XML 87 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Statement of Financial Position (Unaudited) (USD $)
In Millions, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Assets    
Cash and equivalents $ 75,289 $ 74,873
Investment securities (Note 3) 45,450 43,662
Inventories 62 68
Financing receivables - net (Notes 4) 247,242 253,029
Other receivables 15,643 16,513
Property, plant and equipment, less accumulated amortizations of $27,023 and $26,960 50,489 51,607
Goodwill (Note 5) 26,336 26,195
Other intangible assets - net (Note 5) 1,275 1,136
All other assets 47,164 47,366
Assets of businesses held for sale (Note 2) 48 50
Assets of discontinued operations (Note 2) 1,449 2,330
Total assets(a) 510,447 [1] 516,829 [1]
Liabilities and equity    
Short-term borrowings (Note 6) 75,102 77,298
Accounts payable 7,740 6,549
Non-recourse borrowings of consolidated securitization entities (Note 6) 28,724 30,124
Bank deposits (Note 6) 54,743 53,361
Long-term borrowings (Note 6) 206,654 210,279
Investment contracts, insurance liabilities and insurance annuity benefits 27,604 26,979
Other liabilities 18,773 20,531
Deferred income taxes 4,956 4,786
Liabilities of businesses held for sale (Note 2) 2 6
Liabilities of discontinued operations (Note 2) 1,122 3,790
Total liabilities(b) 425,420 [1] 433,703 [1]
Preferred stock, $0.01 par value (750,000 shares authorized at both March 31, 2014 and December 31, 2013 and 50,000 shares issued and outstanding at both March 31, 2014 and December 31, 2013) 0 0
Common stock, $14 par value (4,166,000 shares authorized at both March 31, 2014 and December 31, 2013 and 1,000 shares issued and outstanding at both March 31, 2014 and December 31, 2013) 0 0
Accumulated other comprehensive income - net(b)    
Investment securities 793 [2] 309 [2]
Currency translation adjustments (773) [2] (687) [2]
Cash flow hedges (225) [2] (293) [2]
Benefit plans (381) [2] (363) [2]
Additional paid-in capital 32,563 32,563
Retained earnings 52,610 51,165
Total Company shareowners' equity 84,587 82,694
Noncontrolling interests(c)(Note 8) 440 [3] 432 [3]
Total equity 85,027 83,126
Total liabilities and equity $ 510,447 $ 516,829
[1] (a)        Our consolidated assets at March 31, 2014 include total assets of $46,778 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 $40,749 million and investment securities of $3,797 million. Our consolidated liabilities at March 31, 2014 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 $27,175 million. See Note 12.
[2] (b)        The sum of accumulated other comprehensive income (loss) (AOCI) attributable to GECC was $(586) million and $(1,034) million at March 31, 2014 and December 31, 2013, respectively.
[3] (c)        Included AOCI attributable to noncontrolling interests of $(137) million and $(139) million at March 31, 2014 and December 31, 2013, respectively.