XML 26 R15.htm IDEA: XBRL DOCUMENT v3.24.1.u1
REVENUES
3 Months Ended
Mar. 31, 2024
Revenue from Contract with Customer [Abstract]  
REVENUES
NOTE 8. REVENUES

EQUIPMENT & SERVICES REVENUES
Three months ended March 3120242023
EquipmentServicesTotalEquipmentServicesTotal
Aerospace
$2,421 $5,643 $8,064 $1,974 $5,007 $6,981 
Renewable Energy2,458 547 3,005 2,311 527 2,837 
Power1,185 2,949 4,134 1,102 2,718 3,820 
Total segment revenues$6,064 $9,139 $15,203 $5,387 $8,252 $13,638 

REVENUESThree months ended March 31
20242023
Commercial Engines and Services$6,064 $5,194 
Defense and Propulsion Technologies2,301 1,961 
Eliminations & Other(301)(173)
Aerospace(a)
$8,064 $6,981 
Onshore Wind$1,198 $1,502 
Grid Solutions equipment and services1,085 824 
Hydro, Offshore Wind and Hybrid Solutions722 511 
Renewable Energy$3,005 $2,837 
Gas Power$3,068 $2,867 
Steam Power584 541 
Power Conversion, Nuclear and other483 412 
Power$4,134 $3,820 
Total segment revenues$15,203 $13,638 
GE Digital revenues$209 $237 
Insurance revenues879 791 
Eliminations and other(237)(181)
Corporate$850 $848 
Total revenues$16,053 $14,486 
(a) Does not give effect to post-GE Vernova separation eliminations and Corporate adjustments.
REMAINING PERFORMANCE OBLIGATION. As of March 31, 2024, the aggregate amount of the contracted revenues allocated to our unsatisfied (or partially unsatisfied) performance obligations was $265,870 million. We expect to recognize revenue as we satisfy our remaining performance obligations as follows: (1) equipment-related remaining performance obligation of $57,775 million, of which 41%, 65% and 88% is expected to be satisfied within 1, 2 and 5 years, respectively; and (2) services-related remaining performance obligation of $208,095 million, of which 13%, 46%, 69% and 84% is expected to be recognized within 1, 5, 10 and 15 years, respectively, and the remaining thereafter.