XML 43 R31.htm IDEA: XBRL DOCUMENT v3.10.0.1
Basis of Presentation and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2017
Accounting Policies [Abstract]  
Schedule of new accounting pronouncements
The change in historical periods to our statements of income (loss) related to the adoption of ASU No. 2017-07 is summarized below:
 
Year Ended
 
December 31, 2017
December 31, 2016
Operating income (loss)
(1
)
24

Non operating income (loss)
1

(24
)
The change in historical periods to our statements of income (loss) related to the adoption of the standard is summarized below (in millions, except per share amounts):
 
 
Year Ended
 
 
December 31, 2017
December 31, 2016
Revenue:
 
 
 
Sales of goods
 
$
163

$
(26
)
Sales of services
 
(243
)
(161
)
Total revenue
 
(80
)
(187
)
 
 
 
 
Operating loss
 
(175
)
(226
)
 
 
 
 
Net income (loss)
 
(150
)
(149
)
Net income (loss) attributable to BHGE
 
(30
)

 
 
 
 
Per share amounts:
 
 
 
Basic and diluted loss per Class A common stock
 
(0.07
)
 
The increase (decrease) to our statement of financial position related to the adoption of the standard is summarized below:
 
December 31, 2017
December 31, 2016
ASSETS
 
 
Current receivables, net
$
1

$
1

Inventories, net
(83
)
(58
)
Contract and other deferred assets
(701
)
(458
)
Deferred income taxes
233

260

 
 
 
LIABILITIES AND EQUITY
 
 
Accounts Payable
$

$
(2
)
Progress collections and deferred income
394

442

All other current liabilities
(64
)
(50
)
Deferred income taxes
(34
)

All other liabilities
(83
)
(70
)
Baker Hughes, a GE company equity
(432
)
(575
)
Noncontrolling interests
(331
)