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STATEMENT OF EARNINGS (LOSS) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues and other income      
Sales of goods $ 75,641 $ 75,414 $ 74,510
Sales of services 37,551 34,976 31,298
Other income (Note 17) 1,625 4,005 2,227
GE Capital earnings (loss) from continuing operations 0 0 0
GE Capital revenues from services 7,276 9,297 9,350
Total revenues and other income 122,092 123,693 117,386
Costs and expenses (Note 25)      
Cost of goods sold 64,328 62,440 59,905
Cost of services sold 27,606 25,043 22,788
Selling, general and administrative expenses 18,280 18,377 17,831
Interest and other financial charges 4,869 5,025 3,463
Investment contracts, insurance losses and insurance annuity benefits 12,168 2,797 2,605
Other costs and expenses 3,632 982 2,608
Total costs and expenses 130,883 114,663 109,200
Earnings (loss) from continuing operations before income taxes (8,791) 9,030 8,186
Benefit (provision) for income taxes (Note 13) 3,043 464 (6,485)
Earnings (loss) from continuing operations (5,748) 9,494 1,700
Earnings (loss) from discontinued operations, net of taxes (Note 2) (309) (954) (7,495)
Net earnings (loss) (6,056) 8,540 (5,795)
Less net earnings (loss) attributable to noncontrolling interests (270) (291) 332
Net earnings (loss) attributable to the Company (5,786) 8,831 (6,126)
Preferred stock dividends (436) (656) (18)
Net earnings (loss) attributable to GE common shareowners (6,222) 8,176 (6,145)
Amounts attributable to GE common shareowners:      
Earnings (loss) from continuing operations (5,748) 9,494 1,700
Less net earnings (loss) attributable to noncontrolling interests, continuing operations (277) (290) 19
Earnings (loss) from continuing operations attributable to the Company (5,471) 9,784 1,681
Preferred stock dividends (436) (656) (18)
Earnings (loss) from continuing operations attributable to GE common shareowners (5,907) 9,128 1,663
Earnings (loss) from discontinued operations, net of taxes (309) (954) (7,495)
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations 6 (1) 312
Net earnings (loss) attributable to GE common shareowners $ (6,222) $ 8,176 $ (6,145)
Earnings (loss) from continuing operations      
Diluted earnings (loss) per share (in dollars per share) $ (0.68) $ 1.00 $ 0.17
Basic earnings (loss) per share (in dollars per share) (0.68) 1.01 0.17
Net earnings (loss)      
Diluted earnings (loss) per share (in dollars per share) (0.72) 0.89 (0.61)
Basic earnings (loss) per share (in dollars per share) (0.72) 0.90 (0.62)
Dividends declared per common share (in dollars per share) $ 0.84 $ 0.93 $ 0.92
GE      
Revenues and other income      
Sales of goods [1] $ 75,718 $ 75,580 $ 74,565
Sales of services [1] 37,761 35,255 31,641
Other income (Note 17) [1] 1,436 4,092 2,165
GE Capital earnings (loss) from continuing operations [1] (6,765) (1,251) (7,672)
GE Capital revenues from services [1] 0 0 0
Total revenues and other income [1] 108,150 113,676 100,700
Costs and expenses (Note 25)      
Cost of goods sold [1] 64,433 62,628 59,970
Cost of services sold [1] 25,619 23,084 20,858
Selling, general and administrative expenses [1] 17,103 16,123 14,914
Interest and other financial charges [1] 2,753 2,026 1,706
Investment contracts, insurance losses and insurance annuity benefits [1] 0 0 0
Other costs and expenses [1] 1,165 0 0
Total costs and expenses [1] 111,072 103,860 97,447
Earnings (loss) from continuing operations before income taxes [1] (2,922) 9,815 3,252
Benefit (provision) for income taxes (Note 13) [1] (3,259) (967) (1,506)
Earnings (loss) from continuing operations [1] (6,181) 8,849 1,746
Earnings (loss) from discontinued operations, net of taxes (Note 2) [1] (315) (952) (7,807)
Net earnings (loss) [1] (6,496) 7,896 (6,061)
Less net earnings (loss) attributable to noncontrolling interests [1] (274) (279) 83
Net earnings (loss) attributable to the Company [1] (6,222) 8,176 (6,145)
Preferred stock dividends [1] 0 0 0
Net earnings (loss) attributable to GE common shareowners [1] (6,222) 8,176 (6,145)
Amounts attributable to GE common shareowners:      
Earnings (loss) from continuing operations [1] (6,181) 8,849 1,746
Less net earnings (loss) attributable to noncontrolling interests, continuing operations [1] (274) (279) 83
Earnings (loss) from continuing operations attributable to the Company [1] (5,907) 9,128 1,663
Preferred stock dividends [1] 0 0 0
Earnings (loss) from continuing operations attributable to GE common shareowners [1] (5,907) 9,128 1,663
Earnings (loss) from discontinued operations, net of taxes [1] (315) (952) (7,807)
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations [1] 0 0 0
Net earnings (loss) attributable to GE common shareowners [1] (6,222) 8,176 (6,145)
Financial Services (GE Capital)      
Revenues and other income      
Sales of goods 130 115 79
Sales of services 0 0 0
Other income (Note 17) 0 0 0
GE Capital earnings (loss) from continuing operations 0 0 0
GE Capital revenues from services 8,940 10,790 10,722
Total revenues and other income 9,070 10,905 10,801
Costs and expenses (Note 25)      
Cost of goods sold 102 93 69
Cost of services sold 2,196 2,238 2,273
Selling, general and administrative expenses 1,676 2,947 3,512
Interest and other financial charges 3,145 3,790 2,301
Investment contracts, insurance losses and insurance annuity benefits 12,213 2,861 2,737
Other costs and expenses 2,371 1,013 2,647
Total costs and expenses 21,703 12,942 13,539
Earnings (loss) from continuing operations before income taxes (12,633) (2,037) (2,739)
Benefit (provision) for income taxes (Note 13) 6,302 1,431 (4,979)
Earnings (loss) from continuing operations (6,331) (606) (7,718)
Earnings (loss) from discontinued operations, net of taxes (Note 2) (312) (954) (7,485)
Net earnings (loss) (6,643) (1,560) (15,202)
Less net earnings (loss) attributable to noncontrolling interests 4 (12) 248
Net earnings (loss) attributable to the Company (6,647) (1,548) (15,450)
Preferred stock dividends (436) (656) (330)
Net earnings (loss) attributable to GE common shareowners (7,083) (2,204) (15,780)
Amounts attributable to GE common shareowners:      
Earnings (loss) from continuing operations (6,331) (606) (7,718)
Less net earnings (loss) attributable to noncontrolling interests, continuing operations (3) (10) (64)
Earnings (loss) from continuing operations attributable to the Company (6,328) (595) (7,654)
Preferred stock dividends (436) (656) (330)
Earnings (loss) from continuing operations attributable to GE common shareowners (6,765) (1,251) (7,983)
Earnings (loss) from discontinued operations, net of taxes (312) (954) (7,485)
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations 6 (1) 312
Net earnings (loss) attributable to GE common shareowners $ (7,083) $ (2,204) $ (15,780)
[1] Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis. See Note 1.