Borrowings and Bank Deposits

6 Months Ended

Jun. 30, 2014

Debt Disclosure [Abstract]

Borrowings and Bank Deposits

6.BORROWINGS AND BANK DEPOSITS

(In millions)	June 30, 2014		December 31, 2013
Short-term borrowings
Commercial paper
U.S.	$	21,965	$	24,877
Non-U.S.		3,049		4,168
Current portion of long-term borrowings(a)(b)		38,667		39,215
GE Interest Plus notes(c)		8,147		8,699
Other(b)		447		339
Total short-term borrowings	$	72,275	$	77,298
Long-term borrowings
Senior unsecured notes(a)(d)	$	180,382	$	186,433
Subordinated notes(e)		4,864		4,821
Subordinated debentures(f)(g)		7,481		7,462
Other(b)		9,639		11,563
Total long-term borrowings	$	202,366	$	210,279
Non-recourse borrowings of consolidated securitization entities(h)	$	30,201	$	30,124
Bank deposits(i)	$	58,140	$	53,361
Total borrowings and bank deposits	$	362,982	$	371,062

• Included $473 million and $481millionof obligations to holders of GICs atJune 30, 2014 and December 31, 2013, respectively. These obligations included conditions under which certain GIC holders could require immediate repayment of their investment should the long-term credit ratings of GECC fall below AA-/Aa3. The remaining outstanding GICs will continue to be subject to their scheduled maturities and individual terms, which may include provisions permitting redemption upon a downgrade of one or more of GECC's ratings, among other things.
• Included$9,073 million and $9,468million of funding secured by real estate, aircraft and other collateral at June 30, 2014 and December 31, 2013, respectively, of which $2,587 million and $2,868 million is non-recourse to GECC at June 30, 2014 and December 31, 2013, respectively.
• Entirely variable denomination floating-rate demand notes.
• Included $700 million of debt at both June 30, 2014 and December 31, 2013raised by a funding entity related to Penske Truck Leasing Co., L.P. (PTL). GECC, as co-issuer and co-guarantor of the debt, reports this amount as borrowings in its financial statements. GECC has been indemnified by the other limited partners of PTL for their proportionate share of the debt obligation.
• Included$300 million of subordinated notes guaranteed by GE at both June 30, 2014 and December 31, 2013.
• Subordinated debentures receive rating agency equity credit.
• Included $2,968million of subordinated debentures, which constitute the sole assets of trusts who have issued trust preferred securities and where GECC owns 100% of the common securities of the trusts. Obligations associated with these trusts are unconditionally guaranteed by GECC.
• Included $8,519 million and $9,047million of current portion of long-term borrowingsat June 30, 2014 and December 31, 2013, respectively. See Note 12.
• Included $13,242million and $13,614 million of deposits in non-U.S. banks at June 30, 2014 and December 31, 2013, respectively, and $21,058 million and $18,275 million of certificates of deposits with maturities greater than one year at June 30, 2014 and December 31, 2013, respectively.