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Basis of Presentation and Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2018
Accounting Policies [Abstract]  
Schedule of new accounting pronouncements
The change in historical periods to our statements of income (loss) related to the adoption of ASU No. 2017-07 is summarized below:
 
Three Months Ended
 
Year Ended
 
December 31, 2017
September 30, 2017
June 30, 2017
March 31, 2017

December 31, 2017
December 31, 2016
Operating income (loss)
(5
)
(7
)
9

2

 
(1
)
24

Non operating income (loss)
5

7

(9
)
(2
)
 
1

(24
)
The change in historical periods to our statements of income (loss) related to the adoption of the standard is summarized below (in millions, except per share amounts):
 
Three Months Ended
 
Year Ended
 
December 31, 2017
September 30, 2017
June 30, 2017
March 31, 2017

December 31, 2017
December 31, 2016
Revenue:
 
 
 
 
 
 
 
Sales of goods
$
86

$
13

$
37

$
27

 
$
163

$
(26
)
Sales of services
(50
)
(86
)
(33
)
(74
)
 
(243
)
(161
)
Total revenue
36

(73
)
4

(47
)
 
(80
)
(187
)
 
 
 
 
 
 
 
 
Operating loss
(14
)
(64
)
(6
)
(91
)
 
(175
)
(226
)
 
 
 
 
 
 
 
 
Net income (loss)
1

(84
)
(10
)
(57
)
 
(150
)
(149
)
Net income (loss) attributable to BHGE
1

(31
)


 
(30
)

 
 
 
 
 
 
 
 
Per share amounts:
 
 
 
 
 
 
 
Basic and diluted loss per Class A common stock

(0.07
)
 
 
 
(0.07
)
 
The increase (decrease) to our statement of financial position related to the adoption of the standard is summarized below:

December 31, 2017
ASSETS
 
Current receivables, net
$
1

Inventories, net
(83
)
Contract and other deferred assets
(701
)
Deferred income taxes
233

 
 
LIABILITIES AND EQUITY
 
Progress collections and deferred income
$
394

All other current liabilities
(64
)
Deferred income taxes
(34
)
All other liabilities
(83
)
Baker Hughes, a GE company equity
(432
)
Noncontrolling interests
(331
)