General Electric (GE) 10-Q 27 Jul 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information shares in Thousands	6 Months Ended
	Jun. 30, 2018shares
Document and Entity Information [Abstract]
Document Type	10-Q
Document Period End Date	Jun. 30, 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	8,691,081
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,018

STATEMENT OF EARNINGS (LOSS) (U

STATEMENT OF EARNINGS (LOSS) (UNAUDITED) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Revenues
Sales		$ 28,093	$ 27,075	$ 54,967	$ 51,691
GE Capital revenues from services		2,011	2,022	3,797	4,286
Total revenues		30,104	29,097	58,764	55,978
Costs and expenses
Selling, general and administrative expenses		4,488	4,152	8,692	8,439
Interest and other financial charges		1,295	1,174	2,580	2,313
Investment contracts, insurance losses and insurance annuity benefits		669	657	1,299	1,291
Non-operating benefit costs		693	561	1,381	1,212
Other costs and expenses		68	133	188	323
Total costs and expenses		29,636	28,300	58,089	55,431
Other income		864	330	1,069	527
GE Capital earnings (loss) from continuing operations		0	0	0	0
Earnings (loss) from continuing operations before income taxes		1,331	1,127	1,744	1,074
Benefit (provision) for income taxes		(542)	38	(515)	142
Earnings (loss) from continuing operations		789	1,164	1,229	1,217
Earnings (loss) from discontinued operations, net of taxes		(121)	(146)	(1,673)	(385)
Net earnings (loss)		669	1,019	(444)	832
Less net earnings (loss) attributable to noncontrolling interests		(132)	(38)	(98)	(142)
Net earnings (loss) attributable to the Company		800	1,057	(347)	974
Preferred stock dividends		(185)	(182)	(222)	(216)
Net earnings (loss) attributable to GE common shareowners		615	875	(568)	758
Amounts attributable to GE common shareowners
Earnings (loss) from continuing operations		789	1,164	1,229	1,217
Less net earnings (loss) attributable to noncontrolling interests, continuing operations		(132)	(45)	(98)	(149)
Earnings (loss) from continuing operations attributable to the Company		921	1,210	1,327	1,366
Preferred stock dividends		(185)	(182)	(222)	(216)
Earnings (loss) from continuing operations attributable to GE common shareowners		736	1,028	1,105	1,150
Earnings (loss) from discontinued operations, net of taxes		(121)	(146)	(1,673)	(385)
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations		0	7	0	7
Net earnings (loss) attributable to GE common shareowners		$ 615	$ 875	$ (568)	$ 758
Earnings (loss) from continuing operations
Diluted earnings (loss) per share (in dollars per share)		$ 0.08	$ 0.12	$ 0.13	$ 0.13
Basic earnings (loss) per share (in dollars per share)		0.08	0.12	0.13	0.13
Net earnings (loss)
Diluted earnings (loss) per share (in dollars per share)		0.07	0.10	(0.07)	0.09
Basic earnings (loss) per share (in dollars per share)		0.07	0.10	(0.07)	0.09
Dividends declared per common share (in dollars per share)		$ 0.12	$ 0.24	$ 0.24	$ 0.48
Goods
Revenues
Sales		$ 18,000	$ 18,360	$ 35,282	$ 35,104
Costs and expenses
Cost of sales		14,932	15,253	29,112	29,550
Services
Revenues
Sales		10,093	8,715	19,685	16,587
Costs and expenses
Cost of sales		7,492	6,370	14,837	12,304
GE
Revenues
GE Capital revenues from services	[1]	0	0	0	0
Total revenues	[1]	28,079	27,129	54,973	51,909
Costs and expenses
Selling, general and administrative expenses	[1]	4,331	3,792	8,330	7,595
Interest and other financial charges	[1]	690	637	1,333	1,200
Investment contracts, insurance losses and insurance annuity benefits	[1]	0	0	0	0
Non-operating benefit costs	[1]	690	552	1,374	1,201
Other costs and expenses	[1]	0	0	0	0
Total costs and expenses	[1]	27,588	26,139	53,941	50,999
Other income	[1]	843	332	1,036	498
GE Capital earnings (loss) from continuing operations	[1]	(207)	(172)	(422)	(219)
Earnings (loss) from continuing operations before income taxes	[1]	1,127	1,150	1,646	1,189
Benefit (provision) for income taxes	[1]	(525)	(165)	(637)	(188)
Earnings (loss) from continuing operations	[1]	602	985	1,009	1,002
Earnings (loss) from discontinued operations, net of taxes	[1]	(121)	(152)	(1,673)	(392)
Net earnings (loss)	[1]	482	833	(664)	610
Less net earnings (loss) attributable to noncontrolling interests	[1]	(133)	(42)	(96)	(148)
Net earnings (loss) attributable to the Company	[1]	615	875	(568)	758
Preferred stock dividends	[1]	0	0	0	0
Net earnings (loss) attributable to GE common shareowners	[1]	615	875	(568)	758
Amounts attributable to GE common shareowners
Earnings (loss) from continuing operations	[1]	602	985	1,009	1,002
Less net earnings (loss) attributable to noncontrolling interests, continuing operations	[1]	(133)	(42)	(96)	(148)
Earnings (loss) from continuing operations attributable to the Company	[1]	736	1,028	1,105	1,150
Preferred stock dividends	[1]	0	0	0	0
Earnings (loss) from continuing operations attributable to GE common shareowners	[1]	736	1,028	1,105	1,150
Earnings (loss) from discontinued operations, net of taxes	[1]	(121)	(152)	(1,673)	(392)
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations	[1]	0	0	0	0
Net earnings (loss) attributable to GE common shareowners	[1]	615	875	(568)	758
GE | Goods
Revenues
Sales	[1]	17,960	18,423	35,233	35,192
Costs and expenses
Cost of sales	[1]	14,898	15,322	29,070	29,651
GE | Services
Revenues
Sales	[1]	10,120	8,706	19,740	16,717
Costs and expenses
Cost of sales	[1]	6,979	5,836	13,834	11,352
Financial Services (GE Capital)
Revenues
GE Capital revenues from services		2,398	2,413	4,539	5,065
Total revenues		2,429	2,446	4,602	5,127
Costs and expenses
Selling, general and administrative expenses		312	490	655	1,062
Interest and other financial charges		772	771	1,592	1,582
Investment contracts, insurance losses and insurance annuity benefits		694	682	1,339	1,318
Non-operating benefit costs		3	9	7	11
Other costs and expenses		79	144	212	358
Total costs and expenses		2,432	2,641	4,926	5,461
Other income		0	0	0	0
GE Capital earnings (loss) from continuing operations		0	0	0	0
Earnings (loss) from continuing operations before income taxes		(3)	(195)	(324)	(334)
Benefit (provision) for income taxes		(17)	202	122	330
Earnings (loss) from continuing operations		(20)	7	(202)	(4)
Earnings (loss) from discontinued operations, net of taxes		(66)	(146)	(1,618)	(388)
Net earnings (loss)		(86)	(138)	(1,821)	(392)
Less net earnings (loss) attributable to noncontrolling interests		2	4	(2)	6
Net earnings (loss) attributable to the Company		(88)	(142)	(1,819)	(398)
Preferred stock dividends		(185)	(182)	(222)	(216)
Net earnings (loss) attributable to GE common shareowners		(273)	(324)	(2,041)	(614)
Amounts attributable to GE common shareowners
Earnings (loss) from continuing operations		(20)	7	(202)	(4)
Less net earnings (loss) attributable to noncontrolling interests, continuing operations		2	(3)	(2)	(1)
Earnings (loss) from continuing operations attributable to the Company		(22)	10	(201)	(3)
Preferred stock dividends		(185)	(182)	(222)	(216)
Earnings (loss) from continuing operations attributable to GE common shareowners		(207)	(172)	(422)	(219)
Earnings (loss) from discontinued operations, net of taxes		(66)	(146)	(1,618)	(388)
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations		0	7	0	7
Net earnings (loss) attributable to GE common shareowners		(273)	(324)	(2,041)	(614)
Financial Services (GE Capital) | Goods
Revenues
Sales		31	33	63	62
Costs and expenses
Cost of sales		24	27	50	50
Financial Services (GE Capital) | Services
Revenues
Sales		0	0	0	0
Costs and expenses
Cost of sales		$ 546	$ 520	$ 1,072	$ 1,082
[1]	Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis. See Note 1.

CONSOLIDATED STATEMENT OF COMPR

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Statement of Comprehensive Income [Abstract]
Net earnings (loss)	$ 669	$ 1,019	$ (444)	$ 832
Less net earnings (loss) attributable to noncontrolling interests	(132)	(38)	(98)	(142)
Net earnings (loss) attributable to the Company	800	1,057	(347)	974
Other comprehensive income (loss)
Investment securities	24	243	124	191
Currency translation adjustments	(1,669)	517	(838)	1,328
Cash flow hedges	(81)	(10)	(26)	9
Benefit plans	941	560	1,658	1,610
Other comprehensive income (loss)	(784)	1,310	918	3,138
Less other comprehensive income (loss) attributable to noncontrolling interests	(213)	1	(53)	7
Other comprehensive income (loss) attributable to the Company	(571)	1,309	971	3,131
Comprehensive income (loss)	(115)	2,329	474	3,970
Less comprehensive income (loss) attributable to noncontrolling interests	(345)	(37)	(151)	(135)
Comprehensive income (loss) attributable to the Company	$ 229	$ 2,366	$ 625	$ 4,105

STATEMENT OF FINANCIAL POSITION

STATEMENT OF FINANCIAL POSITION - USD ($) $ in Millions		Jun. 30, 2018	Dec. 31, 2017
Assets
Cash, cash equivalents and restricted cash	[1]	$ 27,674	$ 43,967
Investment securities (Note 3)		36,611	38,696
Current receivables (Note 4)		20,797	24,209
Inventories (Note 5)		20,473	19,419
Financing receivables – net (Note 6)		8,384	10,336
Other GE Capital receivables		6,505	6,301
Property, plant and equipment – net (Note 7)		50,866	53,874
Receivable from GE Capital		0	0
Investment in GE Capital		0	0
Goodwill (Note 8)		82,464	83,968
Other intangible assets – net (Note 8)		19,728	20,273
Contract and other deferred assets (Note 10)		20,787	20,356
All other assets		27,631	28,949
Deferred income taxes (Note 14)		10,891	8,819
Assets of businesses held for sale (Note 2)		4,905	4,164
Assets of discontinued operations (Note 2)		5,053	5,912
Total assets	[2]	342,769	369,245
Liabilities and equity
Short-term borrowings (Note 11)		14,419	24,036
Accounts payable, principally trade accounts		15,026	15,172
Progress collections and deferred income		20,701	22,117
Dividends payable		1,053	1,052
Other GE current liabilities		15,168	16,919
Non-recourse borrowings of consolidated securitization entities (Note 11)		1,322	1,980
Long-term borrowings (Note 11)		99,832	108,575
Investment contracts, insurance liabilities and insurance annuity benefits (Note 12)		36,233	38,136
Non-current compensation and benefits		39,693	41,630
All other liabilities		21,046	20,784
Liabilities of businesses held for sale (Note 2)		1,198	1,248
Liabilities of discontinued operations (Note 2)		1,949	706
Total Liabilities	[2]	267,639	292,355
Redeemable noncontrolling interests (Note 15)		3,376	3,391
Preferred stock (5,939,874 shares outstanding at both June 30, 2018 and December 31, 2017)		6	6
Common stock (8,691,081,000 and 8,680,571,000 shares outstanding at June 30, 2018 and December 31, 2017, respectively)		702	702
Accumulated other comprehensive income (loss) - net attributable to GE
Investment securities	[3]	21	(102)
Currency translation adjustments	[3]	(5,446)	(4,661)
Cash flow hedges	[3]	36	62
Benefit plans	[3]	(8,043)	(9,702)
Other capital		37,352	37,384
Retained earnings		114,913	117,245
Less common stock held in treasury		(84,471)	(84,902)
Total GE shareowners’ equity		55,069	56,030
Noncontrolling interests (Note 15)	[4]	16,685	17,468
Total equity (Note 15)		71,754	73,498
Total liabilities, redeemable noncontrolling interests and equity		342,769	369,245
GE
Assets
Cash, cash equivalents and restricted cash	[5],[6]	13,805	18,822
Investment securities (Note 3)	[6]	928	569
Current receivables (Note 4)	[6]	14,537	14,638
Inventories (Note 5)	[6]	20,412	19,344
Financing receivables – net (Note 6)	[6]	0	0
Other GE Capital receivables	[6]	0	0
Property, plant and equipment – net (Note 7)	[6]	22,668	23,963
Receivable from GE Capital	[6],[7]	29,309	39,844
Investment in GE Capital	[6]	11,667	13,493
Goodwill (Note 8)	[6]	81,481	82,985
Other intangible assets – net (Note 8)	[6]	19,473	20,014
Contract and other deferred assets (Note 10)	[6]	20,787	20,356
All other assets	[6]	10,947	13,627
Deferred income taxes (Note 14)	[6]	9,411	7,815
Assets of businesses held for sale (Note 2)	[6]	4,573	3,799
Assets of discontinued operations (Note 2)	[6]	0	0
Total assets	[6]	259,997	279,267
Liabilities and equity
Short-term borrowings (Note 11)	[6],[7]	8,319	14,548
Accounts payable, principally trade accounts	[6]	20,329	21,851
Progress collections and deferred income	[6]	20,988	22,221
Dividends payable	[6]	1,053	1,052
Other GE current liabilities	[6]	15,168	16,919
Non-recourse borrowings of consolidated securitization entities (Note 11)	[6]	0	0
Long-term borrowings (Note 11)	[6],[7]	62,640	67,040
Investment contracts, insurance liabilities and insurance annuity benefits (Note 12)	[6]	0	0
Non-current compensation and benefits	[6]	38,924	40,820
All other liabilities	[6]	16,363	16,873
Liabilities of businesses held for sale (Note 2)	[6]	1,198	1,248
Liabilities of discontinued operations (Note 2)	[6]	77	23
Total Liabilities	[6]	185,059	202,595
Redeemable noncontrolling interests (Note 15)	[6]	3,376	3,391
Preferred stock (5,939,874 shares outstanding at both June 30, 2018 and December 31, 2017)	[6]	6	6
Common stock (8,691,081,000 and 8,680,571,000 shares outstanding at June 30, 2018 and December 31, 2017, respectively)	[6]	702	702
Accumulated other comprehensive income (loss) - net attributable to GE
Investment securities	[6]	21	(102)
Currency translation adjustments	[6]	(5,446)	(4,661)
Cash flow hedges	[6]	36	62
Benefit plans	[6]	(8,043)	(9,702)
Other capital	[6]	37,352	37,384
Retained earnings	[6]	114,913	117,245
Less common stock held in treasury	[6]	(84,471)	(84,902)
Total GE shareowners’ equity	[6]	55,069	56,030
Noncontrolling interests (Note 15)	[6]	16,493	17,252
Total equity (Note 15)	[6]	71,562	73,282
Total liabilities, redeemable noncontrolling interests and equity	[6]	259,997	279,267
Financial Services (GE Capital)
Assets
Cash, cash equivalents and restricted cash	[5]	13,868	25,145
Investment securities (Note 3)		35,758	38,231
Current receivables (Note 4)		0	0
Inventories (Note 5)		62	75
Financing receivables – net (Note 6)		16,392	21,967
Other GE Capital receivables		16,031	16,945
Property, plant and equipment – net (Note 7)		28,964	30,595
Receivable from GE Capital	[7]	0	0
Investment in GE Capital		0	0
Goodwill (Note 8)		984	984
Other intangible assets – net (Note 8)		255	259
Contract and other deferred assets (Note 10)		0	0
All other assets		17,260	15,606
Deferred income taxes (Note 14)		1,475	999
Assets of businesses held for sale (Note 2)		0	0
Assets of discontinued operations (Note 2)		5,053	5,912
Total assets		136,102	156,716
Liabilities and equity
Short-term borrowings (Note 11)	[7]	10,866	19,602
Accounts payable, principally trade accounts		1,839	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)		1,322	1,980
Long-term borrowings (Note 11)	[7]	64,241	73,614
Investment contracts, insurance liabilities and insurance annuity benefits (Note 12)		36,762	38,587
Non-current compensation and benefits		760	801
All other liabilities		6,580	5,886
Liabilities of businesses held for sale (Note 2)		0	0
Liabilities of discontinued operations (Note 2)		1,872	683
Total Liabilities		124,243	143,007
Redeemable noncontrolling interests (Note 15)		0	0
Preferred stock (5,939,874 shares outstanding at both June 30, 2018 and December 31, 2017)		6	6
Common stock (8,691,081,000 and 8,680,571,000 shares outstanding at June 30, 2018 and December 31, 2017, respectively)		0	0
Accumulated other comprehensive income (loss) - net attributable to GE
Investment securities		29	(99)
Currency translation adjustments		(224)	(225)
Cash flow hedges		67	54
Benefit plans		(509)	(524)
Other capital		12,880	12,806
Retained earnings		(581)	1,476
Less common stock held in treasury		0	0
Total GE shareowners’ equity		11,667	13,493
Noncontrolling interests (Note 15)		192	217
Total equity (Note 15)		11,860	13,709
Total liabilities, redeemable noncontrolling interests and equity		$ 136,102	$ 156,716
[1]	Includes restricted cash of $725 million and $668 million at June 30, 2018 and December 31, 2017, respectively.
[2]	Our consolidated assets at June 30, 2018 included total assets of $4,051 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 $1,428 million within continuing operations and assets of discontinued operations of $275 million. Our consolidated liabilities at June 30, 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 $(624) million within continuing operations. See Note 18.
[3]	The sum of accumulated other comprehensive income (loss) (AOCI) attributable to the Company was $(13,432) million and $(14,404) million at June 30, 2018 and December 31, 2017, respectively.
[4]	Included AOCI attributable to noncontrolling interests of $(279) million and $(226) million at June 30, 2018 and December 31, 2017, respectively.
[5]	GE restricted cash was $394 million and $611 million at June 30, 2018 and December 31, 2017, respectively, and GE Capital restricted cash was $331 million and $57 million at June 30, 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.
[7]	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		Jun. 30, 2018	Dec. 31, 2017
Preferred stock, shares outstanding		5,939,874	5,939,874
Common stock, shares outstanding		8,691,081,000	8,680,571,000
Restricted cash		$ 725	$ 668
Total assets of certain variable interest entities		4,051
Sum of accumulated other comprehensive income (loss) (AOCI) attributable to the Company		(13,432)	(14,404)
AOCI attributable to noncontrolling interests		$ 71,754	$ 73,498
Financial Services (GE Capital)
Preferred stock, shares outstanding		5,939,874	5,939,874
Common stock, shares outstanding		8,691,081,000	8,680,571,000
Restricted cash		$ 331	$ 57
AOCI attributable to noncontrolling interests		$ 11,860	$ 13,709
GE
Preferred stock, shares outstanding		5,939,874	5,939,874
Common stock, shares outstanding		8,691,081,000	8,680,571,000
Restricted cash		$ 394	$ 611
AOCI attributable to noncontrolling interests	[1]	71,562	73,282
Attributable to noncontrolling interests
AOCI attributable to noncontrolling interests		(279)	$ (226)
Current receivables and net financing receivables
Total assets of certain variable interest entities		1,428
Assets of discontinued operations
Total assets of certain variable interest entities		275
Non-recourse borrowings of consolidated securitization entities (CSEs)
Non-recourse borrowings of consolidated securitization entities (CSEs) within continuing operations		$ (624)
[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			6 Months Ended			12 Months Ended
		Jun. 30, 2018		Jun. 30, 2017	Jun. 30, 2018		Jun. 30, 2017	Dec. 31, 2017
Cash flows – operating activities
Net earnings (loss)		$ 669		$ 1,019	$ (444)		$ 832
(Earnings) loss from discontinued operations		121		146	1,673		385
Adjustments to reconcile net earnings (loss) attributable to the Company to cash provided from operating activities
Depreciation and amortization of property, plant and equipment					2,695		2,318
Amortization of intangible assets					1,171		1,083
(Earnings) loss from continuing operations retained by GE Capital					0		0
Deferred income taxes					(405)		(571)
Decrease (increase) in contract and other deferred assets					(856)		(2,387)
Decrease (increase) in GE current receivables					2,926		2,168
Decrease (increase) in inventories					(1,588)		(642)
Increase (decrease) in accounts payable					258		(767)
Increase (decrease) in GE progress collections					(949)		420
All other operating activities					(2,240)		91
Cash from (used for) operating activities – continuing operations					2,240		2,930
Cash from (used for) operating activities – discontinued operations					(293)		(895)
Cash from (used for) operating activities					1,947		2,035
Cash flows – investing activities
Additions to property, plant and equipment					(3,320)		(3,293)
Dispositions of property, plant and equipment					1,770		2,166
Additions to internal-use software					(184)		(273)
Net decrease (increase) in GE Capital financing receivables					837		1,053
Proceeds from sale of discontinued operations					29		789
Proceeds from principal business dispositions					2,368		145
Net cash from (payments for) principal businesses purchased					0		(2,643)
All other investing activities					1,164		6,453
Cash from (used for) investing activities – continuing operations					2,665		4,397
Cash from (used for) investing activities – discontinued operations					151		(2,089)
Cash from (used for) investing activities					2,816		2,309
Cash flows – financing activities
Net increase (decrease) in borrowings (maturities of 90 days or less)					(2,043)		812
Newly issued debt (maturities longer than 90 days)					542		9,036
Repayments and other debt reductions (maturities longer than 90 days)					(16,419)		(13,905)
Net dispositions (purchases) of GE shares for treasury					(6)		(2,732)
Dividends paid to shareowners					(2,236)		(4,332)
All other financing activities					(752)		(968)
Cash from (used for) financing activities – continuing operations					(20,913)		(12,089)
Cash from (used for) financing activities – discontinued operations					0		1,909
Cash from (used for) financing activities					(20,913)		(10,181)
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash					(285)		538
Increase (decrease) in cash, cash equivalents and restricted cash					(16,436)		(5,299)
Cash, cash equivalents and restricted cash at beginning of year					44,724		50,384	$ 50,384
Cash, cash equivalents and restricted cash at June 30		28,288		45,085	28,288		45,085	44,724
Less cash, cash equivalents and restricted cash of discontinued operations at June 30		615		526	615		526
Cash, cash equivalents and restricted cash of continuing operations at June 30		27,674	[1]	44,559	27,674	[1]	44,559	43,967	[1]
GE
Cash flows – operating activities
Net earnings (loss)	[2]	482		833	(664)		610
(Earnings) loss from discontinued operations	[2]	121		152	1,673		392
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]				1,595		1,192
Amortization of intangible assets	[2]				1,141		1,049
(Earnings) loss from continuing operations retained by GE Capital	[2],[3]				422		4,242
Deferred income taxes	[2]				153		(623)
Decrease (increase) in contract and other deferred assets	[2]				(856)		(2,387)
Decrease (increase) in GE current receivables	[2]				(125)		1,009
Decrease (increase) in inventories	[2]				(1,599)		(636)
Increase (decrease) in accounts payable	[2]				266		(1,039)
Increase (decrease) in GE progress collections	[2]				(779)		473
All other operating activities	[2]				(2,001)		(696)
Cash from (used for) operating activities – continuing operations	[2]				(773)		3,586
Cash from (used for) operating activities – discontinued operations	[2]				0		0
Cash from (used for) operating activities	[2]				(773)		3,586
Cash flows – investing activities
Additions to property, plant and equipment	[2]				(1,651)		(1,958)
Dispositions of property, plant and equipment	[2]				332		572
Additions to internal-use software	[2]				(172)		(258)
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]				2,368		145
Net cash from (payments for) principal businesses purchased	[2]				0		(2,643)
All other investing activities	[2]				(886)		(527)
Cash from (used for) investing activities – continuing operations	[2]				(9)		(4,670)
Cash from (used for) investing activities – discontinued operations	[2]				0		0
Cash from (used for) investing activities	[2]				(9)		(4,670)
Cash flows – financing activities
Net increase (decrease) in borrowings (maturities of 90 days or less)	[2]				(1,165)		306
Newly issued debt (maturities longer than 90 days)	[2]				1,058		12,780
Repayments and other debt reductions (maturities longer than 90 days)	[2]				(1,085)		(1,529)
Net dispositions (purchases) of GE shares for treasury	[2]				(6)		(2,732)
Dividends paid to shareowners	[2]				(2,089)		(4,184)
All other financing activities	[2]				(742)		(271)
Cash from (used for) financing activities – continuing operations	[2]				(4,028)		4,370
Cash from (used for) financing activities – discontinued operations	[2]				0		0
Cash from (used for) financing activities	[2]				(4,028)		4,370
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash	[2]				(206)		261
Increase (decrease) in cash, cash equivalents and restricted cash	[2]				(5,017)		3,548
Cash, cash equivalents and restricted cash at beginning of year	[2]				18,822		11,083	11,083
Cash, cash equivalents and restricted cash at June 30	[2]	13,805		14,631	13,805		14,631	18,822
Less cash, cash equivalents and restricted cash of discontinued operations at June 30	[2]	0		0	0		0
Cash, cash equivalents and restricted cash of continuing operations at June 30	[2]	13,805	[4]	14,631	13,805	[4]	14,631	18,822	[4]
Financial Services (GE Capital)
Cash flows – operating activities
Net earnings (loss)		(86)		(138)	(1,821)		(392)
(Earnings) loss from discontinued operations		66		146	1,618		388
Adjustments to reconcile net earnings (loss) attributable to the Company to cash provided from operating activities
Depreciation and amortization of property, plant and equipment					1,086		1,127
Amortization of intangible assets					30		34
(Earnings) loss from continuing operations retained by GE Capital	[3]				0		0
Deferred income taxes					(558)		52
Decrease (increase) in contract and other deferred assets					0		0
Decrease (increase) in GE current receivables					0		0
Decrease (increase) in inventories					14		(9)
Increase (decrease) in accounts payable					(85)		(117)
Increase (decrease) in GE progress collections					0		0
All other operating activities					(439)		880
Cash from (used for) operating activities – continuing operations					(154)		1,964
Cash from (used for) operating activities – discontinued operations					(293)		(894)
Cash from (used for) operating activities					(447)		1,069
Cash flows – investing activities
Additions to property, plant and equipment					(1,732)		(1,704)
Dispositions of property, plant and equipment					1,439		1,829
Additions to internal-use software					(11)		(14)
Net decrease (increase) in GE Capital financing receivables					5,451		2,824
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					529		4,136
Cash from (used for) investing activities – continuing operations					5,705		7,860
Cash from (used for) investing activities – discontinued operations					151		(2,089)
Cash from (used for) investing activities					5,856		5,771
Cash flows – financing activities
Net increase (decrease) in borrowings (maturities of 90 days or less)					(1,593)		332
Newly issued debt (maturities longer than 90 days)					394		356
Repayments and other debt reductions (maturities longer than 90 days)					(15,394)		(13,705)
Net dispositions (purchases) of GE shares for treasury					0		0
Dividends paid to shareowners					(147)		(4,164)
All other financing activities					(9)		(692)
Cash from (used for) financing activities – continuing operations					(16,749)		(17,872)
Cash from (used for) financing activities – discontinued operations					0		1,909
Cash from (used for) financing activities					(16,749)		(15,964)
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash					(79)		277
Increase (decrease) in cash, cash equivalents and restricted cash					(11,419)		(8,846)
Cash, cash equivalents and restricted cash at beginning of year					25,902		39,301	39,301
Cash, cash equivalents and restricted cash at June 30		14,483		30,455	14,483		30,455	25,902
Less cash, cash equivalents and restricted cash of discontinued operations at June 30		615		526	615		526
Cash, cash equivalents and restricted cash of continuing operations at June 30		$ 13,868	[4]	$ 29,928	$ 13,868	[4]	$ 29,928	$ 25,145	[4]
[1]	Includes restricted cash of $725 million and $668 million at June 30, 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. See Note 1.
[3]	Represents GE Capital earnings (loss) from continuing operations attributable to the Company, net of GE Capital common dividends paid to GE.
[4]	GE restricted cash was $394 million and $611 million at June 30, 2018 and December 31, 2017, respectively, and GE Capital restricted cash was $331 million and $57 million at June 30, 2018 and December 31, 2017, respectively.

BASIS OF PRESENTATION AND SUMMA

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 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 customer termination without substantive penalty. 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 expected 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 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. Our policy under ASC 605 was to defer recognition until all risk had transferred to the customer, which was generally upon product installation or customer acceptance. For these equipment contracts, the customer has control of the equipment in advance of the related installation or acceptance event based on our evaluation of the indicators provided in ASC 606. 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 $13 million , $28 million and $124 million for the three months ended June 30, 2017, six months ended June 30, 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	6 Months Ended
	Jun. 30, 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 . Since this announcement, GE has classified various businesses across our Power, Lighting, Aviation and Healthcare segments as held for sale. As these businesses met the criteria for held for sale, we presented these businesses as a single asset and liability in our financial statements and recognized a valuation allowance, if necessary, to recognize the net carrying amount at the lower of cost or fair value, less cost to sell. To date, we have recorded a cumulative pre-tax loss on the planned disposals of $1,132 million ( $1,087 million after-tax), that was primarily recorded in the fourth quarter of 2017. In the first half of 2018, we closed certain of these transactions within our Power and Lighting segments for total net proceeds of $ 2,420 million, recognized a pre-tax gain of $ 238 million in the caption “Other income” in our consolidated Statement of Earnings (Loss) ($ 13 million after-tax) and liquidated $546 million of our previously recorded valuation allowance. These transactions are subject to customary working capital and other post-close adjustments. While we announced the strategic portfolio actions for Transportation, GE Healthcare and BHGE, these businesses have not met the accounting criteria for held for sale classification. That classification will depend on the nature and timing of the transaction. FINANCIAL INFORMATION FOR ASSETS AND LIABILITIES OF BUSINESSES HELD FOR SALE (In millions) June 30, 2018 December 31, 2017 Assets Current receivables(a) $ 414 $ 612 Inventories 687 931 Property, plant, and equipment – net 709 931 Goodwill 2,410 1,619 Other intangible assets – net 403 403 Contract assets 741 619 Valuation allowance on disposal group classified as held for sale (b) (530 ) (1,000 ) Other assets 71 49 Assets of businesses held for sale $ 4,905 $ 4,164 Liabilities Accounts payable $ 498 $ 602 Progress collections and deferred income 349 179 Non-current compensation and benefits 46 162 Other liabilities 304 305 Liabilities of businesses held for sale $ 1,198 $ 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 $ 332 million and $ 366 million at June 30, 2018 and December 31, 2017 , respectively. 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 June 30 Six months ended June 30 (In millions) 2018 2017 2018 2017 Operations Total revenues and other income (loss) $ 4 $ 9 $ (1,468 ) $ 88 Earnings (loss) from discontinued operations before income taxes $ (156 ) $ (216 ) $ (1,730 ) $ (412 ) Benefit (provision) for income taxes(a) 35 66 54 128 Earnings (loss) from discontinued operations, net of taxes $ (121 ) $ (150 ) $ (1,676 ) $ (284 ) Disposal Gain (loss) on disposal before income taxes $ — $ 8 $ 4 $ (19 ) Benefit (provision) for income taxes(a) — (3 ) (1 ) (81 ) Gain (loss) on disposal, net of taxes $ — $ 4 $ 3 $ (100 ) Earnings (loss) from discontinued operations, net of taxes(b)(c) $ (121 ) $ (146 ) $ (1,673 ) $ (385 ) (a) GE Capital's total tax benefit (provision) for discontinued operations and disposals included current tax benefit (provision) of $132 million and $253 million for the three months ended June 30, 2018 and 2017 , respectively, and $123 million and $(323) million for the six months ended June 30, 2018 and 2017, respectively, including current U.S. Federal tax benefit (provision) of $37 million and $68 million for the three months ended June 30, 2018 and 2017 , respectively and $61 million and $(519) million for the six months ended June 30, 2018 and 2017, respectively. The deferred tax benefit (provision) was $(97) million and $(190) million for the three months ended June 30, 2018 and 2017 , respectively and $(70) million and $370 million for the six months ended June 30, 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 $(156) million and $(215) million for the three months ended June 30, 2018 and 2017 , respectively, and $(1,726) million and $(438) million for the six months ended June 30, 2018 and 2017, respectively. (In millions) June 30, 2018 December 31, 2017 Assets Cash, cash equivalents and restricted cash $ 615 $ 757 Investment securities 425 647 Deferred income taxes 885 951 Financing receivables held for sale 2,912 3,215 Other assets 217 342 Assets of discontinued operations $ 5,053 $ 5,912 Liabilities Accounts payable 47 51 Borrowings — 1 Other liabilities 1,903 654 Liabilities of discontinued operations $ 1,949 $ 706

INVESTMENT SECURITIES

INVESTMENT SECURITIES	6 Months Ended
	Jun. 30, 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. June 30, 2018 December 31, 2017 (In millions) Amortized Gross Gross Estimated Amortized Gross Gross Estimated Debt U.S. corporate $ 22,052 $ 2,537 $ (235 ) $ 24,354 $ 20,104 $ 3,775 $ (35 ) $ 23,843 Non-U.S. corporate 2,827 63 (37 ) 2,852 5,455 86 (13 ) 5,528 State and municipal 3,653 393 (56 ) 3,990 3,775 534 (40 ) 4,269 Mortgage and asset-backed 3,260 50 (66 ) 3,244 2,820 81 (23 ) 2,878 Government and agencies 1,576 64 (27 ) 1,612 1,927 75 (2 ) 2,000 Equity (b) 559 — — 559 166 12 — 178 Total $ 33,926 $ 3,107 $ (422 ) $ 36,611 $ 34,246 $ 4,564 $ (114 ) $ 38,696 (a) Included $928 million and $569 million of investment securities held by GE at June 30, 2018 and December 31, 2017, respectively, of which $524 million and $141 million are equity securities with readily determinable fair value. (b) These securities have readily determinable fair values and subsequent to the adoption of ASU 2016-01 on January 1, 2018, changes in fair value are recorded to earnings. Net unrealized gains (losses) recorded to earnings related to these securities were $293 million and $29 million for the three months ended and $276 million and $29 million for the six months ended June 30, 2018 and 2017, respectively. Investments with a fair value of $4,268 million and $4,413 million were classified within Level 3 (significant inputs to the valuation model are unobservable) at June 30, 2018 and December 31, 2017, respectively. The remaining investments are substantially all classified within Level 2 (determined based on significant observable inputs). During the six months ended June 30, 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 $594 million of equity securities without readily determinable fair value at June 30, 2018 that are classified within "All other assets" in our Statement of Financial Position and are recorded at cost less impairment and adjusted for observable price changes for identical or similar instruments. We recorded fair value increases of $ 35 million and $43 million to those securities based on observable transactions and impairments of $10 million and $15 million for the three and six months ended June 30, 2018, respectively. 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 June 30, 2018 U.S. corporate $ 5,536 $ (170 ) $ 566 $ (65 ) Non-U.S. corporate 1,043 (33 ) 1,282 (5 ) State and municipal 317 (6 ) 282 (50 ) Mortgage and asset-backed 1,826 (47 ) 384 (19 ) Government and agencies 488 (26 ) 109 (1 ) Total $ 9,210 $ (282 ) $ 2,623 $ (140 ) 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 June 30, 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 and six months ended June 30, 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 $ 1,903 $ 1,910 After one year through five years 3,098 3,192 After five years through ten years 6,268 6,673 After ten years 18,900 21,105 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 $9 million and $14 million , and gross realized losses were $(3) million and $(2) million in the three months ended June 30, 2018 and 2017, respectively. Gross realized gains on available-for-sale debt securities were $22 million and $109 million , and gross realized losses were $(3) million and $(3) million in the six months ended June 30, 2018 and 2017, respectively. Proceeds from investment securities sales and early redemptions by issuers totaled $385 million and $701 million in the three months ended June 30, 2018 and 2017, respectively primarily from sales of U.S. Corporate, state and municipal securities and mortgage and asset backed securities and $706 million and $1,774 million in the six months ended June 30, 2018 and 2017, respectively primarily from sales of U.S. Corporate, mortgage and asset backed securities and state and municipal securities.

CURRENT RECEIVABLES

CURRENT RECEIVABLES	6 Months Ended
	Jun. 30, 2018
Receivables [Abstract]
CURRENT RECEIVABLES	NOTE 4. CURRENT RECEIVABLES Consolidated(a)(b) GE(c) (In millions) June 30, 2018 December 31, 2017 June 30, 2018 December 31, 2017 Current receivables $ 21,715 $ 25,282 $ 15,438 $ 15,693 Allowance for losses (918 ) (1,073 ) (901 ) (1,055 ) Total $ 20,797 $ 24,209 $ 14,537 $ 14,638 (a) Included GE industrial customer receivables sold to a GE Capital affiliate and recorded on GE Capital’s balance sheet of $ 7,025 million and $ 10,370 million at June 30, 2018 and December 31, 2017 , respectively. The consolidated total included a deferred purchase price receivable of $ 413 million and $ 388 million at June 30, 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 $ 2,694 million and $ 2,541 million at June 30, 2018 and December 31, 2017 , respectively. Of these balances, $ 1,641 million and $ 1,621 million was sold by GE to GE Capital prior to the sale to third parties at June 30, 2018 and December 31, 2017 , respectively. At June 30, 2018 and December 31, 2017 , our maximum exposure to loss under the limited recourse arrangements is $ 50 million and $ 90 million, respectively. (c) GE current receivables balances at June 30, 2018 and December 31, 2017 , before allowance for losses, included $ 10,518 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 six months ended June 30, 2018 , GE Industrial sold current receivables of $ 11,355 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 $ 11,245 million on previously sold current receivables owed to the purchasing entities. The purchasing entities invested $11,204 million , including $10,009 million of collections 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 $94 million and they paid $ 69 million to reduce their DPP obligation. During the six months ended June 30, 2018 , the Company recorded a loss of $ 69 million on sales of current receivables to the third party purchasers. At June 30, 2018 and December 31, 2017 , GE Capital, under the Receivables Facility, serviced $ 3,332 million and $3,222 million of transferred receivables that remain outstanding, respectively. During the six months ended June 30, 2018 , the purchasers paid GE Capital servicing fees of $16 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	6 Months Ended
	Jun. 30, 2018
Inventory Disclosure [Abstract]
INVENTORIES	NOTE 5. INVENTORIES (In millions) June 30, 2018 December 31, 2017 Raw materials and work in process $ 10,812 $ 10,131 Finished goods 9,427 8,847 Unbilled shipments 234 441 Total Inventories $ 20,473 $ 19,419

GE CAPITAL FINANCING RECEIVABLE

GE CAPITAL FINANCING RECEIVABLES AND ALLOWANCE FOR LOSSES ON FINANCING RECEIVABLES	6 Months Ended
	Jun. 30, 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) June 30, 2018 December 31, 2017 Loans, net of deferred income $ 13,371 $ 17,404 Investment in financing leases, net of deferred income 3,059 4,614 16,430 22,018 Allowance for losses (38 ) (51 ) Financing receivables – net $ 16,392 $ 21,967 W e manage our GE Capital financing receivables portfolio using delinquency and nonaccrual data as key performance indicators. At June 30, 2018 , $779 million ( 4.7% ), $387 million ( 2.4% ) and $304 million ( 1.9% ) of financing receivables were over 30 days past due, over 90 days past due and on nonaccrual, respectively. Of the $304 million of nonaccrual financing receivables at June 30, 2018 , the vast majority are secured by collateral and $194 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 June 30, 2018 and December 31, 2017 was $350 million and $286 million , respectively. The method used to measure impairment for these loans is primarily based on collateral value. At June 30, 2018 , troubled debt restructurings included in impaired loans were $133 million . The GE Capital financing receivables portfolio includes $2,248 million and $4,148 million of current receivables purchased from GE with recourse and $1,100 million and $1,141 million of financing receivables that are guaranteed by GE, of which $248 million and $239 million of these loans are on nonaccrual at June 30, 2018 and December 31, 2017, respectively. These nonaccrual loans are impaired and 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. Financing receivables that are guaranteed by GE are not included in the GE Capital nonaccrual data and financing receivables purchased from GE with recourse are not included in the GE Capital delinquency and nonaccrual data . 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 June 30, 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 June 30, 2018 is $1,986 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 for the six months ended June 30, 2018, and for the twelve months ended December 31, 2017, respectively to reduce the carrying value of the financing receivables to the lower of cost or fair value, less cost to sell. Additionally, in connection with the GE Capital strategic shift, we classified $1,434 million of Healthcare Equipment Finance financing receivables as held for sale at June 30, 2018, and write-offs of $7 million were recorded at June 30, 2018, to reduce the carrying value of the financing receivables to the lower of cost or fair value, less cost to sell.

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	6 Months Ended
	Jun. 30, 2018
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT	NOTE 7. PROPERTY, PLANT AND EQUIPMENT (In millions) June 30, 2018 December 31, 2017 Original cost $ 87,216 $ 89,607 Less accumulated depreciation and amortization (36,350 ) (35,733 ) Property, plant and equipment – net $ 50,866 $ 53,874 Consolidated depreciation and amortization on property, plant and equipment was $1,395 million and $1,125 million in the three months ended June 30, 2018 and 2017 , respectively and $2,695 million and $2,318 million in the six months ended June 30, 2018 and 2017, respectively.

ACQUISITIONS, GOODWILL AND OTHE

ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS	6 Months Ended
	Jun. 30, 2018
Business Combinations [Abstract]
ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS	NOTE 8. ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS LM WIND POWER On April 20, 2017 , we acquired LM Wind Power, the Danish maker of rotor blades for approximately $1,700 million. The purchase price allocation resulted in goodwill of $1,593 million and amortizable intangible assets of $206 million. 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 fair value, and GE Oil & Gas continues at its historical or carryover basis. We recorded noncontrolling interest of $16,235 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 $94 million . In the prior year, 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 year 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 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. 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 IDENTIFIABLE ASSETS ACQUIRED AND LIABILITIES ASSUMED (In millions) July 3, 2017 Cash and cash equivalents $ 4,133 Accounts receivable 2,342 Inventories 1,712 Property, plant, and equipment - net 4,514 Other intangible assets - net 4,005 All other assets 1,335 Accounts payable (1,245 ) Borrowings (3,370 ) Deferred taxes (a) (249 ) All other liabilities (2,487 ) Total identifiable net assets 10,690 Fair value of existing noncontrolling interest (35 ) Goodwill 14,143 Total allocated purchase price $ 24,798 (a) Includes an increase of approximately $980 million primarily related to fair value adjustments to identifiable assets and liabilities (excluding goodwill) partially offset by a tax asset of approximately $553 million associated with the recognition of foreign tax credits. The fair value of intangible assets and related useful lives in the purchase price allocation included: (In millions) Fair value Estimated useful life (in years) Trade name - Baker Hughes $ 2,100 Indefinite life Customer-related 1,240 15 Patents and technology 465 10 Trademarks - Other 45 10 Capitalized software 64 2 In-process research and development 70 Indefinite life Favorable lease contracts 21 10 Total $ 4,005 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 six months ended June 30, 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 $787 million primarily due to reductions in the fair value of property, plant and equipment of $362 million , equity method investments of $228 million and intangible assets of $123 million , as well as an increase to other liabilities of $315 million primarily related to uncertain tax positions, warranty and other sundry liabilities. The increase in goodwill was partially offset by deferred tax adjustments of $251 million . As a result of the decrease in property, plant and equipment and intangible assets during the six months ended June 30, 2018, we recorded a cumulative decrease to depreciation and amortization expense of $33 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 Integration and acquisition costs of $ 50 million and $ 85 million in the three months ended June 30, 2018 and June 30, 2017, respectively and $96 million and $151 million in the six months ended June 30, 2018 and June 30, 2017, 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 i) are directly attributable to the aforementioned transaction, ii) factually supportable, and iii) 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 June 30 Six months ended June 30 (In millions) 2018 2017 2018 2017 Revenues $ 30,104 $ 31,499 $ 58,764 $ 60,640 Earnings (loss) from continuing operations 832 1,014 1,311 982 Significant adjustments to the pro forma information above include recognition of non-recurring direct incremental integration and acquisition costs in the three and six month period ended June 30, 2017; the amortization associated with an estimate of the acquired intangible assets; and the depreciation associated with 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 $ — $ (2,083 ) $ 23,186 Renewable Energy 4,093 — (31 ) 4,062 Oil & Gas 23,943 — 673 24,616 Aviation 10,008 — (36 ) 9,972 Healthcare 17,306 — (35 ) 17,272 Transportation 902 — (8 ) 894 Lighting (a) — — — — Capital 984 — — 984 Corporate 1,463 — 15 1,478 Total $ 83,968 $ — $ (1,504 ) $ 82,464 (a) Substantial majority of Lighting segment classified as held for sale in the fourth quarter of 2017. Goodwill balances decreased by $1,504 million in 2018, primarily as a result of the reclassification of the Distributed Power business within our Power segment to Assets of businesses held for sale and currency effects of a stronger U.S. dollar, partially offset by 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 (and the magnitude and duration of those declines), if any. As a result of this assessment, we performed an interim step-one impairment test at our Power Generation and Grid Solutions reporting units within our Power segment in the second quarter of 2018. The results of the analysis indicated that fair value was in excess of carrying value by approximately 10% for our Power Generation reporting unit and 9% at our Grid Solutions reporting unit. The goodwill associated with our Power Generation and Grid Solutions reporting units was $19,041 million and $4,586 million , respectively, representing approximately 23% and 6% of our total goodwill at June 30, 2018. Also, in the second quarter of 2018, as a result of classifying a significant portion of Healthcare Equipment Finance’s financing receivables as assets held for sale, we performed an interim step-one impairment test at our Industrial Finance reporting unit within our Capital segment. The results of the analysis indicated that fair value was in excess of carrying value by approximately 12% . While the goodwill of this reporting unit is not currently impaired, there could be an impairment in the future as a consequence of the disposition of these financing receivables classified as assets held for sale. The goodwill associated with our Industrial Finance reporting unit was $ 111 million at June 30, 2018. As of June 30, 2018, we believe goodwill is recoverable for all of our reporting units. However, the Power and Oil & Gas markets continue to be challenging which could result in changes in our projected future earnings and net cash flows at these businesses as a result of sustained declines in macroeconomic or business conditions affecting our reporting units and there can be no assurances that goodwill will not be impaired in future periods. The planned sale of our Distributed Power business is not expected to materially affect the goodwill impairment test results for our Power Generation reporting unit noted above. OTHER INTANGIBLE ASSETS OTHER INTANGIBLE ASSETS - NET (In millions) June 30, 2018 December 31, 2017 Intangible assets subject to amortization $ 17,499 $ 18,056 Indefinite-lived intangible assets(a) 2,230 2,217 Total $ 19,728 $ 20,273 (a) Indefinite-lived intangible assets principally comprise trademarks/trade names and in-process research and development. INTANGIBLE ASSETS SUBJECT TO AMORTIZATION June 30, 2018 December 31, 2017 (In millions) Gross carrying amount Accumulated amortization Net Gross carrying amount Accumulated amortization Net Customer-related(a) $ 10,400 $ (3,332 ) $ 7,070 $ 10,614 $ (3,095 ) $ 7,521 Patents and technology 10,694 (4,133 ) 6,561 10,271 (3,899 ) 6,372 Capitalized software 8,137 (5,167 ) 2,970 8,064 (4,974 ) 3,089 Trademarks 1,181 (502 ) 679 1,280 (421 ) 859 Lease valuations 161 (85 ) 77 170 (80 ) 89 All other 239 (96 ) 142 218 (92 ) 125 Total $ 30,813 $ (13,315 ) $ 17,499 $ 30,618 $ (12,561 ) $ 18,056 (a) Balance includes payments made to our customers, primarily within our Aviation business. Intangible assets subject to amortization decreased by $ 557 million in the six months ended June 30, 2018 , primarily as a result of amortization, currency effects of a stronger U.S. dollar and the reclassification of the Distributed Power business to Assets of businesses held for sale, partially offset by the acquisition of a technology intangible asset of $632 million at our Aviation business and the capitalization of new software across several business platforms . GE amortization expense related to intangible assets subject to amortization was $ 540 million and $ 530 million in the three months ended June 30, 2018 and 2017 , respectively and $1,141 million and $1,049 million for the six months ended June 30, 2018 and 2017, respectively. GE Capital amortization expense related to intangible assets subject to amortization was $ 15 million and $ 14 million in the three months ended June 30, 2018 and 2017 , respectively and $ 30 million and $ 34 million for the six months ended June 30, 2018 and 2017, respectively.

REVENUES

REVENUES	6 Months Ended
	Jun. 30, 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, 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, overhauls, 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 routine 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 June 30 (In millions) 2018 2017 Equipment Revenues Services Revenues Total Revenues Equipment Revenues Services Revenues Total Revenues Power $ 3,513 $ 4,066 $ 7,579 $ 4,629 $ 4,771 $ 9,400 Renewable Energy 1,102 551 1,653 1,922 390 2,312 Oil & Gas 2,189 3,366 5,554 1,273 1,724 2,997 Aviation 2,908 4,610 7,519 2,350 4,284 6,634 Healthcare 2,812 2,166 4,978 2,634 2,054 4,688 Transportation 305 637 942 510 567 1,077 Lighting 416 15 431 457 16 473 Total Industrial Segment Revenues $ 13,245 $ 15,411 $ 28,657 $ 13,776 $ 13,806 $ 27,582 EQUIPMENT & SERVICES REVENUES(a) Six months ended June 30 (In millions) 2018 2017 Equipment Revenues Services Revenues Total Revenues Equipment Revenues Services Revenues Total Revenues Power $ 7,037 $ 7,764 $ 14,801 $ 8,813 $ 8,527 $ 17,341 Renewable Energy 2,306 993 3,299 3,428 651 4,079 Oil & Gas 4,417 6,522 10,939 2,564 3,519 6,083 Aviation 5,447 9,183 14,631 4,949 8,358 13,307 Healthcare 5,419 4,261 9,680 4,958 4,035 8,993 Transportation 571 1,243 1,814 1,009 1,048 2,057 Lighting 860 27 887 908 29 935 Total Industrial Segment Revenues $ 26,058 $ 29,994 $ 56,052 $ 26,628 $ 26,167 $ 52,795 (a) Revenues classification consistent with our MD&A defined Services revenue SUB-SEGMENT REVENUES Three months ended June 30 Six months ended June 30 (In millions) 2018 2017 2018 2017 Power Gas Power Systems $ 1,401 $ 2,106 $ 2,936 $ 4,210 Power Services 3,178 3,591 6,010 6,200 Steam Power Systems 529 552 988 927 Energy Connections 2,304 2,487 4,519 4,686 Other 167 664 348 1,318 Power Revenues $ 7,579 $ 9,400 $ 14,801 $ 17,341 Renewable Energy Onshore Wind $ 1,336 $ 2,062 $ 2,596 $ 3,607 Hydro 176 196 409 383 Offshore Wind 141 54 294 89 Renewable Energy Revenues $ 1,653 $ 2,312 $ 3,299 $ 4,079 Oil & Gas Turbomachinery & Process Solutions (TPS) $ 1,391 $ 1,572 $ 2,839 $ 3,235 Oilfield Services (OFS) 2,884 228 5,561 440 Oilfield Equipment (OFE) 617 681 1,281 1,397 Digital Solutions 662 517 1,258 1,010 Oil & Gas Revenues $ 5,554 $ 2,997 $ 10,939 $ 6,083 Aviation Commercial Engines & Services $ 5,534 $ 4,918 $ 10,806 $ 9,889 Military 1,073 938 2,044 1,867 Systems & Other 911 778 1,780 1,551 Aviation Revenues $ 7,519 $ 6,634 $ 14,631 $ 13,307 Healthcare Healthcare Systems $ 3,493 $ 3,273 $ 6,824 $ 6,306 Life Sciences 1,244 1,161 2,369 2,174 Healthcare Digital 241 253 487 514 Healthcare Revenues $ 4,978 $ 4,688 $ 9,680 $ 8,993 Transportation Locomotives $ 177 $ 422 $ 348 $ 877 Services 530 486 1,036 891 Mining 137 89 253 136 Other 98 80 178 153 Transportation Revenues $ 942 $ 1,077 $ 1,814 $ 2,057 Lighting Current $ 268 $ 254 $ 484 $ 487 GE Lighting 163 219 403 449 Lighting Revenues $ 431 $ 473 $ 887 $ 935 Total Industrial Segment Revenues $ 28,657 $ 27,582 $ 56,052 $ 52,795 Capital Revenues (a) 2,429 2,446 4,602 5,127 Corporate items and eliminations (982 ) (932 ) (1,890 ) (1,945 ) Consolidated Revenues (a) $ 30,104 $ 29,097 $ 58,764 $ 55,978 (a) Includes $2,361 million and $4,478 million for the three months ended June 30, 2018 and 2017, respectively, and $2,389 million and $5,004 million for the six months ended June 30, 2018 and 2017, respectively, of revenues at GE Capital outside of the scope of ASC 606. REMAINING PERFORMANCE OBLIGATION As of June 30, 2018, the aggregate amount of the contracted revenues allocated to our unsatisfied (or partially unsatisfied) performance obligations was $249,574 million . We expect to recognize revenue as we satisfy our remaining performance obligations as follows: • Equipment - total remaining performance obligation of $50,982 million of which 53% , 71% and 93% is expected to be satisfied within 1 , 2 and 5 years , respectively, and the remaining thereafter. • Service - total remaining performance obligation of $198,592 million of which 17% , 54% , 77% and 88% 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	6 Months Ended
	Jun. 30, 2018
Contractors [Abstract]
CONTRACT & OTHER DEFERRED ASSETS AND PROGRESS COLLECTIONS & DEFERRED INCOME	NOTE 10. CONTRACT & OTHER DEFERRED ASSETS AND PROGRESS COLLECTIONS & DEFERRED INCOME June 30, 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) $ 3,821 $ 2,527 $ 505 $ — $ 491 $ — $ 7,344 Equipment contract revenues(c) 4,247 416 1,059 297 207 506 6,733 Total contract assets 8,067 2,943 1,564 297 698 506 14,076 Deferred inventory costs(d) 996 554 244 1,288 36 335 3,453 Nonrecurring engineering costs(e) 142 1,834 14 23 95 21 2,128 Customer advances and other 1 1,127 — — 1 — 1,129 Contract and other deferred assets $ 9,207 $ 6,457 $ 1,823 $ 1,608 $ 830 $ 862 $ 20,787 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 $5,043 million and $5,498 million at June 30, 2018 and December 31, 2017, respectively. (c) Included in this balance are amounts due from customers for the sale of service 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 $799 million and $748 million , as of June 30, 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 $431 million in 2018, which was largely driven by a change in estimated profitability of $133 million within our long-term product service agreements, primarily due to an increase at Power ( $223 million ) partially offset by a decrease at Aviation ( $140 million ). In addition, revenue in excess of billings on our long-term product service agreements increased $309 million , primarily at Power ( $241 million ), and non-recurring engineering costs increased $223 million , primarily at Aviation ( $138 million ). Our equipment related contract assets decreased $141 million , primarily due to a decrease at Power ($ 510 million), partially offset by increases at Healthcare ( $138 million ), Aviation ( $136 million ) and Transportation ( $132 million ), and deferred inventory costs decreased $126 million due to decreases at Power ( $308 million ) and Oil & Gas ( $114 million ), partially offset by an increase at Renewable Energy ( $338 million ), due to the timing of revenue recognized for work performed relative to the timing of billings. PROGRESS COLLECTIONS & DEFERRED INCOME (In millions) June 30, 2018 December 31, 2017 GE Contract Liabilities Progress collections $ 17,190 $ 18,310 Deferred income 3,798 3,911 Total progress collections & deferred income $ 20,988 $ 22,221 Revenues recognized for balances that were included in our contract liabilities at the beginning of the period were $9,609 million and $9,182 million for the six months ended June 30, 2018 and 2017, respectively .

BORROWINGS

BORROWINGS	6 Months Ended
	Jun. 30, 2018
Debt Disclosure [Abstract]
BORROWINGS	NOTE 11. BORROWINGS (In millions) June 30, 2018 December 31, 2017 Short-term borrowings GE Commercial paper $ 3,010 $ 3,000 Current portion of long-term borrowings 3,125 9,452 Other 2,183 2,095 Total GE short-term borrowings 8,319 14,548 GE Capital Commercial paper 3,018 5,013 Current portion of long-term borrowings(a) 4,408 5,781 Intercompany payable to GE 2,749 8,310 Other 691 497 Total GE Capital short-term borrowings 10,866 19,602 Eliminations (4,766 ) (10,114 ) Total short-term borrowings $ 14,419 $ 24,036 Long-term borrowings GE Senior notes(b) $ 58,460 $ 62,724 Subordinated notes 2,897 2,913 Other 1,283 1,403 Total GE long-term borrowings 62,640 67,040 GE Capital Senior notes 36,519 40,754 Subordinated notes 175 208 Intercompany payable to GE(c) 26,560 31,533 Other(a) 988 1,118 Total GE Capital long-term borrowings 64,241 73,614 Eliminations(c) (27,050 ) (32,079 ) Total long-term borrowings $ 99,832 $ 108,575 Non-recourse borrowings of consolidated securitization entities(d) $ 1,322 $ 1,980 Total borrowings $ 115,573 $ 134,591 (a) Included $260 million and $988 million of short- and long-term borrowings, respectively, at June 30, 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, $320 million and $458 million is non-recourse to GE Capital at June 30, 2018 and December 31, 2017 , respectively. (b) Included $6,191 million and $6,206 million of BHGE senior notes at June 30, 2018 and December 31, 2017 , respectively. Total BHGE borrowings were $6,446 million and $7,225 million at June 30, 2018 and December 31, 2017 , respectively. (c) Included a reduction of $8,190 million and $7,271 million for long-term intercompany loans from GE Capital to GE at June 30, 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 $34,750 million and $38,804 million at June 30, 2018 and December 31, 2017 , respectively. The $8,190 million of intercompany loans collectively have a weighted average interest rate of 3.6% and term of approximately 15 years, and can be prepaid at any time, in whole or in part, by GE without premium or penalty. (d) Included $361 million and $621 million of current portion of long-term borrowings at June 30, 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 June 30, 2018 , the Guarantee applies to $39,044 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	6 Months Ended
	Jun. 30, 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) June 30, 2018 December 31, 2017 Future policy benefit reserves Long-term care insurance contracts $ 16,380 $ 16,522 Structured settlement annuities with life contingencies and other contracts 9,544 9,448 Shadow adjustments(a) 2,704 4,582 28,628 30,552 Investment contracts 2,482 2,569 Claim reserves(b) 5,233 5,094 Unearned premiums and other 419 372 36,762 38,587 Eliminations (529 ) (451 ) Total $ 36,233 $ 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 $3,754 million and $3,590 million related to long-term care insurance contracts and $359 million and $364 million related to short-duration contracts, net of eliminations, at June 30, 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 $1,004 million and $975 million for the six months ended June 30, 2018 and 2017, of which $1 million and $32 million related to the recognition of adjustments to prior year claim reserves arising from our periodic reserve evaluation, in the six months ended June 30, 2018 and 2017, respectively. Paid claims were $904 million and $864 million in the six months ended June 30, 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 $2,448 million and included $751 million related to ceded claim reserves at June 30, 2018. Reinsurance recoverables amounted to $2,458 million and included $715 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 $56 million and $109 million for the three months ended June 30, 2018 and 2017, respectively, and $117 million and $235 million for the six months ended June 30, 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	6 Months Ended
	Jun. 30, 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 June 30 Six months ended June 30 (In millions) 2018 2017 2018 2017 Service cost for benefits earned $ 203 $ 254 $ 435 $ 543 Prior service cost amortization 36 72 72 145 Expected return on plan assets (820 ) (849 ) (1,640 ) (1,698 ) Interest cost on benefit obligations 667 712 1,333 1,429 Net actuarial loss amortization 943 697 1,894 1,407 Curtailment loss — — — 43 (a) Pension plans cost $ 1,029 $ 886 $ 2,094 $ 1,869 (a) Curtailment loss resulting from our intent to sell the Industrial Solutions business within our Power segment. Other pension plans Three months ended June 30 Six months ended June 30 (In millions) 2018 2017 2018 2017 Service cost for benefits earned $ 99 $ 123 $ 194 $ 274 Prior service credit amortization (2 ) (1 ) (2 ) (2 ) Expected return on plan assets (359 ) (301 ) (717 ) (595 ) Interest cost on benefit obligations 156 145 312 287 Net actuarial loss amortization 83 107 165 210 Settlement gain (6 ) (a) — (6 ) (a) — Pension plans cost (income) $ (29 ) $ 73 $ (54 ) $ 174 (a) Settlement gain resulting from the sale of the Industrial Solutions business within our Power segment. EFFECT ON OPERATIONS OF PRINCIPAL RETIREE BENEFIT PLANS Principal retiree benefit plans Three months ended June 30 Six months ended June 30 (In millions) 2018 2017 2018 2017 Service cost for benefits earned $ 16 $ 26 $ 29 $ 52 Prior service credit amortization (58 ) (43 ) (114 ) (86 ) Expected return on plan assets (7 ) (9 ) (14 ) (18 ) Interest cost on benefit obligations 49 56 98 113 Net actuarial gain amortization (20 ) (20 ) (40 ) (41 ) Curtailment loss — — — 3 (a) Retiree benefit plans cost (income) $ (20 ) $ 10 $ (41 ) $ 23 (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	6 Months Ended
	Jun. 30, 2018
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 14. INCOME TAXES Our consolidated effective income tax rates were 29.5% and (13.2)% during the six months ended June 30, 2018 and 2017, respectively. The rate for 2018 was higher than the U.S. statutory rate primarily due to a change in deferred taxes resulting from the decision to execute an internal restructuring to separate the Healthcare business and the cost of the newly enacted base erosion and global intangible income provisions in excess of the benefit from other global activities and dispositions taxed at a rate above the statutory rate. This was partially offset by an adjustment to decrease the 2018 six-month tax rate to be in line with the lower expected full-year rate and U.S. business credits. 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 six-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 of the enactment of U.S. tax reform during the second 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. Based on our preliminary analysis through the second quarter of the enacted law, including advice from outside advisors, we believe the provisional estimate of the impact of enactment, as recorded in the fourth quarter of 2017 and adjusted during 2018 remains a reasonable estimate of the effects of enactment. We will finalize the impact of enactment during the second half of 2018 based on additional government guidance expected to be issued and additional analysis of our information including the filing of our 2017 tax return. However, there were discrete changes in the provisional estimate identified primarily at Baker Hughes in connection with the measurement period adjustments to purchase price allocation and the associated impact of the change in tax rate on deferred taxes that reduced the provisional amounts recorded by $79 million in the first six months of 2018. 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 net remaining cost of $55 million also relates primarily 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) June 30, 2018 December 31, 2017 Unrecognized tax benefits $ 5,130 $ 5,449 Portion that, if recognized, would reduce tax expense and effective tax rate(a) 3,745 3,626 Accrued interest on unrecognized tax benefits 860 810 Accrued penalties on unrecognized tax benefits 188 158 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) 0-1,200 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	6 Months Ended
	Jun. 30, 2018
Equity [Abstract]
SHAREOWNERS’ EQUITY	NOTE 15. SHAREOWNERS’ EQUITY Three months ended June 30 Six months ended June 30 (In millions) 2018 2017 2018 2017 Preferred stock issued $ 6 $ 6 $ 6 $ 6 Common stock issued $ 702 $ 702 $ 702 $ 702 Accumulated other comprehensive income (loss) Beginning balance $ (12,862 ) $ (16,766 ) $ (14,404 ) $ (18,588 ) Other comprehensive income (loss) before reclassifications Investment securities - net of deferred taxes of $(17), $146, $48 and $159(a) 31 291 141 309 Currency translation adjustments (CTA) - net of deferred taxes of $190, $(207), $41 and $(241) (2,049 ) 482 (1,217 ) 740 Cash flow hedges - net of deferred taxes of $(39), $(8), $(7) and $(2) (131 ) 44 (27 ) 64 Benefit plans - net of deferred taxes of $56, $32, $55 and $133 182 25 126 499 Total $ (1,967 ) $ 843 $ (977 ) $ 1,612 Reclassifications from other comprehensive income Investment securities - net of deferred taxes of $0, $(25), $(2) and $(61)(b) (7 ) (48 ) (16 ) (118 ) Currency translation on dispositions - net of deferred taxes of $0, $(1), $0 and $(541)(b) 380 34 378 588 Cash flow hedges - net of deferred taxes of $22, $(10), $7 and $(9)(c) 50 (54 ) — (55 ) Benefit plans - net of deferred taxes of $218, $270 $436 and $558(d) 758 536 1,533 1,110 Total $ 1,182 $ 467 $ 1,895 $ 1,525 Other comprehensive income (loss) (784 ) 1,310 918 3,138 Less other comprehensive income (loss) attributable to noncontrolling interests (213 ) 1 (53 ) 7 Other comprehensive income (loss), net, attributable to GE (571 ) 1,309 971 3,131 Ending Balance $ (13,432 ) $ (15,457 ) $ (13,432 ) $ (15,457 ) Other capital Beginning balance 37,339 37,448 37,384 37,224 Gains (losses) on treasury stock dispositions and other 13 20 (32 ) 244 Ending Balance $ 37,352 $ 37,468 $ 37,352 $ 37,468 Retained earnings Beginning balance(e) 115,477 131,544 117,245 133,856 Net earnings (loss) attributable to the Company 800 1,057 (347 ) 974 Dividends and other transactions with shareowners (1,231 ) (2,265 ) (2,309 ) (4,393 ) Redemption value adjustment on redeemable noncontrolling interests(f) (133 ) (66 ) (176 ) (167 ) Other changes(g) — — 500 — Ending Balance $ 114,913 $ 130,270 $ 114,913 $ 130,270 Common stock held in treasury Beginning balance (84,697 ) (84,833 ) (84,902 ) (83,038 ) Purchases (58 ) (1,261 ) (143 ) (3,620 ) Dispositions 284 477 574 1,041 Ending Balance $ (84,471 ) $ (85,617 ) $ (84,471 ) $ (85,617 ) Total equity GE shareowners' equity balance 55,069 67,372 55,069 67,372 Noncontrolling interests balance 16,685 1,634 16,685 1,634 Total equity balance at June 30 $ 71,754 $ 69,006 $ 71,754 $ 69,006 (a) Included adjustments of $534 million and $(90) million for the three months ended June 30, 2018 and 2017 and $1,472 million and $(189) million for the six months ended June 30, 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 our consolidated Statement of Earnings (Loss). Currency translation gains and losses on dispositions included zero and $(2) million for the three months ended June 30, 2018 and 2017, and zero and $510 million for the six months ended June 30, 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 and 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 and losses, amortization of prior service cost and curtailment gain and loss. These components are included in the computation of net periodic pension cost. See Note 13 for further information. (e) January 1, 2018 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 June 30, 2018 was $5,495 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 totaled $185 million , including cash dividends of $147 million , and $182 million , including cash dividends of $147 million , in the three months ended June 30, 2018 and 2017, respectively and $222 million , including cash dividends of $147 million , and $216 million , including cash dividends of $147 million , in the six months ending June 30, 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 mirrored the GE preferred stock held by external investors ( $5,495 million carrying value at June 30, 2018). On July 1, 2018, GE Capital and GE exchanged the existing Series D preferred stock issued to GE for new Series D preferred stock which is mandatorily convertible into GE Capital common stock on January 21, 2021. The cash dividend on the new GE Capital preferred stock will equal the cash dividend and accretion on the GE Series D preferred stock through January 21, 2021, at which time the GE Capital preferred stock will convert to GE Capital common stock. The exchange of GE Capital Series D preferred stock has no impact on the GE Series D preferred stock, which remains callable for $5,694 million on January 21, 2021 or thereafter on dividend payment dates. Additionally, there were no changes to the existing Series A, B or C preferred stock issued to GE. 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 June 30 Six months ended June 30 (In millions) 2018 2017 2018 2017 Beginning balance $ 17,228 $ 1,639 $ 17,468 $ 1,663 Net earnings (loss) (15 ) 14 52 20 Dividends (81 ) (22 ) (164 ) (31 ) Other(a) (446 ) 2 (669 ) (18 ) Ending balance at June 30 $ 16,685 $ 1,634 $ 16,685 $ 1,634 (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. 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. 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. Pursuant to an agreement signed between Alstom and GE in May 2018, if Alstom exercises its redemption rights in September 2018 with respect to the grid technology and renewable energy joint ventures, GE will be deemed to have exercised its option to acquire Alstom’s interest in the nuclear and French steam power joint venture. The price that GE would be required to pay, would be €1,832 million for the grid technology joint venture, €638 million for the renewable energy joint venture, and €125 million for the nuclear and French steam power joint venture. The transfer of all interests would occur in October 2018. CHANGES TO REDEEMABLE NONCONTROLLING INTERESTS Three months ended June 30 Six months ended June 30 (In millions) 2018 2017 2018 2017 Beginning balance $ 3,549 $ 3,046 $ 3,391 $ 3,017 Net earnings (loss) (116 ) (53 ) (149 ) (162 ) Dividends (6 ) — (19 ) (11 ) Redemption value adjustment 133 67 198 167 Other (184 ) 125 (45 ) 175 Balance at June 30(a) $ 3,376 $ 3,185 $ 3,376 $ 3,185 (a) Included $3,019 million and $2,894 million related to the Alstom joint ventures at June 30, 2018 and 2017, respectively. OTHER Common dividends from GE Capital to GE were zero and $2,105 million, including cash dividends of $2,016 million in the three months ended June 30, 2018 and 2017, respectively, and zero and $4,105 million , including cash dividends of $4,016 million for the six months ended June 30, 2018 and 2017, respectively.

EARNINGS PER SHARE INFORMATION

EARNINGS PER SHARE INFORMATION	6 Months Ended
	Jun. 30, 2018
Earnings Per Share [Abstract]
EARNINGS PER SHARE INFORMATION	NOTE 16. EARNINGS PER SHARE INFORMATION Three months ended June 30 2018 2017 (In millions; per-share amounts in dollars) Diluted Basic Diluted Basic Amounts attributable to the Company: Consolidated Earnings from continuing operations $ 919 $ 920 $ 1,204 $ 1,204 Preferred stock dividends (185 ) (185 ) (182 ) (182 ) Earnings from continuing operations attributable to $ 734 $ 735 $ 1,022 $ 1,022 Loss from discontinued operations (125 ) (125 ) (157 ) (157 ) Net earnings attributable to GE common $ 614 $ 615 $ 869 $ 869 Average equivalent shares Shares of GE common stock outstanding 8,688 8,688 8,671 8,671 Employee compensation-related shares (including stock options) 11 — 89 — Total average equivalent shares 8,699 8,688 8,760 8,671 Per-share amounts Earnings from continuing operations $ 0.08 $ 0.08 $ 0.12 $ 0.12 Loss from discontinued operations (0.01 ) (0.01 ) (0.02 ) (0.02 ) Net earnings 0.07 0.07 0.10 0.10 Six months ended June 30 2018 2017 (In millions; per-share amounts in dollars) Diluted Basic Diluted Basic Amounts attributable to the Company: Consolidated Earnings from continuing operations $ 1,321 $ 1,322 $ 1,355 $ 1,354 Preferred stock dividends (222 ) (222 ) (216 ) (216 ) Earnings from continuing operations attributable to $ 1,099 $ 1,100 $ 1,139 $ 1,138 Loss from discontinued operations (1,680 ) (1,679 ) (399 ) (400 ) Net earnings attributable to GE common $ (574 ) $ (573 ) $ 747 $ 747 Average equivalent shares Shares of GE common stock outstanding 8,686 8,686 8,695 8,695 Employee compensation-related shares (including stock options) 9 — 94 — Total average equivalent shares 8,694 8,686 8,789 8,695 Per-share amounts Earnings from continuing operations $ 0.13 $ 0.13 $ 0.13 $ 0.13 Loss from discontinued operations (0.19 ) (0.19 ) (0.05 ) (0.05 ) Net earnings (0.07 ) (0.07 ) 0.09 0.09 (a) Our unvested restricted stock unit awards that contain non-forfeitable rights to dividends or dividend equivalents are considered participating securities. For the three and six months ended June 30, 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 June 30, 2018 and 2017 , approximately 411 million and 33 million of outstanding stock awards were not included in the computation of diluted earnings per share because their effect was antidilutive. For the six months ended June 30, 2018 and 2017, approximately 407 million and 26 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	6 Months Ended
	Jun. 30, 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. June 30, 2018 December 31, 2017 (In millions) Carrying Estimated Carrying Estimated GE Assets Notes receivable $ 680 $ 680 $ 700 $ 700 Liabilities Borrowings(a)(b) 33,460 32,905 34,473 35,416 Borrowings (debt assumed)(a)(c) 37,499 41,339 47,114 53,502 GE Capital Assets Loans 13,345 13,319 17,363 17,331 Other commercial mortgages 1,615 1,662 1,489 1,566 Loans held for sale 3,217 3,219 3,274 3,274 Liabilities Borrowings(a)(d)(e)(f) 47,121 49,538 55,353 60,415 Investment contracts 2,482 2,769 2,569 2,996 (a) See Note 11. (b) Included $ 130 million and $ 217 million of accrued interest in estimated fair value at June 30, 2018 and December 31, 2017 , respectively. (c) Included $ 650 million and $ 696 million of accrued interest in estimated fair value at June 30, 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 June 30, 2018 and December 31, 2017 would have been reduced by $ 1,255 million and $ 1,754 million, respectively. (e) Included $ 485 million and $ 731 million of accrued interest in estimated fair value at June 30, 2018 and December 31, 2017 , respectively. (f) Excluded $ 29,309 million and $ 39,844 million of net intercompany payable to GE at June 30, 2018 and December 31, 2017 , respectively. NOTIONAL AMOUNTS OF LOAN COMMITMENTS (In millions) June 30, 2018 December 31, 2017 Ordinary course of business lending commitments(a) $ 1,052 $ 1,105 Unused revolving credit lines 149 198 (a) Excluded investment commitments of $ 731 million and $ 677 million at June 30, 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 $147 billion at June 30, 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 June 30, 2018 December 31, 2017 (In millions) Assets Liabilities Assets Liabilities Derivatives accounted for as hedges Interest rate contracts $ 1,452 $ 267 $ 1,862 $ 148 Currency exchange contracts 181 93 160 70 1,632 360 2,021 218 Derivatives not accounted for as hedges Interest rate contracts 37 2 93 8 Currency exchange contracts 1,514 2,864 1,111 2,043 Other contracts 74 108 139 91 1,625 2,975 1,343 2,143 Gross derivatives recognized in statement of financial position Gross derivatives 3,257 3,334 3,364 2,361 Gross accrued interest 273 (12 ) 469 (38 ) 3,530 3,322 3,833 2,323 Amounts offset in statement of financial position Netting adjustments(a) (2,044 ) (2,043 ) (1,457 ) (1,456 ) Cash collateral(b) (955 ) (763 ) (1,529 ) (578 ) (2,999 ) (2,807 ) (2,986 ) (2,034 ) Net derivatives recognized in statement of financial position Net derivatives 530 515 847 289 Amounts not offset in statement of financial position Securities held as collateral(c) (102 ) — (405 ) — Net amount $ 429 $ 515 $ 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 June 30, 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 $218 million and $425 million at June 30, 2018 , respectively, and $10 million and $255 million at December 31, 2017 , respectively. Excess cash collateral posted includes initial margin for cleared trades. (c) Excluded excess securities collateral received of $7 million and $16 million at June 30, 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 June 30 Six months ended June 30 (In millions) Effect on hedging instrument Effect on underlying Effect on earnings (a) Effect on hedging instrument Effect on underlying Effect on earnings 2018 Cash flow hedges $ (161 ) $ 162 $ — $ (19 ) $ 20 $ 1 Fair value hedges (225 ) 195 (30 ) (922 ) 866 (56 ) Net investment hedges(b) 816 (810 ) 6 213 (205 ) 8 Economic hedges(c) (1,248 ) 1,244 (3 ) (783 ) 670 (113 ) Total $ (27 ) $ (160 ) 2017 Cash flow hedges $ 34 $ (34 ) $ — $ 56 $ (56 ) $ — Fair value hedges (57 ) 2 (56 ) (282 ) 164 (118 ) Net investment hedges(b) (487 ) 490 3 (1,050 ) 1,063 13 Economic hedges(c) 979 (1,180 ) (200 ) 641 (956 ) (315 ) Total $ (253 ) $ (420 ) 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 $(20,750) million and $(24,232) million at June 30, 2018 and 2017, respectively. Total pre-tax reclassifications from CTA to gain (loss) was zero and $59 million at June 30, 2018 and 2017, respectively. Total pre-tax reclassifications from CTA to gain (loss) included zero and $59 million recorded in discontinued operations at June 30, 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 June 30 for the three months ended June 30 (In millions) 2018 2017 2016 2018 2017 2016 Interest rate contracts $ (3 ) $ 3 $ 12 $ (4 ) $ (6 ) $ (26 ) Currency exchange contracts (158 ) 32 1 (68 ) 71 40 Commodity contracts — (2 ) (1 ) — — (1 ) Total(a) $ (162 ) $ 34 $ 12 $ (72 ) $ 65 $ 14 CASH FLOW HEDGE ACTIVITY Gain (loss) recognized in AOCI Gain (loss) reclassified for the six months ended June 30 for the six months ended June 30 (In millions) 2018 2017 2016 2018 2017 2016 Interest rate contracts $ (7 ) $ 2 $ 31 $ (6 ) $ (15 ) $ (55 ) Currency exchange contracts (13 ) 54 (77) (1 ) 79 (13 ) Commodity contracts — — — — — (3 ) Total(a) $ (20 ) $ 56 $ (45 ) $ (7 ) $ 64 $ (71 ) (a) Gain (loss) is recorded in "GE Capital revenues from services", "Interest and other financial charges", "Sales of goods", "Cost of goods sold" 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 $80 million gain at June 30, 2018 . We expect to transfer $61 million loss to earnings as an expense in the next 12 months contemporaneously with the earnings effects of the related forecasted transactions. In the six mo nths ended June 30, 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 June 30, 2018, 2017 and 2016, the maximum term of derivative instruments that hedge forecasted transactions was 14 years , 15 years and 16 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 $1,057 million at June 30, 2018 , of which $955 million was cash and $102 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 $763 million at June 30, 2018 . At June 30, 2018 , our exposures to counterparties (including accrued interest), net of collateral we hold, was $358 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 $463 million at June 30, 2018 . This excludes exposure related to embedded derivatives.

VARIABLE INTEREST ENTITIES

VARIABLE INTEREST ENTITIES	6 Months Ended
	Jun. 30, 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 June 30, 2018 and December 31, 2017 of $15,200 million , $9,927 million and $3,019 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 June 30, 2018 Assets Financing receivables, net $ — $ — $ 1,003 $ 1,003 Current receivables 76 418 — 494 Other assets 524 1,012 1,271 2,807 Total $ 600 $ 1,429 $ 2,274 $ 4,304 Liabilities Borrowings $ 44 $ — $ 1,154 $ 1,198 Non-recourse borrowings — 610 14 624 Other liabilities 257 663 584 1,504 Total $ 301 $ 1,274 $ 1,751 $ 3,326 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 $164 million and $256 million for the three months ended June 30, 2018 and 2017 and $338 million and $508 million for the six months ended June 30, 2018 and 2017, respectively. Related expenses consisted primarily of cost of goods and services of $60 million and $83 million for the three months ended June 30, 2018 and 2017 and $133 million and $178 million for the six months ended June 30, 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 June 30, 2018 and December 31, 2017, the amounts of commingled cash owed to the third-party investors were $ 23 million and $ 61 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 June 30, 2018 and December 31, 2017 were $4,987 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	6 Months Ended
	Jun. 30, 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 $ 35,930 million and secondary orders with airlines for used aircraft of approximately $ 3,171 million at June 30, 2018 . In our Aviation segment, we have committed to provide financing assistance of $ 2,834 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 June 30, 2018 , we were committed under the following guarantee arrangements beyond those provided on behalf of VIEs. See Note 18. Credit Support. We have provided $ 1,731 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 $ 77 million at June 30, 2018 . Indemnification Agreements – Continuing Operations. We have agreements that require us to fund up to $ 230 million at June 30, 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 $ 6 million at June 30, 2018 . At June 30, 2018 , we also had $ 2,006 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 $ 259 million at June 30, 2018 . Indemnification Agreements – Discontinued Operations. At June 30, 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 $ 2,599 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 $ 333 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 June 30, 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. Six months ended June 30 (In millions) 2018 2017 Balance at January 1 $ 2,348 $ 1,929 Current-year provisions 371 354 Expenditures (452 ) (412 ) Other changes(a) 142 108 Balance as of June 30 $ 2,410 $ 1,979 ( 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 June 30, 2018, such claims consisted of $307 million of individual claims generally submitted before the filing of a lawsuit (compared to $462 million at December 31, 2017) and $875 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, $1,182 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 $294 million at June 30, 2018, reflecting a net decrease to reserves in the six months ended June 30, 2018 of $122 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. This charge was recorded in the first quarter based upon our estimate of the loss contingency at that time, including the status of our settlement discussions with the DOJ in the first quarter and an assessment of prior settlements reached in similar matters. There were no changes to this estimate in the second quarter of 2018. ROLLFORWARD OF THE RESERVE RELATED TO REPURCHASE CLAIMS Three months ended June 30 Six months ended June 30 (In millions) 2018 2017 2018 2017 Balance, beginning of period $ 342 $ 626 $ 416 $ 626 Provision 5 10 5 10 Claim resolutions / rescissions (53 ) — (127 ) — Balance, end of period $ 294 $ 636 $ 294 $ 636 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 June 30, 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. In the event of a WMC bankruptcy, GE Capital would be required to reassess its WMC consolidation analysis depending upon the specific facts and circumstances at that time, which might result in GE Capital no longer consolidating WMC’s assets and liabilities in its financial statements. In that circumstance, GE and GE Capital at that time would have to assess their direct exposure, if any, for purposes of determining their respective WMC-related loss contingencies. 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. 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 and could result in WMC filing for bankruptcy. 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. At June 30, 2018, this reserve balance was $921 million . The increase is primarily driven by foreign currency movements. 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	6 Months Ended
	Jun. 30, 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 transferred and include certain deal-related costs. Amounts reported in the “Net cash from (payments for) principal businesses purchased” line are net of cash acquired and include 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 Six months ended June 30 (In millions) 2018 2017 All other operating activities (Gains) losses on purchases and sales of business interests(a) $ (280 ) $ (42 ) Income taxes(b) (388 ) (482 ) Principal pension plans(c) 1,052 1,542 Other postretirement benefit plans(d) (669 ) (279 ) Restructuring and other charges(e) 403 584 Other(f) (2,119 ) (2,018 ) $ (2,001 ) $ (696 ) All other investing activities Derivative settlements (net)(g) $ (489 ) $ — Investments in intangible assets (net) (533 ) (363 ) Other 136 (164 ) $ (886 ) $ (527 ) Net dispositions (purchases) of GE shares for treasury Open market purchases under share repurchase program $ (134 ) $ (3,325 ) Other purchases (9 ) (19 ) Dispositions 136 612 $ (6 ) $ (2,732 ) (a) Included a pre-tax gain on sales of businesses reclassified to Proceeds from principal business dispositions within Cash flows from investing activities of $(305) million for Industrial Solutions in the six months ended June 30, 2018 . See Note 2. (b) Reflected the effects of current tax expense of $484 million and $810 million and net cash paid during the year for income taxes of $(873) million and $(1,292) million for the six months ended June 30 , 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 $2,094 million and $1,869 million and employer contributions of $(1,042) million and $(327) million for the six months ended June 30 , 2018 and 2017, respectively. See Note 13. (d) Reflected the effects of other postretirement plans costs (income) of $(95) million and $197 million and employer contributions of $(574) million and $(476) million for the six months ended June 30 , 2018 and 2017, respectively. See Note 13. (e) Reflected the effects of restructuring and other charges of $1,225 million and $1,603 million and restructuring and other cash expenditures of $(822) million and $(1,019) million for the six months ended June 30 , 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 adjustments to net income, such as cash and non-cash gains and losses from other investments and sales of intangible assets, write-downs of assets, 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 $(512) million in the six months ended June 30 , 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	6 Months Ended
	Jun. 30, 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. Six months ended June 30 (In millions) 2018 2017 Cash from (used for) operating activities-continuing operations Combined $ (927 ) $ 5,550 GE current receivables sold to GE Capital 3,115 1,301 GE Capital dividends to GE — (4,016 ) Other reclassifications and eliminations(a) 52 95 Total cash from (used for) operating activities-continuing operations $ 2,240 $ 2,930 Cash from (used for) investing activities-continuing operations Combined $ 5,696 $ 3,190 GE current receivables sold to GE Capital (4,093 ) (1,612 ) GE Capital long-term loans to GE 920 4,075 GE Capital short-term loan to GE — (1,329 ) Other reclassifications and eliminations(a) 143 73 Total cash from (used for) investing activities-continuing operations $ 2,665 $ 4,397 Cash from (used for) financing activities-continuing operations Combined $ (20,778 ) $ (13,502 ) GE current receivables sold to GE Capital 978 311 GE Capital dividends to GE — 4,016 GE Capital long-term loans to GE (920 ) (4,075 ) GE Capital short-term loan to GE — 1,329 Other reclassifications and eliminations(a) (194 ) (168 ) Total cash from (used for) financing activities-continuing operations $ (20,913 ) $ (12,089 ) (a) Includes eliminations of other cash flows activities, including financing of long-term receivables of $737 million and $(347) million in the six months ended June 30, 2018 and 2017 respectively, and various investments, loans and allocations of GE corporate overhead costs.

GUARANTOR FINANCIAL INFORMATION

GUARANTOR FINANCIAL INFORMATION	6 Months Ended
	Jun. 30, 2018
Condensed Financial Information 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 and six months ended June 30, 2018 and 2017 , Condensed Consolidating Statements of Financial Position as of June 30, 2018 and December 31, 2017 and Condensed Consolidating Statements of Cash Flows for the six months ended June 30, 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 JUNE 30, 2018 (UNAUDITED) (in millions) Parent Company Guarantor Subsidiary Issuer Subsidiary Guarantor Non- Guarantor Subsidiaries Consolidating Adjustments Consolidated Revenues Sales of goods and services $ 7,947 $ — $ — $ 41,000 $ (20,854 ) $ 28,093 GE Capital revenues from services — 233 326 2,593 (1,141 ) 2,011 Total revenues 7,947 233 326 43,593 (21,995 ) 30,104 Costs and expenses Interest and other financial charges 1,868 230 617 1,381 (2,801 ) 1,295 Other costs and expenses 11,692 — — 38,372 (21,722 ) 28,341 Total costs and expenses 13,560 230 617 39,753 (24,523 ) 29,636 Other income (loss) 1,621 — — 2,970 (3,727 ) 864 Equity in earnings (loss) of affiliates 4,442 — (127 ) 12,249 (16,563 ) — Earnings (loss) from continuing operations before income taxes 450 3 (418 ) 19,059 (17,763 ) 1,331 Benefit (provision) for income taxes 471 — — (1,162 ) 150 (542 ) Earnings (loss) from continuing operations 921 3 (418 ) 17,897 (17,613 ) 789 Earnings (loss) from discontinued operations, net of taxes (121 ) — (63 ) — 63 (121 ) Net earnings (loss) 800 3 (482 ) 17,897 (17,550 ) 669 Less net earnings (loss) attributable to noncontrolling interests — — — (116 ) (16 ) (132 ) Net earnings (loss) attributable to the Company 800 3 (482 ) 18,013 (17,534 ) 800 Other comprehensive income (loss) (571 ) — (94 ) (2,509 ) 2,603 (571 ) Comprehensive income (loss) attributable to the Company $ 229 $ 3 $ (575 ) $ 15,503 $ (14,931 ) $ 229 CONDENSED CONSOLIDATING STATEMENT OF EARNINGS (LOSS) AND COMPREHENSIVE INCOME (LOSS) FOR THE THREE MONTHS ENDED JUNE 30, 2017 (UNAUDITED) (in millions) Parent Company Guarantor Subsidiary Issuer Subsidiary Guarantor Non- Guarantor Subsidiaries Consolidating Adjustments Consolidated Revenues Sales of goods and services $ 8,080 $ — $ — $ 37,615 $ (18,621 ) $ 27,075 GE Capital revenues from services — 173 188 2,589 (928 ) 2,022 Total revenues 8,080 173 188 40,204 (19,549 ) 29,097 Costs and expenses Interest and other financial charges 767 159 489 1,221 (1,463 ) 1,174 Other costs and expenses 8,571 — 9 37,570 (19,023 ) 27,126 Total costs and expenses 9,338 159 497 38,791 (20,486 ) 28,300 Other income (loss) 57 — — 28,005 (27,732 ) 330 Equity in earnings (loss) of affiliates 2,028 — 450 13,982 (16,460 ) — Earnings (loss) from continuing operations before income taxes 828 14 141 43,400 (43,255 ) 1,127 Benefit (provision) for income taxes 375 (2 ) — (230 ) (105 ) 38 Earnings (loss) from continuing operations 1,203 12 141 43,170 (43,361 ) 1,164 Earnings (loss) from discontinued operations, net of taxes (146 ) — (5 ) 3 2 (146 ) Net earnings (loss) 1,057 12 136 43,172 (43,359 ) 1,019 Less net earnings (loss) attributable to noncontrolling interests — — — 16 (54 ) (38 ) Net earnings (loss) attributable to the Company 1,057 12 136 43,156 (43,304 ) 1,057 Other comprehensive income (loss) 1,309 — 32 (25,537 ) 25,505 1,309 Comprehensive income (loss) attributable to the Company $ 2,366 $ 12 $ 168 $ 17,619 $ (17,799 ) $ 2,366 CONDENSED CONSOLIDATING STATEMENT OF EARNINGS (LOSS) AND COMPREHENSIVE INCOME (LOSS) FOR THE SIX MONTHS ENDED JUNE 30, 2018 (UNAUDITED) (in millions) Parent Company Guarantor Subsidiary Issuer Subsidiary Guarantor Non- Guarantor Subsidiaries Consolidating Adjustments Consolidated Revenues Sales of goods and services $ 15,651 $ — $ — $ 78,980 $ (39,664 ) $ 54,967 GE Capital revenues from services — 441 551 4,151 (1,346 ) 3,797 Total revenues and other income (loss) 15,651 441 551 83,131 (41,010 ) 58,764 Costs and expenses Interest and other financial charges 3,248 436 1,164 2,645 (4,912 ) 2,580 Other costs and expenses 19,829 — — 76,515 (40,835 ) 55,509 Total costs and expenses 23,077 436 1,163 79,160 (45,746 ) 58,089 Other income (loss) 1,896 — — 1,097 (1,924 ) 1,069 Equity in earnings (loss) of affiliates 7,034 — 493 12,090 (19,617 ) — Earnings (loss) from continuing operations before income taxes 1,503 5 (119 ) 17,159 (16,804 ) 1,744 Benefit (provision) for income taxes (177 ) (1 ) — (562 ) 225 (515 ) Earnings (loss) from continuing operations 1,326 4 (119 ) 16,596 (16,579 ) 1,229 Earnings (loss) from discontinued operations, net of taxes (1,673 ) — (81 ) 1 79 (1,673 ) Net earnings (loss) (347 ) 4 (200 ) 16,597 (16,500 ) (444 ) Less net earnings (loss) attributable to noncontrolling interests — — — (121 ) 24 (98 ) Net earnings (loss) attributable to the Company (347 ) 4 (200 ) 16,719 (16,523 ) (347 ) Other comprehensive income (loss) 971 — (55 ) (1,631 ) 1,686 971 Comprehensive income (loss) attributable to the Company $ 625 $ 4 $ (254 ) $ 15,087 $ (14,837 ) $ 625 CONDENSED CONSOLIDATING STATEMENT OF EARNINGS (LOSS) AND COMPREHENSIVE INCOME (LOSS) FOR THE SIX MONTHS ENDED JUNE 30, 2017 (UNAUDITED) (in millions) Parent Company Guarantor Subsidiary Issuer Subsidiary Guarantor Non- Guarantor Subsidiaries Consolidating Adjustments Consolidated Revenues Sales of goods and services $ 16,872 $ — $ — $ 73,705 $ (38,886 ) $ 51,691 GE Capital revenues from services — 329 374 4,859 (1,275 ) 4,286 Total revenues and other income (loss) 16,872 329 374 78,564 (40,161 ) 55,978 Costs and expenses Interest and other financial charges 1,677 309 943 2,303 (2,920 ) 2,313 Other costs and expenses 18,200 — 22 73,510 (38,615 ) 53,118 Total costs and expenses 19,877 309 965 75,813 (41,534 ) 55,431 Other income (loss) 111 — — 32,625 (32,209 ) 527 Equity in earnings (loss) of affiliates 3,736 — 692 50,664 (55,093 ) — Earnings (loss) from continuing operations before income taxes 843 20 101 86,040 (85,929 ) 1,074 Benefit (provision) for income taxes 519 (2 ) 115 (699 ) 210 142 Earnings (loss) from continuing operations 1,362 17 215 85,341 (85,719 ) 1,217 Earnings (loss) from discontinued operations, net of taxes (388 ) — 278 3 (278 ) (385 ) Net earnings (loss) 974 17 493 85,344 (85,997 ) 832 Less net earnings (loss) attributable to noncontrolling interests — — — (32 ) (110 ) (142 ) Net earnings (loss) attributable to the Company 974 17 493 85,377 (85,887 ) 974 Other comprehensive income (loss) 3,131 — 649 (26,994 ) 26,345 3,131 Comprehensive income (loss) attributable to the Company $ 4,105 $ 17 $ 1,142 $ 58,383 $ (59,542 ) $ 4,105 CONDENSED CONSOLIDATING STATEMENT OF FINANCIAL POSITION JUNE 30, 2018 (UNAUDITED) (In millions) Parent Company Guarantor Subsidiary Issuer Subsidiary Guarantor Non- Guarantor Subsidiaries Consolidating Adjustments Consolidated Assets Cash, cash equivalents and restricted cash $ 1,852 $ — $ 3 $ 26,452 $ (634 ) $ 27,674 Investment securities — — — 37,429 (818 ) 36,611 Receivables - net 38,831 17,348 32,799 78,684 (131,976 ) 35,686 Inventories 4,790 — — 21,093 (5,411 ) 20,473 Property, plant and equipment - net 5,816 — — 46,488 (1,438 ) 50,866 Investment in subsidiaries(a) 281,298 — 78,171 724,902 (1,084,371 ) — Goodwill and intangible assets 8,374 — — 88,376 5,443 102,193 All other assets 9,503 16 19 225,997 (171,321 ) 64,214 Assets of discontinued operations — — — — 5,053 5,053 Total assets $ 350,465 $ 17,364 $ 110,991 $ 1,249,421 $ (1,385,473 ) $ 342,769 Liabilities and equity Short-term borrowings $ 167,290 $ — $ 47,189 $ 12,832 $ (212,892 ) $ 14,419 Accounts payable 12,833 — — 49,954 (47,762 ) 15,026 Other current liabilities 11,270 9 3 32,525 (6,885 ) 36,922 Long-term and non-recourse borrowings 62,642 15,912 35,007 49,529 (61,936 ) 101,154 All other liabilities 41,361 422 154 66,957 (10,724 ) 98,169 Liabilities of discontinued operations — — — — 1,949 1,949 Total Liabilities 295,396 16,343 82,352 211,797 (338,249 ) 267,639 Redeemable noncontrolling interests — — — 2,513 862 3,376 GE shareowners' equity 55,069 1,021 28,639 1,033,711 (1,063,371 ) 55,069 Noncontrolling interests — — — 1,400 15,285 16,685 Total equity 55,069 1,021 28,639 1,035,111 (1,048,086 ) 71,754 Total liabilities, redeemable noncontrolling interests and equity $ 350,465 $ 17,364 $ 110,991 $ 1,249,421 $ (1,385,473 ) $ 342,769 (a) Included within the subsidiaries of the Subsidiary Guarantor are cash and cash equivalent balances of $8,819 million and net assets of discontinued operations of $3,329 million . CONDENSED CONSOLIDATING STATEMENT OF FINANCIAL POSITION DECEMBER 31, 2017 (In millions) Parent Company Guarantor Subsidiary Issuer Subsidiary Guarantor Non- Guarantor Subsidiaries Consolidating Adjustments Consolidated Assets Cash, cash equivalents and restricted cash $ 3,472 $ — $ 3 $ 41,236 $ (743 ) $ 43,967 Investment securities 1 — — 39,809 (1,113 ) 38,696 Receivables - net 50,923 17,316 32,381 87,776 (147,551 ) 40,846 Inventories 4,587 — — 22,215 (7,383 ) 19,419 Property, plant and equipment - net 5,808 — — 48,516 (450 ) 53,874 Investment in subsidiaries(a) 277,929 — 77,488 715,936 (1,071,353 ) — Goodwill and intangible assets 8,014 — — 90,226 6,002 104,242 All other assets 30,737 16 32 236,771 (205,269 ) 62,288 Assets of discontinued operations — — — — 5,912 5,912 Total assets $ 381,472 $ 17,332 $ 109,904 $ 1,282,485 $ (1,421,948 ) $ 369,245 Liabilities and equity Short-term borrowings $ 191,807 $ — $ 46,033 $ 22,603 $ (236,407 ) $ 24,036 Accounts payable 8,126 — — 77,509 (70,462 ) 15,172 Other current liabilities 11,892 8 3 28,218 (34 ) 40,088 Long-term and non-recourse borrowings 71,023 16,632 34,730 55,367 (67,197 ) 110,556 All other liabilities 42,594 475 128 66,293 (7,694 ) 101,797 Liabilities of discontinued operations — — — — 706 706 Total Liabilities 325,442 17,116 80,894 249,991 (381,088 ) 292,355 Redeemable noncontrolling interests — — — 2,627 764 3,391 GE shareowners' equity 56,030 216 29,010 1,028,311 (1,057,537 ) 56,030 Noncontrolling interests — — — 1,556 15,912 17,468 Total equity 56,030 216 29,010 1,029,867 (1,041,625 ) 73,498 Total liabilities, redeemable noncontrolling interests and equity $ 381,472 $ 17,332 $ 109,904 $ 1,282,485 $ (1,421,948 ) $ 369,245 (a) Included within the subsidiaries of the Subsidiary Guarantor are cash and cash equivalent balances of $15,225 million and net assets of discontinued operations of $4,318 million . CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS SIX MONTHS ENDED JUNE 30, 2018 (UNAUDITED) (In millions) Parent Company Guarantor Subsidiary Issuer Subsidiary Guarantor Non- Guarantor Subsidiaries Consolidating Adjustments Consolidated Cash flows – operating activities Cash from (used for) operating activities - continuing operations $ 12,625 $ (268 ) $ (117 ) $ 8,330 $ (18,330 ) $ 2,240 Cash from (used for) operating activities - discontinued operations (1,673 ) — — 1,381 (1 ) (293 ) Cash from (used for) operating activities 10,952 (268 ) (117 ) 9,711 (18,331 ) 1,947 Cash flows – investing activities Cash from (used for) investing activities – continuing operations 12,523 268 (882 ) (22,097 ) 12,852 2,665 Cash from (used for) investing activities – discontinued operations — — — 151 — 151 Cash from (used for) investing activities 12,523 268 (882 ) (21,946 ) 12,852 2,816 Cash flows – financing activities Cash from (used for) financing activities – continuing operations (25,094 ) — 999 (2,406 ) 5,588 (20,913 ) Cash from (used for) financing activities – discontinued operations — — — — — — Cash from (used for) financing activities (25,094 ) — 999 (2,406 ) 5,588 (20,913 ) Effect of currency exchange rate changes on cash, cash equivalents and restricted cash — — — (285 ) — (285 ) Increase (decrease) in cash, cash equivalents and restricted cash (1,620 ) — — (14,926 ) 110 (16,436 ) Cash, cash equivalents and restricted cash at beginning of year 3,472 — 3 41,993 (743 ) 44,724 Cash, cash equivalents and restricted cash at June 30 1,852 — 3 27,067 (634 ) 28,288 Less cash, cash equivalents and restricted cash of discontinued operations at June 30 — — — (615 ) — (615 ) Cash, cash equivalents and restricted cash of continuing operations at June 30 $ 1,852 $ — $ 3 $ 26,452 $ (634 ) $ 27,674 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS SIX MONTHS ENDED JUNE 30, 2017 (UNAUDITED) (In millions) Parent Company Guarantor Subsidiary Issuer Subsidiary Guarantor Non- Guarantor Subsidiaries Consolidating Adjustments Consolidated Cash flows – operating activities Cash from (used for) operating activities - continuing operations $ 10,330 $ 25 $ 225 $ 105,269 $ (112,919 ) $ 2,930 Cash from (used for) operating activities - discontinued operations (388 ) — — (507 ) — (895 ) Cash from (used for) operating activities 9,942 25 225 104,761 (112,919 ) 2,035 Cash flows – investing activities Cash from (used for) investing activities – continuing operations (24,692 ) (25 ) 608 (52,457 ) 80,963 4,397 Cash from (used for) investing activities – discontinued operations — — — (2,089 ) — (2,089 ) Cash from (used for) investing activities (24,692 ) (25 ) 608 (54,545 ) 80,963 2,309 Cash flows – financing activities Cash from (used for) financing activities – continuing operations 16,447 — (833 ) (60,697 ) 32,994 (12,089 ) Cash from (used for) financing activities – discontinued operations — — — 1,909 — 1,909 Cash from (used for) financing activities 16,447 — (833 ) (58,789 ) 32,994 (10,181 ) Effect of currency exchange rate changes on cash, cash equivalents and restricted cash — — — 538 — 538 Increase (decrease) in cash, cash equivalents and restricted cash 1,697 — 1 (8,035 ) 1,037 (5,299 ) Cash, cash equivalents and restricted cash at beginning of year 2,729 — 41 49,204 (1,590 ) 50,384 Cash, cash equivalents and restricted cash at June 30 4,426 — 42 41,169 (552 ) 45,085 Less cash, cash equivalents and restricted cash of discontinued operations at June 30 — — — 526 — 526 Cash, cash equivalents and restricted cash of continuing operations at June 30 $ 4,426 $ — $ 42 $ 40,643 $ (552 ) $ 44,559

SEGMENT OPERATIONS

SEGMENT OPERATIONS	6 Months Ended
	Jun. 30, 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 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. SUMMARY OF OPERATING SEGMENTS Three months ended June 30 Six months ended June 30 (In millions) 2018 2017 V% 2018 2017 V% Revenues Power(a) $ 7,579 $ 9,400 (19) % $ 14,801 $ 17,341 (15 )% Renewable Energy 1,653 2,312 (29) % 3,299 4,079 (19 )% Oil & Gas 5,554 2,997 85 % 10,939 6,083 80 % Aviation 7,519 6,634 13 % 14,631 13,307 10 % Healthcare 4,978 4,688 6 % 9,680 8,993 8 % Transportation 942 1,077 (13) % 1,814 2,057 (12 )% Lighting(a) 431 473 (9) % 887 935 (5 )% Total industrial segment revenues 28,657 27,582 4 % 56,052 52,795 6 % Capital 2,429 2,446 (1) % 4,602 5,127 (10 )% Total segment revenues 31,085 30,028 4 % 60,654 57,923 5 % Corporate items and eliminations (982 ) (932 ) (1,890 ) (1,945 ) Consolidated revenues $ 30,104 $ 29,097 3 % $ 58,764 $ 55,978 5 % Segment profit (loss) Power(a) $ 421 $ 994 (58) % $ 694 $ 1,432 (52 )% Renewable Energy 82 158 (48) % 159 228 (30 )% Oil & Gas(b) 73 120 (39) % (70 ) 380 U Aviation 1,475 1,374 7 % 3,078 2,647 16 % Healthcare 926 826 12 % 1,660 1,487 12 % Transportation 155 183 (15) % 285 278 3 % Lighting(a) 24 17 41 % 26 27 (4 )% Total industrial segment profit 3,157 3,673 (14) % 5,832 6,480 (10 )% Capital (207 ) (172 ) (20) % (422 ) (219 ) (93 )% Total segment profit (loss) 2,950 3,502 (16) % 5,410 6,261 (14 )% Corporate items and eliminations (309 ) (1,120 ) (962 ) (2,522 ) GE interest and other financial charges (690 ) (637 ) (8) % (1,333 ) (1,200 ) (11 )% GE non-operating benefit costs (690 ) (552 ) (25) % (1,374 ) (1,201 ) (14 )% GE benefit (provision) for income taxes (525 ) (165 ) U (637 ) (188 ) U Earnings (loss) from continuing operations attributable to GE common shareowners 736 1,028 (28) % 1,105 1,150 (4 )% Earnings (loss) from discontinued operations, net of taxes (121 ) (146 ) 17 % (1,673 ) (385 ) U Less net earnings attributable to noncontrolling interests, discontinued operations — 7 U — 7 U Earnings (loss) from discontinued operations, net of tax and noncontrolling interest (121 ) (152 ) 20 % (1,673 ) (392 ) U Consolidated net earnings (loss) attributable to the GE common shareowners $ 615 $ 875 (30) % $ (568 ) $ 758 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 profit excluding restructuring and other charges* was $222 million and $402 million for the three and six months ended June 30, 2018. *Non-GAAP Financial Measure

BASIS OF PRESENTATION AND SUM30

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 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 customer termination without substantive penalty. 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 expected 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 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. Our policy under ASC 605 was to defer recognition until all risk had transferred to the customer, which was generally upon product installation or customer acceptance. For these equipment contracts, the customer has control of the equipment in advance of the related installation or acceptance event based on our evaluation of the indicators provided in ASC 606. 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 $13 million , $28 million and $124 million for the three months ended June 30, 2017, six months ended June 30, 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)	6 Months Ended
	Jun. 30, 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) June 30, 2018 December 31, 2017 Assets Current receivables(a) $ 414 $ 612 Inventories 687 931 Property, plant, and equipment – net 709 931 Goodwill 2,410 1,619 Other intangible assets – net 403 403 Contract assets 741 619 Valuation allowance on disposal group classified as held for sale (b) (530 ) (1,000 ) Other assets 71 49 Assets of businesses held for sale $ 4,905 $ 4,164 Liabilities Accounts payable $ 498 $ 602 Progress collections and deferred income 349 179 Non-current compensation and benefits 46 162 Other liabilities 304 305 Liabilities of businesses held for sale $ 1,198 $ 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 $ 332 million and $ 366 million at June 30, 2018 and December 31, 2017 , respectively. 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 June 30 Six months ended June 30 (In millions) 2018 2017 2018 2017 Operations Total revenues and other income (loss) $ 4 $ 9 $ (1,468 ) $ 88 Earnings (loss) from discontinued operations before income taxes $ (156 ) $ (216 ) $ (1,730 ) $ (412 ) Benefit (provision) for income taxes(a) 35 66 54 128 Earnings (loss) from discontinued operations, net of taxes $ (121 ) $ (150 ) $ (1,676 ) $ (284 ) Disposal Gain (loss) on disposal before income taxes $ — $ 8 $ 4 $ (19 ) Benefit (provision) for income taxes(a) — (3 ) (1 ) (81 ) Gain (loss) on disposal, net of taxes $ — $ 4 $ 3 $ (100 ) Earnings (loss) from discontinued operations, net of taxes(b)(c) $ (121 ) $ (146 ) $ (1,673 ) $ (385 ) (a) GE Capital's total tax benefit (provision) for discontinued operations and disposals included current tax benefit (provision) of $132 million and $253 million for the three months ended June 30, 2018 and 2017 , respectively, and $123 million and $(323) million for the six months ended June 30, 2018 and 2017, respectively, including current U.S. Federal tax benefit (provision) of $37 million and $68 million for the three months ended June 30, 2018 and 2017 , respectively and $61 million and $(519) million for the six months ended June 30, 2018 and 2017, respectively. The deferred tax benefit (provision) was $(97) million and $(190) million for the three months ended June 30, 2018 and 2017 , respectively and $(70) million and $370 million for the six months ended June 30, 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 $(156) million and $(215) million for the three months ended June 30, 2018 and 2017 , respectively, and $(1,726) million and $(438) million for the six months ended June 30, 2018 and 2017, respectively. (In millions) June 30, 2018 December 31, 2017 Assets Cash, cash equivalents and restricted cash $ 615 $ 757 Investment securities 425 647 Deferred income taxes 885 951 Financing receivables held for sale 2,912 3,215 Other assets 217 342 Assets of discontinued operations $ 5,053 $ 5,912 Liabilities Accounts payable 47 51 Borrowings — 1 Other liabilities 1,903 654 Liabilities of discontinued operations $ 1,949 $ 706

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	6 Months Ended
	Jun. 30, 2018
Investments, Debt and Equity Securities [Abstract]
Schedule of Investment Securities	June 30, 2018 December 31, 2017 (In millions) Amortized Gross Gross Estimated Amortized Gross Gross Estimated Debt U.S. corporate $ 22,052 $ 2,537 $ (235 ) $ 24,354 $ 20,104 $ 3,775 $ (35 ) $ 23,843 Non-U.S. corporate 2,827 63 (37 ) 2,852 5,455 86 (13 ) 5,528 State and municipal 3,653 393 (56 ) 3,990 3,775 534 (40 ) 4,269 Mortgage and asset-backed 3,260 50 (66 ) 3,244 2,820 81 (23 ) 2,878 Government and agencies 1,576 64 (27 ) 1,612 1,927 75 (2 ) 2,000 Equity (b) 559 — — 559 166 12 — 178 Total $ 33,926 $ 3,107 $ (422 ) $ 36,611 $ 34,246 $ 4,564 $ (114 ) $ 38,696 (a) Included $928 million and $569 million of investment securities held by GE at June 30, 2018 and December 31, 2017, respectively, of which $524 million and $141 million are equity securities with readily determinable fair value. (b) These securities have readily determinable fair values and subsequent to the adoption of ASU 2016-01 on January 1, 2018, changes in fair value are recorded to earnings. Net unrealized gains (losses) recorded to earnings related to these securities were $293 million and $29 million for the three months ended and $276 million and $29 million for the six months ended June 30, 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 June 30, 2018 U.S. corporate $ 5,536 $ (170 ) $ 566 $ (65 ) Non-U.S. corporate 1,043 (33 ) 1,282 (5 ) State and municipal 317 (6 ) 282 (50 ) Mortgage and asset-backed 1,826 (47 ) 384 (19 ) Government and agencies 488 (26 ) 109 (1 ) Total $ 9,210 $ (282 ) $ 2,623 $ (140 ) 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 $ 1,903 $ 1,910 After one year through five years 3,098 3,192 After five years through ten years 6,268 6,673 After ten years 18,900 21,105

CURRENT RECEIVABLES (Tables)

CURRENT RECEIVABLES (Tables)	6 Months Ended
	Jun. 30, 2018
Receivables [Abstract]
Schedule of Receivables	Consolidated(a)(b) GE(c) (In millions) June 30, 2018 December 31, 2017 June 30, 2018 December 31, 2017 Current receivables $ 21,715 $ 25,282 $ 15,438 $ 15,693 Allowance for losses (918 ) (1,073 ) (901 ) (1,055 ) Total $ 20,797 $ 24,209 $ 14,537 $ 14,638 (a) Included GE industrial customer receivables sold to a GE Capital affiliate and recorded on GE Capital’s balance sheet of $ 7,025 million and $ 10,370 million at June 30, 2018 and December 31, 2017 , respectively. The consolidated total included a deferred purchase price receivable of $ 413 million and $ 388 million at June 30, 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 $ 2,694 million and $ 2,541 million at June 30, 2018 and December 31, 2017 , respectively. Of these balances, $ 1,641 million and $ 1,621 million was sold by GE to GE Capital prior to the sale to third parties at June 30, 2018 and December 31, 2017 , respectively. At June 30, 2018 and December 31, 2017 , our maximum exposure to loss under the limited recourse arrangements is $ 50 million and $ 90 million, respectively. (c) GE current receivables balances at June 30, 2018 and December 31, 2017 , before allowance for losses, included $ 10,518 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) June 30, 2018 December 31, 2017 Loans, net of deferred income $ 13,371 $ 17,404 Investment in financing leases, net of deferred income 3,059 4,614 16,430 22,018 Allowance for losses (38 ) (51 ) Financing receivables – net $ 16,392 $ 21,967

INVENTORIES (Tables)

INVENTORIES (Tables)	6 Months Ended
	Jun. 30, 2018
Inventory Disclosure [Abstract]
Schedule of Inventories	(In millions) June 30, 2018 December 31, 2017 Raw materials and work in process $ 10,812 $ 10,131 Finished goods 9,427 8,847 Unbilled shipments 234 441 Total Inventories $ 20,473 $ 19,419

GE CAPITAL FINANCING RECEIVAB35

GE CAPITAL FINANCING RECEIVABLES AND ALLOWANCE FOR LOSSES ON FINANCING RECEIVABLES (Tables)	6 Months Ended
	Jun. 30, 2018
Receivables [Abstract]
Schedule of Financing Receivables, Net	Consolidated(a)(b) GE(c) (In millions) June 30, 2018 December 31, 2017 June 30, 2018 December 31, 2017 Current receivables $ 21,715 $ 25,282 $ 15,438 $ 15,693 Allowance for losses (918 ) (1,073 ) (901 ) (1,055 ) Total $ 20,797 $ 24,209 $ 14,537 $ 14,638 (a) Included GE industrial customer receivables sold to a GE Capital affiliate and recorded on GE Capital’s balance sheet of $ 7,025 million and $ 10,370 million at June 30, 2018 and December 31, 2017 , respectively. The consolidated total included a deferred purchase price receivable of $ 413 million and $ 388 million at June 30, 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 $ 2,694 million and $ 2,541 million at June 30, 2018 and December 31, 2017 , respectively. Of these balances, $ 1,641 million and $ 1,621 million was sold by GE to GE Capital prior to the sale to third parties at June 30, 2018 and December 31, 2017 , respectively. At June 30, 2018 and December 31, 2017 , our maximum exposure to loss under the limited recourse arrangements is $ 50 million and $ 90 million, respectively. (c) GE current receivables balances at June 30, 2018 and December 31, 2017 , before allowance for losses, included $ 10,518 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) June 30, 2018 December 31, 2017 Loans, net of deferred income $ 13,371 $ 17,404 Investment in financing leases, net of deferred income 3,059 4,614 16,430 22,018 Allowance for losses (38 ) (51 ) Financing receivables – net $ 16,392 $ 21,967

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	6 Months Ended
	Jun. 30, 2018
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment	(In millions) June 30, 2018 December 31, 2017 Original cost $ 87,216 $ 89,607 Less accumulated depreciation and amortization (36,350 ) (35,733 ) Property, plant and equipment – net $ 50,866 $ 53,874

ACQUISITIONS, GOODWILL AND OT37

ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	6 Months Ended
	Jun. 30, 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	IDENTIFIABLE ASSETS ACQUIRED AND LIABILITIES ASSUMED (In millions) July 3, 2017 Cash and cash equivalents $ 4,133 Accounts receivable 2,342 Inventories 1,712 Property, plant, and equipment - net 4,514 Other intangible assets - net 4,005 All other assets 1,335 Accounts payable (1,245 ) Borrowings (3,370 ) Deferred taxes (a) (249 ) All other liabilities (2,487 ) Total identifiable net assets 10,690 Fair value of existing noncontrolling interest (35 ) Goodwill 14,143 Total allocated purchase price $ 24,798 (a) Includes an increase of approximately $980 million primarily related to fair value adjustments to identifiable assets and liabilities (excluding goodwill) partially offset by a tax asset of approximately $553 million associated with the recognition of foreign tax credits.
Estimated Fair Value of Intangible Assets and Useful Lives	The fair value of intangible assets and related useful lives in the purchase price allocation included: (In millions) Fair value Estimated useful life (in years) Trade name - Baker Hughes $ 2,100 Indefinite life Customer-related 1,240 15 Patents and technology 465 10 Trademarks - Other 45 10 Capitalized software 64 2 In-process research and development 70 Indefinite life Favorable lease contracts 21 10 Total $ 4,005
Schedule of Unaudited Pro Forma Information	Three months ended June 30 Six months ended June 30 (In millions) 2018 2017 2018 2017 Revenues $ 30,104 $ 31,499 $ 58,764 $ 60,640 Earnings (loss) from continuing operations 832 1,014 1,311 982
Changes in Goodwill Balances	CHANGES IN GOODWILL BALANCES (In millions) Balance at Acquisitions Dispositions, Balance at Power $ 25,269 $ — $ (2,083 ) $ 23,186 Renewable Energy 4,093 — (31 ) 4,062 Oil & Gas 23,943 — 673 24,616 Aviation 10,008 — (36 ) 9,972 Healthcare 17,306 — (35 ) 17,272 Transportation 902 — (8 ) 894 Lighting (a) — — — — Capital 984 — — 984 Corporate 1,463 — 15 1,478 Total $ 83,968 $ — $ (1,504 ) $ 82,464 (a) Substantial majority of Lighting segment classified as held for sale in the fourth quarter of 2017.
Other Intangible Assets - Net	OTHER INTANGIBLE ASSETS - NET (In millions) June 30, 2018 December 31, 2017 Intangible assets subject to amortization $ 17,499 $ 18,056 Indefinite-lived intangible assets(a) 2,230 2,217 Total $ 19,728 $ 20,273 (a) Indefinite-lived intangible assets principally comprise trademarks/trade names and in-process research and development.
Intangible Assets Subject to Amortization	INTANGIBLE ASSETS SUBJECT TO AMORTIZATION June 30, 2018 December 31, 2017 (In millions) Gross carrying amount Accumulated amortization Net Gross carrying amount Accumulated amortization Net Customer-related(a) $ 10,400 $ (3,332 ) $ 7,070 $ 10,614 $ (3,095 ) $ 7,521 Patents and technology 10,694 (4,133 ) 6,561 10,271 (3,899 ) 6,372 Capitalized software 8,137 (5,167 ) 2,970 8,064 (4,974 ) 3,089 Trademarks 1,181 (502 ) 679 1,280 (421 ) 859 Lease valuations 161 (85 ) 77 170 (80 ) 89 All other 239 (96 ) 142 218 (92 ) 125 Total $ 30,813 $ (13,315 ) $ 17,499 $ 30,618 $ (12,561 ) $ 18,056 (a) Balance includes payments made to our customers, primarily within our Aviation business.

REVENUES (Tables)

REVENUES (Tables)	6 Months Ended
	Jun. 30, 2018
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregated Revenues	EQUIPMENT & SERVICES REVENUES(a) Three months ended June 30 (In millions) 2018 2017 Equipment Revenues Services Revenues Total Revenues Equipment Revenues Services Revenues Total Revenues Power $ 3,513 $ 4,066 $ 7,579 $ 4,629 $ 4,771 $ 9,400 Renewable Energy 1,102 551 1,653 1,922 390 2,312 Oil & Gas 2,189 3,366 5,554 1,273 1,724 2,997 Aviation 2,908 4,610 7,519 2,350 4,284 6,634 Healthcare 2,812 2,166 4,978 2,634 2,054 4,688 Transportation 305 637 942 510 567 1,077 Lighting 416 15 431 457 16 473 Total Industrial Segment Revenues $ 13,245 $ 15,411 $ 28,657 $ 13,776 $ 13,806 $ 27,582 EQUIPMENT & SERVICES REVENUES(a) Six months ended June 30 (In millions) 2018 2017 Equipment Revenues Services Revenues Total Revenues Equipment Revenues Services Revenues Total Revenues Power $ 7,037 $ 7,764 $ 14,801 $ 8,813 $ 8,527 $ 17,341 Renewable Energy 2,306 993 3,299 3,428 651 4,079 Oil & Gas 4,417 6,522 10,939 2,564 3,519 6,083 Aviation 5,447 9,183 14,631 4,949 8,358 13,307 Healthcare 5,419 4,261 9,680 4,958 4,035 8,993 Transportation 571 1,243 1,814 1,009 1,048 2,057 Lighting 860 27 887 908 29 935 Total Industrial Segment Revenues $ 26,058 $ 29,994 $ 56,052 $ 26,628 $ 26,167 $ 52,795 (a) Revenues classification consistent with our MD&A defined Services revenue SUB-SEGMENT REVENUES Three months ended June 30 Six months ended June 30 (In millions) 2018 2017 2018 2017 Power Gas Power Systems $ 1,401 $ 2,106 $ 2,936 $ 4,210 Power Services 3,178 3,591 6,010 6,200 Steam Power Systems 529 552 988 927 Energy Connections 2,304 2,487 4,519 4,686 Other 167 664 348 1,318 Power Revenues $ 7,579 $ 9,400 $ 14,801 $ 17,341 Renewable Energy Onshore Wind $ 1,336 $ 2,062 $ 2,596 $ 3,607 Hydro 176 196 409 383 Offshore Wind 141 54 294 89 Renewable Energy Revenues $ 1,653 $ 2,312 $ 3,299 $ 4,079 Oil & Gas Turbomachinery & Process Solutions (TPS) $ 1,391 $ 1,572 $ 2,839 $ 3,235 Oilfield Services (OFS) 2,884 228 5,561 440 Oilfield Equipment (OFE) 617 681 1,281 1,397 Digital Solutions 662 517 1,258 1,010 Oil & Gas Revenues $ 5,554 $ 2,997 $ 10,939 $ 6,083 Aviation Commercial Engines & Services $ 5,534 $ 4,918 $ 10,806 $ 9,889 Military 1,073 938 2,044 1,867 Systems & Other 911 778 1,780 1,551 Aviation Revenues $ 7,519 $ 6,634 $ 14,631 $ 13,307 Healthcare Healthcare Systems $ 3,493 $ 3,273 $ 6,824 $ 6,306 Life Sciences 1,244 1,161 2,369 2,174 Healthcare Digital 241 253 487 514 Healthcare Revenues $ 4,978 $ 4,688 $ 9,680 $ 8,993 Transportation Locomotives $ 177 $ 422 $ 348 $ 877 Services 530 486 1,036 891 Mining 137 89 253 136 Other 98 80 178 153 Transportation Revenues $ 942 $ 1,077 $ 1,814 $ 2,057 Lighting Current $ 268 $ 254 $ 484 $ 487 GE Lighting 163 219 403 449 Lighting Revenues $ 431 $ 473 $ 887 $ 935 Total Industrial Segment Revenues $ 28,657 $ 27,582 $ 56,052 $ 52,795 Capital Revenues (a) 2,429 2,446 4,602 5,127 Corporate items and eliminations (982 ) (932 ) (1,890 ) (1,945 ) Consolidated Revenues (a) $ 30,104 $ 29,097 $ 58,764 $ 55,978 (a) Includes $2,361 million and $4,478 million for the three months ended June 30, 2018 and 2017, respectively, and $2,389 million and $5,004 million for the six months ended June 30, 2018 and 2017, respectively, of revenues at GE Capital outside of the scope of ASC 606.

CONTRACT & OTHER DEFERRED ASS39

CONTRACT & OTHER DEFERRED ASSETS AND PROGRESS COLLECTIONS & DEFERRED INCOME (Tables)	6 Months Ended
	Jun. 30, 2018
Contractors [Abstract]
Contract with Customer, Asset and Liability	PROGRESS COLLECTIONS & DEFERRED INCOME (In millions) June 30, 2018 December 31, 2017 GE Contract Liabilities Progress collections $ 17,190 $ 18,310 Deferred income 3,798 3,911 Total progress collections & deferred income $ 20,988 $ 22,221 June 30, 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) $ 3,821 $ 2,527 $ 505 $ — $ 491 $ — $ 7,344 Equipment contract revenues(c) 4,247 416 1,059 297 207 506 6,733 Total contract assets 8,067 2,943 1,564 297 698 506 14,076 Deferred inventory costs(d) 996 554 244 1,288 36 335 3,453 Nonrecurring engineering costs(e) 142 1,834 14 23 95 21 2,128 Customer advances and other 1 1,127 — — 1 — 1,129 Contract and other deferred assets $ 9,207 $ 6,457 $ 1,823 $ 1,608 $ 830 $ 862 $ 20,787 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 $5,043 million and $5,498 million at June 30, 2018 and December 31, 2017, respectively. (c) Included in this balance are amounts due from customers for the sale of service 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 $799 million and $748 million , as of June 30, 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.

BORROWINGS (Tables)

BORROWINGS (Tables)	6 Months Ended
	Jun. 30, 2018
Debt Disclosure [Abstract]
Schedule of Borrowings	(In millions) June 30, 2018 December 31, 2017 Short-term borrowings GE Commercial paper $ 3,010 $ 3,000 Current portion of long-term borrowings 3,125 9,452 Other 2,183 2,095 Total GE short-term borrowings 8,319 14,548 GE Capital Commercial paper 3,018 5,013 Current portion of long-term borrowings(a) 4,408 5,781 Intercompany payable to GE 2,749 8,310 Other 691 497 Total GE Capital short-term borrowings 10,866 19,602 Eliminations (4,766 ) (10,114 ) Total short-term borrowings $ 14,419 $ 24,036 Long-term borrowings GE Senior notes(b) $ 58,460 $ 62,724 Subordinated notes 2,897 2,913 Other 1,283 1,403 Total GE long-term borrowings 62,640 67,040 GE Capital Senior notes 36,519 40,754 Subordinated notes 175 208 Intercompany payable to GE(c) 26,560 31,533 Other(a) 988 1,118 Total GE Capital long-term borrowings 64,241 73,614 Eliminations(c) (27,050 ) (32,079 ) Total long-term borrowings $ 99,832 $ 108,575 Non-recourse borrowings of consolidated securitization entities(d) $ 1,322 $ 1,980 Total borrowings $ 115,573 $ 134,591 (a) Included $260 million and $988 million of short- and long-term borrowings, respectively, at June 30, 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, $320 million and $458 million is non-recourse to GE Capital at June 30, 2018 and December 31, 2017 , respectively. (b) Included $6,191 million and $6,206 million of BHGE senior notes at June 30, 2018 and December 31, 2017 , respectively. Total BHGE borrowings were $6,446 million and $7,225 million at June 30, 2018 and December 31, 2017 , respectively. (c) Included a reduction of $8,190 million and $7,271 million for long-term intercompany loans from GE Capital to GE at June 30, 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 $34,750 million and $38,804 million at June 30, 2018 and December 31, 2017 , respectively. The $8,190 million of intercompany loans collectively have a weighted average interest rate of 3.6% and term of approximately 15 years, and can be prepaid at any time, in whole or in part, by GE without premium or penalty. (d) Included $361 million and $621 million of current portion of long-term borrowings at June 30, 2018 and December 31, 2017 , respectively. See Note 17 for further information.

INVESTMENT CONTRACTS, INSURAN41

INVESTMENT CONTRACTS, INSURANCE LIABILITIES AND INSURANCE ANNUITY BENEFITS (Tables)	6 Months Ended
	Jun. 30, 2018
Insurance [Abstract]
Schedule of Insurance and Investment Contract Liabilities	(In millions) June 30, 2018 December 31, 2017 Future policy benefit reserves Long-term care insurance contracts $ 16,380 $ 16,522 Structured settlement annuities with life contingencies and other contracts 9,544 9,448 Shadow adjustments(a) 2,704 4,582 28,628 30,552 Investment contracts 2,482 2,569 Claim reserves(b) 5,233 5,094 Unearned premiums and other 419 372 36,762 38,587 Eliminations (529 ) (451 ) Total $ 36,233 $ 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 $3,754 million and $3,590 million related to long-term care insurance contracts and $359 million and $364 million related to short-duration contracts, net of eliminations, at June 30, 2018 and December 31, 2017, respectively.

POSTRETIREMENT BENEFIT PLANS (T

POSTRETIREMENT BENEFIT PLANS (Tables)	6 Months Ended
	Jun. 30, 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 June 30 Six months ended June 30 (In millions) 2018 2017 2018 2017 Service cost for benefits earned $ 203 $ 254 $ 435 $ 543 Prior service cost amortization 36 72 72 145 Expected return on plan assets (820 ) (849 ) (1,640 ) (1,698 ) Interest cost on benefit obligations 667 712 1,333 1,429 Net actuarial loss amortization 943 697 1,894 1,407 Curtailment loss — — — 43 (a) Pension plans cost $ 1,029 $ 886 $ 2,094 $ 1,869 (a) Curtailment loss resulting from our intent to sell the Industrial Solutions business within our Power segment. Other pension plans Three months ended June 30 Six months ended June 30 (In millions) 2018 2017 2018 2017 Service cost for benefits earned $ 99 $ 123 $ 194 $ 274 Prior service credit amortization (2 ) (1 ) (2 ) (2 ) Expected return on plan assets (359 ) (301 ) (717 ) (595 ) Interest cost on benefit obligations 156 145 312 287 Net actuarial loss amortization 83 107 165 210 Settlement gain (6 ) (a) — (6 ) (a) — Pension plans cost (income) $ (29 ) $ 73 $ (54 ) $ 174 (a) Settlement gain resulting from the sale of the Industrial Solutions business within our Power segment. EFFECT ON OPERATIONS OF PRINCIPAL RETIREE BENEFIT PLANS Principal retiree benefit plans Three months ended June 30 Six months ended June 30 (In millions) 2018 2017 2018 2017 Service cost for benefits earned $ 16 $ 26 $ 29 $ 52 Prior service credit amortization (58 ) (43 ) (114 ) (86 ) Expected return on plan assets (7 ) (9 ) (14 ) (18 ) Interest cost on benefit obligations 49 56 98 113 Net actuarial gain amortization (20 ) (20 ) (40 ) (41 ) Curtailment loss — — — 3 (a) Retiree benefit plans cost (income) $ (20 ) $ 10 $ (41 ) $ 23 (a) Curtailment loss resulting from our intent to sell the Industrial Solutions business within our Power segment.

INCOME TAXES (Tables)

INCOME TAXES (Tables)	6 Months Ended
	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Schedule of Unrecognized Tax Benefits	UNRECOGNIZED TAX BENEFITS (In millions) June 30, 2018 December 31, 2017 Unrecognized tax benefits $ 5,130 $ 5,449 Portion that, if recognized, would reduce tax expense and effective tax rate(a) 3,745 3,626 Accrued interest on unrecognized tax benefits 860 810 Accrued penalties on unrecognized tax benefits 188 158 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) 0-1,200 0-900 (a) Some portion of such reduction may be reported as discontinued operations.

SHAREOWNERS_ EQUITY (Tables)

SHAREOWNERS’ EQUITY (Tables)	6 Months Ended
	Jun. 30, 2018
Equity [Abstract]
Schedule of Shareowners' Equity	Three months ended June 30 Six months ended June 30 (In millions) 2018 2017 2018 2017 Preferred stock issued $ 6 $ 6 $ 6 $ 6 Common stock issued $ 702 $ 702 $ 702 $ 702 Accumulated other comprehensive income (loss) Beginning balance $ (12,862 ) $ (16,766 ) $ (14,404 ) $ (18,588 ) Other comprehensive income (loss) before reclassifications Investment securities - net of deferred taxes of $(17), $146, $48 and $159(a) 31 291 141 309 Currency translation adjustments (CTA) - net of deferred taxes of $190, $(207), $41 and $(241) (2,049 ) 482 (1,217 ) 740 Cash flow hedges - net of deferred taxes of $(39), $(8), $(7) and $(2) (131 ) 44 (27 ) 64 Benefit plans - net of deferred taxes of $56, $32, $55 and $133 182 25 126 499 Total $ (1,967 ) $ 843 $ (977 ) $ 1,612 Reclassifications from other comprehensive income Investment securities - net of deferred taxes of $0, $(25), $(2) and $(61)(b) (7 ) (48 ) (16 ) (118 ) Currency translation on dispositions - net of deferred taxes of $0, $(1), $0 and $(541)(b) 380 34 378 588 Cash flow hedges - net of deferred taxes of $22, $(10), $7 and $(9)(c) 50 (54 ) — (55 ) Benefit plans - net of deferred taxes of $218, $270 $436 and $558(d) 758 536 1,533 1,110 Total $ 1,182 $ 467 $ 1,895 $ 1,525 Other comprehensive income (loss) (784 ) 1,310 918 3,138 Less other comprehensive income (loss) attributable to noncontrolling interests (213 ) 1 (53 ) 7 Other comprehensive income (loss), net, attributable to GE (571 ) 1,309 971 3,131 Ending Balance $ (13,432 ) $ (15,457 ) $ (13,432 ) $ (15,457 ) Other capital Beginning balance 37,339 37,448 37,384 37,224 Gains (losses) on treasury stock dispositions and other 13 20 (32 ) 244 Ending Balance $ 37,352 $ 37,468 $ 37,352 $ 37,468 Retained earnings Beginning balance(e) 115,477 131,544 117,245 133,856 Net earnings (loss) attributable to the Company 800 1,057 (347 ) 974 Dividends and other transactions with shareowners (1,231 ) (2,265 ) (2,309 ) (4,393 ) Redemption value adjustment on redeemable noncontrolling interests(f) (133 ) (66 ) (176 ) (167 ) Other changes(g) — — 500 — Ending Balance $ 114,913 $ 130,270 $ 114,913 $ 130,270 Common stock held in treasury Beginning balance (84,697 ) (84,833 ) (84,902 ) (83,038 ) Purchases (58 ) (1,261 ) (143 ) (3,620 ) Dispositions 284 477 574 1,041 Ending Balance $ (84,471 ) $ (85,617 ) $ (84,471 ) $ (85,617 ) Total equity GE shareowners' equity balance 55,069 67,372 55,069 67,372 Noncontrolling interests balance 16,685 1,634 16,685 1,634 Total equity balance at June 30 $ 71,754 $ 69,006 $ 71,754 $ 69,006 (a) Included adjustments of $534 million and $(90) million for the three months ended June 30, 2018 and 2017 and $1,472 million and $(189) million for the six months ended June 30, 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 our consolidated Statement of Earnings (Loss). Currency translation gains and losses on dispositions included zero and $(2) million for the three months ended June 30, 2018 and 2017, and zero and $510 million for the six months ended June 30, 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 and 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 and losses, amortization of prior service cost and curtailment gain and loss. These components are included in the computation of net periodic pension cost. See Note 13 for further information. (e) January 1, 2018 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 June 30 Six months ended June 30 (In millions) 2018 2017 2018 2017 Beginning balance $ 17,228 $ 1,639 $ 17,468 $ 1,663 Net earnings (loss) (15 ) 14 52 20 Dividends (81 ) (22 ) (164 ) (31 ) Other(a) (446 ) 2 (669 ) (18 ) Ending balance at June 30 $ 16,685 $ 1,634 $ 16,685 $ 1,634 (a) Includes impact of AOCI, acquisitions, dispositions and BHGE stock repurchases.
Changes to Redeemable Noncontrolling Interests	CHANGES TO REDEEMABLE NONCONTROLLING INTERESTS Three months ended June 30 Six months ended June 30 (In millions) 2018 2017 2018 2017 Beginning balance $ 3,549 $ 3,046 $ 3,391 $ 3,017 Net earnings (loss) (116 ) (53 ) (149 ) (162 ) Dividends (6 ) — (19 ) (11 ) Redemption value adjustment 133 67 198 167 Other (184 ) 125 (45 ) 175 Balance at June 30(a) $ 3,376 $ 3,185 $ 3,376 $ 3,185 (a) Included $3,019 million and $2,894 million related to the Alstom joint ventures at June 30, 2018 and 2017, respectively.

EARNINGS PER SHARE INFORMATION

EARNINGS PER SHARE INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2018
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	Three months ended June 30 2018 2017 (In millions; per-share amounts in dollars) Diluted Basic Diluted Basic Amounts attributable to the Company: Consolidated Earnings from continuing operations $ 919 $ 920 $ 1,204 $ 1,204 Preferred stock dividends (185 ) (185 ) (182 ) (182 ) Earnings from continuing operations attributable to $ 734 $ 735 $ 1,022 $ 1,022 Loss from discontinued operations (125 ) (125 ) (157 ) (157 ) Net earnings attributable to GE common $ 614 $ 615 $ 869 $ 869 Average equivalent shares Shares of GE common stock outstanding 8,688 8,688 8,671 8,671 Employee compensation-related shares (including stock options) 11 — 89 — Total average equivalent shares 8,699 8,688 8,760 8,671 Per-share amounts Earnings from continuing operations $ 0.08 $ 0.08 $ 0.12 $ 0.12 Loss from discontinued operations (0.01 ) (0.01 ) (0.02 ) (0.02 ) Net earnings 0.07 0.07 0.10 0.10 Six months ended June 30 2018 2017 (In millions; per-share amounts in dollars) Diluted Basic Diluted Basic Amounts attributable to the Company: Consolidated Earnings from continuing operations $ 1,321 $ 1,322 $ 1,355 $ 1,354 Preferred stock dividends (222 ) (222 ) (216 ) (216 ) Earnings from continuing operations attributable to $ 1,099 $ 1,100 $ 1,139 $ 1,138 Loss from discontinued operations (1,680 ) (1,679 ) (399 ) (400 ) Net earnings attributable to GE common $ (574 ) $ (573 ) $ 747 $ 747 Average equivalent shares Shares of GE common stock outstanding 8,686 8,686 8,695 8,695 Employee compensation-related shares (including stock options) 9 — 94 — Total average equivalent shares 8,694 8,686 8,789 8,695 Per-share amounts Earnings from continuing operations $ 0.13 $ 0.13 $ 0.13 $ 0.13 Loss from discontinued operations (0.19 ) (0.19 ) (0.05 ) (0.05 ) Net earnings (0.07 ) (0.07 ) 0.09 0.09 (a) Our unvested restricted stock unit awards that contain non-forfeitable rights to dividends or dividend equivalents are considered participating securities. For the three and six months ended June 30, 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)	6 Months Ended
	Jun. 30, 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. June 30, 2018 December 31, 2017 (In millions) Carrying Estimated Carrying Estimated GE Assets Notes receivable $ 680 $ 680 $ 700 $ 700 Liabilities Borrowings(a)(b) 33,460 32,905 34,473 35,416 Borrowings (debt assumed)(a)(c) 37,499 41,339 47,114 53,502 GE Capital Assets Loans 13,345 13,319 17,363 17,331 Other commercial mortgages 1,615 1,662 1,489 1,566 Loans held for sale 3,217 3,219 3,274 3,274 Liabilities Borrowings(a)(d)(e)(f) 47,121 49,538 55,353 60,415 Investment contracts 2,482 2,769 2,569 2,996 (a) See Note 11. (b) Included $ 130 million and $ 217 million of accrued interest in estimated fair value at June 30, 2018 and December 31, 2017 , respectively. (c) Included $ 650 million and $ 696 million of accrued interest in estimated fair value at June 30, 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 June 30, 2018 and December 31, 2017 would have been reduced by $ 1,255 million and $ 1,754 million, respectively. (e) Included $ 485 million and $ 731 million of accrued interest in estimated fair value at June 30, 2018 and December 31, 2017 , respectively. (f) Excluded $ 29,309 million and $ 39,844 million of net intercompany payable to GE at June 30, 2018 and December 31, 2017 , respectively.
Loan Commitments	NOTIONAL AMOUNTS OF LOAN COMMITMENTS (In millions) June 30, 2018 December 31, 2017 Ordinary course of business lending commitments(a) $ 1,052 $ 1,105 Unused revolving credit lines 149 198 (a) Excluded investment commitments of $ 731 million and $ 677 million at June 30, 2018 and December 31, 2017 , respectively.
Fair Value of Derivative Assets	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 June 30, 2018 December 31, 2017 (In millions) Assets Liabilities Assets Liabilities Derivatives accounted for as hedges Interest rate contracts $ 1,452 $ 267 $ 1,862 $ 148 Currency exchange contracts 181 93 160 70 1,632 360 2,021 218 Derivatives not accounted for as hedges Interest rate contracts 37 2 93 8 Currency exchange contracts 1,514 2,864 1,111 2,043 Other contracts 74 108 139 91 1,625 2,975 1,343 2,143 Gross derivatives recognized in statement of financial position Gross derivatives 3,257 3,334 3,364 2,361 Gross accrued interest 273 (12 ) 469 (38 ) 3,530 3,322 3,833 2,323 Amounts offset in statement of financial position Netting adjustments(a) (2,044 ) (2,043 ) (1,457 ) (1,456 ) Cash collateral(b) (955 ) (763 ) (1,529 ) (578 ) (2,999 ) (2,807 ) (2,986 ) (2,034 ) Net derivatives recognized in statement of financial position Net derivatives 530 515 847 289 Amounts not offset in statement of financial position Securities held as collateral(c) (102 ) — (405 ) — Net amount $ 429 $ 515 $ 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 June 30, 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 $218 million and $425 million at June 30, 2018 , respectively, and $10 million and $255 million at December 31, 2017 , respectively. Excess cash collateral posted includes initial margin for cleared trades. (c) Excluded excess securities collateral received of $7 million and $16 million at June 30, 2018 and December 31, 2017 , respectively.
Fair Value of Derivative Liabilities	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 June 30, 2018 December 31, 2017 (In millions) Assets Liabilities Assets Liabilities Derivatives accounted for as hedges Interest rate contracts $ 1,452 $ 267 $ 1,862 $ 148 Currency exchange contracts 181 93 160 70 1,632 360 2,021 218 Derivatives not accounted for as hedges Interest rate contracts 37 2 93 8 Currency exchange contracts 1,514 2,864 1,111 2,043 Other contracts 74 108 139 91 1,625 2,975 1,343 2,143 Gross derivatives recognized in statement of financial position Gross derivatives 3,257 3,334 3,364 2,361 Gross accrued interest 273 (12 ) 469 (38 ) 3,530 3,322 3,833 2,323 Amounts offset in statement of financial position Netting adjustments(a) (2,044 ) (2,043 ) (1,457 ) (1,456 ) Cash collateral(b) (955 ) (763 ) (1,529 ) (578 ) (2,999 ) (2,807 ) (2,986 ) (2,034 ) Net derivatives recognized in statement of financial position Net derivatives 530 515 847 289 Amounts not offset in statement of financial position Securities held as collateral(c) (102 ) — (405 ) — Net amount $ 429 $ 515 $ 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 June 30, 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 $218 million and $425 million at June 30, 2018 , respectively, and $10 million and $255 million at December 31, 2017 , respectively. Excess cash collateral posted includes initial margin for cleared trades. (c) Excluded excess securities collateral received of $7 million and $16 million at June 30, 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 June 30 Six months ended June 30 (In millions) Effect on hedging instrument Effect on underlying Effect on earnings (a) Effect on hedging instrument Effect on underlying Effect on earnings 2018 Cash flow hedges $ (161 ) $ 162 $ — $ (19 ) $ 20 $ 1 Fair value hedges (225 ) 195 (30 ) (922 ) 866 (56 ) Net investment hedges(b) 816 (810 ) 6 213 (205 ) 8 Economic hedges(c) (1,248 ) 1,244 (3 ) (783 ) 670 (113 ) Total $ (27 ) $ (160 ) 2017 Cash flow hedges $ 34 $ (34 ) $ — $ 56 $ (56 ) $ — Fair value hedges (57 ) 2 (56 ) (282 ) 164 (118 ) Net investment hedges(b) (487 ) 490 3 (1,050 ) 1,063 13 Economic hedges(c) 979 (1,180 ) (200 ) 641 (956 ) (315 ) Total $ (253 ) $ (420 ) 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 $(20,750) million and $(24,232) million at June 30, 2018 and 2017, respectively. Total pre-tax reclassifications from CTA to gain (loss) was zero and $59 million at June 30, 2018 and 2017, respectively. Total pre-tax reclassifications from CTA to gain (loss) included zero and $59 million recorded in discontinued operations at June 30, 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 June 30 for the three months ended June 30 (In millions) 2018 2017 2016 2018 2017 2016 Interest rate contracts $ (3 ) $ 3 $ 12 $ (4 ) $ (6 ) $ (26 ) Currency exchange contracts (158 ) 32 1 (68 ) 71 40 Commodity contracts — (2 ) (1 ) — — (1 ) Total(a) $ (162 ) $ 34 $ 12 $ (72 ) $ 65 $ 14 CASH FLOW HEDGE ACTIVITY Gain (loss) recognized in AOCI Gain (loss) reclassified for the six months ended June 30 for the six months ended June 30 (In millions) 2018 2017 2016 2018 2017 2016 Interest rate contracts $ (7 ) $ 2 $ 31 $ (6 ) $ (15 ) $ (55 ) Currency exchange contracts (13 ) 54 (77) (1 ) 79 (13 ) Commodity contracts — — — — — (3 ) Total(a) $ (20 ) $ 56 $ (45 ) $ (7 ) $ 64 $ (71 ) (a) Gain (loss) is recorded in "GE Capital revenues from services", "Interest and other financial charges", "Sales of goods", "Cost of goods sold" and "Other costs and expenses" in our Statement of Earnings when reclassified.

VARIABLE INTEREST ENTITIES (Tab

VARIABLE INTEREST ENTITIES (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 2018 Assets Financing receivables, net $ — $ — $ 1,003 $ 1,003 Current receivables 76 418 — 494 Other assets 524 1,012 1,271 2,807 Total $ 600 $ 1,429 $ 2,274 $ 4,304 Liabilities Borrowings $ 44 $ — $ 1,154 $ 1,198 Non-recourse borrowings — 610 14 624 Other liabilities 257 663 584 1,504 Total $ 301 $ 1,274 $ 1,751 $ 3,326 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)	6 Months Ended
	Jun. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
Schedule of Product Warranties	An analysis of changes in the liability for product warranties follows. Six months ended June 30 (In millions) 2018 2017 Balance at January 1 $ 2,348 $ 1,929 Current-year provisions 371 354 Expenditures (452 ) (412 ) Other changes(a) 142 108 Balance as of June 30 $ 2,410 $ 1,979 ( a) Primarily includes effect of currency exchange and acquisitions.
Rollforward of the Reserve	ROLLFORWARD OF THE RESERVE RELATED TO REPURCHASE CLAIMS Three months ended June 30 Six months ended June 30 (In millions) 2018 2017 2018 2017 Balance, beginning of period $ 342 $ 626 $ 416 $ 626 Provision 5 10 5 10 Claim resolutions / rescissions (53 ) — (127 ) — Balance, end of period $ 294 $ 636 $ 294 $ 636

CASH FLOWS INFORMATION (Tables)

CASH FLOWS INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2018
Supplemental Cash Flow Information [Abstract]
Cash Flows Information	Certain supplemental information related to our cash flows is shown below. GE Six months ended June 30 (In millions) 2018 2017 All other operating activities (Gains) losses on purchases and sales of business interests(a) $ (280 ) $ (42 ) Income taxes(b) (388 ) (482 ) Principal pension plans(c) 1,052 1,542 Other postretirement benefit plans(d) (669 ) (279 ) Restructuring and other charges(e) 403 584 Other(f) (2,119 ) (2,018 ) $ (2,001 ) $ (696 ) All other investing activities Derivative settlements (net)(g) $ (489 ) $ — Investments in intangible assets (net) (533 ) (363 ) Other 136 (164 ) $ (886 ) $ (527 ) Net dispositions (purchases) of GE shares for treasury Open market purchases under share repurchase program $ (134 ) $ (3,325 ) Other purchases (9 ) (19 ) Dispositions 136 612 $ (6 ) $ (2,732 ) (a) Included a pre-tax gain on sales of businesses reclassified to Proceeds from principal business dispositions within Cash flows from investing activities of $(305) million for Industrial Solutions in the six months ended June 30, 2018 . See Note 2. (b) Reflected the effects of current tax expense of $484 million and $810 million and net cash paid during the year for income taxes of $(873) million and $(1,292) million for the six months ended June 30 , 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 $2,094 million and $1,869 million and employer contributions of $(1,042) million and $(327) million for the six months ended June 30 , 2018 and 2017, respectively. See Note 13. (d) Reflected the effects of other postretirement plans costs (income) of $(95) million and $197 million and employer contributions of $(574) million and $(476) million for the six months ended June 30 , 2018 and 2017, respectively. See Note 13. (e) Reflected the effects of restructuring and other charges of $1,225 million and $1,603 million and restructuring and other cash expenditures of $(822) million and $(1,019) million for the six months ended June 30 , 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 adjustments to net income, such as cash and non-cash gains and losses from other investments and sales of intangible assets, write-downs of assets, 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 $(512) million in the six months ended June 30 , 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)	6 Months Ended
	Jun. 30, 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. Six months ended June 30 (In millions) 2018 2017 Cash from (used for) operating activities-continuing operations Combined $ (927 ) $ 5,550 GE current receivables sold to GE Capital 3,115 1,301 GE Capital dividends to GE — (4,016 ) Other reclassifications and eliminations(a) 52 95 Total cash from (used for) operating activities-continuing operations $ 2,240 $ 2,930 Cash from (used for) investing activities-continuing operations Combined $ 5,696 $ 3,190 GE current receivables sold to GE Capital (4,093 ) (1,612 ) GE Capital long-term loans to GE 920 4,075 GE Capital short-term loan to GE — (1,329 ) Other reclassifications and eliminations(a) 143 73 Total cash from (used for) investing activities-continuing operations $ 2,665 $ 4,397 Cash from (used for) financing activities-continuing operations Combined $ (20,778 ) $ (13,502 ) GE current receivables sold to GE Capital 978 311 GE Capital dividends to GE — 4,016 GE Capital long-term loans to GE (920 ) (4,075 ) GE Capital short-term loan to GE — 1,329 Other reclassifications and eliminations(a) (194 ) (168 ) Total cash from (used for) financing activities-continuing operations $ (20,913 ) $ (12,089 ) (a) Includes eliminations of other cash flows activities, including financing of long-term receivables of $737 million and $(347) million in the six months ended June 30, 2018 and 2017 respectively, and various investments, loans and allocations of GE corporate overhead costs.

GUARANTOR FINANCIAL INFORMATI51

GUARANTOR FINANCIAL INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2018
Condensed Financial Information Disclosure [Abstract]
Condensed Consolidating Statement of Earnings (Loss) and Comprehensive Income (Loss)	CONDENSED CONSOLIDATING STATEMENT OF EARNINGS (LOSS) AND COMPREHENSIVE INCOME (LOSS) FOR THE THREE MONTHS ENDED JUNE 30, 2018 (UNAUDITED) (in millions) Parent Company Guarantor Subsidiary Issuer Subsidiary Guarantor Non- Guarantor Subsidiaries Consolidating Adjustments Consolidated Revenues Sales of goods and services $ 7,947 $ — $ — $ 41,000 $ (20,854 ) $ 28,093 GE Capital revenues from services — 233 326 2,593 (1,141 ) 2,011 Total revenues 7,947 233 326 43,593 (21,995 ) 30,104 Costs and expenses Interest and other financial charges 1,868 230 617 1,381 (2,801 ) 1,295 Other costs and expenses 11,692 — — 38,372 (21,722 ) 28,341 Total costs and expenses 13,560 230 617 39,753 (24,523 ) 29,636 Other income (loss) 1,621 — — 2,970 (3,727 ) 864 Equity in earnings (loss) of affiliates 4,442 — (127 ) 12,249 (16,563 ) — Earnings (loss) from continuing operations before income taxes 450 3 (418 ) 19,059 (17,763 ) 1,331 Benefit (provision) for income taxes 471 — — (1,162 ) 150 (542 ) Earnings (loss) from continuing operations 921 3 (418 ) 17,897 (17,613 ) 789 Earnings (loss) from discontinued operations, net of taxes (121 ) — (63 ) — 63 (121 ) Net earnings (loss) 800 3 (482 ) 17,897 (17,550 ) 669 Less net earnings (loss) attributable to noncontrolling interests — — — (116 ) (16 ) (132 ) Net earnings (loss) attributable to the Company 800 3 (482 ) 18,013 (17,534 ) 800 Other comprehensive income (loss) (571 ) — (94 ) (2,509 ) 2,603 (571 ) Comprehensive income (loss) attributable to the Company $ 229 $ 3 $ (575 ) $ 15,503 $ (14,931 ) $ 229 CONDENSED CONSOLIDATING STATEMENT OF EARNINGS (LOSS) AND COMPREHENSIVE INCOME (LOSS) FOR THE THREE MONTHS ENDED JUNE 30, 2017 (UNAUDITED) (in millions) Parent Company Guarantor Subsidiary Issuer Subsidiary Guarantor Non- Guarantor Subsidiaries Consolidating Adjustments Consolidated Revenues Sales of goods and services $ 8,080 $ — $ — $ 37,615 $ (18,621 ) $ 27,075 GE Capital revenues from services — 173 188 2,589 (928 ) 2,022 Total revenues 8,080 173 188 40,204 (19,549 ) 29,097 Costs and expenses Interest and other financial charges 767 159 489 1,221 (1,463 ) 1,174 Other costs and expenses 8,571 — 9 37,570 (19,023 ) 27,126 Total costs and expenses 9,338 159 497 38,791 (20,486 ) 28,300 Other income (loss) 57 — — 28,005 (27,732 ) 330 Equity in earnings (loss) of affiliates 2,028 — 450 13,982 (16,460 ) — Earnings (loss) from continuing operations before income taxes 828 14 141 43,400 (43,255 ) 1,127 Benefit (provision) for income taxes 375 (2 ) — (230 ) (105 ) 38 Earnings (loss) from continuing operations 1,203 12 141 43,170 (43,361 ) 1,164 Earnings (loss) from discontinued operations, net of taxes (146 ) — (5 ) 3 2 (146 ) Net earnings (loss) 1,057 12 136 43,172 (43,359 ) 1,019 Less net earnings (loss) attributable to noncontrolling interests — — — 16 (54 ) (38 ) Net earnings (loss) attributable to the Company 1,057 12 136 43,156 (43,304 ) 1,057 Other comprehensive income (loss) 1,309 — 32 (25,537 ) 25,505 1,309 Comprehensive income (loss) attributable to the Company $ 2,366 $ 12 $ 168 $ 17,619 $ (17,799 ) $ 2,366 CONDENSED CONSOLIDATING STATEMENT OF EARNINGS (LOSS) AND COMPREHENSIVE INCOME (LOSS) FOR THE SIX MONTHS ENDED JUNE 30, 2018 (UNAUDITED) (in millions) Parent Company Guarantor Subsidiary Issuer Subsidiary Guarantor Non- Guarantor Subsidiaries Consolidating Adjustments Consolidated Revenues Sales of goods and services $ 15,651 $ — $ — $ 78,980 $ (39,664 ) $ 54,967 GE Capital revenues from services — 441 551 4,151 (1,346 ) 3,797 Total revenues and other income (loss) 15,651 441 551 83,131 (41,010 ) 58,764 Costs and expenses Interest and other financial charges 3,248 436 1,164 2,645 (4,912 ) 2,580 Other costs and expenses 19,829 — — 76,515 (40,835 ) 55,509 Total costs and expenses 23,077 436 1,163 79,160 (45,746 ) 58,089 Other income (loss) 1,896 — — 1,097 (1,924 ) 1,069 Equity in earnings (loss) of affiliates 7,034 — 493 12,090 (19,617 ) — Earnings (loss) from continuing operations before income taxes 1,503 5 (119 ) 17,159 (16,804 ) 1,744 Benefit (provision) for income taxes (177 ) (1 ) — (562 ) 225 (515 ) Earnings (loss) from continuing operations 1,326 4 (119 ) 16,596 (16,579 ) 1,229 Earnings (loss) from discontinued operations, net of taxes (1,673 ) — (81 ) 1 79 (1,673 ) Net earnings (loss) (347 ) 4 (200 ) 16,597 (16,500 ) (444 ) Less net earnings (loss) attributable to noncontrolling interests — — — (121 ) 24 (98 ) Net earnings (loss) attributable to the Company (347 ) 4 (200 ) 16,719 (16,523 ) (347 ) Other comprehensive income (loss) 971 — (55 ) (1,631 ) 1,686 971 Comprehensive income (loss) attributable to the Company $ 625 $ 4 $ (254 ) $ 15,087 $ (14,837 ) $ 625 CONDENSED CONSOLIDATING STATEMENT OF EARNINGS (LOSS) AND COMPREHENSIVE INCOME (LOSS) FOR THE SIX MONTHS ENDED JUNE 30, 2017 (UNAUDITED) (in millions) Parent Company Guarantor Subsidiary Issuer Subsidiary Guarantor Non- Guarantor Subsidiaries Consolidating Adjustments Consolidated Revenues Sales of goods and services $ 16,872 $ — $ — $ 73,705 $ (38,886 ) $ 51,691 GE Capital revenues from services — 329 374 4,859 (1,275 ) 4,286 Total revenues and other income (loss) 16,872 329 374 78,564 (40,161 ) 55,978 Costs and expenses Interest and other financial charges 1,677 309 943 2,303 (2,920 ) 2,313 Other costs and expenses 18,200 — 22 73,510 (38,615 ) 53,118 Total costs and expenses 19,877 309 965 75,813 (41,534 ) 55,431 Other income (loss) 111 — — 32,625 (32,209 ) 527 Equity in earnings (loss) of affiliates 3,736 — 692 50,664 (55,093 ) — Earnings (loss) from continuing operations before income taxes 843 20 101 86,040 (85,929 ) 1,074 Benefit (provision) for income taxes 519 (2 ) 115 (699 ) 210 142 Earnings (loss) from continuing operations 1,362 17 215 85,341 (85,719 ) 1,217 Earnings (loss) from discontinued operations, net of taxes (388 ) — 278 3 (278 ) (385 ) Net earnings (loss) 974 17 493 85,344 (85,997 ) 832 Less net earnings (loss) attributable to noncontrolling interests — — — (32 ) (110 ) (142 ) Net earnings (loss) attributable to the Company 974 17 493 85,377 (85,887 ) 974 Other comprehensive income (loss) 3,131 — 649 (26,994 ) 26,345 3,131 Comprehensive income (loss) attributable to the Company $ 4,105 $ 17 $ 1,142 $ 58,383 $ (59,542 ) $ 4,105
Condensed Consolidating Statement of Financial Position	CONDENSED CONSOLIDATING STATEMENT OF FINANCIAL POSITION JUNE 30, 2018 (UNAUDITED) (In millions) Parent Company Guarantor Subsidiary Issuer Subsidiary Guarantor Non- Guarantor Subsidiaries Consolidating Adjustments Consolidated Assets Cash, cash equivalents and restricted cash $ 1,852 $ — $ 3 $ 26,452 $ (634 ) $ 27,674 Investment securities — — — 37,429 (818 ) 36,611 Receivables - net 38,831 17,348 32,799 78,684 (131,976 ) 35,686 Inventories 4,790 — — 21,093 (5,411 ) 20,473 Property, plant and equipment - net 5,816 — — 46,488 (1,438 ) 50,866 Investment in subsidiaries(a) 281,298 — 78,171 724,902 (1,084,371 ) — Goodwill and intangible assets 8,374 — — 88,376 5,443 102,193 All other assets 9,503 16 19 225,997 (171,321 ) 64,214 Assets of discontinued operations — — — — 5,053 5,053 Total assets $ 350,465 $ 17,364 $ 110,991 $ 1,249,421 $ (1,385,473 ) $ 342,769 Liabilities and equity Short-term borrowings $ 167,290 $ — $ 47,189 $ 12,832 $ (212,892 ) $ 14,419 Accounts payable 12,833 — — 49,954 (47,762 ) 15,026 Other current liabilities 11,270 9 3 32,525 (6,885 ) 36,922 Long-term and non-recourse borrowings 62,642 15,912 35,007 49,529 (61,936 ) 101,154 All other liabilities 41,361 422 154 66,957 (10,724 ) 98,169 Liabilities of discontinued operations — — — — 1,949 1,949 Total Liabilities 295,396 16,343 82,352 211,797 (338,249 ) 267,639 Redeemable noncontrolling interests — — — 2,513 862 3,376 GE shareowners' equity 55,069 1,021 28,639 1,033,711 (1,063,371 ) 55,069 Noncontrolling interests — — — 1,400 15,285 16,685 Total equity 55,069 1,021 28,639 1,035,111 (1,048,086 ) 71,754 Total liabilities, redeemable noncontrolling interests and equity $ 350,465 $ 17,364 $ 110,991 $ 1,249,421 $ (1,385,473 ) $ 342,769 (a) Included within the subsidiaries of the Subsidiary Guarantor are cash and cash equivalent balances of $8,819 million and net assets of discontinued operations of $3,329 million . CONDENSED CONSOLIDATING STATEMENT OF FINANCIAL POSITION DECEMBER 31, 2017 (In millions) Parent Company Guarantor Subsidiary Issuer Subsidiary Guarantor Non- Guarantor Subsidiaries Consolidating Adjustments Consolidated Assets Cash, cash equivalents and restricted cash $ 3,472 $ — $ 3 $ 41,236 $ (743 ) $ 43,967 Investment securities 1 — — 39,809 (1,113 ) 38,696 Receivables - net 50,923 17,316 32,381 87,776 (147,551 ) 40,846 Inventories 4,587 — — 22,215 (7,383 ) 19,419 Property, plant and equipment - net 5,808 — — 48,516 (450 ) 53,874 Investment in subsidiaries(a) 277,929 — 77,488 715,936 (1,071,353 ) — Goodwill and intangible assets 8,014 — — 90,226 6,002 104,242 All other assets 30,737 16 32 236,771 (205,269 ) 62,288 Assets of discontinued operations — — — — 5,912 5,912 Total assets $ 381,472 $ 17,332 $ 109,904 $ 1,282,485 $ (1,421,948 ) $ 369,245 Liabilities and equity Short-term borrowings $ 191,807 $ — $ 46,033 $ 22,603 $ (236,407 ) $ 24,036 Accounts payable 8,126 — — 77,509 (70,462 ) 15,172 Other current liabilities 11,892 8 3 28,218 (34 ) 40,088 Long-term and non-recourse borrowings 71,023 16,632 34,730 55,367 (67,197 ) 110,556 All other liabilities 42,594 475 128 66,293 (7,694 ) 101,797 Liabilities of discontinued operations — — — — 706 706 Total Liabilities 325,442 17,116 80,894 249,991 (381,088 ) 292,355 Redeemable noncontrolling interests — — — 2,627 764 3,391 GE shareowners' equity 56,030 216 29,010 1,028,311 (1,057,537 ) 56,030 Noncontrolling interests — — — 1,556 15,912 17,468 Total equity 56,030 216 29,010 1,029,867 (1,041,625 ) 73,498 Total liabilities, redeemable noncontrolling interests and equity $ 381,472 $ 17,332 $ 109,904 $ 1,282,485 $ (1,421,948 ) $ 369,245 (a) Included within the subsidiaries of the Subsidiary Guarantor are cash and cash equivalent balances of $15,225 million and net assets of discontinued operations of $4,318 million .
Condensed Consolidating Statement of Cash Flows	CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS SIX MONTHS ENDED JUNE 30, 2018 (UNAUDITED) (In millions) Parent Company Guarantor Subsidiary Issuer Subsidiary Guarantor Non- Guarantor Subsidiaries Consolidating Adjustments Consolidated Cash flows – operating activities Cash from (used for) operating activities - continuing operations $ 12,625 $ (268 ) $ (117 ) $ 8,330 $ (18,330 ) $ 2,240 Cash from (used for) operating activities - discontinued operations (1,673 ) — — 1,381 (1 ) (293 ) Cash from (used for) operating activities 10,952 (268 ) (117 ) 9,711 (18,331 ) 1,947 Cash flows – investing activities Cash from (used for) investing activities – continuing operations 12,523 268 (882 ) (22,097 ) 12,852 2,665 Cash from (used for) investing activities – discontinued operations — — — 151 — 151 Cash from (used for) investing activities 12,523 268 (882 ) (21,946 ) 12,852 2,816 Cash flows – financing activities Cash from (used for) financing activities – continuing operations (25,094 ) — 999 (2,406 ) 5,588 (20,913 ) Cash from (used for) financing activities – discontinued operations — — — — — — Cash from (used for) financing activities (25,094 ) — 999 (2,406 ) 5,588 (20,913 ) Effect of currency exchange rate changes on cash, cash equivalents and restricted cash — — — (285 ) — (285 ) Increase (decrease) in cash, cash equivalents and restricted cash (1,620 ) — — (14,926 ) 110 (16,436 ) Cash, cash equivalents and restricted cash at beginning of year 3,472 — 3 41,993 (743 ) 44,724 Cash, cash equivalents and restricted cash at June 30 1,852 — 3 27,067 (634 ) 28,288 Less cash, cash equivalents and restricted cash of discontinued operations at June 30 — — — (615 ) — (615 ) Cash, cash equivalents and restricted cash of continuing operations at June 30 $ 1,852 $ — $ 3 $ 26,452 $ (634 ) $ 27,674 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS SIX MONTHS ENDED JUNE 30, 2017 (UNAUDITED) (In millions) Parent Company Guarantor Subsidiary Issuer Subsidiary Guarantor Non- Guarantor Subsidiaries Consolidating Adjustments Consolidated Cash flows – operating activities Cash from (used for) operating activities - continuing operations $ 10,330 $ 25 $ 225 $ 105,269 $ (112,919 ) $ 2,930 Cash from (used for) operating activities - discontinued operations (388 ) — — (507 ) — (895 ) Cash from (used for) operating activities 9,942 25 225 104,761 (112,919 ) 2,035 Cash flows – investing activities Cash from (used for) investing activities – continuing operations (24,692 ) (25 ) 608 (52,457 ) 80,963 4,397 Cash from (used for) investing activities – discontinued operations — — — (2,089 ) — (2,089 ) Cash from (used for) investing activities (24,692 ) (25 ) 608 (54,545 ) 80,963 2,309 Cash flows – financing activities Cash from (used for) financing activities – continuing operations 16,447 — (833 ) (60,697 ) 32,994 (12,089 ) Cash from (used for) financing activities – discontinued operations — — — 1,909 — 1,909 Cash from (used for) financing activities 16,447 — (833 ) (58,789 ) 32,994 (10,181 ) Effect of currency exchange rate changes on cash, cash equivalents and restricted cash — — — 538 — 538 Increase (decrease) in cash, cash equivalents and restricted cash 1,697 — 1 (8,035 ) 1,037 (5,299 ) Cash, cash equivalents and restricted cash at beginning of year 2,729 — 41 49,204 (1,590 ) 50,384 Cash, cash equivalents and restricted cash at June 30 4,426 — 42 41,169 (552 ) 45,085 Less cash, cash equivalents and restricted cash of discontinued operations at June 30 — — — 526 — 526 Cash, cash equivalents and restricted cash of continuing operations at June 30 $ 4,426 $ — $ 42 $ 40,643 $ (552 ) $ 44,559

SEGMENT OPERATIONS (Tables)

SEGMENT OPERATIONS (Tables)	6 Months Ended
	Jun. 30, 2018
Segment Reporting [Abstract]
Summary of Operating Segments	SUMMARY OF OPERATING SEGMENTS Three months ended June 30 Six months ended June 30 (In millions) 2018 2017 V% 2018 2017 V% Revenues Power(a) $ 7,579 $ 9,400 (19) % $ 14,801 $ 17,341 (15 )% Renewable Energy 1,653 2,312 (29) % 3,299 4,079 (19 )% Oil & Gas 5,554 2,997 85 % 10,939 6,083 80 % Aviation 7,519 6,634 13 % 14,631 13,307 10 % Healthcare 4,978 4,688 6 % 9,680 8,993 8 % Transportation 942 1,077 (13) % 1,814 2,057 (12 )% Lighting(a) 431 473 (9) % 887 935 (5 )% Total industrial segment revenues 28,657 27,582 4 % 56,052 52,795 6 % Capital 2,429 2,446 (1) % 4,602 5,127 (10 )% Total segment revenues 31,085 30,028 4 % 60,654 57,923 5 % Corporate items and eliminations (982 ) (932 ) (1,890 ) (1,945 ) Consolidated revenues $ 30,104 $ 29,097 3 % $ 58,764 $ 55,978 5 % Segment profit (loss) Power(a) $ 421 $ 994 (58) % $ 694 $ 1,432 (52 )% Renewable Energy 82 158 (48) % 159 228 (30 )% Oil & Gas(b) 73 120 (39) % (70 ) 380 U Aviation 1,475 1,374 7 % 3,078 2,647 16 % Healthcare 926 826 12 % 1,660 1,487 12 % Transportation 155 183 (15) % 285 278 3 % Lighting(a) 24 17 41 % 26 27 (4 )% Total industrial segment profit 3,157 3,673 (14) % 5,832 6,480 (10 )% Capital (207 ) (172 ) (20) % (422 ) (219 ) (93 )% Total segment profit (loss) 2,950 3,502 (16) % 5,410 6,261 (14 )% Corporate items and eliminations (309 ) (1,120 ) (962 ) (2,522 ) GE interest and other financial charges (690 ) (637 ) (8) % (1,333 ) (1,200 ) (11 )% GE non-operating benefit costs (690 ) (552 ) (25) % (1,374 ) (1,201 ) (14 )% GE benefit (provision) for income taxes (525 ) (165 ) U (637 ) (188 ) U Earnings (loss) from continuing operations attributable to GE common shareowners 736 1,028 (28) % 1,105 1,150 (4 )% Earnings (loss) from discontinued operations, net of taxes (121 ) (146 ) 17 % (1,673 ) (385 ) U Less net earnings attributable to noncontrolling interests, discontinued operations — 7 U — 7 U Earnings (loss) from discontinued operations, net of tax and noncontrolling interest (121 ) (152 ) 20 % (1,673 ) (392 ) U Consolidated net earnings (loss) attributable to the GE common shareowners $ 615 $ 875 (30) % $ (568 ) $ 758 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 profit excluding restructuring and other charges* was $222 million and $402 million for the three and six months ended June 30, 2018. *Non-GAAP Financial Measure

BASIS OF PRESENTATION AND SUM53

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($) $ in Millions		3 Months Ended			6 Months Ended			12 Months Ended
		Jun. 30, 2018		Jun. 30, 2017	Jun. 30, 2018		Jun. 30, 2017	Dec. 31, 2017		Dec. 31, 2016	Dec. 31, 2015
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Retained earnings		$ 114,913			$ 114,913			$ 117,245
Earnings (loss) from continuing operations		(789)		$ (1,164)	(1,229)		$ (1,217)
Assets	[1]	(342,769)			(342,769)			(369,245)
Cash and restricted cash		$ 27,674	[2]	44,559	27,674	[2]	44,559	$ 43,967	[2]
Cash flows from operating activities					(1,947)		(2,035)
Cash flows from investing activities					$ 2,816		2,309
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 2016-16
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Retained earnings								464
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 2015-11
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Retained earnings								(377)			$ (105)
Earnings (loss) from continuing operations				$ (13)			$ (28)	$ (124)		$ (147)
[1]	Our consolidated assets at June 30, 2018 included total assets of $4,051 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 $1,428 million within continuing operations and assets of discontinued operations of $275 million. Our consolidated liabilities at June 30, 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 $(624) million within continuing operations. See Note 18.
[2]	Includes restricted cash of $725 million and $668 million at June 30, 2018 and December 31, 2017, respectively.

BUSINESSES HELD FOR SALE AND 54

BUSINESSES HELD FOR SALE AND DISCONTINUED OPERATIONS - Narrative (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2018	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
Held for Sale, Not Discontinued Operation
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cumulative pre-tax loss on the planned disposals	$ 1,132
Cumulative loss on planned disposals, net of tax	1,087
Held for Sale, Not Discontinued Operation | Power | Industrial Solutions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Liquidation of valuation allowance	546
Pre-tax gain on disposal	238
After-tax gain recognized	13
Consideration received	$ 2,420

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	Jun. 30, 2018	Dec. 31, 2017
Assets
Assets	$ 5,053	$ 5,912
Liabilities
Liabilities	1,949	706
GE Capital
Assets
Assets	5,053	5,912
Liabilities
Liabilities	1,872	683
GE Capital | Affiliated Entity
Assets
Current receivables	332	366
Held for Sale, Not Discontinued Operation
Assets
Current receivables	414	612
Inventories	687	931
Property, plant, and equipment – net	709	931
Goodwill	2,410	1,619
Other intangible assets – net	403	403
Contract assets	741	619
Valuation allowance on disposal group classified as held for sale	(530)	(1,000)
Other assets	71	49
Assets	4,905	4,164
Liabilities
Accounts payable	498	602
Progress collections and deferred income	349	179
Non-current compensation and benefits	46	162
Other liabilities	304	305
Liabilities	$ 1,198	$ 1,248

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		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Disposal
Earnings (loss) from discontinued operations, net of taxes and noncontrolling interests	$ (121)	$ (146)	$ (1,673)	$ (385)
Assets
Assets	5,053		5,053		$ 5,912
Liabilities
Liabilities	1,949		1,949		706
GE Capital
Disposal
Earnings (loss) from discontinued operations, net of taxes and noncontrolling interests	(66)	(146)	(1,618)	(388)
Assets
Assets	5,053		5,053		5,912
Liabilities
Liabilities	1,872		1,872		683
Discontinued Operations
Operations
Total revenues and other income (loss)	4	9	(1,468)	88
Earnings (loss) from discontinued operations before income taxes	(156)	(216)	(1,730)	(412)
Benefit (provision) for income taxes	35	66	54	128
Earnings (loss) from discontinued operations, net of taxes	(121)	(150)	(1,676)	(284)
Disposal
Gain (loss) on disposal before income taxes	0	8	4	(19)
Benefit (provision) for income taxes	0	(3)	(1)	(81)
Gain (loss) on disposal, net of taxes	0	4	3	(100)
Earnings (loss) from discontinued operations, net of taxes and noncontrolling interests	(121)	(146)	(1,673)	(385)
Earnings (loss) from discontinued operations	(156)	(215)	(1,726)	(438)
Assets
Cash, cash equivalents and restricted cash	615		615		757
Investment securities	425		425		647
Deferred income taxes	885		885		951
Financing receivables held for sale	2,912		2,912		3,215
Other assets	217		217		342
Assets	5,053		5,053		5,912
Liabilities
Accounts payable	47		47		51
Borrowings	0		0		1
Other liabilities	1,903		1,903		654
Liabilities	1,949		1,949		$ 706
Discontinued Operations | GE Capital
Disposal
Current tax benefit (provision) for discontinued operations and disposals	132	253	123	(323)
Deferred tax benefit (provision)	(97)	(190)	(70)	370
Discontinued Operations | GE Capital | U.S. Federal
Disposal
Current tax benefit (provision) for discontinued operations and disposals	$ 37	$ 68	$ 61	$ (519)

INVESTMENT SECURITIES - Schedul

INVESTMENT SECURITIES - Schedule of Investment Securities (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Debt Securities, Available-for-sale [Line Items]
Amortized cost						$ 34,246
Gross unrealized gains						4,564
Gross unrealized losses						(114)
Estimated fair value						38,696
Gross unrealized gains		$ 3,107		$ 3,107
Gross unrealized losses		(422)		(422)
Equity securities		559		559
Amortized cost		33,926		33,926
Estimated fair value		36,611		36,611
Investment securities		36,611		36,611		38,696
Net unrealized gains (losses) recorded to earnings		293	$ 29	276	$ 29
GE
Debt Securities, Available-for-sale [Line Items]
Equity securities		524		524		141
Investment securities	[1]	928		928		569
U.S. corporate
Debt Securities, Available-for-sale [Line Items]
Amortized cost						20,104
Gross unrealized gains						3,775
Gross unrealized losses						(35)
Estimated fair value						23,843
Amortized cost		22,052		22,052
Gross unrealized gains		2,537		2,537
Gross unrealized losses		(235)		(235)
Estimated fair value		24,354		24,354
Non-U.S. corporate
Debt Securities, Available-for-sale [Line Items]
Amortized cost						5,455
Gross unrealized gains						86
Gross unrealized losses						(13)
Estimated fair value						5,528
Amortized cost		2,827		2,827
Gross unrealized gains		63		63
Gross unrealized losses		(37)		(37)
Estimated fair value		2,852		2,852
State and municipal
Debt Securities, Available-for-sale [Line Items]
Amortized cost						3,775
Gross unrealized gains						534
Gross unrealized losses						(40)
Estimated fair value						4,269
Amortized cost		3,653		3,653
Gross unrealized gains		393		393
Gross unrealized losses		(56)		(56)
Estimated fair value		3,990		3,990
Mortgage and asset-backed
Debt Securities, Available-for-sale [Line Items]
Amortized cost						2,820
Gross unrealized gains						81
Gross unrealized losses						(23)
Estimated fair value						2,878
Amortized cost		3,260		3,260
Gross unrealized gains		50		50
Gross unrealized losses		(66)		(66)
Estimated fair value		3,244		3,244
Government and agencies
Debt Securities, Available-for-sale [Line Items]
Amortized cost						1,927
Gross unrealized gains						75
Gross unrealized losses						(2)
Estimated fair value						2,000
Amortized cost		1,576		1,576
Gross unrealized gains		64		64
Gross unrealized losses		(27)		(27)
Estimated fair value		$ 1,612		$ 1,612
Equity
Debt Securities, Available-for-sale [Line Items]
Amortized cost						166
Gross unrealized gains						12
Gross unrealized losses						0
Estimated fair value						$ 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		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Equity securities without readily determinable fair values	$ 594		$ 594
Upward adjustment	35		43
Impairment loss	10		15
Gross realized gains on debt securities	9	$ 14	22	$ 109
Gross realized losses	(3)	(2)	(3)	(3)
Proceeds from investment securities sales and early redemptions by issuers	385	$ 701	706	$ 1,774
Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments	$ 4,268		$ 4,268		$ 4,413

INVESTMENT SECURITIES - Estimat

INVESTMENT SECURITIES - Estimated Fair Value and Gross Unrealized Losses (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Estimated fair value
Less than 12 months	$ 9,210	$ 3,093
12 months or more	2,623	4,949
Gross unrealized losses
Less than 12 months	(282)	(23)
12 months or more	(140)	(91)
U.S. corporate
Estimated fair value
Less than 12 months	5,536	502
12 months or more	566	605
Gross unrealized losses
Less than 12 months	(170)	(6)
12 months or more	(65)	(30)
Non-U.S. corporate
Estimated fair value
Less than 12 months	1,043	1,169
12 months or more	1,282	3,685
Gross unrealized losses
Less than 12 months	(33)	(4)
12 months or more	(5)	(10)
State and municipal
Estimated fair value
Less than 12 months	317	48
12 months or more	282	272
Gross unrealized losses
Less than 12 months	(6)	(1)
12 months or more	(50)	(39)
Mortgage and asset-backed
Estimated fair value
Less than 12 months	1,826	979
12 months or more	384	318
Gross unrealized losses
Less than 12 months	(47)	(11)
12 months or more	(19)	(12)
Government and agencies
Estimated fair value
Less than 12 months	488	395
12 months or more	109	69
Gross unrealized losses
Less than 12 months	(26)	(2)
12 months or more	$ (1)	$ 0

INVESTMENT SECURITIES - Contrac

INVESTMENT SECURITIES - Contractual Maturities (Details) $ in Millions	Jun. 30, 2018USD ($)
Amortized cost
Within one year	$ 1,903
After one year through five years	3,098
After five years through ten years	6,268
After ten years	18,900
Estimated fair value
Within one year	1,910
After one year through five years	3,192
After five years through ten years	6,673
After ten years	$ 21,105

CURRENT RECEIVABLES - Schedule

CURRENT RECEIVABLES - Schedule of Receivables (Details) - USD ($) $ in Millions		6 Months Ended	12 Months Ended
		Jun. 30, 2018	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current receivables		$ 21,715	$ 25,282
Allowance for losses		(918)	(1,073)
Total		20,797	24,209
Outstanding balance of current receivables		2,694	2,541
GE Capital
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total		0	0
Outstanding balance of current receivables		1,641	1,621
Receivables Facility
Accounts, Notes, Loans and Financing Receivable [Line Items]
Deferred purchase price receivable		413	388
Outstanding balance of current receivables		3,332	3,222
Maximum exposure to under limited recourse arrangements		50	90
GE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current receivables		15,438	15,693
Allowance for losses		(901)	(1,055)
Total	[1]	14,537	14,638
GE Industrial customer receivables sold to a GE Capital affiliate		7,025	10,370
GE current receivables balances, before allowance for losses		$ 10,518	$ 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 - Receivabl

CURRENT RECEIVABLES - Receivables Facility (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Related Party Transaction [Line Items]
Cash collections on previously sold current receivables			$ 11,245,000,000
Transferred receivables that remain outstanding	$ 2,694,000,000		2,694,000,000		$ 2,541,000,000
Revenues	30,104,000,000	$ 29,097,000,000	58,764,000,000	$ 55,978,000,000
Purchasing Entities
Related Party Transaction [Line Items]
Purchase of newly originated current receivables			11,204,000,000
Increase in DPP obligation			94,000,000
GE Capital | Servicing Fees
Related Party Transaction [Line Items]
Revenues			16,000,000
Affiliated Entity | GE Industrial customer receivables sold to GE Capital
Related Party Transaction [Line Items]
Current receivables sold to GE Capital			11,355,000,000
Loss resulting from discount on sale of receivables			69,000,000
Receivables Facility
Related Party Transaction [Line Items]
Revolving receivables facility	3,750,000,000		3,750,000,000
Cash collections on previously sold current receivables			10,009,000,000
Amount reinvested by the purchasing entities	69,000,000		69,000,000
Transferred receivables that remain outstanding	$ 3,332,000,000		$ 3,332,000,000		$ 3,222,000,000

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Inventory Disclosure [Abstract]
Raw materials and work in process	$ 10,812	$ 10,131
Finished goods	9,427	8,847
Unbilled shipments	234	441
Total Inventories	$ 20,473	$ 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	Jun. 30, 2018	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables – net	$ 8,384	$ 10,336
Financing Receivables Portfolio Segment | Affiliated Entity
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables, net of deferred income	16,430	22,018
Allowance for losses	(38)	(51)
Financing receivables – net	16,392	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	13,371	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	$ 3,059	$ 4,614

GE CAPITAL FINANCING RECEIVAB65

GE CAPITAL FINANCING RECEIVABLES AND ALLOWANCE FOR LOSSES ON FINANCING RECEIVABLES - Narrative (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable	$ 8,384	$ 10,336
Energy Financial Services
Accounts, Notes, Loans and Financing Receivable [Line Items]
Write-offs on financing receivables	14	156
Guaranteed loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses	160	161
Investment in financing leases, net of deferred income | Energy Financial Services
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables classified as held for sale	1,986	2,231
Pre-tax provision for losses on financing receivables	14	137
GE Capital | Healthcare
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables classified as held for sale	1,434
Write-offs on financing receivables	7
Financing Receivables Portfolio Segment | GE Capital | Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables on nonaccrual	248	239
Receivables with recourse	2,248	4,148
Financing receivable	1,100	1,141
Financing Receivables Portfolio Segment | Affiliated Entity
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables on nonaccrual	$ 304	$ 252
Percent of financing receivables on nonaccrual	1.90%	1.10%
Nonaccrual financing receivables currently paying in accordance with contractual terms	$ 194
Recorded investment in impaired loans	350	$ 286
Troubled debt restructurings included in impaired loans	133
Financing receivable	16,392	21,967
Allowance for loan losses	38	51
Financing Receivables Portfolio Segment | Affiliated Entity | Greater than 30 days past due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables past due	$ 779	$ 550
Percent of financing receivables over 30 days past due	4.70%	2.50%
Financing Receivables Portfolio Segment | Affiliated Entity | Equal to or greater than 90 days past due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables past due	$ 387	$ 140
Percent of financing receivables over 90 days past due	2.40%	0.60%

PROPERTY, PLANT AND EQUIPMENT66

PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Property, Plant and Equipment [Abstract]
Original cost	$ 87,216		$ 87,216		$ 89,607
Less accumulated depreciation and amortization	(36,350)		(36,350)		(35,733)
Property, plant and equipment – net	50,866		50,866		$ 53,874
Consolidated depreciation and amortization on property, plant and equipment	$ 1,395	$ 1,125	$ 2,695	$ 2,318

ACQUISITIONS, GOODWILL AND OT67

ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS - LM Wind Power (Details) - USD ($) $ in Millions	Apr. 20, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Business Acquisition [Line Items]
Purchase price		$ 0	$ 2,643
Goodwill		$ 82,464		$ 83,968
LM Wind Power
Business Acquisition [Line Items]
Purchase price	$ 1,700
Goodwill	1,593
Amortizable intangible assets	$ 206

ACQUISITIONS, GOODWILL AND OT68

ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS - Baker Hughes (Details) - USD ($) $ / shares in Units, $ in Millions	Jul. 03, 2017	Jun. 30, 2018	Dec. 31, 2017
BHGE
Business Acquisition [Line Items]
Increase (decrease) to additional paid in capital		$ 94	$ (126)
Increase in goodwill		787
Reduction in fair value of property, plant and equipment		362
Reduction to fair value of equity method investments		228
Reduction in intangible assets		123
Increase in other liabilities		315
Deferred tax adjustments to goodwill		251
Cumulative decrease to depreciation and amortization expense		$ 33
BHGE | GE
Business Acquisition [Line Items]
Cash consideration	$ 7,498
Ownership interest acquired (as a percent)	62.50%
Total consideration	$ 24,798
Noncontrolling interest	$ 16,235
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	35
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	Jun. 30, 2018	Dec. 31, 2017
Business Acquisition [Line Items]
Goodwill		$ 82,464	$ 83,968
Baker Hughes
Business Acquisition [Line Items]
Cash and cash equivalents	$ 4,133
Accounts receivable	2,342
Inventories	1,712
Property, plant, and equipment - net	4,514
Other intangible assets - net	4,005
All other assets	1,335
Accounts payable	(1,245)
Borrowings	(3,370)
Deferred taxes	(249)
All other liabilities	(2,487)
Total identifiable net assets	10,690
Fair value of existing noncontrolling interest	(35)
Goodwill	14,143
Total allocated purchase price	24,798
Increase to deferred taxes primarily related to fair value adjustments to identifiable assets and liabilities	980
Tax asset associated with the recognition of foreign tax credits	$ 553

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	$ 4,005
Trade name
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	$ 1,240
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	$ 45
Estimated useful life (in years)	10 years
Capitalized software
Acquired Finite-Lived Intangible Assets [Line Items]
Finite lived intangibles, estimated fair value	$ 64
Estimated useful life (in years)	2 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		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Business Combinations [Abstract]
Integration and acquisition costs	$ 50	$ 85	$ 96	$ 151

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		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Business Acquisition [Line Items]
Revenues	$ 30,104	$ 31,499	$ 58,764	$ 60,640
Earnings (loss) from continuing operations	$ 832	$ 1,014	$ 1,311	$ 982

ACQUISITIONS, GOODWILL AND OT75

ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS - Changes in Goodwill Balances (Details) $ in Millions	6 Months Ended
	Jun. 30, 2018USD ($)
Goodwill
Balance at beginning of period	$ 83,968
Acquisitions	0
Dispositions, currency exchange and other	(1,504)
Balance at end of period	82,464
Operating Segments | Power
Goodwill
Balance at beginning of period	25,269
Acquisitions	0
Dispositions, currency exchange and other	(2,083)
Balance at end of period	23,186
Operating Segments | Renewable Energy
Goodwill
Balance at beginning of period	4,093
Acquisitions	0
Dispositions, currency exchange and other	(31)
Balance at end of period	4,062
Operating Segments | Oil & Gas
Goodwill
Balance at beginning of period	23,943
Acquisitions	0
Dispositions, currency exchange and other	673
Balance at end of period	24,616
Operating Segments | Aviation
Goodwill
Balance at beginning of period	10,008
Acquisitions	0
Dispositions, currency exchange and other	(36)
Balance at end of period	9,972
Operating Segments | Healthcare
Goodwill
Balance at beginning of period	17,306
Acquisitions	0
Dispositions, currency exchange and other	(35)
Balance at end of period	17,272
Operating Segments | Transportation
Goodwill
Balance at beginning of period	902
Acquisitions	0
Dispositions, currency exchange and other	(8)
Balance at end of period	894
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	15
Balance at end of period	$ 1,478

ACQUISITIONS, GOODWILL AND OT76

ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS - Goodwill (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Business Combinations [Abstract]
Decrease in goodwill balances	$ 1,504
Goodwill [Line Items]
Goodwill	$ 82,464	$ 83,968
Power | Power Generation Reporting Unit
Goodwill [Line Items]
Fair value in excess of carrying value, percentage	10.00%
Goodwill	$ 19,041
Percentage of total goodwill	23.00%
Power | Grid Solutions Reporting Unit
Goodwill [Line Items]
Fair value in excess of carrying value, percentage	9.00%
Goodwill	$ 4,586
Percentage of total goodwill	6.00%
Capital | Industrial Finance Reporting Unit
Goodwill [Line Items]
Fair value in excess of carrying value, percentage	12.00%
Goodwill	$ 111

ACQUISITIONS, GOODWILL AND OT77

ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS - Other Intangible Assets - Net (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Business Combinations [Abstract]
Intangible assets subject to amortization	$ 17,499	$ 18,056
Indefinite-lived intangible assets	2,230	2,217
Total	$ 19,728	$ 20,273

ACQUISITIONS, GOODWILL AND OT78

ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS - Intangible Assets Subject to Amortization (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 30,813	$ 30,618
Accumulated amortization	(13,315)	(12,561)
Net	17,499	18,056
Customer-related
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	10,400	10,614
Accumulated amortization	(3,332)	(3,095)
Net	7,070	7,521
Patents and technology
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	10,694	10,271
Accumulated amortization	(4,133)	(3,899)
Net	6,561	6,372
Capitalized software
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	8,137	8,064
Accumulated amortization	(5,167)	(4,974)
Net	2,970	3,089
Trademarks
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	1,181	1,280
Accumulated amortization	(502)	(421)
Net	679	859
Lease valuations
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	161	170
Accumulated amortization	(85)	(80)
Net	77	89
All other
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	239	218
Accumulated amortization	(96)	(92)
Net	$ 142	$ 125

ACQUISITIONS, GOODWILL AND OT79

ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS - Other Intangible Assets, Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Acquired Finite-Lived Intangible Assets [Line Items]
Decrease in intangible assets subject to amortization			$ 557
Amortization of intangible assets			1,171	$ 1,083
GE
Acquired Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 540	$ 530	1,141	1,049
GE Capital
Acquired Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 15	$ 14	30	$ 34
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)	Jun. 30, 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		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Industrial Segment
Disaggregation of Revenue [Line Items]
Total Revenues	$ 28,657	$ 27,582	$ 56,052	$ 52,795
Industrial Segment | Equipment Revenues
Disaggregation of Revenue [Line Items]
Total Revenues	13,245	13,776	26,058	26,628
Industrial Segment | Services Revenues
Disaggregation of Revenue [Line Items]
Total Revenues	15,411	13,806	29,994	26,167
Power
Disaggregation of Revenue [Line Items]
Total Revenues	7,579	9,400	14,801	17,341
Power | Equipment Revenues
Disaggregation of Revenue [Line Items]
Total Revenues	3,513	4,629	7,037	8,813
Power | Services Revenues
Disaggregation of Revenue [Line Items]
Total Revenues	4,066	4,771	7,764	8,527
Renewable Energy
Disaggregation of Revenue [Line Items]
Total Revenues	1,653	2,312	3,299	4,079
Renewable Energy | Equipment Revenues
Disaggregation of Revenue [Line Items]
Total Revenues	1,102	1,922	2,306	3,428
Renewable Energy | Services Revenues
Disaggregation of Revenue [Line Items]
Total Revenues	551	390	993	651
Oil & Gas
Disaggregation of Revenue [Line Items]
Total Revenues	5,554	2,997	10,939	6,083
Oil & Gas | Equipment Revenues
Disaggregation of Revenue [Line Items]
Total Revenues	2,189	1,273	4,417	2,564
Oil & Gas | Services Revenues
Disaggregation of Revenue [Line Items]
Total Revenues	3,366	1,724	6,522	3,519
Aviation
Disaggregation of Revenue [Line Items]
Total Revenues	7,519	6,634	14,631	13,307
Aviation | Equipment Revenues
Disaggregation of Revenue [Line Items]
Total Revenues	2,908	2,350	5,447	4,949
Aviation | Services Revenues
Disaggregation of Revenue [Line Items]
Total Revenues	4,610	4,284	9,183	8,358
Healthcare
Disaggregation of Revenue [Line Items]
Total Revenues	4,978	4,688	9,680	8,993
Healthcare | Equipment Revenues
Disaggregation of Revenue [Line Items]
Total Revenues	2,812	2,634	5,419	4,958
Healthcare | Services Revenues
Disaggregation of Revenue [Line Items]
Total Revenues	2,166	2,054	4,261	4,035
Transportation
Disaggregation of Revenue [Line Items]
Total Revenues	942	1,077	1,814	2,057
Transportation | Equipment Revenues
Disaggregation of Revenue [Line Items]
Total Revenues	305	510	571	1,009
Transportation | Services Revenues
Disaggregation of Revenue [Line Items]
Total Revenues	637	567	1,243	1,048
Lighting
Disaggregation of Revenue [Line Items]
Total Revenues	431	473	887	935
Lighting | Equipment Revenues
Disaggregation of Revenue [Line Items]
Total Revenues	416	457	860	908
Lighting | Services Revenues
Disaggregation of Revenue [Line Items]
Total Revenues	$ 15	$ 16	$ 27	$ 29

REVENUES - Sub-Segment Revenues

REVENUES - Sub-Segment Revenues (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Disaggregation of Revenue [Line Items]
Consolidated Revenues	$ 30,104	$ 29,097	$ 58,764	$ 55,978
Revenues outside the scope of ASC 606	2,011	2,022	3,797	4,286
GE Capital
Disaggregation of Revenue [Line Items]
Revenues outside the scope of ASC 606	2,361	2,389	4,478	5,004
Industrial Segment
Disaggregation of Revenue [Line Items]
Total Revenues	28,657	27,582	56,052	52,795
Power
Disaggregation of Revenue [Line Items]
Total Revenues	7,579	9,400	14,801	17,341
Renewable Energy
Disaggregation of Revenue [Line Items]
Total Revenues	1,653	2,312	3,299	4,079
Oil & Gas
Disaggregation of Revenue [Line Items]
Total Revenues	5,554	2,997	10,939	6,083
Aviation
Disaggregation of Revenue [Line Items]
Total Revenues	7,519	6,634	14,631	13,307
Healthcare
Disaggregation of Revenue [Line Items]
Total Revenues	4,978	4,688	9,680	8,993
Transportation
Disaggregation of Revenue [Line Items]
Total Revenues	942	1,077	1,814	2,057
Lighting
Disaggregation of Revenue [Line Items]
Total Revenues	431	473	887	935
Operating segments
Disaggregation of Revenue [Line Items]
Consolidated Revenues	31,085	30,028	60,654	57,923
Operating segments | Industrial Segment
Disaggregation of Revenue [Line Items]
Total Revenues	28,657	27,582	56,052	52,795
Operating segments | Power
Disaggregation of Revenue [Line Items]
Total Revenues	7,579	9,400	14,801	17,341
Consolidated Revenues	7,579	9,400	14,801	17,341
Operating segments | Power | Gas Power Systems
Disaggregation of Revenue [Line Items]
Total Revenues	1,401	2,106	2,936	4,210
Operating segments | Power | Power Services
Disaggregation of Revenue [Line Items]
Total Revenues	3,178	3,591	6,010	6,200
Operating segments | Power | Steam Power Systems
Disaggregation of Revenue [Line Items]
Total Revenues	529	552	988	927
Operating segments | Power | Energy Connections
Disaggregation of Revenue [Line Items]
Total Revenues	2,304	2,487	4,519	4,686
Operating segments | Power | Other
Disaggregation of Revenue [Line Items]
Total Revenues	167	664	348	1,318
Operating segments | Renewable Energy
Disaggregation of Revenue [Line Items]
Total Revenues	1,653	2,312	3,299	4,079
Consolidated Revenues	1,653	2,312	3,299	4,079
Operating segments | Renewable Energy | Onshore Wind
Disaggregation of Revenue [Line Items]
Total Revenues	1,336	2,062	2,596	3,607
Operating segments | Renewable Energy | Hydro
Disaggregation of Revenue [Line Items]
Total Revenues	176	196	409	383
Operating segments | Renewable Energy | Offshore Wind
Disaggregation of Revenue [Line Items]
Total Revenues	141	54	294	89
Operating segments | Oil & Gas
Disaggregation of Revenue [Line Items]
Total Revenues	5,554	2,997	10,939	6,083
Consolidated Revenues	5,554	2,997	10,939	6,083
Operating segments | Oil & Gas | Turbomachinery & Process Solutions (TPS)
Disaggregation of Revenue [Line Items]
Total Revenues	1,391	1,572	2,839	3,235
Operating segments | Oil & Gas | Oilfield Services (OFS)
Disaggregation of Revenue [Line Items]
Total Revenues	2,884	228	5,561	440
Operating segments | Oil & Gas | Oilfield Equipment (OFE)
Disaggregation of Revenue [Line Items]
Total Revenues	617	681	1,281	1,397
Operating segments | Oil & Gas | Digital Solutions
Disaggregation of Revenue [Line Items]
Total Revenues	662	517	1,258	1,010
Operating segments | Aviation
Disaggregation of Revenue [Line Items]
Total Revenues	7,519	6,634	14,631	13,307
Consolidated Revenues	7,519	6,634	14,631	13,307
Operating segments | Aviation | Commercial Engines & Services
Disaggregation of Revenue [Line Items]
Total Revenues	5,534	4,918	10,806	9,889
Operating segments | Aviation | Military
Disaggregation of Revenue [Line Items]
Total Revenues	1,073	938	2,044	1,867
Operating segments | Aviation | Systems & Other
Disaggregation of Revenue [Line Items]
Total Revenues	911	778	1,780	1,551
Operating segments | Healthcare
Disaggregation of Revenue [Line Items]
Total Revenues	4,978	4,688	9,680	8,993
Consolidated Revenues	4,978	4,688	9,680	8,993
Operating segments | Healthcare | Healthcare Systems
Disaggregation of Revenue [Line Items]
Total Revenues	3,493	3,273	6,824	6,306
Operating segments | Healthcare | Life Sciences
Disaggregation of Revenue [Line Items]
Total Revenues	1,244	1,161	2,369	2,174
Operating segments | Healthcare | Healthcare Digital
Disaggregation of Revenue [Line Items]
Total Revenues	241	253	487	514
Operating segments | Transportation
Disaggregation of Revenue [Line Items]
Total Revenues	942	1,077	1,814	2,057
Consolidated Revenues	942	1,077	1,814	2,057
Operating segments | Transportation | Locomotives
Disaggregation of Revenue [Line Items]
Total Revenues	177	422	348	877
Operating segments | Transportation | Services
Disaggregation of Revenue [Line Items]
Total Revenues	530	486	1,036	891
Operating segments | Transportation | Mining
Disaggregation of Revenue [Line Items]
Total Revenues	137	89	253	136
Operating segments | Transportation | Other
Disaggregation of Revenue [Line Items]
Total Revenues	98	80	178	153
Operating segments | Lighting
Disaggregation of Revenue [Line Items]
Total Revenues	431	473	887	935
Consolidated Revenues	431	473	887	935
Operating segments | Lighting | Current
Disaggregation of Revenue [Line Items]
Total Revenues	268	254	484	487
Operating segments | Lighting | GE Lighting
Disaggregation of Revenue [Line Items]
Total Revenues	163	219	403	449
Operating segments | Capital
Disaggregation of Revenue [Line Items]
Consolidated Revenues	2,429	2,446	4,602	5,127
Corporate items and eliminations
Disaggregation of Revenue [Line Items]
Consolidated Revenues	$ (982)	$ (932)	$ (1,890)	$ (1,945)

REVENUES - Remaining Performanc

REVENUES - Remaining Performance Obligation (Details) $ in Millions	Jun. 30, 2018USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	$ 249,574
Equipment
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	50,982
Services
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	$ 198,592

REVENUES - Remaining Performa84

REVENUES - Remaining Performance Obligation (Percentage and Period) (Details)	Jun. 30, 2018
Equipment | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2018-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation expected to be satisfied (as a percent)	53.00%
Performance obligations expected to be satisfied, expected timing	1 year
Equipment | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation expected to be satisfied (as a percent)	71.00%
Performance obligations expected to be satisfied, expected timing	2 years
Equipment | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation expected to be satisfied (as a percent)	93.00%
Performance obligations expected to be satisfied, expected timing	5 years
Services Revenues | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2018-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation expected to be satisfied (as a percent)	17.00%
Performance obligations expected to be satisfied, expected timing	1 year
Services Revenues | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation expected to be satisfied (as a percent)	54.00%
Performance obligations expected to be satisfied, expected timing	5 years
Services Revenues | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation expected to be satisfied (as a percent)	77.00%
Performance obligations expected to be satisfied, expected timing	10 years
Services Revenues | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2032-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation expected to be satisfied (as a percent)	88.00%
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		Jun. 30, 2018	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Contract and other deferred assets		$ 20,787	$ 20,356
Deferred income		5,043	5,498
GE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		14,076	13,775
Deferred inventory costs		3,453	3,579
Nonrecurring engineering costs		2,128	1,905
Customer advances and other		1,129	1,098
Contract and other deferred assets	[1]	20,787	20,356
Deferred income		3,798	3,911
GE | Long-term product service agreements
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		7,344	6,902
GE | Equipment contract revenue
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		6,733	6,874
GE | Equipment upgrades
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		799	748
Power | GE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		8,067	8,115
Deferred inventory costs		996	1,304
Nonrecurring engineering costs		142	122
Customer advances and other		1	0
Contract and other deferred assets		9,207	9,539
Power | GE | Long-term product service agreements
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		3,821	3,357
Power | GE | Equipment contract revenue
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		4,247	4,757
Aviation | GE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		2,943	2,893
Deferred inventory costs		554	564
Nonrecurring engineering costs		1,834	1,696
Customer advances and other		1,127	1,098
Contract and other deferred assets		6,457	6,251
Aviation | GE | Long-term product service agreements
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		2,527	2,614
Aviation | GE | Equipment contract revenue
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		416	280
Oil & Gas | GE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		1,564	1,612
Deferred inventory costs		244	358
Nonrecurring engineering costs		14	0
Customer advances and other		0	0
Contract and other deferred assets		1,823	1,971
Oil & Gas | GE | Long-term product service agreements
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		505	517
Oil & Gas | GE | Equipment contract revenue
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		1,059	1,095
Renewable Energy | GE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		297	296
Deferred inventory costs		1,288	950
Nonrecurring engineering costs		23	0
Customer advances and other		0	0
Contract and other deferred assets		1,608	1,246
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		297	295
Transportation | GE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		698	488
Deferred inventory costs		36	43
Nonrecurring engineering costs		95	87
Customer advances and other		1	0
Contract and other deferred assets		830	619
Transportation | GE | Long-term product service agreements
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		491	413
Transportation | GE | Equipment contract revenue
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		207	76
Other | GE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		506	371
Deferred inventory costs		335	359
Nonrecurring engineering costs		21	0
Customer advances and other		0	0
Contract and other deferred assets		862	729
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		$ 506	$ 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	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Contractors [Abstract]
Revenue recognized included in contract liability	$ 9,609	$ 9,182
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Increase in contract and other deferred assets	431
Increase in revenue in excess of billings on long-term product service agreements	309
Increase in non-recurring engineering costs	223
Increase (decrease) in revenue in excess of billings for equipment contracts due to timing of revenue recognized for work performed	(141)
Decrease in deferred inventory costs	(126)
Aviation
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Increase in non-recurring engineering costs	138
Increase (decrease) in revenue in excess of billings for equipment contracts due to timing of revenue recognized for work performed	136
Power
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Increase in revenue in excess of billings on long-term product service agreements	241
Increase (decrease) in revenue in excess of billings for equipment contracts due to timing of revenue recognized for work performed	(510)
Decrease in deferred inventory costs	(308)
Healthcare
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Increase (decrease) in revenue in excess of billings for equipment contracts due to timing of revenue recognized for work performed	138
Transportation
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Increase (decrease) in revenue in excess of billings for equipment contracts due to timing of revenue recognized for work performed	132
Oil & Gas
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Decrease in deferred inventory costs	(114)
Renewable Energy
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Increase (decrease) in revenue in excess of billings for equipment contracts due to timing of revenue recognized for work performed	338
Restatement Adjustment | Adjustment Due to Change in Estimated Profitability
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Change in gross profit	133
Restatement Adjustment | Adjustment Due to Change in Estimated Profitability | Aviation
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Change in gross profit	(140)
Restatement Adjustment | Adjustment Due to Change in Estimated Profitability | Power
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Change in gross profit	$ 223

CONTRACT & OTHER DEFERRED ASS87

CONTRACT & OTHER DEFERRED ASSETS AND PROGRESS COLLECTIONS & DEFERRED INCOME - Progress Collections and Deferred Income (Details) - USD ($) $ in Millions		Jun. 30, 2018	Dec. 31, 2017
Capitalized Contract Cost [Line Items]
Deferred income		$ 5,043	$ 5,498
Total progress collections & deferred income		20,701	22,117
GE
Capitalized Contract Cost [Line Items]
Progress collections		17,190	18,310
Deferred income		3,798	3,911
Total progress collections & deferred income	[1]	$ 20,988	$ 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	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Total borrowings	$ 115,573	$ 134,591
Short-term borrowings
Short-term borrowings	14,419	24,036
Eliminations	(4,766)	(10,114)
Long-term borrowings
Borrowings	99,832	108,575
Eliminations	(27,050)	(32,079)
Long-term assumed debt	$ 34,750	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)	$ 1,322	1,980
Current portion of long-term borrowings
Long-term borrowings
Non-recourse borrowings of consolidated securitization entities (Note 11)	361	621
GE
Short-term borrowings
Short-term borrowings	8,319	14,548
Long-term borrowings
Borrowings	62,640	67,040
GE | Senior notes
Long-term borrowings
Borrowings	58,460	62,724
GE | Subordinated notes
Long-term borrowings
Borrowings	2,897	2,913
GE | Other
Long-term borrowings
Borrowings	1,283	1,403
GE | Commercial paper
Short-term borrowings
Short-term borrowings	3,010	3,000
GE | Current portion of long-term borrowings
Short-term borrowings
Short-term borrowings	3,125	9,452
GE | Other
Short-term borrowings
Short-term borrowings	2,183	2,095
GE Capital
Short-term borrowings
Short-term borrowings	10,866	19,602
Long-term borrowings
Borrowings	64,241	73,614
GE Capital | Current portion of long-term borrowings/Short-term borrowings
Debt Instrument [Line Items]
Funding secured by aircraft and other collateral	260	348
GE Capital | Non-recourse debt
Debt Instrument [Line Items]
Funding secured by aircraft and other collateral	320	458
GE Capital | Intercompany payable to GE
Long-term borrowings
Long-term intercompany loans	8,190	7,271
GE Capital | Senior notes
Long-term borrowings
Borrowings	36,519	40,754
GE Capital | Subordinated notes
Long-term borrowings
Borrowings	175	208
GE Capital | Other
Debt Instrument [Line Items]
Funding secured by aircraft and other collateral	988	1,118
Long-term borrowings
Borrowings	988	1,118
GE Capital | Intercompany payable to GE
Long-term borrowings
Borrowings	26,560	31,533
GE Capital | Non-recourse borrowings of consolidated securitization entities
Long-term borrowings
Borrowings	1,322	1,980
GE Capital | Commercial paper
Short-term borrowings
Short-term borrowings	3,018	5,013
GE Capital | Current portion of long-term borrowings
Short-term borrowings
Short-term borrowings	4,408	5,781
GE Capital | Intercompany payable to GE
Short-term borrowings
Short-term borrowings	2,749	8,310
GE Capital | Other
Short-term borrowings
Short-term borrowings	691	497
BHGE
Long-term borrowings
Borrowings	6,446	7,225
BHGE | Senior notes
Long-term borrowings
Borrowings	$ 6,191	$ 6,206

BORROWINGS - Narrative (Details

BORROWINGS - Narrative (Details) $ in Millions	Jun. 30, 2018USD ($)
GE Capital | Non-recourse borrowings of consolidated securitization entities
Guarantor Obligations [Line Items]
Debt assumed by GE upon merger	$ 39,044

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	Jun. 30, 2018	Dec. 31, 2017
Future policy benefit reserves
Long-term care insurance contracts	$ 16,380	$ 16,522
Structured settlement annuities with life contingencies and other contracts	9,544	9,448
Shadow adjustments	2,704	4,582
Future policy benefit reserves	28,628	30,552
Investment contracts	2,482	2,569
Claim reserves	5,233	5,094
Unearned premiums and other	419	372
Future policy benefit reserves, investment contracts, claim reserves and unearned premiums and other	36,762	38,587
Eliminations	(529)	(451)
Total	36,233	38,136
Long Term-Care Insurance Contracts
Future policy benefit reserves
Claim reserves	3,754	3,590
Short-Duration Insurance Contracts
Future policy benefit reserves
Claim reserves	$ 359	$ 364

INVESTMENT CONTRACTS, INSURAN91

INVESTMENT CONTRACTS, INSURANCE LIABILITIES AND INSURANCE ANNUITY BENEFITS - Narrative (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended		78 Months Ended
	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2024
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Expected capital contributions			$ 14,500
Premium deficiency			9,481
Claims incurred					$ 1,004	$ 975
Prior year claims					1	32
Paid claims					904	864
Reinsurance recoverables, net	$ 2,448		2,458		2,448
Ceded claim reserves	751		$ 715		751
Reinsurance recoveries	$ 56			$ 109	$ 117	$ 235
GE Capital
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Capital contributions to insurance subsidiaries		$ 3,500
GE Capital | Scenario, Forecast
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Capital contributions to insurance subsidiaries							$ 11,000

POSTRETIREMENT BENEFIT PLANS (D

POSTRETIREMENT BENEFIT PLANS (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Principal pension plans
Defined Benefit Plan Disclosure [Line Items]
Service cost for benefits earned	$ 203	$ 254	$ 435	$ 543
Prior service cost (credit) amortization	36	72	72	145
Expected return on plan assets	(820)	(849)	(1,640)	(1,698)
Interest cost on benefit obligations	667	712	1,333	1,429
Net actuarial loss (gain) amortization	943	697	1,894	1,407
Curtailment loss	0	0	0	43
Pension plans cost (income)	1,029	886	2,094	1,869
Other pension plans
Defined Benefit Plan Disclosure [Line Items]
Threshold to be included in other pension plans (greater than)	50		50
Service cost for benefits earned	99	123	194	274
Prior service cost (credit) amortization	(2)	(1)	(2)	(2)
Expected return on plan assets	(359)	(301)	(717)	(595)
Interest cost on benefit obligations	156	145	312	287
Net actuarial loss (gain) amortization	83	107	165	210
Curtailment loss	(6)	0	(6)	0
Pension plans cost (income)	(29)	73	(54)	174
Principal retiree benefit plans
Defined Benefit Plan Disclosure [Line Items]
Service cost for benefits earned	16	26	29	52
Prior service cost (credit) amortization	(58)	(43)	(114)	(86)
Expected return on plan assets	(7)	(9)	(14)	(18)
Interest cost on benefit obligations	49	56	98	113
Net actuarial loss (gain) amortization	(20)	(20)	(40)	(41)
Curtailment loss	0	0	0	3
Pension plans cost (income)	$ (20)	$ 10	$ (41)	$ 23

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Effective income tax rate	29.50%	(13.20%)
Income Tax Contingency [Line Items]
Tax expense recorded resulting from the U.S. tax reform	$ (79)		$ 4,512
Transition tax on historic foreign earnings			1,155
Revaluation of deferred taxes	55		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

INCOME TAXES - Unrecognized Tax

INCOME TAXES - Unrecognized Tax Benefits (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Unrecognized tax benefits	$ 5,130	$ 5,449
Portion that, if recognized, would reduce tax expense and effective tax rate	3,745	3,626
Accrued interest on unrecognized tax benefits	860	810
Accrued penalties on unrecognized tax benefits	188	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	1,200	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			6 Months Ended
	Jun. 30, 2018		Jun. 30, 2017	Jun. 30, 2018		Jun. 30, 2017	Mar. 31, 2018	Dec. 31, 2017		Mar. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Equity [Abstract]
Preferred stock issued	$ 6		$ 6	$ 6		$ 6		$ 6
Common stock issued	702		702	702		702		702
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance				73,498
Other comprehensive income (loss) before reclassifications	(1,967)		843	(977)		1,612
Reclassifications from other comprehensive income	1,182		467	1,895		1,525
Other comprehensive income (loss)	(784)		1,310	918		3,138
Ending balance	71,754		69,006	71,754		69,006
Increase (Decrease) in Stockholders' Equity
Beginning balance				73,498
Gains (losses) on treasury stock dispositions	13		20	(32)		244
Net earnings (loss) attributable to the Company	800		1,057	(347)		974
GE shareowners' equity balance	55,069		67,372	55,069		67,372		56,030
Noncontrolling interests	16,685	[1]	1,634	16,685	[1]	1,634	$ 17,228	17,468	[1]	$ 1,639	$ 1,663
Ending balance	71,754		69,006	71,754		69,006
Adjustments to deferred acquisition costs, present value of future profits, and investment contracts, insurance liabilities and insurance annuity benefits	534		(90)	1,472		(189)
Currency translation gains and losses on dispositions	0		(2)	0		510
Retained earnings	114,913			114,913				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	(12,862)		(16,766)	(14,404)		(18,588)
Ending balance	(13,432)		(15,457)	(13,432)		(15,457)
Increase (Decrease) in Stockholders' Equity
Beginning balance	(12,862)		(16,766)	(14,404)		(18,588)
Ending balance	(13,432)		(15,457)	(13,432)		(15,457)
Investment securities - net of deferred taxes
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Other comprehensive income (loss) before reclassifications	31		291	141		309
Other comprehensive income (loss) before reclassifications, deferred taxes	(17)		146	48		159
Reclassifications from other comprehensive income	(7)		(48)	(16)		(118)
Reclassifications from other comprehensive income, deferred taxes	0		(25)	(2)		(61)
Currency translation - net of deferred taxes
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Other comprehensive income (loss) before reclassifications	(2,049)		482	(1,217)		740
Other comprehensive income (loss) before reclassifications, deferred taxes	190		(207)	41		(241)
Reclassifications from other comprehensive income	380		34	378		588
Reclassifications from other comprehensive income, deferred taxes	0		(1)	0		(541)
Cash flow hedges - net of deferred taxes
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Other comprehensive income (loss) before reclassifications	(131)		44	(27)		64
Other comprehensive income (loss) before reclassifications, deferred taxes	(39)		(8)	(7)		(2)
Reclassifications from other comprehensive income	50		(54)	0		(55)
Reclassifications from other comprehensive income, deferred taxes	22		(10)	7		(9)
Benefit plans - net of deferred taxes
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Other comprehensive income (loss) before reclassifications	182		25	126		499
Other comprehensive income (loss) before reclassifications, deferred taxes	56		32	55		133
Reclassifications from other comprehensive income	758		536	1,533		1,110
Reclassifications from other comprehensive income, deferred taxes	218		270	436		558
AOCI attributable to noncontrolling interests
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance				(226)
Other comprehensive income (loss)	(213)		1	(53)		7
Ending balance	(279)			(279)
Increase (Decrease) in Stockholders' Equity
Beginning balance				(226)
Ending balance	(279)			(279)
AOCI attributable to parent
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Other comprehensive income (loss)	(571)		1,309	971		3,131
Other capital
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	37,339		37,448	37,384		37,224
Ending balance	37,352		37,468	37,352		37,468
Increase (Decrease) in Stockholders' Equity
Beginning balance	37,339		37,448	37,384		37,224
Ending balance	37,352		37,468	37,352		37,468
Retained earnings
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	115,477		131,544	117,245		133,856
Ending balance	114,913		130,270	114,913		130,270
Increase (Decrease) in Stockholders' Equity
Beginning balance	115,477		131,544	117,245		133,856
Net earnings (loss) attributable to the Company	800		1,057	(347)		974
Dividends and other transactions with shareowners	(1,231)		(2,265)	(2,309)		(4,393)
Redemption value adjustment for redeemable noncontrolling interests	(133)		(66)	(176)		(167)
Other changes	0		0	500		0
Ending balance	114,913		130,270	114,913		130,270
Common stock held in treasury
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	(84,697)		(84,833)	(84,902)		(83,038)
Ending balance	(84,471)		(85,617)	(84,471)		(85,617)
Increase (Decrease) in Stockholders' Equity
Beginning balance	(84,697)		(84,833)	(84,902)		(83,038)
Purchases	(58)		(1,261)	(143)		(3,620)
Dispositions	284		477	574		1,041
Ending balance	$ (84,471)		$ (85,617)	$ (84,471)		$ (85,617)
[1]	Included AOCI attributable to noncontrolling interests of $(279) million and $(226) million at June 30, 2018 and December 31, 2017, respectively.

SHAREOWNERS_ EQUITY - Shares of

SHAREOWNERS’ EQUITY - Shares of GE Preferred Stock (Details) - USD ($)	Jan. 20, 2016	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Jul. 01, 2018	Dec. 31, 2017
Class of Stock [Line Items]
Preferred stock issued		$ 6,000,000	$ 6,000,000	$ 6,000,000	$ 6,000,000		$ 6,000,000
GE
Class of Stock [Line Items]
Preferred stock issued		5,495,000,000		5,495,000,000
Preferred stock dividends		185,000,000	182,000,000	222,000,000	216,000,000
Cash dividends on preferred stock		147,000,000	$ 147,000,000	147,000,000	$ 147,000,000
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	$ 5,694,000,000		$ 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			6 Months Ended
	Jun. 30, 2018		Jun. 30, 2017	Jun. 30, 2018		Jun. 30, 2017
Stockholders' Equity Attributable to Noncontrolling Interest
Balance at beginning of period	$ 17,228		$ 1,639	$ 17,468	[1]	$ 1,663
Net earnings (loss)	(15)		14	52		20
Dividends	(81)		(22)	(164)		(31)
Other (including AOCI)	(446)		2	(669)		(18)
Balance at end of period	$ 16,685	[1]	$ 1,634	$ 16,685	[1]	$ 1,634
[1]	Included AOCI attributable to noncontrolling interests of $(279) million and $(226) million at June 30, 2018 and December 31, 2017, respectively.

SHAREOWNERS_ EQUITY - Redeemabl

SHAREOWNERS’ EQUITY - Redeemable Noncontrolling Interests (Narrative) (Details) € in Millions	1 Months Ended	6 Months Ended	12 Months Ended
	Sep. 30, 2018EUR (€)	Jun. 30, 2018joint_venture	Dec. 31, 2015joint_venture
Redeemable Noncontrolling Interest [Line Items]
Number of joint ventures formed | joint_venture		4	3
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%
Nuclear and French Steam Power Joint Venture | Scenario, Forecast
Redeemable Noncontrolling Interest [Line Items]
Amount to be paid to exercise redemption rights	€ 125
Renewable Energy Joint Venture
Redeemable Noncontrolling Interest [Line Items]
Annual accretion (as a percent)		3.00%
Renewable Energy Joint Venture | Scenario, Forecast
Redeemable Noncontrolling Interest [Line Items]
Amount to be paid to exercise redemption rights	638
Grid Technology Joint Venture | Scenario, Forecast
Redeemable Noncontrolling Interest [Line Items]
Amount to be paid to exercise redemption rights	€ 1,832

SHAREOWNERS_ EQUITY - Changes99

SHAREOWNERS’ EQUITY - Changes to Redeemable Noncontrolling Interests (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Redeemable Noncontrolling Interest
Beginning balance	$ 3,549	$ 3,046	$ 3,391	$ 3,017
Net earnings (loss)	(116)	(53)	(149)	(162)
Dividends	(6)	0	(19)	(11)
Redemption value adjustment	133	67	198	167
Other	(184)	125	(45)	175
Ending balance	3,376	3,185	3,376	3,185
Alstom Acquisition
Redeemable Noncontrolling Interest
Beginning balance			3,065
Ending balance	$ 3,019	$ 2,894	$ 3,019	$ 2,894

SHAREOWNERS_ EQUITY - Other (De

SHAREOWNERS’ EQUITY - Other (Details) - GE Capital - GE - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Related Party Transaction [Line Items]
Common dividends	$ 0	$ 2,105,000,000	$ 0	$ 4,105,000,000
Cash dividends	$ 2,016,000,000	$ 2,016,000,000	$ 4,016,000,000	$ 4,016,000,000

EARNINGS PER SHARE INFORMATI101

EARNINGS PER SHARE INFORMATION (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Diluted
Earnings from continuing operations for per-share calculation	$ 919	$ 1,204	$ 1,321	$ 1,355
Preferred stock dividends	(185)	(182)	(222)	(216)
Earnings from continuing operations attributable to common shareowners for per-share calculation	734	1,022	1,099	1,139
Loss from discontinued operations for per-share calculation	(125)	(157)	(1,680)	(399)
Net earnings attributable to GE common shareowners for per-share calculation	$ 614	$ 869	$ (574)	$ 747
Shares of GE common stock outstanding	8,688	8,671	8,686	8,695
Employee compensation-related shares (including stock options)	11	89	9	94
Total average equivalent shares	8,699	8,760	8,694	8,789
Earnings from continuing operations (in dollars per share)	$ 0.08	$ 0.12	$ 0.13	$ 0.13
Loss from discontinued operations (in dollars per share)	(0.01)	(0.02)	(0.19)	(0.05)
Net earnings (in dollars per share)	$ 0.07	$ 0.10	$ (0.07)	$ 0.09
Basic
Earnings from continuing operations for per-share calculation	$ 920	$ 1,204	$ 1,322	$ 1,354
Preferred stock dividends	(185)	(182)	(222)	(216)
Earnings from continuing operations attributable to common shareowners for per-share calculation	735	1,022	1,100	1,138
Loss from discontinued operations for per-share calculation	(125)	(157)	(1,679)	(400)
Net earnings attributable to GE common shareowners for per-share calculation	$ 615	$ 869	$ (573)	$ 747
Shares of GE common stock outstanding	8,688	8,671	8,686	8,695
Employee compensation-related shares (including stock options)	0	0	0	0
Total average equivalent shares	8,688	8,671	8,686	8,695
Earnings from continuing operations (in dollars per share)	$ 0.08	$ 0.12	$ 0.13	$ 0.13
Loss from discontinued operations (in dollars per share)	(0.01)	(0.02)	(0.19)	(0.05)
Net earnings (in dollars per share)	$ 0.07	$ 0.10	$ (0.07)	$ 0.09
Outstanding stock awards not included in the computation of diluted earnings per share (in shares)	411	33	407	26

FINANCIAL INSTRUMENTS - Assets

FINANCIAL INSTRUMENTS - Assets and Liabilities Not Carried at Fair Value (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Financial Services (GE Capital)
Liabilities
Decrease in fair value of borrowings	$ 1,255	$ 1,754
Financial Services (GE Capital) | Intercompany payable to GE
Liabilities
Borrowings (debt assumed)	29,309	39,844
Carrying amount (net) | Financial Services (GE Capital)
Assets
Loans	13,345	17,363
Other commercial mortgages	1,615	1,489
Loans held for sale	3,217	3,274
Liabilities
Borrowings	47,121	55,353
Investment contracts	2,482	2,569
Carrying amount (net) | GE
Assets
Notes receivable	680	700
Liabilities
Borrowings	33,460	34,473
Carrying amount (net) | GE | Intersegment eliminations | Intercompany payable to GE
Liabilities
Borrowings (debt assumed)	37,499	47,114
Estimated fair value | Financial Services (GE Capital)
Assets
Loans	13,319	17,331
Other commercial mortgages	1,662	1,566
Loans held for sale	3,219	3,274
Liabilities
Borrowings	49,538	60,415
Investment contracts	2,769	2,996
Accrued interest	485	731
Estimated fair value | GE
Assets
Notes receivable	680	700
Liabilities
Borrowings	32,905	35,416
Accrued interest	130	217
Estimated fair value | GE | Intercompany payable to GE
Liabilities
Accrued interest	650	696
Estimated fair value | GE | Intersegment eliminations | Intercompany payable to GE
Liabilities
Borrowings (debt assumed)	$ 41,339	$ 53,502

FINANCIAL INSTRUMENTS - Notiona

FINANCIAL INSTRUMENTS - Notional Amount of Loan Commitments (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Ordinary course of business lending commitments	$ 1,052	$ 1,105
Unused revolving credit lines	149	198
Excluded investment commitments	$ 731	$ 677

FINANCIAL INSTRUMENTS - Noti104

FINANCIAL INSTRUMENTS - Notional Amount of Derivatives (Details) $ in Billions	Jun. 30, 2018USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative, notional amount	$ 147

FINANCIAL INSTRUMENTS - Fair Va

FINANCIAL INSTRUMENTS - Fair Value of Derivatives (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Assets
Assets	$ 3,257	$ 3,364
Gross accrued interest recognized in statement of financial position	273	469
Gross derivatives recognized in statement of financial position	3,530	3,833
Netting adjustments offset in statement of financial position	(2,044)	(1,457)
Cash collateral offset in statement of financial position	(955)	(1,529)
Amounts offset in statement of financial position	(2,999)	(2,986)
Net derivatives	530	847
Securities held as collateral not offset in statement of financial position	(102)	(405)
Net amount	429	441
Liabilities
Amount	3,334	2,361
Gross accrued interest recognized in statement of financial position	(12)	(38)
Gross derivatives recognized in statement of financial position	3,322	2,323
Netting adjustments offset in statement of financial position	(2,043)	(1,456)
Cash collateral offset in statement of financial position	(763)	(578)
Amounts offset in statement of financial position	(2,807)	(2,034)
Net derivatives	515	289
Securities held as collateral not offset in statement of financial position	0	0
Net amount	515	289
Cumulative adjustment for non-performance risk	(1)	(1)
Excess cash collateral received	218	10
Excess cash collateral posted	425	255
Excess securities collateral received	7	16
Derivatives accounted for as hedges
Assets
Assets	1,632	2,021
Liabilities
Amount	360	218
Derivatives accounted for as hedges | Interest rate contracts
Assets
Assets	1,452	1,862
Liabilities
Amount	267	148
Derivatives accounted for as hedges | Currency exchange contracts
Assets
Assets	181	160
Liabilities
Amount	93	70
Derivatives not accounted for as hedges
Assets
Assets	1,625	1,343
Liabilities
Amount	2,975	2,143
Derivatives not accounted for as hedges | Interest rate contracts
Assets
Assets	37	93
Liabilities
Amount	2	8
Derivatives not accounted for as hedges | Currency exchange contracts
Assets
Assets	1,514	1,111
Liabilities
Amount	2,864	2,043
Derivatives not accounted for as hedges | Other contracts
Assets
Assets	74	139
Liabilities
Amount	$ 108	$ 91

FINANCIAL INSTRUMENTS - Effects

FINANCIAL INSTRUMENTS - Effects of Derivatives on Earnings (Details) - USD ($)	3 Months Ended			6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Effect on earnings				$ (160,000,000)	$ (420,000,000)
Total effect on earnings	$ (27,000,000)	$ (253,000,000)
Carrying value of net investment hedges	(20,750,000,000)	(24,232,000,000)		(20,750,000,000)	(24,232,000,000)
Total pre-tax reclassifications from CTA to gain (loss)				0	59,000,000
Total pre-tax reclassifications from CTA to gain (loss) recorded in discontinued operations				0	59,000,000
Cash flow hedges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Effect on hedging instrument	(161,000,000)	34,000,000		(19,000,000)	56,000,000
Effect on underlying	162,000,000	(34,000,000)	$ (12,000,000)	20,000,000	(56,000,000)	$ 45,000,000
Effect on earnings	0	0
Effect on earnings				1,000,000	0
Effect on earnings	(72,000,000)	65,000,000	$ 14,000,000	(7,000,000)	64,000,000	$ (71,000,000)
Fair value hedges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Effect on hedging instrument	(225,000,000)	(57,000,000)		(922,000,000)	(282,000,000)
Effect on underlying				866,000,000	164,000,000
Effect on underlying	195,000,000	2,000,000
Effect on earnings	(30,000,000)	(56,000,000)
Effect on earnings				(56,000,000)	(118,000,000)
Net investment hedges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Effect on hedging instrument	816,000,000	(487,000,000)		213,000,000	(1,050,000,000)
Effect on underlying	(810,000,000)	490,000,000		(205,000,000)	1,063,000,000
Effect on earnings	6,000,000	3,000,000		8,000,000	13,000,000
Economic hedges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Effect on hedging instrument	(1,248,000,000)	979,000,000		(783,000,000)	641,000,000
Effect on underlying				670,000,000	(956,000,000)
Effect on underlying	1,244,000,000	(1,180,000,000)
Effect on earnings				$ (113,000,000)	$ (315,000,000)
Effect on earnings	$ (3,000,000)	$ (200,000,000)

FINANCIAL INSTRUMENTS - Cash Fl

FINANCIAL INSTRUMENTS - Cash Flow Hedge Activity (Details) - Cash flow hedges - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Derivative [Line Items]
Gain (loss) recognized in AOCI	$ (162)	$ 34	$ 12	$ (20)	$ 56	$ (45)
Gain (loss) reclassified from AOCI into earnings	(72)	65	14	(7)	64	(71)
Interest rate contracts
Derivative [Line Items]
Gain (loss) recognized in AOCI	(3)	3	12	(7)	2	31
Gain (loss) reclassified from AOCI into earnings	(4)	(6)	(26)	(6)	(15)	(55)
Currency exchange contracts
Derivative [Line Items]
Gain (loss) recognized in AOCI	(158)	32	1	(13)	54	(77)
Gain (loss) reclassified from AOCI into earnings	(68)	71	40	(1)	79	(13)
Commodity contracts
Derivative [Line Items]
Gain (loss) recognized in AOCI	0	(2)	(1)	0	0	0
Gain (loss) reclassified from AOCI into earnings	$ 0	$ 0	$ (1)	$ 0	$ 0	$ (3)

FINANCIAL INSTRUMENTS - Effe108

FINANCIAL INSTRUMENTS - Effects of Derivative on Earnings (Narrative) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Pre-tax gain included in AOCI related to cash flow hedges of forecasted transactions	$ 80
Amount of loss expected to be transferred to earnings as an expense	$ 61
Maximum term of hedged forecasted transactions	14 years	15 years	16 years

FINANCIAL INSTRUMENTS - Counter

FINANCIAL INSTRUMENTS - Counterparty Credit Risk (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Cash received as collateral	$ 218	$ 10
Securities received as collateral	102	405
Net derivative liability	515	$ 289
Counterparty Credit Risk
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Collateral, fair value	1,057
Cash received as collateral	955
Securities received as collateral	102
Fair value of cash collateral posted	763
Exposure to counterparties including interest net collateral, excluding embedded derivatives	358
Net derivative liability	$ 463

VARIABLE INTEREST ENTITIES - Na

VARIABLE INTEREST ENTITIES - Narrative (Details) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)joint_venture	Jun. 30, 2017USD ($)	Dec. 31, 2015joint_venture	Mar. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Mar. 31, 2017USD ($)	Dec. 31, 2016USD ($)
Variable Interest Entity [Line Items]
Number of joint ventures formed | joint_venture			4		3
Combined assets	$ 4,051		$ 4,051
Redeemable noncontrolling interests	3,376	$ 3,185	3,376	$ 3,185		$ 3,549	$ 3,391	$ 3,046	$ 3,017
Revenues	30,104	29,097	$ 58,764	55,978
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	15,200		$ 15,200				16,344
Combined liabilities	9,927		9,927				11,463
Redeemable noncontrolling interests	3,019	2,894	3,019	2,894			3,065
Consolidated VIEs
Variable Interest Entity [Line Items]
Combined assets	4,304		4,304				6,028
Combined liabilities	3,326		3,326				4,642
Revenues	164	256	338	508
Cost of goods sold	60	$ 83	133	$ 178
Third-party investors
Variable Interest Entity [Line Items]
Commingled cash owed to third-party investors	23		23				61
Unconsolidated VIEs
Variable Interest Entity [Line Items]
Investments in unconsolidated VIEs	$ 4,987		$ 4,987				$ 5,833

VARIABLE INTEREST ENTITIES - Sc

VARIABLE INTEREST ENTITIES - Schedule of Assets and Liabilities of Consolidated VIEs (Details) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2018USD ($)funding_vehicle	Dec. 31, 2017USD ($)
Variable Interest Entity [Line Items]
Assets	$ 4,051
Borrowings
Variable Interest Entity [Line Items]
Liabilities	624
Consolidated VIE
Variable Interest Entity [Line Items]
Assets	4,304	$ 6,028
Liabilities	3,326	4,642
Consolidated VIE | Financing receivables, net
Variable Interest Entity [Line Items]
Assets	1,003	792
Consolidated VIE | Current receivables
Variable Interest Entity [Line Items]
Assets	494	630
Consolidated VIE | Investment securities
Variable Interest Entity [Line Items]
Assets		918
Consolidated VIE | Other assets
Variable Interest Entity [Line Items]
Assets	2,807	3,688
Consolidated VIE | Borrowings
Variable Interest Entity [Line Items]
Liabilities	1,198	1,066
Consolidated VIE | Non-recourse borrowings
Variable Interest Entity [Line Items]
Liabilities	624	685
Consolidated VIE | Other liabilities
Variable Interest Entity [Line Items]
Liabilities	$ 1,504	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	$ 1,429	1,752
Liabilities	1,274	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	418	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	1,012	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	610	669
GE Capital | Customer Notes receivables | Other liabilities
Variable Interest Entity [Line Items]
Liabilities	663	1,021
GE Capital | Other
Variable Interest Entity [Line Items]
Assets	2,274	3,630
Liabilities	1,751	2,568
GE Capital | Other | Financing receivables, net
Variable Interest Entity [Line Items]
Assets	1,003	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	1,271	1,920
GE Capital | Other | Borrowings
Variable Interest Entity [Line Items]
Liabilities	1,154	1,027
GE Capital | Other | Non-recourse borrowings
Variable Interest Entity [Line Items]
Liabilities	14	16
GE Capital | Other | Other liabilities
Variable Interest Entity [Line Items]
Liabilities	584	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	600	$ 646
Liabilities	301	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	76	59
GE | Consolidated VIE | Investment securities
Variable Interest Entity [Line Items]
Assets		0
GE | Consolidated VIE | Other assets
Variable Interest Entity [Line Items]
Assets	524	586
GE | Consolidated VIE | Borrowings
Variable Interest Entity [Line Items]
Liabilities	44	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	$ 257	$ 345

COMMITMENTS, GUARANTEES, PRO112

COMMITMENTS, GUARANTEES, PRODUCT WARRANTIES AND OTHER LOSS CONTINGENCIES - Commitments (Details) $ in Millions	6 Months Ended
	Jun. 30, 2018USD ($)
GECAS | New aircraft
Long-term Purchase Commitment [Line Items]
List prices of multiple-year orders	$ 35,930
GECAS | Used aircraft
Long-term Purchase Commitment [Line Items]
List prices of multiple-year orders	3,171
Aviation
Long-term Purchase Commitment [Line Items]
Commitment to provide financing assistance	$ 2,834

COMMITMENTS, GUARANTEES, PRO113

COMMITMENTS, GUARANTEES, PRODUCT WARRANTIES AND OTHER LOSS CONTINGENCIES - Guarantees (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Guarantor Obligations [Line Items]
Liability for indemnification agreements	$ 21,046	$ 20,784
Credit support
Guarantor Obligations [Line Items]
Commitments	1,731
Liability	77
Indemnification agreements
Guarantor Obligations [Line Items]
Commitments	2,006
Liability	6
Required funding under residual value guarantees	230
Liability for indemnification agreements	259
Indemnification agreements - discontinued operations
Guarantor Obligations [Line Items]
Commitments	2,599
Liability for indemnification agreements	$ 333

COMMITMENTS, GUARANTEES, PRO114

COMMITMENTS, GUARANTEES, PRODUCT WARRANTIES AND OTHER LOSS CONTINGENCIES - Schedule of Product Warranties (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Movement in Standard Product Warranty Accrual
Balance at January 1	$ 2,348	$ 1,929
Current-year provisions	371	354
Expenditures	(452)	(412)
Other changes	142	108
Balance as of June 30	$ 2,410	$ 1,979

COMMITMENTS, GUARANTEES, PRO115

COMMITMENTS, GUARANTEES, PRODUCT WARRANTIES AND OTHER LOSS CONTINGENCIES - WMC Legal Matters (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2016
Loss Contingencies [Line Items]
Claims reflecting purchase price or unpaid principal balances of the loans at the time of purchase	$ 1,182			$ 1,182
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	307			307		$ 462
Additional claims asserted against WMC in litigation without making a prior claim	875			875		3,198
Reserves	294	$ 342	$ 636	294	$ 636	$ 416	$ 626	$ 626
Net decrease to reserves due to settlements				122
Reserve provision	5		$ 10	5	$ 10
Disposed of by Sale | WMC | Minimum
Loss Contingencies [Line Items]
Estimate of possible loss	0			0
Disposed of by Sale | WMC | Maximum
Loss Contingencies [Line Items]
Estimate of possible loss	$ 500			$ 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			6 Months Ended
	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Loss Contingency Accrual
Balance, beginning of period	$ 342	$ 416	$ 626	$ 416	$ 626
Provision	5		10	5	10
Claim resolutions / rescissions	(53)		0	(127)	0
Balance, end of period	$ 294	$ 342	$ 636	$ 294	$ 636

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 (€)	Jun. 30, 2018USD ($)
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			$ 921

CASH FLOWS INFORMATION (Details

CASH FLOWS INFORMATION (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
All other operating activities
All other operating activities	$ (2,240)	$ 91
Pre-tax gain on sales of businesses	(2,368)	(145)
All other investing activities
All other investing activities	1,164	6,453
Net dispositions (purchases) of GE shares for treasury
Net dispositions (purchases) of GE shares for treasury	(6)	(2,732)
GE
All other operating activities
(Gains) losses on purchases and sales of business interests	(280)	(42)
Income taxes	(388)	(482)
Principal pension plans	1,052	1,542
Other postretirement benefit plans	(669)	(279)
Restructuring and other charges	403	584
Other	(2,119)	(2,018)
All other operating activities	(2,001)	(696)
Pre-tax gain on sales of businesses	(305)
Current tax expense (benefit)	484	810
Net cash paid for income taxes	(873)	(1,292)
Other postretirement plans costs (income)	(95)	197
Restructuring and other charges	1,225	1,603
Restructuring and other cash expenditures	(822)	(1,019)
All other investing activities
Derivative settlements (net)	(489)	0
Investments in intangible assets (net)	(533)	(363)
Other	136	(164)
All other investing activities	(886)	(527)
Net derivative settlement, operating activities		(512)
Net dispositions (purchases) of GE shares for treasury
Open market purchases under share repurchase program	(134)	(3,325)
Other purchases	(9)	(19)
Dispositions	136	612
Net dispositions (purchases) of GE shares for treasury	(6)	(2,732)
GE | Pension Costs
All other operating activities
Principal pension plans	2,094	1,869
GE | Employer Contributions
All other operating activities
Principal pension plans	(1,042)	(327)
Other postretirement plans	$ (574)	$ (476)

INTERCOMPANY TRANSACTIONS (Deta

INTERCOMPANY TRANSACTIONS (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Related Party Transaction [Line Items]
Total cash from (used for) operating activities-continuing operations	$ 2,240	$ 2,930
Total cash from (used for) investing activities-continuing operations	2,665	4,397
Total cash from (used for) financing activities-continuing operations	(20,913)	(12,089)
GE and GE Capital totals
Related Party Transaction [Line Items]
Total cash from (used for) operating activities-continuing operations	(927)	5,550
Total cash from (used for) investing activities-continuing operations	5,696	3,190
Total cash from (used for) financing activities-continuing operations	(20,778)	(13,502)
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	3,115	1,301
Total cash from (used for) investing activities-continuing operations	(4,093)	(1,612)
Total cash from (used for) financing activities-continuing operations	978	311
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	(4,016)
Total cash from (used for) financing activities-continuing operations	0	4,016
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	920	4,075
Total cash from (used for) financing activities-continuing operations	(920)	(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
Other reclassifications and eliminations
Related Party Transaction [Line Items]
Total cash from (used for) operating activities-continuing operations	52	95
Total cash from (used for) investing activities-continuing operations	143	73
Total cash from (used for) financing activities-continuing operations	(194)	(168)
Financing of long-term receivables	$ 737	$ (347)

GUARANTOR FINANCIAL INFORMAT120

GUARANTOR FINANCIAL INFORMATION - Condensed Consolidating Statement of Earnings (Loss) and Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Revenues
Sales of goods and services	$ 28,093	$ 27,075	$ 54,967	$ 51,691
GE Capital revenues from services	2,011	2,022	3,797	4,286
Total revenues	30,104	29,097	58,764	55,978
Costs and expenses
Interest and other financial charges	1,295	1,174	2,580	2,313
Other costs and expenses	28,341	27,126	55,509	53,118
Total costs and expenses	29,636	28,300	58,089	55,431
Other income (loss)	864	330	1,069	527
Equity in earnings (loss) of affiliates	0	0	0	0
Earnings (loss) from continuing operations before income taxes	1,331	1,127	1,744	1,074
Benefit (provision) for income taxes	(542)	38	(515)	142
Earnings (loss) from continuing operations	789	1,164	1,229	1,217
Earnings (loss) from discontinued operations, net of taxes	(121)	(146)	(1,673)	(385)
Net earnings (loss)	669	1,019	(444)	832
Less net earnings (loss) attributable to noncontrolling interests	(132)	(38)	(98)	(142)
Net earnings (loss) attributable to the Company	800	1,057	(347)	974
Other comprehensive income (loss)	(571)	1,309	971	3,131
Comprehensive income (loss) attributable to the Company	229	2,366	625	4,105
Reportable Legal Entities | Parent Company Guarantor
Revenues
Sales of goods and services	7,947	8,080	15,651	16,872
GE Capital revenues from services	0	0	0	0
Total revenues	7,947	8,080	15,651	16,872
Costs and expenses
Interest and other financial charges	1,868	767	3,248	1,677
Other costs and expenses	11,692	8,571	19,829	18,200
Total costs and expenses	13,560	9,338	23,077	19,877
Other income (loss)	1,621	57	1,896	111
Equity in earnings (loss) of affiliates	4,442	2,028	7,034	3,736
Earnings (loss) from continuing operations before income taxes	450	828	1,503	843
Benefit (provision) for income taxes	471	375	(177)	519
Earnings (loss) from continuing operations	921	1,203	1,326	1,362
Earnings (loss) from discontinued operations, net of taxes	(121)	(146)	(1,673)	(388)
Net earnings (loss)	800	1,057	(347)	974
Less net earnings (loss) attributable to noncontrolling interests	0	0	0	0
Net earnings (loss) attributable to the Company	800	1,057	(347)	974
Other comprehensive income (loss)	(571)	1,309	971	3,131
Comprehensive income (loss) attributable to the Company	229	2,366	625	4,105
Reportable Legal Entities | Subsidiary Issuer
Revenues
Sales of goods and services	0	0	0	0
GE Capital revenues from services	233	173	441	329
Total revenues	233	173	441	329
Costs and expenses
Interest and other financial charges	230	159	436	309
Other costs and expenses	0	0	0	0
Total costs and expenses	230	159	436	309
Other income (loss)	0	0	0	0
Equity in earnings (loss) of affiliates	0	0	0	0
Earnings (loss) from continuing operations before income taxes	3	14	5	20
Benefit (provision) for income taxes	0	(2)	(1)	(2)
Earnings (loss) from continuing operations	3	12	4	17
Earnings (loss) from discontinued operations, net of taxes	0	0	0	0
Net earnings (loss)	3	12	4	17
Less net earnings (loss) attributable to noncontrolling interests	0	0	0	0
Net earnings (loss) attributable to the Company	3	12	4	17
Other comprehensive income (loss)	0	0	0	0
Comprehensive income (loss) attributable to the Company	3	12	4	17
Reportable Legal Entities | Subsidiary Guarantor
Revenues
Sales of goods and services	0	0	0	0
GE Capital revenues from services	326	188	551	374
Total revenues	326	188	551	374
Costs and expenses
Interest and other financial charges	617	489	1,164	943
Other costs and expenses	0	9	0	22
Total costs and expenses	617	497	1,163	965
Other income (loss)	0	0	0	0
Equity in earnings (loss) of affiliates	(127)	450	493	692
Earnings (loss) from continuing operations before income taxes	(418)	141	(119)	101
Benefit (provision) for income taxes	0	0	0	115
Earnings (loss) from continuing operations	(418)	141	(119)	215
Earnings (loss) from discontinued operations, net of taxes	(63)	(5)	(81)	278
Net earnings (loss)	(482)	136	(200)	493
Less net earnings (loss) attributable to noncontrolling interests	0	0	0	0
Net earnings (loss) attributable to the Company	(482)	136	(200)	493
Other comprehensive income (loss)	(94)	32	(55)	649
Comprehensive income (loss) attributable to the Company	(575)	168	(254)	1,142
Reportable Legal Entities | Non- Guarantor Subsidiaries
Revenues
Sales of goods and services	41,000	37,615	78,980	73,705
GE Capital revenues from services	2,593	2,589	4,151	4,859
Total revenues	43,593	40,204	83,131	78,564
Costs and expenses
Interest and other financial charges	1,381	1,221	2,645	2,303
Other costs and expenses	38,372	37,570	76,515	73,510
Total costs and expenses	39,753	38,791	79,160	75,813
Other income (loss)	2,970	28,005	1,097	32,625
Equity in earnings (loss) of affiliates	12,249	13,982	12,090	50,664
Earnings (loss) from continuing operations before income taxes	19,059	43,400	17,159	86,040
Benefit (provision) for income taxes	(1,162)	(230)	(562)	(699)
Earnings (loss) from continuing operations	17,897	43,170	16,596	85,341
Earnings (loss) from discontinued operations, net of taxes	0	3	1	3
Net earnings (loss)	17,897	43,172	16,597	85,344
Less net earnings (loss) attributable to noncontrolling interests	(116)	16	(121)	(32)
Net earnings (loss) attributable to the Company	18,013	43,156	16,719	85,377
Other comprehensive income (loss)	(2,509)	(25,537)	(1,631)	(26,994)
Comprehensive income (loss) attributable to the Company	15,503	17,619	15,087	58,383
Consolidating Adjustments
Revenues
Sales of goods and services	(20,854)	(18,621)	(39,664)	(38,886)
GE Capital revenues from services	(1,141)	(928)	(1,346)	(1,275)
Total revenues	(21,995)	(19,549)	(41,010)	(40,161)
Costs and expenses
Interest and other financial charges	(2,801)	(1,463)	(4,912)	(2,920)
Other costs and expenses	(21,722)	(19,023)	(40,835)	(38,615)
Total costs and expenses	(24,523)	(20,486)	(45,746)	(41,534)
Other income (loss)	(3,727)	(27,732)	(1,924)	(32,209)
Equity in earnings (loss) of affiliates	(16,563)	(16,460)	(19,617)	(55,093)
Earnings (loss) from continuing operations before income taxes	(17,763)	(43,255)	(16,804)	(85,929)
Benefit (provision) for income taxes	150	(105)	225	210
Earnings (loss) from continuing operations	(17,613)	(43,361)	(16,579)	(85,719)
Earnings (loss) from discontinued operations, net of taxes	63	2	79	(278)
Net earnings (loss)	(17,550)	(43,359)	(16,500)	(85,997)
Less net earnings (loss) attributable to noncontrolling interests	(16)	(54)	24	(110)
Net earnings (loss) attributable to the Company	(17,534)	(43,304)	(16,523)	(85,887)
Other comprehensive income (loss)	2,603	25,505	1,686	26,345
Comprehensive income (loss) attributable to the Company	$ (14,931)	$ (17,799)	$ (14,837)	$ (59,542)

GUARANTOR FINANCIAL INFORMAT121

GUARANTOR FINANCIAL INFORMATION - Condensed Consolidating Statement of Financial Position (Details) - USD ($) $ in Millions		Jun. 30, 2018		Mar. 31, 2018	Dec. 31, 2017		Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016
Assets
Cash, cash equivalents and restricted cash		$ 27,674	[1]		$ 43,967	[1]	$ 44,559
Investment securities		36,611			38,696
Receivables - net		35,686			40,846
Inventories		20,473			19,419
Property, plant and equipment - net		50,866			53,874
Investment in subsidiaries		0			0
Goodwill and intangible assets		102,193			104,242
All other assets		64,214			62,288
Assets of discontinued operations		5,053			5,912
Total assets	[2]	342,769			369,245
Liabilities and equity
Short-term borrowings		14,419			24,036
Accounts payable		15,026			15,172
Other current liabilities		36,922			40,088
Long-term and non-recourse borrowings		101,154			110,556
All other liabilities		98,169			101,797
Liabilities of discontinued operations		1,949			706
Total Liabilities	[2]	267,639			292,355
Redeemable noncontrolling interests		3,376		$ 3,549	3,391		3,185	$ 3,046	$ 3,017
GE shareowners' equity		55,069			56,030		67,372
Noncontrolling interests		16,685	[3]	$ 17,228	17,468	[3]	1,634	$ 1,639	$ 1,663
Total equity (Note 15)		71,754			73,498		69,006
Total liabilities, redeemable noncontrolling interests and equity		342,769			369,245
Subsidiary Guarantor | Subsidiaries of the Subsidiary Guarantor
Liabilities and equity
Cash and cash equivalent balances within subsidiaries		8,819			15,225
Net assets of discontinued operations		3,329			4,318
Reportable Legal Entities | Parent Company Guarantor
Assets
Cash, cash equivalents and restricted cash		1,852			3,472		4,426
Investment securities		0			1
Receivables - net		38,831			50,923
Inventories		4,790			4,587
Property, plant and equipment - net		5,816			5,808
Investment in subsidiaries		281,298			277,929
Goodwill and intangible assets		8,374			8,014
All other assets		9,503			30,737
Assets of discontinued operations		0			0
Total assets		350,465			381,472
Liabilities and equity
Short-term borrowings		167,290			191,807
Accounts payable		12,833			8,126
Other current liabilities		11,270			11,892
Long-term and non-recourse borrowings		62,642			71,023
All other liabilities		41,361			42,594
Liabilities of discontinued operations		0			0
Total Liabilities		295,396			325,442
Redeemable noncontrolling interests		0			0
GE shareowners' equity		55,069			56,030
Noncontrolling interests		0			0
Total equity (Note 15)		55,069			56,030
Total liabilities, redeemable noncontrolling interests and equity		350,465			381,472
Reportable Legal Entities | Subsidiary Issuer
Assets
Cash, cash equivalents and restricted cash		0			0		0
Investment securities		0			0
Receivables - net		17,348			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		17,364			17,332
Liabilities and equity
Short-term borrowings		0			0
Accounts payable		0			0
Other current liabilities		9			8
Long-term and non-recourse borrowings		15,912			16,632
All other liabilities		422			475
Liabilities of discontinued operations		0			0
Total Liabilities		16,343			17,116
Redeemable noncontrolling interests		0			0
GE shareowners' equity		1,021			216
Noncontrolling interests		0			0
Total equity (Note 15)		1,021			216
Total liabilities, redeemable noncontrolling interests and equity		17,364			17,332
Reportable Legal Entities | Subsidiary Guarantor
Assets
Cash, cash equivalents and restricted cash		3			3		42
Investment securities		0			0
Receivables - net		32,799			32,381
Inventories		0			0
Property, plant and equipment - net		0			0
Investment in subsidiaries		78,171			77,488
Goodwill and intangible assets		0			0
All other assets		19			32
Assets of discontinued operations		0			0
Total assets		110,991			109,904
Liabilities and equity
Short-term borrowings		47,189			46,033
Accounts payable		0			0
Other current liabilities		3			3
Long-term and non-recourse borrowings		35,007			34,730
All other liabilities		154			128
Liabilities of discontinued operations		0			0
Total Liabilities		82,352			80,894
Redeemable noncontrolling interests		0			0
GE shareowners' equity		28,639			29,010
Noncontrolling interests		0			0
Total equity (Note 15)		28,639			29,010
Total liabilities, redeemable noncontrolling interests and equity		110,991			109,904
Reportable Legal Entities | Non- Guarantor Subsidiaries
Assets
Cash, cash equivalents and restricted cash		26,452			41,236		40,643
Investment securities		37,429			39,809
Receivables - net		78,684			87,776
Inventories		21,093			22,215
Property, plant and equipment - net		46,488			48,516
Investment in subsidiaries		724,902			715,936
Goodwill and intangible assets		88,376			90,226
All other assets		225,997			236,771
Assets of discontinued operations		0			0
Total assets		1,249,421			1,282,485
Liabilities and equity
Short-term borrowings		12,832			22,603
Accounts payable		49,954			77,509
Other current liabilities		32,525			28,218
Long-term and non-recourse borrowings		49,529			55,367
All other liabilities		66,957			66,293
Liabilities of discontinued operations		0			0
Total Liabilities		211,797			249,991
Redeemable noncontrolling interests		2,513			2,627
GE shareowners' equity		1,033,711			1,028,311
Noncontrolling interests		1,400			1,556
Total equity (Note 15)		1,035,111			1,029,867
Total liabilities, redeemable noncontrolling interests and equity		1,249,421			1,282,485
Consolidating Adjustments
Assets
Cash, cash equivalents and restricted cash		(634)			(743)		$ (552)
Investment securities		(818)			(1,113)
Receivables - net		(131,976)			(147,551)
Inventories		(5,411)			(7,383)
Property, plant and equipment - net		(1,438)			(450)
Investment in subsidiaries		(1,084,371)			(1,071,353)
Goodwill and intangible assets		5,443			6,002
All other assets		(171,321)			(205,269)
Assets of discontinued operations		5,053			5,912
Total assets		(1,385,473)			(1,421,948)
Liabilities and equity
Short-term borrowings		(212,892)			(236,407)
Accounts payable		(47,762)			(70,462)
Other current liabilities		(6,885)			(34)
Long-term and non-recourse borrowings		(61,936)			(67,197)
All other liabilities		(10,724)			(7,694)
Liabilities of discontinued operations		1,949			706
Total Liabilities		(338,249)			(381,088)
Redeemable noncontrolling interests		862			764
GE shareowners' equity		(1,063,371)			(1,057,537)
Noncontrolling interests		15,285			15,912
Total equity (Note 15)		(1,048,086)			(1,041,625)
Total liabilities, redeemable noncontrolling interests and equity		$ (1,385,473)			$ (1,421,948)
[1]	Includes restricted cash of $725 million and $668 million at June 30, 2018 and December 31, 2017, respectively.
[2]	Our consolidated assets at June 30, 2018 included total assets of $4,051 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 $1,428 million within continuing operations and assets of discontinued operations of $275 million. Our consolidated liabilities at June 30, 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 $(624) million within continuing operations. See Note 18.
[3]	Included AOCI attributable to noncontrolling interests of $(279) million and $(226) million at June 30, 2018 and December 31, 2017, respectively.

GUARANTOR FINANCIAL INFORMAT122

GUARANTOR FINANCIAL INFORMATION - Condensed Consolidating Statement of Cash Flows (Details) - USD ($) $ in Millions	6 Months Ended			12 Months Ended
	Jun. 30, 2018		Jun. 30, 2017	Dec. 31, 2017
Cash flows – operating activities
Cash from (used for) operating activities - continuing operations	$ 2,240		$ 2,930
Cash from (used for) operating activities - discontinued operations	(293)		(895)
Cash from (used for) operating activities	1,947		2,035
Cash flows – investing activities
Cash from (used for) investing activities – continuing operations	2,665		4,397
Cash from (used for) investing activities – continuing operations	151		(2,089)
Cash from (used for) investing activities	2,816		2,309
Cash flows – financing activities
Cash from (used for) financing activities – continuing operations	(20,913)		(12,089)
Cash from (used for) financing activities – discontinued operations	0		1,909
Cash from (used for) financing activities	(20,913)		(10,181)
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash	(285)		538
Increase (decrease) in cash, cash equivalents and restricted cash	(16,436)		(5,299)
Cash, cash equivalents and restricted cash at beginning of year	44,724		50,384	$ 50,384
Cash, cash equivalents and restricted cash at June 30	28,288		45,085	44,724
Less cash, cash equivalents and restricted cash of discontinued operations at June 30	615		526
Cash, cash equivalents and restricted cash of continuing operations at June 30	27,674	[1]	44,559	43,967	[1]
Reportable Legal Entities
Cash flows – operating activities
Cash from (used for) operating activities - continuing operations	(927)		5,550
Cash flows – investing activities
Cash from (used for) investing activities – continuing operations	5,696		3,190
Cash flows – financing activities
Cash from (used for) financing activities – continuing operations	(20,778)		(13,502)
Reportable Legal Entities | Parent Company Guarantor
Cash flows – operating activities
Cash from (used for) operating activities - continuing operations	12,625		10,330
Cash from (used for) operating activities - discontinued operations	(1,673)		(388)
Cash from (used for) operating activities	10,952		9,942
Cash flows – investing activities
Cash from (used for) investing activities – continuing operations	12,523		(24,692)
Cash from (used for) investing activities – continuing operations	0		0
Cash from (used for) investing activities	12,523		(24,692)
Cash flows – financing activities
Cash from (used for) financing activities – continuing operations	(25,094)		16,447
Cash from (used for) financing activities – discontinued operations	0		0
Cash from (used for) financing activities	(25,094)		16,447
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash	0		0
Increase (decrease) in cash, cash equivalents and restricted cash	(1,620)		1,697
Cash, cash equivalents and restricted cash at beginning of year	3,472		2,729	2,729
Cash, cash equivalents and restricted cash at June 30	1,852		4,426	3,472
Less cash, cash equivalents and restricted cash of discontinued operations at June 30	0		0
Cash, cash equivalents and restricted cash of continuing operations at June 30	1,852		4,426	3,472
Reportable Legal Entities | Subsidiary Issuer
Cash flows – operating activities
Cash from (used for) operating activities - continuing operations	(268)		25
Cash from (used for) operating activities - discontinued operations	0		0
Cash from (used for) operating activities	(268)		25
Cash flows – investing activities
Cash from (used for) investing activities – continuing operations	268		(25)
Cash from (used for) investing activities – continuing operations	0		0
Cash from (used for) investing activities	268		(25)
Cash flows – financing activities
Cash from (used for) financing activities – continuing operations	0		0
Cash from (used for) financing activities – discontinued operations	0		0
Cash from (used for) financing activities	0		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 June 30	0		0	0
Less cash, cash equivalents and restricted cash of discontinued operations at June 30	0		0
Cash, cash equivalents and restricted cash of continuing operations at June 30	0		0	0
Reportable Legal Entities | Subsidiary Guarantor
Cash flows – operating activities
Cash from (used for) operating activities - continuing operations	(117)		225
Cash from (used for) operating activities - discontinued operations	0		0
Cash from (used for) operating activities	(117)		225
Cash flows – investing activities
Cash from (used for) investing activities – continuing operations	(882)		608
Cash from (used for) investing activities – continuing operations	0		0
Cash from (used for) investing activities	(882)		608
Cash flows – financing activities
Cash from (used for) financing activities – continuing operations	999		(833)
Cash from (used for) financing activities – discontinued operations	0		0
Cash from (used for) financing activities	999		(833)
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 June 30	3		42	3
Less cash, cash equivalents and restricted cash of discontinued operations at June 30	0		0
Cash, cash equivalents and restricted cash of continuing operations at June 30	3		42	3
Reportable Legal Entities | Non- Guarantor Subsidiaries
Cash flows – operating activities
Cash from (used for) operating activities - continuing operations	8,330		105,269
Cash from (used for) operating activities - discontinued operations	1,381		(507)
Cash from (used for) operating activities	9,711		104,761
Cash flows – investing activities
Cash from (used for) investing activities – continuing operations	(22,097)		(52,457)
Cash from (used for) investing activities – continuing operations	151		(2,089)
Cash from (used for) investing activities	(21,946)		(54,545)
Cash flows – financing activities
Cash from (used for) financing activities – continuing operations	(2,406)		(60,697)
Cash from (used for) financing activities – discontinued operations	0		1,909
Cash from (used for) financing activities	(2,406)		(58,789)
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash	(285)		538
Increase (decrease) in cash, cash equivalents and restricted cash	(14,926)		(8,035)
Cash, cash equivalents and restricted cash at beginning of year	41,993		49,204	49,204
Cash, cash equivalents and restricted cash at June 30	27,067		41,169	41,993
Less cash, cash equivalents and restricted cash of discontinued operations at June 30	615		526
Cash, cash equivalents and restricted cash of continuing operations at June 30	26,452		40,643	41,236
Consolidating Adjustments
Cash flows – operating activities
Cash from (used for) operating activities - continuing operations	(18,330)		(112,919)
Cash from (used for) operating activities - discontinued operations	(1)		0
Cash from (used for) operating activities	(18,331)		(112,919)
Cash flows – investing activities
Cash from (used for) investing activities – continuing operations	12,852		80,963
Cash from (used for) investing activities – continuing operations	0		0
Cash from (used for) investing activities	12,852		80,963
Cash flows – financing activities
Cash from (used for) financing activities – continuing operations	5,588		32,994
Cash from (used for) financing activities – discontinued operations	0		0
Cash from (used for) financing activities	5,588		32,994
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash	0		0
Increase (decrease) in cash, cash equivalents and restricted cash	110		1,037
Cash, cash equivalents and restricted cash at beginning of year	(743)		(1,590)	(1,590)
Cash, cash equivalents and restricted cash at June 30	(634)		(552)	(743)
Less cash, cash equivalents and restricted cash of discontinued operations at June 30	0		0
Cash, cash equivalents and restricted cash of continuing operations at June 30	$ (634)		$ (552)	$ (743)
[1]	Includes restricted cash of $725 million and $668 million at June 30, 2018 and December 31, 2017, respectively.

SEGMENT OPERATIONS (Details)

SEGMENT OPERATIONS (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Segment Reporting Information [Line Items]
Revenues	$ 30,104	$ 29,097	$ 58,764	$ 55,978
Revenues, V%	3.00%		5.00%
Corporate items and eliminations	$ 1,331	1,127	$ 1,744	1,074
GE interest and other financial charges	(1,295)	(1,174)	(2,580)	(2,313)
GE non-operating benefit costs	(693)	(561)	(1,381)	(1,212)
GE benefit (provision) for income taxes	(542)	38	(515)	142
Earnings (loss) from continuing operations attributable to GE common shareowners	$ 736	1,028	$ 1,105	1,150
Earnings (loss) from continuing operations attributable to GE common shareowners, V%	(28.00%)		(4.00%)
Earnings (loss) from discontinued operations, net of taxes	$ (121)	(146)	$ (1,673)	(385)
Earnings (loss) from discontinued operations, net of taxes, V%	17.00%
Less net earnings attributable to noncontrolling interests, discontinued operations	$ 0	7	0	7
Earnings (loss) from discontinued operations, net of tax and noncontrolling interest	$ (121)	(152)	(1,673)	(392)
Earnings (loss) from discontinued operations,, net of tax and noncontrolling interest, V%	20.00%
Net earnings (loss) attributable to GE common shareowners	$ 615	875	(568)	758
Consolidated net earnings (loss) attributable to the GE common shareowners, V%	(30.00%)
Oil & Gas
Segment Reporting Information [Line Items]
Operating profit excluding restructuring and other charges	$ 222		402
Operating Segments
Segment Reporting Information [Line Items]
Revenues	$ 31,085	30,028	$ 60,654	57,923
Revenues, V%	4.00%		5.00%
Segment profit (loss)	$ 2,950	3,502	$ 5,410	6,261
Segment profit (loss), V%	(16.00%)		(14.00%)
Operating Segments | Total industrial segment revenues
Segment Reporting Information [Line Items]
Revenues	$ 28,657	27,582	$ 56,052	52,795
Revenues, V%	4.00%		6.00%
Segment profit (loss)	$ 3,157	3,673	$ 5,832	6,480
Segment profit (loss), V%	(14.00%)		(10.00%)
Operating Segments | Power
Segment Reporting Information [Line Items]
Revenues	$ 7,579	9,400	$ 14,801	17,341
Revenues, V%	(19.00%)		(15.00%)
Segment profit (loss)	$ 421	994	$ 694	1,432
Segment profit (loss), V%	(58.00%)		(52.00%)
Operating Segments | Renewable Energy
Segment Reporting Information [Line Items]
Revenues	$ 1,653	2,312	$ 3,299	4,079
Revenues, V%	(29.00%)		(19.00%)
Segment profit (loss)	$ 82	158	$ 159	228
Segment profit (loss), V%	(48.00%)		(30.00%)
Operating Segments | Oil & Gas
Segment Reporting Information [Line Items]
Revenues	$ 5,554	2,997	$ 10,939	6,083
Revenues, V%	85.00%		80.00%
Segment profit (loss)	$ 73	120	$ (70)	380
Segment profit (loss), V%	(39.00%)
Operating Segments | Aviation
Segment Reporting Information [Line Items]
Revenues	$ 7,519	6,634	$ 14,631	13,307
Revenues, V%	13.00%		10.00%
Segment profit (loss)	$ 1,475	1,374	$ 3,078	2,647
Segment profit (loss), V%	7.00%		16.00%
Operating Segments | Healthcare
Segment Reporting Information [Line Items]
Revenues	$ 4,978	4,688	$ 9,680	8,993
Revenues, V%	6.00%		8.00%
Segment profit (loss)	$ 926	826	$ 1,660	1,487
Segment profit (loss), V%	12.00%		12.00%
Operating Segments | Transportation
Segment Reporting Information [Line Items]
Revenues	$ 942	1,077	$ 1,814	2,057
Revenues, V%	(13.00%)		(12.00%)
Segment profit (loss)	$ 155	183	$ 285	278
Segment profit (loss), V%	(15.00%)		3.00%
Operating Segments | Lighting
Segment Reporting Information [Line Items]
Revenues	$ 431	473	$ 887	935
Revenues, V%	(9.00%)		(5.00%)
Segment profit (loss)	$ 24	17	$ 26	27
Segment profit (loss), V%	41.00%		(4.00%)
Operating Segments | Capital
Segment Reporting Information [Line Items]
Revenues	$ 2,429	2,446	$ 4,602	5,127
Revenues, V%	(1.00%)		(10.00%)
Segment profit (loss)	$ (207)	(172)	$ (422)	(219)
Segment profit (loss), V%	(20.00%)		(93.00%)
Corporate Items and Eliminations
Segment Reporting Information [Line Items]
Revenues	$ (982)	(932)	$ (1,890)	(1,945)
Corporate items and eliminations	(309)	(1,120)	(962)	(2,522)
Segment Reconciling Items
Segment Reporting Information [Line Items]
GE interest and other financial charges	$ (690)	(637)	$ (1,333)	(1,200)
GE interest and other financial charges, V%	(8.00%)		(11.00%)
GE non-operating benefit costs	$ (690)	(552)	$ (1,374)	(1,201)
GE non-operating benefit costs, V%	(25.00%)		(14.00%)
GE benefit (provision) for income taxes	$ (525)	$ (165)	$ (637)	$ (188)