Operating Segments

12 Months Ended

Dec. 31, 2012

Segment Reporting [Abstract]

Summary of Operating Segments

NOTE 20. OPERATING SEGMENTS

Basis for presentation

Our operating businesses are organized based on the nature of markets and customers. Segment accounting policies are the same as described in Note 1. Segment results include an allocation for a portion of corporate overhead costs, which include such items as employee compensation and benefits. Segment results reflect the discrete tax effect of transactions, but the intraperiod tax allocation is reflected outside of the segment unless otherwise noted in segment results.

Effects of transactions between related companies are made on an arms-length basis and areeliminated. As a wholly-owned subsidiary, GECC enters into various operating and financing arrangements with GE. These arrangements are made on an arms-length basis but are related party transactions and therefore require the following disclosures. At December 31, 2012 and 2011, financing receivables included $7,131 million and $6,043 million, respectively, of receivables from GE customers. At December 31, 2012 and 2011, other receivables included $5,274 million and $5,016 million, respectively, of receivables from GE. Property, plant and equipment included $1,015 million and $1,100 million, respectively, of property, plant and equipment leased to GE, net of accumulated depreciation. Borrowings included $1,061 million and $3,044 million, respectively, of amounts held by GE.

On February 22, 2012, our parent, General Electric Capital Services, Inc. (GE Capital Services or GECS) was merged with and into, GECC. GECC's continuing operations now include the run-off insurance operations previously held and managed in GECS, and which are reported in corporate items and eliminations. Unless otherwise indicated, references to GECC and the GE Capital segment in this Form 10-K Report relate to the entity or segment as they exist subsequent to the February 22, 2012 merger.

A description of our operating segments as of December 31, 2012, can be found below, and details of segment profit by operating segment can be found in the Summary of Operating Segments table in Part II, Item 7. “Management's Discussion and Analysis of Financial Condition and Results of Operations.”

CLL has particularmid-market expertise, and primarily offers collateralized loans, leases and other financial services to customers, including manufacturers, distributors and end-users for a variety of equipment and major capital assets. These assets include industrial-related facilities and equipment; vehicles; corporate aircraft; and equipment used in many industries, including the construction, manufacturing, transportation, media, communications, entertainment and healthcare industries.

Consumer offers a full range of financial products includingprivate-label credit cards; personal loans; bank cards; auto loans and leases; mortgages; debt consolidation; home equity loans; deposit and other savings products; and small and medium enterprise lending on a global basis.

Real Estate offers a comprehensive range of capital and investment solutions and finances, with both equity and loan structures, the acquisition, refinancing and renovation of office buildings, apartment buildings, retail facilities, hotels and industrial properties.

Energy Financial Services offers financial products to the global energy industry including structured equity, debt, leasing, partnership financing, product finance, and broad-based commercial finance.

GECAS provides financial products to airlines, aircraft operators, owners, lenders and investors, including leases and secured loans on commercial passenger aircraft, freighters and regional jets; engine leasing and financing services; aircraft parts solutions; and airport equity and debt financing.

Revenues

	Total revenues						Intersegment revenues(a)						External revenues
(In millions)	2012		2011		2010		2012		2011		2010		2012		2011		2010
CLL	$	16,857	$	18,178	$	18,447	$	47	$	78	$	40	$	16,810	$	18,100	$	18,407
Consumer		15,579		16,767		17,180		3		10		17		15,576		16,757		17,163
Real Estate		3,654		3,712		3,744		22		17		14		3,632		3,695		3,730
Energy Financial
Services		1,508		1,223		1,957		0		0		0		1,508		1,223		1,957
GECAS		5,294		5,262		5,127		0		0		0		5,294		5,262		5,127
GECC corporate
items and
eliminations		3,147		3,926		3,401		(72)		(105)		(71)		3,219		4,031		3,472
Total	$	46,039	$	49,068	$	49,856	$	0	$	0	$	0	$	46,039	$	49,068	$	49,856

• Sales from one component to another generally are priced at equivalent commercial selling prices.

Revenues from customers located in the United States were $26,375 million, $25,891 million and$25,196 million in 2012,2011 and 2010, respectively. Revenues from customers located outside the United States were $19,664 million, $23,177 million and$24,660 million in 2012, 2011 and 2010, respectively.

	Depreciation and amortization						Provision (benefit) for income taxes
(In millions)	2012		2011		2010		2012		2011		2010
CLL	$	4,413	$	4,533	$	4,966	$	710	$	742	$	280
Consumer		235		268		279		1,143		1,345		867
Real Estate		639		707		801		(562)		(730)		(1,555)
Energy Financial Services		64		48		205		(186)		(115)		(44)
GECAS		2,065		2,045		2,080		5		96		(99)
GECC corporate items
and eliminations		89		82		74		(619)		(439)		(434)
Total	$	7,505	$	7,683	$	8,405	$	491	$	899	$	(985)
	Interest on loans(a)						Interest expense(b)
(In millions)	2012		2011		2010		2012		2011		2010
CLL	$	5,121	$	5,628	$	5,984	$	4,551	$	5,093	$	5,638
Consumer		11,861		11,965		12,008		3,360		4,012		4,419
Real Estate		1,494		1,822		2,119		1,883		2,407		2,578
Energy Financial Services		136		169		215		675		662		706
GECAS		398		364		346		1,520		1,504		1,441
GECC corporate items
and eliminations		64		108		138		(292)		188		(272)
Total	$	19,074	$	20,056	$	20,810	$	11,697	$	13,866	$	14,510

• Represents one component of Revenues from services, see Note 12.
• Represents total interest expense, see Statement of Earnings.

	Assets(a)(b)(c)						Property, plant and equipment additions
	At December 31,						For the years ended December 31,
(In millions)	2012		2011		2010		2012		2011		2010
CLL	$	182,432	$	193,869	$	202,650	$	6,833	$	6,741	$	3,941
Consumer		138,997		138,534		146,691		79		78		44
Real Estate		46,247		60,873		72,630		3		4		17
Energy Financial Services		19,185		18,357		19,549		0		1		82
GECAS		49,420		48,821		49,106		4,944		3,029		3,582
GECC corporate items
and eliminations		102,942		124,082		114,629		27		29		8
Total	$	539,223	$	584,536	$	605,255	$	11,886	$	9,882	$	7,674

• Assets of discontinued operations are included in GECC corporate items and eliminations for all periods presented.
• Total assets of the CLL, Consumer, Energy Financial Services and GECAS operating segments at December 31, 2012, include investment in and advances to associated companies of $5,662 million, $5,205 million, $7,475 million and $777million, respectively. Investments in and advances to associated companies contributed approximately $265 million, $534 million, $585million and $155 million, respectively, to segment pre-tax income of the CLL, Consumer, Energy Financial Services and GECAS operating segments, respectively, for the year ended December 31, 2012.
• Aggregate summarized financial information for significant associated companies assuming a 100% ownership interest included total assets at December 31, 2012 and 2011 of $110,695 million and $104,554 million, respectively. Assets were primarily financing receivables of $66,878 million and $57,477 millionat December 31, 2012 and 2011, respectively. Total liabilities at December 31, 2012 and 2011 were $81,784 million and $77,208 million, respectively, comprised primarily of bank deposits of $26,386 million and $20,980 million at December 31, 2012 and 2011, respectively, and debt of $42,664 million and $46,170 millionat December 31, 2012 and 2011, respectively. Revenues for2012, 2011 and 2010 totaled $17,592 million, $15,898 million and$18,618 million, respectively, and net earnings for 2012, 2011 and 2010 totaled $2,861 million, $2,178 million and$3,811 million, respectively.

Property, plant and equipment – net associated with operations based in the United States were $11,207 million, $11,292 million and$10,803 millionat year-end 2012, 2011 and2010, respectively. Property, plant and equipment – net associated with operations based outside the United States were $42,466 million, $40,127 million and$42,965 millionat year-end 2012, 2011 and 2010, respectively.