Contract Assets

9 Months Ended

Sep. 30, 2016

Other Assets [Abstract]

Contract Assets

NOTE 8. CONTRACT ASSETS

(In millions)		September 30, 2016		December 31, 2015
GE
Contract assets	$	24,354	$	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 $2,970 million and $2,602 million at September 30, 2016 and December 31, 2015, respectively.