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STATEMENT OF EARNINGS (LOSS) (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues    
Revenues $ 20,524 $ 22,202
Costs and expenses    
Cost of sales 15,695 16,208
Selling, general and administrative expenses 3,065 3,402
Interest and other financial charges 794 1,065
Insurance losses and annuity benefits 636 611
Non-operating benefit costs 619 569
Other costs and expenses 109 72
Total costs and expenses 20,918 21,927
Other income (Note 23) 6,869 847
GE Capital earnings (loss) from continuing operations 0 0
Earnings (loss) from continuing operations before income taxes 6,475 1,122
Benefit (provision) for income taxes (63) (140)
Earnings (loss) from continuing operations 6,412 983
Earnings (loss) from discontinued operations, net of taxes (178) 2,663
Net earnings (loss) 6,233 3,645
Less net earnings (loss) attributable to noncontrolling interests 34 57
Net earnings (loss) attributable to the Company 6,199 3,588
Preferred stock dividends (43) (40)
Net earnings (loss) attributable to GE common shareholders 6,156 3,549
Amounts attributable to GE common shareholders    
Earnings (loss) from continuing operations 6,412 983
Less net earnings (loss) attributable to noncontrolling interests, continuing operations 36 23
Earnings (loss) from continuing operations attributable to the Company 6,375 960
Preferred stock dividends (43) (40)
Earnings (loss) from continuing operations attributable to GE common shareowners 6,332 920
Earnings (loss) from discontinued operations, net of taxes (178) 2,663
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations (2) 34
Net earnings (loss) attributable to GE common shareholders $ 6,156 $ 3,549
Earnings (loss) per share from continuing operations (Note 16)    
Diluted earnings (loss) per share (in dollars per share) $ 0.72 $ 0.10
Basic earnings (loss) per share (in dollars per share) 0.72 0.10
Net earnings (loss) per share (Note 16)    
Diluted earnings (loss) per share (in dollars per share) 0.70 0.40
Basic earnings (loss) per share (in dollars per share) 0.70 0.41
Dividends declared per common share (in dollars per share) $ 0.01 $ 0.01
Goods    
Revenues    
Sales $ 12,364 $ 13,249
Costs and expenses    
Cost of sales 10,540 10,974
Services    
Revenues    
Sales 6,450 7,008
Costs and expenses    
Cost of sales 5,156 5,234
GE Capital revenues from services    
Revenues    
Revenues 1,709 1,945
GE Capital    
Revenues    
Revenues 1,923 2,227
Costs and expenses    
Selling, general and administrative expenses 203 267
Interest and other financial charges 504 677
Insurance losses and annuity benefits 653 633
Non-operating benefit costs 2 5
Other costs and expenses 119 99
Total costs and expenses 2,033 2,180
Other income (Note 23) 0 0
GE Capital earnings (loss) from continuing operations 0 0
Earnings (loss) from continuing operations before income taxes (110) 47
Benefit (provision) for income taxes 123 128
Earnings (loss) from continuing operations 13 175
Earnings (loss) from discontinued operations, net of taxes (164) 35
Net earnings (loss) (151) 210
Less net earnings (loss) attributable to noncontrolling interests 0 0
Net earnings (loss) attributable to the Company (151) 210
Preferred stock dividends (43) (40)
Net earnings (loss) attributable to GE common shareholders (194) 171
Amounts attributable to GE common shareholders    
Earnings (loss) from continuing operations 13 175
Less net earnings (loss) attributable to noncontrolling interests, continuing operations 0 0
Earnings (loss) from continuing operations attributable to the Company 13 175
Preferred stock dividends (43) (40)
Earnings (loss) from continuing operations attributable to GE common shareowners (30) 135
Earnings (loss) from discontinued operations, net of taxes (164) 35
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations 0 0
Net earnings (loss) attributable to GE common shareholders (194) 171
GE Capital | Goods    
Revenues    
Sales 24 16
Costs and expenses    
Cost of sales 17 13
GE Capital | Services    
Revenues    
Sales 0 0
Costs and expenses    
Cost of sales 535 486
GE Capital | GE Capital revenues from services    
Revenues    
Revenues 1,899 2,210
GE    
Revenues    
Revenues [1] 18,844 20,324
Costs and expenses    
Selling, general and administrative expenses [1] 2,949 3,196
Interest and other financial charges [1] 370 520
Insurance losses and annuity benefits [1] 0 0
Non-operating benefit costs [1] 616 564
Other costs and expenses [1] 0 (8)
Total costs and expenses [1] 19,133 20,101
Other income (Note 23) [1] 6,874 852
GE Capital earnings (loss) from continuing operations [1] (30) 135
Earnings (loss) from continuing operations before income taxes [1] 6,555 1,211
Benefit (provision) for income taxes [1],[2] (187) (268)
Earnings (loss) from continuing operations [1] 6,368 943
Earnings (loss) from discontinued operations, net of taxes [1],[2] (178) 2,663
Net earnings (loss) [1],[2] 6,190 3,606
Less net earnings (loss) attributable to noncontrolling interests [1] 34 57
Net earnings (loss) attributable to the Company [1] 6,156 3,549
Preferred stock dividends [1] 0 0
Net earnings (loss) attributable to GE common shareholders [1] 6,156 3,549
Amounts attributable to GE common shareholders    
Earnings (loss) from continuing operations [1] 6,368 943
Less net earnings (loss) attributable to noncontrolling interests, continuing operations [1] 36 23
Earnings (loss) from continuing operations attributable to the Company [1] 6,332 920
Preferred stock dividends [1] 0 0
Earnings (loss) from continuing operations attributable to GE common shareowners [1] 6,332 920
Earnings (loss) from discontinued operations, net of taxes [1],[2] (178) 2,663
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations [1] (2) 34
Net earnings (loss) attributable to GE common shareholders [1] 6,156 3,549
GE | Goods    
Revenues    
Sales [1] 12,359 13,315
Costs and expenses    
Cost of sales [1] 10,541 11,049
GE | Services    
Revenues    
Sales [1] 6,486 7,009
Costs and expenses    
Cost of sales [1] 4,657 4,781
GE | GE Capital revenues from services    
Revenues    
Revenues [1] $ 0 $ 0
[1] Represents the adding together of all GE Industrial affiliates and GE Capital continuing operations on a one-line basis. See Note 1.
[2] Represents the adding together of all GE Industrial affiliates and the impact of GE Capital dividends on a one-line basis. See Note 1.