Schedule of VIE |
ASSETS AND LIABILITIES OF CONSOLIDATED VIEs | | | | | | | | | | | | | | | | | | | Consolidated Securitization Entities(b) | | | | | | | | | Trade | | | | | (In millions) | Trinity(a) | | Credit cards | | receivables | | Other | | Total | | | | | | | | | | | | | | | | September 30, 2015 | | | | | | | | | | | | | | | Assets(c) | | | | | | | | | | | | | | | Financing receivables, net | $ | - | | $ | 24,036 | | $ | - | | $ | 531 | | $ | 24,567 | Current receivables | | - | | | - | | | 3,134 | (d) | | 489 | | | 3,623 | Investment securities | | 401 | | | - | | | - | | | 1,011 | | | 1,412 | Other assets | | 45 | | | 144 | | | 2 | | | 2,002 | | | 2,193 | Total | $ | 446 | | $ | 24,180 | | $ | 3,136 | | $ | 4,033 | | $ | 31,795 | | | | | | | | | | | | | | | | Liabilities(c) | | | | | | | | | | | | | | | Borrowings | $ | - | | $ | - | | $ | - | | $ | 990 | | $ | 990 | Non-recourse borrowings | | - | | | 13,640 | | | 2,516 | | | 69 | | | 16,225 | Other liabilities | | 193 | | | 20 | | | 28 | | | 1,282 | | | 1,523 | 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) | | 509 | | | 3,537 | Investment securities | | 2,369 | | | - | | | - | | | 1,005 | | | 3,374 | Other assets | | 17 | | | 1,059 | | | 2 | | | 2,345 | | | 3,423 | Total | $ | 2,386 | | $ | 26,704 | | $ | 3,030 | | $ | 4,889 | | $ | 37,009 | | | | | | | | | | | | | | | | Liabilities(c) | | | | | | | | | | | | | | | Borrowings | $ | - | | $ | - | | $ | - | | $ | 517 | | $ | 517 | Non-recourse borrowings | | - | | | 14,967 | | | 2,692 | | | 436 | | | 18,095 | Other liabilities | | 1,022 | | | 332 | | | 26 | | | 1,490 | | | 2,870 | 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.
|