XML 116 R5.htm IDEA: XBRL DOCUMENT v3.7.0.1
STATEMENT OF FINANCIAL POSITION - USD ($)
$ in Millions
Jun. 30, 2017
Dec. 31, 2016
Assets    
Cash and equivalents $ 44,049 $ 48,129
Investment securities (Note 3) 39,968 44,313
Current receivables (Note 4) 21,447 24,076
Inventories (Note 5) 22,843 22,354
Financing receivables – net (Note 6) 12,149 12,242
Other GE Capital receivables 6,156 5,944
Property, plant and equipment – net (Note 7) 50,167 50,518
Receivable from GE Capital (debt assumption) 0 0
Investment in GE Capital 0 0
Goodwill (Note 8) 72,335 70,438
Other intangible assets – net (Note 8) 16,929 16,436
Contract assets (Note 9) 28,924 25,162
All other assets 27,318 27,176
Deferred income taxes, assets (Note 13) 1,241 1,833
Assets of businesses held for sale (Note 2) 4,096 1,745
Assets of discontinued operations (Note 2) 7,850 14,815
Total assets [1] 355,473 365,183
Liabilities and equity    
Short-term borrowings (Note 10) 30,044 30,714
Accounts payable, principally trade accounts 13,283 14,435
Progress collections and price adjustments accrued 17,162 16,760
Dividends payable 2,090 2,107
Other GE current liabilities 16,755 17,564
Non-recourse borrowings of consolidated securitization entities (Note 10) 682 417
Long-term borrowings (Note 10) 103,676 105,080
Investment contracts, insurance liabilities and insurance annuity benefits (Note 11) 26,471 26,086
Non-current compensation and benefits 42,621 43,780
All other liabilities 21,607 22,912
Liabilities of businesses held for sale (Note 2) 1,195 656
Liabilities of discontinued operations (Note 2) [1] 911 4,158
Total Liabilities 276,498 284,668
Redeemable noncontrolling interests (Note 14) 3,193 3,025
Preferred stock (5,944,250 shares outstanding at both June 30, 2017 and December 31, 2016) 6 6
Common stock (8,657,946,000 and 8,742,614,000 shares outstanding at June 30, 2017 and December 31, 2016, respectively) 702 702
Accumulated other comprehensive income (loss) – net attributable to GE    
Investment securities [2] 866 674
Currency translation adjustments [2] (5,481) (6,816)
Cash flow hedges [2] 22 12
Benefit plans [2] (10,860) (12,469)
Other capital [2] 37,468 37,224
Retained earnings [2] 137,044 139,532
Less common stock held in treasury [2] (85,617) (83,038)
Total GE shareowners’ equity [2] 74,148 75,828
Noncontrolling interests (Note 14) [3] 1,634 1,663
Total equity 75,783 77,491
Total liabilities, redeemable noncontrolling interests and equity 355,473 365,183
GE    
Assets    
Cash and equivalents [4] 14,220 10,525
Investment securities (Note 3) [4] 162 137
Current receivables (Note 4) [4] 11,697 12,715
Inventories (Note 5) [4] 22,754 22,263
Financing receivables – net (Note 6) [4] 0 0
Other GE Capital receivables [4] 0 0
Property, plant and equipment – net (Note 7) [4] 19,593 19,103
Receivable from GE Capital (debt assumption) [4],[5] 48,216 58,780
Investment in GE Capital [4] 20,729 24,677
Goodwill (Note 8) [4] 69,966 68,070
Other intangible assets – net (Note 8) [4] 16,655 16,131
Contract assets (Note 9) [4] 28,924 25,162
All other assets [4] 13,411 12,007
Deferred income taxes, assets (Note 13) [4] 6,638 6,666
Assets of businesses held for sale (Note 2) [4] 3,816 1,629
Assets of discontinued operations (Note 2) [4] 0 9
Total assets [4] 276,782 277,874
Liabilities and equity    
Short-term borrowings (Note 10) [4],[5] 20,331 20,482
Accounts payable, principally trade accounts [4] 19,384 20,876
Progress collections and price adjustments accrued [4] 17,292 16,838
Dividends payable [4] 2,090 2,107
Other GE current liabilities [4] 16,755 17,564
Non-recourse borrowings of consolidated securitization entities (Note 10) [4] 0 0
Long-term borrowings (Note 10) [4],[5] 61,611 58,810
Investment contracts, insurance liabilities and insurance annuity benefits (Note 11) [4] 0 0
Non-current compensation and benefits [4] 41,573 42,770
All other liabilities [4] 17,838 17,506
Liabilities of businesses held for sale (Note 2) [4] 1,195 656
Liabilities of discontinued operations (Note 2) [4] 23 35
Total Liabilities [4] 198,091 197,644
Redeemable noncontrolling interests (Note 14) [4] 3,193 3,025
Preferred stock (5,944,250 shares outstanding at both June 30, 2017 and December 31, 2016) [4] 6 6
Common stock (8,657,946,000 and 8,742,614,000 shares outstanding at June 30, 2017 and December 31, 2016, respectively) [4] 702 702
Accumulated other comprehensive income (loss) – net attributable to GE    
Investment securities [4] 866 674
Currency translation adjustments [4] (5,481) (6,816)
Cash flow hedges [4] 22 12
Benefit plans [4] (10,860) (12,469)
Other capital [4] 37,468 37,224
Retained earnings [4] 137,044 139,532
Less common stock held in treasury [4] (85,617) (83,038)
Total GE shareowners’ equity [4] 74,148 75,828
Noncontrolling interests (Note 14) [4] 1,349 1,378
Total equity [4] 75,498 77,205
Total liabilities, redeemable noncontrolling interests and equity [4] 276,782 277,874
Financial Services (GE Capital)    
Assets    
Cash and equivalents 29,829 37,604
Investment securities (Note 3) 39,809 44,180
Current receivables (Note 4) 0 0
Inventories (Note 5) 89 91
Financing receivables – net (Note 6) 24,696 26,041
Other GE Capital receivables 15,996 15,576
Property, plant and equipment – net (Note 7) 31,491 32,225
Receivable from GE Capital (debt assumption) [5] 0 0
Investment in GE Capital 0 0
Goodwill (Note 8) 2,369 2,368
Other intangible assets – net (Note 8) 275 305
Contract assets (Note 9) 0 0
All other assets 13,445 14,608
Deferred income taxes, liabilities (Note 13) (5,398) (4,833)
Assets of businesses held for sale (Note 2) 0 0
Assets of discontinued operations (Note 2) 7,850 14,806
Total assets 160,452 182,970
Liabilities and equity    
Short-term borrowings (Note 10) [5] 23,373 23,443
Accounts payable, principally trade accounts 1,723 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) 682 417
Long-term borrowings (Note 10) [5] 78,852 93,443
Investment contracts, insurance liabilities and insurance annuity benefits (Note 11) 27,016 26,546
Non-current compensation and benefits 1,040 1,001
All other liabilities 5,863 7,430
Liabilities of businesses held for sale (Note 2) 0 0
Liabilities of discontinued operations (Note 2) 888 4,123
Total Liabilities 139,438 158,008
Redeemable noncontrolling interests (Note 14) 0 0
Preferred stock (5,944,250 shares outstanding at both June 30, 2017 and December 31, 2016) 6 6
Common stock (8,657,946,000 and 8,742,614,000 shares outstanding at June 30, 2017 and December 31, 2016, respectively) 0 0
Accumulated other comprehensive income (loss) – net attributable to GE    
Investment securities 857 656
Currency translation adjustments (270) (740)
Cash flow hedges 10 43
Benefit plans (556) (622)
Other capital 12,737 12,669
Retained earnings 7,945 12,664
Less common stock held in treasury 0 0
Total GE shareowners’ equity 20,729 24,677
Noncontrolling interests (Note 14) 285 285
Total equity 21,014 24,962
Total liabilities, redeemable noncontrolling interests and equity $ 160,452 $ 182,970
[1] Our consolidated assets at June 30, 2017 included total assets of $5,851 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 $1,445 million and investment securities of $1,004 million within continuing operations and assets of discontinued operations of $285 million. Our consolidated liabilities at June 30, 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 $(682) million within continuing operations. See Note 17.
[2] The sum of accumulated other comprehensive income (loss) (AOCI) attributable to the Company was $(15,454) million and $(18,598) million at June 30, 2017 and December 31, 2016, respectively.
[3] Included AOCI attributable to noncontrolling interests of $(271) million and $(278) million at June 30, 2017 and December 31, 2016, respectively.
[4] Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis. See Note 1.
[5] 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.