Watch CNBC's full interview with GE CEO Larry Culp on planned split

General Electric CEO Larry Culp sits down with the 'Squawk on the Street' team to lay out the company's plan to split into three separate companies focused on aviation, energy and health care. Culp provides details surrounding the planned split's timetable and who will be in charge of the new companies. The GE chief also explains why the split will provide an opportunity for "sharper capital allocation" and "more strategic flexibility."