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Condensed Statement of Financial Position (Unaudited) (USD $)
In Millions, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
Assets    
Cash and equivalents $ 76,165 $ 76,702
Investment securities (Note 3) 47,814 47,359
Inventories 42 51
Financing receivables - net (Notes 4 and 12) 281,383 288,847
Other receivables 14,000 13,390
Property, plant and equipment, less accumuatled amorizations of $23,864 and $23,615 51,520 51,419
Goodwill (Note 5) 27,326 27,230
Other intangible assets - net (Note 5) 1,468 1,546
All other assets 71,672 75,612
Assets of businesses held for sale (Note 2) 640 711
Assets of discontinued operations (Note 2) 1,332 1,669
Total assets(a) 573,362 [1] 584,536 [1]
Liabilities and equity    
Short-term borrowings (Note 6) 132,028 136,333
Accounts payable 8,150 7,239
Non-recourse borrowings of consolidated securitization entities (Note 6) 29,544 29,258
Bank deposits (Note 6) 41,106 43,115
Long-term borrowings (Note 6) 229,195 234,391
Investment contracts, insurance liabilities and insurance annuity benefits 30,227 30,198
Other liabilities 14,354 17,334
Deferred income taxes 7,268 7,052
Liabilities of businesses held for sale (Note 2) 305 345
Liabilities of discontinued operations (Note 2) 1,226 1,471
Total liabilities(b) 493,403 [1] 506,736 [1]
Common stock, $14 par value (4,166,000 share authorized at March 31, 2012 and December 31, 2011, respectively, and 1,000 shares issued and outstanding at March 31, 2012 and December 31, 2011, respectively) 0 0
Accumulated other comprehensive income - net(b)    
Investment securities 298 [2] (33) [2]
Currency translation adjustments (274) [2] (399) [2]
Cash flow hedges (1,029) [2] (1,101) [2]
Benefit plans (587) [2] (563) [2]
Additional paid-in capital 27,631 27,628
Retained earnings 53,153 51,578
Total Company shareowners' equity 79,192 77,110
Noncontrolling interests(c) 767 [3] 690 [3]
Total equity 79,959 77,800
Total liabilities and equity $ 573,362 $ 584,536
[1] (a) Our consolidated assets at March 31, 2012 include total assets of $46,412 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 $37,733 million and investment securities of $5,146 million. Our consolidated liabilities at March 31, 2012 include liabilities of certain VIEs for which the VIE creditors do not have recourse to GECC. These liabilities include non-recourse borrowings of consolidated securitization entities (CSEs) of $28,844 million. See Note 13.
[2] (b) The sum of accumulated other comprehensive income − net was $(1,592) million and $(2,096) million at March 31, 2012 and December 31, 2011, respectively.
[3] (c) Included accumulated other comprehensive income − net attributable to noncontrolling interests of $(131) million and $(141) million at March 31, 2012 and December 31, 2011, respectively.