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 March 31, 2017

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.)
41 Farnsworth Street, Boston, MA	02210
(Address of principal executive offices)	(Zip Code)
(Registrant's telephone number, including area code)(617) 443-3000 _______________________________________________ (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, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer 	Accelerated filer 
Non-accelerated filer 	Smaller reporting company 
Emerging growth company 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.    

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 8,683,963,000 shares of common stock with a par value of $0.06 per share outstanding at March 31, 2017.

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	13
Corporate Items and Eliminations	31
Discontinued Operations	33
Other Consolidated Information	34
Statement of Financial Position	36
Financial Resources and Liquidity	37
Critical Accounting Estimates	44
Other Items	45
Supplemental Information	48
Controls and Procedures	55
Other Financial Data	56
Legal Proceedings	57
Financial Statements and Notes	59
Exhibits	109
Form 10-Q Cross Reference Index	110
Signatures	111

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," "estimate," "forecast" or "target."

Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about our announced plan to combine our Oil & Gas business with Baker Hughes, including projected revenue and cost synergies, impact on our earnings per share, and the timing and structure of the proposed transaction; the completion of 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 Global Holdings, LLC's (GE Capital) retained businesses (Verticals); expected income and Industrial operating profit; earnings per share, including our 2018 target; revenues; organic growth; growth and productivity associated with our Digital and Additive businesses; margins; cost structure and plans to reduce costs; restructuring charges; transaction-related synergies and gains; cash flows, including the impact of working capital, contract assets and pension funding contributions; returns on capital and investment; capital expenditures; capital allocation, including dividends, share repurchases and acquisitions; or capital structure, including leverage.

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 reduce costs as we execute our announced plan to reduce the size of our financial services businesses;

 changes in law, economic and financial conditions, including interest and exchange rate volatility, commodity and equity prices and the value of financial assets;

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

 pending and future mortgage loan repurchase claims, other litigation claims and the U.S. Department of Justice's investigation under the Financial Institutions Reform, Recovery and Enforcement Act of 1989 and other 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;

 our ability to convert Industrial earnings into cash and 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, claims and investigations relating to WMC and other factors;

 our ability to launch new products in a cost-effective manner;

 our ability to increase margins through restructuring and other cost reduction measures;

 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, changes in economic conditions, including oil prices, and other factors that may affect the level of demand and financial performance of the major industries and customers we serve;

 the impact of regulation and regulatory, investigative and legal proceedings and legal compliance risks, including the impact of Alstom investigative and legal proceedings;

 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 and satisfying other closing conditions for, announced transactions, such as our announced plans and transactions to combine our Oil & Gas business with Baker Hughes, to reduce the size of our financial services businesses and to sell our Water and Industrial Solutions businesses;

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

 our ability to realize revenue and cost synergies from announced transactions, acquired businesses and joint ventures, including Alstom and Baker Hughes;

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

 the other factors that are described in the Risk Factors section in our Annual Report on Form 10-K for the year ended December 31, 2016.

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.

2017 1Q FORM 10-Q 3

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 (GE Capital or Financial Services) and its predecessor, General Electric Capital Corporation.

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 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 except 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 – 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 (Non-GAAP), which is GE CFOA excluding the effects of dividends from GE Capital.

 Industrial segment – the sum of our seven industrial reporting segments, without giving effect to the elimination of transactions among such segments and between these segments and our Financial Services segment. 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 seven industrial segments and one financial services segment, without giving effect to the elimination of transactions between 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.

2017 1Q FORM 10-Q 4

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 the caption "earnings from continuing operations attributable to GE 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 GE common shareowners".

 Digital revenues – revenues related to internally developed software and associated hardware, including Predix^TM and software solutions that improve our customers' asset performance. In 2016, we reassessed the span of our digital product offerings, which now excludes software-enabled product upgrades. These revenues are largely generated from our operating businesses and are included in their segment results. Revenues of "Non-GE Verticals" refer to GE Digital revenues from customers operating in industries where GE does not have a presence.

 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 (Non-GAAP) – Industrial segment profit plus corporate items and eliminations (excluding gains, restructuring, and non-operating pension cost) 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 the caption "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 cost (Non-GAAP) – comprises the expected return on plan assets, interest cost on benefit obligations and net actuarial gain (loss) amortization for our principal pension plans.

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

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

 Operating pension cost (Non-GAAP) – comprises the service cost of benefits earned, prior service cost amortization and curtailment gain (loss) for our principal pension plans.

 Organic revenues (Non-GAAP) – revenues excluding the effects of acquisitions, dispositions and translational foreign currency exchange.

2017 1Q FORM 10-Q 5

 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 cost

 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 cash flows from operating activities (Industrial CFOA)

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 the MD&A. Non-GAAP financial measures referred to in this report are either labeled as "non-GAAP" or designated as such with an asterisk (*).

2017 1Q FORM 10-Q 6

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

OUR INDUSTRIAL OPERATING SEGMENTS

	Power		Aviation		Energy Connections & Lighting(a)
	Renewable Energy		Healthcare
	Oil & Gas		Transportation

OUR FINANCIAL SERVICES OPERATING SEGMENT

Capital

(a) Beginning in the third quarter of 2016, the former Energy Connections and Appliances & Lighting segments are presented as one reporting segment called Energy Connections & Lighting. This segment includes the historical results of the Appliances business prior to its sale.

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 and other social media, 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.

2017 1Q FORM 10-Q 7

KEY PERFORMANCE INDICATORS

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

REVENUES PERFORMANCE			GE CFOA
					GE Capital Dividend Industrial CFOA*
INDUSTRIAL ORDERS			INDUSTRIAL BACKLOG
		Equipment Services			Equipment Services
INDUSTRIAL PROFIT & MARGINS			INDUSTRIAL OPERATING PROFIT & MARGINS (NON-GAAP)(a)
			(a) Excluded gains on disposals, non-operating pension cost, restructuring and other charges, and noncontrolling interests

*Non-GAAP Financial Measure

2017 1Q FORM 10-Q 8

KEY PERFORMANCE INDICATORS

(Dollars in billions; per-share amounts in dollars and diluted; attributable to GE common shareowners)

NET EARNINGS (LOSS)	NET EARNINGS (LOSS) PER SHARE
OPERATING EARNINGS (NON-GAAP)	OPERATING EARNINGS PER SHARE (NON-GAAP)
INDUSTRIAL OPERATING + VERTICALS EARNINGS (NON-GAAP)	INDUSTRIAL OPERATING + VERTICALS EPS (NON-GAAP)

2017 1Q FORM 10-Q 9

CONSOLIDATED RESULTS

SIGNIFICANT DEVELOPMENTS IN 2017

Our consolidated results for 2017 were significantly affected by recent portfolio changes, including the 2015 acquisition of Alstom, the disposal of financial services businesses under the GE Capital Exit Plan initiated in 2015 and the 2016 sale of our Appliances business.

2017 SIGNIFICANT TRANSACTIONS

Transactions completed in 2017 included the following:

On January 10, 2017, we completed the acquisition of ServiceMax, a leader in cloud-based field service management (FSM) solutions, for $0.9 billion, net of cash acquired. This acquisition is expected to provide enhanced capabilities to advance our Industrial Internet vision, enabling customers to immediately gain more value from their assets and find greater efficiency in their field service processes.

On April 20, 2017, we completed the acquisition of LM Wind Power, one of the world's largest wind turbine blade manufacturers for an estimated $1.7 billion.

PLANNED TRANSACTIONS

We also announced a number of strategic transactions that we expect to complete in 2017, including the following:

In October 2016, we announced an agreement with Baker Hughes Incorporated (Baker Hughes) to combine our Oil & Gas business and Baker Hughes to create a new company in which GE will hold a 62.5% interest and existing Baker Hughes shareholders will hold a 37.5% interest. Baker Hughes shareholders will also receive a cash dividend funded by a $7.4 billion cash contribution from GE. The transaction is subject to the approval of Baker Hughes shareholders, regulatory approvals and other customary closing conditions. The deal is expected to close mid-2017.

In October 2016, we announced our plan to sell our Water & Process Technologies business. In March 2017, we announced an agreement to sell the business for approximately $3.4 billion to Suez Environnement S.A. (Suez), a French-based utility company operating primarily in the water treatment and waste management sectors. The deal is expected to close mid-2017, subject to customary closing conditions and regulatory approval.

In the first quarter of 2017, we classified our Industrial Solutions business within our Energy Connections & Lighting segment as held for sale. We expect to complete the sale of the business within the next twelve months.

2017 1Q FORM 10-Q 10

CONSOLIDATED RESULTS

THREE MONTHS ENDED MARCH 31

(Dollars in billions)

REVENUES	INDUSTRIAL AND FINANCIAL SERVICES REVENUES

COMMENTARY: 2017 - 2016

Consolidated revenues decreased $0.2 billion, or 1%.

Industrial revenues remained flat due to an increase in industrial segment revenues of approximately $0.1 billion, offset by a decrease at Corporate of $0.1 billion.  Industrial segment revenues increased as organic revenue* increases ($1.7 billion) and the net effects of acquisitions ($0.1 billion) were partially offset by the net effects of dispositions ($1.5 billion) and the effects of a stronger U.S. dollar ($0.1 billion).  In the first quarter of 2016, the net effects of acquisitions increased industrial revenues $2.8 billion while the net effects of dispositions and a stronger U.S. dollar decreased industrial revenues $0.5 billion and $0.5 billion, respectively.

Financial Services revenues decreased by $0.2 billion, or 7%, primarily due to organic revenue declines and lower gains, partially offset by lower impairments.

*Non-GAAP Financial Measure

2017 1Q FORM 10-Q 11

THREE MONTHS ENDED MARCH 31

(Dollars in billions; attributable to GE common shareowners)

CONTINUING EARNINGS (LOSS)	OPERATING EARNINGS (LOSS)*

COMMENTARY: 2017 - 2016

Consolidated earnings increased $0.6 billion.

Financial Services losses decreased $0.8 billion, or 95%, primarily due to lower treasury operation expenses, lower preferred dividend expenses, and lower restructuring expenses associated with the GE Capital Exit Plan.

Industrial earnings decreased $0.1 billion, or 3%, due to increased Corporate restructuring charges of $0.3 billion and decreased gains of $0.1 billion, partially offset by an increase in industrial segment profit of $0.3 billion.

Industrial segment profit increased $0.3 billion, or 9%, as organic operating increases ($0.5 billion) were partially offset by the net effects of dispositions ($0.1 billion).

The net effect of acquisitions on our consolidated operating earnings was an insignificant amount in 2017 and 2016. The net effect of dispositions on consolidated net earnings was a loss of $0.1 billion in 2017 and an insignificant amount in 2016.

Foreign exchange adversely affected industrial operating earnings by $0.1 billion as a result of both translational and transactional impacts related to remeasurement and mark-to-market charges on open hedges.

Earnings per share amounts for the first quarter of 2017 were positively impacted by the reduction in number of outstanding common shares compared to the first quarter of 2016. The average number of shares outstanding used to calculate first quarter 2017 earnings per share was 6% lower than in the first quarter of 2016 as a result of previously disclosed actions, primarily ongoing share buyback activities over the last 12 months funded in large part by dividends from GE Capital.

*Non-GAAP Financial Measure

2017 1Q FORM 10-Q 12

SEGMENT OPERATIONS

SUMMARY OF OPERATING SEGMENTS
	Three months ended March 31
(In millions)		2017		2016	V%
Revenues
Power	$	6,089	$	5,204	17 %
Renewable Energy		2,044		1,669	22 %
Oil & Gas		3,001		3,314	(9)%
Aviation		6,804		6,262	9 %
Healthcare		4,291		4,183	3 %
Transportation		1,039		981	6 %
Energy Connections & Lighting(a)		2,747		4,256	(35)%
Total industrial segment revenues		26,016		25,869	1 %
Capital		2,681		2,885	(7)%
Total segment revenues		28,697		28,754	- %
Corporate items and eliminations		(1,037)		(909)
Consolidated revenues	$	27,660	$	27,845	(1)%
Segment profit (loss)
Power	$	797	$	573	39 %
Renewable Energy		107		83	29 %
Oil & Gas		207		308	(33)%
Aviation		1,684		1,524	10 %
Healthcare		643		631	2 %
Transportation		156		164	(5)%
Energy Connections & Lighting(a)		28		31	(10)%
Total industrial segment profit		3,622		3,314	9 %
Capital		(47)		(892)	95 %
Total segment profit (loss)		3,575		2,422	48 %
Corporate items and eliminations		(2,009)		(1,571)
GE interest and other financial charges		(564)		(440)
GE provision for income taxes		(143)		(164)
Earnings (loss) from continuing operations attributable to GE common shareowners		858		248	F
Earnings (loss) from discontinued operations, net of taxes		(239)		(308)	22 %
Less net earnings attributable to
noncontrolling interests, discontinued operations		-		-	- %
Earnings (loss) from discontinued operations,
net of tax and noncontrolling interest		(239)		(309)	23 %
Consolidated net earnings (loss)
attributable to GE common shareowners	$	619	$	(61)	F
		\

(a) Beginning in the third quarter of 2016, the former Energy Connections and Appliances & Lighting segments are presented as one reporting segment called Energy Connections & Lighting. This segment includes the historical results of the Appliances business prior to its sale in June 2016.

2017 1Q FORM 10-Q 13

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. See the Corporate Items and Eliminations section within this MD&A for additional information about costs excluded from segment profit.

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, income taxes, and preferred stock dividends 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 as follows:

 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.

SIGNIFICANT SEGMENT DEVELOPMENTS

SALE OF APPLIANCES

On January 15, 2016, we announced the signing of an agreement to sell our Appliances business to Haier. On June 6, 2016, we completed the sale for proceeds of $5.6 billion (including $0.8 billion from the sale of receivables originated in our Appliances business and sold from GE Capital to Haier) and recognized an after-tax gain of $1.8 billion in 2016. For the three months ended March 31, 2016, Appliances contributed revenues of $1.5 billion and an operating profit of $0.1 billion.

2017 1Q FORM 10-Q 14

SEGMENT RESULTS – THREE MONTHS ENDED MARCH 31

(Dollars in billions)

INDUSTRIAL SEGMENT EQUIPMENT & SERVICES REVENUES		INDUSTRIAL SEGMENT PROFIT
	Equipment Services

2017 – 2016 COMMENTARY

Industrial segment revenues increased $0.1 billion, or 1%, driven primarily by increases at Power, Renewable Energy and Aviation, partially offset by a decrease at Energy Connections & Lighting primarily due to the sale of the Appliances business in the second quarter of 2016, a decrease at Oil & Gas primarily due to market conditions, and an unfavorable foreign exchange impact.

Industrial segment profit increased $0.3 billion, or 9%, driven primarily by higher earnings at Power and Aviation, partially offset by lower earnings at Oil & Gas as well as an unfavorable foreign exchange impact.

Industrial segment margin increased 110 bps to 13.9% in 2017 from 12.8% in 2016 driven by higher cost productivity and simplification, partially offset by negative business mix and the effects of inflation. The increase in industrial segment margin reflects increases at Power, Aviation and Energy Connections & Lighting, offset by decreases at Oil & Gas and Transportation.

2017 1Q FORM 10-Q 15

POWER

OPERATIONAL OVERVIEW

(Dollars in billions)

2017 YTD SUB-SEGMENT REVENUES		EQUIPMENT/SERVICES REVENUES
(a) Includes Water & Process Technologies, Distributed Power and GE Hitachi Nuclear		Services  Equipment
ORDERS		BACKLOG
	Equipment Services		Equipment Services
UNIT SALES

2017 1Q FORM 10-Q 16

FINANCIAL OVERVIEW

(Dollars in billions)

SEGMENT REVENUES		SEGMENT PROFIT	SEGMENT PROFIT MARGIN
	Equipment Services

SEGMENT REVENUES & PROFIT WALK:					COMMENTARY: 2017 - 2016
					Segment revenues up $0.9 billion (17%); Segment profit up $0.2 billion (39%): The increase in revenues was driven by higher equipment volume, primarily at Gas Power Systems as a result of 7 more gas turbine shipments and 23 more Heat Recovery Steam Generator shipments than in the prior year. The increase in revenues was partially offset by the effects of a stronger U.S. dollar versus the Euro. The increase in profit was due to higher cost productivity on higher volume, partially offset by an unfavorable business mix due to higher equipment volume versus services volume.
	Revenues		Profit
March 31, 2016	$	5.2	$	0.6
Volume		0.9		0.1
Price		-		-
Foreign Exchange		(0.1)		-
(Inflation)/Deflation		N/A		-
Mix		N/A		(0.2)
Productivity		N/A		0.3
Other		-		-
March 31, 2017	$	6.1	$	0.8

2017 1Q FORM 10-Q 17

RENEWABLE ENERGY

OPERATIONAL OVERVIEW

(Dollars in billions)

2017 YTD SUB-SEGMENT REVENUES		EQUIPMENT/SERVICES REVENUES
		Services  Equipment
ORDERS		BACKLOG
	Equipment Services		Equipment Services
UNIT SALES

2017 1Q FORM 10-Q 18

FINANCIAL OVERVIEW

(Dollars in billions)

SEGMENT REVENUES		SEGMENT PROFIT	SEGMENT PROFIT MARGIN
	Equipment Services

SEGMENT REVENUES & PROFIT WALK:					COMMENTARY: 2017 - 2016
					Segment revenues up $0.4 billion (22%); Segment profit up 29%: The increase in revenues was primarily driven by higher volume due to higher equipment sales at Hydro and increased repowering projects at Onshore Wind, partially offset by 101 fewer wind turbine shipments than in the prior year. Revenue also increased due to the effects of a weaker U.S. dollar versus the Brazilian Real and increased other income including a favorable foreign exchange transactional impact. The increase in profit was due to material deflation and increased other income including a favorable foreign exchange transactional impact. These increases were partially offset by lower cost productivity.
	Revenues		Profit
March 31, 2016	$	1.7	$	0.1
Volume		0.3		-
Price		-		-
Foreign Exchange		0.1		-
(Inflation)/Deflation		N/A		0.1
Mix		N/A		-
Productivity		N/A		(0.1)
Other		0.1		0.1
March 31, 2017	$	2.0	$	0.1

2017 1Q FORM 10-Q 19

OIL & GAS

OPERATIONAL OVERVIEW

(Dollars in billions)

2017 YTD SUB-SEGMENT REVENUES		EQUIPMENT/SERVICES REVENUES
		Services           Equipment
ORDERS		BACKLOG
	Equipment Services		Equipment Services

2017 1Q FORM 10-Q 20

FINANCIAL OVERVIEW

(Dollars in billions)

SEGMENT REVENUES		SEGMENT PROFIT	SEGMENT PROFIT MARGIN
	Equipment Services

SEGMENT REVENUES & PROFIT WALK:					COMMENTARY: 2017 - 2016
					Segment revenues down $0.3 billion (9%); Segment profit down $0.1 billion (33%): The decrease in revenues was primarily driven by negative market conditions which resulted in lower equipment volume across all sub-segments. Revenues also decreased due to lower prices. The decrease in operating profit was primarily market driven resulting in lower prices and volume. Despite the effects of restructuring actions and an increase in earnings in our long-term service contracts, profit also decreased due to lower cost productivity.
	Revenues		Profit
March 31, 2016	$	3.3	$	0.3
Volume		(0.2)		-
Price		(0.1)		(0.1)
Foreign Exchange		-		-
(Inflation)/Deflation		N/A		-
Mix		N/A		-
Productivity		N/A		-
Other		-		-
March 31, 2017	$	3.0	$	0.2

2017 1Q FORM 10-Q 21

AVIATION

OPERATIONAL OVERVIEW

(Dollars in billions)

2017 YTD SUB-SEGMENT REVENUES		EQUIPMENT/SERVICES REVENUES
		Services  Equipment
ORDERS		BACKLOG
	Equipment Services		Equipment Services
UNIT SALES
(a) LEAP engines are a subset of commercial engines (b) Commercial externally shipped spares and spares used in time & material shop visits in millions of dollars per day

2017 1Q FORM 10-Q 22

FINANCIAL OVERVIEW

(Dollars in billions)

SEGMENT REVENUES		SEGMENT PROFIT	SEGMENT PROFIT MARGIN
	Equipment Services

SEGMENT REVENUES & PROFIT WALK:					COMMENTARY: 2017 - 2016
					Segment revenues up $0.5 billion (9%); Segment profit up $0.2 billion (10%): The increase in revenues was primarily due to higher services volume including an increase in the commercial spares shipment rate as well as military spares shipments. Equipment revenue decreased slightly due to 31 fewer Military engine shipments than in the prior year. This was partially offset by higher valued commercial shipments including 81 more LEAP and 16 more GEnx engine shipments than in the prior year. The increase in profit was mainly due to higher services volume and higher prices, partially offset by the unfavorable effects of inflation.
	Revenues		Profit
March 31, 2016	$	6.3	$	1.5
Volume		0.5		0.1
Price		0.1		0.1
Foreign Exchange		-		-
(Inflation)/Deflation		N/A		(0.1)
Mix		N/A		-
Productivity		N/A		-
Other		-		-
March 31, 2017	$	6.8	$	1.7

2017 1Q FORM 10-Q 23

HEALTHCARE

OPERATIONAL OVERVIEW

(Dollars in billions)

2017 YTD SUB-SEGMENT REVENUES		EQUIPMENT/SERVICES REVENUES
		Services  Equipment
ORDERS		BACKLOG
	Equipment Services		Equipment Services

2017 1Q FORM 10-Q 24

FINANCIAL OVERVIEW

(Dollars in billions)

SEGMENT REVENUES		SEGMENT PROFIT	SEGMENT PROFIT MARGIN
	Equipment Services

SEGMENT REVENUES & PROFIT WALK:					COMMENTARY: 2017 - 2016
					Segment revenues up $0.1 billion (3%); Segment profit up 2%: The increase in revenues was due to higher services and equipment volume driven by Healthcare Systems and Life Sciences, partially offset by lower prices at Healthcare Systems. The increase in profit was mainly due to higher cost productivity driven by cost savings resulting from previous restructuring actions, partially offset by lower prices at Healthcare Systems.
	Revenues		Profit
March 31, 2016	$	4.2	$	0.6
Volume		0.2		-
Price		(0.1)		(0.1)
Foreign Exchange		-		-
(Inflation)/Deflation		N/A		-
Mix		N/A		-
Productivity		N/A		0.1
Other		-		-
March 31, 2017	$	4.3	$	0.6

2017 1Q FORM 10-Q 25

TRANSPORTATION

OPERATIONAL OVERVIEW

(Dollars in billions)

2017 YTD SUB-SEGMENT REVENUES		EQUIPMENT/SERVICES REVENUES
(a) Includes Digital Solutions and Marine, Stationary & Drilling		Services  Equipment
ORDERS		BACKLOG
	Equipment Services		Equipment Services
UNIT SALES

2017 1Q FORM 10-Q 26

FINANCIAL OVERVIEW

(Dollars in billions)

SEGMENT REVENUES		SEGMENT PROFIT	SEGMENT PROFIT MARGIN
	Equipment Services

SEGMENT REVENUES & PROFIT WALK:					COMMENTARY: 2017 - 2016
					Segment revenues up $0.1 billion (6%); Segment profit down 5%: The increase in revenues was due to higher locomotive equipment volume as a result of increased international shipments, offset by decreased North America shipments. The increase in equipment volume was partially offset by lower services volume. The decrease in profit was due to unfavorable business mix and decreased other income including an unfavorable foreign exchange transactional impact. These decreases were partially offset by higher volume and higher cost productivity.
	Revenues		Profit
March 31, 2016	$	1.0	$	0.2
Volume		0.1		-
Price		-		-
Foreign Exchange		-		-
(Inflation)/Deflation		N/A		-
Mix		N/A		-
Productivity		N/A		-
Other		-		-
March 31, 2017	$	1.0	$	0.2

2017 1Q FORM 10-Q 27

ENERGY CONNECTIONS & LIGHTING

OPERATIONAL OVERVIEW

(Dollars in billions)

2017 YTD SUB-SEGMENT REVENUES		EQUIPMENT/SERVICES REVENUES
(a) Includes Current, powered by GE		Services  Equipment
ORDERS		BACKLOG
	Equipment Services		Equipment Services

2017 1Q FORM 10-Q 28

FINANCIAL OVERVIEW

(Dollars in billions)

SEGMENT REVENUES		SEGMENT PROFIT (LOSS)	SEGMENT PROFIT MARGIN
	Equipment Services

SEGMENT REVENUES & PROFIT WALK:					COMMENTARY: 2017 - 2016
					Segment revenues down $1.5 billion (35%); Segment profit down 10%: The decrease in revenues was mainly due to the Appliances disposition in June 2016 as well as lower Lighting revenues driven by declines in traditional lighting, partially offset by increases in LED and Solar at Current. Energy Connections revenues increased primarily due to increased volume at Grid Solutions, partially offset by a decrease at Power Conversion. The decrease in profit was due to lower volume driven by the Appliances disposition in June 2016, partially offset by increases across Energy Connections, Current, and Lighting due to increased cost productivity.
	Revenues		Profit
March 31, 2016	$	4.3	$	-
Volume		(1.5)		(0.1)
Price		-		-
Foreign Exchange		-		-
(Inflation)/Deflation		N/A		-
Mix		N/A		-
Productivity		N/A		0.1
Other		-		-
March 31, 2017	$	2.7	$	-

2017 1Q FORM 10-Q 29

CAPITAL

OPERATIONAL AND FINANCIAL OVERVIEW

(Dollars in billions)

2017 YTD SUB-SEGMENT REVENUES		SEGMENT REVENUES
			Total Capital Other Continuing Verticals
SEGMENT PROFIT (LOSS)(a)
	Verticals Other Continuing Total Capital

(a) Includes interest and other financial charges and income taxes.

SIGNIFICANT TRENDS & DEVELOPMENTS

As of March 30, 2017, GE Capital's non-US activities are no longer subject to consolidated supervision by the U.K.'s Prudential Regulation Authority (PRA). This completes GE Capital's global exit from consolidated supervision, having had its designation as a Systemically Important Financial Institution (SIFI) removed in June 2016.

GE Capital paid common dividends of $2.0 billion and $7.5 billion to GE in the three months ended March 31, 2017 and 2016, respectively. In April 2017, GE received an additional $2.0 billion in common dividends from GE Capital.

COMMENTARY: 2017 - 2016

Capital revenues decreased by $0.2 billion, or 7%, primarily due to organic revenue declines and lower gains, partially offset by lower impairments.

Capital losses decreased $0.8 billion, or 95%, primarily due to lower treasury operation expenses, lower preferred dividend expenses and lower restructuring expenses associated with the GE Capital Exit Plan.

 Within Capital, Verticals net earnings increased due to lower impairments ($0.1 billion) and core increases ($0.1 billion), partially offset by lower gains ($0.1 billion).

 Other Capital losses decreased by $0.8 billion, or 58%, primarily associated with the GE Capital Exit Plan as follows:

· Lower treasury operation expenses of $0.4 billion reflecting lower excess interest expense, including costs associated with the February 2016 hybrid tender and derivative activities that reduce or eliminate interest rate, currency or market risk between financial assets and liabilities.

· Lower preferred dividend expenses of $0.3 billion associated with the January 2016 preferred equity exchange.

· Lower restructuring expenses of $0.1 billion.

2017 1Q FORM 10-Q 30

CORPORATE ITEMS AND ELIMINATIONS
REVENUES AND OPERATING PROFIT (COST)
		Three months ended March 31
(In millions)			2017		2016
Revenues
	Gains (losses) on disposals	$	2	$	59
	Eliminations and other		(1,039)		(968)
Total Corporate Items and Eliminations		$	(1,037)	$	(909)
Operating profit (cost)
	Gains (losses) on disposals		2		59
	Restructuring and other charges	$	(1,020)	$	(686)
	Principal retirement plans(a)		(534)		(468)
	Eliminations and other		(457)		(476)
Total Corporate Items and Eliminations		$	(2,009)	$	(1,571)
CORPORATE COSTS
		Three months ended March 31
(In millions)			2017		2016
Total Corporate Items and Eliminations		$	(2,009)	$	(1,571)
Less non-operating pension cost			(578)		(512)
Total Corporate costs (operating)*		$	(1,431)	$	(1,059)
Less restructuring and other charges			(1,020)		(686)
Less gains (losses) on disposals			2		59
Adjusted total corporate costs (operating)*		$	(414)	$	(431)

(a) Included non-operating pension cost* of $0.6 billion and $0.5 billion in the three months ended March 31, 2017 and 2016, respectively, which includes expected return on plan assets, interest costs and non-cash amortization of actuarial gains and losses.

2017 – 2016 COMMENTARY

Revenues and other income decreased $0.1 billion, primarily as a result of:

 $0.1 billion of lower gains due to the nonrecurrence of the sale of two floors in 30 Rockefeller Plaza, New York City in the first quarter of 2016, and

 $0.1 billion increase in inter-segment eliminations.

Operating costs increased $0.4 billion, primarily as a result of:

• $0.3 billion higher restructuring and other charges, which included $0.2 billion of increased restructuring and other charges associated with Alstom synergy investments,

• $0.1 billion of lower gains due to the nonrecurrence of the sale of two floors in 30 Rockefeller Plaza, New York City in the first quarter of 2016, and

• $0.1 billion of higher costs associated with our principal retirement plans, including the effects of lower discount rates

*Non-GAAP Financial Measure

2017 1Q FORM 10-Q 31

RESTRUCTURING

Restructuring actions are an essential component of our cost improvement efforts to both existing operations and those recently acquired. Restructuring and other charges relate primarily to workforce reductions, facility exit costs associated with the consolidation of sales, service and manufacturing facilities, the integration of recent acquisitions, including Alstom, and other asset write-downs. We continue to closely monitor the economic environment and may undertake further restructuring actions to more closely align our cost structure with earnings goals.

RESTRUCTURING & OTHER CHARGES
		Three months ended March 31
(In billions)		2017		2016
Workforce reductions	$	0.5	$	0.2
Plant closures & associated costs and other asset write-downs		0.3		0.1
Acquisition/disposition net charges		0.2		0.2
Other		-		0.1
Total	$	1.0	$	0.7

For the three months ended March 31, 2017, restructuring and other charges were $1.0 billion of which approximately $0.7 billion was reported in cost of products/services and $0.4 billion was reported in other costs and expenses (SG&A). These activities were primarily at Power, Corporate and Energy Connections & Lighting. Cash expenditures for restructuring and other charges were approximately $0.6 billion for three months ended March 31, 2017.

For the three months ended March 31, 2016, restructuring and other charges were $0.7 billion of which approximately $0.4 billion was reported in cost of products/services and $0.2 billion was reported in other costs and expenses (SG&A). These activities were primarily at Oil & Gas, Power and Healthcare. Cash expenditures for restructuring and other charges were approximately $0.4 billion for the three months ended March 31, 2016.

COSTS NOT INCLUDED IN SEGMENT RESULTS

As discussed in the Segment Operations section within the MD&A, 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. The amount of costs not included in segment results follows.

COSTS
	Three months ended March 31
(In billions)		2017		2016
Power	$	0.4	$	0.2
Renewable Energy		-		-
Oil & Gas		0.1		0.2
Aviation		-		-
Healthcare		0.1		0.1
Transportation		0.1		-
Energy Connections & Lighting		0.2		0.1
Total	$	0.8	$	0.7

2017 1Q FORM 10-Q 32

DISCONTINUED OPERATIONS

Discontinued operations primarily relate to our financial services businesses as a result of the GE Capital Exit Plan and includes our 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 March 31, 2017, we provided specific indemnifications to buyers of GE Capital's assets that amounted to $2.6 billion, for which we have recognized related liabilities of $0.3 billion. In addition, in connection with the 2015 public offering and sale of our North American Retail Finance business, Synchrony Financial, GE Capital indemnified Synchrony Financial and its directors, officers, and employees against the liabilities of GECC's businesses other than historical liabilities of the businesses that are part of Synchrony Financial's ongoing operations.

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

FINANCIAL INFORMATION FOR DISCONTINUED OPERATIONS
	Three months ended March 31
(In millions)	2017		2016
Earnings (loss) from discontinued operations, net of taxes	$	(239)	$	(308)

The first quarter 2017 loss from discontinued operations, net of taxes, primarily reflected the following:

 $0.1 billion after-tax loss from operations, and

 $0.1 billion after-tax loss on disposals.

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

 $0.4 billion after-tax loss on disposals, and

 $0.1 billion after-tax earnings from operations.

See Note 2 to the consolidated financial statements for additional information related to discontinued operations.

2017 1Q FORM 10-Q 33

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 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 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 MONTHS ENDED MARCH 31

(Dollars in billions)

PROVISION (BENEFIT) FOR INCOME TAXES

2017 – 2016 COMMENTARY

 The consolidated income tax rate was 2% and a negative 74% for the quarters ended March 31, 2017 and 2016, respectively.

 The first quarter 2017 consolidated tax rate reflects a 92% tax rate on $0.1 billion of pre-tax loss at GE Capital and a 15% tax rate on $1.0 billion of pre-tax income at GE.

 The first quarter 2016 consolidated tax rate reflects a 36% tax rate on $0.9 billion of pre-tax loss at GE Capital and a 14% tax rate on $1.2 billion of pre-tax income at GE.

 Consolidated income tax expense was insignificant in the first quarter of 2017 and a tax benefit of $0.2 billion for the first quarter of 2016.  The increase in tax expense is primarily due to a larger adjustment to bring the first quarter rate in-line with the higher projected full-year rate, the increase in pretax income taxed at above the average tax rate, partially offset by a larger benefit from global activities.

 The consolidated tax provision includes $0.1 billion and $0.2 billion for GE (excluding GE Capital) for the first quarters of 2017 and 2016, respectively.

 The effective tax rate in future periods is expected to increase as a result of changes in our income profile due to changes in GE Capital earnings as we continue to execute on the GE Capital Exit Plan.  We expect the GE effective tax rate to be in the mid-teens for the full year of 2017.

2017 1Q FORM 10-Q 34

BENEFITS FROM GLOBAL OPERATIONS

Our consolidated income tax provision is reduced 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.

2017 1Q FORM 10-Q 35

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 THREE MONTHS ENDED

MARCH 31, 2017

 Cash and equivalents decreased $6.6 billion. GE Cash and equivalents decreased $2.7 billion due to dividends of $2.1 billion, cash used for industrial operating activities of $1.6 billion, treasury stock net purchases of $1.6 billion (cash basis), settlement of the remaining portion of a short-term loan from GE Capital of $1.3 billion, business acquisitions of $1.0 billion and net PP&E additions of $0.6 billion. The decrease was partially offset by long-term intercompany loans from GE Capital of $4.1 billion and common dividends from GE Capital of $2.0 billion. GE Capital Cash and equivalents decreased $3.9 billion primarily driven by $8.2 billion net repayments of debt, long-term intercompany loans to GE of $4.1 billion and $2.0 billion in payments of dividends to shareowners, partially offset by $3.0 billion in net collections of financing receivables, $2.7 billion in maturities of liquidity investments, $1.8 billion of proceeds from borrowings assumed by the buyer in a business disposition, $1.5 billion related to cash collections from discontinued operations and $1.3 billion maturity of a short-term loan to GE. See the Statement of Cash Flows section for additional information.

 Contract assets increased $2.2 billion, primarily due to adjustments driven by lower forecasted cost to complete the contracts and timing of billings relative to revenue recognition on our long-term equipment and service contracts.

 Assets of discontinued operations decreased $5.0 billion, primarily due to the disposition of businesses. See Note 2 to the consolidated financial statements for additional information.

 Borrowings decreased $7.8 billion, primarily due to net repayment of debt at GE Capital. See Note 10 to the consolidated financial statements for additional information.

 Liabilities of discontinued operations decreased $2.4 billion, primarily driven by the disposition of businesses. See Note 2 to the consolidated financial statements for additional information.

 Common stock held in treasury increased $1.8 billion, primarily due to treasury stock purchases of $2.3 billion (book basis), partially offset by treasury stock issuances of $0.6 billion.

2017 1Q FORM 10-Q 36

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, with a balance of $2.0 billion at March 31, 2017, that we regularly use to fund operations in the U.S., principally within the quarters.

During 2017, GE plans to incur new long-term debt to refinance existing unsecured term debt, finance the Baker Hughes transaction, and for other corporate purposes. This new debt may consist of new unsecured term debt issued by GE or intercompany arrangements between GE and GE Capital utilizing GE Capital's excess unsecured term debt. During the first quarter of 2017, GE and GE Capital entered into a series of intercompany loans totaling $4.1 billion, which utilized a portion of GE Capital's excess unsecured term debt.  Such intercompany loans collectively have a weighted average interest rate and term of 3.6% and approximately 15 years, respectively. The remaining $1.3 billion short-term intercompany loan balance at December 31, 2016 was paid by GE in January 2017.

Based on asset and liability management actions we have taken, GE Capital does not plan to issue any incremental GE Capital senior unsecured term debt until 2019. GE Capital's global commercial paper balance totaled $5.0 billion at March 31, 2017. GE Capital mainly relies on excess cash positions, cash generated through dispositions, and the cash flow from our Verticals to fund our debt maturities, including the current portion of long-term debt ($16.3 billion at March 31, 2017), 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 continue to have excess interest costs as asset sales have outpaced 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.

We maintain a detailed liquidity policy for GE Capital that defines GE Capital's liquidity risk tolerance under stress based on its liquidity sources, and a comprehensive framework for managing liquidity risk including metrics to identify and monitor liquidity risk and procedures to escalate and address potential issues.

In 2015, senior unsecured notes and commercial paper were assumed by GE upon its merger with GE Capital resulting in an intercompany receivable and payable between GE and GE Capital. On the GE balance sheet, assumed debt is presented within borrowings with an offsetting receivable from GE Capital and on the GE Capital balance sheet, this is reflected as an intercompany payable to GE within borrowings. The intercompany receivable and payable are further reduced by certain intercompany loans from GE Capital to GE, which bear the right of offset against amounts owed under the assumed debt agreement (see Note 10 for additional information). The following table illustrates total GE and GE Capital external debt and debt assumed by GE as of March 31, 2017.

March 31, 2017 (In billions)		GE		GE Capital		Consolidated(a)
External debt	$	74.0	$	55.8	$	128.7
Debt assumed by GE from GE Capital		(54.4)		54.4		-
Intercompany loans		4.1		(4.1)		-
Total intercompany payable (receivable) between GE and GE Capital		(50.3)		50.3		-
Debt adjusted for assumed debt and intercompany loans	$	23.7	$	106.1	$	128.7

(a)Includes $1.2 billion elimination of other intercompany borrowings between GE and GE Capital.

2017 1Q FORM 10-Q 37

LIQUIDITY SOURCES

In addition to GE cash of $7.9 billion at March 31, 2017, GE Capital maintained liquidity sources of $43.4 billion that consisted of cash and equivalents of $33.7 billion, high-quality investments of $8.9 billion and cash and equivalents of $0.8 billion classified as discontinued operations. Additionally, at March 31, 2017, GE has $20.0 billion of committed unused credit lines extended by 36 banks in a syndicated credit facility agreement, as well as $5.1 billion of committed unused operating lines extended by nine banks. GE Capital has the right to compel GE to borrow under these credit lines and transfer the proceeds as loans to GE Capital.

CASH AND EQUIVALENTS
(In billions)		March 31, 2017			March 31, 2017
GE(a)	$	7.9	U.S.	$	6.6
GE Capital(b)		33.7	Non-U.S.(c)		35.0

(a) At March 31, 2017, $3.5 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 March 31, 2017, GE Capital cash and equivalents of about $0.3 billion was primarily in insurance entities and was subject to regulatory restrictions.

(c) Of this amount at March 31, 2017, $0.7 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.

During the first quarter of 2017, there were no new senior unsecured debt issuances.

COMMERCIAL PAPER
(In billions)	GE		GE Capital
Average commercial paper borrowings during the first quarter of 2017	$	14.8	$	5.0
Maximum commercial paper borrowings outstanding during the first quarter of 2017		19.7		5.2

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. At March 31, 2017, consolidated non-recourse securitization borrowings were $0.7 billion.

GE GUARANTEE OF CERTAIN GE CAPITAL DEBT

GE provides implicit and explicit support to GE Capital through commitments, capital contributions and operating support. At March 31, 2017, debt assumed by GE from GE Capital in connection with the merger of GE Capital into GE was $54.4 billion, and GE guaranteed $45.3 billion of GE Capital debt. See Note 20 to the consolidated financial statements for further information on the guarantor financial statements.

FOREIGN CURRENCY EXPOSURE

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. Such principal currencies are euro, the pound sterling, the Brazilian real and the Chinese renminbi. 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. We use a number of techniques to manage the effects of currency exchange, including selective borrowings in local currencies and selective hedging of significant cross-currency transactions. 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 net earnings by $0.1 billion for the three months ended March 31, 2017.

2017 1Q FORM 10-Q 38

See Notes 16 and 21 to the consolidated financial statements for further information about our risk exposures, our use of derivatives, and the effects of this activity on our financial statements.

STATEMENT OF CASH FLOWS - THREE MONTHS ENDED MARCH 31, 2017 VERSUS 2016

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.

GE CASH FLOWS – THREE MONTHS ENDED MARCH 31

(In billions)

OPERATING CASH FLOWS		INVESTING CASH FLOWS		FINANCING CASH FLOWS
2016	2017	2016	2017	2016	2017

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.

All other operating activities reflect cash sources and uses as well as non-cash adjustments to net income including those related to taxes, interest, pension, contract assets and gains (losses) on principal business dispositions. See Note 21 to the consolidated financial statements for further information.

See the Intercompany Transactions between GE and GE Capital section within the MD&A and Notes 4 and 19 to the consolidated financial statements for further information regarding certain transactions affecting our consolidated Statement of Cash Flows.

2017 1Q FORM 10-Q 39

2017 – 2016 COMMENTARY

GE cash from operating activities decreased $7.5 billion primarily due to the following:

 GE Capital paid common dividends totaling $2.0 billion and $7.5 billion to GE in the three months ended March 31, 2017 and 2016, respectively.

 Cash used for industrial operating activities of $1.6 billion in the three months ended March 31, 2017, compared to cash generated of $0.4 billion in the three months ended March 31, 2016, primarily due to the following:

 Net income plus depreciation of $1.5 billion and $1.8 billion in the three months ended March 31, 2017 and 2016, respectively.

 Cash used for working capital of $1.3 billion and $1.1 billion in the three months ended March 31, 2017 and 2016, respectively. The increase in cash used for working capital was primarily due to decreases in progress collections, partially offset by a decrease in inventory build.

 An increase in contract assets of $1.9 billion and $0.7 billion in the three months ended March 31, 2017 and 2016, respectively, primarily due to adjustments driven by lower forecasted cost to complete the contracts and timing of billings relative to revenue recognition on our long-term equipment and service contracts.

 See Note 21 to the consolidated financial statements for further information regarding cash sources and uses as well as non-cash adjustments to net income reported as All other operating activities.

GE cash used for investing activities increased $0.5 billion primarily due to the following:

 An increase in business acquisition activities of $1.0 billion, primarily driven by the acquisition of ServiceMax for $0.9 billion (net of cash acquired) in the three months ended March 31, 2017.

 This is partially offset by the funding of a joint venture at our Aviation business of $0.3 billion in the three months ended March 31, 2016.

GE cash used for financing activities decreased $6.2 billion primarily due to the following:

 Net repurchases of GE treasury shares of $1.6 billion and $6.3 billion (including $2.0 billion paid under ASR agreements) in the three months ended March 31, 2017 and 2016, respectively.

 A net increase in borrowings of $1.4 billion, driven by long-term loans from GE Capital to GE of $4.1 billion in the three months ended March 31, 2017, partially offset by the settlement of the remaining balance of a short-term loan from GE Capital to GE of $1.3 billion and a decrease of GE issued unsecured notes of $0.5 billion.

GE CAPITAL CASH FLOWS – THREE MONTHS ENDED MARCH 31

(In billions)

OPERATING CASH FLOWS		INVESTING CASH FLOWS		FINANCING CASH FLOWS
2016	2017	2016	2017	2016	2017

2017 1Q FORM 10-Q 40

2017 – 2016 COMMENTARY – CONTINUING OPERATIONS:

GE Capital cash from operating activities-continuing operations increased $0.5 billion primarily due to the following:

 Lower income tax payments of $1.8 billion, lower assets originated as held for sale of $0.5 billion and a general increase in cash generated from earnings of continuing operations.

 These increases were partially offset by a net decrease in cash collateral received from counterparties on derivative contracts of $2.0 billion.

GE Capital cash from investing activities-continuing operations decreased $21.1 billion primarily due to the following:

 Net proceeds from the sales of our discontinued operations of $0.8 billion compared to $36.5 billion in 2016.

 Loans originated from GE Capital to GE of $4.1 billion offset by a $1.3 billion settlement of the remaining portion of a 2016 short-term loan from GE Capital to GE.

 Net cash received from derivative settlements of $0.2 billion compared to $0.7 billion in 2016.

 These decreases were partially offset by the following increases:

 Investment in interest bearing deposits of $3.6 billion in 2016.

 Maturity of liquidity investments of $2.7 billion in 2017.

 Higher net collections of financing receivables of $1.5 billion in 2017.

 Reduction in funding related to discontinued operations.

GE Capital cash used for financing activities-continuing operations decreased $11.1 billion primarily due to the following:

 GE Capital paid common dividends to GE totaling $2.0 billion compared to $7.5 billion in 2016.

 Lower net repayments of borrowings of $8.2 billion compared to $14.0 billion in 2016.

GE CAPITAL DISCONTINUED OPERATIONS CASH FLOWS – THREE MONTHS ENDED

MARCH 31

(In billions)

OPERATING CASH FLOWS		INVESTING CASH FLOWS			FINANCING CASH FLOWS
2016	2017	2016	2017	2016		2017

2017 – 2016 COMMENTARY – DISCONTINUED OPERATIONS:

GE Capital cash used for operating activities-discontinued operations decreased $0.6 billion primarily due to the following:

 Lower cash paid for income taxes in 2017.

GE Capital cash from investing activities-discontinued operations decreased $9.0 billion primarily due to the following:

 Lower cash of $5.6 billion primarily related to disposition proceeds retained in discontinued operations in 2016.

 Reduction in funding from continuing operations (primarily our treasury operations).

 Sale of bank deposits for $0.5 billion in net cash paid related to our Consumer platform during 2017.

GE Capital cash used for financing activities-discontinued operations decreased $2.0 billion primarily due to the following:

 Debt issued of $1.8 billion by a discontinued business sold during the first quarter of 2017.

2017 1Q FORM 10-Q 41

INTERCOMPANY TRANSACTIONS BETWEEN GE AND GE CAPITAL

We are repositioning GE to be the world's best infrastructure and technology company, with a smaller financial services division. Our focus is on driving infrastructure leadership, investing in innovation and achieving a culture of simplification to better serve our customers around the world. Over the last decade, we have made significant strides in transforming our portfolio and focusing on our industrial leadership. We have grown our infrastructure platforms with major portfolio moves, investing in adjacencies and pursuing opportunities that are closely related to our core.

In parallel, we have made a concentrated effort to reduce the size of our GE Capital business and align its growth with Industrial earnings. As a result, GE Capital vertical businesses are now focused on investing financial, human and intellectual capital to promote growth for our industrial businesses and their customers. GE Capital accomplishes this in part through related party transactions with GE that are made on an arms-length basis and are reported in the respective GE and GE Capital columns of our financial statements, but are eliminated in deriving our consolidated financial statements. These transactions include, but are not limited to, the following:

 GE Capital dividends to GE,

 GE Capital working capital solutions to optimize GE cash management,

 GE Capital enabled GE industrial orders, and

 Aircraft engines, power equipment and healthcare equipment manufactured by GE that are installed on GE Capital investments, including leased equipment.

In addition to the above transactions that primarily enable growth for the GE businesses, there are routine related party transactions, which include, but are not limited to, the following:

 Expenses related to parent-subsidiary pension plans,

 Buildings and equipment leased between GE and GE Capital, including sale-leaseback transactions,

 Information technology (IT) and other services sold to GE Capital by GE, and

 Various investments, loans and allocations of GE corporate overhead costs.

CASH FLOWS

GE Capital paid $2.0 billion and $7.5 billion of common dividends to GE in the three months ended March 31, 2017 and 2016, respectively. In April 2017, GE received an additional $2.0 billion in common dividends from GE Capital.

In order to manage credit exposure, GE sells current receivables to GE Capital and other third parties in part to fund the growth of our industrial businesses. These transactions can result in cash generation or cash use. During any given period, GE receives cash from the sale of receivables to GE Capital and other third parties. GE also leverages GE Capital for its expertise in receivables collection services and sales of receivables to GE Capital are made on an arm's length basis. The incremental amount of cash received from sales of receivables represents the cash generated or used in the period relating to this activity. The effect of cash generated in GE CFOA from current receivables sold to GE Capital, including current receivables subsequently sold to third parties, decreased GE's CFOA by $3.3 billion and $2.1 billion in the three months ended March 31, 2017 and 2016, respectively.

As of March 31, 2017, GE Capital had approximately $10.0 billion recorded on its balance sheet related to current receivables purchased from GE. Of these amounts, approximately half had been sold by GE to GE Capital with recourse (i.e., the GE business retains the risk of default). The evaluation of whether recourse transactions qualify for accounting derecognition is based, in part, upon the legal jurisdiction of the sale; as such, the majority of recourse transactions outside the U.S. qualify for sale treatment. Claims by GE Capital on receivables sold with recourse to GE have not been significant for the three months ended March 31, 2017 and 2016.

In December 2016, GE Capital entered into a Receivables Facility with members of a bank group, designed to provide extra liquidity to GE. The Receivables Facility allows us to sell eligible current receivables on a non-recourse basis for cash and a deferred purchase price to members of the bank group. The purchase commitment of the bank group remains at $3.0 billion at March 31, 2017. See Note 4 to the consolidated financial statements for further information.

2017 1Q FORM 10-Q 42

ENABLED ORDERS

Enabled orders represent the act of introducing, elevating and influencing customers and prospects that result in an industrial sale, potentially coupled with programmatic captive financing or driving incremental products or services across the GE Store. During the three months ended March 31, 2017 and 2016, GE Capital enabled $2.2 billion and $1.6 billion of GE industrial orders, respectively. March 31, 2017 orders are primarily with our Power ($0.9 billion), Renewable Energy ($0.7 billion) and Healthcare ($0.2 billion) businesses.

AVIATION

During the three months ended March 31, 2017 and 2016, GE Capital acquired 9 aircraft (list price totaling $1.1 billion) and 10 aircraft (list price totaling $1.0 billion), respectively, from third parties that will be leased to others, which are powered by engines that were manufactured by GE Aviation and affiliates. Additionally, GE Capital had $1.6 billion and $1.5 billion of net book value of engines, originally manufactured by GE Aviation and affiliates and subsequently leased back to GE Aviation and affiliates at March 31, 2017 and December 31, 2016, respectively.

POWER AND RENEWABLE ENERGY

GE leverages GE Capital for its expertise in structuring long-term financing arrangements with certain Power and Renewable Energy customers for the purchase of equipment, upgrades and long-term service contracts. These arrangements are made on an arm's length basis and fair value adjustments are recognized within the results of our Power and Renewable Energy segments. Any associated deferred income recorded by GE Capital is eliminated in our consolidated results. In relation to these arrangements, GE Capital had approximately $1.9 billion of long-term financing receivables outstanding, net of deferred income of approximately $0.3 billion reported on its balance sheet at March 31, 2017.

PENSIONS

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 an expense in GE Capital's other continuing operations when they become probable and estimable. The additional funding obligations recognized by GE Capital were $0.1 billion and $0.2 billion for the three months ended March 31, 2017 and 2016, respectively.

Certain of this additional funding is recorded as a contra pension expense for GE because GE's related future pension obligations will be paid by GE Capital. For certain other pension plan funding obligations triggered by the GE Capital Exit Plan, GE agreed to assume the funding obligation that would have been triggered by GE Capital at the date of exit from the plan in exchange for an assumption fee that GE recorded as Other income. The total cash transferred to GE for the assumption of these GE Capital funding obligations was $0.1 billion for the three months ended March 31, 2016. There were no similar funding obligations assumed by GE from GE Capital in the three months ended March 31, 2017.

On a consolidated basis, the additional required pension funding and any related assumption fees do not affect current period earnings. Any additional required pension funding will be reflected as a reduction of the pension liability when paid.

GE GUARANTEE OF GE CAPITAL THIRD-PARTY TRANSACTIONS

In certain instances, GE provides guarantees to GE Capital transactions with third parties primarily in connection with enabled orders. In order to meet its underwriting criteria, GE Capital may obtain a direct guarantee from GE related to the performance of the third party. GE guarantees can take many forms and may include, but not be limited to, direct performance or payment guarantees, return on investment guarantees, asset value guarantees and loss pool arrangements. As of March 31, 2017, GE had outstanding guarantees to GE Capital on $1.8 billion of funded exposure and $0.5 billion of unfunded commitments. The recorded amount of these contingent liabilities was $0.1 billion as of March 31, 2017 and is dependent upon individual transaction level defaults, losses and/or returns.

2017 1Q FORM 10-Q 43

GE GUARANTEE OF CERTAIN GE CAPITAL DEBT

GE provides implicit and explicit support to GE Capital through commitments, capital contributions and operating support. As previously discussed, debt assumed by GE from GE Capital in connection with the merger of GE Capital into GE was $54.4 billion, and GE guaranteed $45.3 billion of GE Capital debt at March 31, 2017. See Notes 10 and 19 to the consolidated financial statements for additional information.

CRITICAL ACCOUNTING ESTIMATES

We utilized significant estimates in the preparation of the first 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 10-K Report filed on February 24, 2017, for a discussion of our accounting policies and the critical accounting estimates we use to: recognize revenue on long-term product services agreements; 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.

2017 1Q FORM 10-Q 44

OTHER ITEMS

NEW ACCOUNTING STANDARDS

ASU NO. 2016-16, ACCOUNTING FOR INCOME TAXES: INTRA-ENTITY ASSET TRANSFERS OF ASSETS OTHER THAN INVENTORY

In October 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016-16, Accounting for Income Taxes: Intra-Entity Asset Transfers of Assets Other than Inventory. The ASU eliminates the deferral of the tax effects of intra-entity asset transfers other than inventory. As a result, the tax expense from the intercompany sale of assets, other than inventory, and associated changes to deferred taxes will be recognized when the sale occurs even though the pre-tax effects of the transaction have not been recognized. The effect of the adoption of the standard will depend on the nature and amount of future transactions.

ASU NO. 2016-02, LEASES

In February 2016, the FASB issued 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 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 the ASU may materially affect our Statement of Financial Position.

ASU NO. 2014-09, REVENUE FROM CONTRACTS WITH CUSTOMERS

In May 2014, the FASB issued a new comprehensive set of revenue recognition principles (ASU No. 2014-09, Revenue from Contracts with Customers) that supersedes most existing U.S. GAAP revenue recognition guidance (including ASC 605-35, Revenue Recognition- Construction-Type and Production-Type Contracts). The new standard will become effective for annual reporting periods beginning after December 15, 2017. We will adopt the standard on January 1, 2018, will apply it retrospectively to all periods presented and will elect the practical expedient for contract modifications. We chose to adopt retrospectively because we believe that it is the most helpful to our investors. When we adopt the standard in 2018 we will provide investors with a consistent view of historical trends, as 2016 and 2017 will be on a basis consistent with 2018.

Please refer to our 2016 10-K filing for incremental discussion of the expected financial statement effects of the adoption of the standard, including an initial estimate of the non-cash charge to our January 1, 2016 retained earnings, the estimated change to our 2016 reported earnings per share and the expected impact to 2018 earnings per share. As described in our 2016 10-K, these estimates are based on many variables, which are subject to change. As we continue to work through the implementation effort required to adopt the standard, we will continue to refine these initial estimates.

2017 1Q FORM 10-Q 45

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 internally developed software and associated hardware, including Predix and software solutions that improve our customers' asset performance. These revenues are largely generated from our operating businesses and are included in their segment results.

GE Digital revenues were $0.9 billion for the three months ended March 31, 2017, an increase of $0.1 billion, or 16%, compared to revenues of $0.8 billion for the three months ended March 31, 2016 and were principally driven by expansion of our Digital offerings in GE's Power, Oil & Gas and Energy Connections & Lighting segments and non-GE Verticals.

GE Digital orders were $0.9 billion for both the three months ended March 31, 2017 and 2016, respectively. Digital orders increased for GE's Power, Oil & Gas, Renewable Energy and Healthcare segments and for non-GE Verticals. These increases were largely offset by decreases at Transportation and Energy Connections & Lighting.

In addition, on January 10, 2017, we completed the acquisition of ServiceMax, a leader in cloud-based field service management (FSM) solutions, for $0.9 billion, net of cash acquired. This acquisition is expected to provide enhanced capabilities to advance our Industrial Internet vision, enabling customers to immediately gain more value from their assets and find greater efficiency in their field service processes.

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2017 1Q FORM 10-Q 46

IRAN THREAT REDUCTION AND SYRIA HUMAN RIGHTS ACT OF 2012

The Company is making the following disclosure pursuant to Section 13(r) of the Securities Exchange Act of 1934.

Under Section 13(r) of the Securities Exchange Act of 1934, enacted in 2012, GE is required to disclose in its periodic reports if it or any of its affiliates knowingly engaged in business activities relating to Iran, even if those activities are conducted in accordance with authorizations subsequently issued by the U.S. Government. Reportable activities include investments that significantly enhance Iran's ability to develop petroleum resources valued at $20 million or more in the aggregate during a twelve-month period. Reporting is also required for transactions related to Iran's domestic production of refined petroleum products or Iran's ability to import refined petroleum products valued at $5 million or more in the aggregate during a twelve-month period.

In January 2016, the U.S. Department of Treasury's Office of Foreign Assets Control (OFAC) issued General License H authorizing U.S.-owned or controlled foreign entities to engage in transactions with Iran if these entities meet the requirements of the general license. Pursuant to this authorization, a non-U.S. affiliate of GE's Oil & Gas business received two sets of purchase orders during the first quarter of 2017 for the sale of goods pursuant to General License H that could potentially enhance Iran's ability to develop petroleum resources. The purchase orders cover the sale of spare parts for gas turbine equipment for ultimate end use by Iranian companies in gas production projects in Iran.   These purchase orders are valued at €10.0 million ($10.6 million) and €6.4 million ($6.8 million).  The non-US affiliate also booked a modification of a previously reported contract to add additional scope valued at €2.0 million ($2.2 million).  The non-US affiliate booked three purchase orders during the first quarter of 2017 for which it had received incomplete documentation during prior quarters.  These three purchase orders are valued at €0.2 million ($0.2 million), €0.1 million ($0.1 million), and less than €0.1 million (less than $0.1 million).  This non-US affiliate has not recognized any revenue as of March 31, 2017 for these or any previously reported transactions, but has incurred €2.7 million ($2.9 million) in costs.  

A second non-U.S. affiliate of GE's Oil & Gas business received a purchase order pursuant to General License H valued at €0.3 million ($0.3 million) during the first quarter of 2017 for the sale of services associated with the commissioning of gas compressors in Iran.  As of March 31, 2017, gross revenues attributable to this purchase order was €0.3 million ($0.3 million), and net profits attributable to this purchase order was €0.2 million ($0.2 million).  This non-U.S. affiliate also attributed gross revenues of €0.2 million ($0.2 million) and net profits of €0.1 million ($0.1 million) during the first quarter of 2017 to a previously reported transaction.

A third non-U.S. affiliate of GE's Oil & Gas business received purchase orders pursuant to General License H valued at €0.3 million ($0.3 million) during the first quarter of 2017 for the sale of production logging equipment and spare parts to an Iranian customer.  As of March 31, 2017, the non-US affiliate has not yet recognized revenue or profit associated with this transaction.

All of these non-U.S. affiliates intend to continue the activities described above.

For additional information on business activities related to Iran, please refer to the Other Items section within MD&A in our Annual Report on Form 10-K for the year ended December 31, 2016.

2017 1Q FORM 10-Q 47

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 cost

 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 cash flows from operating activities (Industrial CFOA)

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

2017 1Q FORM 10-Q 48

INDUSTRIAL SEGMENT ORGANIC REVENUES
	Three months ended March 31
(Dollars in millions)		2017		2016	V%
Industrial segment revenues (GAAP)		26,016		25,869	1 %
Less adjustments:
Acquisitions		132		1
Business dispositions (other than dispositions of businesses acquired for investment)		10		1,556
Currency exchange rates		(108)		-
Industrial segment organic revenues (Non-GAAP)	$	25,981	$	24,312	7 %

Organic revenue growth measures revenue growth 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.

2017 1Q FORM 10-Q 49

OPERATING AND NON-OPERATING PENSION COST
	Three months ended March 31
(In millions)	2017		2016
Service cost for benefits earned	$	289	$	315
Prior service cost amortization		73		76
Curtailment loss		43		-
Operating pension cost (Non-GAAP)		405		391
Expected return on plan assets		(849)		(834)
Interest cost on benefit obligations		717		734
Net actuarial loss amortization		710		612
Non-operating pension cost (Non-GAAP)		578		512
Total principal pension plans cost (GAAP)	$	983	$	903

We have provided the operating and non-operating components of cost for our principal pension plans. Operating pension cost comprises the service cost of benefits earned, prior service cost amortization and curtailment loss for our principal pension plans. Non-operating pension cost comprises 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 reflect 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.

ADJUSTED CORPORATE COSTS (OPERATING)
	Three months ended March 31
(In millions)		2017		2016
Total Corporate Items and Eliminations (GAAP)	$	(2,009)	$	(1,571)
Less: non-operating pension cost (Non-GAAP)		(578)		(512)
Total Corporate costs (operating) (Non-GAAP)	$	(1,431)	$	(1,059)
Less: restructuring and other charges, and gains (losses) on disposals		(1,018)		(627)
Adjusted total corporate costs (operating) (Non-GAAP)	$	(414)	$	(431)

Operating corporate costs exclude non-service-related pension cost of our principal pension plans, which comprise interest cost, 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.

2017 1Q FORM 10-Q 50

INDUSTRIAL OPERATING AND GE CAPITAL EARNINGS (LOSS) FROM CONTINUING OPERATIONS AND EPS
	Three months ended March 31
(Dollars in millions; except per share amounts)		2017		2016	V%
Consolidated earnings (loss) from continuing operations attributable to GE common shareowners (GAAP)	$	858	$	248	F
Non-operating pension cost		578		512
Tax effect on non-operating pension cost(a)		(202)		(179)
Adjustment: non-operating pension cost (net of tax)		376		333	13%
Operating earnings (loss) (Non-GAAP)		1,234		581
Less: GE Capital earnings (loss) from continuing operations attributable to GE common shareowners		(47)		(892)
Industrial operating earnings (loss) (Non-GAAP)	$	1,281	$	1,473	(13)%
Earnings (loss) per share – diluted(b)
Consolidated EPS from continuing operations attributable to GE common shareowners (GAAP)	$	0.10	$	0.03	F
Adjustment: non-operating pension cost (net of tax)		0.04		0.04
Operating EPS (Non-GAAP)		0.14		0.06	F
Less: GE Capital EPS from continuing operations attributable to GE common shareowners (GAAP)		(0.01)		(0.10)	90%
Industrial operating EPS (Non-GAAP)	$	0.14	$	0.16	(13)%

(a) The tax effect of non-operating pension cost was calculated using a 35% U.S. federal statutory tax rate, based on its applicability to such cost.

(b) 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, which comprise interest cost, 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 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. Neither GAAP nor operating pension cost are necessarily indicative of the current or future cash flow requirements related to our pension plans. 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. We believe that presenting operating earnings separately for our industrial businesses also provides management and investors with useful information about the relative size of our industrial and financial services businesses in relation to the total company.

2017 1Q FORM 10-Q 51

INDUSTRIAL OPERATING + VERTICALS EARNINGS AND EPS
		Three months ended March 31
(Dollars in millions; except per share amounts)		2017		2016	V%
GE Capital earnings (loss) from continuing operations attributable to GE common shareowners (GAAP)	$	(47)	$	(892)	95%
Less: GE Capital other continuing earnings (loss) (Other Capital)		(582)		(1,389)
Verticals earnings(a)		535		496	8%
Industrial operating earnings (Non-GAAP)		1,281		1,473	(13)%
Industrial operating earnings + Verticals earnings (Non-GAAP)	$	1,816	$	1,970	(8)%
Earnings (loss) per share - diluted(b)
GE Capital EPS from continuing operations attributable to GE common shareowners (GAAP)	$	(0.01)	$	(0.10)	90%
Less: GE Capital other continuing EPS (Other Capital)		(0.07)		(0.15)
Verticals EPS		0.06		0.05	20%
Industrial operating EPS (Non-GAAP)		0.14		0.16	(13)%
Industrial operating + Verticals EPS (Non-GAAP)	$	0.21	$	0.21	0%

(a) Verticals include businesses expected to be retained (GECAS, Energy Financial Services, Industrial Finance, and run-off insurance activities), including allocated corporate after-tax costs of $25 million in both the three months ended March 31, 2017 and 2016.

(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 $0.21 Non-operating pension & other Capital $(0.11)		Industrial operating & Verticals $0.21 Non-operating pension & other Capital $(0.18)
GAAP Continuing EPS	$0.10		$0.03

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

2017 1Q FORM 10-Q 52

INDUSTRIAL OPERATING PROFIT AND OPERATING PROFIT MARGIN (EXCLUDING CERTAIN ITEMS)
	Three months ended March 31
(Dollars in millions)	2017			2016
Revenues
GE total revenues and other income	$	25,481	$	24,607
Less: GE Capital earnings (loss) from continuing operations		(47)		(892)
GE revenues and other income excluding GE Capital earnings (Industrial revenues) (GAAP)	$	25,528	$	25,499
Less: gains on disposals		2		59
Adjusted Industrial revenues (Non-GAAP)		25,526		25,440
Costs
GE total costs and expenses	$	24,558	$	24,313
Less: GE interest and other financial charges		564		440
Industrial costs excluding interest and other financial charges (GAAP)	$	23,994	$	23,873
Less: non-operating pension cost		578		512
Less: restructuring and other charges		1,020		686
Less: noncontrolling interests		78		117
Adjusted Industrial costs (Non-GAAP)	$	22,318	$	22,558
Industrial profit (GAAP)	$	1,534	$	1,626
Industrial margins (GAAP)		6.0%		6.4%
Industrial operating profit (Non-GAAP)	$	3,208	$	2,883
Industrial operating profit margins (Non-GAAP)		12.6%		11.3%
		.

We have presented our Industrial operating profit and operating profit margin excluding gains, non-operating pension cost, restructuring and other, noncontrolling interests, GE Capital preferred stock dividends. 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.

2017 1Q FORM 10-Q 53

INDUSTRIAL CASH FLOWS FROM OPERATING ACTIVITIES (INDUSTRIAL CFOA)
	Three months ended March 31
(Dollars in millions)		2017		2016	V%
Cash from GE's operating activities (continuing operations), as reported (GAAP)	$	370	$	7,902	(95)%
Adjustments: dividends from GE Capital		2,000		7,500
Industrial CFOA (Non-GAAP)	$	(1,630)	$	402	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 reflects the effects of intercompany transactions, which include, but are not limited to, the following: GE Capital working capital solutions to optimize GE cash management; GE Capital enabled GE industrial orders; aircraft engines, power equipment and healthcare equipment manufactured by GE that are installed on GE Capital investments, including leased equipment; expenses related to parent-subsidiary pension plans; buildings and equipment leased between GE and GE Capital, including sale-leaseback transactions; information technology (IT) and other services sold to GE Capital by GE; 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. 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 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.

2017 1Q FORM 10-Q 54

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 (i) our disclosure controls and procedures were effective as of March 31, 2017, and (ii) no change in internal control over financial reporting occurred during the quarter ended March 31, 2017, that has materially affected, or is reasonably likely to materially affect, such internal control over financial reporting.

2017 1Q FORM 10-Q 55

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		per share		program(a)		program(a)
(Shares in thousands)
2017
January(b)		28,507	$	30.61	28,507
February		23,399		29.81	23,399
March		26,070		29.76	26,070
Total		77,976	$	30.09	77,976	$	22.3	billion

 (a) Shares were repurchased through the 2015 GE Share Repurchase Program (the Program). As of March 31, 2017, we were authorized to repurchase up to $50.0 billion of our common stock through 2018 and we had repurchased a total of approximately $27.7 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.

(b) Includes 10,773 thousand shares repurchased at an average price of $31.45 per share pursuant to an ASR agreement we entered in the fourth quarter of 2016. For further discussion on ASRs, see Note 15 to the consolidated financial statements of our 2016 annual report on Form 10-K.

2017 1Q FORM 10-Q 56

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, 2016.

WMC. There are 11 lawsuits in which our discontinued U.S. mortgage business, WMC, is a party. The adverse parties in 10 of 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. In September 2016, WMC and Deutsche Bank agreed to settle all claims arising out of the four securitizations at issue in the Connecticut lawsuits, subject to judicial approvals.  In October 2016, Deutsche Bank filed petitions for instruction in California state court seeking judicial instructions that Deutsche Bank's entry into the settlement agreements was a reasonable exercise of its discretion and approving the distribution of settlement proceeds pursuant to the terms of each trust's governing documents. No bondholder in any of these securitizations has objected to the proposed settlements.

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. In September 2016, WMC and Deutsche Bank agreed to settle all claims arising out of the two securitizations at issue in this lawsuit, subject to judicial approvals. In October 2016, Deutsche Bank filed petitions for instruction in California state court seeking judicial instructions that Deutsche Bank's entry into the settlement agreements was a reasonable exercise of its discretion and approving the distribution of settlement proceeds pursuant to the terms of each trust's governing documents. On March 30 and April 2, 2017, bondholders in these two securitizations filed objections to the proposed settlements. The court has set an initial hearing on these objections for July 27, 2017. 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.

2017 1Q FORM 10-Q 57

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. In September 2016, WMC and Deutsche Bank agreed to settle all claims arising out of the securitization at issue in this lawsuit, subject to judicial approval.  In October 2016, Deutsche Bank filed a petition for instruction in California state court seeking judicial instructions that Deutsche Bank's entry into the settlement agreement was a reasonable exercise of its discretion and approving the distribution of settlement proceeds pursuant to the terms of the trust's governing documents. No bondholder in this securitization has objected to the proposed settlement. The court has set a hearing on this petition, and the other petitions filed by Deutsche Bank referenced above to which no objection has been filed, for June 16, 2017.

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 March 31, 2017. See Note 18 to the consolidated financial statements for additional information.

On January 23, 2017, the ResCap Liquidating Trust, as successor to Residential Funding Company, LLC (RFC), filed a lawsuit seeking unspecified damages against WMC in the United States District Court for the District of Minnesota arising from alleged breaches in representations and warranties made by WMC in connection with the sale of approximately $840 million in loans to RFC over a period of time preceding RFC's filing for bankruptcy protection in May 2012.

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 to WMC and GE Capital, and we are cooperating with the Justice Department's investigation, including providing documents and witnesses for interviews.

Alstom legacy matters. In connection with our acquisition of Alstom's Thermal, Renewables and Grid businesses in November 2015, we are subject to legacy legal proceedings and legal compliance risks that relate to claimed anti-competitive conduct or improper payments by Alstom in the pre-acquisition period.  See Note 18 to the consolidated financial statements for additional information. These include legacy matters related to alleged improper payments by Alstom in connection with contracts won in 2006 and 2008 for work on a state-owned power plant in Šoštanj, Slovenia. In January and February 2017, respectively, the power plant owner filed an arbitration claim for damages of approximately $430 million before the International Chamber of Commerce Court of Arbitration in Vienna, Austria, and a government investigation in Slovenia of the same underlying conduct proceeded to an investigative phase overseen by a judge of the Celje District Court.

2017 1Q FORM 10-Q 58

FINANCIAL STATEMENTS AND NOTES

Statement of Earnings (Loss)			60
Consolidated Statement of Comprehensive Income (Loss)			62
Consolidated Statement of Changes in Shareowners' Equity			63
Statement of Financial Position			64
Statement of Cash Flows			66
Notes to Consolidated Financial Statements
	1	Basis of Presentation and Summary of Significant Accounting Policies	68
	2	Businesses Held for Sale and Discontinued Operations	69
	3	Investment Securities	71
	4	Current Receivables	72
	5	Inventories	73
	6	GE Capital Financing Receivables and Allowance for Losses on Financing Receivables	73
	7	Property, Plant and Equipment	74
	8	Acquisitions, Goodwill and Other Intangible Assets	74
	9	Contract Assets	76
	10	Borrowings	77
	11	Postretirement Benefit Plans	78
	12	Income Taxes	79
	13	Shareowners' Equity	80
	14	Earnings Per Share Information	84
	15	Fair Value Measurements	85
	16	Financial Instruments	88
	17	Variable Interest Entities	94
	18	Commitments, Guarantees, Product Warranties and Other Loss Contingencies	96
	19	Intercompany Transactions	99
	20	Guarantor Financial Information	101
	21	Supplemental Information	106

2017 1Q FORM 10-Q 59

FINANCIAL STATEMENTS

STATEMENT OF EARNINGS (LOSS)
(UNAUDITED)
	Three months ended March 31
	General Electric Company
	and consolidated affiliates
(In millions; per-share amounts in dollars)	2017		2016
Revenues and other income
Sales of goods	$	16,812	$	17,208
Sales of services		8,416		8,106
Other income		168		9
GE Capital earnings (loss) from continuing operations		-		-
GE Capital revenues from services		2,264		2,522
Total revenues and other income		27,660		27,845
Costs and expenses
Cost of goods sold		14,490		14,588
Cost of services sold		5,869		5,773
Selling, general and administrative expenses		4,506		4,608
Interest and other financial charges		1,139		1,736
Investment contracts, insurance losses and
insurance annuity benefits		634		642
Other costs and expenses		190		259
Total costs and expenses		26,829		27,606
Earnings (loss) from continuing operations before income taxes		832		238
Benefit (provision) for income taxes		(16)		177
Earnings (loss) from continuing operations		816		415
Earnings (loss) from discontinued operations, net of taxes (Note 2)		(239)		(308)
Net earnings (loss)		577		107
Less net earnings (loss) attributable to noncontrolling interests		(76)		(121)
Net earnings (loss) attributable to the Company		653		228
Preferred stock dividends		(34)		(289)
Net earnings (loss) attributable to GE common shareowners	$	619	$	(61)
Amounts attributable to GE common shareowners
Earnings (loss) from continuing operations	$	816	$	415
Less net earnings (loss) attributable to noncontrolling interests,
continuing operations		(76)		(122)
Earnings (loss) from continuing operations attributable to the Company		892		537
Preferred stock dividends		(34)		(289)
Earnings (loss) from continuing operations attributable
to GE common shareowners		858		248
Earnings (loss) from discontinued operations, net of taxes		(239)		(308)
Less net earnings (loss) attributable to
noncontrolling interests, discontinued operations		-		-
Net earnings (loss) attributable to GE common shareowners	$	619	$	(61)
Per-share amounts (Note 14)
Earnings (loss) from continuing operations
Diluted earnings (loss) per share	$	0.10	$	0.03
Basic earnings (loss) per share	$	0.10	$	0.03
Net earnings (loss)
Diluted earnings (loss) per share	$	0.07	$	(0.01)
Basic earnings (loss) per share	$	0.07	$	(0.01)
Dividends declared per common share	$	0.24	$	0.23

Amounts may not add due to rounding.

See accompanying notes.

2017 1Q FORM 10-Q 60

STATEMENT OF EARNINGS (LOSS) (CONTINUED)
(UNAUDITED)
	Three months ended March 31
	GE(a)				Financial Services (GE Capital)
(In millions; per-share amounts in dollars)	2017		2016		2017		2016
Revenues and other income
Sales of goods	$	16,838	$	17,213	$	29	$	25
Sales of services		8,554		8,194		-		-
Other income		137		92		-		-
GE Capital earnings (loss) from continuing operations		(47)		(892)		-		-
GE Capital revenues from services		-		-		2,652		2,860
Total revenues and other income		25,481		24,607		2,681		2,885
Costs and expenses
Cost of goods sold		14,522		14,597		23		20
Cost of services sold		5,452		5,293		562		568
Selling, general and administrative expenses		4,020		3,982		574		874
Interest and other financial charges		564		440		812		1,430
Investment contracts, insurance losses and
insurance annuity benefits		-		-		636		671
Other costs and expenses		-		-		214		268
Total costs and expenses		24,558		24,313		2,820		3,833
Earnings (loss) from continuing operations before income taxes		923		294		(139)		(948)
Benefit (provision) for income taxes		(143)		(164)		128		341
Earnings (loss) from continuing operations		780		130		(11)		(608)
Earnings (loss) from discontinued operations, net of taxes (Note 2)		(239)		(309)		(242)		(308)
Net earnings (loss)		541		(178)		(253)		(916)
Less net earnings (loss) attributable to noncontrolling interests		(78)		(117)		2		(4)
Net earnings (loss) attributable to the Company		619		(61)		(256)		(912)
Preferred stock dividends		-		-		(34)		(289)
Net earnings (loss) attributable to GE common shareowners	$	619	$	(61)	$	(290)	$	(1,201)
Amounts attributable to GE common shareowners:
Earnings (loss) from continuing operations	$	780	$	130	$	(11)	$	(608)
Less net earnings (loss) attributable to noncontrolling interests,
continuing operations		(78)		(117)		2		(4)
Earnings (loss) from continuing operations attributable to the Company		858		248		(13)		(603)
Preferred stock dividends		-		-		(34)		(289)
Earnings (loss) from continuing operations attributable
to GE common shareowners		858		248		(47)		(892)
Earnings (loss) from discontinued operations, net of taxes		(239)		(309)		(242)		(308)
Less net earnings (loss) attributable to
noncontrolling interests, discontinued operations		-		-		-		-
Net earnings (loss) attributable to GE common shareowners	$	619	$	(61)	$	(290)	$	(1,201)

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

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.

2017 1Q FORM 10-Q 61

GENERAL ELECTRIC COMPANY AND CONSOLIDATED AFFILIATES
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS)
(UNAUDITED)
	Three months ended March 31
(In millions)		2017		2016
Net earnings (loss)	$	577	$	107
Less net earnings (loss) attributable to noncontrolling interests		(76)		(121)
Net earnings (loss) attributable to the Company	$	653	$	228
Other comprehensive income (loss)
Investment securities	$	(52)	$	220
Currency translation adjustments		815		1
Cash flow hedges		20		55
Benefit plans		1,049		550
Other comprehensive income (loss)		1,833		826
Less other comprehensive income (loss) attributable to noncontrolling interests		6		2
Other comprehensive income (loss) attributable to the Company	$	1,827	$	824
Comprehensive income (loss)	$	2,410	$	933
Less comprehensive income (loss) attributable to noncontrolling interests		(70)		(119)
Comprehensive income (loss) attributable to the Company	$	2,479	$	1,052

Amounts presented net of taxes.

Amounts may not add due to rounding.

See accompanying notes.

2017 1Q FORM 10-Q 62

GENERAL ELECTRIC COMPANY AND CONSOLIDATED AFFILIATES
CONSOLIDATED STATEMENT OF CHANGES IN SHAREOWNERS' EQUITY
(UNAUDITED)
	Three months ended March 31
(In millions)		2017		2016
Shareowners' equity balance at January 1	$	75,828	$	98,274
Net earnings (loss) attributable to the Company		653		228
Dividends and other transactions with shareowners		(2,128)		(2,429)
Redemption value adjustment for redeemable noncontrolling interests		(73)		(32)
Other comprehensive income (loss) attributable to the Company		1,827		824
Net sales (purchases) of shares for treasury		(1,795)		(5,503)
Changes in other capital		224		(274)
Ending balance at March 31		74,534		91,088
Noncontrolling interests		1,639		1,667
Total equity balance at March 31	$	76,173	$	92,755

Amounts may not add due to rounding.

See accompanying notes.

2017 1Q FORM 10-Q 63

STATEMENT OF FINANCIAL POSITION
	General Electric Company
	and consolidated affiliates
(In millions, except share amounts)	March 31, 2017		December 31, 2016
		(Unaudited)
Assets
Cash and equivalents	$	41,564	$	48,129
Investment securities (Note 3)		41,949		44,313
Current receivables (Note 4)		21,675		24,076
Inventories (Note 5)		22,701		22,354
Financing receivables – net (Note 6)		12,243		12,242
Other GE Capital receivables		5,804		5,944
Property, plant and equipment – net (Note 7)		49,016		50,518
Receivable from GE Capital (debt assumption)		-		-
Investment in GE Capital		-		-
Goodwill (Note 8)		70,313		70,438
Other intangible assets – net (Note 8)		16,515		16,436
Contract assets (Note 9)		27,382		25,162
All other assets		27,668		27,176
Deferred income taxes (Note 12)		953		1,833
Assets of businesses held for sale (Note 2)		4,076		1,745
Assets of discontinued operations (Note 2)		9,786		14,815
Total assets(a)	$	351,643	$	365,183
Liabilities and equity
Short-term borrowings (Note 10)	$	28,324	$	30,714
Accounts payable, principally trade accounts		13,698		14,435
Progress collections and price adjustments accrued		16,583		16,760
Dividends payable		2,109		2,107
Other GE current liabilities		17,097		17,564
Non-recourse borrowings of consolidated securitization entities (Note 10)		668		417
Long-term borrowings (Note 10)		99,674		105,080
Investment contracts, insurance liabilities and insurance annuity benefits		26,301		26,086
Non-current compensation and benefits		43,035		43,780
All other liabilities		22,041		22,912
Liabilities of businesses held for sale (Note 2)		1,144		656
Liabilities of discontinued operations (Note 2)		1,741		4,158
Total liabilities(a)		272,416		284,668
Redeemable noncontrolling interests (Note 13)		3,054		3,025
Preferred stock (5,944,250 shares outstanding at both March 31, 2017
and December 31, 2016)		6		6
Common stock (8,683,963,000 and 8,742,614,000 shares outstanding
at March 31, 2017 and December 31, 2016, respectively)		702		702
Accumulated other comprehensive income (loss) – net attributable to GE(b)
Investment securities		622		674
Currency translation adjustments		(6,004)		(6,816)
Cash flow hedges		32		12
Benefit plans		(11,421)		(12,469)
Other capital		37,448		37,224
Retained earnings		137,983		139,532
Less common stock held in treasury		(84,833)		(83,038)
Total GE shareowners' equity		74,534		75,828
Noncontrolling interests(c) (Note 13)		1,639		1,663
Total equity (Note 13)		76,173		77,491
Total liabilities, redeemable noncontrolling interests and equity	$	351,643	$	365,183

(a) Our consolidated assets at March 31, 2017 included total assets of $5,917 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 $1,512 million and investment securities of $976 million within continuing operations and assets of discontinued operations of $677 million. Our consolidated liabilities at March 31, 2017 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 $(668) million within continuing operations. See Note 17.

(b) The sum of accumulated other comprehensive income (loss) (AOCI) attributable to the Company was $(16,771) million and $(18,598) million at March 31, 2017 and December 31, 2016, respectively.

(c) Included AOCI attributable to noncontrolling interests of $(272) million and $(278) million at March 31, 2017 and December 31, 2016, respectively.

Amounts may not add due to rounding.

See accompanying notes.

2017 1Q FORM 10-Q 64

STATEMENT OF FINANCIAL POSITION (CONTINUED)
	GE(a)				Financial Services (GE Capital)
(In millions, except share amounts)	March 31, 2017		December 31, 2016		March 31, 2017		December 31, 2016
		(Unaudited)				(Unaudited)
Assets
Cash and equivalents	$	7,875	$	10,525	$	33,689	$	37,604
Investment securities (Note 3)		200		137		41,754		44,180
Current receivables (Note 4)		12,646		12,715		-		-
Inventories (Note 5)		22,615		22,263		86		91
Financing receivables – net (Note 6)		-		-		23,853		26,041
Other GE Capital receivables		-		-		14,825		15,576
Property, plant and equipment – net (Note 7)		18,955		19,103		30,962		32,225
Receivable from GE Capital (debt assumption) (b)		50,317		58,780		-		-
Investment in GE Capital		22,792		24,677		-		-
Goodwill (Note 8)		67,946		68,070		2,368		2,368
Other intangible assets – net (Note 8)		16,225		16,131		290		305
Contract assets (Note 9)		27,382		25,162		-		-
All other assets		12,049		12,007		15,202		14,608
Deferred income taxes (Note 12)		6,426		6,666		(5,473)		(4,833)
Assets of businesses held for sale (Note 2)		3,812		1,629		-		-
Assets of discontinued operations (Note 2)		-		9		9,786		14,806
Total assets	$	269,240	$	277,874	$	167,341	$	182,970
Liabilities and equity
Short-term borrowings(b) (Note 10)	$	16,860	$	20,482	$	21,654	$	23,443
Accounts payable, principally trade accounts		19,766		20,876		2,047		1,605
Progress collections and price adjustments accrued		16,657		16,838		-		-
Dividends payable		2,109		2,107		-		-
Other GE current liabilities		17,097		17,564		-		-
Non-recourse borrowings of consolidated securitization entities (Note 10)		-		-		668		417
Long-term borrowings(b) (Note 10)		57,142		58,810		83,824		93,443
Investment contracts, insurance liabilities and insurance annuity benefits		-		-		26,880		26,546
Non-current compensation and benefits		42,053		42,770		973		1,001
All other liabilities		17,446		17,506		6,500		7,430
Liabilities of businesses held for sale (Note 2)		1,144		656		-		-
Liabilities of discontinued operations (Note 2)		23		35		1,718		4,123
Total liabilities		190,298		197,644		144,264		158,008
Redeemable noncontrolling interests (Note 13)		3,054		3,025		-		-
Preferred stock (5,944,250 shares outstanding at both December 31, 2016
and December 31, 2015)		6		6		6		6
Common stock (8,683,963,000 and 8,742,614,000 shares outstanding
at March 31, 2017 and December 31, 2016, respectively)		702		702		-		-
Accumulated other comprehensive income (loss) – net attributable to GE
Investment securities		622		674		577		656
Currency translation adjustments		(6,004)		(6,816)		(338)		(740)
Cash flow hedges		32		12		30		43
Benefit plans		(11,421)		(12,469)		(560)		(622)
Other capital		37,448		37,224		12,703		12,669
Retained earnings		137,983		139,532		10,375		12,664
Less common stock held in treasury		(84,833)		(83,038)		-		-
Total GE shareowners' equity		74,534		75,828		22,792		24,677
Noncontrolling interests (Note 13)		1,354		1,378		285		285
Total equity (Note 13)		75,888		77,205		23,077		24,962
Total liabilities, redeemable noncontrolling interests and equity	$	269,240	$	277,874	$	167,341	$	182,970

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

(b) In 2015, senior unsecured notes and commercial paper were assumed by GE upon its merger with GE Capital, resulting in an intercompany receivable and payable between GE and GE Capital. See Note 10.

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.

2017 1Q FORM 10-Q 65

STATEMENT OF CASH FLOWS
(UNAUDITED)
	Three months ended March 31
	General Electric Company
	and consolidated affiliates
(In millions)	2017		2016
Cash flows – operating activities
Net earnings (loss)	$	577	$	107
Less net earnings (loss) attributable to noncontrolling interests		(76)		(121)
Net earnings (loss) attributable to the Company		653		228
(Earnings) loss from discontinued operations		239		308
Adjustments to reconcile net earnings (loss) attributable to the
Company to cash provided from operating activities
Depreciation and amortization of property, plant and equipment		1,193		1,210
(Earnings) loss from continuing operations retained by GE Capital		-		-
Deferred income taxes		(29)		(158)
Decrease (increase) in GE current receivables		2,356		1,013
Decrease (increase) in inventories		(818)		(1,491)
Increase (decrease) in accounts payable		(292)		258
Increase (decrease) in GE progress collections		(276)		632
All other operating activities		(2,060)		(103)
Cash from (used for) operating activities – continuing operations		967		1,897
Cash from (used for) operating activities – discontinued operations		(658)		(1,252)
Cash from (used for) operating activities		309		644
Cash flows – investing activities
Additions to property, plant and equipment		(1,470)		(1,556)
Dispositions of property, plant and equipment		812		316
Net decrease (increase) in GE Capital financing receivables		306		(11)
Proceeds from sale of discontinued operations		789		36,478
Proceeds from principal business dispositions		81		39
Net cash from (payments for) principal businesses purchased		(967)		-
All other investing activities		4,970		(10,593)
Cash from (used for) investing activities – continuing operations		4,520		24,672
Cash from (used for) investing activities – discontinued operations		(1,871)		7,112
Cash from (used for) investing activities		2,649		31,783
Cash flows – financing activities
Net increase (decrease) in borrowings (maturities of 90 days or less)		777		983
Newly issued debt (maturities longer than 90 days)		326		459
Repayments and other debt reductions (maturities longer than 90 days)		(8,666)		(14,381)
Net dispositions (purchases) of GE shares for treasury		(1,578)		(6,326)
Dividends paid to shareowners		(2,084)		(2,234)
All other financing activities		(959)		(508)
Cash from (used for) financing activities – continuing operations		(12,185)		(22,007)
Cash from (used for) financing activities – discontinued operations		1,907		(112)
Cash from (used for) financing activities		(10,278)		(22,119)
Effect of currency exchange rate changes on cash and equivalents		133		31
Increase (decrease) in cash and equivalents		(7,187)		10,340
Cash and equivalents at beginning of year		49,558		90,878
Cash and equivalents at March 31		42,372		101,217
Less cash and equivalents of discontinued operations at March 31		808		26,143
Cash and equivalents of continuing operations at March 31	$	41,564	$	75,075

Amounts may not add due to rounding.

See accompanying notes.

2017 1Q FORM 10-Q 66

STATEMENT OF CASH FLOWS (CONTINUED)
(UNAUDITED)
	Three months ended March 31
	GE(a)				Financial Services (GE Capital)
(In millions)	2017		2016		2017		2016
Cash flows – operating activities
Net earnings (loss)	$	541	$	(178)	$	(253)	$	(916)
Less net earnings (loss) attributable to noncontrolling interests		(78)		(117)		2		(4)
Net earnings (loss) attributable to the Company		619		(61)		(256)		(912)
(Earnings) loss from discontinued operations		239		309		242		308
Adjustments to reconcile net earnings (loss) attributable to the
Company to cash provided from operating activities
Depreciation and amortization of property, plant and equipment		589		626		595		602
(Earnings) loss from continuing operations retained by GE Capital(b)		2,047		8,393		-		-
Deferred income taxes		(116)		229		87		(387)
Decrease (increase) in GE current receivables		157		(39)		-		-
Decrease (increase) in inventories		(822)		(1,486)		5		7
Increase (decrease) in accounts payable		(394)		(200)		8		207
Increase (decrease) in GE progress collections		(280)		632		-		-
All other operating activities		(1,669)		(502)		(562)		(176)
Cash from (used for) operating activities – continuing operations		370		7,902		119		(351)
Cash from (used for) operating activities – discontinued operations		-		-		(658)		(1,252)
Cash from (used for) operating activities		369		7,901		(538)		(1,603)
Cash flows – investing activities
Additions to property, plant and equipment		(992)		(1,041)		(688)		(647)
Dispositions of property, plant and equipment		355		257		619		170
Net decrease (increase) in GE Capital financing receivables		-		-		2,967		1,466
Proceeds from sale of discontinued operations		-		-		789		36,478
Proceeds from principal business dispositions		81		39		-		-
Net cash from (payments for) principal businesses purchased		(967)		-		-		-
All other investing activities		(309)		(614)		3,124		(9,592)
Cash from (used for) investing activities – continuing operations		(1,832)		(1,360)		6,811		27,875
Cash from (used for) investing activities – discontinued operations		-		-		(1,871)		7,111
Cash from (used for) investing activities		(1,832)		(1,359)		4,940		34,987
Cash flows – financing activities
Net increase (decrease) in borrowings (maturities of 90 days or less)		(86)		1,289		132		(169)
Newly issued debt (maturities longer than 90 days)		4,118		76		292		384
Repayments and other debt reductions (maturities longer than 90 days)		(1,411)		(150)		(8,594)		(14,231)
Net dispositions (purchases) of GE shares for treasury		(1,578)		(6,326)		-		-
Dividends paid to shareowners		(2,084)		(2,170)		(2,000)		(7,565)
All other financing activities		(217)		(228)		(737)		(415)
Cash from (used for) financing activities – continuing operations		(1,259)		(7,508)		(10,907)		(21,996)
Cash from (used for) financing activities – discontinued operations		-		-		1,907		(112)
Cash from (used for) financing activities		(1,259)		(7,508)		(8,999)		(22,108)
Effect of currency exchange rate changes on cash and equivalents		71		(108)		61		139
Increase (decrease) in cash and equivalents		(2,650)		(1,075)		(4,536)		11,415
Cash and equivalents at beginning of year		10,525		10,372		39,033		80,506
Cash and equivalents at March 31		7,875		9,297		34,497		91,921
Less cash and equivalents of discontinued operations at March 31		-		-		808		26,143
Cash and equivalents of continuing operations at March 31	$	7,875	$	9,297	$	33,689	$	65,778

(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 19.

2017 1Q FORM 10-Q 67

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 Annual Report on Form 10-K for the year ended December 31, 2016 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 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 2016 consolidated financial statements of our Annual Report on Form 10-K for the year ended December 31, 2016.

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 2016 Annual Report on Form 10-K for further discussion of our significant accounting policies.

ACCOUNTING CHANGES

On January 1, 2017, we adopted ASU 2015-11, Simplifying the Measurement of Inventory, which was intended to simplify the subsequent measurement of inventory held by an entity not measured using last-in, first-out (LIFO) or retail inventory method. The amendments eliminated the requirement that entities consider the replacement cost of inventory and the net realizable value less a normal profit margin, which was historically used to establish a floor and ceiling for an assessment of market value. The adoption of this standard was immaterial to our financial statements.

On September 30, 2016, we adopted ASU 2016-09, Improvements to Employee Share-Based Payment Accounting, which was intended to simplify several aspects of the accounting for employee share-based payment transactions including the accounting for income taxes, forfeitures, and statutory tax withholding requirements, as well as classification in the statement of cash flows.

We adopted the standard on a prospective basis with the effect of adoption reflected for the interim periods after the year beginning January 1, 2016 as required by the standard. The primary effects of adoption were the recognition of excess tax benefits in our provision for income taxes rather than paid-in capital and the reclassification of cash flows related to excess tax benefits from a financing activity to an operating activity for the periods beginning January 1, 2016. We will continue to estimate the number of awards that are expected to vest in our determination of the related periodic compensation cost.

2017 1Q FORM 10-Q 68

As a result of the adoption, our provision for income taxes decreased by $97 million for the nine months ended September 30, 2016 for the excess tax benefits related to share-based payments in its provision for income taxes. Application of the cash flow presentation requirements from January 1, 2016, resulted in an increase to cash from operating activities and a decrease to cash from financing activities of $137 million for the nine months ended September 30, 2016.

Additionally, as the adoption of the standard was reflected as of the beginning of 2016, the benefit for income taxes increased $38 million and cash flow from operating activities increased by $46 million with an offsetting decrease in cash from financing activities for the three months ended March 31, 2016.

NOTE 2. BUSINESSES HELD FOR SALE AND DISCONTINUED OPERATIONS

ASSETS AND LIABILITIES OF BUSINESSES HELD FOR SALE

In the first quarter of 2017, we classified our Industrial Solutions business within our Energy Connections & Lighting segment with assets of $2,160 million and liabilities of $510 million, as held for sale. We expect to complete the sale of the business within the next twelve months.

In the fourth quarter of 2016, we classified our Water business within our Power segment with assets of $1,651 million and liabilities of $634 million, as held for sale. In March 2017, we signed an agreement with Suez Environnement S.A. (Suez) to sell the business for $3,415 million. The deal is expected to close mid- 2017, subject to customary closing conditions and regulatory approval.

FINANCIAL INFORMATION FOR ASSETS AND LIABILITIES OF BUSINESSES HELD FOR SALE
(In millions)	March 31, 2017		December 31, 2016
Assets
Current receivables(a)	$	687	$	366
Inventories		576		211
Property, plant, and equipment – net		1,002		632
Goodwill		1,290		212
Other intangible assets – net		238		123
Contract assets		192		125
Other		91		76
Assets of businesses held for sale	$	4,076	$	1,745
Liabilities
Accounts payable	$	367	$	190
Progress collections and price adjustments accrued		167		141
Other current liabilities		226		133
Non-current compensation and benefits		221		82
Other		164		110
Liabilities of businesses held for sale	$	1,144	$	656

(a) Included transactions in our industrial businesses that were made on an arms-length basis with GE Capital, consisting of GE customer receivables sold to GE Capital of $264 million and $117 million at March 31, 2017 and December 31, 2016, respectively. 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.

2017 1Q FORM 10-Q 69

DISCONTINUED OPERATIONS

Discontinued operations primarily relate to our financial services businesses as a result of the GE Capital Exit Plan and includes 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 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. See Note 18 for further information about indemnifications.

FINANCIAL INFORMATION FOR DISCONTINUED OPERATIONS
	Three months ended March 31
(In millions)		2017		2016
Operations
Total revenues and other income	$	79	$	1,292
Earnings (loss) from discontinued operations before income taxes	$	(196)	$	80
Benefit (provision) for income taxes(a)		62		12
Earnings (loss) from discontinued operations, net of taxes	$	(134)	$	92
Disposals
Gain (loss) on disposals before income taxes	$	(27)	$	(246)
Benefit (provision) for income taxes(a)		(78)		(155)
Gain (loss) on disposals, net of taxes	$	(105)	$	(400)
Earnings (loss) from discontinued operations, net of taxes(b)(c)	$	(239)	$	(308)

(a) GE Capital's total tax benefit (provision) for discontinued operations and disposals included current tax benefit (provision) of $(576) million and $(834) million for the three months ended March 31, 2017 and 2016, respectively, including current U.S. Federal tax benefit (provision) of $(587) million and $(501) million for the three months ended March 31, 2017 and 2016, respectively, and deferred tax benefit (provision) of $560 million and $691 million for the three months ended March 31, 2017 and 2016, respectively.

(b) 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).

(c) Earnings (loss) from discontinued operations attributable to the Company, before income taxes, was $(223) million and $(166) million for the three months ended March 31, 2017 and 2016, respectively.

(In millions)	March 31, 2017		December 31, 2016
Assets
Cash and equivalents	$	808	$	1,429
Investment securities		2,105		2,626
Deferred income taxes		988		487
Financing receivables held for sale		4,281		8,547
Valuation allowance on disposal group classified as discontinued operations		(79)		(726)
Other assets		1,682		2,453
Assets of discontinued operations	$	9,786	$	14,815
Liabilities
Accounts payable	$	122	$	164
Borrowings		-		2,076
Other liabilities		1,619		1,918
Liabilities of discontinued operations	$	1,741	$	4,158

2017 1Q FORM 10-Q 70

NOTE 3. INVESTMENT SECURITIES

Substantially all of our investment securities are classified as available-for-sale and 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.

	March 31, 2017								December 31, 2016
			Gross		Gross						Gross		Gross
	Amortized		unrealized		unrealized		Estimated		Amortized		unrealized		unrealized		Estimated
(In millions)	cost		gains		losses		fair value (a)		cost		gains		losses		fair value (a)
Debt
U.S. corporate		20,197		3,165		(84)		23,279		20,049		3,081		(85)		23,046
Non-U.S. corporate		9,468		89		(22)		9,535		11,917		98		(27)		11,987
State and municipal		3,921		432		(80)		4,274		3,916		412		(92)		4,236
Mortgage and asset-backed		2,723		102		(28)		2,797		2,787		111		(37)		2,861
Government and agencies		1,744		86		(27)		1,803		1,842		160		(26)		1,976
Equity		167		95		(1)		262		154		55		(1)		208
Total		38,220		3,971		(242)		41,949		40,665		3,917		(269)		44,313

(a) Includes $200 million and $137 million of investment securities held by GE at March 31, 2017 and December 31, 2016, respectively, of which $145 million and $86 million are equity securities.

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		losses		fair value		losses
March 31, 2017
Debt
U.S. corporate	$	1,586	$	(57)	$	337	$	(26)
Non-U.S. corporate		5,020		(21)		14		(1)
State and municipal		480		(21)		161		(59)
Mortgage and asset-backed		830		(20)		92		(8)
Government and agencies		553		(27)		-		-
Equity		3		(1)		-		-
Total	$	8,472	$	(148)	$	605	$	(95)
December 31, 2016
Debt
U.S. corporate	$	1,692	$	(55)	$	359	$	(30)
Non-U.S. corporate		5,352		(26)		14		(1)
State and municipal		674		(27)		158		(64)
Mortgage and asset-backed		822		(21)		132		(16)
Government and agencies		549		(26)		-		-
Equity		9		(1)		-		-
Total	$	9,098	$	(157)	$	663	$	(111)

Unrealized losses are not indicative of the amount of credit loss that would be recognized and at March 31, 2017 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 unrealized loss positions 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 2017 have not changed.

Total pre-tax, other-than-temporary impairments on investment securities recognized in earnings were an insignificant amount and $16 million for the three months ended March 31, 2017 and 2016, respectively.

2017 1Q FORM 10-Q 71

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	$	7,446	$	7,446
After one year through five years		5,029		5,215
After five years through ten years		5,134		5,556
After ten years		17,721		20,673

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

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. Gross realized gains on available-for-sale investment securities were $106 million and $6 million, and gross realized losses were $(2) million and $(29) million in the three months ended March 31, 2017 and 2016, respectively.

Proceeds from investment securities sales and early redemptions by issuers totaled $1,073 million and $243 million in the three months ended March 31, 2017 and 2016, respectively primarily from sales of Government and agencies and U.S. corporate securities.

NOTE 4. CURRENT RECEIVABLES

	Consolidated(a)(b)				GE(c)
(In millions)	March 31, 2017		December 31, 2016		March 31, 2017		December 31, 2016
Current receivables		22,560		24,935		13,525		13,562
Allowance for losses		(886)		(858)		(879)		(847)
Total	$	21,675	$	24,076	$	12,646	$	12,715

(a) Included GE industrial customer receivables sold to a GE Capital affiliate and recorded on GE Capital's balance sheet of $9,965 million and $12,304 million at March 31, 2017 and December 31, 2016, respectively. The consolidated total included a deferred purchase price receivable of $415 million and $483 million at March 31, 2017 and December 31, 2016, respectively, related to our Receivables Facility.

(b) In order to manage the credit exposure, the Company sells additional current receivables to third parties outside the Receivables Facility, substantially all of which are serviced by the Company. The outstanding balance of these current receivables was $2,131 million and $3,821 million at March 31, 2017 and December 31, 2016, respectively. Of these balances, $905 million and $2,504 million was sold by GE to GE Capital prior to the sale to third parties at March 31, 2017 and December 31, 2016, respectively. At March 31, 2017 and December 31, 2016, our maximum exposure to loss under the limited recourse arrangements is $96 million and $215 million, respectively.

(c) GE current receivables balances at March 31, 2017 and December 31, 2016, before allowance for losses, included $8,465 million and $8,927 million, respectively, from sales of goods and services to customers. The remainder of the balances primarily relates to supplier advances, revenue sharing programs and other non-income based tax receivables.

RECEIVABLES FACILITY

The Company has a $3,000 million revolving Receivables Facility under which receivables are sold directly to third-party purchasers. The third-party purchasers have no recourse to other assets of the Company in the event of non-payment by the debtors. Where the purchasing entity is a bank multi-seller commercial paper conduit, assets transferred by other parties to that entity form a majority of the entity's assets. Upon sale of the receivables, we receive proceeds of cash and a deferred purchase price (DPP). The DPP is an interest in specified assets of the purchasers (the receivables sold by GE Capital) that entitles GE Capital to the residual cash flows of those specified assets.

During the three months ended March 31, 2017, GE sold current receivables of $4,736 million to GE Capital, which GE Capital sold immediately to third parties under the Receivables Facility. GE Capital continues to service the current receivables for the purchasers. The Company received total cash collections of $4,313 million on previously sold current receivables owed to the purchasing entities. The purchasing entities reinvested $3,645 million of those collections to purchase newly originated current receivables from the Company and paid $224 million to reduce their DPP obligation to the Company.

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At March 31, 2017, GE Capital, under the Receivables Facility, serviced $2,999 million of transferred receivables that remain outstanding.

Given the short-term nature of the underlying receivables, discount rates and prepayments are not factors in determining the value of the DPP. Collections on the DPP are presented within Cash flows from operating activities in the consolidated column in the Statement of Cash Flows. As the performance of the transferred current receivables is similar to the performance of our other current receivables, delinquencies are not expected to be significant.

NOTE 5. INVENTORIES

(In millions)	March 31, 2017		December 31, 2016
Raw materials and work in process	$	13,256	$	12,636
Finished goods		8,548		8,798
Unbilled shipments		442		536
		22,245		21,971
Revaluation to LIFO		456		383
Total inventories	$	22,701	$	22,354

NOTE 6. GE CAPITAL FINANCING RECEIVABLES AND ALLOWANCE FOR LOSSES ON FINANCING RECEIVABLES

FINANCING RECEIVABLES – NET
(In millions)	March 31, 2017		December 31, 2016
Loans, net of deferred income	$	18,882	$	21,101
Investment in financing leases, net of deferred income		5,032		4,998
		23,914		26,099
Allowance for losses		(61)		(58)
Financing receivables – net	$	23,853	$	26,041

We manage our financing receivables portfolio using delinquency and nonaccrual data as key performance indicators. At March 31, 2017, $790 million (3.3%), $341 million (1.4%) and $169 million (0.7%) of financing receivables were over 30 days past due, over 90 days past due and on nonaccrual, respectively. Of the $169 million of nonaccrual financing receivables at March 31, 2017, the vast majority are secured by collateral and $25 million are currently paying in accordance with the contractual terms. At December 31, 2016, $811 million (3.1%), $407 million (1.6%) and $322 million (1.2%) 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 March 31, 2017 and December 31, 2016 was $212 million and $262 million, respectively. The method used to measure impairment for these loans is primarily based on collateral value. At March 31, 2017, troubled debt restructurings included in impaired loans were $172 million.

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NOTE 7. PROPERTY, PLANT AND EQUIPMENT

(In millions)	March 31, 2017		December 31, 2016
Original cost	$	84,140	$	85,875
Less accumulated depreciation and amortization		(35,124)		(35,356)
Property, plant and equipment – net	$	49,016	$	50,518

Consolidated depreciation and amortization was $1,193 million and $1,210 million in the three months ended March 31, 2017 and 2016, respectively.

NOTE 8. ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS

ACQUISITIONS

On October 11, 2016, we announced a plan to acquire LM Wind Power, the Danish maker of rotor blades for approximately $1,700 million. The transaction closed on April 20, 2017.

In the first quarter of 2017, we acquired the remaining 96% of ServiceMax, a leader in cloud-based field service management solutions, for $866 million, net of cash acquired of approximately $91 million. Upon gaining control, we fair valued the business including our previously held 4% equity interest. The preliminary purchase price allocation resulted in goodwill of approximately $670 million and amortizable intangible assets of approximately $280 million. The allocation of the purchase price will be finalized upon completion of post-closing procedures.

On October 31, 2016, we announced an agreement with Baker Hughes Incorporated (Baker Hughes) to combine GE's Oil & Gas business and Baker Hughes to create a new company. The transaction will be executed using a partnership structure, pursuant to which GE Oil & Gas and Baker Hughes will each contribute their operating assets to a newly formed partnership. GE will have a 62.5% interest in this partnership and existing Baker Hughes shareholders will have a 37.5% interest through a newly NYSE listed corporation. Baker Hughes shareholders will also receive a special one-time cash dividend of $17.50 per share at closing. GE will contribute $7.4 billon to the new partnership to fund the cash dividend to existing Baker Hughes shareholders. The transaction is subject to the approval of Baker Hughes shareholders, regulatory approvals and other customary closing conditions. The deal is expected to close mid-2017.

On May 10, 2016, we announced the pending acquisition of the heat recovery steam generator (HRSG) business from Doosan Engineering & Construction (Doosan) for $250 million.  On August 16, 2016, we acquired 80% of the HRSG business for approximately $220 million. The remaining 20% of the HRSG business continues to be subject to local regulatory requirements and we expect a staggered close beginning in the second quarter of 2017 and completed by the end of 2017. The preliminary purchase price allocation resulted in goodwill of approximately $170 million and amortizable intangible assets of approximately $35 million. The allocation of the purchase price will be finalized upon completion of post-closing procedures.

2017 1Q FORM 10-Q 74

GOODWILL

CHANGES IN GOODWILL BALANCES
					Dispositions,
					currency
	Balance at				exchange		Balance at
(In millions)	January 1, 2017		Acquisitions		and other		March 31, 2017
Power	$	19,816	$	(6)	$	(14)	$	19,796
Renewable Energy		2,507		-		63		2,571
Oil & Gas		10,363		-		6		10,369
Aviation		9,455		10		114		9,578
Healthcare		17,424		37		(4)		17,457
Transportation		899		-		7		906
Energy Connections & Lighting		6,868		-		(1,046)		5,822
Capital		2,368		-		-		2,368
Corporate		739		689		19		1,446
Total	$	70,438	$	731	$	(856)	$	70,313

Goodwill balances decreased by $125 million in 2017, primarily as a result of the reclassification of goodwill associated with Industrial Solutions to assets of businesses held for sale, partially offset by the acquisition of ServiceMax and the currency exchange effects of a weaker U.S. dollar against other major currencies.

OTHER INTANGIBLE ASSETS

OTHER INTANGIBLE ASSETS - NET
(In millions)	March 31, 2017		December 31, 2016
Intangible assets subject to amortization	$	16,417	$	16,336
Indefinite-lived intangible assets(a)		98		100
Total	$	16,515	$	16,436

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

INTANGIBLE ASSETS SUBJECT TO AMORTIZATION
	March 31, 2017						December 31, 2016
	Gross						Gross
	carrying		Accumulated				carrying		Accumulated
(In millions)	amount		amortization		Net		amount		amortization		Net
Customer-related	$	9,238	$	(2,533)	$	6,706	$	9,172	$	(2,408)	$	6,764
Patents and technology		8,965		(3,383)		5,582		8,693		(3,325)		5,368
Capitalized software		7,654		(4,601)		3,053		7,652		(4,538)		3,114
Trademarks		1,175		(333)		842		1,165		(307)		858
Lease valuations		143		(64)		79		143		(59)		84
Present value of future profits(a)		693		(693)		-		684		(684)		-
All other		277		(123)		154		273		(124)		149
Total	$	28,145	$	(11,729)	$	16,417	$	27,781	$	(11,444)	$	16,336

(a) Balances at March 31, 2017 and December 31, 2016 reflect adjustments of $234 million and $241 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 net gains actually been realized.

Intangible assets subject to amortization increased by $81 million in the three months ended March 31, 2017, primarily as a result of the acquisition of ServiceMax, partially offset by amortization.

GE amortization expense related to intangible assets subject to amortization was $404 million and $445 million in the three months ended March 31, 2017 and 2016, respectively. GE Capital amortization expense related to intangible assets subject to amortization was $20 million and $33 million in the three months ended March 31, 2017 and 2016, respectively.

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NOTE 9. CONTRACT ASSETS

(In millions)		March 31, 2017		December 31, 2016
GE
Revenue in excess of billings
Long-term product service agreements(a)	$	14,194	$	12,752
Long-term equipment contract revenue(b)		6,190		5,859
Total revenue in excess of billings		20,384		18,611
Deferred inventory costs(c)		3,709		3,349
Non-recurring engineering costs(d)		2,253		2,185
Other		1,036		1,018
Contract assets	$	27,382	$	25,162

(a) Long-term product service agreement balances are presented net of related billings in excess of revenues of $3,171 million and $3,750 million at March 31, 2017 and December 31, 2016, respectively.

(b) Reflects revenues earned in excess of billings on our long-term contracts to construct technically complex equipment (such as gas power systems).

(c) Represents cost deferral for shipped goods (such as components for wind turbine assembly within our Renewable Energy segment) and other costs for which the criteria for revenue recognition has not yet been met.

(d) Included costs incurred prior to production (e.g., requisition engineering) for long-term equipment production contracts, primarily within our Aviation segment, which are allocated ratably to each unit produced.

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NOTE 10. BORROWINGS

(In millions)	March 31, 2017		December 31, 2016
Short-term borrowings
GE
Commercial paper	$	2,000	$	1,500
Current portion of long-term borrowings		13,229		17,109
Other		1,631		1,874
Total GE short-term borrowings(a)		16,860		20,482
GE Capital
U.S. Commercial paper		5,017		5,002
Current portion of long-term borrowings(b)		7,186		6,517
Intercompany payable to GE(c)		9,110		11,696
Other		340		229
Total GE Capital short-term borrowings		21,654		23,443
Eliminations (c)		(10,190)		(13,212)
Total short-term borrowings	$	28,324	$	30,714
Long-term borrowings
GE
Senior notes	$	52,649	$	54,396
Subordinated notes		2,767		2,768
Subordinated debentures(e)		723		719
Other		1,002		928
Total GE long-term borrowings(a)		57,142		58,810
GE Capital
Senior notes		40,940		44,131
Subordinated notes		225		236
Intercompany payable to GE(d)		41,207		47,084
Other(b)		1,451		1,992
Total GE Capital long-term borrowings		83,824		93,443
Eliminations (d)		(41,292)		(47,173)
Total long-term borrowings	$	99,674	$	105,080
Non-recourse borrowings of consolidated securitization entities(f)	$	668	$	417
Total borrowings	$	128,667	$	136,210

(a) Excluding assumed debt of GE Capital, the total amount of GE borrowings was $23,685 million and $20,512 million at March 31, 2017 and December 31, 2016, respectively.

(b) Included $1,891 million and $2,665 million of funding secured by aircraft and other collateral at March 31, 2017 and December 31, 2016, respectively, of which $682 million and $1,419 million is non-recourse to GE Capital at March 31, 2017 and December 31, 2016, respectively.

(c) Included a reduction of zero and $1,329 million for short-term intercompany loans from GE Capital to GE at March 31, 2017 and December 31, 2016, respectively, which bear the right of offset against amounts owed under the assumed debt agreement.  Excluding intercompany loans, total short-term assumed debt was $9,110 million and $13,024 million at March 31, 2017 and December 31, 2016, respectively. The remaining short-term loan balance was paid in January 2017. 

(d) Included a reduction of $4,075 million and zero for long-term intercompany loans from GE Capital to GE at March 31, 2017 and December 31, 2016, respectively, which bear the right of offset against amounts owed under the assumed debt agreement. Excluding intercompany loans, total long-term assumed debt was $45,282 million and $47,084 million at March 31, 2017 and December 31, 2016, respectively. The $4,075 million of intercompany loans collectively have a weighted average interest rate of 3.6% and term of approximately 15 years.

(e) Comprises 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.

(f) Included $521 million and $320 million of current portion of long-term borrowings at March 31, 2017 and December 31, 2016, respectively. See Note 17.

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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. $92,537 million 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 March 31, 2017, the Guarantee applies to $45,315 million of GE Capital debt.

See Notes 16 and 21 for additional information about borrowings and associated swaps.

NOTE 11. 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 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 March 31
(In millions)		2017			2016
Service cost for benefits earned	$	289		$	315
Prior service cost amortization		73			76
Expected return on plan assets		(849)			(834)
Interest cost on benefit obligations		717			734
Net actuarial loss amortization		710			612
Curtailment loss		43	(a)		-
Pension plans cost	$	983		$	903

(a)Curtailment loss resulting from our intent to sell the Industrial Solutions business.

	Other pension plans
	Three months ended March 31
(In millions)		2017		2016
Service cost for benefits earned	$	151	$	113
Prior service credit amortization		(1)		(1)
Expected return on plan assets		(294)		(263)
Interest cost on benefit obligations		142		172
Net actuarial loss amortization		103		64
Pension plans cost	$	101	$	85

EFFECT ON OPERATIONS OF PRINCIPAL RETIREE BENEFIT PLANS
	Principal retiree benefit plans
	Three months ended March 31
(In millions)	2017			2016
Service cost for benefits earned	$	26		$	25
Prior service credit amortization		(43)			(41)
Expected return on plan assets		(9)			(11)
Interest cost on benefit obligations		57			63
Net actuarial gain amortization		(21)			(13)
Curtailment loss		3	(a)		-
Retiree benefit plans cost	$	13		$	23

 (a) Curtailment loss resulting from our intent to sell the Industrial Solutions business.

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NOTE 12. INCOME TAXES

UNRECOGNIZED TAX BENEFITS
(In millions)	March 31, 2017		December 31, 2016
Unrecognized tax benefits	$	4,732	$	4,692
Portion that, if recognized, would reduce tax expense and effective tax rate(a)		2,872		2,886
Accrued interest on unrecognized tax benefits		645		615
Accrued penalties on unrecognized tax benefits		119		118
Reasonably possible reduction to the balance of unrecognized tax benefits
in succeeding 12 months		0-600		0-600
Portion that, if recognized, would reduce tax expense and effective tax rate(a)		0-500		0-500

(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.  It is reasonably possible that a portion of 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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NOTE 13. SHAREOWNERS' EQUITY

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
	Three months ended March 31
(In millions)	2017		2016
Investment securities
Beginning balance	$	674	$	460
Other comprehensive income (loss) (OCI) before reclassifications –
net of deferred taxes of $13 and $81		18		159
Reclassifications from OCI – net of deferred taxes of $(36) and $40		(69)		60
Other comprehensive income (loss)(a)		(52)		220
Less OCI attributable to noncontrolling interests		-		-
Ending balance	$	622	$	680
Currency translation adjustments (CTA)
Beginning balance	$	(6,816)	$	(5,499)
OCI before reclassifications – net of deferred taxes of $(33) and $266		262		115
Reclassifications from OCI – net of deferred taxes of $(540) and $119		554		(114)
Other comprehensive income (loss)(a)		815		1
Less OCI attributable to noncontrolling interests		4		3
Ending balance	$	(6,004)	$	(5,500)
Cash flow hedges
Beginning balance	$	12	$	(80)
OCI before reclassifications – net of deferred taxes of $5 and $(8)		20		(25)
Reclassifications from OCI – net of deferred taxes of $1 and $5		-		79
Other comprehensive income (loss)(a)		20		55
Less OCI attributable to noncontrolling interests		-		-
Ending balance	$	32	$	(26)
Benefit plans
Beginning balance	$	(12,469)	$	(11,410)
Prior service credit (costs) - net of deferred taxes of $0 and $5		-		23
Net actuarial gain (loss) – net of deferred taxes of $101 and $22		476		68
Net curtailment/settlement - net of deferred taxes of $16 and $0		30		-
Prior service cost amortization – net of deferred taxes of $19 and $21		11		16
Net actuarial loss amortization – net of deferred taxes of $253 and $216		533		443
Other comprehensive income (loss)(a)		1,049		550
Less OCI attributable to noncontrolling interests		2		(1)
Ending balance	$	(11,421)	$	(10,859)
Accumulated other comprehensive income (loss) at March 31	$	(16,771)	$	(15,705)

(a) Total other comprehensive income (loss) was $1,833 million and $826 million in the three months ended March 31, 2017 and 2016, respectively.

2017 1Q FORM 10-Q 80

RECLASSIFICATION OUT OF AOCI
	Three months ended March 31
(In millions)	2017		2016		Statement of Earnings caption
Available-for-sale securities
Realized gains (losses) on
sale/impairment of securities	$	105	$	(100)	Total revenues and other income(a)
Income taxes		(36)		40	Benefit (provision) for income taxes(b)
Net of tax	$	69	$	(60)
Currency translation adjustments
Gains (losses) on dispositions	$	(14)	$	(6)	Total revenues and other income(c)
Income taxes		(540)		119	Benefit (provision) for income taxes(d)
Net of tax	$	(554)	$	114
Cash flow hedges
Gains (losses) on interest rate derivatives	$	(9)	$	(30)	Interest and other financial charges
Foreign exchange contracts		12		(41)	(e)
Other		(4)		(13)	(f)
Total before tax		(1)		(84)
Income taxes		1		5	Benefit (provision) for income taxes
Net of tax	$	-	$	(79)
Benefit plan items
Curtailment gain (loss)	$	(46)	$	-	(g)
Amortization of prior service costs		(30)		(37)	(g)
Amortization of actuarial gains (losses)		(786)		(659)	(g)
Total before tax		(862)		(696)
Income taxes		288		237	Benefit (provision) for income taxes
Net of tax	$	(574)	$	(459)
Total reclassification adjustments (net of tax)	$	(1,058)	$	(485)

(a) Included an insignificant amount and $(78) million for the three months ended March 31, 2017 and 2016, respectively in earnings (loss) from discontinued operations, net of taxes.

(b) Included an insignificant amount and $32 million for the three months ended March 31, 2017 and 2016, respectively in earnings (loss) from discontinued operations, net of taxes.

(c) Included $30 million and $(5) for the three months ended March 31, 2017 and 2016, respectively in earnings (loss) from discontinued operations, net of taxes.

(d) Included $(540) million and $119 for the three months ended March 31, 2017 and 2016, respectively in earnings (loss) from discontinued operations, net of taxes.

(e) Included $25 million and $(22) million in GE Capital revenues from services and $(12) million and $(19) million in interest and other financial charges in the three months ended March 31, 2017 and 2016, 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 11 for further information.

2017 1Q FORM 10-Q 81

SHARES OF GE PREFERRED STOCK

On January 20, 2016, we issued $5,694 million of GE Series D preferred stock following an exchange offer for existing GE Series A, B and C preferred stock that had been issued as part of the GE Capital Exit Plan.  The Series D preferred stock bear a fixed interest rate of 5.00% through January 21, 2021 and a floating rate equal to three-month LIBOR plus 3.33% thereafter.  The Series D preferred stock are callable on January 21, 2021.  Following the exchange offer, $250 million of Series A, B and C preferred stock remain outstanding with an initial average fixed dividend rate of 4.07%. The total carrying value of the GE preferred stock at March 31, 2017 was $5,317 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. Dividends on GE preferred stock totaled $34 million and $289 million, including cash dividends of zero and $65 million in the three months ended March 31, 2017 and 2016, respectively. Prior year dividend amount included deemed dividend of $232 million on GE preferred stock, including $195 million for the amount by which the fair value of the Series D preferred stock exceeded the existing Series A, B and C preferred stock and a cash payment of $37 million to the existing preferred shareholders. In conjunction with the issuance of GE preferred stock, GE Capital issued preferred stock to GE for which the amount and terms mirror the GE preferred stock held by external investors ($5,317 million carrying value at March 31, 2017).

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 March 31
(In millions)		2017		2016
Beginning balance at January 1	$	1,663	$	1,864
Net earnings (loss)		5		(69)
Dividends		(9)		(7)
Dispositions		(13)		(42)
Other (including AOCI)(a)(b)		(7)		(79)
Ending balance at March 31	$	1,639	$	1,667

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

(b) 2016 included $(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, and prior to the July 1, 2016 sale of GEAM.

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 with Alstom in grid technology, renewable energy, and global nuclear and French steam power. Noncontrolling interests in these joint ventures hold certain redemption rights. These joint ventures and the associated redemption rights are discussed below. Our retained earnings is 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.

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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 2017 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.

CHANGES TO REDEEMABLE NONCONTROLLING INTERESTS
	Three months ended March 31
(In millions)		2017		2016
Beginning balance at January 1	$	3,025	$	2,972
Net earnings (loss)		(81)		(53)
Dividends		(10)		(9)
Redemption value adjustment		73		32
Other		47		94
Ending balance at March 31(a)	$	3,054	$	3,036

(a)Included $2,760 and $2,928 million related to the Alstom joint ventures at March 31, 2017 and 2016, respectively.

OTHER

Common dividends from GE Capital to GE totaled $2,000 million and $7,500 million in the three months ended March 31, 2017 and 2016, respectively. In April 2017, GE received an additional $2,000 million in common dividends from GE Capital.

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NOTE 14. EARNINGS PER SHARE INFORMATION

	Three months ended March 31
	2017				2016
(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)	$	886	$	886	$	533	$	533
Preferred stock dividends		(34)		(34)		(289)		(289)
Earnings from continuing operations attributable to
common shareowners for per-share calculation(a)(b)	$	852	$	852	$	244	$	244
Earnings (loss) from discontinued operations
for per-share calculation(a)(b)		(243)		(243)		(311)		(311)
Net earnings attributable to GE common
shareowners for per-share calculation(a)(b)	$	613	$	613	$	(64)	$	(64)
Average equivalent shares
Shares of GE common stock outstanding		8,714		8,714		9,288		9,288
Employee compensation-related shares (including
stock options)		98		-		95		-
Total average equivalent shares		8,811		8,714		9,383		9,288
Per-share amounts
Earnings from continuing operations	$	0.10	$	0.10	$	0.03	$	0.03
Earnings (loss) from discontinued operations		(0.03)		(0.03)		(0.03)		(0.03)
Net earnings		0.07		0.07		(0.01)		(0.01)

(a) Our unvested restricted stock unit awards that contain non-forfeitable rights to dividends or dividend equivalents are considered participating securities. For the periods ended March 31, 2017 and 2016, pursuant to the two-class method, as a result of the excess of dividends in respect to current period earnings, losses were not allocated to the participating securities.

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

For the three months ended March 31, 2017, approximately 15 million of outstanding stock awards were not included in the computation of diluted earnings (loss) per share because their effect was antidilutive. As a result of the loss from continuing operations for the three months ended March 31, 2016, all of the outstanding stock awards, approximately 33 million, were not included in the computation of diluted earnings (loss) per share because their effect was antidilutive. 

Earnings-per-share amounts are computed independently for earnings (loss) from continuing operations, earnings (loss) from discontinued operations and net earnings (loss). 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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NOTE 15. FAIR VALUE MEASUREMENTS

RECURRING FAIR VALUE MEASUREMENTS

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

ASSETS AND LIABILITIES MEASURED AT FAIR VALUE ON A RECURRING BASIS
										Netting
(In millions)	Level 1		(a)	Level 2		(a)	Level 3		(b)	adjustment		Net balance (c)
March 31, 2017
Assets
Investment securities	$	241		$	37,740		$	3,967		$	-	$	41,949
Derivatives		-			4,311			21			(3,869)		463
Total	$	241		$	42,051		$	3,988		$	(3,869)	$	42,412
Liabilities
Derivatives	$	-		$	3,713		$	4		$	(2,935)	$	782
Other(d)		-			1,179			-			-		1,179
Total	$	-		$	4,892		$	4		$	(2,935)	$	1,961
December 31, 2016
Assets
Investment securities	$	188		$	39,719		$	4,406		$	-	$	44,313
Derivatives		-			5,444			23			(5,121)		345
Total	$	188		$	45,163		$	4,429		$	(5,121)	$	44,658
Liabilities
Derivatives	$	-		$	4,880		$	2		$	(4,449)	$	434
Other(d)		-			1,143			-			-		1,143
Total	$	-		$	6,024		$	2		$	(4,449)	$	1,577

(a) There were no significant transfers between Level 1 and Level 2 for the three months ended March 31, 2017 and 2016.

(b) Includes debt securities classified within Level 3 of $3,407 million of U.S. corporate and $240 million of Non-U.S. corporate at March 31, 2017, and $3,399 million of U.S. corporate and $688 million of Non-U.S. corporate. securities at December 31, 2016.

(c) See Notes 3, 16 and 21 for additional information on the composition of our investment securities and derivative portfolios.

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

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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 realized/			Net realized/
			unrealized		unrealized
			gains			gains
			(losses)			(losses)							Transfers		Transfers
	Balance at		included in			included							into		out of		Balance at
(In millions)	January 1		earnings(a)			in AOCI	Purchases(b)		Sales		Settlements		Level 3		Level 3		March 31
2017
Investment securities	$	4,406	$	9	$	6	$	92	$	-	$	(88)	$	11	$	(470)	$	3,967
Derivatives		21		1		(1)		(1)		-		(2)		-		(1)		17
Other		-		-		-		-		-		-		-		-		-
Total	$	4,427	$	10	$	5	$	91	$	-	$	(90)	$	12	$	(471)	$	3,985
2016
Investment securities	$	3,695	$	(12)	$	64	$	60	$	(5)	$	(9)	$	-	$	(15)	$	3,777
Derivatives		88		4		-		-		-		1		(11)		(1)		82
Other		259		-		-		-		-		-		-		(259)		-
Total	$	4,042	$	(8)	$	63	$	60	$	(5)	$	(8)	$	(11)	$	(275)	$	3,859

(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) Includes $91 million of U.S. corporate for the three months ended March 31, 2017.

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 March 31, 2017 and December 31, 2016.

	Remeasured during the three months ended March 31, 2017					Remeasured during the year ended December 31, 2016
(In millions)	Level 2		Level 3		Level 2		Level 3
Financing receivables and financing receivables held for sale	$	-	$	-	$	-	$	30
Cost and equity method investments		-		-		-		103
Long-lived assets		-		358		17		1,055
Total	$	-	$	358	$	17	$	1,189

The following table represents the fair value adjustments to assets measured at fair value on a non-recurring basis and still held at March 31, 2017 and 2016.

	Three months ended March 31
(In millions)	2017		2016
Financing receivables and financing receivables held for sale	$	-	$	(23)
Cost and equity method investments		(9)		(115)
Long-lived assets		(35)		(58)
Total	$	(44)	$	(197)

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LEVEL 3 MEASUREMENTS - SIGNIFICANT UNOBSERVABLE INPUTS
					Range
(Dollars in millions)	Fair value		Valuation technique	Unobservable inputs	(weighted-average)
March 31, 2017
Recurring fair value measurements
Investment securities (b)	$	974	Income approach	Discount rate(a)	1.8%-24.2% (7.4%)
Non-recurring fair value measurements
Long-lived assets		57	Income approach	Discount rate(a)	2.5%-12.1% (6.5%)
December 31, 2016
Recurring fair value measurements
Investment securities (b)	$	830	Income approach	Discount rate(a)	1.4%-17.4% (7.9%)
Non-recurring fair value measurements
Financing receivables and
financing receivables held for sale	$	30	Income approach	Discount rate(a)	2.5%-30.0% (20.3%)
Cost and equity method investments		94	Income approach	Discount rate(a)	9.0%-30.0% (11.8%)
Long-lived assets		683	Income approach	Discount rate(a)	2.5%-20.0% (10.4%)

(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.

(b) Comprises substantially all of U.S. corporate securities.

At March 31, 2017 and December 31, 2016, other Level 3 recurring fair value measurements of $3,011 million and $3,598 million, respectively, and non-recurring measurements of $301 million and $379 million, respectively, are valued using non-binding broker quotes or other third-party sources. At March 31, 2017 and December 31, 2016, other recurring and non-recurring fair value measurements were individually insignificant and utilize a number of different unobservable inputs not subject to meaningful aggregation.

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NOTE 16. 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 values 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.

	March 31, 2017				December 31, 2016
	Carrying				Carrying
	amount		Estimated		amount		Estimated
(In millions)	(net)		fair value		(net)		fair value
GE
Assets
Investments and notes receivable	$	1,283	$	1,352	$	1,526	$	1,595
Liabilities
Borrowings(a)(b)		19,610		20,472		19,184		19,923
Borrowings (debt assumed)(a)(c)		54,392		61,307		60,109		66,998
GE Capital
Assets
Loans		18,837		18,833		21,060		20,830
Other commercial mortgages		1,420		1,493		1,410		1,472
Loans held for sale		740		740		473		473
Other financial instruments(d)		118		163		121		150
Liabilities
Borrowings(a)(e)(f)(g)		55,828		59,709		58,523		62,024
Investment contracts		2,724		3,164		2,813		3,277

(a)See Note 10.

(b)            Included $187 million and $115 million of accrued interest in estimated fair value at March 31, 2017 and December 31, 2016, respectively.

(c) Included $599 million and $803 million of accrued interest in estimated fair value at March 31, 2017 and December 31, 2016, respectively.

(d) Principally comprises cost method investments.

(e) Fair values exclude interest rate and currency derivatives designated as hedges of borrowings. Had they been included, the fair value of borrowings at March 31, 2017 and December 31, 2016 would have been reduced by $2,309 million and $2,397 million, respectively.

(f) Included $611 million and $775 million of accrued interest in estimated fair value at March 31, 2017 and December 31, 2016, respectively.

(g) Excluded $50,317 million and $58,780 million of net intercompany payable to GE at March 31, 2017 and December 31, 2016 respectively.

NOTIONAL AMOUNTS OF LOAN COMMITMENTS
(In millions)	March 31, 2017		December 31, 2016
Ordinary course of business lending commitments(a)	$	956	$	687
Unused revolving credit lines		236		238

(a) Excluded investment commitments of $555 million and $522 million at March 31, 2017 and December 31, 2016, respectively.

SECURITIES REPURCHASE AND REVERSE REPURCHASE ARRANGEMENTS

We enter into reverse securities repurchase agreements, primarily for short-term investment with maturities of 90 days or less. At March 31, 2017, we were party to reverse repurchase agreements totaling $2,950 million, 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.

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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 March 31, 2017. 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.

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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 March 31
(In millions)	2017		2016
Balance sheet changes
Fair value of derivatives increase (decrease)	$	22	$	(56)
Shareowners' equity (increase) decrease		(22)		57
Earnings (loss) related to ineffectiveness		-		1
Earnings (loss) effect of derivatives(a)		(1)		(84)
(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.

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FINANCIAL STATEMENT EFFECTS - FAIR VALUE HEDGES
	Three months ended March 31
(In millions)	2017		2016
Balance sheet changes
Fair value of derivative increase (decrease)	$	(225)	$	1,723
Adjustment to carrying amount of hedged debt (increase) decrease		163		(1,754)
Earnings (loss) related to hedge ineffectiveness		(62)		(32)

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 U.S. dollar. We hedge the currency risk associated with those investments primarily using short-term currency exchange contracts under which we receive U.S. 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 March 31
(In millions)	2017		2016
Balance sheet changes
Fair value of derivatives increase (decrease)	$	(92)	$	329
Fair value of non-derivatives (increase) decrease		(471)		273
Shareowners' equity (increase) decrease		573		(569)
Earnings (loss) related to spot-forward differences and ineffectiveness		10		32
Earnings (loss) related to reclassification upon sale or liquidation(a)		60		(693)

(a) Included $60 million and $(693) million recorded in discontinued operations in the three months ended March 31, 2017 and 2016, 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 March 31
(In millions)	2017		2016
Balance sheet changes
Change in fair value of economic hedge increase (decrease)	$	(339)	$	(278)
Change in carrying amount of item being hedged increase (decrease)		224		87
Earnings (loss) effect of economic hedges(a)		(115)		(191)

(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 $161 billion at March 31, 2017 is related to managing interest rate and currency risk between financial assets and liabilities in our financial services business. The remaining derivative notional amount primarily relates to hedges of anticipated sales and purchases in foreign currency, commodity purchases and contractual terms in contracts that are considered embedded derivatives.

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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 Statement of Financial Position. 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)	March 31, 2017		December 31, 2016
Derivative assets	$	4,332	$	5,467
Derivative liabilities		(3,717)		(4,883)
Accrued interest		352		792
Cash collateral & credit valuation adjustment		(934)		(672)
Net Derivatives		33		703
Securities held as collateral		(323)		(442)
Net amount	$	(291)	$	262

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 pre-tax earnings.

	Three months ended March 31
(In millions)		Effect on hedging instrument		Effect on underlying		Effect on earnings
2017
Cash flow hedges	$	22	$	(22)	$	-
Fair value hedges		(225)		163		(62)
Net investment hedges(a)		(563)		573		10
Economic hedges(b)		(339)		224		(115)
Total					$	(167)

2016
Cash flow hedges	$	(56)	$	57	$	1
Fair value hedges		1,723		(1,754)		(32)
Net investment hedges(a)		602		(569)		32
Economic hedges(b)		(278)		87		(191)
Total					$	(190)

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.

See Note 13 for additional information about changes in shareowners' equity related to hedging and amounts released to earnings. See Note 21 for other supplemental information about derivatives and hedging.

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NOTE 17. VARIABLE INTEREST ENTITIES

A VIE is an entity that has one of three characteristics: (1) it is controlled by someone other than its shareowners or partners, (2) its shareowners or partners are not economically exposed to the entity's earnings (for example, they are protected against losses), or (3) it was thinly capitalized when it was formed.

In the normal course of our business we become involved with VIEs either because we help create them or we invest in them. Our VIEs either provide goods and services to customers or provide financing to third parties for the purchase of GE goods and services. If we control the VIE, we consolidate it and provide disclosures below. However, if the VIE is a business and use of its assets is not limited to settling its liabilities, ongoing disclosures are not required.

CONSOLIDATED VARIABLE INTEREST ENTITIES

Our most significant consolidated VIEs are the three joint ventures that were formed as part of the Alstom acquisition. These joint ventures include grid technology, renewable energy, and global nuclear and French steam power and have combined assets, liabilities and redeemable noncontrolling interest as of March 31, 2017 and December 31, 2016 of $15,519 million, $8,266 million and $2,760 million and $14,460 million, $9,922 million and $2,709 million, respectively. These joint ventures are considered VIEs because the equity held by Alstom does not participate fully in the earnings of the ventures due to the contractual features allowing Alstom to sell their interests back to GE. We consolidate these ventures because we control all their significant activities. These joint ventures are in all other respects regular businesses and are therefore exempt from ongoing disclosure requirements for VIEs provided below.

The table below provides information about VIEs that are subject to ongoing disclosure requirements.  Substantially all of these entities were created to help our customers finance the purchase of GE goods and services or to purchase GE current and customer notes receivable originating from sales of goods and services. These entities have no features that could expose us to losses that would significantly exceed the difference between the consolidated assets and liabilities.

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ASSETS AND LIABILITIES OF CONSOLIDATED VIEs
				GE Capital
					Customer
(In millions)	GE		Notes receivables(a)				Other	Total
March 31, 2017
Assets
Financing receivables, net	$	-		$	-	$	948	$	948
Current receivables		63			554		-		617
Investment securities		-			-		976		976
Other assets		477			1,145		1,530		3,152
Total	$	540		$	1,699	$	3,454	$	5,693
Liabilities
Borrowings	$	-		$	-	$	754	$	754
Non-recourse borrowings		-			652		16		668
Other liabilities		449			1,022		1,790		3,261
Total	$	449		$	1,674	$	2,560	$	4,683
December 31, 2016
Assets
Financing receivables, net	$	-		$	-	$	1,035	$	1,035
Current receivables		57			670		-		727
Investment securities		-			-		982		982
Other assets		492			1,122		1,747		3,361
Total	$	549		$	1,792	$	3,764	$	6,105
Liabilities
Borrowings	$	1		$	-	$	818	$	819
Non-recourse borrowings		-			401		16		417
Other liabilities		457			1,378		1,482		3,317
Total	$	458		$	1,779	$	2,316	$	4,553

(a) Two funding vehicles established to purchase customer notes receivable from GE, one of which is partially funded by third-party debt.

Total revenues from our consolidated VIEs were $252 million and $355 million for the three months ended March 31, 2017 and 2016, respectively. Related expenses consisted primarily of cost of goods and services of $95 million and $344 million for the three months ended March 31, 2017 and 2016, respectively.

Where we provide servicing for third-party investors, we are contractually permitted to commingle cash collected from customers on financing receivables sold to third-party investors with our own cash prior to payment to third-party investors, provided our short-term credit rating does not fall below A-1/P1. These third-party investors also owe us amounts for purchased financial assets and scheduled interest and principal payments. At March 31, 2017 and December 31, 2016, the amounts of commingled cash owed to the third-party investors were $923 million and $1,117 million, respectively, and the amounts owed to us by third-party investors were $163 million and $5 million, respectively.

UNCONSOLIDATED VARIABLE INTEREST ENTITIES

We become involved with unconsolidated VIEs primarily through assisting in the formation and financing of the entity. We do not consolidate these entities because we do not have power over decisions that significantly affect their economic performance. Our investments in unconsolidated VIEs, at March 31, 2017 and December 31, 2016 were $6,271 million and $6,346 million, respectively. Substantially all of these investments are held by Energy Financial Services. Obligations to make additional investments in these entities are not significant.

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NOTE 18. COMMITMENTS, GUARANTEES, PRODUCT WARRANTIES AND OTHER LOSS CONTINGENCIES

COMMITMENTS

The GE Capital Aviation Services (GECAS) business in GE Capital had placed multiple-year orders for various Boeing, Airbus and other aircraft manufacturers with list prices approximating $32,523 million and secondary orders with airlines for used aircraft of approximately $2,403 million at March 31, 2017. In our Aviation segment, we had committed to provide financing assistance of $1,891 million of future customer acquisitions of aircraft equipped with our engines.

GUARANTEES

Our guarantees are provided in the ordinary course of business. We underwrite these guarantees considering economic, liquidity and credit risk of the counterparty. We believe that the likelihood is remote that any such arrangements could have a significant adverse effect on our financial position, results of operations or liquidity. We record liabilities for guarantees at estimated fair value, generally the amount of the premium received, or if we do not receive a premium, the amount based on appraisal, observed market values or discounted cash flows. Any associated expected recoveries from third parties are recorded as other receivables, not netted against the liabilities.

At March 31, 2017, we were committed under the following guarantee arrangements beyond those provided on behalf of VIEs. See Note 17.

Credit Support. We have provided $1,620 million of credit support on behalf of certain customers or associated companies, predominantly joint ventures and partnerships, using arrangements such as standby letters of credit and performance guarantees. These arrangements enable these customers and associated companies to execute transactions or obtain desired financing arrangements with third parties. Should the customer or associated company fail to perform under the terms of the transaction or financing arrangement, we would be required to perform on their behalf. Under most such arrangements, our guarantee is secured, usually by the asset being purchased or financed, or possibly by certain other assets of the customer or associated company. The length of these credit support arrangements parallels the length of the related financing arrangements or transactions. The liability for such credit support was $42 million at March 31, 2017.

Indemnification Agreements – Continuing Operations. We have agreements that require us to fund up to $232 million at March 31, 2017 under residual value guarantees on a variety of leased equipment. Under most of our residual value guarantees, our commitment is secured by the leased asset. The liability for these indemnification agreements was $7 million at March 31, 2017.

At March 31, 2017, we also had $1,044 million of other indemnification commitments, substantially all of which relate to representations and warranties in sales of businesses or assets. The liability for these indemnification commitments was $227 million at March 31, 2017.

Indemnification Agreements – Discontinued Operations. At March 31, 2017, we provided specific indemnifications to buyers of GE Capital's assets that amounted to $2,550 million, for which we have recognized related liabilities of $297 million. In addition, in connection with the 2015 public offering and sale of our North American Retail Finance business, Synchrony Financial, GE Capital indemnified Synchrony Financial and its directors, officers, and employees against the liabilities of GECC's businesses other than historical liabilities of the businesses that are part of Synchrony Financial's ongoing operations.

Contingent Consideration. These are agreements to provide additional consideration to a buyer or seller in a business combination if contractually specified conditions related to the acquisition or disposition are achieved. The amount of contingent consideration was insignificant at March 31, 2017.

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PRODUCT WARRANTIES

We provide for estimated product warranty expenses when we sell the related products. Because warranty estimates are forecasts that are based on the best available information – mostly historical claims experience – claims costs may differ from amounts provided. An analysis of changes in the liability for product warranties follows.

		Three months ended March 31
(In millions)		2017		2016
Balance at January 1	$	1,920	$	1,723
Current-year provisions		158		167
Expenditures		(211)		(179)
Other changes		17		53
Balance at March 31	$	1,884	$	1,764

OTHER LOSS CONTINGENCIES

LEGAL MATTERS

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 March 31, 2017 and December 31, 2016, such claims consisted of $1,060 million of individual claims generally submitted before the filing of a lawsuit and $5,456 million of additional claims asserted against WMC in litigation without making a prior claim (Litigation Claims). The total amount of these claims, $6,516 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. 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 $626 million at March 31, 2017. 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 March 31
(In millions)		2017		2016
Balance, beginning of period	$	626	$	875
Provision		-		57
Claim resolutions / rescissions		-		(99)
Balance, end of period	$	626	$	833

2017 1Q FORM 10-Q 97

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 March 31, 2017. 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 March 31, 2017, there were 10 lawsuits involving claims made against WMC arising from alleged breaches of representations and warranties on mortgage loans included in 11 securitizations. The adverse parties in these cases are securitization trustees or parties claiming to act on their behalf. On January 23, 2017, the ResCap Liquidating Trust, as successor to Residential Funding Company, LLC (RFC), filed a lawsuit against WMC in the United States District Court for the District of Minnesota arising from alleged breaches in representations and warranties made by WMC in connection with the sale of approximately $840 million in loans to RFC over a period of time preceding RFC's filing for bankruptcy protection in May 2012. 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.

Alstom legacy matters. On November 2, 2015, we acquired the Thermal, Renewables and Grid businesses from Alstom.  Prior to the acquisition, the seller was the subject of two significant cases involving anti-competitive activities and improper payments: (1) in January 2007, Alstom was fined €65 million by the European Commission for participating in a gas insulated switchgear cartel that operated from 1988 to 2004 (that fine was later reduced to €59 million), and (2) in December 2014, Alstom pled guilty in the United States to multiple violations of the Foreign Corrupt Practices Act and paid a criminal penalty of $772 million. As part of GE's accounting for the acquisition, we established a reserve amounting to $858 million for legal and compliance matters related to the legacy business practices that were the subject of these and related cases in various jurisdictions.

2017 1Q FORM 10-Q 98

Regardless of jurisdiction, the allegations relate to claimed anti-competitive conduct or improper payments in the pre-acquisition period as the source of legal violations and/or damages. Given the significant litigation and compliance activity related to these matters and our ongoing efforts to resolve them, it is difficult to assess whether the disbursements will ultimately be consistent with the reserve established. The estimation of this reserve involved significant judgment and may not reflect the full range of uncertainties and unpredictable outcomes inherent in litigation and investigations of this nature. Damages sought may include disgorgement of profits on the underlying business transactions, fines and/or penalties, interest, or other forms of resolution. Factors that can affect the ultimate amount of losses associated with these matters include the way cooperation is assessed and valued, prosecutorial discretion in the determination of damages, formulas for determining fines and penalties, the duration and amount of legal and investigative resources applied, and political and social influences within each jurisdiction, among other considerations. Actual losses arising from claims in these matters could exceed the amount provided. At this time, we are unable to develop a meaningful estimate of the range of reasonably possible additional losses for this exposure.

ENVIRONMENTAL MATTERS

Our operations, like operations of other companies engaged in similar businesses, involve the use, disposal and cleanup of substances regulated under environmental protection laws. We are involved in numerous remediation actions to clean up hazardous wastes as required by federal and state laws. Liabilities for remediation costs exclude possible insurance recoveries and, when dates and amounts of such costs are not known, are not discounted. When there appears to be a range of possible costs with equal likelihood, liabilities are based on the low end of such range. It is reasonably possible that our environmental remediation exposure will exceed amounts accrued. However, due to uncertainties about the status of laws, regulations, technology and information related to individual sites, such amounts are not reasonably estimable. For further information, see our Annual Report on Form 10-K for the fiscal year ended December 31, 2016.

NOTE 19. INTERCOMPANY TRANSACTIONS

Transactions between related companies are made on an arms-length basis and are reported in the respective GE and GE Capital columns of our financial statements, but are eliminated in deriving our consolidated financial statements. These transactions include, but are not limited to, the following:

 GE Capital dividends to GE,

 GE Capital working capital solutions to optimize GE cash management,

 GE Capital enabled GE industrial orders, and

 Aircraft engines, power equipment and healthcare equipment manufactured by GE that are installed on GE Capital investments, including leased equipment.

In addition to the above transactions that primarily enable growth for the GE businesses, there are routine related party transactions, which include, but are not limited to, the following:

 Expenses related to parent-subsidiary pension plans,

 Buildings and equipment leased between GE and GE Capital, including sale-leaseback transactions,

 Information technology (IT) and other services sold to GE Capital by GE, and

 Various investments, loans and allocations of GE corporate overhead costs.

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Presented below is a walk of intercompany eliminations from the combined GE and GE Capital totals to the consolidated cash flows.

	Three months ended March 31
(In millions)	2017		2016
Cash from (used for) operating activities-continuing operations
Combined	$	489	$	7,551
GE current receivables sold to GE Capital		2,182		886
GE Capital dividends to GE		(2,000)		(7,500)
Other reclassifications and eliminations(a)		297		960
Total cash from (used for) operating activities-continuing operations	$	967	$	1,897
Cash from (used for) investing activities-continuing operations
Combined	$	4,979	$	26,515
GE current receivables sold to GE Capital		(2,471)		(888)
GE Capital long-term loans to GE		4,075		-
GE Capital short-term loan to GE		(1,329)		-
Other reclassifications and eliminations(a)		(734)		(955)
Total cash from (used for) investing activities-continuing operations	$	4,520	$	24,672
Cash from (used for) financing activities-continuing operations
Combined	$	(12,166)	$	(29,504)
GE current receivables sold to GE Capital		289		2
GE Capital dividends to GE		2,000		7,500
GE Capital long-term loans to GE		(4,075)		-
GE Capital short-term loan to GE		1,329		-
Other reclassifications and eliminations(a)		438		(5)
Total cash from (used for) financing activities-continuing operations	$	(12,185)	$	(22,007)

(a) Includes eliminations of other cash flows activities including those related to GE Capital enabled GE industrial orders, various investments, loans and allocations of GE corporate overhead costs.

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NOTE 20. 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 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 March 31, 2017 and 2016, Condensed Consolidating Statements of Financial Position as of March 31, 2017 and December 31, 2016 and Condensed Consolidating Statements of Cash Flows for the three months ended March 31, 2017 and 2016 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 taxes";

 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 taxes";

 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.

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CONDENSED CONSOLIDATING STATEMENT OF EARNINGS (LOSS) AND COMPREHENSIVE INCOME (LOSS)
FOR THE THREE MONTHS ENDED MARCH 31, 2017 (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	$	8,792	$	-	$	-	$	36,090	$	(19,654)	$	25,228
Other income		54		-		-		4,620		(4,507)		168
Equity in earnings (loss) of affiliates		2,444		-		242		36,682		(39,368)		-
GE Capital revenues from services		-		156		186		2,270		(347)		2,264
Total revenues and other income		11,289		156		428		79,662		(63,875)		27,660
Costs and expenses
Interest and other financial charges		910		150		455		1,082		(1,457)		1,139
Investment contracts, insurance losses and		-		-		-		636		(2)		634
insurance annuity benefits
Other costs and expenses		9,629		-		13		35,305		(19,892)		25,055
Total costs and expenses		10,539		150		468		37,023		(21,351)		26,829
Earnings (loss) from continuing		751		6		(40)		42,640		(42,525)		832
operations before income taxes
Benefit (provision) for income taxes		144		(1)		115		(469)		195		(16)
Earnings (loss) from continuing operations		895		5		74		42,171		(42,330)		816
Earnings (loss) from discontinued
operations, net of taxes		(242)		-		283		1		(280)		(239)
Net earnings (loss)		653		5		357		42,172		(42,610)		577
Less net earnings (loss) attributable to
noncontrolling interests		-		-		-		(48)		(28)		(76)
Net earnings (loss) attributable to
the Company		653		5		357		42,220		(42,582)		653
Other comprehensive income (loss)		1,827		-		617		(1,457)		840		1,827
Comprehensive income (loss) attributable
to the Company	$	2,479	$	5	$	974	$	40,763	$	(41,742)	$	2,479

CONDENSED CONSOLIDATING STATEMENT OF EARNINGS (LOSS) AND COMPREHENSIVE INCOME (LOSS)
FOR THE THREE MONTHS ENDED MARCH 31, 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	$	10,013	$	-	$	-	$	33,759	$	(18,458)	$	25,314
Other income		226		-		-		3,441		(3,659)		9
Equity in earnings (loss) of affiliates		908		-		669		13,623		(15,200)		-
GE Capital revenues from services		-		396		297		4,585		(2,756)		2,522
Total revenues and other income		11,146		396		967		55,407		(40,072)		27,845
Costs and expenses
Interest and other financial charges		811		373		931		1,759		(2,137)		1,736
Investment contracts, insurance losses and		-		-		-		672		(30)		642
insurance annuity benefits
Other costs and expenses		10,455		-		36		35,166		(20,429)		25,228
Total costs and expenses		11,266		373		968		37,597		(22,597)		27,606
Earnings (loss) from continuing		(120)		24		(1)		17,811		(17,475)		238
operations before income taxes
Benefit (provision) for income taxes		619		(3)		(3)		(485)		49		177
Earnings (loss) from continuing operations		499		21		(4)		17,325		(17,425)		415
Earnings (loss) from discontinued
operations, net of taxes		(308)		-		(475)		(426)		901		(308)
Net earnings (loss)		191		21		(479)		16,899		(16,524)		107
Less net earnings (loss) attributable to
noncontrolling interests		-		-		-		(26)		(96)		(121)
Net earnings (loss) attributable to
the Company		191		21		(479)		16,925		(16,429)		228
Other comprehensive income (loss)		824		(12)		(182)		268		(74)		824
Comprehensive income (loss) attributable
to the Company	$	1,015	$	9	$	(662)	$	17,193	$	(16,502)	$	1,052

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CONDENSED CONSOLIDATING STATEMENT OF FINANCIAL POSITION
MARCH 31, 2017 (UNAUDITED)
		Parent						Non-
		Company		Subsidiary		Subsidiary		Guarantor		Consolidating
(In millions)		Guarantor		Issuer		Guarantor		Subsidiaries		Adjustments	Consolidated
Assets
Cash and equivalents	$	628	$	-	$	3	$	41,718	$	(786)	$	41,564
Investment securities		1		-		-		44,414		(2,466)		41,949
Receivables - net		56,401		17,374		30,656		73,347		(138,057)		39,721
Inventories		4,995		-		-		21,820		(4,114)		22,701
Property, plant and equipment - net		5,885		-		-		45,148		(2,017)		49,016
Investment in subsidiaries(a)		277,214		-		80,038		499,436		(856,687)		-
Goodwill and intangible assets		8,238		-		-		46,386		32,204		86,828
All other assets		14,413		44		38		196,989		(151,405)		60,079
Assets of discontinued operations		-		-		-		-		9,786		9,786
Total assets	$	367,777	$	17,419	$	110,734	$	969,258	$	(1,113,544)	$	351,643
Liabilities and equity
Short-term borrowings	$	164,741	$	-	$	45,341	$	23,469	$	(205,226)	$	28,324
Accounts payable		2,335		-		-		48,182		(36,819)		13,698
Other current liabilities		11,920		34		3		23,802		30		35,789
Long-term and non-recourse borrowings		70,390		16,418		34,330		54,840		(75,636)		100,342
All other liabilities		43,857		790		513		54,799		(7,438)		92,522
Liabilities of discontinued operations		-		-		-		-		1,741		1,741
Total Liabilities		293,242		17,242		80,186		205,092		(323,347)		272,416
Redeemable noncontrolling interests		-		-		-		2,282		772		3,054
GE shareowners' equity		74,534		177		30,547		760,205		(790,929)		74,534
Noncontrolling interests		-		-		-		1,678		(39)		1,639
Total equity		74,534		177		30,547		761,883		(790,968)		76,173
Total liabilities, redeemable
noncontrolling interests and equity	$	367,777	$	17,419	$	110,734	$	969,258	$	(1,113,544)	$	351,643

(a) Included within the subsidiaries of the Subsidiary Guarantor are cash and cash equivalent balances of $27,108 million and net assets of discontinued operations of $4,042 million.

2017 1Q FORM 10-Q 103

CONDENSED CONSOLIDATING STATEMENT OF FINANCIAL POSITION
DECEMBER 31, 2016
		Parent						Non-
		Company		Subsidiary		Subsidiary		Guarantor		Consolidating
(In millions)		Guarantor		Issuer		Guarantor		Subsidiaries		Adjustments	Consolidated
Assets
Cash and equivalents	$	2,558	$	-	$	3	$	46,994	$	(1,426)	$	48,129
Investment securities		1		-		-		47,394		(3,082)		44,313
Receivables - net		63,620		17,157		30,470		79,401		(148,385)		42,263
Inventories		4,654		-		-		21,076		(3,377)		22,354
Property, plant and equipment - net		5,768		-		-		46,366		(1,615)		50,518
Investment in subsidiaries(a)		272,685		-		80,481		492,674		(845,840)		-
Goodwill and intangible assets		8,128		-		-		42,074		36,673		86,875
All other assets		14,692		44		39		201,276		(160,134)		55,917
Assets of discontinued operations		-		-		-		-		14,815		14,815
Total assets	$	372,107	$	17,202	$	110,992	$	977,255	$	(1,112,372)	$	365,183
Liabilities and equity
Short-term borrowings	$	167,089	$	1	$	46,432	$	25,919	$	(208,727)	$	30,714
Accounts payable		5,412		-		-		47,366		(38,343)		14,435
Other current liabilities		11,072		33		117		25,095		114		36,431
Long-term and non-recourse borrowings		68,983		16,486		34,389		68,912		(83,273)		105,496
All other liabilities		43,722		511		481		58,376		(9,656)		93,434
Liabilities of discontinued operations		-		-		-		-		4,158		4,158
Total Liabilities		296,279		17,030		81,419		225,667		(335,727)		284,668
Redeemable noncontrolling interests		-		-		-		2,223		802		3,025
GE shareowners' equity		75,828		171		29,573		747,719		(777,463)		75,828
Noncontrolling interests		-		-		-		1,647		16		1,663
Total equity		75,828		171		29,573		749,366		(777,447)		77,491
Total liabilities, redeemable
noncontrolling interests and equity	$	372,107	$	17,202	$	110,992	$	977,255	$	(1,112,372)	$	365,183

(a) Included within the subsidiaries of the Subsidiary Guarantor are cash and cash equivalent balances of $28,516 million and net assets of discontinued operations of $6,012 million.

2017 1Q FORM 10-Q 104

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
THREE MONTHS ENDED MARCH 31, 2017 (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	$	(9,060)	$	13	$	628	$	76,854	$	(67,468)	$	967
Cash from (used for) operating activities -
discontinued operations		(242)		-		-		(419)		3		(658)
Cash from (used for) operating activities		(9,302)		13		628		76,435		(67,465)		309
Cash flows – investing activities
Cash from (used for) investing activities –
continuing operations		3,660		(13)		584		(69,441)		69,730		4,520
Cash from (used for) investing activities –
discontinued operations		-		-		-		(1,871)		-		(1,871)
Cash from (used for) investing activities		3,660		(13)		584		(71,312)		69,730		2,649
Cash flows – financing activities
Cash from (used for) financing activities –
continuing operations		3,713		-		(1,212)		(13,062)		(1,624)		(12,185)
Cash from (used for) financing activities –
discontinued operations		-		-		-		1,907		-		1,907
Cash from (used for) financing activities		3,713		-		(1,212)		(11,155)		(1,624)		(10,278)
Effect of currency exchange rate changes
on cash and equivalents		-		-		-		133		-		133
Increase (decrease) in cash and equivalents		(1,930)		-		-		(5,897)		640		(7,187)
Cash and equivalents at beginning of year		2,558		-		3		48,423		(1,426)		49,558
Cash and equivalents at March 31		628		-		3		42,527		(786)		42,372
Less cash and equivalents of discontinued
operations at March 31		-		-		-		808		-		808
Cash and equivalents of continuing operations
at March 31	$	628	$	-	$	3	$	41,718	$	(786)	$	41,564

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
THREE MONTHS ENDED MARCH 31, 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	$	(18,151)	$	352	$	(924)	$	(17,005)	$	37,625	$	1,897
Cash from (used for) operating activities -
discontinued operations		(308)		-		682		(1,370)		(256)		(1,252)
Cash from (used for) operating activities		(18,459)		352		(242)		(18,376)		37,369		644
Cash flows – investing activities
Cash from (used for) investing activities –
continuing operations		12,177		(517)		1,192		76,560		(64,741)		24,672
Cash from (used for) investing activities –
discontinued operations		-		-		-		7,112		-		7,112
Cash from (used for) investing activities		12,177		(517)		1,192		83,672		(64,741)		31,783
Cash flows – financing activities
Cash from (used for) financing activities –
continuing operations		4,866		165		(944)		(47,916)		21,823		(22,007)
Cash from (used for) financing activities –
discontinued operations		-		-		-		(112)		-		(112)
Cash from (used for) financing activities		4,866		165		(944)		(48,028)		21,823		(22,119)
Effect of currency exchange rate changes
on cash and equivalents		-		-		-		31		-		31
Increase (decrease) in cash and equivalents		(1,416)		-		6		17,300		(5,550)		10,340
Cash and equivalents at beginning of year		4,137		-		-		107,350		(20,609)		90,878
Cash and equivalents at March 31		2,721		-		6		124,649		(26,158)		101,217
Less cash and equivalents of discontinued
operations at March 31		-		-		-		26,143		-		26,143
Cash and equivalents of continuing operations
at March 31	$	2,721	$	-	$	6	$	98,506	$	(26,158)	$	75,075

2017 1Q FORM 10-Q 105

NOTE 21. SUPPLEMENTAL INFORMATION

CASH FLOWS INFORMATION

Amounts reported in the "All other operating activities" line in the Statement of Cash Flows consist primarily of adjustments to current and noncurrent accruals, deferrals of costs and expenses and adjustments to assets. Certain supplemental information related to our cash flows is shown below.

		Three months ended March 31
(In millions)		2017		2016
GE
All other operating activities
(Gains) losses on purchases and sales of business interests	$	(2)	$	(59)
Contract assets (net)(a)		(1,894)		(722)
Income taxes(b)		(415)		(635)
Interest charges(c)		198		116
Principal pension plans(d)		929		853
Other		(485)		(56)
	$	(1,669)	$	(502)
Net dispositions (purchases) of GE shares for treasury
Open market purchases under share repurchase program(e)	$	(1,888)	$	(6,412)
Other purchases		-		(309)
Dispositions		309		394
	$	(1,578)	$	(6,326)

(a) Contract assets are presented net of related billings in excess of revenues on our long-term product service agreements. See Note 9.

(b) Reflected the effects of current tax expense (benefit) of $259 million and $(65) million and net cash paid during the year for income taxes of $(674) million and $(570) million for the three months ended March 31, 2017 and 2016, respectively. Cash flows effects of deferred tax provisions (benefits) are shown separately within cash flows from operating activities.

(c) Reflected the effects of interest expense of $564 million and $440 million and cash paid for interest of $(368) million and $(325) million for the three months ended March 31, 2017 and 2016, respectively.

(d) Reflected the effects of pension costs of $983 million and $903 million and employer contributions of $(54) million and $(50) million for the three months ended March 31, 2017 and 2016, respectively. See Note 11.

(e) Included $(2,000) million paid under ASR agreements in the three months ended March 31, 2016.

DERIVATIVES AND HEDGING

See Note 16 for 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.

2017 1Q FORM 10-Q 106

FAIR VALUE OF DERIVATIVES
	March 31, 2017				December 31, 2016
(in millions)		Assets		Liabilities		Assets		Liabilities
Derivatives accounted for as hedges
Interest rate contracts	$	2,818	$	161	$	3,106	$	210
Currency exchange contracts		108		360		402		624
Other contracts		-		-		-		-
		2,926		521		3,508		834
Derivatives not accounted for as hedges
Interest rate contracts		51		14		62		20
Currency exchange contracts		1,244		3,164		1,778		4,011
Other contracts		110		17		119		17
		1,406		3,195		1,958		4,048
Gross derivatives recognized in statement of
financial position
Gross derivatives		4,332		3,717		5,467		4,883
Gross accrued interest		330		(22)		768		(24)
		4,662		3,695		6,234		4,859
Amounts offset in statement of financial position
Netting adjustments(a)		(2,169)		(2,165)		(3,097)		(3,094)
Cash collateral(b)		(1,700)		(770)		(2,025)		(1,355)
		(3,869)		(2,935)		(5,121)		(4,449)
Net derivatives recognized in statement of
financial position
Net derivatives		793		760		1,113		410
Amounts not offset in statement of
financial position
Securities held as collateral(c)		(323)		-		(442)		-
Net amount	$	470	$	760	$	671	$	410

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 Statement of Financial Position.

(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 March 31, 2017 and December 31, 2016, the cumulative adjustment for non-performance risk was $(3) million and $(3) million, respectively.

(b)            Excluded excess cash collateral received and posted of $151 million and $317 million at March 31, 2017, respectively, and $6 million and $177 million at December 31, 2016, respectively.

(c)            Excluded excess securities collateral received of $35 million and zero at March 31, 2017 and December 31, 2016, respectively.

2017 1Q FORM 10-Q 107

CASH FLOW HEDGE ACTIVITY
					Gain (loss) reclassified
	Gain (loss) recognized in AOCI				from AOCI into earnings
	for the three months ended March 31				for the three months ended March 31
(In millions)	2017		2016		2017		2016
Interest rate contracts	$	(2)	$	19	$	(9)	$	(30)
Currency exchange contracts		22		(77)		8		(53)
Commodity contracts		2		1		-		(2)
Total(a)	$	22	$	(57)	$	(1)	$	(84)

(a) Gain (loss) is recorded in "GE Capital revenues from services", "Interest and other financial charges", and "Other costs and expenses" in our Statement of Earnings when reclassified.

The total pre-tax amount in AOCI related to cash flow hedges of forecasted transactions was a $66 million gain at March 31, 2017. We expect to transfer $40 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 three months ended 2017 and 2016, 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 March 31, 2017 and 2016, the maximum term of derivative instruments that hedge forecasted transactions was 16 years and 17 years, respectively. See Note 13 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 receivables due from the counterparties, measured at current market value, exceeds specified limits. The fair value of such collateral was $2,024 million at March 31, 2017, of which $1,700 million was cash and $323 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 $770 million at March 31, 2017. At March 31, 2017, our exposure to counterparties (including accrued interest), net of collateral we hold, was $331 million. This excludes exposures 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 $714 million at March 31, 2017. This excludes exposure related to embedded derivatives.

2017 1Q FORM 10-Q 108

EXHIBITS

Exhibit 2(a)	Amendment to Transaction Agreement and Plan of Merger dated March 27, 2017 between General Electric Company, Baker Hughes Incorporated, Bear Newco, Inc., Bear MergerSub, Inc., BHI Newco, Inc., and Bear MergerSub 2, Inc. (Incorporated by reference to Bear Newco, Inc.'s Registration Statement on Form S-4, pages A-II-I through G-16 (Commission file number 333-216991)). https://www.sec.gov/Archives/edgar/data/1701605/000119312517100176/d535234ds4.htm
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 March 31, 2017, formatted in XBRL (eXtensible Business Reporting Language); (i) Statement of Earnings (Loss) for the three months ended March 31, 2017 and 2016, (ii) Consolidated Statement of Comprehensive Income (Loss) for the three months ended March 31, 2017 and 2016, (iii) Consolidated Statement of Changes in Shareowners' Equity for the three months ended March 31, 2017 and 2016, (iv) Statement of Financial Position at March 31, 2017 and December 31, 2016, (v) Statement of Cash Flows for the three months ended March 31, 2017 and 2016, 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 14 to the Consolidated Financial Statements in this Report.

2017 1Q FORM 10-Q 109

FORM 10-Q CROSS REFERENCE INDEX

Item Number		Page(s)
Part I – FINANCIAL INFORMATION
Item 1.	Financial Statements	59-108
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations	4-54
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	Not applicable(a)
Item 4.	Controls and Procedures	55
Part II – OTHER INFORMATION
Item 1.	Legal Proceedings	57-58
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	109
Signatures		111

(a) There have been no significant changes to our market risk since December 31, 2016. For a discussion of our exposure to market risk, refer to our Annual Report on Form 10-K for the year ended December 31, 2016.

(b) There have been no significant changes to our risk factors since December 31, 2016. For a discussion of our risk factors, refer to our Annual Report on Form 10-K for the year ended December 31, 2016.

2017 1Q FORM 10-Q 110

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)
May 5, 2017	/s/ Jan R. Hauser
Date	Jan R. Hauser Vice President and Controller Duly Authorized Officer and Principal Accounting Officer

2017 1Q FORM 10-Q 111

EX-12.A

Exhibit 12(a)
General Electric Company
Computation of Ratio of Earnings to Fixed Charges
Three months ended March 31, 2017
(Unaudited)
(Dollars in millions)
General Electric Company and consolidated affiliates
Earnings(a)	$	768
Plus:
Interest and other financial charges included in expense(b)		1,139
One-third of rental expense(c)		126
Adjusted "earnings"	$	2,033
Fixed charges:
Interest and other financial charges included in expense(b)	$	1,139
Interest capitalized		9
One-third of rental expense(c)		126
Total fixed charges	$	1,274
Ratio of earnings to fixed charges		1.60

(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
Three months ended March 31, 2017
(Unaudited)
(Dollars in millions)
General Electric Company and consolidated affiliates
Earnings(a)	$	768
Plus:
Interest and other financial charges included in expense(b)		1,139
One-third of rental expense(c)		126
Adjusted "earnings"	$	2,033
Fixed charges:
Interest and other financial charges included in expense(b)	$	1,139
Interest capitalized		9
One-third of rental expense(c)		126
Total fixed charges	$	1,274
Ratio of earnings to fixed charges		1.60
Preferred stock dividend requirements	$	34
Ratio of earnings before provision for
income taxes to earnings from
continuing operations		1.02
Preferred stock dividend factor on pre-tax basis	$	35
Fixed charges		1,274
Total fixed charges and preferred stock
dividend requirements	$	1,309
Ratio of earnings to combined fixed
charges and preferred stock dividends		1.55

(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: May 5, 2017

/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: May 5, 2017

/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 March 31, 2017, 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.

May 5, 2017

/s/ Jeffrey R. Immelt

Jeffrey R. Immelt

Chief Executive Officer

/s/ Jeffrey S. Bornstein

Jeffrey S. Bornstein

Chief Financial Officer

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Document and Entity Information $ / shares in Units, $ in Billions	3 Months Ended
	Mar. 31, 2017 USD ($) $ / shares shares
Document and Entity Information [Abstract]
Document Type	10-Q
Document Period End Date	Mar. 31, 2017
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	8,683,963,000
Common stock, par value per share | $ / shares	$ 0.06
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2017
Entity Public Float | $	$ 265.6
Entity Well-known Seasoned Issuer	Yes
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No

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Statement of Earnings - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Revenues and other income
Sales of goods	$ 16,812	$ 17,208
Sales of services	8,416	8,106
Other income	168	9
GE Capital earnings (loss) from continuing operations	0	0
GE Capital revenues from services	2,264	2,522
Total revenues and other income	27,660	27,845
Costs and expenses
Cost of goods sold	14,490	14,588
Cost of services sold	5,869	5,773
Selling, general and administrative expenses	4,506	4,608
Interest and other financial charges	1,139	1,736
Investment contracts, insurance losses and insurance annuity benefits	634	642
Other costs and expenses	190	259
Total costs and expenses	26,829	27,606
Earnings (loss) from continuing operations before income taxes	832	238
OCI reclass tax	(16)	177
Earnings (loss) from continuing operations	816	415
Earnings (loss) from discontinued operations, net of taxes (Note 2)	(239)	308
Net earnings (loss)	577	107
Less net earnings (loss) attributable to noncontrolling interests	(76)	(121)
Net earnings (loss) attributable to the Company	653	228
Preferred stock dividends	(34)	(289)
Net earnings (loss) attributable to GE common shareowners	619	(61)
Amounts attributable to GE common shareowners
Earnings (loss) from continuing operations	816	415
Less net earnings (loss) from continuing operations, attributable to noncontrolling interests	(76)	(122)
Earnings (loss) from continuing operations attributable to the Company	892	537
Preferred stock dividends	(34)	(289)
Net earnings (loss) from continuing operations attributable to GE common shareowners	858	248
Earnings (loss) from discontinued operations, net of taxes	(239)	(308)
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations	0	0
Net earnings (loss) attributable to GE common shareowners	$ 619	$ (61)
Earnings From Continuing Operations Per Share
Diluted earnings (loss) per share	$ 0.1	$ 0.03
Basic earnings (loss) per share	0.1	0.03
Net earnings
Diluted earnings (loss) per share	0.07	(0.01)
Basic earnings (loss) per share	0.07	(0.01)
Dividends declared per common share	$ 0.24	$ 0.23
GE
Revenues and other income
Sales of goods	$ 16,838	$ 17,213
Sales of services	8,554	8,194
Other income	137	92
GE Capital earnings (loss) from continuing operations	(47)	(892)
GE Capital revenues from services	0	0
Total revenues and other income	25,481	24,607
Costs and expenses
Cost of goods sold	14,522	14,597
Cost of services sold	5,452	5,293
Selling, general and administrative expenses	4,020	3,982
Interest and other financial charges	564	440
Investment contracts, insurance losses and insurance annuity benefits	0	0
Other costs and expenses	0	0
Total costs and expenses	24,558	24,313
Earnings (loss) from continuing operations before income taxes	923	294
OCI reclass tax	(143)	(164)
Earnings (loss) from continuing operations	780	130
Earnings (loss) from discontinued operations, net of taxes (Note 2)	(239)	(309)
Net earnings (loss)	541	(178)
Less net earnings (loss) attributable to noncontrolling interests	(78)	(117)
Net earnings (loss) attributable to the Company	619	(61)
Preferred stock dividends	0	0
Net earnings (loss) attributable to GE common shareowners	619	(61)
Amounts attributable to GE common shareowners
Earnings (loss) from continuing operations	780	130
Less net earnings (loss) from continuing operations, attributable to noncontrolling interests	(78)	(117)
Earnings (loss) from continuing operations attributable to the Company	858	248
Preferred stock dividends	0	0
Net earnings (loss) from continuing operations attributable to GE common shareowners	858	248
Earnings (loss) from discontinued operations, net of taxes	(239)	(309)
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations	0	0
Net earnings (loss) attributable to GE common shareowners	619	(61)
GE Capital
Revenues and other income
Sales of goods	29	25
Sales of services	0	0
Other income	0	0
GE Capital earnings (loss) from continuing operations	0	0
GE Capital revenues from services	2,652	2,860
Total revenues and other income	2,681	2,885
Costs and expenses
Cost of goods sold	23	20
Cost of services sold	562	568
Selling, general and administrative expenses	574	874
Interest and other financial charges	812	1,430
Investment contracts, insurance losses and insurance annuity benefits	636	671
Other costs and expenses	214	268
Total costs and expenses	2,820	3,833
Earnings (loss) from continuing operations before income taxes	(139)	(948)
OCI reclass tax	128	341
Earnings (loss) from continuing operations	(11)	(608)
Earnings (loss) from discontinued operations, net of taxes (Note 2)	(242)	(308)
Net earnings (loss)	(253)	(916)
Less net earnings (loss) attributable to noncontrolling interests	2	(4)
Net earnings (loss) attributable to the Company	(256)	(912)
Preferred stock dividends	(34)	(289)
Net earnings (loss) attributable to GE common shareowners	(290)	(1,201)
Amounts attributable to GE common shareowners
Earnings (loss) from continuing operations	(11)	(608)
Less net earnings (loss) from continuing operations, attributable to noncontrolling interests	2	(4)
Earnings (loss) from continuing operations attributable to the Company	(13)	(603)
Preferred stock dividends	(34)	(289)
Net earnings (loss) from continuing operations attributable to GE common shareowners	(47)	(892)
Earnings (loss) from discontinued operations, net of taxes	(242)	(308)
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations	0	0
Net earnings (loss) attributable to GE common shareowners	$ (290)	$ (1,201)

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Consolidated Statement of Comprehensive Income (Loss) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Statement of Comprehensive Income [Abstract]
Net earnings (loss)	$ 577	$ 107
Less net earnings (loss) attributable to noncontrolling interests	(76)	(121)
Net earnings (loss) attributable to the Company	653	228
Other comprehensive income (loss)
Investment securities	(52)	220
Currency translation adjustments	815	1
Cash flow hedges	20	55
Benefit plans	1,049	550
Other comprehensive income (loss)	1,833	826
Less Other comprehensive income (loss) attributable to noncontrolling interests	6	2
Other comprehensive income (loss) attributable to the Company	1,827	824
Comprehensive income (loss)	2,410	933
Less Comprehensive income (loss) attributable to noncontrolling interests	(70)	(119)
Comprehensive income (loss) attributable to the Company	$ 2,479	$ 1,052

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Consolidated Statement of Changes in Shareowners' Equity $ in Millions	USD ($)
Statement Of Stockholders Equity [Abstract]
Noncontrolling interests	$ 1,864
GE shareowners' equity opening balance at Dec. 31, 2015	98,274
Statement Of Stockholders Equity [Abstract]
Net earnings (loss) attributable to the Company	228
Dividends and other transactions with shareowners	(2,429)
Redemption value adjustment	(32)
Other comprehensive income (loss) attributable to GE	824
Net sales (purchases) of shares for treasury	(5,503)
Changes in other capital	(274)
Equity ending balance at Mar. 31, 2016	91,088
Statement Of Stockholders Equity [Abstract]
Noncontrolling interests	1,667
Total equity balance	92,755
Noncontrolling interests	1,663
Total equity balance	77,491
GE shareowners' equity opening balance at Dec. 31, 2016	75,828
Statement Of Stockholders Equity [Abstract]
Net earnings (loss) attributable to the Company	653
Dividends and other transactions with shareowners	(2,128)
Redemption value adjustment	(73)
Other comprehensive income (loss) attributable to GE	1,827
Net sales (purchases) of shares for treasury	(1,795)
Changes in other capital	224
Equity ending balance at Mar. 31, 2017	74,534
Statement Of Stockholders Equity [Abstract]
Noncontrolling interests	1,639
Total equity balance	$ 76,173

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Statement of Financial Position - USD ($) $ in Millions		Mar. 31, 2017	Dec. 31, 2016
Assets
Cash and equivalents		$ 41,564	$ 48,129
Investment securities (Note 3)		41,949	44,313
Current receivables (Note 4)		21,675	24,076
Inventories (Note 5)		22,701	22,354
Financing receivables - net (Note 6)		12,243	12,242
Other GE Capital receivables		5,804	5,944
Property, plant and equipment - net (Note 7)		49,016	50,518
Receivables from GE Capital (debt assumption)		0	0
Investment in GE Capital		0	0
Goodwill (Note 8)		70,313	70,438
Other intangible assets - net (Note 8)		16,515	16,436
Contract assets (Note 9)		27,382	25,162
All other assets		27,668	27,176
Deferred income taxes (Note 12)		953	1,833
Assets of businesses held for sale (Note 2)		4,076	1,745
Assets of discontinued operations (Note 2)		9,786	14,815
Total assets		351,643	365,183
Liabilities and equity
Short-term borrowings (Note 10)		28,324	30,714
Accounts payable, principally trade accounts		13,698	14,435
Progress collections and price adjustments accrued		16,583	16,760
Dividends payable		2,109	2,107
Other GE current liabilities		17,097	17,564
Non-recourse borrowings of consolidated securitization entities (Note 10)		668	417
Long-term borrowings (Note 10)		99,674	105,080
Investment contracts, insurance liabilities and insurance annuity benefits		26,301	26,086
Non-current compensation and benefits		43,035	43,780
All other liabilities		22,041	22,912
Liabilities of businesses held for sale (Note 2)		1,144	656
Liabilities of discontinued operations (Note 2)		1,741	4,158
Total liabilities		272,416	284,668
Redeemable noncontrolling interest (Note 13)		3,054	3,025
Preferred stock value (5,944,250 shares outstanding at March 31, 2017 and December 31, 2016)		6	6
Common stock (8,683,963,000 and 8,742,614,000 shares outstanding at March 31, 2017 and December 31, 2016, respectively)		702	702
Accumulated other comprehensive income (loss) - attributable to GE(b)
Investment securities		622	674
Currency translation adjustments		(6,004)	(6,816)
Cash flow hedges		32	12
Benefit plans		(11,421)	(12,469)
Other capital		37,448	37,224
Retained earnings		137,983	139,532
Less common stock held in treasury		(84,833)	(83,038)
Total GE shareowners' equity		74,534	75,828
Noncontrolling interests (Note 13)		1,639	1,663
Total equity (Note 13)		76,173	77,491
Total liabilities, redeemable noncontrolling interests and equity		351,643	365,183
GE
Assets
Cash and equivalents		7,875	10,525
Investment securities (Note 3)		200	137
Current receivables (Note 4)		12,646	12,715
Inventories (Note 5)		22,615	22,263
Financing receivables - net (Note 6)		0	0
Other GE Capital receivables		0	0
Property, plant and equipment - net (Note 7)		18,955	19,103
Receivables from GE Capital (debt assumption)		50,317	58,780
Investment in GE Capital		22,792	24,677
Goodwill (Note 8)		67,946	68,070
Other intangible assets - net (Note 8)		16,225	16,131
Contract assets (Note 9)		27,382	25,162
All other assets		12,049	12,007
Deferred income taxes (Note 12)		6,426	6,666
Assets of businesses held for sale (Note 2)		3,812	1,629
Assets of discontinued operations (Note 2)		0	9
Total assets		269,240	277,874
Liabilities and equity
Short-term borrowings (Note 10)	[1]	16,860	20,482
Accounts payable, principally trade accounts		19,766	20,876
Progress collections and price adjustments accrued		16,657	16,838
Dividends payable		2,109	2,107
Other GE current liabilities		17,097	17,564
Non-recourse borrowings of consolidated securitization entities (Note 10)		0	0
Long-term borrowings (Note 10)	[1]	57,142	58,810
Investment contracts, insurance liabilities and insurance annuity benefits		0	0
Non-current compensation and benefits		42,053	42,770
All other liabilities		17,446	17,506
Liabilities of businesses held for sale (Note 2)		1,144	656
Liabilities of discontinued operations (Note 2)		23	35
Total liabilities		190,298	197,644
Redeemable noncontrolling interest (Note 13)		3,054	3,025
Preferred stock value (5,944,250 shares outstanding at March 31, 2017 and December 31, 2016)		6	6
Common stock (8,683,963,000 and 8,742,614,000 shares outstanding at March 31, 2017 and December 31, 2016, respectively)		702	702
Accumulated other comprehensive income (loss) - attributable to GE(b)
Investment securities		622	674
Currency translation adjustments		(6,004)	(6,816)
Cash flow hedges		32	12
Benefit plans		(11,421)	(12,469)
Other capital		37,448	37,224
Retained earnings		137,983	139,532
Less common stock held in treasury		(84,833)	(83,038)
Total GE shareowners' equity		74,534	75,828
Noncontrolling interests (Note 13)		1,354	1,378
Total equity (Note 13)		75,888	77,205
Total liabilities, redeemable noncontrolling interests and equity		269,240	277,874
GE Capital
Assets
Cash and equivalents		33,689	37,604
Investment securities (Note 3)		41,754	44,180
Current receivables (Note 4)		0	0
Inventories (Note 5)		86	91
Financing receivables - net (Note 6)		23,853	26,041
Other GE Capital receivables		14,825	15,576
Property, plant and equipment - net (Note 7)		30,962	32,225
Receivables from GE Capital (debt assumption)		0	0
Investment in GE Capital		0	0
Goodwill (Note 8)		2,368	2,368
Other intangible assets - net (Note 8)		290	305
Contract assets (Note 9)		0	0
All other assets		15,202	14,608
Deferred income taxes (Note 12)		(5,473)	(4,833)
Assets of businesses held for sale (Note 2)		0	0
Assets of discontinued operations (Note 2)		9,786	14,806
Total assets		167,341	182,970
Liabilities and equity
Short-term borrowings (Note 10)	[1]	21,654	23,443
Accounts payable, principally trade accounts		2,047	1,605
Progress collections and price adjustments accrued		0	0
Dividends payable		0	0
Other GE current liabilities		0	0
Non-recourse borrowings of consolidated securitization entities (Note 10)		668	417
Long-term borrowings (Note 10)	[1]	83,824	93,443
Investment contracts, insurance liabilities and insurance annuity benefits		26,880	26,546
Non-current compensation and benefits		973	1,001
All other liabilities		6,500	7,430
Liabilities of businesses held for sale (Note 2)		0	0
Liabilities of discontinued operations (Note 2)		1,718	4,123
Total liabilities		144,264	158,008
Redeemable noncontrolling interest (Note 13)		0	0
Preferred stock value (5,944,250 shares outstanding at March 31, 2017 and December 31, 2016)		6	6
Common stock (8,683,963,000 and 8,742,614,000 shares outstanding at March 31, 2017 and December 31, 2016, respectively)		0	0
Accumulated other comprehensive income (loss) - attributable to GE(b)
Investment securities		577	656
Currency translation adjustments		(338)	(740)
Cash flow hedges		30	43
Benefit plans		(560)	(622)
Other capital		12,703	12,669
Retained earnings		10,375	12,664
Less common stock held in treasury		0	0
Total GE shareowners' equity		22,792	24,677
Noncontrolling interests (Note 13)		285	285
Total equity (Note 13)		23,077	24,962
Total liabilities, redeemable noncontrolling interests and equity		$ 167,341	$ 182,970

[1] In 2015, senior unsecured notes and commercial paper were assumed by GE upon its merger with GE Capital , resulting in an intercompany receivable and payable between GE and GE Capital. See Note 10.

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Statement of Financial Position (Parenthetical) - Intercompany Payable To GE - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Mar. 31, 2017
Debt Disclosure [Abstract]
Changes in total of short-term borrowings and long-term borrowings	$ 0
GE Capital
Debt Disclosure [Abstract]
Short-term intercompany payable to GE	1,329	$ 0
Long-term intercompany payable to GE	$ 0	$ 4,075

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Statement of Cash Flows - USD ($) $ in Millions		3 Months Ended		12 Months Ended
		Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Cash flows - operating activities
Net earnings (loss)		$ 577	$ 107
Less net earnings (loss) attributable to noncontrolling interests		(76)	(121)
Net earnings (loss) attributable to the Company		653	228
(Earnings) loss from discontinued operations		239	308
Adjustments to reconcile net earnings attributable to the Company to cash provided from operating activities
Depreciation and amortization of property, plant and equipment		1,193	1,210
Earnings from continuing operations retained by GE Capital		0	0
Deferred income taxes		(29)	(158)
Decrease (increase) in GE current receivables		2,356	1,013
Decrease (increase) in inventories		(818)	(1,491)
Increase (decrease) in accounts payable		(292)	258
Increase (decrease) in GE progress collections		(276)	632
All other operating activities		(2,060)	(103)
Cash from (used for) operating activities - continuing operations		967	1,897
Cash from (used for) operating activities - discontinued operations		(658)	(1,252)
Cash from (used for) operating activities		309	644
Cash flows - investing activities
Additions to property, plant and equipment		(1,470)	(1,556)
Dispositions of property, plant and equipment		812	316
Net decrease (increase) in GE Capital financing receivables		306	(11)
Proceeds from sale of discontinued operations		789	36,478
Proceeds from principal business dispositions		81	39
Net cash from (payments for) principal businesses purchased		(967)	0
All other investing activities		4,970	(10,593)
Cash from (used for) investing activities - continuing operations		4,520	24,672
Cash from (used for) investing activities - discontinued operations		(1,871)	7,112
Cash from (used for) investing activities		2,649	31,783
Cash flows - financing activities
Net increase (decrease) in borrowings (maturities of 90 days or less)		777	983
Newly issued debt (maturities longer than 90 days)		326	459
Repayments and other debt reductions (maturities longer than 90 days)		(8,666)	(14,381)
Net dispositions (purchases) of GE shares for treasury		(1,578)	(6,326)
Dividends paid to shareowners		(2,084)	(2,234)
All other financing activities		(959)	(508)
Cash from (used for) financing activities - continuing operations		(12,185)	(22,007)
Cash from (used for) financing activities - discontinued operations		1,907	(112)
Cash from (used for) financing activities		(10,278)	(22,119)
Effect of currency exchange rate changes on cash and equivalents		133	31
Increase (decrease) in cash and equivalents		(7,187)	10,340
Cash and equivalents at beginning of year		49,558	90,878	$ 90,878
Cash and equivalents at March 31		42,372	101,217	49,558
Less cash and equivalents of discontinued operations at March 31		808	26,143
Cash and equivalents of continuing operations at March 31		41,564	75,075
GE
Cash flows - operating activities
Net earnings (loss)		541	(178)
Less net earnings (loss) attributable to noncontrolling interests		(78)	(117)
Net earnings (loss) attributable to the Company		619	(61)
(Earnings) loss from discontinued operations		239	309
Adjustments to reconcile net earnings attributable to the Company to cash provided from operating activities
Depreciation and amortization of property, plant and equipment		589	626
Earnings from continuing operations retained by GE Capital	[1]	2,047	8,393
Deferred income taxes		(116)	229
Decrease (increase) in GE current receivables		157	(39)
Decrease (increase) in inventories		(822)	(1,486)
Increase (decrease) in accounts payable		(394)	(200)
Increase (decrease) in GE progress collections		(280)	632
All other operating activities		(1,669)	(502)
Cash from (used for) operating activities - continuing operations		370	7,902
Cash from (used for) operating activities - discontinued operations		0	0
Cash from (used for) operating activities		369	7,901
Cash flows - investing activities
Additions to property, plant and equipment		(992)	(1,041)
Dispositions of property, plant and equipment		355	257
Net decrease (increase) in GE Capital financing receivables		0	0
Proceeds from sale of discontinued operations		0	0
Proceeds from principal business dispositions		81	39
Net cash from (payments for) principal businesses purchased		(967)	0
All other investing activities		(309)	(614)
Cash from (used for) investing activities - continuing operations		(1,832)	(1,360)
Cash from (used for) investing activities - discontinued operations		0	0
Cash from (used for) investing activities		(1,832)	(1,359)
Cash flows - financing activities
Net increase (decrease) in borrowings (maturities of 90 days or less)		(86)	1,289
Newly issued debt (maturities longer than 90 days)		4,118	76
Repayments and other debt reductions (maturities longer than 90 days)		(1,411)	(150)
Net dispositions (purchases) of GE shares for treasury		(1,578)	(6,326)
Dividends paid to shareowners		(2,084)	(2,170)
All other financing activities		(217)	(228)
Cash from (used for) financing activities - continuing operations		(1,259)	(7,508)
Cash from (used for) financing activities - discontinued operations		0	0
Cash from (used for) financing activities		(1,259)	(7,508)
Effect of currency exchange rate changes on cash and equivalents		71	(108)
Increase (decrease) in cash and equivalents		(2,650)	(1,075)
Cash and equivalents at beginning of year		10,525	10,372	10,372
Cash and equivalents at March 31		7,875	9,297	10,525
Less cash and equivalents of discontinued operations at March 31		0	0
Cash and equivalents of continuing operations at March 31		7,875	9,297
GE Capital
Cash flows - operating activities
Net earnings (loss)		(253)	(916)
Less net earnings (loss) attributable to noncontrolling interests		2	(4)
Net earnings (loss) attributable to the Company		(256)	(912)
(Earnings) loss from discontinued operations		242	308
Adjustments to reconcile net earnings attributable to the Company to cash provided from operating activities
Depreciation and amortization of property, plant and equipment		595	602
Earnings from continuing operations retained by GE Capital	[1]	0	0
Deferred income taxes		87	(387)
Decrease (increase) in GE current receivables		0	0
Decrease (increase) in inventories		5	7
Increase (decrease) in accounts payable		8	207
Increase (decrease) in GE progress collections		0	0
All other operating activities		(562)	(176)
Cash from (used for) operating activities - continuing operations		119	(351)
Cash from (used for) operating activities - discontinued operations		(658)	(1,252)
Cash from (used for) operating activities		(538)	(1,603)
Cash flows - investing activities
Additions to property, plant and equipment		(688)	(647)
Dispositions of property, plant and equipment		619	170
Net decrease (increase) in GE Capital financing receivables		2,967	1,466
Proceeds from sale of discontinued operations		789	36,478
Proceeds from principal business dispositions		0	0
Net cash from (payments for) principal businesses purchased		0	0
All other investing activities		3,124	(9,592)
Cash from (used for) investing activities - continuing operations		6,811	27,875
Cash from (used for) investing activities - discontinued operations		(1,871)	7,111
Cash from (used for) investing activities		4,940	34,987
Cash flows - financing activities
Net increase (decrease) in borrowings (maturities of 90 days or less)		132	(169)
Newly issued debt (maturities longer than 90 days)		292	384
Repayments and other debt reductions (maturities longer than 90 days)		(8,594)	(14,231)
Net dispositions (purchases) of GE shares for treasury		0	0
Dividends paid to shareowners		(2,000)	(7,565)
All other financing activities		(737)	(415)
Cash from (used for) financing activities - continuing operations		(10,907)	(21,996)
Cash from (used for) financing activities - discontinued operations		1,907	(112)
Cash from (used for) financing activities		(8,999)	(22,108)
Effect of currency exchange rate changes on cash and equivalents		61	139
Increase (decrease) in cash and equivalents		(4,536)	11,415
Cash and equivalents at beginning of year		39,033	80,506	80,506
Cash and equivalents at March 31		34,497	91,921	$ 39,033
Less cash and equivalents of discontinued operations at March 31		808	26,143
Cash and equivalents of continuing operations at March 31		$ 33,689	$ 65,778

[1] 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

3 Months Ended

Mar. 31, 2017

Accounting Policies [Abstract]

Summary Of Significant Accounting Policies

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

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Businesses Held For Sale and Discontinued Operations

3 Months Ended

Mar. 31, 2017

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

In the first quarter of 2017, we classified our Industrial Solutions business within our Energy Connections & Lighting segment with assets of $2,160 million and liabilities of $510 million, as held for sale. We expect to complete the sale of the business within the next twelve months.

In the fourth quarter of 2016, we classified our Water business within our Power segment with assets of $1,651 million and liabilities of $634 million, as held for sale. In March 2017, we signed an agreement with Suez Environnement S.A. (Suez) to sell the business for $3,415 million. The deal is expected to close mid- 2017, subject to customary closing conditions and regulatory approval.

FINANCIAL INFORMATION FOR ASSETS AND LIABILITIES OF BUSINESSES HELD FOR SALE
(In millions)	March 31, 2017		December 31, 2016
Assets
Current receivables(a)	$	687	$	366
Inventories		576		211
Property, plant, and equipment – net		1,002		632
Goodwill		1,290		212
Other intangible assets – net		238		123
Contract assets		192		125
Other		91		76
Assets of businesses held for sale	$	4,076	$	1,745
Liabilities
Accounts payable	$	367	$	190
Progress collections and price adjustments accrued		167		141
Other current liabilities		226		133
Non-current compensation and benefits		221		82
Other		164		110
Liabilities of businesses held for sale	$	1,144	$	656

(a) Included transactions in our industrial businesses that were made on an arms-length basis with GE Capital, consisting of GE customer receivables sold to GE Capital of $264 million and $117 million at March 31, 2017 and December 31, 2016, respectively. 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 includes 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 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.

FINANCIAL INFORMATION FOR DISCONTINUED OPERATIONS
	Three months ended March 31
(In millions)		2017		2016
Operations
Total revenues and other income	$	79	$	1,292
Earnings (loss) from discontinued operations before income taxes	$	(196)	$	80
Benefit (provision) for income taxes(a)		62		12
Earnings (loss) from discontinued operations, net of taxes	$	(134)	$	92
Disposals
Gain (loss) on disposals before income taxes	$	(27)	$	(246)
Benefit (provision) for income taxes(a)		(78)		(155)
Gain (loss) on disposals, net of taxes	$	(105)	$	(400)
Earnings (loss) from discontinued operations, net of taxes(b)(c)	$	(239)	$	(308)

(a) GE Capital’s total tax benefit (provision) for discontinued operations and disposals included current tax benefit (provision) of $(576)million and $(834) million for the three months ended March 31, 2017 and2016, respectively, including current U.S. Federal tax benefit (provision) of $(587) million and $(501) million for the three months ended March 31, 2017 and 2016, respectively, and deferred tax benefit (provision) of $560 million and $691 million for the three months ended March 31, 2017 and 2016, respectively.

(b) 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).

(c) Earnings (loss) from discontinued operations attributable to the Company, before income taxes, was $(223) million and $(166) million for the three months ended March 31, 2017 and 2016, respectively

(In millions)	March 31, 2017		December 31, 2016
Assets
Cash and equivalents	$	808	$	1,429
Investment securities		2,105		2,626
Deferred income taxes		988		487
Financing receivables held for sale		4,281		8,547
Valuation allowance on disposal group classified as discontinued operations		(79)		(726)
Other assets		1,682		2,453
Assets of discontinued operations	$	9,786	$	14,815
Liabilities
Accounts payable	$	122	$	164
Borrowings		-		2,076
Other liabilities		1,619		1,918
Liabilities of discontinued operations	$	1,741	$	4,158

ROLLFORWARD OF THE RESERVE
	Three months ended March 31
(In millions)		2017		2016
Balance, beginning of period	$	626	$	875
Provision		-		57
Claim resolutions / rescissions		-		(99)
Balance, end of period	$	626	$	833

FINANCIAL INFORMATION FOR WMC
		Three months ended March 31
(In millions)		2017		2016
Total revenues and other income (loss)	$	13	$	(39)
Earnings (loss) from discontinued operations, net of taxes	$	(1)	$	(32)

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Investment Securities

3 Months Ended

Mar. 31, 2017

Investments, Debt and Equity Securities [Abstract]

Investment Securities

NOTE 3. INVESTMENT SECURITIES

Substantially all of our investment securities are classified as available-for-sale and 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.

	March 31, 2017								December 31, 2016
			Gross		Gross						Gross		Gross
	Amortized		unrealized		unrealized		Estimated		Amortized		unrealized		unrealized		Estimated
(In millions)	cost		gains		losses		fair value (a)		cost		gains		losses		fair value (a)
Debt
U.S. corporate		20,197		3,165		(84)		23,279		20,049		3,081		(85)		23,046
Non-U.S. corporate		9,468		89		(22)		9,535		11,917		98		(27)		11,987
State and municipal		3,921		432		(80)		4,274		3,916		412		(92)		4,236
Mortgage and asset-backed		2,723		102		(28)		2,797		2,787		111		(37)		2,861
Government and agencies		1,744		86		(27)		1,803		1,842		160		(26)		1,976
Equity		167		95		(1)		262		154		55		(1)		208
Total		38,220		3,971		(242)		41,949		40,665		3,917		(269)		44,313

Includes $200 million and $137 million of investment securities held by GE at March 31, 2017 and December 31, 2016, respectively, of which $145 million and $86 million are equity securities.

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		losses		fair value		losses
March 31, 2017
Debt
U.S. corporate	$	1,586	$	(57)	$	337	$	(26)
Non-U.S. corporate		5,020		(21)		14		(1)
State and municipal		480		(21)		161		(59)
Mortgage and asset-backed		830		(20)		92		(8)
Government and agencies		553		(27)		-		-
Equity		3		(1)		-		-
Total	$	8,472	$	(148)	$	605	$	(95)
December 31, 2016
Debt
U.S. corporate	$	1,692	$	(55)	$	359	$	(30)
Non-U.S. corporate		5,352		(26)		14		(1)
State and municipal		674		(27)		158		(64)
Mortgage and asset-backed		822		(21)		132		(16)
Government and agencies		549		(26)		-		-
Equity		9		(1)		-		-
Total	$	9,098	$	(157)	$	663	$	(111)

Unrealized losses are not indicative of the amount of credit loss that would be recognized and at March 31, 2017 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 unrealized loss positions 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 2017 have not changed.

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	$	7,446	$	7,446
After one year through five years		5,029		5,215
After five years through ten years		5,134		5,556
After ten years		17,721		20,673

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

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. Gross realized gains on available-for-sale investment securities were $106 million and $6 million, and gross realized losses were $(2) million and $(29) million in the three months endedMarch 31, 2017 and 2016, respectively.

Proceeds from investment securities sales and early redemptions by issuers totaled $1,073 million and $243 million in the three months ended March 31, 2017 and 2016, respectively primarily from sales

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Current Receivables

3 Months Ended

Mar. 31, 2017

Current Receivables [Abstract]

Current Receivables

NOTE 4.CURRENT RECEIVABLES

	Consolidated(a)(b)				GE(c)
(In millions)	March 31, 2017		December 31, 2016		March 31, 2017		December 31, 2016
Current receivables		22,560		24,935		13,525		13,562
Allowance for losses		(886)		(858)		(879)		(847)
Total	$	21,675	$	24,076	$	12,646	$	12,715

• Included GE industrial customer receivables sold to a GE Capital affiliate and recorded onGE Capital’s balance sheet of $9,965 million and $12,304 million at March 31, 2017 and December 31, 2016, respectively. The consolidated total included a deferred purchase price receivable of $415 million and $483 million at March 31, 2017 and December 31, 2016, respectively, related to our Receivables Facility.
• In order to manage the credit exposure, the Company sells additional current receivables to third parties outside the Receivables Facility, substantially all of which are serviced by the Company. The outstanding balance of these current receivables was $2,131 million and $3,821 million at March 31, 2017 and December 31, 2016, respectively. Of these balances, $905 million and $2,504 million was sold by GE to GE Capital prior to the sale to third parties at March 31, 2017 and December 31, 2016, respectively. At March 31, 2017 and December 31, 2016, our maximum exposure to loss under the limited recourse arrangements is $96 million and $215 million, respectively.
• GE current receivables balances at March 31, 2017 and December 31, 2016, before allowance for losses, included $8,465 million and $8,927 million, respectively, from sales of goods and services to customers. The remainder of the balances primarily relates to supplier advances, revenue sharing programs and other non-income based tax receivables.

receivables FACIlITY

The Company has a $3,000million revolving Receivables Facility under which receivables are sold directly to third-party purchasers. The third-party purchasers have no recourse to other assets of the Company in the event of non-payment by the debtors. Where the purchasing entity is a bank multi-seller commercial paper conduit, assets transferred by other parties to that entity form a majority of the entity’s assets. Upon sale of the receivables, we receive proceeds of cash and a deferred purchase price (DPP). The DPP is an interest in specified assets of the purchasers (the receivables sold by GE Capital) that entitles GE Capital to the residual cash flows of those specified assets.

During the three months ended March 31, 2017, GE sold current receivables of $4,736million to GE Capital, which GE Capital sold immediately to third parties under the Receivables Facility. GE Capital continues to service the current receivables for the purchasers. The Company received total cash collections of $4,313million on previously sold current receivables owed to the purchasing entities. The purchasing entities reinvested $3,645 million of those collections to purchase newly originated current receivables from the Company and paid $224 million to reduce their DPP obligation to the Company.

At March 31, 2017, GE Capital, under the Receivables Facility, serviced $2,999million of transferred receivables that remain outstanding.

Given the short-term nature of the underlying receivables, discount rates and prepayments are not factors in determining the value of the DPP. Collections on the DPP are presented within Cash flows from operating activities in the consolidated column in the Statement of Cash Flows. As the performance of the transferred current receivables is similar to the performance of our other current receivables, delinquencies are not expected to be significant.

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Inventories

3 Months Ended

Mar. 31, 2017

Inventory, Net [Abstract]

Inventories

NOTE 5. INVENTORIES

(In millions)	March 31, 2017		December 31, 2016
Raw materials and work in process	$	13,256	$	12,636
Finished goods		8,548		8,798
Unbilled shipments		442		536
		22,245		21,971
Revaluation to LIFO		456		383
Total inventories	$	22,701	$	22,354

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GE Capital Financing Receivables and Allowance for Losses on Financing Receivables

3 Months Ended

Mar. 31, 2017

Financing Receivables And Allowance For Losses [Abstract]

Financing Receivables And Allowance For Losses On Financing Receivables

NOTE 6. GE Capital FINANCING RECEIVABLES AND ALLOWANCE FOR LOSSES ON FINANCING RECEIVABLES

FINANCING RECEIVABLES – NET
(In millions)	March 31, 2017		December 31, 2016
Loans, net of deferred income	$	18,882	$	21,101
Investment in financing leases, net of deferred income		5,032		4,998
		23,914		26,099
Allowance for losses		(61)		(58)
Financing receivables – net	$	23,853	$	26,041

We manage our financing receivables portfolio using delinquency and nonaccrual data as key performance indicators. At March 31, 2017, $790 million (3.3%), $341 million (1.4%) and $169 million (0.7%) of financing receivables were over 30 days past due, over 90 days past due and on nonaccrual, respectively. Of the $169million of nonaccrual financing receivables at March 31, 2017, the vast majority are secured by collateral and $25 million are currently paying in accordance with the contractual terms. At December 31, 2016, $811 million (3.1%), $407 million (1.6%) and $322 million (1.2%) 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 March 31, 2017 and December 31, 2016 was $212 million and $262 million, respectively. The method used to measure impairment for these loans is primarily based on collateral value. At March 31, 2017, troubled debt restructurings included in impaired loans were $172 million

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Property, Plant and Equipment

3 Months Ended

Mar. 31, 2017

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

NOTE 7. PROPERTY, PLANT AND EQUIPMENT

(In millions)	March 31, 2017		December 31, 2016
Original cost	$	84,140	$	85,875
Less accumulated depreciation and amortization		(35,124)		(35,356)
Property, plant and equipment – net	$	49,016	$	50,518

Consolidated depreciation and amortization was $1,193 million and $1,210million in the three months endedMarch 31, 2017 and 2016, respectively.

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Acquisitions, Goodwill and Other Intangibles Assets

3 Months Ended

Mar. 31, 2017

Acquisitions, Goodwill and Intangible Assets Disclosure [Abstract]

Acquisitions, Goodwill and Other Intangible Assets

NOTE 8. ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS

Acquisitions

On October 11, 2016, we announced a plan to acquire LM Wind Power, the Danish maker of rotor blades for approximately $1,700 million. The transaction closed on April 20, 2017.

In the first quarter of 2017, we acquired the remaining 96% of ServiceMax, a leader in cloud-based field service management solutions, for $866 million, net of cash acquired of approximately $91 million. Upon gaining control, we fair valued the business including our previously held 4% equity interest. The preliminary purchase price allocation resulted in goodwill of approximately $670 million and amortizable intangible assets of approximately $280 million. The allocation of the purchase price will be finalized upon completion of post-closing procedures.

On October 31, 2016, we announced an agreement with Baker Hughes Incorporated (Baker Hughes) to combine GE’s Oil & Gas business and Baker Hughes to create a new company. The transaction will be executed using a partnership structure, pursuant to which GE Oil & Gas and Baker Hughes will each contribute their operating assets to a newly formed partnership. GE will have a 62.5% interest in this partnership and existing Baker Hughes shareholders will have a 37.5% interest through a newly NYSE listed corporation. Baker Hughes shareholders will also receive a special one-time cash dividend of $17.50 per share at closing. GE will contribute $7.4 billon to the new partnership to fund the cash dividend to existing Baker Hughes shareholders. The transaction is subject to the approval of Baker Hughes shareholders, regulatory approvals and other customary closing conditions. The deal is expected to close mid-2017.

On May 10, 2016, we announced the pending acquisition of the heat recovery steam generator (HRSG) business from Doosan Engineering & Construction (Doosan) for $250 million. On August 16, 2016, we acquired 80% of the HRSG business for approximately $220 million. The remaining 20% of the HRSG business continues to be subject to local regulatory requirements and we expect a staggered close beginning in the second quarter of 2017 and completed by the end of 2017. The preliminary purchase price allocation resulted in goodwill of approximately $170 million and amortizable intangible assets of approximately $35 million. The allocation of the purchase price will be finalized upon completion of post-closing procedures.

GOODWILL

CHANGES IN GOODWILL BALANCES
					Dispositions,
					currency
	Balance at				exchange		Balance at
(In millions)	January 1, 2017		Acquisitions		and other		March 31, 2017
Power	$	19,816	$	(6)	$	(14)	$	19,796
Renewable Energy		2,507		-		63		2,571
Oil & Gas		10,363		-		6		10,369
Aviation		9,455		10		114		9,578
Healthcare		17,424		37		(4)		17,457
Transportation		899		-		7		906
Energy Connections & Lighting		6,868		-		(1,046)		5,822
Capital		2,368		-		-		2,368
Corporate		739		689		19		1,446
Total	$	70,438	$	731	$	(856)	$	70,313

Goodwill balances decreased by $125 million in 2017, primarily as a result of the reclassification of goodwill associated with Industrial Solutions to assets of businesses held for sale, partially offset by the acquisition of ServiceMax and the currency exchange effects of a weaker U.S. dollar against other major currencies.

OTHER INTANGIBLE ASSETS

OTHER INTANGIBLE ASSETS - NET
(In millions)	March 31, 2017		December 31, 2016
Intangible assets subject to amortization	$	16,417	$	16,336
Indefinite-lived intangible assets(a)		98		100
Total	$	16,515	$	16,436

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

INTANGIBLE ASSETS SUBJECT TO AMORTIZATION
	March 31, 2017						December 31, 2016
	Gross						Gross
	carrying		Accumulated				carrying		Accumulated
(In millions)	amount		amortization		Net		amount		amortization		Net
Customer-related	$	9,238	$	(2,533)	$	6,706	$	9,172	$	(2,408)	$	6,764
Patents and technology		8,965		(3,383)		5,582		8,693		(3,325)		5,368
Capitalized software		7,654		(4,601)		3,053		7,652		(4,538)		3,114
Trademarks		1,175		(333)		842		1,165		(307)		858
Lease valuations		143		(64)		79		143		(59)		84
Present value of future profits(a)		693		(693)		-		684		(684)		-
All other		277		(123)		154		273		(124)		149
Total	$	28,145	$	(11,729)	$	16,417	$	27,781	$	(11,444)	$	16,336

(a) Balances at March 31, 2017 and December 31, 2016 reflect adjustments of $234 million and $241 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 net gains actually been realized.

Intangible assets subject to amortization increased by $81 million in the three months endedMarch 31, 2017, primarily as a result of the acquisition of ServiceMax, partially offset by amortization.

GE amortization expense related to intangible assets subject to amortization was $404 million and $445 million in the three months endedMarch 31, 2017 and 2016, respectively. GE Capital amortization expense related to intangible assets subject to amortization was $20 million and $33 million in the three months ended March 31, 2017 and 2016, respectively.

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Contract Assets

3 Months Ended

Mar. 31, 2017

Other Assets [Abstract]

Contract Assets

NOTE 9. CONTRACT ASSETS

(In millions)		March 31, 2017		December 31, 2016
GE
Revenue in excess of billings
Long-term product service agreements(a)	$	14,194	$	12,752
Long-term equipment contract revenue(b)		6,190		5,859
Total revenue in excess of billings		20,384		18,611
Deferred inventory costs(c)		3,709		3,349
Non-recurring engineering costs(d)		2,253		2,185
Other		1,036		1,018
Contract assets	$	27,382	$	25,162

(a)Long-term product service agreement balances are presented net of related billings in excess of revenues of $3,171 million and $3,750 million at March 31, 2017 and December 31, 2016, respectively.

(b) Reflects revenues earned in excess of billings on our long-term contracts to construct technically complex equipment (such as gas power systems).

(c) Represents cost deferral for shipped goods (such as components for wind turbine assembly within our Renewable Energy segment) and other costs for which the criteria for revenue recognition has not yet been met.

(d) Included costs incurred prior to production (e.g., requisition engineering) for long-term equipment production contracts, primarily within our Aviation segment, which are allocated ratably to each unit produced.

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Borrowings

3 Months Ended

Mar. 31, 2017

Debt Disclosure [Abstract]

Borrowings

NOTE 10. BORROWINGS

(In millions)	March 31, 2017		December 31, 2016
Short-term borrowings
GE
Commercial paper	$	2,000	$	1,500
Current portion of long-term borrowings		13,229		17,109
Other		1,631		1,874
Total GE short-term borrowings(a)		16,860		20,482
GE Capital
U.S. Commercial paper		5,017		5,002
Current portion of long-term borrowings(b)		7,186		6,517
Intercompany payable to GE(c)		9,110		11,696
Other		340		229
Total GE Capital short-term borrowings		21,654		23,443
Eliminations (c)		(10,190)		(13,212)
Total short-term borrowings	$	28,324	$	30,714
Long-term borrowings
GE
Senior notes	$	52,649	$	54,396
Subordinated notes		2,767		2,768
Subordinated debentures(e)		723		719
Other		1,002		928
Total GE long-term borrowings(a)		57,142		58,810
GE Capital
Senior notes		40,940		44,131
Subordinated notes		225		236
Intercompany payable to GE(d)		41,207		47,084
Other(b)		1,451		1,992
Total GE Capital long-term borrowings		83,824		93,443
Eliminations (d)		(41,292)		(47,173)
Total long-term borrowings	$	99,674	$	105,080
Non-recourse borrowings of consolidated securitization entities(f)	$	668	$	417
Total borrowings	$	128,667	$	136,210

• Excluding assumed debt of GE Capital, the total amount of GE borrowings was $23,685 million and $20,512 million at March 31, 2017 and December 31, 2016, respectively.
• Included $1,891million and $2,665million of funding secured by aircraft and other collateral at March 31, 2017 and December 31, 2016, respectively, of which $682million and $1,419million is non-recourse to GE Capital at March 31, 2017 and December 31, 2016, respectively.
• Included a reduction of zero and $1,329 million for short-term intercompany loans from GE Capital to GE at March 31, 2017 and December 31, 2016, respectively, which bear the right of offset against amounts owed under the assumed debt agreement.  Excluding intercompany loans, total short-term assumed debt was $9,110 million and $13,024 million at March 31, 2017 and December 31, 2016, respectively. The remaining short-term loan balance was paid in January 2017. 
• Included a reduction of $4,075 million and zero for long-term intercompany loans from GE Capital to GE at March 31, 2017 and December 31, 2016, respectively, which bear the right of offset against amounts owed under the assumed debt agreement. Excluding intercompany loans, total long-term assumed debt was $45,282 million and $47,084 million at March 31, 2017 and December 31, 2016, respectively. The $4,075 million of intercompany loans collectively have a weighted average interest rate of 3.6% and term of approximately 15 years.
• Comprises 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 $521 million and $320 million of current portion of long-term borrowings at March 31, 2017 and December 31, 2016, respectively. See Note 17.

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. $92,537 million 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 March 31, 2017, the Guarantee applies to $45,315 million of GE Capital debt.

See Notes 16 and 21 for additional information about borrowings and associated swaps.

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Postretirement Benefit Plans

3 Months Ended

Mar. 31, 2017

Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]

Postretirement Benefit Plans

NOTE 11. 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 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 March 31
(In millions)		2017			2016
Service cost for benefits earned	$	289		$	315
Prior service cost amortization		73			76
Expected return on plan assets		(849)			(834)
Interest cost on benefit obligations		717			734
Net actuarial loss amortization		710			612
Curtailment loss		43	(a)		-
Pension plans cost	$	983		$	903

(a) Curtailment loss resulting from our intent to sell the Industrial Solutions business.

	Other pension plans
	Three months ended March 31
(In millions)		2017		2016
Service cost for benefits earned	$	151	$	113
Prior service credit amortization		(1)		(1)
Expected return on plan assets		(294)		(263)
Interest cost on benefit obligations		142		172
Net actuarial loss amortization		103		64
Pension plans cost	$	101	$	85

EFFECT ON OPERATIONS OF PRINCIPAL RETIREE BENEFIT PLANS
	Principal retiree benefit plans
	Three months ended March 31
(In millions)	2017			2016
Service cost for benefits earned	$	26		$	25
Prior service credit amortization		(43)			(41)
Expected return on plan assets		(9)			(11)
Interest cost on benefit obligations		57			63
Net actuarial gain amortization		(21)			(13)
Curtailment loss		3	(a)		-
Retiree benefit plans cost	$	13		$	23

(a) Curtailment loss resulting from our intent to sell the Industrial Solutions business.

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Income Taxes

3 Months Ended

Mar. 31, 2017

Income Tax Disclosure [Abstract]

Income Taxes

NOTE 12. INCOME TAXES

UNRECOGNIZED TAX BENEFITS
(In millions)	March 31, 2017		December 31, 2016
Unrecognized tax benefits	$	4,732	$	4,692
Portion that, if recognized, would reduce tax expense and effective tax rate(a)		2,872		2,886
Accrued interest on unrecognized tax benefits		645		615
Accrued penalties on unrecognized tax benefits		119		118
Reasonably possible reduction to the balance of unrecognized tax benefits
in succeeding 12 months		0-600		0-600
Portion that, if recognized, would reduce tax expense and effective tax rate(a)		0-500		0-500

(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. It is reasonably possible that a portion of the unresolved items could be resolvedduring the next 12 months, which could result in a decrease in our balance of "unrecognized tax benefits" – that is, the aggregate tax effect of differencesbetween 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

3 Months Ended

Mar. 31, 2017

Stockholders' Equity Note [Abstract]

Shareowners' Equity

NOTE 13. SHAREOWNERS’ EQUITY

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
	Three months ended March 31
(In millions)	2017		2016
Investment securities
Beginning balance	$	674	$	460
Other comprehensive income (loss) (OCI) before reclassifications –
net of deferred taxes of $13 and $81		18		159
Reclassifications from OCI – net of deferred taxes of $(36) and $40		(69)		60
Other comprehensive income (loss)(a)		(52)		220
Less OCI attributable to noncontrolling interests		-		-
Ending balance	$	622	$	680
Currency translation adjustments (CTA)
Beginning balance	$	(6,816)	$	(5,499)
OCI before reclassifications – net of deferred taxes of $(33) and $266		262		115
Reclassifications from OCI – net of deferred taxes of $(540) and $119		554		(114)
Other comprehensive income (loss)(a)		815		1
Less OCI attributable to noncontrolling interests		4		3
Ending balance	$	(6,004)	$	(5,500)
Cash flow hedges
Beginning balance	$	12	$	(80)
OCI before reclassifications – net of deferred taxes of $5 and $(8)		20		(25)
Reclassifications from OCI – net of deferred taxes of $1 and $5		-		79
Other comprehensive income (loss)(a)		20		55
Less OCI attributable to noncontrolling interests		-		-
Ending balance	$	32	$	(26)
Benefit plans
Beginning balance	$	(12,469)	$	(11,410)
Prior service credit (costs) - net of deferred taxes of $0 and $5		-		23
Net actuarial gain (loss) – net of deferred taxes of $101 and $22		476		68
Net curtailment/settlement - net of deferred taxes of $16 and $0		30		-
Prior service cost amortization – net of deferred taxes of $19 and $21		11		16
Net actuarial loss amortization – net of deferred taxes of $253 and $216		533		443
Other comprehensive income (loss)(a)		1,049		550
Less OCI attributable to noncontrolling interests		2		(1)
Ending balance	$	(11,421)	$	(10,859)
Accumulated other comprehensive income (loss) at March 31	$	(16,771)	$	(15,705)

(a) Total other comprehensive income (loss) was $1,833million and $826million in the three months endedMarch 31, 2017 and 2016, respectively.

RECLASSIFICATION OUT OF AOCI
	Three months ended March 31
(In millions)	2017		2016		Statement of Earnings caption
Available-for-sale securities
Realized gains (losses) on
sale/impairment of securities	$	105	$	(100)	Total revenues and other income(a)
Income taxes		(36)		40	Benefit (provision) for income taxes(b)
Net of tax	$	69	$	(60)
Currency translation adjustments
Gains (losses) on dispositions	$	(14)	$	(6)	Total revenues and other income(c)
Income taxes		(540)		119	Benefit (provision) for income taxes(d)
Net of tax	$	(554)	$	114
Cash flow hedges
Gains (losses) on interest rate derivatives	$	(9)	$	(30)	Interest and other financial charges
Foreign exchange contracts		12		(41)	(e)
Other		(4)		(13)	(f)
Total before tax		(1)		(84)
Income taxes		1		5	Benefit (provision) for income taxes
Net of tax	$	-	$	(79)
Benefit plan items
Curtailment gain (loss)	$	(46)	$	-	(g)
Amortization of prior service costs		(30)		(37)	(g)
Amortization of actuarial gains (losses)		(786)		(659)	(g)
Total before tax		(862)		(696)
Income taxes		288		237	Benefit (provision) for income taxes
Net of tax	$	(574)	$	(459)
Total reclassification adjustments (net of tax)	$	(1,058)	$	(485)

• Included an insignificant amount and $(78) million for the three months ended March 31, 2017 and 2016, respectively in earnings (loss) from discontinued operations, net of taxes.
• Included an insignificant amountand $32 million for the three months ended March 31, 2017 and 2016, respectively in earnings (loss) from discontinued operations, net of taxes.
• Included $30million and $(5) for the three months ended March 31, 2017 and 2016, respectively in earnings (loss) from discontinued operations, net of taxes.
• Included $(540) million and $119 for the three months ended March 31, 2017 and 2016, respectively in earnings (loss) from discontinued operations, net of taxes.
• Included $25million and $(22) million in GE Capital revenues from services and $(12)million and $(19)million in interest and other financial charges in the three months endedMarch 31, 2017 and 2016, 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 11 for further information.

SHARES OF GE PREFERRED STOCK

On January 20, 2016, we issued $5,694 million of GE Series D preferred stock following an exchange offer for existing GE Series A, B and C preferred stock that had been issued as part of the GE Capital Exit Plan. The Series D preferred stock bear a fixed interest rate of 5.00% through January 21, 2021 and a floating rate equal to three-month LIBOR plus 3.33% thereafter. The Series D preferred stock are callable on January 21, 2021. Following the exchange offer, $250 million of Series A, B and C preferred stock remain outstanding with an initial average fixed dividend rate of 4.07%. The total carrying value of the GE preferred stock at March 31, 2017 was $5,317 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. Dividends on GE preferred stock totaled $34 million and $289 million, including cash dividends of zero and $65 million in the three months ended March 31, 2017 and 2016, respectively. Prior year dividend amount included deemed dividend of $232 million on GE preferred stock, including $195 million for the amount by which the fair value of the Series D preferred stock exceeded the existing Series A, B and C preferred stock and a cash payment of $37 million to the existing preferred shareholders. In conjunction with the issuance of GE preferred stock, GE Capital issued preferred stock to GE for which the amount and terms mirror the GE preferred stock held by external investors ($5,317million carrying value at March 31, 2017).

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 March 31
(In millions)		2017		2016
Beginning balance at January 1	$	1,663	$	1,864
Net earnings (loss)		5		(69)
Dividends		(9)		(7)
Dispositions		(13)		(42)
Other (including AOCI)(a)(b)		(7)		(79)
Ending balance at March 31	$	1,639	$	1,667

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

(b) 2016 included$(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, and prior to the July 1, 2016 sale of GEAM.

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 with Alstom in grid technology, renewable energy, and global nuclear and French steam power. Noncontrolling interests in these joint ventures hold certain redemption rights. These joint ventures and the associated redemption rights are discussed below. Our retained earnings is 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.

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 2017 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.

CHANGES TO REDEEMABLE NONCONTROLLING INTERESTS
	Three months ended March 31
(In millions)		2017		2016
Beginning balance at January 1	$	3,025	$	2,972
Net earnings (loss)		(81)		(53)
Dividends		(10)		(9)
Redemption value adjustment		73		32
Other		47		94
Ending balance at March 31(a)	$	3,054	$	3,036

(a) Included $2,760 and $2,928 million related to the Alstom joint ventures at March 31, 2017 and 2016, respectively.

Other

Common dividends from GE Capital to GE totaled $2,000 million and $7,500million in the three months ended March 31, 2017 and 2016, respectively. In April 2017, GE received an additional $2,000 million in common dividends from GE Capital.

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Earnings Per Share Information

3 Months Ended

Mar. 31, 2017

Earnings Per Share [Abstract]

Earnings Per Share Information

NOTE 14. EARNINGS PER SHARE INFORMATION

	Three months ended March 31
	2017				2016
(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)	$	886	$	886	$	533	$	533
Preferred stock dividends		(34)		(34)		(289)		(289)
Earnings from continuing operations attributable to
common shareowners for per-share calculation(a)(b)	$	852	$	852	$	244	$	244
Earnings (loss) from discontinued operations
for per-share calculation(a)(b)		(243)		(243)		(311)		(311)
Net earnings attributable to GE common
shareowners for per-share calculation(a)(b)	$	613	$	613	$	(64)	$	(64)
Average equivalent shares
Shares of GE common stock outstanding		8,714		8,714		9,288		9,288
Employee compensation-related shares (including
stock options)		98		-		95		-
Total average equivalent shares		8,811		8,714		9,383		9,288
Per-share amounts
Earnings from continuing operations	$	0.10	$	0.10	$	0.03	$	0.03
Earnings (loss) from discontinued operations		(0.03)		(0.03)		(0.03)		(0.03)
Net earnings		0.07		0.07		(0.01)		(0.01)

• Our unvested restricted stock unit awards that contain non-forfeitable rights to dividends or dividend equivalents are considered participating securities. For the periods ended March 31, 2017and 2016, pursuant to the two-class method, as a result of the excess of dividends in respect to current period earnings, losses were not allocated to the participating securities.
• Included an insignificant amount of dividend equivalents in each of the periods presented.

For the three months ended March 31, 2017, approximately 15 million of outstanding stock awards were not included in the computation of diluted earnings (loss) per share because their effect was antidilutive. As a result of the loss from continuing operations for the three months ended March 31, 2016, all of the outstanding stock awards, approximately 33 million, were not included in the computation of diluted earnings (loss) per share because their effect was antidilutive. 

Earnings-per-share amounts are computed independently for earnings (loss) from continuing operations, earnings (loss) from discontinued operations and net earnings (loss). 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

3 Months Ended

Mar. 31, 2017

Fair Value Disclosures [Abstract]

Fair Value Measurements

NOTE 15. FAIR VALUE MEASUREMENTS

Recurring Fair Value Measurements

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

ASSETS AND LIABILITIES MEASURED AT FAIR VALUE ON A RECURRING BASIS
										Netting
(In millions)	Level 1		(a)	Level 2		(a)	Level 3		(b)	adjustment		Net balance (c)
March 31, 2017
Assets
Investment securities	$	241		$	37,740		$	3,967		$	-	$	41,949
Derivatives		-			4,311			21			(3,869)		463
Total	$	241		$	42,051		$	3,988		$	(3,869)	$	42,412
Liabilities
Derivatives	$	-		$	3,713		$	4		$	(2,935)	$	782
Other(d)		-			1,179			-			-		1,179
Total	$	-		$	4,892		$	4		$	(2,935)	$	1,961
December 31, 2016
Assets
Investment securities	$	188		$	39,719		$	4,406		$	-	$	44,313
Derivatives		-			5,444			23			(5,121)		345
Total	$	188		$	45,163		$	4,429		$	(5,121)	$	44,658
Liabilities
Derivatives	$	-		$	4,880		$	2		$	(4,449)	$	434
Other(d)		-			1,143			-			-		1,143
Total	$	-		$	6,024		$	2		$	(4,449)	$	1,577

(a) There were no significant transfers between Level 1 and Level 2 for the three months ended March 31, 2017 and 2016.

(b)Includes debt securities classified within Level 3 of $3,407 million of U.S. corporate and $240 million of Non-U.S. corporate at March 31, 2017, and $3,399 million of U.S. corporate and $688 million of Non-U.S. corporate. securities at December 31, 2016.

(c)See Notes 3, 16 and 21 for additional information on the composition of our investment securities and derivative portfolios.

(d) 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 realized/			Net realized/
			unrealized		unrealized
			gains			gains
			(losses)			(losses)							Transfers		Transfers
	Balance at		included in			included							into		out of		Balance at
(In millions)	January 1		earnings(a)			in AOCI	Purchases(b)		Sales		Settlements		Level 3		Level 3		March 31
2017
Investment securities	$	4,406	$	9	$	6	$	92	$	-	$	(88)	$	11	$	(470)	$	3,967
Derivatives		21		1		(1)		(1)		-		(2)		-		(1)		17
Other		-		-		-		-		-		-		-		-		-
Total	$	4,427	$	10	$	5	$	91	$	-	$	(90)	$	12	$	(471)	$	3,985
2016
Investment securities	$	3,695	$	(12)	$	64	$	60	$	(5)	$	(9)	$	-	$	(15)	$	3,777
Derivatives		88		4		-		-		-		1		(11)		(1)		82
Other		259		-		-		-		-		-		-		(259)		-
Total	$	4,042	$	(8)	$	63	$	60	$	(5)	$	(8)	$	(11)	$	(275)	$	3,859

• Earnings effects are primarily included in the “GE Capital revenues from services” and “Interest and other financial charges” captions in the Statement of Earnings.
• Includes $91 million of U.S. corporate for the three months ended March 31, 2017.

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 March 31, 2017 and December 31, 2016.

	Remeasured during the three months ended March 31, 2017					Remeasured during the year ended December 31, 2016
(In millions)	Level 2		Level 3		Level 2		Level 3
Financing receivables and financing receivables held for sale	$	-	$	-	$	-	$	30
Cost and equity method investments		-		-		-		103
Long-lived assets		-		358		17		1,055
Total	$	-	$	358	$	17	$	1,189

The following table represents the fair value adjustments to assets measured at fair value on a non-recurring basis and still held at March 31, 2017 and 2016.

	Three months ended March 31
(In millions)	2017		2016
Financing receivables and financing receivables held for sale	$	-	$	(23)
Cost and equity method investments		(9)		(115)
Long-lived assets		(35)		(58)
Total	$	(44)	$	(197)

LEVEL 3 MEASUREMENTS - SIGNIFICANT UNOBSERVABLE INPUTS
					Range
(Dollars in millions)	Fair value		Valuation technique	Unobservable inputs	(weighted-average)
March 31, 2017
Recurring fair value measurements
Investment securities (b)	$	974	Income approach	Discount rate(a)	1.8%-24.2% (7.4%)
Non-recurring fair value measurements
Long-lived assets		57	Income approach	Discount rate(a)	2.5%-12.1% (6.5%)
December 31, 2016
Recurring fair value measurements
Investment securities (b)	$	830	Income approach	Discount rate(a)	1.4%-17.4% (7.9%)
Non-recurring fair value measurements
Financing receivables and
financing receivables held for sale	$	30	Income approach	Discount rate(a)	2.5%-30.0% (20.3%)
Cost and equity method investments		94	Income approach	Discount rate(a)	9.0%-30.0% (11.8%)
Long-lived assets		683	Income approach	Discount rate(a)	2.5%-20.0% (10.4%)

• 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.
• Comprises substantially all of U.S. corporate securities.

At March 31, 2017 and December 31, 2016, other Level 3 recurring fair value measurements of $3,011 million and $3,598 million, respectively, and non-recurring measurements of $301 million and $379 million, respectively, are valued using non-binding broker quotes or other third-party sources. At March 31, 2017 and December 31, 2016, other recurring and non-recurring fair value measurements were individually insignificant and utilize a number of different unobservable inputs not subject to meaningful aggregation.

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Financial Instruments

3 Months Ended

Mar. 31, 2017

Financial Instruments [Abstract]

Financial Instruments

NOTE 16. 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 values 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.

	March 31, 2017				December 31, 2016
	Carrying				Carrying
	amount		Estimated		amount		Estimated
(In millions)	(net)		fair value		(net)		fair value
GE
Assets
Investments and notes receivable	$	1,283	$	1,352	$	1,526	$	1,595
Liabilities
Borrowings(a)(b)		19,610		20,472		19,184		19,923
Borrowings (debt assumed)(a)(c)		54,392		61,307		60,109		66,998
GE Capital
Assets
Loans		18,837		18,833		21,060		20,830
Other commercial mortgages		1,420		1,493		1,410		1,472
Loans held for sale		740		740		473		473
Other financial instruments(d)		118		163		121		150
Liabilities
Borrowings(a)(e)(f)(g)		55,828		59,709		58,523		62,024
Investment contracts		2,724		3,164		2,813		3,277

(a)See Note 10.

(b) Included $187 million and $115 million of accrued interest in estimated fair value at March 31, 2017 and December 31, 2016, respectively.

(c) Included $599 million and $803 million of accrued interest in estimated fair value at March 31, 2017 and December 31, 2016, respectively.

(d)Principally comprises cost method investments.

(e)Fair values exclude interest rate and currency derivatives designated as hedges of borrowings. Had they been included, the fair value of borrowings at March 31, 2017 and December 31, 2016 would have been reduced by $2,309 million and $2,397 million, respectively.

(f) Included $611 million and $775 million of accrued interest in estimated fair value at March 31, 2017 and December 31, 2016, respectively.

(g) Excluded $50,317 million and $58,780 million of net intercompany payable to GE at March 31, 2017 and December 31, 2016respectively.

NOTIONAL AMOUNTS OF LOAN COMMITMENTS
(In millions)	March 31, 2017		December 31, 2016
Ordinary course of business lending commitments(a)	$	956	$	687
Unused revolving credit lines		236		238

(a) Excluded investment commitments of $555 million and $522 million at March 31, 2017 and December 31, 2016, respectively.

Securities Repurchase and Reverse Repurchase Arrangements

We enter into reverse securities repurchase agreements, primarily for short-term investment with maturities of 90 days or less. At March 31, 2017, we were party to reverse repurchase agreements totaling $2,950 million, 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 March 31, 2017. 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 March 31
(In millions)	2017		2016
Balance sheet changes
Fair value of derivatives increase (decrease)	$	22	$	(56)
Shareowners' equity (increase) decrease		(22)		57
Earnings (loss) related to ineffectiveness		-		1
Earnings (loss) effect of derivatives(a)		(1)		(84)
(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 March 31
(In millions)	2017		2016
Balance sheet changes
Fair value of derivative increase (decrease)	$	(225)	$	1,723
Adjustment to carrying amount of hedged debt (increase) decrease		163		(1,754)
Earnings (loss) related to hedge ineffectiveness		(62)		(32)

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 U.S. dollar. We hedge the currency risk associated with those investments primarily using short-term currency exchange contracts under which we receive U.S. 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 March 31
(In millions)	2017		2016
Balance sheet changes
Fair value of derivatives increase (decrease)	$	(92)	$	329
Fair value of non-derivatives (increase) decrease		(471)		273
Shareowners' equity (increase) decrease		573		(569)
Earnings (loss) related to spot-forward differences and ineffectiveness		10		32
Earnings (loss) related to reclassification upon sale or liquidation(a)		60		(693)

(a) Included $60 million and $(693) million recorded in discontinued operations in the three months endedMarch 31, 2017 and 2016, 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 March 31
(In millions)	2017		2016
Balance sheet changes
Change in fair value of economic hedge increase (decrease)	$	(339)	$	(278)
Change in carrying amount of item being hedged increase (decrease)		224		87
Earnings (loss) effect of economic hedges(a)		(115)		(191)

(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 $161 billion at March 31, 2017 is related to managing interest rate and currency risk between financial assets and liabilities in our financial services business. The remaining derivative notional amount 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 Statement of Financial Position. 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)	March 31, 2017		December 31, 2016
Derivative assets	$	4,332	$	5,467
Derivative liabilities		(3,717)		(4,883)
Accrued interest		352		792
Cash collateral & credit valuation adjustment		(934)		(672)
Net Derivatives		33		703
Securities held as collateral		(323)		(442)
Net amount	$	(291)	$	262

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 pre-tax earnings.

	Three months ended March 31
(In millions)		Effect on hedging instrument		Effect on underlying		Effect on earnings
2017
Cash flow hedges	$	22	$	(22)	$	-
Fair value hedges		(225)		163		(62)
Net investment hedges(a)		(563)		573		10
Economic hedges(b)		(339)		224		(115)
Total					$	(167)

2016
Cash flow hedges	$	(56)	$	57	$	1
Fair value hedges		1,723		(1,754)		(32)
Net investment hedges(a)		602		(569)		32
Economic hedges(b)		(278)		87		(191)
Total					$	(190)

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.

See Note 13 for additional information about changes in shareowners’ equity related to hedging and amounts released to earnings. See Note 22 for other supplemental information about derivatives and hedging.

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Variable Interest Entities

3 Months Ended

Mar. 31, 2017

Variable Interest Entities [Abstract]

Variable Interest Entity Disclosure [Text Block]

NOTE 17. VARIABLE INTEREST ENTITIES

A VIE is an entity that has one of three characteristics: (1) it is controlled by someone other than its shareowners or partners, (2) its shareowners or partners are not economically exposed to the entity’s earnings (for example, they are protected against losses), or (3) it was thinly capitalized when it was formed.

In the normal course of our business we become involved with VIEs either because we help create them or we invest in them. Our VIEs either provide goods and services to customers or provide financing to third parties for the purchase of GE goods and services. If we control the VIE, we consolidate it and provide disclosures below. However, if the VIE is a business and use of its assets is not limited to settling its liabilities, ongoing disclosures are not required.

Consolidated Variable Interest Entities

Our most significant consolidated VIEs are the three joint ventures that were formed as part of the Alstom acquisition. These joint ventures include grid technology, renewable energy, and global nuclear and French steam power and have combined assets, liabilities and redeemable noncontrolling interest as of March 31, 2017and December 31, 2016 of $15,519 million, $8,266 million and $2,760 million and $14,460 million, $9,922 million and $2,709 million, respectively. These joint ventures are considered VIEs because the equity held by Alstom does not participate fully in the earnings of the ventures due to the contractual features allowing Alstom to sell their interests back to GE. We consolidate these ventures because we control all their significant activities. These joint ventures are in all other respects regular businesses and are therefore exempt from ongoing disclosure requirements for VIEs provided below.

The table below provides information about VIEs that are subject to ongoing disclosure requirements. Substantially all of these entities were created to help our customers finance the purchase of GE goods and services or to purchase GE current and customer notes receivable originating from sales of goods and services. These entities have no features that could expose us to losses that would significantly exceed the difference between the consolidated assets and liabilities.

ASSETS AND LIABILITIES OF CONSOLIDATED VIEs
				GE Capital
					Customer
(In millions)	GE		Notes receivables(a)				Other	Total
March 31, 2017
Assets
Financing receivables, net	$	-		$	-	$	948	$	948
Current receivables		63			554		-		617
Investment securities		-			-		976		976
Other assets		477			1,145		1,530		3,152
Total	$	540		$	1,699	$	3,454	$	5,693
Liabilities
Borrowings	$	-		$	-	$	754	$	754
Non-recourse borrowings		-			652		16		668
Other liabilities		449			1,022		1,790		3,261
Total	$	449		$	1,674	$	2,560	$	4,683
December 31, 2016
Assets
Financing receivables, net	$	-		$	-	$	1,035	$	1,035
Current receivables		57			670		-		727
Investment securities		-			-		982		982
Other assets		492			1,122		1,747		3,361
Total	$	549		$	1,792	$	3,764	$	6,105
Liabilities
Borrowings	$	1		$	-	$	818	$	819
Non-recourse borrowings		-			401		16		417
Other liabilities		457			1,378		1,482		3,317
Total	$	458		$	1,779	$	2,316	$	4,553

(a) Two funding vehicles established to purchase customer notes receivable from GE, one of which is partially funded by third-party debt.

Total revenues from our consolidated VIEs were $252 million and $355 million for the three months ended March 31, 2017 and 2016, respectively. Related expenses consisted primarily of cost of goods and services of $95 million and $344 million for the three months ended March 31, 2017 and 2016, respectively.

Where we provide servicing for third-party investors, we are contractually permitted to commingle cash collected from customers on financing receivables sold to third-party investors with our own cash prior to payment to third-party investors, provided our short-term credit rating does not fall below A-1/P1. These third-party investors also owe us amounts for purchased financial assets and scheduled interest and principal payments. At March 31, 2017 and December 31, 2016, the amounts of commingled cash owed to the third-party investors were $923million and $1,117million, respectively, and the amounts owed to us by third-party investors were $163 million and $5million, respectively.

Unconsolidated Variable Interest Entities

We become involved with unconsolidated VIEs primarily through assisting in the formation and financing of the entity. We do not consolidate these entities because we do not have power over decisions that significantly affect their economic performance. Our investments in unconsolidated VIEs, at March 31, 2017 and December 31, 2016 were $6,271 million and $6,346 million, respectively. Substantially all of these investments are held by Energy Financial Services. Obligations to make additional investments in these entities are not significant.

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Commitments, Guarantees, Product Warranties and Other Loss Contingencies

3 Months Ended

Mar. 31, 2017

Commitments, Guarantees and Product Warranties [Abstract]

Commitments, Guarantees and Product Warranties

NOTE 18. COMMITMENTS, GUARANTEES, Product warranties AND OTHER LOSS CONTINGENCIES

Commitments

The GE Capital Aviation Services (GECAS) business in GE Capital had placed multiple-year orders for various Boeing, Airbus and other aircraft manufacturers with list prices approximating $32,523 million and secondary orders with airlines for used aircraft of approximately $2,403 million at March 31, 2017. In our Aviation segment, we had committed to provide financing assistance of $1,891 million of future customer acquisitions of aircraft equipped with our engines.

Guarantees

Our guarantees are provided in the ordinary course of business. We underwrite these guarantees considering economic, liquidity and credit risk of the counterparty. We believe that the likelihood is remote that any such arrangements could have a significant adverse effect on our financial position, results of operations or liquidity. We record liabilities for guarantees at estimated fair value, generally the amount of the premium received, or if we do not receive a premium, the amount based on appraisal, observed market values or discounted cash flows. Any associated expected recoveries from third parties are recorded as other receivables, not netted against the liabilities.

At March 31, 2017, we were committed under the following guarantee arrangements beyond those provided on behalf of VIEs. See Note 17.

Credit Support. We have provided $1,620 million of credit support on behalf of certain customers or associated companies, predominantly joint ventures and partnerships, using arrangements such as standby letters of credit and performance guarantees. These arrangements enable these customers and associated companies to execute transactions or obtain desired financing arrangements with third parties. Should the customer or associated company fail to perform under the terms of the transaction or financing arrangement, we would be required to perform on their behalf. Under most such arrangements, our guarantee is secured, usually by the asset being purchased or financed, or possibly by certain other assets of the customer or associated company. The length of these credit support arrangements parallels the length of the related financing arrangements or transactions. The liability for such credit support was $42 million at March 31, 2017.

Indemnification Agreements – Continuing Operations. We have agreements that require us to fund up to $232 million at March 31, 2017 under residual value guarantees on a variety of leased equipment. Under most of our residual value guarantees, our commitment is secured by the leased asset. The liability for these indemnification agreements was $7 million at March 31, 2017.

At March 31, 2017, we also had $1,044 million of other indemnification commitments, substantially all of which relate to representations and warranties in sales of businesses or assets. The liability for these indemnification commitments was $227 million at March 31, 2017.

Indemnification Agreements – Discontinued Operations.At March 31, 2017, we provided specific indemnifications to buyers of GE Capital’s assets that amounted to $2,550 million, for which we have recognized related liabilities of $297 million. In addition, in connection with the 2015 public offering and sale of our North American Retail Finance business, Synchrony Financial, GE Capital indemnified Synchrony Financial and its directors, officers, and employees against the liabilities of GECC's businesses other than historical liabilities of the businesses that are part of Synchrony Financial's ongoing operations.

Contingent Consideration. These are agreements to provide additional consideration to a buyer or seller in a business combination if contractually specified conditions related to the acquisition or disposition are achieved. The amount of contingent consideration was insignificant at March 31, 2017.

Product Warranties

We provide for estimated product warranty expenses when we sell the related products. Because warranty estimates are forecasts that are based on the best available information – mostly historical claims experience – claims costs may differ from amounts provided. An analysis of changes in the liability for product warranties follows.

		Three months ended March 31
(In millions)		2017		2016
Balance at January 1	$	1,920	$	1,723
Current-year provisions		158		167
Expenditures		(211)		(179)
Other changes		17		53
Balance at March 31	$	1,884	$	1,764

OTHER LOSS CONTINGENCIES

LEGAL MATTERS

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 March 31, 2017 and December 31, 2016, such claims consisted of $1,060 million of individual claims generally submitted before the filing of a lawsuit and $5,456 million of additional claims asserted against WMC in litigation without making a prior claim (Litigation Claims). The total amount of these claims, $6,516 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. 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 $626 million at March 31, 2017. 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 March 31
(In millions)		2017		2016
Balance, beginning of period	$	626	$	875
Provision		-		57
Claim resolutions / rescissions		-		(99)
Balance, end of period	$	626	$	833

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 March 31, 2017. 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 March 31, 2017, there were 10lawsuits involving claims made against WMC arising from alleged breaches of representations and warranties on mortgage loans included in 11securitizations. The adverse parties in these cases are securitization trustees or parties claiming to act on their behalf. On January 23, 2017, the ResCap Liquidating Trust, as successor to Residential Funding Company, LLC (RFC), filed a lawsuit against WMC in the United States District Court for the District of Minnesota arising from alleged breaches in representations and warranties made by WMC in connection with the sale of approximately $840 million in loans to RFC over a period of time preceding RFC’s filing for bankruptcy protection in May 2012. 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.

Alstom legacy matters.On November 2, 2015, we acquired the Thermal, Renewables and Grid businesses from Alstom. Prior to the acquisition, the seller was the subject of two significant cases involving anti-competitive activities and improper payments: (1) in January 2007, Alstom was fined €65 million by the European Commission for participating in a gas insulated switchgear cartel that operated from 1988 to 2004 (that fine was later reduced to €59 million), and (2) in December 2014, Alstom pled guilty in the United States to multiple violations of the Foreign Corrupt Practices Act and paid a criminal penalty of $772 million. As part of GE’s accounting for the acquisition, we established a reserve amounting to $858 million for legal and compliance matters related to the legacy business practices that were the subject of these and related cases in various jurisdictions.

Regardless of jurisdiction, the allegations relate to claimed anti-competitive conduct or improper payments in the pre-acquisition period as the source of legal violations and/or damages. Given the significant litigation and compliance activity related to these matters and our ongoing efforts to resolve them, it is difficult to assess whether the disbursements will ultimately be consistent with the reserve established. The estimation of this reserve involved significant judgment and may not reflect the full range of uncertainties and unpredictable outcomes inherent in litigation and investigations of this nature. Damages sought may include disgorgement of profits on the underlying business transactions, fines and/or penalties, interest, or other forms of resolution. Factors that can affect the ultimate amount of losses associated with these matters include the way cooperation is assessed and valued, prosecutorial discretion in the determination of damages, formulas for determining fines and penalties, the duration and amount of legal and investigative resources applied, and political and social influences within each jurisdiction, among other considerations. Actual losses arising from claims in these matters could exceed the amount provided. At this time, we are unable to develop a meaningful estimate of the range of reasonably possible additional losses for this exposure.

Environmental Matters

Our operations, like operations of other companies engaged in similar businesses, involve the use, disposal and cleanup of substances regulated under environmental protection laws. We are involved in numerous remediation actions to clean up hazardous wastes as required by federal and state laws. Liabilities for remediation costs exclude possible insurance recoveries and, when dates and amounts of such costs are not known, are not discounted. When there appears to be a range of possible costs with equal likelihood, liabilities are based on the low end of such range. It is reasonably possible that our environmental remediation exposure will exceed amounts accrued. However, due to uncertainties about the status of laws, regulations, technology and information related to individual sites, such amounts are not reasonably estimable.

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Intercompany Transactions

3 Months Ended

Mar. 31, 2017

Intercompany Transactions [Abstract]

Intercompany Transactions

NOTE 19. INTERCOMPANY TRANSACTIONS

Transactions between related companies are made on an arms-length basis and are reported in the respective GE and GE Capital columns of our financial statements, but are eliminated in deriving our consolidated financial statements. These transactions include, but are not limited to, the following:

• GE Capital dividends to GE,
• GE Capital working capital solutions to optimize GE cash management,
• GE Capital enabled GE industrial orders, and
• Aircraft engines, power equipment and healthcare equipment manufactured by GE that are installed on GE Capital investments, including leased equipment.

In addition to the above transactions that primarily enable growth for the GE businesses, there are routine related party transactions, which include, but are not limited to, the following:

• Expenses related to parent-subsidiary pension plans,
• Buildings and equipment leased between GE and GE Capital, including sale-leaseback transactions,
• Information technology (IT) and other services sold to GE Capital by GE, and
• Various investments, loans and allocations of GE corporate overhead costs.

Presented below is a walk of intercompany eliminations from the combined GE and GE Capital

	Three months ended March 31
(In millions)	2017		2016
Cash from (used for) operating activities-continuing operations
Combined	$	489	$	7,551
GE current receivables sold to GE Capital		2,182		886
GE Capital dividends to GE		(2,000)		(7,500)
Other reclassifications and eliminations(a)		297		960
Total cash from (used for) operating activities-continuing operations	$	967	$	1,897
Cash from (used for) investing activities-continuing operations
Combined	$	4,979	$	26,515
GE current receivables sold to GE Capital		(2,471)		(888)
GE Capital long-term loans to GE		4,075		-
GE Capital short-term loan to GE		(1,329)		-
Other reclassifications and eliminations(a)		(734)		(955)
Total cash from (used for) investing activities-continuing operations	$	4,520	$	24,672
Cash from (used for) financing activities-continuing operations
Combined	$	(12,166)	$	(29,504)
GE current receivables sold to GE Capital		289		2
GE Capital dividends to GE		2,000		7,500
GE Capital long-term loans to GE		(4,075)		-
GE Capital short-term loan to GE		1,329		-
Other reclassifications and eliminations(a)		438		(5)
Total cash from (used for) financing activities-continuing operations	$	(12,185)	$	(22,007)

(a)Includes eliminations of other cash flows activities including those related to GE Capital enabled GE industrial orders, various investments, loans and allocations of GE corporate overhead costs.

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Guarantor Financial Information

3 Months Ended

Mar. 31, 2017

Guarantor [Abstract]

Guarantees [Text Block]

NOTE 20. 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 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 March 31, 2017 and 2016, Condensed Consolidating Statements of Financial Position as of March 31, 2017 and December 31, 2016 and Condensed Consolidating Statements of Cash Flows for the three months ended March 31, 2017 and 2016 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 taxes”;
• 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 taxes”;
• 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 MARCH 31, 2017 (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	$	8,792	$	-	$	-	$	36,090	$	(19,654)	$	25,228
Other income		54		-		-		4,620		(4,507)		168
Equity in earnings (loss) of affiliates		2,444		-		242		36,682		(39,368)		-
GE Capital revenues from services		-		156		186		2,270		(347)		2,264
Total revenues and other income		11,289		156		428		79,662		(63,875)		27,660
Costs and expenses
Interest and other financial charges		910		150		455		1,082		(1,457)		1,139
Investment contracts, insurance losses and		-		-		-		636		(2)		634
insurance annuity benefits
Other costs and expenses		9,629		-		13		35,305		(19,892)		25,055
Total costs and expenses		10,539		150		468		37,023		(21,351)		26,829
Earnings (loss) from continuing		751		6		(40)		42,640		(42,525)		832
operations before income taxes
Benefit (provision) for income taxes		144		(1)		115		(469)		195		(16)
Earnings (loss) from continuing operations		895		5		74		42,171		(42,330)		816
Earnings (loss) from discontinued
operations, net of taxes		(242)		-		283		1		(280)		(239)
Net earnings (loss)		653		5		357		42,172		(42,610)		577
Less net earnings (loss) attributable to
noncontrolling interests		-		-		-		(48)		(28)		(76)
Net earnings (loss) attributable to
the Company		653		5		357		42,220		(42,582)		653
Other comprehensive income (loss)		1,827		-		617		(1,457)		840		1,827
Comprehensive income (loss) attributable
to the Company	$	2,479	$	5	$	974	$	40,763	$	(41,742)	$	2,479

CONDENSED CONSOLIDATING STATEMENT OF EARNINGS (LOSS) AND COMPREHENSIVE INCOME (LOSS)
FOR THE THREE MONTHS ENDED MARCH 31, 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	$	10,013	$	-	$	-	$	33,759	$	(18,458)	$	25,314
Other income		226		-		-		3,441		(3,659)		9
Equity in earnings (loss) of affiliates		908		-		669		13,623		(15,200)		-
GE Capital revenues from services		-		396		297		4,585		(2,756)		2,522
Total revenues and other income		11,146		396		967		55,407		(40,072)		27,845
Costs and expenses
Interest and other financial charges		811		373		931		1,759		(2,137)		1,736
Investment contracts, insurance losses and		-		-		-		672		(30)		642
insurance annuity benefits
Other costs and expenses		10,455		-		36		35,166		(20,429)		25,228
Total costs and expenses		11,266		373		968		37,597		(22,597)		27,606
Earnings (loss) from continuing		(120)		24		(1)		17,811		(17,475)		238
operations before income taxes
Benefit (provision) for income taxes		619		(3)		(3)		(485)		49		177
Earnings (loss) from continuing operations		499		21		(4)		17,325		(17,425)		415
Earnings (loss) from discontinued
operations, net of taxes		(308)		-		(475)		(426)		901		(308)
Net earnings (loss)		191		21		(479)		16,899		(16,524)		107
Less net earnings (loss) attributable to
noncontrolling interests		-		-		-		(26)		(96)		(121)
Net earnings (loss) attributable to
the Company		191		21		(479)		16,925		(16,429)		228
Other comprehensive income (loss)		824		(12)		(182)		268		(74)		824
Comprehensive income (loss) attributable
to the Company	$	1,015	$	9	$	(662)	$	17,193	$	(16,502)	$	1,052

CONDENSED CONSOLIDATING STATEMENT OF FINANCIAL POSITION
MARCH 31, 2017 (UNAUDITED)
		Parent						Non-
		Company		Subsidiary		Subsidiary		Guarantor		Consolidating
(In millions)		Guarantor		Issuer		Guarantor		Subsidiaries		Adjustments	Consolidated
Assets
Cash and equivalents	$	628	$	-	$	3	$	41,718	$	(786)	$	41,564
Investment securities		1		-		-		44,414		(2,466)		41,949
Receivables - net		56,401		17,374		30,656		73,347		(138,057)		39,721
Inventories		4,995		-		-		21,820		(4,114)		22,701
Property, plant and equipment - net		5,885		-		-		45,148		(2,017)		49,016
Investment in subsidiaries(a)		277,214		-		80,038		499,436		(856,687)		-
Goodwill and intangible assets		8,238		-		-		46,386		32,204		86,828
All other assets		14,413		44		38		196,989		(151,405)		60,079
Assets of discontinued operations		-		-		-		-		9,786		9,786
Total assets	$	367,777	$	17,419	$	110,734	$	969,258	$	(1,113,544)	$	351,643
Liabilities and equity
Short-term borrowings	$	164,741	$	-	$	45,341	$	23,469	$	(205,226)	$	28,324
Accounts payable		2,335		-		-		48,182		(36,819)		13,698
Other current liabilities		11,920		34		3		23,802		30		35,789
Long-term and non-recourse borrowings		70,390		16,418		34,330		54,840		(75,636)		100,342
All other liabilities		43,857		790		513		54,799		(7,438)		92,522
Liabilities of discontinued operations		-		-		-		-		1,741		1,741
Total Liabilities		293,242		17,242		80,186		205,092		(323,347)		272,416
Redeemable noncontrolling interests		-		-		-		2,282		772		3,054
GE shareowners' equity		74,534		177		30,547		760,205		(790,929)		74,534
Noncontrolling interests		-		-		-		1,678		(39)		1,639
Total equity		74,534		177		30,547		761,883		(790,968)		76,173
Total liabilities, redeemable
noncontrolling interests and equity	$	367,777	$	17,419	$	110,734	$	969,258	$	(1,113,544)	$	351,643

(a) Included within the subsidiaries of the Subsidiary Guarantor are cash and cash equivalent balances of $27,108 million and net assets of discontinued operations of $4,042 million.

CONDENSED CONSOLIDATING STATEMENT OF FINANCIAL POSITION
DECEMBER 31, 2016
		Parent						Non-
		Company		Subsidiary		Subsidiary		Guarantor		Consolidating
(In millions)		Guarantor		Issuer		Guarantor		Subsidiaries		Adjustments	Consolidated
Assets
Cash and equivalents	$	2,558	$	-	$	3	$	46,994	$	(1,426)	$	48,129
Investment securities		1		-		-		47,394		(3,082)		44,313
Receivables - net		63,620		17,157		30,470		79,401		(148,385)		42,263
Inventories		4,654		-		-		21,076		(3,377)		22,354
Property, plant and equipment - net		5,768		-		-		46,366		(1,615)		50,518
Investment in subsidiaries(a)		272,685		-		80,481		492,674		(845,840)		-
Goodwill and intangible assets		8,128		-		-		42,074		36,673		86,875
All other assets		14,692		44		39		201,276		(160,134)		55,917
Assets of discontinued operations		-		-		-		-		14,815		14,815
Total assets	$	372,107	$	17,202	$	110,992	$	977,255	$	(1,112,372)	$	365,183
Liabilities and equity
Short-term borrowings	$	167,089	$	1	$	46,432	$	25,919	$	(208,727)	$	30,714
Accounts payable		5,412		-		-		47,366		(38,343)		14,435
Other current liabilities		11,072		33		117		25,095		114		36,431
Long-term and non-recourse borrowings		68,983		16,486		34,389		68,912		(83,273)		105,496
All other liabilities		43,722		511		481		58,376		(9,656)		93,434
Liabilities of discontinued operations		-		-		-		-		4,158		4,158
Total Liabilities		296,279		17,030		81,419		225,667		(335,727)		284,668
Redeemable noncontrolling interests		-		-		-		2,223		802		3,025
GE shareowners' equity		75,828		171		29,573		747,719		(777,463)		75,828
Noncontrolling interests		-		-		-		1,647		16		1,663
Total equity		75,828		171		29,573		749,366		(777,447)		77,491
Total liabilities, redeemable
noncontrolling interests and equity	$	372,107	$	17,202	$	110,992	$	977,255	$	(1,112,372)	$	365,183

(a) Included within the subsidiaries of the Subsidiary Guarantor are cash and cash equivalent balances of $28,516million and net assets of discontinued operations of $6,012million.

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
THREE MONTHS ENDED MARCH 31, 2017 (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	$	(9,060)	$	13	$	628	$	76,854	$	(67,468)	$	967
Cash from (used for) operating activities -
discontinued operations		(242)		-		-		(419)		3		(658)
Cash from (used for) operating activities		(9,302)		13		628		76,435		(67,465)		309
Cash flows – investing activities
Cash from (used for) investing activities –
continuing operations		3,660		(13)		584		(69,441)		69,730		4,520
Cash from (used for) investing activities –
discontinued operations		-		-		-		(1,871)		-		(1,871)
Cash from (used for) investing activities		3,660		(13)		584		(71,312)		69,730		2,649
Cash flows – financing activities
Cash from (used for) financing activities –
continuing operations		3,713		-		(1,212)		(13,062)		(1,624)		(12,185)
Cash from (used for) financing activities –
discontinued operations		-		-		-		1,907		-		1,907
Cash from (used for) financing activities		3,713		-		(1,212)		(11,155)		(1,624)		(10,278)
Effect of currency exchange rate changes
on cash and equivalents		-		-		-		133		-		133
Increase (decrease) in cash and equivalents		(1,930)		-		-		(5,897)		640		(7,187)
Cash and equivalents at beginning of year		2,558		-		3		48,423		(1,426)		49,558
Cash and equivalents at March 31		628		-		3		42,527		(786)		42,372
Less cash and equivalents of discontinued
operations at March 31		-		-		-		808		-		808
Cash and equivalents of continuing operations
at March 31	$	628	$	-	$	3	$	41,718	$	(786)	$	41,564

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
THREE MONTHS ENDED MARCH 31, 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	$	(18,151)	$	352	$	(924)	$	(17,005)	$	37,625	$	1,897
Cash from (used for) operating activities -
discontinued operations		(308)		-		682		(1,370)		(256)		(1,252)
Cash from (used for) operating activities		(18,459)		352		(242)		(18,376)		37,369		644
Cash flows – investing activities
Cash from (used for) investing activities –
continuing operations		12,177		(517)		1,192		76,560		(64,741)		24,672
Cash from (used for) investing activities –
discontinued operations		-		-		-		7,112		-		7,112
Cash from (used for) investing activities		12,177		(517)		1,192		83,672		(64,741)		31,783
Cash flows – financing activities
Cash from (used for) financing activities –
continuing operations		4,866		165		(944)		(47,916)		21,823		(22,007)
Cash from (used for) financing activities –
discontinued operations		-		-		-		(112)		-		(112)
Cash from (used for) financing activities		4,866		165		(944)		(48,028)		21,823		(22,119)
Effect of currency exchange rate changes
on cash and equivalents		-		-		-		31		-		31
Increase (decrease) in cash and equivalents		(1,416)		-		6		17,300		(5,550)		10,340
Cash and equivalents at beginning of year		4,137		-		-		107,350		(20,609)		90,878
Cash and equivalents at March 31		2,721		-		6		124,649		(26,158)		101,217
Less cash and equivalents of discontinued
operations at March 31		-		-		-		26,143		-		26,143
Cash and equivalents of continuing operations
at March 31	$	2,721	$	-	$	6	$	98,506	$	(26,158)	$	75,075

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Supplemental Information

3 Months Ended

Mar. 31, 2017

Supplemental Cash Flows Information [Abstract]

Cash Flow Supplemental Disclosures [Text Block]

NOTE 21. SUPPLEMENTAL INFORMATION

CASH FLOWS INFORMATION

Amounts reported in the “All other operating activities” line in the Statement of Cash Flows consist primarily of adjustments to current and noncurrent accruals, deferrals of costs and expenses and adjustments to assets. Certain supplemental information related to our cash flows is shown below.

		Three months ended March 31
(In millions)		2017		2016
GE
All other operating activities
(Gains) losses on purchases and sales of business interests	$	(2)	$	(59)
Contract assets (net)(a)		(1,894)		(722)
Income taxes(b)		(415)		(635)
Interest charges(c)		198		116
Principal pension plans(d)		929		853
Other		(485)		(56)
	$	(1,669)	$	(502)
Net dispositions (purchases) of GE shares for treasury
Open market purchases under share repurchase program(e)	$	(1,888)	$	(6,412)
Other purchases		-		(309)
Dispositions		309		394
	$	(1,578)	$	(6,326)

(a) Contract assets are presented net of related billings in excess of revenues on our long-term product service agreements. See Note 9.

(b) Reflected the effects of current tax expense (benefit) of $259 million and $(65) million and net cash paid during the year for income taxes of $(674) million and $(570) million for the three months ended March 31, 2017 and 2016, respectively. Cash flows effects of deferred tax provisions (benefits) are shown separately within cash flows from operating activities.

(c)Reflected the effects of interest expense of $564 million and $440 million and cash paid for interest of $(368) million and $(325) million for the three months ended March 31, 2017 and 2016, respectively.

(d) Reflected the effects of pension costs of $983 million and $903 million and employer contributions of $(54) million and $(50) million for the three months ended March 31, 2017 and 2016, respectively. See Note 11.

(e) Included $(2,000) million paid under ASR agreements in the three months ended March 31, 2016.

Summary Of Derivative Instruments [Abstract]

Derivatives And Fair Value [Text Block]

NOTE 21. SUPPLEMENTAL INFORMATION

DERIVATIVES AND HEDGING

See Note 16 for 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
	March 31, 2017				December 31, 2016
(in millions)		Assets		Liabilities		Assets		Liabilities
Derivatives accounted for as hedges
Interest rate contracts	$	2,818	$	161	$	3,106	$	210
Currency exchange contracts		108		360		402		624
Other contracts		-		-		-		-
		2,926		521		3,508		834
Derivatives not accounted for as hedges
Interest rate contracts		51		14		62		20
Currency exchange contracts		1,244		3,164		1,778		4,011
Other contracts		110		17		119		17
		1,406		3,195		1,958		4,048
Gross derivatives recognized in statement of
financial position
Gross derivatives		4,332		3,717		5,467		4,883
Gross accrued interest		330		(22)		768		(24)
		4,662		3,695		6,234		4,859
Amounts offset in statement of financial position
Netting adjustments(a)		(2,169)		(2,165)		(3,097)		(3,094)
Cash collateral(b)		(1,700)		(770)		(2,025)		(1,355)
		(3,869)		(2,935)		(5,121)		(4,449)
Net derivatives recognized in statement of
financial position
Net derivatives		793		760		1,113		410
Amounts not offset in statement of
financial position
Securities held as collateral(c)		(323)		-		(442)		-
Net amount	$	470	$	760	$	671	$	410

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 Statement of Financial Position.

(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 March 31, 2017 and December 31, 2016, the cumulative adjustment for non-performance risk was $(3) million and $(3) million, respectively.

(b) Excluded excess cash collateral received and posted of $151 million and $317 million at March 31, 2017, respectively, and $6 million and $177 million at December 31, 2016, respectively.

(c) Excluded excess securities collateral received of $35 millionand zero at March 31, 2017 and December 31, 2016, respectively.

CASH FLOW HEDGE ACTIVITY
					Gain (loss) reclassified
	Gain (loss) recognized in AOCI				from AOCI into earnings
	for the three months ended March 31				for the three months ended March 31
(In millions)	2017		2016		2017		2016
Interest rate contracts	$	(2)	$	19	$	(9)	$	(30)
Currency exchange contracts		22		(77)		8		(53)
Commodity contracts		2		1		-		(2)
Total(a)	$	22	$	(57)	$	(1)	$	(84)

(a) Gain (loss) is recorded in “GE Capital revenues from services”, “Interest and other financial charges”, and “Other costs and expenses” in our Statement of Earnings when reclassified.

The total pre-tax amount in AOCI related to cash flow hedges of forecasted transactions was a $66 million gain at March 31, 2017. We expect to transfer $40 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 three months ended2017 and 2016, 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 March 31, 2017 and 2016, the maximum term of derivative instruments that hedge forecasted transactions was 16 years and 17 years, respectively. See Note 13 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.

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Businesses Held For Sale and Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2017

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)	March 31, 2017		December 31, 2016
Assets
Current receivables(a)	$	687	$	366
Inventories		576		211
Property, plant, and equipment – net		1,002		632
Goodwill		1,290		212
Other intangible assets – net		238		123
Contract assets		192		125
Other		91		76
Assets of businesses held for sale	$	4,076	$	1,745
Liabilities
Accounts payable	$	367	$	190
Progress collections and price adjustments accrued		167		141
Other current liabilities		226		133
Non-current compensation and benefits		221		82
Other		164		110
Liabilities of businesses held for sale	$	1,144	$	656

(a) Included transactions in our industrial businesses that were made on an arms-length basis with GE Capital, consisting of GE customer receivables sold to GE Capital of $264 million and $117 million at March 31, 2017 and December 31, 2016, respectively. 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

(a) GE Capital’s total tax benefit (provision) for discontinued operations and disposals included current tax benefit (provision) of $(576)million and $(834) million for the three months ended March 31, 2017 and2016, respectively, including current U.S. Federal tax benefit (provision) of $(587) million and $(501) million for the three months ended March 31, 2017 and 2016, respectively, and deferred tax benefit (provision) of $560 million and $691 million for the three months ended March 31, 2017 and 2016, respectively.

(b) 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).

(c) Earnings (loss) from discontinued operations attributable to the Company, before income taxes, was $(223) million and $(166) million for the three months ended March 31, 2017 and 2016, respectively

(In millions)	March 31, 2017		December 31, 2016
Assets
Cash and equivalents	$	808	$	1,429
Investment securities		2,105		2,626
Deferred income taxes		988		487
Financing receivables held for sale		4,281		8,547
Valuation allowance on disposal group classified as discontinued operations		(79)		(726)
Other assets		1,682		2,453
Assets of discontinued operations	$	9,786	$	14,815
Liabilities
Accounts payable	$	122	$	164
Borrowings		-		2,076
Other liabilities		1,619		1,918
Liabilities of discontinued operations	$	1,741	$	4,158

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Investment Securities (Tables)

3 Months Ended

Mar. 31, 2017

Investments, Debt and Equity Securities [Abstract]

Investments

	March 31, 2017								December 31, 2016
			Gross		Gross						Gross		Gross
	Amortized		unrealized		unrealized		Estimated		Amortized		unrealized		unrealized		Estimated
(In millions)	cost		gains		losses		fair value (a)		cost		gains		losses		fair value (a)
Debt
U.S. corporate		20,197		3,165		(84)		23,279		20,049		3,081		(85)		23,046
Non-U.S. corporate		9,468		89		(22)		9,535		11,917		98		(27)		11,987
State and municipal		3,921		432		(80)		4,274		3,916		412		(92)		4,236
Mortgage and asset-backed		2,723		102		(28)		2,797		2,787		111		(37)		2,861
Government and agencies		1,744		86		(27)		1,803		1,842		160		(26)		1,976
Equity		167		95		(1)		262		154		55		(1)		208
Total		38,220		3,971		(242)		41,949		40,665		3,917		(269)		44,313

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		losses		fair value		losses
March 31, 2017
Debt
U.S. corporate	$	1,586	$	(57)	$	337	$	(26)
Non-U.S. corporate		5,020		(21)		14		(1)
State and municipal		480		(21)		161		(59)
Mortgage and asset-backed		830		(20)		92		(8)
Government and agencies		553		(27)		-		-
Equity		3		(1)		-		-
Total	$	8,472	$	(148)	$	605	$	(95)
December 31, 2016
Debt
U.S. corporate	$	1,692	$	(55)	$	359	$	(30)
Non-U.S. corporate		5,352		(26)		14		(1)
State and municipal		674		(27)		158		(64)
Mortgage and asset-backed		822		(21)		132		(16)
Government and agencies		549		(26)		-		-
Equity		9		(1)		-		-
Total	$	9,098	$	(157)	$	663	$	(111)

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	$	7,446	$	7,446
After one year through five years		5,029		5,215
After five years through ten years		5,134		5,556
After ten years		17,721		20,673

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Current Receivables (Tables)

3 Months Ended

Mar. 31, 2017

Current Receivables [Abstract]

Schedule Of Current Receivables [Table Text Block]

	Consolidated(a)(b)				GE(c)
(In millions)	March 31, 2017		December 31, 2016		March 31, 2017		December 31, 2016
Current receivables		22,560		24,935		13,525		13,562
Allowance for losses		(886)		(858)		(879)		(847)
Total	$	21,675	$	24,076	$	12,646	$	12,715

• Included GE industrial customer receivables sold to a GE Capital affiliate and recorded onGE Capital’s balance sheet of $9,965 million and $12,304 million at March 31, 2017 and December 31, 2016, respectively. The consolidated total included a deferred purchase price receivable of $415 million and $483 million at March 31, 2017 and December 31, 2016, respectively, related to our Receivables Facility.
• In order to manage the credit exposure, the Company sells additional current receivables to third parties outside the Receivables Facility, substantially all of which are serviced by the Company. The outstanding balance of these current receivables was $2,131 million and $3,821 million at March 31, 2017 and December 31, 2016, respectively. Of these balances, $905 million and $2,504 million was sold by GE to GE Capital prior to the sale to third parties at March 31, 2017 and December 31, 2016, respectively. At March 31, 2017 and December 31, 2016, our maximum exposure to loss under the limited recourse arrangements is $96 million and $215 million, respectively.
• GE current receivables balances at March 31, 2017 and December 31, 2016, before allowance for losses, included $8,465 million and $8,927 million, respectively, from sales of goods and services to customers. The remainder of the balances primarily relates to supplier advances, revenue sharing programs and other non-income based tax receivables.

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Inventories (Tables)

3 Months Ended

Mar. 31, 2017

Inventory, Net [Abstract]

Inventories

(In millions)	March 31, 2017		December 31, 2016
Raw materials and work in process	$	13,256	$	12,636
Finished goods		8,548		8,798
Unbilled shipments		442		536
		22,245		21,971
Revaluation to LIFO		456		383
Total inventories	$	22,701	$	22,354

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GE Capital Financing Receivables and Allowance for Losses on Financing Receivables (Tables)

3 Months Ended

Mar. 31, 2017

Financing Receivables And Allowance For Losses [Abstract]

Financing Receivables - Net

FINANCING RECEIVABLES – NET
(In millions)	March 31, 2017		December 31, 2016
Loans, net of deferred income	$	18,882	$	21,101
Investment in financing leases, net of deferred income		5,032		4,998
		23,914		26,099
Allowance for losses		(61)		(58)
Financing receivables – net	$	23,853	$	26,041

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Property, Plant and Equipment (Tables)

3 Months Ended

Mar. 31, 2017

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

(In millions)	March 31, 2017		December 31, 2016
Original cost	$	84,140	$	85,875
Less accumulated depreciation and amortization		(35,124)		(35,356)
Property, plant and equipment – net	$	49,016	$	50,518

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Acquisitions, Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2017

Acquisitions, Goodwill and Intangible Assets Disclosure [Abstract]

Changes in goodwill balance

CHANGES IN GOODWILL BALANCES
					Dispositions,
					currency
	Balance at				exchange		Balance at
(In millions)	January 1, 2017		Acquisitions		and other		March 31, 2017
Power	$	19,816	$	(6)	$	(14)	$	19,796
Renewable Energy		2,507		-		63		2,571
Oil & Gas		10,363		-		6		10,369
Aviation		9,455		10		114		9,578
Healthcare		17,424		37		(4)		17,457
Transportation		899		-		7		906
Energy Connections & Lighting		6,868		-		(1,046)		5,822
Capital		2,368		-		-		2,368
Corporate		739		689		19		1,446
Total	$	70,438	$	731	$	(856)	$	70,313

Intangible assets

OTHER INTANGIBLE ASSETS - NET
(In millions)	March 31, 2017		December 31, 2016
Intangible assets subject to amortization	$	16,417	$	16,336
Indefinite-lived intangible assets(a)		98		100
Total	$	16,515	$	16,436

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

Intangible assets subject to amortization

INTANGIBLE ASSETS SUBJECT TO AMORTIZATION
	March 31, 2017						December 31, 2016
	Gross						Gross
	carrying		Accumulated				carrying		Accumulated
(In millions)	amount		amortization		Net		amount		amortization		Net
Customer-related	$	9,238	$	(2,533)	$	6,706	$	9,172	$	(2,408)	$	6,764
Patents and technology		8,965		(3,383)		5,582		8,693		(3,325)		5,368
Capitalized software		7,654		(4,601)		3,053		7,652		(4,538)		3,114
Trademarks		1,175		(333)		842		1,165		(307)		858
Lease valuations		143		(64)		79		143		(59)		84
Present value of future profits(a)		693		(693)		-		684		(684)		-
All other		277		(123)		154		273		(124)		149
Total	$	28,145	$	(11,729)	$	16,417	$	27,781	$	(11,444)	$	16,336

(a) Balances at March 31, 2017 and December 31, 2016 reflect adjustments of $234 million and $241 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 net gains actually been realized.

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Contract Assets (Tables)

3 Months Ended

Mar. 31, 2017

Other Assets [Abstract]

Contract Assets

(In millions)		March 31, 2017		December 31, 2016
GE
Revenue in excess of billings
Long-term product service agreements(a)	$	14,194	$	12,752
Long-term equipment contract revenue(b)		6,190		5,859
Total revenue in excess of billings		20,384		18,611
Deferred inventory costs(c)		3,709		3,349
Non-recurring engineering costs(d)		2,253		2,185
Other		1,036		1,018
Contract assets	$	27,382	$	25,162

(a)Long-term product service agreement balances are presented net of related billings in excess of revenues of $3,171 million and $3,750 million at March 31, 2017 and December 31, 2016, respectively.

(b) Reflects revenues earned in excess of billings on our long-term contracts to construct technically complex equipment (such as gas power systems).

(c) Represents cost deferral for shipped goods (such as components for wind turbine assembly within our Renewable Energy segment) and other costs for which the criteria for revenue recognition has not yet been met.

(d) Included costs incurred prior to production (e.g., requisition engineering) for long-term equipment production contracts, primarily within our Aviation segment, which are allocated ratably to each unit produced.

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Borrowings (Tables)

3 Months Ended

Mar. 31, 2017

Debt Disclosure [Abstract]

Schedule of Debt [Table Text Block]

(In millions)	March 31, 2017		December 31, 2016
Short-term borrowings
GE
Commercial paper	$	2,000	$	1,500
Current portion of long-term borrowings		13,229		17,109
Other		1,631		1,874
Total GE short-term borrowings(a)		16,860		20,482
GE Capital
U.S. Commercial paper		5,017		5,002
Current portion of long-term borrowings(b)		7,186		6,517
Intercompany payable to GE(c)		9,110		11,696
Other		340		229
Total GE Capital short-term borrowings		21,654		23,443
Eliminations (c)		(10,190)		(13,212)
Total short-term borrowings	$	28,324	$	30,714
Long-term borrowings
GE
Senior notes	$	52,649	$	54,396
Subordinated notes		2,767		2,768
Subordinated debentures(e)		723		719
Other		1,002		928
Total GE long-term borrowings(a)		57,142		58,810
GE Capital
Senior notes		40,940		44,131
Subordinated notes		225		236
Intercompany payable to GE(d)		41,207		47,084
Other(b)		1,451		1,992
Total GE Capital long-term borrowings		83,824		93,443
Eliminations (d)		(41,292)		(47,173)
Total long-term borrowings	$	99,674	$	105,080
Non-recourse borrowings of consolidated securitization entities(f)	$	668	$	417
Total borrowings	$	128,667	$	136,210

• Excluding assumed debt of GE Capital, the total amount of GE borrowings was $23,685 million and $20,512 million at March 31, 2017 and December 31, 2016, respectively.
• Included $1,891million and $2,665million of funding secured by aircraft and other collateral at March 31, 2017 and December 31, 2016, respectively, of which $682million and $1,419million is non-recourse to GE Capital at March 31, 2017 and December 31, 2016, respectively.
• Included a reduction of zero and $1,329 million for short-term intercompany loans from GE Capital to GE at March 31, 2017 and December 31, 2016, respectively, which bear the right of offset against amounts owed under the assumed debt agreement.  Excluding intercompany loans, total short-term assumed debt was $9,110 million and $13,024 million at March 31, 2017 and December 31, 2016, respectively. The remaining short-term loan balance was paid in January 2017. 
• Included a reduction of $4,075 million and zero for long-term intercompany loans from GE Capital to GE at March 31, 2017 and December 31, 2016, respectively, which bear the right of offset against amounts owed under the assumed debt agreement. Excluding intercompany loans, total long-term assumed debt was $45,282 million and $47,084 million at March 31, 2017 and December 31, 2016, respectively. The $4,075 million of intercompany loans collectively have a weighted average interest rate of 3.6% and term of approximately 15 years.
• Comprises 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 $521 million and $320 million of current portion of long-term borrowings at March 31, 2017 and December 31, 2016, respectively. See Note 17.

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Postretirement Benefit Plans (Tables)

3 Months Ended

Mar. 31, 2017

Principal pension plans

Defined Benefit Plan Disclosure [Line Items]

Cost of pension plans

EFFECT ON OPERATIONS OF PENSION PLANS
	Principal pension plans
	Three months ended March 31
(In millions)		2017			2016
Service cost for benefits earned	$	289		$	315
Prior service cost amortization		73			76
Expected return on plan assets		(849)			(834)
Interest cost on benefit obligations		717			734
Net actuarial loss amortization		710			612
Curtailment loss		43	(a)		-
Pension plans cost	$	983		$	903

(a) Curtailment loss resulting from our intent to sell the Industrial Solutions business.

Other pension plans

Defined Benefit Plan Disclosure [Line Items]

Cost of pension plans

	Other pension plans
	Three months ended March 31
(In millions)		2017		2016
Service cost for benefits earned	$	151	$	113
Prior service credit amortization		(1)		(1)
Expected return on plan assets		(294)		(263)
Interest cost on benefit obligations		142		172
Net actuarial loss amortization		103		64
Pension plans cost	$	101	$	85

Principal retiree benefit plans

Defined Benefit Plan Disclosure [Line Items]

Cost of pension plans

	Other pension plans
	Three months ended March 31
(In millions)		2017		2016
Service cost for benefits earned	$	151	$	113
Prior service credit amortization		(1)		(1)
Expected return on plan assets		(294)		(263)
Interest cost on benefit obligations		142		172
Net actuarial loss amortization		103		64
Pension plans cost	$	101	$	85

Cost of benefit plans

(a) Curtailment loss resulting from our intent to sell the Industrial Solutions business.

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Income Taxes (Tables)

3 Months Ended

Mar. 31, 2017

Income Tax Disclosure [Abstract]

Unrecognized Tax Benefits

UNRECOGNIZED TAX BENEFITS
(In millions)	March 31, 2017		December 31, 2016
Unrecognized tax benefits	$	4,732	$	4,692
Portion that, if recognized, would reduce tax expense and effective tax rate(a)		2,872		2,886
Accrued interest on unrecognized tax benefits		645		615
Accrued penalties on unrecognized tax benefits		119		118
Reasonably possible reduction to the balance of unrecognized tax benefits
in succeeding 12 months		0-600		0-600
Portion that, if recognized, would reduce tax expense and effective tax rate(a)		0-500		0-500

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

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Shareowners' Equity (Tables)

3 Months Ended

Mar. 31, 2017

Stockholders' Equity Note [Abstract]

Accumulated other comprehensive income

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
	Three months ended March 31
(In millions)	2017		2016
Investment securities
Beginning balance	$	674	$	460
Other comprehensive income (loss) (OCI) before reclassifications –
net of deferred taxes of $13 and $81		18		159
Reclassifications from OCI – net of deferred taxes of $(36) and $40		(69)		60
Other comprehensive income (loss)(a)		(52)		220
Less OCI attributable to noncontrolling interests		-		-
Ending balance	$	622	$	680
Currency translation adjustments (CTA)
Beginning balance	$	(6,816)	$	(5,499)
OCI before reclassifications – net of deferred taxes of $(33) and $266		262		115
Reclassifications from OCI – net of deferred taxes of $(540) and $119		554		(114)
Other comprehensive income (loss)(a)		815		1
Less OCI attributable to noncontrolling interests		4		3
Ending balance	$	(6,004)	$	(5,500)
Cash flow hedges
Beginning balance	$	12	$	(80)
OCI before reclassifications – net of deferred taxes of $5 and $(8)		20		(25)
Reclassifications from OCI – net of deferred taxes of $1 and $5		-		79
Other comprehensive income (loss)(a)		20		55
Less OCI attributable to noncontrolling interests		-		-
Ending balance	$	32	$	(26)
Benefit plans
Beginning balance	$	(12,469)	$	(11,410)
Prior service credit (costs) - net of deferred taxes of $0 and $5		-		23
Net actuarial gain (loss) – net of deferred taxes of $101 and $22		476		68
Net curtailment/settlement - net of deferred taxes of $16 and $0		30		-
Prior service cost amortization – net of deferred taxes of $19 and $21		11		16
Net actuarial loss amortization – net of deferred taxes of $253 and $216		533		443
Other comprehensive income (loss)(a)		1,049		550
Less OCI attributable to noncontrolling interests		2		(1)
Ending balance	$	(11,421)	$	(10,859)
Accumulated other comprehensive income (loss) at March 31	$	(16,771)	$	(15,705)

(a) Total other comprehensive income (loss) was $1,833million and $826million in the three months endedMarch 31, 2017 and 2016, respectively.

Reclassification out of accumulated other comprehensive income

RECLASSIFICATION OUT OF AOCI
	Three months ended March 31
(In millions)	2017		2016		Statement of Earnings caption
Available-for-sale securities
Realized gains (losses) on
sale/impairment of securities	$	105	$	(100)	Total revenues and other income(a)
Income taxes		(36)		40	Benefit (provision) for income taxes(b)
Net of tax	$	69	$	(60)
Currency translation adjustments
Gains (losses) on dispositions	$	(14)	$	(6)	Total revenues and other income(c)
Income taxes		(540)		119	Benefit (provision) for income taxes(d)
Net of tax	$	(554)	$	114
Cash flow hedges
Gains (losses) on interest rate derivatives	$	(9)	$	(30)	Interest and other financial charges
Foreign exchange contracts		12		(41)	(e)
Other		(4)		(13)	(f)
Total before tax		(1)		(84)
Income taxes		1		5	Benefit (provision) for income taxes
Net of tax	$	-	$	(79)
Benefit plan items
Curtailment gain (loss)	$	(46)	$	-	(g)
Amortization of prior service costs		(30)		(37)	(g)
Amortization of actuarial gains (losses)		(786)		(659)	(g)
Total before tax		(862)		(696)
Income taxes		288		237	Benefit (provision) for income taxes
Net of tax	$	(574)	$	(459)
Total reclassification adjustments (net of tax)	$	(1,058)	$	(485)

• Included an insignificant amount and $(78) million for the three months ended March 31, 2017 and 2016, respectively in earnings (loss) from discontinued operations, net of taxes.
• Included an insignificant amountand $32 million for the three months ended March 31, 2017 and 2016, respectively in earnings (loss) from discontinued operations, net of taxes.
• Included $30million and $(5) for the three months ended March 31, 2017 and 2016, respectively in earnings (loss) from discontinued operations, net of taxes.
• Included $(540) million and $119 for the three months ended March 31, 2017 and 2016, respectively in earnings (loss) from discontinued operations, net of taxes.
• Included $25million and $(22) million in GE Capital revenues from services and $(12)million and $(19)million in interest and other financial charges in the three months endedMarch 31, 2017 and 2016, 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 11 for further information.

Changes to noncontrolling interests

CHANGES TO NONCONTROLLING INTERESTS
	Three months ended March 31
(In millions)		2017		2016
Beginning balance at January 1	$	1,663	$	1,864
Net earnings (loss)		5		(69)
Dividends		(9)		(7)
Dispositions		(13)		(42)
Other (including AOCI)(a)(b)		(7)		(79)
Ending balance at March 31	$	1,639	$	1,667

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

(b) 2016 included$(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, and prior to the July 1, 2016 sale of GEAM.

Redeemable noncontrolling interest

CHANGES TO REDEEMABLE NONCONTROLLING INTERESTS
	Three months ended March 31
(In millions)		2017		2016
Beginning balance at January 1	$	3,025	$	2,972
Net earnings (loss)		(81)		(53)
Dividends		(10)		(9)
Redemption value adjustment		73		32
Other		47		94
Ending balance at March 31(a)	$	3,054	$	3,036

(a) Included $2,760 and $2,928 million related to the Alstom joint ventures at March 31, 2017 and 2016, respectively.

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Earnings Per Share Information (Tables)

3 Months Ended

Mar. 31, 2017

Earnings Per Share [Abstract]

Calculation of earnings per share

	Three months ended March 31
	2017				2016
(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)	$	886	$	886	$	533	$	533
Preferred stock dividends		(34)		(34)		(289)		(289)
Earnings from continuing operations attributable to
common shareowners for per-share calculation(a)(b)	$	852	$	852	$	244	$	244
Earnings (loss) from discontinued operations
for per-share calculation(a)(b)		(243)		(243)		(311)		(311)
Net earnings attributable to GE common
shareowners for per-share calculation(a)(b)	$	613	$	613	$	(64)	$	(64)
Average equivalent shares
Shares of GE common stock outstanding		8,714		8,714		9,288		9,288
Employee compensation-related shares (including
stock options)		98		-		95		-
Total average equivalent shares		8,811		8,714		9,383		9,288
Per-share amounts
Earnings from continuing operations	$	0.10	$	0.10	$	0.03	$	0.03
Earnings (loss) from discontinued operations		(0.03)		(0.03)		(0.03)		(0.03)
Net earnings		0.07		0.07		(0.01)		(0.01)

• Our unvested restricted stock unit awards that contain non-forfeitable rights to dividends or dividend equivalents are considered participating securities. For the periods ended March 31, 2017and 2016, pursuant to the two-class method, as a result of the excess of dividends in respect to current period earnings, losses were not allocated to the participating securities.
• Included an insignificant amount of dividend equivalents in each of the periods presented.

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Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2017

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		(b)	adjustment		Net balance (c)
March 31, 2017
Assets
Investment securities	$	241		$	37,740		$	3,967		$	-	$	41,949
Derivatives		-			4,311			21			(3,869)		463
Total	$	241		$	42,051		$	3,988		$	(3,869)	$	42,412
Liabilities
Derivatives	$	-		$	3,713		$	4		$	(2,935)	$	782
Other(d)		-			1,179			-			-		1,179
Total	$	-		$	4,892		$	4		$	(2,935)	$	1,961
December 31, 2016
Assets
Investment securities	$	188		$	39,719		$	4,406		$	-	$	44,313
Derivatives		-			5,444			23			(5,121)		345
Total	$	188		$	45,163		$	4,429		$	(5,121)	$	44,658
Liabilities
Derivatives	$	-		$	4,880		$	2		$	(4,449)	$	434
Other(d)		-			1,143			-			-		1,143
Total	$	-		$	6,024		$	2		$	(4,449)	$	1,577

(a) There were no significant transfers between Level 1 and Level 2 for the three months ended March 31, 2017 and 2016.

(b)Includes debt securities classified within Level 3 of $3,407 million of U.S. corporate and $240 million of Non-U.S. corporate at March 31, 2017, and $3,399 million of U.S. corporate and $688 million of Non-U.S. corporate. securities at December 31, 2016.

(c)See Notes 3, 16 and 21 for additional information on the composition of our investment securities and derivative portfolios.

(d) 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 realized/			Net realized/
			unrealized		unrealized
			gains			gains
			(losses)			(losses)							Transfers		Transfers
	Balance at		included in			included							into		out of		Balance at
(In millions)	January 1		earnings(a)			in AOCI	Purchases(b)		Sales		Settlements		Level 3		Level 3		March 31
2017
Investment securities	$	4,406	$	9	$	6	$	92	$	-	$	(88)	$	11	$	(470)	$	3,967
Derivatives		21		1		(1)		(1)		-		(2)		-		(1)		17
Other		-		-		-		-		-		-		-		-		-
Total	$	4,427	$	10	$	5	$	91	$	-	$	(90)	$	12	$	(471)	$	3,985
2016
Investment securities	$	3,695	$	(12)	$	64	$	60	$	(5)	$	(9)	$	-	$	(15)	$	3,777
Derivatives		88		4		-		-		-		1		(11)		(1)		82
Other		259		-		-		-		-		-		-		(259)		-
Total	$	4,042	$	(8)	$	63	$	60	$	(5)	$	(8)	$	(11)	$	(275)	$	3,859

• Earnings effects are primarily included in the “GE Capital revenues from services” and “Interest and other financial charges” captions in the Statement of Earnings.
• Includes $91 million of U.S. corporate for the three months ended March 31, 2017.

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 the three months ended March 31, 2017					Remeasured during the year ended December 31, 2016
(In millions)	Level 2		Level 3		Level 2		Level 3
Financing receivables and financing receivables held for sale	$	-	$	-	$	-	$	30
Cost and equity method investments		-		-		-		103
Long-lived assets		-		358		17		1,055
Total	$	-	$	358	$	17	$	1,189

Fair value adjustments to assets measured on a non-recurring basis

	Three months ended March 31
(In millions)	2017		2016
Financing receivables and financing receivables held for sale	$	-	$	(23)
Cost and equity method investments		(9)		(115)
Long-lived assets		(35)		(58)
Total	$	(44)	$	(197)

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)
March 31, 2017
Recurring fair value measurements
Investment securities (b)	$	974	Income approach	Discount rate(a)	1.8%-24.2% (7.4%)
Non-recurring fair value measurements
Long-lived assets		57	Income approach	Discount rate(a)	2.5%-12.1% (6.5%)
December 31, 2016
Recurring fair value measurements
Investment securities (b)	$	830	Income approach	Discount rate(a)	1.4%-17.4% (7.9%)
Non-recurring fair value measurements
Financing receivables and
financing receivables held for sale	$	30	Income approach	Discount rate(a)	2.5%-30.0% (20.3%)
Cost and equity method investments		94	Income approach	Discount rate(a)	9.0%-30.0% (11.8%)
Long-lived assets		683	Income approach	Discount rate(a)	2.5%-20.0% (10.4%)

• 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.
• Comprises substantially all of U.S. corporate securities.

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Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2017

Summary Of Derivative Instruments [Abstract]

Estimated fair value of assets and liabilities

	March 31, 2017				December 31, 2016
	Carrying				Carrying
	amount		Estimated		amount		Estimated
(In millions)	(net)		fair value		(net)		fair value
GE
Assets
Investments and notes receivable	$	1,283	$	1,352	$	1,526	$	1,595
Liabilities
Borrowings(a)(b)		19,610		20,472		19,184		19,923
Borrowings (debt assumed)(a)(c)		54,392		61,307		60,109		66,998
GE Capital
Assets
Loans		18,837		18,833		21,060		20,830
Other commercial mortgages		1,420		1,493		1,410		1,472
Loans held for sale		740		740		473		473
Other financial instruments(d)		118		163		121		150
Liabilities
Borrowings(a)(e)(f)(g)		55,828		59,709		58,523		62,024
Investment contracts		2,724		3,164		2,813		3,277

(a)See Note 10.

(b) Included $187 million and $115 million of accrued interest in estimated fair value at March 31, 2017 and December 31, 2016, respectively.

(c) Included $599 million and $803 million of accrued interest in estimated fair value at March 31, 2017 and December 31, 2016, respectively.

(d)Principally comprises cost method investments.

(e)Fair values exclude interest rate and currency derivatives designated as hedges of borrowings. Had they been included, the fair value of borrowings at March 31, 2017 and December 31, 2016 would have been reduced by $2,309 million and $2,397 million, respectively.

(f) Included $611 million and $775 million of accrued interest in estimated fair value at March 31, 2017 and December 31, 2016, respectively.

(g) Excluded $50,317 million and $58,780 million of net intercompany payable to GE at March 31, 2017 and December 31, 2016respectively.

Loan commitments

NOTIONAL AMOUNTS OF LOAN COMMITMENTS
(In millions)	March 31, 2017		December 31, 2016
Ordinary course of business lending commitments(a)	$	956	$	687
Unused revolving credit lines		236		238

(a) Excluded investment commitments of $555 million and $522 million at March 31, 2017 and December 31, 2016, respectively.

Financial statements effects of cash flow hedges

FINANCIAL STATEMENT EFFECTS - CASH FLOW HEDGES
	Three months ended March 31
(In millions)	2017		2016
Balance sheet changes
Fair value of derivatives increase (decrease)	$	22	$	(56)
Shareowners' equity (increase) decrease		(22)		57
Earnings (loss) related to ineffectiveness		-		1
Earnings (loss) effect of derivatives(a)		(1)		(84)
(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 March 31
(In millions)	2017		2016
Balance sheet changes
Fair value of derivative increase (decrease)	$	(225)	$	1,723
Adjustment to carrying amount of hedged debt (increase) decrease		163		(1,754)
Earnings (loss) related to hedge ineffectiveness		(62)		(32)

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 March 31
(In millions)	2017		2016
Balance sheet changes
Fair value of derivatives increase (decrease)	$	(92)	$	329
Fair value of non-derivatives (increase) decrease		(471)		273
Shareowners' equity (increase) decrease		573		(569)
Earnings (loss) related to spot-forward differences and ineffectiveness		10		32
Earnings (loss) related to reclassification upon sale or liquidation(a)		60		(693)

(a) Included $60 million and $(693) million recorded in discontinued operations in the three months endedMarch 31, 2017 and 2016, 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 March 31
(In millions)	2017		2016
Balance sheet changes
Change in fair value of economic hedge increase (decrease)	$	(339)	$	(278)
Change in carrying amount of item being hedged increase (decrease)		224		87
Earnings (loss) effect of economic hedges(a)		(115)		(191)

(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)	March 31, 2017		December 31, 2016
Derivative assets	$	4,332	$	5,467
Derivative liabilities		(3,717)		(4,883)
Accrued interest		352		792
Cash collateral & credit valuation adjustment		(934)		(672)
Net Derivatives		33		703
Securities held as collateral		(323)		(442)
Net amount	$	(291)	$	262

Effects of derivatives on earnings

	Three months ended March 31
(In millions)		Effect on hedging instrument		Effect on underlying		Effect on earnings
2017
Cash flow hedges	$	22	$	(22)	$	-
Fair value hedges		(225)		163		(62)
Net investment hedges(a)		(563)		573		10
Economic hedges(b)		(339)		224		(115)
Total					$	(167)

2016
Cash flow hedges	$	(56)	$	57	$	1
Fair value hedges		1,723		(1,754)		(32)
Net investment hedges(a)		602		(569)		32
Economic hedges(b)		(278)		87		(191)
Total					$	(190)

(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)

3 Months Ended

Mar. 31, 2017

Variable Interest Entities [Abstract]

Schedule of VIE

ASSETS AND LIABILITIES OF CONSOLIDATED VIEs
				GE Capital
					Customer
(In millions)	GE		Notes receivables(a)				Other	Total
March 31, 2017
Assets
Financing receivables, net	$	-		$	-	$	948	$	948
Current receivables		63			554		-		617
Investment securities		-			-		976		976
Other assets		477			1,145		1,530		3,152
Total	$	540		$	1,699	$	3,454	$	5,693
Liabilities
Borrowings	$	-		$	-	$	754	$	754
Non-recourse borrowings		-			652		16		668
Other liabilities		449			1,022		1,790		3,261
Total	$	449		$	1,674	$	2,560	$	4,683
December 31, 2016
Assets
Financing receivables, net	$	-		$	-	$	1,035	$	1,035
Current receivables		57			670		-		727
Investment securities		-			-		982		982
Other assets		492			1,122		1,747		3,361
Total	$	549		$	1,792	$	3,764	$	6,105
Liabilities
Borrowings	$	1		$	-	$	818	$	819
Non-recourse borrowings		-			401		16		417
Other liabilities		457			1,378		1,482		3,317
Total	$	458		$	1,779	$	2,316	$	4,553

(a) Two funding vehicles established to purchase customer notes receivable from GE, one of which is partially funded by third-party debt.

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Commitments, Guarantees, Product Warranties and Other Loss Contingencies (Tables)

3 Months Ended

Mar. 31, 2017

Commitments, Guarantees and Product Warranties [Abstract]

Schedule Of Product Warranty Liability [Table Text Block]

		Three months ended March 31
(In millions)		2017		2016
Balance at January 1	$	1,920	$	1,723
Current-year provisions		158		167
Expenditures		(211)		(179)
Other changes		17		53
Balance at March 31	$	1,884	$	1,764

Rollfoward of WMC's reserve and pending claims for WMC representation and warranty obligations

ROLLFORWARD OF THE RESERVE
	Three months ended March 31
(In millions)		2017		2016
Balance, beginning of period	$	626	$	875
Provision		-		57
Claim resolutions / rescissions		-		(99)
Balance, end of period	$	626	$	833

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Intercompany Transactions (Tables)

3 Months Ended

Mar. 31, 2017

Intercompany Transactions [Abstract]

Intercompany Transactions

	Three months ended March 31
(In millions)	2017		2016
Cash from (used for) operating activities-continuing operations
Combined	$	489	$	7,551
GE current receivables sold to GE Capital		2,182		886
GE Capital dividends to GE		(2,000)		(7,500)
Other reclassifications and eliminations(a)		297		960
Total cash from (used for) operating activities-continuing operations	$	967	$	1,897
Cash from (used for) investing activities-continuing operations
Combined	$	4,979	$	26,515
GE current receivables sold to GE Capital		(2,471)		(888)
GE Capital long-term loans to GE		4,075		-
GE Capital short-term loan to GE		(1,329)		-
Other reclassifications and eliminations(a)		(734)		(955)
Total cash from (used for) investing activities-continuing operations	$	4,520	$	24,672
Cash from (used for) financing activities-continuing operations
Combined	$	(12,166)	$	(29,504)
GE current receivables sold to GE Capital		289		2
GE Capital dividends to GE		2,000		7,500
GE Capital long-term loans to GE		(4,075)		-
GE Capital short-term loan to GE		1,329		-
Other reclassifications and eliminations(a)		438		(5)
Total cash from (used for) financing activities-continuing operations	$	(12,185)	$	(22,007)

(a)Includes eliminations of other cash flows activities including those related to GE Capital enabled GE industrial orders, various investments, loans and allocations of GE corporate overhead costs.

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Guarantor Financial Information (Tables) - Guarantor

3 Months Ended

Mar. 31, 2017

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 MARCH 31, 2017 (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	$	8,792	$	-	$	-	$	36,090	$	(19,654)	$	25,228
Other income		54		-		-		4,620		(4,507)		168
Equity in earnings (loss) of affiliates		2,444		-		242		36,682		(39,368)		-
GE Capital revenues from services		-		156		186		2,270		(347)		2,264
Total revenues and other income		11,289		156		428		79,662		(63,875)		27,660
Costs and expenses
Interest and other financial charges		910		150		455		1,082		(1,457)		1,139
Investment contracts, insurance losses and		-		-		-		636		(2)		634
insurance annuity benefits
Other costs and expenses		9,629		-		13		35,305		(19,892)		25,055
Total costs and expenses		10,539		150		468		37,023		(21,351)		26,829
Earnings (loss) from continuing		751		6		(40)		42,640		(42,525)		832
operations before income taxes
Benefit (provision) for income taxes		144		(1)		115		(469)		195		(16)
Earnings (loss) from continuing operations		895		5		74		42,171		(42,330)		816
Earnings (loss) from discontinued
operations, net of taxes		(242)		-		283		1		(280)		(239)
Net earnings (loss)		653		5		357		42,172		(42,610)		577
Less net earnings (loss) attributable to
noncontrolling interests		-		-		-		(48)		(28)		(76)
Net earnings (loss) attributable to
the Company		653		5		357		42,220		(42,582)		653
Other comprehensive income (loss)		1,827		-		617		(1,457)		840		1,827
Comprehensive income (loss) attributable
to the Company	$	2,479	$	5	$	974	$	40,763	$	(41,742)	$	2,479

CONDENSED CONSOLIDATING STATEMENT OF EARNINGS (LOSS) AND COMPREHENSIVE INCOME (LOSS)
FOR THE THREE MONTHS ENDED MARCH 31, 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	$	10,013	$	-	$	-	$	33,759	$	(18,458)	$	25,314
Other income		226		-		-		3,441		(3,659)		9
Equity in earnings (loss) of affiliates		908		-		669		13,623		(15,200)		-
GE Capital revenues from services		-		396		297		4,585		(2,756)		2,522
Total revenues and other income		11,146		396		967		55,407		(40,072)		27,845
Costs and expenses
Interest and other financial charges		811		373		931		1,759		(2,137)		1,736
Investment contracts, insurance losses and		-		-		-		672		(30)		642
insurance annuity benefits
Other costs and expenses		10,455		-		36		35,166		(20,429)		25,228
Total costs and expenses		11,266		373		968		37,597		(22,597)		27,606
Earnings (loss) from continuing		(120)		24		(1)		17,811		(17,475)		238
operations before income taxes
Benefit (provision) for income taxes		619		(3)		(3)		(485)		49		177
Earnings (loss) from continuing operations		499		21		(4)		17,325		(17,425)		415
Earnings (loss) from discontinued
operations, net of taxes		(308)		-		(475)		(426)		901		(308)
Net earnings (loss)		191		21		(479)		16,899		(16,524)		107
Less net earnings (loss) attributable to
noncontrolling interests		-		-		-		(26)		(96)		(121)
Net earnings (loss) attributable to
the Company		191		21		(479)		16,925		(16,429)		228
Other comprehensive income (loss)		824		(12)		(182)		268		(74)		824
Comprehensive income (loss) attributable
to the Company	$	1,015	$	9	$	(662)	$	17,193	$	(16,502)	$	1,052

Schedule Of Condensed Balance Sheet [Table Text Block]

CONDENSED CONSOLIDATING STATEMENT OF FINANCIAL POSITION
MARCH 31, 2017 (UNAUDITED)
		Parent						Non-
		Company		Subsidiary		Subsidiary		Guarantor		Consolidating
(In millions)		Guarantor		Issuer		Guarantor		Subsidiaries		Adjustments	Consolidated
Assets
Cash and equivalents	$	628	$	-	$	3	$	41,718	$	(786)	$	41,564
Investment securities		1		-		-		44,414		(2,466)		41,949
Receivables - net		56,401		17,374		30,656		73,347		(138,057)		39,721
Inventories		4,995		-		-		21,820		(4,114)		22,701
Property, plant and equipment - net		5,885		-		-		45,148		(2,017)		49,016
Investment in subsidiaries(a)		277,214		-		80,038		499,436		(856,687)		-
Goodwill and intangible assets		8,238		-		-		46,386		32,204		86,828
All other assets		14,413		44		38		196,989		(151,405)		60,079
Assets of discontinued operations		-		-		-		-		9,786		9,786
Total assets	$	367,777	$	17,419	$	110,734	$	969,258	$	(1,113,544)	$	351,643
Liabilities and equity
Short-term borrowings	$	164,741	$	-	$	45,341	$	23,469	$	(205,226)	$	28,324
Accounts payable		2,335		-		-		48,182		(36,819)		13,698
Other current liabilities		11,920		34		3		23,802		30		35,789
Long-term and non-recourse borrowings		70,390		16,418		34,330		54,840		(75,636)		100,342
All other liabilities		43,857		790		513		54,799		(7,438)		92,522
Liabilities of discontinued operations		-		-		-		-		1,741		1,741
Total Liabilities		293,242		17,242		80,186		205,092		(323,347)		272,416
Redeemable noncontrolling interests		-		-		-		2,282		772		3,054
GE shareowners' equity		74,534		177		30,547		760,205		(790,929)		74,534
Noncontrolling interests		-		-		-		1,678		(39)		1,639
Total equity		74,534		177		30,547		761,883		(790,968)		76,173
Total liabilities, redeemable
noncontrolling interests and equity	$	367,777	$	17,419	$	110,734	$	969,258	$	(1,113,544)	$	351,643

(a) Included within the subsidiaries of the Subsidiary Guarantor are cash and cash equivalent balances of $27,108 million and net assets of discontinued operations of $4,042 million.

CONDENSED CONSOLIDATING STATEMENT OF FINANCIAL POSITION
DECEMBER 31, 2016
		Parent						Non-
		Company		Subsidiary		Subsidiary		Guarantor		Consolidating
(In millions)		Guarantor		Issuer		Guarantor		Subsidiaries		Adjustments	Consolidated
Assets
Cash and equivalents	$	2,558	$	-	$	3	$	46,994	$	(1,426)	$	48,129
Investment securities		1		-		-		47,394		(3,082)		44,313
Receivables - net		63,620		17,157		30,470		79,401		(148,385)		42,263
Inventories		4,654		-		-		21,076		(3,377)		22,354
Property, plant and equipment - net		5,768		-		-		46,366		(1,615)		50,518
Investment in subsidiaries(a)		272,685		-		80,481		492,674		(845,840)		-
Goodwill and intangible assets		8,128		-		-		42,074		36,673		86,875
All other assets		14,692		44		39		201,276		(160,134)		55,917
Assets of discontinued operations		-		-		-		-		14,815		14,815
Total assets	$	372,107	$	17,202	$	110,992	$	977,255	$	(1,112,372)	$	365,183
Liabilities and equity
Short-term borrowings	$	167,089	$	1	$	46,432	$	25,919	$	(208,727)	$	30,714
Accounts payable		5,412		-		-		47,366		(38,343)		14,435
Other current liabilities		11,072		33		117		25,095		114		36,431
Long-term and non-recourse borrowings		68,983		16,486		34,389		68,912		(83,273)		105,496
All other liabilities		43,722		511		481		58,376		(9,656)		93,434
Liabilities of discontinued operations		-		-		-		-		4,158		4,158
Total Liabilities		296,279		17,030		81,419		225,667		(335,727)		284,668
Redeemable noncontrolling interests		-		-		-		2,223		802		3,025
GE shareowners' equity		75,828		171		29,573		747,719		(777,463)		75,828
Noncontrolling interests		-		-		-		1,647		16		1,663
Total equity		75,828		171		29,573		749,366		(777,447)		77,491
Total liabilities, redeemable
noncontrolling interests and equity	$	372,107	$	17,202	$	110,992	$	977,255	$	(1,112,372)	$	365,183

(a) Included within the subsidiaries of the Subsidiary Guarantor are cash and cash equivalent balances of $28,516million and net assets of discontinued operations of $6,012million.

Schedule Of Condensed Cash Flow Statement [Table Text Block]

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
THREE MONTHS ENDED MARCH 31, 2017 (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	$	(9,060)	$	13	$	628	$	76,854	$	(67,468)	$	967
Cash from (used for) operating activities -
discontinued operations		(242)		-		-		(419)		3		(658)
Cash from (used for) operating activities		(9,302)		13		628		76,435		(67,465)		309
Cash flows – investing activities
Cash from (used for) investing activities –
continuing operations		3,660		(13)		584		(69,441)		69,730		4,520
Cash from (used for) investing activities –
discontinued operations		-		-		-		(1,871)		-		(1,871)
Cash from (used for) investing activities		3,660		(13)		584		(71,312)		69,730		2,649
Cash flows – financing activities
Cash from (used for) financing activities –
continuing operations		3,713		-		(1,212)		(13,062)		(1,624)		(12,185)
Cash from (used for) financing activities –
discontinued operations		-		-		-		1,907		-		1,907
Cash from (used for) financing activities		3,713		-		(1,212)		(11,155)		(1,624)		(10,278)
Effect of currency exchange rate changes
on cash and equivalents		-		-		-		133		-		133
Increase (decrease) in cash and equivalents		(1,930)		-		-		(5,897)		640		(7,187)
Cash and equivalents at beginning of year		2,558		-		3		48,423		(1,426)		49,558
Cash and equivalents at March 31		628		-		3		42,527		(786)		42,372
Less cash and equivalents of discontinued
operations at March 31		-		-		-		808		-		808
Cash and equivalents of continuing operations
at March 31	$	628	$	-	$	3	$	41,718	$	(786)	$	41,564

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
THREE MONTHS ENDED MARCH 31, 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	$	(18,151)	$	352	$	(924)	$	(17,005)	$	37,625	$	1,897
Cash from (used for) operating activities -
discontinued operations		(308)		-		682		(1,370)		(256)		(1,252)
Cash from (used for) operating activities		(18,459)		352		(242)		(18,376)		37,369		644
Cash flows – investing activities
Cash from (used for) investing activities –
continuing operations		12,177		(517)		1,192		76,560		(64,741)		24,672
Cash from (used for) investing activities –
discontinued operations		-		-		-		7,112		-		7,112
Cash from (used for) investing activities		12,177		(517)		1,192		83,672		(64,741)		31,783
Cash flows – financing activities
Cash from (used for) financing activities –
continuing operations		4,866		165		(944)		(47,916)		21,823		(22,007)
Cash from (used for) financing activities –
discontinued operations		-		-		-		(112)		-		(112)
Cash from (used for) financing activities		4,866		165		(944)		(48,028)		21,823		(22,119)
Effect of currency exchange rate changes
on cash and equivalents		-		-		-		31		-		31
Increase (decrease) in cash and equivalents		(1,416)		-		6		17,300		(5,550)		10,340
Cash and equivalents at beginning of year		4,137		-		-		107,350		(20,609)		90,878
Cash and equivalents at March 31		2,721		-		6		124,649		(26,158)		101,217
Less cash and equivalents of discontinued
operations at March 31		-		-		-		26,143		-		26,143
Cash and equivalents of continuing operations
at March 31	$	2,721	$	-	$	6	$	98,506	$	(26,158)	$	75,075

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Supplemental Information (Cash Flows) (Tables)

3 Months Ended

Mar. 31, 2017

Supplemental Cash Flows Information [Abstract]

Cash Flows Information

		Three months ended March 31
(In millions)		2017		2016
GE
All other operating activities
(Gains) losses on purchases and sales of business interests	$	(2)	$	(59)
Contract assets (net)(a)		(1,894)		(722)
Income taxes(b)		(415)		(635)
Interest charges(c)		198		116
Principal pension plans(d)		929		853
Other		(485)		(56)
	$	(1,669)	$	(502)
Net dispositions (purchases) of GE shares for treasury
Open market purchases under share repurchase program(e)	$	(1,888)	$	(6,412)
Other purchases		-		(309)
Dispositions		309		394
	$	(1,578)	$	(6,326)

(a) Contract assets are presented net of related billings in excess of revenues on our long-term product service agreements. See Note 9.

(b) Reflected the effects of current tax expense (benefit) of $259 million and $(65) million and net cash paid during the year for income taxes of $(674) million and $(570) million for the three months ended March 31, 2017 and 2016, respectively. Cash flows effects of deferred tax provisions (benefits) are shown separately within cash flows from operating activities.

(c)Reflected the effects of interest expense of $564 million and $440 million and cash paid for interest of $(368) million and $(325) million for the three months ended March 31, 2017 and 2016, respectively.

(d) Reflected the effects of pension costs of $983 million and $903 million and employer contributions of $(54) million and $(50) million for the three months ended March 31, 2017 and 2016, respectively. See Note 11.

(e) Included $(2,000) million paid under ASR agreements in the three months ended March 31, 2016.

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Supplemental Information (Derivatives) (Tables)

3 Months Ended

Mar. 31, 2017

Summary Of Derivative Instruments [Abstract]

Fair value of derivatives

FAIR VALUE OF DERIVATIVES
	March 31, 2017				December 31, 2016
(in millions)		Assets		Liabilities		Assets		Liabilities
Derivatives accounted for as hedges
Interest rate contracts	$	2,818	$	161	$	3,106	$	210
Currency exchange contracts		108		360		402		624
Other contracts		-		-		-		-
		2,926		521		3,508		834
Derivatives not accounted for as hedges
Interest rate contracts		51		14		62		20
Currency exchange contracts		1,244		3,164		1,778		4,011
Other contracts		110		17		119		17
		1,406		3,195		1,958		4,048
Gross derivatives recognized in statement of
financial position
Gross derivatives		4,332		3,717		5,467		4,883
Gross accrued interest		330		(22)		768		(24)
		4,662		3,695		6,234		4,859
Amounts offset in statement of financial position
Netting adjustments(a)		(2,169)		(2,165)		(3,097)		(3,094)
Cash collateral(b)		(1,700)		(770)		(2,025)		(1,355)
		(3,869)		(2,935)		(5,121)		(4,449)
Net derivatives recognized in statement of
financial position
Net derivatives		793		760		1,113		410
Amounts not offset in statement of
financial position
Securities held as collateral(c)		(323)		-		(442)		-
Net amount	$	470	$	760	$	671	$	410

(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 March 31, 2017 and December 31, 2016, the cumulative adjustment for non-performance risk was $(3) million and $(3) million, respectively.

(b) Excluded excess cash collateral received and posted of $151 million and $317 million at March 31, 2017, respectively, and $6 million and $177 million at December 31, 2016, respectively.

(c) Excluded excess securities collateral received of $35 millionand zero at March 31, 2017 and December 31, 2016, 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 March 31				for the three months ended March 31
(In millions)	2017		2016		2017		2016
Interest rate contracts	$	(2)	$	19	$	(9)	$	(30)
Currency exchange contracts		22		(77)		8		(53)
Commodity contracts		2		1		-		(2)
Total(a)	$	22	$	(57)	$	(1)	$	(84)

(a) Gain (loss) is recorded in “GE Capital revenues from services”, “Interest and other financial charges”, and “Other costs and expenses” in our Statement of Earnings when reclassified.

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Operating Segment Table - MDA (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Segment Reporting Information [Line Items]
Total revenues and other income	$ 27,660	$ 27,845
Interest and other financial charges	(1,139)	(1,736)
Benefit (provision) for income taxes	(16)	177
Earnings (loss) from continuing operations attributable to GE common shareowners	858	248
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations	0	0
Earnings (loss) from discontinued operations, net of taxes	(239)	308
Net Income (Loss) Available to Common Stockholders, Basic	$ 619	(61)
Variance in revenues	(1.00%)
Variance earnings loss continued operations fav unfav	F
Variance net earnings loss attributable to company fav unfav	F
Variance in earnings from discontinued operations net of tax and noncontrolling interest	23.00%
Variance net earnings (loss) attributable to noncontrolling interest	0.00%
GE
Segment Reporting Information [Line Items]
Total revenues and other income	$ 25,481	24,607
Interest and other financial charges	(564)	(440)
Benefit (provision) for income taxes	(143)	(164)
Earnings (loss) from continuing operations attributable to GE common shareowners	858	248
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations	0	0
Earnings (loss) from discontinued operations, net of taxes	(239)	(309)
Net Income (Loss) Available to Common Stockholders, Basic	619	(61)
Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenues and other income	27,660	27,845
Operating Segments [Member] | GE
Segment Reporting Information [Line Items]
Total revenues and other income	28,697	28,754
Operating Income (Loss)	3,575	2,422
Interest and other financial charges	(564)	(440)
Benefit (provision) for income taxes	143	164
Earnings (loss) from continuing operations attributable to GE common shareowners	858	248
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations	0	0
Earnings (loss) from discontinued operations, net of taxes	(239)	(309)
Net Income (Loss) Available to Common Stockholders, Basic	$ 619	(61)
Variance in revenues	0.00%
Variance in segment profit	48.00%
Power | Operating Segments [Member] | GE
Segment Reporting Information [Line Items]
Total revenues and other income	$ 6,089	5,204
Operating Income (Loss)	$ 797	573
Variance in revenues	17.00%
Variance in segment profit	39.00%
Renewable Energy | Operating Segments [Member] | GE
Segment Reporting Information [Line Items]
Total revenues and other income	$ 2,044	1,669
Operating Income (Loss)	$ 107	83
Variance in revenues	22.00%
Variance in segment profit	29.00%
Oil & Gas | Operating Segments [Member] | GE
Segment Reporting Information [Line Items]
Total revenues and other income	$ 3,001	3,314
Operating Income (Loss)	$ 207	308
Variance in revenues	(9.00%)
Variance in segment profit	(33.00%)
Aviation | Operating Segments [Member] | GE
Segment Reporting Information [Line Items]
Total revenues and other income	$ 6,804	6,262
Operating Income (Loss)	$ 1,684	1,524
Variance in revenues	9.00%
Variance in segment profit	10.00%
Healthcare | Operating Segments [Member] | GE
Segment Reporting Information [Line Items]
Total revenues and other income	$ 4,291	4,183
Operating Income (Loss)	$ 643	631
Variance in revenues	3.00%
Variance in segment profit	2.00%
Transporation | Operating Segments [Member] | GE
Segment Reporting Information [Line Items]
Total revenues and other income	$ 1,039	981
Operating Income (Loss)	$ 156	164
Variance in revenues	6.00%
Variance in segment profit	(5.00%)
Energy Connections & Lighting | Operating Segments [Member] | GE
Segment Reporting Information [Line Items]
Total revenues and other income	$ 2,747	4,256
Operating Income (Loss)	$ 28	31
Variance in revenues	(35.00%)
Variance in segment profit	(10.00%)
GE Industrial | Operating Segments [Member] | GE
Segment Reporting Information [Line Items]
Total revenues and other income	$ 26,016	25,869
Operating Income (Loss)	$ 3,622	3,314
Variance in revenues	1.00%
Variance in segment profit	9.00%
Capital | Operating Segments [Member] | GE
Segment Reporting Information [Line Items]
Total revenues and other income	$ 2,681	2,885
Operating Income (Loss)	$ (47)	(892)
Variance in revenues	(7.00%)
Corporate | Eliminations
Segment Reporting Information [Line Items]
Total revenues and other income	$ (1,037)	(909)
Operating Income (Loss)	$ (2,009)	$ (1,571)

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Summary of Significant Accounting Policies (Accounting Policies) (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015
Accounting Change [Line Items]
Provision for income taxes	$ 16	$ (177)
Variable Interest Entity Nonconsolidated Carrying Amount Assets And Liabilities Net			$ 6,110
Net Assets And Noncontrolling Interest Decreases From Deconsolidation				$ 123
Deferred Compensation, Share-based Payments [Members]
Accounting Change [Line Items]
Provision for income taxes	(41)		(97)
Excess Tax Benefit From Share Based Compensation Operating Activities	(59)		(137)
Excess Tax Benefit From Share Based Compensation Financing Activities	$ (59)		$ (137)

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Businesses Held for Sale and Discontinued Operations (Assets and Liabilities of Businesses Held for Sale) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Assets
Current receivables	$ 21,675		$ 24,076
Contract asset			25,162
Assets of businesses held for sale	9,786		14,815
Liabilities
Progress collections and price adjustments accrued	16,583		16,760
Non-current compensation and benefits	43,035		43,780
Liabilities of businesses held for sale	1,741		4,158
Additional disclosures
Proceeds from sale of business	81	$ 39
Preferred stock, value, issued	6		6
Held for sale
Assets
Current receivables	687		366
Inventories	576		211
Property, plant and equipment - net	1,002		632
Goodwill	1,290		212
Other Intangible Assets - Net	238		123
Contract asset	192		125
Other	91		76
Assets of businesses held for sale	4,076		1,745
Liabilities
Accounts payable(a)	367		190
Progress collections and price adjustments accrued	167		141
Other current liabilities	226		133
Non-current compensation and benefits	221		82
Other	164		110
Liabilities of businesses held for sale	1,144		656
Held for sale | Water
Assets
Assets of businesses held for sale	1,651
Liabilities
Liabilities of businesses held for sale	634
Additional disclosures
Consideration received for sale of business	3,415
Held for sale | Industrial Solutions
Assets
Assets of businesses held for sale	2,160
Liabilities
Liabilities of businesses held for sale	510
Held for sale | WCS
Additional disclosures
Customer receivables	$ 264		$ 117

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Businesses Held for Sale and Discontinued Operations (Discontinued Operations) (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Disposal
Earnings (loss) from discontinued operations, net of taxes	$ (239,000)	$ 308,000
Assets
Cash and cash equivalents	808,000		$ 1,429,000
Assets of discontinued operations	9,786,000		14,815,000
Liabilities
Liabilities of discontinued operations	1,741,000		4,158,000
Additional information abstract
Other Liabilities	22,041,000		22,912,000
Guarantees [Member]
Additional information abstract
Other Commitment	2,550,000
Other Liabilities	297,000
Discontinued operations
Operations
Total revenues and other income (loss)	79,000	1,292,000
Earnings (loss) from discontinued operations before income taxes, attributable to the company	(196,000)	80,000
Benefit (provision) for income taxes	62,000	12,000
Earnings (Loss) from Discontinued Operations, Net of Taxes	(134,000)	92,000
Disposal
Gain (loss) on disposal before income taxes	(27,000)	(246,000)
Benefit (provision) for income taxes	(78,000)	(155,000)
Gain (loss) on disposal, net of taxes	(105,000)	(400,000)
Earnings (loss) from discontinued operations, net of taxes	(239,000)	$ (308,000)
Assets
Cash and cash equivalents	808,000		1,429,000
Investment securities	2,105,000		2,626,000
Other receivables	0		0
Property, plant and equipment - net	0		0
Goodwill	988,000		487,000
Other Intangible Assets - Net	4,281,000		8,547,000
Deferred income taxes	(78,850)		(726,000)
Financing receivables held for sale	1,682,450		2,453,000
Assets of discontinued operations	9,786,000		14,815,000
Liabilities
Short-term borrowings	122,000		164,000
Accounts payable	0		2,076,000
All other liabilities	1,619,400		1,918,000
Liabilities of discontinued operations	$ 1,741,400		4,158,000
Discontinued operations | GE Capital Exit Plan
Operations
Earnings (loss) from discontinued operations before income taxes, attributable to the company			$ (223,000)	$ (166,000)	$ 6,472,000

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Businesses Held for Sale and Discontinued Operations (Discontinued Operations by Business) (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Operations
Provision for losses on financing receivables	$ 276	$ (632)
Investment Contracts Insurance Losses And Insurance Annuity Benefits	634	642
Other costs and expenses	190	259
Disposal
Earnings (loss) from discontinued operations, net of taxes	(239)	308
Additional disclosures
Deferred income taxes	(29)	(158)
GE Capital
Operations
Investment Contracts Insurance Losses And Insurance Annuity Benefits	636	671
Other costs and expenses	214	268
Disposal
Earnings (loss) from discontinued operations, net of taxes	(242)	(308)
Additional disclosures
Deferred income taxes	87	(387)
Discontinued operations
Operations
Revenues and other income (loss)	79	1,292
Earnings (loss) from discontinued operations before income taxes, attributable to the company	(196)	80
Benefit (provision) for income taxes	62	12
Earnings (loss) from discontinued operations, net of taxes	(134)	92
Disposal
Gain (loss) on disposal before income taxes	(27)	(246)
Benefit (provision) for income taxes	(78)	(155)
Gain (loss) on disposal, net of taxes	(105)	(400)
Earnings (loss) from discontinued operations, net of taxes	$ (239)	$ (308)
Discontinued operations | GE Capital Exit Plan [Member]
Operations
Earnings (loss) from discontinued operations before income taxes, attributable to the company			$ (223)	$ (166)	$ 6,472
Discontinued operations | GE Capital
Additional disclosures
Current tax benefit (provision)			(576)	(834)	(925)
Deferred income taxes			(587)	(501)	80
U.S Federal current tax benefit (provision)			$ 560	$ 691	$ 154

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Investment Securities (Investment) (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Investments	$ 41,949	$ 44,313
GE
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	38,220	40,665
Gross unrealized gains	3,971	3,917
Gross unrealized losses	(242)	(269)
Estimated fair value	41,949	44,313
Investments	200	137
GE | U.S. Corporate
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	20,197	20,049
Gross unrealized gains	3,165	3,081
Gross unrealized losses	(84)	(85)
Estimated fair value	23,279	23,046
GE | Non-U.S. Corporate
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	9,468	11,917
Gross unrealized gains	89	98
Gross unrealized losses	(22)	(27)
Estimated fair value	9,535	11,987
GE | State and Municipal
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	3,921	3,916
Gross unrealized gains	432	412
Gross unrealized losses	(80)	(92)
Estimated fair value	4,274	4,236
GE | Mortgage and Asset-backed
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	2,723	2,787
Gross unrealized gains	102	111
Gross unrealized losses	(28)	(37)
Estimated fair value	2,797	2,861
GE | Government and Agencies
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	1,744	1,842
Gross unrealized gains	86	160
Gross unrealized losses	(27)	(26)
Estimated fair value	1,803	1,976
GE | Available-for-sale Securities
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	167	154
Gross unrealized gains	95	55
Gross unrealized losses	(1)	(1)
Estimated fair value	$ 262	$ 208

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Investment Securities (Investments, by type and length in continuous loss position) (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Available-for-sale Securities Estimated Fair Value And Gross Unrealized Losses [Abstract]
Estimated fair value, less than 12 months	$ 8,472	$ 9,098
Gross unrealized losses, less than 12 months	(148)	(157)
Estimated fair value, 12 months or more	605	663
Gross unrealized losses, 12 months or more	(95)	(111)
U.S. Corporate
Available-for-sale Securities Estimated Fair Value And Gross Unrealized Losses [Abstract]
Estimated fair value, less than 12 months	1,586	1,692
Gross unrealized losses, less than 12 months	(57)	(55)
Estimated fair value, 12 months or more	337	359
Gross unrealized losses, 12 months or more	(26)	(30)
Non-U.S. Corporate
Available-for-sale Securities Estimated Fair Value And Gross Unrealized Losses [Abstract]
Estimated fair value, less than 12 months	5,020	5,352
Gross unrealized losses, less than 12 months	(21)	(26)
Estimated fair value, 12 months or more	14	14
Gross unrealized losses, 12 months or more	(1)	(1)
State and Municipal
Available-for-sale Securities Estimated Fair Value And Gross Unrealized Losses [Abstract]
Estimated fair value, less than 12 months	480	674
Gross unrealized losses, less than 12 months	(21)	(27)
Estimated fair value, 12 months or more	161	158
Gross unrealized losses, 12 months or more	(59)	(64)
Mortgage and Asset-backed
Available-for-sale Securities Estimated Fair Value And Gross Unrealized Losses [Abstract]
Estimated fair value, less than 12 months	830	822
Gross unrealized losses, less than 12 months	(20)	(21)
Estimated fair value, 12 months or more	92	132
Gross unrealized losses, 12 months or more	(8)	(16)
Government and Agencies
Available-for-sale Securities Estimated Fair Value And Gross Unrealized Losses [Abstract]
Estimated fair value, less than 12 months	553	549
Gross unrealized losses, less than 12 months	(27)	(26)
Estimated fair value, 12 months or more	0	0
Gross unrealized losses, 12 months or more	0	0
Equity securities
Available-for-sale Securities Estimated Fair Value And Gross Unrealized Losses [Abstract]
Estimated fair value, less than 12 months	3	9
Gross unrealized losses, less than 12 months	(1)	(1)
Estimated fair value, 12 months or more	0	0
Gross unrealized losses, 12 months or more	$ 0	$ 0

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Investment Securities (Impairments) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Pre-tax, Other-Than-Temporary Impairments on Investment Securities
Other Than Temporary Impairment Related To Equity Securities	$ 11	$ 5

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Investment Securities (Contractual maturities) (Details) $ in Millions	Mar. 31, 2017 USD ($)
Amortized cost
Within one year	$ 7,446
After one year through five years	5,029
After five years through ten years	5,134
After ten years	17,721
Estimated fair value
Within one year	7,446
After one year through five years	5,215
After five years through ten years	5,556
After ten years	$ 20,673

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Investment Securities (Gross Realized Gain Losses) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Gross realized gains	$ 104	$ 6
Gross realized losses	(2)	(29)
Available-for-sale Securities, Gross Realized Gains (Losses), Sale Proceeds	$ 1,073	$ 243

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Current Receivables (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts Receivable Gross Current	$ 22,560	$ 24,935
Less allowance for losses	(886)	(858)
Total	21,675	24,076
Current receivables outstanding	2,131	3,821
Proceeds from sale of notes receivable	4,313
Revolving credit facility
Accounts, Notes, Loans and Financing Receivable [Line Items]
Deferred purchase price	415	483
Total facility size	3,000
Current receivables outstanding	2,999
Proceeds from sale of notes receivable	3,645
Maximum exposure to loss	96	215
Collections invested in DPP	224
GE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts Receivable Gross Current	13,525	13,562
Less allowance for losses	(879)	(847)
Total	12,646	12,715
Current receivables from sale of goods and services to customers	8,465	8,927
Accounts receivable, related parties, current	9,965	12,304
GE Capital
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	0	0
Current receivables outstanding	$ 905	$ 2,504

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Inventories (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Inventory
Raw materials and work in process	$ 13,256	$ 12,636
Finished goods	8,548	8,798
Unbilled shipments	442	536
Inventory, Gross, Total	22,245	21,971
Revaluation to LIFO	456	383
Total inventories	$ 22,701	$ 22,354

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GE Capital Financing Receivables and Allowance for Losses on Financing Receivables (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables, net of deferred income	$ 18,882	$ 21,101
Financing receivables, net	12,243	12,242
GE Capital
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables, net of deferred income	23,914	26,099
Allowance for losses	(61)	(58)
Financing receivables, net	23,853	26,041
GE Capital | Financing Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables, net of deferred income	$ 5,032	$ 4,998

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GE Capital Financing Receivables and Allowance for Losses on Financing Receivables (Net Investment in Financing Leases) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Mar. 31, 2017
Financing Leases
Loans and leases receivable, Gross		$ 21,101	$ 18,882
Financing Receivable
Direct Financing Leases
Initial direct costs on direct financing leases		24	0
Leveraged Leases
Pre-tax income	$ 74	61
Income tax	$ 28	23
GE Capital
Financing Leases
Loans and leases receivable, Gross		26,099	23,914
GE Capital | Financing Receivable
Financing Leases
Loans and leases receivable, Gross		$ 4,998	$ 5,032

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GE Capital Financing Receivables and Allowance for Losses on Financing Receivables (Credit Quality) (Details) - GE Capital - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Impaired Loans [Abstract]
Impaired loans classified as Troubled debt restructuring (TDR)	$ 172
Impaired Financing Receivable, Recorded Investment	212	$ 262
Greater than 90 days past due [Member]
Past Due Financing Receivables
Financing receivable investment past due	$ 341	$ 407
Percent of Financing Receivable, Recorded Investment, Past Due Over 90 Days	1.40%	1.60%
Greater than 30 days past due [Member]
Past Due Financing Receivables
Financing receivable investment past due	$ 790	$ 811
Percent of Financing Receivable, Recorded Investment, Past Due Over 30 Days	3.30%	3.10%
Nonaccrual Financing Receivables [Member]
Nonaccrual Financing Receivables
Nonaccrual loans	$ 169	$ 322
Percent Financing Receivable, Recorded Investment, Nonaccrual Status	0.70%	1.20%
Amount of nonaccrual loans currently paying in accordance with contractual terms	$ 25

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Property, Plant and Equipment (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Property, Plant and Equipment
Property, Plant and Equipment, Gross	$ 84,140	$ 85,875
Property, plant and equipment - net	49,016	50,518
GE
Property, Plant and Equipment
Property, plant and equipment - net	18,955	19,103
GE Capital
Property, Plant and Equipment
Property, plant and equipment - net	$ 30,962	$ 32,225

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Property, Plant and Equipment (Narratives) (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Property, Plant and Equipment
Original cost	$ 84,140	$ 85,875
Accumulated depreciation and amortization	(35,124)	(35,356)
Depreciation and amortization	1,193	1,210
Property, plant and equipment - net	49,016	50,518
GE Capital
Property, Plant and Equipment
Property, plant and equipment - net	$ 30,962	$ 32,225

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Acquisitions, Goodwill and Other Intangible Assets (Aquisitions) (Details) - USD ($) $ in Millions				3 Months Ended
	Aug. 16, 2016	May 10, 2016	Nov. 02, 2015	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets [Abstract]
Goodwill				$ 70,313		$ 70,438
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities [Abstract]
Payments to Acquire Businesses, Net of Cash Acquired				967	$ 0
Liabilities for Pension and Other Employee Related Cost				43,035		$ 43,780
Business acquisition date			Nov. 02, 2015
Grid Technology and Renewable Energy JV [Member]
Limited Partners Capital Account [Abstract]
Annual accretion rate			3.00%
Global Nuclear and French Steam Power JV [Member]
Limited Partners Capital Account [Abstract]
Annual accretion rate			2.00%
Renewable Energy JV
Limited Partners Capital Account [Abstract]
Annual accretion rate			3.00%
Doosan Acquisition
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets [Abstract]
Goodwill	$ 170
Other Intangible Assets	35
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities [Abstract]
Total Purchase Price		$ 250
Payments to Acquire Businesses, Net of Cash Acquired	$ 220
Date of entry into transaction agreement		May 10, 2016
Business acquisition date	Aug. 16, 2016
Equity interest in acquiree	80.00%
Remaining equity interest in acquiree	20.00%
LM Wind Power
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities [Abstract]
Payments to Acquire Businesses, Net of Cash Acquired				$ 1,700
Date of entry into transaction agreement				Oct. 11, 2016
Business acquisition date				Apr. 20, 2017
ServiceMax
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets [Abstract]
Goodwill				$ 670
Other Intangible Assets				280
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities [Abstract]
Total Purchase Price				866
Payments to Acquire Businesses, Net of Cash Acquired				$ 91
Business acquisition date				Mar. 31, 2017
Equity interest in acquiree				4.00%
Remaining equity interest in acquiree				96.00%

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Acquisitions, Goodwill and Other Intangible Assets (Baker Hughes) (Details) $ / shares in Units, $ in Billions	Oct. 31, 2016 USD ($) $ / shares
Baker Hughes [Member]
Business Acquisition [Line Items]
Special one-time cash dividend for BH shareholders | $ / shares	$ 17.5
GE Baker Hughes - new company
Business Acquisition [Line Items]
Date of entry into transaction agreement	Oct. 31, 2016
GE Baker Hughes - new company | Oil And Gas [Member]
Business Acquisition [Line Items]
Contribution to new partnership | $	$ 7.4
Equity interest	62.50%
GE Baker Hughes - new company | Baker Hughes [Member]
Business Acquisition [Line Items]
Equity interest	37.50%

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Acquisitions, Goodwill and Other Intangible Assets (Changes in Goodwill Balances) (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Changes in Goodwill Balances
Goodwill, Beginning Balance	$ 70,438
Acquisitions	731
Dispositions, currency exchange and other	(856)
Goodwill, Ending Balance	70,313	$ 70,438
Goodwill, Period Increase (Decrease)		(125)
Power
Changes in Goodwill Balances
Goodwill, Beginning Balance	19,816
Acquisitions	(6)
Dispositions, currency exchange and other	(14)
Goodwill, Ending Balance	19,796	19,816
Renewable Energy
Changes in Goodwill Balances
Goodwill, Beginning Balance	2,507
Acquisitions	0
Dispositions, currency exchange and other	63
Goodwill, Ending Balance	2,571	2,507
Oil & Gas
Changes in Goodwill Balances
Goodwill, Beginning Balance	10,363
Acquisitions	0
Dispositions, currency exchange and other	6
Goodwill, Ending Balance	10,369	10,363
Aviation
Changes in Goodwill Balances
Goodwill, Beginning Balance	9,455
Acquisitions	10
Dispositions, currency exchange and other	114
Goodwill, Ending Balance	9,578	9,455
Healthcare
Changes in Goodwill Balances
Goodwill, Beginning Balance	17,424
Acquisitions	37
Dispositions, currency exchange and other	(4)
Goodwill, Ending Balance	17,457	17,424
Transporation
Changes in Goodwill Balances
Goodwill, Beginning Balance	899
Acquisitions	0
Dispositions, currency exchange and other	7
Goodwill, Ending Balance	906	899
Energy Connections & Lighting
Changes in Goodwill Balances
Goodwill, Beginning Balance	6,868
Acquisitions	0
Dispositions, currency exchange and other	(1,046)
Goodwill, Ending Balance	5,822	6,868
Capital
Changes in Goodwill Balances
Goodwill, Beginning Balance	2,368
Acquisitions	0
Dispositions, currency exchange and other	0
Goodwill, Ending Balance	2,368	2,368
Corporate
Changes in Goodwill Balances
Goodwill, Beginning Balance	739
Acquisitions	689
Dispositions, currency exchange and other	19
Goodwill, Ending Balance	$ 1,446	$ 739

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Acquisitions, Goodwill and Other Intangible Assets (Other Intangible Assets, Net) (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Other Intangible Assets, Net [Abstract]
Intangible assets subject to amortization	$ 16,417	$ 16,336
Indefinite-lived intangible assets(a)	98	100
Total	$ 16,515	$ 16,436

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Acquisitions, Goodwill and Other Intangible Assets (Intangible Assets Subject to Amortization) (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Intangible Assets Subject To Amortization [Line Items]
Gross carrying amount	$ 28,145		$ 27,781
Accumulated amortization	(11,729)		(11,444)
Net	16,417		16,336
Increase (Decrease) in Intangible Assets Subject to Amortizaiton	81
Amortization Expense related to Intangible Assets subject to amortization	404	$ 445
GE Capital
Intangible Assets Subject To Amortization [Line Items]
Amortization Expense related to Intangible Assets subject to amortization	20	$ 33
Run-Off Insurance Operations
Intangible Assets Subject To Amortization [Line Items]
Adjustments related to Present Value of Future Profits	234		241
Customer-related
Intangible Assets Subject To Amortization [Line Items]
Gross carrying amount	9,238		9,172
Accumulated amortization	(2,533)		(2,408)
Net	6,706		6,764
Patents and technology
Intangible Assets Subject To Amortization [Line Items]
Gross carrying amount	8,965		8,693
Accumulated amortization	(3,383)		(3,325)
Net	5,582		5,368
Capitalized software
Intangible Assets Subject To Amortization [Line Items]
Gross carrying amount	7,654		7,652
Accumulated amortization	(4,601)		(4,538)
Net	3,053		3,114
Trademarks
Intangible Assets Subject To Amortization [Line Items]
Gross carrying amount	1,175		1,165
Accumulated amortization	(333)		(307)
Net	842		858
Lease valuations
Intangible Assets Subject To Amortization [Line Items]
Gross carrying amount	143		143
Accumulated amortization	(64)		(59)
Net	79		84
Present value of future profits(a)
Intangible Assets Subject To Amortization [Line Items]
Gross carrying amount	693		684
Accumulated amortization	(693)		(684)
Net	0		0
All other
Intangible Assets Subject To Amortization [Line Items]
Gross carrying amount	277		273
Accumulated amortization	(123)		(124)
Net	$ 154		$ 149

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Contract Assets (GE) (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Contract Assets [Line Items]
Deferred inventory costs	$ 3,709	$ 3,349
Non-recurring engineering costs	2,253	2,185
Other	1,036	1,018
Contract assets	27,382	25,162
GE
Contract Assets [Line Items]
Long-term revenue in excess of billings	20,384	18,611
GE | Equipment Contract
Contract Assets [Line Items]
Long-term revenue in excess of billings	6,190	5,859
GE | Product Service Agreements
Contract Assets [Line Items]
Long-term revenue in excess of billings	$ 14,194	$ 12,752

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Borrowings (Details) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)	Dec. 02, 2015 USD ($)
Debt Instrument, Name [Domain]
Short-term Borrowings [Abstract]
Short-term borrowings	$ 9,110	$ 13,024
Long-term Borrowings [Abstract]
Total long-term borrowings	$ 45,282	47,084
Long-term Debt, Weighted Average Interest Rate	3.60%
Weighted average years	15
Current Portion Of Long Term Borrowings | Trust Assets Unconditionally Guaranteed by GE
Long-term Borrowings [Abstract]
Non Recourse Borrowings Of Consolidated Securitization Entities	$ 521	320
Intercompany Payable To GE
Long-term Borrowings [Abstract]
Changes in total of short-term borrowings and long-term borrowings		0
Subordinated Debentures
Long-term Borrowings [Abstract]
Subordinated debentures	723	723
GE | Assumed Debt of Subsidary Excluded
Long-term Borrowings [Abstract]
Total short-term borrowings and long-term borrowings	23,685	20,512
GE Capital | Debt Instrument, Name [Domain]
Long-term Borrowings [Abstract]
Total long-term borrowings	45,315
GE Capital | Debt Instrument, Name [Domain] | Trust Assets Unconditionally Guaranteed by GE
Long-term Borrowings [Abstract]
Total short-term borrowings and long-term borrowings			$ 92,537
GE Capital | Intercompany Payable To GE
Short-term Borrowings [Abstract]
Intercompany payable to GE	0	1,329
Long-term Borrowings [Abstract]
Intercompany payable to GE	4,075	0
Total short-term borrowings and long-term borrowings	50,317	58,780
GE Capital | Non-Recourse Borrowings
Long-term Borrowings [Abstract]
Funding secured by real estate, aircraft and other collateral	682	1,419
GE Capital | Other Borrowings
Long-term Borrowings [Abstract]
Funding secured by real estate, aircraft and other collateral	$ 1,891	$ 2,665

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Postretirement Benefit Plans (Cost of Pension Plans) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Principal pension plans
Defined Benefit Plan Disclosure [Line Items]
Service cost for benefits earned	$ 289	$ 315
Prior service cost (credit) amortization	(73)	(76)
Expected return on plan assets	(849)	(834)
Interest cost on benefit obligation	717	734
Net actuarial loss amortization	(710)	(612)
Curtailment loss (gain)	43	0
Pension plans costs	983	903
Other pension plans
Defined Benefit Plan Disclosure [Line Items]
Service cost for benefits earned	151	113
Prior service cost (credit) amortization	1	1
Expected return on plan assets	(294)	(263)
Interest cost on benefit obligation	142	172
Net actuarial loss amortization	(103)	(64)
Pension plans costs	101	85
Principal retiree benefit plans
Defined Benefit Plan Disclosure [Line Items]
Service cost for benefits earned	26	25
Prior service cost (credit) amortization	43	41
Expected return on plan assets	(9)	(11)
Interest cost on benefit obligation	57	63
Net actuarial loss amortization	(21)	(13)
Curtailment loss (gain)	3	0
Pension plans costs	$ 13	$ 23

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Income Taxes (Balance of unrecognized tax benefits) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Income Tax Disclosure [Line Items]
Unrecognized tax benefits	$ 4,732		$ 4,692
Portion that, if recognized, would reduce tax expense and effective tax rate	2,872		2,886
Accrued interest on unrecognized tax benefits	645		615
Accrued penalties on unrecognized tax benefits	119		118
Benefit (provision) for income taxes	(16)	$ 177
Lower Limit
Income Tax Disclosure [Line Items]
Portion that, if recognized, would reduce tax expense and effective tax rate	0		0
Reasonably possible reduction to the balance of unrecognized tax benefits in succeeding 12 months lower limit	0		0
Upper Limit
Income Tax Disclosure [Line Items]
Portion that, if recognized, would reduce tax expense and effective tax rate	500		500
Reasonably possible reduction to the balance of unrecognized tax benefits in succeeding 12 months lower limit	$ 600		$ 600

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Income Taxes (Narrative) (Details) - IRS	12 Months Ended
	Dec. 31, 2016
Lower Limit
Income Tax Examination [Line Items]
Income Tax Examination Year Under Examination by Internal Revenue Service	2012
Upper Limit
Income Tax Examination [Line Items]
Income Tax Examination Year Under Examination by Internal Revenue Service	2013

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Shareowners' Equity (Shares of GE Preferred Stock) (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Jan. 20, 2016	Dec. 31, 2015	Dec. 31, 2014
Shares of Preferred Stock
Preferred stock, value, issued	$ 6	$ 6
Preferred Stock, Shares Outstanding	5,944,250				5,944,250
Noncontrolling interests	$ 1,639	1,663	$ 1,667		$ 1,864
Preferred stock
Shares of Preferred Stock
Preferred stock, value, issued	5,317
Preferred Stock, Shares Outstanding						50,000
Series A
Shares of Preferred Stock
Preferred stock, value, issued	91
Series B
Shares of Preferred Stock
Preferred stock, value, issued	64
Series C
Shares of Preferred Stock
Preferred stock, value, issued	95
Series D
Shares of Preferred Stock
Preferred stock, value, issued				$ 5,694
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	285	$ 285
GE Capital | Preferred stock
Shares of Preferred Stock
Preferred stock, value, issued	$ 5,250		4,949
Preferred Stock, Shares Outstanding						50,000
Synchrony Financial
Shares of Preferred Stock
Noncontrolling interests			$ 2,790

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Shareowners' Equity (Shares of GE Preferred Stock - Other) (Details) - USD ($) $ in Millions				1 Months Ended	3 Months Ended
	Dec. 18, 2015	Dec. 03, 2015	Nov. 02, 2015	Apr. 30, 2017	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Jan. 20, 2016
Class Of Stock [Line Items]
Preferred stock value (5,944,250 shares outstanding at March 31, 2017 and December 31, 2016)					$ 6		$ 6
Average dividend rate		4.07%
Special dividend paid by finance subsidiary to parent				$ 2,000		$ 7,500
Quarterly dividends paid by GECC to GE					2,000
Dividends preferred stock cash					0	65
Accretion of dividends					57
Dividends preferred stock total					34	$ 289
Grid Technology and Renewable Energy JV [Member]
Class Of Stock [Line Items]
Annual accretion rate			3.00%
Global Nuclear and French Steam Power JV [Member]
Class Of Stock [Line Items]
Annual accretion rate			2.00%
Renewable Energy [Member]
Class Of Stock [Line Items]
Annual accretion rate			3.00%
Series A
Class Of Stock [Line Items]
Preferred stock value (5,944,250 shares outstanding at March 31, 2017 and December 31, 2016)					91
Series B
Class Of Stock [Line Items]
Preferred stock value (5,944,250 shares outstanding at March 31, 2017 and December 31, 2016)					64
Series C
Class Of Stock [Line Items]
Preferred stock value (5,944,250 shares outstanding at March 31, 2017 and December 31, 2016)					95
Series D
Class Of Stock [Line Items]
Preferred stock value (5,944,250 shares outstanding at March 31, 2017 and December 31, 2016)								$ 5,694
Initial fixed interest	5.00%
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) - $ / shares	Mar. 31, 2017	Dec. 31, 2016
Shares Of GE Common Stock
Common Stock, Shares, Outstanding	8,683,963,000	8,742,614,000
Common Stock, Par or Stated Value Per Share	$ 0.06

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Shareowners' Equity (Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss) Beginning balance	$ (18,598)
OCI reclass tax	(16)	$ 177
Other comprehensive income, net of tax	1,833	826
Less Other comprehensive income (loss) attributable to noncontrolling interests	(6)	(2)
Accumulated Other Comprehensive Income (Loss) Ending balance	(16,771)	(15,705)	$ (18,598)
Investment Securities
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss) Beginning balance	674	460	460
Other comprehensive income (OCI) before reclassifications - net of deferred taxes	18	159
OCI before reclassification tax	13	81
OCI reclass tax	(36)	40
Reclassification from OCI net of deferred taxes	(69)	60
Other comprehensive income, net of tax	(52)	220
Less Other comprehensive income (loss) attributable to noncontrolling interests	0	0
Accumulated Other Comprehensive Income (Loss) Ending balance	622	680	674
Currency Translation Adjustment
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss) Beginning balance	(6,816)	(5,499)	(5,499)
Other comprehensive income (OCI) before reclassifications - net of deferred taxes	262	115
OCI before reclassification tax	(33)	266
OCI reclass tax	(540)	119
Reclassification from OCI net of deferred taxes	554	(114)
Other comprehensive income, net of tax	815	1
Less Other comprehensive income (loss) attributable to noncontrolling interests	4	3
Accumulated Other Comprehensive Income (Loss) Ending balance	(6,004)	(5,500)	(6,816)
Cash Flow Hedge
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss) Beginning balance	12	(80)	(80)
Other comprehensive income (OCI) before reclassifications - net of deferred taxes	20	(25)
OCI before reclassification tax	5	(8)
OCI reclass tax	1	5
Reclassification from OCI net of deferred taxes	0	79
Other comprehensive income, net of tax	20	55
Less Other comprehensive income (loss) attributable to noncontrolling interests	0	0
Accumulated Other Comprehensive Income (Loss) Ending balance	32	(26)	12
Benefit Plans [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss) Beginning balance	(12,469)	(11,410)	(11,410)
Other comprehensive income, net of tax	1,049	550
Prior Service credit (costs)- net of deferred taxes	0	23
Net actuarial gain (loss), Tax	101	22
Net actuarial gain (loss) - net of deferred taxes	476	68
Prior service credit (costs), tax	0	5
Net curtailment/settlement, tax	16	0
Net curtailment/settlement - net of deferred taxes	30	0
Prior service cost amortization, tax	19	21
Prior service cost amortization - net of deferred taxes	11	16
Net actuarial loss amortization, tax	253	216
Net actuarial loss amortization - net of deferred taxes	533	443
Less Other comprehensive income (loss) attributable to noncontrolling interests	2	(1)
Accumulated Other Comprehensive Income (Loss) Ending balance	$ (11,421)	$ (10,859)	$ (12,469)

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Shareowners' Equity (Reclass Out of Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Other Income	$ 168	$ 9
Benefit (provision) for income taxes	(16)	177
Net earnings (loss)	577	107
Financial Services Revenue	2,264	2,522
Interest and other financial charges	(1,139)	(1,736)
Earnings (loss) from continuing operations before income taxes	832	238
Earnings (loss) from discontinued operations, net of taxes	(239)	(308)
Currency Translation Adjustment
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Benefit (provision) for income taxes	(540)	119
Currency Translation Adjustment | Discontinued Operations [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Benefit (provision) for income taxes	(540)	119
Gain (loss) on disposition of business	30	(5)
Cash Flow Hedge
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Benefit (provision) for income taxes	1	5
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	(12)	(19)
Financial Services Revenue	25	(22)
Reclassification out of AOCI
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Net earnings (loss)	(1,058)	(485)
Reclassification out of AOCI | Currency Translation Adjustment
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Other Income	(14)	(6)
Benefit (provision) for income taxes	(540)	119
Net earnings (loss)	(554)	114
Reclassification out of AOCI | Cash Flow Hedge
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Benefit (provision) for income taxes	1	5
Net earnings (loss)	0	(79)
Financial Services Revenue	12	(41)
Interest and other financial charges	(9)	(30)
Earnings (loss) from continuing operations before income taxes	(1)	(84)
Reclassification out of AOCI | Cash Flow Hedge | Other Contract [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Financial Services Revenue	(4)	(13)
Reclassification out of AOCI | Pension Plans
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Curtailment gain (loss)	(46)	0
Defined Benefit Plan, Amortization of Gains (Losses)	(786)	(659)
Prior service cost amortization	(30)	(37)
Earnings (loss) from continuing operations before income taxes	(862)	(696)
Benefit (provision) for income taxes	288	237
Earnings (loss) from discontinued operations, net of taxes	(574)	(459)
Reclassification out of AOCI | Available-for-sale Securities
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Other Income	105	(100)
Benefit (provision) for income taxes	(36)	40
Net earnings (loss)	69	(60)
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	0	(78)
Benefit (provision) for income taxes	$ 0	$ 32

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Shareowners' Equity (Noncontrolling Interests) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Noncontrolling Interest [Line Items]
Preferred stock value (5,944,250 shares outstanding at March 31, 2017 and December 31, 2016)	$ 6		$ 6
Changes To Noncontrolling Interest
Beginning balance	1,663	$ 1,864
Net earnings (loss)	5	(69)
Dividends	(9)	(7)
Dispositions	(13)	(42)
AOCI and other	(7)	(79)
Ending balance	1,639	$ 1,667
GEAM
Changes To Noncontrolling Interest
AOCI and other	$ (123)

XML

Shareowners' Equity (RNCI) (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Redeemable Noncontrolling Interest [Line Items]
Redeemable noncontrolling interest balance at January 1	$ 3,025	$ 2,972	$ 2,972
Net earnings (loss)	(81)	(53)
Dividends	(10)	(9)
Redemption value adjustment	(73)	(32)
Other	47	94
Redeemable noncontrolling interest ending balance(a)	3,054	3,036	$ 3,025
Alstom Acquisition
Redeemable Noncontrolling Interest [Line Items]
Other	$ 2,760	$ 2,928

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Earnings Per Share Information (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Amount attributable to the Company:
Earnings (loss) from continuing operations for per-share calculation, Diluted	$ 886	$ 533
Preferred stock dividends declared, Diluted	(34)	(289)
Earnings from continuing operations attributable to common shareowners for per-share calculation, Diluted	852	244
Earnings (loss) from discontinued operations for per-share calculation, Diluted	(243)	(311)
Net earnings (loss) attributable to GE common shareowners for per-share calculation, Diluted	613	(64)
Earnings (loss) from continuing operations for per-share calculation, basic	886	533
Preferred stock dividends	(34)	(289)
Earnings from continuing operations attributable to common shareowners for per share calculation basic	852	244
Earnings (loss) from discontinued operations for per-share calculation, basic	(243)	(311)
Net earnings (loss) attributable to GE common shareowners for per-share calculation, Basic	$ 613	$ (64)
Average equivalent shares
Shares of GE common stock outstanding, Diluted	8,714	9,288
Employee compensation-related shares (including stock options) and warrants, Diluted	98	95
Total average equivalent shares, Diluted	8,811	9,383
Shares of GE common stock outstanding, Basic	8,714	9,288
Employee compensation-related shares (including stock options) and warrants, Basic	0	0
Total average equivalent shares, Basic	8,714	9,288
Per-share amounts
Earnings (loss) from continuing operations-Diluted	$ 0.1	$ 0.03
Earnings (loss) from discontinued operations-Diluted	(0.03)	(0.03)
Net earnings (loss)-Diluted	0.07	(0.01)
Earnings (loss) from continuing operations-Basic	0.1	0.03
Earnings (loss) from discontinued operations-Basic	(0.03)	(0.03)
Net earnings (loss)-Basic	$ 0.07	$ (0.01)
Outstanding anti-dilutive stock awards not included in computation of diluted earnings per share	15	33

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Fair Value Measurements (Details) - Recurring - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	$ 42,412	$ 44,658
Liabilities	1,961	1,577
Fair Value Of Securities Transferred Between Level 1 And Level 2	0
Derivative Liabilities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	782	434
Other Liabilities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	1,179	1,143
Investment Securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	41,949	44,313
Derivative Assets
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	463	345
Non-U.S. Corporate
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Fair Value Of Securities Transferred Between Level 1 And Level 2		12
Government and Agencies
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Fair Value Of Securities Transferred Between Level 1 And Level 2		50
Level 1
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	241	188
Liabilities	0	0
Level 1 | Derivative Liabilities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	0	0
Level 1 | Other Liabilities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	0	0
Level 1 | Investment Securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	241	188
Level 1 | Derivative Assets
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
Level 2
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	42,051	45,163
Liabilities	4,892	6,024
Level 2 | Derivative Liabilities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	3,713	4,880
Level 2 | Other Liabilities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	1,179	1,143
Level 2 | Investment Securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	37,740	39,719
Level 2 | Derivative Assets
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	4,311	5,444
Level 3
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	3,988	4,429
Liabilities	4	2
Level 3 | Derivative Liabilities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	4	2
Level 3 | Other Liabilities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	0	0
Level 3 | Investment Securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	3,967	4,406
Level 3 | Derivative Assets
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	21	23
Level 3 | U.S. Corporate
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	3,407	240
Level 3 | Non-U.S. Corporate
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	688	3,399
Netting Adjustment
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	(3,869)	(5,121)
Liabilities	(2,935)	(4,449)
Netting Adjustment | Derivative Liabilities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	(2,935)	(4,449)
Netting Adjustment | Other Liabilities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	0	0
Netting Adjustment | Investment Securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	0	0
Netting Adjustment | Derivative Assets
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets	$ (3,869)	$ (5,121)

XML

Fair Value Measurements (Changes in Level 3 Instruments) (Details) - Level 3 - Recurring - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Changes in Level 3, beginning balance	$ 4,427	$ 4,042
Net realized/unrealized gains (losses) included in earnings	10	(8)
Net realized/unrealized gains (losses) included in accumulated other comprehensive income	5	63
Purchases	91	60
Sales	0	(5)
Settlements	(90)	(8)
Transfers into Level 3	12	(11)
Transfers out of Level 3	(471)	(275)
Changes in Level 3, ending balance	3,985	3,859
Derivative Assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Changes in Level 3, beginning balance	21	88
Net realized/unrealized gains (losses) included in earnings	1	4
Net realized/unrealized gains (losses) included in accumulated other comprehensive income	(1)	0
Purchases	(1)	0
Sales	0	0
Settlements	(2)	1
Transfers into Level 3	0	(11)
Transfers out of Level 3	(1)	(1)
Changes in Level 3, ending balance	17	82
Investment Securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Changes in Level 3, beginning balance	4,406	3,695
Net realized/unrealized gains (losses) included in earnings	9	(12)
Net realized/unrealized gains (losses) included in accumulated other comprehensive income	6	64
Purchases	92	60
Sales	0	5
Settlements	(88)	(9)
Transfers into Level 3	11	0
Transfers out of Level 3	(470)	(15)
Changes in Level 3, ending balance	3,967	3,777
Other
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Changes in Level 3, beginning balance	0	259
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	(259)
Changes in Level 3, ending balance	0	$ 0
U.S. Corporate
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases	$ 91

XML

Fair Value Measurements (Non-Recurring Fair Value Measurements) (Details) - Non-recurring - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Adjustments To Assets Measured At Fair Value On Non Recurring Basis	$ (44)	$ (197)
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	(23)
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	(9)	(115)
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	(35)	$ (58)
Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets Fair Value Disclosure	0		$ 17
Level 2 | Financing Receivables and Loans Held For Sale
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets Fair Value Disclosure	0		0
Level 2 | Cost and Equity Method Investments
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets Fair Value Disclosure	0		0
Level 2 | Long Lived Assets, Including Real Estate
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets Fair Value Disclosure	0		17
Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets Fair Value Disclosure	358		1,189
Level 3 | Financing Receivables and Loans Held For Sale
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets Fair Value Disclosure	0		30
Level 3 | Cost and Equity Method Investments
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets Fair Value Disclosure	0		103
Level 3 | Long Lived Assets, Including Real Estate
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets Fair Value Disclosure	$ 358		$ 1,055

XML

Fair Value Measurements (Significant Unobservable Inputs) (Details) - USD ($) $ in Millions		3 Months Ended	12 Months Ended
	Jul. 01, 2016	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
Lower Limit
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate	9.50%
Upper Limit
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate	16.50%
Level 3 | Recurring
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Investments, Fair Value Disclosure		$ 974	$ 830
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value		$ 3,985	$ 4,427	$ 3,859	$ 4,042
Level 3 | Recurring | Income Approach | Lower Limit
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate		1.80%	1.40%
Level 3 | Recurring | Income Approach | Upper Limit
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate		24.20%	17.40%
Level 3 | Recurring | Income Approach | Weighted Average
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate		7.40%	7.90%
Level 3 | Recurring | Non-Binding Broker and Third Party [Member]
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value		$ 3,011	$ 3,598
Level 3 | 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		0	$ 30
Level 3 | 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			2.50%
Level 3 | 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%
Level 3 | 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			20.30%
Level 3 | 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		0	$ 94
Level 3 | 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%
Level 3 | 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			30.00%
Level 3 | 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			11.80%
Level 3 | Non-recurring | Long Lived Assets | Income Approach
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Investments, Fair Value Disclosure		$ 57	$ 683
Level 3 | Non-recurring | Long Lived Assets | Income Approach | Lower Limit
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate		2.50%	2.50%
Level 3 | Non-recurring | Long Lived Assets | Income Approach | Upper Limit
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate		12.10%	20.00%
Level 3 | Non-recurring | Long Lived Assets | Income Approach | Weighted Average
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate		6.50%	10.40%
Level 3 | Non-recurring | Non-Binding Broker and Third Party [Member]
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value		$ 301	$ 379

XML

Financial Instruments (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Debt Instrument, Name [Domain]
Financial Instruments [Line Items]
Fair value of Borrowings, Increase (Decrease), Due to Hedges Included in Borrowings	$ 2,309	$ 2,397
Intercompany Payable To GE
Financial Instruments [Line Items]
Short-term borrowings		0
GE | Carrying amount | Intersegment Elimination [Member] | Intercompany Payable To GE
Financial Instruments [Line Items]
Borrowings (debt assumed)	54,392	60,109
GE | Estimated fair value | Intercompany Payable To GE
Financial Instruments [Line Items]
Accrued interest	599	803
GE | Estimated fair value | Intersegment Elimination [Member] | Intercompany Payable To GE
Financial Instruments [Line Items]
Borrowings (debt assumed)	61,307	66,998
GE Capital | Debt Instrument, Name [Domain]
Financial Instruments [Line Items]
Borrowings	(611)	(775)
Other financial instruments	187	115
GE Capital | Intercompany Payable To GE
Financial Instruments [Line Items]
Borrowings (debt assumed)	$ 50,317	$ 58,780

XML

Financial Instruments (Notional Amount of Loan Commitments) (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Notional Disclosures [Abstract]
Ordinary course of business lending commitments	$ 956	$ 687
Unused revolving credit lines	236	238
Excluded investment commitments	$ 555	$ 522

XML

Financial Instruments (Securities Repurchase and Reverse Repurchase Arrangements) (Details) $ in Millions	3 Months Ended
	Mar. 31, 2017 USD ($)
Derivative Instrument Detail [Abstract]
Reverse Repurchase Agreements Maturities	90 days
Securities for Reverse Repurchase Agreements	$ 2,950

XML

Financial Instruments (Forms of Hedging) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash Flow Hedges [Member]
Derivative [Line Items]
Fair value of derivatives increase (decrease)	$ 22	$ (56)
Shareowners' equity (increase) decrease	(22)	57
Net effect on earnings (loss) (hedge ineffectiveness)	0	1
Earnings (loss) effect of derivatives	(1)	(84)
Fair Value Hedges [Member]
Derivative [Line Items]
Fair value of derivatives increase (decrease)	(225)	1,723
Adjustment to carrying amount of hedged debt increase (decrease)	163	(1,754)
Earnings (loss) related to hedge ineffectiveness	(62)	(32)
Net Investment Hedges [Member]
Derivative [Line Items]
Fair value of derivatives increase (decrease)	(563)	602
Fair value of derivatives increase (decrease) for NIH	(92)	329
Fair value of non-derivatives (increase) decrease	(471)	273
Shareowners' equity (increase) decrease	573	(569)
Earnings (loss) (spot-forward difference on derivatives)	10	32
Earnings (loss) effect of derivatives	60	(693)
Economic Hedges [Member]
Derivative [Line Items]
Fair value of derivatives increase (decrease)	(339)	(278)
Change in carrying amount of item being hedged increase (decrease)	224	87
Earnings (loss) effect of derivatives	$ (115)	$ (191)

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Financial Instruments (Notional Amount of Derivatives) (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Notional Disclosures [Abstract]
Derivative assets	$ 4,332	$ 5,467
Derivative liabilities	(3,717)	(4,883)
Accrued Interest	352	792
Cash collateral assets	(934)	(672)
Derivative Net	33	703
Securities held as collateral	(323)	(442)
Net carrying amount	(291)	$ 262
Derivative, Notional Amount	$ 161

XML

Financial Instruments (Effects of Derivatives on Earnings) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Derivative Instruments and Hedging Activities [Line Items]
Total effect on earnings	$ (167)	$ (190)
Cash Flow Hedges [Member]
Derivative Instruments and Hedging Activities [Line Items]
Effect on hedging instrument	22	(56)
Effect on underlying	(22)	57
Effect on earnings (Cash flow hedges)	0	1
Earnings (loss) effect of derivatives	(1)	(84)
Fair Value Hedges [Member]
Derivative Instruments and Hedging Activities [Line Items]
Effect on hedging instrument	(225)	1,723
Effect on underlying (Fair value hedges)	163	(1,754)
Effect on earnings (Fair value hedges)	(62)	(32)
Net Investment Hedges [Member]
Derivative Instruments and Hedging Activities [Line Items]
Effect on hedging instrument	(563)	602
Effect on underlying	573	(569)
Effect on earnings (Net investment hedges)	10	32
Earnings (loss) effect of derivatives	60	(693)
Economic Hedges [Member]
Derivative Instruments and Hedging Activities [Line Items]
Effect on hedging instrument	(339)	(278)
Earnings (loss) effect of derivatives	$ (115)	$ (191)

XML

Variable Interest Entities (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Variable Interest Entity [Line Items]
Financing receivables, net	$ 12,243.0		$ 12,242.0
Investment securities (Note 3)	41,949.0		44,313.0
Other Assets	27,668.0		27,176.0
Non-recourse borrowings of consolidated securitization entities	668.0		417.0
Other Liabilities	22,041.0		22,912.0
Total revenues of consolidated VIEs	27,660.0	$ 27,845.0
Consolidated VIE
Variable Interest Entity [Line Items]
Financing receivables, net	948.0		1,035.0
Current Receivables	617.0		727.0
Investment securities (Note 3)	976.0		982.0
Other Assets	3,152.0		3,361.0
Assets VIE	5,693.0		6,105.0
Borrowings	754.0		819.0
Non-recourse borrowings	668.0		417.0
Other Liabilities	3,261.0		3,317.0
Liabilities VIE	4,683.0		4,553.0
Total revenues of consolidated VIEs	252.0	355.0	0.0
Cost of sales and services sold	95.0	344.0	0.0
Alstom Acquisition
Variable Interest Entity [Line Items]
Assets VIE	15,519.0		14,460.0
Liabilities VIE	8,266.0		9,922.0
Redeemable noncontrolling interest in joint venture	2,760.0		2,709.0
Consolidated Securitization Entities [Member]
Variable Interest Entity [Line Items]
Commingled cash amounts owed to CSEs	923.0		1,117.0
Commingled cash receivable from CSEs	163.0		5.0
GE
Variable Interest Entity [Line Items]
Financing receivables, net	0.0		0.0
Investment securities (Note 3)	200.0		137.0
Other Assets	12,049.0		12,007.0
Non-recourse borrowings of consolidated securitization entities	0.0		0.0
Other Liabilities	17,446.0		17,506.0
Total revenues of consolidated VIEs	25,481.0	24,607.0
GE | Consolidated VIE
Variable Interest Entity [Line Items]
Financing receivables, net	0.0		0.0
Current Receivables	63.0		57.0
Investment securities (Note 3)	0.0		0.0
Other Assets	477.0		492.0
Assets VIE	540.0		549.0
Borrowings	0.0		1.0
Non-recourse borrowings	0.0		0.0
Other Liabilities	449.0		457.0
Liabilities VIE	449.0		458.0
GE Capital
Variable Interest Entity [Line Items]
Financing receivables, net	23,853.0		26,041.0
Investment securities (Note 3)	41,754.0		44,180.0
Other Assets	15,202.0		14,608.0
Non-recourse borrowings of consolidated securitization entities	668.0		417.0
Other Liabilities	6,500.0		7,430.0
Total revenues of consolidated VIEs	2,681.0	$ 2,885.0
GE Capital | Customer Notes Receivable(b)
Variable Interest Entity [Line Items]
Financing receivables, net	0.0		0.0
Current Receivables	554.0		670.0
Investment securities (Note 3)	0.0		0.0
Other Assets	1,145.0		1,122.0
Assets VIE	1,699.0		1,792.0
Borrowings	0.0		0.0
Non-recourse borrowings	652.0		401.0
Other Liabilities	1,022.0		1,378.0
Liabilities VIE	1,674.0		1,779.0
GE Capital | Other
Variable Interest Entity [Line Items]
Financing receivables, net	948.0		1,035.0
Current Receivables	0.0		0.0
Investment securities (Note 3)	976.0		982.0
Other Assets	1,530.0		1,747.0
Assets VIE	3,454.0		3,764.0
Borrowings	754.0		818.0
Non-recourse borrowings	16.0		16.0
Other Liabilities	1,790.0		1,482.0
Liabilities VIE	$ 2,560.0		$ 2,316.0

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Variable Interest Entities (Unconsolidated) (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Variable Interest Entity [Line Items]
Financing receivables	$ 12,243	$ 12,242
Investment in Unconsolidated VIEs [Member]
Variable Interest Entity [Line Items]
Total investment in unconsolidated VIEs	$ 6,271	$ 6,346

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Commitments, Guarantees, Product Warranties and Other Loss Contingencies (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Guarantor [Abstract]
Other Liabilities	$ 22,041.0		$ 22,912.0
Product Warranties
Beginning Balance	1,920.0	$ 1,723.0
Current-year provisions	158.0	167.4
Expenditures	(211.0)	(179.0)
Other Product Warranty Liability Changes	17.0	52.6
Ending Balance	1,884.0	$ 1,764.0
Aviation
Commitments
Financial assistance commitment	1,891.0
Indemnification Agreement
Guarantor [Abstract]
Residual value guarantee	232.0
Liability for arrangements	7.0
Other Commitment	1,044.0
Other Liabilities	227.0
Credit Support
Guarantor [Abstract]
Liability for arrangements	42.0
Other Commitment	1,620.0
Guarantor
Guarantor [Abstract]
Other Commitment	2,550.0
Other Liabilities	297.0
Aircraft with GE engines | GECAS
Commitments
Long-term purchase commitment	32,523.0
Used aircrafts | GECAS
Commitments
Long-term purchase commitment	$ 2,403.0

XML

Commitments, Guarantees, Product Warranties and Other Loss Contingencies (WMC Roll Forward) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Financial Information For Discontinued Operations [Line Items]
Pending claims, beginning of period	$ 6,516
WMC
Financial Information For Discontinued Operations [Line Items]
Reserve, beginning of period	626	$ 875
Provision	0	57
Claim resolutions	0	(99)
Reserve, end of period	$ 626	$ 833

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Commitments, Guarantees, Product Warranties and Other Loss Contingencies (WMC) (Details) $ in Millions		3 Months Ended		12 Months Ended
	Nov. 02, 2015	Mar. 31, 2017 USD ($) Securitizations Lawsuits	Mar. 31, 2016 USD ($)	Dec. 31, 2016 USD ($)
Financial Information For Businesses Held For Sale [Line Items]
Adjustment For Pending Claims For Unmet Representations And Warranties		$ 5,456		$ 8,047
Lawsuit Relating To Representations And Warranties Amount Of Mortgages		1,060		2,887
Earnings (loss) from discontinued operations, net of taxes		$ (239)	$ (308)
Pending claims, end of period				6,516
Date of lawsuit filing	Jan-07
WMC
Financial Information For Businesses Held For Sale [Line Items]
Adjustment For Pending Claims For Unmet Representations And Warranties				249
Number Of Securitizations Related To Lawsuits Involving repurchase Claims On Loans In Which Adverse Parties Are Securitization Trustees | Securitizations		11
Revenues and other income (loss)		$ 13	(39)
Earnings (loss) from discontinued operations, net of taxes		$ (1)	$ (32)
Number Of Lawsuits Involving Repurchase Claims On Loans | Lawsuits		10
WMC | ResCap Liquidating Trust [Member]
Financial Information For Businesses Held For Sale [Line Items]
Date of lawsuit filing		23-Jan-17
Date of bankruptcy filing		May 01, 2012
Proceeds from sale of loans				$ 840
WMC | Lower Limit
Financial Information For Businesses Held For Sale [Line Items]
Increase to Reserve for Claims For Unmet Representations And Warranties		$ 0
WMC | Upper Limit
Financial Information For Businesses Held For Sale [Line Items]
Increase to Reserve for Claims For Unmet Representations And Warranties		$ 500

XML

Commitments, Guarantees, Product Warranties and Other Loss Contingencies (Legacy and Environmental Matters) (Details) € in Millions, $ in Millions	Nov. 02, 2015 EUR (€)	Nov. 02, 2015 USD ($)
Commitments, Guarantees and Product Warranties [Abstract]
Business Acquisition Effective Date Of Acquisition	Nov. 02, 2015	Nov. 02, 2015
Business Acquisition Name Of Acquired Entity	Thermal, Renewables and Grid businesses	Thermal, Renewables and Grid businesses
Loss Contingency [Abstract]
Loss contingency lawsuit filing date	Jan-07	Jan-07
Loss contingency name of plaintiff	European Commission	European Commission
Loss contingency name of defendant	Alstom	Alstom
Loss contingency allegations	multiple violations of the Foreign Corrupt Practices Act	multiple violations of the Foreign Corrupt Practices Act
Initial amount of fine | €	€ 65
Final amount of fine paid | €	€ 59
Settlement amount | $		$ 772
Settlement agreement date	Dec-14	Dec-14
Reserves for legacy business practices with Alstom | $		$ 858

XML

Intercompany Transactions (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Net Cash Provided by (Used in) Operating Activities, Continuing Operations	$ 967	$ 1,897
Net Cash Provided by (Used in) Investing Activities, Continuing Operations	4,520	24,672
Net Cash Provided by (Used in) Financing Activities, Continuing Operations	(12,185)	(22,007)
Combined
Net Cash Provided by (Used in) Operating Activities, Continuing Operations	489	7,551
Net Cash Provided by (Used in) Investing Activities, Continuing Operations	4,979	26,515
Net Cash Provided by (Used in) Financing Activities, Continuing Operations	(12,166)	(29,504)
GE Current Receivables Sold To GE Capital
Net Cash Provided by (Used in) Operating Activities, Continuing Operations	2,182	886
Net Cash Provided by (Used in) Investing Activities, Continuing Operations	(2,471)	(888)
Net Cash Provided by (Used in) Financing Activities, Continuing Operations	289	2
GE Capital Dividends To GE
Net Cash Provided by (Used in) Operating Activities, Continuing Operations	(2,000)	(7,500)
Net Cash Provided by (Used in) Financing Activities, Continuing Operations	2,000	7,500
GE Capital Short-Term Loan to GE [Member]
Net Cash Provided by (Used in) Investing Activities, Continuing Operations	(1,329)	0
Net Cash Provided by (Used in) Financing Activities, Continuing Operations	1,329	0
Other Reclassifications and Eliminations
Net Cash Provided by (Used in) Operating Activities, Continuing Operations	297	960
Net Cash Provided by (Used in) Investing Activities, Continuing Operations	(734)	(955)
Net Cash Provided by (Used in) Financing Activities, Continuing Operations	$ 438	$ (5)

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Guarantor Financial Information (Statement of Earnings) (Unaudited) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Revenues and other income
Sales of goods and services	$ 25,228	$ 25,314
Other Income	168	9
Equity in earnings (loss)	0	0
GE Capital revenues from services	2,264	2,522
Total revenues and other income	27,660	27,845
Costs and Expenses [Abstract]
Interest and other financial charges	1,139	1,736
Investment Contracts Insurance Losses And Insurance Annuity Benefits	634	642
Other costs and expenses	25,055	25,228
Total Costs and Expenses	26,829	27,606
Earnings (loss) from continuing operations	832	238
Benefit (provision) for income taxes	(16)	177
Earnings (loss) from continuing operations attributable to the Company	816	415
Earnings (loss) from discontinued operations, net of taxes	(239)	308
Net earnings (loss)	577	107
Less net earnings (loss) attributable to noncontrolling interests	(76)	(121)
Net earnings (loss) attributable to the Company	653	228
Other comprehensive income (loss)	1,827	824
Comprehensive income (loss) attributable to the Company	2,479	1,052
Parent Company Guarantor (General Electric)
Revenues and other income
Sales of goods and services	8,792	10,013
Other Income	54	226
Equity in earnings (loss)	2,444	908
GE Capital revenues from services	0	0
Total revenues and other income	11,289	11,146
Costs and Expenses [Abstract]
Interest and other financial charges	910	811
Investment Contracts Insurance Losses And Insurance Annuity Benefits	0	0
Other costs and expenses	9,629	10,455
Total Costs and Expenses	10,539	11,266
Earnings (loss) from continuing operations	751	(120)
Benefit (provision) for income taxes	(144)	(619)
Earnings (loss) from continuing operations attributable to the Company	895	499
Earnings (loss) from discontinued operations, net of taxes	(242)	(308)
Net earnings (loss)	653	191
Less net earnings (loss) attributable to noncontrolling interests	0	0
Net earnings (loss) attributable to the Company	653	191
Other comprehensive income (loss)	1,827	824
Comprehensive income (loss) attributable to the Company	2,479	1,015
Subsidiary Issuer (GE Capital)
Revenues and other income
Sales of goods and services	0	0
Other Income	0	0
Equity in earnings (loss)	0	0
GE Capital revenues from services	156	396
Total revenues and other income	156	396
Costs and Expenses [Abstract]
Interest and other financial charges	150	373
Investment Contracts Insurance Losses And Insurance Annuity Benefits	0	0
Other costs and expenses	0	0
Total Costs and Expenses	150	373
Earnings (loss) from continuing operations	6	24
Benefit (provision) for income taxes	(1)	(3)
Earnings (loss) from continuing operations attributable to the Company	5	21
Earnings (loss) from discontinued operations, net of taxes	0	0
Net earnings (loss)	5	21
Less net earnings (loss) attributable to noncontrolling interests	0	0
Net earnings (loss) attributable to the Company	5	21
Other comprehensive income (loss)	0	(12)
Comprehensive income (loss) attributable to the Company	5	9
Subsidiary Guarantor (Subsidiary)
Revenues and other income
Sales of goods and services	0	0
Other Income	0	0
Equity in earnings (loss)	242	669
GE Capital revenues from services	186	297
Total revenues and other income	428	967
Costs and Expenses [Abstract]
Interest and other financial charges	455	931
Investment Contracts Insurance Losses And Insurance Annuity Benefits	0	0
Other costs and expenses	13	36
Total Costs and Expenses	468	968
Earnings (loss) from continuing operations	(40)	(1)
Benefit (provision) for income taxes	115	(3)
Earnings (loss) from continuing operations attributable to the Company	74	(4)
Earnings (loss) from discontinued operations, net of taxes	283	(475)
Net earnings (loss)	357	(479)
Less net earnings (loss) attributable to noncontrolling interests	0	0
Net earnings (loss) attributable to the Company	357	(479)
Other comprehensive income (loss)	617	(182)
Comprehensive income (loss) attributable to the Company	974	(662)
Non Guarantor Subsidiaries
Revenues and other income
Sales of goods and services	36,090	33,759
Other Income	4,620	3,441
Equity in earnings (loss)	36,682	13,623
GE Capital revenues from services	2,270	4,585
Total revenues and other income	79,662	55,407
Costs and Expenses [Abstract]
Interest and other financial charges	1,082	1,759
Investment Contracts Insurance Losses And Insurance Annuity Benefits	636	672
Other costs and expenses	35,305	35,166
Total Costs and Expenses	37,023	37,597
Earnings (loss) from continuing operations	42,640	17,811
Benefit (provision) for income taxes	469	485
Earnings (loss) from continuing operations attributable to the Company	42,171	17,325
Earnings (loss) from discontinued operations, net of taxes	1	(426)
Net earnings (loss)	42,172	16,899
Less net earnings (loss) attributable to noncontrolling interests	(48)	(26)
Net earnings (loss) attributable to the Company	42,220	16,925
Other comprehensive income (loss)	(1,457)	268
Comprehensive income (loss) attributable to the Company	40,763	17,193
Consolidation adjustments
Revenues and other income
Sales of goods and services	(19,654)	(18,458)
Other Income	(4,507)	(3,659)
Equity in earnings (loss)	(39,368)	(15,200)
GE Capital revenues from services	(347)	(2,756)
Total revenues and other income	(63,875)	(40,072)
Costs and Expenses [Abstract]
Interest and other financial charges	(1,457)	(2,137)
Investment Contracts Insurance Losses And Insurance Annuity Benefits	(2)	(30)
Other costs and expenses	(19,892)	(20,429)
Total Costs and Expenses	(21,351)	(22,597)
Earnings (loss) from continuing operations	(42,525)	(17,475)
Benefit (provision) for income taxes	(195)	(49)
Earnings (loss) from continuing operations attributable to the Company	(42,330)	(17,425)
Earnings (loss) from discontinued operations, net of taxes	(280)	901
Net earnings (loss)	(42,610)	(16,524)
Less net earnings (loss) attributable to noncontrolling interests	(28)	(96)
Net earnings (loss) attributable to the Company	(42,582)	(16,429)
Other comprehensive income (loss)	840	(74)
Comprehensive income (loss) attributable to the Company	$ (41,742)	$ (16,502)

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Guarantor Financial Information (Statement of Financial Position) (Unaudited) (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
Assets [Abstract]
Cash and equivalents	$ 41,564	$ 48,129
Investments	41,949	44,313
Receivables - net	39,721	42,263
Inventories	22,701	22,354
Property, plant and equipment - net	49,016	50,518
Investment in subsidiaries	0	0
Goodwill and intangible assets	86,828	86,875
Other assets	60,079	55,917
Assets of discontinued operations	9,786	14,815
Total assets	351,643	365,183
Liabilities [Abstract]
Short-term borrowings	28,324	30,714
Accounts payable	13,698	14,435
Other current liabilities	35,789	36,431
Long term and non-recourse borrowings	100,342	105,496
Other liabilities	92,522	93,434
Liabilities of discontinued operations	1,741	4,158
Total liabilities	272,416	284,668
Redeemable noncontrolling interest	3,054	3,025	$ 3,036	$ 2,972
Total GE shareowners' equity	74,534	75,828	91,088	98,274
Noncontrolling interests	1,639	1,663	1,667	$ 1,864
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	76,173	77,491	$ 92,755
Liabilities and Equity	351,643	365,183
Parent Company Guarantor (General Electric)
Assets [Abstract]
Cash and equivalents	628	2,558
Investments	1	1
Receivables - net	56,401	63,620
Inventories	4,995	4,654
Property, plant and equipment - net	5,885	5,768
Investment in subsidiaries	277,214	272,685
Goodwill and intangible assets	8,238	8,128
Other assets	14,413	14,692
Assets of discontinued operations	0	0
Total assets	367,777	372,107
Liabilities [Abstract]
Short-term borrowings	164,741	167,089
Accounts payable	2,335	5,412
Other current liabilities	11,920	11,072
Long term and non-recourse borrowings	70,390	68,983
Other liabilities	43,857	43,722
Liabilities of discontinued operations	0	0
Total liabilities	293,242	296,279
Redeemable noncontrolling interest	0	0
Total GE shareowners' equity	74,534	75,828
Noncontrolling interests	0	0
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	74,534	75,828
Liabilities and Equity	367,777	372,107
Subsidiary Issuer (GE Capital)
Assets [Abstract]
Cash and equivalents	0	0
Investments	0	0
Receivables - net	17,374	17,157
Inventories	0	0
Property, plant and equipment - net	0	0
Investment in subsidiaries	0	0
Goodwill and intangible assets	0	0
Other assets	44	44
Assets of discontinued operations	0	0
Total assets	17,419	17,202
Liabilities [Abstract]
Short-term borrowings	0	1
Accounts payable	0	0
Other current liabilities	34	33
Long term and non-recourse borrowings	16,418	16,486
Other liabilities	790	511
Liabilities of discontinued operations	0	0
Total liabilities	17,242	17,030
Redeemable noncontrolling interest	0	0
Total GE shareowners' equity	177	171
Noncontrolling interests	0	0
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	177	171
Liabilities and Equity	17,419	17,202
Subsidiary Guarantor (Subsidiary)
Assets [Abstract]
Cash and equivalents	3	3
Investments	0	0
Receivables - net	30,656	30,470
Inventories	0	0
Property, plant and equipment - net	0	0
Investment in subsidiaries	80,038	80,481
Goodwill and intangible assets	0	0
Other assets	38	39
Assets of discontinued operations	0	0
Total assets	110,734	110,992
Liabilities [Abstract]
Short-term borrowings	45,341	46,432
Accounts payable	0	0
Other current liabilities	3	117
Long term and non-recourse borrowings	34,330	34,389
Other liabilities	513	481
Liabilities of discontinued operations	0	0
Total liabilities	80,186	81,419
Redeemable noncontrolling interest	0	0
Total GE shareowners' equity	30,547	29,573
Noncontrolling interests	0	0
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	30,547	29,573
Liabilities and Equity	110,734	110,992
Non Guarantor Subsidiaries
Assets [Abstract]
Cash and equivalents	41,718	46,994
Investments	44,414	47,394
Receivables - net	73,347	79,401
Inventories	21,820	21,076
Property, plant and equipment - net	45,148	46,366
Investment in subsidiaries	499,436	492,674
Goodwill and intangible assets	46,386	42,074
Other assets	196,989	201,276
Assets of discontinued operations	0	0
Total assets	969,258	977,255
Liabilities [Abstract]
Short-term borrowings	23,469	25,919
Accounts payable	48,182	47,366
Other current liabilities	23,802	25,095
Long term and non-recourse borrowings	54,840	68,912
Other liabilities	54,799	58,376
Liabilities of discontinued operations	0	0
Total liabilities	205,092	225,667
Redeemable noncontrolling interest	2,282	2,223
Total GE shareowners' equity	760,205	747,719
Noncontrolling interests	1,678	1,647
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	761,883	749,366
Liabilities and Equity	969,258	977,255
Consolidation adjustments
Assets [Abstract]
Cash and equivalents	(786)	(1,426)
Investments	(2,466)	(3,082)
Receivables - net	(138,057)	(148,385)
Inventories	(4,114)	(3,377)
Property, plant and equipment - net	(2,017)	(1,615)
Investment in subsidiaries	(856,687)	(845,840)
Goodwill and intangible assets	32,204	36,673
Other assets	(151,405)	(160,134)
Assets of discontinued operations	9,786	14,815
Total assets	(1,113,544)	(1,112,372)
Liabilities [Abstract]
Short-term borrowings	(205,226)	(208,727)
Accounts payable	(36,819)	(38,343)
Other current liabilities	30	114
Long term and non-recourse borrowings	(75,636)	(83,273)
Other liabilities	(7,438)	(9,656)
Liabilities of discontinued operations	1,741	4,158
Total liabilities	(323,347)	(335,727)
Redeemable noncontrolling interest	772	802
Total GE shareowners' equity	(790,929)	(777,463)
Noncontrolling interests	(39)	16
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	(790,968)	(777,447)
Liabilities and Equity	$ (1,113,544)	$ (1,112,372)

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Guarantor Financial Information (Statement of Financial Position - Paranthetical) (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Guarantee Obligations [Line Items]
Cash and equivalents	$ 41,564	$ 48,129

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Guarantor Financial Information (Statement of Cash Flows) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash flows - operating activities
Cash from (used for) operating activities - continuing operations	$ 967	$ 1,897
Cash from (used for) operating activities - discontinued operations	(658)	(1,252)
Cash from (used for) operating activities	309	644
Cash flows - investing activities
Cash from (used for) investing activities - continuing operations	4,520	24,672
Cash from (used for) investing activities - discontinued operations	(1,871)	7,112
Cash from (used for) investing activities	2,649	31,783
Cash flows - financing activities
Cash from (used for) financing activities - continuing operations	(12,185)	(22,007)
Cash from (used for) financing activities - discontinued operations	1,907	(112)
Cash from (used for) financing activities	(10,278)	(22,119)
Effect of currency exchange rate changes on cash and equivalents	133	31
Increase (decrease) in cash and equivalents	(7,187)	10,340
Cash and equivalents at beginning of year	49,558	90,878
Cash and equivalents at March 31	42,372	101,217
Less cash and equivalents of discontinued operations at March 31	808	26,143
Cash and equivalents of continuing operations at March 31	41,564	75,075
Parent Company Guarantor (General Electric)
Cash flows - operating activities
Cash from (used for) operating activities - continuing operations	(9,060)	(18,151)
Cash from (used for) operating activities - discontinued operations	(242)	(308)
Cash from (used for) operating activities	(9,302)	(18,459)
Cash flows - investing activities
Cash from (used for) investing activities - continuing operations	3,660	12,177
Cash from (used for) investing activities - discontinued operations	0	0
Cash from (used for) investing activities	3,660	12,177
Cash flows - financing activities
Cash from (used for) financing activities - continuing operations	3,713	4,866
Cash from (used for) financing activities - discontinued operations	0	0
Cash from (used for) financing activities	3,713	4,866
Effect of currency exchange rate changes on cash and equivalents	0	0
Increase (decrease) in cash and equivalents	(1,930)	(1,416)
Cash and equivalents at beginning of year	2,558	4,137
Cash and equivalents at March 31	628	2,721
Less cash and equivalents of discontinued operations at March 31	0	0
Cash and equivalents of continuing operations at March 31	628	2,721
Subsidiary Issuer (GE Capital)
Cash flows - operating activities
Cash from (used for) operating activities - continuing operations	13	352
Cash from (used for) operating activities - discontinued operations	0	0
Cash from (used for) operating activities	13	352
Cash flows - investing activities
Cash from (used for) investing activities - continuing operations	(13)	(517)
Cash from (used for) investing activities - discontinued operations	0	0
Cash from (used for) investing activities	(13)	(517)
Cash flows - financing activities
Cash from (used for) financing activities - continuing operations	0	165
Cash from (used for) financing activities - discontinued operations	0	0
Cash from (used for) financing activities	0	165
Effect of currency exchange rate changes on cash and equivalents	0	0
Increase (decrease) in cash and equivalents	0	0
Cash and equivalents at beginning of year	0	0
Cash and equivalents at March 31	0	0
Less cash and equivalents of discontinued operations at March 31	0	0
Cash and equivalents of continuing operations at March 31	0	0
Subsidiary Guarantor (Subsidiary)
Cash flows - operating activities
Cash from (used for) operating activities - continuing operations	628	(924)
Cash from (used for) operating activities - discontinued operations	0	682
Cash from (used for) operating activities	628	(242)
Cash flows - investing activities
Cash from (used for) investing activities - continuing operations	584	1,192
Cash from (used for) investing activities - discontinued operations	0	0
Cash from (used for) investing activities	584	1,192
Cash flows - financing activities
Cash from (used for) financing activities - continuing operations	(1,212)	(944)
Cash from (used for) financing activities - discontinued operations	0	0
Cash from (used for) financing activities	(1,212)	(944)
Effect of currency exchange rate changes on cash and equivalents	0	0
Increase (decrease) in cash and equivalents	0	6
Cash and equivalents at beginning of year	3	0
Cash and equivalents at March 31	3	6
Less cash and equivalents of discontinued operations at March 31	0	0
Cash and equivalents of continuing operations at March 31	3	6
Non Guarantor Subsidiaries
Cash flows - operating activities
Cash from (used for) operating activities - continuing operations	76,854	(17,005)
Cash from (used for) operating activities - discontinued operations	(419)	(1,370)
Cash from (used for) operating activities	76,435	(18,376)
Cash flows - investing activities
Cash from (used for) investing activities - continuing operations	(69,441)	76,560
Cash from (used for) investing activities - discontinued operations	(1,871)	7,112
Cash from (used for) investing activities	(71,312)	83,672
Cash flows - financing activities
Cash from (used for) financing activities - continuing operations	(13,062)	(47,916)
Cash from (used for) financing activities - discontinued operations	1,907	(112)
Cash from (used for) financing activities	(11,155)	(48,028)
Effect of currency exchange rate changes on cash and equivalents	133	31
Increase (decrease) in cash and equivalents	(5,897)	17,300
Cash and equivalents at beginning of year	48,423	107,350
Cash and equivalents at March 31	42,527	124,649
Less cash and equivalents of discontinued operations at March 31	808	26,143
Cash and equivalents of continuing operations at March 31	41,718	98,506
Consolidation adjustments
Cash flows - operating activities
Cash from (used for) operating activities - continuing operations	(67,468)	37,625
Cash from (used for) operating activities - discontinued operations	3	(256)
Cash from (used for) operating activities	(67,465)	37,369
Cash flows - investing activities
Cash from (used for) investing activities - continuing operations	69,730	(64,741)
Cash from (used for) investing activities - discontinued operations	0	0
Cash from (used for) investing activities	69,730	(64,741)
Cash flows - financing activities
Cash from (used for) financing activities - continuing operations	(1,624)	21,823
Cash from (used for) financing activities - discontinued operations	0	0
Cash from (used for) financing activities	(1,624)	21,823
Effect of currency exchange rate changes on cash and equivalents	0	0
Increase (decrease) in cash and equivalents	640	(5,550)
Cash and equivalents at beginning of year	(1,426)	(20,609)
Cash and equivalents at March 31	(786)	(26,158)
Less cash and equivalents of discontinued operations at March 31	0	0
Cash and equivalents of continuing operations at March 31	$ (786)	$ (26,158)

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Supplemental Information (Cash Flows Information) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
All other operating activities
All other operating activities	$ (2,060)	$ (103)
Net dispositions (purchases) of GE shares for treasury
Net dispositions (purchases) of GE shares for treasury	(1,578)	(6,326)
Net decrease (increase) in GE Capital financing receivables
Net decrease (increase) in GE Capital financing receivables	306	(11)
All other investing activities
All other investing activities	4,970	(10,593)
Repayments and other reductions (maturities longer than 90 days)
Repayments and other debt reductions (maturities longer than 90 days)	(8,666)	(14,381)
All Other financing activities [Abstract]
All other financing activities	(959)	(508)
GE
All other operating activities
(Gains) losses on purchases and sales of business interests(a)	(2)	(59)
Contract assets (net)(a)	(1,894)	(722)
Income taxes(b)	(415)	(635)
Interest charges(c)	198	116
Principal pension plan(d)	929	853
Other	(485)	(56)
All other operating activities	(1,669)	(502)
Net dispositions (purchases) of GE shares for treasury
Open market purchases under share repurchase program(e)	(1,888)	(6,412)
Other purchases	0	(309)
Dispositions	309	394
Net dispositions (purchases) of GE shares for treasury	(1,578)	(6,326)
Net decrease (increase) in GE Capital financing receivables
Net decrease (increase) in GE Capital financing receivables	0	0
All other investing activities
All other investing activities	(309)	(614)
Repayments and other reductions (maturities longer than 90 days)
Repayments and other debt reductions (maturities longer than 90 days)	(1,411)	(150)
All Other financing activities [Abstract]
All other financing activities	(217)	(228)
GE Capital
All other operating activities
All other operating activities	(562)	(176)
Net dispositions (purchases) of GE shares for treasury
Net dispositions (purchases) of GE shares for treasury	0	0
Net decrease (increase) in GE Capital financing receivables
Net decrease (increase) in GE Capital financing receivables	2,967	1,466
All other investing activities
All other investing activities	3,124	(9,592)
Repayments and other reductions (maturities longer than 90 days)
Repayments and other debt reductions (maturities longer than 90 days)	(8,594)	(14,231)
All Other financing activities [Abstract]
All other financing activities	$ (737)	$ (415)

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Supplemental Information (Derivatives and Hedging) (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Derivatives, Fair Value [Line Items]
Derivative assets	$ 4,332	$ 5,467
Derivative liabilities	3,717	4,883
Netting adjustment of derivative gross asset	(2,169)	(3,097)
Netting adjustment of derivative gross liability	(2,165)	(3,094)
Cash collateral assets	(934)	(672)
Net derivative assets	793	1,113
Net derivative liabilities	760	410
Cumulative gain (loss) adjustment for non performance risk	(3)	(3)
Excluded excess cash collateral received	151	6
Excluded excess cash collateral posted	317	177
Excluded excess securities collateral received	35	0
Derivatives Accounted For As Hedges
Derivatives, Fair Value [Line Items]
Derivative assets	2,926	3,508
Derivative liabilities	521	834
Derivatives Not Accounted For As Hedges
Derivatives, Fair Value [Line Items]
Derivative assets	1,406	1,958
Derivative liabilities	3,195	4,048
Interest Rate Contracts | Derivatives Accounted For As Hedges
Derivatives, Fair Value [Line Items]
Derivative assets	2,818	3,106
Derivative liabilities	161	210
Interest Rate Contracts | Derivatives Not Accounted For As Hedges
Derivatives, Fair Value [Line Items]
Derivative assets	51	62
Derivative liabilities	14	20
Currency Exchange Contracts | Derivatives Accounted For As Hedges
Derivatives, Fair Value [Line Items]
Derivative assets	108	402
Derivative liabilities	360	624
Currency Exchange Contracts | Derivatives Not Accounted For As Hedges
Derivatives, Fair Value [Line Items]
Derivative assets	1,244	1,778
Derivative liabilities	3,164	4,011
Other Contracts | Derivatives Accounted For As Hedges
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	110	119
Derivative liabilities	17	17
Gross Accrued Interest [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	330	768
Derivative liabilities	(22)	(24)
Gross Derivatives [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	4,662	6,234
Derivative liabilities	3,695	4,859
Amounts Offset In Statement Of Financial Position [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	(3,869)	(5,121)
Derivative liabilities	(2,935)	(4,449)
Cash collateral assets	(1,700)	(2,025)
Cash collateral liabilities	(770)	(1,355)
Securities Pledged as Collateral [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	(323)	(442)
Derivative liabilities	0	0
Net Derivative [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	470	671
Derivative liabilities	$ 760	$ 410

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Supplemental Information (Derivatives and Hedging - Cash Flow Hedges) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Sep. 30, 2016	Sep. 30, 2015
Summary Of Cash Flow Hedge Activity [Line Items]
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months	$ 40
Maximum term of hedged forecasted transactions			16 years	17 years
Cash Flow Hedges [Member]
Summary Of Cash Flow Hedge Activity [Line Items]
Gain (loss) recognized in AOCI	22	$ (57)
Gain (loss) reclassified from AOCI into earnings	(1)	(84)
Pre-tax gain (loss) included in AOCI related to cash flow hedges of forecasted transactions	66
Interest Rate Contracts
Summary Of Cash Flow Hedge Activity [Line Items]
Gain (loss) recognized in AOCI	(2)	19
Gain (loss) reclassified from AOCI into earnings	(9)	(30)
Currency Exchange Contracts
Summary Of Cash Flow Hedge Activity [Line Items]
Gain (loss) recognized in AOCI	22	(77)
Gain (loss) reclassified from AOCI into earnings	8	(53)
Commodity Contracts
Summary Of Cash Flow Hedge Activity [Line Items]
Gain (loss) recognized in AOCI	2	1
Gain (loss) reclassified from AOCI into earnings	$ 0	$ (2)

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Supplemental Information (Derivatives and Hedging - Counterparty Credit Risk) (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Derivative, Credit Risk Related Contingent Features [Abstract]
Securities held as collateral	$ 323	$ 442
Cash collateral	934	672
Total fair value of collateral	2,024
Collateral Already Posted, Aggregate Fair Value	770
Exposure to counterparties including interest net collateral excluding embedded derivatives	331
Derivative liability after collateral and outstanding interest payments excluding embedded derivatives	714
Amounts Offset In Statement Of Financial Position [Member]
Derivative, Credit Risk Related Contingent Features [Abstract]
Cash collateral	$ 1,700	$ 2,025