

(In millions)	March 31, 2019			December 31, 2018

Short-term borrowings
GE
Commercial paper	$	2,998		$	3,005
Current portion of long-term borrowings	86			103
Current portion of long-term borrowings assumed by GE(d)	6,470			4,207
Other	1,548			2,084
Total GE short-term borrowings	$	11,102		$	9,400

GE Capital
Commercial paper	$	—		$	5
Current portion of long-term borrowings(a)	5,462			3,984
Intercompany payable to GE(c)	2,436			2,684
Other	385			1,010
Total GE Capital short-term borrowings	$	8,283		$	7,684

Eliminations(c)	(3,432		)	(4,262		)
Total short-term borrowings	$	15,953		$	12,821

Long-term borrowings
GE
Senior notes(b)	$	26,668		$	26,628
Senior notes assumed by GE(d)	26,089			29,218
Subordinated notes assumed by GE(d)	2,875			2,836
Other	429			460
Other borrowings assumed by GE(d)	—			—
Total GE long-term borrowings	$	56,061		$	59,143

GE Capital
Senior notes	$	33,161		$	35,105
Subordinated notes	179			165
Intercompany payable to GE(c)	19,249			19,828
Other(a)	884			885
Total GE Capital long-term borrowings	$	53,473		$	55,982

Eliminations(c)	(19,311		)	(19,892		)
Total long-term borrowings	$	90,223		$	95,234
Non-recourse borrowings of consolidated securitization entities(e)	1,350			1,875
Total borrowings	$	107,526		$	109,930


(a)	Included $127 million and $884 million of short- and long-term borrowings, respectively, at March 31, 2019 and $161 million and $885 million of short- and long-term borrowings, respectively, at December 31, 2018, of funding secured by aircraft and other collateral. Of this, $219 million and $216 million is non-recourse to GE Capital at March 31, 2019 and December 31, 2018, respectively.


(b)	Included $6,174 million and $6,177 million of BHGE senior notes at March 31, 2019 and December 31, 2018, respectively. Total BHGE borrowings were $6,315 million and $6,330 million at March 31, 2019 and December 31, 2018, respectively.

(c)

Included a reduction of $4,034 million and $1,523 million for the current portion of intercompany loans from GE Capital to GE at March 31, 2019 and December 31, 2018, respectively, and a reduction of $9,715 million and $12,226 million for long-term intercompany loans from GE Capital to GE at March 31, 2019 and December 31, 2018, respectively. These loans bear the right of offset against amounts owed under the assumed debt agreement and can be prepaid by GE at any time in whole or in part, without premium or penalty.

(d)

At March 31, 2019, the remaining GE Capital borrowings that had been assumed by GE as part of the GE Capital Exit Plan was $35,433 million ($6,470 million short term and $28,964 long term), for which GE has an offsetting Receivable from GE Capital of $21,684 million. The difference of $13,749 million represents the amount of borrowings GE Capital had funded with available cash to GE via an intercompany loan in lieu of GE issuing borrowings externally.


(e)	Included $1,135 million and $225 million of current portion of long-term borrowings at March 31, 2019 and December 31, 2018, respectively. See Note 18 for further information.