CONTRACT & OTHER DEFERRED ASSETS AND PROGRESS COLLECTIONS & DEFERRED INCOME (Tables)

6 Months Ended

Jun. 30, 2018

Contractors [Abstract]

Contract with Customer, Asset and Liability

PROGRESS COLLECTIONS & DEFERRED INCOME
(In millions)	June 30, 2018		December 31, 2017
GE Contract Liabilities
Progress collections	$	17,190	$	18,310
Deferred income	3,798		3,911
Total progress collections & deferred income	$	20,988	$	22,221

June 30, 2018 (In millions)	Power		Aviation		Oil & Gas		Renewable Energy		Transportation		Other(a)		Total
GE
Revenues in excess of billings
Long-term product service agreements(b)	$	3,821	$	2,527	$	505	$	—	$	491	$	—	$	7,344
Equipment contract revenues(c)	4,247		416		1,059		297		207		506		6,733
Total contract assets	8,067		2,943		1,564		297		698		506		14,076
Deferred inventory costs(d)	996		554		244		1,288		36		335		3,453
Nonrecurring engineering costs(e)	142		1,834		14		23		95		21		2,128
Customer advances and other	1		1,127		—		—		1		—		1,129
Contract and other deferred assets	$	9,207	$	6,457	$	1,823	$	1,608	$	830	$	862	$	20,787

December 31, 2017 (In millions)	Power		Aviation		Oil & Gas		Renewable Energy		Transportation		Other(a)		Total
GE
Revenues in excess of billings
Long-term product service agreements(b)	$	3,357	$	2,614	$	517	$	1	$	413	$	—	$	6,902
Equipment contract revenues(c)	4,757		280		1,095		295		76		371		6,874
Total contract assets	8,115		2,893		1,612		296		488		371		13,775
Deferred inventory costs(d)	1,304		564		358		950		43		359		3,579
Nonrecurring engineering costs(e)	122		1,696		—		—		87		—		1,905
Customer advances and other	—		1,098		—		—		—		—		1,098
Contract and other deferred assets	$	9,539	$	6,251	$	1,971	$	1,246	$	619	$	729	$	20,356

(a) Primarily includes our Healthcare segment

(b) Long-term product service agreement balances are presented net of related billings in excess of revenues of $5,043 million and $5,498 million at June 30, 2018 and December 31, 2017, respectively.

(c) Included in this balance are amounts due from customers for the sale of service upgrades, which we collect through higher fixed or usage-based fees from servicing the equipment under long-term product service agreements. Amounts due from these financing arrangements totaled $799 million and $748 million, as of June 30, 2018 and December 31, 2017, respectively.

(d) Represents cost deferral for shipped goods (such as components for wind turbine assembly within our Renewable Energy segment) and labor and overhead costs on time and material service contracts (primarily originating in Power and Aviation) and other costs for which the criteria for revenue recognition has not yet been met.

(e) Includes costs incurred prior to production (e.g., requisition engineering) for equipment production contracts, primarily within our Aviation segment, which are allocated ratably to each unit produced.