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

3 Months Ended

Mar. 31, 2013

Discontinued Operations and Disposal Groups [Abstract]

	At
	March 31,		December 31,
(In millions)	2013		2012

Assets
Cash and equivalents	$	10	$	74
Financing receivables – net		117		47
Property, plant and equipment – net		27		31
Other intangible assets – net		46		9
Other		124		50
Assets of businesses held for sale	$	324	$	211

Liabilities
Short-term borrowings	$	0	$	138
Other		45		19
Liabilities of businesses held for sale	$	45	$	157

Discontinued Operations

	Three months ended March 31
(In millions)		2013		2012

Operations
Total revenues and other income (loss)	$	(13)	$	101

Earnings (loss) from discontinued operations
before income taxes	$	(128)	$	(66)
Benefit (provision) for income taxes		121		34
Earnings (loss) from discontinued operations,
net of taxes	$	(7)	$	(32)

Disposal
Gain (loss) on disposal before income taxes	$	(187)	$	(194)
Benefit (provision) for income taxes		85		29
Gain (loss) on disposal, net of taxes	$	(102)	$	(165)

Earnings (loss) from discontinued operations,
net of taxes(a)	$	(109)	$	(197)

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

	At
	March 31,		December 31,
(In millions)	2013		2012

Assets
Cash and equivalents	$	103	$	102
Property, plant and equipment - net		520		699
Other		1,242		1,507
Assets of discontinued operations	$	1,865	$	2,308

Liabilities
Deferred income taxes	$	372	$	372
Other		2,004		2,079
Liabilities of discontinued operations	$	2,376	$	2,451

Rollfoward of WMC's reserve and pending claims for WMC representation and warranty obligations

	Reserve at			Pending claims at
(In millions)	March 31, 2013		(In millions)	March 31, 2013

Reserve, beginning of period	$	633	Pending claims, beginning of period	$	5,357
Provision		107	New claims		853
Claim resolutions		0	Claim resolutions		0
Reserve, end of period	$	740	Pending claims, end of period	$	6,210