Assets and Liabilities of Businesses Held For Sale and Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2011

Assets and Liabilities of Businesses Held For Sale and Discontinued Operations [Abstract]

Businesses held for sale

	June 30,		December 31,
(In millions)	2011		2010
Assets
Cash and equivalents	$	149	$	63
Current receivables		0		2,572
Financing receivables – net		576		1,917
Property, plant and equipment – net		100		2,185
Goodwill		0		19,606
Other intangible assets – net		31		2,844
All other assets		9		7,560
Other		30		140
Assets of businesses held for sale	$	895	$	36,887
Liabilities
Short-term borrowings	$	399	$	146
Accounts payable		56		538
Other GE current liabilities		0		3,994
Long-term borrowings		19		10,134
All other liabilities		53		1,235
Liabilities of businesses held for sale	$	527	$	16,047

Discontinued GECS operations

	Three months ended				Six months ended June 30
(In millions)		2011		2010		2011		2010
Operations
Total revenues	$	121	$	513	$	324	$	1,050
Earnings (loss) from discontinued operations
before income taxes	$	(14)	$	103	$	8	$	118
Benefit (provision) for income taxes		35		(19)		30		(6)
Earnings (loss) from discontinued operations,
net of taxes	$	21	$	84	$	38	$	112
Disposal
Gain (loss) on disposal before income taxes	$	(52)	$	(185)	$	(41)	$	(566)
Benefit for income taxes		248		0		276		0
Gain (loss) on disposal, net of taxes	$	196	$	(185)	$	235	$	(566)
Earnings (loss) from discontinued operations,
net of taxes(a)	$	217	$	(101)	$	273	$	(454)

(a)       The sum of GE industrial earnings (loss) from discontinued operations, net of taxes, and GECS earnings (loss) from discontinued operations, net of taxes, is reported as GE industrial earnings (loss) from discontinued operations, net of taxes, on the Condensed Statement of Earnings.

	June 30,		December 31,
(In millions)	2011		2010
Assets
Cash and equivalents	$	159	$	142
Financing receivables – net		4,966		10,589
All other assets		17		168
Other		1,321		1,526
Assets of discontinued operations	$	6,463	$	12,425
	June 30,		December 31,
(In millions)	2011		2010
Liabilities
Accounts payable, principally trade accounts	$	16	$	110
Deferred income taxes		169		230
All other liabilities		1,926		2,205
Other		7		42
Liabilities of discontinued operations	$	2,118	$	2,587