XML 88 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Statement of Financial Position (Unaudited) (USD $)
In Millions, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Assets    
Cash and equivalents $ 79,863 $ 74,873
Investment securities (Note 3) 46,701 43,662
Inventories 57 68
Financing receivables - net (Notes 4) 237,405 253,029
Other receivables 15,273 16,513
Property, plant and equipment, less accumulated amortizations of $27,236 and $26,960 49,135 51,607
Goodwill (Note 5) 25,666 26,195
Other intangible assets - net (Note 5) 1,195 1,136
All other assets 47,140 47,366
Assets of businesses held for sale (Note 2) 3,158 50
Assets of discontinued operations (Note 2) 1,321 2,330
Total assets(a) 506,914 [1] 516,829 [1]
Liabilities and equity    
Short-term borrowings (Note 6) 68,676 77,298
Accounts payable 7,182 6,549
Non-recourse borrowings of consolidated securitization entities (Note 6) 30,231 30,124
Bank deposits (Note 6) 60,815 53,361
Long-term borrowings (Note 6) 198,735 210,279
Investment contracts, insurance liabilities and insurance annuity benefits 27,991 26,979
Other liabilities 16,593 20,531
Deferred income taxes 5,696 4,786
Liabilities of businesses held for sale (Note 2) 914 6
Liabilities of discontinued operations (Note 2) 1,004 3,790
Total liabilities(b) 417,837 [1] 433,703 [1]
Preferred stock, $0.01 par value (750,000 shares authorized at both September 30, 2014 and December 31, 2013 and 50,000 shares issued and outstanding at both March 31, 2014 and December 31, 2013) 0 0
Common stock, $14 par value (4,166,000 shares authorized at both September 30, 2014 and December 31, 2013 and 1,000 shares issued and outstanding at both September 30, 2014 and December 31, 2013) 0 0
Accumulated other comprehensive income - net(b)    
Investment securities 830 [2] 309 [2]
Currency translation adjustments (1,196) [2] (687) [2]
Cash flow hedges (105) [2] (293) [2]
Benefit plans (360) [2] (363) [2]
Additional paid-in capital 32,999 32,563
Retained earnings 54,105 51,165
Total Company shareowners' equity 86,273 82,694
Noncontrolling interests(c)(Note 8) 2,804 [3] 432 [3]
Total equity 89,077 83,126
Total liabilities and equity $ 506,914 $ 516,829
[1]
(a) Our consolidated assets at September 30, 2014 included total assets of $49,661 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 $42,799 million and investment securities of $3,500 million. Our consolidated liabilities at September 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 $28,780 million. See Note 12.
[2]
(b) The sum of accumulated other comprehensive income (loss) (AOCI) attributable to GECC was $(831) million and $(1,034) million at September 30, 2014 and December 31, 2013, respectively.
[3]
(c) Included AOCI attributable to noncontrolling interests of $(138) million and $(139) million at September 30, 2014 and December 31, 2013, respectively.