Operating Segments

12 Months Ended

Dec. 31, 2013

Segment Reporting [Abstract]

Operating Segments

NOTE 19. OPERATING SEGMENTS

Basis for presentation

Our operating businesses are organized based on the nature of markets and customers. Segment accounting policies are the same as described in Note 1. Segment results include an allocation for a portion of corporate overhead costs, which include such items as employee compensation and benefits. Segment results reflect the discrete tax effect of transactions, but the intraperiod tax allocation is reflected outside of the segment unless otherwise noted in segment results.

Effects of transactions between related companies are made on an arms-length basis and areeliminated. As a wholly-owned subsidiary, GECC enters into various operating and financing arrangements with GE. These arrangements are made on an arms-length basis but are related party transactions and therefore require the following disclosures. At December 31, 2013 and 2012, financing receivables included $8,582million and $7,131 million, respectively, of receivables from GE customers. At December 31, 2013 and 2012, other receivables included $7,076 million and $5,274million, respectively, of receivables from GE. Property, plant and equipment included $1,011 million and $1,015million, respectively, of property, plant and equipment leased to GE, net of accumulated depreciation. Borrowings included $1,220 million and $1,061million, respectively, of amounts held by GE.

On February 22, 2012, our parent, General Electric Capital Services, Inc. (GE Capital Services or GECS) was merged with and into, GECC. GECC's continuing operations now include the run-off insurance operations previously held and managed in GECS, and which are reported in corporate items and eliminations. Unless otherwise indicated, references to GECC and the GE Capital segment in this Form 10-K Report relate to the entity or segment as they exist subsequent to the February 22, 2012 merger.

A description of our operating segments as of December 31, 2013, can be found below, and details of segment profit by operating segment can be found in the Summary of Operating Segments table in Part II, Item 7. “Management's Discussion and Analysis of Financial Condition and Results of Operations.”

CLL has particularmid-market expertise, and primarily offers secured commercial loans, equipment financing and other financial services to companies across a wide range of industries including construction, retail, manufacturing, transportation, media, communications, technology and healthcare. Equipment financing activities include industrial, medical, fleet vehicles, corporate aircraft, construction, office imaging and many other equipment types.

Consumer offers a full range of financial products includingprivate-label credit cards; personal loans; bank cards; auto loans and leases; mortgages; debt consolidation; home equity loans; deposit and other savings products; and small and medium enterprise lending on a global basis.

Real Estate offers a comprehensive range of capital and investment solutions and finances, with both equity and loan structures, the acquisition, refinancing and renovation of office buildings, apartment buildings, retail facilities, hotels and industrial properties.

Energy Financial Services offers financial products to the global energy industry including structured equity, debt, leasing, partnership financing, product finance, and broad-based commercial finance.

GECAS, our commercial aircraft financing and leasing business, offers a wide range of aircraft types and financing options, including operating leases and secured debt financing, and also provides productivity solutions including spare engine leasing, airport and airline consulting services, and spare parts financing and management.

Revenues

	Total revenues						Intersegment revenues(a)						External revenues
(In millions)	2013		2012		2011		2013		2012		2011		2013		2012		2011
CLL	$	14,316	$	16,458	$	17,714	$	31	$	47	$	78	$	14,285	$	16,411	$	17,636
Consumer		15,741		15,303		16,487		15		3		10		15,726		15,300		16,477
Real Estate		3,915		3,654		3,712		20		22		17		3,895		3,632		3,695
Energy Financial
Services		1,526		1,508		1,223		-		-		-		1,526		1,508		1,223
GECAS		5,346		5,294		5,262		-		-		-		5,346		5,294		5,262
GECC corporate
items and
eliminations		3,223		3,147		3,926		(66)		(72)		(105)		3,289		3,219		4,031
Total	$	44,067	$	45,364	$	48,324	$	-	$	-	$	-	$	44,067	$	45,364	$	48,324

• Sales from one component to another generally are priced at equivalent commercial selling prices.

Revenues from customers located in the United States were $25,633 million, $26,403 million and$25,996 million in 2013,2012 and 2011, respectively. Revenues from customers located outside the United States were $18,434 million, $18,961 million and$22,328 million in 2013, 2012 and 2011, respectively.

	Depreciation and amortization						Provision (benefit) for income taxes
(In millions)	2013		2012		2011		2013		2012		2011
CLL	$	4,225	$	4,262	$	4,339	$	143	$	742	$	745
Consumer		242		228		259		(7)		1,141		1,350
Real Estate		452		639		707		(472)		(562)		(730)
Energy Financial Services		66		64		48		(141)		(186)		(115)
GECAS		2,655		2,065		2,045		(106)		5		96
GECC corporate items
and eliminations		98		90		82		(409)		(619)		(440)
Total	$	7,738	$	7,348	$	7,480	$	(992)	$	521	$	906
	Interest on loans(a)						Interest expense(b)
(In millions)	2013		2012		2011		2013		2012		2011
CLL	$	4,510	$	5,121	$	5,628	$	3,558	$	4,515	$	5,051
Consumer		11,855		11,631		11,727		2,669		3,294		3,948
Real Estate		1,036		1,494		1,822		1,278		1,883		2,407
Energy Financial Services		125		136		169		577		675		662
GECAS		344		398		364		1,406		1,520		1,504
GECC corporate items
and eliminations		81		63		108		(221)		(291)		188
Total	$	17,951	$	18,843	$	19,818	$	9,267	$	11,596	$	13,760

• Represents one component of Revenues from services, see Note 12.
• Represents total interest expense, see Statement of Earnings.

	Assets(a)(b)(c)						Property, plant and equipment additions
	At December 31,						For the years ended December 31,
(In millions)	2013		2012		2011		2013		2012		2011
CLL	$	174,357	$	181,375	$	192,646	$	6,673	$	6,830	$	6,732
Consumer		132,236		138,002		137,599		62		76		76
Real Estate		38,744		46,247		60,873		-		3		4
Energy Financial Services		16,203		19,185		18,357		-		-		1
GECAS		45,876		49,420		48,821		3,223		4,944		3,029
GECC corporate items
and eliminations		109,413		105,122		126,347		20		26		29
Total	$	516,829	$	539,351	$	584,643	$	9,978	$	11,879	$	9,871

• Assets of discontinued operations are included in GECC corporate items and eliminations for all periods presented.
• Total assets of the CLL, Consumer, Energy Financial Services and GECAS operating segments at December 31, 2013, include investment in and advances to associated companies of $4,549 million, $5,152 million, $7,233 million and $414million, respectively. Investments in and advances to associated companies contributed approximately $324 million, $1,009 million, $339million and $137 million, respectively, to segment pre-tax income of the CLL, Consumer, Energy Financial Services and GECAS operating segments, respectively, for the year ended December 31, 2013.
• Aggregate summarized financial information for significant associated companies assuming a 100% ownership interest included total assets at December 31, 2013 and 2012 of $84,305 million and $110,695 million, respectively. Assets were primarily financing receivables of $46,655 million and $66,878 millionat December 31, 2013 and 2012, respectively. Total liabilities at December 31, 2013 and 2012 were $59,559 million and $81,784 million, respectively, comprised primarily of bank deposits of $5,876 million and $26,386 million at December 31, 2013 and 2012, respectively, and debt of $39,034 million and $42,664 millionat December 31, 2013 and 2012, respectively. Revenues for2013, 2012 and 2011 totaled $16,193 million, $17,592 million and$15,898 million, respectively, and net earnings for 2013, 2012 and 2011totaled $2,444 million, $2,861 million and$2,178 million, respectively.

Property, plant and equipment – net associated with operations based in the United States were $11,655 million, $11,207 million and$11,292 millionat year-end 2013, 2012 and2011, respectively. Property, plant and equipment – net associated with operations based outside the United States were $39,952 million, $41,760 million and$39,252 millionat year-end 2013, 2012 and 2011, respectively.