2019 Q4 Form 10-K Financial Statement

#000004054520000009 Filed on February 24, 2020

View on sec.gov

Income Statement

Concept 2019 Q4 2018 Q4 2018 Q3
Revenue $26.24B $26.50B $23.39B
YoY Change -0.99% -16.15% -23.71%
Cost Of Revenue $19.50B $20.96B $17.85B
YoY Change -6.97% -18.22% 145.18%
Gross Profit $6.739B $5.540B $5.545B
YoY Change 21.64% -7.25% -76.29%
Gross Profit Margin 25.68% 20.91% 23.7%
Selling, General & Admin $3.529B $3.330B $4.100B
YoY Change 5.98% -18.56% -13.52%
% of Gross Profit 52.37% 60.11% 73.94%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.406B $1.485B $1.257B
YoY Change -5.32% -25.79% -10.02%
% of Gross Profit 20.86% 26.81% 22.67%
Operating Expenses $4.232B $4.273B $4.100B
YoY Change -0.96% -71.22% -13.52%
Operating Profit $2.507B $1.267B $1.445B
YoY Change 97.87% -114.28% -92.25%
Interest Expense -$336.0M -$495.0M -$451.0M
YoY Change -32.12% -10.33% 2.04%
% of Operating Profit -13.4% -39.07% -31.21%
Other Income/Expense, Net -$98.00M $322.0M $279.0M
YoY Change -130.43% -128.2% -87.11%
Pretax Income $1.571B $331.0M -$22.96B
YoY Change 374.62% -102.55% -3178.02%
Income Tax $727.0M -$478.0M $52.00M
% Of Pretax Income 46.28% -144.41%
Net Earnings $728.0M $761.0M -$22.77B
YoY Change -4.34% -107.03% -1774.19%
Net Earnings / Revenue 2.77% 2.87% -97.34%
Basic Earnings Per Share $0.06 $0.07 -$2.62
Diluted Earnings Per Share $0.06 $0.07 -$2.62
COMMON SHARES
Basic Shares Outstanding 8.694B shares
Diluted Shares Outstanding 8.694B shares

Balance Sheet

Concept 2019 Q4 2018 Q4 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $45.70B $31.12B $26.93B
YoY Change 46.83% -29.21% -32.42%
Cash & Equivalents $35.81B $31.12B $22.05B
Short-Term Investments $9.888B $33.51B
Other Short-Term Assets $3.362B
YoY Change
Inventory $17.22B $13.80B $20.64B
Prepaid Expenses
Receivables $16.57B $14.65B $20.41B
Other Receivables $3.712B $0.00 $0.00
Total Short-Term Assets $103.1B $59.57B $67.99B
YoY Change 73.06% -31.99% -25.06%
LONG-TERM ASSETS
Property, Plant & Equipment $45.88B $43.61B $50.64B
YoY Change 5.2% -19.05% -6.4%
Goodwill $25.90B $33.97B $60.38B
YoY Change -23.78% -42.24% -30.66%
Intangibles $10.65B $12.18B $18.84B
YoY Change -12.52% -39.93% -12.12%
Long-Term Investments $5.700B $0.00 $0.00
YoY Change
Other Assets $13.88B $95.96B $44.15B
YoY Change -85.53% 100.55% 16.6%
Total Long-Term Assets $162.1B $251.5B $243.7B
YoY Change -35.55% -10.7% -15.18%
TOTAL ASSETS
Total Short-Term Assets $103.1B $59.57B $67.99B
Total Long-Term Assets $162.1B $251.5B $243.7B
Total Assets $265.2B $311.1B $311.7B
YoY Change -14.75% -15.75% -17.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $15.93B $13.83B $15.75B
YoY Change 15.19% -8.87% 5.64%
Accrued Expenses $15.75B $14.45B $17.93B
YoY Change 8.99% -14.58% 2.93%
Deferred Revenue $18.39B
YoY Change
Short-Term Debt $23.64B $12.78B $15.21B
YoY Change 85.04% -46.85% -45.94%
Long-Term Debt Due $17.47B $8.253B $8.191B
YoY Change 111.62% -45.82% -59.55%
Total Short-Term Liabilities $78.87B $116.0B $126.0B
YoY Change -32.04% -16.05% -1.79%
LONG-TERM LIABILITIES
Long-Term Debt $67.24B $90.82B $99.76B
YoY Change -25.97% -17.85% -7.86%
Other Long-Term Liabilities $15.94B $20.84B $37.70B
YoY Change -23.52% -52.19% -14.26%
Total Long-Term Liabilities $15.94B $20.84B $137.5B
YoY Change -23.52% -86.48% -9.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $78.87B $116.0B $126.0B
Total Long-Term Liabilities $15.94B $20.84B $137.5B
Total Liabilities $235.3B $259.6B $263.5B
YoY Change -9.35% -11.21% -6.09%
SHAREHOLDERS EQUITY
Retained Earnings $87.73B $93.11B $90.87B
YoY Change -5.77% -20.59% -33.53%
Common Stock $702.0M $702.0M $702.0M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $82.80B $83.93B $84.20B
YoY Change -1.34% -1.15% -1.17%
Treasury Stock Shares 2.992B shares
Shareholders Equity $28.32B $30.98B $31.45B
YoY Change
Total Liabilities & Shareholders Equity $265.2B $311.1B $311.7B
YoY Change -14.75% -15.75% -17.55%

Cashflow Statement

Concept 2019 Q4 2018 Q4 2018 Q3
OPERATING ACTIVITIES
Net Income $728.0M $761.0M -$22.77B
YoY Change -4.34% -107.03% -1774.19%
Depreciation, Depletion And Amortization $1.406B $1.485B $1.257B
YoY Change -5.32% -25.79% -10.02%
Cash From Operating Activities $6.739B $8.569B -$2.915B
YoY Change -21.36% 172.99% -440.14%
INVESTING ACTIVITIES
Capital Expenditures -$1.712B -$2.433B -$1.070B
YoY Change -29.63% 0.08% -44.36%
Acquisitions
YoY Change
Other Investing Activities $5.601B $9.077B $7.269B
YoY Change -38.29% 45.21% 208.27%
Cash From Investing Activities $3.889B $6.644B $6.199B
YoY Change -41.47% 73.93% 1325.06%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.044B -6.840B -4.054B
YoY Change -70.12% 142.3% -34.0%
NET CHANGE
Cash From Operating Activities 6.739B 8.569B -2.915B
Cash From Investing Activities 3.889B 6.644B 6.199B
Cash From Financing Activities -2.044B -6.840B -4.054B
Net Change In Cash 8.584B 8.373B -770.0M
YoY Change 2.52% 102.44% -84.12%
FREE CASH FLOW
Cash From Operating Activities $6.739B $8.569B -$2.915B
Capital Expenditures -$1.712B -$2.433B -$1.070B
Free Cash Flow $8.451B $11.00B -$1.845B
YoY Change -23.19% 97.52% -166.37%

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-225000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
51000000 USD
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2018 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2017 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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-4613000000 USD
CY2019 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
26000000 USD
CY2018 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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-314000000 USD
CY2017 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-314000000 USD
CY2019 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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ComprehensiveIncomeNetOfTax
-22364000000 USD
CY2017 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-4300000000 USD
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702000000 USD
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702000000 USD
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CY2019 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
We have reclassified certain prior-year amounts to conform to the current-year’s presentation. Certain columns and rows may not add due to the use of rounded numbers. Percentages presented are calculated from the underlying numbers in millions. Unless otherwise indicated, information in these notes to consolidated financial statements relates to continuing operations. Certain of our operations have been presented as discontinued. We present businesses whose disposal represents a strategic shift that has, or will have, a major effect on our operations and financial results as discontinued operations when the components meet the criteria for held for sale, are sold, or spun-off.
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
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CY2018Q4 us-gaap Restricted Cash And Cash Equivalents
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388000000 USD
CY2019 ge Subsidiaryinvestmentcontractsinsuranceliabilitiesandinsuranceannuitybenefitspolicytextblock
Subsidiaryinvestmentcontractsinsuranceliabilitiesandinsuranceannuitybenefitspolicytextblock
<div style="line-height:120%;padding-bottom:0px;text-align:left;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;color:#000000;font-weight:bold;">INVESTMENT CONTRACTS, INSURANCE LIABILITIES AND INSURANCE ANNUITY BENEFITS. </span><span style="font-family:Arial;font-size:9pt;">Our run-off insurance operations include providing insurance and reinsurance for life and health risks and providing certain annuity products. Primary product types include long-term care, structured settlement annuities, life and disability insurance contracts and investment contracts. Insurance contracts are contracts with significant mortality and/or morbidity risks, while investment contracts are contracts without such risks. </span></div><div style="line-height:120%;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><br/></span></div><div style="line-height:120%;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">For traditional long-duration insurance contracts, we report premiums as revenue when due. Premiums received on non-traditional long-duration insurance contracts and investment contracts, including annuities without significant mortality risk, are not reported as revenues but rather as deposit liabilities. We recognize revenues for charges and assessments on these contracts, mostly for mortality, contract initiation, administration and surrender. Amounts credited to policyholder accounts are charged to expense.</span></div><div style="line-height:120%;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><br/></span></div><div style="line-height:120%;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Liabilities for traditional long-duration insurance contracts includes both future policy benefit reserves and claims reserves. Future policy benefit reserves represent the present value of future policy benefits less the present value of future gross premiums based on actuarial assumptions. Liabilities for investment contracts equal the account value, that is, the amount that accrues to the benefit of the contract or policyholder including credited interest and assessments through the financial statement date. </span></div><div style="line-height:120%;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><br/></span></div><div style="line-height:120%;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;">Claim reserves are established when a claim is incurred or is estimated to have been incurred and represents our best estimate of the present value of the ultimate obligations for future claim payments and claim adjustments expenses. </span></div><div style="line-height:120%;font-size:9pt;"><span style="font-family:Arial;font-size:9pt;"><br/></span></div>To the extent that unrealized gains on specific investment securities supporting our insurance contracts would result in a premium deficiency, should those gains be realized, an increase in future policy benefit reserves is recorded, with an offsetting after-tax reduction to net unrealized gains recorded in other comprehensive income.
CY2017Q4 ge Disposal Group Including Discontinued Operation Assets To Be Disposed Of
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CY2019 us-gaap Disposal Group Including Discontinued Operation Revenue
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CY2019 ge Disposal Group Including Discontinued Operation Revenues And Other Income Loss
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2650000000 USD
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DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
186000000 USD
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-153000000 USD
CY2019 us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
339000000 USD
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-5183000000 USD
CY2019 us-gaap Discontinued Operation Tax Effect Of Income Loss From Disposal Of Discontinued Operation
DiscontinuedOperationTaxEffectOfIncomeLossFromDisposalOfDiscontinuedOperation
491000000 USD
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-5675000000 USD
CY2019 us-gaap Income Loss From Discontinued Operations Net Of Tax
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CY2018 ge Disposal Group Including Discontinued Operation Revenues And Other Income Loss
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CY2018 us-gaap Disposal Group Including Discontinued Operation Costs Of Goods Sold
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CY2018 us-gaap Disposal Group Including Discontinued Operation Operating Expense
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4360000000 USD
CY2018 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
-958000000 USD
CY2018 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
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CY2018 us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
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-1366000000 USD
CY2018 us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax
4000000 USD
CY2018 us-gaap Discontinued Operation Tax Effect Of Income Loss From Disposal Of Discontinued Operation
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CY2018 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
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3000000 USD
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CY2017 ge Disposal Group Including Discontinued Operation Revenues And Other Income Loss
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DiscontinuedOperationTaxEffectOfDiscontinuedOperation
-97000000 USD
CY2017 us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
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-441000000 USD
CY2017 ge Debt And Equity Securities Realized Gain
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DebtAndEquitySecuritiesRealizedLoss
203000000 USD
CY2018 ge Debt And Equity Securities Realized Loss
DebtAndEquitySecuritiesRealizedLoss
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CY2017 ge Debt And Equity Securities Realized Loss
DebtAndEquitySecuritiesRealizedLoss
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CY2017 us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
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CY2019 ge Discontinued Operation Income Lossfrom Discontinued Operation During Phaseout Period Netof Tax Attributableto Parent
DiscontinuedOperationIncomeLossfromDiscontinuedOperationDuringPhaseoutPeriodNetofTaxAttributabletoParent
279000000 USD
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-1367000000 USD
CY2017 ge Discontinued Operation Income Lossfrom Discontinued Operation During Phaseout Period Netof Tax Attributableto Parent
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CY2019Q4 us-gaap Equity Securities Fv Ni
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CY2019Q4 us-gaap Equity Securities Fv Ni
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10025000000 USD
CY2018Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
107000000 USD
CY2018Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
107000000 USD
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CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
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CY2019Q4 ge Debt And Equity Securities
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CY2018Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
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CY2018Q4 ge Debt And Equity Securities
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CY2019 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
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CY2018 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
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-8000000 USD
CY2019 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
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CY2018 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
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CY2017 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
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CY2019 ge Debt And Equity Securities Realized Gain
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CY2018 ge Debt And Equity Securities Realized Gain
DebtAndEquitySecuritiesRealizedGain
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CY2019Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
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CY2019Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
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20000000 USD
CY2019Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
724000000 USD
CY2019Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
274000000 USD
CY2018Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
310000000 USD
CY2018Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
251000000 USD
CY2018Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
7048000000 USD
CY2018Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
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CY2019Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
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CY2019Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
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CY2019Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
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CY2019Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
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CY2019Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
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6614000000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
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7599000000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
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CY2019Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
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CY2019Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
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517000000 USD
CY2018Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
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542000000 USD
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12594000000 USD
CY2018Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
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CY2018Q4 us-gaap Other Receivables Gross Current
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CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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670000000 USD
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CY2019 us-gaap Supplemental Deferred Purchase Price
SupplementalDeferredPurchasePrice
421000000 USD
CY2018 us-gaap Supplemental Deferred Purchase Price
SupplementalDeferredPurchasePrice
468000000 USD
CY2019 ge Receivables Average Remaining Period
ReceivablesAverageRemainingPeriod
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AccountsReceivableGrossNoncurrent
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CY2018Q4 us-gaap Accounts Receivable Gross Noncurrent
AccountsReceivableGrossNoncurrent
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SundryReceivablesNoncurrent
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CY2018Q4 ge Sundry Receivables Noncurrent
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1180000000 USD
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AllowanceForDoubtfulAccountsReceivableNoncurrent
128000000 USD
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable Noncurrent
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145000000 USD
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173000000 USD
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275000000 USD
CY2017 us-gaap Direct Financing Lease Lease Income
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274000000 USD
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474000000 USD
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216000000 USD
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178000000 USD
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329000000 USD
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139000000 USD
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39000000 USD
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43000000 USD
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1234000000 USD
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1916000000 USD
CY2019Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable
SalesTypeAndDirectFinancingLeasesLeaseReceivable
660000000 USD
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CapitalLeasesLeaseReceivable
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574000000 USD
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LeveragedLeasesNetInvestmentinLeveragedLeasesDisclosureDiscountedLeaseReceivable
781000000 USD
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835000000 USD
CY2018Q4 ge Lease Excluding Operating Lease Unguaranteed Residual Asset Net
LeaseExcludingOperatingLeaseUnguaranteedResidualAssetNet
906000000 USD
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SalestypeandDirectFinancingLeasesUnguaranteedResidualAssetNet
412000000 USD
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CapitalLeasesUnguaranteedResidualAssetNet
420000000 USD
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423000000 USD
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LeveragedLeasesNetInvestmentInLeveragedLeasesDisclosureResidualValueOfLeasedAssetsNet
486000000 USD
CY2019Q4 ge Lease Net Investment In Lease
LeaseNetInvestmentInLease
2070000000 USD
CY2018Q4 ge Lease Net Investment In Lease
LeaseNetInvestmentInLease
2822000000 USD
CY2019Q4 us-gaap Net Investment In Lease
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1072000000 USD
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1556000000 USD
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997000000 USD
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1266000000 USD
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506000000 USD
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399000000 USD
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CY2018Q4 us-gaap Inventory Work In Process And Raw Materials
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CY2018Q4 us-gaap Inventory Finished Goods
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5746000000 USD
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CY2018Q4 us-gaap Inventory Net
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CY2018Q4 us-gaap Property Plant And Equipment Gross
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43290000000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
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43611000000 USD
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4026000000 USD
CY2018 us-gaap Depreciation
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4419000000 USD
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4332000000 USD
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2982000000 USD
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2625000000 USD
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2258000000 USD
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1820000000 USD
CY2019Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
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1647000000 USD
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5652000000 USD
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16985000000 USD
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3804000000 USD
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4075000000 USD
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4144000000 USD
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3045000000 USD
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759000000 USD
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832000000 USD
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748000000 USD
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2896000000 USD
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3162000000 USD
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P12Y
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966000000 USD
CY2017 us-gaap Operating Lease Cost
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136000000 USD
CY2018 us-gaap Variable Lease Cost
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177000000 USD
CY2017 us-gaap Variable Lease Cost
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231000000 USD
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206000000 USD
CY2018 us-gaap Short Term Lease Cost
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133000000 USD
CY2017 us-gaap Short Term Lease Cost
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131000000 USD
CY2019Q4 us-gaap Lease Cost
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1176000000 USD
CY2018 us-gaap Lease Cost
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1276000000 USD
CY2017 us-gaap Lease Cost
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1365000000 USD
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766000000 USD
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655000000 USD
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561000000 USD
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465000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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375000000 USD
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914000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due
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3737000000 USD
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575000000 USD
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3162000000 USD
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888000000 USD
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P6Y10M24D
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0.049
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2020000000 USD
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CY2019Q4 us-gaap Goodwill
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21510000000 USD
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10857000000 USD
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10865000000 USD
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12178000000 USD
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1569000000 USD
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2163000000 USD
CY2017 us-gaap Amortization Of Intangible Assets
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1862000000 USD
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1358000000 USD
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1274000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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1173000000 USD
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1081000000 USD
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1107000000 USD
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P5Y4M24D
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629000000 USD
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11020000000 USD
CY2018 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
14960000000 USD
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CY2018Q4 us-gaap Other Assets
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18357000000 USD
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3140000000 USD
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4262000000 USD
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22072000000 USD
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12776000000 USD
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17038000000 USD
CY2018Q4 us-gaap Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
19892000000 USD
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432000000 USD
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2247000000 USD
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35562000000 USD
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5655000000 USD
CY2019Q4 us-gaap Liability For Future Policy Benefits
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5615000000 USD
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322000000 USD
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5655000000 USD
CY2019Q4 us-gaap Liability For Claims And Claims Adjustment Expense
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406000000 USD
CY2019Q4 us-gaap Liability For Future Policy Benefits Other Contracts
LiabilityForFuturePolicyBenefitsOtherContracts
5655000000 USD
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39826000000 USD
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LiabilityForFuturePolicyBenefitsOtherContracts
2247000000 USD
CY2018Q4 us-gaap Liability For Future Policy Benefits
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27940000000 USD
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5324000000 USD
CY2018Q4 us-gaap Guaranteed Interest Contracts
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2388000000 USD
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342000000 USD
CY2018Q4 us-gaap Liability For Future Policy Benefits Other Contracts
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2247000000 USD
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0.0574
CY2018Q4 us-gaap Long Duration Contracts Assumptions By Product And Guarantee Estimated Average Investment Yield
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0.0604
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1873000000 USD
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LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1
2106000000 USD
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2020000000 USD
CY2019 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
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CY2018 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
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CY2017 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
135000000 USD
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PaymentsForLossesAndLossAdjustmentExpense
1626000000 USD
CY2018 us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
1937000000 USD
CY2017 us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
1670000000 USD
CY2019Q4 us-gaap Reinsurance Recoverables Allowance
ReinsuranceRecoverablesAllowance
1355000000 USD
CY2018Q4 us-gaap Reinsurance Recoverables Allowance
ReinsuranceRecoverablesAllowance
1090000000 USD
CY2019Q4 us-gaap Reinsurance Recoverables
ReinsuranceRecoverables
2416000000 USD
CY2018Q4 us-gaap Reinsurance Recoverables
ReinsuranceRecoverables
2271000000 USD
CY2019 us-gaap Insurance Recoveries
InsuranceRecoveries
362000000 USD
CY2018 us-gaap Insurance Recoveries
InsuranceRecoveries
324000000 USD
CY2017 us-gaap Insurance Recoveries
InsuranceRecoveries
454000000 USD
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14500000000 USD
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3
CY2019Q4 ge Numberof Categoriesof Postretirement Benefit Plans
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3 category
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CY2019Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
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CY2018Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
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355000000 USD
CY2018 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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410000000 USD
CY2017 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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460000000 USD
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6573000000 USD
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15753000000 USD
CY2018Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
14866000000 USD
CY2019Q4 us-gaap Other Liabilities Noncurrent
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16583000000 USD
CY2018Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
20839000000 USD
CY2019Q4 us-gaap Other Liabilities
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32336000000 USD
CY2018Q4 us-gaap Other Liabilities
OtherLiabilities
35705000000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1831000000 USD
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2339000000 USD
CY2017 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1397000000 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
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CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2017 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
726000000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
93000000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
506000000 USD
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CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
643000000 USD
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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1149000000 USD
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-20987000000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-11345000000 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
146000000 USD
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1019000000 USD
CY2017 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-734000000 USD
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DeferredFederalIncomeTaxExpenseBenefit
-1266000000 USD
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-3144000000 USD
CY2017 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-3625000000 USD
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
2008000000 USD
CY2018 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
1132000000 USD
CY2017 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
1820000000 USD
CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
106000000 USD
CY2018 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
1197000000 USD
CY2017 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-429000000 USD
CY2019 us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
-267000000 USD
CY2018 us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
-111000000 USD
CY2017 us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
160000000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
726000000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
93000000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2808000000 USD
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2228000000 USD
CY2018 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1868000000 USD
CY2017 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2436000000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2019 ge Effective Income Tax Rate Reconciliation Impact Of Inclusion Of After Tax Earnings Of Subsidiary Percent
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0
CY2018 ge Effective Income Tax Rate Reconciliation Impact Of Inclusion Of After Tax Earnings Of Subsidiary Percent
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0
CY2017 ge Effective Income Tax Rate Reconciliation Impact Of Inclusion Of After Tax Earnings Of Subsidiary Percent
EffectiveIncomeTaxRateReconciliationImpactOfInclusionOfAfterTaxEarningsOfSubsidiaryPercent
0
CY2019 ge Effective Income Tax Rate Reconciliation Tax On Global Activities Including Exports Percent
EffectiveIncomeTaxRateReconciliationTaxOnGlobalActivitiesIncludingExportsPercent
0.910
CY2018 ge Effective Income Tax Rate Reconciliation Tax On Global Activities Including Exports Percent
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-0.050
CY2017 ge Effective Income Tax Rate Reconciliation Tax On Global Activities Including Exports Percent
EffectiveIncomeTaxRateReconciliationTaxOnGlobalActivitiesIncludingExportsPercent
0.303
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
0.225
CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
-0.026
CY2017 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
-0.043
CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseImpairmentLosses
0.260
CY2018 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseImpairmentLosses
-0.215
CY2017 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseImpairmentLosses
-0.078
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Percent
EffectiveIncomeTaxRateReconciliationTaxCutsAndJobsActOf2017Percent
0.002
CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Percent
EffectiveIncomeTaxRateReconciliationTaxCutsAndJobsActOf2017Percent
-0.002
CY2017 us-gaap Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Percent
EffectiveIncomeTaxRateReconciliationTaxCutsAndJobsActOf2017Percent
-0.398
CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.525
CY2018 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2017 us-gaap Effective Income Tax Rate Reconciliation Disposition Of Business
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CY2017 us-gaap Disposal Group Including Discontinued Operation Foreign Currency Translation Gains Losses
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CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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P6Y
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P5Y10M24D
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P6Y3M18D
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CY2018 ge Sharebased Compensation Arrangementby Sharebased Payment Award Fair Value Assumptions Strike Price
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12.13
CY2017 ge Sharebased Compensation Arrangementby Sharebased Payment Award Fair Value Assumptions Strike Price
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CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
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CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
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CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2017 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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