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Variable Interest Entities (Tables)
9 Months Ended
Sep. 30, 2015
Variable Interest Entities [Abstract]  
Schedule of VIE
ASSETS AND LIABILITIES OF CONSOLIDATED VIEs
Consolidated Securitization Entities(b)
Trade
(In millions)Trinity(a)Credit cardsreceivablesOtherTotal
September 30, 2015
Assets(c)
Financing receivables, net$-$24,036$-$531$24,567
Current receivables--3,134(d)4893,623
Investment securities401--1,0111,412
Other assets4514422,0022,193
Total$446$24,180$3,136$4,033$31,795
Liabilities(c)
Borrowings$-$-$-$990$990
Non-recourse borrowings-13,6402,5166916,225
Other liabilities19320281,2821,523
Total$193$13,660$2,544$2,341$18,738
December 31, 2014
Assets(c)
Financing receivables, net$-$25,645$-$1,030$26,675
Current receivables--3,028(d)5093,537
Investment securities2,369--1,0053,374
Other assets171,05922,3453,423
Total$2,386$26,704$3,030$4,889$37,009
Liabilities(c)
Borrowings$-$-$-$517$517
Non-recourse borrowings-14,9672,69243618,095
Other liabilities1,022332261,4902,870
Total$1,022$15,299$2,718$2,443$21,482

  • Excluded intercompany advances from GECC to Trinity, which were eliminated in consolidation of $15 million and $1,565 million at September 30, 2015 and December 31, 2014, respectively.
  • We provide servicing to the CSEs and are contractually permitted to commingle cash collected from customers on financing receivables sold to CSE investors with our own cash prior to payment to a CSE, provided our short-term credit rating does not fall below A-1/P-1. These CSEs also owe us amounts for purchased financial assets and scheduled interest and principal payments. At September 30, 2015 and December 31, 2014, the amounts of commingled cash owed to the CSEs were $939 million and $1,091 million, respectively, and the amounts owed to us by CSEs were $170 million and $391 million, respectively.
  • Asset amounts exclude intercompany receivables for cash collected on behalf of the entities by GECC as servicer, which are eliminated in consolidation. Such receivables provide the cash to repay the entities’ liabilities. If these intercompany receivables were included in the table above, assets would be higher. In addition, other assets, borrowings and other liabilities exclude intercompany balances that are eliminated in consolidation.
  • Included $724 million and $686 million of receivables at September 30, 2015 and December 31, 2014, respectively, originated by Appliances. We require third party debt holder consent to sell these assets. The receivables will be included in assets of businesses held for sale when the consent is received.

Unconsolidated VIE
INVESTMENTS IN UNCONSOLIDATED VIEs
(In millions)September 30, 2015December 31, 2014
Other assets and investment securities$810$806
Financing receivables – net10120
Total investments820926
Contractual obligations to fund investments, guarantees or revolving lines of credit9937
Total$919$963