Businesses held for sale | | At | | September 30, | | December 31, | (In millions) | 2011 | | 2010 | | | | | | | Assets | | | | | | Cash and equivalents | $ | 218 | | $ | 63 | Current receivables | | 0 | | | 2,572 | Financing receivables – net | | 483 | | | 1,917 | Property, plant and equipment – net | | 2,054 | | | 2,185 | Goodwill | | 135 | | | 19,606 | Other intangible assets – net | | 37 | | | 2,844 | All other assets | | 153 | | | 7,560 | Other | | 93 | | | 140 | Assets of businesses held for sale | $ | 3,173 | | $ | 36,887 | | | | | | | Liabilities | | | | | | Short-term borrowings | $ | 474 | | $ | 146 | Accounts payable | | 82 | | | 538 | Other GE current liabilities | | 0 | | | 3,994 | Long-term borrowings | | 1,144 | | | 10,134 | All other liabilities | | 155 | | | 1,235 | Liabilities of businesses held for sale | $ | 1,855 | | $ | 16,047 |
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Discontinued GECS operations | | Three months ended September 30 | | Nine months ended September 30 | (In millions) | | 2011 | | | 2010 | | | 2011 | | | 2010 | | | | | | | | | | | | | Operations | | | | | | | | | | | | Total revenues | $ | 12 | | $ | 515 | | $ | 336 | | $ | 1,565 | | | | | | | | | | | | | Earnings (loss) from discontinued operations | | | | | | | | | | | | before income taxes | $ | (8) | | $ | 45 | | $ | 0 | | $ | 163 | Benefit (provision) for income taxes | | 21 | | | 3 | | | 51 | | | (3) | Earnings (loss) from discontinued operations, | | | | | | | | | | | | net of taxes | $ | 13 | | $ | 48 | | $ | 51 | | $ | 160 | | | | | | | | | | | | | Disposal | | | | | | | | | | | | Gain (loss) on disposal before income taxes | $ | (45) | | $ | (1,100) | | $ | (86) | | $ | (1,666) | Benefit (provision) for income taxes | | 33 | | | 0 | | | 309 | | | 0 | Gain (loss) on disposal, net of taxes | $ | (12) | | $ | (1,100) | | $ | 223 | | $ | (1,666) | | | | | | | | | | | | | Earnings (loss) from discontinued operations, | | | | | | | | | | | | net of taxes(a) | $ | 1 | | $ | (1,052) | | $ | 274 | | $ | (1,506) | | | | | | | | | | | | | | | | | | | | | | | | |
(a) The sum of GE industrial earnings (loss) from discontinued operations, net of taxes, and GECS earnings (loss) from discontinued operations, net of taxes, is reported as GE industrial earnings (loss) from discontinued operations, net of taxes, on the Condensed Statement of Earnings. | At | | September 30, | | December 31, | (In millions) | 2011 | | 2010 | | | | | | | Assets | | | | | | Cash and equivalents | $ | 131 | | $ | 142 | Financing receivables – net | | 98 | | | 10,589 | All other assets | | 1 | | | 168 | Other | | 1,336 | | | 1,526 | Assets of discontinued operations | $ | 1,566 | | $ | 12,425 | | | | | | | Liabilities | | | | | | Accounts payable, principally trade accounts | $ | 8 | | $ | 110 | Deferred income taxes | | 204 | | | 230 | All other liabilities | | 1,502 | | | 2,205 | Other | | 1 | | | 42 | Liabilities of discontinued operations | $ | 1,715 | | $ | 2,587 |
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