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SEGMENT OPERATIONS (Tables)
6 Months Ended
Jun. 30, 2018
Segment Reporting [Abstract]  
Summary of Operating Segments
SUMMARY OF OPERATING SEGMENTS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three months ended June 30
 
Six months ended June 30
(In millions)
2018

2017

V%

 
2018

2017

V%

 
 
 
 
 
 
 
 
Revenues
 
 
 
 
 
 
 
Power(a)
$
7,579

$
9,400

(19)
 %
 
$
14,801

$
17,341

(15
)%
Renewable Energy
1,653

2,312

(29)
 %
 
3,299

4,079

(19
)%
Oil & Gas
5,554

2,997

85
 %
 
10,939

6,083

80
 %
Aviation
7,519

6,634

13
 %
 
14,631

13,307

10
 %
Healthcare
4,978

4,688

6
 %
 
9,680

8,993

8
 %
Transportation
942

1,077

(13)
 %
 
1,814

2,057

(12
)%
Lighting(a)
431

473

(9)
 %
 
887

935

(5
)%
      Total industrial segment revenues
28,657

27,582

4
 %
 
56,052

52,795

6
 %
Capital
2,429

2,446

(1)
 %
 
4,602

5,127

(10
)%
      Total segment revenues
31,085

30,028

4
 %
 
60,654

57,923

5
 %
Corporate items and eliminations
(982
)
(932
)
 
 
(1,890
)
(1,945
)
 
Consolidated revenues
$
30,104

$
29,097

3
 %
 
$
58,764

$
55,978

5
 %
 
 
 
 
 
 
 
 
Segment profit (loss)
 
 
 
 
 
 
 
Power(a)
$
421

$
994

(58)
 %
 
$
694

$
1,432

(52
)%
Renewable Energy
82

158

(48)
 %
 
159

228

(30
)%
Oil & Gas(b)
73

120

(39)
 %
 
(70
)
380

U

Aviation
1,475

1,374

7
 %
 
3,078

2,647

16
 %
Healthcare
926

826

12
 %
 
1,660

1,487

12
 %
Transportation
155

183

(15)
 %
 
285

278

3
 %
Lighting(a)
24

17

41
 %
 
26

27

(4
)%
      Total industrial segment profit
3,157

3,673

(14)
 %
 
5,832

6,480

(10
)%
Capital
(207
)
(172
)
(20)
 %
 
(422
)
(219
)
(93
)%
      Total segment profit (loss)
2,950

3,502

(16)
 %
 
5,410

6,261

(14
)%
Corporate items and eliminations
(309
)
(1,120
)
 
 
(962
)
(2,522
)
 
GE interest and other financial charges
(690
)
(637
)
(8)
 %
 
(1,333
)
(1,200
)
(11
)%
GE non-operating benefit costs

(690
)
(552
)
(25)
 %
 
(1,374
)
(1,201
)
(14
)%
GE benefit (provision) for income taxes
(525
)
(165
)
U

 
(637
)
(188
)
U

Earnings (loss) from continuing operations attributable
   to GE common shareowners
736

1,028

(28)
 %
 
1,105

1,150

(4
)%
Earnings (loss) from discontinued operations, net of taxes
(121
)
(146
)
17
 %
 
(1,673
)
(385
)
U

   Less net earnings attributable to
 
 
 
 
 
 
 
      noncontrolling interests, discontinued operations

7

U

 

7

U

Earnings (loss) from discontinued operations,
 
 
 
 
 
 
 
   net of tax and noncontrolling interest
(121
)
(152
)
20
 %
 
(1,673
)
(392
)
U

Consolidated net earnings (loss)
attributable to the GE common shareowners
$
615

$
875

(30)
 %
 
$
(568
)
$
758

U


(a)
Beginning in the third quarter of 2017, the Energy Connections business within the former Energy Connections & Lighting segment was combined with the Power segment and presented as one reporting segment called Power. As a result of this combination, our GE Lighting and Current, powered by GE (Current) businesses are now reported as a separate segment called Lighting.
(b)
Oil & Gas segment profit excluding restructuring and other charges* was $222 million and $402 million for the three and six months ended June 30, 2018.







*Non-GAAP Financial Measure