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Statement of Earnings (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues and other income    
Sales of goods $ 17,208 $ 16,599
Sales of services 8,106 7,084
Other income (Note 17) 9 142
GE Capital earnings from continuing operations 0 0
GE Capital revenues from services 2,522 2,414
Total revenues and other income 27,845 26,239
Costs and expenses    
Cost of goods sold 14,588 13,520
Cost of services sold 5,773 5,162
Selling, general and administrative expenses 4,608 4,415
Interest and other financial charges 1,736 618
Investment contracts, insurance losses and insurance annuity benefits 642 613
Other costs and expenses 259 291
Total costs and expenses 27,606 24,619
Earnings (loss) from continuing operations before income taxes 238 1,621
Benefit (provision) for income taxes 139 (6,294)
Earnings (loss) from continuing operations 378 (4,673)
Earnings (loss) from discontinued operations, net of taxes (Note 2) (308) (8,936)
Net earnings (loss) 69 (13,608)
Less net earnings (loss) attributable to noncontrolling interests (121) (35)
Net earnings (loss) attributable to the Company 191 (13,573)
Preferred stock dividends (289) 0
Net earnings (loss) attributable to GE common shareowners (98) (13,573)
Amounts attributable to GE common shareowners    
Earnings (loss) from continuing operations 378 (4,673)
Less net earnings (loss) attributable to noncontrolling interests from continuing operations (121) (124)
Earnings (loss) from continuing operations attributable to the Company 499 (4,548)
Preferred stock dividends (289) 0
Earnings (loss) from continuing operations attributable to GE common shareowners 210 (4,548)
Earnings (loss) from discontinued operations, net of taxes (308) (8,936)
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations 0 89
Net earnings (loss) attributable to GE common shareowners $ (98) $ (13,573)
Earnings (loss) from continuing operations    
Diluted earnings (loss) per share $ 0.02 $ (0.45)
Basic earnings (loss) per share 0.02 (0.45)
Net earnings (loss)    
Diluted earnings (loss) per share (0.01) (1.35)
Basic earnings (loss) per share (0.01) (1.35)
Dividends declared per common share $ 0.23 $ 0.23
GE    
Revenues and other income    
Sales of goods $ 17,213 $ 16,648
Sales of services 8,194 7,192
Other income (Note 17) 92 52
GE Capital earnings from continuing operations (893) (5,721)
GE Capital revenues from services 0 0
Total revenues and other income 24,606 18,171
Costs and expenses    
Cost of goods sold 14,597 13,571
Cost of services sold 5,293 4,754
Selling, general and administrative expenses 3,982 3,825
Interest and other financial charges 440 389
Investment contracts, insurance losses and insurance annuity benefits 0 0
Other costs and expenses 0 0
Total costs and expenses 24,313 22,540
Earnings (loss) from continuing operations before income taxes 294 (4,369)
Benefit (provision) for income taxes (201) (306)
Earnings (loss) from continuing operations 92 (4,675)
Earnings (loss) from discontinued operations, net of taxes (Note 2) (308) (9,025)
Net earnings (loss) [1] (216) (13,700)
Less net earnings (loss) attributable to noncontrolling interests [1] (117) (127)
Net earnings (loss) attributable to the Company [1] (98) (13,573)
Preferred stock dividends 0 0
Net earnings (loss) attributable to GE common shareowners (98) (13,573)
Amounts attributable to GE common shareowners    
Earnings (loss) from continuing operations 92 (4,675)
Less net earnings (loss) attributable to noncontrolling interests from continuing operations (117) (127)
Earnings (loss) from continuing operations attributable to the Company 210 (4,548)
Preferred stock dividends 0 0
Earnings (loss) from continuing operations attributable to GE common shareowners 210 (4,548)
Earnings (loss) from discontinued operations, net of taxes [1] (308) (9,025)
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations 0 0
Net earnings (loss) attributable to GE common shareowners (98) (13,573)
GE Capital    
Revenues and other income    
Sales of goods 25 21
Sales of services 0 0
Other income (Note 17) 0 0
GE Capital earnings from continuing operations 0 0
GE Capital revenues from services 2,860 2,845
Total revenues and other income 2,885 2,866
Costs and expenses    
Cost of goods sold 20 18
Cost of services sold 568 516
Selling, general and administrative expenses 874 792
Interest and other financial charges 1,430 339
Investment contracts, insurance losses and insurance annuity benefits 671 642
Other costs and expenses 268 290
Total costs and expenses 3,833 2,597
Earnings (loss) from continuing operations before income taxes (948) 269
Benefit (provision) for income taxes 341 (5,988)
Earnings (loss) from continuing operations (608) (5,719)
Earnings (loss) from discontinued operations, net of taxes (Note 2) (308) (8,935)
Net earnings (loss) (916) (14,654)
Less net earnings (loss) attributable to noncontrolling interests (4) 91
Net earnings (loss) attributable to the Company (912) (14,745)
Preferred stock dividends (289) 0
Net earnings (loss) attributable to GE common shareowners (1,201) (14,745)
Amounts attributable to GE common shareowners    
Earnings (loss) from continuing operations (608) (5,719)
Less net earnings (loss) attributable to noncontrolling interests from continuing operations (4) 2
Earnings (loss) from continuing operations attributable to the Company (604) (5,721)
Preferred stock dividends (289) 0
Earnings (loss) from continuing operations attributable to GE common shareowners (893) (5,721)
Earnings (loss) from discontinued operations, net of taxes (308) (8,935)
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations 0 89
Net earnings (loss) attributable to GE common shareowners $ (1,201) $ (14,745)
[1] (a) Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis.