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STATEMENT OF EARNINGS (LOSS) (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues    
Sales $ 25,342 $ 26,002
Revenues 27,286 27,788
Costs and expenses    
Cost of sales 20,353 20,911
Selling, general and administrative expenses 4,146 4,088
Interest and other financial charges 1,133 1,282
Insurance losses and annuity benefits 611 630
Non-operating benefit costs 566 685
Other costs and expenses 81 121
Total costs and expenses 26,889 27,716
Other income 878 204
GE Capital earnings (loss) from continuing operations 0 0
Earnings (loss) from continuing operations before income taxes 1,275 277
Benefit (provision) for income taxes (222) 50
Earnings (loss) from continuing operations 1,053 328
Earnings (loss) from discontinued operations, net of taxes 2,592 (1,441)
Net earnings (loss) 3,645 (1,113)
Less net earnings (loss) attributable to noncontrolling interests 57 34
Net earnings (loss) attributable to the Company 3,588 (1,147)
Preferred stock dividends (40) (37)
Net earnings (loss) attributable to GE common shareowners 3,549 (1,184)
Amounts attributable to GE common shareowners    
Earnings (loss) from continuing operations 1,053 328
Less net earnings (loss) attributable to noncontrolling interests, continuing operations 59 30
Earnings (loss) from continuing operations attributable to the Company 994 297
Preferred stock dividends (40) (37)
Earnings (loss) from continuing operations attributable to GE common shareowners 954 261
Earnings (loss) from discontinued operations, net of taxes (Note 2) 2,592 (1,441)
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations (2) 4
Net earnings (loss) attributable to GE common shareowners $ 3,549 $ (1,184)
Earnings (loss) from continuing operations    
Diluted earnings (loss) per share (in dollars per share) $ 0.11 $ 0.03
Basic earnings (loss) per share (in dollars per share) 0.11 0.03
Net earnings (loss)    
Diluted earnings (loss) per share (in dollars per share) 0.40 (0.14)
Basic earnings (loss) per share (in dollars per share) 0.41 (0.14)
Dividends declared per common share (in dollars per share) $ 0.01 $ 0.12
Goods    
Revenues    
Sales $ 16,198 $ 16,742
Costs and expenses    
Cost of sales 13,551 13,756
Services    
Revenues    
Sales 9,144 9,260
Costs and expenses    
Cost of sales 6,802 7,155
GE Capital revenues from services    
Revenues    
Revenues 1,944 1,786
GE    
Revenues    
Revenues [1] 25,409 26,022
Costs and expenses    
Selling, general and administrative expenses [1] 3,939 3,883
Interest and other financial charges [1] 588 639
Insurance losses and annuity benefits [1] 0 0
Non-operating benefit costs [1] 562 681
Other costs and expenses [1] 0 0
Total costs and expenses [1] 25,065 25,615
Other income [1] 884 192
GE Capital earnings (loss) from continuing operations [1] 135 (215)
Earnings (loss) from continuing operations before income taxes [1] 1,363 383
Benefit (provision) for income taxes [1] (350) (89)
Earnings (loss) from continuing operations [1] 1,013 295
Earnings (loss) from discontinued operations, net of taxes [1] 2,592 (1,441)
Net earnings (loss) [1] 3,606 (1,146)
Less net earnings (loss) attributable to noncontrolling interests [1] 57 38
Net earnings (loss) attributable to the Company [1] 3,549 (1,184)
Preferred stock dividends [1] 0 0
Net earnings (loss) attributable to GE common shareowners [1] 3,549 (1,184)
Amounts attributable to GE common shareowners    
Earnings (loss) from continuing operations [1] 1,013 295
Less net earnings (loss) attributable to noncontrolling interests, continuing operations [1] 59 34
Earnings (loss) from continuing operations attributable to the Company [1] 954 261
Preferred stock dividends [1] 0 0
Earnings (loss) from continuing operations attributable to GE common shareowners [1] 954 261
Earnings (loss) from discontinued operations, net of taxes (Note 2) [1] 2,592 (1,441)
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations [1] (2) 4
Net earnings (loss) attributable to GE common shareowners [1] 3,549 (1,184)
GE | Goods    
Revenues    
Sales [1] 16,264 16,733
Costs and expenses    
Cost of sales [1] 13,625 13,748
GE | Services    
Revenues    
Sales [1] 9,145 9,288
Costs and expenses    
Cost of sales [1] 6,351 6,665
GE | GE Capital revenues from services    
Revenues    
Revenues 0 0
Financial Services (GE Capital)    
Revenues    
Revenues 2,227 2,173
Costs and expenses    
Selling, general and administrative expenses 267 343
Interest and other financial charges 677 819
Insurance losses and annuity benefits 633 645
Non-operating benefit costs 5 4
Other costs and expenses 99 133
Total costs and expenses 2,180 2,495
Other income 0 0
GE Capital earnings (loss) from continuing operations 0 0
Earnings (loss) from continuing operations before income taxes 47 (321)
Benefit (provision) for income taxes 128 139
Earnings (loss) from continuing operations 175 (182)
Earnings (loss) from discontinued operations, net of taxes 35 (1,553)
Net earnings (loss) 210 (1,735)
Less net earnings (loss) attributable to noncontrolling interests 0 (4)
Net earnings (loss) attributable to the Company 210 (1,731)
Preferred stock dividends (40) (37)
Net earnings (loss) attributable to GE common shareowners 171 (1,768)
Amounts attributable to GE common shareowners    
Earnings (loss) from continuing operations 175 (182)
Less net earnings (loss) attributable to noncontrolling interests, continuing operations 0 (4)
Earnings (loss) from continuing operations attributable to the Company 175 (179)
Preferred stock dividends (40) (37)
Earnings (loss) from continuing operations attributable to GE common shareowners 135 (215)
Earnings (loss) from discontinued operations, net of taxes (Note 2) 35 (1,553)
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations 0 0
Net earnings (loss) attributable to GE common shareowners 171 (1,768)
Financial Services (GE Capital) | Goods    
Revenues    
Sales 16 32
Costs and expenses    
Cost of sales 13 25
Financial Services (GE Capital) | Services    
Revenues    
Sales 0 0
Costs and expenses    
Cost of sales 486 525
Financial Services (GE Capital) | GE Capital revenues from services    
Revenues    
Revenues $ 2,210 $ 2,141
[1] Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis. See Note 1.