General Electric (GE) 10-Q 1 May 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information shares in Thousands	3 Months Ended
	Mar. 31, 2018shares
Document and Entity Information [Abstract]
Document Type	10-Q
Document Period End Date	Mar. 31, 2018
Amendment Flag	false
Entity Registrant Name	General Electric Company
Trading Symbol	GE
Entity Central Index Key	40,545
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding	8,685,338
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,018

STATEMENT OF EARNINGS (LOSS) (U

STATEMENT OF EARNINGS (LOSS) (UNAUDITED) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2018	Mar. 31, 2017
Revenues
Sales of goods		$ 17,282	$ 16,744
Sales of services		9,592	7,872
GE Capital revenues from services		1,786	2,264
Total revenues		28,660	26,881
Costs and expenses
Cost of goods sold		14,181	14,297
Cost of services sold		7,345	5,933
Selling, general and administrative expenses		4,204	4,287
Interest and other financial charges		1,285	1,139
Investment contracts, insurance losses and insurance annuity benefits		630	634
Non-operating benefit costs		688	651
Other costs and expenses		121	190
Total costs and expenses		28,453	27,131
Other income		205	197
GE Capital earnings (loss) from continuing operations		0	0
Earnings (loss) from continuing operations before income taxes		413	(53)
Benefit (provision) for income taxes		27	105
Earnings (loss) from continuing operations		440	52
Earnings (loss) from discontinued operations, net of taxes		(1,553)	(239)
Net earnings (loss)		(1,113)	(187)
Less net earnings (loss) attributable to noncontrolling interests		34	(104)
Net earnings (loss) attributable to the Company		(1,147)	(83)
Preferred stock dividends		(37)	(34)
Net earnings (loss) attributable to GE common shareowners		(1,184)	(117)
Amounts attributable to GE common shareowners
Earnings (loss) from continuing operations		440	52
Less net earnings (loss) attributable to noncontrolling interests, continuing operations		34	(104)
Earnings (loss) from continuing operations attributable to the Company		406	156
Preferred stock dividends		(37)	(34)
Earnings (loss) from continuing operations attributable to GE common shareowners		369	122
Earnings (loss) from discontinued operations, net of taxes		(1,553)	(239)
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations		0	0
Net earnings (loss) attributable to GE common shareowners		$ (1,184)	$ (117)
Earnings (loss) from continuing operations
Diluted earnings (loss) per share (in dollars per share)		$ 0.04	$ 0.01
Basic earnings (loss) per share (in dollars per share)		0.04	0.01
Net earnings (loss)
Diluted earnings (loss) per share (in dollars per share)		(0.14)	(0.01)
Basic earnings (loss) per share (in dollars per share)		(0.14)	(0.01)
Dividends declared per common share (in dollars per share)		$ 0.12	$ 0.24
GE
Revenues
Sales of goods	[1]	$ 17,273	$ 16,770
Sales of services	[1]	9,621	8,011
GE Capital revenues from services	[1]	0	0
Total revenues	[1]	26,894	24,780
Costs and expenses
Cost of goods sold	[1]	14,172	14,328
Cost of services sold	[1]	6,855	5,516
Selling, general and administrative expenses	[1]	3,999	3,803
Interest and other financial charges	[1]	642	564
Investment contracts, insurance losses and insurance annuity benefits	[1]	0	0
Non-operating benefit costs	[1]	684	649
Other costs and expenses	[1]	0	0
Total costs and expenses	[1]	26,352	24,860
Other income	[1]	193	166
GE Capital earnings (loss) from continuing operations	[1]	(215)	(47)
Earnings (loss) from continuing operations before income taxes	[1]	519	39
Benefit (provision) for income taxes	[1]	(112)	(23)
Earnings (loss) from continuing operations	[1]	407	16
Earnings (loss) from discontinued operations, net of taxes	[1],[2]	(1,553)	(239)
Net earnings (loss)	[1],[2]	(1,146)	(223)
Less net earnings (loss) attributable to noncontrolling interests	[1]	38	(106)
Net earnings (loss) attributable to the Company	[1]	(1,184)	(117)
Preferred stock dividends	[1]	0	0
Net earnings (loss) attributable to GE common shareowners	[1]	(1,184)	(117)
Amounts attributable to GE common shareowners
Earnings (loss) from continuing operations	[1]	407	16
Less net earnings (loss) attributable to noncontrolling interests, continuing operations	[1]	38	(106)
Earnings (loss) from continuing operations attributable to the Company	[1]	369	122
Preferred stock dividends	[1]	0	0
Earnings (loss) from continuing operations attributable to GE common shareowners	[1]	369	122
Earnings (loss) from discontinued operations, net of taxes	[1],[2]	(1,553)	(239)
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations	[1]	0	0
Net earnings (loss) attributable to GE common shareowners	[1]	(1,184)	(117)
Financial Services (GE Capital)
Revenues
Sales of goods		32	29
Sales of services		0	0
GE Capital revenues from services		2,141	2,652
Total revenues		2,173	2,681
Costs and expenses
Cost of goods sold		25	23
Cost of services sold		525	562
Selling, general and administrative expenses		343	572
Interest and other financial charges		819	812
Investment contracts, insurance losses and insurance annuity benefits		645	636
Non-operating benefit costs		4	2
Other costs and expenses		133	214
Total costs and expenses		2,495	2,820
Other income		0	0
GE Capital earnings (loss) from continuing operations		0	0
Earnings (loss) from continuing operations before income taxes		(321)	(139)
Benefit (provision) for income taxes		139	128
Earnings (loss) from continuing operations		(182)	(11)
Earnings (loss) from discontinued operations, net of taxes		(1,553)	(242)
Net earnings (loss)		(1,735)	(253)
Less net earnings (loss) attributable to noncontrolling interests		(4)	2
Net earnings (loss) attributable to the Company		(1,731)	(256)
Preferred stock dividends		(37)	(34)
Net earnings (loss) attributable to GE common shareowners		(1,768)	(290)
Amounts attributable to GE common shareowners
Earnings (loss) from continuing operations		(182)	(11)
Less net earnings (loss) attributable to noncontrolling interests, continuing operations		(4)	2
Earnings (loss) from continuing operations attributable to the Company		(179)	(13)
Preferred stock dividends		(37)	(34)
Earnings (loss) from continuing operations attributable to GE common shareowners		(215)	(47)
Earnings (loss) from discontinued operations, net of taxes		(1,553)	(242)
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations		0	0
Net earnings (loss) attributable to GE common shareowners		$ (1,768)	$ (290)
[1]	Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis. See Note 1.
[2]	Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis.

CONSOLIDATED STATEMENT OF COMPR

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Statement of Comprehensive Income [Abstract]
Net earnings (loss)	$ (1,113)	$ (187)
Less net earnings (loss) attributable to noncontrolling interests	34	(104)
Net earnings (loss) attributable to the Company	(1,147)	(83)
Other comprehensive income (loss)
Investment securities	99	(52)
Currency translation adjustments	830	811
Cash flow hedges	55	20
Benefit plans	717	1,049
Other comprehensive income (loss)	1,702	1,828
Less other comprehensive income (loss) attributable to noncontrolling interests	160	6
Other comprehensive income (loss) attributable to the Company	1,542	1,822
Comprehensive income (loss)	588	1,641
Less comprehensive income (loss) attributable to noncontrolling interests	194	(98)
Comprehensive income (loss) attributable to the Company	$ 395	$ 1,739

STATEMENT OF FINANCIAL POSITION

STATEMENT OF FINANCIAL POSITION - USD ($) $ in Millions		Mar. 31, 2018		Dec. 31, 2017
Assets
Cash, cash equivalents and restricted cash	[1]	$ 32,129		$ 43,967
Investment securities (Note 3)		37,156		38,696
Current receivables (Note 4)		22,560		24,209
Inventories (Note 5)		20,574		19,419
Financing receivables – net (Note 6)		10,134		10,336
Other GE Capital receivables		6,804		6,301
Property, plant and equipment – net (Note 7)		53,650		53,874
Receivable from GE Capital		0		0
Investment in GE Capital		0		0
Goodwill (Note 8)		85,468		83,968
Other intangible assets – net (Note 8)		20,661		20,273
Contract and other deferred assets (Note 10)		20,780		20,356
All other assets		26,735		28,949
Deferred income taxes (Note 14)		11,479		8,819
Assets of businesses held for sale (Note 2)		4,310		4,164
Assets of discontinued operations (Note 2)		5,670		5,912
Total assets	[2]	358,109		369,245
Liabilities and equity
Short-term borrowings (Note 11)		19,371		24,036
Accounts payable, principally trade accounts		15,060		15,172
Progress collections and deferred income		21,950		22,117
Dividends payable		1,060		1,052
Other GE current liabilities		16,092		16,919
Non-recourse borrowings of consolidated securitization entities (Note 11)		1,335		1,980
Long-term borrowings (Note 11)		105,134		108,575
Investment contracts, insurance liabilities and insurance annuity benefits (Note 12)		36,889		38,136
Non-current compensation and benefits		41,126		41,630
All other liabilities		20,224		20,784
Liabilities of businesses held for sale (Note 2)		1,024		1,248
Liabilities of discontinued operations (Note 2)		2,104		706
Total Liabilities	[2]	281,367		292,355
Redeemable noncontrolling interests (Note 15)		3,549		3,391
Preferred stock (5,939,874 shares outstanding at both March 31, 2018 and December 31, 2017)		6		6
Common stock (8,685,338,000 and 8,680,571,000 shares outstanding at March 31, 2018 and December 31, 2017, respectively)		702		702
Accumulated other comprehensive income (loss) - net attributable to GE
Investment securities	[3]	(4)		(102)
Currency translation adjustments	[3]	(3,988)		(4,661)
Cash flow hedges	[3]	114		62
Benefit plans	[3]	(8,984)		(9,702)
Other capital		37,339		37,384
Retained earnings		115,477		117,245
Less common stock held in treasury		(84,697)		(84,902)
Total GE shareowners’ equity		55,965		56,030
Noncontrolling interests (Note 15)	[4]	17,228		17,468
Total equity (Note 15)		73,193		73,498
Total liabilities, redeemable noncontrolling interests and equity		358,109		369,245
GE
Assets
Cash, cash equivalents and restricted cash	[5],[7]	13,118	[6]	18,822
Investment securities (Note 3)	[7]	544		569
Current receivables (Note 4)	[7]	14,672		14,638
Inventories (Note 5)	[7]	20,506		19,344
Financing receivables – net (Note 6)	[7]	0		0
Other GE Capital receivables	[7]	0		0
Property, plant and equipment – net (Note 7)	[7]	23,681		23,963
Receivable from GE Capital	[7],[8]	35,903		39,844
Investment in GE Capital	[7]	11,972		13,493
Goodwill (Note 8)	[7]	84,484		82,985
Other intangible assets – net (Note 8)	[7]	20,397		20,014
Contract and other deferred assets (Note 10)	[7]	20,780		20,356
All other assets	[7]	11,704		13,627
Deferred income taxes (Note 14)	[7]	10,315		7,815
Assets of businesses held for sale (Note 2)	[7]	3,992		3,799
Assets of discontinued operations (Note 2)	[7]	0		0
Total assets	[7]	272,067		279,267
Liabilities and equity
Short-term borrowings (Note 11)	[7],[8]	12,615		14,548
Accounts payable, principally trade accounts	[7]	20,492		21,851
Progress collections and deferred income	[7]	22,207		22,221
Dividends payable	[7]	1,060		1,052
Other GE current liabilities	[7]	16,092		16,919
Non-recourse borrowings of consolidated securitization entities (Note 11)	[7]	0		0
Long-term borrowings (Note 11)	[7],[8]	64,792		67,040
Investment contracts, insurance liabilities and insurance annuity benefits (Note 12)	[7]	0		0
Non-current compensation and benefits	[7]	40,369		40,820
All other liabilities	[7]	16,736		16,873
Liabilities of businesses held for sale (Note 2)	[7]	1,134		1,248
Liabilities of discontinued operations (Note 2)	[7]	23		23
Total Liabilities	[7]	195,519		202,595
Redeemable noncontrolling interests (Note 15)	[7]	3,549		3,391
Preferred stock (5,939,874 shares outstanding at both March 31, 2018 and December 31, 2017)	[7]	6		6
Common stock (8,685,338,000 and 8,680,571,000 shares outstanding at March 31, 2018 and December 31, 2017, respectively)	[7]	702		702
Accumulated other comprehensive income (loss) - net attributable to GE
Investment securities	[7]	(4)		(102)
Currency translation adjustments	[7]	(3,988)		(4,661)
Cash flow hedges	[7]	114		62
Benefit plans	[7]	(8,984)		(9,702)
Other capital	[7]	37,339		37,384
Retained earnings	[7]	115,477		117,245
Less common stock held in treasury	[7]	(84,697)		(84,902)
Total GE shareowners’ equity	[7]	55,965		56,030
Noncontrolling interests (Note 15)	[7]	17,034		17,252
Total equity (Note 15)	[7]	72,999		73,282
Total liabilities, redeemable noncontrolling interests and equity	[7]	272,067		279,267
Financial Services (GE Capital)
Assets
Cash, cash equivalents and restricted cash	[5]	19,012		25,145
Investment securities (Note 3)		36,688		38,231
Current receivables (Note 4)		0		0
Inventories (Note 5)		67		75
Financing receivables – net (Note 6)		20,099		21,967
Other GE Capital receivables		16,133		16,945
Property, plant and equipment – net (Note 7)		30,723		30,595
Receivable from GE Capital	[8]	0		0
Investment in GE Capital		0		0
Goodwill (Note 8)		984		984
Other intangible assets – net (Note 8)		264		259
Contract and other deferred assets (Note 10)		0		0
All other assets		15,211		15,606
Deferred income taxes (Note 14)		1,160		999
Assets of businesses held for sale (Note 2)		0		0
Assets of discontinued operations (Note 2)		5,670		5,912
Total assets		146,011		156,716
Liabilities and equity
Short-term borrowings (Note 11)	[8]	15,603		19,602
Accounts payable, principally trade accounts		1,945		1,853
Progress collections and deferred income		0		0
Dividends payable		0		0
Other GE current liabilities		0		0
Non-recourse borrowings of consolidated securitization entities (Note 11)		1,335		1,980
Long-term borrowings (Note 11)	[8]	69,346		73,614
Investment contracts, insurance liabilities and insurance annuity benefits (Note 12)		37,453		38,587
Non-current compensation and benefits		748		801
All other liabilities		5,334		5,886
Liabilities of businesses held for sale (Note 2)		0		0
Liabilities of discontinued operations (Note 2)		2,081		683
Total Liabilities		133,845		143,007
Redeemable noncontrolling interests (Note 15)		0		0
Preferred stock (5,939,874 shares outstanding at both March 31, 2018 and December 31, 2017)		6		6
Common stock (8,685,338,000 and 8,680,571,000 shares outstanding at March 31, 2018 and December 31, 2017, respectively)		0		0
Accumulated other comprehensive income (loss) - net attributable to GE
Investment securities		5		(99)
Currency translation adjustments		(142)		(225)
Cash flow hedges		82		54
Benefit plans		(514)		(524)
Other capital		12,842		12,806
Retained earnings		(308)		1,476
Less common stock held in treasury		0		0
Total GE shareowners’ equity		11,972		13,493
Noncontrolling interests (Note 15)		195		217
Total equity (Note 15)		12,166		13,709
Total liabilities, redeemable noncontrolling interests and equity		$ 146,011		$ 156,716
[1]	Includes restricted cash of $501 million and $668 million at March 31, 2018 and December 31, 2017, respectively.
[2]	Our consolidated assets at March 31, 2018 included total assets of $3,927 million of certain variable interest entities (VIEs) that can only be used to settle the liabilities of those VIEs. These assets included current receivables and net financing receivables of $1,460 million within continuing operations and assets of discontinued operations of $280 million. Our consolidated liabilities at March 31, 2018 included liabilities of certain VIEs for which the VIE creditors do not have recourse to GE. These liabilities included non-recourse borrowings of consolidated securitization entities (CSEs) of $(665) million within continuing operations. See Note 18.
[3]	The sum of accumulated other comprehensive income (loss) (AOCI) attributable to the Company was $(12,862) million and $(14,404) million at March 31, 2018 and December 31, 2017, respectively.
[4]	Included AOCI attributable to noncontrolling interests of $(66) million and $(226) million at March 31, 2018 and December 31, 2017, respectively.
[5]	GE restricted cash was $439 million and $611 million at March 31, 2018 and December 31, 2017, respectively, and GE Capital restricted cash was $62 million and $57 million at March 31, 2018 and December 31, 2017, respectively.
[6]	Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis.
[7]	Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis. See Note 1.
[8]	In 2015, senior unsecured notes and commercial paper were assumed by GE upon its merger with GE Capital, resulting in an intercompany receivable and payable between GE and GE Capital. See Note 11.

STATEMENT OF FINANCIAL POSITIO5

STATEMENT OF FINANCIAL POSITION (Parenthetical) - USD ($) $ in Millions		Mar. 31, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Preferred stock, shares outstanding		5,939,874	5,939,874
Common stock, shares outstanding		8,685,338,000	8,680,571,000
Restricted cash		$ 501	$ 668
Total assets of certain variable interest entities		3,927
Sum of accumulated other comprehensive income (loss) (AOCI) attributable to the Company		(12,862)	(14,404)
AOCI attributable to noncontrolling interests		73,193	73,498
Financial Services (GE Capital)
Restricted cash		62	57
AOCI attributable to noncontrolling interests		12,166	13,709
GE
Restricted cash		439	611
AOCI attributable to noncontrolling interests	[1]	72,999	73,282
Attributable to noncontrolling interests
AOCI attributable to noncontrolling interests		(66)	$ (226)
Current receivables and net financing receivables
Total assets of certain variable interest entities		1,460
Assets of discontinued operations
Total assets of certain variable interest entities		280
Non-recourse borrowings of consolidated securitization entities (CSEs)
Non-recourse borrowings of consolidated securitization entities (CSEs) within continuing operations		$ (665)
[1]	Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis. See Note 1.

STATEMENT OF CASH FLOWS (UNAUDI

STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($) $ in Millions		3 Months Ended				12 Months Ended
		Mar. 31, 2018		Mar. 31, 2017		Dec. 31, 2017
Cash flows – operating activities
Net earnings (loss)		$ (1,113)		$ (187)
(Earnings) loss from discontinued operations		1,553		239
Adjustments to reconcile net earnings (loss) attributable to the Company to cash provided from operating activities
Depreciation and amortization of property, plant and equipment		1,300		1,193
Amortization of intangible assets		613		539
(Earnings) loss from continuing operations retained by GE Capital		0		0
Deferred income taxes		(667)		(324)
Decrease (increase) in contract and other deferred assets		(398)		(1,249)
Decrease (increase) in GE current receivables		1,732		2,168
Decrease (increase) in inventories		(1,069)		(815)
Increase (decrease) in accounts payable		(38)		(304)
Increase (decrease) in GE progress collections		(40)		(5)
All other operating activities		(451)		(679)
Cash from (used for) operating activities – continuing operations		1,423		576
Cash from (used for) operating activities – discontinued operations		(33)		(658)
Cash from (used for) operating activities		1,390		(82)
Cash flows – investing activities
Additions to property, plant and equipment		(1,818)		(1,470)
Dispositions of property, plant and equipment		624		812
Additions to internal-use software		(99)		(130)
Net decrease (increase) in GE Capital financing receivables		303		306
Proceeds from sale of discontinued operations		29		789
Proceeds from principal business dispositions		15		81
Net cash from (payments for) principal businesses purchased		0		(967)
All other investing activities		(623)		5,315
Cash from (used for) investing activities – continuing operations		(1,570)		4,735
Cash from (used for) investing activities – discontinued operations		(74)		(2,026)
Cash from (used for) investing activities		(1,644)		2,709
Cash flows – financing activities
Net increase (decrease) in borrowings (maturities of 90 days or less)		(1,291)		777
Newly issued debt (maturities longer than 90 days)		199		326
Repayments and other debt reductions (maturities longer than 90 days)		(9,256)		(8,666)
Net dispositions (purchases) of GE shares for treasury		(8)		(1,578)
Dividends paid to shareowners		(1,043)		(2,084)
All other financing activities		(501)		(959)
Cash from (used for) financing activities – continuing operations		(11,899)		(12,185)
Cash from (used for) financing activities – discontinued operations		0		1,907
Cash from (used for) financing activities		(11,899)		(10,278)
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash		208		133
Increase (decrease) in cash, cash equivalents and restricted cash		(11,945)		(7,518)
Cash, cash equivalents and restricted cash at beginning of year		44,724		50,384		$ 50,384
Cash, cash equivalents and restricted cash at March 31		32,779		42,866		44,724
Less cash, cash equivalents and restricted cash of discontinued operations at March 31		650		824
Cash, cash equivalents and restricted cash of continuing operations at March 31		32,129	[1]	42,042		43,967	[1]
GE
Cash flows – operating activities
Net earnings (loss)	[2],[3]	(1,146)		(223)
(Earnings) loss from discontinued operations	[2],[3]	1,553		239
Adjustments to reconcile net earnings (loss) attributable to the Company to cash provided from operating activities
Depreciation and amortization of property, plant and equipment	[2]	758		589
Amortization of intangible assets	[2]	601		519
(Earnings) loss from continuing operations retained by GE Capital	[2],[4]	215		2,047
Deferred income taxes	[2]	(429)		(412)
Decrease (increase) in contract and other deferred assets	[2]	(398)		(1,249)
Decrease (increase) in GE current receivables	[2]	(106)		193
Decrease (increase) in inventories	[2]	(1,073)		(819)
Increase (decrease) in accounts payable	[2]	(302)		(407)
Increase (decrease) in GE progress collections	[2]	114		(9)
All other operating activities	[2]	(798)		(101)
Cash from (used for) operating activities – continuing operations	[2]	(1,012)		368
Cash from (used for) operating activities – discontinued operations	[2]	0		0
Cash from (used for) operating activities	[2]	(1,012)		368
Cash flows – investing activities
Additions to property, plant and equipment	[2]	(882)		(992)
Dispositions of property, plant and equipment	[2]	166		355
Additions to internal-use software	[2]	(91)		(124)
Net decrease (increase) in GE Capital financing receivables	[2]	0		0
Proceeds from sale of discontinued operations	[2]	0		0
Proceeds from principal business dispositions	[2]	15		81
Net cash from (payments for) principal businesses purchased	[2]	0		(967)
All other investing activities	[2]	(721)		(177)
Cash from (used for) investing activities – continuing operations	[2]	(1,514)		(1,824)
Cash from (used for) investing activities – discontinued operations	[2]	0		0
Cash from (used for) investing activities	[2]	(1,514)		(1,825)
Cash flows – financing activities
Net increase (decrease) in borrowings (maturities of 90 days or less)	[2]	(1,287)		(254)
Newly issued debt (maturities longer than 90 days)	[2]	412		4,118
Repayments and other debt reductions (maturities longer than 90 days)	[2]	(916)		(1,411)
Net dispositions (purchases) of GE shares for treasury	[2]	(8)		(1,578)
Dividends paid to shareowners	[2]	(1,043)		(2,084)
All other financing activities	[2]	(469)		(217)
Cash from (used for) financing activities – continuing operations	[2]	(3,311)		(1,424)
Cash from (used for) financing activities – discontinued operations	[2]	0		0
Cash from (used for) financing activities	[2]	(3,311)		(1,424)
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash	[2]	133		71
Increase (decrease) in cash, cash equivalents and restricted cash	[2]	(5,705)		(2,809)
Cash, cash equivalents and restricted cash at beginning of year	[2]	18,822		11,083		11,083
Cash, cash equivalents and restricted cash at March 31	[2]	13,118		8,274		18,822
Less cash, cash equivalents and restricted cash of discontinued operations at March 31	[2]	0		0
Cash, cash equivalents and restricted cash of continuing operations at March 31		13,118	[2],[5],[6]	8,274	[2]	18,822	[5],[6]
Financial Services (GE Capital)
Cash flows – operating activities
Net earnings (loss)		(1,735)		(253)
(Earnings) loss from discontinued operations		1,553		242
Adjustments to reconcile net earnings (loss) attributable to the Company to cash provided from operating activities
Depreciation and amortization of property, plant and equipment		531		595
Amortization of intangible assets		12		20
(Earnings) loss from continuing operations retained by GE Capital	[4]	0		0
Deferred income taxes		(238)		87
Decrease (increase) in contract and other deferred assets		0		0
Decrease (increase) in GE current receivables		0		0
Decrease (increase) in inventories		8		5
Increase (decrease) in accounts payable		49		8
Increase (decrease) in GE progress collections		0		0
All other operating activities		359		(585)
Cash from (used for) operating activities – continuing operations		539		119
Cash from (used for) operating activities – discontinued operations		(33)		(658)
Cash from (used for) operating activities		506		(538)
Cash flows – investing activities
Additions to property, plant and equipment		(972)		(688)
Dispositions of property, plant and equipment		459		619
Additions to internal-use software		(8)		(6)
Net decrease (increase) in GE Capital financing receivables		2,933		2,967
Proceeds from sale of discontinued operations		29		789
Proceeds from principal business dispositions		0		0
Net cash from (payments for) principal businesses purchased		0		0
All other investing activities		46		3,114
Cash from (used for) investing activities – continuing operations		2,487		6,795
Cash from (used for) investing activities – discontinued operations		(74)		(2,026)
Cash from (used for) investing activities		2,412		4,768
Cash flows – financing activities
Net increase (decrease) in borrowings (maturities of 90 days or less)		(892)		132
Newly issued debt (maturities longer than 90 days)		72		292
Repayments and other debt reductions (maturities longer than 90 days)		(8,383)		(8,594)
Net dispositions (purchases) of GE shares for treasury		0		0
Dividends paid to shareowners		0		(2,000)
All other financing activities		(32)		(737)
Cash from (used for) financing activities – continuing operations		(9,234)		(10,907)
Cash from (used for) financing activities – discontinued operations		0		1,907
Cash from (used for) financing activities		(9,234)		(8,999)
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash		75		61
Increase (decrease) in cash, cash equivalents and restricted cash		(6,241)		(4,708)
Cash, cash equivalents and restricted cash at beginning of year		25,902		39,301		39,301
Cash, cash equivalents and restricted cash at March 31		19,661		34,592		25,902
Less cash, cash equivalents and restricted cash of discontinued operations at March 31		650		824
Cash, cash equivalents and restricted cash of continuing operations at March 31		$ 19,012	[5]	$ 33,768		$ 25,145	[5]
[1]	Includes restricted cash of $501 million and $668 million at March 31, 2018 and December 31, 2017, respectively.
[2]	Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis.
[3]	Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis. See Note 1.
[4]	Represents GE Capital earnings (loss) from continuing operations attributable to the Company, net of GE Capital dividends paid to GE.
[5]	GE restricted cash was $439 million and $611 million at March 31, 2018 and December 31, 2017, respectively, and GE Capital restricted cash was $62 million and $57 million at March 31, 2018 and December 31, 2017, respectively.
[6]	Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis. See Note 1.

BASIS OF PRESENTATION AND SUMMA

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 1. BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES BASIS OF PRESENTATION The accompanying consolidated financial statements represent the consolidation of General Electric Company (the Company) and all companies that we directly or indirectly control, either through majority ownership or otherwise. See Note 1 to the consolidated financial statements in our Annual Report on Form 10-K for the year ended December 31, 2017 that discusses our consolidation and financial statement presentation. As used in this report on Form 10-Q (Report), “GE” represents the adding together of all affiliated companies except GE Capital (GE Capital or Financial Services), whose continuing operations are presented on a one-line basis; GE Capital consists of GE Capital Global Holdings, LLC (GECGH) and all of its affiliates; and “Consolidated” represents the adding together of GE and GE Capital with the effects of transactions between the two eliminated. We have reclassified certain prior-period amounts to conform to the current-period presentation. Certain columns and rows may not add due to the use of rounded numbers. Percentages presented are calculated from the underlying numbers in millions. Unless otherwise indicated, information in these notes to the consolidated financial statements relates to continuing operations. INTERIM PERIOD PRESENTATION The consolidated financial statements and notes thereto are unaudited. These statements include all adjustments (consisting of normal recurring accruals) that we considered necessary to present a fair statement of our results of operations, financial position and cash flows. The results reported in these consolidated financial statements should not be regarded as necessarily indicative of results that may be expected for the entire year. It is suggested that these consolidated financial statements be read in conjunction with the financial statements and notes thereto included in our consolidated financial statements of our Annual Report on Form 10-K for the year ended December 31, 2017 . SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Please refer to Note 1, Basis of Presentation and Summary of Significant Accounting Policies, to the consolidated financial statements of our Annual Report on Form 10-K for the year ended December 31, 2017 for the discussion of our significant accounting policies as well as the additional revenue accounting policy information provided in Note 9, reflective of our adoption of ASC 606. ACCOUNTING CHANGES On January 1, 2018, we adopted Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers , and the related amendments (ASC 606), which supersedes most previous U.S. GAAP revenue guidance. We elected to adopt the new standard on a retrospective basis to ensure a consistent basis of presentation within our consolidated financial statements for all periods reported. In addition, we elected the practical expedient for contract modifications, which essentially means that the terms of the contract that existed at the beginning of the earliest period presented can be assumed to have been in place since the inception of the contract (i.e., not practical to separately evaluate the effects of all prior contract modifications). ASC 606 requires companies to identify contractual performance obligations and determine whether revenue should be recognized at a point in time or over time based on when control of goods and services transfers to a customer. As a result of the adoption of the standard, we recorded significant changes in the timing of revenue recognition and in the classification between revenues and costs. The financial statement effect of the adoption was a decrease to our previously reported retained earnings as of January 1, 2016 of $4,240 million and a decrease to our previously reported revenues and earnings (loss) from continuing operations of $2,224 million and $2,668 million , respectively, for the year ended December 31, 2017 and $220 million and $1,182 million , respectively, for the year ended December 31, 2016. The effect on our statement of financial position was principally comprised of changes to our contract assets, inventories, deferred taxes, deferred income and progress collections balances resulting in an $8,317 million decrease to previously reported total assets as of December 31, 2017. As discussed in prior filings, some of the impacts of adopting the ASC 606 are: Long-Term Service Agreements - For our long-term service agreements, we will continue to recognize revenue over time using percentage of completion based on costs incurred relative to total expected costs. We will also continue to record cumulative effect adjustments resulting from changes to our estimated contract billings or costs (excluding those resulting from contract modifications as discussed below). Our accounting will be impacted by various changes in the new revenue standard including (1) accounting for contract modifications and their related impacts and (2) changes in the accounting scope and term of our contracts. • Modifications - Under the new revenue standard, contract modifications will generally be accounted for as if we entered into a new contract, resulting in prospective recognition of changes to our estimates of contract billings and costs. That is, cumulative effect adjustments will generally no longer be recognized in the period that modifications occur. There was limited guidance for accounting for contract modifications under prior U.S. GAAP. As a result, our previous method of accounting for contract modifications was developed with the objective of accounting for the nature of the contract modifications. Generally, contract modifications were accounted for as cumulative effect adjustments, which reflected an update to the contract margin for the impact of the modification (i.e., changes to estimates of future contract billings and costs); however, modifications that substantially changed the economics of the arrangement were effectively accounted for as a new contract. • Scope and term - The new revenue standard provides more prescriptive guidance on identifying the elements of long-term service type contracts that should be accounted for as separate performance obligations. Application of this guidance, which focuses on understanding the nature of the arrangement, including our customers' discretion in purchasing decisions, has resulted in changes to the scope of elements included in our accounting model for long-term service agreements. For example, significant equipment upgrades offered as part of our long-term service agreements will generally be accounted for as separate performance obligations under the new revenue standard. Also, the term of our contracts is now defined as the shorter of the stated term or the term not subject to unilateral termination. Over this contract term, we estimate our revenues and related costs, including estimates of fixed and variable payments related to asset utilization and related costs to fulfill our performance obligations. Historically, our accounting for long-term contracts did not reflect an expectation that a contract would be terminated prior to the stated term, particularly when the probability of termination was considered remote. Under prior U.S. GAAP, while termination rights were considered, more emphasis was placed on more likely outcomes (i.e., use of best estimates). For example, we used historical experience with similar types of contracts as well as other evidence (e.g., customer intent, economic compulsion and future plans for operating the asset) to determine the contract term for application of our accounting model. These changes to our long-term service agreement accounting have significantly impacted all of our industrial businesses except for Renewable Energy, Healthcare, and Lighting and were some of the drivers in the reduction of the related contract asset balance of $8,255 million as of December 31, 2017. While these contract asset balances have been reduced due to the accounting changes, the economics and cash impact of these contracts remain unchanged. Aviation Commercial Engines - For Aviation Commercial engines our previous method applied contract-specific estimated margin rates, which included the effect of estimated cost improvements over time, to costs incurred to determine the amount of revenue that should be recognized. The new revenue standard will result in a significant change from our previous long-term contract accounting model. While we will continue to recognize revenue at delivery, each engine is now accounted for as a separate performance obligation, reflecting the contractually stated price and manufacturing cost of each engine. The most significant effect of this change is on our new engine launches, where the cost of earlier production units is higher than the cost of later production units driven by expected cost improvements over the life of the engine program, which will generally result in lower earnings or increased losses on our early program engine deliveries to our airframer customers. The effect of this change reduced the related contract asset balance of $1,755 million as of December 31, 2017. All Other Large Equipment - For the remainder of our equipment businesses, the new revenue standard’s emphasis on transfer of control rather than risks and rewards has resulted in an accelerated timing of revenue recognition versus our previous accounting for certain products. While this change impacts all our businesses, our Renewable Energy business was most significantly impacted on a year over year basis with certain of their products recognized at an earlier point in time compared to historical standards. Consistent with our industry peers, certain of our businesses’ products have transitioned either to a point in time or over time recognition based on the nature of the arrangement. This change in timing of revenue had an effect on inventory, contract assets and progress collections to reflect the transfer of control at an earlier point in time. Refer to our Form 8-K filed on April 13, 2018 for supplemental information on the effect of the adoption of ASC 606 to our financial statements. On January 1, 2018, we adopted ASU No. 2017-07, Compensation-Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost . The ASU requires the service cost component of the net periodic costs for pension and postretirement plans to be presented in the same line item in the statement of earnings as other employee-related compensation costs. The non-service related costs are now required to be presented separately from the service cost component. This change to the income statement has been reflected on a retrospective basis and had no effect on continuing or net income. The new standard also added guidance requiring entities to exclude these non-service related costs from capitalization in inventory or other internally-developed assets on a prospective basis, which is not expected to have a significant effect. On January 1, 2018 we adopted ASU No. 2016-18, Statement of Cash Flows: Restricted Cash . The ASU requires the changes in the total of cash and restricted cash to be presented in the statement of cash flows. In addition, when cash and restricted cash are presented on separate lines on the balance sheet, an entity is required to reconcile the totals in the statement of cash flows to the related line items in the balance sheet. While not a direct effect of the adoption of the standard, to simplify the reconciliation of the statement of cash flows to the cash balances presented in our statement of financial position, we have elected to present cash and restricted cash as a single line on the balance sheet, which resulted in an increase of $668 million and $654 million to our previously reported December 31, 2017 and December 31, 2016 cash balances, respectively. The change to our cash balances and cash flows has been reflected on a retrospective basis for all periods presented. On January 1, 2018, we adopted ASU No. 2016-16, Accounting for Income Taxes: Intra-Entity Asset Transfers of Assets Other than Inventory . The ASU eliminates the deferral of the tax effects of intra-entity asset transfers other than inventory and was required to be adopted on a modified retrospective basis. As a result, the tax expense from the intercompany sale of assets, other than inventory, and associated changes to deferred taxes will be recognized when the sale occurs even though the pre-tax effects of the transaction have not been recognized as they are eliminated in consolidation. This change to our income tax provision has been reflected as a $464 million cumulative catch up adjustment to increase retained earnings as of January 1, 2018 and is not reflected in periods prior to this date. On January 1, 2018, we adopted ASU No. 2016-15, Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments . The ASU is required to be reflected on a retrospective basis and provides guidance on the classification of certain cash receipts and cash payments, including requiring cash payments for debt prepayment or debt extinguishment costs be classified as financing activities and payments from a beneficial interest in securitization transactions be classified as investing activities. As part of the adoption, we will reclassify $553 million of cash receipts from our beneficial interest in securitized trade receivables within our consolidated statement of cash flows from cash inflows from operating activities to cash inflows from investing activities for the year ended December 31, 2017 (no effect to periods prior to 2017). The adoption of the ASU did not have a significant effect on our GE Industrial cash flows. On January 1, 2018 we adopted ASU 2016-01, Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. The ASU provides guidance related to the recognition and measurement of financial assets and financial liabilities with changes primarily affecting equity investments and disclosure of financial instruments. Under the new guidance, equity investments with readily determinable fair value, except those accounted for under the equity method of accounting, will be measured at fair value with changes in fair value recognized in earnings. The adoption had an insignificant impact to retained earnings and other comprehensive income. Effective January 1, 2018, we voluntarily changed the cost method of the GE U.S. inventories that were previously measured on a last-in, first-out (LIFO) basis to first-in, first-out (FIFO) basis. We believe the FIFO method is a preferable measure for our inventories as it is expected to better reflect the current value of inventory reported in the consolidated statement of financial position, improve the matching of costs of goods sold with related revenue, and provide for greater consistency and uniformity across our operations with respect to the method of inventory valuation. While this change will also require us to make a conforming change for U.S. income tax purposes, all existing GE businesses previously using LIFO are expected to be in a deflationary cost environment due to the manufacturing life cycle of the products and continuous reduction in the manufacturing costs due to better efficiencies, which would significantly decrease the tax benefit that LIFO would otherwise provide. Prior to the change and as reported in our 2017 10-K, LIFO was used for approximately 32% of GE inventories as of December 31, 2017. As required by U.S. GAAP, we have reflected this change in accounting principle on a retrospective basis resulting in changes to the historical periods presented. The retrospective application of the change resulted in a decrease to our January 1, 2016 retained earnings of $105 million and a decrease to our net loss from continuing operations by $15 million and $124 million for the three months ended March 31, 2017 and the year ended December 31, 2017, respectively, and a decrease to our net earnings from continuing operations by $147 million for the year ended December 31, 2016. This change did not affect our previously reported cash flows from operating, investing or financing activities.

BUSINESSES HELD FOR SALE AND DI

BUSINESSES HELD FOR SALE AND DISCONTINUED OPERATIONS	3 Months Ended
	Mar. 31, 2018
Discontinued Operations and Disposal Groups [Abstract]
BUSINESSES HELD FOR SALE AND DISCONTINUED OPERATIONS	NOTE 2. BUSINESSES HELD FOR SALE AND DISCONTINUED OPERATIONS ASSETS AND LIABILITIES OF BUSINESSES HELD FOR SALE On November 13, 2017, the Company announced its intention to exit approximately $20 billion of assets over the next one to two years . In the fourth quarter of 2017, in connection with this announcement, GE classified various businesses with assets of $1,684 million and liabilities of $721 million as held for sale. These businesses span across our Power, Lighting, Aviation and Healthcare segments and resulted in a pre-tax loss on the planned disposals of $1,075 million ( $1,045 million after-tax) as of March 31, 2018, of which $1,033 million of pre-tax loss ( $1,024 million after-tax) was recorded in the fourth quarter of 2017. O n September 25, 2017, we signed an agreement to sell our Industrial Solutions business within our Power segment with assets of $2,308 million and liabilities of $ 413 million, to ABB for approximately $2,600 million (approximately $1,900 million net cash proceeds after adjusting for deal taxes and for cash to be received by GE Capital for receivables originated in our Industrial Solutions business and sold to them). The transaction is targeted to close in mid-2018. FINANCIAL INFORMATION FOR ASSETS AND LIABILITIES OF BUSINESSES HELD FOR SALE (In millions) March 31, 2018 December 31, 2017 Assets Current receivables(a) $ 593 $ 612 Inventories 964 931 Property, plant, and equipment – net 964 931 Goodwill 1,659 1,619 Other intangible assets – net 411 403 Contract assets 660 619 Valuation allowance on disposal group classified as held for sale (b) (1,049 ) (1,000 ) Other assets 107 49 Assets of businesses held for sale $ 4,310 $ 4,164 Liabilities Accounts payable(a) $ 672 $ 602 Progress collections and deferred income 146 179 Non-current compensation and benefits 42 162 Other liabilities 163 305 Liabilities of businesses held for sale $ 1,024 $ 1,248 (a) Included transactions in our industrial businesses that were made on an arms-length basis with GE Capital, including GE current receivables sold to GE Capital of $ 318 million and $ 366 million at March 31, 2018 and December 31, 2017 , respectively and GE Capital services for material procurement of $(111) million at March 31, 2018. These intercompany balances included within our held for sale businesses are reported in the GE and GE Capital columns of our financial statements, but are eliminated in deriving our consolidated financial statements. (b) We adjusted the carrying value to fair value less cost to sell for certain held for sale businesses. DISCONTINUED OPERATIONS Discontinued operations primarily relate to our financial services businesses . Discontinued operations primarily comprise residual assets and liabilities related to our exited U.S. mortgage business (WMC) , our mortgage portfolio in Poland, and trailing liabilities associated with the sale of our GE Capital businesses as a result of the GE Capital Exit Plan (our plan announced in 2015 to reduce the size of our financial services businesses). Results of operations, financial position and cash flows for these businesses are separately reported as discontinued operations for all periods presented. See Note 19 for further information about indemnifications and further discussion on WMC. FINANCIAL INFORMATION FOR DISCONTINUED OPERATIONS Three months ended March 31 (In millions) 2018 2017 Operations Total revenues and other income (loss) $ (1,472 ) $ 79 Earnings (loss) from discontinued operations before income taxes $ (1,574 ) $ (196 ) Benefit (provision) for income taxes(a) 19 62 Earnings (loss) from discontinued operations, net of taxes $ (1,555 ) $ (134 ) Disposal Gain (loss) on disposal before income taxes $ 4 $ (27 ) Benefit (provision) for income taxes(a) (1 ) (78 ) Gain (loss) on disposal, net of taxes $ 3 $ (105 ) Earnings (loss) from discontinued operations, net of taxes(b)(c) $ (1,553 ) $ (239 ) (a) GE Capital's total tax benefit (provision) for discontinued operations and disposals included current tax benefit (provision) of $(9) million and $(576) million for the three months ended March 31, 2018 and 2017 , respectively, including current U.S. Federal tax benefit (provision) of $24 million and $(587) million for the three months ended March 31, 2018 and 2017 , respectively. The deferred tax benefit (provision) was $27 million and $560 million for the three months ended March 31, 2018 and 2017 , respectively. (b) The sum of GE Industrial earnings (loss) from discontinued operations, net of taxes, and GE Capital earnings (loss) from discontinued operations, net of taxes, after adjusting for earnings (loss) attributable to noncontrolling interests related to discontinued operations, is reported within earnings (loss) from discontinued operations, net of taxes, in the GE Industrial column of the Consolidated Statement of Earnings (Loss). (c) Earnings (loss) from discontinued operations attributable to the Company, before income taxes, was $(1,571) million and $(223) million for the three months ended March 31, 2018 and 2017 , respectively. (In millions) March 31, 2018 December 31, 2017 Assets Cash, cash equivalents and restricted cash $ 650 $ 757 Investment securities 590 647 Deferred income taxes 1,024 951 Financing receivables held for sale 3,180 3,215 Other assets 226 342 Assets of discontinued operations $ 5,670 $ 5,912 Liabilities Accounts payable 53 51 Borrowings — 1 Other liabilities 2,052 654 Liabilities of discontinued operations $ 2,104 $ 706

INVESTMENT SECURITIES

INVESTMENT SECURITIES	3 Months Ended
	Mar. 31, 2018
Investments, Debt and Equity Securities [Abstract]
INVESTMENT SECURITIES	NOTE 3. INVESTMENT SECURITIES Substantially all of our investment securities are classified as available-for-sale and comprise mainly investment-grade debt securities supporting obligations to annuitants and policyholders in our run-off insurance operations. We do not have any securities classified as held-to-maturity. March 31, 2018 December 31, 2017 (In millions) Amortized Gross Gross Estimated Amortized Gross Gross Estimated Debt U.S. corporate $ 21,637 $ 3,014 $ (130 ) $ 24,522 $ 20,104 $ 3,775 $ (35 ) $ 23,843 Non-U.S. corporate 3,394 77 (14 ) 3,458 5,455 86 (13 ) 5,528 State and municipal 3,674 439 (53 ) 4,061 3,775 534 (40 ) 4,269 Mortgage and asset-backed 3,313 62 (45 ) 3,330 2,820 81 (23 ) 2,878 Government and agencies 1,636 64 (68 ) 1,632 1,927 75 (2 ) 2,000 Equity (b) 154 — — 154 166 12 — 178 Total $ 33,808 $ 3,657 $ (309 ) $ 37,156 $ 34,246 $ 4,564 $ (114 ) $ 38,696 (a) Included $544 million and $569 million of investment securities held by GE at March 31, 2018 and December 31, 2017, respectively, of which $119 million and $141 million are equity securities with readily determinable fair value. (b) Net unrealized gains (losses) recorded to earnings related to these securities with readily determinable fair value were $(17) million and an insignificant amount for the three months ended March 31, 2018 and 2017, respectively. Investments with a fair value of $4,226 million and $4,413 million were classified within Level 3 (significant inputs to the valuation model are unobservable) at March 31, 2018 and December 31, 2017, respectively. The remaining investments are substantially all classified within Level 2 (determined based on significant observable inputs). During the three months ended March 31, 2018 and 2017, there were no significant transfers into or out of Level 3 . In addition to equity securities with readily determinable fair value, we hold $757 million of equity securities without readily determinable fair value at March 31, 2018 that are recorded at cost less impairment and adjusted for observable price changes for identical or similar instruments. During the three months ended March 31, 2018, we recorded fair value increases of $ 8 million to those securities based on observable transactions and impairments of $5 million . ESTIMATED FAIR VALUE AND GROSS UNREALIZED LOSSES OF AVAILABLE-FOR-SALE DEBT SECURITIES In loss position for Less than 12 months 12 months or more (In millions) Estimated fair value Gross unrealized losses Estimated Gross March 31, 2018 U.S. corporate $ 3,160 $ (77 ) $ 568 $ (53 ) Non-U.S. corporate 426 (5 ) 2,041 (8 ) State and municipal 205 (4 ) 263 (49 ) Mortgage and asset-backed 1,534 (30 ) 325 (15 ) Government and agencies 486 (68 ) 20 — Total $ 5,810 $ (183 ) $ 3,216 $ (125 ) December 31, 2017 U.S. corporate $ 502 $ (6 ) $ 605 $ (30 ) Non-U.S. corporate 1,169 (4 ) 3,685 (10 ) State and municipal 48 (1 ) 272 (39 ) Mortgage and asset-backed 979 (11 ) 318 (12 ) Government and agencies 395 (2 ) 69 — Total $ 3,093 $ (23 ) $ 4,949 $ (91 ) Unrealized losses are not indicative of the amount of credit loss that would be recognized and at March 31, 2018 are primarily due to increases in market yields subsequent to our purchase of the securities. We presently do not intend to sell the vast majority of our debt securities that are in an unrealized loss position and believe that it is not more likely than not that we will be required to sell the vast majority of these securities before anticipated recovery of our amortized cost. The methodologies and significant inputs used to measure the amount of credit loss for our debt securities during 2018 have not changed. Total pre-tax, other-than-temporary impairments on debt securities recognized in earnings were an insignificant amount for the three months ended March 31, 2018 and 2017. CONTRACTUAL MATURITIES OF INVESTMENT IN AVAILABLE-FOR-SALE DEBT SECURITIES (EXCLUDING MORTGAGE AND ASSET-BACKED SECURITIES) (In millions) Amortized cost Estimated fair value Due Within one year $ 2,729 $ 2,730 After one year through five years 3,159 3,276 After five years through ten years 6,163 6,617 After ten years 18,352 21,124 We expect actual maturities to differ from contractual maturities because borrowers have the right to call or prepay certain obligations. Although we generally do not have the intent to sell any specific securities at the end of the period, in the ordinary course of managing our investment securities portfolio, we may sell securities prior to their maturities for a variety of reasons, including diversification, credit quality, yield and liquidity requirements and the funding of claims and obligations to policyholders. Gross realized gains on available-for-sale debt securities were $13 million and $95 million , and gross realized losses were $(1) million and $(1) million in the three months ended March 31, 2018 and 2017, respectively. Proceeds from investment securities sales and early redemptions by issuers totaled $322 million and $1,073 million in the three months ended March 31, 2018 and 2017, respectively primarily from sales of U.S. Corporate, government and agencies and state and municipal securities.

CURRENT RECEIVABLES

CURRENT RECEIVABLES	3 Months Ended
	Mar. 31, 2018
Receivables [Abstract]
CURRENT RECEIVABLES	NOTE 4. CURRENT RECEIVABLES Consolidated(a)(b) GE(c) (In millions) March 31, 2018 December 31, 2017 March 31, 2018 December 31, 2017 Current receivables $ 23,573 $ 25,282 $ 15,671 $ 15,693 Allowance for losses (1,014 ) (1,073 ) (999 ) (1,055 ) Total $ 22,560 $ 24,209 $ 14,672 $ 14,638 (a) Included GE industrial customer receivables sold to a GE Capital affiliate and recorded on GE Capital’s balance sheet of $ 8,677 million and $ 10,370 million at March 31, 2018 and December 31, 2017 , respectively. The consolidated total included a deferred purchase price receivable of $ 407 million and $ 388 million at March 31, 2018 and December 31, 2017 , respectively, related to our Receivables Facility (described below). (b) In order to manage credit exposure, the Company sells additional current receivables to third parties outside the Receivables Facility, substantially all of which are serviced by the Company. The outstanding balance of these current receivables was $ 2,330 million and $ 2,541 million at March 31, 2018 and December 31, 2017 , respectively. Of these balances, $ 1,170 million and $ 1,621 million was sold by GE to GE Capital prior to the sale to third parties at March 31, 2018 and December 31, 2017 , respectively. At March 31, 2018 and December 31, 2017 , our maximum exposure to loss under the limited recourse arrangements is $ 80 million and $ 90 million, respectively. (c) GE current receivables balances at March 31, 2018 and December 31, 2017 , before allowance for losses, included $ 10,544 million and $ 10,452 million, respectively, from sales of goods and services to customers. The remainder of the balances primarily relates to supplier advances, revenue sharing programs and other non-income based tax receivables. RECEIVABLES FACILITY The Company has a $ 3,750 million revolving Receivables Facility under which receivables are sold directly to third-party purchasers. The third-party purchasers have no recourse to other assets of the Company in the event of non-payment by the debtors. Where the purchasing entity is a bank multi-seller commercial paper conduit, assets transferred by other parties to that entity form a majority of the entity’s assets. Upon sale of the receivables, we receive proceeds of cash and a deferred purchase price (DPP). The DPP is an interest in specified assets of the purchasers (the receivables sold by GE Capital) that entitles GE Capital to the residual cash flows of those specified assets. During the three months ended March 31, 2018 , GE Industrial sold current receivables of $ 5,416 million to GE Capital, which GE Capital sold immediately to third parties under the Receivables Facility. GE Capital continues to service the current receivables for the purchasers. The Company received total cash collections of $ 5,315 million on previously sold current receivables owed to the purchasing entities. The purchasing entities reinvested $ 4,610 million of those collections to purchase newly originated current receivables from the Company and paid $720 million to purchase newly originated current receivables from the company. In addition, the purchase of additional receivables by the purchasing entities increased their DPP obligation to the Company by $61 million and they paid $ 42 million to reduce their DPP obligation. During the three months ended March 31, 2018 , the Company recorded a loss of $ 32 million on sales of current receivables to the third party purchasers. At March 31, 2018 and December 31, 2017 , GE Capital, under the Receivables Facility, serviced $ 3,323 million and $3,222 million of transferred receivables that remain outstanding, respectively. During the three months ended March 31, 2018 , the purchasers paid GE Capital servicing fees of $8 million. Given the short-term nature of the underlying receivables, discount rates and prepayments are not factors in determining the value of the DPP. Collections on the DPP are presented within Cash flows from investing activities in the GE Capital and consolidated columns in the Statement of Cash Flows. As the performance of the transferred current receivables is similar to the performance of our other current receivables, delinquencies are not expected to be significant.

INVENTORIES

INVENTORIES	3 Months Ended
	Mar. 31, 2018
Inventory Disclosure [Abstract]
INVENTORIES	NOTE 5. INVENTORIES (In millions) March 31, 2018 December 31, 2017 Raw materials and work in process $ 10,983 $ 10,131 Finished goods 9,334 8,847 Unbilled shipments 256 441 Total Inventories $ 20,574 $ 19,419

GE CAPITAL FINANCING RECEIVABLE

GE CAPITAL FINANCING RECEIVABLES AND ALLOWANCE FOR LOSSES ON FINANCING RECEIVABLES	3 Months Ended
	Mar. 31, 2018
Receivables [Abstract]
GE CAPITAL FINANCING RECEIVABLES AND ALLOWANCE FOR LOSSES ON FINANCING RECEIVABLES	NOTE 6. GE CAPITAL FINANCING RECEIVABLES AND ALLOWANCE FOR LOSSES ON FINANCING RECEIVABLES FINANCING RECEIVABLES, NET (In millions) March 31, 2018 December 31, 2017 Loans, net of deferred income $ 15,764 $ 17,404 Investment in financing leases, net of deferred income 4,383 4,614 20,146 22,018 Allowance for losses (47 ) (51 ) Financing receivables – net $ 20,099 $ 21,967 We manage our financing receivables portfolio using delinquency and nonaccrual data as key performance indicators. At March 31, 2018 , $864 million ( 4.3% ), $408 million ( 2.0% ) and $324 million ( 1.6% ) of financing receivables were over 30 days past due, over 90 days past due and on nonaccrual, respectively. Of the $324 million of nonaccrual financing receivables at March 31, 2018 , the vast majority are secured by collateral and $202 million are currently paying in accordance with the contractual terms. At December 31, 2017 , $550 million ( 2.5% ), $140 million ( 0.6% ) and $252 million ( 1.1% ) of financing receivables were over 30 days past due, over 90 days past due and on nonaccrual, respectively. The recorded investment in impaired loans at March 31, 2018 and December 31, 2017 was $357 million and $286 million , respectively. The method used to measure impairment for these loans is primarily based on collateral value. At March 31, 2018 , troubled debt restructurings included in impaired loans were $130 million . The GE Capital financing receivable portfolio includes $904 million and $890 million of loans that are guaranteed by GE, of which $257 million and $239 million of these loans are on nonaccrual at March 31, 2018 and December 31, 2017, respectively. These impaired loans are measured based on market and collateral value at a consolidated level, however, are not impaired loans at GE Capital because of the GE guarantee and are therefore not included in the nonaccrual receivables mentioned above. At March 31, 2018, $248 million of these non accrual loans are also 90 days past due. In addition to the allowance for loan losses recorded at GE Capital, an additional allowance for loan losses of $160 and $161 million was recorded at GE and on a consolidated level for guaranteed loans at March 31, 2018 and December 31, 2017, respectively. In connection with the strategic shift to make GE Capital smaller and more focused, we classified $2,231 million of Energy Financial Services financing receivables as held for sale at December 31, 2017, as we no longer intend to hold these financing receivables for the foreseeable future. The related held for sale balance at March 31, 2018 is $2,081 million . Pre-tax provisions for losses on financing receivables of $14 million and $137 million and write-offs of $14 million and $156 million were recorded at March 31, 2018 and December 31, 2017, respectively to reduce the carrying value of the financing receivables to the lower of cost or fair value, less the cost to sell.

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	3 Months Ended
	Mar. 31, 2018
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT	NOTE 7. PROPERTY, PLANT AND EQUIPMENT (In millions) March 31, 2018 December 31, 2017 Original cost $ 90,214 $ 89,607 Less accumulated depreciation and amortization (36,564 ) (35,733 ) Property, plant and equipment – net $ 53,650 $ 53,874 Consolidated depreciation and amortization on property, plant and equipment was $1,300 million and $1,193 million in the three months ended March 31, 2018 and 2017 , respectively.

ACQUISITIONS, GOODWILL AND OTHE

ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS	3 Months Ended
	Mar. 31, 2018
Business Combinations [Abstract]
ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS	NOTE 8. ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS ACQUISITIONS On April 20, 2017 , we acquired LM Wind Power, the Danish maker of rotor blades for approximately $1,700 million. The preliminary purchase price allocation resulted in goodwill of approximately $1,600 million and amortizable intangible assets of approximately $210 million. The allocation of the purchase price will be finalized upon completion of post-closing procedures. On January 10, 2017, we acquired the remaining 96% of ServiceMax, a leader in cloud-based field service management solutions, for $ 867 million, net of cash acquired of $ 91 million. Upon gaining control, we fair valued the business including our previously held 4% equity interest. The purchase price allocation resulted in goodwill of $ 686 million and amortizable intangible assets of $ 279 million. In 2016, we acquired a total of 76.2% of the shares of Arcam AB, a Swedish company specializing in electron beam melting systems, in our Aviation segment for $477 million , net of cash acquired. Upon gaining control, we fair valued the business including our previously held 14.3% equity interest. The purchase price allocation resulted in goodwill of $523 million and amortizable intangible assets of $96 million . In the first quarter of 2018, we acquired an additional 20% interest in Arcam for approximately $ 203 million, bringing our total ownership stake to 96.2 %. We are obligated to purchase the remaining 3.8% noncontrolling interest, which we expect to do over the next twelve months. BAKER HUGHES On July 3, 2017, GE completed the combination of GE’s Oil & Gas business (GE Oil & Gas) with Baker Hughes Incorporated (Baker Hughes). As part of the transaction, GE contributed GE Oil & Gas and $7,498 million in cash in exchange for an ownership interest of approximately 62.5% in the new combined company. The operating assets of the new combined company are held through a partnership named Baker Hughes, a GE company, LLC (BHGE LLC). GE holds an economic interest of approximately 62.5% in this partnership, and Baker Hughes’ former shareholders hold an ownership interest of approximately 37.5% through a newly NYSE listed corporation, Baker Hughes, a GE company (BHGE), which controls the partnership. In turn, GE holds a controlling, voting interest of approximately 62.5% in BHGE through Class B Common Stock, which grants voting rights but no economic rights. Baker Hughes’ former shareholders received one share of BHGE Class A Common Stock and a special one-time cash dividend of $17.50 per share at closing. Total consideration was $24,798 million , including the $7,498 million cash contribution. The Baker Hughes acquisition has been accounted for as a business combination, using the acquisition method. The net assets of Baker Hughes’ contributed businesses were recorded at their estimated fair value, and GE Oil & Gas continues at its historical or carryover basis. We recorded noncontrolling interest of $16,231 million for the approximate 37.5% ownership interest in the combined company held by BHGE’s Class A shareholders. The noncontrolling interest is recorded at fair value for the portion attributable to Baker Hughes and at our historical cost for the portion attributable to GE Oil & Gas. The fair value of the noncontrolling interest associated with the acquired net assets was determined by the publicly traded share price of Baker Hughes at the close of the transaction. The impact of recognizing the noncontrolling interest in GE Oil & Gas resulted in an increase to additional paid in capital of $97 million . Previously we disclosed that the impact of recognizing the noncontrolling interest was a decrease to additional paid in capital of $126 million . The primary reason for the change from prior quarter is the adoption of ASC 606 in the first quarter of 2018. The tables below present the fair value of the consideration exchanged and the preliminary allocation of purchase price to the major classes of assets and liabilities of the acquired Baker Hughes business and the associated fair value of preexisting noncontrolling interest related to the acquired net assets of Baker Hughes. The estimated values are not yet final and are subject to change, and the changes could be significant. We will finalize our purchase accounting once we obtain the information necessary to complete our analysis but no later than one year from the acquisition date. PURCHASE PRICE (In millions) July 3, 2017 Cash consideration $ 7,498 Fair value of the Class A Shares in BHGE issued to Baker Hughes shareholders 17,300 Total consideration for Baker Hughes $ 24,798 PRELIMINARY IDENTIFIABLE ASSETS ACQUIRED AND LIABILITIES ASSUMED (In millions) July 3, 2017 Cash and cash equivalents $ 4,133 Accounts receivable 2,342 Inventories 1,706 Property, plant, and equipment - net 4,571 Other intangible assets - net 4,078 All other assets 1,596 Accounts payable (1,242 ) Borrowings (3,370 ) Deferred taxes (a) (390 ) All other liabilities (2,235 ) Total identifiable net assets 11,189 Fair value of existing noncontrolling interest (76 ) Goodwill 13,685 Total allocated purchase price $ 24,798 (a) Includes an increase of approximately $1,080 million primarily related to fair value adjustments to identifiable assets and liabilities (excluding goodwill) partially offset by a tax asset of approximately $572 million associated with the recognition of foreign tax credits. The estimated fair value of intangible assets and related useful lives in the preliminary purchase price allocation included: (In millions) Estimated fair value Estimated useful life (in years) Trademarks - Baker Hughes $ 2,100 Indefinite life Customer-related 1,320 15 Patents and technology 465 10 Trademarks - Other 40 10 Capitalized software 62 3-7 In-process research and development 70 Indefinite life Favorable lease contracts 21 10 Total $ 4,078 The above goodwill represents future economic benefits expected to be recognized from combining the operations of GE Oil & Gas and Baker Hughes, including expected future synergies and operating efficiencies. Goodwill resulting from the acquisition has been allocated to our Oil & Gas reporting units, of which $67 million is deductible for tax purposes. During the first quarter of 2018, the Company made measurement period adjustments to reflect facts and circumstances in existence as of the acquisition date. These adjustments resulted in an increase in goodwill of approximately $329 million primarily due to a reduction to the fair values of property, plant and equipment of $ 288 million and intangible assets of $ 45 million. As a result of the decrease in property, plant and equipment and intangible assets during the first quarter of 2018, we recorded a cumulative decrease to depreciation and amortization expense of $ 27 million. In addition, we reclassified certain legacy Baker Hughes business balances to conform to our presentation. INCOME TAXES BHGE LLC is treated as a disregarded entity for U.S. federal income tax purposes and, accordingly, does not incur any material current or deferred U.S. federal income taxes. BHGE LLC’s foreign subsidiaries, however, are expected to incur current and deferred foreign income taxes. At closing, GE and BHGE, entered into a Tax Matters Agreement. The Tax Matters Agreement governs the administration and allocation between the parties of tax liabilities and benefits arising prior to, as a result of, and subsequent to the transaction. GE will be responsible for certain taxes related to the formation of the transaction undertaken by GE and Baker Hughes and their respective subsidiaries. We have assumed approximately $33 million of tax obligations of Baker Hughes related to the formation of the transaction. The Tax Matters Agreement will also provide for the sharing of certain tax benefits arising from the transaction. GE will be entitled to 100% of these tax benefits to the extent that GE has borne certain taxes related to the formation of the transaction. Thereafter, these tax benefits will be shared by GE and BHGE in accordance with their ownership of the partnership, which will initially be approximately 62.5% and approximately 37.5% , respectively. INTEGRATION AND ACQUISITION COSTS During the three months ended March 31, 2018 and March 31, 2017, integration and acquisition costs of $ 46 million and $ 65 million , respectively were expensed as incurred and were reported as selling, general and administrative expenses. UNAUDITED PRO FORMA INFORMATION The following unaudited pro forma information has been presented as if the Baker Hughes transaction occurred on January 1, 2016. This information has been prepared by combining the historical results of the Company and historical results of Baker Hughes. The unaudited pro forma combined financial data for all periods presented were adjusted to give effect to proforma events that 1) are directly attributable to the aforementioned transaction, 2) factually supportable, and 3) expected to have a continuing impact on the consolidated results of operations. The unaudited combined pro forma results do not include any incremental cost savings that may result from the integration. The adjustments are based on information available to the Company at this time. Accordingly, the adjustments are subject to change and the impact of such changes may be material. The unaudited combined pro forma information is for informational purposes only. The pro forma information is not necessarily indicative of what the combined company’s results actually would have been had the acquisition been completed as of the beginning of the periods as indicated. In addition, the unaudited pro forma information does not purport to project the future results of the combined company. Three months ended March 31 (In millions) 2018 2017 Revenues $ 28,660 $ 29,140 Earnings (loss) from continuing operations 477 (32 ) Significant adjustments to the pro forma information above include recognition of non-recurring direct incremental integration and acquisition costs in the three month period ended March 31, 2017; the amortization associated with an estimate of the acquired intangible assets; and the depreciation associated with an estimate of the fair value step-up of property, plant and equipment. GOODWILL CHANGES IN GOODWILL BALANCES (In millions) Balance at Acquisitions Dispositions, Balance at Power $ 25,269 $ — $ 617 $ 25,886 Renewable Energy 4,093 — 231 4,324 Oil & Gas 23,943 — 466 24,410 Aviation 10,008 — 129 10,138 Healthcare 17,306 — 33 17,339 Transportation 902 — 5 907 Lighting (a) — — — — Capital 984 — — 984 Corporate 1,463 — 17 1,480 Total $ 83,968 $ — $ 1,498 $ 85,468 (a) Substantial majority of Lighting segment classified as held for sale in the fourth quarter of 2017. Goodwill balances increased by $1,498 million in 2018, primarily as a result of the currency effect of a weaker U.S. dollar and adjustments to the allocation of purchase price associated with our acquisitions of Baker Hughes and LM Wind Power. We perform our annual impairment test of goodwill in the third quarter for all of our reporting units. In addition, to our annual testing, we also test goodwill for impairment between annual impairment testing dates whenever events or circumstances occur, that, in our judgment, could more likely than not reduce the fair value of one or more of our reporting units below its carrying amount. In assessing the possibility that a reporting unit’s fair value has been reduced below its carrying amount due to the occurrence of events or circumstances between annual impairment testing dates, we consider all available evidence, including (i) the results of our impairment testing from the most recent testing date (in particular, the magnitude of the excess of fair value over carrying value observed), (ii) downward revisions to internal forecasts or decreases in market multiples (and the magnitude thereof), if any, and (iii) declines in our market capitalization below our book value (and the magnitude and duration of those declines), if any. In the first quarter of 2018 we did not identify any reporting units that required an interim impairment test. As of March 31, 2018, we believe goodwill is recoverable for all of our reporting units. However, the Power and Oil & Gas markets continue to be challenging and there can be no assurances that goodwill will not be impaired in future periods as a result of sustained declines in macroeconomic or business conditions affecting our reporting units. OTHER INTANGIBLE ASSETS OTHER INTANGIBLE ASSETS - NET (In millions) March 31, 2018 December 31, 2017 Intangible assets subject to amortization $ 18,412 $ 18,056 Indefinite-lived intangible assets(a) 2,249 2,217 Total $ 20,661 $ 20,273 (a) Indefinite-lived intangible assets principally comprise trademarks and in-process research and development. INTANGIBLE ASSETS SUBJECT TO AMORTIZATION March 31, 2018 December 31, 2017 (In millions) Gross carrying amount Accumulated amortization Net Gross carrying amount Accumulated amortization Net Customer-related(a) $ 10,844 $ (3,319 ) $ 7,528 $ 10,614 $ (3,095 ) $ 7,521 Patents and technology 10,906 (4,072 ) 6,834 10,271 (3,899 ) 6,372 Capitalized software 8,083 (5,054 ) 3,029 8,064 (4,974 ) 3,089 Trademarks 1,257 (475 ) 782 1,280 (421 ) 859 Lease valuations 161 (83 ) 79 170 (80 ) 89 All other 264 (102 ) 162 218 (92 ) 125 Total $ 31,516 $ (13,105 ) $ 18,412 $ 30,618 $ (12,561 ) $ 18,056 (a) Balance includes payments made to our customers, primarily within our Aviation business. Intangible assets subject to amortization increased by $ 356 million in the three months ended March 31, 2018 , primarily as a result of the acquisition of a technology intangible asset of $632 million at our Aviation business and currency effects of a stronger U.S. dollar partially offset by amortization . GE amortization expense related to intangible assets subject to amortization was $ 601 million and $ 519 million in the three months ended March 31, 2018 and 2017 , respectively. GE Capital amortization expense related to intangible assets subject to amortization was $ 12 million and $ 20 million in the three months ended March 31, 2018 and 2017 , respectively.

REVENUES

REVENUES	3 Months Ended
	Mar. 31, 2018
Revenue from Contract with Customer [Abstract]
REVENUES	NOTE 9. REVENUES REVENUES FROM THE SALE OF EQUIPMENT PERFORMANCE OBLIGATIONS SATISFIED OVER TIME We recognize revenue on agreements for the sale of customized goods including power generation equipment, nuclear fuel assemblies, larger oil drilling equipment projects, military development contracts, locomotive units, and long-term construction projects on an over time basis. We recognize revenue using percentage of completion based on costs incurred relative to total expected costs. Our estimate of costs to be incurred to fulfill our promise to a customer is based on our history of manufacturing or constructing similar assets for customers and is updated routinely to reflect changes in quantity or pricing of the inputs. We recognize revenue as we customize the customer's equipment during the manufacturing or integration process and obtain right to payment for work performed. We provide for potential losses on any of these agreements when it is probable that we will incur the loss. Our billing terms for these over-time contracts vary, but are generally based on achieving specified milestones. The differences between the timing of our revenue recognized (based on costs incurred) and customer billings (based on contractual terms) results in changes to our contract asset or contract liability positions (see Note 10 for further information). PERFORMANCE OBLIGATIONS SATISFIED AT A POINT IN TIME We recognize revenue on agreements for non-customized equipment including commercial aircraft engines, healthcare equipment, resource extraction equipment and other goods we manufacture on a standardized basis for sale to the market at a point in time. We recognize revenue at the point in time that the customer obtains control of the good, which is generally no earlier than when the customer has physical possession of the product. We use proof of delivery for certain large equipment with more complex logistics, whereas the delivery of other equipment is estimated based on historical averages of in-transit periods (i.e., time between shipment and delivery). In situations where arrangements include customer acceptance provisions based on seller or customer-specified objective criteria, we recognize revenue when we have concluded that the customer has control of the goods and that acceptance is likely to occur. We generally do not provide for anticipated losses on point in time transactions prior to transferring control of the equipment to the customer. Our billing terms for these point in time equipment contracts vary and generally coincide with delivery to the customer; however, within certain businesses, we receive progress payments from customers for large equipment purchases, which is generally to reserve production slots. REVENUES FROM THE SALE OF SERVICES Consistent with our discussion in the MD&A and the way we manage our businesses, we refer to sales under product services agreements and sales of both goods (such as spare parts and equipment upgrades) and related services (such as monitoring, maintenance and repairs) as sales of “services,” which is an important part of our operations. PERFORMANCE OBLIGATIONS SATISFIED OVER TIME We enter into long-term product service agreements with our customers primarily within our Aviation, Power, Oil & Gas and Transportation segments. These agreements require us to provide preventative maintenance, asset overhaul / updates, and standby "warranty-type" services that include certain levels of assurance regarding asset performance and uptime throughout the contract periods, which generally range from 5 to 25 years . We account for items that are integral to the maintenance of the equipment as part of our service related performance obligation, unless the customer has a substantive right to make a separate purchasing decision (e.g., equipment upgrade). We recognize revenue as we perform under the arrangements using percentage of completion based on costs incurred relative to total expected costs. Throughout the life of a contract, this measure of progress captures the nature, timing and extent of our underlying performance activities as our stand-ready services often fluctuate between routine inspections and maintenance, unscheduled service events and major overhauls at pre-determined usage intervals. Contract modifications that extend or revise contract terms are not uncommon and generally result in our recognizing the impact of the revised terms prospectively over the remaining life of the modified contract (i.e., effectively like a new contract). Our billing terms for these arrangements are generally based on the utilization of the asset (e.g., per hour of usage) or upon the occurrence of a major maintenance event within the contract, such as an overhaul. The differences between the timing of our revenue recognized (based on costs incurred) and customer billings (based on contractual terms) results in changes to our contract asset or contract liability positions (see Note 10 for further information). Changes in customer utilization can influence the timing and extent of overhauls and other service events over the life of the contract. As a result, the revenue recognized each period is dependent on our estimate of how customers will utilize their assets over the term of the agreement. We generally use a combination of both historical utilization trends as well as forward-looking information such as market conditions and potential asset retirements in developing our revenue estimates. This estimate of customer utilization will impact both the total contract billings and costs to satisfy our obligation to maintain the equipment. In developing our cost estimates, we utilize a combination of our historical cost experience and expected cost improvements. Cost improvements are generally only included in future cost estimates after savings have been observed in actual results or proven to be effective through an extensive regulatory engineering approval process. We also enter into long-term product services agreements in our Healthcare and Renewable Energy segments. Revenues are recognized for these arrangements on a straight line basis consistent with the nature, timing and extent of our services, which primarily relate to ongoing maintenance and as needed product repairs. Our billing terms for these contracts vary, but we generally invoice periodically as services are provided. PERFORMANCE OBLIGATIONS SATISFIED AT A POINT IN TIME We sell certain tangible products, largely spare equipment, through our services businesses. We recognize revenues and bill our customers for this equipment at the point in time that the customer obtains control of the good, which is at the point in time we deliver the spare part to the customer. DISAGGREGATED REVENUES EQUIPMENT & SERVICES REVENUES(a) Three months ended March 31 (In millions) 2018 2017 Equipment Revenues Services Revenues Total Revenues Equipment Revenues Services Revenues Total Revenues Power $ 3,524 $ 3,698 $ 7,222 $ 4,186 $ 3,755 $ 7,940 Renewable Energy 1,204 442 1,646 1,506 261 1,767 Oil & Gas 2,229 3,156 5,385 1,291 1,795 3,086 Aviation 2,539 4,573 7,112 2,599 4,074 6,673 Healthcare 2,607 2,095 4,702 2,323 1,982 4,305 Transportation 266 606 872 498 481 979 Lighting 444 12 456 450 13 462 Total Industrial Segment Revenues $ 12,813 $ 14,582 $ 27,395 $ 12,853 $ 12,360 $ 25,213 (a) Revenues classification consistent with our MD&A defined Services revenue SUB-SEGMENT REVENUES Three months ended March 31 (In millions) 2018 2017 Power Gas Power Systems $ 1,535 $ 2,104 Power Services 2,832 2,608 Steam Power Systems 459 375 Energy Connections 2,216 2,199 Other 181 654 Power Revenues $ 7,222 $ 7,940 Renewable Energy Onshore Wind $ 1,260 $ 1,545 Hydro 233 187 Offshore Wind 152 36 Renewable Energy Revenues $ 1,646 $ 1,767 Oil & Gas Turbomachinery & Process Solutions (TPS) $ 1,447 $ 1,663 Oilfield Services (OFS) 2,678 212 Oilfield Equipment (OFE) 664 716 Digital Solutions 596 494 Oil & Gas Revenues $ 5,385 $ 3,086 Aviation Commercial Engines & Services $ 5,272 $ 4,970 Military 971 929 Systems & Other 870 773 Aviation Revenues $ 7,112 $ 6,673 Healthcare Healthcare Systems $ 3,330 $ 3,031 Life Sciences 1,125 1,013 Healthcare Digital 246 261 Healthcare Revenues $ 4,702 $ 4,305 Transportation Locomotives $ 171 $ 455 Services 506 406 Mining 116 47 Other 80 72 Transportation Revenues $ 872 $ 979 Lighting Current $ 216 $ 233 GE Lighting 240 230 Lighting Revenues $ 456 $ 462 Total Industrial Segment Revenues $ 27,395 $ 25,213 Capital Revenues (a) 2,173 2,681 Corporate items and eliminations (908 ) (1,013 ) Consolidated Revenues (a) $ 28,660 $ 26,881 (a) Includes $2,117 million and $2,621 million of revenues at GE Capital outside of the scope of ASC 606 for the three months ended March 31, 2018 and 2017, respectively. REMAINING PERFORMANCE OBLIGATION As of March 31, 2018, the aggregate amount of the contracted revenues allocated to our unsatisfied (or partially unsatisfied) performance obligations was $252,523 million . We expect to recognize revenue as we satisfy our remaining performance obligations as follows: • Equipment - total remaining performance obligation of $53,680 million of which 55% , 75% and 96% is expected to be satisfied within 1 , 2 and 5 years , respectively, and the remaining thereafter. • Service - total remaining performance obligation of $198,843 million of which 17% , 56% , 78% and 90% is expected to be recognized within 1 , 5 , 10 and 15 years , respectively, and the remaining thereafter. • Contract modifications could affect both the timing to complete as well as the amount to be received as we fulfill the related remaining performance obligations.

CONTRACT & OTHER DEFERRED ASSET

CONTRACT & OTHER DEFERRED ASSETS AND PROGRESS COLLECTIONS & DEFERRED INCOME	3 Months Ended
	Mar. 31, 2018
Contractors [Abstract]
CONTRACT & OTHER DEFERRED ASSETS AND PROGRESS COLLECTIONS & DEFERRED INCOME	NOTE 10. CONTRACT & OTHER DEFERRED ASSETS AND PROGRESS COLLECTIONS & DEFERRED INCOME March 31, 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) $ 3,359 $ 2,795 $ 520 $ — $ 450 $ — $ 7,124 Equipment contract revenues(c) 4,745 418 1,108 344 132 526 7,272 Total contract assets 8,104 3,213 1,628 344 582 526 14,396 Deferred inventory costs(d) 1,090 563 208 1,008 40 331 3,240 Nonrecurring engineering costs(e) 147 1,765 — — 95 — 2,007 Customer advances and other 1 1,095 — 19 1 20 1,136 Contract and other deferred assets $ 9,343 $ 6,635 $ 1,836 $ 1,371 $ 718 $ 877 $ 20,780 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 $5,098 million and $5,498 million at March 31, 2018 and December 31, 2017, respectively. (c) Included in this balance are amounts due from customers for the sale of equipment 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 $751 million and $748 million , as of March 31, 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. Contract and other deferred assets increased $424 million in 2018, which was primarily driven by a change in estimated profitability of $178 million within our long-term product service agreements primarily within Aviation ( $81 million ) and Power ( $74 million ). In addition, our equipment related contract assets increased $398 million , primarily within Healthcare ( $158 million ), Aviation $( 138 million ) and Transportation ( $56 million ) due to the timing of revenue recognized for work performed relative to the timing of billings. In addition, non-recurring engineering costs increased $102 million primarily within Aviation ( $69 million ) while deferred inventory costs decreased $390 million within Power ( $214 million ) and Oil & Gas ( $201 million ). PROGRESS COLLECTIONS & DEFERRED INCOME (In millions) March 31, 2018 December 31, 2017 GE Contract Liabilities Progress collections $ 18,290 $ 18,310 Deferred income 3,917 3,911 Total progress collections & deferred income $ 22,207 $ 22,221 Revenues recognized for balances that were included in our contract liabilities at the beginning of the period was $5,747 million and $6,254 million for the three months ended March 31, 2018 and 2017, respectively .

BORROWINGS

BORROWINGS	3 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
BORROWINGS	NOTE 11. BORROWINGS (In millions) March 31, 2018 December 31, 2017 Short-term borrowings GE Commercial paper $ 3,005 $ 3,000 Current portion of long-term borrowings 7,801 9,452 Other 1,809 2,095 Total GE short-term borrowings 12,615 14,548 GE Capital Commercial paper 3,949 5,013 Current portion of long-term borrowings(a) 3,776 5,781 Intercompany payable to GE 7,405 8,310 Other 473 497 Total GE Capital short-term borrowings 15,603 19,602 Eliminations (8,847 ) (10,114 ) Total short-term borrowings $ 19,371 $ 24,036 Long-term borrowings GE Senior notes(b) $ 60,496 $ 62,724 Subordinated notes 2,984 2,913 Other 1,312 1,403 Total GE long-term borrowings 64,792 67,040 GE Capital Senior notes 39,580 40,754 Subordinated notes 191 208 Intercompany payable to GE(c) 28,497 31,533 Other(a) 1,078 1,118 Total GE Capital long-term borrowings 69,346 73,614 Eliminations(c) (29,004 ) (32,079 ) Total long-term borrowings $ 105,134 $ 108,575 Non-recourse borrowings of consolidated securitization entities(d) $ 1,335 $ 1,980 Total borrowings $ 125,839 $ 134,591 (a) Included $257 million and $1,078 million of short- and long-term borrowings, respectively, at March 31, 2018 and $348 million and $1,118 million of short- and long-term borrowings, respectively, at December 31, 2017 , of funding secured by aircraft and other collateral. Of this, $341 million and $458 million is non-recourse to GE Capital at March 31, 2018 and December 31, 2017 , respectively. (b) Included $6,197 million and $6,206 million of BHGE senior notes at March 31, 2018 and December 31, 2017 , respectively. Total BHGE borrowings were $6,480 million and $7,225 million at March 31, 2018 and December 31, 2017 , respectively. (c) Included a reduction of $7,556 million and $7,271 million for long-term intercompany loans from GE Capital to GE at March 31, 2018 and December 31, 2017 , respectively, which bear the right of offset against amounts owed under the assumed debt agreement. Excluding intercompany loans, total long-term assumed debt was $36,054 million and $38,804 million at March 31, 2018 and December 31, 2017 , respectively. The $7,556 million of intercompany loans collectively have a weighted average interest rate of 3.6% and term of approximately 15 years. (d) Included $363 million and $621 million of current portion of long-term borrowings at March 31, 2018 and December 31, 2017 , respectively. See Note 17 for further information. On April 10, 2015, GE provided a full and unconditional guarantee on the payment of the principal and interest on all tradable senior and subordinated outstanding long-term debt securities and all commercial paper issued or guaranteed by GE Capital. At March 31, 2018 , the Guarantee applies to $41,318 million of GE Capital debt. See Note 17 for further information about borrowings and associated interest rate swaps.

INVESTMENT CONTRACTS, INSURANCE

INVESTMENT CONTRACTS, INSURANCE LIABILITIES AND INSURANCE ANNUITY BENEFITS	3 Months Ended
	Mar. 31, 2018
Insurance [Abstract]
INVESTMENT CONTRACTS, INSURANCE LIABILITIES AND INSURANCE ANNUITY BENEFITS	NOTE 12. INVESTMENT CONTRACTS, INSURANCE LIABILITIES AND INSURANCE ANNUITY BENEFITS Insurance and investment contract liabilities comprise mainly obligations to policyholders and annuitants in our run-off insurance activities. (In millions) March 31, 2018 December 31, 2017 Future policy benefit reserves Long-term care insurance contracts $ 16,438 $ 16,522 Structured settlement annuities with life contingencies and other contracts 9,524 9,448 Shadow adjustments(a) 3,371 4,582 29,333 30,552 Investment contracts 2,520 2,569 Claim reserves(b) 5,126 5,094 Unearned premiums and other 473 372 37,453 38,587 Eliminations (564 ) (451 ) Total $ 36,889 $ 38,136 (a) To the extent that unrealized gains on debt securities supporting our insurance contracts would result in a premium deficiency should those gains be realized, an increase in future policy benefit reserves is recorded, with an offsetting amount recorded in Other comprehensive income, net of taxes. (b) Includes $3,665 million and $3,590 million related to long term-care insurance contracts and $351 million and $364 million related to short-duration contracts, net of eliminations, at March 31, 2018 and December 31, 2017, respectively. During 2017, in response to elevated claim experience for a portion of our long-term care insurance contracts that was most pronounced for policyholders with higher attained ages, we initiated a comprehensive review of premium deficiency assumptions across all insurance products, which included reconstructing our future claim cost assumptions for long-term care contracts utilizing trends observed in our emerging experience for older claimant ages and later duration policies. Certain of our long-term care policyholders only recently started to reach the prime claim paying period and our new claim cost assumptions considered the emerging credibility of this claim data. In addition to the adverse impact from the increased expected future claim cost assumptions over a long-term horizon, our premium deficiency assumptions considered mortality, length of time a policy will remain in force and both near-term and longer-term investment return expectations. Future investment yields estimated in 2017 were lower than in previous premium deficiency tests, primarily due to the effect of near term yields on approximately $14.5 billion of future expected capital contributions. The indicated premium deficiency resulted in a $9,481 million pre-tax charge to earnings in the fourth quarter of 2017. In response to the premium deficiency, our future policy benefit reserves at December 31, 2017 were unlocked and updated to reflect our most recent assumptions. Our future policy benefit reserves are subject to premium deficiency testing at least annually, which we expect to perform in the second half of the year. Any future adverse changes in our assumptions could result in an increase to future policy benefit reserves. Any favorable changes to these assumptions could result in additional margin in our premium deficiency test and higher income over the remaining duration of the portfolio, including higher investment income. Claim reserves included incurred claims of $492 million for both the three months ended March 31, 2018 and 2017, of which $1 million and $31 million related to the recognition of adjustments to prior year claim reserves arising from our periodic reserve evaluation, in the three months ended March 31, 2018 and 2017, respectively. Paid claims were $484 million and $428 million in the three months ended March 31, 2018 and 2017, respectively. The vast majority of paid claims relate to prior year insured events primarily as a result of the length of time long-term care policyholders remain on claim. When insurance companies cede insurance risk to third parties, such as reinsurers, they are not relieved of their primary obligation to policyholders and cedents. When losses on ceded risks give rise to claims for recovery, we establish allowances for probable losses on such receivables from reinsurers as required. Reinsurance recoverables, net are included in the caption “Other GE Capital receivables” on our consolidated Statement of Financial Position, and amounted to $2,450 million and included $757 million related to ceded claim reserves at March 31, 2018. Reinsurance recoverables amounted to $2,458 million and included $733 million related to ceded claim reserves at December 31, 2017. The vast majority of our remaining net reinsurance recoverables are secured by assets held in a trust for which we are the beneficiary. We recognize reinsurance recoveries as a reduction of the consolidated Statement of Earnings (Loss) caption “Investment contracts, insurance losses and insurance annuity benefits.” Reinsurance recoveries were $61 million and $126 million in the three months ended March 31, 2018 and 2017, respectively. Our run-off insurance subsidiaries are required to prepare statutory financial statements in accordance with statutory accounting practices that differ in certain respects from GAAP. Statutory accounting practices are set forth by the National Association of Insurance Commissioners as well as state laws, regulation and general administrative rules. In the fourth quarter of 2017 we recorded a premium deficiency pre-tax charge to earnings of $9,481 million on a GAAP basis. For statutory accounting purposes, the Kansas Insurance Department approved our request for a permitted statutory accounting practice to recognize the reserve increase over a seven -year period. As a result, GE Capital contributed capital to its insurance subsidiaries of $3.5 billion in the first quarter of 2018 and expects to contribute approximately an additional $11 billion through 2024 subject to ongoing monitoring by the Kansas Insurance Department. GE is required to maintain specified capital levels at these insurance subsidiaries under capital maintenance agreements.

POSTRETIREMENT BENEFIT PLANS

POSTRETIREMENT BENEFIT PLANS	3 Months Ended
	Mar. 31, 2018
Retirement Benefits [Abstract]
POSTRETIREMENT BENEFIT PLANS	NOTE 13. POSTRETIREMENT BENEFIT PLANS We sponsor a number of pension and retiree health and life insurance benefit plans. Principal pension plans are the GE Pension Plan and the GE Supplementary Pension Plan. Principal retiree benefit plans provide health and life insurance benefits to certain eligible participants and these participants share in the cost of the healthcare benefits. Other pension plans include the U.S. and non-U.S. pension plans with pension assets or obligations greater than $50 million . Smaller pension plans and other retiree benefit plans are not material individually or in the aggregate. EFFECT ON OPERATIONS OF PENSION PLANS Principal pension plans Three months ended March 31 (In millions) 2018 2017 Service cost for benefits earned $ 232 $ 289 Prior service cost amortization 36 73 Expected return on plan assets (820 ) (849 ) Interest cost on benefit obligations 666 717 Net actuarial loss amortization 951 710 Curtailment loss — 43 (a) Pension plans cost $ 1,065 $ 983 (a) Curtailment loss resulting from our intent to sell the Industrial Solutions business within our Power segment. Other pension plans Three months ended March 31 (In millions) 2018 2017 Service cost for benefits earned $ 95 $ 151 Prior service credit amortization — (1 ) Expected return on plan assets (358 ) (294 ) Interest cost on benefit obligations 156 142 Net actuarial loss amortization 82 103 Pension plans cost (income) $ (25 ) $ 101 EFFECT ON OPERATIONS OF PRINCIPAL RETIREE BENEFIT PLANS Principal retiree benefit plans Three months ended March 31 (In millions) 2018 2017 Service cost for benefits earned $ 13 $ 26 Prior service credit amortization (56 ) (43 ) Expected return on plan assets (7 ) (9 ) Interest cost on benefit obligations 49 57 Net actuarial gain amortization (20 ) (21 ) Curtailment loss — 3 (a) Retiree benefit plans cost (income) $ (21 ) $ 13 (a) Curtailment loss resulting from our intent to sell the Industrial Solutions business within our Power segment. The components of net periodic benefit costs other than the service cost component are included in the line item "non-operating benefit costs" in our consolidated Statement of Earnings (Loss).

INCOME TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2018
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 14. INCOME TAXES Our consolidated effective income tax rates were (6.5)% and 198.1% during the three months ended March 31, 2018 and 2017, respectively. The rate for 2018 benefited from U.S. business credits and as described below, an adjustment for Baker Hughes related to the provisional estimate of the impact of enactment of tax reform and an adjustment to decrease the 2018 three-month tax rate to be in line with the lower expected full-year rate partially offset by the cost of the newly enacted base erosion and global intangible income provisions in excess of the benefit from other global activities. The rate for 2017 benefited from the tax difference on global activities and U.S. business credits partially offset by an adjustment to increase the 2017 three-month tax rate to be in line with the higher expected full-year rate. On December 22, 2017, the U.S. enacted legislation commonly known as the Tax Cuts and Jobs Act (“U.S. tax reform”) that lowered the statutory tax rate on U.S. earnings to 21%, taxes historic foreign earnings at a reduced rate of tax, establishes a territorial tax system and enacts new taxes associated with global operations. The impact of enactment of U.S. tax reform has been recorded on a provisional basis as the legislation provides for additional guidance to be issued by the U.S. Department of the Treasury on several provisions including the computation of the transition tax. Guidance during 2018 could impact the information required for and the calculation of the transition tax charge and could affect decisions that affect the tax on various U.S. and foreign items, which would further impact the final amounts included in the transition charge and impact the revaluation of deferred taxes. In addition, analysis performed and conclusions reached as part of the tax return filing process and additional guidance on accounting for U.S. tax reform could affect the provisional amount. Additionally, as part of tax reform, the U.S. has enacted a minimum tax on foreign earnings (“global intangible low tax income”). We have not made an accounting policy election on the deferred tax treatment and, consequently, we have not made an accrual for the deferred tax aspects of this provision. With the enactment of U.S. tax reform, we recorded, for the period ending December 31, 2017, tax expense of $4,512 million to reflect our provisional estimate of both the transition tax on historic foreign earnings ( $1,155 million including $2,925 million at GE and $(1,770) million at GE Capital) and the revaluation of deferred taxes ( $3,357 million including $1,980 million at GE and $1,377 million at GE Capital). We have not significantly adjusted our provisional estimate during the first quarter of 2018 as we continue to analyze information related to our operations as well as new guidance and other aspects of the enacted provisions. However, there were discrete changes in the provisional estimate of the change in tax rate on deferred taxes identified at Baker Hughes in connection with the measurement period adjustments to purchase price allocation that reduced the provisional amounts recorded by $103 million in the quarter. Of this benefit, $134 million relates to non-consolidated operations and did not affect net earnings attributable to the company as there is an offsetting adjustment in income from noncontrolling interests. The cost of $31 million relates to the revaluation of deferred taxes corresponding to measurement period adjustments to the purchase price allocation for the Baker Hughes acquisition. Tax laws are complex and subject to different interpretations by the taxpayer and respective governmental taxing authorities. Significant judgment is required in determining our tax expense and in evaluating our tax positions. We assess our income tax positions and record tax benefits for all years subject to examination based upon management’s evaluation of the facts, circumstances, and information available at the reporting date. UNRECOGNIZED TAX BENEFITS (In millions) March 31, 2018 December 31, 2017 Unrecognized tax benefits $ 5,403 $ 5,449 Portion that, if recognized, would reduce tax expense and effective tax rate(a) 3,676 3,626 Accrued interest on unrecognized tax benefits 853 810 Accrued penalties on unrecognized tax benefits 198 158 Reasonably possible reduction to the balance of unrecognized tax benefits in succeeding 12 months 0-1,300 0-1,100 Portion that, if recognized, would reduce tax expense and effective tax rate(a) 0-1,100 0-900 (a) Some portion of such reduction may be reported as discontinued operations. The Internal Revenue Service (IRS) is currently auditing our consolidated U.S. income tax returns for 2012 - 2013 and has begun the audit for 2014-2015. In addition, certain other U.S. tax deficiency issues and refund claims for previous years are still unresolved. It is reasonably possible that a portion of the unresolved items could be resolved during the next 12 months, which could result in a decrease in our balance of "unrecognized tax benefits" - that is, the aggregate tax effect of differences between tax return positions and the benefits recognized in our financial statements. We believe that there are no other jurisdictions in which the outcome of unresolved issues or claims is likely to be material to our results of operations, financial position or cash flows. We further believe that we have made adequate provision for all income tax uncertainties.

SHAREOWNERS_ EQUITY

SHAREOWNERS’ EQUITY	3 Months Ended
	Mar. 31, 2018
Equity [Abstract]
SHAREOWNERS’ EQUITY	NOTE 15. SHAREOWNERS’ EQUITY Three months ended March 31 (In millions) 2018 2017 Preferred stock issued $ 6 $ 6 Common stock issued $ 702 $ 702 Accumulated other comprehensive income (loss) Balance at January 1 $ (14,404 ) $ (18,588 ) Other comprehensive income (loss) before reclassifications Investment securities - net of deferred taxes of $65 and $13(a) 109 18 Currency translation adjustments (CTA) - net of deferred taxes of $(149) and $(33) 832 258 Cash flow hedges - net of deferred taxes of $31 and $5 105 20 Benefit plans - net of deferred taxes of $(1) and $101 (58 ) 474 Total $ 988 $ 770 Reclassifications from other comprehensive income Investment securities - net of deferred taxes of $(2) and $(36)(b) (10 ) (69 ) Currency translation gains (losses) on dispositions - net of deferred taxes of zero and $(540)(b) (2 ) 554 Cash flow hedges - net of deferred taxes of $(15) and $1(c) (50 ) — Benefit plans - net of deferred taxes of $218 and $288(d) 775 574 Total $ 713 $ 1,059 Other comprehensive income (loss) 1,702 1,828 Less other comprehensive income (loss) attributable to noncontrolling interests 160 6 Other comprehensive income (loss), net, attributable to GE $ 1,542 $ 1,822 Ending Balance $ (12,862 ) $ (16,766 ) Other capital Balance at January 1 $ 37,384 $ 37,224 Gains (losses) on treasury stock dispositions and other (45 ) 224 Ending Balance $ 37,339 $ 37,448 Retained earnings Balance at January 1(e) $ 117,245 $ 133,856 Net earnings (loss) attributable to the Company (1,147 ) (83 ) Dividends and other transactions with shareowners (1,078 ) (2,128 ) Redemption value adjustment on redeemable noncontrolling interests(f) (44 ) (101 ) Other changes(g) 500 — Ending Balance $ 115,477 $ 131,544 Common stock held in treasury Balance at January 1 $ (84,902 ) $ (83,038 ) Purchases (85 ) (2,359 ) Dispositions 290 564 Ending Balance $ (84,697 ) $ (84,833 ) Total equity GE shareowners' equity balance $ 55,965 $ 68,100 Noncontrolling interests balance 17,228 1,639 Total equity balance at March 31 $ 73,193 $ 69,740 (a) Included adjustments of $938 million and $(99) million for the three months ended March 31, 2018 and 2017, respectively, to investment contracts, insurance liabilities and annuity benefits in our run-off insurance operations to reflect the effects that would have been recognized had the related unrealized investment securities holding gains been realized. See Note 12 for further information. (b) Recorded in total revenues and other income and income taxes in benefit (provision) for income taxes in the Statement of Earnings (Loss). Currency translation gains (losses) on dispositions included zero and $510 million million for the three months ended March 31, 2018 and 2017, respectively, in earnings (loss) from discontinued operations, net of taxes. (c) Cash flow hedges primarily includes impact of foreign exchange contracts and gains (losses) on interest rate derivatives, primarily recorded in GE Capital revenue from services, interest and other financial charges and other costs and expenses. See Note 17 for further information. (d) Primarily includes amortization of actuarial gains (losses), amortization of prior service cost and curtailment gain (loss). These components are included in the computation of net periodic pension cost. See Note 13 for further information. (e) Amount has been adjusted to reflect retrospective adoption of ASC 606 ( $8,061 million ) and preferable accounting change from LIFO to FIFO ( $377 million ). (f) Amount of redemption value adjustment on redeemable noncontrolling interest shown net of deferred taxes. (g) On January 1, 2018, we adopted several new accounting standards on a modified retrospective basis. Cumulative impact of these changes was recorded in the opening retained earnings and it increased our retained earnings by $500 million , primarily due to an increase of $464 million related to ASU 2016-16. See Note 1 for further information. SHARES OF GE PREFERRED STOCK On January 20, 2016, we issued $5,694 million of GE Series D preferred stock following an exchange offer for existing GE series A, B and C. The Series D preferred stock bear a fixed interest rate of 5.00% through January 21, 2021 and floating rate equal to three-month LIBOR plus 3.33% thereafter. The Series D preferred stock are callable on January 21, 2021. Following the exchange offer, $250 million of GE Series A, B and C preferred stock still remain outstanding with an initial average fixed dividend rate of 4.07% . The total carrying value of GE preferred stock at March 31, 2018 was $5,461 million and will increase to $5,944 million through periodic accretion. Dividends on GE preferred stock are payable semi-annually, in June and December and accretion is recorded on a quarterly basis. Dividends on GE preferred stock for accretion totaled $37 million and $34 million for the three months ended March 31, 2018 and 2017, respectively. In conjunction with the 2016 exchange of the GE Capital preferred stock into GE preferred stock and the exchange of Series A, B and C preferred stock into Series D preferred stock, GE Capital issued preferred stock to GE for which the amount and terms mirror the GE preferred stock held by external investors ( $5,461 million carrying value at March 31, 2018). NONCONTROLLING INTERESTS Noncontrolling interests in equity of consolidated affiliates include common shares in consolidated affiliates and preferred stock issued by our affiliates. CHANGES TO NONCONTROLLING INTERESTS Three months ended March 31 (In millions) 2018 2017 Balance at January 1 $ 17,468 $ 1,663 Net earnings (loss) 67 5 Dividends (83 ) (9 ) Other(a) (224 ) (20 ) Ending balance at March 31 $ 17,228 $ 1,639 (a) Includes impact of AOCI, acquisitions, dispositions and BHGE stock repurchases. REDEEMABLE NONCONTROLLING INTERESTS Redeemable noncontrolling interests presented in our Statement of Financial Position include common shares issued by our affiliates that are redeemable at the option of the holder of those interests. As part of the Alstom acquisition in 2015, we formed three joint ventures in grid technology, renewable energy, and global nuclear and French steam power. Noncontrolling interests in these joint ventures hold certain redemption rights. Our retained earnings is adjusted for subsequent changes in the redemption value of the noncontrolling interest in these entities to the extent that the redemption value exceeds the carrying amount of the noncontrolling interest. Alstom holds redemption rights with respect to its interest in the grid technology and renewable energy joint ventures, which, if exercised, would require us to purchase all of their interest during September 2018 or September 2019. Alstom also holds similar redemption rights for the global nuclear and French steam power joint venture that are exercisable during the first quarter of 2021 or the first quarter of 2022. The redemption price would generally be equal to Alstom's initial investment plus annual accretion of 3% for the grid technology and renewable energy joint ventures and plus annual accretion of 2% for the nuclear and French steam power joint venture, with potential upside sharing based on an EBITDA multiple. Alstom also holds additional redemption rights in other limited circumstances as well as a call option to require GE to sell all of its interests in the renewable energy joint venture at the higher of fair value or Alstom's initial investment plus annual accretion of 3% during the month of May in the years 2017 through 2019 and also upon a decision to IPO the joint venture. In January 2018, Alstom informed us that they intend to exercise their redemption rights with respect to the grid technology and renewable energy joint ventures in September 2018. The minimum price that GE would be required to pay, pursuant to the agreements, to purchase Alstom’s interest at that time would be a net amount of €1,828 million for the grid technology joint venture and €636 million for the renewable energy joint venture. Alstom has also informed us that they intend to exercise their redemption rights with respect to the global nuclear and French steam power joint venture in the first quarter of 2021. GE holds a call option on Alstom's interest in the global nuclear and French steam power joint venture at the same amount as Alstom's redemption price in the event that Alstom exercises its put option in the grid technology or renewable energy joint ventures. GE also has call options on Alstom's interest in the three joint ventures in other limited circumstances. In addition, the French Government holds a preferred interest in the global nuclear and French steam power joint venture, giving it certain protective rights. CHANGES TO REDEEMABLE NONCONTROLLING INTERESTS Three months ended March 31 (In millions) 2018 2017 Balance at January 1 $ 3,391 $ 3,017 Net earnings (loss) (33 ) (109 ) Dividends (13 ) (10 ) Redemption value adjustment 65 101 Other 139 47 Balance at March 31(a) $ 3,549 $ 3,046 (a) Included $3,208 million and $2,760 million related to the Alstom joint ventures at March 31, 2018 and 2017, respectively. OTHER Common dividends from GE Capital to GE were zero and $2,000 million in the three months ended March 31, 2018 and 2017, respectively.

EARNINGS PER SHARE INFORMATION

EARNINGS PER SHARE INFORMATION	3 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
EARNINGS PER SHARE INFORMATION	NOTE 16. EARNINGS PER SHARE INFORMATION Three months ended March 31 2018 2017 (In millions; per-share amounts in dollars) Diluted Basic Diluted Basic Amounts attributable to the Company: Consolidated Earnings from continuing operations for per-share calculation(a)(b) $ 401 $ 401 $ 150 $ 150 Preferred stock dividends (37 ) (37 ) (34 ) (34 ) Earnings from continuing operations attributable to common shareowners for per-share calculation(a)(b) $ 364 $ 364 $ 116 $ 116 Loss from discontinued operations for per-share calculation(a)(b) (1,556 ) (1,556 ) (243 ) (243 ) Net earnings attributable to GE common shareowners for per-share calculation(a)(b) $ (1,189 ) $ (1,189 ) $ (123 ) $ (123 ) Average equivalent shares Shares of GE common stock outstanding 8,683 8,683 8,714 8,714 Employee compensation-related shares (including stock options) 13 — 98 — Total average equivalent shares 8,696 8,683 8,811 8,714 Per-share amounts Earnings from continuing operations $ 0.04 $ 0.04 $ 0.01 $ 0.01 Loss from discontinued operations (0.18 ) (0.18 ) (0.03 ) (0.03 ) Net earnings (0.14 ) (0.14 ) (0.01 ) (0.01 ) (a) Our unvested restricted stock unit awards that contain non-forfeitable rights to dividends or dividend equivalents are considered participating securities. For the three months ended March 31, 2018 and 2017, pursuant to the two-class method, as a result of excess dividends in respect to the current period earnings, losses were not allocated to the participating securities. (b) Included an insignificant amount of dividend equivalents in each of the periods presented. F or the three months ended March 31, 2018 and 2017 , approximately 395 million and 15 million of outstanding stock awards were not included in the computation of diluted earnings per share because their effect was antidilutive. Earnings per share amounts are computed independently for earnings from continuing operations, loss from discontinued operations and net earnings. As a result, the sum of per-share amounts from continuing operations and discontinued operations may not equal the total per-share amounts for net earnings.

FINANCIAL INSTRUMENTS

FINANCIAL INSTRUMENTS	3 Months Ended
	Mar. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
FINANCIAL INSTRUMENTS	NOTE 17. FINANCIAL INSTRUMENTS The following table provides information about assets and liabilities not carried at fair value. The table excludes finance leases, equity investments without readily determinable fair value and non-financial assets and liabilities. Substantially all of the assets discussed below are considered to be Level 3. The vast majority of our liabilities’ fair value can be determined based on significant observable inputs and thus considered Level 2. Few of the instruments are actively traded and their fair values must often be determined using financial models. Realization of the fair value of these instruments depends upon market forces beyond our control, including marketplace liquidity. March 31, 2018 December 31, 2017 (In millions) Carrying Estimated Carrying Estimated GE Assets Notes receivable $ 798 $ 798 $ 700 $ 700 Liabilities Borrowings(a)(b) 33,948 33,750 34,473 35,416 Borrowings (debt assumed)(a)(c) 43,459 47,600 47,114 53,502 GE Capital Assets Loans 15,734 15,673 17,363 17,331 Other commercial mortgages 1,497 1,553 1,489 1,566 Loans held for sale 3,145 3,145 3,274 3,274 Liabilities Borrowings(a)(d)(e)(f) 50,381 52,974 55,353 60,415 Investment contracts 2,521 2,851 2,569 2,996 (a) See Note 11. (b) Included $ 286 million and $ 217 million of accrued interest in estimated fair value at March 31, 2018 and December 31, 2017 , respectively. (c) Included $ 522 million and $ 696 million of accrued interest in estimated fair value at March 31, 2018 and December 31, 2017 , respectively. (d) Fair values exclude interest rate and currency derivatives designated as hedges of borrowings. Had they been included, the fair value of borrowings at March 31, 2018 and December 31, 2017 would have been reduced by $ 1,565 million and $ 1,754 million, respectively. (e) Included $ 587 million and $ 731 million of accrued interest in estimated fair value at March 31, 2018 and December 31, 2017 , respectively. (f) Excluded $ 35,903 million and $ 39,844 million of net intercompany payable to GE at March 31, 2018 and December 31, 2017 , respectively. NOTIONAL AMOUNTS OF LOAN COMMITMENTS (In millions) March 31, 2018 December 31, 2017 Ordinary course of business lending commitments(a) $ 1,076 $ 1,105 Unused revolving credit lines 158 198 (a) Excluded investment commitments of $ 653 million and $ 677 million at March 31, 2018 and December 31, 2017 , respectively. DERIVATIVES AND HEDGING FORMS OF HEDGING In this section we explain the hedging methods we use and their effects on our financial statements. Cash flow hedges – We use cash flow hedging primarily to reduce or eliminate the effects of foreign exchange rate changes on purchase and sale contracts in our industrial businesses and to convert foreign currency debt that we have issued in our financial services business back to our functional currency. As part of our ongoing effort to reduce borrowings, we may repurchase debt that was in a cash flow hedge accounting relationship. At the time of determining that the debt cash flows are probable of not occurring any related OCI will be released to earnings. Fair value hedges – These derivatives are used to hedge the effects of interest rate and currency exchange rate changes on debt that we have issued. Net investment hedges – We invest in foreign operations that conduct their financial services activities in currencies other than the U.S. dollar. We hedge the currency risk associated with those investments primarily using non-derivative instruments such as debt denominated in a foreign currency and short-term currency exchange contracts under which we receive U.S. dollars and pay foreign currency. Economic Hedges - These derivatives are not designated as hedges from an accounting standpoint (and therefore we do not apply hedge accounting to the relationship) but otherwise serve the same economic purpose as other hedging arrangements. We use economic hedges when we have exposures to currency exchange risk for which we are unable to meet the requirements for hedge accounting or when changes in the carrying amount of the hedged item are already recorded in earnings in the same period as the derivative making hedge accounting unnecessary. Even though the derivative is an effective economic hedge, there may be a net effect on earnings in each period due to differences in the timing of earnings recognition between the derivative and the hedged item. NOTIONAL AMOUNT OF DERIVATIVES The notional amount of a derivative is the number of units of the underlying (for example, the notional principal amount of the debt in an interest rate swap). The notional amount is used to compute interest or other payment streams to be made under the contract and is a measure of our level of activity. We generally disclose derivative notional amounts on a gross basis. The majority of the outstanding notional amount of $161 billion at March 31, 2018 is related to managing interest rate and currency risk between financial assets and liabilities in our financial services business. The remaining derivative notional amount primarily relates to hedges of anticipated sales and purchases in foreign currency, commodity purchases and contractual terms in contracts that are considered embedded derivatives. The table below provides additional information about how derivatives are reflected in our financial statements. Derivative assets and liabilities are recorded at fair value exclusive of interest earned or owed on interest rate derivatives, which is presented separately on our Statement of Financial Position. Cash collateral and securities held as collateral represent assets that have been provided by our derivative counterparties as security for amounts they owe us (derivatives that are in an asset position). FAIR VALUE OF DERIVATIVES March 31, 2018 December 31, 2017 (In millions) Assets Liabilities Assets Liabilities Derivatives accounted for as hedges Interest rate contracts $ 1,619 $ 208 $ 1,862 $ 148 Currency exchange contracts 329 71 160 70 1,948 279 2,021 218 Derivatives not accounted for as hedges Interest rate contracts 39 10 93 8 Currency exchange contracts 1,264 1,658 1,111 2,043 Other contracts 89 127 139 91 1,392 1,795 1,343 2,143 Gross derivatives recognized in statement of financial position Gross derivatives 3,340 2,074 3,364 2,361 Gross accrued interest 231 (26 ) 469 (38 ) 3,571 2,048 3,833 2,323 Amounts offset in statement of financial position Netting adjustments(a) (1,534 ) (1,536 ) (1,457 ) (1,456 ) Cash collateral(b) (1,329 ) (155 ) (1,529 ) (578 ) (2,863 ) (1,691 ) (2,986 ) (2,034 ) Net derivatives recognized in statement of financial position Net derivatives 708 357 847 289 Amounts not offset in statement of financial position Securities held as collateral(c) (350 ) — (405 ) — Net amount $ 358 $ 357 $ 441 $ 289 Derivatives are classified in the captions "All other assets" and "All other liabilities" and the related accrued interest is classified in "Other GE Capital receivables" and "All other liabilities" in our Statement of Financial Position. (a) The netting of derivative receivables and payables is permitted when a legally enforceable master netting agreement exists. Amounts include fair value adjustments related to our own and counterparty non-performance risk. At March 31, 2018 and December 31, 2017 , the cumulative adjustment for non-performance risk was $1 million and $(1) million , respectively. (b) Excluded excess cash collateral received and posted of $103 million and $432 million at March 31, 2018 , respectively, and $10 million and $255 million at March 31, 2018 and December 31, 2017 , respectively. (c) Excluded excess securities collateral received of $34 million and $16 million at March 31, 2018 and December 31, 2017 , respectively. EFFECTS OF DERIVATIVES ON EARNINGS All derivatives are marked to fair value on our balance sheet, whether they are designated in a hedging relationship for accounting purposes or are used as economic hedges. Three months ended March 31 (In millions) Effect on hedging instrument Effect on underlying Effect on earnings (a) 2018 Cash flow hedges $ 142 $ (142 ) $ — Fair value hedges (697 ) 672 (26 ) Net investment hedges(b) (603 ) 605 2 Economic hedges(c) 464 (574 ) (110 ) Total $ (134 ) 2017 Cash flow hedges $ 22 $ (22 ) $ — Fair value hedges (225 ) 163 (62 ) Net investment hedges(b) (563 ) 573 10 Economic hedges(c) (339 ) 224 (115 ) Total $ (167 ) The amounts in the table above generally do not include associated derivative accruals in income or expense. (a) For cash flow and fair value hedges, the effect on earnings is primarily related to ineffectiveness. For net investment hedges, the effect on earnings is related to ineffectiveness and spot-forward differences. (b) Both non-derivatives and derivatives hedging instruments are included. The carrying value of non-derivative instruments designated as net investment hedges was $(13,627) million and $(3,328) million at March 31, 2018 and 2017, respectively. Total pre-tax reclassifications from CTA to gain (loss) was zero and $60 million at March 31, 2018 and 2017, respectively. Total pre-tax reclassifications from CTA to gain (loss) included zero and $60 million recorded in discontinued operations at March 31, 2018 and 2017, respectively. (c) Net effect is substantially offset by the change in fair value of the hedged item that will affect earnings in future periods. Changes in the fair value of cash flow hedges are recorded in a separate component of equity (referred to below as Accumulated Other Comprehensive Income, or AOCI) and are recorded in earnings in the period in which the hedged transaction occurs. The table below summarizes this activity by hedging instrument. CASH FLOW HEDGE ACTIVITY Gain (loss) recognized in AOCI Gain (loss) reclassified for the three months ended March 31 for the three months ended March 31 (In millions) 2018 2017 2016 2018 2017 2016 Interest rate contracts $ (4 ) $ (2 ) 19 $ (2 ) $ (9 ) (30 ) Currency exchange contracts 146 22 (77 ) 66 8 (53 ) Commodity contracts — 2 1 — — (2 ) Total(a) $ 142 $ 22 (57 ) $ 65 $ (1 ) $ (84 ) (a) Gain (loss) is recorded in "GE Capital revenues from services", "Interest and other financial charges", and "Other costs and expenses" in our Statement of Earnings when reclassified. The total pre-tax amount in AOCI related to cash flow hedges of forecasted transactions was a $167 million gain at March 31, 2018 . We expect to transfer $7 million gain to earnings as an expense in the next 12 months contemporaneously with the earnings effects of the related forecasted transactions. In the three mo nths ended March 31, 2018, 2017 a nd 2016 , we recognized insignificant gains and losses related to hedged forecasted transactions and firm commitments that did not occur by the end of the originally specified period. At March 31, 2018, 2017 and 2016, the maximum term of derivative instruments that hedge forecasted transactions was 15 years , 16 years and 17 years , respectively. For cash flow hedges, the amount of ineffectiveness in the hedging relationship and amount of the changes in fair value of the derivatives that are not included in the measurement of ineffectiveness were insignificant for each reporting period. COUNTERPARTY CREDIT RISK Fair values of our derivatives can change significantly from period to period based on, among other factors, market movements and changes in our positions. We manage counterparty credit risk (the risk that counterparties will default and not make payments to us according to the terms of our agreements) on an individual counterparty basis. Where we have agreed to netting of derivative exposures with a counterparty, we net our exposures with that counterparty and apply the value of collateral posted to us to determine the exposure. We actively monitor these net exposures against defined limits and take appropriate actions in response, including requiring additional collateral. As discussed above, we have provisions in certain of our master agreements that require counterparties to post collateral (typically, cash or U.S. Treasury securities) when our receivables due from the counterparties, measured at current market value, exceeds specified limits. The fair value of such collateral was $1,678 million at March 31, 2018 , of which $1,329 million was cash and $350 million was in the form of securities held by a custodian for our benefit. Under certain of these same agreements, we post collateral to our counterparties for our derivative obligations, the fair value of cash collateral posted was $155 million at March 31, 2018 . At March 31, 2018 , our exposures to counterparties (including accrued interest), net of collateral we hold, was $288 million . This excludes exposures related to embedded derivatives. Additionally, our master agreements typically contain mutual downgrade provisions that provide the ability of each party to require termination if the long-term credit rating of the counterparty were to fall below A-/A3 or other ratings levels agreed upon with the counterparty. In certain of these master agreements, each party also has the ability to require termination if the short-term rating of the counterparty were to fall below A-1/P-1. Our master agreements also typically contain provisions that provide termination rights upon the occurrence of certain other events, such as a bankruptcy or events of default by one of the parties. If an agreement was terminated under any of these circumstances, the termination amount payable would be determined on a net basis and could also take into account any collateral posted. The net amount of our derivative liability, after consideration of collateral posted by us and outstanding interest payments was $252 million at March 31, 2018 . This excludes exposure related to embedded derivatives.

VARIABLE INTEREST ENTITIES

VARIABLE INTEREST ENTITIES	3 Months Ended
	Mar. 31, 2018
Variable Interest Entities [Abstract]
VARIABLE INTEREST ENTITIES	NOTE 18. VARIABLE INTEREST ENTITIES A VIE is an entity that has one of three characteristics: (1) it is controlled by someone other than its shareowners or partners, (2) its shareowners or partners are not economically exposed to the entity's earnings (for example, they are protected against losses), or (3) it was thinly capitalized when it was formed. In the normal course of business we become involved with VIEs either because we help create them or we invest in them. Our VIEs either provide goods and services to customers or provide financing to third parties for the purchase of GE goods and services. If we control the VIE, we consolidate it and provide disclosure below. However, if the VIE is a business and use of its assets is not limited to settling its liabilities, ongoing disclosures are not required. CONSOLIDATED VARIABLE INTEREST ENTITIES Our most significant consolidated VIEs are four joint ventures used to complete acquisitions. The newest of these, BHGE LLC was formed as part of the Baker Hughes transaction. BHGE LLC owns the operating assets of GE Oil & Gas and Baker Hughes. BHGE LLC is a VIE as we hold an economic interest of approximately 62.5% in the partnership, but we hold no voting or participating rights through our direct economic ownership. BHGE LLC is a SEC Registrant with separate filing requirements with the SEC and its separate financial information can be obtained from www.sec.gov. The remaining three joint ventures were formed as part of the Alstom acquisition. These joint ventures include grid technology, renewable energy, and global nuclear and French steam power and have combined assets, liabilities and redeemable non-controlling interest as of March 31, 2018 and December 31, 2017 of $16,357 million , $10,896 million and $3,208 million and $16,344 million , $11,463 million and $3,065 million , respectively. These joint ventures are considered VIEs because the equity held by Alstom does not participate fully in the earnings of the ventures due to contractual features allowing Alstom to sell their interests back to GE (see Note 14 for further information). We consolidate these joint ventures because we control all their significant activities. These joint ventures are in all other respects regular businesses and are therefore exempt from ongoing disclosure requirements for consolidated VIEs provided below. The table below provides information about consolidated VIEs that are subject to ongoing disclosure requirements. Substantially all of these entities were created to help our customers finance the purchase of GE goods and services or to purchase GE customer notes receivable arising from sales of GE goods and services. These entities have no features that could expose us to losses that could significantly exceed the difference between the consolidated assets and liabilities. ASSETS AND LIABILITIES OF CONSOLIDATED VIEs GE Capital (In millions) GE Customer Notes receivables(a) Other(b) Total March 31, 2018 Assets Financing receivables, net $ — $ — $ 750 $ 750 Current receivables 86 442 — 528 Other assets 530 1,121 1,259 2,909 Total $ 616 $ 1,563 $ 2,008 $ 4,187 Liabilities Borrowings $ 41 $ — $ 928 $ 968 Non-recourse borrowings — 650 16 665 Other liabilities 264 817 555 1,636 Total $ 305 $ 1,467 $ 1,498 $ 3,270 December 31, 2017 Assets Financing receivables, net $ — $ — $ 792 $ 792 Current receivables 59 570 — 630 Investment securities — — 918 918 Other assets 586 1,182 1,920 3,688 Total $ 646 $ 1,752 $ 3,630 $ 6,028 Liabilities Borrowings $ 39 $ — $ 1,027 $ 1,066 Non-recourse borrowings — 669 16 685 Other liabilities 345 1,021 1,525 2,891 Total $ 384 $ 1,690 $ 2,568 $ 4,642 (a) Two funding vehicles established to purchase customer notes receivable from GE, one of which is partially funded by third-party debt. (b) In January 2018, ownership of the equity shares of Electric Insurance Company ("EIC") were distributed to GE Capital by a bankruptcy trustee. We have previously reported EIC as a VIE because we received a 100% beneficial interest in the assets, liabilities and operations of EIC, related to an interim distribution in 2001. As EIC is now a consolidated voting interest entity we removed EIC from our VIE disclosure. In 2017, $1,470 million of assets and $959 million of liabilities were included related to EIC. Total revenues from our consolidated VIEs were $174 million and $252 million for the three months ended March 31, 2018 and 2017, respectively. Related expenses consisted primarily of cost of goods and services of $73 million and $95 million for the three months ended March 31, 2018 and 2017, respectively. Where we provide servicing for third-party investors, we are contractually permitted to commingle cash collected from customers on financing receivables sold to third-party investors with our own cash prior to payment to third-party investors, provided our short-term credit rating does not fall below A-1/P1. These third-party investors also owe us amounts for purchased financial assets and scheduled interest and principal payments. At March 31, 2018 and December 31, 2017, the amounts of commingled cash owed to the third-party investors were $ 53 million and $ 92 million, respectively. UNCONSOLIDATED VARIABLE INTEREST ENTITIES We become involved with unconsolidated VIEs primarily through assisting in the formation and financing of the entity. We do not consolidate these entities because we do not have power over decisions that significantly affect their economic performance. Our investments in unconsolidated VIEs, at March 31, 2018 and December 31, 2017 were $5,191 million and $5,833 million , respectively. Substantially all of these investments are held by Energy Financial Services. Obligations to make additional investments in these entities are not significant.

COMMITMENTS, GUARANTEES, PRODUC

COMMITMENTS, GUARANTEES, PRODUCT WARRANTIES AND OTHER LOSS CONTINGENCIES	3 Months Ended
	Mar. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS, GUARANTEES, PRODUCT WARRANTIES AND OTHER LOSS CONTINGENCIES	NOTE 19. COMMITMENTS, GUARANTEES, PRODUCT WARRANTIES AND OTHER LOSS CONTINGENCIES COMMITMENTS The GE Capital Aviation Services (GECAS) business in GE Capital has placed multiple-year orders for various Boeing, Airbus and other aircraft manufacturers with list prices approximating $ 36,506 million and secondary orders with airlines for used aircraft of approximately $ 3,271 million at March 31, 2018 . In our Aviation segment, we have committed to provide financing assistance of $ 1,937 million of future customer acquisitions of aircraft equipped with our engines. GUARANTEES Our guarantees are provided in the ordinary course of business. We underwrite these guarantees considering economic, liquidity and credit risk of the counterparty. We believe that the likelihood is remote that any such arrangements could have a significant adverse effect on our financial position, results of operations or liquidity. We record liabilities for guarantees at estimated fair value, generally the amount of the premium received, or if we do not receive a premium, the amount based on appraisal, observed market values or discounted cash flows. Any associated expected recoveries from third parties are recorded as other receivables, not netted against the liabilities. At March 31, 2018 , we were committed under the following guarantee arrangements beyond those provided on behalf of VIEs. See Note 18. Credit Support. We have provided $ 1,667 million of credit support on behalf of certain customers or associated companies, predominantly joint ventures and partnerships, using arrangements such as standby letters of credit and performance guarantees. These arrangements enable these customers and associated companies to execute transactions or obtain desired financing arrangements with third parties. Should the customer or associated company fail to perform under the terms of the transaction or financing arrangement, we would be required to perform on their behalf. Under most such arrangements, our guarantee is secured, usually by the asset being purchased or financed, or possibly by certain other assets of the customer or associated company. The length of these credit support arrangements parallels the length of the related financing arrangements or transactions. The liability for such credit support was $ 80 million at March 31, 2018 . Indemnification Agreements – Continuing Operations. We have agreements that require us to fund up to $ 241 million at March 31, 2018 under residual value guarantees on a variety of leased equipment. Under most of our residual value guarantees, our commitment is secured by the leased asset. The liability for these indemnification agreements was $ 7 million at March 31, 2018 . At March 31, 2018 , we also had $ 1,852 million of other indemnification commitments, substantially all of which relate to representations and warranties in sales of businesses or assets. The liability for these indemnification commitments was $ 260 million at March 31, 2018 . Indemnification Agreements – Discontinued Operations. At March 31, 2018 , we provided specific indemnifications to buyers of GE Capital’s assets that, in the aggregate, represent substantially all of the maximum potential claim of $ 2,786 million . The majority of these indemnifications relate to the sale of businesses and assets under the GE Capital Exit Plan. We have recorded related liabilities of $ 301 million , which incorporates our evaluation of risk and the likelihood of making payments under the indemnities. The recognized liabilities represent the estimated fair value of the indemnities when issued as adjusted for any subsequent probable and estimable losses. In addition, in connection with the 2015 public offering and sale of Synchrony Financial, GE Capital indemnified Synchrony Financial and its directors, officers, and employees against the liabilities of GECC's businesses other than historical liabilities of the businesses that are part of Synchrony Financial's ongoing operations. Contingent Consideration. These are agreements to provide additional consideration to a buyer or seller in a business combination if contractually specified conditions related to the acquisition or disposition are achieved. Amount of contingent consideration was insignificant at March 31, 2018 . PRODUCT WARRANTIES We provide for estimated product warranty expenses when we sell the related products. Because warranty estimates are forecasts that are based on the best available information – mostly historical claims experience – claims costs may differ from amounts provided. An analysis of changes in the liability for product warranties follows. Three months ended March 31 (In millions) 2018 2017 Balance at January 1 $ 2,348 $ 1,929 Current-year provisions 245 155 Expenditures (237 ) (210 ) Other changes(a) 149 17 Balance as of March 31 $ 2,505 $ 1,891 ( a) Primarily includes effect of currency exchange and acquisitions. OTHER LOSS CONTINGENCIES LEGAL MATTERS WMC. During the fourth quarter of 2007, we completed the sale of WMC, our U.S. mortgage business. WMC substantially discontinued all new loan originations by the second quarter of 2007, and was never a loan servicer. In connection with the sale, WMC retained certain representation and warranty obligations related to loans sold to third parties prior to the disposal of the business and contractual obligations to repurchase previously sold loans that had an early payment default. All claims received by WMC for early payment default have either been resolved or are no longer being pursued. The remaining active claims have been brought by securitization trustees or administrators seeking recovery from WMC for alleged breaches of representations and warranties on mortgage loans that serve as collateral for residential mortgage-backed securities (RMBS). At March 31, 2018, such claims consisted of $298 million of individual claims generally submitted before the filing of a lawsuit (compared to $462 million at December 31, 2017) and $3,107 million of additional claims asserted against WMC in litigation without making a prior claim (Litigation Claims) (compared to $3,198 million at December 31, 2017). The total amount of these claims, $3,404 million , reflects the purchase price or unpaid principal balances of the loans at the time of purchase and does not give effect to pay downs or potential recoveries based upon the underlying collateral, which in many cases are substantial, nor to accrued interest or fees. WMC believes that repurchase claims brought based upon representations and warranties made more than six years before WMC was notified of the claim would be disallowed in legal proceedings under applicable law and the June 11, 2015 decision of the New York Court of Appeals in ACE Securities Corp. v. DB Structured Products, Inc., on the statute of limitations period governing such claims. Reserves related to repurchase claims made against WMC were $342 million at March 31, 2018, reflecting a net decrease to reserves in the three months ended March 31, 2018 of $74 million due to settlements. The reserve estimate takes into account recent settlement activity and is based upon WMC’s evaluation of the remaining exposures as a percentage of estimated lifetime mortgage loan losses within the pool of loans supporting each securitization for which timely claims have been asserted in litigation against WMC. Settlements in prior periods reduced WMC’s exposure on claims asserted in certain securitizations and the claim amounts reported above give effect to these settlements. During the first quarter of 2018, we also recorded a reserve of $1,500 million in connection with the U.S. Department of Justice's (DOJ) ongoing investigation regarding potential violations of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) by WMC and GE Capital discussed in Legal Proceedings. ROLLFORWARD OF THE RESERVE RELATED TO REPURCHASE CLAIMS Three months ended March 31 (In millions) 2018 2017 Balance, beginning of period $ 416 $ 626 Provision — — Claim resolutions / rescissions (74 ) — Balance, end of period $ 342 $ 626 Given the significant litigation activity and WMC’s continuing efforts to resolve the lawsuits involving claims made against WMC, it is difficult to assess whether future losses will be consistent with WMC’s past experience. Adverse changes to WMC’s assumptions supporting the reserve may result in an increase to these reserves. WMC estimates a range of reasonably possible loss from $0 to approximately $500 million over its recorded reserve at March 31, 2018. This estimate involves significant judgment and may not reflect the range of uncertainties and unpredictable outcomes inherent in litigation, including the matters discussed in Legal Proceedings and potential changes in WMC’s legal strategy. This estimated range of reasonably possible loss excludes any possible loss associated with an adverse court decision on the applicable statute of limitations, as well as any additional loss beyond the amount of our current reserve for the FIRREA investigation, as we are unable at this time to develop such a meaningful estimate. With respect to the FIRREA investigation, this inability to develop a meaningful estimate of any additional loss beyond the amount of our current reserve reflects, among other factors, the wide variety and broad range of penalties and other sanctions incurred by various financial institutions in proceedings and settlements involving claims made under FIRREA by the DOJ, and the possibility WMC will file for bankruptcy in the event of a finding of liability in the TMI case discussed in Legal Proceedings. It is possible, however, that the ultimate liability of GE Capital and/or WMC could be higher than our current reserve if a negotiated settlement of the FIRREA investigation cannot be reached at a level commensurate with the reserve, or if we face adverse litigation outcomes if a negotiated settlement cannot be reached. At March 31, 2018, there were four lawsuits involving claims made against WMC arising from alleged breaches of representations and warranties on mortgage loans included in five securitizations, one of which was dismissed in April 2018. The adverse parties in these cases are securitization trustees or parties claiming to act on their behalf. As discussed in Legal Proceedings, two of the three remaining lawsuits have been stayed pending court approval of settlement agreements. The sole remaining active lawsuit against WMC is the TMI case, and a bench trial in that case began on January 16, 2018. Although the alleged claims for relief vary from case to case, the complaints and counterclaims in these actions generally assert claims for breach of contract, indemnification, and/or declaratory judgment, and seek specific performance (repurchase of defective mortgage loans) and/or money damages. Adverse court decisions, including in cases not involving WMC, could result in new claims and lawsuits on additional loans. However, WMC continues to believe that it has defenses to the claims asserted in litigation, including, for example, based on causation and materiality requirements and applicable statutes of limitations. It is not possible to predict the outcome or impact of these defenses and other factors, any of which could materially affect the amount of any loss ultimately incurred by WMC on these claims. WMC has also received indemnification demands, nearly all of which are unspecified, from depositors/underwriters/sponsors of RMBS in connection with lawsuits brought by RMBS investors concerning alleged misrepresentations in the securitization offering documents to which WMC is not a party, or, in two cases, involving mortgage loan repurchase claims made against RMBS sponsors. WMC believes that it has defenses to these demands. To the extent WMC is required to repurchase loans, WMC’s loss also would be affected by several factors, including pay downs, accrued interest and fees, and the value of the underlying collateral. The reserve and estimate of possible loss reflect judgment, based on currently available information, and a number of assumptions, including economic conditions, claim and settlement activity, pending and threatened litigation, court decisions regarding WMC’s legal defenses, indemnification demands, government activity, and other variables in the mortgage industry. Actual losses arising from claims against WMC could exceed these amounts and additional claims and lawsuits could result if actual claim rates, governmental actions, litigation and indemnification activity, adverse court decisions, actual settlement rates or losses WMC incurs on repurchased loans differ from its assumptions. Adverse developments under any of these scenarios, or a finding of liability in the TMI case discussed above, could be in an amount exceeding the total value of WMC's assets. Alstom legacy matters . On November 2, 2015, we acquired the Thermal, Renewables and Grid businesses from Alstom. Prior to the acquisition, the seller was the subject of two significant cases involving anti-competitive activities and improper payments: (1) in January 2007, Alstom was fined €65 million by the European Commission for participating in a gas insulated switchgear cartel that operated from 1988 to 2004 (that fine was later reduced to €59 million ), and (2) in December 2014, Alstom pled guilty in the United States to multiple violations of the Foreign Corrupt Practices Act and paid a criminal penalty of $772 million . As part of GE’s accounting for the acquisition, we established a reserve amounting to $858 million for legal and compliance matters related to the legacy business practices that were the subject of these and related cases in various jurisdictions. Regardless of jurisdiction, the allegations relate to claimed anti-competitive conduct or improper payments in the pre-acquisition period as the source of legal violations and/or damages. Given the significant litigation and compliance activity related to these matters and our ongoing efforts to resolve them, it is difficult to assess whether the disbursements will ultimately be consistent with the reserve established. The estimation of this reserve involved significant judgment and may not reflect the full range of uncertainties and unpredictable outcomes inherent in litigation and investigations of this nature. Damages sought may include disgorgement of profits on the underlying business transactions, fines and/or penalties, interest, or other forms of resolution. Factors that can affect the ultimate amount of losses associated with these matters include the way cooperation is assessed and valued, prosecutorial discretion in the determination of damages, formulas for determining fines and penalties, the duration and amount of legal and investigative resources applied, and political and social influences within each jurisdiction, among other considerations. Actual losses arising from claims in these matters could exceed the amount provided. At this time, we are unable to develop a meaningful estimate of the range of reasonably possible additional losses for this exposure. ENVIRONMENTAL MATTERS Our operations, like operations of other companies engaged in similar businesses, involve the use, disposal and cleanup of substances regulated under environmental protection laws. We are involved in numerous remediation actions to clean up hazardous wastes as required by federal and state laws. Liabilities for remediation costs exclude possible insurance recoveries and, when dates and amounts of such costs are not known, are not discounted. When there appears to be a range of possible costs with equal likelihood, liabilities are based on the low end of such range. It is reasonably possible that our environmental remediation exposure will exceed amounts accrued. However, due to uncertainties about the status of laws, regulations, technology and information related to individual sites, such amounts are not reasonably estimable. For further information, see our Annual Report on Form 10-K for the fiscal year ended December 31, 2017 .

CASH FLOWS INFORMATION

CASH FLOWS INFORMATION	3 Months Ended
	Mar. 31, 2018
Supplemental Cash Flow Information [Abstract]
Cash Flows Information	NOTE 20. CASH FLOWS INFORMATION Changes in operating assets and liabilities are net of acquisitions and dispositions of principal businesses. Amounts reported in the “Proceeds from sales of discontinued operations” and “Proceeds from principal business dispositions” lines in the Statement of Cash Flows are net of cash disposed and included certain deal-related costs. Amounts reported in the “Net cash from (payments for) principal businesses purchased” line is net of cash acquired and included certain deal-related costs and debt assumed and immediately repaid in acquisitions. Amounts reported in the “All other operating activities” line in the Statement of Cash Flows reflect cash sources and uses as well as non-cash adjustments to net income including those related to taxes, pension, gains (losses) on principal business dispositions, and restructuring and other charges. Certain supplemental information related to our cash flows is shown below. GE Three months ended March 31 (In millions) 2018 2017 All other operating activities (Gains) losses on purchases and sales of business interests(a) $ 63 $ (13 ) Income taxes(b) 242 (239 ) Principal pension plans(c) 720 929 Other postretirement benefit plans(d) (423 ) (267 ) Restructuring and other charges(e) 132 365 Other(f) (1,532 ) (875 ) $ (798 ) $ (101 ) All other investing activities Derivative settlements (net)(g) $ (163 ) $ — Investments in intangible assets (net) (584 ) (154 ) Other 26 (23 ) $ (721 ) $ (177 ) Net dispositions (purchases) of GE shares for treasury Open market purchases under share repurchase program $ (80 ) $ (1,875 ) Other purchases (4 ) (13 ) Dispositions 77 309 $ (8 ) $ (1,578 ) (a) Included a pre-tax valuation allowance on businesses classified as held for sale of $49 million in the three months ended March 31, 2018 . See Note 2. (b) Reflected the effects of current tax expense of $541 million and $435 million and net cash paid during the year for income taxes of $(299) million and $(674) million for the three months ended March 31, 2018 and 2017, respectively. Cash flows effects of deferred tax provisions (benefits) are shown separately within Cash flows from operating activities in the Statement of Cash Flows. (c) Reflected the effects of pension costs of $1,065 million and $983 million and employer contributions of $(345) million and $(54) million for the three months ended March 31, 2018 and 2017, respectively. See Note 13. (d) Reflected the effects of other postretirement plans costs (income) of $(46) million and $114 million and employer contributions of $(377) million and $(267) million for the three months ended March 31, 2018 and 2017, respectively. See Note 13. (e) Reflected the effects of restructuring and other charges of $585 million and $979 million and restructuring and other cash expenditures of $(453) million and $(614) million for the three months ended March 31, 2018 and 2017, respectively. Excludes non-cash adjustments reflected as Depreciation and amortization of property, plant and equipment in the Statement of Cash Flows. (f) Included other non-cash adjustments to net income, such as write-downs of assets and the impacts of acquisition accounting and changes in other assets and other liabilities classified as operating activities, such as the timing of payments of employee-related liabilities, contract-related costs and customer allowances. (g) Excluded net derivative settlements of $(151) million in the three months ended March 31, 2017. The classification of the settlement of derivative instruments was changed from operating cash flows to investing cash flows in the second half of 2017.

INTERCOMPANY TRANSACTIONS

INTERCOMPANY TRANSACTIONS	3 Months Ended
	Mar. 31, 2018
Related Party Transactions [Abstract]
INTERCOMPANY TRANSACTIONS	NOTE 21. INTERCOMPANY TRANSACTIONS Transactions between related companies are made on arm's length terms and are reported in the respective GE and GE Capital columns of our financial statements, but are eliminated in deriving our consolidated financial statements. These transactions include, but are not limited to, the following: • GE Capital dividends to GE, • GE Capital working capital solutions to optimize GE cash management, • GE Capital enabled GE industrial orders, including related GE guarantees to GE Capital, • GE Capital financing of GE long-term receivables, and • Aircraft engines, power equipment, renewable energy equipment and healthcare equipment manufactured by GE that are installed on GE Capital investments, including leased equipment. In addition to the above transactions that primarily enable growth for the GE businesses, there are routine related party transactions, which include, but are not limited to, the following: • Expenses related to parent-subsidiary pension plans, • Buildings and equipment leased between GE and GE Capital, including sale-leaseback transactions, • Information technology (IT) and other services sold to GE Capital by GE • Settlements of tax liabilities, and • Various investments, loans and allocations of GE corporate overhead costs. Presented below is a walk of intercompany eliminations from the combined GE and GE Capital totals to the consolidated cash flows from continuing operations. Three months ended March 31, 2018 (In millions) 2018 2017 Cash from (used for) operating activities-continuing operations Combined $ (473 ) $ 487 GE current receivables sold to GE Capital 1,815 1,958 GE Capital dividends to GE — (2,000 ) Other reclassifications and eliminations(a) 81 131 Total cash from (used for) operating activities-continuing operations $ 1,423 $ 576 Cash from (used for) investing activities-continuing operations Combined $ 973 $ 4,971 GE current receivables sold to GE Capital (2,371 ) (2,412 ) GE Capital long-term loans to GE 285 4,075 GE Capital short-term loan to GE — (1,329 ) Other reclassifications and eliminations(a) (457 ) (570 ) Total cash from (used for) investing activities-continuing operations $ (1,570 ) $ 4,735 Cash from (used for) financing activities-continuing operations Combined $ (12,545 ) $ (12,331 ) GE current receivables sold to GE Capital 556 454 GE Capital dividends to GE — 2,000 GE Capital long-term loans to GE (285 ) (4,075 ) GE Capital short-term loan to GE — 1,329 Other reclassifications and eliminations(a) 375 438 Total cash from (used for) financing activities-continuing operations $ (11,899 ) $ (12,185 ) (a) Includes eliminations of other cash flows activities, including those related to GE Capital enabled GE industrial orders, financing of long-term receivables, various investments, loans and allocations of GE corporate overhead costs.

GUARANTOR FINANCIAL INFORMATION

GUARANTOR FINANCIAL INFORMATION	3 Months Ended
	Mar. 31, 2018
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
GUARANTOR FINANCIAL INFORMATION	NOTE 22. GUARANTOR FINANCIAL INFORMATION GUARANTOR AND NON-GUARANTOR CONDENSED CONSOLIDATING FINANCIAL INFORMATION On October 26, 2015, GE Capital International Funding Company Unlimited Company, formerly GE Capital International Funding Company (the Issuer), then a finance subsidiary of General Electric Capital Corporation, settled its previously announced private offers to exchange (the Exchange Offers) the Issuer’s new senior unsecured notes for certain outstanding debt securities of General Electric Capital Corporation. The new notes that were issued were fully and unconditionally, jointly and severally guaranteed by both the Company and GE Capital International Holdings Limited (GECIHL) (each a Guarantor, and together, the Guarantors). Under the terms of a registration rights agreement entered into in connection with the Exchange Offers, the Issuer and the Company agreed to file a registration statement with the U.S. Securities and Exchange Commission (SEC) for an offer to exchange new senior notes of the Issuer registered with the SEC and guaranteed by the Guarantors for certain of the Issuer’s outstanding unregistered senior notes. This exchange was completed in July 2016. PRESENTATION In connection with the registration of the senior notes, the Company is required to provide certain financial information regarding the Issuer and the Guarantors of the registered securities. Included are the Condensed Consolidating Statements of Earnings and Comprehensive Income for the three months ended March 31, 2018 and 2017 , Condensed Consolidating Statements of Financial Position as of March 31, 2018 and December 31, 2017 and Condensed Consolidating Statements of Cash Flows for the three months ended March 31, 2018 and 2017 for: • General Electric Company (the Parent Company Guarantor) - prepared with investments in subsidiaries accounted for under the equity method of accounting and excluding any inter-segment eliminations; • GE Capital International Funding Company Unlimited Company (the Subsidiary Issuer) – finance subsidiary for debt; • GE Capital International Holdings Limited (GECIHL) (the Subsidiary Guarantor) - prepared with investments in non-guarantor subsidiaries accounted for under the equity method of accounting; • Non-Guarantor Subsidiaries - prepared on an aggregated basis excluding any elimination or consolidation adjustments and includes predominantly all non-cash adjustments for cash flows; • Consolidating Adjustments - adjusting entries necessary to consolidate the Parent Company Guarantor with the Subsidiary Issuer, the Subsidiary Guarantor and Non-Guarantor Subsidiaries and in the comparative periods, this category includes the impact of new accounting policies adopted as described in Note 1 ; and • Consolidated - prepared on a consolidated basis. CONDENSED CONSOLIDATING STATEMENT OF EARNINGS (LOSS) AND COMPREHENSIVE INCOME (LOSS) FOR THE THREE MONTHS ENDED MARCH 31, 2018 (UNAUDITED) (in millions) Parent Company Guarantor Subsidiary Issuer Subsidiary Guarantor Non- Guarantor Subsidiaries Consolidating Adjustments Consolidated Revenues Sales of goods and services $ 7,704 $ — $ — $ 37,980 $ (18,810 ) $ 26,874 GE Capital revenues from services — 208 226 1,557 (205 ) 1,786 Total revenues 7,704 208 226 39,538 (19,015 ) 28,660 Costs and expenses Interest and other financial charges 1,380 206 547 1,263 (2,111 ) 1,285 Other costs and expenses 8,137 — — 38,143 (19,113 ) 27,168 Total costs and expenses 9,517 206 547 39,407 (21,224 ) 28,453 Other income (loss) 275 — — (1,873 ) 1,804 205 Equity in earnings (loss) of affiliates 2,592 — 620 (159 ) (3,054 ) — Earnings (loss) from continuing operations before income taxes 1,054 2 299 (1,901 ) 959 413 Benefit (provision) for income taxes (648 ) — — 600 75 27 Earnings (loss) from continuing operations 406 2 299 (1,301 ) 1,034 440 Earnings (loss) from discontinued operations, net of taxes (1,553 ) — (17 ) 1 16 (1,553 ) Net earnings (loss) (1,147 ) 2 282 (1,300 ) 1,050 (1,113 ) Less net earnings (loss) attributable to noncontrolling interests — — — (5 ) 39 34 Net earnings (loss) attributable to the Company (1,147 ) 2 282 (1,294 ) 1,011 (1,147 ) Other comprehensive income (loss) 1,542 — 39 878 (917 ) 1,542 Comprehensive income (loss) attributable to the Company $ 395 $ 2 $ 321 $ (416 ) $ 94 $ 395 CONDENSED CONSOLIDATING STATEMENT OF EARNINGS (LOSS) AND COMPREHENSIVE INCOME (LOSS) FOR THE THREE MONTHS ENDED MARCH 31, 2017 (UNAUDITED) (in millions) Parent Company Guarantor Subsidiary Issuer Subsidiary Guarantor Non- Guarantor Subsidiaries Consolidating Adjustments Consolidated Revenues Sales of goods and services $ 8,792 $ — $ — $ 36,090 $ (20,265 ) $ 24,617 GE Capital revenues from services — 156 186 2,270 (347 ) 2,264 Total revenues 8,792 156 186 38,360 (20,612 ) 26,881 Costs and expenses Interest and other financial charges 910 150 455 1,082 (1,457 ) 1,139 Other costs and expenses 9,630 — 13 35,940 (19,591 ) 25,992 Total costs and expenses 10,539 150 468 37,022 (21,048 ) 27,131 Other income (loss) 54 — — 4,620 (4,477 ) 197 Equity in earnings (loss) of affiliates 1,708 — 242 36,682 (38,632 ) — Earnings (loss) from continuing operations before income taxes 15 6 (40 ) 42,640 (42,673 ) (53 ) Benefit (provision) for income taxes 145 (1 ) 115 (469 ) 315 105 Earnings (loss) from continuing operations 159 5 74 42,171 (42,358 ) 52 Earnings (loss) from discontinued operations, net of taxes (242 ) — 283 1 (280 ) (239 ) Net earnings (loss) (83 ) 5 357 42,172 (42,638 ) (187 ) Less net earnings (loss) attributable to noncontrolling interests — — — (48 ) (55 ) (104 ) Net earnings (loss) attributable to the Company (83 ) 5 357 42,220 (42,583 ) (83 ) Other comprehensive income (loss) 1,822 — 617 (1,457 ) 840 1,822 Comprehensive income (loss) attributable to the Company $ 1,739 $ 5 $ 974 $ 40,763 $ (41,743 ) $ 1,739 CONDENSED CONSOLIDATING STATEMENT OF FINANCIAL POSITION MARCH 31, 2018 (UNAUDITED) (In millions) Parent Company Guarantor Subsidiary Issuer Subsidiary Guarantor Non- Guarantor Subsidiaries Consolidating Adjustments Consolidated Assets Cash, cash equivalents and restricted cash $ 18 $ — $ 3 $ 32,749 $ (641 ) $ 32,129 Investment securities 1 — — 38,148 (992 ) 37,156 Receivables - net 46,397 17,468 32,603 82,863 (139,833 ) 39,498 Inventories 4,705 — — 22,165 (6,297 ) 20,574 Property, plant and equipment - net 5,789 — — 49,614 (1,753 ) 53,650 Investment in subsidiaries(a) 283,079 — 78,928 717,025 (1,079,032 ) — Goodwill and intangible assets 8,483 — — 91,260 6,387 106,129 All other assets 10,087 16 191 219,939 (166,931 ) 63,303 Assets of discontinued operations — — — — 5,670 5,670 Total assets $ 358,558 $ 17,484 $ 111,725 $ 1,253,765 $ (1,383,423 ) $ 358,109 Liabilities and equity Short-term borrowings $ 167,854 $ — $ 47,485 $ 17,468 $ (213,435 ) $ 19,371 Accounts payable 16,362 — — 48,275 (49,577 ) 15,060 Other current liabilities 11,662 8 3 34,175 (6,747 ) 39,102 Long-term and non-recourse borrowings 64,468 15,916 34,772 54,626 (63,313 ) 106,469 All other liabilities 42,247 542 135 65,808 (9,470 ) 99,262 Liabilities of discontinued operations — — — — 2,104 2,104 Total Liabilities 302,593 16,466 82,395 220,351 (340,437 ) 281,367 Redeemable noncontrolling interests — — — 2,787 762 3,549 GE shareowners' equity 55,965 1,018 29,330 1,029,234 (1,059,582 ) 55,965 Noncontrolling interests — — — 1,394 15,835 17,228 Total equity 55,965 1,018 29,330 1,030,627 (1,043,747 ) 73,193 Total liabilities, redeemable noncontrolling interests and equity $ 358,558 $ 17,484 $ 111,725 $ 1,253,765 $ (1,383,423 ) $ 358,109 (a) Included within the subsidiaries of the Subsidiary Guarantor are cash and cash equivalent balances of $9,099 million and net assets of discontinued operations of $3,589 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 $ 0 $ 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 THREE MONTHS ENDED MARCH 31, 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 $ 19,897 $ 146 $ (427 ) $ (17,187 ) $ (1,006 ) $ 1,423 Cash from (used for) operating activities - discontinued operations (1,553 ) — — 1,521 (1 ) (33 ) Cash from (used for) operating activities 18,344 146 (427 ) (15,666 ) (1,007 ) 1,390 Cash flows – investing activities Cash from (used for) investing activities – continuing operations 6,242 (75 ) (788 ) (15,541 ) 8,591 (1,570 ) Cash from (used for) investing activities – discontinued operations — — — (74 ) — (74 ) Cash from (used for) investing activities 6,242 (75 ) (788 ) (15,615 ) 8,591 (1,644 ) Cash flows – financing activities Cash from (used for) financing activities – continuing operations (28,041 ) (70 ) 1,214 22,479 (7,482 ) (11,899 ) Cash from (used for) financing activities – discontinued operations — — — — — — Cash from (used for) financing activities (28,041 ) (70 ) 1,214 22,479 (7,482 ) (11,899 ) Effect of currency exchange rate changes on cash, cash equivalents and restricted cash — — — 208 — 208 Increase (decrease) in cash, cash equivalents and restricted cash (3,454 ) — — (8,593 ) 103 (11,945 ) 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 March 31 18 — 3 33,399 (641 ) 32,779 Less cash, cash equivalents and restricted cash of discontinued operations at March 31 — — — 650 — 650 Cash, cash equivalents and restricted cash of continuing operations at March 31 $ 18 $ — $ 3 $ 32,749 $ (641 ) $ 32,129 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS THREE MONTHS ENDED MARCH 31, 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 $ (9,938 ) $ 13 $ 627 $ 77,587 $ (67,713 ) $ 576 Cash from (used for) operating activities - discontinued operations (242 ) — — (418 ) 3 (658 ) Cash from (used for) operating activities (10,180 ) 13 627 77,169 (67,710 ) (82 ) Cash flows – investing activities Cash from (used for) investing activities – continuing operations 4,386 (13 ) 584 (70,181 ) 69,958 4,735 Cash from (used for) investing activities – discontinued operations — — — (2,026 ) — (2,026 ) Cash from (used for) investing activities 4,386 (13 ) 584 (72,207 ) 69,958 2,709 Cash flows – financing activities Cash from (used for) financing activities – continuing operations 3,713 — (1,212 ) (13,212 ) (1,474 ) (12,185 ) Cash from (used for) financing activities – discontinued operations — — — 1,907 — 1,907 Cash from (used for) financing activities 3,713 — (1,212 ) (11,305 ) (1,474 ) (10,278 ) Effect of currency exchange rate changes on cash, cash equivalents and restricted cash — — — 133 — 133 Increase (decrease) in cash, cash equivalents and restricted cash (2,081 ) — (1 ) (6,209 ) 773 (7,518 ) 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 March 31 647 — 41 42,994 (816 ) 42,866 Less cash, cash equivalents and restricted cash of discontinued operations at March 31 — — — 824 — 824 Cash, cash equivalents and restricted cash of continuing operations at March 31 $ 647 $ — $ 41 $ 42,170 $ (816 ) $ 42,042

SEGMENT OPERATIONS

SEGMENT OPERATIONS	3 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
SEGMENT OPERATIONS	SEGMENT OPERATIONS REVENUES AND PROFIT Segment revenues include sales of products and services related to the segment. Segment profit is determined based on internal performance measures used by the Chief Executive Officer (CEO) to assess the performance of each business in a given period. In connection with that assessment, the CEO may exclude matters, such as charges for restructuring, rationalization and other similar expenses, acquisition costs and other related charges, technology and product development costs, certain gains and losses from acquisitions or dispositions, and litigation settlements or other charges, for which responsibility preceded the current management team. Subsequent to the Baker Hughes transaction, restructuring and other charges are included in the determination of segment profit for our Oil & Gas segment. See the Corporate Items and Eliminations section within this MD&A for additional information about costs excluded from segment profit. Segment profit excludes results reported as discontinued operations and material accounting changes other than those applied retrospectively. Segment profit also excludes the portion of earnings or loss attributable to noncontrolling interests of consolidated subsidiaries, and as such only includes the portion of earnings or loss attributable to our share of the consolidated earnings or loss of consolidated subsidiaries. Segment profit excludes or includes interest and other financial charges, non-operating benefit costs, income taxes, and preferred stock dividends according to how a particular segment’s management is measured: • Interest and other financial charges, income taxes, non-operating benefit costs and GE preferred stock dividends are excluded in determining segment profit (which we sometimes refer to as “operating profit”) for the industrial segments. • Interest and other financial charges, income taxes, non-operating benefit costs and GE Capital preferred stock dividends are included in determining segment profit (which we sometimes refer to as “net earnings”) for the Capital segment. Other income is included in segment profit for the industrial segments. Certain corporate costs, such as shared services, employee benefits, and information technology, are allocated to our segments based on usage. A portion of the remaining corporate costs is allocated based on each segment’s relative net cost of operations. SIGNIFICANT SEGMENT DEVELOPMENTS CLASSIFICATION OF THE SUBSTANTIAL MAJORITY OF OUR LIGHTING SEGMENT AS HELD FOR SALE In February 2018, we entered into an agreement to sell our GE Lighting business in Europe, the Middle East, Africa and Turkey and our Global Automotive Lighting business to a company controlled by a former GE executive in the region. We expect to close substantially all of this deal in the second quarter of 2018. SUMMARY OF OPERATING SEGMENTS Three months ended March 31 (In millions) 2018 2017 V% Revenues Power(a) $ 7,222 $ 7,940 (9) % Renewable Energy 1,646 1,767 (7) % Oil & Gas 5,385 3,086 74 % Aviation 7,112 6,673 7 % Healthcare 4,702 4,305 9 % Transportation 872 979 (11) % Lighting(a) 456 462 (1) % Total industrial segment revenues 27,395 25,213 9 % Capital 2,173 2,681 (19) % Total segment revenues 29,569 27,894 6 % Corporate items and eliminations (908 ) (1,013 ) 10 % Consolidated revenues $ 28,660 $ 26,881 7 % Segment profit (loss) Power(a) $ 273 $ 438 (38) % Renewable Energy 77 70 10 % Oil & Gas(b) (144 ) 260 U Aviation 1,603 1,273 26 % Healthcare 735 661 11 % Transportation 130 95 37 % Lighting(a) 1 10 (90) % Total industrial segment profit 2,675 2,807 (5) % Capital (215 ) (47 ) U Total segment profit (loss) 2,460 2,760 (11 )% Corporate items and eliminations (653 ) (1,402 ) 53 % GE interest and other financial charges (642 ) (564 ) (14) % GE non-operating benefit costs (684 ) (649 ) (5) % GE benefit (provision) for income taxes (112 ) (23 ) U Earnings (loss) from continuing operations attributable to GE common shareowners 369 122 F Earnings (loss) from discontinued operations, net of taxes (1,553 ) (239 ) U Less net earnings attributable to noncontrolling interests, discontinued operations — — Earnings (loss) from discontinued operations, net of tax and noncontrolling interest (1,553 ) (239 ) U Consolidated net earnings (loss) attributable to the GE common shareowners $ (1,184 ) $ (117 ) U (a) Beginning in the third quarter of 2017, the Energy Connections business within the former Energy Connections & Lighting segment was combined with the Power segment and presented as one reporting segment called Power. As a result of this combination, our GE Lighting and Current, powered by GE (Current) businesses are now reported as a separate segment called Lighting. (b) Oil & Gas segment operating profit excluding restructuring and other charges was $181 million for the three months ended March 31, 2018.

BASIS OF PRESENTATION AND SUM30

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION The accompanying consolidated financial statements represent the consolidation of General Electric Company (the Company) and all companies that we directly or indirectly control, either through majority ownership or otherwise. See Note 1 to the consolidated financial statements in our Annual Report on Form 10-K for the year ended December 31, 2017 that discusses our consolidation and financial statement presentation. As used in this report on Form 10-Q (Report), “GE” represents the adding together of all affiliated companies except GE Capital (GE Capital or Financial Services), whose continuing operations are presented on a one-line basis; GE Capital consists of GE Capital Global Holdings, LLC (GECGH) and all of its affiliates; and “Consolidated” represents the adding together of GE and GE Capital with the effects of transactions between the two eliminated.
RECLASSIFICATION	We have reclassified certain prior-period amounts to conform to the current-period presentation.
ACCOUNTING CHANGES	ACCOUNTING CHANGES On January 1, 2018, we adopted Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers , and the related amendments (ASC 606), which supersedes most previous U.S. GAAP revenue guidance. We elected to adopt the new standard on a retrospective basis to ensure a consistent basis of presentation within our consolidated financial statements for all periods reported. In addition, we elected the practical expedient for contract modifications, which essentially means that the terms of the contract that existed at the beginning of the earliest period presented can be assumed to have been in place since the inception of the contract (i.e., not practical to separately evaluate the effects of all prior contract modifications). ASC 606 requires companies to identify contractual performance obligations and determine whether revenue should be recognized at a point in time or over time based on when control of goods and services transfers to a customer. As a result of the adoption of the standard, we recorded significant changes in the timing of revenue recognition and in the classification between revenues and costs. The financial statement effect of the adoption was a decrease to our previously reported retained earnings as of January 1, 2016 of $4,240 million and a decrease to our previously reported revenues and earnings (loss) from continuing operations of $2,224 million and $2,668 million , respectively, for the year ended December 31, 2017 and $220 million and $1,182 million , respectively, for the year ended December 31, 2016. The effect on our statement of financial position was principally comprised of changes to our contract assets, inventories, deferred taxes, deferred income and progress collections balances resulting in an $8,317 million decrease to previously reported total assets as of December 31, 2017. As discussed in prior filings, some of the impacts of adopting the ASC 606 are: Long-Term Service Agreements - For our long-term service agreements, we will continue to recognize revenue over time using percentage of completion based on costs incurred relative to total expected costs. We will also continue to record cumulative effect adjustments resulting from changes to our estimated contract billings or costs (excluding those resulting from contract modifications as discussed below). Our accounting will be impacted by various changes in the new revenue standard including (1) accounting for contract modifications and their related impacts and (2) changes in the accounting scope and term of our contracts. • Modifications - Under the new revenue standard, contract modifications will generally be accounted for as if we entered into a new contract, resulting in prospective recognition of changes to our estimates of contract billings and costs. That is, cumulative effect adjustments will generally no longer be recognized in the period that modifications occur. There was limited guidance for accounting for contract modifications under prior U.S. GAAP. As a result, our previous method of accounting for contract modifications was developed with the objective of accounting for the nature of the contract modifications. Generally, contract modifications were accounted for as cumulative effect adjustments, which reflected an update to the contract margin for the impact of the modification (i.e., changes to estimates of future contract billings and costs); however, modifications that substantially changed the economics of the arrangement were effectively accounted for as a new contract. • Scope and term - The new revenue standard provides more prescriptive guidance on identifying the elements of long-term service type contracts that should be accounted for as separate performance obligations. Application of this guidance, which focuses on understanding the nature of the arrangement, including our customers' discretion in purchasing decisions, has resulted in changes to the scope of elements included in our accounting model for long-term service agreements. For example, significant equipment upgrades offered as part of our long-term service agreements will generally be accounted for as separate performance obligations under the new revenue standard. Also, the term of our contracts is now defined as the shorter of the stated term or the term not subject to unilateral termination. Over this contract term, we estimate our revenues and related costs, including estimates of fixed and variable payments related to asset utilization and related costs to fulfill our performance obligations. Historically, our accounting for long-term contracts did not reflect an expectation that a contract would be terminated prior to the stated term, particularly when the probability of termination was considered remote. Under prior U.S. GAAP, while termination rights were considered, more emphasis was placed on more likely outcomes (i.e., use of best estimates). For example, we used historical experience with similar types of contracts as well as other evidence (e.g., customer intent, economic compulsion and future plans for operating the asset) to determine the contract term for application of our accounting model. These changes to our long-term service agreement accounting have significantly impacted all of our industrial businesses except for Renewable Energy, Healthcare, and Lighting and were some of the drivers in the reduction of the related contract asset balance of $8,255 million as of December 31, 2017. While these contract asset balances have been reduced due to the accounting changes, the economics and cash impact of these contracts remain unchanged. Aviation Commercial Engines - For Aviation Commercial engines our previous method applied contract-specific estimated margin rates, which included the effect of estimated cost improvements over time, to costs incurred to determine the amount of revenue that should be recognized. The new revenue standard will result in a significant change from our previous long-term contract accounting model. While we will continue to recognize revenue at delivery, each engine is now accounted for as a separate performance obligation, reflecting the contractually stated price and manufacturing cost of each engine. The most significant effect of this change is on our new engine launches, where the cost of earlier production units is higher than the cost of later production units driven by expected cost improvements over the life of the engine program, which will generally result in lower earnings or increased losses on our early program engine deliveries to our airframer customers. The effect of this change reduced the related contract asset balance of $1,755 million as of December 31, 2017. All Other Large Equipment - For the remainder of our equipment businesses, the new revenue standard’s emphasis on transfer of control rather than risks and rewards has resulted in an accelerated timing of revenue recognition versus our previous accounting for certain products. While this change impacts all our businesses, our Renewable Energy business was most significantly impacted on a year over year basis with certain of their products recognized at an earlier point in time compared to historical standards. Consistent with our industry peers, certain of our businesses’ products have transitioned either to a point in time or over time recognition based on the nature of the arrangement. This change in timing of revenue had an effect on inventory, contract assets and progress collections to reflect the transfer of control at an earlier point in time. Refer to our Form 8-K filed on April 13, 2018 for supplemental information on the effect of the adoption of ASC 606 to our financial statements. On January 1, 2018, we adopted ASU No. 2017-07, Compensation-Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost . The ASU requires the service cost component of the net periodic costs for pension and postretirement plans to be presented in the same line item in the statement of earnings as other employee-related compensation costs. The non-service related costs are now required to be presented separately from the service cost component. This change to the income statement has been reflected on a retrospective basis and had no effect on continuing or net income. The new standard also added guidance requiring entities to exclude these non-service related costs from capitalization in inventory or other internally-developed assets on a prospective basis, which is not expected to have a significant effect. On January 1, 2018 we adopted ASU No. 2016-18, Statement of Cash Flows: Restricted Cash . The ASU requires the changes in the total of cash and restricted cash to be presented in the statement of cash flows. In addition, when cash and restricted cash are presented on separate lines on the balance sheet, an entity is required to reconcile the totals in the statement of cash flows to the related line items in the balance sheet. While not a direct effect of the adoption of the standard, to simplify the reconciliation of the statement of cash flows to the cash balances presented in our statement of financial position, we have elected to present cash and restricted cash as a single line on the balance sheet, which resulted in an increase of $668 million and $654 million to our previously reported December 31, 2017 and December 31, 2016 cash balances, respectively. The change to our cash balances and cash flows has been reflected on a retrospective basis for all periods presented. On January 1, 2018, we adopted ASU No. 2016-16, Accounting for Income Taxes: Intra-Entity Asset Transfers of Assets Other than Inventory . The ASU eliminates the deferral of the tax effects of intra-entity asset transfers other than inventory and was required to be adopted on a modified retrospective basis. As a result, the tax expense from the intercompany sale of assets, other than inventory, and associated changes to deferred taxes will be recognized when the sale occurs even though the pre-tax effects of the transaction have not been recognized as they are eliminated in consolidation. This change to our income tax provision has been reflected as a $464 million cumulative catch up adjustment to increase retained earnings as of January 1, 2018 and is not reflected in periods prior to this date. On January 1, 2018, we adopted ASU No. 2016-15, Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments . The ASU is required to be reflected on a retrospective basis and provides guidance on the classification of certain cash receipts and cash payments, including requiring cash payments for debt prepayment or debt extinguishment costs be classified as financing activities and payments from a beneficial interest in securitization transactions be classified as investing activities. As part of the adoption, we will reclassify $553 million of cash receipts from our beneficial interest in securitized trade receivables within our consolidated statement of cash flows from cash inflows from operating activities to cash inflows from investing activities for the year ended December 31, 2017 (no effect to periods prior to 2017). The adoption of the ASU did not have a significant effect on our GE Industrial cash flows. On January 1, 2018 we adopted ASU 2016-01, Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. The ASU provides guidance related to the recognition and measurement of financial assets and financial liabilities with changes primarily affecting equity investments and disclosure of financial instruments. Under the new guidance, equity investments with readily determinable fair value, except those accounted for under the equity method of accounting, will be measured at fair value with changes in fair value recognized in earnings. The adoption had an insignificant impact to retained earnings and other comprehensive income. Effective January 1, 2018, we voluntarily changed the cost method of the GE U.S. inventories that were previously measured on a last-in, first-out (LIFO) basis to first-in, first-out (FIFO) basis. We believe the FIFO method is a preferable measure for our inventories as it is expected to better reflect the current value of inventory reported in the consolidated statement of financial position, improve the matching of costs of goods sold with related revenue, and provide for greater consistency and uniformity across our operations with respect to the method of inventory valuation. While this change will also require us to make a conforming change for U.S. income tax purposes, all existing GE businesses previously using LIFO are expected to be in a deflationary cost environment due to the manufacturing life cycle of the products and continuous reduction in the manufacturing costs due to better efficiencies, which would significantly decrease the tax benefit that LIFO would otherwise provide. Prior to the change and as reported in our 2017 10-K, LIFO was used for approximately 32% of GE inventories as of December 31, 2017. As required by U.S. GAAP, we have reflected this change in accounting principle on a retrospective basis resulting in changes to the historical periods presented. The retrospective application of the change resulted in a decrease to our January 1, 2016 retained earnings of $105 million and a decrease to our net loss from continuing operations by $15 million and $124 million for the three months ended March 31, 2017 and the year ended December 31, 2017, respectively, and a decrease to our net earnings from continuing operations by $147 million for the year ended December 31, 2016. This change did not affect our previously reported cash flows from operating, investing or financing activities.

BUSINESSES HELD FOR SALE AND 31

BUSINESSES HELD FOR SALE AND DISCONTINUED OPERATIONS (Tables)	3 Months Ended
	Mar. 31, 2018
Discontinued Operations and Disposal Groups [Abstract]
Financial Information for Assets and Liabilities of Businesses Held for Sale	FINANCIAL INFORMATION FOR ASSETS AND LIABILITIES OF BUSINESSES HELD FOR SALE (In millions) March 31, 2018 December 31, 2017 Assets Current receivables(a) $ 593 $ 612 Inventories 964 931 Property, plant, and equipment – net 964 931 Goodwill 1,659 1,619 Other intangible assets – net 411 403 Contract assets 660 619 Valuation allowance on disposal group classified as held for sale (b) (1,049 ) (1,000 ) Other assets 107 49 Assets of businesses held for sale $ 4,310 $ 4,164 Liabilities Accounts payable(a) $ 672 $ 602 Progress collections and deferred income 146 179 Non-current compensation and benefits 42 162 Other liabilities 163 305 Liabilities of businesses held for sale $ 1,024 $ 1,248 (a) Included transactions in our industrial businesses that were made on an arms-length basis with GE Capital, including GE current receivables sold to GE Capital of $ 318 million and $ 366 million at March 31, 2018 and December 31, 2017 , respectively and GE Capital services for material procurement of $(111) million at March 31, 2018. These intercompany balances included within our held for sale businesses are reported in the GE and GE Capital columns of our financial statements, but are eliminated in deriving our consolidated financial statements. (b) We adjusted the carrying value to fair value less cost to sell for certain held for sale businesses.
Financial Information for Discontinued Operations	FINANCIAL INFORMATION FOR DISCONTINUED OPERATIONS Three months ended March 31 (In millions) 2018 2017 Operations Total revenues and other income (loss) $ (1,472 ) $ 79 Earnings (loss) from discontinued operations before income taxes $ (1,574 ) $ (196 ) Benefit (provision) for income taxes(a) 19 62 Earnings (loss) from discontinued operations, net of taxes $ (1,555 ) $ (134 ) Disposal Gain (loss) on disposal before income taxes $ 4 $ (27 ) Benefit (provision) for income taxes(a) (1 ) (78 ) Gain (loss) on disposal, net of taxes $ 3 $ (105 ) Earnings (loss) from discontinued operations, net of taxes(b)(c) $ (1,553 ) $ (239 ) (a) GE Capital's total tax benefit (provision) for discontinued operations and disposals included current tax benefit (provision) of $(9) million and $(576) million for the three months ended March 31, 2018 and 2017 , respectively, including current U.S. Federal tax benefit (provision) of $24 million and $(587) million for the three months ended March 31, 2018 and 2017 , respectively. The deferred tax benefit (provision) was $27 million and $560 million for the three months ended March 31, 2018 and 2017 , respectively. (b) The sum of GE Industrial earnings (loss) from discontinued operations, net of taxes, and GE Capital earnings (loss) from discontinued operations, net of taxes, after adjusting for earnings (loss) attributable to noncontrolling interests related to discontinued operations, is reported within earnings (loss) from discontinued operations, net of taxes, in the GE Industrial column of the Consolidated Statement of Earnings (Loss). (c) Earnings (loss) from discontinued operations attributable to the Company, before income taxes, was $(1,571) million and $(223) million for the three months ended March 31, 2018 and 2017 , respectively. (In millions) March 31, 2018 December 31, 2017 Assets Cash, cash equivalents and restricted cash $ 650 $ 757 Investment securities 590 647 Deferred income taxes 1,024 951 Financing receivables held for sale 3,180 3,215 Other assets 226 342 Assets of discontinued operations $ 5,670 $ 5,912 Liabilities Accounts payable 53 51 Borrowings — 1 Other liabilities 2,052 654 Liabilities of discontinued operations $ 2,104 $ 706

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	3 Months Ended
	Mar. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Schedule of Investment Securities	March 31, 2018 December 31, 2017 (In millions) Amortized Gross Gross Estimated Amortized Gross Gross Estimated Debt U.S. corporate $ 21,637 $ 3,014 $ (130 ) $ 24,522 $ 20,104 $ 3,775 $ (35 ) $ 23,843 Non-U.S. corporate 3,394 77 (14 ) 3,458 5,455 86 (13 ) 5,528 State and municipal 3,674 439 (53 ) 4,061 3,775 534 (40 ) 4,269 Mortgage and asset-backed 3,313 62 (45 ) 3,330 2,820 81 (23 ) 2,878 Government and agencies 1,636 64 (68 ) 1,632 1,927 75 (2 ) 2,000 Equity (b) 154 — — 154 166 12 — 178 Total $ 33,808 $ 3,657 $ (309 ) $ 37,156 $ 34,246 $ 4,564 $ (114 ) $ 38,696 (a) Included $544 million and $569 million of investment securities held by GE at March 31, 2018 and December 31, 2017, respectively, of which $119 million and $141 million are equity securities with readily determinable fair value. (b) Net unrealized gains (losses) recorded to earnings related to these securities with readily determinable fair value were $(17) million and an insignificant amount for the three months ended March 31, 2018 and 2017, respectively.
Estimated Fair Value and Gross Unrealized Losses of Available-for-Sale Debt Securities	ESTIMATED FAIR VALUE AND GROSS UNREALIZED LOSSES OF AVAILABLE-FOR-SALE DEBT SECURITIES In loss position for Less than 12 months 12 months or more (In millions) Estimated fair value Gross unrealized losses Estimated Gross March 31, 2018 U.S. corporate $ 3,160 $ (77 ) $ 568 $ (53 ) Non-U.S. corporate 426 (5 ) 2,041 (8 ) State and municipal 205 (4 ) 263 (49 ) Mortgage and asset-backed 1,534 (30 ) 325 (15 ) Government and agencies 486 (68 ) 20 — Total $ 5,810 $ (183 ) $ 3,216 $ (125 ) December 31, 2017 U.S. corporate $ 502 $ (6 ) $ 605 $ (30 ) Non-U.S. corporate 1,169 (4 ) 3,685 (10 ) State and municipal 48 (1 ) 272 (39 ) Mortgage and asset-backed 979 (11 ) 318 (12 ) Government and agencies 395 (2 ) 69 — Total $ 3,093 $ (23 ) $ 4,949 $ (91 )
Contractual Maturities of Investment in Available-for-Sale Debt Securities (Excluding Mortgage and Asset-Backed Securities)	CONTRACTUAL MATURITIES OF INVESTMENT IN AVAILABLE-FOR-SALE DEBT SECURITIES (EXCLUDING MORTGAGE AND ASSET-BACKED SECURITIES) (In millions) Amortized cost Estimated fair value Due Within one year $ 2,729 $ 2,730 After one year through five years 3,159 3,276 After five years through ten years 6,163 6,617 After ten years 18,352 21,124

CURRENT RECEIVABLES (Tables)

CURRENT RECEIVABLES (Tables)	3 Months Ended
	Mar. 31, 2018
Receivables [Abstract]
Schedule of Current Receivables	Consolidated(a)(b) GE(c) (In millions) March 31, 2018 December 31, 2017 March 31, 2018 December 31, 2017 Current receivables $ 23,573 $ 25,282 $ 15,671 $ 15,693 Allowance for losses (1,014 ) (1,073 ) (999 ) (1,055 ) Total $ 22,560 $ 24,209 $ 14,672 $ 14,638 (a) Included GE industrial customer receivables sold to a GE Capital affiliate and recorded on GE Capital’s balance sheet of $ 8,677 million and $ 10,370 million at March 31, 2018 and December 31, 2017 , respectively. The consolidated total included a deferred purchase price receivable of $ 407 million and $ 388 million at March 31, 2018 and December 31, 2017 , respectively, related to our Receivables Facility (described below). (b) In order to manage credit exposure, the Company sells additional current receivables to third parties outside the Receivables Facility, substantially all of which are serviced by the Company. The outstanding balance of these current receivables was $ 2,330 million and $ 2,541 million at March 31, 2018 and December 31, 2017 , respectively. Of these balances, $ 1,170 million and $ 1,621 million was sold by GE to GE Capital prior to the sale to third parties at March 31, 2018 and December 31, 2017 , respectively. At March 31, 2018 and December 31, 2017 , our maximum exposure to loss under the limited recourse arrangements is $ 80 million and $ 90 million, respectively. (c) GE current receivables balances at March 31, 2018 and December 31, 2017 , before allowance for losses, included $ 10,544 million and $ 10,452 million, respectively, from sales of goods and services to customers. The remainder of the balances primarily relates to supplier advances, revenue sharing programs and other non-income based tax receivables. FINANCING RECEIVABLES, NET (In millions) March 31, 2018 December 31, 2017 Loans, net of deferred income $ 15,764 $ 17,404 Investment in financing leases, net of deferred income 4,383 4,614 20,146 22,018 Allowance for losses (47 ) (51 ) Financing receivables – net $ 20,099 $ 21,967

INVENTORIES (Tables)

INVENTORIES (Tables)	3 Months Ended
	Mar. 31, 2018
Inventory Disclosure [Abstract]
Schedule of Inventories	(In millions) March 31, 2018 December 31, 2017 Raw materials and work in process $ 10,983 $ 10,131 Finished goods 9,334 8,847 Unbilled shipments 256 441 Total Inventories $ 20,574 $ 19,419

GE CAPITAL FINANCING RECEIVAB35

GE CAPITAL FINANCING RECEIVABLES AND ALLOWANCE FOR LOSSES ON FINANCING RECEIVABLES (Tables)	3 Months Ended
	Mar. 31, 2018
Receivables [Abstract]
Schedule of Financing Receivables, Net	Consolidated(a)(b) GE(c) (In millions) March 31, 2018 December 31, 2017 March 31, 2018 December 31, 2017 Current receivables $ 23,573 $ 25,282 $ 15,671 $ 15,693 Allowance for losses (1,014 ) (1,073 ) (999 ) (1,055 ) Total $ 22,560 $ 24,209 $ 14,672 $ 14,638 (a) Included GE industrial customer receivables sold to a GE Capital affiliate and recorded on GE Capital’s balance sheet of $ 8,677 million and $ 10,370 million at March 31, 2018 and December 31, 2017 , respectively. The consolidated total included a deferred purchase price receivable of $ 407 million and $ 388 million at March 31, 2018 and December 31, 2017 , respectively, related to our Receivables Facility (described below). (b) In order to manage credit exposure, the Company sells additional current receivables to third parties outside the Receivables Facility, substantially all of which are serviced by the Company. The outstanding balance of these current receivables was $ 2,330 million and $ 2,541 million at March 31, 2018 and December 31, 2017 , respectively. Of these balances, $ 1,170 million and $ 1,621 million was sold by GE to GE Capital prior to the sale to third parties at March 31, 2018 and December 31, 2017 , respectively. At March 31, 2018 and December 31, 2017 , our maximum exposure to loss under the limited recourse arrangements is $ 80 million and $ 90 million, respectively. (c) GE current receivables balances at March 31, 2018 and December 31, 2017 , before allowance for losses, included $ 10,544 million and $ 10,452 million, respectively, from sales of goods and services to customers. The remainder of the balances primarily relates to supplier advances, revenue sharing programs and other non-income based tax receivables. FINANCING RECEIVABLES, NET (In millions) March 31, 2018 December 31, 2017 Loans, net of deferred income $ 15,764 $ 17,404 Investment in financing leases, net of deferred income 4,383 4,614 20,146 22,018 Allowance for losses (47 ) (51 ) Financing receivables – net $ 20,099 $ 21,967

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	3 Months Ended
	Mar. 31, 2018
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment	(In millions) March 31, 2018 December 31, 2017 Original cost $ 90,214 $ 89,607 Less accumulated depreciation and amortization (36,564 ) (35,733 ) Property, plant and equipment – net $ 53,650 $ 53,874

ACQUISITIONS, GOODWILL AND OT37

ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	3 Months Ended
	Mar. 31, 2018
Business Combinations [Abstract]
Purchase Price	PURCHASE PRICE (In millions) July 3, 2017 Cash consideration $ 7,498 Fair value of the Class A Shares in BHGE issued to Baker Hughes shareholders 17,300 Total consideration for Baker Hughes $ 24,798
Preliminary Identifiable Assets Acquired and Liabilities Assumed	PRELIMINARY IDENTIFIABLE ASSETS ACQUIRED AND LIABILITIES ASSUMED (In millions) July 3, 2017 Cash and cash equivalents $ 4,133 Accounts receivable 2,342 Inventories 1,706 Property, plant, and equipment - net 4,571 Other intangible assets - net 4,078 All other assets 1,596 Accounts payable (1,242 ) Borrowings (3,370 ) Deferred taxes (a) (390 ) All other liabilities (2,235 ) Total identifiable net assets 11,189 Fair value of existing noncontrolling interest (76 ) Goodwill 13,685 Total allocated purchase price $ 24,798 (a) Includes an increase of approximately $1,080 million primarily related to fair value adjustments to identifiable assets and liabilities (excluding goodwill) partially offset by a tax asset of approximately $572 million associated with the recognition of foreign tax credits.
Estimated Fair Value of Intangible Assets and Useful Lives	The estimated fair value of intangible assets and related useful lives in the preliminary purchase price allocation included: (In millions) Estimated fair value Estimated useful life (in years) Trademarks - Baker Hughes $ 2,100 Indefinite life Customer-related 1,320 15 Patents and technology 465 10 Trademarks - Other 40 10 Capitalized software 62 3-7 In-process research and development 70 Indefinite life Favorable lease contracts 21 10 Total $ 4,078
Schedule of Unaudited Pro Forma Information	Three months ended March 31 (In millions) 2018 2017 Revenues $ 28,660 $ 29,140 Earnings (loss) from continuing operations 477 (32 )
Changes in Goodwill Balances	CHANGES IN GOODWILL BALANCES (In millions) Balance at Acquisitions Dispositions, Balance at Power $ 25,269 $ — $ 617 $ 25,886 Renewable Energy 4,093 — 231 4,324 Oil & Gas 23,943 — 466 24,410 Aviation 10,008 — 129 10,138 Healthcare 17,306 — 33 17,339 Transportation 902 — 5 907 Lighting (a) — — — — Capital 984 — — 984 Corporate 1,463 — 17 1,480 Total $ 83,968 $ — $ 1,498 $ 85,468 (a)
Other Intangible Assets - Net	OTHER INTANGIBLE ASSETS - NET (In millions) March 31, 2018 December 31, 2017 Intangible assets subject to amortization $ 18,412 $ 18,056 Indefinite-lived intangible assets(a) 2,249 2,217 Total $ 20,661 $ 20,273 (a) Indefinite-lived intangible assets principally comprise trademarks and in-process research and development.
Intangible Assets Subject to Amortization	INTANGIBLE ASSETS SUBJECT TO AMORTIZATION March 31, 2018 December 31, 2017 (In millions) Gross carrying amount Accumulated amortization Net Gross carrying amount Accumulated amortization Net Customer-related(a) $ 10,844 $ (3,319 ) $ 7,528 $ 10,614 $ (3,095 ) $ 7,521 Patents and technology 10,906 (4,072 ) 6,834 10,271 (3,899 ) 6,372 Capitalized software 8,083 (5,054 ) 3,029 8,064 (4,974 ) 3,089 Trademarks 1,257 (475 ) 782 1,280 (421 ) 859 Lease valuations 161 (83 ) 79 170 (80 ) 89 All other 264 (102 ) 162 218 (92 ) 125 Total $ 31,516 $ (13,105 ) $ 18,412 $ 30,618 $ (12,561 ) $ 18,056 (a) Balance includes payments made to our customers, primarily within our Aviation business.

REVENUES (Tables)

REVENUES (Tables)	3 Months Ended
	Mar. 31, 2018
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregated Revenues	EQUIPMENT & SERVICES REVENUES(a) Three months ended March 31 (In millions) 2018 2017 Equipment Revenues Services Revenues Total Revenues Equipment Revenues Services Revenues Total Revenues Power $ 3,524 $ 3,698 $ 7,222 $ 4,186 $ 3,755 $ 7,940 Renewable Energy 1,204 442 1,646 1,506 261 1,767 Oil & Gas 2,229 3,156 5,385 1,291 1,795 3,086 Aviation 2,539 4,573 7,112 2,599 4,074 6,673 Healthcare 2,607 2,095 4,702 2,323 1,982 4,305 Transportation 266 606 872 498 481 979 Lighting 444 12 456 450 13 462 Total Industrial Segment Revenues $ 12,813 $ 14,582 $ 27,395 $ 12,853 $ 12,360 $ 25,213 (a) Revenues classification consistent with our MD&A defined Services revenue SUB-SEGMENT REVENUES Three months ended March 31 (In millions) 2018 2017 Power Gas Power Systems $ 1,535 $ 2,104 Power Services 2,832 2,608 Steam Power Systems 459 375 Energy Connections 2,216 2,199 Other 181 654 Power Revenues $ 7,222 $ 7,940 Renewable Energy Onshore Wind $ 1,260 $ 1,545 Hydro 233 187 Offshore Wind 152 36 Renewable Energy Revenues $ 1,646 $ 1,767 Oil & Gas Turbomachinery & Process Solutions (TPS) $ 1,447 $ 1,663 Oilfield Services (OFS) 2,678 212 Oilfield Equipment (OFE) 664 716 Digital Solutions 596 494 Oil & Gas Revenues $ 5,385 $ 3,086 Aviation Commercial Engines & Services $ 5,272 $ 4,970 Military 971 929 Systems & Other 870 773 Aviation Revenues $ 7,112 $ 6,673 Healthcare Healthcare Systems $ 3,330 $ 3,031 Life Sciences 1,125 1,013 Healthcare Digital 246 261 Healthcare Revenues $ 4,702 $ 4,305 Transportation Locomotives $ 171 $ 455 Services 506 406 Mining 116 47 Other 80 72 Transportation Revenues $ 872 $ 979 Lighting Current $ 216 $ 233 GE Lighting 240 230 Lighting Revenues $ 456 $ 462 Total Industrial Segment Revenues $ 27,395 $ 25,213 Capital Revenues (a) 2,173 2,681 Corporate items and eliminations (908 ) (1,013 ) Consolidated Revenues (a) $ 28,660 $ 26,881 (a) Includes $2,117 million and $2,621 million of revenues at GE Capital outside of the scope of ASC 606 for the three months ended March 31, 2018 and 2017, respectively.

CONTRACT & OTHER DEFERRED ASS39

CONTRACT & OTHER DEFERRED ASSETS AND PROGRESS COLLECTIONS & DEFERRED INCOME (Tables)	3 Months Ended
	Mar. 31, 2018
Contractors [Abstract]
Contract with Customer, Asset and Liability	March 31, 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) $ 3,359 $ 2,795 $ 520 $ — $ 450 $ — $ 7,124 Equipment contract revenues(c) 4,745 418 1,108 344 132 526 7,272 Total contract assets 8,104 3,213 1,628 344 582 526 14,396 Deferred inventory costs(d) 1,090 563 208 1,008 40 331 3,240 Nonrecurring engineering costs(e) 147 1,765 — — 95 — 2,007 Customer advances and other 1 1,095 — 19 1 20 1,136 Contract and other deferred assets $ 9,343 $ 6,635 $ 1,836 $ 1,371 $ 718 $ 877 $ 20,780 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 $5,098 million and $5,498 million at March 31, 2018 and December 31, 2017, respectively. (c) Included in this balance are amounts due from customers for the sale of equipment 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 $751 million and $748 million , as of March 31, 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. PROGRESS COLLECTIONS & DEFERRED INCOME (In millions) March 31, 2018 December 31, 2017 GE Contract Liabilities Progress collections $ 18,290 $ 18,310 Deferred income 3,917 3,911 Total progress collections & deferred income $ 22,207 $ 22,221

BORROWINGS (Tables)

BORROWINGS (Tables)	3 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
Schedule of Borrowings	(In millions) March 31, 2018 December 31, 2017 Short-term borrowings GE Commercial paper $ 3,005 $ 3,000 Current portion of long-term borrowings 7,801 9,452 Other 1,809 2,095 Total GE short-term borrowings 12,615 14,548 GE Capital Commercial paper 3,949 5,013 Current portion of long-term borrowings(a) 3,776 5,781 Intercompany payable to GE 7,405 8,310 Other 473 497 Total GE Capital short-term borrowings 15,603 19,602 Eliminations (8,847 ) (10,114 ) Total short-term borrowings $ 19,371 $ 24,036 Long-term borrowings GE Senior notes(b) $ 60,496 $ 62,724 Subordinated notes 2,984 2,913 Other 1,312 1,403 Total GE long-term borrowings 64,792 67,040 GE Capital Senior notes 39,580 40,754 Subordinated notes 191 208 Intercompany payable to GE(c) 28,497 31,533 Other(a) 1,078 1,118 Total GE Capital long-term borrowings 69,346 73,614 Eliminations(c) (29,004 ) (32,079 ) Total long-term borrowings $ 105,134 $ 108,575 Non-recourse borrowings of consolidated securitization entities(d) $ 1,335 $ 1,980 Total borrowings $ 125,839 $ 134,591 (a) Included $257 million and $1,078 million of short- and long-term borrowings, respectively, at March 31, 2018 and $348 million and $1,118 million of short- and long-term borrowings, respectively, at December 31, 2017 , of funding secured by aircraft and other collateral. Of this, $341 million and $458 million is non-recourse to GE Capital at March 31, 2018 and December 31, 2017 , respectively. (b) Included $6,197 million and $6,206 million of BHGE senior notes at March 31, 2018 and December 31, 2017 , respectively. Total BHGE borrowings were $6,480 million and $7,225 million at March 31, 2018 and December 31, 2017 , respectively. (c) Included a reduction of $7,556 million and $7,271 million for long-term intercompany loans from GE Capital to GE at March 31, 2018 and December 31, 2017 , respectively, which bear the right of offset against amounts owed under the assumed debt agreement. Excluding intercompany loans, total long-term assumed debt was $36,054 million and $38,804 million at March 31, 2018 and December 31, 2017 , respectively. The $7,556 million of intercompany loans collectively have a weighted average interest rate of 3.6% and term of approximately 15 years. (d) Included $363 million and $621 million of current portion of long-term borrowings at March 31, 2018 and December 31, 2017 , respectively. See Note 17 for further information.

INVESTMENT CONTRACTS, INSURAN41

INVESTMENT CONTRACTS, INSURANCE LIABILITIES AND INSURANCE ANNUITY BENEFITS (Tables)	3 Months Ended
	Mar. 31, 2018
Insurance [Abstract]
Schedule of Insurance and Investment Contract Liabilities	(In millions) March 31, 2018 December 31, 2017 Future policy benefit reserves Long-term care insurance contracts $ 16,438 $ 16,522 Structured settlement annuities with life contingencies and other contracts 9,524 9,448 Shadow adjustments(a) 3,371 4,582 29,333 30,552 Investment contracts 2,520 2,569 Claim reserves(b) 5,126 5,094 Unearned premiums and other 473 372 37,453 38,587 Eliminations (564 ) (451 ) Total $ 36,889 $ 38,136 (a) To the extent that unrealized gains on debt securities supporting our insurance contracts would result in a premium deficiency should those gains be realized, an increase in future policy benefit reserves is recorded, with an offsetting amount recorded in Other comprehensive income, net of taxes. (b) Includes $3,665 million and $3,590 million related to long term-care insurance contracts and $351 million and $364 million related to short-duration contracts, net of eliminations, at March 31, 2018 and December 31, 2017, respectively.

POSTRETIREMENT BENEFIT PLANS (T

POSTRETIREMENT BENEFIT PLANS (Tables)	3 Months Ended
	Mar. 31, 2018
Retirement Benefits [Abstract]
Schedule of Effect on Operations of Pension Plans and Principal Retiree Benefit Plans	EFFECT ON OPERATIONS OF PENSION PLANS Principal pension plans Three months ended March 31 (In millions) 2018 2017 Service cost for benefits earned $ 232 $ 289 Prior service cost amortization 36 73 Expected return on plan assets (820 ) (849 ) Interest cost on benefit obligations 666 717 Net actuarial loss amortization 951 710 Curtailment loss — 43 (a) Pension plans cost $ 1,065 $ 983 (a) Curtailment loss resulting from our intent to sell the Industrial Solutions business within our Power segment. Other pension plans Three months ended March 31 (In millions) 2018 2017 Service cost for benefits earned $ 95 $ 151 Prior service credit amortization — (1 ) Expected return on plan assets (358 ) (294 ) Interest cost on benefit obligations 156 142 Net actuarial loss amortization 82 103 Pension plans cost (income) $ (25 ) $ 101 EFFECT ON OPERATIONS OF PRINCIPAL RETIREE BENEFIT PLANS Principal retiree benefit plans Three months ended March 31 (In millions) 2018 2017 Service cost for benefits earned $ 13 $ 26 Prior service credit amortization (56 ) (43 ) Expected return on plan assets (7 ) (9 ) Interest cost on benefit obligations 49 57 Net actuarial gain amortization (20 ) (21 ) Curtailment loss — 3 (a) Retiree benefit plans cost (income) $ (21 ) $ 13 (a) Curtailment loss resulting from our intent to sell the Industrial Solutions business within our Power segment.

INCOME TAXES (Tables)

INCOME TAXES (Tables)	3 Months Ended
	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Schedule of Unrecognized Tax Benefits	UNRECOGNIZED TAX BENEFITS (In millions) March 31, 2018 December 31, 2017 Unrecognized tax benefits $ 5,403 $ 5,449 Portion that, if recognized, would reduce tax expense and effective tax rate(a) 3,676 3,626 Accrued interest on unrecognized tax benefits 853 810 Accrued penalties on unrecognized tax benefits 198 158 Reasonably possible reduction to the balance of unrecognized tax benefits in succeeding 12 months 0-1,300 0-1,100 Portion that, if recognized, would reduce tax expense and effective tax rate(a) 0-1,100 0-900 (a) Some portion of such reduction may be reported as discontinued operations.

SHAREOWNERS_ EQUITY (Tables)

SHAREOWNERS’ EQUITY (Tables)	3 Months Ended
	Mar. 31, 2018
Equity [Abstract]
Schedule of Shareowners' Equity	Three months ended March 31 (In millions) 2018 2017 Preferred stock issued $ 6 $ 6 Common stock issued $ 702 $ 702 Accumulated other comprehensive income (loss) Balance at January 1 $ (14,404 ) $ (18,588 ) Other comprehensive income (loss) before reclassifications Investment securities - net of deferred taxes of $65 and $13(a) 109 18 Currency translation adjustments (CTA) - net of deferred taxes of $(149) and $(33) 832 258 Cash flow hedges - net of deferred taxes of $31 and $5 105 20 Benefit plans - net of deferred taxes of $(1) and $101 (58 ) 474 Total $ 988 $ 770 Reclassifications from other comprehensive income Investment securities - net of deferred taxes of $(2) and $(36)(b) (10 ) (69 ) Currency translation gains (losses) on dispositions - net of deferred taxes of zero and $(540)(b) (2 ) 554 Cash flow hedges - net of deferred taxes of $(15) and $1(c) (50 ) — Benefit plans - net of deferred taxes of $218 and $288(d) 775 574 Total $ 713 $ 1,059 Other comprehensive income (loss) 1,702 1,828 Less other comprehensive income (loss) attributable to noncontrolling interests 160 6 Other comprehensive income (loss), net, attributable to GE $ 1,542 $ 1,822 Ending Balance $ (12,862 ) $ (16,766 ) Other capital Balance at January 1 $ 37,384 $ 37,224 Gains (losses) on treasury stock dispositions and other (45 ) 224 Ending Balance $ 37,339 $ 37,448 Retained earnings Balance at January 1(e) $ 117,245 $ 133,856 Net earnings (loss) attributable to the Company (1,147 ) (83 ) Dividends and other transactions with shareowners (1,078 ) (2,128 ) Redemption value adjustment on redeemable noncontrolling interests(f) (44 ) (101 ) Other changes(g) 500 — Ending Balance $ 115,477 $ 131,544 Common stock held in treasury Balance at January 1 $ (84,902 ) $ (83,038 ) Purchases (85 ) (2,359 ) Dispositions 290 564 Ending Balance $ (84,697 ) $ (84,833 ) Total equity GE shareowners' equity balance $ 55,965 $ 68,100 Noncontrolling interests balance 17,228 1,639 Total equity balance at March 31 $ 73,193 $ 69,740 (a) Included adjustments of $938 million and $(99) million for the three months ended March 31, 2018 and 2017, respectively, to investment contracts, insurance liabilities and annuity benefits in our run-off insurance operations to reflect the effects that would have been recognized had the related unrealized investment securities holding gains been realized. See Note 12 for further information. (b) Recorded in total revenues and other income and income taxes in benefit (provision) for income taxes in the Statement of Earnings (Loss). Currency translation gains (losses) on dispositions included zero and $510 million million for the three months ended March 31, 2018 and 2017, respectively, in earnings (loss) from discontinued operations, net of taxes. (c) Cash flow hedges primarily includes impact of foreign exchange contracts and gains (losses) on interest rate derivatives, primarily recorded in GE Capital revenue from services, interest and other financial charges and other costs and expenses. See Note 17 for further information. (d) Primarily includes amortization of actuarial gains (losses), amortization of prior service cost and curtailment gain (loss). These components are included in the computation of net periodic pension cost. See Note 13 for further information. (e) Amount has been adjusted to reflect retrospective adoption of ASC 606 ( $8,061 million ) and preferable accounting change from LIFO to FIFO ( $377 million ). (f) Amount of redemption value adjustment on redeemable noncontrolling interest shown net of deferred taxes. (g) On January 1, 2018, we adopted several new accounting standards on a modified retrospective basis. Cumulative impact of these changes was recorded in the opening retained earnings and it increased our retained earnings by $500 million , primarily due to an increase of $464 million related to ASU 2016-16. See Note 1 for further information.
Changes to Noncontrolling Interests	CHANGES TO NONCONTROLLING INTERESTS Three months ended March 31 (In millions) 2018 2017 Balance at January 1 $ 17,468 $ 1,663 Net earnings (loss) 67 5 Dividends (83 ) (9 ) Other(a) (224 ) (20 ) Ending balance at March 31 $ 17,228 $ 1,639 (a) Includes impact of AOCI, acquisitions, dispositions and BHGE stock repurchases.
Changes to Redeemable Noncontrolling Interests	CHANGES TO REDEEMABLE NONCONTROLLING INTERESTS Three months ended March 31 (In millions) 2018 2017 Balance at January 1 $ 3,391 $ 3,017 Net earnings (loss) (33 ) (109 ) Dividends (13 ) (10 ) Redemption value adjustment 65 101 Other 139 47 Balance at March 31(a) $ 3,549 $ 3,046 (a) Included $3,208 million and $2,760 million related to the Alstom joint ventures at March 31, 2018 and 2017, respectively.

EARNINGS PER SHARE INFORMATION

EARNINGS PER SHARE INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	Three months ended March 31 2018 2017 (In millions; per-share amounts in dollars) Diluted Basic Diluted Basic Amounts attributable to the Company: Consolidated Earnings from continuing operations for per-share calculation(a)(b) $ 401 $ 401 $ 150 $ 150 Preferred stock dividends (37 ) (37 ) (34 ) (34 ) Earnings from continuing operations attributable to common shareowners for per-share calculation(a)(b) $ 364 $ 364 $ 116 $ 116 Loss from discontinued operations for per-share calculation(a)(b) (1,556 ) (1,556 ) (243 ) (243 ) Net earnings attributable to GE common shareowners for per-share calculation(a)(b) $ (1,189 ) $ (1,189 ) $ (123 ) $ (123 ) Average equivalent shares Shares of GE common stock outstanding 8,683 8,683 8,714 8,714 Employee compensation-related shares (including stock options) 13 — 98 — Total average equivalent shares 8,696 8,683 8,811 8,714 Per-share amounts Earnings from continuing operations $ 0.04 $ 0.04 $ 0.01 $ 0.01 Loss from discontinued operations (0.18 ) (0.18 ) (0.03 ) (0.03 ) Net earnings (0.14 ) (0.14 ) (0.01 ) (0.01 ) (a) Our unvested restricted stock unit awards that contain non-forfeitable rights to dividends or dividend equivalents are considered participating securities. For the three months ended March 31, 2018 and 2017, pursuant to the two-class method, as a result of excess dividends in respect to the current period earnings, losses were not allocated to the participating securities. (b) Included an insignificant amount of dividend equivalents in each of the periods presented.

FINANCIAL INSTRUMENTS (Tables)

FINANCIAL INSTRUMENTS (Tables)	3 Months Ended
	Mar. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Estimated Fair Value of Assets and Liabilities	The following table provides information about assets and liabilities not carried at fair value. The table excludes finance leases, equity investments without readily determinable fair value and non-financial assets and liabilities. Substantially all of the assets discussed below are considered to be Level 3. The vast majority of our liabilities’ fair value can be determined based on significant observable inputs and thus considered Level 2. Few of the instruments are actively traded and their fair values must often be determined using financial models. Realization of the fair value of these instruments depends upon market forces beyond our control, including marketplace liquidity. March 31, 2018 December 31, 2017 (In millions) Carrying Estimated Carrying Estimated GE Assets Notes receivable $ 798 $ 798 $ 700 $ 700 Liabilities Borrowings(a)(b) 33,948 33,750 34,473 35,416 Borrowings (debt assumed)(a)(c) 43,459 47,600 47,114 53,502 GE Capital Assets Loans 15,734 15,673 17,363 17,331 Other commercial mortgages 1,497 1,553 1,489 1,566 Loans held for sale 3,145 3,145 3,274 3,274 Liabilities Borrowings(a)(d)(e)(f) 50,381 52,974 55,353 60,415 Investment contracts 2,521 2,851 2,569 2,996 (a) See Note 11. (b) Included $ 286 million and $ 217 million of accrued interest in estimated fair value at March 31, 2018 and December 31, 2017 , respectively. (c) Included $ 522 million and $ 696 million of accrued interest in estimated fair value at March 31, 2018 and December 31, 2017 , respectively. (d) Fair values exclude interest rate and currency derivatives designated as hedges of borrowings. Had they been included, the fair value of borrowings at March 31, 2018 and December 31, 2017 would have been reduced by $ 1,565 million and $ 1,754 million, respectively. (e) Included $ 587 million and $ 731 million of accrued interest in estimated fair value at March 31, 2018 and December 31, 2017 , respectively. (f) Excluded $ 35,903 million and $ 39,844 million of net intercompany payable to GE at March 31, 2018 and December 31, 2017 , respectively.
Loan Commitments	NOTIONAL AMOUNTS OF LOAN COMMITMENTS (In millions) March 31, 2018 December 31, 2017 Ordinary course of business lending commitments(a) $ 1,076 $ 1,105 Unused revolving credit lines 158 198 (a) Excluded investment commitments of $ 653 million and $ 677 million at March 31, 2018 and December 31, 2017 , respectively.
Fair Value of Derivative Assets	FAIR VALUE OF DERIVATIVES March 31, 2018 December 31, 2017 (In millions) Assets Liabilities Assets Liabilities Derivatives accounted for as hedges Interest rate contracts $ 1,619 $ 208 $ 1,862 $ 148 Currency exchange contracts 329 71 160 70 1,948 279 2,021 218 Derivatives not accounted for as hedges Interest rate contracts 39 10 93 8 Currency exchange contracts 1,264 1,658 1,111 2,043 Other contracts 89 127 139 91 1,392 1,795 1,343 2,143 Gross derivatives recognized in statement of financial position Gross derivatives 3,340 2,074 3,364 2,361 Gross accrued interest 231 (26 ) 469 (38 ) 3,571 2,048 3,833 2,323 Amounts offset in statement of financial position Netting adjustments(a) (1,534 ) (1,536 ) (1,457 ) (1,456 ) Cash collateral(b) (1,329 ) (155 ) (1,529 ) (578 ) (2,863 ) (1,691 ) (2,986 ) (2,034 ) Net derivatives recognized in statement of financial position Net derivatives 708 357 847 289 Amounts not offset in statement of financial position Securities held as collateral(c) (350 ) — (405 ) — Net amount $ 358 $ 357 $ 441 $ 289 Derivatives are classified in the captions "All other assets" and "All other liabilities" and the related accrued interest is classified in "Other GE Capital receivables" and "All other liabilities" in our Statement of Financial Position. (a) The netting of derivative receivables and payables is permitted when a legally enforceable master netting agreement exists. Amounts include fair value adjustments related to our own and counterparty non-performance risk. At March 31, 2018 and December 31, 2017 , the cumulative adjustment for non-performance risk was $1 million and $(1) million , respectively. (b) Excluded excess cash collateral received and posted of $103 million and $432 million at March 31, 2018 , respectively, and $10 million and $255 million at March 31, 2018 and December 31, 2017 , respectively. (c) Excluded excess securities collateral received of $34 million and $16 million at March 31, 2018 and December 31, 2017 , respectively.
Fair Value of Derivative Liabilities	FAIR VALUE OF DERIVATIVES March 31, 2018 December 31, 2017 (In millions) Assets Liabilities Assets Liabilities Derivatives accounted for as hedges Interest rate contracts $ 1,619 $ 208 $ 1,862 $ 148 Currency exchange contracts 329 71 160 70 1,948 279 2,021 218 Derivatives not accounted for as hedges Interest rate contracts 39 10 93 8 Currency exchange contracts 1,264 1,658 1,111 2,043 Other contracts 89 127 139 91 1,392 1,795 1,343 2,143 Gross derivatives recognized in statement of financial position Gross derivatives 3,340 2,074 3,364 2,361 Gross accrued interest 231 (26 ) 469 (38 ) 3,571 2,048 3,833 2,323 Amounts offset in statement of financial position Netting adjustments(a) (1,534 ) (1,536 ) (1,457 ) (1,456 ) Cash collateral(b) (1,329 ) (155 ) (1,529 ) (578 ) (2,863 ) (1,691 ) (2,986 ) (2,034 ) Net derivatives recognized in statement of financial position Net derivatives 708 357 847 289 Amounts not offset in statement of financial position Securities held as collateral(c) (350 ) — (405 ) — Net amount $ 358 $ 357 $ 441 $ 289 Derivatives are classified in the captions "All other assets" and "All other liabilities" and the related accrued interest is classified in "Other GE Capital receivables" and "All other liabilities" in our Statement of Financial Position. (a) The netting of derivative receivables and payables is permitted when a legally enforceable master netting agreement exists. Amounts include fair value adjustments related to our own and counterparty non-performance risk. At March 31, 2018 and December 31, 2017 , the cumulative adjustment for non-performance risk was $1 million and $(1) million , respectively. (b) Excluded excess cash collateral received and posted of $103 million and $432 million at March 31, 2018 , respectively, and $10 million and $255 million at March 31, 2018 and December 31, 2017 , respectively. (c) Excluded excess securities collateral received of $34 million and $16 million at March 31, 2018 and December 31, 2017 , respectively.
Effects of Derivatives on Earnings	Three months ended March 31 (In millions) Effect on hedging instrument Effect on underlying Effect on earnings (a) 2018 Cash flow hedges $ 142 $ (142 ) $ — Fair value hedges (697 ) 672 (26 ) Net investment hedges(b) (603 ) 605 2 Economic hedges(c) 464 (574 ) (110 ) Total $ (134 ) 2017 Cash flow hedges $ 22 $ (22 ) $ — Fair value hedges (225 ) 163 (62 ) Net investment hedges(b) (563 ) 573 10 Economic hedges(c) (339 ) 224 (115 ) Total $ (167 ) The amounts in the table above generally do not include associated derivative accruals in income or expense. (a) For cash flow and fair value hedges, the effect on earnings is primarily related to ineffectiveness. For net investment hedges, the effect on earnings is related to ineffectiveness and spot-forward differences. (b) Both non-derivatives and derivatives hedging instruments are included. The carrying value of non-derivative instruments designated as net investment hedges was $(13,627) million and $(3,328) million at March 31, 2018 and 2017, respectively. Total pre-tax reclassifications from CTA to gain (loss) was zero and $60 million at March 31, 2018 and 2017, respectively. Total pre-tax reclassifications from CTA to gain (loss) included zero and $60 million recorded in discontinued operations at March 31, 2018 and 2017, respectively. (c) Net effect is substantially offset by the change in fair value of the hedged item that will affect earnings in future periods.
Cash Flow Hedge Activity	The table below summarizes this activity by hedging instrument. CASH FLOW HEDGE ACTIVITY Gain (loss) recognized in AOCI Gain (loss) reclassified for the three months ended March 31 for the three months ended March 31 (In millions) 2018 2017 2016 2018 2017 2016 Interest rate contracts $ (4 ) $ (2 ) 19 $ (2 ) $ (9 ) (30 ) Currency exchange contracts 146 22 (77 ) 66 8 (53 ) Commodity contracts — 2 1 — — (2 ) Total(a) $ 142 $ 22 (57 ) $ 65 $ (1 ) $ (84 ) (a) Gain (loss) is recorded in "GE Capital revenues from services", "Interest and other financial charges", and "Other costs and expenses" in our Statement of Earnings when reclassified.

VARIABLE INTEREST ENTITIES (Tab

VARIABLE INTEREST ENTITIES (Tables)	3 Months Ended
	Mar. 31, 2018
Variable Interest Entities [Abstract]
Schedule of Assets and Liabilities of Consolidated VIEs	The table below provides information about consolidated VIEs that are subject to ongoing disclosure requirements. Substantially all of these entities were created to help our customers finance the purchase of GE goods and services or to purchase GE customer notes receivable arising from sales of GE goods and services. These entities have no features that could expose us to losses that could significantly exceed the difference between the consolidated assets and liabilities. ASSETS AND LIABILITIES OF CONSOLIDATED VIEs GE Capital (In millions) GE Customer Notes receivables(a) Other(b) Total March 31, 2018 Assets Financing receivables, net $ — $ — $ 750 $ 750 Current receivables 86 442 — 528 Other assets 530 1,121 1,259 2,909 Total $ 616 $ 1,563 $ 2,008 $ 4,187 Liabilities Borrowings $ 41 $ — $ 928 $ 968 Non-recourse borrowings — 650 16 665 Other liabilities 264 817 555 1,636 Total $ 305 $ 1,467 $ 1,498 $ 3,270 December 31, 2017 Assets Financing receivables, net $ — $ — $ 792 $ 792 Current receivables 59 570 — 630 Investment securities — — 918 918 Other assets 586 1,182 1,920 3,688 Total $ 646 $ 1,752 $ 3,630 $ 6,028 Liabilities Borrowings $ 39 $ — $ 1,027 $ 1,066 Non-recourse borrowings — 669 16 685 Other liabilities 345 1,021 1,525 2,891 Total $ 384 $ 1,690 $ 2,568 $ 4,642 (a) Two funding vehicles established to purchase customer notes receivable from GE, one of which is partially funded by third-party debt. (b) In January 2018, ownership of the equity shares of Electric Insurance Company ("EIC") were distributed to GE Capital by a bankruptcy trustee. We have previously reported EIC as a VIE because we received a 100% beneficial interest in the assets, liabilities and operations of EIC, related to an interim distribution in 2001. As EIC is now a consolidated voting interest entity we removed EIC from our VIE disclosure. In 2017, $1,470 million of assets and $959 million of liabilities were included related to EIC.

COMMITMENTS, GUARANTEES, PROD48

COMMITMENTS, GUARANTEES, PRODUCT WARRANTIES AND OTHER LOSS CONTINGENCIES (Tables)	3 Months Ended
	Mar. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Schedule of Product Warranties	An analysis of changes in the liability for product warranties follows. Three months ended March 31 (In millions) 2018 2017 Balance at January 1 $ 2,348 $ 1,929 Current-year provisions 245 155 Expenditures (237 ) (210 ) Other changes(a) 149 17 Balance as of March 31 $ 2,505 $ 1,891 ( a) Primarily includes effect of currency exchange and acquisitions.
Rollforward of the Reserve	ROLLFORWARD OF THE RESERVE RELATED TO REPURCHASE CLAIMS Three months ended March 31 (In millions) 2018 2017 Balance, beginning of period $ 416 $ 626 Provision — — Claim resolutions / rescissions (74 ) — Balance, end of period $ 342 $ 626

CASH FLOWS INFORMATION (Tables)

CASH FLOWS INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2018
Supplemental Cash Flow Information [Abstract]
Cash Flows Information	Certain supplemental information related to our cash flows is shown below. GE Three months ended March 31 (In millions) 2018 2017 All other operating activities (Gains) losses on purchases and sales of business interests(a) $ 63 $ (13 ) Income taxes(b) 242 (239 ) Principal pension plans(c) 720 929 Other postretirement benefit plans(d) (423 ) (267 ) Restructuring and other charges(e) 132 365 Other(f) (1,532 ) (875 ) $ (798 ) $ (101 ) All other investing activities Derivative settlements (net)(g) $ (163 ) $ — Investments in intangible assets (net) (584 ) (154 ) Other 26 (23 ) $ (721 ) $ (177 ) Net dispositions (purchases) of GE shares for treasury Open market purchases under share repurchase program $ (80 ) $ (1,875 ) Other purchases (4 ) (13 ) Dispositions 77 309 $ (8 ) $ (1,578 ) (a) Included a pre-tax valuation allowance on businesses classified as held for sale of $49 million in the three months ended March 31, 2018 . See Note 2. (b) Reflected the effects of current tax expense of $541 million and $435 million and net cash paid during the year for income taxes of $(299) million and $(674) million for the three months ended March 31, 2018 and 2017, respectively. Cash flows effects of deferred tax provisions (benefits) are shown separately within Cash flows from operating activities in the Statement of Cash Flows. (c) Reflected the effects of pension costs of $1,065 million and $983 million and employer contributions of $(345) million and $(54) million for the three months ended March 31, 2018 and 2017, respectively. See Note 13. (d) Reflected the effects of other postretirement plans costs (income) of $(46) million and $114 million and employer contributions of $(377) million and $(267) million for the three months ended March 31, 2018 and 2017, respectively. See Note 13. (e) Reflected the effects of restructuring and other charges of $585 million and $979 million and restructuring and other cash expenditures of $(453) million and $(614) million for the three months ended March 31, 2018 and 2017, respectively. Excludes non-cash adjustments reflected as Depreciation and amortization of property, plant and equipment in the Statement of Cash Flows. (f) Included other non-cash adjustments to net income, such as write-downs of assets and the impacts of acquisition accounting and changes in other assets and other liabilities classified as operating activities, such as the timing of payments of employee-related liabilities, contract-related costs and customer allowances. (g) Excluded net derivative settlements of $(151) million in the three months ended March 31, 2017. The classification of the settlement of derivative instruments was changed from operating cash flows to investing cash flows in the second half of 2017.

INTERCOMPANY TRANSACTIONS (Tabl

INTERCOMPANY TRANSACTIONS (Tables)	3 Months Ended
	Mar. 31, 2018
Related Party Transactions [Abstract]
Schedule of Intercompany Eliminations	Presented below is a walk of intercompany eliminations from the combined GE and GE Capital totals to the consolidated cash flows from continuing operations. Three months ended March 31, 2018 (In millions) 2018 2017 Cash from (used for) operating activities-continuing operations Combined $ (473 ) $ 487 GE current receivables sold to GE Capital 1,815 1,958 GE Capital dividends to GE — (2,000 ) Other reclassifications and eliminations(a) 81 131 Total cash from (used for) operating activities-continuing operations $ 1,423 $ 576 Cash from (used for) investing activities-continuing operations Combined $ 973 $ 4,971 GE current receivables sold to GE Capital (2,371 ) (2,412 ) GE Capital long-term loans to GE 285 4,075 GE Capital short-term loan to GE — (1,329 ) Other reclassifications and eliminations(a) (457 ) (570 ) Total cash from (used for) investing activities-continuing operations $ (1,570 ) $ 4,735 Cash from (used for) financing activities-continuing operations Combined $ (12,545 ) $ (12,331 ) GE current receivables sold to GE Capital 556 454 GE Capital dividends to GE — 2,000 GE Capital long-term loans to GE (285 ) (4,075 ) GE Capital short-term loan to GE — 1,329 Other reclassifications and eliminations(a) 375 438 Total cash from (used for) financing activities-continuing operations $ (11,899 ) $ (12,185 ) (a) Includes eliminations of other cash flows activities, including those related to GE Capital enabled GE industrial orders, financing of long-term receivables, various investments, loans and allocations of GE corporate overhead costs.

GUARANTOR FINANCIAL INFORMATI51

GUARANTOR FINANCIAL INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2018
Condensed Financial Information of Parent Company Only 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 MARCH 31, 2018 (UNAUDITED) (in millions) Parent Company Guarantor Subsidiary Issuer Subsidiary Guarantor Non- Guarantor Subsidiaries Consolidating Adjustments Consolidated Revenues Sales of goods and services $ 7,704 $ — $ — $ 37,980 $ (18,810 ) $ 26,874 GE Capital revenues from services — 208 226 1,557 (205 ) 1,786 Total revenues 7,704 208 226 39,538 (19,015 ) 28,660 Costs and expenses Interest and other financial charges 1,380 206 547 1,263 (2,111 ) 1,285 Other costs and expenses 8,137 — — 38,143 (19,113 ) 27,168 Total costs and expenses 9,517 206 547 39,407 (21,224 ) 28,453 Other income (loss) 275 — — (1,873 ) 1,804 205 Equity in earnings (loss) of affiliates 2,592 — 620 (159 ) (3,054 ) — Earnings (loss) from continuing operations before income taxes 1,054 2 299 (1,901 ) 959 413 Benefit (provision) for income taxes (648 ) — — 600 75 27 Earnings (loss) from continuing operations 406 2 299 (1,301 ) 1,034 440 Earnings (loss) from discontinued operations, net of taxes (1,553 ) — (17 ) 1 16 (1,553 ) Net earnings (loss) (1,147 ) 2 282 (1,300 ) 1,050 (1,113 ) Less net earnings (loss) attributable to noncontrolling interests — — — (5 ) 39 34 Net earnings (loss) attributable to the Company (1,147 ) 2 282 (1,294 ) 1,011 (1,147 ) Other comprehensive income (loss) 1,542 — 39 878 (917 ) 1,542 Comprehensive income (loss) attributable to the Company $ 395 $ 2 $ 321 $ (416 ) $ 94 $ 395 CONDENSED CONSOLIDATING STATEMENT OF EARNINGS (LOSS) AND COMPREHENSIVE INCOME (LOSS) FOR THE THREE MONTHS ENDED MARCH 31, 2017 (UNAUDITED) (in millions) Parent Company Guarantor Subsidiary Issuer Subsidiary Guarantor Non- Guarantor Subsidiaries Consolidating Adjustments Consolidated Revenues Sales of goods and services $ 8,792 $ — $ — $ 36,090 $ (20,265 ) $ 24,617 GE Capital revenues from services — 156 186 2,270 (347 ) 2,264 Total revenues 8,792 156 186 38,360 (20,612 ) 26,881 Costs and expenses Interest and other financial charges 910 150 455 1,082 (1,457 ) 1,139 Other costs and expenses 9,630 — 13 35,940 (19,591 ) 25,992 Total costs and expenses 10,539 150 468 37,022 (21,048 ) 27,131 Other income (loss) 54 — — 4,620 (4,477 ) 197 Equity in earnings (loss) of affiliates 1,708 — 242 36,682 (38,632 ) — Earnings (loss) from continuing operations before income taxes 15 6 (40 ) 42,640 (42,673 ) (53 ) Benefit (provision) for income taxes 145 (1 ) 115 (469 ) 315 105 Earnings (loss) from continuing operations 159 5 74 42,171 (42,358 ) 52 Earnings (loss) from discontinued operations, net of taxes (242 ) — 283 1 (280 ) (239 ) Net earnings (loss) (83 ) 5 357 42,172 (42,638 ) (187 ) Less net earnings (loss) attributable to noncontrolling interests — — — (48 ) (55 ) (104 ) Net earnings (loss) attributable to the Company (83 ) 5 357 42,220 (42,583 ) (83 ) Other comprehensive income (loss) 1,822 — 617 (1,457 ) 840 1,822 Comprehensive income (loss) attributable to the Company $ 1,739 $ 5 $ 974 $ 40,763 $ (41,743 ) $ 1,739
Condensed Consolidating Statement of Financial Position	CONDENSED CONSOLIDATING STATEMENT OF FINANCIAL POSITION MARCH 31, 2018 (UNAUDITED) (In millions) Parent Company Guarantor Subsidiary Issuer Subsidiary Guarantor Non- Guarantor Subsidiaries Consolidating Adjustments Consolidated Assets Cash, cash equivalents and restricted cash $ 18 $ — $ 3 $ 32,749 $ (641 ) $ 32,129 Investment securities 1 — — 38,148 (992 ) 37,156 Receivables - net 46,397 17,468 32,603 82,863 (139,833 ) 39,498 Inventories 4,705 — — 22,165 (6,297 ) 20,574 Property, plant and equipment - net 5,789 — — 49,614 (1,753 ) 53,650 Investment in subsidiaries(a) 283,079 — 78,928 717,025 (1,079,032 ) — Goodwill and intangible assets 8,483 — — 91,260 6,387 106,129 All other assets 10,087 16 191 219,939 (166,931 ) 63,303 Assets of discontinued operations — — — — 5,670 5,670 Total assets $ 358,558 $ 17,484 $ 111,725 $ 1,253,765 $ (1,383,423 ) $ 358,109 Liabilities and equity Short-term borrowings $ 167,854 $ — $ 47,485 $ 17,468 $ (213,435 ) $ 19,371 Accounts payable 16,362 — — 48,275 (49,577 ) 15,060 Other current liabilities 11,662 8 3 34,175 (6,747 ) 39,102 Long-term and non-recourse borrowings 64,468 15,916 34,772 54,626 (63,313 ) 106,469 All other liabilities 42,247 542 135 65,808 (9,470 ) 99,262 Liabilities of discontinued operations — — — — 2,104 2,104 Total Liabilities 302,593 16,466 82,395 220,351 (340,437 ) 281,367 Redeemable noncontrolling interests — — — 2,787 762 3,549 GE shareowners' equity 55,965 1,018 29,330 1,029,234 (1,059,582 ) 55,965 Noncontrolling interests — — — 1,394 15,835 17,228 Total equity 55,965 1,018 29,330 1,030,627 (1,043,747 ) 73,193 Total liabilities, redeemable noncontrolling interests and equity $ 358,558 $ 17,484 $ 111,725 $ 1,253,765 $ (1,383,423 ) $ 358,109 (a) Included within the subsidiaries of the Subsidiary Guarantor are cash and cash equivalent balances of $9,099 million and net assets of discontinued operations of $3,589 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 $ 0 $ 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 THREE MONTHS ENDED MARCH 31, 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 $ 19,897 $ 146 $ (427 ) $ (17,187 ) $ (1,006 ) $ 1,423 Cash from (used for) operating activities - discontinued operations (1,553 ) — — 1,521 (1 ) (33 ) Cash from (used for) operating activities 18,344 146 (427 ) (15,666 ) (1,007 ) 1,390 Cash flows – investing activities Cash from (used for) investing activities – continuing operations 6,242 (75 ) (788 ) (15,541 ) 8,591 (1,570 ) Cash from (used for) investing activities – discontinued operations — — — (74 ) — (74 ) Cash from (used for) investing activities 6,242 (75 ) (788 ) (15,615 ) 8,591 (1,644 ) Cash flows – financing activities Cash from (used for) financing activities – continuing operations (28,041 ) (70 ) 1,214 22,479 (7,482 ) (11,899 ) Cash from (used for) financing activities – discontinued operations — — — — — — Cash from (used for) financing activities (28,041 ) (70 ) 1,214 22,479 (7,482 ) (11,899 ) Effect of currency exchange rate changes on cash, cash equivalents and restricted cash — — — 208 — 208 Increase (decrease) in cash, cash equivalents and restricted cash (3,454 ) — — (8,593 ) 103 (11,945 ) 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 March 31 18 — 3 33,399 (641 ) 32,779 Less cash, cash equivalents and restricted cash of discontinued operations at March 31 — — — 650 — 650 Cash, cash equivalents and restricted cash of continuing operations at March 31 $ 18 $ — $ 3 $ 32,749 $ (641 ) $ 32,129 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS THREE MONTHS ENDED MARCH 31, 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 $ (9,938 ) $ 13 $ 627 $ 77,587 $ (67,713 ) $ 576 Cash from (used for) operating activities - discontinued operations (242 ) — — (418 ) 3 (658 ) Cash from (used for) operating activities (10,180 ) 13 627 77,169 (67,710 ) (82 ) Cash flows – investing activities Cash from (used for) investing activities – continuing operations 4,386 (13 ) 584 (70,181 ) 69,958 4,735 Cash from (used for) investing activities – discontinued operations — — — (2,026 ) — (2,026 ) Cash from (used for) investing activities 4,386 (13 ) 584 (72,207 ) 69,958 2,709 Cash flows – financing activities Cash from (used for) financing activities – continuing operations 3,713 — (1,212 ) (13,212 ) (1,474 ) (12,185 ) Cash from (used for) financing activities – discontinued operations — — — 1,907 — 1,907 Cash from (used for) financing activities 3,713 — (1,212 ) (11,305 ) (1,474 ) (10,278 ) Effect of currency exchange rate changes on cash, cash equivalents and restricted cash — — — 133 — 133 Increase (decrease) in cash, cash equivalents and restricted cash (2,081 ) — (1 ) (6,209 ) 773 (7,518 ) 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 March 31 647 — 41 42,994 (816 ) 42,866 Less cash, cash equivalents and restricted cash of discontinued operations at March 31 — — — 824 — 824 Cash, cash equivalents and restricted cash of continuing operations at March 31 $ 647 $ — $ 41 $ 42,170 $ (816 ) $ 42,042

SEGMENT OPERATIONS (Tables)

SEGMENT OPERATIONS (Tables)	3 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
Summary of Operating Segments	SUMMARY OF OPERATING SEGMENTS Three months ended March 31 (In millions) 2018 2017 V% Revenues Power(a) $ 7,222 $ 7,940 (9) % Renewable Energy 1,646 1,767 (7) % Oil & Gas 5,385 3,086 74 % Aviation 7,112 6,673 7 % Healthcare 4,702 4,305 9 % Transportation 872 979 (11) % Lighting(a) 456 462 (1) % Total industrial segment revenues 27,395 25,213 9 % Capital 2,173 2,681 (19) % Total segment revenues 29,569 27,894 6 % Corporate items and eliminations (908 ) (1,013 ) 10 % Consolidated revenues $ 28,660 $ 26,881 7 % Segment profit (loss) Power(a) $ 273 $ 438 (38) % Renewable Energy 77 70 10 % Oil & Gas(b) (144 ) 260 U Aviation 1,603 1,273 26 % Healthcare 735 661 11 % Transportation 130 95 37 % Lighting(a) 1 10 (90) % Total industrial segment profit 2,675 2,807 (5) % Capital (215 ) (47 ) U Total segment profit (loss) 2,460 2,760 (11 )% Corporate items and eliminations (653 ) (1,402 ) 53 % GE interest and other financial charges (642 ) (564 ) (14) % GE non-operating benefit costs (684 ) (649 ) (5) % GE benefit (provision) for income taxes (112 ) (23 ) U Earnings (loss) from continuing operations attributable to GE common shareowners 369 122 F Earnings (loss) from discontinued operations, net of taxes (1,553 ) (239 ) U Less net earnings attributable to noncontrolling interests, discontinued operations — — Earnings (loss) from discontinued operations, net of tax and noncontrolling interest (1,553 ) (239 ) U Consolidated net earnings (loss) attributable to the GE common shareowners $ (1,184 ) $ (117 ) U (a) Beginning in the third quarter of 2017, the Energy Connections business within the former Energy Connections & Lighting segment was combined with the Power segment and presented as one reporting segment called Power. As a result of this combination, our GE Lighting and Current, powered by GE (Current) businesses are now reported as a separate segment called Lighting. (b) Oil & Gas segment operating profit excluding restructuring and other charges was $181 million for the three months ended March 31, 2018.

BASIS OF PRESENTATION AND SUM53

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($) $ in Millions		3 Months Ended			12 Months Ended
		Mar. 31, 2018		Mar. 31, 2017	Dec. 31, 2017		Dec. 31, 2016	Dec. 31, 2015
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Retained earnings		$ 115,477			$ 117,245
Earnings (loss) from continuing operations		(440)		$ (52)
Assets	[1]	(358,109)			(369,245)
Cash and restricted cash		32,129	[2]	42,042	$ 43,967	[2]
Cash flows from operating activities		(1,390)		82
Cash flows from investing activities		$ (1,644)		2,709
Percentage of LIFO inventory					32.00%
ASU 2014-09 | Difference between Revenue Guidance in Effect before and after Topic 606
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Retained earnings					$ (8,061)			$ (4,240)
Revenues					2,224		$ 220
Earnings (loss) from continuing operations					2,668		1,182
Assets					8,317
ASU 2014-09 | Difference between Revenue Guidance in Effect before and after Topic 606 | Services
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Contract asset					8,255
ASU 2014-09 | Difference between Revenue Guidance in Effect before and after Topic 606 | Aviation Commercial Engines
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Contract asset					1,755
ASU 2016-18
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cash and restricted cash					668		654
ASU 2016-15
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cash flows from operating activities					553
Cash flows from investing activities					553
ASU 2016-16
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Retained earnings					464
ASU 2015-11
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Retained earnings					(377)			$ (105)
Earnings (loss) from continuing operations				$ (15)	$ (124)		$ (147)
[1]	Our consolidated assets at March 31, 2018 included total assets of $3,927 million of certain variable interest entities (VIEs) that can only be used to settle the liabilities of those VIEs. These assets included current receivables and net financing receivables of $1,460 million within continuing operations and assets of discontinued operations of $280 million. Our consolidated liabilities at March 31, 2018 included liabilities of certain VIEs for which the VIE creditors do not have recourse to GE. These liabilities included non-recourse borrowings of consolidated securitization entities (CSEs) of $(665) million within continuing operations. See Note 18.
[2]	Includes restricted cash of $501 million and $668 million at March 31, 2018 and December 31, 2017, respectively.

BUSINESSES HELD FOR SALE AND 54

BUSINESSES HELD FOR SALE AND DISCONTINUED OPERATIONS - Narrative (Details) - USD ($) $ in Millions	Sep. 25, 2017	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017	Nov. 13, 2017
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Assets planned to be disposed of					$ 20,000
Assets		$ 5,670	$ 5,912
Liabilities		2,104	706
Net cash proceeds		29		$ 789
Held for Sale, Not Discontinued Operation
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Assets		4,310	4,164		1,684
Liabilities		1,024	1,248		$ 721
Pre-tax gain (loss) on disposal		(1,075)	(1,033)
After-tax gain (loss) recognized		$ (1,045)	$ (1,024)
Held for Sale, Not Discontinued Operation | Power | Industrial Solutions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Assets	$ 2,308
Liabilities	413
Consideration received	2,600
Net cash proceeds	$ 1,900

BUSINESSES HELD FOR SALE AND 55

BUSINESSES HELD FOR SALE AND DISCONTINUED OPERATIONS - Financial Information for Assets and Liabilities of Businesses Held for Sale (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017	Nov. 13, 2017
Assets
Assets	$ 5,670	$ 5,912
Liabilities
Liabilities	2,104	706
GE Capital
Assets
Assets	5,670	5,912
Liabilities
Liabilities	2,081	683
GE Capital | Affiliated Entity
Assets
Current receivables	318	366
GE Capital Services | Affiliated Entity
Liabilities
Accounts payable	(111)
Held for Sale, Not Discontinued Operation
Assets
Current receivables	593	612
Inventories	964	931
Property, plant, and equipment – net	964	931
Goodwill	1,659	1,619
Other intangible assets – net	411	403
Contract assets	660	619
Valuation allowance on disposal group classified as held for sale	(1,049)	(1,000)
Other assets	107	49
Assets	4,310	4,164	$ 1,684
Liabilities
Accounts payable	672	602
Progress collections and deferred income	146	179
Non-current compensation and benefits	42	162
Other liabilities	163	305
Liabilities	$ 1,024	$ 1,248	$ 721

BUSINESSES HELD FOR SALE AND 56

BUSINESSES HELD FOR SALE AND DISCONTINUED OPERATIONS - Financial Information for Discontinued Operations (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Disposal
Earnings (loss) from discontinued operations, net of taxes and noncontrolling interests	$ (1,553)	$ (239)
Assets
Assets	5,670		$ 5,912
Liabilities
Liabilities	2,104		706
GE Capital
Disposal
Earnings (loss) from discontinued operations, net of taxes and noncontrolling interests	(1,553)	(242)
Assets
Assets	5,670		5,912
Liabilities
Liabilities	2,081		683
Discontinued Operations
Operations
Total revenues and other income (loss)	(1,472)	79
Earnings (loss) from discontinued operations before income taxes	(1,574)	(196)
Benefit (provision) for income taxes	19	62
Earnings (loss) from discontinued operations, net of taxes	(1,555)	(134)
Disposal
Gain (loss) on disposal before income taxes	4	(27)
Benefit (provision) for income taxes	(1)	(78)
Gain (loss) on disposal, net of taxes	3	(105)
Earnings (loss) from discontinued operations, net of taxes and noncontrolling interests	(1,553)	(239)
Earnings (loss) from discontinued operations	(1,571)	(223)
Assets
Cash, cash equivalents and restricted cash	650		757
Investment securities	590		647
Deferred income taxes	1,024		951
Financing receivables held for sale	3,180		3,215
Other assets	226		342
Assets	5,670		5,912
Liabilities
Accounts payable	53		51
Borrowings	0		1
Other liabilities	2,052		654
Liabilities	2,104		$ 706
Discontinued Operations | GE Capital
Disposal
Current tax benefit (provision) for discontinued operations and disposals	(9)	(576)
Deferred tax benefit (provision)	27	560
Discontinued Operations | GE Capital | U.S. Federal
Disposal
Current tax benefit (provision) for discontinued operations and disposals	$ 24	$ (587)

INVESTMENT SECURITIES - Schedul

INVESTMENT SECURITIES - Schedule of Investment Securities (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2018	Dec. 31, 2017
Schedule of Available-for-sale Securities [Line Items]
Amortized cost		$ 33,808	$ 34,246
Gross unrealized gains		3,657	4,564
Gross unrealized losses		(309)	(114)
Estimated fair value		37,156	38,696
Investment securities		37,156	38,696
Net unrealized gains (losses) recorded to earnings		(17)
GE
Schedule of Available-for-sale Securities [Line Items]
Investment securities	[1]	544	569
Equity securities		119	141
U.S. corporate
Schedule of Available-for-sale Securities [Line Items]
Amortized cost		21,637	20,104
Gross unrealized gains		3,014	3,775
Gross unrealized losses		(130)	(35)
Estimated fair value		24,522	23,843
Non-U.S. corporate
Schedule of Available-for-sale Securities [Line Items]
Amortized cost		3,394	5,455
Gross unrealized gains		77	86
Gross unrealized losses		(14)	(13)
Estimated fair value		3,458	5,528
State and municipal
Schedule of Available-for-sale Securities [Line Items]
Amortized cost		3,674	3,775
Gross unrealized gains		439	534
Gross unrealized losses		(53)	(40)
Estimated fair value		4,061	4,269
Mortgage and asset-backed
Schedule of Available-for-sale Securities [Line Items]
Amortized cost		3,313	2,820
Gross unrealized gains		62	81
Gross unrealized losses		(45)	(23)
Estimated fair value		3,330	2,878
Government and agencies
Schedule of Available-for-sale Securities [Line Items]
Amortized cost		1,636	1,927
Gross unrealized gains		64	75
Gross unrealized losses		(68)	(2)
Estimated fair value		1,632	2,000
Equity
Schedule of Available-for-sale Securities [Line Items]
Amortized cost		154	166
Gross unrealized gains		0	12
Gross unrealized losses		0	0
Estimated fair value		$ 154	$ 178
[1]	Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis. See Note 1.

INVESTMENT SECURITIES - Narrati

INVESTMENT SECURITIES - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Equity securities without readily determinable fair values	$ 757
Cumulative upward adjustment	8
Cumulative impairment loss	5
Gross realized gains on debt securities	13	$ 95
Gross realized losses	(1)	(1)
Proceeds from investment securities sales and early redemptions by issuers	322	$ 1,073
Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cost and equity method investments	$ 4,226		$ 4,413

INVESTMENT SECURITIES - Estimat

INVESTMENT SECURITIES - Estimated Fair Value and Gross Unrealized Losses (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Estimated fair value
Less than 12 months	$ 5,810	$ 3,093
12 months or more	3,216	4,949
Gross unrealized losses
Less than 12 months	(183)	(23)
12 months or more	(125)	(91)
U.S. corporate
Estimated fair value
Less than 12 months	3,160	502
12 months or more	568	605
Gross unrealized losses
Less than 12 months	(77)	(6)
12 months or more	(53)	(30)
Non-U.S. corporate
Estimated fair value
Less than 12 months	426	1,169
12 months or more	2,041	3,685
Gross unrealized losses
Less than 12 months	(5)	(4)
12 months or more	(8)	(10)
State and municipal
Estimated fair value
Less than 12 months	205	48
12 months or more	263	272
Gross unrealized losses
Less than 12 months	(4)	(1)
12 months or more	(49)	(39)
Mortgage and asset-backed
Estimated fair value
Less than 12 months	1,534	979
12 months or more	325	318
Gross unrealized losses
Less than 12 months	(30)	(11)
12 months or more	(15)	(12)
Government and agencies
Estimated fair value
Less than 12 months	486	395
12 months or more	20	69
Gross unrealized losses
Less than 12 months	(68)	(2)
12 months or more	$ 0	$ 0

INVESTMENT SECURITIES - Contrac

INVESTMENT SECURITIES - Contractual Maturities (Details) $ in Millions	Mar. 31, 2018USD ($)
Amortized cost
Within one year	$ 2,729
After one year through five years	3,159
After five years through ten years	6,163
After ten years	18,352
Estimated fair value
Within one year	2,730
After one year through five years	3,276
After five years through ten years	6,617
After ten years	$ 21,124

CURRENT RECEIVABLES - Schedule

CURRENT RECEIVABLES - Schedule of Current Receivables (Details) - USD ($) $ in Millions		3 Months Ended	12 Months Ended
		Mar. 31, 2018	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current receivables		$ 23,573	$ 25,282
Allowance for losses		(1,014)	(1,073)
Total		22,560	24,209
Outstanding balance of current receivables		2,330	2,541
GE Capital
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total		0	0
Outstanding balance of current receivables		1,170	1,621
Receivables Facility
Accounts, Notes, Loans and Financing Receivable [Line Items]
Deferred purchase price receivable		407	388
Outstanding balance of current receivables		3,323	3,222
Maximum exposure to under limited recourse arrangements		80	90
GE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current receivables		15,671	15,693
Allowance for losses		(999)	(1,055)
Total	[1]	14,672	14,638
GE Industrial customer receivables sold to a GE Capital affiliate		8,677	10,370
GE current receivables balances, before allowance for losses		$ 10,544	$ 10,452
[1]	Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis. See Note 1.

CURRENT RECEIVABLES - Narrative

CURRENT RECEIVABLES - Narrative (Details) - USD ($)	3 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Related Party Transaction [Line Items]
Cash collections on previously sold current receivables	$ 5,315,000,000
Transferred receivables that remain outstanding	2,330,000,000	$ 2,541,000,000
Purchasing Entities
Related Party Transaction [Line Items]
Purchase of newly originated current receivables	720,000,000
Increase in DPP obligation	61,000,000
GE Capital
Related Party Transaction [Line Items]
Servicing fees	8,000,000
Affiliated Entity | GE Industrial customer receivables sold to GE Capital
Related Party Transaction [Line Items]
Current receivables sold to GE Capital	5,416,000,000
Loss resulting from discount on sale of receivables	32,000,000
Receivables Facility
Related Party Transaction [Line Items]
Revolving receivables facility	3,750,000,000
Cash collections on previously sold current receivables	4,610,000,000
Amount reinvested by the purchasing entities	42,000,000
Transferred receivables that remain outstanding	$ 3,323,000,000	$ 3,222,000,000

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Inventory Disclosure [Abstract]
Raw materials and work in process	$ 10,983	$ 10,131
Finished goods	9,334	8,847
Unbilled shipments	256	441
Total Inventories	$ 20,574	$ 19,419

GE CAPITAL FINANCING RECEIVAB64

GE CAPITAL FINANCING RECEIVABLES AND ALLOWANCE FOR LOSSES ON FINANCING RECEIVABLES - Schedule of Financing Receivables, Net (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables – net	$ 10,134	$ 10,336
Financing Receivables Portfolio Segment | Affiliated Entity
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables, net of deferred income	20,146	22,018
Allowance for losses	(47)	(51)
Financing receivables – net	20,099	21,967
Financing Receivables Portfolio Segment | Affiliated Entity | Loans, net of deferred income
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables, net of deferred income	15,764	17,404
Financing Receivables Portfolio Segment | Affiliated Entity | Investment in financing leases, net of deferred income
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables, net of deferred income	$ 4,383	$ 4,614

GE CAPITAL FINANCING RECEIVAB65

GE CAPITAL FINANCING RECEIVABLES AND ALLOWANCE FOR LOSSES ON FINANCING RECEIVABLES - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable	$ 10,134	$ 10,336
Guaranteed loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses	160	161
Financing Receivables Portfolio Segment | GE Capital | Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables on nonaccrual	257	239
Financing receivable	904	890
Financing Receivables Portfolio Segment | 30 and 90 days past due | GE Capital | Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables on nonaccrual	248
Financing Receivables Portfolio Segment | Affiliated Entity
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables on nonaccrual	$ 324	$ 252
Percent of financing receivables on nonaccrual	1.60%	1.10%
Nonaccrual financing receivables currently paying in accordance with contractual terms	$ 202
Recorded investment in impaired loans	357	$ 286
Troubled debt restructurings included in impaired loans	130
Financing receivable	20,099	21,967
Allowance for loan losses	47	51
Financing Receivables Portfolio Segment | Affiliated Entity | Over 30 days past due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables past due	$ 864	$ 550
Percent of financing receivables over 30 days past due	4.30%	2.50%
Financing Receivables Portfolio Segment | Affiliated Entity | Over 90 days past due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables past due	$ 408	$ 140
Percent of financing receivables over 90 days past due	2.00%	0.60%
Energy Financial Services [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Write-offs on financing receivables	$ 14	$ 156
Energy Financial Services [Member] | Investment in financing leases, net of deferred income
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables classified as held for sale	2,081	2,231
Pre-tax provision for losses on financing receivables	$ 14	$ 137

PROPERTY, PLANT AND EQUIPMENT66

PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Property, Plant and Equipment [Abstract]
Original cost	$ 90,214		$ 89,607
Less accumulated depreciation and amortization	(36,564)		(35,733)
Property, plant and equipment – net	53,650		$ 53,874
Consolidated depreciation and amortization on property, plant and equipment	$ 1,300	$ 1,193

ACQUISITIONS, GOODWILL AND OT67

ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS - Acquisitions (Details) - USD ($) $ in Millions	Apr. 20, 2017	Jan. 10, 2017	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Nov. 17, 2016
Business Acquisition [Line Items]
Purchase price			$ 0	$ 967
Goodwill			$ 85,468			$ 83,968
Arcam AB
Business Acquisition [Line Items]
Percentage owned by noncontrolling interest owners			3.80%
LM Wind Power
Business Acquisition [Line Items]
Purchase price	$ 1,700
Goodwill	1,600
Amortizable intangible assets	$ 210
ServiceMax
Business Acquisition [Line Items]
Purchase price		$ 867
Goodwill		686
Amortizable intangible assets		$ 279
Ownership interest acquired (as a percent)		96.00%
Cash acquired from acquisition		$ 91
Equity interest in acquiree (as a percent)		4.00%
Arcam AB
Business Acquisition [Line Items]
Purchase price					$ 477
Goodwill							$ 523
Ownership interest acquired (as a percent)			20.00%
Equity interest in acquiree (as a percent)							14.30%
Total ownership percent			96.20%				76.20%
Amortizable intangible assets							$ 96
Cash consideration			$ 203

ACQUISITIONS, GOODWILL AND OT68

ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS - Baker Hughes (Details) - USD ($) $ / shares in Units, $ in Millions	Jul. 03, 2017	Mar. 31, 2018	Dec. 31, 2017
BHGE
Business Acquisition [Line Items]
Increase (decrease) to additional paid in capital		$ 97	$ (126)
Increase in goodwill		329
Reduction in fair values of property, plant and equipment		288
Reduction in intangible assets		45
Cumulative decrease to depreciation and amortization expense		$ 27
BHGE | GE
Business Acquisition [Line Items]
Cash consideration	$ 7,498
Ownership interest acquired (as a percent)	62.50%
Total consideration	$ 24,798
Noncontrolling interest	$ 16,231
BHGE | GE | Class B Common Stock
Business Acquisition [Line Items]
Ownership interest acquired (as a percent)	62.50%
BHGE | Baker Hughes
Business Acquisition [Line Items]
Ownership interest acquired (as a percent)	37.50%
BHGE | BHGE | Baker Hughes
Business Acquisition [Line Items]
Special one-time cash dividend (in dollars per share)	$ 17.50
BHGE | BHGE | Class A Common Stock | Baker Hughes
Business Acquisition [Line Items]
Shares of BHGE Class A Common Stock received by Baker Hughes' former shareholders (in shares)	1
Baker Hughes
Business Acquisition [Line Items]
Cash consideration	$ 7,498
Total consideration	24,798
Noncontrolling interest	76
Baker Hughes | Oil & Gas
Business Acquisition [Line Items]
Goodwill deductible for tax purposes	$ 67

ACQUISITIONS, GOODWILL AND OT69

ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS - Purchase Price (Details) - Baker Hughes $ in Millions	Jul. 03, 2017USD ($)
Business Acquisition [Line Items]
Cash consideration	$ 7,498
Fair value of the Class A Shares in BHGE issued to Baker Hughes shareholders	17,300
Total consideration for Baker Hughes	$ 24,798

ACQUISITIONS, GOODWILL AND OT70

ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS - Preliminary Identifiable Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Millions	Jul. 03, 2017	Mar. 31, 2018	Dec. 31, 2017
Business Acquisition [Line Items]
Goodwill		$ 85,468	$ 83,968
Baker Hughes
Business Acquisition [Line Items]
Cash and cash equivalents	$ 4,133
Accounts receivable	2,342
Inventories	1,706
Property, plant, and equipment - net	4,571
Other intangible assets - net	4,078
All other assets	1,596
Accounts payable	(1,242)
Borrowings	(3,370)
Deferred taxes	(390)
All other liabilities	(2,235)
Total identifiable net assets	11,189
Fair value of existing noncontrolling interest	(76)
Goodwill	13,685
Total allocated purchase price	24,798
Increase to deferred taxes primarily related to fair value adjustments to identifiable assets and liabilities	1,080
Tax asset associated with the recognition of foreign tax credits	$ 572

ACQUISITIONS, GOODWILL AND OT71

ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS - Estimated Fair Value of Intangible Assets and Useful Lives in the Preliminary Purchase Price Allocation (Details) - Baker Hughes $ in Millions	Jul. 03, 2017USD ($)
Acquired Finite-Lived Intangible Assets [Line Items]
Estimated fair value	$ 4,078
Trademarks
Acquired Indefinite-lived Intangible Assets [Line Items]
Indefinite lived intangibles, estimated fair value	2,100
In-process research and development
Acquired Indefinite-lived Intangible Assets [Line Items]
Indefinite lived intangibles, estimated fair value	70
Customer-related
Acquired Finite-Lived Intangible Assets [Line Items]
Finite lived intangibles, estimated fair value	$ 1,320
Estimated useful life (in years)	15 years
Patents and technology
Acquired Finite-Lived Intangible Assets [Line Items]
Finite lived intangibles, estimated fair value	$ 465
Estimated useful life (in years)	10 years
Trademarks
Acquired Finite-Lived Intangible Assets [Line Items]
Finite lived intangibles, estimated fair value	$ 40
Estimated useful life (in years)	10 years
Capitalized software
Acquired Finite-Lived Intangible Assets [Line Items]
Finite lived intangibles, estimated fair value	$ 62
Capitalized software | Lower limit
Acquired Finite-Lived Intangible Assets [Line Items]
Estimated useful life (in years)	3 years
Capitalized software | Upper limit
Acquired Finite-Lived Intangible Assets [Line Items]
Estimated useful life (in years)	7 years
Favorable lease contracts
Acquired Finite-Lived Intangible Assets [Line Items]
Finite lived intangibles, estimated fair value	$ 21
Estimated useful life (in years)	10 years

ACQUISITIONS, GOODWILL AND OT72

ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS - Income Taxes (Details) - BHGE $ in Millions	Jul. 03, 2017USD ($)
Business Acquisition [Line Items]
Tax benefits GE will be entitled to (as a percent)	100.00%
GE
Business Acquisition [Line Items]
Ownership interest (as a percent)	62.50%
Baker Hughes
Business Acquisition [Line Items]
Ownership interest (as a percent)	37.50%
Tax Obligations and Benefits Assumed
Business Acquisition [Line Items]
Tax obligations assumed	$ 33

ACQUISITIONS, GOODWILL AND OT73

ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS - Integration and Acquisition Costs (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Business Combinations [Abstract]
Integration and acquisition costs	$ 46	$ 65

ACQUISITIONS, GOODWILL AND OT74

ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS - Schedule of Unaudited Pro Forma Information (Details) - Baker Hughes - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Business Acquisition [Line Items]
Revenues	$ 28,660	$ 29,140
Earnings (loss) from continuing operations	$ 477	$ (32)

ACQUISITIONS, GOODWILL AND OT75

ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS - Changes in Goodwill Balances (Details) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)
Goodwill
Balance at beginning of period	$ 83,968
Acquisitions	0
Dispositions, currency exchange and other	1,498
Balance at end of period	85,468
Operating Segments | Power
Goodwill
Balance at beginning of period	25,269
Acquisitions	0
Dispositions, currency exchange and other	617
Balance at end of period	25,886
Operating Segments | Renewable Energy
Goodwill
Balance at beginning of period	4,093
Acquisitions	0
Dispositions, currency exchange and other	231
Balance at end of period	4,324
Operating Segments | Oil & Gas
Goodwill
Balance at beginning of period	23,943
Acquisitions	0
Dispositions, currency exchange and other	466
Balance at end of period	24,410
Operating Segments | Aviation
Goodwill
Balance at beginning of period	10,008
Acquisitions	0
Dispositions, currency exchange and other	129
Balance at end of period	10,138
Operating Segments | Healthcare
Goodwill
Balance at beginning of period	17,306
Acquisitions	0
Dispositions, currency exchange and other	33
Balance at end of period	17,339
Operating Segments | Transportation
Goodwill
Balance at beginning of period	902
Acquisitions	0
Dispositions, currency exchange and other	5
Balance at end of period	907
Operating Segments | Lighting
Goodwill
Balance at beginning of period	0
Acquisitions	0
Dispositions, currency exchange and other	0
Balance at end of period	0
Operating Segments | Capital
Goodwill
Balance at beginning of period	984
Acquisitions	0
Dispositions, currency exchange and other	0
Balance at end of period	984
Corporate
Goodwill
Balance at beginning of period	1,463
Acquisitions	0
Dispositions, currency exchange and other	17
Balance at end of period	$ 1,480

ACQUISITIONS, GOODWILL AND OT76

ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS - Goodwill (Details) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)
Business Combinations [Abstract]
Increase to goodwill balances	$ 1,498

ACQUISITIONS, GOODWILL AND OT77

ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS - Other Intangible Assets - Net (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Business Combinations [Abstract]
Intangible assets subject to amortization	$ 18,412	$ 18,056
Indefinite-lived intangible assets	2,249	2,217
Total	$ 20,661	$ 20,273

ACQUISITIONS, GOODWILL AND OT78

ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS - Intangible Assets Subject to Amortization (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 31,516	$ 30,618
Accumulated amortization	(13,105)	(12,561)
Net	18,412	18,056
Customer-related
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	10,844	10,614
Accumulated amortization	(3,319)	(3,095)
Net	7,528	7,521
Patents and technology
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	10,906	10,271
Accumulated amortization	(4,072)	(3,899)
Net	6,834	6,372
Capitalized software
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	8,083	8,064
Accumulated amortization	(5,054)	(4,974)
Net	3,029	3,089
Trademarks
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	1,257	1,280
Accumulated amortization	(475)	(421)
Net	782	859
Lease valuations
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	161	170
Accumulated amortization	(83)	(80)
Net	79	89
All other
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	264	218
Accumulated amortization	(102)	(92)
Net	$ 162	$ 125

ACQUISITIONS, GOODWILL AND OT79

ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS - Other Intangible Assets, Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Acquired Finite-Lived Intangible Assets [Line Items]
Additions to intangible assets subject to amortization	$ 356
Amortization of intangible assets	613	$ 539
GE
Acquired Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	601	519
GE Capital
Acquired Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	12	$ 20
Technology Intangible Assets
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets acquired	$ 632

REVENUES - Revenues from the Sa

REVENUES - Revenues from the Sale of Services (Details)	3 Months Ended
	Mar. 31, 2018
Minimum
Revenue from External Customer [Line Items]
Contract term	5 years
Maximum
Revenue from External Customer [Line Items]
Contract term	25 years

REVENUES - Equipment and Servic

REVENUES - Equipment and Services Revenues (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Industrial Segment
Disaggregation of Revenue [Line Items]
Total Revenues	$ 27,395	$ 25,213
Industrial Segment | Equipment Revenues
Disaggregation of Revenue [Line Items]
Total Revenues	12,813	12,853
Industrial Segment | Services Revenues
Disaggregation of Revenue [Line Items]
Total Revenues	14,582	12,360
Power
Disaggregation of Revenue [Line Items]
Total Revenues	7,222	7,940
Power | Equipment Revenues
Disaggregation of Revenue [Line Items]
Total Revenues	3,524	4,186
Power | Services Revenues
Disaggregation of Revenue [Line Items]
Total Revenues	3,698	3,755
Renewable Energy
Disaggregation of Revenue [Line Items]
Total Revenues	1,646	1,767
Renewable Energy | Equipment Revenues
Disaggregation of Revenue [Line Items]
Total Revenues	1,204	1,506
Renewable Energy | Services Revenues
Disaggregation of Revenue [Line Items]
Total Revenues	442	261
Oil & Gas
Disaggregation of Revenue [Line Items]
Total Revenues	5,385	3,086
Oil & Gas | Equipment Revenues
Disaggregation of Revenue [Line Items]
Total Revenues	2,229	1,291
Oil & Gas | Services Revenues
Disaggregation of Revenue [Line Items]
Total Revenues	3,156	1,795
Aviation
Disaggregation of Revenue [Line Items]
Total Revenues	7,112	6,673
Aviation | Equipment Revenues
Disaggregation of Revenue [Line Items]
Total Revenues	2,539	2,599
Aviation | Services Revenues
Disaggregation of Revenue [Line Items]
Total Revenues	4,573	4,074
Healthcare
Disaggregation of Revenue [Line Items]
Total Revenues	4,702	4,305
Healthcare | Equipment Revenues
Disaggregation of Revenue [Line Items]
Total Revenues	2,607	2,323
Healthcare | Services Revenues
Disaggregation of Revenue [Line Items]
Total Revenues	2,095	1,982
Transportation
Disaggregation of Revenue [Line Items]
Total Revenues	872	979
Transportation | Equipment Revenues
Disaggregation of Revenue [Line Items]
Total Revenues	266	498
Transportation | Services Revenues
Disaggregation of Revenue [Line Items]
Total Revenues	606	481
Lighting
Disaggregation of Revenue [Line Items]
Total Revenues	456	462
Lighting | Equipment Revenues
Disaggregation of Revenue [Line Items]
Total Revenues	444	450
Lighting | Services Revenues
Disaggregation of Revenue [Line Items]
Total Revenues	$ 12	$ 13

REVENUES - Sub-Segment Revenues

REVENUES - Sub-Segment Revenues (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Disaggregation of Revenue [Line Items]
Consolidated Revenues	$ 28,660	$ 26,881
GE Capital
Disaggregation of Revenue [Line Items]
Revenues outside the scope of ASC 606	2,117	2,621
Industrial Segment
Disaggregation of Revenue [Line Items]
Total Revenues	27,395	25,213
Power
Disaggregation of Revenue [Line Items]
Total Revenues	7,222	7,940
Renewable Energy
Disaggregation of Revenue [Line Items]
Total Revenues	1,646	1,767
Oil & Gas
Disaggregation of Revenue [Line Items]
Total Revenues	5,385	3,086
Aviation
Disaggregation of Revenue [Line Items]
Total Revenues	7,112	6,673
Healthcare
Disaggregation of Revenue [Line Items]
Total Revenues	4,702	4,305
Transportation
Disaggregation of Revenue [Line Items]
Total Revenues	872	979
Lighting
Disaggregation of Revenue [Line Items]
Total Revenues	456	462
Operating segments
Disaggregation of Revenue [Line Items]
Consolidated Revenues	29,569	27,894
Operating segments | Industrial Segment
Disaggregation of Revenue [Line Items]
Total Revenues	27,395	25,213
Operating segments | Power
Disaggregation of Revenue [Line Items]
Total Revenues	7,222	7,940
Consolidated Revenues	7,222	7,940
Operating segments | Power | Gas Power Systems
Disaggregation of Revenue [Line Items]
Total Revenues	1,535	2,104
Operating segments | Power | Power Services
Disaggregation of Revenue [Line Items]
Total Revenues	2,832	2,608
Operating segments | Power | Steam Power Systems
Disaggregation of Revenue [Line Items]
Total Revenues	459	375
Operating segments | Power | Energy Connections
Disaggregation of Revenue [Line Items]
Total Revenues	2,216	2,199
Operating segments | Power | Other
Disaggregation of Revenue [Line Items]
Total Revenues	181	654
Operating segments | Renewable Energy
Disaggregation of Revenue [Line Items]
Total Revenues	1,646	1,767
Consolidated Revenues	1,646	1,767
Operating segments | Renewable Energy | Onshore Wind
Disaggregation of Revenue [Line Items]
Total Revenues	1,260	1,545
Operating segments | Renewable Energy | Hydro
Disaggregation of Revenue [Line Items]
Total Revenues	233	187
Operating segments | Renewable Energy | Offshore Wind
Disaggregation of Revenue [Line Items]
Total Revenues	152	36
Operating segments | Oil & Gas
Disaggregation of Revenue [Line Items]
Total Revenues	5,385	3,086
Consolidated Revenues	5,385	3,086
Operating segments | Oil & Gas | Turbomachinery & Process Solutions (TPS)
Disaggregation of Revenue [Line Items]
Total Revenues	1,447	1,663
Operating segments | Oil & Gas | Oilfield Services (OFS)
Disaggregation of Revenue [Line Items]
Total Revenues	2,678	212
Operating segments | Oil & Gas | Oilfield Equipment (OFE)
Disaggregation of Revenue [Line Items]
Total Revenues	664	716
Operating segments | Oil & Gas | Digital Solutions
Disaggregation of Revenue [Line Items]
Total Revenues	596	494
Operating segments | Aviation
Disaggregation of Revenue [Line Items]
Total Revenues	7,112	6,673
Consolidated Revenues	7,112	6,673
Operating segments | Aviation | Commercial Engines & Services
Disaggregation of Revenue [Line Items]
Total Revenues	5,272	4,970
Operating segments | Aviation | Military
Disaggregation of Revenue [Line Items]
Total Revenues	971	929
Operating segments | Aviation | Systems & Other
Disaggregation of Revenue [Line Items]
Total Revenues	870	773
Operating segments | Healthcare
Disaggregation of Revenue [Line Items]
Total Revenues	4,702	4,305
Consolidated Revenues	4,702	4,305
Operating segments | Healthcare | Healthcare Systems
Disaggregation of Revenue [Line Items]
Total Revenues	3,330	3,031
Operating segments | Healthcare | Life Sciences
Disaggregation of Revenue [Line Items]
Total Revenues	1,125	1,013
Operating segments | Healthcare | Healthcare Digital
Disaggregation of Revenue [Line Items]
Total Revenues	246	261
Operating segments | Transportation
Disaggregation of Revenue [Line Items]
Total Revenues	872	979
Consolidated Revenues	872	979
Operating segments | Transportation | Locomotives
Disaggregation of Revenue [Line Items]
Total Revenues	171	455
Operating segments | Transportation | Services
Disaggregation of Revenue [Line Items]
Total Revenues	506	406
Operating segments | Transportation | Mining
Disaggregation of Revenue [Line Items]
Total Revenues	116	47
Operating segments | Transportation | Other
Disaggregation of Revenue [Line Items]
Total Revenues	80	72
Operating segments | Lighting
Disaggregation of Revenue [Line Items]
Total Revenues	456	462
Consolidated Revenues	456	462
Operating segments | Lighting | Current
Disaggregation of Revenue [Line Items]
Total Revenues	216	233
Operating segments | Lighting | GE Lighting
Disaggregation of Revenue [Line Items]
Total Revenues	240	230
Operating segments | Capital
Disaggregation of Revenue [Line Items]
Consolidated Revenues	2,173	2,681
Corporate items and eliminations
Disaggregation of Revenue [Line Items]
Consolidated Revenues	$ (908)	$ (1,013)

REVENUES - Remaining Performanc

REVENUES - Remaining Performance Obligation (Details) $ in Millions	Mar. 31, 2018USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	$ 252,523
Equipment
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	53,680
Services
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	$ 198,843

REVENUES - Remaining Performa84

REVENUES - Remaining Performance Obligation (Percentage and Period) (Details)	3 Months Ended
	Mar. 31, 2018
Equipment | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2018-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation expected to be satisfied (as a percent)	55.00%
Performance obligations expected to be satisfied, expected timing	1 year
Equipment | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation expected to be satisfied (as a percent)	75.00%
Performance obligations expected to be satisfied, expected timing	2 years
Equipment | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation expected to be satisfied (as a percent)	96.00%
Performance obligations expected to be satisfied, expected timing	5 years
Services Revenues | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2018-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation expected to be satisfied (as a percent)	17.00%
Services Revenues | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied, expected timing	1 year
Services Revenues | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation expected to be satisfied (as a percent)	56.00%
Performance obligations expected to be satisfied, expected timing	5 years
Services Revenues | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation expected to be satisfied (as a percent)	78.00%
Performance obligations expected to be satisfied, expected timing	10 years
Services Revenues | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2032-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation expected to be satisfied (as a percent)	90.00%
Performance obligations expected to be satisfied, expected timing	15 years

CONTRACT & OTHER DEFERRED ASS85

CONTRACT & OTHER DEFERRED ASSETS AND PROGRESS COLLECTIONS & DEFERRED INCOME - Schedule of Contract Assets (Details) - USD ($) $ in Millions		Mar. 31, 2018	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Deferred inventory costs		$ 3,240	$ 3,579
Nonrecurring engineering costs		2,007	1,905
Customer advances and other		1,136	1,098
Contract and other deferred assets		20,780	20,356
Billings in excess of revenues		5,098	5,498
GE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		14,396	13,775
Contract and other deferred assets	[1]	20,780	20,356
GE | Long-term product service agreements
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		7,124	6,902
GE | Equipment contract revenue
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		7,272	6,874
GE | Equipment upgrades
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		751	748
Power
Accounts, Notes, Loans and Financing Receivable [Line Items]
Deferred inventory costs		1,090	1,304
Nonrecurring engineering costs		147	122
Customer advances and other		1	0
Contract and other deferred assets		9,343	9,539
Power | GE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		8,104	8,115
Power | GE | Long-term product service agreements
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		3,359	3,357
Power | GE | Equipment contract revenue
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		4,745	4,757
Aviation
Accounts, Notes, Loans and Financing Receivable [Line Items]
Deferred inventory costs		563	564
Nonrecurring engineering costs		1,765	1,696
Customer advances and other		1,095	1,098
Contract and other deferred assets		6,635	6,251
Aviation | GE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		3,213	2,893
Aviation | GE | Long-term product service agreements
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		2,795	2,614
Aviation | GE | Equipment contract revenue
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		418	280
Oil & Gas
Accounts, Notes, Loans and Financing Receivable [Line Items]
Deferred inventory costs		208	358
Nonrecurring engineering costs		0	0
Customer advances and other		0	0
Contract and other deferred assets		1,836	1,971
Oil & Gas | GE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		1,628	1,612
Oil & Gas | GE | Long-term product service agreements
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		520	517
Oil & Gas | GE | Equipment contract revenue
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		1,108	1,095
Renewable Energy
Accounts, Notes, Loans and Financing Receivable [Line Items]
Deferred inventory costs		1,008	950
Nonrecurring engineering costs		0	0
Customer advances and other		19	0
Contract and other deferred assets		1,371	1,246
Renewable Energy | GE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		344	296
Renewable Energy | GE | Long-term product service agreements
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		0	1
Renewable Energy | GE | Equipment contract revenue
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		344	295
Transportation
Accounts, Notes, Loans and Financing Receivable [Line Items]
Deferred inventory costs		40	43
Nonrecurring engineering costs		95	87
Customer advances and other		1	0
Contract and other deferred assets		718	619
Transportation | GE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		582	488
Transportation | GE | Long-term product service agreements
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		450	413
Transportation | GE | Equipment contract revenue
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		132	76
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Deferred inventory costs		331	359
Nonrecurring engineering costs		0	0
Customer advances and other		20	0
Contract and other deferred assets		877	729
Other | GE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		526	371
Other | GE | Long-term product service agreements
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		0	0
Other | GE | Equipment contract revenue
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		$ 526	$ 371
[1]	Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis. See Note 1.

CONTRACT & OTHER DEFERRED ASS86

CONTRACT & OTHER DEFERRED ASSETS AND PROGRESS COLLECTIONS & DEFERRED INCOME - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Contractors [Abstract]
Revenue recognized included in contract liability	$ 5,747	$ 6,254
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Increase in contract assets	424
Increase in revenue in excess of billings for equipment contracts due to timing of revenue recognized for work performed	398
Increase in non-recurring engineering costs	102
Increase in deferred inventory costs	390
Aviation
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Increase in revenue in excess of billings for equipment contracts due to timing of revenue recognized for work performed	138
Increase in non-recurring engineering costs	69
Power
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Increase in deferred inventory costs	214
Transportation
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Increase in revenue in excess of billings for equipment contracts due to timing of revenue recognized for work performed	56
Oil & Gas
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Increase in deferred inventory costs	201
Healthcare
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Increase in revenue in excess of billings for equipment contracts due to timing of revenue recognized for work performed	158
Restatement Adjustment | Adjustment Due to Change in Estimated Profitability
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Change in gross profit	178
Restatement Adjustment | Adjustment Due to Change in Estimated Profitability | Aviation
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Change in gross profit	81
Restatement Adjustment | Adjustment Due to Change in Estimated Profitability | Power
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Change in gross profit	$ 74

CONTRACT & OTHER DEFERRED ASS87

CONTRACT & OTHER DEFERRED ASSETS AND PROGRESS COLLECTIONS & DEFERRED INCOME - Progress Collections and Deferred Income (Details) - USD ($) $ in Millions		Mar. 31, 2018	Dec. 31, 2017
Capitalized Contract Cost [Line Items]
Total progress collections & deferred income		$ 21,950	$ 22,117
GE
Capitalized Contract Cost [Line Items]
Progress collections		18,290	18,310
Deferred income		3,917	3,911
Total progress collections & deferred income	[1]	$ 22,207	$ 22,221
[1]	Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis. See Note 1.

BORROWINGS - Schedule of Borrow

BORROWINGS - Schedule of Borrowings (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Total borrowings	$ 125,839	$ 134,591
Short-term borrowings
Short-term borrowings	19,371	24,036
Eliminations	(8,847)	(10,114)
Long-term borrowings
Borrowings	105,134	108,575
Eliminations	(29,004)	(32,079)
Long-term assumed debt	$ 36,054	38,804
Weighted average interest rate	3.60%
Weighted average term of intercompany loans	15 years
Non-recourse borrowings of consolidated securitization entities (Note 11)	$ 1,335	1,980
Current portion of long-term borrowings
Long-term borrowings
Non-recourse borrowings of consolidated securitization entities (Note 11)	363	621
GE
Short-term borrowings
Short-term borrowings	12,615	14,548
Long-term borrowings
Borrowings	64,792	67,040
GE | Senior notes
Long-term borrowings
Borrowings	60,496	62,724
GE | Subordinated notes
Long-term borrowings
Borrowings	2,984	2,913
GE | Other
Long-term borrowings
Borrowings	1,312	1,403
GE | Commercial paper
Short-term borrowings
Short-term borrowings	3,005	3,000
GE | Current portion of long-term borrowings
Short-term borrowings
Short-term borrowings	7,801	9,452
GE | Other
Short-term borrowings
Short-term borrowings	1,809	2,095
GE Capital
Short-term borrowings
Short-term borrowings	15,603	19,602
Long-term borrowings
Borrowings	69,346	73,614
GE Capital | Current portion of long-term borrowings/Short-term borrowings
Debt Instrument [Line Items]
Funding secured by aircraft and other collateral	257	348
GE Capital | Non-recourse debt
Debt Instrument [Line Items]
Funding secured by aircraft and other collateral	341	458
GE Capital | Intercompany payable to GE
Long-term borrowings
Long-term intercompany loans	7,556	7,271
GE Capital | Senior notes
Long-term borrowings
Borrowings	39,580	40,754
GE Capital | Subordinated notes
Long-term borrowings
Borrowings	191	208
GE Capital | Other
Debt Instrument [Line Items]
Funding secured by aircraft and other collateral	1,078	1,118
Long-term borrowings
Borrowings	1,078	1,118
GE Capital | Intercompany payable to GE
Long-term borrowings
Borrowings	28,497	31,533
GE Capital | Non-recourse borrowings of consolidated securitization entities
Long-term borrowings
Borrowings	1,335	1,980
GE Capital | Commercial paper
Short-term borrowings
Short-term borrowings	3,949	5,013
GE Capital | Current portion of long-term borrowings
Short-term borrowings
Short-term borrowings	3,776	5,781
GE Capital | Intercompany payable to GE
Short-term borrowings
Short-term borrowings	7,405	8,310
GE Capital | Other
Short-term borrowings
Short-term borrowings	473	497
BHGE
Long-term borrowings
Borrowings	6,480	7,225
BHGE | Senior notes
Long-term borrowings
Borrowings	$ 6,197	$ 6,206

BORROWINGS - Narrative (Details

BORROWINGS - Narrative (Details) $ in Millions	Mar. 31, 2018USD ($)
GE Capital | Non-recourse borrowings of consolidated securitization entities
Guarantor Obligations [Line Items]
Debt assumed by GE upon merger	$ 41,318

INVESTMENT CONTRACTS, INSURAN90

INVESTMENT CONTRACTS, INSURANCE LIABILITIES AND INSURANCE ANNUITY BENEFITS - Schedule of Investment Contracts, Insurance Liabilities and Insurance Annuity Benefits (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Future policy benefit reserves
Long-term care insurance contracts	$ 16,438	$ 16,522
Structured settlement annuities with life contingencies and other contracts	9,524	9,448
Shadow adjustments	3,371	4,582
Future policy benefit reserves	29,333	30,552
Investment contracts	2,520	2,569
Claim reserves	5,126	5,094
Unearned premiums and other	473	372
Future policy benefit reserves, investment contracts, claim reserves and unearned premiums and other	37,453	38,587
Eliminations	(564)	(451)
Total	36,889	38,136
Long Term-Care Insurance Contracts
Future policy benefit reserves
Claim reserves	3,665	3,590
Short-Duration Insurance Contracts
Future policy benefit reserves
Claim reserves	$ 351	$ 364

INVESTMENT CONTRACTS, INSURAN91

INVESTMENT CONTRACTS, INSURANCE LIABILITIES AND INSURANCE ANNUITY BENEFITS - Narrative (Details) - USD ($) $ in Millions	3 Months Ended			81 Months Ended
	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2024
Reinsurance Premiums for Insurance Companies, by Product Segment [Line Items]
Expected capital contributions		$ 14,500
Premium deficiency		9,481
Claims incurred	$ 492		$ 492
Prior year claims	1		31
Paid claims	484		428
Reinsurance recoverables, net	2,450	2,458
Ceded claim reserves	757	$ 733
Reinsurance recoveries	61		$ 126
GE Capital
Reinsurance Premiums for Insurance Companies, by Product Segment [Line Items]
Capital contributions to insurance subsidiaries	$ 3,500
GE Capital | Scenario, Forecast
Reinsurance Premiums for Insurance Companies, by Product Segment [Line Items]
Capital contributions to insurance subsidiaries				$ 11,000

POSTRETIREMENT BENEFIT PLANS (D

POSTRETIREMENT BENEFIT PLANS (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Principal pension plans
Defined Benefit Plan Disclosure [Line Items]
Service cost for benefits earned	$ 232	$ 289
Prior service cost (credit) amortization	36	73
Expected return on plan assets	(820)	(849)
Interest cost on benefit obligations	666	717
Net actuarial loss (gain) amortization	951	710
Curtailment loss	0	43
Pension plans cost (income)	1,065	983
Other pension plans
Defined Benefit Plan Disclosure [Line Items]
Threshold to be included in other pension plans (greater than)	50
Service cost for benefits earned	95	151
Prior service cost (credit) amortization	0	(1)
Expected return on plan assets	(358)	(294)
Interest cost on benefit obligations	156	142
Net actuarial loss (gain) amortization	82	103
Pension plans cost (income)	(25)	101
Principal retiree benefit plans
Defined Benefit Plan Disclosure [Line Items]
Service cost for benefits earned	13	26
Prior service cost (credit) amortization	(56)	(43)
Expected return on plan assets	(7)	(9)
Interest cost on benefit obligations	49	57
Net actuarial loss (gain) amortization	(20)	(21)
Curtailment loss	0	3
Pension plans cost (income)	$ (21)	$ 13

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Effective income tax rate	(6.50%)	198.10%
Income Tax Contingency [Line Items]
Tax expense recorded resulting from the U.S. tax reform	$ (103)		$ 4,512
Transition tax on historic foreign earnings			1,155
Revaluation of deferred taxes			3,357
Tax benefit related to non-consolidated operations	134
GE
Income Tax Contingency [Line Items]
Transition tax on historic foreign earnings			2,925
Revaluation of deferred taxes			1,980
GE Capital
Income Tax Contingency [Line Items]
Transition tax on historic foreign earnings			(1,770)
Revaluation of deferred taxes			$ 1,377
Baker Hughes
Income Tax Contingency [Line Items]
Revaluation of deferred taxes	$ 31

INCOME TAXES - Unrecognized Tax

INCOME TAXES - Unrecognized Tax Benefits (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Unrecognized tax benefits	$ 5,403	$ 5,449
Portion that, if recognized, would reduce tax expense and effective tax rate	3,676	3,626
Accrued interest on unrecognized tax benefits	853	810
Accrued penalties on unrecognized tax benefits	198	158
Lower limit
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Portion that, if recognized, would reduce tax expense and effective tax rate	0	0
Reasonably possible reduction to the balance of unrecognized tax benefits in succeeding 12 months	0	0
Upper limit
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Portion that, if recognized, would reduce tax expense and effective tax rate	1,100	900
Reasonably possible reduction to the balance of unrecognized tax benefits in succeeding 12 months	$ 1,300	$ 1,100

SHAREOWNERS_ EQUITY - Schedule

SHAREOWNERS’ EQUITY - Schedule of Shareowners' Equity (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018		Mar. 31, 2017	Dec. 31, 2017		Dec. 31, 2016	Dec. 31, 2015
Equity [Abstract]
Preferred stock issued	$ 6		$ 6	$ 6
Common stock (8,685,338,000 and 8,680,571,000 shares outstanding at March 31, 2018 and December 31, 2017, respectively)	702		702	702
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	73,498
Other comprehensive income (loss) before reclassifications	988		770
Reclassifications from other comprehensive income	713		1,059
Other comprehensive income (loss)	1,702		1,828
Ending balance	73,193		69,740
Increase (Decrease) in Stockholders' Equity
Beginning balance	73,498
Gains (losses) on treasury stock dispositions	(45)		224
Net earnings (loss) attributable to the Company	(1,147)		(83)
GE shareowners' equity balance	55,965		68,100	56,030
Noncontrolling interests	17,228	[1]	1,639	17,468	[1]	$ 1,663
Ending balance	73,193		69,740
Adjustments to deferred acquisition costs, present value of future profits, and investment contracts, insurance liabilities and insurance annuity benefits	938		(99)
Currency translation gains (losses) on disposition	0		510
Retained earnings	115,477			117,245
ASU 2014-09 | Difference between Revenue Guidance in Effect before and after Topic 606
Increase (Decrease) in Stockholders' Equity
Retained earnings				(8,061)			$ (4,240)
ASU 2015-11
Increase (Decrease) in Stockholders' Equity
Retained earnings				(377)			$ (105)
ASU 2016-16
Increase (Decrease) in Stockholders' Equity
Retained earnings				$ 464
Accumulated other comprehensive income (loss)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	(14,404)		(18,588)
Ending balance	(12,862)		(16,766)
Increase (Decrease) in Stockholders' Equity
Beginning balance	(14,404)		(18,588)
Ending balance	(12,862)		(16,766)
Investment securities - net of deferred taxes
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Other comprehensive income (loss) before reclassifications	109		18
Other comprehensive income (loss) before reclassifications, deferred taxes	65		13
Reclassifications from other comprehensive income	(10)		(69)
Reclassifications from other comprehensive income, deferred taxes	(2)		(36)
Currency translation - net of deferred taxes
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Other comprehensive income (loss) before reclassifications	832		258
Other comprehensive income (loss) before reclassifications, deferred taxes	(149)		(33)
Reclassifications from other comprehensive income	(2)		554
Reclassifications from other comprehensive income, deferred taxes	0		(540)
Cash flow hedges - net of deferred taxes
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Other comprehensive income (loss) before reclassifications	105		20
Other comprehensive income (loss) before reclassifications, deferred taxes	31		5
Reclassifications from other comprehensive income	(50)		0
Reclassifications from other comprehensive income, deferred taxes	(15)		1
Benefit plans - net of deferred taxes
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Other comprehensive income (loss) before reclassifications	(58)		474
Other comprehensive income (loss) before reclassifications, deferred taxes	(1)		101
Reclassifications from other comprehensive income	775		574
Reclassifications from other comprehensive income, deferred taxes	218		288
AOCI attributable to noncontrolling interests
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	(226)
Other comprehensive income (loss)	160		6
Ending balance	(66)
Increase (Decrease) in Stockholders' Equity
Beginning balance	(226)
Ending balance	(66)
AOCI attributable to parent
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Other comprehensive income (loss)	1,542		1,822
Other capital
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	37,384		37,224
Ending balance	37,339		37,448
Increase (Decrease) in Stockholders' Equity
Beginning balance	37,384		37,224
Ending balance	37,339		37,448
Retained earnings
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	117,245		133,856
Ending balance	115,477		131,544
Increase (Decrease) in Stockholders' Equity
Beginning balance	117,245		133,856
Net earnings (loss) attributable to the Company	(1,147)		(83)
Dividends and other transactions with shareowners	(1,078)		(2,128)
Redemption value adjustment for redeemable noncontrolling interests	(44)		(101)
Other changes	500		0
Ending balance	115,477		131,544
Common stock held in treasury
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	(84,902)		(83,038)
Ending balance	(84,697)		(84,833)
Increase (Decrease) in Stockholders' Equity
Beginning balance	(84,902)		(83,038)
Purchases	(85)		(2,359)
Dispositions	290		564
Ending balance	$ (84,697)		$ (84,833)
[1]	Included AOCI attributable to noncontrolling interests of $(66) million and $(226) million at March 31, 2018 and December 31, 2017, respectively.

SHAREOWNERS_ EQUITY - Shares of

SHAREOWNERS’ EQUITY - Shares of GE Preferred Stock (Details) - USD ($)	Jan. 20, 2016	Mar. 31, 2018	Mar. 31, 2017	Apr. 01, 2018	Dec. 31, 2017
Class of Stock [Line Items]
Preferred stock issued		$ 6,000,000	$ 6,000,000		$ 6,000,000
GE
Class of Stock [Line Items]
Preferred stock issued		5,461,000,000
Preferred stock dividends		$ 37,000,000	$ 34,000,000
GE | Subsequent Event
Class of Stock [Line Items]
Preferred stock issued				$ 5,944,000,000
GE | Series D Preferred Stock
Class of Stock [Line Items]
Preferred stock issued	$ 5,694,000,000
Fixed interest rate	5.00%
Floating rate	3.33%
GE | Series A, B and C Preferred Stock
Class of Stock [Line Items]
Fixed interest rate	4.07%
Preferred stock, value outstanding	$ 250,000,000

SHAREOWNERS_ EQUITY - Changes t

SHAREOWNERS’ EQUITY - Changes to Noncontrolling Interests (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018		Mar. 31, 2017
Stockholders' Equity Attributable to Noncontrolling Interest
Balance at beginning of period	$ 17,468	[1]	$ 1,663
Net earnings (loss)	67		5
Dividends	(83)		(9)
Other (including AOCI)	(224)		(20)
Balance at end of period	$ 17,228	[1]	$ 1,639
[1]	Included AOCI attributable to noncontrolling interests of $(66) million and $(226) million at March 31, 2018 and December 31, 2017, respectively.

SHAREOWNERS_ EQUITY - Redeemabl

SHAREOWNERS’ EQUITY - Redeemable Noncontrolling Interests (Narrative) (Details) € in Millions	1 Months Ended	3 Months Ended	12 Months Ended
	Sep. 30, 2018EUR (€)	Mar. 31, 2018joint_venture	Dec. 31, 2015joint_venture
Redeemable Noncontrolling Interest [Line Items]
Number of joint ventures formed | joint_venture		4	3
Grid Technology Joint Venture | Scenario, Forecast
Redeemable Noncontrolling Interest [Line Items]
Amount to be paid to exercise redemption rights	€ 1,828
Renewable Energy Joint Venture | Scenario, Forecast
Redeemable Noncontrolling Interest [Line Items]
Amount to be paid to exercise redemption rights	€ 636
Grid Technology and Renewable Energy Joint Ventures
Redeemable Noncontrolling Interest [Line Items]
Annual accretion (as a percent)		3.00%
Nuclear and French Steam Power Joint Venture
Redeemable Noncontrolling Interest [Line Items]
Annual accretion (as a percent)		2.00%
Renewable Energy Joint Venture
Redeemable Noncontrolling Interest [Line Items]
Annual accretion (as a percent)		3.00%

SHAREOWNERS_ EQUITY - Changes99

SHAREOWNERS’ EQUITY - Changes to Redeemable Noncontrolling Interests (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Redeemable Noncontrolling Interest
Balance at beginning of period	$ 3,391	$ 3,017	$ 3,017
Net earnings (loss)	(33)	(109)
Dividends	(13)	(10)
Redemption value adjustment	65	101
Other	139	47
Balance at end of period	3,549	3,046	3,391
Alstom Acquisition
Redeemable Noncontrolling Interest
Balance at end of period		$ 2,760
Alstom Acquisition
Redeemable Noncontrolling Interest
Noncontrolling interest in joint ventures	$ 3,208		$ 3,065

SHAREOWNERS_ EQUITY - Other (De

SHAREOWNERS’ EQUITY - Other (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
GE Capital | GE
Related Party Transaction [Line Items]
Common dividends	$ 0	$ 2,000

EARNINGS PER SHARE INFORMATI101

EARNINGS PER SHARE INFORMATION (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Diluted
Earnings from continuing operations for per-share calculation	$ 401	$ 150
Preferred stock dividends	(37)	(34)
Earnings from continuing operations attributable to common shareowners for per-share calculation	364	116
Loss from discontinued operations for per-share calculation	(1,556)	(243)
Net earnings attributable to GE common shareowners for per-share calculation	$ (1,189)	$ (123)
Shares of GE common stock outstanding	8,683	8,714
Employee compensation-related shares (including stock options)	13	98
Total average equivalent shares	8,696	8,811
Earnings from continuing operations (in dollars per share)	$ 0.04	$ 0.01
Loss from discontinued operations (in dollars per share)	(0.18)	(0.03)
Net earnings (in dollars per share)	$ (0.14)	$ (0.01)
Basic
Earnings from continuing operations for per-share calculation	$ 401	$ 150
Preferred stock dividends	(37)	(34)
Earnings from continuing operations attributable to common shareowners for per-share calculation	364	116
Loss from discontinued operations for per-share calculation	(1,556)	(243)
Net earnings attributable to GE common shareowners for per-share calculation	$ (1,189)	$ (123)
Shares of GE common stock outstanding	8,683	8,714
Employee compensation-related shares (including stock options)	0	0
Total average equivalent shares	8,683	8,714
Earnings from continuing operations (in dollars per share)	$ 0.04	$ 0.01
Loss from discontinued operations (in dollars per share)	(0.18)	(0.03)
Net earnings (in dollars per share)	$ (0.14)	$ (0.01)
Outstanding stock awards not included in the computation of diluted earnings per share (in shares)	395	15

FINANCIAL INSTRUMENTS - Assets

FINANCIAL INSTRUMENTS - Assets and Liabilities Not Carried at Fair Value (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Financial Services (GE Capital)
Liabilities
Decrease in fair value of borrowings	$ 1,565	$ 1,754
Financial Services (GE Capital) | Intercompany payable to GE
Liabilities
Borrowings (debt assumed)	35,903	39,844
Carrying amount (net) | Financial Services (GE Capital)
Assets
Loans	15,734	17,363
Other commercial mortgages	1,497	1,489
Loans held for sale	3,145	3,274
Liabilities
Borrowings	50,381	55,353
Investment contracts	2,521	2,569
Carrying amount (net) | GE
Assets
Notes receivable	798	700
Liabilities
Borrowings	33,948	34,473
Carrying amount (net) | GE | Intersegment eliminations | Intercompany payable to GE
Liabilities
Borrowings (debt assumed)	43,459	47,114
Estimated fair value | Financial Services (GE Capital)
Assets
Loans	15,673	17,331
Other commercial mortgages	1,553	1,566
Loans held for sale	3,145	3,274
Liabilities
Borrowings	52,974	60,415
Investment contracts	2,851	2,996
Accrued interest	587	731
Estimated fair value | GE
Assets
Notes receivable	798	700
Liabilities
Borrowings	33,750	35,416
Accrued interest	286	217
Estimated fair value | GE | Intercompany payable to GE
Liabilities
Accrued interest	522	696
Estimated fair value | GE | Intersegment eliminations | Intercompany payable to GE
Liabilities
Borrowings (debt assumed)	$ 47,600	$ 53,502

FINANCIAL INSTRUMENTS - Notiona

FINANCIAL INSTRUMENTS - Notional Amount of Loan Commitments (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Ordinary course of business lending commitments	$ 1,076	$ 1,105
Unused revolving credit lines	158	198
Excluded investment commitments	$ 653	$ 677

FINANCIAL INSTRUMENTS - Noti104

FINANCIAL INSTRUMENTS - Notional Amount of Derivatives (Details) $ in Billions	Mar. 31, 2018USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative, notional amount	$ 161

FINANCIAL INSTRUMENTS - Fair Va

FINANCIAL INSTRUMENTS - Fair Value of Derivatives (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Assets
Assets	$ 3,340	$ 3,364
Gross accrued interest recognized in statement of financial position	231	469
Gross derivatives recognized in statement of financial position	3,571	3,833
Netting adjustments offset in statement of financial position	(1,534)	(1,457)
Cash collateral offset in statement of financial position	(1,329)	(1,529)
Amounts offset in statement of financial position	(2,863)	(2,986)
Net derivatives	708	847
Securities held as collateral not offset in statement of financial position	(350)	(405)
Net amount	358	441
Liabilities
Amount	2,074	2,361
Gross accrued interest recognized in statement of financial position	(26)	(38)
Gross derivatives recognized in statement of financial position	2,048	2,323
Netting adjustments offset in statement of financial position	(1,536)	(1,456)
Cash collateral offset in statement of financial position	(155)	(578)
Amounts offset in statement of financial position	(1,691)	(2,034)
Net derivatives	357	289
Securities held as collateral not offset in statement of financial position	0	0
Net amount	357	289
Cumulative adjustment for non-performance risk	1	(1)
Excess cash collateral received	103	10
Excess cash collateral posted	432	255
Excess securities collateral received	34	16
Derivatives accounted for as hedges
Assets
Assets	1,948	2,021
Liabilities
Amount	279	218
Derivatives accounted for as hedges | Interest rate contracts
Assets
Assets	1,619	1,862
Liabilities
Amount	208	148
Derivatives accounted for as hedges | Currency exchange contracts
Assets
Assets	329	160
Liabilities
Amount	71	70
Derivatives not accounted for as hedges
Assets
Assets	1,392	1,343
Liabilities
Amount	1,795	2,143
Derivatives not accounted for as hedges | Interest rate contracts
Assets
Assets	39	93
Liabilities
Amount	10	8
Derivatives not accounted for as hedges | Currency exchange contracts
Assets
Assets	1,264	1,111
Liabilities
Amount	1,658	2,043
Derivatives not accounted for as hedges | Other contracts
Assets
Assets	89	139
Liabilities
Amount	$ 127	$ 91

FINANCIAL INSTRUMENTS - Effects

FINANCIAL INSTRUMENTS - Effects of Derivatives on Earnings (Details) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2016
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total effect on earnings	$ (134,000,000)	$ (167,000,000)
Carrying value of net investment hedges	(13,627,000,000)	(3,328,000,000)
Total pre-tax reclassifications from CTA to gain (loss)	0	60,000,000
Total pre-tax reclassifications from CTA to gain (loss) recorded in discontinued operations	0	60,000,000
Cash flow hedges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Effect on hedging instrument	142,000,000	22,000,000
Effect on underlying	(142,000,000)	(22,000,000)	$ 57,000,000
Effect on earnings	0	0
Effect on earnings	65,000,000	(1,000,000)	$ (84,000,000)
Fair value hedges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Effect on hedging instrument	(697,000,000)	(225,000,000)
Effect on underlying	672,000,000	163,000,000
Effect on earnings	(26,000,000)	(62,000,000)
Net investment hedges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Effect on hedging instrument	(603,000,000)	(563,000,000)
Effect on underlying	605,000,000	573,000,000
Effect on earnings	2,000,000	10,000,000
Economic hedges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Effect on hedging instrument	464,000,000	(339,000,000)
Effect on underlying	(574,000,000)	224,000,000
Effect on earnings	$ (110,000,000)	$ (115,000,000)

FINANCIAL INSTRUMENTS - Cash Fl

FINANCIAL INSTRUMENTS - Cash Flow Hedge Activity (Details) - Cash flow hedges - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2016
Derivative [Line Items]
Gain (loss) recognized in AOCI	$ 142	$ 22	$ (57)
Gain (loss) reclassified from AOCI into earnings	65	(1)	(84)
Interest rate contracts
Derivative [Line Items]
Gain (loss) recognized in AOCI	(4)	(2)	19
Gain (loss) reclassified from AOCI into earnings	(2)	(9)	(30)
Currency exchange contracts
Derivative [Line Items]
Gain (loss) recognized in AOCI	146	22	(77)
Gain (loss) reclassified from AOCI into earnings	66	8	(53)
Commodity contracts
Derivative [Line Items]
Gain (loss) recognized in AOCI	0	2	1
Gain (loss) reclassified from AOCI into earnings	$ 0	$ 0	$ (2)

FINANCIAL INSTRUMENTS - Effe108

FINANCIAL INSTRUMENTS - Effects of Derivative on Earnings (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Pre-tax gain included in AOCI related to cash flow hedges of forecasted transactions	$ 167
Amount of gain expected to be transferred to earnings as an expense	$ 7
Maximum term of hedged forecasted transactions	15 years	16 years	17 years

FINANCIAL INSTRUMENTS - Counter

FINANCIAL INSTRUMENTS - Counterparty Credit Risk (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Cash received as collateral	$ 103	$ 10
Securities received as collateral	350	405
Net derivative liability	357	$ 289
Counterparty Credit Risk
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Collateral, fair value	1,678
Cash received as collateral	1,329
Securities received as collateral	350
Fair value of cash collateral posted	155
Exposure to counterparties including interest net collateral, excluding embedded derivatives	288
Net derivative liability	$ 252

VARIABLE INTEREST ENTITIES - Na

VARIABLE INTEREST ENTITIES - Narrative (Details) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2018USD ($)joint_venture	Mar. 31, 2017USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2015joint_venture
Variable Interest Entity [Line Items]
Number of joint ventures formed | joint_venture	4			3
Combined assets	$ 3,927
Total revenues from consolidated VIEs	$ 28,660	$ 26,881
BHGE LLC
Variable Interest Entity [Line Items]
Economic interest in the partnership (as a percent)	62.50%
Alstom acquisition
Variable Interest Entity [Line Items]
Number of joint ventures formed | joint_venture	3
Combined assets	$ 16,357		$ 16,344
Combined liabilities	10,896		11,463
Redeemable non-controlling interest	3,208		3,065
Consolidated VIEs
Variable Interest Entity [Line Items]
Combined assets	4,187		6,028
Combined liabilities	3,270		4,642
Total revenues from consolidated VIEs	174	252
Cost of goods and services	73	$ 95
Third-party investors
Variable Interest Entity [Line Items]
Commingled cash owed to third-party investors	53		92
Unconsolidated VIEs
Variable Interest Entity [Line Items]
Investments in unconsolidated VIEs	$ 5,191		$ 5,833

VARIABLE INTEREST ENTITIES - Sc

VARIABLE INTEREST ENTITIES - Schedule of Assets and Liabilities of Consolidated VIEs (Details) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2018USD ($)funding_vehicle	Dec. 31, 2017USD ($)
Variable Interest Entity [Line Items]
Assets	$ 3,927
Borrowings
Variable Interest Entity [Line Items]
Liabilities	665
Consolidated VIE
Variable Interest Entity [Line Items]
Assets	4,187	$ 6,028
Liabilities	3,270	4,642
Consolidated VIE | Financing receivables, net
Variable Interest Entity [Line Items]
Assets	750	792
Consolidated VIE | Current receivables
Variable Interest Entity [Line Items]
Assets	528	630
Consolidated VIE | Investment securities
Variable Interest Entity [Line Items]
Assets		918
Consolidated VIE | Other assets
Variable Interest Entity [Line Items]
Assets	2,909	3,688
Consolidated VIE | Borrowings
Variable Interest Entity [Line Items]
Liabilities	968	1,066
Consolidated VIE | Non-recourse borrowings
Variable Interest Entity [Line Items]
Liabilities	665	685
Consolidated VIE | Other liabilities
Variable Interest Entity [Line Items]
Liabilities	$ 1,636	2,891
GE Capital
Variable Interest Entity [Line Items]
Number of funding vehicles established | funding_vehicle	2
Number of funding vehicles partially funded by third-party debt | funding_vehicle	1
GE Capital | Customer Notes receivables
Variable Interest Entity [Line Items]
Assets	$ 1,563	1,752
Liabilities	1,467	1,690
GE Capital | Customer Notes receivables | Financing receivables, net
Variable Interest Entity [Line Items]
Assets	0	0
GE Capital | Customer Notes receivables | Current receivables
Variable Interest Entity [Line Items]
Assets	442	570
GE Capital | Customer Notes receivables | Investment securities
Variable Interest Entity [Line Items]
Assets		0
GE Capital | Customer Notes receivables | Other assets
Variable Interest Entity [Line Items]
Assets	1,121	1,182
GE Capital | Customer Notes receivables | Borrowings
Variable Interest Entity [Line Items]
Liabilities	0	0
GE Capital | Customer Notes receivables | Non-recourse borrowings
Variable Interest Entity [Line Items]
Liabilities	650	669
GE Capital | Customer Notes receivables | Other liabilities
Variable Interest Entity [Line Items]
Liabilities	817	1,021
GE Capital | Other
Variable Interest Entity [Line Items]
Assets	2,008	3,630
Liabilities	1,498	2,568
GE Capital | Other | Financing receivables, net
Variable Interest Entity [Line Items]
Assets	750	792
GE Capital | Other | Current receivables
Variable Interest Entity [Line Items]
Assets	0	0
GE Capital | Other | Investment securities
Variable Interest Entity [Line Items]
Assets		918
GE Capital | Other | Other assets
Variable Interest Entity [Line Items]
Assets	1,259	1,920
GE Capital | Other | Borrowings
Variable Interest Entity [Line Items]
Liabilities	928	1,027
GE Capital | Other | Non-recourse borrowings
Variable Interest Entity [Line Items]
Liabilities	16	16
GE Capital | Other | Other liabilities
Variable Interest Entity [Line Items]
Liabilities	555	1,525
EIC | Consolidated VIE
Variable Interest Entity [Line Items]
Assets		1,470
Liabilities		$ 959
Beneficial interest (as a percent)		100.00%
GE | Consolidated VIE
Variable Interest Entity [Line Items]
Assets	616	$ 646
Liabilities	305	384
GE | Consolidated VIE | Financing receivables, net
Variable Interest Entity [Line Items]
Assets	0	0
GE | Consolidated VIE | Current receivables
Variable Interest Entity [Line Items]
Assets	86	59
GE | Consolidated VIE | Investment securities
Variable Interest Entity [Line Items]
Assets		0
GE | Consolidated VIE | Other assets
Variable Interest Entity [Line Items]
Assets	530	586
GE | Consolidated VIE | Borrowings
Variable Interest Entity [Line Items]
Liabilities	41	39
GE | Consolidated VIE | Non-recourse borrowings
Variable Interest Entity [Line Items]
Liabilities	0	0
GE | Consolidated VIE | Other liabilities
Variable Interest Entity [Line Items]
Liabilities	$ 264	$ 345

COMMITMENTS, GUARANTEES, PRO112

COMMITMENTS, GUARANTEES, PRODUCT WARRANTIES AND OTHER LOSS CONTINGENCIES - Commitments (Details) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)
GECAS | New aircraft
Long-term Purchase Commitment [Line Items]
List prices of multiple-year orders	$ 36,506
GECAS | Used aircraft
Long-term Purchase Commitment [Line Items]
List prices of multiple-year orders	3,271
Aviation
Long-term Purchase Commitment [Line Items]
Commitment to provide financing assistance	$ 1,937

COMMITMENTS, GUARANTEES, PRO113

COMMITMENTS, GUARANTEES, PRODUCT WARRANTIES AND OTHER LOSS CONTINGENCIES - Guarantees (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Guarantor Obligations [Line Items]
Liability for indemnification agreements	$ 20,224	$ 20,784
Credit support
Guarantor Obligations [Line Items]
Commitments	1,667
Liability	80
Indemnification agreements
Guarantor Obligations [Line Items]
Commitments	1,852
Liability	7
Required funding under residual value guarantees	241
Liability for indemnification agreements	260
Indemnification agreements - discontinued operations
Guarantor Obligations [Line Items]
Commitments	2,786
Liability for indemnification agreements	$ 301

COMMITMENTS, GUARANTEES, PRO114

COMMITMENTS, GUARANTEES, PRODUCT WARRANTIES AND OTHER LOSS CONTINGENCIES - Schedule of Product Warranties (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Movement in Standard Product Warranty Accrual
Balance at January 1	$ 2,348	$ 1,929
Current-year provisions	245	155
Expenditures	(237)	(210)
Other changes	149	17
Balance as of March 31	$ 2,505	$ 1,891

COMMITMENTS, GUARANTEES, PRO115

COMMITMENTS, GUARANTEES, PRODUCT WARRANTIES AND OTHER LOSS CONTINGENCIES - WMC Legal Matters (Details) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)securitizationclaimlawsuit	Jun. 30, 2017claim	Mar. 31, 2017USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)
Loss Contingencies [Line Items]
Claims reflecting purchase price or unpaid principal balances of the loans at the time of purchase	$ 3,404
Potential Violation of FIRREA by WMC and GE Capital
Loss Contingencies [Line Items]
Reserve provision	1,500
Disposed of by Sale | WMC
Loss Contingencies [Line Items]
Active claims for alleged breaches of representations and warranties on mortgage loans	298			$ 462
Additional claims asserted against WMC in litigation without making a prior claim	3,107			3,198
Reserves	342		$ 626	$ 416	$ 626
Net decrease to reserves due to settlements	74
Reserve provision	$ 0		$ 0
Number of lawsuits arising from alleged breaches of representations and warranties | lawsuit	4
Number of securitizations related to lawsuits | securitization	5
Number of claims dismissed | claim		1
Number of pending claims | claim	3
Disposed of by Sale | WMC | Pending Outcome of Ongoing Settlement Negotiations
Loss Contingencies [Line Items]
Number of lawsuits arising from alleged breaches of representations and warranties | lawsuit	2
Disposed of by Sale | WMC | Minimum
Loss Contingencies [Line Items]
Estimate of possible loss	$ 0
Disposed of by Sale | WMC | Maximum
Loss Contingencies [Line Items]
Estimate of possible loss	$ 500

COMMITMENTS, GUARANTEES, PRO116

COMMITMENTS, GUARANTEES, PRODUCT WARRANTIES AND OTHER LOSS CONTINGENCIES - Rollforward of the Reserve (Details) - Disposed of by sale - WMC - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Loss Contingency Accrual
Balance, beginning of period	$ 416	$ 626
Provision	0	0
Claim resolutions / rescissions	(74)	0
Balance, end of period	$ 342	$ 626

COMMITMENTS, GUARANTEES, PRO117

COMMITMENTS, GUARANTEES, PRODUCT WARRANTIES AND OTHER LOSS CONTINGENCIES - Alston Legacy Matters (Details) - Alstom Legacy Matters € in Millions, $ in Millions	Nov. 02, 2015USD ($)significant_case	Dec. 31, 2014USD ($)	Jan. 31, 2007EUR (€)
Loss Contingencies [Line Items]
Number of significant cases involving anti-competitive activities and improper payments | significant_case	2
Fine for participating in gas insulated switchgear cartel | €			€ 65
Reduced fine | €			€ 59
Criminal penalty paid | $		$ 772
Reserve established for legal and compliance matters | $	$ 858

CASH FLOWS INFORMATION (Details

CASH FLOWS INFORMATION (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
All other operating activities
All other operating activities	$ (451)	$ (679)
All other investing activities
All other investing activities	(623)	5,315
Net dispositions (purchases) of GE shares for treasury
Net dispositions (purchases) of GE shares for treasury	(8)	(1,578)
GE
All other operating activities
(Gains) losses on purchases and sales of business interests	63	(13)
Income taxes	242	(239)
Principal pension plans	720	929
Other postretirement benefit plans	(423)	(267)
Restructuring and other charges	132	365
Other	(1,532)	(875)
All other operating activities	(798)	(101)
Valuation allowance on businesses held for sale	49
Current tax expense (benefit)	541	435
Net cash paid for income taxes	(299)	(674)
Other postretirement plans costs	(46)	114
Restructuring and other charges including impairment	585	979
Restructuring and other cash expenditures	(453)	(614)
All other investing activities
Derivative settlements (net)	(163)	0
Investments in intangible assets (net)	(584)	(154)
Other	26	(23)
All other investing activities	(721)	(177)
Net derivative settlement, operating activities		(151)
Net dispositions (purchases) of GE shares for treasury
Open market purchases under share repurchase program	(80)	(1,875)
Other purchases	(4)	(13)
Dispositions	77	309
Net dispositions (purchases) of GE shares for treasury	(8)	(1,578)
GE | Pension Costs
All other operating activities
Principal pension plans	1,065	983
GE | Employer Contributions
All other operating activities
Principal pension plans	(345)	(54)
Other postretirement plans	$ (377)	$ (267)

INTERCOMPANY TRANSACTIONS (Deta

INTERCOMPANY TRANSACTIONS (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Related Party Transaction [Line Items]
Total cash from (used for) operating activities-continuing operations	$ 1,423	$ 576
Total cash from (used for) investing activities-continuing operations	(1,570)	4,735
Total cash from (used for) financing activities-continuing operations	(11,899)	(12,185)
GE and GE Capital totals
Related Party Transaction [Line Items]
Total cash from (used for) operating activities-continuing operations	(473)	487
Total cash from (used for) investing activities-continuing operations	973	4,971
Total cash from (used for) financing activities-continuing operations	(12,545)	(12,331)
GE and GE Capital totals | Affiliated Entity | GE current receivables sold to GE Capital
Related Party Transaction [Line Items]
Total cash from (used for) operating activities-continuing operations	1,815	1,958
Total cash from (used for) investing activities-continuing operations	(2,371)	(2,412)
Total cash from (used for) financing activities-continuing operations	556	454
GE and GE Capital totals | Affiliated Entity | GE Capital long-term loans to GE
Related Party Transaction [Line Items]
Total cash from (used for) investing activities-continuing operations	285	4,075
GE and GE Capital totals | Affiliated Entity | GE Capital short-term loan to GE
Related Party Transaction [Line Items]
Total cash from (used for) investing activities-continuing operations	0	(1,329)
Total cash from (used for) financing activities-continuing operations	0	1,329
GE and GE Capital totals | Affiliated Entity | GE Capital dividends to GE
Related Party Transaction [Line Items]
Total cash from (used for) operating activities-continuing operations	0	(2,000)
Total cash from (used for) financing activities-continuing operations	0	2,000
GE and GE Capital totals | Affiliated Entity | GE Capital long-term loans to GE
Related Party Transaction [Line Items]
Total cash from (used for) financing activities-continuing operations	(285)	(4,075)
Other reclassifications and eliminations
Related Party Transaction [Line Items]
Total cash from (used for) operating activities-continuing operations	81	131
Total cash from (used for) investing activities-continuing operations	(457)	(570)
Total cash from (used for) financing activities-continuing operations	$ 375	$ 438

GUARANTOR FINANCIAL INFORMAT120

GUARANTOR FINANCIAL INFORMATION - Condensed Consolidating Statement of Earnings (Loss) and Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Revenues
Sales of goods and services	$ 26,874	$ 24,617
GE Capital revenues from services	1,786	2,264
Total revenues	28,660	26,881
Costs and expenses
Interest and other financial charges	1,285	1,139
Other costs and expenses	27,168	25,992
Total costs and expenses	28,453	27,131
Other income (loss)	205	197
Equity in earnings (loss) of affiliates	0	0
Earnings (loss) from continuing operations before income taxes	413	(53)
Benefit (provision) for income taxes	27	105
Earnings (loss) from continuing operations	440	52
Earnings (loss) from discontinued operations, net of taxes	(1,553)	(239)
Net earnings (loss)	(1,113)	(187)
Less net earnings (loss) attributable to noncontrolling interests	34	(104)
Net earnings (loss) attributable to the Company	(1,147)	(83)
Other comprehensive income (loss)	1,542	1,822
Comprehensive income (loss) attributable to the Company	395	1,739
Reportable Legal Entities | Parent Company Guarantor
Revenues
Sales of goods and services	7,704	8,792
GE Capital revenues from services	0	0
Total revenues	7,704	8,792
Costs and expenses
Interest and other financial charges	1,380	910
Other costs and expenses	8,137	9,630
Total costs and expenses	9,517	10,539
Other income (loss)	275	54
Equity in earnings (loss) of affiliates	2,592	1,708
Earnings (loss) from continuing operations before income taxes	1,054	15
Benefit (provision) for income taxes	(648)	145
Earnings (loss) from continuing operations	406	159
Earnings (loss) from discontinued operations, net of taxes	(1,553)	(242)
Net earnings (loss)	(1,147)	(83)
Less net earnings (loss) attributable to noncontrolling interests	0	0
Net earnings (loss) attributable to the Company	(1,147)	(83)
Other comprehensive income (loss)	1,542	1,822
Comprehensive income (loss) attributable to the Company	395	1,739
Reportable Legal Entities | Subsidiary Issuer
Revenues
Sales of goods and services	0	0
GE Capital revenues from services	208	156
Total revenues	208	156
Costs and expenses
Interest and other financial charges	206	150
Other costs and expenses	0	0
Total costs and expenses	206	150
Other income (loss)	0	0
Equity in earnings (loss) of affiliates	0	0
Earnings (loss) from continuing operations before income taxes	2	6
Benefit (provision) for income taxes	0	(1)
Earnings (loss) from continuing operations	2	5
Earnings (loss) from discontinued operations, net of taxes	0	0
Net earnings (loss)	2	5
Less net earnings (loss) attributable to noncontrolling interests	0	0
Net earnings (loss) attributable to the Company	2	5
Other comprehensive income (loss)	0	0
Comprehensive income (loss) attributable to the Company	2	5
Reportable Legal Entities | Subsidiary Guarantor
Revenues
Sales of goods and services	0	0
GE Capital revenues from services	226	186
Total revenues	226	186
Costs and expenses
Interest and other financial charges	547	455
Other costs and expenses	0	13
Total costs and expenses	547	468
Other income (loss)	0	0
Equity in earnings (loss) of affiliates	620	242
Earnings (loss) from continuing operations before income taxes	299	(40)
Benefit (provision) for income taxes	0	115
Earnings (loss) from continuing operations	299	74
Earnings (loss) from discontinued operations, net of taxes	(17)	283
Net earnings (loss)	282	357
Less net earnings (loss) attributable to noncontrolling interests	0	0
Net earnings (loss) attributable to the Company	282	357
Other comprehensive income (loss)	39	617
Comprehensive income (loss) attributable to the Company	321	974
Reportable Legal Entities | Non- Guarantor Subsidiaries
Revenues
Sales of goods and services	37,980	36,090
GE Capital revenues from services	1,557	2,270
Total revenues	39,538	38,360
Costs and expenses
Interest and other financial charges	1,263	1,082
Other costs and expenses	38,143	35,940
Total costs and expenses	39,407	37,022
Other income (loss)	(1,873)	4,620
Equity in earnings (loss) of affiliates	(159)	36,682
Earnings (loss) from continuing operations before income taxes	(1,901)	42,640
Benefit (provision) for income taxes	600	(469)
Earnings (loss) from continuing operations	(1,301)	42,171
Earnings (loss) from discontinued operations, net of taxes	1	1
Net earnings (loss)	(1,300)	42,172
Less net earnings (loss) attributable to noncontrolling interests	(5)	(48)
Net earnings (loss) attributable to the Company	(1,294)	42,220
Other comprehensive income (loss)	878	(1,457)
Comprehensive income (loss) attributable to the Company	(416)	40,763
Consolidating Adjustments
Revenues
Sales of goods and services	(18,810)	(20,265)
GE Capital revenues from services	(205)	(347)
Total revenues	(19,015)	(20,612)
Costs and expenses
Interest and other financial charges	(2,111)	(1,457)
Other costs and expenses	(19,113)	(19,591)
Total costs and expenses	(21,224)	(21,048)
Other income (loss)	1,804	(4,477)
Equity in earnings (loss) of affiliates	(3,054)	(38,632)
Earnings (loss) from continuing operations before income taxes	959	(42,673)
Benefit (provision) for income taxes	75	315
Earnings (loss) from continuing operations	1,034	(42,358)
Earnings (loss) from discontinued operations, net of taxes	16	(280)
Net earnings (loss)	1,050	(42,638)
Less net earnings (loss) attributable to noncontrolling interests	39	(55)
Net earnings (loss) attributable to the Company	1,011	(42,583)
Other comprehensive income (loss)	(917)	840
Comprehensive income (loss) attributable to the Company	$ 94	$ (41,743)

GUARANTOR FINANCIAL INFORMAT121

GUARANTOR FINANCIAL INFORMATION - Condensed Consolidating Statement of Financial Position (Details) - USD ($) $ in Millions		Mar. 31, 2018		Dec. 31, 2017		Mar. 31, 2017	Dec. 31, 2016
Assets
Cash, cash equivalents and restricted cash		$ 32,129	[1]	$ 43,967	[1]	$ 42,042
Investment securities		37,156		38,696
Receivables - net		39,498		40,846
Inventories		20,574		19,419
Property, plant and equipment - net		53,650		53,874
Investment in subsidiaries		0		0
Goodwill and intangible assets		106,129		104,242
All other assets		63,303		62,288
Assets of discontinued operations		5,670		5,912
Total assets	[2]	358,109		369,245
Liabilities and equity
Short-term borrowings		19,371		24,036
Accounts payable		15,060		15,172
Other current liabilities		39,102		40,088
Long-term and non-recourse borrowings		106,469		110,556
All other liabilities		99,262		101,797
Liabilities of discontinued operations		2,104		706
Total Liabilities	[2]	281,367		292,355
Redeemable noncontrolling interests		3,549		3,391		3,046	$ 3,017
GE shareowners' equity		55,965		56,030		68,100
Noncontrolling interests		17,228	[3]	17,468	[3]	1,639	$ 1,663
Total equity (Note 15)		73,193		73,498		69,740
Total liabilities, redeemable noncontrolling interests and equity		358,109		369,245
Subsidiary Guarantor | Subsidiaries of the Subsidiary Guarantor
Liabilities and equity
Cash and cash equivalent balances within subsidiaries		9,099		15,225
Net assets of discontinued operations		3,589		4,318
Reportable Legal Entities | Parent Company Guarantor
Assets
Cash, cash equivalents and restricted cash		18		3,472		647
Investment securities		1		1
Receivables - net		46,397		50,923
Inventories		4,705		4,587
Property, plant and equipment - net		5,789		5,808
Investment in subsidiaries		283,079		277,929
Goodwill and intangible assets		8,483		8,014
All other assets		10,087		30,737
Assets of discontinued operations		0		0
Total assets		358,558		381,472
Liabilities and equity
Short-term borrowings		167,854		191,807
Accounts payable		16,362		8,126
Other current liabilities		11,662		11,892
Long-term and non-recourse borrowings		64,468		71,023
All other liabilities		42,247		42,594
Liabilities of discontinued operations		0		0
Total Liabilities		302,593		325,442
Redeemable noncontrolling interests		0		0
GE shareowners' equity		55,965		56,030
Noncontrolling interests		0		0
Total equity (Note 15)		55,965		56,030
Total liabilities, redeemable noncontrolling interests and equity		358,558		381,472
Reportable Legal Entities | Subsidiary Issuer
Assets
Cash, cash equivalents and restricted cash		0		0		0
Investment securities		0		0
Receivables - net		17,468		17,316
Inventories		0		0
Property, plant and equipment - net		0		0
Investment in subsidiaries		0		0
Goodwill and intangible assets		0		0
All other assets		16		16
Assets of discontinued operations		0		0
Total assets		17,484		17,332
Liabilities and equity
Short-term borrowings		0		0
Accounts payable		0		0
Other current liabilities		8		8
Long-term and non-recourse borrowings		15,916		16,632
All other liabilities		542		475
Liabilities of discontinued operations		0		0
Total Liabilities		16,466		17,116
Redeemable noncontrolling interests		0		0
GE shareowners' equity		1,018		216
Noncontrolling interests		0		0
Total equity (Note 15)		1,018		216
Total liabilities, redeemable noncontrolling interests and equity		17,484		17,332
Reportable Legal Entities | Subsidiary Guarantor
Assets
Cash, cash equivalents and restricted cash		3		3		41
Investment securities		0		0
Receivables - net		32,603		32,381
Inventories		0		0
Property, plant and equipment - net		0		0
Investment in subsidiaries		78,928		77,488
Goodwill and intangible assets		0		0
All other assets		191		32
Assets of discontinued operations		0		0
Total assets		111,725		109,904
Liabilities and equity
Short-term borrowings		47,485		46,033
Accounts payable		0		0
Other current liabilities		3		3
Long-term and non-recourse borrowings		34,772		34,730
All other liabilities		135		128
Liabilities of discontinued operations		0		0
Total Liabilities		82,395		80,894
Redeemable noncontrolling interests		0		0
GE shareowners' equity		29,330		29,010
Noncontrolling interests		0		0
Total equity (Note 15)		29,330		29,010
Total liabilities, redeemable noncontrolling interests and equity		111,725		109,904
Reportable Legal Entities | Non- Guarantor Subsidiaries
Assets
Cash, cash equivalents and restricted cash		32,749		41,236		42,170
Investment securities		38,148		39,809
Receivables - net		82,863		87,776
Inventories		22,165		22,215
Property, plant and equipment - net		49,614		48,516
Investment in subsidiaries		717,025		715,936
Goodwill and intangible assets		91,260		90,226
All other assets		219,939		236,771
Assets of discontinued operations		0		0
Total assets		1,253,765		1,282,485
Liabilities and equity
Short-term borrowings		17,468		22,603
Accounts payable		48,275		77,509
Other current liabilities		34,175		28,218
Long-term and non-recourse borrowings		54,626		55,367
All other liabilities		65,808		66,293
Liabilities of discontinued operations		0		0
Total Liabilities		220,351		249,991
Redeemable noncontrolling interests		2,787		2,627
GE shareowners' equity		1,029,234		1,028,311
Noncontrolling interests		1,394		1,556
Total equity (Note 15)		1,030,627		1,029,867
Total liabilities, redeemable noncontrolling interests and equity		1,253,765		1,282,485
Consolidating Adjustments
Assets
Cash, cash equivalents and restricted cash		(641)		(743)		$ (816)
Investment securities		(992)		(1,113)
Receivables - net		(139,833)		(147,551)
Inventories		(6,297)		(7,383)
Property, plant and equipment - net		(1,753)		(450)
Investment in subsidiaries		(1,079,032)		(1,071,353)
Goodwill and intangible assets		6,387		6,002
All other assets		(166,931)		(205,269)
Assets of discontinued operations		5,670		5,912
Total assets		(1,383,423)		(1,421,948)
Liabilities and equity
Short-term borrowings		(213,435)		(236,407)
Accounts payable		(49,577)		(70,462)
Other current liabilities		(6,747)		(34)
Long-term and non-recourse borrowings		(63,313)		(67,197)
All other liabilities		(9,470)		(7,694)
Liabilities of discontinued operations		2,104		706
Total Liabilities		(340,437)		(381,088)
Redeemable noncontrolling interests		762		764
GE shareowners' equity		(1,059,582)		(1,057,537)
Noncontrolling interests		15,835		15,912
Total equity (Note 15)		(1,043,747)		(1,041,625)
Total liabilities, redeemable noncontrolling interests and equity		$ (1,383,423)		$ (1,421,948)
[1]	Includes restricted cash of $501 million and $668 million at March 31, 2018 and December 31, 2017, respectively.
[2]	Our consolidated assets at March 31, 2018 included total assets of $3,927 million of certain variable interest entities (VIEs) that can only be used to settle the liabilities of those VIEs. These assets included current receivables and net financing receivables of $1,460 million within continuing operations and assets of discontinued operations of $280 million. Our consolidated liabilities at March 31, 2018 included liabilities of certain VIEs for which the VIE creditors do not have recourse to GE. These liabilities included non-recourse borrowings of consolidated securitization entities (CSEs) of $(665) million within continuing operations. See Note 18.
[3]	Included AOCI attributable to noncontrolling interests of $(66) million and $(226) million at March 31, 2018 and December 31, 2017, respectively.

GUARANTOR FINANCIAL INFORMAT122

GUARANTOR FINANCIAL INFORMATION - Condensed Consolidating Statement of Cash Flows (Details) - USD ($) $ in Millions	3 Months Ended			12 Months Ended
	Mar. 31, 2018		Mar. 31, 2017	Dec. 31, 2017
Cash flows – operating activities
Cash from (used for) operating activities - continuing operations	$ 1,423		$ 576
Cash from (used for) operating activities - discontinued operations	(33)		(658)
Cash from (used for) operating activities	1,390		(82)
Cash flows – investing activities
Cash from (used for) investing activities – continuing operations	(1,570)		4,735
Cash from (used for) investing activities – continuing operations	(74)		(2,026)
Cash from (used for) investing activities	(1,644)		2,709
Cash flows – financing activities
Cash from (used for) financing activities – continuing operations	(11,899)		(12,185)
Cash from (used for) financing activities – discontinued operations	0		1,907
Cash from (used for) financing activities	(11,899)		(10,278)
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash	208		133
Increase (decrease) in cash, cash equivalents and restricted cash	(11,945)		(7,518)
Cash, cash equivalents and restricted cash at beginning of year	44,724		50,384	$ 50,384
Cash, cash equivalents and restricted cash at March 31	32,779		42,866	44,724
Less cash, cash equivalents and restricted cash of discontinued operations at March 31	650		824
Cash, cash equivalents and restricted cash of continuing operations at March 31	32,129	[1]	42,042	43,967	[1]
Reportable Legal Entities
Cash flows – operating activities
Cash from (used for) operating activities - continuing operations	(473)		487
Cash flows – investing activities
Cash from (used for) investing activities – continuing operations	973		4,971
Cash flows – financing activities
Cash from (used for) financing activities – continuing operations	(12,545)		(12,331)
Reportable Legal Entities | Parent Company Guarantor
Cash flows – operating activities
Cash from (used for) operating activities - continuing operations	19,897		(9,938)
Cash from (used for) operating activities - discontinued operations	(1,553)		(242)
Cash from (used for) operating activities	18,344		(10,180)
Cash flows – investing activities
Cash from (used for) investing activities – continuing operations	6,242		4,386
Cash from (used for) investing activities – continuing operations	0		0
Cash from (used for) investing activities	6,242		4,386
Cash flows – financing activities
Cash from (used for) financing activities – continuing operations	(28,041)		3,713
Cash from (used for) financing activities – discontinued operations	0		0
Cash from (used for) financing activities	(28,041)		3,713
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash	0		0
Increase (decrease) in cash, cash equivalents and restricted cash	(3,454)		(2,081)
Cash, cash equivalents and restricted cash at beginning of year	3,472		2,729	2,729
Cash, cash equivalents and restricted cash at March 31	18		647	3,472
Less cash, cash equivalents and restricted cash of discontinued operations at March 31	0		0
Cash, cash equivalents and restricted cash of continuing operations at March 31	18		647	3,472
Reportable Legal Entities | Subsidiary Issuer
Cash flows – operating activities
Cash from (used for) operating activities - continuing operations	146		13
Cash from (used for) operating activities - discontinued operations	0		0
Cash from (used for) operating activities	146		13
Cash flows – investing activities
Cash from (used for) investing activities – continuing operations	(75)		(13)
Cash from (used for) investing activities – continuing operations	0		0
Cash from (used for) investing activities	(75)		(13)
Cash flows – financing activities
Cash from (used for) financing activities – continuing operations	(70)		0
Cash from (used for) financing activities – discontinued operations	0		0
Cash from (used for) financing activities	(70)		0
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash	0		0
Increase (decrease) in cash, cash equivalents and restricted cash	0		0
Cash, cash equivalents and restricted cash at beginning of year	0		0	0
Cash, cash equivalents and restricted cash at March 31	0		0	0
Less cash, cash equivalents and restricted cash of discontinued operations at March 31	0		0
Cash, cash equivalents and restricted cash of continuing operations at March 31	0		0	0
Reportable Legal Entities | Subsidiary Guarantor
Cash flows – operating activities
Cash from (used for) operating activities - continuing operations	(427)		627
Cash from (used for) operating activities - discontinued operations	0		0
Cash from (used for) operating activities	(427)		627
Cash flows – investing activities
Cash from (used for) investing activities – continuing operations	(788)		584
Cash from (used for) investing activities – continuing operations	0		0
Cash from (used for) investing activities	(788)		584
Cash flows – financing activities
Cash from (used for) financing activities – continuing operations	1,214		(1,212)
Cash from (used for) financing activities – discontinued operations	0		0
Cash from (used for) financing activities	1,214		(1,212)
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash	0		0
Increase (decrease) in cash, cash equivalents and restricted cash	0		(1)
Cash, cash equivalents and restricted cash at beginning of year	3		41	41
Cash, cash equivalents and restricted cash at March 31	3		41	3
Less cash, cash equivalents and restricted cash of discontinued operations at March 31	0		0
Cash, cash equivalents and restricted cash of continuing operations at March 31	3		41	3
Reportable Legal Entities | Non- Guarantor Subsidiaries
Cash flows – operating activities
Cash from (used for) operating activities - continuing operations	(17,187)		77,587
Cash from (used for) operating activities - discontinued operations	1,521		(418)
Cash from (used for) operating activities	(15,666)		77,169
Cash flows – investing activities
Cash from (used for) investing activities – continuing operations	(15,541)		(70,181)
Cash from (used for) investing activities – continuing operations	(74)		(2,026)
Cash from (used for) investing activities	(15,615)		(72,207)
Cash flows – financing activities
Cash from (used for) financing activities – continuing operations	22,479		(13,212)
Cash from (used for) financing activities – discontinued operations	0		1,907
Cash from (used for) financing activities	22,479		(11,305)
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash	208		133
Increase (decrease) in cash, cash equivalents and restricted cash	(8,593)		(6,209)
Cash, cash equivalents and restricted cash at beginning of year	41,993		49,204	49,204
Cash, cash equivalents and restricted cash at March 31	33,399		42,994	41,993
Less cash, cash equivalents and restricted cash of discontinued operations at March 31	650		824
Cash, cash equivalents and restricted cash of continuing operations at March 31	32,749		42,170	41,236
Consolidating Adjustments
Cash flows – operating activities
Cash from (used for) operating activities - continuing operations	(1,006)		(67,713)
Cash from (used for) operating activities - discontinued operations	(1)		3
Cash from (used for) operating activities	(1,007)		(67,710)
Cash flows – investing activities
Cash from (used for) investing activities – continuing operations	8,591		69,958
Cash from (used for) investing activities – continuing operations	0		0
Cash from (used for) investing activities	8,591		69,958
Cash flows – financing activities
Cash from (used for) financing activities – continuing operations	(7,482)		(1,474)
Cash from (used for) financing activities – discontinued operations	0		0
Cash from (used for) financing activities	(7,482)		(1,474)
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash	0		0
Increase (decrease) in cash, cash equivalents and restricted cash	103		773
Cash, cash equivalents and restricted cash at beginning of year	(743)		(1,590)	(1,590)
Cash, cash equivalents and restricted cash at March 31	(641)		(816)	(743)
Less cash, cash equivalents and restricted cash of discontinued operations at March 31	0		0
Cash, cash equivalents and restricted cash of continuing operations at March 31	$ (641)		$ (816)	$ (743)
[1]	Includes restricted cash of $501 million and $668 million at March 31, 2018 and December 31, 2017, respectively.

SEGMENT OPERATIONS (Details)

SEGMENT OPERATIONS (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Segment Reporting Information [Line Items]
Revenues	$ 28,660	$ 26,881
Revenues, V%	7.00%
Corporate items and eliminations	$ 413	(53)
GE interest and other financial charges	(1,285)	(1,139)
GE non-operating benefit costs	(688)	(651)
GE benefit (provision) for income taxes	27	105
Earnings (loss) from continuing operations attributable to GE common shareowners	369	122
Earnings (loss) from discontinued operations, net of taxes	(1,553)	(239)
Less net earnings attributable to noncontrolling interests, discontinued operations	0	0
Earnings (loss) from discontinued operations, net of tax and noncontrolling interest	(1,553)	(239)
Net earnings (loss) attributable to GE common shareowners	(1,184)	(117)
Oil & Gas
Segment Reporting Information [Line Items]
Operating profit excluding restructuring and other charges	181
Operating Segments
Segment Reporting Information [Line Items]
Revenues	$ 29,569	27,894
Revenues, V%	6.00%
Segment profit (loss)	$ 2,460	2,760
Segment profit (loss), V%	(11.00%)
Operating Segments | Total industrial segment revenues
Segment Reporting Information [Line Items]
Revenues	$ 27,395	25,213
Revenues, V%	9.00%
Segment profit (loss)	$ 2,675	2,807
Segment profit (loss), V%	(5.00%)
Operating Segments | Power
Segment Reporting Information [Line Items]
Revenues	$ 7,222	7,940
Revenues, V%	(9.00%)
Segment profit (loss)	$ 273	438
Segment profit (loss), V%	(38.00%)
Operating Segments | Renewable Energy
Segment Reporting Information [Line Items]
Revenues	$ 1,646	1,767
Revenues, V%	(7.00%)
Segment profit (loss)	$ 77	70
Segment profit (loss), V%	10.00%
Operating Segments | Oil & Gas
Segment Reporting Information [Line Items]
Revenues	$ 5,385	3,086
Revenues, V%	74.00%
Segment profit (loss)	$ (144)	260
Operating Segments | Aviation
Segment Reporting Information [Line Items]
Revenues	$ 7,112	6,673
Revenues, V%	7.00%
Segment profit (loss)	$ 1,603	1,273
Segment profit (loss), V%	26.00%
Operating Segments | Healthcare
Segment Reporting Information [Line Items]
Revenues	$ 4,702	4,305
Revenues, V%	9.00%
Segment profit (loss)	$ 735	661
Segment profit (loss), V%	11.00%
Operating Segments | Transportation
Segment Reporting Information [Line Items]
Revenues	$ 872	979
Revenues, V%	(11.00%)
Segment profit (loss)	$ 130	95
Segment profit (loss), V%	37.00%
Operating Segments | Lighting
Segment Reporting Information [Line Items]
Revenues	$ 456	462
Revenues, V%	(1.00%)
Segment profit (loss)	$ 1	10
Segment profit (loss), V%	(90.00%)
Operating Segments | Capital
Segment Reporting Information [Line Items]
Revenues	$ 2,173	2,681
Revenues, V%	(19.00%)
Segment profit (loss)	$ (215)	(47)
Corporate Items and Eliminations
Segment Reporting Information [Line Items]
Revenues	$ (908)	(1,013)
Revenues, V%	10.00%
Corporate items and eliminations	$ (653)	(1,402)
Corporate items and eliminations, V%	53.00%
Segment Reconciling Items
Segment Reporting Information [Line Items]
GE interest and other financial charges	$ (642)	(564)
GE interest and other financial charges, V%	(14.00%)
GE non-operating benefit costs	$ (684)	(649)
GE non-operating benefit costs, V%	(5.00%)
GE benefit (provision) for income taxes	$ (112)	$ (23)