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STATEMENT OF EARNINGS (LOSS) (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues    
Sales of goods $ 17,282 $ 16,744
Sales of services 9,592 7,872
GE Capital revenues from services 1,786 2,264
Total revenues 28,660 26,881
Costs and expenses    
Cost of goods sold 14,181 14,297
Cost of services sold 7,345 5,933
Selling, general and administrative expenses 4,204 4,287
Interest and other financial charges 1,285 1,139
Investment contracts, insurance losses and insurance annuity benefits 630 634
Non-operating benefit costs 688 651
Other costs and expenses 121 190
Total costs and expenses 28,453 27,131
Other income 205 197
GE Capital earnings (loss) from continuing operations 0 0
Earnings (loss) from continuing operations before income taxes 413 (53)
Benefit (provision) for income taxes 27 105
Earnings (loss) from continuing operations 440 52
Earnings (loss) from discontinued operations, net of taxes (1,553) (239)
Net earnings (loss) (1,113) (187)
Less net earnings (loss) attributable to noncontrolling interests 34 (104)
Net earnings (loss) attributable to the Company (1,147) (83)
Preferred stock dividends (37) (34)
Net earnings (loss) attributable to GE common shareowners (1,184) (117)
Amounts attributable to GE common shareowners    
Earnings (loss) from continuing operations 440 52
Less net earnings (loss) attributable to noncontrolling interests, continuing operations 34 (104)
Earnings (loss) from continuing operations attributable to the Company 406 156
Preferred stock dividends (37) (34)
Earnings (loss) from continuing operations attributable to GE common shareowners 369 122
Earnings (loss) from discontinued operations, net of taxes (1,553) (239)
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations 0 0
Net earnings (loss) attributable to GE common shareowners $ (1,184) $ (117)
Earnings (loss) from continuing operations    
Diluted earnings (loss) per share (in dollars per share) $ 0.04 $ 0.01
Basic earnings (loss) per share (in dollars per share) 0.04 0.01
Net earnings (loss)    
Diluted earnings (loss) per share (in dollars per share) (0.14) (0.01)
Basic earnings (loss) per share (in dollars per share) (0.14) (0.01)
Dividends declared per common share (in dollars per share) $ 0.12 $ 0.24
GE    
Revenues    
Sales of goods [1] $ 17,273 $ 16,770
Sales of services [1] 9,621 8,011
GE Capital revenues from services [1] 0 0
Total revenues [1] 26,894 24,780
Costs and expenses    
Cost of goods sold [1] 14,172 14,328
Cost of services sold [1] 6,855 5,516
Selling, general and administrative expenses [1] 3,999 3,803
Interest and other financial charges [1] 642 564
Investment contracts, insurance losses and insurance annuity benefits [1] 0 0
Non-operating benefit costs [1] 684 649
Other costs and expenses [1] 0 0
Total costs and expenses [1] 26,352 24,860
Other income [1] 193 166
GE Capital earnings (loss) from continuing operations [1] (215) (47)
Earnings (loss) from continuing operations before income taxes [1] 519 39
Benefit (provision) for income taxes [1] (112) (23)
Earnings (loss) from continuing operations [1] 407 16
Earnings (loss) from discontinued operations, net of taxes [1],[2] (1,553) (239)
Net earnings (loss) [1],[2] (1,146) (223)
Less net earnings (loss) attributable to noncontrolling interests [1] 38 (106)
Net earnings (loss) attributable to the Company [1] (1,184) (117)
Preferred stock dividends [1] 0 0
Net earnings (loss) attributable to GE common shareowners [1] (1,184) (117)
Amounts attributable to GE common shareowners    
Earnings (loss) from continuing operations [1] 407 16
Less net earnings (loss) attributable to noncontrolling interests, continuing operations [1] 38 (106)
Earnings (loss) from continuing operations attributable to the Company [1] 369 122
Preferred stock dividends [1] 0 0
Earnings (loss) from continuing operations attributable to GE common shareowners [1] 369 122
Earnings (loss) from discontinued operations, net of taxes [1],[2] (1,553) (239)
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations [1] 0 0
Net earnings (loss) attributable to GE common shareowners [1] (1,184) (117)
Financial Services (GE Capital)    
Revenues    
Sales of goods 32 29
Sales of services 0 0
GE Capital revenues from services 2,141 2,652
Total revenues 2,173 2,681
Costs and expenses    
Cost of goods sold 25 23
Cost of services sold 525 562
Selling, general and administrative expenses 343 572
Interest and other financial charges 819 812
Investment contracts, insurance losses and insurance annuity benefits 645 636
Non-operating benefit costs 4 2
Other costs and expenses 133 214
Total costs and expenses 2,495 2,820
Other income 0 0
GE Capital earnings (loss) from continuing operations 0 0
Earnings (loss) from continuing operations before income taxes (321) (139)
Benefit (provision) for income taxes 139 128
Earnings (loss) from continuing operations (182) (11)
Earnings (loss) from discontinued operations, net of taxes (1,553) (242)
Net earnings (loss) (1,735) (253)
Less net earnings (loss) attributable to noncontrolling interests (4) 2
Net earnings (loss) attributable to the Company (1,731) (256)
Preferred stock dividends (37) (34)
Net earnings (loss) attributable to GE common shareowners (1,768) (290)
Amounts attributable to GE common shareowners    
Earnings (loss) from continuing operations (182) (11)
Less net earnings (loss) attributable to noncontrolling interests, continuing operations (4) 2
Earnings (loss) from continuing operations attributable to the Company (179) (13)
Preferred stock dividends (37) (34)
Earnings (loss) from continuing operations attributable to GE common shareowners (215) (47)
Earnings (loss) from discontinued operations, net of taxes (1,553) (242)
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations 0 0
Net earnings (loss) attributable to GE common shareowners $ (1,768) $ (290)
[1] Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis. See Note 1.
[2] Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis.