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Statement of Earnings (unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues and other income        
Sales of goods [1] $ 17,860 $ 18,723 $ 53,003 $ 53,894
Sales of services [1] 7,667 7,167 22,263 21,945
Other income [1] 169 258 1,092 792
GECC earnings from continuing operations [1] 0 0 0 0
GECC revenues from services (Note 12) [1] 5,984 5,959 16,373 17,964
Total revenues and other income [1] 31,680 32,107 92,731 94,595
Costs and expenses        
Cost of goods sold 14,199 15,232 42,748 [1],[2] 43,600 [1],[2]
Cost of services sold 5,050 4,508 14,690 [1],[2] 14,668 [1],[2]
Interest and other financial charges [1] 1,462 1,325 3,976 3,975
Investment contracts, insurance losses and insurance annuity benefits [1] 676 662 1,952 1,940
Provision for losses on financing receivables (Note 5) [1] 738 858 4,636 2,693
Other costs and expenses [1] 6,298 6,318 19,125 18,744
Total costs and expenses [1] 28,423 28,903 87,127 85,620
Earnings (loss) from continuing operations before income taxes [1] 3,257 3,204 5,604 8,975
Benefit (provision) for income taxes [1] (365) (401) (7,466) (1,034)
Earnings (loss) from continuing operations [1] 2,892 2,803 (1,862) 7,941
Earnings (loss) from discontinued operations, net of taxes (Note 2) [1] (347) 706 (10,336) 2,065
Net earnings (loss) [1] 2,545 3,509 (12,198) 10,006
Less net earnings (loss) attributable to noncontrolling interests [1] 39 (28) 229 (75)
Net earnings (loss) attributable to the Company [1] 2,506 3,537 (12,427) 10,081
Preferred stock dividends declared [1] 0 0 0 0
Net earnings (loss) attributable to GE common shareowners [1] 2,506 3,537 (12,427) 10,081
Amounts attributable to GE common shareowners        
Earnings (loss) from continuing operations [1] 2,892 2,803 (1,862) 7,941
Less net earnings (loss) attributable to noncontrolling interests [1] 39 (28) 229 (75)
Earnings (loss) from continuing operations attributable to the Company [1] 2,853 2,831 (2,091) 8,016
GECC preferred stock dividends declared [1] 0 0 0 0
Earnings (loss) from continuing operations attributable to GE common shareowners [1] 2,853 2,831 (2,091) 8,016
Earnings (loss) from discontinued operations, net of taxes [1] (347) 706 (10,336) 2,065
Net earnings (loss) attributable to GE common shareowners [1] $ 2,506 $ 3,537 $ (12,427) $ 10,081
Earnings (loss) from continuing operations        
Diluted earnings (loss) per share $ 0.28 $ 0.28 $ (0.21) $ 0.79
Basic earnings (loss) per share 0.28 0.28 (0.21) 0.8
Net earnings        
Diluted earnings (loss) per share 0.25 0.35 (1.23) 0.99
Basic earnings (loss) per share 0.25 0.35 (1.23) 1
Dividends declared per common share $ 0.23 $ 0.22 $ 0.69 $ 0.66
GE        
Revenues and other income        
Sales of goods [1],[3] $ 17,874 $ 18,764 $ 53,071 $ 54,017
Sales of services [1],[3] 7,738 7,261 22,521 22,245
Other income [1],[3] 201 236 1,023 689
GECC earnings from continuing operations [1],[3] 734 843 (7,394) 3,252
GECC revenues from services (Note 12) [1],[3] 0 0 0 0
Total revenues and other income [1],[3] 26,547 27,104 69,221 80,203
Costs and expenses        
Cost of goods sold [1],[3] 14,215 15,274 42,821 [2] 43,729 [2]
Cost of services sold [1],[3] 5,121 4,603 14,948 [2] 14,969 [2]
Interest and other financial charges [1],[3] 440 377 1,243 1,142
Investment contracts, insurance losses and insurance annuity benefits [1],[3] 0 0 0 0
Provision for losses on financing receivables (Note 5) [1],[3] 0 0 0 0
Other costs and expenses [1],[3] 3,549 3,686 11,035 11,355
Total costs and expenses [1],[3] 23,325 23,940 70,048 71,195
Earnings (loss) from continuing operations before income taxes [1],[3] 3,222 3,164 (827) 9,008
Benefit (provision) for income taxes [1],[3] (413) (416) (1,302) (1,143)
Earnings (loss) from continuing operations [1],[3] 2,809 2,748 (2,129) 7,865
Earnings (loss) from discontinued operations, net of taxes (Note 2) [1],[3] (347) 706 (10,336) 2,065
Net earnings (loss) [1],[3] 2,462 3,454 (12,465) 9,930
Less net earnings (loss) attributable to noncontrolling interests [1],[3] (43) (83) (38) (151)
Net earnings (loss) attributable to the Company [1],[3] 2,506 3,537 (12,427) 10,081
Preferred stock dividends declared [1],[3] 0 0 0 0
Net earnings (loss) attributable to GE common shareowners [1],[3] 2,506 3,537 (12,427) 10,081
Amounts attributable to GE common shareowners        
Earnings (loss) from continuing operations [1],[3] 2,809 2,748 (2,129) 7,865
Less net earnings (loss) attributable to noncontrolling interests [1],[3] (43) (83) (38) (151)
Earnings (loss) from continuing operations attributable to the Company [1],[3] 2,853 2,831 (2,091) 8,016
GECC preferred stock dividends declared [1],[3] 0 0 0 0
Earnings (loss) from continuing operations attributable to GE common shareowners [1],[3] 2,853 2,831 (2,091) 8,016
Earnings (loss) from discontinued operations, net of taxes [1],[3] (347) 706 (10,336) 2,065
Net earnings (loss) attributable to GE common shareowners [1],[3] 2,506 3,537 (12,427) 10,081
GECC        
Revenues and other income        
Sales of goods [1] 21 28 64 89
Sales of services [1] 0 0 0 0
Other income [1] 0 0 0 0
GECC earnings from continuing operations [1] 0 0 0 0
GECC revenues from services (Note 12) [1] 6,290 6,356 17,388 19,134
Total revenues and other income [1] 6,312 6,384 17,452 19,223
Costs and expenses        
Cost of goods sold 18 [1] 25 [1] 58 [2] 81 [2]
Cost of services sold 0 [1] 0 [1] 0 [2] 0 [2]
Interest and other financial charges [1] 1,151 1,061 3,096 3,184
Investment contracts, insurance losses and insurance annuity benefits [1] 717 700 2,070 2,041
Provision for losses on financing receivables (Note 5) [1] 738 858 4,636 2,693
Other costs and expenses [1] 2,918 2,857 8,555 8,005
Total costs and expenses [1] 5,542 5,501 18,415 16,004
Earnings (loss) from continuing operations before income taxes [1] 769 883 (963) 3,219
Benefit (provision) for income taxes [1] 48 15 (6,164) 109
Earnings (loss) from continuing operations [1] 817 898 (7,127) 3,328
Earnings (loss) from discontinued operations, net of taxes (Note 2) [1] (347) 706 (10,332) 2,070
Net earnings (loss) [1] 470 1,604 (17,459) 5,398
Less net earnings (loss) attributable to noncontrolling interests [1] 83 55 267 76
Net earnings (loss) attributable to the Company [1] 387 1,549 (17,726) 5,322
Preferred stock dividends declared [1] 0 0 (161) (161)
Net earnings (loss) attributable to GE common shareowners [1] 387 1,549 (17,887) 5,161
Amounts attributable to GE common shareowners        
Earnings (loss) from continuing operations [1] 817 898 (7,127) 3,328
Less net earnings (loss) attributable to noncontrolling interests [1] 83 55 267 76
Earnings (loss) from continuing operations attributable to the Company [1] 734 843 (7,394) 3,252
GECC preferred stock dividends declared [1] 0 0 (161) (161)
Earnings (loss) from continuing operations attributable to GE common shareowners [1] 734 843 (7,555) 3,091
Earnings (loss) from discontinued operations, net of taxes [1] (347) 706 (10,332) 2,070
Net earnings (loss) attributable to GE common shareowners [1] $ 387 $ 1,549 $ (17,887) $ 5,161
[1] Amounts may not add due to rounding.
[2] Includes revisions to previously reported amounts which increased cost of goods sold and decreased cost of services sold by $401million and $728 million for the three months ended March 31, 2015 and June 30, 2015, respectively .
[3] (a) Represents the adding together of all affiliated companies except General Electric Capital Corporation (GECC or Financial Services), which is presented on a one-line basis. See Note 1.