GUARANTOR FINANCIAL INFORMATION (Tables)

6 Months Ended

Jun. 30, 2018

Condensed Financial Information Disclosure [Abstract]

Condensed Consolidating Statement of Earnings (Loss) and Comprehensive Income (Loss)

CONDENSED CONSOLIDATING STATEMENT OF EARNINGS (LOSS) AND COMPREHENSIVE INCOME (LOSS)
FOR THE THREE MONTHS ENDED JUNE 30, 2018 (UNAUDITED)
(in millions)	Parent Company Guarantor			Subsidiary Issuer		Subsidiary Guarantor			Non- Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Revenues
Sales of goods and services	$	7,947		$	—	$	—		$	41,000		$	(20,854	)	$	28,093
GE Capital revenues from services	—			233		326			2,593			(1,141		)	2,011
Total revenues	7,947			233		326			43,593			(21,995		)	30,104
Costs and expenses
Interest and other financial charges	1,868			230		617			1,381			(2,801		)	1,295
Other costs and expenses	11,692			—		—			38,372			(21,722		)	28,341
Total costs and expenses	13,560			230		617			39,753			(24,523		)	29,636
Other income (loss)	1,621			—		—			2,970			(3,727		)	864
Equity in earnings (loss) of affiliates	4,442			—		(127		)	12,249			(16,563		)	—
Earnings (loss) from continuing operations before income taxes	450			3		(418		)	19,059			(17,763		)	1,331
Benefit (provision) for income taxes	471			—		—			(1,162		)	150			(542		)
Earnings (loss) from continuing operations	921			3		(418		)	17,897			(17,613		)	789
Earnings (loss) from discontinued operations, net of taxes	(121		)	—		(63		)	—			63			(121		)
Net earnings (loss)	800			3		(482		)	17,897			(17,550		)	669
Less net earnings (loss) attributable to noncontrolling interests	—			—		—			(116		)	(16		)	(132		)
Net earnings (loss) attributable to the Company	800			3		(482		)	18,013			(17,534		)	800
Other comprehensive income (loss)	(571		)	—		(94		)	(2,509		)	2,603			(571		)
Comprehensive income (loss) attributable to the Company	$	229		$	3	$	(575	)	$	15,503		$	(14,931	)	$	229

CONDENSED CONSOLIDATING STATEMENT OF EARNINGS (LOSS) AND COMPREHENSIVE INCOME (LOSS)
FOR THE THREE MONTHS ENDED JUNE 30, 2017 (UNAUDITED)
(in millions)	Parent Company Guarantor			Subsidiary Issuer			Subsidiary Guarantor			Non- Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Revenues
Sales of goods and services	$	8,080		$	—		$	—		$	37,615		$	(18,621	)	$	27,075
GE Capital revenues from services	—			173			188			2,589			(928		)	2,022
Total revenues	8,080			173			188			40,204			(19,549		)	29,097
Costs and expenses
Interest and other financial charges	767			159			489			1,221			(1,463		)	1,174
Other costs and expenses	8,571			—			9			37,570			(19,023		)	27,126
Total costs and expenses	9,338			159			497			38,791			(20,486		)	28,300
Other income (loss)	57			—			—			28,005			(27,732		)	330
Equity in earnings (loss) of affiliates	2,028			—			450			13,982			(16,460		)	—
Earnings (loss) from continuing operations before income taxes	828			14			141			43,400			(43,255		)	1,127
Benefit (provision) for income taxes	375			(2		)	—			(230		)	(105		)	38
Earnings (loss) from continuing operations	1,203			12			141			43,170			(43,361		)	1,164
Earnings (loss) from discontinued operations, net of taxes	(146		)	—			(5		)	3			2			(146		)
Net earnings (loss)	1,057			12			136			43,172			(43,359		)	1,019
Less net earnings (loss) attributable to noncontrolling interests	—			—			—			16			(54		)	(38		)
Net earnings (loss) attributable to the Company	1,057			12			136			43,156			(43,304		)	1,057
Other comprehensive income (loss)	1,309			—			32			(25,537		)	25,505			1,309
Comprehensive income (loss) attributable to the Company	$	2,366		$	12		$	168		$	17,619		$	(17,799	)	$	2,366

CONDENSED CONSOLIDATING STATEMENT OF EARNINGS (LOSS) AND COMPREHENSIVE INCOME (LOSS)
FOR THE SIX MONTHS ENDED JUNE 30, 2018 (UNAUDITED)
(in millions)	Parent Company Guarantor			Subsidiary Issuer			Subsidiary Guarantor			Non- Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Revenues
Sales of goods and services	$	15,651		$	—		$	—		$	78,980		$	(39,664	)	$	54,967
GE Capital revenues from services	—			441			551			4,151			(1,346		)	3,797
Total revenues and other income (loss)	15,651			441			551			83,131			(41,010		)	58,764
Costs and expenses
Interest and other financial charges	3,248			436			1,164			2,645			(4,912		)	2,580
Other costs and expenses	19,829			—			—			76,515			(40,835		)	55,509
Total costs and expenses	23,077			436			1,163			79,160			(45,746		)	58,089
Other income (loss)	1,896			—			—			1,097			(1,924		)	1,069
Equity in earnings (loss) of affiliates	7,034			—			493			12,090			(19,617		)	—
Earnings (loss) from continuing operations before income taxes	1,503			5			(119		)	17,159			(16,804		)	1,744
Benefit (provision) for income taxes	(177		)	(1		)	—			(562		)	225			(515		)
Earnings (loss) from continuing operations	1,326			4			(119		)	16,596			(16,579		)	1,229
Earnings (loss) from discontinued operations, net of taxes	(1,673		)	—			(81		)	1			79			(1,673		)
Net earnings (loss)	(347		)	4			(200		)	16,597			(16,500		)	(444		)
Less net earnings (loss) attributable to noncontrolling interests	—			—			—			(121		)	24			(98		)
Net earnings (loss) attributable to the Company	(347		)	4			(200		)	16,719			(16,523		)	(347		)
Other comprehensive income (loss)	971			—			(55		)	(1,631		)	1,686			971
Comprehensive income (loss) attributable to the Company	$	625		$	4		$	(254	)	$	15,087		$	(14,837	)	$	625

CONDENSED CONSOLIDATING STATEMENT OF EARNINGS (LOSS) AND COMPREHENSIVE INCOME (LOSS)
FOR THE SIX MONTHS ENDED JUNE 30, 2017 (UNAUDITED)
(in millions)	Parent Company Guarantor			Subsidiary Issuer			Subsidiary Guarantor		Non- Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Revenues
Sales of goods and services	$	16,872		$	—		$	—	$	73,705		$	(38,886	)	$	51,691
GE Capital revenues from services	—			329			374		4,859			(1,275		)	4,286
Total revenues and other income (loss)	16,872			329			374		78,564			(40,161		)	55,978
Costs and expenses
Interest and other financial charges	1,677			309			943		2,303			(2,920		)	2,313
Other costs and expenses	18,200			—			22		73,510			(38,615		)	53,118
Total costs and expenses	19,877			309			965		75,813			(41,534		)	55,431
Other income (loss)	111			—			—		32,625			(32,209		)	527
Equity in earnings (loss) of affiliates	3,736			—			692		50,664			(55,093		)	—
Earnings (loss) from continuing operations before income taxes	843			20			101		86,040			(85,929		)	1,074
Benefit (provision) for income taxes	519			(2		)	115		(699		)	210			142
Earnings (loss) from continuing operations	1,362			17			215		85,341			(85,719		)	1,217
Earnings (loss) from discontinued operations, net of taxes	(388		)	—			278		3			(278		)	(385		)
Net earnings (loss)	974			17			493		85,344			(85,997		)	832
Less net earnings (loss) attributable to noncontrolling interests	—			—			—		(32		)	(110		)	(142		)
Net earnings (loss) attributable to the Company	974			17			493		85,377			(85,887		)	974
Other comprehensive income (loss)	3,131			—			649		(26,994		)	26,345			3,131
Comprehensive income (loss) attributable to the Company	$	4,105		$	17		$	1,142	$	58,383		$	(59,542	)	$	4,105

Condensed Consolidating Statement of Financial Position

CONDENSED CONSOLIDATING STATEMENT OF FINANCIAL POSITION
JUNE 30, 2018 (UNAUDITED)
(In millions)	Parent Company Guarantor		Subsidiary Issuer		Subsidiary Guarantor		Non- Guarantor Subsidiaries		Consolidating Adjustments			Consolidated
Assets
Cash, cash equivalents and restricted cash	$	1,852	$	—	$	3	$	26,452	$	(634	)	$	27,674
Investment securities	—		—		—		37,429		(818		)	36,611
Receivables - net	38,831		17,348		32,799		78,684		(131,976		)	35,686
Inventories	4,790		—		—		21,093		(5,411		)	20,473
Property, plant and equipment - net	5,816		—		—		46,488		(1,438		)	50,866
Investment in subsidiaries(a)	281,298		—		78,171		724,902		(1,084,371		)	—
Goodwill and intangible assets	8,374		—		—		88,376		5,443			102,193
All other assets	9,503		16		19		225,997		(171,321		)	64,214
Assets of discontinued operations	—		—		—		—		5,053			5,053
Total assets	$	350,465	$	17,364	$	110,991	$	1,249,421	$	(1,385,473	)	$	342,769
Liabilities and equity
Short-term borrowings	$	167,290	$	—	$	47,189	$	12,832	$	(212,892	)	$	14,419
Accounts payable	12,833		—		—		49,954		(47,762		)	15,026
Other current liabilities	11,270		9		3		32,525		(6,885		)	36,922
Long-term and non-recourse borrowings	62,642		15,912		35,007		49,529		(61,936		)	101,154
All other liabilities	41,361		422		154		66,957		(10,724		)	98,169
Liabilities of discontinued operations	—		—		—		—		1,949			1,949
Total Liabilities	295,396		16,343		82,352		211,797		(338,249		)	267,639
Redeemable noncontrolling interests	—		—		—		2,513		862			3,376
GE shareowners' equity	55,069		1,021		28,639		1,033,711		(1,063,371		)	55,069
Noncontrolling interests	—		—		—		1,400		15,285			16,685
Total equity	55,069		1,021		28,639		1,035,111		(1,048,086		)	71,754
Total liabilities, redeemable noncontrolling interests and equity	$	350,465	$	17,364	$	110,991	$	1,249,421	$	(1,385,473	)	$	342,769

(a) Included within the subsidiaries of the Subsidiary Guarantor are cash and cash equivalent balances of $8,819 million and net assets of discontinued operations of $3,329 million.

CONDENSED CONSOLIDATING STATEMENT OF FINANCIAL POSITION
DECEMBER 31, 2017
(In millions)	Parent Company Guarantor		Subsidiary Issuer		Subsidiary Guarantor		Non- Guarantor Subsidiaries		Consolidating Adjustments			Consolidated
Assets
Cash, cash equivalents and restricted cash	$	3,472	$	—	$	3	$	41,236	$	(743	)	$	43,967
Investment securities	1		—		—		39,809		(1,113		)	38,696
Receivables - net	50,923		17,316		32,381		87,776		(147,551		)	40,846
Inventories	4,587		—		—		22,215		(7,383		)	19,419
Property, plant and equipment - net	5,808		—		—		48,516		(450		)	53,874
Investment in subsidiaries(a)	277,929		—		77,488		715,936		(1,071,353		)	—
Goodwill and intangible assets	8,014		—		—		90,226		6,002			104,242
All other assets	30,737		16		32		236,771		(205,269		)	62,288
Assets of discontinued operations	—		—		—		—		5,912			5,912
Total assets	$	381,472	$	17,332	$	109,904	$	1,282,485	$	(1,421,948	)	$	369,245
Liabilities and equity
Short-term borrowings	$	191,807	$	—	$	46,033	$	22,603	$	(236,407	)	$	24,036
Accounts payable	8,126		—		—		77,509		(70,462		)	15,172
Other current liabilities	11,892		8		3		28,218		(34		)	40,088
Long-term and non-recourse borrowings	71,023		16,632		34,730		55,367		(67,197		)	110,556
All other liabilities	42,594		475		128		66,293		(7,694		)	101,797
Liabilities of discontinued operations	—		—		—		—		706			706
Total Liabilities	325,442		17,116		80,894		249,991		(381,088		)	292,355
Redeemable noncontrolling interests	—		—		—		2,627		764			3,391
GE shareowners' equity	56,030		216		29,010		1,028,311		(1,057,537		)	56,030
Noncontrolling interests	—		—		—		1,556		15,912			17,468
Total equity	56,030		216		29,010		1,029,867		(1,041,625		)	73,498
Total liabilities, redeemable noncontrolling interests and equity	$	381,472	$	17,332	$	109,904	$	1,282,485	$	(1,421,948	)	$	369,245

(a) Included within the subsidiaries of the Subsidiary Guarantor are cash and cash equivalent balances of $15,225 million and net assets of discontinued operations of $4,318 million.

Condensed Consolidating Statement of Cash Flows

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
SIX MONTHS ENDED JUNE 30, 2018 (UNAUDITED)
(In millions)	Parent Company Guarantor			Subsidiary Issuer			Subsidiary Guarantor			Non- Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Cash flows – operating activities
Cash from (used for) operating activities - continuing operations	$	12,625		$	(268	)	$	(117	)	$	8,330		$	(18,330	)	$	2,240
Cash from (used for) operating activities - discontinued operations	(1,673		)	—			—			1,381			(1		)	(293		)
Cash from (used for) operating activities	10,952			(268		)	(117		)	9,711			(18,331		)	1,947
Cash flows – investing activities
Cash from (used for) investing activities – continuing operations	12,523			268			(882		)	(22,097		)	12,852			2,665
Cash from (used for) investing activities – discontinued operations	—			—			—			151			—			151
Cash from (used for) investing activities	12,523			268			(882		)	(21,946		)	12,852			2,816
Cash flows – financing activities
Cash from (used for) financing activities – continuing operations	(25,094		)	—			999			(2,406		)	5,588			(20,913		)
Cash from (used for) financing activities – discontinued operations	—			—			—			—			—			—
Cash from (used for) financing activities	(25,094		)	—			999			(2,406		)	5,588			(20,913		)
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash	—			—			—			(285		)	—			(285		)
Increase (decrease) in cash, cash equivalents and restricted cash	(1,620		)	—			—			(14,926		)	110			(16,436		)
Cash, cash equivalents and restricted cash at beginning of year	3,472			—			3			41,993			(743		)	44,724
Cash, cash equivalents and restricted cash at June 30	1,852			—			3			27,067			(634		)	28,288
Less cash, cash equivalents and restricted cash of discontinued operations at June 30	—			—			—			(615		)	—			(615		)
Cash, cash equivalents and restricted cash of continuing operations at June 30	$	1,852		$	—		$	3		$	26,452		$	(634	)	$	27,674

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
SIX MONTHS ENDED JUNE 30, 2017 (UNAUDITED)
(In millions)	Parent Company Guarantor			Subsidiary Issuer			Subsidiary Guarantor			Non- Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Cash flows – operating activities
Cash from (used for) operating activities - continuing operations	$	10,330		$	25		$	225		$	105,269		$	(112,919	)	$	2,930
Cash from (used for) operating activities - discontinued operations	(388		)	—			—			(507		)	—			(895		)
Cash from (used for) operating activities	9,942			25			225			104,761			(112,919		)	2,035
Cash flows – investing activities
Cash from (used for) investing activities – continuing operations	(24,692		)	(25		)	608			(52,457		)	80,963			4,397
Cash from (used for) investing activities – discontinued operations	—			—			—			(2,089		)	—			(2,089		)
Cash from (used for) investing activities	(24,692		)	(25		)	608			(54,545		)	80,963			2,309
Cash flows – financing activities
Cash from (used for) financing activities – continuing operations	16,447			—			(833		)	(60,697		)	32,994			(12,089		)
Cash from (used for) financing activities – discontinued operations	—			—			—			1,909			—			1,909
Cash from (used for) financing activities	16,447			—			(833		)	(58,789		)	32,994			(10,181		)
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash	—			—			—			538			—			538
Increase (decrease) in cash, cash equivalents and restricted cash	1,697			—			1			(8,035		)	1,037			(5,299		)
Cash, cash equivalents and restricted cash at beginning of year	2,729			—			41			49,204			(1,590		)	50,384
Cash, cash equivalents and restricted cash at June 30	4,426			—			42			41,169			(552		)	45,085
Less cash, cash equivalents and restricted cash of discontinued operations at June 30	—			—			—			526			—			526
Cash, cash equivalents and restricted cash of continuing operations at June 30	$	4,426		$	—		$	42		$	40,643		$	(552	)	$	44,559