Revenues from Services (Tables)

9 Months Ended

Sep. 30, 2012

Financial Services Revenue [Abstract]

Revenues from services

	Three months ended September 30,				Nine months ended September 30,
(In millions)	2012		2011		2012		2011
Interest on loans	$	4,708	$	5,038	$	14,328	$	15,195
Equipment leased to others		2,625		2,855		8,020		8,529
Fees		1,173		1,227		3,493		3,531
Investment income		636		583		1,971		2,004
Financing leases		392		554		1,455		1,837
Associated companies(a)(b)		451		389		1,146		1,997
Premiums earned by insurance activities		433		465		1,294		1,437
Real estate investments		464		379		1,202		1,211
Other items		453		493		1,270		1,634
Total	$	11,335	$	11,983	$	34,179	$	37,375

• 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 September 30, 2012, we hold a 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 September 30, 2012 and December 31, 2011 of $113,336 million and $104,554 million, respectively. Assets were primarily financing receivables of $61,946 million and $57,477 million at September 30, 2012 and December 31, 2011, respectively. Total liabilities were $80,802 million and $77,208 million, consisted primarily of bank deposits of $24,957 million and $20,980 million at September 30, 2012 and December 31, 2011, respectively, and debt of $43,783 million and $46,170 million at September 30, 2012 and December 31, 2011, respectively. Revenues in the third quarters of 2012 and 2011 totaled $4,324 million and $4,389 million, respectively, and net earnings in the third quarters of 2012 and 2011 totaled $954million and $607 million, respectively. Revenues for the nine months ended September 30, 2012 and 2011 totaled $13,515 million and $12,056 million, respectively, and net earnings for the nine months ended September 30, 2012 and 2011 totaled $2,255 and $1,695 million, respectively.