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)