XML 86 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Statement of Financial Position (Unaudited) (USD $)
In Millions, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
Assets    
Cash and equivalents $ 77,666 $ 76,702
Investment securities (Note 3) 48,695 47,359
Inventories 73 51
Financing receivables - net (Notes 4 and 12) 271,623 288,847
Other receivables 13,772 13,390
Property, plant and equipment, less accumuatled amorizations of $23,886 and $23,615 52,288 51,419
Goodwill (Note 5) 27,338 27,230
Other intangible assets - net (Note 5) 1,361 1,546
All other assets 64,887 75,612
Assets of businesses held for sale (Note 2) 2,700 711
Assets of discontinued operations (Note 2) 1,199 1,669
Total assets(a) 561,602 [1] 584,536 [1]
Liabilities and equity    
Short-term borrowings (Note 6) 113,587 136,333
Accounts payable 7,007 7,239
Non-recourse borrowings of consolidated securitization entities 31,171 29,258
Bank deposits (Note 6) 45,196 43,115
Long-term borrowings (Note 6) 230,402 234,391
Investment contracts, insurance liabilities and insurance annuity benefits 28,806 30,198
Other liabilities 15,445 17,334
Deferred income taxes 5,945 7,052
Liabilities of businesses held for sale (Note 2) 206 345
Liabilities of discontinued operations (Note 2) 1,777 1,471
Total liabilities(b) 479,542 [1] 506,736 [1]
Preferred stock, $0.01 par value (750,000 shares authorized at both September 30, 2012 and December 31, 2011 and 40,000 shares and 0 shares issued and outstanding at September 30, 2012 and December 31, 2011, respectively) 0 0
Common stock, $14 par value (4,166,000 shares authorized at September 30, 2012 and December 31, 2011, respectively, and 1,000 shares issued and outstanding at September 30, 2012 and December 31, 2011, respectively) 0 0
Accumulated other comprehensive income - net(b)    
Investment securities 602 [2] (33) [2]
Currency translation adjustments (145) [2] (399) [2]
Cash flow hedges (961) [2] (1,101) [2]
Benefit plans (579) [2] (563) [2]
Additional paid-in capital 31,589 27,628
Retained earnings 50,843 51,578
Total Company shareowners' equity 81,349 77,110
Noncontrolling interests(c) 711 [3] 690 [3]
Total equity 82,060 77,800
Total liabilities and equity $ 561,602 $ 584,536
[1] (a) Our consolidated assets at September 30, 2012 include total assets of $47,623 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 $40,422 million and investment securities of $4,797 million. Our consolidated liabilities at September 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 $30,270 million. See Note 13.
[2] (b) The sum of accumulated other comprehensive income − net was $(1,083) million and $(2,096) million at September 30, 2012 and December 31, 2011, respectively.
[3] (c) Included accumulated other comprehensive income − net attributable to noncontrolling interests of $(140) million and $(141) million at September 30, 2012 and December 31, 2011, respectively.