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STATEMENT OF FINANCIAL POSITION - USD ($)
$ in Millions
Jun. 30, 2018
Dec. 31, 2017
Assets    
Cash, cash equivalents and restricted cash [1] $ 27,674 $ 43,967
Investment securities (Note 3) 36,611 38,696
Current receivables (Note 4) 20,797 24,209
Inventories (Note 5) 20,473 19,419
Financing receivables – net (Note 6) 8,384 10,336
Other GE Capital receivables 6,505 6,301
Property, plant and equipment – net (Note 7) 50,866 53,874
Receivable from GE Capital 0 0
Investment in GE Capital 0 0
Goodwill (Note 8) 82,464 83,968
Other intangible assets – net (Note 8) 19,728 20,273
Contract and other deferred assets (Note 10) 20,787 20,356
All other assets 27,631 28,949
Deferred income taxes (Note 14) 10,891 8,819
Assets of businesses held for sale (Note 2) 4,905 4,164
Assets of discontinued operations (Note 2) 5,053 5,912
Total assets [2] 342,769 369,245
Liabilities and equity    
Short-term borrowings (Note 11) 14,419 24,036
Accounts payable, principally trade accounts 15,026 15,172
Progress collections and deferred income 20,701 22,117
Dividends payable 1,053 1,052
Other GE current liabilities 15,168 16,919
Non-recourse borrowings of consolidated securitization entities (Note 11) 1,322 1,980
Long-term borrowings (Note 11) 99,832 108,575
Investment contracts, insurance liabilities and insurance annuity benefits (Note 12) 36,233 38,136
Non-current compensation and benefits 39,693 41,630
All other liabilities 21,046 20,784
Liabilities of businesses held for sale (Note 2) 1,198 1,248
Liabilities of discontinued operations (Note 2) 1,949 706
Total Liabilities [2] 267,639 292,355
Redeemable noncontrolling interests (Note 15) 3,376 3,391
Preferred stock (5,939,874 shares outstanding at both June 30, 2018 and December 31, 2017) 6 6
Common stock (8,691,081,000 and 8,680,571,000 shares outstanding at June 30, 2018 and December 31, 2017, respectively) 702 702
Accumulated other comprehensive income (loss) - net attributable to GE    
Investment securities [3] 21 (102)
Currency translation adjustments [3] (5,446) (4,661)
Cash flow hedges [3] 36 62
Benefit plans [3] (8,043) (9,702)
Other capital 37,352 37,384
Retained earnings 114,913 117,245
Less common stock held in treasury (84,471) (84,902)
Total GE shareowners’ equity 55,069 56,030
Noncontrolling interests (Note 15) [4] 16,685 17,468
Total equity (Note 15) 71,754 73,498
Total liabilities, redeemable noncontrolling interests and equity 342,769 369,245
GE    
Assets    
Cash, cash equivalents and restricted cash [5],[6] 13,805 18,822
Investment securities (Note 3) [6] 928 569
Current receivables (Note 4) [6] 14,537 14,638
Inventories (Note 5) [6] 20,412 19,344
Financing receivables – net (Note 6) [6] 0 0
Other GE Capital receivables [6] 0 0
Property, plant and equipment – net (Note 7) [6] 22,668 23,963
Receivable from GE Capital [6],[7] 29,309 39,844
Investment in GE Capital [6] 11,667 13,493
Goodwill (Note 8) [6] 81,481 82,985
Other intangible assets – net (Note 8) [6] 19,473 20,014
Contract and other deferred assets (Note 10) [6] 20,787 20,356
All other assets [6] 10,947 13,627
Deferred income taxes (Note 14) [6] 9,411 7,815
Assets of businesses held for sale (Note 2) [6] 4,573 3,799
Assets of discontinued operations (Note 2) [6] 0 0
Total assets [6] 259,997 279,267
Liabilities and equity    
Short-term borrowings (Note 11) [6],[7] 8,319 14,548
Accounts payable, principally trade accounts [6] 20,329 21,851
Progress collections and deferred income [6] 20,988 22,221
Dividends payable [6] 1,053 1,052
Other GE current liabilities [6] 15,168 16,919
Non-recourse borrowings of consolidated securitization entities (Note 11) [6] 0 0
Long-term borrowings (Note 11) [6],[7] 62,640 67,040
Investment contracts, insurance liabilities and insurance annuity benefits (Note 12) [6] 0 0
Non-current compensation and benefits [6] 38,924 40,820
All other liabilities [6] 16,363 16,873
Liabilities of businesses held for sale (Note 2) [6] 1,198 1,248
Liabilities of discontinued operations (Note 2) [6] 77 23
Total Liabilities [6] 185,059 202,595
Redeemable noncontrolling interests (Note 15) [6] 3,376 3,391
Preferred stock (5,939,874 shares outstanding at both June 30, 2018 and December 31, 2017) [6] 6 6
Common stock (8,691,081,000 and 8,680,571,000 shares outstanding at June 30, 2018 and December 31, 2017, respectively) [6] 702 702
Accumulated other comprehensive income (loss) - net attributable to GE    
Investment securities [6] 21 (102)
Currency translation adjustments [6] (5,446) (4,661)
Cash flow hedges [6] 36 62
Benefit plans [6] (8,043) (9,702)
Other capital [6] 37,352 37,384
Retained earnings [6] 114,913 117,245
Less common stock held in treasury [6] (84,471) (84,902)
Total GE shareowners’ equity [6] 55,069 56,030
Noncontrolling interests (Note 15) [6] 16,493 17,252
Total equity (Note 15) [6] 71,562 73,282
Total liabilities, redeemable noncontrolling interests and equity [6] 259,997 279,267
Financial Services (GE Capital)    
Assets    
Cash, cash equivalents and restricted cash [5] 13,868 25,145
Investment securities (Note 3) 35,758 38,231
Current receivables (Note 4) 0 0
Inventories (Note 5) 62 75
Financing receivables – net (Note 6) 16,392 21,967
Other GE Capital receivables 16,031 16,945
Property, plant and equipment – net (Note 7) 28,964 30,595
Receivable from GE Capital [7] 0 0
Investment in GE Capital 0 0
Goodwill (Note 8) 984 984
Other intangible assets – net (Note 8) 255 259
Contract and other deferred assets (Note 10) 0 0
All other assets 17,260 15,606
Deferred income taxes (Note 14) 1,475 999
Assets of businesses held for sale (Note 2) 0 0
Assets of discontinued operations (Note 2) 5,053 5,912
Total assets 136,102 156,716
Liabilities and equity    
Short-term borrowings (Note 11) [7] 10,866 19,602
Accounts payable, principally trade accounts 1,839 1,853
Progress collections and deferred income 0 0
Dividends payable 0 0
Other GE current liabilities 0 0
Non-recourse borrowings of consolidated securitization entities (Note 11) 1,322 1,980
Long-term borrowings (Note 11) [7] 64,241 73,614
Investment contracts, insurance liabilities and insurance annuity benefits (Note 12) 36,762 38,587
Non-current compensation and benefits 760 801
All other liabilities 6,580 5,886
Liabilities of businesses held for sale (Note 2) 0 0
Liabilities of discontinued operations (Note 2) 1,872 683
Total Liabilities 124,243 143,007
Redeemable noncontrolling interests (Note 15) 0 0
Preferred stock (5,939,874 shares outstanding at both June 30, 2018 and December 31, 2017) 6 6
Common stock (8,691,081,000 and 8,680,571,000 shares outstanding at June 30, 2018 and December 31, 2017, respectively) 0 0
Accumulated other comprehensive income (loss) - net attributable to GE    
Investment securities 29 (99)
Currency translation adjustments (224) (225)
Cash flow hedges 67 54
Benefit plans (509) (524)
Other capital 12,880 12,806
Retained earnings (581) 1,476
Less common stock held in treasury 0 0
Total GE shareowners’ equity 11,667 13,493
Noncontrolling interests (Note 15) 192 217
Total equity (Note 15) 11,860 13,709
Total liabilities, redeemable noncontrolling interests and equity $ 136,102 $ 156,716
[1] Includes restricted cash of $725 million and $668 million at June 30, 2018 and December 31, 2017, respectively.
[2] Our consolidated assets at June 30, 2018 included total assets of $4,051 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 $1,428 million within continuing operations and assets of discontinued operations of $275 million. Our consolidated liabilities at June 30, 2018 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 $(624) million within continuing operations. See Note 18.
[3] The sum of accumulated other comprehensive income (loss) (AOCI) attributable to the Company was $(13,432) million and $(14,404) million at June 30, 2018 and December 31, 2017, respectively.
[4] Included AOCI attributable to noncontrolling interests of $(279) million and $(226) million at June 30, 2018 and December 31, 2017, respectively.
[5] GE restricted cash was $394 million and $611 million at June 30, 2018 and December 31, 2017, respectively, and GE Capital restricted cash was $331 million and $57 million at June 30, 2018 and December 31, 2017, respectively.
[6] Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis. See Note 1.
[7] 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 11.