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Consolidated and Combined Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net income (loss) $ (242) $ 334 $ (631)
Adjustments to reconcile net income (loss) to net cash flows from operating activities:      
Depreciation and amortization 1,103 550 530
Goodwill impairment 0 0 2,080
Provision for deferred income taxes (304) 39 (96)
Changes in operating assets and liabilities:      
Current receivables (1,190) 278 469
Inventories 392 345 442
Accounts payable 303 (256) (450)
Progress collections (232) (714) (867)
Deferred charges (570) (292) (87)
Other operating items, net (59) (22) (113)
Net cash flows from (used in) operating activities (799) 262 1,277
Cash flows from investing activities:      
Expenditures for capital assets (665) (424) (607)
Proceeds from disposal of assets 172 20 30
Proceeds from business dispositions 20 0 181
Net cash paid for acquisitions (3,365) (1) (86)
Other investing items, net (292) (67) 16
Net cash flows used in investing activities (4,130) (472) (466)
Cash flows from financing activities:      
Net borrowings (repayments) of short-term borrowings (663) (156) 177
Proceeds from the issuance of long-term debt 3,928 0 0
Repayments of long-term debt (177) 0 0
Net transfer from Parent 1,498 191 (708)
Contribution received from GE 7,400 0 0
Dividends paid (155) 0 0
Distributions to noncontrolling interest (251) 0 0
Repurchase of Class A common stock (174) 0 0
Repurchase of GE common units by BHGE LLC (303) 0 0
Other financing items, net (184) (137) 16
Net cash flows from (used in) financing activities 10,919 (102) (515)
Effect of currency exchange rate changes on cash and equivalents 52 (139) (254)
Increase (decrease) in cash and equivalents 6,042 (451) 42
Cash and equivalents, beginning of period 981 1,432 1,390
Cash and equivalents, end of period 7,023 [1] 981 1,432
Supplemental cash flows disclosures:      
Income taxes paid, net of refunds 230 317 264
Interest paid $ 109 $ 55 $ 52
[1] Total assets include $1,124 million of assets held on behalf of GE, of which $997 million is cash and equivalents and $127 million is investment securities at December 31, 2017 and a corresponding amount of liability is reported in short-term borrowings. See "Note 16. Related Party Transactions" for further details.