8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) April 21, 2017
	General Electric Company
	(Exact name of registrant as specified in its charter)
New York		001-00035	14-0689340
(State or other jurisdiction of incorporation)		(Commission File Number)	(IRS Employer Identification No.)
41 Farnsworth Street, Boston, MA			02210
(Address of principal executive offices)			(Zip Code)
Registrant's telephone number, including area code   (617) 443-3000
(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition.

On April 21, 2017, General Electric Company (the "Company") released its first-quarter 2017 financial results on its investor relations website at www.ge.com/investor. A copy of these is attached as Exhibit 99 and incorporated by reference herein.

The information provided pursuant to this Item 2.02, including Exhibit 99, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933 or the Exchange Act.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

The following exhibit is being furnished as part of this report:

Exhibit Description

99First-quarter 2017 financial results released on General Electric Company's website on April 21, 2017.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	General Electric Company
	(Registrant)
Date: April 21, 2017	/s/ Jan R. Hauser
	Jan R. Hauser Vice President and Controller

EX-99

Exhibit 99

GENERAL ELECTRIC COMPANY
CONDENSED STATEMENT OF EARNINGS (LOSS) (UNAUDITED)
	Consolidated					GE(a)					Financial Services (GE Capital)
Three months ended March 31	2017		2016		V%	2017		2016		V%	2017		2016		V%
Revenues and other income
Sales of goods and services	$	25,228	$	25,314	-%	$	25,392	$	25,407	-%	$	29	$	25	16%
Other income		168		9			137		92			-		-
GE Capital earnings (loss) from continuing operations		-		-			(47)		(892)			-		-
GE Capital revenues from services		2,264		2,522			-		-			2,652		2,860
Total revenues and other income		27,660		27,845	(1)%		25,481		24,607	4%		2,681		2,885	(7)%
Costs and expenses
Cost of sales		20,359		20,362			19,974		19,891			585		589
Selling, general and administrative expenses		4,506		4,608			4,020		3,982			574		874
Interest and other financial charges		1,139		1,736			564		440			812		1,430
Investment contracts, insurance losses and
insurance annuity benefits		634		642			-		-			636		671
Other costs and expenses		190		259			-		-			214		268
Total costs and expenses		26,829		27,606	(3)%		24,558		24,313	1%		2,820		3,833	(26)%
Earnings (loss) from continuing operations
before income taxes		832		238	F		923		294	F		(139)		(948)	85%
Benefit (provision) for income taxes		(16)		177			(143)		(164)			128		341
Earnings (loss) from continuing operations		816		415	97%		780		130	F		(11)		(608)	98%
Earnings (loss) from discontinued
operations, net of taxes		(239)		(308)			(239)		(309)			(242)		(308)
Net earnings (loss)		577		107	F		541		(178)	F		(253)		(916)	72%
Less net earnings (loss) attributable to
noncontrolling interests		(76)		(121)			(78)		(117)			2		(4)
Net earnings (loss) attributable to the Company		653		228	F		619		(61)	F		(256)		(912)	72%
Preferred stock dividends		(34)		(289)			-		-			(34)		(289)
Net earnings (loss) attributable to
GE common shareowners	$	619	$	(61)	F	$	619	$	(61)	F	$	(290)	$	(1,201)	76%
Amounts attributable to GE common
shareowners:
Earnings (loss) from continuing operations	$	816	$	415	97%	$	780	$	130	F	$	(11)	$	(608)	98%
Less net earnings (loss) attributable
to noncontrolling interests, continuing operations		(76)		(122)			(78)		(117)			2		(4)
Earnings (loss) from continuing operations
attributable to the Company		892		537	66%		858		248	F		(13)		(603)	98%
Preferred stock dividends		(34)		(289)			-		-			(34)		(289)
Earnings (loss) from continuing operations
attributable to GE common shareowners		858		248	F		858		248	F		(47)		(892)	95%
Earnings (loss) from discontinued
operations, net of taxes		(239)		(308)			(239)		(309)			(242)		(308)
Less net earnings (loss) attributable to
noncontrolling interests, discontinued operations		-		-			-		-			-		-
Net earnings (loss) attributable to GE
common shareowners	$	619	$	(61)	F	$	619	$	(61)	F	$	(290)	$	(1,201)	76%
Per-share amounts - earnings (loss) from
continuing operations
Diluted earnings (loss) per share	$	0.10	$	0.03	F
Basic earnings (loss) per share	$	0.10	$	0.03	F
Per-share amounts - net earnings (loss)
Diluted earnings (loss) per share	$	0.07	$	(0.01)	F
Basic earnings (loss) per share	$	0.07	$	(0.01)	F
Total average equivalent shares
Diluted		8,811		9,383	(6)%
Basic		8,714		9,288	(6)%
Dividends declared per common share	$	0.24	$	0.23	4%

(a) Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis.

Amounts may not add due to rounding. Dollar amounts and share amounts in millions; per-share amounts in dollars.

"GE Capital" means GE Capital Global Holdings, LLC (GECGH) and its predecessor General Electric Capital Corporation (GECC) and all of their affiliates and associated companies. Separate information is shown for "GE" and "Financial Services (GE Capital)." Transactions between GE and GE Capital have been eliminated from the "Consolidated" column. See Note 1 to the 2016 consolidated financial statements at www.ge.com/ar2016 for further information about consolidation matters.

GENERAL ELECTRIC COMPANY
SUMMARY OF OPERATING SEGMENTS (UNAUDITED)
	Three months ended March 31
(Dollars in millions)	2017		2016		V%
Revenues(a)
Power	$	6,089	$	5,204	17 %
Renewable Energy		2,044		1,669	22 %
Oil & Gas		3,001		3,314	(9)%
Aviation		6,804		6,262	9 %
Healthcare		4,291		4,183	3 %
Transportation		1,039		981	6 %
Energy Connections & Lighting(b)		2,747		4,256	(35)%
Total industrial segment revenues		26,016		25,869	1 %
Capital		2,681		2,885	(7)%
Total segment revenues		28,697		28,754	- %
Corporate items and eliminations(a)		(1,037)		(909)
Consolidated revenues and other income
from continuing operations	$	27,660	$	27,845	(1)%
Segment profit (loss)(a)
Power	$	797	$	573	39 %
Renewable Energy		107		83	29 %
Oil & Gas		207		308	(33)%
Aviation		1,684		1,524	10 %
Healthcare		643		631	2 %
Transportation		156		164	(5)%
Energy Connections & Lighting(b)		28		31	(10)%
Total industrial segment profit		3,622		3,314	9 %
Capital		(47)		(892)	95 %
Total segment profit (loss)		3,575		2,422	48 %
Corporate items and eliminations(a)		(2,009)		(1,571)
GE interest and other financial charges		(564)		(440)
GE provision for income taxes		(143)		(164)
Earnings (loss) from continuing operations
attributable to GE common shareowners		858		248	F
Earnings (loss) from discontinued operations,
net of taxes		(239)		(308)	22 %
Less net earnings attributable to
noncontrolling interests, discontinued operations		-		-	- %
Earnings (loss) from discontinued operations,
net of tax and noncontrolling interest		(239)		(309)	23 %
Consolidated net earnings (loss)
attributable to GE common shareowners	$	619	$	(61)	F

(a) Segment revenues include revenues and other income related to the segment. Segment profit excludes results reported as discontinued operations and material accounting changes, the portion of earnings or loss attributable to noncontrolling interests of consolidated subsidiaries, and as such only includes the portion of earnings or loss attributable to our share of the consolidated earnings or loss of consolidated subsidiaries. Segment profit excludes or includes interest and other financial charges and income taxes according to how a particular segment's management is measured – excluded in determining segment profit, which we sometimes refer to as "operating profit," for Power, Renewable Energy, Oil & Gas, Aviation, Healthcare, Transportation and Energy Connections & Lighting; included in determining segment profit, which we sometimes refer to as "net earnings," for Capital. Certain corporate costs, such as shared services, employee benefits and information technology are allocated to our segments based on usage. A portion of the remaining corporate costs are allocated based on each segment's relative net cost of operations. Total industrial segment revenues and profit include the sum of our seven industrial reporting segments without giving effect to the elimination of transactions among such segments. Total segment revenues and profit include the sum of our seven industrial segments and one financial services segment, without giving effect to the elimination of transactions among such segments.  We believe that this provides investors with a view as to the results of all of our segments, without inter-segment eliminations and corporate items.

(b) Beginning in the third quarter of 2016, the former Energy Connections and Appliances & Lighting segments are presented as one reporting segment called Energy Connections & Lighting. This segment includes the historical results of the Appliances business prior to its sale in June 2016.

Amounts may not add due to rounding

GENERAL ELECTRIC COMPANY
CONDENSED STATEMENT OF FINANCIAL POSITION (UNAUDITED)
	Consolidated				GE(a)				Financial Services (GE Capital)
	March 31,		December 31,		March 31,		December 31,		March 31,		December 31,
(Dollars in billions)	2017		2016		2017		2016		2017		2016
Assets
Cash and marketable securities(b)	$	83.5	$	92.4	$	8.1	$	10.7	$	75.4	$	81.8
Receivables		21.7		24.1		12.6		12.7		-		-
Inventories		22.7		22.4		22.6		22.3		0.1		0.1
GE Capital financing receivables - net		12.2		12.2		-		-		23.9		26.0
Property, plant & equipment - net		49.0		50.5		19.0		19.1		31.0		32.2
Receivable from GE Capital (debt assumption)		-		-		50.3		58.8		-		-
Investment in GE Capital		-		-		22.8		24.7		-		-
Goodwill & intangible assets		86.8		86.9		84.2		84.2		2.7		2.7
Contract assets		27.4		25.2		27.4		25.2		-		-
Other assets		34.4		35.0		18.5		18.7		24.6		25.4
Assets of businesses held for sale		4.1		1.7		3.8		1.6		-		-
Assets of discontinued operations		9.8		14.8		-		-		9.8		14.8
Total assets	$	351.6	$	365.2	$	269.2	$	277.9	$	167.3	$	183.0
Liabilities and equity
Borrowings(c)	$	128.7	$	136.2	$	74.0	$	79.3	$	106.1	$	117.3
Investment contracts, insurance liabilities and
insurance annuity benefits		26.3		26.1		-		-		26.9		26.5
Non-current compensation and benefits		43.0		43.8		42.1		42.8		1.0		1.0
Other liabilities		71.5		73.8		73.1		74.9		8.5		9.0
Liabilities of businesses held for sale		1.1		0.7		1.1		0.7		-		-
Liabilities of discontinued operations		1.7		4.2		-		-		1.7		4.1
Redeemable noncontrolling interest		3.1		3.0		3.1		3.0		-		-
GE shareowners' equity		74.5		75.8		74.5		75.8		22.8		24.7
Noncontrolling interests		1.6		1.7		1.4		1.4		0.3		0.3
Total liabilities and equity	$	351.6	$	365.2	$	269.2	$	277.9	$	167.3	$	183.0

(a) Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis.

(b) At March 31, 2017, GE Capital maintained liquidity sources of $43.4 billion that consisted of cash and equivalents of $33.7 billion, high-quality investments of $8.9 billion and cash and equivalents of $0.8 billion classified as assets of discontinued operations.  Additionally, at March 31, 2017, GE has $20 billion of committed unused credit lines. Credit lines maintained at GE Company since December 2015, but can be drawn and lent to GE Capital upon request.

(c) GE Capital borrowings includes commercial paper of $5 billion for both periods ended March 31, 2017, and December 31, 2016.

Amounts may not add due to rounding

"GE Capital" means GE Capital Global Holdings, LLC (GECGH) and its predecessor General Electric Capital Corporation (GECC) and all of their affiliates and associated companies. Separate information is shown for "GE" and "Financial Services (GE Capital)." Transactions between GE and GE Capital have been eliminated from the "Consolidated" column. See Note 1 to the 2016 consolidated financial statements at www.ge.com/ar2016 for further information about consolidation matters.

GENERAL ELECTRIC COMPANY

Financial Measures That Supplement GAAP

We sometimes use financial measures derived from consolidated financial information but not presented in our financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP). Certain of these are considered "non-GAAP financial measures" under the U.S. Securities and Exchange Commission rules. The following non-GAAP financial measures supplement our GAAP disclosures and should not be considered an alternative to the GAAP measure.

 Industrial operating and GE Capital earnings (loss) from continuing operations and EPS

 Industrial operating + Verticals earnings and EPS (and excluding gains and restructuring)

 Industrial operating profit and operating profit margin (excluding certain items)

 Industrial segment organic revenues

 Industrial segment organic operating profit

 Industrial cash flows from operating activities (Industrial CFOA)

 2017 operating framework including 2017 Industrial operating + Verticals EPS target

The reasons we use these non-GAAP financial measures and the reconciliations to their most directly comparable GAAP financial measures follow. Certain columns, rows or percentages within these reconciliations may not add or recalculate due to the use of rounded numbers. Totals and percentages presented are calculated from the underlying numbers in millions.

INDUSTRIAL OPERATING AND GE CAPITAL EARNINGS (LOSS) FROM CONTINUING OPERATIONS AND EPS
		Three months ended March 31
(Dollars in millions; except per share amounts)		2017		2016	V%
Consolidated earnings from continuing operations attributable to GE common shareowners (GAAP)	$	858	$	248	F
Non-operating pension costs		578		512
Tax effect on non-operating pension costs(a)		(202)		(179)
Adjustment: non-operating pension costs (net of tax)		376		333
Operating earnings (Non-GAAP)	$	1,234	$	581	F
Adjustment: GE Capital (loss) from continuing operations attributable to GE common shareowners		(47)		(892)
Industrial operating earnings (Non-GAAP)	$	1,281	$	1,473	(13)%
Earnings (loss) per share (EPS) - diluted(b)
Consolidated EPS from continuing operations attributable to GE common shareowners (GAAP)	$	0.10	$	0.03	F
Adjustment: non-operating pension costs (net of tax)		0.04		0.04
Operating EPS (Non-GAAP)		0.14		0.06	F
Adjustment: GE Capital EPS from continuing operations attributable to GE common shareowners (GAAP)		(0.01)		(0.10)	90%
Industrial operating EPS (Non-GAAP)	$	0.14	$	0.16	(13)%

(a) The tax effect on non-operating pension costs was calculated using a 35% U.S. federal statutory tax rate, based on its applicability to such cost.

(b) Earnings (loss) per-share amounts are computed independently. As a result, the sum of per-share amounts may not equal the total.

Operating earnings (loss) excludes non-service related pension costs of our principal pension plans comprising interest cost, expected return on plan assets and amortization of actuarial gains/losses. The service cost, prior service cost and any curtailment gain or loss components of our principal pension plans are included in operating earnings. We believe that these components of pension cost better reflect the ongoing service-related costs of providing pension benefits to our employees. As such, we believe that our measure of operating earnings (loss) provides management and investors with a useful measure of the operational results of our business. Other components of GAAP pension cost are mainly driven by capital allocation decisions and market performance, and we manage these separately from the operational performance of our businesses. Neither GAAP nor operating pension costs are necessarily indicative of the current or future cash flow requirements related to our pension plans. We believe that this measure, considered along with the corresponding GAAP measure, provides management and investors with additional information for comparison of our operating results to the operating results of other companies. We also believe that presenting operating earnings separately for our industrial businesses provides management and investors with useful information about the relative size of our industrial and financial services businesses in relation to the total company.

INDUSTRIAL OPERATING + VERTICALS EARNINGS AND EPS (AND EXCLUDING GAINS AND RESTRUCTURING)
		Three months ended March 31
(Dollars in millions; except per share amounts)		2017		2016	V%
GE Capital earnings (loss) from continuing operations attributable to GE common shareowners (GAAP)	$	(47)	$	(892)	95%
Adjustment: GE Capital other continuing earnings (loss) (Other Capital)		(582)		(1,389)
Verticals earnings(a)	$	535	$	496	8%
Industrial operating earnings (Non-GAAP)		1,281		1,473	(13)%
Industrial operating earnings + Verticals earnings (Non-GAAP)	$	1,816	$	1,970	(8)%
Adjustment: Gains (net of tax)		1		38
Adjustment: Restructuring (net of tax)		(714)		(483)
Industrial operating earnings + Verticals earnings, excluding gains & restructuring (Non-GAAP)	$	2,529		2,415	5%
Earnings (loss) per share (EPS) - diluted(b)
GE Capital EPS from continuing operations attributable to GE common shareowners (GAAP)		(0.01)		(0.10)	90%
Adjustment: GE Capital other continuing EPS (Other Capital EPS)		(0.07)		(0.15)	53%
Verticals EPS	$	0.06	$	0.05	20%
Industrial operating EPS (Non-GAAP)		0.14		0.16
Industrial operating + Verticals EPS (Non-GAAP)	$	0.21	$	0.21	-%
Adjustment: Gains (net of tax) per share		-		-
Adjustment: Restructuring (net of tax) per share		(0.08)		(0.05)
Industrial operating earnings + Verticals earnings EPS, excluding gains & restructuring per share (Non-GAAP)	$	0.29	$	0.26	12%

(a) Verticals include businesses expected to be retained (GECAS, Energy Financial Services, Industrial Finance, and run-off Insurance), including allocated corporate after tax costs of $25 million in both the three months ended March 31, 2017 and 2016.

(b) Earnings-per-share amounts are computed independently. As a result, the sum of per-share amounts may not equal the total.

As described above, Verticals represents the GE Capital businesses that we expect to retain. We believe that presenting Industrial operating + Verticals earnings-per-share amounts provides management and investors with a useful measure to evaluate the performance of the businesses we expect to retain after the disposition of most of our financial services business.

We have also presented our Industrial operating + Verticals earnings and EPS excluding gains and restructuring and other charges. We believe that Industrial operating + Verticals earnings and EPS adjusted for these items are meaningful measures because they increase the comparability of period-to-period results.

INDUSTRIAL OPERATING PROFIT AND OPERATING PROFIT MARGIN (EXCLUDING CERTAIN ITEMS)
	Three months ended March 31
(Dollars in millions)		2017		2016
Revenues
GE total revenues and other income	$	25,481	$	24,607
Less: GE Capital earnings (loss) from continuing operations		(47)		(892)
GE revenues and other income excluding GE Capital earnings (loss) (Industrial revenues) (GAAP)	$	25,528	$	25,499
Less: gains on disposals		2		59
Adjusted Industrial revenues (Non-GAAP)	$	25,526	$	25,440
Costs
GE total costs and expenses	$	24,558	$	24,313
Less: GE interest and other financial charges		564		440
Industrial costs excluding interest and other financial charges (GAAP)	$	23,994	$	23,873
Less: non-operating pension costs		578		512
Less: restructuring and other charges		1,020		686
Less: noncontrolling interests		78		117
Adjusted Industrial costs (Non-GAAP)	$	22,318	$	22,558
Industrial profit (GAAP)	$	1,534	$	1,626
Industrial margins (GAAP)		6.0%		6.4%
Industrial operating profit (Non-GAAP)	$	3,208	$	2,883
Industrial operating profit margins (Non-GAAP)		12.6%		11.3%

We have presented our Industrial operating profit and operating profit margin excluding gains, non-operating pension costs, restructuring and other charges, and noncontrolling interests. We believe that Industrial operating profit and operating profit margin adjusted for these items are meaningful measures because they increase the comparability of period-to-period results.

INDUSTRIAL SEGMENT ORGANIC REVENUES
	Three months ended March 31
(Dollars in millions)		2017		2016	V%
Industrial segment revenues (GAAP)	$	26,016	$	25,869	1%
Adjustments:
Acquisitions		132		1
Business dispositions		10		1,556
Currency exchange rates		(108)		-
Industrial segment organic revenues (Non-GAAP)	$	25,981	$	24,312	7%

Organic revenue growth measures revenue growth excluding the effects of acquisitions, business dispositions and currency exchange rates. We believe that this measure provides management and investors with a more complete understanding of underlying operating results and trends of established, ongoing operations by excluding the effect of acquisitions, dispositions and currency exchange, which activities are subject to volatility and can obscure underlying trends. We also believe that presenting organic revenue growth separately for our industrial businesses provides management and investors with useful information about the trends of our industrial businesses and enables a more direct comparison to other non-financial businesses and companies. Management recognizes that the term "organic revenue growth" may be interpreted differently by other companies and under different circumstances. Although this may have an effect on comparability of absolute percentage growth from company to company, we believe that these measures are useful in assessing trends of the respective businesses or companies and may therefore be a useful tool in assessing period-to-period performance trends.

INDUSTRIAL SEGMENT ORGANIC OPERATING PROFIT
	Three months ended March 31
(Dollars in millions)		2017		2016	V%
Industrial segment profit (GAAP)	$	3,622	$	3,314	9%
Adjustments:
Acquisitions		(10)		1
Business dispositions		9		123
Currency exchange rates		(39)		-
Industrial segment organic operating profit (Non-GAAP)	$	3,662	$	3,191	15%

Industrial segment organic operating profit growth measures Industrial segment profit excluding the effects of acquisitions, business dispositions and currency exchange rates. We believe that this measure provides management and investors with a more complete understanding of underlying operating results and trends of established, ongoing operations by excluding the effect of acquisitions, dispositions and currency exchange, which activities are subject to volatility and can obscure underlying trends. We also believe that presenting industrial segment organic operating profit growth separately for our industrial businesses provides management and investors with useful information about the trends of our industrial businesses and enables a more direct comparison to other non-financial businesses and companies. Management recognizes that the term "Industrial segment organic operating profit growth" may be interpreted differently by other companies and under different circumstances. Although this may have an effect on comparability of absolute percentage growth from company to company, we believe that these measures are useful in assessing trends of the respective businesses or companies and may therefore be a useful tool in assessing period-to-period performance trends.

INDUSTRIAL CASH FLOWS FROM OPERATING ACTIVITIES (INDUSTRIAL CFOA)
	Three months ended March 31
(Dollars in millions)		2017		2016	V%
Cash from GE's operating activities (continuing operations), as reported (GAAP)	$	370	$	7,902	(95)%
Adjustment: dividends from GE Capital		2,000		7,500
Industrial CFOA (Non-GAAP)	$	(1,630)	$	402	U

We define "Industrial CFOA" as GE's cash from operating activities (continuing operations) less the amount of dividends received by GE from GE Capital. This reflects the effects of intercompany transactions, which include, but are not limited to, the following: GE Capital working capital solutions to optimize GE cash management; GE Capital enabled GE industrial orders; aircraft engines, power equipment and healthcare equipment manufactured by GE that are installed on GE Capital investments, including leased equipment; expenses related to parent-subsidiary pension plans; buildings and equipment leased between GE and GE Capital, including sale-leaseback transactions; information technology (IT) and other services sold to GE Capital by GE; and various investments, loans and allocations of GE corporate overhead costs.

We believe that investors may find it useful to compare GE's operating cash flows without the effect of GE Capital dividends, since these dividends are not representative of the operating cash flows of our industrial businesses and can vary from period to period based upon the results of the financial services businesses. Management recognizes that these measures may not be comparable to cash flow results of companies which contain both industrial and financial services businesses, but believes that this comparison is aided by the provision of additional information about the amounts of dividends paid by our financial services business and the separate presentation in our financial statements of the GE Capital cash flows. We believe that our measure of Industrial CFOA provides management and investors with useful measures to compare the capacity of our industrial operations to generate operating cash flow with the operating cash flow of other non-financial businesses and companies and as such provides useful measures to supplement the reported GAAP CFOA measure.

2017 OPERATING FRAMEWORK INCLUDING 2017 INDUSTRIAL OPERATING + VERTICALS EPS TARGET

2017 Industrial operating + Verticals EPS Target$1.60-1.70

Items not included in non-GAAP metric:

1)Non-operating pension cost, which we estimate to be approximately $(0.16) – (0.17) per share.

2)Capital Other continuing earnings (excluding Verticals), which we estimate to be approximately $(0.03) – (0.12) per share. This amount is affected by, among other things:

• The timing of when, and the amount by which, the Company pays down GE Capital's outstanding debt; and

• The timing and magnitude of the remaining costs associated with GE Capital's Exit Plan.

Note: The company cannot provide an equivalent GAAP EPS guidance range without unreasonable effort because of the uncertainty of the amount and timing of events affecting earnings as we execute the GE Capital Exit Plan. Although we have attempted to estimate GE Capital's Other continuing earnings for the purpose of explaining the probable significance of this component, as described under number 2, this calculation involves a number of unknown variables, resulting in a GAAP range that we believe is too large and variable to be meaningful.

It is also impractical to provide a reconciliation for our organic revenue, Industrial operating margin expansion and Free Cash Flow plus Dispositions targets as these involve a number of unknown variables including the effects of future acquisitions, dispositions, restructuring activities, property plant and equipment purchases and dispositions and currency exchange.