GE 2015 Annual Report Download - page 228

FINANCIAL STATEMENTS OPERATING SEGMENTS
200 GE 2015 FORM 10-K
NOTE 24. OPERATING SEGMENTS
BASIS FOR PRESENTATION
Our operating businesses are organized based on the nature of markets and customers. Segment accounting policies are the same as
described and referenced in Note 1. Segment results for our financial services businesses reflect the discrete tax effect of transactions.
Results of our equity method investment in NBCU LLC, which we sold in the first quarter of 2013 are reported in the Corporate items
and eliminations line on the Summary of Operating Segments.
A description of our operating segments as of December 31, 2015, can be found below, and details of segment profit by operating
segment can be found in the Summary of Operating Segments table in ³0DQDJHPHQW¶V Discussion and Analysis of Financial Condition
and Results of Operations´ section in this Form 10-K Report.
POWER
Power plant products and services, including design, installation, operation and maintenance services are sold into global markets.
Gas, steam and aeroderivative turbines, nuclear reactors, generators, combined cycle systems, controls and related services, including
total asset optimization solutions, equipment upgrades and long-term maintenance service agreements are sold to power generation
and other industrial customers. Water treatment services and equipment include specialty chemical treatment programs, water
purification equipment, mobile treatment systems and desalination processes.
RENEWABLE ENERGY
Renewable Energy makes power from renewable sources affordable, accessible, and reliable for the benefit of people everywhere.
With one of the broadest technology portfolios in the industry, Renewable Energy creates value for customers by providing technology
and services in the Onshore Wind Power industry, high-yield offshore wind turbines as well as a full range of solutions, products and
services to serve the hydropower industry, from initial design to final commissioning.
OIL & GAS
Oil & Gas supplies mission critical equipment for the global oil and gas industry, used in applications spanning the entire value chain
from drilling and completion through production, liquefied natural gas (LNG) and pipeline compression, pipeline inspection, and
including downstream processing in refineries and petrochemical plants. The business designs and manufactures surface and subsea
drilling and production systems, equipment for floating production platforms, compressors, turbines, turboexpanders, high pressure
reactors, industrial power generation and a broad portfolio of auxiliary equipment.
ENERGY MANAGEMENT
Energy Management is *(¶V electrification business. Global teams design leading technology solutions for the delivery, management,
conversion and optimization of electrical power for customers across multiple energy-intensive industries. GE has invested in our
Energy Management capabilities, with strategic acquisitions and joint ventures that enable GE to increase its offerings to the utility,
industrial, renewable energy, oil and gas, marine, metals and mining industries. Plant automation hardware, software and embedded
computing systems including controllers, embedded systems, advanced software, motion control, operator interfaces and industrial
computers are also provided by Energy Management.
AVIATION
Aviation products and services include jet engines, aerospace systems and equipment, replacement parts and repair and maintenance
services for all categories of commercial aircraft; for a wide variety of military aircraft, including fighters, bombers, tankers and
helicopters; for marine applications; and for executive and regional aircraft. Products and services are sold worldwide to airframe
manufacturers, airlines and government agencies.
200 GE 2015 FORM 10-K