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GUARANTOR FINANCIAL INFORMATION (Tables)
9 Months Ended
Sep. 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 SEPTEMBER 30, 2018 (UNAUDITED)
 
(in millions)
Parent
Company
Guarantor

Subsidiary
Issuer

Subsidiary
Guarantor

Non-
Guarantor
Subsidiaries

Consolidating
Adjustments

Consolidated

 
 
 
 
 
 
 
Revenues
 
 
 
 
 
 
Sales of goods and services
$
8,382

$

$

$
39,401

$
(20,319
)
$
27,465

GE Capital revenues from services

237

300

2,804

(1,233
)
2,109

Total revenues
8,382

237

300

42,205

(21,552
)
29,573

 
 
 
 
 
 
 
Costs and expenses
 
 
 
 
 
 
Interest and other financial charges
1,796

236

725

1,168

(2,697
)
1,227

Other costs and expenses
9,655



40,331

1,302

51,288

Total costs and expenses
11,451

236

725

41,498

(1,395
)
52,515

Other income (loss)
1,705



7,503

(9,002
)
205

Equity in earnings (loss) of affiliates
(21,669
)

705

16,288

4,675


Earnings (loss) from continuing operations before income taxes
(23,032
)
2

281

24,499

(24,485
)
(22,736
)
Benefit (provision) for income taxes
224



(536
)
149

(162
)
Earnings (loss) from continuing operations
(22,808
)
1

281

23,963

(24,335
)
(22,899
)
Earnings (loss) from discontinued operations, net of taxes
39


18


(17
)
39

Net earnings (loss)
(22,769
)
1

298

23,963

(24,353
)
(22,859
)
Less net earnings (loss) attributable to noncontrolling interests



(81
)
(9
)
(90
)
Net earnings (loss) attributable to the Company
(22,769
)
1

298

24,044

(24,343
)
(22,769
)
Other comprehensive income (loss)
203


12

(751
)
739

203

Comprehensive income (loss) attributable to the Company
$
(22,566
)
$
1

$
310

$
23,293

$
(23,604
)
$
(22,566
)
CONDENSED CONSOLIDATING STATEMENT OF EARNINGS (LOSS) AND COMPREHENSIVE INCOME (LOSS)
FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2017 (UNAUDITED)
 
(in millions)
Parent
Company
Guarantor

Subsidiary
Issuer

Subsidiary
Guarantor

Non-
Guarantor
Subsidiaries

Consolidating
Adjustments

Consolidated

 
 
 
 
 
 
 
Revenues
 
 
 
 
 
 
Sales of goods and services
$
8,025

$

$

$
40,741

$
(20,001
)
$
28,764

GE Capital revenues from services

176

209

2,785

(1,272
)
1,898

Total revenues
8,025

176

209

43,526

(21,274
)
30,662

 
 
 
 
 
 
 
Costs and expenses
 
 
 
 
 
 
Interest and other financial charges
1,671

168

542

1,279

(2,428
)
1,232

Other costs and expenses
9,418



40,253

(18,822
)
30,850

Total costs and expenses
11,089

168

542

41,533

(21,250
)
32,082

Other income (loss)
(1,152
)


25,159

(21,842
)
2,165

Equity in earnings (loss) of affiliates
5,219


1,019

21,123

(27,361
)

Earnings (loss) from continuing operations before income taxes
1,003

7

686

48,275

(49,226
)
746

Benefit (provision) for income taxes
470

(1
)

(59
)
141

551

Earnings (loss) from continuing operations
1,473

6

686

48,216

(49,085
)
1,297

Earnings (loss) from discontinued operations, net of taxes
(113
)

(562
)
4

565

(106
)
Net earnings (loss)
1,360

6

125

48,220

(48,521
)
1,191

Less net earnings (loss) attributable to noncontrolling interests



(21
)
(148
)
(169
)
Net earnings (loss) attributable to the Company
1,360

6

125

48,241

(48,372
)
1,360

Other comprehensive income (loss)
922


(187
)
19,935

(19,749
)
922

Comprehensive income (loss) attributable to the Company
$
2,282

$
6

$
(62
)
$
68,176

$
(68,121
)
$
2,282

 
 
 
 
 
 
 
CONDENSED CONSOLIDATING STATEMENT OF EARNINGS (LOSS) AND COMPREHENSIVE INCOME (LOSS)
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2018 (UNAUDITED)
 
(in millions)
Parent
Company
Guarantor

Subsidiary
Issuer

Subsidiary
Guarantor

Non-
Guarantor
Subsidiaries

Consolidating
Adjustments

Consolidated

 
 
 
 
 
 
 
Revenues
 
 
 
 
 
 
Sales of goods and services
$
24,033

$

$

$
118,381

$
(59,983
)
$
82,432

GE Capital revenues from services

678

852

6,955

(2,579
)
5,905

Total revenues and other income (loss)
24,033

678

852

125,336

(62,562
)
88,337

 
 
 
 
 
 
 
Costs and expenses
 
 
 
 
 
 
Interest and other financial charges
5,043

671

1,889

3,812

(7,609
)
3,807

Other costs and expenses
29,484



116,846

(39,533
)
106,797

Total costs and expenses
34,528

672

1,889

120,658

(47,142
)
110,604

Other income (loss)
3,600



8,600

(10,926
)
1,275

Equity in earnings (loss) of affiliates
(14,635
)

1,199

28,378

(14,942
)

Earnings (loss) from continuing operations before income taxes
(21,529
)
7

161

41,657

(41,289
)
(20,992
)
Benefit (provision) for income taxes
47

(1
)

(1,098
)
374

(677
)
Earnings (loss) from continuing operations
(21,482
)
6

161

40,559

(40,914
)
(21,670
)
Earnings (loss) from discontinued operations, net of taxes
(1,634
)

(63
)
1

62

(1,634
)
Net earnings (loss)
(23,116
)
6

98

40,560

(40,852
)
(23,304
)
Less net earnings (loss) attributable to noncontrolling interests



(202
)
14

(188
)
Net earnings (loss) attributable to the Company
(23,116
)
6

98

40,762

(40,866
)
(23,116
)
Other comprehensive income (loss)
1,174


(42
)
(2,382
)
2,425

1,174

Comprehensive income (loss) attributable to the Company
$
(21,941
)
$
6

$
56

$
38,380

$
(38,442
)
$
(21,941
)

 
 
 
 
 
 
 
CONDENSED CONSOLIDATING STATEMENT OF EARNINGS (LOSS) AND COMPREHENSIVE INCOME (LOSS)
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2017 (UNAUDITED)
 
(in millions)
Parent
Company
Guarantor

Subsidiary
Issuer

Subsidiary
Guarantor

Non-
Guarantor
Subsidiaries

Consolidating
Adjustments

Consolidated

 
 
 
 
 
 
 
Revenues
 
 
 
 
 
 
Sales of goods and services
$
24,897

$

$

$
114,446

$
(58,887
)
$
80,456

GE Capital revenues from services

505

583

7,644

(2,548
)
6,184

Total revenues and other income (loss)
24,897

505

583

122,090

(61,435
)
86,640

 
 
 
 
 
 
 
Costs and expenses
 
 
 
 
 
 
Interest and other financial charges
3,348

477

1,485

3,582

(5,348
)
3,545

Other costs and expenses
27,618


22

113,764

(57,436
)
83,968

Total costs and expenses
30,966

478

1,507

117,346

(62,784
)
87,512

Other income (loss)
(1,041
)


57,784

(54,051
)
2,692

Equity in earnings (loss) of affiliates
8,956


1,711

71,787

(82,454
)

Earnings (loss) from continuing operations before income taxes
1,846

27

787

134,315

(135,155
)
1,820

Benefit (provision) for income taxes
989

(3
)
115

(758
)
351

693

Earnings (loss) from continuing operations
2,835

24

902

133,557

(134,804
)
2,513

Earnings (loss) from discontinued operations, net of taxes
(501
)

(284
)
7

287

(490
)
Net earnings (loss)
2,334

24

618

133,564

(134,517
)
2,023

Less net earnings (loss) attributable to noncontrolling interests



(53
)
(258
)
(312
)
Net earnings (loss) attributable to the Company
2,334

24

618

133,618

(134,259
)
2,334

Other comprehensive income (loss)
4,053


463

(7,059
)
6,596

4,053

Comprehensive income (loss) attributable to the Company
$
6,387

$
24

$
1,081

$
126,559

$
(127,663
)
$
6,387

Condensed Consolidating Statement of Financial Position
CONDENSED CONSOLIDATING STATEMENT OF FINANCIAL POSITION
SEPTEMBER 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
$
2,289

$

$
15

$
25,048

$
(420
)
$
26,932

Investment securities



35,388

(627
)
34,761

Receivables - net
32,989

17,585

33,060

75,611

(124,797
)
34,448

Inventories
4,938



21,020

(5,316
)
20,642

Property, plant and equipment - net
5,724



46,676

(1,763
)
50,638

Investment in subsidiaries(a)
265,584


78,891

726,516

(1,070,991
)

Goodwill and intangible assets
8,700



85,898

(15,383
)
79,216

All other assets
8,955

16


227,348

(175,980
)
60,339

Assets of discontinued operations




4,716

4,716

Total assets
$
329,180

$
17,601

$
111,965

$
1,243,505

$
(1,390,561
)
$
311,691

 
 
 
 
 
 
 
Liabilities and equity
 
 
 
 
 
 
Short-term borrowings
$
177,698

$

$
47,649

$
12,830

$
(222,971
)
$
15,206

Accounts payable
7,760



54,412

(46,424
)
15,748

Other current liabilities
14,858

9

3

31,540

(6,847
)
39,562

Long-term and non-recourse borrowings
61,253

15,894

35,223

42,668

(55,279
)
99,760

All other liabilities
36,157

675

153

60,444

(6,239
)
91,190

Liabilities of discontinued operations




2,002

2,002

Total Liabilities
297,726

16,579

83,027

201,893

(335,757
)
263,468

 
 
 
 
 
 
 
Redeemable noncontrolling interests



288

98

386

 
 
 
 
 
 
 
GE shareowners' equity
31,454

1,022

28,938

1,040,130

(1,070,090
)
31,454

Noncontrolling interests



1,195

15,188

16,383

Total equity
31,454

1,022

28,938

1,041,324

(1,054,902
)
47,837

Total liabilities, redeemable noncontrolling interests and equity
$
329,180

$
17,601

$
111,965

$
1,243,505

$
(1,390,561
)
$
311,691

(a)
Included within the subsidiaries of the Subsidiary Guarantor are cash and cash equivalent balances of $7,462 million and net assets of discontinued operations of $3,229 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
NINE MONTHS ENDED SEPTEMBER 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
$
12,877

$
(118
)
$
(381
)
$
43,530

$
(56,241
)
$
(333
)
Cash from (used for) operating activities - discontinued operations
(1,634
)


1,533

(1
)
(102
)
Cash from (used for) operating activities
11,243

(118
)
(381
)
45,063

(56,242
)
(435
)
 
 
 
 
 
 
 
Cash flows – investing activities
 
 
 
 
 
 
Cash from (used for) investing activities – continuing operations
(415
)
189

(1,052
)
(33,458
)
42,800

8,064

Cash from (used for) investing activities – discontinued operations



(224
)

(224
)
Cash from (used for) investing activities
(415
)
189

(1,052
)
(33,681
)
42,800

7,840

 
 
 
 
 
 
 
Cash flows – financing activities
 
 
 
 
 
 
Cash from (used for) financing activities – continuing operations
(12,011
)
(70
)
1,445

(27,456
)
13,765

(24,326
)
Cash from (used for) financing activities – discontinued operations






Cash from (used for) financing activities
(12,011
)
(70
)
1,445

(27,456
)
13,765

(24,326
)
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash



(440
)

(440
)
Increase (decrease) in cash, cash equivalents and restricted cash
(1,183
)

12

(16,513
)
324

(17,361
)
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 September 30
2,289


15

25,479

(420
)
27,364

Less cash, cash equivalents and restricted cash of discontinued operations at September 30



432


432

Cash, cash equivalents and restricted cash of continuing operations at September 30
$
2,289

$

$
15

$
25,048

$
(420
)
$
26,932

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
NINE MONTHS ENDED SEPTEMBER 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
$
(26,107
)
$
39

$
(81
)
$
184,255

$
(154,725
)
$
3,381

Cash from (used for) operating activities - discontinued operations
(501
)


8

3

(490
)
Cash from (used for) operating activities
(26,608
)
39

(81
)
184,264

(154,722
)
2,892

 
 
 
 
 
 
 
Cash flows – investing activities
 
 
 
 
 
 
Cash from (used for) investing activities – continuing operations
(1,723
)
(39
)
348

(297,453
)
304,126

5,259

Cash from (used for) investing activities – discontinued operations



(2,515
)

(2,515
)
Cash from (used for) investing activities
(1,723
)
(39
)
348

(299,968
)
304,126

2,744

 
 
 
 
 
 
 
Cash flows – financing activities
 
 
 
 
 
 
Cash from (used for) financing activities – continuing operations
26,340


(265
)
104,015

(148,319
)
(18,228
)
Cash from (used for) financing activities – discontinued operations



1,905


1,905

Cash from (used for) financing activities
26,340


(265
)
105,920

(148,319
)
(16,323
)
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash



1,253


1,253

Increase (decrease) in cash, cash equivalents and restricted cash
(1,991
)

4

(8,531
)
1,084

(9,434
)
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 September 30
738


45

40,673

(506
)
40,950

Less cash, cash equivalents and restricted cash of discontinued operations at September 30



501


501

Cash, cash equivalents and restricted cash of continuing operations at September 30
$
738

$

$
45

$
40,172

$
(506
)
$
40,449