BUSINESSES HELD FOR SALE AND DISCONTINUED OPERATIONS (Tables)

9 Months Ended

Sep. 30, 2022

Discontinued Operations and Disposal Groups [Abstract]

Financial Information for Assets and Liabilities of Businesses Held for Sale

ASSETS AND LIABILITIES OF BUSINESSES HELD FOR SALE	September 30, 2022		December 31, 2021
Current receivables, inventories and contract assets	$	475	$	—
Property, plant and equipment and intangible assets - net	181		—
Other assets	40		—
Assets of businesses held for sale	$	696	$	—
Progress collections and deferred income	$	1,101	$	—
Accounts payable, equipment project accruals and other liabilities	402		—
Liabilities of businesses held for sale	$	1,503	$	—

Financial Information for Discontinued Operations

RESULTS OF DISCONTINUED OPERATIONS	Three months ended September 30				Nine months ended September 30
	2022		2021		2022		2021
Operations
Cost of equipment and services sold	$	—	$	(19)	$	—	$	(394)
Other income, costs and expenses	(153)		593		(608)		1,432
Earnings (loss) of discontinued operations before income taxes	$	(153)	$	575	$	(608)	$	1,037
Benefit (provision) for income taxes	(22)		(208)		(36)		(287)
Earnings (loss) of discontinued operations, net of taxes(a)	$	(174)	$	367	$	(644)	$	750
Disposal
Gain (loss) on disposal before income taxes	$	—	$	174	$	(30)	$	(3,661)
Benefit (provision) for income taxes(b)	90		62		95		55
Gain (loss) on disposal, net of taxes	$	90	$	236	$	64	$	(3,606)
Earnings (loss) from discontinued operations, net of taxes	$	(85)	$	602	$	(580)	$	(2,856)

(a) Included zero and $490 million from GECAS operations for the three months ended September 30, 2022 and 2021, respectively. Included zero and $1,163 million from GECAS operations, including zero and $359 million of depreciation and amortization, for the nine months ended September 30, 2022 and 2021, respectively.

(b) Included $90 million reduction in estimated income tax expense relating to the disposal of our GECAS business for both the three months ended and nine months ended September 30, 2022.

ASSETS AND LIABILITIES OF DISCONTINUED OPERATIONS	September 30, 2022		December 31, 2021
Cash, cash equivalents and restricted cash	$	1,046	$	736
Financing receivables held for sale (Polish mortgage portfolio)	1,276		1,799
Property, plant, and equipment - net	76		88
All other assets	587		554
Assets of discontinued operations	$	2,985	$	3,177
Accounts payable and all other liabilities	$	1,103	$	887
Liabilities of discontinued operations	$	1,103	$	887