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EARNINGS PER SHARE INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share
 
Three months ended June 30
 
2017
 
2016
(In millions; per-share amounts in dollars)
Diluted

Basic

 
Diluted

Basic

 
 
 
 
 
 
Amounts attributable to the Company:
 
 
 
 
 
Consolidated
 
 
 
 
 
Earnings from continuing operations
   for per-share calculation(a)(b)
$
1,514

$
1,514

 
$
3,446

$
3,449

Preferred stock dividends
(182
)
(182
)
 
(152
)
(152
)
Earnings from continuing operations attributable to
   common shareowners for per-share calculation(a)(b)
$
1,332

$
1,332

 
$
3,294

$
3,297

Loss from discontinued operations
   for per-share calculation(a)(b)
(157
)
(157
)
 
(546
)
(543
)
Net earnings attributable to GE common
   shareowners for per-share calculation(a)(b)
$
1,179

$
1,179

 
$
2,751

$
2,753

 
 
 
 
 
 
Average equivalent shares
 
 
 
 
 
Shares of GE common stock outstanding
8,671

8,671

 
9,079

9,079

Employee compensation-related shares (including stock options)
89

—

 
108

—

Total average equivalent shares
8,760

8,671

 
9,187

9,079

 
 
 
 
 
 
Per-share amounts
 
 
 
 
 
Earnings from continuing operations
$
0.15

$
0.15

 
$
0.36

$
0.36

Loss from discontinued operations
(0.02
)
(0.02
)
 
(0.06
)
(0.06
)
Net earnings
0.13

0.14

 
0.30

0.30

 
 
 
 
 
 
 
Six months ended June 30
 
2017
 
2016
(In millions; per-share amounts in dollars)
Diluted

Basic

 
Diluted

Basic

 
 
 
 
 
 
Amounts attributable to the Company:
 
 
 
 
 
Consolidated
 
 
 
 
 
Earnings from continuing operations
   for per-share calculation(a)(b)
$
2,401

$
2,400

 
$
3,981

$
3,983

Preferred stock dividends
(216
)
(216
)
 
(441
)
(441
)
Earnings from continuing operations attributable to
   common shareowners for per-share calculation(a)(b)
$
2,185

$
2,184

 
$
3,540

$
3,542

Loss from discontinued operations
   for per-share calculation(a)(b)
(399
)
(400
)
 
(861
)
(858
)
Net earnings attributable to GE common
   shareowners for per-share calculation(a)(b)
$
1,793

$
1,793

 
$
2,687

$
2,690

 
 
 
 
 
 
Average equivalent shares
 
 
 
 
 
Shares of GE common stock outstanding
8,695

8,695

 
9,179

9,179

Employee compensation-related shares (including stock options)
94

—

 
101

—

Total average equivalent shares
8,789

8,695

 
9,281

9,179

 
 
 
 
 
 
Per-share amounts
 
 
 
 
 
Earnings from continuing operations
$
0.25

$
0.25

 
$
0.38

$
0.39

Loss from discontinued operations
(0.05
)
(0.05
)
 
(0.09
)
(0.09
)
Net earnings
0.20

0.21

 
0.29

0.29

(a)
Our unvested restricted stock unit awards that contain non-forfeitable rights to dividends or dividend equivalents are considered participating securities. For the three months ended June 30, 2017 pursuant to the two-class method, as a result of excess dividends in respect to the current period earnings, losses were not allocated to the participating securities. For the three months ended June 30, 2016, participating securities are included in the computation of earnings per share pursuant to the two-class method and the application of this treatment had an insignificant effect. For the six months ended June 30, 2017 and 2016, pursuant to the two-class method, as a result of excess dividends in respect to the current period earnings, losses were not allocated to the participating securities.
(b)
Included an insignificant amount of dividend equivalents in each of the periods presented.