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Statement of Financial Position (USD $)
In Millions, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Assets    
Cash and equivalents $ 75,722 $ 59,538
Investment securities (Note 3) 17,821 17,952
Inventories 51 66
Financing receivables - net (Notes 4 and 16) 289,307 312,234
Other receivables 12,915 12,289
Property, plant and equipment - net (Note 5) 51,399 53,747
Goodwill (Note 6) 27,230 27,508
Other intangible assets - net (Note 6) 1,539 1,874
Other assets (Note 7) 75,819 77,002
Assets of businesses held for sale (Note 2) 711 3,127
Assets of discontinued operations (Note 2) 1,148 12,375
Total assets(a) 553,662 [1] 577,712 [1]
Liabilities and equity    
Short-term borrowings (Note 8) 131,292 113,646
Accounts payable 7,059 6,839
Non-recourse borrowings of consolidated securitization entities (Note 8) 29,258 30,018
Bank deposits (Note 8) 43,115 37,298
Long-term borrowings (Note 8) 234,320 284,346
Investment contracts, insurance liabilities and insurance annuity benefits (Note 9) 4,443 5,779
Other liabilities 16,249 16,859
Deferred income taxes (Note 10) 5,599 6,109
Liabilities of businesses held for sale (Note 2) 345 592
Liabilities of discontinued operations (Note 2) 1,247 2,181
Total liabilities(a) 472,927 [1] 503,667 [1]
Common stock, $14 par value (4,166,000 shares authorized at December 31, 2011 and 2010, and 3,985,404 shares issued and outstanding at December 31, 2011 and 2010, respectively) 56 56
Accumulated other comprehensive income - net(b)    
Investment securities (671) [2] (337) [2]
Currency translation adjustments (545) [2] (1,541) [2]
Cash flow hedges (1,227) [2] (1,347) [2]
Benefit plans (563) [2] (380) [2]
Additional paid-in capital 28,462 28,463
Retained earnings 54,533 47,967
Total Company shareowner's equity 80,045 72,881
Noncontrolling interests(c) 690 [3],[4] 1,164 [3],[4]
Total equity (Note 11) 80,735 74,045
Total liabilities and equity $ 553,662 $ 577,712
[1] (a) Our consolidated assets at December 31, 2011 include total assets of $43,854 million of certain variable interest entities (VIEs) that can only be used to settle the liabilities of those VIEs. These assets include net financing receivables of $37,120 million and investment securities of $4,289 million. Our consolidated liabilities at December 31, 2011 include liabilities of certain VIEs for which the VIE creditors do not have recourse to General Electric Capital Services, Inc. (GECS). These liabilities include non-recourse borrowings of consolidated securitization entities (CSEs) of $28,758 million. See Note 17.
[2] (b) The sum of accumulated other comprehensive income – net was $(3,006) million and $(3,605) million at December 31, 2011 and 2010, respectively.
[3] (b) See Note 11 for further information about the changes in noncontrolling interests.
[4] (c) Included accumulated other comprehensive income – net attributable to noncontrolling interests of $(151) million and $(137) million at December 31, 2011 and 2010, respectively.