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Businesses Held For Sale, Financing Receivables Held for Sale and Discontinued Operations (Tables)
 6 Months Ended
Jun. 30, 2015
Financial Information For Businesses Held For Sale [Line Items]  
Businesses held for sale
FINANCIAL INFORMATION FOR ASSETS AND LIABILITIES OF BUSINESSES HELD FOR SALE
(In millions)June 30, 2015  December 31, 2014
 
Assets
Cash and equivalents$239  $676
Investment securities-448
Current receivables(a)133180
Inventories720588
Financing receivables – net  4,635    2,144
Property, plant, and equipment – net1,1001,015
Goodwill 799 539
Other intangible assets – net251170
Other  486    540
Assets of businesses held for sale$8,363  $6,300
       
Liabilities     
Short-term borrowings$30441
Accounts payable(a)703510
Other current liabilities349348
Bank deposits-1,931
Deferred income taxes(136)(33)
Other 545 178
Liabilities of businesses held for sale$1,491 $3,375

(a) Certain transactions at our Appliances and Signaling businesses are made on an arms-length basis with GECC, consisting primarily of GE customer receivables sold to GECC and GECC services for material procurement. These intercompany balances included within our held for sale businesses are reported in the GE and GECC columns of our financial statements, but are eliminated in deriving our consolidated financial statements.

FINANCING RECEIVABLES HELD FOR SALE
(in millions)June 30, 2015December 31, 2014
Commercial
CLL$920$357
Energy Financial Services635
GE Capital Aviation Services (GECAS)3627
Other110-
Total Commercial1,072419
Consumer26,910(a)359
Total financing receivables held for sale$27,982$778

Over 30 days past due and nonaccrual financing receivables related to consumer financing receivables held for sale were $1,124 million and $656 million, respectively.

Financial Information for Discontinued Operations
FINANCIAL INFORMATION FOR DISCONTINUED OPERATIONS
Three months ended June 30Six months ended June 30
(In millions)2015201420152014
Operations
Total revenues and other income (loss)$3,378$3,933$6,780$7,913
Earnings (loss) from discontinued operations before income taxes   $980$647$(857)$1,395
Benefit (provision) for income taxes (325) 18 450 (51)
Earnings (loss) from discontinued operations, net of taxes$655$665$(407)$1,344
Disposal
Gain (loss) on disposal before income taxes$(3,384)$(4)$(7,036)$14
Benefit (provision) for income taxes (1,021) - (2,546) 1
Gain (loss) on disposal, net of taxes$(4,405)$(4)$(9,582)$15
Earnings (loss) from discontinued operations, net of taxes(a)$(3,750)$661$(9,989)$1,359

(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 industrial earnings (loss) from discontinued operations, net of taxes, on the Consolidated Statement of Earnings (Loss).

(In millions)June 30, 2015December 31, 2014
Assets
Cash and equivalents$6,448 $5,414
Investment securities9,96010,006
Financing receivables – net 28,570114,561
Other receivables1,7182,192
Property, plant and equipment – net17,90218,051
Goodwill12,98213,569
Other Intangible assets - net165301
Deferred income taxes2,1482,920
Financing receivables held for sale68,8283,116
Valuation allowance on disposal group classified as discontinued operations(7,259)-
Other13,41416,804
Assets of discontinued operations$154,876 $186,934
Liabilities
Short-term borrowings$994$1,125
Accounts payable3,9693,770
Other GE current liabilities2728
Non-recourse borrowings9,16810,569
Bank deposits19,57218,998
Long-term borrowings6121,182
All other liabilities10,2907,720
Deferred income taxes4,3495,402
Liabilities of discontinued operations $48,981 $48,794
Rollfoward of WMC's reserve and pending claims for WMC representation and warranty obligations
ROLLFORWARD OF THE RESERVE
Three months ended June 30Six months ended June 30
(In millions)2015 20142015 2014
Balance, beginning of period$814 $550$809 $800
Provision1110218102
Claim resolutions / rescissions - (103) (2) (353)
Balance, end of period$825 $549$825 $549
WMC Discontinued Operations [Member]  
Financial Information For Businesses Held For Sale [Line Items]  
Financial Information
FINANCIAL INFORMATION FOR WMC
Three months ended June 30Six months ended June 30
(In millions)2015201420152014
Total revenues and other income (loss)$(5)$(39)$(5)$(35)
Earnings (loss) from discontinued operations, net of taxes$(10)$(30)$(16)$(32)
GE Real Estate [Member]  
Financial Information For Businesses Held For Sale [Line Items]  
Financial Information for Discontinued Operations
FINANCIAL INFORMATION FOR REAL ESTATE
Three months ended June 30Six months ended June 30
(In millions)2015201420152014
Operations
Total revenues and other income (loss)$313$664$812$1,295
Interest$(137)$(274)$(373)$(547)
Operating and administrative(142)(201)(307)(351)
Depreciation and amortization(2)(85)(62)(170)
Provision for losses on financing receivables-904104
Earnings (loss) from discontinued operations, before income taxes   3219474331
Benefit (provision) for income taxes 13 93 43 196
Earnings (loss) from discontinued operations, net of taxes$45$287$117$527
Disposal
Gain (loss) on disposal before income taxes$(3)$-$(1,811)$-
Benefit (provision) for income taxes (72) - (619) -
Gain (loss) on disposal, net of taxes$(75)$-$(2,430)$-
Earnings (loss) from discontinued operations, net of taxes(a)$(30)$287$(2,313)$527

(a) Earnings (loss) from discontinued operations attributable to the Company, before income taxes, was $29 million and $196 million for the three months ended June 30, 2015 and 2014, respectively, and $(1,738) million and $332 million for the six months ended June 30, 2015 and 2014, respectively.
CLL [Member]  
Financial Information For Businesses Held For Sale [Line Items]  
Financial Information for Discontinued Operations
FINANCIAL INFORMATION FOR COMMERCIAL LENDING AND LEASING
Three months ended June 30Six months ended June 30
(In millions)2015201420152014
Operations
Total revenues and other income (loss)$3,070$3,308$5,973$6,628
Interest$(641)$(774)$(1,343)$(1,562)
Operating and administrative(1,028)(955)(2,005)(1,791)
Depreciation and amortization(421)(960)(1,768)(1,935)
Provision for losses on financing receivables(13)(110)(1,757)(207)
Earnings (loss) from discontinued operations, before income taxes   967509(900)1,133
Benefit (provision) for income taxes (309) (73) 315 (218)
Earnings (loss) from discontinued operations, net of taxes$658$436$(585)$915
Disposal
Gain (loss) on disposal before income taxes$(3,380)$-$(5,225)$-
Benefit (provision) for income taxes (949) - (1,927) -
Gain (loss) on disposal, net of taxes$(4,329)$-$(7,152)$-
Earnings (loss) from discontinued operations, net of taxes(a)$(3,671)$436$(7,737)$915

(a) Earnings (loss) from discontinued operations attributable to the Company, before income taxes, was $(2,415) million and $499 million for the three months ended June 30, 2015 and 2014, respectively, and $(6,128) million and $1,120 million for the six months ended June 30, 2015 and 2014, respectively.