A look at how General Electric has changed from conglomerate to an industrial company

MarketsAssociated Press

General Electric has transformed in the past decade. The Fairfield, Connecticut, company slimmed itself down from a massive conglomerate that made microwaves, movies and jet engines to a trimmer company focused on its industrial business. It has sold or spun off businesses that don't fit with its industrial goals, such as NBC Universal and its credit card business.

On Friday, GE announced its latest deal: It will sell most of its financial business, GE Capital, over the next two years for about $26.5 billion.

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Here's a look at what businesses General Electric Co. currently owns, what it's in the process of selling and which businesses it has sold or spun off in the past several years:

CURRENTLY OWNS:

Power and Water

Makes wind turbines, gas turbines, engines and generators and offers power generating services.

Revenue in 2014: $27.6 billion

Profit in 2014: $5.4 billion

Oil and Gas

Provides drilling equipment and services to the oil and gas industry.

Revenue in 2014: $18.7 billion

Profit in 2014: $2.6 billion

Energy Management

Makes and provides products and services that transmits, distributes and converts electrical power.

Revenue in 2014: $7.3 billion

Profit in 2014: $200 million

Aviation

Makes engines used on commercial and military jets.

Revenue in 2014: $24 billion

Profit in 2014: $5 billion

Health Care

Makes MRI, CT scan and other imaging machines.

Revenue in 2014: $18.3 billion

Profit in 2014: $3 billion

Transportation

Manufactures locomotives, diesel engines and mining equipment.

Revenue in 2014: $5.7 billion

Profit in 2014: $1.1 billion

IN THE PROCESS OF SELLING:

GE Capital

Offers loans and other financial services for the retail, health care, commercial real estate and aviation industries.

Revenue in 2014: $42.7 billion

Profit in 2014: $7 billion

Appliances and Lighting

Makes refrigerators, dishwashers, water heaters and lighting products. In September, GE said it would sell the unit to Swedish appliance maker Electrolux for $3.3 billion. The deal hasn't closed yet.

Revenue in 2014: $8.4 billion

Profit in 2014: $400 million

SOLD OR SPUN OFF:

Consumer Finance

GE spun off its consumer credit card business, Synchrony Financial, into a separate publicly traded company in July. The initial public offering raised about $2.9 billion.

NBC Universal

GE sold a 51 percent stake of NBC Universal to cable company Comcast Corp. for $13.75 billion in 2011. Two years later, Comcast bought GE's remaining 49 percent stake in NBC Universal for $16.7 billion.

Plastics, Silicones and Security

Sold plastics business to Saudi Basic Industries Corp. in 2007. Sold silicones to private investment group Apollo Management LP for $3.8 billion in 2006. Sold security business to United Technologies for $1.82 billion in 2010.

Insurance

GE spun off its insurance business into a separate publicly traded company, Genworth Financial Inc., in 2004. It sold its reinsurance business to Swiss Re in 2006.

SOURCES: GE's government filings, AP archives.