| Period End | Type | Status | Affected | % Workforce | Announced | Expected Completion | Geography | Segment / Function | Charge | Source | Note |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | other | announced | 5,000 | 2026-01-01 | 2026-12-31 | United States | Engineering and manufacturing | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Planned 2026 U.S. hiring of 5,000 workers alongside $1 billion manufacturing investment; announcement date approximate (stated as a 2026 plan). | ||
| 2026-06-30 | restructuring | in_progress | 2026-12-31 | Corporate & Other | USD 26 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q2 2026 restructuring and other charges of $26M, including $24M workforce reductions; no employee counts disclosed. Ongoing programs tied to GE HealthCare and GE Vernova spin-off footprint reductions. | ||||
| 2026-06-30 | restructuring | in_progress | 2026-12-31 | Corporate & Other | USD 51 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | YTD 2026 restructuring and other charges of $51M, including $51M workforce reductions; no employee counts disclosed. Restructuring liability $76M at 2026-06-30. | ||||
| 2026-06-30 | restructuring | in_progress | 2026-12-31 | Corporate & Other — separation activities | USD 34 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q2 2026 pre-tax separation costs of $34M (YTD $89M); separation activities expected to complete in second half of 2026. No employee counts disclosed. | ||||
| 2026-06-30 | restructuring | in_progress | Corporate & Other | USD 27 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Three months ended June 30, 2026. Includes workforce reductions ($24M) and plant closures/asset write-downs ($2M). Employee count not disclosed. | |||||
| 2026-06-30 | restructuring | in_progress | Corporate & Other | USD 51 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Six months ended June 30, 2026. Includes workforce reductions ($51M) and plant closures/asset write-downs (-$1M). Employee count not disclosed. | |||||
| 2026-06-30 | other | in_progress | 2026-12-31 | Corporate & Other | USD 34 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Three months ended June 30, 2026. Separation activities related to GE Vernova spin-off. Expected completion in second half of 2026. | ||||
| 2026-06-30 | other | in_progress | 2026-12-31 | Corporate & Other | USD 89 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Six months ended June 30, 2026. Separation activities related to GE Vernova spin-off. Expected completion in second half of 2026. | ||||
| 2026-03-31 | restructuring | in_progress | Corporate & Other | USD 24 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q1 2026 charges comprise workforce reductions of $27M and plant closure/asset write-downs of $(2)M; no employee counts or completion dates disclosed. Ongoing programs tied to GE HealthCare and GE Vernova spin-offs. | |||||
| 2026-03-31 | other | announced | 5,000 | 2026-12-31 | United States | Engineering and manufacturing | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Planned 2026 U.S. hiring of 5,000 workers alongside a $1B U.S. manufacturing investment; forward-looking plan, not a completed hiring figure. No announcement date specified. | |||
| 2026-03-31 | restructuring | in_progress | Corporate & Other | USD 24 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Includes workforce reductions and plant closures. Employee count not disclosed. Cash expenditures were $27 million. | |||||
| 2026-03-31 | other | in_progress | Corporate | USD 55 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Ongoing separation activities related to GE Vernova spin-off, primarily IT systems and transition to stand-alone public company. Cash expenditures were $83 million. | |||||
| 2025-12-31 | restructuring | completed | 2022 | 2025-12-31 | Global | Corporate & Other shared services | USD -84 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Separation-related program announced Q4 2022; FY2025 charges were a net benefit of $84M, including a $164M reserve reduction as the activity was substantially completed in Q4 2025. Employees affected not disclosed; restructuring liability was $91M at year-end. | ||
| 2025-12-31 | other | completed | United States | Manufacturing and service | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | In 2025 the Company negotiated collective bargaining agreements with the majority of its U.S. unions, including IUE-CWA, UAW and IAM; ~3,800 U.S. employees are union-represented. | |||||
| 2025-12-31 | acquisition_addition | completed | Defense & Propulsion Technologies | USD 148 (millions) | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Goodwill acquisition of $148M recorded in DPT during 2025; headcount added through the acquisition not disclosed. | |||||
| 2025-12-31 | other | announced | 2026-01-15 | Global | Commercial Engines & Services; Defense & Propulsion Technologies | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Post-year-end organizational realignment: CES to encompass the full commercial engine lifecycle and Aeroderivative to move from CES to DPT; headcount impact not disclosed. | ||||
| 2025-12-31 | restructuring | completed | 2022-10-01 | 2025-12-31 | Global | Corporate & Other | USD -84 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Separation-related restructuring activity substantially completed in Q4 2025. Includes pre-tax benefit of $164 million due to hiring needs and IT capacity demands. | ||
| 2025-09-30 | restructuring | in_progress | 2022-12-31 | Corporate & Other | USD 39 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Ongoing exit activities announced in Q4 2022 (announcement month only; date shown is quarter-end proxy). Workforce reductions charges were $20M in Q3 2025 and $39M for the nine months ended 2025-09-30; charge shown is YTD. Restructuring liability was $198M at 2025-09-30. No employee counts, sites, or completion dates disclosed. | ||||
| 2025-09-30 | plant_closure | in_progress | 2022-12-31 | Corporate & Other | USD 12 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Line item 'Plant closures & associated costs and other asset write-downs' within the same ongoing restructuring program; $2M in Q3 2025 and $12M YTD (YTD shown). No facility names or affected-employee counts disclosed. | ||||
| 2025-09-30 | other | in_progress | 5,000 | 2025-12-31 | United States | U.S. manufacturing | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Planned hiring, not a separation: company states it is investing $1B in U.S. manufacturing in 2025 and hiring 5,000 U.S. workers. Count represents planned hires, not employees affected by a reduction; no announcement date given. | |||
| 2025-09-30 | restructuring | in_progress | 2022-10-01 | Global | Corporate & Other | USD 22 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Ongoing exit activities announced in Q4 2022 reflecting lower shared-service and footprint needs post-spin-offs. Q3 2025 charges: $22M (Workforce reductions: $20M, Plant closures: $2M). | |||
| 2025-09-30 | restructuring | in_progress | 2022-10-01 | Global | Corporate & Other | USD 51 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Ongoing exit activities announced in Q4 2022. YTD 2025 charges: $51M (Workforce reductions: $39M, Plant closures: $12M). | |||
| 2025-06-30 | restructuring | in_progress | 2022-10-01 | Corporate & Other | USD 27 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Charges primarily related to exit activities announced in Q4 2022, reflecting lower Corporate & Other shared-service and footprint needs as a result of the GE HealthCare and GE Vernova spin-offs. Includes workforce reductions and plant closures. | ||||
| 2025-06-30 | restructuring | in_progress | 2022-10-01 | Corporate & Other | USD 29 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | YTD charges for ongoing programs primarily related to exit activities announced in Q4 2022. | ||||
| 2025-03-31 | restructuring | in_progress | 2022 | Corporate & Other | USD 2 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Ongoing exit activities from Q4 2022 spin-off-related footprint/shared-service reductions; Q1 2025 charges $2M with $39M cash expenditures; restructuring liability $218M at 2025-03-31; no employee-affected count disclosed | ||||
| 2025-03-31 | other | announced | 5,000 | United States | Manufacturing | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Forward-looking plan to hire 5,000 U.S. workers alongside $1B U.S. manufacturing investment during 2025; no announcement date or completion date stated | ||||
| 2025-03-31 | restructuring | in_progress | 2022-10-01 | Corporate & Other | USD 2 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Ongoing programs primarily related to exit activities announced in Q4 2022, reflecting lower Corporate & Other shared-service and footprint needs as a result of the GE HealthCare and GE Vernova spin-offs. Includes workforce reductions and plant closures. Cash expenditures were $39 million. | ||||
| 2025-03-31 | restructuring | in_progress | 2021-11-01 | Corporate & Other | USD 51 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Separation costs related to the plan to form three industry-leading global public companies (aerospace, healthcare, energy). Includes employee costs, professional fees, and IT systems transition. Cash expenditures were $76 million. | ||||
| 2024-12-31 | divestiture_reduction | completed | 2022-11-07 | 2024-04-02 | Global | GE Vernova (energy business) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Tax-free spin-off of GE Vernova completed 2024-04-02; headcount removed through the separation not disclosed | |||
| 2024-12-31 | restructuring | in_progress | Global | Corporate & Other / enterprise | USD 107 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | FY2024 charge only; employees affected not disclosed. Programs relate largely to post-separation shared-service and footprint needs | ||||
| 2024-12-31 | plant_closure | in_progress | Not disclosed | Not disclosed | USD 74 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | FY2024 charge combines plant closure costs and asset write-downs; specific facilities and headcount not disclosed | ||||
| 2024-12-31 | restructuring | completed | USD 525 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Total restructuring and other charges of $525 million for the year ended Dec 31, 2024. Includes $107 million for workforce reductions and $74 million for plant closures. Specific employee counts for these reductions are not disclosed in the footnote or MD&A. | ||||||
| 2024-09-30 | restructuring | in_progress | 2022-10-01 | Global | Corporate & Other shared services | USD 546 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Ongoing exit program announced in Q4 2022 (exact announcement date not disclosed) driven by lower shared-service and footprint needs after the GE HealthCare and GE Vernova spin-offs. Charge shown is nine-months-ended total restructuring and other charges ($546M), which includes workforce reductions of $110M and plant closures/asset write-downs of $70M YTD, plus $363M YTD of Sjunde AP-Fonden shareholder lawsuit settlement costs (non-workforce). No employee counts, completion dates, or headcount impacts disclosed; restructuring liability was $258M at 2024-09-30. | |||
| 2024-09-30 | divestiture_reduction | completed | 2024-04-02 | Global | GE Vernova (energy business) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Spin-off of GE Vernova completed 2024-04-02 (within year-to-date period, prior to Q3); GE Aerospace contributed $515M cash at separation. No headcount removed through the separation was disclosed. | ||||
| 2024-09-30 | divestiture_reduction | completed | 2024-09-30 | Global | Non-core licensing business | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale to Dolby Laboratories completed during the third quarter of 2024 for $441M cash proceeds (exact closing date not disclosed; quarter-end used as placeholder). GE Aerospace retained core aerospace/defense IP and GE trademarks. No associated headcount disclosed. | ||||
| 2024-09-30 | restructuring | in_progress | 2022-10-01 | Corporate & Other | USD 376 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Includes $328 million for settlement of Sjunde AP-Fonden shareholder lawsuit. Program announced Q4 2022 reflecting lower shared-service needs post-spin-offs. Employee count not disclosed. | ||||
| 2024-09-30 | restructuring | in_progress | 2022-10-01 | Corporate & Other | USD 546 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | YTD charge includes $363 million for settlement of Sjunde AP-Fonden shareholder lawsuit. Employee count not disclosed. | ||||
| 2024-09-30 | other | in_progress | United States | Commercial Engines & Services | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Ongoing strike at The Boeing Company. Impacts to revenues, earnings and cash flows for the period have not been significant. | |||||
| 2024-06-30 | restructuring | in_progress | 2022-10-01 | Corporate & Other | USD 84 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program announced Q4 2022; Q2 2024 charges include $81M income from a severance estimate change tied to the GE Vernova separation. No employee counts disclosed. | ||||
| 2024-06-30 | divestiture_reduction | completed | 2024-04-02 | 2024-04-02 | GE Vernova (discontinued operations) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | GE Vernova spin-off completed April 2, 2024; headcount removed not disclosed. | ||||
| 2024-06-30 | divestiture_reduction | completed | 2024-06-30 | Electric Insurance Company (captive insurance subsidiary) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale to Riverstone International Holdings completed in Q2 2024 for $120M cash proceeds; headcount removed not disclosed. | |||||
| 2024-06-30 | divestiture_reduction | announced | 2024-06-30 | 2024-12-31 | Non-core licensing business | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Binding agreement signed in Q2 2024 to sell to Dolby Laboratories for $429M; expected to close in 2H 2024; headcount removed not disclosed. | ||||
| 2024-06-30 | restructuring | in_progress | 2022-10-01 | Global | Corporate & Other | USD 77 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Q2 2024 charges of $77M include $42M workforce reductions, $5M plant closures, and $36M acquisition/disposition net charges. Includes $81M income from change in estimate of post-employment severance benefit reserve related to GE Vernova separation. | |||
| 2024-06-30 | restructuring | in_progress | 2022-10-01 | Global | Corporate & Other | USD 147 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | YTD 2024 charges of $147M include $108M workforce reductions, $24M plant closures, and $38M acquisition/disposition net charges. Related to program announced in Q4 2022 reflecting lower shared-service and footprint needs post-spin-offs. | |||
| 2024-06-30 | other | in_progress | 2024-04-02 | Global | Corporate & Other | USD 75 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Separation costs of $75M in Q2 2024 related to GE Vernova spin-off, including employee costs, professional fees, and IT systems transition. | |||
| 2024-06-30 | other | in_progress | 2024-04-02 | Global | Corporate & Other | USD 334 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Separation costs of $334M YTD 2024 related to GE Vernova spin-off, including employee costs, professional fees, and IT systems transition. | |||
| 2024-03-31 | divestiture_reduction | completed | 2024-04-02 | 2024-04-02 | Global | Power, Renewable Energy, Digital (GE Vernova) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | GE Vernova spin-off completed 2024-04-02; headcount transferred not disclosed. Separation costs of $355M pre-tax incurred in Q1 2024 (Note 20). | |||
| 2024-03-31 | restructuring | in_progress | Global | Corporate, Renewable Energy, Power, Aerospace | USD 233 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q1 2024 restructuring charges of $233M including workforce reductions of $141M; employee counts not disclosed. Includes exit activities from 2022 programs and Renewable Energy footprint simplification. | ||||
| 2024-03-31 | restructuring | in_progress | 2022-10-01 | Global | Corporate, Renewable Energy, Power | USD 233 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Charges relate to programs announced in 2022, including lower Corporate shared-service needs post-GE HealthCare spin-off, and selectivity strategies at Renewable Energy and Power. Employee count not disclosed for Q1 2024 activity. | |||
| 2024-03-31 | restructuring | in_progress | 2021-11-01 | Global | Corporate | USD 355 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Separation costs related to the plan to form three industry-leading public companies. Includes employee costs, professional fees, and IT systems. Employee count not disclosed. | |||
| 2024-03-31 | restructuring | in_progress | USD 108,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2023-12-31 | restructuring | in_progress | 2022-10 | Corporate (shared services and footprint) | USD 290 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | 2023 charges for exit activities under the program announced in October 2022, reflecting lower Corporate shared-service and footprint needs after the GE HealthCare spin-off. Company-wide 2023 restructuring and other charges totaled $706M ($392M workforce reductions; $258M plant closures and asset write-downs; $56M acquisition/disposition and other); 2023 restructuring cash expenditures were $508M; $303M of charges were non-cash impairments/accelerated depreciation excluded from the restructuring liability roll-forward. No affected-employee counts disclosed. | ||||
| 2023-12-31 | restructuring | in_progress | 2022-10 | Renewable Energy | USD 296 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Exit activities at businesses planned to be part of GE Vernova, primarily Renewable Energy, under the selectivity strategy to operate in fewer markets and reduce product variants. Part of $706M company-wide 2023 charges; no affected-employee counts disclosed. | ||||
| 2023-12-31 | restructuring | in_progress | 2023-07 | Power | USD 107 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Program was expanded during Q3 2023 to include consolidation of the global footprint and related resources at Power. Part of $706M company-wide 2023 charges; no affected-employee counts disclosed. | ||||
| 2023-12-31 | restructuring | in_progress | 2022-10 | Aerospace | USD 13 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Charges attributed to Aerospace in the by-business charge table; the narrative primarily cites the 2022-announced programs and the Q3 2023 Power expansion. Part of $706M company-wide 2023 charges; no affected-employee counts disclosed. | ||||
| 2023-12-31 | divestiture_reduction | completed | 2021-11 | 2023-01-03 | Global | HealthCare | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Tax-free spin-off of GE HealthCare completed January 3, 2023 via pro-rata distribution of approximately 80.1% of GE HealthCare shares; HealthCare workforce moved to discontinued operations. Transferred employee headcount not quantified in the filing; approximately $4.2B of net postretirement benefit plan liabilities also transferred. | |||
| 2023-12-31 | acquisition_addition | completed | 2023-04 | Power (Gas Power) | USD 0 (billions) | MD&A f5-10k / GLM-5.3-flash-HTML | Acquired during Q2 2023; aftermarket control system upgrades and controls field services business. $0.3B consideration per MD&A; acquired headcount not disclosed. | ||||
| 2023-12-31 | divestiture_reduction | in_progress | 2022-10 | Power (Steam Power) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Binding agreement signed in Q4 2022 (non-binding MOU in Q1 2022) to sell a portion of the Steam business to Électricité de France; pending regulatory approvals and other closing conditions, with a significant gain expected. Business classified as held for sale; affected headcount not disclosed. | |||||
| 2023-12-31 | restructuring | in_progress | Global | Aerospace | USD 13 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | FY2023 restructuring and other charges for Aerospace; employee counts not disclosed; program announced in 2022 | ||||
| 2023-12-31 | restructuring | in_progress | Global | Renewable Energy | USD 296 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | FY2023 charges reflect selectivity strategy: fewer markets and simplified product variants; employee counts not disclosed | ||||
| 2023-12-31 | restructuring | in_progress | Global | Power | USD 107 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | FY2023 charges; plan expanded in Q3 2023 to consolidate global footprint and related resources at Power; employee counts not disclosed | ||||
| 2023-12-31 | restructuring | in_progress | Global | Corporate | USD 290 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | FY2023 charges relate to lower shared-service and footprint needs following the GE HealthCare spin-off; employee counts not disclosed | ||||
| 2023-12-31 | acquisition_addition | completed | Global | Power (Gas Power) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Gas Power acquired Nexus Controls in Q2 2023 (controls upgrades and field services); purchase price ~$0.3B; headcount added not disclosed | |||||
| 2023-12-31 | divestiture_reduction | completed | 2023-01-03 | Global | HealthCare (discontinued operations) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Spin-off of GE HealthCare completed January 3, 2023 (approximately 80.1% of shares distributed); headcount removed not disclosed | ||||
| 2023-12-31 | divestiture_reduction | announced | United States | Corporate (Electric Insurance Company) | USD 109 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Binding agreement signed in Q3 2023 to sell captive industrial insurance subsidiary; expected to close in H1 2024 subject to regulatory approval; $109M pre-tax loss recorded; headcount not disclosed | ||||
| 2023-12-31 | divestiture_reduction | announced | Global | Power (Steam Power nuclear activities) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Binding agreement signed in Q4 2022 to sell a portion of Steam business to EDF; still pending regulatory approvals at fiscal year-end; headcount not disclosed | |||||
| 2023-12-31 | restructuring | in_progress | 2022-10-01 | Global | Corporate, Renewable Energy, Power | USD 706 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Total restructuring and other charges of $706 million for 2023. Includes exit activities related to programs announced in 2022, reflecting lower Corporate shared-service and footprint needs post-HealthCare spin-off, and selectivity strategy at Renewable Energy. Expanded in Q3 2023 to include Power business footprint consolidation. Employee count not explicitly disclosed in footnote. | |||
| 2023-12-31 | restructuring | in_progress | 2023-01-01 | Global | Aerospace, Renewable Energy, Power, Corporate | USD 392 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Workforce reductions component of restructuring charges totaled $392 million in 2023. Specific headcount not disclosed. | |||
| 2023-12-31 | restructuring | in_progress | USD 403,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | |||||||
| 2023-09-30 | restructuring | in_progress | Global | Corporate; Renewable Energy; Power | USD 153 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Consolidated program: exit activities from 2022-announced programs (Corporate shared-service/footprint reductions tied to the GE HealthCare spin-off, Renewable Energy market selectivity and product-variant simplification), expanded in Q3 2023 to consolidate Power's global footprint. Q3 2023 charges of $153M (incl. $67M workforce-reduction charges; $89M cash outflows in Q3, $382M YTD). No employee counts or completion dates disclosed. | ||||
| 2023-09-30 | divestiture_reduction | in_progress | 2023-07-01 | 2024-06-30 | United States | Corporate — Electric Insurance Company (captive industrial insurance) | USD 109 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Binding sale agreement signed in Q3 2023 for held-for-sale captive insurer (assets $533M, liabilities $351M at 2023-09-30); $109M loss recorded in Other income (loss) for the nine months ended 2023-09-30; expected close in first half of 2024. No headcount disclosed. | ||
| 2023-09-30 | divestiture_reduction | in_progress | 2022-01-01 | 2023-12-31 | Global | Power — Steam Power nuclear activities sold to EDF | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Binding agreement signed in Q4 2022; sale expected to close in Q4 2023 subject to regulatory approvals; closing expected to result in a significant gain. No headcount disclosed. | |||
| 2023-09-30 | restructuring | in_progress | 2022-10-01 | Global | Corporate, Renewable Energy, Power | USD 153 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Q3 2023 charges of $153M related to exit activities from 2022 restructuring programs, including footprint consolidation and product variant simplification. Employee count not disclosed. | |||
| 2023-09-30 | restructuring | in_progress | 2022-10-01 | Global | Corporate, Renewable Energy, Power | USD 458 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | YTD 2023 charges of $458M related to exit activities from 2022 restructuring programs. Employee count not disclosed. | |||
| 2023-09-30 | restructuring | in_progress | USD 67,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2023-06-30 | restructuring | in_progress | 2022-10-01 | Global | Corporate shared services | USD 46 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q2 2023 charge of $46M at Corporate; program announced Q4 2022 reflects lower shared-service and footprint needs after the GE HealthCare spin-off. No employee count disclosed. | |||
| 2023-06-30 | restructuring | in_progress | 2022-10-01 | Global | Renewable Energy | USD 76 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q2 2023 charge of $76M; program announced Q4 2022 for businesses planned to be part of GE Vernova, reflecting selectivity strategy and product-variant simplification at Renewable Energy. No employee count disclosed. | |||
| 2023-06-30 | restructuring | in_progress | 2022-10-01 | Global | Power | USD 19 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q2 2023 charge of $19M at Power. No employee count disclosed. | |||
| 2023-06-30 | restructuring | in_progress | 2022-10-01 | Global | Aerospace | USD 4 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q2 2023 charge of $4M at Aerospace. No employee count disclosed. | |||
| 2023-06-30 | divestiture_reduction | completed | 2021-11-01 | 2023-01-03 | Global | HealthCare (discontinued operations) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | GE HealthCare spin-off completed January 3, 2023; workforce moved to discontinued operations. No employee count disclosed. | |||
| 2023-06-30 | plant_closure | in_progress | 2022-10-01 | Global | Renewable Energy — Onshore Wind | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | MD&A states Onshore Wind is operating in fewer markets and undertaking a restructuring program to reduce operating costs; no facility closures or employee counts quantified. | ||||
| 2023-06-30 | restructuring | in_progress | 2022-10-01 | Global | Corporate; Renewable Energy | USD 144 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Q3 2023 charges of $144M related to Q4 2022 announced programs. Includes exit activities for lower Corporate shared-service needs post-HealthCare spin-off and Renewable Energy selectivity strategy. Employee count not disclosed. | |||
| 2023-06-30 | restructuring | in_progress | 2022-10-01 | Global | Corporate; Renewable Energy | USD 305 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | YTD 2023 charges of $305M related to Q4 2022 announced programs. Includes exit activities for lower Corporate shared-service needs post-HealthCare spin-off and Renewable Energy selectivity strategy. Employee count not disclosed. | |||
| 2023-06-30 | restructuring | in_progress | USD 85,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2023-03-31 | restructuring | in_progress | 2022-10-01 | Global | Corporate | USD 72 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q1 2023 Corporate restructuring charges of $72M tied to a program announced in Q4 2022 reducing shared-service and footprint needs after the GE HealthCare spin-off; no employee count disclosed. | |||
| 2023-03-31 | restructuring | in_progress | 2022-10-01 | Global | Renewable Energy | USD 65 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q1 2023 Renewable Energy restructuring charges of $65M under a Q4 2022 program to reduce markets and simplify product variants; no employee count disclosed. | |||
| 2023-03-31 | restructuring | in_progress | 2022-10-01 | Global | Power | USD 19 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q1 2023 Power restructuring charges of $19M; no employee count disclosed. | |||
| 2023-03-31 | restructuring | in_progress | 2022-10-01 | Global | Aerospace | USD 4 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q1 2023 Aerospace restructuring charges of $4M; no employee count disclosed. | |||
| 2023-03-31 | divestiture_reduction | completed | 2021-11-09 | 2023-01-03 | Global | HealthCare (discontinued operations) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | GE HealthCare spin-off completed January 3, 2023; workforce moved with the spun-off entity. No headcount figure disclosed. | |||
| 2023-03-31 | other | announced | 2023-04-03 | Global | Power — Gas Power | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Gas Power acquired Nexus Controls on April 3, 2023 (post-quarter); acquisition-related headcount addition not quantified. | ||||
| 2023-03-31 | restructuring | in_progress | 2022-10-01 | Global | Corporate; Renewable Energy | USD 161 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Program announced in Q4 2022. Q1 2023 charges of $161M include $72M Corporate and $65M Renewable Energy. Includes workforce reductions ($66M) and plant closures/asset write-downs ($82M). Employee count not disclosed. | |||
| 2023-03-31 | restructuring | in_progress | 2022-10-01 | Global | Power | USD 19 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Part of broader restructuring program. Q1 2023 charges of $19M. Employee count not disclosed. | |||
| 2023-03-31 | restructuring | in_progress | 2022-10-01 | Global | Aerospace | USD 4 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Part of broader restructuring program. Q1 2023 charges of $4M. Employee count not disclosed. | |||
| 2023-03-31 | restructuring | in_progress | USD 86,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2022-12-31 | divestiture_reduction | completed | 49,000 | 2021-11 | 2023-01-03 | Global (GE HealthCare operations) | HealthCare | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Tax-free spin-off completed January 3, 2023 (GE distributed ~80.1% of GE HealthCare shares and retained ~19.9%); completion date is actual, not expected. Approximately 49,000 full-time employees formerly in the HealthCare segment became GE HealthCare employees. 2022 separation costs of $973 million pre-tax related to the broader three-way separation plan. | ||
| 2022-12-31 | restructuring | in_progress | 2022-10 | Corporate (shared services and footprint) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Q4 2022 program to reduce Corporate shared-service and footprint needs as GE HealthCare prepared for independence. 2022 Corporate-segment restructuring and other charges were $494 million (primarily this program); Aerospace ($20 million) and HealthCare ($148 million) segment charges were not attributed to a named program. Total 2022 charges were $993 million ($416 million primarily non-cash impairment/accelerated depreciation; $578 million primarily workforce-reduction and contract charges), with $492 million of cash outflows, primarily severance. Affected-employee count not disclosed. | |||||
| 2022-12-31 | restructuring | in_progress | 2022-10 | GE Vernova businesses (Renewable Energy, Power, Digital, Energy Financial Services); primarily Renewable Energy product variants | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Plan announced October 2022 across businesses planned to be part of GE Vernova, reflecting a selectivity strategy to operate in fewer markets and simplify/standardize product variants, primarily at Renewable Energy. 2022 restructuring charges included $177 million at Renewable Energy and $155 million at Power; a program-specific charge split is not disclosed. Affected-employee count not disclosed. | |||||
| 2022-12-31 | divestiture_reduction | announced | 2022 | 2023 | Power — Steam Power (portion of business) | USD 824 (millions) | other f5-10k / GLM-5.3-flash-HTML | Non-binding memorandum of understanding with Électricité de France signed in Q1 2022 (portion of Steam Power reclassified to held for sale; $824 million pre-tax impairment of related PP&E and intangible assets); binding agreement signed in Q4 2022. Sale expected to close in the second half of 2023, subject to regulatory approval. Employee count not disclosed. | |||
| 2022-12-31 | restructuring | in_progress | 2022-10 | Global | Corporate; Renewable Energy; Power (GE Vernova businesses) | USD 993 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Consolidated full-year 2022 restructuring and other charges; employee counts not disclosed. Includes a Q4 2022 Corporate program reducing shared-service and footprint needs ahead of the GE HealthCare separation and an October 2022 program across GE Vernova businesses reflecting a selectivity strategy at Renewable Energy. Components: $348M workforce reductions, $615M plant closures/asset write-downs, $30M acquisition/disposition charges; $492M cash outflows. Segment charges: Aerospace $20M, Renewable Energy $177M, Power $155M, HealthCare $148M, Corporate $494M. Separation costs of $973M are recorded separately. | |||
| 2022-12-31 | divestiture_reduction | completed | 49,000 | 2021-11 | 2023-01-03 | Global | HealthCare | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Spin-off of GE HealthCare completed 2023-01-03 (after fiscal year-end, before filing). Approximately 49,000 full-time employees formerly in the HealthCare segment became GE HealthCare employees; GE distributed approximately 80.1% of GE HealthCare shares and retained approximately 19.9%. Historical HealthCare results reported as discontinued operations beginning Q1 2023. | ||
| 2022-12-31 | divestiture_reduction | announced | 2022-03 | 2023-06-30 | Global | Power — Steam Power | USD 824 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Non-binding MOU signed Q1 2022 to sell a portion of Steam Power to Électricité de France S.A.; binding agreement signed Q4 2022, expected to close in second half of 2023 subject to regulatory approval. Business reclassified to held for sale in Q1 2022, triggering an $824M non-cash impairment ($59M property, plant and equipment; $765M intangibles). Affected employee count not disclosed; closing expected to result in a significant gain. | ||
| 2022-12-31 | acquisition_addition | announced | 2022-06 | 2023-06-30 | Global | Power — Gas Power | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Gas Power announced intent to acquire Nexus Controls (aftermarket control system upgrades and controls field services) in Q2 2022; expected to close Q2 2023 subject to customary closing conditions. Headcount to be added not disclosed. | |||
| 2022-12-31 | restructuring | completed | 2022-10-01 | Global | Renewable Energy | USD 177 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Program announced in October 2022 to reduce fixed cost, reflecting selectivity strategy to operate in fewer markets and simplify product variants. Charge includes workforce reductions and plant closures. | |||
| 2022-12-31 | restructuring | completed | 2022-10-01 | Global | Corporate | USD 494 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Exit activities related to restructuring program announced in Q4 reflecting lower Corporate shared-service and footprint needs as GE HealthCare prepared to become independent. | |||
| 2022-12-31 | restructuring | completed | 2022-01-01 | Global | Aerospace | USD 20 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Restructuring charges incurred during the year. | |||
| 2022-12-31 | restructuring | completed | 2022-01-01 | Global | Power | USD 155 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Restructuring charges incurred during the year. | |||
| 2022-12-31 | restructuring | completed | 2022-01-01 | Global | HealthCare | USD 148 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Restructuring charges incurred during the year. | |||
| 2022-12-31 | divestiture_reduction | completed | 49,000 | 2021-11-01 | 2023-01-03 | Global | HealthCare | USD 973 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Spin-off of GE HealthCare completed on January 3, 2023. Approximately 49,000 full-time employees formerly associated with HealthCare segment became employees of GE HealthCare. Separation costs of $973 million incurred in 2022. | |
| 2022-12-31 | restructuring | in_progress | USD 578,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | |||||||
| 2022-09-30 | restructuring | announced | 2022-07-01 | 2023-06-30 | Global | GE Vernova (Renewable Energy and Power) | USD 600 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Announced in Q3 2022; multi-year program reflecting selectivity strategy and product simplification at Renewable Energy. Majority of cost expected in H1 2023. No employee count disclosed. | ||
| 2022-09-30 | restructuring | announced | 2022-10-01 | 2022-12-31 | Global | Corporate shared services (in connection with GE HealthCare spin-off) | USD 700 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Announced October 2022 (subsequent to quarter end); reflects lower Corporate shared-service and footprint needs as GE HealthCare becomes independent. Majority of multi-year cost expected in Q4 2022. No employee count disclosed. | ||
| 2022-09-30 | restructuring | announced | 2022-09-30 | 2023-06-30 | Global | Renewable Energy, Power | USD 1 (billions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Announced in Q3 2022 for businesses planned to be part of GE Vernova. Estimated cost $0.6 billion, majority recognized in H1 2023. Reflects selectivity strategy to operate in fewer markets and simplify product variants. | ||
| 2022-09-30 | restructuring | announced | 2022-10-01 | 2022-12-31 | Global | Corporate | USD 1 (billions) | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Announced in October 2022 to reflect lower Corporate shared-service and footprint needs as GE HealthCare becomes independent. Estimated cost $0.7 billion, majority recognized in Q4 2022. | ||
| 2022-09-30 | restructuring | in_progress | USD 227,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2022-06-30 | restructuring | in_progress | Global | Aerospace, HealthCare, Renewable Energy, Power, Corporate | USD 55 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Total restructuring and other charges of $55 million for Q2 2022, including $14 million for workforce reductions. Employee count not disclosed. | ||||
| 2022-06-30 | restructuring | in_progress | Global | Aerospace, HealthCare, Renewable Energy, Power, Corporate | USD 116 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Total restructuring and other charges of $116 million for YTD 2022, including $37 million for workforce reductions. Employee count not disclosed. | ||||
| 2022-06-30 | restructuring | in_progress | 2021-11-01 | Global | Corporate | USD 207 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Separation costs of $207 million for Q2 2022 related to the planned separation into three public companies. Includes employee costs and professional fees. | |||
| 2022-06-30 | restructuring | in_progress | 2021-11-01 | Global | Corporate | USD 327 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Separation costs of $327 million for YTD 2022 related to the planned separation into three public companies. Includes employee costs and professional fees. | |||
| 2022-06-30 | restructuring | in_progress | USD 207,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2022-03-31 | restructuring | in_progress | Global | Aviation, Healthcare, Renewable Energy, Power, Corporate | USD 61 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q1 2022 restructuring charges of $61M, including $23M workforce reductions; no employee counts disclosed. Restructuring liabilities ~$0.9B at quarter-end. | ||||
| 2022-03-31 | restructuring | in_progress | Global | Corporate (business separation) | USD 119 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Separation costs of $119M pre-tax in Q1 2022 related to planned three-way spin-off; ~$2B expected over two years. No employee counts disclosed. | ||||
| 2022-03-31 | plant_closure | in_progress | 2023-06-30 | Global | Power (Steam Power) | USD 824 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Non-binding MOU to sell portion of Steam Power to EDF; $824M non-cash impairment ($765M intangibles, $59M PP&E). No employee counts disclosed. | |||
| 2022-03-31 | restructuring | in_progress | Global | Aviation, Healthcare, Renewable Energy, Power, Corporate | USD 61 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Total restructuring and other charges of $61 million for Q1 2022, including $23 million for workforce reductions. Employee count affected is not disclosed. | ||||
| 2022-03-31 | restructuring | in_progress | Global | Corporate | USD 119 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Pre-tax separation costs of $119 million related to business separation and employee costs associated with the plan to form three public companies. | ||||
| 2022-03-31 | restructuring | in_progress | USD 119,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2021-12-31 | restructuring | in_progress | All segments (Aviation, Healthcare, Renewable Energy, Power, Corporate) | USD 695 (millions) | MD&A f5-10k / GLM-5.3-flash-HTML | FY2021 workforce-reduction charges under ongoing restructuring programs; no employee counts disclosed. Total FY2021 restructuring and other charges of $819M were split by segment: Aviation $70M, Healthcare $155M, Renewable Energy $204M, Power $369M, Corporate $20M. Cash expenditures for restructuring were $781M in FY2021. Year-end restructuring liabilities were approximately $1.0B, including $0.5B of actuarially determined post-employment severance benefits. | |||||
| 2021-12-31 | plant_closure | in_progress | All segments | USD 145 (millions) | MD&A f5-10k / GLM-5.3-flash-HTML | FY2021 charge for plant closures, associated costs and other asset write-downs; no headcount or facility counts disclosed. A $(21)M credit for acquisition/disposition net charges and other, together with the $695M workforce-reduction charge and this $145M, comprised the $819M total restructuring and other charges for the year. | |||||
| 2021-12-31 | divestiture_reduction | announced | 2022-02-10 | 2023-06-30 | Global (buyer is Électricité de France S.A.) | Power — GE Steam Power (portion of business) | subsequent_events f5-10k / GLM-5.3-flash-HTML | Non-binding memorandum of understanding signed to sell a portion of GE Steam Power to EDF; business to be reclassified as held for sale in Q1 2022 with an expected non-cash pre-tax impairment charge of approximately $0.7–$0.8 billion (range disclosed; no single figure stated). Closing expected in the first half of 2023 and anticipated to result in a significant gain. No employee counts disclosed. | |||
| 2021-12-31 | restructuring | in_progress | Global | Aviation, Healthcare, Renewable Energy, Power, Corporate | USD 819 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | FY2021 charges of $819M (workforce reductions $695M; plant closures/asset write-downs $145M; acquisition/disposition net charges $(21)M), cash expenditures $781M. By segment: Power $369M, Renewable Energy $204M, Healthcare $155M, Aviation $70M, Corporate $20M. Employees affected not disclosed; headcount decline from 174,000 to 168,000 attributed primarily to restructuring. Restructuring liabilities ~$1.0B at year-end, incl. ~$0.5B post-employment severance benefits. | ||||
| 2021-12-31 | acquisition_addition | completed | 2021-12-21 | Global | Healthcare | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of BK Medical (surgical ultrasound imaging) completed 2021-12-21 for $1,455M cash; goodwill ~$1,020M. Headcount added not disclosed. | ||||
| 2021-12-31 | divestiture_reduction | completed | 2021-11-01 | Global | GE Capital Aviation Services (GECAS) — discontinued operations | USD 3,882 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | GECAS combined with AerCap Holdings N.V. on 2021-11-01; consideration included $22,583M cash, 111.5M AerCap shares (~46% interest) and a $1,000M senior note. Charge shown is the non-cash after-tax loss on disposal recorded in discontinued operations, not severance. Employees removed not disclosed. | |||
| 2021-12-31 | divestiture_reduction | completed | 2021-12-01 | China | Power | USD 170 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale completed 2021-12-01; pre-tax loss of $170M recorded in Other income. Employees removed not disclosed. | |||
| 2021-12-31 | divestiture_reduction | announced | 2022-02-10 | 2023-06-30 | Global | Power — GE Steam Power | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Non-binding MOU signed 2022-02-10 to sell a portion of GE Steam Power to Électricité de France S.A.; business to be classified held for sale in Q1 2022 with a non-cash pre-tax impairment of approximately $0.7–$0.8B on remaining intangible and fixed assets. Expected closing in first half of 2023. Employees affected not disclosed. | |||
| 2021-12-31 | divestiture_reduction | announced | 2021-11-09 | 2023-01-01 | Global | Healthcare (spin-off) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | GE announced plan (November 2021) to pursue a tax-free spin-off of Healthcare in early 2023, retaining a 19.9% stake; employees to be transferred to the new company. Employees affected not disclosed. Announcement date stated only as month/year. | |||
| 2021-12-31 | divestiture_reduction | announced | 2021-11-09 | 2024-01-01 | Global | Renewable Energy, Power and Digital (combined spin-off) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | GE announced plan (November 2021) for a tax-free spin-off of the combined Renewable Energy, Power and Digital businesses in early 2024; employees to transfer to the new company. Employees affected not disclosed. Announcement date stated only as month/year. | |||
| 2021-12-31 | restructuring | completed | Global | All Segments | USD 819 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Total restructuring and other charges of $819 million for the year ended Dec 31, 2021. Includes workforce reductions ($695M), plant closures ($145M). Headcount impact not explicitly disclosed in aggregate, but total employees decreased from 174,000 to 168,000 primarily due to restructuring. | ||||
| 2021-09-30 | restructuring | in_progress | Aviation | USD 64 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Nine months ended 2021-09-30 restructuring and other charges; no employee counts disclosed. | |||||
| 2021-09-30 | restructuring | in_progress | Healthcare | USD 127 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Nine months ended 2021-09-30 restructuring and other charges; no employee counts disclosed. | |||||
| 2021-09-30 | restructuring | in_progress | Renewable Energy | USD 149 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Nine months ended 2021-09-30 restructuring and other charges; no employee counts disclosed. | |||||
| 2021-09-30 | restructuring | in_progress | Power | USD 341 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Nine months ended 2021-09-30 charges, primarily related to exit from new build coal power market; no employee counts disclosed. | |||||
| 2021-09-30 | restructuring | in_progress | Corporate | USD 39 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Nine months ended 2021-09-30 restructuring and other charges; no employee counts disclosed. | |||||
| 2021-09-30 | restructuring | in_progress | Capital | USD 16 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Nine months ended 2021-09-30 restructuring and other charges; no employee counts disclosed. | |||||
| 2021-09-30 | divestiture_reduction | announced | 2021-03-09 | 2021-11-01 | GE Capital Aviation Services (GECAS) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | GECAS combination with AerCap; more than 400 employees expected to transfer to AerCap. Non-cash after-tax loss of $3,638M recorded in discontinued operations. | ||||
| 2021-09-30 | divestiture_reduction | announced | 2021-09-30 | 2021-12-31 | China | Power — boiler manufacturing business | USD 172 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement signed in September 2021 to exit GE's share of boiler manufacturing business in China; $172M pre-tax and after-tax loss recorded. No employee count disclosed. | ||
| 2021-09-30 | restructuring | in_progress | Global | Aviation, Healthcare, Renewable Energy, Power, Corporate | USD 164 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Total restructuring and other charges of $164 million for Q3 2021. Includes workforce reductions ($132M), plant closures/asset write-downs ($23M), and acquisition/disposition charges ($9M). Employee count not disclosed. | ||||
| 2021-09-30 | restructuring | in_progress | Global | Aviation, Healthcare, Renewable Energy, Power, Corporate | USD 736 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Total restructuring and other charges of $736 million for the nine months ended Sept 30, 2021. Includes workforce reductions ($634M), plant closures/asset write-downs ($87M), and acquisition/disposition charges ($16M). Employee count not disclosed. | ||||
| 2021-06-30 | restructuring | in_progress | Global | Aviation | USD -2 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q2 2021 restructuring charge of $(2)M (net credit) for Aviation; YTD charge $61M. No employee count disclosed. | ||||
| 2021-06-30 | restructuring | in_progress | Global | Healthcare | USD 20 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q2 2021 restructuring charge of $20M for Healthcare; YTD charge $59M. No employee count disclosed. | ||||
| 2021-06-30 | restructuring | in_progress | Global | Renewable Energy | USD 59 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q2 2021 restructuring charge of $59M for Renewable Energy; YTD charge $135M. No employee count disclosed. | ||||
| 2021-06-30 | restructuring | in_progress | Global | Power | USD 227 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q2 2021 restructuring charge of $227M for Power, primarily related to exit from new build coal market; YTD charge $276M. No employee count disclosed. | ||||
| 2021-06-30 | restructuring | in_progress | Global | Corporate | USD 20 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q2 2021 restructuring charge of $20M for Corporate; YTD charge $30M. No employee count disclosed. | ||||
| 2021-06-30 | restructuring | in_progress | Global | Capital | USD 6 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q2 2021 restructuring charge of $6M for Capital; YTD charge $11M. No employee count disclosed. | ||||
| 2021-06-30 | divestiture_reduction | completed | Global | GECAS (discontinued operations) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | GECAS combination with AerCap announced 2021-03-09; GECAS' more than 400 employees expected to transfer to AerCap upon closing. Transaction pending regulatory approvals. | |||||
| 2021-06-30 | divestiture_reduction | completed | Global | Lighting (Corporate) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Lighting business sold in June 2020; results included in Corporate items through disposition. No headcount disclosed. | |||||
| 2021-06-30 | restructuring | in_progress | Global | Aviation | USD 61 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Includes workforce reductions, facility exit costs, and asset write-downs. Employee count not disclosed. | ||||
| 2021-06-30 | restructuring | in_progress | Global | Healthcare | USD 59 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Includes workforce reductions, facility exit costs, and asset write-downs. Employee count not disclosed. | ||||
| 2021-06-30 | restructuring | in_progress | Global | Renewable Energy | USD 135 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Includes workforce reductions, facility exit costs, and asset write-downs. Employee count not disclosed. | ||||
| 2021-06-30 | restructuring | in_progress | Global | Power | USD 276 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Includes workforce reductions, facility exit costs, and asset write-downs. Employee count not disclosed. | ||||
| 2021-06-30 | restructuring | in_progress | Global | Corporate | USD 30 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Includes workforce reductions, facility exit costs, and asset write-downs. Employee count not disclosed. | ||||
| 2021-03-31 | divestiture_reduction | announced | 400 | 2021-03-09 | Global | GE Capital Aviation Services (GECAS) | USD 2,755 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Non-cash after-tax loss of $2,755M recorded in discontinued operations on signing. Filer states GECAS has 'more than 400 employees' expected to transfer to AerCap; count is approximate. Transaction subject to AerCap shareholder and regulatory approvals. | ||
| 2021-03-31 | restructuring | in_progress | Global | Consolidated (Power, Renewable Energy, Aviation, Healthcare, Corporate, Capital) | USD 242 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q1 2021 restructuring and other charges of $242M, of which $211M related to workforce reductions. No employee counts disclosed. Restructuring liabilities ~$1.3B at quarter-end. Charges by segment: Power $49M, Renewable Energy $76M, Aviation $62M, Healthcare $39M, Corporate $11M, Capital $5M. | ||||
| 2021-03-31 | restructuring | in_progress | Global | Aviation | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Filer discloses Aviation reduced its total global workforce by approximately 25% since year-end 2019 in response to COVID-19. Cumulative narrative; no absolute headcount or quarterly count given. Business continues to monitor pace of demand recovery for further sizing. | |||||
| 2021-03-31 | restructuring | in_progress | Global | Corporate | USD 106 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Includes workforce reductions, facility exit costs, and asset write-downs. Employee count not disclosed. | ||||
| 2021-03-31 | restructuring | in_progress | Global | Power | USD 49 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Includes workforce reductions and plant closures. Employee count not disclosed. | ||||
| 2021-03-31 | restructuring | in_progress | Global | Renewable Energy | USD 76 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Includes workforce reductions and plant closures. Employee count not disclosed. | ||||
| 2021-03-31 | restructuring | in_progress | Global | Aviation | USD 62 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Includes workforce reductions and plant closures. Employee count not disclosed. | ||||
| 2021-03-31 | restructuring | in_progress | Global | Healthcare | USD 39 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Includes workforce reductions and plant closures. Employee count not disclosed. | ||||
| 2021-03-31 | restructuring | in_progress | Global | Capital | USD 5 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Includes workforce reductions and plant closures. Employee count not disclosed. | ||||
| 2021-03-31 | restructuring | in_progress | Global | Aviation | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Reduction of approximately 25% of total global workforce since year-end 2019. Specific Q1 headcount reduction not disclosed. | |||||
| 2020-12-31 | restructuring | completed | 11,000 | 25% | Global | Aviation | USD 397 (millions) | MD&A f5-10k / GLM-5.3-flash-HTML | Headcount reduction of over 11,000 employees during 2020, approximately 25% of Aviation's total global workforce, executed alongside cost reduction and cash preservation actions in response to COVID-19 demand declines. Aviation's 2020 restructuring and other charges of $397 million per the restructuring footnote; actions taken during the year, with further initiatives planned for 2021. | ||
| 2020-12-31 | restructuring | completed | Global | All segments and Corporate | USD 1,254 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Total 2020 restructuring and other charges across the company (workforce reductions component of $856 million of the charges). Item 1 attributes the year-over-year headcount decline from ~205,000 to ~174,000 primarily to restructuring and business exits; Aviation's 11,000+ reduction is captured as a separate record. Restructuring cash expenditures of $1,175 million in 2020; the filer expects to undertake further restructuring actions. | ||||
| 2020-12-31 | divestiture_reduction | completed | 2020-03-31 | Healthcare — BioPharma | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Sale of the BioPharma business to Danaher Corporation completed March 31, 2020 for total consideration of $21,112 million ($20,695 million cash plus assumed pension liabilities), generating a pre-tax gain of $12,362 million. Number of employees transferred with the business not disclosed. | |||||
| 2020-12-31 | divestiture_reduction | completed | 2020-06 | Corporate items and eliminations — Lighting | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Remaining Lighting business disposition completed in the second quarter of 2020 (June 2020 per MD&A); Lighting results were included within Corporate items and eliminations through disposition. Affected headcount not disclosed. | |||||
| 2020-12-31 | restructuring | in_progress | 11,000 | 2020-01-01 | Global | Aviation | USD 397 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Aviation reduced approximately 25% of its total global workforce during 2020, a headcount reduction of over 11,000 employees, in response to COVID-19 demand declines. Charge shown is total 2020 restructuring and other charges for Aviation per restructuring table; not all attributable to this specific action. | ||
| 2020-12-31 | divestiture_reduction | completed | 2020-03-31 | 2020-03-31 | Global | Healthcare — BioPharma | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of BioPharma business to Danaher completed March 31, 2020 for $21.1 billion consideration; pre-tax gain of $12.4 billion recognized. Employee count transferred not disclosed. | |||
| 2020-12-31 | divestiture_reduction | completed | 2020-06-30 | 2020-06-30 | Global | Corporate — Lighting | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Remaining Lighting business sold in second quarter of 2020. Employee count transferred not disclosed. | |||
| 2020-12-31 | divestiture_reduction | completed | 2020-06-30 | 2020-06-30 | Global | Capital — PK AirFinance | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Remaining PK AirFinance business sold in first half of 2020. Employee count transferred not disclosed. | |||
| 2020-12-31 | restructuring | in_progress | 2020-01-01 | Global | Enterprise-wide | USD 1,254 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Total 2020 restructuring and other charges of $1,254 million, comprising workforce reductions $856 million, plant closures and asset write-downs $332 million, and acquisition/disposition net charges $66 million. Cash expenditures of $1,175 million. Restructuring liabilities of approximately $1.3 billion at year-end. Employee counts by segment not disclosed in footnote. | |||
| 2020-12-31 | restructuring | completed | 2020-01-01 | 2020-12-31 | Global | All Segments | USD 1,254 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Total restructuring and other charges of $1.3 billion for the year ended Dec 31, 2020. Includes workforce reductions, facility exits, and asset write-downs. Specific headcount affected not disclosed in aggregate, though Aviation noted headcount reduction of over 11,000 employees. | ||
| 2020-12-31 | reduction_in_force | completed | 11,000 | 2020-01-01 | 2020-12-31 | Global | Aviation | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Aviation realized more than $1 billion in operational cost reduction and $2 billion in cash preservation actions, including a headcount reduction of over 11,000 employees. | ||
| 2020-09-30 | restructuring | in_progress | 15,600 | Global | Consolidated (includes Aviation and Power) | USD 609 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Approximate consolidated headcount reduction over the nine months ended September 30, 2020, excluding business dispositions; MD&A states it includes about 8,800 at Aviation and 2,100 at Power (components do not sum to the stated total). Associated charge is the workforce reductions line of the restructuring table for the nine months ended 2020-09-30; scope may not exactly match the headcount figure. | |||
| 2020-09-30 | restructuring | in_progress | 25% | Global | Aviation | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program targets a permanent reduction of about 25% of Aviation's total global employee workforce (percent is of the Aviation segment workforce, not consolidated). About 70% of the actions completed through Q3 2020, including workforce reductions of about 20% of the segment workforce; targeted savings exceed $1 billion in cost and $2 billion in cash preservation in 2020. The 8,800 Aviation reductions reported within the 15,600 consolidated nine-month reduction likely reflect this program — overlap with the consolidated record above. | ||||
| 2020-09-30 | restructuring | in_progress | 15,600 | 2020-01-01 | Global | Consolidated (excluding business dispositions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | During the nine months ended September 30, 2020, excluding business dispositions, GE reduced consolidated headcount by approximately 15,600. This includes 8,800 at Aviation and 2,100 at Power. Actions are part of cost and cash preservation measures in response to COVID-19. | |||
| 2020-09-30 | restructuring | in_progress | 8,800 | 2020-01-01 | Global | Aviation | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Aviation reduced headcount by 8,800 as part of actions to right-size cost structure and preserve cash. Aviation also announced a permanent reduction of approximately 25% of its total global employee workforce, with around 70% of these actions completed through Q3 2020. | |||
| 2020-09-30 | restructuring | in_progress | 2,100 | 2020-01-01 | Global | Power | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Power reduced headcount by 2,100 as part of consolidated cost and cash preservation actions. | |||
| 2020-06-30 | restructuring | in_progress | 8,700 | Global | Consolidated (including Aviation and Power) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Headcount reduced during six months ended 2020-06-30, excluding business dispositions; disclosed split: 5,300 at Aviation and 1,500 at Power. Related restructuring charges (workforce reductions) were $0.5B for the six months and $0.3B for the quarter, per the Restructuring table, but were not explicitly tied to this count. | ||||
| 2020-06-30 | reduction_in_force | announced | 25% | Global | Aviation | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Aviation announced a plan for permanent reductions of approximately 25% of its total global employee workforce; absolute count and timing not disclosed. Percent is of Aviation's workforce, not consolidated workforce. | ||||
| 2020-06-30 | layoff | in_progress | 50% | United States | Aviation — Maintenance, Repair and Overhaul (MRO) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | 90-day temporary furlough implemented in Q2 2020 affecting approximately 50% of U.S. MRO employees; percent is of U.S. MRO employees, not total workforce. | ||||
| 2020-06-30 | layoff | in_progress | United States | Aviation — assembly operations and component manufacturing shops | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Four-week temporary furlough of U.S. assembly operations and component manufacturing shops implemented during Q2 2020; no employee count disclosed. | |||||
| 2020-06-30 | other | in_progress | Global | Aviation (and Power) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Hiring freeze plus cancellation of salaried merit increases and non-safety discretionary spending cuts at Aviation; Power also executed a hiring freeze and accelerated planned employee reductions. No counts disclosed. | |||||
| 2020-06-30 | restructuring | in_progress | 8,700 | 2020-01-01 | Global | Consolidated | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Reduced consolidated headcount by approximately 8,700 during the six months ended June 30, 2020, excluding business dispositions. Includes 5,300 at Aviation and 1,500 at Power. | |||
| 2020-06-30 | restructuring | in_progress | 25% | 2020-06-30 | Global | Aviation | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Aviation announced a plan for permanent reductions of approximately 25% of its total global employee workforce. | |||
| 2020-06-30 | other | completed | 50% | 2020-06-30 | United States | Aviation | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Implemented a 90-day temporary furlough impacting approximately 50% of U.S. maintenance, repair and overhaul employees. | |||
| 2020-06-30 | other | completed | 2020-06-30 | United States | Aviation | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Implemented a four-week temporary furlough impacting U.S. assembly operations and component manufacturing shops. | ||||
| 2020-03-31 | restructuring | in_progress | 700 | Global | Power | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Approximately 700 headcount reductions executed in Q1 2020; Power also notified approximately 1,300 contractors, imposed a hiring freeze and is accelerating planned employee reductions. | ||||
| 2020-03-31 | reduction_in_force | announced | 10% | United States | Aviation | USD 0 (billions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Aviation announced a reduction of approximately 10% of its total U.S. workforce; count not disclosed. Restructuring and other charges at Aviation were $0.1 billion for Q1 2020, driven by lower LEAP engine demand and COVID-19. | |||
| 2020-03-31 | layoff | announced | 50% | United States | Aviation — maintenance, repair and overhaul | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Temporary furlough of approximately 50% of U.S. MRO employees for 90 days; absolute count not disclosed. | ||||
| 2020-03-31 | layoff | announced | 2020-06-30 | United States | Aviation — assembly operations and component manufacturing shops | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Temporary furlough of U.S. assembly operations and component manufacturing shops for approximately four weeks during Q2 2020; count not disclosed. | ||||
| 2020-03-31 | restructuring | in_progress | Global | Renewable Energy | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Additional cost reduction, restructuring and cash preservation actions initiated in response to expected COVID-19 volume declines; no employee counts or charges disclosed. | |||||
| 2020-03-31 | restructuring | in_progress | Global | Healthcare | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Cost reduction, restructuring and cash preservation actions initiated for expected near-term COVID-19 volatility and cost pressures; no counts disclosed. | |||||
| 2020-03-31 | divestiture_reduction | completed | 2020-03-31 | Global | Healthcare — BioPharma | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of BioPharma to Danaher completed 2020-03-31 for $21.1 billion consideration; associated headcount not disclosed. | ||||
| 2020-03-31 | other | announced | Global | Company-wide | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | 2020 targets of more than $2 billion in operational cost out and more than $3 billion in cash preservation, including more than $1 billion cost out and more than $2 billion cash preservation at Aviation; headcount impact not quantified. | |||||
| 2020-03-31 | restructuring | in_progress | 2020-03-31 | Global | Power | USD 0 (billions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Power had approximately 700 headcount reductions and notified approximately 1,300 contractors. Restructuring charges of $0.2 billion recorded. | |||
| 2020-03-31 | restructuring | in_progress | 2020-03-31 | United States | Aviation | USD 0 (billions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Aviation announced a reduction of approximately 10% of its total U.S. workforce and a temporary furlough impacting approximately 50% of its U.S. maintenance, repair and overhaul employees. Restructuring charges of $0.1 billion recorded. | |||
| 2020-03-31 | restructuring | in_progress | General Electric Company [Member] | USD 193,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2019-12-31 | restructuring | completed | Company-wide; FY2019 total charges by business: Power $0.4B, Renewable Energy $0.2B, Healthcare $0.2B, Corporate $0.6B, Aviation $0 | USD 1 (billions) | MD&A f5-10k / GLM-5.3-flash-HTML | FY2019 restructuring and other charges totaled $1.3B, of which $0.8B related to workforce reductions; related cash expenditures were ~$1.2B in 2019. No employee counts or completion timeline disclosed; the Company states it expects to undertake further restructuring actions. The workforce-reduction charge is disclosed only on a consolidated basis. | |||||
| 2019-12-31 | other | announced | 20,000 | 2019-10 | 2021-01-01 | United States | U.S. GE Pension Plan — salaried-benefit participants | USD 298 (millions) | other f5-10k / GLM-5.3-flash-HTML | Pension benefits frozen effective January 1, 2021; affected employees will instead receive increased company contributions to the defined-contribution plan. Non-cash pre-tax curtailment loss of $298M recognized in Q4 2019. Separately, ~100,000 former U.S. employees with vested benefits were offered a limited-time lump-sum option, with $2,657M distributed in December 2019. | |
| 2019-12-31 | other | announced | 700 | 2019-10 | 2021-01-01 | United States | U.S. GE Supplementary Pension Plan — executives who became executives before 2011 | other f5-10k / GLM-5.3-flash-HTML | Benefits frozen effective January 1, 2021; these executives will instead accrue the installment benefit offered to new executives since 2011. Treated as a plan amendment amortized over future periods; reduced the projected benefit obligation by $297 million. | ||
| 2019-12-31 | other | completed | 2019-08 | United States | GE and GE affiliate manufacturing and service employees; union locals affiliated with IUE-CWA, among others | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Most of GE's U.S. unions, including the IUE-CWA, ratified new four-year labor agreements replacing the then-current agreements. No employee count disclosed. | ||||
| 2019-12-31 | divestiture_reduction | completed | 2019-02 | Transportation (rail equipment) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Spin-off of the Transportation segment and merger with Wabtec completed February 2019; pre-tax gain of $3.5B ($2.5B after-tax) recorded in discontinued operations. Date reflects transaction completion; no employee count disclosed. | |||||
| 2019-12-31 | divestiture_reduction | completed | 2019-09 | Baker Hughes (oilfield services/equipment; formerly a reportable segment) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Sold 144.1 million shares for ~$3.0B (net), reducing ownership from 50.2% to 36.8%; segment deconsolidated and reclassified to discontinued operations with an $8.7B pre-tax ($8.2B after-tax) loss. Date reflects transaction completion; no employee count disclosed. | |||||
| 2019-12-31 | divestiture_reduction | announced | 2019-02 | 2020-03 | Healthcare — BioPharma | other f5-10k / GLM-5.3-flash-HTML | Agreement to sell BioPharma to Danaher for ~$21.4B, subject to adjustments; classified as held for sale in Q1 2019. Sale expected in the first quarter of 2020, subject to regulatory approval (expected completion shown as quarter-end proxy); no employee count disclosed. | ||||
| 2019-12-31 | divestiture_reduction | in_progress | 2019-08 | 2020-06 | Capital — GECAS (PK AirFinance aviation lending) | other f5-10k / GLM-5.3-flash-HTML | Definitive agreement with Apollo Global Management and Athene Holding announced August 2019; sale of a substantial portion completed in Q4 2019 for $3,575M with a $50M pre-tax gain; remaining assets expected to be sold in the first half of 2020 (expected completion shown as half-year-end proxy). No employee count disclosed. | ||||
| 2019-12-31 | restructuring | in_progress | Global | Power, Renewable Energy, Healthcare, Corporate (Aviation nil) | USD 1,300 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | FY2019 restructuring and other charges of $1.3B (workforce reductions $0.8B, plant closures and asset write-downs $0.3B, acquisition/disposition net charges $0.2B); cash expenditures $1.2B. By business: Power $0.4B, Renewable Energy $0.2B, Healthcare $0.2B, Corporate $0.6B, Aviation nil. Employees affected not disclosed. | ||||
| 2019-12-31 | divestiture_reduction | completed | 2019-02 | 2019-02 | United States | Transportation | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Spin-off and merger of Transportation segment with Wabtec completed February 2019; segment reclassified to discontinued operations for all periods. Headcount not disclosed. | |||
| 2019-12-31 | divestiture_reduction | completed | 2019-09 | 2019-09 | United States | Baker Hughes segment | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of 144.1M Baker Hughes shares in September 2019 reduced ownership from 50.2% to 36.8%; segment deconsolidated and reclassified to discontinued operations. Headcount not disclosed. | |||
| 2019-12-31 | divestiture_reduction | in_progress | 2019-02 | 2020-03-31 | Global | Healthcare — BioPharma | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell BioPharma to Danaher for approximately $21.4B; classified as held for sale in Q1 2019, expected to close in Q1 2020 subject to regulatory approval. Headcount not disclosed. | |||
| 2019-12-31 | divestiture_reduction | completed | 2019-08 | 2019-12-31 | Global | Capital — PK AirFinance aviation lending | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Substantial portion of PK AirFinance sold to Apollo/Athene in Q4 2019 for $3,575M with a $50M pre-tax gain; remaining assets expected to close in H1 2020. Headcount not disclosed. | |||
| 2019-12-31 | divestiture_reduction | completed | 2017-11-02 | 2019-12-31 | Global | Corporate, Power, Aviation (non-core industrial assets) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Program announced November 2017 to exit approximately $20B of industrial assets; certain transactions closed during 2019 for net proceeds of $1,070M with a $214M pre-tax gain. Filer states substantially all assets sold under the plan as of year-end 2019. Headcount not disclosed; program announced in a prior fiscal year. | |||
| 2019-12-31 | other | completed | 2019-08 | 2019-08 | United States | Manufacturing and service operations | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Most U.S. unions, including the IUE-CWA, ratified new four-year labor agreements in August 2019 replacing expiring agreements. Approximately 6,750 U.S. manufacturing and service employees are union-represented. | |||
| 2019-12-31 | restructuring | completed | 2019-01-01 | 2019-12-31 | Global | Various | USD 1 (billions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Total restructuring and other charges of $1.3 billion for the year ended Dec 31, 2019. Includes workforce reductions of $0.8 billion and plant closures/asset write-downs of $0.3 billion. Specific employee counts not disclosed in this filing. | ||
| 2019-12-31 | restructuring | in_progress | General Electric Company [Member] | USD 1,144,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2019-09-30 | other | announced | 20,000 | 2019-10 | 2021-01-01 | United States | Salaried employees (U.S. GE Pension Plan and U.S. GE Supplementary Plan) | USD 600 (millions) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Pension freeze effective 2021-01-01; approximately 20,000 salaried employees move to defined contribution plan. Pre-tax non-operating benefit cost increase of ~$0.6B expected in Q4 2019 (includes ~$300M curtailment loss and ~$5,000M net actuarial loss to AOCI). | |
| 2019-09-30 | other | announced | 700 | 2019-10 | 2021-01-01 | United States | Executives who became executives before 2011 (U.S. GE Supplementary Plan) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Benefits frozen effective 2021-01-01; these executives thereafter earn future benefits in an installment retirement defined benefit plan. PBO reduction of ~$300M treated as plan amendment amortized over future periods. | ||
| 2019-09-30 | voluntary_separation | announced | 100,000 | 2019-10 | 2019-12-31 | United States | Former U.S. employees with vested pension benefits | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Limited-time lump sum distribution offer in lieu of future monthly payments; payments made from GE Pension Trust in December 2019. Could trigger a non-cash pre-tax settlement loss in Q4 2019 depending on acceptance rate. | ||
| 2019-09-30 | other | completed | 2019-08 | 2019-08 | United States | Most U.S. unions including IUE-CWA | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Most of GE's U.S. unions, including the Industrial Division of the Communications Workers of America (IUE-CWA), ratified new four-year labor agreements in August 2019. Number of covered employees not disclosed. | |||
| 2019-09-30 | restructuring | in_progress | Global | Primarily Corporate and Power; also Renewable Energy and Healthcare | USD 924 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | YTD 2019 restructuring and other charges of $0.9B ($0.3B in Q3 2019); includes workforce reductions, plant closures, and asset write-downs. Employee counts not disclosed. Cash expenditures YTD ~$0.9B. | ||||
| 2019-09-30 | restructuring | in_progress | Global | Corporate, Renewable Energy | USD 0 (billions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Q3 2019 restructuring charges of $0.3 billion primarily at Corporate ($0.2 billion) and Renewable Energy ($0.1 billion). Employee count not disclosed. | ||||
| 2019-09-30 | restructuring | in_progress | Global | Corporate, Power, Healthcare | USD 1 (billions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | YTD 2019 restructuring charges of $0.9 billion primarily at Corporate ($0.5 billion), Power ($0.2 billion), and Healthcare ($0.1 billion). Employee count not disclosed. | ||||
| 2019-09-30 | other | completed | 2019-08-01 | United States | All Segments | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Most U.S. unions, including IUE-CWA, ratified new four-year labor agreements in August 2019. | ||||
| 2019-09-30 | other | announced | 20,700 | 2019-10-01 | 2021-01-01 | United States | Corporate / Pension Plans | USD 1 (billions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Announced in October 2019: Benefits for ~20,000 salaried employees and ~700 executives will be frozen effective Jan 1, 2021. Expected pre-tax increase in non-operating benefit costs of ~$0.6 billion in Q4 2019. | |
| 2019-09-30 | restructuring | in_progress | General Electric Company [Member] | USD 763,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2019-06-30 | restructuring | in_progress | Primarily United States (Corporate, Power, Oil & Gas activities noted) | Corporate, Power, Oil & Gas | USD 400 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q2 2019 charge of $0.4B ($0.8B YTD), including ~$0.2B workforce reductions in the quarter ($0.4B YTD); cash expenditures ~$0.4B in Q2. No employee counts disclosed; company states it expects further restructuring actions. | ||||
| 2019-06-30 | other | in_progress | 2019-06-03 | United States | Company-wide (U.S. unions, incl. IUE-CWA) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | GE began national labor negotiations June 3, 2019 with most U.S. unions; tentative four-year agreement reached with IUE-CWA but not yet ratified; current agreements temporarily extended. No affected-employee count given. | ||||
| 2019-06-30 | divestiture_reduction | completed | 2019-02-25 | 2019-02-25 | United States | Transportation segment (spin-off/merger with Wabtec) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Transportation segment reclassified to discontinued operations; $3,471M pre-tax gain recorded. No headcount impact disclosed. | |||
| 2019-06-30 | restructuring | in_progress | Corporate, Power, Oil & Gas | USD 0 (billions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Q2 2019 restructuring charges of $0.4 billion primarily related to workforce reductions and facility exits. Employee count not disclosed. | |||||
| 2019-06-30 | restructuring | in_progress | Corporate, Power, Oil & Gas | USD 1 (billions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | YTD 2019 restructuring charges of $0.8 billion primarily related to workforce reductions and facility exits. Employee count not disclosed. | |||||
| 2019-06-30 | other | in_progress | 2019-06-03 | United States | All Segments | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Labor negotiations began with most U.S. unions, including IUE-CWA, to replace agreements expiring June 23, 2019. Tentative agreement reached with IUE-CWA; current agreements extended temporarily. | ||||
| 2019-06-30 | restructuring | in_progress | General Electric Company [Member] | USD 721,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2019-03-31 | divestiture_reduction | completed | 2019-02-25 | 2019-02-25 | Global | Transportation | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Completed spin-off and merger of Transportation segment with Wabtec; no employee count disclosed. | |||
| 2019-03-31 | divestiture_reduction | announced | 2019-02-25 | 2019-12-31 | Global | Healthcare (BioPharma) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell BioPharma business to Danaher for ~$21.4B; classified held for sale at quarter-end; no employee count disclosed. | |||
| 2019-03-31 | restructuring | in_progress | Global | Corporate, Healthcare, Oil & Gas, Power | USD 298 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q1 2019 restructuring and other charges of $298M (pre-tax) primarily for workforce reductions and facility exits; no employee counts disclosed. | ||||
| 2019-03-31 | divestiture_reduction | completed | 2019-02-28 | 2019-02-28 | United States | Corporate (ServiceMax) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of Digital ServiceMax business to Silver Lake; no employee count disclosed. | |||
| 2019-03-31 | restructuring | in_progress | Corporate, Healthcare, Oil & Gas | USD 0 (billions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Total restructuring and other charges of $0.3 billion recorded in Q1 2019. Composed of $0.2 billion for workforce reductions and $0.1 billion for plant closures/asset write-downs. Activities primarily at Corporate, Healthcare, and Oil & Gas. Specific employee counts not disclosed. | |||||
| 2019-03-31 | restructuring | in_progress | General Electric Company [Member] | USD -21,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2018-12-31 | restructuring | in_progress | Primarily Power, Corporate and Oil & Gas | USD 4 (billions) | MD&A f5-10k / GLM-5.3-flash-HTML | Aggregate FY2018 restructuring and other charges, comprising $0.9B of workforce reductions, $1.8B of plant closures/associated costs and other asset write-downs, $0.8B of acquisition/disposition net charges, and $0.1B other; related cash expenditures were ~$2.0B. Affected employee counts are not disclosed, and Power restructuring efforts were expected to continue into 2019. | |||||
| 2018-12-31 | restructuring | announced | 2019-12-31 | Power — reorganization into GE Gas Power and Power Portfolio; elimination of Power headquarters structure | MD&A f5-10k / GLM-5.3-flash-HTML | Announced in Q4 2018: intention to reorganize Power into GE Gas Power and Power Portfolio and effectively eliminate the Power headquarters structure to reduce costs. Completion anticipated by the second half of 2019 (expected_completion_date shown as year-end 2019 per that guidance). Workforce impact not quantified. | |||||
| 2018-12-31 | restructuring | announced | Power — Grid Solutions, Solar and storage assets (Energy Connections) moving into Renewable Energy segment | MD&A f5-10k / GLM-5.3-flash-HTML | Announced during Q1 2019 (after fiscal year-end): intention to reorganize Grid Solutions, Solar and storage assets into the Renewable Energy segment to create an end-to-end renewables offering. Workforce impact not quantified. | ||||||
| 2018-12-31 | divestiture_reduction | completed | 2017-09 | 2018-06-29 | Power — Industrial Solutions | MD&A f5-10k / GLM-5.3-flash-HTML | Sale to ASEA Brown Boveri (ABB) for approximately $2.3 billion (~$2.2 billion net of cash transferred); completed June 29, 2018 with a $0.3 billion pre-tax gain. Headcount impact not disclosed. | ||||
| 2018-12-31 | divestiture_reduction | completed | 2018-06 | 2018-11-06 | Power — Distributed Power | MD&A f5-10k / GLM-5.3-flash-HTML | Sold to Advent International for approximately $2.8 billion net of cash transferred; completed November 6, 2018 with a $0.7 billion pre-tax gain. Headcount impact not disclosed. | ||||
| 2018-12-31 | divestiture_reduction | completed | 2018-04 | 2018-07-10 | Healthcare — Value-Based Care Division | MD&A f5-10k / GLM-5.3-flash-HTML | Agreement announced April 2018 to sell the Enterprise Financial Management, Ambulatory Care Management and Workforce Management assets to Veritas Capital for approximately $1.0 billion net of cash transferred; closed July 10, 2018 with a ~$0.7 billion pre-tax gain. Headcount impact not disclosed. | ||||
| 2018-12-31 | divestiture_reduction | completed | 2018-02 | 2018-06-30 | Europe, Middle East, Africa and Turkey | Lighting — GE Lighting EMEA/Turkey and Global Automotive Lighting | MD&A f5-10k / GLM-5.3-flash-HTML | Sale to a company controlled by a former GE executive in the region; substantially all of the transaction closed in Q2 2018 (expected_completion_date shown as Q2 2018 end). Headcount impact not disclosed. | |||
| 2018-12-31 | divestiture_reduction | announced | 2018-11 | Lighting — Current, powered by GE | MD&A f5-10k / GLM-5.3-flash-HTML | Agreement announced November 2018 to sell Current to American Industrial Partners (AIP), a New York-based private equity firm; expected to close in early 2019 subject to customary closing conditions and regulatory approval. Headcount impact not disclosed. | |||||
| 2018-12-31 | divestiture_reduction | announced | 2018-09 | Aviation — Middle River Aircraft Systems | MD&A f5-10k / GLM-5.3-flash-HTML | Agreement announced September 2018 to sell Middle River Aircraft Systems to Singapore Technologies Engineering for $0.6 billion; expected to close in early 2019 subject to customary closing conditions and regulatory approvals. Headcount impact not disclosed. | |||||
| 2018-12-31 | divestiture_reduction | completed | 2018-05-21 | 2019-02-25 | Transportation | MD&A f5-10k / GLM-5.3-flash-HTML | Spin-off and merger of the Transportation segment with Wabtec Corporation completed February 25, 2019 (after fiscal year-end, before filing); agreement announced May 21, 2018 and amended January 25, 2019. GE received ~$2.9 billion in cash plus Wabtec shares/preferred stock representing ~24.9% ownership; participating shareholders received ~24.3%. Headcount impact not disclosed. | ||||
| 2018-12-31 | divestiture_reduction | announced | 2019-02-25 | 2019-12-31 | Healthcare — BioPharma business | subsequent_events f5-10k / GLM-5.3-flash-HTML | Announced February 25, 2019: agreement to sell the BioPharma business to Danaher Corporation for total consideration of approximately $21.4 billion, subject to certain adjustments; expected to close in Q4 2019 subject to regulatory approvals (expected_completion_date shown as Q4 2019 end). Headcount impact not disclosed. | ||||
| 2018-12-31 | divestiture_reduction | completed | 2019-02-01 | Corporate — GE Digital (ServiceMax) | subsequent_events f5-10k / GLM-5.3-flash-HTML | On February 1, 2019, GE sold a majority stake in ServiceMax to Silver Lake for approximately $0.4 billion, retaining 10% equity ownership; a pre-tax gain of $0.2 billion was expected in Q1 2019. Headcount impact not disclosed. | |||||
| 2018-12-31 | divestiture_reduction | completed | Capital — Energy Financial Services (EFS) debt origination business | MD&A f5-10k / GLM-5.3-flash-HTML | Completed during 2018 for proceeds of approximately $2.0 billion to Starwood Property Trust, Inc., with a pre-tax gain of ~$0.3 billion. Part of GE's plan to exit ~$25 billion of energy and industrial finance assets by 2020 (~$15 billion of asset reduction completed in 2018). Headcount impact not disclosed. | ||||||
| 2018-12-31 | restructuring | in_progress | Global | Primarily Power, Corporate and Oil & Gas | USD 4 (billions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | FY2018 restructuring and other charges of $3.6 billion, of which approximately $1.4 billion in cost of products/services and $2.1 billion in SG&A; workforce reduction component of $0.9 billion. Cash expenditures approximately $2.0 billion. Employee counts not disclosed. Multi-year program; figures are FY2018 activity only. | ||||
| 2018-12-31 | divestiture_reduction | completed | 2017-11-13 | 2018-12-31 | Global | Power, Lighting, Aviation, Healthcare and Corporate (approximately $20 billion asset exit program) | USD 1 (billions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Program announced 2017-11-13 to exit approximately $20 billion of assets; cumulative pre-tax loss on planned disposals of $1.7 billion ($1.5 billion after-tax), of which $0.6 billion recorded in 2018. Closed transactions through Q4 2018 for total net proceeds of $6.4 billion. Employee counts not disclosed. | ||
| 2018-12-31 | divestiture_reduction | completed | 2017-09-01 | 2018-06-29 | Global | Power — Industrial Solutions (sold to ABB) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale completed 2018-06-29 for approximately $2.3 billion; pre-tax gain of $0.3 billion recognized in Q2 2018. Employee counts not disclosed. | |||
| 2018-12-31 | divestiture_reduction | completed | 2018-06-01 | 2018-11-06 | Global | Power — Distributed Power (sold to Advent International) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale completed 2018-11-06 for approximately $2.8 billion (net of cash transferred); pre-tax gain of $0.7 billion. Employee counts not disclosed. | |||
| 2018-12-31 | divestiture_reduction | completed | 2018-04-01 | 2018-07-10 | Global | Healthcare — Value-Based Care Division (sold to Veritas Capital) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Transaction closed 2018-07-10 for approximately $1.0 billion (net of cash transferred); pre-tax gain of approximately $0.7 billion in Q3 2018. Employee counts not disclosed. | |||
| 2018-12-31 | divestiture_reduction | completed | 2018-02-01 | 2018-06-30 | Europe, Middle East, Africa, Turkey and Global Automotive | Lighting — GE Lighting EMEA/Turkey and Global Automotive Lighting businesses | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Substantially all of the transaction closed in Q2 2018, sold to a company controlled by a former GE executive. Employee counts not disclosed. | |||
| 2018-12-31 | divestiture_reduction | announced | 2018-11-01 | 2019-03-31 | Global | Lighting — Current, powered by GE (sold to American Industrial Partners) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Announced November 2018; deal expected to close in early 2019 subject to customary closing conditions and regulatory approval. Employee counts not disclosed. | |||
| 2018-12-31 | divestiture_reduction | announced | 2018-09-01 | 2019-03-31 | United States | Aviation — Middle River Aircraft Systems (sold to Singapore Technologies Engineering) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement announced September 2018 for $0.6 billion; expected to close early 2019. Employee counts not disclosed. | |||
| 2018-12-31 | divestiture_reduction | completed | 2018-05-21 | 2019-02-25 | Global | Transportation segment (spin-off and merger with Wabtec Corporation) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Announced 2018-05-21; spin-off and merger completed 2019-02-25 (subsequent to fiscal year-end). GE received approximately $2.9 billion in cash plus Wabtec equity representing approximately 24.9% ownership. Employee counts not disclosed. | |||
| 2018-12-31 | divestiture_reduction | announced | 2019-02-25 | 2019-12-31 | Global | Healthcare — BioPharma business (sale to Danaher Corporation) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement announced 2019-02-25 for total consideration of approximately $21.4 billion, subject to adjustments; expected to close Q4 2019 subject to regulatory approvals. GE intends to retain the remaining Healthcare business. Employee counts not disclosed. | |||
| 2018-12-31 | divestiture_reduction | in_progress | 2018-06-01 | Global | Oil & Gas — orderly separation from BHGE equity ownership | USD 2 (billions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Plan announced June 2018. November 2018 offering and LLC unit repurchase reduced economic interest from 62.5% to 50.4% for $3.7 billion consideration; pre-tax loss in equity of $2.2 billion. Employee counts not disclosed. | |||
| 2018-12-31 | other | completed | 2018-10-30 | 2019-01-25 | Global | Corporate — quarterly dividend reduction | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Not a workforce action per se; included for context only as a capital-allocation action announced in the same period. Quarterly dividend reduced from $0.12 to $0.01 per share, retaining approximately $4 billion of cash annually. | |||
| 2018-12-31 | restructuring | completed | Global | Corporate, Power, Oil & Gas | USD 4 (billions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Total restructuring and other charges of $3.6 billion in 2018, primarily workforce reductions, facility exit costs, and integration of acquisitions. Specific employee count not disclosed in this filing. | ||||
| 2018-12-31 | restructuring | in_progress | General Electric Company [Member] | USD 990,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2018-09-30 | restructuring | in_progress | Global | Primarily Power, Corporate and Oil & Gas | USD 2 (billions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q3 2018 restructuring charges; includes workforce reductions, plant closures and asset write-downs. Cash expenditures approximately $0.5B. Employee counts not disclosed. | ||||
| 2018-09-30 | restructuring | in_progress | Global | Primarily Power, Corporate and Oil & Gas | USD 3 (billions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | YTD 2018 restructuring charges; cash expenditures approximately $1.3B. Employee counts not disclosed. | ||||
| 2018-09-30 | divestiture_reduction | completed | 2018-07-10 | Global | Healthcare (Value-Based Care Division) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale to Veritas Capital closed July 10, 2018; pre-tax gain of approximately $0.7B. Headcount removed not disclosed. | ||||
| 2018-09-30 | divestiture_reduction | completed | 2018-09-19 | Global | Capital (Energy Financial Services debt origination) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale to Starwood Property Trust completed September 2018; pre-tax gain approximately $0.3B. Headcount removed not disclosed. | ||||
| 2018-09-30 | divestiture_reduction | announced | 2018-06-01 | 2018-12-31 | Global | Power (Distributed Power) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell Distributed Power to Advent International for $3.3B, expected to close by Q4 2018. Headcount impact not disclosed. | |||
| 2018-09-30 | divestiture_reduction | announced | 2018-05-01 | 2019-03-31 | Global | Transportation | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement to merge Transportation with Wabtec; expected close early 2019. Headcount impact not disclosed. | |||
| 2018-09-30 | divestiture_reduction | announced | 2018-06-01 | 2020-03-31 | Global | Healthcare | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Plan to separate GE Healthcare into standalone company over 12-18 months. Headcount impact not disclosed. | |||
| 2018-09-30 | divestiture_reduction | announced | 2018-06-01 | 2021-06-30 | Global | Oil & Gas (BHGE) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Intention to pursue orderly separation from BHGE over two to three years. Headcount impact not disclosed. | |||
| 2018-09-30 | divestiture_reduction | announced | 2018-09-01 | 2019-03-31 | Global | Aviation (Middle River Aircraft Systems) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell Middle River Aircraft Systems for $0.6B, expected close early 2019. Headcount impact not disclosed. | |||
| 2018-09-30 | restructuring | announced | 2018-06-01 | 2020-12-31 | Global | Corporate headquarters | USD 1 (billions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Plan for smaller corporate headquarters expected to generate at least $500M in annual savings by end of 2020. Headcount reduction not quantified. | ||
| 2018-09-30 | restructuring | in_progress | Power, Corporate, Oil & Gas | USD 2 (billions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Q3 2018 restructuring and other charges were $1.6 billion, primarily at Power, Corporate, and Oil & Gas. Includes workforce reductions and facility exit costs. Employee count not disclosed. | |||||
| 2018-09-30 | restructuring | in_progress | Power, Corporate, Oil & Gas | USD 3 (billions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | YTD 2018 restructuring and other charges were $2.9 billion, primarily at Power, Corporate, and Oil & Gas. Includes workforce reductions and facility exit costs. Employee count not disclosed. | |||||
| 2018-09-30 | restructuring | in_progress | General Electric Company [Member] | USD 878,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2018-06-30 | restructuring | in_progress | 2018-06-30 | Oil & Gas | USD 0 (billions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Restructuring charges related to BHGE integration reported within Oil & Gas segment. Employee count not disclosed. | ||||
| 2018-06-30 | restructuring | in_progress | 2018-06-30 | Corporate | USD 1 (billions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Total restructuring charges of $0.5 billion reported. Employee count not disclosed. | ||||
| 2018-06-30 | restructuring | in_progress | 2018-06-30 | Power | USD 0 (billions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Restructuring activities primarily at Power, Corporate and Oil & Gas. Employee count not disclosed. | ||||
| 2018-06-30 | restructuring | in_progress | 2018-06-30 | Renewable Energy | USD 0 (billions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Restructuring activities primarily at Power, Corporate and Oil & Gas. Employee count not disclosed. | ||||
| 2018-06-30 | restructuring | in_progress | General Electric Company [Member] | USD 403,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2018-03-31 | restructuring | in_progress | Oil & Gas | USD 0 (billions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Restructuring charges related to BHGE integration and deal related costs. Employee count not disclosed. | |||||
| 2018-03-31 | restructuring | in_progress | Corporate | USD 0 (billions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Corporate restructuring and other charges. Employee count not disclosed. | |||||
| 2018-03-31 | restructuring | in_progress | Power | USD 0 (billions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Restructuring costs not included in segment results. Employee count not disclosed. | |||||
| 2018-03-31 | restructuring | in_progress | Healthcare | USD 0 (billions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Restructuring costs not included in segment results. Employee count not disclosed. | |||||
| 2018-03-31 | restructuring | in_progress | General Electric Company [Member] | USD 132,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2017-12-31 | restructuring | in_progress | Primarily Power, Corporate, and Oil & Gas | USD 5 (billions) | MD&A f5-10k / GLM-5.3-flash-HTML | 2017 restructuring and other charges of $5.3 billion comprised $1.1B workforce reductions, $1.9B plant closures and other asset write-downs, $0.9B acquisition/disposition net charges, $1.2B goodwill impairment and $0.2B other; cash expenditures were approximately $2.0 billion. The number of employees affected is not disclosed. Approximately $0.8B of 2017 charges were recorded in the Oil & Gas segment after the Baker Hughes transaction ($0.7B net of noncontrolling interest). MD&A indicates further restructuring actions may be undertaken, and the Power segment expects restructuring efforts to continue into 2019. | |||||
| 2017-12-31 | plant_closure | completed | Power | MD&A f5-10k / GLM-5.3-flash-HTML | In 2017 the Power segment reduced structural costs by approximately $0.8 billion (excluding acquisition and disposition effects) and reduced its manufacturing and repair footprint by 15 sites. Headcount impact not disclosed. | ||||||
| 2017-12-31 | restructuring | announced | 2018-01-16 | GE Capital — Energy Financial Services and Industrial Finance | USD 2 (billions) | MD&A f5-10k / GLM-5.3-flash-HTML | Post-year-end (subsequent to FY2017) announcement of plans to make GE Capital smaller and more focused, including a substantial reduction in the size of its Energy Financial Services and Industrial Finance businesses over the next 24 months. Headcount impact not quantified. Related after-tax goodwill and other asset impairment charges of $1.8 billion were recorded in Q4 2017. | ||||
| 2017-12-31 | restructuring | in_progress | Global | Multiple segments and Corporate | USD 5 (billions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | FY2017 restructuring and other charges of $5.3B, including workforce reductions of $1.1B and plant closures/asset write-downs of $1.9B; cash expenditures approximately $2.0B. Employees affected not disclosed. | ||||
| 2017-12-31 | plant_closure | completed | Global | Power | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Power reduced its manufacturing and repair footprint by 15 sites during 2017 and removed $0.8B of structural costs; headcount reductions not quantified. | |||||
| 2017-12-31 | acquisition_addition | completed | 2017-07-03 | 2017-07-03 | Global | Oil & Gas | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Combination of GE Oil & Gas with Baker Hughes completed 2017-07-03; GE holds ~62.5%. Post-transaction Oil & Gas segment employed over 64,000 people; headcount added through the transaction not separately disclosed. | |||
| 2017-12-31 | acquisition_addition | completed | 2017-04-20 | 2017-04-20 | Global | Renewable Energy | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired LM Wind Power for approximately $1.7 billion; employees added not disclosed. | |||
| 2017-12-31 | acquisition_addition | completed | 2017-01-10 | 2017-01-10 | Global | Digital / Corporate | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired remaining 96% of ServiceMax for $867 million net of cash; employees added not disclosed. | |||
| 2017-12-31 | divestiture_reduction | completed | 2017-03-08 | 2017-09-30 | Global | Power (Water & Process Technologies) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Water business sold to Suez for $3,062 million consideration; pre-tax gain of $1,943 million. Employees removed through the sale not disclosed. | |||
| 2017-12-31 | divestiture_reduction | announced | 2017-09-25 | 2018-06-30 | Global | Power (Industrial Solutions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell Industrial Solutions to ABB for approximately $2,600 million; targeted to close mid-2018. Employees affected not disclosed. | |||
| 2017-12-31 | divestiture_reduction | announced | 2017-11-13 | 2018-12-31 | Global | Lighting, Aviation, Healthcare and Power | USD 1 (billions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Announced intention to exit approximately $20 billion of assets over the next one to two years; Q4 2017 classification of businesses with assets of $1,676M and liabilities of $791M as held for sale produced a pre-tax loss of $1,425M ($1,337M after-tax). Employees affected not disclosed. | ||
| 2017-12-31 | restructuring | announced | 2018-01-16 | 2020-01-16 | Global | GE Capital — Energy Financial Services and Industrial Finance | USD 2 (billions) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Announced plans to substantially reduce the size of GE Capital's EFS and Industrial Finance businesses over the next 24 months; resulted in $1.8B after-tax goodwill and other asset impairment charges recorded in Q4 2017. Employees affected not disclosed. | ||
| 2017-12-31 | other | announced | 2017-12-31 | Global | GE Capital — run-off insurance operations | USD 6 (billions) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | GE Capital to contribute approximately $15 billion of capital to its run-off insurance business over seven years ($3.5B in Q1 2018, ~$2B annually thereafter) and does not expect to make common share dividend distributions to GE for the foreseeable future. Workforce impact not quantified. | |||
| 2017-12-31 | restructuring | completed | 2017-01-01 | 2017-12-31 | Global | Various | USD 3 (billions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Total restructuring charges of approx. $2.7 billion for the year ended Dec 31, 2017. Includes accelerated restructuring actions at Corporate and BHGE integration. Employee count not explicitly disclosed in aggregate for the year. | ||
| 2017-12-31 | acquisition_addition | completed | 2017-07-03 | 2017-07-03 | Global | Oil & Gas | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Completion of transaction to create Baker Hughes, a GE company (BHGE). GE holds approx. 62.5% ownership. Headcount added not explicitly quantified in filing. | |||
| 2017-12-31 | acquisition_addition | completed | 2017-04-20 | 2017-04-20 | Global | Renewable Energy | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Acquisition of LM Wind Power. Headcount added not explicitly quantified in filing. | |||
| 2017-12-31 | acquisition_addition | completed | 2017-01-10 | 2017-01-10 | Global | Digital | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Acquisition of ServiceMax. Headcount added not explicitly quantified in filing. | |||
| 2017-12-31 | divestiture_reduction | completed | 2017-09-30 | 2017-09-30 | Global | Power | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Sale of Water business to Suez. Headcount removed not explicitly quantified in filing. | |||
| 2017-12-31 | restructuring | in_progress | General Electric Company [Member] | USD 3,162,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2017-09-30 | restructuring | in_progress | Global | Power, Corporate, Oil & Gas (primarily) | USD 2,400 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q3 2017 restructuring and other charges of $2.4B (vs $0.7B in Q3 2016), including $0.8B workforce reductions, $0.8B plant closures/asset write-downs, $0.3B acquisition/disposition charges, $0.9B goodwill impairment (Power Conversion). Cash expenditures ~$0.6B. No employee headcount affected disclosed. | ||||
| 2017-09-30 | restructuring | in_progress | Global | Power, Corporate, Oil & Gas (primarily) | USD 4,100 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | YTD 2017 restructuring and other charges of $4.1B (vs $2.6B YTD 2016). Cash expenditures ~$1.6B. Includes $3.5B in GE and $0.6B in Oil & Gas segment. No employee headcount affected disclosed. | ||||
| 2017-09-30 | acquisition_addition | completed | 2016-10-01 | 2017-07-03 | Global | Oil & Gas (BHGE) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | BHGE transaction closed July 3, 2017; GE holds ~62.5% economic interest. Total consideration $24.8B. No headcount added disclosed. | |||
| 2017-09-30 | divestiture_reduction | completed | 2017-03-08 | 2017-09-29 | Global | Power (Water & Process Technologies) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Water & Process Technologies sold to Suez for $3.0B consideration; after-tax gain ~$1.9B. No headcount removed disclosed. | |||
| 2017-09-30 | divestiture_reduction | announced | 2017-09-25 | 2018-06-30 | Global | Power (Industrial Solutions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell Industrial Solutions to ABB for ~$2.6B; targeted to close mid-2018. Assets $2,220M, liabilities $561M classified as held for sale. No headcount disclosed. | |||
| 2017-09-30 | restructuring | announced | 2017-10-30 | Global | Company-wide / Corporate | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | CEO Flannery identified $20B+ of assets to be exited over next 1-2 years; additional restructuring charges and held-for-sale charges expected. Investor presentation scheduled Nov 13, 2017 covering cost reduction actions. No employee counts disclosed. | ||||
| 2017-09-30 | restructuring | in_progress | 2017-07-01 | Global | Corporate, Power, Oil & Gas | USD 2 (billions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Restructuring and other charges of $2.4 billion before tax, including $0.8 billion in restructuring charges (including $0.2 billion related to BHGE) and $0.3 billion in business development charges. Includes accelerated restructuring actions at Corporate. | |||
| 2017-09-30 | restructuring | in_progress | 2017-01-01 | Global | Corporate, Power, Oil & Gas | USD 4 (billions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Total restructuring and other charges of $4.1 billion for the nine months ended Sept 30, 2017. Includes $1.0 billion for workforce reductions, $1.3 billion for plant closures/asset write-downs, $0.7 billion for acquisition/disposition charges, and $0.9 billion for goodwill impairment. | |||
| 2017-06-30 | restructuring | in_progress | Global | Corporate, Oil & Gas, Renewable Energy | USD 1 (billions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q2 2017 restructuring charges of $0.7B; workforce reductions $0.2B, plant closures $0.3B, acquisition/disposition charges $0.2B. No employee counts disclosed. | ||||
| 2017-06-30 | restructuring | in_progress | Global | Power, Corporate, Energy Connections & Lighting | USD 2 (billions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | YTD 2017 restructuring charges of $1.7B; workforce reductions $0.7B, plant closures $0.5B, acquisition/disposition charges $0.4B, other $0.1B. No employee counts disclosed. | ||||
| 2017-06-30 | acquisition_addition | completed | 2017-07-03 | 2017-07-03 | Global | Oil & Gas (Baker Hughes combination) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Baker Hughes combination completed July 3, 2017; GE holds 62.5% interest. No headcount added disclosed. | |||
| 2017-06-30 | acquisition_addition | completed | 2017-04-20 | 2017-04-20 | Global | Renewable Energy (LM Wind Power) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of LM Wind Power completed April 20, 2017 for ~$1.6B net of cash. No headcount added disclosed. | |||
| 2017-06-30 | acquisition_addition | completed | 2017-01-10 | 2017-01-10 | Global | GE Digital (ServiceMax) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of ServiceMax completed January 10, 2017 for $0.9B net of cash. No headcount added disclosed. | |||
| 2017-06-30 | divestiture_reduction | in_progress | 2018-03-31 | Global | Energy Connections & Lighting (Industrial Solutions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Industrial Solutions classified as held for sale in Q1 2017; sale expected by end of Q1 2018. No headcount reduction disclosed. | ||||
| 2017-06-30 | divestiture_reduction | in_progress | 2017-03-01 | 2017-12-31 | Global | Power (Water & Process Technologies) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell Water business to Suez for ~$3.4B signed March 2017; expected close H2 2017. No headcount reduction disclosed. | |||
| 2017-06-30 | restructuring | in_progress | Corporate, Oil & Gas, Renewable Energy | USD 1 (billions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Q2 2017 restructuring charges of $0.7 billion primarily related to workforce reductions, facility exits, and acquisition integration. | |||||
| 2017-06-30 | restructuring | in_progress | Power, Corporate, Energy Connections & Lighting | USD 2 (billions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | YTD 2017 restructuring charges of $1.7 billion primarily related to workforce reductions, facility exits, and acquisition integration. | |||||
| 2017-03-31 | restructuring | in_progress | Global | Power, Corporate, Energy Connections & Lighting | USD 1,000 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q1 2017 restructuring and other charges of $1.0B (workforce reductions $0.5B, plant closures/asset write-downs $0.3B, acquisition/disposition net charges $0.2B). Cash expenditures ~$0.6B. No employee counts disclosed. | ||||
| 2017-03-31 | acquisition_addition | completed | 2017-01-10 | 2017-01-10 | Global | GE Digital / Corporate | USD 900 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of ServiceMax completed 2017-01-10 for $866M net of cash acquired (~$91M). Headcount added not disclosed. | ||
| 2017-03-31 | divestiture_reduction | in_progress | 2017-03-01 | Global | Energy Connections & Lighting — Industrial Solutions | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Industrial Solutions classified as held for sale in Q1 2017 (assets $2,160M, liabilities $510M); sale expected within twelve months. Headcount removed not disclosed. | ||||
| 2017-03-31 | divestiture_reduction | announced | 2017-03-01 | 2017-06-30 | Global | Power — Water & Process Technologies | USD 3,415 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement signed March 2017 to sell Water business to Suez for $3,415M; expected to close mid-2017. Headcount removed not disclosed. | ||
| 2017-03-31 | other | announced | 2016-10-31 | 2017-06-30 | Global | Oil & Gas / Baker Hughes combination | USD 7,400 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Baker Hughes combination announced Oct 2016; GE to hold 62.5% interest and contribute $7.4B cash. Expected close mid-2017. Workforce implications not quantified. | ||
| 2017-03-31 | restructuring | in_progress | Power, Corporate, Energy Connections & Lighting | USD 1 (billions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Total restructuring and other charges of $1.0 billion for Q1 2017, primarily related to workforce reductions, facility exits, and integration of Alstom. Employee count not disclosed. | |||||
| 2016-12-31 | restructuring | in_progress | Primarily Power, Oil & Gas, and Energy Connections & Lighting | USD 4 (billions) | MD&A f5-10k / GLM-5.3-flash-HTML | 2016 restructuring and other charges of $3.6B comprised $1.3B workforce reductions, $1.3B plant closures/associated costs/asset write-downs, $0.7B acquisition-disposition net charges and $0.3B other; ~$2.3B in cost of products/services and ~$1.2B in SG&A. Cash restructuring expenditures were ~$1.0B in 2016. No employee count disclosed; charges relate to workforce reductions, facility consolidation, integration of recent acquisitions including Alstom, and write-downs, and the company indicated further actions may be undertaken. | |||||
| 2016-12-31 | divestiture_reduction | in_progress | 2015-04-10 | Global | Capital (GE Capital) | USD 22 (billions) | MD&A f5-10k / GLM-5.3-flash-HTML | Multi-year plan announced April 10, 2015 to sell most GE Capital assets while retaining the Verticals. Dispositions substantially completed as of December 31, 2016 ($190B of $197B signed ENI closed); remaining European dispositions expected in 2017. $22.0B of charges are cumulative from plan inception through fiscal year-end (2016 after-tax charges were less than $0.1B). GE Capital headcount reduction not quantified. | |||
| 2016-12-31 | divestiture_reduction | completed | 2016-01-15 | 2016-06-06 | Energy Connections & Lighting (Appliances) | MD&A f5-10k / GLM-5.3-flash-HTML | Sale of the Appliances business to Qingdao Haier Co., Ltd. agreed January 15, 2016 and completed June 6, 2016 for proceeds of $5.6B (including $0.8B of Appliances receivables sold from GE Capital), generating an after-tax gain of approximately $1.8B. Headcount impact not disclosed. | ||||
| 2016-12-31 | divestiture_reduction | announced | 2016-10 | Power (Water & Process Technologies) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Plan to sell the Water & Process Technologies business announced October 2016; classified as held for sale in Q4 2016 (assets $1,617M, liabilities $656M) with completion expected within twelve months. Headcount impact not disclosed. | |||||
| 2016-12-31 | divestiture_reduction | announced | 2016-12 | Energy Connections & Lighting (Industrial Solutions) | MD&A f5-10k / GLM-5.3-flash-HTML | Plan to sell the Industrial Solutions business announced December 2016. Headcount impact not disclosed. | |||||
| 2016-12-31 | other | announced | 2016-10-31 | Oil & Gas | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Agreement announced October 31, 2016 to combine GE's Oil & Gas business with Baker Hughes in a new entity (GE 62.5% / Baker Hughes shareholders 37.5%), including a $7.4B GE cash contribution to fund a special dividend; subject to Baker Hughes shareholder and regulatory approvals with closing expected in 2017. Workforce impact not disclosed. | |||||
| 2016-12-31 | acquisition_addition | announced | 2016-10 | Renewable Energy | MD&A f5-10k / GLM-5.3-flash-HTML | Plan announced October 2016 to acquire LM Wind Power, one of the world's largest wind turbine blade manufacturers, for $1.7B, subject to customary closing conditions; not closed at fiscal year-end. Workforce impact not disclosed. | |||||
| 2016-12-31 | acquisition_addition | completed | 2016-05-10 | Power (heat recovery steam generator business) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Pending acquisition announced May 10, 2016; 80% of Doosan Engineering & Construction's HRSG business acquired for ~$220M on August 16, 2016, with the remaining 20% subject to local regulatory requirements and a staggered close expected in 2017. Headcount impact not disclosed. | |||||
| 2016-12-31 | acquisition_addition | completed | 2016-09-14 | GE Digital / Corporate (asset performance management software) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Acquired the remaining 74% of software developer Meridium Inc. for $370M on September 14, 2016 to enhance asset performance-management capabilities. Headcount impact not disclosed. | |||||
| 2016-12-31 | acquisition_addition | completed | 2016-11-17 | Aviation (additive manufacturing) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Acquired an additional 61.9% of Arcam AB, a Swedish electron beam melting systems company, for $422M on November 17, 2016, bringing total ownership to 76.2%. Headcount impact not disclosed. | |||||
| 2016-12-31 | acquisition_addition | completed | 2016-12-08 | Aviation (additive manufacturing) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Acquired 75% of Concept Laser GmbH, a German powder-bed laser metal printing company, for $573M on December 8, 2016. Headcount impact not disclosed. | |||||
| 2016-12-31 | acquisition_addition | completed | 2016-11-09 | GE Digital / Corporate (industrial software) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Acquired the remaining 89% of Bit Stew, an industrial data software company, for $129M (~$0.1B) on November 9, 2016. Headcount impact not disclosed. | |||||
| 2016-12-31 | acquisition_addition | completed | 2016-10-26 | GE Digital / Corporate (machine learning and data science) | MD&A f5-10k / GLM-5.3-flash-HTML | Acquired Wise.io, a machine learning and intelligent systems company, for less than $0.1B on October 26, 2016. Headcount impact not disclosed. | |||||
| 2016-12-31 | acquisition_addition | completed | 2017-01-10 | GE Digital / Corporate (field service management software) | subsequent_events f5-10k / GLM-5.3-flash-HTML | Acquisition of ServiceMax, a cloud-based field service management provider, for $0.9B completed January 10, 2017, after fiscal year-end, and disclosed in the 2016 Form 10-K. Headcount impact not disclosed. | |||||
| 2016-12-31 | restructuring | in_progress | Global | Primarily Power, Oil & Gas and Energy Connections & Lighting | USD 4 (billions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2016 restructuring and other charges of $3.6 billion (workforce reductions $1.3B, plant closures/asset write-downs $1.3B, acquisition/disposition net charges $0.7B, other $0.3B); cash expenditures approximately $1.0 billion. Employee headcount affected not disclosed. | ||||
| 2016-12-31 | divestiture_reduction | completed | 2016-01-15 | 2016-06-06 | Global | Energy Connections & Lighting (Appliances business) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Appliances business sold to Qingdao Haier Co., Ltd. for $5.6 billion; after-tax gain of $1.8 billion. Headcount removed through the disposition not disclosed. | |||
| 2016-12-31 | acquisition_addition | completed | 2015-11-02 | 2015-11-02 | Global | Power, Renewable Energy, Energy Connections & Lighting, Oil & Gas | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Alstom Thermal, Renewables and Grid businesses acquired November 2, 2015; full year of activity in 2016 results. Headcount added through the acquisition not disclosed. Selected Financial Data notes 55,500 employees added as a result of the Alstom acquisition in 2015. | |||
| 2016-12-31 | divestiture_reduction | completed | 2016-03-30 | 2016-07-01 | Global | Corporate (GE Asset Management) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | GE Asset Management sold to State Street Corporation for proceeds of $437 million; after-tax gain of $260 million. Headcount removed not disclosed. | |||
| 2016-12-31 | divestiture_reduction | in_progress | 2016-10-01 | Global | Power (Water & Process Technologies) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Plan announced in October 2016 to sell the Water & Process Technologies business; classified as held for sale in Q4 2016. Headcount not disclosed. | ||||
| 2016-12-31 | divestiture_reduction | announced | 2016-12-01 | Global | Energy Connections & Lighting (Industrial Solutions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Plan announced in December 2016 to sell the Industrial Solutions business. Headcount not disclosed. | ||||
| 2016-12-31 | acquisition_addition | completed | 2016-12-31 | Global | Aviation (additive manufacturing: Arcam AB, Concept Laser GmbH) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2016 acquisitions included Arcam AB (76.2% for $0.5B), Concept Laser GmbH (75% for $0.6B), Meridium Inc. ($0.4B), Bit Stew ($0.1B), Wise.io (<$0.1B), and Doosan HRSG business ($0.2B). Headcount added not disclosed. | ||||
| 2016-12-31 | other | announced | 2016-10-31 | Global | Oil & Gas (combination with Baker Hughes) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement announced October 31, 2016 to combine Oil & Gas with Baker Hughes (GE 62.5% interest); subject to shareholder and regulatory approvals. Headcount impact not disclosed. | ||||
| 2016-12-31 | acquisition_addition | announced | 2016-10-01 | Global | Renewable Energy (LM Wind Power) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Plan announced October 2016 to acquire LM Wind Power for $1.7 billion, subject to customary closing conditions. Headcount to be added not disclosed. | ||||
| 2016-12-31 | restructuring | completed | 2016-01-01 | 2016-12-31 | Global | Power, Oil & Gas, Energy Connections & Lighting | USD 4 (billions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Total restructuring and other charges of $3.6 billion in 2016, primarily related to workforce reductions, facility exit costs, and integration of acquisitions including Alstom. | ||
| 2016-12-31 | acquisition_addition | completed | 55,500 | 2015-11-02 | 2016-12-31 | Global | Power, Renewable Energy, Energy Connections & Lighting | Selected Financial Data f5-10k / Qwen3.6-27B-Q8_0 | Includes 55,500 employees as a result of the Alstom acquisition. | ||
| 2016-12-31 | divestiture_reduction | completed | 2016-06-06 | 2016-06-06 | Global | Energy Connections & Lighting (Appliances) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Sale of Appliances business to Haier. Employee count not explicitly disclosed in filing. | |||
| 2016-09-30 | restructuring | in_progress | Global | Oil & Gas | USD 1 (billions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Restructuring investment raised from $0.4B to about $0.5B to hit a $0.7–0.8B cost-reduction target; no employee count disclosed. | ||||
| 2016-09-30 | restructuring | in_progress | Global | Corporate / Alstom integration | USD 2,557 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Nine-month 2016 restructuring and other charges; includes about $0.6B higher Alstom-related restructuring vs. prior year. No employee counts disclosed. | ||||
| 2016-09-30 | acquisition_addition | announced | 2016-10-31 | Global | Oil & Gas / Baker Hughes | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Post-quarter agreement to combine GE Oil & Gas with Baker Hughes (GE 62.5% / BKH 37.5%); no headcount disclosed. | ||||
| 2016-09-30 | acquisition_addition | completed | 2016-09-14 | 2016-09-14 | United States | GE Digital / asset performance management | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquired remaining 74% of Meridium Inc. for $370M cash; no headcount disclosed. | |||
| 2016-09-30 | divestiture_reduction | completed | 2016-01-15 | 2016-06-06 | Global | Appliances (Energy Connections & Lighting) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Appliances business sold to Qingdao Haier for $5.6B proceeds; no headcount transferred disclosed. | |||
| 2016-09-30 | restructuring | in_progress | Global | Power | USD 0 (billions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Restructuring charges associated with the Alstom acquisition. | ||||
| 2016-09-30 | restructuring | in_progress | Global | Oil & Gas | USD 0 (billions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Ongoing restructuring activities. | ||||
| 2016-09-30 | restructuring | in_progress | Global | Healthcare | USD 0 (billions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Restructuring charges. | ||||
| 2016-09-30 | restructuring | in_progress | Global | Corporate | USD 0 (billions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Higher restructuring charges associated with the Alstom acquisition. | ||||
| 2016-09-30 | restructuring | in_progress | Global | GE Capital | USD 0 (billions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Higher restructuring expenses. | ||||
| 2016-06-30 | restructuring | in_progress | Global | Oil & Gas | USD 500 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Restructuring investment raised from $350M to about $500M to hit an $800M cost-reduction target amid weak market; no employee count disclosed. | ||||
| 2016-06-30 | restructuring | in_progress | 2015-11-02 | Global | Corporate / Alstom integration | USD 300 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q2 2016 restructuring charges included $0.3B related to the Alstom acquisition ($0.5B YTD); no employee counts disclosed. Announcement date is Alstom acquisition close. | |||
| 2016-06-30 | restructuring | in_progress | Power | USD 0 (billions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Restructuring charges associated with the Alstom acquisition. | |||||
| 2016-06-30 | restructuring | in_progress | Oil & Gas | USD 0 (billions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Ongoing restructuring activities. | |||||
| 2016-06-30 | restructuring | in_progress | Healthcare | USD 0 (billions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Restructuring charges. | |||||
| 2016-06-30 | restructuring | in_progress | Corporate | USD 0 (billions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Restructuring charges associated with the Alstom acquisition. | |||||
| 2016-06-30 | restructuring | in_progress | GE Capital | USD 0 (billions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Restructuring and other charges related to the GE Capital Exit Plan. | |||||
| 2016-03-31 | restructuring | in_progress | Global | Oil & Gas | USD 1 (billions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Filer states restructuring investment will likely increase from $350 million to approximately $500 million to achieve cost targets. No employee count disclosed. | ||||
| 2016-03-31 | restructuring | in_progress | Global | Corporate / GE Capital | USD 0 (billions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Recorded $0.1 billion of restructuring and other charges related to the GE Capital Exit Plan. No employee count disclosed. | ||||
| 2015-12-31 | acquisition_addition | completed | 55,500 | 2015-11-02 | Global; regulatory approval obtained in over 20 countries and regions | Power, Renewable Energy, Energy Management | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Acquisition of Alstom's Thermal, Renewables and Grid businesses completed November 2, 2015 (purchase price €9.2 billion, approximately $10.1 billion). Headcount addition of 55,500 per Selected Financial Data footnote; expected_completion_date reflects the actual completion date. Original deal announcement date not stated in this filing. | |||
| 2015-12-31 | divestiture_reduction | in_progress | 2015-04-10 | 2016-12-31 | Global | Capital — Consumer, Real Estate, and most of Commercial Lending and Leasing (CLL) | USD 22 (billions) | MD&A f5-10k / GLM-5.3-flash-HTML | Plan to sell most GE Capital assets and retain the Verticals businesses. By December 31, 2015, agreements signed for $157 billion of ENI (excluding liquidity), of which $104 billion had closed. 2015 after-tax charges of $22.0 billion comprise disposition losses, tax expense for repatriation and deferred-tax write-offs, impairments and restructuring, largely in discontinued operations. Headcount of disposed businesses not disclosed. | ||
| 2015-12-31 | divestiture_reduction | completed | 2015-10-19 | 2015-11-17 | United States | Capital — Consumer business (North American Retail Finance / Synchrony Financial) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Split-off completed November 17, 2015 via exchange of 671.4 million GE shares for Synchrony Financial shares; $3.4 billion after-tax gain. Component of the GE Capital Exit Plan. Employee headcount of the split-off business not disclosed. | |||
| 2015-12-31 | divestiture_reduction | completed | 2014 | 2015-11-02 | Transportation — Signaling business | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Sale to Alstom completed November 2, 2015 for proceeds of $0.8 billion (pre-tax gain of $0.6 billion); sale agreement signed in Q4 2014. Employee headcount not disclosed. | ||||
| 2015-12-31 | divestiture_reduction | completed | 2015 | 2015-12-07 | Energy Management — Industrial Solutions (Intelligent Platforms Embedded Systems Products) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Sold to Veritas Capital; agreement signed in Q3 2015 and sale completed December 7, 2015 for proceeds of approximately $515 million. Employee headcount not disclosed. | ||||
| 2015-12-31 | divestiture_reduction | completed | 2015 | 2015-12-21 | Energy Management — Grid Solutions (Electricity Meters) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Sold to Aclara Technologies, LLC; agreement signed in Q4 2015 and sale completed December 21, 2015 for proceeds of approximately $220 million. Employee headcount not disclosed. | ||||
| 2015-12-31 | divestiture_reduction | completed | 2015 | 2015-12-30 | Healthcare — Life Sciences (Clarient) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Sold to NeoGenomics, Inc.; agreement signed in Q4 2015 and sale completed December 30, 2015 for proceeds of approximately $255 million. Employee headcount not disclosed. | ||||
| 2015-12-31 | divestiture_reduction | announced | 2016-01-15 | 2016-06 | Appliances | subsequent_events f5-10k / GLM-5.3-flash-HTML | Definitive agreement announced January 15, 2016 (after fiscal year-end) to sell Appliances to Qingdao Haier Co., Ltd. for approximately $5.4 billion; filing states targeted close in mid-2016. Prior agreement with Electrolux was terminated December 7, 2015 ($175 million break-up fee received). Appliances-only headcount not disclosed; the Appliances & Lighting segment (which also includes Lighting) totals approximately 24,000. | ||||
| 2015-12-31 | other | completed | 2015-06 | United States | GE manufacturing and service employees | Item_1_Business f5-10k / GLM-5.3-flash-HTML | New four-year collective bargaining agreements negotiated in June 2015 with most U.S. unions. Approximately 16,000 U.S. GE manufacturing and service employees are union-represented (11 unions, ~82 locals); exact headcount covered by the 2015 agreements not disclosed. | ||||
| 2015-12-31 | acquisition_addition | completed | 55,500 | 2015-11-02 | 2015-11-02 | Global | Power, Renewable Energy, Energy Management | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2015 total headcount includes 55,500 employees from the Alstom Thermal, Renewables and Grid acquisition, closed 2015-11-02 for a purchase price of approximately $10.1 billion. | ||
| 2015-12-31 | restructuring | in_progress | Global | Corporate and industrial segments | USD 1,734 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Restructuring and other charges of $1,734 million recorded in 2015 (2014: $1,788 million; 2013: $1,992 million). Employee counts affected are not disclosed. Costs and gains excluded from segment results totaled $1.7 billion in 2015 across the eight industrial segments. | ||||
| 2015-12-31 | divestiture_reduction | in_progress | 2015-04-10 | 2016-12-31 | Global | Capital (GE Capital Exit Plan) | USD 22,030 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Plan to sell most GE Capital assets (Real Estate, Consumer, most of CLL); $22.0 billion of after-tax charges recorded in 2015, of which $7.7 billion in continuing operations and $14.3 billion in discontinued operations. Headcount impact not disclosed. | ||
| 2015-12-31 | divestiture_reduction | completed | 2015-11-17 | 2015-11-17 | United States | Capital — Synchrony Financial (Consumer) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Split-off of Synchrony Financial completed 2015-11-17; 671,366,809 GE shares exchanged for 705,270,833 Synchrony shares, with a $3.4 billion after-tax gain in discontinued operations. Headcount impact not disclosed. | |||
| 2015-12-31 | plant_closure | completed | 2015-12-07 | United States | Appliances & Lighting | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Electrolux sale agreement terminated 2015-12-07 (GE received a $175 million break-up fee); definitive agreement to sell Appliances to Qingdao Haier for $5.4 billion signed 2016-01-15, targeted to close mid-2016. Assets of $2,818 million and liabilities of $1,409 million classified as held for sale. Headcount impact not disclosed. | ||||
| 2015-12-31 | acquisition_addition | completed | 55,500 | 2015-11-02 | 2015-11-02 | Global | Power, Renewable Energy, Energy Management | Item 1_Business f5-10k / Qwen3.6-27B-Q8_0 | Acquisition of Alstom's Thermal, Renewables and Grid businesses. | ||
| 2015-12-31 | restructuring | completed | 2015-04-10 | 2015-12-31 | Global | GE Capital | USD 22,000 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Charges of $22 billion related to the GE Capital Exit Plan, including business dispositions, tax expenses, and restructuring/other charges. Specific employee count not disclosed. | ||
| 2015-09-30 | restructuring | in_progress | 2015-04-10 | Global | GE Capital / Corporate | USD 0 (billions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Part of the GE Capital Exit Plan announced April 10, 2015. $0.4 billion of restructuring and other charges recorded in the nine months ended Sept 30, 2015, including $0.3 billion in GECC Corporate and $0.1 billion in CLL discontinued operations. Employee count not disclosed. | |||
| 2015-06-30 | other | completed | 2015-06-30 | United States | Multiple U.S. industrial operations | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | In June 2015, GE negotiated new four-year collective bargaining agreements with most of its U.S. unions. No employee counts or financial terms disclosed. | ||||
| 2015-06-30 | restructuring | in_progress | 2015-04-10 | 2017-04-10 | Global | GE Capital (Financial Services) | USD 23,000 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Plan to sell most GECC assets over 24 months; ~$23B after-tax charges through 2016 including ~$3B restructuring and other charges. No employee headcount impact disclosed. | ||
| 2015-06-30 | acquisition_addition | completed | 2015-01-30 | 2015-01-30 | Global | GE Capital — GECAS (helicopter leasing) | USD 1,750 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Milestone Aviation Group acquired for ~$1.75B on January 30, 2015. No headcount added disclosed. | ||
| 2015-06-30 | divestiture_reduction | in_progress | 2014-09-30 | 2015-12-31 | United States | Appliances | USD 3,300 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell Appliances business to Electrolux for ~$3.3B; DOJ sought to enjoin the sale on July 1, 2015. No headcount reduction disclosed. | ||
| 2015-06-30 | other | completed | 2015-06-01 | United States | Corporate / All Segments | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Negotiated new four-year collective bargaining agreements with most U.S. unions. No specific headcount or financial impact disclosed. | ||||
| 2015-06-30 | restructuring | in_progress | 2015-04-10 | 2016-12-31 | Global | GE Capital / Corporate | USD 3 (billions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | GE Capital Exit Plan includes approximately $3 billion in restructuring and other charges through 2016. Specific employee counts affected are not disclosed in this filing. | ||
| 2015-03-31 | restructuring | in_progress | 2015-04-10 | 2016-12-31 | Global | GE Capital (Financial Services) | USD 23,000 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Plan to sell most GECC assets over 24 months; ~$23B after-tax charges through 2016 (~$6B cash); no employee counts disclosed. Q1 charges: $16.1B after-tax ($13.8B continuing ops). | ||
| 2015-03-31 | restructuring | in_progress | Global | Corporate | USD 422 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q1 2015 restructuring and other charges of $422M (vs $376M in Q1 2014); no employee counts or program details disclosed in this filing. | ||||
| 2015-03-31 | acquisition_addition | completed | 2015-01-30 | 2015-01-30 | Global | GE Capital — GECAS (helicopter leasing) | USD 1,750 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Milestone Aviation Group for ~$1.75B; headcount added not disclosed. | ||
| 2015-03-31 | divestiture_reduction | in_progress | 2015-03-31 | 2015-12-31 | Global | GE Capital — Real Estate (discontinued operations) | USD 2,354 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Real Estate classified as discontinued operations with $2.4B after-tax loss on planned disposal; Blackstone-led deal valued ~$26.5B; headcount not disclosed. | ||
| 2015-03-31 | divestiture_reduction | in_progress | 2015-03-31 | 2015-12-31 | Australia, New Zealand | GE Capital — Consumer (ANZ Consumer Lending) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell ANZ consumer finance to KKR/Varde/Deutsche Bank consortium for ~A$6.8B and NZ$1.4B; assets $6.1B; headcount not disclosed. | |||
| 2015-03-31 | divestiture_reduction | announced | 2014-12-31 | 2015-12-31 | France | Transportation — Signaling | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement signed in Q4 2014 to sell Signaling business to Alstom for ~$800M; headcount not disclosed. | |||
| 2015-03-31 | divestiture_reduction | announced | 2014-12-31 | 2015-12-31 | Hungary | GE Capital — Consumer (Budapest Bank) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement signed in Q4 2014 to sell Budapest Bank to Hungary's government; headcount not disclosed. | |||
| 2015-03-31 | divestiture_reduction | in_progress | 2014-09-30 | 2015-06-30 | United States | Appliances & Lighting — Appliances | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement signed in Q3 2014 to sell Appliances business to Electrolux for ~$3.3B; targeted to close mid-2015; headcount not disclosed. | |||
| 2015-03-31 | restructuring | in_progress | 2015-04-10 | Global | Corporate / GE Capital | USD 3 (billions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Company announced GE Capital Exit Plan on April 10, 2015. Estimated after-tax charges through 2016 include approximately $3 billion for restructuring and other charges. Employee count affected not disclosed. | |||
| 2014-12-31 | divestiture_reduction | announced | 2014 | 2015-06 | Appliances & Lighting (Appliances business) | USD 65 (millions) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Agreement signed in Q3 2014 to sell Appliances business to Electrolux for approximately $3.3 billion; targeted to close mid-2015, subject to regulatory approvals. No affected-employee count disclosed. The filing records a $65 million pension curtailment loss (Note 12) resulting from this agreement, classified here as 'other' since it is a pension curtailment rather than severance. Other 2014 dispositions (GEMB-Nordic, Budapest Bank agreement, Signaling to Alstom) were disclosed without employee counts. | |||
| 2014-12-31 | restructuring | in_progress | Global | Corporate and industrial segments | USD 1,788 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | FY2014 restructuring and other charges of $1,788 million; employee counts not disclosed. Includes impairment and asset write-offs at Power & Water and a curtailment loss on principal retirement plans. | ||||
| 2014-12-31 | divestiture_reduction | announced | 2014-07-01 | 2015-06-30 | United States | Appliances & Lighting | USD 3,300 (millions) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell Appliances business to Electrolux for $3.3 billion, targeted to close mid-2015; headcount impact not disclosed. Business classified as held for sale in Q3 2014. | ||
| 2014-12-31 | divestiture_reduction | announced | 2014-10-01 | 2015-12-31 | Global | Transportation — Signaling | USD 800 (millions) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement signed in Q4 2014 to sell Signaling business to Alstom for approximately $0.8 billion; targeted to close in 2015; headcount impact not disclosed. | ||
| 2014-12-31 | divestiture_reduction | completed | 2014-06-01 | 2014-11-06 | Sweden, Denmark, Norway | GE Capital — Consumer (GEMB-Nordic) | USD 2,320 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of GE Money Bank AB consumer finance business to Santander completed 2014-11-06 for proceeds of $2,320 million; headcount impact not disclosed. | ||
| 2014-12-31 | divestiture_reduction | announced | 2014-10-01 | 2015-12-31 | Hungary | GE Capital — Consumer (Budapest Bank) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement signed in Q4 2014 to sell Budapest Bank to Hungary's government; targeted to close in 2015; headcount impact not disclosed. | |||
| 2014-12-31 | divestiture_reduction | completed | 2014-08-05 | 2014-08-05 | United States | GE Capital — Synchrony Financial (North American Retail Finance) | USD 2,842 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | IPO of Synchrony Financial completed 2014-08-05 with net proceeds of $2,842 million; GE retained approximately 85% ownership; headcount impact not disclosed. | ||
| 2014-12-31 | acquisition_addition | completed | 2014-02-12 | 2014-02-12 | United States | Healthcare | USD 340 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of API Healthcare for $340 million cash; headcount added not disclosed. | ||
| 2014-12-31 | acquisition_addition | completed | 2014-03-21 | 2014-03-21 | Global | Healthcare — Life Sciences | USD 1,065 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of certain Thermo Fisher Scientific life-science businesses for $1,065 million cash; headcount added not disclosed. | ||
| 2014-12-31 | acquisition_addition | completed | 2014-06-02 | 2014-06-02 | United States | Oil & Gas | USD 550 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Cameron's Reciprocating Compression division for $550 million; headcount added not disclosed. | ||
| 2014-12-31 | acquisition_addition | announced | 2015-01-30 | 2015-01-30 | Global | GE Capital — GECAS (Milestone Aviation Group) | USD 1,800 (millions) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Subsequent event: GECAS acquired Milestone Aviation Group helicopter leasing business for approximately $1.8 billion on 2015-01-30; headcount added not disclosed. | ||
| 2014-12-31 | other | announced | 2014-06-20 | 2015-12-31 | Global | Power & Water and Energy Management (Alstom Thermal, Renewables and Grid) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Offer to acquire Alstom's Thermal, Renewables and Grid businesses for approximately €12.4 billion, positively recommended 2014-06-20; targeted to close 2015; headcount impact not disclosed. | |||
| 2014-09-30 | divestiture_reduction | announced | 2015-12-31 | Global | Appliances & Lighting | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement signed in Q3 2014 to sell the Appliances business to Electrolux for $3.3 billion; assets $2,619M and liabilities $807M classified as held for sale. Exact signing date and affected headcount not disclosed; targeted to close in 2015. | ||||
| 2014-09-30 | divestiture_reduction | in_progress | 2014-12-31 | Sweden, Denmark, Norway | GE Capital — Consumer finance (GEMB-Nordic) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Committed in Q2 2014 to sell GE Money Bank AB to Santander; assets $3,158M and liabilities $914M held for sale, targeted to close in Q4 2014. Affected headcount not disclosed. | ||||
| 2014-09-30 | acquisition_addition | announced | 2014-06-20 | 2015-12-31 | France / Global | Power & Water — Thermal, Renewables and Grid | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Pending acquisition of Alstom's Thermal, Renewables and Grid businesses for $13.5 billion net of assumed net cash; subject to shareholder and regulatory approvals, targeted to close in 2015. Headcount to be added not disclosed. | |||
| 2014-09-30 | acquisition_addition | announced | 2014-10-13 | 2015-12-31 | Global | GE Capital — GE Capital Aviation Services (GECAS) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Post-quarter announcement (October 13, 2014) of agreement to acquire Milestone Aviation Group, a helicopter leasing business, for approximately $1.8 billion; subject to closing conditions and regulatory approval, targeted to close in 2015. Headcount to be added not disclosed. | |||
| 2014-09-30 | restructuring | announced | 2014-09-30 | 2015-12-31 | United States | Appliances & Lighting | USD 0 (billions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Agreement to sell Appliances business to Electrolux resulted in a $0.1 billion curtailment loss on principal retirement plans. Employee count not disclosed. | ||
| 2014-03-31 | acquisition_addition | completed | 2014-02-12 | 2014-02-12 | United States | Healthcare | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | API Healthcare acquired for $340 million cash; headcount added not disclosed | |||
| 2014-03-31 | acquisition_addition | completed | 2014-03-21 | 2014-03-21 | United States | Healthcare | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Certain Thermo Fisher life-science businesses (Hyclone) acquired for $1,065 million cash; headcount added not disclosed | |||
| 2014-03-31 | divestiture_reduction | completed | 2013-10-01 | 2014-03-31 | Russia | GE Capital — Consumer | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Consumer Russia sale completed in Q1 2014 for $232 million proceeds; $170 million loss on planned disposal recorded in Q4 2013; headcount removed not disclosed | |||
| 2014-03-31 | acquisition_addition | announced | 2014-04-30 | 2015-12-31 | France | Power & Water | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Binding offer submitted to acquire Alstom's Thermal, Renewables and Grid businesses for $13.5 billion net of assumed cash; subject to approvals, expected to close in 2015; headcount not disclosed | |||
| 2013-12-31 | divestiture_reduction | completed | 2013-02-12 | 2013-03-19 | United States | Corporate (NBCUniversal LLC 49% interest) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of remaining 49% common equity interest to Comcast for $16,722 million consideration; pre-tax gain of $1,096 million. Headcount not disclosed. | |||
| 2013-12-31 | acquisition_addition | completed | 2013-07-01 | United States | Oil & Gas | USD 3,309 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Lufkin Industries, Inc. for $3,309 million cash; goodwill of $2,027 million. Employees added not disclosed. | |||
| 2013-12-31 | acquisition_addition | completed | 2013-08-01 | Italy | Aviation | USD 4,449 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Avio aviation business for $4,449 million cash; goodwill of $3,043 million. Employees added not disclosed. | |||
| 2013-12-31 | divestiture_reduction | completed | 2013-01-01 | 2013-12-31 | Europe | GE Capital — Commercial Lending and Leasing (CLL Trailer Services) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Announced in Q1 2013 and classified as discontinued operations; sale completed Q4 2013 for proceeds of $528 million. Headcount not disclosed. Announcement date approximate (first quarter 2013). | |||
| 2013-12-31 | divestiture_reduction | announced | 2013-10-01 | Russia | GE Capital — Consumer (Consumer Russia) | USD 170 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Loss on planned disposal of $170 million (part of $193 million after-tax loss from discontinued operations). Headcount not disclosed. Announcement date approximate (fourth quarter 2013). | |||
| 2013-12-31 | divestiture_reduction | completed | 2013-12-31 | Switzerland | GE Capital — Consumer (Cembra Money Bank AG) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Partial divestiture via IPO; pre-tax gain of $351 million. Headcount not disclosed. | ||||
| 2013-12-31 | divestiture_reduction | completed | 2013-12-31 | Thailand | GE Capital — Consumer (Bank of Ayudhya) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Pre-tax gain of $641 million. Headcount not disclosed. | ||||
| 2013-12-31 | divestiture_reduction | completed | 2013-07-15 | Portugal | GE Capital — Consumer (auto and personal loan business) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Proceeds of $83 million. Headcount not disclosed. | ||||
| 2013-12-31 | divestiture_reduction | completed | 2013-12-02 | United States | Aviation (machining and fabrication businesses) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Proceeds of $108 million. Headcount not disclosed. | ||||
| 2013-12-31 | divestiture_reduction | announced | 2013-11-15 | 2015-12-31 | United States | GE Capital — Consumer (North American Retail Finance) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | IPO of up to 20% of equity planned for 2014; full exit intended in 2015 via split-off. Announced after fiscal year-end planning but during FY2013. Headcount not disclosed. | |||
| 2013-12-31 | acquisition_addition | completed | 2013-01-11 | United States | GE Capital — Consumer (MetLife Bank deposit business) | USD 6,400 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Deposit franchise and online banking platform acquired; employees added not disclosed. Charge value reflects deposit balance acquired, not a charge. | |||
| 2013-12-31 | restructuring | in_progress | Global | Corporate items and eliminations / multiple industrial segments | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | GE discloses restructuring, rationalization and other charges but does not provide a restructuring footnote with employee counts, severance roll-forward, or affected-headcount disclosure in this filing. Employees affected not disclosed. | |||||
| 2012-12-31 | other | completed | 2011 | United States | Production employees (most U.S. unions) | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Four-year collective bargaining agreements with most U.S. unions were negotiated in 2011. Changes took effect January 1, 2012: all production employees moved to a new consumer-directed health plan, and production employees hired on or after that date are enrolled in a defined contribution retirement program instead of the GE Pension Plan. No separate affected-employee count disclosed. | ||||
| 2012-12-31 | divestiture_reduction | completed | 2012 | 2012 | Ireland | GE Capital — Consumer | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Planned disposition announced in Q1 2012 and sale completed in Q3 2012 for proceeds of $227 million; classified as discontinued operations. Headcount not disclosed. Exact announcement month not stated. | |||
| 2012-12-31 | divestiture_reduction | completed | 2012 | 2012-10-01 | United States | GE Capital — Real Estate (Business Properties) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of a portion of the Business Properties portfolio (loans, origination and servicing platforms) completed October 1, 2012 for proceeds of $2,406 million; related Real Estate securitization entities deconsolidated in Q4 2012. Headcount not disclosed. | |||
| 2012-12-31 | acquisition_addition | completed | 2012-11-30 | Australia | Transportation | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Industrea Limited, a mining products and services provider, completed November 30, 2012. Announcement date and acquired headcount not disclosed. | ||||
| 2012-12-31 | acquisition_addition | announced | 2012-12-21 | Italy | Aviation | USD 4,300 (millions) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement announced December 21, 2012 to purchase the aviation business of Avio S.p.A. for $4.3 billion; purchase price shown, not a severance charge. Headcount not disclosed. | |||
| 2012-12-31 | divestiture_reduction | announced | 2013-02-12 | 2013-03-31 | United States | GE Corporate Items and Eliminations (NBCUniversal LLC 49% interest) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Subsequent event: agreement to sell remaining 49% equity interest in NBCU LLC to Comcast plus NBCU floors at 30 Rockefeller Center, expected to close by end of Q1 2013. Consideration disclosed as approximately $16.7 billion for the equity interest and $1.4 billion for the real estate. Headcount not disclosed. | |||
| 2012-12-31 | acquisition_addition | completed | 2013-01-11 | United States | GE Capital — Consumer (GE Capital Retail Bank) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Subsequent event: acquisition of the deposit business of MetLife Bank, N.A. completed January 11, 2013, adding approximately $6.4 billion in U.S. retail deposits and an online banking platform. Headcount not disclosed. | ||||
| 2012-09-30 | other | announced | 1 | 2012-07-24 | 2012-12-31 | United States | Executive / Corporate | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Executive separation: John Krenicki, Vice Chairman, effective 2012-12-31, with non-compete in power, energy, or water businesses. Includes accelerated vesting of stock options and minimum 2012 incentive compensation of $2.9 million. | ||
| 2011-12-31 | divestiture_reduction | completed | 2009-12 | 2011-01-28 | Global (U.S.-headquartered media business) | NBCU (formerly consolidated; reported in Corporate items and eliminations) | other f5-10k / GLM-5.3-flash-HTML | NBCU assets transferred to NBCUniversal LLC on January 28, 2011 in exchange for $6,176 million cash from Comcast and a 49% interest; NBCU was deconsolidated and is now an equity method investment. Headcount transferred not disclosed. Pre-tax gain on the transaction was $3,705 million. | |||
| 2011-12-31 | acquisition_addition | completed | 2011-02-01 | Energy Infrastructure — Energy / Oil & Gas | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Acquisition of Dresser, Inc. completed February 1, 2011; added gas engine technologies to the Energy portfolio, with three business units subsequently transferred to Oil & Gas in 2011. Goodwill recognized of $2,178 million. Headcount added not disclosed. | |||||
| 2011-12-31 | acquisition_addition | completed | 2011-02-04 | Energy Infrastructure — Oil & Gas | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Acquisition of Wellstream PLC completed February 4, 2011; expanded Oil & Gas portfolio with flexible subsea risers and flow lines. Goodwill recognized of $810 million. Headcount added not disclosed. | |||||
| 2011-12-31 | divestiture_reduction | completed | 2010 | 2011 | United States | GE Capital — Consumer (recreational vehicle and marine equipment financing) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Agreement to sell the U.S. recreational vehicle and marine equipment financing portfolio entered in Q4 2010 and classified as discontinued operations; sale completed in Q1 2011 for proceeds of $2,365 million. Headcount not disclosed. | |||
| 2011-12-31 | divestiture_reduction | completed | 2010 | 2011 | Canada | GE Capital — Consumer | other f5-10k / GLM-5.3-flash-HTML | Sale of the Consumer business in Canada, committed in 2010, completed in Q1 2011 for proceeds of $1,429 million. Headcount not disclosed. | |||
| 2011-12-31 | acquisition_addition | completed | 2011-03-02 | Energy Infrastructure — Energy | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Acquisition of Lineage Power Holdings, Inc. completed March 2, 2011; provider of high-efficiency power conversion infrastructure technology and services for telecommunications and datacenter industries. Goodwill recognized of $256 million. Headcount added not disclosed. | |||||
| 2011-12-31 | divestiture_reduction | completed | 2010 | 2011 | Mexico | GE Capital — Consumer | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Agreement entered in Q4 2010 and classified as discontinued operations; sale completed in Q2 2011 for proceeds of $1,943 million. Headcount not disclosed. | |||
| 2011-12-31 | divestiture_reduction | completed | 2010 | 2011 | Brazil | GE Capital — Consumer | other f5-10k / GLM-5.3-flash-HTML | Sale of the Consumer business in Brazil, committed in 2010, completed in Q2 2011 for proceeds of $22 million. Headcount not disclosed. | |||
| 2011-12-31 | divestiture_reduction | completed | 2011 | 2011 | Singapore | GE Capital — Consumer | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Agreement entered in Q1 2011 for $692 million and classified as discontinued operations; sale completed in Q2 2011 with an after-tax gain on disposal of $319 million. Headcount not disclosed. | |||
| 2011-12-31 | divestiture_reduction | completed | 2010 | 2011 | GE Capital — Real Estate (Interpark business) | other f5-10k / GLM-5.3-flash-HTML | Sale of the Real Estate Interpark business, committed in 2010, completed in Q2 2011 for proceeds of $704 million. Headcount not disclosed. | ||||
| 2011-12-31 | acquisition_addition | completed | 2011-04-26 | Energy Infrastructure — Oil & Gas | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Acquisition of the Well Support division of John Wood Group PLC completed April 26, 2011; adds equipment including electrical submersible pumps for mature oil and gas fields. Goodwill recognized of $2,036 million. Headcount added not disclosed. | |||||
| 2011-12-31 | divestiture_reduction | completed | 2010 | 2011 | Argentina | GE Capital — Consumer | other f5-10k / GLM-5.3-flash-HTML | Sale of the Consumer business in Argentina, committed in 2010, completed in Q3 2011 for proceeds of $41 million. Headcount not disclosed. | |||
| 2011-12-31 | divestiture_reduction | completed | 2011 | 2011 | Australia and New Zealand | GE Capital — Consumer (home lending) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Agreement entered in Q2 2011 and classified as discontinued operations; home lending operations sold in Q3 2011 for proceeds of approximately $4,577 million, with an after-tax loss of $148 million recognized in 2011. Headcount not disclosed. | |||
| 2011-12-31 | acquisition_addition | completed | 2011-09-02 | Energy Infrastructure | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Purchased a 90% interest in Converteam for $3,586 million on September 2, 2011; provider of electrification and automation equipment and systems. GE agreed to buy the remaining 10% at the two-year anniversary for approximately $470 million. Goodwill recognized of $3,411 million. Headcount added not disclosed. | |||||
| 2011-12-31 | divestiture_reduction | completed | 2011 | 2011 | Global | GE Capital — Commercial Lending and Leasing (marine container leasing) | other f5-10k / GLM-5.3-flash-HTML | Committed in Q3 2011 to sell controlling interests in the GE SeaCo joint venture and other owned marine container assets; sale completed in Q4 2011 for proceeds of $500 million. Headcount not disclosed. | |||
| 2011-12-31 | divestiture_reduction | completed | 2011 | 2011 | Mexico | GE Capital — Commercial Lending and Leasing (trailer fleet services) | other f5-10k / GLM-5.3-flash-HTML | Committed in Q3 2011; sale of the CLL trailer fleet services business in Mexico completed in Q4 2011 for proceeds of $111 million. Headcount not disclosed. | |||
| 2011-12-31 | divestiture_reduction | announced | 2011 | Latvia | GE Capital — Consumer (business banking operations) | other f5-10k / GLM-5.3-flash-HTML | Commitment in Q2 2011 to sell the GE Capital Consumer business banking operations in Latvia; classified as businesses held for sale. Headcount not disclosed. | ||||
| 2011-12-31 | divestiture_reduction | in_progress | 2010 | South Korea | GE Capital — Commercial Lending and Leasing | other f5-10k / GLM-5.3-flash-HTML | Commitment in 2010 to sell a CLL business in South Korea; completion not reported in this filing. Headcount not disclosed. | ||||
| 2011-12-31 | divestiture_reduction | completed | 14,000 | 2011-01-28 | 2011-01-28 | United States | Corporate items and eliminations (NBC Universal) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | NBCU deconsolidated effective January 28, 2011; count reflects NBCU employees of 14,000 reported at year-end 2010 (shown as nil at year-end 2011), not a separately disclosed affected-employee figure. | ||
| 2011-12-31 | acquisition_addition | completed | 2011-02-01 | 2011-02-01 | Global | Energy Infrastructure / Oil & Gas | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Dresser, Inc. completed February 1, 2011; acquired headcount not disclosed. | |||
| 2011-12-31 | acquisition_addition | completed | 2011-02-04 | 2011-02-04 | United Kingdom | Oil & Gas | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Wellstream PLC completed February 4, 2011; acquired headcount not disclosed. | |||
| 2011-12-31 | acquisition_addition | completed | 2011-03-02 | 2011-03-02 | Global | Energy Infrastructure | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Lineage Power Holdings, Inc. completed March 2, 2011; acquired headcount not disclosed. | |||
| 2011-12-31 | acquisition_addition | completed | 2011-04-26 | 2011-04-26 | Global | Oil & Gas | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of the Well Support division of John Wood Group PLC completed April 26, 2011; acquired headcount not disclosed. | |||
| 2011-12-31 | acquisition_addition | completed | 2011-09-02 | 2011-09-02 | Global | Energy Infrastructure | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Purchase of a 90% interest in Converteam completed September 2, 2011; acquired headcount not disclosed. | |||
| 2011-12-31 | divestiture_reduction | completed | 2011-12-31 | 2011-12-31 | Global | GE Capital — Consumer and Commercial Lending and Leasing | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | During 2011 GE completed sales of Consumer Singapore, Australian Home Lending, Consumer Mexico, Consumer RV Marine, Consumer Canada, Consumer Argentina, Consumer Brazil, Real Estate Interpark, the CLL marine container leasing business and the CLL trailer fleet services business in Mexico; associated headcount reductions not disclosed. Announcement date shown as fiscal year-end because individual commitment dates are not all specified. | |||
| 2011-12-31 | restructuring | in_progress | Global | Corporate items and eliminations; multiple segments | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Filing references restructuring, rationalization and other charges incurred during 2011 (including acquisition-related costs), but discloses no affected-employee counts, announcement dates or completion timelines. | |||||
| 2011-12-31 | other | completed | United States | Manufacturing and service operations | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | During 2011 GE negotiated four-year agreements with most of its U.S. unions covering approximately 15,800 represented employees; agreements modestly increase costs and introduce a consumer-directed health plan and, for production employees hired on or after January 1, 2012, a defined contribution retirement plan in place of the GE Pension Plan. | |||||
| 2011-09-30 | other | completed | 2011-06-30 | United States | Most U.S. union-represented employees | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Four-year collective bargaining agreements negotiated in June 2011, ratified by unions and approved by the GE Board on 2011-07-29; modestly increase costs and add new health/pension plan features effective 2012-01-01. No employee counts disclosed. | ||||
| 2011-09-30 | acquisition_addition | completed | Global | Energy Infrastructure | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Four Energy Infrastructure acquisitions completed in 2011 YTD: Dresser Inc. (2011-02-01, $3.2B), Wellstream PLC (2011-02-03, $1.3B), Well Support division of John Wood Group PLC (2011-04-26, $2.8B), Converteam (2011-09-02, $4.1B). Headcount added not disclosed. | |||||
| 2011-09-30 | divestiture_reduction | completed | Global | NBC Universal (Corporate items and eliminations) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | NBCU deconsolidated 2011-01-28 in exchange for $6.2B cash and 49% interest in NBCUniversal LLC; headcount removed not disclosed. | |||||
| 2011-09-30 | divestiture_reduction | completed | Australia / New Zealand | GE Capital Consumer — Australian Home Lending | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of Australian Home Lending operations completed in Q3 2011 for approximately $4,577 million proceeds; classified as discontinued operations. Headcount not disclosed. | |||||
| 2011-09-30 | other | completed | 2011-06-01 | United States | Production Employees | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Tentative labor agreements negotiated with most U.S. unions in June 2011 and approved by the Board on July 29, 2011. Agreements implement new features focusing on cost containment for health and pension plans. | ||||
| 2011-06-30 | other | completed | 2011-06-30 | 2011-07-29 | United States | Most U.S. unions | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Tentative four-year labor agreements negotiated in June 2011, accepted by unions and approved by the GE Board on 2011-07-29. Agreements modestly increase costs and introduce a consumer-directed health plan effective 2012-01-01; production employees hired on/after that date move to a defined contribution plan instead of the GE Pension Plan. No affected-employee count disclosed. | |||
| 2010-12-31 | restructuring | in_progress | Incandescent lighting manufacturing sites (closure locations not disclosed); reinvestment in energy-efficient manufacturing at Louisville, Kentucky and Bloomington, Indiana, United States | Home & Business Solutions — Appliances and Lighting | USD 0 (billions) | MD&A f5-10k / GLM-5.3-flash-HTML | Business repositioning involves eliminating capacity at incandescent lighting manufacturing sites while investing in energy-efficient product manufacturing; no headcount or severance figure is disclosed for the action. The ~$0.3B is the segment's 2010 unallocated restructuring, rationalization and other charges per Corporate Items and Eliminations and is not solely attributable to this program. | ||||
| 2010-12-31 | other | announced | 2011-01-01 | United States | GE Pension Plan — salaried employees commencing service on or after the effective date | other f5-10k / GLM-5.3-flash-HTML | Benefits program change, not a headcount reduction: effective January 1, 2011, salaried employees commencing service on or after that date are ineligible for the GE Pension Plan and will instead participate in a defined contribution retirement plan. The GE Supplementary Pension Plan was similarly amended, closing its annuity-benefit part to employees who did not participate as of December 31, 2010. Date shown is the effective date, not a completion date. | ||||
| 2010-12-31 | divestiture_reduction | completed | 2009-11-12 | 2010-02-28 | United States | GE Corporate Items and Eliminations — Security business | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of the Security business (formerly GE Homeland Protection) completed February 28, 2010 for $1,787 million; headcount not disclosed. | |||
| 2010-12-31 | divestiture_reduction | completed | 2010-10-01 | 2010-12-31 | Central America | GE Capital — Consumer (BAC Credomatic GECF Inc.) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of 100% interest completed in Q4 2010 for $1,920 million; classified as discontinued operations. Headcount not disclosed. | |||
| 2010-12-31 | divestiture_reduction | in_progress | 2010-10-01 | United States; Mexico | GE Capital — Consumer (Consumer RV Marine, Consumer Mexico) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreements to sell the U.S. recreational vehicle and marine equipment financing portfolio and Consumer Mexico entered into in Q4 2010 for approximately $2.4 billion and $2.0 billion respectively; classified as discontinued operations. Headcount not disclosed. | ||||
| 2010-12-31 | divestiture_reduction | in_progress | 2010-01-01 | Argentina; Brazil; Canada; South Korea | GE Capital — Consumer; Commercial Lending and Leasing; Real Estate (Interpark) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | During 2010 GE committed to sell Consumer businesses in Argentina, Brazil and Canada, a CLL business in South Korea, and its Interpark business; assets of $3,127 million classified as held for sale at year-end. Headcount not disclosed. | ||||
| 2010-12-31 | other | announced | 2011-01-28 | 2011-01-28 | United States | NBC Universal | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | On January 28, 2011 GE transferred the NBCU assets into a newly formed entity with Comcast, receiving $6.2 billion cash and a 49% interest; NBCU deconsolidated and now equity-method accounted. Headcount not disclosed. | |||
| 2010-12-31 | acquisition_addition | completed | 2010-01-01 | 2010-12-31 | United States | Technology Infrastructure (Clarient, Inc.); GE Capital (Citi Retail Partner Cards, RBS financing portfolios) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2010 acquisitions included Clarient, Inc. ($425 million goodwill at Technology Infrastructure), sales finance portfolios purchased from Citi Retail Partner Cards in October 2010, and certain Royal Bank of Scotland financing businesses. Headcount added not disclosed. | |||
| 2010-12-31 | acquisition_addition | announced | 2011-02-03 | 2011-02-03 | United Kingdom | Energy Infrastructure — Oil & Gas (Wellstream PLC) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Subsequent-event acquisition of Wellstream PLC, expanding the subsea flexible risers and flowlines portfolio. Headcount added not disclosed. | |||
| 2010-12-31 | other | in_progress | 2011-06-30 | 2011-06-30 | United States | GE manufacturing and service operations (unionized workforce) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Four-year collective bargaining contracts negotiated in 2007 covering a substantial majority of U.S. unionized employees terminate in June 2011; GE states results of 2011 negotiations cannot be predicted and past negotiations increased costs. Approximately 15,200 employees represented by about 105 union locals. | |||
| 2009-12-31 | acquisition_addition | completed | 16,000 | 2009-06-25 | 2009-06-25 | Capital Finance (GECS — Consumer) | other f5-10k / GLM-5.3-flash-HTML | GE acquired a controlling interest in BAC Credomatic GECF Inc. for $623 million, raising ownership from 49.99% to 75%; remeasurement of the previously held equity investment produced a $343 million pre-tax gain. The 16,000 figure is BAC's year-end 2009 headcount as newly presented in the filer's employee table, i.e., headcount added to the consolidated workforce through the consolidation. | |||
| 2009-12-31 | divestiture_reduction | completed | 2009-03 | 2009-03 | Capital Finance (Commercial Lending and Leasing) | other f5-10k / GLM-5.3-flash-HTML | First quarter 2009 deconsolidation of Penske Truck Leasing Co., L.P. (PTL) after GE sold a 1% limited partnership interest, removing roughly $7.0 billion of assets from the balance sheet; GE retained a 49.9% partnership interest plus loans and advances, and recognized a $296 million pre-tax gain. PTL consolidated assets were $7.4 billion at Dec 31, 2008. Headcount affected not disclosed. | ||||
| 2009-12-31 | divestiture_reduction | completed | 2009-01-07 | 2009-01-07 | Austria; Finland; United Kingdom; Ireland | Capital Finance (Consumer) | other f5-10k / GLM-5.3-flash-HTML | GE exchanged its Consumer businesses in Austria and Finland, the UK credit card and auto businesses, and the Ireland credit card business for 100% of Interbanca S.p.A. (Italian corporate bank). Assets of $7,887 million were held for sale at Dec 31, 2008; a $184 million loss (net of tax) was recognized on classification. Headcount affected not disclosed. | |||
| 2009-12-31 | divestiture_reduction | completed | 2008-12-24 | 2009-03 | Australia | Capital Finance (Consumer) | other f5-10k / GLM-5.3-flash-HTML | GE committed on December 24, 2008 to sell a portion of its Australian residential mortgage business, including certain underlying mortgage receivables; the sale was completed in the first quarter of 2009. Assets of $2,669 million were held for sale at Dec 31, 2008; $38 million loss net of tax. Headcount not disclosed. | |||
| 2009-12-31 | divestiture_reduction | completed | 2009 | 2009 | Technology Infrastructure (Enterprise Solutions — safety screening and detection) | Item_1_Business f5-10k / GLM-5.3-flash-HTML | During 2009, Enterprise Solutions sold an 81% interest in GE Homeland Protection, Inc. to SAFRAN; Note 8 shows a $423 million goodwill decrease from this disposition. Headcount not disclosed. | ||||
| 2009-12-31 | divestiture_reduction | announced | 2009-11-12 | 2010 | Technology Infrastructure (Enterprise Solutions — Security) | other f5-10k / GLM-5.3-flash-HTML | GE signed a definitive agreement with United Technologies Corporation to sell its security and life safety solutions business; committed November 12, 2009, with completion expected in early 2010. Assets of $1,780 million and liabilities of $282 million held for sale at Dec 31, 2009. Headcount not disclosed. | ||||
| 2009-12-31 | divestiture_reduction | announced | 2009-12-03 | NBC Universal | other f5-10k / GLM-5.3-flash-HTML | GE agreed to transfer NBCU assets to a newly formed entity combining NBCU with Comcast's cable networks, regional sports networks, certain digital properties and certain unconsolidated investments; GE to receive cash ($6,500 million, subject to adjustments) and a 49% interest. NBCU assets of $32,150 million and liabilities of $5,751 million held for sale at Dec 31, 2009; subject to regulatory approvals and expected to close within the next year. Headcount not disclosed. | |||||
| 2009-12-31 | restructuring | completed | Capital Finance | USD 0 (billions) | MD&A f5-10k / GLM-5.3-flash-HTML | FY2009 amount primarily for restructuring, rationalization and other charges; restructuring-only portion not separately stated and no employee headcount disclosed. | |||||
| 2009-12-31 | restructuring | completed | Technology Infrastructure | USD 0 (billions) | MD&A f5-10k / GLM-5.3-flash-HTML | FY2009 amount primarily for restructuring, rationalization and other charges; restructuring-only portion not separately stated and no employee headcount disclosed. | |||||
| 2009-12-31 | restructuring | completed | Energy Infrastructure | USD 0 (billions) | MD&A f5-10k / GLM-5.3-flash-HTML | FY2009 amount primarily for restructuring, rationalization and other charges; restructuring-only portion not separately stated and no employee headcount disclosed. | |||||
| 2009-12-31 | restructuring | completed | Consumer & Industrial | USD 0 (billions) | MD&A f5-10k / GLM-5.3-flash-HTML | FY2009 amount primarily for restructuring, rationalization and other charges; restructuring-only portion not separately stated and no employee headcount disclosed. | |||||
| 2009-12-31 | restructuring | completed | NBC Universal | USD 0 (billions) | MD&A f5-10k / GLM-5.3-flash-HTML | FY2009 amount primarily for restructuring, rationalization and other charges plus technology and product development costs; restructuring-only portion not separately stated and no employee headcount disclosed. | |||||
| 2009-12-31 | plant_closure | completed | Consumer & Industrial (Lighting) | MD&A f5-10k / GLM-5.3-flash-HTML | Over the two years through 2009 the segment repositioned by eliminating capacity in incandescent lighting manufacturing sites while investing in energy-efficient manufacturing (cited locations: Louisville, KY and Bloomington, IN). Specific closure sites, headcount and charge amounts not disclosed. | ||||||
| 2009-12-31 | acquisition_addition | completed | 16,000 | 2009-06-25 | 2009-06-25 | Central America | Capital Finance — Consumer | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Ownership in BAC Credomatic GECF Inc. increased from 49.99% to 75%, triggering consolidation; 16,000 employees added to reported headcount in 2009. | ||
| 2009-12-31 | divestiture_reduction | announced | 2009-11-12 | 2010-03-31 | United States | Technology Infrastructure — Enterprise Solutions (Security) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell GE Security to United Technologies; assets of $1,780M and liabilities of $282M classified held for sale at year-end. Headcount not disclosed. | |||
| 2009-12-31 | divestiture_reduction | announced | 2009-12-03 | 2010-12-31 | United States | NBC Universal | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Master agreement with Comcast to transfer NBCU assets; NBCU classified held for sale at 12/31/2009 (assets $32,150M, liabilities $5,751M). GE retains 49% interest. Headcount not disclosed. | |||
| 2009-12-31 | divestiture_reduction | completed | 2009-01-01 | 2009-12-31 | United States | Technology Infrastructure — Enterprise Solutions (Homeland Protection) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sold 81% interest in GE Homeland Protection, Inc. to SAFRAN during 2009. Headcount not disclosed. | |||
| 2009-12-31 | restructuring | in_progress | 2009-01-01 | Global | Multiple segments | USD 1,100 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Restructuring and other charges increased ~$1.1B in 2009 vs 2008, including $0.6B higher environmental remediation costs. Segment allocations: $0.4B each Capital Finance and Technology Infrastructure, $0.2B Energy Infrastructure, $0.1B Consumer & Industrial, $0.3B NBCU. Employee counts not disclosed. | |||
| 2008-12-31 | restructuring | in_progress | 2007 | Consumer & Industrial | MD&A f5-10k / GLM-5.3-flash-HTML | Plan begun in 2007 to reduce manufacturing capacity and shift work to lower-cost countries; the 2008 filing describes continued cost-reduction efforts but does not quantify headcount affected. Aggregate restructuring, rationalization and other charges of roughly $0.3 billion attributed to Consumer & Industrial within unallocated corporate items in 2008 are disclosed without workforce quantification. | |||||
| 2008-12-31 | restructuring | in_progress | Global | Capital Finance | USD 1 (billions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2008 amounts primarily related to restructuring, rationalization and other charges; includes $0.2B net losses on business exits. No employee count disclosed. | ||||
| 2008-12-31 | restructuring | in_progress | Global | NBC Universal | USD 1 (billions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2008 restructuring, rationalization and other charges; includes $0.2B technology and product development costs. No employee count disclosed. | ||||
| 2008-12-31 | restructuring | in_progress | Global | Technology Infrastructure | USD 0 (billions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2008 restructuring, rationalization and other charges; includes $0.1B technology and product development costs. No employee count disclosed. | ||||
| 2008-12-31 | restructuring | in_progress | Global | Energy Infrastructure | USD 0 (billions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2008 restructuring, rationalization and other charges. No employee count disclosed. | ||||
| 2008-12-31 | restructuring | in_progress | Global | Consumer & Industrial | USD 0 (billions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Part of a restructuring plan begun in 2007 to reduce manufacturing capacity and shift work to lower-cost countries; multi-year program, current-year charge shown. No employee count disclosed. | ||||
| 2008-12-31 | restructuring | completed | 2007-01-01 | Global | Consumer & Industrial | MD&A f5-10k / Qwen3.6-27B-Q8_0 | In 2007, Consumer & Industrial began a restructuring plan focused on reducing manufacturing capacity and transferring work to lower-cost countries. Specific employee counts not disclosed. | ||||
| 2007-12-31 | restructuring | in_progress | 2007 | Industrial — Consumer & Industrial | USD 1 (billions) | MD&A f5-10k / GLM-5.3-flash-HTML | Comprehensive multi-year restructuring plan launched in 2007 to reduce manufacturing capacity, moving to a design, source and sell model with work transferred to lower-cost countries. Industrial 2007 restructuring, rationalization and other charges of $0.5 billion include $0.1 billion of product quality issues; no employee counts disclosed. | ||||
| 2007-12-31 | restructuring | in_progress | 2007 | Healthcare | USD 0 (billions) | MD&A f5-10k / GLM-5.3-flash-HTML | 2007 amounts primarily related to restructuring, rationalization and other charges; program status, completion timing and employee counts not disclosed. | ||||
| 2007-12-31 | restructuring | in_progress | 2007 | NBC Universal | USD 0 (billions) | MD&A f5-10k / GLM-5.3-flash-HTML | 2007 restructuring, rationalization and other charges; a further $0.1 billion of technology and product development costs at NBC Universal is excluded as not restructuring-related. Employee counts not disclosed. | ||||
| 2007-12-31 | restructuring | in_progress | 2007 | Commercial Finance | USD 0 (billions) | MD&A f5-10k / GLM-5.3-flash-HTML | 2007 restructuring, rationalization and other charges; GECS amounts are presented on an after-tax basis. Employee counts not disclosed. | ||||
| 2007-12-31 | restructuring | in_progress | 2007 | Infrastructure | USD 0 (billions) | MD&A f5-10k / GLM-5.3-flash-HTML | 2007 restructuring, rationalization and other charges; program status, completion timing and employee counts not disclosed. | ||||
| 2007-12-31 | restructuring | in_progress | 2007 | GE Money | USD 0 (billions) | MD&A f5-10k / GLM-5.3-flash-HTML | 2007 restructuring, rationalization and other charges; GECS amounts are presented on an after-tax basis. Employee counts not disclosed. | ||||
| 2007-12-31 | other | completed | 2007 | United States | Manufacturing and service employees | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Union contract negotiation and ratification: four-year collective bargaining agreements negotiated in 2007 with unions representing a substantial majority of GE's roughly 20,500 unionized US employees; most contracts terminate June 2011, and a majority of the locals are affiliated with IUE-CWA. | ||||
| 2007-12-31 | divestiture_reduction | completed | 2007-08-31 | Global | Industrial (Plastics) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Plastics business sold to Saudi Basic Industries Corporation in August 2007 for $11,577 million cash; headcount removed not disclosed. Sold due to cyclicality and rising raw material costs. | ||||
| 2007-12-31 | divestiture_reduction | completed | 2007-12-31 | United States | GE Money (WMC — U.S. mortgage business) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | U.S. mortgage business sold in December 2007 for $117 million cash due to subprime pressures; headcount removed not disclosed. | ||||
| 2007-12-31 | divestiture_reduction | in_progress | 2007-09-30 | 2008-09-30 | Japan | GE Money (Lake — Japanese personal loan business) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale committed September 2007 after Japanese rate caps prevented acceptable returns; after-tax loss of $908 million recorded; sale expected to complete by end of Q3 2008; headcount not disclosed. | |||
| 2007-12-31 | restructuring | in_progress | Global | Industrial (Consumer & Industrial) | USD 1 (billions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Multi-year restructuring plan launched during 2007 to reduce manufacturing capacity, shift to a design-source-sell model and move work to lower-cost countries; 2007 unallocated charges at Industrial were about $0.5 billion including $0.1 billion of product quality issues; employees affected not disclosed. | ||||
| 2007-12-31 | acquisition_addition | completed | 2007-05-04 | Global | Infrastructure (Aviation) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Smiths Aerospace acquired from Smiths Group plc for approximately $5.2 billion cash; target described as a $2.4 billion (sales) aerospace systems company; headcount added not disclosed. | ||||
| 2007-12-31 | acquisition_addition | completed | 2008-02-04 | United States | Commercial Finance | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Merrill Lynch Capital middle-market commercial finance business acquired February 4, 2008 (over $12 billion in assets), funded by GECS debt issuance in Q1 2008; headcount added not disclosed. | ||||
| 2007-12-31 | restructuring | completed | 2007 | Global | Consumer & Industrial | USD 1 (billions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Comprehensive multi-year restructuring plan launched to reduce manufacturing capacity and transfer work to lower-cost countries. $0.5 billion in restructuring, rationalization and other charges recorded in 2007. | |||
| 2007-09-30 | other | completed | 2007-07-27 | United States | Corporate / All Segments | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Board approved new four-year labor agreements for most U.S. unions, including amendments to retiree health plans. Accumulated postretirement benefit obligation increased by $4.6 billion. | ||||
| 2007-09-30 | restructuring | completed | Corporate items and eliminations | USD 1 (billions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Higher restructuring, rationalization and other charges of $0.6 billion in Q3 2007, including higher charges for environmental matters. | |||||
| 2007-09-30 | restructuring | completed | Corporate items and eliminations | USD 1 (billions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Higher restructuring, rationalization and other charges of $1.3 billion in the first nine months of 2007, including higher charges for environmental matters. | |||||
| 2007-06-30 | other | announced | 2007-06-30 | United States | U.S. union-represented workforce | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Tentative labor agreements negotiated in June 2007 with most U.S. unions; ratified and approved by the GE Board on 2007-07-27. Remeasurement of postretirement benefit obligations expected to reduce equity about 3% in Q3 2007. No affected-employee count disclosed. | ||||
| 2007-06-30 | restructuring | in_progress | Corporate items and eliminations; multiple segments | USD 600 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q2 2007 restructuring, rationalization and other charges of $0.6 billion (YTD $0.9 billion), including charges at Industrial, Infrastructure, NBC Universal, GE Money and Healthcare; no employee counts or restructuring footnote disclosed. | |||||
| 2007-06-30 | divestiture_reduction | announced | 2007-05-31 | 2007-09-30 | Plastics business (discontinued operations) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Definitive agreement signed May 2007 to sell Plastics to Saudi Basic Industries Corporation for approximately $11.6 billion; expected to close Q3 2007 with estimated after-tax gain of about $1.5 billion. No headcount impact disclosed. | ||||
| 2007-06-30 | other | completed | 2007-06-01 | 2007-07-27 | United States | Corporate | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Negotiated tentative labor agreements with most U.S. unions, ratified and approved by Board on July 27, 2007. Reflects remeasurement of postretirement benefit obligations. | |||
| 2007-03-31 | restructuring | in_progress | Corporate items and eliminations; unallocated amounts at Industrial, Infrastructure and Healthcare | USD 0 (billions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q1 2007 restructuring and other charges of $0.3 billion (after-tax, including GECS); no employee count, announcement date, or completion date disclosed. About $0.1 billion of unallocated charges sat at each of Industrial, Infrastructure and Healthcare, including a product quality issue at Industrial. | |||||
| 2007-03-31 | restructuring | in_progress | United States | GE Money — WMC wholesale mortgage business | USD 0 (billions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | After-tax charge tied to subprime pressures; accompanying actions included rightsizing the WMC organization and lower production volume. No headcount figure disclosed. | ||||
| 2007-03-31 | restructuring | announced | Japan | GE Money — Japan consumer finance | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Restructuring actions announced in response to the December 2006 lending law and customer interest-refund claims, including consolidation of the branch network; no headcount or charge quantified. | |||||
| 2007-03-31 | restructuring | in_progress | Corporate items and eliminations | USD 300 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Includes GECS on an after-tax basis. | |||||
| 2007-03-31 | restructuring | in_progress | Japan | GE Money | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Announced restructuring actions including consolidating branch network. | |||||
| 2006-12-31 | acquisition_addition | announced | 2007-01-15 | Global | Infrastructure — Aviation | USD 4,800 (millions) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Announced acquisition of Smiths Aerospace from Smiths Group plc for approximately $4.8 billion cash; subject to U.S. and foreign regulatory approvals. No headcount disclosed. | |||
| 2006-12-31 | other | announced | 2007-01 | Global | Industrial — Plastics | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | January 2007 announcement that GE was reviewing potential disposition of its Plastics business; no headcount or completion timeline disclosed. | ||||
| 2006-12-31 | acquisition_addition | completed | 2006 | Global | Infrastructure — Water | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of ZENON Environmental Inc. completed during 2006; no headcount disclosed. | ||||
| 2006-12-31 | acquisition_addition | completed | 2006 | Global | Healthcare | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2006 acquisitions of IDX Systems Corporation and Biacore International AB; no headcount disclosed. | ||||
| 2006-12-31 | acquisition_addition | completed | 2006 | United States | NBC Universal | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of iVillage Inc. during 2006; no headcount disclosed. | ||||
| 2006-12-31 | acquisition_addition | completed | 2006 | United States; Europe; Australia | Commercial Finance | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2006 acquisitions including Arden Realty, Banque Artesia Nederland N.V., the National Australia Bank custom fleet business, and senior housing portfolios from Formation Capital; no headcount disclosed. | ||||
| 2006-12-31 | acquisition_addition | completed | 2006 | Canada | GE Money | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of the Hudson's Bay Company private-label credit card portfolio; portfolio purchase, no headcount disclosed. | ||||
| 2006-12-31 | divestiture_reduction | completed | 2006-Q3 | Global | Industrial | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of GE Supply completed in the third quarter of 2006; no headcount disclosed. | ||||
| 2006-12-31 | divestiture_reduction | completed | 2006-Q4 | Global | Industrial — Advanced Materials | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of the Advanced Materials business completed in the fourth quarter of 2006; no headcount disclosed. | ||||
| 2006-12-31 | divestiture_reduction | completed | 2006-06 | United States; Europe | Discontinued operations — GE Insurance Solutions | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | June 2006 sale of property and casualty insurance/reinsurance and European life and health operations to Swiss Re for $9,297 million; no headcount disclosed. | ||||
| 2006-12-31 | divestiture_reduction | completed | 2006-12 | United Kingdom | Discontinued operations — GE Life | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | December 2006 sale of GE Life to Swiss Re for $910 million; no headcount disclosed. | ||||
| 2006-12-31 | divestiture_reduction | completed | 2006-03 | United States | Discontinued operations — Genworth Financial | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | March 2006 secondary offering completed sale of remaining 18% Genworth investment; deconsolidation, no headcount disclosed. | ||||
| 2006-12-31 | restructuring | in_progress | 2006 | Global | Industrial | USD 200 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2006 amounts not allocated to operating segments included about $0.2 billion of restructuring and other charges at Industrial; no employee count disclosed. | |||
| 2006-12-31 | restructuring | in_progress | 2006 | Global | NBC Universal | USD 200 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | About $0.2 billion of unallocated amounts at NBC Universal, principally technology/product development costs and restructuring charges; no employee count disclosed. | |||
| 2006-12-31 | restructuring | in_progress | 2006 | Global | Healthcare | USD 100 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | About $0.1 billion of unallocated amounts at Healthcare, principally acquisition-related, restructuring and other charges; no employee count disclosed. | |||
| 2006-12-31 | other | announced | 2003 | 2007-06-30 | United States | Manufacturing and service operations (unionized) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Four-year union contracts negotiated in 2003 covering a substantial majority of represented U.S. employees terminate in June 2007; GE states past negotiations have increased costs. No workforce reduction disclosed. | |||
| 2006-09-30 | divestiture_reduction | completed | United States | Industrial (GE Supply) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of GE Supply completed during Q3 2006; reduced total assets $0.5B and total liabilities $0.3B. No employee-count impact disclosed. | |||||
| 2006-09-30 | divestiture_reduction | announced | 2006-10-13 | 2006-12-31 | United Kingdom | GE Life (discontinued insurance operations) | USD 320 (millions) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Swiss Re agreed to buy GE Life for £465M (~$863M); $320M pre-tax ($285M after tax) provision for estimated loss recorded for the nine months. No headcount disclosed; expected close Q4 2006. | ||
| 2006-09-30 | divestiture_reduction | completed | United States, Europe | GE Insurance Solutions (discontinued insurance operations) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Property/casualty, reinsurance and European life/health operations sold to Swiss Re in June 2006 for $9,297M including $1,700M debt assumption. No employee-count impact disclosed. | |||||
| 2006-09-30 | divestiture_reduction | completed | United States | Genworth Financial (discontinued insurance operations) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Remaining 18% Genworth stake sold March 2006 via secondary offering and direct sale; $516M pre-tax gain ($300M after tax). No employee-count impact disclosed. | |||||
| 2006-09-30 | acquisition_addition | completed | United States and international | Infrastructure, Industrial, Healthcare, NBC Universal, Commercial Finance, GE Money | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Nine-month 2006 acquisitions included IDX Systems, ZENON Membrane Solutions, iVillage, Arden Realty, NAB custom fleet, Formation Capital senior housing portfolios and Hudson's Bay private-label credit card portfolio. No headcount added disclosed. | |||||
| 2005-12-31 | divestiture_reduction | announced | 2005-11-18 | 2006 | Global (property & casualty and reinsurance); Europe (life and health) | GE Insurance Solutions (reported as discontinued operations; formerly Commercial Finance segment) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Agreement with Swiss Reinsurance Company to sell property and casualty, reinsurance, and European life and health operations; total consideration $8.5 billion. Closing expected in the second quarter of 2006 pending regulatory approvals. No employee headcount figure disclosed for the transferred workforce. | |||
| 2005-12-31 | divestiture_reduction | completed | 2005-09-27 | United States (headquartered consumer insurance business) | Genworth Financial, Inc. (consumer insurance; life and mortgage insurance operations; reported as discontinued operations) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Staged divestiture: ownership reduced to 27% on September 27, 2005, triggering deconsolidation, and to 18% via 2005 secondary offerings. Filer states 2005 year-end headcount excludes Genworth employees as a result of the third-quarter deconsolidation; no employee count quantified. | ||||
| 2005-12-31 | divestiture_reduction | announced | 2005-11-18 | 2006-06-30 | Global (property and casualty insurance and reinsurance; European life and health operations) | GE Insurance Solutions (previously reported in Commercial Finance) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement with Swiss Reinsurance Company to sell the businesses for $8.5 billion including assumption of $1.7 billion of debt; reported as discontinued operations for all periods. Headcount associated with the sale not disclosed. | |||
| 2005-12-31 | divestiture_reduction | in_progress | 2005-09-27 | 2006-12-31 | United States | Genworth Financial (consumer insurance) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Genworth ownership reduced from 27% to 18% during 2005 through secondary public offerings; remaining shares intended to be disposed of in 2006. Genworth employees excluded from GE year-end 2005 headcount following deconsolidation. Headcount effect not disclosed. | |||
| 2005-12-31 | acquisition_addition | completed | Global | Industrial | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Edwards Systems Technology acquired during 2005 (goodwill of $996 million); identified as the most significant 2005 Industrial acquisition. Employees added not disclosed. | |||||
| 2005-12-31 | acquisition_addition | completed | Global | Infrastructure | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Ionics, Inc. acquired during 2005 (goodwill of $681 million); identified as the most significant 2005 Infrastructure acquisition. Employees added not disclosed. | |||||
| 2005-12-31 | acquisition_addition | completed | Global | Commercial Finance | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2005 Commercial Finance acquisitions included the Transportation Financial Services Group of CitiCapital, Inventory Finance division of Bombardier Capital, Antares Capital Corp. (goodwill $407 million) and ING's portion of Heller AG. Employees added not disclosed. | |||||
| 2005-12-31 | acquisition_addition | completed | Turkey | Consumer Finance | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of a 25.5 percent voting stake in Garanti Bank, a full service bank in Turkey, described as the most significant 2005 Consumer Finance acquisition. Employees added not disclosed. | |||||
| 2005-12-31 | divestiture_reduction | announced | 2005-11-18 | 2006-06-30 | Global | GE Insurance Solutions — property & casualty insurance, reinsurance, and European life & health operations | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement with Swiss Reinsurance Company to sell P&C insurance and reinsurance businesses and European life and health operations for $8.5 billion including assumed debt. Expected to close Q2 2006. No employee headcount impact disclosed. | |||
| 2005-12-31 | divestiture_reduction | in_progress | 2005-09-27 | 2006-12-31 | United States | Genworth Financial — consumer insurance (life and mortgage insurance) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Secondary public offering in Q4 2005 reduced GE ownership in Genworth from 27% to 18%; deconsolidation occurred September 27, 2005. GE intends to dispose of remaining shares in 2006. No employee headcount impact disclosed. | |||
| 2005-12-31 | acquisition_addition | completed | United States | Industrial — Edwards Systems Technology | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition completed during 2005; goodwill of $996 million recorded. No employee headcount disclosed. | |||||
| 2005-12-31 | acquisition_addition | completed | United States | Infrastructure — Ionics, Inc. | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition completed during 2005; goodwill of $681 million recorded. No employee headcount disclosed. | |||||
| 2005-06-30 | restructuring | announced | 2005-07-05 | Global | Enterprise (11 businesses reorganized into six: GE Infrastructure, GE Industrial, GE Commercial Financial Services, NBC Universal, GE Healthcare, GE Consumer Finance) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Plans announced during Q2 2005 to reorganize 11 businesses into six, effective July 5, 2005; no employee-impact count, severance charge, or announcement date disclosed. Results in this 10-Q remain reported on the 11-business basis. | ||||
| 2005-06-30 | divestiture_reduction | completed | 2005-06-30 | United States | Insurance (Medical Professional Liability) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of Medical Protective Corporation to Columbia Insurance (Berkshire Hathaway unit) completed at the end of Q2 2005; associated headcount not disclosed. | ||||
| 2004-12-31 | acquisition_addition | completed | 2004-04 | 2004-04 | Global (target headquartered in the United Kingdom) | Healthcare | USD 0 (billions) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Acquired all outstanding shares of Amersham plc for a total purchase price of $11,279 million, primarily in GE stock (341.7 million shares). Associated charge is Healthcare acquisition-related cost, principally in-process R&D write-offs ($99 million) and transitional costs, excluded from segment results. Employee headcount added not disclosed. | ||
| 2004-12-31 | acquisition_addition | completed | 2004-05 | 2004-05 | Global | NBC Universal (media) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Combined NBC with Vivendi Universal Entertainment LLLP and related assets; 20% of NBC Universal shares issued to a Vivendi Universal subsidiary. Employee headcount impact not disclosed. | |||
| 2004-12-31 | divestiture_reduction | completed | 2004-12 | 2004-12 | Global | Equipment & Other Services (global business processing operation) | MD&A f5-10k / GLM-5.3-flash-HTML | Sold majority interest in Gecis to two private investment firms, retaining a 40% stake; cash proceeds of $0.6 billion and pre-tax gain of $0.4 billion ($0.3 billion after tax). Headcount transferred not disclosed. | |||
| 2004-12-31 | divestiture_reduction | completed | 2004 | 2004 | Consumer & Industrial (motors business) | USD 0 (billions) | MD&A f5-10k / GLM-5.3-flash-HTML | Sale of the motors business generated a $141 million gain (Note 2), more than offset by inventory obsolescence and other charges, producing the disclosed net charge excluded from segment results. Headcount impact not disclosed. | |||
| 2004-12-31 | acquisition_addition | completed | 2004-04 | United Kingdom; global | Healthcare | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Amersham plc completed April 2004 for a total purchase price of $11,279 million; headcount added not disclosed. Related Healthcare charges of about $0.4 billion (in-process R&D and transitional costs) were not allocated to segments. | ||||
| 2004-12-31 | acquisition_addition | completed | 2004-05 | United States; global | NBC Universal | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | May 2004 combination of NBC with Vivendi Universal Entertainment LLLP; acquired interest valued at $14,429 million with 20% of NBC Universal issued to a Vivendi Universal subsidiary. Headcount added not disclosed. | ||||
| 2004-12-31 | divestiture_reduction | completed | 2004-12 | Global | Equipment & Other Services | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | December 2004 sale of a majority interest in Gecis (global business processing operation) to two private investment firms; GE retained 40%. Cash proceeds $0.6 billion and a fourth-quarter pre-tax gain of $0.4 billion. Headcount removed not disclosed. | ||||
| 2004-12-31 | acquisition_addition | completed | 2004-12-31 | Australia | Consumer Finance | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | December 2004 acquisition of Australian Financial Investments Group, a residential mortgage lender with $13.2 billion in assets; expected to be accretive to earnings in 2005. Headcount added not disclosed. | ||||
| 2004-12-31 | acquisition_addition | completed | 2004-12-31 | United States; Europe | Commercial Finance; Consumer Finance | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2004 financial services acquisitions included Transamerica Finance commercial lending, IKON Office Solutions U.S. leasing, Sophia S.A. and Benchmark Group PLC (real estate), WMC Finance, and the Dillard's private-label credit card portfolio; combined increase in total assets of $32.1 billion at acquisition dates. Headcount added not disclosed for any of these transactions. | ||||
| 2004-12-31 | acquisition_addition | completed | 2004-04 | 2004-04 | United Kingdom / global | Healthcare | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Amersham plc completed April 2004 for a total purchase price of $11,279 million; acquired headcount not disclosed. | |||
| 2004-12-31 | acquisition_addition | completed | 2004-05 | 2004-05 | United States / global | NBC Universal | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | NBC combined with VUE in May 2004 to form NBC Universal; 20% of NBC Universal shares issued to a Vivendi Universal subsidiary. Headcount added not disclosed. | |||
| 2004-12-31 | divestiture_reduction | completed | 2004-12 | 2004-12 | Global | Equipment & Other Services | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | In December 2004 GE sold a majority interest in Gecis (global business processing operation) to two private investment firms, retaining a 40% investment; cash proceeds $0.6 billion. Employees removed not disclosed; announcement month only. | |||
| 2004-12-31 | divestiture_reduction | completed | 2004-05 | 2004-05 | United States | Insurance | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Approximately 30% of Genworth Financial common shares sold to the public in May 2004, with expectation to reduce ownership further over the following two years; headcount effect not disclosed. | |||
| 2004-09-30 | acquisition_addition | completed | 2004-04-08 | United Kingdom | Healthcare | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Amersham plc for $11.4 billion; no employee headcount added disclosed. Related in-process R&D write-off and transitional costs of $0.2 billion charged to operations in Q2 2004. | ||||
| 2004-09-30 | acquisition_addition | completed | 2004-05-11 | United States | NBC Universal | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Merger of NBC with Vivendi Universal Entertainment LLLP creating NBC Universal; acquired interest valued at $14.4 billion. No headcount change disclosed. | ||||
| 2004-09-30 | acquisition_addition | completed | 2004-09-30 | United States; Europe; Japan | Commercial Finance; Consumer Finance | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | 2004 financial services acquisitions (Transamerica Finance commercial lending, Sophia S.A., WMC Finance, IKON Office Solutions U.S. leasing, Benchmark Group PLC) increased total assets $19.2 billion; no employee counts disclosed. | ||||
| 2004-06-30 | acquisition_addition | completed | 2004-04-08 | United Kingdom | Healthcare | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | GE acquired all outstanding shares of Amersham plc for $11.4 billion; results consolidated from 2004-04-08. No headcount added disclosed. | ||||
| 2004-06-30 | acquisition_addition | completed | 2004-05-11 | United States | NBC Universal | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Merger of NBC with VUE completed 2004-05-11; results consolidated from that date. No headcount added disclosed. | ||||
| 2004-03-31 | acquisition_addition | completed | 2004-04-08 | United Kingdom | Healthcare | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | GE acquired all outstanding shares of Amersham plc on April 8, 2004 (341.7 million shares valued at $10.7 billion plus $0.2 billion cash); to be combined with the existing Healthcare segment. No headcount disclosed. | ||||
| 2004-03-31 | acquisition_addition | completed | 2004-03-31 | United States; France | Commercial Finance | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q1 2004 acquisitions of the commercial lending business of Transamerica Finance Corporation and Sophia S.A. (real estate, France); added approximately $14.0 billion to total assets. No employee counts disclosed. | ||||
| 2004-03-31 | acquisition_addition | completed | 2004-01-01 | United States | Equipment & Other Services | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Consolidation of Penske Truck Leasing Co., L.P. effective January 1, 2004 under FIN 46R (previously equity method); added $2.6 billion of assets and $2.1 billion of liabilities. No headcount disclosed. | ||||
| 2003-12-31 | restructuring | completed | 2002 | 2003-12-31 | Worldwide | GE worldwide industrial businesses | USD 270 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Charges were recorded in fiscal 2002 ($354 million including other related charges per the footnote; MD&A cites roughly $0.4 billion). Major elements included employee severance, lease termination, dismantlement and other exit costs. Programs were essentially completed by the end of fiscal 2003, the current reporting year. No employee count was disclosed. | ||
| 2003-12-31 | other | completed | 2003 | 2007-06 | United States | Union-represented GE manufacturing and service employees | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Collective bargaining outcome: four-year contracts negotiated in 2003 with unions representing a substantial majority of union-represented US GE employees (approximately 23,300 in total are union-represented). Most of these contracts terminate in June 2007. | |||
| 2003-12-31 | restructuring | completed | 2002 | 2003-12-31 | Worldwide | Industrial businesses | USD 354 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Charges of $270 million ($354 million including other related charges) in 2002 to rationalize certain operations and facilities. Programs were essentially completed by the end of 2003. | ||
| 2003-09-30 | divestiture_reduction | completed | 2003-08-31 | Japan; United States | Insurance; All Other GECS | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of GE Edison Life and U.S. Auto and Home to AIG completed August 2003 for about $2,150 million; no employee counts disclosed. | ||||
| 2003-09-30 | divestiture_reduction | announced | 2003-08-04 | 2003-12-31 | United States | Insurance (Financial Guaranty Insurance Company) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell controlling interest in FGIC for $1,600 million cash; expected to close in Q4 2003 subject to regulatory approvals; no headcount impact disclosed. | |||
| 2003-09-30 | divestiture_reduction | announced | 2003-09 | United States | Specialty Materials (GE Superabrasives) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Definitive agreement to sell GE Superabrasives announced in September 2003; assets of $201 million classified as held for sale; no headcount impact disclosed. | ||||
| 2003-09-30 | acquisition_addition | completed | 2003-10-09 | Finland | Medical Systems | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Post-quarter acquisition of Instrumentarium Corporation for approximately $2.1 billion; no headcount disclosed. | ||||
| 2003-09-30 | acquisition_addition | announced | 2003-10-10 | United Kingdom | Medical Systems (medical diagnostics and life sciences) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Post-quarter share exchange agreement to acquire Amersham plc, valued at about $9.5 billion diluted; up to 400 million GE shares; no headcount disclosed. | ||||
| 2003-09-30 | acquisition_addition | completed | United States | NBC | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Bravo by NBC acquisition during 2003 added $1,478 million of goodwill; no employee count disclosed. | |||||
| 2003-09-30 | acquisition_addition | completed | United States | Consumer Finance | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | First National Bank acquisition during 2003 added $680 million of goodwill; no employee count disclosed. | |||||
| 2002-12-31 | restructuring | in_progress | 2003-12-31 | Worldwide | GE worldwide industrial businesses (rationalization of operations and facilities) | USD 270 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | 2002 restructuring provision of $270M, comprising $195M employee termination benefits and $75M exit costs ($354M including other related charges). $97M used in 2002, leaving a $173M liability at year-end 2002, substantially all expected to be used by year-end 2003. Of total 2002 restructuring and other charges of $556M, $175M was attributed to segment activities (Aircraft Engines $55M, Industrial Products and Systems $33M, Materials $51M, Technical Products and Services $30M, other $6M); Power Systems separately disclosed ~$0.2B of restructuring and other charges. No employee counts disclosed. | |||
| 2002-12-31 | divestiture_reduction | completed | 2002 | 2003-01 | Germany, Austria, Portugal | IT Solutions (All Other GECS) | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Sale agreements for business units in Germany, Austria and Portugal finalized during 2002; transactions closed in January 2003. Context: ITS headcount declined from a 2000 peak of 11,000 to 6,600 at end of 2002 amid market conditions and prior-year geographic exits; headcount attributable to these specific sales was not disclosed. | |||
| 2002-12-31 | divestiture_reduction | completed | 2002-09 | Global eXchange Services (Technical Products and Services) | Item_1_Business f5-10k / GLM-5.3-flash-HTML | GE sold 90% of GE Global eXchange Services in September 2002, recognizing a $488M pre-tax gain (Note 2). No employee counts disclosed. | |||||
| 2002-12-31 | acquisition_addition | announced | 2002 | 2003 | Medical Systems (Technical Products and Services) | Item_1_Business f5-10k / GLM-5.3-flash-HTML | GE Medical Systems announced its intention in 2002 to acquire Instrumentarium Corporation, a leader in anesthesiology and critical care technology; closing expected in mid-2003. No headcount figures disclosed. | ||||
| 2002-12-31 | other | announced | 2003-06 | United States | GE union-represented manufacturing and service employees | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Three-year collective bargaining contracts negotiated in 2000 cover a substantial majority of the ~25,200 US union-represented GE employees; most terminate in June 2003. MD&A notes that uncertain negotiation outcomes could affect postretirement benefit costs in 2003 and beyond. NBC separately maintains ~120 labor agreements covering ~2,100 US staff employees with staggered expiration dates. | ||||
| 2002-12-31 | restructuring | in_progress | 2003-12-31 | Worldwide | GE worldwide industrial businesses (charges allocated to Aircraft Engines, Industrial Products and Systems, Materials, Technical Products and Services, Power Systems and corporate items) | USD 270 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2002 provision of $270M ($354M including other related charges), comprising $195M termination benefits and $75M exit costs; $97M used during 2002 leaving a $173M balance expected to be substantially used by year-end 2003. Employees affected not disclosed. Related segment allocations of the $556M total restructuring and other charges: Aircraft Engines $55M, Industrial Products and Systems $33M, Materials $51M, Technical Products and Services $30M, other $6M in corporate items; MD&A also cites about $0.2B of restructuring and other charges at Power Systems. | |||
| 2002-12-31 | restructuring | in_progress | United Kingdom, France, Brazil, Mexico, United States | All Other GECS — Information Technology Solutions | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Headcount reduced from a 2000 peak of 11,000 to 6,600 at the end of 2002 as the business exited underperforming markets and reduced its U.S. reseller role; figure is cumulative across 2000-2002 and the current-year portion is not separately disclosed. Related exit costs of $45M (2001) and $246M (2000) were reported in prior years. | |||||
| 2002-12-31 | divestiture_reduction | completed | 2002-09 | 2002-09 | United States | Technical Products and Services — Global eXchange Services (GXS) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | GE sold 90% of GXS in September 2002, generating a $488M pre-tax gain; associated headcount removed not disclosed. | |||
| 2002-12-31 | divestiture_reduction | completed | 2003-01 | Germany, Austria, Portugal | All Other GECS — Information Technology Solutions | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale agreements for IT Solutions business units in Germany, Austria and Portugal were finalized during 2002 and the transactions closed in January 2003, after fiscal year-end; headcount not disclosed. | ||||
| 2002-12-31 | restructuring | completed | 2002 | Worldwide | Industrial Businesses | USD 400 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Rationalizing certain operations and facilities of GE's worldwide industrial businesses. Employee count not disclosed. | |||
| 2002-12-31 | restructuring | completed | 2002 | Worldwide | Power Systems | USD 200 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Power Systems adjusted its cost structure. Employee count not disclosed. | |||
| 2002-12-31 | restructuring | completed | 4,400 | 2002 | 2002-12-31 | United States | IT Solutions | MD&A f5-10k / Qwen3.6-27B-Q8_0 | IT Solutions employee count reduced from 11,000 in 2000 to 6,600 at end of 2002. Reduction occurred over 2001-2002 period due to market conditions and exits. | ||
| 2002-09-30 | restructuring | in_progress | Power Systems | USD 104 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Restructuring charges of approximately $104 million before tax cited in Q3 2002 segment discussion (approximately $105 million for the nine months); no employee counts, dates, or geography disclosed. | |||||
| 2001-12-31 | divestiture_reduction | completed | France, United Kingdom | GE Capital Information Technology Solutions (IT Solutions) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | During 2001, IT Solutions exited operations in France and the UK, including through sales of portions of business units. No employee count or charge disclosed. | |||||
| 2001-12-31 | restructuring | completed | Global | GECS — All Other (exiting unprofitable insurance and financing product lines, nonstrategic investments, global operations restructuring) | USD 656 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | After-tax costs of $656M in 2001 for exiting unprofitable product lines, disposing nonstrategic assets, and restructuring global operations; included $285M asset write-downs. No employee count disclosed. | ||||
| 2001-12-31 | other | completed | United States | NBC | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | NBC recorded charges from dissolving the XFL league in 2001. No employee count or charge amount separately disclosed. | |||||
| 2001-12-31 | restructuring | completed | 2000-12-31 | Global | Industrial Businesses | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Major elements of the restructuring program included costs for employee severance, lease termination, dismantlement and site restoration. The program was essentially complete by the end of 2000. | ||||
| 2001-12-31 | restructuring | completed | 2001-12-31 | Global | GECS | USD 656 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | After-tax costs of $656 million in certain unprofitable insurance and financing product lines that are being exited; in disposing of and providing for disposition of several nonstrategic investments and other assets; and in restructuring various global operations. | |||
| 2000-12-31 | restructuring | in_progress | 2000 | GECS — Consumer Services | USD 107 (millions) | MD&A f5-10k / GLM-5.3-flash-HTML | After-tax strategic rationalization cost; primarily asset write-downs, employee severance and lease termination. Headcount affected not disclosed. | ||||
| 2000-12-31 | restructuring | in_progress | 2000 | GECS — Equipment Management | USD 191 (millions) | MD&A f5-10k / GLM-5.3-flash-HTML | After-tax strategic rationalization cost; primarily asset write-downs, employee severance and lease termination. Headcount affected not disclosed. | ||||
| 2000-12-31 | restructuring | in_progress | 2000 | GECS — Specialized Financing | USD 49 (millions) | MD&A f5-10k / GLM-5.3-flash-HTML | After-tax strategic rationalization cost; primarily asset write-downs, employee severance and lease termination. Headcount affected not disclosed. | ||||
| 2000-12-31 | other | in_progress | 2000-12-28 | GECS — All Other (Montgomery Ward retail operations) | USD 815 (millions) | MD&A f5-10k / GLM-5.3-flash-HTML | Wards filed for bankruptcy protection and began liquidation; deconsolidated from GECS. Pre-tax charge ($537 million after tax) to recognize additional bankruptcy losses, separate from $245 million of 2000 operating losses. Headcount not disclosed; GECS year-end employee data exclude Wards. | ||||
| 2000-12-31 | restructuring | completed | 1999 | 2000-12-31 | GE — worldwide industrial businesses | MD&A f5-10k / GLM-5.3-flash-HTML | Rationalization of certain operations and facilities (employee severance, lease termination, dismantlement, site restoration). Charges formed part of $326 million of 1999 unusual charges recognized in the prior year and are not attributed here; program essentially completed by end of 2000. | ||||
| 2000-12-31 | divestiture_reduction | in_progress | 2000-12-28 | United States | GECS — All Other (Montgomery Ward, LLC retail) | USD 815 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Wards filed for bankruptcy protection on 2000-12-28 and is in liquidation; charge of $815 million pre-tax ($537 million after tax) to recognize additional losses; deconsolidated from GECS. Headcount not disclosed. | |||
| 2000-12-31 | acquisition_addition | announced | 2000-10-22 | United States | Consolidated (Honeywell International Inc. merger) | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Definitive agreement approved 2000-10-22; all-stock merger at 1.055 GE shares per Honeywell share, approximately 850 million GE shares expected to be issued; pooling of interests accounting; expected to close as early as possible in 2001 subject to regulatory approvals. Employees to be added not disclosed. | ||||
| 2000-12-31 | restructuring | in_progress | United States | GECS — Consumer Services, Equipment Management, Specialized Financing | USD 347 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | After-tax strategic rationalization costs of $347 million in 2000, comprising $107 million Consumer Services, $191 million Equipment Management and $49 million Specialized Financing, primarily for asset write-downs, employee severance and lease termination. Employees affected not disclosed. | ||||
| 2000-12-31 | restructuring | completed | 2000-12-31 | Worldwide | GE worldwide industrial businesses and former manufacturing sites | USD 326 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Charges of $326 million were recorded in 1999 (prior fiscal year) for rationalizing certain operations and facilities; the program was essentially completed by the end of 2000. Employees affected not disclosed. | |||
| 2000-12-31 | other | completed | 2003-06-30 | United States | Manufacturing and service operations (labor relations) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | During 2000 GE negotiated three-year contracts with unions representing a substantial majority of represented U.S. employees; most contracts terminate in June 2003. Employees covered by the new contracts not quantified. | ||||
| 2000-12-31 | restructuring | completed | 2000-12-31 | Global | Industrial Businesses | USD 326 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Costs for rationalizing certain operations and facilities of GE's worldwide industrial businesses. Program essentially completed by end of 2000. Includes employee severance, lease termination, dismantlement and site restoration. | |||
| 2000-12-31 | restructuring | completed | 2000-12-31 | Global | GECS | USD 347 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | After-tax strategic rationalization costs of $347 million, primarily for asset write-downs, employee severance and lease termination. | |||
| 2000-12-31 | divestiture_reduction | completed | 2000-12-28 | United States | GECS - All Other | USD 537 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Montgomery Ward, LLC filed for bankruptcy protection and began liquidation proceedings. After-tax charge of $537 million related to Wards. | |||
| 2000-09-30 | restructuring | completed | 2000-09-30 | United States | GE Capital Services — information technology and mortgage servicing operations | USD 239 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | After-tax charges for asset writedowns, employee severance and facilities costs tied to third-quarter rationalization decisions; employee count not disclosed. Announcement date approximated to quarter end as filing gives only 'third quarter decisions'. | |||
| 2000-09-30 | restructuring | completed | 2000-09-30 | GE Capital Services | USD 239 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Unusual after-tax charges for asset writedowns, employee severance and other facilities costs in connection with decisions to rationalize certain information technology and mortgage servicing operations. | ||||
| 2000-09-30 | other | announced | 2000-10-22 | Corporate | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | GE agreed to acquire Honeywell in a tax-free merger. Details in 8-K filing dated October 23, 2000. | |||||
| 1999-12-31 | restructuring | completed | 1997-01-01 | 1999-12-31 | Worldwide | Industrial businesses | USD 1,243 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | 1997 restructuring charges of $1,243 million covered rationalization of production, service and administration activities; principal actions required under those plans were complete by end of 1999. Charge amount is the 1997 program total, not a 1999 charge. | ||
| 1999-12-31 | restructuring | completed | 1999-01-01 | 1999-12-31 | Worldwide | Industrial businesses | USD 326 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | 1999 unusual charges of $326 million included costs for rationalizing certain operations and facilities of GE's worldwide industrial businesses, plus environmental and NBC-related items. Filer did not disclose employee counts affected. | ||
| 1999-12-31 | restructuring | completed | 1997 | 1999-12-31 | Worldwide | Industrial Businesses | USD 1,243 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | 1997 restructuring charges of $1,243 million covered costs of plans to rationalize production, service and administration activities. Principal actions required under those plans were complete by the end of 1999. Employee count not explicitly disclosed for this specific action in the text provided. | ||
| 1999-03-31 | restructuring | in_progress | 1999-12-31 | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | MD&A states restructuring expenditures continued in the quarter and substantially all of the restructuring charge is expected to be utilized by year-end 1999; no employee-affected count, charge amount, geography, or segment is disclosed. | ||||||
| 1998-12-31 | restructuring | completed | 1997-12-31 | 1999-12-31 | Global | Various | USD 1,243 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Aggregate restructuring charges of $1,243 million recorded in Q4 1997 covered costs of plans to enhance global competitiveness through rationalization of production, service and administration activities. Included $577 million of special early retirement pension, health and life benefit costs. Substantially all provision expected to be utilized by year-end 1999. Employee count not explicitly disclosed in this filing. | ||
| 1998-12-31 | voluntary_separation | completed | 1997-12-31 | 1997-12-31 | United States | Various | USD 577 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | One-time voluntary early retirement program provided to the U.S. work force in the 1997 labor contracts. Included in the $1,243 million restructuring charge. | ||
| 1997-12-31 | restructuring | in_progress | 1997-12-31 | Worldwide | Worldwide industrial businesses | USD 1,243 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Aggregate restructuring charges of $1,243M for rationalization of production, service and administration activities. Includes $577M special early retirement pension/health/life benefits. Future cash outlays of ~$555M expected. Employee counts not disclosed. Segment-level charges: Aircraft Engines $67M, Appliances $330M, Broadcasting $161M, Industrial Products & Systems $352M, Materials $63M, Power Generation $176M, Technical Products & Services $157M (some include non-restructuring special charges). | |||
| 1997-12-31 | voluntary_separation | completed | 1997-12-31 | United States | U.S. workforce | USD 577 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Fourth-quarter one-time voluntary early retirement program provided to U.S. work force in the 1997 labor contracts. Included within the $1,243M restructuring charges. Employee count not disclosed. | |||
| 1997-12-31 | restructuring | in_progress | 1997-12-31 | Worldwide | Various industrial businesses | USD 1,079 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Other special charges of $1,079M for strategic decisions enhancing long-term competitiveness and fourth-quarter developments at current/former manufacturing sites. Largest component was $275M for GE90 engine program cost increases. Not all workforce-related. | |||
| 1997-12-31 | acquisition_addition | completed | United Kingdom / International | Aircraft Engines — Product Services | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Greenwich Air Services/UNC in 1997. Headcount added not disclosed. | |||||
| 1997-12-31 | acquisition_addition | completed | Ireland / Switzerland / United States | GE Capital — Consumer Services | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | 1997 acquisitions: Woodchester (Ireland auto/equipment lessor), Colonial Penn (US personal lines insurance), Bank Aufina (Swiss consumer lending). Headcount added not disclosed. | |||||
| 1997-12-31 | acquisition_addition | completed | United States | Technical Products and Services — Medical Systems | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired Lockheed Martin Medical Systems in 1997. Headcount added not disclosed. | |||||
| 1997-12-31 | acquisition_addition | completed | United States | Power Generation | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of gas turbine division of Stewart and Stevenson Services, Inc. announced in 1997. Headcount added not disclosed. | |||||
| 1997-12-31 | acquisition_addition | completed | United States | Specialty Insurance — Financial Guaranty | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | FGIC acquired Coregis Group Inc. in 1997. Headcount added not disclosed. | |||||
| 1997-12-31 | restructuring | completed | 1997-12-31 | Worldwide | Various industrial businesses | USD 1,243 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Aggregate restructuring charges of $1,243 million cover costs of plans to enhance global competitiveness through rationalization of production, service and administration activities. Includes $577 million of special early retirement pension, health and life benefit costs. Employee count not explicitly disclosed. | |||
| 1997-12-31 | restructuring | completed | 1997-12-31 | United States | Various | USD 577 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Special early retirement pension, health and life benefit costs, including a fourth-quarter, one-time voluntary early retirement program provided to the U.S. work force in the 1997 labor contracts. | |||
| 1997-12-31 | restructuring | completed | 1997-12-31 | United States | Appliances | USD 330 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Restructuring and other special charges of $330 million, principally for severance costs related to work force reductions and facility closing costs. | |||
| 1997-12-31 | restructuring | completed | 1997-12-31 | Worldwide | Broadcasting | USD 161 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Restructuring charges of $161 million associated with certain broadcast properties, primarily international properties, including asset write-offs, expected losses on subleases, and severance costs. | |||
| 1997-12-31 | restructuring | completed | 1997-12-31 | Worldwide | Industrial Products and Systems | USD 352 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Charges of $352 million, essentially all related to restructuring -- mostly for severance costs related to work force reductions and for facility closing costs. | |||
| 1997-12-31 | restructuring | completed | 1997-12-31 | Worldwide | Materials | USD 63 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Restructuring charges amounting to $63 million for severance costs related to work force reductions and outsourcing. | |||
| 1997-12-31 | restructuring | completed | 1997-12-31 | Worldwide | Power Generation | USD 176 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | $176 million recognized for restructuring, covering costs of exiting certain facilities, including severance benefits, site demolitions and associated write-offs. | |||
| 1997-12-31 | restructuring | completed | 1997-12-31 | Worldwide | Technical Products and Services | USD 157 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Aggregate charges of $157 million principally for severance costs related to work force reductions and facility closing costs. | |||
| 1997-12-31 | restructuring | completed | 1997-12-31 | Worldwide | Aircraft Engines | USD 67 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Additional charge of $67 million recorded for restructuring, covering costs associated with closing certain redundant manufacturing and warehousing facilities. | |||
| 1995-12-31 | restructuring | completed | 1993 | 1994-12-31 | Global | Various | MD&A f5-10k / Qwen3.6-27B-Q8_0 | 1993 restructuring provisions covered costs of actions that have reduced GE's cost structure. Essentially all restructuring expenditures were completed by the end of 1994. No specific employee count for 1995 is disclosed as the program was completed in prior years. | |||
| 1995-12-31 | divestiture_reduction | completed | 1993-04-02 | 1993-04-02 | United States | Aerospace | Item 1. Business f5-10k / Qwen3.6-27B-Q8_0 | GE Aerospace business segment transferred to Martin Marietta Corporation on April 2, 1993. Classified as discontinued operations. 1995 Selected Financial Data shows 0 employees in discontinued operations, down from 5,000 in 1994. | |||
| 1995-12-31 | divestiture_reduction | completed | 1994-11 | 1995-12-31 | United States | Financial Services (Kidder, Peabody) | USD 868 (millions) | Item 1. Business f5-10k / Qwen3.6-27B-Q8_0 | Liquidation of Kidder, Peabody Group Inc. initiated in November 1994. Substantially complete as of December 31, 1995. 1994 loss from discontinued operations included $868 million after-tax provision for exit costs. |