10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

(Mark One)
☑	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF
	THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 2015
OR
☐	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from ___________to ___________
_____________________________ Commission file number 001-06461 _____________________________
GENERAL ELECTRIC CAPITAL CORPORATION (Exact name of registrant as specified in its charter)

Delaware	13-1500700
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
901 Main Avenue, Norwalk, CT	06851-1168
(Address of principal executive offices)	(Zip Code)

(Registrant's telephone number, including area code)(203) 840-6300

(Former name, former address and former fiscal year,

if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☑ No ☐

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ☑No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer ☐ Accelerated filer ☐ Non-accelerated filer ☑ Smaller reporting company ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b‑2 of the Exchange Act). Yes ☐No ☑

At May 1, 2015, 1,000 shares of voting common stock, which constitute all of the outstanding common equity, with a par value of $14 per share were outstanding.

REGISTRANT MEETS THE CONDITIONS SET FORTH IN GENERAL INSTRUCTION h(1)(a) AND (b) OF FORM 10-Q AND IS THEREFORE FILING THIS FORM 10-Q WITH THE REDUCED DISCLOSURE FORMAT.

TABLE OF CONTENTS

	Page
Forward Looking Statements	3
Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)	4
Consolidated Results	5
Segment Operations	8
GECC Corporate Items and Eliminations	11
Discontinued Operations	11
Statement of Financial Position	12
Financial Resources and Liquidity	15
Exposures	18
Critical Accounting Estimates	19
Other Items	20
Controls and Procedures	21
Regulations and Supervision	21
Legal Proceedings	22
Financial Statements and Notes	24
Exhibits	66
Form 10-Q Cross Reference Index	67
Signatures	68

FORWARD LOOKING STATEMENTS

This document contains "forward-looking statements" – that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance and financial condition, and often contain words such as "expect," "anticipate," "intend," "plan," "believe," "seek," "see," "will," "would," or "target."

Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about GE's announced plan to reduce the size of its financial services businesses, including expected cash and non-cash charges associated with this plan; expected income; revenues; net interest margin; cost structure; restructuring charges; cash flows; assets; return on capital or assets; capital structure, including Tier 1 common ratio; and dividends.

For us, particular uncertainties that could cause our actual results to be materially different than those expressed in our forward-looking statements include:

· obtaining (or the timing of obtaining) any required regulatory reviews or approvals or any other consents or approvals associated with GE's announced plan to reduce the size of its financial services businesses;

· our ability to complete incremental asset sales as part of this plan in a timely manner (or at all) and at the prices we have assumed;

· changes in law, economic and financial conditions, including interest and exchange rate volatility, commodity and equity prices and the value of financial assets, including the impact of these conditions on our ability to sell or the value of incremental assets to be sold as part of this plan as well as other aspects of this plan;

· the impact of conditions in the financial and credit markets on the availability and cost of GECC's funding, GECC's exposure to counterparties and GECC's ability to reduce asset levels as planned;

· the impact of conditions in the housing market and unemployment rates on the level of commercial and consumer credit defaults;

· pending and future mortgage loan repurchase claims and other litigation claims in connection with WMC, which may affect our estimates of liability, including possible loss estimates;

· our ability to maintain our current credit rating and the impact on our funding costs and competitive position if we do not do so;

· GECC's ability to pay dividends to GE at the planned level, which may be affected by GECC's cash flows and earnings, financial services regulation and oversight, and other factors;

· the level of demand and financial performance of the major industries and customers GE serves;

· the effectiveness of our risk management framework;

· the impact of regulation and regulatory, investigative and legal proceedings and legal compliance risks, including the impact of financial services regulation and litigation;

· adverse market conditions, timing of and ability to obtain required bank regulatory approvals, or other factors relating to GE or Synchrony Financial that could prevent GE from completing the Synchrony Financial split-off as planned;

· our success in completing, including obtaining regulatory approvals for, announced transactions, such as the proposed transactions with Real Estate;

· our success in integrating acquired businesses and operating joint ventures;

· the impact of potential information technology or data security breaches; and

· the other factors that are described in "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2014.

These or other uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements.  We do not undertake to update our forward-looking statements. This document includes certain forward-looking projected financial information that is based on current estimates and forecasts. Actual results could differ materially.

3 2015 1Q FORM 10-Q

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (MD&A)

PRESENTATION

Throughout this MD&A, unless otherwise indicated, we refer to captions such as revenues and earnings from continuing operations attributable to General Electric Capital Corporation (GE Capital or GECC) simply as "revenues" and "earnings." Similarly, discussion of other matters in our consolidated financial statements relates to continuing operations unless otherwise indicated.

We integrate acquisitions as quickly as possible. Only revenues and earnings from the date we complete the acquisition through the end of the following fourth quarter are attributed to such businesses.

We have reclassified certain prior-period amounts to conform to the current-period presentation.

NON-GAAP MEASURES

In the accompanying analysis of financial information, we sometimes use information derived from consolidated financial data but not presented in our financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP). Certain of these data are considered "non-GAAP financial measures" under the SEC rules. For such measures, we have provided supplemental explanations and reconciliations in Exhibit 99 to this Form 10-Q Report.

REFERENCES

The MD&A should be read in conjunction with the Financial Statements and Notes to the consolidated financial statements.

CORPORATE INFORMATION AND WEBSITES

GE's Investor Relations website at www.ge.com/investor-relations and our corporate blog at www.gereports.com, as well as GE's Facebook page and Twitter accounts, including @GE_Reports, contain a significant amount of information about GE, including financial and other information for investors. GE encourages investors to visit these websites from time to time, as information is updated and new information is posted.

4 2015 1Q FORM 10-Q

CONSOLIDATED RESULTS

THE GE CAPITAL EXIT PLAN

On April 10, 2015, our parent company, General Electric Company (GE), announced a plan (the GE Capital Exit Plan) to reduce the size of its financial services businesses through the sale of most of our assets, over the next 24 months, and to focus on continued investment and growth in GE's industrial businesses.  Under the GE Capital Exit Plan, which was approved on April 2, 2015 and aspects of which were approved on March 31, 2015, GE will retain certain GECC businesses, principally its vertical financing businesses—GE Capital Aviation Services (GECAS), Energy Financial Services and Healthcare Equipment Finance—that directly relate to GE's core industrial domain and other operations, including Working Capital Solutions and our run-off insurance activities.  The assets planned for disposition include Real Estate, most of Commercial Lending and Leasing and all Consumer platforms (including all U.S. banking assets).  GE expects to execute this strategy using an efficient approach for exiting non-vertical assets that works for GE's and GECC's debt holders and GE's shareowners.  An element of this approach involves a merger of GECC into GE to assure compliance with debt covenants as GECC exits non-vertical assets, and the creation of a new intermediate holding company to hold GECC's businesses after the merger.  GE has discussed the GE Capital Exit Plan, aspects of which are subject to regulatory review and approval, with its regulators and staff of the Financial Stability Oversight Council (FSOC) and will work closely with these bodies to take the actions necessary over time to terminate the FSOC's designation of GECC (and the new intermediate holding company, as applicable) as a nonbank systemically important financial institution (nonbank SIFI).

As part of the GE Capital Exit Plan, on April 10, 2015, GECC and The Blackstone Group (Blackstone) or certain of their affiliates entered into a Purchase and Sale Agreement (the Purchase and Sale Agreement) pursuant to which Blackstone will acquire approximately $22.5 billion of GECC's Real Estate debt and equity portfolio through a combination of asset sales and entity sales (the Transaction) for a purchase price of approximately $22.5 billion. At closing, Blackstone intends to sell approximately $10 billion of this portfolio to Wells Fargo & Company. The purchase price, which is payable in cash, is subject to customary price adjustments, and the Transaction is subject to customary closing conditions.  In connection with the Transaction, GECC will provide approximately $3.5 billion of seller financing to Blackstone, which GECC intends to syndicate by mid-2016.  The parties expect the Transaction to close in multiple closings before the end of 2015. The Purchase and Sale Agreement may be terminated under certain circumstances, including by either party if the initial debt and equity closings have not occurred on or before September 1, 2015 or December 31, 2015, respectively, except in certain circumstances, or by Blackstone upon payment of a customary termination fee.

GECC also has letters of intent with other buyers for the majority of its remaining commercial real estate assets, which, combined with the Blackstone deal, are valued at approximately $26.5 billion.

As part of the GE Capital Exit Plan, on April 10, 2015, GE and GECC entered into an amendment to their existing financial support agreement. Under this amendment (the Amendment), GE has provided a full and unconditional guarantee (the Guarantee) of the payment of principal and interest on all tradable senior and subordinated outstanding long-term debt securities and all commercial paper issued or guaranteed by GECC identified in the Amendment.  In the aggregate, the Guarantee applied to approximately $210 billion of GECC debt as of April 10, 2015. The Guarantee replaced the requirement that GE make certain income maintenance payments to GECC in certain circumstances. GECC's U.S. public indentures were concurrently amended to provide the full and unconditional guarantee by GE set forth in the Guarantee.

In connection with the GE Capital Exit Plan, GE estimates it will incur approximately $23 billion in after-tax charges through 2016, approximately $6 billion of which are expected to result in future net cash expenditures. These charges are expected to relate to: business dispositions, including goodwill allocations (approximately $13 billion), tax expense related to expected repatriation of foreign earnings and write-off of deferred tax assets (approximately $7 billion), and restructuring and other charges (approximately $3 billion).

We recorded $16.1 billion of after-tax charges ($13.8 billion of which is attributable to continuing operations and $2.4 billion of which is attributable to discontinued operations) in the first quarter of 2015 related to the GE Capital Exit Plan.  The first quarter charges recorded in continuing operations include tax expense related to expected repatriation of foreign earnings and write-off of deferred tax assets ($6.0 billion), asset impairments due to shortened hold periods ($5.0 billion), and charges on businesses held for sale ($2.8 billion), including goodwill allocation.

It is expected that as a result of the GE Capital Exit Plan, the GE Capital businesses that will remain with GE will account for about $90 billion in ending net investment (ENI), excluding liquidity, including about $40 billion in the U.S.  ENI is a metric used to measure the total capital invested in the financial services businesses. GE Capital's ENI, excluding liquidity at March 31, 2015 was $303 billion.

5 2015 1Q FORM 10-Q

REVENUES AND EARNINGS

Revenues decreased 39% in the three months ended March 31, 2015 primarily due to the effects of the GE Capital Exit Plan.

Earnings decreased unfavorably in the three months ended March 31, 2015 primarily due to charges associated with the GE Capital Exit Plan.

SIGNIFICANT DEVELOPMENTS IN 2015

· The GE Capital Exit Plan – see above.

· Australia and New Zealand (ANZ) Consumer Lending - During the first quarter of 2015, we signed an agreement to sell our consumer finance business in Australia and New Zealand to a consortium including KKR, Varde Partners and Deutsche Bank for approximately 6.8 billion Australian dollars and 1.4 billion New Zealand dollars.

· Milestone Aviation Group – On January 30, 2015, GECAS acquired Milestone Aviation Group, a helicopter leasing business, for approximately $1.8 billion.

· Synchrony Financial – In connection with Synchrony Financial's planned separation from GE, Synchrony Financial filed the related application to the Federal Reserve Board on April 30, 2015. For a further discussion of the Synchrony Financial transaction, see the Synchrony Financial annual report on Form 10-K for the year ended December 31, 2014 and the quarterly report on Form 10-Q for the three months ended March 31, 2015.

· Dividends – GECC paid quarterly dividends of $0.5 billion to GE in the three months ended March 31, 2015.

OTHER CONSOLIDATED INFORMATION

INCOME TAXES

Income taxes have a significant effect on our net earnings. As a global commercial enterprise, our tax rates are affected by many factors, including our global mix of earnings, the extent to which those global earnings are indefinitely reinvested outside the United States, legislation, acquisitions, dispositions and tax characteristics of our income. Our tax rates are also affected by tax incentives introduced in the U.S. and other countries to encourage and support certain types of activity. Our tax returns are routinely audited and settlements of issues raised in these audits sometimes affect our tax provisions.

GE and GECC file a consolidated U.S. federal income tax return. This enables GE to use GECC tax deductions and credits to reduce the tax that otherwise would have been payable by GE. The GECC effective tax rate for each period reflects the benefit of these tax reductions in the consolidated return. GE makes cash payments to GECC for these tax reductions at the time GE's tax payments are due.

		Three months ended March 31
(Dollars in billions)		2015		2014
(Benefit) provision for income taxes	$	6.2	$	0.3

6 2015 1Q FORM 10-Q

COMMENTARY – THREE MONTHS ENDED MARCH 31, 2015 VERSUS 2014

The GECC income tax rate for the first quarter of 2015 is not meaningful. The negative first quarter tax rate of 97.6% is caused by comparing the positive tax expense of $6.2 billion with the pre-tax loss of $6.3 billion resulting in a negative tax rate. As discussed in Note 7 to the consolidated financial statements, during the first quarter of 2015 in conjunction with the GE Capital Exit Plan, we incurred tax expense of $6.0 billion related to expected repatriation of foreign earnings and write-off of deferred tax assets. The increase in the income tax expense from $0.3 billion for the first quarter of 2014 to $6.2 billion for the first quarter of 2015 is primarily due to the tax impacts, discussed in Note 7 to the consolidated financial statements, related to the GE Capital Exit Plan.

The effective tax rate in future periods is expected to increase as a result of changes in our income profile due to lower earnings as we execute on the GE Capital Exit Plan.

BENEFITS FROM GLOBAL OPERATIONS

Absent the effects of the GE Capital Exit Plan, our effective income tax rate is lower than the U.S. statutory rate primarily because of benefits from lower-taxed global operations, including the use of global funding structures. There is a tax benefit from global operations as non-U.S. income is subject to local country tax rates that are significantly below the 35% U.S. statutory rate. These non-U.S. earnings have been indefinitely reinvested outside the U.S. and are not subject to current U.S. income tax. The rate of tax on our indefinitely reinvested non-U.S. earnings is below the 35% U.S. statutory rate because we have significant business operations subject to tax in countries where the tax on that income is lower than the U.S. statutory rate and because GECC funds certain of its non-U.S. operations through foreign companies that are subject to low foreign taxes. Historically, the most significant portion of these benefits depends on the provision of U.S. law deferring the tax on active financial services income, which, as discussed below, is subject to expiration. A substantial portion of the remaining benefit related to business operations subject to tax in countries where the tax on that income is lower than the U.S. statutory rate is derived from our GECAS aircraft leasing operations located in Ireland. No other operation in any one country accounts for a material portion of the remaining balance of the benefit.

We expect our ability to benefit from non-U.S. income taxed at less than the U.S. rate to continue subject to changes in U.S. or foreign law, including the expiration of the U.S. tax law provision deferring tax on active financial services income. In addition, since this benefit depends on management's intention to indefinitely reinvest amounts outside the U.S., our tax provision will increase to the extent we no longer indefinitely reinvest foreign earnings.

7 2015 1Q FORM 10-Q

SEGMENT OPERATIONS

Operating segments comprise our four segments focused on the broad markets they serve: Commercial Lending and Leasing (CLL), Consumer, Energy Financial Services and GECAS. The Chairman allocates resources to, and assesses the performance of, these four businesses. In addition to providing information on segments in their entirety, we have also provided supplemental information for the geographic regions within the CLL segment.

Corporate items and eliminations include unallocated Treasury and Tax operations; Trinity, a group of sponsored special purpose entities; certain consolidated liquidating securitization entities; the effects of eliminating transactions between operating segments; results of our run-off insurance operations remaining in continuing operations attributable to GECC; unallocated corporate costs; certain non-allocated amounts determined by the Chairman; and a variety of sundry items. Corporate items and eliminations is not an operating segment. Rather, it is added to operating segment totals to reconcile to consolidated totals on the financial statements.

Segment profit is determined based on internal performance measures used by the Chairman to assess the performance of each business in a given period. In connection with that assessment, the Chairman may exclude matters such as charges for restructuring; rationalization and other similar expenses; acquisition costs and other related charges; technology and product development costs; certain gains and losses from acquisitions or dispositions; and litigation settlements or other charges, for which responsibility preceded the current management team.

Segment profit excludes results reported as discontinued operations, the portion of earnings attributable to noncontrolling interests of consolidated subsidiaries, GECC preferred stock dividends declared and accounting changes. Segment profit, which we sometimes refer to as "net earnings", includes interest and income taxes. GE allocates certain corporate costs to its segments based on an estimate of expected benefit to the respective segment relative to total GE. Factors considered in the determination of relative benefit include a segment's direct costs and number of employees compared to the total direct costs and number of employees for all segments.

We have reclassified certain prior-period amounts to conform to the current-period presentation.

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SUMMARY OF OPERATING SEGMENTS
	Three months ended March 31
(In millions)	2015		2014		V%
Revenues
CLL	$	1,556	$	3,582		(57)%
Consumer		2,058		3,602		(43)%
Energy Financial Services		285		469		(39)%
GECAS		1,282		1,345		(5)%
Total segment revenues		5,181		8,998		(42)%
GECC corporate items and eliminations		801		887		(10)%
Total revenues	$	5,982	$	9,885		(39)%
Segment profit (loss)
CLL	$	(3,847)	$	564		U
Consumer		(2,775)		786		U
Energy Financial Services		35		153		(77)%
GECAS		307		352		(13)%
Total segment profit (loss)		(6,280)		1,855		U
GECC corporate items and eliminations		(6,264)		(162)		U
Earnings (loss) from continuing operations attributable to GECC		(12,544)		1,693		U
Preferred stock dividends declared		-		-		-
Earnings (loss) from continuing operations attributable to    GECC common shareowner		(12,544)		1,693		U
Earnings (loss) from discontinued operations, net of taxes		(2,201)		252		U
Net earnings (loss) attributable to GECC common shareowner	$	(14,745)	$	1,945		U

(In millions)	March 31, 2015		December 31, 2014		March 31, 2014
Assets
CLL	$	156,254	$	172,380	$	175,059
Consumer		123,022		135,987		131,720
Energy Financial Services		16,139		15,467		15,943
GECAS		46,902		42,625		45,118
GECC Corporate items and eliminations		134,143		134,946		143,997
Total assets	$	476,460	$	501,405	$	511,837
ADDITIONAL INFORMATION - GEOGRAPHIC OPERATIONS OF CLL
			Three months ended March 31
(In millions)				2015		2014
Revenues
Americas			$	1,133	$	2,394
International				426		1,229
Other				(3)		(41)
Segment profit (loss)
Americas			$	(2,084)	$	485
International				(1,722)		152
Other				(41)		(73)
(In millions)	March 31, 2015		December 31, 2014			March 31, 2014
Total assets
Americas	$	97,000	$	103,884	$	104,007
International		54,955		64,194		66,751
Other		4,299		4,302		4,301

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COMMENTARY

COMMERCIAL LENDING AND LEASING

CLL 2015 revenues decreased 57% and net earnings decreased in the three months ended March 31, 2015. Revenues decreased primarily as a result of estimated losses on businesses classified as assets of businesses held for sale ($1.8 billion) and organic revenue declines ($0.1 billion). Net earnings decreased reflecting higher impairments ($3.2 billion) and higher provisions for losses on financing receivables ($1.2 billion). These decreases are primarily related to the reclassification of assets within CLL to assets of businesses held for sale, including goodwill allocation, and financing receivables held for sale recorded at the lower of cost or fair value, less cost to sell, and asset impairments due to shortened hold periods in connection with the GE Capital Exit Plan.

CONSUMER

Consumer 2015 revenues decreased by 43% and net earnings decreased in the three months ended March 31, 2015. Revenues decreased as a result of higher impairments ($1.4 billion). Net earnings decreased as a result of higher provisions for losses on financing receivables ($2.1 billion), higher impairments ($1.2 billion) and core decreases ($0.2 billion). These decreases are primarily related to the reclassification of assets within Consumer to financing receivables held-for-sale recorded at the lower of cost or fair value, less cost to sell, and asset impairments related to equity method investments in connection with the GE Capital Exit Plan.

ENERGY FINANCIAL SERVICES

Energy Financial Services 2015 revenues decreased 39% and net earnings decreased 77% in the three months ended March 31, 2015. Revenues decreased as a result of lower gains ($0.2 billion) and organic revenue declines ($0.1 billion), partially offset by lower impairments ($0.1 billion). Net earnings decreased as a result of lower gains ($0.1 billion) and core decreases ($0.1 billion), partially offset by lower impairments ($0.1 billion).

GECAS

GECAS 2015 revenues decreased 5% and net earnings decreased 13% in the three months ended March 31, 2015. Revenues decreased as a result of organic revenue declines ($0.1 billion), partially offset by the effects of acquisitions ($0.1 billion) and lower impairments. Net earnings decreased as a result of core decreases ($0.1 billion), partially offset by lower impairments and the effects of acquisitions.

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GECC CORPORATE ITEMS AND ELIMINATIONS

Corporate items and eliminations included $0.1 billion of Treasury operation income for both the three months ended March 31, 2015 and 2014, respectively, which were primarily related to derivative activities that reduce or eliminate interest rate, currency or market risk between financial assets and liabilities.

Corporate items and eliminations included $6.0 billion of net unallocated tax expenses in the three months ended March 31, 2015, primarily related to tax expenses on expected repatriation of foreign earnings and write-off of deferred tax assets related to the GE Capital Exit Plan.

Corporate items and eliminations included $0.1 billion of corporate headquarters expenses for both the three months ended March 31, 2015 and 2014, respectively, encompassing executive staff and functional support to our businesses.

Certain amounts included in corporate items and eliminations are not allocated to the four operating businesses because they are excluded from the measurement of their operating performance for internal purposes. Unallocated costs included $0.1 billion and an insignificant amount in both the three months ended March 31, 2015 and 2014, respectively, primarily related to restructuring, rationalization and other charges.

DISCONTINUED OPERATIONS

Discontinued operations primarily comprises our Real Estate business and our U.S. mortgage business (WMC). Results of operations, financial position and cash flows for these businesses are separately reported as discontinued operations for all periods presented.

FINANCIAL INFORMATION FOR DISCONTINUED OPERATIONS
	Three months ended March 31
(In millions)	2015		2014
Earnings (loss) from discontinued operations, net of taxes	$	(2,201)	$	252

The first quarter 2015 loss from discontinued operations, net of taxes, primarily reflected the following:

· $2.3 billion after-tax loss at our Real Estate business (including a $2.4 billion loss on the planned disposal).

The first quarter 2014 earnings from discontinued operations, net of taxes, primarily reflected the following:

· $0.2 billion after-tax earnings at our Real Estate business.

For additional information related to discontinued operations, see Note 2 to the consolidated financial statements.

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STATEMENT OF FINANCIAL POSITION

MAJOR CHANGES IN OUR FINANCIAL POSITION FOR THE THREE MONTHS ENDED MARCH 31, 2015:

· Financing receivables-net decreased $139.3 billion. See the following Financing Receivables section for additional information.

· Financing receivables held for sale increased $91.1 billion. See the following Financing Receivables Held for Sale section for additional information.

· Assets of businesses held for sale increased $50.1 billion, primarily as a result of the GE Capital Exit Plan, decreasing balances of our major asset categories, including: Investment securities; Financing receivables; Property, plant and equipment and Goodwill.

· Borrowings decreased $13.0 billion. GECC had net repayments on borrowings of $3.9 billion, along with a $10.1 billion reduction in the balances driven by the strengthening of the U.S. dollar against all major currencies.

· Accumulated other comprehensive income (loss) – currency translation adjustments decreased $1.8 billion driven by the strengthening U.S. dollar against all major currencies at March 31, 2015 compared with December 31, 2014. This decrease coincides with general decreases in balances of our major asset and liability categories, including: Financing receivables; Property, plant and equipment; Goodwill; Short-term borrowings and Long-term borrowings.

FINANCING RECEIVABLES

Financing receivables held for investment are those that we have the intent and ability to hold for the foreseeable future and are measured at the principal amount outstanding, net of the allowance for losses, write-offs, unamortized discounts and premiums, and net deferred loan fees or costs.

At March 31, 2015, our financing receivables portfolio primarily relates to GECAS, Energy Financial Services, Healthcare Equipment Finance (that directly relate to GE's core industrial businesses), Working Capital Solutions, a business that purchases GE customer receivables, and Synchrony Financial, our U.S. consumer business. The portfolios in our GECAS and Energy Financial Services businesses are collateralized by commercial aircraft and operating assets in the global energy and water industries, respectively. Our Healthcare Equipment Finance portfolio is collateralized by equipment used in the healthcare industry and the Working Capital Solutions portfolio is substantially recourse to GE or insured. Both the Healthcare Equipment Finance and Working Capital Solutions portfolios are reported in the CLL segment. Substantially all of the Synchrony Financial portfolio consists of U.S. consumer credit card and sales finance receivables.

For purposes of the discussion that follows, "delinquent" receivables are those that are 30 days or more past due based on their contractual terms. Loans purchased at a discount are initially recorded at fair value and accrete interest income over their estimated lives based on reasonably estimable cash flows even if the underlying loans are contractually delinquent at acquisition. "Nonaccrual" financing receivables are those on which we have stopped accruing interest. We stop accruing interest at the earlier of the time at which collection of an account becomes doubtful or the account becomes 90 days past due, with the exception of consumer credit card accounts, for which we continue to accrue interest until the accounts are written off in the period that the account becomes 180 days past due. Recently restructured financing receivables are not considered delinquent when payments are brought current according to the restructured terms, but may remain classified as nonaccrual until there has been a period of satisfactory payment performance by the borrower and future payments are reasonably assured of collection.

Further information on the determination of the allowance for losses on financing receivables and the credit quality and categorization of our financing receivables is provided in Notes 4 and 13 to the consolidated financial statements.

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FINANCING RECEIVABLES AND ALLOWANCE FOR LOSSES
	Financing receivables at					Nonaccrual receivables at						Allowance for losses at(a)
(In millions)	March 31, 2015		December 31, 2014			March 31, 2015			December 31, 2014			March 31, 2015		December 31, 2014
Commercial
CLL	$	12,555	$	110,503		$	25		$	2,000		$	35	$	831
Energy Financial Services		2,666		2,580			63			68			17		26
GECAS		7,817		8,263			255			419			42		46
Other		127		130			-			-			-		-
Total Commercial		23,165		121,476			343			2,487			94		903
Consumer		58,248		100,820	(b)		2	(d)		1,484	(b)		3,255		4,011	(b)
Total	$	81,413	$	222,296		$	345	(c)	$	3,971		$	3,349	$	4,914

(a) Write-offs to net realizable value are recognized against the allowance for losses primarily in the reporting period in which management has deemed all or a portion of the financing receivable to be uncollectible, but not later than 360 days after initial recognition of a specific reserve for a collateral dependent loan.

(b) Included financing receivables of $10,564 million, nonaccrual receivables of $546 million and allowance for losses of $136 million at December 31, 2014, respectively, primarily related to loans, net of credit insurance, whose terms permitted repayments that are less than the repayments for fully amortizing loans and high loan-to-value ratios at inception (greater than 90%). At origination, we underwrite loans with an adjustable rate to the reset value. Of these loans at December 31, 2014, about 85% are in our U.K. and France portfolios, which have a delinquency rate of 10%, have a loan-to-value ratio at origination of 82% and have re-indexed loan-to-value ratios of 77% and 62%, respectively. Re-indexed loan-to-value ratios may not reflect actual realizable values of future repossessions. At December 31, 2014, 13% (based on dollar values) of these loans in our U.K. and France portfolios have been restructured.

(c) Substantially all of our $0.3 billion of nonaccrual loans at March 31, 2015 are currently paying in accordance with the contractual terms.

(d) We continue to accrue interest on consumer credit cards until the accounts are written off in the period the account becomes 180 days past due.

Financing receivables, before allowance for losses, decreased $140.9 billion from December 31, 2014, primarily as a result of reclassifications to financing receivables held for sale or assets of businesses held for sale (primarily CLL and Consumer) ($123.1 billion), the stronger U.S. dollar ($7.7 billion), write-offs ($6.2 billion) and collections (which includes sales) exceeding originations ($3.7 billion).

Nonaccrual receivables decreased $3.6 billion from December 31, 2014, primarily due to reclassifications to financing receivables held for sale (including write-offs) or assets of businesses held for sale (primarily CLL and Consumer).

Allowance for losses decreased $1.6 billion from December 31, 2014, primarily as a result of write-offs on financing receivables reclassified to financing receivables held for sale and the transfer of that portion of the allowance for losses related to financing receivables reclassified to assets of businesses held for sale. The allowance for losses as a percent of total financing receivables increased from 2.2% at December 31, 2014 to 4.1% at March 31, 2015 reflecting decreases in both the allowance for losses and the overall financing receivables balance related to the financing receivables reclassified to financing receivables held for sale and assets of businesses held for sale as part of the GE Capital Exit Plan.

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SELECTED RATIOS RELATED TO NONACCRUAL FINANCING RECEIVABLES AND THE ALLOWANCES FOR LOSSES
	Nonaccrual financing receivables				Allowance for losses				Allowance for losses
	as a percent of				as a percent of				as a percent of
	total financing receivables at				nonaccrual financing receivables at				total financing receivables at
	March 31, 2015		December 31, 2014		March 31, 2015		December 31, 2014		March 31, 2015		December 31, 2014
Commercial
CLL	0.2	%	1.8	%	140.0	%	41.6	%	0.3	%	0.8	%
Energy Financial Services	2.4		2.6		27.0		38.2		0.6		1.0
GECAS	3.3		5.1		16.5		11.0		0.5		0.6
Total Commercial	1.5		2.1		27.4		36.3		0.4		0.7
Consumer	-	(d)	1.5	(a)	(c)		270.3	(a)	5.6	(b)	4.0	(a)
Total	0.4		1.8		(c)		123.8		4.1		2.2

(a) Included nonaccrual financing receivables as a percent of financing receivables of 5.2%, allowance for losses as a percent of nonaccrual receivables of 24.8% and allowance for losses as a percent of total financing receivables of and 1.3% at 2014, respectively, primarily related to loans, net of credit insurance, whose terms permitted repayments that are less than the repayments for fully amortizing loans and high loan-to-value ratios at inception (greater than 90%). Compared to the overall Non-U.S. residential mortgage loan portfolio, the ratio of allowance for losses as a percent of nonaccrual financing receivables for these loans is lower, driven primarily by the higher mix of such products in the U.K. and France portfolios and as a result of the better performance and collateral realization experience in these markets.

(b) The ratio of allowance for losses as a percent of financing receivables increased from 4.0% at December 31, 2014 to 5.6% at March 31, 2015, reflecting a decrease in the overall financing receivables balance in our U.S. portfolio, while the allowance for losses remained relatively flat.

(c) Not meaningful.

(d) We continue to accrue interest on consumer credit cards until the accounts are written off in the period the account becomes 180 days past due.

FINANCING RECEIVABLES HELD FOR SALE

Financing receivables held for sale are recorded at the lower of cost or fair value, less cost to sell, and represent those financing receivables that management does not intend to hold for the foreseeable future. Subsequent declines in fair value are recognized in the period in which they occur. Valuations are primarily performed on a portfolio basis, except for commercial financing receivables which may be performed on an individual financing receivable basis. Interest income on financing receivables held for sale is accrued and subject to the nonaccrual policies described above. Because financing receivables held for sale are recognized at the lower of cost or fair value, less cost to sell, the allowance for losses and write-off policies do not apply to these financing receivables.

During the three months ended March 31, 2015, we transferred most of our CLL and all non-U.S. Consumer financing receivables to financing receivables held for sale or assets of businesses held for sale as a result of the GE Capital Exit Plan and the signing of an agreement to sell our consumer finance business in ANZ. Also, in connection with the GE Capital Exit Plan, we announced the planned disposition of our Real Estate business, which is classified as discontinued operations for all years presented.

The transfer of financing receivables to financing receivables held for sale and assets of businesses held for sale totaled $93.1 billion and $30.0 billion, respectively. Prior to transferring the financing receivables to financing receivables held for sale we recognized a pre-tax provision for losses on financing receivables of $4.0 billion ($3.3 billion after-tax), to reduce the carrying value of the financing receivables to the lower of cost or fair value, less cost to sell, and wrote-off the associated balance of the allowance for losses of $5.1 billion to establish a new cost basis of the financing receivables held for sale at March 31, 2015.

For businesses held for sale, financing receivable balances of $30.0 billion and the related allowance for loan losses of $0.4 billion were reclassified to assets of businesses held for sale. The businesses held for sale were recorded at the lower of cost or fair value, less cost to sell, at March 31, 2015. The charge of $1.8 billion related to measuring the businesses held for sale, including goodwill allocation, at the lower of cost or fair value, less cost to sell, is recorded in other revenues.

A majority of the provision for losses on financing receivables recognized upon the transfer of financing receivables to financing receivables held for sale during the three months ended March 31, 2015 relates to our Consumer non-U.S. residential mortgage portfolios in the U.K., France, Poland and Spain, which primarily comprise variable rate mortgages with a remaining weighted average maturity of more than ten years. We estimate that the effect on the provision for losses is largely attributable to credit loss exposures that are not incurred losses recognizable under GAAP but nevertheless affect fair value that would be determined by a market participant when pricing the portfolio.

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As a result of the GE Capital Exit Plan and transfer of financing receivables to financing receivables held for sale or assets of businesses held for sale, nonaccrual receivables and impaired loan balances at December 31, 2014 were reduced by $3.1 billion and $3.4 billion, respectively. Loans held for sale are not reported as impaired, as these loans are recorded at lower of cost or fair value, less cost to sell.

Further information on financing receivables held for sale is provided in Note 2 to the consolidated financial statements.

FINANCIAL RESOURCES AND LIQUIDITY

LIQUIDITY AND BORROWINGS

We maintain a strong focus on liquidity. We manage our liquidity to help provide access to sufficient funding to meet our business needs and financial obligations throughout business cycles.

Our liquidity and borrowing plans are established within the context of our annual financial and strategic planning processes. Our liquidity and funding plans take into account the liquidity necessary to fund our operating commitments. We also take into account our capital allocation and growth objectives, including paying dividends.

Our liquidity position is targeted to meet our obligations under both normal and stressed conditions. We establish a funding plan annually that is based on the projected asset size and cash needs of the business, which, over the past few years, has incorporated our strategy to reduce our ending net investment. In connection with the GE Capital Exit Plan, we do not intend to issue any incremental unsecured term debt in the next five years. We expect to maintain an elevated liquidity position as we generate cash from asset sales, returning to more normalized levels in 2019. While we maintain elevated liquidity levels, we may engage in liability management actions, such as buying back debt, based on market and economic conditions. We rely on a diversified source of funding, including the unsecured term debt markets, the global commercial paper markets, deposits, secured funding, retail funding products, bank borrowings and securitizations to fund our balance sheet. We also rely on cash generated through collection of principal, interest and other payments on our existing portfolio of loans and leases to fund our operating and interest expense costs.

Our 2015 funding plan anticipates repayment of principal on outstanding short-term borrowings, including the current portion of long-term debt ($37.7 billion at December 31, 2014), principally through dispositions, asset sales and cash on hand. Long-term maturities and early redemptions were $15.3 billion in the first quarter of 2015. Interest on borrowings is primarily repaid through interest earned on existing financing receivables, a trend we expect to change as GECC executes the GE Capital Exit Plan. During the first quarter of 2015, we earned interest income on financing receivables of $4.1 billion, which more than offset interest expense of $1.7 billion.

We maintain a detailed liquidity policy that requires us to maintain a contingency funding plan. The liquidity policy defines our liquidity risk tolerance under different stress scenarios based on our liquidity sources and also establishes procedures to escalate potential issues. We actively monitor our access to funding markets and our liquidity profile through tracking external indicators and testing various stress scenarios. The contingency funding plan provides a framework for handling market disruptions and establishes escalation procedures in the event that such events or circumstances arise. We will continue to evaluate the need to modify the existing contingency funding plan due to the GE Capital Exit Plan.

On April 10, 2015, Moody's Investors Service (Moody's) downgraded the senior unsecured debt rating for GE to A1 from Aa3 following GE's April 10^th announcement of the GE Capital Exit Plan. GE's P-1 short-term rating was affirmed. Moody's affirmed GECC's A1/P-1 ratings. The rating outlook for GE and GECC remains stable.  On April 10, 2015, Standard & Poor's Rating Services (S&P) affirmed GE's AA+/A-1+ ratings and GECC's AA+/A-1+ ratings each with a stable outlook.

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LIQUIDITY SOURCES

We maintain liquidity sources that consist of cash and equivalents of $73.6 billion, committed unused credit lines of $45.4 billion and high-quality, liquid investments of $2.7billion.

CASH AND EQUIVALENTS
(In billions)		March 31, 2015
U.S.	$	34.7
Non-U.S.		38.9	(a)
Total consolidated	$	73.6	(b)

(a) Of this amount at March 31, 2015, no cash was considered indefinitely reinvested. Indefinitely reinvested cash held outside of the U.S. is available to fund operations and other growth of non-U.S. subsidiaries; it is also available to fund our needs in the U.S. on a short-term basis through short-term loans, without being subject to U.S. tax. Under the Internal Revenue Code, these loans are permitted to be outstanding for 30 days or less and the total of all such loans is required to be outstanding for less than 60 days during the year. If we were to repatriate indefinitely reinvested cash held outside the U.S., we would be subject to additional U.S. income taxes and foreign withholding taxes.

(b) At March 31, 2015, cash and cash equivalents of about $18.6 billion were in regulated banks and insurance entities and were subject to regulatory restrictions.

COMMITTED UNUSED CREDIT LINES
(In billions)	March 31, 2015
Revolving credit agreements (exceeding one year)	$	25.1
Revolving credit agreements (364-day line)(a)		20.3
Total(b)	$	45.4

(a) Contain a term-out feature that allows us to extend borrowings for two years from the date on which such borrowings would otherwise be due.

(b) Total committed, unused credit lines were extended to us by 49 financial institutions. GECC can borrow up to $45.4 billion under all of these credit lines. GE can borrow up to $14.3 billion under certain of these credit lines.

FUNDING PLAN

GE reduced its GE Capital ENI*, excluding liquidity, to $303 billion at March 31, 2015.

During the first three months of 2015, we completed issuances of $8.1 billion of senior unsecured debt (excluding securitizations described below) with maturities up to 10 years. In February 2015, Synchrony Financial issued an additional $1.0 billion of senior unsecured debt maturing in 2020.

COMMERCIAL PAPER
(In billions)
Average commercial paper borrowings during the first quarter of 2015	$	25.1
Maximum commercial paper borrowings outstanding during the first quarter of 2015		25.2

Our commercial paper maturities have historically been funded principally through new commercial paper issuances. As announced on April 10, 2015, we are targeting to reduce the outstanding commercial paper to approximately $5 billion by the end of 2015.

We securitize financial assets as an alternative source of funding. During the first three months of 2015, we completed $1.3 billion of non-recourse issuances and $2.2 billion of non-recourse borrowings matured. At March 31, 2015, consolidated non-recourse securitization borrowings were $29.0 billion.

We have ten deposit-taking banks outside of the U.S. and two deposit-taking banks in the U.S. – Synchrony Bank (formerly GE Capital Retail Bank), a Federal Savings Bank (FSB), and GE Capital Bank, an industrial bank (IB). The FSB and IB currently issue certificates of deposit (CDs) in maturity terms up to 10 years.

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ALTERNATIVE FUNDING
(In billions)
Total alternative funding at December 31, 2014		$	117.3
Total alternative funding at March 31, 2015			112.9
	Bank deposits		62.7
	Non-recourse securitization borrowings		29.0
	Funding secured by real estate, aircraft and other collateral		5.6
	GE Interest Plus notes (including $0.1 billion of current long-term debt)		5.5
	Bank unsecured		10.1

As a matter of general practice, we routinely evaluate the economic impact of calling debt instruments where we have the right to exercise a call. In determining whether to call debt, we consider the economic benefit to GECC of calling debt, the effect of calling debt on our liquidity profile and other factors. During the first three months of 2015, we did not call any long-term debt.

*Non-GAAP Financial Measure

INCOME MAINTENANCE AGREEMENT AND GE GUARANTEE OF CERTAIN GECC DEBT

GE provides implicit and explicit support to GECC through commitments, capital contributions and operating support. As part of the GE Capital Exit Plan, on April 10, 2015, GE and GECC entered into an amendment to their existing financial support agreement. Under this amendment (the Amendment), GE has provided a full and unconditional guarantee (the Guarantee) of the payment of principal and interest on all tradable senior and subordinated outstanding long-term debt securities and all commercial paper issued or guaranteed by GECC identified in the Amendment.  In the aggregate, the Guarantee applied to approximately $210 billion of GECC debt as of April 10, 2015. The Guarantee replaced the requirement that GE make certain income maintenance payments to GECC in certain circumstances. GECC's U.S. public indentures were concurrently amended to provide the full and unconditional guarantee by GE set forth in the Guarantee.

STATEMENT OF CASH FLOWS

Our business uses a variety of financial resources to meet its capital needs.  Cash for our business activities is primarily provided from the issuance of term debt and commercial paper in public and private markets and deposits, as well as financing receivables collections, sales and securitizations.

CASH FLOWS
	Three months ended March 31
(In billions)		2015		2014
Cash from operating activities	$	2.5	$	2.8
Cash from investing activities		7.7		6.2
Cash used for financing activates		(6.5)		(8.8)

2015 – 2014 COMMENTARY:

GECC cash from operating activities decreased $0.3 billion primarily due to the following:

· A decrease in net cash collateral activity with counterparties on derivative contracts of $0.4 billion.

GECC cash from investing activities increased $1.5 billion primarily due to the following:

· A net increase in financing receivables activity of $1.8 billion driven by higher net collections (which includes sales) of financing receivables.

· The 2014 payment of our obligation to the buyer of GE Money Japan for $1.7 billion.

· These increases were partially offset by the 2015 acquisition of Milestone Aviation Group, resulting in net cash paid of $1.7 billion.

GECC cash used for financing activities decreased $2.3 billion primarily due to the following:

· Lower net repayments of borrowings of $2.7 billion driven primarily by issuances of senior unsecured notes.

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EXPOSURES

GECC SELECTED EUROPEAN EXPOSURES

At March 31, 2015, we had $54.8 billion in financing receivables to consumer and commercial customers in Europe including, $49.0 billion classified as either financing receivables held for sale or assets of businesses held for sale. The GECC financing receivables portfolio in Europe is well diversified across European geographies and customers. Approximately 92% of the portfolio is secured by collateral. Several European countries, including Spain, Portugal, Ireland, Italy, Greece and Hungary (focus countries), have been subject to credit deterioration due to weaknesses in their economic and fiscal situations. The carrying value of GECC funded exposures in these focus countries and in the rest of Europe comprised the following at March 31, 2015.

													Rest of		Total
March 31, 2015 (In millions)	Spain		Portugal		Ireland		Italy		Greece		Hungary		Europe		Europe
Financing receivables, net(a)(d)(j)	$	426	$	91	$	271	$	1,451	$	2	$	2,169	$	7,638	$	12,048
Financing receivables held for sale		593		89		46		3,281		-		7		38,737		42,753
Investments(b)(c)		2		-		-		65		-		-		1,327		1,394
Cost and equity method investments(d)		-		-		422		49		27		-		1,570		2,068
Derivatives, net of collateral(b)(e)		2		-		-		49		-		-		391		442
Equipment leased to others (ELTO)(f)(j)		468		198		496		668		252		228		10,044		12,354
Total funded exposures(g)(h)	$	1,491	$	378	$	1,235	$	5,563	$	281	$	2,404	$	59,707	$	71,059
Unfunded commitments(i)	$	56	$	8	$	96	$	184	$	4	$	660	$	3,844	$	4,852

(a) Financing receivable amounts are classified based on the location or nature of the related obligor.

(b) Investments and derivatives are classified based on the location of the parent of the obligor or issuer.

(c) Included $0.2 billion related to financial institutions, $0.1 billion related to non-financial institutions and $1.0 billion related to sovereign issuers. Sovereign issuances totaled $0.1 billion related to Italy. We held no investments issued by sovereign entities in the other focus countries.

(d) Substantially all is non-sovereign.

(e) Net of cash collateral; entire amount is non-sovereign.

(f) These assets are held under long-term investment and operating strategies, and our ELTO strategies contemplate an ability to redeploy assets under lease should default by the lessee occur. The values of these assets could be subject to decline or impairment in the current environment.

(g) Excluded $28.1 billion of cash and equivalents, which is composed of $19.4 billion of cash on short-term placement with highly rated global financial institutions based in Europe, sovereign central banks and agencies or supranational entities, of which $0.7 billion is in focus countries, and $8.7 billion of cash and equivalents placed with highly rated European financial institutions on a short-term basis, secured by U.S. Treasury securities ($5.8 billion) and sovereign bonds of non-focus countries ($3.0 billion), where the value of our collateral exceeds the amount of our cash exposure.

(h) Rest of Europe included $1.8 billion and $0.1 billion of exposure for Russia and Ukraine, respectively, substantially all ELTO and financing receivables related to commercial aircraft in our GECAS portfolio.

(i) Includes ordinary course of business lending commitments, commercial and consumer unused revolving credit lines, inventory financing arrangements and investment commitments.

(j) Includes financing receivables of $6.2 billion and ELTO of $2.2 billion classified as assets of businesses held for sale.

We manage counterparty exposure, including credit risk, on an individual counterparty basis. We place defined risk limits around each obligor and review our risk exposure on the basis of both the primary and parent obligor, as well as the issuer of securities held as collateral. These limits are adjusted on an ongoing basis based on our continuing assessment of the credit risk of the obligor or issuer. In setting our counterparty risk limits, we focus on high-quality credits and diversification through spread of risk in an effort to actively manage our overall exposure. We actively monitor each exposure against these limits and take appropriate action when we believe that risk limits have been exceeded or there are excess risk concentrations. Our collateral position and ability to work out problem accounts have historically mitigated our actual loss experience. Delinquency experience has been relatively stable in our European commercial and consumer platforms in the aggregate, and we actively monitor and take action to reduce exposures where appropriate. Uncertainties surrounding European markets could have an impact on the judgments and estimates used in determining the carrying value of these assets.

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CRITICAL ACCOUNTING ESTIMATES

We utilized significant estimates in the preparation of the first quarter financial statements.

In addition to the discussion below on estimates used to determine the fair value of businesses and assets held for sale, please refer to the Critical Accounting Estimates section within MD&A and Note 1, Basis of Presentation and Summary of Significant Accounting Policies, to the consolidated financial statements of our 2014 Form 10-K Report for a discussion of our accounting policies and the critical accounting estimates we use to: assess the recoverability of assets such as financing receivables and goodwill; determine the fair value of financial assets; and determine our provision for income taxes and recoverability of deferred tax assets.

BUSINESSES AND ASSETS HELD FOR SALE

Businesses held for sale represent components that meet the accounting requirements to be classified as held for sale and are presented as single asset and liability amounts in our financial statements with a valuation allowance, if necessary, to recognize the net carrying amount at the lower of cost or fair value, less cost to sell. Financing receivables that no longer qualify to be presented as held for investment must be classified as held for sale and recognized in our financial statements at the lower of cost or fair value, less cost to sell, with that amount representing a new cost basis at the date of transfer.

As previously discussed, as a result of the GE Capital Exit Plan, management has committed to a plan to reduce the size of its financial services businesses through the sale of most of the assets of GECC over the next 24 months. As a result of the GE Capital Exit Plan, certain GECC businesses met the criteria to be classified as businesses held for sale and certain financing receivables were required to be recognized as held for sale at March 31, 2015.

The determination of fair value for businesses and portfolios of financing receivables involves significant judgments and assumptions. Development of estimates of fair values in this circumstance is complex and is dependent upon, among other factors, the nature of the potential sales transaction (for example, asset sale versus sale of legal entity), composition of assets and/or businesses in the disposal group, the comparability of the disposal group to market transactions, negotiations with third party purchasers, etc. Such factors bear directly on the range of potential fair values and the selection of the best estimates. Key assumptions were developed based on market observable data and, in the absence of such data, internal information that is consistent with what market participants would use in a hypothetical transaction as of March 31, 2015.

We will review all businesses and assets held for sale each reporting period to determine whether the existing carrying amounts are fully recoverable in comparison to estimated fair values.

Further information is provided in Notes 2 and 10 to the consolidated financial statements of this Form 10-Q Report.

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OTHER ITEMS

NEW ACCOUNTING STANDARDS

In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers, which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in GAAP when it becomes effective. The new standard is currently effective on January 1, 2017, subject to an additional one-year deferral as proposed by the FASB. Early application is not permitted. The standard permits the use of either the retrospective or modified retrospective (cumulative effect) transition method. We are evaluating the effect that ASU 2014-09 will have on our consolidated financial statements and related disclosures. We have not yet selected a transition method nor have we determined the effect of the standard on our ongoing financial reporting.

In February 2015, the FASB issued ASU 2015-02, Amendments to the Consolidation Analysis. The ASU amends the consolidation guidance for VIEs and general partners' investments in limited partnerships and modifies the evaluation of whether limited partnerships and similar legal entities are VIEs or voting interest entities. The ASU is effective for interim and annual reporting periods beginning after December 15, 2015, with early adoption permitted. We are currently evaluating the effect of the ASU on our consolidated financial statements and related disclosures.

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CONTROLS AND PROCEDURES

Under the direction of our Chief Executive Officer and Chief Financial Officer, we evaluated our disclosure controls and procedures and internal control over financial reporting and concluded that our disclosure controls and procedures were effective as of March 31, 2015.

On April 10, 2015 we announced that, as part of the GE Capital Exit Plan, we plan to dispose of a substantial portion of GE Capital's operations over the 2015-2017 timeframe. This plan will affect the operation of GE Capital's framework of internal controls over financial reporting as dispositions and other restructuring activities are executed. During the transition period, we have put in place enhanced procedures and controls to monitor and maintain our system of internal controls over financial reporting. We will continue to assess the effect of the plan on GE Capital's control environment and will make adjustments as appropriate.

REGULATIONS AND SUPERVISION

We are a regulated savings and loan holding company and in 2011 became subject to Federal Reserve Board (FRB) supervision under the Dodd-Frank Wall Street Reform and Consumer Protection Act (DFA). In 2013, the U.S. Financial Stability Oversight Council (FSOC) designated GECC as a nonbank systemically important financial institution (nonbank SIFI) under the DFA. As a result of this change in supervision and designation, stricter prudential regulatory standards and supervision apply to GECC. On November 25, 2014 the FRB proposed for comment enhanced prudential standards that would apply to GECC as a nonbank SIFI.  This proposal would, among other items, require GECC to comply with rules on capital and liquidity adequacy that apply to large bank holding companies, market terms requirements for intercompany transactions and enhanced risk management and governance requirements.  The proposed standards would also apply stress testing and capital planning requirements to GECC under the FRB's comprehensive capital analysis and review (CCAR) regulations. The comment period for the proposed standards closed on February 2, 2015, and the exact application of the proposed standards will not be known until after the final rule is published. We submitted comments on the proposed standards on February 2, 2015 and plan to submit additional comments conveying our views on the potential implications of the GE Capital Exit Plan for the proposed standards.

While the proposed enhanced prudential standards do not subject GECC to the Federal Reserve's capital plan rule applicable to large bank holding companies until the capital planning cycle beginning January 1, 2016, we do undertake an annual review of our capital adequacy prior to establishing a plan for dividends to our parent. This review is based on a forward-looking assessment of our material enterprise risks and involves the consideration of a number of factors. This analysis also includes an assessment of our capital and liquidity levels, as well as incorporating risk management and governance considerations. The most recent capital adequacy review was approved by the GECC board of directors and the GE Board of Directors Risk Committee in 2014. While a savings and loan holding company and nonbank SIFI like GECC is currently not required to obtain FRB approval to pay a dividend, it may not, under FRB regulations, conduct its operations in an unsafe or unsound manner. The FRB has articulated factors that it expects boards of directors of bank holding companies and savings and loan holding companies to consider in determining whether to pay a dividend.

In addition to the proposed enhanced prudential standards, as a nonbank SIFI GECC is also required to submit an annual resolution plan to the FRB and Federal Deposit Insurance Corporation (FDIC).  GECC submitted its first resolution plan to the FRB and FDIC on June 30, 2014. Our resolution plan describes how GECC could be resolved under existing insolvency regimes in a manner that mitigates potential disruption to the U.S. financial system and the global financial markets without the use of government support or taxpayer funds. If the FRB and FDIC determine that our resolution plan is deficient, the Dodd-Frank Act authorizes the FRB and FDIC to impose more stringent capital, leverage or liquidity requirements on us or restrict our growth or activities until we submit a plan remedying the deficiencies. If the FRB and FDIC ultimately determine that we have not adequately addressed the deficiencies, they could order us to divest assets or operations in order to facilitate our orderly resolution in the event of our failure.

We are also subject to the Volcker Rule, which U.S. regulators finalized on December 10, 2013. The rule prohibits companies that are affiliated with U.S. insured depository institutions from engaging in "proprietary trading" or acquiring or retaining ownership interest in, or sponsoring or engaging in certain transactions with, a "hedge fund" or a "private equity fund." Proprietary trading and fund investing, as prohibited by the rule, are not core activities for us, but we are assessing the full impact of the rule, in anticipation of full conformance with the rule, as required by July 21, 2015.

As discussed in Management's Discussion and Analysis, on April 10, 2015, our parent company, General Electric Company (GE), announced a plan (the GE Capital Exit Plan) to reduce the size of its financial services businesses. GE has discussed the GE Capital Exit Plan, aspects of which are subject to regulatory review and approval, with its regulators and staff of the Financial Stability Oversight Council (FSOC) and will work closely with these bodies to take the actions necessary over time to terminate the FSOC's designation of GECC (and the new intermediate holding company, as applicable) as a nonbank systemically important financial institution (nonbank SIFI).

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LEGAL PROCEEDINGS

The following information supplements and amends our discussion set forth under  "Legal Proceedings" in our Annual Report on Form 10-K for the fiscal year ended December 31, 2014.

There are 15 lawsuits relating to pending mortgage loan repurchase claims in which WMC, our U.S. mortgage business that we sold in 2007, is a party. The adverse parties in these cases are securitization trustees or parties claiming to act on their behalf. While the alleged claims for relief vary from case to case, the complaints and counterclaims in these actions generally assert claims for breach of contract, indemnification, and/or declaratory judgment, and seek specific performance (repurchase) and/or monetary damages. Beginning in the fourth quarter 2013, WMC entered into settlements that reduced its exposure on claims asserted in certain securitizations, and the claim amounts reported herein reflect the effect of these settlements.

Five WMC cases are pending in the United States District Court for the District of Connecticut. Four of these cases were initiated in 2012, and one was initiated in the third quarter 2013. Deutsche Bank National Trust Company (Deutsche Bank) is the adverse party in four cases, and Law Debenture Trust Company of New York (Law Debenture) is the adverse party in one case. The Deutsche Bank complaints assert claims on approximately $4,300 million of mortgage loans and seek to recover damages in excess of approximately $1,800 million. The Law Debenture complaint asserts claims on approximately $800 million of mortgage loans, and alleges losses on these loans in excess of approximately $425 million. On March 31, 2014, the District Court denied WMC's motions to dismiss these cases.

Four WMC cases are pending in the United States District Court for the District of Minnesota against US Bank National Association (US Bank), one of which was initiated by WMC seeking declaratory judgment. Three of these cases were filed in 2012, and one was filed in 2011. The Minnesota cases involve claims on approximately $800 million of mortgage loans and do not specify the amount of damages sought. In September 2013, the District Court granted in part and denied in part WMC's motions to dismiss or for summary judgment in these cases. On September 8, 2014, US Bank filed a petition for instructions in the administration of trusts in Minnesota state court seeking authorization and instruction for US Bank to implement the terms of a settlement agreement reached with WMC to compromise, settle, and release all claims arising out of the securitizations at issue in these four lawsuits. In February 2015, two bondholders filed to objections to the proposed settlement, and in response the court has scheduled an evidentiary hearing for June 2015. In light of the state court action seeking approval of the proposed settlement, the District Court entered orders in April 2015 staying further proceedings in the four cases until August 2015.

Four cases are pending against WMC in New York State Supreme Court, all of which were initiated by securitization trustees or securities administrators. These cases involve, in the aggregate, claims involving approximately $4,559 million of mortgage loans. One of these lawsuits was initiated by Deutsche Bank in the second quarter 2013 and names as defendants WMC and Barclays Bank PLC. It involves claims against WMC on approximately $1,000 million of mortgage loans and does not specify the amount of damages sought. The second case, in which the plaintiff is The Bank of New York Mellon (BNY), was initiated in the fourth quarter 2012 and names as defendants WMC, J.P. Morgan Mortgage Acquisition Corporation and JPMorgan Chase Bank, N.A. BNY asserts claims on approximately $1,300 million of mortgage loans, and seeks to recover damages in excess of $650 million. The third case was initiated by BNY in November 2013 and names as defendants WMC, J.P. Morgan Mortgage Acquisition Corporation and JPMorgan Chase Bank, N.A. In this case, BNY asserts claims on approximately $1,300 million of mortgage loans, and seeks to recover damages in excess of $600 million. The fourth case was filed in October 2014 and names as defendants WMC, J.P. Morgan Mortgage Acquisition Corporation and JPMorgan Chase Bank, N.A. The plaintiff, BNY, asserts claims on approximately $959 million of mortgage loans and seeks to recover damages in excess of $475 million.

22 2015 1Q FORM 10-Q

Two cases are pending against WMC in the United States District Court for the Southern District of New York. One case, in which the plaintiff is BNY, was filed in the third quarter 2012. In the second quarter 2013, BNY filed an amended complaint in which it asserts claims on approximately $900 million of mortgage loans, and seeks to recover damages in excess of $378 million. In September 2013, the District Court denied WMC's motion to dismiss. On September 18, 2014, the District Court issued an order directing the parties to participate in settlement discussions before a private mediator or the assigned magistrate judge. Following this mediation, the parties reached a settlement in principle on the claims arising from a portion of the loans held in the trust (the "Group1" loans), and, as a result, on February 9, 2015 the District Court stayed the case as to these claims. The second case was initiated by the Federal Housing Finance Agency (FHFA), which filed a summons with notice in the fourth quarter 2012. In the second quarter 2013, Deutsche Bank, in its role as securitization trustee of the trust at issue in the case, intervened as a plaintiff and filed a complaint relating to approximately $1,300 million of loans and alleging losses in excess of approximately $100 million. In December 2013, the District Court issued an order denying WMC's motion to dismiss. In February 2015, the District Court on its own motion requested that the parties re-brief several issues raised by WMC's motion to dismiss.

The amounts of the claims at issue in these cases (discussed above) reflect the purchase price or unpaid principal balances of the mortgage loans at issue at the time of purchase and do not give effect to pay downs, accrued interest or fees, or potential recoveries based upon the underlying collateral. All of the mortgage loans involved in these lawsuits are included in WMC's reported claims at March 31, 2015. See Note 2 to the consolidated financial statements for additional information.

23 2015 1Q FORM 10-Q

FINANCIAL STATEMENTS AND NOTES

Statement of Earnings (Loss)			25
Statement of Comprehensive Income (Loss)			26
Statement of Changes in Shareowners' Equity			26
Statement of Financial Position			27
Statement of Cash Flows			28
Notes to Consolidated Financial Statements
	1	Basis of Presentation and Summary of Significant Accounting Policies	29
	2	Businesses Held for Sale, Financing Receivables Held for Sale and Discontinued Operations	31
	3	Investment Securities	36
	4	Financing Receivables and Allowance for Losses	40
	5	Acquisitions, Goodwill and Other Intangible Assets	42
	6	Borrowings and Bank Deposits	44
	7	Income Taxes	45
	8	Shareowners' Equity	46
	9	Revenues from Services	48
	10	Fair Value Measurements	48
	11	Financial Instruments	53
	12	Variable Interest Entities	58
	13	Supplemental Information About the Credit Quality of Financing Receivables and Allowance for Losses	61

24 2015 1Q FORM 10-Q

FINANCIAL STATEMENTS

GENERAL ELECTRIC CAPITAL CORPORATION AND CONSOLIDATED AFFILIATES
STATEMENT OF EARNINGS (LOSS)
(UNAUDITED)
	Three months ended March 31
(In millions)		2015		2014
Revenues
Revenues from services(a)	$	5,964	$	9,864
Other-than-temporary impairment on investment securities:
Total other-than-temporary impairment on investment securities		(3)		(10)
Less other-than-temporary impairment recognized in
accumulated other comprehensive income		-		4
Net other-than-temporary impairment on investment securities recognized in earnings		(3)		(6)
Revenues from services (Note 9)		5,961		9,858
Sales of goods		21		27
Total revenues		5,982		9,885
Costs and expenses
Interest		1,651		1,887
Operating and administrative		3,194		2,811
Cost of goods sold		18		25
Investment contracts, insurance losses and insurance annuity benefits		644		643
Provision for losses on financing receivables (Note 4)		4,859		984
Depreciation and amortization		1,917		1,530
Total costs and expenses		12,283		7,880
Earnings (loss) from continuing operations before income taxes		(6,301)		2,005
Benefit (provision) for income taxes		(6,152)		(301)
Earnings (loss) from continuing operations		(12,453)		1,704
Earnings (loss) from discontinued operations, net of taxes (Note 2)		(2,201)		252
Net earnings (loss)		(14,654)		1,956
Less net earnings (loss) attributable to noncontrolling interests		91		11
Net earnings (loss) attributable to GECC		(14,745)		1,945
Preferred stock dividends declared		-		-
Net earnings (loss) attributable to GECC common shareowner	$	(14,745)	$	1,945
Amounts attributable to GECC common shareowner:
Earnings (loss) from continuing operations	$	(12,453)	$	1,704
Less net earnings (loss) attributable to noncontrolling interests		91		11
Earnings (loss) from continuing operations attributable to GECC		(12,544)		1,693
Preferred stock dividends declared		-		-
Earnings (loss) from continuing operations attributable to GECC common shareowner		(12,544)		1,693
Earnings (loss) from discontinued operations, net of taxes		(2,201)		252
Net earnings (loss) attributable to GECC common shareowner	$	(14,745)	$	1,945

(a)Excluding net other-than-temporary impairment on investment securities.

See accompanying notes.

25 2015 1Q FORM 10-Q

GENERAL ELECTRIC CAPITAL CORPORATION AND CONSOLIDATED AFFILIATES
STATEMENT OF COMPREHENSIVE INCOME (LOSS)
(UNAUDITED)
	Three months ended March 31
(In millions)		2015		2014
Net earnings (loss)	$	(14,654)	$	1,956
Less net earnings (loss) attributable to noncontrolling interests		91		11
Net earnings (loss) attributable to GECC	$	(14,745)	$	1,945
Other comprehensive income (loss)
Investment securities	$	197	$	484
Currency translation adjustments		(1,847)		(84)
Cash flow hedges		10		68
Benefit plans		10		(18)
Other comprehensive income (loss)		(1,630)		450
Less other comprehensive income (loss) attributable to noncontrolling interests		(32)		2
Other comprehensive income (loss) attributable to GECC	$	(1,598)	$	448
Comprehensive income (loss)	$	(16,284)	$	2,406
Less comprehensive income (loss) attributable to noncontrolling interests		59		13
Comprehensive income (loss) attributable to GECC	$	(16,343)	$	2,393

Amounts presented net of taxes. See Note 8 for further information about other comprehensive income (loss) and noncontrolling interests.

See accompanying notes.

GENERAL ELECTRIC CAPITAL CORPORATION AND CONSOLIDATED AFFILIATES
STATEMENT OF CHANGES IN SHAREOWNERS' EQUITY
(UNAUDITED)
	Three months ended March 31
(In millions)		2015		2014
GECC shareowners' equity balance at January 1	$	87,499	$	82,694
Increases (decreases) from net earnings (loss) attributable to GECC		(14,745)		1,945
Dividends and other transactions with shareowners		(450)		(500)
Other comprehensive income (loss) attributable to GECC		(1,598)		448
Changes in additional paid-in capital		6		-
Ending balance at March 31		70,712		84,587
Noncontrolling interests		2,987		440
Total equity balance at March 31	$	73,699	$	85,027

See Note 8 for further information about changes in shareowners' equity.

See accompanying notes.

26 2015 1Q FORM 10-Q

GENERAL ELECTRIC CAPITAL CORPORATION AND CONSOLIDATED AFFILIATES
STATEMENT OF FINANCIAL POSITION
(In millions, except share amounts)	March 31, 2015		December 31, 2014
	(Unaudited)
Assets
Cash and equivalents	$	73,632	$	74,105
Investment securities (Note 3)		41,853		47,478
Inventories		49		50
Financing receivables – net (Notes 4 and 13)		78,064		217,382
Other receivables		14,149		16,278
Property, plant and equipment, less accumulated amortization of $22,363 and $27,606		45,130		49,429
Goodwill (Note 5)		19,639		24,489
Other intangible assets – net (Note 5)		1,116		1,067
Other assets		25,019		29,038
Financing receivables held for sale (Note 2)		92,959		1,830
Assets of businesses held for sale (Note 2)		53,598		3,474
Assets of discontinued operations (Note 2)		31,252		36,785
Total assets(a)	$	476,460	$	501,405
Liabilities and equity
Short-term borrowings (Note 6)	$	66,178	$	68,515
Accounts payable		4,960		5,632
Non-recourse borrowings of consolidated securitization entities (Note 6)		29,035		29,938
Bank deposits (Note 6)		62,691		62,839
Long-term borrowings (Note 6)		178,037		187,749
Investment contracts, insurance liabilities and insurance annuity benefits		28,222		28,027
Other liabilities		14,292		16,315
Deferred income taxes		11,061		7,419
Liabilities of businesses held for sale (Note 2)		6,334		2,434
Liabilities of discontinued operations (Note 2)		1,951		2,139
Total liabilities(a)		402,761		411,007
Preferred stock, $0.01 par value (750,000 shares authorized at both March 31, 2015
and December 31, 2014,and 50,000 shares issued and outstanding
at both March 31, 2015 and December 31, 2014)		-		-
Common stock, $14 par value (4,166,000 shares authorized at both March 31, 2015
and December 31, 2014 and 1,000 shares issued and outstanding at both
March 31, 2015 and December 31, 2014)		-		-
Accumulated other comprehensive income (loss) – net(b)
Investment securities		1,207		1,010
Currency translation adjustments		(2,653)		(838)
Cash flow hedges		(162)		(172)
Benefit plans		(567)		(577)
Additional paid-in capital		33,005		32,999
Retained earnings		39,882		55,077
Total GECC shareowners' equity		70,712		87,499
Noncontrolling interests(c)(Note 8)		2,987		2,899
Total equity		73,699		90,398
Total liabilities and equity	$	476,460	$	501,405

(a) Our consolidated assets at March 31, 2015 included total assets of $48,303 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 $27,831 million, financing receivables held for sale of $14,171 million and investment securities of $3,290 million. Our consolidated liabilities at March 31, 2015 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 $27,561 million. See Note 12.

(b) The sum of accumulated other comprehensive income (loss) (AOCI) attributable to GECC was $(2,175) million and $(577) million at March 31, 2015 and December 31, 2014, respectively.

(c) Included AOCI attributable to noncontrolling interests of $(187) million and $(154) million at March 31, 2015 and December 31, 2014, respectively.

See accompanying notes.

27 2015 1Q FORM 10-Q

GENERAL ELECTRIC CAPITAL CORPORATION AND CONSOLIDATED AFFILIATES
STATEMENT OF CASH FLOWS
(UNAUDITED)
	Three months ending March 31
(In millions)	2015		2014
Cash flows – operating activities
Net earnings (loss)	$	(14,654)	$	1,956
Less net earnings (loss) attributable to noncontrolling interests		91		11
Net earnings (loss) attributable to GECC		(14,745)		1,945
(Earnings) loss from discontinued operations		2,201		(252)
Adjustments to reconcile net earnings (loss) attributable to GECC
to cash provided from operating activities
Depreciation and amortization of property, plant and equipment		1,917		1,530
Deferred income taxes		2,080		(1,688)
Increase (decrease) in accounts payable		562		851
Provision for losses on financing receivables		4,859		984
All other operating activities		5,600		(567)
Cash from (used for) operating activities – continuing operations		2,474		2,803
Cash from (used for) operating activities – discontinued operations		1,088		352
Cash from (used for) operating activities		3,562		3,155
Cash flows – investing activities
Additions to property, plant and equipment		(2,202)		(2,361)
Dispositions of property, plant and equipment		948		1,192
Increase in loans to customers		(66,369)		(69,418)
Principal collections from customers – loans		69,041		70,946
Investment in equipment for financing leases		(1,307)		(1,861)
Principal collections from customers – financing leases		1,826		2,312
Net change in credit card receivables		2,905		2,323
Proceeds from sale of discontinued operations		-		232
Net cash from (payments for) principal businesses purchased		(1,677)		-
All other investing activities		4,548		2,847
Cash from (used for) investing activities – continuing operations		7,713		6,212
Cash from (used for) investing activities – discontinued operations		(885)		(247)
Cash from (used for) investing activities		6,828		5,965
Cash flows – financing activities
Net increase (decrease) in borrowings (maturities of 90 days or less)		287		(3,750)
Net increase (decrease) in bank deposits		1,042		1,175
Newly issued debt (maturities longer than 90 days)		11,945		5,743
Repayments and other debt reductions (maturities longer than 90 days)		(19,020)		(11,489)
Dividends paid to shareowners		(450)		(500)
All other financing activities		(283)		29
Cash from (used for) financing activities – continuing operations		(6,479)		(8,792)
Cash used for financing activities – discontinued operations		(264)		(103)
Cash from (used for) financing activities		(6,743)		(8,895)
Effect of currency exchange rate changes on cash and equivalents		(3,297)		92
Increase (decrease) in cash and equivalents		350		317
Cash and equivalents at beginning of year		75,101		75,105
Cash and equivalents at March 31		75,451		75,422
Less cash and equivalents of discontinued operations at March 31		259		378
Cash and equivalents of continuing operations at March 31	$	75,192	$	75,044

See accompanying notes.

28 2015 1Q FORM 10-Q

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1. BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

BASIS OF PRESENTATION

General Electric Company (GE Company or GE) owns all of the common stock of General Electric Capital Corporation (GECC). Our financial statements consolidate all of our affiliates – companies that we control and in which we hold a majority voting interest. We also consolidate the economic interests we hold in certain businesses within companies in which we hold a voting equity interest and are majority owned by our parent, but which we have agreed to actively manage and control. See Note 1 to the consolidated financial statements in our Annual Report on Form 10-K for the fiscal year ended December 31, 2014 (2014 consolidated financial statements), which discusses our consolidation and financial statement presentation. GECC includes Commercial Lending and Leasing (CLL), Consumer, Energy Financial Services and GE Capital Aviation Services (GECAS).

Effects of transactions between related companies are made on an arms-length basis and are eliminated. As a wholly-owned subsidiary, GECC enters into various operating and financing arrangements with its parent, GE. These arrangements are made on an arms-length basis and consist primarily of GECC dividends to GE; GE customer receivables sold to GECC; GECC services for trade receivables management and material procurement; buildings and equipment (including automobiles) leased between GE and GECC; information technology (IT) and other services sold to GECC by GE; aircraft engines manufactured by GE that are installed on aircraft purchased by GECC from third-party producers for lease to others; and various investments, loans and allocations of GE corporate costs.

We have reclassified certain prior-period amounts to conform to the current-period presentation. Unless otherwise indicated, information in these notes to the consolidated financial statements relates to continuing operations.

THE GE CAPITAL EXIT PLAN

On April 10, 2015, our parent company, General Electric Company (GE), announced a plan (the GE Capital Exit Plan)  to reduce the size of its financial services businesses through the sale of most of our assets, over the next 24 months, and to focus on continued investment and growth in GE's industrial businesses. Under the GE Capital Exit Plan which was approved on April 2, 2015 and aspects of which were approved on March 31, 2015, GE will retain certain GECC businesses, principally its vertical financing businesses – GECAS, Energy Financial Services and Healthcare Equipment Finance – that directly relate to GE's core industrial domain and other operations including Working Capital Solutions and our run-off insurance activities. The assets planned for disposition include Real Estate, most of CLL and all Consumer platforms (including all U.S. banking assets).

As part of the GE Capital Exit Plan, GE and GECC entered into an amendment to their existing financial support agreement. Under this amendment (the Amendment), GE has provided a full and unconditional guarantee (the Guarantee) of the payment of principal and interest on all tradable senior and subordinated outstanding long-term debt securities and all commercial paper issued or guaranteed by GECC identified in the Amendment. In the aggregate, the Guarantee applied to $210,107 million of GECC debt as of April 10, 2015. See Note 6. The Guarantee replaced the requirement that GE make certain income maintenance payments to GECC in certain circumstances. GECC's U.S. public indentures were concurrently amended to provide the full and unconditional guarantee by GE set forth in the Guarantee.

We recorded $16,118 million of after-tax charges ($13,764 million of which is attributable to continuing operations and $2,354 million of which is attributable to discontinued operations) in the first quarter of 2015 related to the GE Capital Exit Plan. The first quarter charges recorded in continuing operations include tax expense related to expected repatriation of foreign earnings and write-off of deferred tax assets ($5,980 million), asset impairments due to shortened hold periods ($4,962 million), and charges on businesses held for sale ($2,822 million), including goodwill allocation.

See Notes 2 and 5 to the consolidated financial statements for additional information.

29 2015 1Q FORM 10-Q

INTERIM PERIOD PRESENTATION

The consolidated financial statements and notes thereto are unaudited. These statements include all adjustments (consisting of normal recurring accruals) that we considered necessary to present a fair statement of our results of operations, financial position and cash flows. The results reported in these consolidated financial statements should not be regarded as necessarily indicative of results that may be expected for the entire year. It is suggested that these consolidated financial statements be read in conjunction with the financial statements and notes thereto included in our 2014 consolidated financial statements. Effective for the first quarter of 2015, the Company is following a calendar quarter. Previously, we established interim quarterly closing dates using a fiscal calendar, which required our businesses to close their books on either a Saturday or Sunday, depending on the business. We label our quarterly information using a calendar convention, that is, first quarter is labeled as ending on March 31, second quarter as ending on June 30, and third quarter as ending on September 30.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

We utilized significant estimates in the preparation of the first quarter financial statements.

In addition to the discussion below on estimates used to determine the fair value of businesses and assets held for sale, please refer to the Critical Accounting Estimates section within MD&A and Note 1, Basis of Presentation and Summary of Significant Accounting Policies, to the consolidated financial statements of our 2014 Form 10-K Report for a summary of our significant  accounting policies and the critical accounting estimates we use to: assess the recoverability of assets such as financing receivables and goodwill; determine the fair value of financial assets; and  determine our provision for income taxes and recoverability of deferred tax assets.

BUSINESSES AND ASSETS HELD FOR SALE

Businesses held for sale represent components that meet accounting requirements to be classified as held for sale and are presented as single asset and liability amounts in our financial statements with a valuation allowance, if necessary, to recognize the net carrying amount at the lower of cost or fair value, less cost to sell. Financing receivables that no longer qualify to be presented as held for investment must be classified as held for sale and recognized in our financial statements at the lower of cost or fair value, less cost to sell, with that amount representing a new cost basis at the date of transfer.

As a result of the GE Capital Exit Plan, certain GECC businesses met the criteria to be classified as businesses held for sale and certain financing receivables were required to be recognized as held for sale at March 31, 2015.

The determination of fair value for businesses and portfolios of financing receivables involves significant judgments and assumptions. Development of estimates of fair values in this circumstance is complex and is dependent upon, among other factors, the nature of the potential sales transaction (for example, asset sale versus sale of legal entity), composition of assets and/or businesses in the disposal group, the comparability of the disposal group to market transactions, negotiations with third party purchasers, etc. Such factors bear directly on the range of potential fair values and the selection of the best estimates. Key assumptions were developed based on market observable data and, in the absence of such data, internal information that is consistent with what market participants would use in a hypothetical transaction as of March 31, 2015.

We will review all businesses and assets held for sale each reporting period to determine whether the existing carrying amounts are fully recoverable in comparison to estimated fair values.

30 2015 1Q FORM 10-Q

NOTE 2. BUSINESSES HELD FOR SALE, FINANCING RECEIVABLES HELD FOR SALE AND DISCONTINUED OPERATIONS

ASSETS AND LIABILITIES OF BUSINESSES HELD FOR SALE

In the first quarter of 2015, in connection with the GE Capital Exit Plan, we committed to sell certain businesses within our CLL business, with assets of $44,398 million and liabilities of $3,871 million. Upon classification as held for sale, we recorded an estimated loss on disposal of $1,845 million ($2,822 million after tax) in revenues. In addition, we signed an agreement to sell our consumer finance business in Australia and New Zealand (ANZ Consumer Lending), with assets of $6,093 million and liabilities of $286 million, to a consortium including KKR, Varde Partners and Deutsche Bank for approximately 6,800 million Australian dollars and 1,400 million New Zealand dollars, respectively, and is targeted to close in 2015. The transactions remain subject to customary closing conditions and regulatory approvals.

In the fourth quarter of 2014, we signed an agreement to sell our consumer finance business Budapest Bank with assets of $3,107 million and liabilities of $2,177 million to Hungary's government. The transaction remains subject to customary closing conditions and regulatory approvals, and is targeted to close in 2015.

FINANCIAL INFORMATION FOR ASSETS AND LIABILITIES OF BUSINESSES HELD FOR SALE
(In millions)	March 31, 2015		December 31, 2014
Assets
Cash and equivalents	$	1,560	$	676
Investment securities		7,720		448
Financing receivables – net		31,318		2,144
Property, plant and equipment – net		7,130		37
Goodwill		4,973		106
Other intangible assets – net		145		13
Other		2,597		50
Valuation allowance on disposal group classified as held for sale		(1,845)		-
Assets of businesses held for sale	$	53,598	$	3,474
Liabilities
Short-term borrowings	$	836	$	435
Accounts payable		747		4
Other current liabilities		919		3
Bank deposits		1,711		1,931
Long-term borrowings		230		-
Deferred income taxes		255		(31)
Other		1,636		92
Liabilities of businesses held for sale	$	6,334	$	2,434

Other assets at March 31, 2015 primarily comprised equity investments and real estate investments.

FINANCING RECEIVABLES HELD FOR SALE

In the first quarter of 2015, in connection with the GE Capital Exit Plan, we committed to sell most of our CLL and all of our non-U.S. Consumer financing receivables. As a result, we transferred these financing receivables to held for sale and recognized a pre-tax provision for losses on financing receivables of $3,955 million ($3,341 million after tax) and wrote-off the associated balance of the allowance for loan losses of $5,072 million to reduce the carrying value of the financing receivables to the lower of cost or fair value, less cost to sell.

31 2015 1Q FORM 10-Q

FINANCING RECEIVABLES HELD FOR SALE
(in millions)	March 31, 2015			December 31, 2014
Commercial
CLL	$	65,974		$	1,409
Energy Financial Services		-			35
GE Capital Aviation Services (GECAS)		259			27
Total Commercial		66,233	(a)		1,471
Consumer		26,726	(b)		359
Total financing receivables held for sale	$	92,959		$	1,830

(a) Over 30 days past due and nonaccrual financing receivables related to commercial financing receivables held for sale were $993 million and $1,401 million respectively.

(b) Over 30 days past due and nonaccrual financing receivables related to consumer financing receivables held for sale were $1,757 million and $1,109 million, respectively.

DISCONTINUED OPERATIONS

Discontinued operations primarily comprised our Real Estate business and our U.S. mortgage business (WMC). Results of operations, financial position and cash flows for these businesses are separately reported as discontinued operations for all periods presented.

32 2015 1Q FORM 10-Q

FINANCIAL INFORMATION FOR DISCONTINUED OPERATIONS
	Three months ended March 31
(In millions)	2015		2014
Operations
Total revenues (loss)	$	500	$	660
Earnings (loss) from discontinued operations before income taxes	$	31	$	123
Benefit (provision) for income taxes		122		110
Earnings (loss) from discontinued operations, net of taxes	$	153	$	233
Disposal
Gain (loss) on disposal before income taxes	$	(1,808)	$	18
Benefit (provision) for income taxes		(546)		1
Gain (loss) on disposal, net of taxes	$	(2,354)	$	19
Earnings (loss) from discontinued operations, net of taxes	$	(2,201)	$	252
(In millions)	March 31, 2015		December 31, 2014
Assets
Cash and equivalents	$	259	$	320
Investment securities		799		848
Financing receivables – net		19,348		19,636
Other receivables		411		413
Property, plant and equipment – net		137		141
Goodwill		440		537
Other intangible assets – net		93		109
Deferred income taxes		1,425		1,755
Other		10,148		13,026
Valuation allowance on disposal group classified as discontinued operations		(1,808)		-
Assets of discontinued operations	$	31,252	$	36,785
Liabilities
Short-term borrowings	$	20	$	273
Accounts payable		465		549
Other current liabilities		84		-
Long-term borrowings		188		234
Deferred income taxes		184		238
Other		1,010		845
Liabilities of discontinued operations	$	1,951	$	2,139

Other assets at March 31, 2015 and December 31, 2014 primarily comprised real estate investments at our Real Estate business.

REAL ESTATE

In connection with the GE Capital Exit Plan, we announced the planned disposition of our Real Estate business and classified the business as discontinued operations and recorded an estimated loss on disposal of $1,808 million ($2,354 million after tax). We expect to complete the disposal by the end of 2015.

FINANCIAL INFORMATION FOR REAL ESTATE
	Three months ended March 31
(In millions)		2015		2014
Operations
Total revenues (loss)	$	499	$	630
Interest	$	(237)	$	(273)
Operating and administrative		(164)		(149)
Depreciation and amortization		(60)		(86)
Provision for losses on financing receivables		4		15
Earnings (loss) from discontinued operations, before income taxes		42		137
Benefit (provision) for income taxes		30		103
Earnings (loss) from discontinued operations, net of taxes	$	72	$	240
Disposal
Gain (loss) on disposal before income taxes	$	(1,808)	$	-
Benefit (provision) for income taxes		(546)		-
Gain (loss) on disposal, net of taxes	$	(2,354)	$	-
Earnings (loss) from discontinued operations, net of taxes(a)	$	(2,282)	$	240

(a) Earnings (loss) from discontinued operations attributable to the Company, before income taxes, was $(1,765) million and $138 million for the three months ended March 31, 2015 and 2014, respectively.

33 2015 1Q FORM 10-Q

WMC

During the fourth quarter of 2007, we completed the sale of WMC, our U.S. mortgage business. WMC substantially discontinued all new loan originations by the second quarter of 2007, and is not a loan servicer. In connection with the sale, WMC retained certain representation and warranty obligations related to loans sold to third parties prior to the disposal of the business and contractual obligations to repurchase previously sold loans that had an early payment default. All claims received by WMC for early payment default have either been resolved or are no longer being pursued.

The remaining active claims have been brought by securitization trustees or administrators seeking recovery from WMC for alleged breaches of representations and warranties on mortgage loans that serve as collateral for residential mortgage-backed securities (RMBS). At March 31, 2015, such claims consisted of $3,689 million of individual claims generally submitted before the filing of a lawsuit (compared to $3,694 million at December 31, 2014) and $8,982 million of additional claims asserted against WMC in litigation without making a prior claim (Litigation Claims) (compared to $9,225 million at December 31, 2014). The total amount of these claims, $12,671 million, reflects the purchase price or unpaid principal balances of the loans at the time of purchase and does not give effect to pay downs or potential recoveries based upon the underlying collateral, which in many cases are substantial, nor to accrued interest or fees. As of March 31, 2015, these amounts do not include approximately $429 million of repurchase claims relating to alleged breaches of representations that are not in litigation and that are beyond the applicable statute of limitations. WMC believes that repurchase claims brought based upon representations and warranties made more than six years before WMC was notified of the claim would be disallowed in legal proceedings under applicable statutes of limitations.

Reserves related to repurchase claims made against WMC were $814 million at March 31, 2015, reflecting a net increase to reserves in the three months ended March 31, 2015 of $5 million due to incremental provisions offset by settlement activity. The reserve estimate takes into account recent settlement activity and is based upon WMC's evaluation of the remaining exposures as a percentage of estimated lifetime mortgage loan losses within the pool of loans supporting each securitization. Settlements in prior periods reduced WMC's exposure on claims asserted in certain securitizations and the claim amounts reported above give effect to these settlements.

ROLLFORWARD OF THE RESERVE
	Three months ended March 31
(In millions)		2015		2014
Balance, beginning of period	$	809	$	800
Provision		7		-
Claim resolutions / rescissions		(2)		(250)
Balance, end of period	$	814	$	550

Given the significant litigation activity and WMC's continuing efforts to resolve the lawsuits involving claims made against WMC, it is difficult to assess whether future losses will be consistent with WMC's past experience. Adverse changes to WMC's assumptions supporting the reserve may result in an increase to these reserves. Taking into account both recent settlement activity and the potential variability of settlements, WMC estimates a range of reasonably possible loss from $0 to approximately $500 million over its recorded reserve at March 31, 2015. This estimate excludes any possible loss associated with an adverse court decision on the applicable statute of limitations, as WMC is unable at this time to develop such a meaningful estimate.

At March 31, 2015, there were 15 lawsuits involving claims made against WMC arising from alleged breaches of representations and warranties on mortgage loans included in 14 securitizations. The adverse parties in these cases are securitization trustees or parties claiming to act on their behalf. Although the alleged claims for relief vary from case to case, the complaints and counterclaims in these actions generally assert claims for breach of contract, indemnification, and/or declaratory judgment, and seek specific performance (repurchase of defective mortgage loan) and/or money damages. Adverse court decisions, including in cases not involving WMC (such as the New York Court of Appeals' decision on statute of limitations, expected in 2015), could result in new claims and lawsuits on additional loans. However, WMC continues to believe that it has defenses to the claims asserted in litigation, including, for example, based on causation and materiality requirements and applicable statutes of limitations. It is not possible to predict the outcome or impact of these defenses and other factors, any of which could materially affect the amount of any loss ultimately incurred by WMC on these claims.

34 2015 1Q FORM 10-Q

WMC has also received indemnification demands, nearly all of which are unspecified, from depositors/underwriters/sponsors of RMBS in connection with lawsuits brought by RMBS investors concerning alleged misrepresentations in the securitization offering documents to which WMC is not a party or, in two cases, involving mortgage loan repurchase claims made against RMBS sponsors. WMC believes that it has defenses to these demands.

To the extent WMC is required to repurchase loans, WMC's loss also would be affected by several factors, including pay downs, accrued interest and fees, and the value of the underlying collateral. The reserve and estimate of possible loss reflect judgment, based on currently available information, and a number of assumptions, including economic conditions, claim and settlement activity, pending and threatened litigation, court decisions regarding WMC's legal defenses, indemnification demands, government activity, and other variables in the mortgage industry. Actual losses arising from claims against WMC could exceed these amounts and additional claims and lawsuits could result if actual claim rates, governmental actions, litigation and indemnification activity, adverse court decisions, actual settlement rates or losses WMC incurs on repurchased loans differ from its assumptions.

FINANCIAL INFORMATION FOR WMC
	Three months ended March 31
(In millions)		2015		2014
Total revenues (loss)	$	-	$	4
Earnings (loss) from discontinued operations, net of taxes	$	(6)	$	(2)

35 2015 1Q FORM 10-Q

NOTE 3. INVESTMENT SECURITIES

Substantially all of our investment securities are classified as available-for-sale. These comprise mainly investment-grade debt securities supporting obligations to annuitants and policyholders in our run-off insurance operations and supporting obligations to holders of guaranteed investment contracts (GICs) in Trinity. We do not have any securities classified as held-to-maturity.

	March 31, 2015								December 31, 2014
			Gross		Gross						Gross		Gross
	Amortized		unrealized		unrealized		Estimated		Amortized		unrealized		unrealized		Estimated
(In millions)	cost		gains		losses		fair value		cost		gains		losses		fair value
Debt
U.S. corporate	$	20,015	$	4,322	$	(52)	$	24,285	$	19,889	$	3,967	$	(69)	$	23,787
State and municipal		4,967		667		(50)		5,584		5,181		624		(56)		5,749
Residential mortgage-backed(a)		1,129		100		(4)		1,225		1,578		153		(6)		1,725
Commercial mortgage-backed		2,421		181		(5)		2,597		2,903		170		(10)		3,063
Asset-backed		301		11		(17)		295		8,084		9		(175)		7,918
Corporate – non-U.S.		914		137		(1)		1,050		1,021		115		(1)		1,135
Government – non-U.S.		1,287		182		(1)		1,468		1,646		152		(2)		1,796
U.S. government and federal agency		5,029		86		-		5,115		1,957		56		-		2,013
Retained interests		16		1		-		17		16		1		-		17
Equity
Available-for-sale		144		55		(1)		198		197		58		(1)		254
Trading		19		-		-		19		21		-		-		21
Total	$	36,242	$	5,742	$	(131)	$	41,853	$	42,493	$	5,305	$	(320)	$	47,478

(a) Substantially collateralized by U.S. mortgages. At March 31, 2015, $1,191 million related to securities issued by government-sponsored entities and $34 million related to securities of private-label issuers. Securities issued by private-label issuers are collateralized primarily by pools of individual direct mortgage loans of financial institutions.

The fair value of investment securities decreased to $41,853 million at March 31, 2015, from $47,478 million at  December 31, 2014, primarily due to asset-backed debt securities collateralized by senior secured loans of high-quality, middle-market companies in a variety of industries, which were transferred to assets of businesses held for sale in connection with the GE Capital Exit Plan. This decrease was partially offset by purchases of U.S. government and federal agency securities primarily at Synchrony Financial and Trinity.

36 2015 1Q FORM 10-Q

ESTIMATED FAIR VALUE AND GROSS UNREALIZED LOSSES OF AVAILABLE-FOR-SALE INVESTMENT SECURITIES
	In loss position for
	Less than 12 months					12 months or more
			Gross					Gross
	Estimated		unrealized			Estimated		unrealized
(In millions)	fair value		losses		(a)	fair value		losses		(a)
March 31, 2015
Debt
U.S. corporate	$	820	$	(22)		$	295	$	(30)
State and municipal		206		(2)			203		(48)
Residential mortgage-backed		127		(1)			97		(3)
Commercial mortgage-backed		101		-			26		(5)
Asset-backed		58		-			77		(17)
Corporate – non-U.S.		27		(1)			2		-
Government – non-U.S.		403		(1)			-		-
U.S. government and federal agency		1,497		-			1		-
Equity		11		(1)			-		-
Total	$	3,250	$	(28)		$	701	$	(103)	(b)
December 31, 2014
Debt
U.S. corporate	$	554	$	(16)		$	836	$	(53)
State and municipal		81		(1)			348		(55)
Residential mortgage-backed		30		-			159		(6)
Commercial mortgage-backed		165		(1)			204		(9)
Asset-backed		7,493		(158)			77		(17)
Corporate – non-U.S.		42		(1)			3		-
Government – non-U.S.		677		(2)			14		-
U.S. government and federal agency		705		-			1		-
Retained interests		-		-			-		-
Equity		14		(1)			-		-
Total	$	9,761	$	(180)		$	1,642	$	(140)

(a) Included gross unrealized losses related to securities that had other-than-temporary impairments previously recognized of an insignificant amount at March 31, 2015.

(b) The majority relate to debt securities held to support obligations to holders of GICs and more than 70% are debt securities that were considered to be investment-grade by the major rating agencies at March 31, 2015.  

We regularly review investment securities for other-than-temporary impairment (OTTI) using both qualitative and quantitative criteria. For debt securities, our qualitative review considers our ability and intent to hold the security and the financial condition of and near-term prospects for the issuer, including whether the issuer is in compliance with the terms and covenants of the security. Our quantitative review considers whether there has been an adverse change in expected future cash flows. Unrealized losses are not indicative of the amount of credit loss that would be recognized and at March 31, 2015 are primarily due to increases in market yields subsequent to our purchase of the securities. We presently do not intend to sell the vast majority of our debt securities that are in an unrealized loss position and believe that it is not more likely than not that we will be required to sell the vast majority of these securities before anticipated recovery of our amortized cost. The methodologies and significant inputs used to measure the amount of credit loss for our investment securities during 2015 have not changed. For equity securities, we consider the duration and the severity of the unrealized loss. We believe that the unrealized loss associated with our equity securities will be recovered within the foreseeable future.

Our corporate debt portfolio comprises securities issued by public and private corporations in various industries, primarily in the U.S. Substantially all of our corporate debt securities are rated investment grade by the major rating agencies.

Our RMBS portfolio is collateralized primarily by pools of individual, direct mortgage loans, of which substantially all are in a senior position in the capital structure of the deals, not other structured products such as collateralized debt obligations. Of the total RMBS held at March 31, 2015, $1,191 million and $34 million related to agency and non-agency securities, respectively. Additionally, $65 million was related to residential subprime credit securities, primarily supporting obligations to annuitants and policyholders in our run-off insurance operations. Substantially all of the subprime exposure is related to securities backed by mortgage loans originated in 2005 and prior and are investment grade.

37 2015 1Q FORM 10-Q

Our commercial mortgage-backed securities (CMBS) portfolio is collateralized by both diversified pools of mortgages that were originated for securitization (conduit CMBS) and pools of large loans backed by high-quality properties (large loan CMBS), a majority of which were originated in 2008 and prior. The vast majority of the securities in our CMBS portfolio have investment-grade credit ratings.

PRE-TAX, OTHER-THAN-TEMPORARY IMPAIRMENTS ON INVESTMENT SECURITIES
	Three months ended March 31
(In millions)	2015		2014
Total pre-tax, OTTI recognized	$	3	$	10
Pre-tax, OTTI recognized in AOCI		-		(4)
Pre-tax, OTTI recognized in earnings(a)	$	3	$	6

(a) Included pre-tax, other-than-temporary impairments recorded in earnings related to equity securities of an insignificant amount and $1 million in the three months ended March 31, 2015 and 2014, respectively.

CHANGES IN CUMULATIVE CREDIT LOSS IMPAIRMENTS RECOGNIZED ON DEBT SECURITIES STILL HELD
	Three months ended March 31
(In millions)	2015		2014
Cumulative credit loss impairments recognized, beginning of period	$	557	$	853
Credit loss impairments recognized on securities not previously impaired		-		-
Incremental credit loss impairments recognized on securities previously impaired		-		1
Less credit loss impairments previously recognized on securities sold
during the period or that we intend to sell		4		51
Cumulative credit loss impairments recognized, end of period	$	553	$	803

CONTRACTUAL MATURITIES OF INVESTMENT IN AVAILABLE-FOR-SALE DEBT SECURITIES
(EXCLUDING MORTGAGE-BACKED AND ASSET-BACKED SECURITIES)
	Amortized		Estimated
(In millions)	cost		fair value
Due
Within one year	$	4,719	$	4,732
After one year through five years		3,694		3,955
After five years through ten years		5,146		5,634
After ten years		18,653		23,181

We expect actual maturities to differ from contractual maturities because borrowers have the right to call or prepay certain obligations.

38 2015 1Q FORM 10-Q

GROSS REALIZED GAINS AND LOSSES ON AVAILABLE-FOR-SALE INVESTMENT SECURITIES
	Three months ended March 31
(In millions)	2015		2014
Gains	$	97	$	13
Losses, including impairments		(14)		(7)
Net	$	83	$	6

Although we generally do not have the intent to sell any specific securities at the end of the period, in the ordinary course of managing our investment securities portfolio, we may sell securities prior to their maturities for a variety of reasons, including diversification, credit quality, yield and liquidity requirements and the funding of claims and obligations to policyholders. In some of our bank subsidiaries, we maintain a certain level of purchases and sales volume principally of non-U.S. government debt securities. In these situations, fair value approximates carrying value for these securities.

Proceeds from investment securities sales and early redemptions by issuers totaled $3,561 million and $1,327 million in the three months ended March 31, 2015 and 2014, respectively, principally from sales of short-term government securities in our bank subsidiaries and redemptions of non-U.S. corporate and asset-backed securities in our CLL business.  In addition, proceeds from investment securities sales in the three months ended March 31, 2015 included $1,627 million principally from sales of CMBS, RMBS and state and municipal securities at Trinity.

We recognized pre-tax gains (losses) on trading securities of $(2) million and $(5) million in the three months ended March 31, 2015 and 2014, respectively.

39 2015 1Q FORM 10-Q

NOTE 4. FINANCING RECEIVABLES AND ALLOWANCE FOR LOSSES

The implementation of the GE Capital Exit Plan has caused significant reductions in our CLL and Consumer portfolios as most or all of those portfolios have been reclassified to either financing receivables held for sale or assets of businesses held for sale. In the three months ended March 31, 2015, the transfer of financing receivables to financing receivables held for sale and assets of businesses held for sale totaled $93,141 million and $29,952 million, respectively. In addition our Real Estate business has been classified as a discontinued operation.

FINANCING RECEIVABLES, NET
(in millions)	March 31, 2015		December 31, 2014
Loans, net of deferred income	$	76,066	$	197,949
Investment in financing leases, net of deferred income		5,347		24,347
		81,413		222,296
Allowance for losses		(3,349)		(4,914)
Financing receivables – net(a)	$	78,064	$	217,382

(a) Financing receivables at December 31, 2014 included $209 million relating to loans that had been acquired in a transfer but have been subject to credit deterioration since origination. There were no such amounts at March 31, 2015.

FINANCING RECEIVABLES BY PORTFOLIO AND ALLOWANCE FOR LOSSES

FINANCING RECEIVABLES
(in millions)	March 31, 2015			December 31, 2014
Commercial
CLL	$	12,555	(a)	$	110,503
Energy Financial Services		2,666			2,580
GE Capital Aviation Services (GECAS)		7,817			8,263
Other		127			130
Total Commercial		23,165			121,476
Consumer		58,248	(b)		100,820
Total financing receivables		81,413			222,296
Allowance for losses		(3,349)			(4,914)
Total financing receivables – net	$	78,064		$	217,382

(a) Includes Healthcare Equipment Finance and Working Capital Solutions, a business that purchases GE customer receivables.

(b) Includes Synchrony Financial, our U.S. consumer business.

40 2015 1Q FORM 10-Q

ALLOWANCE FOR LOSSES
			Provision
	Balance at		charged to					Gross						Balance at
(In millions)	January 1		operations(a)		Other		(b)	write-offs		(a)(c)	Recoveries		(c)	March 31
2015
Commercial
CLL	$	831	$	1,749	$	(250)		$	(2,345)		$	50		$	35
Energy Financial Services		26		7		(1)			(15)			-			17
GECAS		46		(4)		-			-			-			42
Total Commercial		903		1,752		(251)			(2,360)			50			94
Consumer		4,011		3,107		(274)			(3,885)			296			3,255
Total	$	4,914	$	4,859	$	(525)		$	(6,245)		$	346		$	3,349
2014
Commercial
CLL	$	978	$	102	$	1		$	(256)		$	43		$	868
Energy Financial Services		8		9		-			(2)			1			16
GECAS		17		8		-			-			-			25
Other		2		(1)		(1)			-			-			-
Total Commercial		1,005		118		-			(258)			44			909
Consumer		3,981		866		16			(1,083)			280			4,060
Total	$	4,986	$	984	$	16		$	(1,341)		$	324		$	4,969

(a) Provision charged to operations included $3,955 million and gross write-offs included $5,072 million related to the effects of the 2015 reclassification of financing receivables to financing receivables held for sale recorded at the lower of cost or fair value, less cost to sell.

(b) Other primarily includes the 2015 reclassification of financing receivables to assets of businesses held for sale and the effects of currency exchange.

(c) Net write-offs (gross write-offs less recoveries) in certain portfolios may exceed the beginning allowance for losses as a result of losses that are incurred subsequent to the beginning of the fiscal year due to information becoming available during the current year, which may identify further deterioration on existing financing receivables.

41 2015 1Q FORM 10-Q

NOTE 5. ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS

ACQUISITIONS

Upon closing an acquisition, we estimate the fair values of assets and liabilities acquired and consolidate the acquisition as quickly as possible. Given the time it takes to obtain pertinent information to finalize the acquired company's balance sheet, then to adjust the acquired company's accounting policies, procedures, and books and records to our standards, it is often several quarters before we are able to finalize those initial fair value estimates. Accordingly, it is not uncommon for our initial estimates to be subsequently revised.

On January 30, 2015, we acquired Milestone Aviation Group (Milestone Aviation), a helicopter leasing business, for approximately $1,750 million, which is included in our GECAS segment. The preliminary purchase price allocation resulted in goodwill of approximately $750 million and amortizable intangible assets of approximately $300 million. The allocation of the purchase price will be finalized upon completion of post-closing procedures.

GOODWILL

CHANGES IN GOODWILL BALANCES
					Dispositions,
					currency
	Balance at				exchange		Balance at
(In millions)	January 1, 2015		Acquisitions		and other		March 31, 2015
CLL	$	13,058	$	-	$	(4,928)	$	8,130
Consumer		9,777		-		(673)		9,104
Energy Financial Services		1,507		-		-		1,507
GECAS		147		752		(1)		898
Total	$	24,489	$	752	$	(5,602)	$	19,639

Goodwill balances decreased $4,850 million in the three months ended March 31, 2015, primarily as a result of the reclassification of goodwill associated with certain businesses within our CLL business, in connection with the GE Capital Exit Plan, and ANZ Consumer Lending to assets of businesses held for sale and currency exchange effects of a stronger U.S. dollar, partially offset by the acquisition of Milestone Aviation.

As businesses meet the criteria for held for sale, we allocate goodwill to such businesses and assess the remaining reporting unit goodwill for impairment.

Our CLL reporting unit had a goodwill balance of $13,058 million at January 1, 2015. As a result of the GE Capital Exit Plan, we allocated $4,457 million of the CLL reporting unit goodwill to the carrying values of the assets of businesses held for sale. The remaining CLL goodwill was then tested for impairment using data as of January 1, 2015.

The impairment test consists of two steps: in step one, the carrying value of the reporting unit is compared with its fair value; in step two, which is applied when the carrying value of the reporting unit exceeds its fair value, the amount of goodwill impairment, if any, is derived by deducting the fair value of the reporting unit's assets and liabilities from the fair value of its equity, and comparing that amount with the carrying amount of goodwill.

We determined fair value for the CLL reporting unit using the market approach, which was derived from metrics of publicly traded companies or historically completed transactions of comparable businesses. The selection of comparable companies is based on the markets in which the CLL reporting unit businesses operate giving consideration to risk profiles, size, geography, and diversity of products and services.

While the carrying value of the CLL reporting unit was within the range of estimated fair values, we further substantiated our CLL goodwill balance by performing the second step analysis in which the implied fair value of goodwill exceeded its carrying value and accordingly, no goodwill impairment was recognized.

Additionally, our Consumer reporting unit had a goodwill balance of $9,777 million at January 1, 2015. During the first quarter of 2015, we signed an agreement to sell ANZ Consumer Lending and upon classification as held for sale, we allocated $410 million of

42 2015 1Q FORM 10-Q

Consumer reporting unit goodwill to the carrying value of the business. The remaining Consumer reporting unit goodwill was then tested for impairment using data as of January 1, 2015. Fair value of the Consumer reporting unit was determined using an income approach and incorporating market observable data. The fair value of the Consumer reporting unit exceeded its carrying value, and therefore, goodwill was not impaired.

Estimating the fair value of reporting units requires the use of estimates and significant judgments that are based on a number of factors including actual operating results. It is reasonably possible that the judgments and estimates described above could change in future periods.

OTHER INTANGIBLE ASSETS

INTANGIBLE ASSETS SUBJECT TO AMORTIZATION
	March 31, 2015						December 31, 2014
	Gross						Gross
	carrying		Accumulated				carrying		Accumulated
(In millions)	amount		amortization		Net		amount		amortization		Net
Customer-related	$	1,277	$	(752)	$	525	$	1,345	$	(844)	$	501
Capitalized software		1,674		(1,397)		277		2,108		(1,609)		499
Lease valuations		251		(124)		127		140		(124)		16
Trademarks		39		(6)		33		30		(20)		10
Patents and technology		85		(82)		3		87		(83)		4
Present value of future profits(a)		623		(623)		-		614		(614)		-
All other		609		(458)		151		391		(354)		37
Total	$	4,558	$	(3,442)	$	1,116	$	4,715	$	(3,648)	$	1,067

(a) Balances at March 31, 2015 and December 31, 2014 reflect adjustments of $287 million and $293 million, respectively, to the present value of future profits in our run-off insurance operation to reflect the effects that would have been recognized had the related unrealized investment securities holding gains and losses actually been realized.

Intangible assets subject to amortization decreased by $157 million in the three months ended March 31, 2015, primarily as a result of currency exchange effects of a stronger U.S. dollar and the reclassification of intangible assets associated with certain businesses within our CLL business, in connection with the GE Capital Exit Plan, and ANZ Consumer Lending to assets of businesses held for sale, partially offset by the acquisition of Milestone Aviation.

Amortization expense related to intangible assets subject to amortization was $153 million and $83 million in the three months ended March 31, 2015 and 2014, respectively, and is recorded in operating and administrative expense on the financial statements.

43 2015 1Q FORM 10-Q

NOTE 6. BORROWINGS AND BANK DEPOSITS

(In millions)	March 31, 2015		December 31, 2014
Short-term borrowings
Commercial paper(a)
U.S.	$	22,227	$	22,019
Non-U.S.		2,787		2,993
Current portion of long-term borrowings(a)(b)(c)		35,545		37,724
GE Interest Plus notes(d)		5,457		5,467
Other(c)		162		312
Total short-term borrowings	$	66,178	$	68,515
Long-term borrowings
Senior unsecured notes(a)(b)(e)	$	156,635	$	162,629
Subordinated notes(a)		4,635		4,804
Subordinated debentures(a)(f)(g)		6,543		7,085
Other(a)(c)(h)		10,224		13,231
Total long-term borrowings	$	178,037	$	187,749
Non-recourse borrowings of
consolidated securitization entities(i)	$	29,035	$	29,938
Bank deposits(j)	$	62,691	$	62,839
Total borrowings and bank deposits	$	335,941	$	349,041

(a) On April 10, 2015, GE announced it would provide a full and unconditional guarantee on the payment of the principal and interest on all tradable senior and subordinated outstanding long-term debt securities and all commercial paper issued or guaranteed by GECC. Short term borrowings included $25,014 million of commercial paper and $31,127 million of the current portion of long-term borrowings. Long term borrowings included $143,153 million of senior unsecured notes, $3,871 million of subordinated notes, $6,543 million of subordinated debentures, and $400 million of other.

(b) Included $434 million and $439 million of obligations to holders of GICs at March 31, 2015 and December 31, 2014, 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.

(c) Included $5,547 million and $5,552 million of funding secured by real estate, aircraft and other collateral at March 31, 2015 and December 31, 2014, respectively, of which $1,732 million and $1,847 million is non-recourse to GECC at March 31, 2015 and December 31, 2014, respectively.

(d) Entirely variable denomination floating-rate demand notes.

(e) Included $4,592 million related to Synchrony Financial.

(f) Subordinated debentures receive rating agency equity credit.

(g) Included $2,526 million of subordinated debentures, which constitute the sole assets of trusts that 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.

(h) Included $5,651 million related to Synchrony Financial.

(i) Included $6,374 million and $7,442 million of current portion of long-term borrowings at March 31, 2015 and December 31, 2014, respectively. See Note 12.

(j) Included $8,913 million and $10,258 million of deposits in non-U.S. banks at March 31, 2015 and December 31, 2014, respectively, and $15,513 million and $22,848 million of certificates of deposits with maturities greater than one year at March 31, 2015 and December 31, 2014, respectively.

44 2015 1Q FORM 10-Q

NOTE 7. INCOME TAXES

THE GE CAPITAL EXIT PLAN

In conjunction with the GE Capital Exit Plan, we will significantly reduce our non-U.S. assets while continuing to operate appropriately capitalized non-U.S. businesses with substantial assets related to our vertical financing businesses – Energy Financial Services, GECAS and Healthcare Equipment Finance. As a result of the GE Capital Exit Plan, we recognized a tax expense of $5,980 million in the first quarter of 2015 consisting of $3,549 million related to expected repatriation of excess foreign cash in the amount of approximately $36 billion and the write-off of deferred tax assets of $2,431 million that will no longer be supported under this plan.

Our indefinitely reinvested earnings will be reduced as the expected repatriation of cash will include a portion of the earnings that prior to the approval of the GE Capital Exit Plan were indefinitely reinvested in our international operations. Our indefinitely reinvested earnings will also be reduced by charges recognized in connection with the disposition of international assets with the remainder continuing to be reinvested in the significant international base of assets that will remain after the GE Capital Exit Plan is fully executed. The write-off of deferred tax assets largely relate to our Treasury operations in Ireland where the tax benefits will no longer be apparent to be realized upon implementation of the GE Capital Exit Plan.

UNRECOGNIZED TAX BENEFITS

UNRECOGNIZED TAX BENEFITS
(In millions)	March 31, 2015		December 31, 2014
Unrecognized tax benefits	$	2,961	$	3,055
Portion that, if recognized, would reduce tax expense and effective tax rate(a)		2,245		2,259
Accrued interest on unrecognized tax benefits		417		420
Accrued penalties on unrecognized tax benefits		33		34
Reasonably possible reduction to the balance of unrecognized tax benefits
in succeeding 12 months		0-600		0-600
Portion that, if recognized, would reduce tax expense and effective tax rate(a)		0-50		0-50

(a)Some portion of such reduction may be reported as discontinued operations.

The Internal Revenue Service (IRS) is currently auditing our consolidated U.S. income tax returns for 2010-2011.  In addition, certain other U.S. tax deficiency issues and refund claims for previous years are still unresolved. The IRS has disallowed the tax loss on our 2003 disposition of ERC Life Reinsurance Corporation. We have contested the disallowance of this loss. It is reasonably possible that the unresolved items could be resolved during the next 12 months, which could result in a decrease in our balance of unrecognized tax benefits – that is, the aggregate tax effect of differences between tax return positions and the benefits recognized in our financial statements.  We believe that there are no other jurisdictions in which the outcome of unresolved issues or claims is likely to be material to our results of operations, financial position or cash flows. We further believe that we have made adequate provision for all income tax uncertainties.

45 2015 1Q FORM 10-Q

NOTE 8. SHAREOWNERS' EQUITY

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
		Three months ended March 31
(In millions)		2015		2014
Investment securities
Beginning balance	$	1,010	$	309
Other comprehensive income (loss) (OCI) before reclassifications –
net of deferred taxes of $137 and $251		251		474
Reclassifications from OCI – net of deferred taxes
of $(29) and $7		(54)		10
Other comprehensive income (loss)(a)		197		484
Less OCI attributable to noncontrolling interests		-		-
Ending balance	$	1,207	$	793
Currency translation adjustments (CTA)
Beginning balance	$	(838)	$	(687)
OCI before reclassifications – net of deferred taxes
of $1,539 and $73		(1,850)		(86)
Reclassifications from OCI – net of deferred taxes
of $(1) and $124		3		2
Other comprehensive income (loss)(a)		(1,847)		(84)
Less OCI attributable to noncontrolling interests		(32)		2
Ending balance	$	(2,653)	$	(773)
Cash flow hedges
Beginning balance	$	(172)	$	(293)
OCI before reclassifications –
net of deferred taxes of $(59) and $69		(863)		129
Reclassifications from OCI – net of deferred taxes
of $119 and $(4)		873		(61)
Other comprehensive income (loss)(a)		10		68
Less OCI attributable to noncontrolling interests		-		-
Ending balance	$	(162)	$	(225)
Benefit plans
Beginning balance	$	(577)	$	(363)
Net actuarial gain (loss) – net of deferred taxes
of $(3) and $(8)		5		(22)
Net actuarial loss amortization – net of deferred taxes
of $2 and $2		5		4
Other comprehensive income (loss)(a)		10		(18)
Less OCI attributable to noncontrolling interests		-		-
Ending balance	$	(567)	$	(381)
Accumulated other comprehensive income (loss) at March 31	$	(2,175)	$	(586)

 (a) Total other comprehensive income (loss) was $(1,630) million and $450 million in the three months ended March 31, 2015 and 2014, respectively.

46 2015 1Q FORM 10-Q

RECLASSIFICATION OUT OF AOCI
		Three months ended March 31
(In millions)	2015		2014		Statement of Earnings Caption
Available-for-sale securities
Realized gains (losses) on
sale/impairment of securities	$	83	$	(17)	Revenues from services
		(29)		7	Benefit (provision) for income taxes
	$	54	$	(10)	Net of tax
Currency translation adjustments
Gains (losses) on dispositions	$	(2)	$	(126)	Costs and expenses
		(1)		124	Benefit (provision) for income taxes
	$	(3)	$	(2)	Net of tax
Cash flow hedges
Gains (losses) on interest rate derivatives	$	(39)	$	(69)	Interest
Foreign exchange contracts		(953)		134	(a)
		(992)		65	Total before tax
		119		(4)	Benefit (provision) for income taxes
	$	(873)	$	61	Net of tax
Benefit plan items
Amortization of actuarial gains (losses)		(7)		(6)	(b)
		(7)		(6)	Total before tax
		2		2	Benefit (provision) for income taxes
	$	(5)	$	(4)	Net of tax
Total reclassification adjustments	$	(827)	$	45	Net of tax

(a) Included $(944) million and $134 million in revenues from services and $(9) million and an insignificant amount in interest in the three months ended March 31, 2015 and 2014, respectively.

(b) Amortization of prior service costs and actuarial gains and losses out of AOCI are included in the computation of net periodic pension costs.

NONCONTROLLING INTERESTS

Noncontrolling interests in equity of consolidated affiliates includes common shares in consolidated affiliates and preferred stock issued by our affiliates. The balance is summarized as follows.

(In millions)	March 31, 2015		December 31, 2014
Synchrony Financial	$	2,617	$	2,531
Other noncontrolling interests in consolidated affiliates(a)		370		368
Total	$	2,987	$	2,899

(a) Consisted of a number of individually insignificant noncontrolling interests in partnerships and consolidated affiliates.

CHANGES TO NONCONTROLLING INTERESTS
		Three months ended March 31
(In millions)		2015		2014
Beginning balance	$	2,899	$	432
Net earnings		91		11
Dividends		(2)		-
Other (including AOCI)		(1)		(3)
Ending balance	$	2,987	$	440

OTHER

We paid quarterly dividends of $450 million and $500 million to GE in the three months ended March 31, 2015 and 2014, respectively. There were no special dividends in the three months ended March 31, 2015 and 2014, respectively.

47 2015 1Q FORM 10-Q

NOTE 9. REVENUES FROM SERVICES

	Three months ending March 31
(In millions)	2015		2014
Interest on loans	$	3,807	$	4,029
Equipment leased to others		2,427		2,661
Fees		1,048		1,086
Investment income		622		558
Associated companies(a)		388		373
Premiums earned by insurance activities		329		352
Financing leases		307		387
Other items(b)		(2,967)		412
Total	$	5,961	$	9,858

(a) Aggregate summarized financial information for significant associated companies assuming a 100% ownership interest is included total assets at March 31, 2015 and December 31, 2014 of $66,581 million and $78,632 million, respectively. Assets were primarily financing receivables of $36,538 million and $46,481 million at March 31, 2015 and December 31, 2014, respectively. Total liabilities were $48,166 million and $57,273 million, consisted primarily of bank deposits of $2,085 million and $1,853 million at March 31, 2015 and December 31, 2014, respectively, and debt of $39,770 million and $39,147 million at March 31, 2015 and December 31, 2014, respectively. Revenues for the three months ended March 31, 2015 and 2014 totaled $3,220 million and $3,544 million, respectively, and net earnings for the three months ended March 31, 2015 and 2014 totaled $299 million and $437 million, respectively.

(b) During the three months ended March 31, 2015, other items primarily comprised estimated losses on CLL businesses classified as assets of businesses held for sale ($1,845 million) and impairments related to equity method investments ($1,404 million) in connection with the GE Capital Exit Plan.

NOTE 10. FAIR VALUE MEASUREMENTS

RECURRING FAIR VALUE MEASUREMENTS

Our assets and liabilities measured at fair value on a recurring basis include investment securities primarily supporting obligations to annuitants and policyholders in our run-off insurance operations and supporting obligations to holders of GICs in Trinity.

48 2015 1Q FORM 10-Q

ASSETS AND LIABILITIES MEASURED AT FAIR VALUE ON A RECURRING BASIS
									Netting
(In millions)	Level 1		(a)	Level 2		(a)	Level 3		adjustment		(b)	Net balance
March 31, 2015
Assets
Investment securities
Debt
U.S. corporate	$	-		$	21,073		$	3,212	$	-		$	24,285
State and municipal		-			5,032			552		-			5,584
Residential mortgage-backed		-			1,222			3		-			1,225
Commercial mortgage-backed		-			2,595			2		-			2,597
Asset-backed		-			183			112		-			295
Corporate  ̶  non-U.S.		13			640			397		-			1,050
Government  ̶  non-U.S.		55			1,411			2		-			1,468
U.S. government and federal agency		-			4,824			291		-			5,115
Retained interests		-			-			17		-			17
Equity
Available-for-sale		177			15			6		-			198
Trading		19			-			-		-			19
Derivatives(c)		-			10,155			39		(8,184)			2,010
Total	$	264		$	47,150		$	4,633	$	(8,184)		$	43,863
Liabilities
Derivatives	$	-		$	5,445		$	12	$	(5,370)		$	87
Other		-			19			-		-			19
Total	$	-		$	5,464		$	12	$	(5,370)		$	106
December 31, 2014
Assets
Investment securities
Debt
U.S. corporate	$	-		$	20,659		$	3,128	$	-		$	23,787
State and municipal		-			5,171			578		-			5,749
Residential mortgage-backed		-			1,709			16		-			1,725
Commercial mortgage-backed		-			3,054			9		-			3,063
Asset-backed(d)		-			343			7,575		-			7,918
Corporate  ̶  non-U.S.		-			680			455		-			1,135
Government  ̶  non-U.S.		56			1,738			2		-			1,796
U.S. government and federal agency		-			1,747			266		-			2,013
Retained interests		-			-			17		-			17
Equity
Available-for-sale		231			14			9		-			254
Trading		21			-			-		-			21
Derivatives(c)		-			9,061			43		(7,400)			1,704
Total	$	308		$	44,176		$	12,098	$	(7,400)		$	49,182
Liabilities
Derivatives	$	-		$	4,298		$	15	$	(4,215)		$	98
Other		-			20			-		-			20
Total	$	-		$	4,318		$	15	$	(4,215)		$	118

(a) There were no securities transferred between Level 1 and Level 2 in the three months ended March 31, 2015. There were $487 million of Government – non-U.S. and $13 million of Corporate – non-U.S. available-for-sale debt securities transferred from Level 1 to Level 2 in the twelve months ended December 31, 2014 primarily attributable to changes in market observable data.

(b) The netting of derivative receivables and payables (including the effects of any collateral posted or received) is permitted when a legally enforceable master netting agreement exists.

(c) The fair value of derivatives includes an adjustment for non-performance risk. The cumulative adjustment was a gain (loss) of $5 million and $8 million at March 31, 2015 and December 31, 2014, respectively. See Note 11 for additional information on the composition of our derivative portfolio.

(d) Includes investments in our CLL business in asset-backed securities collateralized by senior secured loans of high-quality, middle-market companies in a variety of industries.

49 2015 1Q FORM 10-Q

LEVEL 3 INSTRUMENTS

The majority of our Level 3 balances consist of investment securities classified as available-for-sale with changes in fair value recorded in shareowners' equity.

CHANGES IN LEVEL 3 INSTRUMENTS FOR THE THREE MONTHS ENDED
																			Net
																			change in
			Net			Net													unrealized
			realized/			realized/													gains
			unrealized		unrealized														(losses)
			gains			gains													relating to
			(losses)		(losses)								Transfers		Transfers				instruments
	Balance at		included		included								into		out of		Balance at		still held at
(In millions)	January 1		in earnings(a)		in AOCI		Purchases		Sales		Settlements		Level 3(b)		Level 3(b)		March 31		March 31(c)
2015
Investment securities
Debt
U.S. corporate	$	3,128	$	8	$	61	$	92	$	(18)	$	(36)	$	-	$	(23)	$	3,212	$	-
State and municipal		578		-		-		7		(31)		(2)		-		-		552		-
RMBS		16		5		(4)		-		(14)		-		-		-		3		-
CMBS		9		-		-		-		(7)		-		-		-		2		-
ABS		7,575		-		160		140		(11)		(442)		-		(7,310)		112		-
Corporate – non-U.S.		455		-		(7)		252		(57)		(245)		-		(1)		397		-
Government – non-U.S.		2		-		-		-		-		-		-		-		2		-
U.S. government and
federal agency		266		-		26		-		-		(1)		-		-		291		-
Retained interests		17		-		-		1		-		(1)		-		-		17		-
Equity
Available-for-sale		9		2		(2)		-		-		(3)		-		-		6		-
Derivatives(d)(e)		37		-		2		(1)		-		-		-		(1)		37		-
Total	$	12,092	$	15	$	236	$	491	$	(138)	$	(730)	$	-	$	(7,335)	$	4,631	$	-
2014
Investment securities
Debt
U.S. corporate	$	2,918	$	8	$	63	$	153	$	(2)	$	(112)	$	96	$	(53)	$	3,071	$	-
State and municipal		96		-		27		9		-		(7)		435		-		560		-
RMBS		86		-		(1)		-		-		(4)		-		-		81		-
CMBS		10		-		-		-		-		(1)		2		-		11		-
ABS		6,898		1		(27)		405		-		(369)		-		-		6,908		-
Corporate – non-U.S.		666		1		14		220		(2)		(223)		-		-		676		-
Government – non-U.S.		31		-		-		-		-		-		-		(30)		1		-
U.S. government and
federal agency		225		-		9		-		-		-		-		(2)		232		-
Retained interests		21		-		-		1		-		(2)		-		-		20		-
Equity
Available-for-sale		11		-		-		-		-		-		-		-		11		-
Derivatives(d)(e)		20		3		-		(1)		-		(1)		-		-		21		9
Other		279		-		-		-		-		-		-		(279)		-		-
Total	$	11,261	$	13	$	85	$	787	$	(4)	$	(719)	$	533	$	(364)	$	11,592	$	9

(a) Earnings effects are primarily included in the "Revenues from services" and "Interest" captions in the Statement of Earnings (Loss).

(b) Transfers in and out of Level 3 are considered to occur at the beginning of the period. Transfers out of Level 3 for the three months ended March 31, 2015 were primarily a result of the reclassification of investments in our CLL business in asset-backed securities collateralized by senior secured loans of high-quality, middle-market companies in a variety of industries to assets of business held for sale. Transfers out of Level 3 for the three months ended March 31, 2014 were primarily a result of increased use of quotes from independent pricing vendors based on recent trading activity.

(c) Represents the amount of unrealized gains or losses for the period included in earnings.

(d) Represents derivative assets net of derivative liabilities and included cash accruals of $10 million and $6 million not reflected in the fair value hierarchy table for the three months ended March 31, 2015 and 2014, respectively.

(e) Gains (losses) included in net realized/unrealized gains (losses) included in earnings were offset by the earnings effects from the underlying items that were economically hedged. See Note 11.

50 2015 1Q FORM 10-Q

NON-RECURRING FAIR VALUE MEASUREMENTS

The following table represents non-recurring fair value amounts (as measured at the time of the adjustment) for those assets remeasured to fair value on a non-recurring basis during the fiscal year and still held at March 31, 2015 and December 31, 2014.

	Remeasured during				Remeasured during
	the three months ended March 31, 2015				the year ended December 31, 2014
(In millions)	Level 2		Level 3		Level 2		Level 3
Financing receivables and financing receivables held for sale	$	-	$	41,644	$	49	$	808
Cost and equity method investments		-		2,142		2		387
Long-lived assets, including real estate		-		2,344		364		836
Total	$	-	$	46,130	$	415	$	2,031

The following table represents the fair value adjustments to assets measured at fair value on a non-recurring basis and still held at March 31, 2015 and 2014.

	Three months ended March 31
(In millions)	2015		2014
Financing receivables and financing receivables held for sale	$	(4,000)	$	(119)
Cost and equity method investments		(1,461)		(205)
Long-lived assets, including real estate		(569)		(56)
Total	$	(6,030)	$	(380)

51 2015 1Q FORM 10-Q

LEVEL 3 MEASUREMENTS - SIGNIFICANT UNOBSERVABLE INPUTS
					Range
(Dollars in millions)	Fair value		Valuation technique	Unobservable inputs	(weighted average)
March 31, 2015
Recurring fair value measurements
Investment securities - Debt
U.S. corporate	$	1,015	Income approach	Discount rate(a)	1.7%-13.2% (6.7%)
State and municipal		456	Income approach	Discount rate(a)	2.8%-6.3% (4.8%)
Asset-backed		99	Income approach	Discount rate(a)	5.3%-9.0% (5.6%)
Corporate  ̶  non-U.S.		333	Income approach	Discount rate(a)	0.2%-14.0% (5.6%)
Non-recurring fair value measurements
Financing receivables and
financing receivables held for sale	$	40,043	Income approach	Discount rate(a)	1.0%-30.0% (8.5%)
Cost and equity method investments		1,928	Market comparables	Price to book multiple	0.4X-1.0X (0.6X)
Long-lived assets, including real estate		381	Income approach	Capitalization rate(b)	4.5%-15.4% (7.6%)
December 31, 2014
Recurring fair value measurements
Investment securities - Debt
U.S. corporate	$	980	Income approach	Discount rate(a)	1.5%-14.8% (6.6%)
State and municipal		481	Income approach	Discount rate(a)	1.9%-5.9% (2.8%)
Asset-backed		7,554	Income approach	Discount rate(a)	2.2%-12.4% (5.0%)
Corporate  ̶  non-U.S.		388	Income approach	Discount rate(a)	0.4%-14.0% (5.7%)
Non-recurring fair value measurements
Financing receivables and
financing receivables held for sale	$	82	Business enterprise	EBITDA multiple	4.3X-6.5X (6.2X)
			value
Cost and equity method investments		343	Income approach	Discount rate(a)	8.0%-10.0% (9.4%)
			Business enterprise value, Market comparables	EBITDA multiple	1.8X-10.5X (7.0X)
Long-lived assets, including real estate		666	Income approach	Discount rate(a)	2.0%-19.0% (6.8%)

(a) Discount rates are determined based on inputs that market participants would use when pricing investments, including credit and liquidity risk. An increase in the discount rate would result in a decrease in the fair value.

(b) Represents the rate of return on net operating income that is considered acceptable for an investor and is used to determine a property's capitalized value. An increase in the capitalization rate would result in a decrease in the fair value.

At March 31, 2015 and December 31, 2014, other Level 3 recurring fair value measurements of $2,676 million and $2,598 million, respectively, and non-recurring measurements of $3,741 million and $844 million, respectively, are valued using non-binding broker quotes or other third-party sources. At March 31, 2015 and December 31, 2014, other recurring fair value measurements of $42 million and $82 million, respectively, and non-recurring fair value measurements of $37 million and $96 million, respectively, were individually insignificant and utilize a number of different unobservable inputs not subject to meaningful aggregation. 

52 2015 1Q FORM 10-Q

NOTE 11. FINANCIAL INSTRUMENTS

The following table provides information about assets and liabilities not carried at fair value. The table excludes finance leases and non-financial assets and liabilities. Substantially all of the assets discussed below are considered to be Level 3. The vast majority of our liabilities' fair value can be determined based on significant observable inputs and thus considered Level 2. Few of the instruments are actively traded and their fair values must often be determined using financial models. Realization of the fair value of these instruments depends upon market forces beyond our control, including marketplace liquidity.

	March 31, 2015						December 31, 2014
			Assets (liabilities)						Assets (liabilities)
	Notional		Carrying		Estimated		Notional		Carrying		Estimated
(In millions)	amount		amount (net)		fair value		amount		amount (net)		fair value
Assets
Loans	$	(a)	$	72,748	$	78,974	$	(a)	$	193,214	$	197,833
Other commercial mortgages		(a)		1,430		1,569		(a)		1,427		1,508
Loans held for sale		(a)		76,679		76,797		(a)		1,830		1,855
Other financial instruments(b)		(a)		239		315		(a)		566		786
Liabilities
Borrowings and bank deposits(c)(d)		(a)		(335,941)		(351,046)		(a)		(349,041)		(365,724)
Investment contract benefits		(a)		(2,923)		(3,553)		(a)		(2,970)		(3,565)
Guaranteed investment contracts		(a)		(1,000)		(1,049)		(a)		(1,000)		(1,031)
Insurance - credit life(e)		-		-		-		1,843		(90)		(77)

(a) These financial instruments do not have notional amounts.

(b) Principally comprises cost method investments.

(c) See Note 6.

(d) Fair values exclude interest rate and currency derivatives designated as hedges of borrowings. Had they been included, the fair value of borrowings at March 31, 2015 and December 31, 2014 would have been reduced by $4,514 million and $5,020 million, respectively.

(e) Net of reinsurance of none and $964 million at March 31, 2015 and December 31, 2014, respectively.

NOTIONAL AMOUNTS OF LOAN COMMITMENTS
(In millions)	March 31, 2015		December 31, 2014
Ordinary course of business lending commitments(a)	$	2,935	$	3,239
Unused revolving credit lines(b)
Commercial(c)		12,987		14,681
Consumer – principally credit cards		309,688		306,188

(a) Excluded investment commitments of $742 million and $835 million at March 31, 2015 and December 31, 2014, respectively.

(b) Excluded amounts related to inventory financing arrangements, which may be withdrawn at our option, of $13,530 million and $15,041 million at March 31, 2015 and December 31, 2014, respectively.

(c) Included amounts related to commitments of $9,434 million and $10,509 million at March 31, 2015 and December 31, 2014, respectively, associated with secured financing arrangements that could have increased to a maximum of $11,656 million and $12,353 million at March 31, 2015 and December 31, 2014, respectively, based on asset volume under the arrangement.

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SECURITIES REPURCHASE AND REVERSE REPURCHASE ARRANGEMENTS

Our issuances of securities repurchase agreements are insignificant and are limited to activities at certain of our foreign banks primarily for purposes of liquidity management. At March 31, 2015, we were party to repurchase agreements totaling $45 million, which were reported in short-term borrowings on the financial statements. No repurchase agreements were accounted for as off-book financing and we do not engage in securities lending transactions.

We also enter into reverse securities repurchase agreements, primarily for short-term investment with maturities of 90 days or less. At March 31, 2015, we were party to reverse repurchase agreements totaling $12.1 billion, which were reported in cash and equivalents on the financial statements. Under these reverse securities repurchase agreements, we typically lend available cash at a specified rate of interest and hold U.S. or highly-rated European government securities as collateral during the term of the agreement. Collateral value is in excess of amounts loaned under the agreements.

DERIVATIVES AND HEDGING

As a matter of policy, we use derivatives for risk management purposes and we do not use derivatives for speculative purposes. A key risk management objective for our financial services businesses is to mitigate interest rate and currency risk by seeking to ensure that the characteristics of the debt match the assets they are funding. If the form (fixed versus floating) and currency denomination of the debt we issue do not match the related assets, we typically execute derivatives to adjust the nature and tenor of funding to meet this objective within pre-defined limits. The determination of whether we enter into a derivative transaction or issue debt directly to achieve this objective depends on a number of factors, including market related factors that affect the type of debt we can issue.

The notional amounts of derivative contracts represent the basis upon which interest and other payments are calculated and are reported gross, except for offsetting foreign currency forward contracts that are executed in order to manage our currency risk of net investment in foreign subsidiaries. Of the outstanding notional amount of $227,000 million, approximately 98% or $223,000 million is associated with reducing or eliminating the interest rate, currency or market risk between financial assets and liabilities in our financial services businesses. The instruments used in these activities are designated as hedges when practicable. When we are not able to apply hedge accounting, or when the derivative and the hedged item are both recorded in earnings concurrently, the derivatives are deemed economic hedges and hedge accounting is not applied. This most frequently occurs when we hedge a recognized foreign currency transaction (e.g., a receivable or payable) with a derivative. Since the effects of changes in exchange rates are reflected concurrently in earnings for both the derivative and the transaction, the economic hedge does not require hedge accounting.

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FAIR VALUE OF DERIVATIVES
	March 31, 2015				December 31, 2014
(In millions)	Assets		Liabilities		Assets		Liabilities
Derivatives accounted for as hedges
Interest rate contracts	$	6,106	$	241	$	5,859	$	461
Currency exchange contracts		3,154		1,398		2,435		779
Other contracts		-		-		-		-
		9,260		1,639		8,294		1,240
Derivatives not accounted for as hedges
Interest rate contracts		152		137		186		141
Currency exchange contracts		728		3,667		598		2,910
Other contracts		54		14		26		22
		934		3,818		810		3,073
Gross derivatives recognized in statement of
financial position
Gross derivatives		10,194		5,457		9,104		4,313
Gross accrued interest		947		(31)		1,398		(18)
		11,141		5,426		10,502		4,295
Amounts offset in statement of financial position
Netting adjustments(a)		(4,872)		(4,877)		(3,705)		(3,713)
Cash collateral(b)		(3,312)		(493)		(3,695)		(502)
		(8,184)		(5,370)		(7,400)		(4,215)
Net derivatives recognized in statement of
financial position
Net derivatives		2,957		56		3,102		80
Amounts not offset in statement of
financial position
Securities held as collateral(c)		(2,148)		-		(3,083)		-
Net amount	$	809	$	56	$	19	$	80

Derivatives are classified in the captions "Other assets" and "Other liabilities" and the related accrued interest is classified in "Other receivables" and "Other liabilities" in our financial statements.

(a) The netting of derivative receivables and payables is permitted when a legally enforceable master netting agreement exists. Amounts include fair value adjustments related to our own and counterparty non-performance risk. At March 31, 2015 and December 31, 2014, the cumulative adjustment for non-performance risk was a gain (loss) of $5 million and $8 million, respectively.

(b) Excluded excess cash collateral received and posted of $118 million and $255 million at March 31, 2015, respectively, and $57 million and $211 million at December 31, 2014, respectively.

(c) Excluded excess securities collateral received of $192 million and $305 million at March 31, 2015 and December 31, 2014, respectively.

FAIR VALUE HEDGES

We use interest rate and currency exchange derivatives to hedge the fair value effects of interest rate and currency exchange rate changes on local and non-functional currency denominated fixed-rate debt. For relationships designated as fair value hedges, changes in fair value of the derivatives are recorded in earnings within interest along with offsetting adjustments to the carrying amount of the hedged debt.

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EARNINGS EFFECTS OF FAIR VALUE HEDGING RELATIONSHIPS
	Three months end March 31
		2015				2014
		Gain (loss)		Gain (loss)		Gain (loss)		Gain (loss)
		on hedging		on hedged		on hedging		on hedged
(In millions)		derivatives		items		derivatives		items
Interest rate contracts	$	1,060	$	(1,091)	$	990	$	(1,005)
Currency exchange contracts		(7)		6		2		(3)

Fair value hedges resulted in $(32) million and $(16) million of ineffectiveness in the three months ended March 31, 2015 and 2014, respectively. In both the three months ended March 31, 2015 and 2014, there were insignificant amounts excluded from the assessment of effectiveness.

CASH FLOW HEDGES

We use interest rate, currency exchange and commodity derivatives to reduce the variability of expected future cash flows associated with variable rate borrowings and commercial purchase and sale transactions, including commodities. For derivatives that are designated in a cash flow hedging relationship, the effective portion of the change in fair value of the derivative is reported as a component of AOCI and reclassified into earnings contemporaneously and in the same caption with the earnings effects of the hedged transaction.

					Gain (loss) reclassified
	Gain (loss) recognized in AOCI				from AOCI into earnings
	for the three months ended March 31				for the three months ended March 31
(In millions)	2015		2014		2015		2014
Interest rate contracts	$	(3)	$	3	$	(39)	$	(69)
Currency exchange contracts		(1,038)		183		(953)		134
Total(a)	$	(1,041)	$	186	$	(992)	$	65

(a)Gain (loss) is recorded in revenues from services and interest when reclassified to earnings.

The total pre-tax amount in AOCI related to cash flow hedges of forecasted transactions was a $160 million loss at March 31, 2015. We expect to transfer $222 million to earnings as an expense in the next 12 months contemporaneously with the earnings effects of the related forecasted transactions. In both the three months ended March 31, 2015 and 2014, we recognized insignificant gains and losses related to hedged forecasted transactions and firm commitments that did not occur by the end of the originally specified period. At March 31, 2015 and 2014, the maximum term of derivative instruments that hedge forecasted transactions was 18 years and 19 years, respectively. See Note 8 for additional information about reclassifications out of AOCI.

For cash flow hedges, the amount of ineffectiveness in the hedging relationship and amount of the changes in fair value of the derivatives that are not included in the measurement of ineffectiveness were insignificant for each reporting period.

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NET INVESTMENT HEDGES IN FOREIGN OPERATIONS

We use currency exchange derivatives to protect our net investments in global operations conducted in non-U.S. dollar currencies. For derivatives that are designated as hedges of net investment in a foreign operation, we assess effectiveness based on changes in spot currency exchange rates. Changes in spot rates on the derivative are recorded as a component of AOCI until such time as the foreign entity is substantially liquidated or sold, or upon the loss of a controlling interest in a foreign entity. Additionally, lower of cost or fair value, less cost to sell, assessments of foreign entities classified as held for sale take into account the related AOCI. The change in fair value of the forward points, which reflects the interest rate differential between the two countries on the derivative, is excluded from the effectiveness assessment.

GAINS (LOSSES) RECOGNIZED THROUGH CTA
	Gain (loss) recognized in CTA				Gain (loss) reclassified from CTA
	for the three months ended March 31				for the three months ended March 31
(In millions)	2015		2014		2015		2014
Currency exchange contracts	$	4,989	$	(1,033)	$	785	$	10

Reclassifications from CTA of $974 million and $(3) million were recorded in revenues from services and $(189) million and $13 million in discontinued operations in the three months ended March 31, 2015 and 2014, respectively. The amounts related to the change in the fair value of the forward points that are excluded from the measure of effectiveness were $(44) million and $(142) million in the three months ended March 31, 2015 and 2014, respectively, and were recorded in interest.

FREE STANDING DERIVATIVES

Changes in the fair value of derivatives that are not designated as hedges are recorded in earnings each period. As discussed above, these derivatives are typically entered into as economic hedges of changes in interest rates, currency exchange rates, commodity prices and other risks. Gains or losses related to the derivative are typically recorded in revenues from services, based on our accounting policy. In general, the earnings effects of the item that represent the economic risk exposure are recorded in the same caption as the derivative. Gains (losses) for the three months ended March 31, 2015 on derivatives not designated as hedges were $(2,708) million composed of amounts related to interest rate contracts of $(43) million, currency exchange contracts of $(2,660) million, and other derivatives of $(5) million. These losses were more than offset by the earnings effects from the underlying items that were economically hedged. Gains (losses) for the three months ended March 31, 2014 on derivatives not designated as hedges were $1,078 million composed of amounts related to currency exchange contracts of $1,090 million and other derivatives of $(12) million. These losses were offset by the earnings effects from the underlying items that were economically hedged.

COUNTERPARTY CREDIT RISK

Fair values of our derivatives can change significantly from period to period based on, among other factors, market movements and changes in our positions. We manage counterparty credit risk (the risk that counterparties will default and not make payments to us according to the terms of our agreements) on an individual counterparty basis. Where we have agreed to netting of derivative exposures with a counterparty, we net our exposures with that counterparty and apply the value of collateral posted to us to determine the exposure. We actively monitor these net exposures against defined limits and take appropriate actions in response, including requiring additional collateral.

As discussed above, we have provisions in certain of our master agreements that require counterparties to post collateral (typically, cash or U.S. Treasury securities) when our receivable due from the counterparty, measured at current market value, exceeds a specified limit. The fair value of such collateral was $5,460 million at March 31, 2015, of which $3,312 million was cash and $2,148 million was in the form of securities held by a custodian for our benefit. Under certain of these same agreements, we post collateral to our counterparties for our derivative obligations, the fair value of which was $493 million at March 31, 2015. At March 31, 2015, our exposure to counterparties (including accrued interest), net of collateral we hold, was $798 million. This excludes exposure related to embedded derivatives.

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Additionally, our master agreements typically contain mutual downgrade provisions that provide the ability of each party to require termination if the long-term credit rating of the counterparty were to fall below A-/A3. In certain of these master agreements, each party also has the ability to require termination if the short-term rating of the counterparty were to fall below A-1/P-1. Our master agreements also typically contain provisions that provide termination rights upon the occurrence of certain other events, such as a bankruptcy or events of default by one of the parties. If an agreement was terminated under any of these circumstances, the termination amount payable would be determined on a net basis and could also take into account any collateral posted. The net amount of our derivative liability, after consideration of collateral posted by us and outstanding interest payments was $38 million at March 31, 2015. This excludes embedded derivatives.

NOTE 12. VARIABLE INTEREST ENTITIES

We use variable interest entities primarily to securitize financial assets and arrange other forms of asset-backed financing in the ordinary course of business. Except as noted below, investors in these entities only have recourse to the assets owned by the entity and not to our general credit. We do not have implicit support arrangements with any VIE. We did not provide non-contractual support for previously transferred financing receivables to any VIE in 2015 or 2014.

CONSOLIDATED VARIABLE INTEREST ENTITIES

We consolidate VIEs because we have the power to direct the activities that significantly affect the VIE's economic performance, typically because of our role as either servicer or manager for the VIE. Our consolidated VIEs fall into three main groups, which are further described below:

· Trinity comprises two consolidated entities that hold investment securities, the majority of which are investment grade, and were funded by the issuance of GICs. The GICs include conditions under which certain holders could require immediate repayment of their investment should the long-term credit ratings of GECC fall below AA-/Aa3 or the short-term credit ratings fall below A-1+/P-1. The outstanding GICs are 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, and are reported in investment contracts, insurance liabilities and insurance annuity benefits.

· Consolidated Securitization Entities (CSEs) were created to facilitate securitization of financial assets and other forms of asset-backed financing that serve as an alternative funding source by providing access to variable funding notes and term markets. The securitization transactions executed with these entities are similar to those used by many financial institutions and all are non-recourse. We provide servicing for substantially all of the assets in these entities.

The financing receivables in these entities have similar risks and characteristics to our other financing receivables and were underwritten to the same standard. Accordingly, the performance of these assets has been similar to our other financing receivables; however, the blended performance of the pools of receivables in these entities reflects the eligibility criteria that we apply to determine which receivables are selected for transfer. Contractually the cash flows from these financing receivables must first be used to pay third-party debt holders as well as other expenses of the entity. Excess cash flows are available to GECC. The creditors of these entities have no claim on other assets of GECC.

· Other remaining assets and liabilities of consolidated VIEs relate primarily to three categories of entities: (1) joint ventures that lease equipment with $1,587 million of assets and $679 million of liabilities; (2) other entities that are involved in power generating and leasing activities with $339 million of assets and $207 million of liabilities; and (3) insurance entities that, among other lines of business, provide property and casualty and workers' compensation coverage for GE with $1,193 million of assets and $547 million of liabilities.

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ASSETS AND LIABILITIES OF CONSOLIDATED VIEs
				Consolidated Securitization Entities
				Credit						Trade
(In millions)	Trinity		(a)	cards		(b)	Equipment		(b)	receivables			Other			Total
March 31, 2015
Assets(c)
Financing receivables, net	$	-		$	23,637		$	13,388	(e)	$	2,846	(d)	$	2,842	(e)	$	42,713
Investment securities		2,291			-			-			-			999			3,290
Other assets		115			143			795			1			1,399			2,453
Total	$	2,406		$	23,780		$	14,183		$	2,847		$	5,240		$	48,456
Liabilities(c)
Borrowings	$	-		$	-		$	-		$	-		$	669		$	669
Non-recourse borrowings		-			13,817			10,616			2,677			451			27,561
Other liabilities		1,020			312			453			29			1,390			3,204
Total	$	1,020		$	14,129		$	11,069		$	2,706		$	2,510		$	31,434
December 31, 2014
Assets(c)
Financing receivables, net	$	-		$	25,645		$	12,843		$	3,028	(d)	$	3,064		$	44,580
Investment securities		2,369			-			-			-			1,005			3,374
Other assets		17			1,059			766			2			1,866			3,710
Total	$	2,386		$	26,704		$	13,609		$	3,030		$	5,935		$	51,664
Liabilities(c)
Borrowings	$	-		$	-		$	-		$	-		$	519		$	519
Non-recourse borrowings		-			14,967			10,359			2,692			646			28,664
Other liabilities		1,022			332			593			26			1,187			3,160
Total	$	1,022		$	15,299		$	10,952		$	2,718		$	2,352		$	32,343

(a) Excluded intercompany advances from GECC to Trinity, which were eliminated in consolidation of $1,565 million and $1,565 million at March 31, 2015 and December 31, 2014, respectively.

(b) 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 March 31, 2015 and December 31, 2014, the amounts of commingled cash owed to the CSEs were $2,702 million and $2,809 million, respectively, and the amounts owed to us by CSEs were $2,735 million and $2,913 million, respectively.

(c) Asset amounts exclude intercompany receivables for cash collected on behalf of the entities by GECC 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.

(d) Included $659 million and $686 million of receivables at March 31, 2015 and December 31, 2014, respectively, originated by Appliances. We require third party debt holder consent to sell these assets. The receivables will be included in assets of businesses held for sale when the consent is received.

(e) Included $15.2 billion of financing receivables at March 31, 2015 classified as financing receivables held for sale in connection with the GE Capital Exit Plan.

Revenues from services from our consolidated VIEs were $1,768 million and $1,633 million in the three months ended March 31, 2015 and 2014, respectively. Related expenses consisted primarily of provisions for losses of $229 million and $301 million in the three months ended March 31, 2015 and 2014, respectively, and interest of $89 million and $80 million in the three months ended March 31, 2015 and 2014, respectively. These amounts do not include intercompany revenues and costs, principally fees and interest between GECC and the VIEs, which are eliminated in consolidation.

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INVESTMENTS IN UNCONSOLIDATED VARIABLE INTEREST ENTITIES

Our involvement with unconsolidated VIEs consists of the following activities: assisting in the formation and financing of the entity; providing recourse and/or liquidity support; servicing the assets; and receiving variable fees for services provided. We are not required to consolidate these entities because the nature of our involvement with the activities of the VIEs does not give us power over decisions that significantly affect their economic performance.

Our largest exposure to any single unconsolidated VIE at March 31, 2015 is a $8,377 million investment in asset-backed securities issued by the Senior Secured Loan Program (SSLP), a fund that invests in high-quality senior secured debt of various middle-market companies. SSLP is included within a business held for sale in connection with the GE Capital Exit Plan. Other significant unconsolidated VIEs include exposures to joint ventures that purchase factored receivables ($1,848 million).

The classification of our variable interests in these entities in our financial statements is based on the nature of the entity and the type of investment we hold. Variable interests in partnerships and corporate entities are classified as either equity method or cost method investments. In the ordinary course of business, we also make investments in entities in which we are not the primary beneficiary but may hold a variable interest such as limited partner interests or mezzanine debt investments. These investments are classified in two captions in our financial statements: "Other assets" for investments accounted for under the equity method, and "Financing receivables – net" for debt financing provided to these entities.

INVESTMENTS IN UNCONSOLIDATED VIEs
(In millions)	March 31, 2015		December 31, 2014
Other assets and investment securities	$	634	$	8,631
Financing receivables – net		464		2,090
Total investments		1,098		10,721
Contractual obligations to fund investments or guarantees		1,851		2,191
Revolving lines of credit		108		168
Total	$	3,057	$	13,080
Investment of businesses held for sale (a)		9,371		-
Total	$	12,428	$	13,080

(a) We committed to sell certain businesses in connection with the GE Capital Exit Plan and reclassified amounts to assets of businesses held for sale. The balance at March 31, 2015 primarily relates to our $8,377 million investment in asset-backed securities issued by SSLP which was included in Financing receivables – net and Other assets and investment securities for the period ended December 31, 2014.

In addition to the entities included in the table above, we also hold passive investments in RMBS, CMBS and asset-backed securities issued by VIEs. Such investments were, by design, investment-grade at issuance and held by a diverse group of investors. Further information about such investments is provided in Note 3.

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13. SUPPLEMENTAL INFORMATION ABOUT THE CREDIT QUALITY OF FINANCING RECEIVABLES AND ALLOWANCE FOR LOSSES

As described in Note 4, our CLL and Consumer portfolios have been significantly reduced as most of these portfolios have been reclassified to either financing receivables held for sale or assets of businesses held for sale. In addition our Real Estate business has been classified as a discontinued operation.

CREDIT QUALITY INDICATORS

Detailed information about the credit quality of our Commercial and Consumer financing receivables portfolios is provided below. For each portfolio, we describe the characteristics of the financing receivables and provide information about collateral, payment performance, credit quality indicators and impairment. We manage these portfolios using delinquency and nonaccrual data as key performance indicators. The categories used within this section such as impaired loans, troubled debt restructuring (TDR) and nonaccrual financing receivables are defined by the authoritative guidance and we base our categorization on the related scope and definitions contained in the related standards. The categories of nonaccrual and delinquent are used in our process for managing our financing receivables.

PAST DUE AND NONACCRUAL FINANCING RECEIVABLES
		March 31, 2015									December 31, 2014
		Over 30 days			Over 90 days						Over 30 days			Over 90 days
(In millions)		past due			past due			Nonaccrual			past due			past due			Nonaccrual
Commercial
CLL	$	636		$	137		$	25		$	1,986		$	1,033		$	2,000
Energy Financial Services		10			-			63			-			-			68
GECAS		-			-			255			-			-			419
Total Commercial		646			137			343	(a)		1,986			1,033			2,487	(a)
Consumer		2,209			1,056	(b)		2	(c)		5,137			2,495	(b)		1,484	(c)
Total	$	2,855		$	1,193		$	345		$	7,123		$	3,528		$	3,971
Total as a percent of financing receivables		3.5	%		1.5	%		0.4	%		3.2	%		1.6	%		1.8	%

(a) Included $321 million and $1,549 million at March 31, 2015 and December 31, 2014, respectively, which are currently paying in accordance with their contractual terms.

(b) Included $1,054 million and $1,231 million of Consumer loans at March 31, 2015 and December 31, 2014, respectively, which are over 90 days past due and continue to accrue interest until the accounts are written off in the period that the account becomes 180 days past due.

(c) Included none and $179 million at March 31, 2015 and December 31, 2014, respectively, which are currently paying in accordance with their contractual terms.

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IMPAIRED LOANS AND RELATED RESERVES
	With no specific allowance						With a specific allowance
	Recorded		Unpaid		Average		Recorded		Unpaid					Average
	investment		principal		investment		investment		principal			Associated		investment
(In millions)	in loans		balance		in loans		in loans		balance			allowance(a)		in loans
March 31, 2015
Commercial
CLL	$	8	$	8	$	1,150	$	6	$	6		$	5	$	206
Energy Financial Services		54		55		53		9		9			-		12
GECAS		170		175		250		-		-			-		-
Other		-		-		-		-		-			-		-
Total Commercial(b)		232		238		1,453		15		15			5		218
Consumer(c)		-		-		69		726		625	(d)		244		1,383
Total	$	232	$	238	$	1,522	$	741	$	640		$	249	$	1,601
December 31, 2014
Commercial
CLL	$	2,292	$	4,397	$	2,725	$	406	$	1,125		$	133	$	717
Energy Financial Services		53		54		26		15		15			12		24
GECAS		329		337		88		-		-			-		15
Other		-		-		-		-		-			-		1
Total Commercial(b)		2,674		4,788		2,839		421		1,140			145		757
Consumer(c)		138		179		120		2,042		2,092			408		2,547
Total	$	2,812	$	4,967	$	2,959	$	2,463	$	3,232		$	553	$	3,304

(a) Write-offs to net realizable value are recognized against the allowance for losses primarily in the reporting period in which management has deemed all or a portion of the financing receivable to be uncollectible, but not later than 360 days after initial recognition of a specific reserve for a collateral dependent loan.

(b) We recognized $6 million, $178 million and $57 million of interest income, including none on a cash basis, in the three months ended March 31, 2015, the year ended December 31, 2014 and the three months ended March 31, 2014, respectively, principally in CLL. The total average investment in impaired loans for the three months ended March 31, 2015 and the year ended December 31, 2014 was $1,671 million and $3,596 million, respectively.

(c) We recognized $23 million, $126 million and $46 million of interest income, including $1 million, $5 million and an insignificant amount on a cash basis, in the three months ended March 31, 2015, the year ended December 31, 2014 and the three months ended March 31, 2014, respectively. The total average investment in impaired loans for the three months ended March 31, 2015 and the year ended December 31, 2014 was $1,452 million and $2,667 million, respectively.

(d) Unpaid principal balance excludes accrued interest and fees.

(In millions)	Non-impaired financing receivables		General reserves		Impaired loans		Specific reserves
March 31, 2015
Commercial	$	22,918	$	89	$	247	$	5
Consumer		57,522		3,011		726		244
Total	$	80,440	$	3,100	$	973	$	249
December 31, 2014
Commercial	$	118,381	$	758	$	3,095	$	145
Consumer		98,640		3,603		2,180		408
Total	$	217,021	$	4,361	$	5,275	$	553

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IMPAIRED LOAN BALANCE CLASSIFIED BY THE METHOD USED TO MEASURE IMPAIRMENT
(In millions)	March 31, 2015		December 31, 2014
Discounted cash flow	$	834	$	3,915
Collateral value		139		1,360
Total	$	973	$	5,275

Our loss mitigation strategy is intended to minimize economic loss and, at times, can result in rate reductions, principal forgiveness, extensions, forbearance or other actions, which may cause the related loan to be classified as a troubled debt restructuring (TDR), and also as impaired. The determination of whether these changes to the terms and conditions of our commercial loans meet the TDR criteria includes our consideration of all relevant facts and circumstances. At March 31, 2015, TDRs included in impaired loans were $810 million, primarily relating to Consumer ($726 million) and GECAS ($82 million).

Impaired loans classified as TDRs in our CLL business were $2 million and $1,869 million at March 31, 2015 and December 31, 2014, respectively. For the three months ended March 31, 2015, we modified $2 million of loans classified as TDRs. Changes to these loans primarily included extensions, interest only payment periods, debt to equity exchange and forbearance or other actions, which are in addition to, or sometimes in lieu of, fees and rate increases. Of our $633 million and $1,391 million of modifications classified as TDRs in the twelve months ended March 31, 2015 and 2014, respectively, none and $19 million have subsequently experienced a payment default in the three months ended March 31, 2015 and 2014, respectively.

Impaired loans in our Consumer business represent restructured smaller balance homogeneous loans meeting the definition of a TDR, and are therefore subject to the disclosure requirement for impaired loans. The recorded investment of these impaired loans totaled $726 million (with an unpaid principal balance of $625 million) with a specific allowance of $244 million at March 31, 2015.

Impaired loans classified as TDRs in our Consumer business were $726 million and $2,132 million at March 31, 2015 and December 31, 2014, respectively. We utilize certain loan modification programs for borrowers experiencing financial difficulties in our Consumer loan portfolio. These loan modification programs primarily include interest rate reductions and payment deferrals in excess of three months, which were not part of the terms of the original contract. For the three months ended March 31, 2015, we modified $120 million of U.S. consumer loans, primarily credit cards for borrowers experiencing financial difficulties, which are classified as TDRs. We expect borrowers whose loans have been modified under these programs to continue to be able to meet their contractual obligations upon the conclusion of the modification. Of our $869 million and $1,339 million of modifications classified as TDRs in the twelve months ended March 31, 2015 and 2014, respectively, $23 million and $57 million have subsequently experienced a payment default in the three months ended March 31, 2015 and 2014, respectively.

63 2015 1Q FORM 10-Q

SUPPLEMENTAL CREDIT QUALITY INFORMATION

COMMERCIAL

Substantially all of our Commercial financing receivables portfolio is secured lending and we assess the overall quality of the portfolio based on the potential risk of loss measure. The metric incorporates both the borrower's credit quality along with any related collateral protection.

Our internal risk ratings process is an important source of information in determining our allowance for losses and represents a comprehensive approach to evaluate risk in our financing receivables portfolios. In deriving our internal risk ratings, we stratify our Commercial portfolios into 21 categories of default risk and/or six categories of loss given default to group into three categories: A, B and C. Our process starts by developing an internal risk rating for our borrowers, which is based upon our proprietary models using data derived from borrower financial statements, agency ratings, payment history information, equity prices and other commercial borrower characteristics. We then evaluate the potential risk of loss for the specific lending transaction in the event of borrower default, which takes into account such factors as applicable collateral value, historical loss and recovery rates for similar transactions, and our collection capabilities. Our internal risk ratings process and the models we use are subject to regular monitoring and internal controls. The frequency of rating updates is set by our credit risk policy, which requires annual Risk Committee approval.

As described above, financing receivables are assigned one of 21 risk ratings based on our process and then these are grouped by similar characteristics into three categories in the table below. Category A is characterized by either high-credit-quality borrowers or transactions with significant collateral coverage that substantially reduces or eliminates the risk of loss in the event of borrower default. Category B is characterized by borrowers with weaker credit quality than those in Category A, or transactions with moderately strong collateral coverage that minimizes but may not fully mitigate the risk of loss in the event of default. Category C is characterized by borrowers with higher levels of default risk relative to our overall portfolio or transactions where collateral coverage may not fully mitigate a loss in the event of default.

COMMERCIAL FINANCING RECEIVABLES BY RISK CATEGORY
	Secured
(In millions)	A		B		C		Total
March 31, 2015
CLL	$	12,131	$	28	$	42	$	12,201
Energy Financial Services		2,378		171		-		2,549
GECAS		7,488		229		100		7,817
Other		127		-		-		127
Total	$	22,124	$	428	$	142	$	22,694
December 31, 2014
CLL	$	105,230	$	2,023	$	2,334	$	109,587
Energy Financial Services		2,479		60		16		2,555
GECAS		7,908		237		118		8,263
Other		130		-		-		130
Total	$	115,747	$	2,320	$	2,468	$	120,535

For our secured financing receivables portfolio, our collateral position and ability to work out problem accounts mitigate our losses. Our asset managers have deep industry expertise that enables us to identify the optimum approach to default situations. We price risk premiums for weaker credits at origination, closely monitor changes in creditworthiness through our risk ratings and watch list process, and are engaged early with deteriorating credits to minimize economic loss. Secured financing receivables within risk Category C are primarily composed of senior term lending facilities and factoring programs secured by various asset types including inventory, accounts receivable, cash, equipment, aircraft and related business facilities as well as franchise finance activities secured by underlying equipment.

Loans within Category C are reviewed and monitored regularly, and classified as impaired when it is probable that they will not pay in accordance with contractual terms. Our internal risk rating process identifies credits warranting closer monitoring; and as such, these loans are not necessarily classified as nonaccrual or impaired.

64 2015 1Q FORM 10-Q

At March 31, 2015 and December 31, 2014, our unsecured commercial financing receivables included $181 million and $332 million rated A, $290 million and $408 million rated B, and none and $201 million rated C, respectively.

CONSUMER

At March 31, 2015, our U.S. consumer financing receivables included private-label credit card and sales financing for approximately 60 million customers across the U.S. with no metropolitan area accounting for more than 6% of the portfolio. Of the total U.S. consumer financing receivables, approximately 66% relate to credit card loans that are often subject to profit and loss sharing arrangements with the retailer (which are recorded in revenues), and the remaining 34% are sales finance receivables that provide financing to customers in areas such as electronics, recreation, medical and home improvement.

Our Consumer financing receivables portfolio comprises both secured and unsecured lending. Secured financing receivables are largely comprised of consumer installment loans secured by equipment. Unsecured financing receivables include private-label credit card financing. A substantial majority of these cards are not for general use and are limited to the products and services sold by the retailer. The private-label portfolio is diverse with no metropolitan area accounting for more than 5% of the related portfolio.

We assess overall credit quality of our U.S. installment and revolving credit portfolio using information from credit bureaus such as Fair Isaac Corporation (FICO) scores. FICO scores are generally obtained at origination of the account and are refreshed at a minimum quarterly, but could be as often as weekly, to assist in predicting customer behavior. We categorize these credit scores into the following three categories; (a) 661 or higher, which are considered the strongest credits; (b) 601 to 660, which are considered moderate credit risk; and (c) 600 or less, which are considered weaker credits.

	Refreshed FICO score
	March 31, 2015						December 31, 2014
	661 or		601 to		600 or		661 or		601 to		600 or
(in millions)	higher		660		less		higher		660		less
U.S. installment and
revolving credit	$	40,761	$	11,681	$	4,486	$	43,466	$	11,865	$	4,532

U.S. installment and revolving credit accounts with FICO scores of 600 or less have an average outstanding balance less than one thousand U.S. dollars and are primarily concentrated in our retail card and sales financing portfolios, which minimizes the potential for loss in the event of default. For lower credit scores, we adequately price for the incremental risk at origination and monitor credit migration through our risk ratings process. We continuously adjust our credit line underwriting management and collection strategies based on customer behavior and risk profile changes.

For our Consumer - Other portfolio, we develop our internal risk ratings for this portfolio in a manner consistent with the process used to develop our Commercial credit quality indicators, described above. We use the borrower's credit quality and underlying collateral strength to determine the potential risk of loss from these activities.

At March 31, 2015, Consumer – Other financing receivables of $1,038 million, $114 million and $168 million were rated A, B and C, respectively. At December 31, 2014, Consumer – Other financing receivables of $5,006 million, $276 million and $382 million were rated A, B and C, respectively.

65 2015 1Q FORM 10-Q

EXHIBITS

Exhibit 12	Computation of Ratio of Earnings to Fixed Charges and Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends.
Exhibit 31(a)	Certification Pursuant to Rules 13a-14(a) or 15d-14(a) under the Securities Exchange Act of 1934, as Amended.
Exhibit 31(b)	Certification Pursuant to Rules 13a-14(a) or 15d-14(a) under the Securities Exchange Act of 1934, as Amended.
Exhibit 32	Certification Pursuant to 18 U.S.C. Section 1350.
Exhibit 99	Financial Measures That Supplement Generally Accepted Accounting Principles.
Exhibit 101	The following materials from General Electric Capital Corporation's Quarterly Report on Form 10-Q for the quarter ended March 31, 2015, formatted in XBRL (eXtensible Business Reporting Language); (i) Statement of Earnings (Loss) for the three months ended March 31, 2015 and 2014, (ii) Statement of Comprehensive Income (Loss) for the three months ended March 31, 2015 and 20143, (iii) Statement of Changes in Shareowners' Equity for the three months ended March 31, 2015 and 2014, (iv) Statement of Financial Position at March 31, 2015 and December 31, 2014, (v) Statement of Cash Flows for the three months ended March 31, 2015 and 2014, and (vi) Notes to Consolidated Financial Statements.

66 2015 1Q FORM 10-Q

FORM 10-Q CROSS REFERENCE INDEX

Item Number		Page(s)
Part I – FINANCIAL INFORMATION
Item 1.	Financial Statements	24-65
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations	4-20,21
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	Not Applicable(a)
Item 4.	Controls and Procedures	21
Part II – OTHER INFORMATION
Item 1.	Legal Proceedings	22-23
Item 1A.	Risk Factors	Not applicable(b)
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	Not applicable
Item 3.	Defaults Upon Senior Securities	Not applicable
Item 4.	Mine Safety Disclosures	Not applicable
Item 5.	Other Information	Not applicable
Item 6.	Exhibits	66
Signatures		68

(a) There have been no significant changes to our market risk since December 31, 2014. For a discussion of our exposure to market risk, refer to our Annual Report on Form 10-K for the year ended December 31, 2014.

(b) There have been no significant changes to our risk factors since December 31, 2014. For a discussion of our risk factors, refer to our Annual Report on Form 10-K for the year ended December 31, 2014.

67 2015 1Q FORM 10-Q

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

General Electric Capital Corporation (Registrant)
May 4, 2015	/s/ Walter Ielusic
Date	Walter Ielusic Senior Vice President and Controller Duly Authorized Officer and Principal Accounting Officer

68 2015 1Q FORM 10-Q

EX-12

Exhibit 12
General Electric Capital Corporation and consolidated affiliates
Computation of Ratio of Earnings to Fixed Charges and
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
Three months ended March 31, 2015
(Unaudited)
(Dollars in millions)
Loss(a)	$	(6,434)
Plus:
Interest  included in expense(b)		1,888
One-third of rental expense(c)		30
Adjusted "losses"	$	(4,516)
Fixed charges:
Interest included in expense(b)	$	1,888
Interest capitalized		5
One-third of rental expense(c)		30
Total fixed charges	$	1,923
Ratio of earnings to fixed charges(d)		-
Preferred stock dividend requirements	$	-
Ratio of earnings before provision for income taxes to earnings from continuing operations(d)		-
Preferred stock dividend factor on pre-tax basis	$	-
Fixed charges		1,923
Total fixed charges and preferred stock dividend requirements	$	1,923
Ratio of earnings to combined fixed charges and preferred stock dividends(d)		-

(a) Loss before income taxes, noncontrolling interests, discontinued operations and undistributed earnings of equity investees.

(b) Included interest on tax deficiencies and interest on discontinued operations.

(c) Considered to be representative of interest factor in rental expense.

(d) For the three months ended March 31, 2015, in connection with the GE Capital Exit Plan, we incurred loss from operations, and as a result, our earnings were insufficient to cover our fixed charges by $6,439 million.

EX-31.A

Exhibit 31(a)

Certification Pursuant to

Rules 13a-14(a) or 15d-14(a) under the Securities Exchange Act of 1934, as Amended

I, Keith S. Sherin, certify that:
1.	I have reviewed this quarterly report on Form 10-Q of General Electric Capital Corporation;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
	a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c)	Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
	d)	Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5.	The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
	a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
	b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: May 4, 2015

/s/ Keith S. Sherin

Keith S. Sherin

Chief Executive Officer

EX-31.B

Exhibit 31(b)

Certification Pursuant to Rules 13a-14(a) or 15d-14(a) under the Securities Exchange Act of 1934, as Amended

I, Robert C. Green, certify that:
1.	I have reviewed this quarterly report on Form 10-Q of General Electric Capital Corporation;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
	a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c)	Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
	d)	Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5.	The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
	a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
	b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: May 4, 2015

/s/ Robert C. Green

Robert C. Green

Chief Financial Officer

EX-32

Exhibit 32

Certification Pursuant to 18 U.S.C. Section 1350

In connection with the Quarterly Report of General Electric Capital Corporation (the "registrant") on Form 10-Q for the period ended March 31, 2015, as filed with the Securities and Exchange Commission on the date hereof (the "report"), we, Keith S. Sherin and Robert C. Green, Chief Executive Officer and Chief Financial Officer, respectively, of the registrant, certify, pursuant to 18 U.S.C. § 1350, that to our knowledge: 

(1)	The report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and
(2)	The information contained in the report fairly presents, in all material respects, the financial condition and results of operations of the registrant.

Date: May 4, 2015

/s/ Keith S. Sherin

Keith S. Sherin Chief Executive Officer

/s/ Robert C. Green

Robert C. Green Chief Financial Officer

EX-99

EXHIBIT 99

GENERAL ELECTRIC CAPITAL CORPORATION AND CONSOLIDATED AFFILIATES

FINANCIAL MEASURES THAT SUPPLEMENT U.S. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES MEASURES (NON-GAAP FINANCIAL MEASURES)

We sometimes use information derived from consolidated financial information but not presented in our financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP). Certain of these data are considered "non-GAAP financial measures" under U.S. Securities and Exchange Commission rules. Specifically, we have referred to GE Capital ending net investment (ENI), excluding liquidity

The reasons we use these non-GAAP financial measures and the reconciliations to their most directly comparable GAAP financial measures follow.

GE CAPITAL ENDING NET INVESTMENT (ENI), EXCLUDING LIQUIDITY
(In billions)	March 31, 2015
GECC total assets	$	476.5
Less assets of discontinued operations		31.3
Less non-interest bearing liabilities		66.0
GE Capital ENI		379.2
Less liquidity(a)		76.4
GE Capital ENI, excluding liquidity	$	302.8

(a) Liquidity includes debt obligations of the U.S. Treasury of $2.8 billion at March 31, 2015.

GE uses ENI to measure the size of its GE Capital segment. GE believes that this measure is a useful indicator of the capital (debt or equity) required to fund a business as it adjusts for non-interest bearing current liabilities generated in the normal course of business that do not require a capital outlay. GE also believes that by excluding liquidity, it provides a meaningful measure of assets requiring capital to fund its GE Capital segment as a substantial amount of liquidity resulted from debt issuances to pre-fund future debt maturities and will not be used to fund additional assets. Liquidity consists of cash and equivalents and certain debt obligations of the U.S. Treasury. As a general matter, investments included in liquidity are expected to be highly liquid, giving us the ability to readily convert them to cash. Providing this measure will help investors measure how we are performing against our previously communicated goal to reduce the size of our financial services segment.

XML

Businesses Held for Sale, Financing Receivables Held for Sale and Discontinued Operations (Financing Receivables Held for Sale) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Balance sheet [line items]
Receivables Held for Sale	$ 92,959		$ 1,830
Provision for Loan and Lease Losses	4,859	984
Held for sale [Member] | Restructuring charges
Balance sheet [line items]
Provision for losses net of tax	3,955
Provision for losses before tax	3,341
Nonaccrual loans	5,072
CLL
Balance sheet [line items]
Receivables Held for Sale	65,974		1,409
Energy Financial Services [Member]
Balance sheet [line items]
Receivables Held for Sale	0		35
GE Capital Aviation Services (GECAS)
Balance sheet [line items]
Receivables Held for Sale	259		27
Commercial
Balance sheet [line items]
Receivables Held for Sale	66,233		1,471
Commercial | Held for sale [Member]
Balance sheet [line items]
Over 30 days past due	993
Nonaccrual loans	1,401
Consumer
Balance sheet [line items]
Receivables Held for Sale	26,726		359
Consumer | Held for sale [Member]
Balance sheet [line items]
Over 30 days past due	1,757
Nonaccrual loans	$ 1,109

XML

Goodwill and Other Intangible Assets (Changes in Goodwill Balances) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015
Goodwill [Roll Forward]
Goodwill, Beginning Balance	$ 24,489
Acquisitions	752
Dispositions, currency exchange and other	(5,602)
Goodwill, period increase (decrease)	4,850
Goodwill, Ending Balance	19,639
Total CLL [Member]
Goodwill [Roll Forward]
Goodwill, Beginning Balance	13,058
Acquisitions	0
Dispositions, currency exchange and other	(4,928)
Goodwill, Ending Balance	8,130
Consumer [Member]
Goodwill [Roll Forward]
Goodwill, Beginning Balance	9,777
Acquisitions	0
Dispositions, currency exchange and other	(673)
Goodwill, Ending Balance	9,104
Energy Financial Services [Member]
Goodwill [Roll Forward]
Goodwill, Beginning Balance	1,507
Acquisitions	0
Dispositions, currency exchange and other	0
Goodwill, Ending Balance	1,507
GECAS [Member]
Goodwill [Roll Forward]
Goodwill, Beginning Balance	147
Acquisitions	752
Dispositions, currency exchange and other	(1)
Goodwill, Ending Balance	$ 898

XML

Investment Securities (Gross Realized Gain Losses) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Investments, Debt and Equity Securities [Abstract]
Gains	$ 97	$ 13
Losses, including impairments	(14)	(7)
Total	83	6
Available-for-sale Securities, Gross Realized Gains (Losses), Sale Proceeds	3,561	1,327
Net pre-tax gains (loss) on trading securities	(2)	(5)
Trinity [Member]
Investments, Debt and Equity Securities [Abstract]
Available-for-sale Securities, Gross Realized Gains (Losses), Sale Proceeds	$ 1,627

XML

Financial Instruments (Details) (USD $) In Millions, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Financial Instruments [Line Items]
Effect of including interest rate and currency derivatives on borrowings and bank deposits	$ 4,514	$ 5,020
Reinsurance Recoverables		964
Loan Commitments By Notional Amount [Line Items]
Ordinary course of business lending commitments	2,935	3,239
Excluded investment commitments	742	835
Inventory financing arrangements excluded	13,530	15,041
Commercial [Member]
Loan Commitments By Notional Amount [Line Items]
Unused revolving credit lines	12,987	14,681
Commitments Associated with Secured Financing Arrangements	9,434	10,509
Maximum Commitments Associated with Secured Financing Arrangements	11,656	12,353
Consumer Principally Credit Cards [Member]
Loan Commitments By Notional Amount [Line Items]
Unused revolving credit lines	309,688	306,188
Loan Commitments By Notional Amount [Member]
Financial Instruments [Line Items]
Notional Amount Of Life Insurance Benefit Net	0	1,843
Carrying amount (net) [Member]
Financial Instruments [Line Items]
Loans	72,748	193,214
Other commercial mortgages	1,430	1,427
Loans held for sale	76,679	1,830
Other financial instruments	239	566
Borrowings and bank deposits	(335,941)	(349,041)
Investment contract benefits	(2,923)	(2,970)
Guaranteed investment contracts	(1,000)	(1,000)
Liability for Future Policy Benefits, Life	0	(90)
Estimate of Fair Value Measurement [Member]
Financial Instruments [Line Items]
Loans	78,974	197,833
Other commercial mortgages	1,569	1,508
Loans held for sale	76,797	1,855
Other financial instruments	315	786
Borrowings and bank deposits	(351,046)	(365,724)
Investment contract benefits	(3,553)	(3,565)
Guaranteed investment contracts	(1,049)	(1,031)
Liability for Future Policy Benefits, Life	$ 0	$ (77)

XML

Goodwill and Other Intangible Assets (Intangible Assets Subject to Amortization) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 4,558		$ 4,715
Accumulated amortization	(3,442)		(3,648)
Net	1,116		1,067
Intangible Assets, Net (Excluding Goodwill)			1,067
Increase (Decrease) in Intangible Assets, Current	157
Amortization expense	153	83
Adjustment To Present Value Of Future Profits In Run Off Insurance Operation	287		293
Computer Software, Intangible Asset [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	1,674		2,108
Accumulated amortization	1,397		1,609
Net	277		499
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	1,277		1,345
Accumulated amortization	752		844
Net	525		501
Leases, Acquired-in-Place [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	251		140
Accumulated amortization	(124)		(124)
Net	127		16
Present Value Of Future Profits [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	623		614
Accumulated amortization	623		614
Net	0		0
Patents And Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	85		87
Accumulated amortization	(82)		(83)
Net	3		4
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	39		30
Accumulated amortization	6		20
Net	33		10
All Other [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	609		391
Accumulated amortization	(458)		(354)
Net	$ 151		$ 37

XML

Variable Interest Entities (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Dec. 31, 2012
Variable Interest Entity [Line Items]
Financing Receivable, Net	$ 78,064		$ 217,382
Investment securities in GE	41,853		47,478
Other Assets	25,019		29,038
Other Liabilities	14,292		16,315
Total revenues of consolidated VIEs	5,982	9,885
Provision for Loan and Lease Losses	4,859	984
Interest Expense	1,651	1,887
Held for sale [Member]
Variable Interest Entity [Line Items]
Financing Receivable, Net	15,200
Investment securities in GE	7,720		448
Appliances [Member] | Held for sale [Member]
Variable Interest Entity [Line Items]
Financing Receivable, Net	659		686
Consolidated VIE
Variable Interest Entity [Line Items]
Financing Receivable, Net	42,713		44,580
Investment securities in GE	3,290		3,374
Other Assets	2,453		3,710
Assets VIE	48,456		51,664
Borrowings	669		519
Non Recourse Borrowings	27,561		28,664
Other Liabilities	3,204		3,160
Liabilities VIE	31,434		32,343
Trinity [Member]
Variable Interest Entity [Line Items]
Financing Receivable, Net	0		0
Investment securities in GE	2,291		2,369
Other Assets	115		17
Assets VIE	2,406		2,386
Borrowings	0		0
Non Recourse Borrowings	0		0
Other Liabilities	1,020		1,022
Liabilities VIE	1,020		1,022
Commingled cash amounts owed to CSEs	2,702		2,809
Commingled cash receivable from CSEs	2,735		2,913
Consolidated Securitization Entities [Member]
Variable Interest Entity [Line Items]
Total revenues of consolidated VIEs	1,768		1,633	0
Provision for Loan and Lease Losses	229		301	0
Interest And Other Financial Charges	89		80
Interest Expense				0
Intercompany Advances Eliminated In Consolidation	1,565		1,565
Credit Card Receivable [Member]
Variable Interest Entity [Line Items]
Financing Receivable, Net	23,637		25,645
Investment securities in GE	0		0
Other Assets	143		1,059
Assets VIE	23,780		26,704
Borrowings	0		0
Non Recourse Borrowings	13,817		14,967
Other Liabilities	312		332
Liabilities VIE	14,129		15,299
Equipment [Member]
Variable Interest Entity [Line Items]
Financing Receivable, Net	13,388		12,843
Investment securities in GE	0		0
Other Assets	795		766
Assets VIE	14,183		13,609
Borrowings	0		0
Non Recourse Borrowings	10,616		10,359
Other Liabilities	453		593
Liabilities VIE	11,069		10,952
Trade Accounts Receivable [Member]
Variable Interest Entity [Line Items]
Financing Receivable, Net	2,846		3,028
Investment securities in GE	0		0
Other Assets	1		2
Assets VIE	2,847		3,030
Borrowings	0		0
Non Recourse Borrowings	2,677		2,692
Other Liabilities	29		26
Liabilities VIE	2,706		2,718
Other 1 [Member]
Variable Interest Entity [Line Items]
Financing Receivable, Net	2,842		3,064
Investment securities in GE	999		1,005
Other Assets	1,399		1,866
Assets VIE	5,240		5,935
Borrowings	669		519
Non Recourse Borrowings	451		646
Other Liabilities	1,390		1,187
Liabilities VIE	2,510		2,352
JV that lease equipment [Member]
Variable Interest Entity [Line Items]
Assets VIE	1,587
Liabilities VIE	679
Entities involved in power generation and leasing [Member]
Variable Interest Entity [Line Items]
Assets VIE	339
Liabilities VIE	207
Insurance activities [Member]
Variable Interest Entity [Line Items]
Assets VIE	1,193
Liabilities VIE	$ 547

XML

Investment Securities (Impairments) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Pre-tax, Other-Than-Temporary Impairments on Investment Securities
Total pre tax, OTTI recognized	$ 3	$ 10
Less other-than-temporary impairment recognized in accumulated other comprehensive income	0	4
Net other-than-temporary impairment on investment securities recognized in earnings	3	6
Other Than Temporary Impairment Related To Equity Securities	0	1
Changes in Cumulative Credit Loss Impairments Recognized on Debt Securities
Cumulative credit loss impairments recognized, beginning of period	557	853
Credit loss impairments recognized on securities not previously impaired	0	0
Incremental credit loss impairments recognized on securities previously impaired	0	1
Less: credit loss impairments previously recognized on securities sold during the period	4	51
Cumulative credit loss impairments recognized, end of period	$ 553	$ 803

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Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2015

Financial Instruments [Abstract]

Estimated fair value of assets and liabilities

	March 31, 2015						December 31, 2014
			Assets (liabilities)						Assets (liabilities)
	Notional		Carrying		Estimated		Notional		Carrying		Estimated
(In millions)	amount		amount (net)		fair value		amount		amount (net)		fair value
Assets
Loans	$	(a)	$	72,748	$	78,974	$	(a)	$	193,214	$	197,833
Other commercial mortgages		(a)		1,430		1,569		(a)		1,427		1,508
Loans held for sale		(a)		76,679		76,797		(a)		1,830		1,855
Other financial instruments(b)		(a)		239		315		(a)		566		786
Liabilities
Borrowings and bank deposits(c)(d)		(a)		(335,941)		(351,046)		(a)		(349,041)		(365,724)
Investment contract benefits		(a)		(2,923)		(3,553)		(a)		(2,970)		(3,565)
Guaranteed investment contracts		(a)		(1,000)		(1,049)		(a)		(1,000)		(1,031)
Insurance - credit life(e)		-		-		-		1,843		(90)		(77)

(a) These financial instruments do not have notional amounts.

(b) Principally comprises cost method investments.

(c) See Note 6.

(d)Fair values exclude interest rate and currency derivatives designated as hedges of borrowings. Had they been included, the fair value of borrowings at March 31, 2015 and December 31, 2014 would have been reduced by $4,514 million and $5,020 million, respectively.

(e) Net of reinsurance of none and $964 million at March 31, 2015 and December 31, 2014, respectively.

Loan commitments

NOTIONAL AMOUNTS OF LOAN COMMITMENTS
(In millions)	March 31, 2015		December 31, 2014
Ordinary course of business lending commitments(a)	$	2,935	$	3,239
Unused revolving credit lines(b)
Commercial(c)		12,987		14,681
Consumer – principally credit cards		309,688		306,188

(a)Excluded investment commitments of $742 million and $835 million at March 31, 2015 and December 31, 2014, respectively.

(b)Excluded amounts related to inventory financing arrangements, which may be withdrawn at our option, of $13,530 million and $15,041 million at March 31, 2015 and December 31, 2014, respectively.

(c)Included amounts related to commitments of $9,434 million and $10,509 million at March 31, 2015 and December 31, 2014, respectively, associated with secured financing arrangements that could have increased to a maximum of $11,656 million and $12,353 million at March 31, 2015 and December 31, 2014, respectively, based on asset volume under the arrangement.

Fair value of derivatives by contract type

FAIR VALUE OF DERIVATIVES
	March 31, 2015				December 31, 2014
(In millions)	Assets		Liabilities		Assets		Liabilities
Derivatives accounted for as hedges
Interest rate contracts	$	6,106	$	241	$	5,859	$	461
Currency exchange contracts		3,154		1,398		2,435		779
Other contracts		-		-		-		-
		9,260		1,639		8,294		1,240
Derivatives not accounted for as hedges
Interest rate contracts		152		137		186		141
Currency exchange contracts		728		3,667		598		2,910
Other contracts		54		14		26		22
		934		3,818		810		3,073
Gross derivatives recognized in statement of
financial position
Gross derivatives		10,194		5,457		9,104		4,313
Gross accrued interest		947		(31)		1,398		(18)
		11,141		5,426		10,502		4,295
Amounts offset in statement of financial position
Netting adjustments(a)		(4,872)		(4,877)		(3,705)		(3,713)
Cash collateral(b)		(3,312)		(493)		(3,695)		(502)
		(8,184)		(5,370)		(7,400)		(4,215)
Net derivatives recognized in statement of
financial position
Net derivatives		2,957		56		3,102		80
Amounts not offset in statement of
financial position
Securities held as collateral(c)		(2,148)		-		(3,083)		-
Net amount	$	809	$	56	$	19	$	80

Derivatives are classified in the captions “Other assets” and “Other liabilities” and the related accrued interest is classified in “Other receivables” and “Other liabilities” in our financial statements.

• The netting of derivative receivables and payables is permitted when a legally enforceable master netting agreement exists. Amounts include fair value adjustments related to our own and counterparty non-performance risk. At March 31, 2015 and December 31, 2014, the cumulative adjustment for non-performance risk was a gain (loss) of $5 million and $8 million, respectively.
• Excluded excess cash collateral received and posted of $118 million and $255 million at March 31, 2015, respectively, and $57 million and $211 million at December 31, 2014, respectively.
• Excluded excess securities collateral received of $192 million and $305million at March 31, 2015 and December 31, 2014, respectively.

Fair value hedges

EARNINGS EFFECTS OF FAIR VALUE HEDGING RELATIONSHIPS
	Three months end March 31
		2015				2014
		Gain (loss)		Gain (loss)		Gain (loss)		Gain (loss)
		on hedging		on hedged		on hedging		on hedged
(In millions)		derivatives		items		derivatives		items
Interest rate contracts	$	1,060	$	(1,091)	$	990	$	(1,005)
Currency exchange contracts		(7)		6		2		(3)

Cash flow hedges

					Gain (loss) reclassified
	Gain (loss) recognized in AOCI				from AOCI into earnings
	for the three months ended March 31				for the three months ended March 31
(In millions)	2015		2014		2015		2014
Interest rate contracts	$	(3)	$	3	$	(39)	$	(69)
Currency exchange contracts		(1,038)		183		(953)		134
Total(a)	$	(1,041)	$	186	$	(992)	$	65

(a)Gain (loss) is recorded in revenues from services and interest when reclassified to earnings.

Net investment hedges

GAINS (LOSSES) RECOGNIZED THROUGH CTA
	Gain (loss) recognized in CTA				Gain (loss) reclassified from CTA
	for the three months ended March 31				for the three months ended March 31
(In millions)	2015		2014		2015		2014
Currency exchange contracts	$	4,989	$	(1,033)	$	785	$	10

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Variable Interest Entities (Unconsolidated Variable Interest Entities) (Details) (USD $) In Millions, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Variable Interest Entity [Line Items]
Financing Receivable, Net	$ 78,064	$ 217,382
Total	8,377
Held for sale [Member]
Variable Interest Entity [Line Items]
Other assets and investment securities	9,371	0
Financing Receivable, Net	15,200
Total	12,428	13,080
Investment in Unconsolidated VIEs [Member]
Variable Interest Entity [Line Items]
Other assets and investment securities	634	8,631
Financing Receivable, Net	464	2,090
Total investment	1,098	10,721
Contractual obligations to fund new investments or guarantees	1,851	2,191
Revolving lines of credit	108	168
Total	3,057	13,080
JV that purchased factored receivables [Member]
Variable Interest Entity [Line Items]
Total	$ 1,848

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Financial Instruments (Fair value hedges) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Fair value hedges
Hedge ineffectiveness gain (loss)	$ (32)	$ (16)
Interest Rate Contract [Member]
Fair value hedges
Gain (loss) on derivatives	(43)	0
Interest Rate Contract [Member] | Fair Value Hedges [Member]
Fair value hedges
Gain (loss) on derivatives	1,060	990
Gain (loss) on hedged items	(1,091)	(1,005)
Foreign Exchange Contract [Member]
Fair value hedges
Gain (loss) on derivatives	(2,660)	1,090
Foreign Exchange Contract [Member] | Fair Value Hedges [Member]
Fair value hedges
Gain (loss) on derivatives	(7)	2
Gain (loss) on hedged items	$ 6	$ (3)

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Borrowings and Bank Deposits (Footnote) (Details) (USD $) In Millions, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Borrowings And Bank Deposits [Line Items]
Long-term borrowings (Note 6)	$ 178,037	$ 187,749
Bank deposits (Note 6)	62,691	62,839
Short-term borrowings (Note 6)	66,178	68,515
Non Recourse Borrowings Of Consolidated Securitization Entities	29,035	29,938
Guaranteed investment contracts [Member]
Borrowings And Bank Deposits [Line Items]
Long-term debt, current maturities	434	439
Subordinated Notes Guaranteed By GE [Member]
Borrowings And Bank Deposits [Line Items]
Long-term borrowings (Note 6)	300	300
Long-term Debt [Member] | Subsidiary Issuer [Member]
Borrowings And Bank Deposits [Line Items]
Unsecured Long-term Debt, Noncurrent	5,651
Subordinated Debenture [Member]
Borrowings And Bank Deposits [Line Items]
Long-term borrowings (Note 6)	2,526
Synchrony Financial [Member]
Borrowings And Bank Deposits [Line Items]
Long-term borrowings (Note 6)	4,592
Non US Commercial Paper [Member]
Borrowings And Bank Deposits [Line Items]
Bank deposits (Note 6)	8,913	10,258
Current Portion Of Long Term Borrowings [Member] | Long-term Debt [Member]
Borrowings And Bank Deposits [Line Items]
Secured Debt	5,547	5,552
Certificates of Deposit [Member]
Borrowings And Bank Deposits [Line Items]
Bank deposits (Note 6)	15,513	22,848
Non Recourse [Member]
Borrowings And Bank Deposits [Line Items]
Secured Debt	$ 1,732	$ 1,847

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Financial Instruments (Free-standing derivatives) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Free Standing Derivatives [Member]
Free standing derivatives
Gain (loss) on derivatives	$ (2,708)	$ 1,078
Interest Rate Contract [Member]
Free standing derivatives
Gain (loss) on derivatives	(43)	0
Foreign Exchange Contract [Member]
Free standing derivatives
Gain (loss) on derivatives	(2,660)	1,090
Other Contract [Member]
Free standing derivatives
Gain (loss) on derivatives	$ (5)	$ (12)

XML

Supplemental Information About The Credit Quality Of Financing Receivables And Allowance For Losses On Financing Receivables (Impaired Loans) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Impaired Loans
Total impaired loans	$ 973		$ 5,275
Allowance for losses (specific reserves)			553
Changes In Loans Modified As Troubled Debt Restructurings	810
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	3,100		4,361
Discounted Cash Flow Method [Member]
Impaired Loans
Total impaired loans	834		3,915
Collateral Value Method [Member]
Impaired Loans
Total impaired loans	139		1,360
No Related Allowance [Member]
Impaired Loans
Total impaired loans	232		2,812
Unpaid principal balance	238		4,967
Average investment during the period			2,959
Related Allowance [Member]
Impaired Loans
Total impaired loans	741		2,463
Unpaid principal balance	640		3,232
Average investment during the period	1,601		3,304
Allowance for losses (specific reserves)	249		553
Total CLL [Member] | TDR Modifications [Member]
Impaired Loans
Financing Receivable, Modifications, Recorded Investment	633	1,391
Loans Modified As Troubled Debt Restructuring That Have Subsequently Experienced Payment Default	0	19
Total CLL [Member] | TDR Modifications [Member] | Troubled Debt Restructuring [Member]
Impaired Loans
Financing Receivable, Modifications, Recorded Investment	2
Impaired loans paying in accordance with contractual terms	2		1,869
Total CLL [Member] | No Related Allowance [Member]
Impaired Loans
Total impaired loans	8		2,292
Unpaid principal balance	8		4,397
Average investment during the period			2,725
Total CLL [Member] | Related Allowance [Member]
Impaired Loans
Total impaired loans	6		406
Unpaid principal balance	6		1,125
Average investment during the period	206		717
Allowance for losses (specific reserves)	5		133
Energy Financial Services [Member] | No Related Allowance [Member]
Impaired Loans
Total impaired loans	54		53
Unpaid principal balance	55		54
Average investment during the period			26
Energy Financial Services [Member] | Related Allowance [Member]
Impaired Loans
Total impaired loans	9		15
Unpaid principal balance	9		15
Average investment during the period	12		24
Allowance for losses (specific reserves)	0		12
GECAS [Member]
Impaired Loans
Changes In Loans Modified As Troubled Debt Restructurings	82
GECAS [Member] | No Related Allowance [Member]
Impaired Loans
Total impaired loans	170		329
Unpaid principal balance	175		337
Average investment during the period			88
GECAS [Member] | Related Allowance [Member]
Impaired Loans
Total impaired loans	0		0
Unpaid principal balance	0		0
Average investment during the period	0		15
Allowance for losses (specific reserves)	0		0
Commercial [Member]
Impaired Loans
Total impaired loans	247		3,095
Allowance for losses (specific reserves)			145
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	89		758
Commercial [Member] | Impaired Loans [Member]
Impaired Loans
Average investment during the period	1,671		3,596
Interest income recognized	6	57	178
Commercial [Member] | No Related Allowance [Member]
Impaired Loans
Total impaired loans	232		2,674
Unpaid principal balance	238		4,788
Average investment during the period			2,839
Commercial [Member] | Related Allowance [Member]
Impaired Loans
Total impaired loans	15		421
Unpaid principal balance	15		1,140
Average investment during the period	218		757
Allowance for losses (specific reserves)	5		145
Commercial [Member] | Other Financing Receivables [Member] | No Related Allowance [Member]
Impaired Loans
Total impaired loans	0		0
Consumer [Member]
Impaired Loans
Total impaired loans	726		2,180
Allowance for losses (specific reserves)			408
Changes In Loans Modified As Troubled Debt Restructurings	726
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	3,011		3,603
Consumer [Member] | Impaired Loans [Member]
Impaired Loans
Unpaid principal balance	625
Average investment during the period	1,452		2,667
Interest income recognized	23	46	126
Interest income recognized on a cash basis	1		5
Consumer [Member] | TDR Modifications [Member]
Impaired Loans
Financing Receivable, Modifications, Recorded Investment	869	1,339
Consumer [Member] | TDR Modifications [Member] | Troubled Debt Restructuring [Member]
Impaired Loans
Financing Receivable, Modifications, Recorded Investment	120
Loans Modified As Troubled Debt Restructuring That Have Subsequently Experienced Payment Default	23	57
Impaired loans paying in accordance with contractual terms	726		2,132
Consumer [Member] | No Related Allowance [Member]
Impaired Loans
Total impaired loans	0		138
Unpaid principal balance	0		179
Average investment during the period			120
Consumer [Member] | Related Allowance [Member]
Impaired Loans
Total impaired loans	726		2,042
Unpaid principal balance	625		2,092
Average investment during the period	1,383		2,547
Allowance for losses (specific reserves)	$ 244		$ 408

XML

Financial Instruments (Counterparty credit risk) (Details) (USD $) In Millions, unless otherwise specified	Mar. 31, 2015
Counterparty credit risk
Total Collateral Received	$ 5,460
Fair value of collateral posted to counterparties for derivative obligations	493
Exposure To Counterparties Including Interest Net Collateral Excluding Derivatives	798
Derivative Liability After Collateral And Outstanding Interest Payments Excluding Embedded Derivatives	38
Cash [Member]
Counterparty credit risk
Total Collateral Received	3,312
Securities Held By Third Parties [Member]
Counterparty credit risk
Securities Held as Collateral, at Fair Value	$ 2,148

XML

Financial Instruments (Securities Repurchase and Reverse Repurchase Arrangements) (Details) (USD $) In Millions, unless otherwise specified	Mar. 31, 2015
short-term borrowings
Financial Instruments [Line Items]
Securities for Reverse Repurchase Agreements	$ 45
Cash and cash equivalents
Financial Instruments [Line Items]
Securities for Reverse Repurchase Agreements	$ 12,100

XML

Investment Securities (Tables)

3 Months Ended

Mar. 31, 2015

Investments, Debt and Equity Securities [Abstract]

Investments

	March 31, 2015								December 31, 2014
			Gross		Gross						Gross		Gross
	Amortized		unrealized		unrealized		Estimated		Amortized		unrealized		unrealized		Estimated
(In millions)	cost		gains		losses		fair value		cost		gains		losses		fair value
Debt
U.S. corporate	$	20,015	$	4,322	$	(52)	$	24,285	$	19,889	$	3,967	$	(69)	$	23,787
State and municipal		4,967		667		(50)		5,584		5,181		624		(56)		5,749
Residential mortgage-backed(a)		1,129		100		(4)		1,225		1,578		153		(6)		1,725
Commercial mortgage-backed		2,421		181		(5)		2,597		2,903		170		(10)		3,063
Asset-backed		301		11		(17)		295		8,084		9		(175)		7,918
Corporate – non-U.S.		914		137		(1)		1,050		1,021		115		(1)		1,135
Government – non-U.S.		1,287		182		(1)		1,468		1,646		152		(2)		1,796
U.S. government and federal agency		5,029		86		-		5,115		1,957		56		-		2,013
Retained interests		16		1		-		17		16		1		-		17
Equity
Available-for-sale		144		55		(1)		198		197		58		(1)		254
Trading		19		-		-		19		21		-		-		21
Total	$	36,242	$	5,742	$	(131)	$	41,853	$	42,493	$	5,305	$	(320)	$	47,478

(a)Substantially collateralized by U.S. mortgages. At March 31, 2015, $1,191million related to securities issued by government-sponsored entities and $34million related to securities of private-label issuers. Securities issued by private-label issuers are collateralized primarily by pools of individual direct mortgage loans of financial institutions.

Schedule of investments, by type and length in continuous loss position

ESTIMATED FAIR VALUE AND GROSS UNREALIZED LOSSES OF AVAILABLE-FOR-SALE INVESTMENT SECURITIES
	In loss position for
	Less than 12 months					12 months or more
			Gross					Gross
	Estimated		unrealized			Estimated		unrealized
(In millions)	fair value		losses		(a)	fair value		losses		(a)
March 31, 2015
Debt
U.S. corporate	$	820	$	(22)		$	295	$	(30)
State and municipal		206		(2)			203		(48)
Residential mortgage-backed		127		(1)			97		(3)
Commercial mortgage-backed		101		-			26		(5)
Asset-backed		58		-			77		(17)
Corporate – non-U.S.		27		(1)			2		-
Government – non-U.S.		403		(1)			-		-
U.S. government and federal agency		1,497		-			1		-
Equity		11		(1)			-		-
Total	$	3,250	$	(28)		$	701	$	(103)	(b)
December 31, 2014
Debt
U.S. corporate	$	554	$	(16)		$	836	$	(53)
State and municipal		81		(1)			348		(55)
Residential mortgage-backed		30		-			159		(6)
Commercial mortgage-backed		165		(1)			204		(9)
Asset-backed		7,493		(158)			77		(17)
Corporate – non-U.S.		42		(1)			3		-
Government – non-U.S.		677		(2)			14		-
U.S. government and federal agency		705		-			1		-
Retained interests		-		-			-		-
Equity		14		(1)			-		-
Total	$	9,761	$	(180)		$	1,642	$	(140)

(a) Included gross unrealized losses related to securities that had other-than-temporary impairments previously recognized of an insignificant amount at March 31, 2015.

(b)The majority relate to debt securities held to support obligations to holders of GICs and more than 70% are debt securities that were considered to be investment-grade by the major rating agencies at March 31, 2015.  

Pre Tax Other Than Temporary Impairments On Investment Securities [Table Text Block]

PRE-TAX, OTHER-THAN-TEMPORARY IMPAIRMENTS ON INVESTMENT SECURITIES
	Three months ended March 31
(In millions)	2015		2014
Total pre-tax, OTTI recognized	$	3	$	10
Pre-tax, OTTI recognized in AOCI		-		(4)
Pre-tax, OTTI recognized in earnings(a)	$	3	$	6

(a)Included pre-tax, other-than-temporary impairments recorded in earnings related to equity securities of an insignificant amount and $1million inthe three months endedMarch 31, 2015 and 2014, respectively.

Changes in Cumulative Cerdit Loss Impairments Recognized on Debt Securities Still Held

CHANGES IN CUMULATIVE CREDIT LOSS IMPAIRMENTS RECOGNIZED ON DEBT SECURITIES STILL HELD
	Three months ended March 31
(In millions)	2015		2014
Cumulative credit loss impairments recognized, beginning of period	$	557	$	853
Credit loss impairments recognized on securities not previously impaired		-		-
Incremental credit loss impairments recognized on securities previously impaired		-		1
Less credit loss impairments previously recognized on securities sold
during the period or that we intend to sell		4		51
Cumulative credit loss impairments recognized, end of period	$	553	$	803

Schedule of contractual maturities

CONTRACTUAL MATURITIES OF INVESTMENT IN AVAILABLE-FOR-SALE DEBT SECURITIES
(EXCLUDING MORTGAGE-BACKED AND ASSET-BACKED SECURITIES)
	Amortized		Estimated
(In millions)	cost		fair value
Due
Within one year	$	4,719	$	4,732
After one year through five years		3,694		3,955
After five years through ten years		5,146		5,634
After ten years		18,653		23,181

Supplemental gross realized gains losses on available-for-sale investment securities

GROSS REALIZED GAINS AND LOSSES ON AVAILABLE-FOR-SALE INVESTMENT SECURITIES
	Three months ended March 31
(In millions)	2015		2014
Gains	$	97	$	13
Losses, including impairments		(14)		(7)
Net	$	83	$	6

XML

Financing Receivables and Allowance for Losses on Financing Receivables (Net Investment in Financing Leases) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Mar. 31, 2015
Financing Leases [Abstract]
Loans and leases receivable, Gross	$ 222,296		$ 81,413
Initial direct costs on direct financing leases	284	317
Pre-tax income	112	31
Income tax	$ 43	$ 11

XML

Businesses Held for Sale, Financing Receivables Held for Sale and Discontinued Operations (Rollforward) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014
Financial Information For Discontinued Operations [Line Items]
Claims Relating To Alleged Breaches Of Representations That Are Beyond Applicable Statute Of Llimitations	$ 429
WMC Discontinued Operations [Member]
Financial Information For Discontinued Operations [Line Items]
Reserve, beginning of period	809		800
Provision			0
Reserve, ending of period	814	809	550
Pending claims, beginning of period	3,694
New claims	8,982	9,225
Claim resolutions	(2)		(250)
Pending claims, ending of period	$ 3,689	$ 3,694

XML

Financial Instruments (Net investment hedges in foreign operations) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Net investment hedges in foreign operation
Hedge ineffectiveness gain (loss)	$ (32)	$ (16)
Financial Services Revenue	5,961	9,858
Discontinued Operations [Member]
Net investment hedges in foreign operation
Gain (loss) reclassified from AOCI into earnings	(189)	13
Reclassification out of Accumulated Other Comprehensive Income [Member]
Net investment hedges in foreign operation
Financial Services Revenue	(944)	134
Net Investment Hedge [Member]
Net investment hedges in foreign operation
Hedge ineffectiveness gain (loss)	(44)	(142)
Foreign Exchange Contract [Member] | Net Investment Hedge [Member]
Net investment hedges in foreign operation
Gain (loss) recognized in AOCI	4,989	(1,033)
Gain (loss) reclassified from AOCI into earnings	785	10
Currency Translation Adjustment [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Net investment hedges in foreign operation
Financial Services Revenue	$ 974	$ (3)

XML

Summary of Significant Accounting Policies (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015
Summary of Significant Accounting Policies [Abstract]
UnconditionalGuaranteeOnPrincipalAndInterest	$ 210,107
Business Disposition Charges On Continuing Operation Repatriation Of Foreign Earnings After Tax	5,980
Business Disposition Charges After Tax	16,118
Business Disposition Charges On Continuing Operation After Tax	13,764
Business Disposition Charges On Discontinuing Operation After Tax	2,354
Business Disposition Charges On Continuing Operation Impairment In Value Of Asset After Tax	4,962
Business Disposition Charges On Continuing Operation Business Held For Sale After Tax	$ 2,822

XML

Financing Receivables and Allowance for Losses on Financing Receivables (Allowance for Losses on Financing Receivables) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at January 1	$ 4,914	$ 4,986
Provision charged	4,859	984
Other	(525)	16
Gross write-offs	(6,245)	(1,341)
Recoveries	346	324
Balance at March 31	3,349	4,969
Restructuring charges
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision charged	3,955
Gross write-offs	5,072
CLL
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at January 1	831	978
Provision charged	1,749	102
Other	(250)	1
Gross write-offs	(2,345)	(256)
Recoveries	50	43
Balance at March 31	35	868
Energy Financial Services [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at January 1	26	8
Provision charged	7	9
Other	(1)	0
Gross write-offs	(15)	(2)
Recoveries	0	1
Balance at March 31	17	16
GE Capital Aviation Services (GECAS)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at January 1	46	17
Provision charged	(4)	8
Other	0	0
Gross write-offs	0	0
Recoveries	0	0
Balance at March 31	42	25
Other commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at January 1		2
Provision charged		(1)
Other		(1)
Gross write-offs		0
Recoveries		0
Balance at March 31		0
Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at January 1	903	1,005
Provision charged	1,752	118
Other	(251)	0
Gross write-offs	(2,360)	(258)
Recoveries	50	44
Balance at March 31	94	909
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at January 1	4,011	3,981
Provision charged	3,107	866
Other	(274)	16
Gross write-offs	(3,885)	(1,083)
Recoveries	296	280
Balance at March 31	$ 3,255	$ 4,060

XML

Fair Value Measurements (Changes in Level 3 Instruments) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Changes in Level 3, beginning balance			$ 2,598
Changes in Level 3, ending balance	2,676		2,598
Fair Value, Measurements, Recurring
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Changes in Level 3, beginning balance			82
Changes in Level 3, ending balance	42		82
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Changes in Level 3, beginning balance	12,092	11,261
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	15	13
Net realized/unrealized gains (losses) included in accumulated other comprehensive income	236	85
Purchases	491	787
Sales	(138)	(4)
Settlements	(730)	(719)
Transfers into Level 3	0	533
Transfers out of Level 3	(7,335)	(364)
Changes in Level 3, ending balance	4,631	11,592
Net change in unrealized gains (losses) relating to instruments still held	0	9
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3 | Derivatives Assets And Liabilities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Changes in Level 3, beginning balance	37	20
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	0	3
Net realized/unrealized gains (losses) included in accumulated other comprehensive income	2	0
Purchases	(1)	(1)
Sales	0	0
Settlements	0	(1)
Transfers into Level 3	0	0
Transfers out of Level 3	(1)	0
Changes in Level 3, ending balance	37	21
Net change in unrealized gains (losses) relating to instruments still held	0	9
Cash Accruals Not Included In Schedule Assets Measured For Fair Value On Recurring Basis	10	6
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3 | Retained Interest [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Changes in Level 3, beginning balance	17	21
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	0	0
Net realized/unrealized gains (losses) included in accumulated other comprehensive income	0	0
Purchases	1	1
Sales	0	0
Settlements	(1)	(2)
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Changes in Level 3, ending balance	17	20
Net change in unrealized gains (losses) relating to instruments still held	0	0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3 | Other Assets And Liabilities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Changes in Level 3, beginning balance		279
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings		0
Net realized/unrealized gains (losses) included in accumulated other comprehensive income		0
Purchases		0
Sales		0
Settlements		0
Transfers into Level 3		0
Transfers out of Level 3		(279)
Changes in Level 3, ending balance		0
Net change in unrealized gains (losses) relating to instruments still held	0	0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3 | Domestic Corporate Debt Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Changes in Level 3, beginning balance	3,128	2,918
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	8	8
Net realized/unrealized gains (losses) included in accumulated other comprehensive income	61	63
Purchases	92	153
Sales	(18)	(2)
Settlements	(36)	(112)
Transfers into Level 3	0	96
Transfers out of Level 3	(23)	(53)
Changes in Level 3, ending balance	3,212	3,071
Net change in unrealized gains (losses) relating to instruments still held	0	0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3 | US States and Political Subdivisions Debt Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Changes in Level 3, beginning balance	578	96
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	0	0
Net realized/unrealized gains (losses) included in accumulated other comprehensive income	0	27
Purchases	7	9
Sales	(31)	0
Settlements	(2)	(7)
Transfers into Level 3	0	435
Transfers out of Level 3	0	0
Changes in Level 3, ending balance	552	560
Net change in unrealized gains (losses) relating to instruments still held	0	0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3 | Residential Mortgage Backed Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Changes in Level 3, beginning balance	16	86
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	5	0
Net realized/unrealized gains (losses) included in accumulated other comprehensive income	(4)	(1)
Purchases	0	0
Sales	(14)	0
Settlements	0	(4)
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Changes in Level 3, ending balance	3	81
Net change in unrealized gains (losses) relating to instruments still held	0	0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3 | Commercial Mortgage Backed Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Changes in Level 3, beginning balance	9	10
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	0	0
Net realized/unrealized gains (losses) included in accumulated other comprehensive income	0	0
Purchases	0	0
Sales	(7)	0
Settlements	0	(1)
Transfers into Level 3	0	2
Transfers out of Level 3	0	0
Changes in Level 3, ending balance	2	11
Net change in unrealized gains (losses) relating to instruments still held	0	0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3 | Asset-backed Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Changes in Level 3, beginning balance	7,575	6,898
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	0	1
Net realized/unrealized gains (losses) included in accumulated other comprehensive income	160	(27)
Purchases	140	405
Sales	(11)	0
Settlements	(442)	(369)
Transfers into Level 3	0	0
Transfers out of Level 3	(7,310)	0
Changes in Level 3, ending balance	112	6,908
Net change in unrealized gains (losses) relating to instruments still held	0	0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3 | Foreign Corporate Debt Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Changes in Level 3, beginning balance	455	666
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	0	1
Net realized/unrealized gains (losses) included in accumulated other comprehensive income	(7)	14
Purchases	252	220
Sales	(57)	(2)
Settlements	(245)	(223)
Transfers into Level 3	0	0
Transfers out of Level 3	(1)	0
Changes in Level 3, ending balance	397	676
Net change in unrealized gains (losses) relating to instruments still held	0	0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3 | Foreign Government Debt Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Changes in Level 3, beginning balance	2	31
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	0	0
Net realized/unrealized gains (losses) included in accumulated other comprehensive income	0	0
Purchases	0	0
Sales	0	0
Settlements	0	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	(30)
Changes in Level 3, ending balance	2	1
Net change in unrealized gains (losses) relating to instruments still held	0	0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3 | US Treasury and Government [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Changes in Level 3, beginning balance	266	225
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	0	0
Net realized/unrealized gains (losses) included in accumulated other comprehensive income	26	9
Purchases	0	0
Sales	0	0
Settlements	(1)	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	(2)
Changes in Level 3, ending balance	291	232
Net change in unrealized gains (losses) relating to instruments still held	0	0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3 | Available-for-sale Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Changes in Level 3, beginning balance	9	11
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	2	0
Net realized/unrealized gains (losses) included in accumulated other comprehensive income	(2)	0
Purchases	0	0
Sales	0	0
Settlements	(3)	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Changes in Level 3, ending balance	6	11
Net change in unrealized gains (losses) relating to instruments still held	$ 0	$ 0

XML

Shareowners' Equity (Reclass Out Of Accumulated Other Comprehensive Income) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Reclass out of AOCI
Benefit (provision) for income taxes (Note 7)	$ (6,152)	$ (301)
Net earnings	91	11
Costs and Expenses	(12,283)	(7,880)
Financial Services Revenue	5,961	9,858
Interest Expense	1,651	1,887
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	(6,301)	2,005
Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclass out of AOCI
Net earnings	(827)	45
Financial Services Revenue	(944)	134
Interest And Other Financial Charges	(9)	0
Reclassification out of Accumulated Other Comprehensive Income [Member] | Securities Investment [Member]
Reclass out of AOCI
Benefit (provision) for income taxes (Note 7)	(29)	7
Net earnings	54	(10)
Financial Services Revenue	83	(17)
Reclassification out of Accumulated Other Comprehensive Income [Member] | Currency Translation Adjustment [Member]
Reclass out of AOCI
Benefit (provision) for income taxes (Note 7)	(1)	124
Net earnings	(3)	(2)
Costs and Expenses	(2)	(126)
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Reclass out of AOCI
Benefit (provision) for income taxes (Note 7)	119	(4)
Net earnings	(873)	61
Financial Services Revenue	(953)	134
Interest And Other Financial Charges	(39)	(69)
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	(992)	65
Reclassification out of Accumulated Other Comprehensive Income [Member] | Benefit Plans Adj [Member]
Reclass out of AOCI
Benefit (provision) for income taxes (Note 7)	2	2
Net earnings	(5)	(4)
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	(7)	(6)
Defined Benefit Plan, Amortization of Gains (Losses)	(7)	(6)
Prior service cost amortization	$ 0	$ 0

XML

Investment Securities (Contractual maturities) (Details) (USD $) In Millions, unless otherwise specified	Mar. 31, 2015
Amortized Cost
Within one year	$ 4,719
After one year through five years	3,694
After five years through ten years	5,146
After ten years	18,653
Estimated Fair Value
Within one year	4,732
After one year through five years	3,955
After five years through ten years	5,634
After ten years	$ 23,181

XML

Businesses Held for Sale, Financing Receivables Held for Sale and Discontinued Operations

3 Months Ended

Mar. 31, 2015

Assets and Liabilities of Businesses Held For Sale and Discontinued Operations [Abstract]

Assets and Liabilities Of Business Held For Sale and Discontinued Operations

Note 2. BUSINESSES HELD FOR SALE, FINANCING RECEIVABLES HELD FOR SALE AND DISCONTINUED OPERATIONS

Assets and Liabilities of Businesses Held for Sale

In the first quarter of 2015, in connection with the GE Capital Exit Plan, we committed to sell certain businesses within our CLL business, with assets of $44,398million and liabilities of $3,871million. Upon classification as held for sale, we recorded an estimated loss on disposal of $1,845 million ($2,822 million after tax) in revenues. In addition, we signed an agreement to sell our consumer finance business in Australia and New Zealand (ANZ Consumer Lending), with assets of $6,093million and liabilities of $286million, to a consortium including KKR, Varde Partners and Deutsche Bank for approximately 6,800million Australian dollars and 1,400million New Zealand dollars, respectively, and is targeted to close in 2015. The transactions remain subject to customary closing conditions and regulatory approvals.

In the fourth quarter of 2014, we signed an agreement to sell our consumer finance business Budapest Bank with assets of $3,107 million and liabilities of $2,177 million to Hungary’s government. The transaction remains subject to customary closing conditions and regulatory approvals, and is targeted to close in 2015.

FINANCIAL INFORMATION FOR ASSETS AND LIABILITIES OF BUSINESSES HELD FOR SALE
(In millions)	March 31, 2015		December 31, 2014
Assets
Cash and equivalents	$	1,560	$	676
Investment securities		7,720		448
Financing receivables – net		31,318		2,144
Property, plant and equipment – net		7,130		37
Goodwill		4,973		106
Other intangible assets – net		145		13
Other		2,597		50
Valuation allowance on disposal group classified as held for sale		(1,845)		-
Assets of businesses held for sale	$	53,598	$	3,474
Liabilities
Short-term borrowings	$	836	$	435
Accounts payable		747		4
Other current liabilities		919		3
Bank deposits		1,711		1,931
Long-term borrowings		230		-
Deferred income taxes		255		(31)
Other		1,636		92
Liabilities of businesses held for sale	$	6,334	$	2,434

Other assets at March 31, 2015 primarily comprised equity investments and real estate investments.

FINANCING RECEIVABLES HELD FOR SALE

In the first quarter of 2015, in connection with the GE Capital Exit Plan, we committed to sell most of our CLL and all of our non-U.S. Consumer financing receivables. As a result, we transferred these financing receivables to held for sale and recognized a pre-tax provision for losses on financing receivables of $3,955 million ($3,341 million after tax) and wrote-off the associated balance of the allowance for loan losses of $5,072 million to reduce the carrying value of the financing receivables to the lower of cost or fair value, less cost to sell.

FINANCING RECEIVABLES HELD FOR SALE
(in millions)	March 31, 2015			December 31, 2014
Commercial
CLL	$	65,974		$	1,409
Energy Financial Services		-			35
GE Capital Aviation Services (GECAS)		259			27
Total Commercial		66,233	(a)		1,471
Consumer		26,726	(b)		359
Total financing receivables held for sale	$	92,959		$	1,830

• Over 30 days past due and nonaccrual financing receivables related to commercial financing receivables held for sale were $993 million and $1,401 million respectively.
• Over 30 days past due and nonaccrual financing receivables related to consumer financing receivables held for sale were $1,757 million and $1,109 million, respectively.

Discontinued Operations

Discontinued operations primarily comprised our Real Estate business and our U.S. mortgage business (WMC). Results of operations, financial position and cash flows for these businesses are separately reported as discontinued operations for all periods presented.

FINANCIAL INFORMATION FOR DISCONTINUED OPERATIONS
	Three months ended March 31
(In millions)	2015		2014
Operations
Total revenues (loss)	$	500	$	660
Earnings (loss) from discontinued operations before income taxes	$	31	$	123
Benefit (provision) for income taxes		122		110
Earnings (loss) from discontinued operations, net of taxes	$	153	$	233
Disposal
Gain (loss) on disposal before income taxes	$	(1,808)	$	18
Benefit (provision) for income taxes		(546)		1
Gain (loss) on disposal, net of taxes	$	(2,354)	$	19
Earnings (loss) from discontinued operations, net of taxes	$	(2,201)	$	252

(In millions)	March 31, 2015		December 31, 2014
Assets
Cash and equivalents	$	259	$	320
Investment securities		799		848
Financing receivables – net		19,348		19,636
Other receivables		411		413
Property, plant and equipment – net		137		141
Goodwill		440		537
Other intangible assets – net		93		109
Deferred income taxes		1,425		1,755
Other		10,148		13,026
Valuation allowance on disposal group classified as discontinued operations		(1,808)		-
Assets of discontinued operations	$	31,252	$	36,785
Liabilities
Short-term borrowings	$	20	$	273
Accounts payable		465		549
Other current liabilities		84		-
Long-term borrowings		188		234
Deferred income taxes		184		238
Other		1,010		845
Liabilities of discontinued operations	$	1,951	$	2,139

Other assets at March 31, 2015 and December 31, 2014 primarily comprised real estate investments at our Real Estate business.

REAL ESTATE

In connection with the GE Capital Exit Plan, we announced the planned disposition of our Real Estate business and classified the business as discontinued operations and recorded an estimated loss on disposal of $1,808million ($2,354million after tax). We expect to complete the disposal by the end of 2015.

FINANCIAL INFORMATION FOR REAL ESTATE
	Three months ended March 31
(In millions)		2015		2014
Operations
Total revenues (loss)	$	499	$	630
Interest	$	(237)	$	(273)
Operating and administrative		(164)		(149)
Depreciation and amortization		(60)		(86)
Provision for losses on financing receivables		4		15
Earnings (loss) from discontinued operations, before income taxes		42		137
Benefit (provision) for income taxes		30		103
Earnings (loss) from discontinued operations, net of taxes	$	72	$	240
Disposal
Gain (loss) on disposal before income taxes	$	(1,808)	$	-
Benefit (provision) for income taxes		(546)		-
Gain (loss) on disposal, net of taxes	$	(2,354)	$	-
Earnings (loss) from discontinued operations, net of taxes(a)	$	(2,282)	$	240

(a)Earnings (loss) from discontinued operations attributable to the Company, before income taxes, was $(1,765)million and $138million for the three months ended March 31, 2015 and 2014, respectively.

WMC

During the fourth quarter of 2007, we completed the sale of WMC, our U.S. mortgage business. WMC substantially discontinued all new loan originations by the second quarter of 2007, and is not a loan servicer. In connection with the sale, WMC retained certain representation and warranty obligations related to loans sold to third parties prior to the disposal of the business and contractual obligations to repurchase previously sold loans that had an early payment default. All claims received by WMC for early payment default have either been resolved or are no longer being pursued.

The remaining active claims have been brought by securitization trustees or administrators seeking recovery from WMC for alleged breaches of representations and warranties on mortgage loans that serve as collateral for residential mortgage-backed securities (RMBS). At March 31, 2015, such claims consisted of $3,689million of individual claims generally submitted before the filing of a lawsuit (compared to $3,694 million at December 31, 2014) and $8,982 million of additional claims asserted against WMC in litigation without making a prior claim (Litigation Claims) (compared to $9,225 million at December 31, 2014). The total amount of these claims, $12,671 million, reflects the purchase price or unpaid principal balances of the loans at the time of purchase and does not give effect to pay downs or potential recoveries based upon the underlying collateral, which in many cases are substantial, nor to accrued interest or fees. As of March 31, 2015, these amounts do not include approximately $429million of repurchase claims relating to alleged breaches of representations that are not in litigation and that are beyond the applicable statute of limitations. WMC believes that repurchase claims brought based upon representations and warranties made more than six years before WMC was notified of the claim would be disallowed in legal proceedings under applicable statutes of limitations.

Reserves related to repurchase claims made against WMC were $814 million at March 31, 2015, reflecting a net increase to reserves in the three months endedMarch 31, 2015 of $5 million due to incremental provisions offset by settlement activity. The reserve estimate takes into account recent settlement activity and is based upon WMC’s evaluation of the remaining exposures as a percentage of estimated lifetime mortgage loan losses within the pool of loans supporting each securitization. Settlements in prior periods reduced WMC’s exposure on claims asserted in certain securitizations and the claim amounts reported above give effect to these settlements.

ROLLFORWARD OF THE RESERVE
	Three months ended March 31
(In millions)		2015		2014
Balance, beginning of period	$	809	$	800
Provision		7		-
Claim resolutions / rescissions		(2)		(250)
Balance, end of period	$	814	$	550

Given the significant litigation activity and WMC’s continuing efforts to resolve the lawsuits involving claims made against WMC, it is difficult to assess whether future losses will be consistent with WMC’s past experience. Adverse changes to WMC’s assumptions supporting the reserve may result in an increase to these reserves. Taking into account both recent settlement activity and the potential variability of settlements, WMC estimates a range of reasonably possible loss from $0 to approximately $500 million over its recorded reserve at March 31, 2015. This estimate excludes any possible loss associated with an adverse court decision on the applicable statute of limitations, as WMC is unable at this time to develop such a meaningful estimate.

At March 31, 2015, there were 15lawsuits involving claims made against WMC arising from alleged breaches of representations and warranties on mortgage loans included in 14securitizations. The adverse parties in these cases are securitization trustees or parties claiming to act on their behalf. Although the alleged claims for relief vary from case to case, the complaints and counterclaims in these actions generally assert claims for breach of contract, indemnification, and/or declaratory judgment, and seek specific performance (repurchase of defective mortgage loan) and/or money damages. Adverse court decisions, including in cases not involving WMC (such as the New York Court of Appeals’ decision on statute of limitations, expected in 2015), could result in new claims and lawsuits on additional loans. However, WMC continues to believe that it has defenses to the claims asserted in litigation, including, for example, based on causation and materiality requirements and applicable statutes of limitations. It is not possible to predict the outcome or impact of these defenses and other factors, any of which could materially affect the amount of any loss ultimately incurred by WMC on these claims.

WMC has also received indemnification demands, nearly all of which are unspecified, from depositors/underwriters/sponsors of RMBS in connection with lawsuits brought by RMBS investors concerning alleged misrepresentations in the securitization offering documents to which WMC is not a party or, in two cases, involving mortgage loan repurchase claims made against RMBS sponsors. WMC believes that it has defenses to these demands.

To the extent WMC is required to repurchase loans, WMC’s loss also would be affected by several factors, including pay downs, accrued interest and fees, and the value of the underlying collateral. The reserve and estimate of possible loss reflect judgment, based on currently available information, and a number of assumptions, including economic conditions, claim and settlement activity, pending and threatened litigation, court decisions regarding WMC’s legal defenses, indemnification demands, government activity, and other variables in the mortgage industry. Actual losses arising from claims against WMC could exceed these amounts and additional claims and lawsuits could result if actual claim rates, governmental actions, litigation and indemnification activity, adverse court decisions, actual settlement rates or losses WMC incurs on repurchased loans differ from its assumptions.

FINANCIAL INFORMATION FOR WMC
	Three months ended March 31
(In millions)		2015		2014
Total revenues (loss)	$	-	$	4
Earnings (loss) from discontinued operations, net of taxes	$	(6)	$	(2)

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Shareowners' Equity (Summary Noncontrolling Interests) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015		Mar. 31, 2014		Dec. 31, 2014
Changes To Noncontrolling Interest [Line Items]
Beginning balance	$ 2,899	[1]	$ 432	[1]
Net earnings	91		11
Dividends	(2)		0
Dispositions	0		0
Ending balance	2,987		440
Other noncontrolling interests in consolidated affiliates
Changes To Noncontrolling Interest [Line Items]
Beginning balance					368
Ending balance	$ 370				$ 368

[1] (c) Included AOCI attributable to noncontrolling interests of $(187) million and $(154) million at March 31, 2015 and December 31, 2014, respectively.

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Businesses Held for Sale, Financing Receivables Held for Sale and Discontinued Operations (Other) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Financial Information For Businesses Held For Sale [Line Items]
Earnings (loss) from discontinued operations, net of taxes	$ (2,201)	$ 252
Discontinued Operations and Disposal Groups [Abstract]
Earnings (loss) from discontinued operations, net of taxes	(2,201)	252
Proceeds from sale of discontinued operations	0	232
Benefit (provision) for income taxes (Note 7)	(6,152)	(301)
Discontinued Operations [Member]
Discontinued Operations and Disposal Groups [Abstract]
Total revenues (loss)	500	660
Gain (loss) on disposal of discontinued operations	(2,354)	19
WMC Discontinued Operations [Member] | Discontinued Operations [Member]
Financial Information For Businesses Held For Sale [Line Items]
Earnings (loss) from discontinued operations, net of taxes	(6)	(2)
Discontinued Operations and Disposal Groups [Abstract]
Total revenues (loss)	0	4
Earnings (loss) from discontinued operations, net of taxes	$ (6)	$ (2)

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Income Taxes (Tables)

3 Months Ended

Mar. 31, 2015

Income Tax Disclosure [Abstract]

Unrecognized tax benefits

UNRECOGNIZED TAX BENEFITS
(In millions)	March 31, 2015		December 31, 2014
Unrecognized tax benefits	$	2,961	$	3,055
Portion that, if recognized, would reduce tax expense and effective tax rate(a)		2,245		2,259
Accrued interest on unrecognized tax benefits		417		420
Accrued penalties on unrecognized tax benefits		33		34
Reasonably possible reduction to the balance of unrecognized tax benefits
in succeeding 12 months		0-600		0-600
Portion that, if recognized, would reduce tax expense and effective tax rate(a)		0-50		0-50

(a)Some portion of such reduction may be reported as discontinued operations.

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Borrowings and Bank Deposits (Tables)

3 Months Ended

Mar. 31, 2015

Debt Disclosure [Abstract]

Borrowings

(In millions)	March 31, 2015		December 31, 2014
Short-term borrowings
Commercial paper(a)
U.S.	$	22,227	$	22,019
Non-U.S.		2,787		2,993
Current portion of long-term borrowings(a)(b)(c)		35,545		37,724
GE Interest Plus notes(d)		5,457		5,467
Other(c)		162		312
Total short-term borrowings	$	66,178	$	68,515
Long-term borrowings
Senior unsecured notes(a)(b)(e)	$	156,635	$	162,629
Subordinated notes(a)		4,635		4,804
Subordinated debentures(a)(f)(g)		6,543		7,085
Other(a)(c)(h)		10,224		13,231
Total long-term borrowings	$	178,037	$	187,749
Non-recourse borrowings of
consolidated securitization entities(i)	$	29,035	$	29,938
Bank deposits(j)	$	62,691	$	62,839
Total borrowings and bank deposits	$	335,941	$	349,041

• On April 10, 2015, GE announced it would provide a full and unconditional guarantee on the payment of the principal and interest on all tradable senior and subordinated outstanding long-term debt securities and all commercial paper issued or guaranteed by GECC. Short term borrowings included $25,014 million of commercial paper and $31,127 million of the current portion of long-term borrowings. Long term borrowings included $143,153 million of senior unsecured notes, $3,871 million of subordinated notes, $6,543 million of subordinated debentures, and $400 million of other.
• Included $434 million and $439 million of obligations to holders of GICs at March 31, 2015 and December 31, 2014, 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 $5,547 million and $5,552 million of funding secured by real estate, aircraft and other collateral at March 31, 2015 and December 31, 2014, respectively, of which $1,732 million and $1,847 million is non-recourse to GECC at March 31, 2015 and December 31, 2014, respectively.
• Entirely variable denomination floating-rate demand notes.
• Included $4,592 million related to Synchrony Financial.
• Subordinated debentures receive rating agency equity credit.
• Included $2,526 million of subordinated debentures, which constitute the sole assets of trusts that 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 $5,651 million related to Synchrony Financial.
• Included $6,374 million and $7,442 million of current portion of long-term borrowings at March 31, 2015 and December 31, 2014, respectively. See Note 12.
• Included $8,913 million and $10,258 million of deposits in non-U.S. banks at March 31, 2015 and December 31, 2014, respectively, and $15,513 million and $22,848 million of certificates of deposits with maturities greater than one year at March 31, 2015 and December 31, 2014, respectively.

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Borrowings and Bank Deposits (Borrowings) (Details) (USD $) In Millions, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Borrowings And Bank Deposits [Line Items]
Short-term borrowings (Note 6)	$ 66,178	$ 68,515
Long-term Debt and Capital Lease Obligations	178,037	187,749
Non Recourse Borrowings Of Consolidated Securitization Entities	29,035	29,938
Deposits	62,691	62,839
Total borrowings and bank deposits	335,941	349,041
Commercial Paper [Member] | Financial Guarantee by GE
Borrowings And Bank Deposits [Line Items]
Short-term borrowings (Note 6)	25,014
US Commercial Paper [Member]
Borrowings And Bank Deposits [Line Items]
Short-term borrowings (Note 6)	22,227	22,019
Non US Commercial Paper [Member]
Borrowings And Bank Deposits [Line Items]
Short-term borrowings (Note 6)	2,787	2,993
Current Portion Of Long Term Borrowings [Member]
Borrowings And Bank Deposits [Line Items]
Short-term borrowings (Note 6)	35,545	37,724
Deposits	6,374	7,442
Current Portion Of Long Term Borrowings [Member] | Financial Guarantee by GE
Borrowings And Bank Deposits [Line Items]
Short-term borrowings (Note 6)	31,127
GE Interest Plus notes [Member]
Borrowings And Bank Deposits [Line Items]
Short-term borrowings (Note 6)	5,457	5,467
Other Short Term Borrowing [Member]
Borrowings And Bank Deposits [Line Items]
Short-term borrowings (Note 6)	162	312
Senior unsecured notes [Member]
Borrowings And Bank Deposits [Line Items]
Long-term Debt and Capital Lease Obligations	156,635	162,629
Senior unsecured notes [Member] | Financial Guarantee by GE
Borrowings And Bank Deposits [Line Items]
Long-term Debt and Capital Lease Obligations	143,153
Subordinated notes [Member]
Borrowings And Bank Deposits [Line Items]
Long-term Debt and Capital Lease Obligations	4,635	4,804
Subordinated notes [Member] | Financial Guarantee by GE
Borrowings And Bank Deposits [Line Items]
Long-term Debt and Capital Lease Obligations	3,871
Subordinated Debt [Member]
Borrowings And Bank Deposits [Line Items]
Long-term Debt and Capital Lease Obligations	6,543	7,085
Subordinated Debt [Member] | Financial Guarantee by GE
Borrowings And Bank Deposits [Line Items]
Long-term Debt and Capital Lease Obligations	6,543
Other Long Term Borrowing [Member]
Borrowings And Bank Deposits [Line Items]
Long-term Debt and Capital Lease Obligations	10,224	13,231
Other Long Term Borrowing [Member] | Financial Guarantee by GE
Borrowings And Bank Deposits [Line Items]
Long-term Debt and Capital Lease Obligations	$ 400

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Investment Securities (Investment) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	$ 36,242	$ 42,493
Gross unrealized gain	5,742	5,305
Gross unrealized losses	(131)	(320)
Estimated fair value	41,853	47,478
Investments	41,853	47,478
US Corporate
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	20,015	19,889
Gross unrealized gain	4,322	3,967
Gross unrealized losses	(52)	(69)
Estimated fair value	24,285	23,787
State and municipal
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	4,967	5,181
Gross unrealized gain	667	624
Gross unrealized losses	(50)	(56)
Estimated fair value	5,584	5,749
Residential Mortgage Backed Securities
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	1,129	1,578
Gross unrealized gain	100	153
Gross unrealized losses	(4)	(6)
Estimated fair value	1,225	1,725
Commercial mortgage backed
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	2,421	2,903
Gross unrealized gain	181	170
Gross unrealized losses	(5)	(10)
Estimated fair value	2,597	3,063
Asset-backed
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	301	8,084
Gross unrealized gain	11	9
Gross unrealized losses	(17)	(175)
Estimated fair value	295	7,918
Corporate non US
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	914	1,021
Gross unrealized gain	137	115
Gross unrealized losses	(1)	(1)
Estimated fair value	1,050	1,135
Government - non-U.S.
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	1,287	1,646
Gross unrealized gain	182	152
Gross unrealized losses	(1)	(2)
Estimated fair value	1,468	1,796
U.S. Government and federal agency
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	5,029	1,957
Gross unrealized gain	86	56
Gross unrealized losses	0	0
Estimated fair value	5,115	2,013
Retained Interest [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	16	16
Gross unrealized gain	1	1
Gross unrealized losses	0	0
Estimated fair value	17	17
Available-for-sale Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	144	197
Gross unrealized gain	55	58
Gross unrealized losses	(1)	(1)
Estimated fair value	198	254
Trading Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	19	21
Gross unrealized gain	0	0
Gross unrealized losses	0	0
Estimated fair value	19	21
Mortgage-backed Securities, Issued by Private Enterprises [Member]
Schedule of Available-for-sale Securities [Line Items]
Investments	34
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Schedule of Available-for-sale Securities [Line Items]
Investments	$ 1,191

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Shareowners' Equity (Tables)

3 Months Ended

Mar. 31, 2015

Stockholders' Equity Note [Abstract]

Accumulated other comprehensive income

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
		Three months ended March 31
(In millions)		2015		2014
Investment securities
Beginning balance	$	1,010	$	309
Other comprehensive income (loss) (OCI) before reclassifications –
net of deferred taxes of $137 and $251		251		474
Reclassifications from OCI – net of deferred taxes
of $(29) and $7		(54)		10
Other comprehensive income (loss)(a)		197		484
Less OCI attributable to noncontrolling interests		-		-
Ending balance	$	1,207	$	793
Currency translation adjustments (CTA)
Beginning balance	$	(838)	$	(687)
OCI before reclassifications – net of deferred taxes
of $1,539 and $73		(1,850)		(86)
Reclassifications from OCI – net of deferred taxes
of $(1) and $124		3		2
Other comprehensive income (loss)(a)		(1,847)		(84)
Less OCI attributable to noncontrolling interests		(32)		2
Ending balance	$	(2,653)	$	(773)
Cash flow hedges
Beginning balance	$	(172)	$	(293)
OCI before reclassifications –
net of deferred taxes of $(59) and $69		(863)		129
Reclassifications from OCI – net of deferred taxes
of $119 and $(4)		873		(61)
Other comprehensive income (loss)(a)		10		68
Less OCI attributable to noncontrolling interests		-		-
Ending balance	$	(162)	$	(225)
Benefit plans
Beginning balance	$	(577)	$	(363)
Net actuarial gain (loss) – net of deferred taxes
of $(3) and $(8)		5		(22)
Net actuarial loss amortization – net of deferred taxes
of $2 and $2		5		4
Other comprehensive income (loss)(a)		10		(18)
Less OCI attributable to noncontrolling interests		-		-
Ending balance	$	(567)	$	(381)
Accumulated other comprehensive income (loss) at March 31	$	(2,175)	$	(586)

(a)Total other comprehensive income (loss) was $(1,630) million and $450 million in the three months endedMarch 31, 2015 and 2014, respectively.

Reclassification out of Accumulated Other Comprehensive Income

RECLASSIFICATION OUT OF AOCI
		Three months ended March 31
(In millions)	2015		2014		Statement of Earnings Caption
Available-for-sale securities
Realized gains (losses) on
sale/impairment of securities	$	83	$	(17)	Revenues from services
		(29)		7	Benefit (provision) for income taxes
	$	54	$	(10)	Net of tax
Currency translation adjustments
Gains (losses) on dispositions	$	(2)	$	(126)	Costs and expenses
		(1)		124	Benefit (provision) for income taxes
	$	(3)	$	(2)	Net of tax
Cash flow hedges
Gains (losses) on interest rate derivatives	$	(39)	$	(69)	Interest
Foreign exchange contracts		(953)		134	(a)
		(992)		65	Total before tax
		119		(4)	Benefit (provision) for income taxes
	$	(873)	$	61	Net of tax
Benefit plan items
Amortization of actuarial gains (losses)		(7)		(6)	(b)
		(7)		(6)	Total before tax
		2		2	Benefit (provision) for income taxes
	$	(5)	$	(4)	Net of tax
Total reclassification adjustments	$	(827)	$	45	Net of tax

(a) Included $(944) million and $134 million in revenues from services and $(9) million and an insignificant amount in interest inthe three months endedMarch 31, 2015 and 2014, respectively.

(b)Amortization of prior service costs and actuarial gains and losses out of AOCI are included in the computation of net periodic pension costs.

Changes to noncontrolling interests

(In millions)	March 31, 2015		December 31, 2014
Synchrony Financial	$	2,617	$	2,531
Other noncontrolling interests in consolidated affiliates(a)		370		368
Total	$	2,987	$	2,899

(a) Consisted of a number of individually insignificant noncontrolling interests in partnerships and consolidated affiliates.

CHANGES TO NONCONTROLLING INTERESTS
		Three months ended March 31
(In millions)		2015		2014
Beginning balance	$	2,899	$	432
Net earnings		91		11
Dividends		(2)		-
Other (including AOCI)		(1)		(3)
Ending balance	$	2,987	$	440

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Revenues from Services (Tables)

3 Months Ended

Mar. 31, 2015

Financial Services Revenue [Abstract]

Revenues from services

	Three months ending March 31
(In millions)	2015		2014
Interest on loans	$	3,807	$	4,029
Equipment leased to others		2,427		2,661
Fees		1,048		1,086
Investment income		622		558
Associated companies(a)		388		373
Premiums earned by insurance activities		329		352
Financing leases		307		387
Other items(b)		(2,967)		412
Total	$	5,961	$	9,858

(a)Aggregate summarized financial information for significant associated companies assuming a 100% ownership interest is included total assets at March 31, 2015 and December 31, 2014 of $66,581 million and $78,632 million, respectively. Assets were primarily financing receivables of $36,538 million and $46,481 million at March 31, 2015 and December 31, 2014, respectively. Total liabilities were $48,166 million and $57,273 million, consisted primarily of bank deposits of $2,085 million and $1,853 million at March 31, 2015 and December 31, 2014, respectively, and debt of $39,770 million and $39,147 million at March 31, 2015 and December 31, 2014, respectively. Revenues for the three months endedMarch 31, 2015 and 2014 totaled $3,220 million and $3,544 million, respectively, and net earnings for the three months ended March 31, 2015 and 2014 totaled $299 million and $437 million, respectively.

(b)During the three months ended March 31, 2015, other items primarily comprised estimated losses on CLL businesses classified as assets of businesses held for sale ($1,845 million) and impairments related to equity method investments ($1,404 million) in connection with the GE Capital Exit Plan.

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Summary of Significant Accounting Policies

3 Months Ended

Mar. 31, 2015

Summary of Significant Accounting Policies [Abstract]

Summary Of Significant Accounting Policies

Notes to Consolidated Financial Statements

NOTE 1. BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

BASIS OF PRESENTATION

General Electric Company (GE Company or GE) owns all of the common stock of General Electric Capital Corporation (GECC). Our financial statements consolidate all of our affiliates – companies that we control and in which we hold a majority voting interest. We also consolidate the economic interests we hold in certain businesses within companies in which we hold a voting equity interest and are majority owned by our parent, but which we have agreed to actively manage and control. See Note 1 to the consolidated financial statements in our Annual Report on Form 10-K for the fiscal year ended December 31, 2014 (2014 consolidated financial statements), which discusses our consolidation and financial statement presentation. GECC includes Commercial Lending and Leasing (CLL), Consumer, Energy Financial Services and GE Capital Aviation Services (GECAS).

Effects of transactions between related companies are made on an arms-length basis and are eliminated. As a wholly-owned subsidiary, GECC enters into various operating and financing arrangements with its parent, GE. These arrangements are made on an arms-length basis and consist primarily of GECC dividends to GE; GE customer receivables sold to GECC; GECC services for trade receivables management and material procurement; buildings and equipment (including automobiles) leased between GE and GECC; information technology (IT) and other services sold to GECC by GE; aircraft engines manufactured by GE that are installed on aircraft purchased byGECC from third-party producers for lease to others; and various investments, loans and allocations of GE corporate costs.

We have reclassified certain prior-period amounts to conform to the current-period presentation. Unless otherwise indicated, information in these notes to the consolidated financial statements relates to continuing operations.

THEGE Capital Exit Plan

On April 10, 2015, our parent company, General Electric Company (GE), announced a plan (the GE Capital Exit Plan) to reduce the size of its financial services businesses through the sale of most of our assets, over the next 24 months, and to focus on continued investment and growth in GE’s industrial businesses. Under the GE Capital Exit Plan which was approved on April 2, 2015 and aspects of which were approved on March 31, 2015, GE will retain certain GECC businesses, principally its vertical financing businesses – GECAS, Energy Financial Services and Healthcare Equipment Finance – that directly relate to GE’s core industrial domain and other operations including Working Capital Solutions and our run-off insurance activities. The assets planned for disposition include Real Estate, most of CLL and all Consumer platforms (including all U.S. banking assets).

As part of the GE Capital Exit Plan, GE and GECC entered into an amendment to their existing financial support agreement. Under this amendment (the Amendment), GE has provided a full and unconditional guarantee (the Guarantee) of the payment of principal and interest on all tradable senior and subordinated outstanding long-term debt securities and all commercial paper issued or guaranteed by GECC identified in the Amendment. In the aggregate, the Guarantee applied to $210,107 million of GECC debt as of April 10, 2015. See Note 6. The Guarantee replaced the requirement that GE make certain income maintenance payments to GECC in certain circumstances. GECC’s U.S. public indentures were concurrently amended to provide the full and unconditional guarantee by GE set forth in the Guarantee.

We recorded $16,118 million of after-tax charges ($13,764 million of which is attributable to continuing operations and $2,354 million of which is attributable to discontinued operations) in the first quarter of 2015 related to the GE Capital Exit Plan. The first quarter charges recorded in continuing operations include tax expense related to expected repatriation of foreign earnings and write-off of deferred tax assets ($5,980 million), asset impairments due to shortened hold periods ($4,962 million), and charges on businesses held for sale ($2,822 million), including goodwill allocation.

See Notes 2 and 5 to the consolidated financial statements for additional information.

interim period presentation

The consolidated financial statements and notes thereto are unaudited. These statements include all adjustments (consisting of normal recurring accruals) that we considered necessary to present a fair statement of our results of operations, financial position and cash flows. The results reported in these consolidated financial statements should not be regarded as necessarily indicative of results that may be expected for the entire year. It is suggested that these consolidated financial statements be read in conjunction with the financial statements and notes thereto included in our2014 consolidated financial statements. Effective for the first quarter of 2015, the Company is following a calendar quarter. Previously, we established interim quarterly closing dates using a fiscal calendar, which required our businesses to close their books on either a Saturday or Sunday, depending on the business. We label our quarterly information using a calendar convention, that is, first quarter is labeled as ending on March 31, second quarter as ending on June 30, and third quarter as ending on September 30.

summary of significant accounting policies

We utilized significant estimates in the preparation of the first quarter financial statements.

In addition to the discussion below on estimates used to determine the fair value of businesses and assets held for sale, please refer to the Critical Accounting Estimates section within MD&A and Note 1, Basis of Presentation and Summary of Significant Accounting Policies, to the consolidated financial statements of our 2014 Form 10-K Report for a summary of our significant accounting policies and the critical accounting estimates we use to: assess the recoverability of assets such as financing receivables and goodwill; determine the fair value of financial assets; and determine our provision for income taxes and recoverability of deferred tax assets.

BUSINESSES AND ASSETS HELD FOR SALE

Businesses held for sale represent components that meet accounting requirements to be classified as held for sale and are presented as single asset and liability amounts in our financial statements with a valuation allowance, if necessary, to recognize the net carrying amount at the lower of cost or fair value, less cost to sell. Financing receivables that no longer qualify to be presented as held for investment must be classified as held for sale and recognized in our financial statements at the lower of cost or fair value, less cost to sell, with that amount representing a new cost basis at the date of transfer.

As a result of the GE Capital Exit Plan, certain GECC businesses met the criteria to be classified as businesses held for sale and certain financing receivables were required to be recognized as held for sale at March 31, 2015.

The determination of fair value for businesses and portfolios of financing receivables involves significant judgments and assumptions. Development of estimates of fair values in this circumstance is complex and is dependent upon, among other factors, the nature of the potential sales transaction (for example, asset sale versus sale of legal entity), composition of assets and/or businesses in the disposal group, the comparability of the disposal group to market transactions, negotiations with third party purchasers, etc. Such factors bear directly on the range of potential fair values and the selection of the best estimates. Key assumptions were developed based on market observable data and, in the absence of such data, internal information that is consistent with what market participants would use in a hypothetical transaction as of March 31, 2015.

We will review all businesses and assets held for sale each reporting period to determine whether the existing carrying amounts are fully recoverable in comparison to estimated fair values.

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Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2015

Fair Value Disclosures [Abstract]

Assets and liabilities at fair value

ASSETS AND LIABILITIES MEASURED AT FAIR VALUE ON A RECURRING BASIS
									Netting
(In millions)	Level 1		(a)	Level 2		(a)	Level 3		adjustment		(b)	Net balance
March 31, 2015
Assets
Investment securities
Debt
U.S. corporate	$	-		$	21,073		$	3,212	$	-		$	24,285
State and municipal		-			5,032			552		-			5,584
Residential mortgage-backed		-			1,222			3		-			1,225
Commercial mortgage-backed		-			2,595			2		-			2,597
Asset-backed		-			183			112		-			295
Corporate ̶ non-U.S.		13			640			397		-			1,050
Government ̶ non-U.S.		55			1,411			2		-			1,468
U.S. government and federal agency		-			4,824			291		-			5,115
Retained interests		-			-			17		-			17
Equity
Available-for-sale		177			15			6		-			198
Trading		19			-			-		-			19
Derivatives(c)		-			10,155			39		(8,184)			2,010
Total	$	264		$	47,150		$	4,633	$	(8,184)		$	43,863
Liabilities
Derivatives	$	-		$	5,445		$	12	$	(5,370)		$	87
Other		-			19			-		-			19
Total	$	-		$	5,464		$	12	$	(5,370)		$	106
December 31, 2014
Assets
Investment securities
Debt
U.S. corporate	$	-		$	20,659		$	3,128	$	-		$	23,787
State and municipal		-			5,171			578		-			5,749
Residential mortgage-backed		-			1,709			16		-			1,725
Commercial mortgage-backed		-			3,054			9		-			3,063
Asset-backed(d)		-			343			7,575		-			7,918
Corporate ̶ non-U.S.		-			680			455		-			1,135
Government ̶ non-U.S.		56			1,738			2		-			1,796
U.S. government and federal agency		-			1,747			266		-			2,013
Retained interests		-			-			17		-			17
Equity
Available-for-sale		231			14			9		-			254
Trading		21			-			-		-			21
Derivatives(c)		-			9,061			43		(7,400)			1,704
Total	$	308		$	44,176		$	12,098	$	(7,400)		$	49,182
Liabilities
Derivatives	$	-		$	4,298		$	15	$	(4,215)		$	98
Other		-			20			-		-			20
Total	$	-		$	4,318		$	15	$	(4,215)		$	118

(a)There were no securities transferred between Level 1 and Level 2 in the three months endedMarch 31, 2015. There were $487 million of Government – non-U.S. and $13 million of Corporate – non-U.S. available-for-sale debt securities transferred from Level 1 to Level 2 in the twelve months ended December 31, 2014 primarily attributable to changes in market observable data.

(b) The netting of derivative receivables and payables (including the effects of any collateral posted or received) is permitted when a legally enforceable master netting agreement exists.

(c)The fair value of derivatives includes an adjustment for non-performance risk. The cumulative adjustment was a gain (loss) of $5million and $8 million at March 31, 2015 and December 31, 2014, respectively. See Note 11 for additional information on the composition of our derivative portfolio.

(d) Includes investments in our CLL business in asset-backed securities collateralized by senior secured loans of high-quality, middle-market companies in a variety of industries.

Changes in level 3 instruments

CHANGES IN LEVEL 3 INSTRUMENTS FOR THE THREE MONTHS ENDED
																			Net
																			change in
			Net			Net													unrealized
			realized/			realized/													gains
			unrealized		unrealized														(losses)
			gains			gains													relating to
			(losses)		(losses)								Transfers		Transfers				instruments
	Balance at		included		included								into		out of		Balance at		still held at
(In millions)	January 1		in earnings(a)		in AOCI		Purchases		Sales		Settlements		Level 3(b)		Level 3(b)		March 31		March 31(c)
2015
Investment securities
Debt
U.S. corporate	$	3,128	$	8	$	61	$	92	$	(18)	$	(36)	$	-	$	(23)	$	3,212	$	-
State and municipal		578		-		-		7		(31)		(2)		-		-		552		-
RMBS		16		5		(4)		-		(14)		-		-		-		3		-
CMBS		9		-		-		-		(7)		-		-		-		2		-
ABS		7,575		-		160		140		(11)		(442)		-		(7,310)		112		-
Corporate – non-U.S.		455		-		(7)		252		(57)		(245)		-		(1)		397		-
Government – non-U.S.		2		-		-		-		-		-		-		-		2		-
U.S. government and
federal agency		266		-		26		-		-		(1)		-		-		291		-
Retained interests		17		-		-		1		-		(1)		-		-		17		-
Equity
Available-for-sale		9		2		(2)		-		-		(3)		-		-		6		-
Derivatives(d)(e)		37		-		2		(1)		-		-		-		(1)		37		-
Total	$	12,092	$	15	$	236	$	491	$	(138)	$	(730)	$	-	$	(7,335)	$	4,631	$	-
2014
Investment securities
Debt
U.S. corporate	$	2,918	$	8	$	63	$	153	$	(2)	$	(112)	$	96	$	(53)	$	3,071	$	-
State and municipal		96		-		27		9		-		(7)		435		-		560		-
RMBS		86		-		(1)		-		-		(4)		-		-		81		-
CMBS		10		-		-		-		-		(1)		2		-		11		-
ABS		6,898		1		(27)		405		-		(369)		-		-		6,908		-
Corporate – non-U.S.		666		1		14		220		(2)		(223)		-		-		676		-
Government – non-U.S.		31		-		-		-		-		-		-		(30)		1		-
U.S. government and
federal agency		225		-		9		-		-		-		-		(2)		232		-
Retained interests		21		-		-		1		-		(2)		-		-		20		-
Equity
Available-for-sale		11		-		-		-		-		-		-		-		11		-
Derivatives(d)(e)		20		3		-		(1)		-		(1)		-		-		21		9
Other		279		-		-		-		-		-		-		(279)		-		-
Total	$	11,261	$	13	$	85	$	787	$	(4)	$	(719)	$	533	$	(364)	$	11,592	$	9

(a) Earnings effects are primarily included in the “Revenues from services” and “Interest” captions in the Statement of Earnings (Loss).

(b)Transfers in and out of Level 3 are considered to occur at the beginning of the period. Transfers out of Level 3 for the three months ended March 31, 2015 were primarily a result of the reclassification of investments in our CLL business in asset-backed securities collateralized by senior secured loans of high-quality, middle-market companies in a variety of industries to assets of business held for sale. Transfers out of Level 3 for the three months ended March 31, 2014 were primarily a result of increased use of quotes from independent pricing vendors based on recent trading activity.

(c) Represents the amount of unrealized gains or losses for the period included in earnings.

(d) Represents derivative assets net of derivative liabilities and included cash accruals of $10 million and $6 million not reflected in the fair value hierarchy table for the three months endedMarch 31, 2015 and 2014, respectively.

(e) Gains (losses) included in net realized/unrealized gains (losses) included in earnings were offset by the earnings effects from the underlying items that were economically hedged. See Note 11.

Non-recurring fair value amounts (as measured at the time of the adjustment) for those assets remeasured to fair value on a non-recurring basis

	Remeasured during				Remeasured during
	the three months ended March 31, 2015				the year ended December 31, 2014
(In millions)	Level 2		Level 3		Level 2		Level 3
Financing receivables and financing receivables held for sale	$	-	$	41,644	$	49	$	808
Cost and equity method investments		-		2,142		2		387
Long-lived assets, including real estate		-		2,344		364		836
Total	$	-	$	46,130	$	415	$	2,031

Significant Unobservable Inputs Used For Level Three Recurring And Nonrecurring Measurements [Table Text Block]

	Three months ended March 31
(In millions)	2015		2014
Financing receivables and financing receivables held for sale	$	(4,000)	$	(119)
Cost and equity method investments		(1,461)		(205)
Long-lived assets, including real estate		(569)		(56)
Total	$	(6,030)	$	(380)

Fair value adjustments to assets measured on a non-recurring basis

LEVEL 3 MEASUREMENTS - SIGNIFICANT UNOBSERVABLE INPUTS
					Range
(Dollars in millions)	Fair value		Valuation technique	Unobservable inputs	(weighted average)
March 31, 2015
Recurring fair value measurements
Investment securities - Debt
U.S. corporate	$	1,015	Income approach	Discount rate(a)	1.7%-13.2% (6.7%)
State and municipal		456	Income approach	Discount rate(a)	2.8%-6.3% (4.8%)
Asset-backed		99	Income approach	Discount rate(a)	5.3%-9.0% (5.6%)
Corporate ̶ non-U.S.		333	Income approach	Discount rate(a)	0.2%-14.0% (5.6%)
Non-recurring fair value measurements
Financing receivables and
financing receivables held for sale	$	40,043	Income approach	Discount rate(a)	1.0%-30.0% (8.5%)
Cost and equity method investments		1,928	Market comparables	Price to book multiple	0.4X-1.0X (0.6X)
Long-lived assets, including real estate		381	Income approach	Capitalization rate(b)	4.5%-15.4% (7.6%)
December 31, 2014
Recurring fair value measurements
Investment securities - Debt
U.S. corporate	$	980	Income approach	Discount rate(a)	1.5%-14.8% (6.6%)
State and municipal		481	Income approach	Discount rate(a)	1.9%-5.9% (2.8%)
Asset-backed		7,554	Income approach	Discount rate(a)	2.2%-12.4% (5.0%)
Corporate ̶ non-U.S.		388	Income approach	Discount rate(a)	0.4%-14.0% (5.7%)
Non-recurring fair value measurements
Financing receivables and
financing receivables held for sale	$	82	Business enterprise	EBITDA multiple	4.3X-6.5X (6.2X)
			value
Cost and equity method investments		343	Income approach	Discount rate(a)	8.0%-10.0% (9.4%)
			Business enterprise value,Market comparables	EBITDA multiple	1.8X-10.5X (7.0X)
Long-lived assets, including real estate		666	Income approach	Discount rate(a)	2.0%-19.0% (6.8%)

(a) Discount rates are determined based on inputs that market participants would use when pricing investments, including credit and liquidity risk. An increase in the discount rate would result in a decrease in the fair value.

(b) Represents the rate of return on net operating income that is considered acceptable for an investor and is used to determine a property’s capitalized value. An increase in the capitalization rate would result in a decrease in the fair value.

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Supplemental Information About The Credit Quality Of Financing Receivables And Allowance For Losses On Financing Receivables (Credit Quality) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015 NumberOfCustomer	Dec. 31, 2014
Credit Quality Indicators
Loans and leases receivable, Gross	81,413	$ 222,296
Secured Financing Receivables Portfolio [Member] | Secured Credit Quality Indicator [Member]
Credit Quality Indicators
Loans and leases receivable, Gross	22,694	120,535
Secured Financing Receivables Portfolio [Member] | Risk Level, High [Member]
Credit Quality Indicators
Loans and leases receivable, Gross	22,124	115,747
Secured Financing Receivables Portfolio [Member] | Risk Level, Medium [Member]
Credit Quality Indicators
Loans and leases receivable, Gross	428	2,320
Secured Financing Receivables Portfolio [Member] | Risk Level, Low [Member]
Credit Quality Indicators
Loans and leases receivable, Gross	142	2,468
US Consumer [Member]
Credit Quality Indicators
Number Of Consumer Financing Receivable Customers Across US Including Private Label Credit Card And Sales Financing	60,000,000
Percentage Of US Consumer Financing Receivables Related To Sales Finance Receivables	34.00%
Commercial [Member]
Credit Quality Indicators
Loans and leases receivable, Gross	23,165	121,476
Commercial [Member] | Secured Financing Receivables Portfolio [Member] | Secured Credit Quality Indicator [Member]
Credit Quality Indicators
Loans and leases receivable, Gross	127	130
Commercial [Member] | Secured Financing Receivables Portfolio [Member] | Risk Level, High [Member]
Credit Quality Indicators
Loans and leases receivable, Gross	127	130
Commercial [Member] | Secured Financing Receivables Portfolio [Member] | Risk Level, Medium [Member]
Credit Quality Indicators
Loans and leases receivable, Gross	0	0
Commercial [Member] | Secured Financing Receivables Portfolio [Member] | Risk Level, Low [Member]
Credit Quality Indicators
Loans and leases receivable, Gross	0	0
Commercial [Member] | Unsecured Financing Receivables Portfolio [Member] | Risk Level, High [Member]
Credit Quality Indicators
Loans and leases receivable, Gross	181	332
Commercial [Member] | Unsecured Financing Receivables Portfolio [Member] | Risk Level, Medium [Member]
Credit Quality Indicators
Loans and leases receivable, Gross	290	408
Commercial [Member] | Unsecured Financing Receivables Portfolio [Member] | Risk Level, Low [Member]
Credit Quality Indicators
Loans and leases receivable, Gross		201
Energy Financial Services [Member]
Credit Quality Indicators
Loans and leases receivable, Gross	2,666	2,580
Energy Financial Services [Member] | Secured Financing Receivables Portfolio [Member] | Secured Credit Quality Indicator [Member]
Credit Quality Indicators
Loans and leases receivable, Gross	2,549	2,555
Energy Financial Services [Member] | Secured Financing Receivables Portfolio [Member] | Risk Level, High [Member]
Credit Quality Indicators
Loans and leases receivable, Gross	2,378	2,479
Energy Financial Services [Member] | Secured Financing Receivables Portfolio [Member] | Risk Level, Medium [Member]
Credit Quality Indicators
Loans and leases receivable, Gross	171	60
Energy Financial Services [Member] | Secured Financing Receivables Portfolio [Member] | Risk Level, Low [Member]
Credit Quality Indicators
Loans and leases receivable, Gross	0	16
GE Capital Aviation Services (GECAS)
Credit Quality Indicators
Loans and leases receivable, Gross	7,817	8,263
GE Capital Aviation Services (GECAS) | Secured Financing Receivables Portfolio [Member] | Secured Credit Quality Indicator [Member]
Credit Quality Indicators
Loans and leases receivable, Gross	7,817	8,263
GE Capital Aviation Services (GECAS) | Secured Financing Receivables Portfolio [Member] | Risk Level, High [Member]
Credit Quality Indicators
Loans and leases receivable, Gross	7,488	7,908
GE Capital Aviation Services (GECAS) | Secured Financing Receivables Portfolio [Member] | Risk Level, Medium [Member]
Credit Quality Indicators
Loans and leases receivable, Gross	229	237
GE Capital Aviation Services (GECAS) | Secured Financing Receivables Portfolio [Member] | Risk Level, Low [Member]
Credit Quality Indicators
Loans and leases receivable, Gross	100	118
Total CLL [Member]
Credit Quality Indicators
Loans and leases receivable, Gross	12,555	110,503
Total CLL [Member] | Secured Financing Receivables Portfolio [Member] | Secured Credit Quality Indicator [Member]
Credit Quality Indicators
Loans and leases receivable, Gross	12,201	109,587
Total CLL [Member] | Secured Financing Receivables Portfolio [Member] | Risk Level, High [Member]
Credit Quality Indicators
Loans and leases receivable, Gross	12,131	105,230
Total CLL [Member] | Secured Financing Receivables Portfolio [Member] | Risk Level, Medium [Member]
Credit Quality Indicators
Loans and leases receivable, Gross	28	2,023
Total CLL [Member] | Secured Financing Receivables Portfolio [Member] | Risk Level, Low [Member]
Credit Quality Indicators
Loans and leases receivable, Gross	42	2,334
Consumer [Member]
Credit Quality Indicators
Loans and leases receivable, Gross	58,248	100,820
Consumer [Member] | US installment and revolving credit [Member]
Credit Quality Indicators
Percentage of customers with no metropolitan statistical area	5.00%
Percentage Of US Consumer Financing Receivables Related To Credit Cards Loans	66.00%
Consumer [Member] | US installment and revolving credit [Member] | Score 661 or Higher
Credit Quality Indicators
Loans and leases receivable, Gross	40,761	43,466
Consumer [Member] | US installment and revolving credit [Member] | Score 601 to 660
Credit Quality Indicators
Loans and leases receivable, Gross	11,681	11,865
Consumer [Member] | US installment and revolving credit [Member] | Score 600 or Less
Credit Quality Indicators
Loans and leases receivable, Gross	4,486	4,532
Consumer Other [Member] | Risk Level, High [Member]
Credit Quality Indicators
Loans and leases receivable, Gross	1,038	5,006
Consumer Other [Member] | Risk Level, Medium [Member]
Credit Quality Indicators
Loans and leases receivable, Gross	114	276
Consumer Other [Member] | Risk Level, Low [Member]
Credit Quality Indicators
Loans and leases receivable, Gross	168	$ 382

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Businesses Held for Sale, Financing Receivables Held for Sale and Discontinued Operations (Discontinued Operations) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Operations
Interest	$ 1,651	$ 1,887
Provision for Loan and Lease Losses	4,859	984
Disposal
Earnings (loss) from discontinued operations, net of taxes (Note 2)	(2,201)	252
Assets
Cash and cash equivalents	259		320
Other assets	10,148		13,026
Assets of discontinued operations	31,252		36,785
Goodwill	19,639		24,489
Investments	41,853		47,478
Liabilities
All other liabilities	1,010		845
Liabilities of discontinued operations	1,951		2,139
Short-term borrowings	66,178		68,515
Accounts Payable, Current	4,960		5,632
Discontinued Operations [Member]
Operations
Total revenues (loss)	500	660
Earnings (loss) from discontinued operations before income taxes	31	123
Benefit (provision) for income taxes	122	110
Earnings (loss) from discontinued operations, net of taxes	153	233
Disposal
Gain (loss) on disposal before income taxes	(1,808)	18
Benefit (provision) for income taxes	(546)	1
Gain (loss) on disposal, net of taxes	(2,354)	19
Earnings (loss) from discontinued operations, net of taxes (Note 2)	(2,201)	252
Assets
Cash and cash equivalents	259		320
Financing Receivables - net	19,348		19,636
Property, plant and equipment - net	137		141
Other assets	10,148		13,026
other receivables	411		413
Goodwill	440		537
other intangible assets	93		109
deferred income tax asset	1,425		1,755
Investments	799		848
Valuation allowance on disposal group	(1,808)		0
Liabilities
Deferred income taxes	184		238
All other liabilities	1,010		845
Long-term borrowings	188		234
Short-term borrowings	20		273
Accounts Payable, Current	465		549
Other current liabilities	84		0
Held for sale [Member]
Assets
Cash and cash equivalents	1,560		676
Financing Receivables - net	31,318		2,144
Property, plant and equipment - net	7,130		37
Other assets	2,597		50
Assets of discontinued operations	53,598		3,474
Investments	7,720		448
Valuation allowance on disposal group	(1,845)
Liabilities
All other liabilities	1,636		92
Liabilities of discontinued operations	6,334		2,434
Long-term borrowings	230		0
Short-term borrowings	836		435
Real Estate [Member]
Disposal
Earnings (loss) from discontinued operations, net of taxes (Note 2)	(1,765)	138
Real Estate [Member] | Discontinued Operations [Member]
Operations
Total revenues (loss)	499	630
Interest	(237)	(273)
Operating and administrative	(164)	(149)
Depreciation and amortization	(60)	(86)
Provision for Loan and Lease Losses	4	15
Earnings (loss) from discontinued operations before income taxes	42	137
Benefit (provision) for income taxes	30	103
Earnings (loss) from discontinued operations, net of taxes	72	240
Disposal
Gain (loss) on disposal before income taxes	(1,808)	0
Benefit (provision) for income taxes	(546)	0
Gain (loss) on disposal, net of taxes	(2,354)	0
Earnings (loss) from discontinued operations, net of taxes (Note 2)	$ (2,282)	$ 240

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Goodwill and Other Intangible Assets (Goodwill) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Goodwill [Line Items]
Goodwill, Period Increase (Decrease)	$ 4,850
Total CLL [Member]
Goodwill [Line Items]
Implied Fair Value Of Goodwill Exceeding Carrying Value Of Goodwill		4,457
Consumer [Member] | ANZ Consumer Lending [Member]
Goodwill [Line Items]
Implied Fair Value Of Goodwill Exceeding Carrying Value Of Goodwill	$ 410

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Financial Instruments (Derivatives and hedging) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	$ 227,000
Cumulative gain (loss) adjustment for non performance risk	5	8
Excess Collateralization	118	57
Excess Collateral Posted	255	211
Excess Securities Collateral Held	192	305
Recognized In Statement Of Financial Position [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	11,141	10,502
Derivative liabilities	5,426	4,295
Amounts Offset In Statement Of Financial Position [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	(8,184)	(7,400)
Derivative liabilities	(5,370)	(4,215)
Netting Adjustment [Member] | Amounts Offset In Statement Of Financial Position [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	(4,872)	(3,705)
Derivative liabilities	(4,877)	(3,713)
Cash Collateral [Member] | Amounts Offset In Statement Of Financial Position [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	(3,312)	(3,695)
Derivative liabilities	(493)	(502)
Securities Pledged as Collateral [Member] | Not Offset In Statement Of Financial Position [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	(2,148)	(3,083)
Derivative liabilities	0	0
Derivatives Accounted For As Hedges [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	9,260	8,294
Derivative liabilities	1,639	1,240
Derivatives Not Accounted For As Hedges [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	934	810
Derivative liabilities	3,818	3,073
Derivatives Associated With Interest Rate, Currency Or Market Risk Reduction Or Elimination [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	223,000
Percentage Of Notional Amount That Is Associated With Reducing Or Eliminating Interest Rate, Currency, Or Market Risk	98.00%
Gross Derivatives [Member] | Recognized In Statement Of Financial Position [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	10,194	9,104
Derivative liabilities	5,457	4,313
Gross Accrued Interest [Member] | Recognized In Statement Of Financial Position [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	947	1,398
Derivative liabilities	(31)	(18)
Net Derivative [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	809	19
Derivative liabilities	56	80
Net Derivative [Member] | Recognized In Statement Of Financial Position [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	2,957	3,102
Derivative liabilities	56	80
Interest Rate Contract [Member] | Derivatives Accounted For As Hedges [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	6,106	5,859
Derivative liabilities	241	461
Interest Rate Contract [Member] | Derivatives Not Accounted For As Hedges [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	152	186
Derivative liabilities	137	141
Foreign Exchange Contract [Member] | Derivatives Accounted For As Hedges [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	3,154	2,435
Derivative liabilities	1,398	779
Foreign Exchange Contract [Member] | Derivatives Not Accounted For As Hedges [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	728	598
Derivative liabilities	3,667	2,910
Other Contract [Member] | Derivatives Accounted For As Hedges [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	0	0
Derivative liabilities	0	0
Other Contract [Member] | Derivatives Not Accounted For As Hedges [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	54	26
Derivative liabilities	$ 14	$ 22

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Consolidated Statement of Earnings (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Revenues
Revenues from services (a) (Note 9)	$ 5,964	$ 9,864
Other-than-temporary impairment on investment securities:
Total other-than-temporary impairment on investment securities	(3)	(10)
Less other-than-temporary impairment recognized in accumulated other comprehensive income	0	4
Net other-than-temporary impairment on investment securities recognized in earnings	(3)	(6)
Revenues from services (Note 9)	5,961	9,858
Sales of goods	21	27
Total revenues	5,982	9,885
Costs and expenses
Interest	1,651	1,887
Operating and administrative	3,194	2,811
Cost of goods sold	18	25
Investment contracts, insurance losses and insurance annuity benefits	644	643
Provision for losses on financing receivables (Note 4)	4,859	984
Depreciation and amortization	1,917	1,530
Total costs and expenses	12,283	7,880
Earnings (loss) from continuing operations before income taxes	(6,301)	2,005
Benefit (provision) for income taxes (Note 7)	(6,152)	(301)
Earnings from continuing operations	(12,453)	1,704
Earnings (loss) from discontinued operations, net of taxes (Note 2)	(2,201)	252
Net earnings (loss)	(14,654)	1,956
Less net earnings (loss) attributable to noncontrolling interests	91	11
Net earnings (loss) attributable to GECC	(14,745)	1,945
Net earnings (loss) attributable to GECC common shareowner	(14,745)	1,945
Amounts attributable to GECC common shareowner
Earnings from continuing operations	(12,453)	1,704
Less net earnings (loss) attributable to noncontrolling interests	91	11
Earnings from continuing operations attributable to GECC	(12,544)	1,693
Earnings (loss) from continuing operations attributable to GECC common shareowner	(12,544)	1,693
Earnings (loss) from discontinued operations, net of taxes	(2,201)	252
Net earnings (loss) attributable to GECC common shareowner	$ (14,745)	$ 1,945

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Investment Securities (Investments, by type and length in continuous loss position) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Available-for-sale Securities Estimated Fair Value And Gross Unrealized Losses [Abstract]
Estimated fair value, less than 12 months	$ 3,250		$ 9,761
Gross unrealized losses, less than 12 months	(28)		(180)
Estimated fair value, 12 months or more	701		1,642
Gross unrealized losses, 12 months or more	(103)		(140)
Percent Of Gross Unrealized Losses, 12 Months Or More, Considered Investment Grade	70.00%
OTTI Previously Recognized Through OCI On Securities Held, Gross Unrealized Losses	0
Incremental credit loss impairments recognized on securities previously impaired	0	1
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Additions, No Previous Impairment	0	0
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Reductions, Securities Sold	4	51
US Corporate
Available-for-sale Securities Estimated Fair Value And Gross Unrealized Losses [Abstract]
Estimated fair value, less than 12 months	820		554
Gross unrealized losses, less than 12 months	(22)		(16)
Estimated fair value, 12 months or more	295		836
Gross unrealized losses, 12 months or more	(30)		(53)
State and municipal
Available-for-sale Securities Estimated Fair Value And Gross Unrealized Losses [Abstract]
Estimated fair value, less than 12 months	206		81
Gross unrealized losses, less than 12 months	(2)		(1)
Estimated fair value, 12 months or more	203		348
Gross unrealized losses, 12 months or more	(48)		(55)
Residential Mortgage Backed Securities
Available-for-sale Securities Estimated Fair Value And Gross Unrealized Losses [Abstract]
Estimated fair value, less than 12 months	127		30
Gross unrealized losses, less than 12 months	(1)		0
Estimated fair value, 12 months or more	97		159
Gross unrealized losses, 12 months or more	(3)		(6)
Residential Mortgage Backed Securities | Mortgage-backed Securities, Issued by Private Enterprises [Member] | Residential Mortgage Backed Securities [Member]
Available-for-sale Securities Estimated Fair Value And Gross Unrealized Losses [Abstract]
Debt securities, Estimated fair value	34
Residential Mortgage Backed Securities | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Residential Mortgage Backed Securities [Member]
Available-for-sale Securities Estimated Fair Value And Gross Unrealized Losses [Abstract]
Debt securities, Estimated fair value	1,191
Mortgage-backed Securities, Residential, Subprime, Financing Receivable [Member] | Residential Mortgage Backed Securities [Member]
Available-for-sale Securities Estimated Fair Value And Gross Unrealized Losses [Abstract]
Debt securities, Estimated fair value	65
Commercial mortgage backed
Available-for-sale Securities Estimated Fair Value And Gross Unrealized Losses [Abstract]
Estimated fair value, less than 12 months	101		165
Gross unrealized losses, less than 12 months	0		(1)
Estimated fair value, 12 months or more	26		204
Gross unrealized losses, 12 months or more	(5)		(9)
Asset-backed
Available-for-sale Securities Estimated Fair Value And Gross Unrealized Losses [Abstract]
Estimated fair value, less than 12 months	58		7,493
Gross unrealized losses, less than 12 months	0		(158)
Estimated fair value, 12 months or more	77		77
Gross unrealized losses, 12 months or more	(17)		(17)
Corporate non US
Available-for-sale Securities Estimated Fair Value And Gross Unrealized Losses [Abstract]
Estimated fair value, less than 12 months	27		42
Gross unrealized losses, less than 12 months	(1)		(1)
Estimated fair value, 12 months or more	2		3
Gross unrealized losses, 12 months or more	0		0
Government - non-U.S.
Available-for-sale Securities Estimated Fair Value And Gross Unrealized Losses [Abstract]
Estimated fair value, less than 12 months	403		677
Gross unrealized losses, less than 12 months	(1)		(2)
Estimated fair value, 12 months or more	0		14
Gross unrealized losses, 12 months or more	0		0
U.S. Government and federal agency
Available-for-sale Securities Estimated Fair Value And Gross Unrealized Losses [Abstract]
Estimated fair value, less than 12 months	1,497		705
Gross unrealized losses, less than 12 months	0		0
Estimated fair value, 12 months or more	1		1
Gross unrealized losses, 12 months or more	0		0
Retained Interest [Member]
Available-for-sale Securities Estimated Fair Value And Gross Unrealized Losses [Abstract]
Estimated fair value, less than 12 months	0		0
Gross unrealized losses, less than 12 months	0		0
Estimated fair value, 12 months or more	0		0
Gross unrealized losses, 12 months or more	0		0
Equity Securities [Member]
Available-for-sale Securities Estimated Fair Value And Gross Unrealized Losses [Abstract]
Estimated fair value, less than 12 months	11		14
Gross unrealized losses, less than 12 months	(1)		(1)
Estimated fair value, 12 months or more	0		0
Gross unrealized losses, 12 months or more	$ 0		$ 0

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Consolidated Statement of Financial Position (Parenthetical) (USD $) In Millions, except Share data, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Balance Sheet Related Disclosures [Abstract]
Accumulated amortization	$ 22,363	$ 27,606
Preferred Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized	750,000	750,000
Preferred Stock, Shares Issued	50,000	50,000
Preferred Stock, Shares Outstanding	50,000	50,000
Common Stock, Par or Stated Value Per Share	$ 14	$ 14
Common Stock, Shares Authorized	4,166,000	4,166,000
Common Stock, Shares, Issued	1,000	1,000
Common Stock, Shares, Outstanding	1,000	1,000
Assets of consolidated variable interest entities that can only be used to settle the liabilities of those VIEs	48,303
Net financing receivables of certain VIEs that can only be used to settle the liabilities of those VIEs	27,831
Investment securities of certain VIEs that can only be used to settle the liabilities of those VIEs	3,290
Nonrecourse Borrowings Of Consolidated Securitization Entities Where VIE Creditors Do Not Have Recourse To Company	27,561
Sum of accumulated other comprehensive income - net	(2,175)	(577)
Accumulated other comprehensive income - net attributable to noncontrolling interests	(187)	(154)
Net Financing Receivables HFS of Certain VIEs	$ 14,171

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Income Taxes (Unrecognized Tax Benefits Reconciliation) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Income Tax Disclosure [Line Items]
Unrecognized Tax Benefits	$ 3,055
Unrecognized Tax Benefits	2,961
Deferred Income Tax Expense (Benefit)	2,080	(1,688)
Income Tax Expense (Benefit)	6,152	301
Restructuring charges
Income Tax Disclosure [Line Items]
Deferred Income Tax Expense (Benefit)	2,431
Income Tax Expense (Benefit)	5,980
Income tax reconciliation repatriation of foreign earnings	3,549
Foreign cash in excess of normal operating	$ 36,000

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Supplemental Information About The Credit Quality Of Financing Receivables And Allowance For Losses On Financing Receivables (Tables)

3 Months Ended

Mar. 31, 2015

Credit Quality Financing Receivables [Abstract]

Nonaccrual Financing Receivables

PAST DUE AND NONACCRUAL FINANCING RECEIVABLES
		March 31, 2015									December 31, 2014
		Over 30 days			Over 90 days						Over 30 days			Over 90 days
(In millions)		past due			past due			Nonaccrual			past due			past due			Nonaccrual
Commercial
CLL	$	636		$	137		$	25		$	1,986		$	1,033		$	2,000
Energy Financial Services		10			-			63			-			-			68
GECAS		-			-			255			-			-			419
Total Commercial		646			137			343	(a)		1,986			1,033			2,487	(a)
Consumer		2,209			1,056	(b)		2	(c)		5,137			2,495	(b)		1,484	(c)
Total	$	2,855		$	1,193		$	345		$	7,123		$	3,528		$	3,971
Total as a percent of financing receivables		3.5	%		1.5	%		0.4	%		3.2	%		1.6	%		1.8	%

(a)Included $321 million and $1,549 million at March 31, 2015 and December 31, 2014, respectively, which are currently paying in accordance with their contractual terms.

(b)Included $1,054 million and $1,231million of Consumer loans at March 31, 2015 and December 31, 2014, respectively, which are over 90 days past due and continue to accrue interest until the accounts are written off in the period that the account becomes 180 days past due.

(c)Included none and $179 million at March 31, 2015 and December 31, 2014, respectively, which are currently paying in accordance with their contractual terms.

Impaired Loans

IMPAIRED LOANS AND RELATED RESERVES
	With no specific allowance						With a specific allowance
	Recorded		Unpaid		Average		Recorded		Unpaid					Average
	investment		principal		investment		investment		principal			Associated		investment
(In millions)	in loans		balance		in loans		in loans		balance			allowance(a)		in loans
March 31, 2015
Commercial
CLL	$	8	$	8	$	1,150	$	6	$	6		$	5	$	206
Energy Financial Services		54		55		53		9		9			-		12
GECAS		170		175		250		-		-			-		-
Other		-		-		-		-		-			-		-
Total Commercial(b)		232		238		1,453		15		15			5		218
Consumer(c)		-		-		69		726		625	(d)		244		1,383
Total	$	232	$	238	$	1,522	$	741	$	640		$	249	$	1,601
December 31, 2014
Commercial
CLL	$	2,292	$	4,397	$	2,725	$	406	$	1,125		$	133	$	717
Energy Financial Services		53		54		26		15		15			12		24
GECAS		329		337		88		-		-			-		15
Other		-		-		-		-		-			-		1
Total Commercial(b)		2,674		4,788		2,839		421		1,140			145		757
Consumer(c)		138		179		120		2,042		2,092			408		2,547
Total	$	2,812	$	4,967	$	2,959	$	2,463	$	3,232		$	553	$	3,304

(a)Write-offs to net realizable value are recognized against the allowance for losses primarily in the reporting period in which management has deemed all or a portion of the financing receivable to be uncollectible, but not later than 360 days after initial recognition of a specific reserve for a collateral dependent loan.

(b)We recognized $6 million, $178 million and $57millionof interest income, including none on a cash basis, in the three months endedMarch 31, 2015, the year ended December 31, 2014 and the three months endedMarch 31, 2014, respectively, principally in CLL. The total average investment in impaired loans for the three months endedMarch 31, 2015 and the year ended December 31, 2014 was $1,671 million and $3,596million, respectively.

(c)We recognized $23 million, $126 million and $46million of interest income, including $1 million, $5 million and an insignificant amount on a cash basis, in the three months endedMarch 31, 2015, the year ended December 31, 2014 and the three months endedMarch 31, 2014, respectively. The total average investment in impaired loans for the three months endedMarch 31, 2015 and the year ended December 31, 2014 was $1,452 million and $2,667 million, respectively.

(d)Unpaid principal balance excludes accrued interest and fees.

Financing Receivables And Allowance For Losses

(In millions)	Non-impaired financing receivables		General reserves		Impaired loans		Specific reserves
March 31, 2015
Commercial	$	22,918	$	89	$	247	$	5
Consumer		57,522		3,011		726		244
Total	$	80,440	$	3,100	$	973	$	249
December 31, 2014
Commercial	$	118,381	$	758	$	3,095	$	145
Consumer		98,640		3,603		2,180		408
Total	$	217,021	$	4,361	$	5,275	$	553

Schedule Of Impaired Loan Balance Classified To Measure Impairment [Table Text Block]

IMPAIRED LOAN BALANCE CLASSIFIED BY THE METHOD USED TO MEASURE IMPAIRMENT
(In millions)	March 31, 2015		December 31, 2014
Discounted cash flow	$	834	$	3,915
Collateral value		139		1,360
Total	$	973	$	5,275

Commercial Financing Receivable By Risk Factors

COMMERCIAL FINANCING RECEIVABLES BY RISK CATEGORY
	Secured
(In millions)	A		B		C		Total
March 31, 2015
CLL	$	12,131	$	28	$	42	$	12,201
Energy Financial Services		2,378		171		-		2,549
GECAS		7,488		229		100		7,817
Other		127		-		-		127
Total	$	22,124	$	428	$	142	$	22,694
December 31, 2014
CLL	$	105,230	$	2,023	$	2,334	$	109,587
Energy Financial Services		2,479		60		16		2,555
GECAS		7,908		237		118		8,263
Other		130		-		-		130
Total	$	115,747	$	2,320	$	2,468	$	120,535

Supplemental Information About Credit Quality Of Financing Receivables And Allowance For Losses On Financing Receivables [Line Items]

Credit Quality Indicators

	Refreshed FICO score
	March 31, 2015						December 31, 2014
	661 or		601 to		600 or		661 or		601 to		600 or
(in millions)	higher		660		less		higher		660		less
U.S. installment and
revolving credit	$	40,761	$	11,681	$	4,486	$	43,466	$	11,865	$	4,532

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Revenues from Services (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015		Mar. 31, 2014	Dec. 31, 2014
Subsidiary Revenue From Services [Line Items]
Interest On Loans	$ 3,807		$ 4,029
Equipment leased to others	2,427		2,661
Fees	1,048		1,086
Investment Income	622		558
Financing leases	307		387
Associated companies	388		373
Premiums earned by insurance activities	329		352
Real estate investments	0		0
Other items	(2,967)		412
Revenues from services (Note 9)	5,961		9,858
Assets	476,460	[1]		501,405	[1]
Financing Receivable, Net	78,064			217,382
Liabilities	402,761	[1]		411,007	[1]
Deposits	62,691			62,839
Revenues	5,982		9,885
Restructuring charges
Subsidiary Revenue From Services [Line Items]
Gain (Loss) on Disposition of Business	1,845
Impairment of equity method investment	1,404
Significant associated companies [Member]
Subsidiary Revenue From Services [Line Items]
Assets	66,581			78,632
Financing Receivable, Net	36,538			46,481
Liabilities	48,166			57,273
Deposits	2,085			1,853
Debt	39,770			39,147
Revenues	3,220		3,544
Net earnings	$ 299		$ 437

[1] (a) Our consolidated assets at March 31, 2015 included total assets of $48,303million 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 $27,831 million, financing receivables held for sale of $14,171 millionand investment securities of $3,290 million. Our consolidated liabilities at March 31, 2015 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 $27,561 million. See Note 12.

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Summary of Significant Accounting Policies (Policy)

3 Months Ended

Mar. 31, 2015

Accounting Policies [Abstract]

Businesses and Assets Held for Sale Policy

summary of significant accounting policies

We utilized significant estimates in the preparation of the first quarter financial statements.

In addition to the discussion below on estimates used to determine the fair value of businesses and assets held for sale, please refer to the Critical Accounting Estimates section within MD&A and Note 1, Basis of Presentation and Summary of Significant Accounting Policies, to the consolidated financial statements of our 2014 Form 10-K Report for a summary of our significant accounting policies and the critical accounting estimates we use to: assess the recoverability of assets such as financing receivables and goodwill; determine the fair value of financial assets; and determine our provision for income taxes and recoverability of deferred tax assets.

BUSINESSES AND ASSETS HELD FOR SALE

Businesses held for sale represent components that meet accounting requirements to be classified as held for sale and are presented as single asset and liability amounts in our financial statements with a valuation allowance, if necessary, to recognize the net carrying amount at the lower of cost or fair value, less cost to sell. Financing receivables that no longer qualify to be presented as held for investment must be classified as held for sale and recognized in our financial statements at the lower of cost or fair value, less cost to sell, with that amount representing a new cost basis at the date of transfer.

As a result of the GE Capital Exit Plan, certain GECC businesses met the criteria to be classified as businesses held for sale and certain financing receivables were required to be recognized as held for sale at March 31, 2015.

The determination of fair value for businesses and portfolios of financing receivables involves significant judgments and assumptions. Development of estimates of fair values in this circumstance is complex and is dependent upon, among other factors, the nature of the potential sales transaction (for example, asset sale versus sale of legal entity), composition of assets and/or businesses in the disposal group, the comparability of the disposal group to market transactions, negotiations with third party purchasers, etc. Such factors bear directly on the range of potential fair values and the selection of the best estimates. Key assumptions were developed based on market observable data and, in the absence of such data, internal information that is consistent with what market participants would use in a hypothetical transaction as of March 31, 2015.

We will review all businesses and assets held for sale each reporting period to determine whether the existing carrying amounts are fully recoverable in comparison to estimated fair values.

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Operating Segment Table - MD&A (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Segment Reporting Information [Line Items]
Revenues	$ 5,982	$ 9,885
Income Tax Expense (Benefit)	6,152	301
Interest On Loans	3,807	4,029
Earnings (loss) from discontinued operations, net of taxes	(2,201)	252
Earnings (loss) from continuing operations attributable to GECC common shareowner	(12,544)	1,693
Net Income (Loss) Available to Common Stockholders, Basic	(14,745)	1,945
Variance in revenues	(39.00%)
Variance in Earnings From Discontinued Operations Fav Unfav	U
Variance In Earnings Loss From Continuing Operations Fav Unfav	U
Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	5,181	8,998
Segment profit	(6,280)	1,855
Variance in revenues	(42.00%)
Variance In Segment Profit FavUnfav	U
Total CLL [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	1,556	3,582
Segment profit	(3,847)	564
Variance in revenues	(57.00%)
Variance In Segment Profit FavUnfav	U
Consumer [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	2,058	3,602
Segment profit	(2,775)	786
Variance in revenues	(43.00%)
Variance In Segment Profit FavUnfav	U
Energy Financial Services [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	285	469
Segment profit	35	153
Variance in revenues	(39.00%)
Variance in segment profit	(77.00%)
GECAS [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	1,282	1,345
Segment profit	307	352
Variance in revenues	(5.00%)
Variance in segment profit	(13.00%)
Corporate Items And Eliminations [Member] | Intersegment [Member]
Segment Reporting Information [Line Items]
Revenues	801	887
Segment profit	$ (6,264)	$ (162)
Variance in revenues	(10.00%)

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Businesses Held for Sale, Financing Receivables Held for Sale and Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2015

Assets and Liabilities of Businesses Held For Sale and Discontinued Operations [Abstract]

Businesses held for sale

FINANCIAL INFORMATION FOR ASSETS AND LIABILITIES OF BUSINESSES HELD FOR SALE
(In millions)	March 31, 2015		December 31, 2014
Assets
Cash and equivalents	$	1,560	$	676
Investment securities		7,720		448
Financing receivables – net		31,318		2,144
Property, plant and equipment – net		7,130		37
Goodwill		4,973		106
Other intangible assets – net		145		13
Other		2,597		50
Valuation allowance on disposal group classified as held for sale		(1,845)		-
Assets of businesses held for sale	$	53,598	$	3,474
Liabilities
Short-term borrowings	$	836	$	435
Accounts payable		747		4
Other current liabilities		919		3
Bank deposits		1,711		1,931
Long-term borrowings		230		-
Deferred income taxes		255		(31)
Other		1,636		92
Liabilities of businesses held for sale	$	6,334	$	2,434

FINANCING RECEIVABLES HELD FOR SALE
(in millions)	March 31, 2015			December 31, 2014
Commercial
CLL	$	65,974		$	1,409
Energy Financial Services		-			35
GE Capital Aviation Services (GECAS)		259			27
Total Commercial		66,233	(a)		1,471
Consumer		26,726	(b)		359
Total financing receivables held for sale	$	92,959		$	1,830

• Over 30 days past due and nonaccrual financing receivables related to commercial financing receivables held for sale were $993 million and $1,401 million respectively.
• Over 30 days past due and nonaccrual financing receivables related to consumer financing receivables held for sale were $1,757 million and $1,109 million, respectively.

Financial Information for Discontinued Operations [Line Items]

Rollfoward of WMC's reserve and pending claims for WMC representation and warranty obligations

ROLLFORWARD OF THE RESERVE
	Three months ended March 31
(In millions)		2015		2014
Balance, beginning of period	$	809	$	800
Provision		7		-
Claim resolutions / rescissions		(2)		(250)
Balance, end of period	$	814	$	550

Financial Information

FINANCIAL INFORMATION FOR DISCONTINUED OPERATIONS
	Three months ended March 31
(In millions)	2015		2014
Operations
Total revenues (loss)	$	500	$	660
Earnings (loss) from discontinued operations before income taxes	$	31	$	123
Benefit (provision) for income taxes		122		110
Earnings (loss) from discontinued operations, net of taxes	$	153	$	233
Disposal
Gain (loss) on disposal before income taxes	$	(1,808)	$	18
Benefit (provision) for income taxes		(546)		1
Gain (loss) on disposal, net of taxes	$	(2,354)	$	19
Earnings (loss) from discontinued operations, net of taxes	$	(2,201)	$	252

(In millions)	March 31, 2015		December 31, 2014
Assets
Cash and equivalents	$	259	$	320
Investment securities		799		848
Financing receivables – net		19,348		19,636
Other receivables		411		413
Property, plant and equipment – net		137		141
Goodwill		440		537
Other intangible assets – net		93		109
Deferred income taxes		1,425		1,755
Other		10,148		13,026
Valuation allowance on disposal group classified as discontinued operations		(1,808)		-
Assets of discontinued operations	$	31,252	$	36,785
Liabilities
Short-term borrowings	$	20	$	273
Accounts payable		465		549
Other current liabilities		84		-
Long-term borrowings		188		234
Deferred income taxes		184		238
Other		1,010		845
Liabilities of discontinued operations	$	1,951	$	2,139

FINANCIAL INFORMATION FOR REAL ESTATE
	Three months ended March 31
(In millions)		2015		2014
Operations
Total revenues (loss)	$	499	$	630
Interest	$	(237)	$	(273)
Operating and administrative		(164)		(149)
Depreciation and amortization		(60)		(86)
Provision for losses on financing receivables		4		15
Earnings (loss) from discontinued operations, before income taxes		42		137
Benefit (provision) for income taxes		30		103
Earnings (loss) from discontinued operations, net of taxes	$	72	$	240
Disposal
Gain (loss) on disposal before income taxes	$	(1,808)	$	-
Benefit (provision) for income taxes		(546)		-
Gain (loss) on disposal, net of taxes	$	(2,354)	$	-
Earnings (loss) from discontinued operations, net of taxes(a)	$	(2,282)	$	240

(a)Earnings (loss) from discontinued operations attributable to the Company, before income taxes, was $(1,765)million and $138million for the three months ended March 31, 2015 and 2014, respectively.

FINANCIAL INFORMATION FOR WMC
	Three months ended March 31
(In millions)		2015		2014
Total revenues (loss)	$	-	$	4
Earnings (loss) from discontinued operations, net of taxes	$	(6)	$	(2)

XML

Fair Value Measurements (Non-Recurring) (Details) (Fair value adjustments, Non-recurring [Member], USD $) In Millions, unless otherwise specified	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cost and equity method investments	$ (1,461)	$ (205)
Long-lived assets, including real estate	(569)	(56)
Financing receivables and loans held for sale	(4,000)	(119)
Assets Fair Value Disclosure	(6,030)	(380)
Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cost and equity method investments	0		2
Long-lived assets, including real estate	0		364
Financing receivables and loans held for sale	0		49
Assets Fair Value Disclosure	0		415
Fair Value, Inputs, Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cost and equity method investments	2,142		387
Long-lived assets, including real estate	2,344		836
Financing receivables and loans held for sale	41,644		808
Assets Fair Value Disclosure	$ 46,130		$ 2,031

XML

Consolidated Statement of Cash Flows (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Cash flows - operating activities
Net earnings	$ (14,654)	$ 1,956
Less net earnings (loss) attributable to noncontrolling interests	91	11
Net earnings (loss) attributable to the Company	(14,745)	1,945
(Earnings) loss from discontinued operations	2,201	(252)
Adjustments to reconcile net earnings attributable to GECC to cash provided from operating activities
Depreciation and amortization of property, plant and equipment	1,917	1,530
Deferred income taxes	2,080	(1,688)
Decrease/(increase) in Inventories	0	0
Increase (decrease) in accounts payable	562	851
Provision for losses on financing receivables	4,859	984
All other operating activities	5,600	(567)
Cash from (used for) operating activities - continuing operations	2,474	2,803
Cash from (used for) operating activities - discontinued operations	1,088	352
Cash from (used for) operating activities	3,562	3,155
Cash flows - investing activities
Additions to property, plant and equipment	(2,202)	(2,361)
Dispositions of property, plant and equipment	948	1,192
Net decrease (increase) in financing receivables	(66,369)	(69,418)
Principal collections from customers - loans	69,041	70,946
Investment in equipment for financing leases	(1,307)	(1,861)
Principal collections from customers - financing leases	1,826	2,312
Proceeds from sale of discontinued operations	0	232
Net change in credit card receivables	2,905	2,323
Proceeds from principal business dispositions	0	0
Net cash from (payments for) principal businesses purchased	(1,677)	0
All other investing activities	4,548	2,847
Cash from (used for) investing activities - continuing operations	7,713	6,212
Cash from (used for) investing activities - discontinued operations	(885)	(247)
Cash from (used for) investing activities	6,828	5,965
Cash flows - financing activities
Net increase (decrease) in borrowings (maturities of 90 days or less)	287	(3,750)
Net increase (decrease) in bank deposits	1,042	1,175
Newly issued debt (maturities longer than 90 days)
Newly issued debt (maturities longer than 90 days)	11,945	5,743
Repayments and other debt reductions (maturities longer than 90 days)
Repayments and other debt reductions (maturities longer than 90 days)	(19,020)	(11,489)
Proceeds from issuance of preferred stock	0	0
Dividends paid to shareowners	(450)	(500)
Synchrony Financial	0	0
All other financing activities	(283)	29
Cash from (used for) financing activities - continuing operations	(6,479)	(8,792)
Cash from (used for) financing activities - discontinued operations	(264)	(103)
Cash from (used for) financing activities	(6,743)	(8,895)
Effect of currency exchange rate changes on cash and equivalents	(3,297)	92
Increase (decrease) in cash and equivalents	350	317
Cash and equivalents at beginning of year	75,101	75,105
Cash and equivalents at March 31	75,451	75,422
Less cash and equivalents of discontinued operations at March 31	259	378
Cash and equivalents continuing operations at March 31	$ 75,192	$ 75,044

XML

Consolidated Statement of Comprehensive Income (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Statement of Comprehensive Income 'Unaudited' [Abstract]
Net earnings	$ (14,654)	$ 1,956
Less net earnings (loss) attributable to noncontrolling interests	91	11
Net earnings (loss) attributable to the Company	(14,745)	1,945
Other comprehensive income (loss)
Investment securities	197	484
Currency translation adjustments	(1,847)	(84)
Cash flow hedges	10	68
Benefit plans	10	(18)
Other comprehensive income (loss)	(1,630)	450
Less: Other comprehensive income (loss) attributable to noncontrolling interests	(32)	2
Other comprehensive income attributable to Company	(1,598)	448
Comprehensive income	(16,284)	2,406
Less: Comprehensive income (loss) attributable to noncontrolling interests	59	13
Comprehensive income attributable to Company	$ (16,343)	$ 2,393

XML

Fair Value Measurements

3 Months Ended

Mar. 31, 2015

Fair Value Disclosures [Abstract]

Fair Value Measurements

NOTE 10. FAIR VALUE MEASUREMENTS

Recurring Fair Value Measurements

Our assets and liabilities measured at fair value on a recurring basis include investment securities primarily supporting obligations to annuitants and policyholders in our run-off insurance operations and supporting obligations to holders of GICs in Trinity.

ASSETS AND LIABILITIES MEASURED AT FAIR VALUE ON A RECURRING BASIS
									Netting
(In millions)	Level 1		(a)	Level 2		(a)	Level 3		adjustment		(b)	Net balance
March 31, 2015
Assets
Investment securities
Debt
U.S. corporate	$	-		$	21,073		$	3,212	$	-		$	24,285
State and municipal		-			5,032			552		-			5,584
Residential mortgage-backed		-			1,222			3		-			1,225
Commercial mortgage-backed		-			2,595			2		-			2,597
Asset-backed		-			183			112		-			295
Corporate ̶ non-U.S.		13			640			397		-			1,050
Government ̶ non-U.S.		55			1,411			2		-			1,468
U.S. government and federal agency		-			4,824			291		-			5,115
Retained interests		-			-			17		-			17
Equity
Available-for-sale		177			15			6		-			198
Trading		19			-			-		-			19
Derivatives(c)		-			10,155			39		(8,184)			2,010
Total	$	264		$	47,150		$	4,633	$	(8,184)		$	43,863
Liabilities
Derivatives	$	-		$	5,445		$	12	$	(5,370)		$	87
Other		-			19			-		-			19
Total	$	-		$	5,464		$	12	$	(5,370)		$	106
December 31, 2014
Assets
Investment securities
Debt
U.S. corporate	$	-		$	20,659		$	3,128	$	-		$	23,787
State and municipal		-			5,171			578		-			5,749
Residential mortgage-backed		-			1,709			16		-			1,725
Commercial mortgage-backed		-			3,054			9		-			3,063
Asset-backed(d)		-			343			7,575		-			7,918
Corporate ̶ non-U.S.		-			680			455		-			1,135
Government ̶ non-U.S.		56			1,738			2		-			1,796
U.S. government and federal agency		-			1,747			266		-			2,013
Retained interests		-			-			17		-			17
Equity
Available-for-sale		231			14			9		-			254
Trading		21			-			-		-			21
Derivatives(c)		-			9,061			43		(7,400)			1,704
Total	$	308		$	44,176		$	12,098	$	(7,400)		$	49,182
Liabilities
Derivatives	$	-		$	4,298		$	15	$	(4,215)		$	98
Other		-			20			-		-			20
Total	$	-		$	4,318		$	15	$	(4,215)		$	118

(a)There were no securities transferred between Level 1 and Level 2 in the three months endedMarch 31, 2015. There were $487 million of Government – non-U.S. and $13 million of Corporate – non-U.S. available-for-sale debt securities transferred from Level 1 to Level 2 in the twelve months ended December 31, 2014 primarily attributable to changes in market observable data.

(b) The netting of derivative receivables and payables (including the effects of any collateral posted or received) is permitted when a legally enforceable master netting agreement exists.

(c)The fair value of derivatives includes an adjustment for non-performance risk. The cumulative adjustment was a gain (loss) of $5million and $8 million at March 31, 2015 and December 31, 2014, respectively. See Note 11 for additional information on the composition of our derivative portfolio.

(d) Includes investments in our CLL business in asset-backed securities collateralized by senior secured loans of high-quality, middle-market companies in a variety of industries.

Level 3 Instruments

The majority of our Level 3 balances consist of investment securities classified as available-for-sale with changes in fair value recorded in shareowners’ equity.

CHANGES IN LEVEL 3 INSTRUMENTS FOR THE THREE MONTHS ENDED
																			Net
																			change in
			Net			Net													unrealized
			realized/			realized/													gains
			unrealized		unrealized														(losses)
			gains			gains													relating to
			(losses)		(losses)								Transfers		Transfers				instruments
	Balance at		included		included								into		out of		Balance at		still held at
(In millions)	January 1		in earnings(a)		in AOCI		Purchases		Sales		Settlements		Level 3(b)		Level 3(b)		March 31		March 31(c)
2015
Investment securities
Debt
U.S. corporate	$	3,128	$	8	$	61	$	92	$	(18)	$	(36)	$	-	$	(23)	$	3,212	$	-
State and municipal		578		-		-		7		(31)		(2)		-		-		552		-
RMBS		16		5		(4)		-		(14)		-		-		-		3		-
CMBS		9		-		-		-		(7)		-		-		-		2		-
ABS		7,575		-		160		140		(11)		(442)		-		(7,310)		112		-
Corporate – non-U.S.		455		-		(7)		252		(57)		(245)		-		(1)		397		-
Government – non-U.S.		2		-		-		-		-		-		-		-		2		-
U.S. government and
federal agency		266		-		26		-		-		(1)		-		-		291		-
Retained interests		17		-		-		1		-		(1)		-		-		17		-
Equity
Available-for-sale		9		2		(2)		-		-		(3)		-		-		6		-
Derivatives(d)(e)		37		-		2		(1)		-		-		-		(1)		37		-
Total	$	12,092	$	15	$	236	$	491	$	(138)	$	(730)	$	-	$	(7,335)	$	4,631	$	-
2014
Investment securities
Debt
U.S. corporate	$	2,918	$	8	$	63	$	153	$	(2)	$	(112)	$	96	$	(53)	$	3,071	$	-
State and municipal		96		-		27		9		-		(7)		435		-		560		-
RMBS		86		-		(1)		-		-		(4)		-		-		81		-
CMBS		10		-		-		-		-		(1)		2		-		11		-
ABS		6,898		1		(27)		405		-		(369)		-		-		6,908		-
Corporate – non-U.S.		666		1		14		220		(2)		(223)		-		-		676		-
Government – non-U.S.		31		-		-		-		-		-		-		(30)		1		-
U.S. government and
federal agency		225		-		9		-		-		-		-		(2)		232		-
Retained interests		21		-		-		1		-		(2)		-		-		20		-
Equity
Available-for-sale		11		-		-		-		-		-		-		-		11		-
Derivatives(d)(e)		20		3		-		(1)		-		(1)		-		-		21		9
Other		279		-		-		-		-		-		-		(279)		-		-
Total	$	11,261	$	13	$	85	$	787	$	(4)	$	(719)	$	533	$	(364)	$	11,592	$	9

(a) Earnings effects are primarily included in the “Revenues from services” and “Interest” captions in the Statement of Earnings (Loss).

(b)Transfers in and out of Level 3 are considered to occur at the beginning of the period. Transfers out of Level 3 for the three months ended March 31, 2015 were primarily a result of the reclassification of investments in our CLL business in asset-backed securities collateralized by senior secured loans of high-quality, middle-market companies in a variety of industries to assets of business held for sale. Transfers out of Level 3 for the three months ended March 31, 2014 were primarily a result of increased use of quotes from independent pricing vendors based on recent trading activity.

(c) Represents the amount of unrealized gains or losses for the period included in earnings.

(d) Represents derivative assets net of derivative liabilities and included cash accruals of $10 million and $6 million not reflected in the fair value hierarchy table for the three months endedMarch 31, 2015 and 2014, respectively.

(e) Gains (losses) included in net realized/unrealized gains (losses) included in earnings were offset by the earnings effects from the underlying items that were economically hedged. See Note 11.

Non-Recurring Fair Value Measurements

The following table represents non-recurring fair value amounts (as measured at the time of the adjustment) for those assets remeasured to fair value on a non-recurring basis during the fiscal year and still held at March 31, 2015 and December 31, 2014.

	Remeasured during				Remeasured during
	the three months ended March 31, 2015				the year ended December 31, 2014
(In millions)	Level 2		Level 3		Level 2		Level 3
Financing receivables and financing receivables held for sale	$	-	$	41,644	$	49	$	808
Cost and equity method investments		-		2,142		2		387
Long-lived assets, including real estate		-		2,344		364		836
Total	$	-	$	46,130	$	415	$	2,031

The following table represents the fair value adjustments to assets measured at fair value on a non-recurring basis and still held at March 31, 2015and 2014.

	Three months ended March 31
(In millions)	2015		2014
Financing receivables and financing receivables held for sale	$	(4,000)	$	(119)
Cost and equity method investments		(1,461)		(205)
Long-lived assets, including real estate		(569)		(56)
Total	$	(6,030)	$	(380)

LEVEL 3 MEASUREMENTS - SIGNIFICANT UNOBSERVABLE INPUTS
					Range
(Dollars in millions)	Fair value		Valuation technique	Unobservable inputs	(weighted average)
March 31, 2015
Recurring fair value measurements
Investment securities - Debt
U.S. corporate	$	1,015	Income approach	Discount rate(a)	1.7%-13.2% (6.7%)
State and municipal		456	Income approach	Discount rate(a)	2.8%-6.3% (4.8%)
Asset-backed		99	Income approach	Discount rate(a)	5.3%-9.0% (5.6%)
Corporate ̶ non-U.S.		333	Income approach	Discount rate(a)	0.2%-14.0% (5.6%)
Non-recurring fair value measurements
Financing receivables and
financing receivables held for sale	$	40,043	Income approach	Discount rate(a)	1.0%-30.0% (8.5%)
Cost and equity method investments		1,928	Market comparables	Price to book multiple	0.4X-1.0X (0.6X)
Long-lived assets, including real estate		381	Income approach	Capitalization rate(b)	4.5%-15.4% (7.6%)
December 31, 2014
Recurring fair value measurements
Investment securities - Debt
U.S. corporate	$	980	Income approach	Discount rate(a)	1.5%-14.8% (6.6%)
State and municipal		481	Income approach	Discount rate(a)	1.9%-5.9% (2.8%)
Asset-backed		7,554	Income approach	Discount rate(a)	2.2%-12.4% (5.0%)
Corporate ̶ non-U.S.		388	Income approach	Discount rate(a)	0.4%-14.0% (5.7%)
Non-recurring fair value measurements
Financing receivables and
financing receivables held for sale	$	82	Business enterprise	EBITDA multiple	4.3X-6.5X (6.2X)
			value
Cost and equity method investments		343	Income approach	Discount rate(a)	8.0%-10.0% (9.4%)
			Business enterprise value,Market comparables	EBITDA multiple	1.8X-10.5X (7.0X)
Long-lived assets, including real estate		666	Income approach	Discount rate(a)	2.0%-19.0% (6.8%)

(a) Discount rates are determined based on inputs that market participants would use when pricing investments, including credit and liquidity risk. An increase in the discount rate would result in a decrease in the fair value.

(b) Represents the rate of return on net operating income that is considered acceptable for an investor and is used to determine a property’s capitalized value. An increase in the capitalization rate would result in a decrease in the fair value.

At March 31, 2015 and December 31, 2014, other Level 3 recurring fair value measurements of $2,676 million and $2,598 million, respectively, and non-recurring measurements of $3,741 million and $844 million, respectively, are valued using non-binding broker quotes or other third-party sources. At March 31, 2015 and December 31, 2014, other recurring fair value measurements of $42 million and $82 million, respectively, and non-recurring fair value measurements of $37 million and $96 million, respectively, were individually insignificant and utilize a number of different unobservable inputs not subject to meaningful aggregation. 

XML

Document and Entity Information (USD $) In Millions, except Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2015
Document and Entity Information [Abstract]
Document Type	10-Q
Document Period End Date	Mar. 31, 2015
Amendment Flag	false
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Entity Registrant Name	General Electric Capital Corp
Entity Central Index Key	0000040554
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Well Known Seasoned Issuer	Yes
Entity Common Stock, Shares Outstanding	1,000
Entity Public Float	$ 0

XML

Financial Instruments

3 Months Ended

Mar. 31, 2015

Financial Instruments [Abstract]

Financial Instruments

NOTE 11. FINANCIAL INSTRUMENTS

The following table provides information about assets and liabilities not carried at fair value. The table excludes finance leases and non-financial assets and liabilities. Substantially all of the assets discussed below are considered to be Level 3. The vast majority of our liabilities’ fair value can be determined based on significant observable inputs and thus considered Level 2. Few of the instruments are actively traded and their fair values must often be determined using financial models. Realization of the fair value of these instruments depends upon market forces beyond our control, including marketplace liquidity.

	March 31, 2015						December 31, 2014
			Assets (liabilities)						Assets (liabilities)
	Notional		Carrying		Estimated		Notional		Carrying		Estimated
(In millions)	amount		amount (net)		fair value		amount		amount (net)		fair value
Assets
Loans	$	(a)	$	72,748	$	78,974	$	(a)	$	193,214	$	197,833
Other commercial mortgages		(a)		1,430		1,569		(a)		1,427		1,508
Loans held for sale		(a)		76,679		76,797		(a)		1,830		1,855
Other financial instruments(b)		(a)		239		315		(a)		566		786
Liabilities
Borrowings and bank deposits(c)(d)		(a)		(335,941)		(351,046)		(a)		(349,041)		(365,724)
Investment contract benefits		(a)		(2,923)		(3,553)		(a)		(2,970)		(3,565)
Guaranteed investment contracts		(a)		(1,000)		(1,049)		(a)		(1,000)		(1,031)
Insurance - credit life(e)		-		-		-		1,843		(90)		(77)

(a) These financial instruments do not have notional amounts.

(b) Principally comprises cost method investments.

(c) See Note 6.

(d)Fair values exclude interest rate and currency derivatives designated as hedges of borrowings. Had they been included, the fair value of borrowings at March 31, 2015 and December 31, 2014 would have been reduced by $4,514 million and $5,020 million, respectively.

(e) Net of reinsurance of none and $964 million at March 31, 2015 and December 31, 2014, respectively.

NOTIONAL AMOUNTS OF LOAN COMMITMENTS
(In millions)	March 31, 2015		December 31, 2014
Ordinary course of business lending commitments(a)	$	2,935	$	3,239
Unused revolving credit lines(b)
Commercial(c)		12,987		14,681
Consumer – principally credit cards		309,688		306,188

(a)Excluded investment commitments of $742 million and $835 million at March 31, 2015 and December 31, 2014, respectively.

(b)Excluded amounts related to inventory financing arrangements, which may be withdrawn at our option, of $13,530 million and $15,041 million at March 31, 2015 and December 31, 2014, respectively.

(c)Included amounts related to commitments of $9,434 million and $10,509 million at March 31, 2015 and December 31, 2014, respectively, associated with secured financing arrangements that could have increased to a maximum of $11,656 million and $12,353 million at March 31, 2015 and December 31, 2014, respectively, based on asset volume under the arrangement.

Securities Repurchase and Reverse Repurchase Arrangements

Our issuances of securities repurchase agreements are insignificant and are limited to activities at certain of our foreign banks primarily for purposes of liquidity management. At March 31, 2015, we were party to repurchase agreements totaling $45 million, which were reported in short-term borrowings on the financial statements. No repurchase agreements were accounted for as off-book financing and we do not engage in securities lending transactions.

We also enter into reverse securities repurchase agreements, primarily for short-term investment with maturities of 90 days or less. At March 31, 2015, we were party to reverse repurchase agreements totaling $12.1 billion, which were reported in cash and equivalents on the financial statements. Under these reverse securities repurchase agreements, we typically lend available cash at a specified rate of interest and hold U.S. or highly-rated European government securities as collateral during the term of the agreement. Collateral value is in excess of amounts loaned under the agreements.

Derivatives and Hedging

As a matter of policy, we use derivatives for risk management purposes and we do not use derivatives for speculative purposes. A key risk management objective for our financial services businesses is to mitigate interest rate and currency risk by seeking to ensure that the characteristics of the debt match the assets they are funding. If the form (fixed versus floating) and currency denomination of the debt we issue do not match the related assets, we typically execute derivatives to adjust the nature and tenor of funding to meet this objective within pre-defined limits. The determination of whether we enter into a derivative transaction or issue debt directly to achieve this objective depends on a number of factors, including market related factors that affect the type of debt we can issue.

The notional amounts of derivative contracts represent the basis upon which interest and other payments are calculated and are reported gross, except for offsetting foreign currency forward contracts that are executed in order to manage our currency risk of net investment in foreign subsidiaries. Of the outstanding notional amount of $227,000 million, approximately 98% or $223,000million is associated with reducing or eliminating the interest rate, currency or market risk between financial assets and liabilities in our financial services businesses. The instruments used in these activities are designated as hedges when practicable. When we are not able to apply hedge accounting, or when the derivative and the hedged item are both recorded in earnings concurrently, the derivatives are deemed economic hedges and hedge accounting is not applied. This most frequently occurs when we hedge a recognized foreign currency transaction (e.g., a receivable or payable) with a derivative. Since the effects of changes in exchange rates are reflected concurrently in earnings for both the derivative and the transaction, the economic hedge does not require hedge accounting.

FAIR VALUE OF DERIVATIVES
	March 31, 2015				December 31, 2014
(In millions)	Assets		Liabilities		Assets		Liabilities
Derivatives accounted for as hedges
Interest rate contracts	$	6,106	$	241	$	5,859	$	461
Currency exchange contracts		3,154		1,398		2,435		779
Other contracts		-		-		-		-
		9,260		1,639		8,294		1,240
Derivatives not accounted for as hedges
Interest rate contracts		152		137		186		141
Currency exchange contracts		728		3,667		598		2,910
Other contracts		54		14		26		22
		934		3,818		810		3,073
Gross derivatives recognized in statement of
financial position
Gross derivatives		10,194		5,457		9,104		4,313
Gross accrued interest		947		(31)		1,398		(18)
		11,141		5,426		10,502		4,295
Amounts offset in statement of financial position
Netting adjustments(a)		(4,872)		(4,877)		(3,705)		(3,713)
Cash collateral(b)		(3,312)		(493)		(3,695)		(502)
		(8,184)		(5,370)		(7,400)		(4,215)
Net derivatives recognized in statement of
financial position
Net derivatives		2,957		56		3,102		80
Amounts not offset in statement of
financial position
Securities held as collateral(c)		(2,148)		-		(3,083)		-
Net amount	$	809	$	56	$	19	$	80

Derivatives are classified in the captions “Other assets” and “Other liabilities” and the related accrued interest is classified in “Other receivables” and “Other liabilities” in our financial statements.

• The netting of derivative receivables and payables is permitted when a legally enforceable master netting agreement exists. Amounts include fair value adjustments related to our own and counterparty non-performance risk. At March 31, 2015 and December 31, 2014, the cumulative adjustment for non-performance risk was a gain (loss) of $5 million and $8 million, respectively.
• Excluded excess cash collateral received and posted of $118 million and $255 million at March 31, 2015, respectively, and $57 million and $211 million at December 31, 2014, respectively.
• Excluded excess securities collateral received of $192 million and $305million at March 31, 2015 and December 31, 2014, respectively.

FAIR VALUE HEDGES

We use interest rate and currency exchange derivatives to hedge the fair value effects of interest rate and currency exchange rate changes on local and non-functional currency denominated fixed-rate debt. For relationships designated as fair value hedges, changes in fair value of the derivatives are recorded in earnings within interest along with offsetting adjustments to the carrying amount of the hedged debt.

EARNINGS EFFECTS OF FAIR VALUE HEDGING RELATIONSHIPS
	Three months end March 31
		2015				2014
		Gain (loss)		Gain (loss)		Gain (loss)		Gain (loss)
		on hedging		on hedged		on hedging		on hedged
(In millions)		derivatives		items		derivatives		items
Interest rate contracts	$	1,060	$	(1,091)	$	990	$	(1,005)
Currency exchange contracts		(7)		6		2		(3)

Fair value hedges resulted in $(32) million and $(16)million of ineffectiveness in the three months endedMarch 31,2015 and 2014, respectively. In both the three months endedMarch 31,2015 and 2014, there were insignificant amounts excluded from the assessment of effectiveness.

CASH FLOW HEDGES

We use interest rate, currency exchange and commodity derivatives to reduce the variability of expected future cash flows associated with variable rate borrowings and commercial purchase and sale transactions, including commodities. For derivatives that are designated in a cash flow hedging relationship, the effective portion of the change in fair value of the derivative is reported as a component of AOCI and reclassified into earnings contemporaneously and in the same caption with the earnings effects of the hedged transaction.

					Gain (loss) reclassified
	Gain (loss) recognized in AOCI				from AOCI into earnings
	for the three months ended March 31				for the three months ended March 31
(In millions)	2015		2014		2015		2014
Interest rate contracts	$	(3)	$	3	$	(39)	$	(69)
Currency exchange contracts		(1,038)		183		(953)		134
Total(a)	$	(1,041)	$	186	$	(992)	$	65

(a)Gain (loss) is recorded in revenues from services and interest when reclassified to earnings.

The total pre-tax amount in AOCI related to cash flow hedges of forecasted transactions was a $160 million loss at March 31, 2015. We expect to transfer $222million to earnings as an expense in the next 12 months contemporaneously with the earnings effects of the related forecasted transactions. In both the three months endedMarch 31,2015 and 2014,we recognized insignificant gains and losses related to hedged forecasted transactions and firm commitments that did not occur by the end of the originally specified period. At March 31, 2015 and 2014, the maximum term of derivative instruments that hedge forecasted transactions was 18years and 19 years, respectively. See Note 8for additional information about reclassifications out of AOCI.

For cash flow hedges, the amount of ineffectiveness in the hedging relationship and amount of the changes in fair value of the derivatives that are not included in the measurement of ineffectiveness were insignificant for each reporting period.

NET INVESTMENT HEDGES IN FOREIGN OPERATIONS

We use currency exchange derivatives to protect our net investments in global operations conducted in non-U.S. dollar currencies. For derivatives that are designated as hedges of net investment in a foreign operation, we assess effectiveness based on changes in spot currency exchange rates. Changes in spot rates on the derivative are recorded as a component of AOCI until such time as the foreign entity is substantially liquidated or sold, or upon the loss of a controlling interest in a foreign entity. Additionally, lower of cost or fair value, less cost to sell, assessments of foreign entities classified as held for sale take into account the related AOCI. The change in fair value of the forward points, which reflects the interest rate differential between the two countries on the derivative, is excluded from the effectiveness assessment.

GAINS (LOSSES) RECOGNIZED THROUGH CTA
	Gain (loss) recognized in CTA				Gain (loss) reclassified from CTA
	for the three months ended March 31				for the three months ended March 31
(In millions)	2015		2014		2015		2014
Currency exchange contracts	$	4,989	$	(1,033)	$	785	$	10

Reclassifications from CTA of $974 million and $(3) million were recorded in revenues from services and $(189) million and $13 million in discontinued operations in the three months ended March 31, 2015 and 2014, respectively. The amounts related to the change in the fair value of the forward points that are excluded from the measure of effectiveness were $(44) million and $(142) millioninthe three months endedMarch 31,2015 and 2014, respectively, and were recorded in interest.

FREE STANDING DERIVATIVES

Changes in the fair value of derivatives that are not designated as hedges are recorded in earnings each period. As discussed above, these derivatives are typically entered into as economic hedges of changes in interest rates, currency exchange rates, commodity prices and other risks. Gains or losses related to the derivative are typically recorded in revenues from services, based on our accounting policy. In general, the earnings effects of the item that represent the economic risk exposure are recorded in the same caption as the derivative. Gains (losses) forthe three months endedMarch 31,2015on derivatives not designated as hedges were $(2,708) million composed of amounts related to interest rate contracts of $(43) million, currency exchange contracts of $(2,660) million, and other derivatives of $(5) million. These losses were more than offset by the earnings effects from the underlying items that were economically hedged. Gains (losses) forthe three months endedMarch 31,2014on derivatives not designated as hedges were $1,078 million composed of amounts related to currency exchange contracts of $1,090 million and other derivatives of $(12) million. These losses were offset by the earnings effects from the underlying items that were economically hedged.

COUNTERPARTY CREDIT RISK

Fair values of our derivatives can change significantly from period to period based on, among other factors, market movements and changes in our positions. We manage counterparty credit risk (the risk that counterparties will default and not make payments to us according to the terms of our agreements) on an individual counterparty basis. Where we have agreed to netting of derivative exposures with a counterparty, we net our exposures with that counterparty and apply the value of collateral posted to us to determine the exposure. We actively monitor these net exposures against defined limits and take appropriate actions in response, including requiring additional collateral.

As discussed above, we have provisions in certain of our master agreements that require counterparties to post collateral (typically, cash or U.S. Treasury securities) when our receivable due from the counterparty, measured at current market value, exceeds a specified limit. The fair value of such collateral was $5,460 million at March 31, 2015, of which $3,312 million was cash and $2,148 million was in the form of securities held by a custodian for our benefit. Under certain of these same agreements, we post collateral to our counterparties for our derivative obligations, the fair value of which was $493 million at March 31, 2015. At March 31, 2015, our exposure to counterparties (including accrued interest), net of collateral we hold, was $798 million. This excludes exposure related to embedded derivatives.

Additionally, our master agreements typically contain mutual downgrade provisions that provide the ability of each party to require termination if the long-term credit rating of the counterparty were to fall below A-/A3. In certain of these master agreements, each party also has the ability to require termination if the short-term rating of the counterparty were to fall below A-1/P-1. Our master agreements also typically contain provisions that provide termination rights upon the occurrence of certain other events, such as a bankruptcy or events of default by one of the parties. If an agreement was terminated under any of these circumstances, the termination amount payable would be determined on a net basis and could also take into account any collateral posted. The net amount of our derivative liability, after consideration of collateral posted by us and outstanding interest payments was $38 million at March 31, 2015. This excludes embedded derivatives.

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Supplemental Information About The Credit Quality Of Financing Receivables And Allowance For Losses On Financing Receivables (Past Due & Nonaccrual Financing Receivables) (Details) (Nonaccrual Financing Receivables [Member], USD $) In Millions, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Past Due Financing Receivables
Over 30 days past due	$ 2,855	$ 7,123
Over 90 days past due	1,193	3,528
Percent of Financing Receivable, Recorded Investment, Past Due Over 30 Days	3.50%	3.20%
Percent of Financing Receivable, Recorded Investment, Past Due Over 90 Days	1.50%	1.60%
Nonaccrual Financing Receivables
Percent Financing Receivable, Recorded Investment, Nonaccrual Status	0.40%	1.80%
Nonaccrual loans	345	3,971
Total CLL [Member]
Past Due Financing Receivables
Over 30 days past due	636	1,986
Over 90 days past due	137	1,033
Nonaccrual Financing Receivables
Nonaccrual loans	25	2,000
Energy Financial Services [Member]
Past Due Financing Receivables
Over 30 days past due	10	0
Over 90 days past due	0	0
Nonaccrual Financing Receivables
Nonaccrual loans	63	68
GE Capital Aviation Services (GECAS)
Past Due Financing Receivables
Over 30 days past due	0	0
Over 90 days past due	0	0
Nonaccrual Financing Receivables
Nonaccrual loans	255	419
Commercial [Member]
Past Due Financing Receivables
Over 30 days past due	646	1,986
Over 90 days past due	137	1,033
Nonaccrual Financing Receivables
Nonaccrual loans	343	2,487
Amount of nonaccrual loans currently paying in accordance with contractual terms	321	1,549
Consumer [Member]
Past Due Financing Receivables
Over 30 days past due	2,209	5,137
Over 90 days past due	1,056	2,495
Loans which are 90+ days past due and still accruing interest	1,054	1,231
Nonaccrual Financing Receivables
Nonaccrual loans	2	1,484
Amount of nonaccrual loans currently paying in accordance with contractual terms		$ 179

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Consolidated Statement of Changes in Shareowners' Equity (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Statement Of Changes In Shareowners Equity [Abstract]
GECC shareowners' equity, begining balance, Jan 1	$ 87,499	$ 82,694
Net earnings (loss) attributable to the Company	(14,745)	1,945
Dividends and other transactions with shareowners	(450)	(500)
Other comprehensive income attributable to Company	(1,598)	448
Changes in additional paid-in capital	6	0
GECC shareowners' equity, ending balance, Mar 31	70,712	84,587
Noncontrolling interests	2,987	440
Total equity balance at March 31	$ 73,699	$ 85,027

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Goodwill and Other Intangibles Assets

3 Months Ended

Mar. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

NOTE 5. ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS

ACQUISITIONS

Upon closing an acquisition, we estimate the fair values of assets and liabilities acquired and consolidate the acquisition as quickly as possible. Given the time it takes to obtain pertinent information to finalize the acquired company’s balance sheet, then to adjust the acquired company’s accounting policies, procedures, and books and records to our standards, it is often several quarters before we are able to finalize those initial fair value estimates. Accordingly, it is not uncommon for our initial estimates to be subsequently revised.

On January 30, 2015, we acquired Milestone Aviation Group (Milestone Aviation), a helicopter leasing business, for approximately $1,750million, which is included in our GECAS segment. The preliminary purchase price allocation resulted in goodwill of approximately $750million and amortizable intangible assets of approximately $300million. The allocation of the purchase price will be finalized upon completion of post-closing procedures.

Goodwill

CHANGES IN GOODWILL BALANCES
					Dispositions,
					currency
	Balance at				exchange		Balance at
(In millions)	January 1, 2015		Acquisitions		and other		March 31, 2015
CLL	$	13,058	$	-	$	(4,928)	$	8,130
Consumer		9,777		-		(673)		9,104
Energy Financial Services		1,507		-		-		1,507
GECAS		147		752		(1)		898
Total	$	24,489	$	752	$	(5,602)	$	19,639

Goodwill balances decreased $4,850 million in the three months endedMarch 31, 2015, primarily as a result of the reclassification of goodwill associated with certain businesses within our CLL business, in connection with the GE Capital Exit Plan, and ANZ Consumer Lending to assets of businesses held for sale and currency exchange effects of a stronger U.S. dollar, partially offset by the acquisition of Milestone Aviation.

As businesses meet the criteria for held for sale, we allocate goodwill to such businesses and assess the remaining reporting unit goodwill for impairment.

Our CLL reporting unit had a goodwill balance of $13,058 million at January 1, 2015. As a result of the GE Capital Exit Plan, we allocated $4,457 million of the CLL reporting unit goodwill to the carrying values of the assets of businesses held for sale. The remaining CLL goodwill was then tested for impairment using data as of January 1, 2015.

The impairment test consists of two steps: in step one, the carrying value of the reporting unit is compared with its fair value; in step two, which is applied when the carrying value of the reporting unit exceeds its fair value, the amount of goodwill impairment, if any, is derived by deducting the fair value of the reporting unit's assets and liabilities from the fair value of its equity, and comparing that amount with the carrying amount of goodwill.

We determined fair value for the CLL reporting unit using the market approach, which was derived from metrics of publicly traded companies or historically completed transactions of comparable businesses. The selection of comparable companies is based on the markets in which the CLL reporting unit businesses operate giving consideration to risk profiles, size, geography, and diversity of products and services.

While the carrying value of the CLL reporting unit was within the range of estimated fair values, we further substantiated our CLL goodwill balance by performing the second step analysis in which the implied fair value of goodwill exceeded its carrying value and accordingly, no goodwill impairment was recognized.

Additionally, our Consumer reporting unit had a goodwill balance of $9,777 million at January 1, 2015. During the first quarter of 2015, we signed an agreement to sell ANZ Consumer Lending and upon classification as held for sale, we allocated $410 million of Consumer reporting unit goodwill to the carrying value of the business. The remaining Consumer reporting unit goodwill was then tested for impairment using data as of January 1, 2015. Fair value of the Consumer reporting unit was determined using an income approach and incorporating market observable data. The fair value of the Consumer reporting unit exceeded its carrying value, and therefore, goodwill was not impaired.

Estimating the fair value of reporting units requires the use of estimates and significant judgments that are based on a number of factors including actual operating results. It is reasonably possible that the judgments and estimates described above could change in future periods.

OTHER INTANGIBLE ASSETS

INTANGIBLE ASSETS SUBJECT TO AMORTIZATION
	March 31, 2015						December 31, 2014
	Gross						Gross
	carrying		Accumulated				carrying		Accumulated
(In millions)	amount		amortization		Net		amount		amortization		Net
Customer-related	$	1,277	$	(752)	$	525	$	1,345	$	(844)	$	501
Capitalized software		1,674		(1,397)		277		2,108		(1,609)		499
Lease valuations		251		(124)		127		140		(124)		16
Trademarks		39		(6)		33		30		(20)		10
Patents and technology		85		(82)		3		87		(83)		4
Present value of future profits(a)		623		(623)		-		614		(614)		-
All other		609		(458)		151		391		(354)		37
Total	$	4,558	$	(3,442)	$	1,116	$	4,715	$	(3,648)	$	1,067

(a) Balances at March 31, 2015 and December 31, 2014 reflect adjustments of $287 million and $293 million, respectively, to the present value of future profits in our run-off insurance operation to reflect the effects that would have been recognized had the related unrealized investment securities holding gains and losses actually been realized.

Intangible assets subject to amortization decreased by $157 million in the three months endedMarch 31, 2015, primarily as a result of currency exchange effects of a stronger U.S. dollar and the reclassification of intangible assets associated with certain businesses within our CLL business, in connection with the GE Capital Exit Plan, and ANZ Consumer Lending to assets of businesses held for sale, partially offset by the acquisition of Milestone Aviation.

Amortization expense related to intangible assets subject to amortization was $153 million and $83 million in the three months endedMarch 31, 2015 and 2014, respectively, and is recorded in operating and administrative expense on the financial statements.

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Financing Receivables and Allowance for Losses on Financing Receivables

3 Months Ended

Mar. 31, 2015

Financing Receivables And Allowance For Losses On Financing Receivables [Abstract]

Financing Receivables And Allowance For Losses On Financing Receivables

NOTE 4. FINANCING RECEIVABLES AND ALLOWANCE FOR LOSSES

The implementation of the GE Capital Exit Plan has caused significant reductions in our CLL and Consumer portfolios as most or all of those portfolios have been reclassified to either financing receivables held for sale or assets of businesses held for sale. In the three months ended March 31, 2015, the transfer of financing receivables to financing receivables held for sale and assets of businesses held for sale totaled $93,141million and $29,952million, respectively. In addition our Real Estate business has been classified as a discontinued operation.

FINANCING RECEIVABLES, NET
(in millions)	March 31, 2015		December 31, 2014
Loans, net of deferred income	$	76,066	$	197,949
Investment in financing leases, net of deferred income		5,347		24,347
		81,413		222,296
Allowance for losses		(3,349)		(4,914)
Financing receivables – net(a)	$	78,064	$	217,382

(a) Financing receivables at December 31, 2014 included $209 million relating to loans that had been acquired in a transfer but have been subject to credit deterioration since origination.There were nosuch amounts at March 31, 2015.

Financing Receivables by Portfolio and Allowance for Losses

FINANCING RECEIVABLES
(in millions)	March 31, 2015			December 31, 2014
Commercial
CLL	$	12,555	(a)	$	110,503
Energy Financial Services		2,666			2,580
GE Capital Aviation Services (GECAS)		7,817			8,263
Other		127			130
Total Commercial		23,165			121,476
Consumer		58,248	(b)		100,820
Total financing receivables		81,413			222,296
Allowance for losses		(3,349)			(4,914)
Total financing receivables – net	$	78,064		$	217,382

• Includes Healthcare Equipment Finance and Working Capital Solutions, a business that purchases GE customer receivables.
• Includes Synchrony Financial, our U.S. consumer business.

ALLOWANCE FOR LOSSES
			Provision
	Balance at		charged to					Gross						Balance at
(In millions)	January 1		operations(a)		Other		(b)	write-offs		(a)(c)	Recoveries		(c)	March 31
2015
Commercial
CLL	$	831	$	1,749	$	(250)		$	(2,345)		$	50		$	35
Energy Financial Services		26		7		(1)			(15)			-			17
GECAS		46		(4)		-			-			-			42
Total Commercial		903		1,752		(251)			(2,360)			50			94
Consumer		4,011		3,107		(274)			(3,885)			296			3,255
Total	$	4,914	$	4,859	$	(525)		$	(6,245)		$	346		$	3,349

2014
Commercial
CLL	$	978	$	102	$	1	$	(256)	$	43	$	868
Energy Financial Services		8		9		-		(2)		1		16
GECAS		17		8		-		-		-		25
Other		2		(1)		(1)		-		-		-
Total Commercial		1,005		118		-		(258)		44		909
Consumer		3,981		866		16		(1,083)		280		4,060
Total	$	4,986	$	984	$	16	$	(1,341)	$	324	$	4,969

• Provision charged to operations included $3,955 million and gross write-offs included $5,072 million related to the effects of the 2015 reclassification of financing receivables to financing receivables held for sale recorded at the lower of cost or fair value, less cost to sell.
• Other primarily includes the 2015 reclassification of financing receivables to assets of businesses held for sale and the effects of currency exchange.
• Net write-offs (gross write-offs less recoveries) in certain portfolios may exceed the beginning allowance for losses as a result of losses that are incurred subsequent to the beginning of the fiscal year due to information becoming available during the current year, which may identify further deterioration on existing financing receivables.

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Operating Segment MD&A (Tables)

3 Months Ended

Mar. 31, 2015

Operating Segments [Abstract]

Operating Segment [Table Text Block]

SUMMARY OF OPERATING SEGMENTS
	Three months ended March 31
(In millions)	2015		2014		V%
Revenues
CLL	$	1,556	$	3,582		(57)%
Consumer		2,058		3,602		(43)%
Energy Financial Services		285		469		(39)%
GECAS		1,282		1,345		(5)%
Total segment revenues		5,181		8,998		(42)%
GECC corporate items and eliminations		801		887		(10)%
Total revenues	$	5,982	$	9,885		(39)%
Segment profit (loss)
CLL	$	(3,847)	$	564		U
Consumer		(2,775)		786		U
Energy Financial Services		35		153		(77)%
GECAS		307		352		(13)%
Total segment profit (loss)		(6,280)		1,855		U
GECC corporate items and eliminations		(6,264)		(162)		U
Earnings (loss) from continuing operations attributable to GECC		(12,544)		1,693		U
Preferred stock dividends declared		-		-		-
Earnings (loss) from continuing operations attributable to GECC common shareowner		(12,544)		1,693		U
Earnings (loss) from discontinued operations, net of taxes		(2,201)		252		U
Net earnings (loss) attributable to GECC common shareowner	$	(14,745)	$	1,945		U

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Variable Interest Entities

3 Months Ended

Mar. 31, 2015

Variable Interest Entities [Abstract]

Variable Interest Entities

NOTE 12. VARIABLE INTEREST ENTITIES

We use variable interest entities primarily to securitize financial assets and arrange other forms of asset-backed financing in the ordinary course of business. Except as noted below, investors in these entities only have recourse to the assets owned by the entity and not to our general credit. We do not have implicit support arrangements with any VIE. We did not provide non-contractual support for previously transferred financing receivables to any VIE in 2015 or 2014.

Consolidated Variable Interest Entities

We consolidate VIEs because we have the power to direct the activities that significantly affect the VIE’s economic performance, typically because of our role as either servicer or manager for the VIE. Our consolidated VIEs fall into three main groups, which are further described below:

• Trinity comprises two consolidated entities that hold investment securities, the majority of which are investment grade, and were funded by the issuance of GICs. The GICs include conditions under which certain holders could require immediate repayment of their investment should the long-term credit ratings of GECC fall below AA-/Aa3 or the short-term credit ratings fall below A-1+/P-1. The outstanding GICs are 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, and are reported in investment contracts, insurance liabilities and insurance annuity benefits.
• Consolidated Securitization Entities (CSEs) were created to facilitate securitization of financial assets and other forms of asset-backed financing that serve as an alternative funding source by providing access to variable funding notes and term markets. The securitization transactions executed with these entities are similar to those used by many financial institutions and all are non-recourse. We provide servicing for substantially all of the assets in these entities.

The financing receivables in these entities have similar risks and characteristics to our other financing receivables and were underwritten to the same standard. Accordingly, the performance of these assets has been similar to our other financing receivables; however, the blended performance of the pools of receivables in these entities reflects the eligibility criteria that we apply to determine which receivables are selected for transfer. Contractually the cash flows from these financing receivables must first be used to pay third-party debt holders as well as other expenses of the entity. Excess cash flows are available to GECC. The creditors of these entities have no claim on other assets of GECC.

• Other remaining assets and liabilities of consolidated VIEs relate primarily to three categories of entities: (1) joint ventures that lease equipment with $1,587 million of assets and $679million of liabilities; (2) other entities that are involved in power generating and leasing activities with $339 million of assets and $207million of liabilities; and (3) insurance entities that, among other lines of business, provide property and casualty and workers’ compensation coverage for GE with $1,193 million of assets and $547million of liabilities.

ASSETS AND LIABILITIES OF CONSOLIDATED VIEs
				Consolidated Securitization Entities
				Credit						Trade
(In millions)	Trinity		(a)	cards		(b)	Equipment		(b)	receivables			Other			Total
March 31, 2015
Assets(c)
Financing receivables, net	$	-		$	23,637		$	13,388	(e)	$	2,846	(d)	$	2,842	(e)	$	42,713
Investment securities		2,291			-			-			-			999			3,290
Other assets		115			143			795			1			1,399			2,453
Total	$	2,406		$	23,780		$	14,183		$	2,847		$	5,240		$	48,456
Liabilities(c)
Borrowings	$	-		$	-		$	-		$	-		$	669		$	669
Non-recourse borrowings		-			13,817			10,616			2,677			451			27,561
Other liabilities		1,020			312			453			29			1,390			3,204
Total	$	1,020		$	14,129		$	11,069		$	2,706		$	2,510		$	31,434
December 31, 2014
Assets(c)
Financing receivables, net	$	-		$	25,645		$	12,843		$	3,028	(d)	$	3,064		$	44,580
Investment securities		2,369			-			-			-			1,005			3,374
Other assets		17			1,059			766			2			1,866			3,710
Total	$	2,386		$	26,704		$	13,609		$	3,030		$	5,935		$	51,664
Liabilities(c)
Borrowings	$	-		$	-		$	-		$	-		$	519		$	519
Non-recourse borrowings		-			14,967			10,359			2,692			646			28,664
Other liabilities		1,022			332			593			26			1,187			3,160
Total	$	1,022		$	15,299		$	10,952		$	2,718		$	2,352		$	32,343

(a) Excluded intercompany advances from GECC to Trinity, which were eliminated in consolidation of $1,565 million and $1,565 million at March 31, 2015and December 31, 2014, respectively.

(b)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 March 31, 2015and December 31, 2014, the amounts of commingled cash owed to the CSEs were $2,702 million and $2,809million, respectively, and the amounts owed to us by CSEs were $2,735 million and $2,913 million, respectively.

(c)Asset amounts exclude intercompany receivables for cash collected on behalf of the entities by GECC 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.

(d)Included $659 million and $686 million of receivablesat March 31, 2015and December 31, 2014, respectively, originated by Appliances. We require third party debt holder consent to sell these assets. The receivables will be included in assets of businesses held for sale when the consent is received.

(e)Included $15.2 billion of financing receivables at March 31, 2015 classified as financing receivables held for sale in connection with the GE Capital Exit Plan.

Revenues from services from our consolidated VIEs were $1,768 million and $1,633 million in the three months endedMarch 31, 2015 and 2014, respectively. Related expenses consisted primarily of provisions for losses of $229 million and $301 million in the three months endedMarch 31, 2015 and 2014, respectively, and interest of $89 million and $80million in the three months endedMarch 31, 2015 and 2014, respectively. These amounts do not include intercompany revenues and costs, principally fees and interest between GECC and the VIEs, which are eliminated in consolidation.

Investments in Unconsolidated Variable Interest Entities

Our involvement with unconsolidated VIEs consists of the following activities: assisting in the formation and financing of the entity; providing recourse and/or liquidity support; servicing the assets; and receiving variable fees for services provided. We are not required to consolidate these entities because the nature of our involvement with the activities of the VIEs does not give us power over decisions that significantly affect their economic performance.

Our largest exposure to any single unconsolidated VIE at March 31, 2015 is a $8,377million investment in asset-backed securities issued by the Senior Secured Loan Program (SSLP), a fund that invests in high-quality senior secured debt of various middle-market companies. SSLP is included within a business held for sale in connection with the GE Capital Exit Plan. Other significant unconsolidated VIEs include exposures to joint ventures that purchase factored receivables ($1,848million).

The classification of our variable interests in these entities in our financial statements is based on the nature of the entity and the type of investment we hold. Variable interests in partnerships and corporate entities are classified as either equity method or cost method investments. In the ordinary course of business, we also make investments in entities in which we are not the primary beneficiary but may hold a variable interest such as limited partner interests or mezzanine debt investments. These investments are classified in two captions in our financial statements: “Other assets” for investments accounted for under the equity method, and “Financing receivables – net” for debt financing provided to these entities.

INVESTMENTS IN UNCONSOLIDATED VIEs
(In millions)	March 31, 2015		December 31, 2014
Other assets and investment securities	$	634	$	8,631
Financing receivables – net		464		2,090
Total investments		1,098		10,721
Contractual obligations to fund investments or guarantees		1,851		2,191
Revolving lines of credit		108		168
Total	$	3,057	$	13,080
Investment of businesses held for sale (a)		9,371		-
Total	$	12,428	$	13,080

(a) We committed to sell certain businesses in connection with the GE Capital Exit Plan and reclassified amounts to assets of businesses held for sale. The balance at March 31, 2015 primarily relates to our $8,377 million investment in asset-backed securities issued by SSLP which was included in Financing receivables – net and Other assets and investment securities for the period ended December 31, 2014.

In addition to the entities included in the table above, we also hold passive investments in RMBS, CMBS and asset-backed securities issued by VIEs. Such investments were, by design, investment-grade at issuance and held by a diverse group of investors. Further information about such investments is provided in Note 3.

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Shareowners' Equity

3 Months Ended

Mar. 31, 2015

Stockholders' Equity Note [Abstract]

Shareowners' Equity

NOTE 8. SHAREOWNERS’ EQUITY

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
		Three months ended March 31
(In millions)		2015		2014
Investment securities
Beginning balance	$	1,010	$	309
Other comprehensive income (loss) (OCI) before reclassifications –
net of deferred taxes of $137 and $251		251		474
Reclassifications from OCI – net of deferred taxes
of $(29) and $7		(54)		10
Other comprehensive income (loss)(a)		197		484
Less OCI attributable to noncontrolling interests		-		-
Ending balance	$	1,207	$	793
Currency translation adjustments (CTA)
Beginning balance	$	(838)	$	(687)
OCI before reclassifications – net of deferred taxes
of $1,539 and $73		(1,850)		(86)
Reclassifications from OCI – net of deferred taxes
of $(1) and $124		3		2
Other comprehensive income (loss)(a)		(1,847)		(84)
Less OCI attributable to noncontrolling interests		(32)		2
Ending balance	$	(2,653)	$	(773)
Cash flow hedges
Beginning balance	$	(172)	$	(293)
OCI before reclassifications –
net of deferred taxes of $(59) and $69		(863)		129
Reclassifications from OCI – net of deferred taxes
of $119 and $(4)		873		(61)
Other comprehensive income (loss)(a)		10		68
Less OCI attributable to noncontrolling interests		-		-
Ending balance	$	(162)	$	(225)
Benefit plans
Beginning balance	$	(577)	$	(363)
Net actuarial gain (loss) – net of deferred taxes
of $(3) and $(8)		5		(22)
Net actuarial loss amortization – net of deferred taxes
of $2 and $2		5		4
Other comprehensive income (loss)(a)		10		(18)
Less OCI attributable to noncontrolling interests		-		-
Ending balance	$	(567)	$	(381)
Accumulated other comprehensive income (loss) at March 31	$	(2,175)	$	(586)

(a)Total other comprehensive income (loss) was $(1,630) million and $450 million in the three months endedMarch 31, 2015 and 2014, respectively.

RECLASSIFICATION OUT OF AOCI
		Three months ended March 31
(In millions)	2015		2014		Statement of Earnings Caption
Available-for-sale securities
Realized gains (losses) on
sale/impairment of securities	$	83	$	(17)	Revenues from services
		(29)		7	Benefit (provision) for income taxes
	$	54	$	(10)	Net of tax
Currency translation adjustments
Gains (losses) on dispositions	$	(2)	$	(126)	Costs and expenses
		(1)		124	Benefit (provision) for income taxes
	$	(3)	$	(2)	Net of tax
Cash flow hedges
Gains (losses) on interest rate derivatives	$	(39)	$	(69)	Interest
Foreign exchange contracts		(953)		134	(a)
		(992)		65	Total before tax
		119		(4)	Benefit (provision) for income taxes
	$	(873)	$	61	Net of tax
Benefit plan items
Amortization of actuarial gains (losses)		(7)		(6)	(b)
		(7)		(6)	Total before tax
		2		2	Benefit (provision) for income taxes
	$	(5)	$	(4)	Net of tax
Total reclassification adjustments	$	(827)	$	45	Net of tax

(a) Included $(944) million and $134 million in revenues from services and $(9) million and an insignificant amount in interest inthe three months endedMarch 31, 2015 and 2014, respectively.

(b)Amortization of prior service costs and actuarial gains and losses out of AOCI are included in the computation of net periodic pension costs.

Noncontrolling Interests

Noncontrolling interests in equity of consolidated affiliates includes common shares in consolidated affiliates and preferred stock issued by our affiliates. The balance is summarized as follows.

(In millions)	March 31, 2015		December 31, 2014
Synchrony Financial	$	2,617	$	2,531
Other noncontrolling interests in consolidated affiliates(a)		370		368
Total	$	2,987	$	2,899

(a) Consisted of a number of individually insignificant noncontrolling interests in partnerships and consolidated affiliates.

CHANGES TO NONCONTROLLING INTERESTS
		Three months ended March 31
(In millions)		2015		2014
Beginning balance	$	2,899	$	432
Net earnings		91		11
Dividends		(2)		-
Other (including AOCI)		(1)		(3)
Ending balance	$	2,987	$	440

Other

We paid quarterly dividends of $450 million and $500 million to GE in the three months endedMarch 31, 2015 and 2014, respectively. There were no special dividends in the three months endedMarch 31, 2015 and 2014, respectively

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Shareowners' Equity (Changes In Accumulated Other Comprehensive Income) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Beginning balance	$ (577)
Other comprehensive income, net of tax	(1,630)	450
Other comprehensive income (OCI) before reclassifications - net of deferred taxes	(1,630)		450
Less: Other comprehensive income (loss) attributable to noncontrolling interests	(32)	2
Accumulated Other Comprehensive Income (Loss) Ending balance	(2,175)	(586)	(577)
Securities Investment [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Beginning balance	1,010	309	309
OCI before reclassification tax	137	251
Reclassification from OCI Tax	(29)	7
Reclassification from OCI net of deferred taxes	(54)	10
Other comprehensive income, net of tax	197	484
Other comprehensive income (OCI) before reclassifications - net of deferred taxes	251	474
Less: Other comprehensive income (loss) attributable to noncontrolling interests	0	0
Accumulated Other Comprehensive Income (Loss) Ending balance	1,207	793
Currency Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Beginning balance	(838)	(687)	(687)
OCI before reclassification tax	1,539	73
Reclassification from OCI Tax	(1)	124
Reclassification from OCI net of deferred taxes	3	2
Other comprehensive income, net of tax	(1,847)	(84)
Other comprehensive income (OCI) before reclassifications - net of deferred taxes	(1,850)	(86)
Less: Other comprehensive income (loss) attributable to noncontrolling interests	(32)	2
Accumulated Other Comprehensive Income (Loss) Ending balance	(2,653)	(773)
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Beginning balance	(172)	(293)	(293)
OCI before reclassification tax	(59)	69
Reclassification from OCI Tax	119	(4)
Reclassification from OCI net of deferred taxes	873	(61)
Other comprehensive income, net of tax	10	68
Other comprehensive income (OCI) before reclassifications - net of deferred taxes	(863)	129
Less: Other comprehensive income (loss) attributable to noncontrolling interests	0	0
Accumulated Other Comprehensive Income (Loss) Ending balance	(162)	(225)
Benefit Plans Adj [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Beginning balance	(577)	(363)	(363)
Other comprehensive income, net of tax	10	(18)
Less: Other comprehensive income (loss) attributable to noncontrolling interests	0	0
Net actuarial gain loss - deferred tax	(3)	(8)
Net acturial gain (loss) net of deferred taxes	5	(22)
Net actuarial loss amortization - deferred tax	2	2
Net actuarial loss amortization net of tax	5	4
Accumulated Other Comprehensive Income (Loss) Ending balance	$ (567)	$ (381)

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Borrowings and Bank Deposits

3 Months Ended

Mar. 31, 2015

Debt Disclosure [Abstract]

Borrowings and Bank Deposits

NOTE6. BORROWINGS AND BANK DEPOSITS

(In millions)	March 31, 2015		December 31, 2014
Short-term borrowings
Commercial paper(a)
U.S.	$	22,227	$	22,019
Non-U.S.		2,787		2,993
Current portion of long-term borrowings(a)(b)(c)		35,545		37,724
GE Interest Plus notes(d)		5,457		5,467
Other(c)		162		312
Total short-term borrowings	$	66,178	$	68,515
Long-term borrowings
Senior unsecured notes(a)(b)(e)	$	156,635	$	162,629
Subordinated notes(a)		4,635		4,804
Subordinated debentures(a)(f)(g)		6,543		7,085
Other(a)(c)(h)		10,224		13,231
Total long-term borrowings	$	178,037	$	187,749
Non-recourse borrowings of
consolidated securitization entities(i)	$	29,035	$	29,938
Bank deposits(j)	$	62,691	$	62,839
Total borrowings and bank deposits	$	335,941	$	349,041

• On April 10, 2015, GE announced it would provide a full and unconditional guarantee on the payment of the principal and interest on all tradable senior and subordinated outstanding long-term debt securities and all commercial paper issued or guaranteed by GECC. Short term borrowings included $25,014 million of commercial paper and $31,127 million of the current portion of long-term borrowings. Long term borrowings included $143,153 million of senior unsecured notes, $3,871 million of subordinated notes, $6,543 million of subordinated debentures, and $400 million of other.
• Included $434 million and $439 million of obligations to holders of GICs at March 31, 2015 and December 31, 2014, 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 $5,547 million and $5,552 million of funding secured by real estate, aircraft and other collateral at March 31, 2015 and December 31, 2014, respectively, of which $1,732 million and $1,847 million is non-recourse to GECC at March 31, 2015 and December 31, 2014, respectively.
• Entirely variable denomination floating-rate demand notes.
• Included $4,592 million related to Synchrony Financial.
• Subordinated debentures receive rating agency equity credit.
• Included $2,526 million of subordinated debentures, which constitute the sole assets of trusts that 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 $5,651 million related to Synchrony Financial.
• Included $6,374 million and $7,442 million of current portion of long-term borrowings at March 31, 2015 and December 31, 2014, respectively. See Note 12.
• Included $8,913 million and $10,258 million of deposits in non-U.S. banks at March 31, 2015 and December 31, 2014, respectively, and $15,513 million and $22,848 million of certificates of deposits with maturities greater than one year at March 31, 2015 and December 31, 2014, respectively.

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Income Taxes

3 Months Ended

Mar. 31, 2015

Income Tax Disclosure [Abstract]

Income Taxes

NOTE 7. INCOME TAXES

THE GE CAPITAL EXIT PLAN

In conjunction with the GE Capital Exit Plan, we will significantly reduce our non-U.S. assets while continuing to operate appropriately capitalized non-U.S. businesses with substantial assets related to our vertical financing businesses – Energy Financial Services, GECAS and Healthcare Equipment Finance. As a result of the GE Capital Exit Plan, we recognized a tax expense of $5,980 million in the first quarter of 2015 consisting of $3,549 million related to expected repatriation of excess foreign cash in the amount of approximately $36 billion and the write-off of deferred tax assets of $2,431 million that will no longer be supported under this plan.

Our indefinitely reinvested earnings will be reduced as the expected repatriation of cash will include a portion of the earnings that prior to the approval of the GE Capital Exit Plan were indefinitely reinvested in our international operations. Our indefinitely reinvested earnings will also be reduced by charges recognized in connection with the disposition of international assets with the remainder continuing to be reinvested in the significant international base of assets that will remain after the GE Capital Exit Plan is fully executed. The write-off of deferred tax assets largely relate to our Treasury operations in Ireland where the tax benefits will no longer be apparent to be realized upon implementation of the GE Capital Exit Plan.

UNRECOGNIZED TAX BENEFITS

UNRECOGNIZED TAX BENEFITS
(In millions)	March 31, 2015		December 31, 2014
Unrecognized tax benefits	$	2,961	$	3,055
Portion that, if recognized, would reduce tax expense and effective tax rate(a)		2,245		2,259
Accrued interest on unrecognized tax benefits		417		420
Accrued penalties on unrecognized tax benefits		33		34
Reasonably possible reduction to the balance of unrecognized tax benefits
in succeeding 12 months		0-600		0-600
Portion that, if recognized, would reduce tax expense and effective tax rate(a)		0-50		0-50

(a)Some portion of such reduction may be reported as discontinued operations.

The Internal Revenue Service (IRS) is currently auditing our consolidated U.S. income tax returns for 2010-2011. In addition, certain other U.S. tax deficiency issues and refund claims for previous years are still unresolved. The IRS has disallowed the tax loss on our 2003 disposition of ERC Life Reinsurance Corporation. We have contested the disallowance of this loss. It is reasonably possible that the unresolved items could be resolved during the next 12 months, which could result in a decrease in our balance of unrecognized tax benefits – that is, the aggregate tax effect of differences between tax return positions and the benefits recognized in our financial statements. We believe that there are no other jurisdictions in which the outcome of unresolved issues or claims is likely to be material to our results of operations, financial position or cash flows. We further believe that we have made adequate provision for all income tax uncertainties.

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Revenues From Services

3 Months Ended

Mar. 31, 2015

Financial Services Revenue [Abstract]

Revenues From Services

NOTE 9. REVENUES FROM SERVICES

	Three months ending March 31
(In millions)	2015		2014
Interest on loans	$	3,807	$	4,029
Equipment leased to others		2,427		2,661
Fees		1,048		1,086
Investment income		622		558
Associated companies(a)		388		373
Premiums earned by insurance activities		329		352
Financing leases		307		387
Other items(b)		(2,967)		412
Total	$	5,961	$	9,858

(a)Aggregate summarized financial information for significant associated companies assuming a 100% ownership interest is included total assets at March 31, 2015 and December 31, 2014 of $66,581 million and $78,632 million, respectively. Assets were primarily financing receivables of $36,538 million and $46,481 million at March 31, 2015 and December 31, 2014, respectively. Total liabilities were $48,166 million and $57,273 million, consisted primarily of bank deposits of $2,085 million and $1,853 million at March 31, 2015 and December 31, 2014, respectively, and debt of $39,770 million and $39,147 million at March 31, 2015 and December 31, 2014, respectively. Revenues for the three months endedMarch 31, 2015 and 2014 totaled $3,220 million and $3,544 million, respectively, and net earnings for the three months ended March 31, 2015 and 2014 totaled $299 million and $437 million, respectively.

(b)During the three months ended March 31, 2015, other items primarily comprised estimated losses on CLL businesses classified as assets of businesses held for sale ($1,845 million) and impairments related to equity method investments ($1,404 million) in connection with the GE Capital Exit Plan.

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Shareowners' Equity (Changes Noncontrolling Interests) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Stockholders' Equity Note [Abstract]
Synchrony Financial	$ 2,617		$ 2,531
AOCI and other	$ 1	$ 3

XML

Fair Value Measurements - Recurring (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Cumulative gain (loss) adjustment for non performance risk	$ 5	$ 8
Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	43,863	49,182
Liabilities	106	118
Fair Value of debt securities transferred between level 1 and level 2			0
Cumulative gain (loss) adjustment for non performance risk		5	8
Fair Value, Measurements, Recurring | Derivative liabilities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	87	98
Fair Value, Measurements, Recurring | Other Liabilities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	19	20
Fair Value, Measurements, Recurring | Retained Interest [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	17	17
Fair Value, Measurements, Recurring | Derivatives
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	2,010	1,704
Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	264	308
Liabilities	0	0
Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | Derivative liabilities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	0	0
Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | Other Liabilities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	0	0
Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | Retained Interest [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	0	0
Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | Derivatives
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	0	0
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	47,150	44,176
Liabilities	5,464	4,318
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | Derivative liabilities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	5,445	4,298
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | Other Liabilities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	19	20
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | Retained Interest [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	0	0
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | Derivatives
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	10,155	9,061
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	4,633	12,098
Liabilities	12	15
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring | Derivative liabilities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	12	15
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring | Other Liabilities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	0	0
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring | Retained Interest [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	17	17
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring | Derivatives
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	39	43
Netting Adjustment Including Collateral | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	(8,184)	(7,400)
Liabilities	(5,370)	(4,215)
Netting Adjustment Including Collateral | Fair Value, Measurements, Recurring | Derivative liabilities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	(5,370)	(4,215)
Netting Adjustment Including Collateral | Fair Value, Measurements, Recurring | Other Liabilities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Liabilities	0	0
Netting Adjustment Including Collateral | Fair Value, Measurements, Recurring | Retained Interest [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	0	0
Netting Adjustment Including Collateral | Fair Value, Measurements, Recurring | Derivatives
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	(8,184)	(7,400)
US Corporate | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	24,285	23,787
US Corporate | Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	0	0
US Corporate | Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	21,073	20,659
US Corporate | Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	3,212	3,128
US Corporate | Netting Adjustment Including Collateral | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	0	0
State and municipal | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	5,584	5,749
State and municipal | Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	0	0
State and municipal | Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	5,032	5,171
State and municipal | Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	552	578
State and municipal | Netting Adjustment Including Collateral | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	0	0
Residential Mortgage Backed Securities | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	1,225	1,725
Residential Mortgage Backed Securities | Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	0	0
Residential Mortgage Backed Securities | Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	1,222	1,709
Residential Mortgage Backed Securities | Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	3	16
Residential Mortgage Backed Securities | Netting Adjustment Including Collateral | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	0	0
Commercial mortgage backed | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	2,597	3,063
Commercial mortgage backed | Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	0	0
Commercial mortgage backed | Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	2,595	3,054
Commercial mortgage backed | Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	2	9
Commercial mortgage backed | Netting Adjustment Including Collateral | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	0	0
Asset-backed | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	295	7,918
Asset-backed | Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	0	0
Asset-backed | Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	183	343
Asset-backed | Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	112	7,575
Asset-backed | Netting Adjustment Including Collateral | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	0	0
Corporate non US | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	1,050	1,135
Fair Value of debt securities transferred between level 1 and level 2		13
Corporate non US | Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	13	0
Corporate non US | Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	640	680
Corporate non US | Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	397	455
Corporate non US | Netting Adjustment Including Collateral | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	0	0
Government - non-U.S. | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	1,468	1,796
Fair Value of debt securities transferred between level 1 and level 2		487
Government - non-U.S. | Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	55	56
Government - non-U.S. | Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	1,411	1,738
Government - non-U.S. | Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	2	2
Government - non-U.S. | Netting Adjustment Including Collateral | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	0	0
U.S. Government and federal agency | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	5,115	2,013
U.S. Government and federal agency | Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	0	0
U.S. Government and federal agency | Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	4,824	1,747
U.S. Government and federal agency | Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	291	266
U.S. Government and federal agency | Netting Adjustment Including Collateral | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	0	0
Available-for-sale Securities | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	198	254
Available-for-sale Securities | Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	177	231
Available-for-sale Securities | Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	15	14
Available-for-sale Securities | Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	6	9
Available-for-sale Securities | Netting Adjustment Including Collateral | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	0	0
Trading [Member] | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	19	21
Trading [Member] | Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	19	21
Trading [Member] | Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	0	0
Trading [Member] | Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	0	0
Trading [Member] | Netting Adjustment Including Collateral | Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Assets Fair Value Disclosure	$ 0	$ 0

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Shareowners' Equity (Other - Parenthetical) (Details) (USD $) In Millions, except Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Preferred Stock, Shares Issued	50,000		50,000
Preferred Stock, Par or Stated Value Per Share	$ 0.01		$ 0.01
Proceeds From Issuance Of Preferred Stock	$ 0	$ 0
Payments of Dividends	$ 450	$ 500

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Variable Interest Entities (Tables)

3 Months Ended

Mar. 31, 2015

Variable Interest Entities [Abstract]

Schedule of VIE

ASSETS AND LIABILITIES OF CONSOLIDATED VIEs
				Consolidated Securitization Entities
				Credit						Trade
(In millions)	Trinity		(a)	cards		(b)	Equipment		(b)	receivables			Other			Total
March 31, 2015
Assets(c)
Financing receivables, net	$	-		$	23,637		$	13,388	(e)	$	2,846	(d)	$	2,842	(e)	$	42,713
Investment securities		2,291			-			-			-			999			3,290
Other assets		115			143			795			1			1,399			2,453
Total	$	2,406		$	23,780		$	14,183		$	2,847		$	5,240		$	48,456
Liabilities(c)
Borrowings	$	-		$	-		$	-		$	-		$	669		$	669
Non-recourse borrowings		-			13,817			10,616			2,677			451			27,561
Other liabilities		1,020			312			453			29			1,390			3,204
Total	$	1,020		$	14,129		$	11,069		$	2,706		$	2,510		$	31,434
December 31, 2014
Assets(c)
Financing receivables, net	$	-		$	25,645		$	12,843		$	3,028	(d)	$	3,064		$	44,580
Investment securities		2,369			-			-			-			1,005			3,374
Other assets		17			1,059			766			2			1,866			3,710
Total	$	2,386		$	26,704		$	13,609		$	3,030		$	5,935		$	51,664
Liabilities(c)
Borrowings	$	-		$	-		$	-		$	-		$	519		$	519
Non-recourse borrowings		-			14,967			10,359			2,692			646			28,664
Other liabilities		1,022			332			593			26			1,187			3,160
Total	$	1,022		$	15,299		$	10,952		$	2,718		$	2,352		$	32,343

(a) Excluded intercompany advances from GECC to Trinity, which were eliminated in consolidation of $1,565 million and $1,565 million at March 31, 2015and December 31, 2014, respectively.

(b)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 March 31, 2015and December 31, 2014, the amounts of commingled cash owed to the CSEs were $2,702 million and $2,809million, respectively, and the amounts owed to us by CSEs were $2,735 million and $2,913 million, respectively.

(c)Asset amounts exclude intercompany receivables for cash collected on behalf of the entities by GECC 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.

(d)Included $659 million and $686 million of receivablesat March 31, 2015and December 31, 2014, respectively, originated by Appliances. We require third party debt holder consent to sell these assets. The receivables will be included in assets of businesses held for sale when the consent is received.

(e)Included $15.2 billion of financing receivables at March 31, 2015 classified as financing receivables held for sale in connection with the GE Capital Exit Plan.

Unconsolidated VIE

INVESTMENTS IN UNCONSOLIDATED VIEs
(In millions)	March 31, 2015		December 31, 2014
Other assets and investment securities	$	634	$	8,631
Financing receivables – net		464		2,090
Total investments		1,098		10,721
Contractual obligations to fund investments or guarantees		1,851		2,191
Revolving lines of credit		108		168
Total	$	3,057	$	13,080
Investment of businesses held for sale (a)		9,371		-
Total	$	12,428	$	13,080

(a) We committed to sell certain businesses in connection with the GE Capital Exit Plan and reclassified amounts to assets of businesses held for sale. The balance at March 31, 2015 primarily relates to our $8,377 million investment in asset-backed securities issued by SSLP which was included in Financing receivables – net and Other assets and investment securities for the period ended December 31, 2014.

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Financing Receivables and Allowance for Losses on Financing Receivables (Portfolio) (Details) (USD $) In Millions, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	$ 81,413	$ 222,296
Less allowance for losses	(3,349)	(4,914)	(4,969)	(4,986)
Financing receivables - net (Notes 4 and 13)	78,064	217,382
Total CLL [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	12,555	110,503
Less allowance for losses	(35)	(831)	(868)	(978)
GE Capital Aviation Services (GECAS)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	7,817	8,263
Less allowance for losses	(42)	(46)	(25)	(17)
Energy Financial Services [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	2,666	2,580
Less allowance for losses	(17)	(26)	(16)	(8)
Other commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	127	130
Less allowance for losses			0	(2)
Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	23,165	121,476
Less allowance for losses	(94)	(903)	(909)	(1,005)
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	58,248	100,820
Less allowance for losses	$ (3,255)	$ (4,011)	$ (4,060)	$ (3,981)

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Operating Segments MD&A

3 Months Ended

Mar. 31, 2015

Operating Segments [Abstract]

Operating segment

SUMMARY OF OPERATING SEGMENTS
	Three months ended March 31
(In millions)	2015		2014		V%
Revenues
CLL	$	1,556	$	3,582		(57)%
Consumer		2,058		3,602		(43)%
Energy Financial Services		285		469		(39)%
GECAS		1,282		1,345		(5)%
Total segment revenues		5,181		8,998		(42)%
GECC corporate items and eliminations		801		887		(10)%
Total revenues	$	5,982	$	9,885		(39)%
Segment profit (loss)
CLL	$	(3,847)	$	564		U
Consumer		(2,775)		786		U
Energy Financial Services		35		153		(77)%
GECAS		307		352		(13)%
Total segment profit (loss)		(6,280)		1,855		U
GECC corporate items and eliminations		(6,264)		(162)		U
Earnings (loss) from continuing operations attributable to GECC		(12,544)		1,693		U
Preferred stock dividends declared		-		-		-
Earnings (loss) from continuing operations attributable to GECC common shareowner		(12,544)		1,693		U
Earnings (loss) from discontinued operations, net of taxes		(2,201)		252		U
Net earnings (loss) attributable to GECC common shareowner	$	(14,745)	$	1,945		U

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Financing Receivables and Allowance for Losses on Financing Receivables (Tables)

3 Months Ended

Mar. 31, 2015

Financing Receivables And Allowance For Losses On Financing Receivables [Abstract]

Financing Receivables

FINANCING RECEIVABLES, NET
(in millions)	March 31, 2015		December 31, 2014
Loans, net of deferred income	$	76,066	$	197,949
Investment in financing leases, net of deferred income		5,347		24,347
		81,413		222,296
Allowance for losses		(3,349)		(4,914)
Financing receivables – net(a)	$	78,064	$	217,382

(a) Financing receivables at December 31, 2014 included $209 million relating to loans that had been acquired in a transfer but have been subject to credit deterioration since origination.There were nosuch amounts at March 31, 2015.

Schedule Of Financing Receivables By Portfolio

FINANCING RECEIVABLES
(in millions)	March 31, 2015			December 31, 2014
Commercial
CLL	$	12,555	(a)	$	110,503
Energy Financial Services		2,666			2,580
GE Capital Aviation Services (GECAS)		7,817			8,263
Other		127			130
Total Commercial		23,165			121,476
Consumer		58,248	(b)		100,820
Total financing receivables		81,413			222,296
Allowance for losses		(3,349)			(4,914)
Total financing receivables – net	$	78,064		$	217,382

• Includes Healthcare Equipment Finance and Working Capital Solutions, a business that purchases GE customer receivables.
• Includes Synchrony Financial, our U.S. consumer business.

Schedule of allowance for losses

ALLOWANCE FOR LOSSES
			Provision
	Balance at		charged to					Gross						Balance at
(In millions)	January 1		operations(a)		Other		(b)	write-offs		(a)(c)	Recoveries		(c)	March 31
2015
Commercial
CLL	$	831	$	1,749	$	(250)		$	(2,345)		$	50		$	35
Energy Financial Services		26		7		(1)			(15)			-			17
GECAS		46		(4)		-			-			-			42
Total Commercial		903		1,752		(251)			(2,360)			50			94
Consumer		4,011		3,107		(274)			(3,885)			296			3,255
Total	$	4,914	$	4,859	$	(525)		$	(6,245)		$	346		$	3,349

2014
Commercial
CLL	$	978	$	102	$	1	$	(256)	$	43	$	868
Energy Financial Services		8		9		-		(2)		1		16
GECAS		17		8		-		-		-		25
Other		2		(1)		(1)		-		-		-
Total Commercial		1,005		118		-		(258)		44		909
Consumer		3,981		866		16		(1,083)		280		4,060
Total	$	4,986	$	984	$	16	$	(1,341)	$	324	$	4,969

• Provision charged to operations included $3,955 million and gross write-offs included $5,072 million related to the effects of the 2015 reclassification of financing receivables to financing receivables held for sale recorded at the lower of cost or fair value, less cost to sell.
• Other primarily includes the 2015 reclassification of financing receivables to assets of businesses held for sale and the effects of currency exchange.
• Net write-offs (gross write-offs less recoveries) in certain portfolios may exceed the beginning allowance for losses as a result of losses that are incurred subsequent to the beginning of the fiscal year due to information becoming available during the current year, which may identify further deterioration on existing financing receivables.

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Financing Receivables and Allowance for Losses on Financing Receivables (Details) (USD $) In Millions, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, Gross	$ 81,413	$ 222,296
Less allowance for losses	(3,349)	(4,914)	(4,969)	(4,986)
Financing receivables, net	78,064	217,382
Loans that have been acquired in a transfer but have been subject to credit deterioration since origination per ASC 310, Receivables	0	209
Loans and Finance Receivables [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, Gross	76,066	197,949
Financing Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, Gross	$ 5,347	$ 24,347

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Businesses Held for Sale, Financing Receivables Held for Sale and Discontinued Operations (WMC) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Financial Information For Businesses Held For Sale [Line Items]
Lawsuit Relating To Representations And Warranties Amount Of Mortgages	$ 12,671
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	(2,201)	252
WMC Discontinued Operations [Member]
Financial Information For Businesses Held For Sale [Line Items]
Adjustment For Pending Claims For Unmet Representations And Warranties	5
Number Of Securitizations Related To Lawsuits Involving repurchase Claims On Loans In Which Adverse Parties Are Securitization Trustees	14
Number Of Lawsuits Involving Repurchase Claims On Loans	15
WMC Discontinued Operations [Member] | Minimum [Member]
Financial Information For Businesses Held For Sale [Line Items]
Increase To Reserve For Claims For Unmet Representations And Warranties For Ten Percent Adverse Effect In Assumptions	0
WMC Discontinued Operations [Member] | Maximum [Member]
Financial Information For Businesses Held For Sale [Line Items]
Increase To Reserve For Claims For Unmet Representations And Warranties For Ten Percent Adverse Effect In Assumptions	$ 500

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Consolidated Statement of Financial Position (USD $) In Millions, unless otherwise specified	Mar. 31, 2015		Dec. 31, 2014
Assets
Cash and equivalents	$ 73,632		$ 74,105
Investment securities (Note 3)	41,853		47,478
Inventories	49		50
Financing receivables - net (Notes 4 and 13)	78,064		217,382
Other receivables	14,149		16,278
Property, Plant and Equipment, Net	45,130		49,429
Goodwill (Note 5)	19,639		24,489
Other intangible assets - net (Note 5)			1,067
All other assets	25,019		29,038
Financing receivables held for sale (Note 2)	92,959		1,830
Assets of businesses held for sale (Note 2)	53,598		3,474
Assets of discontinued operations (Note 2)	31,252		36,785
Total assets(a)	476,460	[1]	501,405	[1]
Liabilities and equity
Short-term borrowings (Note 6)	66,178		68,515
Accounts payable	4,960		5,632
Non-recourse borrowings of consolidated securitization entities (Note 6)	29,035		29,938
Bank deposits (Note 6)	62,691		62,839
Long-term borrowings (Note 6)	178,037		187,749
Investment contracts, insurance liabilities and insurance annuity benefits	28,222		28,027
Other liabilities	14,292		16,315
Deferred income taxes (Note 7)	11,061		7,419
Liabilities of businesses held for sale (Note 2)	6,334		2,434
Liabilities of discontinued operations (Note 2)	1,951		2,139
Total liabilities(a)	402,761	[1]	411,007	[1]
Preferred stock, $0.01 par value (750,000 shares authorized at March 31, 2015 and December 31, 2014 and 50,000 shares issued and outstanding at both March 31, 2015 and December 31, 2014)	0		0
Common stock, $14 par value (4,166,000 shares authorized at both March 31, 2015 and December 31, 2014 and 1,000 shares issued and outstanding at both March 31, 2015 and December 31, 2014)	0		0
Accumulated other comprehensive income (loss) - net(b)
Investment securities	1,207	[2]	1,010	[2]
Currency translation adjustments	(2,653)	[2]	(838)	[2]
Cash flow hedges	(162)	[2]	(172)	[2]
Benefit plans	(567)	[2]	577	[2]
Additional paid-in capital	33,005		32,999
Retained earnings	39,882		55,077
Total Company shareowners' equity	70,712		87,499
Noncontrolling interests(c) (Note 8)	2,987		2,899	[3]
Total equity (Note 8)	73,699		90,398
Total liabilities and equity	$ 476,460		$ 501,405

[1] (a) Our consolidated assets at March 31, 2015 included total assets of $48,303million 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 $27,831 million, financing receivables held for sale of $14,171 millionand investment securities of $3,290 million. Our consolidated liabilities at March 31, 2015 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 $27,561 million. See Note 12.

[2] (b) The sum of accumulated other comprehensive income (loss) (AOCI) attributable to GECC was $(2,175) million and $(577) million atMarch 31, 2015 and December 31, 2014, respectively.

[3] (c) Included AOCI attributable to noncontrolling interests of $(187) million and $(154) million at March 31, 2015 and December 31, 2014, respectively.

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Investment Securities

3 Months Ended

Mar. 31, 2015

Investments, Debt and Equity Securities [Abstract]

Investment Securities

NOTE 3. INVESTMENT SECURITIES

Substantially all of our investment securities are classified as available-for-sale. These comprise mainly investment-grade debt securities supporting obligations to annuitants and policyholders in our run-off insurance operations and supporting obligations to holders of guaranteed investment contracts (GICs) in Trinity. We do not have any securities classified as held-to-maturity.

	March 31, 2015								December 31, 2014
			Gross		Gross						Gross		Gross
	Amortized		unrealized		unrealized		Estimated		Amortized		unrealized		unrealized		Estimated
(In millions)	cost		gains		losses		fair value		cost		gains		losses		fair value
Debt
U.S. corporate	$	20,015	$	4,322	$	(52)	$	24,285	$	19,889	$	3,967	$	(69)	$	23,787
State and municipal		4,967		667		(50)		5,584		5,181		624		(56)		5,749
Residential mortgage-backed(a)		1,129		100		(4)		1,225		1,578		153		(6)		1,725
Commercial mortgage-backed		2,421		181		(5)		2,597		2,903		170		(10)		3,063
Asset-backed		301		11		(17)		295		8,084		9		(175)		7,918
Corporate – non-U.S.		914		137		(1)		1,050		1,021		115		(1)		1,135
Government – non-U.S.		1,287		182		(1)		1,468		1,646		152		(2)		1,796
U.S. government and federal agency		5,029		86		-		5,115		1,957		56		-		2,013
Retained interests		16		1		-		17		16		1		-		17
Equity
Available-for-sale		144		55		(1)		198		197		58		(1)		254
Trading		19		-		-		19		21		-		-		21
Total	$	36,242	$	5,742	$	(131)	$	41,853	$	42,493	$	5,305	$	(320)	$	47,478

(a)Substantially collateralized by U.S. mortgages. At March 31, 2015, $1,191million related to securities issued by government-sponsored entities and $34million related to securities of private-label issuers. Securities issued by private-label issuers are collateralized primarily by pools of individual direct mortgage loans of financial institutions.

The fair value of investment securities decreased to $41,853 million at March 31, 2015, from $47,478 million atDecember 31, 2014, primarily due to asset-backed debt securities collateralized by senior secured loans of high-quality, middle-market companies in a variety of industries, which were transferred to assets of businesses held for sale in connection with the GE Capital Exit Plan. This decrease was partially offset by purchases of U.S. government and federal agency securities primarily at Synchrony Financial and Trinity.

ESTIMATED FAIR VALUE AND GROSS UNREALIZED LOSSES OF AVAILABLE-FOR-SALE INVESTMENT SECURITIES
	In loss position for
	Less than 12 months					12 months or more
			Gross					Gross
	Estimated		unrealized			Estimated		unrealized
(In millions)	fair value		losses		(a)	fair value		losses		(a)
March 31, 2015
Debt
U.S. corporate	$	820	$	(22)		$	295	$	(30)
State and municipal		206		(2)			203		(48)
Residential mortgage-backed		127		(1)			97		(3)
Commercial mortgage-backed		101		-			26		(5)
Asset-backed		58		-			77		(17)
Corporate – non-U.S.		27		(1)			2		-
Government – non-U.S.		403		(1)			-		-
U.S. government and federal agency		1,497		-			1		-
Equity		11		(1)			-		-
Total	$	3,250	$	(28)		$	701	$	(103)	(b)
December 31, 2014
Debt
U.S. corporate	$	554	$	(16)		$	836	$	(53)
State and municipal		81		(1)			348		(55)
Residential mortgage-backed		30		-			159		(6)
Commercial mortgage-backed		165		(1)			204		(9)
Asset-backed		7,493		(158)			77		(17)
Corporate – non-U.S.		42		(1)			3		-
Government – non-U.S.		677		(2)			14		-
U.S. government and federal agency		705		-			1		-
Retained interests		-		-			-		-
Equity		14		(1)			-		-
Total	$	9,761	$	(180)		$	1,642	$	(140)

(a) Included gross unrealized losses related to securities that had other-than-temporary impairments previously recognized of an insignificant amount at March 31, 2015.

(b)The majority relate to debt securities held to support obligations to holders of GICs and more than 70% are debt securities that were considered to be investment-grade by the major rating agencies at March 31, 2015.  

We regularly review investment securities for other-than-temporary impairment (OTTI) using both qualitative and quantitative criteria. For debt securities, our qualitative review considers our ability and intent to hold the security and the financial condition of and near-term prospects for the issuer, including whether the issuer is in compliance with the terms and covenants of the security. Our quantitative review considers whether there has been an adverse change in expected future cash flows. Unrealized losses are not indicative of the amount of credit loss that would be recognized and at March 31, 2015 are primarily due to increases in market yields subsequent to our purchase of the securities. We presently do not intend to sell the vast majority of our debt securities that are in an unrealized loss position and believe that it is not more likely than not that we will be required to sell the vast majority of these securities before anticipated recovery of our amortized cost. The methodologies and significant inputs used to measure the amount of credit loss for our investment securities during 2015 have not changed. For equity securities, we consider the duration and the severity of the unrealized loss. We believe that the unrealized loss associated with our equity securities will be recovered within the foreseeable future.

Our corporate debt portfolio comprises securities issued by public and private corporations in various industries, primarily in the U.S. Substantially all of our corporate debt securities are rated investment grade by the major rating agencies.

Our RMBS portfolio is collateralized primarily by pools of individual, direct mortgage loans, of which substantially all are in a senior position in the capital structure of the deals, not other structured products such as collateralized debt obligations. Of the total RMBS held at March 31, 2015, $1,191 million and $34 million related to agency and non-agency securities, respectively. Additionally, $65 million was related to residential subprime credit securities, primarily supporting obligations to annuitants and policyholders in our run-off insurance operations. Substantially all of the subprime exposure is related to securities backed by mortgage loans originated in 2005 and prior and are investment grade.

Our commercial mortgage-backed securities (CMBS) portfolio is collateralized by both diversified pools of mortgages that were originated for securitization (conduit CMBS) and pools of large loans backed by high-quality properties (large loan CMBS), a majority of which were originated in 2008 and prior. The vast majority of the securities in our CMBS portfolio have investment-grade credit ratings.

PRE-TAX, OTHER-THAN-TEMPORARY IMPAIRMENTS ON INVESTMENT SECURITIES
	Three months ended March 31
(In millions)	2015		2014
Total pre-tax, OTTI recognized	$	3	$	10
Pre-tax, OTTI recognized in AOCI		-		(4)
Pre-tax, OTTI recognized in earnings(a)	$	3	$	6

(a)Included pre-tax, other-than-temporary impairments recorded in earnings related to equity securities of an insignificant amount and $1million inthe three months endedMarch 31, 2015 and 2014, respectively.

CHANGES IN CUMULATIVE CREDIT LOSS IMPAIRMENTS RECOGNIZED ON DEBT SECURITIES STILL HELD
	Three months ended March 31
(In millions)	2015		2014
Cumulative credit loss impairments recognized, beginning of period	$	557	$	853
Credit loss impairments recognized on securities not previously impaired		-		-
Incremental credit loss impairments recognized on securities previously impaired		-		1
Less credit loss impairments previously recognized on securities sold
during the period or that we intend to sell		4		51
Cumulative credit loss impairments recognized, end of period	$	553	$	803

CONTRACTUAL MATURITIES OF INVESTMENT IN AVAILABLE-FOR-SALE DEBT SECURITIES
(EXCLUDING MORTGAGE-BACKED AND ASSET-BACKED SECURITIES)
	Amortized		Estimated
(In millions)	cost		fair value
Due
Within one year	$	4,719	$	4,732
After one year through five years		3,694		3,955
After five years through ten years		5,146		5,634
After ten years		18,653		23,181

We expect actual maturities to differ from contractual maturities because borrowers have the right to call or prepay certain obligations.

GROSS REALIZED GAINS AND LOSSES ON AVAILABLE-FOR-SALE INVESTMENT SECURITIES
	Three months ended March 31
(In millions)	2015		2014
Gains	$	97	$	13
Losses, including impairments		(14)		(7)
Net	$	83	$	6

Although we generally do not have the intent to sell any specific securities at the end of the period, in the ordinary course of managing our investment securities portfolio, we may sell securities prior to their maturities for a variety of reasons, including diversification, credit quality, yield and liquidity requirements and the funding of claims and obligations to policyholders. In some of our bank subsidiaries, we maintain a certain level of purchases and sales volume principally of non-U.S. government debt securities. In these situations, fair value approximates carrying value for these securities.

Proceeds from investment securities sales and early redemptions by issuers totaled $3,561 million and $1,327 million in the three months endedMarch 31, 2015 and 2014, respectively, principally from sales of short-term government securities in our bank subsidiaries and redemptions of non-U.S. corporate and asset-backed securities in our CLL business.  In addition, proceeds from investment securities sales in the three months endedMarch 31, 2015included $1,627 million principally from sales of CMBS, RMBS and state and municipal securities at Trinity.

We recognized pre-tax gains (losses) on trading securities of $(2) million and $(5) million in the three months endedMarch 31, 2015 and 2014, respectively

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Income Taxes (Unrecognized Tax Benefits) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Income Tax Disclosure [Line Items]
Unrecognized tax benefits	$ 2,961	$ 3,055
Portion that, if recognized, would reduce tax expense and effective tax rate	2,245	2,259
Accrued interest on unrecognized tax benefits	417	420
Accrued penalties on unrecognized tax benefits	33	34
Reasonably possible reduction to the balance of unrecognized tax benefits in succeeding 12 months lower limit	0	0
Reasonably possible reduction to the balance of unrecognized tax benefits in succeeding 12 months upper limit	600	600
Minimum [Member]
Income Tax Disclosure [Line Items]
Portion that, if recognized, would reduce tax expense and effective tax rate	0	0
Maximum [Member]
Income Tax Disclosure [Line Items]
Portion that, if recognized, would reduce tax expense and effective tax rate	$ 50	$ (50)

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Supplemental Information About The Credit Quality Of Financing Receivables And Allowance For Losses On Financing Receivables (Non impaired general Reserve) (Details) (USD $) In Millions, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment [Line Items]
Financing receivables	$ 78,064	$ 217,382
General reserves	3,100	4,361
Total impaired loans	973	5,275
Allowance for losses (specific reserves)		553
Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
General reserves	89	758
Total impaired loans	247	3,095
Allowance for losses (specific reserves)		145
Consumer [Member]
Financing Receivable, Recorded Investment [Line Items]
General reserves	3,011	3,603
Total impaired loans	726	2,180
Allowance for losses (specific reserves)		408
Non-impaired Financing Receivables
Financing Receivable, Recorded Investment [Line Items]
Financing receivables	80,440	217,021
Non-impaired Financing Receivables | Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing receivables	22,918	118,381
Non-impaired Financing Receivables | Consumer [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing receivables	$ 57,522	$ 98,640

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Fair Value Measurements (Significant Unobservable Input) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Fair Value, Measurement Recurring Basis, Asset Value	2,676	2,598
Fair Value, Measurements, Recurring
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Fair Value, Measurement Recurring Basis, Asset Value	42	82
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Fair value measurments - nonrecurring	3,741	96
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Fair Value, Measurement Recurring Basis, Asset Value	4,631	12,092	11,592	11,261
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring | Domestic Corporate Debt Securities [Member] | Income Approach [Member]
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Fair Value, Measurement Recurring Basis, Asset Value	1,015	980
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring | Domestic Corporate Debt Securities [Member] | Income Approach, Busines Enterprise Value [Member]
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Fair Value, Measurement Recurring Basis, Asset Value		980
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring | Domestic Corporate Debt Securities [Member] | Financing receivables and loans held for sale [Member] | Income Approach [Member] | Lower Limit
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate	170.00%	150.00%
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring | Domestic Corporate Debt Securities [Member] | Financing receivables and loans held for sale [Member] | Income Approach [Member] | Maximum [Member]
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate	1320.00%	1480.00%
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring | Domestic Corporate Debt Securities [Member] | Financing receivables and loans held for sale [Member] | Income Approach [Member] | Weighted Average [Member]
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate	670.00%	660.00%
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring | Asset-backed Securities [Member] | Income Approach [Member]
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Fair Value, Measurement Recurring Basis, Asset Value	99	7,554
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring | Asset-backed Securities [Member] | Income Approach, Busines Enterprise Value [Member]
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Fair Value, Measurement Recurring Basis, Asset Value		7,554
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring | Asset-backed Securities [Member] | Financing receivables and loans held for sale [Member] | Income Approach [Member] | Lower Limit
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate	530.00%	220.00%
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring | Asset-backed Securities [Member] | Financing receivables and loans held for sale [Member] | Income Approach [Member] | Maximum [Member]
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate	900.00%	1240.00%
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring | Asset-backed Securities [Member] | Financing receivables and loans held for sale [Member] | Income Approach [Member] | Weighted Average [Member]
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate	560.00%	500.00%
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring | Foreign Corporate Debt Securities [Member] | Income Approach [Member]
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Fair Value, Measurement Recurring Basis, Asset Value	333	388
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring | Foreign Corporate Debt Securities [Member] | Income Approach, Busines Enterprise Value [Member]
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Fair Value, Measurement Recurring Basis, Asset Value		388
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring | Foreign Corporate Debt Securities [Member] | Financing receivables and loans held for sale [Member] | Income Approach [Member] | Lower Limit
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate	20.00%	40.00%
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring | Foreign Corporate Debt Securities [Member] | Financing receivables and loans held for sale [Member] | Income Approach [Member] | Maximum [Member]
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate	1400.00%	1400.00%
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring | Foreign Corporate Debt Securities [Member] | Financing receivables and loans held for sale [Member] | Income Approach [Member] | Weighted Average [Member]
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate	560.00%	570.00%
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring | State And Municipal Debt Securities [Member] | Income Approach [Member]
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Fair Value, Measurement Recurring Basis, Asset Value	456	481
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring | State And Municipal Debt Securities [Member] | Income Approach, Busines Enterprise Value [Member]
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Fair Value, Measurement Recurring Basis, Asset Value		481
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring | State And Municipal Debt Securities [Member] | Financing receivables and loans held for sale [Member] | Income Approach [Member] | Lower Limit
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate	280.00%	190.00%
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring | State And Municipal Debt Securities [Member] | Financing receivables and loans held for sale [Member] | Income Approach [Member] | Maximum [Member]
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate	630.00%	590.00%
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring | State And Municipal Debt Securities [Member] | Financing receivables and loans held for sale [Member] | Income Approach [Member] | Weighted Average [Member]
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate	480.00%	280.00%
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Nonrecurring [Member] | Financing receivables and loans held for sale [Member] | Income Approach [Member]
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Fair value measurments - nonrecurring	40,043	82
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Nonrecurring [Member] | Financing receivables and loans held for sale [Member] | Income Approach [Member] | Lower Limit
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate	100.00%
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Nonrecurring [Member] | Financing receivables and loans held for sale [Member] | Income Approach [Member] | Maximum [Member]
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate	3000.00%
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Nonrecurring [Member] | Financing receivables and loans held for sale [Member] | Income Approach [Member] | Weighted Average [Member]
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate	850.00%
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Nonrecurring [Member] | Financing receivables and loans held for sale [Member] | Business Enterprise Value Valuation Technique [Member] | Lower Limit
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
EBITDA Multiple		4.3
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Nonrecurring [Member] | Financing receivables and loans held for sale [Member] | Business Enterprise Value Valuation Technique [Member] | Maximum [Member]
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
EBITDA Multiple		6.5
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Nonrecurring [Member] | Financing receivables and loans held for sale [Member] | Business Enterprise Value Valuation Technique [Member] | Weighted Average [Member]
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
EBITDA Multiple		6.2
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Nonrecurring [Member] | Financing receivables and loans held for sale [Member] | Income Approach, Busines Enterprise Value [Member] | Lower Limit
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
EBITDA Multiple	0
Capitalization Rate	1.00%
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Nonrecurring [Member] | Financing receivables and loans held for sale [Member] | Income Approach, Busines Enterprise Value [Member] | Maximum [Member]
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
EBITDA Multiple	0
Capitalization Rate	30.00%
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Nonrecurring [Member] | Financing receivables and loans held for sale [Member] | Income Approach, Busines Enterprise Value [Member] | Weighted Average [Member]
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
EBITDA Multiple	0
Capitalization Rate	8.50%
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Nonrecurring [Member] | Cost and equity method investments [Member] | Market Comparables [Member]
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Fair value measurments - nonrecurring	1,928
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Nonrecurring [Member] | Cost and equity method investments [Member] | Market Comparables [Member] | Lower Limit
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Revenue multiple	0.4
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Nonrecurring [Member] | Cost and equity method investments [Member] | Market Comparables [Member] | Maximum [Member]
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Revenue multiple	1
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Nonrecurring [Member] | Cost and equity method investments [Member] | Market Comparables [Member] | Weighted Average [Member]
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Revenue multiple	0.6
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Nonrecurring [Member] | Cost and equity method investments [Member] | Income Approach, Business Enterprise, Market comparables [Member]
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Fair value measurments - nonrecurring		343
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Nonrecurring [Member] | Cost and equity method investments [Member] | Income Approach, Business Enterprise, Market comparables [Member] | Lower Limit
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
EBITDA Multiple		1.8
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Nonrecurring [Member] | Cost and equity method investments [Member] | Income Approach, Business Enterprise, Market comparables [Member] | Maximum [Member]
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
EBITDA Multiple		10.5
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Nonrecurring [Member] | Cost and equity method investments [Member] | Income Approach, Business Enterprise, Market comparables [Member] | Weighted Average [Member]
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
EBITDA Multiple		7
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Nonrecurring [Member] | Cost and equity method investments [Member] | Income Approach, Market Comparables [Member] | Lower Limit
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate		8.00%
Capitalization Rate		1.80%
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Nonrecurring [Member] | Cost and equity method investments [Member] | Income Approach, Market Comparables [Member] | Maximum [Member]
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate		10.00%
Capitalization Rate		10.50%
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Nonrecurring [Member] | Cost and equity method investments [Member] | Income Approach, Market Comparables [Member] | Weighted Average [Member]
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate		9.40%
Capitalization Rate		7.00%
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Nonrecurring [Member] | Cost and equity method investments [Member] | Income Approach, Busines Enterprise Value [Member] | Lower Limit
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
EBITDA Multiple	0
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Nonrecurring [Member] | Cost and equity method investments [Member] | Income Approach, Busines Enterprise Value [Member] | Maximum [Member]
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
EBITDA Multiple	0
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Nonrecurring [Member] | Cost and equity method investments [Member] | Income Approach, Busines Enterprise Value [Member] | Weighted Average [Member]
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
EBITDA Multiple	0
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Nonrecurring [Member] | Long Lived Assets, Including Real Estate [Member] | Income Approach [Member]
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Fair value measurments - nonrecurring	381	666
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Nonrecurring [Member] | Long Lived Assets, Including Real Estate [Member] | Income Approach [Member] | Lower Limit
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate		200.00%
Capitalization Rate	450.00%
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Nonrecurring [Member] | Long Lived Assets, Including Real Estate [Member] | Income Approach [Member] | Maximum [Member]
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate		1900.00%
Capitalization Rate	1540.00%
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Nonrecurring [Member] | Long Lived Assets, Including Real Estate [Member] | Income Approach [Member] | Weighted Average [Member]
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate		680.00%
Capitalization Rate	760.00%

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Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in goodwill balance

CHANGES IN GOODWILL BALANCES
					Dispositions,
					currency
	Balance at				exchange		Balance at
(In millions)	January 1, 2015		Acquisitions		and other		March 31, 2015
CLL	$	13,058	$	-	$	(4,928)	$	8,130
Consumer		9,777		-		(673)		9,104
Energy Financial Services		1,507		-		-		1,507
GECAS		147		752		(1)		898
Total	$	24,489	$	752	$	(5,602)	$	19,639

Intangible assets subject to amortization

INTANGIBLE ASSETS SUBJECT TO AMORTIZATION
	March 31, 2015						December 31, 2014
	Gross						Gross
	carrying		Accumulated				carrying		Accumulated
(In millions)	amount		amortization		Net		amount		amortization		Net
Customer-related	$	1,277	$	(752)	$	525	$	1,345	$	(844)	$	501
Capitalized software		1,674		(1,397)		277		2,108		(1,609)		499
Lease valuations		251		(124)		127		140		(124)		16
Trademarks		39		(6)		33		30		(20)		10
Patents and technology		85		(82)		3		87		(83)		4
Present value of future profits(a)		623		(623)		-		614		(614)		-
All other		609		(458)		151		391		(354)		37
Total	$	4,558	$	(3,442)	$	1,116	$	4,715	$	(3,648)	$	1,067

(a) Balances at March 31, 2015 and December 31, 2014 reflect adjustments of $287 million and $293 million, respectively, to the present value of future profits in our run-off insurance operation to reflect the effects that would have been recognized had the related unrealized investment securities holding gains and losses actually been realized.

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Financial Instruments (Cash flow hedges) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Summary Of Cash Flow Hedge Activity [Line Items]
Pre-tax gain (loss) included in AOCI related to cash flow hedges of forecasted transactions	$ 160
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months	(222)
Maximum term of hedged forecasted transactions	P18Y	P19Y
Hedge ineffectiveness gain (loss)	(32)	(16)
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Summary Of Cash Flow Hedge Activity [Line Items]
Gain (loss) recognized in AOCI	(1,041)	186
Gain (loss) reclassified from AOCI into earnings	(992)	65
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | Interest Rate Contract [Member]
Summary Of Cash Flow Hedge Activity [Line Items]
Gain (loss) recognized in AOCI	(3)	3
Gain (loss) reclassified from AOCI into earnings	(39)	(69)
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | Foreign Exchange Contract [Member]
Summary Of Cash Flow Hedge Activity [Line Items]
Gain (loss) recognized in AOCI	(1,038)	183
Gain (loss) reclassified from AOCI into earnings	(953)	134
Net Investment Hedge [Member]
Summary Of Cash Flow Hedge Activity [Line Items]
Hedge ineffectiveness gain (loss)	(44)	(142)
Net Investment Hedge [Member] | Foreign Exchange Contract [Member]
Summary Of Cash Flow Hedge Activity [Line Items]
Gain (loss) recognized in AOCI	4,989	(1,033)
Gain (loss) reclassified from AOCI into earnings	$ 785	$ 10

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Businesses Held for Sale, Financing Receivables Held for Sale and Discontinued Operations (Assets and Liabilities of Businesses Held for Sale) (Details) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015 USD ($)	Mar. 31, 2014 USD ($)	Dec. 31, 2014 USD ($)	Mar. 31, 2015 Held for sale [Member] USD ($)	Dec. 31, 2014 Held for sale [Member] USD ($)	Mar. 31, 2015 Held for sale [Member] Restructuring charges USD ($)	Mar. 31, 2015 Held for sale [Member] Financing Receivable [Member] Restructuring charges USD ($)	Dec. 31, 2014 Hungary Bank [Member] USD ($)	Mar. 31, 2015 ANZ Consumer Lending [Member] Held for sale [Member] USD ($)	Mar. 31, 2015 ANZ Consumer Lending [Member] Held for sale [Member] Financing Receivable [Member] AUD [Member] AUD	Mar. 31, 2015 ANZ Consumer Lending [Member] Held for sale [Member] Financing Receivable [Member] NZD [Member] NZD	Mar. 31, 2015 CLL Held for sale [Member] USD ($)	Dec. 31, 2014 CLL Held for sale [Member] USD ($)
Financial Information For Businesses Held For Sale [Line Items]
Proceeds from sale of discontinued operations	$ 0	$ 232
Cash and cash equivalents	259		320	1,560	676
Investment securities (Note 3)	41,853		47,478	7,720	448
Financing Receivables - net				31,318	2,144		93,141
Property, plant and equipment - net				7,130	37
Goodwill				4,973	106
Intangible Assets - Net				145	13
Other assets	10,148		13,026	2,597	50
Valuation allowance on disposal group				(1,845)
Assets of businesses held for sale	31,252		36,785	53,598	3,474	29,952		3,107	6,093			44,398
Accounts Payable				747	4
Other Current Liabilities-Discops				919	3
Short-term borrowings	66,178		68,515	836	435
Deferred Tax Liabilities, Net	11,061		7,419	255	(31)
Bank Deposits				1,711	1,931
Long-term borrowings				230	0
All other liabilities	1,010		845	1,636	92
Liabilities of businesses held for sale	1,951		2,139	6,334	2,434			2,177	286			3,871
Estimated loss on disposal										6,800	1,400		$ 1,845

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Supplemental Information About The Credit Quality Of Financing Receivables And Allowance For Losses On Financing Receivables

3 Months Ended

Mar. 31, 2015

Credit Quality Financing Receivables [Abstract]

Supplemental Information About Credit Quality Of Financing Receivables And Allowance For Losses On Financing Receivables

13. SUPPLEMENTAL INFORMATION ABOUT THE CREDIT QUALITY OF FINANCING RECEIVABLES AND ALLOWANCE FOR LOSSES

As described in Note 4, our CLL and Consumer portfolios have been significantly reduced as most of these portfolios have been reclassified to either financing receivables held for sale or assets of businesses held for sale. In addition our Real Estate business has been classified as a discontinued operation.

Credit Quality Indicators

Detailed information about the credit quality of our Commercial and Consumer financing receivables portfolios is provided below. For each portfolio, we describe the characteristics of the financing receivables and provide information about collateral, payment performance, credit quality indicators and impairment. We manage these portfolios using delinquency and nonaccrual data as key performance indicators. The categories used within this section such as impaired loans, troubled debt restructuring (TDR) and nonaccrual financing receivables are defined by the authoritative guidance and we base our categorization on the related scope and definitions contained in the related standards. The categories of nonaccrual and delinquent are used in our process for managing our financing receivables.

PAST DUE AND NONACCRUAL FINANCING RECEIVABLES
		March 31, 2015									December 31, 2014
		Over 30 days			Over 90 days						Over 30 days			Over 90 days
(In millions)		past due			past due			Nonaccrual			past due			past due			Nonaccrual
Commercial
CLL	$	636		$	137		$	25		$	1,986		$	1,033		$	2,000
Energy Financial Services		10			-			63			-			-			68
GECAS		-			-			255			-			-			419
Total Commercial		646			137			343	(a)		1,986			1,033			2,487	(a)
Consumer		2,209			1,056	(b)		2	(c)		5,137			2,495	(b)		1,484	(c)
Total	$	2,855		$	1,193		$	345		$	7,123		$	3,528		$	3,971
Total as a percent of financing receivables		3.5	%		1.5	%		0.4	%		3.2	%		1.6	%		1.8	%

(a)Included $321 million and $1,549 million at March 31, 2015 and December 31, 2014, respectively, which are currently paying in accordance with their contractual terms.

(b)Included $1,054 million and $1,231million of Consumer loans at March 31, 2015 and December 31, 2014, respectively, which are over 90 days past due and continue to accrue interest until the accounts are written off in the period that the account becomes 180 days past due.

(c)Included none and $179 million at March 31, 2015 and December 31, 2014, respectively, which are currently paying in accordance with their contractual terms.

IMPAIRED LOANS AND RELATED RESERVES
	With no specific allowance						With a specific allowance
	Recorded		Unpaid		Average		Recorded		Unpaid					Average
	investment		principal		investment		investment		principal			Associated		investment
(In millions)	in loans		balance		in loans		in loans		balance			allowance(a)		in loans
March 31, 2015
Commercial
CLL	$	8	$	8	$	1,150	$	6	$	6		$	5	$	206
Energy Financial Services		54		55		53		9		9			-		12
GECAS		170		175		250		-		-			-		-
Other		-		-		-		-		-			-		-
Total Commercial(b)		232		238		1,453		15		15			5		218
Consumer(c)		-		-		69		726		625	(d)		244		1,383
Total	$	232	$	238	$	1,522	$	741	$	640		$	249	$	1,601
December 31, 2014
Commercial
CLL	$	2,292	$	4,397	$	2,725	$	406	$	1,125		$	133	$	717
Energy Financial Services		53		54		26		15		15			12		24
GECAS		329		337		88		-		-			-		15
Other		-		-		-		-		-			-		1
Total Commercial(b)		2,674		4,788		2,839		421		1,140			145		757
Consumer(c)		138		179		120		2,042		2,092			408		2,547
Total	$	2,812	$	4,967	$	2,959	$	2,463	$	3,232		$	553	$	3,304

(a)Write-offs to net realizable value are recognized against the allowance for losses primarily in the reporting period in which management has deemed all or a portion of the financing receivable to be uncollectible, but not later than 360 days after initial recognition of a specific reserve for a collateral dependent loan.

(b)We recognized $6 million, $178 million and $57millionof interest income, including none on a cash basis, in the three months endedMarch 31, 2015, the year ended December 31, 2014 and the three months endedMarch 31, 2014, respectively, principally in CLL. The total average investment in impaired loans for the three months endedMarch 31, 2015 and the year ended December 31, 2014 was $1,671 million and $3,596million, respectively.

(c)We recognized $23 million, $126 million and $46million of interest income, including $1 million, $5 million and an insignificant amount on a cash basis, in the three months endedMarch 31, 2015, the year ended December 31, 2014 and the three months endedMarch 31, 2014, respectively. The total average investment in impaired loans for the three months endedMarch 31, 2015 and the year ended December 31, 2014 was $1,452 million and $2,667 million, respectively.

(d)Unpaid principal balance excludes accrued interest and fees.

(In millions)	Non-impaired financing receivables		General reserves		Impaired loans		Specific reserves
March 31, 2015
Commercial	$	22,918	$	89	$	247	$	5
Consumer		57,522		3,011		726		244
Total	$	80,440	$	3,100	$	973	$	249
December 31, 2014
Commercial	$	118,381	$	758	$	3,095	$	145
Consumer		98,640		3,603		2,180		408
Total	$	217,021	$	4,361	$	5,275	$	553

IMPAIRED LOAN BALANCE CLASSIFIED BY THE METHOD USED TO MEASURE IMPAIRMENT
(In millions)	March 31, 2015		December 31, 2014
Discounted cash flow	$	834	$	3,915
Collateral value		139		1,360
Total	$	973	$	5,275

Our loss mitigation strategy is intended to minimize economic loss and, at times, can result in rate reductions, principal forgiveness, extensions, forbearance or other actions, which may cause the related loan to be classified as a troubled debt restructuring (TDR), and also as impaired. The determination of whether these changes to the terms and conditions of our commercial loans meet the TDR criteria includes our consideration of all relevant facts and circumstances. At March 31, 2015, TDRs included in impaired loans were $810 million, primarily relating to Consumer ($726 million) and GECAS ($82 million).

Impaired loans classified as TDRs in our CLL business were $2 million and $1,869 million at March 31, 2015and December 31, 2014, respectively. For the three months endedMarch 31, 2015, we modified $2 million of loans classified as TDRs. Changes to these loans primarily included extensions, interest only payment periods, debt to equity exchange and forbearance or other actions, which are in addition to, or sometimes in lieu of, fees and rate increases. Of our $633 million and $1,391million of modifications classified as TDRs in the twelve months ended March 31, 2015 and 2014, respectively, none and $19 million have subsequently experienced a payment default in the three months endedMarch 31, 2015 and 2014, respectively.

Impaired loans in our Consumer business represent restructured smaller balance homogeneous loans meeting the definition of a TDR, and are therefore subject to the disclosure requirement for impaired loans. The recorded investment of these impaired loans totaled $726 million (with an unpaid principal balance of $625 million) with a specific allowance of $244 million at March 31, 2015.

Impaired loans classified as TDRs in our Consumer business were $726 million and $2,132 million at March 31, 2015 and December 31, 2014, respectively. We utilize certain loan modification programs for borrowers experiencing financial difficulties in our Consumer loan portfolio. These loan modification programs primarily include interest rate reductions and payment deferrals in excess of three months, which were not part of the terms of the original contract. For the three months endedMarch 31, 2015, we modified $120million of U.S. consumer loans, primarily credit cards for borrowers experiencing financial difficulties, which are classified as TDRs. We expect borrowers whose loans have been modified under these programs to continue to be able to meet their contractual obligations upon the conclusion of the modification. Of our $869 million and $1,339million of modifications classified as TDRsin the twelve months ended March 31, 2015 and 2014, respectively,$23million and $57 million have subsequently experienced a payment default in the three months endedMarch 31, 2015and 2014, respectively.

Supplemental Credit Quality Information

Commercial

Substantially all of our Commercial financing receivables portfolio is secured lending and we assess the overall quality of the portfolio based on the potential risk of loss measure. The metric incorporates both the borrower’s credit quality along with any related collateral protection.

Our internal risk ratings process is an important source of information in determining our allowance for losses and represents a comprehensive approach to evaluate risk in our financing receivables portfolios. In deriving our internal risk ratings, we stratify our Commercial portfolios into 21 categories of default risk and/or six categories of loss given default to group into three categories: A, B and C. Our process starts by developing an internal risk rating for our borrowers, which is based upon our proprietary models using data derived from borrower financial statements, agency ratings, payment history information, equity prices and other commercial borrower characteristics. We then evaluate the potential risk of loss for the specific lending transaction in the event of borrower default, which takes into account such factors as applicable collateral value, historical loss and recovery rates for similar transactions, and our collection capabilities. Our internal risk ratings process and the models we use are subject to regular monitoring and internal controls. The frequency of rating updates is set by our credit risk policy, which requires annual Risk Committee approval.

As described above, financing receivables are assigned one of 21 risk ratings based on our process and then these are grouped by similar characteristics into three categories in the table below. Category A is characterized by either high-credit-quality borrowers or transactions with significant collateral coverage that substantially reduces or eliminates the risk of loss in the event of borrower default. Category B is characterized by borrowers with weaker credit quality than those in Category A, or transactions with moderately strong collateral coverage that minimizes but may not fully mitigate the risk of loss in the event of default. Category C is characterized by borrowers with higher levels of default risk relative to our overall portfolio or transactions where collateral coverage may not fully mitigate a loss in the event of default.

COMMERCIAL FINANCING RECEIVABLES BY RISK CATEGORY
	Secured
(In millions)	A		B		C		Total
March 31, 2015
CLL	$	12,131	$	28	$	42	$	12,201
Energy Financial Services		2,378		171		-		2,549
GECAS		7,488		229		100		7,817
Other		127		-		-		127
Total	$	22,124	$	428	$	142	$	22,694
December 31, 2014
CLL	$	105,230	$	2,023	$	2,334	$	109,587
Energy Financial Services		2,479		60		16		2,555
GECAS		7,908		237		118		8,263
Other		130		-		-		130
Total	$	115,747	$	2,320	$	2,468	$	120,535

For our secured financing receivables portfolio, our collateral position and ability to work out problem accounts mitigate our losses. Our asset managers have deep industry expertise that enables us to identify the optimum approach to default situations. We price risk premiums for weaker credits at origination, closely monitor changes in creditworthiness through our risk ratings and watch list process, and are engaged early with deteriorating credits to minimize economic loss. Secured financing receivables within risk Category C are primarily composed of senior term lending facilities and factoring programs secured by various asset types including inventory, accounts receivable, cash, equipment, aircraft and related business facilities as well as franchise finance activities secured by underlying equipment.

Loans within Category C are reviewed and monitored regularly, and classified as impaired when it is probable that they will not pay in accordance with contractual terms. Our internal risk rating process identifies credits warranting closer monitoring; and as such, these loans are not necessarily classified as nonaccrual or impaired.

At March 31, 2015 and December 31, 2014, our unsecured commercial financing receivables included $181 million and $332 million rated A, $290 million and $408 million rated B, and noneand $201 million rated C, respectively.

Consumer

At March 31, 2015, our U.S. consumer financing receivables included private-label credit card and sales financing for approximately 60 million customers across the U.S. with no metropolitan area accounting for more than 6% of the portfolio. Of the total U.S. consumer financing receivables, approximately 66% relate to credit card loans that are often subject to profit and loss sharing arrangements with the retailer (which are recorded in revenues), and the remaining 34% are sales finance receivables that provide financing to customers in areas such as electronics, recreation, medical and home improvement.

Our Consumer financing receivables portfolio comprises both secured and unsecured lending. Secured financing receivables are largely comprised of consumer installment loans secured by equipment. Unsecured financing receivables include private-label credit card financing. A substantial majority of these cards are not for general use and are limited to the products and services sold by the retailer. The private-label portfolio is diverse with no metropolitan area accounting for more than 5% of the related portfolio.

We assess overall credit quality of our U.S. installment and revolving credit portfolio using information from credit bureaus such as Fair Isaac Corporation (FICO) scores. FICO scores are generally obtained at origination of the account and are refreshed at a minimum quarterly, but could be as often as weekly, to assist in predicting customer behavior. We categorize these credit scores into the following three categories; (a) 661 or higher, which are considered the strongest credits; (b) 601 to 660, which are considered moderate credit risk; and (c) 600 or less, which are considered weaker credits.

	Refreshed FICO score
	March 31, 2015						December 31, 2014
	661 or		601 to		600 or		661 or		601 to		600 or
(in millions)	higher		660		less		higher		660		less
U.S. installment and
revolving credit	$	40,761	$	11,681	$	4,486	$	43,466	$	11,865	$	4,532

U.S. installment and revolving credit accounts with FICO scores of 600 or less have an average outstanding balance less than one thousand U.S. dollars and are primarily concentrated in our retail card and sales financing portfolios, which minimizes the potential for loss in the event of default. For lower credit scores, we adequately price for the incremental risk at origination and monitor credit migration through our risk ratings process. We continuously adjust our credit line underwriting management and collection strategies based on customer behavior and risk profile changes.

For our Consumer - Other portfolio, we develop our internal risk ratings for this portfolio in a manner consistent with the process used to develop our Commercial credit quality indicators, described above. We use the borrower’s credit quality and underlying collateral strength to determine the potential risk of loss from these activities.

At March 31, 2015, Consumer – Other financing receivables of $1,038 million, $114 million and $168 million were rated A, B and C, respectively. At December 31, 2014, Consumer – Other financing receivables of $5,006 million, $276 million and $382 million were rated A, B and C, respectively.