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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)