Income Taxes	6 Months Ended
Jun. 30, 2018
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES On December 22, 2017, the U.S. enacted the Tax Cuts and Jobs Act (U.S. tax reform). In 2017, the impact of U.S. tax reform was recorded on a provisional basis as the legislation provides for additional guidance to be issued by the U.S. Department of the Treasury on several provisions including the computation of the transition tax which could impact the calculation of the transition tax charge and the revaluation of deferred taxes. In addition, analysis performed and conclusions reached as part of the tax return filing process and additional guidance on accounting for tax reform could affect the provisional amount. Additionally, as part of U.S. tax reform, the U.S. has enacted a tax on "base eroding" payments from the U.S. (i.e. Base Erosion Anti-Abuse Tax (“BEAT”)) and a minimum tax on foreign earnings (global intangible low-taxed income). Due to the fact certain aspects of the new law and the effect on our operations are uncertain and the accounting rules associated with this provision have not been resolved, we did not make a provisional accrual for the deferred tax aspects of this provision and have not yet made an accounting policy election on the deferred tax treatment of this tax. For the quarter ended June 30, 2018, income tax expense was $62 million compared to a tax benefit of $10 million for the prior year quarter. The difference between the U.S. statutory tax rate of 21% and the current effective tax rate is primarily due to $46 million related to losses with no tax benefit due to valuation allowances and $10 million of withholding taxes in certain jurisdictions. The prior year quarter reflects 100% of the taxes associated with U.S. and non-U.S. earnings of the GE O&G business. For the six months ended June 30, 2018, income tax benefit was $24 million compared to a tax benefit of $2 million for the six months ended June 30, 2017. The difference between the U.S. statutory tax rate of 21% and the current effective tax rate is primarily due to the net tax benefit of $124 million related to U.S. tax reform, partially offset by $96 million related to losses with no tax benefit due to valuation allowances and $17 million of withholding taxes in certain jurisdictions. The prior year period reflects 100% of the taxes associated with U.S. and non-U.S. earnings of the GE O&G business.

INCOME TAXES

On December 22, 2017, the U.S. enacted the Tax Cuts and Jobs Act (U.S. tax reform). In 2017, the impact of U.S. tax reform was recorded on a provisional basis as the legislation provides for additional guidance to be issued by the U.S. Department of the Treasury on several provisions including the computation of the transition tax which could impact the calculation of the transition tax charge and the revaluation of deferred taxes. In addition, analysis performed and conclusions reached as part of the tax return filing process and additional guidance on accounting for tax reform could affect the provisional amount.

Additionally, as part of U.S. tax reform, the U.S. has enacted a tax on "base eroding" payments from the U.S. (i.e. Base Erosion Anti-Abuse Tax (“BEAT”)) and a minimum tax on foreign earnings (global intangible low-taxed income). Due to the fact certain aspects of the new law and the effect on our operations are uncertain and the accounting rules associated with this provision have not been resolved, we did not make a provisional accrual for the deferred tax aspects of this provision and have not yet made an accounting policy election on the deferred tax treatment of this tax.

For the quarter ended June 30, 2018, income tax expense was $62 million compared to a tax benefit of $10 million for the prior year quarter. The difference between the U.S. statutory tax rate of 21% and the current effective tax rate is primarily due to $46 million related to losses with no tax benefit due to valuation allowances and $10 million of withholding taxes in certain jurisdictions. The prior year quarter reflects 100% of the taxes associated with U.S. and non-U.S. earnings of the GE O&G business.

For the six months ended June 30, 2018, income tax benefit was $24 million compared to a tax benefit of $2 million for the six months ended June 30, 2017. The difference between the U.S. statutory tax rate of 21% and the current effective tax rate is primarily due to the net tax benefit of $124 million related to U.S. tax reform, partially offset by $96 million related to losses with no tax benefit due to valuation allowances and $17 million of withholding taxes in certain jurisdictions. The prior year period reflects 100% of the taxes associated with U.S. and non-U.S. earnings of the GE O&G business.