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General Electric (GE) disclosed the following nonGAAP reconciliation for its Industrial segment from its 2018 Form 10K. $ millions 2018 2017 2016 GE Industrial earnings

General Electric (GE) disclosed the following nonGAAP reconciliation for its Industrial segment from its 2018 Form 10K.

$ millions 2018 2017 2016
GE Industrial earnings (loss) $(18,528) $(1,841) $8,143
Less: Nonoperating pension benefit costs (net of tax) (1,966) (1,550) (1,374)
Less: Gains and impairments for disposed or held for sale businesses (net of tax) 877 864 2,137
Less: Restructuring and other (net of tax) (2,948) (2,778) (2,483)
Less: Goodwill impairments (net of tax) (20,134) (1,040) -
Less: GE Industrial U.S. tax reform enactment adjustment (34) (4,905) -
Adjusted GE Industrial earnings (loss) (Non-GAAP) $5,677 $7,568 $9,863

Required a. Explain how the nonGAAP items (in total) affected adjusted earnings each year.

Net effect of non-GAAP adjustments in 2016: Answer Increase adjusted net earning
Net effect of non-GAAP adjustments in 2017: Answer Increase adjusted net earning
Net effect of non-GAAP adjustments in 2018: Answer Increase adjusted net earning

b. Calculate net non-GAAP items as a percentage of net earnings for each year presented. Note: Round your answers to the nearest whole percentage point. Note: Do not use negative signs with your answers.

Non-GAAP adjustments/Net earnings
2018 131%
2017 511%
2016 21%

c. Calculate the yearoveryear change (in % terms) in reported net earnings for 2017 and 2018. Calculate the yearoveryear change (in % terms) in the nonGAAP net income. Note: Round your answers to the nearest whole percentage point. Note: Use a negative sign to indicate lower performance over the previous year.

2018 Year-over Year % Change 2017 Year-over Year % Change
Net earnings Answer Answer
Non-GAAP income Answer Answer

ANSWER A AND B ARE CORRECT. PLEASE DO NOT COPY AND PASTE SOMEONE ELSE'S INCORRECT WORK THANK YOU

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