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Revenues From Services
9 Months Ended
Sep. 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 September 30, Nine months ended September 30,
(In millions)2011 2010 2011 2010
            
Interest on loans$5,027 $4,955 $15,161 $15,443
Equipment leased to others 2,852  2,799  8,526  8,329
Fees 1,227  1,180  3,531  3,554
Associated companies(a)(b) 389  491  1,997  1,548
Financing leases 554  678  1,837  2,105
Real estate investments 379  330  1,211  961
Investment income 186  204  796  461
Other items 502  424  1,810  1,786
Total$11,116 $11,061 $34,869 $34,187
            
            

  • 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 September 30, 2011 and December 31, 2010 of $104,310 million and $180,015 million, respectively. Assets were primarily financing receivables of $58,115 million and $97,447 million at September 30, 2011 and December 31, 2010, respectively. Total liabilities were $77,363 million and $143,957 million, consisted primarily of bank deposits of $21,579 million and $75,661 million at September 30, 2011 and December 31, 2010, respectively, and debt of $45,387 million and $53,696 million at September 30, 2011 and December 31, 2010, respectively. Revenues in the third quarters of 2011 and 2010 totaled $4,389 million and $5,166 million, respectively, and net earnings in the third quarters of 2011 and 2010 totaled $607 million and $1,247 million, respectively. Revenues in the first nine months of 2011 and 2010 totaled $12,056 million and $14,882 million, respectively, and net earnings in the first nine months of 2011 and 2010 totaled $1,695 million and $3,279 million, respectively.