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Condensed Statement of Financial Position (Unaudited) (USD $)
In Millions, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Assets    
Cash and equivalents $ 66,252 $ 76,702
Investment securities (Note 3) 47,906 47,359
Inventories 60 51
Financing receivables - net (Notes 4 and 12) 273,984 288,847
Other receivables 13,701 13,390
Property, plant and equipment, less accumuatled amorizations of $23,671 and $23,615 51,969 51,419
Goodwill (Note 5) 27,072 27,230
Other intangible assets - net (Note 5) 1,443 1,546
All other assets 71,897 75,612
Assets of businesses held for sale (Note 2) 3,039 711
Assets of discontinued operations (Note 2) 1,481 1,669
Total assets(a) 558,804 [1] 584,536 [1]
Liabilities and equity    
Short-term borrowings (Note 6) 119,796 136,333
Accounts payable 7,700 7,239
Non-recourse borrowings of consolidated securitization entities 30,696 29,258
Bank deposits (Note 6) 41,942 43,115
Long-term borrowings (Note 6) 225,539 234,391
Investment contracts, insurance liabilities and insurance annuity benefits 28,328 30,198
Other liabilities 14,759 17,334
Deferred income taxes 7,392 7,052
Liabilities of businesses held for sale (Note 2) 283 345
Liabilities of discontinued operations (Note 2) 1,783 1,471
Total liabilities(b) 478,218 [1] 506,736 [1]
Preferred stock, $0.01 par value (750,000 authorized at June 30, 2012 and 22,500 issued and outstanding at June 30, 2012, respectively) 0 0
Common stock, $14 par value (4,166,000 shares authorized at June 30, 2012 and December 31, 2011, respectively, and 1,000 shares issued and outstanding at June 30, 2012 and December 31, 2011, respectively) 0 0
Accumulated other comprehensive income - net(b)    
Investment securities 476 [2] (33) [2]
Currency translation adjustments (673) [2] (399) [2]
Cash flow hedges (989) [2] (1,101) [2]
Benefit plans (568) [2] (563) [2]
Additional paid-in capital 29,859 27,628
Retained earnings 51,722 51,578
Total Company shareowners' equity 79,827 77,110
Noncontrolling interests(c) 759 [3] 690 [3]
Total equity 80,586 77,800
Total liabilities and equity $ 558,804 $ 584,536
[1] (a) Our consolidated assets at June 30, 2012 include total assets of $47,499 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 $38,554 million and investment securities of $4,874 million. Our consolidated liabilities at June 30, 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 $29,796 million. See Note 13.
[2] (b) The sum of accumulated other comprehensive income − net was $(1,754) million and $(2,096) million at June 30, 2012 and December 31, 2011, respectively.
[3] (c) Included accumulated other comprehensive income − net attributable to noncontrolling interests of $(142) million and $(141) million at June 30, 2012 and December 31, 2011, respectively.