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STATEMENT OF EARNINGS (LOSS) (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues        
Insurance revenues (Note 12) $ 765 $ 783 $ 1,533 $ 1,538
Total revenues (Note 8) 18,646 18,253 35,686 35,323
Costs and expenses        
Selling, general and administrative expenses 2,720 2,863 6,371 5,758
Separation costs 207 0 327 0
Research and development 696 604 1,337 1,165
Interest and other financial charges 394 488 801 987
Debt extinguishment costs (Note 11) 0 1,416 0 1,416
Insurance losses, annuity benefits and other costs (Note 12) 553 516 1,058 1,099
Non-operating benefit cost (income) (134) 517 (271) 947
Total costs and expenses 17,680 20,023 35,319 37,529
Other income (loss) (Note 18) (1,210) 733 (1,137) 1,406
Earnings (loss) from continuing operations before income taxes (244) (1,037) (770) (799)
Benefit (provision) for income taxes (Note 15) (317) 466 (520) 325
Earnings (loss) from continuing operations (561) (571) (1,290) (474)
Earnings (loss) from discontinued operations, net of taxes (Note 2) (210) (564) (496) (3,458)
Net earnings (loss) (771) (1,135) (1,786) (3,933)
Less net earnings (loss) attributable to noncontrolling interests 19 (3) 47 1
Net earnings (loss) attributable to the Company (790) (1,131) (1,833) (3,934)
Preferred stock dividends (67) (57) (119) (129)
Net earnings (loss) attributable to GE common shareholders (857) (1,188) (1,952) (4,062)
Amounts attributable to GE common shareholders        
Earnings (loss) from continuing operations (561) (571) (1,290) (474)
Less net earnings (loss) attributable to noncontrolling interests, continuing operations 19 (3) 47 1
Earnings (loss) from continuing operations attributable to the Company (580) (568) (1,337) (476)
Preferred stock dividends (67) (57) (119) (129)
Earnings (loss) from continuing operations attributable to GE common shareholders (647) (624) (1,456) (604)
Earnings (loss) from discontinued operations attributable to GE common shareholders (210) (564) (496) (3,458)
Net earnings (loss) attributable to GE common shareholders $ (857) $ (1,188) $ (1,952) $ (4,062)
Earnings (loss) per share from continuing operations (Note 17)        
Diluted earnings (loss) per share (in dollars per share) $ (0.59) $ (0.57) $ (1.33) $ (0.55)
Basic earnings (loss) per share (in dollars per share) (0.59) (0.57) (1.33) (0.55)
Net earnings (loss) per share (Note 17)        
Diluted earnings (loss) per share (in dollars per share) (0.78) (1.08) (1.78) (3.70)
Basic earnings (loss) per share (in dollars per share) $ (0.78) $ (1.08) $ (1.78) $ (3.70)
Equipment        
Revenues        
Sales $ 7,603 $ 8,298 $ 14,467 $ 16,269
Costs and expenses        
Cost of sales 7,150 7,626 13,899 15,206
Services        
Revenues        
Sales 10,277 9,172 19,686 17,517
Costs and expenses        
Cost of sales $ 6,094 $ 5,992 $ 11,798 $ 10,950