General Electric (GE) 10-Q 26 Apr 22 2022 Q1 Quarterly report Financial data

COVER

COVER	3 Months Ended
	Mar. 31, 2022shares
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
Document Transition Report	false
Entity File Number	001-00035
Entity Registrant Name	GENERAL ELECTRIC COMPANY
Entity Central Index Key	0000040545
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
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	1,100,664,978
Common Stock
Entity Information [Line Items]
Title of 12(b) Security	Common stock, par value $0.01 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, 2022	Mar. 31, 2021
Revenues
Insurance revenues	$ 767	$ 755
Total revenues (Note 8)	17,040	17,071
Costs and expenses
Selling, general and administrative expenses	3,651	2,894
Separation costs	119	0
Research and development	641	561
Interest and other financial charges	406	500
Insurance losses, annuity benefits and other costs (Note 12)	504	583
Non-operating benefit cost (income)	(137)	430
Total costs and expenses	17,638	17,506
Other income (Note 18)	73	673
Earnings (loss) from continuing operations before income taxes	(525)	238
Benefit (provision) for income taxes	(204)	(142)
Earnings (loss) from continuing operations	(729)	97
Earnings (loss) from discontinued operations, net of taxes (Note 2)	(286)	(2,894)
Net earnings (loss)	(1,014)	(2,798)
Less net earnings (loss) attributable to noncontrolling interests	28	5
Net earnings (loss) attributable to the Company	(1,042)	(2,802)
Preferred stock dividends	(52)	(72)
Net earnings (loss) attributable to GE common shareholders	(1,094)	(2,874)
Amounts attributable to GE common shareholders
Earnings (loss) from continuing operations	(729)	97
Less net earnings (loss) attributable to noncontrolling interests, continuing operations	28	5
Earnings (loss) from continuing operations attributable to the Company	(757)	92
Preferred stock dividends	(52)	(72)
Earnings (loss) from continuing operations attributable to GE common shareholders	(809)	20
Earnings (loss) from discontinued operations attributable to GE common shareholders	(286)	(2,894)
Net earnings (loss) attributable to GE common shareholders	$ (1,094)	$ (2,874)
Earnings (loss) per share from continuing operations (Note 17)
Diluted earnings (loss) per share (in dollars per share)	$ (0.74)	$ 0.02
Basic earnings (loss) per share (in dollars per share)	(0.74)	0.02
Net earnings (loss) per share (Note 17)
Diluted earnings (loss) per share (in dollars per share)	(0.99)	(2.61)
Basic earnings (loss) per share (in dollars per share)	$ (0.99)	$ (2.62)
Equipment
Revenues
Sales	$ 6,864	$ 7,971
Costs and expenses
Cost of sales	6,749	7,579
Services
Revenues
Sales	9,408	8,345
Costs and expenses
Cost of sales	$ 5,704	$ 4,958

STATEMENT OF FINANCIAL POSITION

STATEMENT OF FINANCIAL POSITION (UNAUDITED) - USD ($) $ in Millions		Mar. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Cash, cash equivalents and restricted cash	[1]	$ 12,842	$ 15,770
Investment securities (Note 3)		10,779	12,297
Current receivables (Note 4)		16,050	15,620
Inventories, including deferred inventory costs (Note 5)		16,570	15,847
Current contract assets (Note 9)		4,246	4,881
All other current assets (Note 10)		2,065	1,933
Assets of businesses held for sale (Note 2)		747	0
Current assets		63,299	66,348
Investment securities (Note 3)		39,845	42,209
Property, plant and equipment – net (Note 6)		15,036	15,609
Goodwill (Note 7)		26,047	26,182
Other intangible assets – net (Note 7)		8,290	9,330
Contract and other deferred assets (Note 9)		6,159	6,124
All other assets (Note 10)		19,767	19,040
Deferred income taxes (Note 15)		10,583	10,855
Assets of discontinued operations (Note 2)		2,935	3,177
Total assets		191,961	198,874
Short-term borrowings (Note 11)		4,985	4,361
Accounts payable and equipment project accruals		16,206	16,243
Progress collections and deferred income (Note 9)		16,206	17,372
All other current liabilities (Note 14)		14,216	13,977
Liabilities of businesses held for sale (Note 2)		1,732	0
Current liabilities		53,344	51,953
Deferred income (Note 9)		1,953	1,989
Long-term borrowings (Note 11)		28,649	30,824
Insurance liabilities and annuity benefits (Note 12)		33,626	37,166
Non-current compensation and benefits		20,636	21,202
All other liabilities (Note 14)		12,477	13,240
Liabilities of discontinued operations (Note 2)		993	887
Total liabilities		151,678	157,262
Preferred stock (5,939,875 shares outstanding at both March 31, 2022 and December 31, 2021)		6	6
Common stock (1,100,664,978 and 1,099,027,213 shares outstanding at March 31, 2022 and December 31, 2021, respectively)		15	15
Accumulated other comprehensive income (loss) – net attributable to GE		1,341	1,582
Other capital		34,391	34,691
Retained earnings		83,927	85,110
Less common stock held in treasury		(80,673)	(81,093)
Total GE shareholders’ equity		39,005	40,310
Noncontrolling interests (Note 16)		1,278	1,302
Total equity		40,283	41,612
Total liabilities and equity		$ 191,961	$ 198,874
[1]	Excluded $795 million and $353 million at March 31, 2022 and December 31, 2021, respectively, in our run-off Insurance business, which is subject to regulatory restrictions. This balance is included in All other assets. See Note 10 for further information.

STATEMENT OF FINANCIAL POSITI_2

STATEMENT OF FINANCIAL POSITION (UNAUDITED) (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Balance Sheet Related Disclosures [Abstract]
Preferred stock, shares outstanding	5,939,875	5,939,875
Common stock, shares outstanding	1,100,664,978	1,099,027,213
Restricted cash subject to regulatory restrictions	$ 795	$ 353

STATEMENT OF CASH FLOWS (UNAUDI

STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows – operating activities
Net earnings (loss)	$ (1,014)	$ (2,798)
(Earnings) loss from discontinued operations	286	2,894
Adjustments to reconcile net earnings (loss) to cash provided from operating activities
Depreciation and amortization of property, plant and equipment	460	452
Amortization of intangible assets (Note 7)	1,025	301
(Gains) losses on purchases and sales of business interests (Note 18)	(15)	(3)
(Gains) losses on equity securities (Note 18)	214	(296)
Principal pension plans cost (Note 13)	143	658
Principal pension plans employer contributions (Note 13)	(79)	(74)
Other postretirement benefit plans (net) (Note 13)	(329)	(289)
Provision (benefit) for income taxes (Note 15)	204	142
Cash recovered (paid) during the year for income taxes	(192)	(322)
Changes in operating working capital:
Decrease (increase) in current receivables	(749)	946
Decrease (increase) in inventories, including deferred inventory costs	(990)	(722)
Decrease (increase) in current contract assets	442	(35)
Increase (decrease) in accounts payable and equipment project accruals	75	(349)
Increase (decrease) in progress collections and current deferred income	246	(425)
Financial services derivatives net collateral/settlement	(155)	(1,737)
All other operating activities	(103)	(982)
Cash from (used for) operating activities – continuing operations	(535)	(2,640)
Cash from (used for) operating activities – discontinued operations	(21)	680
Cash from (used for) operating activities	(556)	(1,959)
Cash flows – investing activities
Additions to property, plant and equipment	(340)	(332)
Dispositions of property, plant and equipment	30	34
Additions to internal-use software	(23)	(24)
Proceeds from principal business dispositions	0	1
Sales of retained ownership interests	1,302	735
Net (purchases) dispositions of insurance investment securities	(1,344)	(712)
All other investing activities	(82)	1,144
Cash from (used for) investing activities – continuing operations	(456)	847
Cash from (used for) investing activities – discontinued operations	12	(646)
Cash from (used for) investing activities	(444)	202
Cash flows – financing activities
Net increase (decrease) in borrowings (maturities of 90 days or less)	47	(319)
Newly issued debt (maturities longer than 90 days)	0	314
Repayments and other debt reductions (maturities longer than 90 days)	(1,268)	(1,513)
Dividends paid to shareholders	(140)	(148)
All other financing activities	(98)	57
Cash from (used for) financing activities – continuing operations	(1,459)	(1,608)
Cash from (used for) financing activities – discontinued operations	0	3
Cash from (used for) financing activities	(1,459)	(1,605)
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash	(75)	(131)
Increase (decrease) in cash, cash equivalents and restricted cash	(2,534)	(3,494)
Cash, cash equivalents and restricted cash at beginning of year	16,859	37,608
Cash, cash equivalents and restricted cash at March 31	14,325	34,115
Less cash, cash equivalents and restricted cash of discontinued operations at March 31	688	625
Cash, cash equivalents and restricted cash of continuing operations at March 31	$ 13,636	$ 33,490

STATEMENT OF COMPREHENSIVE INCO

STATEMENT OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Comprehensive Income [Abstract]
Net earnings (loss)	$ (1,014)	$ (2,798)
Less net earnings (loss) attributable to noncontrolling interests	28	5
Net earnings (loss) attributable to the Company	(1,042)	(2,802)
Other comprehensive income (loss)
Currency translation adjustments	(166)	110
Benefit plans	240	705
Investment securities and cash flow hedges	(317)	44
Less: other comprehensive income (loss) attributable to noncontrolling interests	(2)	3
Other comprehensive income (loss) attributable to the Company	(241)	856
Comprehensive income (loss)	(1,257)	(1,939)
Less: comprehensive income (loss) attributable to noncontrolling interests	26	8
Comprehensive income (loss) attributable to the Company	$ (1,283)	$ (1,947)

STATEMENT OF CHANGES IN SHAREHO

STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY (UNAUDITED) - USD ($) $ in Millions	Total	Accumulated other comprehensive income (loss)	Currency translation adjustments	Benefit plans	Investment securities and cash flow hedges	Other capital	Retained earnings	Common stock held in treasury	Changes in accountingRetained earnings
Beginning balance at Dec. 31, 2020		$ (9,749)			$ 32	$ 34,307	$ 92,247	$ (81,961)	$ 0
Increase (decrease) in shareholders' equity
Other comprehensive income (loss)			$ 108	$ 704	44
Purchases								(38)
Dispositions						(384)		450
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)
Ending balance at Mar. 31, 2021	35,153	(8,893)	(4,278)	(4,691)	76	34,042	89,276	(81,548)
Preferred stock issued	6
Common stock issued	702
Increase (decrease) in shareholders' equity
GE shareholders' equity balance	33,585
Noncontrolling interests balance	1,568
Preferred stock issued	6
Common stock issued	15
GE shareholders' equity balance	40,310
Noncontrolling interests balance	1,302
Beginning balance at Dec. 31, 2021	41,612	1,582			2,498	34,691	85,110	(81,093)	$ 0
Increase (decrease) in shareholders' equity
Other comprehensive income (loss)			(162)	238	(317)
Purchases								(39)
Dispositions						(396)		459
Stock-based compensation						91
Other changes						5
Net earnings (loss) attributable to the Company	(1,042)						(1,042)
Dividends and other transactions with shareholders							(141)
Ending balance at Mar. 31, 2022	40,283	$ 1,341	$ (4,724)	$ 3,884	$ 2,181	$ 34,391	$ 83,927	$ (80,673)
Preferred stock issued	6
Common stock issued	15
Increase (decrease) in shareholders' equity
GE shareholders' equity balance	39,005
Noncontrolling interests balance	$ 1,278

BASIS OF PRESENTATION AND SUMMA

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 1. BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES. Our financial statements are prepared in conformity with U.S. generally accepted accounting principles (GAAP), which requires us to make estimates based on assumptions about current, and for some estimates, future, economic and market conditions which affect reported amounts and related disclosures in our financial statements. Although our current estimates contemplate current and expected future conditions, as applicable, it is reasonably possible that actual conditions could differ from our expectations, which could materially affect our results of operations, financial position and cash flows. 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 change in the carrying amount of our tax assets and liabilities, or a change 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-year amounts to conform to the current-year’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 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 financial statements should not be regarded as necessarily indicative of results that may be expected for the entire year. These 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, 2021.

BUSINESSES HELD FOR SALE AND DI

BUSINESSES HELD FOR SALE AND DISCONTINUED OPERATIONS	3 Months Ended
	Mar. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]
BUSINESSES HELD FOR SALE AND DISCONTINUED OPERATIONS	NOTE 2. BUSINESSES HELD FOR SALE AND DISCONTINUED OPERATIONS. In the first quarter of 2022, we signed a non-binding memorandum of understanding to sell a portion of our Steam business within our Power segment to Électricité de France S.A. (EDF). We expect to complete the sale, subject to regulatory approval, in the first half of 2023. ASSETS AND LIABILITIES OF BUSINESSES HELD FOR SALE March 31, 2022 December 31, 2021 Current receivables, inventories and contract assets $ 516 $ — Property, plant and equipment and intangible assets - net 186 — All other assets 45 — Assets of businesses held for sale $ 747 $ — Progress collections and deferred income $ 1,280 $ — Accounts payable and equipment project accruals and all other liabilities 452 — Liabilities of businesses held for sale $ 1,732 $ — DISCONTINUED OPERATIONS primarily comprise our GE Capital Aviation Services (GECAS) business, discontinued in 2021, our mortgage portfolio in Poland, and other trailing assets and liabilities associated with prior dispositions. Results of operations, financial position and cash flows for these businesses are reported as discontinued operations for all periods presented and the notes to the financial statements have been adjusted on a retrospective basis. GECAS/AerCap. On November 1, 2021 we completed the combination of our GECAS business with AerCap Holdings N.V. (AerCap). We deconsolidated this business, reclassified its 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. We have continuing involvement with AerCap, primarily through our ownership interest, ongoing sales or leases of products and services, and transition services that we provide to AerCap. For the three months ended March 31, 2022, we had direct and indirect sales of $14 million to and purchases of $35 million from AerCap, primarily related to engine sales through airframers and engine leases, respectively. We collected net cash of $44 million from AerCap related to this activity. Bank BPH . The mortgage portfolio in Poland (Bank BPH) comprises floating rate residential mortgages, 87% of which are indexed to or denominated in foreign currencies (primarily Swiss francs). At March 31, 2022, the total portfolio had a carrying value, net of reserves, of $1,592 million with a 2.12% 90-day delinquency rate and an average loan to value ratio of approximately 58.3%. 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. Loss from discontinued operations for the three months ended March 31, 2022 included $233 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 and capital contributions related to these loans in future reporting periods. See Note 21 for further information. RESULTS OF DISCONTINUED OPERATIONS Three months ended March 31 2022 2021 Operations Cost of equipment and services sold $ — $ (368) Other income, costs and expenses (250) 247 Earnings (loss) of discontinued operations before income taxes $ (250) $ (121) Benefit (provision) for income taxes (18) (29) Earnings (loss) of discontinued operations, net of taxes(a) $ (268) $ (149) Disposal Gain (loss) on disposal before income taxes $ (23) $ (2,702) Benefit (provision) for income taxes 5 (43) Gain (loss) on disposal, net of taxes $ (18) $ (2,745) Earnings (loss) from discontinued operations, net of taxes $ (286) $ (2,894) (a) Included zero and $177 million from GECAS operations, including zero and $359 million of depreciation and amortization, for the three months ended March 31, 2022 and 2021, respectively. Depreciation and amortization ceased on March 10, 2021. ASSETS AND LIABILITIES OF DISCONTINUED OPERATIONS March 31, 2022 December 31, 2021 Cash, cash equivalents and restricted cash $ 688 $ 736 Financing receivables held for sale (Polish mortgage portfolio) 1,592 1,799 Property, plant, and equipment - net 84 88 All other assets 571 554 Assets of discontinued operations $ 2,935 $ 3,177 Accounts payable and all other liabilities $ 993 $ 887 Liabilities of discontinued operations $ 993 $ 887

INVESTMENT SECURITIES

INVESTMENT SECURITIES	3 Months Ended
	Mar. 31, 2022
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. On November 1, 2021, we received 111.5 million ordinary shares of AerCap (approximately 46% ownership interest) and an AerCap senior note as partial consideration in conjunction with the GECAS transaction, for which we have adopted the fair value option. Our investment in BKR comprises 116.5 million shares (approximately 11% ownership interest) as of March 31, 2022. Both our AerCap and BKR investments are 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, 2022 December 31, 2021 Amortized Gross Gross Estimated Amortized Gross Gross Estimated Equity and note (AerCap) $ — $ — $ — $ 6,536 $ — $ — $ — $ 8,287 Equity (Baker Hughes) — — — 4,244 — — — 4,010 Current investment securities $ — $ — $ — $ 10,779 $ — $ — $ — $ 12,297 Debt U.S. corporate $ 26,073 $ 2,838 $ (370) $ 28,541 $ 25,182 $ 5,502 $ (33) $ 30,652 Non-U.S. corporate 2,423 113 (39) 2,497 2,361 343 (4) 2,701 State and municipal 2,654 326 (49) 2,930 2,639 573 (6) 3,205 Mortgage and asset-backed 4,098 35 (121) 4,012 3,950 117 (47) 4,019 Government and agencies 1,487 46 (47) 1,486 1,086 104 (2) 1,188 Other equity 379 — — 379 443 — — 443 Non-current investment securities $ 37,114 $ 3,357 $ (626) $ 39,845 $ 35,662 $ 6,639 $ (92) $ 42,209 The amortized cost of debt securities excludes accrued interest of $446 million and $415 million as of March 31, 2022 and December 31, 2021, respectively, which is reported in All other current assets. The estimated fair value of investment securities at March 31, 2022 decreased since December 31, 2021, primarily due to higher market yields, the mark-to-market effect on our equity interest in AerCap, and the sale of BKR shares, partially offset by new insurance investments and the mark-to-market effect on our equity interest in BKR. Total estimated fair value of debt securities in an unrealized loss position were $10,889 million and $3,446 million, of which $814 million and $644 million had gross unrealized losses of $(86) million and $(42) million and had been in a loss position for 12 months or more at March 31, 2022 and December 31, 2021, respectively. Gross unrealized losses of $(626) million at March 31, 2022 included $(370) million related to U.S. corporate securities, $(60) million related to commercial mortgage-backed securities (CMBS) collateralized by pools of commercial mortgage loans on real estate, and $(58) million related to Asset-backed securities. Of the U.S. corporate securities unrealized losses, $(85) million related to the consumer industry. Primarily all of our CMBS and Asset-backed securities in an unrealized loss position have received investment-grade credit ratings from the major rating agencies. Net unrealized gains (losses) for equity securities with readily determinable fair values, which are recorded in Other income within continuing operations, were $(377) million and $238 million for the three months ended March 31, 2022 and 2021, respectively. Proceeds from debt and equity securities sales, early redemptions by issuers and principal payments on the BKR promissory note totaled $1,949 million and $1,333 million for the three months ended March 31, 2022 and 2021, respectively. Gross realized gains on debt securities were $24 million and $28 million for the three months ended March 31, 2022 and 2021, respectively. Gross realized losses and impairments on debt securities were both insignificant for the three months ended March 31, 2022 and 2021. Contractual maturities of our debt securities (excluding mortgage and asset-backed securities) at March 31, 2022 are as follows: Amortized cost Estimated fair value Within one year $ 827 $ 832 After one year through five years 3,856 4,006 After five years through ten years 6,323 6,853 After ten years 21,631 23,763 We expect actual maturities to differ from contractual maturities because borrowers have the right to call or prepay certain obligations. Primarily all our equity securities are classified within Level 1 and primarily 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 $6,676 million and $7,222 million are classified within Level 3, as significant inputs to their valuation models are unobservable at March 31, 2022 and December 31, 2021, respectively. During the three months ended March 31, 2022 and 2021, 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, 2022
Receivables [Abstract]
CURRENT AND LONG-TERM RECEIVABLES	NOTE 4. CURRENT AND LONG-TERM RECEIVABLES CURRENT RECEIVABLES March 31, 2022 December 31, 2021 Customer receivables $ 13,505 $ 13,079 Non-income based tax receivables 1,311 1,222 Revenue sharing program receivables(a) 1,256 1,166 Supplier advances 441 596 Receivables from disposed businesses 148 148 Other sundry receivables 488 483 Allowance for credit losses(b) (1,099) (1,074) Total current receivables $ 16,050 $ 15,620 (a) 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) Allowance for credit losses increased primarily due to net new provisions of $45 million, partially offset by write-offs and foreign currency impact. Sales of customer receivables. Previously, GE businesses sold customer receivables to our Working Capital Solutions (WCS) business. These programs were discontinued in 2021. Separately, the Company from time to time sells current or long-term receivables to third parties in response to customer-sponsored requests or programs, to facilitate sales, or for risk mitigation purposes. Activity related to current customer receivables sold by GE businesses is as follows: 2022 2021 Third Parties WCS Third Parties Balance at January 1 $ 161 $ 3,618 $ 2,992 GE businesses sales to WCS — 7,044 — GE businesses sales to third parties(a) 351 — 124 WCS sales to third parties — (3,826) 3,826 Collections and other (367) (3,765) (4,360) Reclassification from long-term customer receivables 36 63 — Balance at March 31 $ 181 $ 3,134 $ 2,582 (a) The Company sold current customer receivables to third parties related primarily to our participation in customer-sponsored supply chain finance programs. Within these programs, the Company has no continuing involvement, fees associated with the transferred receivables are covered by the customer and cash is received at the original invoice due date. LONG-TERM RECEIVABLES March 31, 2022 December 31, 2021 Long-term customer receivables(a) $ 433 $ 521 Financing receivables 559 592 Supplier advances 289 309 Non-income based tax receivables 272 245 Receivables from disposed businesses 150 150 Sundry receivables 441 440 Allowance for credit losses (172) (160) Total long-term receivables $ 1,973 $ 2,097 (a) The Company sold $79 million and $31 million of long-term customer receivables to third parties in the three months ended March 31, 2022 and 2021, respectively, primarily in our Gas Power business for risk mitigation purposes.

INVENTORIES, INCLUDING DEFERRED

INVENTORIES, INCLUDING DEFERRED INVENTORY COSTS	3 Months Ended
	Mar. 31, 2022
Inventory Disclosure [Abstract]
INVENTORIES, INCLUDING DEFERRED INVENTORY COSTS	NOTE 5. INVENTORIES, INCLUDING DEFERRED INVENTORY COSTS March 31, 2022 December 31, 2021 Raw materials and work in process $ 9,155 $ 8,710 Finished goods 5,307 4,927 Deferred inventory costs(a) 2,108 2,210 Inventories, including deferred inventory costs $ 16,570 $ 15,847

PROPERTY, PLANT AND EQUIPMENT A

PROPERTY, PLANT AND EQUIPMENT AND OPERATING LEASES	3 Months Ended
	Mar. 31, 2022
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT AND OPERATING LEASES	NOTE 6. PROPERTY, PLANT AND EQUIPMENT AND OPERATING LEASES March 31, 2022 December 31, 2021 Original cost $ 31,531 $ 31,904 Less accumulated depreciation and amortization (18,935) (18,901) Right-of-use operating lease assets 2,440 2,606 Property, plant and equipment – net $ 15,036 $ 15,609 In the first quarter of 2022, we signed a non-binding memorandum of understanding for GE Steam Power to sell a portion of its business to EDF, which resulted in a reclassification of that business to held for sale. As a result, we recognized a non-cash pre-tax impairment charge of $59 million related to property, plant and equipment at our remaining Steam business within our Power segment. This charge was recorded by Corporate in Selling, general, and administrative expenses in our consolidated Statement of Earnings (Loss). 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, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER INTANGIBLE ASSETS	NOTE 7. GOODWILL AND OTHER INTANGIBLE ASSETS GOODWILL January 1, 2022 Currency exchange Balance at March 31, 2022 Aviation $ 9,013 $ (71) $ 8,942 Healthcare 12,879 (39) 12,840 Renewable Energy 3,231 62 3,294 Power 145 — 144 Corporate(a) 914 (87) 827 Total $ 26,182 $ (135) $ 26,047 (a) Corporate balance comprises our Digital business. 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 2022, we did not identify any reporting units that required an interim impairment test. Substantially all other intangible assets are subject to amortization. Intangible assets decreased $1,040 million during the three months ended March 31, 2022, primarily as a result of amortization partially offset by additions of capitalized software mainly at Aviation and Healthcare of $48 million. Included within consolidated amortization expense for the three months ended March 31, 2022, was non-cash pre-tax impairment charge of $765 million. Consolidated amortization expense was $1,025 million and $301 million in the three months ended March 31, 2022 and 2021, respectively. In the first quarter of 2022, we signed a non-binding memorandum of understanding for GE Steam Power to sell a portion of its business to EDF, which resulted in a reclassification of that business to held for sale. As a result, we recognized a non-cash pre-tax impairment charge of $765 million related to intangible assets at our remaining Steam business within our Power segment. We determined the fair value of these intangible assets using an income approach. This charge was recorded by Corporate in Selling, general, and administrative expenses in our consolidated Statement of Earnings (Loss).

REVENUES

REVENUES	3 Months Ended
	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
REVENUES	NOTE 8. REVENUES. EQUIPMENT & SERVICES REVENUES Three months ended March 31 2022 2021 Equipment Services Total Equipment Services Total Aviation $ 1,654 $ 3,949 $ 5,603 $ 1,847 $ 3,145 $ 4,992 Healthcare 2,256 2,107 4,363 2,227 2,081 4,308 Renewable Energy 2,173 698 2,871 2,844 404 3,248 Power 965 2,536 3,501 1,241 2,679 3,921 Total segment revenues $ 7,048 $ 9,290 $ 16,337 $ 8,159 $ 8,309 $ 16,468 REVENUES Three months ended March 31 2022 2021 Commercial Engines & Services $ 3,853 $ 3,354 Military 1,036 956 Systems & Other 714 682 Aviation $ 5,603 $ 4,992 Healthcare Systems $ 3,875 $ 3,825 Pharmaceutical Diagnostics 487 482 Healthcare $ 4,363 $ 4,308 Onshore Wind $ 1,906 $ 2,118 Grid Solutions equipment and services 668 795 Hydro, Offshore Wind and Hybrid Solutions 297 335 Renewable Energy $ 2,871 $ 3,248 Gas Power $ 2,489 $ 2,829 Steam Power 636 706 Power Conversion, Nuclear and other 377 385 Power $ 3,501 $ 3,921 Total segment revenues 16,337 16,468 Corporate 702 603 Total revenues $ 17,040 $ 17,071

CONTRACT AND OTHER DEFERRED ASS

CONTRACT AND OTHER DEFERRED ASSETS & PROGRESS COLLECTIONS AND DEFERRED INCOME	3 Months Ended
	Mar. 31, 2022
Contractors [Abstract]
CONTRACT AND OTHER DEFERRED ASSETS & PROGRESS COLLECTIONS AND DEFERRED INCOME	NOTE 9. CONTRACT AND OTHER DEFERRED ASSETS & PROGRESS COLLECTIONS AND DEFERRED INCOME Contract and other deferred assets decreased $600 million in the three months ended March 31, 2022 primarily due to decreased long-term service agreements and the timing of billing milestones ahead of revenue recognition on long-term equipment contracts. Our long-term service agreements decreased primarily due to billings of $2,772 million and net unfavorable changes in estimated profitability of $16 million at Aviation and $20 million at Power, partially offset by revenues recognized of $2,329 million. March 31, 2022 Aviation Healthcare Renewable Energy Power Corporate Total Revenues in excess of billings $ 2,289 $ — $ — $ 5,394 $ — $ 7,683 Billings in excess of revenues (5,852) — — (1,662) — (7,514) Long-term service agreements $ (3,564) $ — $ — $ 3,732 $ — $ 168 Short-term and other service agreements 383 172 112 94 16 778 Equipment contract revenues 35 303 1,231 1,513 217 3,300 Current contract assets $ (3,145) $ 475 $ 1,343 $ 5,339 $ 233 $ 4,246 Nonrecurring engineering costs 2,516 30 24 10 — 2,580 Customer advances and other 2,625 158 — 796 — 3,579 Non-current contract and other deferred assets $ 5,141 $ 189 $ 24 $ 806 $ — $ 6,159 Total contract and other deferred assets $ 1,996 $ 664 $ 1,367 $ 6,145 $ 233 $ 10,405 December 31, 2021 Aviation Healthcare Renewable Energy Power Corporate Total Revenues in excess of billings $ 2,478 $ — $ — $ 5,495 $ — $ 7,972 Billings in excess of revenues (5,731) — — (1,614) — (7,346) Long-term service agreements $ (3,253) $ — $ — $ 3,880 $ — $ 627 Short-term and other service agreements 340 166 87 80 20 692 Equipment contract revenues 33 287 1,297 1,709 236 3,562 Current contract assets $ (2,881) $ 453 $ 1,384 $ 5,669 $ 256 $ 4,881 Nonrecurring engineering costs 2,479 31 28 12 — 2,550 Customer advances and other 2,620 154 — 801 — 3,574 Non-current contract and other deferred assets $ 5,099 $ 184 $ 28 $ 813 $ — $ 6,124 Total contract and other deferred assets $ 2,218 $ 637 $ 1,412 $ 6,482 $ 256 $ 11,005 Progress collections and deferred income decreased $1,201 million primarily due to the reclassification of a portion of our GE Steam Power business to held for sale, partially offset by the timing of new collections received in excess of revenue recognition, primarily at Aviation. Revenues recognized for contracts included in a liability position at the beginning of the year were $4,638 million and $5,984 million for the three months ended March 31, 2022 and 2021, respectively. March 31, 2022 Aviation Healthcare Renewable Energy Power Corporate Total Progress collections on equipment contracts $ 112 $ — $ 1,921 $ 3,785 $ — $ 5,818 Other progress collections 4,654 538 2,795 386 129 8,502 Current deferred income 144 1,396 226 12 107 1,886 Progress collections and deferred income $ 4,910 $ 1,934 $ 4,943 $ 4,184 $ 236 $ 16,206 Non-current deferred income 1,099 585 169 99 2 1,953 Total Progress collections and deferred income $ 6,009 $ 2,519 $ 5,112 $ 4,283 $ 237 $ 18,159 December 31, 2021 Progress collections on equipment contracts $ 142 $ — $ 1,843 $ 5,198 $ — $ 7,183 Other progress collections 4,469 522 2,866 385 111 8,354 Current deferred income 170 1,336 198 33 99 1,835 Progress collections and deferred income $ 4,782 $ 1,858 $ 4,907 $ 5,615 $ 210 $ 17,372 Non-current deferred income 1,090 592 194 110 3 1,989 Total Progress collections and deferred income $ 5,871 $ 2,450 $ 5,101 $ 5,725 $ 213 $ 19,361

ALL OTHER ASSETS

ALL OTHER ASSETS	3 Months Ended
	Mar. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
ALL OTHER ASSETS	NOTE 10. ALL OTHER ASSETS. All other current assets and All other assets primarily include equity method and other investments, long-term customer and sundry receivables (see Note 4), cash and cash equivalents and receivables in our run-off insurance operations and prepaid taxes and other deferred charges. All other non-current assets increased $727 million in the three months ended March 31, 2022, primarily due to increases in Insurance cash and cash equivalents of $441 million, equity method and other investments of $187 million and pension surplus of $183 million.

BORROWINGS

BORROWINGS	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
BORROWINGS	NOTE 11. BORROWINGS March 31, 2022 December 31, 2021 Current portion of long-term borrowings Senior notes issued by GE $ 1,228 $ 1,249 Senior and subordinated notes assumed by GE 2,516 1,645 Senior notes issued by GE Capital 1,099 1,370 Other 142 97 Total short-term borrowings $ 4,985 $ 4,361 Senior notes issued by GE $ 5,232 $ 5,373 Senior and subordinated notes assumed by GE 10,196 11,306 Senior notes issued by GE Capital 12,348 13,274 Other 873 870 Total long-term borrowings $ 28,649 $ 30,824 Total borrowings $ 33,633 $ 35,186 The Company has provided a full and unconditional guarantee on the payment of the principal and interest on all senior and subordinated outstanding long-term debt securities issued by subsidiaries of GE Capital. This guarantee applied to $12,547 million and $13,719 million of senior notes and other debt issued by GE Capital at March 31, 2022 and December 31, 2021, respectively.

INSURANCE LIABILITIES AND ANNUI

INSURANCE LIABILITIES AND ANNUITY BENEFITS	3 Months Ended
	Mar. 31, 2022
Insurance [Abstract]
INSURANCE LIABILITIES AND ANNUITY BENEFITS	NOTE 12. 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 (net of eliminations) generated revenues of $767 million and $755 million, profit of $225 million and $138 million, and net earnings of $178 million and $111 million for the three months ended March 31, 2022 and 2021, respectively. These operations were supported by assets of $48,378 million and $49,894 million at March 31, 2022 and December 31, 2021, respectively. A summary of our insurance contracts is presented below: March 31, 2022 Long-term care Structured settlement annuities & life Other contracts Other adjustments(a) Total Future policy benefit reserves $ 17,112 $ 8,811 $ 191 $ — $ 26,114 Claim reserves 4,526 267 551 — 5,344 Investment contracts — 933 950 — 1,883 Unearned premiums and other 12 187 86 — 285 Total $ 21,650 $ 10,198 $ 1,778 $ — $ 33,626 December 31, 2021 Future policy benefit reserves $ 17,097 $ 8,902 $ 188 $ 3,394 $ 29,581 Claim reserves 4,546 258 585 — 5,389 Investment contracts — 955 954 — 1,909 Unearned premiums and other 15 184 89 — 287 Total $ 21,658 $ 10,299 $ 1,815 $ 3,394 $ 37,166 (a) The decrease in Other adjustments of $3,394 million is a result of the decline in unrealized gains on investment securities. Claim reserve activity included incurred claims of $387 million and $454 million, of which insignificant amounts related to the recognition of adjustments to prior year claim reserves arising from our periodic reserve evaluation in the three months ended March 31, 2022 and 2021, respectively. Paid claims were $443 million and $424 million in the three months ended March 31, 2022 and 2021, respectively.

POSTRETIREMENT BENEFIT PLANS

POSTRETIREMENT BENEFIT PLANS	3 Months Ended
	Mar. 31, 2022
Retirement Benefits [Abstract]
POSTRETIREMENT BENEFIT PLANS	NOTE 13. POSTRETIREMENT BENEFIT PLANS. We sponsor a number of pension and retiree health and life insurance benefit plans that we present in three categories, principal pension plans, other pension plans and principal retiree benefit plans. Please refer to Note 12 to the consolidated financial statements of our Annual Report on Form 10-K for the year ended December 31, 2021 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 2022 2021 Service cost for benefits earned $ 49 $ 64 Prior service cost amortization 2 7 Expected return on plan assets (786) (763) Interest cost on benefit obligations 517 486 Net actuarial loss amortization 361 864 Benefit plans cost $ 143 $ 658 Principal retiree benefit plans income was $52 million and $40 million for the three months ended March 31, 2022 and 2021, respectively. Other pension plans income was $117 million and $24 million for the three months ended March 31, 2022 and 2021, respectively.

CURRENT AND ALL OTHER LIABILITI

CURRENT AND ALL OTHER LIABILITIES	3 Months Ended
	Mar. 31, 2022
Other Liabilities Disclosure [Abstract]
CURRENT AND ALL OTHER LIABILITIES	NOTE 14. 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, loss contracts, employee compensation and benefits, income taxes payable and uncertain tax positions, operating lease liabilities (see Note 6), environmental, health and safety remediations and product warranties (see Note 21). All other current liabilities increased $239 million in the three months ended March 31, 2022, primarily due to increases in sales allowances of $277 million and taxes payable of $278 million partially offset by a decrease in employee compensation and benefit liabilities of $432 million. All other liabilities decreased $763 million in the three months ended March 31. 2022, primarily due to decreases in uncertain and other income taxes and related liabilities of $369 million and operating lease liabilities of $169 million.

INCOME TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 15. INCOME TAXES. Our consolidated effective income tax rate was (38.8)% and 59.7% for the three months ended March 31, 2022 and 2021, respectively. The tax rate for 2022 reflects a tax provision on a pre-tax loss. The rate was negative primarily due to losses in foreign jurisdictions where they are not likely to be utilized and the global intangible minimum tax provisions, non-tax benefited asset impairment charges and the net unrealized loss on our interest in AerCap and Baker Hughes for which the loss could not be tax benefited. 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 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.

SHAREHOLDERS' EQUITY

SHAREHOLDERS' EQUITY	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
SHAREHOLDERS' EQUITY	NOTE 16. SHAREHOLDERS’ EQUITY Three months ended March 31 ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Dividends per share in dollars) 2022 2021 Beginning balance $ (4,562) $ (4,386) AOCI before reclasses – net of taxes of $94 and $(57) (166) 110 Reclasses from AOCI – net of taxes of $— and $— — — AOCI (166) 110 Less AOCI attributable to noncontrolling interests (4) 2 Currency translation adjustments AOCI $ (4,724) $ (4,278) Beginning balance $ 3,646 $ (5,395) AOCI before reclasses – net of taxes of $25 and $(47) 54 16 Reclasses from AOCI – net of taxes of $55 and $194 186 689 AOCI 240 705 Less AOCI attributable to noncontrolling interests 2 1 Benefit plans AOCI $ 3,884 $ (4,691) Beginning balance $ 2,498 $ 32 AOCI before reclasses – net of taxes of $(88) and $(3)(a) (312) 10 Reclasses from AOCI – net of taxes of $1 and $14 (5) 34 AOCI (317) 44 Investment securities and cash flow hedges AOCI $ 2,181 $ 76 AOCI at March 31 $ 1,341 $ (8,893) Dividends declared per common share $ 0.08 $ 0.08 (a) Included adjustments of $2,681 million and $2,038 million for the three months ended March 31, 2022 and 2021, respectively related to insurance liabilities and annuity benefits in our run-off insurance operations to reflect the effects that would have been recognized had the related unrealized investment security gains been realized. See Note 12 for further information. For information on our common and preferred stock issuances and

EARNINGS PER SHARE INFORMATION

EARNINGS PER SHARE INFORMATION	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
EARNINGS PER SHARE INFORMATION	NOTE 17. EARNINGS PER SHARE INFORMATION Three months ended March 31 2022 2021 (Earnings for per-share calculation, shares in millions, per-share amounts in dollars) Diluted Basic Diluted Basic Earnings (loss) from continuing operations $ (757) $ (757) $ 90 $ 92 Preferred stock dividends (52) (52) (72) (72) Accretion of redeemable noncontrolling interests, net of tax(a) — — 2 2 Earnings (loss) from continuing operations attributable to common shareholders (809) (809) 20 22 Earnings (loss) from discontinued operations (286) (286) (2,897) (2,894) Net earnings (loss) attributable to GE common shareholders (1,094) (1,094) (2,874) (2,872) Shares of GE common stock outstanding 1,100 1,100 1,096 1,096 Employee compensation-related shares (including stock options) — — 4 — Total average equivalent shares 1,100 1,100 1,101 1,096 Earnings per share from continuing operations $ (0.74) $ (0.74) $ 0.02 $ 0.02 Earnings (loss) per share from discontinued operations (0.26) (0.26) (2.63) (2.64) Net earnings (loss) per share (0.99) (0.99) (2.61) (2.62) Potentially dilutive securities(b) 43 48 (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.

OTHER INCOME

OTHER INCOME	3 Months Ended
	Mar. 31, 2022
Other Income and Expenses [Abstract]
OTHER INCOME	NOTE 18. OTHER INCOME Three months ended March 31 2022 2021 Purchases and sales of business interests $ 15 $ 3 Licensing and royalty income 64 48 Equity method income 41 (20) Net interest and investment income (loss)(a) (132) 446 Other items 84 196 Total other income $ 73 $ 673 (a) Included a pre-tax realized and unrealized gain of $1,515 million and $296 million related to our interest in Baker Hughes in the three months ended March 31, 2022 and 2021, respectively. Included a pre-tax unrealized loss of $1,736 million related to our interest in and note with AerCap in the three months ended March 31, 2022. See Note 3 for further information.

FINANCIAL INSTRUMENTS

FINANCIAL INSTRUMENTS	3 Months Ended
	Mar. 31, 2022
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, 2022 December 31, 2021 Carrying Estimated Carrying Estimated Assets Loans and other receivables $ 2,561 $ 2,598 $ 2,706 $ 2,853 Liabilities Borrowings (Note 11) $ 33,633 $ 36,586 $ 35,186 $ 41,207 Investment contracts (Note 12) 1,883 2,122 1,909 2,282 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. We use derivatives to manage currency risks related to foreign exchange, and interest rate and currency risk between financial assets and liabilities, and certain equity investments and commodity prices. FAIR VALUE OF DERIVATIVES March 31, 2022 December 31, 2021 Gross Notional All other assets All other liabilities Gross Notional All other assets All other liabilities Interest rate contracts $ 1,473 $ 47 $ 3 $ 2,071 $ 75 $ 4 Currency exchange contracts 6,420 139 192 7,214 114 122 Derivatives accounted for as hedges $ 7,893 $ 186 $ 195 $ 9,285 $ 188 $ 126 Interest rate contracts $ 155 $ 6 $ — $ 1,369 $ 5 $ 1 Currency exchange contracts 63,817 1,123 1,236 64,097 794 756 Other contracts 2,239 389 28 1,674 387 10 Derivatives not accounted for as hedges $ 66,211 $ 1,518 $ 1,264 $ 67,140 $ 1,186 $ 767 Gross derivatives $ 74,104 $ 1,704 $ 1,459 $ 76,425 $ 1,374 $ 893 Netting and credit adjustments $ (975) $ (978) $ (637) $ (639) Cash collateral adjustments — (87) (54) (42) Net derivatives recognized in statement of financial position $ 729 $ 394 $ 684 $ 212 Net accrued interest $ 3 $ 10 $ 10 $ 5 Securities held as collateral (2) — (2) — Net amount $ 731 $ 403 $ 691 $ 217 FAIR VALUE HEDGES. At March 31, 2022, the cumulative amount of hedging adjustments of $1,931 million (including $2,011 million on discontinued hedging relationships) was included in the carrying amount of the hedged liability of $15,636 million. 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. The cumulative amount of hedging adjustments was primarily recorded in long-term borrowings. CASH FLOW HEDGES AND NET INVESTMENT HEDGES Gain (loss) recognized in AOCI for the three months ended March 31 2022 2021 Cash flow hedges(a) $ (5) $ 36 Net investment hedges(b) 112 272 (a) Primarily related to currency exchange and interest rate contracts. (b) The carrying value of foreign currency debt designated as net investment hedges was $3,934 million and $8,106 million at March 31, 2022 and 2021, respectively. The total reclassified from AOCI into earnings was zero for both the three months ended March 31, 2022 and 2021. The total amount in AOCI related to cash flow hedges of forecasted transactions was a $35 million gain at March 31, 2022. We expect to reclassify $21 million of gain to earnings in the next 12 months contemporaneously with the earnings effects of the related forecasted transactions. The total reclassified from AOCI into earnings was $(24) million and $(33) million for the three months ended March 31, 2022 and 2021, respectively. At March 31, 2022, the maximum term of derivative instruments that hedge forecasted transactions was approximately 13 years. The table below presents the gains (losses) of our derivative financial instruments in the Statement of Earnings (Loss): Three months ended March 31, 2022 Three months ended March 31, 2021 Revenues Interest Expense SG&A Other(a) Revenues Interest Expense SG&A Other(a) $ 17,040 $ 406 $ 3,651 $ 12,526 $ 17,071 $ 500 $ 2,894 $ 13,211 Effect of cash flow hedges $ 3 $ (7) $ — $ (21) $ 7 $ (8) $ — $ (32) Hedged items 78 1,843 Derivatives designated as hedging instruments (87) (1,899) Effect of fair value hedges $ (9) $ (56) Interest rate contracts(b) $ 1 $ 20 $ 1 $ (9) $ (1) Currency exchange contracts 1 (68) (79) 59 342 Other (37) 4 55 19 Effect of derivatives not designated as hedges $ 1 $ — $ (105) $ (55) $ 1 $ (9) $ 114 $ 359 (a) Amounts are inclusive of cost of sales and other income. (b) The total of debt extinguishment costs was zero for both the three months ended March 31, 2022 and 2021. COUNTERPARTY CREDIT RISK. Our exposures to counterparties (including accrued interest), net of collateral we held, was $561 million and $564 million at March 31, 2022 and December 31, 2021, respectively. Counterparties' exposures to our derivative liability (including accrued interest), net of collateral posted by us, was $299 million and $159 million at March 31, 2022 and December 31, 2021, respectively.

VARIABLE INTEREST ENTITIES

VARIABLE INTEREST ENTITIES	3 Months Ended
	Mar. 31, 2022
Variable Interest Entities [Abstract]
VARIABLE INTEREST ENTITIES	NOTE 20. VARIABLE INTEREST ENTITIES. In our Statement of Financial Position, we have assets of $443 million and $491 million and liabilities of $192 million and $206 million, at March 31, 2022 and December 31, 2021, respectively, in consolidated VIEs. These entities were created to help our customers facilitate or finance the purchase of GE equipment and services and have no features that could expose us to losses that would significantly exceed the difference between the consolidated assets and liabilities.

COMMITMENTS, GUARANTEES, PRODUC

COMMITMENTS, GUARANTEES, PRODUCT WARRANTIES AND OTHER LOSS CONTINGENCIES	3 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS, GUARANTEES, PRODUCT WARRANTIES AND OTHER LOSS CONTINGENCIES	NOTE 21. COMMITMENTS, GUARANTEES, PRODUCT WARRANTIES AND OTHER LOSS CONTINGENCIES COMMITMENTS. We had total investment commitments of $3,509 million at March 31, 2022. The commitments primarily comprise investments by our run-off insurance operations in investment securities and other assets of $3,302 million and included within these commitments are obligations to make investments in unconsolidated VIEs of $3,149 million. See Note 20 for further information. As of March 31, 2022, in our Aviation segment, we have committed to provide financing assistance of $2,000 million of future customer acquisitions of aircraft equipped with our engines. GUARANTEES. For further information on credit support and indemnification agreements, see our Annual Report on Form 10-K for the year ended December 31, 2021. 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 $1,846 million and $1,891 million at March 31, 2022 and December 31, 2021, respectively. LEGAL MATTERS. The following information supplements and amends the discussion of Legal Matters in Note 22 to the consolidated financial statements in our Annual Report on Form 10-K for the year ended December 31, 2021; 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 legal matters. In November 2015, we acquired the Thermal, Renewables and Grid businesses from Alstom, which prior to the acquisition was the subject of significant cases involving anti-competitive activities and improper payments. 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 cases in various jurisdictions, including the previously reported legal proceedings in Slovenia that are described below. The reserve balance was $544 million and $567 million at March 31, 2022 and December 31, 2021, respectively. Allegations in these cases 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 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. 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 disgorgement, fines and/or 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. Shareholder and related lawsuits. Since November 2017, several putative shareholder class actions under the federal securities laws have been filed against GE and certain affiliated individuals and consolidated into a single action currently pending in the U.S. District Court for the Southern District of New York (the Hachem case). In October 2019, the lead plaintiff filed a fifth amended consolidated class action complaint naming as defendants GE and current and former GE executive officers. It alleges violations of Sections 10(b) and 20(a) and Rule 10b-5 of the Securities Exchange Act of 1934 related to insurance reserves and accounting for long-term service agreements and seeks damages on behalf of shareholders who acquired GE stock between February 27, 2013 and January 23, 2018. GE filed a motion to dismiss in December 2019. In January 2021, the court granted defendants’ motion to dismiss as to the majority of the claims. Specifically, the court dismissed all claims related to insurance reserves, as well as all claims related to accounting for long-term service agreements, with the exception of certain claims about historic disclosures related to factoring in the Power business that survive as to GE and its former CFO Jeffrey S. Bornstein. All other individual defendants have been dismissed from the case. In April 2022, the court granted the plaintiff’s motion for class certification for shareholders who acquired stock between February 26, 2016 and January 23, 2018, and granted the plaintiffs’ request to amend their complaint. Bank BPH. As previously reported, 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, 2022, approximately 87% of the Bank BPH portfolio is indexed to or denominated in foreign currencies (primarily Swiss francs), and the total portfolio had a carrying value, net of reserves, of $1,592 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, 2022 the total amount of such estimated losses was $920 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 2022 was driven by increases across each of these factors. 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 or binding resolutions by the European Court of Justice (ECJ) or the Polish Supreme Court; the impact of any of these or other future or recent decisions or resolutions (including the ECJ decision in April 2021 on a case involving a Bank BPH mortgage loan, and the Polish Supreme Court binding resolution delivered verbally in May 2021 with written reasoning issued in July 2021) on how Polish courts will interpret and apply the law in particular cases and how borrower behavior may change in response, neither of which are known immediately upon the issuance of a decision or resolution; and 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 various settlement strategies or other approaches that Polish banks have adopted or will adopt, or that Bank BPH may adopt in the future, in response to this proposal or other factors, and the approaches that regulators and other government authorities will adopt in response. In addition, there is uncertainty arising from investigations of the Polish Office of Competition and Consumer Protection (UOKiK), including existing or anticipated UOKiK decisions resulting from those investigations, particularly UOKiK's investigation into the adequacy of disclosure of foreign exchange risk by banks (including BPH) and the legality under Polish law of unlimited foreign exchange risk on customers. Future adverse developments related to any of the foregoing, or other adverse developments such as actions by regulators or other governmental authorities (including UOKiK), likely would have a material adverse effect on Bank BPH and the carrying value of its mortgage loan portfolio as well as result in additional required capital contributions to Bank BPH or significant losses beyond the amounts 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 and issued the final revised permit effective in January 2021. In March 2021, two local environmental advocacy groups filed a joint petition to the EAB challenging portions of the revised permit, and in February 2022 the EAB denied the petition. As of March 31, 2022, 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, 2021.

SEGMENT OPERATIONS

SEGMENT OPERATIONS	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
SEGMENT OPERATIONS	SEGMENT OPERATIONS. Refer to our Annual Report on Form 10-K for the year ended December 31, 2021, for further information regarding our determination of segment profit for continuing operations, and for our allocations of corporate costs to our segments. Three Months Ended March 31 SUMMARY OF REPORTABLE SEGMENTS 2022 2021 V % Aviation $ 5,603 $ 4,992 12 % Healthcare 4,363 4,308 1 % Renewable Energy 2,871 3,248 (12) % Power 3,501 3,921 (11) % Total segment revenues 16,337 16,468 (1) % Corporate 702 603 16 % Total revenues $ 17,040 $ 17,071 — % Aviation $ 908 $ 641 42 % Healthcare 538 698 (23) % Renewable Energy (434) (234) (85) % Power 63 (87) F Total segment profit (loss) 1,075 1,019 5 % Corporate(a) (1,328) 160 U Interest and other financial charges (390) (485) 20 % Non-operating benefit income (cost) 137 (430) F Benefit (provision) for income taxes (251) (173) (45) % Preferred stock dividends (52) (72) 28 % Earnings (loss) from continuing operations attributable to GE common shareholders (809) 20 U Earnings (loss) from discontinued operations attributable to GE common shareholders (286) (2,894) 90 % Net earnings (loss) attributable to GE common shareholders $ (1,094) $ (2,874) 62 % (a) Includes interest and other financial charges of $16 million and $15 million and benefit for income taxes of $47 million and $31 million related to EFS within Corporate for the three months ended March 31, 2022 and 2021, respectively.

BASIS OF PRESENTATION AND SUM_2

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
CONSOLIDATION	Our financial statements are prepared in conformity with U.S. generally accepted accounting principles (GAAP), which requires us to make estimates based on assumptions about current, and for some estimates, future, economic and market conditions which affect reported amounts and related disclosures in our financial statements. Although our current estimates contemplate current and expected future conditions, as applicable, it is reasonably possible that actual conditions could differ from our expectations, which could materially affect our results of operations, financial position and cash flows. 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 change in the carrying amount of our tax assets and liabilities, or a change 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-year amounts to conform to the current-year’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 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.

BUSINESSES HELD FOR SALE AND _2

BUSINESSES HELD FOR SALE AND DISCONTINUED OPERATIONS (Tables)	3 Months Ended
	Mar. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]
Financial Information for Assets and Liabilities of Businesses Held for Sale	ASSETS AND LIABILITIES OF BUSINESSES HELD FOR SALE March 31, 2022 December 31, 2021 Current receivables, inventories and contract assets $ 516 $ — Property, plant and equipment and intangible assets - net 186 — All other assets 45 — Assets of businesses held for sale $ 747 $ — Progress collections and deferred income $ 1,280 $ — Accounts payable and equipment project accruals and all other liabilities 452 — Liabilities of businesses held for sale $ 1,732 $ —
Financial Information for Discontinued Operations	RESULTS OF DISCONTINUED OPERATIONS Three months ended March 31 2022 2021 Operations Cost of equipment and services sold $ — $ (368) Other income, costs and expenses (250) 247 Earnings (loss) of discontinued operations before income taxes $ (250) $ (121) Benefit (provision) for income taxes (18) (29) Earnings (loss) of discontinued operations, net of taxes(a) $ (268) $ (149) Disposal Gain (loss) on disposal before income taxes $ (23) $ (2,702) Benefit (provision) for income taxes 5 (43) Gain (loss) on disposal, net of taxes $ (18) $ (2,745) Earnings (loss) from discontinued operations, net of taxes $ (286) $ (2,894) (a) Included zero and $177 million from GECAS operations, including zero and $359 million of depreciation and amortization, for the three months ended March 31, 2022 and 2021, respectively. Depreciation and amortization ceased on March 10, 2021. ASSETS AND LIABILITIES OF DISCONTINUED OPERATIONS March 31, 2022 December 31, 2021 Cash, cash equivalents and restricted cash $ 688 $ 736 Financing receivables held for sale (Polish mortgage portfolio) 1,592 1,799 Property, plant, and equipment - net 84 88 All other assets 571 554 Assets of discontinued operations $ 2,935 $ 3,177 Accounts payable and all other liabilities $ 993 $ 887 Liabilities of discontinued operations $ 993 $ 887

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	3 Months Ended
	Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Schedule of Investment Securities	March 31, 2022 December 31, 2021 Amortized Gross Gross Estimated Amortized Gross Gross Estimated Equity and note (AerCap) $ — $ — $ — $ 6,536 $ — $ — $ — $ 8,287 Equity (Baker Hughes) — — — 4,244 — — — 4,010 Current investment securities $ — $ — $ — $ 10,779 $ — $ — $ — $ 12,297 Debt U.S. corporate $ 26,073 $ 2,838 $ (370) $ 28,541 $ 25,182 $ 5,502 $ (33) $ 30,652 Non-U.S. corporate 2,423 113 (39) 2,497 2,361 343 (4) 2,701 State and municipal 2,654 326 (49) 2,930 2,639 573 (6) 3,205 Mortgage and asset-backed 4,098 35 (121) 4,012 3,950 117 (47) 4,019 Government and agencies 1,487 46 (47) 1,486 1,086 104 (2) 1,188 Other equity 379 — — 379 443 — — 443 Non-current investment securities $ 37,114 $ 3,357 $ (626) $ 39,845 $ 35,662 $ 6,639 $ (92) $ 42,209
Contractual Maturities of Debt Securities (Excluding Mortgage and Asset-Backed Securities)	Contractual maturities of our debt securities (excluding mortgage and asset-backed securities) at March 31, 2022 are as follows: Amortized cost Estimated fair value Within one year $ 827 $ 832 After one year through five years 3,856 4,006 After five years through ten years 6,323 6,853 After ten years 21,631 23,763

CURRENT AND LONG-TERM RECEIVA_2

CURRENT AND LONG-TERM RECEIVABLES (Tables)	3 Months Ended
	Mar. 31, 2022
Receivables [Abstract]
Schedule of Receivables	CURRENT RECEIVABLES March 31, 2022 December 31, 2021 Customer receivables $ 13,505 $ 13,079 Non-income based tax receivables 1,311 1,222 Revenue sharing program receivables(a) 1,256 1,166 Supplier advances 441 596 Receivables from disposed businesses 148 148 Other sundry receivables 488 483 Allowance for credit losses(b) (1,099) (1,074) Total current receivables $ 16,050 $ 15,620 (a) 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. 2022 2021 Third Parties WCS Third Parties Balance at January 1 $ 161 $ 3,618 $ 2,992 GE businesses sales to WCS — 7,044 — GE businesses sales to third parties(a) 351 — 124 WCS sales to third parties — (3,826) 3,826 Collections and other (367) (3,765) (4,360) Reclassification from long-term customer receivables 36 63 — Balance at March 31 $ 181 $ 3,134 $ 2,582 (a) The Company sold current customer receivables to third parties related primarily to our participation in customer-sponsored supply chain finance programs. Within these programs, the Company has no continuing involvement, fees associated with the transferred receivables are covered by the customer and cash is received at the original invoice due date. LONG-TERM RECEIVABLES March 31, 2022 December 31, 2021 Long-term customer receivables(a) $ 433 $ 521 Financing receivables 559 592 Supplier advances 289 309 Non-income based tax receivables 272 245 Receivables from disposed businesses 150 150 Sundry receivables 441 440 Allowance for credit losses (172) (160) Total long-term receivables $ 1,973 $ 2,097 (a) The Company sold $79 million and $31 million of long-term customer receivables to third parties in the three months ended March 31, 2022 and 2021, respectively, primarily in our Gas Power business for risk mitigation purposes.

INVENTORIES, INCLUDING DEFERR_2

INVENTORIES, INCLUDING DEFERRED INVENTORY COSTS (Tables)	3 Months Ended
	Mar. 31, 2022
Inventory Disclosure [Abstract]
Schedule of Inventories	March 31, 2022 December 31, 2021 Raw materials and work in process $ 9,155 $ 8,710 Finished goods 5,307 4,927 Deferred inventory costs(a) 2,108 2,210 Inventories, including deferred inventory costs $ 16,570 $ 15,847

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT AND OPERATING LEASES (Tables)	3 Months Ended
	Mar. 31, 2022
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment	March 31, 2022 December 31, 2021 Original cost $ 31,531 $ 31,904 Less accumulated depreciation and amortization (18,935) (18,901) Right-of-use operating lease assets 2,440 2,606 Property, plant and equipment – net $ 15,036 $ 15,609

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	3 Months Ended
	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Changes in Goodwill Balances	GOODWILL January 1, 2022 Currency exchange Balance at March 31, 2022 Aviation $ 9,013 $ (71) $ 8,942 Healthcare 12,879 (39) 12,840 Renewable Energy 3,231 62 3,294 Power 145 — 144 Corporate(a) 914 (87) 827 Total $ 26,182 $ (135) $ 26,047

REVENUES (Tables)

REVENUES (Tables)	3 Months Ended
	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregated Revenues	EQUIPMENT & SERVICES REVENUES Three months ended March 31 2022 2021 Equipment Services Total Equipment Services Total Aviation $ 1,654 $ 3,949 $ 5,603 $ 1,847 $ 3,145 $ 4,992 Healthcare 2,256 2,107 4,363 2,227 2,081 4,308 Renewable Energy 2,173 698 2,871 2,844 404 3,248 Power 965 2,536 3,501 1,241 2,679 3,921 Total segment revenues $ 7,048 $ 9,290 $ 16,337 $ 8,159 $ 8,309 $ 16,468 REVENUES Three months ended March 31 2022 2021 Commercial Engines & Services $ 3,853 $ 3,354 Military 1,036 956 Systems & Other 714 682 Aviation $ 5,603 $ 4,992 Healthcare Systems $ 3,875 $ 3,825 Pharmaceutical Diagnostics 487 482 Healthcare $ 4,363 $ 4,308 Onshore Wind $ 1,906 $ 2,118 Grid Solutions equipment and services 668 795 Hydro, Offshore Wind and Hybrid Solutions 297 335 Renewable Energy $ 2,871 $ 3,248 Gas Power $ 2,489 $ 2,829 Steam Power 636 706 Power Conversion, Nuclear and other 377 385 Power $ 3,501 $ 3,921 Total segment revenues 16,337 16,468 Corporate 702 603 Total revenues $ 17,040 $ 17,071

CONTRACT AND OTHER DEFERRED A_2

CONTRACT AND OTHER DEFERRED ASSETS & PROGRESS COLLECTIONS AND DEFERRED INCOME (Tables)	3 Months Ended
	Mar. 31, 2022
Contractors [Abstract]
Contract with Customer, Asset and Liability	March 31, 2022 Aviation Healthcare Renewable Energy Power Corporate Total Revenues in excess of billings $ 2,289 $ — $ — $ 5,394 $ — $ 7,683 Billings in excess of revenues (5,852) — — (1,662) — (7,514) Long-term service agreements $ (3,564) $ — $ — $ 3,732 $ — $ 168 Short-term and other service agreements 383 172 112 94 16 778 Equipment contract revenues 35 303 1,231 1,513 217 3,300 Current contract assets $ (3,145) $ 475 $ 1,343 $ 5,339 $ 233 $ 4,246 Nonrecurring engineering costs 2,516 30 24 10 — 2,580 Customer advances and other 2,625 158 — 796 — 3,579 Non-current contract and other deferred assets $ 5,141 $ 189 $ 24 $ 806 $ — $ 6,159 Total contract and other deferred assets $ 1,996 $ 664 $ 1,367 $ 6,145 $ 233 $ 10,405 December 31, 2021 Aviation Healthcare Renewable Energy Power Corporate Total Revenues in excess of billings $ 2,478 $ — $ — $ 5,495 $ — $ 7,972 Billings in excess of revenues (5,731) — — (1,614) — (7,346) Long-term service agreements $ (3,253) $ — $ — $ 3,880 $ — $ 627 Short-term and other service agreements 340 166 87 80 20 692 Equipment contract revenues 33 287 1,297 1,709 236 3,562 Current contract assets $ (2,881) $ 453 $ 1,384 $ 5,669 $ 256 $ 4,881 Nonrecurring engineering costs 2,479 31 28 12 — 2,550 Customer advances and other 2,620 154 — 801 — 3,574 Non-current contract and other deferred assets $ 5,099 $ 184 $ 28 $ 813 $ — $ 6,124 Total contract and other deferred assets $ 2,218 $ 637 $ 1,412 $ 6,482 $ 256 $ 11,005 March 31, 2022 Aviation Healthcare Renewable Energy Power Corporate Total Progress collections on equipment contracts $ 112 $ — $ 1,921 $ 3,785 $ — $ 5,818 Other progress collections 4,654 538 2,795 386 129 8,502 Current deferred income 144 1,396 226 12 107 1,886 Progress collections and deferred income $ 4,910 $ 1,934 $ 4,943 $ 4,184 $ 236 $ 16,206 Non-current deferred income 1,099 585 169 99 2 1,953 Total Progress collections and deferred income $ 6,009 $ 2,519 $ 5,112 $ 4,283 $ 237 $ 18,159 December 31, 2021 Progress collections on equipment contracts $ 142 $ — $ 1,843 $ 5,198 $ — $ 7,183 Other progress collections 4,469 522 2,866 385 111 8,354 Current deferred income 170 1,336 198 33 99 1,835 Progress collections and deferred income $ 4,782 $ 1,858 $ 4,907 $ 5,615 $ 210 $ 17,372 Non-current deferred income 1,090 592 194 110 3 1,989 Total Progress collections and deferred income $ 5,871 $ 2,450 $ 5,101 $ 5,725 $ 213 $ 19,361

BORROWINGS (Tables)

BORROWINGS (Tables)	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Schedule of Borrowings	March 31, 2022 December 31, 2021 Current portion of long-term borrowings Senior notes issued by GE $ 1,228 $ 1,249 Senior and subordinated notes assumed by GE 2,516 1,645 Senior notes issued by GE Capital 1,099 1,370 Other 142 97 Total short-term borrowings $ 4,985 $ 4,361 Senior notes issued by GE $ 5,232 $ 5,373 Senior and subordinated notes assumed by GE 10,196 11,306 Senior notes issued by GE Capital 12,348 13,274 Other 873 870 Total long-term borrowings $ 28,649 $ 30,824 Total borrowings $ 33,633 $ 35,186

INSURANCE LIABILITIES AND ANN_2

INSURANCE LIABILITIES AND ANNUITY BENEFITS (Tables)	3 Months Ended
	Mar. 31, 2022
Insurance [Abstract]
Schedule of Insurance and Investment Contract Liabilities	A summary of our insurance contracts is presented below: March 31, 2022 Long-term care Structured settlement annuities & life Other contracts Other adjustments(a) Total Future policy benefit reserves $ 17,112 $ 8,811 $ 191 $ — $ 26,114 Claim reserves 4,526 267 551 — 5,344 Investment contracts — 933 950 — 1,883 Unearned premiums and other 12 187 86 — 285 Total $ 21,650 $ 10,198 $ 1,778 $ — $ 33,626 December 31, 2021 Future policy benefit reserves $ 17,097 $ 8,902 $ 188 $ 3,394 $ 29,581 Claim reserves 4,546 258 585 — 5,389 Investment contracts — 955 954 — 1,909 Unearned premiums and other 15 184 89 — 287 Total $ 21,658 $ 10,299 $ 1,815 $ 3,394 $ 37,166 (a) The decrease in Other adjustments of $3,394 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, 2022
Retirement Benefits [Abstract]
Schedule of Net Benefit Costs	PRINCIPAL PENSION PLANS Three months ended March 31 2022 2021 Service cost for benefits earned $ 49 $ 64 Prior service cost amortization 2 7 Expected return on plan assets (786) (763) Interest cost on benefit obligations 517 486 Net actuarial loss amortization 361 864 Benefit plans cost $ 143 $ 658

SHAREHOLDERS' EQUITY (Tables)

SHAREHOLDERS' EQUITY (Tables)	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
Schedule of Shareholders' Equity	Three months ended March 31 ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Dividends per share in dollars) 2022 2021 Beginning balance $ (4,562) $ (4,386) AOCI before reclasses – net of taxes of $94 and $(57) (166) 110 Reclasses from AOCI – net of taxes of $— and $— — — AOCI (166) 110 Less AOCI attributable to noncontrolling interests (4) 2 Currency translation adjustments AOCI $ (4,724) $ (4,278) Beginning balance $ 3,646 $ (5,395) AOCI before reclasses – net of taxes of $25 and $(47) 54 16 Reclasses from AOCI – net of taxes of $55 and $194 186 689 AOCI 240 705 Less AOCI attributable to noncontrolling interests 2 1 Benefit plans AOCI $ 3,884 $ (4,691) Beginning balance $ 2,498 $ 32 AOCI before reclasses – net of taxes of $(88) and $(3)(a) (312) 10 Reclasses from AOCI – net of taxes of $1 and $14 (5) 34 AOCI (317) 44 Investment securities and cash flow hedges AOCI $ 2,181 $ 76 AOCI at March 31 $ 1,341 $ (8,893) Dividends declared per common share $ 0.08 $ 0.08

EARNINGS PER SHARE INFORMATION

EARNINGS PER SHARE INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	Three months ended March 31 2022 2021 (Earnings for per-share calculation, shares in millions, per-share amounts in dollars) Diluted Basic Diluted Basic Earnings (loss) from continuing operations $ (757) $ (757) $ 90 $ 92 Preferred stock dividends (52) (52) (72) (72) Accretion of redeemable noncontrolling interests, net of tax(a) — — 2 2 Earnings (loss) from continuing operations attributable to common shareholders (809) (809) 20 22 Earnings (loss) from discontinued operations (286) (286) (2,897) (2,894) Net earnings (loss) attributable to GE common shareholders (1,094) (1,094) (2,874) (2,872) Shares of GE common stock outstanding 1,100 1,100 1,096 1,096 Employee compensation-related shares (including stock options) — — 4 — Total average equivalent shares 1,100 1,100 1,101 1,096 Earnings per share from continuing operations $ (0.74) $ (0.74) $ 0.02 $ 0.02 Earnings (loss) per share from discontinued operations (0.26) (0.26) (2.63) (2.64) Net earnings (loss) per share (0.99) (0.99) (2.61) (2.62) Potentially dilutive securities(b) 43 48 (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.

OTHER INCOME (Tables)

OTHER INCOME (Tables)	3 Months Ended
	Mar. 31, 2022
Other Income and Expenses [Abstract]
Schedule of Other Income	Three months ended March 31 2022 2021 Purchases and sales of business interests $ 15 $ 3 Licensing and royalty income 64 48 Equity method income 41 (20) Net interest and investment income (loss)(a) (132) 446 Other items 84 196 Total other income $ 73 $ 673 (a) Included a pre-tax realized and unrealized gain of $1,515 million and $296 million related to our interest in Baker Hughes in the three months ended March 31, 2022 and 2021, respectively. Included a pre-tax unrealized loss of $1,736 million related to our interest in and note with AerCap in the three months ended March 31, 2022. See Note 3 for further information.

FINANCIAL INSTRUMENTS (Tables)

FINANCIAL INSTRUMENTS (Tables)	3 Months Ended
	Mar. 31, 2022
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, 2022 December 31, 2021 Carrying Estimated Carrying Estimated Assets Loans and other receivables $ 2,561 $ 2,598 $ 2,706 $ 2,853 Liabilities Borrowings (Note 11) $ 33,633 $ 36,586 $ 35,186 $ 41,207 Investment contracts (Note 12) 1,883 2,122 1,909 2,282
Fair Value of Derivative Assets	FAIR VALUE OF DERIVATIVES March 31, 2022 December 31, 2021 Gross Notional All other assets All other liabilities Gross Notional All other assets All other liabilities Interest rate contracts $ 1,473 $ 47 $ 3 $ 2,071 $ 75 $ 4 Currency exchange contracts 6,420 139 192 7,214 114 122 Derivatives accounted for as hedges $ 7,893 $ 186 $ 195 $ 9,285 $ 188 $ 126 Interest rate contracts $ 155 $ 6 $ — $ 1,369 $ 5 $ 1 Currency exchange contracts 63,817 1,123 1,236 64,097 794 756 Other contracts 2,239 389 28 1,674 387 10 Derivatives not accounted for as hedges $ 66,211 $ 1,518 $ 1,264 $ 67,140 $ 1,186 $ 767 Gross derivatives $ 74,104 $ 1,704 $ 1,459 $ 76,425 $ 1,374 $ 893 Netting and credit adjustments $ (975) $ (978) $ (637) $ (639) Cash collateral adjustments — (87) (54) (42) Net derivatives recognized in statement of financial position $ 729 $ 394 $ 684 $ 212 Net accrued interest $ 3 $ 10 $ 10 $ 5 Securities held as collateral (2) — (2) — Net amount $ 731 $ 403 $ 691 $ 217
Fair Value of Derivative Liabilities	FAIR VALUE OF DERIVATIVES March 31, 2022 December 31, 2021 Gross Notional All other assets All other liabilities Gross Notional All other assets All other liabilities Interest rate contracts $ 1,473 $ 47 $ 3 $ 2,071 $ 75 $ 4 Currency exchange contracts 6,420 139 192 7,214 114 122 Derivatives accounted for as hedges $ 7,893 $ 186 $ 195 $ 9,285 $ 188 $ 126 Interest rate contracts $ 155 $ 6 $ — $ 1,369 $ 5 $ 1 Currency exchange contracts 63,817 1,123 1,236 64,097 794 756 Other contracts 2,239 389 28 1,674 387 10 Derivatives not accounted for as hedges $ 66,211 $ 1,518 $ 1,264 $ 67,140 $ 1,186 $ 767 Gross derivatives $ 74,104 $ 1,704 $ 1,459 $ 76,425 $ 1,374 $ 893 Netting and credit adjustments $ (975) $ (978) $ (637) $ (639) Cash collateral adjustments — (87) (54) (42) Net derivatives recognized in statement of financial position $ 729 $ 394 $ 684 $ 212 Net accrued interest $ 3 $ 10 $ 10 $ 5 Securities held as collateral (2) — (2) — Net amount $ 731 $ 403 $ 691 $ 217
Effects of Derivatives on AOCI	Gain (loss) recognized in AOCI for the three months ended March 31 2022 2021 Cash flow hedges(a) $ (5) $ 36 Net investment hedges(b) 112 272
Effects of Derivatives on Earnings	The table below presents the gains (losses) of our derivative financial instruments in the Statement of Earnings (Loss): Three months ended March 31, 2022 Three months ended March 31, 2021 Revenues Interest Expense SG&A Other(a) Revenues Interest Expense SG&A Other(a) $ 17,040 $ 406 $ 3,651 $ 12,526 $ 17,071 $ 500 $ 2,894 $ 13,211 Effect of cash flow hedges $ 3 $ (7) $ — $ (21) $ 7 $ (8) $ — $ (32) Hedged items 78 1,843 Derivatives designated as hedging instruments (87) (1,899) Effect of fair value hedges $ (9) $ (56) Interest rate contracts(b) $ 1 $ 20 $ 1 $ (9) $ (1) Currency exchange contracts 1 (68) (79) 59 342 Other (37) 4 55 19 Effect of derivatives not designated as hedges $ 1 $ — $ (105) $ (55) $ 1 $ (9) $ 114 $ 359 (a) Amounts are inclusive of cost of sales and other income. (b) The total of debt extinguishment costs was zero for both the three months ended March 31, 2022 and 2021.

SEGMENT OPERATIONS (Tables)

SEGMENT OPERATIONS (Tables)	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Summary of Operating Segments	Three Months Ended March 31 SUMMARY OF REPORTABLE SEGMENTS 2022 2021 V % Aviation $ 5,603 $ 4,992 12 % Healthcare 4,363 4,308 1 % Renewable Energy 2,871 3,248 (12) % Power 3,501 3,921 (11) % Total segment revenues 16,337 16,468 (1) % Corporate 702 603 16 % Total revenues $ 17,040 $ 17,071 — % Aviation $ 908 $ 641 42 % Healthcare 538 698 (23) % Renewable Energy (434) (234) (85) % Power 63 (87) F Total segment profit (loss) 1,075 1,019 5 % Corporate(a) (1,328) 160 U Interest and other financial charges (390) (485) 20 % Non-operating benefit income (cost) 137 (430) F Benefit (provision) for income taxes (251) (173) (45) % Preferred stock dividends (52) (72) 28 % Earnings (loss) from continuing operations attributable to GE common shareholders (809) 20 U Earnings (loss) from discontinued operations attributable to GE common shareholders (286) (2,894) 90 % Net earnings (loss) attributable to GE common shareholders $ (1,094) $ (2,874) 62 % (a) Includes interest and other financial charges of $16 million and $15 million and benefit for income taxes of $47 million and $31 million related to EFS within Corporate for the three months ended March 31, 2022 and 2021, respectively.

BUSINESSES HELD FOR SALE AND _3

BUSINESSES HELD FOR SALE AND DISCONTINUED OPERATIONS - Financial Information for Assets and Liabilities of Businesses Held for Sale (Details) - Held for sale, not discontinued operation - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Assets
Current receivables, inventories and contract assets	$ 516	$ 0
Property, plant and equipment and intangible assets - net	186	0
All other assets	45	0
Assets of discontinued operations	747	0
Liabilities
Progress collections and deferred income	1,280	0
Accounts payable and equipment project accruals and all other liabilities	452	0
Liabilities of discontinued operations	$ 1,732	$ 0

BUSINESSES HELD FOR SALE AND _4

BUSINESSES HELD FOR SALE AND DISCONTINUED OPERATIONS - Discontinued Operations Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
AerCap
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued operations after disposal, sales of product and services	$ 14
Discontinued operations after disposal, purchases of products and services	35
Discontinued operations after disposal, cash collected	44
Discontinued operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain (loss) on disposal, net of taxes	(18)	$ (2,745)
Financing receivables held for sale (Polish mortgage portfolio)	$ 1,592		$ 1,799
Discontinued operations | 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	87.00%
Financing receivables held for sale (Polish mortgage portfolio)	$ 1,592
Percent of financing receivables over 90 days past due	2.12%
Average loan to value ratio	58.30%
Pre-tax non-cash charges	$ 233
Discontinued operations | GECAS
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain (loss) on disposal, net of taxes		$ (2,755)

BUSINESSES HELD FOR SALE AND _5

BUSINESSES HELD FOR SALE AND DISCONTINUED OPERATIONS - Financial Information for Discontinued Operations (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
RESULTS OF DISCONTINUED OPERATIONS
Earnings (loss) from discontinued operations, net of taxes	$ (286,000,000)	$ (2,894,000,000)
Discontinued operations
RESULTS OF DISCONTINUED OPERATIONS
Cost of equipment and services sold	0	(368,000,000)
Other income, costs and expenses	(250,000,000)	247,000,000
Earnings (loss) of discontinued operations before income taxes	(250,000,000)	(121,000,000)
Benefit (provision) for income taxes	(18,000,000)	(29,000,000)
Earnings (loss) of discontinued operations, net of taxes	(268,000,000)	(149,000,000)
Gain (loss) on disposal before income taxes	(23,000,000)	(2,702,000,000)
Benefit (provision) for income taxes	5,000,000	(43,000,000)
Gain (loss) on disposal, net of taxes	(18,000,000)	(2,745,000,000)
Earnings (loss) from discontinued operations, net of taxes	(286,000,000)	(2,894,000,000)
Assets
Cash, cash equivalents and restricted cash	688,000,000		$ 736,000,000
Financing receivables held for sale (Polish mortgage portfolio)	1,592,000,000		1,799,000,000
Property, plant, and equipment - net	84,000,000		88,000,000
All other assets	571,000,000		554,000,000
Assets of discontinued operations	2,935,000,000		3,177,000,000
Liabilities
Accounts payable and all other liabilities	993,000,000		887,000,000
Liabilities of discontinued operations	993,000,000		$ 887,000,000
Discontinued operations | GECAS
RESULTS OF DISCONTINUED OPERATIONS
Earnings (loss) of discontinued operations, net of taxes	0	177,000,000
Gain (loss) on disposal, net of taxes		(2,755,000,000)
Depreciation and amortization	$ 0	$ 359,000,000

INVESTMENT SECURITIES - Narrati

INVESTMENT SECURITIES - Narrative (Details) - USD ($) shares in Millions, $ in Millions	Nov. 01, 2021	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Accrued interest, current		$ 446		$ 415
Debt securities in unrealized loss position, total		10,889		3,446
Debt securities in unrealized loss position, 12 months or more		814		644
Gross unrealized losses, 12 months or more		(86)		(42)
Gross unrealized losses		(626)		(92)
Net unrealized gains (losses) recorded to earnings		(377)	$ 238
Proceeds from investment securities sales and early redemptions by issuers		1,949	1,333
Debt securities, realized gain		24	$ 28
Equity securities without readily determinable fair values		528		441
Fair value adjustments, including impairment		17
Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment securities with a fair value		6,676		7,222
AerCap
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Equity securities, ownership percentage	46.00%
Net unrealized gains (losses) recorded to earnings		$ (1,736)
Baker Hughes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Equity securities, ownership percentage		11.00%
Discontinued operations | GECAS
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Consideration, stock transaction (in shares)	111.5
Discontinued operations | Baker Hughes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Consideration, stock transaction (in shares)		116.5
U.S. corporate
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Gross unrealized losses		$ (370)		$ (33)
CMBS
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Gross unrealized losses		(60)
Asset-backed securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Gross unrealized losses		(58)
US corporate, consumer industry
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Gross unrealized losses		$ (85)

INVESTMENT SECURITIES - Schedul

INVESTMENT SECURITIES - Schedule of Investment Securities (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Debt and Equity Securities, FV-NI [Line Items]
Equity, amortized cost	$ 0	$ 0
Equity	10,779	12,297
Gross unrealized gains	3,357	6,639
Gross unrealized losses	(626)	(92)
Other equity	379	443
Non-current investment securities, amortized cost	37,114	35,662
Non-current investment securities, estimated fair value	39,845	42,209
AerCap
Debt and Equity Securities, FV-NI [Line Items]
Equity, amortized cost	0	0
Equity	6,536	8,287
Baker Hughes
Debt and Equity Securities, FV-NI [Line Items]
Equity, amortized cost	0	0
Equity	4,244	4,010
U.S. corporate
Debt and Equity Securities, FV-NI [Line Items]
Amortized cost, excluding accrued interest	26,073	25,182
Gross unrealized gains	2,838	5,502
Gross unrealized losses	(370)	(33)
Estimated fair value	28,541	30,652
Non-U.S. corporate
Debt and Equity Securities, FV-NI [Line Items]
Amortized cost, excluding accrued interest	2,423	2,361
Gross unrealized gains	113	343
Gross unrealized losses	(39)	(4)
Estimated fair value	2,497	2,701
State and municipal
Debt and Equity Securities, FV-NI [Line Items]
Amortized cost, excluding accrued interest	2,654	2,639
Gross unrealized gains	326	573
Gross unrealized losses	(49)	(6)
Estimated fair value	2,930	3,205
Mortgage and asset-backed
Debt and Equity Securities, FV-NI [Line Items]
Amortized cost, excluding accrued interest	4,098	3,950
Gross unrealized gains	35	117
Gross unrealized losses	(121)	(47)
Estimated fair value	4,012	4,019
Government and agencies
Debt and Equity Securities, FV-NI [Line Items]
Amortized cost, excluding accrued interest	1,487	1,086
Gross unrealized gains	46	104
Gross unrealized losses	(47)	(2)
Estimated fair value	$ 1,486	$ 1,188

INVESTMENT SECURITIES - Contrac

INVESTMENT SECURITIES - Contractual Maturities (Details) $ in Millions	Mar. 31, 2022USD ($)
Amortized cost
Within one year	$ 827
After one year through five years	3,856
After five years through ten years	6,323
After ten years	21,631
Estimated fair value
Within one year	832
After one year through five years	4,006
After five years through ten years	6,853
After ten years	$ 23,763

CURRENT AND LONG-TERM RECEIVA_3

CURRENT AND LONG-TERM RECEIVABLES - Schedule of Current Receivables (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Receivables [Abstract]
Customer receivables	$ 13,505	$ 13,079
Non-income based tax receivables	1,311	1,222
Revenue sharing program receivables	1,256	1,166
Supplier advances	441	596
Receivables from disposed businesses	148	148
Other sundry receivables	488	483
Allowance for credit losses	(1,099)	(1,074)
Total current receivables	16,050	$ 15,620
Increase in allowance for credit losses	$ 45

CURRENT AND LONG-TERM RECEIVA_4

CURRENT AND LONG-TERM RECEIVABLES - Sales of Current Customer Receivables (Details) - Current receivables - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Third Parties
Movement in Accounts Receivable from Securitization [Roll Forward]
Balance at beginning of period	$ 161	$ 2,992
GE business sales	351	124
WCS sales to third parties	0	3,826
Collections and other	(367)	(4,360)
Reclassification from long-term customer receivables	36	0
Balance at end of period	$ 181	2,582
WCS
Movement in Accounts Receivable from Securitization [Roll Forward]
Balance at beginning of period		3,618
GE business sales		7,044
WCS sales to third parties		(3,826)
Collections and other		(3,765)
Reclassification from long-term customer receivables		63
Balance at end of period		$ 3,134

CURRENT AND LONG-TERM RECEIVA_5

CURRENT AND LONG-TERM RECEIVABLES - Schedule of Long-term Receivables (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Long-term customer receivables	$ 433		$ 521
Financing receivables	559		592
Supplier advances	289		309
Non-income based tax receivables	272		245
Receivables from disposed businesses	150		150
Sundry receivables	441		440
Allowance for credit losses	(172)		(160)
Total long-term receivables	1,973		$ 2,097
Third Parties
Accounts, Notes, Loans and Financing Receivable [Line Items]
Sale of long term customer receivables	$ 79	$ 31

INVENTORIES, INCLUDING DEFERR_3

INVENTORIES, INCLUDING DEFERRED INVENTORY COSTS (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Inventory Disclosure [Abstract]
Raw materials and work in process	$ 9,155	$ 8,710
Finished goods	5,307	4,927
Deferred inventory costs	2,108	2,210
Inventories, including deferred inventory costs	$ 16,570	$ 15,847

PROPERTY, PLANT AND EQUIPMENT_3

PROPERTY, PLANT AND EQUIPMENT AND OPERATING LEASES (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Original cost	$ 31,531	$ 31,904
Less accumulated depreciation and amortization	(18,935)	(18,901)
Right-of-use operating lease assets	2,440	2,606
Property, plant and equipment – net	$ 15,036	$ 15,609
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Property, plant and equipment – net	Property, plant and equipment – net

PROPERTY, PLANT AND EQUIPMENT_4

PROPERTY, PLANT AND EQUIPMENT AND OPERATING LEASES - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	All other liabilities (Note 14)		All other liabilities (Note 14)
Operating lease liabilities	$ 2,679		$ 2,848
Long-term fixed lease cost	272	$ 281
Power
Property, Plant and Equipment [Line Items]
Pre-tax impairment charges	$ 59

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS - Changes in Goodwill Balances (Details) $ in Millions	3 Months Ended
	Mar. 31, 2022USD ($)
Goodwill
Balance at beginning of period	$ 26,182
Currency exchange and other	(135)
Balance at end of period	26,047
Operating segments | Aviation
Goodwill
Balance at beginning of period	9,013
Currency exchange and other	(71)
Balance at end of period	8,942
Operating segments | Healthcare
Goodwill
Balance at beginning of period	12,879
Currency exchange and other	(39)
Balance at end of period	12,840
Operating segments | Renewable Energy
Goodwill
Balance at beginning of period	3,231
Currency exchange and other	62
Balance at end of period	3,294
Operating segments | Power
Goodwill
Balance at beginning of period	145
Currency exchange and other	0
Balance at end of period	144
Corporate
Goodwill
Balance at beginning of period	914
Currency exchange and other	(87)
Balance at end of period	$ 827

GOODWILL AND OTHER INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLE ASSETS - Narrative (Details) - USD ($) $ in Millions	Feb. 10, 2022	Mar. 31, 2022	Mar. 31, 2021
Goodwill [Line Items]
Increase (decrease) in intangible assets		$ (1,040)
Amortization of intangible assets		1,025	$ 301
Capitalized software
Goodwill [Line Items]
Intangible assets acquired		48
Operating segments | Power
Goodwill [Line Items]
Non-cash pre-tax impairment charge	$ 765	$ 765

REVENUES - Schedule of Disaggre

REVENUES - Schedule of Disaggregated Revenue (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Disaggregation of Revenue [Line Items]
Total revenues	$ 17,040	$ 17,071
Operating segments
Disaggregation of Revenue [Line Items]
Total revenues	16,337	16,468
Operating segments | Equipment
Disaggregation of Revenue [Line Items]
Total revenues	7,048	8,159
Operating segments | Services
Disaggregation of Revenue [Line Items]
Total revenues	9,290	8,309
Operating segments | Aviation
Disaggregation of Revenue [Line Items]
Total revenues	5,603	4,992
Operating segments | Aviation | Equipment
Disaggregation of Revenue [Line Items]
Total revenues	1,654	1,847
Operating segments | Aviation | Services
Disaggregation of Revenue [Line Items]
Total revenues	3,949	3,145
Operating segments | Aviation | Commercial Engines & Services
Disaggregation of Revenue [Line Items]
Total revenues	3,853	3,354
Operating segments | Aviation | Military
Disaggregation of Revenue [Line Items]
Total revenues	1,036	956
Operating segments | Aviation | Systems & Other
Disaggregation of Revenue [Line Items]
Total revenues	714	682
Operating segments | Healthcare
Disaggregation of Revenue [Line Items]
Total revenues	4,363	4,308
Operating segments | Healthcare | Equipment
Disaggregation of Revenue [Line Items]
Total revenues	2,256	2,227
Operating segments | Healthcare | Services
Disaggregation of Revenue [Line Items]
Total revenues	2,107	2,081
Operating segments | Healthcare | Healthcare Systems
Disaggregation of Revenue [Line Items]
Total revenues	3,875	3,825
Operating segments | Healthcare | Pharmaceutical Diagnostics
Disaggregation of Revenue [Line Items]
Total revenues	487	482
Operating segments | Renewable Energy
Disaggregation of Revenue [Line Items]
Total revenues	2,871	3,248
Operating segments | Renewable Energy | Equipment
Disaggregation of Revenue [Line Items]
Total revenues	2,173	2,844
Operating segments | Renewable Energy | Services
Disaggregation of Revenue [Line Items]
Total revenues	698	404
Operating segments | Renewable Energy | Onshore Wind
Disaggregation of Revenue [Line Items]
Total revenues	1,906	2,118
Operating segments | Renewable Energy | Grid Solutions equipment and services
Disaggregation of Revenue [Line Items]
Total revenues	668	795
Operating segments | Renewable Energy | Hydro, Offshore Wind and Hybrid Solutions
Disaggregation of Revenue [Line Items]
Total revenues	297	335
Operating segments | Power
Disaggregation of Revenue [Line Items]
Total revenues	3,501	3,921
Operating segments | Power | Equipment
Disaggregation of Revenue [Line Items]
Total revenues	965	1,241
Operating segments | Power | Services
Disaggregation of Revenue [Line Items]
Total revenues	2,536	2,679
Operating segments | Power | Gas Power
Disaggregation of Revenue [Line Items]
Total revenues	2,489	2,829
Operating segments | Power | Steam Power
Disaggregation of Revenue [Line Items]
Total revenues	636	706
Operating segments | Power | Power Conversion, Nuclear and other
Disaggregation of Revenue [Line Items]
Total revenues	377	385
Corporate
Disaggregation of Revenue [Line Items]
Total revenues	$ 702	$ 603

REVENUES - Remaining Performanc

REVENUES - Remaining Performance Obligation (Details) $ in Millions	Mar. 31, 2022USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	$ 240,740
Equipment
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	45,687
Services
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	$ 195,053

REVENUES - Remaining Performa_2

REVENUES - Remaining Performance Obligation (Percentage and Period) (Details) - Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-04-01	Mar. 31, 2022
Equipment | Performance Obligation Satisfaction, Period One
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation expected to be satisfied (as a percent)	56.00%
Performance obligations expected to be satisfied, expected timing	1 year
Equipment | Performance Obligation Satisfaction, Period Two
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 | Performance Obligation Satisfaction, Period Three
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation expected to be satisfied (as a percent)	98.00%
Performance obligations expected to be satisfied, expected timing	5 years
Services | Performance Obligation Satisfaction, Period One
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation expected to be satisfied (as a percent)	11.00%
Performance obligations expected to be satisfied, expected timing	1 year
Services | Performance Obligation Satisfaction, Period Two
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation expected to be satisfied (as a percent)	41.00%
Performance obligations expected to be satisfied, expected timing	5 years
Services | Performance Obligation Satisfaction, Period Three
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation expected to be satisfied (as a percent)	63.00%
Performance obligations expected to be satisfied, expected timing	10 years
Services | Performance Obligation Satisfaction, Period Four
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation expected to be satisfied (as a percent)	81.00%
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, 2022	Mar. 31, 2021
Capitalized Contract Cost [Line Items]
Increase (decrease) in contract and other deferred assets	$ (600)
Increase (decrease) in progress collections and deferred income due to timing of revenue recognition	(1,201)
Revenue recognized included in contract liability	4,638	$ 5,984
Long-term | Services
Capitalized Contract Cost [Line Items]
Increase (decrease) due to billings	(2,772)
Revenues recognized	2,329
Long-term | Services | Aviation
Capitalized Contract Cost [Line Items]
Net favorable (unfavorable) change in estimated profitability	(16)
Long-term | Services | Power
Capitalized Contract Cost [Line Items]
Net favorable (unfavorable) change in estimated profitability	$ (20)

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, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current contract assets	$ 4,246	$ 4,881
Nonrecurring engineering costs	2,580	2,550
Customer advances and other	3,579	3,574
Non-current contract and other deferred assets	6,159	6,124
Total contract and other deferred assets	10,405	11,005
Services
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues in excess of billings	7,683	7,972
Billings in excess of revenues	(7,514)	(7,346)
Services | Long-term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current contract assets	168	627
Services | Short-term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current contract assets	778	692
Equipment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current contract assets	3,300	3,562
Operating segments | Aviation
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current contract assets	(3,145)	(2,881)
Nonrecurring engineering costs	2,516	2,479
Customer advances and other	2,625	2,620
Non-current contract and other deferred assets	5,141	5,099
Total contract and other deferred assets	1,996	2,218
Operating segments | Aviation | Services
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues in excess of billings	2,289	2,478
Billings in excess of revenues	(5,852)	(5,731)
Operating segments | Aviation | Services | Long-term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current contract assets	(3,564)	(3,253)
Operating segments | Aviation | Services | Short-term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current contract assets	383	340
Operating segments | Aviation | Equipment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current contract assets	35	33
Operating segments | Healthcare
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current contract assets	475	453
Nonrecurring engineering costs	30	31
Customer advances and other	158	154
Non-current contract and other deferred assets	189	184
Total contract and other deferred assets	664	637
Operating segments | Healthcare | Services
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues in excess of billings	0	0
Billings in excess of revenues	0	0
Operating segments | Healthcare | Services | Long-term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current contract assets	0	0
Operating segments | Healthcare | Services | Short-term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current contract assets	172	166
Operating segments | Healthcare | Equipment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current contract assets	303	287
Operating segments | Renewable Energy
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current contract assets	1,343	1,384
Nonrecurring engineering costs	24	28
Customer advances and other	0	0
Non-current contract and other deferred assets	24	28
Total contract and other deferred assets	1,367	1,412
Operating segments | Renewable Energy | Services
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues in excess of billings	0	0
Billings in excess of revenues	0	0
Operating segments | Renewable Energy | Services | Long-term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current contract assets	0	0
Operating segments | Renewable Energy | Services | Short-term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current contract assets	112	87
Operating segments | Renewable Energy | Equipment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current contract assets	1,231	1,297
Operating segments | Power
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current contract assets	5,339	5,669
Nonrecurring engineering costs	10	12
Customer advances and other	796	801
Non-current contract and other deferred assets	806	813
Total contract and other deferred assets	6,145	6,482
Operating segments | Power | Services
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues in excess of billings	5,394	5,495
Billings in excess of revenues	(1,662)	(1,614)
Operating segments | Power | Services | Long-term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current contract assets	3,732	3,880
Operating segments | Power | Services | Short-term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current contract assets	94	80
Operating segments | Power | Equipment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current contract assets	1,513	1,709
Corporate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current contract assets	233	256
Nonrecurring engineering costs	0	0
Customer advances and other	0	0
Non-current contract and other deferred assets	0	0
Total contract and other deferred assets	233	256
Corporate | Services
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenues in excess of billings	0	0
Billings in excess of revenues	0	0
Corporate | Services | Long-term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current contract assets	0	0
Corporate | Services | Short-term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current contract assets	16	20
Corporate | Equipment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current contract assets	$ 217	$ 236

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, 2022	Dec. 31, 2021
Capitalized Contract Cost [Line Items]
Current deferred income	$ 1,886	$ 1,835
Progress collections and deferred income	16,206	17,372
Non-current deferred income	1,953	1,989
Total Progress collections and deferred income	18,159	19,361
Equipment
Capitalized Contract Cost [Line Items]
Progress collections	5,818	7,183
Other
Capitalized Contract Cost [Line Items]
Progress collections	8,502	8,354
Operating segments | Aviation
Capitalized Contract Cost [Line Items]
Current deferred income	144	170
Progress collections and deferred income	4,910	4,782
Non-current deferred income	1,099	1,090
Total Progress collections and deferred income	6,009	5,871
Operating segments | Aviation | Equipment
Capitalized Contract Cost [Line Items]
Progress collections	112	142
Operating segments | Aviation | Other
Capitalized Contract Cost [Line Items]
Progress collections	4,654	4,469
Operating segments | Healthcare
Capitalized Contract Cost [Line Items]
Current deferred income	1,396	1,336
Progress collections and deferred income	1,934	1,858
Non-current deferred income	585	592
Total Progress collections and deferred income	2,519	2,450
Operating segments | Healthcare | Equipment
Capitalized Contract Cost [Line Items]
Progress collections	0	0
Operating segments | Healthcare | Other
Capitalized Contract Cost [Line Items]
Progress collections	538	522
Operating segments | Renewable Energy
Capitalized Contract Cost [Line Items]
Current deferred income	226	198
Progress collections and deferred income	4,943	4,907
Non-current deferred income	169	194
Total Progress collections and deferred income	5,112	5,101
Operating segments | Renewable Energy | Equipment
Capitalized Contract Cost [Line Items]
Progress collections	1,921	1,843
Operating segments | Renewable Energy | Other
Capitalized Contract Cost [Line Items]
Progress collections	2,795	2,866
Operating segments | Power
Capitalized Contract Cost [Line Items]
Current deferred income	12	33
Progress collections and deferred income	4,184	5,615
Non-current deferred income	99	110
Total Progress collections and deferred income	4,283	5,725
Operating segments | Power | Equipment
Capitalized Contract Cost [Line Items]
Progress collections	3,785	5,198
Operating segments | Power | Other
Capitalized Contract Cost [Line Items]
Progress collections	386	385
Corporate
Capitalized Contract Cost [Line Items]
Current deferred income	107	99
Progress collections and deferred income	236	210
Non-current deferred income	2	3
Total Progress collections and deferred income	237	213
Corporate | Equipment
Capitalized Contract Cost [Line Items]
Progress collections	0	0
Corporate | Other
Capitalized Contract Cost [Line Items]
Progress collections	$ 129	$ 111

ALL OTHER ASSETS (Details)

ALL OTHER ASSETS (Details) $ in Millions	3 Months Ended
	Mar. 31, 2022USD ($)
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Increase in other non-current assets	$ 727
Increase in insurance cash and cash equivalents	441
Increase in equity method and other investments	187
Increase in pension surplus	$ 183

BORROWINGS - Schedule of Borrow

BORROWINGS - Schedule of Borrowings (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Short-term borrowings
Total short-term borrowings	$ 4,985	$ 4,361
Long-term borrowings
Long-term borrowings and lease obligation	28,649	30,824
Total borrowings	33,633	35,186
Other
Long-term borrowings
Long-term borrowings and lease obligation	873	870
Debt issued by GE | Senior notes
Long-term borrowings
Long-term borrowings	5,232	5,373
Debt assumed by GE | Senior and subordinated notes
Long-term borrowings
Long-term borrowings	10,196	11,306
Debt issued by GE Capital | Senior notes
Long-term borrowings
Long-term borrowings	12,348	13,274
Senior notes | Debt issued by GE
Short-term borrowings
Current portion of long-term borrowings	1,228	1,249
Senior notes | Debt issued by GE Capital
Short-term borrowings
Current portion of long-term borrowings	1,099	1,370
Senior and subordinated notes | Debt assumed by GE
Short-term borrowings
Current portion of long-term borrowings	2,516	1,645
Other
Short-term borrowings
Other	$ 142	$ 97

BORROWINGS - Narrative (Details

BORROWINGS - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Non-recourse borrowings of consolidated securitization entities
Guarantor Obligations [Line Items]
Debt assumed by GE upon merger	$ 12,547	$ 13,719

INSURANCE LIABILITIES AND ANN_3

INSURANCE LIABILITIES AND ANNUITY BENEFITS - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
Insurance revenues	$ 767	$ 755
Net earnings (loss)	(1,014)	(2,798)
Assets	191,961		$ 198,874
Claims incurred	387	454
Paid claims	443	424
Reinsurance recoverables, allowances	1,685		1,654
Reinsurance recoverables, net	2,674		2,651
Run-off Insurance Operations
Disaggregation of Revenue [Line Items]
Insurance revenues	767	755
Gross profit (loss)	225	138
Net earnings (loss)	178	$ 111
Assets	$ 48,378		$ 49,894

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, 2022	Dec. 31, 2021
Liability for Claims and Claims Adjustment Expense [Line Items]
Future policy benefit reserves	$ 26,114	$ 29,581
Claim reserves	5,344	5,389
Investment contracts	1,883	1,909
Unearned premiums and other	285	287
Total	33,626	37,166
Other adjustments	0	3,394
Decrease in other adjustment of insurance liabilities and annuity benefits	3,394
Long-term care
Liability for Claims and Claims Adjustment Expense [Line Items]
Future policy benefit reserves	17,112	17,097
Claim reserves	4,526	4,546
Investment contracts	0	0
Unearned premiums and other	12	15
Total	21,650	21,658
Structured settlement annuities & life
Liability for Claims and Claims Adjustment Expense [Line Items]
Future policy benefit reserves	8,811	8,902
Claim reserves	267	258
Investment contracts	933	955
Unearned premiums and other	187	184
Total	10,198	10,299
Other contracts
Liability for Claims and Claims Adjustment Expense [Line Items]
Future policy benefit reserves	191	188
Claim reserves	551	585
Investment contracts	950	954
Unearned premiums and other	86	89
Total	$ 1,778	$ 1,815

POSTRETIREMENT BENEFIT PLANS -

POSTRETIREMENT BENEFIT PLANS - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2022USD ($)category	Mar. 31, 2021USD ($)
Defined Benefit Plan Disclosure [Line Items]
Number of categories | category	3
Defined contribution plan costs	$ 110	$ 108
Principal retiree benefit plans
Defined Benefit Plan Disclosure [Line Items]
Plans cost (income)	(52)	(40)
Other pension plans
Defined Benefit Plan Disclosure [Line Items]
Plans cost (income)	$ (117)	$ (24)

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, 2022	Mar. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Service cost for benefits earned	$ 49	$ 64
Prior service cost amortization	2	7
Expected return on plan assets	(786)	(763)
Interest cost on benefit obligations	517	486
Net actuarial loss amortization	361	864
Benefit plans cost	$ 143	$ 658

CURRENT AND ALL OTHER LIABILI_2

CURRENT AND ALL OTHER LIABILITIES (Details) $ in Millions	3 Months Ended
	Mar. 31, 2022USD ($)
Other Liabilities Disclosure [Abstract]
Increase (decrease) in other current liabilities	$ 239
Increase in sales allowances, equipment projects and other commercial liabilities	277
Increase in taxes payable	278
Decrease in employee compensation and benefit liabilities	432
Increase (decrease) in other noncurrent liabilities	(763)
Decrease in uncertain and other tax positions and related liabilities	(369)
Decrease in operating lease liabilities	$ 169

INCOME TAXES (Details)

INCOME TAXES (Details)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Effective income tax rate	(38.80%)	59.70%

SHAREHOLDERS' EQUITY - Schedule

SHAREHOLDERS' EQUITY - Schedule of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	$ 41,612
Ending balance	$ 40,283	$ 35,153
Dividends declared per common share (in dollars per share)	$ 0.08	$ 0.08
Adjustments to investment securities before reclassifications	$ 2,681	$ 2,038
Accumulated other comprehensive income (loss)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	1,582	(9,749)
Ending balance	1,341	(8,893)
Currency translation adjustments including noncontrolling interests
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	(4,562)	(4,386)
AOCI before reclass, net of taxes	(166)	110
Reclass from AOCI, net of taxes	0	0
Other comprehensive income (loss)	(166)	110
AOCI before reclass, taxes	94	(57)
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)	(4)	2
Currency translation adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Other comprehensive income (loss)	(162)	108
Ending balance	(4,724)	(4,278)
Benefit plans including noncontrolling interests
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	3,646	(5,395)
AOCI before reclass, net of taxes	54	16
Reclass from AOCI, net of taxes	186	689
Other comprehensive income (loss)	240	705
AOCI before reclass, taxes	25	(47)
Reclass from AOCI, taxes	55	194
Benefit plans attributable to noncontrolling interests
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Other comprehensive income (loss)	2	1
Benefit plans
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Other comprehensive income (loss)	238	704
Ending balance	3,884	(4,691)
Investment securities and cash flow hedges
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	2,498	32
AOCI before reclass, net of taxes	(312)	10
Reclass from AOCI, net of taxes	(5)	34
Other comprehensive income (loss)	(317)	44
Ending balance	2,181	76
AOCI before reclass, taxes	(88)	(3)
Reclass from AOCI, taxes	$ 1	$ 14

EARNINGS PER SHARE INFORMATIO_2

EARNINGS PER SHARE INFORMATION (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Diluted
Earnings (loss) from continuing operations	$ (757)	$ 90
Preferred stock dividends	(52)	(72)
Accretion of redeemable noncontrolling interests, net of tax(a)	0	2
Earnings (loss) from continuing operations attributable to common shareholders	(809)	20
Earnings (loss) from discontinued operations	(286)	(2,897)
Net earnings (loss) attributable to GE common shareholders	$ (1,094)	$ (2,874)
Total average equivalent shares (in shares)	1,100	1,096
Employee compensation-related shares (including stock options) (in shares)	0	4
Total average equivalent shares (in shares)	1,100	1,101
Earnings per share from continuing operations (in dollars per share)	$ (0.74)	$ 0.02
Earnings (loss) per share from discontinued operations (in dollars per share)	(0.26)	(2.63)
Net earnings (loss) per share (in dollars per share)	$ (0.99)	$ (2.61)
Potentially dilutive securities	43	48
Basic
Earnings (loss) from continuing operations	$ (757)	$ 92
Preferred stock dividends	(52)	(72)
Accretion of redeemable noncontrolling interests, net of tax(a)	0	2
Earnings (loss) from continuing operations attributable to common shareholders	(809)	22
Earnings (loss) from discontinued operations	(286)	(2,894)
Net earnings (loss) attributable to GE common shareholders	$ (1,094)	$ (2,872)
Earnings per share from continuing operations (in dollars per share)	$ (0.74)	$ 0.02
Earnings (loss) per share from discontinued operations (in dollars per share)	(0.26)	(2.64)
Net earnings (loss) per share (in dollars per share)	$ (0.99)	$ (2.62)

OTHER INCOME (Details)

OTHER INCOME (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Purchases and sales of business interests	$ 15	$ 3
Licensing and royalty income	64	48
Net interest and investment income (loss)	(132)	446
Other items	84	196
Total	73	673
Pre-tax unrealized and realized gain	(214)	296
Pre-tax unrealized gain (loss)	(377)	238
Nonoperating income (expense)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Equity method income	41	(20)
Baker Hughes
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Pre-tax unrealized and realized gain	1,515	$ 296
AerCap
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Pre-tax unrealized gain (loss)	$ (1,736)

FINANCIAL INSTRUMENTS - Assets

FINANCIAL INSTRUMENTS - Assets and Liabilities Not Carried at Fair Value (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Liabilities
Investment contracts (Note 12)	$ 1,883	$ 1,909
Carrying amount (net)
Assets
Loans and other receivables	2,561	2,706
Liabilities
Borrowings (Note 11)	33,633	35,186
Investment contracts (Note 12)	1,883	1,909
Estimated fair value
Assets
Loans and other receivables	2,598	2,853
Liabilities
Borrowings (Note 11)	36,586	41,207
Investment contracts (Note 12)	$ 2,122	$ 2,282

FINANCIAL INSTRUMENTS - Fair Va

FINANCIAL INSTRUMENTS - Fair Value of Derivatives (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Derivative [Line Items]
Gross Notional	$ 74,104	$ 76,425
All other assets
Gross derivatives	1,704	1,374
Netting and credit adjustments	(975)	(637)
Cash collateral adjustments	0	(54)
Net derivatives recognized in statement of financial position	729	684
Net accrued interest	3	10
Securities held as collateral	(2)	(2)
Net amount	731	691
All other liabilities
Gross derivatives	1,459	893
Netting and credit adjustments	(978)	(639)
Cash collateral adjustments	(87)	(42)
Net derivatives recognized in statement of financial position	394	212
Net accrued interest	10	5
Securities held as collateral	0	0
Net amount	403	217
Derivatives accounted for as hedges
Derivative [Line Items]
Gross Notional	7,893	9,285
All other assets
Gross derivatives	186	188
All other liabilities
Gross derivatives	195	126
Derivatives accounted for as hedges | Interest rate contracts
Derivative [Line Items]
Gross Notional	1,473	2,071
All other assets
Gross derivatives	47	75
All other liabilities
Gross derivatives	3	4
Derivatives accounted for as hedges | Currency exchange contracts
Derivative [Line Items]
Gross Notional	6,420	7,214
All other assets
Gross derivatives	139	114
All other liabilities
Gross derivatives	192	122
Derivatives not accounted for as hedges
Derivative [Line Items]
Gross Notional	66,211	67,140
All other assets
Gross derivatives	1,518	1,186
All other liabilities
Gross derivatives	1,264	767
Derivatives not accounted for as hedges | Interest rate contracts
Derivative [Line Items]
Gross Notional	155	1,369
All other assets
Gross derivatives	6	5
All other liabilities
Gross derivatives	0	1
Derivatives not accounted for as hedges | Currency exchange contracts
Derivative [Line Items]
Gross Notional	63,817	64,097
All other assets
Gross derivatives	1,123	794
All other liabilities
Gross derivatives	1,236	756
Derivatives not accounted for as hedges | Other contracts
Derivative [Line Items]
Gross Notional	2,239	1,674
All other assets
Gross derivatives	389	387
All other liabilities
Gross derivatives	$ 28	$ 10

FINANCIAL INSTRUMENTS - Fair _2

FINANCIAL INSTRUMENTS - Fair Value Hedges, Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Cumulative amount of fair value hedging adjustments	$ 1,931	$ 3,826
Cumulative amount of fair value hedging on discontinued hedging relationships	2,011	2,330
Hedged liability	$ 15,636	$ 26,926

FINANCIAL INSTRUMENTS - Effects

FINANCIAL INSTRUMENTS - Effects of Derivatives on AOCI (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Derivative [Line Items]
Gain (loss) recognized in AOCI, cash flow hedges	$ (5,000,000)	$ 36,000,000
Gain (loss) recognized in AOCI, net investment hedges	112,000,000	272,000,000
Reclassified from AOCI into earnings, investment hedges	0	0
Foreign currency debt
Derivative [Line Items]
Carrying value designated as net investment hedges	$ 3,934,000,000	$ 8,106,000,000

FINANCIAL INSTRUMENTS - Cash Fl

FINANCIAL INSTRUMENTS - Cash Flow and Net Investment Hedges, Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Pre-tax gain (loss) in AOCI related to cash flow hedges of forecasted transactions	$ 35
Gain expected to be transferred to earnings as an expense	21
Gain (loss) reclassified to earnings	$ (24)	$ (33)
Maximum term of hedged forecasted transactions	13 years

FINANCIAL INSTRUMENTS - Effec_2

FINANCIAL INSTRUMENTS - Effects of Derivatives on Earnings (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total revenues	$ 17,040,000,000	$ 17,071,000,000
Interest and other financial charges	406,000,000	500,000,000
SG&A	3,651,000,000	2,894,000,000
Other	12,526,000,000	13,211,000,000
Gain (loss) reclassified to earnings	(24,000,000)	(33,000,000)
Fair Value Hedges
Debt extinguishment costs	0	0
Revenues
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) reclassified to earnings	3,000,000	7,000,000
Fair Value Hedges
Total effect of derivatives not designated as hedges	1,000,000	1,000,000
Interest Expense
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) reclassified to earnings	(7,000,000)	(8,000,000)
Fair Value Hedges
Hedged items	78,000,000	1,843,000,000
Derivatives designated as hedging instruments	(87,000,000)	(1,899,000,000)
Total effect of fair value hedges	(9,000,000)	(56,000,000)
Total effect of derivatives not designated as hedges	0	(9,000,000)
SG&A
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) reclassified to earnings	0	0
Fair Value Hedges
Total effect of derivatives not designated as hedges	(105,000,000)	114,000,000
Other
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) reclassified to earnings	(21,000,000)	(32,000,000)
Fair Value Hedges
Total effect of derivatives not designated as hedges	(55,000,000)	359,000,000
Interest rate contracts | Revenues
Fair Value Hedges
Total effect of derivatives not designated as hedges	1,000,000	1,000,000
Interest rate contracts | Interest Expense
Fair Value Hedges
Total effect of derivatives not designated as hedges		(9,000,000)
Interest rate contracts | SG&A
Fair Value Hedges
Total effect of derivatives not designated as hedges
Interest rate contracts | Other
Fair Value Hedges
Total effect of derivatives not designated as hedges	20,000,000	(1,000,000)
Currency exchange contracts | Revenues
Fair Value Hedges
Total effect of derivatives not designated as hedges	1,000,000
Currency exchange contracts | Interest Expense
Fair Value Hedges
Total effect of derivatives not designated as hedges
Currency exchange contracts | SG&A
Fair Value Hedges
Total effect of derivatives not designated as hedges	(68,000,000)	59,000,000
Currency exchange contracts | Other
Fair Value Hedges
Total effect of derivatives not designated as hedges	(79,000,000)	342,000,000
Other | Revenues
Fair Value Hedges
Total effect of derivatives not designated as hedges
Other | Interest Expense
Fair Value Hedges
Total effect of derivatives not designated as hedges
Other | SG&A
Fair Value Hedges
Total effect of derivatives not designated as hedges	(37,000,000)	55,000,000
Other | Other
Fair Value Hedges
Total effect of derivatives not designated as hedges	$ 4,000,000	$ 19,000,000

FINANCIAL INSTRUMENTS - Counter

FINANCIAL INSTRUMENTS - Counterparty Credit Risk, Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Derivative [Line Items]
Net amount	$ 403	$ 217
Counterparty credit risk
Derivative [Line Items]
Exposure to counterparties including interest net collateral, excluding embedded derivatives	561	564
Net amount	$ 299	$ 159

VARIABLE INTEREST ENTITIES (Det

VARIABLE INTEREST ENTITIES (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Variable Interest Entity [Line Items]
Assets	$ 191,961	$ 198,874
Liabilities	151,678	157,262
Consolidated VIE
Variable Interest Entity [Line Items]
Assets	443	491
Liabilities	192	206
Unconsolidated VIEs
Variable Interest Entity [Line Items]
Assets	5,310	5,034
Unconsolidated VIEs | EFS
Variable Interest Entity [Line Items]
Assets	1,479	1,481
Unconsolidated VIEs | Insurance
Variable Interest Entity [Line Items]
Assets	$ 3,608	$ 3,333

COMMITMENTS, GUARANTEES, PROD_2

COMMITMENTS, GUARANTEES, PRODUCT WARRANTIES AND OTHER LOSS CONTINGENCIES - Commitments (Details) $ in Millions	Mar. 31, 2022USD ($)
Investment Commitments
Long-term Purchase Commitment [Line Items]
Commitments	$ 3,509
Run-off Insurance Operations
Long-term Purchase Commitment [Line Items]
Commitments	3,302
Run-off insurance operations, unconsolidated VIE investment commitment
Long-term Purchase Commitment [Line Items]
Commitments	3,149
Aviation | Financial Assistance
Long-term Purchase Commitment [Line Items]
Commitments	$ 2,000

COMMITMENTS, GUARANTEES, PROD_3

COMMITMENTS, GUARANTEES, PRODUCT WARRANTIES AND OTHER LOSS CONTINGENCIES - Product Warranties (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Liability for product warranties	$ 1,846	$ 1,891

COMMITMENTS, GUARANTEES, PROD_4

COMMITMENTS, GUARANTEES, PRODUCT WARRANTIES AND OTHER LOSS CONTINGENCIES - Alstom Legacy Matters (Details) - Alstom Legacy Matters - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021	Nov. 30, 2015
Loss Contingencies [Line Items]
Reserve established for legal and compliance matters			$ 858
Loss contingency accrual	$ 544	$ 567

COMMITMENTS, GUARANTEES, PROD_5

COMMITMENTS, GUARANTEES, PRODUCT WARRANTIES AND OTHER LOSS CONTINGENCIES - Bank BPH (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Total portfolio carrying value	$ 191,961	$ 198,874
Discontinued operations | Bank BPH
Related Party Transaction [Line Items]
Percentage indexed to or denominated in foreign currencies	87.00%
Bank BPH | Bank BPH
Related Party Transaction [Line Items]
Estimate loss	$ 920

SEGMENT OPERATIONS (Details)

SEGMENT OPERATIONS (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Segment Reporting Information [Line Items]
Total revenues	$ 17,040	$ 17,071
Revenues, V%	0.00%
Interest and other financial charges	$ (406)	(500)
Non-operating benefit income (cost)	137	(430)
Benefit (provision) for income taxes	(204)	(142)
Preferred stock dividends	(52)	(72)
Earnings (loss) from continuing operations attributable to GE common shareholders	(809)	20
Earnings (loss) from discontinued operations attributable to GE common shareholders	(286)	(2,894)
Net earnings (loss) attributable to GE common shareholders	$ (1,094)	(2,874)
Net earnings (loss) attributable to GE common shareholders, V%	62.00%
Operating segments
Segment Reporting Information [Line Items]
Total revenues	$ 16,337	16,468
Revenues, V%	(1.00%)
Segment profit (loss)	$ 1,075	1,019
Segment profit (loss), V%	5.00%
Operating segments | Aviation
Segment Reporting Information [Line Items]
Total revenues	$ 5,603	4,992
Revenues, V%	12.00%
Segment profit (loss)	$ 908	641
Segment profit (loss), V%	42.00%
Operating segments | Healthcare
Segment Reporting Information [Line Items]
Total revenues	$ 4,363	4,308
Revenues, V%	1.00%
Segment profit (loss)	$ 538	698
Segment profit (loss), V%	(23.00%)
Operating segments | Renewable Energy
Segment Reporting Information [Line Items]
Total revenues	$ 2,871	3,248
Revenues, V%	(12.00%)
Segment profit (loss)	$ (434)	(234)
Segment profit (loss), V%	(85.00%)
Operating segments | Power
Segment Reporting Information [Line Items]
Total revenues	$ 3,501	3,921
Revenues, V%	(11.00%)
Segment profit (loss)	$ 63	(87)
Corporate
Segment Reporting Information [Line Items]
Total revenues	$ 702	603
Revenues, V%	16.00%
Segment profit (loss)	$ (1,328)	160
Corporate | EFS
Segment Reporting Information [Line Items]
Interest and other financial charges	(16)	(15)
Benefit (provision) for income taxes	47	31
Segment reconciling items
Segment Reporting Information [Line Items]
Interest and other financial charges	$ (390)	(485)
GE interest and other financial charges, V%	20.00%
Non-operating benefit income (cost)	$ 137	(430)
Benefit (provision) for income taxes	$ (251)	(173)
Benefit (provision) for income taxes, V%	(45.00%)
Preferred stock dividends	$ (52)	$ (72)
Preferred stock dividends, V%	28.00%
Earnings (loss) from discontinued operations attributable to GE common shareholders, V%	90.00%