GE INDUSTRIAL EQUIPMENT ORGANIC REVENUES (NON-GAAP) 2020 2019 V% GE Industrial total equipment revenues (GAAP) $ 37,620 $ 43,080  (13)% Adjustments: Less: acquisitions 13  14  Less: business dispositions 19  3,193  Less: foreign currency effect (174) —  GE Industrial equipment organic revenues (Non-GAAP) $ 37,761 $ 39,873  (5)% GE INDUSTRIAL SERVICES ORGANIC REVENUES (NON-GAAP) 2020 2019 V% GE Industrial total services revenues (GAAP) $ 35,480 $ 44,639  (21)% Adjustments: Less: acquisitions 125  23  Less: business dispositions 39  438  Less: foreign currency effect (102) —  GE Industrial services organic revenues (Non-GAAP) $ 35,419 $ 44,178  (20)% We believe this measure provides management and investors with a more complete understanding of underlying operating results and trends of established, ongoing operations by excluding the effect of acquisitions, dispositions and foreign currency, as these activities can obscure underlying trends. ADJUSTED GE INDUSTRIAL PROFIT AND PROFIT MARGIN 2020 2019 GE Industrial total revenues (GAAP) $ 73,100  $ 87,719  GE Industrial total costs and expenses (GAAP) 77,252  88,118  Less: GE Industrial interest and other financial charges 1,333  2,115  Less: non-operating benefit costs 2,424  2,828  Less: restructuring & other(a) 693  922  Less: Steam asset impairments(a) 363  —  Less: SEC settlement charge(a) 100  —  Less: goodwill impairments(a) 728  1,486  Add: noncontrolling interests (161) 6  Adjusted GE Industrial costs (Non-GAAP) 71,450  80,773  GE Industrial other income (GAAP) 11,444  2,200  Less: unrealized gains (losses)(a) (1,911) 793  Less: restructuring & other(a) 13  36  Less: gains (losses) and impairments for disposed or held for sale businesses(a) 12,472  4  Adjusted GE Industrial other income (Non-GAAP) 871  1,367  GE Industrial profit (GAAP) $ 7,291  $ 1,801  GE Industrial profit margin (GAAP) 10.0 % 2.1 % Adjusted GE Industrial profit (Non-GAAP) $ 2,520  $ 8,313  Adjusted GE Industrial profit margin (Non-GAAP) 3.4 % 9.5 % (a) See the Corporate Items and Eliminations section for further information. We believe GE Industrial profit and profit margins adjusted for the items included in the above reconciliation are meaningful measures because they increase the comparability of period-to-period results. ADJUSTED GE INDUSTRIAL ORGANIC PROFIT (NON-GAAP) 2020 2019 V% Adjusted GE Industrial profit (Non-GAAP) $ 2,520  $ 8,313  (70) % Adjustments: Less: acquisitions (4) 6  Less: business dispositions (3) 1,064  Less: foreign currency effect 22  —  Adjusted GE Industrial organic profit (Non-GAAP) $ 2,505  $ 7,244  (65) % Adjusted GE Industrial profit margin (Non-GAAP) 3.4 % 9.5 % (6.1)pts Adjusted GE Industrial organic profit margin (Non-GAAP) 3.4 % 8.6 % (5.2)pts We believe this measure provides management and investors with a more complete understanding of underlying operating results and trends of established, ongoing operations by excluding the effect of acquisitions, dispositions and foreign currency, as these activities can obscure underlying trends. GE 2020 FORM 10-K  41