General Electric (GE) 10-Q 27 Apr 21 2021 Q1 Quarterly report Financial data

Cover Page

Cover Page shares in Thousands	3 Months Ended
	Mar. 31, 2021shares
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2021
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	2021
Document Fiscal Period Focus	Q1
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	8,778,641
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
	Mar. 31, 2021	Mar. 31, 2020
Revenues
Total revenues	$ 17,118	$ 19,490
Costs and expenses
Cost of sales	12,538	14,426
Selling, general and administrative expenses	2,891	3,061
Research and development	561	723
Interest and other financial charges	500	561
Insurance losses and annuity benefits	555	636
Non-operating benefit costs	430	618
Other costs and expenses	32	25
Total costs and expenses	17,506	20,051
Other income (Note 23)	626	6,869
Earnings (loss) from continuing operations before income taxes	238	6,308
Benefit (provision) for income taxes	(142)	(54)
Earnings (loss) from continuing operations	97	6,254
Earnings (loss) from discontinued operations, net of taxes	(2,894)	(21)
Net earnings (loss)	(2,798)	6,233
Less net earnings (loss) attributable to noncontrolling interests	5	34
Net earnings (loss) attributable to the Company	(2,802)	6,199
Preferred stock dividends	(72)	(43)
Net earnings (loss) attributable to GE common shareholders	(2,874)	6,156
Amounts attributable to GE common shareholders
Earnings (loss) from continuing operations	97	6,254
Less net earnings (loss) attributable to noncontrolling interests, continuing operations	5	36
Earnings (loss) from continuing operations attributable to the Company	92	6,218
Preferred stock dividends	(72)	(43)
Earnings (loss) from continuing operations attributable to GE common shareowners	20	6,175
Earnings (loss) from discontinued operations, net of taxes	(2,894)	(21)
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations	0	(2)
Net earnings (loss) attributable to GE common shareholders	$ (2,874)	$ 6,156
Earnings (loss) per share from continuing operations (Note 18)
Diluted earnings (loss) per share (in dollars per share)	$ 0	$ 0.70
Basic earnings (loss) per share (in dollars per share)	0	0.70
Net earnings (loss) per share (Note 18)
Diluted earnings (loss) per share (in dollars per share)	(0.33)	0.70
Basic earnings (loss) per share (in dollars per share)	$ (0.33)	$ 0.70
Goods
Revenues
Sales	$ 10,349	$ 12,339
Costs and expenses
Cost of sales	8,679	9,930
Services
Revenues
Sales	5,967	6,452
Costs and expenses
Cost of sales	3,859	4,497
GE Capital revenues from services
Revenues
Total revenues	803	699
GE Capital
Revenues
Total revenues	878	837
Costs and expenses
Selling, general and administrative expenses	116	149
Research and development	0	0
Interest and other financial charges	291	271
Insurance losses and annuity benefits	567	653
Non-operating benefit costs	(3)	2
Other costs and expenses	42	33
Total costs and expenses	1,018	1,113
Other income (Note 23)	0	0
Earnings (loss) from continuing operations before income taxes	(140)	(277)
Benefit (provision) for income taxes	6	133
Earnings (loss) from continuing operations	(134)	(144)
Earnings (loss) from discontinued operations, net of taxes	(2,894)	(7)
Net earnings (loss)	(3,028)	(151)
Less net earnings (loss) attributable to noncontrolling interests	(2)	0
Net earnings (loss) attributable to the Company	(3,025)	(151)
Preferred stock dividends	(41)	(43)
Net earnings (loss) attributable to GE common shareholders	(3,066)	(194)
Amounts attributable to GE common shareholders
Earnings (loss) from continuing operations	(134)	(144)
Less net earnings (loss) attributable to noncontrolling interests, continuing operations	(2)	0
Earnings (loss) from continuing operations attributable to the Company	(131)	(144)
Preferred stock dividends	(41)	(43)
Earnings (loss) from continuing operations attributable to GE common shareowners	(172)	(187)
Earnings (loss) from discontinued operations, net of taxes	(2,894)	(7)
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations	0	0
Net earnings (loss) attributable to GE common shareholders	(3,066)	(194)
GE Capital | Goods
Revenues
Sales	0	0
Costs and expenses
Cost of sales	0	0
GE Capital | Services
Revenues
Sales	0	0
Costs and expenses
Cost of sales	5	5
GE Capital | GE Capital revenues from services
Revenues
Total revenues	878	837
GE Industrial
Revenues
Total revenues	16,329	18,844
Costs and expenses
Selling, general and administrative expenses	2,766	2,949
Research and development	561	723
Interest and other financial charges	268	370
Insurance losses and annuity benefits	0	0
Non-operating benefit costs	433	616
Other costs and expenses	0	0
Total costs and expenses	16,574	19,133
Other income (Note 23)	623	6,874
Earnings (loss) from continuing operations before income taxes	378	6,585
Benefit (provision) for income taxes	(148)	(187)
Earnings (loss) from continuing operations	230	6,398
Earnings (loss) from discontinued operations, net of taxes	0	(14)
Net earnings (loss)	230	6,384
Less net earnings (loss) attributable to noncontrolling interests	7	34
Net earnings (loss) attributable to the Company	223	6,350
Preferred stock dividends	(31)	0
Net earnings (loss) attributable to GE common shareholders	192	6,350
Amounts attributable to GE common shareholders
Earnings (loss) from continuing operations	230	6,398
Less net earnings (loss) attributable to noncontrolling interests, continuing operations	7	36
Earnings (loss) from continuing operations attributable to the Company	223	6,362
Preferred stock dividends	(31)	0
Earnings (loss) from continuing operations attributable to GE common shareowners	192	6,362
Earnings (loss) from discontinued operations, net of taxes	0	(14)
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations	0	(2)
Net earnings (loss) attributable to GE common shareholders	192	6,350
GE Industrial | Goods
Revenues
Sales	10,349	12,359
Costs and expenses
Cost of sales	8,679	9,949
GE Industrial | Services
Revenues
Sales	5,980	6,486
Costs and expenses
Cost of sales	3,867	4,526
GE Industrial | GE Capital revenues from services
Revenues
Total revenues	$ 0	$ 0

STATEMENT OF FINANCIAL POSITION

STATEMENT OF FINANCIAL POSITION (UNAUDITED) - USD ($) $ in Millions		Mar. 31, 2021	Dec. 31, 2020
Cash, cash equivalents and restricted cash	[1]	$ 31,783	$ 36,530
Investment securities (Note 3)		6,741	7,319
Current receivables (Note 4)		15,381	16,691
Financing receivables – net (Note 5)		306	326
Inventories, including deferred inventory costs (Note 6)		16,530	15,890
Other GE Capital receivables		1,339	1,549
Receivable from GE Capital		0	0
Current contract assets (Note 10)		5,821	5,764
All other current assets (Note 11)		1,376	1,109
Assets of discontinued operations (Note 2)		33,922	0
Current assets		113,198	85,180
Investment securities (Note 3)		40,786	42,549
Financing receivables – net (Note 5)		0	0
Other GE Capital receivables		4,634	4,661
Property, plant and equipment – net (Note 7)		16,296	16,699
Receivable from GE Capital		0	0
Goodwill (Note 8)		25,320	25,524
Other intangible assets – net (Note 8)		9,395	9,671
Contract and other deferred assets (Note 10)		5,985	5,888
All other assets (Note 11)		12,308	11,038
Deferred income taxes (Note 16)		14,232	14,253
Assets of discontinued operations (Note 2)		3,009	40,749
Total assets		245,164	256,211
Short-term borrowings (Note 12)		4,468	4,713
Short-term borrowings assumed by GE (Note 12)		0	0
Accounts payable and equipment project accruals		16,090	16,458
Progress collections and deferred income (Note 10)		17,993	18,371
All other current liabilities (Note 15)		14,139	15,071
Liabilities of discontinued operations (Note 2)		4,991	0
Current liabilities		57,681	54,613
Deferred income (Note 10)		1,748	1,801
Long-term borrowings (Note 12)		66,890	70,189
Long-term borrowings assumed by GE (Note 12)		0	0
Insurance liabilities and annuity benefits (Note 13)		39,562	42,191
Non-current compensation and benefits		29,104	29,677
All other liabilities (Note 15)		14,821	15,484
Liabilities of discontinued operations (Note 2)		204	5,182
Total liabilities		210,011	219,138
Preferred stock (5,939,875 shares outstanding at both March 31, 2021 and December 31, 2020)		6	6
Common stock (8,778,641,000 and 8,765,493,000 shares outstanding at March 31, 2021 and December 31, 2020, respectively)		702	702
Accumulated other comprehensive income (loss) – net attributable to GE		(8,893)	(9,749)
Other capital		34,042	34,307
Retained earnings		89,276	92,247
Less common stock held in treasury		(81,548)	(81,961)
Total GE shareholders’ equity		33,585	35,552
Noncontrolling interests		1,568	1,522
Total equity		35,153	37,073
Total liabilities and equity		245,164	256,211
GE Capital
Cash, cash equivalents and restricted cash		9,422	13,322
Investment securities (Note 3)		0	0
Current receivables (Note 4)		0	0
Financing receivables – net (Note 5)		3,738	4,172
Inventories, including deferred inventory costs (Note 6)		0	0
Other GE Capital receivables		2,260	3,280
Receivable from GE Capital		0	0
Current contract assets (Note 10)		0	0
All other current assets (Note 11)		518	543
Assets of discontinued operations (Note 2)		33,922	0
Current assets		49,860	21,317
Investment securities (Note 3)		40,756	42,515
Financing receivables – net (Note 5)		0	0
Other GE Capital receivables		5,077	5,076
Property, plant and equipment – net (Note 7)		261	271
Receivable from GE Capital		0	0
Goodwill (Note 8)		0	0
Other intangible assets – net (Note 8)		37	39
Contract and other deferred assets (Note 10)		0	0
All other assets (Note 11)		4,617	3,354
Deferred income taxes (Note 16)		5,023	5,099
Assets of discontinued operations (Note 2)		2,876	40,587
Total assets		108,507	118,257
Short-term borrowings (Note 12)		2,426	1,963
Short-term borrowings assumed by GE (Note 12)		1,784	2,432
Accounts payable and equipment project accruals		841	918
Progress collections and deferred income (Note 10)		0	0
All other current liabilities (Note 15)		1,507	2,288
Liabilities of discontinued operations (Note 2)		4,991	0
Current liabilities		11,549	7,602
Deferred income (Note 10)		0	0
Long-term borrowings (Note 12)		27,962	30,803
Long-term borrowings assumed by GE (Note 12)		16,577	16,780
Insurance liabilities and annuity benefits (Note 13)		40,004	42,565
Non-current compensation and benefits		327	379
All other liabilities (Note 15)		363	539
Liabilities of discontinued operations (Note 2)		79	5,058
Total liabilities		96,861	103,726
Preferred stock (5,939,875 shares outstanding at both March 31, 2021 and December 31, 2020)		0	6
Common stock (8,778,641,000 and 8,765,493,000 shares outstanding at March 31, 2021 and December 31, 2020, respectively)		5	0
Accumulated other comprehensive income (loss) – net attributable to GE		(786)	(804)
Other capital		17,982	17,835
Retained earnings		(5,730)	(2,663)
Less common stock held in treasury		0	0
Total GE shareholders’ equity		11,472	14,373
Noncontrolling interests		175	159
Total equity		11,646	14,531
Total liabilities and equity		108,507	118,257
GE Industrial
Cash, cash equivalents and restricted cash		22,361	23,209
Investment securities (Note 3)		6,741	7,319
Current receivables (Note 4)		12,418	13,442
Financing receivables – net (Note 5)		0	0
Inventories, including deferred inventory costs (Note 6)		16,530	15,890
Other GE Capital receivables		0	0
Receivable from GE Capital		1,784	2,432
Current contract assets (Note 10)		5,821	5,764
All other current assets (Note 11)		1,062	835
Assets of discontinued operations (Note 2)		0	0
Current assets		66,716	68,892
Investment securities (Note 3)		32	36
Financing receivables – net (Note 5)		0	0
Other GE Capital receivables		0	0
Property, plant and equipment – net (Note 7)		16,039	16,433
Receivable from GE Capital		16,577	16,780
Goodwill (Note 8)		25,320	25,524
Other intangible assets – net (Note 8)		9,358	9,632
Contract and other deferred assets (Note 10)		5,985	5,921
All other assets (Note 11)		7,952	7,948
Deferred income taxes (Note 16)		9,209	9,154
Assets of discontinued operations (Note 2)		132	144
Total assets		157,321	160,462
Short-term borrowings (Note 12)		535	918
Short-term borrowings assumed by GE (Note 12)		1,784	2,432
Accounts payable and equipment project accruals		15,839	16,380
Progress collections and deferred income (Note 10)		17,993	18,371
All other current liabilities (Note 15)		13,508	14,131
Liabilities of discontinued operations (Note 2)		0	0
Current liabilities		49,659	52,232
Deferred income (Note 10)		1,748	1,801
Long-term borrowings (Note 12)		19,174	19,428
Long-term borrowings assumed by GE (Note 12)		19,754	19,957
Insurance liabilities and annuity benefits (Note 13)		0	0
Non-current compensation and benefits		28,769	29,291
All other liabilities (Note 15)		14,586	15,072
Liabilities of discontinued operations (Note 2)		125	139
Total liabilities		133,815	137,921
Preferred stock (5,939,875 shares outstanding at both March 31, 2021 and December 31, 2020)		6	6
Common stock (8,778,641,000 and 8,765,493,000 shares outstanding at March 31, 2021 and December 31, 2020, respectively)		702	702
Accumulated other comprehensive income (loss) – net attributable to GE		(8,108)	(8,945)
Other capital		16,055	16,466
Retained earnings		95,006	94,910
Less common stock held in treasury		(81,548)	(81,961)
Total GE shareholders’ equity		22,113	21,179
Noncontrolling interests		1,393	1,363
Total equity		23,506	22,542
Total liabilities and equity		$ 157,321	$ 160,462
[1]	Excluded $1,707 million and $455 million at March 31, 2021 and December 31, 2020, respectively, in Insurance, which is subject to regulatory restrictions. This balance is included in All other assets. See Note 11 for further information.

STATEMENT OF FINANCIAL POSITI_2

STATEMENT OF FINANCIAL POSITION (UNAUDITED) (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Preferred stock, shares outstanding	5,939,875	5,939,875
Common stock, shares outstanding	8,778,641,000	8,765,493,000
GE | GE Capital
Restricted cash subject to regulatory restrictions	$ 1,707	$ 455

STATEMENT OF CASH FLOWS (UNAUDI

STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Cash flows – operating activities
Net earnings (loss)	$ (2,798)	$ 6,233
(Earnings) loss from discontinued operations	2,894	21
Adjustments to reconcile net earnings (loss) to cash provided from operating activities
Depreciation and amortization of property, plant and equipment (Note 7)	452	461
Amortization of intangible assets (Note 8)	301	318
(Gains) losses on purchases and sales of business interests (Note 23)	(3)	(12,372)
(Gains) losses on equity securities (Note 23)	(296)	5,873
Principal pension plans cost (Note 14)	658	877
Principal pension plans employer contributions	(74)	(70)
Other postretirement benefit plans (net)	(289)	(254)
Provision (benefit) for income taxes	142	54
Cash recovered (paid) during the year for income taxes	(322)	(310)
Changes in operating working capital:
Decrease (increase) in current receivables	946	(503)
Decrease (increase) in inventories, including deferred inventory costs	(722)	(1,077)
Decrease (increase) in current contract assets	(35)	145
Increase (decrease) in accounts payable and equipment project accruals	(349)	(617)
Increase (decrease) in progress collections and current deferred income	(425)	(590)
All other operating activities	(2,719)	892
Cash from (used for) operating activities – continuing operations	(2,640)	(919)
Cash from (used for) operating activities – discontinued operations	680	686
Cash from (used for) operating activities	(1,959)	(233)
Cash flows – investing activities
Additions to property, plant and equipment	(332)	(504)
Dispositions of property, plant and equipment	34	28
Additions to internal-use software	(24)	(60)
Net decrease (increase) in financing receivables	21	(103)
Proceeds from principal business dispositions	1	20,505
Net cash from (payments for) principal businesses purchased	0	(6)
Sales of retained ownership interests	735	0
Net (purchases) dispositions of GE Capital investment securities	(709)	(1,289)
All other investing activities	1,121	1,455
Cash from (used for) investing activities – continuing operations	847	20,025
Cash from (used for) investing activities – discontinued operations	(646)	(920)
Cash from (used for) investing activities	202	19,105
Cash flows – financing activities
Net increase (decrease) in borrowings (maturities of 90 days or less)	(319)	(1,905)
Newly issued debt (maturities longer than 90 days)	314	125
Repayments and other debt reductions (maturities longer than 90 days)	(1,513)	(5,867)
Dividends paid to shareholders	(148)	(89)
All other financing activities	57	(226)
Cash from (used for) financing activities – continuing operations	(1,608)	(7,962)
Cash from (used for) financing activities – discontinued operations	3	43
Cash from (used for) financing activities	(1,605)	(7,919)
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash	(131)	(256)
Increase (decrease) in cash, cash equivalents and restricted cash	(3,494)	10,697
Cash, cash equivalents and restricted cash at beginning of year	37,608	37,077
Cash, cash equivalents and restricted cash at March 31	34,115	47,774
Less cash, cash equivalents and restricted cash of discontinued operations at March 31	625	584
Cash, cash equivalents and restricted cash of continuing operations at March 31	33,490	47,190
GE Capital
Cash flows – operating activities
Net earnings (loss)	(3,028)	(151)
(Earnings) loss from discontinued operations	2,894	7
Adjustments to reconcile net earnings (loss) to cash provided from operating activities
Depreciation and amortization of property, plant and equipment (Note 7)	6	7
Amortization of intangible assets (Note 8)	3	3
(Gains) losses on purchases and sales of business interests (Note 23)	0	0
(Gains) losses on equity securities (Note 23)	(4)	85
Principal pension plans cost (Note 14)	0	0
Principal pension plans employer contributions	0	0
Other postretirement benefit plans (net)	(14)	(8)
Provision (benefit) for income taxes	(6)	(133)
Cash recovered (paid) during the year for income taxes	14	(32)
Changes in operating working capital:
Decrease (increase) in current receivables	0	0
Decrease (increase) in inventories, including deferred inventory costs	0	0
Decrease (increase) in current contract assets	0	0
Increase (decrease) in accounts payable and equipment project accruals	14	(18)
Increase (decrease) in progress collections and current deferred income	0	0
All other operating activities	(2,359)	763
Cash from (used for) operating activities – continuing operations	(2,479)	524
Cash from (used for) operating activities – discontinued operations	681	658
Cash from (used for) operating activities	(1,798)	1,181
Cash flows – investing activities
Additions to property, plant and equipment	0	0
Dispositions of property, plant and equipment	0	0
Additions to internal-use software	(1)	(1)
Net decrease (increase) in financing receivables	575	(559)
Proceeds from principal business dispositions	0	0
Net cash from (payments for) principal businesses purchased	0	0
Sales of retained ownership interests	0	0
Net (purchases) dispositions of GE Capital investment securities	(709)	(1,289)
All other investing activities	1,334	2,579
Cash from (used for) investing activities – continuing operations	1,199	730
Cash from (used for) investing activities – discontinued operations	(646)	(887)
Cash from (used for) investing activities	553	(157)
Cash flows – financing activities
Net increase (decrease) in borrowings (maturities of 90 days or less)	(223)	(514)
Newly issued debt (maturities longer than 90 days)	315	124
Repayments and other debt reductions (maturities longer than 90 days)	(1,493)	(5,804)
Dividends paid to shareholders	(41)	(42)
All other financing activities	84	(214)
Cash from (used for) financing activities – continuing operations	(1,358)	(6,450)
Cash from (used for) financing activities – discontinued operations	3	43
Cash from (used for) financing activities	(1,355)	(6,406)
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash	(46)	(113)
Increase (decrease) in cash, cash equivalents and restricted cash	(2,646)	(5,495)
Cash, cash equivalents and restricted cash at beginning of year	14,400	19,460
Cash, cash equivalents and restricted cash at March 31	11,754	13,964
Less cash, cash equivalents and restricted cash of discontinued operations at March 31	625	584
Cash, cash equivalents and restricted cash of continuing operations at March 31	11,129	13,380
GE Industrial
Cash flows – operating activities
Net earnings (loss)	230	6,384
(Earnings) loss from discontinued operations	0	14
Adjustments to reconcile net earnings (loss) to cash provided from operating activities
Depreciation and amortization of property, plant and equipment (Note 7)	446	453
Amortization of intangible assets (Note 8)	297	315
(Gains) losses on purchases and sales of business interests (Note 23)	(3)	(12,372)
(Gains) losses on equity securities (Note 23)	(293)	5,789
Principal pension plans cost (Note 14)	658	877
Principal pension plans employer contributions	(74)	(70)
Other postretirement benefit plans (net)	(275)	(247)
Provision (benefit) for income taxes	148	187
Cash recovered (paid) during the year for income taxes	(336)	(278)
Changes in operating working capital:
Decrease (increase) in current receivables	691	487
Decrease (increase) in inventories, including deferred inventory costs	(681)	(1,065)
Decrease (increase) in current contract assets	(35)	145
Increase (decrease) in accounts payable and equipment project accruals	(449)	(1,475)
Increase (decrease) in progress collections and current deferred income	(425)	(590)
All other operating activities	(390)	(215)
Cash from (used for) operating activities – continuing operations	(491)	(1,662)
Cash from (used for) operating activities – discontinued operations	0	29
Cash from (used for) operating activities	(491)	(1,633)
Cash flows – investing activities
Additions to property, plant and equipment	(332)	(504)
Dispositions of property, plant and equipment	34	29
Additions to internal-use software	(23)	(58)
Net decrease (increase) in financing receivables	0	0
Proceeds from principal business dispositions	1	20,505
Net cash from (payments for) principal businesses purchased	0	(6)
Sales of retained ownership interests	735	0
Net (purchases) dispositions of GE Capital investment securities	0	0
All other investing activities	133	81
Cash from (used for) investing activities – continuing operations	548	20,046
Cash from (used for) investing activities – discontinued operations	0	(33)
Cash from (used for) investing activities	549	20,013
Cash flows – financing activities
Net increase (decrease) in borrowings (maturities of 90 days or less)	(655)	(1,881)
Newly issued debt (maturities longer than 90 days)	0	1
Repayments and other debt reductions (maturities longer than 90 days)	(20)	(64)
Dividends paid to shareholders	(118)	(89)
All other financing activities	(27)	(12)
Cash from (used for) financing activities – continuing operations	(820)	(2,045)
Cash from (used for) financing activities – discontinued operations	0	0
Cash from (used for) financing activities	(820)	(2,045)
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash	(85)	(143)
Increase (decrease) in cash, cash equivalents and restricted cash	(848)	16,193
Cash, cash equivalents and restricted cash at beginning of year	23,209	17,617
Cash, cash equivalents and restricted cash at March 31	22,361	33,810
Less cash, cash equivalents and restricted cash of discontinued operations at March 31	0	0
Cash, cash equivalents and restricted cash of continuing operations at March 31	$ 22,361	$ 33,810

CONSOLIDATED STATEMENT OF COMPR

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Statement of Comprehensive Income [Abstract]
Net earnings (loss)	$ (2,798)	$ 6,233
Less net earnings (loss) attributable to noncontrolling interests	5	34
Net earnings (loss) attributable to the Company	(2,802)	6,199
Other comprehensive income (loss)
Investment securities	(18)	(41)
Currency translation adjustments	110	135
Cash flow hedges	62	(211)
Benefit plans	705	1,035
Other comprehensive income (loss)	859	918
Less: other comprehensive income (loss) attributable to noncontrolling interests	3	5
Other comprehensive income (loss) attributable to the Company	856	913
Comprehensive income (loss)	(1,939)	7,152
Less: comprehensive income (loss) attributable to noncontrolling interests	8	39
Comprehensive income (loss) attributable to the Company	$ (1,947)	$ 7,113

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, 2019		$ (11,732)					$ 34,405	$ 87,732	$ (82,797)	$ (175)
Common stock issued
Other comprehensive income (loss)	$ 918		$ (41)	$ 133	$ (211)	$ 1,032
Gains (losses) on treasury stock dispositions							(249)
Stock-based compensation							105
Other changes							35
Net earnings (loss) attributable to the Company	6,199							6,199
Dividends and other transactions with shareholders								(142)
Purchases									(14)
Dispositions									295
Ending balance at Mar. 31, 2020	36,859	(10,819)	20	(4,685)	(163)	(5,991)	34,296	93,615	(82,516)
Preferred stock issued	6
Common stock issued	702
Common stock issued
GE shareholders' equity balance	35,284
Noncontrolling interests balance (Note 17)	1,575
Preferred stock issued	6
Common stock issued	702
GE shareholders' equity balance	35,552
Noncontrolling interests balance (Note 17)	1,522
Beginning balance at Dec. 31, 2020	37,073	(9,749)					34,307	92,247	(81,961)	$ 0
Common stock issued
Other comprehensive income (loss)	859		(18)	108	62	704
Gains (losses) on treasury stock dispositions							(384)
Stock-based compensation							106
Other changes							14
Net earnings (loss) attributable to the Company	(2,802)							(2,802)
Dividends and other transactions with shareholders								(168)
Purchases									(38)
Dispositions									450
Ending balance at Mar. 31, 2021	35,153	$ (8,893)	$ 42	$ (4,278)	$ 34	$ (4,691)	$ 34,042	$ 89,276	$ (81,548)
Preferred stock issued	6
Common stock issued	702
Common stock issued
GE shareholders' equity balance	33,585
Noncontrolling interests balance (Note 17)	$ 1,568

BASIS OF PRESENTATION AND SUMMA

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2021
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 Industrial and GE Capital, these transactions are made on arms-length terms, are reported in the respective columns of our financial statements and are eliminated in consolidation. See Note 22 for further information. Our consolidated 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. Unless otherwise noted, tables are presented in U.S. dollars in millions. 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, 2020. Our significant accounting policies are described in Note 1 of our aforementioned Annual Report. ACCOUNTING CHANGES. On January 1, 2021, we adopted ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. The ASU removes certain exceptions from the guidance in ASC 740 related to intra-period tax allocations, interim calculations and the recognition of deferred tax liabilities for outside basis differences and clarifies and simplifies several other aspects of accounting for income taxes. Different transition methods apply to the various income tax simplifications. For the changes requiring a retrospective or modified retrospective transition, the adoption of the new standard did not have a material impact to our financial statements.

BUSINESSES HELD FOR SALE AND DI

BUSINESSES HELD FOR SALE AND DISCONTINUED OPERATIONS	3 Months Ended
	Mar. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]
BUSINESSES HELD FOR SALE AND DISCONTINUED OPERATIONS	NOTE 2. BUSINESSES HELD FOR SALE AND DISCONTINUED OPERATIONS. On March 31, 2020, we completed the sale of our BioPharma business within our Healthcare segment for total consideration of $21,112 million (after certain working capital adjustments) and incurred $185 million of cash payments directly associated with the transaction. In the first quarter of 2020, we recognized a pre-tax gain of $12,292 million ($11,145 million after-tax) in our consolidated Statement of Earnings (Loss). DISCONTINUED OPERATIONS . Primarily comprise our GE Capital Aviation Services (GECAS) business, our mortgage portfolio in Poland, and other trailing assets and liabilities associated with the dispositions of certain GE Capital and GE Industrial businesses. Results of operations, financial position and cash flows for these businesses are reported as discontinued operations for all periods presented. GECAS. On March 9, 2021 we entered into an agreement with AerCap Holdings N.V. (AerCap) to combine our GECAS business with AerCap. GE will receive total consideration consisting of $23,905 million cash subject to contractual closing adjustments, 111.5 million shares of AerCap common stock (approximately 46% ownership interest) valued at $6,550 million based on the AerCap’s closing share price of $58.74 on March 31, 2021 and $1,000 million paid in AerCap notes and/or cash upon closing at AerCap's option. As a result, we have reclassified GECAS' results to discontinued operations for all periods presented and recognized a non-cash after-tax loss of $2,755 million in discontinued operations in the first quarter of 2021. Given the economics of GECAS accrue to AerCap in conjunction with the transaction, the net impact of GECAS (loss on sale and operations) could change materially, mainly due to fluctuations in AerCap's closing share price. Completion of the transaction remains subject to AerCap shareholder approval, regulatory approvals and other customary closing conditions. After completion of the transaction, we will elect to prospectively measure our investment in AerCap at fair value and expect to have continuing involvement with AerCap, primarily through our ownership interest and ongoing sales or leases of products and services. Bank BPH . The mortgage portfolio in Poland (Bank BPH) comprises floating rate residential mortgages, 86% of which are indexed to or denominated in foreign currencies (primarily Swiss francs). At March 31, 2021, the total portfolio had a carrying value of $1,986 million with a 1.67% 90-day delinquency rate and an average loan to value ratio of approximately 61.6%. The portfolio is recorded at the lower of cost or fair value, less cost to sell, which reflects market yields as well as estimates with respect to ongoing litigation in Poland related to foreign currency-denominated mortgages and other factors. Earnings from discontinued operations for the three months ended March 31, 2021 included $282 million non-cash pre-tax charges, reflecting estimates with respect to ongoing litigation as well as market yields. Future changes in the estimated legal liabilities or market yields could result in further losses related to these loans in future reporting periods. See Note 21 for further information. Baker Hughes (BKR). We have continuing involvement with 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. For the three months ended March 31, 2021, we had sales of $166 million and purchases of $61 million with BKR for products and services outside of the JV. We collected net cash of $131 million from BKR related to sales, purchases and transition services. In the first quarter of 2021, we had sales of $119 million to BKR for products and services from the JV, and we collected cash of $161 million. When our investment in BKR is reduced to below 20%, we will deconsolidate the JV. A deconsolidation of the JV is not expected to have a material impact on GE Industrial Cash from operating activities (CFOA). In addition, we received $28 million of repayments on the promissory note receivable from BKR and dividends of $56 million on our investment. RESULTS OF DISCONTINUED OPERATIONS Three months ended March 31 2021 2020 Operations GE Capital revenues from services $ 633 $ 1,010 Cost of goods and services sold (368) (547) Other income, costs and expenses (386) (462) Earnings (loss) of discontinued operations before income taxes (121) 2 Benefit (provision) for income taxes (29) (19) Earnings (loss) of discontinued operations, net of taxes(a)(b) $ (149) $ (17) Disposal Gain (loss) on disposal before income taxes (2,702) (4) Benefit (provision) for income taxes (43) — Gain (loss) on disposal, net of taxes $ (2,745) $ (4) Earnings (loss) from discontinued operations, net of taxes $ (2,894) $ (21) (a) Earnings (loss) of discontinued operations attributable to the Company after income taxes was $(149) million and $(15) million for the three months ended March 31, 2021 and 2020, respectively. (b) Included $177 million and $155 million from GECAS operations, including $(359) million and $(545) million of depreciation and amortization, for the three months ended March 31, 2021 and 2020, respectively. Depreciation and amortization ceased on March 10, 2021. ASSETS AND LIABILITIES OF DISCONTINUED OPERATIONS March 31, 2021 December 31, 2020 Cash, cash equivalents and restricted cash $ 142 $ — Financing receivables - net 2,095 — Other GE Capital receivables 2,122 — Property, plant, and equipment - net 28,143 — Valuation allowance on disposal group classified as discontinued operations (2,536) — All other current assets 3,957 — Total current assets of discontinued operations 33,922 — Cash, cash equivalents and restricted cash 483 623 Financing receivables - net — 2,710 Other GE Capital receivables 49 1,844 Financing receivables held for sale (Polish mortgage portfolio) 1,986 2,461 Property, plant, and equipment - net 102 28,429 All other assets 389 4,683 Assets of discontinued operations(a) $ 36,931 $ 40,749 Deferred income taxes $ 2,268 $ — Accounts payable and all other liabilities 2,723 — Total current liabilities of discontinued operations 4,991 — Deferred income taxes — 2,172 Accounts payable and all other liabilities(b) 204 3,010 Liabilities of discontinued operations(a) $ 5,195 $ 5,182 (a) Included $33,922 million and $37,199 million of assets and $4,991 million and $4,997 million of liabilities for GECAS as of March 31, 2021 and December 31, 2020, respectively.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	3 Months Ended
	Mar. 31, 2021
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 supporting obligations to annuitants and policyholders in our run-off insurance operations. We have adopted the fair value option for our investment in BKR (comprising 311.4 million shares with approximately 30% ownership and a promissory note receivable as of March 31, 2021), which is recorded as Equity securities with readily determinable fair values. We classify investment securities as current or non-current based on our intent regarding the usage of proceeds from those investments. Investment securities held within insurance entities are classified as non-current as they support the long-duration insurance liabilities. March 31, 2021 December 31, 2020 Amortized Gross Gross Estimated Amortized Gross Gross Estimated Equity (Baker Hughes) $ 6,741 $ — $ — $ 6,741 $ 7,319 $ — $ — $ 7,319 Current investment securities $ 6,741 $ — $ — $ 6,741 $ 7,319 $ — $ — $ 7,319 Debt U.S. corporate $ 24,159 $ 4,616 $ (79) $ 28,695 $ 23,604 $ 6,651 $ (26) $ 30,230 Non-U.S. corporate 2,456 273 (5) 2,724 2,283 458 (1) 2,740 State and municipal 3,409 648 (19) 4,038 3,387 878 (9) 4,256 Mortgage and asset-backed 3,725 153 (63) 3,815 3,652 171 (71) 3,752 Government and agencies 1,166 112 (3) 1,275 1,169 184 — 1,353 Other equity 239 — — 239 218 — — 218 Non-current investment securities $ 35,152 $ 5,801 $ (168) $ 40,786 $ 34,313 $ 8,342 $ (106) $ 42,549 Total $ 41,893 $ 5,801 $ (168) $ 47,527 $ 41,632 $ 8,342 $ (106) $ 49,868 The amortized cost of debt securities as of March 31, 2021 excludes accrued interest of $438 million, which is reported in current Other GE Capital receivables. The estimated fair value of investment securities at March 31, 2021 decreased since December 31, 2020, primarily due to higher market yields and the sale of BKR shares, partially offset by new investments in our Insurance business and the mark-to-market effect on our remaining interest in BKR. Total estimated fair value of debt securities in an unrealized loss position were $3,732 million and $1,765 million, of which $644 million and $165 million had gross unrealized losses of $(56) million and $(20) million and had been in a loss position for 12 months or more at March 31, 2021 and December 31, 2020, respectively. Gross unrealized losses of $(168) million at March 31, 2021 included $(79) million related to U.S. corporate securities and $(57) million related to commercial mortgage-backed securities (CMBS). Primarily 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 $238 million and $(5,772) million for the three months ended March 31, 2021 and 2020, respectively. Proceeds from debt and equity securities sales, early redemptions by issuers and principal payments on the BKR promissory note totaled $1,333 million and $1,250 million for the three months ended March 31, 2021 and 2020, respectively. Gross realized gains on investment securities were $30 million and $46 million and gross realized losses and impairments were $(60) million and $(17) million for the three months ended March 31, 2021 and 2020, respectively. Contractual maturities of our debt securities (excluding mortgage and asset-backed securities) at March 31, 2021 are as follows: Amortized Estimated Within one year $ 613 $ 622 After one year through five years 3,111 3,396 After five years through ten years 6,579 7,626 After ten years 20,886 25,088 We expect actual maturities to differ from contractual maturities because borrowers 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 $5,641 million and $5,866 million are classified within Level 3, as significant inputs to the valuation model are unobservable at March 31, 2021 and December 31, 2020, respectively. During the three months ended March 31, 2021 and 2020, there were no significant transfers into or out of Level 3.

CURRENT AND LONG-TERM RECEIVABL

CURRENT AND LONG-TERM RECEIVABLES	3 Months Ended
	Mar. 31, 2021
Receivables [Abstract]
CURRENT AND LONG-TERM RECEIVABLES	NOTE 4. CURRENT AND LONG-TERM RECEIVABLES CURRENT RECEIVABLES Consolidated GE Industrial March 31, 2021 December 31, 2020 March 31, 2021 December 31, 2020 Customer receivables $ 12,441 $ 13,459 $ 9,307 $ 9,841 Sundry receivables(a)(b) 4,106 4,395 4,274 4,763 Allowance for credit losses(c) (1,165) (1,164) (1,163) (1,161) Total current receivables $ 15,381 $ 16,691 $ 12,418 $ 13,442 (a) 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. (b) Consolidated current receivables included a deferred purchase price receivable, 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 as of March 31, 2021 and December 31, 2020 was $461 million and $413 million, respectively. (c) GE Industrial allowance for credit losses primarily increased due to net new provisions of $39 million offset by write-offs and foreign currency impact. Sales of GE Industrial current customer receivables. When GE Industrial 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 Industrial 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 Industrial sales of customer receivables to GE Capital or third parties are made on arms-length terms and any discount related to time value of money is recognized by GE Industrial when the customer receivables are sold. In our Statement of Cash Flows, receivables purchased and retained by GE Capital are reflected as cash from operating activities at GE Industrial, primarily as cash used for investing activities at GE Capital and are eliminated in consolidation. Collections on receivables purchased by GE Capital are reflected primarily as cash from investing activities at GE Capital and are reclassified to cash from operating activities in consolidation. As of March 31, 2021 and 2020, GE Industrial sold approximately 38% and 49%, respectively, of its gross customer receivables to GE Capital or third parties. Effective April 1, 2021, the Company discontinued the majority of its factoring programs. Activity related to customer receivables sold by GE Industrial is as follows: 2021 2020 GE Capital Third Parties GE Capital Third Parties Balance at January 1 $ 3,618 $ 2,992 $ 3,087 $ 6,757 GE Industrial sales to GE Capital 7,044 — 9,225 — GE Industrial sales to third parties — 124 — 307 GE Capital sales to third parties (3,826) 3,826 (5,253) 5,253 Collections and other (3,765) (4,360) (3,224) (7,797) Reclassification from long-term customer receivables 63 — 123 — Balance at March 31 $ 3,134 (a) $ 2,582 (b) $ 3,958 (a) $ 4,519 (a) At March 31, 2021 and 2020, $526 million and $557 million, respectively, of the current receivables purchased and retained by GE Capital had been sold by GE Industrial to GE Capital with recourse (i.e., GE Industrial retains all or some risk of default). The effect on GE Industrial CFOA of claims by GE Capital on receivables sold with recourse was insignificant for the three months ended March 31, 2021 and 2020. (b) Included $1,863 million in our active unconsolidated receivables facility at March 31, 2021, under which we currently expect to continue sales of GE Industrial receivables in the future. LONG-TERM RECEIVABLES Consolidated GE Industrial March 31, 2021 December 31, 2020 March 31, 2021 December 31, 2020 Long-term customer receivables(a) $ 638 $ 585 $ 601 $ 474 Long-term sundry receivables(b) 1,656 1,748 1,928 2,097 Allowance for credit losses (136) (142) (136) (142) Total long-term receivables $ 2,158 $ 2,191 $ 2,392 $ 2,430 (a) As of March 31, 2021 and December 31, 2020, GE Capital held $37 million and $111 million, respectively, of GE Industrial long-term customer receivables, substantially all of which are with recourse (i.e. GE Industrial retains all or some risk of default). (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 one active revolving receivables facility, under which customer receivables purchased from GE Industrial are sold to third parties. In this facility, which has a program size of $2,000 million as of March 31, 2021, 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. Activity related to our unconsolidated receivables facilities is included in the GE Capital sales to third parties line in the sales of GE Industrial current customer receivables table above and is as follows: Three months ended March 31 2021 2020 Customer receivables sold to receivables facilities $ 2,605 $ 4,307 Total cash purchase price for customer receivables 2,479 4,120 Cash collections re-invested to purchase customer receivables 2,274 3,723 Non-cash increases to deferred purchase price $ 116 $ 160 Cash payments received on deferred purchase price 68 78

FINANCING RECEIVABLES AND ALLOW

FINANCING RECEIVABLES AND ALLOWANCES	3 Months Ended
	Mar. 31, 2021
Receivables [Abstract]
FINANCING RECEIVABLES AND ALLOWANCES	NOTE 5. FINANCING RECEIVABLES AND ALLOWANCES Consolidated GE Capital March 31, 2021 December 31, 2020 March 31, 2021 December 31, 2020 Loans, net of deferred income $ 337 $ 359 $ 3,749 $ 4,182 Allowance for losses (31) (32) (11) (10) Current financing receivables - net $ 306 $ 326 $ 3,738 $ 4,172 We manage our GE Capital financing receivables portfolio using delinquency data as key performance indicators. At March 31, 2021 and December 31, 2020, financing receivables over 30 days past due were 3.7% and 2.8% and 90 days past due were 1.6% and 1.7%, respectively. GE Capital financing receivables that comprise receivables purchased from GE Industrial 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 above. See Note 4 for further information.

INVENTORIES, INCLUDING DEFERRED

INVENTORIES, INCLUDING DEFERRED INVENTORY COSTS	3 Months Ended
	Mar. 31, 2021
Inventory Disclosure [Abstract]
INVENTORIES, INCLUDING DEFERRED INVENTORY COSTS	NOTE 6. INVENTORIES, INCLUDING DEFERRED INVENTORY COSTS March 31, 2021 December 31, 2020 Raw materials and work in process $ 8,013 $ 7,937 Finished goods 6,057 5,654 Deferred inventory costs(a) 2,460 2,299 Inventories, including deferred inventory costs $ 16,530 $ 15,890

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	3 Months Ended
	Mar. 31, 2021
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT	NOTE 7. PROPERTY, PLANT AND EQUIPMENT March 31, 2021 December 31, 2020 Original cost $ 31,893 $ 32,098 Less accumulated depreciation and amortization (18,405) (18,251) Right-of-use operating lease assets 2,808 2,852 Property, plant and equipment – net $ 16,296 $ 16,699 Consolidated depreciation and amortization on property, plant and equipment was $452 million and $461 million for the three months ended March 31, 2021 and 2020, respectively. Operating Lease Liabilities. Our consolidated operating lease liabilities, included in All other liabilities

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	3 Months Ended
	Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER INTANGIBLE ASSETS	NOTE 8. GOODWILL AND OTHER INTANGIBLE ASSETS GOODWILL January 1, 2021 Currency exchange Balance at Power $ 146 $ — $ 145 Renewable Energy 3,401 (88) 3,313 Aviation 9,247 (103) 9,144 Healthcare 11,855 (15) 11,840 Corporate 876 1 877 Total $ 25,524 $ (204) $ 25,320 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, (ii) downward revisions to internal forecasts or decreases in market multiples, if any, and (iii) declines in market capitalization. In the first quarter of 2021, we did not identify any reporting units that required an interim impairment test. However, we continue to monitor the operating results and cash flow forecasts of our Additive reporting unit in our Aviation segment as the fair value of this reporting unit was not significantly in excess of its carrying value. At March 31, 2021, our Additive reporting unit had goodwill of $236 million.

REVENUES

REVENUES	3 Months Ended
	Mar. 31, 2021
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 March 31 2021 2020 Equipment Services Total Equipment Services Total Power $ 1,241 $ 2,679 $ 3,921 $ 1,506 $ 2,518 $ 4,025 Renewable Energy 2,844 404 3,248 2,576 618 3,194 Aviation 1,847 3,145 4,992 2,364 4,529 6,892 Healthcare 2,227 2,081 4,308 2,699 2,029 4,727 Corporate items and industrial eliminations (188) 49 (139) (48) 54 6 Total GE Industrial revenues $ 7,971 $ 8,358 $ 16,329 $ 9,097 $ 9,748 $ 18,844 REVENUES Three months ended March 31 2021 2020 Gas Power $ 2,829 $ 2,859 Power Portfolio 1,091 1,165 Power $ 3,921 $ 4,025 Onshore Wind $ 2,118 $ 2,124 Grid Solutions equipment and services 795 839 Hydro 165 179 Offshore Wind and Hybrid Solutions 169 51 Renewable Energy $ 3,248 $ 3,194 Commercial Engines & Services $ 3,354 $ 5,113 Military 956 960 Systems & Other 682 820 Aviation $ 4,992 $ 6,892 Healthcare Systems $ 3,825 $ 3,448 Pharmaceutical Diagnostics 482 450 BioPharma — 830 Healthcare $ 4,308 $ 4,727 Corporate items and industrial eliminations (139) 6 Total GE Industrial revenues $ 16,329 $ 18,844 Capital 878 837 GE Capital-GE Industrial eliminations $ (89) $ (191) Consolidated revenues $ 17,118 $ 19,490

CONTRACT AND OTHER DEFERRED ASS

CONTRACT AND OTHER DEFERRED ASSETS & PROGRESS COLLECTIONS AND DEFERRED INCOME	3 Months Ended
	Mar. 31, 2021
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 increased $153 million in the three months ended March 31, 2021 primarily due to the timing of revenue recognition ahead of billing milestones on our long-term equipment contracts. Our long-term service agreements decreased primarily due to billings of $2,232 million, offset by revenues recognized of $2,118 million, a net favorable change in estimated profitability of $31 million at Aviation and a net unfavorable change in estimated profitability of $8 million at Power. March 31, 2021 Power Aviation Renewable Energy Healthcare Other Total Revenues in excess of billings $ 5,223 $ 2,911 $ — $ — $ — $ 8,134 Billings in excess of revenues (1,541) (5,347) — — — (6,888) Long-term service agreements $ 3,682 $ (2,436) $ — $ — $ — $ 1,246 Short-term and other service agreements 139 342 109 164 16 769 Equipment contract revenues 2,024 36 1,239 289 217 3,805 Current contract assets $ 5,845 $ (2,058) $ 1,348 $ 454 $ 232 $ 5,821 Nonrecurring engineering costs 13 2,436 33 29 — 2,511 Customer advances and other 783 2,570 — 122 — 3,474 Non-current contract and other deferred assets $ 796 $ 5,005 $ 33 $ 151 $ — $ 5,985 Total contract and other deferred assets $ 6,641 $ 2,948 $ 1,381 $ 604 $ 233 $ 11,806 December 31, 2020 Revenues in excess of billings $ 5,282 $ 3,072 $ — $ — $ — $ 8,354 Billings in excess of revenues (1,640) (5,375) — — — (7,015) Long-term service agreements $ 3,642 $ (2,304) $ — $ — $ — $ 1,338 Short-term and other service agreements 129 282 106 173 29 719 Equipment contract revenues 2,015 59 1,127 306 201 3,707 Current contract assets $ 5,786 $ (1,963) $ 1,233 $ 479 $ 229 $ 5,764 Nonrecurring engineering costs 16 2,409 34 31 — 2,490 Customer advances and other 822 2,481 — 128 (32) 3,398 Non-current contract and other deferred assets $ 838 $ 4,889 $ 34 $ 159 $ (32) $ 5,888 Total contract and other deferred assets $ 6,623 $ 2,927 $ 1,268 $ 638 $ 197 $ 11,653 Progress collections and deferred income decreased $431 million primarily due to the timing of revenue recognition in excess of new collections received, primarily at Aviation and Power. Revenues recognized for contracts included in a liability position at the beginning of the year were $5,909 million and $4,137 million for the three months ended March 31, 2021 and 2020, respectively. March 31, 2021 Power Aviation Renewable Energy Healthcare Other Total Progress collections on equipment contracts $ 4,829 $ 197 $ 1,388 $ — $ — $ 6,414 Other progress collections 371 4,483 4,343 416 121 9,735 Current deferred income 16 122 219 1,392 95 1,844 Progress collections and deferred income $ 5,217 $ 4,802 $ 5,949 $ 1,808 $ 217 $ 17,993 Non-current deferred income 118 855 211 555 9 1,748 Total Progress collections and deferred income $ 5,335 $ 5,657 $ 6,160 $ 2,363 $ 226 $ 19,741 December 31, 2020 Progress collections on equipment contracts $ 4,918 $ 214 $ 1,229 $ — $ — $ 6,362 Other progress collections 458 4,623 4,604 414 152 10,252 Current deferred income 17 132 194 1,309 105 1,757 Progress collections and deferred income $ 5,393 $ 4,969 $ 6,028 $ 1,724 $ 257 $ 18,371 Non-current deferred income 116 898 214 564 10 1,801 Total Progress collections and deferred income $ 5,509 $ 5,867 $ 6,241 $ 2,288 $ 267 $ 20,172

ALL OTHER ASSETS

ALL OTHER ASSETS	3 Months Ended
	Mar. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
ALL OTHER ASSETS	NOTE 11. ALL OTHER ASSETS. All other current assets and All other assets primarily includes equity method and other investments, long-term customer and sundry receivables (see Note 4), cash and cash equivalents in our run-off insurance operations and prepaid taxes and other deferred charges. Consolidated All other non-current assets increased $1,270 million in the three months ended March 31, 2021, primarily due to an increase in Insurance cash and cash equivalents of $1,252 million.

BORROWINGS

BORROWINGS	3 Months Ended
	Mar. 31, 2021
Debt Disclosure [Abstract]
BORROWINGS	NOTE 12. BORROWINGS March 31, 2021 December 31, 2020 Current portion of long-term borrowings $ 47 $ 36 Current portion of long-term borrowings assumed by GE Industrial 1,784 2,432 Other 488 882 Total GE Industrial short-term borrowings $ 2,318 $ 3,350 Current portion of long-term borrowings $ 1,743 $ 788 Intercompany payable to GE Industrial 1,784 2,432 Non-recourse borrowings of consolidated securitization entities 624 892 Other 59 283 Total GE Capital short-term borrowings $ 4,210 $ 4,395 Eliminations (2,061) (3,033) Total short-term borrowings $ 4,468 $ 4,713 Senior notes $ 18,753 $ 18,994 Senior notes assumed by GE Industrial 17,981 18,178 Subordinated notes assumed by GE Industrial 1,774 1,779 Other 422 435 Total GE Industrial long-term borrowings $ 38,929 $ 39,386 Senior notes $ 27,292 $ 30,132 Subordinated notes 148 189 Intercompany payable to GE Industrial 16,577 16,780 Non-recourse borrowings of consolidated securitization entities — — Other 521 483 Total GE Capital long-term borrowings $ 44,539 $ 47,584 Eliminations (16,577) (16,780) Total long-term borrowings $ 66,890 $ 70,189 Total borrowings $ 71,358 $ 74,902 At March 31, 2021, the outstanding GE Capital borrowings that had been assumed by GE Industrial as part of the GE Capital Exit Plan was $21,538 million ($1,784 million short-term and $19,754 million long-term), for which GE Industrial has an offsetting Receivable from GE Capital of $18,361 million. The difference of $3,177 million in long-term borrowings represents the amount of borrowings GE Capital had funded with available cash to GE Industrial via intercompany loans in lieu of GE Industrial issuing borrowings externally. At March 31, 2021, total GE Industrial borrowings of $22,886 million comprised GE Industrial-issued borrowings of $19,709 million and intercompany loans from GE Capital to GE Industrial of $3,177 million as described above. GE Industrial 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 applied to $27,332 million and $28,503 million of GE Capital debt at March 31, 2021 and December 31, 2020, respectively.

INSURANCE LIABILITIES AND ANNUI

INSURANCE LIABILITIES AND ANNUITY BENEFITS	3 Months Ended
	Mar. 31, 2021
Insurance [Abstract]
INSURANCE LIABILITIES AND ANNUITY BENEFITS	NOTE 13. INSURANCE LIABILITIES AND ANNUITY BENEFITS. Insurance liabilities and annuity benefits comprise substantially all obligations to annuitants and insureds in our run-off insurance operations. Our insurance operations generated revenues of $775 million and $616 million and profit (loss) of $116 million and $(93) million for the three months ended March 31, 2021 and 2020, respectively. These operations were supported by assets of $50,353 million and $50,824 million at March 31, 2021 and December 31, 2020, respectively. A summary of our insurance contracts is presented below: March 31, 2021 Long-term care Structured settlement annuities & life Other contracts Other adjustments(a) Total Future policy benefit reserves $ 16,997 $ 9,105 $ 183 $ 5,580 $ 31,864 Claim reserves 4,397 306 1,062 — 5,765 Investment contracts — 1,018 1,003 — 2,021 Unearned premiums and other 16 191 147 — 353 21,409 10,620 2,395 5,580 40,004 Eliminations — — (442) — (442) Total $ 21,409 $ 10,620 $ 1,953 $ 5,580 $ 39,562 December 31, 2020 Long-term care Structured settlement annuities & life Other contracts Other adjustments(a) Total Future policy benefit reserves $ 16,934 $ 9,207 $ 181 $ 8,160 $ 34,482 Claim reserves 4,393 275 1,068 — 5,736 Investment contracts — 1,034 1,016 — 2,049 Unearned premiums and other 19 189 89 — 298 21,346 10,705 2,354 8,160 42,565 Eliminations — — (374) — (374) Total $ 21,346 $ 10,705 $ 1,980 $ 8,160 $ 42,191 (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 decrease in Other adjustments of $2,580 million is a result of the decline in unrealized gains on investment securities. Claim reserves included incurred claims of $454 million and $507 million, of which insignificant amounts related to the recognition of adjustments to prior year claim reserves arising from our periodic reserve evaluation for the three months ended March 31, 2021 and 2020, respectively. Paid claims were $424 million and $405 million in the three months ended March 31, 2021 and 2020, respectively.

POSTRETIREMENT BENEFIT PLANS

POSTRETIREMENT BENEFIT PLANS	3 Months Ended
	Mar. 31, 2021
Retirement Benefits [Abstract]
POSTRETIREMENT BENEFIT PLANS	NOTE 14. 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. Please refer to Note 13 to the consolidated financial statements of our Annual Report on Form 10-K for the year ended December 31, 2020 for a discussion of our postretirement benefit plans. The components of benefit plans cost 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 March 31 2021 2020 Service cost for benefits earned $ 64 $ 153 Prior service cost amortization 7 37 Expected return on plan assets (763) (748) Interest cost on benefit obligations 486 587 Net actuarial loss amortization 864 848 Benefit plans cost $ 658 $ 877 Principal retiree benefit plans income was $40 million and $32 million for the three months ended March 31, 2021 and 2020, respectively. Other pension plans was $24 million income and $7 million cost for the three months ended March 31, 2021 and 2020, respectively. We also have a defined contribution plan for eligible U.S. employees that provides employer contributions. Defined contribution plan costs were $108 million and $95 million for the three months ended March 31, 2021 and 2020, respectively.

CURRENT AND ALL OTHER LIABILITI

CURRENT AND ALL OTHER LIABILITIES	3 Months Ended
	Mar. 31, 2021
Other Liabilities [Abstract]
CURRENT AND ALL OTHER LIABILITIES	NOTE 15. CURRENT AND ALL OTHER LIABILITIES. All other current liabilities and All other liabilities primarily includes liabilities for customer sales allowances, equipment project and commercial liabilities, employee compensation and benefits, income taxes payable and uncertain tax positions, operating lease liabilities (see Note 7), environmental, health and safety remediations and product warranties (see Note 21). GE Industrial All other liabilities decreased $486 million in the three months ended March 31, 2021, primarily due to a decrease in Alstom legacy legal matters of $199 million (see Note 21) and a decrease in interest accruals on assumed debt of $132 million.

INCOME TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2021
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 16. INCOME TAXES. Our consolidated effective income tax rate was 59.7% and 0.9% during the three months ended March 31, 2021 and 2020, respectively. The rate for 2021 is higher than the U.S. statutory rate primarily due to the cost of global activities, including the base erosion and global intangible minimum tax provisions and from tax expense associated with the unrealized gain in our remaining interest in Baker Hughes. This was partially offset by an adjustment to decrease the 2021 three-month tax rate to be in line with the lower expected full-year rate and by U.S. business credits. 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 tax rate on the BioPharma sale was low because the gain outside the U.S. was 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.

SHAREHOLDERS' EQUITY

SHAREHOLDERS' EQUITY	3 Months Ended
	Mar. 31, 2021
Equity [Abstract]
SHAREHOLDERS' EQUITY	NOTE 17. SHAREHOLDERS’ EQUITY ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) Three months ended March 31 2021 2020 Beginning balance $ 60 $ 61 AOCI before reclasses – net of taxes of $(7) and $0(a) (29) 6 Reclasses from AOCI – net of taxes of $4 and $(12) 11 (47) AOCI (18) (41) Less AOCI attributable to noncontrolling interests — — Investment securities AOCI ending balance $ 42 $ 20 Beginning balance $ (4,386) $ (4,818) AOCI before reclasses – net of taxes of $(57) and $(5) 110 (554) Reclasses from AOCI – net of taxes of $0 and $0(b) — 690 AOCI 110 135 Less AOCI attributable to noncontrolling interests 2 2 Currency translation adjustments AOCI ending balance $ (4,278) $ (4,685) Beginning balance $ (28) $ 49 AOCI before reclasses – net of taxes of $4 and $(45) 39 (262) Reclasses from AOCI – net of taxes of $10 and $8(b) 23 51 AOCI 62 (211) Less AOCI attributable to noncontrolling interests — — Cash flow hedges AOCI ending balance $ 34 $ (163) Beginning balance $ (5,395) $ (7,024) AOCI before reclasses – net of taxes of $(47) and $30 16 219 Reclasses from AOCI – net of taxes of $194 and $239(b) 689 817 AOCI 705 1,035 Less AOCI attributable to noncontrolling interests 1 3 Benefit plans AOCI ending balance $ (4,691) $ (5,991) AOCI at March 31 $ (8,893) $ (10,819) Dividends declared per common share $ 0.01 $ 0.01 (a) Included adjustments of $2,038 million and $1,267 million for the three months ended March 31, 2021 and 2020, 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 13 for further information. (b) The total reclassification from AOCI included $836 million, including currency translation of $688 million, net of taxes, for the three months ended March 31, 2020, related to the sale of our BioPharma business within our Healthcare segment. On January 21, 2021, GE Capital Series D preferred stock issued to GE Industrial was converted to GE Capital common stock and GE Capital and GE Industrial also agreed to retire the Series A, B and C GE Capital preferred stock. As a result of these actions, there is no remaining preferred stock between GE Industrial and GE Capital, and accordingly GE Capital will no longer pay preferred dividends to GE Industrial and all preferred stock dividend costs have become a GE Industrial obligation effective January 21, 2021. The exchange of GE Capital Series D preferred stock has no impact on the GE Series D preferred stock, which, effective January 21, 2021 became callable for $5,694 million on dividend payment dates and which dividends converted from 5% fixed rate to 3-month LIBOR plus 3.33%, payable quarterly. Similarly, there were no changes to the GE Series A, B or C preferred stock, which become callable at various dates in 2022 and 2023. The total carrying value of GE preferred stock at March 31, 2021 was $5,930 million and will increase to $5,940 million by the respective call dates through periodic accretion. See our Annual Report on Form 10-K for the year ended December 31, 2020 for further information.

EARNINGS PER SHARE INFORMATION

EARNINGS PER SHARE INFORMATION	3 Months Ended
	Mar. 31, 2021
Earnings Per Share [Abstract]
EARNINGS PER SHARE INFORMATION	NOTE 18. EARNINGS PER SHARE INFORMATION Three months ended March 31 2021 2020 (Earnings for per-share calculation, shares in millions, per-share amounts in dollars) Diluted Basic Diluted Basic Earnings from continuing operations $ 90 $ 92 $ 6,202 $ 6,202 Preferred stock dividends (72) (72) (43) (43) Accretion of redeemable noncontrolling interests, net of tax(a) 2 2 — — Earnings from continuing operations attributable to common shareholders 20 22 6,158 6,158 Earnings (loss) from discontinued operations (2,897) (2,894) (19) (19) Net earnings (loss) attributable to GE common shareholders (2,874) (2,872) 6,140 6,140 Shares of GE common stock outstanding 8,772 8,772 8,742 8,742 Employee compensation-related shares (including stock options) 35 — 7 — Total average equivalent shares 8,807 8,772 8,749 8,742 Earnings per share from continuing operations $ — $ — $ 0.70 $ 0.70 Earnings (loss) per share from discontinued operations (0.33) (0.33) 0.00 0.00 Net earnings (loss) per share (0.33) (0.33) 0.70 0.70 Potentially dilutive securities(b) 370 422 (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

FINANCIAL INSTRUMENTS	3 Months Ended
	Mar. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
FINANCIAL INSTRUMENTS	NOTE 19. 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. March 31, 2021 December 31, 2020 Carrying Estimated Carrying Estimated Assets Loans and other receivables $ 2,901 $ 3,066 $ 2,904 $ 3,125 Liabilities Borrowings (Note 12) 71,358 81,967 74,902 86,001 Investment contracts (Note 13) 2,021 2,402 2,049 2,547 The fair value in relation to carrying value for borrowings at March 31, 2021 compared to December 31, 2020 was unchanged, as an increase in market interest rates was offset by narrowing GE Industrial credit spreads and a decline in fair value adjustments for debt in fair value hedge relationships. Unlike the carrying amount, estimated fair value of borrowings included $1,178 million and $898 million of accrued interest at March 31, 2021 and December 31, 2020, 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 $91,921 million ($43,768 million in GE Capital and $48,153 million in GE Industrial) and $95,647 million ($45,445 million in GE Capital and $50,202 million in GE Industrial) at March 31, 2021 and December 31, 2020, respectively. GE Capital notional relates primarily to managing interest rate and currency risk between financial assets and liabilities, and GE Industrial notional relates primarily to managing currency risk. FAIR VALUE OF DERIVATIVES March 31, 2021 December 31, 2020 Gross Notional All other assets All other liabilities Gross Notional All other assets All other liabilities Interest rate contracts $ 20,395 $ 1,404 $ 16 $ 20,500 $ 1,912 $ 7 Currency exchange contracts 6,701 193 65 7,387 164 125 Derivatives accounted for as hedges $ 27,096 $ 1,597 $ 81 $ 27,886 $ 2,076 $ 132 Interest rate contracts $ 361 $ 14 $ 7 $ 346 $ 8 $ (1) Currency exchange contracts 62,369 967 911 65,379 767 918 Other contracts 2,095 322 7 2,036 218 71 Derivatives not accounted for as hedges $ 64,825 $ 1,302 $ 926 $ 67,761 $ 993 $ 989 Gross derivatives $ 91,921 $ 2,899 $ 1,007 $ 95,647 $ 3,069 $ 1,121 Netting and credit adjustments $ (729) $ (729) $ (647) $ (647) Cash collateral adjustments (1,497) (6) (1,935) (104) Net derivatives recognized in statement of financial position $ 673 $ 271 $ 487 $ 369 Net accrued interest $ 24 $ (19) $ — $ — Securities held as collateral (174) — (2) — Net amount $ 522 $ 252 $ 484 $ 369 It is standard market practice to post or receive cash collateral with our derivative counterparties in order to minimize counterparty exposure. Included in GE Capital Cash, cash equivalents and restricted cash was total net cash collateral received on derivatives of $1,542 million (comprising $2,313 million received and $771 million posted) at March 31, 2021 and $3,289 million (comprising $4,203 million received and $914 million posted) at December 31, 2020. Of these amounts, $584 million and $1,968 million at March 31, 2021 and December 31, 2020, respectively, were received on interest rate derivatives traded through clearing houses, which are recorded as a reduction of derivative assets and net accrued interest. Also included in total net cash collateral received are amounts presented as cash collateral adjustments in the table above, amounts related to accrued interest on interest rate derivatives presented as a reduction of Net accrued interest of $159 million and $292 million at March 31, 2021 and December 31, 2020, respectively, and excess net cash collateral posted of $693 million (comprising $31 million received and $723 million posted) at March 31, 2021, and $802 million (comprising $3 million received and $805 million posted) at December 31, 2020, which are excluded from cash collateral adjustments in the table above. Securities held as collateral excluded excess collateral received of $15 million and zero at March 31, 2021 and December 31, 2020, respectively. Fair value of derivatives in our consolidated Statement of Financial Position excludes accrued interest. FAIR VALUE HEDGES. We use derivatives to hedge the effects of interest rate and currency exchange rate changes on our borrowings. At March 31, 2021, the cumulative amount of hedging adjustments of $3,826 million (including $2,330 million on discontinued hedging relationships) was included in the carrying amount of the hedged liability of $26,926 million. At March 31, 2020, the cumulative amount of hedging adjustments of $6,527 million (including $2,348 million on discontinued hedging relationships) was included in the carrying amount of the hedged liability of $41,735 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 $36 million and $(313) million for the three months ended March 31, 2021 and 2020, 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 $62 million gain at March 31, 2021. We expect to reclassify $4 million of gain to earnings in the next 12 months contemporaneously with the earnings effects of the related forecasted transactions. For the three months ended March 31, 2021 and 2020, we recognized an immaterial amount and $18 million of loss (primarily as a result of the disposition of BioPharma), respectively, related to hedged forecasted transactions and firm commitments that did not occur by the end of the originally specified period. At March 31, 2021 and 2020, the maximum term of derivative instruments that hedge forecasted transactions was 14 years and 15 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 March 31, 2021 and 2020 was $272 million and $158 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 $8,106 million and $9,145 million at March 31, 2021 and 2020, respectively. No amount was reclassified from AOCI into earnings for the three months ended March 31, 2021 and 2020, respectively. EFFECTS OF DERIVATIVES ON EARNINGS. All derivatives are marked to fair value on our consolidated Statement of Financial Position, 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 (Loss): Three months ended March 31, 2021 Three months ended March 31, 2020 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 (Loss) $ 17,118 $ 12,538 $ 500 $ 2,891 $ 626 $ 19,490 $ 14,426 $ 561 $ 3,061 $ 6,869 Total effect of cash flow hedges $ (21) $ (4) $ (8) $ — $ — $ (21) $ (25) $ (10) $ (3) $ — Hedged items $ 1,843 $ (2,480) Derivatives designated as hedging instruments (1,899) 2,511 Total effect of fair value hedges $ (56) $ 31 Interest rate contracts $ 1 $ — $ (9) $ — $ (1) $ (26) $ — $ (9) $ — $ — Currency exchange contracts 303 — — 59 38 (521) 13 — 54 11 Other — — — 55 19 — — — (160) (22) Total effect of derivatives not designated as hedges $ 305 $ — $ (9) $ 114 $ 56 $ (547) $ 13 $ (9) $ (106) $ (12) The gain (loss) of amount excluded for cash flow hedges was $(16) million and $15 million for the three months ended March 31, 2021 and 2020, 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 $404 million and $392 million at March 31, 2021 and December 31, 2020, respectively. Counterparties' exposures to our derivative liability (including accrued interest), net of collateral posted by us, was $186 million and $307 million at March 31, 2021 and December 31, 2020, respectively.

VARIABLE INTEREST ENTITIES

VARIABLE INTEREST ENTITIES	3 Months Ended
	Mar. 31, 2021
Variable Interest Entities [Abstract]
VARIABLE INTEREST ENTITIES	NOTE 20. VARIABLE INTEREST ENTITIES. In addition to the three VIEs detailed in Note 4, in our consolidated Statement of Financial Position, we have assets of $1,712 million and $1,733 million and liabilities of $454 million and $657 million, inclusive of intercompany eliminations, at March 31, 2021 and December 31, 2020, respectively, from other consolidated VIEs. These entities were created to help our customers facilitate or finance the purchase of GE goods and services and 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 March 31, 2021 can only be used to settle the liabilities of those VIEs.

COMMITMENTS, GUARANTEES, PRODUC

COMMITMENTS, GUARANTEES, PRODUCT WARRANTIES AND OTHER LOSS CONTINGENCIES	3 Months Ended
	Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS, GUARANTEES, PRODUCT WARRANTIES AND OTHER LOSS CONTINGENCIES	NOTE 21. COMMITMENTS, GUARANTEES, PRODUCT WARRANTIES AND OTHER LOSS CONTINGENCIES COMMITMENTS. GE Capital had total investment commitments of $2,551 million at March 31, 2021. The commitments primarily comprise project financing investments in thermal and wind energy projects of $769 million and investments by our run-off insurance operations in investment securities and other assets of $1,782 million, and included within these commitments are obligations to make additional investments in unconsolidated VIEs of $447 million and $1,632 million, respectively. See Note 20 for further information. As of March 31, 2021, in our Aviation segment, we have committed to provide financing assistance of $2,241 million of future customer acquisitions of aircraft equipped with our engines. Commitments - Discontinued Operations. The GECAS business within discontinued operations has placed multiple-year orders for various Boeing, Airbus and other aircraft manufacturers with list prices approximating $26,118 million, excluding pre-delivery payments made in advance (including 269 new aircraft with estimated delivery dates of 18% in 2021, 18% in 2022 and 64% in 2023 through 2026) and secondary orders with airlines for used aircraft approximating $1,146 million (including 26 used aircraft with estimated delivery dates of 62% in 2021, 27% in 2022 and 11% in 2023) at March 31, 2021. When GECAS purchases aircraft, it is at contractual price, which is usually less than the aircraft manufacturer's list price. As of March 31, 2021, GECAS has made $2,647 million of pre-delivery payments to aircraft manufacturers. GUARANTEES. Credit Support and Indemnification Agreements - Continuing Operations. For further information on credit support and indemnification agreements for continuing operations, see our Annual Report on Form 10-K for the year ended December 31, 2020. Indemnification agreements - Discontinued Operations. At March 31, 2021, we have provided specific indemnities to buyers of GE Capital's assets that, in the aggregate, represent a maximum potential claim of $597 million with related reserves of $86 million. 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 $1,975 million and $2,054 million at March 31, 2021 and December 31, 2020, respectively. LEGAL MATTERS. The following information supplements and amends the discussion of Legal Matters in Note 23 to the consolidated financial statements in our Annual Report on Form 10-K for the year ended December 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. On 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 Slovenia that are described below. The reserve balance was $659 million and $858 million at March 31, 2021 and December 31, 2020, respectively, with the reduction driven primarily by cash payment in connection with the Šoštanj settlement described below. 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 connection with alleged improper payments by Alstom relating to contracts won in 2006 and 2008 for work on a state-owned power plant in Šoštanj, Slovenia, the power plant owner in January 2017 filed an arbitration claim for damages of approximately $430 million before the International Chamber of Commerce Court of Arbitration in Vienna, Austria. In February 2017, a government investigation in Slovenia of the same underlying conduct proceeded to an investigative phase overseen by a judge of the Celje District Court. In September 2020, the relevant Alstom legacy entity was served with an indictment, which we had anticipated as we are working with the parties to resolve these matters. In March 2021, GE reached a settlement of the arbitration claim with the power plant owner for a mix of cash and services valued by the plant owner at approximately $307 million. Shareholder and related lawsuits . Since February 2018, multiple shareholder derivative lawsuits have been filed against current and former GE executive officers and members of GE’s Board of Directors and GE (as nominal defendant). Four shareholder derivative lawsuits are currently pending: the Bennett case, which was filed in Massachusetts state court; and the Cuker, Lindsey and Priest/Tola cases, which were filed in New York state court. The Priest and Tola cases were initially filed as separate actions but have now been consolidated into one lawsuit. The Burden case, which was filed in the U.S. District Court for the Southern District of New York, was voluntarily dismissed by the plaintiffs in February 2021. These lawsuits have alleged violations of securities laws, breaches of fiduciary duties, unjust enrichment, waste of corporate assets, abuse of control and gross mismanagement, although the specific matters underlying the allegations in the lawsuits have varied. The allegations in the Bennett, Lindsey and Priest/Tola cases relate to substantially the same facts as those underlying the Hachem securities class action described in our Annual Report on Form 10-K for the year ended December 31, 2020, and the allegations in the Cuker case relate to alleged corruption in China. The plaintiffs seek unspecified damages and improvements in GE’s corporate governance and internal procedures. The Bennett case has been stayed pending final resolution of another shareholder derivative lawsuit (the Gammel case) that was previously dismissed. In August 2019, the Cuker plaintiffs filed an amended complaint, and GE in September 2019 filed a motion to dismiss the amended complaint. The Lindsey case has been stayed by agreement of the parties. GE filed a motion to dismiss the Priest/Tola complaint in March 2021. In July 2018, a putative class action (the Mahar case) was filed in New York state court naming as defendants GE, former GE executive officers, a former member of GE’s Board of Directors and KPMG. It alleged violations of Sections 11, 12 and 15 of the Securities Act of 1933 based on alleged misstatements related to insurance reserves and performance of GE’s business segments in GE Stock Direct Plan registration statements and documents incorporated therein by reference and seeks damages on behalf of shareholders who acquired GE stock between July 20, 2015 and July 19, 2018 through the GE Stock Direct Plan. In February 2019, this case was dismissed. In March 2019, plaintiffs filed an amended derivative complaint naming the same defendants. In April 2019, GE filed a motion to dismiss the amended complaint. In October 2019, the court denied GE's motion to dismiss and stayed the case pending the outcome of the Hachem case. In November 2019, the plaintiffs moved to re-argue to challenge the stay, and GE cross-moved to re-argue the denial of the motion to dismiss and filed a notice of appeal. The court denied both motions for re-argument, and in November 2020, the Appellate Division First Department affirmed the court's denial of GE's motion to dismiss. In January 2021, GE filed a motion for leave to appeal to the New York Court of Appeals, and that motion was denied in March 2021. In October 2018, a putative class action (the Houston case) was filed in New York state court naming as defendants GE, certain GE subsidiaries and current and former GE executive officers and employees. It alleges violations of Sections 11, 12 and 15 of the Securities Act of 1933 and seeks damages on behalf of purchasers of senior notes issued in 2016 and rescission of transactions involving those notes. This case was stayed pending resolution of the motion to dismiss the Hachem case. In April 2021, the plaintiffs filed an amended complaint. In February 2019, a securities action (the Touchstone case) was 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. It alleges violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Section 1707.43 of the Ohio Securities Act and common law fraud based on alleged misstatements regarding insurance reserves, GE Power’s revenue recognition practices related to long term service agreements, GE’s acquisition of Alstom, and the goodwill recognized in connection with that transaction. The lawsuit seeks damages on behalf of six institutional investors who purchased GE common stock between August 1, 2014 and October 30, 2018 and rescission of those purchases. This case was stayed pending resolution of the motion to dismiss the Hachem case. In March 2021, the plaintiffs filed an amended complaint. As previously reported by Baker Hughes, in March 2019, two derivative lawsuits were filed in the Delaware Court of Chancery naming as defendants GE, directors of Baker Hughes (including former members of GE’s Board of Directors and current and former GE executive officers) and Baker Hughes (as nominal defendant), and the court issued an order consolidating these two actions (the Schippnick case). The complaint as amended in May 2019 alleges, among other things, that GE and the Baker Hughes directors breached their fiduciary duties and that GE was unjustly enriched by entering into transactions and agreements related to GE's sales of approximately 12% of its ownership interest in Baker Hughes in November 2018. The complaint seeks declaratory relief, disgorgement of profits, an award of damages, pre- and post-judgment interest and attorneys’ fees and costs. In May 2019, the plaintiffs voluntarily dismissed their claims against the directors who were members of the Baker Hughes Conflicts Committee and a former Baker Hughes director. In October 2019, the Court denied the remaining defendants’ motions to dismiss, except with respect to the unjust enrichment claim against GE, which has been dismissed. In November 2019, the defendants filed their answer to the complaint, and a special litigation committee of the Baker Hughes Board of Directors moved for an order staying all proceedings in this action pending completion of the committee's investigation of the allegations and claims asserted in the complaint. In October 2020, the special litigation committee filed a report with the Court recommending that the derivative action be terminated. In January 2021, the special committee filed a motion to terminate the action. Bank BPH. As previously reported, GE Capital’s subsidiary Bank BPH, along with other Polish banks, has been subject to ongoing litigation in Poland related to its portfolio of floating rate residential mortgage loans, with cases brought by individual borrowers seeking relief related to their foreign currency denominated mortgage loans in various courts throughout Poland. At March 31, 2021, approximately 86% of the Bank BPH portfolio is indexed to or denominated in foreign currencies (primarily Swiss francs), and the total portfolio had a carrying value of $1,986 million. We continue to observe an increase in the number of lawsuits being brought against Bank BPH and other banks in Poland, and we expect this to continue in future reporting periods. We estimate potential losses for Bank BPH in connection with borrower litigation cases that are pending by recording legal reserves, as well as in connection with potential future cases or other adverse developments as part of our ongoing valuation of the Bank BPH portfolio, which we record at the lower of cost or fair value, less cost to sell. At March 31, 2021, the total amount of such estimated losses was $465 million. We update our assumptions underlying the amount of estimated losses based primarily on the number of lawsuits filed and estimated to be filed in the future, whether liability will be established in lawsuits and the nature of the remedy ordered by courts if liability is established. The increase in the amount of estimated losses during the first quarter of 2021 was driven primarily by increases in the number of lawsuits filed and estimated to be filed in the future. We expect the trends we have previously reported of an increasing number of lawsuits being filed, more findings of liability and more severe remedies being ordered against Polish banks (including Bank BPH) to continue in future reporting periods, although Bank BPH is unable at this time to develop a meaningful estimate of reasonably possible losses associated with active and inactive Bank BPH mortgage loans beyond the amounts currently recorded. Additional factors may also affect our estimated losses over time, including: potentially significant judicial decisions scheduled to be issued in the second quarter of 2021, including a decision by the European Court of Justice (ECJ) on the case involving a Bank BPH mortgage loan that was referred to the ECJ in January 2020 and one or more binding resolutions from the Polish Supreme Court; the impact of any of these or other decisions or binding resolutions on how Polish courts will interpret and apply the law in particular cases and how borrower behavior may change in response, neither or which will be known immediately upon the issuance of a decision or resolution; uncertainty related to a proposal by the Chairman of the Polish Financial Supervisory Authority in December 2020 that banks voluntarily offer borrowers an opportunity to convert their foreign currency denominated mortgage loans to Polish zlotys using an exchange rate applicable at the date of loan origination, and about the approaches that other Polish banks, regulators and other government authorities are adopting or will adopt in response to this proposal; uncertainty arising from investigations of the Polish Office of Competition and Consumer Protection (UOKiK), including a UOKiK decision in December 2020 which found that certain foreign exchange clauses that appear in certain of Bank BPH’s mortgage loan agreements are unfair contractual terms under Polish law. Future adverse developments related to any of the foregoing, or other developments such as actions by regulators or other governmental authorities could have a material adverse effect on Bank BPH and the carrying value of its mortgage loan portfolio and could result in significant losses beyond the amount that we currently estimate. ENVIRONMENTAL, HEALTH AND SAFETY MATTERS. As previously reported, in 2000, GE and the Environmental Protection Agency (EPA) entered into a consent decree relating to PCB cleanup of the Housatonic River in Massachusetts. Following the EPA’s release in September 2015 of an intended final remediation decision, GE and the EPA engaged in mediation and the first step of the dispute resolution process contemplated by the consent decree. In October 2016, the EPA issued its final decision pursuant to the consent decree, which GE and several other interested parties appealed to the EPA’s Environmental Appeals Board (EAB). The EAB issued its decision in January 2018, affirming parts of the EPA’s decision and granting relief to GE on certain significant elements of its challenge. The EAB remanded the decision back to the EPA to address those elements and reissue a revised final remedy, and the EPA convened a mediation process with GE and interested stakeholders. In February 2020, the EPA announced an agreement between the EPA and many of the mediation stakeholders, including GE, concerning a revised Housatonic River remedy. Based on the mediated resolution, the EPA solicited public comment on a draft permit in July 2020 and issued the final revised permit effective January 4, 2021. In March 2021, two local environmental advocacy groups filed a joint petition to the EAB challenging portions of the revised permit, and EPA and GE are defending that appeal. As of March 31, 2021, and based on its assessment of current facts and circumstances and its defenses, GE believes that it has recorded adequate reserves to cover future obligations associated with the proposed final remedy. For further information about environmental, health and safety matters, see our Annual Report on Form 10-K for the year ended December 31, 2020.

INTERCOMPANY TRANSACTIONS

INTERCOMPANY TRANSACTIONS	3 Months Ended
	Mar. 31, 2021
Related Party Transactions [Abstract]
INTERCOMPANY TRANSACTIONS	NOTE 22. INTERCOMPANY TRANSACTIONS. Presented below is a walk of intercompany eliminations from the combined GE Industrial and GE Capital totals to the consolidated cash flows for continuing operations. Three months ended March 31, 2021 Three months ended March 31, 2020 Cash from (used for): Operating activities Investing activities Financing activities Operating activities Investing activities Financing activities Combined GE Industrial and GE Capital cash flows $ (2,970) $ 1,747 $ (2,178) $ (1,138) $ 20,776 $ (8,494) GE Industrial current receivables sold to GE Capital(a) 211 (448) 237 (997) 945 52 GE Industrial long-term receivables sold to GE Capital 67 (67) — 135 (135) — Supply chain finance programs 120 (120) — 884 (884) — Other reclassifications and eliminations (68) (265) 333 197 (677) 480 Consolidated cash flows $ (2,640) $ 847 $ (1,608) $ (919) $ 20,025 $ (7,962) (a) Included the elimination of $3,218 million and $3,972 million payments to GE Industrial for current receivables purchased and retained by GE Capital and the related reclassification to CFOA of $3,429 million and $2,975 million due to GE Capital collections and other activity in our consolidated statement of cash flows for the three months ended March 31, 2021 and 2020, respectively. 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 Industrial to GE Capital are classified as Cash from operating activities in the GE Industrial column of our Statement of Cash Flows. See Note 4 for further information.

OTHER INCOME

OTHER INCOME	3 Months Ended
	Mar. 31, 2021
Other Income and Expenses [Abstract]
OTHER INCOME	NOTE 23. OTHER INCOME Three months ended March 31 2021 2020 Purchases and sales of business interests(a) $ 3 $ 12,372 Licensing and royalty income 48 42 Associated companies 16 39 Net interest and investment income (loss)(b) 439 (5,632) Other items 116 53 GE Industrial $ 623 $ 6,874 Eliminations 3 (4) Total $ 626 $ 6,869 (a) Included a pre-tax gain of $12,292 million ($11,145 million after-tax) on the sale of BioPharma for the three months ended March 31, 2020. See Note 2 for further information.

SEGMENT OPERATIONS

SEGMENT OPERATIONS	3 Months Ended
	Mar. 31, 2021
Segment Reporting [Abstract]
SEGMENT OPERATIONS	SEGMENT OPERATIONS. Refer to our Annual Report on Form 10-K for the year ended December 31, 2020, for further information regarding our determination of Industrial and Capital segment profit for continuing operations, and for our allocations of corporate costs to our segments. SUMMARY OF REPORTABLE SEGMENTS Three months ended March 31 2021 2020 V% Power $ 3,921 $ 4,025 (3) % Renewable Energy 3,248 3,194 2 % Aviation 4,992 6,892 (28) % Healthcare 4,308 4,727 (9) % Capital 878 837 5 % Total segment revenues 17,346 19,675 (12) % Corporate items and eliminations (228) (185) (23) % Consolidated revenues $ 17,118 $ 19,490 (12) % Power $ (87) $ (131) 34 % Renewable Energy (234) (327) 28 % Aviation 641 1,003 (36) % Healthcare 698 867 (19) % Capital (172) (187) 8 % Total segment profit (loss) 847 1,224 (31) % Corporate items and eliminations 52 6,123 (99) % GE Industrial interest and other financial charges (268) (370) 28 % GE Industrial non-operating benefit costs (433) (616) 30 % GE Industrial benefit (provision) for income taxes (148) (187) 21 % Earnings (loss) from continuing operations attributable to GE common shareholders 20 6,175 U Earnings (loss) from discontinued operations, net of taxes (2,894) (21) U Less net earnings (loss) attributable to noncontrolling interests, discontinued operations — (2) F Earnings (loss) from discontinued operations, net of tax and noncontrolling interest (2,894) (19) U Consolidated net earnings (loss) attributable to the GE common shareholders $ (2,874) $ 6,156 U

BASIS OF PRESENTATION AND SUM_2

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2021
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 Industrial and GE Capital, these transactions are made on arms-length terms, are reported in the respective columns of our financial statements and are eliminated in consolidation. See Note 22 for further information. Our consolidated 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. Unless otherwise noted, tables are presented in U.S. dollars in millions. 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.
Accounting changes	ACCOUNTING CHANGES. On January 1, 2021, we adopted ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. The ASU removes certain exceptions from the guidance in ASC 740 related to intra-period tax allocations, interim calculations and the recognition of deferred tax liabilities for outside basis differences and clarifies and simplifies several other aspects of accounting for income taxes. Different transition methods apply to the various income tax simplifications. For the changes requiring a retrospective or modified retrospective transition, the adoption of the new standard did not have a material impact to our financial statements.

BUSINESSES HELD FOR SALE AND _2

BUSINESSES HELD FOR SALE AND DISCONTINUED OPERATIONS (Tables)	3 Months Ended
	Mar. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]
Financial Information for Discontinued Operations	RESULTS OF DISCONTINUED OPERATIONS Three months ended March 31 2021 2020 Operations GE Capital revenues from services $ 633 $ 1,010 Cost of goods and services sold (368) (547) Other income, costs and expenses (386) (462) Earnings (loss) of discontinued operations before income taxes (121) 2 Benefit (provision) for income taxes (29) (19) Earnings (loss) of discontinued operations, net of taxes(a)(b) $ (149) $ (17) Disposal Gain (loss) on disposal before income taxes (2,702) (4) Benefit (provision) for income taxes (43) — Gain (loss) on disposal, net of taxes $ (2,745) $ (4) Earnings (loss) from discontinued operations, net of taxes $ (2,894) $ (21) (a) Earnings (loss) of discontinued operations attributable to the Company after income taxes was $(149) million and $(15) million for the three months ended March 31, 2021 and 2020, respectively. (b) Included $177 million and $155 million from GECAS operations, including $(359) million and $(545) million of depreciation and amortization, for the three months ended March 31, 2021 and 2020, respectively. Depreciation and amortization ceased on March 10, 2021. ASSETS AND LIABILITIES OF DISCONTINUED OPERATIONS March 31, 2021 December 31, 2020 Cash, cash equivalents and restricted cash $ 142 $ — Financing receivables - net 2,095 — Other GE Capital receivables 2,122 — Property, plant, and equipment - net 28,143 — Valuation allowance on disposal group classified as discontinued operations (2,536) — All other current assets 3,957 — Total current assets of discontinued operations 33,922 — Cash, cash equivalents and restricted cash 483 623 Financing receivables - net — 2,710 Other GE Capital receivables 49 1,844 Financing receivables held for sale (Polish mortgage portfolio) 1,986 2,461 Property, plant, and equipment - net 102 28,429 All other assets 389 4,683 Assets of discontinued operations(a) $ 36,931 $ 40,749 Deferred income taxes $ 2,268 $ — Accounts payable and all other liabilities 2,723 — Total current liabilities of discontinued operations 4,991 — Deferred income taxes — 2,172 Accounts payable and all other liabilities(b) 204 3,010 Liabilities of discontinued operations(a) $ 5,195 $ 5,182 (a) Included $33,922 million and $37,199 million of assets and $4,991 million and $4,997 million of liabilities for GECAS as of March 31, 2021 and December 31, 2020, respectively.

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	3 Months Ended
	Mar. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Schedule of Investment Securities	March 31, 2021 December 31, 2020 Amortized Gross Gross Estimated Amortized Gross Gross Estimated Equity (Baker Hughes) $ 6,741 $ — $ — $ 6,741 $ 7,319 $ — $ — $ 7,319 Current investment securities $ 6,741 $ — $ — $ 6,741 $ 7,319 $ — $ — $ 7,319 Debt U.S. corporate $ 24,159 $ 4,616 $ (79) $ 28,695 $ 23,604 $ 6,651 $ (26) $ 30,230 Non-U.S. corporate 2,456 273 (5) 2,724 2,283 458 (1) 2,740 State and municipal 3,409 648 (19) 4,038 3,387 878 (9) 4,256 Mortgage and asset-backed 3,725 153 (63) 3,815 3,652 171 (71) 3,752 Government and agencies 1,166 112 (3) 1,275 1,169 184 — 1,353 Other equity 239 — — 239 218 — — 218 Non-current investment securities $ 35,152 $ 5,801 $ (168) $ 40,786 $ 34,313 $ 8,342 $ (106) $ 42,549 Total $ 41,893 $ 5,801 $ (168) $ 47,527 $ 41,632 $ 8,342 $ (106) $ 49,868
Contractual Maturities of Investment in Available-for-Sale Debt Securities (Excluding Mortgage and Asset-Backed Securities)	Contractual maturities of our debt securities (excluding mortgage and asset-backed securities) at March 31, 2021 are as follows: Amortized Estimated Within one year $ 613 $ 622 After one year through five years 3,111 3,396 After five years through ten years 6,579 7,626 After ten years 20,886 25,088

CURRENT AND LONG-TERM RECEIVA_2

CURRENT AND LONG-TERM RECEIVABLES (Tables)	3 Months Ended
	Mar. 31, 2021
Receivables [Abstract]
Schedule of Receivables	CURRENT RECEIVABLES Consolidated GE Industrial March 31, 2021 December 31, 2020 March 31, 2021 December 31, 2020 Customer receivables $ 12,441 $ 13,459 $ 9,307 $ 9,841 Sundry receivables(a)(b) 4,106 4,395 4,274 4,763 Allowance for credit losses(c) (1,165) (1,164) (1,163) (1,161) Total current receivables $ 15,381 $ 16,691 $ 12,418 $ 13,442 (a) 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. (b) Consolidated current receivables included a deferred purchase price receivable, 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 as of March 31, 2021 and December 31, 2020 was $461 million and $413 million, respectively. 2021 2020 GE Capital Third Parties GE Capital Third Parties Balance at January 1 $ 3,618 $ 2,992 $ 3,087 $ 6,757 GE Industrial sales to GE Capital 7,044 — 9,225 — GE Industrial sales to third parties — 124 — 307 GE Capital sales to third parties (3,826) 3,826 (5,253) 5,253 Collections and other (3,765) (4,360) (3,224) (7,797) Reclassification from long-term customer receivables 63 — 123 — Balance at March 31 $ 3,134 (a) $ 2,582 (b) $ 3,958 (a) $ 4,519 (a) At March 31, 2021 and 2020, $526 million and $557 million, respectively, of the current receivables purchased and retained by GE Capital had been sold by GE Industrial to GE Capital with recourse (i.e., GE Industrial retains all or some risk of default). The effect on GE Industrial CFOA of claims by GE Capital on receivables sold with recourse was insignificant for the three months ended March 31, 2021 and 2020. (b) Included $1,863 million in our active unconsolidated receivables facility at March 31, 2021, under which we currently expect to continue sales of GE Industrial receivables in the future. LONG-TERM RECEIVABLES Consolidated GE Industrial March 31, 2021 December 31, 2020 March 31, 2021 December 31, 2020 Long-term customer receivables(a) $ 638 $ 585 $ 601 $ 474 Long-term sundry receivables(b) 1,656 1,748 1,928 2,097 Allowance for credit losses (136) (142) (136) (142) Total long-term receivables $ 2,158 $ 2,191 $ 2,392 $ 2,430 (a) As of March 31, 2021 and December 31, 2020, GE Capital held $37 million and $111 million, respectively, of GE Industrial long-term customer receivables, substantially all of which are with recourse (i.e. GE Industrial retains all or some risk of default). Activity related to our unconsolidated receivables facilities is included in the GE Capital sales to third parties line in the sales of GE Industrial current customer receivables table above and is as follows: Three months ended March 31 2021 2020 Customer receivables sold to receivables facilities $ 2,605 $ 4,307 Total cash purchase price for customer receivables 2,479 4,120 Cash collections re-invested to purchase customer receivables 2,274 3,723 Non-cash increases to deferred purchase price $ 116 $ 160 Cash payments received on deferred purchase price 68 78 Consolidated GE Capital March 31, 2021 December 31, 2020 March 31, 2021 December 31, 2020 Loans, net of deferred income $ 337 $ 359 $ 3,749 $ 4,182 Allowance for losses (31) (32) (11) (10) Current financing receivables - net $ 306 $ 326 $ 3,738 $ 4,172

FINANCING RECEIVABLES AND ALL_2

FINANCING RECEIVABLES AND ALLOWANCES (Tables)	3 Months Ended
	Mar. 31, 2021
Receivables [Abstract]
Schedule of Financing Receivables, Net	CURRENT RECEIVABLES Consolidated GE Industrial March 31, 2021 December 31, 2020 March 31, 2021 December 31, 2020 Customer receivables $ 12,441 $ 13,459 $ 9,307 $ 9,841 Sundry receivables(a)(b) 4,106 4,395 4,274 4,763 Allowance for credit losses(c) (1,165) (1,164) (1,163) (1,161) Total current receivables $ 15,381 $ 16,691 $ 12,418 $ 13,442 (a) 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. (b) Consolidated current receivables included a deferred purchase price receivable, 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 as of March 31, 2021 and December 31, 2020 was $461 million and $413 million, respectively. 2021 2020 GE Capital Third Parties GE Capital Third Parties Balance at January 1 $ 3,618 $ 2,992 $ 3,087 $ 6,757 GE Industrial sales to GE Capital 7,044 — 9,225 — GE Industrial sales to third parties — 124 — 307 GE Capital sales to third parties (3,826) 3,826 (5,253) 5,253 Collections and other (3,765) (4,360) (3,224) (7,797) Reclassification from long-term customer receivables 63 — 123 — Balance at March 31 $ 3,134 (a) $ 2,582 (b) $ 3,958 (a) $ 4,519 (a) At March 31, 2021 and 2020, $526 million and $557 million, respectively, of the current receivables purchased and retained by GE Capital had been sold by GE Industrial to GE Capital with recourse (i.e., GE Industrial retains all or some risk of default). The effect on GE Industrial CFOA of claims by GE Capital on receivables sold with recourse was insignificant for the three months ended March 31, 2021 and 2020. (b) Included $1,863 million in our active unconsolidated receivables facility at March 31, 2021, under which we currently expect to continue sales of GE Industrial receivables in the future. LONG-TERM RECEIVABLES Consolidated GE Industrial March 31, 2021 December 31, 2020 March 31, 2021 December 31, 2020 Long-term customer receivables(a) $ 638 $ 585 $ 601 $ 474 Long-term sundry receivables(b) 1,656 1,748 1,928 2,097 Allowance for credit losses (136) (142) (136) (142) Total long-term receivables $ 2,158 $ 2,191 $ 2,392 $ 2,430 (a) As of March 31, 2021 and December 31, 2020, GE Capital held $37 million and $111 million, respectively, of GE Industrial long-term customer receivables, substantially all of which are with recourse (i.e. GE Industrial retains all or some risk of default). Activity related to our unconsolidated receivables facilities is included in the GE Capital sales to third parties line in the sales of GE Industrial current customer receivables table above and is as follows: Three months ended March 31 2021 2020 Customer receivables sold to receivables facilities $ 2,605 $ 4,307 Total cash purchase price for customer receivables 2,479 4,120 Cash collections re-invested to purchase customer receivables 2,274 3,723 Non-cash increases to deferred purchase price $ 116 $ 160 Cash payments received on deferred purchase price 68 78 Consolidated GE Capital March 31, 2021 December 31, 2020 March 31, 2021 December 31, 2020 Loans, net of deferred income $ 337 $ 359 $ 3,749 $ 4,182 Allowance for losses (31) (32) (11) (10) Current financing receivables - net $ 306 $ 326 $ 3,738 $ 4,172

INVENTORIES, INCLUDING DEFERR_2

INVENTORIES, INCLUDING DEFERRED INVENTORY COSTS (Tables)	3 Months Ended
	Mar. 31, 2021
Inventory Disclosure [Abstract]
Schedule of Inventories	March 31, 2021 December 31, 2020 Raw materials and work in process $ 8,013 $ 7,937 Finished goods 6,057 5,654 Deferred inventory costs(a) 2,460 2,299 Inventories, including deferred inventory costs $ 16,530 $ 15,890

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	3 Months Ended
	Mar. 31, 2021
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment	March 31, 2021 December 31, 2020 Original cost $ 31,893 $ 32,098 Less accumulated depreciation and amortization (18,405) (18,251) Right-of-use operating lease assets 2,808 2,852 Property, plant and equipment – net $ 16,296 $ 16,699

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	3 Months Ended
	Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Changes in Goodwill Balances	GOODWILL January 1, 2021 Currency exchange Balance at Power $ 146 $ — $ 145 Renewable Energy 3,401 (88) 3,313 Aviation 9,247 (103) 9,144 Healthcare 11,855 (15) 11,840 Corporate 876 1 877 Total $ 25,524 $ (204) $ 25,320

REVENUES (Tables)

REVENUES (Tables)	3 Months Ended
	Mar. 31, 2021
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregated Revenues	EQUIPMENT & SERVICES REVENUES Three months ended March 31 2021 2020 Equipment Services Total Equipment Services Total Power $ 1,241 $ 2,679 $ 3,921 $ 1,506 $ 2,518 $ 4,025 Renewable Energy 2,844 404 3,248 2,576 618 3,194 Aviation 1,847 3,145 4,992 2,364 4,529 6,892 Healthcare 2,227 2,081 4,308 2,699 2,029 4,727 Corporate items and industrial eliminations (188) 49 (139) (48) 54 6 Total GE Industrial revenues $ 7,971 $ 8,358 $ 16,329 $ 9,097 $ 9,748 $ 18,844 REVENUES Three months ended March 31 2021 2020 Gas Power $ 2,829 $ 2,859 Power Portfolio 1,091 1,165 Power $ 3,921 $ 4,025 Onshore Wind $ 2,118 $ 2,124 Grid Solutions equipment and services 795 839 Hydro 165 179 Offshore Wind and Hybrid Solutions 169 51 Renewable Energy $ 3,248 $ 3,194 Commercial Engines & Services $ 3,354 $ 5,113 Military 956 960 Systems & Other 682 820 Aviation $ 4,992 $ 6,892 Healthcare Systems $ 3,825 $ 3,448 Pharmaceutical Diagnostics 482 450 BioPharma — 830 Healthcare $ 4,308 $ 4,727 Corporate items and industrial eliminations (139) 6 Total GE Industrial revenues $ 16,329 $ 18,844 Capital 878 837 GE Capital-GE Industrial eliminations $ (89) $ (191) Consolidated revenues $ 17,118 $ 19,490

CONTRACT AND OTHER DEFERRED A_2

CONTRACT AND OTHER DEFERRED ASSETS & PROGRESS COLLECTIONS AND DEFERRED INCOME (Tables)	3 Months Ended
	Mar. 31, 2021
Contractors [Abstract]
Contract with Customer, Asset and Liability	March 31, 2021 Power Aviation Renewable Energy Healthcare Other Total Revenues in excess of billings $ 5,223 $ 2,911 $ — $ — $ — $ 8,134 Billings in excess of revenues (1,541) (5,347) — — — (6,888) Long-term service agreements $ 3,682 $ (2,436) $ — $ — $ — $ 1,246 Short-term and other service agreements 139 342 109 164 16 769 Equipment contract revenues 2,024 36 1,239 289 217 3,805 Current contract assets $ 5,845 $ (2,058) $ 1,348 $ 454 $ 232 $ 5,821 Nonrecurring engineering costs 13 2,436 33 29 — 2,511 Customer advances and other 783 2,570 — 122 — 3,474 Non-current contract and other deferred assets $ 796 $ 5,005 $ 33 $ 151 $ — $ 5,985 Total contract and other deferred assets $ 6,641 $ 2,948 $ 1,381 $ 604 $ 233 $ 11,806 December 31, 2020 Revenues in excess of billings $ 5,282 $ 3,072 $ — $ — $ — $ 8,354 Billings in excess of revenues (1,640) (5,375) — — — (7,015) Long-term service agreements $ 3,642 $ (2,304) $ — $ — $ — $ 1,338 Short-term and other service agreements 129 282 106 173 29 719 Equipment contract revenues 2,015 59 1,127 306 201 3,707 Current contract assets $ 5,786 $ (1,963) $ 1,233 $ 479 $ 229 $ 5,764 Nonrecurring engineering costs 16 2,409 34 31 — 2,490 Customer advances and other 822 2,481 — 128 (32) 3,398 Non-current contract and other deferred assets $ 838 $ 4,889 $ 34 $ 159 $ (32) $ 5,888 Total contract and other deferred assets $ 6,623 $ 2,927 $ 1,268 $ 638 $ 197 $ 11,653 March 31, 2021 Power Aviation Renewable Energy Healthcare Other Total Progress collections on equipment contracts $ 4,829 $ 197 $ 1,388 $ — $ — $ 6,414 Other progress collections 371 4,483 4,343 416 121 9,735 Current deferred income 16 122 219 1,392 95 1,844 Progress collections and deferred income $ 5,217 $ 4,802 $ 5,949 $ 1,808 $ 217 $ 17,993 Non-current deferred income 118 855 211 555 9 1,748 Total Progress collections and deferred income $ 5,335 $ 5,657 $ 6,160 $ 2,363 $ 226 $ 19,741 December 31, 2020 Progress collections on equipment contracts $ 4,918 $ 214 $ 1,229 $ — $ — $ 6,362 Other progress collections 458 4,623 4,604 414 152 10,252 Current deferred income 17 132 194 1,309 105 1,757 Progress collections and deferred income $ 5,393 $ 4,969 $ 6,028 $ 1,724 $ 257 $ 18,371 Non-current deferred income 116 898 214 564 10 1,801 Total Progress collections and deferred income $ 5,509 $ 5,867 $ 6,241 $ 2,288 $ 267 $ 20,172

BORROWINGS (Tables)

BORROWINGS (Tables)	3 Months Ended
	Mar. 31, 2021
Debt Disclosure [Abstract]
Schedule of Borrowings	March 31, 2021 December 31, 2020 Current portion of long-term borrowings $ 47 $ 36 Current portion of long-term borrowings assumed by GE Industrial 1,784 2,432 Other 488 882 Total GE Industrial short-term borrowings $ 2,318 $ 3,350 Current portion of long-term borrowings $ 1,743 $ 788 Intercompany payable to GE Industrial 1,784 2,432 Non-recourse borrowings of consolidated securitization entities 624 892 Other 59 283 Total GE Capital short-term borrowings $ 4,210 $ 4,395 Eliminations (2,061) (3,033) Total short-term borrowings $ 4,468 $ 4,713 Senior notes $ 18,753 $ 18,994 Senior notes assumed by GE Industrial 17,981 18,178 Subordinated notes assumed by GE Industrial 1,774 1,779 Other 422 435 Total GE Industrial long-term borrowings $ 38,929 $ 39,386 Senior notes $ 27,292 $ 30,132 Subordinated notes 148 189 Intercompany payable to GE Industrial 16,577 16,780 Non-recourse borrowings of consolidated securitization entities — — Other 521 483 Total GE Capital long-term borrowings $ 44,539 $ 47,584 Eliminations (16,577) (16,780) Total long-term borrowings $ 66,890 $ 70,189 Total borrowings $ 71,358 $ 74,902

INSURANCE LIABILITIES AND ANN_2

INSURANCE LIABILITIES AND ANNUITY BENEFITS (Tables)	3 Months Ended
	Mar. 31, 2021
Insurance [Abstract]
Schedule of Insurance and Investment Contract Liabilities	A summary of our insurance contracts is presented below: March 31, 2021 Long-term care Structured settlement annuities & life Other contracts Other adjustments(a) Total Future policy benefit reserves $ 16,997 $ 9,105 $ 183 $ 5,580 $ 31,864 Claim reserves 4,397 306 1,062 — 5,765 Investment contracts — 1,018 1,003 — 2,021 Unearned premiums and other 16 191 147 — 353 21,409 10,620 2,395 5,580 40,004 Eliminations — — (442) — (442) Total $ 21,409 $ 10,620 $ 1,953 $ 5,580 $ 39,562 December 31, 2020 Long-term care Structured settlement annuities & life Other contracts Other adjustments(a) Total Future policy benefit reserves $ 16,934 $ 9,207 $ 181 $ 8,160 $ 34,482 Claim reserves 4,393 275 1,068 — 5,736 Investment contracts — 1,034 1,016 — 2,049 Unearned premiums and other 19 189 89 — 298 21,346 10,705 2,354 8,160 42,565 Eliminations — — (374) — (374) Total $ 21,346 $ 10,705 $ 1,980 $ 8,160 $ 42,191 (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 decrease in Other adjustments of $2,580 million is a result of the decline in unrealized gains on investment securities.

POSTRETIREMENT BENEFIT PLANS (T

POSTRETIREMENT BENEFIT PLANS (Tables)	3 Months Ended
	Mar. 31, 2021
Retirement Benefits [Abstract]
Schedule of Effect on Operations of Pension Plans	PRINCIPAL PENSION PLANS Three months ended March 31 2021 2020 Service cost for benefits earned $ 64 $ 153 Prior service cost amortization 7 37 Expected return on plan assets (763) (748) Interest cost on benefit obligations 486 587 Net actuarial loss amortization 864 848 Benefit plans cost $ 658 $ 877

SHAREHOLDERS' EQUITY (Tables)

SHAREHOLDERS' EQUITY (Tables)	3 Months Ended
	Mar. 31, 2021
Equity [Abstract]
Schedule of Shareowners' Equity	ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) Three months ended March 31 2021 2020 Beginning balance $ 60 $ 61 AOCI before reclasses – net of taxes of $(7) and $0(a) (29) 6 Reclasses from AOCI – net of taxes of $4 and $(12) 11 (47) AOCI (18) (41) Less AOCI attributable to noncontrolling interests — — Investment securities AOCI ending balance $ 42 $ 20 Beginning balance $ (4,386) $ (4,818) AOCI before reclasses – net of taxes of $(57) and $(5) 110 (554) Reclasses from AOCI – net of taxes of $0 and $0(b) — 690 AOCI 110 135 Less AOCI attributable to noncontrolling interests 2 2 Currency translation adjustments AOCI ending balance $ (4,278) $ (4,685) Beginning balance $ (28) $ 49 AOCI before reclasses – net of taxes of $4 and $(45) 39 (262) Reclasses from AOCI – net of taxes of $10 and $8(b) 23 51 AOCI 62 (211) Less AOCI attributable to noncontrolling interests — — Cash flow hedges AOCI ending balance $ 34 $ (163) Beginning balance $ (5,395) $ (7,024) AOCI before reclasses – net of taxes of $(47) and $30 16 219 Reclasses from AOCI – net of taxes of $194 and $239(b) 689 817 AOCI 705 1,035 Less AOCI attributable to noncontrolling interests 1 3 Benefit plans AOCI ending balance $ (4,691) $ (5,991) AOCI at March 31 $ (8,893) $ (10,819) Dividends declared per common share $ 0.01 $ 0.01 (a) Included adjustments of $2,038 million and $1,267 million for the three months ended March 31, 2021 and 2020, 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 13 for further information. (b) The total reclassification from AOCI included $836 million, including currency translation of $688 million, net of taxes, for the three months ended March 31, 2020, related to the sale of our BioPharma business within our Healthcare segment.

EARNINGS PER SHARE INFORMATION

EARNINGS PER SHARE INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2021
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	Three months ended March 31 2021 2020 (Earnings for per-share calculation, shares in millions, per-share amounts in dollars) Diluted Basic Diluted Basic Earnings from continuing operations $ 90 $ 92 $ 6,202 $ 6,202 Preferred stock dividends (72) (72) (43) (43) Accretion of redeemable noncontrolling interests, net of tax(a) 2 2 — — Earnings from continuing operations attributable to common shareholders 20 22 6,158 6,158 Earnings (loss) from discontinued operations (2,897) (2,894) (19) (19) Net earnings (loss) attributable to GE common shareholders (2,874) (2,872) 6,140 6,140 Shares of GE common stock outstanding 8,772 8,772 8,742 8,742 Employee compensation-related shares (including stock options) 35 — 7 — Total average equivalent shares 8,807 8,772 8,749 8,742 Earnings per share from continuing operations $ — $ — $ 0.70 $ 0.70 Earnings (loss) per share from discontinued operations (0.33) (0.33) 0.00 0.00 Net earnings (loss) per share (0.33) (0.33) 0.70 0.70 Potentially dilutive securities(b) 370 422 (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)	3 Months Ended
	Mar. 31, 2021
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. March 31, 2021 December 31, 2020 Carrying Estimated Carrying Estimated Assets Loans and other receivables $ 2,901 $ 3,066 $ 2,904 $ 3,125 Liabilities Borrowings (Note 12) 71,358 81,967 74,902 86,001 Investment contracts (Note 13) 2,021 2,402 2,049 2,547
Fair Value of Derivative Assets	FAIR VALUE OF DERIVATIVES March 31, 2021 December 31, 2020 Gross Notional All other assets All other liabilities Gross Notional All other assets All other liabilities Interest rate contracts $ 20,395 $ 1,404 $ 16 $ 20,500 $ 1,912 $ 7 Currency exchange contracts 6,701 193 65 7,387 164 125 Derivatives accounted for as hedges $ 27,096 $ 1,597 $ 81 $ 27,886 $ 2,076 $ 132 Interest rate contracts $ 361 $ 14 $ 7 $ 346 $ 8 $ (1) Currency exchange contracts 62,369 967 911 65,379 767 918 Other contracts 2,095 322 7 2,036 218 71 Derivatives not accounted for as hedges $ 64,825 $ 1,302 $ 926 $ 67,761 $ 993 $ 989 Gross derivatives $ 91,921 $ 2,899 $ 1,007 $ 95,647 $ 3,069 $ 1,121 Netting and credit adjustments $ (729) $ (729) $ (647) $ (647) Cash collateral adjustments (1,497) (6) (1,935) (104) Net derivatives recognized in statement of financial position $ 673 $ 271 $ 487 $ 369 Net accrued interest $ 24 $ (19) $ — $ — Securities held as collateral (174) — (2) — Net amount $ 522 $ 252 $ 484 $ 369
Fair Value of Derivative Liabilities	FAIR VALUE OF DERIVATIVES March 31, 2021 December 31, 2020 Gross Notional All other assets All other liabilities Gross Notional All other assets All other liabilities Interest rate contracts $ 20,395 $ 1,404 $ 16 $ 20,500 $ 1,912 $ 7 Currency exchange contracts 6,701 193 65 7,387 164 125 Derivatives accounted for as hedges $ 27,096 $ 1,597 $ 81 $ 27,886 $ 2,076 $ 132 Interest rate contracts $ 361 $ 14 $ 7 $ 346 $ 8 $ (1) Currency exchange contracts 62,369 967 911 65,379 767 918 Other contracts 2,095 322 7 2,036 218 71 Derivatives not accounted for as hedges $ 64,825 $ 1,302 $ 926 $ 67,761 $ 993 $ 989 Gross derivatives $ 91,921 $ 2,899 $ 1,007 $ 95,647 $ 3,069 $ 1,121 Netting and credit adjustments $ (729) $ (729) $ (647) $ (647) Cash collateral adjustments (1,497) (6) (1,935) (104) Net derivatives recognized in statement of financial position $ 673 $ 271 $ 487 $ 369 Net accrued interest $ 24 $ (19) $ — $ — Securities held as collateral (174) — (2) — Net amount $ 522 $ 252 $ 484 $ 369
Effects of Derivatives on Earnings	The table below presents the effect of our derivative financial instruments in the consolidated Statement of Earnings (Loss): Three months ended March 31, 2021 Three months ended March 31, 2020 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 (Loss) $ 17,118 $ 12,538 $ 500 $ 2,891 $ 626 $ 19,490 $ 14,426 $ 561 $ 3,061 $ 6,869 Total effect of cash flow hedges $ (21) $ (4) $ (8) $ — $ — $ (21) $ (25) $ (10) $ (3) $ — Hedged items $ 1,843 $ (2,480) Derivatives designated as hedging instruments (1,899) 2,511 Total effect of fair value hedges $ (56) $ 31 Interest rate contracts $ 1 $ — $ (9) $ — $ (1) $ (26) $ — $ (9) $ — $ — Currency exchange contracts 303 — — 59 38 (521) 13 — 54 11 Other — — — 55 19 — — — (160) (22) Total effect of derivatives not designated as hedges $ 305 $ — $ (9) $ 114 $ 56 $ (547) $ 13 $ (9) $ (106) $ (12)

INTERCOMPANY TRANSACTIONS (Tabl

INTERCOMPANY TRANSACTIONS (Tables)	3 Months Ended
	Mar. 31, 2021
Related Party Transactions [Abstract]
Schedule of Intercompany Eliminations	Presented below is a walk of intercompany eliminations from the combined GE Industrial and GE Capital totals to the consolidated cash flows for continuing operations. Three months ended March 31, 2021 Three months ended March 31, 2020 Cash from (used for): Operating activities Investing activities Financing activities Operating activities Investing activities Financing activities Combined GE Industrial and GE Capital cash flows $ (2,970) $ 1,747 $ (2,178) $ (1,138) $ 20,776 $ (8,494) GE Industrial current receivables sold to GE Capital(a) 211 (448) 237 (997) 945 52 GE Industrial long-term receivables sold to GE Capital 67 (67) — 135 (135) — Supply chain finance programs 120 (120) — 884 (884) — Other reclassifications and eliminations (68) (265) 333 197 (677) 480 Consolidated cash flows $ (2,640) $ 847 $ (1,608) $ (919) $ 20,025 $ (7,962)

OTHER INCOME (Tables)

OTHER INCOME (Tables)	3 Months Ended
	Mar. 31, 2021
Other Income and Expenses [Abstract]
Schedule of Other Income	Three months ended March 31 2021 2020 Purchases and sales of business interests(a) $ 3 $ 12,372 Licensing and royalty income 48 42 Associated companies 16 39 Net interest and investment income (loss)(b) 439 (5,632) Other items 116 53 GE Industrial $ 623 $ 6,874 Eliminations 3 (4) Total $ 626 $ 6,869 (a) Included a pre-tax gain of $12,292 million ($11,145 million after-tax) on the sale of BioPharma for the three months ended March 31, 2020. See Note 2 for further information.

SEGMENT OPERATIONS (Tables)

SEGMENT OPERATIONS (Tables)	3 Months Ended
	Mar. 31, 2021
Segment Reporting [Abstract]
Summary of Operating Segments	SUMMARY OF REPORTABLE SEGMENTS Three months ended March 31 2021 2020 V% Power $ 3,921 $ 4,025 (3) % Renewable Energy 3,248 3,194 2 % Aviation 4,992 6,892 (28) % Healthcare 4,308 4,727 (9) % Capital 878 837 5 % Total segment revenues 17,346 19,675 (12) % Corporate items and eliminations (228) (185) (23) % Consolidated revenues $ 17,118 $ 19,490 (12) % Power $ (87) $ (131) 34 % Renewable Energy (234) (327) 28 % Aviation 641 1,003 (36) % Healthcare 698 867 (19) % Capital (172) (187) 8 % Total segment profit (loss) 847 1,224 (31) % Corporate items and eliminations 52 6,123 (99) % GE Industrial interest and other financial charges (268) (370) 28 % GE Industrial non-operating benefit costs (433) (616) 30 % GE Industrial benefit (provision) for income taxes (148) (187) 21 % Earnings (loss) from continuing operations attributable to GE common shareholders 20 6,175 U Earnings (loss) from discontinued operations, net of taxes (2,894) (21) U Less net earnings (loss) attributable to noncontrolling interests, discontinued operations — (2) F Earnings (loss) from discontinued operations, net of tax and noncontrolling interest (2,894) (19) U Consolidated net earnings (loss) attributable to the GE common shareholders $ (2,874) $ 6,156 U

BUSINESSES HELD FOR SALE AND _3

BUSINESSES HELD FOR SALE AND DISCONTINUED OPERATIONS - Assets Held for Sale Narrative (Details) - Disposed of by sale - BioPharma - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2020
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Consideration	$ 21,112
Cash payments associated with transaction		$ 185
Pretax gain on sale	12,292
Gain on sale, after tax	$ 11,145

BUSINESSES HELD FOR SALE AND _4

BUSINESSES HELD FOR SALE AND DISCONTINUED OPERATIONS - Discontinued Operations Narrative (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	Mar. 09, 2021	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total portfolio carrying value		$ 245,164		$ 256,211
Discontinued operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain (loss) on disposal, net of taxes		(2,745)	$ (4)
GECAS | Discontinued operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Consideration	$ 23,905
Consideration received in notes	$ 1,000
Gain (loss) on disposal, net of taxes		$ (2,755)
GECAS | Discontinued operations | AerCap
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Consideration, stock transaction (in shares)	111.5
Ownership interest after disposal	46.00%
Consideration, stock transaction	$ 6,550
Share price (in dollars per share)		$ 58.74
Bank BPH | Bank BPH
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Percentage indexed to or denominated in foreign currencies		86.00%
Total portfolio carrying value		$ 1,986
Percent of financing receivables over 90 days past due		1.67%
Average loan to value ratio		61.60%
Pre-tax non-cash charges		$ 282
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		166
Purchases of products and services		61
Net cash collected from affiliate		131
Baker Hughes | Investee
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Dividends received		56
Baker Hughes | Investee | Promissory note receivable
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash collected from affiliate		28
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		119
Cash collected from affiliate		$ 161

BUSINESSES HELD FOR SALE AND _5

BUSINESSES HELD FOR SALE AND DISCONTINUED OPERATIONS - Financial Information for Discontinued Operations (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Disposal
Earnings (loss) from discontinued operations, net of taxes	$ (2,894)	$ (21)
Assets
Total current assets of discontinued operations	33,922		$ 0
Liabilities
Total current liabilities of discontinued operations	4,991		0
Discontinued operations
Operations
GE Capital revenues from services	633	1,010
Cost of goods and services sold	(368)	(547)
Other income, costs and expenses	(386)	(462)
Earnings (loss) of discontinued operations before income taxes	(121)	2
Benefit (provision) for income taxes	(29)	(19)
Earnings (loss) of discontinued operations, net of taxes	(149)	(17)
Disposal
Gain (loss) on disposal before income taxes	(2,702)	(4)
Benefit (provision) for income taxes	(43)	0
Gain (loss) on disposal, net of taxes	(2,745)	(4)
Earnings (loss) from discontinued operations, net of taxes	(2,894)	(21)
Earnings (loss) of discontinued operations attributable to the Company after income taxes	(149)	(15)
Assets
Cash, cash equivalents and restricted cash	142		0
Financing receivables - net	2,095		0
Other GE Capital receivables	2,122		0
Property, plant, and equipment - net	28,143		0
Valuation allowance on disposal group classified as discontinued operations	(2,536)		0
All other current assets	3,957		0
Total current assets of discontinued operations	33,922		0
Cash, cash equivalents and restricted cash	483		623
Financing receivables - net	0		2,710
Other GE Capital receivables	49		1,844
Financing receivables held for sale (Polish mortgage portfolio)	1,986		2,461
Property, plant, and equipment - net	102		28,429
All other assets	389		4,683
Assets	36,931		40,749
Liabilities
Deferred income taxes	2,268		0
Accounts payable and all other liabilities	2,723		0
Total current liabilities of discontinued operations	4,991		0
Deferred income taxes	0		2,172
Accounts payable and all other liabilities	204		3,010
Liabilities of discontinued operations	5,195		5,182
Discontinued operations | GECAS
Operations
Earnings (loss) of discontinued operations, net of taxes	177	155
Disposal
Gain (loss) on disposal, net of taxes	(2,755)
Depreciation and amortization	(359)	$ (545)
Assets
Assets	33,922		37,199
Liabilities
Liabilities of discontinued operations	4,991		4,997
GE Capital Exit Plan | Discontinued operations
Liabilities
Discontinued operations, intercompany tax receivables	$ 657		$ 704

INVESTMENT SECURITIES - Narrati

INVESTMENT SECURITIES - Narrative (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Accrued interest	$ 438
Debt securities in unrealized loss position, total	3,732		$ 1,765
Debt securities in unrealized loss position, 12 months or more	644		165
Gross unrealized losses, 12 months or more	(56)		(20)
Gross unrealized losses	(168)
Net unrealized gains (losses) recorded to earnings	238	$ (5,772)
Proceeds from investment securities sales and early redemptions by issuers	1,333	1,250
Debt and equity securities, realized gain	30	46
Debt and equity securities, realized losses and impairments	(60)	(17)
Equity securities without readily determinable fair values	$ 291		274
Fair value adjustments, including impairment		(93)
Baker Hughes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Remaining interest (in shares)	311.4
Ownership percentage	30.00%
Net unrealized gains (losses) recorded to earnings	$ 296	$ (5,710)
Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments with a fair value	5,641		5,866
U.S. corporate
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Gross unrealized losses	(79)		$ (26)
CMBS
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Gross unrealized losses	$ (57)

INVESTMENT SECURITIES - Schedul

INVESTMENT SECURITIES - Schedule of Investment Securities (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Debt and Equity Securities, FV-NI [Line Items]
Equity (Baker Hughes)	$ 6,741	$ 7,319
Current investment securities	6,741	7,319
Gross unrealized losses	(168)
Equity securities	239	218
Non-current investment securities, amortized cost	35,152	34,313
Non-current investment securities, gross unrealized gains	5,801	8,342
Non-current investment securities, gross unrealized losses	(168)	(106)
Non-current investment securities, estimated fair value	40,786	42,549
Amortized cost	41,893	41,632
Gross unrealized gains	5,801	8,342
Gross unrealized losses		(106)
Estimated fair value	47,527	49,868
U.S. corporate
Debt and Equity Securities, FV-NI [Line Items]
Amortized cost	24,159	23,604
Gross unrealized gains	4,616	6,651
Gross unrealized losses	(79)	(26)
Estimated fair value	28,695	30,230
Non-U.S. corporate
Debt and Equity Securities, FV-NI [Line Items]
Amortized cost	2,456	2,283
Gross unrealized gains	273	458
Gross unrealized losses	(5)	(1)
Estimated fair value	2,724	2,740
State and municipal
Debt and Equity Securities, FV-NI [Line Items]
Amortized cost	3,409	3,387
Gross unrealized gains	648	878
Gross unrealized losses	(19)	(9)
Estimated fair value	4,038	4,256
Mortgage and asset-backed
Debt and Equity Securities, FV-NI [Line Items]
Amortized cost	3,725	3,652
Gross unrealized gains	153	171
Gross unrealized losses	(63)	(71)
Estimated fair value	3,815	3,752
Government and agencies
Debt and Equity Securities, FV-NI [Line Items]
Amortized cost	1,166	1,169
Gross unrealized gains	112	184
Gross unrealized losses	(3)	0
Estimated fair value	$ 1,275	$ 1,353

INVESTMENT SECURITIES - Contrac

INVESTMENT SECURITIES - Contractual Maturities (Details) $ in Millions	Mar. 31, 2021USD ($)
Amortized cost
Within one year	$ 613
After one year through five years	3,111
After five years through ten years	6,579
After ten years	20,886
Estimated fair value
Within one year	622
After one year through five years	3,396
After five years through ten years	7,626
After ten years	$ 25,088

CURRENT AND LONG-TERM RECEIVA_3

CURRENT AND LONG-TERM RECEIVABLES - Schedule of Current Receivables (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Customer receivables	$ 12,441	$ 13,459
Sundry receivables	4,106	4,395
Allowance for credit losses	(1,165)	(1,164)
Total current receivables	15,381	16,691
Increase in allowance for credit losses	39
GE Capital
Accounts, Notes, Loans and Financing Receivable [Line Items]
DPP balance	461	413
GE Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Customer receivables	9,307	9,841
Sundry receivables	4,274	4,763
Allowance for credit losses	(1,163)	(1,161)
Total current receivables	$ 12,418	$ 13,442

CURRENT AND LONG-TERM RECEIVA_4

CURRENT AND LONG-TERM RECEIVABLES - Sales of GE Current Customer Receivables, Narrative (Details)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
GE Industrial | Current Receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of receivables sold	38.00%	49.00%

CURRENT AND LONG-TERM RECEIVA_5

CURRENT AND LONG-TERM RECEIVABLES - Sales of GE Current Customer Receivables (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Current Receivables | Third Parties | Receivables Facility One
Movement in Accounts Receivable from Securitization [Roll Forward]
Balance at end of period	$ 1,863
GE Industrial | Current Receivables | GE Capital
Movement in Accounts Receivable from Securitization [Roll Forward]
Balance at beginning of period	3,618	$ 3,087
GE sales	7,044	9,225
GE Capital sales to third parties	(3,826)	(5,253)
Collections and other	(3,765)	(3,224)
Reclassification from long-term customer receivables	63	123
Balance at end of period	3,134	3,958
GE Industrial | Current Receivables | Third Parties
Movement in Accounts Receivable from Securitization [Roll Forward]
Balance at beginning of period	2,992	6,757
GE sales	124	307
GE Capital sales to third parties	3,826	5,253
Collections and other	(4,360)	(7,797)
Reclassification from long-term customer receivables	0	0
Balance at end of period	2,582	4,519
GE Industrial | Current Receivables with Recourse | GE Capital
Movement in Accounts Receivable from Securitization [Roll Forward]
Balance at end of period	$ 526	$ 557

CURRENT AND LONG-TERM RECEIVA_6

CURRENT AND LONG-TERM RECEIVABLES - Schedule of Long-term Receivables (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Long-term customer receivables	$ 638	$ 585
Long-term sundry receivables	1,656	1,748
Allowance for credit losses	(136)	(142)
Total long-term receivables	2,158	2,191
GE Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Long-term customer receivables	601	474
Long-term sundry receivables	1,928	2,097
Allowance for credit losses	(136)	(142)
Total long-term receivables	2,392	2,430
GE Capital | GE Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total long-term receivables	$ 37	$ 111

CURRENT AND LONG-TERM RECEIVA_7

CURRENT AND LONG-TERM RECEIVABLES - Unconsolidated Receivables Facilities (Details) $ in Millions	3 Months Ended
	Mar. 31, 2021USD ($)receivable_facility	Mar. 31, 2020USD ($)
GE Capital
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of receivables facility | receivable_facility	1
Third Parties | GE Industrial | Current Receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Customer receivables sold to receivables facilities	$ 2,605	$ 4,307
Total cash purchase price for customer receivables	2,479	4,120
Cash collections re-invested to purchase customer receivables	2,274	3,723
Non-cash increases to deferred purchase price	116	160
Cash payments received on deferred purchase price	68	$ 78
Receivables Facility One | GE Capital
Accounts, Notes, Loans and Financing Receivable [Line Items]
Facility program size	$ 2,000

CURRENT AND LONG-TERM RECEIVA_8

CURRENT AND LONG-TERM RECEIVABLES - Consolidated Securitization Entities (Details) $ in Millions	3 Months Ended
	Mar. 31, 2021USD ($)entity	Dec. 31, 2020USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Assets	$ 245,164	$ 256,211
Liabilities	210,011	219,138
Consolidated VIE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Assets	1,712	1,733
Liabilities	$ 454	657
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	$ 1,133	1,489
Consolidated VIE | GE Capital | Receivables | Noncurrent Receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Assets	29	93
Consolidated VIE | GE Capital | Debt | Debt Facilities
Accounts, Notes, Loans and Financing Receivable [Line Items]
Liabilities	$ 624	$ 892

FINANCING RECEIVABLES AND ALL_3

FINANCING RECEIVABLES AND ALLOWANCES - Schedule of Financing Receivables, Net (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of deferred income	$ 337	$ 359
Allowance for losses	(31)	(32)
Current financing receivables - net	306	326
GE Capital
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of deferred income	3,749	4,182
Allowance for losses	(11)	(10)
Current financing receivables - net	$ 3,738	$ 4,172

FINANCING RECEIVABLES AND ALL_4

FINANCING RECEIVABLES AND ALLOWANCES - Narrative (Details) - GE Capital	Mar. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percent of financing receivables over 30 days past due	3.70%	2.80%
Percent of financing receivables over 90 days past due	1.60%	1.70%

INVENTORIES, INCLUDING DEFERR_3

INVENTORIES, INCLUDING DEFERRED INVENTORY COSTS (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Inventory Disclosure [Abstract]
Raw materials and work in process	$ 8,013	$ 7,937
Finished goods	6,057	5,654
Deferred inventory costs	2,460	2,299
Inventories, including deferred inventory costs	$ 16,530	$ 15,890

PROPERTY, PLANT AND EQUIPMENT -

PROPERTY, PLANT AND EQUIPMENT - Schedule of Property, Plant and Equipment (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Original cost	$ 31,893	$ 32,098
Less accumulated depreciation and amortization	(18,405)	(18,251)
Right-of-use operating lease assets	2,808	2,852
Property, plant and equipment – net	$ 16,296	$ 16,699

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Consolidated depreciation and amortization on property, plant and equipment	$ 452	$ 461
Lease liabilities, statement of financial position	All other liabilities (Note 15)		All other liabilities (Note 15)
Lease liabilities	$ 3,143		$ 3,195
Lease expense	281	$ 294
GE Industrial
Property, Plant and Equipment [Line Items]
Lease liabilities	$ 3,083		$ 3,133

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS - Changes in Goodwill Balances (Details) $ in Millions	3 Months Ended
	Mar. 31, 2021USD ($)
Goodwill
Balance at beginning of period	$ 25,524
Currency exchange and other	(204)
Balance at end of period	25,320
Operating Segments | Power
Goodwill
Balance at beginning of period	146
Currency exchange and other	0
Balance at end of period	145
Operating Segments | Renewable Energy
Goodwill
Balance at beginning of period	3,401
Currency exchange and other	(88)
Balance at end of period	3,313
Operating Segments | Aviation
Goodwill
Balance at beginning of period	9,247
Currency exchange and other	(103)
Balance at end of period	9,144
Operating Segments | Healthcare
Goodwill
Balance at beginning of period	11,855
Currency exchange and other	(15)
Balance at end of period	11,840
Corporate
Goodwill
Balance at beginning of period	876
Currency exchange and other	1
Balance at end of period	$ 877

GOODWILL AND OTHER INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLE ASSETS - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Goodwill [Line Items]
Goodwill	$ 25,320		$ 25,524
Intangible assets	9,395		$ 9,671
Amortization of intangible assets	301	$ 318
Operating Segments | Additive Reporting Unit
Goodwill [Line Items]
Goodwill	$ 236

REVENUES - Equipment and Servic

REVENUES - Equipment and Services Revenues (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Disaggregation of Revenue [Line Items]
Total revenues	$ 17,118	$ 19,490
GE Industrial
Disaggregation of Revenue [Line Items]
Total revenues	16,329	18,844
GE Industrial | Equipment
Disaggregation of Revenue [Line Items]
Total revenues	7,971	9,097
GE Industrial | Services
Disaggregation of Revenue [Line Items]
Total revenues	8,358	9,748
Operating segments
Disaggregation of Revenue [Line Items]
Total revenues	17,346	19,675
Operating segments | GE Industrial | Power
Disaggregation of Revenue [Line Items]
Total revenues	3,921	4,025
Operating segments | GE Industrial | Renewable Energy
Disaggregation of Revenue [Line Items]
Total revenues	3,248	3,194
Operating segments | GE Industrial | Aviation
Disaggregation of Revenue [Line Items]
Total revenues	4,992	6,892
Operating segments | GE Industrial | Healthcare
Disaggregation of Revenue [Line Items]
Total revenues	4,308	4,727
Operating segments | GE Industrial | Equipment | Power
Disaggregation of Revenue [Line Items]
Total revenues	1,241	1,506
Operating segments | GE Industrial | Equipment | Renewable Energy
Disaggregation of Revenue [Line Items]
Total revenues	2,844	2,576
Operating segments | GE Industrial | Equipment | Aviation
Disaggregation of Revenue [Line Items]
Total revenues	1,847	2,364
Operating segments | GE Industrial | Equipment | Healthcare
Disaggregation of Revenue [Line Items]
Total revenues	2,227	2,699
Operating segments | GE Industrial | Services | Power
Disaggregation of Revenue [Line Items]
Total revenues	2,679	2,518
Operating segments | GE Industrial | Services | Renewable Energy
Disaggregation of Revenue [Line Items]
Total revenues	404	618
Operating segments | GE Industrial | Services | Aviation
Disaggregation of Revenue [Line Items]
Total revenues	3,145	4,529
Operating segments | GE Industrial | Services | Healthcare
Disaggregation of Revenue [Line Items]
Total revenues	2,081	2,029
Corporate items and industrial eliminations | GE Industrial
Disaggregation of Revenue [Line Items]
Total revenues	(139)	6
Corporate items and industrial eliminations | GE Industrial | Equipment
Disaggregation of Revenue [Line Items]
Total revenues	(188)	(48)
Corporate items and industrial eliminations | GE Industrial | Services
Disaggregation of Revenue [Line Items]
Total revenues	$ 49	$ 54

REVENUES - Sub-Segment Revenues

REVENUES - Sub-Segment Revenues (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Disaggregation of Revenue [Line Items]
Consolidated revenues	$ 17,118	$ 19,490
GE Industrial
Disaggregation of Revenue [Line Items]
Consolidated revenues	16,329	18,844
Operating segments
Disaggregation of Revenue [Line Items]
Consolidated revenues	17,346	19,675
Operating segments | GE Industrial | Power
Disaggregation of Revenue [Line Items]
Consolidated revenues	3,921	4,025
Operating segments | GE Industrial | Power | Gas Power
Disaggregation of Revenue [Line Items]
Consolidated revenues	2,829	2,859
Operating segments | GE Industrial | Power | Power Portfolio
Disaggregation of Revenue [Line Items]
Consolidated revenues	1,091	1,165
Operating segments | GE Industrial | Renewable Energy
Disaggregation of Revenue [Line Items]
Consolidated revenues	3,248	3,194
Operating segments | GE Industrial | Renewable Energy | Onshore Wind
Disaggregation of Revenue [Line Items]
Consolidated revenues	2,118	2,124
Operating segments | GE Industrial | Renewable Energy | Grid Solutions equipment and services
Disaggregation of Revenue [Line Items]
Consolidated revenues	795	839
Operating segments | GE Industrial | Renewable Energy | Hydro
Disaggregation of Revenue [Line Items]
Consolidated revenues	165	179
Operating segments | GE Industrial | Renewable Energy | Offshore Wind and Hybrid Solutions
Disaggregation of Revenue [Line Items]
Consolidated revenues	169	51
Operating segments | GE Industrial | Aviation
Disaggregation of Revenue [Line Items]
Consolidated revenues	4,992	6,892
Operating segments | GE Industrial | Aviation | Commercial Engines & Services
Disaggregation of Revenue [Line Items]
Consolidated revenues	3,354	5,113
Operating segments | GE Industrial | Aviation | Military
Disaggregation of Revenue [Line Items]
Consolidated revenues	956	960
Operating segments | GE Industrial | Aviation | Systems & Other
Disaggregation of Revenue [Line Items]
Consolidated revenues	682	820
Operating segments | GE Industrial | Healthcare
Disaggregation of Revenue [Line Items]
Consolidated revenues	4,308	4,727
Operating segments | GE Industrial | Healthcare | Healthcare Systems
Disaggregation of Revenue [Line Items]
Consolidated revenues	3,825	3,448
Operating segments | GE Industrial | Healthcare | Pharmaceutical Diagnostics
Disaggregation of Revenue [Line Items]
Consolidated revenues	482	450
Operating segments | GE Industrial | Healthcare | BioPharma
Disaggregation of Revenue [Line Items]
Consolidated revenues	0	830
Operating segments | Capital
Disaggregation of Revenue [Line Items]
Consolidated revenues	878	837
Corporate items and industrial eliminations | GE Industrial
Disaggregation of Revenue [Line Items]
Consolidated revenues	(139)	6
Eliminations
Disaggregation of Revenue [Line Items]
Consolidated revenues	$ (89)	$ (191)

REVENUES - Remaining Performanc

REVENUES - Remaining Performance Obligation (Details) $ in Millions	Mar. 31, 2021USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	$ 226,962
Equipment
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	40,951
Services
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	$ 186,012

REVENUES - Remaining Performa_2

REVENUES - Remaining Performance Obligation (Percentage and Period) (Details)	Mar. 31, 2021
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)	62.00%
Performance obligations expected to be satisfied, expected timing	1 year
Equipment | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation expected to be satisfied (as a percent)	82.00%
Performance obligations expected to be satisfied, expected timing	2 years
Equipment | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-04-01
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]: 2021-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation expected to be satisfied (as a percent)	15.00%
Performance obligations expected to be satisfied, expected timing	1 year
Services | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation expected to be satisfied (as a percent)	47.00%
Performance obligations expected to be satisfied, expected timing	5 years
Services | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation expected to be satisfied (as a percent)	67.00%
Performance obligations expected to be satisfied, expected timing	10 years
Services | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2037-04-01
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	15 years

CONTRACT AND OTHER DEFERRED A_3

CONTRACT AND OTHER DEFERRED ASSETS & PROGRESS COLLECTIONS AND DEFERRED INCOME - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Capitalized Contract Cost [Line Items]
Increase in contract and other deferred assets	$ 153
Revenue recognized included in contract liability	5,909	$ 4,137
Power and Renewable Energy
Capitalized Contract Cost [Line Items]
Decrease in progress collections and deferred income due to timing of revenue recognition	431
Long-term | Services
Capitalized Contract Cost [Line Items]
Decrease due to billings	2,232
Revenues recognized	2,118
Long-term | Services | Aviation
Capitalized Contract Cost [Line Items]
Net favorable (unfavorable) change in estimated profitability	31
Long-term | Services | Power
Capitalized Contract Cost [Line Items]
Net favorable (unfavorable) change in estimated profitability	$ (8)

CONTRACT AND OTHER DEFERRED A_4

CONTRACT AND OTHER DEFERRED ASSETS & PROGRESS COLLECTIONS AND DEFERRED INCOME - Schedule of Contract Assets (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current contract assets	$ 5,821	$ 5,764
Non-current contract and other deferred assets	5,985	5,888
GE Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current contract assets	5,821	5,764
Non-current contract and other deferred assets	5,985	5,921
Operating Segments | GE Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current contract assets	5,821	5,764
Nonrecurring engineering costs	2,511	2,490
Customer advances and other	3,474	3,398
Non-current contract and other deferred assets	5,985	5,888
Total contract and other deferred assets	11,806	11,653
Operating Segments | GE Industrial | Service agreements
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues in excess of billings	8,134	8,354
Billings in excess of revenues	(6,888)	(7,015)
Operating Segments | GE Industrial | Service agreements | Long-term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current contract assets	1,246	1,338
Operating Segments | GE Industrial | Service agreements | Short-term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current contract assets	769	719
Operating Segments | GE Industrial | Equipment contract revenues
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current contract assets	3,805	3,707
Operating Segments | GE Industrial | Power
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current contract assets	5,845	5,786
Nonrecurring engineering costs	13	16
Customer advances and other	783	822
Non-current contract and other deferred assets	796	838
Total contract and other deferred assets	6,641	6,623
Operating Segments | GE Industrial | Power | Service agreements
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues in excess of billings	5,223	5,282
Billings in excess of revenues	(1,541)	(1,640)
Operating Segments | GE Industrial | Power | Service agreements | Long-term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current contract assets	3,682	3,642
Operating Segments | GE Industrial | Power | Service agreements | Short-term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current contract assets	139	129
Operating Segments | GE Industrial | Power | Equipment contract revenues
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current contract assets	2,024	2,015
Operating Segments | GE Industrial | Aviation
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current contract assets	(2,058)	(1,963)
Nonrecurring engineering costs	2,436	2,409
Customer advances and other	2,570	2,481
Non-current contract and other deferred assets	5,005	4,889
Total contract and other deferred assets	2,948	2,927
Operating Segments | GE Industrial | Aviation | Service agreements
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues in excess of billings	2,911	3,072
Billings in excess of revenues	(5,347)	(5,375)
Operating Segments | GE Industrial | Aviation | Service agreements | Long-term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current contract assets	(2,436)	(2,304)
Operating Segments | GE Industrial | Aviation | Service agreements | Short-term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current contract assets	342	282
Operating Segments | GE Industrial | Aviation | Equipment contract revenues
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current contract assets	36	59
Operating Segments | GE Industrial | Renewable Energy
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current contract assets	1,348	1,233
Nonrecurring engineering costs	33	34
Customer advances and other	0	0
Non-current contract and other deferred assets	33	34
Total contract and other deferred assets	1,381	1,268
Operating Segments | GE Industrial | 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 Industrial | Renewable Energy | Service agreements | Long-term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current contract assets	0	0
Operating Segments | GE Industrial | Renewable Energy | Service agreements | Short-term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current contract assets	109	106
Operating Segments | GE Industrial | Renewable Energy | Equipment contract revenues
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current contract assets	1,239	1,127
Operating Segments | GE Industrial | Healthcare
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current contract assets	454	479
Nonrecurring engineering costs	29	31
Customer advances and other	122	128
Non-current contract and other deferred assets	151	159
Total contract and other deferred assets	604	638
Operating Segments | GE Industrial | 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 Industrial | Healthcare | Service agreements | Long-term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current contract assets	0	0
Operating Segments | GE Industrial | Healthcare | Service agreements | Short-term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current contract assets	164	173
Operating Segments | GE Industrial | Healthcare | Equipment contract revenues
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current contract assets	289	306
Operating Segments | GE Industrial | Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current contract assets	232	229
Nonrecurring engineering costs	0	0
Customer advances and other	0	(32)
Non-current contract and other deferred assets	0	(32)
Total contract and other deferred assets	233	197
Operating Segments | GE Industrial | 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 Industrial | Other | Service agreements | Long-term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current contract assets	0	0
Operating Segments | GE Industrial | Other | Service agreements | Short-term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current contract assets	16	29
Operating Segments | GE Industrial | Other | Equipment contract revenues
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current contract assets	$ 217	$ 201

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	Mar. 31, 2021	Dec. 31, 2020
Capitalized Contract Cost [Line Items]
Progress collections and deferred income	$ 17,993	$ 18,371
Non-current deferred income	1,748	1,801
GE Industrial
Capitalized Contract Cost [Line Items]
Progress collections and deferred income	17,993	18,371
Non-current deferred income	1,748	1,801
Operating Segments | GE Industrial
Capitalized Contract Cost [Line Items]
Current deferred income	1,844	1,757
Progress collections and deferred income	17,993	18,371
Non-current deferred income	1,748	1,801
Total Progress collections and deferred income	19,741	20,172
Operating Segments | GE Industrial | Equipment
Capitalized Contract Cost [Line Items]
Progress collections	6,414	6,362
Operating Segments | GE Industrial | Other
Capitalized Contract Cost [Line Items]
Progress collections	9,735	10,252
Operating Segments | GE Industrial | Power
Capitalized Contract Cost [Line Items]
Current deferred income	16	17
Progress collections and deferred income	5,217	5,393
Non-current deferred income	118	116
Total Progress collections and deferred income	5,335	5,509
Operating Segments | GE Industrial | Power | Equipment
Capitalized Contract Cost [Line Items]
Progress collections	4,829	4,918
Operating Segments | GE Industrial | Power | Other
Capitalized Contract Cost [Line Items]
Progress collections	371	458
Operating Segments | GE Industrial | Aviation
Capitalized Contract Cost [Line Items]
Current deferred income	122	132
Progress collections and deferred income	4,802	4,969
Non-current deferred income	855	898
Total Progress collections and deferred income	5,657	5,867
Operating Segments | GE Industrial | Aviation | Equipment
Capitalized Contract Cost [Line Items]
Progress collections	197	214
Operating Segments | GE Industrial | Aviation | Other
Capitalized Contract Cost [Line Items]
Progress collections	4,483	4,623
Operating Segments | GE Industrial | Renewable Energy
Capitalized Contract Cost [Line Items]
Current deferred income	219	194
Progress collections and deferred income	5,949	6,028
Non-current deferred income	211	214
Total Progress collections and deferred income	6,160	6,241
Operating Segments | GE Industrial | Renewable Energy | Equipment
Capitalized Contract Cost [Line Items]
Progress collections	1,388	1,229
Operating Segments | GE Industrial | Renewable Energy | Other
Capitalized Contract Cost [Line Items]
Progress collections	4,343	4,604
Operating Segments | GE Industrial | Healthcare
Capitalized Contract Cost [Line Items]
Current deferred income	1,392	1,309
Progress collections and deferred income	1,808	1,724
Non-current deferred income	555	564
Total Progress collections and deferred income	2,363	2,288
Operating Segments | GE Industrial | Healthcare | Equipment
Capitalized Contract Cost [Line Items]
Progress collections	0	0
Operating Segments | GE Industrial | Healthcare | Other
Capitalized Contract Cost [Line Items]
Progress collections	416	414
Operating Segments | GE Industrial | Other
Capitalized Contract Cost [Line Items]
Current deferred income	95	105
Progress collections and deferred income	217	257
Non-current deferred income	9	10
Total Progress collections and deferred income	226	267
Operating Segments | GE Industrial | Other | Equipment
Capitalized Contract Cost [Line Items]
Progress collections	0	0
Operating Segments | GE Industrial | Other | Other
Capitalized Contract Cost [Line Items]
Progress collections	$ 121	$ 152

ALL OTHER ASSETS (Details)

ALL OTHER ASSETS (Details) $ in Millions	3 Months Ended
	Mar. 31, 2021USD ($)
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Increase in other non-current assets	$ 1,270
Increase in insurance cash and cash equivalents	$ 1,252

BORROWINGS - Schedule of Borrow

BORROWINGS - Schedule of Borrowings (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Short-term borrowings
Total short-term borrowings	$ 4,468	$ 4,713
Eliminations	(2,061)	(3,033)
Long-term borrowings
Total long-term borrowings	66,890	70,189
Eliminations	(16,577)	(16,780)
Total borrowings	71,358	74,902
GE Industrial
Short-term borrowings
Total short-term borrowings	2,318	3,350
Long-term borrowings
Total long-term borrowings	38,929	39,386
GE Industrial | Senior notes
Long-term borrowings
Total long-term borrowings	18,753	18,994
GE Industrial | Senior notes assumed by GE
Long-term borrowings
Total long-term borrowings	17,981	18,178
GE Industrial | Subordinated notes assumed by GE
Long-term borrowings
Total long-term borrowings	1,774	1,779
GE Industrial | Other
Long-term borrowings
Total long-term borrowings	422	435
GE Industrial | Current portion of long-term borrowings
Short-term borrowings
Total short-term borrowings	47	36
GE Industrial | Current portion of long-term borrowings assumed by GE
Short-term borrowings
Total short-term borrowings	1,784	2,432
GE Industrial | Other
Short-term borrowings
Total short-term borrowings	488	882
GE Capital
Short-term borrowings
Total short-term borrowings	4,210	4,395
Long-term borrowings
Total long-term borrowings	44,539	47,584
GE Capital | Senior notes
Long-term borrowings
Total long-term borrowings	27,292	30,132
GE Capital | Subordinated notes assumed by GE
Long-term borrowings
Total long-term borrowings	148	189
GE Capital | Intercompany payable to GE
Long-term borrowings
Total long-term borrowings	16,577	16,780
GE Capital | Non-recourse borrowings of consolidated securitization entities
Long-term borrowings
Total long-term borrowings	0	0
GE Capital | Other
Long-term borrowings
Total long-term borrowings	521	483
GE Capital | Current portion of long-term borrowings
Short-term borrowings
Total short-term borrowings	1,743	788
GE Capital | Intercompany payable to GE
Short-term borrowings
Total short-term borrowings	1,784	2,432
GE Capital | Other
Short-term borrowings
Total short-term borrowings	59	283
GE Capital | Non-recourse borrowings of consolidated securitization entities
Short-term borrowings
Total short-term borrowings	$ 624	$ 892

BORROWINGS - Narrative (Details

BORROWINGS - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
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	18,361
GE Industrial
Guarantor Obligations [Line Items]
Total borrowings	22,886
Short-term borrowings assumed by GE	1,784	2,432
Long-term borrowings assumed by GE	19,754	19,957
GE Industrial | GE Issued Borrowings
Guarantor Obligations [Line Items]
Total borrowings	19,709
GE Industrial | Intercompany Loan | GE Capital
Guarantor Obligations [Line Items]
Total borrowings	3,177
GE Capital
Guarantor Obligations [Line Items]
Short-term borrowings assumed by GE	1,784	2,432
Long-term borrowings assumed by GE	16,577	16,780
GE Capital | Non-recourse borrowings of consolidated securitization entities
Guarantor Obligations [Line Items]
Debt assumed by GE upon merger	27,332	$ 28,503
GE Capital | GE Capital Exit Plan
Guarantor Obligations [Line Items]
Total borrowings	21,538
Short-term borrowings assumed by GE	1,784
Long-term borrowings assumed by GE	$ 19,754

INSURANCE LIABILITIES AND ANN_3

INSURANCE LIABILITIES AND ANNUITY BENEFITS - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Disaggregation of Revenue [Line Items]
Total revenues	$ 17,118	$ 19,490
Assets	245,164		$ 256,211
Claims incurred	454	507
Paid claims	424	405
Reinsurance recoverables, allowances	1,540		1,510
Reinsurance recoverables, net	2,592		2,552
Run-off Insurance Operations | GE Capital
Disaggregation of Revenue [Line Items]
Total revenues	775	616
Gross profit (loss)	116	$ (93)
Assets	$ 50,353		$ 50,824

INSURANCE LIABILITIES AND ANN_4

INSURANCE LIABILITIES AND ANNUITY BENEFITS - Schedule of Investment Contracts, Insurance Liabilities and Insurance Annuity Benefits (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Liability for Claims and Claims Adjustment Expense [Line Items]
Future policy benefit reserves	$ 31,864	$ 34,482
Claim reserves	5,765	5,736
Investment contracts	2,021	2,049
Unearned premiums and other	353	298
Future policy benefit reserves, investment contracts, claim reserves and unearned premiums and other	40,004	42,565
Eliminations	(442)	(374)
Total	39,562	42,191
Other adjustments	5,580	8,160
Decrease in insurance liabilities and annuity benefits	2,580
Long-term care
Liability for Claims and Claims Adjustment Expense [Line Items]
Future policy benefit reserves	16,997	16,934
Claim reserves	4,397	4,393
Investment contracts	0	0
Unearned premiums and other	16	19
Future policy benefit reserves, investment contracts, claim reserves and unearned premiums and other	21,409	21,346
Total	21,409	21,346
Structured settlement annuities & life
Liability for Claims and Claims Adjustment Expense [Line Items]
Future policy benefit reserves	9,105	9,207
Claim reserves	306	275
Investment contracts	1,018	1,034
Unearned premiums and other	191	189
Future policy benefit reserves, investment contracts, claim reserves and unearned premiums and other	10,620	10,705
Total	10,620	10,705
Other contracts
Liability for Claims and Claims Adjustment Expense [Line Items]
Future policy benefit reserves	183	181
Claim reserves	1,062	1,068
Investment contracts	1,003	1,016
Unearned premiums and other	147	89
Future policy benefit reserves, investment contracts, claim reserves and unearned premiums and other	2,395	2,354
Eliminations	(442)	(374)
Total	$ 1,953	$ 1,980

POSTRETIREMENT BENEFIT PLANS -

POSTRETIREMENT BENEFIT PLANS - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2021USD ($)category	Mar. 31, 2020USD ($)
Defined Benefit Plan Disclosure [Line Items]
Number of categories | category	3
Defined contribution plan costs	$ 108	$ 95
Principal retiree benefit plans
Defined Benefit Plan Disclosure [Line Items]
Plans cost (income)	(40)	(32)
Other pension plans
Defined Benefit Plan Disclosure [Line Items]
Plans cost (income)	$ (24)	$ 7

POSTRETIREMENT BENEFIT PLANS _2

POSTRETIREMENT BENEFIT PLANS - Effect on Operations of Pension Plans (Details) - Principal pension plans - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Service cost for benefits earned	$ 64	$ 153
Prior service cost amortization	7	37
Expected return on plan assets	(763)	(748)
Interest cost on benefit obligations	486	587
Net actuarial loss amortization	864	848
Plans cost (income)	$ 658	$ 877

CURRENT AND ALL OTHER LIABILI_2

CURRENT AND ALL OTHER LIABILITIES (Details) - GE $ in Millions	3 Months Ended
	Mar. 31, 2021USD ($)
Subsidiary or Equity Method Investee [Line Items]
Decrease other liabilities	$ 486
Decrease in accrued interest	132
Alstom Legacy Matters
Subsidiary or Equity Method Investee [Line Items]
Gain on settlement	$ 199

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2019
Income Tax Contingency [Line Items]
Effective income tax rate	59.70%	0.90%
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	$ 1,100

SHAREHOLDERS' EQUITY - Schedule

SHAREHOLDERS' EQUITY - Schedule of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	$ 37,073
Other comprehensive income (loss)	859	$ 918
Ending balance	$ 35,153	$ 36,859
Dividends declared per common share (in dollars per share)	$ 0.01	$ 0.01
Adjustments to investment securities before reclassifications	$ 2,038	$ 1,267
Accumulated other comprehensive income (loss)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	(9,749)	(11,732)
Ending balance	(8,893)	(10,819)
Investment securities including noncontrolling interests
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	60	61
AOCI before reclass, net of taxes	(29)	6
Reclass from AOCI, net of taxes	11	(47)
Other comprehensive income (loss)	(18)	(41)
AOCI before reclass, taxes	(7)	0
Reclass from AOCI, taxes	4	(12)
Investment securities attributable to noncontrolling interests
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Other comprehensive income (loss)	0	0
Investment securities
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Other comprehensive income (loss)	(18)	(41)
Ending balance	42	20
Currency translation adjustments including noncontrolling interests
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	(4,386)	(4,818)
AOCI before reclass, net of taxes	110	(554)
Reclass from AOCI, net of taxes	0	690
Other comprehensive income (loss)	110	135
AOCI before reclass, taxes	(57)	(5)
Reclass from AOCI, taxes	0	0
Currency translation adjustments attributable to noncontrolling interests
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Other comprehensive income (loss)	2	2
Currency translation adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Other comprehensive income (loss)	108	133
Ending balance	(4,278)	(4,685)
Cash flow hedges including noncontrolling interests
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	(28)	49
AOCI before reclass, net of taxes	39	(262)
Reclass from AOCI, net of taxes	23	51
Other comprehensive income (loss)	62	(211)
AOCI before reclass, taxes	4	(45)
Reclass from AOCI, taxes	10	8
Cash flow hedges attributable to noncontrolling interests
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Other comprehensive income (loss)	0	0
Cash flow hedges
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Other comprehensive income (loss)	62	(211)
Ending balance	34	(163)
Benefit plans including noncontrolling interests
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	(5,395)	(7,024)
AOCI before reclass, net of taxes	16	219
Reclass from AOCI, net of taxes	689	817
Other comprehensive income (loss)	705	1,035
AOCI before reclass, taxes	(47)	30
Reclass from AOCI, taxes	194	239
Benefit plans attributable to noncontrolling interests
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Other comprehensive income (loss)	1	3
Benefit plans
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Other comprehensive income (loss)	704	1,032
Ending balance	$ (4,691)	(5,991)
BioPharma | Benefit plans including noncontrolling interests
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Reclass from AOCI, net of taxes		836
Currency translation, net of taxes		$ 688

SHAREHOLDERS' EQUITY - Narrativ

SHAREHOLDERS' EQUITY - Narrative (Details) - USD ($) $ in Millions	Jan. 21, 2021	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020
Class of Stock [Line Items]
Preferred stock issued		$ 6	$ 6	$ 6
Redeemable noncontrolling interests		451	$ 487
Series D Preferred Stock
Class of Stock [Line Items]
Preferred stock, fixed dividend rate	5.00%
Series D Preferred Stock | LIBOR
Class of Stock [Line Items]
Preferred stock, basis spread on variable rate	3.33%
GE Industrial
Class of Stock [Line Items]
Preferred stock issued		5,930
Increased preferred stock		5,940
GE Industrial | Series D Preferred Stock
Class of Stock [Line Items]
Preferred stock issued		$ 5,694

EARNINGS PER SHARE INFORMATIO_2

EARNINGS PER SHARE INFORMATION (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Diluted
Earnings from continuing operations for per-share calculation	$ 90	$ 6,202
Preferred stock dividends	(72)	(43)
Accretion of redeemable noncontrolling interests, net of tax	2	0
Earnings from continuing operations attributable to common shareowners for per-share calculation	20	6,158
Earnings (loss) from discontinued operations for per-share calculation	(2,897)	(19)
Net earnings (loss) attributable to GE common shareowners for per-share calculation	$ (2,874)	$ 6,140
Employee compensation-related shares (including stock options) (in shares)	35	7
Total average equivalent shares (in shares)	8,807	8,749
Earnings per share from continuing operations (in dollars per share)	$ 0	$ 0.70
Earnings (loss) per share from discontinued operations (in dollars per share)	(0.33)	0
Net earnings (loss) per share (in dollars per share)	$ (0.33)	$ 0.70
Potentially dilutive securities	370	422
Basic
Earnings from continuing operations for per-share calculation	$ 92	$ 6,202
Preferred stock dividends	(72)	(43)
Accretion of redeemable noncontrolling interests, net of tax	2	0
Earnings from continuing operations attributable to common shareowners for per-share calculation	22	6,158
Earnings (loss) from discontinued operations for per-share calculation	(2,894)	(19)
Net earnings (loss) attributable to GE common shareowners for per-share calculation	$ (2,872)	$ 6,140
Total average equivalent shares (in shares)	8,772	8,742
Earnings per share from continuing operations (in dollars per share)	$ 0	$ 0.70
Earnings (loss) per share from discontinued operations (in dollars per share)	(0.33)	0
Net earnings (loss) per share (in dollars per share)	$ (0.33)	$ 0.70

FINANCIAL INSTRUMENTS - Assets

FINANCIAL INSTRUMENTS - Assets and Liabilities Not Carried at Fair Value (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Liabilities
Borrowings (Note 12)	$ 71,358	$ 74,902
Investment contracts (Note 13)	2,021	2,049
Carrying amount (net)
Assets
Loans and other receivables	2,901	2,904
Liabilities
Borrowings (Note 12)	71,358	74,902
Investment contracts (Note 13)	2,021	2,049
Estimated fair value
Assets
Loans and other receivables	3,066	3,125
Liabilities
Borrowings (Note 12)	81,967	86,001
Investment contracts (Note 13)	2,402	2,547
Accrued interest	$ 1,178	$ 898

FINANCIAL INSTRUMENTS - Derivat

FINANCIAL INSTRUMENTS - Derivatives and Hedging, Narrative (Details) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Derivative [Line Items]
Total gross notional amount	$ 91,921,000,000	$ 95,647,000,000
Cash collateral received	31,000,000	3,000,000
Cash collateral posted	723,000,000	805,000,000
Net accrued interest	159,000,000	292,000,000
Net cash collateral posted	693,000,000	802,000,000
Excess securities collateral received	15,000,000	0
GE Industrial
Derivative [Line Items]
Total gross notional amount	48,153,000,000	50,202,000,000
GE Capital
Derivative [Line Items]
Total gross notional amount	43,768,000,000	45,445,000,000
Net cash collateral received on derivatives	1,542,000,000	3,289,000,000
Cash collateral received	2,313,000,000	4,203,000,000
Cash collateral posted	771,000,000	914,000,000
GE Capital | Interest rate contracts
Derivative [Line Items]
Net cash collateral received on derivatives	$ 584,000,000	$ 1,968,000,000

FINANCIAL INSTRUMENTS - Fair Va

FINANCIAL INSTRUMENTS - Fair Value of Derivatives (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Derivative [Line Items]
Gross Notional	$ 91,921	$ 95,647
All other assets
Gross derivatives	2,899	3,069
Netting and credit adjustments	(729)	(647)
Cash collateral adjustments	(1,497)	(1,935)
Net derivatives recognized in statement of financial position	673	487
Net accrued interest	24	0
Securities held as collateral	(174)	(2)
Net amount	522	484
All other liabilities
Gross derivatives	1,007	1,121
Netting and credit adjustments	(729)	(647)
Cash collateral adjustments	(6)	(104)
Net derivatives recognized in statement of financial position	271	369
Net accrued interest	(19)	0
Securities held as collateral	0	0
Net amount	252	369
Derivatives accounted for as hedges
Derivative [Line Items]
Gross Notional	27,096	27,886
All other assets
Gross derivatives	1,597	2,076
All other liabilities
Gross derivatives	81	132
Derivatives accounted for as hedges | Interest rate contracts
Derivative [Line Items]
Gross Notional	20,395	20,500
All other assets
Gross derivatives	1,404	1,912
All other liabilities
Gross derivatives	16	7
Derivatives accounted for as hedges | Currency exchange contracts
Derivative [Line Items]
Gross Notional	6,701	7,387
All other assets
Gross derivatives	193	164
All other liabilities
Gross derivatives	65	125
Derivatives not accounted for as hedges
Derivative [Line Items]
Gross Notional	64,825	67,761
All other assets
Gross derivatives	1,302	993
All other liabilities
Gross derivatives	926	989
Derivatives not accounted for as hedges | Interest rate contracts
Derivative [Line Items]
Gross Notional	361	346
All other assets
Gross derivatives	14	8
All other liabilities
Gross derivatives	7	(1)
Derivatives not accounted for as hedges | Currency exchange contracts
Derivative [Line Items]
Gross Notional	62,369	65,379
All other assets
Gross derivatives	967	767
All other liabilities
Gross derivatives	911	918
Derivatives not accounted for as hedges | Other contracts
Derivative [Line Items]
Gross Notional	2,095	2,036
All other assets
Gross derivatives	322	218
All other liabilities
Gross derivatives	$ 7	$ 71

FINANCIAL INSTRUMENTS - Fair _2

FINANCIAL INSTRUMENTS - Fair Value Hedges (Details) - USD ($) $ in Millions	Mar. 31, 2021	Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Cumulative amount of fair value hedging adjustments	$ 3,826	$ 6,527
Cumulative amount of fair value hedging on discontinued hedging relationships	2,330	2,348
Hedged liability	$ 26,926	$ 41,735

FINANCIAL INSTRUMENTS - Cash Fl

FINANCIAL INSTRUMENTS - Cash Flow Hedges (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Gain (loss) recognized in AOCI	$ 36	$ (313)
Pre-tax gain (loss) in AOCI related to cash flow hedges of forecasted transactions	62
Gain expected to be transferred to earnings as an expense	4
Pre-tax loss in AOCI related to missed cash flow hedges of forecasted transactions	$ 0	$ 18
Maximum term of hedged forecasted transactions	14 years	15 years

FINANCIAL INSTRUMENTS - Net Inv

FINANCIAL INSTRUMENTS - Net Investment Hedges (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Derivative [Line Items]
Gain (loss) recognized in AOCI on hedging instruments	$ 272,000,000	$ 158,000,000
Reclassified from AOCI into earnings, investment hedges	0	0
Foreign currency debt
Derivative [Line Items]
Carrying value designated as net investment hedges	$ 8,106,000,000	$ 9,145,000,000

FINANCIAL INSTRUMENTS - Effects

FINANCIAL INSTRUMENTS - Effects of Derivative Financial Instruments (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total revenues	$ 17,118	$ 19,490
Cost of sales	12,538	14,426
Interest and other financial charges	500	561
SG&A	2,891	3,061
Other income (Note 23)	626	6,869
Fair Value Hedges
Gain (loss) excluded for cash flow hedges	(16)	15
Revenues
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total effect of cash flow hedges	(21)	(21)
Fair Value Hedges
Total effect of derivatives not designated as hedges	305	(547)
Cost of sales
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total effect of cash flow hedges	(4)	(25)
Fair Value Hedges
Total effect of derivatives not designated as hedges	0	13
Interest Expense
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total effect of cash flow hedges	(8)	(10)
Fair Value Hedges
Hedged items	1,843	(2,480)
Derivatives designated as hedging instruments	(1,899)	2,511
Total effect of fair value hedges	(56)	31
Total effect of derivatives not designated as hedges	(9)	(9)
SG&A
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total effect of cash flow hedges	0	(3)
Fair Value Hedges
Total effect of derivatives not designated as hedges	114	(106)
Other Income
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total effect of cash flow hedges	0	0
Fair Value Hedges
Total effect of derivatives not designated as hedges	56	(12)
Interest rate contracts | Revenues
Fair Value Hedges
Total effect of derivatives not designated as hedges	1	(26)
Interest rate contracts | Cost of sales
Fair Value Hedges
Total effect of derivatives not designated as hedges	0	0
Interest rate contracts | Interest Expense
Fair Value Hedges
Total effect of derivatives not designated as hedges	(9)	(9)
Interest rate contracts | SG&A
Fair Value Hedges
Total effect of derivatives not designated as hedges	0	0
Interest rate contracts | Other Income
Fair Value Hedges
Total effect of derivatives not designated as hedges	(1)	0
Currency exchange contracts | Revenues
Fair Value Hedges
Total effect of derivatives not designated as hedges	303	(521)
Currency exchange contracts | Cost of sales
Fair Value Hedges
Total effect of derivatives not designated as hedges	0	13
Currency exchange contracts | Interest Expense
Fair Value Hedges
Total effect of derivatives not designated as hedges	0	0
Currency exchange contracts | SG&A
Fair Value Hedges
Total effect of derivatives not designated as hedges	59	54
Currency exchange contracts | Other Income
Fair Value Hedges
Total effect of derivatives not designated as hedges	38	11
Other | Revenues
Fair Value Hedges
Total effect of derivatives not designated as hedges	0	0
Other | Cost of sales
Fair Value Hedges
Total effect of derivatives not designated as hedges	0	0
Other | Interest Expense
Fair Value Hedges
Total effect of derivatives not designated as hedges	0	0
Other | SG&A
Fair Value Hedges
Total effect of derivatives not designated as hedges	55	(160)
Other | Other Income
Fair Value Hedges
Total effect of derivatives not designated as hedges	$ 19	$ (22)

FINANCIAL INSTRUMENTS - Counter

FINANCIAL INSTRUMENTS - Counterparty Credit Risk (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Derivative [Line Items]
Net amount	$ 252	$ 369
Counterparty credit risk
Derivative [Line Items]
Exposure to counterparties including interest net collateral, excluding embedded derivatives	404	392
Net amount	$ 186	$ 307

VARIABLE INTEREST ENTITIES (Det

VARIABLE INTEREST ENTITIES (Details) $ in Millions	3 Months Ended
	Mar. 31, 2021USD ($)entity	Dec. 31, 2020USD ($)
Variable Interest Entity [Line Items]
Assets	$ 245,164	$ 256,211
Liabilities	210,011	219,138
Consolidated VIE
Variable Interest Entity [Line Items]
Assets	1,712	1,733
Liabilities	454	657
Unconsolidated VIEs
Variable Interest Entity [Line Items]
Assets	3,371	3,230
Unconsolidated VIEs | EFS
Variable Interest Entity [Line Items]
Assets	1,120	1,141
Unconsolidated VIEs | Insurance
Variable Interest Entity [Line Items]
Assets	$ 2,024	$ 1,833
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	3 Months Ended
	Mar. 31, 2021USD ($)aircraft
GE Capital | Investment Commitments
Long-term Purchase Commitment [Line Items]
Commitments	$ 2,551
GE Capital | Thermal and Wind Energy Projects
Long-term Purchase Commitment [Line Items]
Commitments	769
GE Capital | Run-off Insurance Operations
Long-term Purchase Commitment [Line Items]
Commitments	1,782
GE Capital | Thermal and Wind Energy Projects, Unconsolidated VIE Investment Commitment
Long-term Purchase Commitment [Line Items]
Commitments	447
GE Capital | Run-off Insurance Operations, Unconsolidated VIE Investment Commitment
Long-term Purchase Commitment [Line Items]
Commitments	1,632
GECAS | Aircraft with GE Engines
Long-term Purchase Commitment [Line Items]
Long-term purchase commitments	26,118
Advances for pre-delivery payments	$ 2,647
GECAS | New Aircraft
Long-term Purchase Commitment [Line Items]
Number of aircrafts for delivery | aircraft	269
Percentage of aircrafts to be delivered in first year	18.00%
Percentage of aircrafts to be delivered in second year	18.00%
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	$ 1,146
Number of aircrafts for delivery | aircraft	26
Percentage of aircrafts to be delivered in first year	62.00%
Percentage of aircrafts to be delivered in second year	27.00%
Percentage of aircrafts to be delivered in third year	11.00%
Aviation
Long-term Purchase Commitment [Line Items]
Financial assistance commitment	$ 2,241

COMMITMENTS, GUARANTEES, PROD_3

COMMITMENTS, GUARANTEES, PRODUCT WARRANTIES AND OTHER LOSS CONTINGENCIES - Guarantees (Details) - Indemnification agreements $ in Millions	Mar. 31, 2021USD ($)
Guarantor Obligations [Line Items]
Maximum potential claim	$ 597
Related reserves	$ 86

COMMITMENTS, GUARANTEES, PROD_4

COMMITMENTS, GUARANTEES, PRODUCT WARRANTIES AND OTHER LOSS CONTINGENCIES - Product Warranties (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Liability for product warranties	$ 1,975	$ 2,054

COMMITMENTS, GUARANTEES, PROD_5

COMMITMENTS, GUARANTEES, PRODUCT WARRANTIES AND OTHER LOSS CONTINGENCIES - Alstom Legacy Matters (Details) € in Millions, $ in Millions	1 Months Ended
	Mar. 31, 2021USD ($)	Jan. 31, 2017USD ($)	Nov. 30, 2015significant_case	Dec. 31, 2014USD ($)	Jan. 31, 2007EUR (€)	Dec. 31, 2020USD ($)	Nov. 02, 2015USD ($)
Loss Contingencies [Line Items]
Damages sought		$ 430
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	$ 307			$ 772
Reserve established for legal and compliance matters	$ 659					$ 858	$ 858

COMMITMENTS, GUARANTEES, PROD_6

COMMITMENTS, GUARANTEES, PRODUCT WARRANTIES AND OTHER LOSS CONTINGENCIES - Shareholder and Related Lawsuits (Details)	1 Months Ended
	Feb. 28, 2019plantiff	Mar. 31, 2021claim	Mar. 31, 2019claim	Nov. 30, 2018
Shareholder Derivative Lawsuits
Loss Contingencies [Line Items]
Number of pending lawsuits		4
Touchstone
Loss Contingencies [Line Items]
Number of institutional investors seeking damages | plantiff	6
Baker Hughes Case
Loss Contingencies [Line Items]
Number of pending lawsuits			2
Baker Hughes | Baker Hughes Case
Loss Contingencies [Line Items]
Ownership interest				12.00%

COMMITMENTS, GUARANTEES, PROD_7

COMMITMENTS, GUARANTEES, PRODUCT WARRANTIES AND OTHER LOSS CONTINGENCIES - Bank BPH (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Related Party Transaction [Line Items]
Total portfolio carrying value	$ 245,164	$ 256,211
Bank BPH | Bank BPH
Related Party Transaction [Line Items]
Percentage indexed to or denominated in foreign currencies	86.00%
Total portfolio carrying value	$ 1,986
Estimate loss		$ 465

INTERCOMPANY TRANSACTIONS (Deta

INTERCOMPANY TRANSACTIONS (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Related Party Transaction [Line Items]
Operating activities	$ (2,640)	$ (919)
Investing activities	847	20,025
Financing activities	(1,608)	(7,962)
Combined GE Industrial and GE Capital cash flows
Related Party Transaction [Line Items]
Operating activities	(2,970)	(1,138)
Investing activities	1,747	20,776
Financing activities	(2,178)	(8,494)
Combined GE Industrial and GE Capital cash flows | GE current receivables sold to GE Capital
Related Party Transaction [Line Items]
Operating activities	211	(997)
Investing activities	(448)	945
Financing activities	237	52
Combined GE Industrial and GE Capital cash flows | GE Industrial long-term receivables sold to GE Capital
Related Party Transaction [Line Items]
Operating activities	67	135
Investing activities	(67)	(135)
Financing activities	0	0
Combined GE Industrial and GE Capital cash flows | Supply chain finance programs
Related Party Transaction [Line Items]
Operating activities	120	884
Investing activities	(120)	(884)
Financing activities	0	0
Combined GE Industrial and GE Capital cash flows | Affiliated Entity | GE current receivables sold to GE Capital
Related Party Transaction [Line Items]
Volume of current receivables sold to related party	3,218	3,972
Collections on current receivables sold to related party	3,429	2,975
Other reclassifications and eliminations
Related Party Transaction [Line Items]
Operating activities	(68)	197
Investing activities	(265)	(677)
Financing activities	$ 333	$ 480

OTHER INCOME (Details)

OTHER INCOME (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total	$ 626	$ 6,869
Pre-tax unrealized gain (loss)	238	(5,772)
BioPharma | Disposed of by sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Pretax gain on sale		12,292
Gain on sale, after tax		11,145
GE
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Purchases and sales of business interests	3	12,372
Sales	48	42
Associated companies	16	39
Net interest and investment income (loss)	439	(5,632)
Other items	116	53
Total	623	6,874
Eliminations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total	3	(4)
Baker Hughes
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Pre-tax unrealized gain (loss)	296	(5,710)
After-tax unrealized gain (loss)	$ 188	$ (4,631)

SEGMENT OPERATIONS (Details)

SEGMENT OPERATIONS (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Segment Reporting Information [Line Items]
Total revenues	$ 17,118	$ 19,490
Revenues, V%	(12.00%)
GE interest and other financial charges	$ (500)	(561)
GE non-operating benefit costs	(430)	(618)
GE Industrial benefit (provision) for income taxes	(142)	(54)
Earnings (loss) from continuing operations attributable to GE common shareowners	20	6,175
Earnings (loss) from discontinued operations, net of taxes	(2,894)	(21)
Less net earnings attributable to noncontrolling interests, discontinued operations	0	(2)
Earnings (loss) from discontinued operations, net of tax and noncontrolling interest	(2,894)	(19)
Net earnings (loss) attributable to GE common shareholders	(2,874)	6,156
Operating Segments
Segment Reporting Information [Line Items]
Total revenues	$ 17,346	19,675
Revenues, V%	(12.00%)
Segment profit (loss)	$ 847	1,224
Segment profit (loss), V%	(31.00%)
Operating Segments | Power
Segment Reporting Information [Line Items]
Total revenues	$ 3,921	4,025
Revenues, V%	(3.00%)
Segment profit (loss)	$ (87)	(131)
Segment profit (loss), V%	34.00%
Operating Segments | Renewable Energy
Segment Reporting Information [Line Items]
Total revenues	$ 3,248	3,194
Revenues, V%	2.00%
Segment profit (loss)	$ (234)	(327)
Segment profit (loss), V%	28.00%
Operating Segments | Aviation
Segment Reporting Information [Line Items]
Total revenues	$ 4,992	6,892
Revenues, V%	(28.00%)
Segment profit (loss)	$ 641	1,003
Segment profit (loss), V%	(36.00%)
Operating Segments | Healthcare
Segment Reporting Information [Line Items]
Total revenues	$ 4,308	4,727
Revenues, V%	(9.00%)
Segment profit (loss)	$ 698	867
Segment profit (loss), V%	(19.00%)
Operating Segments | Capital
Segment Reporting Information [Line Items]
Total revenues	$ 878	837
Revenues, V%	5.00%
Segment profit (loss)	$ (172)	(187)
Segment profit (loss), V%	8.00%
Corporate Items and Eliminations
Segment Reporting Information [Line Items]
Total revenues	$ (228)	(185)
Revenues, V%	(23.00%)
Segment profit (loss)	$ 52	6,123
Segment profit (loss), V%	(99.00%)
Segment Reconciling Items
Segment Reporting Information [Line Items]
GE interest and other financial charges	$ (268)	(370)
GE interest and other financial charges, V%	28.00%
GE non-operating benefit costs	$ (433)	(616)
GE non-operating benefit costs, V%	30.00%
GE Industrial benefit (provision) for income taxes	$ (148)	$ (187)
GE Industrial benefit (provision) for income taxes, V%	21.00%