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Businesses Held For Sale and Discontinued Operations (Tables)
9 Months Ended
Sep. 30, 2016
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)September 30, 2016  December 31, 2015
 
Assets
Current receivables$10$79
Inventories130583
Property, plant, and equipment – net811,208
Goodwill 28 370
Other intangible assets – net36162
Contract assets 313-
Other  13    416
Assets of businesses held for sale$611  $2,818
       
Liabilities     
Accounts payable(a)$17$503
Other current liabilities3325
Other 8 33
Liabilities of businesses held for sale$28 $861

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

Financial Information for Discontinued Operations
FINANCIAL INFORMATION FOR DISCONTINUED OPERATIONS
Three months ended September 30Nine months ended September 30
(In millions)2016201520162015
Operations
Total revenues and other income (loss)$633$6,483$2,494$18,772
Earnings (loss) from discontinued operations before income taxes   $6$2,267$(154)$(476)
Benefit (provision) for income taxes 278 (650) 460 (208)
Earnings (loss) from discontinued operations, net of taxes$284$1,617$306$(684)
Disposal
Gain (loss) on disposal before income taxes$(50)$(2,616)$(591)$(9,652)
Benefit (provision) for income taxes (339) 1,629 (670) (916)
Gain (loss) on disposal, net of taxes$(389)$(987)$(1,261)$(10,568)
Earnings (loss) from discontinued operations, net of taxes(a)(b)$(105)$629$(954)$(11,253)

(a) The sum of GE industrial earnings (loss) from discontinued operations, net of taxes, and GE Capital earnings (loss) from discontinued operations, net of taxes, after adjusting for earnings (loss) attributable to noncontrolling interests related to discontinued operations, is reported within GE industrial earnings (loss) from discontinued operations, net of taxes, on the Consolidated Statement of Earnings (Loss).

(b) Earnings (loss) from discontinued operations attributable to the Company, before income taxes, was $(43) million and $(438) million for the three months ended September 30, 2016 and 2015, respectively, and $(746) million and $(10,398) million for the nine months ended September 30, 2016 and 2015, respectively.

(In millions)September 30, 2016December 31, 2015
Assets
Cash and equivalents$2,915 $20,395
Investment securities5,0968,478
Financing receivables – net 1,3443,205
Other receivables9491,221
Property, plant and equipment – net5987,537
Goodwill3917,764
Other intangible assets - net3580
Deferred income taxes1,7462,447
Financing receivables held for sale16,66669,847
Valuation allowance on disposal group classified as discontinued operations(1,859)(6,374)
Other3,0506,350
Assets of discontinued operations$30,930$120,951
Liabilities
Short-term borrowings$201$739
Accounts payable6642,870
Non-recourse borrowings8773,994
Bank deposits4,15325,613
Long-term borrowings583730
All other liabilities2,58011,053
Deferred income taxes6751,437
Other49 52
Liabilities of discontinued operations $9,782$46,487
CLL  
Financial Information For Businesses Held For Sale [Line Items]  
Financial Information for Discontinued Operations
FINANCIAL INFORMATION FOR COMMERCIAL LENDING AND LEASING
Three months ended September 30Nine months ended September 30
(In millions)2016201520162015
Operations
Total revenues and other income (loss)$334$2,691$1,535$8,664
Interest$(74)$(576)$(476)$(1,919)
Selling, general and administrative expenses(176)(893)(1,222)(2,834)
Cost of services sold---(1,735)
Provision for losses on financing receivables-13(2)(1,744)
Other costs and expenses(11)(7)(25)(104)
Earnings (loss) from discontinued operations, before income taxes   741,228(191)328
Benefit (provision) for income taxes 40 (484) 254 (169)
Earnings (loss) from discontinued operations, net of taxes$114$744$63$159
Disposal
Gain (loss) on disposal before income taxes$(22)$(2,834)$(652)$(8,059)
Benefit (provision) for income taxes 21 1,629 (133) (298)
Gain (loss) on disposal, net of taxes$(1)$(1,205)$(785)$(8,357)
Earnings (loss) from discontinued operations, net of taxes(a)$113$(461)$(722)$(8,198)

(a) Earnings (loss) from discontinued operations attributable to the Company, before income taxes, was $52 million and $(1,608) million for the three months ended September 30, 2016 and 2015, respectively, and $(846) million and $(7,736) million for the nine months ended September 30, 2016 and 2015, respectively.

Real Estate  
Financial Information For Businesses Held For Sale [Line Items]  
Financial Information for Discontinued Operations
FINANCIAL INFORMATION FOR REAL ESTATE
Three months ended September 30Nine months ended September 30
(In millions)2016201520162015
Operations
Total revenues and other income (loss)$21$81$47$893
Interest$(4)$(64)$(40)$(437)
Selling, general and administrative(20)(149)(98)(373)
Cost of services sold---(5)
Provision for losses on financing receivables---4
Other costs and expenses(1)(7)(7)(147)
Earnings (loss) from discontinued operations, before income taxes (5)(139)(98)(65)
Benefit (provision) for income taxes 30 53 88 95
Earnings (loss) from discontinued operations, net of taxes$25$(86)$(10)$30
Disposal
Gain (loss) on disposal before income taxes$1$218$(62)$(1,593)
Benefit (provision) for income taxes - - 62 (618)
Gain (loss) on disposal, net of taxes$1$218$-$(2,211)
Earnings (loss) from discontinued operations, net of taxes(a)$26$132$(10)$(2,181)

(a) Earnings (loss) from discontinued operations attributable to the Company, before income taxes, was $(4) million and $81 million for the three months ended September 30, 2016 and 2015, respectively, and $(160) million and $(1,658) million for the nine months ended September 30, 2016 and 2015, respectively.

WMC  
Financial Information For Businesses Held For Sale [Line Items]  
Rollfoward of WMC's reserve and pending claims for WMC representation and warranty obligations
ROLLFORWARD OF THE RESERVE
Three months ended September 30Nine months ended September 30
(In millions)2016 20152016 2015
Balance, beginning of period$860 $825$875 $809
Provision-288446
Claim resolutions / rescissions (195) (21) (294) (23)
Balance, end of period$665 $832$665 $832
Financial Information for Discontinued Operations
FINANCIAL INFORMATION FOR WMC
Three months ended September 30Nine months ended September 30
(In millions)2016201520162015
Total revenues and other income (loss)$19$(22)$(38)$(26)
Earnings (loss) from discontinued operations, net of taxes$(8)$(21)$(60)$(37)
Consumer  
Financial Information For Businesses Held For Sale [Line Items]  
Financial Information for Discontinued Operations
FINANCIAL INFORMATION FOR CONSUMER
Three months ended September 30Nine months ended September 30
(In millions)2016201520162015
Operations
Total revenues and other income (loss)$271$3,652$957$9,237
Interest$(42)$(564)$(139)$(1,748)
Selling, general, and administrative expenses(245)(1,045)(580)(3,216)
Cost of services sold----
Provision for losses on financing receivables1(727)1(4,596)
Investment contracts, insurance losses and insurance annuity benefits(1)(3)(2)(10)
Other costs and expenses(25)(105)(89)(345)
Earnings (loss) from discontinued operations, before income taxes   (39)1,207149(679)
Benefit (provision) for income taxes (26) (231) (127) (238)
Earnings (loss) from discontinued operations, net of taxes$(65)$976$22$(917)
Disposal
Gain (loss) on disposal before income taxes$(29)$-$124$-
Benefit (provision) for income taxes (360) - (599) -
Gain (loss) on disposal, net of taxes$(389)$-$(475)$-
Earnings (loss) from discontinued operations, net of taxes(a)$(454)$976$(453)$(917)

(a) Earnings (loss) from discontinued operations attributable to the Company, before income taxes, was $(67) million and $1,119 million for the three months ended September 30, 2016 and 2015, respectively, and $273 million and $(943) million for the nine months ended September 30, 2016 and 2015, respectively.