XML 30 R15.htm IDEA: XBRL DOCUMENT v3.19.1
REVENUES
3 Months Ended
Mar. 31, 2019
Revenue from Contract with Customer [Abstract]  
REVENUES
NOTE 9. REVENUES
EQUIPMENT & SERVICES REVENUES(a)
Three months ended March 31
(In millions)
2019
 
2018
 
Equipment Revenues
Services Revenues
Total Revenues
 
Equipment Revenues
Services Revenues
Total Revenues
 
 
 
 
 
 
 
 
Power
$
2,424

$
3,235

$
5,659

 
$
3,524

$
3,698

$
7,222

Renewable Energy
1,123

481

1,604

 
1,204

442

1,646

Aviation
3,113

4,841

7,954

 
2,539

4,573

7,112

Oil & Gas
2,269

3,347

5,616

 
2,229

3,156

5,385

Healthcare
2,653

2,029

4,683

 
2,607

2,095

4,702

Total Industrial Segment Revenues
$
11,583

$
13,934

$
25,517

 
$
12,103

$
13,964

$
26,067

(a)
Revenues classification consistent with our MD&A defined Services revenue
SUB-SEGMENT REVENUES
Three months ended March 31
(In millions)
2019

 
2018

 
 
 
 
Gas Power
$
3,260

 
$
3,539

Power Portfolio
2,399

 
3,682

Power Revenues
$
5,659

 
$
7,222

 
 
 
 
Onshore Wind
$
1,441

 
$
1,260

Hydro and Offshore Wind
164

 
385

Renewable Energy Revenues
$
1,604

 
$
1,646

 
 
 
 
Commercial Engines & Services
$
5,949

 
$
5,272

Military
1,036

 
971

Systems & Other
969

 
870

Aviation Revenues
$
7,954

 
$
7,112

 
 
 
 
Turbomachinery & Process Solutions (TPS)
$
1,305

 
$
1,447

Oilfield Services (OFS)
2,986

 
2,678

Oilfield Equipment (OFE)
735

 
664

Digital Solutions
591

 
596

Oil & Gas Revenues
$
5,616

 
$
5,385

 
 
 
 
Healthcare Systems
$
3,433

 
$
3,576

Life Sciences
1,250

 
1,125

Healthcare Revenues
$
4,683

 
$
4,702

 
 
 
 
Total Industrial Segment Revenues
$
25,517

 
$
26,067

Capital Revenues(a)
2,227

 
2,173

Corporate items and eliminations
(458
)
 
(452
)
Consolidated Revenues(a)
$
27,286

 
$
27,788

(a)
Includes $2,202 million and $2,117 million for the three months ended March 31, 2019 and 2018, respectively, of revenues at GE Capital outside of the scope of ASC 606.

REMAINING PERFORMANCE OBLIGATION
As of March 31, 2019, the aggregate amount of the contracted revenues allocated to our unsatisfied (or partially unsatisfied) performance obligations was $241,381 million. We expect to recognize revenue as we satisfy our remaining performance obligations as follows: 1) equipment-related remaining performance obligation of $46,147 million of which 54%, 76% and 86% is expected to be satisfied within 1, 2 and 5 years, respectively, and the remaining thereafter; and 2) services-related remaining performance obligation of $195,234 million of which 14%, 45%, 72% and 86% is expected to be recognized within 1, 5, 10 and 15 years, respectively, and the remaining thereafter. Contract modifications could affect both the timing to complete as well as the amount to be received as we fulfill the related remaining performance obligations.