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QUARTERLY INFORMATION (UNAUDITED)
 12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
QUARTERLY INFORMATION (UNAUDITED)
NOTE 27. QUARTERLY INFORMATION (UNAUDITED)

 
First quarter
 
Second quarter
 
Third quarter
 
Fourth quarter
(In millions; per-share amounts in dollars)
2017

2016

 
2017

2016

 
2017

2016

 
2017

2016

 
 
 
 
 
 
 
 
 
 
 
 
Consolidated operations
 
 
 
 
 
 
 
 
 
 
 
Earnings (loss) from continuing operations
$
816

$
415

 
$
1,499

$
3,363

 
$
1,800

$
2,056

 
$
(9,863
)
$
3,659

Earnings (loss) from discontinued
operations
(239
)
(308
)
 
(146
)
(541
)
 
(106
)
(105
)
 
182

—

Net earnings (loss)
577

107

 
1,354

2,823

 
1,694

1,951

 
(9,681
)
3,659

Less net earnings (loss) attributable to
noncontrolling interests
(76
)
(121
)
 
(14
)
(86
)
 
(142
)
(76
)
 
(39
)
(8
)
Net earnings (loss) attributable to
the Company
$
653

$
228

 
$
1,367

$
2,908

 
$
1,836

$
2,027

 
$
(9,642
)
$
3,667

Per-share amounts – earnings (loss) from
continuing operations
 
 
 
 
 
 
 
 
 
 
 
Diluted earnings (loss) per share
$
0.10

$
0.03

 
$
0.15

$
0.36

 
$
0.22

$
0.23

 
$
(1.15
)
$
0.39

Basic earnings (loss) per share
0.10

0.03

 
0.15

0.36

 
0.22

0.24

 
(1.15
)
0.39

Per-share amounts – earnings (loss)
from discontinued operations
 
 
 
 
 
 
 
 
 
 
 
Diluted earnings (loss) per share
(0.03
)
(0.03
)
 
(0.02
)
(0.06
)
 
(0.01
)
(0.01
)
 
0.02

0.00

Basic earnings (loss) per share
(0.03
)
(0.03
)
 
(0.02
)
(0.06
)
 
(0.01
)
(0.01
)
 
0.02

0.00

Per-share amounts – net earnings (loss)
 
 
 
 
 
 
 
 
 
 
 
Diluted earnings (loss) per share
0.07

(0.01
)
 
0.13

0.30

 
0.21

0.22

 
(1.13
)
0.39

Basic earnings (loss) per share
0.07

(0.01
)
 
0.14

0.30

 
0.21

0.22

 
(1.13
)
0.40

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Selected data
 
 
 
 
 
 
 
 
 
 
 
GE
 
 
 
 
 
 
 
 
 
 
 
Sales of goods and services
$
25,392

$
25,407

 
$
27,293

$
28,150

 
$
29,438

$
26,934

 
$
31,356

$
30,345

Gross profit from sales
5,418

5,516

 
5,965

6,192

 
5,918

6,388

 
6,126

7,027

GE Capital
 
 
 
 
 
 
 
 
 
 
 
Total revenues
2,681

2,885

 
2,446

2,771

 
2,397

2,600

 
1,545

2,649

Earnings (loss) from continuing operations
attributable to the Company
(13
)
(603
)
 
10

(448
)
 
60

59

 
(6,385
)
397



For GE, gross profit from sales is sales of goods and services less costs of goods and services sold.

Earnings-per-share amounts are computed independently each quarter for earnings (loss) from continuing operations, earnings (loss) from discontinued operations and net earnings. As a result, the sum of each quarter’s per-share amount may not equal the total per-share amount for the respective year; and the sum of per-share amounts from continuing operations and discontinued operations may not equal the total per-share amounts for net earnings (loss) for the respective quarters.