Revenues From Services

3 Months Ended

Mar. 31, 2012

Financial Services Revenue [Abstract]

Revenues From Services

9.REVENUES FROM SERVICES

Revenues from services are summarized in the following table.

	Three months ended March 31,
(In millions)	2012		2011
Interest on loans	$	4,858	$	5,140
Equipment leased to others		2,747		2,822
Fees		1,160		1,146
Investment income		667		693
Financing leases		534		665
Associated companies(a)(b)		270		1,082
Premiums earned by insurance activities		445		481
Real estate investments		356		402
Other items		375		563
Total	$	11,412	$	12,994

• During the first quarter of 2011, we sold an18.6% equity interest in Garanti Bank and recorded a pre-tax gain of $690 million. As of March 31, 2012, we holda 1% equity 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 March 31, 2012 and December 31, 2011 of $113,260 million and $104,554 million, respectively. Assets were primarily financing receivables of $60,434 million and $57,477 million at March 31, 2012 and December 31, 2011, respectively. Total liabilities were $83,912 million and $77,208 million, consisted primarily of bank deposits of $22,314 million and $20,980 million at March 31, 2012 and December 31, 2011, respectively, and debt of $48,744 million and $46,170 million at March 31, 2012 and December 31, 2011, respectively. Revenues in the first three months of 2012 and 2011 totaled $4,490 million and $3,717 million, respectively, and net earnings in the first quarters of 2012 and 2011 totaled $529 million and $459 million, respectively.