debt excluding assumed debt		19,331	19,331
GE | Commercial Paper
Borrowings [Line Items]
Short-term borrowings		1,000	500
GE | Current Portion Of Long Term Borrowings
Borrowings [Line Items]
Short-term borrowings		16,183	17,770
GE | Other Short Term Borrowing
Borrowings [Line Items]
Short-term borrowings		2,202	1,522
GE | Senior Notes
Borrowings [Line Items]
Long-term borrowings		63,925	72,471
GE | Subordinated Notes
Borrowings [Line Items]
Long-term borrowings		2,910	2,940
GE | Subordinated Debentures
Borrowings [Line Items]
Long-term borrowings		2,347	6,600
GE | Other Long Term Borrowing
Borrowings [Line Items]
Long-term borrowings		952	1,298
GE Capital
Borrowings [Line Items]
Short-term borrowings	[1]	24,683	48,617
Long-term borrowings	[1]	106,636	128,478
Non-recourse borrowings (Note 8)		1,475	1,534
GE Capital | Commercial Paper | US
Borrowings [Line Items]
Short-term borrowings		5,002	650
GE Capital | Commercial Paper | Non U.S.
Borrowings [Line Items]
Short-term borrowings		0	4,351
GE Capital | Current Portion Of Long Term Borrowings
Borrowings [Line Items]
Short-term borrowings		8,485	24,969
Long-term borrowings		1,193	918
GE Capital | Intercompany Payable To GE
Borrowings [Line Items]
Short-term borrowings		11,040	17,642
Long-term borrowings		54,146	67,062
Short-term borrowings and long-term borrowings		5,002
GE Capital | Intercompany Payable To GE | Intersegment
Borrowings [Line Items]
Long-term borrowings		65,186
GE Capital | Other Short Term Borrowing
Borrowings [Line Items]
Short-term borrowings		156	1,005
GE Capital | Short-term Borrowings
Borrowings [Line Items]
Short-term borrowings		24,683	48,617
GE Capital | Senior Notes
Borrowings [Line Items]
Long-term borrowings		50,266	59,107
GE Capital | Subordinated Notes
Borrowings [Line Items]
Long-term borrowings		329	251
GE Capital | Subordinated Debentures | Trust Assets Unconditionally Guaranteed by GE
Borrowings [Line Items]
Long-term borrowings		2,347
GE Capital | Other Long Term Borrowing
Borrowings [Line Items]
Long-term borrowings		$ 1,895	$ 2,058

[1] 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. The short-term borrowings were $ 11,040 million (which includes an offset of $5,002 million short-term loan from GE Capital to GE ) and $17,642 million and t he long-term borrowings were $54,146 million and $67,062 million at June 30 , 2016 and December 31, 2015, respectively. See Note 9 for additional information.

[2] Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis. See Note 1.

XML

Borrowings (GE Capital Debt Exchange) (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2015	Jun. 30, 2016	Dec. 02, 2015
Borrowings [Line Items]
Short-term borrowings		$ 49,860	$ 31,927
Long-term borrowings		144,659	122,504
Short-term borrowings and long-term borrowings		197,602	156,436
Unamortized Debt Issuance Costs		674
Intercompany Payable To GE [Member]
Borrowings [Line Items]
Long-term borrowings			65,200	$ 92,600
Intercompany Payable To GE [Member] | Borrowings Assumed By GE
Borrowings [Line Items]
Long-term borrowings			70,200
Borrowings with unamortized debt issance costs [Member]
Borrowings [Line Items]
Short-term borrowings		33
Long-term borrowings		641
GE
Borrowings [Line Items]
Short-term borrowings	[1],[2]	19,792	19,384
Long-term borrowings	[1],[2]	83,309	70,134
GE | Current Portion Of Long Term Borrowings [Member]
Borrowings [Line Items]
Short-term borrowings		17,770	16,183
GE | Commercial Paper [Member]
Borrowings [Line Items]
Short-term borrowings		500	1,000
GE | Other Short Term Borrowing
Borrowings [Line Items]
Short-term borrowings		1,522	2,202
GE | Subordinated Notes
Borrowings [Line Items]
Long-term borrowings		2,940	2,910
GE | Subordinated Debentures
Borrowings [Line Items]
Long-term borrowings		6,600	2,347
GE | Other Long Term Borrowing [Member]
Borrowings [Line Items]
Long-term borrowings		1,298	952
GE Capital
Borrowings [Line Items]
Short-term borrowings	[1]	48,617	24,683
Long-term borrowings	[1]	128,478	106,636
GE Capital | Current Portion Of Long Term Borrowings [Member]
Borrowings [Line Items]
Short-term borrowings		24,969	8,485
Long-term borrowings		918	1,193
GE Capital | Other Short Term Borrowing
Borrowings [Line Items]
Short-term borrowings		1,005	156
GE Capital | Subordinated Notes
Borrowings [Line Items]
Long-term borrowings		251	329
GE Capital | Intercompany Payable To GE [Member]
Borrowings [Line Items]
Short-term borrowings		17,642	11,040
Long-term borrowings		67,062	54,146
Short-term borrowings and long-term borrowings			5,002
GE Capital | Intercompany Payable To GE [Member] | Borrowings Guaranteed By GE
Borrowings [Line Items]
Long-term borrowings			54,500
GE Capital | Other Long Term Borrowing [Member]
Borrowings [Line Items]
Long-term borrowings		$ 2,058	$ 1,895

[1] 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. The short-term borrowings were $ 11,040 million (which includes an offset of $5,002 million short-term loan from GE Capital to GE ) and $17,642 million and t he long-term borrowings were $54,146 million and $67,062 million at June 30 , 2016 and December 31, 2015, respectively. See Note 9 for additional information.

[2] Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis. See Note 1.

XML

Borrowings (Narrative) (Details) $ in Millions, £ in Billions			6 Months Ended
	Oct. 26, 2015 GBP (£)	Oct. 26, 2015 USD ($)	Jun. 30, 2016 USD ($)	Dec. 31, 2015 USD ($)	Dec. 02, 2015 USD ($)
Debt Conversion [Abstract]
Outstanding notes being tendered for exchange and settled		$ 36,000
Outstanding principal		31,000
Premium		5,000
Short-term borrowings			$ 31,927	$ 49,860
0.964% six months notes due in 2016
Debt Conversion [Abstract]
Outstanding notes being tendered for exchange and settled		$ 15,300
Debt Conversion Converted Instrument Rate	0.964%	0.964%
Debt Conversion Converted Instrument Expiration Or Due Month and Year	Apr. 30, 2016	Apr. 30, 2016
1.363% six months notes due in 2016
Debt Conversion [Abstract]
Outstanding notes being tendered for exchange and settled | £	£ 0.8
Debt Conversion Converted Instrument Rate	1.363%	1.363%
Debt Conversion Converted Instrument Expiration Or Due Month and Year	Apr. 30, 2016	Apr. 30, 2016
2.342% notes due in 2020
Debt Conversion [Abstract]
Outstanding notes being tendered for exchange and settled		$ 6,100
Debt Conversion Converted Instrument Rate	2.342%	2.342%
Debt Conversion Converted Instrument Expiration Or Due Date Year	2020	2020
3.373% notes due in 2025
Debt Conversion [Abstract]
Outstanding notes being tendered for exchange and settled		$ 2,000
Debt Conversion Converted Instrument Rate	3.373%	3.373%
Debt Conversion Converted Instrument Expiration Or Due Date Year	2025	2025
4.418% notes due in 2035
Debt Conversion [Abstract]
Outstanding notes being tendered for exchange and settled		$ 11,500
Debt Conversion Converted Instrument Rate	4.418%	4.418%
Debt Conversion Converted Instrument Expiration Or Due Date Year	2035	2035
Six Months Notes due 4/15/2016 [Member]
LongTermDebtOtherDisclosuresAbstract
Debt Instrument, Maturity Date			Apr. 15, 2016
Debt Conversion [Abstract]
Short-term borrowings			$ 16,400
Intercompany Payable To GE [Member] | Intersegment Elimination [Member]
Debt Conversion [Abstract]
Short-term borrowings			$ 5,000
Intercompany Payable To GE [Member] | Six Months Notes
Debt Conversion [Abstract]
Long-term borrowings					$ 14,900

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Postretirement Benefit Plans (Cost of Pension Plans) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Principal pension plans
Defined Benefit Plan Disclosure [Line Items]
Service cost for benefits earned	$ 291	$ 367	$ 606	$ 728
Prior service cost amortization	76	51	152	103
Expected return on plan assets	(836)	(827)	(1,670)	(1,652)
Interest cost on benefit obligation	735	696	1,469	1,391
Net actuarial gain (loss) amortization	612	820	1,224	1,645
Curtailment loss	(1)	0	(1)	71
Pension plans costs	877	1,107	1,780	2,286
Other pension plans
Defined Benefit Plan Disclosure [Line Items]
Service cost for benefits earned	118	95	231	200
Prior service cost amortization	0	0	1	0
Expected return on plan assets	(259)	(205)	(522)	(414)
Interest cost on benefit obligation	168	130	340	263
Net actuarial gain (loss) amortization	65	71	129	145
Pension plans costs	92	91	177	194
Principal retiree benefit plans
Defined Benefit Plan Disclosure [Line Items]
Service cost for benefits earned	27	51	52	92
Prior service cost amortization	41	(34)	82	(67)
Expected return on plan assets	(11)	(12)	(22)	(24)
Interest cost on benefit obligation	63	100	126	201
Net actuarial gain (loss) amortization	(14)	2	(27)	3
Curtailment loss	0	196	0	192
Pension plans costs	$ 24	$ (21)	$ 47	$ 147

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Income Taxes (Balance of unrecognized tax benefits) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Income Tax Disclosure [Line Items]
Unrecognized tax benefits	$ 6,572		$ 6,572		$ 6,778
Portion that, if recognized, would reduce tax expense and effective tax rate	4,164		4,164		4,723
Accrued interest on unrecognized tax benefits	945		945		805
Accrued penalties on unrecognized tax benefits	135		135		98
Benefit (provision) for income taxes	(479)	$ (799)	(340)	$ (7,093)
Lower Limit
Income Tax Disclosure [Line Items]
Portion that, if recognized, would reduce tax expense and effective tax rate	0		0		0
Reasonably possible reduction to the balance of unrecognized tax benefits in succeeding 12 months lower limit	0		0		0
Upper Limit
Income Tax Disclosure [Line Items]
Portion that, if recognized, would reduce tax expense and effective tax rate	800		800		200
Reasonably possible reduction to the balance of unrecognized tax benefits in succeeding 12 months lower limit	$ 1,400		$ 1,400		$ 700

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Shareowners' Equity (Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Benefit (provision) for income taxes	$ (479)	$ (799)	$ (340)	$ (7,093)
Other comprehensive income, net of tax	810	4,170	1,636	(70)
Less Other comprehensive income (loss) attributable to noncontrolling interests	3	12	6	(36)
Accumulated Other Comprehensive Income (Loss) Ending balance	(14,898)	(18,206)	(14,898)	(18,206)
Investment Securities
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss) Beginning balance	680	1,245	460	1,013
Other comprehensive income (OCI) before reclassifications - net of deferred taxes	419	(692)	578	(405)
OCI before reclassification tax	222	(365)	304	(210)
Benefit (provision) for income taxes	(9)	3	31	(26)
Reclassification from OCI net of deferred taxes	(21)	10	39	(44)
Other comprehensive income, net of tax	397	(682)	617	(449)
Less Other comprehensive income (loss) attributable to noncontrolling interests	0	1	0	0
Accumulated Other Comprehensive Income (Loss) Ending balance	1,077	564	1,077	564
Currency Translation Adjustment
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss) Beginning balance	(5,500)	(7,716)	(5,499)	(2,427)
Other comprehensive income (OCI) before reclassifications - net of deferred taxes	26	1,511	141	(3,828)
OCI before reclassification tax	(50)	(201)	217	1,343
Benefit (provision) for income taxes	(39)	(150)	80	(151)
Reclassification from OCI net of deferred taxes	29	304	(85)	307
Other comprehensive income, net of tax	55	1,815	57	(3,521)
Less Other comprehensive income (loss) attributable to noncontrolling interests	3	13	6	(34)
Accumulated Other Comprehensive Income (Loss) Ending balance	(5,448)	(5,914)	(5,448)	(5,914)
Cash Flow Hedge
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss) Beginning balance	(26)	(226)	(80)	(180)
Other comprehensive income (OCI) before reclassifications - net of deferred taxes	(15)	433	(40)	(493)
OCI before reclassification tax	2	42	(5)	4
Benefit (provision) for income taxes	(4)	(68)	1	49
Reclassification from OCI net of deferred taxes	(10)	(347)	69	533
Other comprehensive income, net of tax	(25)	86	30	40
Less Other comprehensive income (loss) attributable to noncontrolling interests	0	0	0	0
Accumulated Other Comprehensive Income (Loss) Ending balance	(51)	(140)	(51)	(140)
Benefit Plans [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss) Beginning balance	(10,859)	(15,667)	(11,410)	(16,578)
Other comprehensive income, net of tax	382	2,951	933	3,860
Prior Service credit (costs)- net of deferred taxes	0	2,090	23	2,090
Net actuarial gain (loss), Tax	(65)	204	(43)	269
Net actuarial gain (loss) - net of deferred taxes	(80)	349	(12)	559
Prior service credit (costs), tax	0	1,194	5	1,194
Net curtailment/settlement, tax	0	(71)	0	(44)
Net curtailment/settlement - net of deferred taxes	(1)	(125)	(1)	(77)
Prior service cost amortization, tax	20	38	41	75
Prior service cost amortization - net of deferred taxes	17	51	33	101
Net actuarial loss amortization, tax	217	301	433	605
Net actuarial loss amortization - net of deferred taxes	447	586	890	1,187
Less Other comprehensive income (loss) attributable to noncontrolling interests	0	0	(1)	(2)
Accumulated Other Comprehensive Income (Loss) Ending balance	$ (10,476)	$ (12,716)	$ (10,476)	$ (12,716)

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Shareowners' Equity (Reclass Out of Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Benefit (provision) for income taxes	$ (479)	$ (799)	$ (340)	$ (7,093)
Net earnings (loss)	2,804	(1,134)	2,874	(14,743)
Costs and Expenses	(29,670)	(26,614)	(57,276)	(51,233)
Financial Services Revenue	2,316	2,390	4,838	4,804
Interest and other financial charges	(1,326)	(713)	(3,062)	(1,331)
Earnings (loss) from continuing operations before income taxes	3,824	2,612	4,063	4,233
Earnings (loss) from discontinued operations, net of taxes	(541)	(2,947)	(849)	(11,883)
Currency Translation Adjustment
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Benefit (provision) for income taxes	(39)	(150)	80	(151)
Net earnings (loss)	(29)	(304)	85	(307)
Gain (loss) on disposition of business	10	(154)	5	(156)
Currency Translation Adjustment | Discontinued Operations [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Benefit (provision) for income taxes	(39)	(137)	80	(137)
Gain (loss) on disposition of business	77	4	71	4
Cash Flow Hedge
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Benefit (provision) for income taxes	(4)	(68)	1	49
Net earnings (loss)	10	347	(69)	(533)
Earnings (loss) from continuing operations before income taxes	14	415	(71)	(582)
Cash Flow Hedge | Interest Rate Contracts
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Interest and other financial charges	(26)	(22)	(55)	(61)
Cash Flow Hedge | Currency Exchange Contracts
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Interest and other financial charges	37	430	(5)	(528)
Cash Flow Hedge | Currency Exchange Contracts | Discontinued Operations [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Interest Income (Expense), Net	(17)	26	(36)	12
Financial Services Revenue	53	404	31	(540)
Cash Flow Hedge | Other Contract [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Costs and Expenses	2	7	(11)	7
Pension Plans
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Benefit (provision) for income taxes	237	268	474	636
Net earnings (loss)	(463)	(512)	(922)	(1,211)
Curtailment gain (loss)	1	196	1	121
Defined Benefit Plan, Amortization of Gains (Losses)	(664)	(887)	(1,323)	(1,792)
Prior service cost amortization	(37)	(89)	(74)	(176)
Earnings (loss) from continuing operations before income taxes	(700)	(780)	(1,396)	(1,847)
Reclassification out of AOCI
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Net earnings (loss)	(461)	(479)	(946)	(2,007)
Reclassification out of AOCI | Available-for-sale Securities
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Other Income	30	(13)	(70)	70
Benefit (provision) for income taxes	(9)	3	31	(26)
Net earnings (loss)	21	(10)	(39)	44
Reclassification out of AOCI | Available-for-sale Securities | Discontinued Operations [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Other Income	6	15	(72)	17
Benefit (provision) for income taxes	$ (1)	$ (7)	$ 31	$ (6)

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Shareowners' Equity (Shares of GE Preferred Stock) (Details) - USD ($) $ in Millions	Jun. 30, 2016		Mar. 31, 2016	[1]	Jan. 20, 2016	Dec. 31, 2015		Dec. 03, 2015	Jun. 30, 2015		Mar. 31, 2015	[1]	Dec. 31, 2014
Shares of Preferred Stock
Preferred stock, value, issued	$ 6					$ 6		$ 5,944	$ 4,949				$ 5,000
Preferred Stock, Shares Outstanding	5,944,250					0
Noncontrolling interests	$ 1,693	[1]	$ 1,667			$ 1,864	[1]		$ 8,776	[1]	$ 8,738		$ 8,674
Preferred stock
Shares of Preferred Stock
Preferred Stock, Shares Outstanding													50,000
Series A
Shares of Preferred Stock
Preferred stock, value, issued	91				$ 2,687			2,778
Series B
Shares of Preferred Stock
Preferred stock, value, issued	64				2,008			2,073
Series C
Shares of Preferred Stock
Preferred stock, value, issued	95				999			1,094
Series D
Shares of Preferred Stock
Preferred stock, value, issued					$ 5,694			$ 5,944
Series D | Preferred stock
Shares of Preferred Stock
Preferred stock, value, issued	5,944
GE Capital
Shares of Preferred Stock
Preferred stock, value, issued	6					6
Noncontrolling interests	$ 451					$ 486
GE Capital | Preferred stock
Shares of Preferred Stock
Preferred Stock, Shares Outstanding													50,000
Synchrony Financial | Preferred stock
Shares of Preferred Stock
Preferred Stock, Shares Outstanding									2,700,000,000

[1] (c) Included AOCI attributable to noncontrolling interests of $(259) mi llion and $(264) million at June 30, 2016 and December 31, 2015 , respectively.

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Shareowners' Equity (Shares of GE Preferred Stock - Other) (Details) - USD ($) $ in Millions			3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 18, 2015	Dec. 03, 2015	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2014	Jan. 20, 2016	Dec. 31, 2015
Class Of Stock [Line Items]
Preferred stock value (5,944,250 shares outstanding at June 30, 2016 and December 31, 2015)		$ 5,944	$ 6	$ 4,949	$ 6	$ 4,949	$ 5,000		$ 6
Average dividend rate		4.07%					6.44%
Special dividend paid by finance subsidiary to parent				$ 0
Quarterly dividends paid by GECC to GE			3,500		11,000	$ 450
Dividends preferred stock cash			120		185
Accretion of dividends					89
Dividends preferred stock total			152		441
Series A, B and C
Class Of Stock [Line Items]
Preferred stock value (5,944,250 shares outstanding at June 30, 2016 and December 31, 2015)			5,216		5,216
Series A
Class Of Stock [Line Items]
Preferred stock value (5,944,250 shares outstanding at June 30, 2016 and December 31, 2015)		$ 2,778	91		91			$ 2,687
Series B
Class Of Stock [Line Items]
Preferred stock value (5,944,250 shares outstanding at June 30, 2016 and December 31, 2015)		2,073	64		64			2,008
Series C
Class Of Stock [Line Items]
Preferred stock value (5,944,250 shares outstanding at June 30, 2016 and December 31, 2015)		1,094	$ 95		95			999
Initial fixed interest	5.00%
Series D
Class Of Stock [Line Items]
Preferred stock value (5,944,250 shares outstanding at June 30, 2016 and December 31, 2015)		$ 5,944						$ 5,694
Floating Rate	3.33%
Dividends preferred stock cash					37
Accretion of dividends					195
Dividends preferred stock total					$ 232

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Shareowners' Equity (Shares of GE Common Stock) (Details) - USD ($) $ / shares in Units, $ in Millions	6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Shares Of GE Common Stock
Increase in stock repurchase program number of shares authorized to be repurchased	4,250,000,000
Payments for repurchase of common stock	$ 13,728
Stock repurchased during period	142,474,019
Stock repurchase program authorized amount to be repurchased	$ 750
Common Stock, Shares, Outstanding	8,961,233,000	9,379,288,000
Common Stock, Par or Stated Value Per Share	$ 0.06

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Shareowners' Equity (Noncontrolling Interests) (Details) - USD ($) $ in Millions		3 Months Ended				6 Months Ended
		Jun. 30, 2016		Jun. 30, 2015		Jun. 30, 2016		Jun. 30, 2015	Dec. 31, 2015	Dec. 03, 2015	Dec. 31, 2014
Noncontrolling Interest [Line Items]
Preferred stock value (5,944,250 shares outstanding at June 30, 2016 and December 31, 2015)		$ 6		$ 4,949		$ 6		$ 4,949	$ 6	$ 5,944	$ 5,000
Changes To Noncontrolling Interest
Beginning balance		1,667	[1]	8,738	[1]	1,864	[1]	8,674
Net earnings (loss)		1		223		(68)		192
GECC preferred stock		0		(161)		0		(161)
Dividends		(14)		(16)		(21)		(18)
Dispositions		0		(6)		(42)		(6)
AOCI and other		39		(2)		(40)		95
Ending balance	[1]	$ 1,693		$ 8,776		1,693		$ 8,776
GEAM
Changes To Noncontrolling Interest
AOCI and other						$ (123)

[1] (c) Included AOCI attributable to noncontrolling interests of $(259) mi llion and $(264) million at June 30, 2016 and December 31, 2015 , respectively.

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Shareowners' Equity (RNCI) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Redeemable Noncontrolling Interest [Line Items]
Redeemable noncontrolling interest balance at January 1	$ 3,036	$ 73	$ 2,972	$ 98
Net earnings	(86)	3	(139)	(2)
Dividends	0	(1)	(9)	(11)
Redemption value adjustment	79	1	(110)	(1)
Other(a)	42	3	135	(7)
Redeemable noncontrolling interest ending balance	3,070	$ 79	3,070	$ 79
Acquisition Alstom
Redeemable Noncontrolling Interest [Line Items]
Redeemable noncontrolling interest balance at January 1			2,900
Redeemable noncontrolling interest ending balance	$ 3,000		$ 3,000

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Shareowners' Equity (Other) (Details) - USD ($)	6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Accelerated Share Repurchases [Line Items]
Repurchase program authorized amount	$ 750,000,000
Accelerated share repurchases initial price paid	$ 5,000,000,000
Accelerated share repurchases initial delivery of shares	142,474,019
Accelerated share repurchases settlement payment or receipt	$ 6,264,000,000
Treasury stock value	76,124,000,000	$ 63,539,000,000
Unsettled contract determined to be forward contract indexed to issuers equity	$ 0
Remaining shares related to ASR received	10,222,022
March 2016 with Deutsche Bank
Accelerated Share Repurchases [Line Items]
Treasury stock value	$ 4,250,000,000

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Earnings Per Share Information (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Amount attributable to the Company:
Earnings (loss) from continuing operations for per-share calculation, Diluted	$ 3,427	$ 1,677	$ 3,925	$ (2,875)
Preferred stock dividends declared, Diluted	(152)	0	(441)	0
Earnings from continuing operations attributable to common shareowners for per-share calculation, Diluted	3,275	1,677	3,484	(2,875)
Earnings (loss) from discontinued operations for per-share calculation, Diluted	(543)	(3,034)	(855)	(12,070)
Net earnings (loss) attributable to GE common shareowners for per-share calculation, Diluted	2,732	(1,357)	2,631	(14,939)
Earnings (loss) from continuing operations for per-share calculation, basic	3,430	1,677	3,927	(2,875)
Preferred stock dividends	(152)	0	(441)	0
Earnings from continuing operations attributable to common shareowners for per share calculation basic	3,278	1,677	3,486	(2,875)
Earnings (loss) from discontinued operations for per-share calculation, basic	(540)	(3,034)	(852)	(12,070)
Net earnings (loss) attributable to GE common shareowners for per-share calculation, Basic	$ 2,735	$ (1,357)	$ 2,634	$ (14,939)
Average equivalent shares
Shares of GE common stock outstanding, Diluted	9,079,000,000	10,087,000,000	9,179,000,000	10,077,000,000
Employee compensation-related shares (including stock options) and warrants, Diluted	85,000,000	71,000,000	85,000,000	0
Total average equivalent shares, Diluted	9,164,000,000	10,158,000,000	9,264,000,000	10,077,000,000
Shares of GE common stock outstanding, Basic	9,079,000,000	10,087,000,000	9,179,000,000	10,077,000,000
Employee compensation-related shares (including stock options) and warrants, Basic	0	0	0	0
Total average equivalent shares, Basic	9,079,000,000	10,087,000,000	9,179,000,000	10,077,000,000
Per-share amounts
Earnings (loss) from continuing operations-Diluted	$ 0.36	$ 0.17	$ 0.38	$ (0.29)
Earnings (loss) from discontinued operations-Diluted	(0.06)	(0.3)	(0.09)	(1.2)
Net earnings (loss)-Diluted	0.3	(0.13)	0.28	(1.48)
Earnings (loss) from continuing operations-Basic	0.36	0.17	0.38	(0.29)
Earnings (loss) from discontinued operations-Basic	(0.06)	(0.3)	(0.09)	(1.2)
Net earnings (loss)-Basic	$ 0.3	$ (0.13)	$ 0.29	$ (1.48)
Outstanding anti-dilutive stock awards not included in computation of diluted earnings per share	25,000,000	94,000,000	28,000,000	364,000,000
Accelerated share repurchases initial delivery of shares			142,474,019

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Fair Value Measurements (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Cumulative Gain (Loss) Adjustment For Non Performance Risk	$ (9)
Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	40,608	$ 33,512
Liabilities	1,778	1,895
Recurring | Derivative liabilities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	646	713
Recurring | Other Liabilities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	1,132	1,182
Recurring | Derivatives
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	888	1,281
Cumulative Gain (Loss) Adjustment For Non Performance Risk	(9)
Recurring | Other Assets
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets		259
US Corporate | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	24,848	22,358
State and municipal | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	4,568	4,245
Mortgage and asset-backed | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	3,122	3,116
Corporate - non-U.S. | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	5,412	847
Fair Value Of Securities Transferred Between Level 1 And Level 2	12
Government - non-U.S. | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	764	415
U.S. Government and federal agency | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	839	776
Fair Value Of Securities Transferred Between Level 1 And Level 2	50
Equity | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	167	217
Level 1 | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	143	260
Liabilities	0	0
Level 1 | Recurring | Derivative liabilities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	0	0
Level 1 | Recurring | Other Liabilities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	0	0
Level 1 | Recurring | Derivatives
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
Level 1 | Recurring | Other Assets
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets		0
Level 1 | US Corporate | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
Level 1 | State and municipal | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
Level 1 | Mortgage and asset-backed | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
Level 1 | Corporate - non-U.S. | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	12
Level 1 | Government - non-U.S. | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	5
Level 1 | U.S. Government and federal agency | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	49
Level 1 | Equity | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	143	194
Level 2 | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	43,226	35,331
Liabilities	5,606	6,860
Level 2 | Recurring | Derivative liabilities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	4,474	5,677
Level 2 | Recurring | Other Liabilities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	1,132	1,182
Level 2 | Recurring | Derivatives
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	7,669	7,312
Level 2 | Recurring | Other Assets
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets		0
Level 2 | US Corporate | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	21,426	19,351
Level 2 | State and municipal | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	4,536	4,215
Level 2 | Mortgage and asset-backed | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	3,115	3,084
Level 2 | Corporate - non-U.S. | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	5,168	544
Level 2 | Government - non-U.S. | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	764	410
Level 2 | U.S. Government and federal agency | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	532	404
Level 2 | Equity | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	16	9
Level 3 | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	4,060	4,033
Liabilities	3	4
Level 3 | Recurring | Derivative liabilities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	3	4
Level 3 | Recurring | Other Liabilities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	0	0
Level 3 | Recurring | Derivatives
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	40	79
Level 3 | Recurring | Other Assets
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets		259
Level 3 | US Corporate | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	3,422	3,006
Level 3 | State and municipal | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	32	30
Level 3 | Mortgage and asset-backed | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	8	32
Level 3 | Corporate - non-U.S. | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	244	290
Level 3 | Government - non-U.S. | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
Level 3 | U.S. Government and federal agency | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	307	323
Level 3 | Equity | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	8	13
Netting Adjustment | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	(6,821)	(6,110)
Liabilities	(3,830)	(4,968)
Netting Adjustment | Recurring | Derivative liabilities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	(3,830)	(4,968)
Netting Adjustment | Recurring | Other Liabilities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	0	0
Netting Adjustment | Recurring | Derivatives
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	(6,821)	(6,110)
Netting Adjustment | Recurring | Other Assets
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets		0
Netting Adjustment | US Corporate | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
Netting Adjustment | State and municipal | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
Netting Adjustment | Mortgage and asset-backed | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
Netting Adjustment | Corporate - non-U.S. | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
Netting Adjustment | Government - non-U.S. | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
Netting Adjustment | U.S. Government and federal agency | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
Netting Adjustment | Equity | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	$ 0	$ 0

XML

Fair Value Measurements (Changes in Level 3 Instruments) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Cash Accruals Not Included In Schedule Assets Measured For Fair Value On Recurring Basis	$ 0	$ 11	$ 0	$ 11
Level 3 | Recurring
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Changes in Level 3, beginning balance	3,859	4,183	4,042	4,175
Net realized/unrealized gains (losses) included in earnings	(4)	(23)	(12)	(44)
Net realized/unrealized gains (losses) included in accumulated other comprehensive income	158	(161)	221	(74)
Purchases	183	92	243	187
Sales	(82)	(51)	(87)	(157)
Settlements	(82)	(35)	(90)	(80)
Transfers into Level 3	18	40	7	41
Transfers out of Level 3	8	(27)	(267)	(27)
Changes in Level 3, ending balance	4,057	4,020	4,057	4,020
Net change in unrealized gains (losses) relating to instruments still held	(24)	34	(20)	3
Level 3 | Recurring | Derivatives
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Changes in Level 3, beginning balance	82	33	88	29
Net realized/unrealized gains (losses) included in earnings	(26)	(2)	(22)	3
Net realized/unrealized gains (losses) included in accumulated other comprehensive income	0	0	0	0
Purchases	0	0	0	0
Sales	0	0	0	0
Settlements	(41)	(6)	(39)	(8)
Transfers into Level 3	11	40	0	40
Transfers out of Level 3	11	0	10	0
Changes in Level 3, ending balance	37	65	37	65
Net change in unrealized gains (losses) relating to instruments still held	(24)	33	(20)	40
Level 3 | Recurring | Other
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Changes in Level 3, beginning balance		225	259	277
Net realized/unrealized gains (losses) included in earnings		4	0	(34)
Net realized/unrealized gains (losses) included in accumulated other comprehensive income		0	0	0
Purchases		0	0	0
Sales		(7)	0	(20)
Settlements		0	0	0
Transfers into Level 3		0	0	0
Transfers out of Level 3		0	(259)	0
Changes in Level 3, ending balance		222		222
Net change in unrealized gains (losses) relating to instruments still held		1	0	(37)
Level 3 | US Corporate | Recurring
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Changes in Level 3, beginning balance	3,143	3,163	3,006	3,053
Net realized/unrealized gains (losses) included in earnings	4	(10)	8	(6)
Net realized/unrealized gains (losses) included in accumulated other comprehensive income	132	(145)	232	(86)
Purchases	173	87	233	181
Sales	0	(38)	(5)	(49)
Settlements	(35)	(20)	(43)	(56)
Transfers into Level 3	8	0	8	0
Transfers out of Level 3	(3)	(13)	(18)	(13)
Changes in Level 3, ending balance	3,422	3,024	3,422	3,024
Net change in unrealized gains (losses) relating to instruments still held	0	0	0	0
Level 3 | State and municipal | Recurring
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Changes in Level 3, beginning balance	31	58	30	58
Net realized/unrealized gains (losses) included in earnings	0	0	0	0
Net realized/unrealized gains (losses) included in accumulated other comprehensive income	1	(3)	2	(2)
Purchases	0	0	0	0
Sales	0	0	0	0
Settlements	0	(8)	0	(8)
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Changes in Level 3, ending balance	32	47	32	47
Net change in unrealized gains (losses) relating to instruments still held	0	0	0	0
Level 3 | Mortgage and asset-backed | Recurring
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Changes in Level 3, beginning balance	23	114	32	145
Net realized/unrealized gains (losses) included in earnings	(10)	(15)	(19)	(9)
Net realized/unrealized gains (losses) included in accumulated other comprehensive income	0	(8)	0	(9)
Purchases	0	0	0	0
Sales	0	0	0	(32)
Settlements	(5)	0	(6)	(3)
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	0	(13)	0	(13)
Changes in Level 3, ending balance	8	78	8	78
Net change in unrealized gains (losses) relating to instruments still held	0	0	0	0
Level 3 | Corporate - non-U.S. | Recurring
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Changes in Level 3, beginning balance	295	290	290	337
Net realized/unrealized gains (losses) included in earnings	28	0	28	0
Net realized/unrealized gains (losses) included in accumulated other comprehensive income	(5)	(7)	0	(4)
Purchases	9	0	9	0
Sales	(82)	0	(82)	(49)
Settlements	0	0	(1)	0
Transfers into Level 3	(1)	0	(1)	0
Transfers out of Level 3	0	0	0	0
Changes in Level 3, ending balance	244	283	244	283
Net change in unrealized gains (losses) relating to instruments still held	0	0	0	0
Level 3 | Government - non-U.S. | Recurring
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Changes in Level 3, beginning balance		2		2
Net realized/unrealized gains (losses) included in earnings		0		0
Net realized/unrealized gains (losses) included in accumulated other comprehensive income		0		0
Purchases		0		0
Sales		0		0
Settlements		0		0
Transfers into Level 3		0		0
Transfers out of Level 3		0		0
Changes in Level 3, ending balance		2		2
Net change in unrealized gains (losses) relating to instruments still held		0		0
Level 3 | U.S. Government and federal agency | Recurring
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Changes in Level 3, beginning balance	277	291	323	266
Net realized/unrealized gains (losses) included in earnings	0	0	0	0
Net realized/unrealized gains (losses) included in accumulated other comprehensive income	30	2	(15)	28
Purchases	0	0	0	0
Sales	0	0	0	0
Settlements	0	0	(1)	(1)
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Changes in Level 3, ending balance	307	293	307	293
Net change in unrealized gains (losses) relating to instruments still held	0	0	0	0
Level 3 | Equity | Recurring
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Changes in Level 3, beginning balance	9	6	13	9
Net realized/unrealized gains (losses) included in earnings	0	0	(6)	2
Net realized/unrealized gains (losses) included in accumulated other comprehensive income	(1)	0	1	(2)
Purchases	0	6	0	6
Sales	0	(6)	0	(6)
Settlements	0	0	0	(4)
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Changes in Level 3, ending balance	8	6	8	6
Net change in unrealized gains (losses) relating to instruments still held	$ 0	$ 0	$ 0	$ 0

XML

Fair Value Measurements (Non-Recurring Fair Value Measurements) (Details) - Non-recurring - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Adjustments To Assets Measured At Fair Value On Non Recurring Basis	$ (190)	$ (103)	$ (337)	$ (168)
Financing receivables and loans held for sale
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Adjustments To Assets Measured At Fair Value On Non Recurring Basis	0	(19)	(15)	(21)
Cost and equity method investments
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Adjustments To Assets Measured At Fair Value On Non Recurring Basis	(18)	(60)	(95)	(91)
Long Lived Assets, Including Real Estate
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Adjustments To Assets Measured At Fair Value On Non Recurring Basis	(172)	$ (23)	(227)	$ (57)
Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financing receivables and loans held for sale			0		$ 0
Cost and equity method investments	0		0		1
Long-lived assets			32		2
Assets Fair Value Disclosure	32		32		3
Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financing receivables and loans held for sale			33		154
Cost and equity method investments	226		226		436
Long-lived assets			634		882
Assets Fair Value Disclosure	$ 893		$ 893		$ 1,471

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Fair Value Measurements (Significant Unobservable Inputs) (Details) - Level 3 $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2016 USD ($)	Dec. 31, 2015 USD ($)	Mar. 31, 2016 USD ($)	Jun. 30, 2015 USD ($)	Mar. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Individually Insignificant Recurring Fair Value Measurements	$ 22	$ 32
Individually Insignificant Nonrecurring Fair Value Measurements	4	80
Recurring
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	4,057	4,042	$ 3,859	$ 4,020	$ 4,183	$ 4,175
Recurring | US Corporate | Income Approach
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Investments, Fair Value Disclosure	$ 897	$ 834
Recurring | US Corporate | Income Approach | Lower Limit
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate	1.70%	1.70%
Recurring | US Corporate | Income Approach | Upper Limit
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate	13.50%	14.10%
Recurring | US Corporate | Income Approach | Weighted average
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate	8.00%	8.60%
Recurring | Mortgage and asset-backed | Income Approach
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Investments, Fair Value Disclosure	$ 8	$ 31
Recurring | Mortgage and asset-backed | Income Approach | Lower Limit
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate	2.00%	5.00%
Recurring | Mortgage and asset-backed | Income Approach | Upper Limit
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate	5.00%	12.00%
Recurring | Mortgage and asset-backed | Income Approach | Weighted average
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate	4.70%	10.50%
Recurring | Corporate - non-U.S. | Income Approach
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Investments, Fair Value Disclosure		$ 236
Recurring | Corporate - non-U.S. | Income Approach | Lower Limit
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate		6.50%
Recurring | Corporate - non-U.S. | Income Approach | Upper Limit
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate		14.00%
Recurring | Corporate - non-U.S. | Income Approach | Weighted average
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate		7.50%
Recurring | Other financial assets
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	$ 3,130	$ 2,637
Recurring | Other financial assets | Income Approach, Market Comparables
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Investments, Fair Value Disclosure		$ 259
Recurring | Other financial assets | Income Approach, Market Comparables | Lower Limit
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
EBITDA Multiple		6.1
Capitalization Rate		7.80%
Recurring | Other financial assets | Income Approach, Market Comparables | Upper Limit
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
EBITDA Multiple		15
Capitalization Rate		7.80%
Recurring | Other financial assets | Income Approach, Market Comparables | Weighted average
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
EBITDA Multiple		9.9
Capitalization Rate		7.80%
Non-recurring
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Investments, Fair Value Disclosure	226	$ 436
Assets Fair Value Disclosure Nonrecurring	122	122
Non-recurring | Financing receivables and loans held for sale | Income Approach
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Investments, Fair Value Disclosure	$ 31	$ 146
Non-recurring | Financing receivables and loans held for sale | Income Approach | Lower Limit
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate	9.00%	6.50%
Non-recurring | Financing receivables and loans held for sale | Income Approach | Upper Limit
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate	30.00%	30.00%
Non-recurring | Financing receivables and loans held for sale | Income Approach | Weighted average
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate	20.40%	10.70%
Non-recurring | Cost and equity method investments | Income Approach
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Investments, Fair Value Disclosure	$ 138	$ 293
Non-recurring | Cost and equity method investments | Income Approach | Lower Limit
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate	9.00%	9.50%
Non-recurring | Cost and equity method investments | Income Approach | Upper Limit
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate	20.00%	35.00%
Non-recurring | Cost and equity method investments | Income Approach | Weighted average
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate	13.20%	14.40%
Non-recurring | Long Lived Assets | Income Approach
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Investments, Fair Value Disclosure	$ 599	$ 830
Non-recurring | Long Lived Assets | Income Approach | Lower Limit
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate	1.80%	1.80%
Non-recurring | Long Lived Assets | Income Approach | Upper Limit
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate	25.00%	11.70%
Non-recurring | Long Lived Assets | Income Approach | Weighted average
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate	10.50%	10.50%

XML

Financial Instruments (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Financial Instruments [Line Items]
Borrowings	$ (156,436)	$ (197,602)
Borrowings (debt assumed)	156,436	197,602
Intersegment Elimination [Member] | Intercompany Payable To GE
Financial Instruments [Line Items]
Borrowings	65,186	84,704
Estimated fair value
Financial Instruments [Line Items]
Effect of including interest rate and currency derivatives on borrowings and bank deposits	5,299	3,001
GE
Financial Instruments [Line Items]
Time deposits	3,550	10,386
Accrued interest	992	1,006
GE | Carrying amount
Financial Instruments [Line Items]
Investments and notes receivable	1,353	1,104
Borrowings	19,331	18,397
GE | Carrying amount | Intersegment Elimination [Member] | Intercompany Payable To GE
Financial Instruments [Line Items]
Borrowings (debt assumed)	70,188	84,704
GE | Estimated fair value
Financial Instruments [Line Items]
Investments and notes receivable	1,437	1,174
Borrowings	20,822	18,954
Accrued interest	93	116
GE | Estimated fair value | Intersegment Elimination [Member] | Intercompany Payable To GE
Financial Instruments [Line Items]
Borrowings (debt assumed)	79,727	92,231
GE Capital
Financial Instruments [Line Items]
Accrued interest	668	1,103
GE Capital | Intercompany Payable To GE
Financial Instruments [Line Items]
Borrowings (debt assumed)	5,002
GE Capital | Carrying amount
Financial Instruments [Line Items]
Loans	18,992	20,061
Time deposits	3,550	10,386
Other commercial mortgages	1,356	1,381
Loans held for sale	692	342
Other financial instruments	91	94
Borrowings	68,138	95,474
Investment contracts	2,870	2,955
GE Capital | Estimated fair value
Financial Instruments [Line Items]
Loans	18,850	19,774
Time deposits	3,550	10,386
Other commercial mortgages	1,481	1,447
Loans held for sale	692	342
Other financial instruments	122	110
Borrowings	70,790	99,396
Investment contracts	$ 3,490	$ 3,441

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Financial Instruments (Notional Amount of Loan Commitments) (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Notional Disclosures [Abstract]
Ordinary course of business lending commitments	$ 448	$ 531
Unused revolving credit lines	213	279
Excluded investment commitments	$ 758	$ 782

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Financial Instruments (Securities Repurchase and Reverse Repurchase Arrangements) (Details) $ in Billions	6 Months Ended
	Jun. 30, 2016 USD ($)
Derivative Instrument Detail [Abstract]
Reverse Repurchase Agreements Maturities	90 days
Securities for Reverse Repurchase Agreements	$ 9.7

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Financial Instruments (Forms of Hedging) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Derivative [Line Items]
Shareowners' equity (increase) decrease	$ (12)	$ (446)	$ 45	$ 637
Earnings (loss) effect of derivatives	14	415	(71)	(582)
Cash Flow Hedges [Member]
Derivative [Line Items]
Fair value of derivatives increase (decrease)	11	446	(45)	(637)
Shareowners' equity (increase) decrease	(12)	(446)	45	637
Net effect on earnings (loss) (hedge ineffectiveness)	0	0	1	0
Earnings (loss) effect of derivatives	14	415	(71)	(582)
Fair Value Hedges [Member]
Derivative [Line Items]
Fair value of derivatives increase (decrease)	888	(1,924)	2,610	(873)
Adjustment to carrying amount of hedged debt increase (decrease)	(933)	1,872	(2,688)	789
Earnings (loss) related to hedge ineffectiveness	(46)	(52)	(77)	(84)
Net Investment Hedges [Member]
Derivative [Line Items]
Fair value of derivatives increase (decrease)	(282)	(1,578)	47	3,367
Fair value of non-derivatives (increase) decrease	(318)	0	(120)	0
Shareowners' equity (increase) decrease	609	1,566	40	(3,423)
Earnings (loss) (spot-forward difference on derivatives)	8	(12)	(34)	(56)
Net Investment Hedges [Member] | Discontinued operations
Derivative [Line Items]
Earnings (loss) effect of derivatives		(196)	(380)
Economic Hedges [Member]
Derivative [Line Items]
Fair value of derivatives increase (decrease)	159	875		(2,243)
Fair value of non-derivatives (increase) decrease	159	875	(143)	(2,243)
Change in carrying amount of item being hedged increase (decrease)	(288)	(981)	(177)	2,148
Shareowners' equity (increase) decrease	(288)
Earnings (loss) effect of derivatives	$ (130)	$ (106)	$ (321)	$ (95)

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Financial Instruments (Notional Amount of Derivatives) (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Notional Disclosures [Abstract]
Derivative assets	$ 7,709	$ 7,391
Derivative liabilities	(4,477)	(5,681)
Accrued Interest	728	1,014
Cash collateral assets	(2,991)	(1,141)
Derivative Net	969	1,583
Securities held as collateral	(1,038)	(1,277)
Net carrying amount	(69)	$ 306
Derivative, Notional Amount	$ 205

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Financial Instruments (Effects of Derivatives on Earnings) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Derivative Instruments and Hedging Activities [Line Items]
Effect on underlying	$ (12)	$ (446)	$ 45	$ 637
Earnings (loss) effect of derivatives	14	415	(71)	(582)
Total effect on earnings	(168)	(170)	(431)	(235)
Cash Flow Hedges [Member]
Derivative Instruments and Hedging Activities [Line Items]
Effect on hedging instrument	11	446	(45)	(637)
Effect on underlying	(12)	(446)	45	637
Effect on earnings (Cash flow hedges)	0	0	1	0
Earnings (loss) effect of derivatives	14	415	(71)	(582)
Fair Value Hedges [Member]
Derivative Instruments and Hedging Activities [Line Items]
Effect on hedging instrument	888	(1,924)	2,610	(873)
Effect on underlying (Fair value hedges)	(933)	1,872	(2,688)	789
Effect on earnings (Fair value hedges)	(46)	(52)	(77)	(84)
Net Investment Hedges [Member]
Derivative Instruments and Hedging Activities [Line Items]
Effect on hedging instrument	(282)	(1,578)	47	3,367
Effect on hedging instrument (Net investment hedges)			(73)
Effect on underlying	609	1,566	40	(3,423)
Effect on earnings (Net investment hedges)	8	(12)	(34)	(56)
Economic Hedges [Member]
Derivative Instruments and Hedging Activities [Line Items]
Effect on hedging instrument	159	875		(2,243)
Effect on hedging instrument (Net investment hedges)			(143)
Effect on underlying	(288)
Effect on underlying (Economic hedges)	(288)	(981)	(177)	2,148
Earnings (loss) effect of derivatives	$ (130)	$ (106)	$ (321)	$ (95)

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Variable Interest Entities (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Variable Interest Entity [Line Items]
Financing receivables, net	$ 12,001		$ 12,001		$ 12,052
Investment securities (Note 3)	39,720		39,720		31,973
Other Assets	31,274		31,274		36,797
Borrowings	156,436		156,436		197,602
Nonrecourse Borrowings	2,005		2,005		3,083
Other Liabilities	21,475		21,475		23,611
Total revenues of consolidated VIEs	33,494	$ 29,226	61,339	$ 55,466
Appliances
Variable Interest Entity [Line Items]
Current Receivables	773		773		737
Consolidated VIE
Variable Interest Entity [Line Items]
Financing receivables, net	1,671		1,671		882
Current Receivables	2,836		2,836		3,891
Investment securities (Note 3)	1,516		1,516		1,404
Other Assets	2,276		2,276		3,574
Assets VIE	8,299		8,299		9,751
Borrowings	1,735		1,735		1,181
Non-recourse borrowings	2,005		2,005		3,083
Other Liabilities	2,565		2,565		3,557
Liabilities VIE	6,305		6,305		7,821
Cost of sales and services sold	257	386	601	723
Acquisition Alstom
Variable Interest Entity [Line Items]
Assets VIE	13,614		13,614
Liabilities VIE	10,295		10,295
Redeemable noncontrolling interest in joint venture			2,950
Other 1 [Member]
Variable Interest Entity [Line Items]
Financing receivables, net	0		0		0
Current Receivables	152		152		385
Investment securities (Note 3)	0		0		0
Other Assets	1,099		1,099		2,482
Assets VIE	1,251		1,251		2,867
Borrowings	41		41		221
Non-recourse borrowings	0		0		0
Other Liabilities	1,161		1,161		2,289
Liabilities VIE	1,202		1,202		2,510
Consolidated Securitization Entities [Member]
Variable Interest Entity [Line Items]
Investment securities (Note 3)	1,516		1,516
Non-recourse borrowings	2,005		2,005
Total revenues of consolidated VIEs	439	212	794	714
Commingled cash amounts owed to CSEs	860		860		1,093
Commingled cash receivable from CSEs	12		12		7
Industrial Equipment Joint Venture [Member]
Variable Interest Entity [Line Items]
Assets VIE	746		746
Liabilities VIE	743		743
Power Generating And Leasing [Member]
Variable Interest Entity [Line Items]
Assets VIE	385		385
Liabilities VIE	177		177
Insurance Entities [Member]
Variable Interest Entity [Line Items]
Assets VIE	1,716		1,716
Liabilities VIE	1,118		1,118
GE Capital
Variable Interest Entity [Line Items]
Financing receivables, net	23,998		23,998		25,003
Investment securities (Note 3)	39,615		39,615		31,827
Other Assets	19,930		19,930		25,081
Non-recourse borrowings	1,475		1,475		1,534
Nonrecourse Borrowings	2,005		2,005		3,083
Other Liabilities	7,028		7,028		9,351
Total revenues of consolidated VIEs	2,771	$ 2,690	5,656	$ 5,556
GE Capital | Other 1 [Member]
Variable Interest Entity [Line Items]
Financing receivables, net	745		745		882
Current Receivables	1		1		0
Investment securities (Note 3)	1,516		1,516		1,404
Other Assets	1,144		1,144		1,068
Assets VIE	3,406		3,406		3,354
Borrowings	867		867		960
Non-recourse borrowings	0		0		61
Other Liabilities	1,343		1,343		1,234
Liabilities VIE	2,210		2,210		2,255
GE Capital | Consolidated Securitization Entities [Member]
Variable Interest Entity [Line Items]
Financing receivables, net	926		926		0
Current Receivables	0		0		0
Investment securities (Note 3)	0		0		0
Other Assets	33		33		0
Assets VIE	959		959		0
Borrowings	827		827		0
Non-recourse borrowings	100		100		0
Other Liabilities	30		30		0
Liabilities VIE	957		957		0
GE Capital | Trade Receivable [Member]
Variable Interest Entity [Line Items]
Financing receivables, net	0		0		0
Current Receivables	2,683		2,683		3,506
Investment securities (Note 3)	0		0		0
Other Assets	0		0		24
Assets VIE	2,683		2,683		3,530
Borrowings	0		0		0
Non-recourse borrowings	1,905		1,905		3,022
Other Liabilities	31		31		34
Liabilities VIE	$ 1,936		$ 1,936		$ 3,056

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Variable Interest Entities (Unconsolidated) (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Variable Interest Entity [Line Items]
Financing receivables	$ 12,001	$ 12,052
Total investment	6,005
Total	6,110
Investment in Unconsolidated VIEs [Member]
Variable Interest Entity [Line Items]
Other assets and investment securities	5,437	745
Financing receivables	13	13
Total investment	5,450	758
Contractual obligations to fund new investments, guarantees or lines of credit	866	29
Total	$ 6,316	$ 787

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Intercompany Transactions (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Net Cash Provided by (Used in) Operating Activities, Continuing Operations	$ 1,936	$ 2,932
Net Cash Provided by (Used in) Investing Activities, Continuing Operations	42,414	24,756
Net Cash Provided by (Used in) Financing Activities, Continuing Operations	(62,685)	(16,470)
Combined
Net Cash Provided by (Used in) Operating Activities, Continuing Operations	11,129	1,828
Net Cash Provided by (Used in) Investing Activities, Continuing Operations	39,496	26,605
Net Cash Provided by (Used in) Financing Activities, Continuing Operations	(68,960)	(17,214)
GE Customer Receivables Sold To GE Capital
Net Cash Provided by (Used in) Operating Activities, Continuing Operations	1,499	1,169
Net Cash Provided by (Used in) Investing Activities, Continuing Operations	(1,652)	(1,493)
Net Cash Provided by (Used in) Financing Activities, Continuing Operations	153	324
GE Capital Dividends To GE
Net Cash Provided by (Used in) Operating Activities, Continuing Operations	(11,000)	(450)
Net Cash Provided by (Used in) Financing Activities, Continuing Operations	11,000	450
Other Reclassifications and Eliminations
Net Cash Provided by (Used in) Operating Activities, Continuing Operations	308	385
Net Cash Provided by (Used in) Investing Activities, Continuing Operations	4,570	(356)
Net Cash Provided by (Used in) Financing Activities, Continuing Operations	(4,878)	(30)
Effect of Elimination
Net Cash Provided by (Used in) Operating Activities, Continuing Operations	(9,193)	1,105
Net Cash Provided by (Used in) Investing Activities, Continuing Operations	2,918	(1,848)
Net Cash Provided by (Used in) Financing Activities, Continuing Operations	$ 6,275	$ 743

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Guarantor (Narrative) (Details) - Oct. 26, 2015 £ in Billions, $ in Billions	GBP (£)	USD ($)
Debt Instrument [Line Items]
Outstanding notes being tendered for exchange and settled		$ 36.0
0.964% six months notes due in 2016
Debt Instrument [Line Items]
Outstanding notes being tendered for exchange and settled		$ 15.3
Debt conversion, converted instrument, rate	0.964%	0.964%
Debt Conversion Converted Instrument Expiration Or Due Month and Year	Apr. 30, 2016	Apr. 30, 2016
1.363% six months notes due in 2016
Debt Instrument [Line Items]
Outstanding notes being tendered for exchange and settled | £	£ 0.8
Debt conversion, converted instrument, rate	1.363%	1.363%
Debt Conversion Converted Instrument Expiration Or Due Month and Year	Apr. 30, 2016	Apr. 30, 2016
2.342% notes due in 2020
Debt Instrument [Line Items]
Outstanding notes being tendered for exchange and settled		$ 6.1
Debt conversion, converted instrument, rate	2.342%	2.342%
Debt Conversion Converted Instrument Expiration Or Due Date Year	2020	2020
3.373% notes due in 2025
Debt Instrument [Line Items]
Outstanding notes being tendered for exchange and settled		$ 2.0
Debt conversion, converted instrument, rate	3.373%	3.373%
Debt Conversion Converted Instrument Expiration Or Due Date Year	2025	2025
4.418% notes due in 2035
Debt Instrument [Line Items]
Outstanding notes being tendered for exchange and settled		$ 11.5
Debt conversion, converted instrument, rate	4.418%	4.418%
Debt Conversion Converted Instrument Expiration Or Due Date Year	2035	2035

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Guarantor (Statement of Earnings) (Unaudited) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Revenues and other income
Sales of goods and services	$ 28,028	$ 26,056	$ 53,342	$ 49,739
Other income	3,150	780	3,158	922
Equity in earnings (loss)	0	0	0	0
GE Capital earnings from continuing operations	2,316	2,390	4,838	4,804
Total revenues and other income	33,494	29,226	61,339	55,466
Costs and Expenses [Abstract]
Interest and other financial charges	1,326	713	3,062	1,331
Investment Contracts Insurance Losses And Insurance Annuity Benefits	776	657	1,417	1,270
Other costs and expenses	27,569	25,245	52,797	48,633
Total Costs and Expenses	29,670	26,614	57,276	51,233
Earnings (loss) from continuing operations	3,824	2,612	4,063	4,233
Benefit (provision) for income taxes	(479)	(799)	(340)	(7,093)
Earnings (loss) from continuing operations attributable to the Company	3,345	1,813	3,723	(2,860)
Earnings (loss) from discontinued operations, net of taxes	(541)	2,947	(849)	(11,883)
Net earnings (loss)	2,804	(1,134)	2,874	(14,743)
Less net earnings (loss) attributable to noncontrolling interests	(86)	225	(207)	190
Net earnings (loss) attributable to the Company	2,890	(1,360)	3,081	(14,933)
Other comprehensive income (loss)	807	4,158	1,631	(34)
Comprehensive income (loss) attributable to the Company	3,696	2,798	4,711	(14,967)
Parent Company Guarantor (General Electric)
Revenues and other income
Sales of goods and services	10,664	11,463	20,676	21,135
Other income	(264)	610	(38)	413
Equity in earnings (loss)	5,228	2,336	6,135	(1,084)
GE Capital earnings from continuing operations	0	0	0	0
Total revenues and other income	15,628	14,409	26,774	20,464
Costs and Expenses [Abstract]
Interest and other financial charges	851	817	1,662	1,570
Investment Contracts Insurance Losses And Insurance Annuity Benefits	0	0	0	0
Other costs and expenses	11,601	12,505	22,057	23,020
Total Costs and Expenses	12,453	13,322	23,719	24,589
Earnings (loss) from continuing operations	3,175	1,086	3,055	(4,125)
Benefit (provision) for income taxes	256	497	875	1,071
Earnings (loss) from continuing operations attributable to the Company	3,430	1,584	3,929	(3,054)
Earnings (loss) from discontinued operations, net of taxes	(541)	(2,943)	(849)	(11,879)
Net earnings (loss)	2,890	(1,360)	3,081	(14,933)
Less net earnings (loss) attributable to noncontrolling interests	0	0	0	0
Net earnings (loss) attributable to the Company	2,890	(1,360)	3,081	(14,933)
Other comprehensive income (loss)	807	4,158	1,631	(34)
Comprehensive income (loss) attributable to the Company	3,696	2,798	4,711	(14,967)
Subsidiary Issuer (GE Capital)
Revenues and other income
Sales of goods and services	0	0	0	0
Other income	0	0	0	0
Equity in earnings (loss)	0	0	0	0
GE Capital earnings from continuing operations	200	0	596	0
Total revenues and other income	200	0	596	0
Costs and Expenses [Abstract]
Interest and other financial charges	175	0	547	0
Investment Contracts Insurance Losses And Insurance Annuity Benefits	0	0	0	0
Other costs and expenses	0	0	0	0
Total Costs and Expenses	175	0	548	0
Earnings (loss) from continuing operations	25	0	48	0
Benefit (provision) for income taxes	(3)	0	(6)	0
Earnings (loss) from continuing operations attributable to the Company	22	0	42	0
Earnings (loss) from discontinued operations, net of taxes	0	0	0	0
Net earnings (loss)	22	0	42	0
Less net earnings (loss) attributable to noncontrolling interests	0	0	0	0
Net earnings (loss) attributable to the Company	22	0	42	0
Other comprehensive income (loss)	0	0	(12)	0
Comprehensive income (loss) attributable to the Company	22	0	30	0
Subsidiary Guarantor (Subsidiary)
Revenues and other income
Sales of goods and services	0	0	0	0
Other income	0	0	0	0
Equity in earnings (loss)	(5)	0	665	0
GE Capital earnings from continuing operations	722	0	1,019	0
Total revenues and other income	717	0	1,683	0
Costs and Expenses [Abstract]
Interest and other financial charges	677	0	1,608	0
Investment Contracts Insurance Losses And Insurance Annuity Benefits	0	0	0	0
Other costs and expenses	19	0	55	0
Total Costs and Expenses	695	0	1,663	0
Earnings (loss) from continuing operations	21	0	20	0
Benefit (provision) for income taxes	(43)	0	(46)	0
Earnings (loss) from continuing operations attributable to the Company	(22)	0	(26)	0
Earnings (loss) from discontinued operations, net of taxes	(521)	0	(996)	0
Net earnings (loss)	(542)	0	(1,022)	0
Less net earnings (loss) attributable to noncontrolling interests	0	0	0	0
Net earnings (loss) attributable to the Company	(542)	0	(1,022)	0
Other comprehensive income (loss)	246	0	63	0
Comprehensive income (loss) attributable to the Company	(297)	0	(958)	0
Non Guarantor Subsidiaries
Revenues and other income
Sales of goods and services	38,202	33,442	71,961	64,776
Other income	16,043	3,352	19,484	4,399
Equity in earnings (loss)	15,305	3,338	28,928	14,976
GE Capital earnings from continuing operations	1,760	9,068	6,344	17,623
Total revenues and other income	71,310	49,200	126,717	101,775
Costs and Expenses [Abstract]
Interest and other financial charges	1,412	2,277	3,171	4,646
Investment Contracts Insurance Losses And Insurance Annuity Benefits	815	709	1,487	1,354
Other costs and expenses	37,971	37,984	73,137	78,800
Total Costs and Expenses	40,198	40,971	77,795	84,800
Earnings (loss) from continuing operations	31,111	8,229	48,922	16,975
Benefit (provision) for income taxes	(435)	(2,854)	(958)	(9,927)
Earnings (loss) from continuing operations attributable to the Company	30,676	5,375	47,964	7,047
Earnings (loss) from discontinued operations, net of taxes	600	(367)	174	(2,693)
Net earnings (loss)	31,277	5,008	48,138	4,355
Less net earnings (loss) attributable to noncontrolling interests	(66)	97	(91)	197
Net earnings (loss) attributable to the Company	31,342	4,911	48,230	4,158
Other comprehensive income (loss)	579	1,206	847	(3,785)
Comprehensive income (loss) attributable to the Company	31,922	6,116	49,076	373
Consolidation adjustments
Revenues and other income
Sales of goods and services	(20,838)	(18,849)	(39,295)	(36,172)
Other income	(12,629)	(3,183)	(16,288)	(3,889)
Equity in earnings (loss)	(20,528)	(5,673)	(35,728)	(13,892)
GE Capital earnings from continuing operations	(365)	(6,678)	(3,121)	(12,819)
Total revenues and other income	(54,359)	(34,383)	(94,431)	(66,773)
Costs and Expenses [Abstract]
Interest and other financial charges	(1,790)	(2,382)	(3,927)	(4,886)
Investment Contracts Insurance Losses And Insurance Annuity Benefits	(40)	(52)	(70)	(84)
Other costs and expenses	(22,022)	(25,244)	(42,452)	(53,187)
Total Costs and Expenses	(23,852)	(27,679)	(46,449)	(58,156)
Earnings (loss) from continuing operations	(30,508)	(6,704)	(47,983)	(8,617)
Benefit (provision) for income taxes	(254)	1,558	(205)	1,763
Earnings (loss) from continuing operations attributable to the Company	(30,762)	(5,146)	(48,187)	(6,853)
Earnings (loss) from discontinued operations, net of taxes	(80)	363	821	2,689
Net earnings (loss)	(30,841)	(4,783)	(47,366)	(4,165)
Less net earnings (loss) attributable to noncontrolling interests	(20)	128	(116)	(7)
Net earnings (loss) attributable to the Company	(30,822)	(4,911)	(47,250)	(4,158)
Other comprehensive income (loss)	(825)	(1,206)	(898)	3,785
Comprehensive income (loss) attributable to the Company	$ (31,646)	$ (6,116)	$ (48,148)	$ (373)

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Guarantor (Statement of Financial Position) (Unaudited) (Details) - USD ($) $ in Millions		Jun. 30, 2016		Mar. 31, 2016		Dec. 31, 2015		Jun. 30, 2015		Mar. 31, 2015		Dec. 31, 2014
Assets [Abstract]
Cash and equivalents		$ 52,123				$ 70,483
Investments		39,720				31,973
Receivables - net		43,813				45,856
Inventories		24,723				22,515
Property, plant and equipment - net		50,436				54,095
Investment in subsidiaries		0				0
Goodwill and intangible assets		83,747				83,323
Other assets		57,033				63,876
Assets of discontinued operations		49,865				120,951
Total assets	[1]	401,461				493,071
Liabilities [Abstract]
Short-term borrowings		31,927				49,860
Accounts payable		13,115				13,680
Other current liabilities		38,742				41,540
Long term and non-recourse borrowings		124,509				147,742
Other liabilities		89,031				90,651
Liabilities of discontinued operations		14,384				46,487
Liabilities	[1]	311,708				389,961
Redeemable noncontrolling interest		3,070		$ 3,036		2,972		$ 79		$ 73		$ 98
Total GE shareowners' equity		84,991				98,274		109,503				128,159
Noncontrolling interests		1,693	[2]	$ 1,667	[2]	1,864	[2]	8,776	[2]	$ 8,738	[2]	$ 8,674
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest		86,684				100,138		$ 118,279
Liabilities and Equity		401,461				493,071
Parent Company Guarantor (General Electric)
Assets [Abstract]
Cash and equivalents		2,863				4,137
Investments		7				14
Receivables - net		67,759				88,696
Inventories		5,295				5,447
Property, plant and equipment - net		5,494				6,540
Investment in subsidiaries		284,657				274,471
Goodwill and intangible assets		7,709				7,793
Other assets		15,293				15,732
Assets of discontinued operations		0				0
Total assets		389,078				402,828
Liabilities [Abstract]
Short-term borrowings		166,625				145,051
Accounts payable		3,555				6,096
Other current liabilities		12,148				14,482
Long term and non-recourse borrowings		78,035				97,471
Other liabilities		42,031				41,455
Liabilities of discontinued operations		0				0
Liabilities		302,394				304,555
Redeemable noncontrolling interest		0				0
Total GE shareowners' equity		84,991				98,274
Noncontrolling interests		1,693				0
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest		86,684				98,274
Liabilities and Equity		389,078				402,828
Subsidiary Issuer (GE Capital)
Assets [Abstract]
Cash and equivalents		0				0
Investments		0				0
Receivables - net		17,077				33,232
Inventories		0				0
Property, plant and equipment - net		0				0
Investment in subsidiaries		0				0
Goodwill and intangible assets		0				0
Other assets		1,558				11
Assets of discontinued operations		0				0
Total assets		18,635				33,242
Liabilities [Abstract]
Short-term borrowings		0				16,204
Accounts payable		0				0
Other current liabilities		27				(1)
Long term and non-recourse borrowings		18,361				16,423
Other liabilities		90				489
Liabilities of discontinued operations		0				0
Liabilities		18,478				33,115
Redeemable noncontrolling interest		0				0
Total GE shareowners' equity		158				127
Noncontrolling interests		0				0
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest		158				127
Liabilities and Equity		18,635				33,242
Subsidiary Guarantor (Subsidiary)
Assets [Abstract]
Cash and equivalents		37				0
Investments		0				0
Receivables - net		61,339				69,306
Inventories		0				0
Property, plant and equipment - net		0				0
Investment in subsidiaries		77,908				78,505
Goodwill and intangible assets		0				0
Other assets		1,019				915
Assets of discontinued operations		0				0
Total assets		140,303				148,725
Liabilities [Abstract]
Short-term borrowings		47,814				71,862
Accounts payable		0				0
Other current liabilities		58				17
Long term and non-recourse borrowings		62,445				46,392
Other liabilities		714				224
Liabilities of discontinued operations		0				0
Liabilities		111,031				118,495
Redeemable noncontrolling interest		0				0
Total GE shareowners' equity		29,271				30,230
Noncontrolling interests		0				0
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest		29,271				30,230
Liabilities and Equity		140,303				148,725
Non Guarantor Subsidiaries
Assets [Abstract]
Cash and equivalents		53,408				86,955
Investments		46,336				40,886
Receivables - net		73,581				75,909
Inventories		21,957				19,762
Property, plant and equipment - net		46,395				56,808
Investment in subsidiaries		420,869				405,686
Goodwill and intangible assets		54,590				61,412
Other assets		227,904				247,611
Assets of discontinued operations		0				0
Total assets		945,039				995,029
Liabilities [Abstract]
Short-term borrowings		31,729				60,601
Accounts payable		38,275				37,636
Other current liabilities		27,183				34,903
Long term and non-recourse borrowings		84,118				105,801
Other liabilities		59,862				57,996
Liabilities of discontinued operations		0				0
Liabilities		241,166				296,937
Redeemable noncontrolling interest		2,266				2,888
Total GE shareowners' equity		699,629				693,589
Noncontrolling interests		1,977				1,616
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest		701,607				695,204
Liabilities and Equity		945,039				995,029
Consolidation adjustments
Assets [Abstract]
Cash and equivalents		(4,185)				(20,609)
Investments		(6,623)				(8,927)
Receivables - net		(175,943)				(221,286)
Inventories		(2,528)				(2,694)
Property, plant and equipment - net		(1,453)				(9,253)
Investment in subsidiaries		(783,434)				(758,662)
Goodwill and intangible assets		21,448				14,118
Other assets		(188,741)				(200,392)
Assets of discontinued operations		49,865				120,951
Total assets		(1,091,594)				(1,086,754)
Liabilities [Abstract]
Short-term borrowings		(214,242)				(243,858)
Accounts payable		(28,715)				(30,052)
Other current liabilities		(674)				(7,860)
Long term and non-recourse borrowings		(118,449)				(118,345)
Other liabilities		(13,665)				(9,514)
Liabilities of discontinued operations		14,384				46,487
Liabilities		(361,361)				(363,141)
Redeemable noncontrolling interest		803				84
Total GE shareowners' equity		(729,058)				(723,946)
Noncontrolling interests		(1,977)				248
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest		(731,036)				(723,697)
Liabilities and Equity		$ (1,091,594)				$ (1,086,754)

[1] (a) O ur consolidated assets at June 30, 2016 included total assets of $7,651 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 $4,368 million and investment securities of $1,516 million w ithin continuing operations and assets of discontinued operations of $464 million. Our consolidated liabilities at June 30, 2016 included liabilities of certain VIEs for which the VIE creditors do not have recourse to GE. These liabilities included non-recourse borrowings of consolidated securitization entities (CSEs) of $2,005 million within continuing operations and non-recourse borrowings of CSEs within discontinued operations of $40 million. See Note 16.

[2] (c) Included AOCI attributable to noncontrolling interests of $(259) mi llion and $(264) million at June 30, 2016 and December 31, 2015 , respectively.

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Guarantor (Statement of Financial Position - Paranthetical) (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Guarantee Obligations [Line Items]
Cash and equivalents	$ 52,123	$ 70,483

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Guarantor (Statement of Cash Flows) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash flows - operating activities
Cash from (used for) operating activities - continuing operations	$ 1,936	$ 2,932
Cash from (used for) operating activities - discontinued operations	(4,849)	9,454
Cash from (used for) operating activities	(2,913)	12,385
Cash flows - investing activities
Cash from (used for) investing activities - continuing operations	42,414	24,756
Cash from (used for) investing activities - discontinued operations	(10,646)	(8,209)
Cash from (used for) investing activities	31,768	16,547
Cash flows - financing activities
Cash from (used for) financing activities - continuing operations	(62,685)	(16,470)
Cash from (used for) financing activities - discontinued operations	(711)	(2,240)
Cash from (used for) financing activities	(63,396)	(18,710)
Effect of currency exchange rate changes on cash and equivalents	(24)	(2,887)
Period Increase Decrease In Cash And Cash Equivalents	(34,565)	7,336
Cash and equivalents at beginning of year	90,878	91,017
Cash and equivalents at June 30	56,313	98,353
Less cash and equivalents of discontinued operations at June 30	4,190	19,992
Cash and equivalents of continuing operations at June 30	52,123	78,360
Parent Company Guarantor (General Electric)
Cash flows - operating activities
Cash from (used for) operating activities - continuing operations	(21,092)	(13,885)
Cash from (used for) operating activities - discontinued operations	(849)	(11,879)
Cash from (used for) operating activities	(21,941)	(25,763)
Cash flows - investing activities
Cash from (used for) investing activities - continuing operations	17,416	26,326
Cash from (used for) investing activities - discontinued operations	0	0
Cash from (used for) investing activities	17,416	26,326
Cash flows - financing activities
Cash from (used for) financing activities - continuing operations	3,252	(2,388)
Cash from (used for) financing activities - discontinued operations	0	0
Cash from (used for) financing activities	3,252	(2,388)
Effect of currency exchange rate changes on cash and equivalents	0	0
Period Increase Decrease In Cash And Cash Equivalents	(1,274)	(1,826)
Cash and equivalents at beginning of year	4,137	4,820
Cash and equivalents at June 30	2,863	2,994
Less cash and equivalents of discontinued operations at June 30	0	0
Cash and equivalents of continuing operations at June 30	2,863	2,994
Subsidiary Issuer (GE Capital)
Cash flows - operating activities
Cash from (used for) operating activities - continuing operations	182	0
Cash from (used for) operating activities - discontinued operations	0	0
Cash from (used for) operating activities	182	0
Cash flows - investing activities
Cash from (used for) investing activities - continuing operations	16,084	0
Cash from (used for) investing activities - discontinued operations	0	0
Cash from (used for) investing activities	16,084	0
Cash flows - financing activities
Cash from (used for) financing activities - continuing operations	(16,265)	0
Cash from (used for) financing activities - discontinued operations	0	0
Cash from (used for) financing activities	(16,265)	0
Effect of currency exchange rate changes on cash and equivalents	0	0
Period Increase Decrease In Cash And Cash Equivalents	0	0
Cash and equivalents at beginning of year	0	0
Cash and equivalents at June 30	0	0
Less cash and equivalents of discontinued operations at June 30	0	0
Cash and equivalents of continuing operations at June 30	0	0
Subsidiary Guarantor (Subsidiary)
Cash flows - operating activities
Cash from (used for) operating activities - continuing operations	1,032	0
Cash from (used for) operating activities - discontinued operations	(996)	0
Cash from (used for) operating activities	37	0
Cash flows - investing activities
Cash from (used for) investing activities - continuing operations	7,995	0
Cash from (used for) investing activities - discontinued operations	0	0
Cash from (used for) investing activities	7,995	0
Cash flows - financing activities
Cash from (used for) financing activities - continuing operations	(7,995)	0
Cash from (used for) financing activities - discontinued operations	0	0
Cash from (used for) financing activities	(7,995)	0
Effect of currency exchange rate changes on cash and equivalents	0	0
Period Increase Decrease In Cash And Cash Equivalents	37	0
Cash and equivalents at beginning of year	0	0
Cash and equivalents at June 30	37	0
Less cash and equivalents of discontinued operations at June 30	0	0
Cash and equivalents of continuing operations at June 30	37	0
Non Guarantor Subsidiaries
Cash flows - operating activities
Cash from (used for) operating activities - continuing operations	10,275	66,152
Cash from (used for) operating activities - discontinued operations	(3,826)	18,644
Cash from (used for) operating activities	6,449	84,795
Cash flows - investing activities
Cash from (used for) investing activities - continuing operations	97,631	(120,772)
Cash from (used for) investing activities - discontinued operations	(10,646)	(8,209)
Cash from (used for) investing activities	86,985	(128,981)
Cash flows - financing activities
Cash from (used for) financing activities - continuing operations	(142,451)	58,236
Cash from (used for) financing activities - discontinued operations	(711)	(2,240)
Cash from (used for) financing activities	(143,162)	55,996
Effect of currency exchange rate changes on cash and equivalents	(24)	(2,887)
Period Increase Decrease In Cash And Cash Equivalents	(49,752)	8,923
Cash and equivalents at beginning of year	107,350	108,400
Cash and equivalents at June 30	57,598	117,324
Less cash and equivalents of discontinued operations at June 30	4,190	19,992
Cash and equivalents of continuing operations at June 30	53,408	97,331
Consolidation adjustments
Cash flows - operating activities
Cash from (used for) operating activities - continuing operations	11,539	(49,336)
Cash from (used for) operating activities - discontinued operations	821	2,689
Cash from (used for) operating activities	12,361	(46,647)
Cash flows - investing activities
Cash from (used for) investing activities - continuing operations	(96,712)	119,202
Cash from (used for) investing activities - discontinued operations	0	0
Cash from (used for) investing activities	(96,712)	119,202
Cash flows - financing activities
Cash from (used for) financing activities - continuing operations	100,775	(72,317)
Cash from (used for) financing activities - discontinued operations	0	0
Cash from (used for) financing activities	100,775	(72,317)
Effect of currency exchange rate changes on cash and equivalents	0	0
Period Increase Decrease In Cash And Cash Equivalents	16,424	238
Cash and equivalents at beginning of year	(20,609)	(22,203)
Cash and equivalents at June 30	(4,185)	(21,965)
Less cash and equivalents of discontinued operations at June 30	0	0
Cash and equivalents of continuing operations at June 30	$ (4,185)	$ (21,965)

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Supplemental Information (Derivatives and Hedging) (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Derivatives, Fair Value [Line Items]
Derivative assets	$ 7,709	$ 7,391
Derivative liabilities	4,477	5,681
Netting adjustment of derivative gross asset	(2,978)	(4,326)
Netting adjustment of derivative gross liability	(2,969)	(4,326)
Cash collateral assets	(2,991)	(1,141)
Net derivative assets	1,648	2,282
Net derivative liabilities	678	700
Cumulative gain (loss) adjustment for non performance risk	(9)
Excluded excess cash collateral received	61	48
Excluded excess cash collateral posted	79	379
Designated As Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	6,108	5,241
Derivative liabilities	653	1,541
Derivatives Not Accounted For As Hedges
Derivatives, Fair Value [Line Items]
Derivative assets	1,601	2,149
Derivative liabilities	3,823	4,141
Interest Rate Contracts | Designated As Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	5,773	4,132
Derivative liabilities	24	158
Interest Rate Contracts | Derivatives Not Accounted For As Hedges
Derivatives, Fair Value [Line Items]
Derivative assets	119	119
Derivative liabilities	101	44
Currency Exchange Contracts | Designated As Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	335	1,109
Derivative liabilities	630	1,383
Currency Exchange Contracts | Derivatives Not Accounted For As Hedges
Derivatives, Fair Value [Line Items]
Derivative assets	1,196	1,715
Derivative liabilities	3,700	4,048
Other Contracts | Designated As Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	0	0
Derivative liabilities	0	0
Other Contracts | Derivatives Not Accounted For As Hedges
Derivatives, Fair Value [Line Items]
Derivative assets	286	315
Derivative liabilities	23	49
Gross Accrued Interest [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	760	1,001
Derivative liabilities	32	(13)
Gross Derivatives [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	8,469	8,392
Derivative liabilities	4,509	5,668
Amounts Offset In Statement Of Financial Position [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	(6,821)	(6,110)
Derivative liabilities	(3,830)	(4,968)
Cash collateral assets	(3,843)	(1,784)
Cash collateral liabilities	(861)	(642)
Securities Pledged as Collateral [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	(1,038)	(1,277)
Derivative liabilities	0	0
Net Derivative [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	610	1,005
Derivative liabilities	$ 678	$ 700

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Supplemental Information (Derivatives and Hedging - Cash Flow Hedges) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Summary Of Cash Flow Hedge Activity [Line Items]
Gain (loss) recognized in AOCI	$ 12	$ 446	$ (45)	$ (637)
Gain (loss) reclassified from AOCI into earnings	14	415	(71)	(582)
Interest Rate Contracts
Summary Of Cash Flow Hedge Activity [Line Items]
Gain (loss) recognized in AOCI	12	(7)	31	(10)
Gain (loss) reclassified from AOCI into earnings	(26)	(22)	(55)	(61)
Currency Exchange Contracts
Summary Of Cash Flow Hedge Activity [Line Items]
Gain (loss) recognized in AOCI	1	452	(77)	(625)
Gain (loss) reclassified from AOCI into earnings	40	437	(13)	(520)
Commodity Contracts
Summary Of Cash Flow Hedge Activity [Line Items]
Gain (loss) recognized in AOCI	(1)	1	0	(2)
Gain (loss) reclassified from AOCI into earnings	$ (1)	$ 0	$ (3)	$ (1)

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Supplemental Information (Derivatives and Hedging - Counterparty Credit Risk) (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Derivative, Credit Risk Related Contingent Features [Abstract]
Securities held as collateral	$ 1,038	$ 1,277
Cash collateral	2,991	1,141
Total fair value of collateral	4,882
Collateral Already Posted, Aggregate Fair Value	861
Exposure to counterparties including interest net collateral excluding embedded derivatives	511
Derivative liability after collateral and outstanding interest payments excluding embedded derivatives	721
Amounts Offset In Statement Of Financial Position [Member]
Derivative, Credit Risk Related Contingent Features [Abstract]
Securities held as collateral	(54)	(107)
Cash collateral	$ 3,843	$ 1,784