Borrowings and Bank Deposits

3 Months Ended

Mar. 31, 2013

Debt Disclosure [Abstract]

Borrowings and Bank Deposits

6.BORROWINGS AND BANK DEPOSIT

(In millions)	March 31,		December 31,
	2013		2012
Short-term borrowings
Commercial paper
U.S.	$	30,727	$	33,686
Non-U.S.		8,323		9,370
Current portion of long-term borrowings(a)(b)		34,715		44,264
GE Interest Plus notes(c)		8,580		8,189
Other(b)		317		431
Total short-term borrowings	$	82,662	$	95,940
Long-term borrowings
Senior unsecured notes(a)	$	197,946	$	199,646
Subordinated notes(d)		4,839		4,965
Subordinated debentures(e)(f)		7,183		7,286
Other(b)		13,033		12,879
Total long-term borrowings	$	223,001	$	224,776
Non-recourse borrowings of consolidated securitization entities(g)	$	30,488	$	30,123
Bank deposits(h)	$	49,427	$	46,461
Total borrowings and bank deposits	$	385,578	$	397,300

• Included in total long-term borrowings were $591 million and $604millionof obligations to holders of GICs at March 31, 2013 and December 31, 2012, respectively. These obligations included conditions under which certain GIC holders could require immediate repayment of their investment should the long-term credit ratings of GECC fall below AA-/Aa3. The remaining outstanding GICs will continue to be subject to their scheduled maturities and individual terms, which may include provisions permitting redemption upon a downgrade of one or more of GECC's ratings, among other things.
• Included $9,401 million and $9,757million of funding secured by real estate, aircraft and other collateral at March 31, 2013 and December 31, 2012, respectively, of which $3,451 million and $3,294 million is non-recourse to GECC at March 31, 2013 and December 31, 2012, respectively.
• Entirely variable denomination floating-rate demand notes.
• Included $300 million of subordinated notes guaranteed by GE at both March 31, 2013 and December 31, 2012.
• Subordinated debentures receive rating agency equity credit and were hedged at issuance to the U.S. dollar equivalent of $7,725 million.
• Includes $2,868million of subordinated debentures, which constitute the sole assets of wholly-owned trusts who have issued trust preferred securities. Obligations associated with these trusts are unconditionally guaranteed by GECC.
• Included at March 31, 2013 and December 31, 2012, were $9,091 million and $7,707million of current portion of long-term borrowings, respectively, and $21,397 million and $22,416 million of long-term borrowings, respectively. See Note 13.
• Included $16,316million and $16,157 million of deposits in non-U.S. banks at March 31, 2013 and December 31, 2012, respectively, and $17,293 million and $17,291 million of certificates of deposits with maturities greater than one year at March 31, 2013 and December 31, 2012, respectively.