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STATEMENT OF EARNINGS (LOSS) (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues        
Sales $ 28,093 $ 27,075 $ 54,967 $ 51,691
GE Capital revenues from services 2,011 2,022 3,797 4,286
Total revenues 30,104 29,097 58,764 55,978
Costs and expenses        
Selling, general and administrative expenses 4,488 4,152 8,692 8,439
Interest and other financial charges 1,295 1,174 2,580 2,313
Investment contracts, insurance losses and insurance annuity benefits 669 657 1,299 1,291
Non-operating benefit costs 693 561 1,381 1,212
Other costs and expenses 68 133 188 323
Total costs and expenses 29,636 28,300 58,089 55,431
Other income 864 330 1,069 527
GE Capital earnings (loss) from continuing operations 0 0 0 0
Earnings (loss) from continuing operations before income taxes 1,331 1,127 1,744 1,074
Benefit (provision) for income taxes (542) 38 (515) 142
Earnings (loss) from continuing operations 789 1,164 1,229 1,217
Earnings (loss) from discontinued operations, net of taxes (121) (146) (1,673) (385)
Net earnings (loss) 669 1,019 (444) 832
Less net earnings (loss) attributable to noncontrolling interests (132) (38) (98) (142)
Net earnings (loss) attributable to the Company 800 1,057 (347) 974
Preferred stock dividends (185) (182) (222) (216)
Net earnings (loss) attributable to GE common shareowners 615 875 (568) 758
Amounts attributable to GE common shareowners        
Earnings (loss) from continuing operations 789 1,164 1,229 1,217
Less net earnings (loss) attributable to noncontrolling interests, continuing operations (132) (45) (98) (149)
Earnings (loss) from continuing operations attributable to the Company 921 1,210 1,327 1,366
Preferred stock dividends (185) (182) (222) (216)
Earnings (loss) from continuing operations attributable to GE common shareowners 736 1,028 1,105 1,150
Earnings (loss) from discontinued operations, net of taxes (121) (146) (1,673) (385)
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations 0 7 0 7
Net earnings (loss) attributable to GE common shareowners $ 615 $ 875 $ (568) $ 758
Earnings (loss) from continuing operations        
Diluted earnings (loss) per share (in dollars per share) $ 0.08 $ 0.12 $ 0.13 $ 0.13
Basic earnings (loss) per share (in dollars per share) 0.08 0.12 0.13 0.13
Net earnings (loss)        
Diluted earnings (loss) per share (in dollars per share) 0.07 0.10 (0.07) 0.09
Basic earnings (loss) per share (in dollars per share) 0.07 0.10 (0.07) 0.09
Dividends declared per common share (in dollars per share) $ 0.12 $ 0.24 $ 0.24 $ 0.48
Goods        
Revenues        
Sales $ 18,000 $ 18,360 $ 35,282 $ 35,104
Costs and expenses        
Cost of sales 14,932 15,253 29,112 29,550
Services        
Revenues        
Sales 10,093 8,715 19,685 16,587
Costs and expenses        
Cost of sales 7,492 6,370 14,837 12,304
GE        
Revenues        
GE Capital revenues from services [1] 0 0 0 0
Total revenues [1] 28,079 27,129 54,973 51,909
Costs and expenses        
Selling, general and administrative expenses [1] 4,331 3,792 8,330 7,595
Interest and other financial charges [1] 690 637 1,333 1,200
Investment contracts, insurance losses and insurance annuity benefits [1] 0 0 0 0
Non-operating benefit costs [1] 690 552 1,374 1,201
Other costs and expenses [1] 0 0 0 0
Total costs and expenses [1] 27,588 26,139 53,941 50,999
Other income [1] 843 332 1,036 498
GE Capital earnings (loss) from continuing operations [1] (207) (172) (422) (219)
Earnings (loss) from continuing operations before income taxes [1] 1,127 1,150 1,646 1,189
Benefit (provision) for income taxes [1] (525) (165) (637) (188)
Earnings (loss) from continuing operations [1] 602 985 1,009 1,002
Earnings (loss) from discontinued operations, net of taxes [1] (121) (152) (1,673) (392)
Net earnings (loss) [1] 482 833 (664) 610
Less net earnings (loss) attributable to noncontrolling interests [1] (133) (42) (96) (148)
Net earnings (loss) attributable to the Company [1] 615 875 (568) 758
Preferred stock dividends [1] 0 0 0 0
Net earnings (loss) attributable to GE common shareowners [1] 615 875 (568) 758
Amounts attributable to GE common shareowners        
Earnings (loss) from continuing operations [1] 602 985 1,009 1,002
Less net earnings (loss) attributable to noncontrolling interests, continuing operations [1] (133) (42) (96) (148)
Earnings (loss) from continuing operations attributable to the Company [1] 736 1,028 1,105 1,150
Preferred stock dividends [1] 0 0 0 0
Earnings (loss) from continuing operations attributable to GE common shareowners [1] 736 1,028 1,105 1,150
Earnings (loss) from discontinued operations, net of taxes [1] (121) (152) (1,673) (392)
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations [1] 0 0 0 0
Net earnings (loss) attributable to GE common shareowners [1] 615 875 (568) 758
GE | Goods        
Revenues        
Sales [1] 17,960 18,423 35,233 35,192
Costs and expenses        
Cost of sales [1] 14,898 15,322 29,070 29,651
GE | Services        
Revenues        
Sales [1] 10,120 8,706 19,740 16,717
Costs and expenses        
Cost of sales [1] 6,979 5,836 13,834 11,352
Financial Services (GE Capital)        
Revenues        
GE Capital revenues from services 2,398 2,413 4,539 5,065
Total revenues 2,429 2,446 4,602 5,127
Costs and expenses        
Selling, general and administrative expenses 312 490 655 1,062
Interest and other financial charges 772 771 1,592 1,582
Investment contracts, insurance losses and insurance annuity benefits 694 682 1,339 1,318
Non-operating benefit costs 3 9 7 11
Other costs and expenses 79 144 212 358
Total costs and expenses 2,432 2,641 4,926 5,461
Other income 0 0 0 0
GE Capital earnings (loss) from continuing operations 0 0 0 0
Earnings (loss) from continuing operations before income taxes (3) (195) (324) (334)
Benefit (provision) for income taxes (17) 202 122 330
Earnings (loss) from continuing operations (20) 7 (202) (4)
Earnings (loss) from discontinued operations, net of taxes (66) (146) (1,618) (388)
Net earnings (loss) (86) (138) (1,821) (392)
Less net earnings (loss) attributable to noncontrolling interests 2 4 (2) 6
Net earnings (loss) attributable to the Company (88) (142) (1,819) (398)
Preferred stock dividends (185) (182) (222) (216)
Net earnings (loss) attributable to GE common shareowners (273) (324) (2,041) (614)
Amounts attributable to GE common shareowners        
Earnings (loss) from continuing operations (20) 7 (202) (4)
Less net earnings (loss) attributable to noncontrolling interests, continuing operations 2 (3) (2) (1)
Earnings (loss) from continuing operations attributable to the Company (22) 10 (201) (3)
Preferred stock dividends (185) (182) (222) (216)
Earnings (loss) from continuing operations attributable to GE common shareowners (207) (172) (422) (219)
Earnings (loss) from discontinued operations, net of taxes (66) (146) (1,618) (388)
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations 0 7 0 7
Net earnings (loss) attributable to GE common shareowners (273) (324) (2,041) (614)
Financial Services (GE Capital) | Goods        
Revenues        
Sales 31 33 63 62
Costs and expenses        
Cost of sales 24 27 50 50
Financial Services (GE Capital) | Services        
Revenues        
Sales 0 0 0 0
Costs and expenses        
Cost of sales $ 546 $ 520 $ 1,072 $ 1,082
[1] Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis. See Note 1.