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STATEMENT OF FINANCIAL POSITION - USD ($)
$ in Millions
Mar. 31, 2019
Dec. 31, 2018
Assets    
Cash, cash equivalents and restricted cash [1] $ 34,905 $ 34,847
Investment securities (Note 3) 38,275 33,835
Current receivables (Note 4) 19,518 19,484
Inventories (Note 5) 19,419 18,439
Financing receivables – net (Note 6) 7,111 7,699
Other GE Capital receivables 6,794 6,674
Property, plant and equipment – net (Note 7) 50,265 49,839
Operating lease right-of-use assets (Note 7) 4,016 0
Receivable from GE Capital 0 0
Investment in GE Capital 0 0
Goodwill (Note 8) 53,194 58,730
Other intangible assets – net (Note 8) 17,053 17,897
Contract and other deferred assets (Note 10) 19,371 19,231
All other assets 19,381 19,893
Deferred income taxes (Note 14) 11,413 12,129
Assets of businesses held for sale (Note 2) 9,910 1,630
Assets of discontinued operations (Note 2) 4,459 9,257
Total assets [2] 315,082 309,585
Liabilities and equity    
Short-term borrowings (Note 11) 15,953 12,821
Short-term borrowings assumed by GE (Note 11) 0 0
Accounts payable, principally trade accounts 17,059 16,722
Progress collections and deferred income (Note 10) 20,225 20,577
Dividends payable 94 95
Other GE current liabilities 17,881 15,770
Non-recourse borrowings of consolidated securitization entities (Note 11) 1,350 1,875
Long-term borrowings (Note 11) 90,223 95,234
Long-term borrowings assumed by GE (Note 11) 0 0
Operating lease liabilities (Note 7) 4,180 0
Insurance liabilities and annuity benefits (Note 12) 36,769 35,562
Non-current compensation and benefits 32,864 33,775
All other liabilities 18,980 20,837
Liabilities of businesses held for sale (Note 2) 1,801 708
Liabilities of discontinued operations (Note 2) 1,643 3,747
Total Liabilities [2] 259,020 257,722
Redeemable noncontrolling interests (Note 15) 416 382
Preferred stock (5,939,875 shares outstanding at both March 31, 2019 and December 31, 2018) 6 6
Common stock (8,720,808,000 and 8,702,227,000 shares outstanding at March 31, 2019 and December 31, 2018, respectively) 702 702
Accumulated other comprehensive income (loss) - net attributable to GE    
Investment securities [3] (16) (39)
Currency translation adjustments [3] (5,810) (6,134)
Cash flow hedges [3] 49 13
Benefit plans [3] (7,708) (8,254)
Other capital 34,345 35,504
Retained earnings 96,921 93,109
Less common stock held in treasury (83,328) (83,925)
Total GE shareowners’ equity 35,161 30,981
Noncontrolling interests (Note 15) [4] 20,485 20,500
Total equity (Note 15) 55,646 51,481
Total liabilities, redeemable noncontrolling interests and equity 315,082 309,585
GE    
Assets    
Cash, cash equivalents and restricted cash [5],[6] 20,069 20,355
Investment securities (Note 3) [6] 4,004 514
Current receivables (Note 4) [6] 15,936 15,103
Inventories (Note 5) [6] 19,370 18,389
Financing receivables – net (Note 6) [6] 0 0
Other GE Capital receivables [6] 0 0
Property, plant and equipment – net (Note 7) [6] 20,640 21,056
Operating lease right-of-use assets (Note 7) [6] 4,291 0
Receivable from GE Capital [6],[7],[8] 21,684 22,513
Investment in GE Capital [6] 11,744 11,412
Goodwill (Note 8) [6] 52,316 57,826
Other intangible assets – net (Note 8) [6] 16,833 17,661
Contract and other deferred assets (Note 10) [6] 19,371 19,231
All other assets [6] 10,385 10,164
Deferred income taxes (Note 14) [6] 9,466 10,189
Assets of businesses held for sale (Note 2) [6] 9,602 1,525
Assets of discontinued operations (Note 2) [6] 187 4,573
Total assets [6] 235,897 230,510
Liabilities and equity    
Short-term borrowings (Note 11) [6],[7] 4,632 5,192
Short-term borrowings assumed by GE (Note 11) [6],[7] 6,470 4,207
Accounts payable, principally trade accounts [6] 21,018 22,085
Progress collections and deferred income (Note 10) [6] 20,469 20,833
Dividends payable [6] 94 95
Other GE current liabilities [6] 17,881 15,770
Non-recourse borrowings of consolidated securitization entities (Note 11) [6] 0 0
Long-term borrowings (Note 11) [6] 27,097 27,089
Long-term borrowings assumed by GE (Note 11) [6],[7],[8] 28,964 32,054
Operating lease liabilities (Note 7) [6] 4,467 0
Insurance liabilities and annuity benefits (Note 12) [6] 0 0
Non-current compensation and benefits [6] 32,244 32,910
All other liabilities [6] 14,445 15,717
Liabilities of businesses held for sale (Note 2) [6] 1,839 748
Liabilities of discontinued operations (Note 2) [6] 222 1,947
Total Liabilities [6] 179,840 178,648
Redeemable noncontrolling interests (Note 15) [6] 416 382
Preferred stock (5,939,875 shares outstanding at both March 31, 2019 and December 31, 2018) [6] 6 6
Common stock (8,720,808,000 and 8,702,227,000 shares outstanding at March 31, 2019 and December 31, 2018, respectively) [6] 702 702
Accumulated other comprehensive income (loss) - net attributable to GE    
Investment securities [6] (16) (39)
Currency translation adjustments [6] (5,810) (6,134)
Cash flow hedges [6] 49 13
Benefit plans [6] (7,708) (8,254)
Other capital [6] 34,345 35,504
Retained earnings [6] 96,921 93,109
Less common stock held in treasury [6] (83,328) (83,925)
Total GE shareowners’ equity [6] 35,161 30,981
Noncontrolling interests (Note 15) [6] 20,480 20,499
Total equity (Note 15) [6] 55,641 51,480
Total liabilities, redeemable noncontrolling interests and equity [6] 235,897 230,510
Financial Services (GE Capital)    
Assets    
Cash, cash equivalents and restricted cash [5] 14,836 14,492
Investment securities (Note 3) 34,345 33,393
Current receivables (Note 4) 0 0
Inventories (Note 5) 49 50
Financing receivables – net (Note 6) 12,007 13,628
Other GE Capital receivables 14,063 15,361
Property, plant and equipment – net (Note 7) 30,000 29,510
Operating lease right-of-use assets (Note 7) 271 0
Receivable from GE Capital [7],[8] 0 0
Investment in GE Capital 0 0
Goodwill (Note 8) 878 904
Other intangible assets – net (Note 8) 220 236
Contract and other deferred assets (Note 10) 0 0
All other assets 9,315 9,819
Deferred income taxes (Note 14) 1,942 1,936
Assets of businesses held for sale (Note 2) 0 0
Assets of discontinued operations (Note 2) 4,272 4,610
Total assets 122,198 123,939
Liabilities and equity    
Short-term borrowings (Note 11) [7] 5,847 4,999
Short-term borrowings assumed by GE (Note 11) [7] 2,436 2,684
Accounts payable, principally trade accounts 2,086 1,612
Progress collections and deferred income (Note 10) 0 0
Dividends payable 0 0
Other GE current liabilities 0 0
Non-recourse borrowings of consolidated securitization entities (Note 11) 1,350 1,875
Long-term borrowings (Note 11) 34,225 36,154
Long-term borrowings assumed by GE (Note 11) [7],[8] 19,249 19,828
Operating lease liabilities (Note 7) 257 0
Insurance liabilities and annuity benefits (Note 12) 37,313 35,994
Non-current compensation and benefits 611 856
All other liabilities 5,655 6,724
Liabilities of businesses held for sale (Note 2) 0 0
Liabilities of discontinued operations (Note 2) 1,421 1,800
Total Liabilities 110,450 112,527
Redeemable noncontrolling interests (Note 15) 0 0
Preferred stock (5,939,875 shares outstanding at both March 31, 2019 and December 31, 2018) 6 6
Common stock (8,720,808,000 and 8,702,227,000 shares outstanding at March 31, 2019 and December 31, 2018, respectively) 0 0
Accumulated other comprehensive income (loss) - net attributable to GE    
Investment securities (10) (32)
Currency translation adjustments (303) (162)
Cash flow hedges 71 53
Benefit plans (627) (642)
Other capital 12,997 12,883
Retained earnings (392) (694)
Less common stock held in treasury 0 0
Total GE shareowners’ equity 11,743 11,412
Noncontrolling interests (Note 15) 5 1
Total equity (Note 15) 11,748 11,412
Total liabilities, redeemable noncontrolling interests and equity $ 122,198 $ 123,939
[1] Includes restricted cash of $507 million and $492 million at March 31, 2019 and December 31, 2018, respectively.
[2] Our consolidated assets at March 31, 2019 included total assets of $4,517 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 $2,851 million within continuing operations and assets of discontinued operations of $109 million. Our consolidated liabilities at March 31, 2019 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 $(1,350) million within continuing operations. See Note 18.
[3] The sum of accumulated other comprehensive income (loss) (AOCI) attributable to the Company was $(13,485) million and $(14,414) million at March 31, 2019 and December 31, 2018, respectively.
[4] Included AOCI attributable to noncontrolling interests of $(350) million and $(451) million at March 31, 2019 and December 31, 2018, respectively.
[5] GE restricted cash was $444 million and $459 million at March 31, 2019 and December 31, 2018, respectively, and GE Capital restricted cash was $63 million and $33 million at March 31, 2019 and December 31, 2018, 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] At March 31, 2019, the remaining GE Capital borrowings that had been assumed by GE as part of the GE Capital Exit Plan was $35,433 million ($6,470 million short term and $28,964 million long term), for which GE has an offsetting receivable from GE Capital of $21,684 million. The difference of $13,749 million represents the amount of borrowings GE Capital had funded with available cash to GE via an intercompany loan in lieu of GE issuing borrowings externally. See Note 11 for further information.
[8] At March 31, 2019, total GE borrowings comprises of GE-issued borrowings of $31,729 million ($4,632 million short term and $27,097 million long term) and the $13,749 million of borrowings from GE Capital as described in note (c) above for a total of $45,478 million (including $6,315 million BHGE borrowings). See Note 11 for further information.