XML 88 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Statement of Financial Position (Unaudited) (USD $)
In Millions, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Assets    
Cash and equivalents $ 76,335 $ 74,873
Investment securities (Note 3) 46,500 43,662
Inventories 62 68
Financing receivables - net (Notes 4 and 13) 241,696 253,029
Other receivables 16,102 16,513
Property, plant and equipment, less accumulated amortization of $27,060 and $26,960 50,704 51,607
Goodwill (Note 5) 26,047 26,195
Other intangible assets - net (Note 5) 1,285 1,136
Other assets 46,073 47,366
Assets of businesses held for sale (Note 2) 3,294 50
Assets of discontinued operations (Note 2) 1,470 2,330
Total assets(a) 509,568 [1] 516,829 [1]
Liabilities and equity    
Short-term borrowings (Note 6) 72,275 77,298
Accounts payable 7,669 6,549
Non-recourse borrowings of consolidated securitization entities (Note 6) 30,201 30,124
Bank deposits (Note 6) 58,140 53,361
Long-term borrowings (Note 6) 202,366 210,279
Investment contracts, insurance liabilities and insurance annuity benefits 27,908 26,979
Other liabilities 18,978 20,531
Deferred income taxes 4,640 4,786
Liabilities of businesses held for sale (Note 2) 289 6
Liabilities of discontinued operations (Note 2) 954 3,790
Total liabilities(a) 423,420 [1] 433,703 [1]
Preferred stock, $0.01 par value (750,000 shares authorized at both June 30, 2014 and December 31, 2013 and 50,000 shares issued and outstanding at both June 30, 2014 and December 31, 2013) 0 0
Common stock, $14 par value (4,166,000 shares authorized at both June 30, 2014 and December 31, 2013 and 1,000 shares issued and outstanding at both June 30, 2014 and December 31, 2013) 0 0
Accumulated other comprehensive income (loss) - net(b)    
Investment securities 1,092 [2] 309 [2]
Currency translation adjustments (656) [2] (687) [2]
Cash flow hedges (195) [2] (293) [2]
Benefit plans (371) [2] (363) [2]
Additional paid-in capital 32,567 32,563
Retained earnings 53,361 51,165
Total Company shareowners' equity 85,798 82,694
Noncontrolling interests(c)(Note 8) 350 [3] 432 [3]
Total equity 86,148 83,126
Total liabilities and equity $ 509,568 $ 516,829
[1] (a)        Our consolidated assets at June 30, 2014 included total assets of $49,729 million of certain variable interest entities (VIEs) that can only be used to settle the liabilities of those VIEs. These assets included net financing receivables of $42,949 million and investment securities of $3,722 million. Our consolidated liabilities at June 30, 2014 included liabilities of certain VIEs for which the VIE creditors do not have recourse to GECC. These liabilities included non-recourse borrowings of consolidated securitization entities (CSEs) of $28,651 million. See Note 12.
[2] (b)        The sum of accumulated other comprehensive income (loss) (AOCI) attributable to GECC was $(130) million and $(1,034) million at June 30, 2014 and December 31, 2013, respectively.
[3] (c)        Included AOCI attributable to noncontrolling interests of $(134) million and $(139) million at June 30, 2014 and December 31, 2013, respectively.