General Electric (GE) 10-Q 29 Jul 20 2020 Q2 Quarterly report Financial data

Cover Page

Cover Page shares in Thousands	6 Months Ended
	Jun. 30, 2020shares
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2020
Document Transition Report	false
Entity File Number	001-00035
Entity Registrant Name	GENERAL ELECTRIC CO
Entity Central Index Key	0000040545
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Incorporation, State or Country Code	NY
Entity Tax Identification Number	14-0689340
Entity Address, Address Line One	5 Necco Street
Entity Address, City or Town	Boston
Entity Address, State or Province	MA
Entity Address, Postal Zip Code	02210
City Area Code	617
Local Phone Number	443-3000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	8,753,289
Common Stock
Entity Information [Line Items]
Title of 12(b) Security	Common stock, par value $0.06 per share
Trading Symbol	GE
Security Exchange Name	NYSE
0.375% Notes Due 2022
Entity Information [Line Items]
Title of 12(b) Security	0.375% Notes due 2022
Trading Symbol	GE 22A
Security Exchange Name	NYSE
1.250% Notes Due 2023
Entity Information [Line Items]
Title of 12(b) Security	1.250% Notes due 2023
Trading Symbol	GE 23E
Security Exchange Name	NYSE
0.875% Notes Due 2025
Entity Information [Line Items]
Title of 12(b) Security	0.875% Notes due 2025
Trading Symbol	GE 25
Security Exchange Name	NYSE
1.875% Notes Due 2027
Entity Information [Line Items]
Title of 12(b) Security	1.875% Notes due 2027
Trading Symbol	GE 27E
Security Exchange Name	NYSE
1.500% Notes Due 2029
Entity Information [Line Items]
Title of 12(b) Security	1.500% Notes due 2029
Trading Symbol	GE 29
Security Exchange Name	NYSE
7.5% Guaranteed Subordinated Notes Due 2035
Entity Information [Line Items]
Title of 12(b) Security	7 1/2% Guaranteed Subordinated Notes due 2035
Trading Symbol	GE /35
Security Exchange Name	NYSE
2.125% Notes Due 2037
Entity Information [Line Items]
Title of 12(b) Security	2.125% Notes due 2037
Trading Symbol	GE 37
Security Exchange Name	NYSE

STATEMENT OF EARNINGS (LOSS) (U

STATEMENT OF EARNINGS (LOSS) (UNAUDITED) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020		Jun. 30, 2019
Revenues
Revenues		$ 17,750	$ 23,414	$ 38,273		$ 45,616
Costs and expenses
Cost of sales		15,083	17,412	30,778		33,620
Selling, general and administrative expenses		3,079	3,425	6,144		6,827
Interest and other financial charges		997	929	1,791		1,993
Insurance losses and annuity benefits		564	638	1,199		1,249
Goodwill impairments (Note 8)		1,717	744	1,717		744
Non-operating benefit costs		598	561	1,216		1,129
Other costs and expenses		129	166	238		238
Total costs and expenses		22,166	23,874	43,084		45,801
Other income (Note 22)		2,078	164	8,947		1,012
GE Capital earnings (loss) from continuing operations		0	0	0		0
Earnings (loss) from continuing operations before income taxes		(2,339)	(296)	4,136		827
Benefit (provision) for income taxes		199	181	136		41
Earnings (loss) from continuing operations		(2,139)	(115)	4,272		868
Earnings (loss) from discontinued operations, net of taxes		7	219	(171)		2,881
Net earnings (loss)		(2,132)	104	4,101		3,749
Less net earnings (loss) attributable to noncontrolling interests		(145)	(23)	(111)		34
Net earnings (loss) attributable to the Company		(1,987)	127	4,212		3,716
Preferred stock dividends		(192)	(188)	(235)		(228)
Net earnings (loss) attributable to GE common shareholders		(2,179)	(61)	3,977		3,488
Amounts attributable to GE common shareholders
Earnings (loss) from continuing operations		(2,139)	(115)	4,272		868
Less net earnings (loss) attributable to noncontrolling interests, continuing operations		(145)	(1)	(108)		22
Earnings (loss) from continuing operations attributable to the Company		(1,995)	(114)	4,381		846
Preferred stock dividends		(192)	(188)	(235)		(228)
Earnings (loss) from continuing operations attributable to GE common shareowners		(2,186)	(302)	4,146		618
Earnings (loss) from discontinued operations, net of taxes		7	219	(171)		2,881
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations		0	(23)	(2)		11
Net earnings (loss) attributable to GE common shareholders		$ (2,179)	$ (61)	$ 3,977		$ 3,488
Earnings (loss) per share from continuing operations (Note 16)
Diluted earnings (loss) per share (in dollars per share)		$ (0.27)	$ (0.03)	$ 0.46		$ 0.07
Basic earnings (loss) per share (in dollars per share)		(0.27)	(0.03)	0.46		0.07
Net earnings (loss) per share (Note 16)
Diluted earnings (loss) per share (in dollars per share)		(0.26)	(0.01)	0.44		0.40
Basic earnings (loss) per share (in dollars per share)		(0.26)	(0.01)	0.44		0.40
Dividends declared per common share (in dollars per share)		$ 0.01	$ 0.01	$ 0.02		$ 0.02
Goods
Revenues
Sales		$ 10,732	$ 14,101	$ 23,096		$ 27,351
Costs and expenses
Cost of sales		10,306	11,646	20,846		22,620
Services
Revenues
Sales		5,328	7,269	11,778		14,277
Costs and expenses
Cost of sales		4,777	5,766	9,933		11,000
GE Capital revenues from services
Revenues
Revenues		1,690	2,043	3,399		3,988
GE Capital
Revenues
Revenues		1,845	2,321	3,768		4,548
Costs and expenses
Selling, general and administrative expenses		162	211	365		478
Interest and other financial charges		657	646	1,161		1,323
Insurance losses and annuity benefits		577	668	1,230		1,302
Goodwill impairments (Note 8)		839	0	839		0
Non-operating benefit costs		2	3	5		8
Other costs and expenses		178	178	297		277
Total costs and expenses		3,262	2,233	5,295		4,413
Other income (Note 22)		0	0	0		0
GE Capital earnings (loss) from continuing operations		0	0	0		0
Earnings (loss) from continuing operations before income taxes		(1,416)	88	(1,526)		135
Benefit (provision) for income taxes		133	11	257		139
Earnings (loss) from continuing operations		(1,283)	99	(1,270)		273
Earnings (loss) from discontinued operations, net of taxes		17	238	(147)		273
Net earnings (loss)		(1,266)	336	(1,417)		547
Less net earnings (loss) attributable to noncontrolling interests		2	0	2		0
Net earnings (loss) attributable to the Company		(1,268)	336	(1,418)		547
Preferred stock dividends		(192)	(188)	(235)		(228)
Net earnings (loss) attributable to GE common shareholders		(1,459)	148	(1,653)		319
Amounts attributable to GE common shareholders
Earnings (loss) from continuing operations		(1,283)	99	(1,270)		273
Less net earnings (loss) attributable to noncontrolling interests, continuing operations		2	0	2		0
Earnings (loss) from continuing operations attributable to the Company		(1,285)	99	(1,272)		273
Preferred stock dividends		(192)	(188)	(235)		(228)
Earnings (loss) from continuing operations attributable to GE common shareowners		(1,476)	(89)	(1,506)		46
Earnings (loss) from discontinued operations, net of taxes		17	238	(147)		273
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations		0	0	0		0
Net earnings (loss) attributable to GE common shareholders		(1,459)	148	(1,653)		319
GE Capital | Goods
Revenues
Sales		13	18	37		34
Costs and expenses
Cost of sales		10	14	28		27
GE Capital | Services
Revenues
Sales		0	0	0		0
Costs and expenses
Cost of sales		835	512	1,370		999
GE Capital | GE Capital revenues from services
Revenues
Revenues		1,833	2,303	3,731		4,514
GE
Revenues
Revenues	[1]	16,066	21,416	34,910		41,740
Costs and expenses
Selling, general and administrative expenses	[1]	2,979	3,367	5,928		6,562
Interest and other financial charges	[1]	396	382	766		902
Insurance losses and annuity benefits	[1]	0	0	0		0
Goodwill impairments (Note 8)	[1]	877	744	877		744
Non-operating benefit costs	[1]	596	558	1,212		1,122
Other costs and expenses	[1]	0	5	0		(4)
Total costs and expenses	[1]	19,105	21,972	38,238		42,073
Other income (Note 22)	[1]	2,116	172	8,990		1,024
GE Capital earnings (loss) from continuing operations	[1]	(1,476)	(89)	(1,506)		46
Earnings (loss) from continuing operations before income taxes	[1]	(2,399)	(473)	4,156		738
Benefit (provision) for income taxes	[1]	66	170	(121)	[2]	(97)	[2]
Earnings (loss) from continuing operations	[1]	(2,333)	(303)	4,035		640
Earnings (loss) from discontinued operations, net of taxes	[1]	7	219	(171)	[2]	2,881	[2]
Net earnings (loss)	[1]	(2,325)	(84)	3,865	[2]	3,522	[2]
Less net earnings (loss) attributable to noncontrolling interests	[1]	(147)	(23)	(113)		33
Net earnings (loss) attributable to the Company	[1]	(2,179)	(61)	3,977		3,488
Preferred stock dividends	[1]	0	0	0		0
Net earnings (loss) attributable to GE common shareholders	[1]	(2,179)	(61)	3,977		3,488
Amounts attributable to GE common shareholders
Earnings (loss) from continuing operations	[1]	(2,333)	(303)	4,035		640
Less net earnings (loss) attributable to noncontrolling interests, continuing operations	[1]	(147)	(1)	(110)		22
Earnings (loss) from continuing operations attributable to the Company	[1]	(2,186)	(302)	4,146		618
Preferred stock dividends	[1]	0	0	0		0
Earnings (loss) from continuing operations attributable to GE common shareowners	[1]	(2,186)	(302)	4,146		618
Earnings (loss) from discontinued operations, net of taxes	[1]	7	219	(171)	[2]	2,881	[2]
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations	[1]	0	(23)	(2)		11
Net earnings (loss) attributable to GE common shareholders	[1]	(2,179)	(61)	3,977		3,488
GE | Goods
Revenues
Sales	[1]	10,728	14,117	23,087		27,432
Costs and expenses
Cost of sales	[1]	10,305	11,666	20,846		22,715
GE | Services
Revenues
Sales	[1]	5,337	7,298	11,823		14,308
Costs and expenses
Cost of sales	[1]	3,952	5,250	8,608		10,031
GE | GE Capital revenues from services
Revenues
Revenues	[1]	$ 0	$ 0	$ 0		$ 0
[1]	Represents the adding together of all GE Industrial affiliates and GE Capital continuing operations on a one-line basis. See Note 1.
[2]	Represents the adding together of all GE Industrial affiliates and the impact of GE Capital dividends on a one-line basis. See Note 1.

STATEMENT OF FINANCIAL POSITION

STATEMENT OF FINANCIAL POSITION - USD ($) $ in Millions		Jun. 30, 2020		Dec. 31, 2019
Assets
Cash, cash equivalents and restricted cash		$ 41,431		$ 36,394
Investment securities (Note 3)		47,117		48,521
Current receivables (Note 4)		16,041		16,769
Financing receivables – net (Note 5)		3,095		3,134
Inventories (Note 6)		15,251		14,104
Other GE Capital receivables		7,578		7,144
Property, plant and equipment – net (Note 7)		45,503		46,186
Receivable from GE Capital		0		0
Investment in GE Capital		0		0
Goodwill (Note 8)		24,951		26,734
Other intangible assets – net (Note 8)		10,168		10,653
Contract and other deferred assets (Note 10)		15,555		16,801
All other assets		15,514		16,461
Deferred income taxes (Note 14)		10,665		9,889
Assets of businesses held for sale (Note 2)		0		9,149
Assets of discontinued operations (Note 2)		3,617		4,109
Total assets		256,487		266,048
Liabilities and equity
Short-term borrowings (Note 11)		9,059		22,072
Short-term borrowings assumed by GE (Note 11)		0		0
Accounts payable, principally trade accounts		13,469		15,926
Progress collections and deferred income (Note 10)		19,927		20,508
Other GE current liabilities		16,535		15,753
Non-recourse borrowings of consolidated securitization entities (Note 11)		396		1,655
Long-term borrowings (Note 11)		72,423		67,155
Long-term borrowings assumed by GE (Note 11)		0		0
Insurance liabilities and annuity benefits (Note 12)		40,954		39,826
Non-current compensation and benefits		30,906		31,687
All other liabilities		17,330		19,745
Liabilities of businesses held for sale (Note 2)		0		1,658
Liabilities of discontinued operations (Note 2)		235		203
Total liabilities		221,233		236,187
Preferred stock (5,939,875 shares outstanding at both June 30, 2020 and December 31, 2019)		6		6
Common stock (8,753,289,000 and 8,738,434,000 shares outstanding at June 30, 2020 and December 31, 2019, respectively)		702		702
Accumulated other comprehensive income (loss) – net attributable to GE		(10,194)		(11,732)
Other capital		34,292		34,405
Retained earnings		91,188		87,732
Less common stock held in treasury		(82,320)		(82,797)
Total GE shareholders’ equity		33,674		28,316
Noncontrolling interests		1,579		1,545
Total equity		35,254		29,861
Total liabilities and equity		256,487		266,048
GE Capital
Assets
Cash, cash equivalents and restricted cash		16,003		18,781
Investment securities (Note 3)		41,121		38,514
Current receivables (Note 4)		0		0
Financing receivables – net (Note 5)		6,959		6,979
Inventories (Note 6)		0		0
Other GE Capital receivables		10,456		11,767
Property, plant and equipment – net (Note 7)		29,923		29,886
Receivable from GE Capital		0		0
Investment in GE Capital		0		0
Goodwill (Note 8)		0		839
Other intangible assets – net (Note 8)		159		192
Contract and other deferred assets (Note 10)		0		0
All other assets		7,934		8,648
Deferred income taxes (Note 14)		1,900		1,700
Assets of businesses held for sale (Note 2)		0		241
Assets of discontinued operations (Note 2)		3,462		3,907
Total assets		117,918		121,454
Liabilities and equity
Short-term borrowings (Note 11)		4,601		12,030
Short-term borrowings assumed by GE (Note 11)		3,237		2,104
Accounts payable, principally trade accounts		1,010		886
Progress collections and deferred income (Note 10)		0		0
Other GE current liabilities		0		0
Non-recourse borrowings of consolidated securitization entities (Note 11)		396		1,655
Long-term borrowings (Note 11)		32,025		26,175
Long-term borrowings assumed by GE (Note 11)		17,435		17,038
Insurance liabilities and annuity benefits (Note 12)		41,416		40,232
Non-current compensation and benefits		438		472
All other liabilities		3,532		5,278
Liabilities of businesses held for sale (Note 2)		0		52
Liabilities of discontinued operations (Note 2)		84		97
Total liabilities		104,174		106,016
Preferred stock (5,939,875 shares outstanding at both June 30, 2020 and December 31, 2019)		6		6
Common stock (8,753,289,000 and 8,738,434,000 shares outstanding at June 30, 2020 and December 31, 2019, respectively)		0		0
Accumulated other comprehensive income (loss) – net attributable to GE		(906)		(852)
Other capital		17,004		17,001
Retained earnings		(2,517)		(857)
Less common stock held in treasury		0		0
Total GE shareholders’ equity		13,587		15,299
Noncontrolling interests		157		139
Total equity		13,744		15,438
Total liabilities and equity		117,918		121,454
GE
Assets
Cash, cash equivalents and restricted cash	[1]	25,428	[2]	17,613
Investment securities (Note 3)	[1]	5,997		10,008
Current receivables (Note 4)	[1]	12,744		13,883
Financing receivables – net (Note 5)	[1]	0		0
Inventories (Note 6)	[1]	15,251		14,104
Other GE Capital receivables	[1]	0		0
Property, plant and equipment – net (Note 7)	[1]	16,718		17,447
Receivable from GE Capital	[1]	20,672		19,142
Investment in GE Capital	[1]	13,587		15,299
Goodwill (Note 8)	[1]	24,951		25,895
Other intangible assets – net (Note 8)	[1]	10,009		10,461
Contract and other deferred assets (Note 10)	[1]	15,587		16,833
All other assets	[1]	8,419		8,399
Deferred income taxes (Note 14)	[1]	8,765		8,189
Assets of businesses held for sale (Note 2)	[1]	0		8,626
Assets of discontinued operations (Note 2)	[1]	155		202
Total assets	[1]	178,283		186,100
Liabilities and equity
Short-term borrowings (Note 11)	[1]	1,737		5,606
Short-term borrowings assumed by GE (Note 11)	[1]	3,679		5,473
Accounts payable, principally trade accounts	[1]	13,809		17,702
Progress collections and deferred income (Note 10)	[1]	20,091		20,694
Other GE current liabilities	[1]	17,300		16,833
Non-recourse borrowings of consolidated securitization entities (Note 11)	[1]	0		0
Long-term borrowings (Note 11)	[1]	18,679		15,085
Long-term borrowings assumed by GE (Note 11)	[1]	21,719		25,895
Insurance liabilities and annuity benefits (Note 12)	[1]	0		0
Non-current compensation and benefits	[1]	30,460		31,208
All other liabilities	[1]	15,562		16,156
Liabilities of businesses held for sale (Note 2)	[1]	0		1,620
Liabilities of discontinued operations (Note 2)	[1]	151		106
Total liabilities	[1]	143,187		156,379
Preferred stock (5,939,875 shares outstanding at both June 30, 2020 and December 31, 2019)	[1]	6		6
Common stock (8,753,289,000 and 8,738,434,000 shares outstanding at June 30, 2020 and December 31, 2019, respectively)	[1]	702		702
Accumulated other comprehensive income (loss) – net attributable to GE	[1]	(10,194)		(11,732)
Other capital	[1]	34,292		34,405
Retained earnings	[1]	91,188		87,732
Less common stock held in treasury	[1]	(82,320)		(82,797)
Total GE shareholders’ equity	[1]	33,674		28,316
Noncontrolling interests	[1]	1,421		1,406
Total equity	[1]	35,096		29,721
Total liabilities and equity	[1]	$ 178,283		$ 186,100
[1]	Represents the adding together of all GE Industrial affiliates and GE Capital continuing operations on a one-line basis. See Note 1.
[2]	Represents the adding together of all GE Industrial affiliates and the impact of GE Capital dividends on a one-line basis. See Note 1.

STATEMENT OF FINANCIAL POSITI_2

STATEMENT OF FINANCIAL POSITION (Parenthetical) - shares	Jun. 30, 2020	Dec. 31, 2019
Preferred stock, shares outstanding	5,939,875	5,939,875
Common stock, shares outstanding	8,753,289,000	8,738,434,000
GE Capital
Preferred stock, shares outstanding	5,939,875	5,939,875
Common stock, shares outstanding	8,747,092,000	8,738,434,000
GE
Preferred stock, shares outstanding	5,939,875	5,939,875
Common stock, shares outstanding	8,747,092,000	8,738,434,000

STATEMENT OF CASH FLOWS (UNAUDI

STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($) $ in Millions		6 Months Ended
		Jun. 30, 2020		Jun. 30, 2019
Cash flows – operating activities
Net earnings (loss)		$ 4,101		$ 3,749
(Earnings) loss from discontinued operations		171		(2,881)
Adjustments to reconcile net earnings (loss) to cash provided from operating activities
Depreciation and amortization of property, plant and equipment (Note 7)		2,281		1,965
Amortization of intangible assets (Note 8)		648		724
Goodwill impairments (Note 8)		1,717		744
(Earnings) loss from continuing operations retained by GE Capital		0		0
(Gains) losses on purchases and sales of business interests (Note 22)		(12,482)		(214)
(Gains) losses on equity securities (Note 22)		4,031		54
Principal pension plans cost (Note 13)		1,798		1,693
Principal pension plans employer contributions		(144)		(133)
Other postretirement benefit plans (net)		(488)		(542)
Provision (benefit) for income taxes		(136)		(41)
Cash recovered (paid) during the year for income taxes		(622)		(1,067)
Decrease (increase) in contract and other deferred assets		501		(548)
Decrease (increase) in GE current receivables		(190)		(696)
Decrease (increase) in inventories		(730)		(1,951)
Increase (decrease) in accounts payable		(2,015)		828
Increase (decrease) in GE progress collections		(670)		66
All other operating activities		911		(223)
Cash from (used for) operating activities – continuing operations		(1,319)		1,528
Cash from (used for) operating activities – discontinued operations		(53)		(1,336)
Cash from (used for) operating activities		(1,372)		192
Cash flows – investing activities
Additions to property, plant and equipment		(1,614)		(2,946)
Dispositions of property, plant and equipment		1,054		1,912
Additions to internal-use software		(98)		(141)
Net decrease (increase) in financing receivables		(164)		377
Proceeds from sale of discontinued operations		0		2,827
Proceeds from principal business dispositions		20,854		1,058
Net cash from (payments for) principal businesses purchased		(7)		0
Capital contribution from GE to GE Capital		0		0
Sales of retained ownership interests in Wabtec		0		1,799
All other investing activities		(1,516)		2,620
Cash from (used for) investing activities – continuing operations		18,509		2,266
Cash from (used for) investing activities – discontinued operations		(91)		1,115
Cash from (used for) investing activities		18,419		3,382
Cash flows – financing activities
Net increase (decrease) in borrowings (maturities of 90 days or less)		(3,412)		(434)
Newly issued debt (maturities longer than 90 days)		14,228		1,462
Repayments and other debt reductions (maturities longer than 90 days)		(22,005)		(6,168)
Capital contribution from GE to GE Capital		0		0
Dividends paid to shareholders		(324)		(324)
All other financing activities		(486)		(627)
Cash from (used for) financing activities – continuing operations		(11,999)		(6,092)
Cash from (used for) financing activities – discontinued operations		1		(469)
Cash from (used for) financing activities		(11,998)		(6,561)
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash		(217)		1
Increase (decrease) in cash, cash equivalents and restricted cash		4,831		(2,986)
Cash, cash equivalents and restricted cash at beginning of year		37,077		35,548
Cash, cash equivalents and restricted cash at June 30		41,908		32,562
Less cash, cash equivalents and restricted cash of discontinued operations at June 30		477		3,732
Cash, cash equivalents and restricted cash of continuing operations at June 30		41,431		28,830
GE Capital
Cash flows – operating activities
Net earnings (loss)		(1,417)		547
(Earnings) loss from discontinued operations		147		(273)
Adjustments to reconcile net earnings (loss) to cash provided from operating activities
Depreciation and amortization of property, plant and equipment (Note 7)		1,373		1,002
Amortization of intangible assets (Note 8)		37		31
Goodwill impairments (Note 8)		839		0
(Earnings) loss from continuing operations retained by GE Capital		0		0
(Gains) losses on purchases and sales of business interests (Note 22)		(58)		0
(Gains) losses on equity securities (Note 22)		46		(3)
Principal pension plans cost (Note 13)		0		0
Principal pension plans employer contributions		0		0
Other postretirement benefit plans (net)		(17)		(1)
Provision (benefit) for income taxes		(257)		(139)
Cash recovered (paid) during the year for income taxes		(72)		(97)
Decrease (increase) in contract and other deferred assets		0		0
Decrease (increase) in GE current receivables		0		0
Decrease (increase) in inventories		0		0
Increase (decrease) in accounts payable		4		(1)
Increase (decrease) in GE progress collections		0		0
All other operating activities		340		214
Cash from (used for) operating activities – continuing operations		967		1,279
Cash from (used for) operating activities – discontinued operations		(79)		(1,702)
Cash from (used for) operating activities		889		(423)
Cash flows – investing activities
Additions to property, plant and equipment		(655)		(1,984)
Dispositions of property, plant and equipment		954		1,645
Additions to internal-use software		(3)		(4)
Net decrease (increase) in financing receivables		45		2,067
Proceeds from sale of discontinued operations		0		0
Proceeds from principal business dispositions		34		417
Net cash from (payments for) principal businesses purchased		0		0
Capital contribution from GE to GE Capital		0		0
Sales of retained ownership interests in Wabtec		0		0
All other investing activities		7,143		(1,280)
Cash from (used for) investing activities – continuing operations		7,518		861
Cash from (used for) investing activities – discontinued operations		(60)		1,764
Cash from (used for) investing activities		7,458		2,625
Cash flows – financing activities
Net increase (decrease) in borrowings (maturities of 90 days or less)		(205)		(656)
Newly issued debt (maturities longer than 90 days)		6,797		1,053
Repayments and other debt reductions (maturities longer than 90 days)		(17,392)		(5,840)
Capital contribution from GE to GE Capital		0		1,500
Dividends paid to shareholders		(232)		(225)
All other financing activities		(231)		(561)
Cash from (used for) financing activities – continuing operations		(11,264)		(4,728)
Cash from (used for) financing activities – discontinued operations		0		(1)
Cash from (used for) financing activities		(11,264)		(4,729)
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash		(62)		9
Increase (decrease) in cash, cash equivalents and restricted cash		(2,979)		(2,518)
Cash, cash equivalents and restricted cash at beginning of year		19,460		15,020
Cash, cash equivalents and restricted cash at June 30		16,480		12,502
Less cash, cash equivalents and restricted cash of discontinued operations at June 30		477		590
Cash, cash equivalents and restricted cash of continuing operations at June 30		16,003		11,913
GE
Cash flows – operating activities
Net earnings (loss)	[1],[2]	3,865		3,522
(Earnings) loss from discontinued operations	[1],[2]	171		(2,881)
Adjustments to reconcile net earnings (loss) to cash provided from operating activities
Depreciation and amortization of property, plant and equipment (Note 7)	[2]	916		961
Amortization of intangible assets (Note 8)	[2]	611		693
Goodwill impairments (Note 8)	[1]	877		744
(Earnings) loss from continuing operations retained by GE Capital	[2]	1,506		(46)
(Gains) losses on purchases and sales of business interests (Note 22)	[2]	(12,424)		(214)
(Gains) losses on equity securities (Note 22)	[2]	3,986		57
Principal pension plans cost (Note 13)	[2]	1,798		1,693
Principal pension plans employer contributions	[2]	(144)		(133)
Other postretirement benefit plans (net)	[2]	(471)		(541)
Provision (benefit) for income taxes	[1],[2]	121		97
Cash recovered (paid) during the year for income taxes	[2]	(550)		(970)
Decrease (increase) in contract and other deferred assets	[2]	501		(548)
Decrease (increase) in GE current receivables	[2]	434		(1,246)
Decrease (increase) in inventories	[2]	(692)		(1,822)
Increase (decrease) in accounts payable	[2]	(3,462)		355
Increase (decrease) in GE progress collections	[2]	(693)		61
All other operating activities	[2]	386		(849)
Cash from (used for) operating activities – continuing operations	[2]	(3,266)		(1,068)
Cash from (used for) operating activities – discontinued operations	[2]	26		38
Cash from (used for) operating activities	[2]	(3,240)		(1,029)
Cash flows – investing activities
Additions to property, plant and equipment	[2]	(1,002)		(1,116)
Dispositions of property, plant and equipment	[2]	105		271
Additions to internal-use software	[2]	(95)		(137)
Net decrease (increase) in financing receivables	[2]	0		0
Proceeds from sale of discontinued operations	[2]	0		2,827
Proceeds from principal business dispositions	[2]	20,480		1,017
Net cash from (payments for) principal businesses purchased	[2]	(7)		(417)
Capital contribution from GE to GE Capital	[1]	0		(1,500)
Sales of retained ownership interests in Wabtec	[1]	0		1,799
All other investing activities	[2]	207		(111)
Cash from (used for) investing activities – continuing operations	[2]	19,689		2,634
Cash from (used for) investing activities – discontinued operations	[2]	(30)		(322)
Cash from (used for) investing activities	[2]	19,659		2,312
Cash flows – financing activities
Net increase (decrease) in borrowings (maturities of 90 days or less)	[2]	(3,512)		(1,101)
Newly issued debt (maturities longer than 90 days)	[2]	7,431		409
Repayments and other debt reductions (maturities longer than 90 days)	[2]	(12,113)		(329)
Capital contribution from GE to GE Capital	[1]	0		0
Dividends paid to shareholders	[2]	(176)		(175)
All other financing activities	[2]	(83)		(79)
Cash from (used for) financing activities – continuing operations	[2]	(8,453)		(1,275)
Cash from (used for) financing activities – discontinued operations	[2]	1		(468)
Cash from (used for) financing activities	[2]	(8,453)		(1,743)
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash	[2]	(155)		(8)
Increase (decrease) in cash, cash equivalents and restricted cash	[2]	7,811		(468)
Cash, cash equivalents and restricted cash at beginning of year	[2]	17,617		20,528
Cash, cash equivalents and restricted cash at June 30	[2]	25,428		20,060
Less cash, cash equivalents and restricted cash of discontinued operations at June 30	[2]	0		3,143
Cash, cash equivalents and restricted cash of continuing operations at June 30	[2]	$ 25,428	[1]	$ 16,917
[1]	Represents the adding together of all GE Industrial affiliates and GE Capital continuing operations on a one-line basis. See Note 1.
[2]	Represents the adding together of all GE Industrial affiliates and the impact of GE Capital dividends 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, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
Net earnings (loss)	$ (2,132)	$ 104	$ 4,101	$ 3,749
Less net earnings (loss) attributable to noncontrolling interests	(145)	(23)	(111)	34
Net earnings (loss) attributable to the Company	(1,987)	127	4,212	3,716
Other comprehensive income (loss)
Investment securities	27	76	(14)	99
Currency translation adjustments	(57)	(141)	78	283
Cash flow hedges	53	(25)	(158)	12
Benefit plans	604	639	1,640	1,183
Other comprehensive income (loss)	627	547	1,545	1,577
Less: other comprehensive income (loss) attributable to noncontrolling interests	2	(85)	7	15
Other comprehensive income (loss) attributable to the Company	625	633	1,539	1,562
Comprehensive income (loss)	(1,505)	651	5,647	5,326
Less: comprehensive income (loss) attributable to noncontrolling interests	(143)	(109)	(104)	49
Comprehensive income (loss) attributable to the Company	$ (1,362)	$ 760	$ 5,751	$ 5,277

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY (UNAUDITED) - USD ($) $ in Millions	Total	Accumulated other comprehensive income (loss)	Investment securities	Currency translation adjustments	Cash flow hedges	Benefit plans	Other capital	Retained earnings	Common stock held in treasury	Changes in accountingRetained earnings
Beginning balance at Dec. 31, 2018		$ (14,414)					$ 35,504	$ 93,109	$ (83,925)	$ 368
Increase (Decrease) in Stockholders' Equity
Other comprehensive income (loss)	$ 1,577		$ 98	$ 260	$ 12	$ 1,192
Gains (losses) on treasury stock dispositions							(657)
Stock-based compensation							264
Other changes							(786)
Net earnings (loss) attributable to the Company	3,716							3,716
Dividends and other transactions with shareholders								(419)
Purchases									(45)
Dispositions									834
Ending balance at Jun. 30, 2019	56,129	(12,852)		(5,874)	26	(7,063)	34,324	96,773	(83,137)
Beginning balance at Mar. 31, 2019		(13,485)					34,345	96,921	(83,328)	0
Increase (Decrease) in Stockholders' Equity
Other comprehensive income (loss)	547		75	(64)	(23)	645
Gains (losses) on treasury stock dispositions							(150)
Stock-based compensation							124
Other changes							6
Net earnings (loss) attributable to the Company	127							127
Dividends and other transactions with shareholders								(274)
Purchases									(7)
Dispositions									198
Ending balance at Jun. 30, 2019	56,129	(12,852)		(5,874)	26	(7,063)	34,324	96,773	(83,137)
Preferred stock issued	6
Common stock issued	702
Increase (Decrease) in Stockholders' Equity
GE shareholders' equity balance	35,816
Noncontrolling interests balance (Note 15)	20,312
Preferred stock issued	6
Common stock issued	702
GE shareholders' equity balance	28,316
Noncontrolling interests balance (Note 15)	1,545
Beginning balance at Dec. 31, 2019	29,861	(11,732)					34,405	87,732	(82,797)	(175)
Increase (Decrease) in Stockholders' Equity
Other comprehensive income (loss)	1,545		(14)	75	(158)	1,636
Gains (losses) on treasury stock dispositions							(412)
Stock-based compensation							216
Other changes							83
Net earnings (loss) attributable to the Company	4,212							4,212
Dividends and other transactions with shareholders								(581)
Purchases									(22)
Dispositions									498
Ending balance at Jun. 30, 2020	35,254	(10,194)	47	(4,743)	(109)	(5,387)	34,292	91,188	(82,320)
Beginning balance at Mar. 31, 2020		(10,819)					34,296	93,615	(82,516)	$ 0
Increase (Decrease) in Stockholders' Equity
Other comprehensive income (loss)	627		27	(58)	53	604
Gains (losses) on treasury stock dispositions							(163)
Stock-based compensation							111
Other changes							48
Net earnings (loss) attributable to the Company	(1,987)							(1,987)
Dividends and other transactions with shareholders								(439)
Purchases									(8)
Dispositions									204
Ending balance at Jun. 30, 2020	35,254	$ (10,194)	$ 47	$ (4,743)	$ (109)	$ (5,387)	$ 34,292	$ 91,188	$ (82,320)
Preferred stock issued	6
Common stock issued	702
Increase (Decrease) in Stockholders' Equity
GE shareholders' equity balance	33,674
Noncontrolling interests balance (Note 15)	$ 1,579

CONSOLIDATED STATEMENT OF CHA_2

CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY (UNAUDITED) (Parenthetical) - USD ($) $ in Millions	6 Months Ended	12 Months Ended	15 Months Ended
	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2020
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Decrease in total equity balance		$ (20,875)
Reduction of non-controlling interest	$ 19,095
After tax gain (loss) in discontinued operations	2,553
Baker Hughes
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
After tax gain (loss) in discontinued operations	$ 0
BioPharma
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
After tax gain (loss) in discontinued operations			$ 11,199

BASIS OF PRESENTATION AND SUMMA

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 1. BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES. We present our financial statements in a three-column format, which allows investors to see our GE industrial operations separately from our financial services operations. We believe that this provides useful supplemental information to our consolidated financial statements. To the extent that we have transactions between GE and GE Capital, these transactions are made on arm's length terms, are reported in the respective columns of our financial statements and are eliminated in consolidation. See Note 20 for further information. Our financial statements are prepared in conformity with U.S. generally accepted accounting principles (GAAP), which requires us to make estimates based on assumptions about current and, for some estimates, future economic and market conditions which affect reported amounts and related disclosures in our financial statements. Although our current estimates contemplate current and expected future conditions, as applicable, it is reasonably possible that actual conditions could differ from our expectations, which could materially affect our results of operations and financial position. In particular, a number of estimates have been and will continue to be affected by the ongoing Coronavirus Disease 2019 (COVID-19) pandemic. The severity, magnitude and duration, as well as the economic consequences of the COVID-19 pandemic, are uncertain, rapidly changing and difficult to predict. As a result, our accounting estimates and assumptions may change over time in response to COVID-19. Such changes could result in future impairments of goodwill, intangibles, long-lived assets and investment securities, revisions to estimated profitability on long-term product service agreements, incremental credit losses on receivables and debt securities, a decrease in the carrying amount of our tax assets, or an increase in our insurance liabilities and pension obligations as of the time of a relevant measurement event. In preparing our Statement of Cash Flows, we make certain adjustments to reflect cash flows that cannot otherwise be calculated by changes in our Statement of Financial Position. These adjustments may include, but are not limited to, the effects of currency exchange, acquisitions and dispositions of businesses, businesses classified as held for sale, the timing of settlements to suppliers for property, plant and equipment, non-cash gains/losses and other balance sheet reclassifications. We have reclassified certain prior-period amounts to conform to the current-period’s 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. Earnings per share amounts are computed independently for earnings from continuing operations, earnings from discontinued operations and net earnings. As a result, the sum of per-share amounts may not equal the total. Unless otherwise indicated, information in these notes to the consolidated financial statements relates to continuing operations. Certain of our operations have been presented as discontinued. We present businesses whose disposal represents a strategic shift that has, or will have, a major effect on our operations and financial results as discontinued operations when the components meet the criteria for held for sale, are sold, or spun-off. See Note 2 for further information. The accompanying consolidated financial statements and notes are unaudited. 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. These consolidated financial statements should be read in conjunction with the financial statements and notes included in our Annual Report on Form 10-K for the year ended December 31, 2019 . Our significant accounting policies are described in Note 1 of our aforementioned Annual Report. We include herein certain updates to those policies. Allowance for credit losses. When we record customer receivables, contract assets and financing receivables arising from revenue transactions, as well as commercial mortgage loans and reinsurance recoverables in GE Capital’s run-off insurance operations, financial guarantees and certain commitments, we record an allowance for credit losses for the current expected credit losses (CECL) inherent in the asset over its expected life. The allowance for credit losses is a valuation account deducted from the amortized cost basis of the assets to present their net carrying value at the amount expected to be collected. Each period the allowance for credit losses is adjusted through earnings to reflect expected credit losses over the remaining lives of the assets. We evaluate debt securities with unrealized losses to determine whether any of the losses arise from concerns about the issuer’s credit or the underlying collateral and record an allowance for credit losses, if required. We estimate expected credit losses based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount. When measuring expected credit losses, we pool assets with similar country risk and credit risk characteristics. Changes in the relevant information may significantly affect the estimates of expected credit losses. ACCOUNTING CHANGES. On January 1, 2020, we adopted ASU No. 2016-13, Financial Instruments - Credit Losses (ASU 2016-13) . ASU 2016-13 requires us to prospectively record an allowance for credit losses for the current expected credit losses inherent in the asset over its expected life, replacing the incurred loss model that recognized losses only when they became probable and estimable. We recorded a $221 million increase in our allowance for credit losses and a $175 million decrease to retained earnings, net of tax, reflecting the cumulative effect on retained earnings. In March 2020, the SEC issued a final rule amending disclosure requirements for guarantors and issuers of registered guaranteed securities under SEC Regulation S-X, Rule 3-10. The final rule is effective for filings on or after January 4, 2021, however early application is permitted. As a result of the simplification provided by this rule, beginning with this quarterly report on Form 10-Q for the period ended June 30, 2020, we have elected to early adopt the disclosure requirements.

BUSINESSES HELD FOR SALE AND DI

BUSINESSES HELD FOR SALE AND DISCONTINUED OPERATIONS	6 Months Ended
	Jun. 30, 2020
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 March 31, 2020, we completed the sale of our BioPharma business within our Healthcare segment for total consideration of $ 21,149 million (after certain working capital adjustments). The consideration consisted of $20,732 million in cash and $417 million of pension liabilities that were assumed by Danaher. In addition, we incurred $154 million of cash payments directly associated with the transaction in the second quarter. As a result, we recognized a pre-tax gain of $12,341 million ( $11,199 million after tax) in our consolidated Statement of Earnings (Loss). In the first half of 2020, we sold all our remaining businesses classified as held for sale, including the remaining Lighting business within our Corporate segment and the remaining PK AirFinance business within our Capital segment. DISCONTINUED OPERATIONS . Discontinued operations primarily include our Baker Hughes and Transportation segments, and certain businesses in our GE Capital segment (our mortgage portfolio in Poland and trailing liabilities associated with the sale of our GE Capital businesses). Results of operations, financial position and cash flows for these businesses are reported as discontinued operations for all periods presented. In September 2019, we reduced our ownership interest in Baker Hughes from 50.2% to 36.8% and reclassified its results to discontinued operations for all periods presented. We have continuing involvement with Baker Hughes (BKR) primarily through our remaining interest, ongoing purchases and sales of products and services, transition services that we provide to BKR, as well as an aeroderivative joint venture (JV) we formed with BKR in the fourth quarter of 2019. The JV is jointly controlled by GE and BKR and is consolidated by GE due to the significance of our investment in BKR. Our Aviation segment sells products and services to the JV. In turn, the JV sells products and services primarily to BKR and our Power segment. Transactions between the JV and GE businesses are eliminated in consolidation. In the first half of 2020, we had sales of $252 million to BKR for products and services from the JV and we collected cash of $225 million . If our investment in BKR is reduced to below 20% , we would no longer have significant influence in BKR and, as a result, we would not consolidate the JV. A potential deconsolidation of the JV is not expected to have a material impact on GE Industrial free cash flows. In addition, in the first half of 2020, we had sales of $265 million and purchases of $101 million with BKR for products and services outside of the JV. We collected net cash of $451 million from BKR related to sales, purchases and transition services. In addition, we received $130 million of repayments on the promissory note receivable from BKR and dividends of $136 million on our investment. In February 2019, we completed the spin-off and subsequent merger of our Transportation business with Wabtec. As a result, we recorded a gain of $3,471 million ( $2,508 million after-tax) in discontinued operations. RESULTS OF DISCONTINUED OPERATIONS (In millions) Baker Hughes Transportation GE Capital Total Three months ended June 30 2020 2019 2020 2019 2020 2019 2020 2019 Operations Sales of goods and services $ — $ 5,953 $ — $ — $ — $ — $ — $ 5,953 GE Capital revenues from services — — — — 71 (48 ) 71 (48 ) Cost of goods and services sold — (4,954 ) — — — — — (4,954 ) Other income, costs and expenses (3 ) (981 ) 1 3 (62 ) (16 ) (64 ) (993 ) Earnings (loss) of discontinued operations before income taxes (3 ) 18 1 3 10 (64 ) 8 (42 ) Benefit (provision) for income taxes 2 (33 ) — (7 ) 8 302 9 261 Earnings (loss) of discontinued operations, net of taxes(a) $ (1 ) $ (15 ) $ 1 $ (4 ) $ 17 $ 238 $ 17 $ 219 Disposal Gain (loss) on disposal before income taxes (10 ) — — — — — (10 ) — Benefit (provision) for income taxes — — — — — — — — Gain (loss) on disposal, net of taxes $ (10 ) $ — $ — $ — $ — $ (1 ) $ (10 ) $ (1 ) Earnings (loss) from discontinued operations, net of taxes $ (11 ) $ (15 ) $ 1 $ (4 ) $ 17 $ 238 $ 7 $ 219 (In millions) Baker Hughes Transportation GE Capital Total Six months ended June 30 2020 2019 2020 2019 2020 2019 2020 2019 Operations Sales of goods and services $ — $ 11,569 $ — $ 549 $ — $ — $ — $ 12,118 GE Capital revenues from services — — — — (5 ) (9 ) (5 ) (9 ) Cost of goods and services sold — (9,631 ) — (478 ) — — — (10,109 ) Other income, costs and expenses (3 ) (1,768 ) (3 ) (6 ) (146 ) (89 ) (152 ) (1,863 ) Earnings (loss) of discontinued operations before income taxes (3 ) 170 (3 ) 65 (151 ) (98 ) $ (157 ) $ 137 Benefit (provision) for income taxes (11 ) (116 ) 6 (19 ) 4 327 — 192 Earnings (loss) of discontinued operations, net of taxes(a) $ (14 ) $ 55 $ 4 $ 46 $ (147 ) $ 228 $ (157 ) $ 329 Disposal Gain (loss) on disposal before income taxes (13 ) — — 3,471 — 47 $ (13 ) $ 3,517 Benefit (provision) for income taxes — — — (963 ) — (2 ) — (964 ) Gain (loss) on disposal, net of taxes $ (13 ) $ — $ — $ 2,508 $ — $ 45 $ (13 ) $ 2,553 Earnings (loss) from discontinued operations, net of taxes $ (27 ) $ 55 $ 4 $ 2,554 $ (147 ) $ 273 $ (171 ) $ 2,881 (a) Earnings (loss) of discontinued operations attributable to the Company after income taxes was $17 million and $242 million for the three months ended June 30, 2020 and 2019, respectively. Earnings (loss) of discontinued operations attributable to the Company after income taxes was $(155) million and $317 million for the six months ended June 30, 2020 and 2019, respectively. ASSETS AND LIABILITIES OF DISCONTINUED OPERATIONS (In millions) June 30, 2020 December 31, 2019 Cash, cash equivalents and restricted cash $ 477 $ 638 Investment securities 91 202 Current receivables 61 81 Financing receivables held for sale (Polish mortgage portfolio) 2,398 2,485 Property, plant, and equipment 112 123 Deferred income taxes 213 264 All other assets 265 317 Assets of discontinued operations(a) $ 3,617 $ 4,109 Accounts payable & Progress collections and deferred income $ 15 $ 40 All other liabilities(b) 220 163 Liabilities of discontinued operations(a) $ 235 $ 203 (a) Assets and liabilities of discontinued operations included $3,462 million and $84 million related to GE Capital as of June 30, 2020, respectively. (b) Included within All other liabilities of discontinued operations at June 30, 2020 and December 31, 2019, are intercompany tax receivables in the amount of $829 million and $839 million , respectively, primarily related to the financial services businesses that were part of the GE Capital Exit Plan, which are offset within All other liabilities of Consolidated GE.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	6 Months Ended
	Jun. 30, 2020
Investments, Debt and Equity Securities [Abstract]
INVESTMENT SECURITIES	NOTE 3. INVESTMENT SECURITIES . All of our debt securities are classified as available-for-sale and substantially all are investment-grade debt securities supporting obligations to annuitants and policyholders in our run-off insurance operations. Changes in fair value of our debt securities are recorded in Other comprehensive income. Equity securities with readily determinable fair values are included within this caption and changes in their fair value are recorded in earnings. June 30, 2020 December 31, 2019 (In millions) Amortized Gross Gross Estimated Amortized Gross Gross Estimated Debt U.S. corporate $ 23,540 $ 5,771 $ (136 ) $ 29,175 $ 23,037 $ 4,636 $ (11 ) $ 27,661 Non-U.S. corporate 2,185 337 (5 ) 2,517 2,161 260 (1 ) 2,420 State and municipal 3,235 826 (22 ) 4,039 3,086 598 (15 ) 3,669 Mortgage and asset-backed 3,497 97 (136 ) 3,458 3,117 116 (4 ) 3,229 Government and agencies 1,257 206 — 1,463 1,391 126 — 1,516 Equity 6,465 — — 6,465 10,025 — — 10,025 Total $ 40,179 $ 7,237 $ (300 ) $ 47,117 $ 42,816 $ 5,736 $ (31 ) $ 48,521 The amortized cost of debt securities as of June 30, 2020, excludes accrued interest of $413 million , which is reported in Other GE Capital receivables. The estimated fair values of investment securities at June 30, 2020 decreased since December 31, 2019, primarily due to the mark-to-market effects on our remaining interest in BKR, partially offset by a decrease in market yields and new investments in our insurance business. The fair value of the remaining BKR interest and promissory note receivable was $5,910 million at June 30, 2020. Gross unrealized losses of $(271) million and $(29) million are associated with debt securities with a fair value of $3,066 million and $168 million that have been in a loss position for less than 12 months and 12 months or more, respectively, at June 30, 2020. Gross unrealized losses of $(11) million and $(20) million are associated with debt securities with a fair value of $724 million and $274 million that have been in a loss position for less than 12 months and 12 months or more, respectively, at December 31, 2019. At June 30, 2020, gross unrealized losses of $(300) million included $(136) million related to U.S. corporate securities, primarily in the energy industry, and $(113) million related to commercial mortgage-backed securities (CMBS). Substantially all of our CMBS in an unrealized loss position have received investment-grade credit ratings from the major rating agencies and are collateralized by pools of commercial mortgage loans on real estate. Net unrealized gains (losses) for equity securities with readily determinable fair values, which are recorded in Other income within continuing operations, were $1,929 million and $(51) million for the three months ended and $(3,843) million and $(42) million for the six months ended June 30, 2020 and 2019, respectively. The amount recognized in the six months ended June 30, 2020 primarily included a loss of $3,865 million related to our interest in BKR. Proceeds from debt and equity securities sales, early redemptions by issuers and principal payments on the BKR promissory note totaled $1,450 million and $2,913 million for the three months ended and $2,705 million and $4,334 million for the six months ended June 30, 2020 and 2019, respectively. Gross realized gains on investment securities were $82 million and $32 million for the three months ended and $128 million and $76 million for the six months ended June 30, 2020 and 2019, respectively. Gross realized losses and impairments were $(69) million and $(67) million for the three months ended and $(85) million and $(105) million for the six months ended June 30, 2020 and 2019, respectively. Contractual maturities of investments in debt securities (excluding mortgage and asset-backed securities) at June 30, 2020 are due as follows: (In millions) Amortized cost Estimated fair value Within one year $ 643 $ 657 After one year through five years 2,483 2,676 After five years through ten years 6,516 7,599 After ten years 20,575 26,261 We expect actual maturities to differ from contractual maturities because issuers have the right to call or prepay certain obligations. Substantially all our equity securities are classified within Level 1 and substantially all our debt securities are classified within Level 2, as their valuation is determined based on significant observable inputs. Investments with a fair value of $5,453 million and $5,210 million are classified within Level 3, as significant inputs to the valuation model are unobservable at June 30, 2020 and December 31, 2019, respectively. During the six months ended June 30, 2020 and 2019, there were no significant transfers into or out of Level 3. In addition to the equity securities described above, we hold $288 million and $517 million of equity securities without readily determinable fair value at June 30, 2020 and December 31, 2019, respectively, that are classified within All other assets in our consolidated Statement of Financial Position. Fair value adjustments, including impairments, recorded in earnings were $(65) million and $29 million for the three months ended and $(159) million and $23 million for the six months ended June 30, 2020 and 2019, respectively.

CURRENT AND LONG-TERM RECEIVABL

CURRENT AND LONG-TERM RECEIVABLES	6 Months Ended
	Jun. 30, 2020
Receivables [Abstract]
CURRENT AND LONG-TERM RECEIVABLES	NOTE 4. CURRENT AND LONG-TERM RECEIVABLES CURRENT RECEIVABLES Consolidated GE (In millions) June 30, 2020 December 31, 2019 June 30, 2020 December 31, 2019 Customer receivables(a) $ 12,361 $ 12,594 $ 8,879 $ 9,507 Sundry receivables(b)(c) 4,840 5,049 5,021 5,247 Allowance for credit losses(d) (1,160 ) (874 ) (1,157 ) (872 ) Total current receivables $ 16,041 $ 16,769 $ 12,744 $ 13,883 (a) Includes Aviation receivables from CFM due to 737 MAX temporary fleet grounding of $1,367 million and $1,397 million as of June 30, 2020 and December 31, 2019, respectively. During 2020, CFM and Boeing reached an agreement to secure payment terms for engines delivered in 2019 and 2020, net of progress collections. Based on the agreement, the receivable is expected to be collected from Boeing through the first quarter of 2021. (b) Includes supplier advances, revenue sharing programs receivables in our Aviation business, other non-income based tax receivables, primarily value-added tax related to our operations in various countries outside of the U.S., receivables from disposed businesses, including receivables for transactional services agreements and certain intercompany balances that eliminate upon consolidation. Revenue sharing program receivables in Aviation are amounts due from third parties who participate in engine programs by developing and supplying certain engine components through the life of the program. The participants share in program revenues, receive a share of customer progress payments and share costs related to discounts and warranties. (c) Consolidated current receivables include deferred purchase price which represents our retained risk with respect to current customer receivables sold to third parties through one of the receivable facilities. The balance of the deferred purchase price held by GE Capital at June 30, 2020 and December 31, 2019 was $ 537 million and $ 421 million, respectively. (d) GE allowance for credit losses primarily increased due to net new provisions of $272 million , offset by write-offs and foreign currency impact. Sales of GE current customer receivables. When GE sells customer receivables to GE Capital or third parties it accelerates the receipt of cash that would otherwise have been collected from customers. In any given period, the amount of cash received from sales of customer receivables compared to the cash GE would have otherwise collected had those customer receivables not been sold represents the cash generated or used in the period relating to this activity. GE sales of customer receivables to GE Capital or third parties are made on arm's length terms and any discount related to time value of money is recognized by GE when the customer receivables are sold. As of June 30, 2020 and 2019, GE sold approximately 45% and 59% , respectively, of its gross customer receivables to GE Capital or third parties. Activity related to customer receivables sold by GE is as follows: (In millions) 2020 2019 GE Capital Third Parties GE Capital Third Parties Balance at January 1 $ 3,087 $ 6,757 $ 4,386 $ 7,880 GE sales to GE Capital 16,964 — 20,009 — GE sales to third parties 773 — 2,760 GE Capital sales to third parties (9,931 ) 9,931 (13,836 ) 13,836 Collections and other (6,807 ) (13,565 ) (7,140 ) (17,644 ) Reclassification from long-term customer receivables 170 — 209 — Balance at June 30 $ 3,482 (a) $ 3,897 $ 3,627 (a) $ 6,831 (a) At June 30, 2020 and 2019, $ 661 million and $ 964 million , respectively, of the current receivables purchased and retained by GE Capital had been sold by GE to GE Capital with recourse (i.e., GE retains all or some risk of default). The effect on GE cash flows from operating activities (CFOA) of claims by GE Capital on receivables sold with recourse was insignificant for the six months ended June 30, 2020 and 2019. LONG-TERM RECEIVABLES Consolidated GE (In millions) June 30, 2020 December 31, 2019 June 30, 2020 December 31, 2019 Long-term customer receivables(a) $ 688 $ 906 $ 465 $ 506 Long-term sundry receivables(b) 1,399 1,504 1,792 1,834 Allowance for credit losses (127 ) (128 ) (127 ) (128 ) Total long-term receivables $ 1,960 $ 2,282 $ 2,130 $ 2,212 (a) At June 30, 2020 and December 31, 2019, GE Capital held $223 million and $400 million , respectively, of GE long-term customer receivables, of which $197 million and $312 million had been purchased with recourse (i.e., GE retains all or some risk of default). GE sold an insignificant amount of long-term customer receivables during the six months ended June 30, 2020 and 2019. (b) Includes supplier advances, revenue sharing programs receivables, other non-income based tax receivables and certain intercompany balances that eliminate upon consolidation. UNCONSOLIDATED RECEIVABLES FACILITIES . GE Capital has two revolving receivables facilities, under which customer receivables purchased from GE are sold to third parties. In the first facility, which has a program size of $3,000 million , upon the sale of receivables, we receive proceeds of cash and deferred purchase price and the Company’s remaining risk with respect to the sold receivables is limited to the balance of the deferred purchase price. In the second facility, which has a program size of $800 million , upon the sale of receivables, we receive proceeds of cash only and therefore the Company has no remaining risk with respect to the sold receivables. The program size of the second facility decreased from $1,200 million to $800 million during the six months ended June 30, 2020. Activity related to these facilities is included in the GE Capital sales to third parties line in the sales of GE current customer receivables table above and is as follows: Six months ended June 30 (In millions) 2020 2019 Customer receivables sold to receivables facilities $ 7,679 $ 10,786 Total cash purchase price for customer receivables 7,240 10,497 Cash collections re-invested to purchase customer receivables 6,453 8,830 Non-cash increases to deferred purchase price $ 390 $ 137 Cash payments received on deferred purchase price 274 220 CONSOLIDATED SECURITIZATION ENTITIES . GE Capital consolidates three variable interest entities (VIEs) that purchased customer receivables and long-term customer receivables from GE. At June 30, 2020 and December 31, 2019, these VIEs held current customer receivables of $1,386 million and $2,080 million and long-term customer receivables of $217 million and $375 million , respectively. At June 30, 2020 and December 31, 2019, the outstanding non-recourse debt under their respective debt facilities was $396 million and $1,655 million , respectively.

FINANCING RECEIVABLES AND ALLOW

FINANCING RECEIVABLES AND ALLOWANCES	6 Months Ended
	Jun. 30, 2020
Receivables [Abstract]
FINANCING RECEIVABLES AND ALLOWANCES	NOTE 5. FINANCING RECEIVABLES AND ALLOWANCES Consolidated GE Capital (In millions) June 30, 2020 December 31, 2019 June 30, 2020 December 31, 2019 Loans, net of deferred income $ 1,212 $ 1,098 $ 5,049 $ 4,927 Investment in financing leases, net of deferred income 1,955 2,070 1,955 2,070 3,167 3,168 7,004 6,996 Allowance for losses (72 ) (33 ) (45 ) (17 ) Financing receivables – net $ 3,095 $ 3,134 $ 6,959 $ 6,979 Consolidated finance lease income was $34 million and $45 million in the three months ended June 30, 2020 and 2019, respectively, and $78 million and $91 million in the six months ended June 30, 2020 and 2019, respectively. We manage our GE Capital financing receivables portfolio using delinquency and nonaccrual data as key performance indicators. At June 30, 2020, 8.5% , 4.7% and 4.6% of financing receivables were over 30 days past due, over 90 days past due and on nonaccrual, respectively, with the vast majority of nonaccrual financing receivables secured by collateral. At December 31, 2019, 4.2% , 2.9% and 6.1% of financing receivables were over 30 days past due, over 90 days past due and on nonaccrual, respectively. GE Capital financing receivables that comprise receivables purchased from GE are reclassified to either Current receivables or All other assets in our consolidated Statement of Financial Position. To the extent these receivables are purchased with full or limited recourse, they are excluded from the delinquency and nonaccrual data above. See Note 4 for further information.

INVENTORIES

INVENTORIES	6 Months Ended
	Jun. 30, 2020
Inventory Disclosure [Abstract]
INVENTORIES	NOTE 6. INVENTORIES (In millions) June 30, 2020 December 31, 2019 Raw materials and work in process $ 8,976 $ 8,771 Finished goods 6,275 5,333 Total inventories $ 15,251 $ 14,104

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	6 Months Ended
	Jun. 30, 2020
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT	NOTE 7. PROPERTY, PLANT AND EQUIPMENT (In millions) June 30, 2020 December 31, 2019 Original cost $ 76,137 $ 75,187 Less accumulated depreciation and amortization (33,317 ) (31,897 ) Property, plant and equipment – net $ 42,821 $ 43,290 Consolidated depreciation and amortization on property, plant and equipment was $1,290 million and $970 million for the three months ended June 30, 2020 and 2019 , respectively, and $2,281 million and $1,965 million in the six months ended June 30, 2020 and 2019, respectively. During the three and six months ended June 30, 2020, our GECAS business recognized pre-tax impairments of $292 million and $337 million , respectively, on its fixed-wing aircraft operating lease portfolio. Pre-tax impairments were insignificant for the three and six months ended June 30, 2019. We determined the fair values of these assets using primarily the income approach. These charges are included in costs of services sold within the Statement of Earnings (Loss) and within our Capital segment. Income on our operating lease portfolio, primarily from our GECAS business, was $795 million and $1,017 million for the three months ended June 30, 2020 and 2019, respectively, and comprised fixed lease income of $714 million and $774 million and variable lease income of $82 million and $243 million , respectively. Income on our operating lease portfolio was $1,672 million and $1,949 million for the six months ended June 30, 2020 and 2019, respectively, and comprises fixed lease income of $1,419 million and $1,539 million and variable lease income of $253 million and $411 million , respectively. Operating Lease Assets and Liabilities. Our consolidated Right of use operating lease (ROU) assets, included within property, plant and equipment in our Statement of Financial Position were $2,683 million and $2,896 million , as of June 30, 2020 and December 31, 2019, respectively. Our consolidated operating lease liabilities, included in All other liabilities in our Statement of Financial Position, were $2,930 million and $3,162 million , as of June 30, 2020 and December 31, 2019, respectively, which included GE Industrial operating lease liabilities of $3,117 million and $3,369 million , respectively. OPERATING LEASE EXPENSE Three months ended June 30 Six months ended June 30 (In millions) 2020 2019 2020 2019 Long-term (fixed) $ 183 $ 219 $ 360 $ 445 Long-term (variable) 24 27 45 71 Short-term 54 43 123 90 Total operating lease expense $ 261 $ 289 $ 528 $ 606

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	6 Months Ended
	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER INTANGIBLE ASSETS	NOTE 8. GOODWILL AND OTHER INTANGIBLE ASSETS GOODWILL (In millions) January 1, 2020 Impairments Currency exchange Balance at Power $ 145 $ — $ — $ 145 Renewable Energy 3,290 — (67 ) 3,223 Aviation 9,859 (877 ) 8 8,989 Healthcare 11,728 — (4 ) 11,723 Capital 839 (839 ) — — Corporate 873 — (3 ) 871 Total $ 26,734 $ (1,717 ) $ (66 ) $ 24,951 We test goodwill for impairment annually in the fourth quarter. 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 market capitalization below book value (and the magnitude and duration of those declines), if any. Due to the impact of recent events, including challenges from declines in current market conditions, we performed an interim impairment test at our Additive reporting unit within our Aviation segment and GECAS reporting unit within our Capital segment in the second quarter of 2020, both of which incorporated a combination of income and market valuation approaches. The results of the analysis indicated that carrying values of both reporting units were in excess of their respective fair values. Therefore, we recorded non-cash impairment losses of $877 million and $839 million for the Additive and GECAS reporting units, respectively, in the caption Goodwill impairments in our consolidated Statement of Earnings (Loss). All of the goodwill in Additive was the result of the Arcam AB and Concept Laser GmBH acquisitions in 2016. Of the $839 million of goodwill for GECAS, $729 million arose from the acquisition of Milestone Aviation, our helicopter leasing business, in 2015. After the impairment charges, there is $222 million goodwill remaining in our Additive reporting unit and no goodwill remaining in our GECAS reporting unit. Since the fair value of our Additive reporting unit now equals its carrying value, we will continue to monitor the remaining goodwill in this reporting unit for impairment in future periods. Also, in the second quarter of 2020, we performed an analysis of the impact of recent events, including business and industry specific considerations, on the fair value of our Grid Solutions software reporting unit in our Digital business within Corporate and concluded an interim impairment test was not required. While the goodwill of this reporting unit is not currently impaired there can be no assurances that goodwill will not be impaired in future periods. We will continue to monitor the operating results, cash flow forecasts and challenges from declines in current market conditions, as well as impacts of COVID-19 for this reporting unit as its fair value is not significantly in excess of its carrying value. At June 30, 2020, goodwill in our Grid Solutions software reporting unit was $871 million . OTHER INTANGIBLE ASSETS - NET (In millions) June 30, 2020 December 31, 2019 Intangible assets subject to amortization $ 10,168 $ 10,653 Intangible assets decreased in the second quarter of 2020, primarily as a result of amortization . Consolidated amortization expense was $308 million and $357 million in the three months ended June 30, 2020 and 2019, respectively, and $ 648 million and $724 million

REVENUES

REVENUES	6 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
REVENUES	NOTE 9. REVENUES. The equipment and services revenues classification in the table below is consistent with our segment MD&A presentation. EQUIPMENT & SERVICES REVENUES Three months ended June 30 (In millions) 2020 2019 Equipment Services Total Equipment Services Total Power $ 1,488 $ 2,669 $ 4,156 $ 1,463 $ 3,218 $ 4,681 Renewable Energy 2,722 783 3,505 2,867 760 3,627 Aviation 2,031 2,352 4,384 3,033 4,844 7,877 Healthcare 2,050 1,843 3,893 2,838 2,095 4,934 Corporate items and industrial eliminations 9 120 129 69 229 298 Total GE Industrial revenues $ 8,299 $ 7,767 $ 16,066 $ 10,269 $ 11,147 $ 21,416 Six months ended June 30 (In millions) 2020 2019 Equipment Services Total Equipment Services Total Power $ 2,994 $ 5,187 $ 8,181 $ 3,039 $ 6,259 $ 9,298 Renewable Energy 5,298 1,401 6,698 4,848 1,317 6,165 Aviation 4,475 6,801 11,276 6,146 9,685 15,831 Healthcare 4,749 3,872 8,620 5,492 4,125 9,616 Corporate items and industrial eliminations (39 ) 174 135 352 478 830 Total GE Industrial revenues $ 17,476 $ 17,434 $ 34,910 $ 19,878 $ 21,863 $ 41,740 REVENUES Three months ended June 30 Six months ended June 30 (In millions) 2020 2019 2020 2019 Gas Power $ 3,077 $ 3,246 $ 5,936 $ 6,510 Power Portfolio 1,079 1,434 2,244 2,788 Power $ 4,156 $ 4,681 $ 8,181 $ 9,298 Onshore Wind $ 2,487 $ 2,450 $ 4,612 $ 3,891 Grid Solutions equipment and services 812 935 1,652 1,852 Hydro, Offshore Wind and other 205 242 435 422 Renewable Energy $ 3,505 $ 3,627 $ 6,698 $ 6,165 Commercial Engines & Services $ 2,232 $ 5,848 $ 7,009 $ 11,797 Military 1,161 976 2,121 2,013 Systems & Other 990 1,052 2,146 2,021 Aviation $ 4,384 $ 7,877 $ 11,276 $ 15,831 Healthcare Systems $ 3,523 $ 3,589 $ 6,971 $ 7,021 Pharmaceutical Diagnostics 370 517 820 1,003 BioPharma — 828 830 1,593 Healthcare $ 3,893 $ 4,934 $ 8,620 $ 9,616 Corporate items and industrial eliminations 129 298 135 830 Total GE Industrial revenues $ 16,066 $ 21,416 $ 34,910 $ 41,740 Capital 1,845 2,321 3,768 4,548 GE Capital-GE eliminations $ (162 ) $ (323 ) $ (406 ) $ (672 ) Consolidated revenues $ 17,750 $ 23,414 $ 38,273 $ 45,616 REMAINING PERFORMANCE OBLIGATION . As of June 30, 2020, the aggregate amount of the contracted revenues allocated to our unsatisfied (or partially unsatisfied) performance obligations was $227,598 million . We expect to recognize revenue as we satisfy our remaining performance obligations as follows: (1) equipment-related remaining performance obligation of $44,411 million, of which 63% , 83% and 97% is expected to be satisfied within 1 , 2 and 5 years , respectively, and the remaining thereafter; and (2) services-related remaining performance obligation of $183,188 million, of which 11% , 43% , 67% and 82% 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 AND OTHER DEFERRED ASS

CONTRACT AND OTHER DEFERRED ASSETS & PROGRESS COLLECTIONS AND DEFERRED INCOME	6 Months Ended
	Jun. 30, 2020
Contractors [Abstract]
CONTRACT AND OTHER DEFERRED ASSETS & PROGRESS COLLECTIONS AND DEFERRED INCOME	NOTE 10. CONTRACT AND OTHER DEFERRED ASSETS & PROGRESS COLLECTIONS AND DEFERRED INCOME Contract and other deferred assets decrease d $1,246 million in the first half of 2020 . Our long-term service agreements decrease d primarily due to billings of $4,527 million and a net unfavorable change in estimated profitability of $791 million at Aviation and $22 million at Power, offset by revenues recognized of $4,670 million . The decrease in long-term service agreements at Aviation included a $536 million pre-tax charge to reflect the cumulative impacts of changes to billing and cost assumptions for certain long-term service agreements, reflecting lower engine utilization, anticipated customer fleet restructuring and contract modifications. Additional adjustments could occur in future periods and could be material for certain long-term service agreements if actual customer operating behavior differs significantly from Aviation's current estimates. June 30, 2020 (In millions) Power Aviation Renewable Energy Healthcare Other Total Revenues in excess of billings $ 5,323 $ 4,404 $ — $ — $ — $ 9,728 Billings in excess of revenues (1,505 ) (3,910 ) — — — (5,415 ) Long-term service agreements(a) 3,818 494 — — — 4,312 Short-term and other service agreements 152 343 41 187 37 759 Equipment contract revenues(b) 2,415 76 1,249 307 155 4,202 Total contract assets 6,385 913 1,290 494 192 9,273 Deferred inventory costs 933 475 982 339 — 2,730 Nonrecurring engineering costs 24 2,355 41 32 — 2,452 Customer advances and other(c) — 1,132 — — (32 ) 1,100 Contract and other deferred assets $ 7,342 $ 4,875 $ 2,313 $ 865 $ 160 $ 15,555 December 31, 2019 (In millions) Revenues in excess of billings $ 5,342 $ 4,996 $ — $ — $ — $ 10,338 Billings in excess of revenues (1,561 ) (3,719 ) — — — (5,280 ) Long-term service agreements(a) 3,781 1,278 — — — 5,058 Short-term and other service agreements 190 316 43 169 — 717 Equipment contract revenues(b) 2,508 82 1,217 324 106 4,236 Total contract assets 6,478 1,675 1,260 492 106 10,011 Deferred inventory costs 943 287 1,677 359 — 3,267 Nonrecurring engineering costs 44 2,257 47 35 8 2,391 Customer advances and other(c) — 1,165 — — (32 ) 1,133 Contract and other deferred assets $ 7,465 $ 5,384 $ 2,985 $ 886 $ 82 $ 16,801 (a) Included amounts due from customers at Aviation for the sales of engines, spare parts and services, which we will collect through higher usage-based fees from servicing equipment under long-term service agreements, totaling $1,791 million and $1,712 million as of June 30, 2020 and December 31, 2019 , respectively. The corresponding discount is recorded within liabilities as Deferred income and amounted to $297 million and $308 million as of June 30, 2020 and December 31, 2019 , respectively. (b) Included are amounts due from customers at Power for the sale of services upgrades, which we collect through incremental fixed or usage-based fees from servicing the equipment under long-term service agreements, totaling $862 million and $909 million as of June 30, 2020 and December 31, 2019 , respectively. (c) Included advances to and amounts due from customers at Aviation for the sale of engines, spare parts and services, which we will collect through incremental fees for goods and services to be delivered in future periods, totaling $955 million and $986 million as of June 30, 2020 and December 31, 2019 , respectively. The corresponding discount is recorded within liabilities as Deferred income and amounted to $262 million and $256 million as of June 30, 2020 and December 31, 2019 , respectively. Progress collections and deferred income decrease d $604 million in the first half of 2020 primarily due to the timing of revenue recognition in excess of new collections received, primarily at Power and Renewable Energy. These decreases were partially offset by early payments received at our Aviation Military equipment business of $708 million in the second quarter of 2020 as part of the U.S. Department of Defense's efforts to support vendors in its supply chain during the pandemic. Revenues recognized for contracts included in liability position at the beginning of the year were $6,585 million and $7,498 million for the six months ended June 30, 2020 and 2019 , respectively . June 30, 2020 (In millions) Power Aviation Renewable Energy Healthcare Other Total Progress collections on equipment contracts $ 5,011 $ 152 $ 1,184 $ — $ — $ 6,347 Other progress collections 431 5,324 3,716 343 171 9,985 Total progress collections 5,441 5,476 4,901 343 171 16,332 Deferred income(a) 48 1,569 329 1,691 121 3,759 GE Progress collections and deferred income $ 5,489 $ 7,046 $ 5,230 $ 2,034 $ 292 $ 20,091 December 31, 2019 (In millions) Progress collections on equipment contracts $ 5,857 $ 115 $ 1,268 $ — $ — $ 7,240 Other progress collections 413 4,748 4,193 305 189 9,849 Total progress collections 6,270 4,863 5,461 305 189 17,089 Deferred income(a) 49 1,528 284 1,647 98 3,606 GE Progress collections and deferred income $ 6,319 $ 6,391 $ 5,745 $ 1,952 $ 287 $ 20,694 (a) Included in this balance are finance discounts associated with customer advances at Aviation of $560 million and $564 million as of June 30, 2020 and December 31, 2019 , respectively.

BORROWINGS

BORROWINGS	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
BORROWINGS	NOTE 11. BORROWINGS (In millions) June 30, 2020 December 31, 2019 Commercial paper $ 505 $ 3,008 Current portion of long-term borrowings 38 766 Current portion of long-term borrowings assumed by GE 3,679 5,473 Other 1,194 1,832 Total GE short-term borrowings $ 5,416 $ 11,079 Current portion of long-term borrowings $ 4,000 $ 11,226 Intercompany payable to GE 3,237 2,104 Other 601 804 Total GE Capital short-term borrowings $ 7,837 $ 14,134 Eliminations (4,195 ) (3,140 ) Total short-term borrowings $ 9,059 $ 22,072 Senior notes $ 18,387 $ 14,762 Senior notes assumed by GE 20,046 23,024 Subordinated notes assumed by GE 1,673 2,871 Other 293 324 Total GE long-term borrowings $ 40,398 $ 40,980 Senior notes $ 31,253 $ 25,371 Subordinated notes 188 178 Intercompany payable to GE 17,435 17,038 Other 584 626 Total GE Capital long-term borrowings $ 49,460 $ 43,213 Eliminations (17,435 ) (17,038 ) Total long-term borrowings $ 72,423 $ 67,155 Non-recourse borrowings of consolidated securitization entities 396 1,655 Total borrowings $ 81,878 $ 90,882 At June 30, 2020 , the outstanding GE Capital borrowings that had been assumed by GE as part of the GE Capital Exit Plan was $25,398 million ( $3,679 million short term and $21,719 million long term), for which GE has an offsetting Receivable from GE Capital of $20,672 million . The difference of $4,726 million ( $442 million in short-term borrowings and $4,284 million in long-term borrowings) represents the amount of borrowings GE Capital had funded with available cash to GE via intercompany loans in lieu of GE issuing borrowings externally. GE repaid a total of $7.5 billion of intercompany loans from GE Capital in the second quarter of 2020. At June 30, 2020 , total GE borrowings of $25,142 million comprised GE-issued borrowings of $20,416 million and intercompany loans from GE Capital to GE of $4,726 million as described above. GE has 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 issued by GE Capital. This guarantee applies to $32,426 million and $34,683 million of GE Capital debt at June 30, 2020 and December 31, 2019, respectively. Non-recourse borrowings of consolidated securitization entities included an insignificant amount and $1,569 million of current portion of long-term borrowings at June 30, 2020 and December 31, 2019, respectively. See Notes 4 and 18 for further information. In the second quarter of 2020, GE issued a total of $7,500 million in aggregate principal amount of senior unsecured debt, comprising $1,000 million of 3.450% Notes due 2027, $1,250 million of 3.625% Notes due 2030, $1,500 million of 4.250% Notes due 2040, and $3,750 million of 4.350% Notes due 2050, and used these proceeds in addition to a portion of the proceeds from the BioPharma sale to repay a total of $7,500 million of intercompany loans to GE Capital and to complete a tender offer to purchase $4,237 million in aggregate principal amount of certain GE unsecured debt, comprising $2,046 million of 2.700% Notes due 2022, €934 million ( $1,011 million equivalent) of 0.375% Notes due 2022, €425 million ( $460 million equivalent) of 1.250% Notes due 2023, €376 million ( $407 million equivalent) of floating-rate Notes due 2020, and $312 million of 3.375% Notes due 2024. The total cash consideration paid for these purchases was $4,282 million and the total carrying amount of the purchased notes was $4,228 million , resulting in a loss of $63 million (including $9 million of fees and other costs associated with the tender) which was recorded in Interest and other financial charges in the GE Statement of Earnings (Loss). In addition to the purchase price, GE paid any accrued and unpaid interest on the purchased notes through the date of purchase. In the second quarter of 2020 , GE Capital issued a total of $6,000 million in aggregate principal amount of senior unsecured debt with maturities ranging from 2025 to 2032, and used these proceeds in addition to the proceeds received from repayments of intercompany loans from GE to complete tender offers to purchase a total of $9,787 million in aggregate principal amount of certain senior unsecured debt. The total cash consideration paid for these purchases was $9,950 million and the total carrying amount of the purchased notes was $9,827 million , resulting in a total loss of $143 million (including $20 million of fees and other costs associated with the tender) which was recorded in Interest and other financial charges in the GE Capital Statement of Earnings (Loss). In addition to the purchase price, GE Capital paid any accrued and unpaid interest on the purchased notes through the date of purchase. See Note 17 for further information about borrowings and associated interest rate swaps.

INSURANCE LIABILITIES AND ANNUI

INSURANCE LIABILITIES AND ANNUITY BENEFITS	6 Months Ended
	Jun. 30, 2020
Insurance [Abstract]
INSURANCE LIABILITIES AND ANNUITY BENEFITS	NOTE 12. INSURANCE LIABILITIES AND ANNUITY BENEFITS. Insurance liabilities and annuity benefits comprise mainly obligations to annuitants and insureds in our run-off insurance activities. June 30, 2020 (In millions) Long-term care insurance contracts Structured settlement annuities & life insurance contracts Other Other adjustments(a) Total Future policy benefit reserves $ 16,794 $ 9,385 $ 179 $ 6,873 $ 33,231 Claim reserves 4,330 282 1,087 — 5,699 Investment contracts — 1,085 1,044 — 2,129 Unearned premiums and other 27 187 143 — 357 21,151 10,939 2,453 6,873 41,416 Eliminations — — (462 ) — (462 ) Total $ 21,151 $ 10,939 $ 1,991 $ 6,873 $ 40,954 December 31, 2019 (In millions) Future policy benefit reserves $ 16,755 $ 9,511 $ 183 $ 5,655 $ 32,104 Claim reserves 4,238 252 1,125 — 5,615 Investment contracts — 1,136 1,055 — 2,191 Unearned premiums and other 30 196 96 — 322 21,023 11,095 2,459 5,655 40,232 Eliminations — — (406 ) — (406 ) Total $ 21,023 $ 11,095 $ 2,053 $ 5,655 $ 39,826 (a) To the extent that unrealized gains on specific investment 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 after-tax reduction of net unrealized gains recognized through Accumulated other comprehensive income (loss) (AOCI) in our consolidated Statement of Earnings (Loss). The increase in insurance liabilities and annuity benefits of $1,128 million from December 31, 2019 to June 30, 2020, is primarily due to an adjustment of $1,218 million resulting from an increase in unrealized gains on investment securities that would result in a premium deficiency should those gains be realized. Claim reserves included incurred claims of $945 million and $981 million , of which insignificant amounts related to the recognition of adjustments to prior year claim reserves arising from our periodic reserve evaluation for the six months ended June 30, 2020 and 2019, respectively. Paid claims were $888 million and $824 million in the six months ended June 30, 2020 and 2019, respectively. Reinsurance recoverables are recorded when we cede insurance risk to third parties but are not relieved from our primary obligation to policyholders and cedents. These amounts, net of allowances of $1,430 million and $1,355 million , are included in Other GE Capital receivables in our consolidated Statement of Financial Position and amounted to $2,465 million and $2,416 million at June 30, 2020 and December 31, 2019, respectively.

POSTRETIREMENT BENEFIT PLANS

POSTRETIREMENT BENEFIT PLANS	6 Months Ended
	Jun. 30, 2020
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 that we present in three categories, principal pension plans, other pension plans and principal retiree benefit plans. Principal pension plans represent the GE Pension Plan and the GE Supplementary Pension Plan. Other pension plans include U.S. and non-U.S. pension plans with pension assets or obligations greater than $50 million . 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. Smaller pension plans with pension assets or obligations less than $50 million and other retiree benefit plans are not presented. EFFECT ON OPERATIONS OF BENEFIT PLANS. The components of benefit plans costs other than the service cost are included in the caption Non-operating benefit costs in our consolidated Statement of Earnings (Loss). Principal pension plans Three months ended June 30 Six months ended June 30 (In millions) 2020 2019 2020 2019 Service cost for benefits earned $ 192 $ 160 $ 345 $ 318 Prior service cost amortization 37 34 74 67 Expected return on plan assets (748 ) (862 ) (1,496 ) (1,725 ) Interest cost on benefit obligations 589 723 1,176 1,449 Net actuarial loss amortization 851 770 1,699 1,533 Curtailment/settlement loss (gain) — — — 51 Benefit plans cost $ 921 $ 825 $ 1,798 $ 1,693 Principal retiree benefit plans income was $22 million and $30 million for the three months ended June 30, 2020 and 2019, and $54 million and $91 million for the six months ended June 30, 2020 and 2019, respectively, which includes a curtailment gain of $33 million in 2019 resulting from the Transportation transaction. Other pension plans cost were immaterial for the three months ended June 30, 2020 and 2019, and for the six months ended June 30, 2020 and 2019. We also have a defined contribution plan for eligible U.S. employees that provides discretionary contributions. Defined contribution plan costs were $87 million and $90 million for the three months ended June 30, 2020 and 2019, and $182 million and $191 million for the six months ended June 30, 2020 and 2019, respectively.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 14. INCOME TAXES. Our consolidated effective income tax rate was (3.3)% and (5.0)% during the six months ended June 30, 2020 and 2019, respectively. The negative rates for 2020 and 2019 reflect tax benefits on pre-tax income. The rate for 2020 is lower than the U.S. statutory rate primarily due to the lower tax rate on the sale of our BioPharma business. The low tax rate on the sale reflects gain outside the U.S. taxed at lower than 21% and because we recorded $633 million of the tax associated with preparatory steps for the transaction in the fourth quarter of 2019. This was partially offset by the largely non-deductible goodwill impairment charges associated with our Additive business within our Aviation segment and our GECAS business within our Capital segment. The rate for 2019 benefited from favorable audit resolutions, U.S. business credits and the lower-taxed disposition of our Digital ServiceMax business. This was partially offset by the cost of global activities, including the base erosion and global intangible low tax income provisions and from a largely non-deductible goodwill impairment charge associated with our Grid Solutions equipment and services business within our Renewable Energy segment. The Internal Revenue Service (IRS) is currently auditing our consolidated U.S. income tax returns for 2014-2015 and 2016-2018. It is possible the 2014-2015 audit will be completed in the next 12 months. The United Kingdom tax authorities disallowed interest deductions claimed by GE Capital for the years 2004-2015 that could result in a potential impact of approximately $1 billion , which includes a possible assessment of tax and reduction of deferred tax assets, not including interest and penalties. We are contesting the disallowance. We comply with all applicable tax laws and judicial doctrines of the United Kingdom and believe that the entire benefit is more likely than not to be sustained on its technical merits.

SHAREHOLDERS' EQUITY

SHAREHOLDERS' EQUITY	6 Months Ended
	Jun. 30, 2020
Equity [Abstract]
SHAREHOLDERS' EQUITY	NOTE 15. SHAREHOLDERS’ EQUITY ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) Three months ended June 30 Six months ended June 30 (In millions) 2020 2019 2020 2019 Beginning balance $ 20 $ (16 ) $ 61 $ (39 ) AOCI before reclasses – net of taxes of $8, $(23), $7 and $15(a) 34 94 41 121 Reclasses from AOCI – net of taxes of $(2), $(5), $(14) and $(6) (7 ) (18 ) (55 ) (22 ) AOCI 27 76 (14 ) 99 Less AOCI attributable to noncontrolling interests — — — 1 Investment securities AOCI ending balance $ 47 $ 60 $ 47 $ 60 Beginning balance $ (4,685 ) $ (5,810 ) $ (4,818 ) $ (6,134 ) AOCI before reclasses – net of taxes of $25, $13, $20 and $39 (58 ) (308 ) (613 ) (1 ) Reclasses from AOCI – net of taxes of $0, $0, $0 and $(4)(b) 1 167 691 284 AOCI (57 ) (141 ) 78 283 Less AOCI attributable to noncontrolling interests 1 (77 ) 3 22 Currency translation adjustments AOCI ending balance $ (4,743 ) $ (5,874 ) $ (4,743 ) $ (5,874 ) Beginning balance $ (163 ) $ 49 $ 49 $ 13 AOCI before reclasses – net of taxes of $(24), $(8), $(69) and $3 40 (50 ) (222 ) (16 ) Reclasses from AOCI – net of taxes of $(1), $4, $8 and $1(b) 13 25 64 28 AOCI 53 (25 ) (158 ) 12 Less AOCI attributable to noncontrolling interests — (1 ) — 1 Cash flow hedges AOCI ending balance $ (109 ) $ 26 $ (109 ) $ 26 Beginning balance $ (5,991 ) $ (7,708 ) $ (7,024 ) $ (8,254 ) AOCI before reclasses – net of taxes of $(2), $13, $28 and $(35) (74 ) 7 145 (111 ) Reclasses from AOCI – net of taxes of $187, $164, $426 and $347(b) 678 632 1,495 1,294 AOCI 604 639 1,640 1,183 Less AOCI attributable to noncontrolling interests — (6 ) 3 (8 ) Benefit plans AOCI ending balance $ (5,387 ) $ (7,063 ) $ (5,387 ) $ (7,063 ) AOCI at June 30 $ (10,194 ) $ (12,852 ) $ (10,194 ) $ (12,852 ) (a) Included adjustments of $(2,229) million and $(1,054) million for the three months ended June 30, 2020 and 2019, respectively and $(962) million and $(2,011) million for the six months ended June 30, 2020 and 2019, respectively, related to 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 security gains been realized. See Note 12 for further information. (b) The total reclassification from AOCI included $836 million , including currency translation of $688 million , net of taxes, for the six months ended June 30, 2020, related to the sale of our BioPharma business within our Healthcare segment. In 2016, we issued $5,694 million of GE Series D preferred stock, which are callable on January 21, 2021. In addition to Series D, $250 million of existing GE Series A, B and C preferred stock are also outstanding. The total carrying value of GE preferred stock at June 30, 2020 was $5,826 million and will increase to $5,944 million by the respective call dates through periodic accretion. See our Annual Report on Form 10-K for the year ended December 31, 2019 for further information. Noncontrolling interests in equity of consolidated affiliates amounted to $1,579 million and $1,545 million at June 30, 2020 and December 31, 2019, respectively. Redeemable noncontrolling interests, presented within All other liabilities in our consolidated Statement of Financial Position, include common shares issued by our affiliates that are redeemable at the option of the holder of those interests and amounted to $474 million and $439 million as of June 30, 2020 and December 31, 2019, respectively.

EARNINGS PER SHARE INFORMATION

EARNINGS PER SHARE INFORMATION	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
EARNINGS PER SHARE INFORMATION	NOTE 16. EARNINGS PER SHARE INFORMATION Three months ended June 30 2020 2019 (Earnings for per-share calculation, in millions; per-share amounts in dollars) Diluted Basic Diluted Basic Earnings from continuing operations $ (1,995 ) $ (1,995 ) $ (114 ) $ (114 ) Preferred stock dividends (192 ) (192 ) (188 ) (188 ) Accretion of redeemable noncontrolling interests, net of tax(a) (135 ) (135 ) — — Earnings from continuing operations attributable to common shareholders (2,322 ) (2,322 ) (302 ) (302 ) Earnings (loss) from discontinued operations 7 7 241 241 Net earnings (loss) attributable to GE common shareholders $ (2,314 ) $ (2,314 ) $ (61 ) $ (61 ) Shares of GE common stock outstanding 8,750 8,750 8,724 8,724 Employee compensation-related shares (including stock options) — — — — Total average equivalent shares 8,750 8,750 8,724 8,724 Earnings per share from continuing operations $ (0.27 ) $ (0.27 ) $ (0.03 ) $ (0.03 ) Earnings (loss) per share from discontinued operations — — 0.03 0.03 Net earnings (loss) per share (0.26 ) (0.26 ) (0.01 ) (0.01 ) Potentially dilutive securities(b) 459 486 Six months ended June 30 2020 2019 (Earnings for per-share calculation; in millions; per-share amounts in dollars) Diluted Basic Diluted Basic Earnings from continuing operations $ 4,370 $ 4,370 $ 828 $ 843 Preferred stock dividends (235 ) (235 ) (228 ) (228 ) Accretion of redeemable noncontrolling interests, net of tax(a) $ (135 ) $ (135 ) — — Earnings from continuing operations attributable to common shareholders $ 4,000 $ 4,000 $ 600 $ 616 Earnings (loss) from discontinued operations (168 ) (168 ) 2,845 2,861 Net earnings attributable to GE common shareholders $ 3,832 $ 3,832 $ 3,461 $ 3,476 Shares of GE common stock outstanding 8,746 8,746 8,716 8,716 Employee compensation-related shares (including stock options) 6 — 13 — Total average equivalent shares 8,752 8,746 8,730 8,716 Earnings from continuing operations $ 0.46 $ 0.46 $ 0.07 $ 0.07 Loss from discontinued operations (0.02 ) (0.02 ) 0.33 0.33 Net earnings 0.44 0.44 0.40 0.40 Potentially dilutive securities(b) 440 468 (a) Represents accretion adjustment of redeemable noncontrolling interests in our Additive business within our Aviation segment. (b) Outstanding stock awards not included in the computation of diluted earnings per share because their effect was antidilutive. Our unvested restricted stock unit awards that contain non-forfeitable rights to dividends or dividend equivalents are considered participating securities, and, therefore, are included in the computation of earnings per share pursuant to the two-class method. For the three months ended June 30, 2020 and 2019, as a result of the loss from continuing operations, losses were not allocated to the participating securities. For the six months ended June 30, 2020 and 2019, application of this treatment had an insignificant effect.

FINANCIAL INSTRUMENTS

FINANCIAL INSTRUMENTS	6 Months Ended
	Jun. 30, 2020
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 and excludes finance leases, equity securities without readily determinable fair value and non-financial assets and liabilities. Substantially all of these assets are considered to be Level 3 and the vast majority of our liabilities’ fair value are considered Level 2. June 30, 2020 December 31, 2019 (In millions) Carrying Estimated Carrying Estimated Assets Loans and other receivables $ 3,668 $ 3,722 $ 4,113 $ 4,208 Liabilities Borrowings (Note 11) 81,878 83,054 90,882 97,754 Investment contracts (Note 12) 2,129 2,597 2,191 2,588 The lower fair value in relation to carrying value for borrowings at June 30, 2020 compared to December 31, 2019 was driven primarily by widening GE credit spreads, partially offset by a decline in market interest rates. Unlike the carrying amount, estimated fair value of borrowings included $863 million and $1,106 million of accrued interest at June 30, 2020 and December 31, 2019, respectively. Assets and liabilities that are reflected in the accompanying financial statements at fair value are not included in the above disclosures; such items include cash and equivalents, investment securities and derivative financial instruments . DERIVATIVES AND HEDGING. Our policy requires that derivatives are used solely for managing risks and not for speculative purposes. Total gross notional was $89,801 million ( $44,760 million in GE Capital and $45,041 million in GE) and $98,018 million ( $55,704 million in GE Capital and $42,314 million in GE) at June 30, 2020 and December 31, 2019, respectively. GE Capital notional relates primarily to managing interest rate and currency risk between financial assets and liabilities, and GE notional relates primarily to managing currency risk. FAIR VALUE OF DERIVATIVES June 30, 2020 December 31, 2019 (In millions) Gross Notional All other assets All other liabilities Gross Notional All other assets All other liabilities Interest rate contracts $ 20,790 $ 2,081 $ 9 $ 23,918 $ 1,636 $ 11 Currency exchange contracts 6,457 58 194 7,044 99 46 Derivatives accounted for as hedges $ 27,247 $ 2,139 $ 203 $ 30,961 $ 1,734 $ 57 Interest rate contracts $ 717 $ 9 $ 7 $ 3,185 $ 18 $ 12 Currency exchange contracts 60,356 750 1,018 62,165 697 744 Other contracts 1,482 87 30 1,706 123 40 Derivatives not accounted for as hedges $ 62,554 $ 846 $ 1,055 $ 67,056 $ 838 $ 796 Gross derivatives $ 89,801 $ 2,985 $ 1,257 $ 98,018 $ 2,572 $ 853 Netting and credit adjustments $ (704 ) $ (710 ) $ (546 ) $ (546 ) Cash collateral adjustments (1,212 ) (149 ) (1,286 ) (105 ) Net derivatives recognized in statement of financial position $ 1,069 $ 398 $ 740 $ 202 Net accrued interest $ 118 $ 15 $ 182 $ 1 Securities held as collateral (720 ) — (469 ) — Net amount $ 467 $ 413 $ 452 $ 203 Fair value of derivatives in our consolidated Statement of Financial Position excludes accrued interest. Cash collateral adjustments excluded excess collateral received and posted of $104 million and $998 million at June 30, 2020 , respectively, and $104 million and $603 million at December 31, 2019, respectively. Securities held as collateral excluded excess collateral received of $37 million and $27 million at June 30, 2020 and December 31, 2019, respectively. FAIR VALUE HEDGES. We use derivatives to hedge the effects of interest rate and currency exchange rate changes on our borrowings. At June 30, 2020 , the cumulative amount of hedging adjustments of $6,503 million (including $2,342 million on discontinued hedging relationships) was included in the carrying amount of the hedged liability of $46,255 million . At June 30, 2019, the cumulative amount of hedging adjustments of $4,221 million (including $2,568 million on discontinued hedging relationships) was included in the carrying amount of the hedged liability of $58,344 million . The cumulative amount of hedging adjustments was primarily recorded in long-term borrowings. CASH FLOW HEDGES. Changes in the fair value of cash flow hedges are recorded in AOCI and recorded in earnings in the period in which the hedged transaction occurs. The gain (loss) recognized in AOCI was $53 million and $(49) million for the three months ended June 30, 2020 and 2019, respectively, and $(260) million and $(2) million for the six months ended June 30, 2020 and 2019, respectively. These amounts were primarily related to currency exchange and interest rate contracts. The total amount in AOCI related to cash flow hedges of forecasted transactions was a $118 million loss at June 30, 2020 . We expect to reclassify $85 million of loss to earnings in the next 12 months contemporaneously with the earnings effects of the related forecasted transactions. For all periods presented we recognized an immaterial amount related to hedged forecasted transactions and firm commitments that did not occur by the end of the originally specified period. At June 30, 2020 and 2019, the maximum term of derivative instruments that hedge forecasted transactions was 15 years and 13 years , respectively. NET INVESTMENT HEDGES. For these hedges, the portion of the fair value changes of the derivatives or debt instruments that relates to changes in spot currency exchange rates is recorded in a separate component of AOCI. The portion of the fair value changes of the derivatives related to differences between spot and forward rates is recorded in earnings each period. The amounts recorded in AOCI affect earnings if the hedged investment is sold, substantially liquidated, or control is lost. The total gain (loss) recognized in AOCI on hedging instruments for the three months ended June 30, 2020 and 2019 was $(90) million and $86 million , and for the six months ended June 30, 2020 and 2019 was $68 million and $18 million , respectively, predominantly from foreign currency debt. For all periods presented we recognized an immaterial amount excluded from assessment and recognized in earnings. The carrying value of foreign currency debt designated as net investment hedges was $7,743 million and $12,421 million at June 30, 2020 and 2019, respectively. The gain (loss) reclassified from AOCI into earnings was immaterial for both the three and six months ended June 30, 2020 and 2019, 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. For derivatives not designated as hedging instruments, substantially all of the gain or loss recognized in earnings is offset by either the current period change in value of underlying exposures, which is recorded in earnings in the current period or a future period when the recording of the exposures occur. The table below presents the effect of our derivative financial instruments in the consolidated Statement of Earnings: Three months ended June 30, 2020 Three months ended June 30, 2019 (In millions) Revenues Cost of sales Interest Expense SG&A Other Income Revenues Cost of sales Interest Expense SG&A Other Income Total amounts presented in the consolidated Statement of Earnings $ 17,750 $ 15,083 $ 997 $ 3,079 $ 2,078 $ 23,414 $ 17,412 $ 929 $ 3,425 $ 164 Total effect of cash flow hedges $ 15 $ (13 ) $ (12 ) $ (2 ) $ — $ (15 ) $ (5 ) $ (9 ) $ — $ — Hedged items $ (122 ) $ (659 ) Derivatives designated as hedging instruments 109 646 Total effect of fair value hedges $ (12 ) $ (14 ) Interest rate contracts $ (12 ) $ — $ (4 ) $ — $ — $ (14 ) $ — $ (14 ) $ — $ — Currency exchange contracts (95 ) 16 — 104 (32 ) (433 ) (31 ) — (17 ) (27 ) Other — — — 97 11 — — 27 — (12 ) Total effect of derivatives not designated as hedges $ (107 ) $ 16 $ (4 ) $ 201 $ (21 ) $ (447 ) $ (31 ) $ 13 $ (17 ) $ (39 ) Six months ended June 30, 2020 Six months ended June 30, 2019 (In millions) Revenues Cost of sales Interest Expense SG&A Other Income Revenues Cost of sales Interest Expense SG&A Other Income Total amounts presented in the consolidated Statement of Earnings $ 38,273 $ 30,778 $ 1,791 $ 6,144 $ 8,947 $ 45,616 $ 33,620 $ 1,993 $ 6,827 $ 1,012 Total effect of cash flow hedges $ (6 ) $ (38 ) $ (23 ) $ (5 ) $ — $ 5 $ (14 ) $ (19 ) $ (1 ) $ — Hedged items $ (2,601 ) $ (1,186 ) Derivatives designated as hedging instruments 2,620 1,161 Total effect of fair value hedges $ 19 $ (25 ) Interest rate contracts $ (35 ) $ — $ (13 ) $ — $ — $ (18 ) $ — $ (29 ) $ — $ — Currency exchange contracts (616 ) 29 — 159 (21 ) (43 ) (22 ) — (62 ) (25 ) Other — — — (63 ) (11 ) — — 123 — 1 Total effect of derivatives not designated as hedges $ (652 ) $ 29 $ (13 ) $ 95 $ (32 ) $ (62 ) $ (22 ) $ 94 $ (62 ) $ (24 ) The amount excluded for cash flow hedges was $7 million and zero for the three months ended June 30, 2020 and 2019, respectively, and $22 million and zero for the six months ended June 30, 2020 and 2019, respectively. This amount is recognized primarily in Revenues in our consolidated Statement of Earnings (Loss). COUNTERPARTY CREDIT RISK. We manage 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. Our exposures to counterparties (including accrued interest), net of collateral we held, was $317 million and $368 million at June 30, 2020 and December 31, 2019, respectively. Counterparties' exposures to our derivative liability (including accrued interest), net of collateral posted by us, was $375 million and $159 million at June 30, 2020 and December 31, 2019, respectively.

VARIABLE INTEREST ENTITIES

VARIABLE INTEREST ENTITIES	6 Months Ended
	Jun. 30, 2020
Variable Interest Entities [Abstract]
VARIABLE INTEREST ENTITIES	NOTE 18. VARIABLE INTEREST ENTITIES. In addition to the three VIEs detailed in Note 4, in our consolidated Statement of Financial Position, we have assets of $2,621 million and $2,134 million and liabilities of $1,553 million and $1,233 million at June 30, 2020, and December 31, 2019, respectively, from other consolidated VIEs. These entities were created to help our customers facilitate or finance the purchase of GE goods and services. These entities have no features that could expose us to losses that would significantly exceed the difference between the consolidated assets and liabilities. Substantially all the assets of our consolidated VIEs at June 30, 2020, can only be used to settle the liabilities of those VIEs. Our investments in unconsolidated VIEs were $2,194 million and $1,937 million at June 30, 2020, and December 31, 2019, respectively. These investments are primarily owned by GE Capital businesses, $589 million and $621 million of which were owned by Energy Financial Services, comprising equity method investments, and $1,222 million and $896 million of which were owned by our run-off insurance operations, primarily comprising investment securities at June 30, 2020 and December 31, 2019, respectively. The increase in investments in unconsolidated VIEs in our run-off insurance operations reflects implementation of our revised reinvestment plan, which incorporates the introduction of strategic initiatives to invest in higher-yielding asset classes. Our maximum exposure to loss in respect of unconsolidated VIEs is increased by our commitments to make additional investments in these entities described in Note 19.

COMMITMENTS, GUARANTEES, PRODUC

COMMITMENTS, GUARANTEES, PRODUCT WARRANTIES AND OTHER LOSS CONTINGENCIES	6 Months Ended
	Jun. 30, 2020
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 GECAS business within the Capital segment has placed multiple-year orders for various Boeing, Airbus and other aircraft manufacturers with list prices approximating $ 27,836 million (including 292 new aircraft with estimated delivery dates of 14% in 2020, 22% in 2021 and 64% in 2022 through 2026) and secondary orders with airlines for used aircraft approximating $ 2,292 million (including 53 used aircraft with estimated delivery dates of 29% in 2020, 60% in 2021 and 11% in 2022) at June 30, 2020 . When we purchase aircraft, it is at a contractual price, which is usually less than the aircraft manufacturer’s list price and excludes any pre-delivery payments made in advance. As of June 30, 2020 , we have made $3,424 million of pre-delivery payments to aircraft manufacturers. During April 2020, GECAS agreed with Boeing to restructure its 737 MAX orderbook including previously canceled positions, resulting in 78 orders now remaining. GE Capital had total investment commitments of $2,722 million at June 30, 2020 . The commitments primarily comprise project financing investments in thermal and wind energy projects of $1,114 million and investments by our run-off insurance operations in investment securities and other assets of $1,581 million , included within these commitments are obligations to make additional investments in unconsolidated VIEs of $248 million and $1,298 million , respectively. See Note 18 for further information. As of June 30, 2020 , in our Aviation segment, we have committed to provide financing assistance of $ 2,010 million for future customer acquisitions of aircraft equipped with our engines. GUARANTEES. For further information, see our Annual Report on Form 10-K for the year ended December 31, 2019 . 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. The liability for product warranties was $2,036 million and $2,165 million at June 30, 2020 and December 31, 2019, respectively. LEGAL MATTERS. The following information supplements and amends the discussion of Legal Matters in Note 23 in our Annual Report on Form 10-K for the year ended December 31, 2019 and in Note 19 in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2020; refer to those discussions for information about previously reported legal matters that are not updated below. In the normal course of our business, we are involved from time to time in various arbitrations, class actions, commercial litigation, investigations and other legal, regulatory or governmental actions, including the significant matters described below that could have a material impact on our results of operations. In many proceedings, including the specific matters described below, it is inherently difficult to determine whether any loss is probable or even reasonably possible or to estimate the size or range of the possible loss, and accruals for legal matters are not recorded until a loss for a particular matter is considered probable and reasonably estimable. Given the nature of legal matters and the complexities involved, it is often difficult to predict and determine a meaningful estimate of loss or range of loss until we know, among other factors, the particular claims involved, the likelihood of success of our defenses to those claims, the damages or other relief sought, how discovery or other procedural considerations will affect the outcome, the settlement posture of other parties and other factors that may have a material effect on the outcome. For these matters, unless otherwise specified, we do not believe it is possible to provide a meaningful estimate of loss at this time. Moreover, it is not uncommon for legal matters to be resolved over many years, during which time relevant developments and new information must be continuously evaluated. Alstom legacy matters. In November 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, including the previously reported legal proceedings in Israel that are described below. The reserve balance was $856 million and $875 million at June 30, 2020 and December 31, 2019, respectively. 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, and at this time we are unable to develop a meaningful estimate of the range of reasonably possible additional losses beyond the amount of this reserve. 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 and related 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, political and social influences within each jurisdiction, and tax consequences of any settlements or previous deductions, among other considerations. Actual losses arising from claims in these and related matters could exceed the amount provided. In September 2013, the Israeli Antitrust Authority issued a decision whereby Alstom, Siemens AG and ABB Ltd. were held liable for an alleged anti-competitive arrangement in the gas-insulated switchgears market in Israel. While there was no fine in connection with that decision, claimants brought two civil actions in 2013 seeking damages of approximately $950 million and $600 million , respectively, related to the alleged conduct underlying the decision that were pending before the Central District Court in Israel. The court in March 2020 approved a settlement agreement among the parties that became final in June, and GE is paying approximately $47 million in the conclusion of these matters. Shareholder and related lawsuits. In February 2019, two putative class actions (the Birnbaum case and the Sheet Metal Workers Local 17 Trust Funds case) were filed in the U.S. District Court for the Southern District of New York naming as defendants GE and current and former GE executive officers. In April 2019, the court issued an order consolidating these two actions. In June 2019, the lead plaintiff filed an amended consolidated complaint. It alleges violations of Section 10(b) and 20(a) of the Securities Exchange Act of 1934 based on alleged misstatements regarding GE's H-class turbines and goodwill related to GE's Power business. The lawsuit seeks damages on behalf of shareholders who acquired GE stock between December 4, 2017 and December 6, 2018. In August 2019, the lead plaintiff filed a second amended complaint. In May 2020 the court granted GE's motion to dismiss the case, and in June 2020 the plaintiffs filed an appeal with the Second Circuit. ENVIRONMENTAL, HEALTH AND SAFETY MATTERS. For further information, see our Annual Report on Form 10-K for the year ended December 31, 2019 .

INTERCOMPANY TRANSACTIONS

INTERCOMPANY TRANSACTIONS	6 Months Ended
	Jun. 30, 2020
Related Party Transactions [Abstract]
INTERCOMPANY TRANSACTIONS	NOTE 20. INTERCOMPANY TRANSACTIONS . Presented below is a walk of intercompany eliminations from the combined GE and GE Capital totals to the consolidated cash flows. Six months ended June 30 (In millions) 2020 2019 Combined GE and GE Capital cash from (used for) operating activities - continuing operations $ (2,298 ) $ 211 GE current receivables sold to GE Capital(a) (452 ) 560 GE long-term receivables sold to GE Capital(b) 177 269 Supply chain finance programs(c) 1,457 473 Other reclassifications and eliminations (202 ) 14 Consolidated cash from (used for) operating activities - continuing operations $ (1,319 ) $ 1,528 Combined GE and GE Capital cash from (used for) investing activities - continuing operations $ 27,207 $ 3,495 GE current receivables sold to GE Capital 270 (1,297 ) GE long-term receivables sold to GE Capital(b) (177 ) (269 ) Supply chain finance programs(c) (1,457 ) (473 ) GE Capital long-term loans to GE (7,500 ) — Capital contribution from GE to GE Capital — 1,500 Other reclassifications and eliminations 167 (689 ) Consolidated cash from (used for) investing activities - continuing operations $ 18,509 $ 2,266 Combined GE and GE Capital cash from (used for) financing activities - continuing operations $ (19,717 ) $ (6,004 ) GE current receivables sold to GE Capital 183 737 GE Capital long-term loans to GE 7,500 — Capital contribution from GE to GE Capital — (1,500 ) Other reclassifications and eliminations 36 674 Consolidated cash from (used for) financing activities - continuing operations $ (11,999 ) $ (6,092 ) (a) I ncluded the elimination of $7,494 million payments to GE for current receivables purchased and retained by GE Capital and the related reclassification to CFOA of $7,042 million due to GE Capital collections and other activity in our consolidated statement of cash flows for the six months ended June 30, 2020. Included the elimination of $7,165 million payments and the reclassification to CFOA of $7,725 million collections and other activity for the six months ended June 30, 2019 . (b) Primarily included the reclassification of long-term receivables purchased and retained by GE Capital to current receivables. (c) Represents the elimination of net payments from GE to GE Capital related to the funded participation in a supply chain finance program with GE Capital. The reduction of the GE liability associated with this program is primarily as a result of GE Capital's sale of the program platform to MUFG Union Bank, N.A. (MUFG) in 2019. Cash payments received on the Receivable facility deferred purchase price are reflected as Cash from investing activities in the GE Capital and Consolidated columns of our consolidated Statement of Cash Flows. Sales of customer receivables from GE to GE Capital are classified as Cash from operating activities in the GE column of our Statement of Cash Flows. See Note 4 for further information.

BAKER HUGHES SUMMARIZED FINANCI

BAKER HUGHES SUMMARIZED FINANCIAL INFORMATION	6 Months Ended
	Jun. 30, 2020
Equity Method Investments and Joint Ventures [Abstract]
BAKER HUGHES SUMMARIZED FINANCIAL INFORMATION	NOTE 21. BAKER HUGHES SUMMARIZED FINANCIAL INFORMATION. We account for our remaining interest in Baker Hughes (comprising 377.4 million shares and a promissory note receivable) at fair value. At June 30, 2020, the fair value of our interest in Baker Hughes was $5,910 million . Since the date of deconsolidation, we have not sold any shares of Baker Hughes and recognized a pre-tax unrealized gain of $1,846 million ( $1,552 million after-tax) and a pre-tax unrealized loss of $3,865 million ( $3,080 million after-tax) for the three and six months ended June 30, 2020, respectively, based on a share price of $15.39 . See Notes 2 and 3 for further information. Summarized financial information of Baker Hughes is as follows. Three months ended June 30, 2020 Six months ended June 30, 2020 Revenues $ 4,736 $ 10,160 Gross profit 678 1,433 Net income (loss) (355 ) (16,453 ) Net income (loss) attributable to the entity (201 ) (10,411 ) Baker Hughes is a SEC registrant with separate filing requirements, and its financial information can be obtained from www.sec.gov or www.bakerhughes.com.

OTHER INCOME

OTHER INCOME	6 Months Ended
	Jun. 30, 2020
Other Income and Expenses [Abstract]
OTHER INCOME	NOTE 22. OTHER INCOME Three months ended June 30 Six months ended June 30 (In millions) 2020 2019 2020 2019 Purchases and sales of business interests(a) $ 52 $ (39 ) $ 12,424 $ 214 Licensing and royalty income 31 80 73 120 Associated companies 31 82 69 121 Net interest and investment income(b) 1,955 23 (3,677 ) 160 Other items 48 26 101 410 GE $ 2,116 $ 172 $ 8,990 $ 1,024 Eliminations (38 ) (8 ) (43 ) (13 ) Total $ 2,078 $ 164 $ 8,947 $ 1,012 (a) Included a pre-tax gain of $12,341 million on the sale of BioPharma for the six months ended June 30, 2020. Included a pre-tax gain of $223 million on the sale of ServiceMax for the six months ended June 30, 2019. See Note 2 for further information. (b) Included a pre-tax unrealized gain of $1,846 million and a pre-tax unrealized loss of $3,865 million for the three and six months ended June 30, 2020, respectively, related to our interest in Baker Hughes in 2020. See Note 3 for further information.

BASIS OF PRESENTATION AND SUM_2

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Basis of presentation	We present our financial statements in a three-column format, which allows investors to see our GE industrial operations separately from our financial services operations. We believe that this provides useful supplemental information to our consolidated financial statements. To the extent that we have transactions between GE and GE Capital, these transactions are made on arm's length terms, are reported in the respective columns of our financial statements and are eliminated in consolidation. See Note 20 for further information. Our financial statements are prepared in conformity with U.S. generally accepted accounting principles (GAAP), which requires us to make estimates based on assumptions about current and, for some estimates, future economic and market conditions which affect reported amounts and related disclosures in our financial statements. Although our current estimates contemplate current and expected future conditions, as applicable, it is reasonably possible that actual conditions could differ from our expectations, which could materially affect our results of operations and financial position. In particular, a number of estimates have been and will continue to be affected by the ongoing Coronavirus Disease 2019 (COVID-19) pandemic. The severity, magnitude and duration, as well as the economic consequences of the COVID-19 pandemic, are uncertain, rapidly changing and difficult to predict. As a result, our accounting estimates and assumptions may change over time in response to COVID-19. Such changes could result in future impairments of goodwill, intangibles, long-lived assets and investment securities, revisions to estimated profitability on long-term product service agreements, incremental credit losses on receivables and debt securities, a decrease in the carrying amount of our tax assets, or an increase in our insurance liabilities and pension obligations as of the time of a relevant measurement event. In preparing our Statement of Cash Flows, we make certain adjustments to reflect cash flows that cannot otherwise be calculated by changes in our Statement of Financial Position. These adjustments may include, but are not limited to, the effects of currency exchange, acquisitions and dispositions of businesses, businesses classified as held for sale, the timing of settlements to suppliers for property, plant and equipment, non-cash gains/losses and other balance sheet reclassifications.
Reclassifications	We have reclassified certain prior-period amounts to conform to the current-period’s 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. Earnings per share amounts are computed independently for earnings from continuing operations, earnings from discontinued operations and net earnings. As a result, the sum of per-share amounts may not equal the total. Unless otherwise indicated, information in these notes to the consolidated financial statements relates to continuing operations. Certain of our operations have been presented as discontinued. We present businesses whose disposal represents a strategic shift that has, or will have, a major effect on our operations and financial results as discontinued operations when the components meet the criteria for held for sale, are sold, or spun-off. See Note 2 for further information.
Allowance for credit losses	When we record customer receivables, contract assets and financing receivables arising from revenue transactions, as well as commercial mortgage loans and reinsurance recoverables in GE Capital’s run-off insurance operations, financial guarantees and certain commitments, we record an allowance for credit losses for the current expected credit losses (CECL) inherent in the asset over its expected life. The allowance for credit losses is a valuation account deducted from the amortized cost basis of the assets to present their net carrying value at the amount expected to be collected. Each period the allowance for credit losses is adjusted through earnings to reflect expected credit losses over the remaining lives of the assets. We evaluate debt securities with unrealized losses to determine whether any of the losses arise from concerns about the issuer’s credit or the underlying collateral and record an allowance for credit losses, if required. We estimate expected credit losses based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount. When measuring expected credit losses, we pool assets with similar country risk and credit risk characteristics. Changes in the relevant information may significantly affect the estimates of expected credit losses.
Accounting changes	On January 1, 2020, we adopted ASU No. 2016-13, Financial Instruments - Credit Losses (ASU 2016-13) . ASU 2016-13 requires us to prospectively record an allowance for credit losses for the current expected credit losses inherent in the asset over its expected life, replacing the incurred loss model that recognized losses only when they became probable and estimable. We recorded a $221 million increase in our allowance for credit losses and a $175 million decrease to retained earnings, net of tax, reflecting the cumulative effect on retained earnings. In March 2020, the SEC issued a final rule amending disclosure requirements for guarantors and issuers of registered guaranteed securities under SEC Regulation S-X, Rule 3-10. The final rule is effective for filings on or after January 4, 2021, however early application is permitted. As a result of the simplification provided by this rule, beginning with this quarterly report on Form 10-Q for the period ended June 30, 2020, we have elected to early adopt the disclosure requirements.

BUSINESSES HELD FOR SALE AND _2

BUSINESSES HELD FOR SALE AND DISCONTINUED OPERATIONS (Tables)	6 Months Ended
	Jun. 30, 2020
Discontinued Operations and Disposal Groups [Abstract]
Financial Information for Discontinued Operations	RESULTS OF DISCONTINUED OPERATIONS (In millions) Baker Hughes Transportation GE Capital Total Three months ended June 30 2020 2019 2020 2019 2020 2019 2020 2019 Operations Sales of goods and services $ — $ 5,953 $ — $ — $ — $ — $ — $ 5,953 GE Capital revenues from services — — — — 71 (48 ) 71 (48 ) Cost of goods and services sold — (4,954 ) — — — — — (4,954 ) Other income, costs and expenses (3 ) (981 ) 1 3 (62 ) (16 ) (64 ) (993 ) Earnings (loss) of discontinued operations before income taxes (3 ) 18 1 3 10 (64 ) 8 (42 ) Benefit (provision) for income taxes 2 (33 ) — (7 ) 8 302 9 261 Earnings (loss) of discontinued operations, net of taxes(a) $ (1 ) $ (15 ) $ 1 $ (4 ) $ 17 $ 238 $ 17 $ 219 Disposal Gain (loss) on disposal before income taxes (10 ) — — — — — (10 ) — Benefit (provision) for income taxes — — — — — — — — Gain (loss) on disposal, net of taxes $ (10 ) $ — $ — $ — $ — $ (1 ) $ (10 ) $ (1 ) Earnings (loss) from discontinued operations, net of taxes $ (11 ) $ (15 ) $ 1 $ (4 ) $ 17 $ 238 $ 7 $ 219 (In millions) Baker Hughes Transportation GE Capital Total Six months ended June 30 2020 2019 2020 2019 2020 2019 2020 2019 Operations Sales of goods and services $ — $ 11,569 $ — $ 549 $ — $ — $ — $ 12,118 GE Capital revenues from services — — — — (5 ) (9 ) (5 ) (9 ) Cost of goods and services sold — (9,631 ) — (478 ) — — — (10,109 ) Other income, costs and expenses (3 ) (1,768 ) (3 ) (6 ) (146 ) (89 ) (152 ) (1,863 ) Earnings (loss) of discontinued operations before income taxes (3 ) 170 (3 ) 65 (151 ) (98 ) $ (157 ) $ 137 Benefit (provision) for income taxes (11 ) (116 ) 6 (19 ) 4 327 — 192 Earnings (loss) of discontinued operations, net of taxes(a) $ (14 ) $ 55 $ 4 $ 46 $ (147 ) $ 228 $ (157 ) $ 329 Disposal Gain (loss) on disposal before income taxes (13 ) — — 3,471 — 47 $ (13 ) $ 3,517 Benefit (provision) for income taxes — — — (963 ) — (2 ) — (964 ) Gain (loss) on disposal, net of taxes $ (13 ) $ — $ — $ 2,508 $ — $ 45 $ (13 ) $ 2,553 Earnings (loss) from discontinued operations, net of taxes $ (27 ) $ 55 $ 4 $ 2,554 $ (147 ) $ 273 $ (171 ) $ 2,881 (a) Earnings (loss) of discontinued operations attributable to the Company after income taxes was $17 million and $242 million for the three months ended June 30, 2020 and 2019, respectively. Earnings (loss) of discontinued operations attributable to the Company after income taxes was $(155) million and $317 million for the six months ended June 30, 2020 and 2019, respectively. ASSETS AND LIABILITIES OF DISCONTINUED OPERATIONS (In millions) June 30, 2020 December 31, 2019 Cash, cash equivalents and restricted cash $ 477 $ 638 Investment securities 91 202 Current receivables 61 81 Financing receivables held for sale (Polish mortgage portfolio) 2,398 2,485 Property, plant, and equipment 112 123 Deferred income taxes 213 264 All other assets 265 317 Assets of discontinued operations(a) $ 3,617 $ 4,109 Accounts payable & Progress collections and deferred income $ 15 $ 40 All other liabilities(b) 220 163 Liabilities of discontinued operations(a) $ 235 $ 203 (a) Assets and liabilities of discontinued operations included $3,462 million and $84 million related to GE Capital as of June 30, 2020, respectively. (b) Included within All other liabilities of discontinued operations at June 30, 2020 and December 31, 2019, are intercompany tax receivables in the amount of $829 million and $839 million , respectively, primarily related to the financial services businesses that were part of the GE Capital Exit Plan, which are offset within All other liabilities of Consolidated GE.

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	6 Months Ended
	Jun. 30, 2020
Investments, Debt and Equity Securities [Abstract]
Schedule of Investment Securities	June 30, 2020 December 31, 2019 (In millions) Amortized Gross Gross Estimated Amortized Gross Gross Estimated Debt U.S. corporate $ 23,540 $ 5,771 $ (136 ) $ 29,175 $ 23,037 $ 4,636 $ (11 ) $ 27,661 Non-U.S. corporate 2,185 337 (5 ) 2,517 2,161 260 (1 ) 2,420 State and municipal 3,235 826 (22 ) 4,039 3,086 598 (15 ) 3,669 Mortgage and asset-backed 3,497 97 (136 ) 3,458 3,117 116 (4 ) 3,229 Government and agencies 1,257 206 — 1,463 1,391 126 — 1,516 Equity 6,465 — — 6,465 10,025 — — 10,025 Total $ 40,179 $ 7,237 $ (300 ) $ 47,117 $ 42,816 $ 5,736 $ (31 ) $ 48,521
Contractual Maturities of Investment in Available-for-Sale Debt Securities (Excluding Mortgage and Asset-Backed Securities)	Contractual maturities of investments in debt securities (excluding mortgage and asset-backed securities) at June 30, 2020 are due as follows: (In millions) Amortized cost Estimated fair value Within one year $ 643 $ 657 After one year through five years 2,483 2,676 After five years through ten years 6,516 7,599 After ten years 20,575 26,261

CURRENT AND LONG-TERM RECEIVA_2

CURRENT AND LONG-TERM RECEIVABLES (Tables)	6 Months Ended
	Jun. 30, 2020
Receivables [Abstract]
Schedule of Receivables	Activity related to customer receivables sold by GE is as follows: (In millions) 2020 2019 GE Capital Third Parties GE Capital Third Parties Balance at January 1 $ 3,087 $ 6,757 $ 4,386 $ 7,880 GE sales to GE Capital 16,964 — 20,009 — GE sales to third parties 773 — 2,760 GE Capital sales to third parties (9,931 ) 9,931 (13,836 ) 13,836 Collections and other (6,807 ) (13,565 ) (7,140 ) (17,644 ) Reclassification from long-term customer receivables 170 — 209 — Balance at June 30 $ 3,482 (a) $ 3,897 $ 3,627 (a) $ 6,831 (a) At June 30, 2020 and 2019, $ 661 million and $ 964 million , respectively, of the current receivables purchased and retained by GE Capital had been sold by GE to GE Capital with recourse (i.e., GE retains all or some risk of default). The effect on GE cash flows from operating activities (CFOA) of claims by GE Capital on receivables sold with recourse was insignificant for the six months ended June 30, 2020 and 2019. LONG-TERM RECEIVABLES Consolidated GE (In millions) June 30, 2020 December 31, 2019 June 30, 2020 December 31, 2019 Long-term customer receivables(a) $ 688 $ 906 $ 465 $ 506 Long-term sundry receivables(b) 1,399 1,504 1,792 1,834 Allowance for credit losses (127 ) (128 ) (127 ) (128 ) Total long-term receivables $ 1,960 $ 2,282 $ 2,130 $ 2,212 (a) At June 30, 2020 and December 31, 2019, GE Capital held $223 million and $400 million , respectively, of GE long-term customer receivables, of which $197 million and $312 million had been purchased with recourse (i.e., GE retains all or some risk of default). GE sold an insignificant amount of long-term customer receivables during the six months ended June 30, 2020 and 2019. (b) Includes supplier advances, revenue sharing programs receivables, other non-income based tax receivables and certain intercompany balances that eliminate upon consolidation. CURRENT RECEIVABLES Consolidated GE (In millions) June 30, 2020 December 31, 2019 June 30, 2020 December 31, 2019 Customer receivables(a) $ 12,361 $ 12,594 $ 8,879 $ 9,507 Sundry receivables(b)(c) 4,840 5,049 5,021 5,247 Allowance for credit losses(d) (1,160 ) (874 ) (1,157 ) (872 ) Total current receivables $ 16,041 $ 16,769 $ 12,744 $ 13,883 (a) Includes Aviation receivables from CFM due to 737 MAX temporary fleet grounding of $1,367 million and $1,397 million as of June 30, 2020 and December 31, 2019, respectively. During 2020, CFM and Boeing reached an agreement to secure payment terms for engines delivered in 2019 and 2020, net of progress collections. Based on the agreement, the receivable is expected to be collected from Boeing through the first quarter of 2021. (b) Includes supplier advances, revenue sharing programs receivables in our Aviation business, other non-income based tax receivables, primarily value-added tax related to our operations in various countries outside of the U.S., receivables from disposed businesses, including receivables for transactional services agreements and certain intercompany balances that eliminate upon consolidation. Revenue sharing program receivables in Aviation are amounts due from third parties who participate in engine programs by developing and supplying certain engine components through the life of the program. The participants share in program revenues, receive a share of customer progress payments and share costs related to discounts and warranties. (c) Consolidated current receivables include deferred purchase price which represents our retained risk with respect to current customer receivables sold to third parties through one of the receivable facilities. The balance of the deferred purchase price held by GE Capital at June 30, 2020 and December 31, 2019 was $ 537 million and $ 421 million, respectively. (d) GE allowance for credit losses primarily increased due to net new provisions of $272 million , offset by write-offs and foreign currency impact. Activity related to these facilities is included in the GE Capital sales to third parties line in the sales of GE current customer receivables table above and is as follows: Six months ended June 30 (In millions) 2020 2019 Customer receivables sold to receivables facilities $ 7,679 $ 10,786 Total cash purchase price for customer receivables 7,240 10,497 Cash collections re-invested to purchase customer receivables 6,453 8,830 Non-cash increases to deferred purchase price $ 390 $ 137 Cash payments received on deferred purchase price 274 220 Consolidated GE Capital (In millions) June 30, 2020 December 31, 2019 June 30, 2020 December 31, 2019 Loans, net of deferred income $ 1,212 $ 1,098 $ 5,049 $ 4,927 Investment in financing leases, net of deferred income 1,955 2,070 1,955 2,070 3,167 3,168 7,004 6,996 Allowance for losses (72 ) (33 ) (45 ) (17 ) Financing receivables – net $ 3,095 $ 3,134 $ 6,959 $ 6,979

FINANCING RECEIVABLES AND ALL_2

FINANCING RECEIVABLES AND ALLOWANCES (Tables)	6 Months Ended
	Jun. 30, 2020
Receivables [Abstract]
Schedule of Financing Receivables, Net	Activity related to customer receivables sold by GE is as follows: (In millions) 2020 2019 GE Capital Third Parties GE Capital Third Parties Balance at January 1 $ 3,087 $ 6,757 $ 4,386 $ 7,880 GE sales to GE Capital 16,964 — 20,009 — GE sales to third parties 773 — 2,760 GE Capital sales to third parties (9,931 ) 9,931 (13,836 ) 13,836 Collections and other (6,807 ) (13,565 ) (7,140 ) (17,644 ) Reclassification from long-term customer receivables 170 — 209 — Balance at June 30 $ 3,482 (a) $ 3,897 $ 3,627 (a) $ 6,831 (a) At June 30, 2020 and 2019, $ 661 million and $ 964 million , respectively, of the current receivables purchased and retained by GE Capital had been sold by GE to GE Capital with recourse (i.e., GE retains all or some risk of default). The effect on GE cash flows from operating activities (CFOA) of claims by GE Capital on receivables sold with recourse was insignificant for the six months ended June 30, 2020 and 2019. LONG-TERM RECEIVABLES Consolidated GE (In millions) June 30, 2020 December 31, 2019 June 30, 2020 December 31, 2019 Long-term customer receivables(a) $ 688 $ 906 $ 465 $ 506 Long-term sundry receivables(b) 1,399 1,504 1,792 1,834 Allowance for credit losses (127 ) (128 ) (127 ) (128 ) Total long-term receivables $ 1,960 $ 2,282 $ 2,130 $ 2,212 (a) At June 30, 2020 and December 31, 2019, GE Capital held $223 million and $400 million , respectively, of GE long-term customer receivables, of which $197 million and $312 million had been purchased with recourse (i.e., GE retains all or some risk of default). GE sold an insignificant amount of long-term customer receivables during the six months ended June 30, 2020 and 2019. (b) Includes supplier advances, revenue sharing programs receivables, other non-income based tax receivables and certain intercompany balances that eliminate upon consolidation. CURRENT RECEIVABLES Consolidated GE (In millions) June 30, 2020 December 31, 2019 June 30, 2020 December 31, 2019 Customer receivables(a) $ 12,361 $ 12,594 $ 8,879 $ 9,507 Sundry receivables(b)(c) 4,840 5,049 5,021 5,247 Allowance for credit losses(d) (1,160 ) (874 ) (1,157 ) (872 ) Total current receivables $ 16,041 $ 16,769 $ 12,744 $ 13,883 (a) Includes Aviation receivables from CFM due to 737 MAX temporary fleet grounding of $1,367 million and $1,397 million as of June 30, 2020 and December 31, 2019, respectively. During 2020, CFM and Boeing reached an agreement to secure payment terms for engines delivered in 2019 and 2020, net of progress collections. Based on the agreement, the receivable is expected to be collected from Boeing through the first quarter of 2021. (b) Includes supplier advances, revenue sharing programs receivables in our Aviation business, other non-income based tax receivables, primarily value-added tax related to our operations in various countries outside of the U.S., receivables from disposed businesses, including receivables for transactional services agreements and certain intercompany balances that eliminate upon consolidation. Revenue sharing program receivables in Aviation are amounts due from third parties who participate in engine programs by developing and supplying certain engine components through the life of the program. The participants share in program revenues, receive a share of customer progress payments and share costs related to discounts and warranties. (c) Consolidated current receivables include deferred purchase price which represents our retained risk with respect to current customer receivables sold to third parties through one of the receivable facilities. The balance of the deferred purchase price held by GE Capital at June 30, 2020 and December 31, 2019 was $ 537 million and $ 421 million, respectively. (d) GE allowance for credit losses primarily increased due to net new provisions of $272 million , offset by write-offs and foreign currency impact. Activity related to these facilities is included in the GE Capital sales to third parties line in the sales of GE current customer receivables table above and is as follows: Six months ended June 30 (In millions) 2020 2019 Customer receivables sold to receivables facilities $ 7,679 $ 10,786 Total cash purchase price for customer receivables 7,240 10,497 Cash collections re-invested to purchase customer receivables 6,453 8,830 Non-cash increases to deferred purchase price $ 390 $ 137 Cash payments received on deferred purchase price 274 220 Consolidated GE Capital (In millions) June 30, 2020 December 31, 2019 June 30, 2020 December 31, 2019 Loans, net of deferred income $ 1,212 $ 1,098 $ 5,049 $ 4,927 Investment in financing leases, net of deferred income 1,955 2,070 1,955 2,070 3,167 3,168 7,004 6,996 Allowance for losses (72 ) (33 ) (45 ) (17 ) Financing receivables – net $ 3,095 $ 3,134 $ 6,959 $ 6,979

INVENTORIES (Tables)

INVENTORIES (Tables)	6 Months Ended
	Jun. 30, 2020
Inventory Disclosure [Abstract]
Schedule of Inventories	(In millions) June 30, 2020 December 31, 2019 Raw materials and work in process $ 8,976 $ 8,771 Finished goods 6,275 5,333 Total inventories $ 15,251 $ 14,104

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	6 Months Ended
	Jun. 30, 2020
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment	(In millions) June 30, 2020 December 31, 2019 Original cost $ 76,137 $ 75,187 Less accumulated depreciation and amortization (33,317 ) (31,897 ) Property, plant and equipment – net $ 42,821 $ 43,290
Schedule of Operating Lease Expense and Supplemental Information	OPERATING LEASE EXPENSE Three months ended June 30 Six months ended June 30 (In millions) 2020 2019 2020 2019 Long-term (fixed) $ 183 $ 219 $ 360 $ 445 Long-term (variable) 24 27 45 71 Short-term 54 43 123 90 Total operating lease expense $ 261 $ 289 $ 528 $ 606

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	6 Months Ended
	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Changes in Goodwill Balances	GOODWILL (In millions) January 1, 2020 Impairments Currency exchange Balance at Power $ 145 $ — $ — $ 145 Renewable Energy 3,290 — (67 ) 3,223 Aviation 9,859 (877 ) 8 8,989 Healthcare 11,728 — (4 ) 11,723 Capital 839 (839 ) — — Corporate 873 — (3 ) 871 Total $ 26,734 $ (1,717 ) $ (66 ) $ 24,951
Intangible Assets Subject to Amortization	OTHER INTANGIBLE ASSETS - NET (In millions) June 30, 2020 December 31, 2019 Intangible assets subject to amortization $ 10,168 $ 10,653

REVENUES (Tables)

REVENUES (Tables)	6 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregated Revenues	EQUIPMENT & SERVICES REVENUES Three months ended June 30 (In millions) 2020 2019 Equipment Services Total Equipment Services Total Power $ 1,488 $ 2,669 $ 4,156 $ 1,463 $ 3,218 $ 4,681 Renewable Energy 2,722 783 3,505 2,867 760 3,627 Aviation 2,031 2,352 4,384 3,033 4,844 7,877 Healthcare 2,050 1,843 3,893 2,838 2,095 4,934 Corporate items and industrial eliminations 9 120 129 69 229 298 Total GE Industrial revenues $ 8,299 $ 7,767 $ 16,066 $ 10,269 $ 11,147 $ 21,416 Six months ended June 30 (In millions) 2020 2019 Equipment Services Total Equipment Services Total Power $ 2,994 $ 5,187 $ 8,181 $ 3,039 $ 6,259 $ 9,298 Renewable Energy 5,298 1,401 6,698 4,848 1,317 6,165 Aviation 4,475 6,801 11,276 6,146 9,685 15,831 Healthcare 4,749 3,872 8,620 5,492 4,125 9,616 Corporate items and industrial eliminations (39 ) 174 135 352 478 830 Total GE Industrial revenues $ 17,476 $ 17,434 $ 34,910 $ 19,878 $ 21,863 $ 41,740 REVENUES Three months ended June 30 Six months ended June 30 (In millions) 2020 2019 2020 2019 Gas Power $ 3,077 $ 3,246 $ 5,936 $ 6,510 Power Portfolio 1,079 1,434 2,244 2,788 Power $ 4,156 $ 4,681 $ 8,181 $ 9,298 Onshore Wind $ 2,487 $ 2,450 $ 4,612 $ 3,891 Grid Solutions equipment and services 812 935 1,652 1,852 Hydro, Offshore Wind and other 205 242 435 422 Renewable Energy $ 3,505 $ 3,627 $ 6,698 $ 6,165 Commercial Engines & Services $ 2,232 $ 5,848 $ 7,009 $ 11,797 Military 1,161 976 2,121 2,013 Systems & Other 990 1,052 2,146 2,021 Aviation $ 4,384 $ 7,877 $ 11,276 $ 15,831 Healthcare Systems $ 3,523 $ 3,589 $ 6,971 $ 7,021 Pharmaceutical Diagnostics 370 517 820 1,003 BioPharma — 828 830 1,593 Healthcare $ 3,893 $ 4,934 $ 8,620 $ 9,616 Corporate items and industrial eliminations 129 298 135 830 Total GE Industrial revenues $ 16,066 $ 21,416 $ 34,910 $ 41,740 Capital 1,845 2,321 3,768 4,548 GE Capital-GE eliminations $ (162 ) $ (323 ) $ (406 ) $ (672 ) Consolidated revenues $ 17,750 $ 23,414 $ 38,273 $ 45,616

CONTRACT AND OTHER DEFERRED A_2

CONTRACT AND OTHER DEFERRED ASSETS & PROGRESS COLLECTIONS AND DEFERRED INCOME (Tables)	6 Months Ended
	Jun. 30, 2020
Contractors [Abstract]
Contract with Customer, Asset and Liability	June 30, 2020 (In millions) Power Aviation Renewable Energy Healthcare Other Total Revenues in excess of billings $ 5,323 $ 4,404 $ — $ — $ — $ 9,728 Billings in excess of revenues (1,505 ) (3,910 ) — — — (5,415 ) Long-term service agreements(a) 3,818 494 — — — 4,312 Short-term and other service agreements 152 343 41 187 37 759 Equipment contract revenues(b) 2,415 76 1,249 307 155 4,202 Total contract assets 6,385 913 1,290 494 192 9,273 Deferred inventory costs 933 475 982 339 — 2,730 Nonrecurring engineering costs 24 2,355 41 32 — 2,452 Customer advances and other(c) — 1,132 — — (32 ) 1,100 Contract and other deferred assets $ 7,342 $ 4,875 $ 2,313 $ 865 $ 160 $ 15,555 December 31, 2019 (In millions) Revenues in excess of billings $ 5,342 $ 4,996 $ — $ — $ — $ 10,338 Billings in excess of revenues (1,561 ) (3,719 ) — — — (5,280 ) Long-term service agreements(a) 3,781 1,278 — — — 5,058 Short-term and other service agreements 190 316 43 169 — 717 Equipment contract revenues(b) 2,508 82 1,217 324 106 4,236 Total contract assets 6,478 1,675 1,260 492 106 10,011 Deferred inventory costs 943 287 1,677 359 — 3,267 Nonrecurring engineering costs 44 2,257 47 35 8 2,391 Customer advances and other(c) — 1,165 — — (32 ) 1,133 Contract and other deferred assets $ 7,465 $ 5,384 $ 2,985 $ 886 $ 82 $ 16,801 (a) Included amounts due from customers at Aviation for the sales of engines, spare parts and services, which we will collect through higher usage-based fees from servicing equipment under long-term service agreements, totaling $1,791 million and $1,712 million as of June 30, 2020 and December 31, 2019 , respectively. The corresponding discount is recorded within liabilities as Deferred income and amounted to $297 million and $308 million as of June 30, 2020 and December 31, 2019 , respectively. (b) Included are amounts due from customers at Power for the sale of services upgrades, which we collect through incremental fixed or usage-based fees from servicing the equipment under long-term service agreements, totaling $862 million and $909 million as of June 30, 2020 and December 31, 2019 , respectively. (c) Included advances to and amounts due from customers at Aviation for the sale of engines, spare parts and services, which we will collect through incremental fees for goods and services to be delivered in future periods, totaling $955 million and $986 million as of June 30, 2020 and December 31, 2019 , respectively. The corresponding discount is recorded within liabilities as Deferred income and amounted to $262 million and $256 million as of June 30, 2020 and December 31, 2019 , respectively. June 30, 2020 (In millions) Power Aviation Renewable Energy Healthcare Other Total Progress collections on equipment contracts $ 5,011 $ 152 $ 1,184 $ — $ — $ 6,347 Other progress collections 431 5,324 3,716 343 171 9,985 Total progress collections 5,441 5,476 4,901 343 171 16,332 Deferred income(a) 48 1,569 329 1,691 121 3,759 GE Progress collections and deferred income $ 5,489 $ 7,046 $ 5,230 $ 2,034 $ 292 $ 20,091 December 31, 2019 (In millions) Progress collections on equipment contracts $ 5,857 $ 115 $ 1,268 $ — $ — $ 7,240 Other progress collections 413 4,748 4,193 305 189 9,849 Total progress collections 6,270 4,863 5,461 305 189 17,089 Deferred income(a) 49 1,528 284 1,647 98 3,606 GE Progress collections and deferred income $ 6,319 $ 6,391 $ 5,745 $ 1,952 $ 287 $ 20,694 (a) Included in this balance are finance discounts associated with customer advances at Aviation of $560 million and $564 million as of June 30, 2020 and December 31, 2019 , respectively.

BORROWINGS (Tables)

BORROWINGS (Tables)	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Schedule of Borrowings	(In millions) June 30, 2020 December 31, 2019 Commercial paper $ 505 $ 3,008 Current portion of long-term borrowings 38 766 Current portion of long-term borrowings assumed by GE 3,679 5,473 Other 1,194 1,832 Total GE short-term borrowings $ 5,416 $ 11,079 Current portion of long-term borrowings $ 4,000 $ 11,226 Intercompany payable to GE 3,237 2,104 Other 601 804 Total GE Capital short-term borrowings $ 7,837 $ 14,134 Eliminations (4,195 ) (3,140 ) Total short-term borrowings $ 9,059 $ 22,072 Senior notes $ 18,387 $ 14,762 Senior notes assumed by GE 20,046 23,024 Subordinated notes assumed by GE 1,673 2,871 Other 293 324 Total GE long-term borrowings $ 40,398 $ 40,980 Senior notes $ 31,253 $ 25,371 Subordinated notes 188 178 Intercompany payable to GE 17,435 17,038 Other 584 626 Total GE Capital long-term borrowings $ 49,460 $ 43,213 Eliminations (17,435 ) (17,038 ) Total long-term borrowings $ 72,423 $ 67,155 Non-recourse borrowings of consolidated securitization entities 396 1,655 Total borrowings $ 81,878 $ 90,882

INSURANCE LIABILITIES AND ANN_2

INSURANCE LIABILITIES AND ANNUITY BENEFITS (Tables)	6 Months Ended
	Jun. 30, 2020
Insurance [Abstract]
Schedule of Insurance and Investment Contract Liabilities	June 30, 2020 (In millions) Long-term care insurance contracts Structured settlement annuities & life insurance contracts Other Other adjustments(a) Total Future policy benefit reserves $ 16,794 $ 9,385 $ 179 $ 6,873 $ 33,231 Claim reserves 4,330 282 1,087 — 5,699 Investment contracts — 1,085 1,044 — 2,129 Unearned premiums and other 27 187 143 — 357 21,151 10,939 2,453 6,873 41,416 Eliminations — — (462 ) — (462 ) Total $ 21,151 $ 10,939 $ 1,991 $ 6,873 $ 40,954 December 31, 2019 (In millions) Future policy benefit reserves $ 16,755 $ 9,511 $ 183 $ 5,655 $ 32,104 Claim reserves 4,238 252 1,125 — 5,615 Investment contracts — 1,136 1,055 — 2,191 Unearned premiums and other 30 196 96 — 322 21,023 11,095 2,459 5,655 40,232 Eliminations — — (406 ) — (406 ) Total $ 21,023 $ 11,095 $ 2,053 $ 5,655 $ 39,826 (a) To the extent that unrealized gains on specific investment 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 after-tax reduction of net unrealized gains recognized through Accumulated other comprehensive income (loss) (AOCI) in our consolidated Statement of Earnings (Loss).

POSTRETIREMENT BENEFIT PLANS (T

POSTRETIREMENT BENEFIT PLANS (Tables)	6 Months Ended
	Jun. 30, 2020
Retirement Benefits [Abstract]
Schedule of Effect on Operations of Pension Plans	Principal pension plans Three months ended June 30 Six months ended June 30 (In millions) 2020 2019 2020 2019 Service cost for benefits earned $ 192 $ 160 $ 345 $ 318 Prior service cost amortization 37 34 74 67 Expected return on plan assets (748 ) (862 ) (1,496 ) (1,725 ) Interest cost on benefit obligations 589 723 1,176 1,449 Net actuarial loss amortization 851 770 1,699 1,533 Curtailment/settlement loss (gain) — — — 51 Benefit plans cost $ 921 $ 825 $ 1,798 $ 1,693

SHAREHOLDERS' EQUITY (Tables)

SHAREHOLDERS' EQUITY (Tables)	6 Months Ended
	Jun. 30, 2020
Equity [Abstract]
Schedule of Shareowners' Equity	ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) Three months ended June 30 Six months ended June 30 (In millions) 2020 2019 2020 2019 Beginning balance $ 20 $ (16 ) $ 61 $ (39 ) AOCI before reclasses – net of taxes of $8, $(23), $7 and $15(a) 34 94 41 121 Reclasses from AOCI – net of taxes of $(2), $(5), $(14) and $(6) (7 ) (18 ) (55 ) (22 ) AOCI 27 76 (14 ) 99 Less AOCI attributable to noncontrolling interests — — — 1 Investment securities AOCI ending balance $ 47 $ 60 $ 47 $ 60 Beginning balance $ (4,685 ) $ (5,810 ) $ (4,818 ) $ (6,134 ) AOCI before reclasses – net of taxes of $25, $13, $20 and $39 (58 ) (308 ) (613 ) (1 ) Reclasses from AOCI – net of taxes of $0, $0, $0 and $(4)(b) 1 167 691 284 AOCI (57 ) (141 ) 78 283 Less AOCI attributable to noncontrolling interests 1 (77 ) 3 22 Currency translation adjustments AOCI ending balance $ (4,743 ) $ (5,874 ) $ (4,743 ) $ (5,874 ) Beginning balance $ (163 ) $ 49 $ 49 $ 13 AOCI before reclasses – net of taxes of $(24), $(8), $(69) and $3 40 (50 ) (222 ) (16 ) Reclasses from AOCI – net of taxes of $(1), $4, $8 and $1(b) 13 25 64 28 AOCI 53 (25 ) (158 ) 12 Less AOCI attributable to noncontrolling interests — (1 ) — 1 Cash flow hedges AOCI ending balance $ (109 ) $ 26 $ (109 ) $ 26 Beginning balance $ (5,991 ) $ (7,708 ) $ (7,024 ) $ (8,254 ) AOCI before reclasses – net of taxes of $(2), $13, $28 and $(35) (74 ) 7 145 (111 ) Reclasses from AOCI – net of taxes of $187, $164, $426 and $347(b) 678 632 1,495 1,294 AOCI 604 639 1,640 1,183 Less AOCI attributable to noncontrolling interests — (6 ) 3 (8 ) Benefit plans AOCI ending balance $ (5,387 ) $ (7,063 ) $ (5,387 ) $ (7,063 ) AOCI at June 30 $ (10,194 ) $ (12,852 ) $ (10,194 ) $ (12,852 ) (a) Included adjustments of $(2,229) million and $(1,054) million for the three months ended June 30, 2020 and 2019, respectively and $(962) million and $(2,011) million for the six months ended June 30, 2020 and 2019, respectively, related to 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 security gains been realized. See Note 12 for further information. (b) The total reclassification from AOCI included $836 million , including currency translation of $688 million , net of taxes, for the six months ended June 30, 2020, related to the sale of our BioPharma business within our Healthcare segment.

EARNINGS PER SHARE INFORMATION

EARNINGS PER SHARE INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	Three months ended June 30 2020 2019 (Earnings for per-share calculation, in millions; per-share amounts in dollars) Diluted Basic Diluted Basic Earnings from continuing operations $ (1,995 ) $ (1,995 ) $ (114 ) $ (114 ) Preferred stock dividends (192 ) (192 ) (188 ) (188 ) Accretion of redeemable noncontrolling interests, net of tax(a) (135 ) (135 ) — — Earnings from continuing operations attributable to common shareholders (2,322 ) (2,322 ) (302 ) (302 ) Earnings (loss) from discontinued operations 7 7 241 241 Net earnings (loss) attributable to GE common shareholders $ (2,314 ) $ (2,314 ) $ (61 ) $ (61 ) Shares of GE common stock outstanding 8,750 8,750 8,724 8,724 Employee compensation-related shares (including stock options) — — — — Total average equivalent shares 8,750 8,750 8,724 8,724 Earnings per share from continuing operations $ (0.27 ) $ (0.27 ) $ (0.03 ) $ (0.03 ) Earnings (loss) per share from discontinued operations — — 0.03 0.03 Net earnings (loss) per share (0.26 ) (0.26 ) (0.01 ) (0.01 ) Potentially dilutive securities(b) 459 486 Six months ended June 30 2020 2019 (Earnings for per-share calculation; in millions; per-share amounts in dollars) Diluted Basic Diluted Basic Earnings from continuing operations $ 4,370 $ 4,370 $ 828 $ 843 Preferred stock dividends (235 ) (235 ) (228 ) (228 ) Accretion of redeemable noncontrolling interests, net of tax(a) $ (135 ) $ (135 ) — — Earnings from continuing operations attributable to common shareholders $ 4,000 $ 4,000 $ 600 $ 616 Earnings (loss) from discontinued operations (168 ) (168 ) 2,845 2,861 Net earnings attributable to GE common shareholders $ 3,832 $ 3,832 $ 3,461 $ 3,476 Shares of GE common stock outstanding 8,746 8,746 8,716 8,716 Employee compensation-related shares (including stock options) 6 — 13 — Total average equivalent shares 8,752 8,746 8,730 8,716 Earnings from continuing operations $ 0.46 $ 0.46 $ 0.07 $ 0.07 Loss from discontinued operations (0.02 ) (0.02 ) 0.33 0.33 Net earnings 0.44 0.44 0.40 0.40 Potentially dilutive securities(b) 440 468 (a) Represents accretion adjustment of redeemable noncontrolling interests in our Additive business within our Aviation segment. (b) Outstanding stock awards not included in the computation of diluted earnings per share because their effect was antidilutive.

FINANCIAL INSTRUMENTS (Tables)

FINANCIAL INSTRUMENTS (Tables)	6 Months Ended
	Jun. 30, 2020
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 and excludes finance leases, equity securities without readily determinable fair value and non-financial assets and liabilities. Substantially all of these assets are considered to be Level 3 and the vast majority of our liabilities’ fair value are considered Level 2. June 30, 2020 December 31, 2019 (In millions) Carrying Estimated Carrying Estimated Assets Loans and other receivables $ 3,668 $ 3,722 $ 4,113 $ 4,208 Liabilities Borrowings (Note 11) 81,878 83,054 90,882 97,754 Investment contracts (Note 12) 2,129 2,597 2,191 2,588
Fair Value of Derivative Assets	FAIR VALUE OF DERIVATIVES June 30, 2020 December 31, 2019 (In millions) Gross Notional All other assets All other liabilities Gross Notional All other assets All other liabilities Interest rate contracts $ 20,790 $ 2,081 $ 9 $ 23,918 $ 1,636 $ 11 Currency exchange contracts 6,457 58 194 7,044 99 46 Derivatives accounted for as hedges $ 27,247 $ 2,139 $ 203 $ 30,961 $ 1,734 $ 57 Interest rate contracts $ 717 $ 9 $ 7 $ 3,185 $ 18 $ 12 Currency exchange contracts 60,356 750 1,018 62,165 697 744 Other contracts 1,482 87 30 1,706 123 40 Derivatives not accounted for as hedges $ 62,554 $ 846 $ 1,055 $ 67,056 $ 838 $ 796 Gross derivatives $ 89,801 $ 2,985 $ 1,257 $ 98,018 $ 2,572 $ 853 Netting and credit adjustments $ (704 ) $ (710 ) $ (546 ) $ (546 ) Cash collateral adjustments (1,212 ) (149 ) (1,286 ) (105 ) Net derivatives recognized in statement of financial position $ 1,069 $ 398 $ 740 $ 202 Net accrued interest $ 118 $ 15 $ 182 $ 1 Securities held as collateral (720 ) — (469 ) — Net amount $ 467 $ 413 $ 452 $ 203
Fair Value of Derivative Liabilities	FAIR VALUE OF DERIVATIVES June 30, 2020 December 31, 2019 (In millions) Gross Notional All other assets All other liabilities Gross Notional All other assets All other liabilities Interest rate contracts $ 20,790 $ 2,081 $ 9 $ 23,918 $ 1,636 $ 11 Currency exchange contracts 6,457 58 194 7,044 99 46 Derivatives accounted for as hedges $ 27,247 $ 2,139 $ 203 $ 30,961 $ 1,734 $ 57 Interest rate contracts $ 717 $ 9 $ 7 $ 3,185 $ 18 $ 12 Currency exchange contracts 60,356 750 1,018 62,165 697 744 Other contracts 1,482 87 30 1,706 123 40 Derivatives not accounted for as hedges $ 62,554 $ 846 $ 1,055 $ 67,056 $ 838 $ 796 Gross derivatives $ 89,801 $ 2,985 $ 1,257 $ 98,018 $ 2,572 $ 853 Netting and credit adjustments $ (704 ) $ (710 ) $ (546 ) $ (546 ) Cash collateral adjustments (1,212 ) (149 ) (1,286 ) (105 ) Net derivatives recognized in statement of financial position $ 1,069 $ 398 $ 740 $ 202 Net accrued interest $ 118 $ 15 $ 182 $ 1 Securities held as collateral (720 ) — (469 ) — Net amount $ 467 $ 413 $ 452 $ 203
Effects of Derivatives on Earnings	The table below presents the effect of our derivative financial instruments in the consolidated Statement of Earnings: Three months ended June 30, 2020 Three months ended June 30, 2019 (In millions) Revenues Cost of sales Interest Expense SG&A Other Income Revenues Cost of sales Interest Expense SG&A Other Income Total amounts presented in the consolidated Statement of Earnings $ 17,750 $ 15,083 $ 997 $ 3,079 $ 2,078 $ 23,414 $ 17,412 $ 929 $ 3,425 $ 164 Total effect of cash flow hedges $ 15 $ (13 ) $ (12 ) $ (2 ) $ — $ (15 ) $ (5 ) $ (9 ) $ — $ — Hedged items $ (122 ) $ (659 ) Derivatives designated as hedging instruments 109 646 Total effect of fair value hedges $ (12 ) $ (14 ) Interest rate contracts $ (12 ) $ — $ (4 ) $ — $ — $ (14 ) $ — $ (14 ) $ — $ — Currency exchange contracts (95 ) 16 — 104 (32 ) (433 ) (31 ) — (17 ) (27 ) Other — — — 97 11 — — 27 — (12 ) Total effect of derivatives not designated as hedges $ (107 ) $ 16 $ (4 ) $ 201 $ (21 ) $ (447 ) $ (31 ) $ 13 $ (17 ) $ (39 ) Six months ended June 30, 2020 Six months ended June 30, 2019 (In millions) Revenues Cost of sales Interest Expense SG&A Other Income Revenues Cost of sales Interest Expense SG&A Other Income Total amounts presented in the consolidated Statement of Earnings $ 38,273 $ 30,778 $ 1,791 $ 6,144 $ 8,947 $ 45,616 $ 33,620 $ 1,993 $ 6,827 $ 1,012 Total effect of cash flow hedges $ (6 ) $ (38 ) $ (23 ) $ (5 ) $ — $ 5 $ (14 ) $ (19 ) $ (1 ) $ — Hedged items $ (2,601 ) $ (1,186 ) Derivatives designated as hedging instruments 2,620 1,161 Total effect of fair value hedges $ 19 $ (25 ) Interest rate contracts $ (35 ) $ — $ (13 ) $ — $ — $ (18 ) $ — $ (29 ) $ — $ — Currency exchange contracts (616 ) 29 — 159 (21 ) (43 ) (22 ) — (62 ) (25 ) Other — — — (63 ) (11 ) — — 123 — 1 Total effect of derivatives not designated as hedges $ (652 ) $ 29 $ (13 ) $ 95 $ (32 ) $ (62 ) $ (22 ) $ 94 $ (62 ) $ (24 )

INTERCOMPANY TRANSACTIONS (Tabl

INTERCOMPANY TRANSACTIONS (Tables)	6 Months Ended
	Jun. 30, 2020
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. Six months ended June 30 (In millions) 2020 2019 Combined GE and GE Capital cash from (used for) operating activities - continuing operations $ (2,298 ) $ 211 GE current receivables sold to GE Capital(a) (452 ) 560 GE long-term receivables sold to GE Capital(b) 177 269 Supply chain finance programs(c) 1,457 473 Other reclassifications and eliminations (202 ) 14 Consolidated cash from (used for) operating activities - continuing operations $ (1,319 ) $ 1,528 Combined GE and GE Capital cash from (used for) investing activities - continuing operations $ 27,207 $ 3,495 GE current receivables sold to GE Capital 270 (1,297 ) GE long-term receivables sold to GE Capital(b) (177 ) (269 ) Supply chain finance programs(c) (1,457 ) (473 ) GE Capital long-term loans to GE (7,500 ) — Capital contribution from GE to GE Capital — 1,500 Other reclassifications and eliminations 167 (689 ) Consolidated cash from (used for) investing activities - continuing operations $ 18,509 $ 2,266 Combined GE and GE Capital cash from (used for) financing activities - continuing operations $ (19,717 ) $ (6,004 ) GE current receivables sold to GE Capital 183 737 GE Capital long-term loans to GE 7,500 — Capital contribution from GE to GE Capital — (1,500 ) Other reclassifications and eliminations 36 674 Consolidated cash from (used for) financing activities - continuing operations $ (11,999 ) $ (6,092 ) (a) I ncluded the elimination of $7,494 million payments to GE for current receivables purchased and retained by GE Capital and the related reclassification to CFOA of $7,042 million due to GE Capital collections and other activity in our consolidated statement of cash flows for the six months ended June 30, 2020. Included the elimination of $7,165 million payments and the reclassification to CFOA of $7,725 million collections and other activity for the six months ended June 30, 2019 . (b) Primarily included the reclassification of long-term receivables purchased and retained by GE Capital to current receivables. (c) Represents the elimination of net payments from GE to GE Capital related to the funded participation in a supply chain finance program with GE Capital. The reduction of the GE liability associated with this program is primarily as a result of GE Capital's sale of the program platform to MUFG Union Bank, N.A. (MUFG) in 2019.

BAKER HUGHES SUMMARIZED FINAN_2

BAKER HUGHES SUMMARIZED FINANCIAL INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2020
Equity Method Investments and Joint Ventures [Abstract]
Associated Companies Summarized Financial Information	Summarized financial information of Baker Hughes is as follows. Three months ended June 30, 2020 Six months ended June 30, 2020 Revenues $ 4,736 $ 10,160 Gross profit 678 1,433 Net income (loss) (355 ) (16,453 ) Net income (loss) attributable to the entity (201 ) (10,411 )

OTHER INCOME (Tables)

OTHER INCOME (Tables)	6 Months Ended
	Jun. 30, 2020
Other Income and Expenses [Abstract]
Schedule of Other Income	Three months ended June 30 Six months ended June 30 (In millions) 2020 2019 2020 2019 Purchases and sales of business interests(a) $ 52 $ (39 ) $ 12,424 $ 214 Licensing and royalty income 31 80 73 120 Associated companies 31 82 69 121 Net interest and investment income(b) 1,955 23 (3,677 ) 160 Other items 48 26 101 410 GE $ 2,116 $ 172 $ 8,990 $ 1,024 Eliminations (38 ) (8 ) (43 ) (13 ) Total $ 2,078 $ 164 $ 8,947 $ 1,012 (a) Included a pre-tax gain of $12,341 million on the sale of BioPharma for the six months ended June 30, 2020. Included a pre-tax gain of $223 million on the sale of ServiceMax for the six months ended June 30, 2019. See Note 2 for further information. (b) Included a pre-tax unrealized gain of $1,846 million and a pre-tax unrealized loss of $3,865 million for the three and six months ended June 30, 2020, respectively, related to our interest in Baker Hughes in 2020. See Note 3 for further information.

BASIS OF PRESENTATION AND SUM_3

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Accounting Changes (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accounting Standards Update [Extensible List]	us-gaap:AccountingStandardsUpdate2016-13Member
Retained earnings	$ 91,188	$ 87,732
Cumulative effect adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Increase in allowance for credit losses		221
Retained earnings		$ (175)

BUSINESSES HELD FOR SALE AND _3

BUSINESSES HELD FOR SALE AND DISCONTINUED OPERATIONS - Assets and Liabilities of Businesses Held for Sale, Narrative (Details) - BioPharma $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2020USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Pretax gain on sale		$ 12,341
Disposed of by sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Consideration	$ 21,149	21,149
Consideration, cash	20,732	20,732
Consideration, pension liabilities assumed	417	417
Cash payments associated with transaction	$ 154	154
Pretax gain on sale		12,341
Gain on sale, after tax		$ 11,199

BUSINESSES HELD FOR SALE AND _4

BUSINESSES HELD FOR SALE AND DISCONTINUED OPERATIONS - Discontinued Operations, Narrative (Details) - USD ($) $ in Millions	Aug. 31, 2019	Feb. 25, 2019	Jun. 30, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain (loss) on disposal before income taxes			$ (10)			$ 0	$ (13)	$ 3,517
Gain (loss) on disposal, net of taxes			(10)			(1)	(13)	2,553
Baker Hughes
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain (loss) on disposal before income taxes			(10)			0	(13)	0
Gain (loss) on disposal, net of taxes			(10)		$ (8,238)	0	(13)	0
Transportation
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain (loss) on disposal before income taxes			0			0	0	3,471
Gain (loss) on disposal, net of taxes			$ 0			$ 0	0	$ 2,508
Transportation | Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain (loss) on disposal before income taxes		$ 3,471
Gain (loss) on disposal, net of taxes		$ 2,508
Baker Hughes | Baker Hughes | Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Ownership interest (as a percentage)	50.20%			36.80%
Baker Hughes excluding joint venture | Investee
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Sales of products and services							265
Purchases of products and services							101
Cash collected from affiliate							451
Dividend received							136
Baker Hughes excluding joint venture | Notes Payable, Other Payables | Baker Hughes Promissory Note | Investee
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash collected from affiliate							130
Baker Hughes | Aeroderivative Joint Venture | Investee
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Sales of products and services							252
Cash collected from affiliate							$ 225

BUSINESSES HELD FOR SALE AND _5

BUSINESSES HELD FOR SALE AND DISCONTINUED OPERATIONS - Financial Information for Discontinued Operations (Details) - USD ($) $ in Millions	Feb. 25, 2019	Jun. 30, 2020	Sep. 30, 2019	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Operations
Sales of goods and services		$ 0		$ 5,953	$ 0	$ 12,118
GE Capital revenues and other income (loss)		71		(48)	(5)	(9)
Cost of goods and services sold		0		(4,954)	0	(10,109)
Other income, costs and expenses		(64)		(993)	152	1,863
Earnings (loss) of discontinued operations before income taxes		8		(42)	(157)	137
Benefit (provision) for income taxes		9		261	0	192
Earnings (loss) of discontinued operations, net of taxes				219	(157)	329
Disposal
Gain (loss) on disposal before income taxes		(10)		0	(13)	3,517
Benefit (provision) for income taxes		0		0	0	(964)
Gain (loss) on disposal, net of taxes		(10)		(1)	(13)	2,553
Earnings (loss) from discontinued operations, net of taxes		7		219	(171)	2,881
Earnings (loss) of discontinued operations attributable to the Company after income taxes		17		242	(155)	317
Assets
Assets		3,617			3,617		$ 4,109
Liabilities
Liabilities		235			235		203
Baker Hughes disposal group
Operations
Sales of goods and services		0		5,953	0	11,569
GE Capital revenues and other income (loss)		0		0	0	0
Cost of goods and services sold		0		(4,954)	0	(9,631)
Other income, costs and expenses		(3)		(981)	(3)	(1,768)
Earnings (loss) of discontinued operations before income taxes		(3)		18	(3)	170
Benefit (provision) for income taxes		2		(33)	(11)	(116)
Earnings (loss) of discontinued operations, net of taxes		(1)		(15)	(14)	55
Disposal
Gain (loss) on disposal before income taxes		(10)		0	(13)	0
Benefit (provision) for income taxes		0		0	0	0
Gain (loss) on disposal, net of taxes		(10)	$ (8,238)	0	(13)	0
Earnings (loss) from discontinued operations, net of taxes		(11)		(15)	(27)	55
Transportation
Operations
Sales of goods and services		0		0	0	549
GE Capital revenues and other income (loss)		0		0	0	0
Cost of goods and services sold		0		0	0	(478)
Other income, costs and expenses		1		3	(3)	(6)
Earnings (loss) of discontinued operations before income taxes		1		3	(3)	65
Benefit (provision) for income taxes		0		(7)	6	(19)
Earnings (loss) of discontinued operations, net of taxes		1		(4)	4	46
Disposal
Gain (loss) on disposal before income taxes		0		0	0	3,471
Benefit (provision) for income taxes		0		0	0	(963)
Gain (loss) on disposal, net of taxes		0		0	0	2,508
Earnings (loss) from discontinued operations, net of taxes		1		(4)	4	2,554
GE Capital
Operations
Sales of goods and services		0		0	0	0
GE Capital revenues and other income (loss)		71		(48)	(5)	(9)
Cost of goods and services sold		0		0	0	0
Other income, costs and expenses		(62)		(16)	(146)	(89)
Earnings (loss) of discontinued operations before income taxes		10		(64)	(151)	(98)
Benefit (provision) for income taxes		8		302	4	327
Earnings (loss) of discontinued operations, net of taxes		17		238	(147)	228
Disposal
Gain (loss) on disposal before income taxes		0		0	0	47
Benefit (provision) for income taxes		0		0	0	(2)
Gain (loss) on disposal, net of taxes		0		(1)	0	45
Earnings (loss) from discontinued operations, net of taxes		17		$ 238	(147)	$ 273
Discontinued Operations
Assets
Cash, cash equivalents and restricted cash		477			477		638
Investment securities		91			91		202
Current receivables		61			61		81
Financing receivables held for sale (Polish mortgage portfolio)		2,398			2,398		2,485
Property, plant, and equipment		112			112		123
Deferred income taxes		213			213		264
All other assets		265			265		317
Assets		3,617			3,617		4,109
Liabilities
Accounts payable & Progress collections and deferred income		15			15		40
All other liabilities		220			220		163
Liabilities		235			235		203
Discontinued Operations | Transportation
Disposal
Gain (loss) on disposal before income taxes	$ 3,471
Gain (loss) on disposal, net of taxes	$ 2,508
Discontinued Operations | GE Capital
Assets
Assets		3,462			3,462
Liabilities
Liabilities		84			84
GE Capital Exit Plan | Discontinued Operations
Liabilities
Discontinued operations, intercompany tax receivables		$ 829			$ 829		$ 839

INVESTMENT SECURITIES - Schedul

INVESTMENT SECURITIES - Schedule of Investment Securities (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Debt and Equity Securities, FV-NI [Line Items]
Gross unrealized gains	$ 7,237	$ 5,736
Gross unrealized losses	(300)	(31)
Equity	6,465	10,025
Amortized cost	40,179	42,816
Estimated fair value	47,117	48,521
U.S. corporate
Debt and Equity Securities, FV-NI [Line Items]
Amortized cost	23,540	23,037
Gross unrealized gains	5,771	4,636
Gross unrealized losses	(136)	(11)
Estimated fair value	29,175	27,661
Non-U.S. corporate
Debt and Equity Securities, FV-NI [Line Items]
Amortized cost	2,185	2,161
Gross unrealized gains	337	260
Gross unrealized losses	(5)	(1)
Estimated fair value	2,517	2,420
State and municipal
Debt and Equity Securities, FV-NI [Line Items]
Amortized cost	3,235	3,086
Gross unrealized gains	826	598
Gross unrealized losses	(22)	(15)
Estimated fair value	4,039	3,669
Mortgage and asset-backed
Debt and Equity Securities, FV-NI [Line Items]
Amortized cost	3,497	3,117
Gross unrealized gains	97	116
Gross unrealized losses	(136)	(4)
Estimated fair value	3,458	3,229
Government and agencies
Debt and Equity Securities, FV-NI [Line Items]
Amortized cost	1,257	1,391
Gross unrealized gains	206	126
Gross unrealized losses	0	0
Estimated fair value	$ 1,463	$ 1,516

INVESTMENT SECURITIES - Narrati

INVESTMENT SECURITIES - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Accrued interest	$ 413		$ 413
Equity securities	6,465		6,465		$ 10,025
Gross unrealized losses, less than 12 months	(271)		(271)		(11)
Gross unrealized losses, 12 months or more	(29)		(29)		(20)
Estimated fair value, less than 12 months	3,066		3,066		724
Estimated fair value, 12 months or more	168		168		274
Gross unrealized losses	(300)		(300)		(31)
Net unrealized gains (losses) recorded to earnings	1,929	$ (51)	(3,843)	$ (42)
Proceeds from investment securities sales and early redemptions by issuers	1,450	2,913	2,705	4,334
Debt and equity securities, realized gain	82	32	128	76
Debt and equity securities, realized losses	(69)	(67)	(85)	(105)
Equity securities without readily determinable fair values	288		288		517
Fair value adjustments, including impairment	(65)	$ 29	(159)	$ 23
Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments with a fair value	5,453		5,453		5,210
Baker Hughes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Equity securities	5,910		5,910
Net unrealized gains (losses) recorded to earnings	1,846		(3,865)
CMBS
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Gross unrealized losses	(113)		(113)
U.S. corporate
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Gross unrealized losses	$ (136)		$ (136)		$ (11)

INVESTMENT SECURITIES - Contrac

INVESTMENT SECURITIES - Contractual Maturities (Details) $ in Millions	Jun. 30, 2020USD ($)
Amortized cost
Within one year	$ 643
After one year through five years	2,483
After five years through ten years	6,516
After ten years	20,575
Estimated fair value
Within one year	657
After one year through five years	2,676
After five years through ten years	7,599
After ten years	$ 26,261

CURRENT AND LONG-TERM RECEIVA_3

CURRENT AND LONG-TERM RECEIVABLES - Schedule of Current Receivables (Details) - USD ($) $ in Millions		6 Months Ended	12 Months Ended
		Jun. 30, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Customer receivables		$ 12,361	$ 12,594
Sundry receivables		4,840	5,049
Allowance for credit losses		(1,160)	(874)
Total current receivables		16,041	16,769
Increase in allowance for credit losses		272
GE Capital
Accounts, Notes, Loans and Financing Receivable [Line Items]
DPP balance		537	421
GE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Customer receivables		8,879	9,507
Sundry receivables		5,021	5,247
Allowance for credit losses		(1,157)	(872)
Total current receivables	[1]	12,744	13,883
Aviation | Operating Segments | Boeing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Customer receivables		$ 1,367	$ 1,397
[1]	Represents the adding together of all GE Industrial affiliates and GE Capital continuing operations on a one-line basis. See Note 1.

CURRENT AND LONG-TERM RECEIVA_4

CURRENT AND LONG-TERM RECEIVABLES - Sales of GE Current Customer Receivables, Narrative (Details)	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
GE | Current Receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of receivables sold	45.00%	59.00%

CURRENT AND LONG-TERM RECEIVA_5

CURRENT AND LONG-TERM RECEIVABLES - Sales of GE Current Customer Receivables (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Movement in Accounts Receivable from Securitization [Roll Forward]
Increase in current receivables	$ 190	$ 696
GE | Current Receivables | GE Capital
Movement in Accounts Receivable from Securitization [Roll Forward]
Balance at beginning of period	3,087	4,386
GE sales	16,964	20,009
GE Capital sales to third parties	(9,931)	(13,836)
Collections and other	(6,807)	(7,140)
Reclassification from long-term customer receivables	170	209
Balance at end of period	3,482	3,627
GE | Current Receivables | Third Parties
Movement in Accounts Receivable from Securitization [Roll Forward]
Balance at beginning of period	6,757	7,880
GE sales	773	2,760
GE Capital sales to third parties	9,931	13,836
Collections and other	(13,565)	(17,644)
Reclassification from long-term customer receivables	0	0
Balance at end of period	3,897	6,831
GE | Current Receivables with Recourse | GE Capital
Movement in Accounts Receivable from Securitization [Roll Forward]
Balance at end of period	$ 661	$ 964

CURRENT AND LONG-TERM RECEIVA_6

CURRENT AND LONG-TERM RECEIVABLES - Schedule of Long-term Receivables (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Long-term customer receivables	$ 688	$ 906
Long-term sundry receivables	1,399	1,504
Allowance for credit losses	(127)	(128)
Total long-term receivables	1,960	2,282
GE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Long-term customer receivables	465	506
Long-term sundry receivables	1,792	1,834
Allowance for credit losses	(127)	(128)
Total long-term receivables	2,130	2,212
GE Capital | GE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total long-term receivables	223	400
Noncurrent Receivables with Recourse | GE Capital | GE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Customer receivables	$ 197	$ 312

CURRENT AND LONG-TERM RECEIVA_7

CURRENT AND LONG-TERM RECEIVABLES - Unconsolidated Receivables Facilities (Details)	6 Months Ended
	Jun. 30, 2020USD ($)receivable_facility	Jun. 30, 2019USD ($)	Dec. 31, 2019USD ($)
GE Capital
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of receivables facility | receivable_facility	2
Third Parties | GE | Current Receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Customer receivables sold to receivables facilities	$ 7,679,000,000	$ 10,786,000,000
Total cash purchase price for customer receivables	7,240,000,000	10,497,000,000
Cash collections re-invested to purchase customer receivables	6,453,000,000	8,830,000,000
Non-cash increases to deferred purchase price	390,000,000	137,000,000
Cash payments received on deferred purchase price	274,000,000	$ 220,000,000
Receivables Facility One | GE Capital
Accounts, Notes, Loans and Financing Receivable [Line Items]
Facility program size	3,000,000,000
Receivables Facility Two | GE Capital
Accounts, Notes, Loans and Financing Receivable [Line Items]
Facility program size	$ 800,000,000		$ 1,200,000,000

CURRENT AND LONG-TERM RECEIVA_8

CURRENT AND LONG-TERM RECEIVABLES - Consolidated Securitization Entities (Details) $ in Millions	6 Months Ended
	Jun. 30, 2020USD ($)entity	Dec. 31, 2019USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Assets	$ 256,487	$ 266,048
Liabilities	221,233	236,187
Consolidated VIE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Assets	2,621	2,134
Liabilities	$ 1,553	1,233
Consolidated VIE | GE Capital
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of VIEs | entity	3
Consolidated VIE | GE Capital | Receivables | Current Receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Assets	$ 1,386	2,080
Consolidated VIE | GE Capital | Receivables | Noncurrent Receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Assets	217	375
Consolidated VIE | GE Capital | Debt | Debt Facilities
Accounts, Notes, Loans and Financing Receivable [Line Items]
Liabilities	$ 396	$ 1,655

FINANCING RECEIVABLES AND ALL_3

FINANCING RECEIVABLES AND ALLOWANCES - Schedule of Financing Receivables, Net (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables – net	$ 3,095	$ 3,134
Financing Receivables Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables, net of deferred income	3,167	3,168
Allowance for losses	(72)	(33)
Financing receivables – net	3,095	3,134
Financing Receivables Portfolio Segment | Loans, net of deferred income
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables, net of deferred income	1,212	1,098
Financing Receivables Portfolio Segment | Investment in financing leases, net of deferred income
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables, net of deferred income	1,955	2,070
Financing Receivables Portfolio Segment | GE Capital
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables, net of deferred income	7,004	6,996
Allowance for losses	(45)	(17)
Financing receivables – net	6,959	6,979
Financing Receivables Portfolio Segment | GE Capital | Loans, net of deferred income
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables, net of deferred income	5,049	4,927
Financing Receivables Portfolio Segment | GE Capital | Investment in financing leases, net of deferred income
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables, net of deferred income	$ 1,955	$ 2,070

FINANCING RECEIVABLES AND ALL_4

FINANCING RECEIVABLES AND ALLOWANCES - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance lease income	$ 34	$ 45	$ 78	$ 91
GE Capital | Financing Receivables Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percent of financing receivables over 30 days past due	8.50%		8.50%		4.20%
Percent of financing receivables over 90 days past due	4.70%		4.70%		2.90%
Percent of financing receivables on nonaccrual	4.60%		4.60%		6.10%

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Inventory Disclosure [Abstract]
Raw materials and work in process	$ 8,976	$ 8,771
Finished goods	6,275	5,333
Total inventories	$ 15,251	$ 14,104

PROPERTY, PLANT AND EQUIPMENT -

PROPERTY, PLANT AND EQUIPMENT - Property, Plant and Equipment (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Original cost	$ 76,137		$ 76,137		$ 75,187
Less accumulated depreciation and amortization	(33,317)		(33,317)		(31,897)
Property, plant and equipment – net	42,821		42,821		$ 43,290
Consolidated depreciation and amortization on property, plant and equipment	1,290	$ 970	2,281	$ 1,965
Operating lease income	795	1,017	1,672	1,949
Fixed lease income	714	774	1,419	1,539
Variable lease income	$ 82	$ 243	$ 253	$ 411
Operating Lease, Liability, Statement of Financial Position [Extensible List]	us-gaap:OtherLiabilities		us-gaap:OtherLiabilities
Capital | GECAS | Aircraft and engines leased to others
Property, Plant and Equipment [Line Items]
Pre-tax impairment charges	$ 292		$ 337

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT - Operating Lease Assets and Liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Right-of-use assets	$ 2,683	$ 2,896
Lease liabilities	2,930	3,162
GE Industrial
Property, Plant and Equipment [Line Items]
Lease liabilities	$ 3,117	$ 3,369

PROPERTY, PLANT AND EQUIPMENT_3

PROPERTY, PLANT AND EQUIPMENT - Operating Lease Expense (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Property, Plant and Equipment [Abstract]
Long-term (fixed)	$ 183	$ 219	$ 360	$ 445
Long-term (variable)	24	27	45	71
Short-term	54	43	123	90
Total Operating lease expense	$ 261	$ 289	$ 528	$ 606

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS - Changes in Goodwill Balances (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Goodwill
Balance at beginning of period			$ 26,734
Impairments	$ (1,717)	$ (744)	(1,717)	$ (744)
Currency exchange and other			(66)
Balance at end of period	24,951		24,951
Operating Segments | Power
Goodwill
Balance at beginning of period			145
Impairments			0
Currency exchange and other			0
Balance at end of period	145		145
Operating Segments | Renewable Energy
Goodwill
Balance at beginning of period			3,290
Impairments			0
Currency exchange and other			(67)
Balance at end of period	3,223		3,223
Operating Segments | Aviation
Goodwill
Balance at beginning of period			9,859
Impairments			(877)
Currency exchange and other			8
Balance at end of period	8,989		8,989
Operating Segments | Healthcare
Goodwill
Balance at beginning of period			11,728
Impairments			0
Currency exchange and other			(4)
Balance at end of period	11,723		11,723
Operating Segments | Capital
Goodwill
Balance at beginning of period			839
Impairments			(839)
Currency exchange and other			0
Balance at end of period	0		0
Corporate
Goodwill
Balance at beginning of period			873
Impairments			0
Currency exchange and other			(3)
Balance at end of period	$ 871		$ 871

GOODWILL AND OTHER INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLE ASSETS - Goodwill, Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2015	Dec. 31, 2019
Goodwill [Line Items]
Goodwill impairments (Note 8)	$ 1,717,000,000	$ 744,000,000	$ 1,717,000,000	$ 744,000,000
Goodwill	24,951,000,000		24,951,000,000			$ 26,734,000,000
Operating Segments | Aviation
Goodwill [Line Items]
Goodwill impairments (Note 8)			877,000,000
Goodwill	8,989,000,000		8,989,000,000			9,859,000,000
Operating Segments | Aviation | Additive Reporting Unit
Goodwill [Line Items]
Goodwill impairments (Note 8)			877,000,000
Goodwill	222,000,000		222,000,000
Operating Segments | Capital
Goodwill [Line Items]
Goodwill impairments (Note 8)			839,000,000
Goodwill	0		0			839,000,000
Operating Segments | Capital | GECAS
Goodwill [Line Items]
Goodwill impairments (Note 8)			839,000,000
Goodwill	0		0
Corporate
Goodwill [Line Items]
Goodwill impairments (Note 8)			0
Goodwill	871,000,000		871,000,000			$ 873,000,000
Corporate | Grid Solutions Reporting Unit
Goodwill [Line Items]
Goodwill	$ 871,000,000		$ 871,000,000
Milestone Aviation | Operating Segments | Capital | GECAS
Goodwill [Line Items]
Goodwill impairments (Note 8)					$ 729,000,000

GOODWILL AND OTHER INTANGIBLE_5

GOODWILL AND OTHER INTANGIBLE ASSETS - Other Intangible Assets - Net (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible assets subject to amortization	$ 10,168	$ 10,653

GOODWILL AND OTHER INTANGIBLE_6

GOODWILL AND OTHER INTANGIBLE ASSETS - Other Intangible Assets, Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of intangible assets	$ 308	$ 357	$ 648	$ 724

REVENUES - Equipment and Servic

REVENUES - Equipment and Services Revenues (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
GE Industrial
Disaggregation of Revenue [Line Items]
Total Revenues	$ 16,066	$ 21,416	$ 34,910	$ 41,740
GE Industrial | Equipment
Disaggregation of Revenue [Line Items]
Total Revenues	8,299	10,269	17,476	19,878
GE Industrial | Services
Disaggregation of Revenue [Line Items]
Total Revenues	7,767	11,147	17,434	21,863
Operating segments | GE Industrial
Disaggregation of Revenue [Line Items]
Total Revenues	16,066	21,416	34,910	41,740
Operating segments | Power
Disaggregation of Revenue [Line Items]
Total Revenues	4,156	4,681	8,181	9,298
Operating segments | Power | Equipment
Disaggregation of Revenue [Line Items]
Total Revenues	1,488	1,463	2,994	3,039
Operating segments | Power | Services
Disaggregation of Revenue [Line Items]
Total Revenues	2,669	3,218	5,187	6,259
Operating segments | Renewable Energy
Disaggregation of Revenue [Line Items]
Total Revenues	3,505	3,627	6,698	6,165
Operating segments | Renewable Energy | Equipment
Disaggregation of Revenue [Line Items]
Total Revenues	2,722	2,867	5,298	4,848
Operating segments | Renewable Energy | Services
Disaggregation of Revenue [Line Items]
Total Revenues	783	760	1,401	1,317
Operating segments | Aviation
Disaggregation of Revenue [Line Items]
Total Revenues	4,384	7,877	11,276	15,831
Operating segments | Aviation | Equipment
Disaggregation of Revenue [Line Items]
Total Revenues	2,031	3,033	4,475	6,146
Operating segments | Aviation | Services
Disaggregation of Revenue [Line Items]
Total Revenues	2,352	4,844	6,801	9,685
Operating segments | Healthcare
Disaggregation of Revenue [Line Items]
Total Revenues	3,893	4,934	8,620	9,616
Operating segments | Healthcare | Equipment
Disaggregation of Revenue [Line Items]
Total Revenues	2,050	2,838	4,749	5,492
Operating segments | Healthcare | Services
Disaggregation of Revenue [Line Items]
Total Revenues	1,843	2,095	3,872	4,125
Corporate items and eliminations
Disaggregation of Revenue [Line Items]
Total Revenues	129	298	135	830
Corporate items and eliminations | Equipment
Disaggregation of Revenue [Line Items]
Total Revenues	9	69	(39)	352
Corporate items and eliminations | Services
Disaggregation of Revenue [Line Items]
Total Revenues	$ 120	$ 229	$ 174	$ 478

REVENUES - Sub-Segment Revenues

REVENUES - Sub-Segment Revenues (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Disaggregation of Revenue [Line Items]
Consolidated Revenues	$ 17,750	$ 23,414	$ 38,273	$ 45,616
GE Industrial
Disaggregation of Revenue [Line Items]
Total Revenues	16,066	21,416	34,910	41,740
Operating segments | GE Industrial
Disaggregation of Revenue [Line Items]
Total Revenues	16,066	21,416	34,910	41,740
Operating segments | Power
Disaggregation of Revenue [Line Items]
Total Revenues	4,156	4,681	8,181	9,298
Operating segments | Power | Gas Power
Disaggregation of Revenue [Line Items]
Total Revenues	3,077	3,246	5,936	6,510
Operating segments | Power | Power Portfolio
Disaggregation of Revenue [Line Items]
Total Revenues	1,079	1,434	2,244	2,788
Operating segments | Renewable Energy
Disaggregation of Revenue [Line Items]
Total Revenues	3,505	3,627	6,698	6,165
Operating segments | Renewable Energy | Onshore Wind
Disaggregation of Revenue [Line Items]
Total Revenues	2,487	2,450	4,612	3,891
Operating segments | Renewable Energy | Grid Solutions equipment and services
Disaggregation of Revenue [Line Items]
Total Revenues	812	935	1,652	1,852
Operating segments | Renewable Energy | Hydro, Offshore Wind and other
Disaggregation of Revenue [Line Items]
Total Revenues	205	242	435	422
Operating segments | Aviation
Disaggregation of Revenue [Line Items]
Total Revenues	4,384	7,877	11,276	15,831
Operating segments | Aviation | Commercial Engines & Services
Disaggregation of Revenue [Line Items]
Total Revenues	2,232	5,848	7,009	11,797
Operating segments | Aviation | Military
Disaggregation of Revenue [Line Items]
Total Revenues	1,161	976	2,121	2,013
Operating segments | Aviation | Systems & Other
Disaggregation of Revenue [Line Items]
Total Revenues	990	1,052	2,146	2,021
Operating segments | Healthcare
Disaggregation of Revenue [Line Items]
Total Revenues	3,893	4,934	8,620	9,616
Operating segments | Healthcare | Healthcare Systems
Disaggregation of Revenue [Line Items]
Total Revenues	3,523	3,589	6,971	7,021
Operating segments | Healthcare | Pharmaceutical Diagnostics
Disaggregation of Revenue [Line Items]
Total Revenues	370	517	820	1,003
Operating segments | Healthcare | BioPharma
Disaggregation of Revenue [Line Items]
Total Revenues	0	828	830	1,593
Operating segments | Capital
Disaggregation of Revenue [Line Items]
Consolidated Revenues	1,845	2,321	3,768	4,548
Corporate items and eliminations
Disaggregation of Revenue [Line Items]
Total Revenues	129	298	135	830
Consolidated Revenues	$ (162)	$ (323)	$ (406)	$ (672)

REVENUES - Remaining Performanc

REVENUES - Remaining Performance Obligation (Details) $ in Millions	Jun. 30, 2020USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	$ 227,598
Equipment
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	44,411
Services
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	$ 183,188

REVENUES - Remaining Performa_2

REVENUES - Remaining Performance Obligation (Percentage and Period) (Details)	Jun. 30, 2020
Equipment | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation expected to be satisfied (as a percent)	63.00%
Performance obligations expected to be satisfied, expected timing	1 year
Equipment | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation expected to be satisfied (as a percent)	83.00%
Performance obligations expected to be satisfied, expected timing	2 years
Equipment | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation expected to be satisfied (as a percent)	97.00%
Performance obligations expected to be satisfied, expected timing	5 years
Services | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation expected to be satisfied (as a percent)	11.00%
Performance obligations expected to be satisfied, expected timing	1 year
Services | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation expected to be satisfied (as a percent)	43.00%
Performance obligations expected to be satisfied, expected timing	5 years
Services | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2030-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation expected to be satisfied (as a percent)	67.00%
Performance obligations expected to be satisfied, expected timing	10 years
Services | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2035-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation expected to be satisfied (as a percent)	82.00%
Performance obligations expected to be satisfied, expected timing	15 years

CONTRACT AND OTHER DEFERRED A_3

CONTRACT AND OTHER DEFERRED ASSETS & PROGRESS COLLECTIONS AND DEFERRED INCOME - Narrative (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Capitalized Contract Cost [Line Items]
Decrease in contract and other deferred assets	$ 1,246
Revenue recognized included in contract liability	6,585	$ 7,498
Power and Renewable Energy
Capitalized Contract Cost [Line Items]
Increase (decrease) in progress collections and deferred income due to timing of revenue recognition	(604)
Long-term | Services
Capitalized Contract Cost [Line Items]
Decrease due to billings	4,527
Increase due to revenues recognized	4,670
Long-term | Services | Aviation
Capitalized Contract Cost [Line Items]
Decrease due to billings	791
Non-cash pre-tax charge	(536)
Long-term | Services | Power
Capitalized Contract Cost [Line Items]
Decrease due to billings	22
GE | Operating Segments | Aviation
Capitalized Contract Cost [Line Items]
Early payments received	$ 708

CONTRACT AND OTHER DEFERRED A_4

CONTRACT AND OTHER DEFERRED ASSETS & PROGRESS COLLECTIONS AND DEFERRED INCOME - Schedule of Contract Assets (Details) - USD ($) $ in Millions		Jun. 30, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Contract and other deferred assets		$ 15,555	$ 16,801
GE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Contract and other deferred assets	[1]	15,587	16,833
Operating Segments | GE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		9,273	10,011
Deferred inventory costs		2,730	3,267
Nonrecurring engineering costs		2,452	2,391
Customer advances and other		1,100	1,133
Contract and other deferred assets		15,555	16,801
Operating Segments | GE | Service agreements
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues in excess of billings		9,728	10,338
Billings in excess of revenues		(5,415)	(5,280)
Operating Segments | GE | Service agreements | Long-term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		4,312	5,058
Operating Segments | GE | Service agreements | Short-term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		759	717
Operating Segments | GE | Equipment contract revenue
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		4,202	4,236
Operating Segments | GE | Power
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		6,385	6,478
Deferred inventory costs		933	943
Nonrecurring engineering costs		24	44
Customer advances and other		0	0
Contract and other deferred assets		7,342	7,465
Operating Segments | GE | Power | Service agreements
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues in excess of billings		5,323	5,342
Billings in excess of revenues		(1,505)	(1,561)
Operating Segments | GE | Power | Service agreements | Long-term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		3,818	3,781
Operating Segments | GE | Power | Service agreements | Short-term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		152	190
Operating Segments | GE | Power | Equipment contract revenue
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		2,415	2,508
Operating Segments | GE | Power | Products and services, incremental fees
Accounts, Notes, Loans and Financing Receivable [Line Items]
Customer advances and other		862	909
Operating Segments | GE | Aviation
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		913	1,675
Deferred inventory costs		475	287
Nonrecurring engineering costs		2,355	2,257
Customer advances and other		1,132	1,165
Contract and other deferred assets		4,875	5,384
Operating Segments | GE | Aviation | Service agreements
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues in excess of billings		4,404	4,996
Billings in excess of revenues		(3,910)	(3,719)
Operating Segments | GE | Aviation | Service agreements | Long-term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		494	1,278
Operating Segments | GE | Aviation | Service agreements | Short-term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		343	316
Operating Segments | GE | Aviation | Equipment contract revenue
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		76	82
Operating Segments | GE | Aviation | Products and services, higher usage-based fees | Long-term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Billings in excess of revenues		(297)	(308)
Total contract assets		1,791	1,712
Operating Segments | GE | Aviation | Products and services, incremental fees
Accounts, Notes, Loans and Financing Receivable [Line Items]
Billings in excess of revenues		(262)	(256)
Customer advances and other		955	986
Operating Segments | GE | Renewable Energy
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		1,290	1,260
Deferred inventory costs		982	1,677
Nonrecurring engineering costs		41	47
Customer advances and other		0	0
Contract and other deferred assets		2,313	2,985
Operating Segments | GE | Renewable Energy | Service agreements
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues in excess of billings		0	0
Billings in excess of revenues		0	0
Operating Segments | GE | Renewable Energy | Service agreements | Long-term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		0	0
Operating Segments | GE | Renewable Energy | Service agreements | Short-term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		41	43
Operating Segments | GE | Renewable Energy | Equipment contract revenue
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		1,249	1,217
Operating Segments | GE | Healthcare
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		494	492
Deferred inventory costs		339	359
Nonrecurring engineering costs		32	35
Customer advances and other		0	0
Contract and other deferred assets		865	886
Operating Segments | GE | Healthcare | Service agreements
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues in excess of billings		0	0
Billings in excess of revenues		0	0
Operating Segments | GE | Healthcare | Service agreements | Long-term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		0	0
Operating Segments | GE | Healthcare | Service agreements | Short-term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		187	169
Operating Segments | GE | Healthcare | Equipment contract revenue
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		307	324
Operating Segments | GE | Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		192	106
Deferred inventory costs		0	0
Nonrecurring engineering costs		0	8
Customer advances and other		(32)	(32)
Contract and other deferred assets		160	82
Operating Segments | GE | Other | Service agreements
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues in excess of billings		0	0
Billings in excess of revenues		0	0
Operating Segments | GE | Other | Service agreements | Long-term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		0	0
Operating Segments | GE | Other | Service agreements | Short-term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		37	0
Operating Segments | GE | Other | Equipment contract revenue
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total contract assets		$ 155	$ 106
[1]	Represents the adding together of all GE Industrial affiliates and GE Capital continuing operations on a one-line basis. See Note 1.

CONTRACT AND OTHER DEFERRED A_5

CONTRACT AND OTHER DEFERRED ASSETS & PROGRESS COLLECTIONS AND DEFERRED INCOME - Progress Collections and Deferred Income (Details) - USD ($) $ in Millions		Jun. 30, 2020	Dec. 31, 2019
Capitalized Contract Cost [Line Items]
Total progress collections & deferred income		$ 19,927	$ 20,508
GE
Capitalized Contract Cost [Line Items]
Total progress collections & deferred income	[1]	20,091	20,694
Operating Segments | GE
Capitalized Contract Cost [Line Items]
Total progress collections		16,332	17,089
Deferred income		3,759	3,606
Total progress collections & deferred income		20,091	20,694
Operating Segments | GE | Equipment
Capitalized Contract Cost [Line Items]
Total progress collections		6,347	7,240
Operating Segments | GE | Other
Capitalized Contract Cost [Line Items]
Total progress collections		9,985	9,849
Operating Segments | GE | Power
Capitalized Contract Cost [Line Items]
Total progress collections		5,441	6,270
Deferred income		48	49
Total progress collections & deferred income		5,489	6,319
Operating Segments | GE | Power | Equipment
Capitalized Contract Cost [Line Items]
Total progress collections		5,011	5,857
Operating Segments | GE | Power | Other
Capitalized Contract Cost [Line Items]
Total progress collections		431	413
Operating Segments | GE | Aviation
Capitalized Contract Cost [Line Items]
Total progress collections		5,476	4,863
Deferred income		1,569	1,528
Total progress collections & deferred income		7,046	6,391
Finance discounts		560	564
Operating Segments | GE | Aviation | Equipment
Capitalized Contract Cost [Line Items]
Total progress collections		152	115
Operating Segments | GE | Aviation | Other
Capitalized Contract Cost [Line Items]
Total progress collections		5,324	4,748
Operating Segments | GE | Renewable Energy
Capitalized Contract Cost [Line Items]
Total progress collections		4,901	5,461
Deferred income		329	284
Total progress collections & deferred income		5,230	5,745
Operating Segments | GE | Renewable Energy | Equipment
Capitalized Contract Cost [Line Items]
Total progress collections		1,184	1,268
Operating Segments | GE | Renewable Energy | Other
Capitalized Contract Cost [Line Items]
Total progress collections		3,716	4,193
Operating Segments | GE | Healthcare
Capitalized Contract Cost [Line Items]
Total progress collections		343	305
Deferred income		1,691	1,647
Total progress collections & deferred income		2,034	1,952
Operating Segments | GE | Healthcare | Equipment
Capitalized Contract Cost [Line Items]
Total progress collections		0	0
Operating Segments | GE | Healthcare | Other
Capitalized Contract Cost [Line Items]
Total progress collections		343	305
Operating Segments | GE | Other
Capitalized Contract Cost [Line Items]
Total progress collections		171	189
Deferred income		121	98
Total progress collections & deferred income		292	287
Operating Segments | GE | Other | Equipment
Capitalized Contract Cost [Line Items]
Total progress collections		0	0
Operating Segments | GE | Other | Other
Capitalized Contract Cost [Line Items]
Total progress collections		$ 171	$ 189
[1]	Represents the adding together of all GE Industrial affiliates and GE Capital continuing operations on a one-line basis. See Note 1.

BORROWINGS - Schedule of Borrow

BORROWINGS - Schedule of Borrowings (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Short-term borrowings
Short-term borrowings	$ 9,059	$ 22,072
Eliminations	(4,195)	(3,140)
Long-term borrowings
Borrowings	72,423	67,155
Eliminations	(17,435)	(17,038)
Total borrowings	81,878	90,882
GE
Short-term borrowings
Short-term borrowings	5,416	11,079
Long-term borrowings
Borrowings	40,398	40,980
GE | Senior notes
Long-term borrowings
Borrowings	18,387	14,762
GE | Senior notes assumed by GE
Long-term borrowings
Borrowings	20,046	23,024
GE | Subordinated notes assumed by GE
Long-term borrowings
Borrowings	1,673	2,871
GE | Other
Long-term borrowings
Borrowings	293	324
GE | Commercial paper
Short-term borrowings
Short-term borrowings	505	3,008
GE | Current portion of long-term borrowings
Short-term borrowings
Short-term borrowings	38	766
GE | Current portion of long-term borrowings assumed by GE
Short-term borrowings
Short-term borrowings	3,679	5,473
GE | Other
Short-term borrowings
Short-term borrowings	1,194	1,832
GE Capital
Short-term borrowings
Short-term borrowings	7,837	14,134
Long-term borrowings
Borrowings	49,460	43,213
GE Capital | Senior notes
Long-term borrowings
Borrowings	31,253	25,371
GE Capital | Subordinated notes assumed by GE
Long-term borrowings
Borrowings	188	178
GE Capital | Intercompany payable to GE
Long-term borrowings
Borrowings	17,435	17,038
GE Capital | Other
Long-term borrowings
Borrowings	584	626
GE Capital | Non-recourse borrowings of consolidated securitization entities
Long-term borrowings
Borrowings	396	1,655
GE Capital | Current portion of long-term borrowings
Short-term borrowings
Short-term borrowings	4,000	11,226
GE Capital | Intercompany payable to GE
Short-term borrowings
Short-term borrowings	3,237	2,104
GE Capital | Other
Short-term borrowings
Short-term borrowings	$ 601	$ 804

BORROWINGS - Narrative (Details

BORROWINGS - Narrative (Details) € in Millions		3 Months Ended
		Jun. 30, 2020USD ($)	Jun. 30, 2020EUR (€)	Dec. 31, 2019USD ($)
Guarantor Obligations [Line Items]
Short-term borrowings assumed by GE		$ 0		$ 0
Long-term borrowings assumed by GE		0		0
GE Capital
Guarantor Obligations [Line Items]
Receivable from related parties		20,672,000,000
GE
Guarantor Obligations [Line Items]
Total borrowings		25,142,000,000
Short-term borrowings assumed by GE	[1]	3,679,000,000		5,473,000,000
Long-term borrowings assumed by GE	[1]	21,719,000,000		25,895,000,000
GE | GE Issued Borrowings
Guarantor Obligations [Line Items]
Total borrowings		20,416,000,000
GE | Intercompany Loan | GE Capital
Guarantor Obligations [Line Items]
Total borrowings		4,726,000,000
Short-term borrowings		442,000,000
Long-term borrowings		4,284,000,000
Repayment of intercompany loans		7,500,000,000
GE Capital
Guarantor Obligations [Line Items]
Short-term borrowings assumed by GE		3,237,000,000		2,104,000,000
Long-term borrowings assumed by GE		17,435,000,000		17,038,000,000
GE Capital | Non-recourse borrowings of consolidated securitization entities
Guarantor Obligations [Line Items]
Debt assumed by GE upon merger		32,426,000,000		34,683,000,000
GE Capital | GE Capital Exit Plan
Guarantor Obligations [Line Items]
Total borrowings		25,398,000,000
Short-term borrowings assumed by GE		3,679,000,000
Long-term borrowings assumed by GE		21,719,000,000
Non-recourse borrowings of consolidated securitization entities | GE Capital
Guarantor Obligations [Line Items]
Short-term borrowings				$ 1,569,000,000
Unsecured debt
Guarantor Obligations [Line Items]
Total borrowings		4,228,000,000
Purchased notes		4,237,000,000
Cash consideration paid for debt purchases		4,282,000,000
Loss on repurchase of debt		63,000,000
Fees and other costs associated with tender		9,000,000
Unsecured debt | April 2020 Notes
Guarantor Obligations [Line Items]
Aggregate principal amount		7,500,000,000
Unsecured debt | Notes due 2027
Guarantor Obligations [Line Items]
Aggregate principal amount		$ 1,000,000,000
Debt interest rate		3.45%	3.45%
Unsecured debt | Notes due 2030
Guarantor Obligations [Line Items]
Aggregate principal amount		$ 1,250,000,000
Debt interest rate		3.625%	3.625%
Unsecured debt | Notes due 2040
Guarantor Obligations [Line Items]
Aggregate principal amount		$ 1,500,000,000
Debt interest rate		4.25%	4.25%
Unsecured debt | Notes due 2050
Guarantor Obligations [Line Items]
Aggregate principal amount		$ 3,750,000,000
Debt interest rate		4.35%	4.35%
Unsecured debt | 2.700% Notes due 2022
Guarantor Obligations [Line Items]
Debt interest rate		2.70%	2.70%
Purchased notes		$ 2,046,000,000
Unsecured debt | 0.375% due 2022
Guarantor Obligations [Line Items]
Debt interest rate		0.375%	0.375%
Purchased notes		$ 1,011,000,000	€ 934
Unsecured debt | 1.250% Notes due 2023
Guarantor Obligations [Line Items]
Debt interest rate		1.25%	1.25%
Purchased notes		$ 460,000,000	€ 425
Unsecured debt | Floating-rate Notes due 2020
Guarantor Obligations [Line Items]
Purchased notes		$ 407,000,000	€ 376
Unsecured debt | 3.375% Notes due 2024
Guarantor Obligations [Line Items]
Debt interest rate		3.375%	3.375%
Purchased notes		$ 312,000,000
Unsecured debt | GE Capital | April 2020 Notes
Guarantor Obligations [Line Items]
Total borrowings		9,827,000,000
Cash consideration paid for debt purchases		9,950,000,000
Loss on repurchase of debt		143,000,000
Fees and other costs associated with tender		20,000,000
Unsecured debt | GE Capital | Senior unsecured debt due 2025 to 2032
Guarantor Obligations [Line Items]
Aggregate principal amount		6,000,000,000
Unsecured debt | GE Capital | Purchased Notes
Guarantor Obligations [Line Items]
Purchased notes		$ 9,787,000,000
[1]	Represents the adding together of all GE Industrial affiliates and GE Capital continuing operations on a one-line basis. See Note 1.

INSURANCE LIABILITIES AND ANN_3

INSURANCE LIABILITIES AND ANNUITY BENEFITS - Schedule of Investment Contracts, Insurance Liabilities and Insurance Annuity Benefits (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Liability for Claims and Claims Adjustment Expense [Line Items]
Future policy benefit reserves	$ 33,231	$ 32,104
Other adjustments	6,873	5,655
Claim reserves	5,699	5,615
Investment contracts	2,129	2,191
Unearned premiums and other	357	322
Future policy benefit reserves, investment contracts, claim reserves and unearned premiums and other	41,416	40,232
Eliminations	(462)	(406)
Total	40,954	39,826
Long-term care insurance contracts
Liability for Claims and Claims Adjustment Expense [Line Items]
Future policy benefit reserves	16,794	16,755
Claim reserves	4,330	4,238
Investment contracts	0	0
Unearned premiums and other	27	30
Future policy benefit reserves, investment contracts, claim reserves and unearned premiums and other	21,151	21,023
Total	21,151	21,023
Structured settlement annuities & life insurance contracts
Liability for Claims and Claims Adjustment Expense [Line Items]
Future policy benefit reserves	9,385	9,511
Claim reserves	282	252
Investment contracts	1,085	1,136
Unearned premiums and other	187	196
Future policy benefit reserves, investment contracts, claim reserves and unearned premiums and other	10,939	11,095
Total	10,939	11,095
Other contracts
Liability for Claims and Claims Adjustment Expense [Line Items]
Future policy benefit reserves	179	183
Claim reserves	1,087	1,125
Investment contracts	1,044	1,055
Unearned premiums and other	143	96
Future policy benefit reserves, investment contracts, claim reserves and unearned premiums and other	2,453	2,459
Eliminations	(462)	(406)
Total	$ 1,991	$ 2,053

INSURANCE LIABILITIES AND ANN_4

INSURANCE LIABILITIES AND ANNUITY BENEFITS - Narrative (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Insurance [Abstract]
Increase in insurance liabilities and annuity benefits	$ 1,128
Adjustment to insurance liabilities and annuity benefits	1,218
Claims incurred	945	$ 981
Paid claims	888	$ 824
Reinsurance recoverables, allowances	1,430		$ 1,355
Reinsurance recoverables, net	$ 2,465		$ 2,416

POSTRETIREMENT BENEFIT PLANS -

POSTRETIREMENT BENEFIT PLANS - Narrative (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)category	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)category	Jun. 30, 2019USD ($)
Defined Benefit Plan Disclosure [Line Items]
Number of categories | category	3		3
Defined contribution plan costs	$ 87	$ 90	$ 182	$ 191
Other pension plans
Defined Benefit Plan Disclosure [Line Items]
Threshold to be included in other pension plans	50		50
Principal retiree benefit plans
Defined Benefit Plan Disclosure [Line Items]
Plans cost (income)	$ (22)	$ (30)	(54)	$ (91)
Curtailment/settlement loss (gain)			$ (33)

POSTRETIREMENT BENEFIT PLANS _2

POSTRETIREMENT BENEFIT PLANS - Effect on Operations of Pension Plans (Details) - Principal pension plans - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Defined Benefit Plan Disclosure [Line Items]
Service cost for benefits earned	$ 192	$ 160	$ 345	$ 318
Prior service cost amortization	37	34	74	67
Expected return on plan assets	(748)	(862)	(1,496)	(1,725)
Interest cost on benefit obligations	589	723	1,176	1,449
Net actuarial loss amortization	851	770	1,699	1,533
Curtailment/settlement loss (gain)	0	0	0	51
Plans cost (income)	$ 921	$ 825	$ 1,798	$ 1,693

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Dec. 31, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Tax Contingency [Line Items]
Effective income tax rate		(3.30%)	(5.00%)
Tax associated with preparatory steps for the transaction	$ 633
GE Capital | Foreign Tax Authority | Her Majesty's Revenue and Customs (HMRC)
Income Tax Contingency [Line Items]
Potential impact on disallowance of interest deductions	$ 1,000

SHAREHOLDERS' EQUITY - Schedule

SHAREHOLDERS' EQUITY - Schedule of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance			$ 29,861
Other comprehensive income (loss)	$ 627	$ 547	1,545	$ 1,577
Ending balance	35,254	56,129	35,254	56,129
Adjustments to investment securities before reclassifications	(2,229)	(1,054)	(962)	(2,011)
Accumulated other comprehensive income (loss)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	(10,819)	(13,485)	(11,732)	(14,414)
Ending balance	(10,194)	(12,852)	(10,194)	(12,852)
Investment securities including noncontrolling interests
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	20	(16)	61	(39)
Other comprehensive income (loss) before reclassifications	34	94	41	121
Other comprehensive income (loss) before reclassifications, deferred taxes	8	(23)	7	15
Reclassifications from other comprehensive income	(7)	(18)	(55)	(22)
Reclassifications from other comprehensive income, deferred taxes	(2)	(5)	(14)	(6)
Other comprehensive income (loss)	27	76	(14)	99
Investment securities attributable to noncontrolling interests
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Other comprehensive income (loss)	0	0	0	1
Investment securities
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Other comprehensive income (loss)	27	75	(14)	98
Ending balance	47		47
Currency translation adjustments including noncontrolling interests
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	(4,685)	(5,810)	(4,818)	(6,134)
Other comprehensive income (loss) before reclassifications	(58)	(308)	(613)	(1)
Other comprehensive income (loss) before reclassifications, deferred taxes	25	13	20	39
Reclassifications from other comprehensive income	1	167	691	284
Reclassifications from other comprehensive income, deferred taxes	0	0	0	(4)
Other comprehensive income (loss)	(57)	(141)	78	283
Currency translation adjustments attributable to noncontrolling interests
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Other comprehensive income (loss)	1	(77)	3	22
Currency translation adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Other comprehensive income (loss)	(58)	(64)	75	260
Ending balance	(4,743)	(5,874)	(4,743)	(5,874)
Cash flow hedges including noncontrolling interests
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	(163)	49	49	13
Other comprehensive income (loss) before reclassifications	40	(50)	(222)	(16)
Other comprehensive income (loss) before reclassifications, deferred taxes	(24)	(8)	(69)	3
Reclassifications from other comprehensive income	13	25	64	28
Reclassifications from other comprehensive income, deferred taxes	(1)	4	8	1
Other comprehensive income (loss)	53	(25)	(158)	12
Cash flow hedges attributable to noncontrolling interests
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Other comprehensive income (loss)	0	(1)	0	1
Cash flow hedges
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Other comprehensive income (loss)	53	(23)	(158)	12
Ending balance	(109)	26	(109)	26
Benefit plans including noncontrolling interests
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	(5,991)	(7,708)	(7,024)	(8,254)
Other comprehensive income (loss) before reclassifications	(74)	7	145	(111)
Other comprehensive income (loss) before reclassifications, deferred taxes	(2)	13	28	(35)
Reclassifications from other comprehensive income	678	632	1,495	1,294
Reclassifications from other comprehensive income, deferred taxes	187	164	426	347
Other comprehensive income (loss)	604	639	1,640	1,183
Benefit plans attributable to noncontrolling interests
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Other comprehensive income (loss)	0	(6)	3	(8)
Benefit plans
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Other comprehensive income (loss)	604	645	1,636	1,192
Ending balance	$ (5,387)	$ (7,063)	(5,387)	$ (7,063)
BioPharma | Benefit plans including noncontrolling interests
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Reclassifications from other comprehensive income			(836)
Currency translation, net of taxes			$ 688

SHAREHOLDERS' EQUITY - Narrativ

SHAREHOLDERS' EQUITY - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019	Dec. 31, 2016
Class of Stock [Line Items]
Preferred stock issued	$ 6	$ 6	$ 6
Noncontrolling interests	1,579	1,545	$ 20,312
Redeemable noncontrolling interests	474	$ 439
GE
Class of Stock [Line Items]
Preferred stock issued	5,826
Increased preferred stock	$ 5,944
GE | Series D Preferred Stock
Class of Stock [Line Items]
Preferred stock issued				$ 5,694
GE | Series A, B and C Preferred Stock
Class of Stock [Line Items]
Preferred stock, value outstanding				$ 250

EARNINGS PER SHARE INFORMATIO_2

EARNINGS PER SHARE INFORMATION (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Diluted
Earnings from continuing operations for per-share calculation	$ (1,995)	$ (114)	$ 4,370	$ 828
Preferred stock dividends	(192)	(188)	(235)	(228)
Accretion of redeemable noncontrolling interests, net of tax	(135)	0	(135)	0
Earnings from continuing operations attributable to common shareowners for per-share calculation	(2,322)	(302)	4,000	600
Earnings (loss) from discontinued operations for per-share calculation	7	241	(168)	2,845
Net earnings (loss) attributable to GE common shareowners for per-share calculation	$ (2,314)	$ (61)	$ 3,832	$ 3,461
Employee compensation-related shares (including stock options) (in shares)	0	0	6	13
Total average equivalent shares (in shares)	8,750	8,724	8,752	8,730
Earnings per share from continuing operations (in dollars per share)	$ (0.27)	$ (0.03)	$ 0.46	$ 0.07
Earnings (loss) per share from discontinued operations (in dollars per share)	0	0.03	(0.02)	0.33
Net earnings (loss) per share (in dollars per share)	$ (0.26)	$ (0.01)	$ 0.44	$ 0.40
Potentially dilutive securities	459	486	440	468
Basic
Earnings from continuing operations for per-share calculation	$ (1,995)	$ (114)	$ 4,370	$ 843
Preferred stock dividends	(192)	(188)	(235)	(228)
Accretion of redeemable noncontrolling interests, net of tax	(135)	0	(135)	0
Earnings from continuing operations attributable to common shareowners for per-share calculation	(2,322)	(302)	4,000	616
Earnings (loss) from discontinued operations for per-share calculation	7	241	(168)	2,861
Net earnings (loss) attributable to GE common shareowners for per-share calculation	$ (2,314)	$ (61)	$ 3,832	$ 3,476
Total average equivalent shares (in shares)	8,750	8,724	8,746	8,716
Earnings per share from continuing operations (in dollars per share)	$ (0.27)	$ (0.03)	$ 0.46	$ 0.07
Earnings (loss) per share from discontinued operations (in dollars per share)	0	0.03	(0.02)	0.33
Net earnings (loss) per share (in dollars per share)	$ (0.26)	$ (0.01)	$ 0.44	$ 0.40

FINANCIAL INSTRUMENTS - Assets

FINANCIAL INSTRUMENTS - Assets and Liabilities Not Carried at Fair Value (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Liabilities
Borrowings (Note 11)	$ 81,878	$ 90,882
Investment contracts (Note 12)	2,129	2,191
Carrying amount (net)
Assets
Loans and other receivables	3,668	4,113
Liabilities
Borrowings (Note 11)	81,878	90,882
Investment contracts (Note 12)	2,129	2,191
Estimated fair value
Assets
Loans and other receivables	3,722	4,208
Liabilities
Borrowings (Note 11)	83,054	97,754
Investment contracts (Note 12)	2,597	2,588
Accrued interest	$ 863	$ 1,106

FINANCIAL INSTRUMENTS - Derivat

FINANCIAL INSTRUMENTS - Derivatives and Hedging, Narrative (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Derivative [Line Items]
Total gross notional amount	$ 89,801,000,000	$ 98,018,000,000
Excess cash collateral received	104,000,000	104,000,000
Excess cash collateral posted	998,000,000	603,000,000
Excess securities collateral received	37,000,000	27,000,000
GE
Derivative [Line Items]
Total gross notional amount	45,041,000,000	42,314,000,000
GE Capital
Derivative [Line Items]
Total gross notional amount	$ 44,760,000,000	$ 55,704,000,000

FINANCIAL INSTRUMENTS - Fair Va

FINANCIAL INSTRUMENTS - Fair Value of Derivatives (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Derivative [Line Items]
Gross Notional	$ 89,801	$ 98,018
All other assets
Gross derivatives	2,985	2,572
Netting and credit adjustments	(704)	(546)
Cash collateral adjustments	(1,212)	(1,286)
Net derivatives recognized in statement of financial position	1,069	740
Net accrued interest	118	182
Securities held as collateral	(720)	(469)
Net amount	467	452
All other liabilities
Gross derivatives	1,257	853
Netting and credit adjustments	(710)	(546)
Cash collateral adjustments	(149)	(105)
Net derivatives recognized in statement of financial position	398	202
Net accrued interest	15	1
Securities held as collateral	0	0
Net amount	413	203
Derivatives accounted for as hedges
Derivative [Line Items]
Gross Notional	27,247	30,961
All other assets
Gross derivatives	2,139	1,734
All other liabilities
Gross derivatives	203	57
Derivatives accounted for as hedges | Interest rate contracts
Derivative [Line Items]
Gross Notional	20,790	23,918
All other assets
Gross derivatives	2,081	1,636
All other liabilities
Gross derivatives	9	11
Derivatives accounted for as hedges | Currency exchange contracts
Derivative [Line Items]
Gross Notional	6,457	7,044
All other assets
Gross derivatives	58	99
All other liabilities
Gross derivatives	194	46
Derivatives not accounted for as hedges
Derivative [Line Items]
Gross Notional	62,554	67,056
All other assets
Gross derivatives	846	838
All other liabilities
Gross derivatives	1,055	796
Derivatives not accounted for as hedges | Interest rate contracts
Derivative [Line Items]
Gross Notional	717	3,185
All other assets
Gross derivatives	9	18
All other liabilities
Gross derivatives	7	12
Derivatives not accounted for as hedges | Currency exchange contracts
Derivative [Line Items]
Gross Notional	60,356	62,165
All other assets
Gross derivatives	750	697
All other liabilities
Gross derivatives	1,018	744
Derivatives not accounted for as hedges | Other contracts
Derivative [Line Items]
Gross Notional	1,482	1,706
All other assets
Gross derivatives	87	123
All other liabilities
Gross derivatives	$ 30	$ 40

FINANCIAL INSTRUMENTS - Fair _2

FINANCIAL INSTRUMENTS - Fair Value Hedges (Details) - USD ($) $ in Millions	Jun. 30, 2020	Jun. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Cumulative amount of fair value hedging adjustments	$ 6,503	$ 4,221
Cumulative amount of fair value hedging on discontinued hedging relationships	2,342	2,568
Hedged liability	$ 46,255	$ 58,344

FINANCIAL INSTRUMENTS - Cash Fl

FINANCIAL INSTRUMENTS - Cash Flow Hedges (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Gain (loss) recognized in AOCI	$ 53	$ (49)	$ (260)	$ (2)
Pre-tax loss included in AOCI related to cash flow hedges of forecasted transactions			118
Amount of loss expected to be transferred to earnings as an expense			$ 85
Maximum term of hedged forecasted transactions			15 years	13 years

FINANCIAL INSTRUMENTS - Net Inv

FINANCIAL INSTRUMENTS - Net Investment Hedges (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Derivative [Line Items]
Gain (loss) recognized in AOCI on hedging instruments	$ (90)	$ 86	$ 68	$ 18
Foreign currency debt
Derivative [Line Items]
Carrying value designated as net investment hedges	$ 7,743	$ 12,421	$ 7,743	$ 12,421

FINANCIAL INSTRUMENTS - Effects

FINANCIAL INSTRUMENTS - Effects of Derivative Financial Instruments (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Revenues	$ 17,750,000,000	$ 23,414,000,000	$ 38,273,000,000	$ 45,616,000,000
Cost of sales	15,083,000,000	17,412,000,000	30,778,000,000	33,620,000,000
Interest and other financial charges	997,000,000	929,000,000	1,791,000,000	1,993,000,000
SG&A	3,079,000,000	3,425,000,000	6,144,000,000	6,827,000,000
Other income (Note 22)	2,078,000,000	164,000,000	8,947,000,000	1,012,000,000
Fair Value Hedges
Amount excluded for cash flow hedges	7,000,000	0	22,000,000	0
Revenues
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total effect of cash flow hedges	15,000,000	(15,000,000)	(6,000,000)	5,000,000
Fair Value Hedges
Total effect of derivatives not designated as hedges	(107,000,000)	(447,000,000)	(652,000,000)	(62,000,000)
Cost of sales
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total effect of cash flow hedges	(13,000,000)	(5,000,000)	(38,000,000)	(14,000,000)
Fair Value Hedges
Total effect of derivatives not designated as hedges	16,000,000	(31,000,000)	29,000,000	(22,000,000)
Interest Expense
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total effect of cash flow hedges	(12,000,000)	(9,000,000)	(23,000,000)	(19,000,000)
Fair Value Hedges
Hedged items	(122,000,000)	(659,000,000)	(2,601,000,000)	(1,186,000,000)
Derivatives designated as hedging instruments	109,000,000	646,000,000	2,620,000,000	1,161,000,000
Total effect of fair value hedges	(12,000,000)	(14,000,000)	19,000,000	(25,000,000)
Total effect of derivatives not designated as hedges	(4,000,000)	13,000,000	(13,000,000)	94,000,000
SG&A
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total effect of cash flow hedges	(2,000,000)	0	(5,000,000)	(1,000,000)
Fair Value Hedges
Total effect of derivatives not designated as hedges	201,000,000	(17,000,000)	95,000,000	(62,000,000)
Other Income
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total effect of cash flow hedges	0	0	0	0
Fair Value Hedges
Total effect of derivatives not designated as hedges	(21,000,000)	(39,000,000)	(32,000,000)	(24,000,000)
Interest rate contracts | Revenues
Fair Value Hedges
Total effect of derivatives not designated as hedges	(12,000,000)	(14,000,000)	(35,000,000)	(18,000,000)
Interest rate contracts | Cost of sales
Fair Value Hedges
Total effect of derivatives not designated as hedges	0	0	0	0
Interest rate contracts | Interest Expense
Fair Value Hedges
Total effect of derivatives not designated as hedges	(4,000,000)	(14,000,000)	(13,000,000)	(29,000,000)
Interest rate contracts | SG&A
Fair Value Hedges
Total effect of derivatives not designated as hedges	0	0	0	0
Interest rate contracts | Other Income
Fair Value Hedges
Total effect of derivatives not designated as hedges	0	0	0	0
Currency exchange contracts | Revenues
Fair Value Hedges
Total effect of derivatives not designated as hedges	(95,000,000)	(433,000,000)	(616,000,000)	(43,000,000)
Currency exchange contracts | Cost of sales
Fair Value Hedges
Total effect of derivatives not designated as hedges	16,000,000	(31,000,000)	29,000,000	(22,000,000)
Currency exchange contracts | Interest Expense
Fair Value Hedges
Total effect of derivatives not designated as hedges	0	0	0	0
Currency exchange contracts | SG&A
Fair Value Hedges
Total effect of derivatives not designated as hedges	104,000,000	(17,000,000)	159,000,000	(62,000,000)
Currency exchange contracts | Other Income
Fair Value Hedges
Total effect of derivatives not designated as hedges	(32,000,000)	(27,000,000)	(21,000,000)	(25,000,000)
Other | Revenues
Fair Value Hedges
Total effect of derivatives not designated as hedges	0	0	0	0
Other | Cost of sales
Fair Value Hedges
Total effect of derivatives not designated as hedges	0	0	0	0
Other | Interest Expense
Fair Value Hedges
Total effect of derivatives not designated as hedges	0	27,000,000	0	123,000,000
Other | SG&A
Fair Value Hedges
Total effect of derivatives not designated as hedges	97,000,000	0	(63,000,000)	0
Other | Other Income
Fair Value Hedges
Total effect of derivatives not designated as hedges	$ 11,000,000	$ (12,000,000)	$ (11,000,000)	$ 1,000,000

FINANCIAL INSTRUMENTS - Counter

FINANCIAL INSTRUMENTS - Counterparty Credit Risk (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Derivative [Line Items]
Net amount	$ 413	$ 203
Counterparty Credit Risk
Derivative [Line Items]
Exposure to counterparties including interest net collateral, excluding embedded derivatives	317	368
Net amount	$ 375	$ 159

VARIABLE INTEREST ENTITIES (Det

VARIABLE INTEREST ENTITIES (Details) $ in Millions	6 Months Ended
	Jun. 30, 2020USD ($)entity	Dec. 31, 2019USD ($)
Variable Interest Entity [Line Items]
Assets	$ 256,487	$ 266,048
Liabilities	221,233	236,187
Consolidated VIE
Variable Interest Entity [Line Items]
Assets	2,621	2,134
Liabilities	1,553	1,233
Unconsolidated VIEs
Variable Interest Entity [Line Items]
Assets	2,194	1,937
Unconsolidated VIEs | EFS
Variable Interest Entity [Line Items]
Assets	589	621
Unconsolidated VIEs | Insurance
Variable Interest Entity [Line Items]
Assets	$ 1,222	$ 896
GE Capital | Consolidated VIE
Variable Interest Entity [Line Items]
Number of VIEs | entity	3

COMMITMENTS, GUARANTEES, PROD_2

COMMITMENTS, GUARANTEES, PRODUCT WARRANTIES AND OTHER LOSS CONTINGENCIES - Commitments (Details) $ in Millions	6 Months Ended
	Jun. 30, 2020USD ($)aircraft	Apr. 30, 2020aircraft
GE Capital | Investment Commitments
Long-term Purchase Commitment [Line Items]
Commitments	$ 2,722
GE Capital | Thermal and Wind Energy Projects
Long-term Purchase Commitment [Line Items]
Commitments	1,114
GE Capital | Run-off Insurance Operations
Long-term Purchase Commitment [Line Items]
Commitments	1,581
GE Capital | Thermal and Wind Energy Projects, Unconsolidated VIE Investment Commitment
Long-term Purchase Commitment [Line Items]
Commitments	248
GE Capital | Run-off Insurance Operations, Unconsolidated VIE Investment Commitment
Long-term Purchase Commitment [Line Items]
Commitments	1,298
GECAS | Aircraft with GE Engines
Long-term Purchase Commitment [Line Items]
Long-term purchase commitments	27,836
Advances for pre-delivery payments	$ 3,424
Orders remaining | aircraft		78
GECAS | New Aircraft
Long-term Purchase Commitment [Line Items]
Number of aircrafts for delivery | aircraft	292
Percentage of aircrafts to be delivered	14.00%
Percentage of aircrafts to be delivered in second year	22.00%
Percentage of aircrafts to be delivered in third year and thereafter	64.00%
GECAS | Used Aircraft
Long-term Purchase Commitment [Line Items]
Long-term purchase commitments	$ 2,292
Number of aircrafts for delivery | aircraft	53
Percentage of aircrafts to be delivered	29.00%
Percentage of aircrafts to be delivered in second year	60.00%
Percentage of aircrafts to be delivered in third year and thereafter	11.00%
Aviation
Long-term Purchase Commitment [Line Items]
Financial assistance commitment	$ 2,010

COMMITMENTS, GUARANTEES, PROD_3

COMMITMENTS, GUARANTEES, PRODUCT WARRANTIES AND OTHER LOSS CONTINGENCIES - Product Warranties (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Liability for product warranties	$ 2,036	$ 2,165

COMMITMENTS, GUARANTEES, PROD_4

COMMITMENTS, GUARANTEES, PRODUCT WARRANTIES AND OTHER LOSS CONTINGENCIES - Alstom Legacy Matters (Details) € in Millions, $ in Millions	1 Months Ended				12 Months Ended
	Jun. 30, 2020USD ($)	Nov. 30, 2015significant_case	Dec. 31, 2014USD ($)	Jan. 31, 2007EUR (€)	Dec. 31, 2013USD ($)	Dec. 31, 2019USD ($)	Nov. 02, 2015USD ($)
Alstom Legacy Matters
Loss Contingencies [Line Items]
Number of significant cases involving anti-competitive activities and improper payments | significant_case		2
Damages sought | €				€ 65
Reduced fine | €				€ 59
Amount paid			$ 772
Reserve established for legal and compliance matters	$ 856					$ 875	$ 858
Siemens AG
Loss Contingencies [Line Items]
Damages sought					$ 950
Amount paid	$ 47
ABB Ltd.
Loss Contingencies [Line Items]
Damages sought					$ 600

INTERCOMPANY TRANSACTIONS (Deta

INTERCOMPANY TRANSACTIONS (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Related Party Transaction [Line Items]
Consolidated cash from (used for) operating activities - continuing operations	$ (1,319)	$ 1,528
Consolidated cash from (used for) investing activities - continuing operations	18,509	2,266
Consolidated cash from (used for) financing activities - continuing operations	(11,999)	(6,092)
GE and GE Capital totals
Related Party Transaction [Line Items]
Consolidated cash from (used for) operating activities - continuing operations	(2,298)	211
Consolidated cash from (used for) investing activities - continuing operations	27,207	3,495
Consolidated cash from (used for) financing activities - continuing operations	(19,717)	(6,004)
GE and GE Capital totals | Affiliated Entity | Capital contribution from GE to GE Capital
Related Party Transaction [Line Items]
Consolidated cash from (used for) investing activities - continuing operations	0	1,500
Consolidated cash from (used for) financing activities - continuing operations	0	(1,500)
GE and GE Capital totals | Affiliated Entity | GE current receivables sold to GE Capital
Related Party Transaction [Line Items]
Consolidated cash from (used for) operating activities - continuing operations	(452)	560
Consolidated cash from (used for) investing activities - continuing operations	270	(1,297)
Consolidated cash from (used for) financing activities - continuing operations	183	737
Volume of current receivables sold to related party	7,494	7,165
Collections on current receivables sold to related party	7,042	7,725
GE and GE Capital totals | Affiliated Entity | GE long-term receivables sold to GE Capital
Related Party Transaction [Line Items]
Consolidated cash from (used for) operating activities - continuing operations	177	269
Consolidated cash from (used for) investing activities - continuing operations	(177)	(269)
GE and GE Capital totals | Affiliated Entity | Supply chain finance programs
Related Party Transaction [Line Items]
Consolidated cash from (used for) operating activities - continuing operations	1,457	473
Consolidated cash from (used for) investing activities - continuing operations	(1,457)	(473)
GE and GE Capital totals | Affiliated Entity | GE Capital long-term loans to GE
Related Party Transaction [Line Items]
Consolidated cash from (used for) investing activities - continuing operations	(7,500)	0
Consolidated cash from (used for) financing activities - continuing operations	7,500	0
Other reclassifications and eliminations
Related Party Transaction [Line Items]
Consolidated cash from (used for) operating activities - continuing operations	(202)	14
Consolidated cash from (used for) investing activities - continuing operations	167	(689)
Consolidated cash from (used for) financing activities - continuing operations	$ 36	$ 674

BAKER HUGHES SUMMARIZED FINAN_3

BAKER HUGHES SUMMARIZED FINANCIAL INFORMATION (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Schedule of Equity Method Investments [Line Items]
Pre-tax unrealized gain (loss)	$ 1,929	$ (51)	$ (3,843)	$ (42)
Revenues	17,750	23,414	38,273	45,616
Net income (loss)	(2,132)	104	4,101	3,749
Net income (loss) attributable to the entity	(1,987)	$ 127	4,212	$ 3,716
Baker Hughes
Schedule of Equity Method Investments [Line Items]
Revenues	4,736		10,160
Gross profit	678		1,433
Net income (loss)	(355)		(16,453)
Net income (loss) attributable to the entity	$ (201)		$ (10,411)
Baker Hughes
Schedule of Equity Method Investments [Line Items]
Remaining interest (in shares)	377.4		377.4
Fair value of investment	$ 5,910		$ 5,910
Pre-tax unrealized gain (loss)	1,846		(3,865)
After-tax change in unrealized gain (loss)	$ 1,552		$ (3,080)
Share price (in dollars per share)	$ 15.39		$ 15.39

OTHER INCOME (Details)

OTHER INCOME (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total	$ 2,078	$ 164	$ 8,947	$ 1,012
Pre-tax unrealized gain (loss)	1,929	(51)	(3,843)	(42)
BioPharma
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Pretax gain on sale			12,341
ServiceMax
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Pretax gain on sale				223
GE
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Purchases and sales of business interests	52	(39)	12,424	214
Sales	31	80	73	120
Associated companies	31	82	69	121
Net interest and investment income	1,955	23	(3,677)	160
Other items	48	26	101	410
Total	2,116	172	8,990	1,024
Eliminations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total	(38)	$ (8)	(43)	$ (13)
Baker Hughes
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Pre-tax unrealized gain (loss)	$ 1,846		$ (3,865)