Variable Interest Entities (Tables)

12 Months Ended

Dec. 31, 2012

Variable Interest Entities [Abstract]

Variable Interest Entities

				Consolidated Securitization Entities
				Credit									Trade
(In millions)	Trinity		(a)	cards		(b)	Equipment		(b)	Real estate		(c)	receivables		Other		Total
December 31, 2012
Assets(d)
Financing receivables, net	$	–		$	24,169		$	12,456		$	50		$	2,339	$	1,902	$	40,916
Investment securities		3,435			–			–			–			–		1,051		4,486
Other assets		217			29			360			–			–		1,873		2,479
Total	$	3,652		$	24,198		$	12,816		$	50		$	2,339	$	4,826	$	47,881
Liabilities(d)
Borrowings	$	–		$	–		$	–		$	–		$	–	$	707	$	707
Non-recourse borrowings		–			17,208			9,811			54			2,050		–		29,123
Other liabilities		1,656			146			11			2			8		1,313		3,136
Total	$	1,656		$	17,354		$	9,822		$	56		$	2,058	$	2,020	$	32,966
December 31, 2011
Assets(d)
Financing receivables, net	$	0		$	19,229		$	10,523		$	3,521		$	1,614	$	2,973	$	37,860
Investment securities		4,289			0			0			0			0		1,031		5,320
Other assets		389			17			283			210			0		2,250		3,149
Total	$	4,678		$	19,246		$	10,806		$	3,731		$	1,614	$	6,254	$	46,329
Liabilities(d)
Borrowings	$	0		$	0		$	2		$	25		$	0	$	821	$	848
Non-recourse borrowings		0			14,184			8,166			3,659			1,769		980		28,758
Other liabilities		4,456			37			0			19			23		1,312		5,847
Total	$	4,456		$	14,221		$	8,168		$	3,703		$	1,792	$	3,113	$	35,453

• Excludes intercompany advances from GECC to Trinity, which are eliminated in consolidation of $2,441 million and $1,006 million at December 31, 2012 and 2011, 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 December 31, 2012 and 2011, the amounts of commingled cash owed to the CSEs were $6,225 million and $5,655 million, respectively, and the amounts owed to us by CSEs were $6,143million and $5,165million, respectively.
• On October 1, 2012, we completed the sale of our Business Property business, which included servicing rights for its CSEs. We deconsolidated the Business Properties CSEs in the fourth quarter of 2012 as we no longer have the power to direct the activities of these entities.
• Asset amounts exclude intercompany receivables for cash collected on behalf of the entities by GE 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.

Unconsolidated VIE

	2012						2011
December 31 (In millions)	PTL		All other		Total		PTL		All other		Total
Other assets and investment
securities	$	2,080	$	8,306	$	10,386	$	7,038	$	7,318	$	14,356
Financing receivables – net		–		2,654		2,654		0		2,507		2,507
Total investments		2,080		10,960		13,040		7,038		9,825		16,863
Contractual obligations to fund
investments or guarantees		140		2,462		2,602		600		2,244		2,844
Revolving lines of credit		–		41		41		1,356		92		1,448
Total	$	2,220	$	13,463	$	15,683	$	8,994	$	12,161	$	21,155