OPERATING SEGMENTS

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

OPERATING SEGMENTS

NOTE 25. OPERATING SEGMENTS

BASIS FOR PRESENTATION. Our operating businesses are organized based on the nature of markets and customers. Segment accounting policies are the same as described and referenced in Note 1. A description of our operating segments as of December 31, 2022 can be found in the Segment Operations section within MD&A.

REVENUES	Total revenues						Intersegment revenues						External revenues
Years ended December 31	2022		2021		2020		2022		2021		2020		2022		2021		2020
Aerospace	$	26,050	$	21,310	$	22,042	$	660	$	1,036	$	1,445	$	25,390	$	20,274	$	20,597
Renewable Energy	12,977		15,697		15,666		80		138		142		12,896		15,559		15,523
Power	16,262		16,903		17,589		267		345		352		15,995		16,558		17,237
HealthCare	18,461		17,725		18,009		—		1		1		18,461		17,724		18,008
Corporate	2,806		2,561		2,528		(1,008)		(1,520)		(1,941)		3,814		4,081		4,468
Total	$	76,555	$	74,196	$	75,833	$	—	$	—	$	—	$	76,555	$	74,196	$	75,833

	Years ended December 31
	2022						2021						2020
	Equipment		Services		Total		Equipment		Services		Total		Equipment		Services		Total
Aerospace	$	7,842	$	18,207	$	26,050	$	7,531	$	13,780	$	21,310	$	8,582	$	13,460	$	22,042
Renewable Energy	10,191		2,785		12,977		13,224		2,473		15,697		12,859		2,807		15,666
Power	4,737		11,526		16,262		5,035		11,868		16,903		6,707		10,883		17,589
HealthCare	9,643		8,818		18,461		9,104		8,620		17,725		9,992		8,017		18,009
Total segment revenues	$	32,413	$	41,336	$	73,749	$	34,894	$	36,741	$	71,635	$	38,140	$	35,166	$	73,306

SEGMENT REVENUES	Years ended December 31
	2022		2021		2020
Commercial Engines & Services	$	18,665	$	14,360	$	14,479
Military	4,410		4,136		4,572
Systems & Other	2,975		2,814		2,991
Aerospace	$	26,050	$	21,310	$	22,042
Onshore Wind	$	8,373	$	11,026	$	10,881
Grid Solutions equipment and services	3,086		3,207		3,585
Hydro, Offshore Wind and Hybrid Solutions	1,518		1,464		1,200
Renewable Energy	$	12,977	$	15,697	$	15,666
Gas Power	$	12,072	$	12,080	$	12,655
Steam Power	2,643		3,241		3,557
Power Conversion, Nuclear and other	1,547		1,582		1,378
Power	$	16,262	$	16,903	$	17,589
Healthcare Systems	$	16,489	$	15,694	$	15,387
Pharmaceutical Diagnostics	1,972		2,031		1,792
BioPharma	—		—		830
HealthCare	$	18,461	$	17,725	$	18,009
Total segment revenues	$	73,749	$	71,635	$	73,306
Corporate	$	2,806	$	2,561	$	2,528
Total revenues	$	76,555	$	74,196	$	75,833

Revenues are classified according to the region to which equipment and services are sold. For purposes of this analysis, the U.S. is presented separately from the remainder of the Americas.

Year ended December 31, 2022	Aerospace			Renewable Energy			Power			HealthCare			Corporate		Total
U.S.	$	10,722		$	6,265		$	5,121		$	8,078		$	2,850	$	33,036
Non-U.S.
Europe	6,013			3,023			3,484			3,697			68		16,284
China region	2,154			216			1,173			2,525			(5)		6,062
Asia (excluding China region)	2,731			1,396			2,101			2,225			(129)		8,324
Americas	1,713			1,120			1,931			1,038			(14)		5,788
Middle East and Africa	2,719			956			2,453			897			36		7,060
Total Non-U.S.	$	15,328		$	6,711		$	11,142		$	10,383		$	(44)	$	43,519
Total geographic revenues	$	26,050		$	12,977		$	16,262		$	18,461		$	2,806	$	76,555
Non-U.S. revenues as a % of total revenues	59		%	52		%	69		%	56		%			57		%

Year ended December 31, 2021	Aerospace			Renewable Energy			Power			HealthCare			Corporate		Total
U.S.	$	9,675		$	7,275		$	6,186		$	7,229		$	2,473	$	32,838
Non-U.S.
Europe	3,920			3,651			3,621			3,702			52		14,946
China region	2,419			464			1,145			2,700			16		6,744
Asia (excluding China region)	1,758			1,959			2,090			2,345			(45)		8,107
Americas	1,310			1,009			1,239			923			(4)		4,476
Middle East and Africa	2,228			1,340			2,622			826			69		7,085
Total Non-U.S.	$	11,635		$	8,422		$	10,717		$	10,496		$	88	$	41,358
Total geographic revenues	$	21,310		$	15,697		$	16,903		$	17,725		$	2,561	$	74,196
Non-U.S. revenues as a % of total revenues	55		%	54		%	63		%	59		%			56		%

Year ended December 31, 2020
U.S.	$	11,239		$	7,846		$	6,186		$	7,611		$	2,336	$	35,217
Non-U.S.
Europe	4,288			3,047			2,895			3,952			159		14,342
China region	2,078			1,156			1,253			2,455			35		6,978
Asia (excluding China region)	1,842			1,484			2,707			2,264			(55)		8,241
Americas	882			819			1,483			879			1		4,064
Middle East and Africa	1,713			1,314			3,064			848			52		6,991
Total Non-U.S.	$	10,803		$	7,820		$	11,403		$	10,398		$	192	$	40,616
Total geographic revenues	$	22,042		$	15,666		$	17,589		$	18,009		$	2,528	$	75,833
Non-U.S. revenues as a % of total revenues	49		%	50		%	65		%	58		%			54		%

REMAINING PERFORMANCE OBLIGATION. As of December 31, 2022, the aggregate amount of the contracted revenues allocated to our unsatisfied (or partially unsatisfied) performance obligations was $250,997 million. We expect to recognize revenue as we satisfy our remaining performance obligations as follows: 1) equipment-related remaining performance obligation of $48,936 million of which 59%, 81% and 98% is expected to be recognized within 1, 2 and 5 years, respectively, and the remaining thereafter; and 2) services-related remaining performance obligations of $202,061 million of which 13%, 46%, 70% and 84% is expected to be recognized within 1, 5, 10 and 15 years, respectively, and the remaining thereafter. Contract modifications could affect both the timing to complete as well as the amount to be received as we fulfill the related remaining performance obligations.

Total sales of equipment and services to agencies of the U.S. Government were 6%, 6% and 7% of total revenues for the years ended December 31, 2022, 2021 and 2020, respectively. Within our Aerospace segment, defense-related sales were 5%, 5% and 6% of total revenues for the years ended December 31, 2022, 2021 and 2020, respectively.

PROFIT AND EARNINGS For the years ended December 31	2022		2021		2020
Aerospace	$	4,775	$	2,882	$	1,229
Renewable Energy	(2,240)		(795)		(715)
Power	1,217		726		274
HealthCare	2,705		2,966		3,060
Total segment profit (loss)	6,456		5,778		3,848
Corporate(a)	(3,413)		892		8,061
Interest and other financial charges	(1,552)		(1,813)		(2,018)
Debt extinguishment costs	(465)		(6,524)		(301)
Non-operating benefit income (cost)	532		(1,782)		(2,430)
Goodwill impairments	—		—		(877)
Benefit (provision) for income taxes	(689)		124		333
Preferred stock dividends	(289)		(237)		(474)
Earnings (loss) from continuing operations attributable to GE common shareholders	581		(3,562)		6,141
Earnings (loss) from discontinued operations attributable to GE common shareholders	(644)		(3,195)		(911)
Net earnings (loss) attributable to GE common shareholders	$	(64)	$	(6,757)	$	5,230

(a) Includes interest and other financial charges of $54 million, $63 million and $50 million and benefit for income taxes of $213 million, $162 million and $154 million related to EFS within Corporate for the years ended December 31, 2022, 2021, and 2020, respectively.

	Assets						Property, plant and equipment additions(a)						Depreciation and amortization
	At December 31						For the years ended December 31						For the years ended December 31
	2022		2021		2020		2022		2021		2020		2022		2021		2020
Aerospace	$	39,243	$	38,298	$	38,634	$	543	$	445	$	737	$	1,037	$	1,074	$	1,142
Renewable Energy	15,719		14,804		15,927		275		349		302		412		432		413
Power	22,173		23,569		24,453		210		189		245		506		692		749
HealthCare	26,070		24,770		22,229		310		278		256		640		641		628
Corporate(b)(c)	81,692		94,256		114,220		34		25		40		948		168		531
Total continuing	$	184,896	$	195,697	$	215,463	$	1,371	$	1,286	$	1,579	$	3,543	$	3,009	$	3,464

(a)Additions to property, plant and equipment include amounts relating to principal businesses purchased.

(b)Depreciation and amortization included the Steam asset sale impairment in the first quarter of 2022.

(c)Included deferred income taxes that are presented as assets for purposes of our Statement of Financial Position presentation.

We classify certain assets that cannot meaningfully be associated with specific geographic areas as “Other Global” for this purpose.

December 31	2022		2021
U.S.	$	126,005	$	130,956
Non-U.S.
Europe	36,603		42,213
Asia	11,317		11,534
Americas	6,405		6,406
Other Global	4,566		4,588
Total Non-U.S.	$	58,892	$	64,741
Total assets (Continuing operations)	$	184,896	$	195,697

The decrease in continuing assets in 2022 was primarily driven by decreases in estimated fair value of our debt securities, depreciation and amortization on property, plant and equipment and intangible assets, including the Steam asset sale impairment, and the effects of a stronger U.S. dollar. Property, plant and equipment – net associated with operations based in the United States were $7,508 million and $8,411 million at December 31, 2022 and 2021, respectively. Property, plant and equipment – net associated with operations based outside the United States were $6,970 million and $7,198 million at December 31, 2022 and 2021, respectively.