Assets and Liabilities of Businesses Held For Sale and Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2012

Discontinued Operations and Disposal Groups [Abstract]

Businesses held for sale

	At
	September 30,		December 31,
(In millions)	2012		2011
Assets
Cash and equivalents	$	99	$	149
Financing receivables – net		2,406		412
Property, plant and equipment – net		38		81
Other		157		69
Assets of businesses held for sale	$	2,700	$	711
Liabilities
Short-term borrowings	$	186	$	252
Other		20		93
Liabilities of businesses held for sale	$	206	$	345

Discontinued Operations

	Three months ended September 30				Nine months ended September 30
(In millions)		2012		2011		2012		2011
Operations
Total revenues and other income (expense)	$	(112)	$	17	$	(461)	$	348
Earnings (loss) from discontinued operations
before income taxes	$	(141)	$	(74)	$	(579)	$	(113)
Benefit (provision) for income taxes		28		21		155		54
Earnings (loss) from discontinued operations,
net of taxes	$	(113)	$	(53)	$	(424)	$	(59)
Disposal
Gain (loss) on disposal before income taxes	$	(4)	$	(45)	$	(506)	$	(86)
Benefit (provision) for income taxes		154		33		197		309
Gain (loss) on disposal, net of taxes	$	150	$	(12)	$	(309)	$	223
Earnings (loss) from discontinued operations,
net of taxes(a)	$	37	$	(65)	$	(733)	$	164

(a)The sum of GE industrial earnings (loss) from discontinued operations, net of taxes, and GECC earnings (loss) from discontinued operations, net of taxes, is reported as GE earnings (loss) from discontinued operations, net of taxes, on theCondensed Statement of Earnings.

	At
	September 30,		December 31,
(In millions)	2012		2011
Assets
Cash and equivalents	$	111	$	121
Financing receivables – net		6		521
Other		1,091		1,079
Assets of discontinued operations	$	1,208	$	1,721
Liabilities
Deferred income taxes	$	358	$	205
Other		1,489		1,424
Liabilities of discontinued operations	$	1,847	$	1,629