XML 98 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Statement of Financial Position (Unaudited) (USD $)
In Millions, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
Assets    
Cash and equivalents $ 83,650 $ 84,501
Investment securities 47,829 47,374
Current receivables 19,040 19,531
Inventories 15,212 13,792
Financing receivables - net 272,694 279,918
Other GECC receivables 7,870 7,561
Property, plant and equipment - net 66,000 65,739
Investment in GECC 0 0
Goodwill 72,959 72,625
Other intangible assets - net 11,921 12,068
All other assets 108,563 111,701
Assets of businesses held for sale 640 711
Assets of discontinued operations 1,341 1,721
Total assets(b) 707,719 [1] 717,242 [1]
Liabilities and equity    
Short-term borrowings 138,659 137,611
Accounts payable, principally trade accounts 17,031 16,400
Progress collections and price adjustments accrued 10,673 10,402
Dividends payable 1,799 1,797
Other GE current liabilities 15,030 14,796
Non-recourse borrowings of consolidated securitization entities 29,544 29,258
Bank deposits 41,106 43,115
Long-term borrowings 233,487 243,459
Investment contracts, insurance liabilities and insurance annuity benefits 29,641 29,774
All other liabilities 67,191 70,653
Deferred income taxes 281 (131)
Liabilities of businesses held for sale 305 345
Liabilities of discontinued operations 1,384 1,629
Total liabilities(b) 586,131 [1] 599,108 [1]
Common stock (10,587,317,000 and 10,573,017,000 shares outstanding at March 31, 2012 and December 31, 2011, respectively) 702 702
Accumulated other comprehensive income - net(c)    
Investment securities 305 [2] (30) [2]
Currency translation adjustments 476 [2] 133 [2]
Cash flow hedges (1,052) [2] (1,176) [2]
Benefit plans (21,862) [2] (22,901) [2]
Other capital 33,594 33,693
Retained earnings 139,019 137,786
Less common stock held in treasury (31,315) (31,769)
Total GE shareowners' equity 119,867 116,438
Noncontrolling interests(d) 1,721 [3] 1,696 [3]
Total equity 121,588 118,134
Total liabilities and equity 707,719 717,242
Subsidiaries [Member]
    
Assets    
Cash and equivalents 7,979 [4] 8,382 [4]
Investment securities 18 [4] 18 [4]
Current receivables 11,397 [4] 11,807 [4]
Inventories 15,170 [4] 13,741 [4]
Financing receivables - net 0 [4] 0 [4]
Other GECC receivables 0 [4] 0 [4]
Property, plant and equipment - net 14,443 [4] 14,283 [4]
Investment in GECC 79,192 [4] 77,110 [4]
Goodwill 45,633 [4] 45,395 [4]
Other intangible assets - net 10,453 [4] 10,522 [4]
All other assets 37,163 [4] 36,675 [4]
Assets of businesses held for sale 0 [4] 0 [4]
Assets of discontinued operations 9 [4] 52 [4]
Total assets(b) 221,457 [1],[4] 217,985 [1],[4]
Liabilities and equity    
Short-term borrowings 7,313 [4] 2,184 [4]
Accounts payable, principally trade accounts 14,140 [4] 14,209 [4]
Progress collections and price adjustments accrued 11,448 [4] 11,349 [4]
Dividends payable 1,799 [4] 1,797 [4]
Other GE current liabilities 15,030 [4] 14,796 [4]
Non-recourse borrowings of consolidated securitization entities 0 [4] 0 [4]
Bank deposits 0 [4] 0 [4]
Long-term borrowings 4,400 [4] 9,405 [4]
Investment contracts, insurance liabilities and insurance annuity benefits 0 [4] 0 [4]
All other liabilities 53,335 [4] 53,826 [4]
Deferred income taxes (6,987) [4] (7,183) [4]
Liabilities of businesses held for sale 0 [4] 0 [4]
Liabilities of discontinued operations 158 [4] 158 [4]
Total liabilities(b) 100,636 [1],[4] 100,541 [1],[4]
Common stock (10,587,317,000 and 10,573,017,000 shares outstanding at March 31, 2012 and December 31, 2011, respectively) 702 [4] 702 [4]
Accumulated other comprehensive income - net(c)    
Investment securities 305 [2],[4] (30) [2],[4]
Currency translation adjustments 476 [2],[4] 133 [2],[4]
Cash flow hedges (1,052) [2],[4] (1,176) [2],[4]
Benefit plans (21,862) [2],[4] (22,901) [2],[4]
Other capital 33,594 [4] 33,693 [4]
Retained earnings 139,019 [4] 137,786 [4]
Less common stock held in treasury (31,315) [4] (31,769) [4]
Total GE shareowners' equity 119,867 [4] 116,438 [4]
Noncontrolling interests(d) 954 [3],[4] 1,006 [3],[4]
Total equity 120,821 [4] 117,444 [4]
Total liabilities and equity 221,457 [4] 217,985 [4]
Subsidiaries GECC [Member]
    
Assets    
Cash and equivalents 76,165 76,702
Investment securities 47,814 47,359
Current receivables 0 0
Inventories 42 51
Financing receivables - net 281,383 288,847
Other GECC receivables 14,000 13,390
Property, plant and equipment - net 51,520 51,419
Investment in GECC 0 0
Goodwill 27,326 27,230
Other intangible assets - net 1,468 1,546
All other assets 71,672 75,612
Assets of businesses held for sale 640 711
Assets of discontinued operations 1,332 1,669
Total assets(b) 573,362 [1] 584,536 [1]
Liabilities and equity    
Short-term borrowings 132,028 136,333
Accounts payable, principally trade accounts 8,150 7,239
Progress collections and price adjustments accrued 0 0
Dividends payable 0 0
Other GE current liabilities 0 0
Non-recourse borrowings of consolidated securitization entities 29,544 29,258
Bank deposits 41,106 43,115
Long-term borrowings 229,195 234,391
Investment contracts, insurance liabilities and insurance annuity benefits 30,227 30,198
All other liabilities 14,354 17,334
Deferred income taxes 7,268 7,052
Liabilities of businesses held for sale 305 345
Liabilities of discontinued operations 1,226 1,471
Total liabilities(b) 493,403 [1] 506,736 [1]
Common stock (10,587,317,000 and 10,573,017,000 shares outstanding at March 31, 2012 and December 31, 2011, respectively) 0 0
Accumulated other comprehensive income - net(c)    
Investment securities 298 [2] (33) [2]
Currency translation adjustments (274) [2] (399) [2]
Cash flow hedges (1,029) [2] (1,101) [2]
Benefit plans (587) [2] (563) [2]
Other capital 27,631 27,628
Retained earnings 53,153 51,578
Less common stock held in treasury 0 0
Total GE shareowners' equity 79,192 77,110
Noncontrolling interests(d) 767 [3] 690 [3]
Total equity 79,959 77,800
Total liabilities and equity $ 573,362 $ 584,536
[1] (b) Our consolidated assets at March 31, 2012 include total assets of $46,383 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 $37,733 million and investment securities of $5,146 million. Our consolidated liabilities at March 31, 2012 include liabilities of certain VIEs for which the VIE creditors do not have recourse to GE. These liabilities include non-recourse borrowings of consolidated securitization entities (CSEs) of $28,844 million. See Note 18.
[2] (c) The sum of accumulated other comprehensive income - net was $(22,133) million and $(23,974) million at March 31, 2012 and December 31, 2011, respectively.
[3] (d) Included accumulated other comprehensive income - net attributable to noncontrolling interests of $(160) million and $(168) million at March 31, 2012 and December 31, 2011, respectively.
[4] (a) Represents the adding together of all affiliated companies except General Electric Capital Corporation. (GECC or financial services), which is presented on a one-line basis.