RESULTS OF DISCONTINUED OPERATIONS For the year ended December 31, 2020 | Baker Hughes | Transportation and Other | \u00a0GE Capital | Total | |||||||||||||||||||
| Sales of goods and services | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | |||||||||||||||
| GE Capital revenues and other income (loss) | \u2014\u00a0 | \u2014\u00a0 | 55\u00a0 | 55\u00a0 | |||||||||||||||||||
| Cost of goods and services sold | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | |||||||||||||||||||
| Other income, costs and expenses | 2\u00a0 | \u2014\u00a0 | (252) | (249) | |||||||||||||||||||
| \u2014\u00a0 | |||||||||||||||||||||||
| Earnings (loss) of discontinued operations before income taxes | 2\u00a0 | \u2014\u00a0 | (197) | (195) | |||||||||||||||||||
| Benefit (provision) for income taxes | (13) | 9\u00a0 | 105\u00a0 | 101\u00a0 | |||||||||||||||||||
| Earnings (loss) of discontinued operations, net of taxes(a) | (10) | 9\u00a0 | (92) | (93) | |||||||||||||||||||
| Gain (loss) on disposal before income taxes | (23) | (12) | 3\u00a0 | (31) | |||||||||||||||||||
| Benefit (provision) for income taxes | \u2014\u00a0 | \u2014\u00a0 | (1) | (1) | |||||||||||||||||||
| Gain (loss) on disposal, net of taxes | (23) | (12) | 2\u00a0 | (32) | |||||||||||||||||||
| Earnings (loss) from discontinued operations, net of taxes | $ | (33) | $ | (3) | $ | (90) | $ | (125) |
For the year ended December 31, 2019 | |||||||||||||||||||||||
| Sales of goods and services | $ | 16,047\u00a0 | $ | 550\u00a0 | $ | \u2014\u00a0 | $ | 16,598\u00a0 | |||||||||||||||
| GE Capital revenues and other income (loss) | \u2014\u00a0 | \u2014\u00a0 | 33\u00a0 | 33\u00a0 | |||||||||||||||||||
| Cost of goods and services sold | (13,317) | (478) | \u2014\u00a0 | (13,795) | |||||||||||||||||||
| Other income, costs and expenses | (2,390) | (19) | (240) | (2,650) | |||||||||||||||||||
| Earnings (loss) of discontinued operations before income taxes | 340\u00a0 | 53\u00a0 | (207) | 186\u00a0 | |||||||||||||||||||
| Benefit (provision) for income taxes | (176) | (15) | 344\u00a0 | 153\u00a0 | |||||||||||||||||||
| Earnings (loss) of discontinued operations, net of taxes(a) | 165\u00a0 | 39\u00a0 | 136\u00a0 | 339\u00a0 | |||||||||||||||||||
| Gain (loss) on disposal before income taxes | (8,715) | 3,471\u00a0 | 61\u00a0 | (5,183) | |||||||||||||||||||
| Benefit (provision) for income taxes | 477\u00a0 | (963) | (5) | (491) | |||||||||||||||||||
| Gain (loss) on disposal, net of taxes | (8,238) | 2,508\u00a0 | 56\u00a0 | (5,675) | |||||||||||||||||||
| Earnings (loss) from discontinued operations, net of taxes | $ | (8,074) | $ | 2,547\u00a0 | $ | 192\u00a0 | $ | (5,335) |
For the year ended December 31, 2018 | |||||||||||||||||||||||
| Sales of goods and services | $ | 22,859\u00a0 | $ | 3,898\u00a0 | $ | \u2014\u00a0 | $ | 26,757\u00a0 | |||||||||||||||
| GE Capital revenues and other income (loss) | \u2014\u00a0 | \u2014\u00a0 | (1,347) | (1,347) | |||||||||||||||||||
| Cost of goods and services sold | (19,198) | (2,809) | \u2014\u00a0 | (22,007) | |||||||||||||||||||
| Other income, costs and expenses | (3,346) | (607) | (407) | (4,360) | |||||||||||||||||||
| Earnings (loss) of discontinued operations before income taxes | 315\u00a0 | 482\u00a0 | (1,755) | (958) | |||||||||||||||||||
| Benefit (provision) for income taxes | (347) | (143) | 82\u00a0 | (408) | |||||||||||||||||||
| Earnings (loss) of discontinued operations, net of taxes(a) | (33) | 339\u00a0 | (1,673) | (1,366) | |||||||||||||||||||
| Gain (loss) on disposal before income taxes | \u2014\u00a0 | \u2014\u00a0 | 4\u00a0 | 4\u00a0 | |||||||||||||||||||
| Benefit (provision) for income taxes | \u2014\u00a0 | \u2014\u00a0 | (1) | (1) | |||||||||||||||||||
| Gain (loss) on disposal, net of taxes | \u2014\u00a0 | \u2014\u00a0 | 3\u00a0 | 3\u00a0 | |||||||||||||||||||
| Earnings (loss) from discontinued operations, net of taxes | $ | (33) | $ | 339\u00a0 | $ | (1,670) | $ | (1,363) |
December 31 | 2020 | 2019 | ||||||
| Cash, cash equivalents and restricted cash | $ | 524\u00a0 | $ | 638\u00a0 | ||||
| Investment securities | \u2014\u00a0 | 202\u00a0 | ||||||
| Current receivables | 61\u00a0 | 81\u00a0 | ||||||
| Financing receivables held for sale (Polish mortgage portfolio) | 2,437\u00a0 | 2,485\u00a0 | ||||||
| Property, plant and equipment - net | 109\u00a0 | 123\u00a0 | ||||||
| Deferred income taxes | 199\u00a0 | 264\u00a0 | ||||||
| All other assets | 202\u00a0 | 317\u00a0 | ||||||
Assets of discontinued operations(a) | $ | 3,532\u00a0 | $ | 4,109\u00a0 | ||||
| Accounts payable & Progress collections and deferred income | $ | 20\u00a0 | $ | 40\u00a0 | ||||
| All other liabilities | 180\u00a0 | 163\u00a0 | ||||||
Liabilities of discontinued operations(a)(b) | $ | 200\u00a0 | $ | 203\u00a0 |
RESULTS OF DISCONTINUED OPERATIONS For the year ended December 31, 2020 | Baker Hughes | Transportation and Other | \u00a0GE Capital | Total | |||||||||||||||||||
| Sales of goods and services | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | |||||||||||||||
| GE Capital revenues and other income (loss) | \u2014\u00a0 | \u2014\u00a0 | 55\u00a0 | 55\u00a0 | |||||||||||||||||||
| Cost of goods and services sold | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | |||||||||||||||||||
| Other income, costs and expenses | 2\u00a0 | \u2014\u00a0 | (252) | (249) | |||||||||||||||||||
| \u2014\u00a0 | |||||||||||||||||||||||
| Earnings (loss) of discontinued operations before income taxes | 2\u00a0 | \u2014\u00a0 | (197) | (195) | |||||||||||||||||||
| Benefit (provision) for income taxes | (13) | 9\u00a0 | 105\u00a0 | 101\u00a0 | |||||||||||||||||||
| Earnings (loss) of discontinued operations, net of taxes(a) | (10) | 9\u00a0 | (92) | (93) | |||||||||||||||||||
| Gain (loss) on disposal before income taxes | (23) | (12) | 3\u00a0 | (31) | |||||||||||||||||||
| Benefit (provision) for income taxes | \u2014\u00a0 | \u2014\u00a0 | (1) | (1) | |||||||||||||||||||
| Gain (loss) on disposal, net of taxes | (23) | (12) | 2\u00a0 | (32) | |||||||||||||||||||
| Earnings (loss) from discontinued operations, net of taxes | $ | (33) | $ | (3) | $ | (90) | $ | (125) |
For the year ended December 31, 2019 | |||||||||||||||||||||||
| Sales of goods and services | $ | 16,047\u00a0 | $ | 550\u00a0 | $ | \u2014\u00a0 | $ | 16,598\u00a0 | |||||||||||||||
| GE Capital revenues and other income (loss) | \u2014\u00a0 | \u2014\u00a0 | 33\u00a0 | 33\u00a0 | |||||||||||||||||||
| Cost of goods and services sold | (13,317) | (478) | \u2014\u00a0 | (13,795) | |||||||||||||||||||
| Other income, costs and expenses | (2,390) | (19) | (240) | (2,650) | |||||||||||||||||||
| Earnings (loss) of discontinued operations before income taxes | 340\u00a0 | 53\u00a0 | (207) | 186\u00a0 | |||||||||||||||||||
| Benefit (provision) for income taxes | (176) | (15) | 344\u00a0 | 153\u00a0 | |||||||||||||||||||
| Earnings (loss) of discontinued operations, net of taxes(a) | 165\u00a0 | 39\u00a0 | 136\u00a0 | 339\u00a0 | |||||||||||||||||||
| Gain (loss) on disposal before income taxes | (8,715) | 3,471\u00a0 | 61\u00a0 | (5,183) | |||||||||||||||||||
| Benefit (provision) for income taxes | 477\u00a0 | (963) | (5) | (491) | |||||||||||||||||||
| Gain (loss) on disposal, net of taxes | (8,238) | 2,508\u00a0 | 56\u00a0 | (5,675) | |||||||||||||||||||
| Earnings (loss) from discontinued operations, net of taxes | $ | (8,074) | $ | 2,547\u00a0 | $ | 192\u00a0 | $ | (5,335) |
For the year ended December 31, 2018 | |||||||||||||||||||||||
| Sales of goods and services | $ | 22,859\u00a0 | $ | 3,898\u00a0 | $ | \u2014\u00a0 | $ | 26,757\u00a0 | |||||||||||||||
| GE Capital revenues and other income (loss) | \u2014\u00a0 | \u2014\u00a0 | (1,347) | (1,347) | |||||||||||||||||||
| Cost of goods and services sold | (19,198) | (2,809) | \u2014\u00a0 | (22,007) | |||||||||||||||||||
| Other income, costs and expenses | (3,346) | (607) | (407) | (4,360) | |||||||||||||||||||
| Earnings (loss) of discontinued operations before income taxes | 315\u00a0 | 482\u00a0 | (1,755) | (958) | |||||||||||||||||||
| Benefit (provision) for income taxes | (347) | (143) | 82\u00a0 | (408) | |||||||||||||||||||
| Earnings (loss) of discontinued operations, net of taxes(a) | (33) | 339\u00a0 | (1,673) | (1,366) | |||||||||||||||||||
| Gain (loss) on disposal before income taxes | \u2014\u00a0 | \u2014\u00a0 | 4\u00a0 | 4\u00a0 | |||||||||||||||||||
| Benefit (provision) for income taxes | \u2014\u00a0 | \u2014\u00a0 | (1) | (1) | |||||||||||||||||||
| Gain (loss) on disposal, net of taxes | \u2014\u00a0 | \u2014\u00a0 | 3\u00a0 | 3\u00a0 | |||||||||||||||||||
| Earnings (loss) from discontinued operations, net of taxes | $ | (33) | $ | 339\u00a0 | $ | (1,670) | $ | (1,363) |
December 31 | 2020 | 2019 | ||||||
| Cash, cash equivalents and restricted cash | $ | 524\u00a0 | $ | 638\u00a0 | ||||
| Investment securities | \u2014\u00a0 | 202\u00a0 | ||||||
| Current receivables | 61\u00a0 | 81\u00a0 | ||||||
| Financing receivables held for sale (Polish mortgage portfolio) | 2,437\u00a0 | 2,485\u00a0 | ||||||
| Property, plant and equipment - net | 109\u00a0 | 123\u00a0 | ||||||
| Deferred income taxes | 199\u00a0 | 264\u00a0 | ||||||
| All other assets | 202\u00a0 | 317\u00a0 | ||||||
Assets of discontinued operations(a) | $ | 3,532\u00a0 | $ | 4,109\u00a0 | ||||
| Accounts payable & Progress collections and deferred income | $ | 20\u00a0 | $ | 40\u00a0 | ||||
| All other liabilities | 180\u00a0 | 163\u00a0 | ||||||
Liabilities of discontinued operations(a)(b) | $ | 200\u00a0 | $ | 203\u00a0 |
| 2020 | 2019 | ||||||||||||||||||||||||||||
December 31 | Amortized cost | Gross unrealized gains | Gross unrealized losses | Estimated fair value | Amortized cost | Gross unrealized gains | Gross unrealized losses | Estimated fair value | |||||||||||||||||||||
| Equity (Baker Hughes) | $ | 7,319\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 7,319\u00a0 | $ | 9,888\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 9,888\u00a0 | |||||||||||||
| Current investment securities | $ | 7,319\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 7,319\u00a0 | $ | 9,888\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 9,888\u00a0 | |||||||||||||
| Debt | |||||||||||||||||||||||||||||
| U.S. corporate | $ | 23,604\u00a0 | $ | 6,651\u00a0 | $ | (26) | $ | 30,230\u00a0 | $ | 23,037\u00a0 | $ | 4,636\u00a0 | $ | (11) | $ | 27,661\u00a0 | |||||||||||||
| Non-U.S. corporate | 2,283\u00a0 | 458\u00a0 | (1) | 2,740\u00a0 | 2,161\u00a0 | 260\u00a0 | (1) | 2,420\u00a0 | |||||||||||||||||||||
| State and municipal | 3,387\u00a0 | 878\u00a0 | (9) | 4,256\u00a0 | 3,086\u00a0 | 598\u00a0 | (15) | 3,669\u00a0 | |||||||||||||||||||||
| Mortgage and asset-backed | 3,652\u00a0 | 171\u00a0 | (71) | 3,752\u00a0 | 3,117\u00a0 | 116\u00a0 | (4) | 3,229\u00a0 | |||||||||||||||||||||
| Government and agencies | 1,169\u00a0 | 184\u00a0 | \u2014\u00a0 | 1,353\u00a0 | 1,391\u00a0 | 126\u00a0 | \u2014\u00a0 | 1,516\u00a0 | |||||||||||||||||||||
| Other equity | 218\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 218\u00a0 | 136 | \u2014\u00a0 | \u2014\u00a0 | 136 | |||||||||||||||||||||
| Non-current investment securities | $ | 34,313\u00a0 | $ | 8,342\u00a0 | $ | (106) | $ | 42,549\u00a0 | $ | 32,928\u00a0 | $ | 5,736\u00a0 | $ | (31) | $ | 38,632\u00a0 | |||||||||||||
| Total | $ | 41,632\u00a0 | $ | 8,342\u00a0 | $ | (106) | $ | 49,868\u00a0 | $ | 42,816\u00a0 | $ | 5,736\u00a0 | $ | (31) | $ | 48,521\u00a0 |
| For the years ended December 31 | 2020 | 2019 | ||||||
| Purchases of investment securities | $ | (6,031) | $ | (6,205) | ||||
| Dispositions and maturities of investment securities | 4,679\u00a0 | 4,589\u00a0 | ||||||
| Net (purchases) dispositions of GE Capital investment securities | $ | (1,352) | $ | (1,616) |
| Amortized cost | Estimated fair value | |||||||
| Due | ||||||||
| Within one year | $ | 494\u00a0 | $ | 501\u00a0 | ||||
| After one year through five years | 2,781\u00a0 | 3,070\u00a0 | ||||||
| After five years through ten years | 6,390\u00a0 | 7,687\u00a0 | ||||||
| After ten years | 20,778\u00a0 | 27,321\u00a0 |
| 2020 | 2019 | ||||||||||||||||||||||||||||
December 31 | Amortized cost | Gross unrealized gains | Gross unrealized losses | Estimated fair value | Amortized cost | Gross unrealized gains | Gross unrealized losses | Estimated fair value | |||||||||||||||||||||
| Equity (Baker Hughes) | $ | 7,319\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 7,319\u00a0 | $ | 9,888\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 9,888\u00a0 | |||||||||||||
| Current investment securities | $ | 7,319\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 7,319\u00a0 | $ | 9,888\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 9,888\u00a0 | |||||||||||||
| Debt | |||||||||||||||||||||||||||||
| U.S. corporate | $ | 23,604\u00a0 | $ | 6,651\u00a0 | $ | (26) | $ | 30,230\u00a0 | $ | 23,037\u00a0 | $ | 4,636\u00a0 | $ | (11) | $ | 27,661\u00a0 | |||||||||||||
| Non-U.S. corporate | 2,283\u00a0 | 458\u00a0 | (1) | 2,740\u00a0 | 2,161\u00a0 | 260\u00a0 | (1) | 2,420\u00a0 | |||||||||||||||||||||
| State and municipal | 3,387\u00a0 | 878\u00a0 | (9) | 4,256\u00a0 | 3,086\u00a0 | 598\u00a0 | (15) | 3,669\u00a0 | |||||||||||||||||||||
| Mortgage and asset-backed | 3,652\u00a0 | 171\u00a0 | (71) | 3,752\u00a0 | 3,117\u00a0 | 116\u00a0 | (4) | 3,229\u00a0 | |||||||||||||||||||||
| Government and agencies | 1,169\u00a0 | 184\u00a0 | \u2014\u00a0 | 1,353\u00a0 | 1,391\u00a0 | 126\u00a0 | \u2014\u00a0 | 1,516\u00a0 | |||||||||||||||||||||
| Other equity | 218\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 218\u00a0 | 136 | \u2014\u00a0 | \u2014\u00a0 | 136 | |||||||||||||||||||||
| Non-current investment securities | $ | 34,313\u00a0 | $ | 8,342\u00a0 | $ | (106) | $ | 42,549\u00a0 | $ | 32,928\u00a0 | $ | 5,736\u00a0 | $ | (31) | $ | 38,632\u00a0 | |||||||||||||
| Total | $ | 41,632\u00a0 | $ | 8,342\u00a0 | $ | (106) | $ | 49,868\u00a0 | $ | 42,816\u00a0 | $ | 5,736\u00a0 | $ | (31) | $ | 48,521\u00a0 |
| For the years ended December 31 | 2020 | 2019 | ||||||
| Purchases of investment securities | $ | (6,031) | $ | (6,205) | ||||
| Dispositions and maturities of investment securities | 4,679\u00a0 | 4,589\u00a0 | ||||||
| Net (purchases) dispositions of GE Capital investment securities | $ | (1,352) | $ | (1,616) |
| Amortized cost | Estimated fair value | |||||||
| Due | ||||||||
| Within one year | $ | 494\u00a0 | $ | 501\u00a0 | ||||
| After one year through five years | 2,781\u00a0 | 3,070\u00a0 | ||||||
| After five years through ten years | 6,390\u00a0 | 7,687\u00a0 | ||||||
| After ten years | 20,778\u00a0 | 27,321\u00a0 |
| Consolidated | GE Industrial | ||||||||||||||||
| December 31 | 2020 | 2019 | 2020 | 2019 | |||||||||||||
| Power | $ | 3,995\u00a0 | $ | 4,689\u00a0 | $ | 2,656\u00a0 | $ | 3,289\u00a0 | |||||||||
| Renewable Energy | 2,401\u00a0 | 2,306\u00a0 | 1,903\u00a0 | 1,749\u00a0 | |||||||||||||
| Aviation(a) | 4,417\u00a0 | 3,249\u00a0 | 3,490\u00a0 | 2,867\u00a0 | |||||||||||||
| Healthcare | 2,336\u00a0 | 2,105\u00a0 | 1,498\u00a0 | 1,379\u00a0 | |||||||||||||
| Corporate | 310\u00a0 | 246\u00a0 | 293\u00a0 | 223\u00a0 | |||||||||||||
| Customer receivables | 13,459\u00a0 | 12,594\u00a0 | 9,841\u00a0 | 9,507\u00a0 | |||||||||||||
| Sundry receivables(b)(c) | 4,395\u00a0 | 4,848\u00a0 | 4,763\u00a0 | 5,047\u00a0 | |||||||||||||
| Allowance for losses(d) | (1,164) | (874) | (1,161) | (872) | |||||||||||||
| Total current receivables | $ | 16,691\u00a0 | $ | 16,568\u00a0 | $ | 13,442\u00a0 | $ | 13,682\u00a0 |
| GE Capital | Third Parties | GE Capital | Third Parties | ||||||||||||||||||||
| 2020 | 2019 | ||||||||||||||||||||||
| Balance at January 1 | $ | 3,087\u00a0 | $ | 6,757\u00a0 | $ | 4,386\u00a0 | $ | 7,880\u00a0 | |||||||||||||||
| GE Industrial sales to GE Capital | 32,869\u00a0 | \u2014\u00a0 | 40,988\u00a0 | \u2014\u00a0 | |||||||||||||||||||
| GE Industrial sales to third parties | \u2014\u00a0 | 863\u00a0 | \u2014\u00a0 | 5,286\u00a0 | |||||||||||||||||||
| GE Capital sales to third parties | (18,654) | 18,654\u00a0 | (28,073) | 28,073\u00a0 | |||||||||||||||||||
| Collections and other | (14,004) | (23,283) | (14,621) | (34,482) | |||||||||||||||||||
| Reclassification from long-term customer receivables | 321\u00a0 | \u2014\u00a0 | 407\u00a0 | \u2014\u00a0 | |||||||||||||||||||
| Balance at December 31 | $ | 3,618\u00a0 | (a) | $ | 2,992\u00a0 | $ | 3,087\u00a0 | (a) | $ | 6,757\u00a0 |
| LONG-TERM RECEIVABLES | Consolidated | GE Industrial | |||||||||||||||
| December 31 | 2020 | 2019 | 2020 | 2019 | |||||||||||||
| Long-term customer receivables(a) | $ | 585\u00a0 | $ | 906\u00a0 | $ | 474\u00a0 | $ | 506\u00a0 | |||||||||
| Long-term sundry receivables(b) | 1,748\u00a0 | 1,705\u00a0 | 2,097\u00a0 | 2,035\u00a0 | |||||||||||||
| Allowance for losses | (142) | (128) | (142) | (128) | |||||||||||||
Total long-term receivables | $ | 2,191\u00a0 | $ | 2,483\u00a0 | $ | 2,430\u00a0 | $ | 2,413\u00a0 |
| For the years ended December 31 | 2020 | 2019 | |||||||||
Customer receivables sold to receivables facilities | $ | 13,591\u00a0 | $ | 21,695\u00a0 | |||||||
Total cash purchase price for customer receivables | 13,031\u00a0 | 21,202\u00a0 | |||||||||
Cash collections re-invested to purchase customer receivables | 11,567\u00a0 | 18,012\u00a0 | |||||||||
Non-cash increases to deferred purchase price | $ | 481\u00a0 | $ | 257\u00a0 | |||||||
Cash payments received on deferred purchase price | 489\u00a0 | 303\u00a0 |
| Consolidated | GE Industrial | ||||||||||||||||
| December 31 | 2020 | 2019 | 2020 | 2019 | |||||||||||||
| Power | $ | 3,995\u00a0 | $ | 4,689\u00a0 | $ | 2,656\u00a0 | $ | 3,289\u00a0 | |||||||||
| Renewable Energy | 2,401\u00a0 | 2,306\u00a0 | 1,903\u00a0 | 1,749\u00a0 | |||||||||||||
| Aviation(a) | 4,417\u00a0 | 3,249\u00a0 | 3,490\u00a0 | 2,867\u00a0 | |||||||||||||
| Healthcare | 2,336\u00a0 | 2,105\u00a0 | 1,498\u00a0 | 1,379\u00a0 | |||||||||||||
| Corporate | 310\u00a0 | 246\u00a0 | 293\u00a0 | 223\u00a0 | |||||||||||||
| Customer receivables | 13,459\u00a0 | 12,594\u00a0 | 9,841\u00a0 | 9,507\u00a0 | |||||||||||||
| Sundry receivables(b)(c) | 4,395\u00a0 | 4,848\u00a0 | 4,763\u00a0 | 5,047\u00a0 | |||||||||||||
| Allowance for losses(d) | (1,164) | (874) | (1,161) | (872) | |||||||||||||
| Total current receivables | $ | 16,691\u00a0 | $ | 16,568\u00a0 | $ | 13,442\u00a0 | $ | 13,682\u00a0 |
| GE Capital | Third Parties | GE Capital | Third Parties | ||||||||||||||||||||
| 2020 | 2019 | ||||||||||||||||||||||
| Balance at January 1 | $ | 3,087\u00a0 | $ | 6,757\u00a0 | $ | 4,386\u00a0 | $ | 7,880\u00a0 | |||||||||||||||
| GE Industrial sales to GE Capital | 32,869\u00a0 | \u2014\u00a0 | 40,988\u00a0 | \u2014\u00a0 | |||||||||||||||||||
| GE Industrial sales to third parties | \u2014\u00a0 | 863\u00a0 | \u2014\u00a0 | 5,286\u00a0 | |||||||||||||||||||
| GE Capital sales to third parties | (18,654) | 18,654\u00a0 | (28,073) | 28,073\u00a0 | |||||||||||||||||||
| Collections and other | (14,004) | (23,283) | (14,621) | (34,482) | |||||||||||||||||||
| Reclassification from long-term customer receivables | 321\u00a0 | \u2014\u00a0 | 407\u00a0 | \u2014\u00a0 | |||||||||||||||||||
| Balance at December 31 | $ | 3,618\u00a0 | (a) | $ | 2,992\u00a0 | $ | 3,087\u00a0 | (a) | $ | 6,757\u00a0 |
| LONG-TERM RECEIVABLES | Consolidated | GE Industrial | |||||||||||||||
| December 31 | 2020 | 2019 | 2020 | 2019 | |||||||||||||
| Long-term customer receivables(a) | $ | 585\u00a0 | $ | 906\u00a0 | $ | 474\u00a0 | $ | 506\u00a0 | |||||||||
| Long-term sundry receivables(b) | 1,748\u00a0 | 1,705\u00a0 | 2,097\u00a0 | 2,035\u00a0 | |||||||||||||
| Allowance for losses | (142) | (128) | (142) | (128) | |||||||||||||
Total long-term receivables | $ | 2,191\u00a0 | $ | 2,483\u00a0 | $ | 2,430\u00a0 | $ | 2,413\u00a0 |
| For the years ended December 31 | 2020 | 2019 | |||||||||
Customer receivables sold to receivables facilities | $ | 13,591\u00a0 | $ | 21,695\u00a0 | |||||||
Total cash purchase price for customer receivables | 13,031\u00a0 | 21,202\u00a0 | |||||||||
Cash collections re-invested to purchase customer receivables | 11,567\u00a0 | 18,012\u00a0 | |||||||||
Non-cash increases to deferred purchase price | $ | 481\u00a0 | $ | 257\u00a0 | |||||||
Cash payments received on deferred purchase price | 489\u00a0 | 303\u00a0 |
| Consolidated | GE Capital | ||||||||||||||||
| December 31 | 2020 | 2019 | 2020 | 2019 | |||||||||||||
| Loans, net of deferred income | $ | 1,300\u00a0 | $ | 1,098\u00a0 | $ | 5,124\u00a0 | $ | 4,927\u00a0 | |||||||||
| Allowance for losses | (36) | (21) | (13) | (5) | |||||||||||||
| Current financing receivables - net | 1,265\u00a0 | 1,077\u00a0 | 5,110\u00a0 | 4,922\u00a0 | |||||||||||||
| Investment in financing leases, net of deferred income | 1,805\u00a0 | 2,070\u00a0 | 1,805\u00a0 | 2,070\u00a0 | |||||||||||||
| Allowance for losses | (34) | (12) | (34) | (12) | |||||||||||||
| Non-current financing receivables - net | 1,771\u00a0 | 2,057\u00a0 | 1,771\u00a0 | 2,057\u00a0 | |||||||||||||
| Total financing receivables \u2013 net | $ | 3,036\u00a0 | $ | 3,134\u00a0 | $ | 6,882\u00a0 | $ | 6,979\u00a0 |
| For the years ended December 31 | 2020 | 2019 | ||||||
| Increase in loans to customers | $ | (15,155) | $ | (15,022) | ||||
| Principal collections from customers - loans | 15,311\u00a0 | 18,083\u00a0 | ||||||
| Sales of financing receivables and other | 42\u00a0 | 328\u00a0 | ||||||
| Net decrease (increase) in GE Capital financing receivables | $ | 199\u00a0 | $ | 3,389\u00a0 |
| Consolidated | GE Capital | ||||||||||||||||
| December 31 | 2020 | 2019 | 2020 | 2019 | |||||||||||||
| Loans, net of deferred income | $ | 1,300\u00a0 | $ | 1,098\u00a0 | $ | 5,124\u00a0 | $ | 4,927\u00a0 | |||||||||
| Allowance for losses | (36) | (21) | (13) | (5) | |||||||||||||
| Current financing receivables - net | 1,265\u00a0 | 1,077\u00a0 | 5,110\u00a0 | 4,922\u00a0 | |||||||||||||
| Investment in financing leases, net of deferred income | 1,805\u00a0 | 2,070\u00a0 | 1,805\u00a0 | 2,070\u00a0 | |||||||||||||
| Allowance for losses | (34) | (12) | (34) | (12) | |||||||||||||
| Non-current financing receivables - net | 1,771\u00a0 | 2,057\u00a0 | 1,771\u00a0 | 2,057\u00a0 | |||||||||||||
| Total financing receivables \u2013 net | $ | 3,036\u00a0 | $ | 3,134\u00a0 | $ | 6,882\u00a0 | $ | 6,979\u00a0 |
| For the years ended December 31 | 2020 | 2019 | ||||||
| Increase in loans to customers | $ | (15,155) | $ | (15,022) | ||||
| Principal collections from customers - loans | 15,311\u00a0 | 18,083\u00a0 | ||||||
| Sales of financing receivables and other | 42\u00a0 | 328\u00a0 | ||||||
| Net decrease (increase) in GE Capital financing receivables | $ | 199\u00a0 | $ | 3,389\u00a0 |
| NET INVESTMENT IN FINANCING LEASES | Total financing leases | Direct financing and sales type leases(a) | Leveraged leases | |||||||||||||||||||||||
| December 31 | 2020 | 2019 | 2020 | 2019 | 2020 | 2019 | ||||||||||||||||||||
| Total minimum lease payments receivable | $ | 1,202\u00a0 | $ | 1,628\u00a0 | $ | 654\u00a0 | 799\u00a0 | $ | 548\u00a0 | $ | 829\u00a0 | |||||||||||||||
| Less principal and interest on third-party non-recourse debt | (83) | (216) | \u2014\u00a0 | \u2014\u00a0 | (83) | (216) | ||||||||||||||||||||
| Net minimum lease payments receivable | 1,119\u00a0 | 1,412\u00a0 | 654\u00a0 | 799\u00a0 | 465\u00a0 | 613\u00a0 | ||||||||||||||||||||
| Less deferred income | (133) | (178) | (99) | (139) | (34) | (39) | ||||||||||||||||||||
| Discounted lease receivable | 986\u00a0 | 1,234\u00a0 | 556\u00a0 | 660\u00a0 | 431\u00a0 | 574\u00a0 | ||||||||||||||||||||
| Estimated unguaranteed residual value of leased assets, net of deferred income | 819\u00a0 | 835\u00a0 | 472\u00a0 | 412\u00a0 | 347\u00a0 | 423\u00a0 | ||||||||||||||||||||
| Investment in financing leases, net of deferred income(b) | $ | 1,805\u00a0 | $ | 2,070\u00a0 | $ | 1,028\u00a0 | $ | 1,072\u00a0 | $ | 777\u00a0 | $ | 997\u00a0 |
| CONTRACTUAL MATURITIES, DUE IN | 2021 | 2022 | 2023 | 2024 | 2025 | Thereafter | Total | ||||||||||||||||
| Total loans | $ | 4,199\u00a0 | $ | 261\u00a0 | $ | 142\u00a0 | $ | 134\u00a0 | $ | 318\u00a0 | $ | 68\u00a0 | $ | 5,124\u00a0 | |||||||||
| Net minimum lease payments receivable | 294\u00a0 | 200\u00a0 | 281\u00a0 | 193\u00a0 | 68\u00a0 | 83\u00a0 | 1,119\u00a0 |
| NET INVESTMENT IN FINANCING LEASES | Total financing leases | Direct financing and sales type leases(a) | Leveraged leases | |||||||||||||||||||||||
| December 31 | 2020 | 2019 | 2020 | 2019 | 2020 | 2019 | ||||||||||||||||||||
| Total minimum lease payments receivable | $ | 1,202\u00a0 | $ | 1,628\u00a0 | $ | 654\u00a0 | 799\u00a0 | $ | 548\u00a0 | $ | 829\u00a0 | |||||||||||||||
| Less principal and interest on third-party non-recourse debt | (83) | (216) | \u2014\u00a0 | \u2014\u00a0 | (83) | (216) | ||||||||||||||||||||
| Net minimum lease payments receivable | 1,119\u00a0 | 1,412\u00a0 | 654\u00a0 | 799\u00a0 | 465\u00a0 | 613\u00a0 | ||||||||||||||||||||
| Less deferred income | (133) | (178) | (99) | (139) | (34) | (39) | ||||||||||||||||||||
| Discounted lease receivable | 986\u00a0 | 1,234\u00a0 | 556\u00a0 | 660\u00a0 | 431\u00a0 | 574\u00a0 | ||||||||||||||||||||
| Estimated unguaranteed residual value of leased assets, net of deferred income | 819\u00a0 | 835\u00a0 | 472\u00a0 | 412\u00a0 | 347\u00a0 | 423\u00a0 | ||||||||||||||||||||
| Investment in financing leases, net of deferred income(b) | $ | 1,805\u00a0 | $ | 2,070\u00a0 | $ | 1,028\u00a0 | $ | 1,072\u00a0 | $ | 777\u00a0 | $ | 997\u00a0 |
| CONTRACTUAL MATURITIES, DUE IN | 2021 | 2022 | 2023 | 2024 | 2025 | Thereafter | Total | ||||||||||||||||
| Total loans | $ | 4,199\u00a0 | $ | 261\u00a0 | $ | 142\u00a0 | $ | 134\u00a0 | $ | 318\u00a0 | $ | 68\u00a0 | $ | 5,124\u00a0 | |||||||||
| Net minimum lease payments receivable | 294\u00a0 | 200\u00a0 | 281\u00a0 | 193\u00a0 | 68\u00a0 | 83\u00a0 | 1,119\u00a0 |
| December 31 | 2020 | 2019 | ||||||
| Raw materials and work in process | $ | 7,937\u00a0 | $ | 8,771\u00a0 | ||||
| Finished goods | 5,654\u00a0 | 5,333\u00a0 | ||||||
| Deferred inventory costs(a) | 2,299\u00a0 | 3,111\u00a0 | ||||||
| Inventories, including deferred inventory costs | $ | 15,890\u00a0 | $ | 17,215\u00a0 |
| December 31 | 2020 | 2019 | ||||||
| Raw materials and work in process | $ | 7,937\u00a0 | $ | 8,771\u00a0 | ||||
| Finished goods | 5,654\u00a0 | 5,333\u00a0 | ||||||
| Deferred inventory costs(a) | 2,299\u00a0 | 3,111\u00a0 | ||||||
| Inventories, including deferred inventory costs | $ | 15,890\u00a0 | $ | 17,215\u00a0 |
| Depreciable lives | Original Cost | Net Carrying Value | ||||||||||||||||||
| December 31 | (in years) | 2020 | 2019 | 2020 | 2019 | |||||||||||||||
| Land and improvements | 8 | $ | 599\u00a0 | $ | 608\u00a0 | $ | 589\u00a0 | $ | 596\u00a0 | |||||||||||
| Buildings, structures and related equipment | 8 - 40 | 8,210\u00a0 | 7,824\u00a0 | 3,828\u00a0 | 3,875\u00a0 | |||||||||||||||
| Machinery and equipment | 4 - 20 | 20,915\u00a0 | 20,082\u00a0 | 7,869\u00a0 | 8,360\u00a0 | |||||||||||||||
| Leasehold costs and manufacturing plant under construction | 1 - 10 | 2,028\u00a0 | 2,165\u00a0 | 1,350\u00a0 | 1,539\u00a0 | |||||||||||||||
| ROU operating lease assets | 2,798\u00a0 | 3,077\u00a0 | ||||||||||||||||||
| GE Industrial | $ | 31,751\u00a0 | $ | 30,680\u00a0 | $ | 16,433\u00a0 | $ | 17,447\u00a0 | ||||||||||||
| Land and improvements, buildings, structures and related equipment | 1 - 40 | $ | 144\u00a0 | $ | 149\u00a0 | $ | 23\u00a0 | $ | 29\u00a0 | |||||||||||
| Equipment leased to others (ELTO)(a) | ||||||||||||||||||||
| \u00a0\u00a0\u00a0Aircraft | 15 - 20 | 34,372\u00a0 | 35,507\u00a0 | 20,931\u00a0 | 21,414\u00a0 | |||||||||||||||
| Engines | 15 - 20 | 4,957\u00a0 | 4,113\u00a0 | 3,540\u00a0 | 3,283\u00a0 | |||||||||||||||
| Helicopters | 15 - 20 | 5,750\u00a0 | 5,474\u00a0 | 4,724\u00a0 | 4,709\u00a0 | |||||||||||||||
| \u00a0\u00a0\u00a0All other | 15 - 35 | 235\u00a0 | 237\u00a0 | 194\u00a0 | 214\u00a0 | |||||||||||||||
| ROU operating lease assets | 189\u00a0 | 237\u00a0 | ||||||||||||||||||
| GE Capital | $ | 45,458\u00a0 | $ | 45,480\u00a0 | $ | 29,600\u00a0 | $ | 29,886\u00a0 | ||||||||||||
| Eliminations | (1,282) | (1,279) | (1,372) | (1,453) | ||||||||||||||||
| Property, plant and equipment - net | $ | 75,927\u00a0 | $ | 74,880\u00a0 | $ | 44,662\u00a0 | $ | 45,879\u00a0 |
| 2021 | 2022 | 2023 | 2024 | 2025 | Thereafter | Total | |||||||||||||||||
| $ | 2,833\u00a0 | $ | 2,451\u00a0 | $ | 2,072\u00a0 | $ | 1,970\u00a0 | $ | 1,658\u00a0 | $ | 5,316\u00a0 | $ | 16,300\u00a0 |
| OPERATING LEASE EXPENSE | 2020 | 2019 | 2018 | ||||||||
| Long-term (fixed) | $ | 745\u00a0 | $ | 834\u00a0 | $ | 966\u00a0 | |||||
| Long-term (variable) | 118\u00a0 | 136\u00a0 | 177\u00a0 | ||||||||
| Short-term | 209\u00a0 | 206\u00a0 | 133\u00a0 | ||||||||
| Total operating lease expense | $ | 1,072\u00a0 | $ | 1,176\u00a0 | $ | 1,276\u00a0 |
| MATURITY OF LEASE LIABILITIES | 2021 | 2022 | 2023 | 2024 | 2025 | Thereafter | Total | ||||||||||||||||
| Undiscounted lease payments | $ | 727\u00a0 | $ | 648\u00a0 | $ | 549\u00a0 | $ | 437\u00a0 | $ | 267\u00a0 | $ | 805\u00a0 | $ | 3,433\u00a0 | |||||||||
| Less: imputed interest | (460) | ||||||||||||||||||||||
Total lease liability as of December 31, 2020 | $ | 2,973\u00a0 |
| SUPPLEMENTAL INFORMATION RELATED TO OPERATING LEASES | 2020 | 2019 | ||||||
| Operating cash flows used for operating leases | $ | 766\u00a0 | $ | 888\u00a0 | ||||
| Right-of-use assets obtained in exchange for new lease liabilities | $ | 600\u00a0 | $ | 746\u00a0 | ||||
| Weighted-average remaining lease term | 6.6 years | 6.9 years | ||||||
| Weighted-average discount rate | 4.5\u00a0 | % | 4.9\u00a0 | % |
| Depreciable lives | Original Cost | Net Carrying Value | ||||||||||||||||||
| December 31 | (in years) | 2020 | 2019 | 2020 | 2019 | |||||||||||||||
| Land and improvements | 8 | $ | 599\u00a0 | $ | 608\u00a0 | $ | 589\u00a0 | $ | 596\u00a0 | |||||||||||
| Buildings, structures and related equipment | 8 - 40 | 8,210\u00a0 | 7,824\u00a0 | 3,828\u00a0 | 3,875\u00a0 | |||||||||||||||
| Machinery and equipment | 4 - 20 | 20,915\u00a0 | 20,082\u00a0 | 7,869\u00a0 | 8,360\u00a0 | |||||||||||||||
| Leasehold costs and manufacturing plant under construction | 1 - 10 | 2,028\u00a0 | 2,165\u00a0 | 1,350\u00a0 | 1,539\u00a0 | |||||||||||||||
| ROU operating lease assets | 2,798\u00a0 | 3,077\u00a0 | ||||||||||||||||||
| GE Industrial | $ | 31,751\u00a0 | $ | 30,680\u00a0 | $ | 16,433\u00a0 | $ | 17,447\u00a0 | ||||||||||||
| Land and improvements, buildings, structures and related equipment | 1 - 40 | $ | 144\u00a0 | $ | 149\u00a0 | $ | 23\u00a0 | $ | 29\u00a0 | |||||||||||
| Equipment leased to others (ELTO)(a) | ||||||||||||||||||||
| \u00a0\u00a0\u00a0Aircraft | 15 - 20 | 34,372\u00a0 | 35,507\u00a0 | 20,931\u00a0 | 21,414\u00a0 | |||||||||||||||
| Engines | 15 - 20 | 4,957\u00a0 | 4,113\u00a0 | 3,540\u00a0 | 3,283\u00a0 | |||||||||||||||
| Helicopters | 15 - 20 | 5,750\u00a0 | 5,474\u00a0 | 4,724\u00a0 | 4,709\u00a0 | |||||||||||||||
| \u00a0\u00a0\u00a0All other | 15 - 35 | 235\u00a0 | 237\u00a0 | 194\u00a0 | 214\u00a0 | |||||||||||||||
| ROU operating lease assets | 189\u00a0 | 237\u00a0 | ||||||||||||||||||
| GE Capital | $ | 45,458\u00a0 | $ | 45,480\u00a0 | $ | 29,600\u00a0 | $ | 29,886\u00a0 | ||||||||||||
| Eliminations | (1,282) | (1,279) | (1,372) | (1,453) | ||||||||||||||||
| Property, plant and equipment - net | $ | 75,927\u00a0 | $ | 74,880\u00a0 | $ | 44,662\u00a0 | $ | 45,879\u00a0 |
| 2021 | 2022 | 2023 | 2024 | 2025 | Thereafter | Total | |||||||||||||||||
| $ | 2,833\u00a0 | $ | 2,451\u00a0 | $ | 2,072\u00a0 | $ | 1,970\u00a0 | $ | 1,658\u00a0 | $ | 5,316\u00a0 | $ | 16,300\u00a0 |
| OPERATING LEASE EXPENSE | 2020 | 2019 | 2018 | ||||||||
| Long-term (fixed) | $ | 745\u00a0 | $ | 834\u00a0 | $ | 966\u00a0 | |||||
| Long-term (variable) | 118\u00a0 | 136\u00a0 | 177\u00a0 | ||||||||
| Short-term | 209\u00a0 | 206\u00a0 | 133\u00a0 | ||||||||
| Total operating lease expense | $ | 1,072\u00a0 | $ | 1,176\u00a0 | $ | 1,276\u00a0 |
| SUPPLEMENTAL INFORMATION RELATED TO OPERATING LEASES | 2020 | 2019 | ||||||
| Operating cash flows used for operating leases | $ | 766\u00a0 | $ | 888\u00a0 | ||||
| Right-of-use assets obtained in exchange for new lease liabilities | $ | 600\u00a0 | $ | 746\u00a0 | ||||
| Weighted-average remaining lease term | 6.6 years | 6.9 years | ||||||
| Weighted-average discount rate | 4.5\u00a0 | % | 4.9\u00a0 | % |
| MATURITY OF LEASE LIABILITIES | 2021 | 2022 | 2023 | 2024 | 2025 | Thereafter | Total | ||||||||||||||||
| Undiscounted lease payments | $ | 727\u00a0 | $ | 648\u00a0 | $ | 549\u00a0 | $ | 437\u00a0 | $ | 267\u00a0 | $ | 805\u00a0 | $ | 3,433\u00a0 | |||||||||
| Less: imputed interest | (460) | ||||||||||||||||||||||
Total lease liability as of December 31, 2020 | $ | 2,973\u00a0 |
CHANGES IN GOODWILL BALANCES | |||||||||||||||||||||||||||||
| 2019 | 2020 | ||||||||||||||||||||||||||||
Balance at December 31, 2018 | Dispositions | Impairments | Currency exchange and other | Balance at December 31, 2019 | Acquisitions | Impairments | Currency exchange and other | Balance at December 31, 2020 | |||||||||||||||||||||
| Power | $ | 139\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 6\u00a0 | $ | 145\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 146\u00a0 | |||||||||||
| Renewable Energy | 4,730\u00a0 | \u2014\u00a0 | (1,486) | 46\u00a0 | 3,290\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 111\u00a0 | 3,401\u00a0 | ||||||||||||||||||||
| Aviation | 9,839\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 20\u00a0 | 9,859\u00a0 | \u2014\u00a0 | (877) | 266\u00a0 | 9,247\u00a0 | ||||||||||||||||||||
| Healthcare | 17,226\u00a0 | (5,558) | \u2014\u00a0 | 60\u00a0 | 11,728\u00a0 | 89\u00a0 | \u2014\u00a0 | 37\u00a0 | 11,855\u00a0 | ||||||||||||||||||||
| Capital | 904\u00a0 | (39) | \u2014\u00a0 | (26) | 839\u00a0 | \u2014\u00a0 | (839) | \u2014\u00a0 | \u2014\u00a0 | ||||||||||||||||||||
| Corporate(a) | 1,136\u00a0 | \u2014\u00a0 | \u2014\u00a0 | (262) | 873\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 2\u00a0 | 876\u00a0 | ||||||||||||||||||||
| Total | $ | 33,974\u00a0 | $ | (5,597) | $ | (1,486) | $ | (156) | $ | 26,734\u00a0 | $ | 90\u00a0 | $ | (1,717) | $ | 417\u00a0 | $ | 25,524\u00a0 |
| 2020 | 2019 | |||||||||||||||||||||||||
INTANGIBLE ASSETS SUBJECT TO AMORTIZATION December 31 | Useful lives (in years) | Gross carrying amount | Accumulated amortization | Net | Gross carrying amount | Accumulated amortization | Net | |||||||||||||||||||
| Customer-related(a) | 3 - 30 | $ | 6,862\u00a0 | $ | (3,432) | $ | 3,430\u00a0 | $ | 6,770\u00a0 | $ | (3,070) | $ | 3,701\u00a0 | |||||||||||||
| Patents and technology | 2 - 25 | 8,191\u00a0 | (4,135) | 4,056\u00a0 | 8,180\u00a0 | (3,730) | 4,450\u00a0 | |||||||||||||||||||
| Capitalized software | 3 - 10 | 5,826\u00a0 | (3,840) | 1,986\u00a0 | 5,822\u00a0 | (3,651) | 2,171\u00a0 | |||||||||||||||||||
| Trademarks & other | 3 - 50 | 778\u00a0 | (477) | 301\u00a0 | 737\u00a0 | (406) | 332\u00a0 | |||||||||||||||||||
| Total | $ | 21,657\u00a0 | $ | (11,883) | $ | 9,774\u00a0 | $ | 21,510\u00a0 | $ | (10,857) | $ | 10,653\u00a0 |
| ESTIMATED 5 YEAR CONSOLIDATED AMORTIZATION | 2021 | 2022 | 2023 | 2024 | 2025 | ||||||||||||
| Estimated annual pre-tax amortization | $ | 1,162\u00a0 | $ | 1,085\u00a0 | $ | 992\u00a0 | $ | 889\u00a0 | $ | 817\u00a0 |
CHANGES IN GOODWILL BALANCES | |||||||||||||||||||||||||||||
| 2019 | 2020 | ||||||||||||||||||||||||||||
Balance at December 31, 2018 | Dispositions | Impairments | Currency exchange and other | Balance at December 31, 2019 | Acquisitions | Impairments | Currency exchange and other | Balance at December 31, 2020 | |||||||||||||||||||||
| Power | $ | 139\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 6\u00a0 | $ | 145\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 146\u00a0 | |||||||||||
| Renewable Energy | 4,730\u00a0 | \u2014\u00a0 | (1,486) | 46\u00a0 | 3,290\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 111\u00a0 | 3,401\u00a0 | ||||||||||||||||||||
| Aviation | 9,839\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 20\u00a0 | 9,859\u00a0 | \u2014\u00a0 | (877) | 266\u00a0 | 9,247\u00a0 | ||||||||||||||||||||
| Healthcare | 17,226\u00a0 | (5,558) | \u2014\u00a0 | 60\u00a0 | 11,728\u00a0 | 89\u00a0 | \u2014\u00a0 | 37\u00a0 | 11,855\u00a0 | ||||||||||||||||||||
| Capital | 904\u00a0 | (39) | \u2014\u00a0 | (26) | 839\u00a0 | \u2014\u00a0 | (839) | \u2014\u00a0 | \u2014\u00a0 | ||||||||||||||||||||
| Corporate(a) | 1,136\u00a0 | \u2014\u00a0 | \u2014\u00a0 | (262) | 873\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 2\u00a0 | 876\u00a0 | ||||||||||||||||||||
| Total | $ | 33,974\u00a0 | $ | (5,597) | $ | (1,486) | $ | (156) | $ | 26,734\u00a0 | $ | 90\u00a0 | $ | (1,717) | $ | 417\u00a0 | $ | 25,524\u00a0 |
| 2020 | 2019 | |||||||||||||||||||||||||
INTANGIBLE ASSETS SUBJECT TO AMORTIZATION December 31 | Useful lives (in years) | Gross carrying amount | Accumulated amortization | Net | Gross carrying amount | Accumulated amortization | Net | |||||||||||||||||||
| Customer-related(a) | 3 - 30 | $ | 6,862\u00a0 | $ | (3,432) | $ | 3,430\u00a0 | $ | 6,770\u00a0 | $ | (3,070) | $ | 3,701\u00a0 | |||||||||||||
| Patents and technology | 2 - 25 | 8,191\u00a0 | (4,135) | 4,056\u00a0 | 8,180\u00a0 | (3,730) | 4,450\u00a0 | |||||||||||||||||||
| Capitalized software | 3 - 10 | 5,826\u00a0 | (3,840) | 1,986\u00a0 | 5,822\u00a0 | (3,651) | 2,171\u00a0 | |||||||||||||||||||
| Trademarks & other | 3 - 50 | 778\u00a0 | (477) | 301\u00a0 | 737\u00a0 | (406) | 332\u00a0 | |||||||||||||||||||
| Total | $ | 21,657\u00a0 | $ | (11,883) | $ | 9,774\u00a0 | $ | 21,510\u00a0 | $ | (10,857) | $ | 10,653\u00a0 |
| ESTIMATED 5 YEAR CONSOLIDATED AMORTIZATION | 2021 | 2022 | 2023 | 2024 | 2025 | ||||||||||||
| Estimated annual pre-tax amortization | $ | 1,162\u00a0 | $ | 1,085\u00a0 | $ | 992\u00a0 | $ | 889\u00a0 | $ | 817\u00a0 |
December 31, 2020 | Power | Aviation | Renewable Energy | Healthcare | Other | Total | ||||||||||||||
| Revenues in excess of billings | $ | 5,282\u00a0 | $ | 3,072\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 8,354\u00a0 | ||||||||
| Billings in excess of revenues | (1,640) | (5,375) | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | (7,015) | ||||||||||||||
| Long-term service agreements | $ | 3,642\u00a0 | $ | (2,304) | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 1,338\u00a0 | ||||||||
| Short-term and other service agreements | 129\u00a0 | 282\u00a0 | 106\u00a0 | 173\u00a0 | 29\u00a0 | 719\u00a0 | ||||||||||||||
| Equipment contract revenues | 2,015\u00a0 | 59\u00a0 | 1,127\u00a0 | 306\u00a0 | 201\u00a0 | 3,707\u00a0 | ||||||||||||||
| Current contract assets | $ | 5,786\u00a0 | $ | (1,963) | $ | 1,233\u00a0 | $ | 479\u00a0 | $ | 229\u00a0 | $ | 5,764\u00a0 | ||||||||
| Nonrecurring engineering costs(a) | 16\u00a0 | 2,409\u00a0 | 34\u00a0 | 31\u00a0 | \u2014\u00a0 | 2,490\u00a0 | ||||||||||||||
| Customer advances and other(b) | 822\u00a0 | 2,481\u00a0 | \u2014\u00a0 | 128\u00a0 | (32) | 3,398\u00a0 | ||||||||||||||
| Non-current contract and other deferred assets | $ | 838\u00a0 | $ | 4,889\u00a0 | $ | 34\u00a0 | $ | 159\u00a0 | $ | (32) | $ | 5,888\u00a0 | ||||||||
| Total contract and other deferred assets | $ | 6,623\u00a0 | $ | 2,927\u00a0 | $ | 1,268\u00a0 | $ | 638\u00a0 | $ | 197\u00a0 | $ | 11,653\u00a0 |
December 31, 2019 | Power | Aviation | Renewable Energy | Healthcare | Other | Total | ||||||||||||||
| Revenues in excess of billings | $ | 5,342\u00a0 | $ | 4,480\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 9,822\u00a0 | ||||||||
| Billings in excess of revenues | (1,561) | (4,914) | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | (6,476) | ||||||||||||||
| Long-term service agreements | $ | 3,781\u00a0 | $ | (435) | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 3,346\u00a0 | ||||||||
| Short-term and other service agreements | 190\u00a0 | 316\u00a0 | 43\u00a0 | 169\u00a0 | \u2014\u00a0 | 717\u00a0 | ||||||||||||||
| Equipment contract revenues | 1,599\u00a0 | 82\u00a0 | 1,217\u00a0 | 324\u00a0 | 106\u00a0 | 3,327\u00a0 | ||||||||||||||
| Current contract assets | $ | 5,569\u00a0 | $ | (37) | $ | 1,260\u00a0 | $ | 492\u00a0 | $ | 106\u00a0 | $ | 7,390\u00a0 | ||||||||
| Nonrecurring engineering costs(a) | $ | 44\u00a0 | $ | 2,257\u00a0 | $ | 47\u00a0 | $ | 35\u00a0 | $ | 8\u00a0 | $ | 2,391\u00a0 | ||||||||
| Customer advances and other(b) | 909\u00a0 | 2,313\u00a0 | \u2014\u00a0 | 156\u00a0 | (32) | 3,346\u00a0 | ||||||||||||||
| Non-current contract and other deferred assets | $ | 953\u00a0 | $ | 4,570\u00a0 | $ | 47\u00a0 | $ | 190\u00a0 | $ | (24) | $ | 5,737\u00a0 | ||||||||
| Total contract and other deferred assets | $ | 6,522\u00a0 | $ | 4,533\u00a0 | $ | 1,307\u00a0 | $ | 683\u00a0 | $ | 82\u00a0 | $ | 13,127\u00a0 |
December 31, 2020 | Power | Aviation | Renewable Energy | Healthcare | Other | Total | ||||||||||||||
| Progress collections on equipment contracts | $ | 4,918\u00a0 | $ | 214\u00a0 | $ | 1,229\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 6,362\u00a0 | ||||||||
| Other progress collections | 458\u00a0 | 4,623\u00a0 | 4,604\u00a0 | 414\u00a0 | (4) | 10,096\u00a0 | ||||||||||||||
| Total progress collections | $ | 5,376\u00a0 | $ | 4,837\u00a0 | $ | 5,834\u00a0 | $ | 414\u00a0 | $ | (4) | $ | 16,458\u00a0 | ||||||||
| Current deferred income | 17\u00a0 | 132\u00a0 | 194\u00a0 | 1,309\u00a0 | 105\u00a0 | 1,757\u00a0 | ||||||||||||||
| Progress collections and deferred income | $ | 5,393\u00a0 | $ | 4,969\u00a0 | $ | 6,028\u00a0 | $ | 1,724\u00a0 | $ | 102\u00a0 | $ | 18,215\u00a0 | ||||||||
| Non-current deferred income | 116\u00a0 | 898\u00a0 | 214\u00a0 | 564\u00a0 | 10\u00a0 | 1,801\u00a0 | ||||||||||||||
| Total progress collections and deferred income | $ | 5,509\u00a0 | $ | 5,867\u00a0 | $ | 6,241\u00a0 | $ | 2,288\u00a0 | $ | 112\u00a0 | $ | 20,016\u00a0 |
December 31, 2019 | ||||||||||||||||||||
| Progress collections on equipment contracts | $ | 5,857\u00a0 | $ | 115\u00a0 | $ | 1,268\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 7,240\u00a0 | ||||||||
| Other progress collections | 413\u00a0 | 4,748\u00a0 | 4,193\u00a0 | 305\u00a0 | 2\u00a0 | 9,662\u00a0 | ||||||||||||||
| Total progress collections | $ | 6,270\u00a0 | $ | 4,863\u00a0 | $ | 5,461\u00a0 | $ | 305\u00a0 | $ | 2\u00a0 | $ | 16,902\u00a0 | ||||||||
| Current deferred income | 18\u00a0 | 90\u00a0 | 140\u00a0 | 1,180\u00a0 | 59\u00a0 | 1,487\u00a0 | ||||||||||||||
| Progress collections and deferred income | $ | 6,288\u00a0 | $ | 4,953\u00a0 | $ | 5,602\u00a0 | $ | 1,485\u00a0 | $ | 61\u00a0 | $ | 18,389\u00a0 | ||||||||
| Non-current deferred income | 31\u00a0 | 874\u00a0 | 144\u00a0 | 467\u00a0 | 39\u00a0 | 1,555\u00a0 | ||||||||||||||
| Total progress collections and deferred income | $ | 6,319\u00a0 | $ | 5,827\u00a0 | $ | 5,745\u00a0 | $ | 1,952\u00a0 | $ | 100\u00a0 | $ | 19,944\u00a0 |
December 31, 2020 | Power | Aviation | Renewable Energy | Healthcare | Other | Total | ||||||||||||||
| Revenues in excess of billings | $ | 5,282\u00a0 | $ | 3,072\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 8,354\u00a0 | ||||||||
| Billings in excess of revenues | (1,640) | (5,375) | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | (7,015) | ||||||||||||||
| Long-term service agreements | $ | 3,642\u00a0 | $ | (2,304) | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 1,338\u00a0 | ||||||||
| Short-term and other service agreements | 129\u00a0 | 282\u00a0 | 106\u00a0 | 173\u00a0 | 29\u00a0 | 719\u00a0 | ||||||||||||||
| Equipment contract revenues | 2,015\u00a0 | 59\u00a0 | 1,127\u00a0 | 306\u00a0 | 201\u00a0 | 3,707\u00a0 | ||||||||||||||
| Current contract assets | $ | 5,786\u00a0 | $ | (1,963) | $ | 1,233\u00a0 | $ | 479\u00a0 | $ | 229\u00a0 | $ | 5,764\u00a0 | ||||||||
| Nonrecurring engineering costs(a) | 16\u00a0 | 2,409\u00a0 | 34\u00a0 | 31\u00a0 | \u2014\u00a0 | 2,490\u00a0 | ||||||||||||||
| Customer advances and other(b) | 822\u00a0 | 2,481\u00a0 | \u2014\u00a0 | 128\u00a0 | (32) | 3,398\u00a0 | ||||||||||||||
| Non-current contract and other deferred assets | $ | 838\u00a0 | $ | 4,889\u00a0 | $ | 34\u00a0 | $ | 159\u00a0 | $ | (32) | $ | 5,888\u00a0 | ||||||||
| Total contract and other deferred assets | $ | 6,623\u00a0 | $ | 2,927\u00a0 | $ | 1,268\u00a0 | $ | 638\u00a0 | $ | 197\u00a0 | $ | 11,653\u00a0 |
December 31, 2019 | Power | Aviation | Renewable Energy | Healthcare | Other | Total | ||||||||||||||
| Revenues in excess of billings | $ | 5,342\u00a0 | $ | 4,480\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 9,822\u00a0 | ||||||||
| Billings in excess of revenues | (1,561) | (4,914) | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | (6,476) | ||||||||||||||
| Long-term service agreements | $ | 3,781\u00a0 | $ | (435) | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 3,346\u00a0 | ||||||||
| Short-term and other service agreements | 190\u00a0 | 316\u00a0 | 43\u00a0 | 169\u00a0 | \u2014\u00a0 | 717\u00a0 | ||||||||||||||
| Equipment contract revenues | 1,599\u00a0 | 82\u00a0 | 1,217\u00a0 | 324\u00a0 | 106\u00a0 | 3,327\u00a0 | ||||||||||||||
| Current contract assets | $ | 5,569\u00a0 | $ | (37) | $ | 1,260\u00a0 | $ | 492\u00a0 | $ | 106\u00a0 | $ | 7,390\u00a0 | ||||||||
| Nonrecurring engineering costs(a) | $ | 44\u00a0 | $ | 2,257\u00a0 | $ | 47\u00a0 | $ | 35\u00a0 | $ | 8\u00a0 | $ | 2,391\u00a0 | ||||||||
| Customer advances and other(b) | 909\u00a0 | 2,313\u00a0 | \u2014\u00a0 | 156\u00a0 | (32) | 3,346\u00a0 | ||||||||||||||
| Non-current contract and other deferred assets | $ | 953\u00a0 | $ | 4,570\u00a0 | $ | 47\u00a0 | $ | 190\u00a0 | $ | (24) | $ | 5,737\u00a0 | ||||||||
| Total contract and other deferred assets | $ | 6,522\u00a0 | $ | 4,533\u00a0 | $ | 1,307\u00a0 | $ | 683\u00a0 | $ | 82\u00a0 | $ | 13,127\u00a0 |
December 31, 2020 | Power | Aviation | Renewable Energy | Healthcare | Other | Total | ||||||||||||||
| Progress collections on equipment contracts | $ | 4,918\u00a0 | $ | 214\u00a0 | $ | 1,229\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 6,362\u00a0 | ||||||||
| Other progress collections | 458\u00a0 | 4,623\u00a0 | 4,604\u00a0 | 414\u00a0 | (4) | 10,096\u00a0 | ||||||||||||||
| Total progress collections | $ | 5,376\u00a0 | $ | 4,837\u00a0 | $ | 5,834\u00a0 | $ | 414\u00a0 | $ | (4) | $ | 16,458\u00a0 | ||||||||
| Current deferred income | 17\u00a0 | 132\u00a0 | 194\u00a0 | 1,309\u00a0 | 105\u00a0 | 1,757\u00a0 | ||||||||||||||
| Progress collections and deferred income | $ | 5,393\u00a0 | $ | 4,969\u00a0 | $ | 6,028\u00a0 | $ | 1,724\u00a0 | $ | 102\u00a0 | $ | 18,215\u00a0 | ||||||||
| Non-current deferred income | 116\u00a0 | 898\u00a0 | 214\u00a0 | 564\u00a0 | 10\u00a0 | 1,801\u00a0 | ||||||||||||||
| Total progress collections and deferred income | $ | 5,509\u00a0 | $ | 5,867\u00a0 | $ | 6,241\u00a0 | $ | 2,288\u00a0 | $ | 112\u00a0 | $ | 20,016\u00a0 |
December 31, 2019 | ||||||||||||||||||||
| Progress collections on equipment contracts | $ | 5,857\u00a0 | $ | 115\u00a0 | $ | 1,268\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 7,240\u00a0 | ||||||||
| Other progress collections | 413\u00a0 | 4,748\u00a0 | 4,193\u00a0 | 305\u00a0 | 2\u00a0 | 9,662\u00a0 | ||||||||||||||
| Total progress collections | $ | 6,270\u00a0 | $ | 4,863\u00a0 | $ | 5,461\u00a0 | $ | 305\u00a0 | $ | 2\u00a0 | $ | 16,902\u00a0 | ||||||||
| Current deferred income | 18\u00a0 | 90\u00a0 | 140\u00a0 | 1,180\u00a0 | 59\u00a0 | 1,487\u00a0 | ||||||||||||||
| Progress collections and deferred income | $ | 6,288\u00a0 | $ | 4,953\u00a0 | $ | 5,602\u00a0 | $ | 1,485\u00a0 | $ | 61\u00a0 | $ | 18,389\u00a0 | ||||||||
| Non-current deferred income | 31\u00a0 | 874\u00a0 | 144\u00a0 | 467\u00a0 | 39\u00a0 | 1,555\u00a0 | ||||||||||||||
| Total progress collections and deferred income | $ | 6,319\u00a0 | $ | 5,827\u00a0 | $ | 5,745\u00a0 | $ | 1,952\u00a0 | $ | 100\u00a0 | $ | 19,944\u00a0 |
| December 31 | 2020 | 2019 | ||||||
| Prepaid taxes and deferred charges | $ | 368\u00a0 | $ | 610\u00a0 | ||||
| Derivative instruments (Note 21) | 440\u00a0 | 211\u00a0 | ||||||
| Other | 27\u00a0 | 31\u00a0 | ||||||
| GE Industrial All other current assets | $ | 835\u00a0 | $ | 852\u00a0 | ||||
| Assets held for sale | $ | 871\u00a0 | $ | 2,294\u00a0 | ||||
| Derivative instruments (Note 21) | 42\u00a0 | 529\u00a0 | ||||||
| Other | 108\u00a0 | 113\u00a0 | ||||||
| GE Capital All other current assets | $ | 1,021\u00a0 | $ | 2,936\u00a0 | ||||
| Eliminations | (334) | (426) | ||||||
| Consolidated All other current assets | $ | 1,522\u00a0 | $ | 3,362\u00a0 | ||||
| Equity method and other investments | $ | 3,827\u00a0 | $ | 4,015\u00a0 | ||||
| Long-term receivables (Note 4) | 2,430\u00a0 | 2,413\u00a0 | ||||||
| Prepaid taxes and deferred charges | 817\u00a0 | 870\u00a0 | ||||||
| Other | 874\u00a0 | 449\u00a0 | ||||||
| GE Industrial All other non-current assets | $ | 7,948\u00a0 | $ | 7,748\u00a0 | ||||
| Equity method and other investments | $ | 3,199\u00a0 | $ | 2,227\u00a0 | ||||
| GECAS pre-delivery payments (Note 23) | 2,871\u00a0 | 2,934\u00a0 | ||||||
| Insurance cash and cash equivalents(a) | 455\u00a0 | 583\u00a0 | ||||||
| Other | 543\u00a0 | 551\u00a0 | ||||||
| GE Capital All other non-current assets | $ | 7,068\u00a0 | $ | 6,294\u00a0 | ||||
| Eliminations | (419) | (160) | ||||||
| Consolidated All other non-current assets | $ | 14,597\u00a0 | $ | 13,882\u00a0 | ||||
| Total All other assets | $ | 16,119\u00a0 | $ | 17,244\u00a0 |
| Equity method investment balance | Equity method income (loss) | |||||||||||||||||||
| December 31 | 2020 | 2019 | 2020 | 2019 | 2018 | |||||||||||||||
| Power | $ | 576\u00a0 | $ | 565\u00a0 | $ | 43\u00a0 | $ | (4) | $ | (20) | ||||||||||
| Renewable Energy | 724\u00a0 | 630\u00a0 | 13\u00a0 | (2) | (1) | |||||||||||||||
| Aviation | 2,032\u00a0 | 2,073\u00a0 | (41) | 204\u00a0 | 126\u00a0 | |||||||||||||||
| Healthcare | 251\u00a0 | 245\u00a0 | 7\u00a0 | 19\u00a0 | 16\u00a0 | |||||||||||||||
| Capital(a) | 3,110\u00a0 | 2,159\u00a0 | 77\u00a0 | 217\u00a0 | (254) | |||||||||||||||
| Corporate items and eliminations | 31\u00a0 | 28\u00a0 | 5\u00a0 | (11) | (99) | |||||||||||||||
| Total consolidated | $ | 6,724\u00a0 | $ | 5,700\u00a0 | $ | 104\u00a0 | $ | 423\u00a0 | $ | (233) |
| December 31 | 2020 | 2019 | ||||||
| Prepaid taxes and deferred charges | $ | 368\u00a0 | $ | 610\u00a0 | ||||
| Derivative instruments (Note 21) | 440\u00a0 | 211\u00a0 | ||||||
| Other | 27\u00a0 | 31\u00a0 | ||||||
| GE Industrial All other current assets | $ | 835\u00a0 | $ | 852\u00a0 | ||||
| Assets held for sale | $ | 871\u00a0 | $ | 2,294\u00a0 | ||||
| Derivative instruments (Note 21) | 42\u00a0 | 529\u00a0 | ||||||
| Other | 108\u00a0 | 113\u00a0 | ||||||
| GE Capital All other current assets | $ | 1,021\u00a0 | $ | 2,936\u00a0 | ||||
| Eliminations | (334) | (426) | ||||||
| Consolidated All other current assets | $ | 1,522\u00a0 | $ | 3,362\u00a0 | ||||
| Equity method and other investments | $ | 3,827\u00a0 | $ | 4,015\u00a0 | ||||
| Long-term receivables (Note 4) | 2,430\u00a0 | 2,413\u00a0 | ||||||
| Prepaid taxes and deferred charges | 817\u00a0 | 870\u00a0 | ||||||
| Other | 874\u00a0 | 449\u00a0 | ||||||
| GE Industrial All other non-current assets | $ | 7,948\u00a0 | $ | 7,748\u00a0 | ||||
| Equity method and other investments | $ | 3,199\u00a0 | $ | 2,227\u00a0 | ||||
| GECAS pre-delivery payments (Note 23) | 2,871\u00a0 | 2,934\u00a0 | ||||||
| Insurance cash and cash equivalents(a) | 455\u00a0 | 583\u00a0 | ||||||
| Other | 543\u00a0 | 551\u00a0 | ||||||
| GE Capital All other non-current assets | $ | 7,068\u00a0 | $ | 6,294\u00a0 | ||||
| Eliminations | (419) | (160) | ||||||
| Consolidated All other non-current assets | $ | 14,597\u00a0 | $ | 13,882\u00a0 | ||||
| Total All other assets | $ | 16,119\u00a0 | $ | 17,244\u00a0 |
| Equity method investment balance | Equity method income (loss) | |||||||||||||||||||
| December 31 | 2020 | 2019 | 2020 | 2019 | 2018 | |||||||||||||||
| Power | $ | 576\u00a0 | $ | 565\u00a0 | $ | 43\u00a0 | $ | (4) | $ | (20) | ||||||||||
| Renewable Energy | 724\u00a0 | 630\u00a0 | 13\u00a0 | (2) | (1) | |||||||||||||||
| Aviation | 2,032\u00a0 | 2,073\u00a0 | (41) | 204\u00a0 | 126\u00a0 | |||||||||||||||
| Healthcare | 251\u00a0 | 245\u00a0 | 7\u00a0 | 19\u00a0 | 16\u00a0 | |||||||||||||||
| Capital(a) | 3,110\u00a0 | 2,159\u00a0 | 77\u00a0 | 217\u00a0 | (254) | |||||||||||||||
| Corporate items and eliminations | 31\u00a0 | 28\u00a0 | 5\u00a0 | (11) | (99) | |||||||||||||||
| Total consolidated | $ | 6,724\u00a0 | $ | 5,700\u00a0 | $ | 104\u00a0 | $ | 423\u00a0 | $ | (233) |
| For the years ended December 31 | 2020 | 2019(a) | ||||||
| Revenues | $ | 20,705\u00a0 | $ | 7,751\u00a0 | ||||
| Gross Profit | 3,199\u00a0 | 1,558\u00a0 | ||||||
| Net income (loss) | (15,761) | 120\u00a0 | ||||||
| Net income (loss) attributable to the entity | (9,940) | 60\u00a0 |
| As of December 31 | 2020 | 2019 | ||||||
| Current | $ | 16,455\u00a0 | $ | 15,222\u00a0 | ||||
| Noncurrent | 21,552\u00a0 | 38,147\u00a0 | ||||||
| Total assets | $ | 38,007\u00a0 | $ | 53,369\u00a0 | ||||
| Current | $ | 10,227\u00a0 | $ | 10,014\u00a0 | ||||
| Noncurrent | 9,538\u00a0 | 8,857\u00a0 | ||||||
| Total liabilities | $ | 19,765\u00a0 | $ | 18,871\u00a0 | ||||
| Noncontrolling interests | $ | 5,349\u00a0 | $ | 12,570\u00a0 |
| December 31 | 2020 | 2019 | |||||||||||||||
| Amount | Average Rate | Amount | Average Rate | ||||||||||||||
| Commercial paper | $ | \u2014\u00a0 | \u2014\u00a0 | % | $ | 3,008\u00a0 | 1.62\u00a0 | % | |||||||||
| Current portion of long-term borrowings | 36\u00a0 | 5.03\u00a0 | 766\u00a0 | 0.36\u00a0 | |||||||||||||
| Current portion of long-term borrowings assumed by GE Industrial | 2,432\u00a0 | 3.49\u00a0 | 5,473\u00a0 | 3.71\u00a0 | |||||||||||||
| Other | 882\u00a0 | 1,832\u00a0 | |||||||||||||||
| Total GE Industrial short-term borrowings | $ | 3,350\u00a0 | $ | 11,079\u00a0 | |||||||||||||
| Current portion of long-term borrowings | $ | 853\u00a0 | 1.72\u00a0 | % | $ | 11,226\u00a0 | 3.01\u00a0 | % | |||||||||
| Intercompany payable to GE Industrial | 2,432\u00a0 | 2,104\u00a0 | |||||||||||||||
Non-recourse borrowings of consolidated securitization entities | 892\u00a0 | 0.81\u00a0 | 1,569\u00a0 | 1.26\u00a0 | |||||||||||||
| Other | 283\u00a0 | 804\u00a0 | |||||||||||||||
| Total GE Capital short-term borrowings | $ | 4,461\u00a0 | $ | 15,702\u00a0 | |||||||||||||
| Eliminations | (3,033) | (3,140) | |||||||||||||||
| Total short-term borrowings | $ | 4,778\u00a0 | $ | 23,641\u00a0 | |||||||||||||
| Maturities | Amount | Average Rate | Amount | Average Rate | |||||||||||||
| Senior notes | 2022-2050 | $ | 18,994\u00a0 | 2.90\u00a0 | % | $ | 14,762\u00a0 | 2.11\u00a0 | % | ||||||||
| Senior notes assumed by GE Industrial | 2022-2055 | 18,178\u00a0 | 3.25\u00a0 | 23,024\u00a0 | 4.17\u00a0 | ||||||||||||
| Subordinated notes assumed by GE Industrial | 2035-2037 | 1,779\u00a0 | 3.28\u00a0 | 2,871\u00a0 | 3.68\u00a0 | ||||||||||||
| Other | 435\u00a0 | 324\u00a0 | |||||||||||||||
| Total GE Industrial long-term borrowings | $ | 39,386\u00a0 | $ | 40,980\u00a0 | |||||||||||||
| Senior notes | 2022-2042 | $ | 30,132\u00a0 | 3.41\u00a0 | % | $ | 25,371\u00a0 | 3.66\u00a0 | % | ||||||||
| Subordinated notes | 189\u00a0 | 178\u00a0 | |||||||||||||||
| Intercompany payable to GE Industrial | 16,780\u00a0 | 17,038\u00a0 | |||||||||||||||
Non-recourse borrowings of consolidated securitization entities | \u2014\u00a0 | 86\u00a0 | 2.82\u00a0 | ||||||||||||||
| Other | 582\u00a0 | 626\u00a0 | |||||||||||||||
| Total GE Capital long-term borrowings | $ | 47,683\u00a0 | $ | 43,299\u00a0 | |||||||||||||
| Eliminations | (16,780) | (17,038) | |||||||||||||||
| Total long-term borrowings | $ | 70,288\u00a0 | $ | 67,241\u00a0 | |||||||||||||
| Total borrowings | $ | 75,067\u00a0 | $ | 90,882\u00a0 |
| 2021 | 2022 | 2023 | 2024 | 2025 | ||||||||||||||||
| GE Industrial excluding assumed debt | $ | 36\u00a0 | $ | 2,016\u00a0 | $ | 977\u00a0 | $ | 477\u00a0 | $ | 2,440\u00a0 | ||||||||||
| GE Capital debt assumed by GE Industrial | 2,432\u00a0 | 1,483\u00a0 | 1,977\u00a0 | 918\u00a0 | 237\u00a0 | |||||||||||||||
| GE Capital other debt | 853\u00a0 | (a) | 1,469\u00a0 | 1,771\u00a0 | 142\u00a0 | 3,477\u00a0 |
| December 31 | 2020 | 2019 | |||||||||||||||
| Amount | Average Rate | Amount | Average Rate | ||||||||||||||
| Commercial paper | $ | \u2014\u00a0 | \u2014\u00a0 | % | $ | 3,008\u00a0 | 1.62\u00a0 | % | |||||||||
| Current portion of long-term borrowings | 36\u00a0 | 5.03\u00a0 | 766\u00a0 | 0.36\u00a0 | |||||||||||||
| Current portion of long-term borrowings assumed by GE Industrial | 2,432\u00a0 | 3.49\u00a0 | 5,473\u00a0 | 3.71\u00a0 | |||||||||||||
| Other | 882\u00a0 | 1,832\u00a0 | |||||||||||||||
| Total GE Industrial short-term borrowings | $ | 3,350\u00a0 | $ | 11,079\u00a0 | |||||||||||||
| Current portion of long-term borrowings | $ | 853\u00a0 | 1.72\u00a0 | % | $ | 11,226\u00a0 | 3.01\u00a0 | % | |||||||||
| Intercompany payable to GE Industrial | 2,432\u00a0 | 2,104\u00a0 | |||||||||||||||
Non-recourse borrowings of consolidated securitization entities | 892\u00a0 | 0.81\u00a0 | 1,569\u00a0 | 1.26\u00a0 | |||||||||||||
| Other | 283\u00a0 | 804\u00a0 | |||||||||||||||
| Total GE Capital short-term borrowings | $ | 4,461\u00a0 | $ | 15,702\u00a0 | |||||||||||||
| Eliminations | (3,033) | (3,140) | |||||||||||||||
| Total short-term borrowings | $ | 4,778\u00a0 | $ | 23,641\u00a0 | |||||||||||||
| Maturities | Amount | Average Rate | Amount | Average Rate | |||||||||||||
| Senior notes | 2022-2050 | $ | 18,994\u00a0 | 2.90\u00a0 | % | $ | 14,762\u00a0 | 2.11\u00a0 | % | ||||||||
| Senior notes assumed by GE Industrial | 2022-2055 | 18,178\u00a0 | 3.25\u00a0 | 23,024\u00a0 | 4.17\u00a0 | ||||||||||||
| Subordinated notes assumed by GE Industrial | 2035-2037 | 1,779\u00a0 | 3.28\u00a0 | 2,871\u00a0 | 3.68\u00a0 | ||||||||||||
| Other | 435\u00a0 | 324\u00a0 | |||||||||||||||
| Total GE Industrial long-term borrowings | $ | 39,386\u00a0 | $ | 40,980\u00a0 | |||||||||||||
| Senior notes | 2022-2042 | $ | 30,132\u00a0 | 3.41\u00a0 | % | $ | 25,371\u00a0 | 3.66\u00a0 | % | ||||||||
| Subordinated notes | 189\u00a0 | 178\u00a0 | |||||||||||||||
| Intercompany payable to GE Industrial | 16,780\u00a0 | 17,038\u00a0 | |||||||||||||||
Non-recourse borrowings of consolidated securitization entities | \u2014\u00a0 | 86\u00a0 | 2.82\u00a0 | ||||||||||||||
| Other | 582\u00a0 | 626\u00a0 | |||||||||||||||
| Total GE Capital long-term borrowings | $ | 47,683\u00a0 | $ | 43,299\u00a0 | |||||||||||||
| Eliminations | (16,780) | (17,038) | |||||||||||||||
| Total long-term borrowings | $ | 70,288\u00a0 | $ | 67,241\u00a0 | |||||||||||||
| Total borrowings | $ | 75,067\u00a0 | $ | 90,882\u00a0 |
| 2021 | 2022 | 2023 | 2024 | 2025 | ||||||||||||||||
| GE Industrial excluding assumed debt | $ | 36\u00a0 | $ | 2,016\u00a0 | $ | 977\u00a0 | $ | 477\u00a0 | $ | 2,440\u00a0 | ||||||||||
| GE Capital debt assumed by GE Industrial | 2,432\u00a0 | 1,483\u00a0 | 1,977\u00a0 | 918\u00a0 | 237\u00a0 | |||||||||||||||
| GE Capital other debt | 853\u00a0 | (a) | 1,469\u00a0 | 1,771\u00a0 | 142\u00a0 | 3,477\u00a0 |
December 31, 2020 | Long-term care insurance contracts | Structured settlement annuities & life insurance contracts | Other contracts | Other adjustments(a) | Total | ||||||||||||
| Future policy benefit reserves | $ | 16,934\u00a0 | $ | 9,207\u00a0 | $ | 181\u00a0 | $ | 8,160\u00a0 | $ | 34,482\u00a0 | |||||||
| Claim reserves(b) | 4,393\u00a0 | 275\u00a0 | 1,068\u00a0 | \u2014\u00a0 | 5,736\u00a0 | ||||||||||||
| Investment contracts | \u2014\u00a0 | 1,034\u00a0 | 1,016\u00a0 | \u2014\u00a0 | 2,049\u00a0 | ||||||||||||
| Unearned premiums and other | 19\u00a0 | 189\u00a0 | 89\u00a0 | \u2014\u00a0 | 298\u00a0 | ||||||||||||
| 21,346\u00a0 | 10,705\u00a0 | 2,354\u00a0 | 8,160\u00a0 | 42,565\u00a0 | |||||||||||||
| Eliminations | \u2014\u00a0 | \u2014\u00a0 | (374) | \u2014\u00a0 | (374) | ||||||||||||
| Total | $ | 21,346\u00a0 | $ | 10,705\u00a0 | $ | 1,980\u00a0 | $ | 8,160\u00a0 | $ | 42,191\u00a0 |
December 31, 2019 | |||||||||||||||||
| Future policy benefit reserves | $ | 16,755\u00a0 | $ | 9,511\u00a0 | $ | 183\u00a0 | $ | 5,655\u00a0 | $ | 32,104\u00a0 | |||||||
| Claim reserves(b) | 4,238\u00a0 | 252\u00a0 | 1,125\u00a0 | \u2014\u00a0 | 5,615\u00a0 | ||||||||||||
| Investment contracts | \u2014\u00a0 | 1,136\u00a0 | 1,055\u00a0 | \u2014\u00a0 | 2,191\u00a0 | ||||||||||||
| Unearned premiums and other | 30\u00a0 | 196\u00a0 | 96\u00a0 | \u2014\u00a0 | 322\u00a0 | ||||||||||||
| 21,023\u00a0 | 11,095\u00a0 | 2,459\u00a0 | 5,655\u00a0 | 40,232\u00a0 | |||||||||||||
| Eliminations | \u2014\u00a0 | \u2014\u00a0 | (406) | \u2014\u00a0 | (406) | ||||||||||||
| Total | $ | 21,023\u00a0 | $ | 11,095\u00a0 | $ | 2,053\u00a0 | $ | 5,655\u00a0 | $ | 39,826\u00a0 |
December 31, 2020 | Long-term care insurance contracts | Structured settlement annuities & life insurance contracts | Other contracts | Other adjustments(a) | Total | ||||||||||||
| Future policy benefit reserves | $ | 16,934\u00a0 | $ | 9,207\u00a0 | $ | 181\u00a0 | $ | 8,160\u00a0 | $ | 34,482\u00a0 | |||||||
| Claim reserves(b) | 4,393\u00a0 | 275\u00a0 | 1,068\u00a0 | \u2014\u00a0 | 5,736\u00a0 | ||||||||||||
| Investment contracts | \u2014\u00a0 | 1,034\u00a0 | 1,016\u00a0 | \u2014\u00a0 | 2,049\u00a0 | ||||||||||||
| Unearned premiums and other | 19\u00a0 | 189\u00a0 | 89\u00a0 | \u2014\u00a0 | 298\u00a0 | ||||||||||||
| 21,346\u00a0 | 10,705\u00a0 | 2,354\u00a0 | 8,160\u00a0 | 42,565\u00a0 | |||||||||||||
| Eliminations | \u2014\u00a0 | \u2014\u00a0 | (374) | \u2014\u00a0 | (374) | ||||||||||||
| Total | $ | 21,346\u00a0 | $ | 10,705\u00a0 | $ | 1,980\u00a0 | $ | 8,160\u00a0 | $ | 42,191\u00a0 |
December 31, 2019 | |||||||||||||||||
| Future policy benefit reserves | $ | 16,755\u00a0 | $ | 9,511\u00a0 | $ | 183\u00a0 | $ | 5,655\u00a0 | $ | 32,104\u00a0 | |||||||
| Claim reserves(b) | 4,238\u00a0 | 252\u00a0 | 1,125\u00a0 | \u2014\u00a0 | 5,615\u00a0 | ||||||||||||
| Investment contracts | \u2014\u00a0 | 1,136\u00a0 | 1,055\u00a0 | \u2014\u00a0 | 2,191\u00a0 | ||||||||||||
| Unearned premiums and other | 30\u00a0 | 196\u00a0 | 96\u00a0 | \u2014\u00a0 | 322\u00a0 | ||||||||||||
| 21,023\u00a0 | 11,095\u00a0 | 2,459\u00a0 | 5,655\u00a0 | 40,232\u00a0 | |||||||||||||
| Eliminations | \u2014\u00a0 | \u2014\u00a0 | (406) | \u2014\u00a0 | (406) | ||||||||||||
| Total | $ | 21,023\u00a0 | $ | 11,095\u00a0 | $ | 2,053\u00a0 | $ | 5,655\u00a0 | $ | 39,826\u00a0 |
| DESCRIPTION OF OUR PLANS | ||||||||||||||
| Plan Category | Participants | Funding | Other | |||||||||||
Principal Pension Plans | GE Pension Plan | Covers U.S. participants. ~176,500 retirees and beneficiaries, ~93,000 vested former employees and ~26,500 active employees. | Our funding policy is to contribute amounts sufficient to meet minimum funding requirements under employee benefit and tax laws. We may decide to contribute additional amounts beyond this level. | This plan has been closed to new participants since 2012. Benefits for ~20,000 employees with salaried benefits were frozen effective January 1, 2021, and thereafter these employees will receive increased company contributions in the company sponsored defined contribution plan in lieu of participation in a defined benefit plan (announced 10/2019). | ||||||||||
| GE Supplementary Pension Plan | Provides supplementary benefits to higher-level, longer-service U.S. employees | This plan is unfunded. We pay benefits from company cash. | The annuity benefit has been closed to new participants since 2011 and has been replaced by an installment benefit. Benefits for ~700 employees who became executives before 2011 were frozen effective January 1, 2021, and thereafter these employees will accrue the installment benefit offered to new executives since 2011. | |||||||||||
Other Pension Plans | 44 U.S. and non-U.S. pension plans with pension assets or obligations greater than $50 million | Covers ~56,500 retirees and beneficiaries, ~49,500 vested former employees and ~20,000 active employees | Our funding policy is to contribute amounts sufficient to meet minimum funding requirements under employee benefit and tax laws in each country. We pay benefits for some plans from company cash. | In certain countries, benefit accruals have ceased and/or have been closed to new hires as of various dates. | ||||||||||
Principal Retiree Benefit Plans | Provides health and life insurance benefits to certain eligible participants | Covers U.S participants. ~170,000 retirees and dependents | We fund retiree health benefits on a pay-as-you-go basis and the retiree life insurance trust at our discretion. | Participants share in the cost of the healthcare benefits. |
| FUNDING STATUS BY PLAN TYPE | Benefit Obligation | Fair Value of Assets | Deficit/(Surplus) | |||||||||||||||||||||||
| 2020 | 2019 | 2020 | 2019 | 2020 | 2019 | |||||||||||||||||||||
| Principal Pension Plans: | ||||||||||||||||||||||||||
| GE Pension Plan (subject to regulatory funding) | $ | 68,945\u00a0 | $ | 65,065\u00a0 | $ | 58,843\u00a0 | $ | 52,633\u00a0 | $ | 10,102\u00a0 | $ | 12,432\u00a0 | ||||||||||||||
| GE Supplementary Pension Plan (not subject to regulatory funding) | 7,353\u00a0 | 6,691\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 7,353\u00a0 | 6,691\u00a0 | ||||||||||||||||||||
| \u00a0\u00a0\u00a0\u00a0 | 76,298\u00a0 | 71,756\u00a0 | 58,843\u00a0 | 52,633\u00a0 | 17,455\u00a0 | 19,123\u00a0 | ||||||||||||||||||||
| Other Pension Plans: | ||||||||||||||||||||||||||
| Subject to regulatory funding | 21,793\u00a0 | 19,907\u00a0 | 21,283\u00a0 | 18,906\u00a0 | 510\u00a0 | 1,001\u00a0 | ||||||||||||||||||||
| Not subject to regulatory funding | 2,865\u00a0 | 3,014\u00a0 | 223\u00a0 | 236\u00a0 | 2,642\u00a0 | 2,778\u00a0 | ||||||||||||||||||||
| Principal retiree benefit plans (not subject to regulatory funding) | 5,019\u00a0 | 5,160\u00a0 | 134\u00a0 | 289\u00a0 | 4,885\u00a0 | 4,871\u00a0 | ||||||||||||||||||||
| Total plans subject to regulatory funding | 90,738\u00a0 | 84,972\u00a0 | 80,126\u00a0 | 71,539\u00a0 | 10,612\u00a0 | 13,433\u00a0 | ||||||||||||||||||||
| Total plans not subject to regulatory funding | 15,237\u00a0 | 14,865\u00a0 | 357\u00a0 | 525\u00a0 | 14,880\u00a0 | 14,340\u00a0 | ||||||||||||||||||||
| Total plans | $ | 105,975\u00a0 | $ | 99,837\u00a0 | $ | 80,483\u00a0 | $ | 72,064\u00a0 | $ | 25,492\u00a0 | $ | 27,773\u00a0 |
| COST OF OUR BENEFITS PLANS | 2020 | 2019 | 2018 | ||||||||||||||||||||||||||||||||
| AND ASSUMPTIONS | Principal pension | Other pension | Principal retiree benefit | Principal pension | Other pension | Principal retiree benefit | Principal pension | Other pension | Principal retiree benefit | ||||||||||||||||||||||||||
| Components of expense (income) | |||||||||||||||||||||||||||||||||||
| Service cost - operating | $ | 657\u00a0 | $ | 243\u00a0 | $ | 59\u00a0 | $ | 654\u00a0 | $ | 246\u00a0 | $ | 58\u00a0 | $ | 888\u00a0 | $ | 323\u00a0 | $ | 63\u00a0 | |||||||||||||||||
| Interest cost | 2,350\u00a0 | 422\u00a0 | 150\u00a0 | 2,780\u00a0 | 542\u00a0 | 202\u00a0 | 2,658\u00a0 | 548\u00a0 | 196\u00a0 | ||||||||||||||||||||||||||
| Expected return on plan assets | (2,993) | (1,082) | (11) | (3,428) | (1,144) | (21) | (3,248) | (1,285) | (29) | ||||||||||||||||||||||||||
| Amortization of net actuarial loss (gain) | 3,399\u00a0 | 434\u00a0 | (82) | 3,439\u00a0 | 319\u00a0 | (118) | 3,785\u00a0 | 312\u00a0 | (79) | ||||||||||||||||||||||||||
| Amortization of prior service cost (credit) | 146\u00a0 | 1\u00a0 | (234) | 135\u00a0 | 3\u00a0 | (232) | 143\u00a0 | (9) | (230) | ||||||||||||||||||||||||||
| Curtailment / settlement loss (gain)(a) | \u2014\u00a0 | 12\u00a0 | \u2014\u00a0 | 349\u00a0 | 13\u00a0 | (38) | 34\u00a0 | 1\u00a0 | \u2014\u00a0 | ||||||||||||||||||||||||||
| Non-operating | $ | 2,902\u00a0 | $ | (213) | $ | (177) | $ | 3,275\u00a0 | $ | (267) | $ | (207) | $ | 3,372\u00a0 | $ | (433) | $ | (142) | |||||||||||||||||
| Net periodic expense (income) | $ | 3,559\u00a0 | $ | 30\u00a0 | $ | (118) | $ | 3,929\u00a0 | $ | (21) | $ | (149) | $ | 4,260\u00a0 | $ | (110) | $ | (79) | |||||||||||||||||
| Weighted-average assumptions used to determine benefit obligations | |||||||||||||||||||||||||||||||||||
| Discount rate | 2.61\u00a0 | % | 1.44\u00a0 | % | 2.15\u00a0 | % | 3.36\u00a0 | % | 1.97\u00a0 | % | 3.05\u00a0 | % | 4.34\u00a0 | % | 2.75\u00a0 | % | 4.12\u00a0 | % | |||||||||||||||||
| Compensation increases | 2.95\u00a0 | 3.06\u00a0 | 2.82\u00a0 | 2.95\u00a0 | 3.16\u00a0 | 3.75\u00a0 | 3.60\u00a0 | 3.16\u00a0 | 3.60\u00a0 | ||||||||||||||||||||||||||
| Initial healthcare trend rate(b) | N/A | N/A | 5.90\u00a0 | N/A | N/A | 5.90\u00a0 | N/A | N/A | 6.00\u00a0 | ||||||||||||||||||||||||||
| Weighted-average assumptions used to determine benefit cost | |||||||||||||||||||||||||||||||||||
| Discount rate(c) | 3.36\u00a0 | 1.97\u00a0 | 3.05\u00a0 | 4.07\u00a0 | 2.75\u00a0 | 4.12\u00a0 | 3.64\u00a0 | 2.41\u00a0 | 3.43\u00a0 | ||||||||||||||||||||||||||
| Expected rate of return on plan assets | 6.25\u00a0 | 5.69\u00a0 | 7.00\u00a0 | 6.75\u00a0 | 6.76\u00a0 | 7.00\u00a0 | 6.75\u00a0 | 6.75\u00a0 | 7.00\u00a0 |
| PLAN FUNDED STATUS AND AMOUNTS RECORDED IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) | ||||||||||||||||||||||||||||||||||||||
| 2020 | 2019 | |||||||||||||||||||||||||||||||||||||
| Principal pension | Other pension | Principal retiree benefit | Principal pension | Other pension | Principal retiree benefit | |||||||||||||||||||||||||||||||||
| Change in benefit obligations | ||||||||||||||||||||||||||||||||||||||
| Balance at January 1 | $ | 71,756\u00a0 | $ | 22,921\u00a0 | $ | 5,160\u00a0 | $ | 68,500\u00a0 | $ | 21,091\u00a0 | $ | 5,153\u00a0 | ||||||||||||||||||||||||||
| Service cost | 657\u00a0 | 243\u00a0 | 59\u00a0 | 654\u00a0 | 246\u00a0 | 58\u00a0 | ||||||||||||||||||||||||||||||||
| Interest cost | 2,350\u00a0 | 422\u00a0 | 150\u00a0 | 2,780\u00a0 | 542\u00a0 | 202\u00a0 | ||||||||||||||||||||||||||||||||
| Participant contributions | 69\u00a0 | 28\u00a0 | 63\u00a0 | 77\u00a0 | 29\u00a0 | 61\u00a0 | ||||||||||||||||||||||||||||||||
| Plan amendments | \u2014\u00a0 | 27\u00a0 | (7) | (42) | (c) | (17) | (23) | |||||||||||||||||||||||||||||||
| Actuarial loss (gain) - net | 7,057\u00a0 | (a) | 1,927\u00a0 | (a) | 85\u00a0 | (a) | 7,073\u00a0 | (d) | 2,422\u00a0 | (a) | 275\u00a0 | (a) | ||||||||||||||||||||||||||
| Benefits paid | (3,885) | (1,062) | (491) | (3,788) | (1,043) | (533) | \u00a0\u00a0 | |||||||||||||||||||||||||||||||
| Curtailments | \u2014\u00a0 | (69) | \u2014\u00a0 | (838) | (32) | (33) | ||||||||||||||||||||||||||||||||
| Settlements | (1,706) | (b) | \u2014\u00a0 | \u2014\u00a0 | (2,657) | (e) | \u2014\u00a0 | \u2014\u00a0 | ||||||||||||||||||||||||||||||
| Dispositions/ acquisitions / other - net | \u2014\u00a0 | (335) | \u2014\u00a0 | (3) | (1,030) | \u2014\u00a0 | \u00a0\u00a0 | |||||||||||||||||||||||||||||||
| Exchange rate adjustments | \u2014\u00a0 | 556\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 713\u00a0 | \u2014\u00a0 | \u00a0\u00a0 | |||||||||||||||||||||||||||||||
| Balance at December 31 | $ | 76,298\u00a0 | (f) | $ | 24,658\u00a0 | $ | 5,019\u00a0 | (g) | $ | 71,756\u00a0 | (f) | $ | 22,921\u00a0 | $ | 5,160\u00a0 | (g) | ||||||||||||||||||||||
| Change in plan assets | ||||||||||||||||||||||||||||||||||||||
| Balance at January 1 | 52,633\u00a0 | 19,142\u00a0 | 289\u00a0 | 50,009\u00a0 | 17,537\u00a0 | 362\u00a0 | ||||||||||||||||||||||||||||||||
| Actual gain (loss) on plan assets | 8,926\u00a0 | 2,542\u00a0 | (22) | 8,694\u00a0 | 2,229\u00a0 | 57\u00a0 | ||||||||||||||||||||||||||||||||
| Employer contributions | 2,806\u00a0 | 509\u00a0 | 295\u00a0 | 298\u00a0 | 716\u00a0 | 342\u00a0 | ||||||||||||||||||||||||||||||||
| Participant contributions | 69\u00a0 | 28\u00a0 | 63\u00a0 | 77\u00a0 | 29\u00a0 | 61\u00a0 | ||||||||||||||||||||||||||||||||
| Benefits paid | (3,885) | (1,062) | (491) | (3,788) | (1,043) | (533) | ||||||||||||||||||||||||||||||||
| Settlements | (1,706) | (b) | \u2014\u00a0 | \u2014\u00a0 | (2,657) | (e) | \u2014\u00a0 | \u2014\u00a0 | ||||||||||||||||||||||||||||||
| Dispositions/ acquisitions / other - net | \u2014\u00a0 | (59) | \u2014\u00a0 | \u2014\u00a0 | (1,030) | \u2014\u00a0 | ||||||||||||||||||||||||||||||||
| Exchange rate adjustments | \u2014\u00a0 | 406\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 704\u00a0 | \u2014\u00a0 | ||||||||||||||||||||||||||||||||
| Balance at December 31 | $ | 58,843\u00a0 | $ | 21,506\u00a0 | $ | 134\u00a0 | $ | 52,633\u00a0 | $ | 19,142\u00a0 | $ | 289\u00a0 | ||||||||||||||||||||||||||
| Funded status - deficit | $ | 17,455\u00a0 | $ | 3,152\u00a0 | $ | 4,885\u00a0 | $ | 19,123\u00a0 | $ | 3,779\u00a0 | $ | 4,871\u00a0 | ||||||||||||||||||||||||||
| Amounts recorded in the consolidated Statement of Financial Position | ||||||||||||||||||||||||||||||||||||||
| Non-current assets - other | \u2014\u00a0 | 845\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 475\u00a0 | \u2014\u00a0 | ||||||||||||||||||||||||||||||||
| Current liabilities - other | (315) | (106) | (330) | (296) | (123) | (355) | ||||||||||||||||||||||||||||||||
| Non-current liabilities - compensation and benefits | (17,140) | (3,891) | (4,555) | (18,827) | (4,131) | (4,516) | ||||||||||||||||||||||||||||||||
| Net amount recorded | $ | (17,455) | $ | (3,152) | $ | (4,885) | $ | (19,123) | $ | (3,779) | $ | (4,871) | ||||||||||||||||||||||||||
| Amounts recorded in Accumulated other comprehensive income (loss) | ||||||||||||||||||||||||||||||||||||||
| Prior service cost (credit) | (80) | 19\u00a0 | (2,148) | 67\u00a0 | (16) | (2,376) | ||||||||||||||||||||||||||||||||
| Actuarial loss (gain) | 5,687\u00a0 | 4,582\u00a0 | (633) | 7,961\u00a0 | 4,665\u00a0 | (833) | ||||||||||||||||||||||||||||||||
| Total recorded in Accumulated other comprehensive income (loss) | $ | 5,607\u00a0 | $ | 4,601\u00a0 | $ | (2,781) | $ | 8,028\u00a0 | $ | 4,649\u00a0 | $ | (3,209) |
| 2020 | 2019 | ||||||||||||||||||||||
| Principal pension | Other pension | Principal pension | Other pension | ||||||||||||||||||||
| Global equities | $ | 5,552\u00a0 | $ | 3,674\u00a0 | $ | 6,826\u00a0 | $ | 3,484\u00a0 | |||||||||||||||
| Debt securities | |||||||||||||||||||||||
| Fixed income and cash investment funds | 6,831\u00a0 | 10,003\u00a0 | 4,398\u00a0 | 8,089\u00a0 | |||||||||||||||||||
| U.S. corporate(a) | 8,512\u00a0 | 410\u00a0 | 8,025\u00a0 | 365\u00a0 | |||||||||||||||||||
| Other debt securities(b) | 5,505\u00a0 | 440\u00a0 | 6,076\u00a0 | 424\u00a0 | |||||||||||||||||||
| Real estate | 2,274\u00a0 | 81\u00a0 | 2,309\u00a0 | 140\u00a0 | |||||||||||||||||||
| Private equities and other investments | 490\u00a0 | 499\u00a0 | 23\u00a0 | 452\u00a0 | |||||||||||||||||||
| Total | 29,164\u00a0 | 15,107\u00a0 | 27,657\u00a0 | 12,954\u00a0 | |||||||||||||||||||
| Plan assets measured at net asset value | |||||||||||||||||||||||
| Global equities | 16,259\u00a0 | 1,415\u00a0 | 14,616\u00a0 | 1,450\u00a0 | |||||||||||||||||||
| Debt securities | 5,445\u00a0 | 1,268\u00a0 | 3,744\u00a0 | 914\u00a0 | |||||||||||||||||||
| Real estate | 1,324\u00a0 | 1,978\u00a0 | 1,167\u00a0 | 1,930\u00a0 | |||||||||||||||||||
| Private equities and other investments | 6,651\u00a0 | 1,738\u00a0 | 5,449\u00a0 | 1,894\u00a0 | |||||||||||||||||||
| Total plan assets at fair value | $ | 58,843\u00a0 | $ | 21,506\u00a0 | $ | 52,633\u00a0 | $ | 19,142\u00a0 |
| ASSET ALLOCATION OF PENSION PLANS | 2020 Target allocation | 2020 Actual allocation | |||||||||||||||||||||||||||||||||
| Principal Pension | Other Pension (weighted average) | Principal Pension | Other Pension (weighted average) | ||||||||||||||||||||||||||||||||
| Global equities | 30.0 - 47.0 | % | 22\u00a0 | % | 37\u00a0 | % | 25\u00a0 | % | |||||||||||||||||||||||||||
| Debt securities (including cash equivalents) | 21.0 - 65.0 | 52\u00a0 | 45\u00a0 | 56\u00a0 | |||||||||||||||||||||||||||||||
| Real estate | 3.5 - 13.5 | 9\u00a0 | 6\u00a0 | 10\u00a0 | |||||||||||||||||||||||||||||||
| Private equities & other investments | 6.0 - 16.0 | 17\u00a0 | 12\u00a0 | 9\u00a0 |
| ANNUALIZED RETURNS | 1 year | 5 years | 10 years | 25 years | ||||||||||
| GE Pension Plan | 17.6\u00a0 | % | 9.7\u00a0 | % | 8.0\u00a0 | % | 8.0\u00a0 | % |
| EXPECTED FUTURE BENEFIT PAYMENTS OF OUR BENEFIT PLANS | Principal pension | Other pension | Principal retiree benefit | ||||||||||||||
| 2021 | $ | 3,725\u00a0 | $ | 945\u00a0 | $ | 460\u00a0 | |||||||||||
| 2022 | 3,785\u00a0 | 945\u00a0 | 440\u00a0 | ||||||||||||||
| 2023 | 3,820\u00a0 | 955\u00a0 | 420\u00a0 | ||||||||||||||
| 2024 | 3,845\u00a0 | 970\u00a0 | 395\u00a0 | ||||||||||||||
| 2025 | 3,865\u00a0 | 995\u00a0 | 380\u00a0 | ||||||||||||||
| 2026 - 2030 | 19,410\u00a0 | 5,185\u00a0 | 1,615\u00a0 |
| COST OF POSTRETIREMENT BENEFIT PLANS AND CHANGES IN OTHER COMPREHENSIVE INCOME | |||||||||||||||||||||||||||||||||||
| For the years ended December 31 | 2020 | 2019 | 2018 | ||||||||||||||||||||||||||||||||
| (Pre-tax) | Principal pension | Other pension | Principal retiree benefit | Principal pension | Other pension | Principal retiree benefit | Principal pension | Other pension | Principal retiree benefit | ||||||||||||||||||||||||||
| Cost (income) of postretirement benefit plans | $ | 3,559\u00a0 | $ | 30\u00a0 | $ | (118) | $ | 3,929\u00a0 | $ | (21) | $ | (149) | $ | 4,260\u00a0 | $ | (110) | $ | (79) | |||||||||||||||||
| Changes in other comprehensive income | |||||||||||||||||||||||||||||||||||
| Prior service cost (credit) - current year | \u2014\u00a0 | 27\u00a0 | (7) | (42) | (17) | (23) | \u2014\u00a0 | 82\u00a0 | \u2014\u00a0 | ||||||||||||||||||||||||||
| Actuarial loss (gain) - current year | 1,124\u00a0 | 529\u00a0 | 119\u00a0 | 971\u00a0 | 1,592\u00a0 | 240\u00a0 | (111) | 464\u00a0 | (543) | ||||||||||||||||||||||||||
| Reclassifications out of AOCI | |||||||||||||||||||||||||||||||||||
| Curtailment / settlement gain (loss) | \u2014\u00a0 | (3) | \u2014\u00a0 | (353) | (12) | 4\u00a0 | (45) | (2) | \u2014\u00a0 | ||||||||||||||||||||||||||
| Dispositions | \u2014\u00a0 | (166) | \u2014\u00a0 | \u2014\u00a0 | (340) | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | ||||||||||||||||||||||||||
| Amortization of net actuarial gain (loss) | (3,399) | (434) | 82\u00a0 | (3,439) | (319) | 118\u00a0 | (3,785) | (312) | 79\u00a0 | ||||||||||||||||||||||||||
| Amortization of prior service credit (cost) | (146) | (1) | 234\u00a0 | (135) | (3) | 232\u00a0 | (143) | 9\u00a0 | 230\u00a0 | ||||||||||||||||||||||||||
| Total changes in other comprehensive income | (2,421) | (48) | 428\u00a0 | (2,998) | 901\u00a0 | 571\u00a0 | (4,084) | 241\u00a0 | (234) | ||||||||||||||||||||||||||
| Cost of postretirement benefit plans and changes in other comprehensive income | $ | 1,138\u00a0 | $ | (18) | $ | 310\u00a0 | $ | 931\u00a0 | $ | 880\u00a0 | $ | 422\u00a0 | $ | 176\u00a0 | $ | 131\u00a0 | $ | (313) |
| DESCRIPTION OF OUR PLANS | ||||||||||||||
| Plan Category | Participants | Funding | Other | |||||||||||
Principal Pension Plans | GE Pension Plan | Covers U.S. participants. ~176,500 retirees and beneficiaries, ~93,000 vested former employees and ~26,500 active employees. | Our funding policy is to contribute amounts sufficient to meet minimum funding requirements under employee benefit and tax laws. We may decide to contribute additional amounts beyond this level. | This plan has been closed to new participants since 2012. Benefits for ~20,000 employees with salaried benefits were frozen effective January 1, 2021, and thereafter these employees will receive increased company contributions in the company sponsored defined contribution plan in lieu of participation in a defined benefit plan (announced 10/2019). | ||||||||||
| GE Supplementary Pension Plan | Provides supplementary benefits to higher-level, longer-service U.S. employees | This plan is unfunded. We pay benefits from company cash. | The annuity benefit has been closed to new participants since 2011 and has been replaced by an installment benefit. Benefits for ~700 employees who became executives before 2011 were frozen effective January 1, 2021, and thereafter these employees will accrue the installment benefit offered to new executives since 2011. | |||||||||||
Other Pension Plans | 44 U.S. and non-U.S. pension plans with pension assets or obligations greater than $50 million | Covers ~56,500 retirees and beneficiaries, ~49,500 vested former employees and ~20,000 active employees | Our funding policy is to contribute amounts sufficient to meet minimum funding requirements under employee benefit and tax laws in each country. We pay benefits for some plans from company cash. | In certain countries, benefit accruals have ceased and/or have been closed to new hires as of various dates. | ||||||||||
Principal Retiree Benefit Plans | Provides health and life insurance benefits to certain eligible participants | Covers U.S participants. ~170,000 retirees and dependents | We fund retiree health benefits on a pay-as-you-go basis and the retiree life insurance trust at our discretion. | Participants share in the cost of the healthcare benefits. |
| FUNDING STATUS BY PLAN TYPE | Benefit Obligation | Fair Value of Assets | Deficit/(Surplus) | |||||||||||||||||||||||
| 2020 | 2019 | 2020 | 2019 | 2020 | 2019 | |||||||||||||||||||||
| Principal Pension Plans: | ||||||||||||||||||||||||||
| GE Pension Plan (subject to regulatory funding) | $ | 68,945\u00a0 | $ | 65,065\u00a0 | $ | 58,843\u00a0 | $ | 52,633\u00a0 | $ | 10,102\u00a0 | $ | 12,432\u00a0 | ||||||||||||||
| GE Supplementary Pension Plan (not subject to regulatory funding) | 7,353\u00a0 | 6,691\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 7,353\u00a0 | 6,691\u00a0 | ||||||||||||||||||||
| \u00a0\u00a0\u00a0\u00a0 | 76,298\u00a0 | 71,756\u00a0 | 58,843\u00a0 | 52,633\u00a0 | 17,455\u00a0 | 19,123\u00a0 | ||||||||||||||||||||
| Other Pension Plans: | ||||||||||||||||||||||||||
| Subject to regulatory funding | 21,793\u00a0 | 19,907\u00a0 | 21,283\u00a0 | 18,906\u00a0 | 510\u00a0 | 1,001\u00a0 | ||||||||||||||||||||
| Not subject to regulatory funding | 2,865\u00a0 | 3,014\u00a0 | 223\u00a0 | 236\u00a0 | 2,642\u00a0 | 2,778\u00a0 | ||||||||||||||||||||
| Principal retiree benefit plans (not subject to regulatory funding) | 5,019\u00a0 | 5,160\u00a0 | 134\u00a0 | 289\u00a0 | 4,885\u00a0 | 4,871\u00a0 | ||||||||||||||||||||
| Total plans subject to regulatory funding | 90,738\u00a0 | 84,972\u00a0 | 80,126\u00a0 | 71,539\u00a0 | 10,612\u00a0 | 13,433\u00a0 | ||||||||||||||||||||
| Total plans not subject to regulatory funding | 15,237\u00a0 | 14,865\u00a0 | 357\u00a0 | 525\u00a0 | 14,880\u00a0 | 14,340\u00a0 | ||||||||||||||||||||
| Total plans | $ | 105,975\u00a0 | $ | 99,837\u00a0 | $ | 80,483\u00a0 | $ | 72,064\u00a0 | $ | 25,492\u00a0 | $ | 27,773\u00a0 |
| PLAN FUNDED STATUS AND AMOUNTS RECORDED IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) | ||||||||||||||||||||||||||||||||||||||
| 2020 | 2019 | |||||||||||||||||||||||||||||||||||||
| Principal pension | Other pension | Principal retiree benefit | Principal pension | Other pension | Principal retiree benefit | |||||||||||||||||||||||||||||||||
| Change in benefit obligations | ||||||||||||||||||||||||||||||||||||||
| Balance at January 1 | $ | 71,756\u00a0 | $ | 22,921\u00a0 | $ | 5,160\u00a0 | $ | 68,500\u00a0 | $ | 21,091\u00a0 | $ | 5,153\u00a0 | ||||||||||||||||||||||||||
| Service cost | 657\u00a0 | 243\u00a0 | 59\u00a0 | 654\u00a0 | 246\u00a0 | 58\u00a0 | ||||||||||||||||||||||||||||||||
| Interest cost | 2,350\u00a0 | 422\u00a0 | 150\u00a0 | 2,780\u00a0 | 542\u00a0 | 202\u00a0 | ||||||||||||||||||||||||||||||||
| Participant contributions | 69\u00a0 | 28\u00a0 | 63\u00a0 | 77\u00a0 | 29\u00a0 | 61\u00a0 | ||||||||||||||||||||||||||||||||
| Plan amendments | \u2014\u00a0 | 27\u00a0 | (7) | (42) | (c) | (17) | (23) | |||||||||||||||||||||||||||||||
| Actuarial loss (gain) - net | 7,057\u00a0 | (a) | 1,927\u00a0 | (a) | 85\u00a0 | (a) | 7,073\u00a0 | (d) | 2,422\u00a0 | (a) | 275\u00a0 | (a) | ||||||||||||||||||||||||||
| Benefits paid | (3,885) | (1,062) | (491) | (3,788) | (1,043) | (533) | \u00a0\u00a0 | |||||||||||||||||||||||||||||||
| Curtailments | \u2014\u00a0 | (69) | \u2014\u00a0 | (838) | (32) | (33) | ||||||||||||||||||||||||||||||||
| Settlements | (1,706) | (b) | \u2014\u00a0 | \u2014\u00a0 | (2,657) | (e) | \u2014\u00a0 | \u2014\u00a0 | ||||||||||||||||||||||||||||||
| Dispositions/ acquisitions / other - net | \u2014\u00a0 | (335) | \u2014\u00a0 | (3) | (1,030) | \u2014\u00a0 | \u00a0\u00a0 | |||||||||||||||||||||||||||||||
| Exchange rate adjustments | \u2014\u00a0 | 556\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 713\u00a0 | \u2014\u00a0 | \u00a0\u00a0 | |||||||||||||||||||||||||||||||
| Balance at December 31 | $ | 76,298\u00a0 | (f) | $ | 24,658\u00a0 | $ | 5,019\u00a0 | (g) | $ | 71,756\u00a0 | (f) | $ | 22,921\u00a0 | $ | 5,160\u00a0 | (g) | ||||||||||||||||||||||
| Change in plan assets | ||||||||||||||||||||||||||||||||||||||
| Balance at January 1 | 52,633\u00a0 | 19,142\u00a0 | 289\u00a0 | 50,009\u00a0 | 17,537\u00a0 | 362\u00a0 | ||||||||||||||||||||||||||||||||
| Actual gain (loss) on plan assets | 8,926\u00a0 | 2,542\u00a0 | (22) | 8,694\u00a0 | 2,229\u00a0 | 57\u00a0 | ||||||||||||||||||||||||||||||||
| Employer contributions | 2,806\u00a0 | 509\u00a0 | 295\u00a0 | 298\u00a0 | 716\u00a0 | 342\u00a0 | ||||||||||||||||||||||||||||||||
| Participant contributions | 69\u00a0 | 28\u00a0 | 63\u00a0 | 77\u00a0 | 29\u00a0 | 61\u00a0 | ||||||||||||||||||||||||||||||||
| Benefits paid | (3,885) | (1,062) | (491) | (3,788) | (1,043) | (533) | ||||||||||||||||||||||||||||||||
| Settlements | (1,706) | (b) | \u2014\u00a0 | \u2014\u00a0 | (2,657) | (e) | \u2014\u00a0 | \u2014\u00a0 | ||||||||||||||||||||||||||||||
| Dispositions/ acquisitions / other - net | \u2014\u00a0 | (59) | \u2014\u00a0 | \u2014\u00a0 | (1,030) | \u2014\u00a0 | ||||||||||||||||||||||||||||||||
| Exchange rate adjustments | \u2014\u00a0 | 406\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 704\u00a0 | \u2014\u00a0 | ||||||||||||||||||||||||||||||||
| Balance at December 31 | $ | 58,843\u00a0 | $ | 21,506\u00a0 | $ | 134\u00a0 | $ | 52,633\u00a0 | $ | 19,142\u00a0 | $ | 289\u00a0 | ||||||||||||||||||||||||||
| Funded status - deficit | $ | 17,455\u00a0 | $ | 3,152\u00a0 | $ | 4,885\u00a0 | $ | 19,123\u00a0 | $ | 3,779\u00a0 | $ | 4,871\u00a0 | ||||||||||||||||||||||||||
| Amounts recorded in the consolidated Statement of Financial Position | ||||||||||||||||||||||||||||||||||||||
| Non-current assets - other | \u2014\u00a0 | 845\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 475\u00a0 | \u2014\u00a0 | ||||||||||||||||||||||||||||||||
| Current liabilities - other | (315) | (106) | (330) | (296) | (123) | (355) | ||||||||||||||||||||||||||||||||
| Non-current liabilities - compensation and benefits | (17,140) | (3,891) | (4,555) | (18,827) | (4,131) | (4,516) | ||||||||||||||||||||||||||||||||
| Net amount recorded | $ | (17,455) | $ | (3,152) | $ | (4,885) | $ | (19,123) | $ | (3,779) | $ | (4,871) | ||||||||||||||||||||||||||
| Amounts recorded in Accumulated other comprehensive income (loss) | ||||||||||||||||||||||||||||||||||||||
| Prior service cost (credit) | (80) | 19\u00a0 | (2,148) | 67\u00a0 | (16) | (2,376) | ||||||||||||||||||||||||||||||||
| Actuarial loss (gain) | 5,687\u00a0 | 4,582\u00a0 | (633) | 7,961\u00a0 | 4,665\u00a0 | (833) | ||||||||||||||||||||||||||||||||
| Total recorded in Accumulated other comprehensive income (loss) | $ | 5,607\u00a0 | $ | 4,601\u00a0 | $ | (2,781) | $ | 8,028\u00a0 | $ | 4,649\u00a0 | $ | (3,209) |
| COST OF OUR BENEFITS PLANS | 2020 | 2019 | 2018 | ||||||||||||||||||||||||||||||||
| AND ASSUMPTIONS | Principal pension | Other pension | Principal retiree benefit | Principal pension | Other pension | Principal retiree benefit | Principal pension | Other pension | Principal retiree benefit | ||||||||||||||||||||||||||
| Components of expense (income) | |||||||||||||||||||||||||||||||||||
| Service cost - operating | $ | 657\u00a0 | $ | 243\u00a0 | $ | 59\u00a0 | $ | 654\u00a0 | $ | 246\u00a0 | $ | 58\u00a0 | $ | 888\u00a0 | $ | 323\u00a0 | $ | 63\u00a0 | |||||||||||||||||
| Interest cost | 2,350\u00a0 | 422\u00a0 | 150\u00a0 | 2,780\u00a0 | 542\u00a0 | 202\u00a0 | 2,658\u00a0 | 548\u00a0 | 196\u00a0 | ||||||||||||||||||||||||||
| Expected return on plan assets | (2,993) | (1,082) | (11) | (3,428) | (1,144) | (21) | (3,248) | (1,285) | (29) | ||||||||||||||||||||||||||
| Amortization of net actuarial loss (gain) | 3,399\u00a0 | 434\u00a0 | (82) | 3,439\u00a0 | 319\u00a0 | (118) | 3,785\u00a0 | 312\u00a0 | (79) | ||||||||||||||||||||||||||
| Amortization of prior service cost (credit) | 146\u00a0 | 1\u00a0 | (234) | 135\u00a0 | 3\u00a0 | (232) | 143\u00a0 | (9) | (230) | ||||||||||||||||||||||||||
| Curtailment / settlement loss (gain)(a) | \u2014\u00a0 | 12\u00a0 | \u2014\u00a0 | 349\u00a0 | 13\u00a0 | (38) | 34\u00a0 | 1\u00a0 | \u2014\u00a0 | ||||||||||||||||||||||||||
| Non-operating | $ | 2,902\u00a0 | $ | (213) | $ | (177) | $ | 3,275\u00a0 | $ | (267) | $ | (207) | $ | 3,372\u00a0 | $ | (433) | $ | (142) | |||||||||||||||||
| Net periodic expense (income) | $ | 3,559\u00a0 | $ | 30\u00a0 | $ | (118) | $ | 3,929\u00a0 | $ | (21) | $ | (149) | $ | 4,260\u00a0 | $ | (110) | $ | (79) | |||||||||||||||||
| Weighted-average assumptions used to determine benefit obligations | |||||||||||||||||||||||||||||||||||
| Discount rate | 2.61\u00a0 | % | 1.44\u00a0 | % | 2.15\u00a0 | % | 3.36\u00a0 | % | 1.97\u00a0 | % | 3.05\u00a0 | % | 4.34\u00a0 | % | 2.75\u00a0 | % | 4.12\u00a0 | % | |||||||||||||||||
| Compensation increases | 2.95\u00a0 | 3.06\u00a0 | 2.82\u00a0 | 2.95\u00a0 | 3.16\u00a0 | 3.75\u00a0 | 3.60\u00a0 | 3.16\u00a0 | 3.60\u00a0 | ||||||||||||||||||||||||||
| Initial healthcare trend rate(b) | N/A | N/A | 5.90\u00a0 | N/A | N/A | 5.90\u00a0 | N/A | N/A | 6.00\u00a0 | ||||||||||||||||||||||||||
| Weighted-average assumptions used to determine benefit cost | |||||||||||||||||||||||||||||||||||
| Discount rate(c) | 3.36\u00a0 | 1.97\u00a0 | 3.05\u00a0 | 4.07\u00a0 | 2.75\u00a0 | 4.12\u00a0 | 3.64\u00a0 | 2.41\u00a0 | 3.43\u00a0 | ||||||||||||||||||||||||||
| Expected rate of return on plan assets | 6.25\u00a0 | 5.69\u00a0 | 7.00\u00a0 | 6.75\u00a0 | 6.76\u00a0 | 7.00\u00a0 | 6.75\u00a0 | 6.75\u00a0 | 7.00\u00a0 |
| 2020 | 2019 | ||||||||||||||||||||||
| Principal pension | Other pension | Principal pension | Other pension | ||||||||||||||||||||
| Global equities | $ | 5,552\u00a0 | $ | 3,674\u00a0 | $ | 6,826\u00a0 | $ | 3,484\u00a0 | |||||||||||||||
| Debt securities | |||||||||||||||||||||||
| Fixed income and cash investment funds | 6,831\u00a0 | 10,003\u00a0 | 4,398\u00a0 | 8,089\u00a0 | |||||||||||||||||||
| U.S. corporate(a) | 8,512\u00a0 | 410\u00a0 | 8,025\u00a0 | 365\u00a0 | |||||||||||||||||||
| Other debt securities(b) | 5,505\u00a0 | 440\u00a0 | 6,076\u00a0 | 424\u00a0 | |||||||||||||||||||
| Real estate | 2,274\u00a0 | 81\u00a0 | 2,309\u00a0 | 140\u00a0 | |||||||||||||||||||
| Private equities and other investments | 490\u00a0 | 499\u00a0 | 23\u00a0 | 452\u00a0 | |||||||||||||||||||
| Total | 29,164\u00a0 | 15,107\u00a0 | 27,657\u00a0 | 12,954\u00a0 | |||||||||||||||||||
| Plan assets measured at net asset value | |||||||||||||||||||||||
| Global equities | 16,259\u00a0 | 1,415\u00a0 | 14,616\u00a0 | 1,450\u00a0 | |||||||||||||||||||
| Debt securities | 5,445\u00a0 | 1,268\u00a0 | 3,744\u00a0 | 914\u00a0 | |||||||||||||||||||
| Real estate | 1,324\u00a0 | 1,978\u00a0 | 1,167\u00a0 | 1,930\u00a0 | |||||||||||||||||||
| Private equities and other investments | 6,651\u00a0 | 1,738\u00a0 | 5,449\u00a0 | 1,894\u00a0 | |||||||||||||||||||
| Total plan assets at fair value | $ | 58,843\u00a0 | $ | 21,506\u00a0 | $ | 52,633\u00a0 | $ | 19,142\u00a0 |
| ASSET ALLOCATION OF PENSION PLANS | 2020 Target allocation | 2020 Actual allocation | |||||||||||||||||||||||||||||||||
| Principal Pension | Other Pension (weighted average) | Principal Pension | Other Pension (weighted average) | ||||||||||||||||||||||||||||||||
| Global equities | 30.0 - 47.0 | % | 22\u00a0 | % | 37\u00a0 | % | 25\u00a0 | % | |||||||||||||||||||||||||||
| Debt securities (including cash equivalents) | 21.0 - 65.0 | 52\u00a0 | 45\u00a0 | 56\u00a0 | |||||||||||||||||||||||||||||||
| Real estate | 3.5 - 13.5 | 9\u00a0 | 6\u00a0 | 10\u00a0 | |||||||||||||||||||||||||||||||
| Private equities & other investments | 6.0 - 16.0 | 17\u00a0 | 12\u00a0 | 9\u00a0 |
| ANNUALIZED RETURNS | 1 year | 5 years | 10 years | 25 years | ||||||||||
| GE Pension Plan | 17.6\u00a0 | % | 9.7\u00a0 | % | 8.0\u00a0 | % | 8.0\u00a0 | % |
| EXPECTED FUTURE BENEFIT PAYMENTS OF OUR BENEFIT PLANS | Principal pension | Other pension | Principal retiree benefit | ||||||||||||||
| 2021 | $ | 3,725\u00a0 | $ | 945\u00a0 | $ | 460\u00a0 | |||||||||||
| 2022 | 3,785\u00a0 | 945\u00a0 | 440\u00a0 | ||||||||||||||
| 2023 | 3,820\u00a0 | 955\u00a0 | 420\u00a0 | ||||||||||||||
| 2024 | 3,845\u00a0 | 970\u00a0 | 395\u00a0 | ||||||||||||||
| 2025 | 3,865\u00a0 | 995\u00a0 | 380\u00a0 | ||||||||||||||
| 2026 - 2030 | 19,410\u00a0 | 5,185\u00a0 | 1,615\u00a0 |
| COST OF POSTRETIREMENT BENEFIT PLANS AND CHANGES IN OTHER COMPREHENSIVE INCOME | |||||||||||||||||||||||||||||||||||
| For the years ended December 31 | 2020 | 2019 | 2018 | ||||||||||||||||||||||||||||||||
| (Pre-tax) | Principal pension | Other pension | Principal retiree benefit | Principal pension | Other pension | Principal retiree benefit | Principal pension | Other pension | Principal retiree benefit | ||||||||||||||||||||||||||
| Cost (income) of postretirement benefit plans | $ | 3,559\u00a0 | $ | 30\u00a0 | $ | (118) | $ | 3,929\u00a0 | $ | (21) | $ | (149) | $ | 4,260\u00a0 | $ | (110) | $ | (79) | |||||||||||||||||
| Changes in other comprehensive income | |||||||||||||||||||||||||||||||||||
| Prior service cost (credit) - current year | \u2014\u00a0 | 27\u00a0 | (7) | (42) | (17) | (23) | \u2014\u00a0 | 82\u00a0 | \u2014\u00a0 | ||||||||||||||||||||||||||
| Actuarial loss (gain) - current year | 1,124\u00a0 | 529\u00a0 | 119\u00a0 | 971\u00a0 | 1,592\u00a0 | 240\u00a0 | (111) | 464\u00a0 | (543) | ||||||||||||||||||||||||||
| Reclassifications out of AOCI | |||||||||||||||||||||||||||||||||||
| Curtailment / settlement gain (loss) | \u2014\u00a0 | (3) | \u2014\u00a0 | (353) | (12) | 4\u00a0 | (45) | (2) | \u2014\u00a0 | ||||||||||||||||||||||||||
| Dispositions | \u2014\u00a0 | (166) | \u2014\u00a0 | \u2014\u00a0 | (340) | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | ||||||||||||||||||||||||||
| Amortization of net actuarial gain (loss) | (3,399) | (434) | 82\u00a0 | (3,439) | (319) | 118\u00a0 | (3,785) | (312) | 79\u00a0 | ||||||||||||||||||||||||||
| Amortization of prior service credit (cost) | (146) | (1) | 234\u00a0 | (135) | (3) | 232\u00a0 | (143) | 9\u00a0 | 230\u00a0 | ||||||||||||||||||||||||||
| Total changes in other comprehensive income | (2,421) | (48) | 428\u00a0 | (2,998) | 901\u00a0 | 571\u00a0 | (4,084) | 241\u00a0 | (234) | ||||||||||||||||||||||||||
| Cost of postretirement benefit plans and changes in other comprehensive income | $ | 1,138\u00a0 | $ | (18) | $ | 310\u00a0 | $ | 931\u00a0 | $ | 880\u00a0 | $ | 422\u00a0 | $ | 176\u00a0 | $ | 131\u00a0 | $ | (313) |
December 31 | 2020 | 2019 | ||||||
| Sales allowances, equipment projects and other commercial liabilities | $ | 5,123\u00a0 | $ | 4,277\u00a0 | ||||
| Product warranties (Note 23) | 1,197\u00a0 | 1,371\u00a0 | ||||||
| Employee compensation and benefit liabilities | 4,763\u00a0 | 5,114\u00a0 | ||||||
| Taxes payable | 413\u00a0 | 429\u00a0 | ||||||
| Environmental, health and safety liabilities (Note 23) | 359\u00a0 | 330\u00a0 | ||||||
| Due to GE Capital | 984\u00a0 | 1,080\u00a0 | ||||||
| Derivative instruments (Note 21) | 250\u00a0 | 171\u00a0 | ||||||
| Other | 1,044\u00a0 | 2,479\u00a0 | ||||||
| GE Industrial All other current liabilities | 14,131\u00a0 | 15,251\u00a0 | ||||||
| Aircraft maintenance reserve, sales deposits and other commercial liabilities | 1,465\u00a0 | 2,336\u00a0 | ||||||
| Interest payable | 1,064\u00a0 | 1,189\u00a0 | ||||||
| Derivative instruments (Note 21) | 117\u00a0 | 31\u00a0 | ||||||
| Other | 1,244\u00a0 | 495\u00a0 | ||||||
| GE Capital All other current liabilities | 3,890\u00a0 | 4,052\u00a0 | ||||||
| Eliminations | (1,422) | (1,483) | ||||||
| Consolidated All other current liabilities | $ | 16,600\u00a0 | $ | 17,821\u00a0 | ||||
| Sales allowances, equipment projects and other commercial liabilities | 3,917\u00a0 | 3,923\u00a0 | ||||||
| Product warranties (Note 23) | 857\u00a0 | 793\u00a0 | ||||||
| Operating lease liabilities (Note 7) | 3,133\u00a0 | 3,369\u00a0 | ||||||
| Uncertain and other income taxes and related liabilities | 3,652\u00a0 | 3,410\u00a0 | ||||||
| Alstom legacy legal matters (Note 23) | 858\u00a0 | 875\u00a0 | ||||||
| Environmental, health and safety liabilities (Note 23) | 2,210\u00a0 | 2,154\u00a0 | ||||||
| Redeemable noncontrolling interests (Note 16) | 487\u00a0 | 439\u00a0 | ||||||
| Other | 1,326\u00a0 | 1,342\u00a0 | ||||||
| GE Industrial All other non-current liabilities | 16,440\u00a0 | 16,306\u00a0 | ||||||
| Other commercial liabilities | 455\u00a0 | 573\u00a0 | ||||||
| Operating lease liabilities (Note 7) | 221\u00a0 | 238\u00a0 | ||||||
| Uncertain and other income taxes and related liabilities | 475\u00a0 | 415\u00a0 | ||||||
| GE Capital All other non-current liabilities | 1,151\u00a0 | 1,226\u00a0 | ||||||
| Eliminations | (1,514) | (1,593) | ||||||
| Consolidated All other non-current liabilities | $ | 16,077\u00a0 | $ | 15,938\u00a0 | ||||
Total | $ | 32,677\u00a0 | $ | 33,759\u00a0 |
December 31 | 2020 | 2019 | ||||||
| Sales allowances, equipment projects and other commercial liabilities | $ | 5,123\u00a0 | $ | 4,277\u00a0 | ||||
| Product warranties (Note 23) | 1,197\u00a0 | 1,371\u00a0 | ||||||
| Employee compensation and benefit liabilities | 4,763\u00a0 | 5,114\u00a0 | ||||||
| Taxes payable | 413\u00a0 | 429\u00a0 | ||||||
| Environmental, health and safety liabilities (Note 23) | 359\u00a0 | 330\u00a0 | ||||||
| Due to GE Capital | 984\u00a0 | 1,080\u00a0 | ||||||
| Derivative instruments (Note 21) | 250\u00a0 | 171\u00a0 | ||||||
| Other | 1,044\u00a0 | 2,479\u00a0 | ||||||
| GE Industrial All other current liabilities | 14,131\u00a0 | 15,251\u00a0 | ||||||
| Aircraft maintenance reserve, sales deposits and other commercial liabilities | 1,465\u00a0 | 2,336\u00a0 | ||||||
| Interest payable | 1,064\u00a0 | 1,189\u00a0 | ||||||
| Derivative instruments (Note 21) | 117\u00a0 | 31\u00a0 | ||||||
| Other | 1,244\u00a0 | 495\u00a0 | ||||||
| GE Capital All other current liabilities | 3,890\u00a0 | 4,052\u00a0 | ||||||
| Eliminations | (1,422) | (1,483) | ||||||
| Consolidated All other current liabilities | $ | 16,600\u00a0 | $ | 17,821\u00a0 | ||||
| Sales allowances, equipment projects and other commercial liabilities | 3,917\u00a0 | 3,923\u00a0 | ||||||
| Product warranties (Note 23) | 857\u00a0 | 793\u00a0 | ||||||
| Operating lease liabilities (Note 7) | 3,133\u00a0 | 3,369\u00a0 | ||||||
| Uncertain and other income taxes and related liabilities | 3,652\u00a0 | 3,410\u00a0 | ||||||
| Alstom legacy legal matters (Note 23) | 858\u00a0 | 875\u00a0 | ||||||
| Environmental, health and safety liabilities (Note 23) | 2,210\u00a0 | 2,154\u00a0 | ||||||
| Redeemable noncontrolling interests (Note 16) | 487\u00a0 | 439\u00a0 | ||||||
| Other | 1,326\u00a0 | 1,342\u00a0 | ||||||
| GE Industrial All other non-current liabilities | 16,440\u00a0 | 16,306\u00a0 | ||||||
| Other commercial liabilities | 455\u00a0 | 573\u00a0 | ||||||
| Operating lease liabilities (Note 7) | 221\u00a0 | 238\u00a0 | ||||||
| Uncertain and other income taxes and related liabilities | 475\u00a0 | 415\u00a0 | ||||||
| GE Capital All other non-current liabilities | 1,151\u00a0 | 1,226\u00a0 | ||||||
| Eliminations | (1,514) | (1,593) | ||||||
| Consolidated All other non-current liabilities | $ | 16,077\u00a0 | $ | 15,938\u00a0 | ||||
Total | $ | 32,677\u00a0 | $ | 33,759\u00a0 |
| (BENEFIT) PROVISION FOR INCOME TAXES | 2020 | 2019 | 2018 | ||||||||
| Current tax expense (benefit) | $ | 2,123\u00a0 | $ | 2,551\u00a0 | $ | 1,743\u00a0 | |||||
| Deferred tax expense (benefit) from temporary differences | (1,735) | (1,242) | (1,276) | ||||||||
| Total GE Industrial | 388\u00a0 | 1,309\u00a0 | 467\u00a0 | ||||||||
| Current tax expense (benefit) | 329\u00a0 | (720) | 596\u00a0 | ||||||||
| Deferred tax expense (benefit) from temporary differences | (1,191) | 138\u00a0 | (970) | ||||||||
| Total GE Capital | (862) | (582) | (374) | ||||||||
| Current tax expense (benefit) | 2,452\u00a0 | 1,831\u00a0 | 2,339\u00a0 | ||||||||
| Deferred tax expense (benefit) from temporary differences | (2,926) | (1,104) | (2,245) | ||||||||
| Total consolidated | $ | (474) | $ | 726\u00a0 | $ | 93\u00a0 |
| CONSOLIDATED EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | 2020 | 2019 | 2018 | ||||||||
| U.S. earnings (loss) | $ | (5,325) | $ | 506\u00a0 | $ | (9,861) | |||||
| Non-U.S. earnings (loss) | 10,522\u00a0 | 643\u00a0 | (11,126) | ||||||||
| Total | $ | 5,197\u00a0 | $ | 1,149\u00a0 | $ | (20,987) |
| CONSOLIDATED (BENEFIT) PROVISION FOR INCOME TAXES | 2020 | 2019 | 2018 | ||||||||
| U.S. Federal | |||||||||||
| Current | $ | 939\u00a0 | $ | 146\u00a0 | $ | 1,019\u00a0 | |||||
| Deferred | (2,032) | (1,266) | (3,144) | ||||||||
| Non - U.S. | |||||||||||
| Current | 1,331\u00a0 | 2,008\u00a0 | 1,132\u00a0 | ||||||||
| Deferred | (793) | 106\u00a0 | 1,197\u00a0 | ||||||||
| Other | 80\u00a0 | (267) | (111) | ||||||||
| Total | $ | (474) | $ | 726\u00a0 | $ | 93\u00a0 |
| INCOME TAXES PAID (RECOVERED) | 2020 | 2019 | 2018 | ||||||||
| GE Industrial | $ | 2,399\u00a0 | $ | 2,183\u00a0 | $ | 1,803\u00a0 | |||||
| GE Capital | (1,108) | 45\u00a0 | 65\u00a0 | ||||||||
| Total(a) | $ | 1,291\u00a0 | $ | 2,228\u00a0 | $ | 1,868\u00a0 |
| RECONCILIATION OF U.S. FEDERAL STATUTORY INCOME TAX RATE TO ACTUAL INCOME TAX RATE | Consolidated | GE Industrial | GE Capital | ||||||||||||||||||||||||||||||||
| 2020 | 2019 | 2018 | 2020 | 2019 | 2018 | 2020 | 2019 | 2018 | |||||||||||||||||||||||||||
| U.S. federal statutory income tax rate | 21.0\u00a0 | % | 21.0\u00a0 | % | 21.0\u00a0 | % | 21.0\u00a0 | % | 21.0\u00a0 | % | 21.0\u00a0 | % | 21.0\u00a0 | % | 21.0\u00a0 | % | 21.0\u00a0 | % | |||||||||||||||||
| Tax on global activities including exports(a) | (28.5) | 91.0\u00a0 | (5.0) | (16.3) | 61.0\u00a0 | (5.1) | 13.8\u00a0 | 8.1\u00a0 | 3.2\u00a0 | ||||||||||||||||||||||||||
| U.S. business credits(b) | (3.3) | (22.5) | 2.6\u00a0 | (1.0) | (6.4) | 0.4\u00a0 | 4.7\u00a0 | 21.9\u00a0 | 120.0\u00a0 | ||||||||||||||||||||||||||
Goodwill impairments | 6.9\u00a0 | 26.0\u00a0 | (21.5) | 2.5\u00a0 | 16.6\u00a0 | (21.9) | (8.3) | \u2014\u00a0 | \u2014\u00a0 | ||||||||||||||||||||||||||
Tax Cuts and Jobs Act enactment | 0.9\u00a0 | 0.2\u00a0 | (0.2) | 0.7\u00a0 | 5.6\u00a0 | 0.5\u00a0 | 0.1\u00a0 | 15.2\u00a0 | (36.5) | ||||||||||||||||||||||||||
| All other \u2013 net(c)(d)(e) | (6.1) | (52.5) | 2.7\u00a0 | (1.6) | (25.1) | 2.8\u00a0 | 9.8\u00a0 | 23.1\u00a0 | (8.0) | ||||||||||||||||||||||||||
| (30.1) | 42.2\u00a0 | (21.4) | (15.7) | 51.7\u00a0 | (23.3) | 20.1\u00a0 | 68.3\u00a0 | 78.7\u00a0 | |||||||||||||||||||||||||||
| Actual income tax rate | (9.1) | % | 63.2\u00a0 | % | (0.4) | % | 5.3\u00a0 | % | 72.7\u00a0 | % | (2.3) | % | 41.1\u00a0 | % | 89.3\u00a0 | % | 99.7\u00a0 | % |
UNRECOGNIZED TAX BENEFITS December 31 | 2020 | 2019 | 2018 | ||||||||
| Unrecognized tax benefits | $ | 4,191\u00a0 | $ | 4,169\u00a0 | $ | 5,563\u00a0 | |||||
| Portion that, if recognized, would reduce tax expense and effective tax rate(a) | 2,986\u00a0 | 2,701\u00a0 | 4,265\u00a0 | ||||||||
| Accrued interest on unrecognized tax benefits | 628\u00a0 | 722\u00a0 | 934\u00a0 | ||||||||
| Accrued penalties on unrecognized tax benefits | 179\u00a0 | 195\u00a0 | 182\u00a0 | ||||||||
Reasonably possible reduction to the balance of unrecognized tax benefits in succeeding 12 months | 0-350 | 0-700 | 0-1,300 | ||||||||
| Portion that, if recognized, would reduce tax expense and effective tax rate(a) | 0-250 | 0-650 | 0-1,200 |
| UNRECOGNIZED TAX BENEFITS RECONCILIATION | 2020 | 2019 | 2018 | ||||||||
| Balance at January 1 | $ | 4,169\u00a0 | $ | 5,563\u00a0 | $ | 5,449\u00a0 | |||||
| Additions for tax positions of the current year | 836\u00a0 | 403\u00a0 | 300\u00a0 | ||||||||
| Additions for tax positions of prior years | 326\u00a0 | 500\u00a0 | 945\u00a0 | ||||||||
| Reductions for tax positions of prior years(a) | (863) | (1,927) | (905) | ||||||||
| Settlements with tax authorities | (127) | (155) | (64) | ||||||||
| Expiration of the statute of limitations | (151) | (214) | (162) | ||||||||
| Balance at December 31 | $ | 4,191\u00a0 | $ | 4,169\u00a0 | $ | 5,563\u00a0 |
DEFERRED INCOME TAXES December 31 | 2020 | 2019 | ||||||
| GE Industrial | $ | 10,069\u00a0 | $ | 8,888\u00a0 | ||||
| GE Capital | 3,610\u00a0 | 2,500\u00a0 | ||||||
| Total assets | 13,679\u00a0 | 11,388\u00a0 | ||||||
| GE Industrial | (719) | (699) | ||||||
| GE Capital | (879) | (800) | ||||||
| Total liabilities | (1,598) | (1,499) | ||||||
| Net deferred income tax asset (liability) | $ | 12,081\u00a0 | $ | 9,889\u00a0 |
COMPONENTS OF THE NET DEFERRED INCOME TAX ASSET (LIABILITY) December 31 | 2020 | 2019 | ||||||
| Principal pension plans | $ | 3,666\u00a0 | $ | 4,016\u00a0 | ||||
| Provision for expenses | 2,258\u00a0 | 1,990\u00a0 | ||||||
| Other compensation and benefits | 1,968\u00a0 | 2,206\u00a0 | ||||||
| Principal retiree benefit plans | 1,026\u00a0 | 1,023\u00a0 | ||||||
| Capitalized expenditures | 993\u00a0 | 860\u00a0 | ||||||
| Non-U.S. loss carryforwards(a) | 814\u00a0 | 602\u00a0 | ||||||
| Intangible assets | 486\u00a0 | 1,315\u00a0 | ||||||
| Baker Hughes investment | (973) | (1,256) | ||||||
| Depreciation | (676) | (823) | ||||||
| Contract assets | (460) | (1,232) | ||||||
| Other \u2013 net(b) | 248\u00a0 | (512) | ||||||
| GE Industrial | 9,350\u00a0 | 8,189\u00a0 | ||||||
| Insurance company loss reserves | 1,684\u00a0 | 1,715\u00a0 | ||||||
| Non-U.S. loss carryforwards(a) | 1,194\u00a0 | 1,274\u00a0 | ||||||
| Capitalized expenditures | 799\u00a0 | 742\u00a0 | ||||||
| Operating leases | (1,900) | (2,218) | ||||||
| Financing leases | (393) | (477) | ||||||
| Other \u2013 net(b) | 1,347\u00a0 | 664\u00a0 | ||||||
| GE Capital | 2,731\u00a0 | 1,700\u00a0 | ||||||
| Net deferred income tax asset (liability) | $ | 12,081\u00a0 | $ | 9,889\u00a0 |
| (BENEFIT) PROVISION FOR INCOME TAXES | 2020 | 2019 | 2018 | ||||||||
| Current tax expense (benefit) | $ | 2,123\u00a0 | $ | 2,551\u00a0 | $ | 1,743\u00a0 | |||||
| Deferred tax expense (benefit) from temporary differences | (1,735) | (1,242) | (1,276) | ||||||||
| Total GE Industrial | 388\u00a0 | 1,309\u00a0 | 467\u00a0 | ||||||||
| Current tax expense (benefit) | 329\u00a0 | (720) | 596\u00a0 | ||||||||
| Deferred tax expense (benefit) from temporary differences | (1,191) | 138\u00a0 | (970) | ||||||||
| Total GE Capital | (862) | (582) | (374) | ||||||||
| Current tax expense (benefit) | 2,452\u00a0 | 1,831\u00a0 | 2,339\u00a0 | ||||||||
| Deferred tax expense (benefit) from temporary differences | (2,926) | (1,104) | (2,245) | ||||||||
| Total consolidated | $ | (474) | $ | 726\u00a0 | $ | 93\u00a0 |
| CONSOLIDATED (BENEFIT) PROVISION FOR INCOME TAXES | 2020 | 2019 | 2018 | ||||||||
| U.S. Federal | |||||||||||
| Current | $ | 939\u00a0 | $ | 146\u00a0 | $ | 1,019\u00a0 | |||||
| Deferred | (2,032) | (1,266) | (3,144) | ||||||||
| Non - U.S. | |||||||||||
| Current | 1,331\u00a0 | 2,008\u00a0 | 1,132\u00a0 | ||||||||
| Deferred | (793) | 106\u00a0 | 1,197\u00a0 | ||||||||
| Other | 80\u00a0 | (267) | (111) | ||||||||
| Total | $ | (474) | $ | 726\u00a0 | $ | 93\u00a0 |
| CONSOLIDATED EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | 2020 | 2019 | 2018 | ||||||||
| U.S. earnings (loss) | $ | (5,325) | $ | 506\u00a0 | $ | (9,861) | |||||
| Non-U.S. earnings (loss) | 10,522\u00a0 | 643\u00a0 | (11,126) | ||||||||
| Total | $ | 5,197\u00a0 | $ | 1,149\u00a0 | $ | (20,987) |
| INCOME TAXES PAID (RECOVERED) | 2020 | 2019 | 2018 | ||||||||
| GE Industrial | $ | 2,399\u00a0 | $ | 2,183\u00a0 | $ | 1,803\u00a0 | |||||
| GE Capital | (1,108) | 45\u00a0 | 65\u00a0 | ||||||||
| Total(a) | $ | 1,291\u00a0 | $ | 2,228\u00a0 | $ | 1,868\u00a0 |
| RECONCILIATION OF U.S. FEDERAL STATUTORY INCOME TAX RATE TO ACTUAL INCOME TAX RATE | Consolidated | GE Industrial | GE Capital | ||||||||||||||||||||||||||||||||
| 2020 | 2019 | 2018 | 2020 | 2019 | 2018 | 2020 | 2019 | 2018 | |||||||||||||||||||||||||||
| U.S. federal statutory income tax rate | 21.0\u00a0 | % | 21.0\u00a0 | % | 21.0\u00a0 | % | 21.0\u00a0 | % | 21.0\u00a0 | % | 21.0\u00a0 | % | 21.0\u00a0 | % | 21.0\u00a0 | % | 21.0\u00a0 | % | |||||||||||||||||
| Tax on global activities including exports(a) | (28.5) | 91.0\u00a0 | (5.0) | (16.3) | 61.0\u00a0 | (5.1) | 13.8\u00a0 | 8.1\u00a0 | 3.2\u00a0 | ||||||||||||||||||||||||||
| U.S. business credits(b) | (3.3) | (22.5) | 2.6\u00a0 | (1.0) | (6.4) | 0.4\u00a0 | 4.7\u00a0 | 21.9\u00a0 | 120.0\u00a0 | ||||||||||||||||||||||||||
Goodwill impairments | 6.9\u00a0 | 26.0\u00a0 | (21.5) | 2.5\u00a0 | 16.6\u00a0 | (21.9) | (8.3) | \u2014\u00a0 | \u2014\u00a0 | ||||||||||||||||||||||||||
Tax Cuts and Jobs Act enactment | 0.9\u00a0 | 0.2\u00a0 | (0.2) | 0.7\u00a0 | 5.6\u00a0 | 0.5\u00a0 | 0.1\u00a0 | 15.2\u00a0 | (36.5) | ||||||||||||||||||||||||||
| All other \u2013 net(c)(d)(e) | (6.1) | (52.5) | 2.7\u00a0 | (1.6) | (25.1) | 2.8\u00a0 | 9.8\u00a0 | 23.1\u00a0 | (8.0) | ||||||||||||||||||||||||||
| (30.1) | 42.2\u00a0 | (21.4) | (15.7) | 51.7\u00a0 | (23.3) | 20.1\u00a0 | 68.3\u00a0 | 78.7\u00a0 | |||||||||||||||||||||||||||
| Actual income tax rate | (9.1) | % | 63.2\u00a0 | % | (0.4) | % | 5.3\u00a0 | % | 72.7\u00a0 | % | (2.3) | % | 41.1\u00a0 | % | 89.3\u00a0 | % | 99.7\u00a0 | % |
UNRECOGNIZED TAX BENEFITS December 31 | 2020 | 2019 | 2018 | ||||||||
| Unrecognized tax benefits | $ | 4,191\u00a0 | $ | 4,169\u00a0 | $ | 5,563\u00a0 | |||||
| Portion that, if recognized, would reduce tax expense and effective tax rate(a) | 2,986\u00a0 | 2,701\u00a0 | 4,265\u00a0 | ||||||||
| Accrued interest on unrecognized tax benefits | 628\u00a0 | 722\u00a0 | 934\u00a0 | ||||||||
| Accrued penalties on unrecognized tax benefits | 179\u00a0 | 195\u00a0 | 182\u00a0 | ||||||||
Reasonably possible reduction to the balance of unrecognized tax benefits in succeeding 12 months | 0-350 | 0-700 | 0-1,300 | ||||||||
| Portion that, if recognized, would reduce tax expense and effective tax rate(a) | 0-250 | 0-650 | 0-1,200 |
| UNRECOGNIZED TAX BENEFITS RECONCILIATION | 2020 | 2019 | 2018 | ||||||||
| Balance at January 1 | $ | 4,169\u00a0 | $ | 5,563\u00a0 | $ | 5,449\u00a0 | |||||
| Additions for tax positions of the current year | 836\u00a0 | 403\u00a0 | 300\u00a0 | ||||||||
| Additions for tax positions of prior years | 326\u00a0 | 500\u00a0 | 945\u00a0 | ||||||||
| Reductions for tax positions of prior years(a) | (863) | (1,927) | (905) | ||||||||
| Settlements with tax authorities | (127) | (155) | (64) | ||||||||
| Expiration of the statute of limitations | (151) | (214) | (162) | ||||||||
| Balance at December 31 | $ | 4,191\u00a0 | $ | 4,169\u00a0 | $ | 5,563\u00a0 |
DEFERRED INCOME TAXES December 31 | 2020 | 2019 | ||||||
| GE Industrial | $ | 10,069\u00a0 | $ | 8,888\u00a0 | ||||
| GE Capital | 3,610\u00a0 | 2,500\u00a0 | ||||||
| Total assets | 13,679\u00a0 | 11,388\u00a0 | ||||||
| GE Industrial | (719) | (699) | ||||||
| GE Capital | (879) | (800) | ||||||
| Total liabilities | (1,598) | (1,499) | ||||||
| Net deferred income tax asset (liability) | $ | 12,081\u00a0 | $ | 9,889\u00a0 |
COMPONENTS OF THE NET DEFERRED INCOME TAX ASSET (LIABILITY) December 31 | 2020 | 2019 | ||||||
| Principal pension plans | $ | 3,666\u00a0 | $ | 4,016\u00a0 | ||||
| Provision for expenses | 2,258\u00a0 | 1,990\u00a0 | ||||||
| Other compensation and benefits | 1,968\u00a0 | 2,206\u00a0 | ||||||
| Principal retiree benefit plans | 1,026\u00a0 | 1,023\u00a0 | ||||||
| Capitalized expenditures | 993\u00a0 | 860\u00a0 | ||||||
| Non-U.S. loss carryforwards(a) | 814\u00a0 | 602\u00a0 | ||||||
| Intangible assets | 486\u00a0 | 1,315\u00a0 | ||||||
| Baker Hughes investment | (973) | (1,256) | ||||||
| Depreciation | (676) | (823) | ||||||
| Contract assets | (460) | (1,232) | ||||||
| Other \u2013 net(b) | 248\u00a0 | (512) | ||||||
| GE Industrial | 9,350\u00a0 | 8,189\u00a0 | ||||||
| Insurance company loss reserves | 1,684\u00a0 | 1,715\u00a0 | ||||||
| Non-U.S. loss carryforwards(a) | 1,194\u00a0 | 1,274\u00a0 | ||||||
| Capitalized expenditures | 799\u00a0 | 742\u00a0 | ||||||
| Operating leases | (1,900) | (2,218) | ||||||
| Financing leases | (393) | (477) | ||||||
| Other \u2013 net(b) | 1,347\u00a0 | 664\u00a0 | ||||||
| GE Capital | 2,731\u00a0 | 1,700\u00a0 | ||||||
| Net deferred income tax asset (liability) | $ | 12,081\u00a0 | $ | 9,889\u00a0 |
| ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) | 2020 | 2019 | 2018 | ||||||||
| Beginning balance | $ | 61\u00a0 | $ | (39) | $ | (102) | |||||
Other comprehensive income (loss) (OCI) before reclassifications \u2013 net of deferred taxes of $10, $32 and $41(a) | 55\u00a0 | 141\u00a0 | 87\u00a0 | ||||||||
Reclassifications from OCI \u2013 net of deferred taxes of $(14), $(11) and $(6) | (56) | (42) | (23) | ||||||||
| Other comprehensive income (loss) | (1) | 100\u00a0 | 64\u00a0 | ||||||||
| Less OCI attributable to noncontrolling interests | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | ||||||||
| Investment securities ending balance | $ | 60\u00a0 | $ | 61\u00a0 | $ | (39) | |||||
| Beginning balance | $ | (4,818) | $ | (6,134) | $ | (4,661) | |||||
OCI before reclassifications \u2013 net of deferred taxes of $(25), $(98) and $29 | (255) | 41\u00a0 | (2,076) | ||||||||
Reclassifications from OCI \u2013 net of deferred taxes of $0, $(9) and $89(b)(c) | 691\u00a0 | 1,234\u00a0 | 412\u00a0 | ||||||||
| Other comprehensive income (loss) | 435\u00a0 | 1,275\u00a0 | (1,664) | ||||||||
| Less OCI attributable to noncontrolling interests | 2\u00a0 | (40) | (192) | ||||||||
| Currency translation adjustments ending balance | $ | (4,386) | $ | (4,818) | $ | (6,134) | |||||
| Beginning balance | $ | 49\u00a0 | $ | 13\u00a0 | $ | 62\u00a0 | |||||
OCI before reclassifications \u2013 net of deferred taxes of $11, $6 and $(26) | (94) | (21) | (149) | ||||||||
Reclassifications from OCI \u2013 net of deferred taxes of $(11), $2 and $4(b) | 17\u00a0 | 58\u00a0 | 98\u00a0 | ||||||||
| Other comprehensive income (loss) | (77) | 37\u00a0 | (51) | ||||||||
| Less OCI attributable to noncontrolling interests | \u2014\u00a0 | 2\u00a0 | (2) | ||||||||
| Cash flow hedges ending balance | $ | (28) | $ | 49\u00a0 | $ | 13\u00a0 | |||||
| Beginning balance | $ | (7,024) | $ | (8,254) | $ | (9,702) | |||||
OCI before reclassifications \u2013 net of deferred taxes of $(283), $(418) and $115 | (1,256) | (2,097) | 71\u00a0 | ||||||||
Reclassifications from OCI \u2013 net of deferred taxes of $805, $915 and $2,610 (b)(c) | 2,888\u00a0 | 3,325\u00a0 | 1,345\u00a0 | ||||||||
| Other comprehensive income (loss) | 1,632\u00a0 | 1,228\u00a0 | 1,416\u00a0 | ||||||||
| Less OCI attributable to noncontrolling interests | 4\u00a0 | (2) | (32) | ||||||||
| Benefit plans ending balance | $ | (5,395) | $ | (7,024) | $ | (8,254) | |||||
| Accumulated other comprehensive income (loss) at December 31 | $ | (9,749) | $ | (11,732) | $ | (14,414) |
| ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) | 2020 | 2019 | 2018 | ||||||||
| Beginning balance | $ | 61\u00a0 | $ | (39) | $ | (102) | |||||
Other comprehensive income (loss) (OCI) before reclassifications \u2013 net of deferred taxes of $10, $32 and $41(a) | 55\u00a0 | 141\u00a0 | 87\u00a0 | ||||||||
Reclassifications from OCI \u2013 net of deferred taxes of $(14), $(11) and $(6) | (56) | (42) | (23) | ||||||||
| Other comprehensive income (loss) | (1) | 100\u00a0 | 64\u00a0 | ||||||||
| Less OCI attributable to noncontrolling interests | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | ||||||||
| Investment securities ending balance | $ | 60\u00a0 | $ | 61\u00a0 | $ | (39) | |||||
| Beginning balance | $ | (4,818) | $ | (6,134) | $ | (4,661) | |||||
OCI before reclassifications \u2013 net of deferred taxes of $(25), $(98) and $29 | (255) | 41\u00a0 | (2,076) | ||||||||
Reclassifications from OCI \u2013 net of deferred taxes of $0, $(9) and $89(b)(c) | 691\u00a0 | 1,234\u00a0 | 412\u00a0 | ||||||||
| Other comprehensive income (loss) | 435\u00a0 | 1,275\u00a0 | (1,664) | ||||||||
| Less OCI attributable to noncontrolling interests | 2\u00a0 | (40) | (192) | ||||||||
| Currency translation adjustments ending balance | $ | (4,386) | $ | (4,818) | $ | (6,134) | |||||
| Beginning balance | $ | 49\u00a0 | $ | 13\u00a0 | $ | 62\u00a0 | |||||
OCI before reclassifications \u2013 net of deferred taxes of $11, $6 and $(26) | (94) | (21) | (149) | ||||||||
Reclassifications from OCI \u2013 net of deferred taxes of $(11), $2 and $4(b) | 17\u00a0 | 58\u00a0 | 98\u00a0 | ||||||||
| Other comprehensive income (loss) | (77) | 37\u00a0 | (51) | ||||||||
| Less OCI attributable to noncontrolling interests | \u2014\u00a0 | 2\u00a0 | (2) | ||||||||
| Cash flow hedges ending balance | $ | (28) | $ | 49\u00a0 | $ | 13\u00a0 | |||||
| Beginning balance | $ | (7,024) | $ | (8,254) | $ | (9,702) | |||||
OCI before reclassifications \u2013 net of deferred taxes of $(283), $(418) and $115 | (1,256) | (2,097) | 71\u00a0 | ||||||||
Reclassifications from OCI \u2013 net of deferred taxes of $805, $915 and $2,610 (b)(c) | 2,888\u00a0 | 3,325\u00a0 | 1,345\u00a0 | ||||||||
| Other comprehensive income (loss) | 1,632\u00a0 | 1,228\u00a0 | 1,416\u00a0 | ||||||||
| Less OCI attributable to noncontrolling interests | 4\u00a0 | (2) | (32) | ||||||||
| Benefit plans ending balance | $ | (5,395) | $ | (7,024) | $ | (8,254) | |||||
| Accumulated other comprehensive income (loss) at December 31 | $ | (9,749) | $ | (11,732) | $ | (14,414) |
WEIGHTED AVERAGE GRANT DATE FAIR VALUE | 2020 | 2019 | 2018 | |||||||||||
| Stock options | $ | 3.58\u00a0 | $ | 3.48\u00a0 | $ | 3.00\u00a0 | ||||||||
| RSUs | 7.91\u00a0 | 10.12\u00a0 | 13.96\u00a0 | |||||||||||
| PSUs/Performance shares | 7.91\u00a0 | 10.73\u00a0 | 4.80 |
STOCK-BASED COMPENSATION ACTIVITY | Stock options | RSUs | |||||||||||||||||||||||||||
Shares (in millions) | Weighted average exercise price | Weighted average contractual term (in years) | Intrinsic value (in millions) | Shares (in millions) | Weighted average grant date fair value | Weighted average contractual term (in years) | Intrinsic value (in millions) | ||||||||||||||||||||||
Outstanding at January 1, 2020 | 458\u00a0 | $ | 18.66\u00a0 | 28\u00a0 | $ | 13.29\u00a0 | |||||||||||||||||||||||
| Granted | 36\u00a0 | 10.56\u00a0 | 46\u00a0 | 7.91\u00a0 | |||||||||||||||||||||||||
| Exercised | (1) | 7.48\u00a0 | (10) | 14.44\u00a0 | |||||||||||||||||||||||||
| Forfeited | (15) | 11.12\u00a0 | (4) | 11.80\u00a0 | |||||||||||||||||||||||||
| Expired | (78) | 19.14\u00a0 | N/A | N/A | |||||||||||||||||||||||||
Outstanding at December 31, 2020 | 400\u00a0 | $ | 18.16\u00a0 | 4.5 | $ | 156\u00a0 | 60\u00a0 | $ | 9.04\u00a0 | 2.1 | $ | 653\u00a0 | |||||||||||||||||
Exercisable at December 31, 2020 | 305\u00a0 | $ | 20.28\u00a0 | 3.3 | $ | 62\u00a0 | N/A | N/A | N/A | N/A | |||||||||||||||||||
| Expected to vest | 90\u00a0 | $ | 11.50\u00a0 | 8.2 | $ | 87\u00a0 | 49\u00a0 | $ | 9.41\u00a0 | 1.9 | $ | 533\u00a0 |
| 2020 | 2019 | 2018 | |||||||||
| Compensation expense (after-tax)(a)(b) | $ | 353\u00a0 | $ | 400\u00a0 | $ | 336\u00a0 | |||||
| Cash received from stock options exercised | 6\u00a0 | 69\u00a0 | 24\u00a0 | ||||||||
| Intrinsic value of stock options exercised and RSUs vested | 81\u00a0 | 154\u00a0 | 83\u00a0 |
WEIGHTED AVERAGE GRANT DATE FAIR VALUE | 2020 | 2019 | 2018 | |||||||||||
| Stock options | $ | 3.58\u00a0 | $ | 3.48\u00a0 | $ | 3.00\u00a0 | ||||||||
| RSUs | 7.91\u00a0 | 10.12\u00a0 | 13.96\u00a0 | |||||||||||
| PSUs/Performance shares | 7.91\u00a0 | 10.73\u00a0 | 4.80 |
STOCK-BASED COMPENSATION ACTIVITY | Stock options | RSUs | |||||||||||||||||||||||||||
Shares (in millions) | Weighted average exercise price | Weighted average contractual term (in years) | Intrinsic value (in millions) | Shares (in millions) | Weighted average grant date fair value | Weighted average contractual term (in years) | Intrinsic value (in millions) | ||||||||||||||||||||||
Outstanding at January 1, 2020 | 458\u00a0 | $ | 18.66\u00a0 | 28\u00a0 | $ | 13.29\u00a0 | |||||||||||||||||||||||
| Granted | 36\u00a0 | 10.56\u00a0 | 46\u00a0 | 7.91\u00a0 | |||||||||||||||||||||||||
| Exercised | (1) | 7.48\u00a0 | (10) | 14.44\u00a0 | |||||||||||||||||||||||||
| Forfeited | (15) | 11.12\u00a0 | (4) | 11.80\u00a0 | |||||||||||||||||||||||||
| Expired | (78) | 19.14\u00a0 | N/A | N/A | |||||||||||||||||||||||||
Outstanding at December 31, 2020 | 400\u00a0 | $ | 18.16\u00a0 | 4.5 | $ | 156\u00a0 | 60\u00a0 | $ | 9.04\u00a0 | 2.1 | $ | 653\u00a0 | |||||||||||||||||
Exercisable at December 31, 2020 | 305\u00a0 | $ | 20.28\u00a0 | 3.3 | $ | 62\u00a0 | N/A | N/A | N/A | N/A | |||||||||||||||||||
| Expected to vest | 90\u00a0 | $ | 11.50\u00a0 | 8.2 | $ | 87\u00a0 | 49\u00a0 | $ | 9.41\u00a0 | 1.9 | $ | 533\u00a0 |
| 2020 | 2019 | 2018 | |||||||||
| Compensation expense (after-tax)(a)(b) | $ | 353\u00a0 | $ | 400\u00a0 | $ | 336\u00a0 | |||||
| Cash received from stock options exercised | 6\u00a0 | 69\u00a0 | 24\u00a0 | ||||||||
| Intrinsic value of stock options exercised and RSUs vested | 81\u00a0 | 154\u00a0 | 83\u00a0 |
| 2020 | 2019 | 2018 | |||||||||
| Compensation expense (after-tax)(a)(b) | $ | 353\u00a0 | $ | 400\u00a0 | $ | 336\u00a0 | |||||
| Cash received from stock options exercised | 6\u00a0 | 69\u00a0 | 24\u00a0 | ||||||||
| Intrinsic value of stock options exercised and RSUs vested | 81\u00a0 | 154\u00a0 | 83\u00a0 |
| (Earnings for per-share calculation; | 2020 | 2019 | 2018 | |||||||||||||||||||||||
| per-share amounts in dollars) | Diluted | Basic | Diluted | Basic | Diluted | Basic | ||||||||||||||||||||
| Earnings (loss) from continuing operations | $ | 5,817\u00a0 | $ | 5,817\u00a0 | $ | 416\u00a0 | $ | 416\u00a0 | $ | (20,997) | $ | (20,997) | ||||||||||||||
| Preferred stock dividends | (474) | (474) | (460) | (460) | (447) | (447) | ||||||||||||||||||||
| Accretion of redeemable noncontrolling interests, net of tax(a) | (151) | (151) | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | ||||||||||||||||||||
| Earnings (loss) from continuing operations attributable to common shareholders | $ | 5,191\u00a0 | $ | 5,191\u00a0 | $ | (45) | $ | (45) | $ | (21,445) | $ | (21,445) | ||||||||||||||
| Earnings (loss) from discontinued operations | (125) | (125) | (5,396) | (5,396) | (1,372) | (1,372) | ||||||||||||||||||||
| Net earnings (loss) attributable to GE common shareholders | 5,066\u00a0 | 5,066\u00a0 | (5,440) | (5,440) | (22,809) | (22,809) | ||||||||||||||||||||
| Shares of GE common stock outstanding | 8,753\u00a0 | 8,753\u00a0 | 8,724\u00a0 | 8,724\u00a0 | 8,691\u00a0 | 8,691\u00a0 | ||||||||||||||||||||
Employee compensation-related shares (including stock options) and warrants(a) | 9\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | ||||||||||||||||||||
Total average equivalent shares | 8,761\u00a0 | 8,753\u00a0 | 8,724\u00a0 | 8,724\u00a0 | 8,691\u00a0 | 8,691\u00a0 | ||||||||||||||||||||
| Earnings (loss) per share from continuing operations | $ | 0.59\u00a0 | $ | 0.59\u00a0 | $ | (0.01) | $ | (0.01) | $ | (2.47) | $ | (2.47) | ||||||||||||||
| Earnings (loss) per share from discontinued operations | (0.01) | (0.01) | (0.62) | (0.62) | (0.16) | (0.16) | ||||||||||||||||||||
| Net earnings (loss) per share | 0.58\u00a0 | 0.58\u00a0 | (0.62) | (0.62) | (2.62) | (2.62) | ||||||||||||||||||||
| Potentially dilutive securities(b) | 444\u00a0 | 450\u00a0 | 420\u00a0 |
| (Earnings for per-share calculation; | 2020 | 2019 | 2018 | |||||||||||||||||||||||
| per-share amounts in dollars) | Diluted | Basic | Diluted | Basic | Diluted | Basic | ||||||||||||||||||||
| Earnings (loss) from continuing operations | $ | 5,817\u00a0 | $ | 5,817\u00a0 | $ | 416\u00a0 | $ | 416\u00a0 | $ | (20,997) | $ | (20,997) | ||||||||||||||
| Preferred stock dividends | (474) | (474) | (460) | (460) | (447) | (447) | ||||||||||||||||||||
| Accretion of redeemable noncontrolling interests, net of tax(a) | (151) | (151) | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | ||||||||||||||||||||
| Earnings (loss) from continuing operations attributable to common shareholders | $ | 5,191\u00a0 | $ | 5,191\u00a0 | $ | (45) | $ | (45) | $ | (21,445) | $ | (21,445) | ||||||||||||||
| Earnings (loss) from discontinued operations | (125) | (125) | (5,396) | (5,396) | (1,372) | (1,372) | ||||||||||||||||||||
| Net earnings (loss) attributable to GE common shareholders | 5,066\u00a0 | 5,066\u00a0 | (5,440) | (5,440) | (22,809) | (22,809) | ||||||||||||||||||||
| Shares of GE common stock outstanding | 8,753\u00a0 | 8,753\u00a0 | 8,724\u00a0 | 8,724\u00a0 | 8,691\u00a0 | 8,691\u00a0 | ||||||||||||||||||||
Employee compensation-related shares (including stock options) and warrants(a) | 9\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | ||||||||||||||||||||
Total average equivalent shares | 8,761\u00a0 | 8,753\u00a0 | 8,724\u00a0 | 8,724\u00a0 | 8,691\u00a0 | 8,691\u00a0 | ||||||||||||||||||||
| Earnings (loss) per share from continuing operations | $ | 0.59\u00a0 | $ | 0.59\u00a0 | $ | (0.01) | $ | (0.01) | $ | (2.47) | $ | (2.47) | ||||||||||||||
| Earnings (loss) per share from discontinued operations | (0.01) | (0.01) | (0.62) | (0.62) | (0.16) | (0.16) | ||||||||||||||||||||
| Net earnings (loss) per share | 0.58\u00a0 | 0.58\u00a0 | (0.62) | (0.62) | (2.62) | (2.62) | ||||||||||||||||||||
| Potentially dilutive securities(b) | 444\u00a0 | 450\u00a0 | 420\u00a0 |
| 2020 | 2019 | 2018 | |||||||||
| Purchases and sales of business interests(a) | $ | 12,468\u00a0 | $ | 3\u00a0 | $ | 1,234\u00a0 | |||||
| Licensing and royalty income | 161\u00a0 | 256\u00a0 | 218\u00a0 | ||||||||
| Equity method income | 27\u00a0 | 206\u00a0 | 21\u00a0 | ||||||||
| Net interest and investment income(b) | (1,546) | 1,220\u00a0 | 562\u00a0 | ||||||||
| Other items | 334\u00a0 | 515\u00a0 | 282\u00a0 | ||||||||
| GE Industrial | 11,444\u00a0 | 2,200\u00a0 | 2,317\u00a0 | ||||||||
| Eliminations | (57) | 22\u00a0 | 4\u00a0 | ||||||||
Total | $ | 11,387\u00a0 | $ | 2,222\u00a0 | $ | 2,321\u00a0 |
| 2020 | 2019 | 2018 | |||||||||
| Purchases and sales of business interests(a) | $ | 12,468\u00a0 | $ | 3\u00a0 | $ | 1,234\u00a0 | |||||
| Licensing and royalty income | 161\u00a0 | 256\u00a0 | 218\u00a0 | ||||||||
| Equity method income | 27\u00a0 | 206\u00a0 | 21\u00a0 | ||||||||
| Net interest and investment income(b) | (1,546) | 1,220\u00a0 | 562\u00a0 | ||||||||
| Other items | 334\u00a0 | 515\u00a0 | 282\u00a0 | ||||||||
| GE Industrial | 11,444\u00a0 | 2,200\u00a0 | 2,317\u00a0 | ||||||||
| Eliminations | (57) | 22\u00a0 | 4\u00a0 | ||||||||
Total | $ | 11,387\u00a0 | $ | 2,222\u00a0 | $ | 2,321\u00a0 |
| ASSETS AND LIABILITIES MEASURED AT FAIR VALUE ON A RECURRING BASIS | ||||||||||||||||||||||||||||||||
Level 1 | Level 2 | Level 3(a) | Netting adjustment(d) | Net balance(b) | ||||||||||||||||||||||||||||
| December 31 | 2020 | 2019 | 2020 | 2019 | 2020 | 2019 | 2020 | 2019 | 2020 | 2019 | ||||||||||||||||||||||
| Investment securities | $ | 7,319\u00a0 | $ | 9,704\u00a0 | $ | 36,684\u00a0 | $ | 33,606\u00a0 | $ | 5,866\u00a0 | $ | 5,210\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 49,868\u00a0 | $ | 48,521\u00a0 | ||||||||||||
| Derivatives | \u2014\u00a0 | \u2014\u00a0 | 3,057\u00a0 | 2,561\u00a0 | 8\u00a0 | 11\u00a0 | (2,582) | (1,832) | 483\u00a0 | 740\u00a0 | ||||||||||||||||||||||
Total assets | $ | 7,319\u00a0 | $ | 9,704\u00a0 | $ | 39,741\u00a0 | $ | 36,167\u00a0 | $ | 5,874\u00a0 | $ | 5,221\u00a0 | $ | (2,582) | $ | (1,832) | $ | 50,352\u00a0 | $ | 49,261\u00a0 | ||||||||||||
| Derivatives | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 1,112\u00a0 | $ | 834\u00a0 | $ | 7\u00a0 | $ | 19\u00a0 | $ | (752) | $ | (651) | $ | 367\u00a0 | $ | 202\u00a0 | ||||||||||||
| Other(c) | \u2014\u00a0 | \u2014\u00a0 | 780\u00a0 | 807\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 780\u00a0 | 807\u00a0 | ||||||||||||||||||||||
Total liabilities | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 1,892\u00a0 | $ | 1,641\u00a0 | $ | 7\u00a0 | $ | 19\u00a0 | $ | (752) | $ | (651) | $ | 1,147\u00a0 | $ | 1,009\u00a0 |
Balance at January 1 | Net realized/unrealized gains(losses)(a) | Purchases(b) | Sales & Settlements | Transfers into Level 3 | Transfers out of Level 3 | Balance at December 31 | |||||||||||||||||
| 2020 | |||||||||||||||||||||||
| Investment securities | $ | 5,210\u00a0 | $ | 357\u00a0 | $ | 1,301\u00a0 | $ | (958) | $ | 2\u00a0 | $ | (45) | $ | 5,866\u00a0 | |||||||||
| 2019 | |||||||||||||||||||||||
| Investment securities | $ | 4,013\u00a0 | $ | 399\u00a0 | $ | 2,159\u00a0 | $ | (1,308) | $ | \u2014\u00a0 | $ | (53) | $ | 5,210\u00a0 | |||||||||
| ASSETS AND LIABILITIES MEASURED AT FAIR VALUE ON A RECURRING BASIS | ||||||||||||||||||||||||||||||||
Level 1 | Level 2 | Level 3(a) | Netting adjustment(d) | Net balance(b) | ||||||||||||||||||||||||||||
| December 31 | 2020 | 2019 | 2020 | 2019 | 2020 | 2019 | 2020 | 2019 | 2020 | 2019 | ||||||||||||||||||||||
| Investment securities | $ | 7,319\u00a0 | $ | 9,704\u00a0 | $ | 36,684\u00a0 | $ | 33,606\u00a0 | $ | 5,866\u00a0 | $ | 5,210\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 49,868\u00a0 | $ | 48,521\u00a0 | ||||||||||||
| Derivatives | \u2014\u00a0 | \u2014\u00a0 | 3,057\u00a0 | 2,561\u00a0 | 8\u00a0 | 11\u00a0 | (2,582) | (1,832) | 483\u00a0 | 740\u00a0 | ||||||||||||||||||||||
Total assets | $ | 7,319\u00a0 | $ | 9,704\u00a0 | $ | 39,741\u00a0 | $ | 36,167\u00a0 | $ | 5,874\u00a0 | $ | 5,221\u00a0 | $ | (2,582) | $ | (1,832) | $ | 50,352\u00a0 | $ | 49,261\u00a0 | ||||||||||||
| Derivatives | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 1,112\u00a0 | $ | 834\u00a0 | $ | 7\u00a0 | $ | 19\u00a0 | $ | (752) | $ | (651) | $ | 367\u00a0 | $ | 202\u00a0 | ||||||||||||
| Other(c) | \u2014\u00a0 | \u2014\u00a0 | 780\u00a0 | 807\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 780\u00a0 | 807\u00a0 | ||||||||||||||||||||||
Total liabilities | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 1,892\u00a0 | $ | 1,641\u00a0 | $ | 7\u00a0 | $ | 19\u00a0 | $ | (752) | $ | (651) | $ | 1,147\u00a0 | $ | 1,009\u00a0 |
Balance at January 1 | Net realized/unrealized gains(losses)(a) | Purchases(b) | Sales & Settlements | Transfers into Level 3 | Transfers out of Level 3 | Balance at December 31 | |||||||||||||||||
| 2020 | |||||||||||||||||||||||
| Investment securities | $ | 5,210\u00a0 | $ | 357\u00a0 | $ | 1,301\u00a0 | $ | (958) | $ | 2\u00a0 | $ | (45) | $ | 5,866\u00a0 | |||||||||
| 2019 | |||||||||||||||||||||||
| Investment securities | $ | 4,013\u00a0 | $ | 399\u00a0 | $ | 2,159\u00a0 | $ | (1,308) | $ | \u2014\u00a0 | $ | (53) | $ | 5,210\u00a0 | |||||||||
| December 31, 2020 | December 31, 2019 | ||||||||||||||||
Carrying amount (net) | Estimated fair value | Carrying amount (net) | Estimated fair value | ||||||||||||||
| Assets | |||||||||||||||||
Loans and other receivables | $ | 3,842\u00a0 | $ | 3,970\u00a0 | $ | 4,113\u00a0 | $ | 4,208\u00a0 | |||||||||
| Liabilities | |||||||||||||||||
Borrowings (Note 11) | $ | 75,067\u00a0 | $ | 86,171\u00a0 | $ | 90,882\u00a0 | $ | 97,754\u00a0 | |||||||||
Investment contracts (Note 12) | 2,049\u00a0 | 2,547\u00a0 | 2,191\u00a0 | 2,588\u00a0 |
FAIR VALUE OF DERIVATIVES | December 31, 2020 | December 31, 2019 | |||||||||||||||||||||
| Gross Notional | All other assets | All other liabilities | Gross Notional | All other assets | All other liabilities | ||||||||||||||||||
Interest rate contracts | $ | 20,500\u00a0 | $ | 1,912\u00a0 | $ | 7\u00a0 | $ | 23,918\u00a0 | $ | 1,636\u00a0 | $ | 11\u00a0 | |||||||||||
Currency exchange contracts | 7,512\u00a0 | 165\u00a0 | 128\u00a0 | 7,044\u00a0 | 99\u00a0 | 46\u00a0 | |||||||||||||||||
| Derivatives accounted for as hedges | $ | 28,011\u00a0 | $ | 2,077\u00a0 | $ | 135\u00a0 | $ | 30,961\u00a0 | $ | 1,734\u00a0 | $ | 57\u00a0 | |||||||||||
Interest rate contracts | $ | 448\u00a0 | $ | 6\u00a0 | $ | 1\u00a0 | $ | 3,185\u00a0 | $ | 18\u00a0 | $ | 12\u00a0 | |||||||||||
Currency exchange contracts | 65,379\u00a0 | 764\u00a0 | 913\u00a0 | 62,165\u00a0 | 697\u00a0 | 744\u00a0 | |||||||||||||||||
Other contracts | 2,036\u00a0 | 218\u00a0 | 71\u00a0 | 1,706\u00a0 | 123\u00a0 | 40\u00a0 | |||||||||||||||||
| Derivatives not accounted for as hedges | $ | 67,863\u00a0 | $ | 988\u00a0 | $ | 983\u00a0 | $ | 67,056\u00a0 | $ | 838\u00a0 | $ | 796\u00a0 | |||||||||||
| Gross derivatives | $ | 95,874\u00a0 | $ | 3,065\u00a0 | $ | 1,118\u00a0 | $ | 98,018\u00a0 | $ | 2,572\u00a0 | $ | 853\u00a0 | |||||||||||
| Netting and credit adjustments | $ | (647) | $ | (647) | $ | (546) | $ | (546) | |||||||||||||||
| Cash collateral adjustments | (1,935) | (104) | (1,286) | (105) | |||||||||||||||||||
| Net derivatives recognized in Statement of Financial Position | $ | 483\u00a0 | $ | 367\u00a0 | $ | 740\u00a0 | $ | 202\u00a0 | |||||||||||||||
| Net accrued interest | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 182\u00a0 | $ | 1\u00a0 | |||||||||||||||
| Securities held as collateral | (2) | \u2014\u00a0 | (469) | \u2014\u00a0 | |||||||||||||||||||
| Net amount | $ | 480\u00a0 | $ | 367\u00a0 | $ | 452\u00a0 | $ | 203\u00a0 |
| 2020 | 2019 | ||||||||||||||||||||||||||||||||||
| Revenues | Cost of sales | Interest Expense | SG&A | Other Income | Revenues | Cost of sales | Interest Expense | SG&A | Other Income | ||||||||||||||||||||||||||
| Total amounts presented in the consolidated Statement of Earnings (Loss) | $ | 79,619\u00a0 | $ | 60,421\u00a0 | $ | 3,273\u00a0 | $ | 12,621\u00a0 | $ | 11,387\u00a0 | $ | 95,214\u00a0 | $ | 66,911\u00a0 | $ | 4,227\u00a0 | $ | 13,949\u00a0 | $ | 2,222\u00a0 | |||||||||||||||
Total effect of cash flow \u00a0\u00a0hedges | $ | 88\u00a0 | $ | (56) | $ | (40) | $ | 1\u00a0 | $ | \u2014\u00a0 | $ | 5\u00a0 | $ | (24) | $ | (37) | $ | (3) | $ | \u2014\u00a0 | |||||||||||||||
| Hedged items | $ | (1,775) | $ | (1,276) | |||||||||||||||||||||||||||||||
Derivatives designated as \u00a0\u00a0hedging instruments | 1,743\u00a0 | 1,229\u00a0 | |||||||||||||||||||||||||||||||||
Total effect of fair value \u00a0\u00a0hedges | $ | (31) | $ | (48) | |||||||||||||||||||||||||||||||
| Interest rate contracts | $ | (35) | $ | \u2014\u00a0 | $ | (11) | $ | \u2014\u00a0 | $ | 8\u00a0 | $ | (24) | $ | \u2014\u00a0 | $ | (50) | $ | \u2014\u00a0 | $ | (6) | |||||||||||||||
| Currency exchange contracts | (328) | 16\u00a0 | \u2014\u00a0 | 129\u00a0 | 19\u00a0 | 180\u00a0 | (35) | \u2014\u00a0 | (6) | (59) | |||||||||||||||||||||||||
| Other | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 86\u00a0 | (46) | (2) | \u2014\u00a0 | 195\u00a0 | \u2014\u00a0 | 7\u00a0 | |||||||||||||||||||||||||
Total effect of derivatives \u00a0\u00a0not designated as hedges | $ | (362) | $ | 16\u00a0 | $ | (11) | $ | 215\u00a0 | $ | (19) | $ | 154\u00a0 | $ | (35) | $ | 145\u00a0 | $ | (6) | $ | (58) |
| December 31, 2020 | December 31, 2019 | ||||||||||||||||
Carrying amount (net) | Estimated fair value | Carrying amount (net) | Estimated fair value | ||||||||||||||
| Assets | |||||||||||||||||
Loans and other receivables | $ | 3,842\u00a0 | $ | 3,970\u00a0 | $ | 4,113\u00a0 | $ | 4,208\u00a0 | |||||||||
| Liabilities | |||||||||||||||||
Borrowings (Note 11) | $ | 75,067\u00a0 | $ | 86,171\u00a0 | $ | 90,882\u00a0 | $ | 97,754\u00a0 | |||||||||
Investment contracts (Note 12) | 2,049\u00a0 | 2,547\u00a0 | 2,191\u00a0 | 2,588\u00a0 |
FAIR VALUE OF DERIVATIVES | December 31, 2020 | December 31, 2019 | |||||||||||||||||||||
| Gross Notional | All other assets | All other liabilities | Gross Notional | All other assets | All other liabilities | ||||||||||||||||||
Interest rate contracts | $ | 20,500\u00a0 | $ | 1,912\u00a0 | $ | 7\u00a0 | $ | 23,918\u00a0 | $ | 1,636\u00a0 | $ | 11\u00a0 | |||||||||||
Currency exchange contracts | 7,512\u00a0 | 165\u00a0 | 128\u00a0 | 7,044\u00a0 | 99\u00a0 | 46\u00a0 | |||||||||||||||||
| Derivatives accounted for as hedges | $ | 28,011\u00a0 | $ | 2,077\u00a0 | $ | 135\u00a0 | $ | 30,961\u00a0 | $ | 1,734\u00a0 | $ | 57\u00a0 | |||||||||||
Interest rate contracts | $ | 448\u00a0 | $ | 6\u00a0 | $ | 1\u00a0 | $ | 3,185\u00a0 | $ | 18\u00a0 | $ | 12\u00a0 | |||||||||||
Currency exchange contracts | 65,379\u00a0 | 764\u00a0 | 913\u00a0 | 62,165\u00a0 | 697\u00a0 | 744\u00a0 | |||||||||||||||||
Other contracts | 2,036\u00a0 | 218\u00a0 | 71\u00a0 | 1,706\u00a0 | 123\u00a0 | 40\u00a0 | |||||||||||||||||
| Derivatives not accounted for as hedges | $ | 67,863\u00a0 | $ | 988\u00a0 | $ | 983\u00a0 | $ | 67,056\u00a0 | $ | 838\u00a0 | $ | 796\u00a0 | |||||||||||
| Gross derivatives | $ | 95,874\u00a0 | $ | 3,065\u00a0 | $ | 1,118\u00a0 | $ | 98,018\u00a0 | $ | 2,572\u00a0 | $ | 853\u00a0 | |||||||||||
| Netting and credit adjustments | $ | (647) | $ | (647) | $ | (546) | $ | (546) | |||||||||||||||
| Cash collateral adjustments | (1,935) | (104) | (1,286) | (105) | |||||||||||||||||||
| Net derivatives recognized in Statement of Financial Position | $ | 483\u00a0 | $ | 367\u00a0 | $ | 740\u00a0 | $ | 202\u00a0 | |||||||||||||||
| Net accrued interest | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 182\u00a0 | $ | 1\u00a0 | |||||||||||||||
| Securities held as collateral | (2) | \u2014\u00a0 | (469) | \u2014\u00a0 | |||||||||||||||||||
| Net amount | $ | 480\u00a0 | $ | 367\u00a0 | $ | 452\u00a0 | $ | 203\u00a0 |
FAIR VALUE OF DERIVATIVES | December 31, 2020 | December 31, 2019 | |||||||||||||||||||||
| Gross Notional | All other assets | All other liabilities | Gross Notional | All other assets | All other liabilities | ||||||||||||||||||
Interest rate contracts | $ | 20,500\u00a0 | $ | 1,912\u00a0 | $ | 7\u00a0 | $ | 23,918\u00a0 | $ | 1,636\u00a0 | $ | 11\u00a0 | |||||||||||
Currency exchange contracts | 7,512\u00a0 | 165\u00a0 | 128\u00a0 | 7,044\u00a0 | 99\u00a0 | 46\u00a0 | |||||||||||||||||
| Derivatives accounted for as hedges | $ | 28,011\u00a0 | $ | 2,077\u00a0 | $ | 135\u00a0 | $ | 30,961\u00a0 | $ | 1,734\u00a0 | $ | 57\u00a0 | |||||||||||
Interest rate contracts | $ | 448\u00a0 | $ | 6\u00a0 | $ | 1\u00a0 | $ | 3,185\u00a0 | $ | 18\u00a0 | $ | 12\u00a0 | |||||||||||
Currency exchange contracts | 65,379\u00a0 | 764\u00a0 | 913\u00a0 | 62,165\u00a0 | 697\u00a0 | 744\u00a0 | |||||||||||||||||
Other contracts | 2,036\u00a0 | 218\u00a0 | 71\u00a0 | 1,706\u00a0 | 123\u00a0 | 40\u00a0 | |||||||||||||||||
| Derivatives not accounted for as hedges | $ | 67,863\u00a0 | $ | 988\u00a0 | $ | 983\u00a0 | $ | 67,056\u00a0 | $ | 838\u00a0 | $ | 796\u00a0 | |||||||||||
| Gross derivatives | $ | 95,874\u00a0 | $ | 3,065\u00a0 | $ | 1,118\u00a0 | $ | 98,018\u00a0 | $ | 2,572\u00a0 | $ | 853\u00a0 | |||||||||||
| Netting and credit adjustments | $ | (647) | $ | (647) | $ | (546) | $ | (546) | |||||||||||||||
| Cash collateral adjustments | (1,935) | (104) | (1,286) | (105) | |||||||||||||||||||
| Net derivatives recognized in Statement of Financial Position | $ | 483\u00a0 | $ | 367\u00a0 | $ | 740\u00a0 | $ | 202\u00a0 | |||||||||||||||
| Net accrued interest | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 182\u00a0 | $ | 1\u00a0 | |||||||||||||||
| Securities held as collateral | (2) | \u2014\u00a0 | (469) | \u2014\u00a0 | |||||||||||||||||||
| Net amount | $ | 480\u00a0 | $ | 367\u00a0 | $ | 452\u00a0 | $ | 203\u00a0 |
| 2020 | 2019 | ||||||||||||||||||||||||||||||||||
| Revenues | Cost of sales | Interest Expense | SG&A | Other Income | Revenues | Cost of sales | Interest Expense | SG&A | Other Income | ||||||||||||||||||||||||||
| Total amounts presented in the consolidated Statement of Earnings (Loss) | $ | 79,619\u00a0 | $ | 60,421\u00a0 | $ | 3,273\u00a0 | $ | 12,621\u00a0 | $ | 11,387\u00a0 | $ | 95,214\u00a0 | $ | 66,911\u00a0 | $ | 4,227\u00a0 | $ | 13,949\u00a0 | $ | 2,222\u00a0 | |||||||||||||||
Total effect of cash flow \u00a0\u00a0hedges | $ | 88\u00a0 | $ | (56) | $ | (40) | $ | 1\u00a0 | $ | \u2014\u00a0 | $ | 5\u00a0 | $ | (24) | $ | (37) | $ | (3) | $ | \u2014\u00a0 | |||||||||||||||
| Hedged items | $ | (1,775) | $ | (1,276) | |||||||||||||||||||||||||||||||
Derivatives designated as \u00a0\u00a0hedging instruments | 1,743\u00a0 | 1,229\u00a0 | |||||||||||||||||||||||||||||||||
Total effect of fair value \u00a0\u00a0hedges | $ | (31) | $ | (48) | |||||||||||||||||||||||||||||||
| Interest rate contracts | $ | (35) | $ | \u2014\u00a0 | $ | (11) | $ | \u2014\u00a0 | $ | 8\u00a0 | $ | (24) | $ | \u2014\u00a0 | $ | (50) | $ | \u2014\u00a0 | $ | (6) | |||||||||||||||
| Currency exchange contracts | (328) | 16\u00a0 | \u2014\u00a0 | 129\u00a0 | 19\u00a0 | 180\u00a0 | (35) | \u2014\u00a0 | (6) | (59) | |||||||||||||||||||||||||
| Other | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 86\u00a0 | (46) | (2) | \u2014\u00a0 | 195\u00a0 | \u2014\u00a0 | 7\u00a0 | |||||||||||||||||||||||||
Total effect of derivatives \u00a0\u00a0not designated as hedges | $ | (362) | $ | 16\u00a0 | $ | (11) | $ | 215\u00a0 | $ | (19) | $ | 154\u00a0 | $ | (35) | $ | 145\u00a0 | $ | (6) | $ | (58) |
| 2020 | 2019 | 2018 | |||||||||
| Balance at January 1 | $ | 2,165\u00a0 | $ | 2,192\u00a0 | $ | 2,103\u00a0 | |||||
| Current-year provisions | 788\u00a0 | 713\u00a0 | 945\u00a0 | ||||||||
| Expenditures | (913) | (715) | (788) | ||||||||
| Other changes | 14\u00a0 | (26) | (69) | ||||||||
| Balance at December 31 | $ | 2,054\u00a0 | $ | 2,165\u00a0 | $ | 2,192\u00a0 |
| 2020 | 2019 | 2018 | |||||||||
| Balance at January 1 | $ | 2,165\u00a0 | $ | 2,192\u00a0 | $ | 2,103\u00a0 | |||||
| Current-year provisions | 788\u00a0 | 713\u00a0 | 945\u00a0 | ||||||||
| Expenditures | (913) | (715) | (788) | ||||||||
| Other changes | 14\u00a0 | (26) | (69) | ||||||||
| Balance at December 31 | $ | 2,054\u00a0 | $ | 2,165\u00a0 | $ | 2,192\u00a0 |
| 2020 | 2019 | 2018 | |||||||||
| Combined GE Industrial and GE Capital cash from (used for) operating activities | $ | 2,240\u00a0 | $ | 6,495\u00a0 | $ | 2,282\u00a0 | |||||
| \u00a0\u00a0GE Industrial current receivables sold to GE Capital(a) | (597) | 1,081\u00a0 | 5\u00a0 | ||||||||
| \u00a0\u00a0GE Industrial long-term receivables sold to GE Capital(b) | 312\u00a0 | 468\u00a0 | 1,079\u00a0 | ||||||||
| Supply chain finance programs(c) | 2,002\u00a0 | 2,289\u00a0 | (18) | ||||||||
| Other reclassifications and eliminations | (360) | 86\u00a0 | (138) | ||||||||
| Consolidated cash from (used for) operating activities | $ | 3,597\u00a0 | $ | 10,419\u00a0 | $ | 3,210\u00a0 | |||||
| Combined GE Industrial and GE Capital cash from (used for) investing activities | $ | 25,960\u00a0 | $ | 13,509\u00a0 | $ | 14,915\u00a0 | |||||
| \u00a0\u00a0GE Industrial current receivables sold to GE Capital | 496\u00a0 | (1,677) | (839) | ||||||||
| \u00a0\u00a0GE Industrial long-term receivables sold to GE Capital(b) | (312) | (468) | (1,079) | ||||||||
| Supply chain finance programs(c) | (2,002) | (2,289) | 18\u00a0 | ||||||||
| \u00a0\u00a0GE Capital loans to GE Industrial | \u2014\u00a0 | \u2014\u00a0 | 6,479\u00a0 | ||||||||
| \u00a0\u00a0Repayment of GE Capital loans by GE Industrial | (9,049) | (1,523) | \u2014\u00a0 | ||||||||
| \u00a0\u00a0Capital contribution from GE Industrial to GE Capital | 2,000\u00a0 | 4,000\u00a0 | \u2014\u00a0 | ||||||||
| \u00a0\u00a0Other reclassifications and eliminations | (315) | (868) | (570) | ||||||||
| Consolidated cash from (used for) investing activities | $ | 16,778\u00a0 | $ | 10,684\u00a0 | $ | 18,925\u00a0 | |||||
| Combined GE Industrial and GE Capital cash from (used for) financing activities | $ | (27,678) | $ | (14,665) | $ | (22,408) | |||||
| \u00a0\u00a0GE Industrial current receivables sold to GE Capital | 102\u00a0 | 596\u00a0 | 835\u00a0 | ||||||||
| \u00a0\u00a0GE Capital loans to GE Industrial | \u2014\u00a0 | \u2014\u00a0 | (6,479) | ||||||||
| \u00a0\u00a0Repayment of GE Capital loans by GE Industrial | 9,049\u00a0 | 1,523\u00a0 | \u2014\u00a0 | ||||||||
| Capital contribution from GE Industrial to GE Capital | (2,000) | (4,000) | \u2014\u00a0 | ||||||||
| \u00a0\u00a0Other reclassifications and eliminations | 675\u00a0 | 782\u00a0 | 706\u00a0 | ||||||||
| Consolidated cash from (used for) financing activities | $ | (19,853) | $ | (15,764) | $ | (27,345) |
| 2020 | 2019 | 2018 | |||||||||
| Combined GE Industrial and GE Capital cash from (used for) operating activities | $ | 2,240\u00a0 | $ | 6,495\u00a0 | $ | 2,282\u00a0 | |||||
| \u00a0\u00a0GE Industrial current receivables sold to GE Capital(a) | (597) | 1,081\u00a0 | 5\u00a0 | ||||||||
| \u00a0\u00a0GE Industrial long-term receivables sold to GE Capital(b) | 312\u00a0 | 468\u00a0 | 1,079\u00a0 | ||||||||
| Supply chain finance programs(c) | 2,002\u00a0 | 2,289\u00a0 | (18) | ||||||||
| Other reclassifications and eliminations | (360) | 86\u00a0 | (138) | ||||||||
| Consolidated cash from (used for) operating activities | $ | 3,597\u00a0 | $ | 10,419\u00a0 | $ | 3,210\u00a0 | |||||
| Combined GE Industrial and GE Capital cash from (used for) investing activities | $ | 25,960\u00a0 | $ | 13,509\u00a0 | $ | 14,915\u00a0 | |||||
| \u00a0\u00a0GE Industrial current receivables sold to GE Capital | 496\u00a0 | (1,677) | (839) | ||||||||
| \u00a0\u00a0GE Industrial long-term receivables sold to GE Capital(b) | (312) | (468) | (1,079) | ||||||||
| Supply chain finance programs(c) | (2,002) | (2,289) | 18\u00a0 | ||||||||
| \u00a0\u00a0GE Capital loans to GE Industrial | \u2014\u00a0 | \u2014\u00a0 | 6,479\u00a0 | ||||||||
| \u00a0\u00a0Repayment of GE Capital loans by GE Industrial | (9,049) | (1,523) | \u2014\u00a0 | ||||||||
| \u00a0\u00a0Capital contribution from GE Industrial to GE Capital | 2,000\u00a0 | 4,000\u00a0 | \u2014\u00a0 | ||||||||
| \u00a0\u00a0Other reclassifications and eliminations | (315) | (868) | (570) | ||||||||
| Consolidated cash from (used for) investing activities | $ | 16,778\u00a0 | $ | 10,684\u00a0 | $ | 18,925\u00a0 | |||||
| Combined GE Industrial and GE Capital cash from (used for) financing activities | $ | (27,678) | $ | (14,665) | $ | (22,408) | |||||
| \u00a0\u00a0GE Industrial current receivables sold to GE Capital | 102\u00a0 | 596\u00a0 | 835\u00a0 | ||||||||
| \u00a0\u00a0GE Capital loans to GE Industrial | \u2014\u00a0 | \u2014\u00a0 | (6,479) | ||||||||
| \u00a0\u00a0Repayment of GE Capital loans by GE Industrial | 9,049\u00a0 | 1,523\u00a0 | \u2014\u00a0 | ||||||||
| Capital contribution from GE Industrial to GE Capital | (2,000) | (4,000) | \u2014\u00a0 | ||||||||
| \u00a0\u00a0Other reclassifications and eliminations | 675\u00a0 | 782\u00a0 | 706\u00a0 | ||||||||
| Consolidated cash from (used for) financing activities | $ | (19,853) | $ | (15,764) | $ | (27,345) |
| REVENUES | Total revenues(a) | Intersegment revenues(b)(c) | External revenues | ||||||||||||||||||||||||||||||||
| Years ended December 31 | 2020 | 2019 | 2018 | 2020 | 2019 | 2018 | 2020 | 2019 | 2018 | ||||||||||||||||||||||||||
| Power | $ | 17,589\u00a0 | $ | 18,625\u00a0 | $ | 22,150\u00a0 | $ | 352\u00a0 | $ | 357\u00a0 | $ | 152\u00a0 | $ | 17,237\u00a0 | $ | 18,267\u00a0 | $ | 21,997\u00a0 | |||||||||||||||||
| Renewable Energy | 15,666\u00a0 | 15,337\u00a0 | 14,288\u00a0 | 142\u00a0 | 139\u00a0 | 186\u00a0 | 15,523\u00a0 | 15,198\u00a0 | 14,102\u00a0 | ||||||||||||||||||||||||||
| Aviation | 22,042\u00a0 | 32,875\u00a0 | 30,566\u00a0 | 1,445\u00a0 | 758\u00a0 | 375\u00a0 | 20,597\u00a0 | 32,117\u00a0 | 30,191\u00a0 | ||||||||||||||||||||||||||
| Healthcare | 18,009\u00a0 | 19,942\u00a0 | 19,784\u00a0 | 1\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 18,008\u00a0 | 19,942\u00a0 | 19,784\u00a0 | ||||||||||||||||||||||||||
| Capital | 7,245\u00a0 | 8,741\u00a0 | 9,551\u00a0 | 566\u00a0 | 971\u00a0 | 1,384\u00a0 | 6,679\u00a0 | 7,770\u00a0 | 8,167\u00a0 | ||||||||||||||||||||||||||
Corporate items and eliminations | (932) | (305) | 673\u00a0 | (2,507) | (2,225) | (2,097) | 1,575\u00a0 | 1,920\u00a0 | 2,770\u00a0 | ||||||||||||||||||||||||||
| Total | $ | 79,619\u00a0 | $ | 95,214\u00a0 | $ | 97,012\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 79,619\u00a0 | $ | 95,214\u00a0 | $ | 97,012\u00a0 |
| Years ended December 31 | |||||||||||||||||||||||||||||||||||
| 2020 | 2019 | 2018 | |||||||||||||||||||||||||||||||||
| Equipment | Services | Total | Equipment | Services | Total | Equipment | Services | Total | |||||||||||||||||||||||||||
| Power | $ | 6,707\u00a0 | $ | 10,883\u00a0 | $ | 17,589\u00a0 | $ | 6,247\u00a0 | $ | 12,378\u00a0 | $ | 18,625\u00a0 | $ | 8,077\u00a0 | $ | 14,073\u00a0 | $ | 22,150\u00a0 | |||||||||||||||||
| Renewable Energy | 12,859\u00a0 | 2,807\u00a0 | 15,666\u00a0 | 12,267\u00a0 | 3,069\u00a0 | 15,337\u00a0 | 11,419\u00a0 | 2,870\u00a0 | 14,288\u00a0 | ||||||||||||||||||||||||||
| Aviation | 8,582\u00a0 | 13,460\u00a0 | 22,042\u00a0 | 12,737\u00a0 | 20,138\u00a0 | 32,875\u00a0 | 11,499\u00a0 | 19,067\u00a0 | 30,566\u00a0 | ||||||||||||||||||||||||||
| Healthcare | 9,992\u00a0 | 8,017\u00a0 | 18,009\u00a0 | 11,585\u00a0 | 8,357\u00a0 | 19,942\u00a0 | 11,422\u00a0 | 8,363\u00a0 | 19,784\u00a0 | ||||||||||||||||||||||||||
| Corporate items and industrial eliminations | (520) | 314\u00a0 | (206) | 243\u00a0 | 697\u00a0 | 940\u00a0 | 1,263\u00a0 | 987\u00a0 | 2,250\u00a0 | ||||||||||||||||||||||||||
| Total GE Industrial revenues | $ | 37,620\u00a0 | $ | 35,480\u00a0 | $ | 73,100\u00a0 | $ | 43,080\u00a0 | $ | 44,639\u00a0 | $ | 87,719\u00a0 | $ | 43,679\u00a0 | $ | 45,359\u00a0 | $ | 89,038\u00a0 |
| SEGMENT REVENUES | Years ended December 31 | ||||||||||||||||
| 2020 | 2019 | 2018 | |||||||||||||||
| Gas Power | $ | 12,655\u00a0 | $ | 13,122\u00a0 | $ | 13,296\u00a0 | |||||||||||
| Power Portfolio | 4,935\u00a0 | 5,503\u00a0 | 8,853\u00a0 | ||||||||||||||
| Power | $ | 17,589\u00a0 | $ | 18,625\u00a0 | $ | 22,150\u00a0 | |||||||||||
| Onshore Wind | $ | 10,881\u00a0 | $ | 10,421\u00a0 | $ | 8,220\u00a0 | |||||||||||
| Grid Solutions equipment and services | 3,585\u00a0 | 4,016\u00a0 | 4,579\u00a0 | ||||||||||||||
| Hydro, Offshore Wind and Hybrid Solutions | 1,200\u00a0 | 900\u00a0 | 1,489\u00a0 | ||||||||||||||
| Renewable Energy | $ | 15,666\u00a0 | $ | 15,337\u00a0 | $ | 14,288\u00a0 | |||||||||||
| Commercial Engines & Services | $ | 13,017\u00a0 | $ | 24,217\u00a0 | $ | 22,724\u00a0 | |||||||||||
| Military | 4,572\u00a0 | 4,389\u00a0 | 4,103\u00a0 | ||||||||||||||
| Systems & Other | 4,453\u00a0 | 4,269\u00a0 | 3,740\u00a0 | ||||||||||||||
| Aviation | $ | 22,042\u00a0 | $ | 32,875\u00a0 | $ | 30,566\u00a0 | |||||||||||
| Healthcare Systems | $ | 15,387\u00a0 | $ | 14,648\u00a0 | $ | 14,886\u00a0 | |||||||||||
| Pharmaceutical Diagnostics | 1,792\u00a0 | 2,005\u00a0 | 1,888\u00a0 | ||||||||||||||
| BioPharma | 830\u00a0 | 3,289\u00a0 | 3,010\u00a0 | ||||||||||||||
| Healthcare | $ | 18,009\u00a0 | $ | 19,942\u00a0 | $ | 19,784\u00a0 | |||||||||||
| Corporate items and industrial eliminations | $ | (206) | $ | 940\u00a0 | $ | 2,250\u00a0 | |||||||||||
| Total GE Industrial revenues | 73,100\u00a0 | 87,719\u00a0 | 89,038\u00a0 | ||||||||||||||
| Capital(a) | $ | 7,245\u00a0 | $ | 8,741\u00a0 | $ | 9,551\u00a0 | |||||||||||
| GE Capital-GE Industrial eliminations | (726) | (1,245) | (1,577) | ||||||||||||||
| Consolidated revenues | $ | 79,619\u00a0 | $ | 95,214\u00a0 | $ | 97,012\u00a0 |
Year ended December 31, 2020 | Power | Renewable Energy | Aviation | Healthcare | Capital | Corporate items and eliminations | Total | ||||||||||||||||
| U.S. | $ | 6,186\u00a0 | $ | 7,846\u00a0 | $ | 11,239\u00a0 | $ | 7,611\u00a0 | $ | 3,550\u00a0 | $ | (1,117) | $ | 35,314\u00a0 | |||||||||
| Non-U.S. | |||||||||||||||||||||||
| Europe | 2,895\u00a0 | 3,047\u00a0 | 4,288\u00a0 | 3,952\u00a0 | 1,395\u00a0 | 155 | 15,733\u00a0 | ||||||||||||||||
| Asia | 3,961\u00a0 | 2,640\u00a0 | 3,920\u00a0 | 4,719\u00a0 | 997\u00a0 | (20) | 16,216\u00a0 | ||||||||||||||||
| Americas | 1,483\u00a0 | 819\u00a0 | 882\u00a0 | 879\u00a0 | 639\u00a0 | (2) | 4,701\u00a0 | ||||||||||||||||
| Middle East and Africa | 3,064\u00a0 | 1,314\u00a0 | 1,713\u00a0 | 848\u00a0 | 664\u00a0 | 52 | 7,655\u00a0 | ||||||||||||||||
| Total Non-U.S. | $ | 11,403\u00a0 | $ | 7,820\u00a0 | $ | 10,803\u00a0 | $ | 10,398\u00a0 | $ | 3,695\u00a0 | $ | 185 | $ | 44,305\u00a0 | |||||||||
| Total geographic revenues | $ | 17,589\u00a0 | $ | 15,666\u00a0 | $ | 22,042\u00a0 | $ | 18,009\u00a0 | $ | 7,245\u00a0 | $ | (932) | $ | 79,619\u00a0 | |||||||||
| Non-U.S. revenues as a % of consolidated revenues | 65\u00a0 | % | 50\u00a0 | % | 49\u00a0 | % | 58\u00a0 | % | 51\u00a0 | % | 56\u00a0 | % |
Year ended December 31, 2019 | Power | Renewable Energy | Aviation | Healthcare | Capital | Corporate items and eliminations | Total | ||||||||||||||||
| U.S. | $ | 5,992\u00a0 | $ | 7,413\u00a0 | $ | 13,384\u00a0 | $ | 8,526\u00a0 | $ | 4,149\u00a0 | $ | (93) | $ | 39,372\u00a0 | |||||||||
| Non-U.S. | |||||||||||||||||||||||
| Europe | 3,140\u00a0 | 2,925\u00a0 | 7,452\u00a0 | 4,132\u00a0 | 1,577\u00a0 | (135) | 19,092\u00a0 | ||||||||||||||||
| Asia | 4,018\u00a0 | 2,737\u00a0 | 6,641\u00a0 | 5,436\u00a0 | 1,454\u00a0 | (130) | 20,156\u00a0 | ||||||||||||||||
| Americas | 1,915\u00a0 | 1,064\u00a0 | 1,593\u00a0 | 1,056\u00a0 | 742\u00a0 | (33) | 6,336\u00a0 | ||||||||||||||||
| Middle East and Africa | 3,560\u00a0 | 1,198\u00a0 | 3,805\u00a0 | 792\u00a0 | 819\u00a0 | 86 | 10,259\u00a0 | ||||||||||||||||
| Total Non-U.S. | $ | 12,633\u00a0 | $ | 7,924\u00a0 | $ | 19,491\u00a0 | $ | 11,416\u00a0 | $ | 4,592\u00a0 | $ | (212) | $ | 55,843\u00a0 | |||||||||
| Total geographic revenues | $ | 18,625\u00a0 | $ | 15,337\u00a0 | $ | 32,875\u00a0 | $ | 19,942\u00a0 | $ | 8,741\u00a0 | $ | (305) | $ | 95,214\u00a0 | |||||||||
| Non-U.S. revenues as a % of consolidated revenues | 68\u00a0 | % | 52\u00a0 | % | 59\u00a0 | % | 57\u00a0 | % | 53\u00a0 | % | 59\u00a0 | % |
Year ended December 31, 2018 | |||||||||||||||||||||||
| U.S. | $ | 7,456\u00a0 | $ | 4,912\u00a0 | $ | 12,529\u00a0 | $ | 8,574\u00a0 | $ | 5,282\u00a0 | $ | 1,124 | $ | 39,876\u00a0 | |||||||||
| Non-U.S. | |||||||||||||||||||||||
| Europe | 4,538\u00a0 | 3,212\u00a0 | 7,027\u00a0 | 4,164\u00a0 | 1,383\u00a0 | (496) | 19,828\u00a0 | ||||||||||||||||
| Asia | 4,072\u00a0 | 2,933\u00a0 | 5,787\u00a0 | 5,219\u00a0 | 1,368\u00a0 | (79) | 19,300\u00a0 | ||||||||||||||||
| Americas | 2,546\u00a0 | 2,179\u00a0 | 1,459\u00a0 | 988\u00a0 | 632\u00a0 | 87 | 7,892\u00a0 | ||||||||||||||||
| Middle East and Africa | 3,538\u00a0 | 1,052\u00a0 | 3,764\u00a0 | 839\u00a0 | 886\u00a0 | 37 | 10,117\u00a0 | ||||||||||||||||
| Total Non-U.S. | $ | 14,694\u00a0 | $ | 9,376\u00a0 | $ | 18,037\u00a0 | $ | 11,210\u00a0 | $ | 4,269\u00a0 | $ | (451) | $ | 57,136\u00a0 | |||||||||
| Total geographic revenues | $ | 22,150\u00a0 | $ | 14,288\u00a0 | $ | 30,566\u00a0 | $ | 19,784\u00a0 | $ | 9,551\u00a0 | $ | 673 | $ | 97,012\u00a0 | |||||||||
| Non-U.S. revenues as a % of consolidated revenues | 66\u00a0 | % | 66\u00a0 | % | 59\u00a0 | % | 57\u00a0 | % | 45\u00a0 | % | 59\u00a0 | % |
PROFIT AND EARNINGS For the years ended December 31 | 2020 | 2019 | 2018 | ||||||||
| Power | $ | 274\u00a0 | $ | 291\u00a0 | $ | (1,105) | |||||
| Renewable Energy | (715) | (791) | 140\u00a0 | ||||||||
| Aviation | 1,229\u00a0 | 6,812\u00a0 | 6,454\u00a0 | ||||||||
| Healthcare | 3,060\u00a0 | 3,737\u00a0 | 3,522\u00a0 | ||||||||
| Capital | (1,710) | (530) | (489) | ||||||||
| Total segment profit | 2,138\u00a0 | 9,519\u00a0 | 8,521\u00a0 | ||||||||
| Corporate items and eliminations | 8,239\u00a0 | (1,825) | (2,201) | ||||||||
| GE Industrial goodwill impairments | (877) | (1,486) | (22,136) | ||||||||
| GE Industrial interest and other financial charges | (1,333) | (2,115) | (2,415) | ||||||||
| GE Industrial non-operating benefit costs | (2,424) | (2,828) | (2,740) | ||||||||
| GE Industrial provision for income taxes | (388) | (1,309) | (467) | ||||||||
| Earnings (loss) from continuing operations attributable to\u00a0GE common shareholders | 5,355\u00a0 | (44) | (21,438) | ||||||||
| Earnings (loss) from discontinued operations, net of taxes | (125) | (5,335) | (1,363) | ||||||||
| Less net earnings (loss) attributable to noncontrolling interests, discontinued operations | \u2014\u00a0 | 60\u00a0 | 1\u00a0 | ||||||||
| Earnings (loss) from discontinued operations, net of taxes and noncontrolling interests | (125) | (5,395) | (1,364) | ||||||||
| Consolidated net earnings (loss) attributable to GE common shareholders | $ | 5,230\u00a0 | $ | (5,439) | $ | (22,802) |
| Interest and other financial charges | Benefit (provision) for income taxes | ||||||||||||||||||||||
| For the years ended December 31 | 2020 | 2019 | 2018 | 2020 | 2019 | 2018 | |||||||||||||||||
| Capital | $ | 2,186\u00a0 | $ | 2,532\u00a0 | $ | 2,982\u00a0 | $ | 862\u00a0 | $ | 582\u00a0 | $ | 374\u00a0 | |||||||||||
| Corporate items and eliminations(a) | 1,087\u00a0 | 1,695\u00a0 | 1,784\u00a0 | (388) | (1,309) | (467) | |||||||||||||||||
| Total | $ | 3,273\u00a0 | $ | 4,227\u00a0 | $ | 4,766\u00a0 | $ | 474\u00a0 | $ | (726) | $ | (93) |
| Assets | Property, plant and equipment additions(a) | Depreciation and amortization(b) | |||||||||||||||||||||||||||||||||
| At December 31 | For the years ended December 31 | For the years ended December 31 | |||||||||||||||||||||||||||||||||
| 2020 | 2019 | 2018 | 2020 | 2019 | 2018 | 2020 | 2019 | 2018 | |||||||||||||||||||||||||||
| Power | $ | 24,453\u00a0 | $ | 26,731\u00a0 | $ | 27,389\u00a0 | $ | 245\u00a0 | $ | 277\u00a0 | $ | 358\u00a0 | $ | 749\u00a0 | $ | 880\u00a0 | $ | 1,307\u00a0 | |||||||||||||||||
| Renewable Energy | 15,927\u00a0 | 15,935\u00a0 | 16,400\u00a0 | 302\u00a0 | 455\u00a0 | 303\u00a0 | 413\u00a0 | 425\u00a0 | 474\u00a0 | ||||||||||||||||||||||||||
| Aviation | 38,634\u00a0 | 41,083\u00a0 | 37,488\u00a0 | 737\u00a0 | 1,031\u00a0 | 1,070\u00a0 | 1,142\u00a0 | 1,150\u00a0 | 1,042\u00a0 | ||||||||||||||||||||||||||
| Healthcare | 22,229\u00a0 | 30,503\u00a0 | 28,037\u00a0 | 256\u00a0 | 395\u00a0 | 378\u00a0 | 628\u00a0 | 702\u00a0 | 832\u00a0 | ||||||||||||||||||||||||||
| Capital(c) | 113,526\u00a0 | 117,546\u00a0 | 119,329\u00a0 | 1,765\u00a0 | 3,830\u00a0 | 4,569\u00a0 | 2,590\u00a0 | 2,083\u00a0 | 2,163\u00a0 | ||||||||||||||||||||||||||
Corporate items and eliminations(d) | 35,151\u00a0 | 29,269\u00a0 | 18,043\u00a0 | (51) | (175) | (46) | 494\u00a0 | 355\u00a0 | 763\u00a0 | ||||||||||||||||||||||||||
| Total continuing | $ | 249,920\u00a0 | $ | 261,068\u00a0 | $ | 246,686\u00a0 | $ | 3,252\u00a0 | $ | 5,813\u00a0 | $ | 6,632\u00a0 | $ | 6,018\u00a0 | $ | 5,595\u00a0 | $ | 6,582\u00a0 |
| December 31 | 2020 | 2019 | ||||||
| U.S. | $ | 148,963\u00a0 | $ | 143,534\u00a0 | ||||
| Non-U.S. | ||||||||
| Europe | 58,301\u00a0 | 70,565\u00a0 | ||||||
| Asia | 20,630\u00a0 | 22,089\u00a0 | ||||||
| Americas | 10,795\u00a0 | 13,435\u00a0 | ||||||
| Other Global | 11,230\u00a0 | 11,445\u00a0 | ||||||
| Total Non-U.S. | $ | 100,956\u00a0 | $ | 117,534\u00a0 | ||||
| Total assets (Continuing Operations) | $ | 249,920\u00a0 | $ | 261,068\u00a0 |
| REVENUES | Total revenues(a) | Intersegment revenues(b)(c) | External revenues | ||||||||||||||||||||||||||||||||
| Years ended December 31 | 2020 | 2019 | 2018 | 2020 | 2019 | 2018 | 2020 | 2019 | 2018 | ||||||||||||||||||||||||||
| Power | $ | 17,589\u00a0 | $ | 18,625\u00a0 | $ | 22,150\u00a0 | $ | 352\u00a0 | $ | 357\u00a0 | $ | 152\u00a0 | $ | 17,237\u00a0 | $ | 18,267\u00a0 | $ | 21,997\u00a0 | |||||||||||||||||
| Renewable Energy | 15,666\u00a0 | 15,337\u00a0 | 14,288\u00a0 | 142\u00a0 | 139\u00a0 | 186\u00a0 | 15,523\u00a0 | 15,198\u00a0 | 14,102\u00a0 | ||||||||||||||||||||||||||
| Aviation | 22,042\u00a0 | 32,875\u00a0 | 30,566\u00a0 | 1,445\u00a0 | 758\u00a0 | 375\u00a0 | 20,597\u00a0 | 32,117\u00a0 | 30,191\u00a0 | ||||||||||||||||||||||||||
| Healthcare | 18,009\u00a0 | 19,942\u00a0 | 19,784\u00a0 | 1\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 18,008\u00a0 | 19,942\u00a0 | 19,784\u00a0 | ||||||||||||||||||||||||||
| Capital | 7,245\u00a0 | 8,741\u00a0 | 9,551\u00a0 | 566\u00a0 | 971\u00a0 | 1,384\u00a0 | 6,679\u00a0 | 7,770\u00a0 | 8,167\u00a0 | ||||||||||||||||||||||||||
Corporate items and eliminations | (932) | (305) | 673\u00a0 | (2,507) | (2,225) | (2,097) | 1,575\u00a0 | 1,920\u00a0 | 2,770\u00a0 | ||||||||||||||||||||||||||
| Total | $ | 79,619\u00a0 | $ | 95,214\u00a0 | $ | 97,012\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | \u2014\u00a0 | $ | 79,619\u00a0 | $ | 95,214\u00a0 | $ | 97,012\u00a0 |
| Years ended December 31 | |||||||||||||||||||||||||||||||||||
| 2020 | 2019 | 2018 | |||||||||||||||||||||||||||||||||
| Equipment | Services | Total | Equipment | Services | Total | Equipment | Services | Total | |||||||||||||||||||||||||||
| Power | $ | 6,707\u00a0 | $ | 10,883\u00a0 | $ | 17,589\u00a0 | $ | 6,247\u00a0 | $ | 12,378\u00a0 | $ | 18,625\u00a0 | $ | 8,077\u00a0 | $ | 14,073\u00a0 | $ | 22,150\u00a0 | |||||||||||||||||
| Renewable Energy | 12,859\u00a0 | 2,807\u00a0 | 15,666\u00a0 | 12,267\u00a0 | 3,069\u00a0 | 15,337\u00a0 | 11,419\u00a0 | 2,870\u00a0 | 14,288\u00a0 | ||||||||||||||||||||||||||
| Aviation | 8,582\u00a0 | 13,460\u00a0 | 22,042\u00a0 | 12,737\u00a0 | 20,138\u00a0 | 32,875\u00a0 | 11,499\u00a0 | 19,067\u00a0 | 30,566\u00a0 | ||||||||||||||||||||||||||
| Healthcare | 9,992\u00a0 | 8,017\u00a0 | 18,009\u00a0 | 11,585\u00a0 | 8,357\u00a0 | 19,942\u00a0 | 11,422\u00a0 | 8,363\u00a0 | 19,784\u00a0 | ||||||||||||||||||||||||||
| Corporate items and industrial eliminations | (520) | 314\u00a0 | (206) | 243\u00a0 | 697\u00a0 | 940\u00a0 | 1,263\u00a0 | 987\u00a0 | 2,250\u00a0 | ||||||||||||||||||||||||||
| Total GE Industrial revenues | $ | 37,620\u00a0 | $ | 35,480\u00a0 | $ | 73,100\u00a0 | $ | 43,080\u00a0 | $ | 44,639\u00a0 | $ | 87,719\u00a0 | $ | 43,679\u00a0 | $ | 45,359\u00a0 | $ | 89,038\u00a0 |
| SEGMENT REVENUES | Years ended December 31 | ||||||||||||||||
| 2020 | 2019 | 2018 | |||||||||||||||
| Gas Power | $ | 12,655\u00a0 | $ | 13,122\u00a0 | $ | 13,296\u00a0 | |||||||||||
| Power Portfolio | 4,935\u00a0 | 5,503\u00a0 | 8,853\u00a0 | ||||||||||||||
| Power | $ | 17,589\u00a0 | $ | 18,625\u00a0 | $ | 22,150\u00a0 | |||||||||||
| Onshore Wind | $ | 10,881\u00a0 | $ | 10,421\u00a0 | $ | 8,220\u00a0 | |||||||||||
| Grid Solutions equipment and services | 3,585\u00a0 | 4,016\u00a0 | 4,579\u00a0 | ||||||||||||||
| Hydro, Offshore Wind and Hybrid Solutions | 1,200\u00a0 | 900\u00a0 | 1,489\u00a0 | ||||||||||||||
| Renewable Energy | $ | 15,666\u00a0 | $ | 15,337\u00a0 | $ | 14,288\u00a0 | |||||||||||
| Commercial Engines & Services | $ | 13,017\u00a0 | $ | 24,217\u00a0 | $ | 22,724\u00a0 | |||||||||||
| Military | 4,572\u00a0 | 4,389\u00a0 | 4,103\u00a0 | ||||||||||||||
| Systems & Other | 4,453\u00a0 | 4,269\u00a0 | 3,740\u00a0 | ||||||||||||||
| Aviation | $ | 22,042\u00a0 | $ | 32,875\u00a0 | $ | 30,566\u00a0 | |||||||||||
| Healthcare Systems | $ | 15,387\u00a0 | $ | 14,648\u00a0 | $ | 14,886\u00a0 | |||||||||||
| Pharmaceutical Diagnostics | 1,792\u00a0 | 2,005\u00a0 | 1,888\u00a0 | ||||||||||||||
| BioPharma | 830\u00a0 | 3,289\u00a0 | 3,010\u00a0 | ||||||||||||||
| Healthcare | $ | 18,009\u00a0 | $ | 19,942\u00a0 | $ | 19,784\u00a0 | |||||||||||
| Corporate items and industrial eliminations | $ | (206) | $ | 940\u00a0 | $ | 2,250\u00a0 | |||||||||||
| Total GE Industrial revenues | 73,100\u00a0 | 87,719\u00a0 | 89,038\u00a0 | ||||||||||||||
| Capital(a) | $ | 7,245\u00a0 | $ | 8,741\u00a0 | $ | 9,551\u00a0 | |||||||||||
| GE Capital-GE Industrial eliminations | (726) | (1,245) | (1,577) | ||||||||||||||
| Consolidated revenues | $ | 79,619\u00a0 | $ | 95,214\u00a0 | $ | 97,012\u00a0 |
Year ended December 31, 2020 | Power | Renewable Energy | Aviation | Healthcare | Capital | Corporate items and eliminations | Total | ||||||||||||||||
| U.S. | $ | 6,186\u00a0 | $ | 7,846\u00a0 | $ | 11,239\u00a0 | $ | 7,611\u00a0 | $ | 3,550\u00a0 | $ | (1,117) | $ | 35,314\u00a0 | |||||||||
| Non-U.S. | |||||||||||||||||||||||
| Europe | 2,895\u00a0 | 3,047\u00a0 | 4,288\u00a0 | 3,952\u00a0 | 1,395\u00a0 | 155 | 15,733\u00a0 | ||||||||||||||||
| Asia | 3,961\u00a0 | 2,640\u00a0 | 3,920\u00a0 | 4,719\u00a0 | 997\u00a0 | (20) | 16,216\u00a0 | ||||||||||||||||
| Americas | 1,483\u00a0 | 819\u00a0 | 882\u00a0 | 879\u00a0 | 639\u00a0 | (2) | 4,701\u00a0 | ||||||||||||||||
| Middle East and Africa | 3,064\u00a0 | 1,314\u00a0 | 1,713\u00a0 | 848\u00a0 | 664\u00a0 | 52 | 7,655\u00a0 | ||||||||||||||||
| Total Non-U.S. | $ | 11,403\u00a0 | $ | 7,820\u00a0 | $ | 10,803\u00a0 | $ | 10,398\u00a0 | $ | 3,695\u00a0 | $ | 185 | $ | 44,305\u00a0 | |||||||||
| Total geographic revenues | $ | 17,589\u00a0 | $ | 15,666\u00a0 | $ | 22,042\u00a0 | $ | 18,009\u00a0 | $ | 7,245\u00a0 | $ | (932) | $ | 79,619\u00a0 | |||||||||
| Non-U.S. revenues as a % of consolidated revenues | 65\u00a0 | % | 50\u00a0 | % | 49\u00a0 | % | 58\u00a0 | % | 51\u00a0 | % | 56\u00a0 | % |
Year ended December 31, 2019 | Power | Renewable Energy | Aviation | Healthcare | Capital | Corporate items and eliminations | Total | ||||||||||||||||
| U.S. | $ | 5,992\u00a0 | $ | 7,413\u00a0 | $ | 13,384\u00a0 | $ | 8,526\u00a0 | $ | 4,149\u00a0 | $ | (93) | $ | 39,372\u00a0 | |||||||||
| Non-U.S. | |||||||||||||||||||||||
| Europe | 3,140\u00a0 | 2,925\u00a0 | 7,452\u00a0 | 4,132\u00a0 | 1,577\u00a0 | (135) | 19,092\u00a0 | ||||||||||||||||
| Asia | 4,018\u00a0 | 2,737\u00a0 | 6,641\u00a0 | 5,436\u00a0 | 1,454\u00a0 | (130) | 20,156\u00a0 | ||||||||||||||||
| Americas | 1,915\u00a0 | 1,064\u00a0 | 1,593\u00a0 | 1,056\u00a0 | 742\u00a0 | (33) | 6,336\u00a0 | ||||||||||||||||
| Middle East and Africa | 3,560\u00a0 | 1,198\u00a0 | 3,805\u00a0 | 792\u00a0 | 819\u00a0 | 86 | 10,259\u00a0 | ||||||||||||||||
| Total Non-U.S. | $ | 12,633\u00a0 | $ | 7,924\u00a0 | $ | 19,491\u00a0 | $ | 11,416\u00a0 | $ | 4,592\u00a0 | $ | (212) | $ | 55,843\u00a0 | |||||||||
| Total geographic revenues | $ | 18,625\u00a0 | $ | 15,337\u00a0 | $ | 32,875\u00a0 | $ | 19,942\u00a0 | $ | 8,741\u00a0 | $ | (305) | $ | 95,214\u00a0 | |||||||||
| Non-U.S. revenues as a % of consolidated revenues | 68\u00a0 | % | 52\u00a0 | % | 59\u00a0 | % | 57\u00a0 | % | 53\u00a0 | % | 59\u00a0 | % |
Year ended December 31, 2018 | |||||||||||||||||||||||
| U.S. | $ | 7,456\u00a0 | $ | 4,912\u00a0 | $ | 12,529\u00a0 | $ | 8,574\u00a0 | $ | 5,282\u00a0 | $ | 1,124 | $ | 39,876\u00a0 | |||||||||
| Non-U.S. | |||||||||||||||||||||||
| Europe | 4,538\u00a0 | 3,212\u00a0 | 7,027\u00a0 | 4,164\u00a0 | 1,383\u00a0 | (496) | 19,828\u00a0 | ||||||||||||||||
| Asia | 4,072\u00a0 | 2,933\u00a0 | 5,787\u00a0 | 5,219\u00a0 | 1,368\u00a0 | (79) | 19,300\u00a0 | ||||||||||||||||
| Americas | 2,546\u00a0 | 2,179\u00a0 | 1,459\u00a0 | 988\u00a0 | 632\u00a0 | 87 | 7,892\u00a0 | ||||||||||||||||
| Middle East and Africa | 3,538\u00a0 | 1,052\u00a0 | 3,764\u00a0 | 839\u00a0 | 886\u00a0 | 37 | 10,117\u00a0 | ||||||||||||||||
| Total Non-U.S. | $ | 14,694\u00a0 | $ | 9,376\u00a0 | $ | 18,037\u00a0 | $ | 11,210\u00a0 | $ | 4,269\u00a0 | $ | (451) | $ | 57,136\u00a0 | |||||||||
| Total geographic revenues | $ | 22,150\u00a0 | $ | 14,288\u00a0 | $ | 30,566\u00a0 | $ | 19,784\u00a0 | $ | 9,551\u00a0 | $ | 673 | $ | 97,012\u00a0 | |||||||||
| Non-U.S. revenues as a % of consolidated revenues | 66\u00a0 | % | 66\u00a0 | % | 59\u00a0 | % | 57\u00a0 | % | 45\u00a0 | % | 59\u00a0 | % |
PROFIT AND EARNINGS For the years ended December 31 | 2020 | 2019 | 2018 | ||||||||
| Power | $ | 274\u00a0 | $ | 291\u00a0 | $ | (1,105) | |||||
| Renewable Energy | (715) | (791) | 140\u00a0 | ||||||||
| Aviation | 1,229\u00a0 | 6,812\u00a0 | 6,454\u00a0 | ||||||||
| Healthcare | 3,060\u00a0 | 3,737\u00a0 | 3,522\u00a0 | ||||||||
| Capital | (1,710) | (530) | (489) | ||||||||
| Total segment profit | 2,138\u00a0 | 9,519\u00a0 | 8,521\u00a0 | ||||||||
| Corporate items and eliminations | 8,239\u00a0 | (1,825) | (2,201) | ||||||||
| GE Industrial goodwill impairments | (877) | (1,486) | (22,136) | ||||||||
| GE Industrial interest and other financial charges | (1,333) | (2,115) | (2,415) | ||||||||
| GE Industrial non-operating benefit costs | (2,424) | (2,828) | (2,740) | ||||||||
| GE Industrial provision for income taxes | (388) | (1,309) | (467) | ||||||||
| Earnings (loss) from continuing operations attributable to\u00a0GE common shareholders | 5,355\u00a0 | (44) | (21,438) | ||||||||
| Earnings (loss) from discontinued operations, net of taxes | (125) | (5,335) | (1,363) | ||||||||
| Less net earnings (loss) attributable to noncontrolling interests, discontinued operations | \u2014\u00a0 | 60\u00a0 | 1\u00a0 | ||||||||
| Earnings (loss) from discontinued operations, net of taxes and noncontrolling interests | (125) | (5,395) | (1,364) | ||||||||
| Consolidated net earnings (loss) attributable to GE common shareholders | $ | 5,230\u00a0 | $ | (5,439) | $ | (22,802) |
| Interest and other financial charges | Benefit (provision) for income taxes | ||||||||||||||||||||||
| For the years ended December 31 | 2020 | 2019 | 2018 | 2020 | 2019 | 2018 | |||||||||||||||||
| Capital | $ | 2,186\u00a0 | $ | 2,532\u00a0 | $ | 2,982\u00a0 | $ | 862\u00a0 | $ | 582\u00a0 | $ | 374\u00a0 | |||||||||||
| Corporate items and eliminations(a) | 1,087\u00a0 | 1,695\u00a0 | 1,784\u00a0 | (388) | (1,309) | (467) | |||||||||||||||||
| Total | $ | 3,273\u00a0 | $ | 4,227\u00a0 | $ | 4,766\u00a0 | $ | 474\u00a0 | $ | (726) | $ | (93) |
| Assets | Property, plant and equipment additions(a) | Depreciation and amortization(b) | |||||||||||||||||||||||||||||||||
| At December 31 | For the years ended December 31 | For the years ended December 31 | |||||||||||||||||||||||||||||||||
| 2020 | 2019 | 2018 | 2020 | 2019 | 2018 | 2020 | 2019 | 2018 | |||||||||||||||||||||||||||
| Power | $ | 24,453\u00a0 | $ | 26,731\u00a0 | $ | 27,389\u00a0 | $ | 245\u00a0 | $ | 277\u00a0 | $ | 358\u00a0 | $ | 749\u00a0 | $ | 880\u00a0 | $ | 1,307\u00a0 | |||||||||||||||||
| Renewable Energy | 15,927\u00a0 | 15,935\u00a0 | 16,400\u00a0 | 302\u00a0 | 455\u00a0 | 303\u00a0 | 413\u00a0 | 425\u00a0 | 474\u00a0 | ||||||||||||||||||||||||||
| Aviation | 38,634\u00a0 | 41,083\u00a0 | 37,488\u00a0 | 737\u00a0 | 1,031\u00a0 | 1,070\u00a0 | 1,142\u00a0 | 1,150\u00a0 | 1,042\u00a0 | ||||||||||||||||||||||||||
| Healthcare | 22,229\u00a0 | 30,503\u00a0 | 28,037\u00a0 | 256\u00a0 | 395\u00a0 | 378\u00a0 | 628\u00a0 | 702\u00a0 | 832\u00a0 | ||||||||||||||||||||||||||
| Capital(c) | 113,526\u00a0 | 117,546\u00a0 | 119,329\u00a0 | 1,765\u00a0 | 3,830\u00a0 | 4,569\u00a0 | 2,590\u00a0 | 2,083\u00a0 | 2,163\u00a0 | ||||||||||||||||||||||||||
Corporate items and eliminations(d) | 35,151\u00a0 | 29,269\u00a0 | 18,043\u00a0 | (51) | (175) | (46) | 494\u00a0 | 355\u00a0 | 763\u00a0 | ||||||||||||||||||||||||||
| Total continuing | $ | 249,920\u00a0 | $ | 261,068\u00a0 | $ | 246,686\u00a0 | $ | 3,252\u00a0 | $ | 5,813\u00a0 | $ | 6,632\u00a0 | $ | 6,018\u00a0 | $ | 5,595\u00a0 | $ | 6,582\u00a0 |
| December 31 | 2020 | 2019 | ||||||
| U.S. | $ | 148,963\u00a0 | $ | 143,534\u00a0 | ||||
| Non-U.S. | ||||||||
| Europe | 58,301\u00a0 | 70,565\u00a0 | ||||||
| Asia | 20,630\u00a0 | 22,089\u00a0 | ||||||
| Americas | 10,795\u00a0 | 13,435\u00a0 | ||||||
| Other Global | 11,230\u00a0 | 11,445\u00a0 | ||||||
| Total Non-U.S. | $ | 100,956\u00a0 | $ | 117,534\u00a0 | ||||
| Total assets (Continuing Operations) | $ | 249,920\u00a0 | $ | 261,068\u00a0 |
| For the years ended December 31 | 2020 | 2019(a) | ||||||
| Revenues | $ | 20,705\u00a0 | $ | 7,751\u00a0 | ||||
| Gross Profit | 3,199\u00a0 | 1,558\u00a0 | ||||||
| Net income (loss) | (15,761) | 120\u00a0 | ||||||
| Net income (loss) attributable to the entity | (9,940) | 60\u00a0 |
| As of December 31 | 2020 | 2019 | ||||||
| Current | $ | 16,455\u00a0 | $ | 15,222\u00a0 | ||||
| Noncurrent | 21,552\u00a0 | 38,147\u00a0 | ||||||
| Total assets | $ | 38,007\u00a0 | $ | 53,369\u00a0 | ||||
| Current | $ | 10,227\u00a0 | $ | 10,014\u00a0 | ||||
| Noncurrent | 9,538\u00a0 | 8,857\u00a0 | ||||||
| Total liabilities | $ | 19,765\u00a0 | $ | 18,871\u00a0 | ||||
| Noncontrolling interests | $ | 5,349\u00a0 | $ | 12,570\u00a0 |