Summary of Operating Segments | SUMMARY OF OPERATING SEGMENTS General Electric Company and consolidated affiliates (In millions) 2015 2014 2013 2012 2011 Revenues Power $ 21,490 $ 20,580 $ 19,315 $ 20,364 $ 20,335 Renewable Energy 6,273 6,399 4,824 7,373 4,924 Oil & Gas 16,450 19,085 17,341 15,539 13,874 Energy Management 7,600 7,319 7,569 7,412 6,422 Aviation 24,660 23,990 21,911 19,994 18,859 Healthcare 17,639 18,299 18,200 18,290 18,083 Transportation 5,933 5,650 5,885 5,608 4,885 Appliances & Lighting 8,751 8,404 8,338 7,967 7,692 Total industrial segment revenues 108,796 109,727 103,383 102,548 95,074 Capital 10,801 11,320 11,267 11,268 11,843 Total segment revenues 119,597 121,047 114,650 113,816 106,918 Corporate items and eliminations (2,211) (3,863) (1,405) (1,228) 3,145 Consolidated revenues $ 117,386 $ 117,184 $ 113,245 $ 112,588 $ 110,062 Segment profit Power $ 4,502 $ 4,486 $ 4,328 $ 4,368 $ 4,213 Renewable Energy 431 694 485 914 714 Oil & Gas 2,427 2,758 2,357 2,064 1,754 Energy Management 270 246 110 131 78 Aviation 5,507 4,973 4,345 3,747 3,512 Healthcare 2,882 3,047 3,048 2,920 2,803 Transportation 1,273 1,130 1,166 1,031 757 Appliances & Lighting 674 431 381 311 237 Total industrial segment profit 17,966 17,764 16,220 15,487 14,067 Capital (7,983) 1,209 401 1,245 1,469 Total segment profit 9,983 18,973 16,621 16,731 15,536 Corporate items and eliminations (5,108) (6,225) (6,002) (4,719) (1,317) GE interest and other financial charges (1,706) (1,579) (1,333) (1,353) (1,299) GE provision for income taxes (1,506) (1,634) (1,667) (2,013) (4,839) Earnings from continuing operations attributable to GE common shareowners 1,663 9,535 7,618 8,646 8,081 Earnings (loss) from discontinued operations, net of taxes (7,495) 5,855 5,475 5,047 5,143 Less net earnings (loss) attributable to noncontrolling interests, discontinued operations 312 157 36 53 104 Earnings (loss) from discontinued operations, net of tax and noncontrolling interest (7,807) 5,698 5,439 4,995 5,039 Consolidated net earnings (loss) attributable to GE common shareowners $ (6,145) $ 15,233 $ 13,057 $ 13,641 $ 13,120 NOTE 24 . OPERATING SEGMENTS Basis for presentation Our operating businesses are organized based on the nature of markets and customers. Segment accounting polic ies are the same as described and referenced in Note 1. Segment results for our financial services businesses reflect the discrete tax effect of transactions. Results of our formerly consolidated subsidiary, NBCU, and our equity method investment in NBCU LLC, which we sold in the first quarter of 2013 are reported in the Corporate items and elimination s line on the Summary of Operating Segments. A description of our operating segments as of December 31, 2015 , can be found below, and details of segment profit by operating segment can be found in the Summary of Operating Se gments table in “Management’s Discus sion and Analysis of Financial Cond ition and Results of Operations ” Power Power plant products and services, including design, installation, operation and maintenance services are sold into global markets. Gas, steam and aeroderivative turbines, nuclear reactors, generators, combined cycle systems, controls and related services, including total asset optimization solutions, equipment upgrades and long-term maintenance service agreements are sold to power generation and other industrial customers. Water treatment services and equipment include specialty chemical treatment programs, water purification equipment, mobile treatment systems and desalination processes. renewable energy Renewable Energy makes power from renewable sources affordable, accessible, and reliable for the benefit of people everywhere. With one of the broadest technology portfolios in the industry, Renewable Energy creates value for customers by pr oviding technology and services i n the Onshore Wind Power industry , high-yield offshore wind turbine s as well as a full range of solutions, products and services to serve the hydropower industry , from initial design to final commissioning . Oil & Gas Oil & Gas supplies mission critical equipment for the global oil and gas industry, used in applications spanning the entire value chain from drilling and completion through production, liquefied natural gas (LNG) and pipeline compression, pipeline inspection, a nd including downstream processing in refineries and petrochemical plants. The business designs and manufactures surface and subsea drilling and production systems, equipment for floating production platforms, compressors, turbines, turboexpanders , high pr essure reactors, industrial power generation and a broad portfolio of auxiliary equipment. Energy Management Energy Management is GE’s electrification business. Global teams design leading technology solutions for the delivery, management, conversion and optimization of electrical power for customers across multiple energy-intensive industries. GE has invested in our Energy Management capabilities, with strategic acquisitions and joint ventures that enable GE to increase its offerings to the utility, industrial, renewable energy, oil and gas, marine, metals and mining industries. Plan t automation hardware, software and embedded computing systems including controllers, embedded systems, advanced software, motion control, operator interfaces and industrial computers are also provided by Energy Management. Aviation Aviation products and services include jet engines, aerospace systems and equipment, replacement parts and repair and maintenance services for all categories of commercial aircraft; for a wide varie ty of military aircraft, includ ing fighters, bombers, tankers an d helicopters; for marine appli cations; and for executive and regional aircraft. Products and services are sold worldwide to airframe manufacturers, airlines and government agencies. Healthcare Healthcare products include diagnostic imaging systems such as m agnetic resonance (MR), computed t omography (CT) and p ositron e mission t omography (PET) scanners, X-ray, surgical & interventional imaging, nuclea r imaging, digital mammography and molecular i maging technologies. Healthcare-manufactured technologies include patient and resident monitoring, diagnostic cardiology, ultrasound, bone densitometry, anesthesiology and oxygen therapy, and neonatal and critical care devices. Related services include equipment monitoring and repair, information technologies and customer productivity services. Products also include diagnostic imaging agents used in medical scanning procedures, drug discovery, biopharmaceutical manufacturing and purification, and tools for protein and cellular analysis for pharmaceutical and academic research, including a pipeline of precision molecular diagnostics in development for neurology, cardiology and oncology applications. Products and services are sold worldwide to hospitals, medical facilities, pharma ceutical and biotechnology companies, and to the life science research market. Transportation Transportation is a global technology leader and supplier to the railroad, mining, marine and drilling industries. GE provides freight and passenger locomotives, diesel engines for rail, marine and stationary power applications, railway signaling and communications systems, underground mining equipment, motorized drive systems for mining trucks, information technology solutions, high-quality replacement parts and value added services. Appliances & Lighting Products include major appliances and related services for products such as refrigerators, freezers, electric and gas ranges, cooktops, dishwashers, clothes washers and dryers, microwave ovens, room air conditioners, residential water systems for filtration, softening and heating, and hybrid water heaters. These products are distributed both to retail outlets and direct to consumers, mainly for the replacement market, and to building contractors and distributors for new installati ons. Lighting manufactures, sources and sells a variety of energy-efficient solutions for commercial, industrial, municipal and consumer applications, utilizing light-emitting diode (LED), fluorescent, halogen and high-intensity discharge (HID) technologies . Products and services are sold in North America and in global markets under various GE and private-label brands. Capital Capital’s continuing financial services businesses and products are geared to utilize GE’s industry-specific expertise in aviation, energy, infrastructure and healthcare to capitalize on market-specific opportunities. In addition, we continue to operate our run-off insurance activities as part of our continuing operations. Products and services are primarily offered in North America and in global markets through its Vertical financing businesses. REVENUES Total revenues(a) Intersegment revenues(b) External revenues (In millions) 2015 2014 2013 2015 2014 2013 2015 2014 2013 Power $ 21,490 $ 20,580 $ 19,315 $ 762 $ 778 $ 700 $ 20,728 $ 19,802 $ 18,615 Renewable Energy 6,273 6,399 4,824 12 14 17 6,261 6,386 4,807 Oil & Gas 16,450 19,085 17,341 387 402 371 16,063 18,683 16,970 Energy Management 7,600 7,319 7,569 1,000 890 848 6,600 6,429 6,720 Aviation 24,660 23,990 21,911 418 692 500 24,242 23,298 21,411 Healthcare 17,639 18,299 18,200 7 6 14 17,633 18,293 18,186 Transportation 5,933 5,650 5,885 1 (2) 12 5,932 5,652 5,874 Appliances & Lighting 8,751 8,404 8,338 22 22 25 8,729 8,383 8,313 Total industrial 108,796 109,727 103,383 2,608 2,801 2,486 106,188 106,926 100,896 Capital 10,801 11,320 11,267 1,151 1,037 841 9,650 10,283 10,427 Corporate items and eliminations(c) (2,211) (3,863) (1,405) (3,759) (3,838) (3,327) 1,548 (25) 1,922 Total $ 117,386 $ 117,184 $ 113,245 $ - $ - $ - $ 117,386 $ 117,184 $ 113,245 (a) Revenues of GE businesses include income from sales of goods and services to customers and other income. (b) Sales from one component to another generally are priced at equivalent commercial selling prices. (c) Includes the results of NBCU (our formerly consolidated subsidiary) and our former equity method investment in NBCUniversal LLC. Revenues from customers located in the United States were $ 53,238 million, $ 51,147 million and $ 49,356 million in 2015 , 2014 and 2013 , respectively. Revenues from customers located outside the United States were $ 64,148 million, $ 66,038 million and $ 63,888 million in 2015 , 2014 and 2013 , respectively. Property, plant and Assets(a)(b) equipment additions(c) Depreciation and amortization At December 31 For the years ended December 31 For the years ended December 31 (In millions) 2015 2014 2013 2015 2014 2013 2015 2014 2013 Power $ 51,674 $ 26,698 $ 26,168 $ 2,122 $ 578 $ 685 $ 712 $ 563 $ 593 Renewable Energy 8,726 3,572 3,269 999 41 23 116 113 73 Oil & Gas 26,126 27,329 26,250 422 656 1,191 596 585 481 Energy Management 16,808 10,976 10,305 1,073 176 137 322 313 323 Aviation 34,524 33,716 32,273 1,260 1,197 1,178 855 824 677 Healthcare 28,162 29,227 27,858 284 405 316 799 843 861 Transportation 4,368 4,449 4,418 202 128 282 179 169 166 Appliances & Lighting 4,702 4,560 4,306 275 359 405 103 235 300 Capital(d) 316,686 503,179 520,399 7,570 3,818 3,274 2,584 2,612 2,847 Corporate items and eliminations(e) 916 11,249 8,001 (297) (111) 194 231 164 258 Total $ 492,692 $ 654,954 $ 663,247 $ 13,911 $ 7,247 $ 7,685 $ 6,499 $ 6,421 $ 6,581 Assets of industrial discontinued operations, NBCU (our formerly consolidated subsidiary) and our former equity method investment in NBCUniversal LLC are included in Corporate items and eliminations for all periods presented. Total assets of Power, Renewable Energy, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation, Appliances & Lighting and Capital operating segments at December 31, 2015, include investment in and advances to associated companies of $469 milli on, $36 million, $143 million, $743 million, $1,400 million, $571 million, $6 million, $59 million and $7,546 million, respectively. Investments in and advances to associated companies contributed approximately $31 million, $(1) million, $7 million, $17 mi llion, $88 million, $(43) million, $60 million and $347 million to segment pre-tax income of Power, Renewable Energy, Oil & Gas, Energy Management, Aviation, Healthcare, Appliances & Lighting and Capital operating segments, respectively, and Transportation an insignificant amount, for the year ended December 31, 2015. Additions to property, plant and equipment include amounts relating to principal businesses purchased. Includes Capital discontinued operations Includes deferred income taxes that are presente d as assets for purposes of our consolidating balance sheet presentation. Interest and other financial charges Provision (benefit) for income taxes (In millions) 2015 2014 2013 2015 2014 2013 Capital $ 2,301 $ 1,638 $ 2,021 $ 4,979 $ (861) $ (448) Corporate items and eliminations(a) 1,162 1,085 849 1,506 1,634 1,667 Total $ 3,463 $ 2,723 $ 2,870 $ 6,485 $ 773 $ 1,219 (a) Included amounts for Power, Renewable Energy, Oil & Gas, Energy Management, Aviati on, Healthcare, Transportation and Appliances & Lighting, for which our measure of segment profit excludes interest and other financial charges and income taxes. Property, plant and equipment – net associated with operations based in the United States were $ 14,273 million, $ 9,868 million and $ 10,065 million at year-end 2015 , 2014 and 2013 , respectively. Property, pla nt and equipment – net associated with operations based outside the United States were $ 39,822 million, $ 38,202 million and $ 40,165 million at year-end 2015 , 2014 and 2013 , respectively. |