Revenues From Services

6 Months Ended

Jun. 30, 2011

Financial Services Revenue [Abstract]

Revenues From Services

9. Revenues from Services

Revenues from services are summarized in the following table.

	Three months ended June 30,				Six months ended June 30,
(In millions)	2011		2010		2011		2010
Interest on loans	$	5,005	$	5,192	$	10,134	$	10,488
Equipment leased to others		2,852		2,769		5,674		5,530
Fees		1,159		1,169		2,304		2,374
Associated companies(a)(b)		526		460		1,608		1,057
Financing leases		618		686		1,283		1,427
Real estate investments		430		354		832		631
Investment income		318		105		610		257
Other items		676		879		1,308		1,362
Total	$	11,584	$	11,614	$	23,753	$	23,126

• During the first quarter of 2011, we sold an 18.6% equity interest in Garanti Bank and recorded a pre-tax gain of $690 million. Following the sale, we hold a 2.25% equity ownership interest which is classified as an available–for-sale security.
• Aggregate summarized financial information for significant associated companies assuming a 100% ownership interest included total assets at June 30, 2011 and December 31, 2010 of $98,628 million and $180,015 million, respectively. Assets were primarily financing receivables of $53,492 million and $97,447 million at June 30, 2011 and December 31, 2010, respectively. Total liabilities were $72,874 million and $143,957 million, consisted primarily of bank deposits of $22,349 million and $75,661 million at June 30, 2011 and December 31, 2010, respectively, and debt of $43,106 million and $53,696 million at June 30, 2011 and December 31, 2010, respectively. Revenues in the second quarters of 2011 and 2010 totaled $3,951 million and $4,750 million, respectively, and net earnings in the second quarters of 2011 and 2010 totaled $628 million and $1,153 million, respectively. Revenues in the first six months of 2011 and 2010 totaled $7,668 million and $9,716 million, respectively, and net earnings in the first six months of 2011 and 2010 totaled $1,088 million and $2,032 million, respectively.