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Property, Plant and Equipment (Tables)
12 Months Ended
Dec. 31, 2012
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment
 Depreciable    
 lives-new    
December 31 (Dollars in millions)(in years) 2012 2011
         
Original cost(b)        
Land and improvements, buildings, structures and        
    related equipment 1-36(a)$ 2,624 $ 3,110
Equipment leased to others        
    Aircraft 19-21   49,954   46,240
    Vehicles 1-28   17,574   15,278
    Railroad rolling stock 4-50   4,210   4,324
    Construction and manufacturing 1-30   3,055   2,644
    All other 3-27   3,427   3,438
Total   $ 80,844 $ 75,034
         
Net carrying value(b)        
Land and improvements, buildings, structures and        
    related equipment   $ 1,074 $ 1,499
Equipment leased to others        
    Aircraft(c)     36,231   34,271
    Vehicles     9,263   8,772
    Railroad rolling stock     2,746   2,853
    Construction and manufacturing     2,069   1,670
    All other     2,290   2,354
Total   $ 53,673 $ 51,419
         
         

  • Depreciable lives exclude land.
  • Included $1,467 million and $1,570 million of original cost of assets leased to GE with accumulated amortization of $452 million and $445 million at December 31, 2012 and 2011, respectively.
  • GECAS recognized impairment losses of $242 million in 2012 and $301 million in 2011 recorded in the caption “Depreciation and amortization” in the Statement of Earnings to reflect adjustments to fair value based on an evaluation of average current market values (obtained from third parties) of similar type and age aircraft, which are adjusted for the attributes of the specific aircraft under lease.
Rentals due from customers for equipment on operating leases
(In millions)  
   
Due in  
    2013$7,507
    2014 6,168
    2015 4,946
    2016 3,863
    2017 3,000
    2018 and later 8,286
Total$33,770