XML 18 R2.htm IDEA: XBRL DOCUMENT v3.23.1
STATEMENT OF EARNINGS (LOSS) (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues    
Insurance revenues (Note 13) $ 791 $ 764
Total revenues 14,486 12,675
Costs and expenses    
Selling, general and administrative expenses 2,142 2,725
Separation costs (Note 20) 205 99
Research and development 431 403
Interest and other financial charges 269 387
Insurance losses, annuity benefits and other costs (Note 13) 684 620
Non-operating benefit cost (income) (385) (105)
Total costs and expenses 14,075 13,904
Other income (loss) (Note 19) 6,081 49
Earnings (loss) from continuing operations before income taxes 6,492 (1,180)
Provision (benefit) for income taxes (271) (29)
Earnings (loss) from continuing operations 6,221 (1,209)
Earnings (loss) from discontinued operations, net of taxes (Note 2) 1,257 101
Net earnings (loss) 7,478 (1,108)
Less net earnings (loss) attributable to noncontrolling interests (27) 28
Net earnings (loss) attributable to the Company 7,506 (1,136)
Preferred stock dividends and other (145) (52)
Net earnings (loss) attributable to GE common shareholders 7,360 (1,188)
Amounts attributable to GE common shareholders    
Earnings (loss) from continuing operations 6,221 (1,209)
Less net earnings (loss) attributable to noncontrolling interests, continuing operations (27) 14
Earnings (loss) from continuing operations attributable to the Company 6,248 (1,224)
Preferred stock dividends and other (145) (52)
Earnings (loss) from continuing operations attributable to GE common shareholders 6,103 (1,276)
Earnings (loss) from discontinued operations attributable to GE common shareholders 1,257 88
Net earnings (loss) attributable to GE common shareholders $ 7,360 $ (1,188)
Earnings (loss) per share from continuing operations (Note 18)    
Diluted earnings (loss) per share (in dollars per share) $ 5.56 $ (1.16)
Basic earnings (loss) per share (in dollars per share) 5.60 (1.16)
Net earnings (loss) per share (Note 18)    
Diluted earnings (loss) per share (in dollars per share) 6.71 (1.08)
Basic earnings (loss) per share (in dollars per share) $ 6.76 $ (1.08)
Equipment    
Revenues    
Sales $ 5,287 $ 4,608
Costs and expenses    
Cost of sales 5,605 5,148
Services    
Revenues    
Sales 8,407 7,302
Costs and expenses    
Cost of sales $ 5,124 $ 4,626