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Condensed Statement of Financial Position (Unaudited) (USD $)
In Millions, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
Assets    
Cash and equivalents $ 85,461 $ 84,501
Investment securities 48,719 47,374
Current receivables 19,347 19,531
Inventories 16,022 13,792
Financing receivables - net 262,564 279,918
Other GECC receivables 7,647 7,561
Property, plant and equipment - net 67,388 65,739
Investment in GECC 0 0
Goodwill 73,162 72,625
Other intangible assets - net 11,709 12,068
All other assets 102,953 111,701
Assets of businesses held for sale 2,700 711
Assets of discontinued operations 1,208 1,721
Total assets(b) 698,880 [1] 717,242 [1]
Liabilities and equity    
Short-term borrowings 120,435 137,611
Accounts payable, principally trade accounts 15,851 16,400
Progress collections and price adjustments accrued 9,402 10,402
Dividends payable 1,785 1,797
Other GE current liabilities 15,250 14,796
Non-recourse borrowings of consolidated securitization entities 31,171 29,258
Bank deposits 45,196 43,115
Long-term borrowings 234,673 243,459
Investment contracts, insurance liabilities and insurance annuity benefits 28,322 29,774
All other liabilities 67,267 70,653
Deferred income taxes (541) (131)
Liabilities of businesses held for sale 206 345
Liabilities of discontinued operations 1,847 1,629
Total liabilities(b) 570,864 [1] 599,108 [1]
GECC preferred stock (40,000 outstanding at September 30, 2012) 0 0
Common stock (10,486,300,000 and 10,573,017,000 shares outstanding at September 30, 2012 and December 31, 2011, respectively) 702 702
Accumulated other comprehensive income - net(c)    
Investment securities 592 [2] (30) [2]
Currency translation adjustments 430 [2] 133 [2]
Cash flow hedges (965) [2] (1,176) [2]
Benefit plans (20,378) [2] (22,901) [2]
Other capital 33,119 33,693
Retained earnings 142,026 137,786
Less common stock held in treasury (32,974) (31,769)
Total GE shareowners' equity 122,552 116,438
Noncontrolling interests(d) 5,464 [3] 1,696 [3]
Total equity 128,016 118,134
Total liabilities and equity 698,880 717,242
Subsidiaries [Member]
   
Assets    
Cash and equivalents 8,362 [4] 8,382 [4]
Investment securities 27 [4] 18 [4]
Current receivables 11,665 [4] 11,807 [4]
Inventories 15,949 [4] 13,741 [4]
Financing receivables - net 0 [4] 0 [4]
Other GECC receivables 0 [4] 0 [4]
Property, plant and equipment - net 15,064 [4] 14,283 [4]
Investment in GECC 77,389 [4] 77,110 [4]
Goodwill 45,824 [4] 45,395 [4]
Other intangible assets - net 10,348 [4] 10,522 [4]
All other assets 38,351 [4] 36,675 [4]
Assets of businesses held for sale 0 [4] 0 [4]
Assets of discontinued operations 9 [4] 52 [4]
Total assets(b) 222,988 [1],[4] 217,985 [1],[4]
Liabilities and equity    
Short-term borrowings 7,669 [4] 2,184 [4]
Accounts payable, principally trade accounts 13,996 [4] 14,209 [4]
Progress collections and price adjustments accrued 10,487 [4] 11,349 [4]
Dividends payable 1,785 [4] 1,797 [4]
Other GE current liabilities 15,250 [4] 14,796 [4]
Non-recourse borrowings of consolidated securitization entities 0 [4] 0 [4]
Bank deposits 0 [4] 0 [4]
Long-term borrowings 4,388 [4] 9,405 [4]
Investment contracts, insurance liabilities and insurance annuity benefits 0 [4] 0 [4]
All other liabilities 52,484 [4] 53,826 [4]
Deferred income taxes (6,486) [4] (7,183) [4]
Liabilities of businesses held for sale 0 [4] 0 [4]
Liabilities of discontinued operations 70 [4] 158 [4]
Total liabilities(b) 99,643 [1],[4] 100,541 [1],[4]
GECC preferred stock (40,000 outstanding at September 30, 2012) 0 [4] 0 [4]
Common stock (10,486,300,000 and 10,573,017,000 shares outstanding at September 30, 2012 and December 31, 2011, respectively) 702 [4] 702 [4]
Accumulated other comprehensive income - net(c)    
Investment securities 592 [2],[4] (30) [2],[4]
Currency translation adjustments 430 [2],[4] 133 [2],[4]
Cash flow hedges (965) [2],[4] (1,176) [2],[4]
Benefit plans (20,378) [2],[4] (22,901) [2],[4]
Other capital 33,119 [4] 33,693 [4]
Retained earnings 142,026 [4] 137,786 [4]
Less common stock held in treasury (32,974) [4] (31,769) [4]
Total GE shareowners' equity 122,552 [4] 116,438 [4]
Noncontrolling interests(d) 793 [3],[4] 1,006 [3],[4]
Total equity 123,345 [4] 117,444 [4]
Total liabilities and equity 222,988 [4] 217,985 [4]
Subsidiaries GECC [Member]
   
Assets    
Cash and equivalents 77,666 76,702
Investment securities 48,695 47,359
Current receivables 0 0
Inventories 73 51
Financing receivables - net 271,623 288,847
Other GECC receivables 13,772 13,390
Property, plant and equipment - net 52,288 51,419
Investment in GECC 0 0
Goodwill 27,338 27,230
Other intangible assets - net 1,361 1,546
All other assets 64,887 75,612
Assets of businesses held for sale 2,700 711
Assets of discontinued operations 1,199 1,669
Total assets(b) 561,602 [1] 584,536 [1]
Liabilities and equity    
Short-term borrowings 113,587 136,333
Accounts payable, principally trade accounts 7,007 7,239
Progress collections and price adjustments accrued 0 0
Dividends payable 0 0
Other GE current liabilities 0 0
Non-recourse borrowings of consolidated securitization entities 31,171 29,258
Bank deposits 45,196 43,115
Long-term borrowings 230,402 234,391
Investment contracts, insurance liabilities and insurance annuity benefits 28,806 30,198
All other liabilities 15,445 17,334
Deferred income taxes 5,945 7,052
Liabilities of businesses held for sale 206 345
Liabilities of discontinued operations 1,777 1,471
Total liabilities(b) 479,542 [1] 506,736 [1]
GECC preferred stock (40,000 outstanding at September 30, 2012) 0 0
Common stock (10,486,300,000 and 10,573,017,000 shares outstanding at September 30, 2012 and December 31, 2011, respectively) 0 0
Accumulated other comprehensive income - net(c)    
Investment securities 602 [2] (33) [2]
Currency translation adjustments (145) [2] (399) [2]
Cash flow hedges (961) [2] (1,101) [2]
Benefit plans (579) [2] (563) [2]
Other capital 31,589 27,628
Retained earnings 50,843 51,578
Less common stock held in treasury 0 0
Total GE shareowners' equity 81,349 77,110
Noncontrolling interests(d) 711 [3] 690 [3]
Total equity 82,060 77,800
Total liabilities and equity $ 561,602 $ 584,536
[1] (b) Our consolidated assets at September 30, 2012 include total assets of $47,660 million of certain variable interest entities (VIEs) that can only be used to settle the liabilities of those VIEs. These assets include net financing receivables of $40,442 million and investment securities of $4,797 million. Our consolidated liabilities at September 30, 2012 include liabilities of certain VIEs for which the VIE creditors do not have recourse to GE. These liabilities include non-recourse borrowings of consolidated securitization entities (CSEs) of $30,270 million. See Note 18.
[2] (c) The sum of accumulated other comprehensive income - net was $(20,321) million and $(23,974) million at September 30, 2012 and December 31, 2011, respectively.
[3] (d) Included accumulated other comprehensive income - net attributable to noncontrolling interests of $(165) million and $(168) million at September 30, 2012 and December 31, 2011, respectively.
[4] (a) Represents the adding together of all affiliated companies except General Electric Capital Corporation. (GECC or financial services), which is presented on a one-line basis.