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STATEMENT OF EARNINGS (LOSS) (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues        
Insurance revenues (Note 12) $ 646 $ 756 $ 2,179 $ 2,295
Total revenues (Note 8) 19,084 18,569 54,769 53,893
Costs and expenses        
Selling, general and administrative expenses 2,868 2,745 9,239 8,503
Separation costs 227 0 553 0
Research and development 686 627 2,023 1,792
Interest and other financial charges 390 462 1,191 1,450
Debt extinguishment costs (Note 11) 0 0 0 1,416
Insurance losses, annuity benefits and other costs (Note 12) 917 674 1,975 1,773
Non-operating benefit cost (income) (125) 427 (396) 1,374
Total costs and expenses 19,334 18,337 54,653 55,866
Other income (loss) (Note 18) 195 351 (941) 1,757
Earnings (loss) from continuing operations before income taxes (55) 584 (825) (216)
Benefit (provision) for income taxes (21) (2) (541) 323
Earnings (loss) from continuing operations (76) 582 (1,366) 107
Earnings (loss) from discontinued operations, net of taxes (Note 2) (85) 602 (580) (2,856)
Net earnings (loss) (160) 1,184 (1,946) (2,748)
Less net earnings (loss) attributable to noncontrolling interests 4 (73) 51 (72)
Net earnings (loss) attributable to the Company (165) 1,257 (1,997) (2,677)
Preferred stock dividends (73) (52) (192) (180)
Net earnings (loss) attributable to GE common shareholders (238) 1,205 (2,189) (2,857)
Amounts attributable to GE common shareholders        
Earnings (loss) from continuing operations (76) 582 (1,366) 107
Less net earnings (loss) attributable to noncontrolling interests, continuing operations 4 (73) 51 (72)
Earnings (loss) from continuing operations attributable to the Company (80) 655 (1,417) 179
Preferred stock dividends (73) (52) (192) (180)
Earnings (loss) from continuing operations attributable to GE common shareholders (153) 603 (1,609) (1)
Earnings (loss) from discontinued operations attributable to GE common shareholders (85) 602 (580) (2,856)
Net earnings (loss) attributable to GE common shareholders $ (238) $ 1,205 $ (2,189) $ (2,857)
Earnings (loss) per share from continuing operations (Note 17)        
Diluted earnings (loss) per share (in dollars per share) $ (0.14) $ 0.54 $ (1.46) $ (0.01)
Basic earnings (loss) per share (in dollars per share) (0.14) 0.54 (1.46) (0.01)
Net earnings (loss) per share (Note 17)        
Diluted earnings (loss) per share (in dollars per share) (0.21) 1.08 (1.99) (2.61)
Basic earnings (loss) per share (in dollars per share) $ (0.21) $ 1.09 $ (1.99) $ (2.61)
Equipment        
Revenues        
Sales $ 8,082 $ 8,903 $ 22,549 $ 25,172
Costs and expenses        
Cost of sales 8,118 8,128 22,017 23,334
Services        
Revenues        
Sales 10,356 8,910 30,041 26,427
Costs and expenses        
Cost of sales $ 6,253 $ 5,274 $ 18,051 $ 16,224