ALL OTHER ASSETS (Tables)

12 Months Ended

Dec. 31, 2020

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]


December 31	2020		2019
Prepaid taxes and deferred charges	$	368	$	610
Derivative instruments (Note 21)	440		211
Other	27		31
GE Industrial All other current assets	$	835	$	852

Assets held for sale	$	871	$	2,294
Derivative instruments (Note 21)	42		529
Other	108		113
GE Capital All other current assets	$	1,021	$	2,936
Eliminations	(334)		(426)
Consolidated All other current assets	$	1,522	$	3,362

Equity method and other investments	$	3,827	$	4,015
Long-term receivables (Note 4)	2,430		2,413
Prepaid taxes and deferred charges	817		870
Other	874		449
GE Industrial All other non-current assets	$	7,948	$	7,748

Equity method and other investments	$	3,199	$	2,227
GECAS pre-delivery payments (Note 23)	2,871		2,934
Insurance cash and cash equivalents(a)	455		583
Other	543		551
GE Capital All other non-current assets	$	7,068	$	6,294
Eliminations	(419)		(160)
Consolidated All other non-current assets	$	14,597	$	13,882
Total All other assets	$	16,119	$	17,244

(a) Cash and cash equivalents in GE Capital insurance entities is subject to regulatory restrictions and used for operations of those entities. Therefore, the balance is included in All other assets.

Equity Method Investments


	Equity method investment balance				Equity method income (loss)
December 31	2020		2019		2020		2019		2018
Power	$	576	$	565	$	43	$	(4)	$	(20)
Renewable Energy	724		630		13		(2)		(1)
Aviation	2,032		2,073		(41)		204		126
Healthcare	251		245		7		19		16
Capital(a)	3,110		2,159		77		217		(254)
Corporate items and eliminations	31		28		5		(11)		(99)
Total consolidated	$	6,724	$	5,700	$	104	$	423	$	(233)

(a) Equity method investments in GE Capital increased $951 million driven primarily by an increase in renewable energy tax equity investments at Energy Financial Services (EFS) and an increase in investments in our run-off insurance operations.

Summarized financial information of Baker Hughes is as follows.


For the years ended December 31	2020		2019(a)
Revenues	$	20,705	$	7,751
Gross Profit	3,199		1,558
Net income (loss)	(15,761)		120
Net income (loss) attributable to the entity	(9,940)		60

(a)Financial information is from September 16, 2019 (date of deconsolidation) to December 31, 2019.


As of December 31	2020		2019
Current	$	16,455	$	15,222
Noncurrent	21,552		38,147
Total assets	$	38,007	$	53,369

Current	$	10,227	$	10,014
Noncurrent	9,538		8,857
Total liabilities	$	19,765	$	18,871
Noncontrolling interests	$	5,349	$	12,570