XML 86 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Statement of Financial Position (Unaudited) (USD $)
In Millions, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
Assets    
Cash and equivalents $ 67,721 $ 61,942
Investment securities (Note 3) 48,261 48,439
Inventories 80 79
Financing receivables - net (Notes 4 and 12) 258,324 268,951
Other receivables 14,400 13,917
Property, plant and equipment, less accumuatled amorizations of $26,009 and $26,113 52,452 52,974
Goodwill (Note 5) 26,895 27,032
Other intangible assets - net (Note 5) 1,311 1,294
All other assets 58,047 62,201
Assets of businesses held for sale (Note 2) 171 211
Assets of discontinued operations (Note 2) 1,856 2,299
Total assets(a) 529,518 [1] 539,339 [1]
Liabilities and equity    
Short-term borrowings (Note 6) 82,662 95,940
Accounts payable 7,079 6,259
Non-recourse borrowings of consolidated securitization entities 30,488 30,123
Bank deposits (Note 6) 49,427 46,461
Long-term borrowings (Note 6) 223,001 224,776
Investment contracts, insurance liabilities and insurance annuity benefits 28,681 28,696
Other liabilities 15,878 15,961
Deferred income taxes 5,522 5,988
Liabilities of businesses held for sale (Note 2) 4 157
Liabilities of discontinued operations (Note 2) 2,307 2,381
Total liabilities(b) 445,049 [1] 456,742 [1]
Preferred stock, $0.01 par value (750,000 shares authorized at both March 31, 2013 and December 31, 2012 and 40,000 shares issued and outstanding at March 31, 2013 and December 31, 2012, respectively) 0 0
Common stock, $14 par value (4,166,000 shares authorized at March 31, 2013 and December 31, 2012 and 1,000 shares issued and outstanding at March 31, 2013 and December 31, 2012) 0 0
Accumulated other comprehensive income - net(b)    
Investment securities 738 [2] 673 [2]
Currency translation adjustments (119) [2] (131) [2]
Cash flow hedges (654) [2] (746) [2]
Benefit plans (723) [2] (736) [2]
Additional paid-in capital 31,578 31,586
Retained earnings 53,062 51,244
Total Company shareowners' equity 83,882 81,890
Noncontrolling interests(c) 587 [3] 707 [3]
Total equity 84,469 82,597
Total liabilities and equity $ 529,518 $ 539,339
[1] (a) Our consolidated assets at March 31, 2013 include total assets of $47,033 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 $40,079 million and investment securities of $4,494 million. Our consolidated liabilities at March 31, 2013 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 $29,187 million. See Note 13.
[2] (b) The sum of accumulated other comprehensive income (loss) attributable to GECC was $(758) million and $(940) million at March 31, 2013 and December 31, 2012, respectively.
[3] (c) Included accumulated other comprehensive income (loss) attributable to noncontrolling interests of $(131) million and $(129) million at March 31, 2013 and December 31, 2012, respectively.